Federal Reserve Statistical Release, H.4.1, Factors Affecting Reserve Balances; title with eagle logo links to Statistical Release home page
Release Date:   October 21, 2010
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For release at
4:30 P.M. EDT
June 12, 2014

Table 10 line items "Less: Face value of securities under reverse repurchase agreements" and "U.S. Treasury,
agency debt, and mortgage-backed securities eligible to be pledged" have been corrected to include securities
pledged as collateral for tri-party reverse repurchase agreements.
The revised data are reported at the following link: http://www.federalreserve.gov/releases/h41/2014update.htm.
Historical data incorporating this correction can be accessed through the Data Download Program (DDP) at
http://www.federalreserve.gov/datadownload/Choose.aspx?rel=H41.


For release at
4:30 P.M. EDT
October 21, 2010

The Board's H.4.1 statistical release, "Factors Affecting Reserve Balances of Depository Institutions
and Condition Statement of Federal Reserve Banks," has been modified to reflect the recent
expansion of the set of counterparties with whom the Federal Reserve might conduct reverse
repurchase agreements for the purposes of open market operations. (See
http://www.ny.frb.org/markets/rrp_counterparties.html). As a result of this expansion, the line
"Dealers" under the heading "Reverse repurchase agreements" will be replaced with "Others" in
table 1. Currently, the set of counterparties in the "Others" category is primary dealers and an
eligible set of money market funds.

FEDERAL RESERVE statistical release

H.4.1

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

October 21, 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 20, 2010
Week ended
Oct 20, 2010		 Change from week ended
Oct 13, 2010 Oct 21, 2009
Reserve Bank credit 2,283,777 - 9,375 + 112,077 2,287,900
    Securities held outright 1 2,044,742 - 8,504 + 366,857 2,048,615
        U.S. Treasury securities 824,964 + 3,813 + 51,488 832,121
            Bills 2 18,423 0 0 18,423
            Notes and bonds, nominal 2 758,700 + 3,799 + 54,037 765,851
            Notes and bonds, inflation-indexed 2 42,318 0 - 2,325 42,318
            Inflation compensation 3 5,523 + 14 - 225 5,529
        Federal agency debt securities 2 151,904 - 1,652 + 14,038 150,743
        Mortgage-backed securities 4 1,067,874 - 10,665 + 301,331 1,065,751
    Repurchase agreements 5 0 0 0 0
    Term auction credit 0 0 - 155,441 0
    Other loans 48,582 - 539 - 59,587 48,284
        Primary credit 32 + 17 - 23,808 20
        Secondary credit 0 0 - 424 0
        Seasonal credit 45 - 10 - 32 39
        Asset-Backed Commercial Paper Money Market
            Mutual Fund Liquidity Facility		 0 0 0 0
        Credit extended to American International
            Group, Inc., net 6		 19,607 - 189 - 21,354 19,326
        Term Asset-Backed Securities Loan Facility 7 28,899 - 356 - 13,968 28,899
        Other credit extensions 0 0 0 0
    Net portfolio holdings of Commercial Paper
        Funding Facility LLC 8		 0 0 - 39,812 0
    Net portfolio holdings of Maiden Lane LLC 9 27,953 - 558 + 1,587 27,886
    Net portfolio holdings of Maiden Lane II LLC 10 15,677 + 3 + 1,210 15,684
    Net portfolio holdings of Maiden Lane III LLC 11 22,835 + 46 + 2,605 22,844
    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 -1,705 + 26 + 119 -1,742
    Central bank liquidity swaps 14 560 + 500 - 41,077 560
    Other Federal Reserve assets 15 98,475 - 349 + 8,957 99,111
Gold stock 11,041 0 0 11,041
Special drawing rights certificate account 5,200 0 0 5,200
Treasury currency outstanding 16 43,420 + 14 + 816 43,420
 
