For release at
4:30 p.m. EDT
November 19, 2009

The Board's H.4.1 statistical release, "Factors Affecting Reserve Balances of
Depository Institutions and Condition Statement of Federal Reserve Banks," has
been modified to include information related to TALF LLC, a limited liability
company formed to purchase and manage any asset-backed securities that might be
received by the Federal Reserve Bank of New York (FRBNY) in connection with the
Term Asset-Backed Securities Loan Facility (TALF).  This information will be
presented in a new table 8, "Information on Principal Accounts of TALF LLC."
The release has also been modified to include information related to the net
portfolio holdings of TALF LLC.  This information is presented in table 1, in
table 8, in table 9, and in table 10. 

On November 25, 2008, the Federal Reserve announced the creation of the TALF
under the authority of section 13(3) of the Federal Reserve Act.  Under the
TALF, the FRBNY extends loans to eligible borrowers to finance the purchase of
eligible asset-backed securities (ABS) that serve as the collateral for the
loans.  The loans provided through the TALF 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 has committed, for a fee, to
purchase all ABS received by FRBNY in conjunction with a TALF loan at a price
equal to the TALF loan plus accrued but unpaid interest.  Purchases of these
securities are funded first through the fees received by the LLC and any
interest the LLC has earned on its investments.  In the event that such funding
proves insufficient, the U.S. Treasury's Troubled Asset Relief Program (TARP)
will provide additional subordinated debt funding to the TALF LLC to finance up
to $20 billion of asset purchases.  Subsequently, the FRBNY will finance any
additional purchases of securities by providing senior debt funding to TALF LLC.
Thus, the TARP funds provide credit protection to FRBNY. 

The Federal Reserve has completed its evaluation and consistent with generally
accepted accounting principles, the assets and liabilities of TALF LLC will be
consolidated with the assets and liabilities of the FRBNY in the preparation of
the statements of condition shown on the release. Although the U.S. Treasury
provides credit protection to the FRBNY, the FRBNY is the more closely
associated beneficiary of the LLC because it directs the significant financial
activities of the TALF LLC.  

The consequences of this consolidation appear on the release in the following
ways.  Any extensions of credit from the FRBNY to TALF LLC are eliminated, as is
the accrued interest on such loans.  The net portfolio holdings of TALF LLC are
included in "total factors supplying reserve funds" in table 1 and in "assets"
in table 9 and in table 10.  The liabilities of TALF LLC to entities other than
the FRBNY are included in "other liabilities and capital" in table 1 and in
"other liabilities and accrued dividends" in table 9 and in table 10.

Information on the principal accounts of TALF LLC is presented separately in a
new table 8.  This table presents the net portfolio holdings of TALF LLC, which
comprise the fair value of the ABS holdings of TALF LLC and other investments
that result from the initial funding provided by the U.S. Treasury, fees paid by
the FRBNY, and interest received on investments.  In addition, the table
presents the book value of the outstanding principal of the loan extended by the
FRBNY, the book value of the accrued interest payable to the FRBNY, and the book
value of the funding provided by the U.S. Treasury to TALF LLC, which includes
the accrued interest payable to the U.S. Treasury.


FEDERAL RESERVE statistical release

H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
                                                                                          November 19, 2009
1. Factors Affecting Reserve Balances of Depository Institutions
Millions of dollars
Reserve Bank credit, related items, and                            Averages of daily figures
reserve balances of depository institutions at            Week ended   Change from week ended     Wednesday
Federal Reserve Banks                                    Nov 18, 2009 Nov 11, 2009 Nov 19, 2008 Nov 18, 2009

