FEDERAL RESERVE statistical release
H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
                                                                                            December 30, 2010
 
1. Factors Affecting Reserve Balances of Depository Institutions
Millions of dollars
Reserve Bank credit, related items, and                         Averages of daily figures         Wednesday  
reserve balances of depository institutions at             Week ended   Change from week ended   Dec 29, 2010
Federal Reserve Banks                                     Dec 29, 2010 Dec 22, 2010 Dec 30, 2009
 
Reserve Bank credit                                        2,407,735   +   19,239   +  190,406    2,403,418
  Securities held outright (1)                             2,159,177   +   16,457   +  313,140    2,155,703
    U.S. Treasury securities                               1,010,285   +   23,740   +  233,702    1,016,102
      Bills (2)                                               18,423            0            0       18,423
      Notes and bonds, nominal (2)                           937,566   +   22,251   +  229,917      943,377
      Notes and bonds, inflation-indexed (2)                  48,125   +    1,388   +    3,482       48,125
      Inflation compensation (3)                               6,172   +      102   +      303        6,178
    Federal agency debt securities (2)                       147,460   -       61   -   12,419      147,460
    Mortgage-backed securities (4)                         1,001,432   -    7,222   +   91,857      992,141
  Repurchase agreements (5)                                        0            0            0            0
  Term auction credit                                              0            0   -   75,918            0
  Other loans                                                 45,112   -      459   -   43,021       45,084
    Primary credit                                                52   +       24   -   18,691           58
    Secondary credit                                              15   +       15   -      941           17
    Seasonal credit                                               24   -        4   -       15           23
    Credit extended to American International
       Group, Inc., net (6)                                   20,278   -      347   -      493       20,282
    Term Asset-Backed Securities Loan Facility (7)            24,743   -      147   -   22,881       24,704
    Other credit extensions                                        0            0            0            0
  Net portfolio holdings of Commercial Paper
     Funding Facility LLC (8)                                      0            0   -   14,061            0
  Net portfolio holdings of Maiden Lane LLC (9)               26,935   +       19   +      338       26,974
  Net portfolio holdings of Maiden Lane II LLC (10)           16,157   +       12   +      559       16,197
  Net portfolio holdings of Maiden Lane III LLC (11)          23,131   +        9   +      480       23,142
  Net portfolio holdings of TALF LLC (12)                        665   +       12   +      367          665
  Preferred interests in AIA Aurora LLC and ALICO
     Holdings LLC (13)                                        26,057            0   +    1,057       26,057
  Float                                                       -1,412   +      182   +      410       -1,624
  Central bank liquidity swaps (14)                               75            0   -   10,197           75
  Other Federal Reserve assets (15)                          111,838   +    3,007   +   17,251      111,146
Gold stock                                                    11,041            0            0       11,041
Special drawing rights certificate account                     5,200            0            0        5,200
Treasury currency outstanding (16)                            43,567   +       14   +      877       43,567

Total factors supplying reserve funds                      2,467,544   +   19,254   +  191,284    2,463,227
 
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   Dec 29, 2010
Federal Reserve Banks                                     Dec 29, 2010 Dec 22, 2010 Dec 30, 2009
 
Currency in circulation (16)                                 983,700   +    3,212   +   54,161      984,980
Reverse repurchase agreements (17)                            55,763   +    4,507   -    9,951       59,246
  Foreign official and international accounts                 55,763   +    4,507   -    9,951       59,246
  Others                                                           0            0            0            0
Treasury cash holdings                                           184   +        6   -       49          177
Deposits with F.R. Banks, other than reserve balances        300,234   -    3,282   +  153,054      300,388
  Term deposits held by depository institutions                5,113            0   +    5,113        5,113
  U.S. Treasury, general account                              87,472   -    4,007   -   31,051       88,905
  U.S. Treasury, supplementary financing account             199,963   +        2   +  188,535      199,963
  Foreign official                                             4,149   -       60   +    1,809        3,670
  Service-related                                              2,359            0   -      666        2,359
    Required clearing balances                                 2,359            0   -      666        2,359
    Adjustments to compensate for float                            0            0            0            0
  Other                                                        1,179   +      784   -   10,684          378
Funds from American International Group, Inc. asset
   dispositions, held as agent (18)                           26,896   +       58   +   26,896       26,896
Other liabilities and capital (19)                            73,457   +      285   +    6,623       72,962

Total factors, other than reserve balances,
   absorbing reserve funds                                 1,440,235   +    4,786   +  230,735    1,444,649

Reserve balances with Federal Reserve Banks                1,027,309   +   14,468   -   39,451    1,018,578
 
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.

