Federal Reserve Statistical Release, H.4.1, Factors Affecting Reserve Balances; title with eagle logo links to Statistical Release home page
Release Date:   November 18, 2010
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For release at
4:30 P.M. EDT
November 18, 2010

The weekly average values, shown in table 1, reflect the September 30, 2010, quarterly update
to the loan restructuring adjustment for the credit extended to American International Group,
Inc., which is included in "Credit extended to American International Group, Inc., net."
The amounts for the first six days of this reporting week are based on values as of June 30,
2010, and the amounts for the last day of the reporting week are based on 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

November 18, 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
Nov 17, 2010
Week ended
Nov 17, 2010		 Change from week ended
Nov 10, 2010 Nov 18, 2009
Reserve Bank credit 2,293,180 + 3,958 + 101,799 2,297,095
    Securities held outright 1 2,054,136 + 5,532 + 280,183 2,060,890
        U.S. Treasury securities 859,180 + 11,294 + 82,656 873,618
            Bills 2 18,423 0 0 18,423
            Notes and bonds, nominal 2 792,036 + 11,173 + 84,387 806,318
            Notes and bonds, inflation-indexed 2 43,093 + 115 - 1,550 43,247
            Inflation compensation 3 5,628 + 7 - 182 5,631
        Federal agency debt securities 2 149,387 - 294 - 2,350 148,994
        Mortgage-backed securities 4 1,045,569 - 5,468 + 199,877 1,038,278
    Repurchase agreements 5 0 0 0 0
    Term auction credit 0 0 - 109,456 0
    Other loans 46,565 - 138 - 61,681 47,003
        Primary credit 25 + 12 - 19,768 113
        Secondary credit 0 - 1 0 0
        Seasonal credit 20 + 1 - 62 22
        Asset-Backed Commercial Paper Money Market
            Mutual Fund Liquidity Facility		 0 0 0 0
        Credit extended to American International
            Group, Inc., net 6		 19,651 + 196 - 25,110 20,014
        Term Asset-Backed Securities Loan Facility 7 26,870 - 345 - 16,741 26,854
        Other credit extensions 0 0 0 0
    Net portfolio holdings of Commercial Paper
        Funding Facility LLC 8		 0 0 - 15,114 0
    Net portfolio holdings of Maiden Lane LLC 9 28,092 - 418 + 1,752 27,528
    Net portfolio holdings of Maiden Lane II LLC 10 16,281 + 2 + 543 16,285
    Net portfolio holdings of Maiden Lane III LLC 11 23,324 + 83 + 390 23,339
    Net portfolio holdings of TALF LLC 12 622 0 + 391 622
    Preferred interests in AIA Aurora LLC and ALICO
        Holdings LLC 13		 26,057 0 + 26,057 26,057
    Float -1,933 - 105 + 36 -1,960
    Central bank liquidity swaps 14 64 + 4 - 28,214 65
    Other Federal Reserve assets 15 99,973 - 1,001 + 6,914 97,265
Gold stock 11,041 0 0 11,041
Special drawing rights certificate account 5,200 0 0 5,200
Treasury currency outstanding 16 43,495 + 14 + 874 43,495
 
Total factors supplying reserve funds 2,352,916 + 3,972 + 102,674 2,356,831
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
Nov 17, 2010
Week ended
Nov 17, 2010		 Change from week ended
Nov 10, 2010 Nov 18, 2009
Currency in circulation 16 973,555 + 2,575 + 54,250 973,559
Reverse repurchase agreements 17 54,745 - 300 - 5,426 54,199
    Foreign official and international accounts 54,745 - 300 - 5,426 54,199
    Others 0 0 0 0
Treasury cash holdings 168 - 6 - 67 193
Deposits with F.R. Banks, other than reserve balances 240,994 + 11,551 + 138,971 243,158
    Term deposits held by depository institutions 0 0 0 0
    U.S. Treasury, general account 21,787 + 202 - 39,847 38,705
    U.S. Treasury, supplementary financing account 199,959 + 1 + 184,960 199,959
    Foreign official 1,652 - 224 - 1,043 1,741
    Service-related 2,366 0 - 772 2,366
        Required clearing balances 2,366 0 - 772 2,366
        Adjustments to compensate for float 0 0 0 0
    Other 15,230 + 11,571 - 4,326 387
Funds from American International Group, Inc. asset
    dispositions, held as agent 18		 26,761 + 544 + 26,761 26,774
Other liabilities and capital 19 72,905 - 542 + 6,229 72,398
 
Total factors, other than reserve balances,
    absorbing reserve funds		 1,369,128 + 13,822 + 220,717 1,370,281
 
