Federal Reserve Statistical Release, H.4.1, Factors Affecting Reserve Balances; title with eagle logo links to Statistical Release home page
Release Date:  February 12, 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
February 12, 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
Feb 11, 2009
Week ended
Feb 11, 2009
Change from week ended
Feb 4, 2009 Feb 13, 2008
                                                              
Reserve Bank credit                                       1,830,406    -   10,340    +  971,755     1,826,618 
  Securities held outright                                  514,118    +    2,678    -  199,254       514,396 
    U.S. Treasury securities (1)                            474,910    -      124    -  238,462       474,869 
      Bills (2)                                              18,423             0    -  181,937        18,423 
      Notes and bonds, nominal (2)                          412,914             0    -   57,096       412,914 
      Notes and bonds, inflation-indexed (2)                 39,378             0    +      941        39,378 
      Inflation compensation (3)                              4,197    -      123    -      368         4,155 
    Federal agency debt securities (2)                       31,831    +    2,802    +   31,831        32,150 
    Mortgage-backed securities (4)                            7,377             0    +    7,377         7,377 
  Repurchase agreements (5)                                       0             0    -   18,357             0 
  Term auction credit                                       412,883             0    +  352,883       412,883 
  Other loans                                               143,206    -   10,486    +  143,148       142,851 
    Primary credit                                           64,574    -    2,852    +   64,517        65,189 
    Secondary credit                                             35    +       30    +       35             2 
    Seasonal credit                                              4   +        2   +        3            4 
    Primary dealer and other broker-dealer credit (6)        25,805    -    4,459    +   25,805        26,122 
    Asset-backed Commercial Paper Money Market                
      Mutual Fund Liquidity Facility                         15,111    -    1,870    +   15,111        14,185 
    Credit extended to American International                 
      Group, Inc. (7)                                        37,677    -    1,336    +   37,677        37,350 
    Other credit extensions                                       0             0             0             0 
  Net portfolio holdings of Commercial Paper                  
    Funding Facility LLC (8)                                256,153    -    3,162    +  256,153       251,206 
  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)             25,863    +       78    +   25,863        25,877 
  Net portfolio holdings of Maiden Lane II LLC (11)          18,674    -      291    +   18,674        18,630 
  Net portfolio holdings of Maiden Lane III LLC (12)         27,528    +       64    +   27,528        27,634 
  Float                                                      -2,308    -      512    -    1,281        -2,542 
  Central bank liquidity swaps (13)                         389,671    +      880    +  365,671       390,829 
  Other Federal Reserve assets (14)                          44,617    +      408    +      726        44,854 
Gold stock                                                   11,041             0             0        11,041 
Special drawing rights certificate account                    2,200             0             0         2,200 
Treasury currency outstanding (15)                           38,758    +       14    +       78        38,758 
                                                              
Total factors supplying reserve funds                     1,882,405    -   10,326    +  971,833     1,878,617 
 

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
Feb 11, 2009
Week ended
Feb 11, 2009
Change from week ended
Feb 4, 2009 Feb 13, 2008
                                                              
Currency in circulation (15)                                889,602    +    4,055    +   75,828       892,585 
Reverse repurchase agreements (16)                           70,247    -    5,788    +   33,841        73,284 
  Foreign official and international accounts                70,247    -    5,788    +   33,841        73,284 
  Dealers                                                         0             0             0             0 
Treasury cash holdings                                          273    -       20    -        2           269 
Deposits with F.R. Banks, other than reserve balances       269,116    +   49,255    +  256,579       266,695 
  U.S. Treasury, general account                             36,506    -    5,411    +   31,190        20,266 
  U.S. Treasury, supplementary financing account            199,950    +   29,988    +  199,950       199,950 
  Foreign official                                            2,019    +    1,856    +    1,922         2,728 
  Service-related                                             4,432    +        1    -    2,379         4,432 
    Required clearing balances                                4,432    +        1    -    2,379         4,432 
    Adjustments to compensate for float                           0             0             0             0 
  Other                                                      26,209    +   22,820    +   25,896        39,319 
Other liabilities and capital (17)                           49,774    +      667    +    7,791        50,077 
                                                              
Total factors, other than reserve balances,                                                       
   absorbing reserve funds                                1,279,011    +   48,167    +  374,036     1,282,911 
                                                              
Reserve balances with Federal Reserve Banks                 603,394    -   58,493    +  597,797       595,705 
                                                                
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. 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.
14. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates.
15. Estimated.
16. Cash value of agreements, which are collateralized by U.S. Treasury securities.
17. 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
Feb 11, 2009
Week ended
Feb 11, 2009
Change from week ended
Feb 4, 2009 Feb 13, 2008
                                                              
