Federal Reserve Statistical Release, H.4.1, Factors Affecting Reserve Balances; title with eagle logo links to Statistical Release home page
Release Date: November 18, 2010
Release dates | Historical data | Data Download Program (DDP) | About | Announcements
Current release  Other formats: Screen reader | ASCII | PDF (21 KB)
Try data download now image link
For release at
4:30 P.M. EDT
November 18, 2010

The weekly average values, shown in table 1, reflect the September 30, 2010, quarterly update
to the loan restructuring adjustment for the credit extended to American International Group,
Inc., which is included in "Credit extended to American International Group, Inc., net."
The amounts for the first six days of this reporting week are based on values as of June 30,
2010, and the amounts for the last day of the reporting week are based on values as of
September 30, 2010.

FEDERAL RESERVE statistical release
H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
                                                                                            November 18, 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   Nov 17, 2010
Federal Reserve Banks                                     Nov 17, 2010 Nov 10, 2010 Nov 18, 2009
 
Reserve Bank credit                                        2,293,180   +    3,958   +  101,799    2,297,095
  Securities held outright (1)                             2,054,136   +    5,532   +  280,183    2,060,890
    U.S. Treasury securities                                 859,180   +   11,294   +   82,656      873,618
      Bills (2)                                               18,423            0            0       18,423
      Notes and bonds, nominal (2)                           792,036   +   11,173   +   84,387      806,318
      Notes and bonds, inflation-indexed (2)                  43,093   +      115   -    1,550       43,247
      Inflation compensation (3)                               5,628   +        7   -      182        5,631
    Federal agency debt securities (2)                       149,387   -      294   -    2,350      148,994
    Mortgage-backed securities (4)                         1,045,569   -    5,468   +  199,877    1,038,278
  Repurchase agreements (5)                                        0            0            0            0
  Term auction credit                                              0            0   -  109,456            0
  Other loans                                                 46,565   -      138   -   61,681       47,003
    Primary credit                                                25   +       12   -   19,768          113
    Secondary credit                                               0   -        1            0            0
    Seasonal credit                                               20   +        1   -       62           22
    Asset-Backed Commercial Paper Money Market
       Mutual Fund Liquidity Facility                              0            0            0            0
    Credit extended to American International
       Group, Inc., net (6)                                   19,651   +      196   -   25,110       20,014
    Term Asset-Backed Securities Loan Facility (7)            26,870   -      345   -   16,741       26,854
    Other credit extensions                                        0            0            0            0
  Net portfolio holdings of Commercial Paper
     Funding Facility LLC (8)                                      0            0   -   15,114            0
  Net portfolio holdings of Maiden Lane LLC (9)               28,092   -      418   +    1,752       27,528
  Net portfolio holdings of Maiden Lane II LLC (10)           16,281   +        2   +      543       16,285
  Net portfolio holdings of Maiden Lane III LLC (11)          23,324   +       83   +      390       23,339
  Net portfolio holdings of TALF LLC (12)                        622            0   +      391          622
  Preferred interests in AIA Aurora LLC and ALICO
     Holdings LLC (13)                                        26,057            0   +   26,057       26,057
  Float                                                       -1,933   -      105   +       36       -1,960
  Central bank liquidity swaps (14)                               64   +        4   -   28,214           65
  Other Federal Reserve assets (15)                           99,973   -    1,001   +    6,914       97,265
Gold stock                                                    11,041            0            0       11,041
Special drawing rights certificate account                     5,200            0            0        5,200
Treasury currency outstanding (16)                            43,495   +       14   +      874       43,495

Total factors supplying reserve funds                      2,352,916   +    3,972   +  102,674    2,356,831
 
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   Nov 17, 2010
Federal Reserve Banks                                     Nov 17, 2010 Nov 10, 2010 Nov 18, 2009
 