Total factors supplying reserve funds 2,343,438 - 9,361 + 112,894 2,347,561
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 20, 2010
Week ended
Oct 20, 2010		 Change from week ended
Oct 13, 2010 Oct 21, 2009
Currency in circulation 16 961,745 - 327 + 46,185 962,429
Reverse repurchase agreements 17 61,696 - 25 - 2,111 58,560
    Foreign official and international accounts 60,808 - 913 - 2,999 56,490
    Others 889 + 889 + 889 2,070
Treasury cash holdings 235 + 10 - 66 226
Deposits with F.R. Banks, other than reserve balances 264,052 + 30,437 + 109,343 262,037
    Term deposits held by depository institutions 5,113 0 + 5,113 5,113
    U.S. Treasury, general account 49,934 + 27,154 - 33,527 52,223
    U.S. Treasury, supplementary financing account 199,962 0 + 134,982 199,962
    Foreign official 1,380 - 15 - 275 1,656
    Service-related 2,399 - 1 - 996 2,399
        Required clearing balances 2,399 - 1 - 996 2,399
        Adjustments to compensate for float 0 0 0 0
    Other 5,265 + 3,300 + 4,046 682
Other liabilities and capital 18 72,508 - 489 + 10,377 71,624
 
Total factors, other than reserve balances,
    absorbing reserve funds		 1,360,236 + 29,606 + 163,728 1,354,876
 
Reserve balances with Federal Reserve Banks 983,202 - 38,967 - 50,834 992,685
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 20, 2010
Week ended
Oct 20, 2010		 Change from week ended
Oct 13, 2010 Oct 21, 2009
Marketable securities held in custody for foreign
    official and international accounts 1		 3,281,131 + 14,086 + 393,925 3,281,894
    U.S. Treasury securities 2,547,352 + 29,463 + 423,196 2,548,943
    Federal agency securities 2 733,779 - 15,377 - 29,272 732,951
Securities lent to dealers 5,815 - 1,684 - 1,593 4,694
    Overnight facility 3 5,815 - 1,684 - 1,593 4,694
        U.S. Treasury securities 4,339 - 1,466 - 2,476 3,536
        Federal agency debt securities 1,476 - 218 + 883 1,158
    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 20, 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 58 2 0 48,225 0 ... 48,284
U.S. Treasury securities 2  
    Holdings 18,034 15,883 48,851 359,911 246,208 143,234 832,121
    Weekly changes + 5,316 - 4,454 - 1,441 + 4,180 + 7,242 + 121 + 10,965
Federal agency debt securities 3  
    Holdings 1,062 3,796 38,217 73,522 31,799 2,347 150,743
    Weekly changes - 1,439 + 446 + 154 + 347 - 947 0 - 1,439
Mortgage-backed securities 4  
    Holdings 0 0 0 27 21 1,065,702 1,065,751
    Weekly changes 0 0 0 - 1 0 - 12,788 - 12,788
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 7 560 0 0 0 0 0 560
   
Reverse repurchase agreements 6 58,560 0 ... ... ... ... 58,560
Term deposits 5,113 0 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 20, 2010
Mortgage-backed securities held outright 1 1,065,751
 
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 20, 2010
Net portfolio holdings of Maiden Lane LLC 1 27,886
 
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York 2 26,973
Accrued interest payable to the Federal Reserve Bank of New York 2 578
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. 3 1,301
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 20, 2010
Net portfolio holdings of Maiden Lane II LLC 1 15,684
 
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 2 418
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 20, 2010
Net portfolio holdings of Maiden Lane III LLC 1 22,844
 
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 2 510
Outstanding principal amount and accrued interest on loan payable to American International Group, Inc. 3 5,331
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 20, 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 20, 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 71
 
Preferred interests in AIA Aurora LLC 1 16,676
Accrued dividends on preferred interests in AIA Aurora LLC 2 46
 
