Federal Reserve Statistical Release, H.4.1, Factors Affecting Reserve Balances; title with eagle logo links to Statistical Release home page
Release Date:  May 28, 2009
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FEDERAL RESERVE statistical release
 

H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
May 28, 2009
1. Factors Affecting Reserve Balances of Depository Institutions
Millions of dollars
Reserve Bank credit, related items, and
reserve balances of depository institutions at
Federal Reserve Banks
Averages of daily figures Wednesday
May 27, 2009
Week ended
May 27, 2009
Change from week ended
May 20, 2009 May 28, 2008
                                                              
Reserve Bank credit                                       2,074,457    -   90,672    +1,197,013     2,063,747 
  Securities held outright                                1,108,234    +   22,634    +  617,170     1,107,447 
    U.S. Treasury securities (1)                            597,579    +   17,013    +  106,515       600,142 
      Bills (2)                                              18,423             0    -   15,873        18,423 
      Notes and bonds, nominal (2)                          532,965    +   16,737    +  120,573       534,022 
      Notes and bonds, inflation-indexed (2)                 41,475    +      222    +    2,304        42,803 
      Inflation compensation (3)                              4,716    +       55    -      490         4,894 
    Federal agency debt securities (2)                       79,753    +    5,204    +   79,753        79,753 
    Mortgage-backed securities (4)                          430,902    +      417    +  430,902       427,552 
  Repurchase agreements (5)                                       0             0    -  105,036             0 
  Term auction credit                                       372,541    -   56,294    +  222,541       372,540 
  Other loans                                               124,232    -    3,699    +   95,897       123,572 
    Primary credit                                           38,153    -        2    +   22,203        38,047 
    Secondary credit                                             29    +        9    +       28             0 
    Seasonal credit                                             15   +        4   -       39           14 
    Primary dealer and other broker-dealer credit (6)             0             0    -   12,329             0 
    Asset-Backed Commercial Paper Money Market                
      Mutual Fund Liquidity Facility                         26,423    -    1,698    +   26,423        25,944 
    Credit extended to American International                 
      Group, Inc. (7)                                        44,157    -    1,551    +   44,157        44,116 
    Term Asset-Backed Securities Loan Facility               15,454    -      461    +   15,454        15,451 
    Other credit extensions                                       0             0             0             0 
  Net portfolio holdings of Commercial Paper                  
    Funding Facility LLC (8)                                154,694    -    6,087    +  154,694       149,389 
  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)             25,688    -        4    +   25,688        25,717 
  Net portfolio holdings of Maiden Lane II LLC (11)          16,175    +       23    +   16,175        16,252 
  Net portfolio holdings of Maiden Lane III LLC (12)         20,367    +       54    +   20,367        20,379 
  Float                                                      -1,975    +       18    -      857        -2,861 
  Central bank liquidity swaps (13)                         184,932    -   51,527    +  122,932       181,647 
  Other Federal Reserve assets (14)                          69,568    +    4,208    +   27,441        69,666 
Gold stock                                                   11,041             0             0        11,041 
Special drawing rights certificate account                    2,200             0             0         2,200 
Treasury currency outstanding (15)                           42,373    +       14    +    3,582        42,373 
                                                              
Total factors supplying reserve funds                     2,130,071    -   90,658    +1,200,595     2,119,361 
 

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
reserve balances of depository institutions at
Federal Reserve Banks
Averages of daily figures Wednesday
May 27, 2009
Week ended
May 27, 2009
Change from week ended
May 20, 2009 May 28, 2008
                                                              
Currency in circulation (15)                                908,704    +    3,902    +   85,426       910,303 
Reverse repurchase agreements (16)                           70,028    +      260    +   32,554        65,879 
  Foreign official and international accounts                70,028    +      260    +   32,554        65,879 
  Dealers                                                         0             0             0             0 
Treasury cash holdings                                          298    +        6    +       25           301 
Deposits with F.R. Banks, other than reserve balances       233,566    -   27,660    +  221,140       217,653 
  U.S. Treasury, general account                             26,692    -   23,146    +   21,752        11,048 
  U.S. Treasury, supplementary financing account            199,932    +        2    +  199,932       199,932 
  Foreign official                                            2,380    -      335    +    2,282         2,132 
  Service-related                                             4,226    -      117    -    2,887         4,226 
    Required clearing balances                                4,226    -      117    -    2,887         4,226 
    Adjustments to compensate for float                           0             0             0             0 
  Other                                                         336    -    4,064    +       61           315 
Other liabilities and capital (17)                           51,166    +      796    +    6,032        51,205 
                                                              
