FEDERAL RESERVE statistical release
H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
                                                                                             December 8, 2011
 
1. Factors Affecting Reserve Balances of Depository Institutions
Millions of dollars
Reserve Bank credit, related items, and                         Averages of daily figures         Wednesday  
reserve balances of depository institutions at             Week ended   Change from week ended    Dec 7, 2011
Federal Reserve Banks                                      Dec 7, 2011 Nov 30, 2011  Dec 8, 2010
 
Reserve Bank credit                                        2,797,951   +    4,729   +  446,359    2,803,294
  Securities held outright (1)                             2,604,609   +    3,062   +  496,547    2,607,995
    U.S. Treasury securities                               1,671,649   +    5,141   +  734,418    1,675,034
      Bills (2)                                               18,423            0            0       18,423
      Notes and bonds, nominal (2)                         1,574,997   +    4,724   +  706,894    1,578,395
      Notes and bonds, inflation-indexed (2)                  68,420   +      427   +   23,544       68,420
      Inflation compensation (3)                               9,809   -       10   +    3,980        9,796
    Federal agency debt securities (2)                       105,909            0   -   42,269      105,909
    Mortgage-backed securities (4)                           827,052   -    2,078   -  195,601      827,052
  Repurchase agreements (5)                                        0            0            0            0
  Loans                                                        9,700   -      109   -   36,462        9,626
    Primary credit                                                13   -       29   -       25           12
    Secondary credit                                               0            0            0            0
    Seasonal credit                                               19   +        3   -        8           22
    Credit extended to American International
       Group, Inc., net (6)                                        0            0   -   20,717            0
    Term Asset-Backed Securities Loan Facility (7)             9,667   -       84   -   15,713        9,591
    Other credit extensions                                        0            0            0            0
  Net portfolio holdings of Maiden Lane LLC (8)               10,628   +       26   -   16,978       10,624
  Net portfolio holdings of Maiden Lane II LLC (9)             9,256   -       93   -    6,987        9,236
  Net portfolio holdings of Maiden Lane III LLC (10)          17,857   +       18   -    5,345       17,930
  Net portfolio holdings of TALF LLC (11)                        803            0   +      155          803
  Preferred interests in AIA Aurora LLC and ALICO
     Holdings LLC (6)                                              0            0   -   26,057            0
  Float                                                         -904   -       65   +      921       -1,079
  Central bank liquidity swaps (12)                            2,301   -      100   +    2,241        2,301
  Other Federal Reserve assets (13)                          143,702   +    1,991   +   38,324      145,859
Gold stock                                                    11,041            0            0       11,041
Special drawing rights certificate account                     5,200            0            0        5,200
Treasury currency outstanding (14)                            44,208   +       14   +      679       44,208

Total factors supplying reserve funds                      2,858,400   +    4,743   +  447,038    2,863,743
 
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 7, 2011
Federal Reserve Banks                                      Dec 7, 2011 Nov 30, 2011  Dec 8, 2010
 
Currency in circulation (14)                               1,061,279   -      999   +   84,922    1,063,921
Reverse repurchase agreements (15)                            86,834   -    1,477   +   36,218       85,198
  Foreign official and international accounts                 86,834   -    1,477   +   36,218       85,198
  Others                                                           0            0            0            0
Treasury cash holdings                                           108   +        6   -       86          114
Deposits with F.R. Banks, other than reserve balances         91,663   -   19,529   -  142,003       95,592
  Term deposits held by depository institutions                5,055            0   -       58        5,055
  U.S. Treasury, General Account                              28,282   -   15,488   +    7,098       21,747
  U.S. Treasury, Supplementary Financing Account                   0            0   -  199,959            0
  Foreign official                                               125   -       61   -    2,901          126
  Service-related                                              2,499   -        6   +      140        2,499
    Required clearing balances                                 2,499   -        6   +      140        2,499
    Adjustments to compensate for float                            0            0            0            0
  Other                                                       55,702   -    3,973   +   53,676       66,165
Funds from American International Group, Inc. asset
   dispositions, held as agent (6)                                 0            0   -   26,774            0
Other liabilities and capital (16)                            71,826   +      356   -    1,241       71,433

Total factors, other than reserve balances,
   absorbing reserve funds                                 1,311,709   -   21,645   -   48,965    1,316,257

Reserve balances with Federal Reserve Banks                1,546,691   +   26,388   +  496,002    1,547,486
 
Note: Components may not sum to totals because of rounding.

1. Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.
2. Face value of the securities.
3. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed
   securities.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the
   remaining principal balance of the underlying mortgages.
5. Cash value of agreements.
6. As a result of the closing of the American International Group, Inc. (AIG) recapitalization plan on
   January 14, 2011, the credit extended to AIG was fully repaid and the Federal Reserve's commitment to lend
   any further funds was terminated. In addition, the Federal Reserve Bank of New York (FRBNY) has been paid
   in full for its preferred interests in AIA Aurora LLC and ALICO Holdings LLC. The funds from AIG asset
   dispositions that FRBNY held as agent were the source of repayment of the credit extended to AIG, as well
   as a portion of the FRBNY's preferred interests in ALICO Holdings LLC. The remaining FRBNY preferred
   interests in ALICO Holdings LLC and AIA Aurora LLC, valued at approximately $20 billion, were purchased by
   AIG through a draw on the Treasury's Series F preferred stock commitment and then transferred by AIG to
   the Treasury as consideration for the draw on the available Series F funds.
7. Includes credit extended by the Federal Reserve Bank of New York to eligible borrowers through the Term
   Asset-Backed Securities Loan Facility.
8. Refer to table 4 and the note on consolidation accompanying table 9.
9.  Refer to table 5 and the note on consolidation accompanying table 9.
10. Refer to table 6 and the note on consolidation accompanying table 9.
11. Refer to table 7 and the note on consolidation accompanying table 9.
12. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when
    the foreign currency is returned to the foreign central bank. This exchange rate equals the market
    exchange rate used when the foreign currency was acquired from the foreign central bank.
13. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange
    rates, and the fair value adjustment to credit extended by the FRBNY to eligible borrowers through the
    Term Asset-Backed Securities Loan Facility. Before the closing of the AIG recapitalization plan on
    January 14, 2011, included accrued dividends on the FRBNY's preferred interests in AIA Aurora LLC and
    ALICO Holdings LLC.
14. Estimated.
15. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt
    securities, and mortgage-backed securities.
16. Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to
    entities other than the Federal Reserve Bank of New York, including liabilities that have recourse only
    to the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note on consolidation
    accompanying table 9. Also includes the liability for interest on Federal Reserve notes due to U.S.
    Treasury. Refer to table 8 and table 9.

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

 
1A. Memorandum Items
Millions of dollars
                                                                Averages of daily figures         Wednesday  
                                                           Week ended   Change from week ended    Dec 7, 2011
Memorandum item                                            Dec 7, 2011 Nov 30, 2011  Dec 8, 2010
 
Marketable securities held in custody for foreign
   official and international accounts (1)                 3,454,951   +    3,741   +  114,354    3,452,519
  U.S. Treasury securities                                 2,737,454   +    5,054   +  128,449    2,734,609
  Federal agency securities (2)                              717,497   -    1,312   -   14,095      717,910
Securities lent to dealers                                    14,166   +    2,339   +    3,799       15,599
  Overnight facility (3)                                      14,166   +    2,339   +    3,799       15,599
    U.S. Treasury securities                                  12,751   +    2,151   +    3,522       14,155
    Federal agency debt securities                             1,416   +      188   +      277        1,444
 
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 7, 2011
Millions of dollars
                                       Within 15    16 days to   91 days to  Over 1 year  Over 5 years    Over 10        All     
Remaining maturity                        days       90 days       1 year     to 5 years   to 10 years     years    
 
