FEDERAL RESERVE statistical release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks October 20, 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 19, 2011 Federal Reserve Banks Oct 19, 2011 Oct 12, 2011 Oct 20, 2010 Reserve Bank credit 2,837,822 - 2,063 + 554,105 2,835,246 Securities held outright (1) 2,641,082 - 4,715 + 596,340 2,640,000 U.S. Treasury securities 1,665,962 - 683 + 840,998 1,670,256 Bills (2) 18,423 0 0 18,423 Notes and bonds, nominal (2) 1,569,071 - 252 + 810,371 1,574,540 Notes and bonds, inflation-indexed (2) 68,574 - 392 + 26,256 67,596 Inflation compensation (3) 9,895 - 39 + 4,372 9,698 Federal agency debt securities (2) 108,011 - 257 - 43,893 107,668 Mortgage-backed securities (4) 867,108 - 3,775 - 200,766 862,075 Repurchase agreements (5) 0 0 0 0 Loans 11,260 - 114 - 37,322 11,255 Primary credit 3 - 35 - 29 2 Secondary credit 0 - 1 0 0 Seasonal credit 42 - 19 - 3 40 Credit extended to American International Group, Inc., net (6) 0 0 - 19,607 0 Term Asset-Backed Securities Loan Facility (7) 11,215 - 58 - 17,684 11,212 Other credit extensions 0 0 0 0 Net portfolio holdings of Maiden Lane LLC (8) 14,490 - 997 - 13,463 13,120 Net portfolio holdings of Maiden Lane II LLC (9) 9,856 + 3 - 5,821 9,858 Net portfolio holdings of Maiden Lane III LLC (10) 21,088 - 155 - 1,747 20,817 Net portfolio holdings of TALF LLC (11) 785 0 + 184 785 Preferred interests in AIA Aurora LLC and ALICO Holdings LLC (6) 0 0 - 26,057 0 Float -1,093 + 72 + 612 -1,134 Central bank liquidity swaps (12) 1,853 + 1,353 + 1,293 1,853 Other Federal Reserve assets (13) 138,503 + 2,490 + 40,089 138,692 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 5,200 0 0 5,200 Treasury currency outstanding (14) 44,149 + 14 + 706 44,149 Total factors supplying reserve funds 2,898,212 - 2,049 + 554,811 2,895,636 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 19, 2011 Federal Reserve Banks Oct 19, 2011 Oct 12, 2011 Oct 20, 2010 Currency in circulation (14) 1,042,833 - 2,154 + 81,065 1,042,878 Reverse repurchase agreements (15) 80,356 + 3,506 + 18,660 80,468 Foreign official and international accounts 80,356 + 3,506 + 19,548 80,468 Others 0 0 - 889 0 Treasury cash holdings 143 + 11 - 92 145 Deposits with F.R. Banks, other than reserve balances 102,794 + 20,681 - 161,259 132,323 Term deposits held by depository institutions 5,077 0 - 36 5,077 U.S. Treasury, General Account 43,403 + 21,497 - 6,531 68,392 U.S. Treasury, Supplementary Financing Account 0 0 - 199,962 0 Foreign official 130 + 3 - 1,250 138 Service-related 2,512 0 + 112 2,512 Required clearing balances 2,512 0 + 112 2,512 Adjustments to compensate for float 0 0 0 0 Other 51,672 - 819 + 46,407 56,203 Funds from American International Group, Inc. asset dispositions, held as agent (6) 0 0 0 0 Other liabilities and capital (16) 72,020 + 444 - 488 70,664 Total factors, other than reserve balances, absorbing reserve funds 1,298,145 + 22,487 - 62,115 1,326,477 Reserve balances with Federal Reserve Banks 1,600,066 - 24,537 + 616,926 1,569,159 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 19, 2011 Memorandum item Oct 19, 2011 Oct 12, 2011 Oct 20, 2010 Marketable securities held in custody for foreign official and international accounts (1) 3,408,759 + 5,108 + 127,628 3,411,432 U.S. Treasury securities 2,685,981 + 5,559 + 138,629 2,689,042 Federal agency securities (2) 722,778 - 451 - 11,001 722,389 Securities lent to dealers 11,307 + 1,516 + 5,492 12,012 Overnight facility (3) 11,307 + 1,516 + 5,492 12,012 U.S. Treasury securities 10,049 + 1,409 + 5,710 10,914 Federal agency debt securities 1,258 + 106 - 218 1,098 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 19, 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) 42 1 4,208 7,005 0 ... 11,255 U.S. Treasury securities (2) Holdings 20,035 23,217 118,104 706,195 593,316 209,389 1,670,256 Weekly changes + 7,897 - 3,213 - 3,743 - 11,469 + 9,492 + 2,525 + 1,490 Federal agency debt securities (3) Holdings 0 6,170 18,752 64,253 16,146 2,347 107,668 Weekly changes - 600 + 903 - 903 + 1,999 - 1,999 0 - 600 Mortgage-backed securities (4) Holdings 0 0 0 13 22 862,040 862,075 Weekly changes 0 0 0 0 0 - 8,808 - 8,808 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) 80,468 0 ... ... ... ... 