FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and

Condition Statement of Federal Reserve Banks September 2, 2010

1. Factors Affecting Reserve Balances of Depository Institutions

Millions of dollars

Averages of daily figures Wednesday

 Sep 1, 2010 Week ended

 Sep 1, 2010

Change from week ended

Aug 25, 2010 Sep 2, 2009

Reserve Bank credit, related items, and

reserve balances of depository institutions at

Federal Reserve Banks

Reserve Bank credit 2,286,683 - 7,462 + 223,351 2,284,674

Securities held outright1 2,045,484 - 5,676 + 554,856 2,045,953

U.S. Treasury securities 785,813 + 2,984 + 37,782 786,283

Bills2 18,423 0 0 18,423

Notes and bonds, nominal2 720,694 + 2,837 + 41,419 720,773

Notes and bonds, inflation-indexed2 41,281 + 152 - 3,307 41,660

Inflation compensation3 5,416 - 5 - 330 5,427

Federal agency debt securities2 156,502 - 405 + 38,276 156,502

Mortgage-backed securities4 1,103,169 - 8,255 + 478,798 1,103,168

Repurchase agreements5 0 0 0 0

Term auction credit 0 0 - 212,110 0

Other loans 56,348 - 1,531 - 52,868 54,034

Primary credit 13 - 15 - 32,646 9

Secondary credit 0 - 1 - 590 0

Seasonal credit 86 - 7 - 27 85

Asset-Backed Commercial Paper Money Market

Mutual Fund Liquidity Facility 0 0 - 79 0

Credit extended to American International

Group, Inc., net6 19,909 - 181 - 18,898 20,057

Term Asset-Backed Securities Loan Facility7 36,340 - 1,327 - 629 33,883

Other credit extensions 0 0 0 0

Net portfolio holdings of Commercial Paper

Funding Facility LLC8 0 0 - 48,155 0

Net portfolio holdings of Maiden Lane LLC9 29,004 + 22 + 2,969 29,047

Net portfolio holdings of Maiden Lane II LLC10 16,029 + 53 + 1,085 16,029

Net portfolio holdings of Maiden Lane III LLC11 23,329 + 4 + 2,432 23,337

Net portfolio holdings of TALF LLC12 575 + 5 + 575 575

Preferred interests in AIA Aurora LLC and ALICO

Holdings LLC13 25,733 0 + 25,733 25,733

Float -1,729 - 57 + 304 -2,075

Central bank liquidity swaps14 44 + 5 - 63,243 44

Other Federal Reserve assets15 91,867 - 286 + 11,775 91,997

Gold stock 11,041 0 0 11,041

Special drawing rights certificate account 5,200 0 + 3,000 5,200

Treasury currency outstanding16 43,331 + 14 + 844 43,331

Total factors supplying reserve funds 2,346,255 - 7,448 + 227,195 2,344,246

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.
H.4.1

1. Factors Affecting Reserve Balances of Depository Institutions (continued)

Millions of dollars

Averages of daily figures Wednesday

 Sep 1, 2010 Week ended

 Sep 1, 2010

Change from week ended

Aug 25, 2010 Sep 2, 2009

Reserve Bank credit, related items, and

reserve balances of depository institutions at

Federal Reserve Banks

Currency in circulation16 947,508 + 1,232 + 37,060 950,893

Reverse repurchase agreements17 61,999 + 1,566 - 7,426 58,276

Foreign official and international accounts 61,999 + 1,566 - 7,426 58,276

Dealers 0 0 0 0

Treasury cash holdings 240 + 19 - 15 247

Deposits with F.R. Banks, other than reserve balances 230,019 + 4,482 - 12,396 252,809

Term deposits held by depository institutions 2,119 0 + 2,119 2,119

U.S. Treasury, general account 23,113 + 4,290 - 12,468 45,737

U.S. Treasury, supplementary financing account 199,956 + 2 + 24 199,956

Foreign official 1,985 + 294 - 518 2,069

Service-related 2,433 - 25 - 1,644 2,433

Required clearing balances 2,433 - 25 - 1,644 2,433

Adjustments to compensate for float 0 0 0 0

Other 414 - 77 + 92 495

Other liabilities and capital18 71,946 - 97 + 12,598 71,485

Total factors, other than reserve balances,

absorbing reserve funds 1,311,714 + 7,204 + 29,822 1,333,711

Reserve balances with Federal Reserve Banks 1,034,542 - 14,651 + 197,374 1,010,535

Note: Components may not sum to totals because of rounding.

