Federal Reserve Statistical Release, H.4.1, Factors Affecting Reserve Balances; title with eagle logo links to Statistical Release home page
Release Date:  July 23, 2009
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For release at
4:30 p.m. EDT
July 23, 2009

The Board’s H.4.1 statistical release, “Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks,” has been modified to reflect recent changes to the System Open Market Account (SOMA) securities lending program. Table 1A, “Memorandum Items,” now provides a breakdown of the amounts of U.S. Treasury securities and federal agency debt securities lent overnight to dealers.

On July 7, 2009, the Federal Reserve announced that federal agency debt securities held in the SOMA portfolio would be offered for loan under the existing securities lending program. The securities lending program provides a temporary source of U.S. Treasury securities and now federal agency debt securities, to foster efficient and liquid trading in the market for these securities. Prior to July 9, 2009, only U.S. Treasury securities held in the SOMA portfolio were offered for loan under the securities lending program.

When securities are lent, the Federal Reserve retains ownership of the securities, so the amount of securities held outright on tables 1, 9, and 10 includes the securities lent.
FEDERAL RESERVE statistical release
 

H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
July 23, 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 22, 2009
Week ended
Jul 22, 2009
Change from week ended
Jul 15, 2009 Jul 23, 2008
                                                              
Reserve Bank credit                                       2,010,659    -    1,087    +1,126,759     2,023,907 
  Securities held outright (1)                            1,325,951    +   60,244    +  846,862     1,340,871 
    U.S. Treasury securities                                686,476    +    9,314    +  207,387       692,726 
      Bills (2)                                              18,423             0    -    3,317        18,423 
      Notes and bonds, nominal (2)                          618,575    +    7,742    +  206,183       624,575 
      Notes and bonds, inflation-indexed (2)                 44,223    +    1,400    +    5,052        44,438 
      Inflation compensation (3)                              5,255    +      172    -      532         5,291 
    Federal agency debt securities (2)                      102,121    +    2,633    +  102,121       102,680 
    Mortgage-backed securities (4)                          537,354    +   48,297    +  537,354       545,466 
  Repurchase agreements (5)                                       0             0    -  104,786             0 
  Term auction credit                                       237,634    -   36,057    +   87,634       237,634 
  Other loans                                               110,640    -    1,253    +   94,130       109,137 
    Primary credit                                           33,748    -      709    +   17,367        33,445 
    Secondary credit                                             31    +       31    -        3           121 
    Seasonal credit                                             89   +       15   -        7           90 
    Primary dealer and other broker-dealer credit (6)             0             0             0             0 
    Asset-Backed Commercial Paper Money Market                
      Mutual Fund Liquidity Facility                          3,560    -    4,438    +    3,560         2,227 
    Credit extended to American International                 
      Group, Inc. (7)                                        43,132    +      106    +   43,132        43,277 
    Term Asset-Backed Securities Loan Facility               30,080    +    3,742    +   30,080        29,978 
    Other credit extensions                                       0             0             0             0 
  Net portfolio holdings of Commercial Paper                  
    Funding Facility LLC (8)                                110,501    -    1,859    +  110,501       109,846 
  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)             25,989    +       31    -    3,036        26,056 
  Net portfolio holdings of Maiden Lane II LLC (11)          15,755    +       11    +   15,755        15,760 
  Net portfolio holdings of Maiden Lane III LLC (12)         18,817    +       33    +   18,817        18,837 
  Float                                                      -2,058    +       56    -      654        -2,049 
  Central bank liquidity swaps (13)                          89,864    -   21,914    +   27,864        89,582 
  Other Federal Reserve assets (14)                          77,565    -      379    +   33,671        78,232 
Gold stock                                                   11,041             0             0        11,041 
Special drawing rights certificate account                    2,200             0             0         2,200 
Treasury currency outstanding (15)                           42,473    +       14    +    3,797        42,473 
                                                              
Total factors supplying reserve funds                     2,066,373    -    1,073    +1,130,555     2,079,620 
 

