FEDERAL RESERVE statistical release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks September 30, 2010 1. Factors Affecting Reserve Balances of Depository Institutions Millions of dollars Reserve Bank credit, related items, and Averages of daily figures Wednesday reserve balances of depository institutions at Week ended Change from week ended Sep 29, 2010 Federal Reserve Banks Sep 29, 2010 Sep 22, 2010 Sep 30, 2009 Reserve Bank credit 2,287,672 + 1,154 + 167,399 2,281,327 Securities held outright (1) 2,049,195 + 1,749 + 460,821 2,044,313 U.S. Treasury securities 808,932 + 7,730 + 42,804 811,669 Bills (2) 18,423 0 0 18,423 Notes and bonds, nominal (2) 743,219 + 7,641 + 45,789 745,442 Notes and bonds, inflation-indexed (2) 41,847 + 79 - 2,741 42,318 Inflation compensation (3) 5,443 + 10 - 245 5,486 Federal agency debt securities (2) 154,105 - 59 + 24,055 154,105 Mortgage-backed securities (4) 1,086,158 - 5,921 + 393,962 1,078,539 Repurchase agreements (5) 0 0 0 0 Term auction credit 0 0 - 178,379 0 Other loans 50,630 - 1,859 - 59,205 49,773 Primary credit 25 + 5 - 27,952 99 Secondary credit 0 0 - 503 0 Seasonal credit 72 - 5 - 45 77 Asset-Backed Commercial Paper Money Market Mutual Fund Liquidity Facility 0 0 - 79 0 Credit extended to American International Group, Inc., net (6) 19,309 - 648 - 18,997 18,904 Term Asset-Backed Securities Loan Facility (7) 31,224 - 1,210 - 11,630 30,694 Other credit extensions 0 0 0 0 Net portfolio holdings of Commercial Paper Funding Facility LLC (8) 0 0 - 41,928 0 Net portfolio holdings of Maiden Lane LLC (9) 28,447 + 8 + 2,248 28,470 Net portfolio holdings of Maiden Lane II LLC (10) 15,831 + 11 + 1,156 15,875 Net portfolio holdings of Maiden Lane III LLC (11) 23,031 + 9 + 2,475 23,040 Net portfolio holdings of TALF LLC (12) 601 + 18 + 601 601 Preferred interests in AIA Aurora LLC and ALICO Holdings LLC (13) 25,733 0 + 25,733 25,733 Float -1,623 + 28 + 188 -1,823 Central bank liquidity swaps (14) 61 0 - 56,695 61 Other Federal Reserve assets (15) 95,766 + 1,188 + 10,385 95,284 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 5,200 0 0 5,200 Treasury currency outstanding (16) 43,378 + 14 + 814 43,378 Total factors supplying reserve funds 2,347,291 + 1,168 + 168,214 2,340,946 Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table. 1. Factors Affecting Reserve Balances of Depository Institutions (continued) Millions of dollars Reserve Bank credit, related items, and Averages of daily figures Wednesday reserve balances of depository institutions at Week ended Change from week ended Sep 29, 2010 Federal Reserve Banks Sep 29, 2010 Sep 22, 2010 Sep 30, 2009 Currency in circulation (16) 951,895 + 828 + 39,917 954,794 Reverse repurchase agreements (17) 62,529 + 605 - 7,235 67,370 Foreign official and international accounts 62,529 + 605 - 7,235 67,370 Dealers 0 0 0 0 Treasury cash holdings 230 - 14 - 58 237 Deposits with F.R. Banks, other than reserve balances 264,631 - 20,436 + 52,102 265,089 Term deposits held by depository institutions 2,119 0 + 2,119 2,119 U.S. Treasury, general account 57,576 - 19,801 + 19,666 57,829 U.S. Treasury, supplementary financing account 199,961 + 1 + 35,016 199,961 Foreign official 2,192 - 586 - 78 2,411 Service-related 2,408 - 19 - 994 2,408 Required clearing balances 2,408 - 19 - 994 2,408 Adjustments to compensate for float 0 0 0 0 Other 374 - 32 - 3,628 360 Other liabilities and capital (18) 72,818 + 440 + 12,693 71,736 Total factors, other than reserve balances, absorbing reserve funds 1,352,104 - 18,576 + 97,420 1,359,225 Reserve balances with Federal Reserve Banks 995,187 + 19,745 + 70,794 981,721 Note: Components may not sum to totals because of rounding. 1. Includes securities lent to dealers under the overnight and term securities lending facilities; refer to table 1A. 2. Face value of the securities. 3. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed securities. 4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the underlying mortgages. 5. Cash value of agreements. 6. Includes outstanding principal and capitalized interest net of unamortized deferred commitment fees and allowance for loan restructuring. Excludes credit extended to consolidated LLCs. 7. Includes credit extended by the Federal Reserve Bank of New York to eligible borrowers through the Term Asset-Backed Securities Loan Facility. 