FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and

Condition Statement of Federal Reserve Banks December 9, 2010

1. Factors Affecting Reserve Balances of Depository Institutions

Millions of dollars

Averages of daily figures Wednesday

 Dec 8, 2010 Week ended

 Dec 8, 2010

Change from week ended

 Dec 1, 2010 Dec 9, 2009

Reserve Bank credit, related items, and

reserve balances of depository institutions at

Federal Reserve Banks

Reserve Bank credit 2,351,576 + 33,693 + 183,712 2,364,435

Securities held outright1 2,108,062 + 30,168 + 321,774 2,120,443

U.S. Treasury securities 937,231 + 32,332 + 160,681 949,612

Bills2 18,423 0 0 18,423

Notes and bonds, nominal2 868,103 + 32,320 + 160,454 880,479

Notes and bonds, inflation-indexed2 44,876 0 + 233 44,876

Inflation compensation3 5,829 + 12 - 7 5,835

Federal agency debt securities2 148,178 0 - 7,350 148,178

Mortgage-backed securities4 1,022,653 - 2,164 + 168,443 1,022,653

Repurchase agreements5 0 0 0 0

Term auction credit 0 0 - 85,832 0

Other loans 46,162 - 629 - 38,317 45,942

Primary credit 38 - 153 - 19,312 25

Secondary credit 0 0 - 31 0

Seasonal credit 27 0 - 5 27

Asset-Backed Commercial Paper Money Market

Mutual Fund Liquidity Facility 0 0 0 0

Credit extended to American International

Group, Inc., net6 20,717 - 205 - 66 20,510

Term Asset-Backed Securities Loan Facility7 25,380 - 271 - 18,904 25,380

Other credit extensions 0 0 0 0

Net portfolio holdings of Commercial Paper

Funding Facility LLC8 0 0 - 14,600 0

Net portfolio holdings of Maiden Lane LLC9 27,606 + 43 + 1,138 27,634

Net portfolio holdings of Maiden Lane II LLC10 16,243 - 61 + 635 16,120

Net portfolio holdings of Maiden Lane III LLC11 23,202 - 144 + 592 23,096

Net portfolio holdings of TALF LLC12 648 + 1 + 382 647

Preferred interests in AIA Aurora LLC and ALICO

Holdings LLC13 26,057 0 + 1,057 26,057

Float -1,825 - 117 + 319 -2,081

Central bank liquidity swaps14 60 0 - 16,447 60

Other Federal Reserve assets15 105,362 + 4,433 + 13,011 106,516

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding16 43,539 + 14 + 851 43,539

Total factors supplying reserve funds 2,411,355 + 33,707 + 184,562 2,424,215

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

 Dec 8, 2010 Week ended

 Dec 8, 2010

Change from week ended

 Dec 1, 2010 Dec 9, 2009

Reserve Bank credit, related items, and

reserve balances of depository institutions at

Federal Reserve Banks

Currency in circulation16 976,366 - 1,703 + 55,082 978,770

Reverse repurchase agreements17 50,616 - 4,241 - 7,171 50,019

Foreign official and international accounts 50,616 - 4,241 - 7,069 50,019

Others 0 0 - 103 0

Treasury cash holdings 194 - 3 - 33 185

Deposits with F.R. Banks, other than reserve balances 233,668 - 7,558 + 179,805 236,546

Term deposits held by depository institutions 5,113 + 5,113 + 5,113 5,113

U.S. Treasury, general account 21,184 - 14,194 - 10,609 19,589

U.S. Treasury, supplementary financing account 199,959 0 + 184,960 199,959

Foreign official 3,026 + 42 + 592 3,160

Service-related 2,360 - 5 - 772 2,361

Required clearing balances 2,360 - 5 - 772 2,361

Adjustments to compensate for float 0 0 0 0

Other 2,026 + 1,486 + 522 6,364

Funds from American International Group, Inc. asset

dispositions, held as agent18 26,774 0 + 26,774 26,774

Other liabilities and capital19 73,067 + 422 + 5,966 72,997

Total factors, other than reserve balances,

absorbing reserve funds 1,360,685 - 13,083 + 260,422 1,365,291

Reserve balances with Federal Reserve Banks 1,050,671 + 46,791 - 75,860 1,058,924

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

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

2. Face value of the securities.

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

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

the underlying mortgages.

5. Cash value of agreements.

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

Excludes credit extended to consolidated LLCs.

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

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

Funding Facility LLC.

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

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

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

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

13.Refer to table 8.

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

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

foreign central bank.

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

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

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

16.Estimated.

