FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and

Condition Statement of Federal Reserve Banks September 30, 2010

1. Factors Affecting Reserve Balances of Depository Institutions

Millions of dollars

Averages of daily figures Wednesday

Sep 29, 2010 Week ended

Sep 29, 2010

Change from week ended

Sep 22, 2010 Sep 30, 2009

Reserve Bank credit, related items, and

reserve balances of depository institutions at

Federal Reserve Banks

Reserve Bank credit 2,287,672 + 1,154 + 167,399 2,281,327

Securities held outright1 2,049,195 + 1,749 + 460,821 2,044,313

U.S. Treasury securities 808,932 + 7,730 + 42,804 811,669

Bills2 18,423 0 0 18,423

Notes and bonds, nominal2 743,219 + 7,641 + 45,789 745,442

Notes and bonds, inflation-indexed2 41,847 + 79 - 2,741 42,318

Inflation compensation3 5,443 + 10 - 245 5,486

Federal agency debt securities2 154,105 - 59 + 24,055 154,105

Mortgage-backed securities4 1,086,158 - 5,921 + 393,962 1,078,539

Repurchase agreements5 0 0 0 0

Term auction credit 0 0 - 178,379 0

Other loans 50,630 - 1,859 - 59,205 49,773

Primary credit 25 + 5 - 27,952 99

Secondary credit 0 0 - 503 0

Seasonal credit 72 - 5 - 45 77

Asset-Backed Commercial Paper Money Market

Mutual Fund Liquidity Facility 0 0 - 79 0

Credit extended to American International

Group, Inc., net6 19,309 - 648 - 18,997 18,904

Term Asset-Backed Securities Loan Facility7 31,224 - 1,210 - 11,630 30,694

Other credit extensions 0 0 0 0

Net portfolio holdings of Commercial Paper

Funding Facility LLC8 0 0 - 41,928 0

Net portfolio holdings of Maiden Lane LLC9 28,447 + 8 + 2,248 28,470

Net portfolio holdings of Maiden Lane II LLC10 15,831 + 11 + 1,156 15,875

Net portfolio holdings of Maiden Lane III LLC11 23,031 + 9 + 2,475 23,040

Net portfolio holdings of TALF LLC12 601 + 18 + 601 601

Preferred interests in AIA Aurora LLC and ALICO

Holdings LLC13 25,733 0 + 25,733 25,733

Float -1,623 + 28 + 188 -1,823

Central bank liquidity swaps14 61 0 - 56,695 61

Other Federal Reserve assets15 95,766 + 1,188 + 10,385 95,284

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding16 43,378 + 14 + 814 43,378

Total factors supplying reserve funds 2,347,291 + 1,168 + 168,214 2,340,946

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

Sep 29, 2010 Week ended

Sep 29, 2010

Change from week ended

Sep 22, 2010 Sep 30, 2009

Reserve Bank credit, related items, and

reserve balances of depository institutions at

Federal Reserve Banks

Currency in circulation16 951,895 + 828 + 39,917 954,794

Reverse repurchase agreements17 62,529 + 605 - 7,235 67,370

Foreign official and international accounts 62,529 + 605 - 7,235 67,370

Dealers 0 0 0 0

Treasury cash holdings 230 - 14 - 58 237

Deposits with F.R. Banks, other than reserve balances 264,631 - 20,436 + 52,102 265,089

Term deposits held by depository institutions 2,119 0 + 2,119 2,119

U.S. Treasury, general account 57,576 - 19,801 + 19,666 57,829

U.S. Treasury, supplementary financing account 199,961 + 1 + 35,016 199,961

Foreign official 2,192 - 586 - 78 2,411

Service-related 2,408 - 19 - 994 2,408

Required clearing balances 2,408 - 19 - 994 2,408

Adjustments to compensate for float 0 0 0 0

Other 374 - 32 - 3,628 360

Other liabilities and capital18 72,818 + 440 + 12,693 71,736

Total factors, other than reserve balances,

absorbing reserve funds 1,352,104 - 18,576 + 97,420 1,359,225

Reserve balances with Federal Reserve Banks 995,187 + 19,745 + 70,794 981,721

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

1. Includes securities lent to dealers under the overnight and term securities lending facilities; 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.Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to entities
 other than the Federal Reserve

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

on consolidation accompanying table 10.

