FEDERAL RESERVE statistical release
H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
                                                                                            December 16, 2010
 
1. Factors Affecting Reserve Balances of Depository Institutions
Millions of dollars
Reserve Bank credit, related items, and                         Averages of daily figures         Wednesday  
reserve balances of depository institutions at             Week ended   Change from week ended   Dec 15, 2010
Federal Reserve Banks                                     Dec 15, 2010  Dec 8, 2010 Dec 16, 2009
 
Reserve Bank credit                                        2,374,330   +   22,754   +  183,718    2,367,888
  Securities held outright (1)                             2,129,613   +   21,551   +  322,281    2,124,282
    U.S. Treasury securities                                 960,796   +   23,565   +  184,235      967,553
      Bills (2)                                               18,423            0            0       18,423
      Notes and bonds, nominal (2)                           889,827   +   21,724   +  182,178      896,578
      Notes and bonds, inflation-indexed (2)                  46,506   +    1,630   +    1,863       46,506
      Inflation compensation (3)                               6,041   +      212   +      194        6,046
    Federal agency debt securities (2)                       148,136   -       42   -    8,652      147,884
    Mortgage-backed securities (4)                         1,020,681   -    1,972   +  146,697    1,008,845
  Repurchase agreements (5)                                        0            0            0            0
  Term auction credit                                              0            0   -   85,832            0
  Other loans                                                 45,216   -      946   -   41,555       45,752
    Primary credit                                                22   -       16   -   19,071           21
    Secondary credit                                               0            0   -      212            0
    Seasonal credit                                               28   +        1   -        8           29
    Credit extended to American International
       Group, Inc., net (6)                                   20,080   -      637   -      568       20,761
    Term Asset-Backed Securities Loan Facility (7)            25,087   -      293   -   21,695       24,941
    Other credit extensions                                        0            0            0            0
  Net portfolio holdings of Commercial Paper
     Funding Facility LLC (8)                                      0            0   -   14,032            0
  Net portfolio holdings of Maiden Lane LLC (9)               27,425   -      181   +      921       26,914
  Net portfolio holdings of Maiden Lane II LLC (10)           16,123   -      120   +      551       16,144
  Net portfolio holdings of Maiden Lane III LLC (11)          23,099   -      103   +      475       23,121
  Net portfolio holdings of TALF LLC (12)                        647   -        1   +      381          648
  Preferred interests in AIA Aurora LLC and ALICO
     Holdings LLC (13)                                        26,057            0   +    1,057       26,057
  Float                                                       -1,734   +       91   +      119       -2,044
  Central bank liquidity swaps (14)                               60            0   -   14,432           60
  Other Federal Reserve assets (15)                          107,823   +    2,461   +   13,782      106,954
Gold stock                                                    11,041            0            0       11,041
Special drawing rights certificate account                     5,200            0            0        5,200
Treasury currency outstanding (16)                            43,539   +       14   +      850       43,539

Total factors supplying reserve funds                      2,434,110   +   22,768   +  184,568    2,427,668
 
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.

 
1. Factors Affecting Reserve Balances of Depository Institutions (continued)
Millions of dollars
Reserve Bank credit, related items, and                         Averages of daily figures         Wednesday  
reserve balances of depository institutions at             Week ended   Change from week ended   Dec 15, 2010
Federal Reserve Banks                                     Dec 15, 2010  Dec 8, 2010 Dec 16, 2009
 
Currency in circulation (16)                                 978,423   +    2,070   +   55,712      979,658
Reverse repurchase agreements (17)                            50,054   -      562   -    7,175       50,816
  Foreign official and international accounts                 50,054   -      562   -    6,815       50,816
  Others                                                           0            0   -      360            0
Treasury cash holdings                                           184   -       10   -       36          177
Deposits with F.R. Banks, other than reserve balances        251,044   +   17,376   +  147,880      302,641
  Term deposits held by depository institutions                5,113            0   +    5,113        5,113
  U.S. Treasury, general account                              30,093   +    8,909   -   46,648       91,641
  U.S. Treasury, supplementary financing account             199,961   +        2   +  184,961      199,961
  Foreign official                                             3,096   +       70   +    1,572        3,161
  Service-related                                              2,361   +        1   -      833        2,361
    Required clearing balances                                 2,361   +        1   -      770        2,361
    Adjustments to compensate for float                            0            0   -       62            0
  Other                                                       10,420   +    8,394   +    3,714          403
Funds from American International Group, Inc. asset
   dispositions, held as agent (18)                           26,774            0   +   26,774       26,774
Other liabilities and capital (19)                            73,844   +      777   +    4,322       72,882