Loans (1)                                     12           22        4,066        5,525            0           ...        9,626
U.S. Treasury securities (2)
  Holdings                                14,553       26,633      104,194      672,456      636,050       221,149    1,675,034
  Weekly changes                      -    2,504   +    4,037   +    4,496   -   14,666   +    4,892    +    6,742   +    2,996
Federal agency debt securities (3)
  Holdings                                 1,213        4,893       20,520       60,790       16,146         2,347      105,909
  Weekly changes                               0   +    1,014   -    1,014            0            0             0            0
Mortgage-backed securities (4)
  Holdings                                     0            0            0           11           23       827,016      827,052
  Weekly changes                               0            0            0   -        1   +        1    -        2            0
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)             353        1,948            0            0            0             0        2,301

Reverse repurchase agreements (6)         85,198            0          ...          ...          ...           ...       85,198
Term deposits                              5,055            0            0          ...          ...           ...        5,055
 
Note: Components may not sum to totals because of rounding.
. . . Not applicable.

1. Excludes the loans from the Federal Reserve Bank of New York (FRBNY) to Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III
   LLC, and TALF LLC. The loans were eliminated when preparing the FRBNY's statement of condition consistent with consolidation
   under generally accepted accounting principles.
2. Face value. For inflation-indexed securities, includes the original face value and compensation that adjusts for the effect of
   inflation on the original face value of such securities.
3. Face value.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal
   balance of the underlying mortgages.
5. Face value of asset-backed securities held by TALF LLC, which is the remaining principal balance of the underlying assets.
6. Cash value of agreements.
7. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency
   is returned to the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was
   acquired from the foreign central bank.

 
3. Supplemental Information on Mortgage-Backed Securities
Millions of dollars
                                                                                                                        Wednesday   
Account name                                                                                                            Dec 7, 2011 
 
Mortgage-backed securities held outright (1)                                                                             827,052

Commitments to buy mortgage-backed securities (2)                                                                         56,650
Commitments to sell mortgage-backed securities (2)                                                                         4,350

Cash and cash equivalents (3)                                                                                                  1
 
1. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal
   balance of the underlying mortgages.
2. Current face value. Generally settle within 180 days and include commitments associated with outright transactions, dollar rolls,
   and coupon swaps.
3. This amount is included in other Federal Reserve assets in table 1 and in other assets in table 8 and table 9.

 
4. Information on Principal Accounts of Maiden Lane LLC
Millions of dollars
                                                                                                                        Wednesday   
Account name                                                                                                            Dec 7, 2011 
 
Net portfolio holdings of Maiden Lane LLC (1)                                                                             10,624

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                  7,523
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                         753
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3)                              1,380
 
1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to
   be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of
   September 30, 2011. Any assets purchased after this valuation date are initially recorded at cost until their estimated fair
   value as of the purchase date becomes available.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent
   with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9.
3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities
   and accrued dividends in table 8 and table 9.

Note: On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended credit to Maiden Lane LLC under the authority of
section 13(3) of the Federal Reserve Act. This limited liability company was formed to acquire certain assets of Bear Stearns and to
manage those assets through time to maximize repayment of the credit extended and to minimize disruption to financial markets.
Payments by Maiden Lane LLC from the proceeds of the net portfolio holdings will be made in the following order: operating expenses
of the LLC, principal due to the FRBNY, interest due to the FRBNY, principal due to JPMorgan Chase & Co., and interest due to
JPMorgan Chase & Co. Any remaining funds will be paid to the FRBNY.

 
5. Information on Principal Accounts of Maiden Lane II LLC
Millions of dollars
                                                                                                                        Wednesday   
Account name                                                                                                            Dec 7, 2011 
 
Net portfolio holdings of Maiden Lane II LLC (1)                                                                           9,236

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                  6,223
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                         563
Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc. (3)                    1,104
 
1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to
   be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of
   September 30, 2011. Any assets purchased after this valuation date are initially recorded at cost until their estimated fair
   value as of the purchase date becomes available.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent
   with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9.
3. Book value. The deferred payment represents the portion of the proceeds of the net portfolio holdings due to subsidiaries of
   American International Group, Inc. in accordance with the asset purchase agreement. The fair value of this payment and accrued
   interest payable are included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table
   8 and table 9.

