FEDERAL RESERVE statistical release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks July 2, 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 Jul 1, 2009 Jun 24, 2009 Jul 2, 2008 Jul 1, 2009 Reserve Bank credit 1,986,952 - 9,645 +1,097,897 1,989,149 Securities held outright 1,216,327 + 9,272 + 737,489 1,223,742 U.S. Treasury securities (1) 656,995 + 9,167 + 178,157 663,470 Bills (2) 18,423 0 - 3,317 18,423 Notes and bonds, nominal (2) 590,748 + 9,140 + 178,356 597,212 Notes and bonds, inflation-indexed (2) 42,803 0 + 3,632 42,803 Inflation compensation (3) 5,022 + 28 - 513 5,032 Federal agency debt securities (2) 96,798 + 4,685 + 96,798 97,828 Mortgage-backed securities (4) 462,534 - 4,580 + 462,534 462,444 Repurchase agreements (5) 0 0 - 110,250 0 Term auction credit 282,808 0 + 132,808 282,808 Other loans 118,875 - 4,828 + 102,095 119,070 Primary credit 35,910 - 3,185 + 21,049 35,708 Secondary credit 3 - 81 - 83 3 Seasonal credit 63 + 24 - 32 74 Primary dealer and other broker-dealer credit (6) 0 0 - 1,738 0 Asset-Backed Commercial Paper Money Market Mutual Fund Liquidity Facility 14,922 - 1,770 + 14,922 14,807 Credit extended to American International Group, Inc. (7) 42,834 + 238 + 42,834 43,458 Term Asset-Backed Securities Loan Facility 25,143 - 54 + 25,143 25,021 Other credit extensions 0 0 0 0 Net portfolio holdings of Commercial Paper Funding Facility LLC (8) 119,669 - 8,404 + 119,669 114,693 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) 25,896 + 20 - 3,920 25,925 Net portfolio holdings of Maiden Lane II LLC (11) 15,989 + 34 + 15,989 16,061 Net portfolio holdings of Maiden Lane III LLC (12) 20,162 + 18 + 20,162 20,172 Float -1,989 - 221 - 470 -2,436 Central bank liquidity swaps (13) 115,299 - 6,291 + 53,299 114,585 Other Federal Reserve assets (14) 73,917 + 756 + 31,026 74,530 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding (15) 42,431 + 14 + 3,754 42,431 Total factors supplying reserve funds 2,042,624 - 9,631 +1,101,651 2,044,821 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 Averages of daily figures reserve balances of depository institutions at Week ended Change from week ended Wednesday Federal Reserve Banks Jul 1, 2009 Jun 24, 2009 Jul 2, 2008 Jul 1, 2009 Currency in circulation (15) 907,940 + 1,340 + 81,366 911,609 Reverse repurchase agreements (16) 70,890 - 923 + 28,713 72,256 Foreign official and international accounts 70,890 - 923 + 28,713 72,256 Dealers 0 0 0 0 Treasury cash holdings 321 + 7 + 43 339 Deposits with F.R. Banks, other than reserve balances 282,070 - 44,377 + 269,591 284,198 U.S. Treasury, general account 71,990 - 46,681 + 66,948 78,142 U.S. Treasury, supplementary financing account 199,939 0 + 199,939 199,939 Foreign official 1,979 - 486 + 1,850 1,473 Service-related 4,189 - 4 - 2,863 4,189 Required clearing balances 4,189 - 4 - 2,863 4,189 Adjustments to compensate for float 0 0 0 0 Other 3,973 + 2,793 + 3,717 454 Other liabilities and capital (17) 54,601 + 148 + 9,099 54,375 Total factors, other than reserve balances, absorbing reserve funds 1,315,822 - 43,804 + 388,812 1,322,778 Reserve balances with Federal Reserve Banks 726,802 + 34,173 + 712,839 722,043 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 Averages of daily figures Memorandum item Week ended Change from week ended Wednesday Jul 1, 2009 Jun 24, 2009 Jul 2, 2008 Jul 1, 2009 Marketable securities held in custody for foreign official and international accounts (1) 2,766,155 + 2,122 + 420,502 2,781,790 U.S. Treasury securities 1,960,228 + 3,582 + 586,458 1,976,501 Federal agency securities (2) 805,928 - 1,459 - 165,954 805,290 Securities lent to dealers 18,478 - 4,245 - 99,004 13,691 Overnight facility (3) 11,728 - 2,959 - 1,510 6,941 Term facility (4) 6,750 - 1,286 - 97,494 6,750 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, July 1, 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 179,268 103,540 --- --- --- --- 282,808 Other loans (1) 33,330 17,182 79 68,479 0 --- 119,070 U.S. Treasury securities (2) Holdings 17,239 20,311 64,426 261,730 174,540 125,225 663,470 Weekly changes + 2,081 - 5,101 + 3,220 - 973 + 7,790 + 3,261 + 10,277 Federal agency debt securities (3) Holdings 0 946 7,370 67,348 20,952 1,212 97,828 Weekly changes 0 0 + 852 - 852 + 806 + 396 + 1,202 Mortgage-backed securities (4) Holdings 0 0 0 0 0 462,444 462,444 Weekly changes 0 0 0 0 0 - 4,782 - 4,782 Commercial paper held by Commercial Paper Funding Facility LLC (5) 4,983 106,143 0 --- --- --- 111,126 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) 76,856 37,729 0 0 0 0 114,585 Reverse repurchase agreements (7) 72,256 0 --- --- --- --- 72,256 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 Wednesday Account name Jul 1, 2009 Mortgage-backed securities held outright (1) 462,444 Commitments to buy mortgage-backed securities (2) 193,379 Commitments to sell mortgage-backed securities (2) 53,744 Cash and cash equivalents (3) 293 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 Wednesday Account name Jul 1, 2009 Net portfolio holdings of Maiden Lane LLC (1) 25,925 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) 340 Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3) 1,217 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 March 31, 2009. 