Federal Reserve Statistical Release, H.4.1, Factors Affecting Reserve Balances; title with eagle logo links to Statistical Release home page
Release Date:   October 28, 2010
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For release at
4:30 P.M. EDT
October 28, 2010

The weekly average values, shown in table 1, reflect the September 30, 2010, quarterly
updates to the fair value of the net portfolio holdings of Maiden Lane LLC, Maiden Lane II
LLC, and Maiden Lane III LLC. The amounts for the first six days of this reporting week are
based on the values as of June 30, 2010, and the amounts for the last day of the reporting
week are based on the values as of September 30, 2010.

FEDERAL RESERVE statistical release

H.4.1

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

October 28, 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 27, 2010
Week ended
Oct 27, 2010		 Change from week ended
Oct 20, 2010 Oct 28, 2009
Reserve Bank credit 2,282,738 - 1,039 + 128,380 2,277,972
    Securities held outright 1 2,043,901 - 841 + 351,724 2,038,566
        U.S. Treasury securities 834,277 + 9,313 + 59,725 837,848
            Bills 2 18,423 0 0 18,423
            Notes and bonds, nominal 2 767,275 + 8,575 + 61,562 770,841
            Notes and bonds, inflation-indexed 2 42,978 + 660 - 1,665 42,978
            Inflation compensation 3 5,600 + 77 - 174 5,606
        Federal agency debt securities 2 150,179 - 1,725 + 8,578 149,681
        Mortgage-backed securities 4 1,059,445 - 8,429 + 283,420 1,051,037
    Repurchase agreements 5 0 0 0 0
    Term auction credit 0 0 - 139,245 0
    Other loans 47,844 - 738 - 59,786 47,564
        Primary credit 24 - 8 - 22,554 47
        Secondary credit 0 0 - 375 0
        Seasonal credit 32 - 13 - 42 29
        Asset-Backed Commercial Paper Money Market
            Mutual Fund Liquidity Facility		 0 0 0 0
        Credit extended to American International
            Group, Inc., net 6		 19,273 - 334 - 23,513 19,220
        Term Asset-Backed Securities Loan Facility 7 28,516 - 383 - 13,302 28,268
        Other credit extensions 0 0 0 0
    Net portfolio holdings of Commercial Paper
        Funding Facility LLC 8		 0 0 - 32,256 0
    Net portfolio holdings of Maiden Lane LLC 9 27,970 + 17 + 1,589 28,469
    Net portfolio holdings of Maiden Lane II LLC 10 15,796 + 119 + 1,101 16,472
    Net portfolio holdings of Maiden Lane III LLC 11 22,942 + 107 + 2,286 23,532
    Net portfolio holdings of TALF LLC 12 622 + 21 + 622 622
    Preferred interests in AIA Aurora LLC and ALICO
        Holdings LLC 13		 26,057 0 + 26,057 26,057
    Float -1,522 + 183 + 954 -1,782
    Central bank liquidity swaps 14 60 - 500 - 33,255 60
    Other Federal Reserve assets 15 99,067 + 592 + 8,589 98,412
Gold stock 11,041 0 0 11,041
Special drawing rights certificate account 5,200 0 0 5,200
Treasury currency outstanding 16 43,434 + 14 + 829 43,434
 
Total factors supplying reserve funds 2,342,413 - 1,025 + 129,209 2,337,646
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 27, 2010
Week ended
Oct 27, 2010		 Change from week ended
Oct 20, 2010 Oct 28, 2009
Currency in circulation 16 961,367 - 378 + 47,611 963,387
Reverse repurchase agreements 17 56,889 - 4,807 - 8,848 55,552
    Foreign official and international accounts 55,276 - 5,532 - 10,461 55,552
    Others 1,613 + 724 + 1,613 0
Treasury cash holdings 221 - 14 - 63 188
Deposits with F.R. Banks, other than reserve balances 248,330 - 15,722 + 161,838 237,066
    Term deposits held by depository institutions 5,113 0 + 5,113 5,113
    U.S. Treasury, general account 37,919 - 12,015 - 5,322 27,229
    U.S. Treasury, supplementary financing account 199,961 - 1 + 169,969 199,961
    Foreign official 2,178 + 798 - 119 1,701
    Service-related 2,396 - 3 - 837 2,396
        Required clearing balances 2,396 - 3 - 837 2,396
        Adjustments to compensate for float 0 0 0 0
    Other 762 - 4,503 - 6,968 665
Other liabilities and capital 18 72,416 - 92 + 10,879 73,215
 
