Federal Reserve Statistical Release, H.4.1, Factors Affecting Reserve Balances; title with eagle logo links to Statistical Release home page
Release Date: February 19, 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 19, 2009
1. Factors Affecting Reserve Balances of Depository Institutions
Millions of dollars
Reserve Bank credit, related items, and                            Averages of daily figures
reserve balances of depository institutions at            Week ended   Change from week ended     Wednesday
Federal Reserve Banks                                    Feb 18, 2009 Feb 11, 2009 Feb 20, 2008 Feb 18, 2009

Reserve Bank credit                                       1,907,301   +   76,895   +1,040,281    1,897,237
  Securities held outright                                  570,419   +   56,301   -  142,945      573,625       
    U.S. Treasury securities (1)                            474,790   -      120   -  238,574      474,756
      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)                              4,077   -      120   -      481        4,042
    Federal agency debt securities (2)                       32,558   +      727   +   32,558       33,577
    Mortgage-backed securities (4)                           63,071   +   55,694   +   63,071       65,292
  Repurchase agreements (5)                                       0            0   -   43,536            0
  Term auction credit                                       447,563   +   34,680   +  387,563      447,563  
  Other loans                                               143,230   +       24   +  143,007      140,493
    Primary credit                                           65,992   +    1,418   +   65,772       65,144
    Secondary credit                                              4   -       31   +        4            0
    Seasonal credit                                               3   -        1            0            2
    Primary dealer and other broker-dealer credit (6)        26,001   +      196   +   26,001       25,268
    Asset-backed Commercial Paper Money Market
      Mutual Fund Liquidity Facility                         13,875   -    1,236   +   13,875       12,722
    Credit extended to American International
      Group, Inc. (7)                                        37,355   -      322   +   37,355       37,357
    Other credit extensions                                       0            0            0            0
  Net portfolio holdings of Commercial Paper 
    Funding Facility LLC (8)                                250,358   -    5,795   +  250,358      248,671
  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)             25,883   +       20   +   25,883       25,917
  Net portfolio holdings of Maiden Lane II LLC (11)          18,631   -       43   +   18,631       18,640
  Net portfolio holdings of Maiden Lane III LLC (12)         27,639   +      111   +   27,639       27,674
  Float                                                      -1,903   +      405   -      612       -3,205
  Central bank liquidity swaps (13)                         379,687   -    9,984   +  369,687      375,005
  Other Federal Reserve assets (14)                          45,793   +    1,176   +    4,606       42,854
Gold stock                                                   11,041            0            0       11,041
Special drawing rights certificate account                    2,200            0            0        2,200
Treasury currency outstanding (15)                           38,772   +       14   +       92       38,772
       
Total factors supplying reserve funds                     1,959,314   +   76,909   +1,040,373    1,949,250

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                            Averages of daily figures
reserve balances of depository institutions at            Week ended   Change from week ended     Wednesday
Federal Reserve Banks                                    Feb 18, 2009 Feb 11, 2009 Feb 20, 2008 Feb 18, 2009

Currency in circulation (15)                                894,231   +    4,629   +   77,171      895,101
Reverse repurchase agreements (16)                           72,993   +    2,746   +   35,016       70,804
  Foreign official and international accounts                72,993   +    2,746   +   35,016       70,804
  Dealers                                                         0            0            0            0
Treasury cash holdings                                          270   -        3   +        1          277
Deposits with F.R. Banks, other than reserve balances       252,604   -   16,512   +  241,588      228,031       
  U.S. Treasury, general account                             31,082   -    5,424   +   27,221       20,501
  U.S. Treasury, supplementary financing account            199,950            0   +  199,950      199,950
  Foreign official                                            2,445   +      426   +    2,347        2,777
  Service-related                                             4,474   +       42   -    2,274        4,474
    Required clearing balances                                4,474   +       42   -    2,274        4,474
    Adjustments to compensate for float                           0            0            0            0
  Other                                                      14,653   -   11,556   +   14,343          329
Other liabilities and capital (17)                           50,231   +      457   +    7,759       50,374

Total factors, other than reserve balances,                                        
   absorbing reserve funds                                1,270,329   -    8,682   +  361,535    1,244,587

