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Release Date:  September 03, 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
September 3, 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
Sep 2, 2009
Week ended
Sep 2, 2009
Change from week ended
Aug 26, 2009 Sep 3, 2008
                                                              
Reserve Bank credit                                       2,063,305    +   14,442    +1,168,894     2,068,702 
  Securities held outright (1)                            1,490,628    +   11,686    +1,010,927     1,497,431 
    U.S. Treasury securities                                748,031    +    7,543    +  268,330       752,841 
      Bills (2)                                              18,423             0    -    3,317        18,423 
      Notes and bonds, nominal (2)                          679,275    +    7,453    +  267,544       684,075 
      Notes and bonds, inflation-indexed (2)                 44,588             0    +    4,756        44,588 
      Inflation compensation (3)                              5,746    +       90    -      652         5,755 
    Federal agency debt securities (2)                      118,226    +    4,037    +  118,226       119,337 
    Mortgage-backed securities (4)                          624,371    +      107    +  624,371       625,253 
  Repurchase agreements (5)                                       0             0    -  115,893             0 
  Term auction credit                                       212,110    -    8,971    +   62,110       212,110 
  Other loans                                               109,216    +    3,228    +   90,146       108,562 
    Primary credit                                           32,659    +    2,678    +   13,683        31,859 
    Secondary credit                                            590    -       34    +      590           578 
    Seasonal credit                                            113   -       10   +       20          109 
    Primary dealer and other broker-dealer credit (6)             0             0             0             0 
    Asset-Backed Commercial Paper Money Market                
      Mutual Fund Liquidity Facility                             79    -       29    +       79            79 
    Credit extended to American International                 
      Group, Inc., net (7)                                   38,807    -      503    +   38,807        38,792 
    Term Asset-Backed Securities Loan Facility               36,969    +    1,127    +   36,969        37,144 
    Other credit extensions                                       0             0             0             0 
  Net portfolio holdings of Commercial Paper                  
    Funding Facility LLC (8)                                 48,155    -    3,931    +   48,155        47,663 
  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)             26,035    +       48    -    3,218        26,079 
  Net portfolio holdings of Maiden Lane II LLC (11)          14,944    +       89    +   14,944        14,947 
  Net portfolio holdings of Maiden Lane III LLC (12)         20,897    +       20    +   20,897        20,935 
  Float                                                      -2,032    -      390    -      549        -2,246 
  Central bank liquidity swaps (13)                          63,287    +    3,077    +    1,287        63,287 
  Other Federal Reserve assets (14)                          80,064    +    9,585    +   40,086        79,935 
Gold stock                                                   11,041             0             0        11,041 
Special drawing rights certificate account                    2,200             0             0         2,200 
Treasury currency outstanding (15)                           42,485    +       14    +    3,810        42,473 
                                                              
Total factors supplying reserve funds                     2,119,031    +   14,457    +1,172,703     2,124,416 
 

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
Sep 2, 2009
Week ended
Sep 2, 2009
Change from week ended
Aug 26, 2009 Sep 3, 2008
                                                              
Currency in circulation (15)                                910,447    +      510    +   75,256       913,119 
Reverse repurchase agreements (16)                           69,425    +    2,118    +   26,545        68,703 
  Foreign official and international accounts                69,425    +    2,118    +   26,545        68,703 
  Dealers                                                         0             0             0             0 
Treasury cash holdings                                          255    -       18    -       26           255 
Deposits with F.R. Banks, other than reserve balances       242,415    +    7,931    +  230,176       265,406 
  U.S. Treasury, general account                             35,581    +    9,308    +   30,835        58,716 
  U.S. Treasury, supplementary financing account            199,932             0    +  199,932       199,932 
  Foreign official                                            2,503    -      833    +    2,403         2,380 
  Service-related                                             4,077    -      540    -    3,009         4,077 
    Required clearing balances                                4,077    -      538    -    3,009         4,077 
    Adjustments to compensate for float                           0    -        2             0             0 
  Other                                                         322    -        4    +       15           300 
Other liabilities and capital (17)                           59,348    -      108    +   14,482        58,734 
                                                              
Total factors, other than reserve balances,                                                       
   absorbing reserve funds                                1,281,890    +   10,433    +  346,432     1,306,217 
                                                              
Reserve balances with Federal Reserve Banks                 837,141    +    4,024    +  826,271       818,199 
                                                                
