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Release Date:   October 14, 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 14, 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 13, 2010
Week ended
Oct 13, 2010		 Change from week ended
Oct 6, 2010 Oct 14, 2009
Reserve Bank credit 2,293,152 + 8,599 + 186,491 2,291,381
    Securities held outright 1 2,053,246 + 6,298 + 445,202 2,051,877
        U.S. Treasury securities 821,151 + 6,847 + 50,227 821,156
            Bills 2 18,423 0 0 18,423
            Notes and bonds, nominal 2 754,901 + 6,832 + 52,711 754,901
            Notes and bonds, inflation-indexed 2 42,318 0 - 2,270 42,318
            Inflation compensation 3 5,509 + 16 - 215 5,514
        Federal agency debt securities 2 153,556 - 549 + 19,010 152,182
        Mortgage-backed securities 4 1,078,539 0 + 375,966 1,078,539
    Repurchase agreements 5 0 0 0 0
    Term auction credit 0 0 - 155,442 0
    Other loans 49,121 - 32 - 62,284 49,338
        Primary credit 15 - 74 - 27,365 47
        Secondary credit 0 0 - 468 0
        Seasonal credit 55 - 10 - 34 52
        Asset-Backed Commercial Paper Money Market
            Mutual Fund Liquidity Facility		 0 0 - 43 0
        Credit extended to American International
            Group, Inc., net 6		 19,796 + 299 - 20,399 20,014
        Term Asset-Backed Securities Loan Facility 7 29,255 - 246 - 13,975 29,225
        Other credit extensions 0 0 0 0
    Net portfolio holdings of Commercial Paper
        Funding Facility LLC 8		 0 0 - 40,791 0
    Net portfolio holdings of Maiden Lane LLC 9 28,511 + 33 + 2,199 28,519
    Net portfolio holdings of Maiden Lane II LLC 10 15,674 - 173 + 1,213 15,676
    Net portfolio holdings of Maiden Lane III LLC 11 22,789 - 214 + 2,614 22,834
    Net portfolio holdings of TALF LLC 12 601 0 + 601 601
    Preferred interests in AIA Aurora LLC and ALICO
        Holdings LLC 13		 26,057 0 + 26,057 26,057
    Float -1,731 - 20 - 255 -2,877
    Central bank liquidity swaps 14 60 - 1 - 43,567 60
    Other Federal Reserve assets 15 98,824 + 2,707 + 10,944 99,296
Gold stock 11,041 0 0 11,041
Special drawing rights certificate account 5,200 0 0 5,200
Treasury currency outstanding 16 43,406 + 14 + 804 43,406
 
Total factors supplying reserve funds 2,352,799 + 8,614 + 187,296 2,351,027
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 13, 2010
Week ended
Oct 13, 2010		 Change from week ended
Oct 6, 2010 Oct 14, 2009
Currency in circulation 16 962,072 + 5,872 + 44,400 963,647
Reverse repurchase agreements 17 61,721 - 2,273 - 910 59,973
    Foreign official and international accounts 61,721 - 2,273 - 910 59,973
    Dealers 0 0 0 0
Treasury cash holdings 225 - 10 - 71 236
Deposits with F.R. Banks, other than reserve balances 233,616 - 32,168 + 91,578 228,860
    Term deposits held by depository institutions 5,113 + 2,994 + 5,113 5,113
    U.S. Treasury, general account 22,780 - 35,345 - 393 15,637
    U.S. Treasury, supplementary financing account 199,962 0 + 99,995 199,962
    Foreign official 1,395 - 789 - 242 1,215
    Service-related 2,401 - 7 - 995 2,401
        Required clearing balances 2,401 - 7 - 995 2,401
        Adjustments to compensate for float 0 0 0 0
    Other 1,965 + 978 - 11,900 4,531
Other liabilities and capital 18 72,997 + 350 + 11,770 71,906
 
Total factors, other than reserve balances,
    absorbing reserve funds		 1,330,631 - 28,228 + 146,766 1,324,622
 
Reserve balances with Federal Reserve Banks 1,022,168 + 36,842 + 40,530 1,026,405
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 13, 2010
Week ended
Oct 13, 2010		 Change from week ended
Oct 6, 2010 Oct 14, 2009
Marketable securities held in custody for foreign
    official and international accounts 1		 3,267,045 + 15,940 + 402,474 3,265,875
    U.S. Treasury securities 2,517,889 + 18,139 + 416,213 2,530,777
    Federal agency securities 2 749,156 - 2,199 - 13,739 735,098
Securities lent to dealers 7,499 - 2,049 + 657 7,418
    Overnight facility 3 7,499 - 2,049 + 657 7,418
        U.S. Treasury securities 5,805 - 2,165 - 550 5,879
        Federal agency debt securities 1,694 + 116 + 1,206 1,539
    Term facility 4 0 0 0 0
Note: Components may not sum to totals because of rounding.


