FEDERAL RESERVE statistical release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks October 1, 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 Sep 30, 2009 Sep 23, 2009 Oct 1, 2008 Sep 30, 2009 Reserve Bank credit 2,120,175 - 12,435 + 729,035 2,123,224 Securities held outright (1) 1,588,374 + 9,506 +1,099,833 1,592,701 U.S. Treasury securities 766,128 + 3,381 + 289,516 769,160 Bills (2) 18,423 0 0 18,423 Notes and bonds, nominal (2) 697,430 + 3,400 + 285,699 700,468 Notes and bonds, inflation-indexed (2) 44,588 0 + 4,756 44,588 Inflation compensation (3) 5,688 - 18 - 939 5,681 Federal agency debt securities (2) 130,050 + 3,157 + 118,121 131,176 Mortgage-backed securities (4) 692,196 + 2,968 + 692,196 692,365 Repurchase agreements (5) 0 0 - 83,000 0 Term auction credit 178,379 - 17,641 + 29,236 178,379 Other loans 109,835 - 1,234 - 257,961 110,330 Primary credit 27,977 - 209 - 16,486 28,226 Secondary credit 503 - 74 + 217 463 Seasonal credit 117 - 4 + 43 111 Primary dealer and other broker-dealer credit (6) 0 0 - 147,692 0 Asset-Backed Commercial Paper Money Market Mutual Fund Liquidity Facility 79 0 - 122,025 79 Credit extended to American International Group, Inc., net (7) 38,306 - 804 - 14,870 38,743 Term Asset-Backed Securities Loan Facility 42,854 - 142 + 42,854 42,709 Other credit extensions 0 0 0 0 Net portfolio holdings of Commercial Paper Funding Facility LLC (8) 41,928 - 892 + 41,928 41,029 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) 26,199 + 47 - 3,214 26,261 Net portfolio holdings of Maiden Lane II LLC (11) 14,675 + 24 + 14,675 14,751 Net portfolio holdings of Maiden Lane III LLC (12) 20,556 + 10 + 20,556 20,566 Float -1,811 - 56 - 587 -2,535 Central bank liquidity swaps (13) 56,756 - 2,365 - 176,342 56,756 Other Federal Reserve assets (14) 85,284 + 167 + 43,910 84,986 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 5,200 + 429 + 3,000 5,200 Treasury currency outstanding (15) 42,593 + 14 + 3,918 42,593 Total factors supplying reserve funds 2,179,009 - 11,992 + 735,953 2,182,058 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 Sep 30, 2009 Sep 23, 2009 Oct 1, 2008 Sep 30, 2009 Currency in circulation (15) 912,007 - 77 + 75,711 913,820 Reverse repurchase agreements (16) 69,764 + 728 - 18,145 68,913 Foreign official and international accounts 69,764 + 728 - 1,003 68,913 Dealers 0 0 - 17,143 0 Treasury cash holdings 288 + 9 + 19 293 Deposits with F.R. Banks, other than reserve balances 212,529 - 47,402 - 92,081 294,486 U.S. Treasury, general account 37,910 - 15,391 + 29,281 108,324 U.S. Treasury, supplementary financing account 164,945 - 34,987 - 101,136 164,945 Foreign official 2,270 - 181 + 2,137 1,913 Service-related 3,402 - 456 - 4,272 3,402 Required clearing balances 3,402 - 456 - 4,272 3,402 Adjustments to compensate for float 0 0 0 0 Other 4,002 + 3,613 - 18,091 15,902 Other liabilities and capital (17) 60,125 - 168 + 13,211 59,804 Total factors, other than reserve balances, absorbing reserve funds 1,254,713 - 46,910 - 21,284 1,337,316 Reserve balances with Federal Reserve Banks 924,296 + 34,918 + 757,237 844,742 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 Sep 30, 2009 Sep 23, 2009 Oct 1, 2008 Sep 30, 2009 Marketable securities held in custody for foreign official and international accounts (1) 2,854,940 + 583 + 389,289 2,856,427 U.S. Treasury securities 2,087,926 + 4,207 + 592,737 2,093,545 Federal agency securities (2) 767,015 - 3,623 - 203,447 762,881 Securities lent to dealers 9,046 - 2,458 - 246,755 12,847 Overnight facility (3) 9,046 - 2,458 - 13,190 12,847 U.S. Treasury securities 8,821 - 2,468 - 13,415 12,594 Federal agency debt securities 226 + 11 + 226 253 Term facility (4) 0 0 - 233,565 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 30, 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 47,768 130,612 --- --- --- --- 178,379 Other loans (1) 22,963 5,916 0 81,452 0 --- 110,330 U.S. Treasury securities (2) Holdings 13,095 22,810 61,663 324,284 207,135 140,173 769,160 Weekly changes - 4,893 + 2,910 + 3,148 + 1,859 + 510 - 7 + 3,527 Federal agency debt securities (3) Holdings 0 30 17,997 83,000 28,132 2,017 131,176 Weekly changes 0 0 0 0 + 1,970 0 + 1,970 Mortgage-backed securities (4) Holdings 0 0 0 0 0 692,365 692,365 Weekly changes 0 0 0 0 0 - 1,230 - 1,230 Commercial paper held by Commercial Paper Funding Facility LLC (5) 1,000 