Note: On December 12, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden Lane II LLC under the
authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to purchase residential
mortgage-backed securities from the U.S. securities lending reinvestment portfolio of subsidiaries of American International Group,
Inc. (AIG subsidiaries). Payments by Maiden Lane II LLC from the proceeds of the net portfolio holdings will be made in the
following order: operating expenses of Maiden Lane II LLC, principal due to the FRBNY, interest due to the FRBNY, and deferred
payment and interest due to AIG subsidiaries. Any remaining funds will be shared by the FRBNY and AIG subsidiaries.

 
6. Information on Principal Accounts of Maiden Lane III LLC
Millions of dollars
                                                                                                                        Wednesday   
Account name                                                                                                            Dec 7, 2011 
 
Net portfolio holdings of Maiden Lane III LLC (1)                                                                         17,930

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                  9,406
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                         684
Outstanding principal amount and accrued interest on loan payable to American International Group, Inc. (3)                5,530
 
1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to
   be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of
   September 30, 2011. Any assets purchased after this valuation date are initially recorded at cost until their estimated fair
   value as of the purchase date becomes available.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent
   with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9.
3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities
   and accrued dividends in table 8 and table 9.

Note: On November 25, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden Lane III LLC under the
authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to purchase multi-sector
collateralized debt obligations (CDOs) on which the Financial Products group of American International Group, Inc. (AIG) has written
credit default swap (CDS) contracts. In connection with the purchase of CDOs, the CDS counterparties will concurrently unwind the
related CDS transactions. Payments by Maiden Lane III LLC from the proceeds of the net portfolio holdings will be made in the
following order: operating expenses of Maiden Lane III LLC, principal due to the FRBNY, interest due to the FRBNY, principal due to
AIG, and interest due to AIG. Any remaining funds will be shared by the FRBNY and AIG.

 
7. Information on Principal Accounts of TALF LLC
Millions of dollars
                                                                                                                        Wednesday   
Account name                                                                                                            Dec 7, 2011 
 
Asset-backed securities holdings (1)                                                                                           0
Other investments, net                                                                                                       803
Net portfolio holdings of TALF LLC                                                                                           803

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                      0
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                           0
Funding provided by U.S. Treasury to TALF LLC, including accrued interest payable (3)                                        109
 
1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to
   be conducted in an orderly market on the measurement date.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent
   with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9.
3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities
   and accrued dividends in table 8 and table 9.

Note: On November 25, 2008, the Federal Reserve announced the creation of the Term Asset-Backed Securities Loan Facility (TALF)
under the authority of section 13(3) of the Federal Reserve Act. The TALF is a facility under which the Federal Reserve Bank of New
York (FRBNY) extends loans with a term of up to five years to holders of eligible asset-backed securities. The TALF is intended to
assist financial markets in accommodating the credit needs of consumers and businesses by facilitating the issuance of asset-backed
securities collateralized by a variety of consumer and business loans. The loans provided through the TALF to eligible borrowers are
non-recourse, meaning that the obligation of the borrower can be discharged by surrendering the collateral to the FRBNY. The loans
are extended for the market value of the security less an amount known as a haircut. As a result, the borrower bears the initial
risk of a decline in the value of the security.

TALF LLC is a limited liability company formed to purchase and manage any asset-backed securities received by the FRBNY in
connection with the decision of a borrower not to repay a TALF loan. TALF LLC has committed, for a fee, to purchase all asset-backed
securities received by the FRBNY in conjunction with a TALF loan at a price equal to the TALF loan plus accrued but unpaid interest.
Losses on asset-backed securities held by TALF LLC will be offset in the following order: by the commitment fees collected by TALF
LLC, by the interest received on investments of TALF LLC, by up to $4.3 billion in subordinated debt funding provided by the U.S.
Treasury, and finally, by senior debt funding provided by the FRBNY. Payments by TALF LLC from the proceeds of its net portfolio
holdings will be made in the following order: operating expenses of TALF LLC, principal due to the FRBNY, principal due to the U.S.
Treasury, interest due to the FRBNY, and interest due to the U.S. Treasury. Any remaining funds will be shared by the FRBNY and the
U.S. Treasury.