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

1A. Memorandum Items

Millions of dollars

Averages of daily figures Wednesday

Sep 29, 2010 Week ended

Sep 29, 2010

Change from week ended

Sep 22, 2010 Sep 30, 2009

Memorandum item

Marketable securities held in custody for foreign

official and international accounts1 3,229,518 + 16,111 + 374,578 3,237,941

U.S. Treasury securities 2,479,509 + 16,199 + 391,583 2,485,405

Federal agency securities2 750,009 - 88 - 17,006 752,536

Securities lent to dealers 7,371 + 713 - 1,675 8,292

Overnight facility3 7,371 + 713 - 1,675 8,292

U.S. Treasury securities 5,783 + 595 - 3,038 6,708

Federal agency debt securities 1,588 + 118 + 1,362 1,584

Term facility4 0 0 0 0

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

1. Face value of the securities. Includes U.S. Treasury STRIPS, other zero-coupon bonds, and mortgage-backed securities at face value.

2. Includes debt and mortgage-backed securities.

3. Fully collateralized by U.S. Treasury securities.

4. U.S. Treasury securities only. Fully collateralized by U.S. Treasury securities, federal agency securities, and other highly rated debt securities.

2. Maturity Distribution of Securities, Loans, and Selected Other Assets and Liabilities, September 29, 2010

Millions of dollars

Within 15

days

16 days to

90 days

91 days to

1 year

Over 1 year

to 5 years

Over 5 years

to 10 years

Over 10

years

Remaining maturity All

Other loans1 169 7 0 49,598 0 ... 49,773

U.S. Treasury securities2

Holdings 15,635 15,607 51,827 354,844 232,855 140,901 811,669

Weekly changes - 3,520 + 3,520 0 + 4,636 + 1,627 + 299 + 6,562

Federal agency debt securities3

Holdings 1,923 4,722 39,192 73,175 32,746 2,347 154,105

Weekly changes + 1,923 - 1,923 0 0 0 0 0

Mortgage-backed securities4

Holdings 0 0 0 28 20 1,078,491 1,078,539

Weekly changes 0 0 0 - 1 - 1 - 13,332 - 13,334

Asset-backed securities held by

TALF LLC5 0 0 0 0 0 0 0

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

Central bank liquidity swaps7 61 0 0 0 0 0 61

Reverse repurchase agreements6 67,370 0 ... ... ... ... 67,370

Term deposits 2,119 0 0 ... ... ... 2,119

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

. . . Not applicable.

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

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

under generally accepted accounting principles.

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

original face value of such securities.

3. Face value.

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

underlying mortgages.

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

6. Cash value of agreements.

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

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

central bank.
H.4.1

3. Supplemental Information on Mortgage-Backed Securities Purchase Program

Millions of dollars

Wednesday

Sep 29, 2010 Account name

Mortgage-backed securities held outright1 1,078,539

Commitments to buy mortgage-backed securities2 0

Commitments to sell mortgage-backed securities2 0

Cash and cash equivalents3 0

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

underlying mortgages.

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

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

4. Information on Principal Accounts of Maiden Lane LLC

Millions of dollars

Wednesday

Sep 29, 2010 Account name

Net portfolio holdings of Maiden Lane LLC1 28,470

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2 27,639

Accrued interest payable to the Federal Reserve Bank of New York2 566

Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co.3 1,297

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, 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

Sep 29, 2010 Account name

Net portfolio holdings of Maiden Lane II LLC1 15,875

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2 13,656

Accrued interest payable to the Federal Reserve Bank of New York2 408

Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc.3 1,062

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, 2010. Any assets purchased after

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

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

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

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

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

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

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

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

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

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

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

FRBNY and AIG subsidiaries.
H.4.1

6. Information on Principal Accounts of Maiden Lane III LLC

Millions of dollars

Wednesday

Sep 29, 2010 Account name

Net portfolio holdings of Maiden Lane III LLC1 23,040

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2 14,638

Accrued interest payable to the Federal Reserve Bank of New York2 499

Outstanding principal amount and accrued interest on loan payable to American International Group, Inc.3 5,321

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, 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

Sep 29, 2010 Account name

Asset-backed securities holdings1 0

Other investments, net 601

Net portfolio holdings of TALF LLC 601

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 105

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

market on the measurement date.

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

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

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

and table 10.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

AIA Aurora LLC and ALICO Holdings LLC

Millions of dollars

Wednesday

Sep 29, 2010 Account name

Preferred interests in AIA Aurora LLC and ALICO Holdings LLC1 25,733

Accrued dividends on preferred interests in AIA Aurora LLC and ALICO Holdings LLC2 321

Preferred interests in AIA Aurora LLC1 16,469

Accrued dividends on preferred interests in AIA Aurora LLC2 205

Preferred interests in ALICO Holdings LLC1 9,264

Accrued dividends on preferred interests in ALICO Holdings LLC2 115

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

1. Book value.

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

Note on preferred interests:

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

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

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

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

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

and conversion rights with respect to its preferred interests.

