FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and

Condition Statement of Federal Reserve Banks November 3, 2011

1. Factors Affecting Reserve Balances of Depository Institutions

Millions of dollars

Averages of daily figures Wednesday

 Nov 2, 2011 Week ended

 Nov 2, 2011

Change from week ended

Oct 26, 2011 Nov 3, 2010

Reserve Bank credit, related items, and

reserve balances of depository institutions at

Federal Reserve Banks

Reserve Bank credit 2,817,652 - 15,284 + 536,939 2,804,781

Securities held outright1 2,623,214 - 13,530 + 582,505 2,611,124

U.S. Treasury securities 1,666,285 - 4,622 + 826,295 1,654,195

Bills2 18,423 0 0 18,423

Notes and bonds, nominal2 1,570,373 - 4,787 + 797,398 1,558,113

Notes and bonds, inflation-indexed2 67,710 + 114 + 24,732 67,862

Inflation compensation3 9,780 + 51 + 4,166 9,798

Federal agency debt securities2 107,668 0 - 42,013 107,668

Mortgage-backed securities4 849,261 - 8,908 - 201,776 849,261

Repurchase agreements5 0 0 0 0

Loans 10,894 - 202 - 36,260 10,840

Primary credit 23 + 19 - 41 62

Secondary credit 0 0 0 0

Seasonal credit 32 - 6 + 9 24

Credit extended to American International

Group, Inc., net6 0 0 - 19,197 0

Term Asset-Backed Securities Loan Facility7 10,838 - 215 - 17,033 10,754

Other credit extensions 0 0 0 0

Net portfolio holdings of Maiden Lane LLC8 12,939 - 154 - 15,547 12,971

Net portfolio holdings of Maiden Lane II LLC9 9,453 - 350 - 7,022 9,336

Net portfolio holdings of Maiden Lane III LLC10 18,019 - 2,397 - 5,526 18,031

Net portfolio holdings of TALF LLC11 794 + 1 + 172 794

Preferred interests in AIA Aurora LLC and ALICO

Holdings LLC6 0 0 - 26,057 0

Float -917 + 99 + 750 -977

Central bank liquidity swaps12 1,853 0 + 1,793 1,853

Other Federal Reserve assets13 141,402 + 1,248 + 42,130 140,809

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding14 44,160 + 14 + 705 44,160

Total factors supplying reserve funds 2,878,052 - 15,271 + 537,643 2,865,181

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

1. Factors Affecting Reserve Balances of Depository Institutions (continued)

Millions of dollars

Averages of daily figures Wednesday

 Nov 2, 2011 Week ended

 Nov 2, 2011

Change from week ended

Oct 26, 2011 Nov 3, 2010

Reserve Bank credit, related items, and

reserve balances of depository institutions at

Federal Reserve Banks

Currency in circulation14 1,045,358 + 3,485 + 80,599 1,050,195

Reverse repurchase agreements15 91,001 + 10,605 + 33,607 124,512

Foreign official and international accounts 91,001 + 10,605 + 33,607 124,512

Others 0 0 0 0

Treasury cash holdings 122 - 20 - 64 111

Deposits with F.R. Banks, other than reserve balances 100,941 - 30,455 - 144,017 103,150

Term deposits held by depository institutions 0 0 - 5,113 0

U.S. Treasury, General Account 57,775 - 6,594 + 23,499 63,901

U.S. Treasury, Supplementary Financing Account 0 0 - 199,960 0

Foreign official 129 0 - 2,386 126

Service-related 2,508 - 2 + 112 2,508

Required clearing balances 2,508 - 2 + 112 2,508

Adjustments to compensate for float 0 0 0 0

Other 40,530 - 23,858 + 39,833 36,616

Funds from American International Group, Inc. asset

dispositions, held as agent6 0 0 - 6,895 0

Other liabilities and capital16 68,495 - 2,586 - 5,514 67,918

Total factors, other than reserve balances,

absorbing reserve funds 1,305,917 - 18,971 - 42,284 1,345,886

Reserve balances with Federal Reserve Banks 1,572,135 + 3,700 + 579,927 1,519,295