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

18.Pending the closing of the recapitalization plan announced by American International Group, Inc. (AIG) on September 30, 2010, the cash proceeds

from the disposition of certain AIG assets will be held by the FRBNY as agent. At the closing of the recapitalization plan, the proceeds will be used

first to repay in full the credit extended to AIG by the FRBNY under the revolving credit facility and then to retire a portion of the FRBNY’s preferred

interests in AIA Aurora LLC and ALICO Holdings LLC (preferred interests). Alternatively, if the recapitalization plan is terminated under the terms of

the plan, then the proceeds from the initial public offering of AIA and the sale of ALICO will be used to redeem the preferred interests in accordance

with the AIA Aurora LLC	and ALICO Holdings LLC limited liability company agreements, and any excess proceeds from these transactions, as well

as proceeds from the disposition of other assets, will be used to repay the credit extended to AIG under the revolving credit facility.

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

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

on consolidation accompanying table 10.

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

1A. Memorandum Items

Millions of dollars

Averages of daily figures Wednesday

 Dec 8, 2010 Week ended

 Dec 8, 2010

Change from week ended

 Dec 1, 2010 Dec 9, 2009

Memorandum item

Marketable securities held in custody for foreign

official and international accounts1 3,340,597 - 284 + 396,954 3,338,902

U.S. Treasury securities 2,609,005 + 1,108 + 437,513 2,607,915

Federal agency securities2 731,592 - 1,391 - 40,559 730,987

Securities lent to dealers 10,367 + 2,361 + 2,030 10,830

Overnight facility3 10,367 + 2,361 + 2,030 10,830

U.S. Treasury securities 9,229 + 2,470 + 1,811 9,618

Federal agency debt securities 1,139 - 108 + 220 1,212

Term facility4 0 0 0 0

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

1. Face value of the securities. Includes U.S. Treasury STRIPS 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.

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

2. Maturity Distribution of Securities, Loans, and Selected Other Assets and Liabilities, December 8, 2010

Millions of dollars

Within 15

days

16 days to

90 days

91 days to

1 year

Over 1 year

to 5 years

Over 5 years

to 10 years

Over 10

years

Remaining maturity All

Other loans1 25 27 0 45,890 0 ... 45,942

U.S. Treasury securities2

Holdings 13,098 22,509 53,562 409,792 297,233 153,418 949,612

Weekly changes - 2,503 + 2,504 + 1 + 11,814 + 18,295 + 2,050 + 32,161

Federal agency debt securities3

Holdings 718 4,211 37,340 72,965 30,597 2,347 148,178

Weekly changes + 424 - 424 0 0 0 0 0

Mortgage-backed securities4

Holdings 0 0 0 25 21 1,022,607 1,022,653

Weekly changes 0 0 0 0 + 1 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 60 0 0 0 0 0 60

Reverse repurchase agreements6 50,019 0 ... ... ... ... 50,019

Term deposits 0 5,113 0 ... ... ... 5,113

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

 Dec 8, 2010 Account name

Mortgage-backed securities held outright1 1,022,653

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 9 and table 10.

4. Information on Principal Accounts of Maiden Lane LLC

Millions of dollars

Wednesday

 Dec 8, 2010 Account name

Net portfolio holdings of Maiden Lane LLC1 27,634

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2 25,975

Accrued interest payable to the Federal Reserve Bank of New York2 605

Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co.3 1,310

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, 2010. Any assets purchased after

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

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

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

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

table 9 and table 10.

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

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

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

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

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

FRBNY.

5. Information on Principal Accounts of Maiden Lane II LLC

Millions of dollars

Wednesday

 Dec 8, 2010 Account name

Net portfolio holdings of Maiden Lane II LLC1 16,120

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2 13,034

Accrued interest payable to the Federal Reserve Bank of New York2 441

Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc.3 1,069

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, 2010. Any assets purchased after

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

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

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

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

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

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

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

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

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

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

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

FRBNY and AIG subsidiaries.
H.4.1

6. Information on Principal Accounts of Maiden Lane III LLC

Millions of dollars

Wednesday

 Dec 8, 2010 Account name

Net portfolio holdings of Maiden Lane III LLC1 23,096

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2 13,526

Accrued interest payable to the Federal Reserve Bank of New York2 534

Outstanding principal amount and accrued interest on loan payable to American International Group, Inc.3 5,355

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, 2010. Any assets purchased after

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

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

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

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

table 9 and table 10.

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

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

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

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

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

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

AIG.

7. Information on Principal Accounts of TALF LLC

Millions of dollars

Wednesday

 Dec 8, 2010 Account name

Asset-backed securities holdings1 0

Other investments, net 647

Net portfolio holdings of TALF LLC 647

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 106

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

market on the measurement date.