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 22, 2009
Week ended
Jul 22, 2009
Change from week ended
Jul 15, 2009 Jul 23, 2008
                                                              
Currency in circulation (15)                                908,744    -    1,723    +   78,945       909,530 
Reverse repurchase agreements (16)                           67,805    -      955    +   25,195        66,833 
  Foreign official and international accounts                67,805    -      955    +   25,195        66,833 
  Dealers                                                         0             0             0             0 
Treasury cash holdings                                          347    -        1    +       69           337 
Deposits with F.R. Banks, other than reserve balances       280,637    +   30,710    +  267,530       270,095 
  U.S. Treasury, general account                             73,188    +   46,757    +   67,769        61,601 
  U.S. Treasury, supplementary financing account            199,936    -        3    +  199,936       199,936 
  Foreign official                                            1,736    -    1,225    +    1,635         1,884 
  Service-related                                             5,165    +      978    -    2,088         5,165 
    Required clearing balances                                5,153    +      966    -    2,100         5,153 
    Adjustments to compensate for float                          12    +       12    +       12            12 
  Other                                                         612    -   15,797    +      277         1,509 
Other liabilities and capital (17)                           56,611    +      405    +   12,400        56,613 
                                                              
Total factors, other than reserve balances,                                                       
   absorbing reserve funds                                1,314,145    +   28,438    +  384,140     1,303,409 
                                                              
Reserve balances with Federal Reserve Banks                 752,228    -   29,511    +  746,416       776,212 
                                                                
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 22, 2009
Week ended
Jul 22, 2009
Change from week ended
Jul 15, 2009 Jul 23, 2008
                                                              
Marketable securities held in custody for foreign             
      official and international accounts (1)             2,786,931    +    4,808    +  433,481     2,790,055 
  U.S. Treasury securities                                1,995,795    +   14,007    +  623,371     1,997,994 
  Federal agency securities (2)                             791,137    -    9,199    -  189,889       792,061 
Securities lent to dealers                                   11,462    -    3,051    -  105,094        17,408 
  Overnight facility (3)                                      8,540    -    1,723    +    3,541        14,708 
    U.S. Treasury securities                                  8,355    -    1,754    +    3,356        14,587 
    Federal agency debt securities                              185    +       31    +      185           121 
  Term facility (4)                                           2,921    -    1,329    -  108,636         2,700 
 

Note: Components may not sum to totals because of rounding.
 

1. Face value of the securities. Includes U.S. Treasury STRIPS, other zero-coupon bonds, and mortgage-backed
securities at face value.
2. Includes debt and mortgage-backed securities.
3. Fully collateralized by U.S. Treasury securities.
4. U.S. Treasury securities only. Fully collateralized by U.S. Treasury securities, federal agency securities, and other highly rated debt securities.
 

 

 

 

 

 

2. Maturity Distribution of Term Auction Credit, Other Loans, and Securities, July 22, 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                    86,337      151,298         ---            ---          ---         ---       237,634
Other loans (1)                        27,600        8,283            0        73,254            0         ---       109,137
U.S. Treasury securities (2)                    
  Holdings                             15,018       23,891       63,994       277,376      183,943     128,504       692,726
  Weekly changes                   +      377   +      233   +      328    +      134   +    7,690  -       66    +    8,696
Federal agency debt securities (3)                        
  Holdings                                  0          750       12,751        66,649       21,203       1,327       102,680
  Weekly changes                   -      196            0   +    2,730    -    2,730   +    1,060  +      115    +      979
Mortgage-backed securities (4)                            
  Holdings                                  0            0            0             0            0     545,466       545,466
  Weekly changes                            0            0            0             0            0  +   19,048    +   19,048
Commercial paper held by                        
  Commercial Paper Funding                      
  Facility LLC (5)                     81,508       24,501            0           ---          ---         ---       106,009
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)       61,413       28,169            0             0            0           0        89,582
                                                
Reverse repurchase agreements (7)      66,833            0          ---           ---          ---         ---        66,833
  
