FEDERAL RESERVE statistical release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks September 16, 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 Sep 15, 2010 Federal Reserve Banks Sep 15, 2010 Sep 8, 2010 Sep 16, 2009 Reserve Bank credit 2,289,286 + 2,676 + 200,650 2,278,765 Securities held outright (1) 2,049,742 + 2,500 + 516,995 2,041,399 U.S. Treasury securities 792,024 + 4,452 + 33,971 794,646 Bills (2) 18,423 0 0 18,423 Notes and bonds, nominal (2) 726,495 + 4,435 + 37,177 729,023 Notes and bonds, inflation-indexed (2) 41,676 + 16 - 2,912 41,768 Inflation compensation (3) 5,431 + 2 - 294 5,432 Federal agency debt securities (2) 156,112 - 390 + 32,120 154,519 Mortgage-backed securities (4) 1,101,606 - 1,562 + 450,904 1,092,234 Repurchase agreements (5) 0 0 0 0 Term auction credit 0 0 - 196,020 0 Other loans 52,794 - 735 - 58,696 52,598 Primary credit 29 0 - 28,652 24 Secondary credit 0 0 - 561 0 Seasonal credit 79 - 3 - 34 80 Asset-Backed Commercial Paper Money Market Mutual Fund Liquidity Facility 0 0 - 79 0 Credit extended to American International Group, Inc., net (6) 19,877 - 131 - 19,551 19,882 Term Asset-Backed Securities Loan Facility (7) 32,807 - 603 - 9,822 32,612 Other credit extensions 0 0 0 0 Net portfolio holdings of Commercial Paper Funding Facility LLC (8) 0 0 - 44,779 0 Net portfolio holdings of Maiden Lane LLC (9) 28,980 - 70 + 2,866 28,438 Net portfolio holdings of Maiden Lane II LLC (10) 15,815 - 152 + 1,176 15,820 Net portfolio holdings of Maiden Lane III LLC (11) 23,002 - 219 + 2,486 23,021 Net portfolio holdings of TALF LLC (12) 575 0 + 575 575 Preferred interests in AIA Aurora LLC and ALICO Holdings LLC (13) 25,733 0 + 25,733 25,733 Float -1,847 + 42 + 213 -1,966 Central bank liquidity swaps (14) 61 - 3 - 61,040 61 Other Federal Reserve assets (15) 94,433 + 1,315 + 11,143 93,088 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 5,200 0 + 3,000 5,200 Treasury currency outstanding (16) 43,359 + 14 + 804 43,359 Total factors supplying reserve funds 2,348,886 + 2,690 + 204,453 2,338,365 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 Sep 15, 2010 Federal Reserve Banks Sep 15, 2010 Sep 8, 2010 Sep 16, 2009 Currency in circulation (16) 952,213 - 1,613 + 37,776 952,287 Reverse repurchase agreements (17) 60,408 + 2,450 - 6,543 59,924 Foreign official and international accounts 60,408 + 2,450 - 6,543 59,924 Dealers 0 0 0 0 Treasury cash holdings 242 - 4 - 24 247 Deposits with F.R. Banks, other than reserve balances 236,693 + 6,241 + 1,721 322,275 Term deposits held by depository institutions 2,119 0 + 2,119 2,119 U.S. Treasury, general account 22,341 - 721 - 3,005 114,568 U.S. Treasury, supplementary financing account 199,960 + 3 + 28 199,960 Foreign official 2,399 - 83 + 41 2,792 Service-related 2,430 - 3 - 1,436 2,430 Required clearing balances 2,430 - 3 - 1,436 2,430 Adjustments to compensate for float 0 0 0 0 Other 7,444 + 7,045 + 3,974 407 Other liabilities and capital (18) 72,362 - 53 + 12,266 71,453 Total factors, other than reserve balances, absorbing reserve funds 1,321,917 + 7,020 + 45,195 1,406,187 Reserve balances with Federal Reserve Banks 1,026,969 - 4,330 + 159,258 932,178 Note: Components may not sum to totals because of rounding. 1. Includes securities lent to dealers under the overnight and term securities lending facilities; refer to table 1A. 2. Face value of the securities. 3. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed securities. 4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the underlying mortgages. 5. Cash value of agreements. 6. Includes outstanding principal and capitalized interest net of unamortized deferred commitment fees and allowance for loan restructuring. Excludes credit extended to consolidated LLCs. 7. Includes credit extended by the Federal Reserve Bank of New York to eligible borrowers through the Term Asset-Backed Securities Loan Facility. 8. Includes the book value of the commercial paper, net of amortized costs and related fees, and other investments held by the Commercial Paper Funding Facility LLC. 9. Refer to table 4 and the note on consolidation accompanying table 10. 