Reserve Bank credit                                       2,191,383   +   75,680   +   12,509    2,191,564
  Securities held outright (1)                            1,773,953   +   74,487   +1,284,869    1,776,618       
    U.S. Treasury securities                                776,524   +        7   +  300,093      776,527
      Bills (2)                                              18,423            0            0       18,423
      Notes and bonds, nominal (2)                          707,649            0   +  297,158      707,649
      Notes and bonds, inflation-indexed (2)                 44,643            0   +    3,572       44,643
      Inflation compensation (3)                              5,810   +        7   -      635        5,813
    Federal agency debt securities (2)                      151,737   +    3,615   +  139,083      153,049
    Mortgage-backed securities (4)                          845,692   +   70,865   +  845,692      847,042
  Repurchase agreements (5)                                       0            0   -   80,000            0
  Term auction credit                                       109,456            0   -  305,846      109,456  
  Other loans                                               108,246   +       25   -  188,572      108,532
    Primary credit                                           19,793   -    1,006   -   71,759       19,935
    Secondary credit                                              0            0   -      112            0
    Seasonal credit                                              82   +       15   +       73           78
    Primary dealer and other broker-dealer credit (6)             0            0   -   50,170            0
    Asset-Backed Commercial Paper Money Market
      Mutual Fund Liquidity Facility                              0            0   -   69,798            0
    Credit extended to American International
      Group, Inc., net (7)                                   44,761   +      496   -   40,416       44,918
    Term Asset-Backed Securities Loan Facility, net (8)      43,611   +      520   +   43,611       43,602
    Other credit extensions                                       0            0            0            0
  Net portfolio holdings of Commercial Paper 
    Funding Facility LLC (9)                                 15,114   +      712   -  250,577       15,043
  Net portfolio holdings of Maiden Lane LLC (10)             26,340   +       14   -      605       26,349
  Net portfolio holdings of Maiden Lane II LLC (11)          15,738   +        6   +   15,738       15,766
  Net portfolio holdings of Maiden Lane III LLC (12)         22,934   +       88   +   22,934       22,951
  Net portfolio holdings of TALF LLC (13)                       231   +      231   +      231          231
  Float                                                      -1,969   -      420   -      595       -1,895
  Central bank liquidity swaps (14)                          28,278   -      810   -  535,748       28,278
  Other Federal Reserve assets (15)                          93,061   +    1,346   +   50,679       90,235
Gold stock                                                   11,041            0            0       11,041
Special drawing rights certificate account                    5,200            0   +    3,000        5,200
Treasury currency outstanding (16)                           42,605   +       14   +    3,931       42,600
       
Total factors supplying reserve funds                     2,250,229   +   75,693   +   19,440    2,250,405

Note: Components may not sum to totals because of rounding.  Footnotes appear at the end of the table.


1. Factors Affecting Reserve Balances of Depository Institutions (continued)
Millions of dollars
Reserve Bank credit, related items, and                            Averages of daily figures
reserve balances of depository institutions at            Week ended   Change from week ended     Wednesday
Federal Reserve Banks                                    Nov 18, 2009 Nov 11, 2009 Nov 19, 2008 Nov 18, 2009

Currency in circulation (16)                                919,289   +      666   +   54,706      919,692
Reverse repurchase agreements (17)                           60,171   -       91   -   40,252       59,906
  Foreign official and international accounts                60,171   -       91   -   15,966       59,906
  Dealers                                                         0            0   -   24,286            0
Treasury cash holdings                                          235   -        9   -       15          232
Deposits with F.R. Banks, other than reserve balances       102,023   +    5,780   -  483,616       99,688       
  U.S. Treasury, general account                             61,634   -   13,003   +    1,169       62,309
  U.S. Treasury, supplementary financing account             14,999            0   -  493,957       14,999
  Foreign official                                            2,695   +    1,098   +    2,301        2,957
  Service-related                                             3,138            0   -    3,185        3,138
    Required clearing balances                                3,138            0   -    3,167        3,138
    Adjustments to compensate for float                           0            0   -       18            0
  Other                                                      19,556   +   17,684   +   10,055       16,285
Other liabilities and capital (18)                           66,676   +    2,213   +   20,633       64,512

Total factors, other than reserve balances,                                        
   absorbing reserve funds                                1,148,395   +    8,560   -  448,543    1,144,031

Reserve balances with Federal Reserve Banks               1,101,834   +   67,133   +  467,983    1,106,374
                                                                