Currency in circulation (16)                                 973,555   +    2,575   +   54,250      973,559
Reverse repurchase agreements (17)                            54,745   -      300   -    5,426       54,199
  Foreign official and international accounts                 54,745   -      300   -    5,426       54,199
  Others                                                           0            0            0            0
Treasury cash holdings                                           168   -        6   -       67          193
Deposits with F.R. Banks, other than reserve balances        240,994   +   11,551   +  138,971      243,158
  Term deposits held by depository institutions                    0            0            0            0
  U.S. Treasury, general account                              21,787   +      202   -   39,847       38,705
  U.S. Treasury, supplementary financing account             199,959   +        1   +  184,960      199,959
  Foreign official                                             1,652   -      224   -    1,043        1,741
  Service-related                                              2,366            0   -      772        2,366
    Required clearing balances                                 2,366            0   -      772        2,366
    Adjustments to compensate for float                            0            0            0            0
  Other                                                       15,230   +   11,571   -    4,326          387
Funds from American International Group, Inc. asset
   dispositions, held as agent (18)                           26,761   +      544   +   26,761       26,774
Other liabilities and capital (19)                            72,905   -      542   +    6,229       72,398

Total factors, other than reserve balances,
   absorbing reserve funds                                 1,369,128   +   13,822   +  220,717    1,370,281

Reserve balances with Federal Reserve Banks                  983,788   -    9,850   -  118,044      986,550
 
Note: Components may not sum to totals because of rounding.

1. Includes securities lent to dealers under the overnight and term securities lending facilities; refer to
   table 1A.
2. Face value of the securities.
3. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed
   securities.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the
   remaining principal balance of the underlying mortgages.
5. Cash value of agreements.
6. Includes outstanding principal and capitalized interest net of unamortized deferred commitment fees and
   allowance for loan restructuring. Excludes credit extended to consolidated LLCs.
7. Includes credit extended by the Federal Reserve Bank of New York to eligible borrowers through the Term
   Asset-Backed Securities Loan Facility.
8. Includes the book value of the commercial paper, net of amortized costs and related fees, and other
   investments held by the Commercial Paper Funding Facility LLC.
9.  Refer to table 4 and the note on consolidation accompanying table 10.
10. Refer to table 5 and the note on consolidation accompanying table 10.
11. Refer to table 6 and the note on consolidation accompanying table 10.
12. Refer to table 7 and the note on consolidation accompanying table 10.
13. Refer to table 8.
14. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when
    the foreign currency is returned to the foreign central bank. This exchange rate equals the market
    exchange rate used when the foreign currency was acquired from the foreign central bank.
15. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange
    rates, accrued dividends on the Federal Reserve Bank of New York's (FRBNY) preferred interests in AIA
    Aurora LLC and ALICO Holdings LLC, and the fair value adjustment to credit extended by the FRBNY to
    eligible borrowers through the Term Asset-Backed Securities Loan Facility.
16. Estimated.
17. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt
    securities, and mortgage-backed securities.
18. Pending the closing of the recapitalization plan announced by American International Group, Inc. (AIG) on
    September 30, 2010, the cash proceeds from the disposition of certain AIG assets will be held by the
    FRBNY as agent. At the closing of the recapitalization plan, the proceeds will be used first to repay in
    full the credit extended to AIG by the FRBNY under the revolving credit facility and then to retire a
    portion of the FRBNY's preferred interests in AIA Aurora LLC and ALICO Holdings LLC (preferred
    interests). Alternatively, if the recapitalization plan is terminated under the terms of the plan, then
    the proceeds from the initial public offering of AIA and the sale of ALICO will be used to redeem the
    preferred interests in accordance with the AIA Aurora LLC	and ALICO Holdings LLC limited liability
    company agreements, and any excess proceeds from these transactions, as well as proceeds from the
    disposition of other assets, will be used to repay the credit extended to AIG under the revolving credit
    facility.
19. Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to
    entities other than the Federal Reserve Bank of New York, including liabilities that have recourse only
    to the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note on consolidation
    accompanying table 10.

