FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and

Condition Statement of Federal Reserve Banks October 13, 2011

1. Factors Affecting Reserve Balances of Depository Institutions

Millions of dollars

Averages of daily figures Wednesday

Oct 12, 2011 Week ended

Oct 12, 2011

Change from week ended

 Oct 5, 2011 Oct 13, 2010

Reserve Bank credit, related items, and

reserve balances of depository institutions at

Federal Reserve Banks

Reserve Bank credit 2,839,886 + 4,212 + 546,692 2,843,003

Securities held outright1 2,645,797 + 604 + 592,551 2,647,918

U.S. Treasury securities 1,666,645 + 604 + 845,494 1,668,766

Bills2 18,423 0 0 18,423

Notes and bonds, nominal2 1,569,323 - 1,083 + 814,422 1,571,429

Notes and bonds, inflation-indexed2 68,966 + 1,418 + 26,648 68,966

Inflation compensation3 9,934 + 269 + 4,425 9,949

Federal agency debt securities2 108,268 0 - 45,288 108,268

Mortgage-backed securities4 870,883 0 - 207,656 870,883

Repurchase agreements5 0 0 0 0

Loans 11,374 - 32 - 37,747 11,393

Primary credit 38 + 12 + 23 70

Secondary credit 1 + 1 + 1 5

Seasonal credit 61 - 15 + 6 56

Credit extended to American International

Group, Inc., net6 0 0 - 19,796 0

Term Asset-Backed Securities Loan Facility7 11,273 - 30 - 17,982 11,262

Other credit extensions 0 0 0 0

Net portfolio holdings of Maiden Lane LLC8 15,487 + 1 - 13,024 15,495

Net portfolio holdings of Maiden Lane II LLC9 9,853 - 104 - 5,821 9,855

Net portfolio holdings of Maiden Lane III LLC10 21,243 + 62 - 1,546 21,294

Net portfolio holdings of TALF LLC11 785 0 + 184 785

Preferred interests in AIA Aurora LLC and ALICO

Holdings LLC6 0 0 - 26,057 0

Float -1,164 - 113 + 567 -1,978

Central bank liquidity swaps12 500 0 + 440 500

Other Federal Reserve assets13 136,013 + 3,796 + 37,147 137,741

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding14 44,149 + 14 + 712 44,149

Total factors supplying reserve funds 2,900,276 + 4,226 + 547,404 2,903,392

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

Oct 12, 2011 Week ended

Oct 12, 2011

Change from week ended

 Oct 5, 2011 Oct 13, 2010

Reserve Bank credit, related items, and

reserve balances of depository institutions at

Federal Reserve Banks

Currency in circulation14 1,045,001 + 6,035 + 82,897 1,045,077

Reverse repurchase agreements15 76,850 - 7,247 + 15,129 73,484

Foreign official and international accounts 76,850 - 7,247 + 15,129 73,484

Others 0 0 0 0

Treasury cash holdings 132 + 7 - 93 142

Deposits with F.R. Banks, other than reserve balances 82,113 - 15,424 - 151,503 80,544

Term deposits held by depository institutions 5,077 0 - 36 5,077

U.S. Treasury, General Account 21,906 - 21,749 - 874 17,681

U.S. Treasury, Supplementary Financing Account 0 0 - 199,962 0

Foreign official 127 - 1,443 - 1,268 126

Service-related 2,512 - 2 + 112 2,512

Required clearing balances 2,512 - 2 + 112 2,512

Adjustments to compensate for float 0 0 0 0

Other 52,491 + 7,769 + 50,526 55,148

Funds from American International Group, Inc. asset

dispositions, held as agent6 0 0 0 0

Other liabilities and capital16 71,576 + 641 - 1,421 71,284

Total factors, other than reserve balances,

absorbing reserve funds 1,275,672 - 15,988 - 54,990 1,270,531

Reserve balances with Federal Reserve Banks 1,624,604 + 20,214 + 602,394 1,632,861

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

1. Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.

