FEDERAL RESERVE statistical release
H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
                                                                                            November 26, 2010
 
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 24, 2010
Federal Reserve Banks                                     Nov 24, 2010 Nov 17, 2010 Nov 25, 2009
 
Reserve Bank credit                                        2,317,457   +   24,277   +  127,469    2,328,427
  Securities held outright (1)                             2,078,354   +   24,218   +  293,325    2,087,219
    U.S. Treasury securities                                 891,518   +   32,338   +  114,986      901,238
      Bills (2)                                               18,423            0            0       18,423
      Notes and bonds, nominal (2)                           823,956   +   31,920   +  116,307      832,126
      Notes and bonds, inflation-indexed (2)                  43,479   +      386   -    1,164       44,876
      Inflation compensation (3)                               5,660   +       32   -      158        5,814
    Federal agency debt securities (2)                       148,761   -      626   -    4,864      148,178
    Mortgage-backed securities (4)                         1,038,075   -    7,494   +  183,203    1,037,803
  Repurchase agreements (5)                                        0            0            0            0
  Term auction credit                                              0            0   -  101,009            0
  Other loans                                                 46,332   -      233   -   62,152       46,685
    Primary credit                                               158   +      133   -   19,774        1,039
    Secondary credit                                               0            0            0            0
    Seasonal credit                                               23   +        3   -       46           26
    Asset-Backed Commercial Paper Money Market
       Mutual Fund Liquidity Facility                              0            0            0            0
    Credit extended to American International
       Group, Inc., net (6)                                   19,989   +      338   -   24,954       19,916
    Term Asset-Backed Securities Loan Facility (7)            26,161   -      709   -   17,378       25,703
    Other credit extensions                                        0            0            0            0
  Net portfolio holdings of Commercial Paper
     Funding Facility LLC (8)                                      0            0   -   15,042            0
  Net portfolio holdings of Maiden Lane LLC (9)               27,531   -      561   +    1,181       27,550
  Net portfolio holdings of Maiden Lane II LLC (10)           16,286   +        5   +      509       16,291
  Net portfolio holdings of Maiden Lane III LLC (11)          23,340   +       16   +      388       23,344
  Net portfolio holdings of TALF LLC (12)                        644   +       22   +      378          647
  Preferred interests in AIA Aurora LLC and ALICO
     Holdings LLC (13)                                        26,057            0   +   26,057       26,057
  Float                                                       -1,609   +      324   -        9       -1,832
  Central bank liquidity swaps (14)                               60   -        4   -   25,751           60
  Other Federal Reserve assets (15)                          100,464   +      491   +    9,597      102,406
Gold stock                                                    11,041            0            0       11,041
Special drawing rights certificate account                     5,200            0            0        5,200
Treasury currency outstanding (16)                            43,511   +       14   +      887       43,511

Total factors supplying reserve funds                      2,377,209   +   24,291   +  128,356    2,388,179
 
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 24, 2010
Federal Reserve Banks                                     Nov 24, 2010 Nov 17, 2010 Nov 25, 2009
 
Currency in circulation (16)                                 974,331   +      774   +   54,394      978,562
Reverse repurchase agreements (17)                            56,878   +    2,133   -    1,247       54,709
  Foreign official and international accounts                 56,878   +    2,133   -    1,247       54,709
  Others                                                           0            0            0            0
Treasury cash holdings                                           193   +       25   -       40          197
Deposits with F.R. Banks, other than reserve balances        234,891   -    6,103   +  186,006      229,800
  Term deposits held by depository institutions                    0            0            0            0
  U.S. Treasury, general account                              29,391   +    7,604   +    3,487       24,037
  U.S. Treasury, supplementary financing account             199,960   +        1   +  184,961      199,960
  Foreign official                                             2,771   +    1,119   -      392        3,010
  Service-related                                              2,366            0   -      670        2,366
    Required clearing balances                                 2,366            0   -      670        2,366
    Adjustments to compensate for float                            0            0            0            0
  Other                                                          403   -   14,827   -    1,379          427
Funds from American International Group, Inc. asset
   dispositions, held as agent (18)                           26,774   +       13   +   26,774       26,774
Other liabilities and capital (19)                            73,051   +      146   +    7,643       72,627

Total factors, other than reserve balances,
   absorbing reserve funds                                 1,366,118   -    3,012   +  273,530    1,362,670

Reserve balances with Federal Reserve Banks                1,011,091   +   27,303   -  145,174    1,025,509
 
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.

