FRB: H.4.1 Release--Factors Affecting Reserve Balances--November 10, 2011

FEDERAL RESERVE statistical release
H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
November 10, 2011

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 9, 2011
Federal Reserve Banks Nov 9, 2011 Nov 2, 2011 Nov 10, 2010

Reserve Bank credit 2,811,633 - 6,019 + 522,363 2,822,405
Securities held outright (1) 2,616,040 - 7,174 + 567,436 2,625,040
U.S. Treasury securities 1,659,111 - 7,174 + 811,225 1,668,111
Bills (2) 18,423 0 0 18,423
Notes and bonds, nominal (2) 1,561,677 - 8,696 + 780,814 1,570,445
Notes and bonds, inflation-indexed (2) 69,053 + 1,343 + 26,075 69,252
Inflation compensation (3) 9,958 + 178 + 4,337 9,992
Federal agency debt securities (2) 107,668 0 - 42,013 107,668
Mortgage-backed securities (4) 849,261 0 - 201,776 849,261
Repurchase agreements (5) 0 0 0 0
Loans 10,619 - 275 - 36,084 10,605
Primary credit 5 - 18 - 8 9
Secondary credit 0 0 - 1 0
Seasonal credit 24 - 8 + 5 24
Credit extended to American International
Group, Inc., net (6) 0 0 - 19,455 0
Term Asset-Backed Securities Loan Facility (7) 10,591 - 247 - 16,624 10,571
Other credit extensions 0 0 0 0
Net portfolio holdings of Maiden Lane LLC (8) 12,972 + 33 - 15,538 12,979
Net portfolio holdings of Maiden Lane II LLC (9) 9,336 - 117 - 6,943 9,337
Net portfolio holdings of Maiden Lane III LLC (10) 18,049 + 30 - 5,192 18,154
Net portfolio holdings of TALF LLC (11) 794 0 + 172 794
Preferred interests in AIA Aurora LLC and ALICO
Holdings LLC (6) 0 0 - 26,057 0
Float -808 + 109 + 1,020 -1,174
Central bank liquidity swaps (12) 1,945 + 92 + 1,885 1,960
Other Federal Reserve assets (13) 142,686 + 1,284 + 41,665 144,710
Gold stock 11,041 0 0 11,041
Special drawing rights certificate account 5,200 0 0 5,200
Treasury currency outstanding (14) 44,152 + 14 + 687 44,152

Total factors supplying reserve funds 2,872,026 - 6,004 + 523,051 2,882,797

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 9, 2011
Federal Reserve Banks Nov 9, 2011 Nov 2, 2011 Nov 10, 2010

Currency in circulation (14) 1,052,149 + 6,813 + 81,185 1,056,940
Reverse repurchase agreements (15) 93,082 + 2,081 + 38,037 87,648
Foreign official and international accounts 93,082 + 2,081 + 38,037 87,648
Others 0 0 0 0
Treasury cash holdings 111 - 11 - 63 112
Deposits with F.R. Banks, other than reserve balances 89,400 - 11,541 - 140,043 78,248
Term deposits held by depository institutions 0 0 0 0
U.S. Treasury, General Account 37,029 - 20,746 + 15,444 24,193
U.S. Treasury, Supplementary Financing Account 0 0 - 199,958 0
Foreign official 125 - 4 - 1,751 125
Service-related 2,505 - 3 + 140 2,505
Required clearing balances 2,505 - 3 + 140 2,505
Adjustments to compensate for float 0 0 0 0
Other 49,741 + 9,211 + 46,082 51,425
Funds from American International Group, Inc. asset
dispositions, held as agent (6) 0 0 - 26,217 0
Other liabilities and capital (16) 68,664 + 169 - 4,783 68,716

Total factors, other than reserve balances,
absorbing reserve funds 1,303,406 - 2,489 - 51,884 1,291,664

Reserve balances with Federal Reserve Banks 1,568,620 - 3,515 + 574,935 1,591,133

Note: Components may not sum to totals because of rounding.