Reserve balances with Federal Reserve Banks                 688,984   +   85,590   +  678,837      704,663
                                                                
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
                                                                   Averages of daily figures
Memorandum item                                           Week ended   Change from week ended     Wednesday
                                                         Feb 18, 2009 Feb 11, 2009 Feb 20, 2008 Feb 18, 2009

Marketable securities held in custody for foreign
      official and international accounts (1)             2,576,109   +   15,260   +  445,889    2,572,766
  U.S. Treasury securities                                1,762,341   +   19,390   +  498,278    1,761,713
  Federal agency securities (2)                             813,768   -    4,130   -   52,390      811,053
Securities lent to dealers                                  121,413   -    1,953   +  105,394      120,867   
  Overnight facility (3)                                      6,133   -      460   -    9,886        5,587
  Term facility (4)                                         115,280   -    1,493   +  115,280      115,280

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 18, 2009
Millions of dollars

Remaining maturity                 Within 15  16 days to  91 days to  Over 1 year  Over 5 years  Over 10       All
                                      days     90 days      1 year     to 5 years   to 10 years   years 
Term auction credit                   66,231     381,333         ---          ---           ---        ---     447,563
Other loans (1)                       89,067      13,766          303      37,357           ---        ---     140,493
U.S. Treasury securities (2) 
  Holdings                            17,520      28,979       61,317     168,008        99,442     99,489     474,756
  Weekly changes                  -    1,896  +   11,044   -    3,468  -    6,046    +    2,164 -    1,912  -      113
Federal agency debt securities (3) 
  Holdings                               740       1,548        2,567      22,500         6,222          0      33,577
  Weekly changes                  -      250  -      100   +      710  +    1,067             0          0  +    1,427
Mortgage-backed securities (4)    
  Holdings                                 0           0            0           0             0     65,292      65,292
  Weekly changes                           0           0            0           0             0 +   57,915  +   57,915
Commercial paper held by
  Commercial Paper Funding 
  Facility LLC (5)                    31,551     216,329            0         ---           ---        ---     247,880
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)     222,441     152,564            0           0             0          0     375,005

Reverse repurchase agreements (7)     70,804           0          ---         ---           ---        ---      70,804
  
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
                                                                                                  Wednesday
Account name                                                                                    Feb 18, 2009
         
Net portfolio holdings of Maiden Lane LLC (1)                                                       25,917

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)                                   287
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3)        1,196
 
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
                                                                                                   Wednesday
Account name                                                                                     Feb 18, 2009

Net portfolio holdings of Maiden Lane II LLC (1)                                                     18,640

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)                                     65
Deferred payment and accrued interest payable to subsidiaries of American International 
  Group, Inc. (3)                                                                                     1,007

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
                                                                                                   Wednesday
Account name                                                                                     Feb 18, 2009

Net portfolio holdings of Maiden Lane III LLC (1)                                                    27,674

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)                                     93
Outstanding principal amount and accrued interest on loan payable to American International
  Group, Inc. (3)                                                                                     5,046

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
                                                                                                   Wednesday
Account name                                                                                     Feb 18, 2009

Commercial paper holdings, net (1)                                                                  246,350
Other investments, net                                                                                2,321
Net portfolio holdings of Commercial Paper Funding Facility LLC                                     248,671

Memorandum: Commercial paper holdings, face value                                                   247,880

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)           246,541
Accrued interest payable to the Federal Reserve Bank of New York (2)                                    123

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
                                                                                                   Wednesday
Account name                                                                                     Feb 18, 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
                                                 Eliminations                          Change since
                                                     from       Wednesday        Wednesday        Wednesday
Assets, liabilities, and capital                consolidation Feb 18, 2009     Feb 11, 2009     Feb 20, 2008

