FRB: H.4.1 Release--Factors Affecting Reserve Balances--November 25, 2011

FEDERAL RESERVE statistical release
H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
November 25, 2011

1. Factors Affecting Reserve Balances of Depository Institutions
Millions of dollars
Reserve Bank credit, related items, and Averages of daily figures Wednesday
reserve balances of depository institutions at Week ended Change from week ended Nov 23, 2011
Federal Reserve Banks Nov 23, 2011 Nov 16, 2011 Nov 24, 2010

Reserve Bank credit 2,808,297 - 11,748 + 490,802 2,804,826
Securities held outright (1) 2,617,092 - 6,967 + 538,738 2,612,305
U.S. Treasury securities 1,668,489 - 259 + 776,971 1,664,795
Bills (2) 18,423 0 0 18,423
Notes and bonds, nominal (2) 1,572,353 - 285 + 748,397 1,568,646
Notes and bonds, inflation-indexed (2) 67,922 0 + 24,443 67,922
Inflation compensation (3) 9,792 + 26 + 4,132 9,805
Federal agency debt securities (2) 106,775 - 844 - 41,986 105,909
Mortgage-backed securities (4) 841,828 - 5,864 - 196,247 841,600
Repurchase agreements (5) 0 0 0 0
Loans 10,228 - 292 - 36,104 9,882
Primary credit 25 + 16 - 133 105
Secondary credit 0 0 0 0
Seasonal credit 15 - 5 - 8 16
Credit extended to American International
Group, Inc., net (6) 0 0 - 19,989 0
Term Asset-Backed Securities Loan Facility (7) 10,188 - 303 - 15,973 9,761
Other credit extensions 0 0 0 0
Net portfolio holdings of Maiden Lane LLC (8) 10,600 - 1,702 - 16,931 10,598
Net portfolio holdings of Maiden Lane II LLC (9) 9,342 + 5 - 6,944 9,344
Net portfolio holdings of Maiden Lane III LLC (10) 17,833 - 227 - 5,507 17,837
Net portfolio holdings of TALF LLC (11) 798 + 4 + 154 803
Preferred interests in AIA Aurora LLC and ALICO
Holdings LLC (6) 0 0 - 26,057 0
Float -863 + 295 + 746 -901
Central bank liquidity swaps (12) 2,400 + 51 + 2,340 2,400
Other Federal Reserve assets (13) 140,868 - 2,913 + 40,367 142,558
Gold stock 11,041 0 0 11,041
Special drawing rights certificate account 5,200 0 0 5,200
Treasury currency outstanding (14) 44,180 + 14 + 697 44,180

Total factors supplying reserve funds 2,868,717 - 11,735 + 491,498 2,865,246

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 Averages of daily figures Wednesday
reserve balances of depository institutions at Week ended Change from week ended Nov 23, 2011
Federal Reserve Banks Nov 23, 2011 Nov 16, 2011 Nov 24, 2010

Currency in circulation (14) 1,058,836 + 1,217 + 84,532 1,062,585
Reverse repurchase agreements (15) 91,329 - 2,353 + 34,451 84,779
Foreign official and international accounts 91,329 - 2,353 + 34,451 84,779
Others 0 0 0 0
Treasury cash holdings 105 - 6 - 88 102
Deposits with F.R. Banks, other than reserve balances 141,766 + 66,453 - 93,126 157,366
Term deposits held by depository institutions 5,055 + 5,055 + 5,055 5,055
U.S. Treasury, General Account 44,347 + 14,561 + 14,956 34,535
U.S. Treasury, Supplementary Financing Account 0 0 - 199,960 0
Foreign official 1,197 + 1,044 - 1,574 124
Service-related 2,505 0 + 139 2,505
Required clearing balances 2,505 0 + 139 2,505
Adjustments to compensate for float 0 0 0 0
Other 88,662 + 45,794 + 88,259 115,147
Funds from American International Group, Inc. asset
dispositions, held as agent (6) 0 0 - 26,774 0
Other liabilities and capital (16) 71,385 + 1,476 - 1,666 71,086

Total factors, other than reserve balances,
absorbing reserve funds 1,363,420 + 66,786 - 2,672 1,375,918

Reserve balances with Federal Reserve Banks 1,505,297 - 78,521 + 494,169 1,489,328

Note: Components may not sum to totals because of rounding.

