FEDERAL RESERVE statistical release
H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
                                                                                            November 10, 2011
 
1. Factors Affecting Reserve Balances of Depository Institutions
Millions of dollars
Reserve Bank credit, related items, and                         Averages of daily figures         Wednesday  
reserve balances of depository institutions at             Week ended   Change from week ended    Nov 9, 2011
Federal Reserve Banks                                      Nov 9, 2011  Nov 2, 2011 Nov 10, 2010
 
Reserve Bank credit                                        2,811,633   -    6,019   +  522,363    2,822,405
  Securities held outright (1)                             2,616,040   -    7,174   +  567,436    2,625,040
    U.S. Treasury securities                               1,659,111   -    7,174   +  811,225    1,668,111
      Bills (2)                                               18,423            0            0       18,423
      Notes and bonds, nominal (2)                         1,561,677   -    8,696   +  780,814    1,570,445
      Notes and bonds, inflation-indexed (2)                  69,053   +    1,343   +   26,075       69,252
      Inflation compensation (3)                               9,958   +      178   +    4,337        9,992
    Federal agency debt securities (2)                       107,668            0   -   42,013      107,668
    Mortgage-backed securities (4)                           849,261            0   -  201,776      849,261
  Repurchase agreements (5)                                        0            0            0            0
  Loans                                                       10,619   -      275   -   36,084       10,605
    Primary credit                                                 5   -       18   -        8            9
    Secondary credit                                               0            0   -        1            0
    Seasonal credit                                               24   -        8   +        5           24
    Credit extended to American International
       Group, Inc., net (6)                                        0            0   -   19,455            0
    Term Asset-Backed Securities Loan Facility (7)            10,591   -      247   -   16,624       10,571
    Other credit extensions                                        0            0            0            0
  Net portfolio holdings of Maiden Lane LLC (8)               12,972   +       33   -   15,538       12,979
  Net portfolio holdings of Maiden Lane II LLC (9)             9,336   -      117   -    6,943        9,337
  Net portfolio holdings of Maiden Lane III LLC (10)          18,049   +       30   -    5,192       18,154
  Net portfolio holdings of TALF LLC (11)                        794            0   +      172          794
  Preferred interests in AIA Aurora LLC and ALICO
     Holdings LLC (6)                                              0            0   -   26,057            0
  Float                                                         -808   +      109   +    1,020       -1,174
  Central bank liquidity swaps (12)                            1,945   +       92   +    1,885        1,960
  Other Federal Reserve assets (13)                          142,686   +    1,284   +   41,665      144,710
Gold stock                                                    11,041            0            0       11,041
Special drawing rights certificate account                     5,200            0            0        5,200
Treasury currency outstanding (14)                            44,152   +       14   +      687       44,152

Total factors supplying reserve funds                      2,872,026   -    6,004   +  523,051    2,882,797
 
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         Wednesday  
reserve balances of depository institutions at             Week ended   Change from week ended    Nov 9, 2011
Federal Reserve Banks                                      Nov 9, 2011  Nov 2, 2011 Nov 10, 2010
 
Currency in circulation (14)                               1,052,149   +    6,813   +   81,185    1,056,940
Reverse repurchase agreements (15)                            93,082   +    2,081   +   38,037       87,648
  Foreign official and international accounts                 93,082   +    2,081   +   38,037       87,648
  Others                                                           0            0            0            0
Treasury cash holdings                                           111   -       11   -       63          112
Deposits with F.R. Banks, other than reserve balances         89,400   -   11,541   -  140,043       78,248
  Term deposits held by depository institutions                    0            0            0            0
  U.S. Treasury, General Account                              37,029   -   20,746   +   15,444       24,193
  U.S. Treasury, Supplementary Financing Account                   0            0   -  199,958            0
  Foreign official                                               125   -        4   -    1,751          125
  Service-related                                              2,505   -        3   +      140        2,505
    Required clearing balances                                 2,505   -        3   +      140        2,505
    Adjustments to compensate for float                            0            0            0            0
  Other                                                       49,741   +    9,211   +   46,082       51,425
Funds from American International Group, Inc. asset
   dispositions, held as agent (6)                                 0            0   -   26,217            0
Other liabilities and capital (16)                            68,664   +      169   -    4,783       68,716

Total factors, other than reserve balances,
   absorbing reserve funds                                 1,303,406   -    2,489   -   51,884    1,291,664

Reserve balances with Federal Reserve Banks                1,568,620   -    3,515   +  574,935    1,591,133
 
Note: Components may not sum to totals because of rounding.