8. Includes the book value of the commercial paper, net of amortized costs and related fees, and other investments held by the Commercial Paper Funding Facility LLC. 9. Refer to table 4 and the note on consolidation accompanying table 10. 10. Refer to table 5 and the note on consolidation accompanying table 10. 11. Refer to table 6 and the note on consolidation accompanying table 10. 12. Refer to table 7 and the note on consolidation accompanying table 10. 13. Refer to table 8. 14. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the foreign central bank. 15. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates, accrued dividends on the Federal Reserve Bank of New York's (FRBNY) preferred interests in AIA Aurora LLC and ALICO Holdings LLC, and the fair value adjustment to credit extended by the FRBNY to eligible borrowers through the Term Asset-Backed Securities Loan Facility. 16. Estimated. 17. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities. 18. Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to entities other than the Federal Reserve Bank of New York, including liabilities that have recourse only to the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note on consolidation accompanying table 10. Sources: Federal Reserve Banks and the U.S. Department of the Treasury. 1A. Memorandum Items Millions of dollars Averages of daily figures Wednesday Week ended Change from week ended Sep 29, 2010 Memorandum item Sep 29, 2010 Sep 22, 2010 Sep 30, 2009 Marketable securities held in custody for foreign official and international accounts (1) 3,229,518 + 16,111 + 374,578 3,237,941 U.S. Treasury securities 2,479,509 + 16,199 + 391,583 2,485,405 Federal agency securities (2) 750,009 - 88 - 17,006 752,536 Securities lent to dealers 7,371 + 713 - 1,675 8,292 Overnight facility (3) 7,371 + 713 - 1,675 8,292 U.S. Treasury securities 5,783 + 595 - 3,038 6,708 Federal agency debt securities 1,588 + 118 + 1,362 1,584 Term facility (4) 0 0 0 0 Note: Components may not sum to totals because of rounding. 1. Face value of the securities. Includes U.S. Treasury STRIPS, other zero-coupon bonds, and mortgage-backed securities at face value. 2. Includes debt and mortgage-backed securities. 3. Fully collateralized by U.S. Treasury securities. 4. U.S. Treasury securities only. Fully collateralized by U.S. Treasury securities, federal agency securities, and other highly rated debt securities. 2. Maturity Distribution of Securities, Loans, and Selected Other Assets and Liabilities, September 29, 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) 169 7 0 49,598 0 ... 49,773 U.S. Treasury securities (2) Holdings 15,635 15,607 51,827 354,844 232,855 140,901 811,669 Weekly changes - 3,520 + 3,520 0 + 4,636 + 1,627 + 299 + 6,562 Federal agency debt securities (3) Holdings 1,923 4,722 39,192 73,175 32,746 2,347 154,105 Weekly changes + 1,923 - 1,923 0 0 0 0 0 Mortgage-backed securities (4) Holdings 0 0 0 28 20 1,078,491 1,078,539 Weekly changes 0 0 0 - 1 - 1 - 13,332 - 13,334 Asset-backed securities held by TALF LLC (5) 0 0 0 0 0 0 0 Repurchase agreements (6) 0 0 ... ... ... ... 0 Central bank liquidity swaps (7) 61 0 0 0 0 0 61 Reverse repurchase agreements (6) 67,370 0 ... ... ... ... 67,370 Term deposits 2,119 0 0 ... ... ... 2,119 Note: Components may not sum to totals because of rounding. . . . Not applicable. 1. Excludes the loans from the Federal Reserve Bank of New York (FRBNY) to Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC. The loans were eliminated when preparing the FRBNY's statement of condition consistent with consolidation under generally accepted accounting principles. 2. Face value. For inflation-indexed securities, includes the original face value and compensation that adjusts for the effect of inflation on the original face value of such securities. 3. Face value. 4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the underlying mortgages. 5. Face value of asset-backed securities held by TALF LLC, which is the remaining principal balance of the underlying assets. 6. Cash value of agreements. 7. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the foreign central bank. 3. Supplemental Information on Mortgage-Backed Securities Purchase Program Millions of dollars Wednesday Account name Sep 29, 2010 Mortgage-backed securities held outright (1) 1,078,539 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 Sep 29, 2010 Net portfolio holdings of Maiden Lane LLC (1) 28,470 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 27,639 Accrued interest payable to the Federal Reserve Bank of New York (2) 566 Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3) 1,297 1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of June 30, 2010. Any assets purchased after this valuation date are initially recorded at cost until their estimated fair value as of the purchase date becomes available. 2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 10. 3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 9 and table 10. Note: On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended credit to Maiden Lane LLC under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to acquire certain assets of Bear Stearns and to manage those assets through time to maximize repayment of the credit extended and to minimize disruption to financial markets. Payments by Maiden Lane LLC from the proceeds of the net portfolio holdings will be made in the following order: operating expenses of the LLC, principal due to the FRBNY, interest due to the FRBNY, principal due to JPMorgan Chase & Co., and interest due to JPMorgan Chase & Co. Any remaining funds will be paid to the FRBNY. 5. Information on Principal Accounts of Maiden Lane II LLC Millions of dollars Wednesday Account name Sep 29, 2010 Net portfolio holdings of Maiden Lane II LLC (1) 15,875 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 13,656 Accrued interest payable to the Federal Reserve Bank of New York (2) 408 Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc. (3) 1,062 1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of June 30, 2010. Any assets purchased after this valuation date are initially recorded at cost until their estimated fair value as of the purchase date becomes available. 2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 10. 3. Book value. The deferred payment represents the portion of the proceeds of the net portfolio holdings due to subsidiaries of American International Group, Inc. in accordance with the asset purchase agreement. The fair value of this payment and accrued interest payable are included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 9 and table 10. Note: On December 12, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden Lane II LLC under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to purchase residential mortgage-backed securities from the U.S. securities lending reinvestment portfolio of subsidiaries of American International Group, Inc. (AIG subsidiaries). Payments by Maiden Lane II LLC from the proceeds of the net portfolio holdings will be made in the following order: operating expenses of Maiden Lane II LLC, principal due to the FRBNY, interest due to the FRBNY, and deferred payment and interest due to AIG subsidiaries. Any remaining funds will be shared by the FRBNY and AIG subsidiaries. 6. Information on Principal Accounts of Maiden Lane III LLC Millions of dollars Wednesday Account name Sep 29, 2010 Net portfolio holdings of Maiden Lane III LLC (1) 23,040 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 14,638 Accrued interest payable to the Federal Reserve Bank of New York (2) 499 Outstanding principal amount and accrued interest on loan payable to American International Group, Inc. (3) 5,321 1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of June 30, 2010. Any assets purchased after this valuation date are initially recorded at cost until their estimated fair value as of the purchase date becomes available. 2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 10. 3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 9 and table 10. Note: On November 25, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden Lane III LLC under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to purchase multi-sector collateralized debt obligations (CDOs) on which the Financial Products group of American International Group, Inc. (AIG) has written credit default swap (CDS) contracts. In connection with the purchase of CDOs, the CDS counterparties will concurrently unwind the related CDS transactions. Payments by Maiden Lane III LLC from the proceeds of the net portfolio holdings will be made in the following order: operating expenses of Maiden Lane III LLC, principal due to the FRBNY, interest due to the FRBNY, principal due to AIG, and interest due to AIG. Any remaining funds will be shared by the FRBNY and AIG. 7. Information on Principal Accounts of TALF LLC Millions of dollars Wednesday Account name Sep 29, 2010 Asset-backed securities holdings (1) 0 Other investments, net 601 Net portfolio holdings of TALF LLC 601 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 0 Accrued interest payable to the Federal Reserve Bank of New York (2) 0 Funding provided by U.S. Treasury to TALF LLC, including accrued interest payable (3) 105 1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an orderly market on the measurement date. 2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 10. 