FEDERAL RESERVE statistical release

For release at

4:30 P.M. EDT

November 4, 2010

The Board’s H.4.1 statistical release, "Factors Affecting Reserve Balances of Depository Institutions

and Condition Statement of Federal Reserve Banks," has been modified to report the funds held as

agent by the Federal Reserve Bank of New York (FRBNY) related to the recapitalization plan

announced by American International Group, Inc. (AIG) on September 30, 2010. The

recapitalization plan, which is expected to close by the end of the first quarter of 2011, is designed to

restructure and facilitate repayment of the financial support provided to AIG by the U.S.

Department of the Treasury and the FRBNY. Pending the closing of the recapitalization plan, the

cash proceeds from certain AIG asset dispositions will be held by the FRBNY as agent.

At the closing of the recapitalization plan, the cash proceeds from certain asset dispositions, most

notably the initial public offering of AIA Group Limited (AIA) and the sale of American Life

Insurance Company (ALICO), will be used first to repay in full the credit extended to AIG by the

FRBNY under the revolving credit facility (AIG loan) and then to retire a portion of the FRBNY’s

preferred interests in AIA Aurora LLC and ALICO Holdings LLC (preferred interests) taken earlier

by the FRBNY in satisfaction of a portion of the AIG loan. 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 AIG loan.

The FRBNY began to hold as agent funds from the cash proceeds from the initial public offering of

AIA on October 29, 2010, and from the cash proceeds from the sale of ALICO on November 1,

2010.

The funds held by the FRBNY as agent from the disposition of the AIG assets are reported in table

1 and are included in "Other liabilities and accrued dividends" in table 9 and in table 10.
FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and

Condition Statement of Federal Reserve Banks November 4, 2010

1. Factors Affecting Reserve Balances of Depository Institutions

Millions of dollars

Averages of daily figures Wednesday

 Nov 3, 2010 Week ended

 Nov 3, 2010

Change from week ended

Oct 27, 2010 Nov 4, 2009

Reserve Bank credit, related items, and

reserve balances of depository institutions at

Federal Reserve Banks

Reserve Bank credit 2,280,752 - 1,986 + 131,857 2,282,538

Securities held outright1 2,040,709 - 3,192 + 343,065 2,042,727

U.S. Treasury securities 839,990 + 5,713 + 63,758 842,008

Bills2 18,423 0 0 18,423

Notes and bonds, nominal2 772,975 + 5,700 + 65,603 774,990

Notes and bonds, inflation-indexed2 42,978 0 - 1,665 42,978

Inflation compensation3 5,614 + 14 - 180 5,617

Federal agency debt securities2 149,681 - 498 + 2,722 149,681

Mortgage-backed securities4 1,051,037 - 8,408 + 276,583 1,051,037

Repurchase agreements5 0 0 0 0

Term auction credit 0 0 - 139,245 0

Other loans 47,154 - 690 - 63,454 47,172

Primary credit 64 + 40 - 22,546 31

Secondary credit 0 0 - 197 0

Seasonal credit 23 - 9 - 37 20

Asset-Backed Commercial Paper Money Market

Mutual Fund Liquidity Facility 0 0 0 0

Credit extended to American International

Group, Inc., net6 19,197 - 76 - 25,411 19,530

Term Asset-Backed Securities Loan Facility7 27,871 - 645 - 15,261 27,592

Other credit extensions 0 0 0 0

Net portfolio holdings of Commercial Paper

Funding Facility LLC8 0 0 - 15,647 0

Net portfolio holdings of Maiden Lane LLC9 28,486 + 516 + 2,197 28,509

Net portfolio holdings of Maiden Lane II LLC10 16,475 + 679 + 467 16,477

Net portfolio holdings of Maiden Lane III LLC11 23,545 + 603 + 365 23,596

Net portfolio holdings of TALF LLC12 622 0 + 622 622

Preferred interests in AIA Aurora LLC and ALICO

Holdings LLC13 26,057 0 + 26,057 26,057

Float -1,667 - 145 + 194 -2,171

Central bank liquidity swaps14 60 0 - 31,824 60

Other Federal Reserve assets15 99,311 + 244 + 9,061 99,490

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding16 43,448 + 14 + 841 43,448