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

 
1A. Memorandum Items
Millions of dollars
                                                                Averages of daily figures         Wednesday  
                                                           Week ended   Change from week ended   Nov 17, 2010
Memorandum item                                           Nov 17, 2010 Nov 10, 2010 Nov 18, 2009
 
Marketable securities held in custody for foreign
   official and international accounts (1)                 3,340,913   +    4,867   +  412,940    3,344,312
  U.S. Treasury securities                                 2,610,561   +    6,658   +  448,832    2,614,200
  Federal agency securities (2)                              730,352   -    1,791   -   35,892      730,112
Securities lent to dealers                                     4,967   -      803   -    2,506        6,935
  Overnight facility (3)                                       4,967   -      803   -    2,506        6,935
    U.S. Treasury securities                                   3,658   -    1,025   -    2,546        5,743
    Federal agency debt securities                             1,309   +      222   +       40        1,192
  Term facility (4)                                                0            0            0            0
 
Note: Components may not sum to totals because of rounding.

1. Face value of the securities. Includes U.S. Treasury STRIPS and other zero-coupon bonds at face value and
   mortgage-backed securities at original face value.
2. Includes debt and mortgage-backed securities.
3. Fully collateralized by U.S. Treasury securities.
4. U.S. Treasury securities only. Fully collateralized by U.S. Treasury securities, federal agency
   securities, and other highly rated debt securities.

 
2. Maturity Distribution of Securities, Loans, and Selected Other Assets and Liabilities,  November 17, 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)                              135            0            0       46,868            0           ...       47,003
U.S. Treasury securities (2)
  Holdings                                19,906       13,668       54,509      379,245      259,205       147,086      873,618
  Weekly changes                      +    9,351   -    9,898   +    3,858   +   11,248   +    4,943    +    1,075   +   20,577
Federal agency debt securities (3)
  Holdings                                   816        3,813       36,868       74,553       30,597         2,347      148,994
  Weekly changes                      -      687   +      259   -       88   +    1,031   -    1,202             0   -      687
Mortgage-backed securities (4)
  Holdings                                     0            0            0           26           21     1,038,231    1,038,278
  Weekly changes                               0            0            0   -        1            0    -   12,759   -   12,759
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)              65            0            0            0            0             0           65

Reverse repurchase agreements (6)         54,199            0          ...          ...          ...           ...       54,199
Term deposits                                  0            0            0          ...          ...           ...            0
 
Note: Components may not sum to totals because of rounding.
. . . Not applicable.

1. Excludes the loans from the Federal Reserve Bank of New York (FRBNY) to Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III
   LLC, and TALF LLC. The loans were eliminated when preparing the FRBNY's statement of condition consistent with consolidation
   under generally accepted accounting principles.
2. Face value. For inflation-indexed securities, includes the original face value and compensation that adjusts for the effect of
   inflation on the original face value of such securities.
3. Face value.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal
   balance of the underlying mortgages.
5. Face value of asset-backed securities held by TALF LLC, which is the remaining principal balance of the underlying assets.
6. Cash value of agreements.
7. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency
   is returned to the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was
   acquired from the foreign central bank.

 
3. Supplemental Information on Mortgage-Backed Securities Purchase Program
Millions of dollars
                                                                                                                        Wednesday   
Account name                                                                                                           Nov 17, 2010 
 
Mortgage-backed securities held outright (1)                                                                           1,038,278

Commitments to buy mortgage-backed securities (2)                                                                              0
Commitments to sell mortgage-backed securities (2)                                                                             0

Cash and cash equivalents (3)                                                                                                  0
 
1. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal
   balance of the underlying mortgages.
2. Current face value. Generally settle within 180 days and include commitments associated with outright transactions, dollar rolls,
   and coupon swaps.
3. This amount is included in other Federal Reserve assets in table 1 and in other assets in table 9 and table 10.

 
4. Information on Principal Accounts of Maiden Lane LLC
Millions of dollars
                                                                                                                        Wednesday   
Account name                                                                                                           Nov 17, 2010 
 
Net portfolio holdings of Maiden Lane LLC (1)                                                                             27,528

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                 25,975
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                         594
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3)                              1,306
 
1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to
   be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of
   September 30, 2010. Any assets purchased after this valuation date are initially recorded at cost until their estimated fair
   value as of the purchase date becomes available.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent
   with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 10.
3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities
   and accrued dividends in table 9 and table 10.