35,815 0 --- --- --- 36,815 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) 45,949 10,807 0 0 0 0 56,756 Reverse repurchase agreements (7) 68,913 0 --- --- --- --- 68,913 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 Sep 30, 2009 Mortgage-backed securities held outright (1) 692,365 Commitments to buy mortgage-backed securities (2) 190,552 Commitments to sell mortgage-backed securities (2) 7,000 Cash and cash equivalents (3) 374 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 Sep 30, 2009 Net portfolio holdings of Maiden Lane LLC (1) 26,261 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) 376 Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3) 1,233 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 Sep 30, 2009 Net portfolio holdings of Maiden Lane II LLC (1) 14,751 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 16,587 Accrued interest payable to the Federal Reserve Bank of New York (2) 215 Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc. (3) 1,028 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 Sep 30, 2009 Net portfolio holdings of Maiden Lane III LLC (1) 20,566 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 19,574 Accrued interest payable to the Federal Reserve Bank of New York (2) 281 Outstanding principal amount and accrued interest on loan payable to American International Group, Inc. (3) 5,151 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 Sep 30, 2009 Commercial paper holdings, net (1) 36,439 Other investments, net 4,590 Net portfolio holdings of Commercial Paper Funding Facility LLC 41,029 Memorandum: Commercial paper holdings, face value 36,815 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 36,573 Accrued interest payable to the Federal Reserve Bank of New York (2) 16 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 Sep 30, 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 Sep 30, 2009 Sep 23, 2009 Oct 1, 2008 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 5,200 0 + 3,000 Coin 1,981 + 20 + 472 Securities, repurchase agreements, term auction credit, and other loans 1,881,410 - 13,025 + 748,767 Securities held outright (1) 1,592,701 + 4,267 +1,101,580 U.S. Treasury securities 769,160 + 3,527 + 292,539 Bills (2) 18,423 0 0 Notes and bonds, nominal (2) 700,468 + 3,545 + 288,737 Notes and bonds, inflation-indexed (2) 44,588 0 + 4,756 Inflation compensation (3) 5,681 - 18 - 954 Federal agency debt securities (2) 131,176 + 1,970 + 116,676 Mortgage-backed securities (4) 692,365 - 1,230 + 692,365 Repurchase agreements (5) 0 0 - 83,000 Term auction credit 178,379 - 17,641 + 29,379 Other loans 110,330 + 349 - 299,192 Net portfolio holdings of Commercial Paper Funding Facility LLC (6) 41,029 - 1,409 + 41,029 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) 26,261 + 72 - 3,186 Net portfolio holdings of Maiden Lane II LLC (9) 14,751 + 89 + 14,751 Net portfolio holdings of Maiden Lane III LLC (10) 20,566 + 12 + 20,566 Items in process of collection (282) 239 - 381 - 1,040 Bank premises 2,234 + 11 + 67 Central bank liquidity swaps (11) 56,756 - 2,365 - 229,676 Other assets (12) 82,693 - 629 + 43,892 Total assets (282) 2,144,157 - 17,606 + 638,641 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 Sep 30, 2009 Sep 23, 2009 Oct 1, 2008 Liabilities Federal Reserve notes, net of F.R. Bank holdings 873,497 + 1,179 + 69,518 Reverse repurchase agreements (13) 68,913 - 1,890 - 24,150 Deposits (0) 1,139,169 - 17,408 + 578,745 Depository institutions 848,085 - 54,959 + 668,794 U.S. Treasury, general account 108,324 + 57,417 + 103,046 U.S. Treasury, supplementary financing account 164,945 - 34,987 - 179,528 Foreign official 1,913 - 458 + 1,776 Other (0) 15,902 + 15,581 - 15,343 Deferred availability cash items (282) 2,773 + 238 + 4 Other liabilities and accrued dividends (14) 8,699 + 183 + 4,688 Total liabilities (282) 2,093,052 - 17,697 + 628,806 Capital accounts Capital paid in 24,918 + 40 + 4,606 Surplus 21,373 + 9 + 2,853 Other capital accounts 4,814 + 43 + 2,376 Total capital 51,105 + 91 + 9,835 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 30, 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. 