1. Includes securities lent to dealers under the overnight securities lending facility; 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. As a result of the closing of the American International Group, Inc. (AIG) recapitalization plan on
January 14, 2011, the credit extended to AIG was fully repaid and the Federal Reserve's commitment to lend
any further funds was terminated. In addition, the Federal Reserve Bank of New York (FRBNY) has been paid
in full for its preferred interests in AIA Aurora LLC and ALICO Holdings LLC. The funds from AIG asset
dispositions that FRBNY held as agent were the source of repayment of the credit extended to AIG, as well
as a portion of the FRBNY's preferred interests in ALICO Holdings LLC. The remaining FRBNY preferred
interests in ALICO Holdings LLC and AIA Aurora LLC, valued at approximately $20 billion, were purchased by
AIG through a draw on the Treasury's Series F preferred stock commitment and then transferred by AIG to
the Treasury as consideration for the draw on the available Series F funds.
7. Includes credit extended by the Federal Reserve Bank of New York to eligible borrowers through the Term
Asset-Backed Securities Loan Facility.
8. Refer to table 4 and the note on consolidation accompanying table 9.
9. Refer to table 5 and the note on consolidation accompanying table 9.
10. Refer to table 6 and the note on consolidation accompanying table 9.
11. Refer to table 7 and the note on consolidation accompanying table 9.
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, and the fair value adjustment to credit extended by the FRBNY to eligible borrowers through the
Term Asset-Backed Securities Loan Facility. Before the closing of the AIG recapitalization plan on
January 14, 2011, included accrued dividends on the FRBNY's preferred interests in AIA Aurora LLC and
ALICO Holdings LLC.
14. Estimated.
15. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt
securities, and mortgage-backed securities.
16. 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 9. Also includes the liability for interest on Federal Reserve notes due to U.S.
Treasury. Refer to table 8 and table 9.

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 9, 2011
Memorandum item Nov 9, 2011 Nov 2, 2011 Nov 10, 2010

Marketable securities held in custody for foreign
official and international accounts (1) 3,442,649 + 47,158 + 106,603 3,441,965
U.S. Treasury securities 2,720,230 + 45,771 + 116,327 2,718,683
Federal agency securities (2) 722,419 + 1,387 - 9,724 723,282
Securities lent to dealers 10,972 - 184 + 5,202 10,329
Overnight facility (3) 10,972 - 184 + 5,202 10,329
U.S. Treasury securities 9,924 - 347 + 5,241 9,224
Federal agency debt securities 1,047 + 161 - 40 1,105

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.

2. Maturity Distribution of Securities, Loans, and Selected Other Assets and Liabilities, November 9, 2011
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

Loans (1) 10 24 4,144 6,427 0 ... 10,605
U.S. Treasury securities (2)
Holdings 13,865 27,502 115,533 679,270 612,962 218,979 1,668,111
Weekly changes - 6,285 + 6,285 + 2 + 4 + 9,642 + 4,267 + 13,916
Federal agency debt securities (3)
Holdings 1,759 4,411 19,596 63,409 16,146 2,347 107,668
Weekly changes + 1,588 - 1,588 0 0 0 0 0
Mortgage-backed securities (4)
Holdings 0 0 0 12 23 849,225 849,261
Weekly changes 0 0 0 0 + 2 - 2 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) 507 1,453 0 0 0 0 1,960

Reverse repurchase agreements (6) 87,648 0 ... ... ... ... 87,648
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
Millions of dollars
Wednesday
Account name Nov 9, 2011

Mortgage-backed securities held outright (1) 849,261

Commitments to buy mortgage-backed securities (2) 31,500
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 8 and table 9.

4. Information on Principal Accounts of Maiden Lane LLC
Millions of dollars
Wednesday
Account name Nov 9, 2011

Net portfolio holdings of Maiden Lane LLC (1) 12,979

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 9,882
Accrued interest payable to the Federal Reserve Bank of New York (2) 748
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3) 1,375

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, 2011. 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 9.
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 8 and table 9.

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 9, 2011

Net portfolio holdings of Maiden Lane II LLC (1) 9,337

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 6,368
Accrued interest payable to the Federal Reserve Bank of New York (2) 557
Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc. (3) 1,101

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, 2011. 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 9.
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
8 and table 9.

