For release at 4:30 P.M. EDT November 18, 2010 The weekly average values, shown in table 1, reflect the September 30, 2010, quarterly update to the loan restructuring adjustment for the credit extended to American International Group, Inc., which is included in "Credit extended to American International Group, Inc., net." The amounts for the first six days of this reporting week are based on values as of June 30, 2010, and the amounts for the last day of the reporting week are based on values as of September 30, 2010. FEDERAL RESERVE statistical release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks November 18, 2010 1. Factors Affecting Reserve Balances of Depository Institutions Millions of dollars Reserve Bank credit, related items, and Averages of daily figures Wednesday reserve balances of depository institutions at Week ended Change from week ended Nov 17, 2010 Federal Reserve Banks Nov 17, 2010 Nov 10, 2010 Nov 18, 2009 Reserve Bank credit 2,293,180 + 3,958 + 101,799 2,297,095 Securities held outright (1) 2,054,136 + 5,532 + 280,183 2,060,890 U.S. Treasury securities 859,180 + 11,294 + 82,656 873,618 Bills (2) 18,423 0 0 18,423 Notes and bonds, nominal (2) 792,036 + 11,173 + 84,387 806,318 Notes and bonds, inflation-indexed (2) 43,093 + 115 - 1,550 43,247 Inflation compensation (3) 5,628 + 7 - 182 5,631 Federal agency debt securities (2) 149,387 - 294 - 2,350 148,994 Mortgage-backed securities (4) 1,045,569 - 5,468 + 199,877 1,038,278 Repurchase agreements (5) 0 0 0 0 Term auction credit 0 0 - 109,456 0 Other loans 46,565 - 138 - 61,681 47,003 Primary credit 25 + 12 - 19,768 113 Secondary credit 0 - 1 0 0 Seasonal credit 20 + 1 - 62 22 Asset-Backed Commercial Paper Money Market Mutual Fund Liquidity Facility 0 0 0 0 Credit extended to American International Group, Inc., net (6) 19,651 + 196 - 25,110 20,014 Term Asset-Backed Securities Loan Facility (7) 26,870 - 345 - 16,741 26,854 Other credit extensions 0 0 0 0 Net portfolio holdings of Commercial Paper Funding Facility LLC (8) 0 0 - 15,114 0 Net portfolio holdings of Maiden Lane LLC (9) 28,092 - 418 + 1,752 27,528 Net portfolio holdings of Maiden Lane II LLC (10) 16,281 + 2 + 543 16,285 Net portfolio holdings of Maiden Lane III LLC (11) 23,324 + 83 + 390 23,339 Net portfolio holdings of TALF LLC (12) 622 0 + 391 622 Preferred interests in AIA Aurora LLC and ALICO Holdings LLC (13) 26,057 0 + 26,057 26,057 Float -1,933 - 105 + 36 -1,960 Central bank liquidity swaps (14) 64 + 4 - 28,214 65 Other Federal Reserve assets (15) 99,973 - 1,001 + 6,914 97,265 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 5,200 0 0 5,200 Treasury currency outstanding (16) 43,495 + 14 + 874 43,495 Total factors supplying reserve funds 2,352,916 + 3,972 + 102,674 2,356,831 Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table. 1. Factors Affecting Reserve Balances of Depository Institutions (continued) Millions of dollars Reserve Bank credit, related items, and Averages of daily figures Wednesday reserve balances of depository institutions at Week ended Change from week ended Nov 17, 2010 Federal Reserve Banks Nov 17, 2010 Nov 10, 2010 Nov 18, 2009 Currency in circulation (16) 973,555 + 2,575 + 54,250 973,559 Reverse repurchase agreements (17) 54,745 - 300 - 5,426 54,199 Foreign official and international accounts 54,745 - 300 - 5,426 54,199 Others 0 0 0 0 Treasury cash holdings 168 - 6 - 67 193 Deposits with F.R. Banks, other than reserve balances 240,994 + 11,551 + 138,971 243,158 Term deposits held by depository institutions 0 0 0 0 U.S. Treasury, general account 21,787 + 202 - 39,847 38,705 U.S. Treasury, supplementary financing account 199,959 + 1 + 184,960 199,959 Foreign official 1,652 - 224 - 1,043 1,741 Service-related 2,366 0 - 772 2,366 Required clearing balances 2,366 0 - 772 2,366 Adjustments to compensate for float 0 0 0 0 Other 15,230 + 11,571 - 4,326 387 Funds from American International Group, Inc. asset dispositions, held as agent (18) 26,761 + 544 + 26,761 26,774 Other liabilities and capital (19) 72,905 - 542 + 6,229 72,398 Total factors, other than reserve balances, absorbing reserve funds 1,369,128 + 13,822 + 220,717 1,370,281 Reserve balances with Federal Reserve Banks 983,788 - 9,850 - 118,044 986,550 Note: Components may not sum to totals because of rounding. 