Federal Reserve Statistical Release, H.4.1, Factors Affecting Reserve Balances; title with eagle logo links to Statistical Release home page
Release Date:  January 22, 2009
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FEDERAL RESERVE statistical release
 

H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
January 22, 2009
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
Averages of daily figures Wednesday
Jan 21, 2009
Week ended
Jan 21, 2009
Change from week ended
Jan 14, 2009 Jan 23, 2008
                                                              
Reserve Bank credit                                       2,049,246    -   19,936    +1,187,606     2,022,600 
  Securities held outright                                  505,323    +    7,834    -  217,975       505,470 
    U.S. Treasury securities (1)                            475,381    -      208    -  247,917       475,322 
      Bills (2)                                              18,423             0    -  191,937        18,423 
      Notes and bonds, nominal (2)                          412,914    +    2,423    -   58,070       412,914 
      Notes and bonds, inflation-indexed (2)                 39,378    -    1,693    +    1,915        39,378 
      Inflation compensation (3)                              4,667    -      937    +      176         4,608 
    Federal agency debt securities (2)                       24,158    +    3,800    +   24,158        24,158 
    Mortgage-backed securities (4)                            5,784    +    4,242    +    5,784         5,991 
  Repurchase agreements (5)                                  37,143    -   20,000    +   15,643        20,000 
  Term auction credit                                       416,031    +   44,644    +  366,031       416,031 
  Other loans                                               148,298    -   12,425    +  147,546       149,324 
    Primary credit                                           61,618    -    7,483    +   60,874        62,898 
    Secondary credit                                             74    +       33    +       74            28 
    Seasonal credit                                              1   +        1   -        7            1 
    Primary dealer and other broker-dealer credit (6)        32,679    -    1,011    +   32,679        33,290 
    Asset-backed Commercial Paper Money Market                
      Mutual Fund Liquidity Facility                         15,482    -    3,285    +   15,482        14,775 
    Credit extended to American International                 
      Group, Inc. (7)                                        38,445    -      679    +   38,445        38,333 
    Other credit extensions                                       0             0             0             0 
  Net portfolio holdings of Commercial Paper                  
    Funding Facility LLC (8)                                349,940    +   15,358    +  349,940       350,524 
  Net portfolio holdings of LLCs funded through               
    the Money Market Investor Funding Facility (9)                0             0             0             0 
  Net portfolio holdings of Maiden Lane LLC (10)             27,131    +       61    +   27,131        27,181 
  Net portfolio holdings of Maiden Lane II LLC (11)          19,802    +        7    +   19,802        19,813 
  Net portfolio holdings of Maiden Lane III LLC (12)         26,946    +       57    +   26,946        26,967 
  Float                                                      -1,550    -      158    -      269        -2,711 
  Other Federal Reserve assets                              520,184    -   55,313    +  452,814       510,002 
Gold stock                                                   11,041             0             0        11,041 
Special drawing rights certificate account                    2,200             0             0         2,200 
Treasury currency outstanding (13)                           38,772    +       14    +       92        38,772 
                                                              
Total factors supplying reserve funds                     2,101,259    -   19,922    +1,187,698     2,074,613 
 

Note: Components may not sum to totals because of rounding. Footnotes appear on the following page.
 

 

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
Averages of daily figures Wednesday
Jan 21, 2009
Week ended
Jan 21, 2009
Change from week ended
Jan 14, 2009 Jan 23, 2008
                                                              
Currency in circulation (13)                                882,313    +    1,196    +   70,265       884,900 
Reverse repurchase agreements (14)                           76,254    -    5,443    +   36,549        75,025 
  Foreign official and international accounts                76,254    -    5,443    +   36,549        75,025 
  Dealers                                                         0             0             0             0 
Treasury cash holdings                                          274    +        6    -       14           286 
Deposits with F.R. Banks, other than reserve balances       241,334    -    5,752    +  228,894       256,897 
  U.S. Treasury, general account                             35,510    -    1,316    +   30,175        46,705 
  U.S. Treasury, supplementary financing account            199,747    +       61    +  199,747       199,747 
  Foreign official                                              191    -       34    +       89           187 
  Service-related                                             4,401    +       14    -    2,278         4,401 
    Required clearing balances                                4,401    +       14    -    2,278         4,401 
    Adjustments to compensate for float                           0             0             0             0 
  Other                                                       1,485    -    4,477    +    1,160         5,857 
Other liabilities and capital (15)                           57,869    -    5,520    +   15,318        53,580 
                                                              
Total factors, other than reserve balances,                                                       
   absorbing reserve funds                                1,258,042    -   15,516    +  351,009     1,270,688 
                                                              
Reserve balances with Federal Reserve Banks                 843,217    -    4,407    +  836,688       803,925 
                                                                
Note: Components may not sum to totals because of rounding.
 