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 22, 2009
                                                                                                
Mortgage-backed securities held outright (1)                                                       545,466    
                                                                                                
Commitments to buy mortgage-backed securities (2)                                                  134,415    
Commitments to sell mortgage-backed securities (2)                                                  19,180    
                                                                                                
Cash and cash equivalents (3)                                                                           37    
 

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 22, 2009
                                                                                                
Net portfolio holdings of Maiden Lane LLC (1)                                                       26,056    
                                                                                                
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)                                   348    
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3)        1,221    
 
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 22, 2009
                                                                                                
Net portfolio holdings of Maiden Lane II LLC (1)                                                     15,760   
                                                                                                
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)            17,232   
Accrued interest payable to the Federal Reserve Bank of New York (2)                                    173   
Deferred payment and accrued interest payable to subsidiaries of American International         
  Group, Inc. (3)                                                                                     1,022   
 

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 22, 2009
                                                                                                
Net portfolio holdings of Maiden Lane III LLC (1)                                                    18,837   
                                                                                                
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)            20,757   
Accrued interest payable to the Federal Reserve Bank of New York (2)                                    231   
Outstanding principal amount and accrued interest on loan payable to American International     
  Group, Inc. (3)                                                                                     5,119   
 

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 22, 2009
                                                                                                
Commercial paper holdings, net (1)                                                                  105,848   
Other investments, net                                                                                3,998   
Net portfolio holdings of Commercial Paper Funding Facility LLC                                     109,846   
                                                                                                
Memorandum: Commercial paper holdings, face value                                                   106,009   
                                                                                                
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)           105,359   
Accrued interest payable to the Federal Reserve Bank of New York (2)                                     54   
 

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 22, 2009
                                                                                                
Money market instrument holdings, net (1)                                                                 0   
Other investments, net                                                                                    0   
Net portfolio holdings of LLCs funded through the Money Market Investor Funding Facility                  0   
                                                                                                
Memorandum: Money market instrument holdings, face value                                                  0   
                                                                                                
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                 0   
Accrued interest payable to the Federal Reserve Bank of New York (2)                                      0   
Commercial paper issued by LLCs funded through the Money Market Investor Funding Facility,      
  net of related discounts                                                                                0   
 

1. Book value, which includes amortized cost.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of
condition consistent with consolidation under generally accepted accounting principles. Refer to the note
on consolidation accompanying table 10.
 

Note: The Federal Reserve Board authorized the Federal Reserve Bank of New York to extend credit under the
authority of section 13(3) of the Federal Reserve Act to a series of limited liability companies funded through
the Money Market Investor Funding Facility (MMIFF). The MMIFF became operational on November 24, 2008. These
limited liability companies were established to purchase short-term U.S. dollar-denominated certificates of
deposit, bank notes, and outstanding asset-backed commercial paper from eligible issuers. Such purchases are
designed to foster liquidity in short-term money markets.
 

 

9. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of dollars
Assets, liabilities, and capital Eliminations
from
consolidation
  Change since
Wednesday
Jul 22, 2009
Wednesday
Jul 15, 2009
Wednesday
Jul 23, 2008
Assets                                                   
Gold certificate account                                           11,037                0                   0
Special drawing rights certificate account                          2,200                0                   0
Coin                                                                1,838       +       46          +      504
Securities, repurchase agreements, term auction          
      credit, and other loans                                   1,687,643       -   11,484          +  936,943
  Securities held outright (1)                                  1,340,871       +   28,721          +  861,750
    U.S. Treasury securities                                      692,726       +    8,696          +  213,605
      Bills (2)                                                    18,423                0          -    3,317
      Notes and bonds, nominal (2)                                624,575       +    7,000          +  212,183
      Notes and bonds, inflation-indexed (2)                       44,438       +    1,499          +    5,267
      Inflation compensation (3)                                    5,291       +      196          -      527
    Federal agency debt securities (2)                            102,680       +      979          +  102,680
    Mortgage-backed securities (4)                                545,466       +   19,048          +  545,466
  Repurchase agreements (5)                                             0                0          -  103,750
  Term auction credit                                             237,634       -   36,057          +   87,634
  Other loans                                                     109,137       -    4,149          +   91,307
Net portfolio holdings of Commercial Paper               
  Funding Facility LLC (6)                                        109,846       -    1,207          +  109,846
Net portfolio holdings of LLCs funded through            
  the Money Market Investor Funding Facility (7)                        0                0                   0
Net portfolio holdings of Maiden Lane LLC (8)                      26,056       +       78          -    3,003
Net portfolio holdings of Maiden Lane II LLC (9)                   15,760       +        6          +   15,760
Net portfolio holdings of                                
  Maiden Lane III LLC (10)                                         18,837       +       23          +   18,837
Items in process of collection                         (390)          438       -       18          -      993
Bank premises                                                       2,211       +       10          +       53
Central bank liquidity swaps (11)                                  89,582       -   22,059          +   27,582
Other assets (12)                                                  76,033       +    1,264          +   34,909
                                                         