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 credit extended through the Primary Dealer Credit Facility and credit extended to certain
   other broker-dealers.
7. Includes outstanding principal and capitalized interest net of unamortized deferred commitment fees and 
   allowance for loan restructuring.  Excludes credit extended to consolidated LLCs.
8. Includes credit extended by the Federal Reserve Bank of New York to eligible borrowers through the Term 
   Asset-Backed Securities Loan Facility, net of unamortized deferred administrative fees.
9. Refer to table 7 and the note on consolidation accompanying table 10.
10. Refer to table 4 and the note on consolidation accompanying table 10.
11. Refer to table 5 and the note on consolidation accompanying table 10.
12. Refer to table 6 and the note on consolidation accompanying table 10.
13. Refer to table 8 and the note on consolidation accompanying table 10.
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.
16. Estimated.
17. Cash value of agreements, which are collateralized by U.S. Treasury securities.
18. Includes the liabilities of Commercial Paper Funding Facility LLC, 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 8 and the note on consolidation accompanying table 10.

Sources: Federal Reserve Banks and the U.S. Department of the Treasury.


1A. Memorandum Items 
Millions of dollars
                                                                   Averages of daily figures
Memorandum item                                           Week ended   Change from week ended     Wednesday
                                                         Nov 18, 2009 Nov 11, 2009 Nov 19, 2008 Nov 18, 2009

Marketable securities held in custody for foreign
      official and international accounts (1)             2,927,973   +   11,269   +  426,845    2,932,778
  U.S. Treasury securities                                2,161,729   +    5,448   +  551,820    2,166,384
  Federal agency securities (2)                             766,244   +    5,821   -  124,974      766,394
Securities lent to dealers                                    7,473   +    1,175   -  198,023        6,933   
  Overnight facility (3)                                      7,473   +    1,175   -    6,767        6,933
    U.S. Treasury securities                                  6,204   +    1,131   -    8,036        6,078
    Federal agency debt securities                            1,269   +       44   +    1,269          855
  Term facility (4)                                               0            0   -  191,256            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 Term Auction Credit, Other Loans, and Securities,  November 18, 2009
Millions of dollars

Remaining maturity                 Within 15  16 days to  91 days to  Over 1 year  Over 5 years  Over 10       All
                                      days     90 days      1 year     to 5 years   to 10 years   years 
Term auction credit                   71,474      37,982         ---          ---           ---        ---     109,456
Other loans (1)                       15,598       4,415            0      88,520             0        ---     108,532
U.S. Treasury securities (2) 
  Holdings                            19,548      20,591       48,711     331,334       211,684    144,658     776,527
  Weekly changes                  +    1,121  -    2,096   -    6,897  +    5,289    +      597 +    1,992  +        7
Federal agency debt securities (3) 
  Holdings                                 0       1,621       21,517      93,546        34,318      2,047     153,049
  Weekly changes                           0  +    1,523   -      836  +    1,158    +    1,520 +       11  +    3,376
Mortgage-backed securities (4)    
  Holdings                                 0           0            0           0             0    847,042     847,042
  Weekly changes                           0           0            0           0             0 +   71,469  +   71,469
Commercial paper held by
  Commercial Paper Funding 
  Facility LLC (5)                        44      10,469            0         ---           ---        ---      10,513
Asset-backed securities held by
  TALF LLC (6)                             0           0            0           0             0          0           0
Repurchase agreements (7)                  0           0          ---         ---           ---        ---           0
Central bank liquidity swaps (8)      23,466       4,812            0           0             0          0      28,278

Reverse repurchase agreements (7)     59,906           0          ---         ---           ---        ---      59,906
  
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 Commercial Paper Funding Facility LLC, 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 commercial paper held by Commercial Paper Funding Facility LLC.
6. Face value of asset-backed securities held by TALF LLC, which is the remaining principal balance of the underlying assets.
7. Cash value of agreements.
8. 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.


