For release at 4:30 p.m. EDT October 29, 2009 The weekly average value of the net portfolio holdings of Maiden Lane LLC, Maiden Lane II LLC, and Maiden Lane III LLC, shown in table 1, reflect holdings from Thursday, October 22, 2009, through Wednesday, October 28, 2009. The holdings for the first six days of this reporting week are based on the values as of June 30, 2009. The holdings for the final day of the reporting week are based on the values as of September 30, 2009, the quarterly revaluation date. The fair value of the net portfolio holdings is updated quarterly. FEDERAL RESERVE statistical release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks October 29, 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 Oct 28, 2009 Oct 21, 2009 Oct 29, 2008 Oct 28, 2009 Reserve Bank credit 2,154,356 - 17,385 + 281,403 2,143,997 Securities held outright (1) 1,692,177 + 14,292 +1,201,795 1,690,228 U.S. Treasury securities 774,552 + 1,076 + 298,067 774,561 Bills (2) 18,423 0 0 18,423 Notes and bonds, nominal (2) 705,713 + 1,050 + 294,956 705,713 Notes and bonds, inflation-indexed (2) 44,643 0 + 3,837 44,643 Inflation compensation (3) 5,774 + 26 - 725 5,783 Federal agency debt securities (2) 141,601 + 3,735 + 127,704 141,601 Mortgage-backed securities (4) 776,025 + 9,482 + 776,025 774,066 Repurchase agreements (5) 0 0 - 80,000 0 Term auction credit 139,245 - 16,196 - 162,118 139,245 Other loans 107,630 - 539 - 281,179 109,179 Primary credit 22,578 - 1,262 - 89,368 22,528 Secondary credit 375 - 49 + 374 370 Seasonal credit 74 - 3 + 57 78 Primary dealer and other broker-dealer credit (6) 0 0 - 87,393 0 Asset-Backed Commercial Paper Money Market Mutual Fund Liquidity Facility 0 0 - 99,902 0 Credit extended to American International Group, Inc., net (7) 42,786 + 1,825 - 46,763 44,800 Term Asset-Backed Securities Loan Facility 41,818 - 1,049 + 41,818 41,403 Other credit extensions 0 0 0 0 Net portfolio holdings of Commercial Paper Funding Facility LLC (8) 32,256 - 7,556 - 8,563 19,023 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) 26,381 + 15 - 428 26,282 Net portfolio holdings of Maiden Lane II LLC (11) 14,695 + 228 + 14,695 16,007 Net portfolio holdings of Maiden Lane III LLC (12) 20,656 + 426 + 20,656 23,167 Float -2,476 - 652 - 1,237 -1,971 Central bank liquidity swaps (13) 33,315 - 8,322 - 469,952 32,930 Other Federal Reserve assets (14) 90,476 + 916 + 47,732 89,907 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 5,200 0 + 3,000 5,200 Treasury currency outstanding (15) 42,605 + 13 + 3,931 42,649 Total factors supplying reserve funds 2,213,202 - 17,372 + 288,334 2,202,887 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 Oct 28, 2009 Oct 21, 2009 Oct 29, 2008 Oct 28, 2009 Currency in circulation (15) 913,756 - 1,792 + 56,421 915,170 Reverse repurchase agreements (16) 65,737 + 1,930 - 28,586 64,446 Foreign official and international accounts 65,737 + 1,930 - 3,586 64,446 Dealers 0 0 - 25,000 0 Treasury cash holdings 284 - 17 + 15 257 Deposits with F.R. Banks, other than reserve balances 86,496 - 68,214 - 581,070 78,364 U.S. Treasury, general account 43,241 - 40,220 - 57,495 30,563 U.S. Treasury, supplementary financing account 29,992 - 34,988 - 528,872 29,992 Foreign official 2,297 + 642 + 2,123 3,415 Service-related 3,237 - 158 - 2,761 3,237 Required clearing balances 3,237 - 158 - 2,761 3,237 Adjustments to compensate for float 0 0 0 0 Other 7,730 + 6,511 + 5,936 11,158 Other liabilities and capital (17) 