---

`For release at
4:30 p.m. EDT
December 3, 2009

The Board's H.4.1 statistical release, "Factors Affecting Reserve Balances of
Depository Institutions and Condition Statement of Federal Reserve Banks," has
been modified to include information related to the Federal Reserve Bank of New
York's (FRBNY) preferred interests in AIA Aurora LLC and ALICO Holdings LLC.
This information is presented in table 1, in a new table 9, "Supplemental
Information on the Federal Reserve Bank of New York's Preferred Interests in AIA
Aurora LLC and ALICO Holdings LLC," in table 10, and in table 11. 

In conjunction with the restructuring of the government's assistance to American
International Group (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. 

The FRBNY's combined preferred interests in AIA Aurora LLC and ALICO Holdings
LLC are presented in table 1, in table 10, and in table 11.  Supplemental
information on the FRBNY's preferred interests in the two LLCs is presented in
table 9.  This table presents the FRBNY's preferred interests in the two LLCs
and the accrued dividends on those preferred interests.


FEDERAL RESERVE statistical release

H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
                                                                                           December 3, 2009
1. Factors Affecting Reserve Balances of Depository Institutions
Millions of dollars
Reserve Bank credit, related items, and                            Averages of daily figures
reserve balances of depository institutions at            Week ended   Change from week ended     Wednesday
Federal Reserve Banks                                     Dec 2, 2009 Nov 25, 2009  Dec 3, 2008  Dec 2, 2009

Reserve Bank credit                                       2,187,072   -    2,759   +   69,485    2,186,478
  Securities held outright (1)                            1,783,761   -    1,268   +1,295,316    1,783,780       
    U.S. Treasury securities                                776,539   +        7   +  300,150      776,543
      Bills (2)                                              18,423            0            0       18,423
      Notes and bonds, nominal (2)                          707,649            0   +  297,158      707,649
      Notes and bonds, inflation-indexed (2)                 44,643            0   +    3,572       44,643
      Inflation compensation (3)                              5,825   +        7   -      578        5,829
    Federal agency debt securities (2)                      155,066   +    1,441   +  143,009      155,066
    Mortgage-backed securities (4)                          852,156   -    2,716   +  852,156      852,172
  Repurchase agreements (5)                                       0            0   -   80,000            0
  Term auction credit                                       101,009            0   -  305,499      101,009  
  Other loans                                               102,515   -    5,969   -  153,058       84,817
    Primary credit                                           19,818   -      114   -   70,515       19,681
    Secondary credit                                              0            0   -      158            0
    Seasonal credit                                              47   -       22   +       43           33
    Primary dealer and other broker-dealer credit (6)             0            0   -   57,198            0
    Asset-Backed Commercial Paper Money Market
      Mutual Fund Liquidity Facility                              0            0   -   51,936            0
    Credit extended to American International
      Group, Inc., net (7)                                   38,172   -    6,771   -   17,772       20,660
    Term Asset-Backed Securities Loan Facility, net (8)      44,478   +      939   +   44,478       44,443
    Other credit extensions                                       0            0            0            0
  Net portfolio holdings of Commercial Paper 
    Funding Facility LLC (9)                                 15,041   -        1   -  282,535       15,032
  Net portfolio holdings of Maiden Lane LLC (10)             26,394   +       44   -      600       26,464
  Net portfolio holdings of Maiden Lane II LLC (11)          15,846   +       69   +   15,846       15,847
  Net portfolio holdings of Maiden Lane III LLC (12)         22,967   +       15   +    1,814       22,989
  Net portfolio holdings of TALF LLC (13)                       266            0   +      266          266
  Preferred interests in AIA Aurora LLC and ALICO
    Holdings LLC (14)                                         7,143   +    7,143   +    7,143       25,000
  Float                                                      -1,743   -      143   -      769       -2,126
  Central bank liquidity swaps (15)                          23,434   -    2,377   -  478,901       23,038
  Other Federal Reserve assets (16)                          90,440   -      270   +   50,465       90,361
Gold stock                                                   11,041            0            0       11,041
Special drawing rights certificate account                    5,200            0   +    3,000        5,200
Treasury currency outstanding (17)                           42,633   +       14   +    3,959       42,628
       
Total factors supplying reserve funds                     2,245,947   -    2,744   +   76,445    2,245,347

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
reserve balances of depository institutions at            Week ended   Change from week ended     Wednesday
Federal Reserve Banks                                     Dec 2, 2009 Nov 25, 2009  Dec 3, 2008  Dec 2, 2009

