FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and

Condition Statement of Federal Reserve Banks December 23, 2010

1. Factors Affecting Reserve Balances of Depository Institutions

Millions of dollars

Averages of daily figures Wednesday

Dec 22, 2010 Week ended

Dec 22, 2010

Change from week ended

Dec 15, 2010 Dec 23, 2009

Reserve Bank credit, related items, and

reserve balances of depository institutions at

Federal Reserve Banks

Reserve Bank credit 2,388,496 + 14,166 + 171,611 2,410,384

Securities held outright1 2,142,720 + 13,107 + 302,972 2,163,097

U.S. Treasury securities 986,545 + 25,749 + 209,973 1,007,237

Bills2 18,423 0 0 18,423

Notes and bonds, nominal2 915,315 + 25,488 + 207,666 934,527

Notes and bonds, inflation-indexed2 46,737 + 231 + 2,094 48,125

Inflation compensation3 6,070 + 29 + 212 6,162

Federal agency debt securities2 147,521 - 615 - 11,034 147,460

Mortgage-backed securities4 1,008,654 - 12,027 + 104,033 1,008,400

Repurchase agreements5 0 0 0 0

Term auction credit 0 0 - 75,918 0

Other loans 45,571 + 355 - 41,509 45,101

Primary credit 28 + 6 - 18,721 54

Secondary credit 0 0 - 960 0

Seasonal credit 28 0 - 9 26

Credit extended to American International

Group, Inc., net6 20,625 + 545 + 340 20,272

Term Asset-Backed Securities Loan Facility7 24,890 - 197 - 22,159 24,750

Other credit extensions 0 0 0 0

Net portfolio holdings of Commercial Paper

Funding Facility LLC8 0 0 - 14,044 0

Net portfolio holdings of Maiden Lane LLC9 26,916 - 509 + 337 26,929

Net portfolio holdings of Maiden Lane II LLC10 16,145 + 22 + 567 16,151

Net portfolio holdings of Maiden Lane III LLC11 23,122 + 23 + 479 23,129

Net portfolio holdings of TALF LLC12 653 + 6 + 373 665

Preferred interests in AIA Aurora LLC and ALICO

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

Float -1,594 + 140 - 10 -1,719

Central bank liquidity swaps14 75 + 15 - 11,997 75

Other Federal Reserve assets15 108,831 + 1,008 + 9,303 110,899

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding16 43,553 + 14 + 863 43,553

Total factors supplying reserve funds 2,448,290 + 14,180 + 172,474 2,470,178

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

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

Millions of dollars

Averages of daily figures Wednesday

Dec 22, 2010 Week ended

Dec 22, 2010

Change from week ended

Dec 15, 2010 Dec 23, 2009

Reserve Bank credit, related items, and

reserve balances of depository institutions at

Federal Reserve Banks

Currency in circulation16 980,488 + 2,065 + 55,383 983,646

Reverse repurchase agreements17 51,256 + 1,202 - 9,787 51,134

Foreign official and international accounts 51,256 + 1,202 - 9,787 51,134

Others 0 0 0 0

Treasury cash holdings 178 - 6 - 51 185

Deposits with F.R. Banks, other than reserve balances 303,516 + 52,472 + 187,987 302,348

Term deposits held by depository institutions 5,113 0 + 5,113 5,113

U.S. Treasury, general account 91,479 + 61,386 - 3,472 89,913

U.S. Treasury, supplementary financing account 199,961 0 + 184,961 199,961

Foreign official 4,209 + 1,113 + 2,265 4,581

Service-related 2,359 - 2 - 666 2,359

Required clearing balances 2,359 - 2 - 666 2,359

Adjustments to compensate for float 0 0 0 0

Other 395 - 10,025 - 214 421

Funds from American International Group, Inc. asset

dispositions, held as agent18 26,838 + 64 + 26,838 26,896

Other liabilities and capital19 73,172 - 672 + 5,432 72,590

Total factors, other than reserve balances,

absorbing reserve funds 1,435,449 + 55,126 + 265,803 1,436,799

Reserve balances with Federal Reserve Banks 1,012,841 - 40,946 - 93,329 1,033,379

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

Excludes credit extended to consolidated LLCs.

