Federal Reserve Statistical Release, H.4.1, Factors Affecting Reserve Balances; title with eagle logo links to Statistical Release home page
Release Date:  April 30, 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
April 30, 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
Apr 29, 2009
Week ended
Apr 29, 2009
Change from week ended
Apr 22, 2009 Apr 30, 2008
                                                              
Reserve Bank credit                                       2,087,578    -   81,542    +1,222,561     2,049,958 
  Securities held outright                                  976,811    +   22,765    +  428,131       983,358 
    U.S. Treasury securities (1)                            543,009    +   14,319    -    5,671       549,046 
      Bills (2)                                              18,423             0    -   51,894        18,423 
      Notes and bonds, nominal (2)                          479,039    +   14,007    +   44,093       485,057 
      Notes and bonds, inflation-indexed (2)                 40,976    +      215    +    2,434        40,976 
      Inflation compensation (3)                              4,571    +       97    -      304         4,590 
    Federal agency debt securities (2)                       66,074    +    3,317    +   66,074        68,158 
    Mortgage-backed securities (4)                          367,728    +    5,129    +  367,728       366,153 
  Repurchase agreements (5)                                       0             0    -  107,536             0 
  Term auction credit                                       403,573    -   52,226    +  303,573       403,573 
  Other loans                                               104,538    -      163    +   74,355       101,531 
    Primary credit                                           44,788    +    1,676    +   33,200        45,261 
    Secondary credit                                             40    -       21    +       40             0 
    Seasonal credit                                              1            0   -       24            1 
    Primary dealer and other broker-dealer credit (6)         5,479    -    3,735    -   13,092           700 
    Asset-Backed Commercial Paper Money Market                
      Mutual Fund Liquidity Facility                          3,362    +    2,412    +    3,362         3,699 
    Credit extended to American International                 
      Group, Inc. (7)                                        44,489    -      494    +   44,489        45,492 
    Term Asset-Backed Securities Loan Facility                6,379             0    +    6,379         6,379 
    Other credit extensions                                       0             0             0             0 
  Net portfolio holdings of Commercial Paper                  
    Funding Facility LLC (8)                                222,920    -   17,977    +  222,920       181,795 
  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)             26,484    +       39    +   26,484        26,502 
  Net portfolio holdings of Maiden Lane II LLC (11)          18,264    +       27    +   18,264        18,328 
  Net portfolio holdings of Maiden Lane III LLC (12)         27,432    +       18    +   27,432        27,449 
  Float                                                      -2,241    +      111    -      567        -2,345 
  Central bank liquidity swaps (13)                         250,215    -   36,059    +  214,215       249,513 
  Other Federal Reserve assets (14)                          59,582    +    1,924    +   15,291        60,254 
Gold stock                                                   11,041             0             0        11,041 
Special drawing rights certificate account                    2,200             0             0         2,200 
Treasury currency outstanding (15)                           42,290    +       14    +    3,555        42,290 
                                                              
Total factors supplying reserve funds                     2,143,109    -   81,528    +1,226,116     2,105,489 
 

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

 

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
Apr 29, 2009
Week ended
Apr 29, 2009
Change from week ended
Apr 22, 2009 Apr 30, 2008
                                                              
Currency in circulation (15)                                901,678    -    1,577    +   89,266       903,191 
Reverse repurchase agreements (16)                           66,196    +      430    +   26,817        67,284 
  Foreign official and international accounts                66,196    +      430    +   26,817        67,284 
  Dealers                                                         0             0             0             0 
Treasury cash holdings                                          325    -        8    +        9           311 
Deposits with F.R. Banks, other than reserve balances       291,057    +   16,810    +  277,832       269,555 
  U.S. Treasury, general account                             84,774    +   19,054    +   79,053        62,810 
  U.S. Treasury, supplementary financing account            199,929             0    +  199,929       199,929 
  Foreign official                                            1,634    -      665    +    1,534         1,967 
  Service-related                                             4,342    -       26    -    2,749         4,342 
    Required clearing balances                                4,342    -       26    -    2,749         4,342 
    Adjustments to compensate for float                           0             0             0             0 
  Other                                                         378    -    1,553    +       65           506 
Other liabilities and capital (17)                           56,502    +      394    +   13,175        56,588 
                                                              
