Federal Reserve Statistical Release, H.4.1, Factors Affecting Reserve Balances; title with eagle logo links to Statistical Release home page
Release Date:   September 2, 2010
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FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks

September 2, 2010
1. Factors Affecting Reserve Balances of Depository Institutions
Millions of dollars
Reserve Bank credit, related items, and
reserve balances of depository institutions at
Federal Reserve Banks		 Averages of daily figures Wednesday
Sep 1, 2010
Week ended
Sep 1, 2010		 Change from week ended
Aug 25, 2010 Sep 2, 2009
Reserve Bank credit 2,286,683 - 7,462 + 223,351 2,284,674
    Securities held outright 1 2,045,484 - 5,676 + 554,856 2,045,953
        U.S. Treasury securities 785,813 + 2,984 + 37,782 786,283
            Bills 2 18,423 0 0 18,423
            Notes and bonds, nominal 2 720,694 + 2,837 + 41,419 720,773
            Notes and bonds, inflation-indexed 2 41,281 + 152 - 3,307 41,660
            Inflation compensation 3 5,416 - 5 - 330 5,427
        Federal agency debt securities 2 156,502 - 405 + 38,276 156,502
        Mortgage-backed securities 4 1,103,169 - 8,255 + 478,798 1,103,168
    Repurchase agreements 5 0 0 0 0
    Term auction credit 0 0 - 212,110 0
    Other loans 56,348 - 1,531 - 52,868 54,034
        Primary credit 13 - 15 - 32,646 9
        Secondary credit 0 - 1 - 590 0
        Seasonal credit 86 - 7 - 27 85
        Asset-Backed Commercial Paper Money Market
            Mutual Fund Liquidity Facility		 0 0 - 79 0
        Credit extended to American International
            Group, Inc., net 6		 19,909 - 181 - 18,898 20,057
        Term Asset-Backed Securities Loan Facility 7 36,340 - 1,327 - 629 33,883
        Other credit extensions 0 0 0 0
    Net portfolio holdings of Commercial Paper
        Funding Facility LLC 8		 0 0 - 48,155 0
    Net portfolio holdings of Maiden Lane LLC 9 29,004 + 22 + 2,969 29,047
    Net portfolio holdings of Maiden Lane II LLC 10 16,029 + 53 + 1,085 16,029
    Net portfolio holdings of Maiden Lane III LLC 11 23,329 + 4 + 2,432 23,337
    Net portfolio holdings of TALF LLC 12 575 + 5 + 575 575
    Preferred interests in AIA Aurora LLC and ALICO
        Holdings LLC 13		 25,733 0 + 25,733 25,733
    Float -1,729 - 57 + 304 -2,075
    Central bank liquidity swaps 14 44 + 5 - 63,243 44
    Other Federal Reserve assets 15 91,867 - 286 + 11,775 91,997
Gold stock 11,041 0 0 11,041
Special drawing rights certificate account 5,200 0 + 3,000 5,200
Treasury currency outstanding 16 43,331 + 14 + 844 43,331
 
Total factors supplying reserve funds 2,346,255 - 7,448 + 227,195 2,344,246
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.


1. Factors Affecting Reserve Balances of Depository Institutions (continued)
Millions of dollars
Reserve Bank credit, related items, and
reserve balances of depository institutions at
Federal Reserve Banks		 Averages of daily figures Wednesday
Sep 1, 2010
Week ended
Sep 1, 2010		 Change from week ended
Aug 25, 2010 Sep 2, 2009
Currency in circulation 16 947,508 + 1,232 + 37,060 950,893
Reverse repurchase agreements 17 61,999 + 1,566 - 7,426 58,276
    Foreign official and international accounts 61,999 + 1,566 - 7,426 58,276
    Dealers 0 0 0 0
Treasury cash holdings 240 + 19 - 15 247
Deposits with F.R. Banks, other than reserve balances 230,019 + 4,482 - 12,396 252,809
    Term deposits held by depository institutions 2,119 0 + 2,119 2,119
    U.S. Treasury, general account 23,113 + 4,290 - 12,468 45,737
    U.S. Treasury, supplementary financing account 199,956 + 2 + 24 199,956
    Foreign official 1,985 + 294 - 518 2,069
    Service-related 2,433 - 25 - 1,644 2,433
        Required clearing balances 2,433 - 25 - 1,644 2,433
        Adjustments to compensate for float 0 0 0 0
    Other 414 - 77 + 92 495
Other liabilities and capital 18 71,946 - 97 + 12,598 71,485
 
Total factors, other than reserve balances,
    absorbing reserve funds		 1,311,714 + 7,204 + 29,822 1,333,711
 