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

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

Funding Facility LLC.

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

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

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

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

13.Refer to table 8.

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

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

foreign central bank.

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

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

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

16.Estimated.

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

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

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

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

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

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

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

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

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

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

on consolidation accompanying table 10.

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

1A. Memorandum Items

Millions of dollars

Averages of daily figures Wednesday

Dec 22, 2010 Week ended

Dec 22, 2010

Change from week ended

Dec 15, 2010 Dec 23, 2009

Memorandum item

Marketable securities held in custody for foreign

official and international accounts1 3,351,066 + 14,023 + 393,352 3,357,699

U.S. Treasury securities 2,620,365 + 13,596 + 433,093 2,625,051

Federal agency securities2 730,701 + 427 - 39,741 732,648

Securities lent to dealers 9,961 + 545 + 1,468 11,439

Overnight facility3 9,961 + 545 + 1,468 11,439

U.S. Treasury securities 8,756 + 425 + 1,128 10,396

Federal agency debt securities 1,205 + 120 + 340 1,043

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, December 22, 2010

Millions of dollars

Within 15

days

16 days to

90 days

91 days to

1 year

Over 1 year

to 5 years

Over 5 years

to 10 years

Over 10

years

Remaining maturity All

Other loans1 80 0 0 45,021 0 ... 45,101

U.S. Treasury securities2

Holdings 17,447 17,200 55,979 427,120 332,496 156,994 1,007,237

Weekly changes + 1,442 - 1,442 + 1 + 18,577 + 18,197 + 2,908 + 39,684

Federal agency debt securities3

Holdings 0 7,466 35,298 71,752 30,597 2,347 147,460

Weekly changes - 424 + 1,302 - 1,302 0 0 0 - 424

Mortgage-backed securities4

Holdings 0 0 0 25 21 1,008,355 1,008,400

Weekly changes 0 0 0 0 0 - 445 - 445

Asset-backed securities held by

TALF LLC5 0 0 0 0 0 0 0

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

Central bank liquidity swaps7 75 0 0 0 0 0 75

Reverse repurchase agreements6 51,134 0 ... ... ... ... 51,134

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

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

. . . Not applicable.

1. Excludes the loans from the Federal Reserve Bank of New York (FRBNY) to Maiden Lane LLC, Maiden Lane II LLC, Maiden

Lane III LLC, and TALF LLC. The loans were eliminated when preparing the FRBNY’s statement of condition consistent with consolidation

under generally accepted accounting principles.

2. Face value. For inflation-indexed securities, includes the original face value and compensation that adjusts for the effect of inflation on the

original face value of such securities.

3. Face value.

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

underlying mortgages.

5. Face value of asset-backed securities held by TALF LLC, which is the remaining principal balance of the underlying assets.

6. Cash value of agreements.

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

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

central bank.
H.4.1

3. Supplemental Information on Mortgage-Backed Securities Purchase Program

Millions of dollars

Wednesday

Dec 22, 2010 Account name

Mortgage-backed securities held outright1 1,008,400

Commitments to buy mortgage-backed securities2 0

Commitments to sell mortgage-backed securities2 0

Cash and cash equivalents3 0

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

underlying mortgages.

2. Current face value. Generally settle within 180 days and include commitments associated with outright transactions, dollar rolls, and coupon swaps.

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

4. Information on Principal Accounts of Maiden Lane LLC

Millions of dollars

Wednesday

Dec 22, 2010 Account name

Net portfolio holdings of Maiden Lane LLC1 26,929

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2 25,228

Accrued interest payable to the Federal Reserve Bank of New York2 613

Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co.3 1,313

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

orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of September 30, 2010. Any assets purchased after

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

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

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

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

table 9 and table 10.

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

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

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

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

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

FRBNY.