Total factors, other than reserve balances,
    absorbing reserve funds		 1,339,224 - 21,012 + 211,417 1,329,407
 
Reserve balances with Federal Reserve Banks 1,003,189 + 19,987 - 82,209 1,008,239
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 27, 2010
Week ended
Oct 27, 2010		 Change from week ended
Oct 20, 2010 Oct 28, 2009
Marketable securities held in custody for foreign
    official and international accounts 1		 3,294,073 + 12,942 + 395,488 3,300,448
    U.S. Treasury securities 2,562,177 + 14,825 + 426,267 2,569,752
    Federal agency securities 2 731,896 - 1,883 - 30,779 730,696
Securities lent to dealers 5,452 - 363 - 856 4,608
    Overnight facility 3 5,452 - 363 - 856 4,608
        U.S. Treasury securities 4,288 - 51 - 1,361 3,508
        Federal agency debt securities 1,164 - 312 + 505 1,100
    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 27, 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 76 0 0 47,488 0 ... 47,564
U.S. Treasury securities 2  
    Holdings 12,096 21,821 48,852 362,505 246,571 146,003 837,848
    Weekly changes - 5,938 + 5,938 + 1 + 2,594 + 363 + 2,769 + 5,727
Federal agency debt securities 3  
    Holdings 0 5,057 36,956 73,522 31,799 2,347 149,681
    Weekly changes - 1,062 + 1,261 - 1,261 0 0 0 - 1,062
Mortgage-backed securities 4  
    Holdings 0 0 0 27 21 1,050,990 1,051,037
    Weekly changes 0 0 0 0 0 - 14,712 - 14,714
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 55,552 0 ... ... ... ... 55,552
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 27, 2010
Mortgage-backed securities held outright 1 1,051,037
 
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 27, 2010
Net portfolio holdings of Maiden Lane LLC 1 28,469
 
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 2 582
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. 3 1,302
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 September 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 27, 2010
Net portfolio holdings of Maiden Lane II LLC 1 16,472
 
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 2 421
Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc. 3 1,065
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 September 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 27, 2010
Net portfolio holdings of Maiden Lane III LLC 1 23,532
 
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 2 513
Outstanding principal amount and accrued interest on loan payable to American International Group, Inc. 3 5,335
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 September 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 27, 2010
Asset-backed securities holdings 1 0
Other investments, net 622
Net portfolio holdings of TALF LLC 622
 
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 27, 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 96
 
Preferred interests in AIA Aurora LLC 1 16,676
Accrued dividends on preferred interests in AIA Aurora LLC 2 62
 