1. Includes securities lent to dealers under the overnight and term securities lending facilities; refer
to table 1A.
2. Face value of the securities.
3. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed
securities.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is
the remaining principal balance of the underlying mortgages.
5. Cash value of agreements.
6. Includes credit extended through the Primary Dealer Credit Facility and credit extended to certain
other broker-dealers.
7. Excludes credit extended to consolidated LLCs.
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. Refer to table 3 and the note on consolidation accompanying table 9.
11. Refer to table 4 and the note on consolidation accompanying table 9.
12. Refer to table 5 and the note on consolidation accompanying table 9.
13. Estimated.
14. Cash value of agreements, which are collateralized by U.S. Treasury securities.
15. Includes the liabilities of Commercial Paper Funding Facility LLC, the LLCs funded through the Money
Market Investor Funding Facility, Maiden Lane LLC, Maiden Lane II LLC, and Maiden Lane III 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 3 through table 7 and the note on consolidation
accompanying table 9.
 

Sources: Federal Reserve Banks and the U.S. Department of the Treasury.
 

 

1A. Memorandum Items
Millions of dollars

Memorandum item
Averages of daily figures Wednesday
Jan 21, 2009
Week ended
Jan 21, 2009
Change from week ended
Jan 14, 2009 Jan 23, 2008
                                                              
Marketable securities held in custody for foreign             
      official and international accounts (1)             2,541,299    +   13,316    +  445,532     2,541,396 
  U.S. Treasury securities                                1,735,051    +   19,917    +  483,949     1,734,876 
  Federal agency securities (2)                             806,248    -    6,601    -   38,417       806,520 
Securities lent to dealers                                  140,802    +       33    +  130,369       141,072 
  Overnight facility (3)                                      7,702    -      188    -    2,731         7,972 
  Term facility (4)                                         133,100    +      221    +  133,100       133,100 
 

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

1. Face value of the securities. Includes U.S. Treasury STRIPS, other zero-coupon bonds, and mortgage-backed
securities at face value.
2. Includes debt and mortgage-backed securities.
3. Fully collateralized by U.S. Treasury securities.
4. Fully collateralized by U.S. Treasury securities, federal agency securities, and other highly rated debt
securities.
 

 

2. Maturity Distribution of Term Auction Credit, Other Loans, and Securities, January 21, 2009
Millions of dollars
Remaining maturity
Within 15
days
16 days to
90 days
91 days to
1 year
Over 1 year
to 5 years
Over 5 years
to 10 years
Over 10
years
All
 
Term auction credit                   138,899      277,132         ---            ---          ---         ---       416,031
Other loans (1)                        92,566       18,425            0        38,333          ---         ---       149,324
U.S. Treasury securities (2)                    
  Holdings                             15,456       21,090       66,655       173,147       97,383     101,591       475,322
  Weekly changes                   -    5,019   +    1,488   +    3,325    -      826   +      921  -       81    -      193
Federal agency debt securities (3)                        
  Holdings                                643        2,638        1,044        14,324        5,509           0        24,158
  Weekly changes                   +      150   -      150   +       68    -       68            0           0             0
Mortgage-backed securities (4)                            
  Holdings                                  0            0            0             0            0       5,991         5,991
  Weekly changes                            0            0            0             0            0  +      357    +      357
Commercial paper held by                        
  Commercial Paper Funding                      
  Facility LLC (5)                    248,227      102,025            0           ---          ---         ---       350,252
Money market instruments held by                
  LLCs funded through the Money                 
  Market Investor Funding                       
  Facility (6)                              0            0            0           ---          ---         ---             0
Repurchase agreements (7)              20,000            0          ---           ---          ---         ---        20,000
                                                
Reverse repurchase agreements (7)      75,025            0          ---           ---          ---         ---        75,025
  
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 Commercial Paper Funding Facility LLC, the
LLCs funded through the Money Market Investor Funding Facility, Maiden Lane LLC, Maiden Lane II LLC, and Maiden
Lane III 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 commercial paper held by Commercial Paper Funding Facility LLC.
6. Face value of money market instruments held by LLCs funded through the Money Market Investor Funding Facility.
7. Cash value of agreements.
 

