FEDERAL RESERVE statistical release
H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
                                                                                             December 1, 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   Nov 30, 2011
Federal Reserve Banks                                     Nov 30, 2011 Nov 23, 2011  Dec 1, 2010
 
Reserve Bank credit                                        2,793,222   -   15,075   +  475,387    2,797,061
  Securities held outright (1)                             2,601,547   -   15,545   +  523,653    2,604,999
    U.S. Treasury securities                               1,666,508   -    1,981   +  761,609    1,672,038
      Bills (2)                                               18,423            0            0       18,423
      Notes and bonds, nominal (2)                         1,570,273   -    2,080   +  734,490    1,575,363
      Notes and bonds, inflation-indexed (2)                  67,993   +       71   +   23,117       68,420
      Inflation compensation (3)                               9,819   +       27   +    4,002        9,832
    Federal agency debt securities (2)                       105,909   -      866   -   42,269      105,909
    Mortgage-backed securities (4)                           829,130   -   12,698   -  195,687      827,052
  Repurchase agreements (5)                                        0            0            0            0
  Loans                                                        9,809   -      419   -   36,982        9,821
    Primary credit                                                42   +       17   -      149          113
    Secondary credit                                               0            0            0            0
    Seasonal credit                                               16   +        1   -       11           18
    Credit extended to American International
       Group, Inc., net (6)                                        0            0   -   20,922            0
    Term Asset-Backed Securities Loan Facility (7)             9,751   -      437   -   15,900        9,691
    Other credit extensions                                        0            0            0            0
  Net portfolio holdings of Maiden Lane LLC (8)               10,602   +        2   -   16,961       10,629
  Net portfolio holdings of Maiden Lane II LLC (9)             9,349   +        7   -    6,955        9,379
  Net portfolio holdings of Maiden Lane III LLC (10)          17,839   +        6   -    5,507       17,845
  Net portfolio holdings of TALF LLC (11)                        803   +        5   +      156          803
  Preferred interests in AIA Aurora LLC and ALICO
     Holdings LLC (6)                                              0            0   -   26,057            0
  Float                                                         -839   +       24   +      869       -1,004
  Central bank liquidity swaps (12)                            2,401   +        1   +    2,341        2,401
  Other Federal Reserve assets (13)                          141,711   +      843   +   40,830      142,187
Gold stock                                                    11,041            0            0       11,041
Special drawing rights certificate account                     5,200            0            0        5,200
Treasury currency outstanding (14)                            44,194   +       14   +      701       44,194

Total factors supplying reserve funds                      2,853,657   -   15,060   +  476,088    2,857,496
 
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 30, 2011
Federal Reserve Banks                                     Nov 30, 2011 Nov 23, 2011  Dec 1, 2010
 
Currency in circulation (14)                               1,062,278   +    3,442   +   84,241    1,062,291
Reverse repurchase agreements (15)                            88,311   -    3,018   +   33,454       92,968
  Foreign official and international accounts                 88,311   -    3,018   +   33,454       92,968
  Others                                                           0            0            0            0
Treasury cash holdings                                           102   -        3   -       95          108
Deposits with F.R. Banks, other than reserve balances        111,192   -   30,574   -  130,035      146,162
  Term deposits held by depository institutions                5,055            0   +    5,055        5,055
  U.S. Treasury, General Account                              43,770   -      577   +    8,392       85,605
  U.S. Treasury, Supplementary Financing Account                   0            0   -  199,959            0
  Foreign official                                               186   -    1,011   -    2,798          165
  Service-related                                              2,505            0   +      139        2,505
    Required clearing balances                                 2,505            0   +      139        2,505
    Adjustments to compensate for float                            0            0            0            0
  Other                                                       59,675   -   28,987   +   59,135       52,831
Funds from American International Group, Inc. asset
   dispositions, held as agent (6)                                 0            0   -   26,774            0
Other liabilities and capital (16)                            71,470   +       85   -    1,175       71,214

