FRB: Annual Report 2009, Statistical Table 9: Statement of Condition of the Federal Reserve Banks, by Bank, December 31, 2009 and 2008

9A. Statement of Condition of the Federal Reserve Banks, by Bank, December 31, 2009 and 2008 Millions of dollars
Item	Total		Boston		New York		Philadelphia		Cleveland		Richmond		Atlanta		Chicago		St. Louis		Minneapolis		Kansas City		Dallas		San Francisco
Item	2009	2008	2009	2008	2009	2008	2009	2008	2009	2008	2009	2008	2009	2008	2009	2008	2009	2008	2009	2008	2009	2008	2009	2008	2009	2008
Assets
Gold certificate account	11,037	11,037	412	424	3,895	3,935	450	453	467	423	882	891	1,356	1,221	911	913	329	344	197	199	335	349	621	636	1,182	1,249
Special drawing rights certificate account	5,200	2,200	196	115	1,818	874	210	83	237	104	412	147	654	166	424	212	150	71	90	30	153	66	282	98	574	234
Coin	2,053	1,688	64	56	77	76	165	137	154	136	293	233	220	214	301	194	32	43	62	54	140	114	214	180	329	252
Loans and securities
Term auction credit	75,918	450,220	4,052	16,150	58,254	220,434	1,613	38,300	751	15,575	995	75,130	363	17,222	1,934	5,094	593	4,698	214	5,737	941	2,740	390	4,335	5,818	44,805
Primary, secondary, and seasonal loans	20,700	93,790	109	243	19,504	80,231	122	329	1	48	102	452	175	483	459	1,828	26	454	28	123	7	4,570	2	692	166	4,338
Primary Dealer Credit Facility¹	…	37,404	…	…	…	37,404	…	…	…	…	…	…	…	…	…	…	…	…	…	…	…	…	…	…	…	…
Asset-Backed Commercial Paper Money Market Mutual Fund Liquidity Facility	…	23,765	…	23,765	…	...	…	…	…	…	…	…	…	…	…	…	…	…	…	…	…	…	…	…	…	…
Term Asset-Backed Securities Loan Facility (TALF)²	47, 626	…	…	…	47,626	…	…	…	…	…	…	…		…	…	…	…	…	…	…	…	…	…	…	…	…
Credit extended to American International Group, Inc., net³	21,250	38,914	…	…	21,250	38,914	…	…	…	…	…	…	…	…	…	…	…	…	…	…	…	…	…	…	…	…
Securities purchased under agreements to resell (tri-party)⁴	…	80,000	…	3,356	…	28,464	…	3,493	…	3,034	…	7,254	…	7,960	…	7,061	…	2,765	…	1,510	…	2,937	…	3,318	…	8,849
U.S. Treasury securities, bought outright⁵	776,588	475,921	14,897	19,962	303,549	169,330	12,048	20,779	30,681	18,047	27,986	43,156	93,568	47,353	84,035	42,005	30,424	16,446	12,857	8,985	35,055	17,475	37,549	19,742	93,939	52,642
Government-sponsored enterprise debt securities, bought outright⁵	159,879	19,708	3,067	827	62,493	7,012	2,480	860	6,317	747	5,762	1,787	19,263	1,961	17,301	1,739	6,263	681	2,647	372	7,217	724	7,730	818	19,339	2,180
Federal agency and government-sponsored enterprise mortgage-backed securities, bought outright	908,371	…	17,425		355,060		14,093	…	35,888	…	32,735	…	109,446	...	98,296	…	35,586	…	15,038	…	41,003	…	43,921	…	109,880	…
Total loans and securities	2,010,332	1,219,722	39,550	64,302	867,735	581,788	30,356	63,762	73,638	37,450	67,579	127,779	222,815	74,979	202,025	57,726	72,892	25,044	30,784	16,727	84,223	28,446	89,593	28,905	229,142	112,814
Net portfolio holdings of consolidated limited liability companies (LLCs):⁶	81,380	411,996	…	…	81,380	411,996	…	…	…	…	…	…	…	…	…	…	…	…	…	…	…	…	…	…	…	…
Preferred securities⁷	25,106	…	…	…	25,106	…	…	…	…	…	…	…	…	…	…	…	…	…	…	…	…	…	…	…	…	…
Investments denominated in foreign currencies⁸	25,272	24,804	1,012	1,411	6,724	6,209	2,776	2,438	1,861	1,736	7,171	6,717	1,933	1,910	844	1,100	251	242	389	477	249	261	325	489	1,737	1,815
Central bank liquidity swaps⁹	10,272	553,728	411	31,498	2,733	138,622	1,128	54,424	756	38,749	2,915	149,945	785	42,641	343	24,559	102	5,401	158	10,641	101	5,825	132	10,908	706	40,517
Other assets
Items in process of collection	611	1,377	19	41	0	0	51	237	182	164	9	41	178	325	31	111	19	17	26	76	24	14	33	152	39	199