Total factors, other than reserve balances,
   absorbing reserve funds                                 1,380,323   +   19,652   +  227,477    1,432,949

Reserve balances with Federal Reserve Banks                1,053,787   +    3,116   -   42,908      994,719
 
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. Includes outstanding principal and capitalized interest net of unamortized deferred commitment fees and
   allowance for loan restructuring. Excludes credit extended to consolidated LLCs.
7. Includes credit extended by the Federal Reserve Bank of New York to eligible borrowers through the Term
   Asset-Backed Securities Loan Facility.
8. Includes the book value of the commercial paper, net of amortized costs and related fees, and other
   investments held by the Commercial Paper Funding Facility LLC.
9.  Refer to table 4 and the note on consolidation accompanying table 10.
10. Refer to table 5 and the note on consolidation accompanying table 10.
11. Refer to table 6 and the note on consolidation accompanying table 10.
12. Refer to table 7 and the note on consolidation accompanying table 10.
13. Refer to table 8.
14. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when
    the foreign currency is returned to the foreign central bank. This exchange rate equals the market
    exchange rate used when the foreign currency was acquired from the foreign central bank.
15. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange
    rates, accrued dividends on the Federal Reserve Bank of New York's (FRBNY) preferred interests in AIA
    Aurora LLC and ALICO Holdings LLC, and the fair value adjustment to credit extended by the FRBNY to
    eligible borrowers through the Term Asset-Backed Securities Loan Facility.
16. Estimated.
17. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt
    securities, and mortgage-backed securities.
18. Pending the closing of the recapitalization plan announced by American International Group, Inc. (AIG) on
    September 30, 2010, the cash proceeds from the disposition of certain AIG assets will be held by the
    FRBNY as agent. At the closing of the recapitalization plan, the proceeds will be used first to repay in
    full the credit extended to AIG by the FRBNY under the revolving credit facility and then to retire a
    portion of the FRBNY's preferred interests in AIA Aurora LLC and ALICO Holdings LLC (preferred
    interests). Alternatively, if the recapitalization plan is terminated under the terms of the plan, then
    the proceeds from the initial public offering of AIA and the sale of ALICO will be used to redeem the
    preferred interests in accordance with the AIA Aurora LLC	and ALICO Holdings LLC limited liability
    company agreements, and any excess proceeds from these transactions, as well as proceeds from the
    disposition of other assets, will be used to repay the credit extended to AIG under the revolving credit
    facility.
19. Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to
    entities other than the Federal Reserve Bank of New York, including liabilities that have recourse only
    to the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note on consolidation
    accompanying table 10.

Sources: Federal Reserve Banks and the U.S. Department of the Treasury.

 
1A. Memorandum Items
Millions of dollars
                                                                Averages of daily figures         Wednesday  
                                                           Week ended   Change from week ended   Dec 15, 2010
Memorandum item                                           Dec 15, 2010  Dec 8, 2010 Dec 16, 2009
 
Marketable securities held in custody for foreign
   official and international accounts (1)                 3,337,043   -    3,554   +  388,541    3,340,442
  U.S. Treasury securities                                 2,606,769   -    2,236   +  429,707    2,611,968
  Federal agency securities (2)                              730,274   -    1,318   -   41,167      728,474
Securities lent to dealers                                     9,416   -      951   +      522       10,734
  Overnight facility (3)                                       9,416   -      951   +      522       10,734
    U.S. Treasury securities                                   8,331   -      898   +      330        9,519
    Federal agency debt securities                             1,085   -       54   +      192        1,215
 
Note: Components may not sum to totals because of rounding.

1. Face value of the securities. Includes U.S. Treasury STRIPS and other zero-coupon bonds at face value and
   mortgage-backed securities at original face value.
2. Includes debt and mortgage-backed securities.
3. Fully collateralized by U.S. Treasury securities.

