FEDERAL RESERVE statistical release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks September 10, 2009 1. Factors Affecting Reserve Balances of Depository Institutions Millions of dollars Reserve Bank credit, related items, and Averages of daily figures reserve balances of depository institutions at Week ended Change from week ended Wednesday Federal Reserve Banks Sep 9, 2009 Sep 2, 2009 Sep 10, 2008 Sep 9, 2009 Reserve Bank credit 2,069,588 + 6,283 +1,179,147 2,072,293 Securities held outright (1) 1,501,369 + 10,741 +1,021,607 1,506,166 U.S. Treasury securities 753,535 + 5,504 + 273,773 757,772 Bills (2) 18,423 0 - 3,317 18,423 Notes and bonds, nominal (2) 684,782 + 5,507 + 273,051 689,025 Notes and bonds, inflation-indexed (2) 44,588 0 + 4,756 44,588 Inflation compensation (3) 5,742 - 4 - 717 5,737 Federal agency debt securities (2) 122,576 + 4,350 + 122,576 123,116 Mortgage-backed securities (4) 625,257 + 886 + 625,257 625,278 Repurchase agreements (5) 0 0 - 110,821 0 Term auction credit 212,110 0 + 62,110 212,110 Other loans 107,153 - 2,063 + 87,262 106,429 Primary credit 30,374 - 2,285 + 10,578 29,478 Secondary credit 581 - 9 + 581 578 Seasonal credit 107 - 6 + 12 107 Primary dealer and other broker-dealer credit (6) 0 0 0 0 Asset-Backed Commercial Paper Money Market Mutual Fund Liquidity Facility 79 0 + 79 79 Credit extended to American International Group, Inc., net (7) 38,891 + 84 + 38,891 39,132 Term Asset-Backed Securities Loan Facility 37,121 + 152 + 37,121 37,056 Other credit extensions 0 0 0 0 Net portfolio holdings of Commercial Paper Funding Facility LLC (8) 47,139 - 1,016 + 47,139 45,667 Net portfolio holdings of LLCs funded through the Money Market Investor Funding Facility (9) 0 0 0 0 Net portfolio holdings of Maiden Lane LLC (10) 26,083 + 48 - 3,210 26,109 Net portfolio holdings of Maiden Lane II LLC (11) 14,680 - 264 + 14,680 14,637 Net portfolio holdings of Maiden Lane III LLC (12) 20,430 - 467 + 20,430 20,511 Float -1,894 + 138 - 837 -2,884 Central bank liquidity swaps (13) 61,607 - 1,680 - 393 61,607 Other Federal Reserve assets (14) 80,911 + 847 + 41,181 81,940 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding (15) 42,499 + 14 + 3,824 42,487 Total factors supplying reserve funds 2,125,328 + 6,297 +1,182,971 2,128,021 Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table. 1. Factors Affecting Reserve Balances of Depository Institutions (continued) Millions of dollars Reserve Bank credit, related items, and Averages of daily figures reserve balances of depository institutions at Week ended Change from week ended Wednesday Federal Reserve Banks Sep 9, 2009 Sep 2, 2009 Sep 10, 2008 Sep 9, 2009 Currency in circulation (15) 915,866 + 5,419 + 81,389 916,985 Reverse repurchase agreements (16) 66,526 - 2,899 + 23,836 65,874 Foreign official and international accounts 66,526 - 2,899 + 23,836 65,874 Dealers 0 0 0 0 Treasury cash holdings 256 + 1 - 19 265 Deposits with F.R. Banks, other than reserve balances 223,770 - 18,645 + 211,520 211,826 U.S. Treasury, general account 16,798 - 18,783 + 12,075 4,500 U.S. Treasury, supplementary financing account 199,932 0 + 199,932 199,932 Foreign official 2,514 + 11 + 2,353 2,704 Service-related 4,077 0 - 3,008 4,077 Required clearing balances 4,077 0 - 3,008 4,077 Adjustments to compensate for float 0 0 0 0 Other 448 + 126 + 167 613 Other liabilities and capital (17) 59,452 + 104 + 14,772 59,208 Total factors, other than reserve balances, absorbing reserve funds 1,265,870 - 16,020 + 331,498 1,254,158 Reserve balances with Federal Reserve Banks 859,458 + 22,317 + 851,473 873,862 Note: Components may not sum to totals because of rounding. 1. Includes securities lent to dealers under the overnight and term securities lending facilities; refer to table 1A. 2. Face value of the securities. 3. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed securities. 4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the underlying mortgages. 5. Cash value of agreements. 6. Includes credit extended through the Primary Dealer Credit Facility and credit extended to certain other broker-dealers. 7. Includes outstanding principal and capitalized interest net of unamortized deferred commitment fees and allowance for loan restructuring. Excludes credit extended to consolidated LLCs. 8. Refer to table 7 and the note on consolidation accompanying table 10. 