Preferred interests in ALICO Holdings LLC 1 9,380
Accrued dividends on preferred interests in ALICO Holdings LLC 2 35
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 27, 2010		 Change since
Wednesday
Oct 20, 2010		 Wednesday
Oct 28, 2009
Assets  
    Gold certificate account   11,037 0 0
    Special drawing rights certificate account   5,200 0 0
    Coin   2,188 + 42 + 125
    Securities, repurchase agreements, term auction
        credit, and other loans		   2,086,130 - 10,769 + 147,478
        Securities held outright 1   2,038,566 - 10,049 + 348,338
            U.S. Treasury securities   837,848 + 5,727 + 63,287
                Bills 2   18,423 0 0
                Notes and bonds, nominal 2   770,841 + 4,990 + 65,128
                Notes and bonds, inflation-indexed 2   42,978 + 660 - 1,665
                Inflation compensation 3   5,606 + 77 - 177
            Federal agency debt securities 2   149,681 - 1,062 + 8,080
            Mortgage-backed securities 4   1,051,037 - 14,714 + 276,971
        Repurchase agreements 5   0 0 0
        Term auction credit   0 0 - 139,245
        Other loans   47,564 - 720 - 61,615
    Net portfolio holdings of Commercial Paper
        Funding Facility LLC 6		   0 0 - 19,023
    Net portfolio holdings of Maiden Lane LLC 7   28,469 + 583 + 2,187
    Net portfolio holdings of Maiden Lane II LLC 8   16,472 + 788 + 465
    Net portfolio holdings of Maiden Lane III LLC 9   23,532 + 688 + 365
    Net portfolio holdings of TALF LLC 10   622 + 21 + 622
    Preferred interests in AIA Aurora LLC and ALICO
        Holdings LLC 11		   26,057 0 + 26,057
    Items in process of collection (85) 284 - 67 - 131
    Bank premises   2,226 + 1 - 3
    Central bank liquidity swaps 12   60 - 500 - 32,870
    Other assets 13   96,157 - 678 + 8,489
 
Total assets (85) 2,298,434 - 9,892 + 133,761
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 27, 2010		 Change since
Wednesday
Oct 20, 2010		 Wednesday
Oct 28, 2009
Liabilities  
    Federal Reserve notes, net of F.R. Bank holdings   922,325 + 947 + 47,487
    Reverse repurchase agreements 14   55,552 - 3,008 - 8,894
    Deposits (0) 1,245,275 - 9,395 + 86,700
        Term deposits held by depository institutions   5,113 0 + 5,113
        Other deposits held by depository institutions   1,010,605 + 15,572 - 72,842
        U.S. Treasury, general account   27,229 - 24,994 - 3,334
        U.S. Treasury, supplementary financing account   199,961 - 1 + 169,969
        Foreign official   1,701 + 45 - 1,714
        Other (0) 665 - 17 - 10,493
    Deferred availability cash items (85) 2,066 - 27 - 320
    Other liabilities and accrued dividends 15   15,902 + 776 + 3,991
 
Total liabilities (85) 2,241,120 - 10,707 + 128,965
 
Capital accounts  
    Capital paid in   26,715 + 14 + 1,772
    Surplus   25,898 + 6 + 4,492
    Other capital accounts   4,700 + 795 - 1,468
 
Total capital   57,313 + 814 + 4,796
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 27, 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 2,188 69 78 174 162 320 203 332 35 61 157 232 365
    Securities, repurchase agreements,
        term auction credit, and other
        loans		 2,086,130 51,590 879,335 47,611 69,262 232,171 192,906 153,682 52,511 27,918 69,941 85,605 223,599
        Securities held outright 1 2,038,566 51,589 831,843 47,606 69,262 232,171 192,905 153,680 52,510 27,908 69,931 85,600 223,562
            U.S. Treasury securities 837,848 21,203 341,886 19,566 28,466 95,422 79,284 63,162 21,581 11,470 28,742 35,182 91,884
                Bills 2 18,423 466 7,517 430 626 2,098 1,743 1,389 475 252 632 774 2,020
                Notes and bonds 3 819,425 20,737 334,369 19,136 27,841 93,324 77,540 61,773 21,107 11,218 28,110 34,408 89,863
            Federal agency debt securities 2 149,681 3,788 61,078 3,495 5,086 17,047 14,164 11,284 3,856 2,049 5,135 6,285 16,415
            Mortgage-backed securities 4 1,051,037 26,598 428,879 24,545 35,710 119,702 99,457 79,234 27,073 14,388 36,055 44,134 115,263
        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 47,564 1 47,492 5 0 0 2 2 1 10 10 5 37
    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		 28,469 0 28,469 0 0 0 0 0 0 0 0 0 0
    Net portfolio holdings of Maiden
        Lane II LLC 8		 16,472 0 16,472 0 0 0 0 0 0 0 0 0 0
    Net portfolio holdings of Maiden
        Lane III LLC 9		 23,532 0 23,532 0 0 0 0 0 0 0 0 0 0
    Net portfolio holdings of TALF LLC 10 622 0 622 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 369 10 0 60 112 7 37 39 19 10 15 34 25
    Bank premises 2,226 126 256 69 142 238 218 210 135 108 265 247 213
    Central bank liquidity swaps 12 60 2 17 7 4 17 4 1 1 2 0 1 4
    Other assets 13 96,157 2,759 36,138 4,538 4,343 15,317 8,196 5,841 2,059 1,717 2,603 3,297 9,349
    Interdistrict settlement account 0 + 3,436 + 119,608 + 25,180 - 20,306 - 11,424 - 39,715 - 30,017 - 12,479 - 1,853 - 14,573 - 508 - 17,349
 
