FEDERAL RESERVE statistical release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks April 23, 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 Apr 22, 2009 Apr 15, 2009 Apr 23, 2008 Apr 22, 2009 Reserve Bank credit 2,169,120 + 70,357 +1,301,135 2,179,358 Securities held outright 954,046 + 94,506 + 405,395 967,070 U.S. Treasury securities (1) 528,690 + 14,125 - 19,961 534,969 Bills (2) 18,423 0 - 51,894 18,423 Notes and bonds, nominal (2) 465,032 + 12,440 + 29,981 471,032 Notes and bonds, inflation-indexed (2) 40,761 + 1,370 + 2,324 40,976 Inflation compensation (3) 4,474 + 316 - 372 4,538 Federal agency debt securities (2) 62,757 + 4,997 + 62,757 64,511 Mortgage-backed securities (4) 362,599 + 75,384 + 362,599 367,590 Repurchase agreements (5) 0 0 - 107,786 0 Term auction credit 455,799 - 1 + 355,799 455,799 Other loans 104,701 - 9,718 + 71,311 102,988 Primary credit 43,112 - 5,378 + 32,381 43,756 Secondary credit 61 - 6 + 61 62 Seasonal credit 1 - 1 - 25 1 Primary dealer and other broker-dealer credit (6) 9,214 - 3,672 - 13,420 8,000 Asset-Backed Commercial Paper Money Market Mutual Fund Liquidity Facility 950 - 1,745 + 950 804 Credit extended to American International Group, Inc. (7) 44,983 - 123 + 44,983 43,986 Term Asset-Backed Securities Loan Facility 6,379 + 1,205 + 6,379 6,379 Other credit extensions 0 0 0 0 Net portfolio holdings of Commercial Paper Funding Facility LLC (8) 240,897 - 9,351 + 240,897 242,431 Net portfolio holdings of LLCs funded through the Money Market Investor Funding Facility (9) 0 0 0 0 Net portfolio holdings of Maiden Lane LLC (10) 26,445 + 41 + 26,445 26,481 Net portfolio holdings of Maiden Lane II LLC (11) 18,237 + 9 + 18,237 18,253 Net portfolio holdings of Maiden Lane III LLC (12) 27,414 + 55 + 27,414 27,429 Float -2,352 - 213 - 489 -2,960 Central bank liquidity swaps (13) 286,274 - 7,259 + 250,274 282,863 Other Federal Reserve assets (14) 57,658 + 2,286 + 13,637 59,005 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding (15) 42,276 + 14 + 3,555 42,276 Total factors supplying reserve funds 2,224,637 + 70,371 +1,304,690 2,234,875 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 Apr 22, 2009 Apr 15, 2009 Apr 23, 2008 Apr 22, 2009 Currency in circulation (15) 903,255 - 1,519 + 90,423 903,043 Reverse repurchase agreements (16) 65,766 - 5,613 + 25,720 64,681 Foreign official and international accounts 65,766 - 5,613 + 25,720 64,681 Dealers 0 0 0 0 Treasury cash holdings 333 + 10 - 18 327 Deposits with F.R. Banks, other than reserve balances 274,247 - 9,514 + 261,247 299,767 U.S. Treasury, general account 65,720 + 23,854 + 60,283 93,533 U.S. Treasury, supplementary financing account 199,929 0 + 199,929 199,929 Foreign official 2,299 - 175 + 2,197 1,594 Service-related 4,368 - 37 - 2,782 4,368 Required clearing balances 4,368 0 - 2,782 4,368 Adjustments to compensate for float 0 - 37 0 0 Other 1,931 - 33,157 + 1,621 343 Other liabilities and capital (17) 56,108 - 1 + 12,458 55,693 Total factors, other than reserve balances, absorbing reserve funds 1,299,709 - 16,637 + 389,830 1,323,511 Reserve balances with Federal Reserve Banks 924,928 + 87,007 + 914,860 911,364 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. Excludes credit extended to consolidated LLCs. 8. Refer to table 7 and the note on consolidation accompanying table 10. 9. Refer to table 8 and the note on consolidation accompanying table 10. 10. Refer to table 4 and the note on consolidation accompanying table 10. 11. Refer to table 5 and the note on consolidation accompanying table 10. 12. Refer to table 6 and the note on consolidation accompanying table 10. 13. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the foreign central bank. 14. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates. 15. Estimated. 16. Cash value of agreements, which are collateralized by U.S. Treasury securities. 17. Includes the liabilities of Commercial Paper Funding Facility LLC, the LLCs funded through the Money Market Investor Funding Facility, Maiden Lane LLC, Maiden Lane II LLC, and Maiden Lane III LLC to entities other than the Federal Reserve Bank of New York, including liabilities that have recourse only to the portfolio holdings of these LLCs. Refer to table 4 through table 8 and the note on consolidation accompanying table 10. Sources: Federal Reserve Banks and the U.S. Department of the Treasury. 