Total factors, other than reserve balances,
   absorbing reserve funds                                 1,333,354   -   30,066   -   40,384    1,372,742

Reserve balances with Federal Reserve Banks                1,520,303   +   15,006   +  516,472    1,484,753
 
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   Nov 30, 2011
Memorandum item                                           Nov 30, 2011 Nov 23, 2011  Dec 1, 2010
 
Marketable securities held in custody for foreign
   official and international accounts (1)                 3,451,210   -    5,493   +  110,329    3,466,282
  U.S. Treasury securities                                 2,732,400   -    6,158   +  124,503    2,748,062
  Federal agency securities (2)                              718,809   +      665   -   14,174      718,221
Securities lent to dealers                                    11,827   +      533   +    3,821       13,569
  Overnight facility (3)                                      11,827   +      533   +    3,821       13,569
    U.S. Treasury securities                                  10,600   +      620   +    3,841       12,305
    Federal agency debt securities                             1,228   -       85   -       19        1,264
 
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,  November 30, 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)                                    119           11        4,131        5,560            0           ...        9,821
U.S. Treasury securities (2)
  Holdings                                17,057       22,596       99,698      687,122      631,158       214,407    1,672,038
  Weekly changes                      -      412   -    4,572   +        2   +   12,126   -    2,454    +    2,553   +    7,243
Federal agency debt securities (3)
  Holdings                                 1,213        3,879       21,534       60,790       16,146         2,347      105,909
  Weekly changes                      +    1,213   -    1,213            0            0            0             0            0
Mortgage-backed securities (4)
  Holdings                                     0            0            0           12           22       827,018      827,052
  Weekly changes                               0            0            0            0            0    -   14,547   -   14,548
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)             553        1,848            0            0            0             0        2,401

Reverse repurchase agreements (6)         92,968            0          ...          ...          ...           ...       92,968
Term deposits                              5,055            0            0          ...          ...           ...        5,055
 
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
Millions of dollars
                                                                                                                        Wednesday   
Account name                                                                                                           Nov 30, 2011 
 
Mortgage-backed securities held outright (1)                                                                             827,052

Commitments to buy mortgage-backed securities (2)                                                                         44,850
Commitments to sell mortgage-backed securities (2)                                                                             0

Cash and cash equivalents (3)                                                                                                  2
 
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                                                                                                           Nov 30, 2011 
 
Net portfolio holdings of Maiden Lane LLC (1)                                                                             10,629

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                  7,523
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                         751
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3)                              1,379
 
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, 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                                                                                                           Nov 30, 2011 
 
Net portfolio holdings of Maiden Lane II LLC (1)                                                                           9,379

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                  6,368
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                         562
Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc. (3)                    1,103
 
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, 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                                                                                                           Nov 30, 2011 
 
Net portfolio holdings of Maiden Lane III LLC (1)                                                                         17,845

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                  9,406
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                         681
Outstanding principal amount and accrued interest on loan payable to American International Group, Inc. (3)                5,526
 
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, 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                                                                                                           Nov 30, 2011 
 
Asset-backed securities holdings (1)                                                                                           0
Other investments, net                                                                                                       803
Net portfolio holdings of TALF LLC                                                                                           803

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   Nov 30, 2011   Wednesday    Wednesday  
Assets, liabilities, and capital                                                      Nov 23, 2011  Dec 1, 2010
 
