For release at 4:30 P.M. EDT October 27, 2011 The weekly average values, shown in table 1, reflect the September 30, 2011, quarterly updates to the fair values of the net portfolio holdings of Maiden Lane LLC, Maiden Lane II LLC, and Maiden Lane III LLC, and the fair value adjustment of the Term Asset-Backed Securities Loan Facility, or TALF, which is included in "Other Federal Reserve assets." The amounts for the first six days of this reporting week are based on the values as of June 30, 2011, and the amounts for the last day of the reporting week are based on the values as of September 30, 2011. FEDERAL RESERVE statistical release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks October 27, 2011 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 Oct 26, 2011 Federal Reserve Banks Oct 26, 2011 Oct 19, 2011 Oct 27, 2010 Reserve Bank credit 2,832,936 - 4,886 + 550,177 2,828,719 Securities held outright (1) 2,636,744 - 4,338 + 592,843 2,634,941 U.S. Treasury securities 1,670,907 + 4,945 + 836,630 1,678,012 Bills (2) 18,423 0 0 18,423 Notes and bonds, nominal (2) 1,575,160 + 6,089 + 807,885 1,582,247 Notes and bonds, inflation-indexed (2) 67,596 - 978 + 24,618 67,596 Inflation compensation (3) 9,729 - 166 + 4,129 9,747 Federal agency debt securities (2) 107,668 - 343 - 42,511 107,668 Mortgage-backed securities (4) 858,169 - 8,939 - 201,276 849,261 Repurchase agreements (5) 0 0 0 0 Loans 11,096 - 164 - 36,748 11,004 Primary credit 4 + 1 - 20 1 Secondary credit 0 0 0 1 Seasonal credit 38 - 4 + 6 38 Credit extended to American International Group, Inc., net (6) 0 0 - 19,273 0 Term Asset-Backed Securities Loan Facility (7) 11,053 - 162 - 17,463 10,964 Other credit extensions 0 0 0 0 Net portfolio holdings of Maiden Lane LLC (8) 13,093 - 1,397 - 14,877 12,929 Net portfolio holdings of Maiden Lane II LLC (9) 9,803 - 53 - 5,993 9,472 Net portfolio holdings of Maiden Lane III LLC (10) 20,416 - 672 - 2,526 18,015 Net portfolio holdings of TALF LLC (11) 793 + 8 + 171 794 Preferred interests in AIA Aurora LLC and ALICO Holdings LLC (6) 0 0 - 26,057 0 Float -1,016 + 77 + 506 -788 Central bank liquidity swaps (12) 1,853 0 + 1,793 1,853 Other Federal Reserve assets (13) 140,154 + 1,651 + 41,066 140,499 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 5,200 0 0 5,200 Treasury currency outstanding (14) 44,146 + 14 + 697 44,146 Total factors supplying reserve funds 2,893,323 - 4,872 + 550,874 2,889,105 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 Oct 26, 2011 Federal Reserve Banks Oct 26, 2011 Oct 19, 2011 Oct 27, 2010 Currency in circulation (14) 1,041,873 - 943 + 80,490 1,043,254 Reverse repurchase agreements (15) 80,396 + 40 + 23,507 81,316 Foreign official and international accounts 80,396 + 40 + 25,120 81,316 Others 0 0 - 1,613 0 Treasury cash holdings 142 - 1 - 79 124 Deposits with F.R. Banks, other than reserve balances 131,396 + 28,602 - 116,934 111,469 Term deposits held by depository institutions 0 - 5,077 - 5,113 0 U.S. Treasury, General Account 64,369 + 20,966 + 26,450 55,187 U.S. Treasury, Supplementary Financing Account 0 0 - 199,961 0 Foreign official 129 - 1 - 2,049 132 Service-related 2,510 - 2 + 114 2,510 Required clearing balances 2,510 - 2 + 114 2,510 Adjustments to compensate for float 0 0 0 0 Other 64,388 + 12,716 + 63,626 53,640 Funds from American International Group, Inc. asset dispositions, held as agent (6) 0 0 0 0 Other liabilities and capital (16) 71,081 - 939 - 1,335 67,368 Total factors, other than reserve balances, absorbing reserve funds 1,324,888 + 26,760 - 14,351 1,303,530 Reserve balances with Federal Reserve Banks 1,568,435 - 31,631 + 565,225 1,585,575 Note: Components may not sum to totals because of rounding. 1. Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A. 2. Face value of the securities. 3. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed securities. 4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the underlying mortgages. 5. Cash value of agreements. 6. As a result of the closing of the American International Group, Inc. (AIG) recapitalization plan on January 14, 2011, the credit extended to AIG was fully repaid and the Federal Reserve's commitment to lend any further funds was terminated. In addition, the Federal Reserve Bank of New York (FRBNY) has been paid in full for its preferred interests in AIA Aurora LLC and ALICO Holdings LLC. The funds from AIG asset dispositions that FRBNY held as agent were the source of repayment of the credit extended to AIG, as well as a portion of the FRBNY's preferred interests in ALICO Holdings LLC. The remaining FRBNY preferred interests in ALICO Holdings LLC and AIA Aurora LLC, valued at approximately $20 billion, were purchased by AIG through a draw on the Treasury's Series F preferred stock commitment and then transferred by AIG to the Treasury as consideration for the draw on the available Series F funds. 