1. Includes securities lent to dealers under the overnight and term securities lending facilities; refer to table 1A.

2. Face value of the securities.

3. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed securities.

4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of

the underlying mortgages.

5. Cash value of agreements.

6. Includes outstanding principal and capitalized interest net of unamortized deferred commitment fees and allowance for loan restructuring.

Excludes credit extended to consolidated LLCs.

7. Includes credit extended by the Federal Reserve Bank of New York to eligible borrowers through the Term Asset-Backed Securities Loan Facility.

8. Includes the book value of the commercial paper, net of amortized costs and related fees, and other investments held by the Commercial Paper

Funding Facility LLC.

9. Refer to table 4 and the note on consolidation accompanying table 10.

10.Refer to table 5 and the note on consolidation accompanying table 10.

11.Refer to table 6 and the note on consolidation accompanying table 10.

12.Refer to table 7 and the note on consolidation accompanying table 10.

13.Refer to table 8.

14.Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned

to the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the

foreign central bank.

15.Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates, accrued dividends on the Federal

Reserve Bank of New York’s (FRBNY) preferred interests in AIA Aurora LLC and ALICO Holdings LLC, and the fair value adjustment to credit

extended by the FRBNY to eligible borrowers through the Term Asset-Backed Securities Loan Facility.

16.Estimated.

17.Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.

18.Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to entities
 other than the Federal Reserve

Bank of New York, including liabilities that have recourse only to the portfolio holdings of these LLCs. Refer to table 4
 through table 7 and the note

on consolidation accompanying table 10.

Sources: Federal Reserve Banks and the U.S. Department of the Treasury.
H.4.1

1A. Memorandum Items

Millions of dollars

Averages of daily figures Wednesday

 Sep 1, 2010 Week ended

 Sep 1, 2010

Change from week ended

Aug 25, 2010 Sep 2, 2009

Memorandum item

Marketable securities held in custody for foreign

official and international accounts1 3,210,850 + 13,650 + 382,328 3,225,132

U.S. Treasury securities 2,393,824 + 18,032 + 344,719 2,407,645

Federal agency securities2 817,026 - 4,382 + 37,609 817,487

Securities lent to dealers 6,778 + 1,371 - 5,088 8,443

Overnight facility3 6,778 + 1,371 - 5,088 8,443

U.S. Treasury securities 5,446 + 1,435 - 6,229 7,130

Federal agency debt securities 1,332 - 65 + 1,140 1,313

Term facility4 0 0 0 0

Note: Components may not sum to totals because of rounding.

1. Face value of the securities. Includes U.S. Treasury STRIPS, other zero-coupon bonds, and mortgage-backed securities at face value.

2. Includes debt and mortgage-backed securities.

3. Fully collateralized by U.S. Treasury securities.

4. U.S. Treasury securities only. Fully collateralized by U.S. Treasury securities, federal agency securities, and other highly rated debt securities.

2. Maturity Distribution of Securities, Loans, and Selected Other Assets and Liabilities, September 1, 2010

Millions of dollars

Within 15

days

16 days to

90 days

91 days to

1 year

Over 1 year

to 5 years

Over 5 years

to 10 years

Over 10

years

Remaining maturity All

Other loans1 33 61 0 53,940 0 ... 54,034

U.S. Treasury securities2

Holdings 13,318 17,798 52,786 341,198 220,725 140,458 786,283

Weekly changes - 5,355 + 6,588 - 507 - 1,610 + 1,036 + 1,633 + 1,785

Federal agency debt securities3

Holdings 1,983 6,341 38,402 74,683 32,746 2,347 156,502

Weekly changes + 1,983 - 1,983 0 0 0 0 0

Mortgage-backed securities4

Holdings 0 0 0 29 20 1,103,119 1,103,168

Weekly changes 0 0 0 0 0 + 1 + 1

Asset-backed securities held by

TALF LLC5 0 0 0 0 0 0 0

Repurchase agreements6 0 0 ... ... ... ... 0

Central bank liquidity swaps7 43 1 0 0 0 0 44

Reverse repurchase agreements6 58,276 0 ... ... ... ... 58,276

Term deposits 0 2,119 0 ... ... ... 2,119

Note: Components may not sum to totals because of rounding.

. . . Not applicable.