1. Includes securities lent to dealers under the overnight securities lending facility; 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. As a result of the closing of the American International Group, Inc. (AIG) recapitalization plan on
   January 14, 2011, the credit extended to AIG was fully repaid and the Federal Reserve's commitment to lend
   any further funds was terminated. In addition, the Federal Reserve Bank of New York (FRBNY) has been paid
   in full for its preferred interests in AIA Aurora LLC and ALICO Holdings LLC. The funds from AIG asset
   dispositions that FRBNY held as agent were the source of repayment of the credit extended to AIG, as well
   as a portion of the FRBNY's preferred interests in ALICO Holdings LLC. The remaining FRBNY preferred
   interests in ALICO Holdings LLC and AIA Aurora LLC, valued at approximately $20 billion, were purchased by
   AIG through a draw on the Treasury's Series F preferred stock commitment and then transferred by AIG to
   the Treasury as consideration for the draw on the available Series F funds.
7. Includes credit extended by the Federal Reserve Bank of New York to eligible borrowers through the Term
   Asset-Backed Securities Loan Facility.
8. Refer to table 4 and the note on consolidation accompanying table 9.
9.  Refer to table 5 and the note on consolidation accompanying table 9.
10. Refer to table 6 and the note on consolidation accompanying table 9.
11. Refer to table 7 and the note on consolidation accompanying table 9.
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, and the fair value adjustment to credit extended by the FRBNY to eligible borrowers through the
    Term Asset-Backed Securities Loan Facility. Before the closing of the AIG recapitalization plan on
    January 14, 2011, included accrued dividends on the FRBNY's preferred interests in AIA Aurora LLC and
    ALICO Holdings LLC.
14. Estimated.
15. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt
    securities, and mortgage-backed securities.
16. 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 9. Also includes the liability for interest on Federal Reserve notes due to U.S.
    Treasury. Refer to table 8 and table 9.

Sources: Federal Reserve Banks and the U.S. Department of the Treasury.

 
1A. Memorandum Items
Millions of dollars
                                                                Averages of daily figures         Wednesday  
                                                           Week ended   Change from week ended    Nov 9, 2011
Memorandum item                                            Nov 9, 2011  Nov 2, 2011 Nov 10, 2010
 
Marketable securities held in custody for foreign
   official and international accounts (1)                 3,442,649   +   47,158   +  106,603    3,441,965
  U.S. Treasury securities                                 2,720,230   +   45,771   +  116,327    2,718,683
  Federal agency securities (2)                              722,419   +    1,387   -    9,724      723,282
Securities lent to dealers                                    10,972   -      184   +    5,202       10,329
  Overnight facility (3)                                      10,972   -      184   +    5,202       10,329
    U.S. Treasury securities                                   9,924   -      347   +    5,241        9,224
    Federal agency debt securities                             1,047   +      161   -       40        1,105
 
Note: Components may not sum to totals because of rounding.

1. Face value of the securities. Includes U.S. Treasury STRIPS and other zero-coupon bonds at face value and
   mortgage-backed securities at original face value.
2. Includes debt and mortgage-backed securities.
3. Fully collateralized by U.S. Treasury securities.