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

Memorandum item
Averages of daily figures Wednesday
Sep 2, 2009
Week ended
Sep 2, 2009
Change from week ended
Aug 26, 2009 Sep 3, 2008
                                                              
Marketable securities held in custody for foreign             
      official and international accounts (1)             2,828,522    +    3,900    +  424,698     2,831,763 
  U.S. Treasury securities                                2,049,105    +    5,902    +  611,141     2,052,208 
  Federal agency securities (2)                             779,417    -    2,002    -  186,443       779,555 
Securities lent to dealers                                   11,866    -    1,702    -  114,231        13,874 
  Overnight facility (3)                                     11,866    -    1,702    +    1,874        13,874 
    U.S. Treasury securities                                 11,675    -    1,700    +    1,683        13,681 
    Federal agency debt securities                              192    -        1    +      192           193 
  Term facility (4)                                               0             0    -  116,105             0 
 

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, September 2, 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                    47,998      164,112         ---            ---          ---         ---       212,110
Other loans (1)                        26,099        6,526            0        75,936            0         ---       108,562
U.S. Treasury securities (2)                    
  Holdings                             12,633       25,006       58,046       317,933      201,095     138,128       752,841
  Weekly changes                   -    6,652   +    6,915   -      868    +    5,386   +      857  +    2,324    +    7,963
Federal agency debt securities (3)                        
  Holdings                                750            0       15,630        75,697       25,243       2,017       119,337
  Weekly changes                   +      750   -      750            0             0   +    1,799  +      146    +    1,945
Mortgage-backed securities (4)                            
  Holdings                                  0            0            0             0            0     625,253       625,253
  Weekly changes                            0            0            0             0            0  +    2,389    +    2,389
Commercial paper held by                        
  Commercial Paper Funding                      
  Facility LLC (5)                      5,784       37,502            0           ---          ---         ---        43,285
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)       47,045       16,242            0             0            0           0        63,287
                                                
Reverse repurchase agreements (7)      68,703            0          ---           ---          ---         ---        68,703
  
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
Sep 2, 2009
                                                                                                
Mortgage-backed securities held outright (1)                                                       625,253    
                                                                                                
Commitments to buy mortgage-backed securities (2)                                                  164,741    
Commitments to sell mortgage-backed securities (2)                                                       0    
                                                                                                
Cash and cash equivalents (3)                                                                          141    
 

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
Sep 2, 2009
                                                                                                
Net portfolio holdings of Maiden Lane LLC (1)                                                       26,079    
                                                                                                
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)                                   365    
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3)        1,228    
 
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
Account name Wednesday
Sep 2, 2009
                                                                                                
Net portfolio holdings of Maiden Lane II LLC (1)                                                     14,947   
                                                                                                
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)            16,899   
Accrued interest payable to the Federal Reserve Bank of New York (2)                                    199   
Deferred payment and accrued interest payable to subsidiaries of American International         
  Group, Inc. (3)                                                                                     1,026   
 

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
Account name Wednesday
Sep 2, 2009
                                                                                                
Net portfolio holdings of Maiden Lane III LLC (1)                                                    20,935   
                                                                                                
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)            20,196   
Accrued interest payable to the Federal Reserve Bank of New York (2)                                    262   
Outstanding principal amount and accrued interest on loan payable to American International     
  Group, Inc. (3)                                                                                     5,138   
 

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
Account name Wednesday
Sep 2, 2009
                                                                                                
Commercial paper holdings, net (1)                                                                   43,112   
Other investments, net                                                                                4,552   
Net portfolio holdings of Commercial Paper Funding Facility LLC                                      47,663   
                                                                                                
Memorandum: Commercial paper holdings, face value                                                    43,285   
                                                                                                
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)            42,999   
Accrued interest payable to the Federal Reserve Bank of New York (2)                                     13   
 

