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 17, 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 16, 2009 Dec 9, 2009 Dec 17, 2008 Dec 16, 2009 Reserve Bank credit 2,190,568 + 22,764 - 35,220 2,218,036 Securities held outright (1) 1,807,332 + 21,044 +1,314,567 1,835,480 U.S. Treasury securities 776,561 + 11 + 300,383 776,565 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) 5,847 + 11 - 345 5,851 Federal agency debt securities (2) 156,788 + 1,260 + 140,201 157,685 Mortgage-backed securities (4) 873,984 + 19,774 + 873,984 901,231 Repurchase agreements (5) 0 0 - 80,000 0 Term auction credit 85,832 0 - 362,127 85,832 Other loans 86,771 + 2,292 - 125,754 86,195 Primary credit 19,093 - 257 - 69,314 19,217 Secondary credit 212 + 181 + 209 255 Seasonal credit 36 + 4 + 34 38 Primary dealer and other broker-dealer credit (6) 0 0 - 50,493 0 Asset-Backed Commercial Paper Money Market Mutual Fund Liquidity Facility 0 0 - 29,274 0 Credit extended to American International Group, Inc., net (7) 20,648 - 135 - 23,699 19,933 Term Asset-Backed Securities Loan Facility, net (8) 46,782 + 2,498 + 46,782 46,752 Other credit extensions 0 0 0 0 Net portfolio holdings of Commercial Paper Funding Facility LLC (9) 14,032 - 568 - 301,235 14,039 Net portfolio holdings of Maiden Lane LLC (10) 26,504 + 36 - 388 26,578 Net portfolio holdings of Maiden Lane II LLC (11) 15,572 - 36 - 1,947 15,578 Net portfolio holdings of Maiden Lane III LLC (12) 22,624 + 14 + 3,016 22,642 Net portfolio holdings of TALF LLC (13) 266 0 + 266 266 Preferred interests in AIA Aurora LLC and ALICO Holdings LLC (14) 25,000 0 + 25,000 25,000 Float -1,853 + 291 - 817 -2,320 Central bank liquidity swaps (15) 14,492 - 2,015 - 557,272 14,492 Other Federal Reserve assets (16) 93,997 + 1,706 + 51,472 94,255 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 5,200 0 + 3,000 5,200 Treasury currency outstanding (17) 42,691 + 14 + 4,017 42,691 Total factors supplying reserve funds 2,249,500 + 22,778 - 28,203 2,276,968 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 16, 2009 Dec 9, 2009 Dec 17, 2008 Dec 16, 2009 Currency in circulation (17) 922,713 + 1,440 + 47,567 923,808 Reverse repurchase agreements (18) 57,229 - 558 - 35,971 57,547 Foreign official and international accounts 56,869 - 816 - 14,902 57,367 Dealers 360 + 257 - 21,069 180 Treasury cash holdings 220 - 7 - 7 228 Deposits with F.R. Banks, other than reserve balances 103,164 + 49,302 - 351,584 152,111 U.S. Treasury, general account 76,741 + 44,948 - 2,891 132,157 U.S. Treasury, supplementary financing account 15,000 + 1 - 349,177 15,000 Foreign official 1,524 - 910 + 1,286 1,440 Service-related 3,194 + 62 - 1,424 3,194 Required clearing balances 3,132 0 - 1,459 3,132 Adjustments to compensate for float 62 + 62 + 35 62 Other 6,706 + 5,202 + 623 321 Other liabilities and capital (19) 69,522 + 2,421 + 15,546 73,177 Total factors, other than reserve balances, absorbing reserve funds 1,152,848 + 52,597 - 324,449 1,206,872 Reserve balances with Federal Reserve Banks 1,096,651 - 29,820 + 296,246 1,070,096 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 16, 2009 Dec 9, 2009 Dec 17, 2008 Dec 16, 2009 Marketable securities held in custody for foreign official and international accounts (1) 2,948,502 + 4,859 + 450,297 2,959,211 U.S. Treasury securities 2,177,062 + 5,570 + 520,499 2,186,221 Federal agency securities (2) 771,441 - 710 - 70,201 772,990 Securities lent to dealers 8,894 + 557 - 178,252 8,300 Overnight facility (3) 8,894 + 557 + 3,322 8,300 U.S. Treasury securities 8,001 + 583 + 2,429 7,396 Federal agency debt securities 893 - 26 + 893 904 Term facility (4) 0 0 - 181,575 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 16, 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) 15,022 4,488 0 66,685 0 --- 86,195 U.S. Treasury securities (2) Holdings 19,502 20,473 49,799 329,281 212,766 144,743 776,565 Weekly changes + 6,966 - 6,488 + 85 - 742 + 115 + 74 + 11 Federal agency debt securities (3) Holdings 0 2,868 21,350 97,854 33,566 2,047 157,685 Weekly changes - 30 + 1,277 - 983 + 1,276 0 0 + 1,540 Mortgage-backed securities (4) Holdings 0 0 0 0 0 901,231 901,231 Weekly changes 0 0 0 0 0 + 46,918 + 46,918 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) 10,265 4,227 0 0 0 0 14,492 Reverse repurchase agreements (7) 57,547 0 --- --- --- --- 57,547 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 16, 2009 Mortgage-backed securities held outright (1) 901,231 Commitments to buy mortgage-backed securities (2) 151,900 Commitments to sell mortgage-backed securities (2) 9,475 Cash and cash equivalents (3) 1,961 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 16, 2009 Net portfolio holdings of Maiden Lane LLC (1) 26,578 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) 407 Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3) 1,246 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 16, 2009 Net portfolio holdings of Maiden Lane II LLC (1) 15,578 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) 258 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 16, 2009 Net portfolio holdings of Maiden Lane III LLC (1) 22,642 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) 331 Outstanding principal amount and accrued interest on loan payable to American International Group, Inc. (3) 5,186 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 16, 2009 Commercial paper holdings, net (1) 9,218 Other investments, net 4,821 Net portfolio holdings of Commercial Paper Funding Facility LLC 14,039 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 16, 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 16, 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) 55 Preferred interests in AIA Aurora LLC (1) 16,000 Accrued dividends on preferred interests in AIA Aurora LLC (2) 35 Preferred interests in ALICO Holdings LLC (1) 9,000 Accrued dividends on preferred interests in ALICO Holdings LLC (2) 20 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 16, 2009 Dec 9, 2009 Dec 17, 2008 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 5,200 0 + 3,000 Coin 2,045 + 8 + 368 Securities, repurchase agreements, term auction credit, and other loans 2,007,507 + 50,365 + 779,245 Securities held outright (1) 1,835,480 + 48,468 +1,341,721 U.S. Treasury securities 776,565 + 11 + 300,427 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) 5,851 + 11 - 301 Federal agency debt securities (2) 157,685 + 1,540 + 140,064 Mortgage-backed securities (4) 901,231 + 46,918 + 901,231 Repurchase agreements (5) 0 0 - 80,000 Term auction credit 85,832 0 - 362,127 Other loans 86,195 + 1,897 - 120,349 Net portfolio holdings of Commercial Paper Funding Facility LLC (6) 14,039 + 12 - 304,804 Net portfolio holdings of Maiden Lane LLC (7) 26,578 + 87 - 332 Net portfolio holdings of Maiden Lane II LLC (8) 15,578 + 7 - 4,453 Net portfolio holdings of Maiden Lane III LLC (9) 22,642 + 21 + 2,986 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 (272) 325 - 71 - 578 Bank premises 2,239 + 5 + 54 Central bank liquidity swaps (12) 14,492 - 2,013 - 568,643 Other assets (13) 92,021 + 961 + 50,373 Total assets (272) 2,238,968 + 49,382 - 17,519 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 16, 2009 Dec 9, 2009 Dec 17, 2008 Liabilities Federal Reserve notes, net of F.R. Bank holdings 883,387 + 192 + 42,646 Reverse repurchase agreements (14) 57,547 + 1,031 - 14,381 Deposits (2) 1,222,213 + 41,099 - 64,664 Depository institutions 1,073,295 - 33,374 + 271,553 U.S. Treasury, general account 132,157 + 76,793 + 11,714 U.S. Treasury, supplementary financing account 15,000 + 1 - 349,177 Foreign official 1,440 - 876 + 1,250 Other (2) 321 - 1,445 - 4 Deferred availability cash items (271) 2,645 + 182 + 236 Other liabilities and accrued dividends (15) 20,927 + 6,780 + 11,699 Total liabilities (272) 2,186,718 + 49,283 - 24,465 Capital accounts Capital paid in 25,637 + 12 + 4,567 Surplus 21,465 + 8 + 4,280 Other capital accounts 5,149 + 79 - 1,900 Total capital 52,251 + 99 + 6,947 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 16, 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 2,045 65 77 165 151 291 225 297 34 62 138 216 324 Securities, repurchase agreements, term auction credit, and other loans 2,007,507 42,666 861,708 33,579 74,344 67,444 221,543 201,122 73,046 30,700 83,817 89,303 228,234 Securities held outright (1) 1,835,480 