FRB: Annual Report 2008, Statistical Table 9: Statement of Condition of the Federal Reserve Banks, by Bank, December 31, 2008 and 2007

9A. Statement of Condition of the Federal Reserve Banks, by Bank, December 31, 2008 and 2007
Millions of dollars
Item	Total		Boston		New York		Philadelphia		Cleveland		Richmond		Atlanta		Chicago		St. Louis		Minneapolis		Kansas City		Dallas		San Francisco
Item	2008	2007	2008	2007	2008	2007	2008	2007	2008	2007	2008	2007	2008	2007	2008	2007	2008	2007	2008	2007	2008	2007	2008	2007	2008	2007
Assets
Gold certificate account	11,037	11,037	424	449	3,935	4,053	453	455	423	428	891	869	1,221	1,117	913	903	344	326	199	203	349	335	636	613	1,249	1,286
Special drawing rights certificate account	2,200	2,200	115	115	874	874	83	83	104	104	147	147	166	166	212	212	71	71	30	30	66	66	98	98	234	234
Coin	1,688	1,179	56	36	76	55	137	88	136	113	233	134	214	153	194	137	43	50	54	45	114	72	180	130	252	165
Loans and securities
Term auction credit	450,220	40,000	16,150	^...	220,434	33,957	38,300	...	15,575	12	75,130	775	17,222	25	5,094	1,080	4,698	1,050	5,737	...	2,740	...	4,335	1,400	44,805	1,701
Primary, secondary, and seasonal loans	93,790	8,636	243	178	80,231	5,888	329	0	48	841	452	130	483	0	1,828	1,259	454	0	123	3	4,570	7	692	0	4,338	330
Primary dealer credit facility¹	37,404	...	...	...	37,404	...	...	...	...	...	...	...	...	...	...	...	...	...	...	...	...	...	...	...	...	...
Asset-backed commercial paper money market mutual fund liquidity facility	23,765	...	23,765	...	0	...	...	...	...	...	...	...	...	...	...	...	...	...	...	...	...	...	...	...	...	...
Credit extended to American International Group, Inc.²	38,914	...	...	...	38,914	...	...	...	...	...	...	...	...	...	...	...	...	...	...	...	...	...	...	...	...	...
Securities purchased under agreements to resell (tri-party)³	80,000	46,500	3,356	2,143	28,464	16,838	3,493	2,057	3,034	1,903	7,254	4,029	7,960	4,313	7,061	3,900	2,765	1,486	1,510	928	2,937	1,505	3,318	2,043	8,849	5,355
Federal agency and government-sponsored enterprise obligations bought outright	19,708	...	827	...	7,012	...	860	...	747	...	1,787	...	1,961	...	1,739	...	681	...	372	...	724	...	818	...	2,180	...
U.S. Treasury securities bought outright⁴	475,921	740,611	19,962	34,132	169,330	268,173	20,779	32,765	18,047	30,308	43,156	64,168	47,353	68,690	42,005	62,120	16,446	23,671	8,985	14,777	17,475	23,974	19,742	32,540	52,642	85,293
Total loans and securities	1,219,722	835,748	64,302	36,453	581,788	324,856	63,762	34,822	37,450	33,064	127,779	69,102	74,979	73,028	57,726	68,359	25,044	26,207	16,727	15,708	28,446	25,486	28,905	35,983	112,814	92,680
Net portfolio holdings of consolidated variable interest entities:⁵
Commercial Paper Funding Facility LLC⁶	334,910	...	...	...	334,910	...	...	...	...	...	...	...	...	...	...	...	...	...	...	...	...	...	...	...	...	...
Maiden Lane LLC⁷	30,635	...	...	...	30,635	...	...	...	...	...	...	...	...	...	...	...	...	...	...	...	...	...	...	...	...	...
Maiden Lane II LLC	19,195	...	...	...	19,195	...	...	...	...	...	...	...	...	...	...	...	...	...	...	...	...	...	...	...	...	...
Maiden Lane III LLC	27,256	...	...	...	27,256	...	...	...	...	...	...	...	...	...	...	...	...	...	...	...	...	...	...	...	...	...
Money Market Investor Funding Facility LLCs⁸	0	...	...	...	0	...	...	...	...	...	...	...	...	...	...	...	...	...	...	...	...	...	...	...	...	...
Denominated in foreign currencies⁹	24,804	22,914	1,411	592	6,209	5,573	2,438	2,707	1,736	1,625	6,717	6,120	1,910	1,908	1,100	1,283	242	249	477	412	261	264	489	317	1,815	1,864
Central bank liquidity swaps¹⁰	553,728	24,000	31,498	629	138,622	5,570	54,424	2,877	38,749	1,727	149,945	6,505	42,641	2,028	24,559	1,364	5,401	264	10,641	438	5,825	280	10,908	336	40,517	1,981
Other assets
Items in process of collection	1,377	2,220	41	82	...	42	237	317	164	268	41	154	325	229	111	155	17	13	76	97	14	214	152	126	199	522
Bank premises	2,194	2,144	123	120	212	216	65	64	147	153	233	186	225	230	209	205	132	115	112	113	273	269	251	257	213	218
All other¹¹	19,789	16,944	842	823	8,791	6,707	812	716	693	752	1,919	1,454	1,578	1,475	1,316	1,260	538	515	327	317	566	513	661	690	1,746	1,722
Interdistrict settlement account	0	0	-10,264	-1,356	110,091	-12,606	-66,458	794	16,708	-741	-163,991	-1,177	20,108	3,909	34,760	6,133	3,210	3,742	-9,656	2,140	5,080	5,239	11,155	-2,425	49,257	-3,651
Total assets	2,248,534	918,384	88,547	37,942	1,262,593	335,338	55,952	42,924	96,310	37,494	123,914	83,494	143,366	84,243	121,100	80,010	35,041	31,551	18,987	19,503	40,993	32,740	53,434	36,124	208,296	97,021