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 Wednesday Account name Jul 1, 2009 Net portfolio holdings of Maiden Lane II LLC (1) 16,061 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 17,553 Accrued interest payable to the Federal Reserve Bank of New York (2) 160 Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc. (3) 1,020 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 March 31, 2009. 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 Wednesday Account name Jul 1, 2009 Net portfolio holdings of Maiden Lane III LLC (1) 20,172 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 22,400 Accrued interest payable to the Federal Reserve Bank of New York (2) 215 Outstanding principal amount and accrued interest on loan payable to American International Group, Inc. (3) 5,109 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 March 31, 2009. 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 Wednesday Account name Jul 1, 2009 Commercial paper holdings, net (1) 110,739 Other investments, net 3,954 Net portfolio holdings of Commercial Paper Funding Facility LLC 114,693 Memorandum: Commercial paper holdings, face value 111,126 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 110,449 Accrued interest payable to the Federal Reserve Bank of New York (2) 44 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 Wednesday Account name Jul 1, 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 Eliminations Change since from Wednesday Wednesday Wednesday Assets, liabilities, and capital consolidation Jul 1, 2009 Jun 24, 2009 Jul 2, 2008 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 2,200 0 0 Coin 1,778 - 1 + 461 Securities, repurchase agreements, term auction credit, and other loans 1,625,620 - 6,891 + 870,835 Securities held outright 1,223,742 + 6,698 + 744,876 U.S. Treasury securities (1) 663,470 + 10,277 + 184,604 Bills (2) 18,423 0 - 3,317 Notes and bonds, nominal (2) 597,212 + 10,249 + 184,820 Notes and bonds, inflation-indexed (2) 42,803 0 + 3,632 Inflation compensation (3) 5,032 + 28 - 531 Federal agency debt securities (2) 97,828 + 1,202 + 97,828 Mortgage-backed securities (4) 462,444 - 4,782 + 462,444 Repurchase agreements (5) 0 0 - 113,000 Term auction credit 282,808 0 + 132,808 Other loans 119,070 - 13,589 + 106,150 Net portfolio holdings of Commercial Paper Funding Facility LLC (6) 114,693 - 9,339 + 114,693 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) 25,925 + 40 - 2,968 Net portfolio holdings of Maiden Lane II LLC (9) 16,061 + 100 + 16,061 Net portfolio holdings of Maiden Lane III LLC (10) 20,172 + 13 + 20,172 Items in process of collection (593) 776 + 297 - 458 Bank premises 2,196 - 6 + 42 Central bank liquidity swaps (11) 114,585 - 4,845 + 52,585 Other assets (12) 72,362 + 709 + 31,601 Total assets (593) 2,007,404 - 19,923 +1,103,023 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 Eliminations Change since from Wednesday Wednesday Wednesday Assets, liabilities, and capital consolidation Jul 1, 2009 Jun 24, 2009 Jul 2, 2008 Liabilities Federal Reserve notes, net of F.R. Bank holdings 871,291 + 4,018 + 76,196 Reverse repurchase agreements (13) 72,256 + 315 + 31,165 Deposits (0) 1,006,269 - 24,998 + 985,539 Depository institutions 726,260 - 18,913 + 710,028 U.S. Treasury, general account 78,142 - 705 + 74,003 U.S. Treasury, supplementary financing account 199,939 0 + 199,939 Foreign official 1,473 - 739 + 1,364 Other (0) 454 - 4,642 + 203 Deferred availability cash items (593) 3,212 + 655 - 181 Other liabilities and accrued dividends (14) 5,774 - 621 + 2,583 Total liabilities (593) 1,958,802 - 20,629 +1,095,303 Capital accounts Capital paid in 24,497 + 249 + 4,621 Surplus 21,264 + 8 + 2,771 Other capital accounts 2,840 + 448 + 328 Total capital 48,601 + 705 + 7,719 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, July 1, 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 11,037 412 