For release at 4:30 P.M. EDT November 4, 2010 The Board's H.4.1 statistical release, "Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks," has been modified to report the funds held as agent by the Federal Reserve Bank of New York (FRBNY) related to the recapitalization plan announced by American International Group, Inc. (AIG) on September 30, 2010. The recapitalization plan, which is expected to close by the end of the first quarter of 2011, is designed to restructure and facilitate repayment of the financial support provided to AIG by the U.S. Department of the Treasury and the FRBNY. Pending the closing of the recapitalization plan, the cash proceeds from certain AIG asset dispositions will be held by the FRBNY as agent. At the closing of the recapitalization plan, the cash proceeds from certain asset dispositions, most notably the initial public offering of AIA Group Limited (AIA) and the sale of American Life Insurance Company (ALICO), will be used first to repay in full the credit extended to AIG by the FRBNY under the revolving credit facility (AIG loan) and then to retire a portion of the FRBNY's preferred interests in AIA Aurora LLC and ALICO Holdings LLC (preferred interests) taken earlier by the FRBNY in satisfaction of a portion of the AIG loan. 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 AIG loan. The FRBNY began to hold as agent funds from the cash proceeds from the initial public offering of AIA on October 29, 2010, and from the cash proceeds from the sale of ALICO on November 1, 2010. The funds held by the FRBNY as agent from the disposition of the AIG assets are reported in table 1 and are included in "Other liabilities and accrued dividends" in table 9 and in table 10. FEDERAL RESERVE statistical release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks November 4, 2010 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 3, 2010 Federal Reserve Banks Nov 3, 2010 Oct 27, 2010 Nov 4, 2009 Reserve Bank credit 2,280,752 - 1,986 + 131,857 2,282,538 Securities held outright (1) 2,040,709 - 3,192 + 343,065 2,042,727 U.S. Treasury securities 839,990 + 5,713 + 63,758 842,008 Bills (2) 18,423 0 0 18,423 Notes and bonds, nominal (2) 772,975 + 5,700 + 65,603 774,990 Notes and bonds, inflation-indexed (2) 42,978 0 - 1,665 42,978 Inflation compensation (3) 5,614 + 14 - 180 5,617 Federal agency debt securities (2) 149,681 - 498 + 2,722 149,681 Mortgage-backed securities (4) 1,051,037 - 8,408 + 276,583 1,051,037 Repurchase agreements (5) 0 0 0 0 Term auction credit 0 0 - 139,245 0 Other loans 47,154 - 690 - 63,454 47,172 Primary credit 64 + 40 - 22,546 31 Secondary credit 0 0 - 197 0 Seasonal credit 23 - 9 - 37 20 Asset-Backed Commercial Paper Money Market Mutual Fund Liquidity Facility 0 0 0 0 Credit extended to American International Group, Inc., net (6) 19,197 - 76 - 25,411 19,530 Term Asset-Backed Securities Loan Facility (7) 27,871 - 645 - 15,261 27,592 Other credit extensions 0 0 0 0 Net portfolio holdings of Commercial Paper Funding Facility LLC (8) 0 0 - 15,647 0 Net portfolio holdings of Maiden Lane LLC (9) 28,486 + 516 + 2,197 28,509 Net portfolio holdings of Maiden Lane II LLC (10) 16,475 + 679 + 467 16,477 Net portfolio holdings of Maiden Lane III LLC (11) 23,545 + 603 + 365 23,596 Net portfolio holdings of TALF LLC (12) 622 0 + 622 622 Preferred interests in AIA Aurora LLC and ALICO Holdings LLC (13) 26,057 0 + 26,057 26,057 Float -1,667 - 145 + 194 -2,171 Central bank liquidity swaps (14) 60 0 - 31,824 60 Other Federal Reserve assets (15) 99,311 + 244 + 9,061 99,490 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 5,200 0 0 5,200 Treasury currency