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
Sep 2, 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
Sep 2, 2009
Wednesday
Aug 26, 2009
Wednesday
Sep 3, 2008
Assets                                                   
Gold certificate account                                           11,037                0                   0
Special drawing rights certificate account                          2,200                0                   0
Coin                                                                1,916       +        1          +      502
Securities, repurchase agreements, term auction          
      credit, and other loans                                   1,818,103       +    6,046          +1,060,288
  Securities held outright (1)                                  1,497,431       +   12,297          +1,017,705
    U.S. Treasury securities                                      752,841       +    7,963          +  273,115
      Bills (2)                                                    18,423                0          -    3,317
      Notes and bonds, nominal (2)                                684,075       +    7,899          +  272,344
      Notes and bonds, inflation-indexed (2)                       44,588                0          +    4,756
      Inflation compensation (3)                                    5,755       +       64          -      668
    Federal agency debt securities (2)                            119,337       +    1,945          +  119,337
    Mortgage-backed securities (4)                                625,253       +    2,389          +  625,253
  Repurchase agreements (5)                                             0                0          -  109,000
  Term auction credit                                             212,110       -    8,971          +   62,110
  Other loans                                                     108,562       +    2,720          +   89,473
Net portfolio holdings of Commercial Paper               
  Funding Facility LLC (6)                                         47,663       -    1,334          +   47,663
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)                      26,079       +       65          -    3,208
Net portfolio holdings of Maiden Lane II LLC (9)                   14,947       +        4          +   14,947
Net portfolio holdings of                                
  Maiden Lane III LLC (10)                                         20,935       +       47          +   20,935
Items in process of collection                         (306)          620       +      171          -    2,746
Bank premises                                                       2,214       -        5          +       52
Central bank liquidity swaps (11)                                  63,287       +    3,077          +    1,287
Other assets (12)                                                  77,777       +      553          +   40,320
                                                         
      Total assets                                     (306)    2,086,777       +    8,624          +1,180,039
 

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
Sep 2, 2009
Wednesday
Aug 26, 2009
Wednesday
Sep 3, 2008
Liabilities                                              
Federal Reserve notes, net of F.R. Bank holdings                  872,813       +    2,404          +   73,094
Reverse repurchase agreements (13)                                 68,703       +      574          +   26,947
Deposits                                                 (0)    1,083,662       +    5,218          +1,066,703
  Depository institutions                                         822,333       -   39,622          +  811,397
  U.S. Treasury, general account                                   58,716       +   45,888          +   53,110
  U.S. Treasury, supplementary financing account                  199,932                0          +  199,932
  Foreign official                                                  2,380       -    1,028          +    2,280
  Other                                                  (0)          300       -       21          -       17
Deferred availability cash items                       (306)        2,866       +      520          -      863
Other liabilities and accrued dividends (14)                        7,904       -      352          +    4,132
                                                         
      Total liabilities                                (306)    2,035,947       +    8,362          +1,170,012
                                                         
Capital accounts                                         
Capital paid in                                                    24,781       -        1          +    4,590
Surplus                                                            21,340       +        9          +    2,829
Other capital accounts                                              4,710       +      255          +    2,610
                                                         
      Total capital                                                50,830       +      262          +   10,027
 

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, September 2, 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                                           1,916          61          74         160         153         249         238         236          37          59         135         203         311 
Securities, repurchase agreements, term                            
      auction credit, and other loans      1,818,103      36,508     863,019      30,612      63,238      56,575     182,094     166,485      60,669      25,319      69,551      74,412     189,620 
  Securities held outright (1)             1,497,431      28,725     585,309      23,231      59,161      53,963     180,420     162,038      58,664      24,791      67,593      72,403     181,134 
    U.S. Treasury securities                 752,841      14,442     294,267      11,680      29,743      27,130      90,707      81,466      29,493      12,464      33,983      36,401      91,066 
      Bills (2)                               18,423         353       7,201         286         728         664       2,220       1,994         722         305         832         891       2,228 
      Notes and bonds (3)                    734,418      14,088     287,066      11,394      29,015      26,466      88,487      79,472      28,772      12,159      33,151      35,510      88,838 
    Federal agency debt securities (2)       119,337       2,289      46,646       1,851       4,715       4,301      14,378      12,914       4,675       1,976       5,387       5,770      14,435 
    Mortgage-backed securities (4)           625,253      11,994     244,396       9,700      24,703      22,532      75,334      67,659      24,495      10,351      28,223      30,232      75,633 
  Repurchase agreements (5)                        0           0           0           0           0           0           0           0           0           0           0           0           0 
  Term auction credit                        212,110       7,557     172,043       7,334       4,078       2,477       1,360       3,348       1,918         374       1,953       1,992       7,677 
  Other loans                                108,562         226     105,666          47           0         136         314       1,100          87         154           6          17         808 
Net portfolio holdings of Commercial                               
  Paper Funding Facility LLC (6)              47,663           0      47,663           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)                                     26,079           0      26,079           0           0           0           0           0           0           0           0           0           0 
Net portfolio holdings of Maiden                                   
  Lane II LLC (9)                             14,947           0      14,947           0           0           0           0           0           0           0           0           0           0 
Net portfolio holdings of Maiden                                   
  Lane III LLC (10)                           20,935           0      20,935           0           0           0           0           0           0           0           0           0           0 
Items in process of collection                   926          41           0         127         101          51         360          80          23         -41          67          62          54 
Bank premises                                  2,214         121         236          68         146         239         222         206         134         111         269         250         212 
Central bank liquidity swaps (11)             63,287       2,543      16,694       6,973       4,675      18,013       4,855       2,119         632         977         626         816       4,364 
Other assets (12)                             77,777       2,041      27,262       3,719       3,916       9,189       8,193       6,424       2,292       1,271       2,602       2,855       8,012 
Interdistrict settlement account                   0   +   6,775   +  23,462   +  15,239   -  12,759   + 184,759   -  45,342   -  66,006   -  27,784   -   4,984   -  26,996   -  13,426   -  32,938 
                                                                   
