FEDERAL RESERVE statistical release
H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
                                                                                           September 22, 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 21, 2011
Federal Reserve Banks                                     Sep 21, 2011 Sep 14, 2011 Sep 22, 2010
 
Reserve Bank credit                                        2,840,146   -    4,323   +  553,636    2,841,330
  Securities held outright (1)                             2,649,931   -    1,833   +  602,485    2,650,613
    U.S. Treasury securities                               1,662,035   +    4,992   +  860,833    1,663,105
      Bills (2)                                               18,423            0            0       18,423
      Notes and bonds, nominal (2)                         1,567,335   +    4,976   +  831,757    1,568,399
      Notes and bonds, inflation-indexed (2)                  66,754            0   +   24,986       66,754
      Inflation compensation (3)                               9,523   +       16   +    4,090        9,529
    Federal agency debt securities (2)                       108,462   -    1,314   -   45,702      108,268
    Mortgage-backed securities (4)                           879,434   -    5,511   -  212,645      879,240
  Repurchase agreements (5)                                        0            0            0            0
  Loans                                                       11,568   -       92   -   40,921       11,445
    Primary credit                                                23   +        4   +        3            8
    Secondary credit                                               0            0            0            0
    Seasonal credit                                               80   +        4   +        3           88
    Credit extended to American International
       Group, Inc., net (6)                                        0            0   -   19,957            0
    Term Asset-Backed Securities Loan Facility (7)            11,465   -      100   -   20,969       11,349
    Other credit extensions                                        0            0            0            0
  Net portfolio holdings of Maiden Lane LLC (8)               15,428   -    2,831   -   13,011       15,480
  Net portfolio holdings of Maiden Lane II LLC (9)             9,959   +        2   -    5,861        9,964
  Net portfolio holdings of Maiden Lane III LLC (10)          21,152   -      263   -    1,870       21,164
  Net portfolio holdings of TALF LLC (11)                        777   +        2   +      194          785
  Preferred interests in AIA Aurora LLC and ALICO
     Holdings LLC (6)                                              0            0   -   25,733            0
  Float                                                       -1,007   +      113   +      644       -1,035
  Central bank liquidity swaps (12)                              575   +      575   +      514          575
  Other Federal Reserve assets (13)                          131,763   +        3   +   37,193      132,338
Gold stock                                                    11,041            0            0       11,041
Special drawing rights certificate account                     5,200            0            0        5,200
Treasury currency outstanding (14)                            44,107   +       14   +      709       44,107

Total factors supplying reserve funds                      2,900,494   -    4,308   +  554,345    2,901,677
 
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 21, 2011
Federal Reserve Banks                                     Sep 21, 2011 Sep 14, 2011 Sep 22, 2010
 
Currency in circulation (14)                               1,036,753   -    3,907   +   85,652    1,036,833
Reverse repurchase agreements (15)                            95,316   -    2,746   +   33,392       90,953
  Foreign official and international accounts                 95,316   -    2,746   +   33,392       90,953
  Others                                                           0            0            0            0
Treasury cash holdings                                           109            0   -      135          113
Deposits with F.R. Banks, other than reserve balances        129,107   +   52,018   -  155,961      155,857
  Term deposits held by depository institutions                    0            0   -    2,119            0
  U.S. Treasury, General Account                              64,915   +   51,149   -   12,462       74,216
  U.S. Treasury, Supplementary Financing Account                   0            0   -  199,960            0
  Foreign official                                             2,641   +      242   -      137        2,636
  Service-related                                              2,521   -        1   +       94        2,521
    Required clearing balances                                 2,521   -        1   +       94        2,521
    Adjustments to compensate for float                            0            0            0            0
  Other                                                       59,031   +      628   +   58,625       76,485
Funds from American International Group, Inc. asset
   dispositions, held as agent (6)                                 0            0            0            0
Other liabilities and capital (16)                            71,456   +      577   -      922       70,976

Total factors, other than reserve balances,
   absorbing reserve funds                                 1,332,741   +   45,942   -   37,974    1,354,732

Reserve balances with Federal Reserve Banks                1,567,753   -   50,251   +  592,319    1,546,945
 
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 21, 2011
Memorandum item                                           Sep 21, 2011 Sep 14, 2011 Sep 22, 2010
 
Marketable securities held in custody for foreign
   official and international accounts (1)                 3,468,023   -    7,099   +  254,616    3,456,453
  U.S. Treasury securities                                 2,735,579   -    7,667   +  272,269    2,722,166
  Federal agency securities (2)                              732,444   +      568   -   17,653      734,287
Securities lent to dealers                                    10,405   -      623   +    3,747       10,025
  Overnight facility (3)                                      10,405   -      623   +    3,747       10,025
    U.S. Treasury securities                                   9,803   -      664   +    4,615        9,426
    Federal agency debt securities                               602   +       41   -      868          599
 
