FEDERAL RESERVE statistical release
H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
                                                                                           September 29, 2011
 
1. Factors Affecting Reserve Balances of Depository Institutions
Millions of dollars
Reserve Bank credit, related items, and                         Averages of daily figures         Wednesday  
reserve balances of depository institutions at             Week ended   Change from week ended   Sep 28, 2011
Federal Reserve Banks                                     Sep 28, 2011 Sep 21, 2011 Sep 29, 2010
 
Reserve Bank credit                                        2,838,355   -    1,791   +  550,688    2,834,457
  Securities held outright (1)                             2,647,526   -    2,405   +  598,331    2,643,806
    U.S. Treasury securities                               1,663,600   +    1,565   +  854,668    1,664,655
      Bills (2)                                               18,423            0            0       18,423
      Notes and bonds, nominal (2)                         1,568,798   +    1,463   +  825,579    1,569,329
      Notes and bonds, inflation-indexed (2)                  66,825   +       71   +   24,978       67,254
      Inflation compensation (3)                               9,553   +       30   +    4,110        9,649
    Federal agency debt securities (2)                       108,268   -      194   -   45,837      108,268
    Mortgage-backed securities (4)                           875,659   -    3,775   -  210,499      870,883
  Repurchase agreements (5)                                        0            0            0            0
  Loans                                                       11,451   -      117   -   39,179       11,462
    Primary credit                                                29   +        6   +        4           40
    Secondary credit                                               0            0            0            0
    Seasonal credit                                               89   +        9   +       17           92
    Credit extended to American International
       Group, Inc., net (6)                                        0            0   -   19,309            0
    Term Asset-Backed Securities Loan Facility (7)            11,333   -      132   -   19,891       11,330
    Other credit extensions                                        0            0            0            0
  Net portfolio holdings of Maiden Lane LLC (8)               15,484   +       56   -   12,963       15,506
  Net portfolio holdings of Maiden Lane II LLC (9)             9,969   +       10   -    5,862        9,999
  Net portfolio holdings of Maiden Lane III LLC (10)          21,165   +       13   -    1,866       21,170
  Net portfolio holdings of TALF LLC (11)                        785   +        8   +      184          785
  Preferred interests in AIA Aurora LLC and ALICO
     Holdings LLC (6)                                              0            0   -   25,733            0
  Float                                                         -954   +       53   +      669       -1,023
  Central bank liquidity swaps (12)                              500   -       75   +      439          500
  Other Federal Reserve assets (13)                          132,428   +      665   +   36,667      132,253
Gold stock                                                    11,041            0            0       11,041
Special drawing rights certificate account                     5,200            0            0        5,200
Treasury currency outstanding (14)                            44,121   +       14   +      716       44,121

Total factors supplying reserve funds                      2,898,716   -    1,778   +  551,402    2,894,819
 
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   Sep 28, 2011
Federal Reserve Banks                                     Sep 28, 2011 Sep 21, 2011 Sep 29, 2010
 
Currency in circulation (14)                               1,035,770   -      983   +   83,847    1,038,076
Reverse repurchase agreements (15)                            83,879   -   11,437   +   21,350       82,815
  Foreign official and international accounts                 83,879   -   11,437   +   21,350       82,815
  Others                                                           0            0            0            0
Treasury cash holdings                                           114   +        5   -      116          124
Deposits with F.R. Banks, other than reserve balances        130,705   +    1,598   -  133,925       96,635
  Term deposits held by depository institutions                5,077   +    5,077   +    2,958        5,077
  U.S. Treasury, General Account                              55,718   -    9,197   -    1,858       44,942
  U.S. Treasury, Supplementary Financing Account                   0            0   -  199,961            0
  Foreign official                                               502   -    2,139   -    1,690          225
  Service-related                                              2,515   -        6   +      108        2,515
    Required clearing balances                                 2,515   -        6   +      108        2,515
    Adjustments to compensate for float                            0            0            0            0
  Other                                                       66,892   +    7,861   +   66,518       43,876
Funds from American International Group, Inc. asset
   dispositions, held as agent (6)                                 0            0            0            0
Other liabilities and capital (16)                            71,360   -       96   -    1,458       70,677

Total factors, other than reserve balances,
   absorbing reserve funds                                 1,321,828   -   10,913   -   30,303    1,288,328

Reserve balances with Federal Reserve Banks                1,576,888   +    9,135   +  581,705    1,606,490
 
Note: Components may not sum to totals because of rounding.

1. Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.
2. Face value of the securities.
3. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed
   securities.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the
   remaining principal balance of the underlying mortgages.
5. Cash value of agreements.
6. As a result of the closing of the American International Group, Inc. (AIG) recapitalization plan on
   January 14, 2011, the credit extended to AIG was fully repaid and the Federal Reserve's commitment to lend
   any further funds was terminated. In addition, the Federal Reserve Bank of New York (FRBNY) has been paid
   in full for its preferred interests in AIA Aurora LLC and ALICO Holdings LLC. The funds from AIG asset
   dispositions that FRBNY held as agent were the source of repayment of the credit extended to AIG, as well
   as a portion of the FRBNY's preferred interests in ALICO Holdings LLC. The remaining FRBNY preferred
   interests in ALICO Holdings LLC and AIA Aurora LLC, valued at approximately $20 billion, were purchased by
   AIG through a draw on the Treasury's Series F preferred stock commitment and then transferred by AIG to
   the Treasury as consideration for the draw on the available Series F funds.
7. Includes credit extended by the Federal Reserve Bank of New York to eligible borrowers through the Term
   Asset-Backed Securities Loan Facility.
8. Refer to table 4 and the note on consolidation accompanying table 9.
9.  Refer to table 5 and the note on consolidation accompanying table 9.
10. Refer to table 6 and the note on consolidation accompanying table 9.
11. Refer to table 7 and the note on consolidation accompanying table 9.
12. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when
    the foreign currency is returned to the foreign central bank. This exchange rate equals the market
    exchange rate used when the foreign currency was acquired from the foreign central bank.
13. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange
    rates, and the fair value adjustment to credit extended by the FRBNY to eligible borrowers through the
    Term Asset-Backed Securities Loan Facility. Before the closing of the AIG recapitalization plan on
    January 14, 2011, included accrued dividends on the FRBNY's preferred interests in AIA Aurora LLC and
    ALICO Holdings LLC.
14. Estimated.
15. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt
    securities, and mortgage-backed securities.
16. Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to
    entities other than the Federal Reserve Bank of New York, including liabilities that have recourse only
    to the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note on consolidation
    accompanying table 9. Also includes the liability for interest on Federal Reserve notes due to U.S.
    Treasury. Refer to table 8 and table 9.

Sources: Federal Reserve Banks and the U.S. Department of the Treasury.

 
1A. Memorandum Items
Millions of dollars
                                                                Averages of daily figures         Wednesday  
                                                           Week ended   Change from week ended   Sep 28, 2011
Memorandum item                                           Sep 28, 2011 Sep 21, 2011 Sep 29, 2010
 
Marketable securities held in custody for foreign
   official and international accounts (1)                 3,436,018   -   32,005   +  206,500    3,422,298
  U.S. Treasury securities                                 2,704,824   -   30,755   +  225,315    2,696,911
  Federal agency securities (2)                              731,194   -    1,250   -   18,815      725,387
Securities lent to dealers                                    11,345   +      940   +    3,974       13,823
  Overnight facility (3)                                      11,345   +      940   +    3,974       13,823
    U.S. Treasury securities                                  10,595   +      792   +    4,812       12,808
    Federal agency debt securities                               750   +      148   -      838        1,015
 
Note: Components may not sum to totals because of rounding.

1. Face value of the securities. Includes U.S. Treasury STRIPS and other zero-coupon bonds at face value and
   mortgage-backed securities at original face value.
2. Includes debt and mortgage-backed securities.
3. Fully collateralized by U.S. Treasury securities.