Note: On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended credit to Maiden Lane LLC under the authority of
section 13(3) of the Federal Reserve Act. This limited liability company was formed to acquire certain assets of Bear Stearns and to
manage those assets through time to maximize repayment of the credit extended and to minimize disruption to financial markets.
Payments by Maiden Lane LLC from the proceeds of the net portfolio holdings will be made in the following order: operating expenses
of the LLC, principal due to the FRBNY, interest due to the FRBNY, principal due to JPMorgan Chase & Co., and interest due to
JPMorgan Chase & Co. Any remaining funds will be paid to the FRBNY.

 
5. Information on Principal Accounts of Maiden Lane II LLC
Millions of dollars
                                                                                                                        Wednesday   
Account name                                                                                                           Nov 17, 2010 
 
Net portfolio holdings of Maiden Lane II LLC (1)                                                                          16,285

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                 13,254
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                         431
Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc. (3)                    1,067
 
1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to
   be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of
   September 30, 2010. Any assets purchased after this valuation date are initially recorded at cost until their estimated fair
   value as of the purchase date becomes available.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent
   with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 10.
3. Book value. The deferred payment represents the portion of the proceeds of the net portfolio holdings due to subsidiaries of
   American International Group, Inc. in accordance with the asset purchase agreement. The fair value of this payment and accrued
   interest payable are included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table
   9 and table 10.

Note: On December 12, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden Lane II LLC under the
authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to purchase residential
mortgage-backed securities from the U.S. securities lending reinvestment portfolio of subsidiaries of American International Group,
Inc. (AIG subsidiaries). Payments by Maiden Lane II LLC from the proceeds of the net portfolio holdings will be made in the
following order: operating expenses of Maiden Lane II LLC, principal due to the FRBNY, interest due to the FRBNY, and deferred
payment and interest due to AIG subsidiaries. Any remaining funds will be shared by the FRBNY and AIG subsidiaries.

 
6. Information on Principal Accounts of Maiden Lane III LLC
Millions of dollars
                                                                                                                        Wednesday   
Account name                                                                                                           Nov 17, 2010 
 
Net portfolio holdings of Maiden Lane III LLC (1)                                                                         23,339

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                 13,922
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                         524
Outstanding principal amount and accrued interest on loan payable to American International Group, Inc. (3)                5,345
 
1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to
   be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of
   September 30, 2010. Any assets purchased after this valuation date are initially recorded at cost until their estimated fair
   value as of the purchase date becomes available.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent
   with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 10.
3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities
   and accrued dividends in table 9 and table 10.

Note: On November 25, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden Lane III LLC under the
authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to purchase multi-sector
collateralized debt obligations (CDOs) on which the Financial Products group of American International Group, Inc. (AIG) has written
credit default swap (CDS) contracts. In connection with the purchase of CDOs, the CDS counterparties will concurrently unwind the
related CDS transactions. Payments by Maiden Lane III LLC from the proceeds of the net portfolio holdings will be made in the
following order: operating expenses of Maiden Lane III LLC, principal due to the FRBNY, interest due to the FRBNY, principal due to
AIG, and interest due to AIG. Any remaining funds will be shared by the FRBNY and AIG.

 
7. Information on Principal Accounts of TALF LLC
Millions of dollars
                                                                                                                        Wednesday   
Account name                                                                                                           Nov 17, 2010 
 
Asset-backed securities holdings (1)                                                                                           0
Other investments, net                                                                                                       622
Net portfolio holdings of TALF LLC                                                                                           622

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                      0
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                           0
Funding provided by U.S. Treasury to TALF LLC, including accrued interest payable (3)                                        106
 
1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to
   be conducted in an orderly market on the measurement date.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent
   with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 10.
3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities
   and accrued dividends in table 9 and table 10.

