Federal Reserve Statistical Release, H.4.1, Factors Affecting Reserve Balances; title with eagle logo links to Statistical Release home page
Release Date:  July 02, 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
July 2, 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
Jul 1, 2009
Week ended
Jul 1, 2009
Change from week ended
Jun 24, 2009 Jul 2, 2008
                                                              
Reserve Bank credit                                       1,986,952    -    9,645    +1,097,897     1,989,149 
  Securities held outright                                1,216,327    +    9,272    +  737,489     1,223,742 
    U.S. Treasury securities (1)                            656,995    +    9,167    +  178,157       663,470 
      Bills (2)                                              18,423             0    -    3,317        18,423 
      Notes and bonds, nominal (2)                          590,748    +    9,140    +  178,356       597,212 
      Notes and bonds, inflation-indexed (2)                 42,803             0    +    3,632        42,803 
      Inflation compensation (3)                              5,022    +       28    -      513         5,032 
    Federal agency debt securities (2)                       96,798    +    4,685    +   96,798        97,828 
    Mortgage-backed securities (4)                          462,534    -    4,580    +  462,534       462,444 
  Repurchase agreements (5)                                       0             0    -  110,250             0 
  Term auction credit                                       282,808             0    +  132,808       282,808 
  Other loans                                               118,875    -    4,828    +  102,095       119,070 
    Primary credit                                           35,910    -    3,185    +   21,049        35,708 
    Secondary credit                                              3    -       81    -       83             3 
    Seasonal credit                                             63   +       24   -       32           74 
    Primary dealer and other broker-dealer credit (6)             0             0    -    1,738             0 
    Asset-Backed Commercial Paper Money Market                
      Mutual Fund Liquidity Facility                         14,922    -    1,770    +   14,922        14,807 
    Credit extended to American International                 
      Group, Inc. (7)                                        42,834    +      238    +   42,834        43,458 
    Term Asset-Backed Securities Loan Facility               25,143    -       54    +   25,143        25,021 
    Other credit extensions                                       0             0             0             0 
  Net portfolio holdings of Commercial Paper                  
    Funding Facility LLC (8)                                119,669    -    8,404    +  119,669       114,693 
  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)             25,896    +       20    -    3,920        25,925 
  Net portfolio holdings of Maiden Lane II LLC (11)          15,989    +       34    +   15,989        16,061 
  Net portfolio holdings of Maiden Lane III LLC (12)         20,162    +       18    +   20,162        20,172 
  Float                                                      -1,989    -      221    -      470        -2,436 
  Central bank liquidity swaps (13)                         115,299    -    6,291    +   53,299       114,585 
  Other Federal Reserve assets (14)                          73,917    +      756    +   31,026        74,530 
Gold stock                                                   11,041             0             0        11,041 
Special drawing rights certificate account                    2,200             0             0         2,200 
Treasury currency outstanding (15)                           42,431    +       14    +    3,754        42,431 
                                                              
Total factors supplying reserve funds                     2,042,624    -    9,631    +1,101,651     2,044,821 
 

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
Jul 1, 2009
Week ended
Jul 1, 2009
Change from week ended
Jun 24, 2009 Jul 2, 2008
                                                              
Currency in circulation (15)                                907,940    +    1,340    +   81,366       911,609 
Reverse repurchase agreements (16)                           70,890    -      923    +   28,713        72,256 
  Foreign official and international accounts                70,890    -      923    +   28,713        72,256 
  Dealers                                                         0             0             0             0 
Treasury cash holdings                                          321    +        7    +       43           339 
Deposits with F.R. Banks, other than reserve balances       282,070    -   44,377    +  269,591       284,198 
  U.S. Treasury, general account                             71,990    -   46,681    +   66,948        78,142 
  U.S. Treasury, supplementary financing account            199,939             0    +  199,939       199,939 
  Foreign official                                            1,979    -      486    +    1,850         1,473 
  Service-related                                             4,189    -        4    -    2,863         4,189 
    Required clearing balances                                4,189    -        4    -    2,863         4,189 
    Adjustments to compensate for float                           0             0             0             0 
  Other                                                       3,973    +    2,793    +    3,717           454 
Other liabilities and capital (17)                           54,601    +      148    +    9,099        54,375 
                                                              
Total factors, other than reserve balances,                                                       
   absorbing reserve funds                                1,315,822    -   43,804    +  388,812     1,322,778 
                                                              