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 9, 2011

Net portfolio holdings of Maiden Lane III LLC (1) 18,154

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 9,739
Accrued interest payable to the Federal Reserve Bank of New York (2) 674
Outstanding principal amount and accrued interest on loan payable to American International Group, Inc. (3) 5,516

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 9, 2011

Asset-backed securities holdings (1) 0
Other investments, net 794
Net portfolio holdings of TALF LLC 794

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) 109

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 9.
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 8 and table 9.

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. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of dollars
Eliminations from Wednesday Change since
consolidation Nov 9, 2011 Wednesday Wednesday
Assets, liabilities, and capital Nov 2, 2011 Nov 10, 2010

Assets
Gold certificate account 11,037 0 0
Special drawing rights certificate account 5,200 0 0
Coin 2,296 - 5 + 153
Securities, repurchase agreements, and loans 2,635,645 + 13,682 + 535,210
Securities held outright (1) 2,625,040 + 13,916 + 571,281
U.S. Treasury securities 1,668,111 + 13,916 + 815,070
Bills (2) 18,423 0 0
Notes and bonds, nominal (2) 1,570,445 + 12,332 + 784,430
Notes and bonds, inflation-indexed (2) 69,252 + 1,390 + 26,274
Inflation compensation (3) 9,992 + 194 + 4,367
Federal agency debt securities (2) 107,668 0 - 42,013
Mortgage-backed securities (4) 849,261 0 - 201,776
Repurchase agreements (5) 0 0 0
Loans 10,605 - 235 - 36,071
Net portfolio holdings of Maiden Lane LLC (6) 12,979 + 8 - 15,539
Net portfolio holdings of Maiden Lane II LLC (7) 9,337 + 1 - 6,943
Net portfolio holdings of Maiden Lane III LLC (8) 18,154 + 123 - 5,167
Net portfolio holdings of TALF LLC (9) 794 0 + 172
Preferred interests in AIA Aurora LLC and ALICO
Holdings LLC (10) 0 0 - 26,057
Items in process of collection (99) 307 - 124 + 40
Bank premises 2,179 + 1 - 45
Central bank liquidity swaps (11) 1,960 + 107 + 1,900
Other assets (12) 142,529 + 3,942 + 42,937

Total assets (99) 2,842,417 + 17,734 + 526,659

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.

8. Consolidated Statement of Condition of All Federal Reserve Banks (continued)
Millions of dollars
Eliminations from Wednesday Change since
consolidation Nov 9, 2011 Wednesday Wednesday
Assets, liabilities, and capital Nov 2, 2011 Nov 10, 2010

Liabilities
Federal Reserve notes, net of F.R. Bank holdings 1,015,192 + 6,749 + 81,441
Reverse repurchase agreements (13) 87,648 - 36,864 + 32,560
Deposits (0) 1,669,380 + 46,978 + 443,867
Term deposits held by depository institutions 0 0 0
Other deposits held by depository institutions 1,593,637 + 71,878 + 586,819
U.S. Treasury, General Account 24,193 - 39,708 + 15,926
U.S. Treasury, Supplementary Financing Account 0 0 - 199,958
Foreign official 125 - 1 - 1,659
Other (0) 51,425 + 14,809 + 42,740
Deferred availability cash items (99) 1,481 + 73 - 724
Other liabilities and accrued dividends (14) 16,609 + 783 - 26,046

Total liabilities (99) 2,790,310 + 17,719 + 531,097

Capital accounts
Capital paid in 26,053 + 7 - 674
Surplus 26,053 + 7 + 143
Other capital accounts 0 0 - 3,908

Total capital 52,107 + 15 - 4,438

Note: Components may not sum to totals because of rounding.

1. Includes securities lent to dealers under the overnight securities lending facility; 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. Refer to table 4 and the note on consolidation accompanying table 9.
7. Refer to table 5 and the note on consolidation accompanying table 9.
8. Refer to table 6 and the note on consolidation accompanying table 9.
9. Refer to table 7 and the note on consolidation accompanying table 9.
10. As a result of the closing of the AIG recapitalization plan on January 14, 2011, the Federal Reserve Bank
of New York has been paid in full for its preferred interests in AIA Aurora LLC and ALICO Holdings LLC. A
portion of the preferred interests was redeemed by AIG with the funds from AIG asset dispositions that were
held as agent by the Federal Reserve.
11. 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.
12. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates
and the fair value adjustment to credit extended by the Federal Reserve Bank of New York (FRBNY) to
eligible borrowers through the Term Asset-Backed Securities Loan Facility. Before the closing of the AIG
recapitalization plan on January 14, 2011, included accrued dividends on the FRBNY's preferred interests in
AIA Aurora LLC and ALICO Holdings LLC.
13. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt
securities, and mortgage-backed securities.
14. 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 9. Also includes the liability for interest on Federal Reserve notes due to U.S.
Treasury. Before the closing of the AIG recapitalization plan on January 14, 2011, included funds from
American International Group, Inc. asset dispositions, held as agent.