1. Includes securities lent to dealers under the overnight and term securities lending facilities; refer to table 1A. 2. Face value of the securities. 3. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed securities. 4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the underlying mortgages. 5. Cash value of agreements. 6. Includes outstanding principal and capitalized interest net of unamortized deferred commitment fees and allowance for loan restructuring. Excludes credit extended to consolidated LLCs. 7. Includes credit extended by the Federal Reserve Bank of New York to eligible borrowers through the Term Asset-Backed Securities Loan Facility. 8. Includes the book value of the commercial paper, net of amortized costs and related fees, and other investments held by the Commercial Paper Funding Facility LLC. 9. Refer to table 4 and the note on consolidation accompanying table 10. 10. Refer to table 5 and the note on consolidation accompanying table 10. 11. Refer to table 6 and the note on consolidation accompanying table 10. 12. Refer to table 7 and the note on consolidation accompanying table 10. 13. Refer to table 8. 14. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the foreign central bank. 15. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates, accrued dividends on the Federal Reserve Bank of New York's (FRBNY) preferred interests in AIA Aurora LLC and ALICO Holdings LLC, and the fair value adjustment to credit extended by the FRBNY to eligible borrowers through the Term Asset-Backed Securities Loan Facility. 16. Estimated. 17. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities. 18. Pending the closing of the recapitalization plan announced by American International Group, Inc. (AIG) on September 30, 2010, the cash proceeds from the disposition of certain AIG assets will be held by the FRBNY as agent. At the closing of the recapitalization plan, the proceeds will be used first to repay in full the credit extended to AIG by the FRBNY under the revolving credit facility and then to retire a portion of the FRBNY's preferred interests in AIA Aurora LLC and ALICO Holdings LLC (preferred interests). Alternatively, if the recapitalization plan is terminated under the terms of the plan, then the proceeds from the initial public offering of AIA and the sale of ALICO will be used to redeem the preferred interests in accordance with the AIA Aurora LLC and ALICO Holdings LLC limited liability company agreements, and any excess proceeds from these transactions, as well as proceeds from the disposition of other assets, will be used to repay the credit extended to AIG under the revolving credit facility. 19. Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to entities other than the Federal Reserve Bank of New York, including liabilities that have recourse only to the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note on consolidation accompanying table 10. Sources: Federal Reserve Banks and the U.S. Department of the Treasury. 1A. Memorandum Items Millions of dollars Averages of daily figures Wednesday Week ended Change from week ended Nov 17, 2010 Memorandum item Nov 17, 2010 Nov 10, 2010 Nov 18, 2009 Marketable securities held in custody for foreign official and international accounts (1) 3,340,913 + 4,867 + 412,940 3,344,312 U.S. Treasury securities 2,610,561 + 6,658 + 448,832 2,614,200 Federal agency securities (2) 730,352 - 1,791 - 35,892 730,112 Securities lent to dealers 4,967 - 803 - 2,506 6,935 Overnight facility (3) 4,967 - 803 - 2,506 6,935 U.S. Treasury securities 3,658 - 1,025 - 2,546 5,743 Federal agency debt securities 1,309 + 222 + 40 1,192 Term facility (4) 0 0 0 0 Note: Components may not sum to totals because of rounding. 1. Face value of the securities. Includes U.S. Treasury STRIPS and other zero-coupon bonds at face value and mortgage-backed securities at original face value. 2. Includes debt and mortgage-backed securities. 3. Fully collateralized by U.S. Treasury securities. 4. U.S. Treasury securities only. Fully collateralized by U.S. Treasury securities, federal agency securities, and other highly rated debt securities. 