      Total assets                                     (390)    2,041,481       -   33,341          +1,140,437
 

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 22, 2009
Wednesday
Jul 15, 2009
Wednesday
Jul 23, 2008
Liabilities                                              
Federal Reserve notes, net of F.R. Bank holdings                  869,228       -    1,099          +   74,984
Reverse repurchase agreements (13)                                 66,833       +      491          +   24,684
Deposits                                                 (0)    1,046,319       -   32,871          +1,028,208
  Depository institutions                                         781,389       -   27,435          +  770,421
  U.S. Treasury, general account                                   61,601       -    3,633          +   54,881
  U.S. Treasury, supplementary financing account                  199,936       -        3          +  199,936
  Foreign official                                                  1,884       -       81          +    1,783
  Other                                                  (0)        1,509       -    1,720          +    1,187
Deferred availability cash items                       (390)        2,487       -      399          -      464
Other liabilities and accrued dividends (14)                        6,477       -      127          +    3,104
                                                         
      Total liabilities                                (390)    1,991,344       -   34,004          +1,130,516
                                                         
Capital accounts                                         
Capital paid in                                                    24,516       +        4          +    4,612
Surplus                                                            21,289       +        8          +    2,795
Other capital accounts                                              4,331       +      650          +    2,513
                                                         
      Total capital                                                50,137       +      663          +    9,921
 

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 22, 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                                           1,838          61          73         154         148         241         224         223          40          59         130         190         294 
Securities, repurchase agreements, term                            
      auction credit, and other loans      1,687,643      38,463     806,819      29,058      59,781      52,162     165,009     150,006      54,915      22,792      62,591      67,050     178,997 
  Securities held outright (1)             1,340,871      25,722     524,114      20,802      52,975      48,321     161,557     145,097      52,530      22,199      60,526      64,833     162,196 
    U.S. Treasury securities                 692,726      13,289     270,769      10,747      27,368      24,964      83,464      74,960      27,138      11,468      31,269      33,494      83,794 
      Bills (2)                               18,423         353       7,201         286         728         664       2,220       1,994         722         305         832         891       2,228 
      Notes and bonds (3)                    674,303      12,935     263,568      10,461      26,640      24,300      81,244      72,967      26,417      11,163      30,437      32,604      81,566 
    Federal agency debt securities (2)       102,680       1,970      40,135       1,593       4,057       3,700      12,372      11,111       4,023       1,700       4,635       4,965      12,421 
    Mortgage-backed securities (4)           545,466      10,464     213,209       8,462      21,550      19,657      65,721      59,025      21,369       9,030      24,622      26,374      65,981 
  Repurchase agreements (5)                        0           0           0           0           0           0           0           0           0           0           0           0           0 
  Term auction credit                        237,634      10,317     179,566       8,027       6,765       3,399       3,245       3,575       2,273         378       2,063       2,211      15,816 
  Other loans                                109,137       2,424     103,139         229          41         441         207       1,334         112         215           3           6         986 
Net portfolio holdings of Commercial                               
  Paper Funding Facility LLC (6)             109,846           0     109,846           0           0           0           0           0           0           0           0           0           0 
Net portfolio holdings of LLCs funded                              
  through the Money Market Investor                                
  Funding Facility (7)                             0           0           0           0           0           0           0           0           0           0           0           0           0 
Net portfolio holdings of Maiden Lane                              
  LLC (8)                                     26,056           0      26,056           0           0           0           0           0           0           0           0           0           0 
Net portfolio holdings of Maiden                                   
  Lane II LLC (9)                             15,760           0      15,760           0           0           0           0           0           0           0           0           0           0 
Net portfolio holdings of Maiden                                   
  Lane III LLC (10)                           18,837           0      18,837           0           0           0           0           0           0           0           0           0           0 
Items in process of collection                   828          19           0         118          96          32         335          10          11          46          67          48          47 
Bank premises                                  2,211         121         228          68         147         238         222         207         135         112         270         248         213 
Central bank liquidity swaps (11)             89,582       3,659      22,551      10,032       6,726      25,915       6,984       3,048         909       1,406         901       1,174       6,278 
Other assets (12)                             76,033       2,020      26,489       3,612       3,859       9,123       8,005       6,263       2,246       1,251       2,537       2,790       7,838 
Interdistrict settlement account                   0   +   5,094   +   2,024   +  11,085   -   5,356   + 154,856   -  36,934   -  51,192   -  23,402   -   3,635   -  20,663   -   4,184   -  27,694 
                                                                   
