FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and

Condition Statement of Federal Reserve Banks September 15, 2011

1. Factors Affecting Reserve Balances of Depository Institutions

Millions of dollars

Averages of daily figures Wednesday

Sep 14, 2011 Week ended

Sep 14, 2011

Change from week ended

 Sep 7, 2011 Sep 15, 2010

Reserve Bank credit, related items, and

reserve balances of depository institutions at

Federal Reserve Banks

Reserve Bank credit 2,844,469 + 3,647 + 555,176 2,846,894

Securities held outright1 2,651,764 + 2,466 + 602,022 2,653,681

U.S. Treasury securities 1,657,043 + 2,466 + 865,019 1,658,960

Bills2 18,423 0 0 18,423

Notes and bonds, nominal2 1,562,359 + 2,451 + 835,864 1,564,270

Notes and bonds, inflation-indexed2 66,754 0 + 25,078 66,754

Inflation compensation3 9,507 + 15 + 4,076 9,513

Federal agency debt securities2 109,776 0 - 46,336 109,776

Mortgage-backed securities4 884,945 0 - 216,661 884,945

Repurchase agreements5 0 0 0 0

Loans 11,660 - 12 - 41,134 11,628

Primary credit 19 + 17 - 10 68

Secondary credit 0 0 0 0

Seasonal credit 76 - 2 - 3 76

Credit extended to American International

Group, Inc., net6 0 0 - 19,877 0

Term Asset-Backed Securities Loan Facility7 11,565 - 27 - 21,242 11,484

Other credit extensions 0 0 0 0

Net portfolio holdings of Maiden Lane LLC8 18,259 + 25 - 10,721 18,269

Net portfolio holdings of Maiden Lane II LLC9 9,957 - 20 - 5,858 9,959

Net portfolio holdings of Maiden Lane III LLC10 21,415 + 76 - 1,587 21,465

Net portfolio holdings of TALF LLC11 775 0 + 200 775

Preferred interests in AIA Aurora LLC and ALICO

Holdings LLC6 0 0 - 25,733 0

Float -1,120 - 16 + 727 -1,386

Central bank liquidity swaps12 0 0 - 61 0

Other Federal Reserve assets13 131,760 + 1,130 + 37,321 132,503

Gold stock 11,041 0 0 11,041

Special drawing rights certificate account 5,200 0 0 5,200

Treasury currency outstanding14 44,120 + 14 + 729 44,120

Total factors supplying reserve funds 2,904,829 + 3,661 + 555,904 2,907,254

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

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

Millions of dollars

Averages of daily figures Wednesday

Sep 14, 2011 Week ended

Sep 14, 2011

Change from week ended

 Sep 7, 2011 Sep 15, 2010

Reserve Bank credit, related items, and

reserve balances of depository institutions at

Federal Reserve Banks

Currency in circulation14 1,040,687 - 1,228 + 88,442 1,039,955

Reverse repurchase agreements15 98,062 - 5,366 + 37,654 94,116

Foreign official and international accounts 98,062 - 5,366 + 37,654 94,116

Others 0 0 0 0

Treasury cash holdings 109 - 14 - 133 109

Deposits with F.R. Banks, other than reserve balances 77,089 + 8,450 - 159,604 84,224

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

U.S. Treasury, General Account 13,766 - 6,426 - 8,575 16,083

U.S. Treasury, Supplementary Financing Account 0 0 - 199,960 0

Foreign official 2,399 - 2,037 0 2,630

Service-related 2,522 + 48 + 93 2,522

Required clearing balances 2,522 + 48 + 93 2,522

Adjustments to compensate for float 0 0 0 0

Other 58,403 + 16,866 + 50,959 62,990

Funds from American International Group, Inc. asset

dispositions, held as agent6 0 0 0 0

Other liabilities and capital16 70,879 - 297 - 1,483 70,711

Total factors, other than reserve balances,

absorbing reserve funds 1,286,826 + 1,545 - 35,123 1,289,114

Reserve balances with Federal Reserve Banks 1,618,004 + 2,117 + 591,028 1,618,140

