FEDERAL RESERVE statistical release For Release at 4:30 P.M. EDT June 12, 2014 Table 10 line items “Less: Face value of securities under reverse repurchase agreements” and “U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged” have been corrected to include securities pledged as collateral for tri-party reverse repurchase agreements. The revised data are reported at the following link: http://www.federalreserve.gov/releases/h41/2014update.htm. Historical data incorporating this correction can be accessed through the Data Download Program (DDP) at http://www.federalreserve.gov/datadownload/Choose.aspx?rel=H41. FEDERAL RESERVE statistical release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks December 10, 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 Dec 9, 2009 Dec 2, 2009 Dec 10, 2008 Dec 9, 2009 Reserve Bank credit 2,167,804 - 19,268 - 69,090 2,168,857 Securities held outright (1) 1,786,288 + 2,527 +1,296,896 1,787,012 U.S. Treasury securities 776,550 + 11 + 300,264 776,554 Bills (2) 18,423 0 0 18,423 Notes and bonds, nominal (2) 707,649 0 + 297,158 707,649 Notes and bonds, inflation-indexed (2) 44,643 0 + 3,572 44,643 Inflation compensation (3) 5,836 + 11 - 464 5,840 Federal agency debt securities (2) 155,528 + 462 + 142,422 156,145 Mortgage-backed securities (4) 854,210 + 2,054 + 854,210 854,313 Repurchase agreements (5) 0 0 - 80,000 0 Term auction credit 85,832 - 15,177 - 362,127 85,832 Other loans 84,479 - 18,036 - 156,111 84,298 Primary credit 19,350 - 468 - 70,811 19,094 Secondary credit 31 + 31 - 47 208 Seasonal credit 32 - 15 + 30 34 Primary dealer and other broker-dealer credit (6) 0 0 - 52,802 0 Asset-Backed Commercial Paper Money Market Mutual Fund Liquidity Facility 0 0 - 40,826 0 Credit extended to American International Group, Inc., net (7) 20,783 - 17,389 - 35,940 21,097 Term Asset-Backed Securities Loan Facility, net (8) 44,284 - 194 + 44,284 43,865 Other credit extensions 0 0 0 0 Net portfolio holdings of Commercial Paper Funding Facility LLC (9) 14,600 - 441 - 293,918 14,027 Net portfolio holdings of Maiden Lane LLC (10) 26,468 + 74 - 586 26,491 Net portfolio holdings of Maiden Lane II LLC (11) 15,608 - 238 + 15,608 15,571 Net portfolio holdings of Maiden Lane III LLC (12) 22,610 - 357 + 1,653 22,621 Net portfolio holdings of TALF LLC (13) 266 0 + 266 266 Preferred interests in AIA Aurora LLC and ALICO Holdings LLC (14) 25,000 + 17,857 + 25,000 25,000 Float -2,144 - 401 - 1,107 -2,067 Central bank liquidity swaps (15) 16,507 - 6,927 - 566,254 16,505 Other Federal Reserve assets (16) 92,291 + 1,851 + 51,590 93,302 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 5,200 0 + 3,000 5,200 Treasury currency outstanding (17) 42,677 + 14 + 4,003 42,677 Total factors supplying reserve funds 2,226,722 - 19,254 - 62,087 2,227,775 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 Dec 9, 2009 Dec 2, 2009 Dec 10, 2008 Dec 9, 2009 Currency in circulation (17) 921,273 - 1,697 + 49,457 923,620 Reverse repurchase agreements (18) 57,787 - 366 - 34,167 56,516 Foreign official and international accounts 57,685 - 468 - 9,269 56,336 Dealers 103 + 103 - 24,897 180 Treasury cash holdings 227 - 5 - 14 218 Deposits with F.R. Banks, other than reserve balances 53,863 - 5,886 - 439,663 77,577 U.S. Treasury, general account 31,793 - 6,450 - 17,736 55,364 U.S. Treasury, supplementary financing account 14,999 0 - 389,124 14,999 Foreign official 2,434 - 165 + 2,246 2,316 Service-related 3,132 + 99 - 1,460 3,132 Required clearing balances 3,132 + 99 - 1,459 3,132 Adjustments to compensate for float 0 0 - 1 0 Other 1,504 + 630 - 33,591 1,766 Other liabilities and capital (19) 67,101 + 1,555 + 13,705 66,298 Total factors, other than reserve balances, absorbing reserve funds 1,100,251 - 6,399 - 410,681 1,124,230 Reserve balances with Federal Reserve Banks 1,126,471 - 12,855 + 348,594 1,103,545 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. Includes credit extended by the Federal Reserve Bank of New York to eligible borrowers through the Term Asset-Backed Securities Loan Facility, net of unamortized deferred administrative fees. 9. Refer to table 7 and the note on consolidation accompanying table 11. 10. Refer to table 4 and the note on consolidation accompanying table 11. 11. Refer to table 5 and the note on consolidation accompanying table 11. 12. Refer to table 6 and the note on consolidation accompanying table 11. 13. Refer to table 8 and the note on consolidation accompanying table 11. 14. Refer to table 9. 15. 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. 16. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates, and accrued dividends on the Federal Reserve Bank of New York's preferred interests in AIA Aurora LLC and ALICO Holdings LLC. 17. Estimated. 18. Cash value of agreements, which are collateralized by U.S. Treasury securities and federal agency debt securities. 19. Includes the liabilities of Commercial Paper Funding Facility LLC, Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF 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 11. 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 Dec 9, 2009 Dec 2, 2009 Dec 10, 2008 Dec 9, 2009 Marketable securities held in custody for foreign official and international accounts (1) 2,943,643 + 12,143 + 449,865 2,942,263 U.S. Treasury securities 2,171,492 + 7,982 + 536,546 2,170,576 Federal agency securities (2) 772,151 + 4,160 - 86,682 771,687 Securities lent to dealers 8,337 - 898 - 181,629 7,519 Overnight facility (3) 8,337 - 898 + 3,517 7,519 U.S. Treasury securities 7,418 - 320 + 2,598 6,702 Federal agency debt securities 919 - 577 + 919 817 Term facility (4) 0 0 - 185,146 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, December 9, 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 55,949 29,882 --- --- --- --- 85,832 Other loans (1) 14,929 4,408 0 64,962 0 --- 84,298 U.S. Treasury securities (2) Holdings 12,536 26,961 49,714 330,023 212,651 144,669 776,554 Weekly changes - 2,503 + 2,504 + 1 + 3 + 2 + 4 + 11 Federal agency debt securities (3) Holdings 30 1,591 22,333 96,578 33,566 2,047 156,145 Weekly changes 0 0 0 + 908 + 171 0 + 1,079 Mortgage-backed securities (4) Holdings 0 0 0 0 0 854,313 854,313 Weekly changes 0 0 0 0 0 + 2,141 + 2,141 Commercial paper held by Commercial Paper Funding Facility LLC (5) 0 9,440 0 --- --- --- 9,440 Asset-backed securities held by TALF LLC (6) 0 0 0 0 0 0 0 Repurchase agreements (7) 0 0 --- --- --- --- 0 Central bank liquidity swaps (8) 12,278 4,227 0 0 0 0 16,505 Reverse repurchase agreements (7) 56,516 0 --- --- --- --- 56,516 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, Maiden Lane III LLC, and TALF 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 asset-backed securities held by TALF LLC, which is the remaining principal balance of the underlying assets. 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 Dec 9, 2009 Mortgage-backed securities held outright (1) 854,313 Commitments to buy mortgage-backed securities (2) 187,488 Commitments to sell mortgage-backed securities (2) 11,250 Cash and cash equivalents (3) 1,917 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 10 and table 11. 4. Information on Principal Accounts of Maiden Lane LLC Millions of dollars Wednesday Account name Dec 9, 2009 Net portfolio holdings of Maiden Lane LLC (1) 26,491 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) 404 Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3) 1,244 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 11. 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 10 and table 11. 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 Dec 9, 2009 Net portfolio holdings of Maiden Lane II LLC (1) 15,571 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 15,739 Accrued interest payable to the Federal Reserve Bank of New York (2) 254 Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc. (3) 1,035 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 11. 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 10 and table 11. 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 Dec 9, 2009 Net portfolio holdings of Maiden Lane III LLC (1) 22,621 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 18,159 Accrued interest payable to the Federal Reserve Bank of New York (2) 327 Outstanding principal amount and accrued interest on loan payable to American International Group, Inc. (3) 5,183 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 11. 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 10 and table 11. 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 Dec 9, 2009 Commercial paper holdings, net (1) 9,203 Other investments, net 4,824 Net portfolio holdings of Commercial Paper Funding Facility LLC 14,027 Memorandum: Commercial paper holdings, face value 9,440 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 9,374 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 11. 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 TALF LLC Millions of dollars Wednesday Account name Dec 9, 2009 Asset-backed securities holdings (1) 0 Other investments, net 266 Net portfolio holdings of TALF LLC 266 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 Funding provided by U.S. Treasury to TALF LLC, including accrued interest payable (3) 102 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. 