      Total assets                         2,041,871      49,963   1,033,452      54,659      65,972     243,597     145,368     109,688      35,255      22,257      46,234      68,036     167,390 
 

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 22, 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           1,056,027      35,841     382,052      39,817      45,150      82,592     132,398      86,345      31,054      19,816      28,782      62,358     109,820 
  Less: Notes held by F.R. Banks              186,799       4,784      57,297       6,828       8,404      12,796      28,002      13,459       4,344       3,174       3,528      18,455      25,728 
    Federal Reserve notes, net                869,228      31,057     324,754      32,990      36,747      69,796     104,396      72,887      26,710      16,643      25,254      43,903      84,092 
Reverse repurchase agreements (13)             66,833       1,282      26,124       1,037       2,640       2,408       8,052       7,232       2,618       1,106       3,017       3,231       8,084 
Deposits                                    1,046,319      15,549     663,925      14,949      22,709     157,358      28,879      27,169       5,095       2,881      17,132      19,791      70,881 
  Depository institutions                     781,389      15,537     399,184      14,944      22,705     157,224      28,870      27,166       5,082       2,881      17,131      19,790      70,875 
  U.S. Treasury, general account               61,601           0      61,601           0           0           0           0           0           0           0           0           0           0 
  U.S. Treasury, supplementary                                      
    financing account                         199,936           0     199,936           0           0           0           0           0           0           0           0           0           0 
  Foreign official                              1,884           2       1,854           4           3          11           3           1           0           1           0           1           3 
  Other                                         1,509          10       1,351           1           1         123           7           2          13           0           1           0           2 
Deferred availability cash items                2,877          73           0         393         344          97         250         285         113         292         189         280         562 
Other liabilities and accrued                                                 
  dividends (14)                                6,477         139       3,487         146         213         398         494         425         201         120         181         230         443 
                                                                    
      Total liabilities                     1,991,734      48,098   1,018,291      49,514      62,653     230,057     142,071     107,998      34,737      21,043      45,772      67,436     164,063 
                                                                    
Capital                                                             
Capital paid in                                24,516         921       7,247       2,607       1,635       6,809       1,559         791         238         621         208         274       1,607 
Surplus                                        21,289         844       5,819       2,316       1,552       5,981       1,612         704         209         324         208         271       1,449 
Other capital                                   4,331         100       2,095         222         132         749         126         195          70         269          46          55         271 
                                                                    