 

3. Information on Principal Accounts of Maiden Lane LLC
Millions of dollars
Account name Wednesday
Jan 21, 2009
                                                                                                
Net portfolio holdings of Maiden Lane LLC (1)                                                       27,181    
                                                                                                
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)           28,820    
Accrued interest payable to the Federal Reserve Bank of New York (2)                                   276    
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3)        1,191    
 
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, 2008. 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.
 

 

 

4. Information on Principal Accounts of Maiden Lane II LLC
Millions of dollars
Account name Wednesday
Jan 21, 2009
                                                                                                
Net portfolio holdings of Maiden Lane II LLC (1)                                                     19,813   
                                                                                                
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)            19,169   
Accrued interest payable to the Federal Reserve Bank of New York (2)                                     44   
Deferred payment and accrued interest payable to subsidiaries of American International         
  Group, Inc. (3)                                                                                     1,005   
 

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 December 12, 2008. 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.
 

 

5. Information on Principal Accounts of Maiden Lane III LLC
Millions of dollars
Account name Wednesday
Jan 21, 2009
                                                                                                
Net portfolio holdings of Maiden Lane III LLC (1)                                                    26,967   
                                                                                                
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)            24,339   
Accrued interest payable to the Federal Reserve Bank of New York (2)                                     66   
Outstanding principal amount and accrued interest on loan payable to American International     
  Group, Inc. (3)                                                                                     5,032   
 

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 November 25, 2008. 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.
 

 

6. Information on Principal Accounts of Commercial Paper Funding Facility LLC
Millions of dollars
Account name Wednesday
Jan 21, 2009
                                                                                                
Commercial paper holdings, net (1)                                                                  349,239   
Other investments, net                                                                                1,285   
Net portfolio holdings of Commercial Paper Funding Facility LLC                                     350,524   
                                                                                                
Memorandum: Commercial paper holdings, face value                                                   350,252   
                                                                                                
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)           348,176   
Accrued interest payable to the Federal Reserve Bank of New York (2)                                    847   
 

1. Book value, which includes amortized cost and related fees.
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.
 

Note: On October 27, 2008, the Federal Reserve Bank of New York began extending loans under the authority of
section 13(3) of the Federal Reserve Act to Commercial Paper Funding Facility LLC. This LLC is a limited
liability company formed to purchase three-month U.S. dollar-denominated commercial paper from eligible issuers
and thereby foster liquidity in short-term funding markets and increase the availability of credit for
businesses and households.
 

 

7. Information on Principal Accounts of LLCs Funded through the Money Market Investor Funding Facility
Millions of dollars
Account name Wednesday
Jan 21, 2009
                                                                                                
Money market instrument holdings, net (1)                                                                 0   
Other investments, net                                                                                    0   
Net portfolio holdings of LLCs funded through the Money Market Investor Funding Facility                  0   
                                                                                                
Memorandum: Money market instrument holdings, face value                                                  0   
                                                                                                
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   
Commercial paper issued by LLCs funded through the Money Market Investor Funding Facility,      
  net of related discounts                                                                                0   
 

1. Book value, which includes amortized cost.
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.
 

Note: The Federal Reserve Board authorized the Federal Reserve Bank of New York to extend credit under the
authority of section 13(3) of the Federal Reserve Act to a series of limited liability companies funded through
the Money Market Investor Funding Facility (MMIFF). The MMIFF became operational on November 24, 2008. These
limited liability companies were established to purchase short-term U.S. dollar-denominated certificates of
deposit, bank notes, and outstanding asset-backed commercial paper from eligible issuers. Such purchases are
designed to foster liquidity in short-term money markets.
 