 
1A. Memorandum Items
Millions of dollars
                                                                Averages of daily figures         Wednesday  
                                                           Week ended   Change from week ended   Dec 29, 2010
Memorandum item                                           Dec 29, 2010 Dec 22, 2010 Dec 30, 2009
 
Marketable securities held in custody for foreign
   official and international accounts (1)                 3,350,325   -      741   +  395,031    3,351,408
  U.S. Treasury securities                                 2,616,387   -    3,978   +  430,104    2,617,917
  Federal agency securities (2)                              733,938   +    3,237   -   35,074      733,491
Securities lent to dealers                                    10,630   +      669   +    1,316       14,930
  Overnight facility (3)                                      10,630   +      669   +    1,316       14,930
    U.S. Treasury securities                                   9,381   +      625   +      832       13,450
    Federal agency debt securities                             1,249   +       44   +      485        1,480
 
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 29, 2010
Millions of dollars
                                       Within 15    16 days to   91 days to  Over 1 year  Over 5 years    Over 10        All     
Remaining maturity                        days       90 days       1 year     to 5 years   to 10 years     years    
 
Other loans (1)                               98            0            0       44,986            0           ...       45,084
U.S. Treasury securities (2)
  Holdings                                19,603       15,044       55,980      433,903      332,500       159,070    1,016,102
  Weekly changes                      +    2,156   -    2,156   +        1   +    6,783   +        4    +    2,076   +    8,865
Federal agency debt securities (3)
  Holdings                                 1,129       13,836       28,501       71,050       30,597         2,347      147,460
  Weekly changes                      +    1,129   +    6,370   -    6,797   -      702            0             0            0
Mortgage-backed securities (4)
  Holdings                                     0            0            0           24           20       992,097      992,141
  Weekly changes                               0            0            0   -        1   -        1    -   16,258   -   16,259
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)              75            0            0            0            0             0           75

Reverse repurchase agreements (6)         59,246            0          ...          ...          ...           ...       59,246
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.

 
3. Supplemental Information on Mortgage-Backed Securities Purchase Program
Millions of dollars
                                                                                                                        Wednesday   
Account name                                                                                                           Dec 29, 2010 
 
Mortgage-backed securities held outright (1)                                                                             992,141

Commitments to buy mortgage-backed securities (2)                                                                              0
Commitments to sell mortgage-backed securities (2)                                                                             0

Cash and cash equivalents (3)                                                                                                  0
 
1. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal
   balance of the underlying mortgages.
2. Current face value. Generally settle within 180 days and include commitments associated with outright transactions, dollar rolls,
   and coupon swaps.
3. This amount is included in other Federal Reserve assets in table 1 and in other assets in table 9 and table 10.

 
4. Information on Principal Accounts of Maiden Lane LLC
Millions of dollars
                                                                                                                        Wednesday   
Account name                                                                                                           Dec 29, 2010 
 
Net portfolio holdings of Maiden Lane LLC (1)                                                                             26,974

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                 25,228
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                         617
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3)                              1,314
 
1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to
   be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of
   September 30, 2010. Any assets purchased after this valuation date are initially recorded at cost until their estimated fair
   value as of the purchase date becomes available.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent
   with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 10.
3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities
   and accrued dividends in table 9 and table 10.

Note: On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended credit to Maiden Lane LLC under the authority of
section 13(3) of the Federal Reserve Act. This limited liability company was formed to acquire certain assets of Bear Stearns and to
manage those assets through time to maximize repayment of the credit extended and to minimize disruption to financial markets.
Payments by Maiden Lane LLC from the proceeds of the net portfolio holdings will be made in the following order: operating expenses
of the LLC, principal due to the FRBNY, interest due to the FRBNY, principal due to JPMorgan Chase & Co., and interest due to
JPMorgan Chase & Co. Any remaining funds will be paid to the FRBNY.

