FRB: H.4.1 Release--Factors Affecting Reserve Balances--September 9, 2010

FEDERAL RESERVE statistical release
H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
September 9, 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 8, 2010
Federal Reserve Banks Sep 8, 2010 Sep 1, 2010 Sep 9, 2009

Reserve Bank credit 2,286,610 - 73 + 216,885 2,287,656
Securities held outright (1) 2,047,242 + 1,758 + 545,873 2,049,564
U.S. Treasury securities 787,572 + 1,759 + 34,037 789,894
Bills (2) 18,423 0 0 18,423
Notes and bonds, nominal (2) 722,060 + 1,366 + 37,278 724,381
Notes and bonds, inflation-indexed (2) 41,660 + 379 - 2,928 41,660
Inflation compensation (3) 5,429 + 13 - 313 5,430
Federal agency debt securities (2) 156,502 0 + 33,926 156,502
Mortgage-backed securities (4) 1,103,168 - 1 + 477,911 1,103,168
Repurchase agreements (5) 0 0 0 0
Term auction credit 0 0 - 212,110 0
Other loans 53,529 - 2,819 - 53,624 52,937
Primary credit 29 + 16 - 30,345 29
Secondary credit 0 0 - 581 0
Seasonal credit 82 - 4 - 25 77
Asset-Backed Commercial Paper Money Market
Mutual Fund Liquidity Facility 0 0 - 79 0
Credit extended to American International
Group, Inc., net (6) 20,008 + 99 - 18,883 19,869
Term Asset-Backed Securities Loan Facility (7) 33,410 - 2,930 - 3,711 32,962
Other credit extensions 0 0 0 0
Net portfolio holdings of Commercial Paper
Funding Facility LLC (8) 0 0 - 47,139 0
Net portfolio holdings of Maiden Lane LLC (9) 29,050 + 46 + 2,967 29,070
Net portfolio holdings of Maiden Lane II LLC (10) 15,967 - 62 + 1,287 15,814
Net portfolio holdings of Maiden Lane III LLC (11) 23,221 - 108 + 2,791 22,999
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 -1,889 - 160 + 6 -2,712
Central bank liquidity swaps (14) 64 + 20 - 61,543 64
Other Federal Reserve assets (15) 93,118 + 1,251 + 12,069 93,611
Gold stock 11,041 0 0 11,041
Special drawing rights certificate account 5,200 0 + 3,000 5,200
Treasury currency outstanding (16) 43,345 + 14 + 794 43,345

Total factors supplying reserve funds 2,346,196 - 59 + 220,678 2,347,241

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 8, 2010
Federal Reserve Banks Sep 8, 2010 Sep 1, 2010 Sep 9, 2009

Currency in circulation (16) 953,826 + 6,318 + 37,907 954,728
Reverse repurchase agreements (17) 57,958 - 4,041 - 8,568 58,802
Foreign official and international accounts 57,958 - 4,041 - 8,568 58,802
Dealers 0 0 0 0
Treasury cash holdings 246 + 6 - 10 241
Deposits with F.R. Banks, other than reserve balances 230,452 + 433 + 6,682 211,868
Term deposits held by depository institutions 2,119 0 + 2,119 2,119
U.S. Treasury, general account 23,062 - 51 + 6,264 4,859
U.S. Treasury, supplementary financing account 199,957 + 1 + 25 199,957
Foreign official 2,482 + 497 - 32 2,121
Service-related 2,433 0 - 1,644 2,433
Required clearing balances 2,433 0 - 1,644 2,433
Adjustments to compensate for float 0 0 0 0
Other 399 - 15 - 49 378
Other liabilities and capital (18) 72,415 + 469 + 12,963 71,644

Total factors, other than reserve balances,
absorbing reserve funds 1,314,897 + 3,183 + 48,974 1,297,283

Reserve balances with Federal Reserve Banks 1,031,299 - 3,243 + 171,704 1,049,959

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 8, 2010
Memorandum item Sep 8, 2010 Sep 1, 2010 Sep 9, 2009