Assets
  Gold certificate account                                                  11,037             0            0
  Special drawing rights certificate account                                 5,200             0            0
  Coin                                                                       2,247    -        2   +      154
  Securities, repurchase agreements, and loans                           2,614,820    -    7,367   +  479,689
    Securities held outright (1)                                         2,604,999    -    7,306   +  516,717
      U.S. Treasury securities                                           1,672,038    +    7,243   +  754,587
        Bills (2)                                                           18,423             0            0
        Notes and bonds, nominal (2)                                     1,575,363    +    6,717   +  727,031
        Notes and bonds, inflation-indexed (2)                              68,420    +      498   +   23,544
        Inflation compensation (3)                                           9,832    +       27   +    4,012
      Federal agency debt securities (2)                                   105,909             0   -   42,269
      Mortgage-backed securities (4)                                       827,052    -   14,548   -  195,601
    Repurchase agreements (5)                                                    0             0            0
    Loans                                                                    9,821    -       61   -   37,029
  Net portfolio holdings of Maiden Lane LLC (6)                             10,629    +       31   -   16,972
  Net portfolio holdings of Maiden Lane II LLC (7)                           9,379    +       35   -    6,958
  Net portfolio holdings of Maiden Lane III LLC (8)                         17,845    +        8   -    5,507
  Net portfolio holdings of TALF LLC (9)                                       803             0   +      155
  Preferred interests in AIA Aurora LLC and ALICO
     Holdings LLC (10)                                                           0             0   -   26,057
  Items in process of collection                             (78)              229    -      101   -       82
  Bank premises                                                              2,187    +        7   -       28
  Central bank liquidity swaps (11)                                          2,401    +        1   +    2,341
  Other assets (12)                                                        139,995    -      378   +   40,341

Total assets                                                 (78)        2,816,773    -    7,764   +  467,077
 
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   Nov 30, 2011   Wednesday    Wednesday  
Assets, liabilities, and capital                                                      Nov 23, 2011  Dec 1, 2010
 
Liabilities
  Federal Reserve notes, net of F.R. Bank holdings                       1,020,447    -      304   +   84,056
  Reverse repurchase agreements (13)                                        92,968    +    8,189   +   40,106
  Deposits                                                    (0)        1,630,910    -   15,780   +  371,237
    Term deposits held by depository institutions                            5,055             0   +    5,055
    Other deposits held by depository institutions                       1,487,253    -    4,576   +  476,410
    U.S. Treasury, General Account                                          85,605    +   51,070   +   40,133
    U.S. Treasury, Supplementary Financing Account                               0             0   -  199,959
    Foreign official                                                           165    +       41   -    2,789
    Other                                                     (0)           52,831    -   62,316   +   52,386
  Deferred availability cash items                           (78)            1,234    +        3   -      808
  Other liabilities and accrued dividends (14)                              17,252    +       91   -   25,457

Total liabilities                                            (78)        2,762,811    -    7,801   +  469,135

Capital accounts
  Capital paid in                                                           26,981    +       18   +      189
  Surplus                                                                   26,981    +       18   +    1,071
  Other capital accounts                                                         0             0   -    3,317

Total capital                                                               53,962    +       37   -    2,057
 
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,  November 30, 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                                           2,247          56          80         160         166         392         192         335          30          57         170         234         375
  Securities, repurchase agreements,
     and loans                               2,614,820      64,048   1,221,127      89,237      70,366     300,851     193,663     154,710      49,307      40,036      69,327     103,110     259,037
    Securities held outright (1)             2,604,999      64,048   1,211,436      89,237      70,366     300,851     193,662     154,699      49,305      40,035      69,294     103,028     259,037
      U.S. Treasury securities               1,672,038      41,110     777,570      57,277      45,165     193,103     124,304      99,295      31,647      25,697      44,477      66,129     166,265
        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)                  1,653,616      40,657     769,002      56,646      44,668     190,976     122,934      98,201      31,298      25,414      43,987      65,401     164,433
      Federal agency debt securities (2)       105,909       2,604      49,252       3,628       2,861      12,231       7,874       6,289       2,005       1,628       2,817       4,189      10,531
      Mortgage-backed securities (4)           827,052      20,334     384,614      28,332      22,340      95,516      61,485      49,115      15,654      12,711      22,000      32,710      82,241
    Repurchase agreements (5)                        0           0           0           0           0           0           0           0           0           0           0           0           0
    Loans                                        9,821           0       9,691           0           0           0           1          11           2           1          32          82           0
  Net portfolio holdings of Maiden
     Lane LLC (6)                               10,629           0      10,629           0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of Maiden
     Lane II LLC (7)                             9,379           0       9,379           0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of Maiden
     Lane III LLC (8)                           17,845           0      17,845           0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of TALF LLC (9)           803           0         803           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                   307           8           0          48          58           5          14          26           7          11           6          14         110
  Bank premises                                  2,187         122         262          67         126         233         214         206         134         105         259         246         213
  Central bank liquidity swaps (11)              2,401          83         695         233         178         492         138          61          20          74          22          36         369
  Other assets (12)                            139,995       3,726      60,229       6,565       5,031      18,587       9,973       7,402       2,386       2,595       3,266       4,906      15,329
  Interdistrict settlement account                   0   -  11,698   + 265,489   -  17,654   -   5,923   - 114,335   -  35,989   -   8,986   -   8,128   -  15,771   -  18,504   +     982   -  29,483