3. Supplemental Information on Mortgage-Backed Securities Purchase Program
Millions of dollars
                                                                                                  Wednesday
Account name                                                                                    Nov 18, 2009

Mortgage-backed securities held outright (1)                                                       847,042

Commitments to buy mortgage-backed securities (2)                                                  139,605
Commitments to sell mortgage-backed securities (2)                                                     425

Cash and cash equivalents (3)                                                                          289

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 as well as dollar rolls.
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
Account name                                                                                    Nov 18, 2009
         
Net portfolio holdings of Maiden Lane LLC (1)                                                       26,349

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)           28,820
Accrued interest payable to the Federal Reserve Bank of New York (2)                                   396
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3)        1,241
 
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 September 30, 2009.  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
Account name                                                                                     Nov 18, 2009

Net portfolio holdings of Maiden Lane II LLC (1)                                                     15,766

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)            16,018
Accrued interest payable to the Federal Reserve Bank of New York (2)                                    242
Deferred payment and accrued interest payable to subsidiaries of American International 
  Group, Inc. (3)                                                                                     1,033

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 September 30, 2009.  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.


6. Information on Principal Accounts of Maiden Lane III LLC
Millions of dollars
                                                                                                   Wednesday
Account name                                                                                     Nov 18, 2009

Net portfolio holdings of Maiden Lane III LLC (1)                                                    22,951

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)            18,615
Accrued interest payable to the Federal Reserve Bank of New York (2)                                    313
Outstanding principal amount and accrued interest on loan payable to American International
  Group, Inc. (3)                                                                                     5,173

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 September 30, 2009.  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 Commercial Paper Funding Facility LLC
Millions of dollars
                                                                                                   Wednesday
Account name                                                                                     Nov 18, 2009

Commercial paper holdings, net (1)                                                                   10,229
Other investments, net                                                                                4,813
Net portfolio holdings of Commercial Paper Funding Facility LLC                                      15,043

Memorandum: Commercial paper holdings, face value                                                    10,513

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)            10,439
Accrued interest payable to the Federal Reserve Bank of New York (2)                                      2

1. Book value, which includes amortized cost and related fees.
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.

Note: On October 27, 2008, the Federal Reserve Bank of New York began extending loans under the authority of 
section 13(3) of the Federal Reserve Act to Commercial Paper Funding Facility LLC.  This LLC is a limited 
liability company formed to purchase three-month U.S. dollar-denominated commercial paper from eligible issuers 
and thereby foster liquidity in short-term funding markets and increase the availability of credit for 
businesses and households.


8. Information on Principal Accounts of TALF LLC
Millions of dollars
                                                                                                   Wednesday
Account name                                                                                     Nov 18, 2009

Asset-backed securities holdings (1)                                                                      0
Other investments, net                                                                                  231
Net portfolio holdings of TALF LLC                                                                      231

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                 0
Accrued interest payable to the Federal Reserve Bank of New York (2)                                      0
Funding provided by U.S. Treasury to TALF LLC, including accrued interest payable (3)                   102

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 $20 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.


9. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of dollars
                                                 Eliminations                          Change since
                                                     from       Wednesday        Wednesday        Wednesday
Assets, liabilities, and capital                consolidation Nov 18, 2009     Nov 11, 2009     Nov 19, 2008