Bank premises	2,249	2,194	121	123	263	212	71	65	144	147	239	233	221	225	207	209	136	132	111	112	268	273	253	251	214	213
All other assets¹⁰	65,459	19,789	1,274	842	25,557	8,791	1,338	812	2,541	693	2,748	1,919	7,719	1,578	6,902	1,316	2,523	538	1,084	327	2,896	566	3,121	661	7,756	1,746
Interdistrict settlement account	0	0	25,668	-10,264	120,324	110,091	35,084	-66,458	-19,789	16,708	111,074	-163,991	-83,531	20,108	-75,509	34,760	-35,273	3,210	-8,558	-9,656	-30,440	5,080	-17,174	11,155	-21,875	49,257
Total assets	2,238,971	2,248,534	68,728	88,547	1,135,612	1,262,593	71,630	55,952	60,192	96,310	193,321	123,914	152,351	143,366	136,478	121,100	41,162	35,041	24,342	18,987	57,950	40,993	77,399	53,434	219,804	208,296
Liabilities
Federal Reserve notes outstanding (issued to Bank)	1,080,987	1,022,850	35,787	38,282	398,052	357,738	38,422	41,218	44,922	46,503	82,410	80,772	136,496	129,432	85,293	83,073	31,054	29,317	19,330	17,523	28,699	29,868	63,373	55,888	117,148	113,237
Less: Notes held by Federal Reserve Bank	193,141	169,682	3,618	5,409	71,925	46,609	5,591	5,013	7,535	7,240	10,026	11,552	32,645	24,156	12,092	12,938	4,106	3,405	2,628	2,839	3,022	3,536	13,731	20,767	26,221	26,219
Federal Reserve notes, net	887,846	853,168	32,169	32,872	326,127	311,129	32,831	36,205	37,387	39,263	72,384	69,220	103,851	105,276	73,201	70,135	26,948	25,912	16,702	14,684	25,677	26,332	49,642	35,121	90,927	87,018
Securities sold under agreements to repurchase⁴	77,732	88,352	1,491	3,706	30,383	31,435	1,206	3,858	3,071	3,350	2,801	8,012	9,366	8,791	8,411	7,798	3,045	3,053	1,287	1,668	3,509	3,244	3,758	3,665	9,403	9,773
Deposits
Depository institutions	976,988	860,000	32,934	49,810	525,907	509,858	31,597	10,565	15,198	49,963	103,288	34,057	34,951	25,593	52,624	41,013	10,315	5,446	4,502	1,614	27,940	10,769	22,826	13,533	114,905	107,779
U.S. Treasury, general account	186,632	106,123	…	…	186,632	106,123	…	…	…	…	…	…	…	…	…	…	…	…	…	…	…	…	…	…	…	…
U.S. Treasury, supplementary financing account¹¹	5,001	259,325	…	…	5,001	259,325	…	…	…	…	…	…	…	…	…	…	…	…	…	…	…	…	…	…	…	…
Foreign, official accounts	2,411	1,365	2	2	2,382	1,335	4	4	3	3	11	11	3	3	1	2	0	0	1	1	0	0	1	1	3	3
Other¹²	35,627	21,226	18	246	34,787	20,536	0	15	24	3	61	82	176	13	244	133	61	14	19	38	54	14	54	104	128	29
Total deposits	1,206,659	1,248,039	32,954	50,057	754,710	897,177	31,602	10,584	15,225	49,969	103,360	34,150	35,130	25,610	52,869	41,147	10,377	5,460	4,522	1,652	27,994	10,784	22,881	13,638	115,036	107,810
Other liabilities
Deferred credit items	2,206	2,868	56	69	14	0	220	515	422	456	73	172	218	158	178	323	67	47	271	235	112	102	109	296	466	495
Consolidated LLCs¹³	6,411	5,813	…	…	6,411	5,813	…	…	…	…	…	…	…	…	…	…	…	…	…	…	…	…	…	…	…	…
All other liabilities¹⁴	6,836	8,143	169	154	3,083	5,823	168	160	267	168	423	401	624	307	579	290	245	150	137	99	239	116	303	172	599	302
Total liabilities	2,187,690	2,206,382	66,839	86,859	1,120,728	1,251,378	66,026	51,322	56,371	93,206	179,042	111,954	149,189	140,143	135,239	119,693	40,682	34,622	22,918	18,338	57,531	40,578	76,694	52,892	216,430	205,398
Capital Accounts
Capital paid in	25,640	21,076	944	844	7,442	5,607	2,802	2,315	1,910	1,552	7,140	5,980	1,581	1,612	619	703	240	210	712	324	210	208	353	271	1,687	1,449
Surplus (including accumulated other comprehensive loss)	25,640	21,076	944	844	7,442	5,607	2,802	2,315	1,910	1,552	7,140	5,980	1,581	1,612	619	703	240	210	712	324	210	208	353	271	1,687	1,449
Total liabilities and capital accounts	2,238,971	2,248,534	68,728	88,547	1,135,612	1,262,593	71,630	55,952	60,192	96,310	193,321	123,914	152,351	143,366	136,478	121,100	41,162	35,041	24,342	18,987	57,950	40,993	77,399	53,434	219,804	208,296