 
2. Maturity Distribution of Securities, Loans, and Selected Other Assets and Liabilities, September 28, 2011
Millions of dollars
                                       Within 15    16 days to   91 days to  Over 1 year  Over 5 years    Over 10        All     
Remaining maturity                        days       90 days       1 year     to 5 years   to 10 years     years    
 
Loans (1)                                    115           16        3,965        7,365            0           ...       11,462
U.S. Treasury securities (2)
  Holdings                                15,909       22,877      129,112      714,534      583,690       198,533    1,664,655
  Weekly changes                      -    3,520   +    3,520   +        1   +      211   +        4    +    1,334   +    1,550
Federal agency debt securities (3)
  Holdings                                     0        3,572       21,291       62,913       18,145         2,347      108,268
  Weekly changes                               0            0   +    3,693   -    3,693            0             0            0
Mortgage-backed securities (4)
  Holdings                                     0            0            0           14           22       870,848      870,883
  Weekly changes                               0            0            0            0            0    -    8,356   -    8,357
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)             500            0            0            0            0             0          500

Reverse repurchase agreements (6)         82,815            0          ...          ...          ...           ...       82,815
Term deposits                                  0        5,077            0          ...          ...           ...        5,077
 
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                                                                                                           Sep 28, 2011 
 
Mortgage-backed securities held outright (1)                                                                             870,883

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 8 and table 9.

 
4. Information on Principal Accounts of Maiden Lane LLC
Millions of dollars
                                                                                                                        Wednesday   
Account name                                                                                                           Sep 28, 2011 
 
Net portfolio holdings of Maiden Lane LLC (1)                                                                             15,506

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                 12,212
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                         738
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3)                              1,366
 
1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to
   be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of
        June 30, 2011. Any assets purchased after this valuation date are initially recorded at cost until their estimated fair
   value as of the purchase date becomes available.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent
   with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9.
3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities
   and accrued dividends in table 8 and table 9.

Note: On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended credit to Maiden Lane LLC under the authority of
section 13(3) of the Federal Reserve Act. This limited liability company was formed to acquire certain assets of Bear Stearns and to
manage those assets through time to maximize repayment of the credit extended and to minimize disruption to financial markets.
Payments by Maiden Lane LLC from the proceeds of the net portfolio holdings will be made in the following order: operating expenses
of the LLC, principal due to the FRBNY, interest due to the FRBNY, principal due to JPMorgan Chase & Co., and interest due to
JPMorgan Chase & Co. Any remaining funds will be paid to the FRBNY.

 
5. Information on Principal Accounts of Maiden Lane II LLC
Millions of dollars
                                                                                                                        Wednesday   
Account name                                                                                                           Sep 28, 2011 
 
Net portfolio holdings of Maiden Lane II LLC (1)                                                                           9,999

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                  6,654
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                         547
Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc. (3)                    1,097
 
1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to
   be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of
        June 30, 2011. Any assets purchased after this valuation date are initially recorded at cost until their estimated fair
   value as of the purchase date becomes available.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent
   with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9.
3. Book value. The deferred payment represents the portion of the proceeds of the net portfolio holdings due to subsidiaries of
   American International Group, Inc. in accordance with the asset purchase agreement. The fair value of this payment and accrued
   interest payable are included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table
   8 and table 9.

Note: On December 12, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden Lane II LLC under the
authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to purchase residential
mortgage-backed securities from the U.S. securities lending reinvestment portfolio of subsidiaries of American International Group,
Inc. (AIG subsidiaries). Payments by Maiden Lane II LLC from the proceeds of the net portfolio holdings will be made in the
following order: operating expenses of Maiden Lane II LLC, principal due to the FRBNY, interest due to the FRBNY, and deferred
payment and interest due to AIG subsidiaries. Any remaining funds will be shared by the FRBNY and AIG subsidiaries.