Reserve balances with Federal Reserve Banks 1,034,542 - 14,651 + 197,374 1,010,535
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
Memorandum item Averages of daily figures Wednesday
Sep 1, 2010
Week ended
Sep 1, 2010		 Change from week ended
Aug 25, 2010 Sep 2, 2009
Marketable securities held in custody for foreign
    official and international accounts 1		 3,210,850 + 13,650 + 382,328 3,225,132
    U.S. Treasury securities 2,393,824 + 18,032 + 344,719 2,407,645
    Federal agency securities 2 817,026 - 4,382 + 37,609 817,487
Securities lent to dealers 6,778 + 1,371 - 5,088 8,443
    Overnight facility 3 6,778 + 1,371 - 5,088 8,443
        U.S. Treasury securities 5,446 + 1,435 - 6,229 7,130
        Federal agency debt securities 1,332 - 65 + 1,140 1,313
    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 1, 2010
Millions of dollars
Remaining maturity Within 15
days		 16 days to
90 days		 91 days to
1 year		 Over 1 year
to 5 years		 Over 5 years
to 10 years		 Over 10
years		 All
Other loans 1 33 61 0 53,940 0 ... 54,034
U.S. Treasury securities 2  
    Holdings 13,318 17,798 52,786 341,198 220,725 140,458 786,283
    Weekly changes - 5,355 + 6,588 - 507 - 1,610 + 1,036 + 1,633 + 1,785
Federal agency debt securities 3  
    Holdings 1,983 6,341 38,402 74,683 32,746 2,347 156,502
    Weekly changes + 1,983 - 1,983 0 0 0 0 0
Mortgage-backed securities 4  
    Holdings 0 0 0 29 20 1,103,119 1,103,168
    Weekly changes 0 0 0 0 0 + 1 + 1
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 43 1 0 0 0 0 44
   
Reverse repurchase agreements 6 58,276 0 ... ... ... ... 58,276
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
Account name Wednesday
Sep 1, 2010
Mortgage-backed securities held outright 1 1,103,168
 
Commitments to buy mortgage-backed securities 2 0
Commitments to sell mortgage-backed securities 2 0
 
Cash and cash equivalents 3 43
1. 
Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the underlying mortgages.
2. 
Current face value. Generally settle within 180 days and include commitments associated with outright transactions, dollar rolls, and coupon swaps.
3. 
This amount is included in other Federal Reserve assets in table 1 and in other assets in table 9 and table 10.

4. Information on Principal Accounts of Maiden Lane LLC
Millions of dollars
Account name Wednesday
Sep 1, 2010
Net portfolio holdings of Maiden Lane LLC 1 29,047
 
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York 2 28,281
Accrued interest payable to the Federal Reserve Bank of New York 2 550
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. 3 1,292
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
Account name Wednesday
Sep 1, 2010
Net portfolio holdings of Maiden Lane II LLC 1 16,029
 
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York 2 13,873
Accrued interest payable to the Federal Reserve Bank of New York 2 394
Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc. 3 1,060
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
Account name Wednesday
Sep 1, 2010
Net portfolio holdings of Maiden Lane III LLC 1 23,337
 
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York 2 15,107
Accrued interest payable to the Federal Reserve Bank of New York 2 484
Outstanding principal amount and accrued interest on loan payable to American International Group, Inc. 3 5,308
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
Account name Wednesday
Sep 1, 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
Account name Wednesday
Sep 1, 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 2 222
 
Preferred interests in AIA Aurora LLC 1 16,469
Accrued dividends on preferred interests in AIA Aurora LLC 2 142
 
Preferred interests in ALICO Holdings LLC 1 9,264
Accrued dividends on preferred interests in ALICO Holdings LLC 2 80
Note: Components may not sum to totals because of rounding.


1. 
Book value.
2. 
This amount is included in other Federal Reserve assets in table 1 and in other assets in table 9 and table 10.

Note on preferred interests:


In conjunction with the restructuring of the government's assistance to American International Group, Inc. (AIG) announced March 2, 2009, the outstanding balance and amount available of revolving credit provided to AIG by the FRBNY has been reduced in exchange for preferred interests in two special purpose vehicles, AIA Aurora LLC and ALICO Holdings LLC. These two limited liability companies were created to directly or indirectly hold all of the outstanding common stock of American International Assurance Company Ltd. (AIA) and American Life Insurance Company (ALICO), two life insurance subsidiaries of AIG. AIG will retain control of AIA Aurora LLC and ALICO Holdings LLC, and the FRBNY will have certain consent, disposition, and conversion rights with respect to its preferred interests.


Dividends accrue as a percentage of the FRBNY's preferred interests in AIA Aurora LLC and ALICO Holdings LLC. On a quarterly basis, the accrued dividends are capitalized and added to the FRBNY's preferred interests in AIA Aurora LLC and ALICO Holdings LLC.


9. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of dollars
Assets, liabilities, and capital Eliminations from
consolidation		 Wednesday
Sep 1, 2010		 Change since
Wednesday
Aug 25, 2010		 Wednesday
Sep 2, 2009
Assets  
    Gold certificate account   11,037 0 0
    Special drawing rights certificate account   5,200 0 + 3,000
    Coin   2,067 - 2 + 151
    Securities, repurchase agreements, term auction
        credit, and other loans		   2,099,987 - 563 + 281,884
        Securities held outright 1   2,045,953 + 1,786 + 548,522
            U.S. Treasury securities   786,283 + 1,785 + 33,442
                Bills 2   18,423 0 0
                Notes and bonds, nominal 2   720,773 + 1,243 + 36,698
                Notes and bonds, inflation-indexed 2   41,660 + 531 - 2,928
                Inflation compensation 3   5,427 + 10 - 328
            Federal agency debt securities 2   156,502 0 + 37,165
            Mortgage-backed securities 4   1,103,168 + 1 + 477,915
        Repurchase agreements 5   0 0 0
        Term auction credit   0 0 - 212,110
        Other loans   54,034 - 2,349 - 54,528
    Net portfolio holdings of Commercial Paper
        Funding Facility LLC 6		   0 0 - 47,663
    Net portfolio holdings of Maiden Lane LLC 7   29,047 + 57 + 2,968
    Net portfolio holdings of Maiden Lane II LLC 8   16,029 - 1 + 1,082
    Net portfolio holdings of Maiden Lane III LLC 9   23,337 + 10 + 2,402
    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 (109) 275 - 44 - 345
    Bank premises   2,222 - 7 + 8
    Central bank liquidity swaps 12   44 + 5 - 63,243
    Other assets 13   89,787 + 1,509 + 12,010
 
Total assets (109) 2,305,341 + 965 + 218,564
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.


9. Consolidated Statement of Condition of All Federal Reserve Banks (continued)
Millions of dollars
Assets, liabilities, and capital Eliminations from
consolidation		 Wednesday
Sep 1, 2010		 Change since
Wednesday
Aug 25, 2010		 Wednesday
Sep 2, 2009
Liabilities  
    Federal Reserve notes, net of F.R. Bank holdings   909,873 + 3,596 + 37,060
    Reverse repurchase agreements 14   58,276 - 2,839 - 10,427
    Deposits (0) 1,263,356 - 291 + 179,694
        Term deposits held by depository institutions   2,119 0 + 2,119
        Other deposits held by depository institutions   1,012,980 - 40,362 + 190,647
        U.S. Treasury, general account   45,737 + 39,848 - 12,979
        U.S. Treasury, supplementary financing account   199,956 + 2 + 24
        Foreign official   2,069 + 159 - 311
        Other (0) 495 + 62 + 195
    Deferred availability cash items (109) 2,350 + 365 - 516
    Other liabilities and accrued dividends 15   14,864 - 176 + 6,960
 
Total liabilities (109) 2,248,719 + 654 + 212,772
 
Capital accounts  
    Capital paid in   26,675 - 47 + 1,894
    Surplus   25,851 + 6 + 4,511
    Other capital accounts   4,095 + 352 - 615
 
Total capital   56,621 + 310 + 5,791
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 1, 2010
Millions of dollars
Assets, liabilities, and capital Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas
City		 Dallas San
Francisco
Assets  
    Gold certificate account 11,037 369 4,038 404 463 846 1,385 887 324 203 296 652 1,170
    Special drawing rights certificate acct. 5,200 196 1,818 210 237 412 654 424 150 90 153 282 574
    Coin 2,067 63 70 163 150 304 198 320 30 58 148 217 347
    Securities, repurchase agreements,
        term auction credit, and other
        loans		 2,099,987 51,776 888,797 47,780 69,513 233,013 193,620 154,240 52,727 28,034 70,192 85,922 224,373
        Securities held outright 1 2,045,953 51,776 834,857 47,779 69,513 233,012 193,604 154,237 52,700 28,009 70,185 85,911 224,372
            U.S. Treasury securities 786,283 19,898 320,845 18,362 26,715 89,549 74,404 59,275 20,253 10,764 26,973 33,016 86,229
                Bills 2 18,423 466 7,517 430 626 2,098 1,743 1,389 475 252 632 774 2,020
                Notes and bonds 3 767,861 19,432 313,328 17,932 26,089 87,451 72,661 57,886 19,779 10,512 26,341 32,243 84,208
            Federal agency debt securities 2 156,502 3,961 63,861 3,655 5,317 17,824 14,809 11,798 4,031 2,142 5,369 6,572 17,163
            Mortgage-backed securities 4 1,103,168 27,918 450,151 25,762 37,481 125,639 104,390 83,164 28,416 15,102 37,843 46,323 120,980
        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 54,034 0 53,940 1 0 1 16 4 27 25 8 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		 29,047 0 29,047 0 0 0 0 0 0 0 0 0 0
    Net portfolio holdings of Maiden
        Lane II LLC 8		 16,029 0 16,029 0 0 0 0 0 0 0 0 0 0
    Net portfolio holdings of Maiden
        Lane III LLC 9		 23,337 0 23,337 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 385 17 0 32 87 11 39 55 28 15 16 40 47
    Bank premises 2,222 124 256 69 142 238 218 209 135 108 265 247 212
    Central bank liquidity swaps 12 44 2 13 5 3 12 3 1 0 1 0 1 3
    Other assets 13 89,787 2,568 33,904 4,276 4,043 14,310 7,619 5,419 1,906 1,599 2,413 3,055 8,675
    Interdistrict settlement account 0 + 3,196 + 102,304 + 23,059 - 14,882 + 13,391 - 43,725 - 36,255 - 12,994 + 9,696 - 16,969 - 2,081 - 24,740
 