2. Maturity Distribution of Securities, Loans, and Selected Other Assets and Liabilities, November 17, 2010 Millions of dollars 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) 135 0 0 46,868 0 ... 47,003 U.S. Treasury securities (2) Holdings 19,906 13,668 54,509 379,245 259,205 147,086 873,618 Weekly changes + 9,351 - 9,898 + 3,858 + 11,248 + 4,943 + 1,075 + 20,577 Federal agency debt securities (3) Holdings 816 3,813 36,868 74,553 30,597 2,347 148,994 Weekly changes - 687 + 259 - 88 + 1,031 - 1,202 0 - 687 Mortgage-backed securities (4) Holdings 0 0 0 26 21 1,038,231 1,038,278 Weekly changes 0 0 0 - 1 0 - 12,759 - 12,759 Asset-backed securities held by TALF LLC (5) 0 0 0 0 0 0 0 Repurchase agreements (6) 0 0 ... ... ... ... 0 Central bank liquidity swaps (7) 65 0 0 0 0 0 65 Reverse repurchase agreements (6) 54,199 0 ... ... ... ... 54,199 Term deposits 0 0 0 ... ... ... 0 Note: Components may not sum to totals because of rounding. . . . Not applicable. 1. Excludes the loans from the Federal Reserve Bank of New York (FRBNY) to Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC. The loans were eliminated when preparing the FRBNY's statement of condition consistent with consolidation under generally accepted accounting principles. 2. Face value. For inflation-indexed securities, includes the original face value and compensation that adjusts for the effect of inflation on the original face value of such securities. 3. Face value. 4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the underlying mortgages. 5. Face value of asset-backed securities held by TALF LLC, which is the remaining principal balance of the underlying assets. 6. Cash value of agreements. 7. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the foreign central bank. 3. Supplemental Information on Mortgage-Backed Securities Purchase Program Millions of dollars Wednesday Account name Nov 17, 2010 Mortgage-backed securities held outright (1) 1,038,278 Commitments to buy mortgage-backed securities (2) 0 Commitments to sell mortgage-backed securities (2) 0 Cash and cash equivalents (3) 0 1. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the underlying mortgages. 2. Current face value. Generally settle within 180 days and include commitments associated with outright transactions, dollar rolls, and coupon swaps. 3. This amount is included in other Federal Reserve assets in table 1 and in other assets in table 9 and table 10. 4. Information on Principal Accounts of Maiden Lane LLC Millions of dollars Wednesday Account name Nov 17, 2010 Net portfolio holdings of Maiden Lane LLC (1) 27,528 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 25,975 Accrued interest payable to the Federal Reserve Bank of New York (2) 594 Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3) 1,306 1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of September 30, 2010. Any assets purchased after this valuation date are initially recorded at cost until their estimated fair value as of the purchase date becomes available. 2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 10. 3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 9 and table 10. Note: On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended credit to Maiden Lane LLC under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to acquire certain assets of Bear Stearns and to manage those assets through time to maximize repayment of the credit extended and to minimize disruption to financial markets. Payments by Maiden Lane LLC from the proceeds of the net portfolio holdings will be made in the following order: operating expenses of the LLC, principal due to the FRBNY, interest due to the FRBNY, principal due to JPMorgan Chase & Co., and interest due to JPMorgan Chase & Co. Any remaining funds will be paid to the FRBNY. 5. Information on Principal Accounts of Maiden Lane II LLC Millions of dollars Wednesday Account name Nov 17, 2010 Net portfolio holdings of Maiden Lane II LLC (1) 16,285 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 13,254 Accrued interest payable to the Federal Reserve Bank of New York (2) 431 Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc. (3) 1,067 1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of September 30, 2010. Any assets purchased after this valuation date are initially recorded at cost until their estimated fair value as of the purchase date becomes available. 