10. Refer to table 5 and the note on consolidation accompanying table 10. 11. Refer to table 6 and the note on consolidation accompanying table 10. 12. Refer to table 7 and the note on consolidation accompanying table 10. 13. Refer to table 8. 14. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the foreign central bank. 15. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates, accrued dividends on the Federal Reserve Bank of New York's (FRBNY) preferred interests in AIA Aurora LLC and ALICO Holdings LLC, and the fair value adjustment to credit extended by the FRBNY to eligible borrowers through the Term Asset-Backed Securities Loan Facility. 16. Estimated. 17. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities. 18. Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to entities other than the Federal Reserve Bank of New York, including liabilities that have recourse only to the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note on consolidation accompanying table 10. Sources: Federal Reserve Banks and the U.S. Department of the Treasury. 1A. Memorandum Items Millions of dollars Averages of daily figures Wednesday Week ended Change from week ended Sep 15, 2010 Memorandum item Sep 15, 2010 Sep 8, 2010 Sep 16, 2009 Marketable securities held in custody for foreign official and international accounts (1) 3,209,722 - 11,001 + 366,921 3,196,296 U.S. Treasury securities 2,413,653 + 7,429 + 344,859 2,443,776 Federal agency securities (2) 796,069 - 18,430 + 22,062 752,520 Securities lent to dealers 7,217 + 344 - 2,666 7,307 Overnight facility (3) 7,217 + 344 - 2,666 7,307 U.S. Treasury securities 5,868 + 385 - 3,781 5,803 Federal agency debt securities 1,349 - 42 + 1,115 1,504 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, other zero-coupon bonds, and mortgage-backed securities at 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, September 15, 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) 74 31 0 52,494 0 ... 52,598 U.S. Treasury securities (2) Holdings 15,288 14,994 52,787 345,293 225,683 140,601 794,646 Weekly changes - 186 - 647 + 1 + 1,707 + 3,736 + 142 + 4,752 Federal agency debt securities (3) Holdings 414 5,927 38,549 74,536 32,746 2,347 154,519 Weekly changes - 1,983 0 + 147 - 147 0 0 - 1,983 Mortgage-backed securities (4) Holdings 0 0 0 29 21 1,092,184 1,092,234 Weekly changes 0 0 0 0 0 - 10,934 - 10,934 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 1 0 0 0 0 61 Reverse repurchase agreements (6) 59,924 0 ... ... ... ... 59,924 Term deposits 0 2,119 0 ... ... ... 2,119 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 Sep 15, 2010 Mortgage-backed securities held outright (1) 1,092,234 Commitments to buy mortgage-backed securities (2) 0 Commitments to sell mortgage-backed securities (2) 0 Cash and cash equivalents (3) 2 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 Sep 15, 2010 Net portfolio holdings of Maiden Lane LLC (1) 28,438 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 27,639 Accrued interest payable to the Federal Reserve Bank of New York (2) 558 Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3) 1,295 1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of June 30, 2010. Any assets purchased after this valuation date are initially recorded at cost until their estimated fair value as of the purchase date becomes available. 2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 10. 3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 9 and table 10. Note: On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended credit to Maiden Lane LLC under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to acquire certain assets of Bear Stearns and to manage those assets through time to maximize repayment of the credit extended and to minimize disruption to financial markets. Payments by Maiden Lane LLC from the proceeds of the net portfolio holdings will be made in the following order: operating expenses of the LLC, principal due to the FRBNY, interest due to the FRBNY, principal due to JPMorgan Chase & Co., and interest due to JPMorgan Chase & Co. Any remaining funds will be paid to the FRBNY. 