FEDERAL RESERVE statistical release
H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
                                                                                           September 15, 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   Sep 14, 2011
Federal Reserve Banks                                     Sep 14, 2011  Sep 7, 2011 Sep 15, 2010
 
Reserve Bank credit                                        2,844,469   +    3,647   +  555,176    2,846,894
  Securities held outright (1)                             2,651,764   +    2,466   +  602,022    2,653,681
    U.S. Treasury securities                               1,657,043   +    2,466   +  865,019    1,658,960
      Bills (2)                                               18,423            0            0       18,423
      Notes and bonds, nominal (2)                         1,562,359   +    2,451   +  835,864    1,564,270
      Notes and bonds, inflation-indexed (2)                  66,754            0   +   25,078       66,754
      Inflation compensation (3)                               9,507   +       15   +    4,076        9,513
    Federal agency debt securities (2)                       109,776            0   -   46,336      109,776
    Mortgage-backed securities (4)                           884,945            0   -  216,661      884,945
  Repurchase agreements (5)                                        0            0            0            0
  Loans                                                       11,660   -       12   -   41,134       11,628
    Primary credit                                                19   +       17   -       10           68
    Secondary credit                                               0            0            0            0
    Seasonal credit                                               76   -        2   -        3           76
    Credit extended to American International
       Group, Inc., net (6)                                        0            0   -   19,877            0
    Term Asset-Backed Securities Loan Facility (7)            11,565   -       27   -   21,242       11,484
    Other credit extensions                                        0            0            0            0
  Net portfolio holdings of Maiden Lane LLC (8)               18,259   +       25   -   10,721       18,269
  Net portfolio holdings of Maiden Lane II LLC (9)             9,957   -       20   -    5,858        9,959
  Net portfolio holdings of Maiden Lane III LLC (10)          21,415   +       76   -    1,587       21,465
  Net portfolio holdings of TALF LLC (11)                        775            0   +      200          775
  Preferred interests in AIA Aurora LLC and ALICO
     Holdings LLC (6)                                              0            0   -   25,733            0
  Float                                                       -1,120   -       16   +      727       -1,386
  Central bank liquidity swaps (12)                                0            0   -       61            0
  Other Federal Reserve assets (13)                          131,760   +    1,130   +   37,321      132,503
Gold stock                                                    11,041            0            0       11,041
Special drawing rights certificate account                     5,200            0            0        5,200
Treasury currency outstanding (14)                            44,120   +       14   +      729       44,120

Total factors supplying reserve funds                      2,904,829   +    3,661   +  555,904    2,907,254
 
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   Sep 14, 2011
Federal Reserve Banks                                     Sep 14, 2011  Sep 7, 2011 Sep 15, 2010
 
Currency in circulation (14)                               1,040,687   -    1,228   +   88,442    1,039,955
Reverse repurchase agreements (15)                            98,062   -    5,366   +   37,654       94,116
  Foreign official and international accounts                 98,062   -    5,366   +   37,654       94,116
  Others                                                           0            0            0            0
Treasury cash holdings                                           109   -       14   -      133          109
Deposits with F.R. Banks, other than reserve balances         77,089   +    8,450   -  159,604       84,224
  Term deposits held by depository institutions                    0            0   -    2,119            0
  U.S. Treasury, General Account                              13,766   -    6,426   -    8,575       16,083
  U.S. Treasury, Supplementary Financing Account                   0            0   -  199,960            0
  Foreign official                                             2,399   -    2,037            0        2,630
  Service-related                                              2,522   +       48   +       93        2,522
    Required clearing balances                                 2,522   +       48   +       93        2,522
    Adjustments to compensate for float                            0            0            0            0
  Other                                                       58,403   +   16,866   +   50,959       62,990
Funds from American International Group, Inc. asset
   dispositions, held as agent (6)                                 0            0            0            0
Other liabilities and capital (16)                            70,879   -      297   -    1,483       70,711

Total factors, other than reserve balances,
   absorbing reserve funds                                 1,286,826   +    1,545   -   35,123    1,289,114

Reserve balances with Federal Reserve Banks                1,618,004   +    2,117   +  591,028    1,618,140
 
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   Sep 14, 2011
Memorandum item                                           Sep 14, 2011  Sep 7, 2011 Sep 15, 2010
 
Marketable securities held in custody for foreign
   official and international accounts (1)                 3,475,122   -    2,439   +  265,400    3,463,335
  U.S. Treasury securities                                 2,743,246   -    1,038   +  329,593    2,729,920
  Federal agency securities (2)                              731,876   -    1,401   -   64,193      733,416
Securities lent to dealers                                    11,028   -      580   +    3,811       11,147
  Overnight facility (3)                                      11,028   -      580   +    3,811       11,147
    U.S. Treasury securities                                  10,467   -      631   +    4,599       10,622
    Federal agency debt securities                               561   +       52   -      788          525
 