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 11. 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 10 and table 11. Note: On November 25, 2008, the Federal Reserve announced the creation of the Term Asset-Backed Securities Loan Facility (TALF) under the authority of section 13(3) of the Federal Reserve Act. The TALF is a facility under which the Federal Reserve Bank of New York (FRBNY) extends loans with a term of up to five years to holders of eligible asset-backed securities. The TALF is intended to assist financial markets in accommodating the credit needs of consumers and businesses by facilitating the issuance of asset-backed securities collateralized by a variety of consumer and business loans. The loans provided through the TALF to eligible borrowers are non-recourse, meaning that the obligation of the borrower can be discharged by surrendering the collateral to the FRBNY. The loans are extended for the market value of the security less an amount known as a haircut. As a result, the borrower bears the initial risk of a decline in the value of the security. TALF LLC is a limited liability company formed to purchase and manage any asset-backed securities received by the FRBNY in connection with the decision of a borrower not to repay a TALF loan. TALF LLC has committed, for a fee, to purchase all asset-backed securities received by the FRBNY in conjunction with a TALF loan at a price equal to the TALF loan plus accrued but unpaid interest. Losses on asset-backed securities held by TALF LLC will be offset in the following order: by the commitment fees collected by TALF LLC, by the interest received on investments of TALF LLC, by up to $20 billion in subordinated debt funding provided by the U.S. Treasury, and finally, by senior debt funding provided by the FRBNY. Payments by TALF LLC from the proceeds of its net portfolio holdings will be made in the following order: operating expenses of TALF LLC, principal due to the FRBNY, principal due to the U.S. Treasury, interest due to the FRBNY, and interest due to the U.S. Treasury. Any remaining funds will be shared by the FRBNY and the U.S. Treasury. 9. Supplemental Information on the Federal Reserve Bank of New York's Preferred Interests in AIA Aurora LLC and ALICO Holdings LLC Millions of dollars Wednesday Account name Dec 9, 2009 Preferred interests in AIA Aurora LLC and ALICO Holdings LLC (1) 25,000 Accrued dividends on preferred interests in AIA Aurora LLC and ALICO Holdings LLC (2) 31 Preferred interests in AIA Aurora LLC (1) 16,000 Accrued dividends on preferred interests in AIA Aurora LLC (2) 20 Preferred interests in ALICO Holdings LLC (1) 9,000 Accrued dividends on preferred interests in ALICO Holdings LLC (2) 11 Note: Components may not sum to totals because of rounding. 1. Book value. 2. This amount is included in other Federal Reserve assets in table 1 and in other assets in table 10 and table 11. Note on preferred interests: In conjunction with the restructuring of the government's assistance to American International Group, Inc. (AIG) announced March 2, 2009, the outstanding balance and amount available of revolving credit provided to AIG by the FRBNY has been reduced in exchange for preferred interests in two special purpose vehicles, AIA Aurora LLC and ALICO Holdings LLC. These two limited liability companies were created to directly or indirectly hold all of the outstanding common stock of American International Assurance Company Ltd. (AIA) and American Life Insurance Company (ALICO), two life insurance subsidiaries of AIG. AIG will retain control of AIA Aurora LLC and ALICO Holdings LLC, and the FRBNY will have certain consent, disposition, and conversion rights with respect to its preferred interests. Dividends accrue as a percentage of the FRBNY's preferred interests in AIA Aurora LLC and ALICO Holdings LLC. On a quarterly basis, the accrued dividends are capitalized and added to the FRBNY's preferred interests in AIA Aurora LLC and ALICO Holdings LLC. 10. Consolidated Statement of Condition of All Federal Reserve Banks Millions of dollars Eliminations Change since from Wednesday Wednesday Wednesday Assets, liabilities, and capital consolidation Dec 9, 2009 Dec 2, 2009 Dec 10, 2008 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 5,200 0 + 3,000 Coin 2,037 + 18 + 376 Securities, repurchase agreements, term auction credit, and other loans 1,957,142 - 12,465 + 704,010 Securities held outright (1) 1,787,012 + 3,232 +1,294,954 U.S. Treasury securities 776,554 + 11 + 300,308 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) 