For release at 4:30 p.m. EDT July 30, 2009 The Board's H.4.1 statistical release, "Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks," has been modified to incorporate a loan restructuring adjustment associated with the credit extended to American International Group, Inc. (AIG). In addition, the release incorporates updated valuations of the portfolio holdings of Maiden Lane LLC, Maiden Lane II LLC, and Maiden Lane III LLC (collectively, LLCs), which are updated quarterly. Consistent with U.S. generally accepted accounting principles (GAAP), the reported value of the AIG revolving credit extension has been reduced by a $1.3 billion adjustment for loan restructuring. This adjustment is related to the most recent loan modification, announced on March 2, 2009, which eliminated the existing floor on the LIBOR rate. In accordance with GAAP, this restructuring adjustment is intended to recognize the economic effect of the reduced interest rate and will be recovered as the adjustment is amortized over the remaining term of the credit extension. The Federal Reserve expects that the credit extension, including interest and commitment fees under the modified terms, will be fully repaid. The credit extended to AIG is listed in table 1 and has been renamed "Credit extended to American International Group, Inc., net," and footnote 7, which is related to the credit extension, clarifies that the loan is reported net of the unamortized commitment fees and is now reported net of the adjustment for loan restructuring. The credit extension is included in other loans in table 2, table 9, and table 10. The weekly average net portfolio holdings of the LLCs, shown in table 1, reflect holdings from Thursday, July 23, 2009, through Wednesday, July 29, 2009. The holdings for the first six days of this reporting week are based on values as of the previous valuation dates for the LLCs. The holdings for the final day of the reporting week are based on values as of June 30, 2009. The fair value of the net portfolio holdings is updated quarterly. The weekly average balance of the AIG credit extension, shown on table 1, reflects the value before recording the restructuring adjustment for the first six days and the value after recording the restructuring adjustment for the final day of the reporting week. FEDERAL RESERVE statistical release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks July 30, 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 29, 2009 Jul 22, 2009 Jul 30, 2008 Jul 29, 2009 Reserve Bank credit 2,010,048 - 611 +1,115,620 1,985,307 Securities held outright (1) 1,343,891 + 17,940 + 864,717 1,344,561 U.S. Treasury securities 695,318 + 8,842 + 216,144 695,758 Bills (2) 18,423 0 - 3,317 18,423 Notes and bonds, nominal (2) 627,146 + 8,571 + 214,754 627,575 Notes and bonds, inflation-indexed (2) 44,438 + 215 + 5,267 44,438 Inflation compensation (3) 5,311 + 56 - 560 5,323 Federal agency debt securities (2) 104,066 + 1,945 + 104,066 105,915 Mortgage-backed securities (4) 544,507 + 7,153 + 544,507 542,888 Repurchase agreements (5) 0 0 - 113,714 0 Term auction credit 237,629 - 5 + 87,629 237,621 Other loans 108,531 - 2,109 + 90,887 109,888 Primary credit 33,803 + 55 + 16,351 36,370 Secondary credit 105 + 74 + 16 0 Seasonal credit 88 - 1 - 13 94 Primary dealer and other broker-dealer credit (6) 0 0 - 3 0 Asset-Backed Commercial Paper Money Market Mutual Fund Liquidity Facility 1,073 - 2,487 + 1,073 806 Credit extended to American International Group, Inc., net (7) 43,054 - 78 + 43,054 42,196 Term Asset-Backed Securities Loan Facility 30,408 + 328 + 30,408 30,422 Other credit extensions 0 0 0 0 Net portfolio holdings of Commercial Paper Funding Facility LLC (8) 94,414 - 16,087 + 94,414 67,300 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) 26,029 + 40 - 3,036 25,870 Net portfolio holdings of Maiden Lane II LLC (11) 15,672 - 83 + 15,672 15,144 Net portfolio holdings of Maiden Lane III LLC (12) 