 
5. Information on Principal Accounts of Maiden Lane II LLC
Millions of dollars
                                                                                                                        Wednesday   
Account name                                                                                                           Dec 29, 2010 
 
Net portfolio holdings of Maiden Lane II LLC (1)                                                                          16,197

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                 13,034
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                         450
Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc. (3)                    1,071
 
1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to
   be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of
   September 30, 2010. Any assets purchased after this valuation date are initially recorded at cost until their estimated fair
   value as of the purchase date becomes available.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent
   with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 10.
3. Book value. The deferred payment represents the portion of the proceeds of the net portfolio holdings due to subsidiaries of
   American International Group, Inc. in accordance with the asset purchase agreement. The fair value of this payment and accrued
   interest payable are included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table
   9 and table 10.

Note: On December 12, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden Lane II LLC under the
authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to purchase residential
mortgage-backed securities from the U.S. securities lending reinvestment portfolio of subsidiaries of American International Group,
Inc. (AIG subsidiaries). Payments by Maiden Lane II LLC from the proceeds of the net portfolio holdings will be made in the
following order: operating expenses of Maiden Lane II LLC, principal due to the FRBNY, interest due to the FRBNY, and deferred
payment and interest due to AIG subsidiaries. Any remaining funds will be shared by the FRBNY and AIG subsidiaries.

 
6. Information on Principal Accounts of Maiden Lane III LLC
Millions of dollars
                                                                                                                        Wednesday   
Account name                                                                                                           Dec 29, 2010 
 
Net portfolio holdings of Maiden Lane III LLC (1)                                                                         23,142

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                 13,526
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                         545
Outstanding principal amount and accrued interest on loan payable to American International Group, Inc. (3)                5,365
 
1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to
   be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of
   September 30, 2010. Any assets purchased after this valuation date are initially recorded at cost until their estimated fair
   value as of the purchase date becomes available.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent
   with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 10.
3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities
   and accrued dividends in table 9 and table 10.

Note: On November 25, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden Lane III LLC under the
authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to purchase multi-sector
collateralized debt obligations (CDOs) on which the Financial Products group of American International Group, Inc. (AIG) has written
credit default swap (CDS) contracts. In connection with the purchase of CDOs, the CDS counterparties will concurrently unwind the
related CDS transactions. Payments by Maiden Lane III LLC from the proceeds of the net portfolio holdings will be made in the
following order: operating expenses of Maiden Lane III LLC, principal due to the FRBNY, interest due to the FRBNY, principal due to
AIG, and interest due to AIG. Any remaining funds will be shared by the FRBNY and AIG.

 
7. Information on Principal Accounts of TALF LLC
Millions of dollars
                                                                                                                        Wednesday   
Account name                                                                                                           Dec 29, 2010 
 
Asset-backed securities holdings (1)                                                                                           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 York (2)                                      0
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                           0
Funding provided by U.S. Treasury to TALF LLC, including accrued interest payable (3)                                        106
 
1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to
   be conducted in an orderly market on the measurement date.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent
   with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 10.
3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities
   and accrued dividends in table 9 and table 10.

Note: On November 25, 2008, the Federal Reserve announced the creation of the Term Asset-Backed Securities Loan Facility (TALF)
under the authority of section 13(3) of the Federal Reserve Act. The TALF is a facility under which the Federal Reserve Bank of New
York (FRBNY) extends loans with a term of up to five years to holders of eligible asset-backed securities. The TALF is intended to
assist financial markets in accommodating the credit needs of consumers and businesses by facilitating the issuance of asset-backed
securities collateralized by a variety of consumer and business loans. The loans provided through the TALF to eligible borrowers are
non-recourse, meaning that the obligation of the borrower can be discharged by surrendering the collateral to the FRBNY. The loans
are extended for the market value of the security less an amount known as a haircut. As a result, the borrower bears the initial
risk of a decline in the value of the security.