 
6. Information on Principal Accounts of Maiden Lane III LLC
Millions of dollars
                                                                                                                        Wednesday   
Account name                                                                                                           Sep 28, 2011 
 
Net portfolio holdings of Maiden Lane III LLC (1)                                                                         21,170

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                 10,221
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                         659
Outstanding principal amount and accrued interest on loan payable to American International Group, Inc. (3)                5,495
 
1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to
   be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of
        June 30, 2011. Any assets purchased after this valuation date are initially recorded at cost until their estimated fair
   value as of the purchase date becomes available.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent
   with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9.
3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities
   and accrued dividends in table 8 and table 9.

Note: On November 25, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden Lane III LLC under the
authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to purchase multi-sector
collateralized debt obligations (CDOs) on which the Financial Products group of American International Group, Inc. (AIG) has written
credit default swap (CDS) contracts. In connection with the purchase of CDOs, the CDS counterparties will concurrently unwind the
related CDS transactions. Payments by Maiden Lane III LLC from the proceeds of the net portfolio holdings will be made in the
following order: operating expenses of Maiden Lane III LLC, principal due to the FRBNY, interest due to the FRBNY, principal due to
AIG, and interest due to AIG. Any remaining funds will be shared by the FRBNY and AIG.

 
7. Information on Principal Accounts of TALF LLC
Millions of dollars
                                                                                                                        Wednesday   
Account name                                                                                                           Sep 28, 2011 
 
Asset-backed securities holdings (1)                                                                                           0
Other investments, net                                                                                                       785
Net portfolio holdings of TALF LLC                                                                                           785

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                      0
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                           0
Funding provided by U.S. Treasury to TALF LLC, including accrued interest payable (3)                                        109
 
1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to
   be conducted in an orderly market on the measurement date.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent
   with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9.
3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities
   and accrued dividends in table 8 and table 9.

Note: On November 25, 2008, the Federal Reserve announced the creation of the Term Asset-Backed Securities Loan Facility (TALF)
under the authority of section 13(3) of the Federal Reserve Act. The TALF is a facility under which the Federal Reserve Bank of New
York (FRBNY) extends loans with a term of up to five years to holders of eligible asset-backed securities. The TALF is intended to
assist financial markets in accommodating the credit needs of consumers and businesses by facilitating the issuance of asset-backed
securities collateralized by a variety of consumer and business loans. The loans provided through the TALF to eligible borrowers are
non-recourse, meaning that the obligation of the borrower can be discharged by surrendering the collateral to the FRBNY. The loans
are extended for the market value of the security less an amount known as a haircut. As a result, the borrower bears the initial
risk of a decline in the value of the security.

TALF LLC is a limited liability company formed to purchase and manage any asset-backed securities received by the FRBNY in
connection with the decision of a borrower not to repay a TALF loan. TALF LLC has committed, for a fee, to purchase all asset-backed
securities received by the FRBNY in conjunction with a TALF loan at a price equal to the TALF loan plus accrued but unpaid interest.
Losses on asset-backed securities held by TALF LLC will be offset in the following order: by the commitment fees collected by TALF
LLC, by the interest received on investments of TALF LLC, by up to $4.3 billion in subordinated debt funding provided by the U.S.
Treasury, and finally, by senior debt funding provided by the FRBNY. Payments by TALF LLC from the proceeds of its net portfolio
holdings will be made in the following order: operating expenses of TALF LLC, principal due to the FRBNY, principal due to the U.S.
Treasury, interest due to the FRBNY, and interest due to the U.S. Treasury. Any remaining funds will be shared by the FRBNY and the
U.S. Treasury.

 
8. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of dollars
                                                       Eliminations from  Wednesday         Change since       
                                                        consolidation   Sep 28, 2011   Wednesday    Wednesday  
Assets, liabilities, and capital                                                      Sep 21, 2011 Sep 29, 2010
 