1. Includes securities lent to dealers under the overnight securities lending facility; 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. As a result of the closing of the American International Group, Inc. (AIG) recapitalization plan on
January 14, 2011, the credit extended to AIG was fully repaid and the Federal Reserve's commitment to lend
any further funds was terminated. In addition, the Federal Reserve Bank of New York (FRBNY) has been paid
in full for its preferred interests in AIA Aurora LLC and ALICO Holdings LLC. The funds from AIG asset
dispositions that FRBNY held as agent were the source of repayment of the credit extended to AIG, as well
as a portion of the FRBNY's preferred interests in ALICO Holdings LLC. The remaining FRBNY preferred
interests in ALICO Holdings LLC and AIA Aurora LLC, valued at approximately $20 billion, were purchased by
AIG through a draw on the Treasury's Series F preferred stock commitment and then transferred by AIG to
the Treasury as consideration for the draw on the available Series F funds.
7. Includes credit extended by the Federal Reserve Bank of New York to eligible borrowers through the Term
Asset-Backed Securities Loan Facility.
8. Refer to table 4 and the note on consolidation accompanying table 9.
9. Refer to table 5 and the note on consolidation accompanying table 9.
10. Refer to table 6 and the note on consolidation accompanying table 9.
11. Refer to table 7 and the note on consolidation accompanying table 9.
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, and the fair value adjustment to credit extended by the FRBNY to eligible borrowers through the
Term Asset-Backed Securities Loan Facility. Before the closing of the AIG recapitalization plan on
January 14, 2011, included accrued dividends on the FRBNY's preferred interests in AIA Aurora LLC and
ALICO Holdings LLC.
14. Estimated.
15. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt
securities, and mortgage-backed securities.
16. 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 9. Also includes the liability for interest on Federal Reserve notes due to U.S.
Treasury. Refer to table 8 and table 9.

Sources: Federal Reserve Banks and the U.S. Department of the Treasury.

1A. Memorandum Items
Millions of dollars
Averages of daily figures Wednesday
Week ended Change from week ended Nov 23, 2011
Memorandum item Nov 23, 2011 Nov 16, 2011 Nov 24, 2010

Marketable securities held in custody for foreign
official and international accounts (1) 3,456,703 + 2,992 + 115,286 3,449,645
U.S. Treasury securities 2,738,558 + 5,785 + 130,247 2,729,927
Federal agency securities (2) 718,144 - 2,794 - 14,962 719,718
Securities lent to dealers 11,294 - 35 + 2,823 10,779
Overnight facility (3) 11,294 - 35 + 2,823 10,779
U.S. Treasury securities 9,980 - 199 + 2,480 9,478
Federal agency debt securities 1,313 + 163 + 342 1,301

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.

2. Maturity Distribution of Securities, Loans, and Selected Other Assets and Liabilities, November 23, 2011
Millions of dollars
Within 15 16 days to 91 days to Over 1 year Over 5 years Over 10 All
Remaining maturity days 90 days 1 year to 5 years to 10 years years

Loans (1) 121 0 4,023 5,738 0 ... 9,882
U.S. Treasury securities (2)
Holdings 17,469 27,168 99,696 674,996 633,612 211,854 1,664,795
Weekly changes - 3,520 + 12,299 - 17,308 - 17,256 + 29,251 - 14,508 - 11,041
Federal agency debt securities (3)
Holdings 0 5,092 21,534 60,790 16,146 2,347 105,909
Weekly changes - 1,588 + 681 + 1,088 - 1,769 0 0 - 1,588
Mortgage-backed securities (4)
Holdings 0 0 0 12 22 841,565 841,600
Weekly changes 0 0 0 0 0 - 383 - 383
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) 552 1,848 0 0 0 0 2,400

Reverse repurchase agreements (6) 84,779 0 ... ... ... ... 84,779
Term deposits 0 5,055 0 ... ... ... 5,055

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
Millions of dollars
Wednesday
Account name Nov 23, 2011

Mortgage-backed securities held outright (1) 841,600

Commitments to buy mortgage-backed securities (2) 40,500
Commitments to sell mortgage-backed securities (2) 0

Cash and cash equivalents (3) 6

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 8 and table 9.

4. Information on Principal Accounts of Maiden Lane LLC
Millions of dollars
Wednesday
Account name Nov 23, 2011

Net portfolio holdings of Maiden Lane LLC (1) 10,598

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 7,523
Accrued interest payable to the Federal Reserve Bank of New York (2) 750
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3) 1,378

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, 2011. 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 9.
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 8 and table 9.

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
Wednesday
Account name Nov 23, 2011

Net portfolio holdings of Maiden Lane II LLC (1) 9,344

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 6,368
Accrued interest payable to the Federal Reserve Bank of New York (2) 560
Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc. (3) 1,102

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, 2011. 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 9.
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
8 and table 9.