 
2. Maturity Distribution of Securities, Loans, and Selected Other Assets and Liabilities,  December 15, 2010
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    
 
Other loans (1)                               21           29            0       45,702            0           ...       45,752
U.S. Treasury securities (2)
  Holdings                                16,005       18,642       55,978      408,543      314,299       154,086      967,553
  Weekly changes                      +    2,907   -    3,867   +    2,416   -    1,249   +   17,066    +      668   +   17,941
Federal agency debt securities (3)
  Holdings                                   424        6,164       36,600       71,752       30,597         2,347      147,884
  Weekly changes                      -      294   +    1,953   -      740   -    1,213            0             0   -      294
Mortgage-backed securities (4)
  Holdings                                     0            0            0           25           21     1,008,800    1,008,845
  Weekly changes                               0            0            0            0            0    -   13,807   -   13,808
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)              60            0            0            0            0             0           60

Reverse repurchase agreements (6)         50,816            0          ...          ...          ...           ...       50,816
Term deposits                              5,113            0            0          ...          ...           ...        5,113
 
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                                                                                                           Dec 15, 2010 
 
Mortgage-backed securities held outright (1)                                                                           1,008,845

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 9 and table 10.

 
4. Information on Principal Accounts of Maiden Lane LLC
Millions of dollars
                                                                                                                        Wednesday   
Account name                                                                                                           Dec 15, 2010 
 
Net portfolio holdings of Maiden Lane LLC (1)                                                                             26,914

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                 25,228
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                         609
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3)                              1,312
 
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, 2010. Any assets purchased after this valuation date are initially recorded at cost until their estimated fair
   value as of the purchase date becomes available.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent
   with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 10.
3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities
   and accrued dividends in table 9 and table 10.

Note: On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended credit to Maiden Lane LLC under the authority of
section 13(3) of the Federal Reserve Act. This limited liability company was formed to acquire certain assets of Bear Stearns and to
manage those assets through time to maximize repayment of the credit extended and to minimize disruption to financial markets.
Payments by Maiden Lane LLC from the proceeds of the net portfolio holdings will be made in the following order: operating expenses
of the LLC, principal due to the FRBNY, interest due to the FRBNY, principal due to JPMorgan Chase & Co., and interest due to
JPMorgan Chase & Co. Any remaining funds will be paid to the FRBNY.

 
5. Information on Principal Accounts of Maiden Lane II LLC
Millions of dollars
                                                                                                                        Wednesday   
Account name                                                                                                           Dec 15, 2010 
 
Net portfolio holdings of Maiden Lane II LLC (1)                                                                          16,144

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                 13,034
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                         444
Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc. (3)                    1,070
 
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, 2010. Any assets purchased after this valuation date are initially recorded at cost until their estimated fair
   value as of the purchase date becomes available.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent
   with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 10.
3. Book value. The deferred payment represents the portion of the proceeds of the net portfolio holdings due to subsidiaries of
   American International Group, Inc. in accordance with the asset purchase agreement. The fair value of this payment and accrued
   interest payable are included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table
   9 and table 10.

Note: On December 12, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden Lane II LLC under the
authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to purchase residential
mortgage-backed securities from the U.S. securities lending reinvestment portfolio of subsidiaries of American International Group,
Inc. (AIG subsidiaries). Payments by Maiden Lane II LLC from the proceeds of the net portfolio holdings will be made in the
following order: operating expenses of Maiden Lane II LLC, principal due to the FRBNY, interest due to the FRBNY, and deferred
payment and interest due to AIG subsidiaries. Any remaining funds will be shared by the FRBNY and AIG subsidiaries.

 
6. Information on Principal Accounts of Maiden Lane III LLC
Millions of dollars
                                                                                                                        Wednesday   
Account name                                                                                                           Dec 15, 2010 
 
Net portfolio holdings of Maiden Lane III LLC (1)                                                                         23,121

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                 13,526
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                         538
Outstanding principal amount and accrued interest on loan payable to American International Group, Inc. (3)                5,358
 
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, 2010. Any assets purchased after this valuation date are initially recorded at cost until their estimated fair
   value as of the purchase date becomes available.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent
   with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 10.
3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities
   and accrued dividends in table 9 and table 10.