1A. Memorandum Items Millions of dollars Averages of daily figures Memorandum item Week ended Change from week ended Wednesday Apr 22, 2009 Apr 15, 2009 Apr 23, 2008 Apr 22, 2009 Marketable securities held in custody for foreign official and international accounts (1) 2,647,542 + 6,505 + 394,588 2,646,833 U.S. Treasury securities 1,841,470 + 9,072 + 509,860 1,838,342 Federal agency securities (2) 806,072 - 2,568 - 115,272 808,491 Securities lent to dealers 48,713 - 8,453 - 120,967 47,980 Overnight facility (3) 4,734 + 1,818 - 9,568 4,430 Term facility (4) 43,979 - 10,271 - 111,399 43,550 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. 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, April 22, 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 242,350 213,449 --- --- --- --- 455,799 Other loans (1) 48,649 3,975 0 50,365 --- --- 102,988 U.S. Treasury securities (2) Holdings 18,418 24,763 65,120 202,796 117,956 105,916 534,969 Weekly changes + 2,156 - 922 - 1,231 + 705 + 7,012 + 1,145 + 8,866 Federal agency debt securities (3) Holdings 0 196 3,979 43,981 15,973 382 64,511 Weekly changes 0 + 196 - 196 0 + 2,893 + 177 + 3,070 Mortgage-backed securities (4) Holdings 0 0 0 0 0 367,590 367,590 Weekly changes 0 0 0 0 0 + 11,953 + 11,953 Commercial paper held by Commercial Paper Funding Facility LLC (5) 155,724 84,712 0 --- --- --- 240,436 Money market instruments held by LLCs funded through the Money Market Investor Funding Facility (6) 0 0 0 --- --- --- 0 Repurchase agreements (7) 0 0 --- --- --- --- 0 Central bank liquidity swaps (8) 169,218 113,645 0 0 0 0 282,863 Reverse repurchase agreements (7) 64,681 0 --- --- --- --- 64,681 Note: Components may not sum to totals because of rounding. --- Not applicable. 1. Excludes the loans from the Federal Reserve Bank of New York (FRBNY) to Commercial Paper Funding Facility LLC, the LLCs funded through the Money Market Investor Funding Facility, Maiden Lane LLC, Maiden Lane II LLC, and Maiden Lane III LLC. The loans were eliminated when preparing the FRBNY's statement of condition consistent with consolidation under generally accepted accounting principles. 2. Face value. For inflation-indexed securities, includes the original face value and compensation that adjusts for the effect of inflation on the original face value of such securities. 3. Face value. 4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the underlying mortgages. 5. Face value of commercial paper held by Commercial Paper Funding Facility LLC. 6. Face value of money market instruments held by LLCs funded through the Money Market Investor Funding Facility. 7. Cash value of agreements. 8. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the foreign central bank. 3. Supplemental Information on Mortgage-Backed Securities Purchase Program Millions of dollars Wednesday Account name Apr 22, 2009 Mortgage-backed securities held outright (1) 367,590 Commitments to buy mortgage-backed securities (2) 131,961 Commitments to sell mortgage-backed securities (2) 122,025 Cash and cash equivalents (3) 444 1. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the underlying mortgages. 2. Current face value. Generally settle within 180 days and include commitments associated with outright transactions as well as dollar rolls. 3. This amount is included in other Federal Reserve assets in table 1 and in other assets in table 9 and table 10. 4. Information on Principal Accounts of Maiden Lane LLC Millions of dollars Wednesday Account name Apr 22, 2009 Net portfolio holdings of Maiden Lane LLC (1) 26,481 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) 312 Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3) 1,206 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 December 31, 2008. Any assets purchased after this valuation date are initially recorded at cost until their estimated fair value as of the purchase date becomes available. 2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 10. 3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 9 and table 10. Note: On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended credit to Maiden Lane LLC under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to acquire certain assets of Bear Stearns and to manage those assets through time to maximize repayment of the credit extended and to minimize disruption to financial markets. Payments by Maiden Lane LLC from the proceeds of the net portfolio holdings will be made in the following order: operating expenses of the LLC, principal due to the FRBNY, interest due to the FRBNY, principal due to JPMorgan Chase & Co., and interest due to JPMorgan Chase & Co. Any remaining funds will be paid to the FRBNY. 