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

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

9. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Eliminations from

consolidation

Wednesday

Sep 29, 2010

Change since

Wednesday

Sep 22, 2010

Wednesday

Sep 30, 2009

Assets, liabilities, and capital

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 5,200 0 0

Coin 2,111 + 4 + 130

Securities, repurchase agreements, term auction

credit, and other loans 2,094,086 - 8,261 + 212,676

Securities held outright1 2,044,313 - 6,772 + 451,612

U.S. Treasury securities 811,669 + 6,562 + 42,509

Bills2 18,423 0 0

Notes and bonds, nominal2 745,442 + 5,960 + 44,974

Notes and bonds, inflation-indexed2 42,318 + 550 - 2,270

Inflation compensation3 5,486 + 52 - 195

Federal agency debt securities2 154,105 0 + 22,929

Mortgage-backed securities4 1,078,539 - 13,334 + 386,174

Repurchase agreements5 0 0 0

Term auction credit 0 0 - 178,379

Other loans 49,773 - 1,489 - 60,557

Net portfolio holdings of Commercial Paper

Funding Facility LLC6 0 0 - 41,029

Net portfolio holdings of Maiden Lane LLC7 28,470 + 27 + 2,209

Net portfolio holdings of Maiden Lane II LLC8 15,875 + 51 + 1,124

Net portfolio holdings of Maiden Lane III LLC9 23,040 + 10 + 2,474

Net portfolio holdings of TALF LLC10 601 0 + 601

Preferred interests in AIA Aurora LLC and ALICO

Holdings LLC11 25,733 0 + 25,733

Items in process of collection (90) 365 + 72 + 126

Bank premises 2,229 + 2 - 5

Central bank liquidity swaps12 61 0 - 56,695

Other assets13 93,065 - 441 + 10,372

Total assets (90) 2,301,873 - 8,534 + 157,716

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

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

Millions of dollars

Eliminations from

consolidation

Wednesday

Sep 29, 2010

Change since

Wednesday

Sep 22, 2010

Wednesday

Sep 30, 2009

Assets, liabilities, and capital

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 913,760 + 3,137 + 40,263

Reverse repurchase agreements14 67,370 + 7,268 - 1,543

Deposits (0) 1,246,820 - 18,589 + 107,651

Term deposits held by depository institutions 2,119 0 + 2,119

Other deposits held by depository institutions 984,139 + 1,646 + 136,054

U.S. Treasury, general account 57,829 - 19,667 - 50,495

U.S. Treasury, supplementary financing account 199,961 + 1 + 35,016

Foreign official 2,411 - 528 + 498

Other (0) 360 - 43 - 15,542

Deferred availability cash items (90) 2,188 + 121 - 585

Other liabilities and accrued dividends15 14,938 - 126 + 6,239

Total liabilities (90) 2,245,075 - 8,190 + 152,023

Capital accounts

Capital paid in 26,686 0 + 1,768

Surplus 25,875 + 7 + 4,502

Other capital accounts 4,237 - 350 - 577

Total capital 56,798 - 344 + 5,693

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

1. Includes securities lent to dealers under the overnight and term securities lending facilities; 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.
H.4.1

10. Statement of Condition of Each Federal Reserve Bank, September 29, 2010Millions of dollars

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

Assets, liabilities, and capital

Assets

Gold certificate account 11,037 369 4,038 404 463 846 1,385 887 324 Special drawing rights certificate acct. 5,200 196 1,818 210 237 412 654 424 150 Coin 2,111 63 71 170 154 311 202 322 32 Securities, repurchase agreements,

term auction credit, and otherloans 2,094,086 51,735 883,786 47,759 69,457 232,826 193,463 154,173 52,678 

Securities held outright1 2,044,313 51,735 834,188 47,741 69,457 232,825 193,448 154,113 52,658 

U.S. Treasury securities 811,669 20,541 331,204 18,955 27,577 92,440 76,806 61,189 20,907 

Bills2 18,423 466 7,517 430 626 2,098 1,743 1,389 475 Notes and bonds3 793,246 20,074 323,687 18,525 26,951 90,342 75,063 59,800 20,433 

Federal agency debt securities2 154,105 3,900 62,883 3,599 5,236 17,551 14,583 11,617 3,969 

Mortgage-backed securities4 1,078,539 27,294 440,101 25,187 36,644 122,834 102,060 81,307 27,781 