 
2. Maturity Distribution of Securities, Loans, and Selected Other Assets and Liabilities,   November 9, 2011
Millions of dollars
                                       Within 15    16 days to   91 days to  Over 1 year  Over 5 years    Over 10        All     
Remaining maturity                        days       90 days       1 year     to 5 years   to 10 years     years    
 
Loans (1)                                     10           24        4,144        6,427            0           ...       10,605
U.S. Treasury securities (2)
  Holdings                                13,865       27,502      115,533      679,270      612,962       218,979    1,668,111
  Weekly changes                      -    6,285   +    6,285   +        2   +        4   +    9,642    +    4,267   +   13,916
Federal agency debt securities (3)
  Holdings                                 1,759        4,411       19,596       63,409       16,146         2,347      107,668
  Weekly changes                      +    1,588   -    1,588            0            0            0             0            0
Mortgage-backed securities (4)
  Holdings                                     0            0            0           12           23       849,225      849,261
  Weekly changes                               0            0            0            0   +        2    -        2            0
Asset-backed securities held by
   TALF LLC (5)                                0            0            0            0            0             0            0
Repurchase agreements (6)                      0            0          ...          ...          ...           ...            0
Central bank liquidity swaps (7)             507        1,453            0            0            0             0        1,960

Reverse repurchase agreements (6)         87,648            0          ...          ...          ...           ...       87,648
Term deposits                                  0            0            0          ...          ...           ...            0
 
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.

 
3. Supplemental Information on Mortgage-Backed Securities
Millions of dollars
                                                                                                                        Wednesday   
Account name                                                                                                            Nov 9, 2011 
 
Mortgage-backed securities held outright (1)                                                                             849,261

Commitments to buy mortgage-backed securities (2)                                                                         31,500
Commitments to sell mortgage-backed securities (2)                                                                             0

Cash and cash equivalents (3)                                                                                                  0
 
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 8 and table 9.

 
4. Information on Principal Accounts of Maiden Lane LLC
Millions of dollars
                                                                                                                        Wednesday   
Account name                                                                                                            Nov 9, 2011 
 
Net portfolio holdings of Maiden Lane LLC (1)                                                                             12,979

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                  9,882
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                         748
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3)                              1,375
 
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, 2011. 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 9.
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 8 and table 9.

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 9, 2011 
 
Net portfolio holdings of Maiden Lane II LLC (1)                                                                           9,337

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                  6,368
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                         557
Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc. (3)                    1,101
 
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, 2011. 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 9.
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
   8 and table 9.

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 9, 2011 
 
Net portfolio holdings of Maiden Lane III LLC (1)                                                                         18,154

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                  9,739
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                         674
Outstanding principal amount and accrued interest on loan payable to American International Group, Inc. (3)                5,516
 
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, 2011. 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 9.
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 8 and table 9.

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   
Account name                                                                                                            Nov 9, 2011 
 
Asset-backed securities holdings (1)                                                                                           0
Other investments, net                                                                                                       794
Net portfolio holdings of TALF LLC                                                                                           794

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)                                        109
 
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 9.
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 8 and table 9.

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.

 
8. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of dollars
                                                       Eliminations from  Wednesday         Change since       
                                                        consolidation    Nov 9, 2011   Wednesday    Wednesday  
Assets, liabilities, and capital                                                       Nov 2, 2011 Nov 10, 2010
 
Assets
  Gold certificate account                                                  11,037             0            0
  Special drawing rights certificate account                                 5,200             0            0
  Coin                                                                       2,296    -        5   +      153
  Securities, repurchase agreements, and loans                           2,635,645    +   13,682   +  535,210
    Securities held outright (1)                                         2,625,040    +   13,916   +  571,281
      U.S. Treasury securities                                           1,668,111    +   13,916   +  815,070
        Bills (2)                                                           18,423             0            0
        Notes and bonds, nominal (2)                                     1,570,445    +   12,332   +  784,430
        Notes and bonds, inflation-indexed (2)                              69,252    +    1,390   +   26,274
        Inflation compensation (3)                                           9,992    +      194   +    4,367
      Federal agency debt securities (2)                                   107,668             0   -   42,013
      Mortgage-backed securities (4)                                       849,261             0   -  201,776
    Repurchase agreements (5)                                                    0             0            0
    Loans                                                                   10,605    -      235   -   36,071
  Net portfolio holdings of Maiden Lane LLC (6)                             12,979    +        8   -   15,539
  Net portfolio holdings of Maiden Lane II LLC (7)                           9,337    +        1   -    6,943
  Net portfolio holdings of Maiden Lane III LLC (8)                         18,154    +      123   -    5,167
  Net portfolio holdings of TALF LLC (9)                                       794             0   +      172
  Preferred interests in AIA Aurora LLC and ALICO
     Holdings LLC (10)                                                           0             0   -   26,057
  Items in process of collection                             (99)              307    -      124   +       40
  Bank premises                                                              2,179    +        1   -       45
  Central bank liquidity swaps (11)                                          1,960    +      107   +    1,900
  Other assets (12)                                                        142,529    +    3,942   +   42,937

Total assets                                                 (99)        2,842,417    +   17,734   +  526,659
 
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.