5. Information on Principal Accounts of Maiden Lane II LLC Millions of dollars Wednesday Account name Apr 22, 2009 Net portfolio holdings of Maiden Lane II LLC (1) 18,253 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 18,251 Accrued interest payable to the Federal Reserve Bank of New York (2) 112 Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc. (3) 1,013 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 December 31, 2008. Any assets purchased after this valuation date are initially recorded at cost until their estimated fair value as of the purchase date becomes available. 2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 10. 3. Book value. The deferred payment represents the portion of the proceeds of the net portfolio holdings due to subsidiaries of American International Group, Inc. in accordance with the asset purchase agreement. The fair value of this payment and accrued interest payable are included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 9 and table 10. Note: On December 12, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden Lane II LLC under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to purchase residential mortgage-backed securities from the U.S. securities lending reinvestment portfolio of subsidiaries of American International Group, Inc. (AIG subsidiaries). Payments by Maiden Lane II LLC from the proceeds of the net portfolio holdings will be made in the following order: operating expenses of Maiden Lane II LLC, principal due to the FRBNY, interest due to the FRBNY, and deferred payment and interest due to AIG subsidiaries. Any remaining funds will be shared by the FRBNY and AIG subsidiaries. 6. Information on Principal Accounts of Maiden Lane III LLC Millions of dollars Wednesday Account name Apr 22, 2009 Net portfolio holdings of Maiden Lane III LLC (1) 27,429 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 23,542 Accrued interest payable to the Federal Reserve Bank of New York (2) 154 Outstanding principal amount and accrued interest on loan payable to American International Group, Inc. (3) 5,076 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 December 31, 2008. Any assets purchased after this valuation date are initially recorded at cost until their estimated fair value as of the purchase date becomes available. 2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 10. 3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 9 and table 10. Note: On November 25, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden Lane III LLC under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to purchase multi-sector collateralized debt obligations (CDOs) on which the Financial Products group of American International Group, Inc. (AIG) has written credit default swap (CDS) contracts. In connection with the purchase of CDOs, the CDS counterparties will concurrently unwind the related CDS transactions. Payments by Maiden Lane III LLC from the proceeds of the net portfolio holdings will be made in the following order: operating expenses of Maiden Lane III LLC, principal due to the FRBNY, interest due to the FRBNY, principal due to AIG, and interest due to AIG. Any remaining funds will be shared by the FRBNY and AIG. 7. Information on Principal Accounts of Commercial Paper Funding Facility LLC Millions of dollars Wednesday Account name Apr 22, 2009 Commercial paper holdings, net (1) 239,746 Other investments, net 2,685 Net portfolio holdings of Commercial Paper Funding Facility LLC 242,431 Memorandum: Commercial paper holdings, face value 240,436 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 239,088 Accrued interest payable to the Federal Reserve Bank of New York (2) 114 1. Book value, which includes amortized cost and related fees. 2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 10. Note: On October 27, 2008, the Federal Reserve Bank of New York began extending loans under the authority of section 13(3) of the Federal Reserve Act to Commercial Paper Funding Facility LLC. This LLC is a limited liability company formed to purchase three-month U.S. dollar-denominated commercial paper from eligible issuers and thereby foster liquidity in short-term funding markets and increase the availability of credit for businesses and households. 