1. Excludes the loans from the Federal Reserve Bank of New York (FRBNY) to Maiden Lane LLC,
 Maiden Lane II LLC, Maiden

Lane III LLC, and TALF LLC. The loans were eliminated when preparing the FRBNY’s statement of condition
 consistent with consolidation

under generally accepted accounting principles.

2. Face value. For inflation-indexed securities, includes the original face value and compensation that adjusts for the effect of inflation on the

original face value of such securities.

3. Face value.

4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the

underlying mortgages.

5. Face value of asset-backed securities held by TALF LLC, which is the remaining principal balance of the underlying assets.

6. Cash value of agreements.

7. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to

the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the foreign

central bank.
H.4.1

3. Supplemental Information on Mortgage-Backed Securities Purchase Program

Millions of dollars

Wednesday

 Sep 1, 2010 Account name

Mortgage-backed securities held outright1 1,103,168

Commitments to buy mortgage-backed securities2 0

Commitments to sell mortgage-backed securities2 0

Cash and cash equivalents3 43

1. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the

underlying mortgages.

2. Current face value. Generally settle within 180 days and include commitments associated with outright transactions, dollar rolls, and coupon swaps.

3. This amount is included in other Federal Reserve assets in table 1 and in other assets in table 9 and table 10.

4. Information on Principal Accounts of Maiden Lane LLC

Millions of dollars

Wednesday

 Sep 1, 2010 Account name

Net portfolio holdings of Maiden Lane LLC1 29,047

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2 28,281

Accrued interest payable to the Federal Reserve Bank of New York2 550

Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co.3 1,292

1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an

orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of June 30, 2010. Any assets purchased after

this valuation date are initially recorded at cost until their estimated fair value as of the purchase date becomes available.

2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York’s statement of condition consistent with

consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 10.

3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in

table 9 and table 10.

Note: On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended credit to Maiden Lane LLC under the authority of section 13(3)

of the Federal Reserve Act. This limited liability company was formed to acquire certain assets of Bear Stearns and to manage those assets

through time to maximize repayment of the credit extended and to minimize disruption to financial markets. Payments by Maiden Lane LLC from

the proceeds of the net portfolio holdings will be made in the following order: operating expenses of the LLC, principal due to the FRBNY, interest

due to the FRBNY, principal due to JPMorgan Chase & Co., and interest due to JPMorgan Chase & Co. Any remaining funds will be paid to the

FRBNY.

5. Information on Principal Accounts of Maiden Lane II LLC

Millions of dollars

Wednesday

 Sep 1, 2010 Account name

Net portfolio holdings of Maiden Lane II LLC1 16,029

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2 13,873

Accrued interest payable to the Federal Reserve Bank of New York2 394

Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc.3 1,060

1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an

orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of June 30, 2010. Any assets purchased after

this valuation date are initially recorded at cost until their estimated fair value as of the purchase date becomes available.

2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York’s statement of condition consistent with

consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 10.

3. Book value. The deferred payment represents the portion of the proceeds of the net portfolio holdings due to subsidiaries of American

International Group, Inc. in accordance with the asset purchase agreement. The fair value of this payment and accrued interest payable are

included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 9 and table 10.

Note: On December 12, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden Lane II LLC under the authority

of section 13(3) of the Federal Reserve Act. This limited liability company was formed to purchase residential mortgage-backed securities from the

U.S. securities lending reinvestment portfolio of subsidiaries of American International Group, Inc. (AIG subsidiaries). Payments by Maiden Lane II

LLC from the proceeds of the net portfolio holdings will be made in the following order: operating expenses of Maiden Lane II LLC, principal due to

the FRBNY, interest due to the FRBNY, and deferred payment and interest due to AIG subsidiaries. Any remaining funds will be shared by the

FRBNY and AIG subsidiaries.
H.4.1

6. Information on Principal Accounts of Maiden Lane III LLC

Millions of dollars

Wednesday

 Sep 1, 2010 Account name

Net portfolio holdings of Maiden Lane III LLC1 23,337

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2 15,107

Accrued interest payable to the Federal Reserve Bank of New York2 484

Outstanding principal amount and accrued interest on loan payable to American International Group, Inc.3 5,308

1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an

orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of June 30, 2010. Any assets purchased after

this valuation date are initially recorded at cost until their estimated fair value as of the purchase date becomes available.

2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York’s statement of condition consistent with

consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 10.

3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in

table 9 and table 10.