 
1A. Memorandum Items
Millions of dollars
                                                                Averages of daily figures         Wednesday  
                                                           Week ended   Change from week ended   Nov 24, 2010
Memorandum item                                           Nov 24, 2010 Nov 17, 2010 Nov 25, 2009
 
Marketable securities held in custody for foreign
   official and international accounts (1)                 3,341,417   +      504   +  416,116    3,336,459
  U.S. Treasury securities                                 2,608,311   -    2,250   +  449,946    2,602,096
  Federal agency securities (2)                              733,106   +    2,754   -   33,831      734,363
Securities lent to dealers                                     8,471   +    3,504   +    2,310        7,426
  Overnight facility (3)                                       8,471   +    3,504   +    2,310        7,426
    U.S. Treasury securities                                   7,500   +    3,842   +    2,390        6,363
    Federal agency debt securities                               971   -      338   -       79        1,063
  Term facility (4)                                                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,  November 24, 2010
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    
 
Other loans (1)                            1,065            0            0       45,619            0           ...       46,685
U.S. Treasury securities (2)
  Holdings                                16,386       17,188       54,509      387,219      276,741       149,195      901,238
  Weekly changes                      -    3,520   +    3,520            0   +    7,974   +   17,536    +    2,109   +   27,620
Federal agency debt securities (3)
  Holdings                                     0        4,059       38,210       72,965       30,597         2,347      148,178
  Weekly changes                      -      816   +      246   +    1,342   -    1,588            0             0   -      816
Mortgage-backed securities (4)
  Holdings                                     0            0            0           26           21     1,037,756    1,037,803
  Weekly changes                               0            0            0            0            0    -      475   -      475
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)              60            0            0            0            0             0           60

Reverse repurchase agreements (6)         54,709            0          ...          ...          ...           ...       54,709
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 Purchase Program
Millions of dollars
                                                                                                                        Wednesday   
Account name                                                                                                           Nov 24, 2010 
 
Mortgage-backed securities held outright (1)                                                                           1,037,803

Commitments to buy mortgage-backed securities (2)                                                                              0
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 9 and table 10.

 
4. Information on Principal Accounts of Maiden Lane LLC
Millions of dollars
                                                                                                                        Wednesday   
Account name                                                                                                           Nov 24, 2010 
 
Net portfolio holdings of Maiden Lane LLC (1)                                                                             27,550

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                 25,975
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                         598
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3)                              1,308
 
1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to
   be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of
   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   
Account name                                                                                                           Nov 24, 2010 
 
Net portfolio holdings of Maiden Lane II LLC (1)                                                                          16,291

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                 13,254
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                         435
Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc. (3)                    1,068
 
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.

 
6. Information on Principal Accounts of Maiden Lane III LLC
Millions of dollars
                                                                                                                        Wednesday   
Account name                                                                                                           Nov 24, 2010 
 
Net portfolio holdings of Maiden Lane III LLC (1)                                                                         23,344

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                 13,922
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                         528
Outstanding principal amount and accrued interest on loan payable to American International Group, Inc. (3)                5,348
 
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   
Account name                                                                                                           Nov 24, 2010 
 
Asset-backed securities holdings (1)                                                                                           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 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)                                        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.

 
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   
Account name                                                                                                           Nov 24, 2010 
 
Preferred interests in AIA Aurora LLC and ALICO Holdings LLC (1)                                                          26,057
Accrued dividends on preferred interests in AIA Aurora LLC and ALICO Holdings LLC (2)                                        200

Preferred interests in AIA Aurora LLC (1)                                                                                 16,676
Accrued dividends on preferred interests in AIA Aurora LLC (2)                                                               128

Preferred interests in ALICO Holdings LLC (1)                                                                              9,380
Accrued dividends on preferred interests in ALICO Holdings LLC (2)                                                            72
 
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.

 
9. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of dollars
                                                       Eliminations from  Wednesday         Change since       
                                                        consolidation   Nov 24, 2010   Wednesday    Wednesday  
Assets, liabilities, and capital                                                      Nov 17, 2010 Nov 25, 2009
 