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, September 14, 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)                                     77           67        3,910        7,574            0           ...       11,628
U.S. Treasury securities (2)
  Holdings                                12,138       24,233      127,127      715,189      583,081       197,192    1,658,960
  Weekly changes                      -    2,503   +    2,503   +        1   +        3   +    3,350    +        7   +    3,361
Federal agency debt securities (3)
  Holdings                                 1,508        2,359       18,699       64,718       20,145         2,347      109,776
  Weekly changes                               0            0            0            0            0             0            0
Mortgage-backed securities (4)
  Holdings                                     0            0            0           15           22       884,908      884,945
  Weekly changes                               0            0            0            0            0             0            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)               0            0            0            0            0             0            0

Reverse repurchase agreements (6)         94,116            0          ...          ...          ...           ...       94,116
Term deposits                                  0            0            0          ...          ...           ...            0
 
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                                                                                                           Sep 14, 2011 
 
Mortgage-backed securities held outright (1)                                                                             884,945

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 8 and table 9.

 
4. Information on Principal Accounts of Maiden Lane LLC
Millions of dollars
                                                                                                                        Wednesday   
Account name                                                                                                           Sep 14, 2011 
 
Net portfolio holdings of Maiden Lane LLC (1)                                                                             18,269

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                 15,061
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                         734
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3)                              1,364
 
1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to
   be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of
        June 30, 2011. Any assets purchased after this valuation date are initially recorded at cost until their estimated fair
   value as of the purchase date becomes available.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent
   with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9.
3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities
   and accrued dividends in table 8 and table 9.

Note: On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended credit to Maiden Lane LLC under the authority of
section 13(3) of the Federal Reserve Act. This limited liability company was formed to acquire certain assets of Bear Stearns and to
manage those assets through time to maximize repayment of the credit extended and to minimize disruption to financial markets.
Payments by Maiden Lane LLC from the proceeds of the net portfolio holdings will be made in the following order: operating expenses
of the LLC, principal due to the FRBNY, interest due to the FRBNY, principal due to JPMorgan Chase & Co., and interest due to
JPMorgan Chase & Co. Any remaining funds will be paid to the FRBNY.

 
5. Information on Principal Accounts of Maiden Lane II LLC
Millions of dollars
                                                                                                                        Wednesday   
Account name                                                                                                           Sep 14, 2011 
 
Net portfolio holdings of Maiden Lane II LLC (1)                                                                           9,959

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                  6,654
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                         543
Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc. (3)                    1,096
 
1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to
   be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of
        June 30, 2011. Any assets purchased after this valuation date are initially recorded at cost until their estimated fair
   value as of the purchase date becomes available.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent
   with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9.
3. Book value. The deferred payment represents the portion of the proceeds of the net portfolio holdings due to subsidiaries of
   American International Group, Inc. in accordance with the asset purchase agreement. The fair value of this payment and accrued
   interest payable are included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table
   8 and table 9.

Note: On December 12, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden Lane II LLC under the
authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to purchase residential
mortgage-backed securities from the U.S. securities lending reinvestment portfolio of subsidiaries of American International Group,
Inc. (AIG subsidiaries). Payments by Maiden Lane II LLC from the proceeds of the net portfolio holdings will be made in the
following order: operating expenses of Maiden Lane II LLC, principal due to the FRBNY, interest due to the FRBNY, and deferred
payment and interest due to AIG subsidiaries. Any remaining funds will be shared by the FRBNY and AIG subsidiaries.

 
6. Information on Principal Accounts of Maiden Lane III LLC
Millions of dollars
                                                                                                                        Wednesday   
Account name                                                                                                           Sep 14, 2011 
 
Net portfolio holdings of Maiden Lane III LLC (1)                                                                         21,465

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                 10,536
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                         654
Outstanding principal amount and accrued interest on loan payable to American International Group, Inc. (3)                5,489
 
1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to
   be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of
        June 30, 2011. Any assets purchased after this valuation date are initially recorded at cost until their estimated fair
   value as of the purchase date becomes available.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent
   with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9.
3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities
   and accrued dividends in table 8 and table 9.

Note: On November 25, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden Lane III LLC under the
authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to purchase multi-sector
collateralized debt obligations (CDOs) on which the Financial Products group of American International Group, Inc. (AIG) has written
credit default swap (CDS) contracts. In connection with the purchase of CDOs, the CDS counterparties will concurrently unwind the
related CDS transactions. Payments by Maiden Lane III LLC from the proceeds of the net portfolio holdings will be made in the
following order: operating expenses of Maiden Lane III LLC, principal due to the FRBNY, interest due to the FRBNY, principal due to
AIG, and interest due to AIG. Any remaining funds will be shared by the FRBNY and AIG.