Total factors, other than reserve balances,                                                       
   absorbing reserve funds                                1,315,757    +   16,048    +  407,099     1,296,928 
                                                              
Reserve balances with Federal Reserve Banks                 827,352    -   97,576    +  819,017       808,562 
                                                                
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 7 and the note on consolidation accompanying table 10.
9. Refer to table 8 and the note on consolidation accompanying table 10.
10. Refer to table 4 and the note on consolidation accompanying table 10.
11. Refer to table 5 and the note on consolidation accompanying table 10.
12. Refer to table 6 and the note on consolidation accompanying table 10.
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 4 through table 8 and the note on consolidation accompanying table 10.
 

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
Apr 29, 2009
Week ended
Apr 29, 2009
Change from week ended
Apr 22, 2009 Apr 30, 2008
                                                              
Marketable securities held in custody for foreign             
      official and international accounts (1)             2,650,606    +    3,064    +  387,198     2,648,356 
  U.S. Treasury securities                                1,841,167    -      303    +  511,635     1,837,101 
  Federal agency securities (2)                             809,439    +    3,367    -  124,437       811,255 
Securities lent to dealers                                   38,675    -   10,038    -  124,705        36,997 
  Overnight facility (3)                                      6,125    +    1,391    -   11,626         4,447 
  Term facility (4)                                          32,550    -   11,429    -  113,079        32,550 
 

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, April 29, 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                   106,299      297,274         ---            ---          ---         ---       403,573
Other loans (1)                        41,259        8,401            0        51,871          ---         ---       101,531
U.S. Treasury securities (2)                    
  Holdings                             15,915       27,266       65,124       216,801      118,003     105,939       549,046
  Weekly changes                   -    2,503   +    2,503   +        4    +   14,005   +       47  +       23    +   14,077
Federal agency debt securities (3)                        
  Holdings                                  0          196        3,979        47,628       15,973         382        68,158
  Weekly changes                            0            0            0    +    3,647            0           0    +    3,647
Mortgage-backed securities (4)                            
  Holdings                                  0            0            0             0            0     366,153       366,153
  Weekly changes                            0            0            0             0            0  -    1,437    -    1,437
Commercial paper held by                        
  Commercial Paper Funding                      
  Facility LLC (5)                     48,568      130,871            0           ---          ---         ---       179,438
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)      117,424      132,089            0             0            0           0       249,513
                                                
Reverse repurchase agreements (7)      67,284            0          ---           ---          ---         ---        67,284
  
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 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.
 

 

3. Supplemental Information on Mortgage-Backed Securities Purchase Program
Millions of dollars
Account name Wednesday
Apr 29, 2009
                                                                                                
Mortgage-backed securities held outright (1)                                                       366,153    
                                                                                                
Commitments to buy mortgage-backed securities (2)                                                  189,966    
Commitments to sell mortgage-backed securities (2)                                                 157,575    
                                                                                                
Cash and cash equivalents (3)                                                                          172    
 

1. 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.
2. Current face value. Generally settle within 180 days and include commitments associated with outright
transactions as well as dollar rolls.
3. This amount is included in other Federal Reserve assets in table 1 and in other assets in table 9 and table 10.
 

 

4. Information on Principal Accounts of Maiden Lane LLC
Millions of dollars
Account name Wednesday
Apr 29, 2009
                                                                                                
Net portfolio holdings of Maiden Lane LLC (1)                                                       26,502    
                                                                                                
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)                                   315    
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3)        1,207    
 
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 10.
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 9 and table 10.
 

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.
 

 

 

5. Information on Principal Accounts of Maiden Lane II LLC
Millions of dollars
Account name Wednesday
Apr 29, 2009
                                                                                                
Net portfolio holdings of Maiden Lane II LLC (1)                                                     18,328   
                                                                                                
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)            18,251   
Accrued interest payable to the Federal Reserve Bank of New York (2)                                    118   
Deferred payment and accrued interest payable to subsidiaries of American International         
  Group, Inc. (3)                                                                                     1,014   
 

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 10.
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 9 and table 10.
 