2. Face value of the securities.

3. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed securities.

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

the underlying mortgages.

5. Cash value of agreements.

6. As a result of the closing of the American International Group, Inc. (AIG) recapitalization plan on January 14, 2011, the credit extended to AIG

was fully repaid and the Federal Reserve’s commitment to lend any further funds was terminated. In addition, the Federal Reserve Bank of

New York (FRBNY) has been paid in full for its preferred interests in AIA Aurora LLC and ALICO Holdings LLC. The funds from AIG asset

dispositions that FRBNY held as agent were the source of repayment of the credit extended to AIG, as well as a portion of the

FRBNY’s preferred interests in ALICO Holdings LLC. The remaining FRBNY preferred interests in ALICO Holdings LLC and AIA Aurora

LLC, valued at approximately $20 billion, were purchased by AIG through a draw on the Treasury’s Series F preferred stock commitment

and then transferred by AIG to the Treasury as consideration for the draw on the available Series F funds.

7. Includes credit extended by the Federal Reserve Bank of New York to eligible borrowers through the Term Asset-Backed Securities Loan Facility.

8. Refer to table 4 and the note on consolidation accompanying table 9.

9. Refer to table 5 and the note on consolidation accompanying table 9.

10.Refer to table 6 and the note on consolidation accompanying table 9.

11.Refer to table 7 and the note on consolidation accompanying table 9.

12.Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned

to the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the

foreign central bank.

13.Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates, and the fair value adjustment

to credit extended by the FRBNY to eligible borrowers through the Term Asset-Backed Securities Loan Facility. Before the closing of the

AIG recapitalization plan on January 14, 2011, included accrued dividends on the FRBNY’s preferred interests in AIA Aurora LLC and ALICO

Holdings LLC.

14.Estimated.

15.Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.

16.Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to entities other than the Federal Reserve

Bank of New York, including liabilities that have recourse only to the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note

on consolidation accompanying table 9. Also includes the liability for interest on Federal Reserve notes due to U.S. Treasury. Refer to table 8

and table 9.

Sources: Federal Reserve Banks and the U.S. Department of the Treasury.
H.4.1

1A. Memorandum Items

Millions of dollars

Averages of daily figures Wednesday

Oct 12, 2011 Week ended

Oct 12, 2011

Change from week ended

 Oct 5, 2011 Oct 13, 2010

Memorandum item

Marketable securities held in custody for foreign

official and international accounts1 3,403,651 - 20,971 + 136,606 3,402,075

U.S. Treasury securities 2,680,422 - 20,520 + 162,533 2,678,963

Federal agency securities2 723,229 - 451 - 25,927 723,112

Securities lent to dealers 9,791 - 4,825 + 2,292 10,829

Overnight facility3 9,791 - 4,825 + 2,292 10,829

U.S. Treasury securities 8,640 - 5,046 + 2,835 9,600

Federal agency debt securities 1,152 + 222 - 542 1,229

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, October 12, 2011

Millions of dollars

Within 15

days

16 days to

90 days

91 days to

1 year

Over 1 year

to 5 years

Over 5 years

to 10 years

Over 10

years

Remaining maturity All

Loans1 83 47 4,226 7,036 0 ... 11,393

U.S. Treasury securities2

Holdings 12,138 26,430 121,847 717,664 583,824 206,864 1,668,766

Weekly changes - 2,503 + 2,504 - 8,865 + 9 + 25 + 5,814 - 3,018

Federal agency debt securities3

Holdings 600 5,267 19,655 62,254 18,145 2,347 108,268

Weekly changes 0 + 1,593 - 934 - 659 0 0 0

Mortgage-backed securities4

Holdings 0 0 0 13 22 870,848 870,883

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 500 0 0 0 0 0 500

Reverse repurchase agreements6 73,484 0 ... ... ... ... 73,484

Term deposits 5,077 0 0 ... ... ... 5,077

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

. . . Not applicable.