Assets
  Gold certificate account                                                  11,037             0            0
  Special drawing rights certificate account                                 5,200             0            0
  Coin                                                                       2,244    +       20   +      133
  Securities, repurchase agreements, and loans                           2,655,268    -    6,790   +  561,182
    Securities held outright (1)                                         2,643,806    -    6,807   +  599,493
      U.S. Treasury securities                                           1,664,655    +    1,550   +  852,986
        Bills (2)                                                           18,423             0            0
        Notes and bonds, nominal (2)                                     1,569,329    +      930   +  823,887
        Notes and bonds, inflation-indexed (2)                              67,254    +      500   +   24,936
        Inflation compensation (3)                                           9,649    +      120   +    4,163
      Federal agency debt securities (2)                                   108,268             0   -   45,837
      Mortgage-backed securities (4)                                       870,883    -    8,357   -  207,656
    Repurchase agreements (5)                                                    0             0            0
    Loans                                                                   11,462    +       17   -   38,311
  Net portfolio holdings of Maiden Lane LLC (6)                             15,506    +       26   -   12,964
  Net portfolio holdings of Maiden Lane II LLC (7)                           9,999    +       35   -    5,876
  Net portfolio holdings of Maiden Lane III LLC (8)                         21,170    +        6   -    1,870
  Net portfolio holdings of TALF LLC (9)                                       785             0   +      184
  Preferred interests in AIA Aurora LLC and ALICO
     Holdings LLC (10)                                                           0             0   -   25,733
  Items in process of collection                            (107)              280    -       48   -       85
  Bank premises                                                              2,185    -        2   -       44
  Central bank liquidity swaps (11)                                            500    -       75   +      439
  Other assets (12)                                                        130,058    -       89   +   36,993

Total assets                                                (107)        2,854,233    -    6,915   +  552,360
 
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.

 
8. Consolidated Statement of Condition of All Federal Reserve Banks (continued)
Millions of dollars
                                                       Eliminations from  Wednesday         Change since       
                                                        consolidation   Sep 28, 2011   Wednesday    Wednesday  
Assets, liabilities, and capital                                                      Sep 21, 2011 Sep 29, 2010
 
Liabilities
  Federal Reserve notes, net of F.R. Bank holdings                         996,320    +    1,261   +   82,560
  Reverse repurchase agreements (13)                                        82,815    -    8,138   +   15,445
  Deposits                                                    (0)        1,703,116    +      317   +  456,296
    Term deposits held by depository institutions                            5,077    +    5,077   +    2,958
    Other deposits held by depository institutions                       1,608,996    +   59,534   +  624,857
    U.S. Treasury, General Account                                          44,942    -   29,274   -   12,887
    U.S. Treasury, Supplementary Financing Account                               0             0   -  199,961
    Foreign official                                                           225    -    2,411   -    2,186
    Other                                                     (0)           43,876    -   32,609   +   43,516
  Deferred availability cash items                          (107)            1,303    -       59   -      885
  Other liabilities and accrued dividends (14)                              18,669    -      404   +    3,731

Total liabilities                                           (107)        2,802,224    -    7,021   +  557,149

Capital accounts
  Capital paid in                                                           26,004    +       52   -      682
  Surplus                                                                   26,004    +       52   +      129
  Other capital accounts                                                         0             0   -    4,237

Total capital                                                               52,008    +      105   -    4,790
 
Note: Components may not sum to totals because of rounding.

1. Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.
2. Face value of the securities.
3. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed
   securities.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the
   remaining principal balance of the underlying mortgages.
5. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.
6. Refer to table 4 and the note on consolidation accompanying table 9.
7. Refer to table 5 and the note on consolidation accompanying table 9.
8. Refer to table 6 and the note on consolidation accompanying table 9.
9.  Refer to table 7 and the note on consolidation accompanying table 9.
10. As a result of the closing of the AIG recapitalization plan on January 14, 2011, the Federal Reserve Bank
    of New York has been paid in full for its	preferred interests in AIA Aurora LLC and ALICO Holdings LLC. A
    portion of the preferred interests was redeemed by AIG with the funds from AIG asset dispositions that were
    held as agent by the Federal Reserve.
11. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when
    the foreign currency is returned to the foreign central bank. This exchange rate equals the market exchange
    rate used when the foreign currency was acquired from the foreign central bank.
12. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates
    and the fair value adjustment to credit extended by the Federal Reserve Bank of New York (FRBNY) to
    eligible borrowers through the Term Asset-Backed Securities Loan Facility. Before the closing of the AIG
    recapitalization plan on January 14, 2011, included accrued dividends on the FRBNY's preferred interests in
    AIA Aurora LLC and ALICO Holdings LLC.
13. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt
    securities, and mortgage-backed securities.
14. Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to
    entities other than the Federal Reserve Bank of New York, including liabilities that have recourse only to
    the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note on consolidation
    accompanying table 9. Also includes the liability for interest on Federal Reserve notes due to U.S.
    Treasury. Before the closing of the AIG recapitalization plan on January 14, 2011, included funds from
    American International Group, Inc. asset dispositions, held as agent.