Total assets 2,305,450 58,309 1,125,921 75,998 59,756 262,536 160,011 125,301 42,306 39,804 56,514 88,334 210,660
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 1, 2010 (continued)
Millions of dollars
Assets, liabilities, and capital Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas
City		 Dallas San
Francisco
Liabilities  
    Federal Reserve notes outstanding 1,139,205 41,254 389,576 46,118 46,654 90,557 145,109 88,371 33,384 20,371 34,138 77,348 126,323
        Less: Notes held by F.R. Banks 229,332 4,105 97,773 5,336 9,592 14,838 31,380 13,214 4,587 5,775 3,387 12,791 26,554
            Federal Reserve notes, net 909,873 37,149 291,802 40,782 37,062 75,719 113,730 75,157 28,797 14,596 30,751 64,557 99,769
    Reverse repurchase agreements 14 58,276 1,475 23,780 1,361 1,980 6,637 5,515 4,393 1,501 798 1,999 2,447 6,391
    Deposits 1,263,356 17,509 783,215 27,714 16,045 166,575 36,840 43,691 11,246 22,297 22,980 20,105 95,139
        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		 1,012,980 17,470 534,385 27,710 16,027 166,277 36,675 43,122 11,237 22,290 22,945 20,042 94,801
        U.S. Treasury, general account 45,737 0 45,737 0 0 0 0 0 0 0 0 0 0
        U.S. Treasury, supplementary
            financing account		 199,956 0 199,956 0 0 0 0 0 0 0 0 0 0
        Foreign official 2,069 1 2,041 4 3 11 2 1 0 1 0 1 3
        Other 495 12 210 0 0 191 1 63 8 0 1 0 8
    Deferred availability cash items 2,460 87 2 241 527 112 138 225 80 343 127 109 470
    Other liabilities and accrued
        dividends 15		 14,864 194 11,172 219 253 737 524 428 192 136 191 263 557
 
Total liabilities 2,248,829 56,414 1,109,970 70,317 55,867 249,780 156,746 123,894 41,815 38,170 56,049 87,481 202,326
 
Capital  
    Capital paid in 26,675 916 7,653 2,829 1,924 5,439 1,551 668 216 807 211 399 4,062
    Surplus 25,851 946 7,647 2,804 1,911 7,141 1,581 621 239 712 210 353 1,688
    Other capital 4,095 33 650 48 55 177 133 119 36 116 44 100 2,584
 
Total liabilities and capital 2,305,450 58,309 1,125,921 75,998 59,756 262,536 160,011 125,301 42,306 39,804 56,514 88,334 210,660
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 1, 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
Federal Reserve notes and collateral Wednesday
Sep 1, 2010
Federal Reserve notes outstanding 1,139,205
    Less: Notes held by F.R. Banks not subject to collateralization 229,332
        Federal Reserve notes to be collateralized 909,873
Collateral held against Federal Reserve notes 909,873
    Gold certificate account 11,037
    Special drawing rights certificate account 5,200
    U.S. Treasury, agency debt, and mortgage-backed securities pledged 1,2 893,636
    Other assets pledged 0
Memo:  
Total U.S. Treasury, agency debt, and mortgage-backed securities 1,2 2,045,953
    Less: Face value of securities under reverse repurchase agreements 56,825
        U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 1,989,129
Note: Components may not sum to totals because of rounding.


1. 
Includes face value of U.S. Treasury, agency debt, and mortgage-backed securities held outright, compensation to adjust for the effect of inflation on the original face value of inflation-indexed securities, and cash value of repurchase agreements.
2. 
Includes securities lent to dealers under the overnight and term securities lending facilities; refer to table 1A.

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Last update: September 2, 2010