1. Excludes the loans from the Federal Reserve Bank of New York (FRBNY) to Maiden Lane LLC, Maiden Lane II LLC, Maiden

Lane III LLC, and TALF LLC. The loans were eliminated when preparing the FRBNY’s statement of condition consistent with consolidation

under generally accepted accounting principles.

2. Face value. For inflation-indexed securities, includes the original face value and compensation that adjusts for the effect of inflation on the

original face value of such securities.

3. Face value.

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

underlying mortgages.

5. Face value of asset-backed securities held by TALF LLC, which is the remaining principal balance of the underlying assets.

6. Cash value of agreements.

7. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to

the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the foreign

central bank.
H.4.1

3. Supplemental Information on Mortgage-Backed Securities

Millions of dollars

Wednesday

Oct 12, 2011 Account name

Mortgage-backed securities held outright1 870,883

Commitments to buy mortgage-backed securities2 9,150

Commitments to sell mortgage-backed securities2 0

Cash and cash equivalents3 0

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

underlying mortgages.

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

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

4. Information on Principal Accounts of Maiden Lane LLC

Millions of dollars

Wednesday

Oct 12, 2011 Account name

Net portfolio holdings of Maiden Lane LLC1 15,495

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2 12,212

Accrued interest payable to the Federal Reserve Bank of New York2 741

Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co.3 1,369

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

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

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

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

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

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

table 8 and table 9.

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

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

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

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

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

FRBNY.

5. Information on Principal Accounts of Maiden Lane II LLC

Millions of dollars

Wednesday

Oct 12, 2011 Account name

Net portfolio holdings of Maiden Lane II LLC1 9,855

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2 6,507

Accrued interest payable to the Federal Reserve Bank of New York2 550

Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc.3 1,098

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

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

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

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

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

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

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

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

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

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

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

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

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

FRBNY and AIG subsidiaries.
H.4.1

6. Information on Principal Accounts of Maiden Lane III LLC

Millions of dollars

Wednesday

Oct 12, 2011 Account name

Net portfolio holdings of Maiden Lane III LLC1 21,294

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2 10,221

Accrued interest payable to the Federal Reserve Bank of New York2 664

Outstanding principal amount and accrued interest on loan payable to American International Group, Inc.3 5,502

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

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

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

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

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

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

table 8 and table 9.

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

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

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

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

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

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

AIG.

7. Information on Principal Accounts of TALF LLC

Millions of dollars

Wednesday

Oct 12, 2011 Account name

Asset-backed securities holdings1 0

Other investments, net 785

Net portfolio holdings of TALF LLC 785

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

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

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

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

market on the measurement date.