 
9. Statement of Condition of Each Federal Reserve Bank, September 28, 2011
Millions of dollars
                                               Total      Boston     New York   Philadelphia Cleveland   Richmond     Atlanta     Chicago    St. Louis  Minneapolis   Kansas      Dallas        San    
Assets, liabilities, and capital                                                                                                                                       City                  Francisco 
 
Assets
  Gold certificate account                      11,037         390       3,866         432         450         872       1,394         854         319         197         318         728       1,217
  Special drawing rights certificate acct.       5,200         196       1,818         210         237         412         654         424         150          90         153         282         574
  Coin                                           2,244          57          78         164         162         379         207         336          33          57         168         238         367
  Securities, repurchase agreements,
     and loans                               2,655,268      65,002   1,240,814      90,566      71,415     305,343     196,559     157,028      50,060      40,666      70,345     104,563     262,906
    Securities held outright (1)             2,643,806      65,002   1,229,483      90,566      71,415     305,333     196,547     157,004      50,039      40,631      70,327     104,563     262,896
      U.S. Treasury securities               1,664,655      40,928     774,136      57,024      44,966     192,251     123,755      98,856      31,507      25,583      44,281      65,837     165,531
        Bills (2)                               18,423         453       8,567         631         498       2,128       1,370       1,094         349         283         490         729       1,832
        Notes and bonds (3)                  1,646,232      40,475     765,569      56,393      44,468     190,123     122,385      97,762      31,158      25,300      43,791      65,109     163,699
      Federal agency debt securities (2)       108,268       2,662      50,349       3,709       2,925      12,504       8,049       6,430       2,049       1,664       2,880       4,282      10,766
      Mortgage-backed securities (4)           870,883      21,412     404,998      29,833      23,524     100,578      64,744      51,718      16,483      13,384      23,166      34,444      86,599
    Repurchase agreements (5)                        0           0           0           0           0           0           0           0           0           0           0           0           0
    Loans                                       11,462           0      11,331           0           0          10          12          25          21          34          19           0          10
  Net portfolio holdings of Maiden
     Lane LLC (6)                               15,506           0      15,506           0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of Maiden
     Lane II LLC (7)                             9,999           0       9,999           0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of Maiden
     Lane III LLC (8)                           21,170           0      21,170           0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of TALF LLC (9)           785           0         785           0           0           0           0           0           0           0           0           0           0
  Preferred interests in AIA Aurora LLC
     and ALICO Holdings LLC (10)                     0           0           0           0           0           0           0           0           0           0           0           0           0
  Items in process of collection                   387          27           0          53         113           5          69          27           5          12           6          19          51
  Bank premises                                  2,185         122         256          67         126         234         215         206         135         106         260         246         212
  Central bank liquidity swaps (11)                500          17         145          48          37         103          29          13           4          15           5           8          77
  Other assets (12)                            130,058       3,490      55,600       6,139       4,785      17,471       9,238       6,801       2,199       2,448       3,000       4,517      14,369
  Interdistrict settlement account                   0   +  10,336   + 260,676   -  14,862   -   2,376   - 132,303   -  36,746   -  11,329   -   9,180   -  17,469   -  17,689   -     169   -  28,889

Total assets                                 2,854,339      79,638   1,610,713      82,818      74,948     192,515     171,619     154,360      43,724      26,123      56,565     110,432     250,884
 
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.