Currency in circulation (17)                                922,940   +    3,008   +   50,527      922,801
Reverse repurchase agreements (18)                           58,153   +       28   -   38,572       57,558
  Foreign official and international accounts                58,153   +       28   -   13,572       57,558
  Dealers                                                         0            0   -   25,000            0
Treasury cash holdings                                          232   -        1   -        9          228
Deposits with F.R. Banks, other than reserve balances        59,749   +   10,864   -  453,146       80,921       
  U.S. Treasury, general account                             38,243   +   12,339   -   22,806       60,164
  U.S. Treasury, supplementary financing account             14,999            0   -  425,529       14,999
  Foreign official                                            2,599   -      564   +    2,409        2,080
  Service-related                                             3,033   -        4   -    1,926        3,033
    Required clearing balances                                3,033   -        4   -    1,923        3,033
    Adjustments to compensate for float                           0            0   -        3            0
  Other                                                         874   -      908   -    5,294          644
Other liabilities and capital (19)                           65,546   +      138   +   12,232       64,851

Total factors, other than reserve balances,                                        
   absorbing reserve funds                                1,106,620   +   14,037   -  428,968    1,126,360

Reserve balances with Federal Reserve Banks               1,139,326   -   16,782   +  505,413    1,118,987
                                                                
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 credit extended through the Primary Dealer Credit Facility and credit extended to certain
   other broker-dealers.
7. Includes outstanding principal and capitalized interest net of unamortized deferred commitment fees and 
   allowance for loan restructuring.  Excludes credit extended to consolidated LLCs.
8. Includes credit extended by the Federal Reserve Bank of New York to eligible borrowers through the Term 
   Asset-Backed Securities Loan Facility, net of unamortized deferred administrative fees.
9. Refer to table 7 and the note on consolidation accompanying table 11.
10. Refer to table 4 and the note on consolidation accompanying table 11.
11. Refer to table 5 and the note on consolidation accompanying table 11.
12. Refer to table 6 and the note on consolidation accompanying table 11.
13. Refer to table 8 and the note on consolidation accompanying table 11.
14. Refer to table 9.
15. 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.
16. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates,
    and accrued dividends on the Federal Reserve Bank of New York's preferred interests in AIA Aurora LLC and 
    ALICO Holdings LLC.
17. Estimated.
18. Cash value of agreements, which are collateralized by U.S. Treasury securities and federal agency debt 
    securities.
19. Includes the liabilities of Commercial Paper Funding Facility LLC, 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 8 and the note on consolidation accompanying table 11.

Sources: Federal Reserve Banks and the U.S. Department of the Treasury.


1A. Memorandum Items 
Millions of dollars
                                                                   Averages of daily figures
Memorandum item                                           Week ended   Change from week ended     Wednesday
                                                          Dec 2, 2009 Nov 25, 2009  Dec 3, 2008  Dec 2, 2009

Marketable securities held in custody for foreign
      official and international accounts (1)             2,931,500   +    6,199   +  436,702    2,942,149
  U.S. Treasury securities                                2,163,510   +    5,145   +  536,800    2,171,195
  Federal agency securities (2)                             767,991   +    1,054   -  100,097      770,953
Securities lent to dealers                                    9,235   +    3,074   -  187,844        9,205   
  Overnight facility (3)                                      9,235   +    3,074   +    3,048        9,205
    U.S. Treasury securities                                  7,738   +    2,628   +    1,551        8,041
    Federal agency debt securities                            1,496   +      446   +    1,496        1,164
  Term facility (4)                                               0            0   -  190,892            0

Note: Components may not sum to totals because of rounding.

1. Face value of the securities.  Includes U.S. Treasury STRIPS, other zero-coupon bonds, and mortgage-backed 
   securities at 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 Term Auction Credit, Other Loans, and Securities,   December 2, 2009
Millions of dollars