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
Wednesday
Account name Nov 23, 2011

Net portfolio holdings of Maiden Lane III LLC (1) 17,837

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 9,406
Accrued interest payable to the Federal Reserve Bank of New York (2) 679
Outstanding principal amount and accrued interest on loan payable to American International Group, Inc. (3) 5,523

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
Wednesday
Account name Nov 23, 2011

Asset-backed securities holdings (1) 0
Other investments, net 803
Net portfolio holdings of TALF LLC 803

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) 109

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 9.
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 8 and table 9.

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. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of dollars
Eliminations from Wednesday Change since
consolidation Nov 23, 2011 Wednesday Wednesday
Assets, liabilities, and capital Nov 16, 2011 Nov 24, 2010

Assets
Gold certificate account 11,037 0 0
Special drawing rights certificate account 5,200 0 0
Coin 2,249 - 33 + 158
Securities, repurchase agreements, and loans 2,622,187 - 13,633 + 488,284
Securities held outright (1) 2,612,305 - 13,011 + 525,086
U.S. Treasury securities 1,664,795 - 11,041 + 763,557
Bills (2) 18,423 0 0
Notes and bonds, nominal (2) 1,568,646 - 11,072 + 736,520
Notes and bonds, inflation-indexed (2) 67,922 0 + 23,046
Inflation compensation (3) 9,805 + 31 + 3,991
Federal agency debt securities (2) 105,909 - 1,588 - 42,269
Mortgage-backed securities (4) 841,600 - 383 - 196,203
Repurchase agreements (5) 0 0 0
Loans 9,882 - 622 - 36,803
Net portfolio holdings of Maiden Lane LLC (6) 10,598 - 2 - 16,952
Net portfolio holdings of Maiden Lane II LLC (7) 9,344 + 3 - 6,947
Net portfolio holdings of Maiden Lane III LLC (8) 17,837 + 5 - 5,507
Net portfolio holdings of TALF LLC (9) 803 + 9 + 156
Preferred interests in AIA Aurora LLC and ALICO
Holdings LLC (10) 0 0 - 26,057
Items in process of collection (83) 330 + 129 + 87
Bank premises 2,180 - 1 - 46
Central bank liquidity swaps (11) 2,400 + 51 + 2,340
Other assets (12) 140,373 + 3,824 + 40,235

Total assets (83) 2,824,537 - 9,649 + 475,749

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.

8. Consolidated Statement of Condition of All Federal Reserve Banks (continued)
Millions of dollars
Eliminations from Wednesday Change since
consolidation Nov 23, 2011 Wednesday Wednesday
Assets, liabilities, and capital Nov 16, 2011 Nov 24, 2010

Liabilities
Federal Reserve notes, net of F.R. Bank holdings 1,020,751 + 4,379 + 83,415
Reverse repurchase agreements (13) 84,779 - 12,050 + 30,070
Deposits (0) 1,646,690 - 3,085 + 391,424
Term deposits held by depository institutions 5,055 + 5,055 + 5,055
Other deposits held by depository institutions 1,491,829 - 85,738 + 463,997
U.S. Treasury, General Account 34,535 - 10,247 + 10,498
U.S. Treasury, Supplementary Financing Account 0 0 - 199,960
Foreign official 124 - 1 - 2,886
Other (0) 115,147 + 87,845 + 114,720
Deferred availability cash items (83) 1,231 - 335 - 845
Other liabilities and accrued dividends (14) 17,161 - 316 - 25,477

Total liabilities (83) 2,770,612 - 11,408 + 478,587

Capital accounts
Capital paid in 26,963 + 880 + 171
Surplus 26,963 + 880 + 1,042
Other capital accounts 0 0 - 4,050

Total capital 53,925 + 1,759 - 2,838

Note: Components may not sum to totals because of rounding.