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

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

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

and table 9.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

8. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Eliminations from

consolidation

Wednesday

Oct 12, 2011

Change since

Wednesday

 Oct 5, 2011

Wednesday

Oct 13, 2010

Assets, liabilities, and capital

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 5,200 0 0

Coin 2,255 - 2 + 149

Securities, repurchase agreements, and loans 2,659,311 - 3,021 + 558,096

Securities held outright1 2,647,918 - 3,018 + 596,041

U.S. Treasury securities 1,668,766 - 3,018 + 847,610

Bills2 18,423 0 0

Notes and bonds, nominal2 1,571,429 - 4,648 + 816,528

Notes and bonds, inflation-indexed2 68,966 + 1,369 + 26,648

Inflation compensation3 9,949 + 261 + 4,435

Federal agency debt securities2 108,268 0 - 43,914

Mortgage-backed securities4 870,883 0 - 207,656

Repurchase agreements5 0 0 0

Loans 11,393 - 3 - 37,945

Net portfolio holdings of Maiden Lane LLC6 15,495 + 10 - 13,024

Net portfolio holdings of Maiden Lane II LLC7 9,855 + 3 - 5,821

Net portfolio holdings of Maiden Lane III LLC8 21,294 + 59 - 1,540

Net portfolio holdings of TALF LLC9 785 0 + 184

Preferred interests in AIA Aurora LLC and ALICO

Holdings LLC10 0 0 - 26,057

Items in process of collection (137) 282 + 19 - 171

Bank premises 2,182 + 1 - 42

Central bank liquidity swaps11 500 0 + 440

Other assets12 135,574 + 3,869 + 38,536

Total assets (137) 2,863,770 + 938 + 550,751

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

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

Millions of dollars

Eliminations from

consolidation

Wednesday

Oct 12, 2011

Change since

Wednesday

 Oct 5, 2011

Wednesday

Oct 13, 2010

Assets, liabilities, and capital

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 1,003,322 + 2,654 + 80,742

Reverse repurchase agreements13 73,484 - 9,344 + 13,511

Deposits (0) 1,713,420 + 6,055 + 458,190

Term deposits held by depository institutions 5,077 0 - 36

Other deposits held by depository institutions 1,635,388 + 8,791 + 606,617

U.S. Treasury, General Account 17,681 - 13,942 + 2,044

U.S. Treasury, Supplementary Financing Account 0 0 - 199,962

Foreign official 126 - 93 - 1,089

Other (0) 55,148 + 11,298 + 50,617

Deferred availability cash items (137) 2,260 + 743 - 1,070

Other liabilities and accrued dividends14 19,247 + 827 + 4,226

Total liabilities (137) 2,811,733 + 934 + 555,599

Capital accounts

Capital paid in 26,019 + 3 - 676

Surplus 26,019 + 3 + 133

Other capital accounts 0 0 - 4,303

Total capital 52,037 + 4 - 4,847

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

1. Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.

2. Face value of the securities.

3. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed securities.

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

underlying mortgages.

5. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.

6. Refer to table 4 and the note on consolidation accompanying table 9.

7. Refer to table 5 and the note on consolidation accompanying table 9.

8. Refer to table 6 and the note on consolidation accompanying table 9.

9. Refer to table 7 and the note on consolidation accompanying table 9.

10.As a result of the closing of the AIG recapitalization plan on January 14, 2011, the Federal Reserve Bank of New York has been paid in full

for its	preferred interests in AIA Aurora LLC and ALICO Holdings LLC. A portion of the preferred interests was redeemed by AIG with the funds

from AIG asset dispositions that were held as agent by the Federal Reserve.

11.Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to

the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the foreign

central bank.

12.Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates and the fair value adjustment to

credit extended by the Federal Reserve Bank of New York (FRBNY) to eligible borrowers through the Term Asset-Backed Securities Loan Facility.

Before the closing of the AIG recapitalization plan on January 14, 2011, included accrued dividends on the FRBNY’s preferred interests in AIA

Aurora LLC and ALICO Holdings LLC.

13.Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.

14.Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to entities other than the Federal

Reserve Bank of New York, including liabilities that have recourse only to the portfolio holdings of these LLCs. Refer to table 4 through table 7 and

the note on consolidation accompanying table 9. Also includes the liability for interest on Federal Reserve notes due to U.S. Treasury. Before the

closing of the AIG recapitalization plan on January 14, 2011, included funds from American International Group, Inc. asset dispositions, held as agent.
H.4.1

9. Statement of Condition of Each Federal Reserve Bank, October 12, 2011Millions of dollars

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

Assets, liabilities, and capital

Assets

Gold certificate account 11,037 390 3,866 432 450 872 1,394 854 319 Special drawing rights certificate acct. 5,200 196 1,818 210 237 412 654 424 150 Coin 2,255 54 82 163 163 385 207 336 33 Securities, repurchase agreements,

and loans 2,659,311 65,103 1,242,663 90,708 71,526 305,808 196,858 157,297 50,122 

Securities held outright1 2,647,918 65,103 1,231,395 90,707 71,526 305,808 196,853 157,248 50,117 