 
8. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of dollars
                                                       Eliminations from  Wednesday         Change since       
                                                        consolidation    Dec 7, 2011   Wednesday    Wednesday  
Assets, liabilities, and capital                                                      Nov 30, 2011  Dec 8, 2010
 
Assets
  Gold certificate account                                                  11,037             0            0
  Special drawing rights certificate account                                 5,200             0            0
  Coin                                                                       2,268    +       21   +      152
  Securities, repurchase agreements, and loans                           2,617,620    +    2,800   +  451,235
    Securities held outright (1)                                         2,607,995    +    2,996   +  487,552
      U.S. Treasury securities                                           1,675,034    +    2,996   +  725,422
        Bills (2)                                                           18,423             0            0
        Notes and bonds, nominal (2)                                     1,578,395    +    3,032   +  697,916
        Notes and bonds, inflation-indexed (2)                              68,420             0   +   23,544
        Inflation compensation (3)                                           9,796    -       36   +    3,961
      Federal agency debt securities (2)                                   105,909             0   -   42,269
      Mortgage-backed securities (4)                                       827,052             0   -  195,601
    Repurchase agreements (5)                                                    0             0            0
    Loans                                                                    9,626    -      195   -   36,316
  Net portfolio holdings of Maiden Lane LLC (6)                             10,624    -        5   -   17,010
  Net portfolio holdings of Maiden Lane II LLC (7)                           9,236    -      143   -    6,884
  Net portfolio holdings of Maiden Lane III LLC (8)                         17,930    +       85   -    5,166
  Net portfolio holdings of TALF LLC (9)                                       803             0   +      156
  Preferred interests in AIA Aurora LLC and ALICO
     Holdings LLC (10)                                                           0             0   -   26,057
  Items in process of collection                             (84)              328    +       99   +       85
  Bank premises                                                              2,182    -        5   -       35
  Central bank liquidity swaps (11)                                          2,301    -      100   +    2,241
  Other assets (12)                                                        143,678    +    3,683   +   39,407

Total assets                                                 (84)        2,823,207    +    6,434   +  438,123
 
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.

 
8. Consolidated Statement of Condition of All Federal Reserve Banks (continued)
Millions of dollars
                                                       Eliminations from  Wednesday         Change since       
                                                        consolidation    Dec 7, 2011   Wednesday    Wednesday  
Assets, liabilities, and capital                                                      Nov 30, 2011  Dec 8, 2010
 
Liabilities
  Federal Reserve notes, net of F.R. Bank holdings                       1,022,091    +    1,644   +   84,563
  Reverse repurchase agreements (13)                                        85,198    -    7,770   +   35,179
  Deposits                                                    (0)        1,643,078    +   12,168   +  347,637
    Term deposits held by depository institutions                            5,055             0   -       58
    Other deposits held by depository institutions                       1,549,985    +   62,732   +  488,729
    U.S. Treasury, General Account                                          21,747    -   63,858   +    2,158
    U.S. Treasury, Supplementary Financing Account                               0             0   -  199,959
    Foreign official                                                           126    -       39   -    3,034
    Other                                                     (0)           66,165    +   13,334   +   59,801
  Deferred availability cash items                           (84)            1,407    +      173   -      917
  Other liabilities and accrued dividends (14)                              17,620    +      368   -   25,187

Total liabilities                                            (84)        2,769,394    +    6,583   +  441,274

Capital accounts
  Capital paid in                                                           26,906    -       75   +      120
  Surplus                                                                   26,906    -       75   +      973
  Other capital accounts                                                         0             0   -    4,245

Total capital                                                               53,813    -      149   -    3,151
 
Note: Components may not sum to totals because of rounding.

1. Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.
2. Face value of the securities.
3. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed
   securities.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the
   remaining principal balance of the underlying mortgages.
5. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.
6. Refer to table 4 and the note on consolidation accompanying table 9.
7. Refer to table 5 and the note on consolidation accompanying table 9.
8. Refer to table 6 and the note on consolidation accompanying table 9.
9.  Refer to table 7 and the note on consolidation accompanying table 9.
10. As a result of the closing of the AIG recapitalization plan on January 14, 2011, the Federal Reserve Bank
    of New York has been paid in full for its	preferred interests in AIA Aurora LLC and ALICO Holdings LLC. A
    portion of the preferred interests was redeemed by AIG with the funds from AIG asset dispositions that were
    held as agent by the Federal Reserve.
11. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when
    the foreign currency is returned to the foreign central bank. This exchange rate equals the market exchange
    rate used when the foreign currency was acquired from the foreign central bank.
12. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates
    and the fair value adjustment to credit extended by the Federal Reserve Bank of New York (FRBNY) to
    eligible borrowers through the Term Asset-Backed Securities Loan Facility. Before the closing of the AIG
    recapitalization plan on January 14, 2011, included accrued dividends on the FRBNY's preferred interests in
    AIA Aurora LLC and ALICO Holdings LLC.
13. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt
    securities, and mortgage-backed securities.
14. Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to
    entities other than the Federal Reserve Bank of New York, including liabilities that have recourse only to
    the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note on consolidation
    accompanying table 9. Also includes the liability for interest on Federal Reserve notes due to U.S.
    Treasury. Before the closing of the AIG recapitalization plan on January 14, 2011, included funds from
    American International Group, Inc. asset dispositions, held as agent.


 
9. Statement of Condition of Each Federal Reserve Bank,   December 7, 2011
Millions of dollars
                                               Total      Boston     New York   Philadelphia Cleveland   Richmond     Atlanta     Chicago    St. Louis  Minneapolis   Kansas      Dallas        San    
Assets, liabilities, and capital                                                                                                                                       City                  Francisco 
 
Assets
  Gold certificate account                      11,037         390       3,866         432         450         872       1,394         854         319         197         318         728       1,217
  Special drawing rights certificate acct.       5,200         196       1,818         210         237         412         654         424         150          90         153         282         574
  Coin                                           2,268          55          81         161         168         395         198         336          31          58         172         236         377
  Securities, repurchase agreements,
     and loans                               2,617,620      64,121   1,222,421      89,340      70,447     301,197     193,888     154,883      49,364      40,093      69,385     103,147     259,335
    Securities held outright (1)             2,607,995      64,121   1,212,829      89,340      70,447     301,197     193,885     154,877      49,362      40,081      69,374     103,146     259,335
      U.S. Treasury securities               1,675,034      41,183     778,963      57,380      45,246     193,449     124,526      99,473      31,703      25,743      44,557      66,248     166,563
        Bills (2)                               18,423         453       8,567         631         498       2,128       1,370       1,094         349         283         490         729       1,832
        Notes and bonds (3)                  1,656,611      40,730     770,395      56,749      44,749     191,322     123,157      98,379      31,355      25,460      44,067      65,519     164,731
      Federal agency debt securities (2)       105,909       2,604      49,252       3,628       2,861      12,231       7,874       6,289       2,005       1,628       2,817       4,189      10,531
      Mortgage-backed securities (4)           827,052      20,334     384,614      28,332      22,340      95,516      61,485      49,115      15,654      12,711      22,000      32,710      82,241
    Repurchase agreements (5)                        0           0           0           0           0           0           0           0           0           0           0           0           0
    Loans                                        9,626           0       9,591           0           0           0           3           6           2          12          11           0           0
  Net portfolio holdings of Maiden
     Lane LLC (6)                               10,624           0      10,624           0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of Maiden
     Lane II LLC (7)                             9,236           0       9,236           0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of Maiden
     Lane III LLC (8)                           17,930           0      17,930           0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of TALF LLC (9)           803           0         803           0           0           0           0           0           0           0           0           0           0
  Preferred interests in AIA Aurora LLC
     and ALICO Holdings LLC (10)                     0           0           0           0           0           0           0           0           0           0           0           0           0
  Items in process of collection                   412          10           0          55         146           9         -64          28           6          12           5          16         189
  Bank premises                                  2,182         122         262          67         126         232         214         205         134         105         259         245         212
  Central bank liquidity swaps (11)              2,301          80         666         223         171         472         132          58          19          71          21          35         354
  Other assets (12)                            143,678       3,817      61,970       6,608       5,138      19,012      10,258       7,627       2,458       2,656       3,369       5,068      15,697
  Interdistrict settlement account                   0   +     678   + 226,801   -  14,999   -   4,755   -  90,023   -  35,559   -  14,942   -   7,818   -  16,051   -  15,967   +   2,494   -  29,859

Total assets                                 2,823,291      69,469   1,556,478      82,097      72,129     232,578     171,114     149,474      44,662      27,232      57,714     112,250     248,096
 
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.

