---

`FEDERAL RESERVE statistical release
H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
                                                                                            December 23, 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 22, 2010
Federal Reserve Banks                                     Dec 22, 2010 Dec 15, 2010 Dec 23, 2009
 
Reserve Bank credit                                        2,388,496   +   14,166   +  171,611    2,410,384
  Securities held outright (1)                             2,142,720   +   13,107   +  302,972    2,163,097
    U.S. Treasury securities                                 986,545   +   25,749   +  209,973    1,007,237
      Bills (2)                                               18,423            0            0       18,423
      Notes and bonds, nominal (2)                           915,315   +   25,488   +  207,666      934,527
      Notes and bonds, inflation-indexed (2)                  46,737   +      231   +    2,094       48,125
      Inflation compensation (3)                               6,070   +       29   +      212        6,162
    Federal agency debt securities (2)                       147,521   -      615   -   11,034      147,460
    Mortgage-backed securities (4)                         1,008,654   -   12,027   +  104,033    1,008,400
  Repurchase agreements (5)                                        0            0            0            0
  Term auction credit                                              0            0   -   75,918            0
  Other loans                                                 45,571   +      355   -   41,509       45,101
    Primary credit                                                28   +        6   -   18,721           54
    Secondary credit                                               0            0   -      960            0
    Seasonal credit                                               28            0   -        9           26
    Credit extended to American International
       Group, Inc., net (6)                                   20,625   +      545   +      340       20,272
    Term Asset-Backed Securities Loan Facility (7)            24,890   -      197   -   22,159       24,750
    Other credit extensions                                        0            0            0            0
  Net portfolio holdings of Commercial Paper
     Funding Facility LLC (8)                                      0            0   -   14,044            0
  Net portfolio holdings of Maiden Lane LLC (9)               26,916   -      509   +      337       26,929
  Net portfolio holdings of Maiden Lane II LLC (10)           16,145   +       22   +      567       16,151
  Net portfolio holdings of Maiden Lane III LLC (11)          23,122   +       23   +      479       23,129
  Net portfolio holdings of TALF LLC (12)                        653   +        6   +      373          665
  Preferred interests in AIA Aurora LLC and ALICO
     Holdings LLC (13)                                        26,057            0   +    1,057       26,057
  Float                                                       -1,594   +      140   -       10       -1,719
  Central bank liquidity swaps (14)                               75   +       15   -   11,997           75
  Other Federal Reserve assets (15)                          108,831   +    1,008   +    9,303      110,899
Gold stock                                                    11,041            0            0       11,041
Special drawing rights certificate account                     5,200            0            0        5,200
Treasury currency outstanding (16)                            43,553   +       14   +      863       43,553

Total factors supplying reserve funds                      2,448,290   +   14,180   +  172,474    2,470,178
 
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 22, 2010
Federal Reserve Banks                                     Dec 22, 2010 Dec 15, 2010 Dec 23, 2009
 
Currency in circulation (16)                                 980,488   +    2,065   +   55,383      983,646
Reverse repurchase agreements (17)                            51,256   +    1,202   -    9,787       51,134
  Foreign official and international accounts                 51,256   +    1,202   -    9,787       51,134
  Others                                                           0            0            0            0
Treasury cash holdings                                           178   -        6   -       51          185
Deposits with F.R. Banks, other than reserve balances        303,516   +   52,472   +  187,987      302,348
  Term deposits held by depository institutions                5,113            0   +    5,113        5,113
  U.S. Treasury, general account                              91,479   +   61,386   -    3,472       89,913
  U.S. Treasury, supplementary financing account             199,961            0   +  184,961      199,961
  Foreign official                                             4,209   +    1,113   +    2,265        4,581
  Service-related                                              2,359   -        2   -      666        2,359
    Required clearing balances                                 2,359   -        2   -      666        2,359
    Adjustments to compensate for float                            0            0            0            0
  Other                                                          395   -   10,025   -      214          421
Funds from American International Group, Inc. asset
   dispositions, held as agent (18)                           26,838   +       64   +   26,838       26,896
Other liabilities and capital (19)                            73,172   -      672   +    5,432       72,590

Total factors, other than reserve balances,
   absorbing reserve funds                                 1,435,449   +   55,126   +  265,803    1,436,799

Reserve balances with Federal Reserve Banks                1,012,841   -   40,946   -   93,329    1,033,379
 
Note: Components may not sum to totals because of rounding.

1. Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.
2. Face value of the securities.
3. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed
   securities.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the
   remaining principal balance of the underlying mortgages.
5. Cash value of agreements.
6. Includes outstanding principal and capitalized interest net of unamortized deferred commitment fees and
   allowance for loan restructuring. Excludes credit extended to consolidated LLCs.
7. Includes credit extended by the Federal Reserve Bank of New York to eligible borrowers through the Term
   Asset-Backed Securities Loan Facility.
8. Includes the book value of the commercial paper, net of amortized costs and related fees, and other
   investments held by the Commercial Paper Funding Facility LLC.
9.  Refer to table 4 and the note on consolidation accompanying table 10.
10. Refer to table 5 and the note on consolidation accompanying table 10.
11. Refer to table 6 and the note on consolidation accompanying table 10.
12. Refer to table 7 and the note on consolidation accompanying table 10.
13. Refer to table 8.
14. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when
    the foreign currency is returned to the foreign central bank. This exchange rate equals the market
    exchange rate used when the foreign currency was acquired from the foreign central bank.
15. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange
    rates, accrued dividends on the Federal Reserve Bank of New York's (FRBNY) preferred interests in AIA
    Aurora LLC and ALICO Holdings LLC, and the fair value adjustment to credit extended by the FRBNY to
    eligible borrowers through the Term Asset-Backed Securities Loan Facility.
16. Estimated.
17. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt
    securities, and mortgage-backed securities.
18. Pending the closing of the recapitalization plan announced by American International Group, Inc. (AIG) on
    September 30, 2010, the cash proceeds from the disposition of certain AIG assets will be held by the
    FRBNY as agent. At the closing of the recapitalization plan, the proceeds will be used first to repay in
    full the credit extended to AIG by the FRBNY under the revolving credit facility and then to retire a
    portion of the FRBNY's preferred interests in AIA Aurora LLC and ALICO Holdings LLC (preferred
    interests). Alternatively, if the recapitalization plan is terminated under the terms of the plan, then
    the proceeds from the initial public offering of AIA and the sale of ALICO will be used to redeem the
    preferred interests in accordance with the AIA Aurora LLC	and ALICO Holdings LLC limited liability
    company agreements, and any excess proceeds from these transactions, as well as proceeds from the
    disposition of other assets, will be used to repay the credit extended to AIG under the revolving credit
    facility.
19. Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to
    entities other than the Federal Reserve Bank of New York, including liabilities that have recourse only
    to the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note on consolidation
    accompanying table 10.

Sources: Federal Reserve Banks and the U.S. Department of the Treasury.

 
1A. Memorandum Items
Millions of dollars
                                                                Averages of daily figures         Wednesday  
                                                           Week ended   Change from week ended   Dec 22, 2010
Memorandum item                                           Dec 22, 2010 Dec 15, 2010 Dec 23, 2009
 
Marketable securities held in custody for foreign
   official and international accounts (1)                 3,351,066   +   14,023   +  393,352    3,357,699
  U.S. Treasury securities                                 2,620,365   +   13,596   +  433,093    2,625,051
  Federal agency securities (2)                              730,701   +      427   -   39,741      732,648
Securities lent to dealers                                     9,961   +      545   +    1,468       11,439
  Overnight facility (3)                                       9,961   +      545   +    1,468       11,439
    U.S. Treasury securities                                   8,756   +      425   +    1,128       10,396
    Federal agency debt securities                             1,205   +      120   +      340        1,043
 
Note: Components may not sum to totals because of rounding.

1. Face value of the securities. Includes U.S. Treasury STRIPS and other zero-coupon bonds at face value and
   mortgage-backed securities at original face value.
2. Includes debt and mortgage-backed securities.
3. Fully collateralized by U.S. Treasury securities.

 
2. Maturity Distribution of Securities, Loans, and Selected Other Assets and Liabilities,  December 22, 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)                               80            0            0       45,021            0           ...       45,101
U.S. Treasury securities (2)
  Holdings                                17,447       17,200       55,979      427,120      332,496       156,994    1,007,237
  Weekly changes                      +    1,442   -    1,442   +        1   +   18,577   +   18,197    +    2,908   +   39,684
Federal agency debt securities (3)
  Holdings                                     0        7,466       35,298       71,752       30,597         2,347      147,460
  Weekly changes                      -      424   +    1,302   -    1,302            0            0             0   -      424
Mortgage-backed securities (4)
  Holdings                                     0            0            0           25           21     1,008,355    1,008,400
  Weekly changes                               0            0            0            0            0    -      445   -      445
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)              75            0            0            0            0             0           75

Reverse repurchase agreements (6)         51,134            0          ...          ...          ...           ...       51,134
Term deposits                              5,113            0            0          ...          ...           ...        5,113
 
Note: Components may not sum to totals because of rounding.
. . . Not applicable.

