FEDERAL RESERVE statistical release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks November 12, 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 Nov 11, 2009 Nov 4, 2009 Nov 12, 2008 Nov 11, 2009 Reserve Bank credit 2,115,704 - 33,209 - 82,498 2,116,959 Securities held outright (1) 1,699,466 + 1,822 +1,209,865 1,701,766 U.S. Treasury securities 776,517 + 285 + 300,071 776,520 Bills (2) 18,423 0 0 18,423 Notes and bonds, nominal (2) 707,649 + 277 + 297,158 707,649 Notes and bonds, inflation-indexed (2) 44,643 0 + 3,572 44,643 Inflation compensation (3) 5,803 + 9 - 657 5,806 Federal agency debt securities (2) 148,122 + 1,163 + 134,967 149,673 Mortgage-backed securities (4) 774,827 + 373 + 774,827 775,573 Repurchase agreements (5) 0 0 - 80,000 0 Term auction credit 109,456 - 29,789 - 305,846 109,456 Other loans 108,221 - 2,387 - 214,711 107,769 Primary credit 20,799 - 1,811 - 74,581 19,878 Secondary credit 0 - 197 - 89 0 Seasonal credit 67 + 7 + 57 77 Primary dealer and other broker-dealer credit (6) 0 0 - 64,933 0 Asset-Backed Commercial Paper Money Market Mutual Fund Liquidity Facility 0 0 - 80,244 0 Credit extended to American International Group, Inc., net (7) 44,265 - 343 - 38,010 43,979 Term Asset-Backed Securities Loan Facility 43,091 - 41 + 43,091 43,835 Other credit extensions 0 0 0 0 Net portfolio holdings of Commercial Paper Funding Facility LLC (8) 14,402 - 1,245 - 235,508 14,299 Net portfolio holdings of Maiden Lane LLC (9) 26,326 + 37 - 550 26,339 Net portfolio holdings of Maiden Lane II LLC (10) 15,732 - 276 + 15,732 15,733 Net portfolio holdings of Maiden Lane III LLC (11) 22,846 - 334 + 22,846 22,932 Float -1,549 + 312 - 92 -2,749 Central bank liquidity swaps (12) 29,088 - 2,796 - 542,599 29,088 Other Federal Reserve assets (13) 91,715 + 1,447 + 48,363 92,326 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 5,200 0 + 3,000 5,200 Treasury currency outstanding (14) 42,591 - 43 + 3,917 42,586 Total factors supplying reserve funds 2,174,536 - 33,252 - 75,582 2,175,786 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 Nov 11, 2009 Nov 4, 2009 Nov 12, 2008 Nov 11, 2009 Currency in circulation (14) 918,623 + 3,522 + 54,510 921,174 Reverse repurchase agreements (15) 60,262 - 4,582 - 39,424 60,403 Foreign official and international accounts 60,262 - 4,582 - 17,281 60,403 Dealers 0 0 - 22,143 0 Treasury cash holdings 244 - 12 - 18 236 Deposits with F.R. Banks, other than reserve balances 96,243 + 18,021 - 552,108 86,825 U.S. Treasury, general account 74,637 + 25,126 + 12,861 62,930 U.S. Treasury, supplementary financing account 14,999 0 - 543,893 14,999 Foreign official 1,597 - 824 + 1,306 1,696 Service-related 3,138 - 98 - 3,168 3,138 Required clearing balances 3,138 - 98 - 3,168 3,138 Adjustments to compensate for float 0 0 0 0 Other 1,872 - 6,182 - 19,214 4,063 Other liabilities and capital (16) 64,463 - 232 + 18,900 65,808 Total factors, other than reserve balances, absorbing reserve funds 1,139,835 + 16,717 - 518,140 1,134,446 Reserve balances with Federal Reserve Banks 1,034,701 - 49,968 + 442,558 1,041,340 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 9. 9. Refer to table 4 and the note on consolidation accompanying table 9. 10. Refer to table 5 and the note on consolidation accompanying table 9. 11. Refer to table 6 and the note on consolidation accompanying table 9. 12. 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. 13. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates. 14. Estimated. 15. Cash value of agreements, which are collateralized by U.S. Treasury securities. 16. Includes the liabilities of Commercial Paper Funding Facility LLC, 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 7 and the note on consolidation accompanying table 9. 