Remaining maturity                 Within 15  16 days to  91 days to  Over 1 year  Over 5 years  Over 10       All
                                      days     90 days      1 year     to 5 years   to 10 years   years 
Term auction credit                   87,857      13,152         ---          ---           ---        ---     101,009
Other loans (1)                       15,212       4,502            0      65,103             0        ---      84,817
U.S. Treasury securities (2) 
  Holdings                            15,039      24,457       49,713     330,020       212,649    144,665     776,543
  Weekly changes                  -      989  +      346   +    1,002  -    1,316    +      963 +        3  +        8
Federal agency debt securities (3) 
  Holdings                                30       1,591       22,333      95,670        33,395      2,047     155,066
  Weekly changes                           0           0            0           0             0          0           0
Mortgage-backed securities (4)    
  Holdings                                 0           0            0           0             0    852,172     852,172
  Weekly changes                           0           0            0           0             0 +       48  +       48
Commercial paper held by
  Commercial Paper Funding 
  Facility LLC (5)                     1,029       9,440            0         ---           ---        ---      10,469
Asset-backed securities held by
  TALF LLC (6)                             0           0            0           0             0          0           0
Repurchase agreements (7)                  0           0          ---         ---           ---        ---           0
Central bank liquidity swaps (8)      18,811       4,227            0           0             0          0      23,038

Reverse repurchase agreements (7)     57,558           0          ---         ---           ---        ---      57,558
  
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 Commercial Paper Funding Facility LLC, 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 commercial paper held by Commercial Paper Funding Facility LLC.
6. Face value of asset-backed securities held by TALF LLC, which is the remaining principal balance of the underlying assets.
7. Cash value of agreements.
8. 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 2, 2009

Mortgage-backed securities held outright (1)                                                       852,172

Commitments to buy mortgage-backed securities (2)                                                  162,380
Commitments to sell mortgage-backed securities (2)                                                       0

Cash and cash equivalents (3)                                                                           66

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 as well as dollar rolls.
3. This amount is included in other Federal Reserve assets in table 1 and in other assets in table 10 and table 11.


4. Information on Principal Accounts of Maiden Lane LLC
Millions of dollars
                                                                                                  Wednesday
Account name                                                                                     Dec 2, 2009
         
Net portfolio holdings of Maiden Lane LLC (1)                                                       26,464

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)           28,820
Accrued interest payable to the Federal Reserve Bank of New York (2)                                   401
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3)        1,243
 
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, 2009.  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 11.
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 10 and table 11.

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 2, 2009

Net portfolio holdings of Maiden Lane II LLC (1)                                                     15,847

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)            16,018
Accrued interest payable to the Federal Reserve Bank of New York (2)                                    250
Deferred payment and accrued interest payable to subsidiaries of American International 
  Group, Inc. (3)                                                                                     1,034

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, 2009.  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 11.
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 10 and table 11.

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 2, 2009

Net portfolio holdings of Maiden Lane III LLC (1)                                                    22,989

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)            18,615
Accrued interest payable to the Federal Reserve Bank of New York (2)                                    322
Outstanding principal amount and accrued interest on loan payable to American International
  Group, Inc. (3)                                                                                     5,180

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, 2009.  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 11.
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 10 and table 11.

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 Commercial Paper Funding Facility LLC
Millions of dollars
                                                                                                   Wednesday
Account name                                                                                      Dec 2, 2009

Commercial paper holdings, net (1)                                                                   10,216
Other investments, net                                                                                4,816
Net portfolio holdings of Commercial Paper Funding Facility LLC                                      15,032

Memorandum: Commercial paper holdings, face value                                                    10,469

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)            10,395
Accrued interest payable to the Federal Reserve Bank of New York (2)                                      3

1. Book value, which includes amortized cost and related fees.
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 11.

Note: On October 27, 2008, the Federal Reserve Bank of New York began extending loans under the authority of 
section 13(3) of the Federal Reserve Act to Commercial Paper Funding Facility LLC.  This LLC is a limited 
liability company formed to purchase three-month U.S. dollar-denominated commercial paper from eligible issuers 
and thereby foster liquidity in short-term funding markets and increase the availability of credit for 
businesses and households.


8. Information on Principal Accounts of TALF LLC
Millions of dollars
                                                                                                   Wednesday
Account name                                                                                      Dec 2, 2009

Asset-backed securities holdings (1)                                                                      0
Other investments, net                                                                                  266
Net portfolio holdings of TALF LLC                                                                      266

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)                   102

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 11.
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 10 and table 11.

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 $20 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.


9.  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 2, 2009

Preferred interests in AIA Aurora LLC and ALICO Holdings LLC (1)                                     25,000
Accrued dividends on preferred interests in AIA Aurora LLC and ALICO Holdings LLC (2)                     7

Preferred interests in AIA Aurora LLC (1)                                                            16,000
Accrued dividends on preferred interests in AIA Aurora LLC (2)                                            4

Preferred interests in ALICO Holdings LLC (1)                                                         9,000
Accrued dividends on preferred interests in ALICO Holdings LLC (2)                                        2

1. Book value.
2. This amount is included in other Federal Reserve assets in table 1 and in other assets in table 10 and table 11.