 
8. Consolidated Statement of Condition of All Federal Reserve Banks (continued)
Millions of dollars
                                                       Eliminations from  Wednesday         Change since       
                                                        consolidation    Nov 9, 2011   Wednesday    Wednesday  
Assets, liabilities, and capital                                                       Nov 2, 2011 Nov 10, 2010
 
Liabilities
  Federal Reserve notes, net of F.R. Bank holdings                       1,015,192    +    6,749   +   81,441
  Reverse repurchase agreements (13)                                        87,648    -   36,864   +   32,560
  Deposits                                                    (0)        1,669,380    +   46,978   +  443,867
    Term deposits held by depository institutions                                0             0            0
    Other deposits held by depository institutions                       1,593,637    +   71,878   +  586,819
    U.S. Treasury, General Account                                          24,193    -   39,708   +   15,926
    U.S. Treasury, Supplementary Financing Account                               0             0   -  199,958
    Foreign official                                                           125    -        1   -    1,659
    Other                                                     (0)           51,425    +   14,809   +   42,740
  Deferred availability cash items                           (99)            1,481    +       73   -      724
  Other liabilities and accrued dividends (14)                              16,609    +      783   -   26,046

Total liabilities                                            (99)        2,790,310    +   17,719   +  531,097

Capital accounts
  Capital paid in                                                           26,053    +        7   -      674
  Surplus                                                                   26,053    +        7   +      143
  Other capital accounts                                                         0             0   -    3,908

Total capital                                                               52,107    +       15   -    4,438
 
Note: Components may not sum to totals because of rounding.

1. Includes securities lent to dealers under the overnight securities lending facility; 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 4 and the note on consolidation accompanying table 9.
7. Refer to table 5 and the note on consolidation accompanying table 9.
8. Refer to table 6 and the note on consolidation accompanying table 9.
9.  Refer to table 7 and the note on consolidation accompanying table 9.
10. As a result of the closing of the AIG recapitalization plan on January 14, 2011, the Federal Reserve Bank
    of New York has been paid in full for its	preferred interests in AIA Aurora LLC and ALICO Holdings LLC. A
    portion of the preferred interests was redeemed by AIG with the funds from AIG asset dispositions that were
    held as agent by the Federal Reserve.
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
    and the fair value adjustment to credit extended by the Federal Reserve Bank of New York (FRBNY) to
    eligible borrowers through the Term Asset-Backed Securities Loan Facility. Before the closing of the AIG
    recapitalization plan on January 14, 2011, included accrued dividends on the FRBNY's preferred interests in
    AIA Aurora LLC and ALICO Holdings LLC.
13. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt
    securities, and mortgage-backed securities.
14. 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 9. Also includes the liability for interest on Federal Reserve notes due to U.S.
    Treasury. Before the closing of the AIG recapitalization plan on January 14, 2011, included funds from
    American International Group, Inc. asset dispositions, held as agent.


 
9. Statement of Condition of Each Federal Reserve Bank,   November 9, 2011
Millions of dollars
                                               Total      Boston     New York   Philadelphia Cleveland   Richmond     Atlanta     Chicago    St. Louis  Minneapolis   Kansas      Dallas        San    
Assets, liabilities, and capital                                                                                                                                       City                  Francisco 
 