Total factors supplying reserve funds 2,340,440 - 1,973 + 132,697 2,342,226

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 3, 2010 Week ended

 Nov 3, 2010

Change from week ended

Oct 27, 2010 Nov 4, 2009

Reserve Bank credit, related items, and

reserve balances of depository institutions at

Federal Reserve Banks

Currency in circulation16 964,752 + 3,385 + 49,677 968,841

Reverse repurchase agreements17 57,394 + 505 - 7,450 54,591

Foreign official and international accounts 57,394 + 2,118 - 7,450 54,591

Others 0 - 1,613 0 0

Treasury cash holdings 186 - 35 - 70 176

Deposits with F.R. Banks, other than reserve balances 244,958 - 3,372 + 166,739 246,603

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

U.S. Treasury, general account 34,276 - 3,643 - 15,235 36,018

U.S. Treasury, supplementary financing account 199,960 - 1 + 184,961 199,960

Foreign official 2,515 + 337 + 94 2,676

Service-related 2,396 0 - 837 2,396

Required clearing balances 2,396 0 - 837 2,396

Adjustments to compensate for float 0 0 0 0

Other 697 - 65 - 7,357 440

Funds from American International Group, Inc. asset

dispositions, held as agent18 6,895 + 6,895 + 6,895 18,850

Other liabilities and capital19 74,009 + 1,593 + 9,314 72,808

Total factors, other than reserve balances,

absorbing reserve funds 1,348,193 + 8,969 + 225,105 1,361,871

Reserve balances with Federal Reserve Banks 992,247 - 10,942 - 92,408 980,356

Note: Components may not sum to totals because of rounding.

1. Includes securities lent to dealers under the overnight and term securities lending facilities; 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.
H.4.1

1A. Memorandum Items

Millions of dollars

Averages of daily figures Wednesday

 Nov 3, 2010 Week ended

 Nov 3, 2010

Change from week ended

Oct 27, 2010 Nov 4, 2009

Memorandum item

Marketable securities held in custody for foreign

official and international accounts1 3,315,695 + 21,622 + 405,863 3,325,020

U.S. Treasury securities 2,583,896 + 21,719 + 434,957 2,590,915

Federal agency securities2 731,799 - 97 - 29,093 734,105

Securities lent to dealers 4,789 - 663 - 1,644 3,758

Overnight facility3 4,789 - 663 - 1,644 3,758

U.S. Treasury securities 3,727 - 561 - 1,626 2,761

Federal agency debt securities 1,062 - 102 - 18 997

Term facility4 0 0 0 0

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.

4. U.S. Treasury securities only. Fully collateralized by U.S. Treasury securities, federal agency securities, and other highly rated debt securities.

2. Maturity Distribution of Securities, Loans, and Selected Other Assets and Liabilities, November 3, 2010

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

Other loans1 34 16 0 47,122 0 ... 47,172

U.S. Treasury securities2

Holdings 16,840 17,280 50,651 364,061 247,169 146,008 842,008

Weekly changes + 4,744 - 4,541 + 1,799 + 1,556 + 598 + 5 + 4,160

Federal agency debt securities3

Holdings 687 4,370 36,956 73,522 31,799 2,347 149,681

Weekly changes + 687 - 687 0 0 0 0 0

Mortgage-backed securities4

Holdings 0 0 0 27 21 1,050,990 1,051,037

Weekly changes 0 0 0 0 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 60 0 0 0 0 0 60

Reverse repurchase agreements6 54,591 0 ... ... ... ... 54,591

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.
H.4.1

3. Supplemental Information on Mortgage-Backed Securities Purchase Program

Millions of dollars

Wednesday

 Nov 3, 2010 Account name

Mortgage-backed securities held outright1 1,051,037

Commitments to buy mortgage-backed securities2 0

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 9 and table 10.

4. Information on Principal Accounts of Maiden Lane LLC

Millions of dollars

Wednesday

 Nov 3, 2010 Account name

Net portfolio holdings of Maiden Lane LLC1 28,509

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2 26,973

Accrued interest payable to the Federal Reserve Bank of New York2 586

Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co.3 1,304

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

 Nov 3, 2010 Account name

Net portfolio holdings of Maiden Lane II LLC1 16,477

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2 13,452

Accrued interest payable to the Federal Reserve Bank of New York2 424

Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc.3 1,066

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.
H.4.1

6. Information on Principal Accounts of Maiden Lane III LLC

Millions of dollars

Wednesday

 Nov 3, 2010 Account name

Net portfolio holdings of Maiden Lane III LLC1 23,596

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2 14,290

Accrued interest payable to the Federal Reserve Bank of New York2 517

Outstanding principal amount and accrued interest on loan payable to American International Group, Inc.3 5,338