2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 10. 3. Book value. The deferred payment represents the portion of the proceeds of the net portfolio holdings due to subsidiaries of American International Group, Inc. in accordance with the asset purchase agreement. The fair value of this payment and accrued interest payable are included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 9 and table 10. Note: On December 12, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden Lane II LLC under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to purchase residential mortgage-backed securities from the U.S. securities lending reinvestment portfolio of subsidiaries of American International Group, Inc. (AIG subsidiaries). Payments by Maiden Lane II LLC from the proceeds of the net portfolio holdings will be made in the following order: operating expenses of Maiden Lane II LLC, principal due to the FRBNY, interest due to the FRBNY, and deferred payment and interest due to AIG subsidiaries. Any remaining funds will be shared by the FRBNY and AIG subsidiaries. 6. Information on Principal Accounts of Maiden Lane III LLC Millions of dollars Wednesday Account name Nov 17, 2010 Net portfolio holdings of Maiden Lane III LLC (1) 23,339 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 13,922 Accrued interest payable to the Federal Reserve Bank of New York (2) 524 Outstanding principal amount and accrued interest on loan payable to American International Group, Inc. (3) 5,345 1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of September 30, 2010. Any assets purchased after this valuation date are initially recorded at cost until their estimated fair value as of the purchase date becomes available. 2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 10. 3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 9 and table 10. Note: On November 25, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden Lane III LLC under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to purchase multi-sector collateralized debt obligations (CDOs) on which the Financial Products group of American International Group, Inc. (AIG) has written credit default swap (CDS) contracts. In connection with the purchase of CDOs, the CDS counterparties will concurrently unwind the related CDS transactions. Payments by Maiden Lane III LLC from the proceeds of the net portfolio holdings will be made in the following order: operating expenses of Maiden Lane III LLC, principal due to the FRBNY, interest due to the FRBNY, principal due to AIG, and interest due to AIG. Any remaining funds will be shared by the FRBNY and AIG. 7. Information on Principal Accounts of TALF LLC Millions of dollars Wednesday Account name Nov 17, 2010 Asset-backed securities holdings (1) 0 Other investments, net 622 Net portfolio holdings of TALF LLC 622 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 0 Accrued interest payable to the Federal Reserve Bank of New York (2) 0 Funding provided by U.S. Treasury to TALF LLC, including accrued interest payable (3) 106 1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an orderly market on the measurement date. 2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 10. 3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 9 and table 10. Note: On November 25, 2008, the Federal Reserve announced the creation of the Term Asset-Backed Securities Loan Facility (TALF) under the authority of section 13(3) of the Federal Reserve Act. The TALF is a facility under which the Federal Reserve Bank of New York (FRBNY) extends loans with a term of up to five years to holders of eligible asset-backed securities. The TALF is intended to assist financial markets in accommodating the credit needs of consumers and businesses by facilitating the issuance of asset-backed securities collateralized by a variety of consumer and business loans. The loans provided through the TALF to eligible borrowers are non-recourse, meaning that the obligation of the borrower can be discharged