The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
FEDERAL RESERVE statistical release For release at 4:30 P.M. EDT October 27, 2011 The weekly average values, shown in table 1, reflect the September 30, 2011, quarterly updates to the fair values of the net portfolio holdings of Maiden Lane LLC, Maiden Lane II LLC, and Maiden Lane III LLC, and the fair value adjustment of the Term Asset-Backed Securities Loan Facility, or TALF, which is included in "Other Federal Reserve assets." The amounts for the first six days of this reporting week are based on the values as of June 30, 2011, and the amounts for the last day of the reporting week are based on the values as of September 30, 2011. FEDERAL RESERVE statistical release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks October 27, 2011 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 Reserve Bank credit Securities held outright1 U.S. Treasury securities Bills2 Notes and bonds, nominal2 Notes and bonds, inflation-indexed2 Inflation compensation3 Federal agency debt securities2 Mortgage-backed securities4 Repurchase agreements5 Loans Primary credit Secondary credit Seasonal credit Credit extended to American International Group, Inc., net6 Term Asset-Backed Securities Loan Facility7 Other credit extensions Net portfolio holdings of Maiden Lane LLC8 Net portfolio holdings of Maiden Lane II LLC9 Net portfolio holdings of Maiden Lane III LLC10 Net portfolio holdings of TALF LLC11 Preferred interests in AIA Aurora LLC and ALICO Holdings LLC6 Float Central bank liquidity swaps12 Other Federal Reserve assets13 Gold stock Special drawing rights certificate account Treasury currency outstanding14 Week ended Oct 26, 2011 2,832,936 2,636,744 1,670,907 18,423 1,575,160 67,596 9,729 107,668 858,169 0 11,096 4 0 38 0 11,053 0 13,093 9,803 20,416 793 0 -1,016 1,853 140,154 11,041 5,200 44,146 Averages of daily figures Change from week ended Oct 19, 2011 Oct 27, 2010 + + + - + + + + 4,886 4,338 4,945 0 6,089 978 166 343 8,939 0 164 1 0 4 + + + 550,177 592,843 836,630 0 807,885 24,618 4,129 42,511 201,276 0 36,748 20 0 6 2,828,719 2,634,941 1,678,012 18,423 1,582,247 67,596 9,747 107,668 849,261 0 11,004 1 1 38 19,273 17,463 0 14,877 5,993 2,526 171 0 10,964 0 12,929 9,472 18,015 794 + 26,057 506 1,793 41,066 0 0 697 0 -788 1,853 140,499 11,041 5,200 44,146 + 550,874 2,889,105 + + + + 0 162 0 1,397 53 672 8 - 0 77 0 1,651 0 0 14 + + + Total factors supplying reserve funds 2,893,323 4,872 Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table. Wednesday Oct 26, 2011 + H.4.1 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 Currency in circulation14 Reverse repurchase agreements15 Foreign official and international accounts Others Treasury cash holdings Deposits with F.R. Banks, other than reserve balances Term deposits held by depository institutions U.S. Treasury, General Account U.S. Treasury, Supplementary Financing Account Foreign official Service-related Required clearing balances Adjustments to compensate for float Other Funds from American International Group, Inc. asset dispositions, held as agent6 Other liabilities and capital16 Total factors, other than reserve balances, absorbing reserve funds Reserve balances with Federal Reserve Banks Note: Components may not sum to totals because of rounding. Week ended Oct 26, 2011 1,041,873 80,396 80,396 0 142 131,396 0 64,369 0 129 2,510 2,510 0 64,388 Averages of daily figures Change from week ended Oct 19, 2011 Oct 27, 2010 + 943 40 40 0 1 28,602 5,077 20,966 0 1 2 2 0 12,716 0 71,081 - 0 939 - 0 1,335 0 67,368 1,324,888 + 26,760 - 14,351 1,303,530 1,568,435 - 31,631 + 565,225 1,585,575 1. 2. 3. 4. + + + + - + + + + + + Wednesday Oct 26, 2011 + 80,490 23,507 25,120 1,613 79 116,934 5,113 26,450 199,961 2,049 114 114 0 63,626 1,043,254 81,316 81,316 0 124 111,469 0 55,187 0 132 2,510 2,510 0 53,640 Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A. Face value of the securities. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed securities. 