---

`For release at
4:30 P.M. EST
December 2, 2010

The weekly average values, shown in table 1, reflect the September 30, 2010, quarterly update
to the fair value adjustment for the Term Asset-Backed Securities Loan Facility, or TALF, 
which is included in "Other Federal Reserve assets."  The amounts for the first six days of 
this reporting week are based on values as of June 30, 2010, and the amount for the last day 
of the reporting week is based on values as of September 30, 2010.

FEDERAL RESERVE statistical release
H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
                                                                                             December 2, 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 1, 2010
Federal Reserve Banks                                      Dec 1, 2010 Nov 24, 2010  Dec 2, 2009
 
Reserve Bank credit                                        2,317,883   +      426   +  130,673    2,329,367
  Securities held outright (1)                             2,077,894   -      460   +  294,133    2,088,282
    U.S. Treasury securities                                 904,899   +   13,381   +  128,360      917,451
      Bills (2)                                               18,423            0            0       18,423
      Notes and bonds, nominal (2)                           835,783   +   11,827   +  128,134      848,332
      Notes and bonds, inflation-indexed (2)                  44,876   +    1,397   +      233       44,876
      Inflation compensation (3)                               5,817   +      157   -        8        5,820
    Federal agency debt securities (2)                       148,178   -      583   -    6,888      148,178
    Mortgage-backed securities (4)                         1,024,817   -   13,258   +  172,661    1,022,653
  Repurchase agreements (5)                                        0            0            0            0
  Term auction credit                                              0            0   -  101,009            0
  Other loans                                                 46,791   +      459   -   55,724       46,850
    Primary credit                                               191   +       33   -   19,627           40
    Secondary credit                                               0            0            0            0
    Seasonal credit                                               27   +        4   -       20           26
    Asset-Backed Commercial Paper Money Market
       Mutual Fund Liquidity Facility                              0            0            0            0
    Credit extended to American International
       Group, Inc., net (6)                                   20,922   +      933   -   17,250       21,326
    Term Asset-Backed Securities Loan Facility (7)            25,651   -      510   -   18,827       25,458
    Other credit extensions                                        0            0            0            0
  Net portfolio holdings of Commercial Paper
     Funding Facility LLC (8)                                      0            0   -   15,041            0
  Net portfolio holdings of Maiden Lane LLC (9)               27,563   +       32   +    1,169       27,601
  Net portfolio holdings of Maiden Lane II LLC (10)           16,304   +       18   +      458       16,337
  Net portfolio holdings of Maiden Lane III LLC (11)          23,346   +        6   +      379       23,352
  Net portfolio holdings of TALF LLC (12)                        647   +        3   +      381          648
  Preferred interests in AIA Aurora LLC and ALICO
     Holdings LLC (13)                                        26,057            0   +   18,914       26,057
  Float                                                       -1,708   -       99   +       35       -1,731
  Central bank liquidity swaps (14)                               60            0   -   23,374           60
  Other Federal Reserve assets (15)                          100,929   +      465   +   10,351      101,911
Gold stock                                                    11,041            0            0       11,041
Special drawing rights certificate account                     5,200            0            0        5,200
Treasury currency outstanding (16)                            43,525   +       14   +      897       43,525

Total factors supplying reserve funds                      2,377,648   +      439   +  131,570    2,389,132
 
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 1, 2010
Federal Reserve Banks                                      Dec 1, 2010 Nov 24, 2010  Dec 2, 2009
 
Currency in circulation (16)                                 978,069   +    3,738   +   55,134      977,632
Reverse repurchase agreements (17)                            54,857   -    2,021   -    3,296       52,862
  Foreign official and international accounts                 54,857   -    2,021   -    3,296       52,862
  Others                                                           0            0            0            0
Treasury cash holdings                                           197   +        4   -       35          195
Deposits with F.R. Banks, other than reserve balances        241,226   +    6,335   +  181,477      251,195
  Term deposits held by depository institutions                    0            0            0            0
  U.S. Treasury, general account                              35,378   +    5,987   -    2,865       45,472
  U.S. Treasury, supplementary financing account             199,959   -        1   +  184,960      199,959
  Foreign official                                             2,984   +      213   +      385        2,954
  Service-related                                              2,365   -        1   -      668        2,365
    Required clearing balances                                 2,365   -        1   -      668        2,365
    Adjustments to compensate for float                            0            0            0            0
  Other                                                          540   +      137   -      334          445
Funds from American International Group, Inc. asset
   dispositions, held as agent (18)                           26,774            0   +   26,774       26,774
Other liabilities and capital (19)                            72,645   -      406   +    7,099       71,954

Total factors, other than reserve balances,
   absorbing reserve funds                                 1,373,768   +    7,650   +  267,153    1,380,612

Reserve balances with Federal Reserve Banks                1,003,880   -    7,211   -  135,583    1,008,520
 
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.