 

8. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of dollars
Assets, liabilities, and capital Eliminations
from
consolidation
  Change since
Wednesday
Jan 21, 2009
Wednesday
Jan 14, 2009
Wednesday
Jan 23, 2008
Assets                                                   
Gold certificate account                                           11,037                0                   0
Special drawing rights certificate account                          2,200                0                   0
Coin                                                                1,789       +       45          +      495
Securities, repurchase agreements, term auction          
      credit, and other loans                                   1,090,825       +   18,976          +  295,490
  Securities held outright                                        505,470       +      164          -  217,845
    U.S. Treasury securities (1)                                  475,322       -      193          -  247,993
      Bills (2)                                                    18,423                0          -  191,937
      Notes and bonds, nominal (2)                                412,914       +    2,423          -   58,070
      Notes and bonds, inflation-indexed (2)                       39,378       -    1,693          +    1,915
      Inflation compensation (3)                                    4,608       -      921          +      100
    Federal agency debt securities (2)                             24,158                0          +   24,158
    Mortgage-backed securities (4)                                  5,991       +      357          +    5,991
  Repurchase agreements (5)                                        20,000       -   20,000          -    2,000
  Term auction credit                                             416,031       +   44,734          +  366,031
  Other loans                                                     149,324       -    5,921          +  149,304
Net portfolio holdings of Commercial Paper               
  Funding Facility LLC (6)                                        350,524       +   15,819          +  350,524
Net portfolio holdings of LLCs funded through            
  the Money Market Investor Funding Facility (7)                        0                0                   0
Net portfolio holdings of Maiden Lane LLC (8)                      27,181       +       59          +   27,181
Net portfolio holdings of Maiden Lane II LLC (9)                   19,813       +       13          +   19,813
Net portfolio holdings of                                
  Maiden Lane III LLC (10)                                         26,967       +       25          +   26,967
Items in process of collection                         (643)        1,563       +      291          -    1,125
Bank premises                                                       2,184       +        1          +       47
Other assets (11)                                                 507,791       -   51,799          +  442,570
                                                         
      Total assets                                     (643)    2,041,874       -   16,570          +1,161,962
 

Note: Components may not sum to totals because of rounding. Footnotes appear on the following page.
 

 

8. Consolidated Statement of Condition of All Federal Reserve Banks (continued)
Millions of dollars
Assets, liabilities, and capital Eliminations
from
consolidation
  Change since
Wednesday
Jan 21, 2009
Wednesday
Jan 14, 2009
Wednesday
Jan 23, 2008
Liabilities                                              
Federal Reserve notes, net of F.R. Bank holdings                  848,198       +    4,126          +   73,486
Reverse repurchase agreements (12)                                 75,025       -    3,811          +   37,530
Deposits                                                 (0)    1,060,796       -   15,182          +1,039,541
  Depository institutions                                         808,299       -   19,210          +  792,315
  U.S. Treasury, general account                                   46,705       +   15,532          +   41,834
  U.S. Treasury, supplementary financing account                  199,747       +       61          +  199,747
  Foreign official                                                    187       -       24          +       90
  Other                                                  (0)        5,857       -   11,542          +    5,553
Deferred availability cash items                       (643)        4,274       +    1,416          +       41
Other liabilities and accrued dividends (13,14)                    11,820       -    2,480          +    7,349
                                                         
      Total liabilities                                (643)    2,000,114       -   15,931          +1,157,947
                                                         
Capital accounts                                         
Capital paid in                                                    21,514       +      432          +    3,049
Surplus                                                            19,413       -    1,498          +      969
Other capital accounts                                                834       +      428          -        2
                                                         
      Total capital                                                41,760       -      640          +    4,015
 

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

1. Includes securities lent to dealers under the overnight and term securities lending facilities; refer
to table 1A.
2. Face value of the securities.
3. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed
securities.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is
the remaining principal balance of the underlying mortgages.
5. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.
6. Refer to table 6 and the note on consolidation accompanying table 9.
7. Refer to table 7 and the note on consolidation accompanying table 9.
8. Refer to table 3 and the note on consolidation accompanying table 9.
9. Refer to table 4 and the note on consolidation accompanying table 9.
10. Refer to table 5 and the note on consolidation accompanying table 9.
11. Includes assets denominated in foreign currencies and any exchange-translation assets, which are
revalued daily at market exchange rates.
12. Cash value of agreements, which are collateralized by U.S. Treasury securities.
13. Includes any exchange-translation liabilities, which are revalued daily at market exchange rates.
14. Includes the liabilities of Commercial Paper Funding Facility LLC, the LLCs funded through the Money Market
Investor Funding Facility, Maiden Lane LLC, Maiden Lane II LLC, and Maiden Lane III 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 3 through table 7 and the note on consolidation accompanying table 9.
 