1. Excludes the loans from the Federal Reserve Bank of New York (FRBNY) to Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III
   LLC, and TALF LLC. The loans were eliminated when preparing the FRBNY's statement of condition consistent with consolidation
   under generally accepted accounting principles.
2. Face value. For inflation-indexed securities, includes the original face value and compensation that adjusts for the effect of
   inflation on the original face value of such securities.
3. Face value.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal
   balance of the underlying mortgages.
5. Face value of asset-backed securities held by TALF LLC, which is the remaining principal balance of the underlying assets.
6. Cash value of agreements.
7. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency
   is returned to the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was
   acquired from the foreign central bank.

 
3. Supplemental Information on Mortgage-Backed Securities Purchase Program
Millions of dollars
                                                                                                                        Wednesday   
Account name                                                                                                           Dec 22, 2010 
 
Mortgage-backed securities held outright (1)                                                                           1,008,400

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 22, 2010 
 
Net portfolio holdings of Maiden Lane LLC (1)                                                                             26,929

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                 25,228
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                         613
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3)                              1,313
 
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 22, 2010 
 
Net portfolio holdings of Maiden Lane II LLC (1)                                                                          16,151

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                 13,034
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                         447
Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc. (3)                    1,070
 
1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to
   be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of
   September 30, 2010. Any assets purchased after this valuation date are initially recorded at cost until their estimated fair
   value as of the purchase date becomes available.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent
   with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 10.
3. Book value. The deferred payment represents the portion of the proceeds of the net portfolio holdings due to subsidiaries of
   American International Group, Inc. in accordance with the asset purchase agreement. The fair value of this payment and accrued
   interest payable are included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table
   9 and table 10.

Note: On December 12, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden Lane II LLC under the
authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to purchase residential
mortgage-backed securities from the U.S. securities lending reinvestment portfolio of subsidiaries of American International Group,
Inc. (AIG subsidiaries). Payments by Maiden Lane II LLC from the proceeds of the net portfolio holdings will be made in the
following order: operating expenses of Maiden Lane II LLC, principal due to the FRBNY, interest due to the FRBNY, and deferred
payment and interest due to AIG subsidiaries. Any remaining funds will be shared by the FRBNY and AIG subsidiaries.

 
6. Information on Principal Accounts of Maiden Lane III LLC
Millions of dollars
                                                                                                                        Wednesday   
Account name                                                                                                           Dec 22, 2010 
 
Net portfolio holdings of Maiden Lane III LLC (1)                                                                         23,129

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                 13,526
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                         541
Outstanding principal amount and accrued interest on loan payable to American International Group, Inc. (3)                5,361
 
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 22, 2010 
 
Asset-backed securities holdings (1)                                                                                           0
Other investments, net                                                                                                       665
Net portfolio holdings of TALF LLC                                                                                           665

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 22, 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)                                        296

Preferred interests in AIA Aurora LLC (1)                                                                                 16,676
Accrued dividends on preferred interests in AIA Aurora LLC (2)                                                               190

Preferred interests in ALICO Holdings LLC (1)                                                                              9,380
Accrued dividends on preferred interests in ALICO Holdings LLC (2)                                                           107
 
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 22, 2010   Wednesday    Wednesday  
Assets, liabilities, and capital                                                      Dec 15, 2010 Dec 23, 2009
 