Assets
  Gold certificate account                                                  11,037             0            0
  Special drawing rights certificate account                                 5,200             0            0
  Coin                                                                       2,091    -       33   +       75
  Securities, repurchase agreements, term auction
     credit, and other loans                                             2,133,903    +   26,010   +  139,590
    Securities held outright (1)                                         2,087,219    +   26,329   +  303,493
      U.S. Treasury securities                                             901,238    +   27,620   +  124,703
        Bills (2)                                                           18,423             0            0
        Notes and bonds, nominal (2)                                       832,126    +   25,808   +  124,477
        Notes and bonds, inflation-indexed (2)                              44,876    +    1,629   +      233
        Inflation compensation (3)                                           5,814    +      183   -        7
      Federal agency debt securities (2)                                   148,178    -      816   -    6,888
      Mortgage-backed securities (4)                                     1,037,803    -      475   +  185,679
    Repurchase agreements (5)                                                    0             0            0
    Term auction credit                                                          0             0   -  101,009
    Other loans                                                             46,685    -      318   -   62,893
  Net portfolio holdings of Commercial Paper
     Funding Facility LLC (6)                                                    0             0   -   15,046
  Net portfolio holdings of Maiden Lane LLC (7)                             27,550    +       22   +    1,189
  Net portfolio holdings of Maiden Lane II LLC (8)                          16,291    +        6   +      446
  Net portfolio holdings of Maiden Lane III LLC (9)                         23,344    +        5   +      383
  Net portfolio holdings of TALF LLC (10)                                      647    +       25   +      381
  Preferred interests in AIA Aurora LLC and ALICO
     Holdings LLC (11)                                                      26,057             0   +   26,057
  Items in process of collection                             (96)              243    -      106   -      396
  Bank premises                                                              2,226    +        1            0
  Central bank liquidity swaps (12)                                             60    -        5   -   25,751
  Other assets (13)                                                        100,138    +    5,147   +   12,291

Total assets                                                 (96)        2,348,788    +   31,072   +  139,221
 
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.

 
9. Consolidated Statement of Condition of All Federal Reserve Banks (continued)
Millions of dollars
                                                       Eliminations from  Wednesday         Change since       
                                                        consolidation   Nov 24, 2010   Wednesday    Wednesday  
Assets, liabilities, and capital                                                      Nov 17, 2010 Nov 25, 2009
 
Liabilities
  Federal Reserve notes, net of F.R. Bank holdings                         937,336    +    4,959   +   54,302
  Reverse repurchase agreements (14)                                        54,709    +      510   -    3,774
  Deposits                                                    (0)        1,255,266    +   25,607   +   54,531
    Term deposits held by depository institutions                                0             0            0
    Other deposits held by depository institutions                       1,027,832    +   38,966   -  140,738
    U.S. Treasury, general account                                          24,037    -   14,668   +   11,040
    U.S. Treasury, supplementary financing account                         199,960    +        1   +  184,961
    Foreign official                                                         3,010    +    1,269   +      884
    Other                                                     (0)              427    +       40   -    1,615
  Deferred availability cash items                           (96)            2,076    -      233   -      205
  Other liabilities and accrued dividends (15)                              42,638    -      222   +   30,418

Total liabilities                                            (96)        2,292,025    +   30,621   +  135,271

Capital accounts
  Capital paid in                                                           26,792    +       53   +    1,369
  Surplus                                                                   25,921    +        6   +    4,481
  Other capital accounts                                                     4,050    +      392   -    1,901

Total capital                                                               56,763    +      451   +    3,949
 
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.


 
10. Statement of Condition of Each Federal Reserve Bank,  November 24, 2010
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         369       4,038         404         463         846       1,385         887         324         203         296         652       1,170
  Special drawing rights certificate acct.       5,200         196       1,818         210         237         412         654         424         150          90         153         282         574
  Coin                                           2,091          59          70         167         154         329         180         325          30          57         151         224         344
  Securities, repurchase agreements,
     term auction credit, and other
     loans                                   2,133,903      52,830     897,315      48,745      70,915     237,712     197,509     157,362      54,780      28,587      71,606      87,646     228,897
    Securities held outright (1)             2,087,219      52,821     851,696      48,743      70,915     237,712     197,509     157,348      53,763      28,574      71,600      87,643     228,897
      U.S. Treasury securities                 901,238      22,807     367,753      21,047      30,620     102,641      85,282      67,941      23,214      12,338      30,916      37,843      98,835
        Bills (2)                               18,423         466       7,517         430         626       2,098       1,743       1,389         475         252         632         774       2,020
        Notes and bonds (3)                    882,815      22,341     360,235      20,616      29,994     100,543      83,539      66,552      22,740      12,086      30,284      37,070      96,815
      Federal agency debt securities (2)       148,178       3,750      60,464       3,460       5,034      16,876      14,022      11,171       3,817       2,029       5,083       6,222      16,250
      Mortgage-backed securities (4)         1,037,803      26,263     423,479      24,236      35,260     118,195      98,205      78,236      26,732      14,207      35,601      43,578     113,812
    Repurchase agreements (5)                        0           0           0           0           0           0           0           0           0           0           0           0           0
    Term auction credit                              0           0           0           0           0           0           0           0           0           0           0           0           0
    Other loans                                 46,685          10      45,619           2           0           0           0          14       1,017          13           6           3           0
  Net portfolio holdings of Commercial
     Paper Funding Facility LLC (6)                  0           0           0           0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of Maiden
     Lane LLC (7)                               27,550           0      27,550           0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of Maiden
     Lane II LLC (8)                            16,291           0      16,291           0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of Maiden
     Lane III LLC (9)                           23,344           0      23,344           0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of TALF LLC (10)          647           0         647           0           0           0           0           0           0           0           0           0           0
  Preferred interests in AIA Aurora LLC
     and ALICO Holdings LLC (11)                26,057           0      26,057           0           0           0           0           0           0           0           0           0           0
  Items in process of collection                   339          12           0          77          78           8          16          39          15           7          21          34          32
  Bank premises                                  2,226         128         255          69         141         239         218         210         135         108         265         246         213
  Central bank liquidity swaps (12)                 60           2          17           7           4          17           4           1           1           2           0           1           4
  Other assets (13)                            100,138       2,845      37,891       4,669       4,434      15,623       8,580       6,167       2,152       1,753       2,750       3,475       9,798
  Interdistrict settlement account                   0   -   3,528   + 150,486   +  22,146   -  15,790   -  34,843   -  41,985   -  30,324   -  15,232   -   3,489   -  12,409   +      45   -  15,078