Marketable securities held in custody for foreign             
      official and international accounts (1)             2,560,849    +    6,194    +  447,941     2,561,543 
  U.S. Treasury securities                                1,742,951    +    8,353    +  476,271     1,744,290 
  Federal agency securities (2)                             817,898    -    2,160    -   28,331       817,253 
Securities lent to dealers                                  123,366    -    3,628    +  113,616       120,388 
  Overnight facility (3)                                      6,593    +      229    -    3,157         4,008 
  Term facility (4)                                         116,773    -    3,857    +  116,773       116,380 
 

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, February 11, 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                   173,878      239,005         ---            ---          ---         ---       412,883
Other loans (1)                        84,734       20,464          303        37,350          ---         ---       142,851
U.S. Treasury securities (2)                    
  Holdings                             19,416       17,935       64,785       174,054       97,278     101,401       474,869
  Weekly changes                   +    3,867   -    3,867   -        4    -       35   -       26  -       47    -      113
Federal agency debt securities (3)                        
  Holdings                                990        1,648        1,857        21,433        6,222           0        32,150
  Weekly changes                   +      640   -      640   +      813    +    1,422            0           0    +    2,235
Mortgage-backed securities (4)                            
  Holdings                                  0            0            0             0            0       7,377         7,377
  Weekly changes                            0            0            0             0            0           0             0
Commercial paper held by                        
  Commercial Paper Funding                      
  Facility LLC (5)                     34,160      216,387            0           ---          ---         ---       250,547
Money market instruments held by                
  LLCs funded through the Money                 
  Market Investor Funding                       
  Facility (6)                              0            0            0           ---          ---         ---             0
Repurchase agreements (7)                   0            0          ---           ---          ---         ---             0
Central bank liquidity swaps (8)      261,075      129,754            0             0            0           0       390,829
                                                
Reverse repurchase agreements (7)      73,284            0          ---           ---          ---         ---        73,284
  
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.
8. Dollar value of foreign currency held under these arrangements valued at the exchange rate to be used when the foreign
currency is returned to the foreign central bank. This exchange rate equals the market exchange rate used when the
foreign currency was acquired from the foreign central bank.
 

 

3. Information on Principal Accounts of Maiden Lane LLC
Millions of dollars
Account name Wednesday
Feb 11, 2009
                                                                                                
Net portfolio holdings of Maiden Lane LLC (1)                                                       25,877    
                                                                                                
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)                                   284    
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3)        1,195    
 
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 31, 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
Feb 11, 2009
                                                                                                
Net portfolio holdings of Maiden Lane II LLC (1)                                                     18,630   
                                                                                                
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)            18,825   
Accrued interest payable to the Federal Reserve Bank of New York (2)                                     60   
Deferred payment and accrued interest payable to subsidiaries of American International         
  Group, Inc. (3)                                                                                     1,006   
 

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 31, 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
Feb 11, 2009
                                                                                                
Net portfolio holdings of Maiden Lane III LLC (1)                                                    27,634   
                                                                                                
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)                                     86   
Outstanding principal amount and accrued interest on loan payable to American International     
  Group, Inc. (3)                                                                                     5,042   
 

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 31, 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
Feb 11, 2009
                                                                                                
Commercial paper holdings, net (1)                                                                  248,951   
Other investments, net                                                                                2,255   
Net portfolio holdings of Commercial Paper Funding Facility LLC                                     251,206   
                                                                                                
Memorandum: Commercial paper holdings, face value                                                   250,547   
                                                                                                
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)           249,190   
Accrued interest payable to the Federal Reserve Bank of New York (2)                                    138   
 