Assets
Gold certificate account                                           11,037                0                0
Special drawing rights certificate account                          5,200                0       +    3,000
Coin                                                                2,037       -       23       +      389
Securities, repurchase agreements, term auction
      credit, and other loans                                   1,994,607       +   75,616       +  721,678
  Securities held outright (1)                                  1,776,618       +   74,852       +1,287,692
    U.S. Treasury securities                                      776,527       +        7       +  300,102       
      Bills (2)                                                    18,423                0                0
      Notes and bonds, nominal (2)                                707,649                0       +  297,158
      Notes and bonds, inflation-indexed (2)                       44,643                0       +    3,572
      Inflation compensation (3)                                    5,813       +        7       -      627
    Federal agency debt securities (2)                            153,049       +    3,376       +  140,548
    Mortgage-backed securities (4)                                847,042       +   71,469       +  847,042
  Repurchase agreements (5)                                             0                0       -   80,000    
  Term auction credit                                             109,456                0       -  305,846
  Other loans                                                     108,532       +      763       -  180,170
Net portfolio holdings of Commercial Paper 
  Funding Facility LLC (6)                                         15,043       +      744       -  255,836
Net portfolio holdings of Maiden Lane LLC (7)                      26,349       +       10       -      570
Net portfolio holdings of Maiden Lane II LLC (8)                   15,766       +       33       +   15,766
Net portfolio holdings of 
  Maiden Lane III LLC (9)                                          22,951       +       19       +   22,951
Net portfolio holdings of TALF LLC (10)                               231       +      231       +      231
Items in process of collection                         (279)          450       +       39       -      665
Bank premises                                                       2,228       +        2       +       50
Central bank liquidity swaps (11)                                  28,278       -      810       -  533,812
Other assets (12)                                                  87,764       -    2,093       +   50,074
     
      Total assets                                     (279)    2,211,939       +   73,766       +   23,253

Note: Components may not sum to totals because of rounding.  Footnotes appear at the end of the table.


9. Consolidated Statement of Condition of All Federal Reserve Banks (continued)
Millions of dollars
                                                 Eliminations                          Change since
                                                     from       Wednesday        Wednesday        Wednesday
Assets, liabilities, and capital                consolidation Nov 18, 2009     Nov 11, 2009     Nov 19, 2008
                         
Liabilities
Federal Reserve notes, net of F.R. Bank holdings                  879,357       -    1,523       +   50,740
Reverse repurchase agreements (13)                                 59,906       -      497       -   43,003
Deposits                                                 (0)    1,205,820       +   77,897       -    3,411       
  Depository institutions                                       1,109,269       +   65,034       +  478,777
  U.S. Treasury, general account                                   62,309       -      621       -    6,148
  U.S. Treasury, supplementary financing account                   14,999                0       -  493,957
  Foreign official                                                  2,957       +    1,261       +    2,774
  Other                                                  (0)       16,285       +   12,222       +   15,142
Deferred availability cash items                       (279)        2,344       -      816       -      398
Other liabilities and accrued dividends (14)                       12,684       -      141       +    8,490

      Total liabilities                                (279)    2,160,111       +   74,921       +   12,417
                          
Capital accounts
Capital paid in                                                    25,362       +      189       +    4,989
Surplus                                                            21,431       +        8       +    4,265
Other capital accounts                                              5,034       -    1,353       +    1,581

      Total capital                                                51,828       -    1,155       +   10,836

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. Refer to table 7 and the note on consolidation accompanying table 10.
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 8 and the note on consolidation accompanying table 10.
11. 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. 
12. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates. 
13. Cash value of agreements, which are collateralized by U.S. Treasury securities.
14. Includes the liabilities of Commercial Paper Funding Facility LLC, 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 8 and the note on consolidation accompanying table 10. 


10. Statement of Condition of Each Federal Reserve Bank,  November 18, 2009
Millions of dollars
                                                                                                                                                            Kansas                 San
Assets, liabilities, and capital               Total     Boston   New York Philadelphia Cleveland   Richmond   Atlanta    Chicago   St. Louis  Minneapolis   City      Dallas   Francisco