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 21, 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)                                     86           10        3,866        7,483            0           ...       11,445
U.S. Treasury securities (2)
  Holdings                                19,429       19,357      129,111      714,323      583,686       197,199    1,663,105
  Weekly changes                      +    7,291   -    4,876   +    1,984   -      866   +      605    +        7   +    4,145
Federal agency debt securities (3)
  Holdings                                     0        3,572       17,598       66,606       18,145         2,347      108,268
  Weekly changes                      -    1,508   +    1,213   -    1,101   +    1,888   -    2,000             0   -    1,508
Mortgage-backed securities (4)
  Holdings                                     0            0            0           14           22       879,204      879,240
  Weekly changes                               0            0            0   -        1            0    -    5,704   -    5,705
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)             575            0            0            0            0             0          575

Reverse repurchase agreements (6)         90,953            0          ...          ...          ...           ...       90,953
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 21, 2011 
 
Mortgage-backed securities held outright (1)                                                                             879,240

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 21, 2011 
 
Net portfolio holdings of Maiden Lane LLC (1)                                                                             15,480

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                 12,212
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                         736
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3)                              1,365
 
1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to
   be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of
        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 21, 2011 
 
Net portfolio holdings of Maiden Lane II LLC (1)                                                                           9,964

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)                                                         545
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 21, 2011 
 
Net portfolio holdings of Maiden Lane III LLC (1)                                                                         21,164

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                 10,221
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                         656
Outstanding principal amount and accrued interest on loan payable to American International Group, Inc. (3)                5,492
 
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 21, 2011 
 
Asset-backed securities holdings (1)                                                                                           0
Other investments, net                                                                                                       785
Net portfolio holdings of TALF LLC                                                                                           785

Outstanding principal amount of loan extended by the Federal Reserve Bank of New 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 21, 2011   Wednesday    Wednesday  
Assets, liabilities, and capital                                                      Sep 14, 2011 Sep 22, 2010
 
Assets
  Gold certificate account                                                  11,037             0            0
  Special drawing rights certificate account                                 5,200             0            0
  Coin                                                                       2,224    +       11   +      117
  Securities, repurchase agreements, and loans                           2,662,058    -    3,251   +  559,711
    Securities held outright (1)                                         2,650,613    -    3,068   +  599,528
      U.S. Treasury securities                                           1,663,105    +    4,145   +  857,998
        Bills (2)                                                           18,423             0            0
        Notes and bonds, nominal (2)                                     1,568,399    +    4,129   +  828,917
        Notes and bonds, inflation-indexed (2)                              66,754             0   +   24,986
        Inflation compensation (3)                                           9,529    +       16   +    4,095
      Federal agency debt securities (2)                                   108,268    -    1,508   -   45,837
      Mortgage-backed securities (4)                                       879,240    -    5,705   -  212,633
    Repurchase agreements (5)                                                    0             0            0
    Loans                                                                   11,445    -      183   -   39,817
  Net portfolio holdings of Maiden Lane LLC (6)                             15,480    -    2,789   -   12,963
  Net portfolio holdings of Maiden Lane II LLC (7)                           9,964    +        5   -    5,860
  Net portfolio holdings of Maiden Lane III LLC (8)                         21,164    -      301   -    1,866
  Net portfolio holdings of TALF LLC (9)                                       785    +       10   +      184
  Preferred interests in AIA Aurora LLC and ALICO
     Holdings LLC (10)                                                           0             0   -   25,733
  Items in process of collection                            (162)              328    +       79   +       35
  Bank premises                                                              2,187    +        3   -       40
  Central bank liquidity swaps (11)                                            575    +      575   +      514
  Other assets (12)                                                        130,147    -      168   +   36,641

Total assets                                                (162)        2,861,148    -    5,827   +  550,741
 
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 21, 2011   Wednesday    Wednesday  
Assets, liabilities, and capital                                                      Sep 14, 2011 Sep 22, 2010
 
Liabilities
  Federal Reserve notes, net of F.R. Bank holdings                         995,059    -    3,094   +   84,436
  Reverse repurchase agreements (13)                                        90,953    -    3,163   +   30,851
  Deposits                                                    (0)        1,702,799    +      438   +  437,390
    Term deposits held by depository institutions                                0             0   -    2,119
    Other deposits held by depository institutions                       1,549,462    -   71,196   +  566,969
    U.S. Treasury, General Account                                          74,216    +   58,133   -    3,280
    U.S. Treasury, Supplementary Financing Account                               0             0   -  199,960
    Foreign official                                                         2,636    +        6   -      303
    Other                                                     (0)           76,485    +   13,495   +   76,082
  Deferred availability cash items                          (162)            1,362    -      273   -      705
  Other liabilities and accrued dividends (14)                              19,073    +      266   +    4,009

Total liabilities                                           (162)        2,809,245    -    5,826   +  555,980

Capital accounts
  Capital paid in                                                           25,952             0   -      734
  Surplus                                                                   25,952             0   +       84
  Other capital accounts                                                         0             0   -    4,587