80,468 Term deposits 5,077 0 0 ... ... ... 5,077 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 19, 2011 Mortgage-backed securities held outright (1) 862,075 Commitments to buy mortgage-backed securities (2) 15,000 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 19, 2011 Net portfolio holdings of Maiden Lane LLC (1) 13,120 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) 743 Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3) 1,371 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, 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 19, 2011 Net portfolio holdings of Maiden Lane II LLC (1) 9,858 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) 552 Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc. (3) 1,099 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, 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 19, 2011 Net portfolio holdings of Maiden Lane III LLC (1) 20,817 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) 666 Outstanding principal amount and accrued interest on loan payable to American International Group, Inc. (3) 5,506 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, 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 19, 2011 Asset-backed securities holdings (1) 0 Other investments, net 785 Net portfolio holdings of TALF LLC 785 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 19, 2011 Wednesday Wednesday Assets, liabilities, and capital Oct 12, 2011 Oct 20, 2010 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 5,200 0 0 Coin 2,283 + 28 + 137 Securities, repurchase agreements, and loans 2,651,255 - 8,056 + 554,356 Securities held outright (1) 2,640,000 - 7,918 + 591,385 U.S. Treasury securities 1,670,256 + 1,490 + 838,135 Bills (2) 18,423 0 0 Notes and bonds, nominal (2) 1,574,540 + 3,111 + 808,689 Notes and bonds, inflation-indexed (2) 67,596 - 1,370 + 25,278 Inflation compensation (3) 9,698 - 251 + 4,169 Federal agency debt securities (2) 107,668 - 600 - 43,075 Mortgage-backed securities (4) 862,075 - 8,808 - 203,676 Repurchase agreements (5) 0 0 0 Loans 11,255 - 138 - 37,029 Net portfolio holdings of Maiden Lane LLC (6) 13,120 - 2,375 - 14,766 Net portfolio holdings of Maiden Lane II LLC (7) 9,858 + 3 - 5,826 Net portfolio holdings of Maiden Lane III LLC (8) 20,817 - 477 - 2,027 Net portfolio holdings of TALF LLC (9) 785 0 + 184 Preferred interests in AIA Aurora LLC and ALICO Holdings LLC (10) 0 0 - 26,057 Items in process of collection (126) 262 - 20 - 89 Bank premises 2,183 + 1 - 42 Central bank liquidity swaps (11) 1,853 + 1,353 + 1,293 Other assets (12) 136,524 + 950 + 39,689 Total assets (126) 2,855,177 - 8,593 + 546,851 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 19, 2011 Wednesday Wednesday Assets, liabilities, and capital Oct 12, 2011 Oct 20, 2010 Liabilities Federal Reserve notes, net of F.R. Bank holdings 1,001,153 - 2,169 + 79,775 Reverse repurchase agreements (13) 80,468 + 6,984 + 21,908 Deposits (0) 1,701,496 - 11,924 + 446,826 Term deposits held by depository institutions 5,077 0 - 36 Other deposits held by depository institutions 1,571,686 - 63,702 + 576,653 U.S. Treasury, General Account 68,392 + 50,711 + 16,169 U.S. Treasury, Supplementary Financing Account 0 0 - 199,962 Foreign official 138 + 12 - 1,518 Other (0) 56,203 + 1,055 + 55,521 Deferred availability cash items (126) 1,396 - 864 - 697 Other liabilities and accrued dividends (14) 18,624 - 623 + 3,498 Total liabilities (126) 2,803,136 - 8,597 + 551,309 Capital accounts Capital paid in 26,020 + 1 - 681 Surplus 26,020 + 1 + 128 Other capital accounts 0 0 - 3,905 Total capital 52,040 + 3 - 4,459 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 19, 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 2,283 58 86 164 169 389 208 336 31 57 169 241 375 Securities, repurchase agreements, and loans 2,651,255 64,908 1,238,927 90,436 71,313 304,893 196,264 156,784 49,970 40,590 70,240 104,412 262,518 Securities held outright (1) 2,640,000 64,908 