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 Nov 11, 2009 Nov 4, 2009 Nov 12, 2008 Nov 11, 2009 Marketable securities held in custody for foreign official and international accounts (1) 2,916,704 + 6,872 + 408,772 2,915,604 U.S. Treasury securities 2,156,281 + 7,342 + 548,242 2,153,827 Federal agency securities (2) 760,423 - 469 - 139,470 761,778 Securities lent to dealers 6,298 - 135 - 212,054 6,193 Overnight facility (3) 6,298 - 135 - 12,055 6,193 U.S. Treasury securities 5,073 - 280 - 13,280 5,051 Federal agency debt securities 1,225 + 145 + 1,225 1,142 Term facility (4) 0 0 - 199,999 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, November 11, 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 39,566 69,890 --- --- --- --- 109,456 Other loans (1) 19,462 493 0 87,814 0 --- 107,769 U.S. Treasury securities (2) Holdings 18,427 22,687 55,608 326,045 211,087 142,666 776,520 Weekly changes - 6,285 + 6,285 + 1 + 2 + 2 + 3 + 8 Federal agency debt securities (3) Holdings 0 98 22,353 92,388 32,798 2,036 149,673 Weekly changes 0 0 0 + 660 + 2,054 0 + 2,714 Mortgage-backed securities (4) Holdings 0 0 0 0 0 775,573 775,573 Weekly changes 0 0 0 0 0 + 1,179 + 1,179 Commercial paper held by Commercial Paper Funding Facility LLC (5) 157 9,622 0 --- --- --- 9,779 Repurchase agreements (6) 0 0 --- --- --- --- 0 Central bank liquidity swaps (7) 23,306 5,782 0 0 0 0 29,088 Reverse repurchase agreements (6) 60,403 0 --- --- --- --- 60,403 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, 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. Cash value of agreements. 7. 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 Nov 11, 2009 Mortgage-backed securities held outright (1) 775,573 Commitments to buy mortgage-backed securities (2) 229,425 Commitments to sell mortgage-backed securities (2) 32,787 Cash and cash equivalents (3) 102 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 8 and table 9. 4. Information on Principal Accounts of Maiden Lane LLC Millions of dollars Wednesday Account name Nov 11, 2009 Net portfolio holdings of Maiden Lane LLC (1) 26,339 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) 393 Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3) 1,240 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 9. 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 8 and table 9. 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 Nov 11, 2009 Net portfolio holdings of Maiden Lane II LLC (1) 15,733 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 16,018 Accrued interest payable to the Federal Reserve Bank of New York (2) 238 Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc. (3) 1,032 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 9. 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 8 and table 9. 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 Nov 11, 2009 Net portfolio holdings of Maiden Lane III LLC (1) 22,932 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 18,615 Accrued interest payable to the Federal Reserve Bank of New York (2) 309 Outstanding principal amount and accrued interest on loan payable to American International Group, Inc. (3) 5,170 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 9. 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 8 and table 9. 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 Nov 11, 2009 Commercial paper holdings, net (1) 9,488 Other investments, net 4,811 Net portfolio holdings of Commercial Paper Funding Facility LLC 14,299 Memorandum: Commercial paper holdings, face value 9,779 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 9,711 Accrued interest payable to the Federal Reserve Bank of New York (2) 1 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 9. 