1. Includes securities lent to dealers under the overnight securities lending facility; 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. Refer to table 4 and the note on consolidation accompanying table 9.
7. Refer to table 5 and the note on consolidation accompanying table 9.
8. Refer to table 6 and the note on consolidation accompanying table 9.
9. Refer to table 7 and the note on consolidation accompanying table 9.
10. As a result of the closing of the AIG recapitalization plan on January 14, 2011, the Federal Reserve Bank
of New York has been paid in full for its preferred interests in AIA Aurora LLC and ALICO Holdings LLC. A
portion of the preferred interests was redeemed by AIG with the funds from AIG asset dispositions that were
held as agent by the Federal Reserve.
11. 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.
12. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates
and the fair value adjustment to credit extended by the Federal Reserve Bank of New York (FRBNY) to
eligible borrowers through the Term Asset-Backed Securities Loan Facility. Before the closing of the AIG
recapitalization plan on January 14, 2011, included accrued dividends on the FRBNY's preferred interests in
AIA Aurora LLC and ALICO Holdings LLC.
13. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt
securities, and mortgage-backed securities.
14. 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 9. Also includes the liability for interest on Federal Reserve notes due to U.S.
Treasury. Before the closing of the AIG recapitalization plan on January 14, 2011, included funds from
American International Group, Inc. asset dispositions, held as agent.

9. Statement of Condition of Each Federal Reserve Bank, November 23, 2011
Millions of dollars
Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas Dallas San
Assets, liabilities, and capital City Francisco

Assets
Gold certificate account 11,037 390 3,866 432 450 872 1,394 854 319 197 318 728 1,217
Special drawing rights certificate acct. 5,200 196 1,818 210 237 412 654 424 150 90 153 282 574
Coin 2,249 57 79 162 165 391 198 334 30 57 170 230 375
Securities, repurchase agreements,
and loans 2,622,187 64,227 1,224,695 89,487 70,564 301,695 194,206 155,142 49,444 40,149 69,498 103,317 259,764
Securities held outright (1) 2,612,305 64,227 1,214,834 89,487 70,564 301,695 194,206 155,133 49,443 40,147 69,489 103,317 259,764
U.S. Treasury securities 1,664,795 40,931 774,201 57,029 44,970 192,267 123,765 98,865 31,510 25,585 44,284 65,843 165,545
Bills (2) 18,423 453 8,567 631 498 2,128 1,370 1,094 349 283 490 729 1,832
Notes and bonds (3) 1,646,373 40,478 765,634 56,398 44,472 190,139 122,396 97,771 31,161 25,302 43,794 65,114 163,713
Federal agency debt securities (2) 105,909 2,604 49,252 3,628 2,861 12,231 7,874 6,289 2,005 1,628 2,817 4,189 10,531
Mortgage-backed securities (4) 841,600 20,692 391,380 28,830 22,733 97,196 62,567 49,979 15,929 12,934 22,387 33,285 83,687
Repurchase agreements (5) 0 0 0 0 0 0 0 0 0 0 0 0 0
Loans 9,882 0 9,861 0 0 0 0 9 1 2 10 0 0
Net portfolio holdings of Maiden
Lane LLC (6) 10,598 0 10,598 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of Maiden
Lane II LLC (7) 9,344 0 9,344 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of Maiden
Lane III LLC (8) 17,837 0 17,837 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of TALF LLC (9) 803 0 803 0 0 0 0 0 0 0 0 0 0
Preferred interests in AIA Aurora LLC
and ALICO Holdings LLC (10) 0 0 0 0 0 0 0 0 0 0 0 0 0
Items in process of collection 412 8 0 65 63 5 77 24 5 13 5 13 134
Bank premises 2,180 121 258 67 126 232 214 206 134 105 259 246 212
Central bank liquidity swaps (11) 2,400 83 695 232 178 492 138 61 20 74 22 36 369
Other assets (12) 140,373 3,736 60,400 6,577 5,039 18,617 10,000 7,423 2,386 2,600 3,277 4,949 15,369
Interdistrict settlement account 0 + 1,785 + 266,195 - 12,851 + 934 - 129,924 - 34,636 - 19,961 - 7,957 - 15,962 - 18,751 + 2,389 - 31,261

Total assets 2,824,620 70,604 1,596,589 84,383 77,755 192,791 172,244 144,506 44,532 27,324 54,952 112,189 246,752

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.

9. Statement of Condition of Each Federal Reserve Bank, November 23, 2011 (continued)
Millions of dollars
Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas Dallas San
Assets, liabilities, and capital City Francisco