 

9. Statement of Condition of Each Federal Reserve Bank, January 21, 2009
Millions of dollars
Assets, liabilities, and capital Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas
City
Dallas San
Francisco
Assets                                                             
Gold certificate account                      11,037         424       3,935         453         423         891       1,221         913         344         199         349         636       1,249 
Special drawing rights certificate acct.       2,200         115         874          83         104         147         166         212          71          30          66          98         234 
Coin                                           1,789          59          79         145         147         245         227         205          47          58         122         189         266 
Securities, repurchase agreements, term                            
      auction credit, and other loans      1,090,825      49,757     520,044      64,906      30,492     126,491      66,934      53,858      21,690      15,884      23,321      27,596      89,851 
  Securities held outright                   505,470      21,201     179,843      22,070      19,167      45,835      50,293      44,613      17,467       9,543      18,560      20,967      55,911 
    U.S. Treasury securities (1)             475,322      19,937     169,117      20,753      18,024      43,101      47,294      41,952      16,425       8,974      17,453      19,717      52,576 
      Bills (2)                               18,423         773       6,555         804         699       1,671       1,833       1,626         637         348         676         764       2,038 
      Notes and bonds (3)                    456,899      19,164     162,562      19,949      17,325      41,431      45,461      40,326      15,789       8,626      16,776      18,953      50,538 
    Federal agency debt securities (2)        24,158       1,013       8,595       1,055         916       2,191       2,404       2,132         835         456         887       1,002       2,672 
    Mortgage-backed securities (4)             5,991         251       2,131         262         227         543         596         529         207         113         220         248         663 
  Repurchase agreements (5)                   20,000         839       7,116         873         758       1,814       1,990       1,765         691         378         734         830       2,212 
  Term auction credit                        416,031      12,650     207,683      41,750      10,552      78,208      14,296       5,219       3,038       5,700       2,685       4,708      29,543 
  Other loans                                149,324      15,067     125,402         214          14         634         355       2,262         493         264       1,342       1,091       2,185 
Net portfolio holdings of Commercial                               
  Paper Funding Facility LLC (6)             350,524           0     350,524           0           0           0           0           0           0           0           0           0           0 
Net portfolio holdings of LLCs funded                              
  through the Money Market Investor                                
  Funding Facility (7)                             0           0           0           0           0           0           0           0           0           0           0           0           0 
Net portfolio holdings of Maiden Lane                              
  LLC (8)                                     27,181           0      27,181           0           0           0           0           0           0           0           0           0           0 
Net portfolio holdings of Maiden                                   
  Lane II LLC (9)                             19,813           0      19,813           0           0           0           0           0           0           0           0           0           0 
Net portfolio holdings of Maiden                                   
  Lane III LLC (10)                           26,967           0      26,967           0           0           0           0           0           0           0           0           0           0 
Items in process of collection                 2,206         120           0         336         232          56         261         262          44         110          65         397         324 
Bank premises                                  2,184         124         210          65         147         228         225         207         130         112         273         250         212 
Other assets (11)                            507,791      28,719     128,810      49,051      35,001     134,611      39,443      23,167       5,362       9,759       5,773      10,373      37,721 
Interdistrict settlement account                   0   -  16,883   +   9,390   -  60,391   +  18,603   -  64,867   +  27,347   +  27,740   +   7,078   -   7,493   +   6,968   +   7,545   +  44,965 
                                                                   
      Total assets                         2,042,517      62,435   1,087,828      54,648      85,149     197,802     135,823     106,563      34,766      18,658      36,938      47,085     174,822 
 

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

1. Includes securities lent to dealers under the overnight and term securities lending facilities; refer to table 1A.
2. Face value of the securities.
3. 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 6 and the note on consolidation on the following page.
7. Refer to table 7 and the note on consolidation on the following page.
8. Refer to table 3 and the note on consolidation on the following page.
9. Refer to table 4 and the note on consolidation on the following page.
10. Refer to table 5 and the note on consolidation on the following page.
11. Includes assets denominated in foreign currencies and any exchange-translation assets, which are revalued daily at market exchange rates.
 