5. Information on Principal Accounts of Maiden Lane II LLC

Millions of dollars

Wednesday

Dec 22, 2010 Account name

Net portfolio holdings of Maiden Lane II LLC1 16,151

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

Accrued interest payable to the Federal Reserve Bank of New York2 447

Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc.3 1,070

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

orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of September 30, 2010. Any assets purchased after

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

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

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

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

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

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

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

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

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

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

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

FRBNY and AIG subsidiaries.
H.4.1

6. Information on Principal Accounts of Maiden Lane III LLC

Millions of dollars

Wednesday

Dec 22, 2010 Account name

Net portfolio holdings of Maiden Lane III LLC1 23,129

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

Accrued interest payable to the Federal Reserve Bank of New York2 541

Outstanding principal amount and accrued interest on loan payable to American International Group, Inc.3 5,361

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

orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of September 30, 2010. Any assets purchased after

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

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

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

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

table 9 and table 10.

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

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

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

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

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

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

AIG.

7. Information on Principal Accounts of TALF LLC

Millions of dollars

Wednesday

Dec 22, 2010 Account name

Asset-backed securities holdings1 0

Other investments, net 665

Net portfolio holdings of TALF LLC 665

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

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

Funding provided by U.S. Treasury to TALF LLC, including accrued interest payable3 106

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

market on the measurement date.

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

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

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

and table 10.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

AIA Aurora LLC and ALICO Holdings LLC

Millions of dollars

Wednesday

Dec 22, 2010 Account name

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

Accrued dividends on preferred interests in AIA Aurora LLC and ALICO Holdings LLC2 296

Preferred interests in AIA Aurora LLC1 16,676

Accrued dividends on preferred interests in AIA Aurora LLC2 190

Preferred interests in ALICO Holdings LLC1 9,380

Accrued dividends on preferred interests in ALICO Holdings LLC2 107

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

1. Book value.

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

Note on preferred interests:

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

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

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

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

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

and conversion rights with respect to its preferred interests.