Total assets                                 2,348,885      52,914   1,185,781      76,494      60,637     220,342     166,561     135,092      42,355      27,316      62,834      92,605     225,954
 
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.

 
10. Statement of Condition of Each Federal Reserve Bank,  November 24, 2010 (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          1,126,073      41,150     385,631      45,612      45,837      89,618     142,815      86,939      32,599      20,105      33,483      76,246     126,036
    Less: Notes held by F.R. Banks             188,736       4,256      73,213       5,012       7,051      12,961      23,701      11,606       4,287       5,656       3,203      11,028      26,762
      Federal Reserve notes, net               937,336      36,893     312,418      40,600      38,787      76,657     119,114      75,333      28,312      14,449      30,280      65,218      99,274
  Reverse repurchase agreements (14)            54,709       1,385      22,324       1,278       1,859       6,231       5,177       4,124       1,409         749       1,877       2,297       6,000
  Deposits                                   1,255,266      12,471     795,995      28,463      15,318     123,957      38,385      53,622      11,897       9,977      29,883      23,873     111,426
    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                          1,027,832      12,447     568,752      28,459      15,315     123,846      38,382      53,604      11,893       9,973      29,881      23,872     111,408
    U.S. Treasury, general account              24,037           0      24,037           0           0           0           0           0           0           0           0           0           0
    U.S. Treasury, supplementary
       financing account                       199,960           0     199,960           0           0           0           0           0           0           0           0           0           0
    Foreign official                             3,010           1       2,981           4           3          11           2           1           0           1           0           1           3
    Other                                          427          22         264           0           1         101           0          16           3           3           1           0          15
  Deferred availability cash items               2,172          74           0         230         518          86         110         151          61         358         106          97         381
  Other liabilities and accrued
     dividends (15)                             42,638         195      38,989         249         264         725         500         402         180         143         178         255         557

Total liabilities                            2,292,121      51,018   1,169,727      70,820      56,745     207,657     163,285     133,632      41,859      25,677      62,324      91,740     217,638

Capital
  Capital paid in                               26,792         916       7,678       2,863       1,928       5,439       1,555         671         214         819         227         400       4,080
  Surplus                                       25,921         946       7,715       2,804       1,911       7,141       1,581         621         239         712         210         353       1,688
  Other capital                                  4,050          34         660           6          53         104         140         168          43         109          73         112       2,549

Total liabilities and capital                2,348,885      52,914   1,185,781      76,494      60,637     220,342     166,561     135,092      42,355      27,316      62,834      92,605     225,954
 
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.

10. Statement of Condition of Each Federal Reserve Bank,  November 24, 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 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 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 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 below. Also includes 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 9), and the liabilities of the LLCs to entities other than the FRBNY, including those with recourse only to the portfolio holdings of
the LLCs, are included in other liabilities in this table (and table 1 and table 9).

 
11. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts
Millions of dollars
                                                                                            Wednesday   
Federal Reserve notes and collateral                                                       Nov 24, 2010 
 
Federal Reserve notes outstanding                                                          1,126,073
  Less: Notes held by F.R. Banks not subject to collateralization                            188,736
    Federal Reserve notes to be collateralized                                               937,336
Collateral held against Federal Reserve notes                                                937,336
  Gold certificate account                                                                    11,037
  Special drawing rights certificate account                                                   5,200
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   921,099
  Other assets pledged                                                                             0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                     2,087,219
  Less: Face value of securities under reverse repurchase agreements                          48,877
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged      2,038,342
 
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.