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.
H.4.1

1A. Memorandum Items

Millions of dollars

Averages of daily figures Wednesday

Sep 14, 2011 Week ended

Sep 14, 2011

Change from week ended

 Sep 7, 2011 Sep 15, 2010

Memorandum item

Marketable securities held in custody for foreign

official and international accounts1 3,475,122 - 2,439 + 265,400 3,463,335

U.S. Treasury securities 2,743,246 - 1,038 + 329,593 2,729,920

Federal agency securities2 731,876 - 1,401 - 64,193 733,416

Securities lent to dealers 11,028 - 580 + 3,811 11,147

Overnight facility3 11,028 - 580 + 3,811 11,147

U.S. Treasury securities 10,467 - 631 + 4,599 10,622

Federal agency debt securities 561 + 52 - 788 525

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, September 14, 2011

Millions of dollars

Within 15

days

16 days to

90 days

91 days to

1 year

Over 1 year

to 5 years

Over 5 years

to 10 years

Over 10

years

Remaining maturity All

Loans1 77 67 3,910 7,574 0 ... 11,628

U.S. Treasury securities2

Holdings 12,138 24,233 127,127 715,189 583,081 197,192 1,658,960

Weekly changes - 2,503 + 2,503 + 1 + 3 + 3,350 + 7 + 3,361

Federal agency debt securities3

Holdings 1,508 2,359 18,699 64,718 20,145 2,347 109,776

Weekly changes 0 0 0 0 0 0 0

Mortgage-backed securities4

Holdings 0 0 0 15 22 884,908 884,945

Weekly changes 0 0 0 0 0 0 0

Asset-backed securities held by

TALF LLC5 0 0 0 0 0 0 0

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

Central bank liquidity swaps7 0 0 0 0 0 0 0

Reverse repurchase agreements6 94,116 0 ... ... ... ... 94,116

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.
H.4.1

3. Supplemental Information on Mortgage-Backed Securities Purchase Program

Millions of dollars

Wednesday

Sep 14, 2011 Account name

Mortgage-backed securities held outright1 884,945

Commitments to buy mortgage-backed securities2 0

Commitments to sell mortgage-backed securities2 0

Cash and cash equivalents3 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

Sep 14, 2011 Account name

Net portfolio holdings of Maiden Lane LLC1 18,269

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2 15,061

Accrued interest payable to the Federal Reserve Bank of New York2 734

Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co.3 1,364

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

orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of June 30, 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

Sep 14, 2011 Account name

Net portfolio holdings of Maiden Lane II LLC1 9,959

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2 6,654

Accrued interest payable to the Federal Reserve Bank of New York2 543

Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc.3 1,096

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

orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of June 30, 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.
H.4.1

6. Information on Principal Accounts of Maiden Lane III LLC

Millions of dollars

Wednesday

Sep 14, 2011 Account name

Net portfolio holdings of Maiden Lane III LLC1 21,465

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2 10,536

Accrued interest payable to the Federal Reserve Bank of New York2 654

Outstanding principal amount and accrued interest on loan payable to American International Group, Inc.3 5,489

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

orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of June 30, 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

Sep 14, 2011 Account name

Asset-backed securities holdings1 0

Other investments, net 775

Net portfolio holdings of TALF LLC 775

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

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

Funding provided by U.S. Treasury to TALF LLC, including accrued interest payable3 108