19,166 + 349 + 19,166 21,137 Float -1,778 + 280 - 457 -2,372 Central bank liquidity swaps (13) 87,738 - 2,126 + 25,738 87,738 Other Federal Reserve assets (14) 78,756 + 1,191 + 34,604 78,420 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding (15) 42,487 + 14 + 3,811 42,487 Total factors supplying reserve funds 2,065,776 - 597 +1,119,431 2,041,035 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 29, 2009 Jul 22, 2009 Jul 30, 2008 Jul 29, 2009 Currency in circulation (15) 908,661 - 83 + 78,102 910,869 Reverse repurchase agreements (16) 66,206 - 1,599 + 22,670 66,010 Foreign official and international accounts 66,206 - 1,599 + 22,670 66,010 Dealers 0 0 0 0 Treasury cash holdings 332 - 15 + 19 302 Deposits with F.R. Banks, other than reserve balances 268,912 - 11,724 + 256,142 265,601 U.S. Treasury, general account 61,406 - 11,782 + 56,312 57,825 U.S. Treasury, supplementary financing account 199,936 0 + 199,936 199,936 Foreign official 2,032 + 296 + 1,931 2,178 Service-related 5,152 - 12 - 2,101 5,152 Required clearing balances 5,152 0 - 2,101 5,152 Adjustments to compensate for float 0 - 12 0 0 Other 386 - 226 + 64 511 Other liabilities and capital (17) 57,045 + 434 + 13,166 56,293 Total factors, other than reserve balances, absorbing reserve funds 1,301,156 - 12,988 + 370,099 1,299,075 Reserve balances with Federal Reserve Banks 764,620 + 12,391 + 749,332 741,959 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. Includes outstanding principal and capitalized interest net of unamortized deferred commitment fees and allowance for loan restructuring. 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 29, 2009 Jul 22, 2009 Jul 30, 2008 Jul 29, 2009 Marketable securities held in custody for foreign official and international accounts (1) 2,793,163 + 6,232 + 425,489 2,793,528 U.S. Treasury securities 2,001,173 + 5,378 + 616,755 2,002,283 Federal agency securities (2) 791,990 + 853 - 191,266 791,245 Securities lent to dealers 10,919 - 543 - 115,734 11,411 Overnight facility (3) 8,219 - 321 + 3,343 8,711 U.S. Treasury securities 8,038 - 317 + 3,162 8,526 Federal agency debt securities 181 - 4 + 181 185 Term facility (4) 2,700 - 221 - 119,077 2,700 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. U.S. Treasury securities only. 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 29, 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 141,831 95,790 --- --- --- --- 237,621 Other loans (1) 24,550 12,720 0 72,618 0 --- 109,888 U.S. Treasury securities (2) Holdings 18,885 20,024 63,997 277,385 183,950 131,517 695,758 Weekly changes + 3,867 - 3,867 + 3 + 9 + 7 + 3,013 + 3,032 Federal agency debt securities (3) Holdings 0 750 12,751 69,884 21,203 1,327 105,915 Weekly changes 0 0 0 + 3,235 0 0 + 3,235 Mortgage-backed securities (4) Holdings 0 0 0 0 0 542,888 542,888 Weekly changes 0 0 0 0 0 - 2,578 - 2,578 Commercial paper held by Commercial Paper Funding Facility LLC (5) 14,261 48,946 0 --- --- --- 63,206 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) 70,530 17,208 0 0 0 0 87,738 Reverse repurchase agreements (7) 66,010 0 --- --- --- --- 66,010 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 29, 2009 Mortgage-backed securities held outright (1) 542,888 Commitments to buy mortgage-backed securities (2) 154,270 Commitments to sell mortgage-backed securities (2) 19,180 Cash and cash equivalents (3) 7 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 29, 2009 Net portfolio holdings of Maiden Lane LLC (1) 25,870 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) 351 Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3) 1,222 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 June 30, 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 29, 2009 Net portfolio holdings of Maiden Lane II LLC (1) 15,144 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 17,232 Accrued interest payable to the Federal Reserve Bank of New York (2) 177 Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc. (3) 1,022 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 June 30, 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 29, 2009 Net portfolio holdings of Maiden Lane III LLC (1) 21,137 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 20,757 Accrued interest payable to the Federal Reserve Bank of New York (2) 237 Outstanding principal amount and accrued interest on loan payable to American International Group, Inc. (3) 5,122 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 June 30, 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 29, 2009 Commercial paper holdings, net (1) 62,911 Other investments, net 4,390 Net portfolio holdings of Commercial Paper Funding Facility LLC 67,300 Memorandum: Commercial paper holdings, face value 63,206 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 62,783 Accrued interest payable to the Federal Reserve Bank of New York (2) 15 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 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 Eliminations Change since from Wednesday Wednesday Wednesday Assets, liabilities, and capital consolidation Jul 29, 2009 Jul 22, 2009 Jul 30, 2008 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 2,200 0 0 Coin 1,895 + 57 + 509 Securities, repurchase agreements, term auction credit, and other loans 1,692,070 + 4,427 + 922,237 Securities held outright (1) 1,344,561 + 3,690 + 865,355 U.S. Treasury securities 695,758 + 3,032 + 216,552 Bills (2) 18,423 0 - 3,317 Notes and bonds, nominal (2) 627,575 + 3,000 + 215,183 Notes and bonds, inflation-indexed (2) 44,438 0 + 5,267 Inflation compensation (3) 5,323 + 32 - 580 Federal agency debt securities (2) 105,915 + 3,235 + 105,915 Mortgage-backed securities (4) 542,888 - 2,578 + 542,888 Repurchase agreements (5) 0 0 - 123,250 Term auction credit 237,621 - 13 + 87,621 Other loans 109,888 + 751 + 92,511 Net portfolio holdings of Commercial Paper Funding Facility LLC (6) 67,300 - 42,546 + 67,300 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) 25,870 - 186 - 3,229 Net portfolio holdings of Maiden Lane II LLC (9) 15,144 - 616 + 15,144 Net portfolio holdings of Maiden Lane III LLC (10) 21,137 + 2,300 + 21,137 Items in process of collection (419) 230 - 208 - 575 Bank premises 2,215 + 4 + 54 Central bank liquidity swaps (11) 87,738 - 1,844 + 25,738 Other assets (12) 76,218 + 185 + 34,747 Total assets (419) 2,003,053 - 38,428 +1,083,061 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 29, 2009 Jul 22, 2009 Jul 30, 2008 Liabilities Federal Reserve notes, net of F.R. Bank holdings 870,575 + 1,347 + 75,012 Reverse repurchase agreements (13) 66,010 - 823 + 21,547 Deposits (0) 1,007,573 - 38,746 + 974,156 Depository institutions 747,124 - 34,265 + 718,412 U.S. Treasury, general account 57,825 - 3,776 + 53,554 U.S. Treasury, supplementary financing account 199,936 0 + 199,936 Foreign official 2,178 + 294 + 2,077 Other (0) 511 - 998 + 178 Deferred availability cash items (419) 2,602 + 115 - 134 Other liabilities and accrued dividends (14) 6,725 + 248 + 3,294 Total liabilities (419) 1,953,486 - 37,858 +1,073,877 Capital accounts Capital paid in 24,522 + 6 + 4,585 Surplus 21,297 + 8 + 2,796 Other capital accounts 3,749 - 582 + 1,803 Total capital 49,567 - 570 + 9,184 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 29, 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 1,895 63 75 158 157 244 229 232 42 61 134 195 305 Securities, repurchase agreements, term auction credit, and other loans 1,692,070 37,096 810,631 28,941 59,886 52,295 165,467 150,333 55,043 22,829 62,763 67,235 179,550 Securities held outright (1) 1,344,561 25,793 525,556 20,860 53,121 48,454 162,001 145,496 52,675 22,260 60,692 65,011 162,642 U.S. Treasury securities 695,758 13,347 271,955 10,794 27,488 25,073 83,829 75,289 27,257 11,519 31,406 33,641 84,161 Bills (2) 18,423 353 7,201 286 728 664 2,220 1,994 722 305 832 891 2,228 Notes and bonds (3) 677,335 12,993 