Assets
  Gold certificate account                      11,037         390       3,866         432         450         872       1,394         854         319         197         318         728       1,217
  Special drawing rights certificate acct.       5,200         196       1,818         210         237         412         654         424         150          90         153         282         574
  Coin                                           2,296          58          86         163         170         395         206         337          33          58         171         239         380
  Securities, repurchase agreements,
     and loans                               2,635,645      64,540   1,231,328      89,924      70,909     303,165     195,157     155,893      49,686      40,350      69,842     103,821     261,030
    Securities held outright (1)             2,625,040      64,540   1,220,756      89,924      70,908     303,165     195,152     155,889      49,684      40,343      69,827     103,821     261,030
      U.S. Treasury securities               1,668,111      41,013     775,743      57,143      45,059     192,650     124,012      99,062      31,572      25,636      44,373      65,974     165,874
        Bills (2)                               18,423         453       8,567         631         498       2,128       1,370       1,094         349         283         490         729       1,832
        Notes and bonds (3)                  1,649,688      40,560     767,176      56,512      44,561     190,522     122,642      97,967      31,224      25,353      43,883      65,245     164,043
      Federal agency debt securities (2)       107,668       2,647      50,070       3,688       2,908      12,435       8,004       6,394       2,038       1,655       2,864       4,258      10,706
      Mortgage-backed securities (4)           849,261      20,880     394,943      29,092      22,940      98,081      63,136      50,434      16,074      13,052      22,591      33,588      84,449
    Repurchase agreements (5)                        0           0           0           0           0           0           0           0           0           0           0           0           0
    Loans                                       10,605           0      10,572           0           1           0           5           4           2           7          14           0           0
  Net portfolio holdings of Maiden
     Lane LLC (6)                               12,979           0      12,979           0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of Maiden
     Lane II LLC (7)                             9,337           0       9,337           0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of Maiden
     Lane III LLC (8)                           18,154           0      18,154           0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of TALF LLC (9)           794           0         794           0           0           0           0           0           0           0           0           0           0
  Preferred interests in AIA Aurora LLC
     and ALICO Holdings LLC (10)                     0           0           0           0           0           0           0           0           0           0           0           0           0
  Items in process of collection                   407          34           0          55          69           7          35          28           7          11           5          16         140
  Bank premises                                  2,179         122         257          67         126         233         214         205         134         105         259         245         211
  Central bank liquidity swaps (11)              1,960          68         568         190         145         402         112          50          16          61          18          30         302
  Other assets (12)                            142,529       3,791      61,363       6,665       5,107      18,893      10,169       7,548       2,424       2,638       3,332       5,008      15,591
  Interdistrict settlement account                   0   +   5,463   + 252,104   -  10,296   -       2   - 137,538   -  30,604   -  14,673   -   7,298   -  15,888   -  18,675   +   2,530   -  25,122

Total assets                                 2,842,516      74,662   1,592,653      87,409      77,211     186,841     177,337     150,666      45,470      27,622      55,423     112,899     254,323
 
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.

 
9. Statement of Condition of Each Federal Reserve Bank,   November 9, 2011 (continued)
Millions of dollars
                                               Total      Boston     New York   Philadelphia Cleveland   Richmond     Atlanta     Chicago    St. Louis  Minneapolis   Kansas      Dallas        San    
Assets, liabilities, and capital                                                                                                                                       City                  Francisco 
 
Liabilities
  Federal Reserve notes outstanding          1,182,464      43,802     399,706      46,380      54,598      95,510     145,953      90,277      33,805      21,024      34,882      80,798     135,728
    Less: Notes held by F.R. Banks             167,272       5,295      45,163       6,797       9,684      11,614      25,860      12,801       4,263       5,454       3,689      11,463      25,189
      Federal Reserve notes, net             1,015,192      38,507     354,543      39,583      44,915      83,896     120,093      77,476      29,542      15,570      31,193      69,335     110,539
  Reverse repurchase agreements (13)            87,648       2,155      40,760       3,002       2,368      10,123       6,516       5,205       1,659       1,347       2,331       3,467       8,716
  Deposits                                   1,669,380      31,796   1,169,265      39,496      25,443      80,809      47,138      65,904      13,567      10,034      21,103      38,915     125,910
    Term deposits held by depository
       institutions                                  0           0           0           0           0           0           0           0           0           0           0           0           0
    Other deposits held by depository
       institutions                          1,593,637      31,791   1,093,747      39,491      25,440      80,652      47,136      65,870      13,566      10,031      21,096      38,914     125,901
    U.S. Treasury, General Account              24,193           0      24,193           0           0           0           0           0           0           0           0           0           0
    U.S. Treasury, Supplementary
       Financing Account                             0           0           0           0           0           0           0           0           0           0           0           0           0
    Foreign official                               125           1          97           4           3           8           2           1           0           1           0           1           6
    Other                                       51,425           3      51,228           0           0         148           0          33           1           2           6           0           3
  Deferred availability cash items               1,581          96           0         217         217          44          83         116          58         301          79          76         294
  Interest on Federal Reserve notes due
     to U.S. Treasury (14)                         614          36         -84          36          23         142          97          91          27          16          48          59         124
  Other liabilities and accrued
     dividends (15)                             15,995         186      12,569         259         269         706         424         350         166         135         160         251         519