Reserve balances with Federal Reserve Banks 983,788 - 9,850 - 118,044 986,550
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. 
Pending the closing of the recapitalization plan announced by American International Group, Inc. (AIG) on September 30, 2010, the cash proceeds from the disposition of certain AIG assets will be held by the FRBNY as agent. At the closing of the recapitalization plan, the proceeds will be used first to repay in full the credit extended to AIG by the FRBNY under the revolving credit facility and then to retire a portion of the FRBNY's preferred interests in AIA Aurora LLC and ALICO Holdings LLC (preferred interests). Alternatively, if the recapitalization plan is terminated under the terms of the plan, then the proceeds from the initial public offering of AIA and the sale of ALICO will be used to redeem the preferred interests in accordance with the AIA Aurora LLC and ALICO Holdings LLC limited liability company agreements, and any excess proceeds from these transactions, as well as proceeds from the disposition of other assets, will be used to repay the credit extended to AIG under the revolving credit facility.
19. 
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
Nov 17, 2010
Week ended
Nov 17, 2010		 Change from week ended
Nov 10, 2010 Nov 18, 2009
Marketable securities held in custody for foreign
    official and international accounts 1		 3,340,913 + 4,867 + 412,940 3,344,312
    U.S. Treasury securities 2,610,561 + 6,658 + 448,832 2,614,200
    Federal agency securities 2 730,352 - 1,791 - 35,892 730,112
Securities lent to dealers 4,967 - 803 - 2,506 6,935
    Overnight facility 3 4,967 - 803 - 2,506 6,935
        U.S. Treasury securities 3,658 - 1,025 - 2,546 5,743
        Federal agency debt securities 1,309 + 222 + 40 1,192
    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, November 17, 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 1 135 0 0 46,868 0 ... 47,003
U.S. Treasury securities 2  
    Holdings 19,906 13,668 54,509 379,245 259,205 147,086 873,618
    Weekly changes + 9,351 - 9,898 + 3,858 + 11,248 + 4,943 + 1,075 + 20,577
Federal agency debt securities 3  
    Holdings 816 3,813 36,868 74,553 30,597 2,347 148,994
    Weekly changes - 687 + 259 - 88 + 1,031 - 1,202 0 - 687
Mortgage-backed securities 4  
    Holdings 0 0 0 26 21 1,038,231 1,038,278
    Weekly changes 0 0 0 - 1 0 - 12,759 - 12,759
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 65 0 0 0 0 0 65
   
Reverse repurchase agreements 6 54,199 0 ... ... ... ... 54,199
Term deposits 0 0 0 ... ... ... 0
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
Nov 17, 2010
Mortgage-backed securities held outright 1 1,038,278
 
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
Nov 17, 2010
Net portfolio holdings of Maiden Lane LLC 1 27,528
 
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York 2 25,975
Accrued interest payable to the Federal Reserve Bank of New York 2 594
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. 3 1,306
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
Nov 17, 2010
Net portfolio holdings of Maiden Lane II LLC 1 16,285
 
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York 2 13,254
Accrued interest payable to the Federal Reserve Bank of New York 2 431
Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc. 3 1,067
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
Nov 17, 2010
Net portfolio holdings of Maiden Lane III LLC 1 23,339
 
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York 2 13,922
Accrued interest payable to the Federal Reserve Bank of New York 2 524
Outstanding principal amount and accrued interest on loan payable to American International Group, Inc. 3 5,345
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
Nov 17, 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 3 106
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
Nov 17, 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 2 171
 
Preferred interests in AIA Aurora LLC 1 16,676
Accrued dividends on preferred interests in AIA Aurora LLC 2 110
 
Preferred interests in ALICO Holdings LLC 1 9,380
Accrued dividends on preferred interests in ALICO Holdings LLC 2 62
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
Nov 17, 2010		 Change since
Wednesday
Nov 10, 2010		 Wednesday
Nov 18, 2009
Assets  
    Gold certificate account   11,037 0 0
    Special drawing rights certificate account   5,200 0 0
    Coin   2,124 - 19 + 87
    Securities, repurchase agreements, term auction
        credit, and other loans		   2,107,893 + 7,458 + 113,286
        Securities held outright 1   2,060,890 + 7,131 + 284,272
            U.S. Treasury securities   873,618 + 20,577 + 97,091
                Bills 2   18,423 0 0
                Notes and bonds, nominal 2   806,318 + 20,303 + 98,669
                Notes and bonds, inflation-indexed 2   43,247 + 269 - 1,396
                Inflation compensation 3   5,631 + 6 - 182
            Federal agency debt securities 2   148,994 - 687 - 4,055
            Mortgage-backed securities 4   1,038,278 - 12,759 + 191,236
        Repurchase agreements 5   0 0 0
        Term auction credit   0 0 - 109,456
        Other loans   47,003 + 327 - 61,529
    Net portfolio holdings of Commercial Paper
        Funding Facility LLC 6		   0 0 - 15,043
    Net portfolio holdings of Maiden Lane LLC 7   27,528 - 990 + 1,179
    Net portfolio holdings of Maiden Lane II LLC 8   16,285 + 5 + 519
    Net portfolio holdings of Maiden Lane III LLC 9   23,339 + 18 + 388
    Net portfolio holdings of TALF LLC 10   622 0 + 391
    Preferred interests in AIA Aurora LLC and ALICO
        Holdings LLC 11		   26,057 0 + 26,057
    Items in process of collection (93) 349 + 82 - 101
    Bank premises   2,225 + 1 - 3
    Central bank liquidity swaps 12   65 + 5 - 28,213
    Other assets 13   94,991 - 4,601 + 7,227
 