Note: On November 25, 2008, the Federal Reserve announced the creation of the Term Asset-Backed Securities Loan Facility (TALF)
under the authority of section 13(3) of the Federal Reserve Act. The TALF is a facility under which the Federal Reserve Bank of New
York (FRBNY) extends loans with a term of up to five years to holders of eligible asset-backed securities. The TALF is intended to
assist financial markets in accommodating the credit needs of consumers and businesses by facilitating the issuance of asset-backed
securities collateralized by a variety of consumer and business loans. The loans provided through the TALF to eligible borrowers are
non-recourse, meaning that the obligation of the borrower can be discharged by surrendering the collateral to the FRBNY. The loans
are extended for the market value of the security less an amount known as a haircut. As a result, the borrower bears the initial
risk of a decline in the value of the security.

TALF LLC is a limited liability company formed to purchase and manage any asset-backed securities received by the FRBNY in
connection with the decision of a borrower not to repay a TALF loan. TALF LLC has committed, for a fee, to purchase all asset-backed
securities received by the FRBNY in conjunction with a TALF loan at a price equal to the TALF loan plus accrued but unpaid interest.
Losses on asset-backed securities held by TALF LLC will be offset in the following order: by the commitment fees collected by TALF
LLC, by the interest received on investments of TALF LLC, by up to $4.3 billion in subordinated debt funding provided by the U.S.
Treasury, and finally, by senior debt funding provided by the FRBNY. Payments by TALF LLC from the proceeds of its net portfolio
holdings will be made in the following order: operating expenses of TALF LLC, principal due to the FRBNY, principal due to the U.S.
Treasury, interest due to the FRBNY, and interest due to the U.S. Treasury. Any remaining funds will be shared by the FRBNY and the
U.S. Treasury.

 
8. Supplemental Information on the Federal Reserve Bank of New York's Preferred Interests in
AIA Aurora LLC and ALICO Holdings LLC
Millions of dollars
                                                                                                                        Wednesday   
Account name                                                                                                           Nov 17, 2010 
 
Preferred interests in AIA Aurora LLC and ALICO Holdings LLC (1)                                                          26,057
Accrued dividends on preferred interests in AIA Aurora LLC and ALICO Holdings LLC (2)                                        171

Preferred interests in AIA Aurora LLC (1)                                                                                 16,676
Accrued dividends on preferred interests in AIA Aurora LLC (2)                                                               110

Preferred interests in ALICO Holdings LLC (1)                                                                              9,380
Accrued dividends on preferred interests in ALICO Holdings LLC (2)                                                            62
 
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   Nov 17, 2010   Wednesday    Wednesday  
Assets, liabilities, and capital                                                      Nov 10, 2010 Nov 18, 2009
 
Assets
  Gold certificate account                                                  11,037             0            0
  Special drawing rights certificate account                                 5,200             0            0
  Coin                                                                       2,124    -       19   +       87
  Securities, repurchase agreements, term auction
     credit, and other loans                                             2,107,893    +    7,458   +  113,286
    Securities held outright (1)                                         2,060,890    +    7,131   +  284,272
      U.S. Treasury securities                                             873,618    +   20,577   +   97,091
        Bills (2)                                                           18,423             0            0
        Notes and bonds, nominal (2)                                       806,318    +   20,303   +   98,669
        Notes and bonds, inflation-indexed (2)                              43,247    +      269   -    1,396
        Inflation compensation (3)                                           5,631    +        6   -      182
      Federal agency debt securities (2)                                   148,994    -      687   -    4,055
      Mortgage-backed securities (4)                                     1,038,278    -   12,759   +  191,236
    Repurchase agreements (5)                                                    0             0            0
    Term auction credit                                                          0             0   -  109,456
    Other loans                                                             47,003    +      327   -   61,529
  Net portfolio holdings of Commercial Paper
     Funding Facility LLC (6)                                                    0             0   -   15,043
  Net portfolio holdings of Maiden Lane LLC (7)                             27,528    -      990   +    1,179
  Net portfolio holdings of Maiden Lane II LLC (8)                          16,285    +        5   +      519
  Net portfolio holdings of Maiden Lane III LLC (9)                         23,339    +       18   +      388
  Net portfolio holdings of TALF LLC (10)                                      622             0   +      391
  Preferred interests in AIA Aurora LLC and ALICO
     Holdings LLC (11)                                                      26,057             0   +   26,057
  Items in process of collection                             (93)              349    +       82   -      101
  Bank premises                                                              2,225    +        1   -        3
  Central bank liquidity swaps (12)                                             65    +        5   -   28,213
  Other assets (13)                                                         94,991    -    4,601   +    7,227