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. Consolidated Statement of Condition of All Federal Reserve Banks Millions of dollars Eliminations Change since from Wednesday Wednesday Wednesday Assets, liabilities, and capital consolidation Nov 11, 2009 Nov 4, 2009 Nov 12, 2008 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 5,200 0 + 3,000 Coin 2,060 - 28 + 420 Securities, repurchase agreements, term auction credit, and other loans 1,918,991 - 28,084 + 618,203 Securities held outright (1) 1,701,766 + 3,901 +1,212,357 U.S. Treasury securities 776,520 + 8 + 300,080 Bills (2) 18,423 0 0 Notes and bonds, nominal (2) 707,649 0 + 297,158 Notes and bonds, inflation-indexed (2) 44,643 0 + 3,572 Inflation compensation (3) 5,806 + 8 - 649 Federal agency debt securities (2) 149,673 + 2,714 + 136,704 Mortgage-backed securities (4) 775,573 + 1,179 + 775,573 Repurchase agreements (5) 0 0 - 80,000 Term auction credit 109,456 - 29,789 - 305,846 Other loans 107,769 - 2,197 - 208,308 Net portfolio holdings of Commercial Paper Funding Facility LLC (6) 14,299 - 181 - 242,988 Net portfolio holdings of Maiden Lane LLC (7) 26,339 + 18 - 610 Net portfolio holdings of Maiden Lane II LLC (8) 15,733 - 276 + 15,733 Net portfolio holdings of Maiden Lane III LLC (9) 22,932 - 301 + 22,932 Items in process of collection (359) 411 - 37 - 715 Bank premises 2,226 + 2 + 55 Central bank liquidity swaps (10) 29,088 - 2,796 - 540,628 Other assets (11) 89,857 + 1,646 + 48,315 Total assets (359) 2,138,173 - 30,037 - 76,282 Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table. 8. 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 Nov 11, 2009 Nov 4, 2009 Nov 12, 2008 Liabilities Federal Reserve notes, net of F.R. Bank holdings 880,880 + 3,390 + 52,432 Reverse repurchase agreements (12) 60,403 - 332 - 41,915 Deposits (0) 1,127,923 - 35,938 - 107,008 Depository institutions 1,044,235 - 20,883 + 449,882 U.S. Treasury, general account 62,930 - 18,646 + 9,945 U.S. Treasury, supplementary financing account 14,999 0 - 543,893 Foreign official 1,696 + 260 + 1,262 Other (0) 4,063 + 3,331 - 24,204 Deferred availability cash items (359) 3,160 + 176 + 245 Other liabilities and accrued dividends (13) 12,825 + 1,048 + 8,887 Total liabilities (359) 2,085,190 - 31,656 - 87,360 Capital accounts Capital paid in 25,173 + 60 + 4,801 Surplus 21,423 + 8 + 2,889 Other capital accounts 6,387 + 1,551 + 3,389 Total capital 52,983 + 1,619 + 11,078 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 9. 7. Refer to table 4 and the note on consolidation accompanying table 9. 8. Refer to table 5 and the note on consolidation accompanying table 9. 9. Refer to table 6 and the note on consolidation accompanying table 9. 10. 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. 11. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates. 12. Cash value of agreements, which are collateralized by U.S. Treasury securities. 13. Includes the liabilities of Commercial Paper Funding Facility LLC, 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 7 and the note on consolidation accompanying table 9. 9. Statement of Condition of Each Federal Reserve Bank, November 11, 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 2,060 67 78 167 153 288 250 272 35 62 140 219 331 Securities, repurchase agreements, term auction credit, and other loans 1,918,991 41,152 853,412 32,154 68,476 62,735 205,553 186,965 68,079 28,562 77,790 82,739 211,374 Securities held outright (1) 1,701,766 32,645 665,178 26,401 67,233 61,327 205,039 184,149 66,669 28,173 76,816 82,283 205,851 U.S. Treasury securities 776,520 14,896 303,522 12,047 30,679 27,983 93,560 84,028 30,421 12,856 35,051 37,546 93,930 Bills (2) 18,423 353 7,201 286 728 664 2,220 1,994 722 305 832 891 2,228 Notes and bonds (3) 758,097 14,543 296,321 11,761 29,951 27,320 91,340 82,034 29,699 12,551 34,220 36,655 91,702 Federal agency debt securities (2) 149,673 2,871 58,503 2,322 5,913 5,394 18,034 16,196 5,864 2,478 6,756 7,237 18,105 Mortgage-backed securities (4) 775,573 14,878 303,153 12,032 30,641 27,949 93,446 83,925 30,384 12,840 35,009 37,500 93,816 Repurchase agreements (5) 0 0 0 0 0 0 0 0 0 0 0 0 0 Term auction credit 109,456 8,342 82,085 5,528 1,243 1,168 231 2,406 1,382 289 965 450 5,368 Other loans 107,769 165 106,148 224 0 241 283 410 29 100 8 7 154 Net portfolio holdings of Commercial Paper Funding Facility LLC (6) 14,299 0 14,299 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of Maiden Lane LLC (7) 26,339 0 26,339 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of Maiden Lane II LLC (8) 15,733 0 15,733 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of