3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 9 and table 10. Note: On November 25, 2008, the Federal Reserve announced the creation of the Term Asset-Backed Securities Loan Facility (TALF) under the authority of section 13(3) of the Federal Reserve Act. The TALF is a facility under which the Federal Reserve Bank of New York (FRBNY) extends loans with a term of up to five years to holders of eligible asset-backed securities. The TALF is intended to assist financial markets in accommodating the credit needs of consumers and businesses by facilitating the issuance of asset-backed securities collateralized by a variety of consumer and business loans. The loans provided through the TALF to eligible borrowers are non-recourse, meaning that the obligation of the borrower can be discharged by surrendering the collateral to the FRBNY. The loans are extended for the market value of the security less an amount known as a haircut. As a result, the borrower bears the initial risk of a decline in the value of the security. TALF LLC is a limited liability company formed to purchase and manage any asset-backed securities received by the FRBNY in connection with the decision of a borrower not to repay a TALF loan. TALF LLC has committed, for a fee, to purchase all asset-backed securities received by the FRBNY in conjunction with a TALF loan at a price equal to the TALF loan plus accrued but unpaid interest. Losses on asset-backed securities held by TALF LLC will be offset in the following order: by the commitment fees collected by TALF LLC, by the interest received on investments of TALF LLC, by up to $4.3 billion in subordinated debt funding provided by the U.S. Treasury, and finally, by senior debt funding provided by the FRBNY. Payments by TALF LLC from the proceeds of its net portfolio holdings will be made in the following order: operating expenses of TALF LLC, principal due to the FRBNY, principal due to the U.S. Treasury, interest due to the FRBNY, and interest due to the U.S. Treasury. Any remaining funds will be shared by the FRBNY and the U.S. Treasury. 8. Supplemental Information on the Federal Reserve Bank of New York's Preferred Interests in AIA Aurora LLC and ALICO Holdings LLC Millions of dollars Wednesday Account name Sep 29, 2010 Preferred interests in AIA Aurora LLC and ALICO Holdings LLC (1) 25,733 Accrued dividends on preferred interests in AIA Aurora LLC and ALICO Holdings LLC (2) 321 Preferred interests in AIA Aurora LLC (1) 16,469 Accrued dividends on preferred interests in AIA Aurora LLC (2) 205 Preferred interests in ALICO Holdings LLC (1) 9,264 Accrued dividends on preferred interests in ALICO Holdings LLC (2) 115 Note: Components may not sum to totals because of rounding. 1. Book value. 2. This amount is included in other Federal Reserve assets in table 1 and in other assets in table 9 and table 10. Note on preferred interests: In conjunction with the restructuring of the government's assistance to American International Group, Inc. (AIG) announced March 2, 2009, the outstanding balance and amount available of revolving credit provided to AIG by the FRBNY has been reduced in exchange for preferred interests in two special purpose vehicles, AIA Aurora LLC and ALICO Holdings LLC. These two limited liability companies were created to directly or indirectly hold all of the outstanding common stock of American International Assurance Company Ltd. (AIA) and American Life Insurance Company (ALICO), two life insurance subsidiaries of AIG. AIG will retain control of AIA Aurora LLC and ALICO Holdings LLC, and the FRBNY will have certain consent, disposition, and conversion rights with respect to its preferred interests. Dividends accrue as a percentage of the FRBNY's preferred interests in AIA Aurora LLC and