Preferred interests in ALICO Holdings LLC 1 9,380
Accrued dividends on preferred interests in ALICO Holdings LLC 2 26
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 20, 2010		 Change since
Wednesday
Oct 13, 2010		 Wednesday
Oct 21, 2009
Assets  
    Gold certificate account   11,037 0 0
    Special drawing rights certificate account   5,200 0 0
    Coin   2,146 + 40 + 121
    Securities, repurchase agreements, term auction
        credit, and other loans		   2,096,899 - 4,316 + 143,809
        Securities held outright 1   2,048,615 - 3,262 + 358,420
            U.S. Treasury securities   832,121 + 10,965 + 58,635
                Bills 2   18,423 0 0
                Notes and bonds, nominal 2   765,851 + 10,950 + 61,188
                Notes and bonds, inflation-indexed 2   42,318 0 - 2,325
                Inflation compensation 3   5,529 + 15 - 229
            Federal agency debt securities 2   150,743 - 1,439 + 10,902
            Mortgage-backed securities 4   1,065,751 - 12,788 + 288,883
        Repurchase agreements 5   0 0 0
        Term auction credit   0 0 - 155,440
        Other loans   48,284 - 1,054 - 59,171
    Net portfolio holdings of Commercial Paper
        Funding Facility LLC 6		   0 0 - 39,429
    Net portfolio holdings of Maiden Lane LLC 7   27,886 - 633 + 1,488
    Net portfolio holdings of Maiden Lane II LLC 8   15,684 + 8 + 1,208
    Net portfolio holdings of Maiden Lane III LLC 9   22,844 + 10 + 2,607
    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 (95) 351 - 102 - 185
    Bank premises   2,225 + 1 0
    Central bank liquidity swaps 12   560 + 500 - 41,077
    Other assets 13   96,835 - 203 + 8,856
 
Total assets (95) 2,308,326 - 4,693 + 104,058
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 20, 2010		 Change since
Wednesday
Oct 13, 2010		 Wednesday
Oct 21, 2009
Liabilities  
    Federal Reserve notes, net of F.R. Bank holdings   921,378 - 1,202 + 46,055
    Reverse repurchase agreements 14   58,560 - 1,413 - 5,048
    Deposits (0) 1,254,670 - 560 + 53,613
        Term deposits held by depository institutions   5,113 0 + 5,113
        Other deposits held by depository institutions   995,033 - 33,738 - 64,536
        U.S. Treasury, general account   52,223 + 36,586 - 21,507
        U.S. Treasury, supplementary financing account   199,962 0 + 134,982
        Foreign official   1,656 + 441 - 111
        Other (0) 682 - 3,849 - 329
    Deferred availability cash items (95) 2,093 - 1,237 - 491
    Other liabilities and accrued dividends 15   15,126 + 105 + 4,612
 
Total liabilities (95) 2,251,827 - 4,307 + 98,741
 
Capital accounts  
    Capital paid in   26,701 + 6 + 1,779
    Surplus   25,892 + 6 + 4,494
    Other capital accounts   3,905 - 398 - 957
 
Total capital   56,499 - 385 + 5,317
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 20, 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 2,146 64 77 168 158 317 202 328 34 61 155 227 355
    Securities, repurchase agreements,
        term auction credit, and other
        loans		 2,096,899 51,844 884,168 47,851 69,603 233,315 193,860 154,443 52,770 28,067 70,285 86,029 224,665
        Securities held outright 1 2,048,615 51,844 835,943 47,841 69,603 233,315 193,856 154,438 52,769 28,045 70,276 86,022 224,664
            U.S. Treasury securities 832,121 21,058 339,549 19,432 28,272 94,770 78,742 62,731 21,434 11,392 28,545 34,941 91,255
                Bills 2 18,423 466 7,517 430 626 2,098 1,743 1,389 475 252 632 774 2,020
                Notes and bonds 3 813,698 20,592 332,032 19,002 27,646 92,671 76,998 61,342 20,959 11,139 27,913 34,168 89,235
            Federal agency debt securities 2 150,743 3,815 61,511 3,520 5,122 17,168 14,264 11,364 3,883 2,064 5,171 6,330 16,531
            Mortgage-backed securities 4 1,065,751 26,971 434,883 24,888 36,210 121,378 100,849 80,343 27,452 14,590 36,560 44,751 116,877
        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 48,284 0 48,225 10 0 0 4 6 1 22 10 6 1
    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		 27,886 0 27,886 0 0 0 0 0 0 0 0 0 0
    Net portfolio holdings of Maiden
        Lane II LLC 8		 15,684 0 15,684 0 0 0 0 0 0 0 0 0 0
    Net portfolio holdings of Maiden
        Lane III LLC 9		 22,844 0 22,844 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 446 13 0 69 122 7 67 40 17 14 26 40 31
    Bank premises 2,225 127 255 69 141 239 218 210 135 108 265 247 213
    Central bank liquidity swaps 12 560 21 163 61 42 156 35 14 5 16 5 8 37
    Other assets 13 96,835 2,780 36,385 4,574 4,372 15,444 8,248 5,880 2,072 1,728 2,620 3,319 9,414
    Interdistrict settlement account 0 + 2,608 + 127,864 + 25,430 - 19,218 - 14,636 - 41,686 - 35,125 - 12,846 - 2,403 - 17,852 - 2,117 - 10,021
 