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.
 

 

6. Information on Principal Accounts of Maiden Lane III LLC
Millions of dollars
Account name Wednesday
Apr 29, 2009
                                                                                                
Net portfolio holdings of Maiden Lane III LLC (1)                                                    27,449   
                                                                                                
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)            23,542   
Accrued interest payable to the Federal Reserve Bank of New York (2)                                    161   
Outstanding principal amount and accrued interest on loan payable to American International     
  Group, Inc. (3)                                                                                     5,079   
 

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 10.
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 9 and table 10.
 

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.
 

 

7. Information on Principal Accounts of Commercial Paper Funding Facility LLC
Millions of dollars
Account name Wednesday
Apr 29, 2009
                                                                                                
Commercial paper holdings, net (1)                                                                  178,496   
Other investments, net                                                                                3,299   
Net portfolio holdings of Commercial Paper Funding Facility LLC                                     181,795   
                                                                                                
Memorandum: Commercial paper holdings, face value                                                   179,438   
                                                                                                
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)           178,385   
Accrued interest payable to the Federal Reserve Bank of New York (2)                                     53   
 

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 10.
 

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.
 

 

8. Information on Principal Accounts of LLCs Funded through the Money Market Investor Funding Facility
Millions of dollars
Account name Wednesday
Apr 29, 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 10.
 

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.
 

 

9. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of dollars
Assets, liabilities, and capital Eliminations
from
consolidation
  Change since
Wednesday
Apr 29, 2009
Wednesday
Apr 22, 2009
Wednesday
Apr 30, 2008
Assets                                                   
Gold certificate account                                           11,037                0                   0
Special drawing rights certificate account                          2,200                0                   0
Coin                                                                1,879       +        9          +      419
Securities, repurchase agreements, term auction          
      credit, and other loans                                   1,488,462       -   37,395          +  694,507
  Securities held outright                                        983,358       +   16,288          +  434,666
    U.S. Treasury securities (1)                                  549,046       +   14,077          +      354
      Bills (2)                                                    18,423                0          -   51,894
      Notes and bonds, nominal (2)                                485,057       +   14,025          +   50,740
      Notes and bonds, inflation-indexed (2)                       40,976                0          +    1,805
      Inflation compensation (3)                                    4,590       +       52          -      297
    Federal agency debt securities (2)                             68,158       +    3,647          +   68,158
    Mortgage-backed securities (4)                                366,153       -    1,437          +  366,153
  Repurchase agreements (5)                                             0                0          -  115,500
  Term auction credit                                             403,573       -   52,226          +  303,573
  Other loans                                                     101,531       -    1,457          +   71,768
Net portfolio holdings of Commercial Paper               
  Funding Facility LLC (6)                                        181,795       -   60,636          +  181,795
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)                      26,502       +       21          +   26,502
Net portfolio holdings of Maiden Lane II LLC (9)                   18,328       +       75          +   18,328
Net portfolio holdings of                                
  Maiden Lane III LLC (10)                                         27,449       +       20          +   27,449
Items in process of collection                         (419)          704       -       99          -      648
Bank premises                                                       2,204       +       13          +       46
Central bank liquidity swaps (11)                                 249,513       -   33,350          +  213,513
Other assets (12)                                                  58,075       +    1,220          +   16,543
                                                         
      Total assets                                     (419)    2,068,149       -  130,120          +1,178,456
 

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

 

9. Consolidated Statement of Condition of All Federal Reserve Banks (continued)
Millions of dollars
Assets, liabilities, and capital Eliminations
from
consolidation
  Change since
Wednesday
Apr 29, 2009
Wednesday
Apr 22, 2009
Wednesday
Apr 30, 2008
Liabilities                                              
Federal Reserve notes, net of F.R. Bank holdings                  863,086       +      126          +   85,996
Reverse repurchase agreements (13)                                 67,284       +    2,603          +   26,580
Deposits                                                 (0)    1,078,143       -  133,029          +1,052,498
  Depository institutions                                         812,930       -  102,843          +  792,631
  U.S. Treasury, general account                                   62,810       -   30,723          +   57,855
  U.S. Treasury, supplementary financing account                  199,929                0          +  199,929
  Foreign official                                                  1,967       +      373          +    1,861
  Other                                                  (0)          506       +      163          +      221
Deferred availability cash items                       (419)        3,049       -      715          -       26
Other liabilities and accrued dividends (14)                        9,709       +       16          +    6,062
                                                         