Note: On November 25, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden Lane III LLC under the
authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to purchase multi-sector
collateralized debt obligations (CDOs) on which the Financial Products group of American International Group, Inc. (AIG) has written
credit default swap (CDS) contracts. In connection with the purchase of CDOs, the CDS counterparties will concurrently unwind the
related CDS transactions. Payments by Maiden Lane III LLC from the proceeds of the net portfolio holdings will be made in the
following order: operating expenses of Maiden Lane III LLC, principal due to the FRBNY, interest due to the FRBNY, principal due to
AIG, and interest due to AIG. Any remaining funds will be shared by the FRBNY and AIG.

 
7. Information on Principal Accounts of TALF LLC
Millions of dollars
                                                                                                                        Wednesday   
Account name                                                                                                           Dec 15, 2010 
 
Asset-backed securities holdings (1)                                                                                           0
Other investments, net                                                                                                       648
Net portfolio holdings of TALF LLC                                                                                           648

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)                                        106
 
1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to
   be conducted in an orderly market on the measurement date.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent
   with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 10.
3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities
   and accrued dividends in table 9 and table 10.

Note: On November 25, 2008, the Federal Reserve announced the creation of the Term Asset-Backed Securities Loan Facility (TALF)
under the authority of section 13(3) of the Federal Reserve Act. The TALF is a facility under which the Federal Reserve Bank of New
York (FRBNY) extends loans with a term of up to five years to holders of eligible asset-backed securities. The TALF is intended to
assist financial markets in accommodating the credit needs of consumers and businesses by facilitating the issuance of asset-backed
securities collateralized by a variety of consumer and business loans. The loans provided through the TALF to eligible borrowers are
non-recourse, meaning that the obligation of the borrower can be discharged by surrendering the collateral to the FRBNY. The loans
are extended for the market value of the security less an amount known as a haircut. As a result, the borrower bears the initial
risk of a decline in the value of the security.

TALF LLC is a limited liability company formed to purchase and manage any asset-backed securities received by the FRBNY in
connection with the decision of a borrower not to repay a TALF loan. TALF LLC has committed, for a fee, to purchase all asset-backed
securities received by the FRBNY in conjunction with a TALF loan at a price equal to the TALF loan plus accrued but unpaid interest.
Losses on asset-backed securities held by TALF LLC will be offset in the following order: by the commitment fees collected by TALF
LLC, by the interest received on investments of TALF LLC, by up to $4.3 billion in subordinated debt funding provided by the U.S.
Treasury, and finally, by senior debt funding provided by the FRBNY. Payments by TALF LLC from the proceeds of its net portfolio
holdings will be made in the following order: operating expenses of TALF LLC, principal due to the FRBNY, principal due to the U.S.
Treasury, interest due to the FRBNY, and interest due to the U.S. Treasury. Any remaining funds will be shared by the FRBNY and the
U.S. Treasury.

 
8. Supplemental Information on the Federal Reserve Bank of New York's Preferred Interests in
AIA Aurora LLC and ALICO Holdings LLC
Millions of dollars
                                                                                                                        Wednesday   
Account name                                                                                                           Dec 15, 2010 
 
Preferred interests in AIA Aurora LLC and ALICO Holdings LLC (1)                                                          26,057
Accrued dividends on preferred interests in AIA Aurora LLC and ALICO Holdings LLC (2)                                        271

Preferred interests in AIA Aurora LLC (1)                                                                                 16,676
Accrued dividends on preferred interests in AIA Aurora LLC (2)                                                               174

Preferred interests in ALICO Holdings LLC (1)                                                                              9,380
Accrued dividends on preferred interests in ALICO Holdings LLC (2)                                                            98
 
Note: Components may not sum to totals because of rounding.

1. Book value.
2. This amount is included in other Federal Reserve assets in table 1 and in other assets in table 9 and table 10.

Note on preferred interests:

In conjunction with the restructuring of the government's assistance to American International Group, Inc. (AIG) announced March 2,
2009, the outstanding balance and amount available of revolving credit provided to AIG by the FRBNY has been reduced in exchange for
preferred interests in two special purpose vehicles, AIA Aurora LLC and ALICO Holdings LLC. These two limited liability companies
were created to directly or indirectly hold all of the outstanding common stock of American International Assurance Company Ltd.
(AIA) and American Life Insurance Company (ALICO), two life insurance subsidiaries of AIG. AIG will retain control of AIA Aurora LLC
and ALICO Holdings LLC, and the FRBNY will have certain consent, disposition, and conversion rights with respect to its preferred
interests.