 
1A. Memorandum Items
Millions of dollars
                                                                Averages of daily figures         Wednesday  
                                                           Week ended   Change from week ended    Dec 1, 2010
Memorandum item                                            Dec 1, 2010 Nov 24, 2010  Dec 2, 2009
 
Marketable securities held in custody for foreign
   official and international accounts (1)                 3,340,881   -      536   +  409,381    3,344,585
  U.S. Treasury securities                                 2,607,897   -      414   +  444,387    2,610,787
  Federal agency securities (2)                              732,983   -      123   -   35,008      733,797
Securities lent to dealers                                     8,006   -      465   -    1,229        9,195
  Overnight facility (3)                                       8,006   -      465   -    1,229        9,195
    U.S. Treasury securities                                   6,759   -      741   -      979        7,970
    Federal agency debt securities                             1,247   +      276   -      249        1,225
  Term facility (4)                                                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,   December 1, 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)                               40           26            0       46,784            0           ...       46,850
U.S. Treasury securities (2)
  Holdings                                15,601       20,005       53,561      397,978      278,938       151,368      917,451
  Weekly changes                      -      785   +    2,817   -      948   +   10,759   +    2,197    +    2,173   +   16,213
Federal agency debt securities (3)
  Holdings                                   294        4,635       37,340       72,965       30,597         2,347      148,178
  Weekly changes                      +      294   +      576   -      870            0            0             0            0
Mortgage-backed securities (4)
  Holdings                                     0            0            0           25           20     1,022,607    1,022,653
  Weekly changes                               0            0            0   -        1   -        1    -   15,149   -   15,150
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)         52,862            0          ...          ...          ...           ...       52,862
Term deposits                                  0            0            0          ...          ...           ...            0
 
Note: Components may not sum to totals because of rounding.
. . . Not applicable.

1. Excludes the loans from the Federal Reserve Bank of New York (FRBNY) to Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III
   LLC, and TALF LLC. The loans were eliminated when preparing the FRBNY's statement of condition consistent with consolidation
   under generally accepted accounting principles.
2. Face value. For inflation-indexed securities, includes the original face value and compensation that adjusts for the effect of
   inflation on the original face value of such securities.
3. Face value.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal
   balance of the underlying mortgages.
5. Face value of asset-backed securities held by TALF LLC, which is the remaining principal balance of the underlying assets.
6. Cash value of agreements.
7. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency
   is returned to the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was
   acquired from the foreign central bank.

 
3. Supplemental Information on Mortgage-Backed Securities Purchase Program
Millions of dollars
                                                                                                                        Wednesday   
Account name                                                                                                            Dec 1, 2010 
 
Mortgage-backed securities held outright (1)                                                                           1,022,653

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 1, 2010 
 
Net portfolio holdings of Maiden Lane LLC (1)                                                                             27,601

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                 25,975
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                         602
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3)                              1,309
 
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 1, 2010 
 
Net portfolio holdings of Maiden Lane II LLC (1)                                                                          16,337

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                 13,254
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                         437
Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc. (3)                    1,068
 
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 1, 2010 
 
Net portfolio holdings of Maiden Lane III LLC (1)                                                                         23,352

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                 13,922
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                         531
Outstanding principal amount and accrued interest on loan payable to American International Group, Inc. (3)                5,351
 
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 1, 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 1, 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)                                        221

Preferred interests in AIA Aurora LLC (1)                                                                                 16,676
Accrued dividends on preferred interests in AIA Aurora LLC (2)                                                               142

Preferred interests in ALICO Holdings LLC (1)                                                                              9,380
Accrued dividends on preferred interests in ALICO Holdings LLC (2)                                                            80
 