      Total liabilities                                (419)    2,021,270       -  130,999          +1,171,108
                                                         
Capital accounts                                         
Capital paid in                                                    22,983       +      372          +    3,377
Surplus                                                            21,190       +        9          +    2,714
Other capital accounts                                              2,706       +      497          +    1,257
                                                         
      Total capital                                                46,879       +      879          +    7,348
 

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 7 and the note on consolidation accompanying table 10.
7. Refer to table 8 and the note on consolidation accompanying table 10.
8. Refer to table 4 and the note on consolidation accompanying table 10.
9. Refer to table 5 and the note on consolidation accompanying table 10.
10. Refer to table 6 and the note on consolidation accompanying table 10.
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 4 through table 8 and the note on consolidation accompanying table 10.
 

 

10. Statement of Condition of Each Federal Reserve Bank, April 29, 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         412       3,895         450         467         882       1,356         911         329         197         335         621       1,182 
Special drawing rights certificate acct.       2,200         115         874          83         104         147         166         212          71          30          66          98         234 
Coin                                           1,879          70          84         159         150         252         214         233          40          65         135         180         297 
Securities, repurchase agreements, term                            
      auction credit, and other loans      1,488,462      37,389     707,861      39,516      46,339     116,361     124,268     114,453      42,480      17,287      46,664      51,841     144,002 
  Securities held outright                   983,358      18,864     384,370      15,256      38,851      35,437     118,481     106,410      38,524      16,280      44,388      47,547     118,950 
    U.S. Treasury securities (1)             549,046      10,532     214,609       8,518      21,692      19,786      66,152      59,413      21,510       9,090      24,783      26,547      66,414 
      Bills (2)                               18,423         353       7,201         286         728         664       2,220       1,994         722         305         832         891       2,228 
      Notes and bonds (3)                    530,624      10,179     207,408       8,232      20,964      19,122      63,933      57,419      20,788       8,785      23,952      25,656      64,186 
    Federal agency debt securities (2)        68,158       1,307      26,641       1,057       2,693       2,456       8,212       7,375       2,670       1,128       3,077       3,296       8,245 
    Mortgage-backed securities (4)           366,153       7,024     143,120       5,681      14,466      13,195      44,116      39,622      14,344       6,062      16,528      17,704      44,291 
  Repurchase agreements (5)                        0           0           0           0           0           0           0           0           0           0           0           0           0 
  Term auction credit                        403,573      14,622     231,813      24,056       7,488      80,031       5,523       5,969       3,764         738       2,260       3,988      23,323 
  Other loans                                101,531       3,904      91,678         205           0         893         264       2,074         192         269          17         306       1,729 
Net portfolio holdings of Commercial                               
  Paper Funding Facility LLC (6)             181,795           0     181,795           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)                                     26,502           0      26,502           0           0           0           0           0           0           0           0           0           0 
Net portfolio holdings of Maiden                                   
  Lane II LLC (9)                             18,328           0      18,328           0           0           0           0           0           0           0           0           0           0 
Net portfolio holdings of Maiden                                   
  Lane III LLC (10)                           27,449           0      27,449           0           0           0           0           0           0           0           0           0           0 
Items in process of collection                 1,123          29           0         152         146          63         310          65          54          57          24          85         136 
Bank premises                                  2,204         122         222          67         147         234         222         209         134         112         272         249         213 
Central bank liquidity swaps (11)            249,513      10,261      61,512      28,137      18,864      72,682      19,588       8,550       2,548       3,942       2,527       3,293      17,608 
Other assets (12)                             58,075       1,647      19,663       3,230       3,107       8,205       5,886       4,389       1,570         948       1,762       1,959       5,710 
Interdistrict settlement account                   0   +  31,297   -  22,094   -  11,956   -   3,638   +  31,064   -   1,530   -  26,212   -  12,735   -     854   -   4,124   +     996   +  19,786 
                                                                   