 

9. Statement of Condition of Each Federal Reserve Bank, January 21, 2009 (continued)
Millions of dollars
Assets, liabilities, and capital Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas
City
Dallas San
Francisco
Liabilities                                                         
Federal Reserve notes outstanding           1,024,646      38,062     358,244      41,162      46,328      80,648     129,859      83,737      29,252      17,501      29,749      57,596     112,510 
  Less: Notes held by F.R. Banks              176,447       5,950      43,317       5,696       8,294      12,801      25,055      14,454       3,923       3,122       3,804      21,436      28,595 
    Federal Reserve notes, net                848,198      32,112     314,927      35,466      38,033      67,846     104,803      69,283      25,329      14,379      25,945      36,160      83,915 
Reverse repurchase agreements (12)             75,025       3,147      26,694       3,276       2,845       6,803       7,465       6,622       2,593       1,416       2,755       3,112       8,299 
Deposits                                    1,060,796      25,172     725,870      10,343      40,355     110,568      19,608      28,351       6,114       1,771       7,455       6,647      78,543 
  Depository institutions                     808,299      25,159     473,562      10,335      40,350     110,424      19,605      28,347       6,108       1,770       7,453       6,646      78,540 
  U.S. Treasury, general account               46,705           0      46,705           0           0           0           0           0           0           0           0           0           0 
  U.S. Treasury, supplementary                                      
    financing account                         199,747           0     199,747           0           0           0           0           0           0           0           0           0           0 
  Foreign official                                187           2         157           4           3          11           3           2           0           1           0           1           3 
  Other                                         5,857          10       5,699           4           2         134           0           1           5           0           1           0           0 
Deferred availability cash items                4,918         153           0         777         666         328         364         593         160         333         249         441         855 
Other liabilities and accrued                                                 
  dividends (13,14)                            11,820         151       9,452         168         169         406         340         293         149         102         118         175         296 
                                                                    
      Total liabilities                     2,000,757      60,734   1,076,943      50,029      82,067     185,951     132,580     105,142      34,344      18,001      36,521      46,536     171,908 
                                                                    
Capital                                                             
Capital paid in                                21,514         845       6,030       2,315       1,552       5,981       1,612         705         210         335         208         271       1,449 
Surplus                                        19,413         844       4,091       2,304       1,529       5,870       1,612         703         210         322         208         271       1,449 
Other capital                                     834          11         764           0           0           0          19          13           2           0           1           7          16 
                                                                    
      Total liabilities and capital         2,042,517      62,435   1,087,828      54,648      85,149     197,802     135,823     106,563      34,766      18,658      36,938      47,085     174,822 
                              
Note: Components may not sum to totals because of rounding.
 

12. Cash value of agreements, which are collateralized by U.S. Treasury securities.
13. Includes any exchange-translation liabilities, which are revalued daily at market exchange rates.
14. Includes the liabilities of Commercial Paper Funding Facility LLC, the LLCs funded through the Money Market Investor Funding Facility, Maiden Lane LLC, Maiden Lane II LLC, and Maiden
Lane III 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 3
through table 7 and the note on consolidation below.
 

Note on consolidation:
 

The Federal Reserve Bank of New York (FRBNY) has extended loans to several limited liability companies under the authority of section 13(3) of the Federal Reserve Act. On June 26, 2008,
a loan was extended to Maiden Lane LLC, which was formed to acquire certain assets of Bear Stearns. On October 27, 2008, the FRBNY began extending loans to Commercial Paper Funding
Facility LLC, which was formed to purchase three-month U.S. dollar-denominated commercial paper from eligible issuers. On October 21, 2008, the Federal Reserve Board authorized the FRBNY
to extend credit to a series of LLCs funded through the Money Market Investor Funding Facility. These LLCs, which became operational on November 24, 2008, were established to purchase
short-term U.S. dollar-denominated certificates of deposit, bank notes, and commercial paper from eligible issuers. 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.
 

The FRBNY is the sole beneficiary of Commercial Paper Funding Facility LLC and the primary beneficiary of the other LLCs cited above. 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
Federal Reserve notes and collateral Wednesday
Jan 21, 2009
                                                                                            
Federal Reserve notes outstanding                                                              1,024,646 
  Less: Notes held by F.R. Banks not subject to collateralization                                176,447 
    Federal Reserve notes to be collateralized                                                   848,198 
Collateral held against Federal Reserve notes                                                    848,198 
  Gold certificate account                                                                        11,037 
  Special drawing rights certificate account                                                       2,200 
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1)                         458,187 
  Other assets pledged                                                                           376,775 
                                                                                            
Memo:                                                                                       
Total U.S. Treasury, agency debt, and mortgage-backed securities (1)                             525,470 
  Less: Face value of securities under reverse repurchase agreements                              67,284 
    U.S. Treasury, agency debt, and mortgage-backed securities                              
    eligible to be pledged                                                                       458,187 
   
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.

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