U.S. Treasury securities 1,668,766 41,029 776,048 57,165 45,077 192,726 124,060 99,100 31,585 

Bills2 18,423 453 8,567 631 498 2,128 1,370 1,094 349 Notes and bonds3 1,650,344 40,576 767,481 56,534 44,579 190,598 122,691 98,006 31,236 

Federal agency debt securities2 108,268 2,662 50,349 3,709 2,925 12,504 8,049 6,430 2,049 

Mortgage-backed securities4 870,883 21,412 404,998 29,833 23,524 100,578 64,744 51,718 16,483 

Repurchase agreements5 0 0 0 0 0 0 0 0 0 Loans 11,393 0 11,267 1 0 0 5 49 5 

Net portfolio holdings of Maiden

Lane LLC6 15,495 0 15,495 0 0 0 0 0 0 

Net portfolio holdings of Maiden

Lane II LLC7 9,855 0 9,855 0 0 0 0 0 0 

Net portfolio holdings of Maiden

Lane III LLC8 21,294 0 21,294 0 0 0 0 0 0 

Net portfolio holdings of TALF LLC9 785 0 785 0 0 0 0 0 0 

Preferred interests in AIA Aurora LLC

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

Items in process of collection 419 25 0 58 97 8 37 38 8 Bank premises 2,182 123 256 67 126 234 214 205 134 Central bank liquidity swaps11 500 17 145 48 37 103 29 13 4 Other assets12 135,574 3,626 58,132 6,336 4,938 18,130 9,654 7,125 2,308 Interdistrict settlement account 0 + 5,965 + 281,009 - 14,906 - 1,148 - 134,132 - 37,024 - 21,191 - 8,744 - 

Total assets 2,863,907 75,499 1,635,398 83,117 76,426 191,820 172,022 145,101 44,335 

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

9. Statement of Condition of Each Federal Reserve Bank, October 12, 2011 (continued)Millions of dollars

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

Assets, liabilities, and capital

Liabilities

Federal Reserve notes outstanding 1,169,759 43,154 388,894 46,557 54,858 95,488 146,246 90,508 33,919 

Less: Notes held by F.R. Banks 166,437 5,502 44,990 6,761 8,693 11,688 26,484 13,029 4,409 

Federal Reserve notes, net 1,003,322 37,652 343,904 39,797 46,165 83,800 119,762 77,479 29,510 

Reverse repurchase agreements13 73,484 1,807 34,173 2,517 1,985 8,487 5,463 4,364 1,391 

Deposits 1,713,420 33,782 1,227,134 35,236 23,702 87,351 43,163 61,107 12,679 

Term deposits held by depository

institutions 5,077 20 1,270 605 0 2,015 0 555 0 

Other deposits held by depository

institutions 1,635,388 33,740 1,153,189 34,627 23,698 85,139 43,161 60,522 12,675 

U.S. Treasury, General Account 17,681 0 17,681 0 0 0 0 0 0 U.S. Treasury, Supplementary

Financing Account 0 0 0 0 0 0 0 0 0 

Foreign official 126 1 98 4 3 8 2 1 0 Other 55,148 21 54,897 0 1 189 0 29 4 

Deferred availability cash items 2,397 126 0 399 273 72 128 151 99 Interest on Federal Reserve notes due

to U.S. Treasury14 2,125 61 964 93 69 266 143 114 34 

Other liabilities and accrued

dividends15 17,122 187 13,626 260 267 722 430 364 171 

Total liabilities 2,811,870 73,614 1,619,800 78,302 72,461 180,696 169,088 143,579 43,884 Capital

Capital paid in 26,019 943 7,799 2,407 1,982 5,562 1,467 761 225 Surplus 26,019 943 7,799 2,407 1,982 5,562 1,467 761 225 Other capital 0 0 0 0 0 0 0 0 0 

Total liabilities and capital 2,863,907 75,499 1,635,398 83,117 76,426 191,820 172,022 145,101 44,335 