Liabilities
Federal Reserve notes outstanding (issued to Bank)	1,022,850	1,010,262	38,282	38,832	357,738	356,941	41,218	41,729	46,503	39,353	80,772	80,552	129,432	111,626	83,073	86,265	29,317	32,982	17,523	19,219	29,868	33,316	55,888	57,270	113,237	112,177
Less: Notes held by Federal Reserve Bank	169,682	218,571	5,409	5,886	46,609	74,297	5,013	7,564	7,240	7,130	11,552	13,767	24,156	36,017	12,938	13,560	3,405	3,770	2,839	2,790	3,536	3,212	20,767	24,860	26,219	25,719
Federal Reserve notes, net	853,168	791,691	32,872	32,946	311,129	282,644	36,205	34,165	39,263	32,223	69,220	66,785	105,276	75,609	70,135	72,705	25,912	29,212	14,684	16,429	26,332	30,103	35,121	32,410	87,018	86,459
Securities sold under agreements to repurchase	88,352	43,985	3,706	2,027	31,435	15,927	3,858	1,946	3,350	1,800	8,012	3,811	8,791	4,080	7,798	3,689	3,053	1,406	1,668	878	3,244	1,424	3,665	1,933	9,773	5,066
Deposits
Depository institutions	860,000	20,767	49,810	531	509,858	9,158	10,565	2,664	49,963	447	34,057	1,780	25,593	975	41,013	910	5,446	289	1,614	1,104	10,769	449	13,533	635	107,779	1,823
U.S. Treasury, general account	106,123	16,120	...	...	106,123	16,120	...	...	...	...	...	...	...	...	...	...	...	...	...	...	...	...	...	...	...	...
U.S. Treasury, supplementary financing account¹²	259,325	...	...	...	259,325	...	...	...	...	...	...	...	...	...	...	...	...	...	...	...	...	...	...	...	...	...
Foreign, official accounts	1,365	96	2	1	1,335	66	4	5	3	3	11	11	3	3	2	2	0	0	1	1	0	0	1	1	3	3
Other¹³	21,226	2,020	246	31	20,536	698	15	92	3	12	82	503	13	166	133	161	14	55	38	38	14	45	104	59	29	161
Total deposits	1,248,039	39,003	50,057	563	897,177	26,042	10,584	2,760	49,969	461	34,150	2,294	25,610	1,144	41,147	1,073	5,460	344	1,652	1,143	10,784	495	13,638	695	107,810	1,987
Deferred credit items	2,868	2,227	69	92	0	51	515	215	456	200	172	112	158	143	323	516	47	38	235	223	102	157	296	129	495	353
Consolidated variable interest entities--other liabilities	5,813	...	...	...	5,813	...	...	...	...	...	...	...	...	...	...	...	...	...	...	...	...	...	...	...	...	...
Other liabilities and accrued dividends¹⁴	8,143	4,577	154	215	5,823	1,437	160	211	168	228	401	500	307	418	290	396	150	192	99	122	116	172	172	230	302	456
Total liabilities	2,206,382	881,484	86,859	35,843	1,251,378	326,101	51,322	39,297	93,206	34,912	111,954	73,502	140,143	81,393	119,693	78,381	34,622	31,192	18,338	18,794	40,578	32,352	52,892	35,397	205,398	94,321