      Total liabilities and capital         2,041,871      49,963   1,033,452      54,659      65,972     243,597     145,368     109,688      35,255      22,257      46,234      68,036     167,390 
                              
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 22, 2009 (continued)
 

1. Includes securities lent to dealers under the overnight and term securities lending facilities; refer to table 1A.
2. Face value of the securities.
3. Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face value of such securities.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the underlying mortgages.
5. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.
6. Refer to table 7 and the note on consolidation below.
7. Refer to table 8 and the note on consolidation below.
8. Refer to table 4 and the note on consolidation below.
9. Refer to table 5 and the note on consolidation below.
10. Refer to table 6 and the note on consolidation below.
11. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This
exchange rate equals the market exchange rate used when the foreign currency was acquired from the foreign central bank.
12. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates.
13. Cash value of agreements, which are collateralized by U.S. Treasury securities.
14. Includes the liabilities of Commercial Paper Funding Facility LLC, the LLCs funded through the Money Market Investor Funding Facility, Maiden Lane LLC, Maiden Lane II LLC, and Maiden
Lane III LLC to entities other than the Federal Reserve Bank of New York, including liabilities that have recourse only to the portfolio holdings of these LLCs. Refer to table 4 through
table 8 and the note on consolidation below.
 

Note on consolidation:
 

The Federal Reserve Bank of New York (FRBNY) has extended loans to several limited liability companies under the authority of section 13(3) of the Federal Reserve Act. On June 26, 2008,
a loan was extended to Maiden Lane LLC, which was formed to acquire certain assets of Bear Stearns. On October 27, 2008, the FRBNY began extending loans to Commercial Paper Funding
Facility LLC, which was formed to purchase three-month U.S. dollar-denominated commercial paper from eligible issuers. On October 21, 2008, the Federal Reserve Board authorized the FRBNY
to extend credit to a series of LLCs funded through the Money Market Investor Funding Facility. These LLCs, which became operational on November 24, 2008, were established to purchase
short-term U.S. dollar-denominated certificates of deposit, bank notes, and commercial paper from eligible issuers. On November 25, 2008, a loan was extended to Maiden Lane III LLC,
which was formed to purchase multi-sector collateralized debt obligations on which the Financial Products group of the American International Group, Inc. has written credit default swap
contracts. On December 12, 2008, a loan was extended to Maiden Lane II LLC, which was formed to purchase residential mortgage-backed securities from the U.S. securities lending
reinvestment portfolio of subsidiaries of American International Group, Inc.
 

The FRBNY is the sole beneficiary of Commercial Paper Funding Facility LLC and the primary beneficiary of the other LLCs cited above. Consistent with generally accepted accounting principles,
the assets and liabilities of these LLCs have been consolidated with the assets and liabilities of the FRBNY in the preparation of the statements of condition shown on this release. As a
consequence of the consolidation, the extensions of credit from the FRBNY to the LLCs are eliminated, the net assets of the LLCs appear as assets on the previous page (and in table 1 and
table 9), and the liabilities of the LLCs to entities other than the FRBNY, including those with recourse only to the portfolio holdings of the LLCs, are included in other liabilities in
this table (and table 1 and table 9).
 

 

11. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts
Millions of dollars
Federal Reserve notes and collateral Wednesday
Jul 22, 2009
                                                                                            
Federal Reserve notes outstanding                                                              1,056,027 
  Less: Notes held by F.R. Banks not subject to collateralization                                186,799 
    Federal Reserve notes to be collateralized                                                   869,228 
Collateral held against Federal Reserve notes                                                    869,228 
  Gold certificate account                                                                        11,037 
  Special drawing rights certificate account                                                       2,200 
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                       855,991 
  Other assets pledged                                                                                 0 
                                                                                            
Memo:                                                                                       
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                         1,340,871 
  Less: Face value of securities under reverse repurchase agreements                              66,962 
    U.S. Treasury, agency debt, and mortgage-backed securities                              
    eligible to be pledged                                                                     1,273,909 
   
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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