TALF LLC is a limited liability company formed to purchase and manage any asset-backed securities received by the FRBNY in
connection with the decision of a borrower not to repay a TALF loan. TALF LLC has committed, for a fee, to purchase all asset-backed
securities received by the FRBNY in conjunction with a TALF loan at a price equal to the TALF loan plus accrued but unpaid interest.
Losses on asset-backed securities held by TALF LLC will be offset in the following order: by the commitment fees collected by TALF
LLC, by the interest received on investments of TALF LLC, by up to $4.3 billion in subordinated debt funding provided by the U.S.
Treasury, and finally, by senior debt funding provided by the FRBNY. Payments by TALF LLC from the proceeds of its net portfolio
holdings will be made in the following order: operating expenses of TALF LLC, principal due to the FRBNY, principal due to the U.S.
Treasury, interest due to the FRBNY, and interest due to the U.S. Treasury. Any remaining funds will be shared by the FRBNY and the
U.S. Treasury.

 
8. Supplemental Information on the Federal Reserve Bank of New York's Preferred Interests in
AIA Aurora LLC and ALICO Holdings LLC
Millions of dollars
                                                                                                                        Wednesday   
Account name                                                                                                           Dec 29, 2010 
 
Preferred interests in AIA Aurora LLC and ALICO Holdings LLC (1)                                                          26,057
Accrued dividends on preferred interests in AIA Aurora LLC and ALICO Holdings LLC (2)                                        321

Preferred interests in AIA Aurora LLC (1)                                                                                 16,676
Accrued dividends on preferred interests in AIA Aurora LLC (2)                                                               206

Preferred interests in ALICO Holdings LLC (1)                                                                              9,380
Accrued dividends on preferred interests in ALICO Holdings LLC (2)                                                           116
 
Note: Components may not sum to totals because of rounding.

1. Book value.
2. This amount is included in other Federal Reserve assets in table 1 and in other assets in table 9 and table 10.

Note on preferred interests:

In conjunction with the restructuring of the government's assistance to American International Group, Inc. (AIG) announced March 2,
2009, the outstanding balance and amount available of revolving credit provided to AIG by the FRBNY has been reduced in exchange for
preferred interests in two special purpose vehicles, AIA Aurora LLC and ALICO Holdings LLC. These two limited liability companies
were created to directly or indirectly hold all of the outstanding common stock of American International Assurance Company Ltd.
(AIA) and American Life Insurance Company (ALICO), two life insurance subsidiaries of AIG. AIG will retain control of AIA Aurora LLC
and ALICO Holdings LLC, and the FRBNY will have certain consent, disposition, and conversion rights with respect to its preferred
interests.

Dividends accrue as a percentage of the FRBNY's preferred interests in AIA Aurora LLC and ALICO Holdings LLC. On a quarterly basis,
the accrued dividends are capitalized and added to the FRBNY's preferred interests in AIA Aurora LLC and ALICO Holdings LLC.

 
9. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of dollars
                                                       Eliminations from  Wednesday         Change since       
                                                        consolidation   Dec 29, 2010   Wednesday    Wednesday  
Assets, liabilities, and capital                                                      Dec 22, 2010 Dec 30, 2009
 
Assets
  Gold certificate account                                                  11,037             0            0
  Special drawing rights certificate account                                 5,200             0            0
  Coin                                                                       2,164    +       16   +      117
  Securities, repurchase agreements, term auction
     credit, and other loans                                             2,200,787    -    7,411   +  190,448
    Securities held outright (1)                                         2,155,703    -    7,394   +  310,981
      U.S. Treasury securities                                           1,016,102    +    8,865   +  239,515
        Bills (2)                                                           18,423             0            0
        Notes and bonds, nominal (2)                                       943,377    +    8,850   +  235,728
        Notes and bonds, inflation-indexed (2)                              48,125             0   +    3,482
        Inflation compensation (3)                                           6,178    +       16   +      305
      Federal agency debt securities (2)                                   147,460             0   -   12,419
      Mortgage-backed securities (4)                                       992,141    -   16,259   +   83,884
    Repurchase agreements (5)                                                    0             0            0
    Term auction credit                                                          0             0   -   75,918
    Other loans                                                             45,084    -       17   -   44,615
  Net portfolio holdings of Commercial Paper
     Funding Facility LLC (6)                                                    0             0   -   14,072
  Net portfolio holdings of Maiden Lane LLC (7)                             26,974    +       45   +      307
  Net portfolio holdings of Maiden Lane II LLC (8)                          16,197    +       46   +      500
  Net portfolio holdings of Maiden Lane III LLC (9)                         23,142    +       13   +      482
  Net portfolio holdings of TALF LLC (10)                                      665             0   +      367
  Preferred interests in AIA Aurora LLC and ALICO
     Holdings LLC (11)                                                      26,057             0   +    1,057
  Items in process of collection                            (104)              225    -      272   -       52
  Bank premises                                                              2,229    +        3   -       20
  Central bank liquidity swaps (12)                                             75             0   -   10,197
  Other assets (13)                                                        108,707    +      247   +   17,264