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
Feb 11, 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
Feb 11, 2009
Wednesday
Feb 4, 2009
Wednesday
Feb 13, 2008
Assets                                                   
Gold certificate account                                           11,037                0                   0
Special drawing rights certificate account                          2,200                0                   0
Coin                                                                1,909       -        6          +      529
Securities, repurchase agreements, term auction          
      credit, and other loans                                   1,070,130       -    4,056          +  268,722
  Securities held outright                                        514,396       +    2,122          -  198,973
    U.S. Treasury securities (1)                                  474,869       -      113          -  238,500
      Bills (2)                                                    18,423                0          -  181,937
      Notes and bonds, nominal (2)                                412,914                0          -   57,096
      Notes and bonds, inflation-indexed (2)                       39,378                0          +      941
      Inflation compensation (3)                                    4,155       -      113          -      408
    Federal agency debt securities (2)                             32,150       +    2,235          +   32,150
    Mortgage-backed securities (4)                                  7,377                0          +    7,377
  Repurchase agreements (5)                                             0                0          -   28,000
  Term auction credit                                             412,883                0          +  352,883
  Other loans                                                     142,851       -    6,179          +  142,812
Net portfolio holdings of Commercial Paper               
  Funding Facility LLC (6)                                        251,206       -    7,458          +  251,206
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)                      25,877       +       17          +   25,877
Net portfolio holdings of Maiden Lane II LLC (9)                   18,630       -      338          +   18,630
Net portfolio holdings of                                
  Maiden Lane III LLC (10)                                         27,634       +      124          +   27,634
Items in process of collection                         (340)          631       -      268          -      745
Bank premises                                                       2,185       +        5          +       53
Central bank liquidity swaps (11)                                 390,829       +    3,381          +  366,829
Other assets (12)                                                  42,589       +      555          +      615
                                                         
      Total assets                                     (340)    1,844,857       -    8,044          +  959,351
 

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

 

8. Consolidated Statement of Condition of All Federal Reserve Banks (continued)
Millions of dollars
Assets, liabilities, and capital Eliminations
from
consolidation
  Change since
Wednesday
Feb 11, 2009
Wednesday
Feb 4, 2009
Wednesday
Feb 13, 2008
Liabilities                                              
Federal Reserve notes, net of F.R. Bank holdings                  856,001       +    3,703          +   77,064
Reverse repurchase agreements (13)                                 73,284       -      967          +   34,694
Deposits                                                 (0)      862,321       -   11,166          +  838,917
  Depository institutions                                         600,057       -   46,939          +  582,033
  U.S. Treasury, general account                                   20,266       -   27,442          +   15,287
  U.S. Treasury, supplementary financing account                  199,950       +   29,988          +  199,950
  Foreign official                                                  2,728       +    2,624          +    2,632
  Other                                                  (0)       39,319       +   30,602          +   39,014
Deferred availability cash items                       (340)        3,173       -      197          +      365
Other liabilities and accrued dividends (14)                        8,695       +      161          +    4,311
                                                         
      Total liabilities                                (340)    1,803,474       -    8,466          +  955,351
                                                         
Capital accounts                                         
Capital paid in                                                    21,709       +       15          +    3,223
Surplus                                                            19,539       +      333          +    1,091
Other capital accounts                                                134       +       72          -      315
                                                         
      Total capital                                                41,382       +      420          +    3,999
 

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. 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.
13. Cash value of agreements, which are collateralized by U.S. Treasury securities.
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, February 11, 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                                           1,909          62          83         157         155         262         244         216          50          62         132         199         286 
Securities, repurchase agreements, term                            
      auction credit, and other loans      1,070,130      50,876     513,135      61,403      27,944     112,738      67,392      53,674      22,968      15,718      21,805      28,977      93,500 
  Securities held outright                   514,396      21,576     183,019      22,459      19,506      46,645      51,182      45,400      17,776       9,711      18,887      21,338      56,898 
    U.S. Treasury securities (1)             474,869      19,918     168,955      20,733      18,007      43,060      47,249      41,912      16,410       8,965      17,436      19,698      52,526 
      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)                    456,446      19,145     162,401      19,929      17,308      41,390      45,416      40,286      15,773       8,617      16,760      18,934      50,488 
    Federal agency debt securities (2)        32,150       1,348      11,439       1,404       1,219       2,915       3,199       2,838       1,111         607       1,180       1,334       3,556 
    Mortgage-backed securities (4)             7,377         309       2,625         322         280         669         734         651         255         139         271         306         816 
  Repurchase agreements (5)                        0           0           0           0           0           0           0           0           0           0           0           0           0 
  Term auction credit                        412,883      14,805     208,557      38,805       8,406      65,321      15,946       6,319       4,830       5,697       2,870       6,533      34,794 
  Other loans                                142,851      14,495     121,559         139          33         772         265       1,954         363         309          48       1,107       1,808 
Net portfolio holdings of Commercial                               
  Paper Funding Facility LLC (6)             251,206           0     251,206           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)                                     25,877           0      25,877           0           0           0           0           0           0           0           0           0           0 
Net portfolio holdings of Maiden                                   
  Lane II LLC (9)                             18,630           0      18,630           0           0           0           0           0           0           0           0           0           0 
Net portfolio holdings of Maiden                                   
  Lane III LLC (10)                           27,634           0      27,634           0           0           0           0           0           0           0           0           0           0 
Items in process of collection                   970          39           0         183         118          33          69         218          12          64          39          76         118 
Bank premises                                  2,185         123         210          65         147         230         224         207         133         112         273         249         212 
Central bank liquidity swaps (11)            390,829      15,539     106,129      42,609      28,567     110,066      29,663      12,947       3,859       5,970       3,827       4,987      26,665 
Other assets (12)                             42,589       1,794      12,996       3,467       2,485       8,651       3,664       2,336         875         728         901       1,074       3,618 
Interdistrict settlement account                   0   -  13,607   +  15,328   -  53,730   +  29,000   - 116,604   +  35,489   +  27,675   +   7,199   -   3,801   +  12,108   +  19,092   +  41,850 
                                                                   