Assets
Gold certificate account                                           11,037                0                0
Special drawing rights certificate account                          2,200                0                0
Coin                                                                1,886       -       23       +      527
Securities, repurchase agreements, term auction
      credit, and other loans                                   1,161,681       +   91,551       +  348,197
  Securities held outright                                        573,625       +   59,229       -  139,737
    U.S. Treasury securities (1)                                  474,756       -      113       -  238,606       
      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)                                    4,042       -      113       -      514
    Federal agency debt securities (2)                             33,577       +    1,427       +   33,577
    Mortgage-backed securities (4)                                 65,292       +   57,915       +   65,292
  Repurchase agreements (5)                                             0                0       -   38,750    
  Term auction credit                                             447,563       +   34,680       +  387,563
  Other loans                                                     140,493       -    2,358       +  139,122
Net portfolio holdings of Commercial Paper 
  Funding Facility LLC (6)                                        248,671       -    2,535       +  248,671
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)                      25,917       +       40       +   25,917
Net portfolio holdings of Maiden Lane II LLC (9)                   18,640       +       10       +   18,640
Net portfolio holdings of 
  Maiden Lane III LLC (10)                                         27,674       +       40       +   27,674
Items in process of collection                         (653)        1,478       +      847       -    1,436
Bank premises                                                       2,187       +        2       +       53
Central bank liquidity swaps (11)                                 375,005       -   15,824       +  365,005
Other assets (12)                                                  40,660       -    1,929       +    2,256
     
      Total assets                                     (653)    1,917,036       +   72,179       +1,035,504

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
                                                 Eliminations                          Change since
                                                     from       Wednesday        Wednesday        Wednesday
Assets, liabilities, and capital                consolidation Feb 18, 2009     Feb 11, 2009     Feb 20, 2008
                         
Liabilities
Federal Reserve notes, net of F.R. Bank holdings                  858,488       +    2,487       +   77,985
Reverse repurchase agreements (13)                                 70,804       -    2,480       +   32,194
Deposits                                                 (6)      932,687       +   70,366       +  917,438       
  Depository institutions                                         709,130       +  109,073       +  698,807
  U.S. Treasury, general account                                   20,501       +      235       +   15,976
  U.S. Treasury, supplementary financing account                  199,950                0       +  199,950
  Foreign official                                                  2,777       +       49       +    2,676
  Other                                                  (6)          329       -   38,990       +       30
Deferred availability cash items                       (647)        4,683       +    1,510       +      503
Other liabilities and accrued dividends (14)                        8,680       -       15       +    4,212

      Total liabilities                                (653)    1,875,343       +   71,869       +1,032,333
                          
Capital accounts
Capital paid in                                                    22,102       +      393       +    2,749
Surplus                                                            19,506       -       33       +    1,049
Other capital accounts                                                 86       -       48       -      627

      Total capital                                                41,694       +      312       +    3,172

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 18, 2009
Millions of dollars
                                                                                                                                                            Kansas                 San
Assets, liabilities, and capital               Total     Boston   New York Philadelphia Cleveland   Richmond   Atlanta    Chicago   St. Louis  Minneapolis   City      Dallas   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                                           1,886         61         84        156        156        262        239        215         49         60        129        193        283
Securities, repurchase agreements, term
      auction credit, and other loans      1,161,681     57,390    545,978     65,474     32,297    116,768     72,864     58,489     24,927     16,840     23,813     31,484    115,358
  Securities held outright                   573,625     24,060    204,092     25,045     21,752     52,015     57,075     50,628     19,822     10,829     21,062     23,795     63,449
    U.S. Treasury securities (1)             474,756     19,913    168,915     20,729     18,003     43,050     47,237     41,902     16,406      8,963     17,432     19,693     52,513
      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)                    456,333     19,140    162,361     19,924     17,304     41,380     45,404     40,276     15,769      8,615     16,756     18,929     50,475
    Federal agency debt securities (2)        33,577      1,408     11,946      1,466      1,273      3,045      3,341      2,963      1,160        634      1,233      1,393      3,714
    Mortgage-backed securities (4)            65,292      2,739     23,231      2,851      2,476      5,921      6,496      5,763      2,256      1,233      2,397      2,708      7,222
  Repurchase agreements (5)                        0          0          0          0          0          0          0          0          0          0          0          0          0
  Term auction credit                        447,563     20,317    220,759     40,315     10,546     64,159     15,539      5,999      4,759      5,699      2,712      6,600     50,160     
  Other loans                                140,493     13,013    121,126        114          0        593        251      1,862        346        312         39      1,089      1,749
Net portfolio holdings of Commercial
  Paper Funding Facility LLC (6)             248,671          0    248,671          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)                                     25,917          0     25,917          0          0          0          0          0          0          0          0          0          0
Net portfolio holdings of Maiden
  Lane II LLC (9)                             18,640          0     18,640          0          0          0          0          0          0          0          0          0          0
Net portfolio holdings of Maiden
  Lane III LLC (10)                           27,674          0     27,674          0          0          0          0          0          0          0          0          0          0
Items in process of collection                 2,131        105          0        366        303         61        436        269         34        103         58        148        248
Bank premises                                  2,187        123        211         65        147        231        224        207        133        112        273        250        212
Central bank liquidity swaps (11)            375,005     14,552    108,382     39,904     26,753    103,077     27,780     12,125      3,614      5,591      3,584      4,671     24,972
Other assets (12)                             40,660      1,704     12,428      3,341      2,390      8,345      3,445      2,195        825        694        849      1,011      3,436
Interdistrict settlement account                   0  -  11,516  -  24,339  -  54,641  +  25,293  -  47,547  +  29,684  +  26,642  +   5,184  -   4,756  +  16,679  +  17,447  +  21,869