Total assets                                                (104)        2,423,457    -    7,315   +  186,199
 
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.

 
9. Consolidated Statement of Condition of All Federal Reserve Banks (continued)
Millions of dollars
                                                       Eliminations from  Wednesday         Change since       
                                                        consolidation   Dec 29, 2010   Wednesday    Wednesday  
Assets, liabilities, and capital                                                      Dec 22, 2010 Dec 30, 2009
 
Liabilities
  Federal Reserve notes, net of F.R. Bank holdings                         943,749    +    1,327   +   54,071
  Reverse repurchase agreements (14)                                        59,246    +    8,112   -   11,204
  Deposits                                                    (0)        1,318,755    -   16,758   +  109,620
    Term deposits held by depository institutions                            5,113             0   +    5,113
    Other deposits held by depository institutions                       1,020,726    -   14,798   -    4,545
    U.S. Treasury, general account                                          88,905    -    1,008   -   60,914
    U.S. Treasury, supplementary financing account                         199,963    +        2   +  194,962
    Foreign official                                                         3,670    -      911   +    1,401
    Other                                                     (0)              378    -       43   -   26,396
  Deferred availability cash items                          (104)            1,850    -      367   -      383
  Other liabilities and accrued dividends (15)                              43,256    +      177   +   29,614

Total liabilities                                           (104)        2,366,855    -    7,510   +  181,716

Capital accounts
  Capital paid in                                                           26,525    +       51   +      880
  Surplus                                                                   25,951    +        6   +    4,469
  Other capital accounts                                                     4,126    +      138   -      867

Total capital                                                               56,602    +      195   +    4,483
 
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.


 
10. Statement of Condition of Each Federal Reserve Bank,  December 29, 2010
Millions of dollars
                                               Total      Boston     New York   Philadelphia Cleveland   Richmond     Atlanta     Chicago    St. Louis  Minneapolis   Kansas      Dallas        San    
Assets, liabilities, and capital                                                                                                                                       City                  Francisco 
 