7. Includes credit extended by the Federal Reserve Bank of New York to eligible borrowers through the Term Asset-Backed Securities Loan Facility. 8. Refer to table 4 and the note on consolidation accompanying table 9. 9. Refer to table 5 and the note on consolidation accompanying table 9. 10. Refer to table 6 and the note on consolidation accompanying table 9. 11. Refer to table 7 and the note on consolidation accompanying table 9. 12. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the foreign central bank. 13. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates, and the fair value adjustment to credit extended by the FRBNY to eligible borrowers through the Term Asset-Backed Securities Loan Facility. Before the closing of the AIG recapitalization plan on January 14, 2011, included accrued dividends on the FRBNY's preferred interests in AIA Aurora LLC and ALICO Holdings LLC. 14. Estimated. 15. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities. 16. 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 9. Also includes the liability for interest on Federal Reserve notes due to U.S. Treasury. Refer to table 8 and table 9. 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 Oct 26, 2011 Memorandum item Oct 26, 2011 Oct 19, 2011 Oct 27, 2010 Marketable securities held in custody for foreign official and international accounts (1) 3,397,254 - 11,505 + 103,181 3,391,830 U.S. Treasury securities 2,675,128 - 10,853 + 112,951 2,669,910 Federal agency securities (2) 722,126 - 652 - 9,770 721,921 Securities lent to dealers 12,720 + 1,413 + 7,268 13,996 Overnight facility (3) 12,720 + 1,413 + 7,268 13,996 U.S. Treasury securities 11,746 + 1,697 + 7,458 13,044 Federal agency debt securities 974 - 284 - 190 952 Note: Components may not sum to totals because of rounding. 1. Face value of the securities. Includes U.S. Treasury STRIPS and other zero-coupon bonds at face value and mortgage-backed securities at original face value. 2. Includes debt and mortgage-backed securities. 3. Fully collateralized by U.S. Treasury securities. 2. Maturity Distribution of Securities, Loans, and Selected Other Assets and Liabilities, October 26, 2011 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 Loans (1) 39 1 4,132 6,832 0 ... 11,004 U.S. Treasury securities (2) Holdings 16,515 26,737 117,752 697,690 607,404 211,914 1,678,012 Weekly changes - 3,520 + 3,520 - 352 - 8,505 + 14,088 + 2,525 + 7,756 Federal agency debt securities (3) Holdings 0 6,170 19,596 63,409 16,146 2,347 107,668 Weekly changes 0 0 + 844 - 844 0 0 0 Mortgage-backed securities (4) Holdings 0 0 0 13 21 849,227 849,261 Weekly changes 0 0 0 0 - 1 - 12,813 - 12,814 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) 500 1,353 0 0 0 0 1,853 Reverse repurchase agreements (6) 81,316 0 ... ... ... ... 81,316 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 Millions of dollars Wednesday Account name Oct 26, 2011 Mortgage-backed securities held outright (1) 849,261 Commitments to buy mortgage-backed securities (2) 20,500 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 8 and table 9. 4. Information on Principal Accounts of Maiden Lane LLC Millions of dollars Wednesday Account name Oct 26, 2011 Net portfolio holdings of Maiden Lane LLC (1) 12,929 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 9,882 Accrued interest payable to the Federal Reserve Bank of New York (2) 745 Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3) 1,372 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, 2011. 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 9. 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 8 and table 9. 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 Oct 26, 2011 Net portfolio holdings of Maiden Lane II LLC (1) 9,472 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 6,507 Accrued interest payable to the Federal Reserve Bank of New York (2) 553 Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc. (3) 1,100 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, 2011. 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 9. 