Total assets                                                 (93)        2,317,716    +    1,958   +  105,777
 
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   Nov 17, 2010   Wednesday    Wednesday  
Assets, liabilities, and capital                                                      Nov 10, 2010 Nov 18, 2009
 
Liabilities
  Federal Reserve notes, net of F.R. Bank holdings                         932,377    -    1,374   +   53,020
  Reverse repurchase agreements (14)                                        54,199    -      889   -    5,707
  Deposits                                                    (0)        1,229,659    +    4,146   +   23,839
    Term deposits held by depository institutions                                0             0            0
    Other deposits held by depository institutions                         988,866    -   17,952   -  120,403
    U.S. Treasury, general account                                          38,705    +   30,438   -   23,604
    U.S. Treasury, supplementary financing account                         199,959    +        1   +  184,960
    Foreign official                                                         1,741    -       43   -    1,216
    Other                                                     (0)              387    -    8,298   -   15,898
  Deferred availability cash items                           (93)            2,309    +      104   -       35
  Other liabilities and accrued dividends (15)                              42,860    +      205   +   30,176

Total liabilities                                            (93)        2,261,404    +    2,191   +  101,293

Capital accounts
  Capital paid in                                                           26,739    +       12   +    1,377
  Surplus                                                                   25,915    +        5   +    4,484
  Other capital accounts                                                     3,658    -      250   -    1,376

Total capital                                                               56,312    -      233   +    4,484
 
Note: Components may not sum to totals because of rounding.

1. Includes securities lent to dealers under the overnight and term securities lending facilities; refer to
   table 1A.
2. Face value of the securities.
3. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed
   securities.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the
   remaining principal balance of the underlying mortgages.
5. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.
6. Includes the book value of the commercial paper, net of amortized costs and related fees, and other
   investments held by the Commercial Paper Funding Facility LLC.
7. Refer to table 4 and the note on consolidation accompanying table 10.
8. Refer to table 5 and the note on consolidation accompanying table 10.
9.  Refer to table 6 and the note on consolidation accompanying table 10.
10. Refer to table 7 and the note on consolidation accompanying table 10.
11. Refer to table 8.
12. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when
    the foreign currency is returned to the foreign central bank. This exchange rate equals the market exchange
    rate used when the foreign currency was acquired from the foreign central bank.
13. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates,
    accrued dividends on the Federal Reserve Bank of New York's (FRBNY) preferred interests in AIA Aurora LLC
    and ALICO Holdings LLC, and the fair value adjustment to credit extended by the FRBNY to eligible borrowers
    through the Term Asset-Backed Securities Loan Facility.
14. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt
    securities, and mortgage-backed securities.
15. Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to
    entities other than the Federal Reserve Bank of New York, including liabilities that have recourse only to
    the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note on consolidation
    accompanying table 10. Also includes funds from American International Group, Inc. asset dispositions, held
    as agent.