5. Information on Principal Accounts of Maiden Lane II LLC Millions of dollars Wednesday Account name Sep 15, 2010 Net portfolio holdings of Maiden Lane II LLC (1) 15,820 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 13,656 Accrued interest payable to the Federal Reserve Bank of New York (2) 401 Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc. (3) 1,061 1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of June 30, 2010. Any assets purchased after this valuation date are initially recorded at cost until their estimated fair value as of the purchase date becomes available. 2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 10. 3. Book value. The deferred payment represents the portion of the proceeds of the net portfolio holdings due to subsidiaries of American International Group, Inc. in accordance with the asset purchase agreement. The fair value of this payment and accrued interest payable are included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 9 and table 10. Note: On December 12, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden Lane II LLC under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to purchase residential mortgage-backed securities from the U.S. securities lending reinvestment portfolio of subsidiaries of American International Group, Inc. (AIG subsidiaries). Payments by Maiden Lane II LLC from the proceeds of the net portfolio holdings will be made in the following order: operating expenses of Maiden Lane II LLC, principal due to the FRBNY, interest due to the FRBNY, and deferred payment and interest due to AIG subsidiaries. Any remaining funds will be shared by the FRBNY and AIG subsidiaries. 6. Information on Principal Accounts of Maiden Lane III LLC Millions of dollars Wednesday Account name Sep 15, 2010 Net portfolio holdings of Maiden Lane III LLC (1) 23,021 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 14,638 Accrued interest payable to the Federal Reserve Bank of New York (2) 492 Outstanding principal amount and accrued interest on loan payable to American International Group, Inc. (3) 5,315 1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of June 30, 2010. Any assets purchased after this valuation date are initially recorded at cost until their estimated fair value as of the purchase date becomes available. 2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 10. 3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 9 and table 10. Note: On November 25, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden Lane III LLC under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to purchase multi-sector collateralized debt obligations (CDOs) on which the Financial Products group of American International Group, Inc. (AIG) has written credit default swap (CDS) contracts. In connection with the purchase of CDOs, the CDS counterparties will concurrently unwind the related CDS transactions. Payments by Maiden Lane III LLC from the proceeds of the net portfolio holdings will be made in the following order: operating expenses of Maiden Lane III LLC, principal due to the FRBNY, interest due to the FRBNY, principal due to AIG, and interest due to AIG. Any remaining funds will be shared by the FRBNY and AIG. 7. Information on Principal Accounts of TALF LLC Millions of dollars Wednesday Account name Sep 15, 2010 Asset-backed securities holdings (1) 0 Other investments, net 575 Net portfolio holdings of TALF LLC 575 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 Sep 15, 2010 Preferred interests in AIA Aurora LLC and ALICO Holdings LLC (1) 25,733 Accrued dividends on preferred interests in AIA Aurora LLC and ALICO Holdings LLC (2) 271 Preferred interests in AIA Aurora LLC (1) 16,469 Accrued dividends on preferred interests in AIA Aurora LLC (2) 174 Preferred interests in ALICO Holdings LLC (1) 9,264 Accrued dividends on preferred interests in ALICO Holdings LLC (2) 98 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 Sep 15, 2010 Wednesday Wednesday Assets, liabilities, and capital Sep 8, 2010 Sep 16, 2009 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 5,200 0 + 3,000 