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 8 and table 9. 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 Oct 26, 2011 Net portfolio holdings of Maiden Lane III LLC (1) 18,015 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 9,739 Accrued interest payable to the Federal Reserve Bank of New York (2) 669 Outstanding principal amount and accrued interest on loan payable to American International Group, Inc. (3) 5,509 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, 2011. 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 9. 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 8 and table 9. 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 Oct 26, 2011 Asset-backed securities holdings (1) 0 Other investments, net 794 Net portfolio holdings of TALF LLC 794 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) 109 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 9. 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 8 and table 9. 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. Consolidated Statement of Condition of All Federal Reserve Banks Millions of dollars Eliminations from Wednesday Change since consolidation Oct 26, 2011 Wednesday Wednesday Assets, liabilities, and capital Oct 19, 2011 Oct 27, 2010 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 5,200 0 0 Coin 2,346 + 63 + 158 Securities, repurchase agreements, and loans 2,645,944 - 5,311 + 559,814 Securities held outright (1) 2,634,941 - 5,059 + 596,375 U.S. Treasury securities 1,678,012 + 7,756 + 840,164 Bills (2) 18,423 0 0 Notes and bonds, nominal (2) 1,582,247 + 7,707 + 811,406 Notes and bonds, inflation-indexed (2) 67,596 0 + 24,618 Inflation compensation (3) 9,747 + 49 + 4,141 Federal agency debt securities (2) 107,668 0 - 42,013 Mortgage-backed securities (4) 849,261 - 12,814 - 201,776 Repurchase agreements (5) 0 0 0 Loans 11,004 - 251 - 36,560 Net portfolio holdings of Maiden Lane LLC (6) 12,929 - 191 - 15,540 Net portfolio holdings of Maiden Lane II LLC (7) 9,472 - 386 - 7,000 Net portfolio holdings of Maiden Lane III LLC (8) 18,015 - 2,802 - 5,517 Net portfolio holdings of TALF LLC (9) 794 + 9 + 172 Preferred interests in AIA Aurora LLC and ALICO Holdings LLC (10) 0 0 - 26,057 Items in process of collection (93) 329 + 67 + 45 Bank premises 2,186 + 3 - 40 Central bank liquidity swaps (11) 1,853 0 + 1,793 Other assets (12) 138,270 + 1,746 + 42,113 Total assets (93) 2,848,375 - 6,802 + 549,941 Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table. 8. Consolidated Statement of Condition of All Federal Reserve Banks (continued) Millions of dollars Eliminations from Wednesday Change since consolidation Oct 26, 2011 Wednesday Wednesday Assets, liabilities, and capital Oct 19, 2011 Oct 27, 2010 Liabilities Federal Reserve notes, net of F.R. Bank holdings 1,001,574 + 421 + 79,249 Reverse repurchase agreements (13) 81,316 + 848 + 25,764 Deposits (0) 1,697,001 - 4,495 + 451,726 Term deposits held by depository institutions 0 - 5,077 - 5,113 Other deposits held by depository institutions 1,588,042 + 16,356 + 577,437 U.S. Treasury, General Account 55,187 - 13,205 + 27,958 U.S. Treasury, Supplementary Financing Account 0 0 - 199,961 Foreign official 132 - 6 - 1,569 Other (0) 53,640 - 2,563 + 52,975 Deferred availability cash items (93) 1,117 - 279 - 949 Other liabilities and accrued dividends (14) 15,311 - 3,313 - 591 Total liabilities (93) 2,796,319 - 6,817 + 555,199 Capital accounts Capital paid in 26,028 + 8 - 687 Surplus 26,028 + 8 + 130 Other capital accounts 0 0 - 4,700 Total capital 52,057 + 17 - 5,256 Note: Components may not sum to totals because of rounding. 1. Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A. 2. Face value of the securities. 3. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed securities. 4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the underlying mortgages. 5. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities. 6. Refer to table 4 and the note on consolidation accompanying table 9. 7. Refer to table 5 and the note on consolidation accompanying table 9. 8. Refer to table 6 and the note on consolidation accompanying table 9. 9. Refer to table 7 and the note on consolidation accompanying table 9. 10. As a result of the closing of the AIG recapitalization plan on January 14, 2011, the Federal Reserve Bank of New York has been paid in full for its preferred interests in AIA Aurora LLC and ALICO Holdings LLC. A portion of the preferred interests was redeemed by AIG with the funds from AIG asset dispositions that were held as agent by the Federal Reserve. 