by surrendering the collateral to the FRBNY. The loans are extended for the market value of the security less an amount known as a haircut. As a result, the borrower bears the initial risk of a decline in the value of the security. TALF LLC is a limited liability company formed to purchase and manage any asset-backed securities received by the FRBNY in connection with the decision of a borrower not to repay a TALF loan. TALF LLC has committed, for a fee, to purchase all asset-backed securities received by the FRBNY in conjunction with a TALF loan at a price equal to the TALF loan plus accrued but unpaid interest. Losses on asset-backed securities held by TALF LLC will be offset in the following order: by the commitment fees collected by TALF LLC, by the interest received on investments of TALF LLC, by up to $4.3 billion in subordinated debt funding provided by the U.S. Treasury, and finally, by senior debt funding provided by the FRBNY. Payments by TALF LLC from the proceeds of its net portfolio holdings will be made in the following order: operating expenses of TALF LLC, principal due to the FRBNY, principal due to the U.S. Treasury, interest due to the FRBNY, and interest due to the U.S. Treasury. Any remaining funds will be shared by the FRBNY and the U.S. Treasury. 8. Supplemental Information on the Federal Reserve Bank of New York's Preferred Interests in AIA Aurora LLC and ALICO Holdings LLC Millions of dollars Wednesday Account name Nov 17, 2010 Preferred interests in AIA Aurora LLC and ALICO Holdings LLC (1) 26,057 Accrued dividends on preferred interests in AIA Aurora LLC and ALICO Holdings LLC (2) 171 Preferred interests in AIA Aurora LLC (1) 16,676 Accrued dividends on preferred interests in AIA Aurora LLC (2) 110 Preferred interests in ALICO Holdings LLC (1) 9,380 Accrued dividends on preferred interests in ALICO Holdings LLC (2) 62 Note: Components may not sum to totals because of rounding. 1. Book value. 2. This amount is included in other Federal Reserve assets in table 1 and in other assets in table 9 and table 10. Note on preferred interests: In conjunction with the restructuring of the government's assistance to American International Group, Inc. (AIG) announced March 2, 2009, the outstanding balance and amount available of revolving credit provided to AIG by the FRBNY has been reduced in exchange for preferred interests in two special purpose vehicles, AIA Aurora LLC and ALICO Holdings LLC. These two limited liability companies were created to directly or indirectly hold all of the outstanding common stock of American International Assurance Company Ltd. (AIA) and American Life Insurance Company (ALICO), two life insurance subsidiaries of AIG. AIG will retain control of AIA Aurora LLC and ALICO Holdings LLC, and the FRBNY will have certain consent, disposition, and conversion rights with respect to its preferred interests. Dividends accrue as a percentage of the FRBNY's preferred interests in AIA Aurora LLC and ALICO Holdings LLC. On a quarterly basis, the accrued dividends are capitalized and added to the FRBNY's preferred interests in AIA Aurora LLC and ALICO Holdings LLC. 9. Consolidated Statement of Condition of All Federal Reserve Banks Millions of dollars Eliminations from Wednesday Change since consolidation Nov 17, 2010 Wednesday Wednesday Assets, liabilities, and capital Nov 10, 2010 Nov 18, 2009 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 5,200 0 0 Coin 2,124 - 19 + 87 Securities, repurchase agreements, term auction credit, and other loans 2,107,893 + 7,458 + 113,286 Securities held outright (1) 2,060,890 + 7,131 + 284,272 U.S. Treasury securities 873,618 + 20,577 + 97,091 Bills (2) 18,423 0 0 Notes and bonds, nominal (2) 806,318 + 20,303 + 98,669 Notes and bonds, inflation-indexed (2) 43,247 + 269 - 1,396 Inflation compensation (3) 5,631 + 6 - 182 Federal agency debt securities (2) 148,994 - 687 - 4,055 Mortgage-backed securities (4) 1,038,278 - 12,759 + 191,236 Repurchase agreements (5) 0 0 0 Term auction credit 0 0 - 109,456 Other loans 47,003 + 327 - 61,529 Net portfolio holdings of Commercial Paper Funding Facility LLC (6) 0 0 - 15,043 Net portfolio holdings of Maiden Lane LLC (7) 27,528 - 990 + 1,179 Net portfolio holdings of Maiden Lane II LLC (8) 16,285 + 5 + 519 Net portfolio holdings of Maiden Lane III LLC (9) 23,339 + 18 + 388 Net portfolio holdings of TALF LLC (10) 622 0 + 391 Preferred interests in AIA Aurora LLC and ALICO Holdings LLC (11) 26,057 0 + 26,057 Items in process of collection (93) 349 + 82 - 101 Bank premises 2,225 + 1 - 3 Central bank liquidity swaps (12) 65 + 5 - 28,213 Other assets (13) 94,991 - 4,601 + 7,227 Total assets (93) 2,317,716 + 1,958 + 105,777 Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table. 