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.
H.4.1

8. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Eliminations from

consolidation

Wednesday

Sep 14, 2011

Change since

Wednesday

 Sep 7, 2011

Wednesday

Sep 15, 2010

Assets, liabilities, and capital

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 5,200 0 0

Coin 2,213 + 18 + 127

Securities, repurchase agreements, and loans 2,665,309 + 3,327 + 571,313

Securities held outright1 2,653,681 + 3,361 + 612,282

U.S. Treasury securities 1,658,960 + 3,361 + 864,314

Bills2 18,423 0 0

Notes and bonds, nominal2 1,564,270 + 3,345 + 835,247

Notes and bonds, inflation-indexed2 66,754 0 + 24,986

Inflation compensation3 9,513 + 16 + 4,081

Federal agency debt securities2 109,776 0 - 44,743

Mortgage-backed securities4 884,945 0 - 207,289

Repurchase agreements5 0 0 0

Loans 11,628 - 33 - 40,970

Net portfolio holdings of Maiden Lane LLC6 18,269 + 12 - 10,169

Net portfolio holdings of Maiden Lane II LLC7 9,959 + 3 - 5,861

Net portfolio holdings of Maiden Lane III LLC8 21,465 + 59 - 1,556

Net portfolio holdings of TALF LLC9 775 0 + 200

Preferred interests in AIA Aurora LLC and ALICO

Holdings LLC10 0 0 - 25,733

Items in process of collection (110) 249 - 82 - 52

Bank premises 2,184 + 1 - 42

Central bank liquidity swaps11 0 0 - 61

Other assets12 130,315 + 1,494 + 39,460

Total assets (110) 2,866,975 + 4,831 + 567,627

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

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

Millions of dollars

Eliminations from

consolidation

Wednesday

Sep 14, 2011

Change since

Wednesday

 Sep 7, 2011

Wednesday

Sep 15, 2010

Assets, liabilities, and capital

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 998,153 - 3,372 + 86,896

Reverse repurchase agreements13 94,116 - 8,640 + 34,192

Deposits (0) 1,702,361 + 17,176 + 447,915

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

Other deposits held by depository institutions 1,620,658 + 10,421 + 686,058

U.S. Treasury, General Account 16,083 - 6,758 - 98,485

U.S. Treasury, Supplementary Financing Account 0 0 - 199,960

Foreign official 2,630 - 612 - 162

Other (0) 62,990 + 14,125 + 62,583

Deferred availability cash items (110) 1,635 - 563 - 633

Other liabilities and accrued dividends14 18,807 + 230 + 3,878

Total liabilities (110) 2,815,071 + 4,830 + 572,247

Capital accounts

Capital paid in 25,952 + 1 - 721

Surplus 25,952 + 1 + 89

Other capital accounts 0 0 - 3,988

Total capital 51,904 + 1 - 4,620

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.
H.4.1

9. Statement of Condition of Each Federal Reserve Bank, September 14, 2011Millions of dollars

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

Assets, liabilities, and capital

Assets

Gold certificate account 11,037 390 3,866 432 450 872 1,394 854 319 Special drawing rights certificate acct. 5,200 196 1,818 210 237 412 654 424 150 Coin 2,213 54 73 163 160 369 204 334 38 Securities, repurchase agreements,

and loans 2,665,309 65,246 1,245,560 90,905 71,683 306,482 197,288 157,602 50,250 

Securities held outright1 2,653,681 65,245 1,234,076 90,905 71,681 306,473 197,282 157,590 50,226 

U.S. Treasury securities 1,658,960 40,788 771,488 56,829 44,812 191,593 123,331 98,518 31,399 

Bills2 18,423 453 8,567 631 498 2,128 1,370 1,094 349 Notes and bonds3 1,640,537 40,335 762,920 56,198 44,314 189,465 121,962 97,424 31,050 

Federal agency debt securities2 109,776 2,699 51,051 3,760 2,965 12,678 8,161 6,519 2,078 

Mortgage-backed securities4 884,945 21,758 411,537 30,315 23,904 102,202 65,789 52,553 16,749 

Repurchase agreements5 0 0 0 0 0 0 0 0 0 Loans 11,628 1 11,484 0 2 9 6 12 24 

Net portfolio holdings of Maiden

Lane LLC6 18,269 0 18,269 0 0 0 0 0 0 

Net portfolio holdings of Maiden

Lane II LLC7 9,959 0 9,959 0 0 0 0 0 0 

Net portfolio holdings of Maiden

Lane III LLC8 21,465 0 21,465 0 0 0 0 0 0 

Net portfolio holdings of TALF LLC9 775 0 775 0 0 0 0 0 0 

Preferred interests in AIA Aurora LLC

and ALICO Holdings LLC10 0 0 0 0 0 0 0 0 0 

Items in process of collection 359 25 0 51 106 7 35 32 7 Bank premises 2,184 123 256 67 126 235 214 205 135 Central bank liquidity swaps11 0 0 0 0 0 0 0 0 0 Other assets12 130,315 3,492 55,680 6,177 4,787 17,532 9,268 6,817 2,201 Interdistrict settlement account 0 + 217 + 201,826 - 4,263 + 6,708 - 104,697 - 33,471 - 14,768 - 7,958 - 

Total assets 2,867,086 69,742 1,559,545 93,742 84,256 221,212 175,586 151,500 45,142 