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

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

9. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Eliminations from

consolidation

Wednesday

Dec 22, 2010

Change since

Wednesday

Dec 15, 2010

Wednesday

Dec 23, 2009

Assets, liabilities, and capital

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 5,200 0 0

Coin 2,148 + 4 + 97

Securities, repurchase agreements, term auction

credit, and other loans 2,208,198 + 38,164 + 197,415

Securities held outright1 2,163,097 + 38,815 + 316,210

U.S. Treasury securities 1,007,237 + 39,684 + 230,661

Bills2 18,423 0 0

Notes and bonds, nominal2 934,527 + 37,949 + 226,878

Notes and bonds, inflation-indexed2 48,125 + 1,619 + 3,482

Inflation compensation3 6,162 + 116 + 300

Federal agency debt securities2 147,460 - 424 - 12,419

Mortgage-backed securities4 1,008,400 - 445 + 97,967

Repurchase agreements5 0 0 0

Term auction credit 0 0 - 75,918

Other loans 45,101 - 651 - 42,877

Net portfolio holdings of Commercial Paper

Funding Facility LLC6 0 0 - 14,055

Net portfolio holdings of Maiden Lane LLC7 26,929 + 15 + 344

Net portfolio holdings of Maiden Lane II LLC8 16,151 + 7 + 570

Net portfolio holdings of Maiden Lane III LLC9 23,129 + 8 + 479

Net portfolio holdings of TALF LLC10 665 + 17 + 367

Preferred interests in AIA Aurora LLC and ALICO

Holdings LLC11 26,057 0 + 1,057

Items in process of collection (132) 497 + 230 + 124

Bank premises 2,226 + 3 - 19

Central bank liquidity swaps12 75 + 15 - 10,197

Other assets13 108,460 + 3,758 + 15,587

Total assets (132) 2,430,772 + 42,222 + 191,769

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

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

Millions of dollars

Eliminations from

consolidation

Wednesday

Dec 22, 2010

Change since

Wednesday

Dec 15, 2010

Wednesday

Dec 23, 2009

Assets, liabilities, and capital

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 942,422 + 3,986 + 53,637

Reverse repurchase agreements14 51,134 + 318 - 9,591

Deposits (0) 1,335,513 + 38,181 + 115,144

Term deposits held by depository institutions 5,113 0 + 5,113

Other deposits held by depository institutions 1,035,524 + 38,472 - 46,996

U.S. Treasury, general account 89,913 - 1,728 - 29,526

U.S. Treasury, supplementary financing account 199,961 0 + 184,961

Foreign official 4,581 + 1,420 + 2,286

Other (0) 421 + 18 - 694

Deferred availability cash items (132) 2,217 - 94 - 243

Other liabilities and accrued dividends15 43,079 + 150 + 28,540

Total liabilities (132) 2,374,365 + 42,542 + 187,487

Capital accounts

Capital paid in 26,474 - 358 + 831

Surplus 25,945 + 6 + 4,472

Other capital accounts 3,988 + 31 - 1,020

Total capital 56,407 - 321 + 4,283

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

Funding Facility LLC.

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

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

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

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

11.Refer to table 8.

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

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

central bank.

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

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

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

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

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

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

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

10. Statement of Condition of Each Federal Reserve Bank, December 22, 2010Millions of dollars

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

Assets, liabilities, and capital

Assets

Gold certificate account 11,037 369 4,038 404 463 846 1,385 887 324 Special drawing rights certificate acct. 5,200 196 1,818 210 237 412 654 424 150 Coin 2,148 50 70 171 161 347 186 334 34 Securities, repurchase agreements,

term auction credit, and otherloans 2,208,198 54,741 927,680 50,515 73,493 246,363 204,707 163,070 55,724 

Securities held outright1 2,163,097 54,741 882,658 50,515 73,493 246,353 204,689 163,068 55,718 

U.S. Treasury securities 1,007,237 25,490 411,006 23,522 34,222 114,713 95,312 75,932 25,945 

Bills2 18,423 466 7,517 430 626 2,098 1,743 1,389 475 Notes and bonds3 988,814 25,024 403,488 23,092 33,596 112,615 93,569 74,543 25,470 

Federal agency debt securities2 147,460 3,732 60,171 3,444 5,010 16,794 13,954 11,116 3,798 

Mortgage-backed securities4 1,008,400 25,519 411,481 23,549 34,261 114,846 95,423 76,020 25,975 

Repurchase agreements5 0 0 0 0 0 0 0 0 0 Term auction credit 0 0 0 0 0 0 0 0 0 Other loans 45,101 0 45,021 0 0 10 18 2 7 

Net portfolio holdings of Commercial

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

Net portfolio holdings of Maiden

Lane LLC7 26,929 0 26,929 0 0 0 0 0 0 

Net portfolio holdings of Maiden

Lane II LLC8 16,151 0 16,151 0 0 0 0 0 0 

Net portfolio holdings of Maiden

Lane III LLC9 23,129 0 23,129 0 0 0 0 0 0 

Net portfolio holdings of TALF LLC10 665 0 665 0 0 0 0 0 0 

Preferred interests in AIA Aurora LLC

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

Items in process of collection 629 8 0 62 316 6 49 37 19 Bank premises 2,226 127 256 68 141 240 217 209 136 Central bank liquidity swaps12 75 3 22 8 6 21 5 2 1 Other assets13 108,460 3,052 41,435 4,757 4,703 16,523 9,368 6,803 2,377 Interdistrict settlement account 0 + 2,550 + 203,143 + 17,316 - 24,882 - 31,597 - 47,494 - 40,101 - 17,086 - 

Total assets 2,430,904 61,096 1,271,391 73,511 54,636 233,161 169,077 131,665 41,679 

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

10. Statement of Condition of Each Federal Reserve Bank, December 22, 2010 (continued)Millions of dollars

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

Assets, liabilities, and capital

Liabilities

Federal Reserve notes outstanding 1,124,539 41,202 384,338 45,596 46,023 90,219 142,486 86,568 32,411 

Less: Notes held by F.R. Banks 182,116 4,828 65,759 5,037 7,464 13,134 21,294 12,086 4,317 

Federal Reserve notes, net 942,422 36,374 318,579 40,559 38,559 77,085 121,192 74,481 28,094 