Total factors, other than reserve balances,                                                       
   absorbing reserve funds                                1,263,762    -   22,695    +  345,177     1,245,341 
                                                              
Reserve balances with Federal Reserve Banks                 866,309    -   67,963    +  855,418       874,021 
                                                                
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

Memorandum item
Averages of daily figures Wednesday
May 27, 2009
Week ended
May 27, 2009
Change from week ended
May 20, 2009 May 28, 2008
                                                              
Marketable securities held in custody for foreign             
      official and international accounts (1)             2,724,223    +   14,652    +  431,411     2,723,455 
  U.S. Treasury securities                                1,909,937    +   15,845    +  564,434     1,908,946 
  Federal agency securities (2)                             814,286    -    1,193    -  133,022       814,509 
Securities lent to dealers                                   31,470    -    5,248    -   81,251        34,971 
  Overnight facility (3)                                      3,377    -      791    -    1,180         7,621 
  Term facility (4)                                          28,093    -    4,457    -   80,071        27,350 
 

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, May 27, 2009
Millions of dollars
Remaining maturity
Within 15
days
16 days to
90 days
91 days to
1 year
Over 1 year
to 5 years
Over 5 years
to 10 years
Over 10
years
All
 
Term auction credit                   131,562      240,978         ---            ---          ---         ---       372,540
Other loans (1)                        34,090       29,802          113        59,567          ---         ---       123,572
U.S. Treasury securities (2)                    
  Holdings                             15,618       25,691       61,765       241,533      137,233     118,302       600,142
  Weekly changes                   -    2,503   +    2,504   +    1,551    +    6,268   +    8,913  +      138    +   16,871
Federal agency debt securities (3)                        
  Holdings                                  0          196        5,505        55,634       17,883         535        79,753
  Weekly changes                            0            0            0    +    2,821   +      258           0    +    3,079
Mortgage-backed securities (4)                            
  Holdings                                  0            0            0             0            0     427,552       427,552
  Weekly changes                            0            0            0             0            0  -    3,928    -    3,928
Commercial paper held by                        
  Commercial Paper Funding                      
  Facility LLC (5)                     16,862      129,642            0           ---          ---         ---       146,504
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)       98,834       82,813            0             0            0           0       181,647
                                                
Reverse repurchase agreements (7)      65,879            0          ---           ---          ---         ---        65,879
  
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
Account name Wednesday
May 27, 2009
                                                                                                
Mortgage-backed securities held outright (1)                                                       427,552    
                                                                                                
Commitments to buy mortgage-backed securities (2)                                                  181,878    
Commitments to sell mortgage-backed securities (2)                                                 114,311    
                                                                                                
Cash and cash equivalents (3)                                                                        1,160    
 

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
Account name Wednesday
May 27, 2009
                                                                                                
Net portfolio holdings of Maiden Lane LLC (1)                                                       25,717    
                                                                                                
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)                                   326    
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3)        1,212    
 
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 March 31, 2009. Any assets purchased after this valuation date
are initially recorded at cost until their estimated fair value as of the purchase date becomes available.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement
of condition consistent with consolidation under generally accepted accounting principles. Refer to
the note on consolidation accompanying table 10.
3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1
and in other liabilities and accrued dividends in table 9 and table 10.
 

Note: On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended credit to Maiden Lane LLC
under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed
to acquire certain assets of Bear Stearns and to manage those assets through time to maximize repayment of
the credit extended and to minimize disruption to financial markets. Payments by Maiden Lane LLC from the
proceeds of the net portfolio holdings will be made in the following order: operating expenses of the LLC,
principal due to the FRBNY, interest due to the FRBNY, principal due to JPMorgan Chase & Co., and interest
due to JPMorgan Chase & Co. Any remaining funds will be paid to the FRBNY.
 