Reserve balances with Federal Reserve Banks                 726,802    +   34,173    +  712,839       722,043 
                                                                
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
Jul 1, 2009
Week ended
Jul 1, 2009
Change from week ended
Jun 24, 2009 Jul 2, 2008
                                                              
Marketable securities held in custody for foreign             
      official and international accounts (1)             2,766,155    +    2,122    +  420,502     2,781,790 
  U.S. Treasury securities                                1,960,228    +    3,582    +  586,458     1,976,501 
  Federal agency securities (2)                             805,928    -    1,459    -  165,954       805,290 
Securities lent to dealers                                   18,478    -    4,245    -   99,004        13,691 
  Overnight facility (3)                                     11,728    -    2,959    -    1,510         6,941 
  Term facility (4)                                           6,750    -    1,286    -   97,494         6,750 
 

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, July 1, 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                   179,268      103,540         ---            ---          ---         ---       282,808
Other loans (1)                        33,330       17,182           79        68,479            0         ---       119,070
U.S. Treasury securities (2)                    
  Holdings                             17,239       20,311       64,426       261,730      174,540     125,225       663,470
  Weekly changes                   +    2,081   -    5,101   +    3,220    -      973   +    7,790  +    3,261    +   10,277
Federal agency debt securities (3)                        
  Holdings                                  0          946        7,370        67,348       20,952       1,212        97,828
  Weekly changes                            0            0   +      852    -      852   +      806  +      396    +    1,202
Mortgage-backed securities (4)                            
  Holdings                                  0            0            0             0            0     462,444       462,444
  Weekly changes                            0            0            0             0            0  -    4,782    -    4,782
Commercial paper held by                        
  Commercial Paper Funding                      
  Facility LLC (5)                      4,983      106,143            0           ---          ---         ---       111,126
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)       76,856       37,729            0             0            0           0       114,585
                                                
Reverse repurchase agreements (7)      72,256            0          ---           ---          ---         ---        72,256
  
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
Jul 1, 2009
                                                                                                
Mortgage-backed securities held outright (1)                                                       462,444    
                                                                                                
Commitments to buy mortgage-backed securities (2)                                                  193,379    
Commitments to sell mortgage-backed securities (2)                                                  53,744    
                                                                                                
Cash and cash equivalents (3)                                                                          293    
 

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
Jul 1, 2009
                                                                                                
Net portfolio holdings of Maiden Lane LLC (1)                                                       25,925    
                                                                                                
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)                                   340    
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3)        1,217    
 
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
Jul 1, 2009
                                                                                                
Net portfolio holdings of Maiden Lane II LLC (1)                                                     16,061   
                                                                                                
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)            17,553   
Accrued interest payable to the Federal Reserve Bank of New York (2)                                    160   
Deferred payment and accrued interest payable to subsidiaries of American International         
  Group, Inc. (3)                                                                                     1,020   
 

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
Jul 1, 2009
                                                                                                
Net portfolio holdings of Maiden Lane III LLC (1)                                                    20,172   
                                                                                                
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)            22,400   
Accrued interest payable to the Federal Reserve Bank of New York (2)                                    215   
Outstanding principal amount and accrued interest on loan payable to American International     
  Group, Inc. (3)                                                                                     5,109   
 

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
Jul 1, 2009
                                                                                                
Commercial paper holdings, net (1)                                                                  110,739   
Other investments, net                                                                                3,954   
Net portfolio holdings of Commercial Paper Funding Facility LLC                                     114,693   
                                                                                                
Memorandum: Commercial paper holdings, face value                                                   111,126   
                                                                                                
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)           110,449   
Accrued interest payable to the Federal Reserve Bank of New York (2)                                     44   
 