Assets
  Gold certificate account                      11,037         369       4,038         404         463         846       1,385         887         324         203         296         652       1,170
  Special drawing rights certificate acct.       5,200         196       1,818         210         237         412         654         424         150          90         153         282         574
  Coin                                           2,164          47          68         172         162         352         187         335          35          59         159         236         353
  Securities, repurchase agreements,
     term auction credit, and other
     loans                                   2,200,787      54,554     924,629      50,359      73,242     245,523     203,991     162,529      55,537      29,529      73,959      90,520     236,416
    Securities held outright (1)             2,155,703      54,554     879,641      50,342      73,242     245,511     203,989     162,511      55,527      29,511      73,949      90,519     236,408
      U.S. Treasury securities               1,016,102      25,714     414,623      23,729      34,523     115,723      96,151      76,600      26,173      13,910      34,856      42,667     111,432
        Bills (2)                               18,423         466       7,517         430         626       2,098       1,743       1,389         475         252         632         774       2,020
        Notes and bonds (3)                    997,679      25,248     407,106      23,299      33,897     113,625      94,408      75,211      25,698      13,658      34,224      41,893     109,412
      Federal agency debt securities (2)       147,460       3,732      60,171       3,444       5,010      16,794      13,954      11,116       3,798       2,019       5,058       6,192      16,171
      Mortgage-backed securities (4)           992,141      25,108     404,846      23,169      33,709     112,994      93,884      74,794      25,556      13,582      34,034      41,660     108,804
    Repurchase agreements (5)                        0           0           0           0           0           0           0           0           0           0           0           0           0
    Term auction credit                              0           0           0           0           0           0           0           0           0           0           0           0           0
    Other loans                                 45,084           0      44,988          17           0          12           2          18          10          18          10           1           8
  Net portfolio holdings of Commercial
     Paper Funding Facility LLC (6)                  0           0           0           0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of Maiden
     Lane LLC (7)                               26,974           0      26,974           0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of Maiden
     Lane II LLC (8)                            16,197           0      16,197           0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of Maiden
     Lane III LLC (9)                           23,142           0      23,142           0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of TALF LLC (10)          665           0         665           0           0           0           0           0           0           0           0           0           0
  Preferred interests in AIA Aurora LLC
     and ALICO Holdings LLC (11)                26,057           0      26,057           0           0           0           0           0           0           0           0           0           0
  Items in process of collection                   329           6           0          54          93           6          29          33          14          29          27          21          19
  Bank premises                                  2,229         126         257          68         141         239         218         210         136         107         265         248         214
  Central bank liquidity swaps (12)                 75           3          22           8           6          21           5           2           1           2           1           1           5
  Other assets (13)                            108,707       3,061      41,537       4,764       4,726      16,595       9,382       6,802       2,376       1,872       3,039       3,830      10,721
  Interdistrict settlement account                   0   -   3,413   + 210,577   +  14,435   -  23,202   -  20,632   -  47,683   -  35,363   -  17,670   -   7,541   -  17,921   -   4,174   -  47,412

Total assets                                 2,423,562      54,949   1,275,980      70,474      55,867     243,362     168,167     135,859      40,902      24,350      59,978      91,615     202,059
 
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.

 
10. Statement of Condition of Each Federal Reserve Bank,  December 29, 2010 (continued)
Millions of dollars
                                               Total      Boston     New York   Philadelphia Cleveland   Richmond     Atlanta     Chicago    St. Louis  Minneapolis   Kansas      Dallas        San    
Assets, liabilities, and capital                                                                                                                                       City                  Francisco 
 
Liabilities
  Federal Reserve notes outstanding          1,122,842      41,168     383,870      45,539      45,933      90,128     142,128      86,476      32,371      19,938      33,224      76,012     126,055
    Less: Notes held by F.R. Banks             179,094       4,669      64,682       4,827       7,108      12,735      21,139      11,868       4,268       5,755       3,478      11,704      26,861
      Federal Reserve notes, net               943,749      36,499     319,189      40,712      38,826      77,393     120,989      74,608      28,103      14,183      29,746      64,309      99,194
  Reverse repurchase agreements (14)            59,246       1,499      24,175       1,384       2,013       6,747       5,606       4,466       1,526         811       2,032       2,488       6,497
  Deposits                                   1,318,755      14,778     877,171      22,434      10,510     145,570      37,737      54,791      10,549       7,059      27,404      23,623      87,132
    Term deposits held by depository
       institutions                              5,113          20       1,978         800          15         414          12          17           5           5          14          15       1,818
    Other deposits held by depository
       institutions                          1,020,726      14,752     582,465      21,626      10,491     145,080      37,721      54,754      10,490       7,049      27,388      23,607      85,303
    U.S. Treasury, general account              88,905           0      88,905           0           0           0           0           0           0           0           0           0           0
    U.S. Treasury, supplementary
       financing account                       199,963           0     199,963           0           0           0           0           0           0           0           0           0           0
    Foreign official                             3,670           1       3,642           4           3          11           2           1           0           1           0           1           3
    Other                                          378           4         218           3           1          65           2          19          53           3           1           0           8
  Deferred availability cash items               1,954          68           0         250         284          71          90         138          58         487          92          75         341
  Other liabilities and accrued
     dividends (15)                             43,256         204      39,399         264         283         796         516         420         179         149         187         265         594

Total liabilities                            2,366,959      53,048   1,259,933      65,043      51,915     230,578     164,938     134,423      40,414      22,688      59,461      90,759     193,758

Capital
  Capital paid in                               26,525         917       7,682       2,569       1,968       5,439       1,520         673         216         819         239         402       4,082
  Surplus                                       25,951         946       7,744       2,804       1,911       7,142       1,581         621         238         712         210         353       1,689
  Other capital                                  4,126          37         621          57          73         204         128         142          33         132          68         101       2,529

Total liabilities and capital                2,423,562      54,949   1,275,980      70,474      55,867     243,362     168,167     135,859      40,902      24,350      59,978      91,615     202,059
 
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.