Coin 2,086 + 19 + 149 Securities, repurchase agreements, term auction credit, and other loans 2,093,996 - 8,505 + 216,079 Securities held outright (1) 2,041,399 - 8,165 + 471,381 U.S. Treasury securities 794,646 + 4,752 + 34,843 Bills (2) 18,423 0 0 Notes and bonds, nominal (2) 729,023 + 4,642 + 37,949 Notes and bonds, inflation-indexed (2) 41,768 + 108 - 2,820 Inflation compensation (3) 5,432 + 2 - 286 Federal agency debt securities (2) 154,519 - 1,983 + 29,360 Mortgage-backed securities (4) 1,092,234 - 10,934 + 407,178 Repurchase agreements (5) 0 0 0 Term auction credit 0 0 - 196,020 Other loans 52,598 - 339 - 59,281 Net portfolio holdings of Commercial Paper Funding Facility LLC (6) 0 0 - 42,974 Net portfolio holdings of Maiden Lane LLC (7) 28,438 - 632 + 2,292 Net portfolio holdings of Maiden Lane II LLC (8) 15,820 + 6 + 1,171 Net portfolio holdings of Maiden Lane III LLC (9) 23,021 + 22 + 2,476 Net portfolio holdings of TALF LLC (10) 575 0 + 575 Preferred interests in AIA Aurora LLC and ALICO Holdings LLC (11) 25,733 0 + 25,733 Items in process of collection (93) 301 - 111 + 88 Bank premises 2,226 + 3 + 8 Central bank liquidity swaps (12) 61 - 3 - 61,040 Other assets (13) 90,855 - 545 + 8,889 Total assets (93) 2,299,348 - 9,746 + 156,445 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 Sep 15, 2010 Wednesday Wednesday Assets, liabilities, and capital Sep 8, 2010 Sep 16, 2009 Liabilities Federal Reserve notes, net of F.R. Bank holdings 911,257 - 2,430 + 37,317 Reverse repurchase agreements (14) 59,924 + 1,122 - 9,010 Deposits (0) 1,254,446 - 7,392 + 116,588 Term deposits held by depository institutions 2,119 0 + 2,119 Other deposits held by depository institutions 934,600 - 117,803 + 71,773 U.S. Treasury, general account 114,568 + 109,709 + 42,169 U.S. Treasury, supplementary financing account 199,960 + 3 + 28 Foreign official 2,792 + 671 + 423 Other (0) 407 + 29 + 77 Deferred availability cash items (93) 2,268 - 855 - 303 Other liabilities and accrued dividends (15) 14,929 - 100 + 6,608 Total liabilities (93) 2,242,824 - 9,655 + 151,201 Capital accounts Capital paid in 26,673 - 2 + 1,798 Surplus 25,863 + 6 + 4,507 Other capital accounts 3,988 - 95 - 1,061 Total capital 56,524 - 91 + 5,244 Note: Components may not sum to totals because of rounding. 1. Includes securities lent to dealers under the overnight and term securities lending facilities; refer to table 1A. 2. Face value of the securities. 3. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed securities. 4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the underlying mortgages. 5. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities. 6. Includes the book value of the commercial paper, net of amortized costs and related fees, and other investments held by the Commercial Paper Funding Facility LLC. 7. Refer to table 4 and the note on consolidation accompanying table 10. 8. Refer to table 5 and the note on consolidation accompanying table 10. 9. Refer to table 6 and the note on consolidation accompanying table 10. 10. Refer to table 7 and the note on consolidation accompanying table 10. 11. Refer to table 8. 12. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the foreign central bank. 13. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates, accrued dividends on the Federal Reserve Bank of New York's (FRBNY) preferred interests in AIA Aurora LLC and ALICO Holdings LLC, and the fair value adjustment to credit extended by the FRBNY to eligible borrowers through the Term Asset-Backed Securities Loan Facility. 14. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities. 15. Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to entities other than the Federal Reserve Bank of New York, including liabilities that have recourse only to the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note on consolidation accompanying table 10. 