Note: On November 25, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden Lane III LLC under the authority

of section 13(3) of the Federal Reserve Act. This limited liability company was formed to purchase multi-sector collateralized debt obligations

(CDOs) on which the Financial Products group of American International Group, Inc. (AIG) has written credit default swap (CDS) contracts. In

connection with the purchase of CDOs, the CDS counterparties will concurrently unwind the related CDS transactions. Payments by Maiden Lane

III LLC from the proceeds of the net portfolio holdings will be made in the following order: operating expenses of Maiden Lane III LLC, principal due

to the FRBNY, interest due to the FRBNY, principal due to AIG, and interest due to AIG. Any remaining funds will be shared by the FRBNY and

AIG.

7. Information on Principal Accounts of TALF LLC

Millions of dollars

Wednesday

 Sep 1, 2010 Account name

Asset-backed securities holdings1 0

Other investments, net 575

Net portfolio holdings of TALF LLC 575

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2 0

Accrued interest payable to the Federal Reserve Bank of New York2 0

Funding provided by U.S. Treasury to TALF LLC, including accrued interest payable3 105

1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an orderly

market on the measurement date.

2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York’s statement of condition consistent with consolidation

under generally accepted accounting principles. Refer to the note on consolidation accompanying table 10.

3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 9

and table 10.

Note: On November 25, 2008, the Federal Reserve announced the creation of the Term Asset-Backed Securities Loan Facility (TALF) under the authority

of section 13(3) of the Federal Reserve Act. The TALF is a facility under which the Federal Reserve Bank of New York (FRBNY) extends loans with a term

of up to five years to holders of eligible asset-backed securities. The TALF is intended to assist financial markets in accommodating the credit needs of

consumers and businesses by facilitating the issuance of asset-backed securities collateralized by a variety of consumer and business loans. The loans

provided through the TALF to eligible borrowers are non-recourse, meaning that the obligation of the borrower can be discharged by surrendering the

collateral to the FRBNY. The loans are extended for the market value of the security less an amount known as a haircut. As a result, the borrower bears

the initial risk of a decline in the value of the security.

TALF LLC is a limited liability company formed to purchase and manage any asset-backed securities received by the FRBNY in connection with the

decision of a borrower not to repay a TALF loan. TALF LLC has committed, for a fee, to purchase all asset-backed securities received by the FRBNY in

conjunction with a TALF loan at a price equal to the TALF loan plus accrued but unpaid interest. Losses on asset-backed securities held by TALF LLC will

be offset in the following order: by the commitment fees collected by TALF LLC, by the interest received on investments of TALF LLC, by up to $4.3 billion

in subordinated debt funding provided by the U.S. Treasury, and finally, by senior debt funding provided by the FRBNY. Payments by TALF LLC from the

proceeds of its net portfolio holdings will be made in the following order: operating expenses of TALF LLC, principal due to the FRBNY, principal due to the

U.S. Treasury, interest due to the FRBNY, and interest due to the U.S. Treasury. Any remaining funds will be shared by the FRBNY and the U.S. Treasury.
H.4.1

8. Supplemental Information on the Federal Reserve Bank of New York’s Preferred Interests in

AIA Aurora LLC and ALICO Holdings LLC

Millions of dollars

Wednesday

 Sep 1, 2010 Account name

Preferred interests in AIA Aurora LLC and ALICO Holdings LLC1 25,733

Accrued dividends on preferred interests in AIA Aurora LLC and ALICO Holdings LLC2 222

Preferred interests in AIA Aurora LLC1 16,469

Accrued dividends on preferred interests in AIA Aurora LLC2 142

Preferred interests in ALICO Holdings LLC1 9,264

Accrued dividends on preferred interests in ALICO Holdings LLC2 80

Note: Components may not sum to totals because of rounding.

1. Book value.

2. This amount is included in other Federal Reserve assets in table 1 and in other assets in table 9 and table 10.

Note on preferred interests:

In conjunction with the restructuring of the government’s assistance to American International Group, Inc. (AIG) announced March 2, 2009, the

outstanding balance and amount available of revolving credit provided to AIG by the FRBNY has been reduced in exchange for preferred interests in two

special purpose vehicles, AIA Aurora LLC and ALICO Holdings LLC. These two limited liability companies were created to directly or indirectly hold all

of the outstanding common stock of American International Assurance Company Ltd. (AIA) and American Life Insurance Company (ALICO), two life

insurance subsidiaries of AIG. AIG will retain control of AIA Aurora LLC and ALICO Holdings LLC, and the FRBNY will have certain consent, disposition,

and conversion rights with respect to its preferred interests.