61,537 - 594 + 17,091 64,428 Total factors, other than reserve balances, absorbing reserve funds 1,127,810 - 68,687 - 536,129 1,122,666 Reserve balances with Federal Reserve Banks 1,085,392 + 51,314 + 824,463 1,080,221 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 Oct 28, 2009 Oct 21, 2009 Oct 29, 2008 Oct 28, 2009 Marketable securities held in custody for foreign official and international accounts (1) 2,898,585 + 11,379 + 412,393 2,897,927 U.S. Treasury securities 2,135,910 + 11,754 + 564,736 2,137,416 Federal agency securities (2) 762,675 - 376 - 152,343 760,511 Securities lent to dealers 6,308 - 1,100 - 216,258 5,535 Overnight facility (3) 6,308 - 1,100 - 18,759 5,535 U.S. Treasury securities 5,649 - 1,166 - 19,418 5,222 Federal agency debt securities 659 + 66 + 659 313 Term facility (4) 0 0 - 197,499 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, October 28, 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 42,941 96,304 --- --- --- --- 139,245 Other loans (1) 18,195 4,782 0 86,203 0 --- 109,179 U.S. Treasury securities (2) Holdings 15,344 26,706 55,499 324,037 210,318 142,657 774,561 Weekly changes - 3,520 + 3,521 + 2 + 7 + 6 + 1,060 + 1,075 Federal agency debt securities (3) Holdings 0 98 22,353 86,370 30,744 2,036 141,601 Weekly changes 0 0 + 1,062 - 1,062 + 1,741 + 19 + 1,760 Mortgage-backed securities (4) Holdings 0 0 0 0 0 774,066 774,066 Weekly changes 0 0 0 0 0 - 2,802 - 2,802 Commercial paper held by Commercial Paper Funding Facility LLC (5) 4,884 9,679 0 --- --- --- 14,563 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) 26,638 6,292 0 0 0 0 32,930 Reverse repurchase agreements (7) 64,446 0 --- --- --- --- 64,446 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 Oct 28, 2009 Mortgage-backed securities held outright (1) 774,066 Commitments to buy mortgage-backed securities (2) 170,604 Commitments to sell mortgage-backed securities (2) 1,731 Cash and cash equivalents (3) 464 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 Oct 28, 2009 Net portfolio holdings of Maiden Lane LLC (1) 26,282 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) 387 Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3) 1,237 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 September 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 Oct 28, 2009 Net portfolio holdings of Maiden Lane II LLC (1) 16,007 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 16,296 Accrued interest payable to the Federal Reserve Bank of New York (2) 231 Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc. (3) 1,031 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 September 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 Oct 28, 2009 Net portfolio holdings of Maiden Lane III LLC (1) 23,167 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 19,036 Accrued interest payable to the Federal Reserve Bank of New York (2) 300 Outstanding principal amount and accrued interest on loan payable to American International Group, Inc. (3) 5,164 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 September 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 Oct 28, 2009 Commercial paper holdings, net (1) 14,240 Other investments, net 4,784 Net portfolio holdings of Commercial Paper Funding Facility LLC 19,023 Memorandum: Commercial paper holdings, face value 14,563 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 14,467 Accrued interest payable to the Federal Reserve Bank of New York (2) 3 