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Release Date:   October 7, 2010
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FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks

October 7, 2010
1. Factors Affecting Reserve Balances of Depository Institutions
Millions of dollars
Reserve Bank credit, related items, and
reserve balances of depository institutions at
Federal Reserve Banks		 Averages of daily figures Wednesday
Oct 6, 2010
Week ended
Oct 6, 2010		 Change from week ended
Sep 29, 2010 Oct 7, 2009
Reserve Bank credit 2,284,553 - 3,119 + 165,051 2,290,274
    Securities held outright 1 2,046,948 - 2,247 + 452,057 2,051,716
        U.S. Treasury securities 814,304 + 5,372 + 45,128 819,072
            Bills 2 18,423 0 0 18,423
            Notes and bonds, nominal 2 748,069 + 4,850 + 47,601 752,832
            Notes and bonds, inflation-indexed 2 42,318 + 471 - 2,270 42,318
            Inflation compensation 3 5,493 + 50 - 204 5,499
        Federal agency debt securities 2 154,105 0 + 20,670 154,105
        Mortgage-backed securities 4 1,078,539 - 7,619 + 386,258 1,078,539
    Repurchase agreements 5 0 0 0 0
    Term auction credit 0 0 - 178,379 0
    Other loans 49,153 - 1,477 - 61,383 49,483
        Primary credit 89 + 64 - 27,809 110
        Secondary credit 0 0 - 460 0
        Seasonal credit 65 - 7 - 22 61
        Asset-Backed Commercial Paper Money Market
            Mutual Fund Liquidity Facility		 0 0 - 79 0
        Credit extended to American International
            Group, Inc., net 6		 19,497 + 188 - 20,142 20,001
        Term Asset-Backed Securities Loan Facility 7 29,501 - 1,723 - 12,873 29,310
        Other credit extensions 0 0 0 0
    Net portfolio holdings of Commercial Paper
        Funding Facility LLC 8		 0 0 - 41,043 0
    Net portfolio holdings of Maiden Lane LLC 9 28,478 + 31 + 2,211 28,510
    Net portfolio holdings of Maiden Lane II LLC 10 15,847 + 16 + 1,179 15,674
    Net portfolio holdings of Maiden Lane III LLC 11 23,003 - 28 + 2,571 22,782
    Net portfolio holdings of TALF LLC 12 601 0 + 601 601
    Preferred interests in AIA Aurora LLC and ALICO
        Holdings LLC 13		 26,057 + 324 + 26,057 26,057
    Float -1,711 - 88 + 469 -2,136
    Central bank liquidity swaps 14 61 0 - 49,770 61
    Other Federal Reserve assets 15 96,117 + 350 + 10,483 97,527
Gold stock 11,041 0 0 11,041
Special drawing rights certificate account 5,200 0 0 5,200
Treasury currency outstanding 16 43,392 + 14 + 792 43,392
 
Total factors supplying reserve funds 2,344,185 - 3,106 + 165,842 2,349,907
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
reserve balances of depository institutions at
Federal Reserve Banks		 Averages of daily figures Wednesday
Oct 6, 2010
Week ended
Oct 6, 2010		 Change from week ended
Sep 29, 2010 Oct 7, 2009
Currency in circulation 16 956,200 + 4,305 + 41,921 959,668
Reverse repurchase agreements 17 63,994 + 1,465 - 1,451 64,440
    Foreign official and international accounts 63,994 + 1,465 - 1,451 64,440
    Dealers 0 0 0 0
Treasury cash holdings 235 + 5 - 58 223
Deposits with F.R. Banks, other than reserve balances 265,784 + 1,153 + 86,413 255,807
    Term deposits held by depository institutions 2,119 0 + 2,119 2,119
    U.S. Treasury, general account 58,125 + 549 + 16,546 49,530
    U.S. Treasury, supplementary financing account 199,962 + 1 + 70,006 199,962
    Foreign official 2,184 - 8 + 206 1,345
    Service-related 2,408 0 - 992 2,408
        Required clearing balances 2,408 0 - 988 2,408
        Adjustments to compensate for float 0 0 - 4 0
    Other 987 + 613 - 1,471 444
Other liabilities and capital 18 72,647 - 171 + 12,535 72,170
 