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
Jul 1, 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
Jul 1, 2009
Wednesday
Jun 24, 2009
Wednesday
Jul 2, 2008
Assets                                                   
Gold certificate account                                           11,037                0                   0
Special drawing rights certificate account                          2,200                0                   0
Coin                                                                1,778       -        1          +      461
Securities, repurchase agreements, term auction          
      credit, and other loans                                   1,625,620       -    6,891          +  870,835
  Securities held outright                                      1,223,742       +    6,698          +  744,876
    U.S. Treasury securities (1)                                  663,470       +   10,277          +  184,604
      Bills (2)                                                    18,423                0          -    3,317
      Notes and bonds, nominal (2)                                597,212       +   10,249          +  184,820
      Notes and bonds, inflation-indexed (2)                       42,803                0          +    3,632
      Inflation compensation (3)                                    5,032       +       28          -      531
    Federal agency debt securities (2)                             97,828       +    1,202          +   97,828
    Mortgage-backed securities (4)                                462,444       -    4,782          +  462,444
  Repurchase agreements (5)                                             0                0          -  113,000
  Term auction credit                                             282,808                0          +  132,808
  Other loans                                                     119,070       -   13,589          +  106,150
Net portfolio holdings of Commercial Paper               
  Funding Facility LLC (6)                                        114,693       -    9,339          +  114,693
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)                      25,925       +       40          -    2,968
Net portfolio holdings of Maiden Lane II LLC (9)                   16,061       +      100          +   16,061
Net portfolio holdings of                                
  Maiden Lane III LLC (10)                                         20,172       +       13          +   20,172
Items in process of collection                         (593)          776       +      297          -      458
Bank premises                                                       2,196       -        6          +       42
Central bank liquidity swaps (11)                                 114,585       -    4,845          +   52,585
Other assets (12)                                                  72,362       +      709          +   31,601
                                                         
      Total assets                                     (593)    2,007,404       -   19,923          +1,103,023
 

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
Jul 1, 2009
Wednesday
Jun 24, 2009
Wednesday
Jul 2, 2008
Liabilities                                              
Federal Reserve notes, net of F.R. Bank holdings                  871,291       +    4,018          +   76,196
Reverse repurchase agreements (13)                                 72,256       +      315          +   31,165
Deposits                                                 (0)    1,006,269       -   24,998          +  985,539
  Depository institutions                                         726,260       -   18,913          +  710,028
  U.S. Treasury, general account                                   78,142       -      705          +   74,003
  U.S. Treasury, supplementary financing account                  199,939                0          +  199,939
  Foreign official                                                  1,473       -      739          +    1,364
  Other                                                  (0)          454       -    4,642          +      203
Deferred availability cash items                       (593)        3,212       +      655          -      181
Other liabilities and accrued dividends (14)                        5,774       -      621          +    2,583
                                                         
      Total liabilities                                (593)    1,958,802       -   20,629          +1,095,303
                                                         
Capital accounts                                         
Capital paid in                                                    24,497       +      249          +    4,621
Surplus                                                            21,264       +        8          +    2,771
Other capital accounts                                              2,840       +      448          +      328
                                                         
      Total capital                                                48,601       +      705          +    7,719
 

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, July 1, 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                                           1,778          61          70         149         141         234         209         219          38          59         128         182         287 
Securities, repurchase agreements, term                            
      auction credit, and other loans      1,625,620      49,756     770,513      38,182      55,124      64,007     153,586     137,637      51,334      20,890      57,306      62,295     164,991 
  Securities held outright                 1,223,742      23,475     478,331      18,985      48,348      44,100     147,444     132,422      47,942      20,260      55,239      59,170     148,028 
    U.S. Treasury securities (1)             663,470      12,727     259,334      10,293      26,212      23,909      79,939      71,795      25,992      10,984      29,948      32,080      80,256 
      Bills (2)                               18,423         353       7,201         286         728         664       2,220       1,994         722         305         832         891       2,228 
      Notes and bonds (3)                    645,047      12,374     252,133      10,007      25,485      23,246      77,719      69,801      25,270      10,679      29,117      31,189      78,027 
    Federal agency debt securities (2)        97,828       1,877      38,239       1,518       3,865       3,525      11,787      10,586       3,833       1,620       4,416       4,730      11,834 
    Mortgage-backed securities (4)           462,444       8,871     180,758       7,174      18,270      16,665      55,718      50,041      18,117       7,656      20,874      22,360      55,939 
  Repurchase agreements (5)                        0           0           0           0           0           0           0           0           0           0           0           0           0 
  Term auction credit                        282,808      11,340     191,878      18,878       6,683      19,550       5,935       3,725       3,241         398       2,053       3,106      16,021 
  Other loans                                119,070      14,940     100,305         318          94         356         207       1,489         152         232          14          20         943 
Net portfolio holdings of Commercial                               
  Paper Funding Facility LLC (6)             114,693           0     114,693           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)                                     25,925           0      25,925           0           0           0           0           0           0           0           0           0           0 
Net portfolio holdings of Maiden                                   
  Lane II LLC (9)                             16,061           0      16,061           0           0           0           0           0           0           0           0           0           0 
Net portfolio holdings of Maiden                                   
  Lane III LLC (10)                           20,172           0      20,172           0           0           0           0           0           0           0           0           0           0 
Items in process of collection                 1,369          48           0         267         116          63         108          83         194          53          73         287          76 
Bank premises                                  2,196         121         219          67         147         237         222         207         134         112         270         248         213 
Central bank liquidity swaps (11)            114,585       4,723      28,049      12,951       8,683      33,455       9,016       3,935       1,173       1,815       1,163       1,516       8,105 
Other assets (12)                             72,362       1,949      25,005       3,604       3,696       8,900       7,598       5,897       2,110       1,188       2,385       2,624       7,404 
Interdistrict settlement account                   0   +   7,769   -  23,269   -      20   +   3,245   + 129,868   -  29,473   -  36,563   -  19,862   -   1,753   -   9,612   -   3,395   -  16,935 
                                                                   