Liabilities
Federal Reserve notes outstanding 1,191,154 44,447 408,587 46,355 54,404 95,137 146,146 89,980 33,735 20,949 34,829 80,680 135,906
Less: Notes held by F.R. Banks 170,402 5,113 46,944 6,807 10,421 11,444 26,384 12,636 4,164 5,256 3,601 11,992 25,640
Federal Reserve notes, net 1,020,751 39,334 361,643 39,548 43,983 83,692 119,761 77,344 29,571 15,693 31,228 68,688 110,265
Reverse repurchase agreements (13) 84,779 2,084 39,426 2,904 2,290 9,791 6,303 5,035 1,605 1,303 2,255 3,353 8,430
Deposits 1,646,690 26,990 1,165,481 36,600 27,020 87,254 42,475 60,036 12,661 9,703 20,662 38,920 118,888
Term deposits held by depository
institutions 5,055 10 2,318 503 0 15 5 1,505 50 65 155 5 425
Other deposits held by depository
institutions 1,491,829 26,972 1,013,565 36,094 27,016 87,102 42,467 58,496 12,609 9,635 20,505 38,913 118,454
U.S. Treasury, General Account 34,535 0 34,535 0 0 0 0 0 0 0 0 0 0
U.S. Treasury, Supplementary
Financing Account 0 0 0 0 0 0 0 0 0 0 0 0 0
Foreign official 124 1 95 4 3 8 2 1 0 1 0 1 6
Other 115,147 7 114,968 0 1 129 0 34 2 2 1 1 3
Deferred availability cash items 1,314 77 0 201 172 39 75 91 53 243 68 67 228
Interest on Federal Reserve notes due
to U.S. Treasury (14) 1,125 43 143 50 41 199 153 129 40 27 55 59 185
Other liabilities and accrued
dividends (15) 16,036 189 12,619 264 273 696 420 350 164 135 149 254 523

Total liabilities 2,770,695 68,718 1,579,312 79,568 73,778 181,671 169,187 142,984 44,093 27,104 54,417 111,341 238,520

Capital
Capital paid in 26,963 943 8,638 2,408 1,988 5,560 1,528 761 219 110 267 424 4,116
Surplus 26,963 943 8,638 2,408 1,988 5,560 1,528 761 219 110 267 424 4,116
Other capital 0 0 0 0 0 0 0 0 0 0 0 0 0

Total liabilities and capital 2,824,620 70,604 1,596,589 84,383 77,755 192,791 172,244 144,506 44,532 27,324 54,952 112,189 246,752

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.

9. Statement of Condition of Each Federal Reserve Bank, November 23, 2011 (continued)
1. Includes securities lent to dealers under the overnight securities lending facility; 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. Refer to table 4 and the note on consolidation below.
7. Refer to table 5 and the note on consolidation below.
8. Refer to table 6 and the note on consolidation below.
9. Refer to table 7 and the note on consolidation below.
10. As a result of the closing of the AIG recapitalization plan on January 14, 2011, the Federal Reserve Bank of New York has been paid in full for its preferred interests in AIA Aurora LLC and ALICO
Holdings LLC. A portion of the preferred interests was redeemed by AIG with the funds from AIG asset dispositions that were held as agent by the Federal Reserve.
11. 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.
12. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates and the fair value adjustment to credit extended by the Federal Reserve Bank of New York
(FRBNY) to eligible borrowers through the Term Asset-Backed Securities Loan Facility. Before the closing of the AIG recapitalization plan on January 14, 2011, included accrued dividends on the
FRBNY's preferred interests in AIA Aurora LLC and ALICO Holdings LLC.
13. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.
14. Represents the estimated weekly remittances to U.S Treasury as interest on Federal Reserve notes or, in those cases where the Reserve Bank's net earnings are not sufficient to equate surplus to
capital paid-in, the deferred asset for interest on Federal Reserve notes. The amount of any deferred asset, which is presented as a negative amount in this line, represents the amount of the
Federal Reserve Bank's earnings that must be retained before remittances to the U.S. Treasury resume. The amounts on this line are calculated in accordance with Board of Governors policy, which
requires the Federal Reserve Banks to remit residual earnings to the U.S. Treasury as interest on Federal Reserve notes after providing for the costs of operations, payment of dividends, and the
amount necessary to equate surplus with capital paid-in.
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. Before the closing of the AIG recapitalization plan on January 14,
2011, included 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 8), 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 8).

10. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts
Millions of dollars
Wednesday
Federal Reserve notes and collateral Nov 23, 2011

Federal Reserve notes outstanding 1,191,154
Less: Notes held by F.R. Banks not subject to collateralization 170,402
Federal Reserve notes to be collateralized 1,020,751
Collateral held against Federal Reserve notes 1,020,751
Gold certificate account 11,037
Special drawing rights certificate account 5,200
U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 1,004,515
Other assets pledged 0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 2,612,305
Less: Face value of securities under reverse repurchase agreements 72,579
U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 2,539,726

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 securities lending facility; refer to table
1A.

Statistical releases