FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and

Condition Statement of Federal Reserve Banks October 6, 2011

1. Factors Affecting Reserve Balances of Depository Institutions

Millions of dollars

Averages of daily figures Wednesday

 Oct 5, 2011 Week ended

 Oct 5, 2011

Change from week ended

Sep 28, 2011 Oct 6, 2010

Reserve Bank credit, related items, and

reserve balances of depository institutions at

Federal Reserve Banks

Reserve Bank credit 2,835,674 - 2,681 + 551,117 2,842,830

Securities held outright1 2,645,193 - 2,333 + 598,245 2,650,936

U.S. Treasury securities 1,666,041 + 2,441 + 851,737 1,671,784

Bills2 18,423 0 0 18,423

Notes and bonds, nominal2 1,570,406 + 1,608 + 822,337 1,576,077

Notes and bonds, inflation-indexed2 67,548 + 723 + 25,230 67,597

Inflation compensation3 9,665 + 112 + 4,172 9,688

Federal agency debt securities2 108,268 0 - 45,837 108,268

Mortgage-backed securities4 870,883 - 4,776 - 207,656 870,883

Repurchase agreements5 0 0 0 0

Loans 11,406 - 45 - 37,747 11,396

Primary credit 26 - 3 - 63 29

Secondary credit 0 0 0 0

Seasonal credit 76 - 13 + 11 63

Credit extended to American International

Group, Inc., net6 0 0 - 19,497 0

Term Asset-Backed Securities Loan Facility7 11,303 - 30 - 18,198 11,303

Other credit extensions 0 0 0 0

Net portfolio holdings of Maiden Lane LLC8 15,486 + 2 - 12,992 15,485

Net portfolio holdings of Maiden Lane II LLC9 9,957 - 12 - 5,890 9,852

Net portfolio holdings of Maiden Lane III LLC10 21,181 + 16 - 1,822 21,235

Net portfolio holdings of TALF LLC11 785 0 + 184 785

Preferred interests in AIA Aurora LLC and ALICO

Holdings LLC6 0 0 - 26,057 0

Float -1,051 - 97 + 660 -1,254

Central bank liquidity swaps12 500 0 + 439 500

Other Federal Reserve assets13 132,217 - 211 + 36,096 133,895

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding14 44,135 + 14 + 722 44,135

Total factors supplying reserve funds 2,896,050 - 2,666 + 551,839 2,903,205

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

 Oct 5, 2011 Week ended

 Oct 5, 2011

Change from week ended

Sep 28, 2011 Oct 6, 2010

Reserve Bank credit, related items, and

reserve balances of depository institutions at

Federal Reserve Banks

Currency in circulation14 1,038,966 + 3,196 + 82,745 1,042,420

Reverse repurchase agreements15 84,097 + 218 + 20,103 82,828

Foreign official and international accounts 84,097 + 218 + 20,103 82,828

Others 0 0 0 0

Treasury cash holdings 125 + 11 - 110 130

Deposits with F.R. Banks, other than reserve balances 97,537 - 33,168 - 168,246 83,282

Term deposits held by depository institutions 5,077 0 + 2,958 5,077

U.S. Treasury, General Account 43,655 - 12,063 - 14,470 31,623

U.S. Treasury, Supplementary Financing Account 0 0 - 199,962 0

Foreign official 1,570 + 1,068 - 614 219

Service-related 2,514 - 1 + 107 2,514

Required clearing balances 2,514 - 1 + 107 2,514

Adjustments to compensate for float 0 0 0 0

Other 44,722 - 22,170 + 43,735 43,850

Funds from American International Group, Inc. asset

dispositions, held as agent6 0 0 0 0

Other liabilities and capital16 70,935 - 425 - 1,712 70,453

Total factors, other than reserve balances,

absorbing reserve funds 1,291,660 - 30,168 - 67,220 1,279,113

Reserve balances with Federal Reserve Banks 1,604,390 + 27,502 + 619,059 1,624,092

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.
H.4.1

1A. Memorandum Items

Millions of dollars

Averages of daily figures Wednesday

 Oct 5, 2011 Week ended

 Oct 5, 2011

Change from week ended

Sep 28, 2011 Oct 6, 2010

Memorandum item

Marketable securities held in custody for foreign

official and international accounts1 3,424,622 - 11,396 + 173,517 3,418,465

U.S. Treasury securities 2,700,942 - 3,882 + 201,192 2,696,710

Federal agency securities2 723,680 - 7,514 - 27,675 721,755

Securities lent to dealers 14,616 + 3,271 + 5,068 11,198

Overnight facility3 14,616 + 3,271 + 5,068 11,198

U.S. Treasury securities 13,686 + 3,091 + 5,716 10,219

Federal agency debt securities 930 + 180 - 648 979

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, October 5, 2011

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

Loans1 35 57 3,965 7,338 0 ... 11,396

U.S. Treasury securities2

Holdings 14,641 23,926 130,712 717,655 583,799 201,050 1,671,784

Weekly changes - 1,268 + 1,049 + 1,600 + 3,121 + 109 + 2,517 + 7,129

Federal agency debt securities3

Holdings 600 3,674 20,589 62,913 18,145 2,347 108,268

Weekly changes + 600 + 102 - 702 0 0 0 0

Mortgage-backed securities4

Holdings 0 0 0 13 22 870,848 870,883

Weekly changes 0 0 0 - 1 0 0 0

Asset-backed securities held by

TALF LLC5 0 0 0 0 0 0 0

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

Central bank liquidity swaps7 500 0 0 0 0 0 500

Reverse repurchase agreements6 82,828 0 ... ... ... ... 82,828

Term deposits 5,077 0 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.
H.4.1