Dividends accrue as a percentage of the FRBNY’s preferred interests in AIA Aurora LLC and ALICO Holdings LLC. On a quarterly basis, the accrued

dividends are capitalized and added to the FRBNY’s preferred interests in AIA Aurora LLC and ALICO Holdings LLC.
H.4.1

9. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Eliminations from

consolidation

Wednesday

 Sep 1, 2010

Change since

Wednesday

Aug 25, 2010

Wednesday

 Sep 2, 2009

Assets, liabilities, and capital

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 5,200 0 + 3,000

Coin 2,067 - 2 + 151

Securities, repurchase agreements, term auction

credit, and other loans 2,099,987 - 563 + 281,884

Securities held outright1 2,045,953 + 1,786 + 548,522

U.S. Treasury securities 786,283 + 1,785 + 33,442

Bills2 18,423 0 0

Notes and bonds, nominal2 720,773 + 1,243 + 36,698

Notes and bonds, inflation-indexed2 41,660 + 531 - 2,928

Inflation compensation3 5,427 + 10 - 328

Federal agency debt securities2 156,502 0 + 37,165

Mortgage-backed securities4 1,103,168 + 1 + 477,915

Repurchase agreements5 0 0 0

Term auction credit 0 0 - 212,110

Other loans 54,034 - 2,349 - 54,528

Net portfolio holdings of Commercial Paper

Funding Facility LLC6 0 0 - 47,663

Net portfolio holdings of Maiden Lane LLC7 29,047 + 57 + 2,968

Net portfolio holdings of Maiden Lane II LLC8 16,029 - 1 + 1,082

Net portfolio holdings of Maiden Lane III LLC9 23,337 + 10 + 2,402

Net portfolio holdings of TALF LLC10 575 0 + 575

Preferred interests in AIA Aurora LLC and ALICO

Holdings LLC11 25,733 0 + 25,733

Items in process of collection (109) 275 - 44 - 345

Bank premises 2,222 - 7 + 8

Central bank liquidity swaps12 44 + 5 - 63,243

Other assets13 89,787 + 1,509 + 12,010

Total assets (109) 2,305,341 + 965 + 218,564

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.
H.4.1

9. Consolidated Statement of Condition of All Federal Reserve Banks (continued)

Millions of dollars

Eliminations from

consolidation

Wednesday

 Sep 1, 2010

Change since

Wednesday

Aug 25, 2010

Wednesday

 Sep 2, 2009

Assets, liabilities, and capital

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 909,873 + 3,596 + 37,060

Reverse repurchase agreements14 58,276 - 2,839 - 10,427

Deposits (0) 1,263,356 - 291 + 179,694

Term deposits held by depository institutions 2,119 0 + 2,119

Other deposits held by depository institutions 1,012,980 - 40,362 + 190,647

U.S. Treasury, general account 45,737 + 39,848 - 12,979

U.S. Treasury, supplementary financing account 199,956 + 2 + 24

Foreign official 2,069 + 159 - 311

Other (0) 495 + 62 + 195

Deferred availability cash items (109) 2,350 + 365 - 516

Other liabilities and accrued dividends15 14,864 - 176 + 6,960

Total liabilities (109) 2,248,719 + 654 + 212,772

Capital accounts

Capital paid in 26,675 - 47 + 1,894

Surplus 25,851 + 6 + 4,511

Other capital accounts 4,095 + 352 - 615

Total capital 56,621 + 310 + 5,791

Note: Components may not sum to totals because of rounding.

1. Includes securities lent to dealers under the overnight and term securities lending facilities; refer to table 1A.

2. Face value of the securities.

3. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed securities.

4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the

underlying mortgages.

5. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.

6. Includes the book value of the commercial paper, net of amortized costs and related fees, and other investments held by the Commercial Paper

Funding Facility LLC.

7. Refer to table 4 and the note on consolidation accompanying table 10.

8. Refer to table 5 and the note on consolidation accompanying table 10.

9. Refer to table 6 and the note on consolidation accompanying table 10.

10.Refer to table 7 and the note on consolidation accompanying table 10.

11.Refer to table 8.

12.Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to

the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the foreign

central bank.