8. Information on Principal Accounts of LLCs Funded through the Money Market Investor Funding Facility Millions of dollars Wednesday Account name Apr 22, 2009 Money market instrument holdings, net (1) 0 Other investments, net 0 Net portfolio holdings of LLCs funded through the Money Market Investor Funding Facility 0 Memorandum: Money market instrument holdings, face value 0 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 0 Accrued interest payable to the Federal Reserve Bank of New York (2) 0 Commercial paper issued by LLCs funded through the Money Market Investor Funding Facility, net of related discounts 0 1. Book value, which includes amortized cost. 2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 10. Note: The Federal Reserve Board authorized the Federal Reserve Bank of New York to extend credit under the authority of section 13(3) of the Federal Reserve Act to a series of limited liability companies funded through the Money Market Investor Funding Facility (MMIFF). The MMIFF became operational on November 24, 2008. These limited liability companies were established to purchase short-term U.S. dollar-denominated certificates of deposit, bank notes, and outstanding asset-backed commercial paper from eligible issuers. Such purchases are designed to foster liquidity in short-term money markets. 9. Consolidated Statement of Condition of All Federal Reserve Banks Millions of dollars Eliminations Change since from Wednesday Wednesday Wednesday Assets, liabilities, and capital consolidation Apr 22, 2009 Apr 15, 2009 Apr 23, 2008 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 2,200 0 0 Coin 1,870 + 32 + 448 Securities, repurchase agreements, term auction credit, and other loans 1,525,857 + 15,675 + 735,653 Securities held outright 967,070 + 23,889 + 418,409 U.S. Treasury securities (1) 534,969 + 8,866 - 13,692 Bills (2) 18,423 0 - 51,894 Notes and bonds, nominal (2) 471,032 + 7,000 + 35,981 Notes and bonds, inflation-indexed (2) 40,976 + 1,503 + 2,539 Inflation compensation (3) 4,538 + 362 - 319 Federal agency debt securities (2) 64,511 + 3,070 + 64,511 Mortgage-backed securities (4) 367,590 + 11,953 + 367,590 Repurchase agreements (5) 0 0 - 109,500 Term auction credit 455,799 0 + 355,799 Other loans 102,988 - 8,214 + 70,945 Net portfolio holdings of Commercial Paper Funding Facility LLC (6) 242,431 + 3,992 + 242,431 Net portfolio holdings of LLCs funded through the Money Market Investor Funding Facility (7) 0 0 0 Net portfolio holdings of Maiden Lane LLC (8) 26,481 + 42 + 26,481 Net portfolio holdings of Maiden Lane II LLC (9) 18,253 + 19 + 18,253 Net portfolio holdings of Maiden Lane III LLC (10) 27,429 + 17 + 27,429 Items in process of collection (344) 803 - 36 - 1,406 Bank premises 2,191 + 4 + 45 Central bank liquidity swaps (11) 282,863 - 10,670 + 246,863 Other assets (12) 56,855 + 1,239 + 14,728 Total assets (344) 2,198,269 + 10,312 +1,310,923 Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table. 9. Consolidated Statement of Condition of All Federal Reserve Banks (continued) Millions of dollars Eliminations Change since from Wednesday Wednesday Wednesday Assets, liabilities, and capital consolidation Apr 22, 2009 Apr 15, 2009 Apr 23, 2008 Liabilities Federal Reserve notes, net of F.R. Bank holdings 862,960 - 2,266 + 86,319 Reverse repurchase agreements (13) 64,681 - 5,946 + 24,769 Deposits (0) 1,211,172 + 18,533 +1,188,082 Depository institutions 915,773 + 20,869 + 898,673 U.S. Treasury, general account 93,533 - 976 + 87,963 U.S. Treasury, supplementary financing account 199,929 0 + 199,929 Foreign official 1,594 - 1,181 + 1,476 Other (0) 343 - 178 + 41 Deferred availability cash items (344) 3,764 + 328 - 614 Other liabilities and accrued dividends (14) 9,693 - 606 + 6,000 Total liabilities (344) 2,152,269 + 10,043 +1,304,554 Capital accounts Capital paid in 22,611 + 10 + 3,008 Surplus 21,181 + 8 + 2,709 Other capital accounts 2,209 + 252 + 652 Total capital 46,000 + 269 + 6,369 Note: Components may not sum to totals because of rounding. 1. Includes securities lent to dealers under the overnight and term securities lending facilities; refer to table 1A. 2. Face value of the securities. 3. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed securities. 4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the underlying mortgages. 5. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities. 6. Refer to table 7 and the note on consolidation accompanying table 10. 7. Refer to table 8 and the note on consolidation accompanying table 10. 8. Refer to table 4 and the note on consolidation accompanying table 10. 9. Refer to table 5 and the note on consolidation accompanying table 10. 10. Refer to table 6 and the note on consolidation accompanying table 10. 11. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the foreign central bank. 12. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates. 13. Cash value of agreements, which are collateralized by U.S. Treasury securities. 14. Includes the liabilities of Commercial Paper Funding Facility LLC, the LLCs funded through the Money Market Investor Funding Facility, Maiden Lane LLC, Maiden Lane II LLC, and Maiden Lane III LLC to entities other than the Federal Reserve Bank of New York, including liabilities that have recourse only to the portfolio holdings of these LLCs. Refer to table 4 through table 8 and the note on consolidation accompanying table 10. 10. Statement of Condition of Each Federal Reserve Bank, April 22, 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. 2,200 115 874 83 104 147 166 212 71 30 66 98 234 Coin 1,870 71 85 157 147 254 213 227 40 65 134 178 298 Securities, repurchase agreements, term auction credit, and other loans 1,525,857 36,904 714,176 53,199 46,671 119,186 125,829 112,857 42,460 17,006 46,006 53,095 158,468 Securities held outright 967,070 18,551 378,004 15,003 38,207 34,850 116,519 104,647 37,886 16,010 43,653 46,759 116,980 U.S. Treasury securities (1) 534,969 10,262 209,106 8,300 21,136 19,279 64,456 57,889 20,958 8,857 24,148 25,866 64,712 Bills (2) 18,423 353 7,201 286 728 664 2,220 1,994 722 305 832 891 2,228 Notes and bonds (3) 516,546 9,909 201,905 8,014 20,408 18,615 62,237 55,896 20,236 8,552 23,316 24,976 62,483 Federal agency debt securities (2) 64,511 1,238 25,216 1,001 2,549 2,325 7,773 6,981 2,527 1,068 2,912 3,119 7,803 Mortgage-backed securities (4) 367,590 7,052 143,682 5,703 14,523 13,247 44,290 39,777 14,401 6,086 16,593 17,774 44,465 Repurchase agreements (5) 0 0 0 0 0 0 0 0 0 0 0 0 0 Term auction credit 455,799 17,282 240,022 38,010 8,464 83,498 9,009 6,304 4,387 743 2,342 6,063 39,676 Other loans 102,988 1,071 96,150 186 0 838 301 1,906 187 253 11 273 1,812 Net portfolio holdings of Commercial Paper Funding Facility LLC (6) 242,431 0 242,431 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of LLCs funded through the Money Market Investor Funding Facility (7) 0 0 0 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of Maiden Lane LLC (8) 26,481 0 26,481 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of Maiden Lane II LLC (9) 18,253 0 18,253 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of Maiden Lane III LLC (10) 27,429 0 27,429 0 0 0 0 0 0 0 0 0 0 Items in process of collection 1,147 28 0 444 97 95 -46 103 126 89 28 80 103 Bank premises 2,191 122 210 65 146 235 223 208 134 112 272 249 213 Central bank liquidity swaps (11) 282,863 11,194 77,769 30,695 20,579 79,290 21,369 9,327 2,780 4,301 2,757 3,593 19,209 Other assets (12) 56,855 1,622 19,203 3,193 3,047 8,077 5,746 4,283 1,534 928 1,720 1,913 5,588 Interdistrict settlement account 0 + 33,352 - 7,349 - 29,254 - 4,497 + 43,737 - 11,036 - 22,018 - 13,350 - 1,021 - 1,629 + 707 + 12,358 Total assets 2,198,613 83,822 1,123,456 59,032 66,761 251,903 143,820 106,110 34,125 21,708 49,688 60,534 197,653 Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table. 10. Statement of Condition of Each Federal Reserve Bank, April 22, 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 1,048,136 36,952 372,280 40,082 45,360 78,685 133,964 87,422 30,069 19,983 29,035 63,404 110,900 Less: Notes held by F.R. Banks 185,176 4,985 58,904 5,063 7,760 12,413 28,527 13,065 3,934 2,839 3,550 18,658 25,477 Federal Reserve notes, net 862,960 31,967 313,376 35,019 37,599 66,272 105,437 74,356 26,135 17,144 25,485 44,745 85,423 Reverse repurchase agreements (13) 64,681 1,241 25,282 1,003 2,555 2,331 7,793 6,999 2,534 1,071 2,920 3,127 7,824 Deposits 1,211,172 48,538 764,512 17,258 22,745 170,363 26,119 22,369 4,761 2,158 20,534 11,629 100,185 Depository institutions 915,773 48,531 469,282 17,253 22,741 170,225 26,116 22,367 4,756 2,157 20,533 11,629 100,182 U.S. Treasury, general account 93,533 0 93,533 0 0 0 0 0 0 0 0 0 0 U.S. Treasury, supplementary financing account 199,929 0 199,929 0 0 0 0 0 0 0 0 0 0 Foreign official 1,594 2 1,564 4 3 11 3 1 0 1 0 1 3 Other 343 5 203 0 1 127 0 0 5 0 1 0 0 Deferred availability cash items 4,107 101 0 817 465 145 675 419 73 326 164 241 682 Other liabilities and accrued dividends (14) 9,693 139 7,063 166 198 453 401 326 162 111 140 184 351 Total liabilities 2,152,613 81,986 1,110,233 54,263 63,563 239,563 140,425 104,469 33,665 20,810 49,243 59,927 194,465 Capital Capital paid in 22,611 912 6,363 2,379 1,588 6,164 1,663 786 217 487 207 287 1,558 Surplus 21,181 844 5,712 2,315 1,552 5,981 1,612 704 210 324 208 271 1,449 Other capital 2,209 80 1,148 74 59 194 120 152 33 87 31 49 181 Total liabilities and capital 2,198,613 83,822 1,123,456 59,032 66,761 251,903 143,820 106,110 34,125 21,708 49,688 60,534 197,653 Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table. 