 
9. Statement of Condition of Each Federal Reserve Bank,   December 7, 2011 (continued)
Millions of dollars
                                               Total      Boston     New York   Philadelphia Cleveland   Richmond     Atlanta     Chicago    St. Louis  Minneapolis   Kansas      Dallas        San    
Assets, liabilities, and capital                                                                                                                                       City                  Francisco 
 
Liabilities
  Federal Reserve notes outstanding          1,197,750      44,578     415,942      46,417      54,306      95,101     145,364      89,927      33,817      21,072      34,814      80,462     135,949
    Less: Notes held by F.R. Banks             175,660       5,082      50,064       6,794      10,220      11,364      27,642      12,631       4,135       5,222       3,614      12,317      26,573
      Federal Reserve notes, net             1,022,091      39,496     365,878      39,623      44,086      83,736     117,722      77,297      29,681      15,851      31,199      68,144     109,376
  Reverse repurchase agreements (13)            85,198       2,095      39,621       2,919       2,301       9,839       6,334       5,060       1,613       1,309       2,266       3,370       8,472
  Deposits                                   1,643,078      25,690   1,120,319      34,289      21,284     126,942      43,368      65,059      12,679       9,457      23,443      39,510     121,037
    Term deposits held by depository
       institutions                              5,055          10       2,318         503           0          15           5       1,505          50          65         155           5         425
    Other deposits held by depository
       institutions                          1,549,985      25,676   1,030,154      33,781      21,281     126,806      43,361      63,519      12,624       9,389      23,287      39,504     120,603
    U.S. Treasury, General Account              21,747           0      21,747           0           0           0           0           0           0           0           0           0           0
    U.S. Treasury, Supplementary
       Financing Account                             0           0           0           0           0           0           0           0           0           0           0           0           0
    Foreign official                               126           1          97           4           3           8           2           1           0           1           0           1           6
    Other                                       66,166           3      66,003           1           0         113           0          34           4           2           1           1           3
  Deferred availability cash items               1,491          78           0         225         169          49          94          95          62         239          77          76         326
  Interest on Federal Reserve notes due
     to U.S. Treasury (14)                       1,550          33         752         123          34         160         100          93          23          21          35          48         127
  Other liabilities and accrued
     dividends (15)                             16,071         191      12,616         264         277         722         420         348         164         135         158         251         526

Total liabilities                            2,769,478      67,583   1,539,187      77,443      68,152     221,450     168,038     147,951      44,222      27,012      57,179     111,399     239,864

Capital
  Capital paid in                               26,906         943       8,646       2,327       1,988       5,564       1,538         762         220         110         267         425       4,116
  Surplus                                       26,906         943       8,646       2,327       1,988       5,564       1,538         762         220         110         267         425       4,116
  Other capital                                      0           0           0           0           0           0           0           0           0           0           0           0           0

Total liabilities and capital                2,823,291      69,469   1,556,478      82,097      72,129     232,578     171,114     149,474      44,662      27,232      57,714     112,250     248,096
 
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.