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.
H.4.1

1A. Memorandum Items

Millions of dollars

Averages of daily figures Wednesday

 Nov 2, 2011 Week ended

 Nov 2, 2011

Change from week ended

Oct 26, 2011 Nov 3, 2010

Memorandum item

Marketable securities held in custody for foreign

official and international accounts1 3,395,491 - 1,763 + 79,796 3,442,439

U.S. Treasury securities 2,674,459 - 669 + 90,563 2,720,416

Federal agency securities2 721,032 - 1,094 - 10,767 722,023

Securities lent to dealers 11,156 - 1,564 + 6,367 12,906

Overnight facility3 11,156 - 1,564 + 6,367 12,906

U.S. Treasury securities 10,271 - 1,475 + 6,544 11,934

Federal agency debt securities 886 - 88 - 176 972

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, November 2, 2011

Millions of dollars

Within 15

days

16 days to

90 days

91 days to

1 year

Over 1 year

to 5 years

Over 5 years

to 10 years

Over 10

years

Remaining maturity All

Loans1 63 23 4,199 6,555 0 ... 10,840

U.S. Treasury securities2

Holdings 20,150 21,217 115,531 679,266 603,320 214,712 1,654,195

Weekly changes + 3,635 - 5,520 - 2,221 - 18,424 - 4,084 + 2,798 - 23,817

Federal agency debt securities3

Holdings 171 5,999 19,596 63,409 16,146 2,347 107,668

Weekly changes + 171 - 171 0 0 0 0 0

Mortgage-backed securities4

Holdings 0 0 0 12 21 849,227 849,261

Weekly changes 0 0 0 - 1 0 0 0

Asset-backed securities held by

TALF LLC5 0 0 0 0 0 0 0

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

Central bank liquidity swaps7 500 1,353 0 0 0 0 1,853

Reverse repurchase agreements6 124,512 0 ... ... ... ... 124,512

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.
H.4.1

3. Supplemental Information on Mortgage-Backed Securities

Millions of dollars

Wednesday

 Nov 2, 2011 Account name

Mortgage-backed securities held outright1 849,261

Commitments to buy mortgage-backed securities2 26,000

Commitments to sell mortgage-backed securities2 0

Cash and cash equivalents3 0

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

underlying mortgages.

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

3. This amount is included in other Federal Reserve assets in table 1 and in other assets in table 8 and table 9.

4. Information on Principal Accounts of Maiden Lane LLC

Millions of dollars

Wednesday

 Nov 2, 2011 Account name

Net portfolio holdings of Maiden Lane LLC1 12,971

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2 9,882

Accrued interest payable to the Federal Reserve Bank of New York2 746

Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co.3 1,373

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

orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of September 30, 2011. Any assets purchased after

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

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

consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9.

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

table 8 and table 9.

Note: On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended credit to Maiden Lane LLC under the authority of section 13(3)

of the Federal Reserve Act. This limited liability company was formed to acquire certain assets of Bear Stearns and to manage those assets

through time to maximize repayment of the credit extended and to minimize disruption to financial markets. Payments by Maiden Lane LLC from

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

due to the FRBNY, principal due to JPMorgan Chase & Co., and interest due to JPMorgan Chase & Co. Any remaining funds will be paid to the

FRBNY.

5. Information on Principal Accounts of Maiden Lane II LLC

Millions of dollars

Wednesday

 Nov 2, 2011 Account name

Net portfolio holdings of Maiden Lane II LLC1 9,336

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2 6,368

Accrued interest payable to the Federal Reserve Bank of New York2 555

Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc.3 1,100

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

orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of September 30, 2011. Any assets purchased after

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

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

consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9.

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

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

included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 8 and table 9.

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

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

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

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

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

FRBNY and AIG subsidiaries.
H.4.1

6. Information on Principal Accounts of Maiden Lane III LLC

Millions of dollars

Wednesday

 Nov 2, 2011 Account name

Net portfolio holdings of Maiden Lane III LLC1 18,031

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2 9,739

Accrued interest payable to the Federal Reserve Bank of New York2 671

Outstanding principal amount and accrued interest on loan payable to American International Group, Inc.3 5,512

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

orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of September 30, 2011. Any assets purchased after

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

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

consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9.

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

table 8 and table 9.

Note: On November 25, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden Lane III LLC under the authority

of section 13(3) of the Federal Reserve Act. This limited liability company was formed to purchase multi-sector collateralized debt obligations

(CDOs) on which the Financial Products group of American International Group, Inc. (AIG) has written credit default swap (CDS) contracts. In

connection with the purchase of CDOs, the CDS counterparties will concurrently unwind the related CDS transactions. Payments by Maiden Lane

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

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

AIG.

7. Information on Principal Accounts of TALF LLC

Millions of dollars

Wednesday

 Nov 2, 2011 Account name

Asset-backed securities holdings1 0

Other investments, net 794

Net portfolio holdings of TALF LLC 794

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2 0

Accrued interest payable to the Federal Reserve Bank of New York2 0

Funding provided by U.S. Treasury to TALF LLC, including accrued interest payable3 109

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

market on the measurement date.

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

under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9.