      Total assets                         2,087,083      48,617   1,045,139      57,432      60,040     270,104     152,142     110,667      36,403      22,940      46,656      65,892     171,051 
 

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, September 2, 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           1,059,867      35,418     386,458      39,556      44,784      82,609     131,379      85,589      30,976      19,645      28,748      63,148     111,556 
  Less: Notes held by F.R. Banks              187,054       4,663      59,238       6,999       9,022      12,427      26,360      13,556       4,531       3,244       3,460      17,382      26,172 
    Federal Reserve notes, net                872,813      30,755     327,220      32,557      35,762      70,182     105,019      72,033      26,445      16,401      25,288      45,767      85,384 
Reverse repurchase agreements (13)             68,703       1,318      26,854       1,066       2,714       2,476       8,278       7,434       2,692       1,137       3,101       3,322       8,310 
Deposits                                    1,083,662      14,433     671,409      18,003      17,617     183,053      34,507      28,708       6,472       3,625      17,385      15,719      72,731 
  Depository institutions                     822,333      14,431     410,216      17,998      17,614     182,958      34,504      28,699       6,464       3,625      17,384      15,718      72,722 
  U.S. Treasury, general account               58,716           0      58,716           0           0           0           0           0           0           0           0           0           0 
  U.S. Treasury, supplementary                                      
    financing account                         199,932           0     199,932           0           0           0           0           0           0           0           0           0           0 
  Foreign official                              2,380           2       2,351           4           3          11           3           1           0           1           0           1           3 
  Other                                           300           1         194           0           0          84           0           7           7           0           1           0           6 
Deferred availability cash items                3,172          94           1         406         424         120         442         292          54         278         210         230         622 
Other liabilities and accrued                                                 
  dividends (14)                                7,904         156       4,434         171         247         482         572         491         226         132         207         263         523 
                                                                    
      Total liabilities                     2,036,253      46,755   1,029,919      52,202      56,764     256,313     148,819     108,958      35,887      21,574      46,191      65,300     167,570 
                                                                    
Capital                                                             
Capital paid in                                24,781         921       7,292       2,604       1,613       6,892       1,556         797         237         711         209         274       1,675 
Surplus                                        21,340         844       5,868       2,316       1,552       5,982       1,612         704         209         324         207         271       1,450 
Other capital                                   4,710          96       2,060         310         111         916         156         209          69         330          48          47         356 
                                                                    
      Total liabilities and capital         2,087,083      48,617   1,045,139      57,432      60,040     270,104     152,142     110,667      36,403      22,940      46,656      65,892     171,051 
                              
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, September 2, 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
Sep 2, 2009
                                                                                            
Federal Reserve notes outstanding                                                              1,059,867 
  Less: Notes held by F.R. Banks not subject to collateralization                                187,054 
    Federal Reserve notes to be collateralized                                                   872,813 
Collateral held against Federal Reserve notes                                                    872,813 
  Gold certificate account                                                                        11,037 
  Special drawing rights certificate account                                                       2,200 
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                       859,576 
  Other assets pledged                                                                                 0 
                                                                                            
Memo:                                                                                       
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                         1,497,431 
  Less: Face value of securities under reverse repurchase agreements                              66,900 
    U.S. Treasury, agency debt, and mortgage-backed securities                              
    eligible to be pledged                                                                     1,430,531 
   
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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