9. Statement of Condition of Each Federal Reserve Bank,   December 7, 2011 (continued)
1. Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.
2. Face value of the securities.
3. Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face value of such securities.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the underlying mortgages.
5. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.
6. Refer to table 4 and the note on consolidation below.
7. Refer to table 5 and the note on consolidation below.
8. Refer to table 6 and the note on consolidation below.
9.  Refer to table 7 and the note on consolidation below.
10. As a result of the closing of the AIG recapitalization plan on January 14, 2011, the Federal Reserve Bank of New York has been paid in full for its preferred interests in AIA Aurora LLC and ALICO
    Holdings LLC. A portion of the preferred interests was redeemed by AIG with the funds from AIG asset dispositions that were held as agent by the Federal Reserve.
11. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals
    the market exchange rate used when the foreign currency was acquired from the foreign central bank.
12. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates and the fair value adjustment to credit extended by the Federal Reserve Bank of New York
    (FRBNY) to eligible	borrowers through the Term Asset-Backed Securities Loan Facility. Before the closing of the AIG recapitalization plan on January 14, 2011, included accrued dividends on the
    FRBNY's preferred interests in AIA Aurora LLC and ALICO Holdings LLC.
13. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.
14. Represents the estimated weekly remittances to U.S Treasury as interest on Federal Reserve notes or, in those cases where the Reserve Bank's net earnings are not sufficient to equate surplus to
    capital paid-in, the deferred asset for interest on Federal Reserve notes. The amount of any deferred asset, which is presented as a negative amount in this line, represents the amount of the
    Federal Reserve Bank's earnings that must be retained before remittances to the U.S. Treasury resume. The amounts on this line are calculated in accordance with Board of Governors policy, which
    requires the Federal Reserve Banks to remit residual earnings to the U.S. Treasury as interest on Federal Reserve notes after providing for the costs of operations, payment of dividends, and the
    amount necessary to equate surplus with capital paid-in.
15. Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to entities other than the Federal Reserve Bank of New York, including liabilities that have
    recourse only to the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note on consolidation below. Before the closing of the AIG recapitalization plan on January 14,
    2011, included funds from American International Group, Inc. asset dispositions, held as agent.


Note on consolidation:

The Federal Reserve Bank of New York (FRBNY) has extended loans to several limited liability companies under the authority of section 13(3) of the Federal Reserve Act. On June 26, 2008, a loan was
extended to Maiden Lane LLC, which was formed to acquire certain assets of Bear Stearns. On November 25, 2008, a loan was extended to Maiden Lane III LLC, which was formed to purchase multi-sector
collateralized debt obligations on which the Financial Products group of the American International Group, Inc. has written credit default swap contracts. On December 12, 2008, a loan was extended to
Maiden Lane II LLC, which was formed to purchase residential mortgage-backed securities from the U.S. securities lending reinvestment portfolio of subsidiaries of American International Group, Inc.
On November 25, 2008, the Federal Reserve Board authorized the FRBNY to extend credit to TALF LLC, which was formed to purchase and manage any asset-backed securities received by the FRBNY in
connection with the decision of a borrower not to repay a loan extended under the Term Asset-Backed Securities Loan Facility.

The FRBNY is the primary beneficiary of TALF LLC, because of the two beneficiaries of the LLC, the FRBNY and the U.S. Treasury, the FRBNY is primarily responsible for directing the financial
activities of TALF LLC. The FRBNY is the primary beneficiary of the other LLCs cited above because it will receive a majority of any residual returns of the LLCs and absorb a majority of any residual
losses of the LLCs. Consistent with generally accepted accounting principles, the assets and liabilities of these LLCs have been consolidated with the assets and liabilities of the FRBNY in the
preparation of the statements of condition shown on this release. As a consequence of the consolidation, the extensions of credit from the FRBNY to the LLCs are eliminated, the net assets of the LLCs
appear as assets on the previous page (and in table 1 and table 8), and the liabilities of the LLCs to entities other than the FRBNY, including those with recourse only to the portfolio holdings of
the LLCs, are included in other liabilities in this table (and table 1 and table 8).

 
10. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts
Millions of dollars
                                                                                            Wednesday   
Federal Reserve notes and collateral                                                        Dec 7, 2011 
 
Federal Reserve notes outstanding                                                          1,197,750
  Less: Notes held by F.R. Banks not subject to collateralization                            175,660
    Federal Reserve notes to be collateralized                                             1,022,091
Collateral held against Federal Reserve notes                                              1,022,091
  Gold certificate account                                                                    11,037
  Special drawing rights certificate account                                                   5,200
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                 1,005,854
  Other assets pledged                                                                             0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                     2,607,995
  Less: Face value of securities under reverse repurchase agreements                          74,590
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged      2,533,404
 
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.