FEDERAL RESERVE statistical release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks September 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 Sep 22, 2010 Federal Reserve Banks Sep 22, 2010 Sep 15, 2010 Sep 23, 2009 Reserve Bank credit 2,286,518 - 2,768 + 153,879 2,290,004 Securities held outright (1) 2,047,446 - 2,296 + 468,578 2,051,085 U.S. Treasury securities 801,202 + 9,178 + 38,455 805,107 Bills (2) 18,423 0 0 18,423 Notes and bonds, nominal (2) 735,578 + 9,083 + 41,548 739,482 Notes and bonds, inflation-indexed (2) 41,768 + 92 - 2,820 41,768 Inflation compensation (3) 5,433 + 2 - 273 5,434 Federal agency debt securities (2) 154,164 - 1,948 + 27,271 154,105 Mortgage-backed securities (4) 1,092,079 - 9,527 + 402,851 1,091,873 Repurchase agreements (5) 0 0 0 0 Term auction credit 0 0 - 196,020 0 Other loans 52,489 - 305 - 58,580 51,262 Primary credit 20 - 9 - 28,166 15 Secondary credit 0 0 - 577 0 Seasonal credit 77 - 2 - 44 78 Asset-Backed Commercial Paper Money Market Mutual Fund Liquidity Facility 0 0 - 79 0 Credit extended to American International Group, Inc., net (6) 19,957 + 80 - 19,153 19,665 Term Asset-Backed Securities Loan Facility (7) 32,434 - 373 - 10,562 31,503 Other credit extensions 0 0 0 0 Net portfolio holdings of Commercial Paper Funding Facility LLC (8) 0 0 - 42,820 0 Net portfolio holdings of Maiden Lane LLC (9) 28,439 - 541 + 2,287 28,443 Net portfolio holdings of Maiden Lane II LLC (10) 15,820 + 5 + 1,169 15,824 Net portfolio holdings of Maiden Lane III LLC (11) 23,022 + 20 + 2,476 23,030 Net portfolio holdings of TALF LLC (12) 583 + 8 + 583 601 Preferred interests in AIA Aurora LLC and ALICO Holdings LLC (13) 25,733 0 + 25,733 25,733 Float -1,651 + 196 + 104 -1,774 Central bank liquidity swaps (14) 61 0 - 59,060 61 Other Federal Reserve assets (15) 94,578 + 145 + 9,431 95,740 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 5,200 0 + 429 5,200 Treasury currency outstanding (16) 43,364 + 14 + 805 43,364 Total factors supplying reserve funds 2,346,123 - 2,754 + 155,112 2,349,608 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 Sep 22, 2010 Federal Reserve Banks Sep 22, 2010 Sep 15, 2010 Sep 23, 2009 Currency in circulation (16) 951,067 - 1,136 + 39,002 951,655 Reverse repurchase agreements (17) 61,924 + 1,516 - 7,112 60,102 Foreign official and international accounts 61,924 + 1,516 - 7,112 60,102 Dealers 0 0 0 0 Treasury cash holdings 244 + 2 - 35 229 Deposits with F.R. Banks, other than reserve balances 285,067 + 48,374 + 25,136 285,344 Term deposits held by depository institutions 2,119 0 + 2,119 2,119 U.S. Treasury, general account 77,377 + 55,036 + 24,076 77,496 U.S. Treasury, supplementary financing account 199,960 0 + 28 199,960 Foreign official 2,778 + 379 + 327 2,939 Service-related 2,427 - 3 - 1,431 2,427 Required clearing balances 2,427 - 3 - 1,431 2,427 Adjustments to compensate for float 0 0 0 0 Other 406 - 7,038 + 17 403 Other liabilities and capital (18) 72,378 + 16 + 12,085 72,206 Total factors, other than reserve balances, absorbing reserve funds 1,370,680 + 48,772 + 69,076 1,369,535 Reserve balances with Federal Reserve Banks 975,442 - 51,527 + 86,035 980,073 Note: Components may not sum to totals because of rounding. 1. Includes securities lent to dealers under the overnight and term securities lending facilities; refer to table 1A. 2. Face value of the securities. 3. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed securities. 4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the underlying mortgages. 5. Cash value of agreements. 6. Includes outstanding principal and capitalized interest net of unamortized deferred commitment fees and allowance for loan restructuring. Excludes credit extended to consolidated LLCs. 7. Includes credit extended by the Federal Reserve Bank of New York to eligible borrowers through the Term Asset-Backed Securities Loan Facility. 8. Includes the book value of the commercial paper, net of amortized costs and related fees, and other investments held by the Commercial Paper Funding Facility LLC. 9. Refer to table 4 and the note on consolidation accompanying table 10. 10. Refer to table 5 and the note on consolidation accompanying table 10. 