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. H.4.1 1A. Memorandum Items Millions of dollars Memorandum item Week ended Oct 26, 2011 Marketable securities held in custody for foreign official and international accounts1 U.S. Treasury securities Federal agency securities2 Securities lent to dealers Overnight facility3 U.S. Treasury securities Federal agency debt securities Note: Components may not sum to totals because of rounding. Averages of daily figures Change from week ended Oct 19, 2011 Oct 27, 2010 3,397,254 2,675,128 722,126 12,720 12,720 11,746 974 + + + - 11,505 10,853 652 1,413 1,413 1,697 284 + + + + + - Wednesday Oct 26, 2011 103,181 112,951 9,770 7,268 7,268 7,458 190 3,391,830 2,669,910 721,921 13,996 13,996 13,044 952 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, October 26, 2011 Millions of dollars Within 15 days Remaining maturity Loans1 U.S. Treasury securities2 Holdings Weekly changes Federal agency debt securities3 Holdings Weekly changes Mortgage-backed securities4 Holdings Weekly changes Asset-backed securities held by TALF LLC5 Repurchase agreements6 Central bank liquidity swaps7 16 days to 90 days 39 - 16,515 3,520 91 days to 1 year 1 Over 1 year to 5 years 4,132 Over 5 years to 10 years 6,832 Over 10 years 0 ... - 117,752 352 - 697,690 8,505 0 0 6,170 0 + 19,596 844 - 63,409 844 0 0 0 0 0 0 13 0 0 0 500 0 0 1,353 0 ... 0 0 ... 0 0 ... 0 0 ... 0 0 0 1,853 0 0 ... 0 ... ... ... ... ... ... 81,316 0 Reverse repurchase agreements6 81,316 Term deposits 0 Note: Components may not sum to totals because of rounding. . . . Not applicable. + + 16,146 0 - 21 1 211,914 2,525 11,004 26,737 3,520 + 607,404 14,088 All 1,678,012 7,756 + 2,347 0 - 849,227 12,813 107,668 0 - 849,261 12,814 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. H.4.1 3. Supplemental Information on Mortgage-Backed Securities Millions of dollars Account name Mortgage-backed securities held outright1 Commitments to buy mortgage-backed securities2 Commitments to sell mortgage-backed securities2 Wednesday Oct 26, 2011 849,261 20,500 0 Cash and cash equivalents3 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 Account name Net portfolio holdings of Maiden Lane LLC1 Wednesday Oct 26, 2011 12,929 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2 9,882 Accrued interest payable to the Federal Reserve Bank of New York2 745 Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co.3 1,372 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 Account name Net portfolio holdings of Maiden Lane II LLC1 Wednesday Oct 26, 2011 9,472 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2 6,507 Accrued interest payable to the Federal Reserve Bank of New York2 553 Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc.3 1,100 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. H.4.1 6. Information on Principal Accounts of Maiden Lane III LLC Millions of dollars Account name Net portfolio holdings of Maiden Lane III LLC1 Wednesday Oct 26, 2011 18,015 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2 9,739 Accrued interest payable to the Federal Reserve Bank of New York2 669 Outstanding principal amount and accrued interest on loan payable to American International Group, Inc.3 5,509 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 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 Asset-backed securities holdings1 Other investments, net Net portfolio holdings of TALF LLC Wednesday Oct 26, 2011 0 794 794 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2 0 Accrued interest payable to the Federal Reserve Bank of New York2 0 Funding provided by U.S. Treasury to TALF LLC, including accrued interest payable3 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. H.4.1 8. Consolidated Statement of Condition of All Federal Reserve Banks Millions of dollars Assets, liabilities, and capital Assets Gold certificate account Special drawing rights certificate account Coin Securities, repurchase