11. 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. 12. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates and the fair value adjustment to credit extended by the Federal Reserve Bank of New York (FRBNY) to eligible borrowers through the Term Asset-Backed Securities Loan Facility. Before the closing of the AIG recapitalization plan on January 14, 2011, included accrued dividends on the FRBNY's preferred interests in AIA Aurora LLC and ALICO Holdings LLC. 13. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities. 14. 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 9. Also includes the liability for interest on Federal Reserve notes due to U.S. Treasury. Before the closing of the AIG recapitalization plan on January 14, 2011, included funds from American International Group, Inc. asset dispositions, held as agent. 9. Statement of Condition of Each Federal Reserve Bank, October 26, 2011 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 11,037 390 3,866 432 450 872 1,394 854 319 197 318 728 1,217 Special drawing rights certificate acct. 5,200 196 1,818 210 237 412 654 424 150 90 153 282 574 Coin 2,346 59 86 165 172 393 214 341 34 58 172 243 410 Securities, repurchase agreements, and loans 2,645,944 64,784 1,236,325 90,263 71,175 304,309 195,889 156,483 49,873 40,511 70,106 104,212 262,015 Securities held outright (1) 2,634,941 64,784 1,225,360 90,263 71,175 304,309 195,888 156,477 49,872 40,495 70,091 104,212 262,015 U.S. Treasury securities 1,678,012 41,256 780,347 57,482 45,327 193,793 124,748 99,649 31,760 25,789 44,636 66,366 166,859 Bills (2) 18,423 453 8,567 631 498 2,128 1,370 1,094 349 283 490 729 1,832 Notes and bonds (3) 1,659,589 40,803 771,780 56,851 44,829 191,666 123,378 98,555 31,411 25,505 44,146 65,637 165,027 Federal agency debt securities (2) 107,668 2,647 50,070 3,688 2,908 12,435 8,004 6,394 2,038 1,655 2,864 4,258 10,706 Mortgage-backed securities (4) 849,261 20,880 394,943 29,092 22,940 98,081 63,136 50,434 16,074 13,052 22,591 33,588 84,449 Repurchase agreements (5) 0 0 0 0 0 0 0 0 0 0 0 0 0 Loans 11,004 0 10,964 0 0 0 1 6 1 16 15 0 0 Net portfolio holdings of Maiden Lane LLC (6) 12,929 0 12,929 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of Maiden Lane II LLC (7) 9,472 0 9,472 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of Maiden Lane III LLC (8) 18,015 0 18,015 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of TALF LLC (9) 794 0 794 0 0 0 0 0 0 0 0 0 0 Preferred interests in AIA Aurora LLC and ALICO Holdings LLC (10) 0 0 0 0 0 0 0 0 0 0 0 0 0 Items in process of collection 421 32 0 57 104 4 34 25 4 15 6 18 123 Bank premises 2,186 122 258 67 126 233 214 207 135 106 260 246 212 Central bank liquidity swaps (11) 1,853 64 537 179 137 380 106 47 15 57 17 28 285 Other assets (12) 138,270 3,698 59,330 6,447 5,027 18,464 9,837 7,275 2,357 2,584 3,209 4,834 15,206 Interdistrict settlement account 0 + 6,083 + 296,858 - 11,772 - 6,374 - 153,693 - 36,982 - 14,648 - 8,929 - 17,034 - 19,501 + 2,659 - 36,668 Total assets 2,848,468 75,428 1,640,289 86,048 71,055 171,374 171,361 151,008 43,958 26,584 54,740 113,250 243,373 Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table. 9. Statement of Condition of Each Federal Reserve Bank, October 26, 2011 (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 1,177,317 43,261 394,786 46,387 54,718 95,615 146,238 90,173 33,839 21,016 34,918 80,769 135,598 Less: Notes held by F.R. Banks 175,743 5,726 48,139 7,046 9,834 12,292 26,981 13,256 4,561 5,535 4,088 11,645 26,641 Federal Reserve notes, net 1,001,574 37,535 346,646 39,341 44,883 83,323 119,257 76,918 29,278 15,481 30,830 69,125 108,957 Reverse repurchase agreements (13) 81,316 1,999 37,815 2,786 2,197 9,391 6,045 4,829 1,539 1,250 2,163 3,216 8,086 Deposits 1,697,001 33,696 1,229,282 38,591 19,524 66,599 42,500 67,208 12,451 9,242 20,970 39,740 117,198 Term deposits held by depository institutions 0 0 0 0 0 0 0 0 0 0 0 0 0 Other deposits held by depository institutions 1,588,042 33,683 1,120,537 38,587 19,520 66,421 42,535 67,176 12,447 9,239 20,969 39,739 117,189 U.S. Treasury, General Account 55,187 0 55,187 0 0 0 0 0 0 0 0 0 0 U.S. Treasury, Supplementary Financing Account 0 0 0 0 0 0 0 0 0 0 0 0 0 Foreign official 132 1 103 4 3 8 2 1 0 1 0 1 6 Other 53,640 12 53,454 0 1 170 -38 31 4 2 1 0 3 Deferred availability cash items 1,209 77 