 
9. Statement of Condition of Each Federal Reserve Bank, September 28, 2011 (continued)
Millions of dollars
                                               Total      Boston     New York   Philadelphia Cleveland   Richmond     Atlanta     Chicago    St. Louis  Minneapolis   Kansas      Dallas        San    
Assets, liabilities, and capital                                                                                                                                       City                  Francisco 
 
Liabilities
  Federal Reserve notes outstanding          1,166,598      43,139     389,600      46,283      54,963      95,453     146,676      90,484      33,909      20,793      33,667      76,684     134,947
    Less: Notes held by F.R. Banks             170,278       5,911      46,198       7,115       8,944      12,137      26,229      13,516       4,438       5,411       3,703      11,203      25,473
      Federal Reserve notes, net               996,320      37,228     343,403      39,168      46,019      83,316     120,447      76,968      29,471      15,382      29,963      65,480     109,474
  Reverse repurchase agreements (13)            82,815       2,036      38,513       2,837       2,237       9,564       6,157       4,918       1,567       1,273       2,203       3,275       8,235
  Deposits                                   1,703,116      38,187   1,198,811      35,509      22,224      87,596      41,431      70,433      11,997       8,762      23,603      40,500     124,064
    Term deposits held by depository
       institutions                              5,077          20       1,270         605           0       2,015           0         555           0          60           1           6         545
    Other deposits held by depository
       institutions                          1,608,996      38,152   1,108,677      34,900      22,220      85,488      41,428      69,850      11,981       8,699      23,600      40,494     123,507
    U.S. Treasury, General Account              44,942           0      44,942           0           0           0           0           0           0           0           0           0           0
    U.S. Treasury, Supplementary
       Financing Account                             0           0           0           0           0           0           0           0           0           0           0           0           0
    Foreign official                               225           1         197           4           3           8           2           1           0           1           0           1           6
    Other                                       43,876          13      43,725           0           1          85           0          28          16           2           1           0           6
  Deferred availability cash items               1,410          74           0         211         205          42          70          93          44         328          67          63         216
  Interest on Federal Reserve notes due
     to U.S. Treasury (14)                       1,297          33         688           8          25         125          93          78          24          17          36          53         117
  Other liabilities and accrued
     dividends (15)                             17,372         194      13,709         271         274         754         463         384         171         142         175         275         559

Total liabilities                            2,802,331      77,752   1,595,123      78,004      70,984     181,397     168,661     152,874      43,273      25,903      56,047     109,647     242,666

Capital
  Capital paid in                               26,004         943       7,795       2,407       1,982       5,559       1,479         743         225         110         259         392       4,109
  Surplus                                       26,004         943       7,795       2,407       1,982       5,559       1,479         743         225         110         259         392       4,109
  Other capital                                      0           0           0           0           0           0           0           0           0           0           0           0           0

Total liabilities and capital                2,854,339      79,638   1,610,713      82,818      74,948     192,515     171,619     154,360      43,724      26,123      56,565     110,432     250,884
 
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.