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

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

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

and table 10.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

AIA Aurora LLC and ALICO Holdings LLC

Millions of dollars

Wednesday

 Dec 8, 2010 Account name

Preferred interests in AIA Aurora LLC and ALICO Holdings LLC1 26,057

Accrued dividends on preferred interests in AIA Aurora LLC and ALICO Holdings LLC2 246

Preferred interests in AIA Aurora LLC1 16,676

Accrued dividends on preferred interests in AIA Aurora LLC2 158

Preferred interests in ALICO Holdings LLC1 9,380

Accrued dividends on preferred interests in ALICO Holdings LLC2 89

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

1. Book value.

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

Note on preferred interests:

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

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

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

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

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

and conversion rights with respect to its preferred interests.

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

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

9. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Eliminations from

consolidation

Wednesday

 Dec 8, 2010

Change since

Wednesday

 Dec 1, 2010

Wednesday

 Dec 9, 2009

Assets, liabilities, and capital

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 5,200 0 0

Coin 2,116 + 23 + 79

Securities, repurchase agreements, term auction

credit, and other loans 2,166,385 + 31,254 + 209,243

Securities held outright1 2,120,443 + 32,161 + 333,431

U.S. Treasury securities 949,612 + 32,161 + 173,058

Bills2 18,423 0 0

Notes and bonds, nominal2 880,479 + 32,147 + 172,830

Notes and bonds, inflation-indexed2 44,876 0 + 233

Inflation compensation3 5,835 + 15 - 5

Federal agency debt securities2 148,178 0 - 7,967

Mortgage-backed securities4 1,022,653 0 + 168,340

Repurchase agreements5 0 0 0

Term auction credit 0 0 - 85,832

Other loans 45,942 - 908 - 38,356

Net portfolio holdings of Commercial Paper

Funding Facility LLC6 0 0 - 14,027

Net portfolio holdings of Maiden Lane LLC7 27,634 + 33 + 1,143

Net portfolio holdings of Maiden Lane II LLC8 16,120 - 217 + 549

Net portfolio holdings of Maiden Lane III LLC9 23,096 - 256 + 475

Net portfolio holdings of TALF LLC10 647 - 1 + 381

Preferred interests in AIA Aurora LLC and ALICO

Holdings LLC11 26,057 0 + 1,057

Items in process of collection (93) 243 - 68 - 153

Bank premises 2,217 + 2 - 17

Central bank liquidity swaps12 60 0 - 16,445

Other assets13 104,271 + 4,617 + 13,211

Total assets (93) 2,385,084 + 35,388 + 195,498

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

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

Millions of dollars

Eliminations from

consolidation

Wednesday

 Dec 8, 2010

Change since

Wednesday

 Dec 1, 2010

Wednesday

 Dec 9, 2009

Assets, liabilities, and capital

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 937,528 + 1,137 + 54,333

Reverse repurchase agreements14 50,019 - 2,843 - 6,497

Deposits (0) 1,295,441 + 35,768 + 114,327

Term deposits held by depository institutions 5,113 + 5,113 + 5,113

Other deposits held by depository institutions 1,061,256 + 50,413 - 45,413

U.S. Treasury, general account 19,589 - 25,883 - 35,775

U.S. Treasury, supplementary financing account 199,959 0 + 184,960

Foreign official 3,160 + 206 + 844

Other (0) 6,364 + 5,919 + 4,598

Deferred availability cash items (93) 2,324 + 282 - 139

Other liabilities and accrued dividends15 42,807 + 98 + 28,660

Total liabilities (93) 2,328,120 + 34,444 + 190,685

Capital accounts

Capital paid in 26,786 - 6 + 1,161

Surplus 25,933 + 23 + 4,476

Other capital accounts 4,245 + 928 - 825

Total capital 56,964 + 945 + 4,812

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

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

2. Face value of the securities.

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

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

underlying mortgages.

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

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

Funding Facility LLC.

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

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

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

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

11.Refer to table 8.

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

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

central bank.

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

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

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

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

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

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

the note on consolidation accompanying table 10. Also includes funds from American International Group, Inc. asset dispositions, held as agent.
H.4.1

10. Statement of Condition of Each Federal Reserve Bank, December 8, 2010Millions of dollars

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

Assets, liabilities, and capital

Assets

Gold certificate account 11,037 369 4,038 404 463 846 1,385 887 324 Special drawing rights certificate acct. 5,200 196 1,818 210 237 412 654 424 150 Coin 2,116 55 72 167 158 335 185 329 29 Securities, repurchase agreements,

term auction credit, and otherloans 2,166,385 53,667 911,143 49,529 72,044 241,496 200,652 159,857 54,619 

Securities held outright1 2,120,443 53,661 865,253 49,518 72,044 241,496 200,652 159,852 54,619 