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 Oct 28, 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 Oct 28, 2009 Oct 21, 2009 Oct 29, 2008 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 5,200 0 + 3,000 Coin 2,063 + 38 + 418 Securities, repurchase agreements, term auction credit, and other loans 1,938,652 - 14,438 + 697,437 Securities held outright (1) 1,690,228 + 33 +1,200,139 U.S. Treasury securities 774,561 + 1,075 + 298,092 Bills (2) 18,423 0 0 Notes and bonds, nominal (2) 705,713 + 1,050 + 294,956 Notes and bonds, inflation-indexed (2) 44,643 0 + 3,837 Inflation compensation (3) 5,783 + 25 - 701 Federal agency debt securities (2) 141,601 + 1,760 + 127,981 Mortgage-backed securities (4) 774,066 - 2,802 + 774,066 Repurchase agreements (5) 0 0 - 80,000 Term auction credit 139,245 - 16,195 - 162,118 Other loans 109,179 + 1,724 - 260,584 Net portfolio holdings of Commercial Paper Funding Facility LLC (6) 19,023 - 20,406 - 125,785 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) 26,282 - 116 - 566 Net portfolio holdings of Maiden Lane II LLC (9) 16,007 + 1,531 + 16,007 Net portfolio holdings of Maiden Lane III LLC (10) 23,167 + 2,930 + 23,167 Items in process of collection (297) 415 - 121 - 668 Bank premises 2,229 + 4 + 55 Central bank liquidity swaps (11) 32,930 - 8,707 - 465,930 Other assets (12) 87,668 - 311 + 46,859 Total assets (297) 2,164,673 - 39,595 + 193,993 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 Oct 28, 2009 Oct 21, 2009 Oct 29, 2008 Liabilities Federal Reserve notes, net of F.R. Bank holdings 874,838 - 485 + 51,125 Reverse repurchase agreements (13) 64,446 + 838 - 30,209 Deposits (0) 1,158,575 - 42,482 + 152,877 Depository institutions 1,083,447 + 23,878 + 657,475 U.S. Treasury, general account 30,563 - 43,167 + 11,079 U.S. Treasury, supplementary financing account 29,992 - 34,988 - 528,872 Foreign official 3,415 + 1,648 + 3,228 Other (0) 11,158 + 10,147 + 9,966 Deferred availability cash items (297) 2,386 - 198 + 69 Other liabilities and accrued dividends (14) 11,911 + 1,397 + 8,032 Total liabilities (297) 2,112,155 - 40,931 + 181,894 Capital accounts Capital paid in 24,943 + 21 + 4,629 Surplus 21,406 + 8 + 3,071 Other capital accounts 6,168 + 1,306 + 4,399 Total capital 52,517 + 1,335 + 12,099 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, October 28, 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 2,063 67 83 168 153 282 248 274 37 64 140 218 329 Securities, repurchase agreements, term auction credit, and other loans 1,938,652 40,940 875,623 32,195 69,582 62,393 204,428 186,368 67,687 28,418 77,464 82,182 211,374 Securities held outright (1) 1,690,228 32,424 660,669 26,222 66,778 60,911 203,649 182,901 66,217 27,982 76,295 81,725 204,456 U.S. Treasury securities 774,561 14,858 302,757 12,017 30,601 27,913 93,324 83,816 30,344 12,823 34,963 37,451 93,693 Bills (2) 18,423 353 7,201 286 728 664 2,220 1,994 722 305 832 891 2,228 Notes and bonds (3) 756,138 14,505 295,556 11,731 29,874 27,249 91,104 81,822 29,623 12,518 34,131 36,560 91,465 Federal agency debt securities (2) 141,601 2,716 55,348 2,197 5,594 5,103 17,061 15,323 5,547 2,344 6,392 6,847 17,129 Mortgage-backed securities (4) 774,066 14,849 302,563 12,009 30,582 27,895 93,264 83,762 30,325 12,815 34,941 37,427 93,634 Repurchase agreements (5) 0 0 0 0 0 0 0 0 0 0 0 0 0 Term auction credit 139,245 8,342 108,016 5,683 2,804 1,267 536 2,620 1,432 305 1,159 450 6,632 Other loans 109,179 175 106,938 290 0 