5,840 + 11 - 421 Federal agency debt securities (2) 156,145 + 1,079 + 140,333 Mortgage-backed securities (4) 854,313 + 2,141 + 854,313 Repurchase agreements (5) 0 0 - 80,000 Term auction credit 85,832 - 15,177 - 362,127 Other loans 84,298 - 519 - 148,817 Net portfolio holdings of Commercial Paper Funding Facility LLC (6) 14,027 - 1,005 - 298,387 Net portfolio holdings of Maiden Lane LLC (7) 26,491 + 27 - 398 Net portfolio holdings of Maiden Lane II LLC (8) 15,571 - 276 + 15,571 Net portfolio holdings of Maiden Lane III LLC (9) 22,621 - 368 + 3,021 Net portfolio holdings of TALF LLC (10) 266 0 + 266 Preferred interests in AIA Aurora LLC and ALICO Holdings LLC (11) 25,000 0 + 25,000 Items in process of collection (379) 396 - 39 - 614 Bank premises 2,234 + 3 + 58 Central bank liquidity swaps (12) 16,505 - 6,533 - 566,070 Other assets (13) 91,060 + 2,939 + 52,220 Total assets (379) 2,189,586 - 17,700 - 61,948 Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table. 10. 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 Dec 9, 2009 Dec 2, 2009 Dec 10, 2008 Liabilities Federal Reserve notes, net of F.R. Bank holdings 883,195 + 778 + 45,632 Reverse repurchase agreements (14) 56,516 - 1,042 - 35,576 Deposits (0) 1,181,114 - 18,783 - 86,535 Depository institutions 1,106,669 - 15,341 + 328,827 U.S. Treasury, general account 55,364 - 4,800 + 13,718 U.S. Treasury, supplementary financing account 14,999 0 - 389,124 Foreign official 2,316 + 236 + 2,128 Other (0) 1,766 + 1,122 - 42,084 Deferred availability cash items (379) 2,463 - 98 + 138 Other liabilities and accrued dividends (15) 14,147 + 1,976 + 5,508 Total liabilities (379) 2,137,435 - 17,170 - 70,833 Capital accounts Capital paid in 25,625 + 187 + 4,616 Surplus 21,457 + 9 + 4,277 Other capital accounts 5,070 - 725 - 7 Total capital 52,152 - 529 + 8,885 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 11. 7. Refer to table 4 and the note on consolidation accompanying table 11. 8. Refer to table 5 and the note on consolidation accompanying table 11. 9. Refer to table 6 and the note on consolidation accompanying table 11. 10. Refer to table 8 and the note on consolidation accompanying table 11. 11. Refer to 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, and accrued dividends on the Federal Reserve Bank of New York's preferred interests in AIA Aurora LLC and ALICO Holdings LLC. 14. Cash value of agreements, which are collateralized by U.S. Treasury securities and federal agency debt securities. 15. Includes the liabilities of Commercial Paper Funding Facility LLC, Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF 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 11. 11. Statement of Condition of Each Federal Reserve Bank, December 9, 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 2,037 66 78 164 147 289 231 291 33 62 138 216 322 Securities, repurchase agreements, term auction credit, and other loans 1,957,142 41,724 841,034 32,838 72,431 65,631 215,688 195,902 71,136 29,901 81,637 86,959 222,260 Securities held outright (1) 1,787,012 34,280 698,499 27,724 70,601 64,399 215,310 193,374 70,008 29,585 80,664 86,405 216,163 U.S. Treasury securities 776,554 14,897 303,536 12,047 30,680 27,985 93,564 84,031 30,422 12,856 35,053 37,547 93,934 Bills (2) 18,423 353 7,201 286 728 664 2,220 1,994 722 305 832 891 2,228 Notes and bonds (3) 758,131 14,543 296,335 11,762 29,952 27,321 91,344 82,038 29,701 12,551 34,221 36,657 91,706 Federal agency debt securities (2) 156,145 2,995 61,033 2,422 6,169 5,627 18,813 16,897 6,117 2,585 7,048 7,550 18,888 Mortgage-backed securities (4) 854,313 16,388 333,930 13,254 33,752 30,787 102,933 92,446 33,469 14,143 38,563 41,307 103,341 Repurchase agreements (5) 0 0 0 0 0 0 0 0 0 0 0 0 0 Term auction credit 85,832 7,332 59,209 5,073 1,827 1,122 279 2,150 1,123 280 955 550 5,933 Other loans 84,298 111 83,326 41 2 111 100 378 5 37 18 5 164 Net portfolio holdings of Commercial Paper Funding Facility LLC (6) 14,027 0 14,027 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of Maiden Lane LLC (7) 26,491 0 26,491 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of Maiden Lane II LLC (8) 15,571 0 15,571 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of Maiden Lane III LLC (9) 22,621 0 22,621 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of TALF LLC (10) 266 0 266 0 0 0 0 0 0 0 0 0 0 Preferred interests in AIA Aurora LLC and ALICO Holdings LLC (11) 25,000 0 25,000 0 0 0 0 0 0 0 0 0 0 Items in process of collection 775 32 0 170 95 24 103 27 58 24 48 118 75 Bank premises 2,234 120 257 70 145 237 222 206 135 111 268 252 212 Central bank liquidity swaps (12) 16,505 661 4,391 1,813 1,215 4,683 1,262 551 164 254 163 212 1,135 Other assets (13) 91,060 2,322 32,274 4,025 4,484 9,906 9,758 7,796 2,787 1,495 3,167 3,466 9,582 Interdistrict settlement account 0 + 17,982 + 36,985 + 22,520 - 18,999 + 224,509 - 71,610 - 88,105 - 34,139 - 8,231 - 29,935 - 23,028 - 27,950 Total assets 2,189,965 63,516 1,024,707 62,260 60,222 306,573 157,664 118,003 40,654 23,904 55,973 69,097 207,392 Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table. 