Maiden Lane III LLC (9) 22,932 0 22,932 0 0 0 0 0 0 0 0 0 0 Items in process of collection 771 36 0 117 97 56 142 61 38 31 51 52 89 Bank premises 2,226 121 249 70 145 238 221 205 134 111 269 251 212 Central bank liquidity swaps (10) 29,088 1,182 7,428 3,242 2,173 8,374 2,257 985 294 454 291 379 2,029 Other assets (11) 89,857 2,304 31,839 3,905 4,443 9,877 9,621 7,665 2,766 1,476 3,111 3,409 9,441 Interdistrict settlement account 0 + 6,870 + 9,218 + 23,518 - 18,556 + 239,060 - 61,002 - 82,184 - 34,128 - 7,798 - 27,630 - 14,518 - 32,849 Total assets 2,138,533 52,339 987,240 63,832 57,635 321,921 159,052 115,304 37,698 23,185 54,510 73,434 192,382 Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table. 9. Statement of Condition of Each Federal Reserve Bank, November 11, 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 1,074,833 35,886 394,748 39,022 45,270 82,208 133,318 85,779 30,716 19,432 28,773 63,188 116,492 Less: Notes held by F.R. Banks 193,953 4,588 68,444 6,555 9,438 11,509 28,010 13,719 4,549 3,005 3,201 14,168 26,766 Federal Reserve notes, net 880,880 31,299 326,304 32,467 35,832 70,699 105,308 72,060 26,167 16,427 25,572 49,020 89,726 Reverse repurchase agreements (12) 60,403 1,159 23,610 937 2,386 2,177 7,278 6,536 2,366 1,000 2,727 2,921 7,307 Deposits 1,127,923 17,682 612,463 24,390 14,917 234,049 42,036 34,324 8,283 3,859 25,260 20,242 90,418 Depository institutions 1,044,235 17,678 529,047 24,386 14,913 233,867 42,030 34,279 8,281 3,859 25,259 20,241 90,397 U.S. Treasury, general account 62,930 0 62,930 0 0 0 0 0 0 0 0 0 0 U.S. Treasury, supplementary financing account 14,999 0 14,999 0 0 0 0 0 0 0 0 0 0 Foreign official 1,696 2 1,666 4 3 11 3 1 0 1 0 1 3 Other 4,063 3 3,821 0 1 171 2 43 2 0 1 0 19 Deferred availability cash items 3,519 100 0 549 460 152 415 295 72 290 213 238 734 Other liabilities and accrued dividends (13) 12,825 171 9,045 208 276 586 593 511 240 146 216 274 560 Total liabilities 2,085,550 50,410 971,421 58,551 53,872 307,662 155,629 113,726 37,128 21,723 53,988 72,695 188,745 Capital Capital paid in 25,173 945 7,316 2,617 1,855 7,132 1,512 617 239 712 209 350 1,668 Surplus 21,423 844 5,951 2,316 1,551 5,983 1,612 704 209 324 207 271 1,450 Other capital 6,387 140 2,552 347 356 1,145 299 256 121 426 106 118 519 Total liabilities and capital 2,138,533 52,339 987,240 63,832 57,635 321,921 159,052 115,304 37,698 23,185 54,510 73,434 192,382 Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table. 9. Statement of Condition of Each Federal Reserve Bank, November 11, 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 4 and the note on consolidation below. 8. Refer to table 5 and the note on consolidation below. 9. Refer to table 6 and the note on consolidation below. 10. 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. 11. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates. 12. Cash value of agreements, which are collateralized by U.S. Treasury securities. 13. Includes the liabilities of Commercial Paper Funding Facility LLC, 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 7 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 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 8), 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 8). 10. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts Millions of dollars Federal Reserve notes and collateral Wednesday Nov 11, 2009 Federal Reserve notes outstanding 1,074,833 Less: Notes held by F.R. Banks not subject to collateralization 193,953 Federal Reserve notes to be collateralized 880,880 Collateral held against Federal Reserve notes 880,880 Gold certificate account 11,037 Special drawing rights certificate account 5,200 U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 864,643 Other assets pledged 0 Memo: Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 1,701,766 Less: Face value of securities under reverse repurchase agreements 60,070 U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 1,641,695 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.