Total capital                                                               51,903    -        1   -    5,239
 
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 21, 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                                           2,224          56          74         164         163         370         204         336          35          57         168         232         365
  Securities, repurchase agreements,
     and loans                               2,662,058      65,169   1,243,999      90,805      71,599     306,119     197,060     157,418      50,192      40,769      70,524     104,832     263,573
    Securities held outright (1)             2,650,613      65,169   1,232,649      90,800      71,599     306,119     197,053     157,408      50,168      40,736      70,508     104,832     263,573
      U.S. Treasury securities               1,663,105      40,890     773,415      56,971      44,924     192,072     123,640      98,764      31,478      25,559      44,239      65,776     165,377
        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)                  1,644,682      40,437     764,848      56,340      44,426     189,944     122,270      97,670      31,129      25,276      43,749      65,047     163,545
      Federal agency debt securities (2)       108,268       2,662      50,349       3,709       2,925      12,504       8,049       6,430       2,049       1,664       2,880       4,282      10,766
      Mortgage-backed securities (4)           879,240      21,617     408,884      30,119      23,750     101,543      65,365      52,214      16,641      13,513      23,388      34,774      87,430
    Repurchase agreements (5)                        0           0           0           0           0           0           0           0           0           0           0           0           0
    Loans                                       11,445           0      11,350           5           0           0           7          10          24          33          16           0           0
  Net portfolio holdings of Maiden
     Lane LLC (6)                               15,480           0      15,480           0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of Maiden
     Lane II LLC (7)                             9,964           0       9,964           0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of Maiden
     Lane III LLC (8)                           21,164           0      21,164           0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of TALF LLC (9)           785           0         785           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                   489          28           0          89         158           7          45          34          26          22           8          17          55
  Bank premises                                  2,187         123         257          67         126         235         214         206         135         106         260         246         212
  Central bank liquidity swaps (11)                575          20         167          56          43         118          33          15           5          18           5           9          88
  Other assets (12)                            130,147       3,494      55,598       6,178       4,790      17,507       9,236       6,801       2,198       2,451       2,999       4,515      14,381
  Interdistrict settlement account                   0   +   8,488   + 285,772   -  15,465   -     189   - 149,147   -  37,493   -  15,116   -   9,082   -  17,451   -  17,577   -   4,667   -  28,072

Total assets                                 2,861,310      77,964   1,638,944      82,535      77,375     176,493     171,347     150,972      43,978      26,258      56,858     106,194     252,393
 
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 21, 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          1,165,023      43,251     390,227      46,470      55,065      95,582     146,456      90,718      33,967      20,668      32,620      75,619     134,380
    Less: Notes held by F.R. Banks             169,964       5,826      45,467       7,040       8,661      12,313      26,120      13,697       4,535       5,442       3,810      11,399      25,654
      Federal Reserve notes, net               995,059      37,425     344,760      39,429      46,404      83,269     120,336      77,021      29,432      15,226      28,810      64,221     108,725
  Reverse repurchase agreements (13)            90,953       2,236      42,297       3,116       2,457      10,504       6,762       5,401       1,721       1,398       2,419       3,597       9,044
  Deposits                                   1,702,799      36,106   1,221,743      34,699      23,963      70,618      40,638      66,488      12,122       8,972      24,823      37,177     125,450
    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                          1,549,462      36,093   1,068,599      34,695      23,959      70,512      40,636      66,460      12,103       8,970      24,821      37,176     125,438
    U.S. Treasury, General Account              74,216           0      74,216           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                             2,636           1       2,608           4           3           8           2           1           0           1           0           1           6
    Other                                       76,485          12      76,320           0           1          97           0          28          19           0           1           0           6
  Deferred availability cash items               1,524          77           0         246         271          47          78          98          48         275          74          75         235
  Interest on Federal Reserve notes due
     to U.S. Treasury (14)                       1,501          31         703          51          43         180         114          83          29          23          35          59         148
  Other liabilities and accrued
     dividends (15)                             17,572         203      13,860         274         273         753         465         395         175         144         178         280         573

Total liabilities                            2,809,407      76,078   1,623,363      77,815      73,411     165,372     168,393     149,486      43,527      26,038      56,340     105,409     244,175

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                2,861,310      77,964   1,638,944      82,535      77,375     176,493     171,347     150,972      43,978      26,258      56,858     106,194     252,393
 
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 21, 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 21, 2011 
 
Federal Reserve notes outstanding                                                          1,165,023
  Less: Notes held by F.R. Banks not subject to collateralization                            169,964
    Federal Reserve notes to be collateralized                                               995,059
Collateral held against Federal Reserve notes                                                995,059
  Gold certificate account                                                                    11,037
  Special drawing rights certificate account                                                   5,200
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   978,822
  Other assets pledged                                                                             0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                     2,650,613
  Less: Face value of securities under reverse repurchase agreements                          78,812
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged      2,571,800
 
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.