outstanding (16) 43,448 + 14 + 841 43,448 Total factors supplying reserve funds 2,340,440 - 1,973 + 132,697 2,342,226 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 3, 2010 Federal Reserve Banks Nov 3, 2010 Oct 27, 2010 Nov 4, 2009 Currency in circulation (16) 964,752 + 3,385 + 49,677 968,841 Reverse repurchase agreements (17) 57,394 + 505 - 7,450 54,591 Foreign official and international accounts 57,394 + 2,118 - 7,450 54,591 Others 0 - 1,613 0 0 Treasury cash holdings 186 - 35 - 70 176 Deposits with F.R. Banks, other than reserve balances 244,958 - 3,372 + 166,739 246,603 Term deposits held by depository institutions 5,113 0 + 5,113 5,113 U.S. Treasury, general account 34,276 - 3,643 - 15,235 36,018 U.S. Treasury, supplementary financing account 199,960 - 1 + 184,961 199,960 Foreign official 2,515 + 337 + 94 2,676 Service-related 2,396 0 - 837 2,396 Required clearing balances 2,396 0 - 837 2,396 Adjustments to compensate for float 0 0 0 0 Other 697 - 65 - 7,357 440 Funds from American International Group, Inc. asset dispositions, held as agent (18) 6,895 + 6,895 + 6,895 18,850 Other liabilities and capital (19) 74,009 + 1,593 + 9,314 72,808 Total factors, other than reserve balances, absorbing reserve funds 1,348,193 + 8,969 + 225,105 1,361,871 Reserve balances with Federal Reserve Banks 992,247 - 10,942 - 92,408 980,356 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 Averages of daily figures Wednesday Week ended Change from week ended Nov 3, 2010 Memorandum item Nov 3, 2010 Oct 27, 2010 Nov 4, 2009 Marketable securities held in custody for foreign official and international accounts (1) 3,315,695 + 21,622 + 405,863 3,325,020 U.S. Treasury securities 2,583,896 + 21,719 + 434,957 2,590,915 Federal agency securities (2) 731,799 - 97 - 29,093 734,105 Securities lent to dealers 4,789 - 663 - 1,644 3,758 Overnight facility (3) 4,789 - 663 - 1,644 3,758 U.S. Treasury securities 3,727 - 561 - 1,626 2,761 Federal agency debt securities 1,062 - 102 - 18 997 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 3, 2010 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 Other loans (1) 34 16 0 47,122 0 ... 47,172 U.S. Treasury securities (2) Holdings 16,840 17,280 50,651 364,061 247,169 146,008 842,008 Weekly changes + 4,744 - 4,541 + 1,799 + 1,556 + 598 + 5 + 4,160 Federal agency debt securities (3) Holdings 687 4,370 36,956 73,522 31,799 2,347 149,681 Weekly changes + 687 - 687 0 0 0 0 0 Mortgage-backed securities (4) Holdings 0 0 0 27 21 1,050,990 1,051,037 Weekly changes 0 0 0 0 0 0 0 Asset-backed securities held by TALF LLC (5) 0 0 0 0 0 0 0 Repurchase agreements (6) 0 0 ... ... ... ... 0 Central bank liquidity swaps (7) 60 0 0 0 0 0 60 Reverse repurchase agreements (6) 54,591 0 ... ... ... ... 54,591 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 Wednesday Account name Nov 3, 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 Wednesday Account name Nov 3, 2010 Net portfolio holdings of Maiden Lane LLC (1) 28,509 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) 586 Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3) 1,304 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 Wednesday Account name Nov 3, 2010 Net portfolio holdings of Maiden Lane II LLC (1) 16,477 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) 424 Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc. (3) 1,066 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 Wednesday Account name Nov 3, 2010 Net portfolio holdings of Maiden Lane III LLC (1) 23,596 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) 517 Outstanding principal amount and accrued interest on loan payable to American