264,754 10,508 26,760 24,409 81,610 73,295 26,535 11,214 30,574 32,750 81,933 Federal agency debt securities (2) 105,915 2,032 41,400 1,643 4,184 3,817 12,761 11,461 4,149 1,753 4,781 5,121 12,812 Mortgage-backed securities (4) 542,888 10,414 212,201 8,422 21,448 19,564 65,410 58,746 21,268 8,988 24,505 26,249 65,669 Repurchase agreements (5) 0 0 0 0 0 0 0 0 0 0 0 0 0 Term auction credit 237,621 10,317 179,566 8,027 6,765 3,399 3,245 3,575 2,260 378 2,063 2,211 15,816 Other loans 109,888 986 105,510 55 0 442 221 1,262 109 192 7 12 1,092 Net portfolio holdings of Commercial Paper Funding Facility LLC (6) 67,300 0 67,300 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) 25,870 0 25,870 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of Maiden Lane II LLC (9) 15,144 0 15,144 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of Maiden Lane III LLC (10) 21,137 0 21,137 0 0 0 0 0 0 0 0 0 0 Items in process of collection 649 36 -1 86 3 43 185 65 51 43 41 50 46 Bank premises 2,215 121 231 68 147 238 222 209 135 112 270 248 213 Central bank liquidity swaps (11) 87,738 3,538 22,918 9,701 6,504 25,060 6,754 2,948 879 1,359 871 1,135 6,071 Other assets (12) 76,218 2,014 26,633 3,583 3,856 9,028 8,047 6,303 2,260 1,254 2,555 2,808 7,878 Interdistrict settlement account 0 + 12,861 - 9,878 + 12,377 - 5,226 + 162,309 - 34,086 - 52,449 - 23,671 - 3,546 - 21,947 - 6,569 - 30,176 Total assets 2,003,472 56,255 984,829 55,448 65,898 250,245 148,340 108,763 35,140 22,339 45,088 65,823 165,304 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 29, 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 1,056,278 35,786 381,682 39,914 45,094 83,301 132,148 86,245 31,000 19,808 28,977 62,264 110,059 Less: Notes held by F.R. Banks 185,703 4,931 56,918 6,891 8,304 12,872 26,920 13,513 4,357 3,302 3,459 18,380 25,855 Federal Reserve notes, net 870,575 30,855 324,763 33,023 36,790 70,429 105,228 72,732 26,643 16,505 25,518 43,884 84,203 Reverse repurchase agreements (13) 66,010 1,266 25,802 1,024 2,608 2,379 7,953 7,143 2,586 1,093 2,980 3,192 7,985 Deposits 1,007,573 22,052 615,706 15,745 22,650 163,441 31,059 26,505 5,097 3,079 15,787 17,622 68,830 Depository institutions 747,124 22,047 355,528 15,741 22,646 163,220 31,049 26,501 5,082 3,078 15,786 17,621 68,825 U.S. Treasury, general account 57,825 0 57,825 0 0 0 0 0 0 0 0 0 0 U.S. Treasury, supplementary financing account 199,936 0 199,936 0 0 0 0 0 0 0 0 0 0 Foreign official 2,178 2 2,148 4 3 11 3 1 0 1 0 1 3 Other 511 3 269 0 1 210 7 3 15 0 1 0 2 Deferred availability cash items 3,021 97 0 387 351 118 340 284 112 320 167 307 538 Other liabilities and accrued dividends (14) 6,725 141 3,651 150 220 431 509 431 198 121 184 234 456 Total liabilities 1,953,905 54,411 969,921 50,329 62,619 236,798 145,089 107,096 34,636 21,117 44,636 65,239 162,013 Capital Capital paid in 24,522 921 7,247 2,607 1,635 6,809 1,562 793 238 621 208 274 1,607 Surplus 21,297 844 5,827 2,316 1,552 5,981 1,612 704 209 324 208 271 1,449 Other capital 3,749 79 1,834 196 92 657 77 170 57 277 36 39 235 Total liabilities and capital 2,003,472 56,255 984,829 55,448 65,898 250,245 148,340 108,763 35,140 22,339 45,088 65,823 165,304 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 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 Jul 29, 2009 Federal Reserve notes outstanding 1,056,278 Less: Notes held by F.R. Banks not subject to collateralization 185,703 Federal Reserve notes to be collateralized 870,575 Collateral held against Federal Reserve notes 870,575 Gold certificate account 11,037 Special drawing rights certificate account 2,200 U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 857,338 Other assets pledged 0 Memo: Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 1,344,561 Less: Face value of securities under reverse repurchase agreements 65,656 U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 1,278,905 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.