13.Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates, accrued dividends on the Federal

Reserve Bank of New York’s (FRBNY) preferred interests in AIA Aurora LLC and ALICO Holdings LLC, and the fair value adjustment to credit

extended by the FRBNY to eligible borrowers through the Term Asset-Backed Securities Loan Facility.

14.Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.

15.Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to 
 entities other than the Federal

Reserve Bank of New York, including liabilities that have recourse only to the portfolio holdings of these LLCs. Refer to
 table 4 through table 7 and

the note on consolidation accompanying table 10.
H.4.1

10. Statement of Condition of Each Federal Reserve Bank, September 1, 2010Millions of dollars

Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minn

Assets, liabilities, and capital

Assets

Gold certificate account 11,037 369 4,038 404 463 846 1,385 887 324 Special drawing rights certificate acct. 5,200 196 1,818 210 237 412 654 424 150 Coin 2,067 63 70 163 150 304 198 320 30 Securities, repurchase agreements,

term auction credit, and otherloans 2,099,987 51,776 888,797 47,780 69,513 233,013 193,620 154,240 52,727 

Securities held outright1 2,045,953 51,776 834,857 47,779 69,513 233,012 193,604 154,237 52,700 

U.S. Treasury securities 786,283 19,898 320,845 18,362 26,715 89,549 74,404 59,275 20,253 

Bills2 18,423 466 7,517 430 626 2,098 1,743 1,389 475 Notes and bonds3 767,861 19,432 313,328 17,932 26,089 87,451 72,661 57,886 19,779 

Federal agency debt securities2 156,502 3,961 63,861 3,655 5,317 17,824 14,809 11,798 4,031 

Mortgage-backed securities4 1,103,168 27,918 450,151 25,762 37,481 125,639 104,390 83,164 28,416 

Repurchase agreements5 0 0 0 0 0 0 0 0 0 Term auction credit 0 0 0 0 0 0 0 0 0 Other loans 54,034 0 53,940 1 0 1 16 4 27 

Net portfolio holdings of Commercial

Paper Funding Facility LLC6 0 0 0 0 0 0 0 0 0 

Net portfolio holdings of Maiden

Lane LLC7 29,047 0 29,047 0 0 0 0 0 0 

Net portfolio holdings of Maiden

Lane II LLC8 16,029 0 16,029 0 0 0 0 0 0 

Net portfolio holdings of Maiden

Lane III LLC9 23,337 0 23,337 0 0 0 0 0 0 

Net portfolio holdings of TALF LLC10 575 0 575 0 0 0 0 0 0 

Preferred interests in AIA Aurora LLC

and ALICO Holdings LLC11 25,733 0 25,733 0 0 0 0 0 0 

Items in process of collection 385 17 0 32 87 11 39 55 28 Bank premises 2,222 124 256 69 142 238 218 209 135 Central bank liquidity swaps12 44 2 13 5 3 12 3 1 0 Other assets13 89,787 2,568 33,904 4,276 4,043 14,310 7,619 5,419 1,906 Interdistrict settlement account 0 + 3,196 + 102,304 + 23,059 - 14,882 + 13,391 - 43,725 - 36,255 - 12,994 + 

Total assets 2,305,450 58,309 1,125,921 75,998 59,756 262,536 160,011 125,301 42,306 

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.
H.4.1

10. Statement of Condition of Each Federal Reserve Bank, September 1, 2010 (continued)Millions of dollars

Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minn

Assets, liabilities, and capital

Liabilities

Federal Reserve notes outstanding 1,139,205 41,254 389,576 46,118 46,654 90,557 145,109 88,371 33,384 

Less: Notes held by F.R. Banks 229,332 4,105 97,773 5,336 9,592 14,838 31,380 13,214 4,587 

Federal Reserve notes, net 909,873 37,149 291,802 40,782 37,062 75,719 113,730 75,157 28,797 

Reverse repurchase agreements14 58,276 1,475 23,780 1,361 1,980 6,637 5,515 4,393 1,501 

Deposits 1,263,356 17,509 783,215 27,714 16,045 166,575 36,840 43,691 11,246 

Term deposits held by depository

institutions 2,119 27 886 0 15 96 161 506 0 

Other deposits held by depository

institutions 1,012,980 17,470 534,385 27,710 16,027 166,277 36,675 43,122 11,237 

U.S. Treasury, general account 45,737 0 45,737 0 0 0 0 0 0 U.S. Treasury, supplementary

financing account 199,956 0 199,956 0 0 0 0 0 0 

Foreign official 2,069 1 2,041 4 3 11 2 1 0 Other 495 12 210 0 0 191 1 63 8 

Deferred availability cash items 2,460 87 2 241 527 112 138 225 80 Other liabilities and accrued

dividends15 14,864 194 11,172 219 253 737 524 428 192 

Total liabilities 2,248,829 56,414 1,109,970 70,317 55,867 249,780 156,746 123,894 41,815 Capital