U.S. Treasury securities 949,612 24,032 387,492 22,176 32,264 108,151 89,860 71,588 24,460 

Bills2 18,423 466 7,517 430 626 2,098 1,743 1,389 475 Notes and bonds3 931,189 23,565 379,975 21,746 31,638 106,052 88,116 70,199 23,986 

Federal agency debt securities2 148,178 3,750 60,464 3,460 5,034 16,876 14,022 11,171 3,817 

Mortgage-backed securities4 1,022,653 25,880 417,297 23,882 34,745 116,469 96,771 77,094 26,342 

Repurchase agreements5 0 0 0 0 0 0 0 0 0 Term auction credit 0 0 0 0 0 0 0 0 0 Other loans 45,942 6 45,890 11 0 0 0 4 0 

Net portfolio holdings of Commercial

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

Net portfolio holdings of Maiden

Lane LLC7 27,634 0 27,634 0 0 0 0 0 0 

Net portfolio holdings of Maiden

Lane II LLC8 16,120 0 16,120 0 0 0 0 0 0 

Net portfolio holdings of Maiden

Lane III LLC9 23,096 0 23,096 0 0 0 0 0 0 

Net portfolio holdings of TALF LLC10 647 0 647 0 0 0 0 0 0 

Preferred interests in AIA Aurora LLC

and ALICO Holdings LLC11 26,057 0 26,057 0 0 0 0 0 0 

Items in process of collection 336 14 0 54 78 10 32 46 11 Bank premises 2,217 127 252 68 140 239 217 209 135 Central bank liquidity swaps12 60 2 17 7 4 17 4 1 1 Other assets13 104,271 2,944 39,683 4,661 4,563 16,061 8,984 6,492 2,268 Interdistrict settlement account 0 + 5,802 + 155,054 + 21,331 - 18,780 - 14,936 - 43,680 - 33,972 - 14,670 - 

Total assets 2,385,177 63,177 1,205,632 76,432 58,908 244,480 168,433 134,273 42,866 

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

10. Statement of Condition of Each Federal Reserve Bank, December 8, 2010 (continued)Millions of dollars

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

Assets, liabilities, and capital

Liabilities

Federal Reserve notes outstanding 1,125,219 41,258 384,982 45,641 45,912 90,075 141,975 86,909 32,538 

Less: Notes held by F.R. Banks 187,690 4,408 71,178 5,209 7,016 13,015 22,446 11,888 4,358 

Federal Reserve notes, net 937,528 36,850 313,804 40,432 38,896 77,061 119,528 75,021 28,180 

Reverse repurchase agreements14 50,019 1,266 20,410 1,168 1,699 5,697 4,733 3,771 1,288 

Deposits 1,295,441 22,874 816,169 28,636 13,674 148,091 40,274 53,450 12,652 

Term deposits held by depository

institutions 5,113 20 1,978 800 15 414 12 17 5 

Other deposits held by depository

institutions 1,061,256 22,834 585,377 27,831 13,656 147,539 40,259 53,416 12,594 

U.S. Treasury, general account 19,589 0 19,589 0 0 0 0 0 0 U.S. Treasury, supplementary

financing account 199,959 0 199,959 0 0 0 0 0 0 

Foreign official 3,160 1 3,132 4 3 11 2 1 0 Other 6,364 18 6,136 1 0 127 0 16 52 

Deferred availability cash items 2,417 92 0 247 465 114 129 173 71 Other liabilities and accrued

dividends15 42,807 200 39,089 257 269 755 502 405 183 

Total liabilities 2,328,213 61,282 1,189,473 70,739 55,005 231,718 165,166 132,820 42,375 Capital

Capital paid in 26,786 916 7,676 2,868 1,923 5,439 1,549 673 214 Surplus 25,933 946 7,727 2,804 1,911 7,141 1,581 621 238 Other capital 4,245 33 756 20 71 182 136 159 39 

Total liabilities and capital 2,385,177 63,177 1,205,632 76,432 58,908 244,480 168,433 134,273 42,866 

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

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

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

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

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

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

that have recourse only to the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note on consolidation below. Also includes funds from Adispositions, 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 9), and the liabilities of the LLCs to entities other than the FRBNY, including those with recourse only to the portfolio holdings of the LLCsin this table (and table 1 and table 9).
H.4.1

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

Millions of dollars

Wednesday

 Dec 8, 2010 Federal Reserve notes and collateral

Federal Reserve notes outstanding 1,125,219

Less: Notes held by F.R. Banks not subject to collateralization 187,690

Federal Reserve notes to be collateralized 937,528

Collateral held against Federal Reserve notes 937,528

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 921,292

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 2,120,443

Less: Face value of securities under reverse repurchase agreements 48,939

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 2,071,504

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.