10. Statement of Condition of Each Federal Reserve Bank, April 22, 2009 (continued) 1. Includes securities lent to dealers under the overnight and term securities lending facilities; refer to table 1A. 2. Face value of the securities. 3. Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face value of such securities. 4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the underlying mortgages. 5. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities. 6. Refer to table 7 and the note on consolidation below. 7. Refer to table 8 and the note on consolidation below. 8. Refer to table 4 and the note on consolidation below. 9. Refer to table 5 and the note on consolidation below. 10. Refer to table 6 and the note on consolidation below. 11. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the foreign central bank. 12. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates. 13. Cash value of agreements, which are collateralized by U.S. Treasury securities. 14. Includes the liabilities of Commercial Paper Funding Facility LLC, the LLCs funded through the Money Market Investor Funding Facility, Maiden Lane LLC, Maiden Lane II LLC, and Maiden Lane III LLC to entities other than the Federal Reserve Bank of New York, including liabilities that have recourse only to the portfolio holdings of these LLCs. Refer to table 4 through table 8 and the note on consolidation below. Note on consolidation: The Federal Reserve Bank of New York (FRBNY) has extended loans to several limited liability companies under the authority of section 13(3) of the Federal Reserve Act. On June 26, 2008, a loan was extended to Maiden Lane LLC, which was formed to acquire certain assets of Bear Stearns. On October 27, 2008, the FRBNY began extending loans to Commercial Paper Funding Facility LLC, which was formed to purchase three-month U.S. dollar-denominated commercial paper from eligible issuers. On October 21, 2008, the Federal Reserve Board authorized the FRBNY to extend credit to a series of LLCs funded through the Money Market Investor Funding Facility. These LLCs, which became operational on November 24, 2008, were established to purchase short-term U.S. dollar-denominated certificates of deposit, bank notes, and commercial paper from eligible issuers. On November 25, 2008, a loan was extended to Maiden Lane III LLC, which was formed to purchase multi-sector collateralized debt obligations on which the Financial Products group of the American International Group, Inc. has written credit default swap contracts. On December 12, 2008, a loan was extended to Maiden Lane II LLC, which was formed to purchase residential mortgage-backed securities from the U.S. securities lending reinvestment portfolio of subsidiaries of American International Group, Inc. The FRBNY is the sole beneficiary of Commercial Paper Funding Facility LLC and the primary beneficiary of the other LLCs cited above. Consistent with generally accepted accounting principles, the assets and liabilities of these LLCs have been consolidated with the assets and liabilities of the FRBNY in the preparation of the statements of condition shown on this release. As a consequence of the consolidation, the extensions of credit from the FRBNY to the LLCs are eliminated, the net assets of the LLCs appear as assets on the previous page (and in table 1 and table 9), and the liabilities of the LLCs to entities other than the FRBNY, including those with recourse only to the portfolio holdings of the LLCs, are included in other liabilities in this table (and table 1 and table 9). 11. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts Millions of dollars Federal Reserve notes and collateral Wednesday Apr 22, 2009 Federal Reserve notes outstanding 1,048,136 Less: Notes held by F.R. Banks not subject to collateralization 185,176 Federal Reserve notes to be collateralized 862,960 Collateral held against Federal Reserve notes 862,960 Gold certificate account 11,037 Special drawing rights certificate account 2,200 U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 849,723 Other assets pledged 0 Memo: Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 967,070 Less: Face value of securities under reverse repurchase agreements 60,976 U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 906,094 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.