ALICO Holdings LLC. On a quarterly basis, the accrued dividends are capitalized and added to the FRBNY's preferred interests in AIA Aurora LLC and ALICO Holdings LLC. 9. Consolidated Statement of Condition of All Federal Reserve Banks Millions of dollars Eliminations from Wednesday Change since consolidation Sep 29, 2010 Wednesday Wednesday Assets, liabilities, and capital Sep 22, 2010 Sep 30, 2009 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 5,200 0 0 Coin 2,111 + 4 + 130 Securities, repurchase agreements, term auction credit, and other loans 2,094,086 - 8,261 + 212,676 Securities held outright (1) 2,044,313 - 6,772 + 451,612 U.S. Treasury securities 811,669 + 6,562 + 42,509 Bills (2) 18,423 0 0 Notes and bonds, nominal (2) 745,442 + 5,960 + 44,974 Notes and bonds, inflation-indexed (2) 42,318 + 550 - 2,270 Inflation compensation (3) 5,486 + 52 - 195 Federal agency debt securities (2) 154,105 0 + 22,929 Mortgage-backed securities (4) 1,078,539 - 13,334 + 386,174 Repurchase agreements (5) 0 0 0 Term auction credit 0 0 - 178,379 Other loans 49,773 - 1,489 - 60,557 Net portfolio holdings of Commercial Paper Funding Facility LLC (6) 0 0 - 41,029 Net portfolio holdings of Maiden Lane LLC (7) 28,470 + 27 + 2,209 Net portfolio holdings of Maiden Lane II LLC (8) 15,875 + 51 + 1,124 Net portfolio holdings of Maiden Lane III LLC (9) 23,040 + 10 + 2,474 Net portfolio holdings of TALF LLC (10) 601 0 + 601 Preferred interests in AIA Aurora LLC and ALICO Holdings LLC (11) 25,733 0 + 25,733 Items in process of collection (90) 365 + 72 + 126 Bank premises 2,229 + 2 - 5 Central bank liquidity swaps (12) 61 0 - 56,695 Other assets (13) 93,065 - 441 + 10,372 Total assets (90) 2,301,873 - 8,534 + 157,716 Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table. 9. Consolidated Statement of Condition of All Federal Reserve Banks (continued) Millions of dollars Eliminations from Wednesday Change since consolidation Sep 29, 2010 Wednesday Wednesday Assets, liabilities, and capital Sep 22, 2010 Sep 30, 2009 Liabilities Federal Reserve notes, net of F.R. Bank holdings 913,760 + 3,137 + 40,263 Reverse repurchase agreements (14) 67,370 + 7,268 - 1,543 Deposits (0) 1,246,820 - 18,589 + 107,651 Term deposits held by depository institutions 2,119 0 + 2,119 Other deposits held by depository institutions 984,139 + 1,646 + 136,054 U.S. Treasury, general account 57,829 - 19,667 - 50,495 U.S. Treasury, supplementary financing account 199,961 + 1 + 35,016 Foreign official 2,411 - 528 + 498 Other (0) 360 - 43 - 15,542 Deferred availability cash items (90) 2,188 + 121 - 585 Other liabilities and accrued dividends (15) 14,938 - 126 + 6,239 Total liabilities (90) 2,245,075 - 8,190 + 152,023 Capital accounts Capital paid in 26,686 0 + 1,768 Surplus 25,875 + 7 + 4,502 Other capital accounts 4,237 - 350 - 577 Total capital 56,798 - 344 + 5,693 Note: Components may not sum to totals because of rounding. 1. Includes securities lent to dealers under the overnight and term securities lending facilities; refer to table 1A. 2. Face value of the securities. 3. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed securities. 4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the underlying mortgages. 5. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities. 6. Includes the book value of the commercial paper, net of amortized costs and related fees, and other investments held by the Commercial Paper Funding Facility LLC. 7. Refer to table 4 and the note on consolidation accompanying table 10. 8. Refer to table 5 and the note on consolidation accompanying table 10. 9. Refer to table 6 and the note on consolidation accompanying table 10. 10. Refer to table 7 and the note on consolidation accompanying table 10. 11. Refer to table 8. 12. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the foreign central bank. 13. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates, accrued dividends on the Federal Reserve Bank of New York's (FRBNY) preferred interests in AIA Aurora LLC and ALICO Holdings LLC, and the fair value adjustment to credit extended by the FRBNY to eligible borrowers through the Term Asset-Backed Securities Loan Facility. 14. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities. 15. Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to entities other than the Federal Reserve Bank of New York, including liabilities that have recourse only to the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note on consolidation accompanying table 10. 