11. Refer to table 6 and the note on consolidation accompanying table 10. 12. Refer to table 7 and the note on consolidation accompanying table 10. 13. Refer to table 8. 14. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the foreign central bank. 15. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates, accrued dividends on the Federal Reserve Bank of New York's (FRBNY) preferred interests in AIA Aurora LLC and ALICO Holdings LLC, and the fair value adjustment to credit extended by the FRBNY to eligible borrowers through the Term Asset-Backed Securities Loan Facility. 16. Estimated. 17. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities. 18. 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 Sep 22, 2010 Memorandum item Sep 22, 2010 Sep 15, 2010 Sep 23, 2009 Marketable securities held in custody for foreign official and international accounts (1) 3,213,407 + 3,685 + 359,050 3,228,568 U.S. Treasury securities 2,463,310 + 49,657 + 379,591 2,479,582 Federal agency securities (2) 750,097 - 45,972 - 20,541 748,986 Securities lent to dealers 6,658 - 559 - 4,846 8,251 Overnight facility (3) 6,658 - 559 - 4,846 8,251 U.S. Treasury securities 5,188 - 680 - 6,101 6,892 Federal agency debt securities 1,470 + 121 + 1,255 1,359 Term facility (4) 0 0 0 0 Note: Components may not sum to totals because of rounding. 1. Face value of the securities. Includes U.S. Treasury STRIPS, 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 Securities, Loans, and Selected Other Assets and Liabilities, September 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) 84 10 0 51,168 0 ... 51,262 U.S. Treasury securities (2) Holdings 19,155 12,087 51,827 350,208 231,228 140,602 805,107 Weekly changes + 3,867 - 2,907 - 960 + 4,915 + 5,545 + 1 + 10,461 Federal agency debt securities (3) Holdings 0 6,645 39,192 73,175 32,746 2,347 154,105 Weekly changes - 414 + 718 + 643 - 1,361 0 0 - 414 Mortgage-backed securities (4) Holdings 0 0 0 29 21 1,091,823 1,091,873 Weekly changes 0 0 0 0 0 - 361 - 361 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) 61 0 0 0 0 0 61 Reverse repurchase agreements (6) 60,102 0 ... ... ... ... 60,102 Term deposits 2,119 0 0 ... ... ... 2,119 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 Sep 22, 2010 Mortgage-backed securities held outright (1) 1,091,873 Commitments to buy mortgage-backed securities (2) 0 Commitments to sell mortgage-backed securities (2) 0 Cash and cash equivalents (3) 2 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 Sep 22, 2010 Net portfolio holdings of Maiden Lane LLC (1) 28,443 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 27,639 Accrued interest payable to the Federal Reserve Bank of New York (2) 562 Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3) 1,296 1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of June 30, 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 Sep 22, 2010 Net portfolio holdings of Maiden Lane II LLC (1) 15,824 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 13,656 Accrued interest payable to the Federal Reserve Bank of New York (2) 404 Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc. (3) 1,062 1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of June 30, 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 Sep 22, 2010 Net portfolio holdings of Maiden Lane III LLC (1) 23,030 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 14,638 Accrued interest payable to the Federal Reserve Bank of New York (2) 496 Outstanding principal amount and accrued interest on loan payable to American International Group, Inc. (3) 5,318 1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of June 30, 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 Sep 22, 2010 Asset-backed securities holdings (1) 0 Other investments, net 601 Net portfolio holdings of TALF LLC 601 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) 105 1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an orderly market on the measurement date. 2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 10. 