 
7. Information on Principal Accounts of TALF LLC
Millions of dollars
                                                                                                                        Wednesday   
Account name                                                                                                           Sep 14, 2011 
 
Asset-backed securities holdings (1)                                                                                           0
Other investments, net                                                                                                       775
Net portfolio holdings of TALF LLC                                                                                           775

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)                                        108
 
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   Sep 14, 2011   Wednesday    Wednesday  
Assets, liabilities, and capital                                                       Sep 7, 2011 Sep 15, 2010
 
Assets
  Gold certificate account                                                  11,037             0            0
  Special drawing rights certificate account                                 5,200             0            0
  Coin                                                                       2,213    +       18   +      127
  Securities, repurchase agreements, and loans                           2,665,309    +    3,327   +  571,313
    Securities held outright (1)                                         2,653,681    +    3,361   +  612,282
      U.S. Treasury securities                                           1,658,960    +    3,361   +  864,314
        Bills (2)                                                           18,423             0            0
        Notes and bonds, nominal (2)                                     1,564,270    +    3,345   +  835,247
        Notes and bonds, inflation-indexed (2)                              66,754             0   +   24,986
        Inflation compensation (3)                                           9,513    +       16   +    4,081
      Federal agency debt securities (2)                                   109,776             0   -   44,743
      Mortgage-backed securities (4)                                       884,945             0   -  207,289
    Repurchase agreements (5)                                                    0             0            0
    Loans                                                                   11,628    -       33   -   40,970
  Net portfolio holdings of Maiden Lane LLC (6)                             18,269    +       12   -   10,169
  Net portfolio holdings of Maiden Lane II LLC (7)                           9,959    +        3   -    5,861
  Net portfolio holdings of Maiden Lane III LLC (8)                         21,465    +       59   -    1,556
  Net portfolio holdings of TALF LLC (9)                                       775             0   +      200
  Preferred interests in AIA Aurora LLC and ALICO
     Holdings LLC (10)                                                           0             0   -   25,733
  Items in process of collection                            (110)              249    -       82   -       52
  Bank premises                                                              2,184    +        1   -       42
  Central bank liquidity swaps (11)                                              0             0   -       61
  Other assets (12)                                                        130,315    +    1,494   +   39,460

Total assets                                                (110)        2,866,975    +    4,831   +  567,627
 
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   Sep 14, 2011   Wednesday    Wednesday  
Assets, liabilities, and capital                                                       Sep 7, 2011 Sep 15, 2010
 
Liabilities
  Federal Reserve notes, net of F.R. Bank holdings                         998,153    -    3,372   +   86,896
  Reverse repurchase agreements (13)                                        94,116    -    8,640   +   34,192
  Deposits                                                    (0)        1,702,361    +   17,176   +  447,915
    Term deposits held by depository institutions                                0             0   -    2,119
    Other deposits held by depository institutions                       1,620,658    +   10,421   +  686,058
    U.S. Treasury, General Account                                          16,083    -    6,758   -   98,485
    U.S. Treasury, Supplementary Financing Account                               0             0   -  199,960
    Foreign official                                                         2,630    -      612   -      162
    Other                                                     (0)           62,990    +   14,125   +   62,583
  Deferred availability cash items                          (110)            1,635    -      563   -      633
  Other liabilities and accrued dividends (14)                              18,807    +      230   +    3,878

Total liabilities                                           (110)        2,815,071    +    4,830   +  572,247

Capital accounts
  Capital paid in                                                           25,952    +        1   -      721
  Surplus                                                                   25,952    +        1   +       89
  Other capital accounts                                                         0             0   -    3,988

Total capital                                                               51,904    +        1   -    4,620
 