Assets
  Gold certificate account                                                  11,037             0            0
  Special drawing rights certificate account                                 5,200             0            0
  Coin                                                                       2,148    +        4   +       97
  Securities, repurchase agreements, term auction
     credit, and other loans                                             2,208,198    +   38,164   +  197,415
    Securities held outright (1)                                         2,163,097    +   38,815   +  316,210
      U.S. Treasury securities                                           1,007,237    +   39,684   +  230,661
        Bills (2)                                                           18,423             0            0
        Notes and bonds, nominal (2)                                       934,527    +   37,949   +  226,878
        Notes and bonds, inflation-indexed (2)                              48,125    +    1,619   +    3,482
        Inflation compensation (3)                                           6,162    +      116   +      300
      Federal agency debt securities (2)                                   147,460    -      424   -   12,419
      Mortgage-backed securities (4)                                     1,008,400    -      445   +   97,967
    Repurchase agreements (5)                                                    0             0            0
    Term auction credit                                                          0             0   -   75,918
    Other loans                                                             45,101    -      651   -   42,877
  Net portfolio holdings of Commercial Paper
     Funding Facility LLC (6)                                                    0             0   -   14,055
  Net portfolio holdings of Maiden Lane LLC (7)                             26,929    +       15   +      344
  Net portfolio holdings of Maiden Lane II LLC (8)                          16,151    +        7   +      570
  Net portfolio holdings of Maiden Lane III LLC (9)                         23,129    +        8   +      479
  Net portfolio holdings of TALF LLC (10)                                      665    +       17   +      367
  Preferred interests in AIA Aurora LLC and ALICO
     Holdings LLC (11)                                                      26,057             0   +    1,057
  Items in process of collection                            (132)              497    +      230   +      124
  Bank premises                                                              2,226    +        3   -       19
  Central bank liquidity swaps (12)                                             75    +       15   -   10,197
  Other assets (13)                                                        108,460    +    3,758   +   15,587

Total assets                                                (132)        2,430,772    +   42,222   +  191,769
 
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 22, 2010   Wednesday    Wednesday  
Assets, liabilities, and capital                                                      Dec 15, 2010 Dec 23, 2009
 
Liabilities
  Federal Reserve notes, net of F.R. Bank holdings                         942,422    +    3,986   +   53,637
  Reverse repurchase agreements (14)                                        51,134    +      318   -    9,591
  Deposits                                                    (0)        1,335,513    +   38,181   +  115,144
    Term deposits held by depository institutions                            5,113             0   +    5,113
    Other deposits held by depository institutions                       1,035,524    +   38,472   -   46,996
    U.S. Treasury, general account                                          89,913    -    1,728   -   29,526
    U.S. Treasury, supplementary financing account                         199,961             0   +  184,961
    Foreign official                                                         4,581    +    1,420   +    2,286
    Other                                                     (0)              421    +       18   -      694
  Deferred availability cash items                          (132)            2,217    -       94   -      243
  Other liabilities and accrued dividends (15)                              43,079    +      150   +   28,540

Total liabilities                                           (132)        2,374,365    +   42,542   +  187,487

Capital accounts
  Capital paid in                                                           26,474    -      358   +      831
  Surplus                                                                   25,945    +        6   +    4,472
  Other capital accounts                                                     3,988    +       31   -    1,020

Total capital                                                               56,407    -      321   +    4,283
 
Note: Components may not sum to totals because of rounding.

1. Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.
2. Face value of the securities.
3. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed
   securities.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the
   remaining principal balance of the underlying mortgages.
5. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.
6. Includes the book value of the commercial paper, net of amortized costs and related fees, and other
   investments held by the Commercial Paper Funding Facility LLC.
7. Refer to table 4 and the note on consolidation accompanying table 10.
8. Refer to table 5 and the note on consolidation accompanying table 10.
9.  Refer to table 6 and the note on consolidation accompanying table 10.
10. Refer to table 7 and the note on consolidation accompanying table 10.
11. Refer to table 8.
12. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when
    the foreign currency is returned to the foreign central bank. This exchange rate equals the market exchange
    rate used when the foreign currency was acquired from the foreign central bank.
13. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates,
    accrued dividends on the Federal Reserve Bank of New York's (FRBNY) preferred interests in AIA Aurora LLC
    and ALICO Holdings LLC, and the fair value adjustment to credit extended by the FRBNY to eligible borrowers
    through the Term Asset-Backed Securities Loan Facility.
14. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt
    securities, and mortgage-backed securities.
15. Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to
    entities other than the Federal Reserve Bank of New York, including liabilities that have recourse only to
    the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note on consolidation
    accompanying table 10. Also includes funds from American International Group, Inc. asset dispositions, held
    as agent.