10. Statement of Condition of Each Federal Reserve Bank, September 15, 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 2,086 62 68 167 152 308 203 321 29 59 149 218 348 Securities, repurchase agreements, term auction credit, and other loans 2,093,996 51,661 885,493 47,674 69,358 232,493 193,183 153,910 52,611 27,974 70,035 85,731 223,873 Securities held outright (1) 2,041,399 51,661 832,999 47,673 69,358 232,493 193,173 153,894 52,583 27,946 70,028 85,719 223,872 U.S. Treasury securities 794,646 20,110 324,258 18,557 26,999 90,502 75,195 59,905 20,469 10,879 27,260 33,368 87,146 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) 776,223 19,644 316,740 18,127 26,373 88,403 73,452 58,517 19,994 10,626 26,628 32,594 85,125 Federal agency debt securities (2) 154,519 3,910 63,052 3,608 5,250 17,598 14,622 11,649 3,980 2,115 5,301 6,488 16,946 Mortgage-backed securities (4) 1,092,234 27,641 445,689 25,507 37,109 124,394 103,355 82,339 28,134 14,952 37,468 45,863 119,781 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 52,598 0 52,495 2 0 0 10 17 28 27 7 12 1 Net portfolio holdings of Commercial Paper Funding Facility LLC (6) 0 0 0 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of Maiden Lane LLC (7) 28,438 0 28,438 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of Maiden Lane II LLC (8) 15,820 0 15,820 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of Maiden Lane III LLC (9) 23,021 0 23,021 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of TALF LLC (10) 575 0 575 0 0 0 0 0 0 0 0 0 0 Preferred interests in AIA Aurora LLC and ALICO Holdings LLC (11) 25,733 0 25,733 0 0 0 0 0 0 0 0 0 0 Items in process of collection 394 17 1 24 116 8 50 36 21 14 44 32 31 Bank premises 2,226 125 256 69 142 238 218 210 135 108 265 247 212 Central bank liquidity swaps (12) 61 2 18 7 5 17 4 1 1 2 0 1 4 Other assets (13) 90,855 2,595 34,371 4,277 4,084 14,450 7,699 5,493 1,929 1,615 2,448 3,101 8,794 Interdistrict settlement account 0 + 3,922 + 86,424 + 26,964 - 13,956 + 8,591 - 41,570 - 37,183 - 12,763 + 11,248 - 18,436 - 2,301 - 10,941 Total assets 2,299,441 58,950 1,106,072 79,796 60,601 257,364 161,825 124,100 42,436 41,312 54,955 87,963 224,066 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, September 15, 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 1,136,279 41,139 388,028 46,242 46,537 90,496 143,827 88,494 33,331 20,440 34,198 77,155 126,393 Less: Notes held by F.R. Banks 225,022 4,166 94,405 5,290 9,299 14,562 30,327 13,241 4,551 6,032 3,354 12,600 27,193 Federal Reserve notes, net 911,257 36,973 293,623 40,952 37,238 75,934 113,500 75,253 28,780 14,408 30,844 64,554 99,200 Reverse repurchase agreements (14) 59,924 1,516 24,452 1,399 2,036 6,825 5,670 4,517 1,544 820 2,056 2,516 6,572 Deposits 1,254,446 18,288 760,843 31,300 16,644 161,033 38,740 42,286 11,361 23,986 21,247 19,664 109,054 Term deposits held by depository institutions 2,119 27 886 0 15 96 161 506 0 6 34 62 327 Other deposits held by depository institutions 934,600 18,226 442,453 31,296 16,625 160,856 38,577 41,708 11,352 23,978 21,211 19,601 108,716 U.S. Treasury, general account 114,568 0 114,568 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 2,792 1 2,764 4 3 11 2 1 0 1 0 1 3 Other 407 34 213 0 1 70 0 71 8 0 1 0 8 Deferred availability cash items 2,361 82 0 227 535 104 142 184 75 330 154 110 417 Other liabilities and accrued dividends (15) 14,929 195 11,231 225 254 735 516 426 188 140 193 270 557 Total liabilities 2,242,917 57,055 1,090,150 74,104 56,707 244,631 158,568 122,667 41,946 39,684 54,493 87,115 215,799 Capital Capital paid in 26,673 916 7,653 2,829 1,924 5,435 1,551 668 217 807 211 399 4,063 Surplus 25,863 946 7,659 2,804 1,911 7,141 1,581 621 239 712 210 353 1,688 Other capital 3,988 34 611 60 60 157 126 145 34 110 40 96 2,515 Total liabilities and capital 2,299,441 58,950 1,106,072 79,796 60,601 257,364 161,825 124,100 42,436 41,312 54,955 87,963 224,066 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, September 15, 2010 (continued) 1. Includes securities lent to dealers under the overnight and term securities lending facilities; refer to table 1A. 2. Face value of the securities. 3. Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face value of such securities. 4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the underlying mortgages. 5. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities. 