      Total assets                         2,007,997      64,954     982,207      55,733      71,724     237,793     142,789     112,537      35,522      22,590      52,116      64,476     165,557 
 

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, July 1, 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           1,053,170      36,122     379,716      39,904      44,976      81,997     132,608      86,817      31,005      19,854      28,567      62,274     109,329 
  Less: Notes held by F.R. Banks              181,878       4,688      56,783       6,261       8,083      12,090      27,674      12,706       4,064       2,940       3,277      18,938      24,375 
    Federal Reserve notes, net                871,291      31,433     322,933      33,643      36,893      69,908     104,935      74,111      26,942      16,914      25,290      43,337      84,954 
Reverse repurchase agreements (13)             72,256       1,386      28,243       1,121       2,855       2,604       8,706       7,819       2,831       1,196       3,262       3,494       8,740 
Deposits                                    1,006,269      30,043     613,687      15,157      28,099     151,396      25,141      28,254       4,840       2,867      22,720      16,522      67,544 
  Depository institutions                     726,260      30,025     333,833      15,153      28,096     151,292      25,131      28,251       4,833       2,866      22,719      16,521      67,541 
  U.S. Treasury, general account               78,142           0      78,142           0           0           0           0           0           0           0           0           0           0 
  U.S. Treasury, supplementary                                      
    financing account                         199,939           0     199,939           0           0           0           0           0           0           0           0           0           0 
  Foreign official                              1,473           2       1,444           4           3          11           3           1           0           1           0           1           3 
  Other                                           454          16         328           0           0          93           7           2           7           0           1           0           0 
Deferred availability cash items                3,805         113           1         603         428         135         324         345         232         324         251         351         698 
Other liabilities and accrued                                                 
  dividends (14)                                5,774         123       3,261         133         182         362         400         344         172         102         145         193         357 
                                                                    
      Total liabilities                     1,959,395      63,098     968,125      50,657      68,458     224,405     139,505     110,872      35,016      21,404      51,667      63,896     162,292 
                                                                    
Capital                                                             
Capital paid in                                24,497         920       7,247       2,607       1,620       6,808       1,559         791         238         633         207         273       1,592 
Surplus                                        21,264         844       5,794       2,316       1,552       5,981       1,612         704         209         324         208         271       1,449 
Other capital                                   2,840          91       1,040         153          94         598         113         170          59         228          33          36         223 
                                                                    
      Total liabilities and capital         2,007,997      64,954     982,207      55,733      71,724     237,793     142,789     112,537      35,522      22,590      52,116      64,476     165,557 
                              
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, July 1, 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
Jul 1, 2009
                                                                                            
Federal Reserve notes outstanding                                                              1,053,170 
  Less: Notes held by F.R. Banks not subject to collateralization                                181,878 
    Federal Reserve notes to be collateralized                                                   871,291 
Collateral held against Federal Reserve notes                                                    871,291 
  Gold certificate account                                                                        11,037 
  Special drawing rights certificate account                                                       2,200 
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                       858,054 
  Other assets pledged                                                                                 0 
                                                                                            
Memo:                                                                                       
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                         1,223,742 
  Less: Face value of securities under reverse repurchase agreements                              71,653 
    U.S. Treasury, agency debt, and mortgage-backed securities                              
    eligible to be pledged                                                                     1,152,089 
   
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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