 
10. Statement of Condition of Each Federal Reserve Bank,  December 22, 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                                           2,148          50          70         171         161         347         186         334          34          58         155         233         350
  Securities, repurchase agreements,
     term auction credit, and other
     loans                                   2,208,198      54,741     927,680      50,515      73,493     246,363     204,707     163,070      55,724      29,626      74,212      90,841     237,226
    Securities held outright (1)             2,163,097      54,741     882,658      50,515      73,493     246,353     204,689     163,068      55,718      29,612      74,203      90,829     237,218
      U.S. Treasury securities               1,007,237      25,490     411,006      23,522      34,222     114,713      95,312      75,932      25,945      13,789      34,552      42,294     110,460
        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)                    988,814      25,024     403,488      23,092      33,596     112,615      93,569      74,543      25,470      13,537      33,920      41,521     108,439
      Federal agency debt securities (2)       147,460       3,732      60,171       3,444       5,010      16,794      13,954      11,116       3,798       2,019       5,058       6,192      16,171
      Mortgage-backed securities (4)         1,008,400      25,519     411,481      23,549      34,261     114,846      95,423      76,020      25,975      13,805      34,592      42,343     110,587
    Repurchase agreements (5)                        0           0           0           0           0           0           0           0           0           0           0           0           0
    Term auction credit                              0           0           0           0           0           0           0           0           0           0           0           0           0
    Other loans                                 45,101           0      45,021           0           0          10          18           2           7          14           9          12           8
  Net portfolio holdings of Commercial
     Paper Funding Facility LLC (6)                  0           0           0           0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of Maiden
     Lane LLC (7)                               26,929           0      26,929           0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of Maiden
     Lane II LLC (8)                            16,151           0      16,151           0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of Maiden
     Lane III LLC (9)                           23,129           0      23,129           0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of TALF LLC (10)          665           0         665           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                   629           8           0          62         316           6          49          37          19          47          33          24          29
  Bank premises                                  2,226         127         256          68         141         240         217         209         136         107         265         246         213
  Central bank liquidity swaps (12)                 75           3          22           8           6          21           5           2           1           2           1           1           5
  Other assets (13)                            108,460       3,052      41,435       4,757       4,703      16,523       9,368       6,803       2,377       1,862       3,041       3,830      10,709
  Interdistrict settlement account                   0   +   2,550   + 203,143   +  17,316   -  24,882   -  31,597   -  47,494   -  40,101   -  17,086   -   7,743   -  16,920   -   3,724   -  33,463

Total assets                                 2,430,904      61,096   1,271,391      73,511      54,636     233,161     169,077     131,665      41,679      24,254      61,235      92,385     216,813
 
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 22, 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          1,124,539      41,202     384,338      45,596      46,023      90,219     142,486      86,568      32,411      19,959      33,251      76,192     126,293
    Less: Notes held by F.R. Banks             182,116       4,828      65,759       5,037       7,464      13,134      21,294      12,086       4,317       5,822       3,565      11,796      27,014
      Federal Reserve notes, net               942,422      36,374     318,579      40,559      38,559      77,085     121,192      74,481      28,094      14,138      29,686      64,396      99,279
  Reverse repurchase agreements (14)            51,134       1,294      20,865       1,194       1,737       5,824       4,839       3,855       1,317         700       1,754       2,147       5,608
  Deposits                                   1,335,513      21,256     876,601      25,786       9,741     136,705      39,191      51,307      11,521       7,195      28,964      24,623     102,624
    Term deposits held by depository
       institutions                              5,113          20       1,978         800          15         414          12          17           5           5          14          15       1,818
    Other deposits held by depository
       institutions                          1,035,524      21,231     579,961      24,980       9,723     136,180      39,175      51,273      11,465       7,185      28,948      24,607     100,795
    U.S. Treasury, general account              89,913           0      89,913           0           0           0           0           0           0           0           0           0           0
    U.S. Treasury, supplementary
       financing account                       199,961           0     199,961           0           0           0           0           0           0           0           0           0           0
    Foreign official                             4,581           1       4,552           4           3          11           2           1           0           1           0           1           3
    Other                                          421           3         235           2           1         100           2          16          51           3           1           0           8
  Deferred availability cash items               2,349          77           0         281         445         102         128         165          74         424         124          99         430
  Other liabilities and accrued
     dividends (15)                             43,079         201      39,327         257         275         757         506         411         183         147         182         260         575

Total liabilities                            2,374,498      59,203   1,255,372      68,077      50,758     220,472     165,855     130,219      41,188      22,603      60,710      91,524     208,516