Assets                        
Gold certificate account                      11,037        412      3,895        450        467        882      1,356        911        329        197        335        621      1,182
Special drawing rights certificate acct.       5,200        196      1,818        210        237        412        654        424        150         90        153        282        574
Coin                                           2,037         67         79        164        151        285        241        271         33         62        139        217        327
Securities, repurchase agreements, term
      auction credit, and other loans      1,994,607     42,569    883,285     33,346     71,437     65,513    214,631    195,016     71,024     29,767     81,175     86,368    220,475
  Securities held outright (1)             1,776,618     34,081    694,436     27,563     70,191     64,024    214,058    192,249     69,601     29,413     80,195     85,902    214,906
    U.S. Treasury securities                 776,527     14,896    303,525     12,047     30,679     27,984     93,561     84,029     30,421     12,856     35,052     37,546     93,931
      Bills (2)                               18,423        353      7,201        286        728        664      2,220      1,994        722        305        832        891      2,228
      Notes and bonds (3)                    758,104     14,543    296,324     11,761     29,951     27,320     91,341     82,035     29,700     12,551     34,220     36,655     91,703
    Federal agency debt securities (2)       153,049      2,936     59,823      2,374      6,047      5,515     18,440     16,562      5,996      2,534      6,908      7,400     18,513
    Mortgage-backed securities (4)           847,042     16,249    331,088     13,141     33,465     30,525    102,057     91,659     33,184     14,023     38,235     40,956    102,461
  Repurchase agreements (5)                        0          0          0          0          0          0          0          0          0          0          0          0          0
  Term auction credit                        109,456      8,342     82,085      5,528      1,243      1,168        231      2,406      1,382        289        965        450      5,368     
  Other loans                                108,532        146    106,764        255          4        321        342        361         41         65         15         16        202
Net portfolio holdings of Commercial
  Paper Funding Facility LLC (6)              15,043          0     15,043          0          0          0          0          0          0          0          0          0          0
Net portfolio holdings of Maiden Lane 
  LLC (7)                                     26,349          0     26,349          0          0          0          0          0          0          0          0          0          0
Net portfolio holdings of Maiden
  Lane II LLC (8)                             15,766          0     15,766          0          0          0          0          0          0          0          0          0          0
Net portfolio holdings of Maiden
  Lane III LLC (9)                            22,951          0     22,951          0          0          0          0          0          0          0          0          0          0
Net portfolio holdings of TALF LLC (10)          231          0        231          0          0          0          0          0          0          0          0          0          0
Items in process of collection                   729         18          0        106        120         38        218         39         30         33         29         37         61
Bank premises                                  2,228        121        249         70        145        238        222        206        134        111        269        252        212
Central bank liquidity swaps (11)             28,278      1,140      7,391      3,126      2,096      8,075      2,176        950        283        438        281        366      1,956
Other assets (12)                             87,764      2,269     31,046      3,884      4,364      9,827      9,333      7,424      2,675      1,442      3,014      3,303      9,181
Interdistrict settlement account                   0  +  14,896  +  64,450  +  22,573  -  22,637  + 224,332  -  76,575  -  89,434  -  36,613  -   8,696  -  31,953  -  19,804  -  40,540

      Total assets                         2,212,219     61,687  1,072,553     63,929     56,379    309,604    152,256    115,808     38,045     23,444     53,442     71,642    193,430

Note: Components may not sum to totals because of rounding.  Footnotes appear at the end of the table.


10. Statement of Condition of Each Federal Reserve Bank,  November 18, 2009 (continued)
Millions of dollars
                                                                                                                                                            Kansas                 San
Assets, liabilities, and capital                Total     Boston   New York Philadelphia Cleveland   Richmond   Atlanta    Chicago   St. Louis  Minneapolis   City      Dallas   Francisco

Liabilities                         
Federal Reserve notes outstanding           1,076,925     35,756    395,933     38,876     45,226     82,405    134,097     85,583     30,671     19,381     28,805     63,443    116,750
  Less: Notes held by F.R. Banks              197,567      4,530     69,965      6,583      9,320     11,560     29,254     13,682      4,500      3,009      3,384     14,333     27,449
    Federal Reserve notes, net                879,357     31,226    325,968     32,292     35,906     70,845    104,843     71,902     26,171     16,373     25,421     49,110     89,300
Reverse repurchase agreements (13)             59,906      1,149     23,416        929      2,367      2,159      7,218      6,483      2,347        992      2,704      2,897      7,246
Deposits                                    1,205,820     27,164    699,245     24,752     13,673    221,575     35,926     35,270      8,716      4,204     24,494     18,451     92,349
  Depository institutions                   1,109,269     27,142    602,928     24,748     13,669    221,451     35,923     35,223      8,712      4,203     24,493     18,451     92,327
  U.S. Treasury, general account               62,309          0     62,309          0          0          0          0          0          0          0          0          0          0
  U.S. Treasury, supplementary
    financing account                          14,999          0     14,999          0          0          0          0          0          0          0          0          0          0
  Foreign official                              2,957          2      2,928          4          3         11          3          1          0          1          0          1          3
  Other                                        16,285         21     16,080          0          1        112          0         46          4          0          1          0         19
Deferred availability cash items                2,624         59          0        455        381        105        321        183         51        284        134        155        495
Other liabilities and accrued                 
  dividends (14)                               12,684        175      8,825        213        281        588        618        520        238        148        223        278        577
   