3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 8

and table 9.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

8. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Eliminations from

consolidation

Wednesday

 Nov 2, 2011

Change since

Wednesday

Oct 26, 2011

Wednesday

 Nov 3, 2010

Assets, liabilities, and capital

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 5,200 0 0

Coin 2,301 - 45 + 135

Securities, repurchase agreements, and loans 2,621,963 - 23,981 + 532,064

Securities held outright1 2,611,124 - 23,817 + 568,397

U.S. Treasury securities 1,654,195 - 23,817 + 812,187

Bills2 18,423 0 0

Notes and bonds, nominal2 1,558,113 - 24,134 + 783,123

Notes and bonds, inflation-indexed2 67,862 + 266 + 24,884

Inflation compensation3 9,798 + 51 + 4,181

Federal agency debt securities2 107,668 0 - 42,013

Mortgage-backed securities4 849,261 0 - 201,776

Repurchase agreements5 0 0 0

Loans 10,840 - 164 - 36,332

Net portfolio holdings of Maiden Lane LLC6 12,971 + 42 - 15,538

Net portfolio holdings of Maiden Lane II LLC7 9,336 - 136 - 7,141

Net portfolio holdings of Maiden Lane III LLC8 18,031 + 16 - 5,565

Net portfolio holdings of TALF LLC9 794 0 + 172

Preferred interests in AIA Aurora LLC and ALICO

Holdings LLC10 0 0 - 26,057

Items in process of collection (115) 431 + 102 + 119

Bank premises 2,178 - 8 - 43

Central bank liquidity swaps11 1,853 0 + 1,793

Other assets12 138,587 + 317 + 41,348

Total assets (115) 2,824,683 - 23,692 + 521,288

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

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

Millions of dollars

Eliminations from

consolidation

Wednesday

 Nov 2, 2011

Change since

Wednesday

Oct 26, 2011

Wednesday

 Nov 3, 2010

Assets, liabilities, and capital

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 1,008,443 + 6,869 + 80,712

Reverse repurchase agreements13 124,512 + 43,196 + 69,921

Deposits (0) 1,622,402 - 74,599 + 395,472

Term deposits held by depository institutions 0 0 - 5,113

Other deposits held by depository institutions 1,521,759 - 66,283 + 539,037

U.S. Treasury, General Account 63,901 + 8,714 + 27,883

U.S. Treasury, Supplementary Financing Account 0 0 - 199,960

Foreign official 126 - 6 - 2,550

Other (0) 36,616 - 17,024 + 36,176

Deferred availability cash items (115) 1,408 + 291 - 1,076

Other liabilities and accrued dividends14 15,826 + 515 - 19,051

Total liabilities (115) 2,772,591 - 23,728 + 525,978

Capital accounts

Capital paid in 26,046 + 18 - 668

Surplus 26,046 + 18 + 142

Other capital accounts 0 0 - 4,163

Total capital 52,092 + 35 - 4,690

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.
H.4.1

9. Statement of Condition of Each Federal Reserve Bank, November 2, 2011Millions of dollars

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

Assets, liabilities, and capital

Assets

Gold certificate account 11,037 390 3,866 432 450 872 1,394 854 319 Special drawing rights certificate acct. 5,200 196 1,818 210 237 412 654 424 150 Coin 2,301 59 84 162 171 394 210 340 32 Securities, repurchase agreements,

and loans 2,621,963 64,198 1,225,040 89,447 70,532 301,558 194,118 155,066 49,423 

Securities held outright1 2,611,124 64,198 1,214,285 89,447 70,532 301,558 194,118 155,063 49,421 

U.S. Treasury securities 1,654,195 40,671 769,272 56,666 44,683 191,043 122,977 98,235 31,309 

Bills2 18,423 453 8,567 631 498 2,128 1,370 1,094 349 Notes and bonds3 1,635,772 40,218 760,704 56,035 44,186 188,915 121,608 97,141 30,960 

Federal agency debt securities2 107,668 2,647 50,070 3,688 2,908 12,435 8,004 6,394 2,038 

Mortgage-backed securities4 849,261 20,880 394,943 29,092 22,940 98,081 63,136 50,434 16,074 

Repurchase agreements5 0 0 0 0 0 0 0 0 0 Loans 10,840 0 10,755 0 0 0 0 3 2 

Net portfolio holdings of Maiden

Lane LLC6 12,971 0 12,971 0 0 0 0 0 0 

Net portfolio holdings of Maiden

Lane II LLC7 9,336 0 9,336 0 0 0 0 0 0 

Net portfolio holdings of Maiden

Lane III LLC8 18,031 0 18,031 0 0 0 0 0 0 

Net portfolio holdings of TALF LLC9 794 0 794 0 0 0 0 0 0 

Preferred interests in AIA Aurora LLC

and ALICO Holdings LLC10 0 0 0 0 0 0 0 0 0 

Items in process of collection 546 37 0 70 97 7 109 31 5 Bank premises 2,178 122 257 67 126 233 214 205 134 Central bank liquidity swaps11 1,853 64 537 179 137 380 106 47 15 Other assets12 138,587 3,700 59,574 6,428 5,016 18,458 9,869 7,306 2,373 Interdistrict settlement account 0 + 1,779 + 247,776 - 7,693 - 3,478 - 131,195 - 28,253 - 19,750 - 6,825 - 