35,210 717,444 28,476 72,516 66,145 221,150 198,619 71,907 30,387 82,852 88,748 222,026 U.S. Treasury securities 776,565 14,897 303,540 12,048 30,681 27,985 93,565 84,033 30,423 12,856 35,053 37,548 93,936 Bills (2) 18,423 353 7,201 286 728 664 2,220 1,994 722 305 832 891 2,228 Notes and bonds (3) 758,142 14,544 296,339 11,762 29,953 27,321 91,346 82,039 29,701 12,551 34,222 36,657 91,707 Federal agency debt securities (2) 157,685 3,025 61,635 2,446 6,230 5,682 18,999 17,063 6,177 2,611 7,118 7,624 19,074 Mortgage-backed securities (4) 901,231 17,288 352,269 13,982 35,606 32,478 108,586 97,523 35,307 14,920 40,681 43,576 109,016 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 86,195 124 85,055 30 1 177 115 354 16 33 10 5 276 Net portfolio holdings of Commercial Paper Funding Facility LLC (6) 14,039 0 14,039 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of Maiden Lane LLC (7) 26,578 0 26,578 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of Maiden Lane II LLC (8) 15,578 0 15,578 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of Maiden Lane III LLC (9) 22,642 0 22,642 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 597 27 0 97 133 14 66 38 39 31 38 48 67 Bank premises 2,239 121 260 70 145 237 222 206 135 111 268 252 213 Central bank liquidity swaps (12) 14,492 581 3,856 1,592 1,067 4,112 1,108 484 144 223 143 186 996 Other assets (13) 92,021 2,333 32,762 3,934 4,511 9,857 9,872 7,925 2,836 1,508 3,221 3,525 9,738 Interdistrict settlement account 0 + 18,270 + 40,781 + 25,125 - 19,986 + 213,445 - 73,434 - 90,835 - 34,776 - 8,993 - 32,684 - 22,206 - 14,706 Total assets 2,239,241 64,671 1,049,259 65,222 61,068 296,694 161,612 120,571 41,936 23,927 55,430 72,227 226,622 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 16, 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 1,082,029 35,955 398,708 38,700 45,063 82,736 135,792 85,696 30,641 19,405 28,826 63,311 117,195 Less: Notes held by F.R. Banks 198,643 4,075 72,567 6,279 8,284 10,782 31,686 12,906 4,326 2,787 3,056 14,130 27,764 Federal Reserve notes, net 883,387 31,879 326,141 32,421 36,779 71,954 104,106 72,790 26,315 16,619 25,770 49,181 89,431 Reverse repurchase agreements (14) 57,547 1,104 22,494 893 2,274 2,074 6,934 6,227 2,254 953 2,598 2,782 6,961 Deposits 1,222,214 29,370 673,432 25,867 17,089 207,515 45,231 38,387 12,156 4,291 25,808 18,616 124,453 Depository institutions 1,073,295 29,359 524,676 25,863 17,086 207,418 45,226 38,354 12,153 4,290 25,806 18,615 124,450 U.S. Treasury, general account 132,157 0 132,157 0 0 0 0 0 0 0 0 0 0 U.S. Treasury, supplementary financing account 15,000 0 15,000 0 0 0 0 0 0 0 0 0 0 Foreign official 1,440 2 1,411 4 3 11 3 1 0 1 0 1 3 Other 323 10 189 0 1 85 2 32 3 0 1 0 1 Deferred availability cash items 2,915 79 0 302 444 117 335 231 101 330 162 186 627 Other liabilities and accrued dividends (15) 20,927 344 11,699 365 635 928 1,669 1,465 576 295 618 700 1,633 Total liabilities 2,186,990 62,777 1,033,765 59,849 57,221 282,587 158,275 119,100 41,403 22,487 54,955 71,465 223,105 Capital Capital paid in 25,637 944 7,440 2,800 1,910 7,136 1,581 623 240 712 210 353 1,687 Surplus 21,465 844 5,992 2,316 1,551 5,983 1,612 704 209 324 207 271 1,450 Other capital 5,149 105 2,061 257 386 988 144 144 84 405 57 138 380 Total liabilities and capital 2,239,241 64,671 1,049,259 65,222 61,068 296,694 161,612 120,571 41,936 23,927 55,430 72,227 226,622 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 16, 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 16, 2009 Federal Reserve notes outstanding 1,082,029 Less: Notes held by F.R. Banks not subject to collateralization 198,643 Federal Reserve notes to be collateralized 883,387 Collateral held against Federal Reserve notes 883,387 Gold certificate account 11,037 Special drawing rights certificate account 5,200 U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 867,150 Other assets pledged 0 Memo: Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 1,835,480 Less: Face value of securities under reverse repurchase agreements 56,986 U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 1,778,495 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.