Dividends accrue as a percentage of the FRBNY's preferred interests in AIA Aurora LLC and ALICO Holdings LLC. On a quarterly basis,
the accrued dividends are capitalized and added to the FRBNY's preferred interests in AIA Aurora LLC and ALICO Holdings LLC.

 
9. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of dollars
                                                       Eliminations from  Wednesday         Change since       
                                                        consolidation   Dec 15, 2010   Wednesday    Wednesday  
Assets, liabilities, and capital                                                       Dec 8, 2010 Dec 16, 2009
 
Assets
  Gold certificate account                                                  11,037             0            0
  Special drawing rights certificate account                                 5,200             0            0
  Coin                                                                       2,144    +       28   +       99
  Securities, repurchase agreements, term auction
     credit, and other loans                                             2,170,034    +    3,649   +  162,527
    Securities held outright (1)                                         2,124,282    +    3,839   +  288,802
      U.S. Treasury securities                                             967,553    +   17,941   +  190,988
        Bills (2)                                                           18,423             0            0
        Notes and bonds, nominal (2)                                       896,578    +   16,099   +  188,929
        Notes and bonds, inflation-indexed (2)                              46,506    +    1,630   +    1,863
        Inflation compensation (3)                                           6,046    +      211   +      195
      Federal agency debt securities (2)                                   147,884    -      294   -    9,801
      Mortgage-backed securities (4)                                     1,008,845    -   13,808   +  107,614
    Repurchase agreements (5)                                                    0             0            0
    Term auction credit                                                          0             0   -   85,832
    Other loans                                                             45,752    -      190   -   40,443
  Net portfolio holdings of Commercial Paper
     Funding Facility LLC (6)                                                    0             0   -   14,039
  Net portfolio holdings of Maiden Lane LLC (7)                             26,914    -      720   +      336
  Net portfolio holdings of Maiden Lane II LLC (8)                          16,144    +       24   +      566
  Net portfolio holdings of Maiden Lane III LLC (9)                         23,121    +       25   +      479
  Net portfolio holdings of TALF LLC (10)                                      648    +        1   +      382
  Preferred interests in AIA Aurora LLC and ALICO
     Holdings LLC (11)                                                      26,057             0   +    1,057
  Items in process of collection                             (89)              267    +       24   -       58
  Bank premises                                                              2,223    +        6   -       16
  Central bank liquidity swaps (12)                                             60             0   -   14,432
  Other assets (13)                                                        104,702    +      431   +   12,681

Total assets                                                 (89)        2,388,550    +    3,466   +  149,582
 
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.

 
9. Consolidated Statement of Condition of All Federal Reserve Banks (continued)
Millions of dollars
                                                       Eliminations from  Wednesday         Change since       
                                                        consolidation   Dec 15, 2010   Wednesday    Wednesday  
Assets, liabilities, and capital                                                       Dec 8, 2010 Dec 16, 2009
 
Liabilities
  Federal Reserve notes, net of F.R. Bank holdings                         938,436    +      908   +   55,049
  Reverse repurchase agreements (14)                                        50,816    +      797   -    6,731
  Deposits                                                    (0)        1,297,332    +    1,891   +   75,119
    Term deposits held by depository institutions                            5,113             0   +    5,113
    Other deposits held by depository institutions                         997,052    -   64,204   -   76,243
    U.S. Treasury, general account                                          91,641    +   72,052   -   40,516
    U.S. Treasury, supplementary financing account                         199,961    +        2   +  184,961
    Foreign official                                                         3,161    +        1   +    1,721
    Other                                                     (0)              403    -    5,961   +       82
  Deferred availability cash items                           (89)            2,311    -       13   -      334
  Other liabilities and accrued dividends (15)                              42,929    +      122   +   22,002

Total liabilities                                            (89)        2,331,823    +    3,703   +  145,105

Capital accounts
  Capital paid in                                                           26,832    +       46   +    1,195
  Surplus                                                                   25,939    +        6   +    4,474
  Other capital accounts                                                     3,957    -      288   -    1,192

Total capital                                                               56,728    -      236   +    4,477
 