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 1,778 61 70 149 141 234 209 219 38 59 128 182 287 Securities, repurchase agreements, term auction credit, and other loans 1,625,620 49,756 770,513 38,182 55,124 64,007 153,586 137,637 51,334 20,890 57,306 62,295 164,991 Securities held outright 1,223,742 23,475 478,331 18,985 48,348 44,100 147,444 132,422 47,942 20,260 55,239 59,170 148,028 U.S. Treasury securities (1) 663,470 12,727 259,334 10,293 26,212 23,909 79,939 71,795 25,992 10,984 29,948 32,080 80,256 Bills (2) 18,423 353 7,201 286 728 664 2,220 1,994 722 305 832 891 2,228 Notes and bonds (3) 645,047 12,374 252,133 10,007 25,485 23,246 77,719 69,801 25,270 10,679 29,117 31,189 78,027 Federal agency debt securities (2) 97,828 1,877 38,239 1,518 3,865 3,525 11,787 10,586 3,833 1,620 4,416 4,730 11,834 Mortgage-backed securities (4) 462,444 8,871 180,758 7,174 18,270 16,665 55,718 50,041 18,117 7,656 20,874 22,360 55,939 Repurchase agreements (5) 0 0 0 0 0 0 0 0 0 0 0 0 0 Term auction credit 282,808 11,340 191,878 18,878 6,683 19,550 5,935 3,725 3,241 398 2,053 3,106 16,021 Other loans 119,070 14,940 100,305 318 94 356 207 1,489 152 232 14 20 943 Net portfolio holdings of Commercial Paper Funding Facility LLC (6) 114,693 0 114,693 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) 25,925 0 25,925 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of Maiden Lane II LLC (9) 16,061 0 16,061 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of Maiden Lane III LLC (10) 20,172 0 20,172 0 0 0 0 0 0 0 0 0 0 Items in process of collection 1,369 48 0 267 116 63 108 83 194 53 73 287 76 Bank premises 2,196 121 219 67 147 237 222 207 134 112 270 248 213 Central bank liquidity swaps (11) 114,585 4,723 28,049 12,951 8,683 33,455 9,016 3,935 1,173 1,815 1,163 1,516 8,105 Other assets (12) 72,362 1,949 25,005 3,604 3,696 8,900 7,598 5,897 2,110 1,188 2,385 2,624 7,404 Interdistrict settlement account 0 + 7,769 - 23,269 - 20 + 3,245 + 129,868 - 29,473 - 36,563 - 19,862 - 1,753 - 9,612 - 3,395 - 16,935 Total assets 2,007,997 64,954 982,207 55,733 71,724 237,793 142,789 112,537 35,522 22,590 52,116 64,476 165,557 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, July 1, 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 1,053,170 36,122 379,716 39,904 44,976 81,997 132,608 86,817 31,005 19,854 28,567 62,274 109,329 Less: Notes held by F.R. Banks 181,878 4,688 56,783 6,261 8,083 12,090 27,674 12,706 4,064 2,940 3,277 18,938 24,375 Federal Reserve notes, net 871,291 31,433 322,933 33,643 36,893 69,908 104,935 74,111 26,942 16,914 25,290 43,337 84,954 Reverse repurchase agreements (13) 72,256 1,386 28,243 1,121 2,855 2,604 8,706 7,819 2,831 1,196 3,262 3,494 8,740 Deposits 1,006,269 30,043 613,687 15,157 28,099 151,396 25,141 28,254 4,840 2,867 22,720 16,522 67,544 Depository institutions 726,260 30,025 333,833 15,153 28,096 151,292 25,131 28,251 4,833 2,866 22,719 16,521 67,541 U.S. Treasury, general account 78,142 0 78,142 0 0 0 0 0 0 0 0 0 0 U.S. Treasury, supplementary financing account 199,939 0 199,939 0 0 0 0 0 0 0 0 0 0 Foreign official 1,473 2 1,444 4 3 11 3 1 0 1 0 1 3 Other 454 16 328 0 0 93 7 2 7 0 1 0 0 Deferred availability cash items 3,805 113 1 603 428 135 324 345 232 324 251 351 698 Other liabilities and accrued dividends (14) 5,774 123 3,261 133 182 362 400 344 172 102 145 193 357 Total liabilities 1,959,395 63,098 968,125 50,657 68,458 224,405 139,505 110,872 35,016 21,404 51,667 63,896 162,292 Capital Capital paid in 24,497 920 7,247 2,607 1,620 6,808 1,559 791 238 633 207 273 1,592 Surplus 21,264 844 5,794 2,316 1,552 5,981 1,612 704 209 324 208 271 1,449 Other capital 2,840 91 1,040 153 94 598 113 170 59 228 33 36 223 Total liabilities and capital 2,007,997 64,954 982,207 55,733 71,724 237,793 142,789 112,537 35,522 22,590 52,116 64,476 165,557 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, July 1, 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 Jul 1, 2009 Federal Reserve notes outstanding 1,053,170 Less: Notes held by F.R. Banks not subject to collateralization 181,878 Federal Reserve notes to be collateralized 871,291 Collateral held against Federal Reserve notes 871,291 Gold certificate account 11,037 Special drawing rights certificate account 2,200 U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 858,054 Other assets pledged 0 Memo: Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 1,223,742 Less: Face value of securities under reverse repurchase agreements 71,653 U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 1,152,089 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.