Repurchase agreements5 0 0 0 0 0 0 0 0 0 Term auction credit 0 0 0 0 0 0 0 0 0 Other loans 49,773 0 49,598 18 0 0 15 60 20 

Net portfolio holdings of Commercial

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

Net portfolio holdings of Maiden

Lane LLC7 28,470 0 28,470 0 0 0 0 0 0 

Net portfolio holdings of Maiden

Lane II LLC8 15,875 0 15,875 0 0 0 0 0 0 

Net portfolio holdings of Maiden

Lane III LLC9 23,040 0 23,040 0 0 0 0 0 0 

Net portfolio holdings of TALF LLC10 601 0 601 0 0 0 0 0 0 

Preferred interests in AIA Aurora LLC

and ALICO Holdings LLC11 25,733 0 25,733 0 0 0 0 0 0 

Items in process of collection 455 10 0 80 98 11 93 51 40 Bank premises 2,229 124 260 69 142 239 218 211 135 Central bank liquidity swaps12 61 2 18 7 5 17 4 1 1 Other assets13 93,065 2,663 35,195 4,409 4,197 14,849 7,881 5,602 1,966 Interdistrict settlement account 0 + 5,860 + 110,514 + 26,078 - 21,001 + 13,361 - 45,932 - 30,223 - 14,868 - 

Total assets 2,301,963 61,022 1,129,419 79,184 53,753 262,871 157,967 131,447 40,457 

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

10. Statement of Condition of Each Federal Reserve Bank, September 29, 2010 (continued)Millions of dollars

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

Assets, liabilities, and capital

Liabilities

Federal Reserve notes outstanding 1,133,779 40,891 389,563 45,787 46,173 89,643 143,971 87,878 32,987 

Less: Notes held by F.R. Banks 220,019 4,212 90,404 5,249 9,118 14,632 29,092 13,274 4,591 

Federal Reserve notes, net 913,760 36,679 299,159 40,538 37,055 75,012 114,879 74,604 28,396 

Reverse repurchase agreements14 67,370 1,705 27,490 1,573 2,289 7,673 6,375 5,079 1,735 

Deposits 1,246,820 20,469 775,530 30,917 9,752 166,552 32,818 49,739 9,572 

Term deposits held by depository

institutions 2,119 27 886 0 15 96 161 506 0 

Other deposits held by depository

institutions 984,139 20,393 514,250 30,912 9,733 166,388 32,655 49,218 9,563 

U.S. Treasury, general account 57,829 0 57,829 0 0 0 0 0 0 U.S. Treasury, supplementary

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

Foreign official 2,411 1 2,383 4 3 11 2 1 0 Other 360 48 221 0 1 58 0 14 8 

Deferred availability cash items 2,278 68 0 196 483 86 103 171 83 Other liabilities and accrued

dividends15 14,938 196 11,210 235 260 747 528 421 182 

Total liabilities 2,245,165 59,116 1,113,389 73,458 49,839 250,069 154,704 130,013 39,968 Capital

Capital paid in 26,686 916 7,666 2,831 1,924 5,435 1,551 668 215 Surplus 25,875 946 7,670 2,804 1,911 7,141 1,581 621 239 Other capital 4,237 44 694 91 79 226 131 145 34 

Total liabilities and capital 2,301,963 61,022 1,129,419 79,184 53,753 262,871 157,967 131,447 40,457 

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

10. Statement of Condition of Each Federal Reserve Bank, September 29, 2010 (continued)1. Includes securities lent to dealers under the overnight and term securities lending facilities; refer to table 1A.2. Face value of the securities.3. Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face value of such securitie4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the underlying mort5. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.6. Includes the book value of the commercial paper, net of amortized costs and related fees, and other investments held by the Commercial Paper Funding Facilit7. Refer to table 4 and the note on consolidation below.8. Refer to table 5 and the note on consolidation below.9. Refer to table 6 and the note on consolidation below.10.Refer to table 7 and the note on consolidation below.11.Refer to table 8.12.Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign centr

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

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

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

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

that have recourse only to the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note on consolidation below.

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

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

Millions of dollars

Wednesday

Sep 29, 2010 Federal Reserve notes and collateral

Federal Reserve notes outstanding 1,133,779

Less: Notes held by F.R. Banks not subject to collateralization 220,019

Federal Reserve notes to be collateralized 913,760

Collateral held against Federal Reserve notes 913,760

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 897,523

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 2,044,313

Less: Face value of securities under reverse repurchase agreements 65,466

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 1,978,847

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 and term securities lending facilities; refer to table 1A.