      Total assets                         1,845,196      55,365     976,037      54,690      88,943     116,414     138,134      98,398      35,512      19,081      39,500      55,390     167,732 
 

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

 

9. Statement of Condition of Each Federal Reserve Bank, February 11, 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           1,033,349      37,849     361,148      41,092      46,090      80,417     133,460      83,602      29,119      17,467      29,643      61,689     111,773 
  Less: Notes held by F.R. Banks              177,347       5,906      47,129       5,623       7,335      12,383      28,198      13,934       3,436       3,208       3,695      18,991      27,510 
    Federal Reserve notes, net                856,001      31,943     314,019      35,469      38,755      68,034     105,262      69,668      25,683      14,260      25,948      42,698      84,264 
Reverse repurchase agreements (13)             73,284       3,074      26,074       3,200       2,779       6,645       7,292       6,468       2,532       1,384       2,691       3,040       8,106 
Deposits                                      862,321      18,321     619,467      10,652      43,674      29,199      21,762      20,054       6,654       2,330      10,150       8,659      71,399 
  Depository institutions                     600,057      18,318     357,351      10,647      43,670      29,079      21,758      20,053       6,652       2,330      10,148       8,658      71,394 
  U.S. Treasury, general account               20,266           0      20,266           0           0           0           0           0           0           0           0           0           0 
  U.S. Treasury, supplementary                                      
    financing account                         199,950           0     199,950           0           0           0           0           0           0           0           0           0           0 
  Foreign official                              2,728           2       2,699           4           3          11           3           1           0           1           0           1           3 
  Other                                        39,319           2      39,201           0           1         108           0           0           2           0           1           1           2 
Deferred availability cash items                3,512          92           0         574         469         215         239         452          54         336         166         270         645 
Other liabilities and accrued                                                 
  dividends (14)                                8,695         153       6,252         177         179         445         335         291         154         107         120         170         311 
                                                                    
      Total liabilities                     1,803,814      53,583     965,813      50,071      85,855     104,538     134,890      96,934      35,079      18,417      39,074      54,838     164,723 
                                                                    
Capital                                                             
Capital paid in                                21,709         903       6,038       2,315       1,552       5,984       1,612         729         216         335         212         271       1,541 
Surplus                                        19,539         844       4,186       2,304       1,536       5,892       1,612         704         210         324         208         271       1,449 
Other capital                                     134          35           0           0           0           0          20          32           8           5           7          10          19 
                                                                    
      Total liabilities and capital         1,845,196      55,365     976,037      54,690      88,943     116,414     138,134      98,398      35,512      19,081      39,500      55,390     167,732 
                              
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.
 

 

9. Statement of Condition of Each Federal Reserve Bank, February 11, 2009 (continued)
 

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 below.
7. Refer to table 7 and the note on consolidation below.
8. Refer to table 3 and the note on consolidation below.
9. Refer to table 4 and the note on consolidation below.
10. Refer to table 5 and the note on consolidation below.
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.
13. Cash value of agreements, which are collateralized by U.S. Treasury securities.
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 LLCto 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
Feb 11, 2009
                                                                                            
Federal Reserve notes outstanding                                                              1,033,349 
  Less: Notes held by F.R. Banks not subject to collateralization                                177,347 
    Federal Reserve notes to be collateralized                                                   856,001 
Collateral held against Federal Reserve notes                                                    856,001 
  Gold certificate account                                                                        11,037 
  Special drawing rights certificate account                                                       2,200 
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1)                         447,412 
  Other assets pledged                                                                           395,352 
                                                                                            
Memo:                                                                                       
Total U.S. Treasury, agency debt, and mortgage-backed securities (1)                             514,396 
  Less: Face value of securities under reverse repurchase agreements                              66,984 
    U.S. Treasury, agency debt, and mortgage-backed securities                              
    eligible to be pledged                                                                       447,412 
   
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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