Total assets                                 2,816,851      56,932   1,592,223      79,297      70,689     207,510     170,252     155,033      44,225      27,394      55,016     110,538     247,742
 
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,  November 30, 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          1,194,306      44,513     411,921      46,342      54,359      95,089     145,848      90,014      33,787      21,047      34,844      80,601     135,941
    Less: Notes held by F.R. Banks             173,859       5,168      48,521       6,756      10,513      11,364      27,035      12,743       4,180       5,200       3,635      12,383      26,360
      Federal Reserve notes, net             1,020,447      39,345     363,400      39,586      43,846      83,725     118,812      77,271      29,607      15,847      31,209      68,218     109,581
  Reverse repurchase agreements (13)            92,968       2,286      43,234       3,185       2,511      10,737       6,912       5,521       1,760       1,429       2,473       3,677       9,245
  Deposits                                   1,630,910      13,131   1,155,099      31,222      19,878     101,022      40,896      70,213      12,186       9,426      20,566      37,445     119,826
    Term deposits held by depository
       institutions                              5,055          10       2,318         503           0          15           5       1,505          50          65         155           5         425
    Other deposits held by depository
       institutions                          1,487,253      13,113   1,014,389      30,715      19,875     100,871      40,888      68,674      12,131       9,358      20,409      37,438     119,392
    U.S. Treasury, General Account              85,605           0      85,605           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                               165           1         136           4           3           8           2           1           0           1           0           1           6
    Other                                       52,831           7      52,651           1           0         128           1          34           4           2           1           1           3
  Deferred availability cash items               1,312          72           0         184         172          33          66          86          48         323          56          55         216
  Interest on Federal Reserve notes due
     to U.S. Treasury (14)                       1,170          22         557          38          27         139          89          61          23          19          25          50         121
  Other liabilities and accrued
     dividends (15)                             16,082         190      12,642         265         278         724         415         358         162         131         152         243         521

Total liabilities                            2,762,889      55,046   1,574,932      74,481      66,713     196,380     167,189     153,511      43,785      27,175      54,481     109,688     239,510

Capital
  Capital paid in                               26,981         943       8,645       2,408       1,988       5,565       1,532         761         220         110         268         425       4,116
  Surplus                                       26,981         943       8,645       2,408       1,988       5,565       1,532         761         220         110         268         425       4,116
  Other capital                                      0           0           0           0           0           0           0           0           0           0           0           0           0

Total liabilities and capital                2,816,851      56,932   1,592,223      79,297      70,689     207,510     170,252     155,033      44,225      27,394      55,016     110,538     247,742
 
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,  November 30, 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                                                       Nov 30, 2011 
 
Federal Reserve notes outstanding                                                          1,194,306
  Less: Notes held by F.R. Banks not subject to collateralization                            173,859
    Federal Reserve notes to be collateralized                                             1,020,447
Collateral held against Federal Reserve notes                                              1,020,447
  Gold certificate account                                                                    11,037
  Special drawing rights certificate account                                                   5,200
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                 1,004,210
  Other assets pledged                                                                             0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                     2,604,999
  Less: Face value of securities under reverse repurchase agreements                          82,009
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged      2,522,990
 
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.