Total factors, other than reserve balances,
    absorbing reserve funds		 1,358,859 + 6,755 + 139,358 1,352,308
 
Reserve balances with Federal Reserve Banks 985,326 - 9,861 + 26,483 997,599
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
Memorandum item Averages of daily figures Wednesday
Oct 6, 2010
Week ended
Oct 6, 2010		 Change from week ended
Sep 29, 2010 Oct 7, 2009
Marketable securities held in custody for foreign
    official and international accounts 1		 3,251,105 + 21,587 + 390,606 3,253,238
    U.S. Treasury securities 2,499,750 + 20,241 + 402,093 2,501,486
    Federal agency securities 2 751,355 + 1,346 - 11,486 751,752
Securities lent to dealers 9,548 + 2,177 - 1,038 7,356
    Overnight facility 3 9,548 + 2,177 - 1,038 7,356
        U.S. Treasury securities 7,970 + 2,187 - 2,140 5,789
        Federal agency debt securities 1,578 - 10 + 1,102 1,567
    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, October 6, 2010
Millions of dollars
Remaining maturity Within 15
days		 16 days to
90 days		 91 days to
1 year		 Over 1 year
to 5 years		 Over 5 years
to 10 years		 Over 10
years		 All
Other loans 1 125 47 0 49,312 0 ... 49,483
U.S. Treasury securities 2  
    Holdings 15,221 17,833 50,291 353,659 238,962 143,106 819,072
    Weekly changes - 414 + 2,226 - 1,536 - 1,185 + 6,107 + 2,205 + 7,403
Federal agency debt securities 3  
    Holdings 3,362 3,283 39,192 73,175 32,746 2,347 154,105
    Weekly changes + 1,439 - 1,439 0 0 0 0 0
Mortgage-backed securities 4  
    Holdings 0 0 0 28 21 1,078,490 1,078,539
    Weekly changes 0 0 0 0 + 1 - 1 0
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 64,440 0 ... ... ... ... 64,440
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
Account name Wednesday
Oct 6, 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 1
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
Account name Wednesday
Oct 6, 2010
Net portfolio holdings of Maiden Lane LLC 1 28,510
 
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 2 570
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. 3 1,299
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
Account name Wednesday
Oct 6, 2010
Net portfolio holdings of Maiden Lane II LLC 1 15,674
 
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York 2 13,452
Accrued interest payable to the Federal Reserve Bank of New York 2 411
Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc. 3 1,063
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
Account name Wednesday
Oct 6, 2010
Net portfolio holdings of Maiden Lane III LLC 1 22,782
 
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York 2 14,290
Accrued interest payable to the Federal Reserve Bank of New York 2 503
Outstanding principal amount and accrued interest on loan payable to American International Group, Inc. 3 5,325
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
Account name Wednesday
Oct 6, 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
Account name Wednesday
Oct 6, 2010
Preferred interests in AIA Aurora LLC and ALICO Holdings LLC 1 26,057
Accrued dividends on preferred interests in AIA Aurora LLC and ALICO Holdings LLC 2 21
 
Preferred interests in AIA Aurora LLC 1 16,676
Accrued dividends on preferred interests in AIA Aurora LLC 2 14
 