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 1, 2010   Wednesday    Wednesday  
Assets, liabilities, and capital                                                      Nov 24, 2010  Dec 2, 2009
 
Assets
  Gold certificate account                                                  11,037             0            0
  Special drawing rights certificate account                                 5,200             0            0
  Coin                                                                       2,093    +        2   +       74
  Securities, repurchase agreements, term auction
     credit, and other loans                                             2,135,131    +    1,228   +  165,524
    Securities held outright (1)                                         2,088,282    +    1,063   +  304,502
      U.S. Treasury securities                                             917,451    +   16,213   +  140,908
        Bills (2)                                                           18,423             0            0
        Notes and bonds, nominal (2)                                       848,332    +   16,206   +  140,683
        Notes and bonds, inflation-indexed (2)                              44,876             0   +      233
        Inflation compensation (3)                                           5,820    +        6   -        9
      Federal agency debt securities (2)                                   148,178             0   -    6,888
      Mortgage-backed securities (4)                                     1,022,653    -   15,150   +  170,481
    Repurchase agreements (5)                                                    0             0            0
    Term auction credit                                                          0             0   -  101,009
    Other loans                                                             46,850    +      165   -   37,967
  Net portfolio holdings of Commercial Paper
     Funding Facility LLC (6)                                                    0             0   -   15,032
  Net portfolio holdings of Maiden Lane LLC (7)                             27,601    +       51   +    1,137
  Net portfolio holdings of Maiden Lane II LLC (8)                          16,337    +       46   +      490
  Net portfolio holdings of Maiden Lane III LLC (9)                         23,352    +        8   +      363
  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                             (87)              311    +       68   -      124
  Bank premises                                                              2,215    -       11   -       16
  Central bank liquidity swaps (12)                                             60             0   -   22,978
  Other assets (13)                                                         99,654    -      484   +   11,533

Total assets                                                 (87)        2,349,696    +      908   +  142,410
 
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 1, 2010   Wednesday    Wednesday  
Assets, liabilities, and capital                                                      Nov 24, 2010  Dec 2, 2009
 
Liabilities
  Federal Reserve notes, net of F.R. Bank holdings                         936,391    -      945   +   53,974
  Reverse repurchase agreements (14)                                        52,862    -    1,847   -    4,696
  Deposits                                                    (0)        1,259,673    +    4,407   +   59,776
    Term deposits held by depository institutions                                0             0            0
    Other deposits held by depository institutions                       1,010,843    -   16,989   -  111,167
    U.S. Treasury, general account                                          45,472    +   21,435   -   14,692
    U.S. Treasury, supplementary financing account                         199,959    -        1   +  184,960
    Foreign official                                                         2,954    -       56   +      874
    Other                                                     (0)              445    +       18   -      199
  Deferred availability cash items                           (87)            2,042    -       34   -      519
  Other liabilities and accrued dividends (15)                              42,709    +       71   +   30,538

Total liabilities                                            (87)        2,293,676    +    1,651   +  139,071

Capital accounts
  Capital paid in                                                           26,792             0   +    1,354
  Surplus                                                                   25,910    -       11   +    4,462
  Other capital accounts                                                     3,317    -      733   -    2,478

Total capital                                                               56,019    -      744   +    3,338
 
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.