Marketable securities held in custody for foreign
official and international accounts (1) 3,220,723 + 9,873 + 392,924 3,214,103
U.S. Treasury securities 2,406,224 + 12,400 + 356,174 2,404,147
Federal agency securities (2) 814,499 - 2,527 + 36,750 809,956
Securities lent to dealers 6,873 + 95 - 5,162 6,743
Overnight facility (3) 6,873 + 95 - 5,162 6,743
U.S. Treasury securities 5,483 + 37 - 6,329 5,309
Federal agency debt securities 1,391 + 59 + 1,168 1,434
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 8, 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) 50 56 0 52,831 0 ... 52,937
U.S. Treasury securities (2)
Holdings 15,474 15,641 52,786 343,586 221,947 140,459 789,894
Weekly changes + 2,156 - 2,157 0 + 2,388 + 1,222 + 1 + 3,611
Federal agency debt securities (3)
Holdings 2,397 5,927 38,402 74,683 32,746 2,347 156,502
Weekly changes + 414 - 414 0 0 0 0 0
Mortgage-backed securities (4)
Holdings 0 0 0 29 21 1,103,118 1,103,168
Weekly changes 0 0 0 0 + 1 - 1 0
Asset-backed securities held by
TALF LLC (5) 0 0 0 0 0 0 0
Repurchase agreements (6) 0 0 ... ... ... ... 0
Central bank liquidity swaps (7) 63 1 0 0 0 0 64

Reverse repurchase agreements (6) 58,802 0 ... ... ... ... 58,802
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 8, 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) 12

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 8, 2010

Net portfolio holdings of Maiden Lane LLC (1) 29,070

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) 554
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3) 1,293

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 8, 2010

Net portfolio holdings of Maiden Lane II LLC (1) 15,814

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) 397
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
Wednesday
Account name Sep 8, 2010

Net portfolio holdings of Maiden Lane III LLC (1) 22,999

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) 488
Outstanding principal amount and accrued interest on loan payable to American International Group, Inc. (3) 5,311

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 8, 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 8, 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) 247

Preferred interests in AIA Aurora LLC (1) 16,469
Accrued dividends on preferred interests in AIA Aurora LLC (2) 158

Preferred interests in ALICO Holdings LLC (1) 9,264
Accrued dividends on preferred interests in ALICO Holdings LLC (2) 89

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 8, 2010 Wednesday Wednesday
Assets, liabilities, and capital Sep 1, 2010 Sep 9, 2009

Assets
Gold certificate account 11,037 0 0
Special drawing rights certificate account 5,200 0 + 3,000
Coin 2,067 0 + 147
Securities, repurchase agreements, term auction
credit, and other loans 2,102,501 + 2,514 + 277,796
Securities held outright (1) 2,049,564 + 3,611 + 543,398
U.S. Treasury securities 789,894 + 3,611 + 32,122
Bills (2) 18,423 0 0
Notes and bonds, nominal (2) 724,381 + 3,608 + 35,356
Notes and bonds, inflation-indexed (2) 41,660 0 - 2,928
Inflation compensation (3) 5,430 + 3 - 307
Federal agency debt securities (2) 156,502 0 + 33,386
Mortgage-backed securities (4) 1,103,168 0 + 477,890
Repurchase agreements (5) 0 0 0
Term auction credit 0 0 - 212,110
Other loans 52,937 - 1,097 - 53,492
Net portfolio holdings of Commercial Paper
Funding Facility LLC (6) 0 0 - 45,667
Net portfolio holdings of Maiden Lane LLC (7) 29,070 + 23 + 2,961
Net portfolio holdings of Maiden Lane II LLC (8) 15,814 - 215 + 1,177
Net portfolio holdings of Maiden Lane III LLC (9) 22,999 - 338 + 2,488
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 (114) 412 + 137 - 187
Bank premises 2,223 + 1 + 7
Central bank liquidity swaps (12) 64 + 20 - 61,543
Other assets (13) 91,400 + 1,613 + 11,620

Total assets (114) 2,309,094 + 3,753 + 218,105

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 8, 2010 Wednesday Wednesday
Assets, liabilities, and capital Sep 1, 2010 Sep 9, 2009

Liabilities
Federal Reserve notes, net of F.R. Bank holdings 913,687 + 3,814 + 37,008
Reverse repurchase agreements (14) 58,802 + 526 - 7,072
Deposits (0) 1,261,838 - 1,518 + 176,093
Term deposits held by depository institutions 2,119 0 + 2,119
Other deposits held by depository institutions 1,052,403 + 39,423 + 174,408
U.S. Treasury, general account 4,859 - 40,878 + 359
U.S. Treasury, supplementary financing account 199,957 + 1 + 25
Foreign official 2,121 + 52 - 583
Other (0) 378 - 117 - 235
Deferred availability cash items (114) 3,123 + 773 - 360
Other liabilities and accrued dividends (15) 15,029 + 165 + 6,849

Total liabilities (114) 2,252,479 + 3,760 + 212,518

Capital accounts
Capital paid in 26,675 0 + 1,892
Surplus 25,857 + 6 + 4,509
Other capital accounts 4,083 - 12 - 814