10. Statement of Condition of Each Federal Reserve Bank, September 29, 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 2,111 63 71 170 154 311 202 322 32 59 152 222 354 Securities, repurchase agreements, term auction credit, and other loans 2,094,086 51,735 883,786 47,759 69,457 232,826 193,463 154,173 52,678 28,012 70,143 85,853 224,203 Securities held outright (1) 2,044,313 51,735 834,188 47,741 69,457 232,825 193,448 154,113 52,658 27,986 70,128 85,842 224,192 U.S. Treasury securities 811,669 20,541 331,204 18,955 27,577 92,440 76,806 61,189 20,907 11,112 27,844 34,082 89,013 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) 793,246 20,074 323,687 18,525 26,951 90,342 75,063 59,800 20,433 10,859 27,212 33,309 86,992 Federal agency debt securities (2) 154,105 3,900 62,883 3,599 5,236 17,551 14,583 11,617 3,969 2,110 5,286 6,471 16,900 Mortgage-backed securities (4) 1,078,539 27,294 440,101 25,187 36,644 122,834 102,060 81,307 27,781 14,765 36,998 45,288 118,279 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 49,773 0 49,598 18 0 0 15 60 20 26 15 11 11 Net portfolio holdings of Commercial Paper Funding Facility LLC (6) 0 0 0 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of Maiden Lane LLC (7) 28,470 0 28,470 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of Maiden Lane II LLC (8) 15,875 0 15,875 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of Maiden Lane III LLC (9) 23,040 0 23,040 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of TALF LLC (10) 601 0 601 0 0 0 0 0 0 0 0 0 0 Preferred interests in AIA Aurora LLC and ALICO Holdings LLC (11) 25,733 0 25,733 0 0 0 0 0 0 0 0 0 0 Items in process of collection 455 10 0 80 98 11 93 51 40 10 15 26 20 Bank premises 2,229 124 260 69 142 239 218 211 135 108 265 247 212 Central bank liquidity swaps (12) 61 2 18 7 5 17 4 1 1 2 0 1 4 Other assets (13) 93,065 2,663 35,195 4,409 4,197 14,849 7,881 5,602 1,966 1,658 2,496 3,165 8,984 Interdistrict settlement account 0 + 5,860 + 110,514 + 26,078 - 21,001 + 13,361 - 45,932 - 30,223 - 14,868 - 4,052 - 15,263 - 710 - 23,763 Total assets 2,301,963 61,022 1,129,419 79,184 53,753 262,871 157,967 131,447 40,457 26,090 58,257 89,738 211,758 Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table. 10. Statement of Condition of Each Federal Reserve Bank, September 29, 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 1,133,779 40,891 389,563 45,787 46,173 89,643 143,971 87,878 32,987 20,220 33,896 76,746 126,025 Less: Notes held by F.R. Banks 220,019 4,212 90,404 5,249 9,118 14,632 29,092 13,274 4,591 6,109 3,409 12,448 27,483 Federal Reserve notes, net 913,760 36,679 299,159 40,538 37,055 75,012 114,879 74,604 28,396 14,111 30,487 64,298 98,542 Reverse repurchase agreements (14) 67,370 1,705 27,490 1,573 2,289 7,673 6,375 5,079 1,735 922 2,311 2,829 7,388 Deposits 1,246,820 20,469 775,530 30,917 9,752 166,552 32,818 49,739 9,572 8,727 24,711 21,401 96,633 Term deposits held by depository institutions 2,119 27 886 0 15 96 161 506 0 6 34 62 327 Other deposits held by depository institutions 984,139 20,393 514,250 30,912 9,733 166,388 32,655 49,218 9,563 8,720 24,675 21,338 96,295 U.S. Treasury, general account 57,829 0 57,829 0 0 0 0 0 0 0 0 0 0 U.S. Treasury, supplementary financing account 199,961 0 199,961 0 0 0 0 0 0 0 0 0 0 Foreign official 2,411 1 2,383 4 3 11 2 1 0 1 0 1 3 Other 360 48 221 0 1 58 0 14 8 0 1 0 9 Deferred availability cash items 2,278 68 0 196 483 86 103 171 83 551 91 91 354 Other liabilities and accrued dividends (15) 14,938 196 11,210 235 260 747 528 421 182 140 192 266 562 Total liabilities 2,245,165 59,116 1,113,389 73,458 49,839 250,069 154,704 130,013 39,968 24,452 57,792 88,885 203,479 Capital Capital paid in 26,686 916 7,666 2,831 1,924 5,435 1,551 668 215 807 211 399 4,063 Surplus 25,875 946 7,670 2,804 1,911 7,141 1,581 621 239 712 210 353 1,688 Other capital 4,237 44 694 91 79 226 131 145 34 120 44 101 2,527 Total liabilities and capital 2,301,963 61,022 1,129,419 79,184 53,753 262,871 157,967 131,447 40,457 26,090 58,257 89,738 211,758 Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table. 10. Statement of Condition of Each Federal Reserve Bank, September 29, 2010 (continued) 1. Includes securities lent to dealers under the overnight and term securities lending facilities; refer to table 1A. 2. Face value of the securities. 3. Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face value of such securities. 4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the underlying mortgages. 5. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities. 6. Includes the book value of the commercial paper, net of amortized costs and related fees, and other investments held by the Commercial Paper Funding Facility LLC. 7. Refer to table 4 and the note on consolidation below. 8. Refer to table 5 and the note on consolidation below. 9. Refer to table 6 and the note on consolidation below. 10. Refer to table 7 and the note on consolidation below. 11. Refer to table 8. 12. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the foreign central bank. 13. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates, accrued dividends on the Federal Reserve Bank of New York's (FRBNY) preferred interests in AIA Aurora LLC and ALICO Holdings LLC, and the fair value adjustment to credit extended by the FRBNY to eligible borrowers through the Term Asset-Backed Securities Loan Facility. 14. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities. 15. Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to entities other than the Federal Reserve Bank of New York, including liabilities that have recourse only to the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note on consolidation below. Note on consolidation: The Federal Reserve Bank of New York (FRBNY) has extended loans to several limited liability companies under the authority of section 13(3) of the Federal Reserve Act. On June 26, 2008, a loan was extended to Maiden Lane LLC, which was formed to acquire certain assets of Bear Stearns. On November 25, 2008, a loan was extended to Maiden Lane III LLC, which was formed to purchase multi-sector collateralized debt obligations on which the Financial Products group of the American International Group, Inc. has written credit default swap contracts. On December 12, 2008, a loan was extended to Maiden Lane II LLC, which was formed to purchase residential mortgage-backed securities from the U.S. securities lending reinvestment portfolio of subsidiaries of American International Group, Inc. On November 25, 2008, the Federal Reserve Board authorized the FRBNY to extend credit to TALF LLC, which was formed to purchase and manage any asset-backed securities received by the FRBNY in connection with the decision of a borrower not to repay a loan extended under the Term Asset-Backed Securities Loan Facility. The FRBNY is the primary beneficiary of TALF LLC, because of the two beneficiaries of the LLC, the FRBNY and the U.S. Treasury, the FRBNY is primarily responsible for directing the financial activities of TALF LLC. The FRBNY is the primary beneficiary of the other LLCs cited above because it will receive a majority of any residual returns of the LLCs and absorb a majority of any residual losses of the LLCs. Consistent with generally accepted accounting principles, the assets and liabilities of these LLCs have been consolidated with the assets and liabilities of the FRBNY in the preparation of the statements of condition shown on this release. As a consequence of the consolidation, the extensions of credit from the FRBNY to the LLCs are eliminated, the net assets of the LLCs appear as assets on the previous page (and in table 1 and table 9), and the liabilities of the LLCs to entities other than the FRBNY, including those with recourse only to the portfolio holdings of the LLCs, are included in other liabilities in this table (and table 1 and table 9). 11. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts Millions of dollars Wednesday Federal Reserve notes and collateral Sep 29, 2010 Federal Reserve notes outstanding 1,133,779 Less: Notes held by F.R. Banks not subject to collateralization 220,019 Federal Reserve notes to be collateralized 913,760 Collateral held against Federal Reserve notes 913,760 Gold certificate account 11,037 Special drawing rights certificate account 5,200 U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 897,523 Other assets pledged 0 Memo: Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 2,044,313 Less: Face value of securities under reverse repurchase agreements 65,466 U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 1,978,847 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.