216 243 847 38 131 10 7 286 Net portfolio holdings of Commercial Paper Funding Facility LLC (6) 19,023 0 19,023 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) 26,282 0 26,282 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of Maiden Lane II LLC (9) 16,007 0 16,007 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of Maiden Lane III LLC (10) 23,167 0 23,167 0 0 0 0 0 0 0 0 0 0 Items in process of collection 712 16 0 77 168 132 211 31 30 27 20 46 -47 Bank premises 2,229 120 249 69 146 238 222 206 134 111 269 253 212 Central bank liquidity swaps (11) 32,930 1,312 8,885 3,599 2,413 9,296 2,505 1,093 326 504 323 421 2,252 Other assets (12) 87,668 2,260 30,979 3,843 4,352 9,711 9,375 7,465 2,678 1,443 3,032 3,322 9,209 Interdistrict settlement account 0 + 9,664 + 60,032 + 21,305 - 16,531 + 216,317 - 65,209 - 85,725 - 34,453 - 7,780 - 32,307 - 17,361 - 47,950 Total assets 2,164,970 54,988 1,066,043 61,916 60,986 299,662 153,789 111,047 36,918 23,073 49,429 69,983 177,135 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, October 28, 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 1,069,952 35,277 392,421 39,029 45,058 82,029 132,342 85,641 30,794 19,470 28,673 63,169 116,049 Less: Notes held by F.R. Banks 195,113 5,029 65,998 6,926 9,778 11,935 27,293 14,399 4,779 3,162 3,501 14,740 27,574 Federal Reserve notes, net 874,838 30,248 326,423 32,103 35,280 70,094 105,049 71,242 26,015 16,308 25,172 48,429 88,475 Reverse repurchase agreements (13) 64,446 1,236 25,190 1,000 2,546 2,322 7,765 6,974 2,525 1,067 2,909 3,116 7,796 Deposits 1,158,575 21,395 689,704 22,976 18,822 212,524 36,857 30,709 7,577 3,804 20,525 17,411 76,271 Depository institutions 1,083,447 21,386 614,785 22,971 18,818 212,385 36,853 30,670 7,574 3,804 20,524 17,410 76,267 U.S. Treasury, general account 30,563 0 30,563 0 0 0 0 0 0 0 0 0 0 U.S. Treasury, supplementary financing account 29,992 0 29,992 0 0 0 0 0 0 0 0 0 0 Foreign official 3,415 2 3,386 4 3 11 3 1 0 1 0 1 3 Other 11,158 8 10,979 0 1 128 0 37 2 0 1 0 1 Deferred availability cash items 2,683 59 0 414 434 166 261 164 52 315 139 139 541 Other liabilities and accrued dividends (14) 11,911 164 8,177 202 270 569 609 508 228 143 214 272 555 Total liabilities 2,112,453 53,102 1,049,494 56,694 57,353 285,676 150,541 109,596 36,396 21,637 48,959 69,366 173,638 Capital Capital paid in 24,943 944 7,314 2,617 1,802 7,002 1,513 626 240 711 209 281 1,685 Surplus 21,406 844 5,935 2,316 1,551 5,982 1,612 704 209 324 207 271 1,450 Other capital 6,168 98 3,300 288 280 1,003 124 122 73 401 53 64 363 Total liabilities and capital 2,164,970 54,988 1,066,043 61,916 60,986 299,662 153,789 111,047 36,918 23,073 49,429 69,983 177,135 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, October 28, 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 Oct 28, 2009 Federal Reserve notes outstanding 1,069,952 Less: Notes held by F.R. Banks not subject to collateralization 195,113 Federal Reserve notes to be collateralized 874,838 Collateral held against Federal Reserve notes 874,838 Gold certificate account 11,037 Special drawing rights certificate account 5,200 U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 858,601 Other assets pledged 0 Memo: Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 1,690,228 Less: Face value of securities under reverse repurchase agreements 64,001 U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 1,626,227 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.