Preferred interests in ALICO Holdings LLC 1 9,380
Accrued dividends on preferred interests in ALICO Holdings LLC 2 8
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
Assets, liabilities, and capital Eliminations from
consolidation		 Wednesday
Oct 6, 2010		 Change since
Wednesday
Sep 29, 2010		 Wednesday
Oct 7, 2009
Assets  
    Gold certificate account   11,037 0 0
    Special drawing rights certificate account   5,200 0 0
    Coin   2,114 + 3 + 124
    Securities, repurchase agreements, term auction
        credit, and other loans		   2,101,199 + 7,113 + 216,329
        Securities held outright 1   2,051,716 + 7,403 + 456,429
            U.S. Treasury securities   819,072 + 7,403 + 49,887
                Bills 2   18,423 0 0
                Notes and bonds, nominal 2   752,832 + 7,390 + 52,364
                Notes and bonds, inflation-indexed 2   42,318 0 - 2,270
                Inflation compensation 3   5,499 + 13 - 207
            Federal agency debt securities 2   154,105 0 + 20,294
            Mortgage-backed securities 4   1,078,539 0 + 386,248
        Repurchase agreements 5   0 0 0
        Term auction credit   0 0 - 178,379
        Other loans   49,483 - 290 - 61,721
    Net portfolio holdings of Commercial Paper
        Funding Facility LLC 6		   0 0 - 41,059
    Net portfolio holdings of Maiden Lane LLC 7   28,510 + 40 + 2,206
    Net portfolio holdings of Maiden Lane II LLC 8   15,674 - 201 + 1,213
    Net portfolio holdings of Maiden Lane III LLC 9   22,782 - 258 + 2,616
    Net portfolio holdings of TALF LLC 10   601 0 + 601
    Preferred interests in AIA Aurora LLC and ALICO
        Holdings LLC 11		   26,057 + 324 + 26,057
    Items in process of collection (84) 463 + 98 + 310
    Bank premises   2,222 - 7 + 1
    Central bank liquidity swaps 12   61 0 - 49,770
    Other assets 13   95,313 + 2,248 + 11,389
 
Total assets (84) 2,311,231 + 9,358 + 170,016
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
Assets, liabilities, and capital Eliminations from
consolidation		 Wednesday
Oct 6, 2010		 Change since
Wednesday
Sep 29, 2010		 Wednesday
Oct 7, 2009
Liabilities  
    Federal Reserve notes, net of F.R. Bank holdings   918,609 + 4,849 + 42,489
    Reverse repurchase agreements 14   64,440 - 2,930 + 1,540
    Deposits (0) 1,253,413 + 6,593 + 113,645
        Term deposits held by depository institutions   2,119 0 + 2,119
        Other deposits held by depository institutions   1,000,014 + 15,875 + 33,477
        U.S. Treasury, general account   49,530 - 8,299 + 18,525
        U.S. Treasury, supplementary financing account   199,962 + 1 + 70,006
        Foreign official   1,345 - 1,066 - 540
        Other (0) 444 + 84 - 9,940
    Deferred availability cash items (84) 2,598 + 410 - 182
    Other liabilities and accrued dividends 15   15,029 + 91 + 6,468
 
Total liabilities (84) 2,254,089 + 9,014 + 163,961
 
Capital accounts  
    Capital paid in   26,687 + 1 + 1,798
    Surplus   25,881 + 6 + 4,500
    Other capital accounts   4,575 + 338 - 242
 
Total capital   57,142 + 344 + 6,055
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, October 6, 2010
Millions of dollars
Assets, liabilities, and capital Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas
City		 Dallas San
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 2,114 64 71 169 155 313 202 322 31 59 151 224 353
    Securities, repurchase agreements,
        term auction credit, and other
        loans		 2,101,199 51,922 886,622 47,914 69,708 233,668 194,160 154,685 52,858 28,108 70,388 86,162 225,004
        Securities held outright 1 2,051,716 51,922 837,209 47,914 69,708 233,668 194,149 154,671 52,849 28,088 70,382 86,153 225,004
            U.S. Treasury securities 819,072 20,728 334,225 19,128 27,829 93,283 77,507 61,747 21,098 11,213 28,098 34,393 89,824
                Bills 2 18,423 466 7,517 430 626 2,098 1,743 1,389 475 252 632 774 2,020
                Notes and bonds 3 800,649 20,262 326,707 18,697 27,203 91,185 75,764 60,358 20,623 10,961 27,466 33,620 87,804
            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 49,483 0 49,413 0 0 0 11 14 9 21 6 10 0
    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		 28,510 0 28,510 0 0 0 0 0 0 0 0 0 0
    Net portfolio holdings of Maiden
        Lane II LLC 8		 15,674 0 15,674 0 0 0 0 0 0 0 0 0 0
    Net portfolio holdings of Maiden
        Lane III LLC 9		 22,782 0 22,782 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		 26,057 0 26,057 0 0 0 0 0 0 0 0 0 0
    Items in process of collection 546 13 0 64 84 10 194 52 22 12 23 43 28
    Bank premises 2,222 126 255 68 141 238 218 210 135 108 265 246 212
    Central bank liquidity swaps 12 61 2 18 7 5 17 4 1 1 2 0 1 4
    Other assets 13 95,313 2,738 35,731 4,513 4,312 15,234 8,135 5,792 2,039 1,707 2,579 3,265 9,267
    Interdistrict settlement account 0 + 2,832 + 101,518 + 26,304 - 16,742 + 9,154 - 41,938 - 35,423 - 13,583 - 3,104 - 10,847 - 2,359 - 15,812
 