10. Statement of Condition of Each Federal Reserve Bank,  December 29, 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 securities.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the underlying mortgages.
5. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.
6. Includes the book value of the commercial paper, net of amortized costs and related fees, and other investments held by the Commercial Paper Funding Facility LLC.
7. Refer to table 4 and the note on consolidation below.
8. Refer to table 5 and the note on consolidation below.
9.  Refer to table 6 and the note on consolidation below.
10. Refer to table 7 and the note on consolidation below.
11. Refer to table 8.
12. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals
    the market exchange rate used when the foreign currency was acquired from the foreign central bank.
13. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates, accrued dividends on the Federal Reserve Bank of New York's (FRBNY) preferred interests
    in AIA Aurora LLC and ALICO Holdings LLC, and the fair value adjustment to credit extended by the FRBNY to eligible borrowers through the Term Asset-Backed Securities Loan Facility.
14. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.
15. Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to entities other than the Federal Reserve Bank of New York, including liabilities that have
    recourse only to the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note on consolidation below. Also includes funds from American International Group, Inc. asset
    dispositions, held as agent.


Note on consolidation:

The Federal Reserve Bank of New York (FRBNY) has extended loans to several limited liability companies under the authority of section 13(3) of the Federal Reserve Act. On June 26, 2008, a loan was
extended to Maiden Lane LLC, which was formed to acquire certain assets of Bear Stearns. On November 25, 2008, a loan was extended to Maiden Lane III LLC, which was formed to purchase multi-sector
collateralized debt obligations on which the Financial Products group of the American International Group, Inc. has written credit default swap contracts. On December 12, 2008, a loan was extended to
Maiden Lane II LLC, which was formed to purchase residential mortgage-backed securities from the U.S. securities lending reinvestment portfolio of subsidiaries of American International Group, Inc.
On November 25, 2008, the Federal Reserve Board authorized the FRBNY to extend credit to TALF LLC, which was formed to purchase and manage any asset-backed securities received by the FRBNY in
connection with the decision of a borrower not to repay a loan extended under the Term Asset-Backed Securities Loan Facility.

The FRBNY is the primary beneficiary of TALF LLC, because of the two beneficiaries of the LLC, the FRBNY and the U.S. Treasury, the FRBNY is primarily responsible for directing the financial
activities of TALF LLC. The FRBNY is the primary beneficiary of the other LLCs cited above because it will receive a majority of any residual returns of the LLCs and absorb a majority of any residual
losses of the LLCs. Consistent with generally accepted accounting principles, the assets and liabilities of these LLCs have been consolidated with the assets and liabilities of the FRBNY in the
preparation of the statements of condition shown on this release. As a consequence of the consolidation, the extensions of credit from the FRBNY to the LLCs are eliminated, the net assets of the LLCs
appear as assets on the previous page (and in table 1 and table 9), and the liabilities of the LLCs to entities other than the FRBNY, including those with recourse only to the portfolio holdings of
the LLCs, are included in other liabilities in this table (and table 1 and table 9).

 
11. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts
Millions of dollars
                                                                                            Wednesday   
Federal Reserve notes and collateral                                                       Dec 29, 2010 
 
Federal Reserve notes outstanding                                                          1,122,842
  Less: Notes held by F.R. Banks not subject to collateralization                            179,094
    Federal Reserve notes to be collateralized                                               943,749
Collateral held against Federal Reserve notes                                                943,749
  Gold certificate account                                                                    11,037
  Special drawing rights certificate account                                                   5,200
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   927,512
  Other assets pledged                                                                             0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                     2,155,703
  Less: Face value of securities under reverse repurchase agreements                          52,956
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged      2,102,747
 
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.