5,200 196 1,818 210 237 412 654 424 150 90 153 282 574 Coin 1,981 63 76 165 144 274 241 251 36 61 135 214 321 Securities, repurchase agreements, term auction credit, and other loans 1,881,410 39,153 873,364 31,239 66,190 59,380 193,264 176,427 64,488 26,819 73,660 77,175 200,251 Securities held outright (1) 1,592,701 30,553 622,547 24,709 62,924 57,396 191,898 172,347 62,396 26,368 71,893 77,009 192,658 U.S. Treasury securities 769,160 14,755 300,646 11,933 30,388 27,718 92,673 83,231 30,133 12,734 34,719 37,190 93,040 Bills (2) 18,423 353 7,201 286 728 664 2,220 1,994 722 305 832 891 2,228 Notes and bonds (3) 750,737 14,401 293,445 11,647 29,660 27,054 90,453 81,238 29,411 12,429 33,888 36,299 90,812 Federal agency debt securities (2) 131,176 2,516 51,273 2,035 5,183 4,727 15,805 14,195 5,139 2,172 5,921 6,343 15,867 Mortgage-backed securities (4) 692,365 13,282 270,628 10,741 27,354 24,951 83,420 74,921 27,124 11,462 31,253 33,477 83,751 Repurchase agreements (5) 0 0 0 0 0 0 0 0 0 0 0 0 0 Term auction credit 178,379 8,377 143,480 6,238 3,224 1,882 1,144 3,015 1,951 292 1,747 155 6,875 Other loans 110,330 224 107,336 292 42 103 222 1,064 141 160 20 10 717 Net portfolio holdings of Commercial Paper Funding Facility LLC (6) 41,029 0 41,029 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) 26,261 0 26,261 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of Maiden Lane II LLC (9) 14,751 0 14,751 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of Maiden Lane III LLC (10) 20,566 0 20,566 0 0 0 0 0 0 0 0 0 0 Items in process of collection 521 31 0 106 -48 41 90 41 44 35 84 60 37 Bank premises 2,234 121 251 70 146 238 222 207 134 111 269 254 212 Central bank liquidity swaps (11) 56,756 2,288 14,845 6,273 4,205 16,203 4,367 1,906 568 879 563 734 3,925 Other assets (12) 82,693 2,160 28,958 3,774 4,155 9,561 8,790 6,940 2,486 1,360 2,813 3,084 8,612 Interdistrict settlement account 0 + 21,812 + 95,774 + 18,187 - 21,477 + 127,608 - 58,305 - 65,938 - 31,506 - 6,910 - 30,197 - 11,689 - 37,358 Total assets 2,144,439 66,236 1,121,587 60,473 54,019 214,600 150,678 121,168 36,729 22,642 47,815 70,735 177,757 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 30, 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 1,063,038 35,108 389,723 39,209 44,753 82,213 132,194 85,362 30,906 19,590 28,527 63,020 112,432 Less: Notes held by F.R. Banks 189,541 4,972 60,970 7,064 9,104 12,134 26,601 13,985 4,570 3,266 3,490 16,150 27,236 Federal Reserve notes, net 873,497 30,136 328,753 32,146 35,649 70,079 105,593 71,377 26,336 16,324 25,038 46,870 85,196 Reverse repurchase agreements (13) 68,913 1,322 26,936 1,069 2,723 2,483 8,303 7,457 2,700 1,141 3,111 3,332 8,336 Deposits 1,139,169 32,576 745,781 21,381 11,475 127,287 32,657 40,070 6,866 3,293 18,742 19,437 79,604 Depository institutions 848,085 32,551 454,867 21,377 11,472 127,216 32,654 40,018 6,860 3,292 18,740 19,436 79,600 U.S. Treasury, general account 108,324 0 108,324 0 0 0 0 0 0 0 0 0 0 U.S. Treasury, supplementary financing account 164,945 0 164,945 0 0 0 0 0 0 0 0 0 0 Foreign official 1,913 2 1,884 4 3 11 3 1 0 1 0 1 3 Other 15,902 23 15,762 0 0 59 0 51 5 0 1 0 0 Deferred availability cash items 3,056 173 0 448 409 109 269 231 74 305 242 212 585 Other liabilities and accrued dividends (14) 8,699 165 5,032 188 261 569 589 504 233 136 211 271 541 Total liabilities 2,093,334 64,372 1,106,503 55,231 50,518 200,528 147,410 119,639 36,208 21,200 47,343 70,122 174,261 Capital Capital paid in 24,918 924 7,298 2,616 1,840 7,002 1,499 623 240 711 209 280 1,675 Surplus 21,373 844 5,902 2,316 1,551 5,982 1,612 704 209 324 207 271 1,450 Other capital 4,814 96 1,884 309 110 1,088 157 203 72 407 56 61 371 Total liabilities and capital 2,144,439 66,236 1,121,587 60,473 54,019 214,600 150,678 121,168 36,729 22,642 47,815 70,735 177,757 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 30, 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 30, 2009 Federal Reserve notes outstanding 1,063,038 Less: Notes held by F.R. Banks not subject to collateralization 189,541 Federal Reserve notes to be collateralized 873,497 Collateral held against Federal Reserve notes 873,497 Gold certificate account 11,037 Special drawing rights certificate account 5,200 U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 857,260 Other assets pledged 0 Memo: Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 1,592,701 Less: Face value of securities under reverse repurchase agreements 68,742 U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 1,523,959 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.