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

2. Maturity Distribution of Securities, Loans, and Selected Other Assets and Liabilities, October 13, 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 57 41 0 49,239 0 ... 49,338
U.S. Treasury securities 2  
    Holdings 12,718 20,337 50,292 355,731 238,966 143,113 821,156
    Weekly changes - 2,503 + 2,504 + 1 + 2,072 + 4 + 7 + 2,084
Federal agency debt securities 3  
    Holdings 2,501 3,350 38,063 73,175 32,746 2,347 152,182
    Weekly changes - 861 + 67 - 1,129 0 0 0 - 1,923
Mortgage-backed securities 4  
    Holdings 0 0 0 28 21 1,078,490 1,078,539
    Weekly changes 0 0 0 0 0 0 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 60 0 0 0 0 0 60
   
Reverse repurchase agreements 6 59,973 0 ... ... ... ... 59,973
Term deposits 0 5,113 0 ... ... ... 5,113
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 13, 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
Account name Wednesday
Oct 13, 2010
Net portfolio holdings of Maiden Lane LLC 1 28,519
 
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 2 574
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. 3 1,300
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 13, 2010
Net portfolio holdings of Maiden Lane II LLC 1 15,676
 
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 2 414
Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc. 3 1,064
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 13, 2010
Net portfolio holdings of Maiden Lane III LLC 1 22,834
 
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 2 506
Outstanding principal amount and accrued interest on loan payable to American International Group, Inc. 3 5,328
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 13, 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 13, 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 46
 
Preferred interests in AIA Aurora LLC 1 16,676
Accrued dividends on preferred interests in AIA Aurora LLC 2 30
 
Preferred interests in ALICO Holdings LLC 1 9,380
Accrued dividends on preferred interests in ALICO Holdings LLC 2 17
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 13, 2010		 Change since
Wednesday
Oct 6, 2010		 Wednesday
Oct 14, 2009
Assets  
    Gold certificate account   11,037 0 0
    Special drawing rights certificate account   5,200 0 0
    Coin   2,106 - 8 + 115
    Securities, repurchase agreements, term auction
        credit, and other loans		   2,101,215 + 16 + 161,182
        Securities held outright 1   2,051,877 + 161 + 379,044
            U.S. Treasury securities   821,156 + 2,084 + 47,696
                Bills 2   18,423 0 0
                Notes and bonds, nominal 2   754,901 + 2,069 + 50,184
                Notes and bonds, inflation-indexed 2   42,318 0 - 2,270
                Inflation compensation 3   5,514 + 15 - 218
            Federal agency debt securities 2   152,182 - 1,923 + 15,798
            Mortgage-backed securities 4   1,078,539 0 + 315,549
        Repurchase agreements 5   0 0 0
        Term auction credit   0 0 - 155,442
        Other loans   49,338 - 145 - 62,420
    Net portfolio holdings of Commercial Paper
        Funding Facility LLC 6		   0 0 - 40,098
    Net portfolio holdings of Maiden Lane LLC 7   28,519 + 9 + 2,158
    Net portfolio holdings of Maiden Lane II LLC 8   15,676 + 2 + 1,210
    Net portfolio holdings of Maiden Lane III LLC 9   22,834 + 52 + 2,606
    Net portfolio holdings of TALF LLC 10   601 0 + 601
    Preferred interests in AIA Aurora LLC and ALICO
        Holdings LLC 11		   26,057 0 + 26,057
    Items in process of collection (117) 453 - 10 - 2,291
    Bank premises   2,224 + 2 + 1
    Central bank liquidity swaps 12   60 - 1 - 43,567
    Other assets 13   97,038 + 1,725 + 9,084
 
Total assets (117) 2,313,019 + 1,788 + 117,057
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 13, 2010		 Change since
Wednesday
Oct 6, 2010		 Wednesday
Oct 14, 2009
Liabilities  
    Federal Reserve notes, net of F.R. Bank holdings   922,580 + 3,971 + 44,788
    Reverse repurchase agreements 14   59,973 - 4,467 - 1,830
    Deposits (0) 1,255,230 + 1,817 + 67,417
        Term deposits held by depository institutions   5,113 + 2,994 + 5,113
        Other deposits held by depository institutions   1,028,771 + 28,757 - 23,178
        U.S. Treasury, general account   15,637 - 33,893 + 67
        U.S. Treasury, supplementary financing account   199,962 0 + 99,995
        Foreign official   1,215 - 130 - 449
        Other (0) 4,531 + 4,087 - 14,131
    Deferred availability cash items (117) 3,330 + 732 - 144
    Other liabilities and accrued dividends 15   15,021 - 8 + 1,982
 
Total liabilities (117) 2,256,134 + 2,045 + 112,212
 
Capital accounts  
    Capital paid in   26,695 + 8 + 1,798
    Surplus   25,886 + 5 + 4,496
    Other capital accounts   4,303 - 272 - 1,451
 