9. Consolidated Statement of Condition of All Federal Reserve Banks (continued) Millions of dollars Eliminations from Wednesday Change since consolidation Nov 17, 2010 Wednesday Wednesday Assets, liabilities, and capital Nov 10, 2010 Nov 18, 2009 Liabilities Federal Reserve notes, net of F.R. Bank holdings 932,377 - 1,374 + 53,020 Reverse repurchase agreements (14) 54,199 - 889 - 5,707 Deposits (0) 1,229,659 + 4,146 + 23,839 Term deposits held by depository institutions 0 0 0 Other deposits held by depository institutions 988,866 - 17,952 - 120,403 U.S. Treasury, general account 38,705 + 30,438 - 23,604 U.S. Treasury, supplementary financing account 199,959 + 1 + 184,960 Foreign official 1,741 - 43 - 1,216 Other (0) 387 - 8,298 - 15,898 Deferred availability cash items (93) 2,309 + 104 - 35 Other liabilities and accrued dividends (15) 42,860 + 205 + 30,176 Total liabilities (93) 2,261,404 + 2,191 + 101,293 Capital accounts Capital paid in 26,739 + 12 + 1,377 Surplus 25,915 + 5 + 4,484 Other capital accounts 3,658 - 250 - 1,376 Total capital 56,312 - 233 + 4,484 Note: Components may not sum to totals because of rounding. 1. Includes securities lent to dealers under the overnight and term securities lending facilities; refer to table 1A. 2. Face value of the securities. 3. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed securities. 4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the underlying mortgages. 5. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities. 6. Includes the book value of the commercial paper, net of amortized costs and related fees, and other investments held by the Commercial Paper Funding Facility LLC. 7. Refer to table 4 and the note on consolidation accompanying table 10. 8. Refer to table 5 and the note on consolidation accompanying table 10. 9. Refer to table 6 and the note on consolidation accompanying table 10. 10. Refer to table 7 and the note on consolidation accompanying table 10. 11. Refer to table 8. 12. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the foreign central bank. 13. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates, accrued dividends on the Federal Reserve Bank of New York's (FRBNY) preferred interests in AIA Aurora LLC and ALICO Holdings LLC, and the fair value adjustment to credit extended by the FRBNY to eligible borrowers through the Term Asset-Backed Securities Loan Facility. 14. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities. 15. Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to entities other than the Federal Reserve Bank of New York, including liabilities that have recourse only to the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note on consolidation accompanying table 10. Also includes funds from American International Group, Inc. asset dispositions, held as agent. 10. Statement of Condition of Each Federal Reserve Bank, November 17, 2010 Millions of dollars 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 2,124 65 78 170 159 321 186 327 30 58 156 226 349 Securities, repurchase agreements, term auction credit, and other loans 2,107,893 52,159 887,824 48,128 70,021 234,713 195,020 155,364 53,085 28,225 70,703 86,541 226,111 Securities held outright (1) 2,060,890 52,154 840,952 48,128 70,020 234,713 195,017 155,363 53,085 28,213 70,697 86,538 226,010 U.S. Treasury securities 873,618 22,108 356,482 20,402 29,682 99,496 82,668 65,859 22,503 11,960 29,969 36,684 95,806 Bills (2) 18,423 466 7,517 430 626 2,098 1,743 1,389 475 252 632 774 2,020 Notes and bonds (3) 855,195 21,642 348,965 19,971 29,056 97,398 80,925 64,470 22,028 11,707 29,337 35,910 93,786 Federal agency debt securities (2) 148,994 3,771 60,797 3,479 5,062 