3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 9 and table 10. Note: On November 25, 2008, the Federal Reserve announced the creation of the Term Asset-Backed Securities Loan Facility (TALF) under the authority of section 13(3) of the Federal Reserve Act. The TALF is a facility under which the Federal Reserve Bank of New York (FRBNY) extends loans with a term of up to five years to holders of eligible asset-backed securities. The TALF is intended to assist financial markets in accommodating the credit needs of consumers and businesses by facilitating the issuance of asset-backed securities collateralized by a variety of consumer and business loans. The loans provided through the TALF to eligible borrowers are non-recourse, meaning that the obligation of the borrower can be discharged by surrendering the collateral to the FRBNY. The loans are extended for the market value of the security less an amount known as a haircut. As a result, the borrower bears the initial risk of a decline in the value of the security. TALF LLC is a limited liability company formed to purchase and manage any asset-backed securities received by the FRBNY in connection with the decision of a borrower not to repay a TALF loan. TALF LLC has committed, for a fee, to purchase all asset-backed securities received by the FRBNY in conjunction with a TALF loan at a price equal to the TALF loan plus accrued but unpaid interest. Losses on asset-backed securities held by TALF LLC will be offset in the following order: by the commitment fees collected by TALF LLC, by the interest received on investments of TALF LLC, by up to $4.3 billion in subordinated debt funding provided by the U.S. Treasury, and finally, by senior debt funding provided by the FRBNY. Payments by TALF LLC from the proceeds of its net portfolio holdings will be made in the following order: operating expenses of TALF LLC, principal due to the FRBNY, principal due to the U.S. Treasury, interest due to the FRBNY, and interest due to the U.S. Treasury. Any remaining funds will be shared by the FRBNY and the U.S. Treasury. 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 Sep 22, 2010 Preferred interests in AIA Aurora LLC and ALICO Holdings LLC (1) 25,733 Accrued dividends on preferred interests in AIA Aurora LLC and ALICO Holdings LLC (2) 296 Preferred interests in AIA Aurora LLC (1) 16,469 Accrued dividends on preferred interests in AIA Aurora LLC (2) 190 Preferred interests in ALICO Holdings LLC (1) 9,264 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 Sep 22, 2010 Wednesday Wednesday Assets, liabilities, and capital Sep 15, 2010 Sep 23, 2009 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 5,200 0 0 Coin 2,107 + 21 + 146 Securities, repurchase agreements, term auction credit, and other loans 2,102,347 + 8,351 + 207,912 Securities held outright (1) 2,051,085 + 9,686 + 462,651 U.S. Treasury securities 805,107 + 10,461 + 39,474 Bills (2) 18,423 0 0 Notes and bonds, nominal (2) 739,482 + 10,459 + 42,559 Notes and bonds, inflation-indexed (2) 41,768 0 - 2,820 Inflation compensation (3) 5,434 + 2 - 265 Federal agency debt securities (2) 154,105 - 414 + 24,899 Mortgage-backed securities (4) 1,091,873 - 361 + 398,278 Repurchase agreements (5) 0 0 0 Term auction credit 0 0 - 196,020 Other loans 51,262 - 1,336 - 58,719 Net portfolio holdings of Commercial Paper Funding Facility LLC (6) 0 0 - 42,438 Net portfolio holdings of Maiden Lane LLC (7) 28,443 + 5 + 2,254 Net portfolio holdings of Maiden Lane II LLC (8) 15,824 + 4 + 1,162 Net portfolio holdings of Maiden Lane III LLC (9) 23,030 + 9 + 2,476 Net portfolio holdings of TALF LLC (10) 601 + 26 + 601 Preferred interests in AIA Aurora LLC and ALICO Holdings LLC (11) 25,733 0 + 25,733 Items in process of collection (94) 293 - 8 - 327 Bank premises 2,227 + 1 + 4 Central bank liquidity swaps (12) 61 0 - 59,060 Other assets (13) 93,506 + 2,651 + 10,184 Total assets (94) 2,310,407 + 11,059 + 148,644 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 Sep 22, 2010 Wednesday Wednesday Assets, liabilities, and capital Sep 15, 2010 Sep 23, 2009 Liabilities Federal Reserve notes, net of F.R. Bank holdings 910,623 - 634 + 38,305 Reverse repurchase agreements (14) 60,102 + 178 - 10,701 Deposits (0) 1,265,409 + 10,963 + 108,832 Term deposits held by depository institutions 2,119 0 + 2,119 Other deposits held by depository institutions 982,493 + 47,893 + 79,449 U.S. Treasury, general account 77,496 - 37,072 + 26,589 U.S. Treasury, supplementary financing account 199,960 0 + 28 Foreign official 2,939 + 147 + 568 Other (0) 403 - 4 + 82 Deferred availability cash items (94) 2,067 - 201 - 468 Other liabilities and accrued dividends (15) 15,064 + 135 + 6,548 Total liabilities (94) 2,253,265 + 10,441 + 142,516 Capital accounts Capital paid in 26,686 + 13 + 1,808 Surplus 25,868 + 5 + 4,504 Other capital accounts 4,587 + 599 - 184 Total capital 57,142 + 618 + 6,128 Note: Components may not sum to totals because of rounding. 