Note:  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.


10. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of dollars
                                                 Eliminations                          Change since
                                                     from       Wednesday        Wednesday        Wednesday
Assets, liabilities, and capital                consolidation  Dec 2, 2009     Nov 25, 2009      Dec 3, 2008

Assets
Gold certificate account                                           11,037                0                0
Special drawing rights certificate account                          5,200                0       +    3,000
Coin                                                                2,019       +        3       +      379
Securities, repurchase agreements, term auction
      credit, and other loans                                   1,969,607       -   24,706       +  746,421
  Securities held outright (1)                                  1,783,780       +       54       +1,295,854
    U.S. Treasury securities                                      776,543       +        8       +  300,189       
      Bills (2)                                                    18,423                0                0
      Notes and bonds, nominal (2)                                707,649                0       +  297,158
      Notes and bonds, inflation-indexed (2)                       44,643                0       +    3,572
      Inflation compensation (3)                                    5,829       +        8       -      540
    Federal agency debt securities (2)                            155,066                0       +  143,494
    Mortgage-backed securities (4)                                852,172       +       48       +  852,172
  Repurchase agreements (5)                                             0                0       -   80,000    
  Term auction credit                                             101,009                0       -  305,499
  Other loans                                                      84,817       -   24,761       -  163,934
Net portfolio holdings of Commercial Paper 
  Funding Facility LLC (6)                                         15,032       -       14       -  288,848
Net portfolio holdings of Maiden Lane LLC (7)                      26,464       +      103       -      618
Net portfolio holdings of Maiden Lane II LLC (8)                   15,847       +        2       +   15,847
Net portfolio holdings of 
  Maiden Lane III LLC (9)                                          22,989       +       28       +    1,806
Net portfolio holdings of TALF LLC (10)                               266                0       +      266
Preferred interests in AIA Aurora LLC and 
  ALICO Holdings LLC (11)                                          25,000       +   25,000       +   25,000
Items in process of collection                         (306)          435       -      204       -    1,077
Bank premises                                                       2,231       +        5       +       56
Central bank liquidity swaps (12)                                  23,038       -    2,773       -  483,781
Other assets (13)                                                  88,121       +      274       +   50,376
     
      Total assets                                     (306)    2,207,286       -    2,281       +   68,828

Note: Components may not sum to totals because of rounding.  Footnotes appear at the end of the table.


10. Consolidated Statement of Condition of All Federal Reserve Banks (continued)
Millions of dollars
                                                 Eliminations                          Change since
                                                     from       Wednesday        Wednesday        Wednesday
Assets, liabilities, and capital                consolidation  Dec 2, 2009     Nov 25, 2009      Dec 3, 2008
                         
Liabilities
Federal Reserve notes, net of F.R. Bank holdings                  882,417       -      617       +   46,588
Reverse repurchase agreements (14)                                 57,558       -      925       -   34,436
Deposits                                                 (0)    1,199,897       -      838       +   44,850       
  Depository institutions                                       1,122,010       -   46,560       +  466,831
  U.S. Treasury, general account                                   60,164       +   47,167       +    2,819
  U.S. Treasury, supplementary financing account                   14,999                0       -  419,108
  Foreign official                                                  2,080       -       46       +    1,894
  Other                                                  (0)          644       -    1,398       -    7,586
Deferred availability cash items                       (306)        2,561       +      280       +      132
Other liabilities and accrued dividends (15)                       12,171       -       49       +    1,827

      Total liabilities                                (306)    2,154,605       -    2,149       +   58,963
                          
Capital accounts
Capital paid in                                                    25,438       +       15       +    4,576
Surplus                                                            21,448       +        8       +    4,273
Other capital accounts                                              5,795       -      156       +    1,016

      Total capital                                                52,681       -      133       +    9,866

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. Refer to table 7 and the note on consolidation accompanying table 11.
7. Refer to table 4 and the note on consolidation accompanying table 11.
8. Refer to table 5 and the note on consolidation accompanying table 11.
9. Refer to table 6 and the note on consolidation accompanying table 11.
10. Refer to table 8 and the note on consolidation accompanying table 11.
11. Refer to table 9.
12. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when 
    the foreign currency is returned to the foreign central bank.  This exchange rate equals the market 
    exchange rate used when the foreign currency was acquired from the foreign central bank. 
13. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates,
    and accrued dividends on the Federal Reserve Bank of New York's preferred interests in AIA Aurora LLC and 
    ALICO Holdings LLC.
14. Cash value of agreements, which are collateralized by U.S. Treasury securities and federal agency debt 
    securities.
15. Includes the liabilities of Commercial Paper Funding Facility LLC, 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 8 and the note on consolidation accompanying table 11. 