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

9. Statement of Condition of Each Federal Reserve Bank, September 14, 2011 (continued)Millions of dollars

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

Assets, liabilities, and capital

Liabilities

Federal Reserve notes outstanding 1,163,042 43,281 390,622 46,510 55,134 95,581 145,294 90,758 33,988 

Less: Notes held by F.R. Banks 164,888 5,614 43,986 6,937 8,111 12,065 24,970 13,378 4,370 

Federal Reserve notes, net 998,153 37,666 346,636 39,573 47,023 83,516 120,324 77,379 29,618 

Reverse repurchase agreements13 94,116 2,314 43,768 3,224 2,542 10,869 6,997 5,589 1,781 

Deposits 1,702,361 27,568 1,139,089 45,701 30,207 114,754 44,649 66,456 13,028 

Term deposits held by depository

institutions 0 0 0 0 0 0 0 0 0 

Other deposits held by depository

institutions 1,620,658 27,560 1,057,585 45,697 30,203 114,646 44,644 66,427 13,003 

U.S. Treasury, General Account 16,083 0 16,083 0 0 0 0 0 0 U.S. Treasury, Supplementary

Financing Account 0 0 0 0 0 0 0 0 0 

Foreign official 2,630 1 2,601 4 3 8 2 1 0 Other 62,990 7 62,820 0 1 100 2 28 24 

Deferred availability cash items 1,746 80 0 229 228 72 98 110 59 Interest on Federal Reserve notes due

to U.S. Treasury14 1,368 34 717 26 20 124 102 90 27 

Other liabilities and accrued

dividends15 17,439 193 13,754 269 272 755 462 390 178 

Total liabilities 2,815,182 67,857 1,543,964 89,021 80,292 210,091 172,632 150,015 44,691 Capital

Capital paid in 25,952 943 7,791 2,360 1,982 5,560 1,477 743 225 Surplus 25,952 943 7,791 2,360 1,982 5,560 1,477 743 225 Other capital 0 0 0 0 0 0 0 0 0 

Total liabilities and capital 2,867,086 69,742 1,559,545 93,742 84,256 221,212 175,586 151,500 45,142 

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

9. Statement of Condition of Each Federal Reserve Bank, September 14, 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 securitie4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the underlying mort5. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.6. 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 inte

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 Res

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 centr

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 

of New York (FRBNY) to eligible	borrowers through the Term Asset-Backed Securities Loan Facility. Before the closing of the AIG recapitalization plan on Janudividends 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 

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 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 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 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 Y

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 recapitincluded 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 Resewas extended to Maiden Lane LLC, which was formed to acquire certain assets of Bear Stearns. On November 25, 2008, a loan was extended to Maiden Lane III multi-sector collateralized debt obligations on which the Financial Products group of the American International Group, Inc. has written credit default swap contractwas extended to Maiden Lane II LLC, which was formed to purchase residential mortgage-backed securities from the U.S. securities lending reinvestment portfolio International Group, Inc. On November 25, 2008, the Federal Reserve Board authorized the FRBNY to extend credit to TALF LLC, which was formed to purchase securities received by the FRBNY in connection with the decision of a borrower not to repay a loan extended under the Term Asset-Backed Securities Loan FacilitThe FRBNY is the primary beneficiary of TALF LLC, because of the two beneficiaries of the LLC, the FRBNY and the U.S. Treasury, the FRBNY is primarily respoTALF LLC. The FRBNY is the primary beneficiary of the other LLCs cited above because it will receive a majority of any residual returns of the LLCs and absorb a Consistent with generally accepted accounting principles, the assets and liabilities of these LLCs have been consolidated with the assets and liabilities of the FRBNcondition shown on this release. As a consequence of the consolidation, the extensions of credit from the FRBNY to the LLCs are eliminated, the net assets of the (and in table 1 and table 8), and the liabilities of the LLCs to entities other than the FRBNY, including those with recourse only to the portfolio holdings of the LLCsin this table (and table 1 and table 8).
H.4.1

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

Millions of dollars

Wednesday

Sep 14, 2011 Federal Reserve notes and collateral

Federal Reserve notes outstanding 1,163,042

Less: Notes held by F.R. Banks not subject to collateralization 164,888

Federal Reserve notes to be collateralized 998,153

Collateral held against Federal Reserve notes 998,153

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 981,916

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 2,653,681

Less: Face value of securities under reverse repurchase agreements 81,472

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 2,572,209

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.