 

 

5. Information on Principal Accounts of Maiden Lane II LLC
Millions of dollars
Account name Wednesday
May 27, 2009
                                                                                                
Net portfolio holdings of Maiden Lane II LLC (1)                                                     16,252   
                                                                                                
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)            17,877   
Accrued interest payable to the Federal Reserve Bank of New York (2)                                    138   
Deferred payment and accrued interest payable to subsidiaries of American International         
  Group, Inc. (3)                                                                                     1,017   
 

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 March 31, 2009. Any assets purchased after this valuation date
are initially recorded at cost until their estimated fair value as of the purchase date becomes available.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement
of condition consistent with consolidation under generally accepted accounting principles. Refer to the
note on consolidation accompanying table 10.
3. Book value. The deferred payment represents the portion of the proceeds of the net portfolio holdings due
to subsidiaries of American International Group, Inc. in accordance with the asset purchase agreement.
The fair value of this payment and accrued interest payable are included in other liabilities and capital
in table 1 and in other liabilities and accrued dividends in table 9 and table 10.
 

Note: On December 12, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden
Lane II LLC under the authority of section 13(3) of the Federal Reserve Act. This limited liability company
was formed to purchase residential mortgage-backed securities from the U.S. securities lending reinvestment
portfolio of subsidiaries of American International Group, Inc. (AIG subsidiaries). Payments by Maiden
Lane II LLC from the proceeds of the net portfolio holdings will be made in the following order: operating
expenses of Maiden Lane II LLC, principal due to the FRBNY, interest due to the FRBNY, and deferred payment
and interest due to AIG subsidiaries. Any remaining funds will be shared by the FRBNY and AIG subsidiaries.
 

 

6. Information on Principal Accounts of Maiden Lane III LLC
Millions of dollars
Account name Wednesday
May 27, 2009
                                                                                                
Net portfolio holdings of Maiden Lane III LLC (1)                                                    20,379   
                                                                                                
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)            22,992   
Accrued interest payable to the Federal Reserve Bank of New York (2)                                    187   
Outstanding principal amount and accrued interest on loan payable to American International     
  Group, Inc. (3)                                                                                     5,093   
 

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 March 31, 2009. Any assets purchased after this valuation date
are initially recorded at cost until their estimated fair value as of the purchase date becomes available.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement
of condition consistent with consolidation under generally accepted accounting principles. Refer to the
note on consolidation accompanying table 10.
3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1
and in other liabilities and accrued dividends in table 9 and table 10.
 

Note: On November 25, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden Lane
III LLC under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was
formed to purchase multi-sector collateralized debt obligations (CDOs) on which the Financial Products group
of American International Group, Inc. (AIG) has written credit default swap (CDS) contracts. In connection
with the purchase of CDOs, the CDS counterparties will concurrently unwind the related CDS transactions.
Payments by Maiden Lane III LLC from the proceeds of the net portfolio holdings will be made in the following
order: operating expenses of Maiden Lane III LLC, principal due to the FRBNY, interest due to the FRBNY,
principal due to AIG, and interest due to AIG. Any remaining funds will be shared by the FRBNY and AIG.
 

 

7. Information on Principal Accounts of Commercial Paper Funding Facility LLC
Millions of dollars
Account name Wednesday
May 27, 2009
                                                                                                
Commercial paper holdings, net (1)                                                                  145,718   
Other investments, net                                                                                3,671   
Net portfolio holdings of Commercial Paper Funding Facility LLC                                     149,389   
                                                                                                
Memorandum: Commercial paper holdings, face value                                                   146,504   
                                                                                                
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)           145,587   
Accrued interest payable to the Federal Reserve Bank of New York (2)                                     40   
 

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
Account name Wednesday
May 27, 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
Assets, liabilities, and capital Eliminations
from
consolidation
  Change since
Wednesday
May 27, 2009
Wednesday
May 20, 2009
Wednesday
May 28, 2008
Assets                                                   
Gold certificate account                                           11,037                0                   0
Special drawing rights certificate account                          2,200                0                   0
Coin                                                                1,790       -       28          +      472
Securities, repurchase agreements, term auction          
      credit, and other loans                                   1,603,559       -   43,051          +  818,247
  Securities held outright                                      1,107,447       +   16,021          +  616,356
    U.S. Treasury securities (1)                                  600,142       +   16,871          +  109,051
      Bills (2)                                                    18,423                0          -   15,873
      Notes and bonds, nominal (2)                                534,022       +   15,097          +  121,630
      Notes and bonds, inflation-indexed (2)                       42,803       +    1,550          +    3,632
      Inflation compensation (3)                                    4,894       +      223          -      338
    Federal agency debt securities (2)                             79,753       +    3,079          +   79,753
    Mortgage-backed securities (4)                                427,552       -    3,928          +  427,552
  Repurchase agreements (5)                                             0                0          -  115,000
  Term auction credit                                             372,540       -   56,295          +  222,540
  Other loans                                                     123,572       -    2,777          +   94,350
Net portfolio holdings of Commercial Paper               
  Funding Facility LLC (6)                                        149,389       -    7,694          +  149,389
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)                      25,717       +       34          +   25,717
Net portfolio holdings of Maiden Lane II LLC (9)                   16,252       +       89          +   16,252
Net portfolio holdings of                                
  Maiden Lane III LLC (10)                                         20,379       +       14          +   20,379
Items in process of collection                         (527)        1,259       +      852          -      643
Bank premises                                                       2,198       +        2          +       46
Central bank liquidity swaps (11)                                 181,647       -   53,465          +  119,647
Other assets (12)                                                  66,233       +    1,746          +   26,602
                                                         