16,969 14,099 11,232 3,838 2,040 5,111 6,256 16,340 Mortgage-backed securities (4) 1,038,278 26,275 423,672 24,247 35,276 118,249 98,250 78,272 26,744 14,214 35,617 43,598 113,864 Repurchase agreements (5) 0 0 0 0 0 0 0 0 0 0 0 0 0 Term auction credit 0 0 0 0 0 0 0 0 0 0 0 0 0 Other loans 47,003 5 46,872 0 0 0 3 1 0 12 6 3 102 Net portfolio holdings of Commercial Paper Funding Facility LLC (6) 0 0 0 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of Maiden Lane LLC (7) 27,528 0 27,528 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of Maiden Lane II LLC (8) 16,285 0 16,285 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of Maiden Lane III LLC (9) 23,339 0 23,339 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of TALF LLC (10) 622 0 622 0 0 0 0 0 0 0 0 0 0 Preferred interests in AIA Aurora LLC and ALICO Holdings LLC (11) 26,057 0 26,057 0 0 0 0 0 0 0 0 0 0 Items in process of collection 443 9 0 50 111 55 51 44 21 8 21 38 34 Bank premises 2,225 128 255 69 141 239 217 210 135 107 265 246 213 Central bank liquidity swaps (12) 65 2 19 7 5 18 4 2 1 2 1 1 4 Other assets (13) 94,991 2,723 35,792 4,467 4,278 15,102 8,079 5,767 2,040 1,693 2,571 3,255 9,224 Interdistrict settlement account 0 + 3,926 + 95,565 + 25,381 - 13,842 - 23,182 - 36,186 - 30,134 - 11,634 - 2,474 - 9,402 + 1,422 + 560 Total assets 2,317,809 59,578 1,119,220 78,885 61,572 228,524 169,411 132,891 44,153 27,913 64,763 92,662 238,240 Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table. 10. Statement of Condition of Each Federal Reserve Bank, November 17, 2010 (continued) Millions of dollars 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 1,126,776 41,157 385,614 45,810 45,953 89,570 142,498 87,373 32,740 20,199 33,566 76,366 125,931 Less: Notes held by F.R. Banks 194,399 4,473 75,318 5,168 7,487 13,247 24,620 12,105 4,262 5,665 3,297 11,480 27,277 Federal Reserve notes, net 932,377 36,684 310,296 40,642 38,466 76,323 117,878 75,268 28,479 14,534 30,269 64,885 98,654 Reverse repurchase agreements (14) 54,199 1,372 22,116 1,266 1,841 6,173 5,129 4,086 1,396 742 1,859 2,276 5,944 Deposits 1,229,659 19,373 731,639 30,844 16,614 132,563 42,566 51,530 13,542 10,484 31,845 24,289 124,369 Term deposits held by depository institutions 0 0 0 0 0 0 0 0 0 0 0 0 0 Other deposits held by depository institutions 988,866 19,345 491,049 30,839 16,610 132,440 42,563 51,513 13,539 10,483 31,844 24,288 124,352 U.S. Treasury, general account 38,705 0 38,705 0 0 0 0 0 0 0 0 0 0 U.S. Treasury, supplementary financing account 199,959 0 199,959 0 0 0 0 0 0 0 0 0 0 Foreign official 1,741 1 1,713 4 3 11 2 1 0 1 0 1 3 Other 387 26 213 0 1 113 0 15 3 0 1 0 14 Deferred availability cash items 2,403 76 12 246 515 97 120 179 73 392 120 113 460 Other liabilities and accrued dividends (15) 42,860 203 39,100 251 268 759 507 419 185 144 186 261 577 Total liabilities 2,261,497 57,706 1,103,163 73,249 57,704 215,915 166,200 131,482 43,675 26,296 64,280 91,824 230,003 Capital Capital paid in 26,739 916 7,677 2,831 1,928 5,435 1,555 671 215 806 228 400 4,077 Surplus 25,915 946 7,710 2,804 1,911 7,141 1,581 621 239 712 210 353 1,688 Other capital 3,658 9 670 1 30 33 74 117 24 98 46 84 2,471 Total liabilities and capital 2,317,809 59,578 1,119,220 78,885 61,572 228,524 169,411 132,891 44,153 27,913 64,763 92,662 238,240 Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table. 10. Statement of Condition of Each Federal Reserve Bank, November 17, 2010 (continued) 1. Includes securities lent to dealers under the overnight and term securities lending facilities; refer to table 1A. 2. Face value of the securities. 3. Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face value of such securities. 4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the underlying mortgages. 5. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities. 6. Includes the book value of the commercial paper, net of amortized costs and related fees, and other investments held by the Commercial Paper Funding Facility LLC. 7. Refer to table 4 and the note on consolidation below. 8. Refer to table 5 and the note on consolidation below. 9. Refer to table 6 and the note on consolidation below. 10. Refer to table 7 and the note on consolidation below. 