 
10. Statement of Condition of Each Federal Reserve Bank,  November 17, 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                                           2,124          65          78         170         159         321         186         327          30          58         156         226         349
  Securities, repurchase agreements,
     term auction credit, and other
     loans                                   2,107,893      52,159     887,824      48,128      70,021     234,713     195,020     155,364      53,085      28,225      70,703      86,541     226,111
    Securities held outright (1)             2,060,890      52,154     840,952      48,128      70,020     234,713     195,017     155,363      53,085      28,213      70,697      86,538     226,010
      U.S. Treasury securities                 873,618      22,108     356,482      20,402      29,682      99,496      82,668      65,859      22,503      11,960      29,969      36,684      95,806
        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)                    855,195      21,642     348,965      19,971      29,056      97,398      80,925      64,470      22,028      11,707      29,337      35,910      93,786
      Federal agency debt securities (2)       148,994       3,771      60,797       3,479       5,062      16,969      14,099      11,232       3,838       2,040       5,111       6,256      16,340
      Mortgage-backed securities (4)         1,038,278      26,275     423,672      24,247      35,276     118,249      98,250      78,272      26,744      14,214      35,617      43,598     113,864
    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                                 47,003           5      46,872           0           0           0           3           1           0          12           6           3         102
  Net portfolio holdings of Commercial
     Paper Funding Facility LLC (6)                  0           0           0           0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of Maiden
     Lane LLC (7)                               27,528           0      27,528           0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of Maiden
     Lane II LLC (8)                            16,285           0      16,285           0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of Maiden
     Lane III LLC (9)                           23,339           0      23,339           0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of TALF LLC (10)          622           0         622           0           0           0           0           0           0           0           0           0           0
  Preferred interests in AIA Aurora LLC
     and ALICO Holdings LLC (11)                26,057           0      26,057           0           0           0           0           0           0           0           0           0           0
  Items in process of collection                   443           9           0          50         111          55          51          44          21           8          21          38          34
  Bank premises                                  2,225         128         255          69         141         239         217         210         135         107         265         246         213
  Central bank liquidity swaps (12)                 65           2          19           7           5          18           4           2           1           2           1           1           4
  Other assets (13)                             94,991       2,723      35,792       4,467       4,278      15,102       8,079       5,767       2,040       1,693       2,571       3,255       9,224
  Interdistrict settlement account                   0   +   3,926   +  95,565   +  25,381   -  13,842   -  23,182   -  36,186   -  30,134   -  11,634   -   2,474   -   9,402   +   1,422   +     560

Total assets                                 2,317,809      59,578   1,119,220      78,885      61,572     228,524     169,411     132,891      44,153      27,913      64,763      92,662     238,240
 
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,  November 17, 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          1,126,776      41,157     385,614      45,810      45,953      89,570     142,498      87,373      32,740      20,199      33,566      76,366     125,931
    Less: Notes held by F.R. Banks             194,399       4,473      75,318       5,168       7,487      13,247      24,620      12,105       4,262       5,665       3,297      11,480      27,277
      Federal Reserve notes, net               932,377      36,684     310,296      40,642      38,466      76,323     117,878      75,268      28,479      14,534      30,269      64,885      98,654
  Reverse repurchase agreements (14)            54,199       1,372      22,116       1,266       1,841       6,173       5,129       4,086       1,396         742       1,859       2,276       5,944
  Deposits                                   1,229,659      19,373     731,639      30,844      16,614     132,563      42,566      51,530      13,542      10,484      31,845      24,289     124,369
    Term deposits held by depository
       institutions                                  0           0           0           0           0           0           0           0           0           0           0           0           0
    Other deposits held by depository
       institutions                            988,866      19,345     491,049      30,839      16,610     132,440      42,563      51,513      13,539      10,483      31,844      24,288     124,352
    U.S. Treasury, general account              38,705           0      38,705           0           0           0           0           0           0           0           0           0           0
    U.S. Treasury, supplementary
       financing account                       199,959           0     199,959           0           0           0           0           0           0           0           0           0           0
    Foreign official                             1,741           1       1,713           4           3          11           2           1           0           1           0           1           3
    Other                                          387          26         213           0           1         113           0          15           3           0           1           0          14
  Deferred availability cash items               2,403          76          12         246         515          97         120         179          73         392         120         113         460
  Other liabilities and accrued
     dividends (15)                             42,860         203      39,100         251         268         759         507         419         185         144         186         261         577

Total liabilities                            2,261,497      57,706   1,103,163      73,249      57,704     215,915     166,200     131,482      43,675      26,296      64,280      91,824     230,003

Capital
  Capital paid in                               26,739         916       7,677       2,831       1,928       5,435       1,555         671         215         806         228         400       4,077
  Surplus                                       25,915         946       7,710       2,804       1,911       7,141       1,581         621         239         712         210         353       1,688
  Other capital                                  3,658           9         670           1          30          33          74         117          24          98          46          84       2,471