1,227,713 90,436 71,312 304,893 196,264 156,778 49,967 40,573 70,225 104,412 262,518 U.S. Treasury securities 1,670,256 41,066 776,741 57,216 45,117 192,898 124,171 99,189 31,613 25,669 44,430 66,059 166,088 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) 1,651,834 40,613 768,174 56,585 44,619 190,770 122,802 98,095 31,264 25,386 43,940 65,330 164,256 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) 862,075 21,195 400,902 29,531 23,286 99,561 64,089 51,195 16,317 13,249 22,932 34,095 85,723 Repurchase agreements (5) 0 0 0 0 0 0 0 0 0 0 0 0 0 Loans 11,255 0 11,213 0 1 0 0 6 3 17 15 0 0 Net portfolio holdings of Maiden Lane LLC (6) 13,120 0 13,120 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of Maiden Lane II LLC (7) 9,858 0 9,858 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of Maiden Lane III LLC (8) 20,817 0 20,817 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of TALF LLC (9) 785 0 785 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 388 29 0 42 88 6 75 26 6 16 6 20 74 Bank premises 2,183 123 256 67 126 234 214 205 134 106 260 246 212 Central bank liquidity swaps (11) 1,853 64 537 179 137 380 106 47 15 57 17 28 285 Other assets (12) 136,524 3,653 58,568 6,373 4,968 18,251 9,703 7,176 2,325 2,554 3,164 4,767 15,020 Interdistrict settlement account 0 + 4,742 + 306,264 - 13,166 - 3,071 - 147,159 - 38,502 - 20,956 - 8,828 - 16,597 - 20,214 + 3,098 - 45,612 Total assets 2,855,303 74,164 1,654,902 84,738 74,417 178,278 170,118 144,896 44,123 27,068 54,113 113,823 234,663 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 19, 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 1,173,695 43,218 391,614 46,518 54,801 95,680 146,135 90,468 33,880 20,987 34,787 80,450 135,160 Less: Notes held by F.R. Banks 172,542 5,656 46,876 6,937 9,303 12,124 27,263 13,353 4,432 5,480 3,955 11,260 25,904 Federal Reserve notes, net 1,001,153 37,562 344,738 39,581 45,497 83,556 118,872 77,115 29,448 15,507 30,832 69,190 109,256 Reverse repurchase agreements (13) 80,468 1,978 37,421 2,756 2,174 9,293 5,982 4,779 1,523 1,237 2,140 3,182 8,002 Deposits 1,701,496 32,428 1,242,828 37,056 22,272 73,365 41,704 60,920 12,454 9,651 20,339 40,261 108,218 Term deposits held by depository institutions 5,077 20 1,270 605 0 2,015 0 555 0 60 1 6 545 Other deposits held by depository institutions 1,571,686 32,396 1,117,090 36,447 22,268 71,157 41,701 60,336 12,450 9,588 20,337 40,254 107,661 U.S. Treasury, General Account 68,392 0 68,392 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 138 1 110 4 3 8 2 1 0 1 0 1 6 Other 56,203 11 55,967 0 1 184 0 28 4 2 1 0 6 Deferred availability cash items 1,522 86 0 215 200 43 80 109 51 300 81 81 277 Interest on Federal Reserve notes due to U.S. Treasury (14) 1,483 30 644 55 44 193 120 90 29 18 39 61 159 Other liabilities and accrued dividends (15) 17,140 195 13,673 259 265 704 425 362 166 137 162 260 532 Total liabilities 2,803,263 72,279 1,639,304 79,923 70,452 167,154 167,183 143,374 43,672 26,849 53,594 113,034 226,444 Capital Capital paid in 26,020 943 7,799 2,407 1,983 5,562 1,467 761 226 110 259 394 4,110 Surplus 26,020 943 7,799 2,407 1,983 5,562 1,467 761 226 110 259 394 4,110 Other capital 0 0 0 0 0 0 0 0 0 0 0 0 0 Total liabilities and capital 2,855,303 74,164 1,654,902 84,738 74,417 178,278 170,118 144,896 44,123 27,068 54,113 113,823 234,663 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 19, 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 19, 2011 Federal Reserve notes outstanding 1,173,695 Less: Notes held by F.R. Banks not subject to collateralization 172,542 Federal Reserve notes to be collateralized 1,001,153 Collateral held against Federal Reserve notes 1,001,153 Gold certificate account 11,037 Special drawing rights certificate account 5,200 U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 984,916 Other assets pledged 0 Memo: Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 2,640,000 Less: Face value of securities under reverse repurchase agreements 70,721 U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 2,569,279 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.