 
10. Statement of Condition of Each Federal Reserve Bank,   December 1, 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                                           2,093          56          68         169         155         333         179         325          28          57         152         223         347
  Securities, repurchase agreements,
     term auction credit, and other
     loans                                   2,135,131      52,856     898,913      48,797      70,951     237,833     197,609     157,434      53,790      28,598      71,646      87,691     229,014
    Securities held outright (1)             2,088,282      52,847     852,129      48,767      70,951     237,833     197,609     157,428      53,790      28,588      71,637      87,688     229,014
      U.S. Treasury securities                 917,451      23,218     374,368      21,425      31,171     104,488      86,816      69,163      23,632      12,560      31,472      38,524     100,613
        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)                    899,028      22,751     366,851      20,995      30,545     102,390      85,073      67,774      23,157      12,307      30,840      37,751      98,593
      Federal agency debt securities (2)       148,178       3,750      60,464       3,460       5,034      16,876      14,022      11,171       3,817       2,029       5,083       6,222      16,250
      Mortgage-backed securities (4)         1,022,653      25,880     417,297      23,882      34,745     116,469      96,771      77,094      26,342      14,000      35,081      42,942     112,150
    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                                 46,850           9      46,784          29           0           0           0           6           0          10           9           3           0
  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)                               27,601           0      27,601           0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of Maiden
     Lane II LLC (8)                            16,337           0      16,337           0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of Maiden
     Lane III LLC (9)                           23,352           0      23,352           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                   398           8           0          56          78          17          96          42          14           6          24          30          27
  Bank premises                                  2,215         127         250          68         140         239         217         209         135         107         264         246         213
  Central bank liquidity swaps (12)                 60           2          17           7           4          17           4           1           1           2           0           1           4
  Other assets (13)                             99,654       2,828      37,804       4,550       4,402      15,523       8,548       6,151       2,151       1,743       2,743       3,461       9,750
  Interdistrict settlement account                   0   +   4,875   + 141,988   +  23,042   -  18,771   -  24,552   -  39,661   -  34,197   -  13,987   -   4,847   -   9,613   +     346   -  24,624

Total assets                                 2,349,783      61,317   1,178,891      77,303      57,660     230,667     169,031     131,276      42,607      25,960      65,666      92,931     216,475
 
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 1, 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          1,125,590      41,211     385,229      45,572      45,858      89,834     142,437      86,943      32,574      20,087      33,465      76,184     126,197
    Less: Notes held by F.R. Banks             189,199       4,425      73,224       5,042       7,109      12,860      23,066      11,690       4,368       5,741       3,285      11,187      27,202
      Federal Reserve notes, net               936,391      36,786     312,005      40,530      38,748      76,974     119,371      75,253      28,205      14,346      30,180      64,997      98,995
  Reverse repurchase agreements (14)            52,862       1,338      21,570       1,234       1,796       6,020       5,002       3,985       1,362         724       1,813       2,220       5,797
  Deposits                                   1,259,673      21,048     790,539      29,401      12,569     134,210      40,831      50,070      12,319       8,777      32,907      24,534     102,468
    Term deposits held by depository
       institutions                                  0           0           0           0           0           0           0           0           0           0           0           0           0
    Other deposits held by depository
       institutions                          1,010,843      21,023     541,966      29,396      12,566     134,083      40,829      50,053      12,265       8,773      32,905      24,533     102,450
    U.S. Treasury, general account              45,472           0      45,472           0           0           0           0           0           0           0           0           0           0
    U.S. Treasury, supplementary
       financing account                       199,959           0     199,959           0           0           0           0           0           0           0           0           0           0
    Foreign official                             2,954           1       2,925           4           3          11           2           1           0           1           0           1           3
    Other                                          445          24         217           0           0         115           0          17          53           3           1           0          15
  Deferred availability cash items               2,129          76           2         234         423          91         120         159          67         331         106          94         426
  Other liabilities and accrued
     dividends (15)                             42,709         195      39,029         253         266         758         491         403         183         140         179         248         564

Total liabilities                            2,293,763      59,443   1,163,145      71,652      53,803     218,053     165,815     129,871      42,136      24,318      65,185      92,092     208,250

Capital
  Capital paid in                               26,792         916       7,676       2,863       1,928       5,439       1,556         671         214         819         227         402       4,080
  Surplus                                       25,910         946       7,721       2,787       1,911       7,141       1,581         621         238         712         210         353       1,689
  Other capital                                  3,317          11         349           0          18          33          78         113          19         111          44          84       2,457

Total liabilities and capital                2,349,783      61,317   1,178,891      77,303      57,660     230,667     169,031     131,276      42,607      25,960      65,666      92,931     216,475
 
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 1, 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 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 1, 2010 
 
Federal Reserve notes outstanding                                                          1,125,590
  Less: Notes held by F.R. Banks not subject to collateralization                            189,199
    Federal Reserve notes to be collateralized                                               936,391
Collateral held against Federal Reserve notes                                                936,391
  Gold certificate account                                                                    11,037
  Special drawing rights certificate account                                                   5,200
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   920,154
  Other assets pledged                                                                             0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                     2,088,282
  Less: Face value of securities under reverse repurchase agreements                          46,509
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged      2,041,773
 
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.`

Statistical releases

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