Total liabilities                            2,790,410      72,776   1,577,054      82,593      73,235     175,720     174,351     149,143      45,018      27,402      54,914     112,102     246,101

Capital
  Capital paid in                               26,053         943       7,799       2,408       1,988       5,560       1,493         761         226         110         254         398       4,111
  Surplus                                       26,053         943       7,799       2,408       1,988       5,560       1,493         761         226         110         254         398       4,111
  Other capital                                      0           0           0           0           0           0           0           0           0           0           0           0           0

Total liabilities and capital                2,842,516      74,662   1,592,653      87,409      77,211     186,841     177,337     150,666      45,470      27,622      55,423     112,899     254,323
 
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.

9. Statement of Condition of Each Federal Reserve Bank,   November 9, 2011 (continued)
1. Includes securities lent to dealers under the overnight securities lending facility; 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 4 and the note on consolidation below.
7. Refer to table 5 and the note on consolidation below.
8. Refer to table 6 and the note on consolidation below.
9.  Refer to table 7 and the note on consolidation below.
10. As a result of the closing of the AIG recapitalization plan on January 14, 2011, the Federal Reserve Bank of New York has been paid in full for its preferred interests in AIA Aurora LLC and ALICO
    Holdings LLC. A portion of the preferred interests was redeemed by AIG with the funds from AIG asset dispositions that were held as agent by the Federal Reserve.
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 and the fair value adjustment to credit extended by the Federal Reserve Bank of New York
    (FRBNY) to eligible	borrowers through the Term Asset-Backed Securities Loan Facility. Before the closing of the AIG recapitalization plan on January 14, 2011, included accrued dividends on the
    FRBNY's preferred interests in AIA Aurora LLC and ALICO Holdings LLC.
13. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.
14. Represents the estimated weekly remittances to U.S Treasury as interest on Federal Reserve notes or, in those cases where the Reserve Bank's net earnings are not sufficient to equate surplus to
    capital paid-in, the deferred asset for interest on Federal Reserve notes. The amount of any deferred asset, which is presented as a negative amount in this line, represents the amount of the
    Federal Reserve Bank's earnings that must be retained before remittances to the U.S. Treasury resume. The amounts on this line are calculated in accordance with Board of Governors policy, which
    requires the Federal Reserve Banks to remit residual earnings to the U.S. Treasury as interest on Federal Reserve notes after providing for the costs of operations, payment of dividends, and the
    amount necessary to equate surplus with capital paid-in.
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 below. Before the closing of the AIG recapitalization plan on January 14,
    2011, included funds from American International Group, Inc. asset dispositions, held as agent.


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 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 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 8), 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 8).

 
10. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts
Millions of dollars
                                                                                            Wednesday   
Federal Reserve notes and collateral                                                        Nov 9, 2011 
 
Federal Reserve notes outstanding                                                          1,182,464
  Less: Notes held by F.R. Banks not subject to collateralization                            167,272
    Federal Reserve notes to be collateralized                                             1,015,192
Collateral held against Federal Reserve notes                                              1,015,192
  Gold certificate account                                                                    11,037
  Special drawing rights certificate account                                                   5,200
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   998,955
  Other assets pledged                                                                             0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                     2,625,040
  Less: Face value of securities under reverse repurchase agreements                          75,073
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged      2,549,967
 
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 securities lending facility; refer to table
   1A.