3. Supplemental Information on Mortgage-Backed Securities

Millions of dollars

Wednesday

 Oct 5, 2011 Account name

Mortgage-backed securities held outright1 870,883

Commitments to buy mortgage-backed securities2 3,950

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 8 and table 9.

4. Information on Principal Accounts of Maiden Lane LLC

Millions of dollars

Wednesday

 Oct 5, 2011 Account name

Net portfolio holdings of Maiden Lane LLC1 15,485

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2 12,212

Accrued interest payable to the Federal Reserve Bank of New York2 739

Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co.3 1,368

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

 Oct 5, 2011 Account name

Net portfolio holdings of Maiden Lane II LLC1 9,852

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2 6,507

Accrued interest payable to the Federal Reserve Bank of New York2 548

Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc.3 1,098

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.
H.4.1

6. Information on Principal Accounts of Maiden Lane III LLC

Millions of dollars

Wednesday

 Oct 5, 2011 Account name

Net portfolio holdings of Maiden Lane III LLC1 21,235

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2 10,221

Accrued interest payable to the Federal Reserve Bank of New York2 661

Outstanding principal amount and accrued interest on loan payable to American International Group, Inc.3 5,499

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

 Oct 5, 2011 Account name

Asset-backed securities holdings1 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 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 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.
H.4.1

8. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Eliminations from

consolidation

Wednesday

 Oct 5, 2011

Change since

Wednesday

Sep 28, 2011

Wednesday

 Oct 6, 2010

Assets, liabilities, and capital

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 5,200 0 0

Coin 2,257 + 13 + 143

Securities, repurchase agreements, and loans 2,662,332 + 7,064 + 561,133

Securities held outright1 2,650,936 + 7,130 + 599,220

U.S. Treasury securities 1,671,784 + 7,129 + 852,712

Bills2 18,423 0 0

Notes and bonds, nominal2 1,576,077 + 6,748 + 823,245

Notes and bonds, inflation-indexed2 67,597 + 343 + 25,279

Inflation compensation3 9,688 + 39 + 4,189

Federal agency debt securities2 108,268 0 - 45,837

Mortgage-backed securities4 870,883 0 - 207,656

Repurchase agreements5 0 0 0

Loans 11,396 - 66 - 38,087

Net portfolio holdings of Maiden Lane LLC6 15,485 - 21 - 13,025

Net portfolio holdings of Maiden Lane II LLC7 9,852 - 147 - 5,822

Net portfolio holdings of Maiden Lane III LLC8 21,235 + 65 - 1,547

Net portfolio holdings of TALF LLC9 785 0 + 184

Preferred interests in AIA Aurora LLC and ALICO

Holdings LLC10 0 0 - 26,057

Items in process of collection (122) 263 - 17 - 200

Bank premises 2,181 - 4 - 41

Central bank liquidity swaps11 500 0 + 439

Other assets12 131,705 + 1,647 + 36,392

Total assets (122) 2,862,832 + 8,599 + 551,601

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

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

Millions of dollars

Eliminations from

consolidation

Wednesday

 Oct 5, 2011

Change since

Wednesday

Sep 28, 2011

Wednesday

 Oct 6, 2010

Assets, liabilities, and capital

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 1,000,668 + 4,348 + 82,059

Reverse repurchase agreements13 82,828 + 13 + 18,388

Deposits (0) 1,707,365 + 4,249 + 453,952

Term deposits held by depository institutions 5,077 0 + 2,958

Other deposits held by depository institutions 1,626,597 + 17,601 + 626,583

U.S. Treasury, General Account 31,623 - 13,319 - 17,907

U.S. Treasury, Supplementary Financing Account 0 0 - 199,962

Foreign official 219 - 6 - 1,126

Other (0) 43,850 - 26 + 43,406

Deferred availability cash items (122) 1,517 + 214 - 1,081

Other liabilities and accrued dividends14 18,420 - 249 + 3,391

Total liabilities (122) 2,810,799 + 8,575 + 556,710

Capital accounts

Capital paid in 26,016 + 12 - 671

Surplus 26,016 + 12 + 135

Other capital accounts 0 0 - 4,575

Total capital 52,033 + 25 - 5,109

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.
H.4.1

9. Statement of Condition of Each Federal Reserve Bank, October 5, 2011Millions of dollars

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

Assets, liabilities, and capital

Assets

Gold certificate account 11,037 390 3,866 432 450 872 1,394 854 319 Special drawing rights certificate acct. 5,200 196 1,818 210 237 412 654 424 150 Coin 2,257 56 82 163 160 384 209 336 34 Securities, repurchase agreements,

and loans 2,662,332 65,177 1,244,102 90,811 71,607 306,156 197,090 157,457 50,186 