9. Refer to table 8 and the note on consolidation accompanying table 10. 10. Refer to table 4 and the note on consolidation accompanying table 10. 11. Refer to table 5 and the note on consolidation accompanying table 10. 12. Refer to table 6 and the note on consolidation accompanying table 10. 13. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the foreign central bank. 14. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates. 15. Estimated. 16. Cash value of agreements, which are collateralized by U.S. Treasury securities. 17. Includes the liabilities of Commercial Paper Funding Facility LLC, the LLCs funded through the Money Market Investor Funding Facility, Maiden Lane LLC, Maiden Lane II LLC, and Maiden Lane III LLC to entities other than the Federal Reserve Bank of New York, including liabilities that have recourse only to the portfolio holdings of these LLCs. Refer to table 4 through table 8 and the note on consolidation accompanying table 10. Sources: Federal Reserve Banks and the U.S. Department of the Treasury. 1A. Memorandum Items Millions of dollars Averages of daily figures Memorandum item Week ended Change from week ended Wednesday Sep 9, 2009 Sep 2, 2009 Sep 10, 2008 Sep 9, 2009 Marketable securities held in custody for foreign official and international accounts (1) 2,827,799 - 723 + 432,452 2,826,104 U.S. Treasury securities 2,050,050 + 945 + 610,388 2,049,205 Federal agency securities (2) 777,749 - 1,668 - 177,936 776,899 Securities lent to dealers 12,035 + 169 - 106,028 13,237 Overnight facility (3) 12,035 + 169 + 9,870 13,237 U.S. Treasury securities 11,812 + 137 + 9,647 12,996 Federal agency debt securities 223 + 31 + 223 241 Term facility (4) 0 0 - 115,899 0 Note: Components may not sum to totals because of rounding. 1. Face value of the securities. Includes U.S. Treasury STRIPS, other zero-coupon bonds, and mortgage-backed securities at face value. 2. Includes debt and mortgage-backed securities. 3. Fully collateralized by U.S. Treasury securities. 4. U.S. Treasury securities only. Fully collateralized by U.S. Treasury securities, federal agency securities, and other highly rated debt securities. 2. Maturity Distribution of Term Auction Credit, Other Loans, and Securities, September 9, 2009 Millions of dollars Remaining maturity Within 15 16 days to 91 days to Over 1 year Over 5 years Over 10 All days 90 days 1 year to 5 years to 10 years years Term auction credit 121,402 90,708 --- --- --- --- 212,110 Other loans (1) 23,969 6,272 0 76,187 0 --- 106,429 U.S. Treasury securities (2) Holdings 14,789 22,849 58,044 317,928 206,041 138,121 757,772 Weekly changes + 2,156 - 2,157 - 2 - 5 + 4,946 - 7 + 4,931 Federal agency debt securities (3) Holdings 750 0 15,630 79,476 25,243 2,017 123,116 Weekly changes 0 0 0 + 3,779 0 0 + 3,779 Mortgage-backed securities (4) Holdings 0 0 0 0 0 625,278 625,278 Weekly changes 0 0 0 0 0 + 25 + 25 Commercial paper held by Commercial Paper Funding Facility LLC (5) 3,282 37,971 0 --- --- --- 41,252 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) 47,095 14,512 0 0 0 0 61,607 Reverse repurchase agreements (7) 65,874 0 --- --- --- --- 65,874 Note: Components may not sum to totals because of rounding. --- Not applicable. 1. Excludes the loans from the Federal Reserve Bank of New York (FRBNY) to Commercial Paper Funding Facility LLC, the LLCs funded through the Money Market Investor Funding Facility, Maiden Lane LLC, Maiden Lane II LLC, and Maiden Lane III LLC. The loans were eliminated when preparing the FRBNY's statement of condition consistent with consolidation under generally accepted accounting principles. 2. Face value. For inflation-indexed securities, includes the original face value and compensation that adjusts for the effect of inflation on the original face value of such securities. 3. Face value. 4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the underlying mortgages. 5. Face value of commercial paper held by Commercial Paper Funding Facility LLC. 6. Face value of money market instruments held by LLCs funded through the Money Market Investor Funding Facility. 7. Cash value of agreements. 8. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the foreign central bank. 3. Supplemental Information on Mortgage-Backed Securities Purchase Program Millions of dollars Wednesday Account name Sep 9, 2009 Mortgage-backed securities held outright (1) 625,278 Commitments to buy mortgage-backed securities (2) 197,174 Commitments to sell mortgage-backed securities (2) 13,640 Cash and cash equivalents (3) 61 1. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the underlying mortgages. 2. Current face value. Generally settle within 180 days and include commitments associated with outright transactions as well as dollar rolls. 3. This amount is included in other Federal Reserve assets in table 1 and in other assets in table 9 and table 10. 4. Information on Principal Accounts of Maiden Lane LLC Millions of dollars Wednesday Account name Sep 9, 2009 Net portfolio holdings of Maiden Lane LLC (1) 26,109 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) 368 Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3) 1,229 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 June 30, 2009. Any assets purchased after this valuation date are initially recorded at cost until their estimated fair value as of the purchase date becomes available. 2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 10. 3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 9 and table 10. Note: On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended credit to Maiden Lane LLC under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to acquire certain assets of Bear Stearns and to manage those assets through time to maximize repayment of the credit extended and to minimize disruption to financial markets. Payments by Maiden Lane LLC from the proceeds of the net portfolio holdings will be made in the following order: operating expenses of the LLC, principal due to the FRBNY, interest due to the FRBNY, principal due to JPMorgan Chase & Co., and interest due to JPMorgan Chase & Co. Any remaining funds will be paid to the FRBNY. 5. Information on Principal Accounts of Maiden Lane II LLC Millions of dollars Wednesday Account name Sep 9, 2009 Net portfolio holdings of Maiden Lane II LLC (1) 14,637 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 16,587 Accrued interest payable to the Federal Reserve Bank of New York (2) 203 Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc. (3) 1,026 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 June 30, 2009. Any assets purchased after this valuation date are initially recorded at cost until their estimated fair value as of the purchase date becomes available. 2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 10. 3. Book value. The deferred payment represents the portion of the proceeds of the net portfolio holdings due to subsidiaries of American International Group, Inc. in accordance with the asset purchase agreement. The fair value of this payment and accrued interest payable are included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 9 and table 10. Note: On December 12, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden Lane II LLC under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to purchase residential mortgage-backed securities from the U.S. securities lending reinvestment portfolio of subsidiaries of American International Group, Inc. (AIG subsidiaries). Payments by Maiden Lane II LLC from the proceeds of the net portfolio holdings will be made in the following order: operating expenses of Maiden Lane II LLC, principal due to the FRBNY, interest due to the FRBNY, and deferred payment and interest due to AIG subsidiaries. Any remaining funds will be shared by the FRBNY and AIG subsidiaries. 6. Information on Principal Accounts of Maiden Lane III LLC Millions of dollars Wednesday Account name Sep 9, 2009 Net portfolio holdings of Maiden Lane III LLC (1) 20,511 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 19,574 Accrued interest payable to the Federal Reserve Bank of New York (2) 267 Outstanding principal amount and accrued interest on loan payable to American International Group, Inc. (3) 5,141 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 June 30, 2009. Any assets purchased after this valuation date are initially recorded at cost until their estimated fair value as of the purchase date becomes available. 