      Total assets                         2,068,568      81,343   1,026,093      59,837      65,686     229,890     150,480     102,810      34,491      21,785      47,663      59,323     189,168 
 

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

 

10. Statement of Condition of Each Federal Reserve Bank, April 29, 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           1,049,016      36,901     372,570      40,006      45,254      78,577     134,024      87,420      30,948      20,057      29,009      63,266     110,984 
  Less: Notes held by F.R. Banks              185,929       4,939      59,699       4,940       7,608      12,458      28,905      12,950       3,986       2,981       3,432      18,807      25,224 
    Federal Reserve notes, net                863,086      31,961     312,871      35,066      37,646      66,119     105,119      74,471      26,962      17,076      25,577      44,459      85,761 
Reverse repurchase agreements (13)             67,284       1,291      26,300       1,044       2,658       2,425       8,107       7,281       2,636       1,114       3,037       3,253       8,139 
Deposits                                    1,078,143      46,009     666,451      18,110      21,519     147,949      33,120      18,716       4,176       2,102      18,326      10,609      91,056 
  Depository institutions                     812,930      45,991     401,472      18,105      21,515     147,758      33,117      18,714       4,171       2,101      18,324      10,608      91,053 
  U.S. Treasury, general account               62,810           0      62,810           0           0           0           0           0           0           0           0           0           0 
  U.S. Treasury, supplementary                                      
    financing account                         199,929           0     199,929           0           0           0           0           0           0           0           0           0           0 
  Foreign official                              1,967           2       1,938           4           3          11           3           1           0           1           0           1           3 
  Other                                           506          17         301           0           1         180           0           1           5           0           1           0           0 
Deferred availability cash items                3,468          94           0         629         429         119         292         360          78         469         139         218         640 
Other liabilities and accrued                                                 
  dividends (14)                                9,709         135       7,085         169         198         463         407         321         159         110         136         184         342 
                                                                    
      Total liabilities                     2,021,689      79,490   1,012,707      55,017      62,451     217,075     147,046     101,149      34,010      20,870      47,215      58,723     185,938 
                                                                    
Capital                                                             
Capital paid in                                22,983         912       6,364       2,379       1,589       6,503       1,663         795         240         487         208         279       1,566 
Surplus                                        21,190         844       5,720       2,316       1,552       5,981       1,612         704         210         324         208         271       1,449 
Other capital                                   2,706          97       1,302         125          95         331         159         163          32         104          32          50         215 
                                                                    
      Total liabilities and capital         2,068,568      81,343   1,026,093      59,837      65,686     229,890     150,480     102,810      34,491      21,785      47,663      59,323     189,168 
                              
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.
 

 

10. Statement of Condition of Each Federal Reserve Bank, April 29, 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 7 and the note on consolidation below.
7. Refer to table 8 and the note on consolidation below.
8. Refer to table 4 and the note on consolidation below.
9. Refer to table 5 and the note on consolidation below.
10. Refer to table 6 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 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 4 through
table 8 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 9), 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 9).
 

 

11. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts
Millions of dollars
Federal Reserve notes and collateral Wednesday
Apr 29, 2009
                                                                                            
Federal Reserve notes outstanding                                                              1,049,016 
  Less: Notes held by F.R. Banks not subject to collateralization                                185,929 
    Federal Reserve notes to be collateralized                                                   863,086 
Collateral held against Federal Reserve notes                                                    863,086 
  Gold certificate account                                                                        11,037 
  Special drawing rights certificate account                                                       2,200 
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                       849,850 
  Other assets pledged                                                                                 0 
                                                                                            
Memo:                                                                                       
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                           983,358 
  Less: Face value of securities under reverse repurchase agreements                              64,738 
    U.S. Treasury, agency debt, and mortgage-backed securities                              
    eligible to be pledged                                                                       918,620 
   
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.
2. Includes securities lent to dealers under the overnight and term securities lending facilities; refer
to table 1A.

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