Capital paid in 26,675 916 7,653 2,829 1,924 5,439 1,551 668 216 Surplus 25,851 946 7,647 2,804 1,911 7,141 1,581 621 239 Other capital 4,095 33 650 48 55 177 133 119 36 

Total liabilities and capital 2,305,450 58,309 1,125,921 75,998 59,756 262,536 160,011 125,301 42,306 

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.
H.4.1

10. Statement of Condition of Each Federal Reserve Bank, September 1, 2010 (continued)1. Includes securities lent to dealers under the overnight and term securities lending facilities; refer to table 1A.2. Face value of the securities.3. Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face value of such securitie4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the underlying mort5. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.6. Includes the book value of the commercial paper, net of amortized costs and related fees, and other investments held by the Commercial Paper Funding Facilit7. Refer to table 4 and the note on consolidation below.8. Refer to table 5 and the note on consolidation below.9. Refer to table 6 and the note on consolidation below.10.Refer to table 7 and the note on consolidation below.11.Refer to table 8.12.Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign centr

equals the market exchange rate used when the foreign currency was acquired from the foreign central bank.

13.Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates, accrued dividends on the Federal Reserve Bank o

preferred interests in AIA Aurora LLC and ALICO Holdings LLC, and the fair value adjustment to credit extended by the FRBNY to eligible borrowers through thLoan Facility.

14.Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.15.Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to entities other than the Federal Reserve Bank of 
 New 

that have recourse only to the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note on consolidation below.

Note on consolidation:The Federal Reserve Bank of New York (FRBNY) has extended loans to several limited liability companies under the authority of section 13(3) of the Federal Resewas extended to Maiden Lane LLC, which was formed to acquire certain assets of Bear Stearns. On November 25, 2008, a loan was extended to Maiden Lane III multi-sector collateralized debt obligations on which the Financial Products group of the American International Group, Inc. has written credit default swap contractwas extended to Maiden Lane II LLC, which was formed to purchase residential mortgage-backed securities from the U.S. securities lending reinvestment portfolio International Group, Inc. On November 25, 2008, the Federal Reserve Board authorized the FRBNY to extend credit to TALF LLC, which was formed to purchase securities received by the FRBNY in connection with the decision of a borrower not to repay a loan extended under the Term Asset-Backed Securities Loan FacilitThe FRBNY is the primary beneficiary of TALF LLC, because of the two beneficiaries of the LLC, the FRBNY and the U.S. Treasury, the FRBNY is primarily respoTALF LLC. The FRBNY is the primary beneficiary of the other LLCs cited above because it will receive a majority of any residual returns of the LLCs and absorb a Consistent with generally accepted accounting principles, the assets and liabilities of these LLCs have been consolidated with the assets and liabilities of the FRBNcondition shown on this release. As a consequence of the consolidation, the extensions of credit from the FRBNY to the LLCs are eliminated, the net assets of the (and in table 1 and table 9), and the liabilities of the LLCs to entities other than the FRBNY, including those with recourse only to the portfolio holdings of the LLCsin this table (and table 1 and table 9).
H.4.1

11. Collateral Held against Federal Reserve Notes: Federal Reserve Agents’ Accounts

Millions of dollars

Wednesday

 Sep 1, 2010 Federal Reserve notes and collateral

Federal Reserve notes outstanding 1,139,205

Less: Notes held by F.R. Banks not subject to collateralization 229,332

Federal Reserve notes to be collateralized 909,873

Collateral held against Federal Reserve notes 909,873

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 893,636

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 2,045,953

Less: Face value of securities under reverse repurchase agreements 56,825

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 1,989,129

Note: Components may not sum to totals because of rounding.

1. Includes face value of U.S. Treasury, agency debt, and mortgage-backed securities held outright, compensation to

adjust for the effect of inflation on the original face value of inflation-indexed securities, and cash value of repurchase

agreements.

2. Includes securities lent to dealers under the overnight and term securities lending facilities; refer to table 1A.