1. Includes securities lent to dealers under the overnight and term securities lending facilities; refer to table 1A. 2. Face value of the securities. 3. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed securities. 4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the underlying mortgages. 5. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities. 6. Includes the book value of the commercial paper, net of amortized costs and related fees, and other investments held by the Commercial Paper Funding Facility LLC. 7. Refer to table 4 and the note on consolidation accompanying table 10. 8. Refer to table 5 and the note on consolidation accompanying table 10. 9. Refer to table 6 and the note on consolidation accompanying table 10. 10. Refer to table 7 and the note on consolidation accompanying table 10. 11. Refer to table 8. 12. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the foreign central bank. 13. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates, accrued dividends on the Federal Reserve Bank of New York's (FRBNY) preferred interests in AIA Aurora LLC and ALICO Holdings LLC, and the fair value adjustment to credit extended by the FRBNY to eligible borrowers through the Term Asset-Backed Securities Loan Facility. 14. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities. 15. Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to entities other than the Federal Reserve Bank of New York, including liabilities that have recourse only to the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note on consolidation accompanying table 10. 10. Statement of Condition of Each Federal Reserve Bank, September 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 2,107 63 69 170 155 309 203 321 32 59 151 221 352 Securities, repurchase agreements, term auction credit, and other loans 2,102,347 51,906 888,120 47,903 69,687 233,596 194,099 154,631 52,860 28,100 70,371 86,138 224,935 Securities held outright (1) 2,051,085 51,906 836,951 47,899 69,687 233,596 194,089 154,624 52,832 28,079 70,361 86,126 224,935 U.S. Treasury securities 805,107 20,375 328,526 18,802 27,354 91,693 76,185 60,694 20,738 11,022 27,618 33,807 88,293 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) 786,685 19,908 321,009 18,371 26,728 89,595 74,442 59,305 20,264 10,770 26,986 33,033 86,273 Federal agency debt securities (2) 154,105 3,900 62,883 3,599 5,236 17,551 14,583 11,617 3,969 2,110 5,286 6,471 16,900 Mortgage-backed securities (4) 1,091,873 27,632 445,542 25,498 37,097 124,353 103,321 82,312 28,125 14,948 37,456 45,848 119,741 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 51,262 0 51,169 5 0 0 10 7 27 21 11 12 1 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) 28,443 0 28,443 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of Maiden Lane II LLC (8) 15,824 0 15,824 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of Maiden Lane III LLC (9) 23,030 0 23,030 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of TALF LLC (10) 601 0 601 0 0 0 0 0 0 0 0 0 0 Preferred interests in AIA Aurora LLC and ALICO Holdings LLC (11) 25,733 0 25,733 0 0 0 0 0 0 0 0 0 0 Items in process of collection 387 16 0 37 106 10 42 34 15 13 56 32 27 Bank premises 2,227 125 256 69 142 239 218 210 135 108 265 247 212 Central bank liquidity swaps (12) 61 2 18 7 5 17 4 1 1 2 0 1 4 Other assets (13) 93,506 2,671 35,375 4,388 4,197 14,846 7,939 5,663 1,988 1,660 2,524 3,197 9,059 Interdistrict settlement account 0 + 6,476 + 118,838 + 24,821 - 20,360 - 601 - 47,882 - 38,179 - 14,612 + 10,792 - 18,303 - 3,801 - 17,189 Total assets 2,310,501 61,825 1,142,162 