2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 10. 3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 9 and table 10. Note: On November 25, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden Lane III LLC under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to purchase multi-sector collateralized debt obligations (CDOs) on which the Financial Products group of American International Group, Inc. (AIG) has written credit default swap (CDS) contracts. In connection with the purchase of CDOs, the CDS counterparties will concurrently unwind the related CDS transactions. Payments by Maiden Lane III LLC from the proceeds of the net portfolio holdings will be made in the following order: operating expenses of Maiden Lane III LLC, principal due to the FRBNY, interest due to the FRBNY, principal due to AIG, and interest due to AIG. Any remaining funds will be shared by the FRBNY and AIG. 7. Information on Principal Accounts of Commercial Paper Funding Facility LLC Millions of dollars Wednesday Account name Sep 9, 2009 Commercial paper holdings, net (1) 41,095 Other investments, net 4,572 Net portfolio holdings of Commercial Paper Funding Facility LLC 45,667 Memorandum: Commercial paper holdings, face value 41,252 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 40,983 Accrued interest payable to the Federal Reserve Bank of New York (2) 13 1. Book value, which includes amortized cost and related fees. 2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 10. Note: On October 27, 2008, the Federal Reserve Bank of New York began extending loans under the authority of section 13(3) of the Federal Reserve Act to Commercial Paper Funding Facility LLC. This LLC is a limited liability company formed to purchase three-month U.S. dollar-denominated commercial paper from eligible issuers and thereby foster liquidity in short-term funding markets and increase the availability of credit for businesses and households. 8. Information on Principal Accounts of LLCs Funded through the Money Market Investor Funding Facility Millions of dollars Wednesday Account name Sep 9, 2009 Money market instrument holdings, net (1) 0 Other investments, net 0 Net portfolio holdings of LLCs funded through the Money Market Investor Funding Facility 0 Memorandum: Money market instrument holdings, face value 0 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 0 Accrued interest payable to the Federal Reserve Bank of New York (2) 0 Commercial paper issued by LLCs funded through the Money Market Investor Funding Facility, net of related discounts 0 1. Book value, which includes amortized cost. 2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 10. Note: The Federal Reserve Board authorized the Federal Reserve Bank of New York to extend credit under the authority of section 13(3) of the Federal Reserve Act to a series of limited liability companies funded through the Money Market Investor Funding Facility (MMIFF). The MMIFF became operational on November 24, 2008. These limited liability companies were established to purchase short-term U.S. dollar-denominated certificates of deposit, bank notes, and outstanding asset-backed commercial paper from eligible issuers. Such purchases are designed to foster liquidity in short-term money markets. 9. Consolidated Statement of Condition of All Federal Reserve Banks Millions of dollars Eliminations Change since from Wednesday Wednesday Wednesday Assets, liabilities, and capital consolidation Sep 9, 2009 Sep 2, 2009 Sep 10, 2008 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 2,200 0 0 Coin 1,920 + 4 + 475 Securities, repurchase agreements, term auction credit, and other loans 1,824,705 + 6,602 +1,044,616 Securities held outright (1) 1,506,166 + 8,735 +1,026,384 U.S. Treasury securities 757,772 + 4,931 + 277,990 Bills (2) 18,423 0 - 3,317 Notes and bonds, nominal (2) 689,025 + 4,950 + 277,294 Notes and bonds, inflation-indexed (2) 44,588 0 + 4,756 Inflation compensation (3) 5,737 - 18 - 743 Federal agency debt securities (2) 123,116 + 3,779 + 123,116 Mortgage-backed securities (4) 625,278 + 25 + 625,278 Repurchase agreements (5) 0 0 - 126,750 Term auction credit 212,110 0 + 62,110 Other loans 106,429 - 2,133 + 82,873 Net portfolio holdings of Commercial Paper Funding Facility LLC (6) 45,667 - 1,996 + 45,667 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) 26,109 + 30 - 3,218 Net portfolio holdings of Maiden Lane II LLC (9) 14,637 - 310 + 14,637 Net portfolio holdings of Maiden Lane III LLC (10) 20,511 - 424 + 20,511 Items in process of collection (570) 599 - 21 - 833 Bank premises 2,216 + 2 + 51 Central bank liquidity swaps (11) 61,607 - 1,680 - 393 Other assets (12) 79,780 + 2,003 + 42,273 Total assets (570) 2,090,989 + 4,212 +1,163,788 Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table. 