Capital
  Capital paid in                               26,474         917       7,682       2,566       1,923       5,439       1,519         673         216         819         239         402       4,079
  Surplus                                       25,945         946       7,738       2,804       1,911       7,141       1,581         621         238         712         210         353       1,689
  Other capital                                  3,988          30         599          63          45         109         121         152          36         120          77         106       2,529

Total liabilities and capital                2,430,904      61,096   1,271,391      73,511      54,636     233,161     169,077     131,665      41,679      24,254      61,235      92,385     216,813
 
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 22, 2010 (continued)
1. Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.
2. Face value of the securities.
3. Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face value of such securities.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the underlying mortgages.
5. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.
6. Includes the book value of the commercial paper, net of amortized costs and related fees, and other investments held by the Commercial Paper Funding Facility LLC.
7. Refer to table 4 and the note on consolidation below.
8. Refer to table 5 and the note on consolidation below.
9.  Refer to table 6 and the note on consolidation below.
10. Refer to table 7 and the note on consolidation below.
11. Refer to table 8.
12. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals
    the market exchange rate used when the foreign currency was acquired from the foreign central bank.
13. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates, accrued dividends on the Federal Reserve Bank of New York's (FRBNY) preferred interests
    in AIA Aurora LLC and ALICO Holdings LLC, and the fair value adjustment to credit extended by the FRBNY to eligible borrowers through the Term Asset-Backed Securities Loan Facility.
14. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.
15. Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to entities other than the Federal Reserve Bank of New York, including liabilities that have
    recourse only to the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note on consolidation below. Also includes funds from American International Group, Inc. asset
    dispositions, held as agent.


Note on consolidation:

The Federal Reserve Bank of New York (FRBNY) has extended loans to several limited liability companies under the authority of section 13(3) of the Federal Reserve Act. On June 26, 2008, a loan was
extended to Maiden Lane LLC, which was formed to acquire certain assets of Bear Stearns. On November 25, 2008, a loan was extended to Maiden Lane III LLC, which was formed to purchase multi-sector
collateralized debt obligations on which the Financial Products group of the American International Group, Inc. has written credit default swap contracts. On December 12, 2008, a loan was extended to
Maiden Lane II LLC, which was formed to purchase residential mortgage-backed securities from the U.S. securities lending reinvestment portfolio of subsidiaries of American International Group, Inc.
On November 25, 2008, the Federal Reserve Board authorized the FRBNY to extend credit to TALF LLC, which was formed to purchase and manage any asset-backed securities received by the FRBNY in
connection with the decision of a borrower not to repay a loan extended under the Term Asset-Backed Securities Loan Facility.

The FRBNY is the primary beneficiary of TALF LLC, because of the two beneficiaries of the LLC, the FRBNY and the U.S. Treasury, the FRBNY is primarily responsible for directing the financial
activities of TALF LLC. The FRBNY is the primary beneficiary of the other LLCs cited above because it will receive a majority of any residual returns of the LLCs and absorb a majority of any residual
losses of the LLCs. Consistent with generally accepted accounting principles, the assets and liabilities of these LLCs have been consolidated with the assets and liabilities of the FRBNY in the
preparation of the statements of condition shown on this release. As a consequence of the consolidation, the extensions of credit from the FRBNY to the LLCs are eliminated, the net assets of the LLCs
appear as assets on the previous page (and in table 1 and table 9), and the liabilities of the LLCs to entities other than the FRBNY, including those with recourse only to the portfolio holdings of
the LLCs, are included in other liabilities in this table (and table 1 and table 9).

 
11. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts
Millions of dollars
                                                                                            Wednesday   
Federal Reserve notes and collateral                                                       Dec 22, 2010 
 
Federal Reserve notes outstanding                                                          1,124,539
  Less: Notes held by F.R. Banks not subject to collateralization                            182,116
    Federal Reserve notes to be collateralized                                               942,422
Collateral held against Federal Reserve notes                                                942,422
  Gold certificate account                                                                    11,037
  Special drawing rights certificate account                                                   5,200
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   926,186
  Other assets pledged                                                                             0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                     2,163,097
  Less: Face value of securities under reverse repurchase agreements                          45,304
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged      2,117,793
 
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.`

Statistical releases

---

Home Economic research and data  Accessibility Contact Us  Last update: December 23, 2010