Total assets (93) 2,317,716 + 1,958 + 105,777
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
Nov 17, 2010		 Change since
Wednesday
Nov 10, 2010		 Wednesday
Nov 18, 2009
Liabilities  
    Federal Reserve notes, net of F.R. Bank holdings   932,377 - 1,374 + 53,020
    Reverse repurchase agreements 14   54,199 - 889 - 5,707
    Deposits (0) 1,229,659 + 4,146 + 23,839
        Term deposits held by depository institutions   0 0 0
        Other deposits held by depository institutions   988,866 - 17,952 - 120,403
        U.S. Treasury, general account   38,705 + 30,438 - 23,604
        U.S. Treasury, supplementary financing account   199,959 + 1 + 184,960
        Foreign official   1,741 - 43 - 1,216
        Other (0) 387 - 8,298 - 15,898
    Deferred availability cash items (93) 2,309 + 104 - 35
    Other liabilities and accrued dividends 15   42,860 + 205 + 30,176
 
Total liabilities (93) 2,261,404 + 2,191 + 101,293
 
Capital accounts  
    Capital paid in   26,739 + 12 + 1,377
    Surplus   25,915 + 5 + 4,484
    Other capital accounts   3,658 - 250 - 1,376
 
Total capital   56,312 - 233 + 4,484
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. Also includes funds from American International Group, Inc. asset dispositions, held as agent.


10. Statement of Condition of Each Federal Reserve Bank, November 17, 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 2,124 65 78 170 159 321 186 327 30 58 156 226 349
    Securities, repurchase agreements,
        term auction credit, and other
        loans		 2,107,893 52,159 887,824 48,128 70,021 234,713 195,020 155,364 53,085 28,225 70,703 86,541 226,111
        Securities held outright 1 2,060,890 52,154 840,952 48,128 70,020 234,713 195,017 155,363 53,085 28,213 70,697 86,538 226,010
            U.S. Treasury securities 873,618 22,108 356,482 20,402 29,682 99,496 82,668 65,859 22,503 11,960 29,969 36,684 95,806
                Bills 2 18,423 466 7,517 430 626 2,098 1,743 1,389 475 252 632 774 2,020
                Notes and bonds 3 855,195 21,642 348,965 19,971 29,056 97,398 80,925 64,470 22,028 11,707 29,337 35,910 93,786
            Federal agency debt securities 2 148,994 3,771 60,797 3,479 5,062 16,969 14,099 11,232 3,838 2,040 5,111 6,256 16,340
            Mortgage-backed securities 4 1,038,278 26,275 423,672 24,247 35,276 118,249 98,250 78,272 26,744 14,214 35,617 43,598 113,864
        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 47,003 5 46,872 0 0 0 3 1 0 12 6 3 102
    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		 27,528 0 27,528 0 0 0 0 0 0 0 0 0 0
    Net portfolio holdings of Maiden
        Lane II LLC 8		 16,285 0 16,285 0 0 0 0 0 0 0 0 0 0
    Net portfolio holdings of Maiden
        Lane III LLC 9		 23,339 0 23,339 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 443 9 0 50 111 55 51 44 21 8 21 38 34
    Bank premises 2,225 128 255 69 141 239 217 210 135 107 265 246 213
    Central bank liquidity swaps 12 65 2 19 7 5 18 4 2 1 2 1 1 4
    Other assets 13 94,991 2,723 35,792 4,467 4,278 15,102 8,079 5,767 2,040 1,693 2,571 3,255 9,224
    Interdistrict settlement account 0 + 3,926 + 95,565 + 25,381 - 13,842 - 23,182 - 36,186 - 30,134 - 11,634 - 2,474 - 9,402 + 1,422 + 560
 