Total capital 56,615 - 6 + 5,587

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 8, 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 2,067 63 69 164 150 305 197 318 30 58 149 217 347
Securities, repurchase agreements,
term auction credit, and other
loans 2,102,501 51,868 889,162 47,866 69,635 233,423 193,956 154,518 52,818 28,096 70,317 86,074 224,769
Securities held outright (1) 2,049,564 51,868 836,330 47,863 69,635 233,423 193,945 154,509 52,793 28,058 70,308 86,062 224,768
U.S. Treasury securities 789,894 19,990 322,318 18,446 26,837 89,960 74,746 59,547 20,346 10,813 27,097 33,168 86,625
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) 771,471 19,523 314,801 18,016 26,211 87,862 73,002 58,158 19,872 10,561 26,465 32,394 84,604
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 52,937 0 52,831 2 0 0 10 9 25 38 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) 29,070 0 29,070 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of Maiden
Lane II LLC (8) 15,814 0 15,814 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of Maiden
Lane III LLC (9) 22,999 0 22,999 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 526 25 0 43 113 11 80 78 24 21 28 51 51
Bank premises 2,223 124 256 69 142 238 218 210 135 108 265 247 212
Central bank liquidity swaps (12) 64 2 19 7 5 18 4 2 1 2 1 1 4
Other assets (13) 91,400 2,609 34,574 4,281 4,101 14,497 7,776 5,542 1,944 1,624 2,471 3,125 8,855
Interdistrict settlement account 0 - 572 + 97,611 + 25,053 - 13,453 + 11,263 - 43,556 - 30,160 - 12,760 + 11,093 - 17,699 + 101 - 26,919

Total assets 2,309,208 54,683 1,121,737 78,096 61,393 261,014 160,714 131,818 42,665 41,295 55,980 90,750 209,063

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 8, 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 1,137,545 41,203 388,479 46,258 46,596 90,491 144,490 88,326 33,354 20,455 34,230 77,336 126,328
Less: Notes held by F.R. Banks 223,858 3,890 96,060 5,185 9,143 14,362 30,516 12,836 4,371 5,817 3,266 12,392 26,020
Federal Reserve notes, net 913,687 37,312 292,418 41,073 37,453 76,129 113,974 75,489 28,984 14,637 30,965 64,944 100,308
Reverse repurchase agreements (14) 58,802 1,488 23,994 1,373 1,998 6,697 5,564 4,433 1,515 805 2,017 2,469 6,449
Deposits 1,261,838 13,653 778,057 29,404 17,305 164,540 37,167 49,725 11,360 23,683 22,133 22,049 92,760
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 1,052,403 13,610 570,060 29,399 17,288 164,352 37,004 49,152 11,393 23,676 22,098 21,986 92,387
U.S. Treasury, general account 4,859 0 4,859 0 0 0 0 0 0 0 0 0 0
U.S. Treasury, supplementary
financing account 199,957 0 199,957 0 0 0 0 0 0 0 0 0 0
Foreign official 2,121 1 2,093 4 3 11 2 1 0 1 0 1 3
Other 378 16 202 0 0 82 0 67 -33 0 1 0 44
Deferred availability cash items 3,238 137 0 336 485 171 215 298 125 398 200 165 706
Other liabilities and accrued
dividends (15) 15,029 199 11,271 225 257 749 531 432 192 142 193 270 567

Total liabilities 2,252,593 52,790 1,105,741 72,411 57,498 248,287 157,452 130,378 42,176 39,665 55,508 89,897 200,790

Capital
Capital paid in 26,675 916 7,653 2,829 1,924 5,439 1,551 668 217 807 211 399 4,062
Surplus 25,857 946 7,653 2,804 1,911 7,141 1,581 621 239 712 210 353 1,688
Other capital 4,083 31 690 52 60 148 130 152 34 111 50 101 2,523

Total liabilities and capital 2,309,208 54,683 1,121,737 78,096 61,393 261,014 160,714 131,818 42,665 41,295 55,980 90,750 209,063

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 8, 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 8, 2010

Federal Reserve notes outstanding 1,137,545
Less: Notes held by F.R. Banks not subject to collateralization 223,858
Federal Reserve notes to be collateralized 913,687
Collateral held against Federal Reserve notes 913,687
Gold certificate account 11,037
Special drawing rights certificate account 5,200
U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 897,450
Other assets pledged 0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 2,049,564
Less: Face value of securities under reverse repurchase agreements 57,333
U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 1,992,231

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.

Statistical releases