Securities held outright1 2,650,936 65,177 1,232,799 90,811 71,607 306,156 197,077 157,427 50,174 

U.S. Treasury securities 1,671,784 41,103 777,451 57,269 45,158 193,074 124,285 99,280 31,642 

Bills2 18,423 453 8,567 631 498 2,128 1,370 1,094 349 Notes and bonds3 1,653,362 40,650 768,884 56,638 44,661 190,946 122,915 98,186 31,293 

Federal agency debt securities2 108,268 2,662 50,349 3,709 2,925 12,504 8,049 6,430 2,049 

Mortgage-backed securities4 870,883 21,412 404,998 29,833 23,524 100,578 64,744 51,718 16,483 

Repurchase agreements5 0 0 0 0 0 0 0 0 0 Loans 11,396 0 11,303 0 0 0 12 30 12 

Net portfolio holdings of Maiden

Lane LLC6 15,485 0 15,485 0 0 0 0 0 0 

Net portfolio holdings of Maiden

Lane II LLC7 9,852 0 9,852 0 0 0 0 0 0 

Net portfolio holdings of Maiden

Lane III LLC8 21,235 0 21,235 0 0 0 0 0 0 

Net portfolio holdings of TALF LLC9 785 0 785 0 0 0 0 0 0 

Preferred interests in AIA Aurora LLC

and ALICO Holdings LLC10 0 0 0 0 0 0 0 0 0 

Items in process of collection 385 41 0 45 118 7 18 40 7 Bank premises 2,181 123 255 67 126 234 214 205 134 Central bank liquidity swaps11 500 17 145 48 37 103 29 13 4 Other assets12 131,705 3,527 56,405 6,173 4,815 17,645 9,372 6,912 2,240 Interdistrict settlement account 0 + 7,107 + 261,481 - 14,236 - 2,004 - 134,900 - 34,623 - 13,553 - 8,246 - 

Total assets 2,862,954 76,633 1,615,510 83,714 75,547 190,913 174,356 152,688 44,828 

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

9. Statement of Condition of Each Federal Reserve Bank, October 5, 2011 (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 1,167,703 43,194 389,168 46,444 54,901 95,453 146,404 90,457 33,913 

Less: Notes held by F.R. Banks 167,035 5,664 45,460 6,959 8,666 11,877 26,310 12,995 4,339 

Federal Reserve notes, net 1,000,668 37,530 343,708 39,485 46,235 83,576 120,093 77,463 29,574 

Reverse repurchase agreements13 82,828 2,036 38,519 2,837 2,237 9,566 6,158 4,919 1,568 

Deposits 1,707,365 34,861 1,203,370 36,042 22,631 85,759 44,517 68,220 12,975 

Term deposits held by depository

institutions 5,077 20 1,270 605 0 2,015 0 555 0 

Other deposits held by depository

institutions 1,626,597 34,819 1,126,706 35,433 22,628 83,533 44,515 67,637 12,966 

U.S. Treasury, General Account 31,623 0 31,623 0 0 0 0 0 0 U.S. Treasury, Supplementary

Financing Account 0 0 0 0 0 0 0 0 0 

Foreign official 219 1 190 4 3 8 2 1 0 Other 43,850 21 43,581 0 0 203 0 28 8 

Deferred availability cash items 1,639 109 0 260 203 53 94 122 64 Interest on Federal Reserve notes due

to U.S. Treasury14 1,058 14 554 10 6 96 114 60 24 

Other liabilities and accrued

dividends15 17,363 197 13,762 265 271 740 448 382 173 

Total liabilities 2,810,921 74,748 1,599,912 78,899 71,582 179,789 171,424 151,166 44,377 Capital

Capital paid in 26,016 943 7,799 2,407 1,982 5,562 1,466 761 225 Surplus 26,016 943 7,799 2,407 1,982 5,562 1,466 761 225 Other capital 0 0 0 0 0 0 0 0 0 

Total liabilities and capital 2,862,954 76,633 1,615,510 83,714 75,547 190,913 174,356 152,688 44,828 

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

9. Statement of Condition of Each Federal Reserve Bank, October 5, 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 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. 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 inte

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 Res

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 centr

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 

of New York (FRBNY) to eligible	borrowers through the Term Asset-Backed Securities Loan Facility. Before the closing of the AIG recapitalization plan on Janudividends 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 

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 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 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 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 Y

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 recapitincluded 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 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 8), 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 8).
H.4.1

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

Millions of dollars

Wednesday

 Oct 5, 2011 Federal Reserve notes and collateral

Federal Reserve notes outstanding 1,167,703

Less: Notes held by F.R. Banks not subject to collateralization 167,035

Federal Reserve notes to be collateralized 1,000,668

Collateral held against Federal Reserve notes 1,000,668

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 984,431

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 2,650,936

Less: Face value of securities under reverse repurchase agreements 71,429

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 2,579,507

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.