11. Statement of Condition of Each Federal Reserve Bank,   December 2, 2009
Millions of dollars
                                                                                                                                                            Kansas                San
Assets, liabilities, and capital               Total     Boston   New York Philadelphia Cleveland   Richmond   Atlanta    Chicago   St. Louis  Minneapolis   City     Dallas   Francisco

Assets                        
Gold certificate account                      11,037        412      3,895        450        467        882      1,356        911        329        197        335        621      1,182
Special drawing rights certificate acct.       5,200        196      1,818        210        237        412        654        424        150         90        153        282        574
Coin                                           2,019         68         77        164        147        285        232        279         32         62        136        216        322
Securities, repurchase agreements, term
      auction credit, and other loans      1,969,607     41,702    854,878     32,414     72,341     65,525    215,492    195,673     71,040     29,850     81,492     86,803    222,398
  Securities held outright (1)             1,783,780     34,218    697,236     27,674     70,474     64,282    214,921    193,024     69,882     29,531     80,518     86,248    215,772
    U.S. Treasury securities                 776,543     14,896    303,531     12,047     30,680     27,984     93,563     84,030     30,422     12,856     35,052     37,547     93,933
      Bills (2)                               18,423        353      7,201        286        728        664      2,220      1,994        722        305        832        891      2,228
      Notes and bonds (3)                    758,120     14,543    296,330     11,762     29,952     27,320     91,343     82,037     29,700     12,551     34,221     36,656     91,705
    Federal agency debt securities (2)       155,066      2,975     60,611      2,406      6,126      5,588     18,683     16,780      6,075      2,567      7,000      7,498     18,757
    Mortgage-backed securities (4)           852,172     16,347    333,093     13,221     33,668     30,710    102,675     92,214     33,385     14,108     38,466     41,204    103,082
  Repurchase agreements (5)                        0          0          0          0          0          0          0          0          0          0          0          0          0
  Term auction credit                        101,009      7,342     74,075      4,578      1,867      1,143        384      2,240      1,138        280        965        550      6,449     
  Other loans                                 84,817        141     83,568        162          1        100        187        409         20         39          9          5        177
Net portfolio holdings of Commercial
  Paper Funding Facility LLC (6)              15,032          0     15,032          0          0          0          0          0          0          0          0          0          0
Net portfolio holdings of Maiden Lane 
  LLC (7)                                     26,464          0     26,464          0          0          0          0          0          0          0          0          0          0
Net portfolio holdings of Maiden
  Lane II LLC (8)                             15,847          0     15,847          0          0          0          0          0          0          0          0          0          0
Net portfolio holdings of Maiden
  Lane III LLC (9)                            22,989          0     22,989          0          0          0          0          0          0          0          0          0          0
Net portfolio holdings of TALF LLC (10)          266          0        266          0          0          0          0          0          0          0          0          0          0
Preferred interests in AIA Aurora LLC
  and ALICO Holdings LLC (11)                 25,000          0     25,000          0          0          0          0          0          0          0          0          0          0
Items in process of collection                   742         37          0        136        131         23        169         35         30         28         47         40         65
Bank premises                                  2,231        120        256         69        145        237        221        205        134        111        268        251        212
Central bank liquidity swaps (12)             23,038        923      6,129      2,531      1,697      6,537      1,762        769        229        355        227        296      1,584
Other assets (13)                             88,121      2,275     31,040      4,026      4,384      9,908      9,389      7,451      2,662      1,444      3,022      3,309      9,212
Interdistrict settlement account                   0  +  18,765  +  12,593  +  22,065  -  20,594  + 245,190  -  72,222  -  88,091  -  34,633  -   8,524  -  27,780  -  18,515  -  28,253

      Total assets                         2,207,592     64,498  1,016,284     62,065     58,953    328,999    157,051    117,655     39,974     23,612     57,901     73,305    207,295

Note: Components may not sum to totals because of rounding.  Footnotes appear at the end of the table.