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. Represents the remaining principal balance. Although the TALF loans are recorded at fair value, the amount necessary to adjust the loans to fair value at December 31, is reported in "All other assets." Return to table

3. Includes outstanding principal and capitalized interest net of unamortized deferred commitment fees and allowance for loan restructuring. Excludes credit extended to Maiden Lane II LLC and Maiden Lane III LLC. Return to table

4. Contract amount of the agreements. Return to table

5. 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

6. The Federal Reserve Bank of New York is the primary beneficiary of Commercial Paper Funding Facility LLC, TALF LLC, Maiden Lane LLC, Maiden Lane II LLC, and Maiden Lane III LLC 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. For additional details, see the "Key Financial Data for Consolidated Limited Liability Companies" table in the "Federal Reserve Banks" chapter of this report. Return to table

7. In December 2009, the Federal Reserve Bank of New York received preferred interests in two special purpose vehicles, AIA Aurora LLC and ALICO Holdings LLC, in exchange for the reduction of the outstanding balance of revolving credit provided to American International Group, Inc. (AIG). Return to table

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

9. 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 consistent exchange rate equals the market exchange rate used when the foreign currency was acquired from the foreign central bank. Return to table

10. Includes premiums on securities, accrued interest, amount necessary to adjust TALF loans to fair value, and depository institution overdrafts. Return to table

11. 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

12. Includes deposits of government-sponsored enterprises and international organizations. These deposits are primarily held by the Federal Reserve Bank of New York. Return to table

13. The other beneficial interest holders are the U.S. Treasury for TALF LLC, JPMorgan Chase for Maiden Lane LLC, and AIG for Maiden Lane II LLC and Maiden Lane III LLC. Return to table

14. Includes discounts on securities and accrued benefit costs. Return to table

... Not applicable Return to table

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9b. Statement of Condition of the Federal Reserve Banks, December 31, 2009 and 2008 Supplemental Information--Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts
Millions of dollars
Item	2009	2008
Federal Reserve notes outstanding	1,080,987	1,022,850
Less: Notes held by Federal Reserve Banks not subject to collateralization	193,141	169,682
Collateralized Federal Reserve notes	887,846	853,168
Collateral for Federal Reserve notes
Gold certificate account	11,037	11,037
Special drawing rights certificate account	5,200	2,200
U.S. Treasury securities and government-sponsored enterprise debt securities¹	858,607	496,733
Other eligible assets	13,002	343,198
Total collateral	887,846	853,168

1. Face value. Includes 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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