      Total assets                                     (527)    2,081,659       -  101,502          +1,176,107
 

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
Assets, liabilities, and capital Eliminations
from
consolidation
  Change since
Wednesday
May 27, 2009
Wednesday
May 20, 2009
Wednesday
May 28, 2008
Liabilities                                              
Federal Reserve notes, net of F.R. Bank holdings                  870,017       +    3,552          +   82,321
Reverse repurchase agreements (13)                                 65,879       -    1,879          +   27,514
Deposits                                                 (0)    1,090,438       -  105,524          +1,058,777
  Depository institutions                                         877,011       -   78,209          +  850,123
  U.S. Treasury, general account                                   11,048       -   26,881          +    6,633
  U.S. Treasury, supplementary financing account                  199,932       +        2          +  199,932
  Foreign official                                                  2,132       -      469          +    2,034
  Other                                                  (0)          315       +       33          +       55
Deferred availability cash items                       (527)        4,120       +    1,316          +      511
Other liabilities and accrued dividends (14)                        6,283       -       85          +    2,571
                                                         
      Total liabilities                                (527)    2,036,737       -  102,620          +1,171,695
                                                         
Capital accounts                                         
Capital paid in                                                    24,027       +      200          +    4,113
Surplus                                                            19,174       +      630          +      695
Other capital accounts                                              1,721       +      288          -      396
                                                         
      Total capital                                                44,922       +    1,118          +    4,412
 

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, May 27, 2009
Millions of dollars
Assets, liabilities, and capital Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas
City
Dallas San
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                                           1,790          67          80         149         143         236         202         222          38          62         129         177         286 
Securities, repurchase agreements, term                            
      auction credit, and other loans      1,603,559      60,686     742,131      32,659      50,693     105,711     150,209     127,505      47,277      19,292      52,318      58,088     156,988 
  Securities held outright                 1,107,447      21,244     432,874      17,181      43,753      39,909     133,432     119,838      43,386      18,334      49,989      53,547     133,960 
    U.S. Treasury securities (1)             600,142      11,513     234,581       9,311      23,710      21,627      72,309      64,942      23,511       9,936      27,090      29,018      72,595 
      Bills (2)                               18,423         353       7,201         286         728         664       2,220       1,994         722         305         832         891       2,228 
      Notes and bonds (3)                    581,719      11,159     227,380       9,025      22,983      20,963      70,089      62,948      22,790       9,631      26,258      28,127      70,367 
    Federal agency debt securities (2)        79,753       1,530      31,173       1,237       3,151       2,874       9,609       8,630       3,124       1,320       3,600       3,856       9,647 
    Mortgage-backed securities (4)           427,552       8,202     167,120       6,633      16,892      15,408      51,514      46,266      16,750       7,078      19,299      20,673      51,718 
  Repurchase agreements (5)                        0           0           0           0           0           0           0           0           0           0           0           0           0 
  Term auction credit                        372,540      13,337     216,558      15,324       6,940      64,993      16,559       5,900       3,834         771       2,301       4,195      21,830 
  Other loans                                123,572      26,105      92,699         154           0         810         218       1,768          58         187          28         346       1,199 
Net portfolio holdings of Commercial                               
  Paper Funding Facility LLC (6)             149,389           0     149,389           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)                                     25,717           0      25,717           0           0           0           0           0           0           0           0           0           0 
Net portfolio holdings of Maiden                                   
  Lane II LLC (9)                             16,252           0      16,252           0           0           0           0           0           0           0           0           0           0 
Net portfolio holdings of Maiden                                   
  Lane III LLC (10)                           20,379           0      20,379           0           0           0           0           0           0           0           0           0           0 
Items in process of collection                 1,786          51           0         195         130          99         431         155         341          89         109          93          94 
Bank premises                                  2,198         122         216          67         146         236         223         208         135         112         271         249         213 
Central bank liquidity swaps (11)            181,647       7,586      42,667      20,800      13,945      53,730      14,480       6,320       1,884       2,914       1,868       2,435      13,017 
Other assets (12)                             66,233       1,828      22,858       3,389       3,452       8,654       6,822       5,208       1,872       1,086       2,101       2,323       6,640 
Interdistrict settlement account                   0   +  14,048   -  48,608   +     500   +   5,153   +  87,068   -  21,382   -  35,745   -  16,710   -   1,198   -   5,895   -   1,914   +  24,684 
                                                                   