9. Statement of Condition of Each Federal Reserve Bank, November 9, 2011
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 11,037 390 3,866 432 450 872 1,394 854 319 197 318 728 1,217
Special drawing rights certificate acct. 5,200 196 1,818 210 237 412 654 424 150 90 153 282 574
Coin 2,296 58 86 163 170 395 206 337 33 58 171 239 380
Securities, repurchase agreements,
and loans 2,635,645 64,540 1,231,328 89,924 70,909 303,165 195,157 155,893 49,686 40,350 69,842 103,821 261,030
Securities held outright (1) 2,625,040 64,540 1,220,756 89,924 70,908 303,165 195,152 155,889 49,684 40,343 69,827 103,821 261,030
U.S. Treasury securities 1,668,111 41,013 775,743 57,143 45,059 192,650 124,012 99,062 31,572 25,636 44,373 65,974 165,874
Bills (2) 18,423 453 8,567 631 498 2,128 1,370 1,094 349 283 490 729 1,832
Notes and bonds (3) 1,649,688 40,560 767,176 56,512 44,561 190,522 122,642 97,967 31,224 25,353 43,883 65,245 164,043
Federal agency debt securities (2) 107,668 2,647 50,070 3,688 2,908 12,435 8,004 6,394 2,038 1,655 2,864 4,258 10,706
Mortgage-backed securities (4) 849,261 20,880 394,943 29,092 22,940 98,081 63,136 50,434 16,074 13,052 22,591 33,588 84,449
Repurchase agreements (5) 0 0 0 0 0 0 0 0 0 0 0 0 0
Loans 10,605 0 10,572 0 1 0 5 4 2 7 14 0 0
Net portfolio holdings of Maiden
Lane LLC (6) 12,979 0 12,979 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of Maiden
Lane II LLC (7) 9,337 0 9,337 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of Maiden
Lane III LLC (8) 18,154 0 18,154 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of TALF LLC (9) 794 0 794 0 0 0 0 0 0 0 0 0 0
Preferred interests in AIA Aurora LLC
and ALICO Holdings LLC (10) 0 0 0 0 0 0 0 0 0 0 0 0 0
Items in process of collection 407 34 0 55 69 7 35 28 7 11 5 16 140
Bank premises 2,179 122 257 67 126 233 214 205 134 105 259 245 211
Central bank liquidity swaps (11) 1,960 68 568 190 145 402 112 50 16 61 18 30 302
Other assets (12) 142,529 3,791 61,363 6,665 5,107 18,893 10,169 7,548 2,424 2,638 3,332 5,008 15,591
Interdistrict settlement account 0 + 5,463 + 252,104 - 10,296 - 2 - 137,538 - 30,604 - 14,673 - 7,298 - 15,888 - 18,675 + 2,530 - 25,122

Total assets 2,842,516 74,662 1,592,653 87,409 77,211 186,841 177,337 150,666 45,470 27,622 55,423 112,899 254,323

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.