Total assets 2,298,518 58,557 1,136,439 78,252 54,419 237,902 163,888 131,400 42,755 28,255 58,858 89,841 217,951
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 27, 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 1,130,012 40,938 387,877 45,645 45,985 89,400 143,821 87,316 32,792 20,154 33,639 76,547 125,897
        Less: Notes held by F.R. Banks 207,687 4,353 82,325 5,373 8,336 14,154 26,785 12,640 4,560 5,884 3,462 11,836 27,978
            Federal Reserve notes, net 922,325 36,585 305,552 40,272 37,649 75,246 117,036 74,676 28,231 14,270 30,177 64,712 97,919
    Reverse repurchase agreements 14 55,552 1,406 22,668 1,297 1,887 6,327 5,257 4,188 1,431 760 1,906 2,333 6,092
    Deposits 1,245,275 18,419 779,112 30,560 10,284 142,854 37,748 50,563 12,371 11,016 26,004 21,593 104,753
        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		 1,010,605 18,358 546,443 30,555 10,270 142,649 37,743 50,192 12,336 11,013 25,984 21,587 103,475
        U.S. Treasury, general account 27,229 0 27,229 0 0 0 0 0 0 0 0 0 0
        U.S. Treasury, supplementary
            financing account		 199,961 0 199,961 0 0 0 0 0 0 0 0 0 0
        Foreign official 1,701 1 1,672 4 3 11 2 1 0 1 0 1 3
        Other 665 10 234 0 1 131 0 266 6 0 1 0 15
    Deferred availability cash items 2,151 68 0 223 464 92 102 142 58 445 92 97 369
    Other liabilities and accrued
        dividends 15		 15,902 197 12,171 242 265 750 517 416 182 142 187 265 567
 
Total liabilities 2,241,205 56,674 1,119,504 72,593 50,550 225,269 160,659 129,984 42,273 26,634 58,365 88,999 209,700
 
Capital  
    Capital paid in 26,715 916 7,666 2,831 1,924 5,434 1,552 671 215 807 229 400 4,070
    Surplus 25,898 946 7,693 2,804 1,911 7,141 1,581 621 239 712 210 353 1,688
    Other capital 4,700 21 1,577 24 34 57 96 124 29 103 54 89 2,492
 
Total liabilities and capital 2,298,518 58,557 1,136,439 78,252 54,419 237,902 163,888 131,400 42,755 28,255 58,858 89,841 217,951
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 27, 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 27, 2010
Federal Reserve notes outstanding 1,130,012
    Less: Notes held by F.R. Banks not subject to collateralization 207,687
        Federal Reserve notes to be collateralized 922,325
Collateral held against Federal Reserve notes 922,325
    Gold certificate account 11,037
    Special drawing rights certificate account 5,200
    U.S. Treasury, agency debt, and mortgage-backed securities pledged 1,2 906,088
    Other assets pledged 0
Memo:  
Total U.S. Treasury, agency debt, and mortgage-backed securities 1,2 2,038,566
    Less: Face value of securities under reverse repurchase agreements 54,154
        U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 1,984,412
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 28, 2010