9. Statement of Condition of Each Federal Reserve Bank, September 28, 2011 (continued)
1. Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.
2. Face value of the securities.
3. Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face value of such securities.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the underlying mortgages.
5. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.
6. Refer to table 4 and the note on consolidation below.
7. Refer to table 5 and the note on consolidation below.
8. Refer to table 6 and the note on consolidation below.
9.  Refer to table 7 and the note on consolidation below.
10. As a result of the closing of the AIG recapitalization plan on January 14, 2011, the Federal Reserve Bank of New York has been paid in full for its preferred interests in AIA Aurora LLC and ALICO
    Holdings LLC. A portion of the preferred interests was redeemed by AIG with the funds from AIG asset dispositions that were held as agent by the Federal Reserve.
11. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals
    the market exchange rate used when the foreign currency was acquired from the foreign central bank.
12. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates and the fair value adjustment to credit extended by the Federal Reserve Bank of New York
    (FRBNY) to eligible	borrowers through the Term Asset-Backed Securities Loan Facility. Before the closing of the AIG recapitalization plan on January 14, 2011, included accrued dividends on the
    FRBNY's preferred interests in AIA Aurora LLC and ALICO Holdings LLC.
13. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.
14. Represents the estimated weekly remittances to U.S Treasury as interest on Federal Reserve notes or, in those cases where the Reserve Bank's net earnings are not sufficient to equate surplus to
    capital paid-in, the deferred asset for interest on Federal Reserve notes. The amount of any deferred asset, which is presented as a negative amount in this line, represents the amount of the
    Federal Reserve Bank's earnings that must be retained before remittances to the U.S. Treasury resume. The amounts on this line are calculated in accordance with Board of Governors policy, which
    requires the Federal Reserve Banks to remit residual earnings to the U.S. Treasury as interest on Federal Reserve notes after providing for the costs of operations, payment of dividends, and the
    amount necessary to equate surplus with capital paid-in.
15. Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to entities other than the Federal Reserve Bank of New York, including liabilities that have
    recourse only to the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note on consolidation below. Before the closing of the AIG recapitalization plan on January 14,
    2011, included funds from American International Group, Inc. asset dispositions, held as agent.


Note on consolidation:

The Federal Reserve Bank of New York (FRBNY) has extended loans to several limited liability companies under the authority of section 13(3) of the Federal Reserve Act. On June 26, 2008, a loan was
extended to Maiden Lane LLC, which was formed to acquire certain assets of Bear Stearns. On November 25, 2008, a loan was extended to Maiden Lane III LLC, which was formed to purchase multi-sector
collateralized debt obligations on which the Financial Products group of the American International Group, Inc. has written credit default swap contracts. On December 12, 2008, a loan was extended to
Maiden Lane II LLC, which was formed to purchase residential mortgage-backed securities from the U.S. securities lending reinvestment portfolio of subsidiaries of American International Group, Inc.
On November 25, 2008, the Federal Reserve Board authorized the FRBNY to extend credit to TALF LLC, which was formed to purchase and manage any asset-backed securities received by the FRBNY in
connection with the decision of a borrower not to repay a loan extended under the Term Asset-Backed Securities Loan Facility.

The FRBNY is the primary beneficiary of TALF LLC, because of the two beneficiaries of the LLC, the FRBNY and the U.S. Treasury, the FRBNY is primarily responsible for directing the financial
activities of TALF LLC. The FRBNY is the primary beneficiary of the other LLCs cited above because it will receive a majority of any residual returns of the LLCs and absorb a majority of any residual
losses of the LLCs. Consistent with generally accepted accounting principles, the assets and liabilities of these LLCs have been consolidated with the assets and liabilities of the FRBNY in the
preparation of the statements of condition shown on this release. As a consequence of the consolidation, the extensions of credit from the FRBNY to the LLCs are eliminated, the net assets of the LLCs
appear as assets on the previous page (and in table 1 and table 8), and the liabilities of the LLCs to entities other than the FRBNY, including those with recourse only to the portfolio holdings of
the LLCs, are included in other liabilities in this table (and table 1 and table 8).

 
10. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts
Millions of dollars
                                                                                            Wednesday   
Federal Reserve notes and collateral                                                       Sep 28, 2011 
 
Federal Reserve notes outstanding                                                          1,166,598
  Less: Notes held by F.R. Banks not subject to collateralization                            170,278
    Federal Reserve notes to be collateralized                                               996,320
Collateral held against Federal Reserve notes                                                996,320
  Gold certificate account                                                                    11,037
  Special drawing rights certificate account                                                   5,200
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   980,083
  Other assets pledged                                                                             0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                     2,643,806
  Less: Face value of securities under reverse repurchase agreements                          71,527
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged      2,572,280
 
Note: Components may not sum to totals because of rounding.

1. Includes face value of U.S. Treasury, agency debt, and mortgage-backed securities held outright,
   compensation to adjust for the effect of inflation on the original face value of inflation-indexed
   securities, and cash value of repurchase agreements.
2. Includes securities lent to dealers under the overnight securities lending facility; refer to table
   1A.