Total assets 2,311,314 58,264 1,123,693 79,652 58,364 259,893 163,013 126,951 41,975 27,185 63,008 88,516 220,800
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, October 6, 2010 (continued)
Millions of dollars
Assets, liabilities, and capital Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas
City		 Dallas San
Francisco
Liabilities  
    Federal Reserve notes outstanding 1,132,446 40,979 388,735 45,734 46,122 89,699 143,656 87,825 32,958 20,203 33,882 76,635 126,019
        Less: Notes held by F.R. Banks 213,838 4,125 87,995 5,236 8,644 14,217 27,853 12,825 4,442 6,049 3,406 12,144 26,903
            Federal Reserve notes, net 918,609 36,854 300,740 40,498 37,478 75,481 115,804 75,000 28,516 14,155 30,477 64,491 99,115
    Reverse repurchase agreements 14 64,440 1,631 26,295 1,505 2,189 7,339 6,098 4,858 1,660 882 2,211 2,706 7,067
    Deposits 1,253,413 17,582 769,162 31,406 13,966 163,335 37,109 45,020 11,046 10,001 29,507 20,053 105,227
        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		 1,000,014 17,535 517,265 31,402 13,949 163,040 36,944 44,500 11,044 9,994 29,471 19,990 104,882
        U.S. Treasury, general account 49,530 0 49,530 0 0 0 0 0 0 0 0 0 0
        U.S. Treasury, supplementary
            financing account		 199,962 0 199,962 0 0 0 0 0 0 0 0 0 0
        Foreign official 1,345 1 1,316 4 3 11 2 1 0 1 0 1 3
        Other 444 19 204 0 0 188 2 14 1 0 1 0 15
    Deferred availability cash items 2,682 89 0 280 550 141 179 200 70 362 143 140 526
    Other liabilities and accrued
        dividends 15		 15,029 203 11,274 235 260 758 521 425 189 143 188 264 569
 
Total liabilities 2,254,173 56,359 1,107,471 73,924 54,443 247,054 159,711 125,503 41,481 25,544 62,525 87,654 212,504
 
Capital  
    Capital paid in 26,687 916 7,666 2,829 1,924 5,434 1,551 663 215 807 218 400 4,064
    Surplus 25,881 946 7,676 2,804 1,911 7,141 1,581 621 239 712 210 353 1,688
    Other capital 4,575 43 881 95 86 263 170 164 41 123 55 110 2,544
 
Total liabilities and capital 2,311,314 58,264 1,123,693 79,652 58,364 259,893 163,013 126,951 41,975 27,185 63,008 88,516 220,800
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, October 6, 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
Federal Reserve notes and collateral Wednesday
Oct 6, 2010
Federal Reserve notes outstanding 1,132,446
    Less: Notes held by F.R. Banks not subject to collateralization 213,838
        Federal Reserve notes to be collateralized 918,609
Collateral held against Federal Reserve notes 918,609
    Gold certificate account 11,037
    Special drawing rights certificate account 5,200
    U.S. Treasury, agency debt, and mortgage-backed securities pledged 1,2 902,372
    Other assets pledged 0
Memo:  
Total U.S. Treasury, agency debt, and mortgage-backed securities 1,2 2,051,716
    Less: Face value of securities under reverse repurchase agreements 54,333
        U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 1,997,383
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.

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Last update: October 7, 2010