International Group, Inc. (3) 5,338 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 Wednesday Account name Nov 3, 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 Wednesday Account name Nov 3, 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) 121 Preferred interests in AIA Aurora LLC (1) 16,676 Accrued dividends on preferred interests in AIA Aurora LLC (2) 78 Preferred interests in ALICO Holdings LLC (1) 9,380 Accrued dividends on preferred interests in ALICO Holdings LLC (2) 44 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 Eliminations from Wednesday Change since consolidation Nov 3, 2010 Wednesday Wednesday Assets, liabilities, and capital Oct 27, 2010 Nov 4, 2009 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 5,200 0 0 Coin 2,166 - 22 + 78 Securities, repurchase agreements, term auction credit, and other loans 2,089,899 + 3,769 + 142,824 Securities held outright (1) 2,042,727 + 4,161 + 344,862 U.S. Treasury securities 842,008 + 4,160 + 65,496 Bills (2) 18,423 0 0 Notes and bonds, nominal (2) 774,990 + 4,149 + 67,341 Notes and bonds, inflation-indexed (2) 42,978 0 - 1,665 Inflation compensation (3) 5,617 + 11 - 181 Federal agency debt securities (2) 149,681 0 + 2,722 Mortgage-backed securities (4) 1,051,037 0 + 276,643 Repurchase agreements (5) 0 0 0 Term auction credit 0 0 - 139,245 Other loans 47,172 - 392 - 62,794 Net portfolio holdings of Commercial Paper Funding Facility LLC (6) 0 0 - 14,480 Net portfolio holdings of Maiden Lane LLC (7) 28,509 + 40 + 2,188 Net portfolio holdings of Maiden Lane II LLC (8) 16,477 + 5 + 468 Net portfolio holdings of Maiden Lane III LLC (9) 23,596 + 64 + 363 Net portfolio holdings of TALF LLC (10) 622 0 + 622 Preferred interests in AIA Aurora LLC and ALICO Holdings LLC (11) 26,057 0 + 26,057 Items in process of collection (90) 312 + 28 - 136 Bank premises 2,221 - 5 - 3 Central bank liquidity swaps (12) 60 0 - 31,824 Other assets (13) 97,239 + 1,082 + 9,028 Total assets (90) 2,303,395 + 4,961 + 135,185 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 Eliminations from Wednesday Change since consolidation Nov 3, 2010 Wednesday Wednesday Assets, liabilities, and capital Oct 27, 2010 Nov 4, 2009 Liabilities Federal Reserve notes, net of F.R. Bank holdings 927,731 + 5,406 + 50,241 Reverse repurchase agreements (14) 54,591 - 961 - 6,144 Deposits (0) 1,226,930 - 18,345 + 63,069 Term deposits held by depository institutions 5,113 0 + 5,113 Other deposits held by depository institutions 982,722 - 27,883 - 82,396 U.S. Treasury, general account 36,018 + 8,789 - 45,558 U.S. Treasury, supplementary financing account 199,960 - 1 + 184,961 Foreign official 2,676 + 975 + 1,240 Other (0) 440 - 225 - 292 Deferred availability cash items (90) 2,484 + 418 - 500 Other liabilities and accrued dividends (15) 34,877 + 18,975 + 23,100 Total liabilities (90) 2,246,613 + 5,493 + 129,767 Capital accounts Capital paid in 26,714 - 1 + 1,601 Surplus 25,904 + 6 + 4,489 Other capital accounts 4,163 - 537 - 673 Total capital 56,782 - 531 + 5,418 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 3, 2010 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 11,037 369 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 2,166 68 80 172 163 317 198 330 35 60 156 231 357 Securities, repurchase agreements, term auction credit, and other loans 2,089,899 51,695 880,663 47,719 69,403 232,645 193,302 154,005 52,617 27,974 70,079 85,778 224,020 Securities held outright (1) 2,042,727 51,695 833,541 47,704 69,403 232,645 193,298 153,994 52,617 27,964 70,074 85,775 224,018 U.S. Treasury securities 842,008 21,308 343,584 19,663 28,608 95,896 79,677 63,476 21,689 