Total assets 2,308,420 58,022 1,147,840 78,836 55,921 236,099 162,981 127,101 42,661 27,883 55,953 88,686 226,438
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 20, 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 1,130,880 40,920 388,106 45,701 45,941 89,336 144,286 87,372 32,796 20,071 33,668 76,663 126,021
        Less: Notes held by F.R. Banks 209,502 4,236 83,124 5,521 8,350 14,149 27,203 12,848 4,523 5,986 3,493 12,046 28,024
            Federal Reserve notes, net 921,378 36,684 304,983 40,180 37,591 75,188 117,083 74,524 28,273 14,084 30,176 64,616 97,997
    Reverse repurchase agreements 14 58,560 1,482 23,896 1,368 1,990 6,669 5,541 4,415 1,508 802 2,009 2,459 6,422
    Deposits 1,254,670 17,675 791,694 31,130 11,672 140,674 36,465 46,159 12,148 10,902 22,989 20,394 112,767
        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		 995,033 17,614 534,066 31,126 11,658 140,456 36,461 45,787 12,118 10,899 22,970 20,388 111,489
        U.S. Treasury, general account 52,223 0 52,223 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 1,656 1 1,628 4 3 11 2 1 0 1 0 1 3
        Other 682 10 241 0 1 144 0 268 2 0 1 0 15
    Deferred availability cash items 2,188 90 0 224 512 92 118 161 58 322 106 100 404
    Other liabilities and accrued
        dividends 15		 15,126 202 11,363 242 263 752 519 424 187 143 191 265 576
 
Total liabilities 2,251,922 56,133 1,131,935 73,145 52,027 223,375 159,726 125,683 42,174 26,254 55,471 87,834 218,166
 
Capital  
    Capital paid in 26,701 916 7,665 2,829 1,924 5,434 1,552 663 215 807 225 400 4,071
    Surplus 25,892 946 7,687 2,804 1,911 7,141 1,581 621 239 712 210 353 1,688
    Other capital 3,905 28 553 57 60 149 122 134 33 111 48 98 2,513
 
Total liabilities and capital 2,308,420 58,022 1,147,840 78,836 55,921 236,099 162,981 127,101 42,661 27,883 55,953 88,686 226,438
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 20, 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 20, 2010
Federal Reserve notes outstanding 1,130,880
    Less: Notes held by F.R. Banks not subject to collateralization 209,502
        Federal Reserve notes to be collateralized 921,378
Collateral held against Federal Reserve notes 921,378
    Gold certificate account 11,037
    Special drawing rights certificate account 5,200
    U.S. Treasury, agency debt, and mortgage-backed securities pledged 1,2 905,141
    Other assets pledged 0
Memo:  
Total U.S. Treasury, agency debt, and mortgage-backed securities 1,2 2,048,615
    Less: Face value of securities under reverse repurchase agreements 56,976
        U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 1,991,639
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 21, 2010