Capital Accounts
Capital paid in	21,076	18,450	844	1,049	5,607	4,619	2,315	1,813	1,552	1,291	5,980	4,996	1,612	1,425	703	814	210	180	324	355	208	194	271	363	1,449	1,350
Surplus (including accumulated other comprehensive loss)	21,076	18,450	844	1,049	5,607	4,619	2,315	1,813	1,552	1,291	5,980	4,996	1,612	1,425	703	814	210	180	324	355	208	194	271	363	1,449	1,350
Total liabilities and capital accounts	2,248,534	918,384	88,547	37,942	1,262,593	335,338	55,952	42,924	96,310	37,494	123,914	83,494	143,366	84,243	121,100	80,010	35,041	31,551	18,987	19,503	40,993	32,740	53,434	36,124	208,296	97,021

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

1. Includes credit extended to primary dealers and certain London-based primary dealer affiliates. Return to table

2. Excludes credit extended to Maiden Lane II LLC and Maiden Lane III LLC. Return to table

3. Contract amount of the agreements. Return to table

4. Includes securities loaned--fully collateralized by U.S. Treasury securities, other investment-grade securities, and collateral eligible for tri-party repurchase agreements pledged with Federal Reserve Banks--and excludes securities purchased under agreements to resell. Return to table

5. The Federal Reserve Bank of New York is the primary beneficiary of Commercial Paper Funding Facility LLC, Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC and Money Market Investor Funding Facility LLCs and, as a result, the accounts and results of operations of these entities are included in the combined financial statements of the Federal Reserve Banks. Return to table

6. Book value, which includes amortized cost and related fees. Return to table

7. Fair value. Return to table

8. There were no material transactions in the money market investor funding facility for the period ended December 31, 2008. Return to table

9. Valued daily at market exchange rates. Return to table

10. 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. Return to table

11. Includes accrued interest, premium on securities, and depository institution overdrafts in the amounts of $7,279 million, $8,049 million, and $4 million, respectively, for 2007. Return to table

12. Represents amounts deposited by the U.S. Treasury that result from a temporary supplementary program that offsets, in part, the reserve impact of the Reserve Banks' lending and liquidity initiatives. Return to table

13. Includes deposits of government-sponsored enterprises of $20,020 million and $5 million for 2008 and 2007, respectively, and international organizations of $146 million and $144 million for 2008 and 2007, respectively. These deposits are primarily held by the Federal Reserve Bank of New York. Return to table

14. Includes other entities' beneficial interests in the consolidated variable interest entities of $2,824 million at December 31, 2008. Return to table

.... Not applicable. Return to table

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9B. Statement of Condition of the Federal Reserve Banks, December 31, 2008 and 2007
Supplemental Information--Collateral Held against Federal Reserve Notes:
Federal Reserve Agents' Accounts
Millions of dollars
Item	2008	2007
Federal Reserve notes outstanding	1,022,850	1,010,262
Less: Notes held by Federal Reserve Banks not subject to collateralization	169,682	218,571
Collateralized Federal Reserve notes	853,168	791,691
Collateral for Federal Reserve notes
Gold certificate account	11,037	11,037
Special drawing rights certificate account	2,200	2,200
U.S. Treasury, federal agency, and government-sponsored enterprise securities	496,733	743,063
Other eligible assets¹	343,198	35,391
Total collateral	853,168	791,691

1. Includes face value of U.S. Treasury, federal agency, and mortgage-backed securities held outright; compensation to adjust for the effect of inflation on the original face value of inflation-indexed securities; cash value of repurchase agreements; and par value of reverse repurchase agreements. Return to table

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