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, September 14, 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                                           2,213          54          73         163         160         369         204         334          38          57         167         230         365
  Securities, repurchase agreements,
     and loans                               2,665,309      65,246   1,245,560      90,905      71,683     306,482     197,288     157,602      50,250      40,804      70,609     104,953     263,929
    Securities held outright (1)             2,653,681      65,245   1,234,076      90,905      71,681     306,473     197,282     157,590      50,226      40,783      70,589     104,953     263,878
      U.S. Treasury securities               1,658,960      40,788     771,488      56,829      44,812     191,593     123,331      98,518      31,399      25,496      44,129      65,612     164,964
        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)                  1,640,537      40,335     762,920      56,198      44,314     189,465     121,962      97,424      31,050      25,213      43,639      64,883     163,133
      Federal agency debt securities (2)       109,776       2,699      51,051       3,760       2,965      12,678       8,161       6,519       2,078       1,687       2,920       4,342      10,916
      Mortgage-backed securities (4)           884,945      21,758     411,537      30,315      23,904     102,202      65,789      52,553      16,749      13,600      23,540      35,000      87,998
    Repurchase agreements (5)                        0           0           0           0           0           0           0           0           0           0           0           0           0
    Loans                                       11,628           1      11,484           0           2           9           6          12          24          21          19           0          51
  Net portfolio holdings of Maiden
     Lane LLC (6)                               18,269           0      18,269           0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of Maiden
     Lane II LLC (7)                             9,959           0       9,959           0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of Maiden
     Lane III LLC (8)                           21,465           0      21,465           0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of TALF LLC (9)           775           0         775           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                   359          25           0          51         106           7          35          32           7          16           8          18          55
  Bank premises                                  2,184         123         256          67         126         235         214         205         135         106         260         246         212
  Central bank liquidity swaps (11)                  0           0           0           0           0           0           0           0           0           0           0           0           0
  Other assets (12)                            130,315       3,492      55,680       6,177       4,787      17,532       9,268       6,817       2,201       2,452       3,003       4,520      14,387
  Interdistrict settlement account                   0   +     217   + 201,826   -   4,263   +   6,708   - 104,697   -  33,471   -  14,768   -   7,958   -  18,362   -  15,420   -   1,919   -   7,892

Total assets                                 2,867,086      69,742   1,559,545      93,742      84,256     221,212     175,586     151,500      45,142      25,358      59,098     109,057     272,847
 
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, September 14, 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          1,163,042      43,281     390,622      46,510      55,134      95,581     145,294      90,758      33,988      19,466      32,263      75,723     134,423
    Less: Notes held by F.R. Banks             164,888       5,614      43,986       6,937       8,111      12,065      24,970      13,378       4,370       5,473       3,703      11,181      25,100
      Federal Reserve notes, net               998,153      37,666     346,636      39,573      47,023      83,516     120,324      77,379      29,618      13,993      28,560      64,542     109,323
  Reverse repurchase agreements (13)            94,116       2,314      43,768       3,224       2,542      10,869       6,997       5,589       1,781       1,446       2,504       3,722       9,359
  Deposits                                   1,702,361      27,568   1,139,089      45,701      30,207     114,754      44,649      66,456      13,028       9,112      27,211      39,598     144,987
    Term deposits held by depository
       institutions                                  0           0           0           0           0           0           0           0           0           0           0           0           0
    Other deposits held by depository
       institutions                          1,620,658      27,560   1,057,585      45,697      30,203     114,646      44,644      66,427      13,003       9,110      27,210      39,597     144,975
    U.S. Treasury, General Account              16,083           0      16,083           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                             2,630           1       2,601           4           3           8           2           1           0           1           0           1           6
    Other                                       62,990           7      62,820           0           1         100           2          28          24           0           1           0           6
  Deferred availability cash items               1,746          80           0         229         228          72          98         110          59         425          88          74         282
  Interest on Federal Reserve notes due
     to U.S. Treasury (14)                       1,368          34         717          26          20         124         102          90          27          16          41          56         114
  Other liabilities and accrued
     dividends (15)                             17,439         193      13,754         269         272         755         462         390         178         146         176         280         564

Total liabilities                            2,815,182      67,857   1,543,964      89,021      80,292     210,091     172,632     150,015      44,691      25,138      58,580     108,272     264,629

Capital
  Capital paid in                               25,952         943       7,791       2,360       1,982       5,560       1,477         743         225         110         259         392       4,109
  Surplus                                       25,952         943       7,791       2,360       1,982       5,560       1,477         743         225         110         259         392       4,109
  Other capital                                      0           0           0           0           0           0           0           0           0           0           0           0           0

Total liabilities and capital                2,867,086      69,742   1,559,545      93,742      84,256     221,212     175,586     151,500      45,142      25,358      59,098     109,057     272,847
 
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, September 14, 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                                                       Sep 14, 2011 
 
Federal Reserve notes outstanding                                                          1,163,042
  Less: Notes held by F.R. Banks not subject to collateralization                            164,888
    Federal Reserve notes to be collateralized                                               998,153
Collateral held against Federal Reserve notes                                                998,153
  Gold certificate account                                                                    11,037
  Special drawing rights certificate account                                                   5,200
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   981,916
  Other assets pledged                                                                             0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                     2,653,681
  Less: Face value of securities under reverse repurchase agreements                          81,472
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged      2,572,209
 
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.