Total capital   56,884 - 258 + 4,844
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 13, 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 2,106 64 73 169 154 311 194 324 31 59 150 226 351
    Securities, repurchase agreements,
        term auction credit, and other
        loans		 2,101,215 51,926 886,513 47,922 69,714 233,687 194,170 154,691 52,857 28,110 70,394 86,169 225,061
        Securities held outright 1 2,051,877 51,926 837,274 47,917 69,714 233,687 194,164 154,683 52,853 28,090 70,388 86,159 225,021
            U.S. Treasury securities 821,156 20,781 335,075 19,176 27,899 93,521 77,704 61,904 21,152 11,241 28,169 34,481 90,053
                Bills 2 18,423 466 7,517 430 626 2,098 1,743 1,389 475 252 632 774 2,020
                Notes and bonds 3 802,733 20,315 327,558 18,746 27,273 91,423 75,961 60,515 20,677 10,989 27,537 33,707 88,033
            Federal agency debt securities 2 152,182 3,851 62,098 3,554 5,170 17,332 14,401 11,472 3,920 2,083 5,220 6,390 16,689
            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 49,338 0 49,239 5 0 0 6 7 4 21 6 10 40
    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		 28,519 0 28,519 0 0 0 0 0 0 0 0 0 0
    Net portfolio holdings of Maiden
        Lane II LLC 8		 15,676 0 15,676 0 0 0 0 0 0 0 0 0 0
    Net portfolio holdings of Maiden
        Lane III LLC 9		 22,834 0 22,834 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 570 26 0 95 130 10 97 59 21 19 37 41 34
    Bank premises 2,224 127 255 68 141 239 218 210 135 108 265 247 212
    Central bank liquidity swaps 12 60 2 17 7 4 17 4 1 1 2 0 1 4
    Other assets 13 97,038 2,782 36,430 4,571 4,374 15,454 8,295 5,908 2,078 1,730 2,629 3,329 9,457
    Interdistrict settlement account 0 + 3,302 + 84,261 + 26,712 - 13,309 + 7,358 - 40,794 - 30,061 - 13,503 - 2,093 - 19,245 - 2,379 - 250
 
Total assets 2,313,136 58,794 1,107,092 80,158 61,909 258,333 164,223 132,443 42,095 28,228 54,680 88,568 236,613
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 13, 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 1,131,717 41,002 388,382 45,851 46,071 89,662 143,301 87,828 32,920 20,190 33,874 76,586 126,049
        Less: Notes held by F.R. Banks 209,138 4,035 84,654 5,375 8,236 13,904 27,333 12,665 4,405 6,016 3,442 12,001 27,073
            Federal Reserve notes, net 922,580 36,967 303,728 40,476 37,836 75,758 115,969 75,164 28,515 14,174 30,432 64,585 98,976
    Reverse repurchase agreements 14 59,973 1,518 24,472 1,401 2,038 6,830 5,675 4,521 1,545 821 2,057 2,518 6,577
    Deposits 1,255,230 18,020 751,541 31,864 17,391 162,029 38,552 50,610 11,231 11,000 21,332 20,180 121,481
        Term deposits held by depository
            institutions		 5,113 50 3,573 0 10 63 2 103 28 2 18 5 1,260
        Other deposits held by depository
            institutions		 1,028,771 17,967 526,833 31,860 17,377 161,807 38,547 50,493 11,201 10,996 21,313 20,175 120,203
        U.S. Treasury, general account 15,637 0 15,637 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 1,215 1 1,187 4 3 11 2 1 0 1 0 1 3
        Other 4,531 2 4,348 0 1 148 0 14 1 0 1 0 15
    Deferred availability cash items 3,447 183 0 468 473 179 234 286 122 453 182 158 709
    Other liabilities and accrued
        dividends 15		 15,021 198 11,275 238 263 750 515 426 189 143 190 267 569
 
Total liabilities 2,256,251 56,885 1,091,016 74,447 58,000 245,547 160,944 131,006 41,601 26,591 54,193 87,709 228,312
 
Capital  
    Capital paid in 26,695 916 7,667 2,829 1,924 5,434 1,552 662 215 807 218 400 4,071
    Surplus 25,886 946 7,681 2,804 1,911 7,141 1,581 621 239 712 210 353 1,688
    Other capital 4,303 47 727 78 75 211 146 154 40 118 58 106 2,542
 
Total liabilities and capital 2,313,136 58,794 1,107,092 80,158 61,909 258,333 164,223 132,443 42,095 28,228 54,680 88,568 236,613
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 13, 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 13, 2010
Federal Reserve notes outstanding 1,131,717
    Less: Notes held by F.R. Banks not subject to collateralization 209,138
        Federal Reserve notes to be collateralized 922,580
Collateral held against Federal Reserve notes 922,580
    Gold certificate account 11,037
    Special drawing rights certificate account 5,200
    U.S. Treasury, agency debt, and mortgage-backed securities pledged 1,2 906,343
    Other assets pledged 0
Memo:  
Total U.S. Treasury, agency debt, and mortgage-backed securities 1,2 2,051,877
    Less: Face value of securities under reverse repurchase agreements 47,193
        U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 2,004,684
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 14, 2010