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. Includes the book value of the commercial paper, net of amortized costs and related fees, and other
   investments held by the Commercial Paper Funding Facility LLC.
7. Refer to table 4 and the note on consolidation accompanying table 10.
8. Refer to table 5 and the note on consolidation accompanying table 10.
9.  Refer to table 6 and the note on consolidation accompanying table 10.
10. Refer to table 7 and the note on consolidation accompanying table 10.
11. Refer to table 8.
12. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when
    the foreign currency is returned to the foreign central bank. This exchange rate equals the market exchange
    rate used when the foreign currency was acquired from the foreign central bank.
13. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates,
    accrued dividends on the Federal Reserve Bank of New York's (FRBNY) preferred interests in AIA Aurora LLC
    and ALICO Holdings LLC, and the fair value adjustment to credit extended by the FRBNY to eligible borrowers
    through the Term Asset-Backed Securities Loan Facility.
14. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt
    securities, and mortgage-backed securities.
15. Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to
    entities other than the Federal Reserve Bank of New York, including liabilities that have recourse only to
    the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note on consolidation
    accompanying table 10. Also includes funds from American International Group, Inc. asset dispositions, held
    as agent.


 
10. Statement of Condition of Each Federal Reserve Bank,  December 15, 2010
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         369       4,038         404         463         846       1,385         887         324         203         296         652       1,170
  Special drawing rights certificate acct.       5,200         196       1,818         210         237         412         654         424         150          90         153         282         574
  Coin                                           2,144          55          71         171         161         339         187         331          33          58         154         232         351
  Securities, repurchase agreements,
     term auction credit, and other
     loans                                   2,170,034      53,758     912,522      49,611      72,174     241,938     201,016     160,148      54,723      29,094      72,881      89,202     232,968
    Securities held outright (1)             2,124,282      53,758     866,819      49,608      72,174     241,933     201,016     160,142      54,718      29,081      72,871      89,200     232,962
      U.S. Treasury securities                 967,553      24,486     394,813      22,595      32,873     110,194      91,557      72,940      24,922      13,246      33,191      40,628     106,108
        Bills (2)                               18,423         466       7,517         430         626       2,098       1,743       1,389         475         252         632         774       2,020
        Notes and bonds (3)                    949,130      24,019     387,295      22,165      32,247     108,096      89,814      71,551      24,448      12,993      32,559      39,854     104,087
      Federal agency debt securities (2)       147,884       3,742      60,344       3,454       5,024      16,842      13,994      11,148       3,809       2,024       5,073       6,210      16,218
      Mortgage-backed securities (4)         1,008,845      25,531     411,662      23,559      34,276     114,897      95,465      76,053      25,986      13,811      34,607      42,362     110,636
    Repurchase agreements (5)                        0           0           0           0           0           0           0           0           0           0           0           0           0
    Term auction credit                              0           0           0           0           0           0           0           0           0           0           0           0           0
    Other loans                                 45,752           0      45,702           3           0           5           0           6           5          13          10           2           6
  Net portfolio holdings of Commercial
     Paper Funding Facility LLC (6)                  0           0           0           0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of Maiden
     Lane LLC (7)                               26,914           0      26,914           0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of Maiden
     Lane II LLC (8)                            16,144           0      16,144           0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of Maiden
     Lane III LLC (9)                           23,121           0      23,121           0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of TALF LLC (10)          648           0         648           0           0           0           0           0           0           0           0           0           0
  Preferred interests in AIA Aurora LLC
     and ALICO Holdings LLC (11)                26,057           0      26,057           0           0           0           0           0           0           0           0           0           0
  Items in process of collection                   356          11           0          57          81           8          39          45          16           8          34          33          24
  Bank premises                                  2,223         127         256          68         140         239         217         209         135         107         265         246         213
  Central bank liquidity swaps (12)                 60           2          17           7           4          17           4           1           1           2           0           1           4
  Other assets (13)                            104,702       2,960      39,876       4,683       4,581      16,124       9,000       6,514       2,278       1,814       2,909       3,671      10,294
  Interdistrict settlement account                   0   +   3,602   + 160,867   +  22,514   -  20,548   -  36,231   -  37,822   -  34,000   -  14,384   -   6,797   -  12,996   -   3,236   -  20,969

Total assets                                 2,388,640      61,081   1,212,348      77,725      57,293     223,691     174,680     134,558      43,276      24,579      63,697      91,082     224,629
 
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.