      Total assets                         2,082,185      84,913     975,849      58,292      74,234     256,763     152,506     104,996      35,236      22,584      51,303      62,169     203,339 
 

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, May 27, 2009 (continued)
Millions of dollars
Assets, liabilities, and capital Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas
City
Dallas San
Francisco
Liabilities                                                         
Federal Reserve notes outstanding           1,050,272      36,543     373,764      40,240      45,285      80,385     132,963      87,459      31,325      20,042      28,855      62,946     110,466 
  Less: Notes held by F.R. Banks              180,255       4,612      58,148       5,029       7,565      11,760      28,284      12,463       4,100       2,934       3,137      18,822      23,401 
    Federal Reserve notes, net                870,017      31,931     315,616      35,210      37,720      68,625     104,678      74,996      27,226      17,108      25,718      44,124      87,065 
Reverse repurchase agreements (13)             65,879       1,264      25,750       1,022       2,603       2,374       7,937       7,129       2,581       1,091       2,974       3,185       7,969 
Deposits                                    1,090,438      49,573     620,037      16,327      29,906     171,952      35,775      20,349       4,428       2,747      21,756      13,811     103,776 
  Depository institutions                     877,011      49,558     406,753      16,323      29,902     171,851      35,772      20,347       4,420       2,747      21,755      13,810     103,774 
  U.S. Treasury, general account               11,048           0      11,048           0           0           0           0           0           0           0           0           0           0 
  U.S. Treasury, supplementary                                      
    financing account                         199,932           0     199,932           0           0           0           0           0           0           0           0           0           0 
  Foreign official                              2,132           2       2,103           4           3          11           3           1           0           1           0           1           3 
  Other                                           315          13         201           0           1          90           0           1           7           0           1           0           0 
Deferred availability cash items                4,647         147           0         664         541         193         417         516         335         402         265         275         891 
Other liabilities and accrued                                                 
  dividends (14)                                6,283         146       3,501         182         211         501         425         338         165         117         141         191         364 
                                                                    
      Total liabilities                     2,037,263      83,060     964,904      53,406      70,980     243,645     149,234     103,327      34,735      21,466      50,854      61,586     200,066 
                                                                    
Capital                                                             
Capital paid in                                24,027         920       7,240       2,427       1,619       6,522       1,562         792         238         633         206         273       1,593 
Surplus                                        19,174         844       3,705       2,316       1,552       5,981       1,612         704         210         324         208         271       1,449 
Other capital                                   1,721          89           0         144          83         614          98         174          54         160          34          39         231 
                                                                    
      Total liabilities and capital         2,082,185      84,913     975,849      58,292      74,234     256,763     152,506     104,996      35,236      22,584      51,303      62,169     203,339 
                              
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, May 27, 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
May 27, 2009
                                                                                            
Federal Reserve notes outstanding                                                              1,050,272 
  Less: Notes held by F.R. Banks not subject to collateralization                                180,255 
    Federal Reserve notes to be collateralized                                                   870,017 
Collateral held against Federal Reserve notes                                                    870,017 
  Gold certificate account                                                                        11,037 
  Special drawing rights certificate account                                                       2,200 
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                       856,780 
  Other assets pledged                                                                                 0 
                                                                                            
Memo:                                                                                       
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                         1,107,447 
  Less: Face value of securities under reverse repurchase agreements                              65,897 
    U.S. Treasury, agency debt, and mortgage-backed securities                              
    eligible to be pledged                                                                     1,041,549 
   
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.

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