Total assets 2,824,798 70,545 1,580,085 89,302 73,288 191,119 178,422 144,522 45,627 

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

9. Statement of Condition of Each Federal Reserve Bank, November 2, 2011 (continued)Millions of dollars

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

Assets, liabilities, and capital

Liabilities

Federal Reserve notes outstanding 1,179,343 43,396 397,186 46,357 54,655 95,546 145,937 90,132 33,836 

Less: Notes held by F.R. Banks 170,900 5,560 46,902 6,867 9,449 11,884 26,670 12,820 4,430 

Federal Reserve notes, net 1,008,443 37,837 350,284 39,490 45,207 83,662 119,267 77,312 29,406 

Reverse repurchase agreements13 124,512 3,061 57,903 4,265 3,363 14,380 9,257 7,394 2,357 

Deposits 1,622,402 27,451 1,144,542 40,197 20,252 81,056 46,321 57,751 13,163 

Term deposits held by depository

institutions 0 0 0 0 0 0 0 0 0 

Other deposits held by depository

institutions 1,521,759 27,440 1,044,252 40,194 20,249 80,773 46,318 57,721 13,159 

U.S. Treasury, General Account 63,901 0 63,901 0 0 0 0 0 0 U.S. Treasury, Supplementary

Financing Account 0 0 0 0 0 0 0 0 0 

Foreign official 126 1 97 4 3 8 2 1 0 Other 36,616 10 36,292 0 0 274 1 29 4 

Deferred availability cash items 1,522 103 0 252 213 47 81 99 56 Interest on Federal Reserve notes due

to U.S. Treasury14 -203 19 -851 24 19 146 104 88 28 

Other liabilities and accrued

dividends15 16,028 189 12,608 257 268 705 416 355 165 

Total liabilities 2,772,705 68,660 1,564,487 84,486 69,322 179,995 175,446 143,000 45,175 Capital

Capital paid in 26,046 943 7,799 2,408 1,983 5,562 1,488 761 226 Surplus 26,046 943 7,799 2,408 1,983 5,562 1,488 761 226 Other capital 0 0 0 0 0 0 0 0 0 

Total liabilities and capital 2,824,798 70,545 1,580,085 89,302 73,288 191,119 178,422 144,522 45,627 

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

9. Statement of Condition of Each Federal Reserve Bank, November 2, 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 securitie4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the underlying mort5. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.6. 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 inte

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 Res

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 centr

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 

of New York (FRBNY) to eligible	borrowers through the Term Asset-Backed Securities Loan Facility. Before the closing of the AIG recapitalization plan on Janudividends 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 

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 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 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 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 Y

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 recapitincluded 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 Resewas extended to Maiden Lane LLC, which was formed to acquire certain assets of Bear Stearns. On November 25, 2008, a loan was extended to Maiden Lane III multi-sector collateralized debt obligations on which the Financial Products group of the American International Group, Inc. has written credit default swap contractwas extended to Maiden Lane II LLC, which was formed to purchase residential mortgage-backed securities from the U.S. securities lending reinvestment portfolio International Group, Inc. On November 25, 2008, the Federal Reserve Board authorized the FRBNY to extend credit to TALF LLC, which was formed to purchase securities received by the FRBNY in connection with the decision of a borrower not to repay a loan extended under the Term Asset-Backed Securities Loan FacilitThe FRBNY is the primary beneficiary of TALF LLC, because of the two beneficiaries of the LLC, the FRBNY and the U.S. Treasury, the FRBNY is primarily respoTALF LLC. The FRBNY is the primary beneficiary of the other LLCs cited above because it will receive a majority of any residual returns of the LLCs and absorb a Consistent with generally accepted accounting principles, the assets and liabilities of these LLCs have been consolidated with the assets and liabilities of the FRBNcondition shown on this release. As a consequence of the consolidation, the extensions of credit from the FRBNY to the LLCs are eliminated, the net assets of the (and in table 1 and table 8), and the liabilities of the LLCs to entities other than the FRBNY, including those with recourse only to the portfolio holdings of the LLCsin this table (and table 1 and table 8).
H.4.1

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

Millions of dollars

Wednesday

 Nov 2, 2011 Federal Reserve notes and collateral

Federal Reserve notes outstanding 1,179,343

Less: Notes held by F.R. Banks not subject to collateralization 170,900

Federal Reserve notes to be collateralized 1,008,443

Collateral held against Federal Reserve notes 1,008,443

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 992,206

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 2,611,124

Less: Face value of securities under reverse repurchase agreements 107,359

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 2,503,764

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.