 
10. Statement of Condition of Each Federal Reserve Bank,  December 15, 2010 (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          1,125,187      41,265     384,317      45,733      46,092      90,544     141,648      86,949      32,566      20,043      33,409      76,091     126,528
    Less: Notes held by F.R. Banks             186,751       4,772      68,544       5,287       7,181      13,507      21,432      12,270       4,368       5,882       3,535      12,106      27,867
      Federal Reserve notes, net               938,436      36,493     315,773      40,446      38,911      77,037     120,215      74,679      28,199      14,161      29,874      63,986      98,661
  Reverse repurchase agreements (14)            50,816       1,286      20,736       1,187       1,727       5,787       4,809       3,831       1,309         696       1,743       2,134       5,573
  Deposits                                   1,297,332      21,131     820,660      29,817      12,020     127,282      45,762      54,034      13,034       7,503      31,261      23,741     111,087
    Term deposits held by depository
       institutions                              5,113          20       1,978         800          15         414          12          17           5           5          14          15       1,818
    Other deposits held by depository
       institutions                            997,052      21,091     523,726      29,011      12,001     126,774      45,748      54,000      12,978       7,494      31,246      23,725     109,258
    U.S. Treasury, general account              91,641           0      91,641           0           0           0           0           0           0           0           0           0           0
    U.S. Treasury, supplementary
       financing account                       199,961           0     199,961           0           0           0           0           0           0           0           0           0           0
    Foreign official                             3,161           1       3,133           4           3          11           2           1           0           1           0           1           3
    Other                                          403          18         221           1           1          83           0          16          51           3           1           0           8
  Deferred availability cash items               2,400          75           0         288         476          96         117         170          67         419         136         110         446
  Other liabilities and accrued
     dividends (15)                             42,929         202      39,196         262         270         757         495         408         181         144         183         261         571

Total liabilities                            2,331,912      59,187   1,196,364      72,000      53,403     210,959     171,398     133,121      42,790      22,923      63,197      90,231     216,339

Capital
  Capital paid in                               26,832         916       7,682       2,866       1,923       5,439       1,580         672         214         819         239         402       4,079
  Surplus                                       25,939         946       7,732       2,804       1,911       7,141       1,581         621         238         712         210         353       1,689
  Other capital                                  3,957          32         569          55          57         152         120         144          33         125          51          96       2,522

Total liabilities and capital                2,388,640      61,081   1,212,348      77,725      57,293     223,691     174,680     134,558      43,276      24,579      63,697      91,082     224,629
 
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.

10. Statement of Condition of Each Federal Reserve Bank,  December 15, 2010 (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. Includes the book value of the commercial paper, net of amortized costs and related fees, and other investments held by the Commercial Paper Funding Facility LLC.
7. Refer to table 4 and the note on consolidation below.
8. Refer to table 5 and the note on consolidation below.
9.  Refer to table 6 and the note on consolidation below.
10. Refer to table 7 and the note on consolidation below.
11. Refer to table 8.
12. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals
    the market exchange rate used when the foreign currency was acquired from the foreign central bank.
13. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates, accrued dividends on the Federal Reserve Bank of New York's (FRBNY) preferred interests
    in AIA Aurora LLC and ALICO Holdings LLC, and the fair value adjustment to credit extended by the FRBNY to eligible borrowers through the Term Asset-Backed Securities Loan Facility.
14. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.
15. Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to entities other than the Federal Reserve Bank of New York, including liabilities that have
    recourse only to the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note on consolidation below. Also includes 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 9), 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 9).

 
11. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts
Millions of dollars
                                                                                            Wednesday   
Federal Reserve notes and collateral                                                       Dec 15, 2010 
 
Federal Reserve notes outstanding                                                          1,125,187
  Less: Notes held by F.R. Banks not subject to collateralization                            186,751
    Federal Reserve notes to be collateralized                                               938,436
Collateral held against Federal Reserve notes                                                938,436
  Gold certificate account                                                                    11,037
  Special drawing rights certificate account                                                   5,200
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   922,199
  Other assets pledged                                                                             0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                     2,124,282
  Less: Face value of securities under reverse repurchase agreements                          45,385
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged      2,078,897
 
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.