0 188 166 34 66 79 43 228 55 60 211 Interest on Federal Reserve notes due to U.S. Treasury (14) -661 48 -1,603 69 55 201 119 99 30 30 45 63 182 Other liabilities and accrued dividends (15) 15,972 186 12,551 258 264 701 425 353 165 134 159 256 519 Total liabilities 2,796,411 73,542 1,624,691 81,233 67,089 160,249 168,413 149,486 43,507 26,365 54,223 112,459 235,154 Capital Capital paid in 26,028 943 7,799 2,408 1,983 5,562 1,474 761 226 110 259 396 4,110 Surplus 26,028 943 7,799 2,408 1,983 5,562 1,474 761 226 110 259 396 4,110 Other capital 0 0 0 0 0 0 0 0 0 0 0 0 0 Total liabilities and capital 2,848,468 75,428 1,640,289 86,048 71,055 171,374 171,361 151,008 43,958 26,584 54,740 113,250 243,373 Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table. 9. Statement of Condition of Each Federal Reserve Bank, October 26, 2011 (continued) 1. Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A. 2. Face value of the securities. 3. Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face value of such securities. 4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the underlying mortgages. 5. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities. 6. Refer to table 4 and the note on consolidation below. 7. Refer to table 5 and the note on consolidation below. 8. Refer to table 6 and the note on consolidation below. 9. Refer to table 7 and the note on consolidation below. 10. As a result of the closing of the AIG recapitalization plan on January 14, 2011, the Federal Reserve Bank of New York has been paid in full for its preferred interests in AIA Aurora LLC and ALICO Holdings LLC. A portion of the preferred interests was redeemed by AIG with the funds from AIG asset dispositions that were held as agent by the Federal Reserve. 11. 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. 12. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates and the fair value adjustment to credit extended by the Federal Reserve Bank of New York (FRBNY) to eligible borrowers through the Term Asset-Backed Securities Loan Facility. Before the closing of the AIG recapitalization plan on January 14, 2011, included accrued dividends on the FRBNY's preferred interests in AIA Aurora LLC and ALICO Holdings LLC. 13. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities. 14. Represents the estimated weekly remittances to U.S Treasury as interest on Federal Reserve notes or, in those cases where the Reserve Bank's net earnings are not sufficient to equate surplus to capital paid-in, the deferred asset for interest on Federal Reserve notes. The amount of any deferred asset, which is presented as a negative amount in this line, represents the amount of the Federal Reserve Bank's earnings that must be retained before remittances to the U.S. Treasury resume. The amounts on this line are calculated in accordance with Board of Governors policy, which requires the Federal Reserve Banks to remit residual earnings to the U.S. Treasury as interest on Federal Reserve notes after providing for the costs of operations, payment of dividends, and the amount necessary to equate surplus with capital paid-in. 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. Before the closing of the AIG recapitalization plan on January 14, 2011, included 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 8), 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 8). 10. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts Millions of dollars Wednesday Federal Reserve notes and collateral Oct 26, 2011 Federal Reserve notes outstanding 1,177,317 Less: Notes held by F.R. Banks not subject to collateralization 175,743 Federal Reserve notes to be collateralized 1,001,574 Collateral held against Federal Reserve notes 1,001,574 Gold certificate account 11,037 Special drawing rights certificate account 5,200 U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 985,337 Other assets pledged 0 Memo: Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 2,634,941 Less: Face value of securities under reverse repurchase agreements 71,709 U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 2,563,232 Note: Components may not sum to totals because of rounding. 1. Includes face value of U.S. Treasury, agency debt, and mortgage-backed securities held outright, compensation to adjust for the effect of inflation on the original face value of inflation-indexed securities, and cash value of repurchase agreements. 2. Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.