11,527 28,884 35,356 92,340 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) 823,586 20,842 336,067 19,233 27,982 93,798 77,934 62,087 21,214 11,275 28,252 34,583 90,319 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 47,172 0 47,122 15 0 0 4 11 0 10 6 3 2 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) 28,509 0 28,509 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of Maiden Lane II LLC (8) 16,477 0 16,477 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of Maiden Lane III LLC (9) 23,596 0 23,596 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 402 13 0 46 126 8 31 53 18 13 30 36 28 Bank premises 2,221 128 254 68 141 238 217 209 135 107 265 246 213 Central bank liquidity swaps (12) 60 2 17 7 4 17 4 1 1 2 0 1 4 Other assets (13) 97,239 2,789 36,560 4,580 4,385 15,484 8,296 5,912 2,088 1,737 2,633 3,330 9,445 Interdistrict settlement account 0 + 3,058 + 105,459 + 26,182 - 14,421 - 15,669 - 36,375 - 31,406 - 11,191 - 1,212 - 10,234 + 1,955 - 16,148 Total assets 2,303,485 58,317 1,124,150 79,386 60,502 234,297 167,712 130,416 44,176 28,975 63,379 92,511 219,663 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 3, 2010 (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 1,128,630 41,090 386,782 45,643 45,922 89,423 143,501 87,386 32,796 20,137 33,615 76,425 125,910 Less: Notes held by F.R. Banks 200,898 4,288 79,671 5,062 7,927 13,788 25,874 12,220 4,364 5,787 3,332 11,534 27,051 Federal Reserve notes, net 927,731 36,802 307,111 40,581 37,995 75,635 117,627 75,165 28,432 14,350 30,283 64,890 98,859 Reverse repurchase agreements (14) 54,591 1,382 22,276 1,275 1,855 6,217 5,166 4,115 1,406 747 1,873 2,292 5,987 Deposits 1,226,930 17,939 747,625 31,330 15,945 138,788 41,005 49,073 13,592 11,692 30,409 24,096 105,436 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 982,722 17,874 505,209 31,325 15,932 138,587 41,001 48,955 13,562 11,688 30,389 24,091 104,109 U.S. Treasury, general account 36,018 0 36,018 0 0 0 0 0 0 0 0 0 0 U.S. Treasury, supplementary financing account 199,960 0 199,960 0 0 0 0 0 0 0 0 0 0 Foreign official 2,676 1 2,648 4 3 11 2 1 0 1 0 1 3 Other 440 14 217 0 0 127 0 14 2 0 1 0 64 Deferred availability cash items 2,573 97 0 252 542 111 125 199 70 407 124 118 527 Other liabilities and accrued dividends (15) 34,877 203 31,106 245 266 768 511 421 188 143 188 262 576 Total liabilities 2,246,703 56,423 1,108,118 73,682 56,603 221,519 164,435 128,974 43,688 27,340 62,877 91,658 211,386 Capital Capital paid in 26,714 916 7,666 2,831 1,920 5,437 1,552 671 216 807 230 400 4,070 Surplus 25,904 946 7,698 2,804 1,911 7,141 1,581 621 239 712 210 353 1,688 Other capital 4,163 32 668 69 68 201 145 150 34 117 63 100 2,518 Total liabilities and capital 2,303,485 58,317 1,124,150 79,386 60,502 234,297 167,712 130,416 44,176 28,975 63,379 92,511 219,663 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 3, 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 Wednesday Federal Reserve notes and collateral Nov 3, 2010 Federal Reserve notes outstanding 1,128,630 Less: Notes held by F.R. Banks not subject to collateralization 200,898 Federal Reserve notes to be collateralized 927,731 Collateral held against Federal Reserve notes 927,731 Gold certificate account 11,037 Special drawing rights certificate account 5,200 U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 911,495 Other assets pledged 0 Memo: Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 2,042,727 Less: Face value of securities under reverse repurchase agreements 48,022 U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 1,994,705 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.