agreements, and loans Securities held outright1 U.S. Treasury securities Bills2 Notes and bonds, nominal2 Notes and bonds, inflation-indexed2 Inflation compensation3 Federal agency debt securities2 Mortgage-backed securities4 Repurchase agreements5 Loans Net portfolio holdings of Maiden Lane LLC6 Net portfolio holdings of Maiden Lane II LLC7 Net portfolio holdings of Maiden Lane III LLC8 Net portfolio holdings of TALF LLC9 Preferred interests in AIA Aurora LLC and ALICO Holdings LLC10 Items in process of collection Bank premises Central bank liquidity swaps11 Other assets12 Eliminations from consolidation Wednesday Oct 26, 2011 11,037 5,200 2,346 2,645,944 2,634,941 1,678,012 18,423 1,582,247 67,596 9,747 107,668 849,261 0 11,004 12,929 9,472 18,015 794 (93) 0 329 2,186 1,853 138,270 Total assets (93) 2,848,375 Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table. Change since Wednesday Wednesday Oct 19, 2011 Oct 27, 2010 + 0 0 158 559,814 596,375 840,164 0 811,406 24,618 4,141 42,013 201,776 0 36,560 15,540 7,000 5,517 172 + 0 67 3 0 1,746 + + + 26,057 45 40 1,793 42,113 - 6,802 + 549,941 + + + + + + + 0 0 63 5,311 5,059 7,756 0 7,707 0 49 0 12,814 0 251 191 386 2,802 9 + + + + + + + - H.4.1 8. Consolidated Statement of Condition of All Federal Reserve Banks (continued) Millions of dollars Assets, liabilities, and capital Liabilities Federal Reserve notes, net of F.R. Bank holdings Reverse repurchase agreements13 Deposits Term deposits held by depository institutions Other deposits held by depository institutions U.S. Treasury, General Account U.S. Treasury, Supplementary Financing Account Foreign official Other Deferred availability cash items Other liabilities and accrued dividends14 Total liabilities Capital accounts Capital paid in Surplus Other capital accounts Total capital Note: Components may not sum to totals because of rounding. 1. 2. 3. 4. Eliminations from consolidation (0) (0) (93) (93) Wednesday Oct 26, 2011 Change since Wednesday Wednesday Oct 19, 2011 Oct 27, 2010 1,001,574 81,316 1,697,001 0 1,588,042 55,187 0 132 53,640 1,117 15,311 + + + - 421 848 4,495 5,077 16,356 13,205 0 6 2,563 279 3,313 + + + + + + - 79,249 25,764 451,726 5,113 577,437 27,958 199,961 1,569 52,975 949 591 2,796,319 - 6,817 + 555,199 26,028 26,028 0 + + 8 8 0 + - 687 130 4,700 52,057 + 17 - 5,256 Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A. Face value of the securities. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed securities. 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. H.4.1 9. Statement of Condition of Each Federal Reserve Bank, October 26, 2011 Millions of dollars Assets, liabilities, and capital Assets Gold certificate account Special drawing rights certificate acct. Coin Securities, repurchase agreements, and loans Securities held outright1 U.S. Treasury securities Bills2 Notes and bonds3 Federal agency debt securities2 Mortgage-backed securities4 Repurchase agreements5 Loans Net portfolio holdings of Maiden Lane LLC6 Net portfolio holdings of Maiden Lane II LLC7 Net portfolio holdings of Maiden Lane III LLC8 Net portfolio holdings of TALF LLC9 Preferred interests in AIA Aurora LLC and ALICO Holdings LLC10 Items in process of collection Bank premises Central bank liquidity swaps11 Other assets12 Interdistrict settlement account Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Kansas City Minneapolis San Francisco Dallas 11,037 5,200 2,346 390 196 59 3,866 1,818 86 432 210 165 450 237 172 872 412 393 1,394 654 214 854 424 341 319 150 34 197 90 58 318 153 172 728 282 243 1,217 574 410 2,645,944 2,634,941 1,678,012 18,423 1,659,589 107,668 849,261 0 11,004 64,784 64,784 41,256 453 40,803 2,647 20,880 0 0 1,236,325 1,225,360 780,347 8,567 771,780 50,070 394,943 0 10,964 90,263 90,263 57,482 631 56,851 3,688 29,092 0 0 71,175 71,175 45,327 498 44,829 2,908 22,940 0 0 304,309 304,309 193,793 2,128 191,666 12,435 98,081 0 0 195,889 195,888 124,748 1,370 123,378 8,004 63,136 0 1 156,483 156,477 99,649 1,094 