9. Statement of Condition of Each Federal Reserve Bank, November 9, 2011 (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 1,182,464 43,802 399,706 46,380 54,598 95,510 145,953 90,277 33,805 21,024 34,882 80,798 135,728
Less: Notes held by F.R. Banks 167,272 5,295 45,163 6,797 9,684 11,614 25,860 12,801 4,263 5,454 3,689 11,463 25,189
Federal Reserve notes, net 1,015,192 38,507 354,543 39,583 44,915 83,896 120,093 77,476 29,542 15,570 31,193 69,335 110,539
Reverse repurchase agreements (13) 87,648 2,155 40,760 3,002 2,368 10,123 6,516 5,205 1,659 1,347 2,331 3,467 8,716
Deposits 1,669,380 31,796 1,169,265 39,496 25,443 80,809 47,138 65,904 13,567 10,034 21,103 38,915 125,910
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 1,593,637 31,791 1,093,747 39,491 25,440 80,652 47,136 65,870 13,566 10,031 21,096 38,914 125,901
U.S. Treasury, General Account 24,193 0 24,193 0 0 0 0 0 0 0 0 0 0
U.S. Treasury, Supplementary
Financing Account 0 0 0 0 0 0 0 0 0 0 0 0 0
Foreign official 125 1 97 4 3 8 2 1 0 1 0 1 6
Other 51,425 3 51,228 0 0 148 0 33 1 2 6 0 3
Deferred availability cash items 1,581 96 0 217 217 44 83 116 58 301 79 76 294
Interest on Federal Reserve notes due
to U.S. Treasury (14) 614 36 -84 36 23 142 97 91 27 16 48 59 124
Other liabilities and accrued
dividends (15) 15,995 186 12,569 259 269 706 424 350 166 135 160 251 519

Total liabilities 2,790,410 72,776 1,577,054 82,593 73,235 175,720 174,351 149,143 45,018 27,402 54,914 112,102 246,101

Capital
Capital paid in 26,053 943 7,799 2,408 1,988 5,560 1,493 761 226 110 254 398 4,111
Surplus 26,053 943 7,799 2,408 1,988 5,560 1,493 761 226 110 254 398 4,111
Other capital 0 0 0 0 0 0 0 0 0 0 0 0 0

Total liabilities and capital 2,842,516 74,662 1,592,653 87,409 77,211 186,841 177,337 150,666 45,470 27,622 55,423 112,899 254,323

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.

9. Statement of Condition of Each Federal Reserve Bank, November 9, 2011 (continued)
1. Includes securities lent to dealers under the overnight securities lending facility; 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. Refer to table 4 and the note on consolidation below.
7. Refer to table 5 and the note on consolidation below.
8. Refer to table 6 and the note on consolidation below.
9. Refer to table 7 and the note on consolidation below.
10. As a result of the closing of the AIG recapitalization plan on January 14, 2011, the Federal Reserve Bank of New York has been paid in full for its preferred interests in AIA Aurora LLC and ALICO
Holdings LLC. A portion of the preferred interests was redeemed by AIG with the funds from AIG asset dispositions that were held as agent by the Federal Reserve.
11. 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.
12. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates and the fair value adjustment to credit extended by the Federal Reserve Bank of New York
(FRBNY) to eligible borrowers through the Term Asset-Backed Securities Loan Facility. Before the closing of the AIG recapitalization plan on January 14, 2011, included accrued dividends on the
FRBNY's preferred interests in AIA Aurora LLC and ALICO Holdings LLC.
13. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.
14. Represents the estimated weekly remittances to U.S Treasury as interest on Federal Reserve notes or, in those cases where the Reserve Bank's net earnings are not sufficient to equate surplus to
capital paid-in, the deferred asset for interest on Federal Reserve notes. The amount of any deferred asset, which is presented as a negative amount in this line, represents the amount of the
Federal Reserve Bank's earnings that must be retained before remittances to the U.S. Treasury resume. The amounts on this line are calculated in accordance with Board of Governors policy, which
requires the Federal Reserve Banks to remit residual earnings to the U.S. Treasury as interest on Federal Reserve notes after providing for the costs of operations, payment of dividends, and the
amount necessary to equate surplus with capital paid-in.
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. Before the closing of the AIG recapitalization plan on January 14,
2011, included 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 8), 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 8).

10. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts
Millions of dollars
Wednesday
Federal Reserve notes and collateral Nov 9, 2011

Federal Reserve notes outstanding 1,182,464
Less: Notes held by F.R. Banks not subject to collateralization 167,272
Federal Reserve notes to be collateralized 1,015,192
Collateral held against Federal Reserve notes 1,015,192
Gold certificate account 11,037
Special drawing rights certificate account 5,200
U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 998,955
Other assets pledged 0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 2,625,040
Less: Face value of securities under reverse repurchase agreements 75,073
U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 2,549,967

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 securities lending facility; refer to table
1A.

Statistical releases