6. Includes the book value of the commercial paper, net of amortized costs and related fees, and other investments held by the Commercial Paper Funding Facility LLC. 7. Refer to table 4 and the note on consolidation below. 8. Refer to table 5 and the note on consolidation below. 9. Refer to table 6 and the note on consolidation below. 10. Refer to table 7 and the note on consolidation below. 11. Refer to table 8. 12. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the foreign central bank. 13. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates, accrued dividends on the Federal Reserve Bank of New York's (FRBNY) preferred interests in AIA Aurora LLC and ALICO Holdings LLC, and the fair value adjustment to credit extended by the FRBNY to eligible borrowers through the Term Asset-Backed Securities Loan Facility. 14. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities. 15. Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to entities other than the Federal Reserve Bank of New York, including liabilities that have recourse only to the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note on consolidation below. Note on consolidation: The Federal Reserve Bank of New York (FRBNY) has extended loans to several limited liability companies under the authority of section 13(3) of the Federal Reserve Act. On June 26, 2008, a loan was extended to Maiden Lane LLC, which was formed to acquire certain assets of Bear Stearns. On November 25, 2008, a loan was extended to Maiden Lane III LLC, which was formed to purchase multi-sector collateralized debt obligations on which the Financial Products group of the American International Group, Inc. has written credit default swap contracts. On December 12, 2008, a loan was extended to Maiden Lane II LLC, which was formed to purchase residential mortgage-backed securities from the U.S. securities lending reinvestment portfolio of subsidiaries of American International Group, Inc. On November 25, 2008, the Federal Reserve Board authorized the FRBNY to extend credit to TALF LLC, which was formed to purchase and manage any asset-backed securities received by the FRBNY in connection with the decision of a borrower not to repay a loan extended under the Term Asset-Backed Securities Loan Facility. The FRBNY is the primary beneficiary of TALF LLC, because of the two beneficiaries of the LLC, the FRBNY and the U.S. Treasury, the FRBNY is primarily responsible for directing the financial activities of TALF LLC. The FRBNY is the primary beneficiary of the other LLCs cited above because it will receive a majority of any residual returns of the LLCs and absorb a majority of any residual losses of the LLCs. Consistent with generally accepted accounting principles, the assets and liabilities of these LLCs have been consolidated with the assets and liabilities of the FRBNY in the preparation of the statements of condition shown on this release. As a consequence of the consolidation, the extensions of credit from the FRBNY to the LLCs are eliminated, the net assets of the LLCs appear as assets on the previous page (and in table 1 and table 9), and the liabilities of the LLCs to entities other than the FRBNY, including those with recourse only to the portfolio holdings of the LLCs, are included in other liabilities in this table (and table 1 and table 9). 11. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts Millions of dollars Wednesday Federal Reserve notes and collateral Sep 15, 2010 Federal Reserve notes outstanding 1,136,279 Less: Notes held by F.R. Banks not subject to collateralization 225,022 Federal Reserve notes to be collateralized 911,257 Collateral held against Federal Reserve notes 911,257 Gold certificate account 11,037 Special drawing rights certificate account 5,200 U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 895,020 Other assets pledged 0 Memo: Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 2,041,399 Less: Face value of securities under reverse repurchase agreements 51,727 U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 1,989,672 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.