      Total assets                         1,917,689     62,957    968,454     55,199     87,864    182,235    136,059    101,268     35,181     18,872     45,801     55,937    167,862

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 18, 2009 (continued)
Millions of dollars
                                                                                                                                                            Kansas                 San
Assets, liabilities, and capital                Total     Boston   New York Philadelphia Cleveland   Richmond   Atlanta    Chicago   St. Louis  Minneapolis   City      Dallas   Francisco

Liabilities                         
Federal Reserve notes outstanding           1,034,252     37,794    361,349     41,119     46,083     80,435    133,680     84,357     29,115     17,455     29,624     61,612    111,631
  Less: Notes held by F.R. Banks              175,764      5,720     47,607      5,436      7,355     12,151     28,560     13,735      3,439      3,143      3,750     18,125     26,742
    Federal Reserve notes, net                858,488     32,074    313,742     35,683     38,728     68,284    105,120     70,622     25,676     14,312     25,873     43,486     84,889
Reverse repurchase agreements (13)             70,804      2,970     25,192      3,091      2,685      6,420      7,045      6,249      2,447      1,337      2,600      2,937      7,832
Deposits                                      932,694     25,817    612,661     10,799     42,461     95,052     19,802     22,096      6,370      1,900     16,530      8,411     70,794
  Depository institutions                     709,130     25,804    389,258     10,794     42,457     94,945     19,799     22,088      6,356      1,899     16,528      8,411     70,790
  U.S. Treasury, general account               20,501          0     20,501          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                              2,777          2      2,748          4          3         11          3          1          0          1          0          1          3
  Other                                           335         11        204          0          1         96          0          7         14          0          1          0          2
Deferred availability cash items                5,330        173          0        877        719        322        504        549        100        407        248        385      1,043
Other liabilities and accrued                 
  dividends (14)                                8,680        153      6,252        178        179        435        344        288        153        107        120        167        305
   
      Total liabilities                     1,875,996     61,186    957,847     50,628     84,771    170,513    132,816     99,804     34,746     18,063     45,372     55,387    164,863
                              
Capital                    
Capital paid in                                22,102        903      6,202      2,320      1,594      5,980      1,644        730        216        485        214        275      1,539
Surplus                                        19,506        844      4,404      2,251      1,499      5,742      1,599        704        210        324        208        271      1,449
Other capital                                      86         23          0          0          0          0          0         30         10          0          7          4         11

      Total liabilities and capital         1,917,689     62,957    968,454     55,199     87,864    182,235    136,059    101,268     35,181     18,872     45,801     55,937    167,862
                              
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 18, 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 18, 2009
              
Federal Reserve notes outstanding                                                                1,034,252
  Less: Notes held by F.R. Banks not subject to collateralization                                  175,764
    Federal Reserve notes to be collateralized                                                     858,488 
Collateral held against Federal Reserve notes                                                      858,488
  Gold certificate account                                                                          11,037
  Special drawing rights certificate account                                                         2,200
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1)                           508,813
  Other assets pledged                                                                             336,439

Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1)                               573,625
  Less: Face value of securities under reverse repurchase agreements                                64,812
    U.S. Treasury, agency debt, and mortgage-backed securities
    eligible to be pledged                                                                         508,813
   
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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