Total assets 2,317,809 59,578 1,119,220 78,885 61,572 228,524 169,411 132,891 44,153 27,913 64,763 92,662 238,240
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, November 17, 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 1,126,776 41,157 385,614 45,810 45,953 89,570 142,498 87,373 32,740 20,199 33,566 76,366 125,931
        Less: Notes held by F.R. Banks 194,399 4,473 75,318 5,168 7,487 13,247 24,620 12,105 4,262 5,665 3,297 11,480 27,277
            Federal Reserve notes, net 932,377 36,684 310,296 40,642 38,466 76,323 117,878 75,268 28,479 14,534 30,269 64,885 98,654
    Reverse repurchase agreements 14 54,199 1,372 22,116 1,266 1,841 6,173 5,129 4,086 1,396 742 1,859 2,276 5,944
    Deposits 1,229,659 19,373 731,639 30,844 16,614 132,563 42,566 51,530 13,542 10,484 31,845 24,289 124,369
        Term deposits held by depository
            institutions		 0 0 0 0 0 0 0 0 0 0 0 0 0
        Other deposits held by depository
            institutions		 988,866 19,345 491,049 30,839 16,610 132,440 42,563 51,513 13,539 10,483 31,844 24,288 124,352
        U.S. Treasury, general account 38,705 0 38,705 0 0 0 0 0 0 0 0 0 0
        U.S. Treasury, supplementary
            financing account		 199,959 0 199,959 0 0 0 0 0 0 0 0 0 0
        Foreign official 1,741 1 1,713 4 3 11 2 1 0 1 0 1 3
        Other 387 26 213 0 1 113 0 15 3 0 1 0 14
    Deferred availability cash items 2,403 76 12 246 515 97 120 179 73 392 120 113 460
    Other liabilities and accrued
        dividends 15		 42,860 203 39,100 251 268 759 507 419 185 144 186 261 577
 
Total liabilities 2,261,497 57,706 1,103,163 73,249 57,704 215,915 166,200 131,482 43,675 26,296 64,280 91,824 230,003
 
Capital  
    Capital paid in 26,739 916 7,677 2,831 1,928 5,435 1,555 671 215 806 228 400 4,077
    Surplus 25,915 946 7,710 2,804 1,911 7,141 1,581 621 239 712 210 353 1,688
    Other capital 3,658 9 670 1 30 33 74 117 24 98 46 84 2,471
 
Total liabilities and capital 2,317,809 59,578 1,119,220 78,885 61,572 228,524 169,411 132,891 44,153 27,913 64,763 92,662 238,240
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, November 17, 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. Also includes funds from American International Group, Inc. asset dispositions, held as agent.


Note on consolidation:


The Federal Reserve Bank of New York (FRBNY) has extended loans to several limited liability companies under the authority of section 13(3) of the Federal Reserve Act. On June 26, 2008, a loan was extended to Maiden Lane LLC, which was formed to acquire certain assets of Bear Stearns. On November 25, 2008, a loan was extended to Maiden Lane III LLC, which was formed to purchase multi-sector collateralized debt obligations on which the Financial Products group of the American International Group, Inc. has written credit default swap contracts. On December 12, 2008, a loan was extended to Maiden Lane II LLC, which was formed to purchase residential mortgage-backed securities from the U.S. securities lending reinvestment portfolio of subsidiaries of American International Group, Inc. On November 25, 2008, the Federal Reserve Board authorized the FRBNY to extend credit to TALF LLC, which was formed to purchase and manage any asset-backed securities received by the FRBNY in connection with the decision of a borrower not to repay a loan extended under the Term Asset-Backed Securities Loan Facility.


The FRBNY is the primary beneficiary of TALF LLC, because of the two beneficiaries of the LLC, the FRBNY and the U.S. Treasury, the FRBNY is primarily responsible for directing the financial activities of TALF LLC. The FRBNY is the primary beneficiary of the other LLCs cited above because it will receive a majority of any residual returns of the LLCs and absorb a majority of any residual losses of the LLCs. Consistent with generally accepted accounting principles, the assets and liabilities of these LLCs have been consolidated with the assets and liabilities of the FRBNY in the preparation of the statements of condition shown on this release. As a consequence of the consolidation, the extensions of credit from the FRBNY to the LLCs are eliminated, the net assets of the LLCs appear as assets on the previous page (and in table 1 and table 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
Nov 17, 2010
Federal Reserve notes outstanding 1,126,776
    Less: Notes held by F.R. Banks not subject to collateralization 194,399
        Federal Reserve notes to be collateralized 932,377
Collateral held against Federal Reserve notes 932,377
    Gold certificate account 11,037
    Special drawing rights certificate account 5,200
    U.S. Treasury, agency debt, and mortgage-backed securities pledged 1,2 916,140
    Other assets pledged 0
Memo:  
Total U.S. Treasury, agency debt, and mortgage-backed securities 1,2 2,060,890
    Less: Face value of securities under reverse repurchase agreements 48,509
        U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 2,012,381
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: November 18, 2010