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

 Nov 3, 2010 Account name

Asset-backed securities holdings1 0

Other investments, net 622

Net portfolio holdings of TALF LLC 622

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 105

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.
H.4.1

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

 Nov 3, 2010 Account name

Preferred interests in AIA Aurora LLC and ALICO Holdings LLC1 26,057

Accrued dividends on preferred interests in AIA Aurora LLC and ALICO Holdings LLC2 121

Preferred interests in AIA Aurora LLC1 16,676

Accrued dividends on preferred interests in AIA Aurora LLC2 78

Preferred interests in ALICO Holdings LLC1 9,380

Accrued dividends on preferred interests in ALICO Holdings LLC2 44

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.
H.4.1

9. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Eliminations from

consolidation

Wednesday

 Nov 3, 2010

Change since

Wednesday

Oct 27, 2010

Wednesday

 Nov 4, 2009

Assets, liabilities, and capital

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 5,200 0 0

Coin 2,166 - 22 + 78

Securities, repurchase agreements, term auction

credit, and other loans 2,089,899 + 3,769 + 142,824

Securities held outright1 2,042,727 + 4,161 + 344,862

U.S. Treasury securities 842,008 + 4,160 + 65,496

Bills2 18,423 0 0

Notes and bonds, nominal2 774,990 + 4,149 + 67,341

Notes and bonds, inflation-indexed2 42,978 0 - 1,665

Inflation compensation3 5,617 + 11 - 181

Federal agency debt securities2 149,681 0 + 2,722

Mortgage-backed securities4 1,051,037 0 + 276,643

Repurchase agreements5 0 0 0

Term auction credit 0 0 - 139,245

Other loans 47,172 - 392 - 62,794

Net portfolio holdings of Commercial Paper

Funding Facility LLC6 0 0 - 14,480

Net portfolio holdings of Maiden Lane LLC7 28,509 + 40 + 2,188

Net portfolio holdings of Maiden Lane II LLC8 16,477 + 5 + 468

Net portfolio holdings of Maiden Lane III LLC9 23,596 + 64 + 363

Net portfolio holdings of TALF LLC10 622 0 + 622

Preferred interests in AIA Aurora LLC and ALICO

Holdings LLC11 26,057 0 + 26,057

Items in process of collection (90) 312 + 28 - 136

Bank premises 2,221 - 5 - 3

Central bank liquidity swaps12 60 0 - 31,824

Other assets13 97,239 + 1,082 + 9,028

Total assets (90) 2,303,395 + 4,961 + 135,185

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

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

Millions of dollars

Eliminations from

consolidation

Wednesday

 Nov 3, 2010

Change since

Wednesday

Oct 27, 2010

Wednesday

 Nov 4, 2009

Assets, liabilities, and capital

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 927,731 + 5,406 + 50,241

Reverse repurchase agreements14 54,591 - 961 - 6,144

Deposits (0) 1,226,930 - 18,345 + 63,069

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

Other deposits held by depository institutions 982,722 - 27,883 - 82,396

U.S. Treasury, general account 36,018 + 8,789 - 45,558

U.S. Treasury, supplementary financing account 199,960 - 1 + 184,961

Foreign official 2,676 + 975 + 1,240

Other (0) 440 - 225 - 292

Deferred availability cash items (90) 2,484 + 418 - 500

Other liabilities and accrued dividends15 34,877 + 18,975 + 23,100

Total liabilities (90) 2,246,613 + 5,493 + 129,767

Capital accounts

Capital paid in 26,714 - 1 + 1,601

Surplus 25,904 + 6 + 4,489

Other capital accounts 4,163 - 537 - 673

Total capital 56,782 - 531 + 5,418

Note: Components may not sum to totals because of rounding.

1. Includes securities lent to dealers under the overnight and term securities lending facilities; 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.
H.4.1

10. Statement of Condition of Each Federal Reserve Bank, November 3, 2010Millions of dollars

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

Assets, liabilities, and capital

Assets

Gold certificate account 11,037 369 4,038 404 463 846 1,385 887 324 Special drawing rights certificate acct. 5,200 196 1,818 210 237 412 654 424 150 Coin 2,166 68 80 172 163 317 198 330 35 Securities, repurchase agreements,

term auction credit, and otherloans 2,089,899 51,695 880,663 47,719 69,403 232,645 193,302 154,005 52,617 

Securities held outright1 2,042,727 51,695 833,541 47,704 69,403 232,645 193,298 153,994 52,617 

U.S. Treasury securities 842,008 21,308 343,584 19,663 28,608 95,896 79,677 63,476 21,689 

Bills2 18,423 466 7,517 430 626 2,098 1,743 1,389 475 Notes and bonds3 823,586 20,842 336,067 19,233 27,982 93,798 77,934 62,087 21,214 