      Total liabilities                     2,160,391     59,773  1,057,454     58,642     52,609    295,271    148,925    114,357     37,523     22,000     52,977     70,891    189,968
                              
Capital                    
Capital paid in                                25,362        945      7,427      2,626      1,855      7,133      1,578        622        240        712        209        350      1,665
Surplus                                        21,431        844      5,959      2,316      1,551      5,983      1,612        704        209        324        207        271      1,450
Other capital                                   5,034        125      1,713        344        364      1,217        141        125         73        408         49        130        346

      Total liabilities and capital         2,212,219     61,687  1,072,553     63,929     56,379    309,604    152,256    115,808     38,045     23,444     53,442     71,642    193,430
                              
Note: Components may not sum to totals because of rounding.  Footnotes appear at the end of the table.


10. Statement of Condition of Each Federal Reserve Bank,  November 18, 2009 (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 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. Refer to table 7 and the note on consolidation below.
7. 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 8 and the note on consolidation below.
11. 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.
12. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates.
13. Cash value of agreements, which are collateralized by U.S. Treasury securities.
14. Includes the liabilities of Commercial Paper Funding Facility LLC, 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 8 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 Reserve Act. On June 26, 2008, 
a loan was extended to Maiden Lane LLC, which was formed to acquire certain assets of Bear Stearns.  On October 27, 2008, the FRBNY began extending loans to Commercial Paper Funding 
Facility LLC, which was formed to purchase three-month U.S. dollar-denominated commercial paper from eligible issuers. On November 25, 2008, a loan was extended to Maiden Lane III LLC, 
which was formed to purchase multi-sector collateralized debt obligations on which the Financial Products group of the American International Group, Inc. has written credit default swap 
contracts.  On December 12, 2008, a loan was extended to Maiden Lane II LLC, which was formed to purchase residential mortgage-backed securities from the U.S. securities lending 
reinvestment portfolio of subsidiaries of American 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 and manage any asset-backed 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 Facility.

The FRBNY is the sole beneficiary of Commercial Paper Funding Facility LLC.  The 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 responsible for directing the financial activities of TALF 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 majority of any residual losses of the LLCs.  Consistent with generally accepted accounting principles, the assets and liabilities of 
these LLCs have been consolidated with the assets and liabilities of the FRBNY in the preparation of the statements of condition 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 LLCs appear as assets on the previous page (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 LLCs, are included in other liabilities in this table (and table 1 and table 9).


11. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts
Millions of dollars

Federal Reserve notes and collateral                                                              Wednesday
                                                                                                Nov 18, 2009
              
Federal Reserve notes outstanding                                                                1,076,925
  Less: Notes held by F.R. Banks not subject to collateralization                                  197,567
    Federal Reserve notes to be collateralized                                                     879,357 
Collateral held against Federal Reserve notes                                                      879,357
  Gold certificate account                                                                          11,037
  Special drawing rights certificate account                                                         5,200
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                         863,120
  Other assets pledged                                                                                   0

Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                           1,776,618
  Less: Face value of securities under reverse repurchase agreements                                59,122
    U.S. Treasury, agency debt, and mortgage-backed securities
    eligible to be pledged                                                                       1,717,496
   
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.