78,009 54,633 249,674 156,662 123,992 40,893 41,026 55,514 86,969 219,144 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, September 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 1,135,144 40,877 390,167 45,846 46,225 89,690 144,484 87,865 33,024 20,240 33,876 76,905 125,944 Less: Notes held by F.R. Banks 224,520 4,265 92,958 5,402 9,393 14,773 29,729 13,485 4,604 6,127 3,447 12,631 27,708 Federal Reserve notes, net 910,623 36,612 297,209 40,444 36,831 74,917 114,756 74,381 28,420 14,114 30,429 64,274 98,236 Reverse repurchase agreements (14) 60,102 1,521 24,525 1,404 2,042 6,845 5,687 4,531 1,548 823 2,062 2,524 6,591 Deposits 1,265,409 21,499 793,028 29,953 11,050 154,182 32,257 43,029 10,180 23,989 22,236 18,940 105,064 Term deposits held by depository institutions 2,119 27 886 0 15 96 161 506 0 6 34 62 327 Other deposits held by depository institutions 982,493 21,440 511,514 29,949 11,031 154,006 32,094 42,508 10,170 23,982 22,201 18,877 104,721 U.S. Treasury, general account 77,496 0 77,496 0 0 0 0 0 0 0 0 0 0 U.S. Treasury, supplementary financing account 199,960 0 199,960 0 0 0 0 0 0 0 0 0 0 Foreign official 2,939 1 2,911 4 3 11 2 1 0 1 0 1 3 Other 403 31 261 0 1 69 0 14 10 0 1 0 14 Deferred availability cash items 2,162 74 0 227 515 101 132 166 58 311 116 93 370 Other liabilities and accrued dividends (15) 15,064 200 11,299 232 258 747 529 431 190 144 194 269 571 Total liabilities 2,253,360 59,907 1,126,061 72,260 50,696 236,792 153,360 122,538 40,396 39,381 55,037 86,100 210,832 Capital Capital paid in 26,686 916 7,666 2,831 1,924 5,435 1,551 668 215 806 211 399 4,063 Surplus 25,868 946 7,664 2,804 1,911 7,141 1,581 621 239 712 210 353 1,688 Other capital 4,587 56 771 114 102 306 170 166 42 127 56 116 2,560 Total liabilities and capital 2,310,501 61,825 1,142,162 78,009 54,633 249,674 156,662 123,992 40,893 41,026 55,514 86,969 219,144 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, September 22, 2010 (continued) 1. Includes securities lent to dealers under the overnight and term securities lending facilities; refer to table 1A. 2. Face value of the securities. 3. Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face value of such securities. 4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the underlying mortgages. 5. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities. 6. Includes the book value of the commercial paper, net of amortized costs and related fees, and other investments held by the Commercial Paper Funding Facility LLC. 7. Refer to table 4 and the note on consolidation below. 8. Refer to table 5 and the note on consolidation below. 9. Refer to table 6 and the note on consolidation below. 10. Refer to table 7 and the note on consolidation below. 11. Refer to table 8. 12. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the foreign central bank. 13. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates, accrued dividends on the Federal Reserve Bank of New York's (FRBNY) preferred interests in AIA Aurora LLC and ALICO Holdings LLC, and the fair value adjustment to credit extended by the FRBNY to eligible borrowers through the Term Asset-Backed Securities Loan Facility. 14. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities. 15. Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to entities other than the Federal Reserve Bank of New York, including liabilities that have recourse only to the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note on consolidation below. 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 Sep 22, 2010 Federal Reserve notes outstanding 1,135,144 Less: Notes held by F.R. Banks not subject to collateralization 224,520 Federal Reserve notes to be collateralized 910,623 Collateral held against Federal Reserve notes 910,623 Gold certificate account 11,037 Special drawing rights certificate account 5,200 U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 894,386 Other assets pledged 0 Memo: Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 2,051,085 Less: Face value of securities under reverse repurchase agreements 58,420 U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 1,992,665 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.