Federal agency debt securities2 149,681 3,788 61,078 3,495 5,086 17,047 14,164 11,284 3,856 

Mortgage-backed securities4 1,051,037 26,598 428,879 24,545 35,710 119,702 99,457 79,234 27,073 

Repurchase agreements5 0 0 0 0 0 0 0 0 0 Term auction credit 0 0 0 0 0 0 0 0 0 Other loans 47,172 0 47,122 15 0 0 4 11 0 

Net portfolio holdings of Commercial

Paper Funding Facility LLC6 0 0 0 0 0 0 0 0 0 

Net portfolio holdings of Maiden

Lane LLC7 28,509 0 28,509 0 0 0 0 0 0 

Net portfolio holdings of Maiden

Lane II LLC8 16,477 0 16,477 0 0 0 0 0 0 

Net portfolio holdings of Maiden

Lane III LLC9 23,596 0 23,596 0 0 0 0 0 0 

Net portfolio holdings of TALF LLC10 622 0 622 0 0 0 0 0 0 

Preferred interests in AIA Aurora LLC

and ALICO Holdings LLC11 26,057 0 26,057 0 0 0 0 0 0 

Items in process of collection 402 13 0 46 126 8 31 53 18 Bank premises 2,221 128 254 68 141 238 217 209 135 Central bank liquidity swaps12 60 2 17 7 4 17 4 1 1 Other assets13 97,239 2,789 36,560 4,580 4,385 15,484 8,296 5,912 2,088 Interdistrict settlement account 0 + 3,058 + 105,459 + 26,182 - 14,421 - 15,669 - 36,375 - 31,406 - 11,191 - 

Total assets 2,303,485 58,317 1,124,150 79,386 60,502 234,297 167,712 130,416 44,176 

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

10. Statement of Condition of Each Federal Reserve Bank, November 3, 2010 (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 1,128,630 41,090 386,782 45,643 45,922 89,423 143,501 87,386 32,796 

Less: Notes held by F.R. Banks 200,898 4,288 79,671 5,062 7,927 13,788 25,874 12,220 4,364 

Federal Reserve notes, net 927,731 36,802 307,111 40,581 37,995 75,635 117,627 75,165 28,432 

Reverse repurchase agreements14 54,591 1,382 22,276 1,275 1,855 6,217 5,166 4,115 1,406 

Deposits 1,226,930 17,939 747,625 31,330 15,945 138,788 41,005 49,073 13,592 

Term deposits held by depository

institutions 5,113 50 3,573 0 10 63 2 103 28 

Other deposits held by depository

institutions 982,722 17,874 505,209 31,325 15,932 138,587 41,001 48,955 13,562 

U.S. Treasury, general account 36,018 0 36,018 0 0 0 0 0 0 U.S. Treasury, supplementary

financing account 199,960 0 199,960 0 0 0 0 0 0 

Foreign official 2,676 1 2,648 4 3 11 2 1 0 Other 440 14 217 0 0 127 0 14 2 

Deferred availability cash items 2,573 97 0 252 542 111 125 199 70 Other liabilities and accrued

dividends15 34,877 203 31,106 245 266 768 511 421 188 

Total liabilities 2,246,703 56,423 1,108,118 73,682 56,603 221,519 164,435 128,974 43,688 Capital

Capital paid in 26,714 916 7,666 2,831 1,920 5,437 1,552 671 216 Surplus 25,904 946 7,698 2,804 1,911 7,141 1,581 621 239 Other capital 4,163 32 668 69 68 201 145 150 34 

Total liabilities and capital 2,303,485 58,317 1,124,150 79,386 60,502 234,297 167,712 130,416 44,176 

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

10. Statement of Condition of Each Federal Reserve Bank, November 3, 2010 (continued)1. Includes securities lent to dealers under the overnight and term securities lending facilities; 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. Includes the book value of the commercial paper, net of amortized costs and related fees, and other investments held by the Commercial Paper Funding Facilit7. 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 centr

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 o

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 thLoan 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 Y

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 Adispositions, 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 9), 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 9).
H.4.1

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

Millions of dollars

Wednesday

 Nov 3, 2010 Federal Reserve notes and collateral

Federal Reserve notes outstanding 1,128,630

Less: Notes held by F.R. Banks not subject to collateralization 200,898

Federal Reserve notes to be collateralized 927,731

Collateral held against Federal Reserve notes 927,731

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 911,495

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 2,042,727

Less: Face value of securities under reverse repurchase agreements 48,022

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 1,994,705

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 and term securities lending facilities; refer to table 1A.