11. Refer to table 8. 12. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the foreign central bank. 13. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates, accrued dividends on the Federal Reserve Bank of New York's (FRBNY) preferred interests in AIA Aurora LLC and ALICO Holdings LLC, and the fair value adjustment to credit extended by the FRBNY to eligible borrowers through the Term Asset-Backed Securities Loan Facility. 14. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities. 15. Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to entities other than the Federal Reserve Bank of New York, including liabilities that have recourse only to the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note on consolidation below. Also includes funds from American International Group, Inc. asset dispositions, held as agent. Note on consolidation: The Federal Reserve Bank of New York (FRBNY) has extended loans to several limited liability companies under the authority of section 13(3) of the Federal Reserve Act. On June 26, 2008, a loan was extended to Maiden Lane LLC, which was formed to acquire certain assets of Bear Stearns. On November 25, 2008, a loan was extended to Maiden Lane III LLC, which was formed to purchase multi-sector collateralized debt obligations on which the Financial Products group of the American International Group, Inc. has written credit default swap contracts. On December 12, 2008, a loan was extended to Maiden Lane II LLC, which was formed to purchase residential mortgage-backed securities from the U.S. securities lending reinvestment portfolio of subsidiaries of American International Group, Inc. On November 25, 2008, the Federal Reserve Board authorized the FRBNY to extend credit to TALF LLC, which was formed to purchase and manage any asset-backed securities received by the FRBNY in connection with the decision of a borrower not to repay a loan extended under the Term Asset-Backed Securities Loan Facility. The FRBNY is the primary beneficiary of TALF LLC, because of the two beneficiaries of the LLC, the FRBNY and the U.S. Treasury, the FRBNY is primarily responsible for directing the financial activities of TALF LLC. The FRBNY is the primary beneficiary of the other LLCs cited above because it will receive a majority of any residual returns of the LLCs and absorb a majority of any residual losses of the LLCs. Consistent with generally accepted accounting principles, the assets and liabilities of these LLCs have been consolidated with the assets and liabilities of the FRBNY in the preparation of the statements of condition shown on this release. As a consequence of the consolidation, the extensions of credit from the FRBNY to the LLCs are eliminated, the net assets of the LLCs appear as assets on the previous page (and in table 1 and table 9), and the liabilities of the LLCs to entities other than the FRBNY, including those with recourse only to the portfolio holdings of the LLCs, are included in other liabilities in this table (and table 1 and table 9). 11. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts Millions of dollars Wednesday Federal Reserve notes and collateral Nov 17, 2010 Federal Reserve notes outstanding 1,126,776 Less: Notes held by F.R. Banks not subject to collateralization 194,399 Federal Reserve notes to be collateralized 932,377 Collateral held against Federal Reserve notes 932,377 Gold certificate account 11,037 Special drawing rights certificate account 5,200 U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 916,140 Other assets pledged 0 Memo: Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 2,060,890 Less: Face value of securities under reverse repurchase agreements 48,509 U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 2,012,381 Note: Components may not sum to totals because of rounding. 1. Includes face value of U.S. Treasury, agency debt, and mortgage-backed securities held outright, compensation to adjust for the effect of inflation on the original face value of inflation-indexed securities, and cash value of repurchase agreements. 2. Includes securities lent to dealers under the overnight and term securities lending facilities; refer to table 1A.