Reverse repurchase agreements14 51,134 1,294 20,865 1,194 1,737 5,824 4,839 3,855 1,317 

Deposits 1,335,513 21,256 876,601 25,786 9,741 136,705 39,191 51,307 11,521 

Term deposits held by depository

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

Other deposits held by depository

institutions 1,035,524 21,231 579,961 24,980 9,723 136,180 39,175 51,273 11,465 

U.S. Treasury, general account 89,913 0 89,913 0 0 0 0 0 0 U.S. Treasury, supplementary

financing account 199,961 0 199,961 0 0 0 0 0 0 

Foreign official 4,581 1 4,552 4 3 11 2 1 0 Other 421 3 235 2 1 100 2 16 51 

Deferred availability cash items 2,349 77 0 281 445 102 128 165 74 Other liabilities and accrued

dividends15 43,079 201 39,327 257 275 757 506 411 183 

Total liabilities 2,374,498 59,203 1,255,372 68,077 50,758 220,472 165,855 130,219 41,188 Capital

Capital paid in 26,474 917 7,682 2,566 1,923 5,439 1,519 673 216 Surplus 25,945 946 7,738 2,804 1,911 7,141 1,581 621 238 Other capital 3,988 30 599 63 45 109 121 152 36 

Total liabilities and capital 2,430,904 61,096 1,271,391 73,511 54,636 233,161 169,077 131,665 41,679 

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

10. Statement of Condition of Each Federal Reserve Bank, December 22, 2010 (continued)1. Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.2. Face value of the securities.3. Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face value of such securitie4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the underlying mort5. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.6. Includes the book value of the commercial paper, net of amortized costs and related fees, and other investments held by the Commercial Paper Funding Facilit7. Refer to table 4 and the note on consolidation below.8. Refer to table 5 and the note on consolidation below.9. Refer to table 6 and the note on consolidation below.10.Refer to table 7 and the note on consolidation below.11.Refer to table 8.12.Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign centr

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

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

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

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

that have recourse only to the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note on consolidation below. Also includes funds from Adispositions, held as agent.

Note on consolidation:The Federal Reserve Bank of New York (FRBNY) has extended loans to several limited liability companies under the authority of section 13(3) of the Federal Resewas extended to Maiden Lane LLC, which was formed to acquire certain assets of Bear Stearns. On November 25, 2008, a loan was extended to Maiden Lane III multi-sector collateralized debt obligations on which the Financial Products group of the American International Group, Inc. has written credit default swap contractwas extended to Maiden Lane II LLC, which was formed to purchase residential mortgage-backed securities from the U.S. securities lending reinvestment portfolio International Group, Inc. On November 25, 2008, the Federal Reserve Board authorized the FRBNY to extend credit to TALF LLC, which was formed to purchase securities received by the FRBNY in connection with the decision of a borrower not to repay a loan extended under the Term Asset-Backed Securities Loan FacilitThe FRBNY is the primary beneficiary of TALF LLC, because of the two beneficiaries of the LLC, the FRBNY and the U.S. Treasury, the FRBNY is primarily respoTALF LLC. The FRBNY is the primary beneficiary of the other LLCs cited above because it will receive a majority of any residual returns of the LLCs and absorb a Consistent with generally accepted accounting principles, the assets and liabilities of these LLCs have been consolidated with the assets and liabilities of the FRBNcondition shown on this release. As a consequence of the consolidation, the extensions of credit from the FRBNY to the LLCs are eliminated, the net assets of the (and in table 1 and table 9), and the liabilities of the LLCs to entities other than the FRBNY, including those with recourse only to the portfolio holdings of the LLCsin this table (and table 1 and table 9).
H.4.1

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

Millions of dollars

Wednesday

Dec 22, 2010 Federal Reserve notes and collateral

Federal Reserve notes outstanding 1,124,539

Less: Notes held by F.R. Banks not subject to collateralization 182,116

Federal Reserve notes to be collateralized 942,422

Collateral held against Federal Reserve notes 942,422

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 926,186

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 2,163,097

Less: Face value of securities under reverse repurchase agreements 45,304

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 2,117,793

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.