98,555 6,394 50,434 0 6 49,873 49,872 31,760 349 31,411 2,038 16,074 0 1 40,511 40,495 25,789 283 25,505 1,655 13,052 0 16 70,106 70,091 44,636 490 44,146 2,864 22,591 0 15 104,212 104,212 66,366 729 65,637 4,258 33,588 0 0 262,015 262,015 166,859 1,832 165,027 10,706 84,449 0 0 12,929 0 12,929 0 0 0 0 0 0 0 0 0 0 9,472 0 9,472 0 0 0 0 0 0 0 0 0 0 18,015 794 0 0 18,015 794 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 421 2,186 1,853 138,270 0 0 32 122 64 3,698 6,083 0 0 258 537 59,330 + 296,858 0 57 67 179 6,447 11,772 0 104 126 137 5,027 6,374 0 4 233 380 18,464 - 153,693 0 34 214 106 9,837 36,982 0 25 207 47 7,275 14,648 0 4 135 15 2,357 8,929 0 15 106 57 2,584 17,034 0 6 260 17 3,209 19,501 0 18 246 28 4,834 2,659 0 123 212 285 15,206 36,668 Total assets 2,848,468 75,428 1,640,289 86,048 71,055 Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table. 171,374 + - - - 171,361 - 151,008 - 43,958 - 26,584 - 54,740 + 113,250 - 243,373 H.4.1 9. Statement of Condition of Each Federal Reserve Bank, October 26, 2011 (continued) Millions of dollars Assets, liabilities, and capital Liabilities Federal Reserve notes outstanding Less: Notes held by F.R. Banks Federal Reserve notes, net Reverse repurchase agreements13 Deposits Term deposits held by depository institutions Other deposits held by depository institutions U.S. Treasury, General Account U.S. Treasury, Supplementary Financing Account Foreign official Other Deferred availability cash items Interest on Federal Reserve notes due to U.S. Treasury14 Other liabilities and accrued dividends15 Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas City San Francisco Dallas 1,177,317 175,743 1,001,574 81,316 1,697,001 43,261 5,726 37,535 1,999 33,696 394,786 48,139 346,646 37,815 1,229,282 46,387 7,046 39,341 2,786 38,591 54,718 9,834 44,883 2,197 19,524 95,615 12,292 83,323 9,391 66,599 146,238 26,981 119,257 6,045 42,500 90,173 13,256 76,918 4,829 67,208 33,839 4,561 29,278 1,539 12,451 21,016 5,535 15,481 1,250 9,242 34,918 4,088 30,830 2,163 20,970 80,769 11,645 69,125 3,216 39,740 135,598 26,641 108,957 8,086 117,198 0 0 0 0 0 0 0 0 0 0 0 0 0 1,588,042 55,187 33,683 0 1,120,537 55,187 38,587 0 19,520 0 66,421 0 42,535 0 67,176 0 12,447 0 9,239 0 20,969 0 39,739 0 117,189 0 0 132 53,640 1,209 0 1 12 77 0 103 53,454 0 0 4 0 188 0 3 1 166 0 8 170 34 0 2 -38 66 0 1 31 79 0 0 4 43 0 1 2 228 0 0 1 55 0 1 0 60 0 6 3 211 -661 48 -1,603 69 55 201 119 99 30 30 45 63 182 15,972 186 12,551 258 264 701 425 353 165 134 159 256 519 2,796,411 73,542 1,624,691 81,233 67,089 160,249 168,413 149,486 43,507 26,365 54,223 112,459 235,154 26,028 26,028 0 943 943 0 7,799 7,799 0 2,408 2,408 0 1,983 1,983 0 5,562 5,562 0 1,474 1,474 0 761 761 0 226 226 0 110 110 0 259 259 0 396 396 0 4,110 4,110 0 Total liabilities and capital 2,848,468 75,428 1,640,289 86,048 71,055 Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table. 171,374 171,361 151,008 43,958 26,584 54,740 113,250 243,373 Total liabilities Capital Capital paid in Surplus Other capital H.4.1 9. Statement of Condition of Each Federal Reserve Bank, October 26, 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). H.4.1 10. Collateral Held against Federal Reserve Notes: Federal Reserve Agents’ Accounts Millions of dollars Federal Reserve notes and collateral Federal Reserve notes outstanding Less: Notes held by F.R. Banks not subject to collateralization Federal Reserve notes to be collateralized Collateral held against Federal Reserve notes Gold certificate account Special drawing rights certificate account U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 Other assets pledged Memo: Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 Less: Face value of securities under reverse repurchase agreements U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 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. Wednesday Oct 26, 2011 1,177,317 175,743 1,001,574 1,001,574 11,037 5,200 985,337 0 2,634,941 71,709 2,563,232
@FedFRASER