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

9. Statement of Condition of Each Federal Reserve Bank, October 12, 2011 (continued)1. Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.2. Face value of the securities.3. Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face value of such securitie4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the underlying mort5. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.6. Refer to table 4 and the note on consolidation below.7. Refer to table 5 and the note on consolidation below.8. Refer to table 6 and the note on consolidation below.9. Refer to table 7 and the note on consolidation below.10.As a result of the closing of the AIG recapitalization plan on January 14, 2011, the Federal Reserve Bank of New York has been paid in full for its preferred inte

Holdings LLC. A portion of the preferred interests was redeemed by AIG with the funds from AIG asset dispositions that were held as agent by the Federal Res

11.Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign centr

equals the market exchange rate used when the foreign currency was acquired from the foreign central bank.

12.Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates and the fair value adjustment to credit extended by 

of New York (FRBNY) to eligible	borrowers through the Term Asset-Backed Securities Loan Facility. Before the closing of the AIG recapitalization plan on Janudividends on the FRBNY’s preferred interests in AIA Aurora LLC and ALICO Holdings LLC.

13.Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.14.Represents the estimated weekly remittances to U.S Treasury as interest on Federal Reserve notes or, in those cases where the Reserve Bank’s net earnings 

to capital paid-in, the deferred asset for interest on Federal Reserve notes. The amount of any deferred asset, which is presented as a negative amount in this Federal Reserve Bank’s earnings that must be retained before remittances to the U.S. Treasury resume. The amounts on this line are calculated in accordance which requires the Federal Reserve Banks to remit residual earnings to the U.S. Treasury as interest on Federal Reserve notes after providing for the costs of and the amount necessary to equate surplus with capital paid-in.

15.Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to entities other than the Federal Reserve Bank of New Y

recourse only to the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note on consolidation below. Before the closing of the AIG recapitincluded funds from American International Group, Inc. asset dispositions, held as agent.

Note on consolidation:The Federal Reserve Bank of New York (FRBNY) has extended loans to several limited liability companies under the authority of section 13(3) of the Federal Resewas extended to Maiden Lane LLC, which was formed to acquire certain assets of Bear Stearns. On November 25, 2008, a loan was extended to Maiden Lane III multi-sector collateralized debt obligations on which the Financial Products group of the American International Group, Inc. has written credit default swap contractwas extended to Maiden Lane II LLC, which was formed to purchase residential mortgage-backed securities from the U.S. securities lending reinvestment portfolio International Group, Inc. On November 25, 2008, the Federal Reserve Board authorized the FRBNY to extend credit to TALF LLC, which was formed to purchase securities received by the FRBNY in connection with the decision of a borrower not to repay a loan extended under the Term Asset-Backed Securities Loan FacilitThe FRBNY is the primary beneficiary of TALF LLC, because of the two beneficiaries of the LLC, the FRBNY and the U.S. Treasury, the FRBNY is primarily respoTALF LLC. The FRBNY is the primary beneficiary of the other LLCs cited above because it will receive a majority of any residual returns of the LLCs and absorb a Consistent with generally accepted accounting principles, the assets and liabilities of these LLCs have been consolidated with the assets and liabilities of the FRBNcondition shown on this release. As a consequence of the consolidation, the extensions of credit from the FRBNY to the LLCs are eliminated, the net assets of the (and in table 1 and table 8), and the liabilities of the LLCs to entities other than the FRBNY, including those with recourse only to the portfolio holdings of the LLCsin this table (and table 1 and table 8).
H.4.1

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

Millions of dollars

Wednesday

Oct 12, 2011 Federal Reserve notes and collateral

Federal Reserve notes outstanding 1,169,759

Less: Notes held by F.R. Banks not subject to collateralization 166,437

Federal Reserve notes to be collateralized 1,003,322

Collateral held against Federal Reserve notes 1,003,322

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 987,085

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 2,647,918

Less: Face value of securities under reverse repurchase agreements 64,774

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 2,583,143

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.