11. Statement of Condition of Each Federal Reserve Bank, December 9, 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 1,082,208 35,931 399,051 38,847 45,097 82,741 135,569 85,789 30,681 19,442 28,892 63,207 116,962 Less: Notes held by F.R. Banks 199,014 4,243 72,748 6,336 8,495 10,965 31,161 13,094 4,397 2,814 3,087 14,287 27,387 Federal Reserve notes, net 883,195 31,688 326,304 32,510 36,602 71,776 104,408 72,695 26,284 16,628 25,804 48,920 89,575 Reverse repurchase agreements (14) 56,516 1,084 22,091 877 2,233 2,037 6,809 6,116 2,214 936 2,551 2,733 6,836 Deposits 1,181,114 28,590 650,700 22,810 16,916 217,862 42,173 37,042 11,342 4,448 26,764 16,096 106,369 Depository institutions 1,106,669 28,568 576,431 22,806 16,913 217,764 42,170 37,007 11,340 4,447 26,763 16,096 106,366 U.S. Treasury, general account 55,364 0 55,364 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 2,316 2 2,286 4 3 11 3 1 0 1 0 1 3 Other 1,766 21 1,620 0 0 86 0 33 2 0 1 0 1 Deferred availability cash items 2,842 80 0 442 342 111 333 176 47 303 157 310 541 Other liabilities and accrued dividends (15) 14,147 174 10,233 227 290 601 632 522 240 152 222 278 577 Total liabilities 2,137,814 61,616 1,009,328 56,866 56,383 292,387 154,356 116,550 40,128 22,466 55,499 68,337 203,898 Capital Capital paid in 25,625 944 7,432 2,800 1,910 7,136 1,580 623 240 712 210 350 1,687 Surplus 21,457 844 5,984 2,316 1,551 5,983 1,612 704 209 324 207 271 1,450 Other capital 5,070 111 1,964 278 377 1,067 117 126 77 402 56 139 357 Total liabilities and capital 2,189,965 63,516 1,024,707 62,260 60,222 306,573 157,664 118,003 40,654 23,904 55,973 69,097 207,392 Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table. 11. Statement of Condition of Each Federal Reserve Bank, December 9, 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. Refer to table 8 and the note on consolidation below. 11. Refer to 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, and accrued dividends on the Federal Reserve Bank of New York's preferred interests in AIA Aurora LLC and ALICO Holdings LLC. 14. Cash value of agreements, which are collateralized by U.S. Treasury securities and federal agency debt securities. 15. Includes the liabilities of Commercial Paper Funding Facility LLC, Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF 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 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. On November 25, 2008, the Federal Reserve Board authorized the FRBNY to extend credit to TALF LLC, which was formed to purchase and manage any asset-backed securities received by the FRBNY in connection with the decision of a borrower not to repay a loan extended under the Term Asset-Backed Securities Loan Facility. The FRBNY is the sole beneficiary of Commercial Paper Funding Facility LLC. The FRBNY is the primary beneficiary of TALF LLC, because of the two beneficiaries of the LLC, the FRBNY and the U.S. Treasury, the FRBNY is primarily responsible for directing the financial activities of TALF LLC. The FRBNY is the primary beneficiary of the other LLCs cited above because it will receive a majority of any residual returns of the LLCs and absorb a majority of any residual losses of the LLCs. 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 10), 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 10). 12. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts Millions of dollars Federal Reserve notes and collateral Wednesday Dec 9, 2009 Federal Reserve notes outstanding 1,082,208 Less: Notes held by F.R. Banks not subject to collateralization 199,014 Federal Reserve notes to be collateralized 883,195 Collateral held against Federal Reserve notes 883,195 Gold certificate account 11,037 Special drawing rights certificate account 5,200 U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 866,958 Other assets pledged 0 Memo: Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 1,787,012 Less: Face value of securities under reverse repurchase agreements 55,768 U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 1,731,244 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.