11. Statement of Condition of Each Federal Reserve Bank,   December 2, 2009 (continued)
Millions of dollars
                                                                                                                                                            Kansas                 San
Assets, liabilities, and capital                Total     Boston   New York Philadelphia Cleveland   Richmond   Atlanta    Chicago   St. Louis  Minneapolis  City      Dallas   Francisco

Liabilities                         
Federal Reserve notes outstanding           1,080,996     35,867    398,210     38,845     45,078     82,637    135,717     85,631     30,617     19,461     28,793     63,335    116,805
  Less: Notes held by F.R. Banks              198,578      4,277     72,170      6,204      8,651     11,078     31,229     13,128      4,332      2,869      3,234     14,206     27,201
    Federal Reserve notes, net                882,417     31,590    326,040     32,640     36,427     71,559    104,488     72,503     26,285     16,591     25,560     49,129     89,604
Reverse repurchase agreements (14)             57,558      1,104     22,498        893      2,274      2,074      6,935      6,228      2,255        953      2,598      2,783      6,962
Deposits                                    1,199,897     29,635    643,540     22,580     15,717    240,365     41,351     36,768     10,616      4,192     28,887     20,140    106,106
  Depository institutions                   1,122,010     29,627    565,832     22,575     15,714    240,258     41,347     36,730     10,613      4,192     28,886     20,140    106,097
  U.S. Treasury, general account               60,164          0     60,164          0          0          0          0          0          0          0          0          0          0
  U.S. Treasury, supplementary
    financing account                          14,999          0     14,999          0          0          0          0          0          0          0          0          0          0
  Foreign official                              2,080          2      2,050          4          3         11          3          1          0          1          0          1          3
  Other                                           644          7        494          0          0         96          0         37          3          0          1          0          7
Deferred availability cash items                2,867         87          0        470        388         99        325        190         54        288        168        226        573
Other liabilities and accrued                 
  dividends (15)                               12,171        179      8,259        219        287        614        622        521        240        147        223        280        581
   
      Total liabilities                     2,154,911     62,595  1,000,337     56,802     55,093    314,710    153,721    116,210     39,450     22,171     57,436     72,559    203,826
                              
Capital                    
Capital paid in                                25,438        944      7,427      2,627      1,910      7,136      1,579        622        240        712        210        350      1,681
Surplus                                        21,448        844      5,976      2,316      1,551      5,983      1,612        704        209        324        207        271      1,450
Other capital                                   5,795        114      2,545        320        398      1,170        140        119         75        404         47        125        338

      Total liabilities and capital         2,207,592     64,498  1,016,284     62,065     58,953    328,999    157,051    117,655     39,974     23,612     57,901     73,305    207,295
                              
Note: Components may not sum to totals because of rounding.  Footnotes appear at the end of the table.


11. Statement of Condition of Each Federal Reserve Bank,   December 2, 2009 (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. Refer to table 7 and the note on consolidation below.
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 8 and the note on consolidation below.
11. Refer to table 9.
12. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank.  This 
    exchange rate equals the market exchange rate used when the foreign currency was acquired from the foreign central bank.
13. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates, and accrued dividends on the Federal Reserve Bank of New York's 
    preferred interests in AIA Aurora LLC and ALICO Holdings LLC.
14. Cash value of agreements, which are collateralized by U.S. Treasury securities and federal agency debt securities.
15. Includes the liabilities of Commercial Paper Funding Facility LLC, 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 8 and the note on consolidation below.

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 October 27, 2008, the FRBNY began extending loans to Commercial Paper Funding 
Facility LLC, which was formed to purchase three-month U.S. dollar-denominated commercial paper from eligible issuers. 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 sole beneficiary of Commercial Paper Funding Facility LLC.  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 10), 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 10).


12. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts
Millions of dollars

Federal Reserve notes and collateral                                                              Wednesday
                                                                                                 Dec 2, 2009
              
Federal Reserve notes outstanding                                                                1,080,996
  Less: Notes held by F.R. Banks not subject to collateralization                                  198,578
    Federal Reserve notes to be collateralized                                                     882,417 
Collateral held against Federal Reserve notes                                                      882,417
  Gold certificate account                                                                          11,037
  Special drawing rights certificate account                                                         5,200
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                         866,181
  Other assets pledged                                                                                   0

Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                           1,783,780
  Less: Face value of securities under reverse repurchase agreements                                56,731
    U.S. Treasury, agency debt, and mortgage-backed securities
    eligible to be pledged                                                                       1,727,049
   
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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