Total liabilities and capital                2,317,809      59,578   1,119,220      78,885      61,572     228,524     169,411     132,891      44,153      27,913      64,763      92,662     238,240
 
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,  November 17, 2010 (continued)
1. Includes securities lent to dealers under the overnight and term securities lending facilities; refer to table 1A.
2. Face value of the securities.
3. Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face value of such securities.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the underlying mortgages.
5. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.
6. Includes the book value of the commercial paper, net of amortized costs and related fees, and other investments held by the Commercial Paper Funding Facility LLC.
7. Refer to table 4 and the note on consolidation below.
8. Refer to table 5 and the note on consolidation below.
9.  Refer to table 6 and the note on consolidation below.
10. Refer to table 7 and the note on consolidation below.
11. Refer to table 8.
12. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals
    the market exchange rate used when the foreign currency was acquired from the foreign central bank.
13. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates, accrued dividends on the Federal Reserve Bank of New York's (FRBNY) preferred interests
    in AIA Aurora LLC and ALICO Holdings LLC, and the fair value adjustment to credit extended by the FRBNY to eligible borrowers through the Term Asset-Backed Securities Loan Facility.
14. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.
15. Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to entities other than the Federal Reserve Bank of New York, including liabilities that have
    recourse only to the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note on consolidation below. Also includes funds from American International Group, Inc. asset
    dispositions, held as agent.


Note on consolidation:

The Federal Reserve Bank of New York (FRBNY) has extended loans to several limited liability companies under the authority of section 13(3) of the Federal Reserve Act. On June 26, 2008, a loan was
extended to Maiden Lane LLC, which was formed to acquire certain assets of Bear Stearns. On November 25, 2008, a loan was extended to Maiden Lane III LLC, which was formed to purchase multi-sector
collateralized debt obligations on which the Financial Products group of the American International Group, Inc. has written credit default swap contracts. On December 12, 2008, a loan was extended to
Maiden Lane II LLC, which was formed to purchase residential mortgage-backed securities from the U.S. securities lending reinvestment portfolio of subsidiaries of American International Group, Inc.
On November 25, 2008, the Federal Reserve Board authorized the FRBNY to extend credit to TALF LLC, which was formed to purchase and manage any asset-backed securities received by the FRBNY in
connection with the decision of a borrower not to repay a loan extended under the Term Asset-Backed Securities Loan Facility.

The FRBNY is the primary beneficiary of TALF LLC, because of the two beneficiaries of the LLC, the FRBNY and the U.S. Treasury, the FRBNY is primarily responsible for directing the financial
activities of TALF LLC. The FRBNY is the primary beneficiary of the other LLCs cited above because it will receive a majority of any residual returns of the LLCs and absorb a majority of any residual
losses of the LLCs. Consistent with generally accepted accounting principles, the assets and liabilities of these LLCs have been consolidated with the assets and liabilities of the FRBNY in the
preparation of the statements of condition shown on this release. As a consequence of the consolidation, the extensions of credit from the FRBNY to the LLCs are eliminated, the net assets of the LLCs
appear as assets on the previous page (and in table 1 and table 9), and the liabilities of the LLCs to entities other than the FRBNY, including those with recourse only to the portfolio holdings of
the LLCs, are included in other liabilities in this table (and table 1 and table 9).

 
11. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts
Millions of dollars
                                                                                            Wednesday   
Federal Reserve notes and collateral                                                       Nov 17, 2010 
 
Federal Reserve notes outstanding                                                          1,126,776
  Less: Notes held by F.R. Banks not subject to collateralization                            194,399
    Federal Reserve notes to be collateralized                                               932,377
Collateral held against Federal Reserve notes                                                932,377
  Gold certificate account                                                                    11,037
  Special drawing rights certificate account                                                   5,200
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   916,140
  Other assets pledged                                                                             0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                     2,060,890
  Less: Face value of securities under reverse repurchase agreements                          48,509
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged      2,012,381
 
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.

Release dates | Historical data | Data Download Program (DDP) | About | Announcements
Current release  Other formats: Screen reader | ASCII | PDF (21 KB)

Statistical releases