9. Consolidated Statement of Condition of All Federal Reserve Banks (continued) Millions of dollars Eliminations Change since from Wednesday Wednesday Wednesday Assets, liabilities, and capital consolidation Sep 9, 2009 Sep 2, 2009 Sep 10, 2008 Liabilities Federal Reserve notes, net of F.R. Bank holdings 876,679 + 3,866 + 79,077 Reverse repurchase agreements (13) 65,874 - 2,829 + 21,578 Deposits (0) 1,085,745 + 2,083 +1,047,450 Depository institutions 877,995 + 55,662 + 845,927 U.S. Treasury, general account 4,500 - 54,216 - 912 U.S. Treasury, supplementary financing account 199,932 0 + 199,932 Foreign official 2,704 + 324 + 2,182 Other (0) 613 + 313 + 321 Deferred availability cash items (570) 3,483 + 617 + 758 Other liabilities and accrued dividends (14) 8,180 + 276 + 4,358 Total liabilities (570) 2,039,961 + 4,014 +1,153,221 Capital accounts Capital paid in 24,783 + 2 + 4,581 Surplus 21,348 + 8 + 2,834 Other capital accounts 4,897 + 187 + 3,152 Total capital 51,028 + 198 + 10,567 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, September 9, 2009 Millions of dollars Kansas San Assets, liabilities, and capital Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas Francisco Assets Gold certificate account 11,037 412 3,895 450 467 882 1,356 911 329 197 335 621 1,182 Special drawing rights certificate acct. 2,200 115 874 83 104 147 166 212 71 30 66 98 234 Coin 1,920 60 74 159 150 254 240 238 37 59 133 203 312 Securities, repurchase agreements, term auction credit, and other loans 1,824,705 36,689 864,469 30,740 63,589 56,953 183,123 167,414 60,983 25,429 69,947 74,842 190,528 Securities held outright (1) 1,506,166 28,893 588,723 23,367 59,506 54,278 181,472 162,983 59,006 24,935 67,987 72,825 182,191 U.S. Treasury securities 757,772 14,536 296,195 11,756 29,938 27,308 91,301 81,999 29,687 12,545 34,205 36,639 91,663 Bills (2) 18,423 353 7,201 286 728 664 2,220 1,994 722 305 832 891 2,228 Notes and bonds (3) 739,350 14,183 288,994 11,470 29,210 26,644 89,081 80,006 28,965 12,240 33,374 35,749 89,434 Federal agency debt securities (2) 123,116 2,362 48,123 1,910 4,864 4,437 14,834 13,322 4,823 2,038 5,557 5,953 14,893 Mortgage-backed securities (4) 625,278 11,995 244,406 9,701 24,703 22,533 75,337 67,662 24,496 10,352 28,224 30,233 75,636 Repurchase agreements (5) 0 0 0 0 0 0 0 0 0 0 0 0 0 Term auction credit 212,110 7,557 172,043 7,334 4,078 2,477 1,360 3,348 1,918 374 1,953 1,992 7,677 Other loans 106,429 239 103,703 40 6 199 291 1,083 60 119 7 24 660 Net portfolio holdings of Commercial Paper Funding Facility LLC (6) 45,667 0 45,667 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) 26,109 0 26,109 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of Maiden Lane II LLC (9) 14,637 0 14,637 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of Maiden Lane III LLC (10) 20,511 0 20,511 0 0 0 0 0 0 0 0 0 0 Items in process of collection 1,169 37 0 266 126 82 173 80 80 53 84 66 122 Bank premises 2,216 121 237 69 146 239 222 206 134 111 269 250 212 Central bank liquidity swaps (11) 61,607 2,538 15,111 6,959 4,665 17,976 4,844 2,115 630 975 625 815 4,355 Other assets (12) 79,780 2,089 28,039 3,713 4,011 9,365 8,422 6,615 2,360 1,308 2,679 2,941 8,238 Interdistrict settlement account 0 + 11,796 + 10,223 + 14,529 - 13,608 + 191,879 - 44,939 - 67,188 - 26,988 - 4,890 - 27,556 - 13,046 - 30,211 Total assets 2,091,559 53,857 1,029,845 56,969 59,651 277,777 153,608 110,602 37,636 23,272 46,582 66,789 174,971 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, September 9, 2009 (continued) Millions of dollars Kansas San Assets, liabilities, and capital Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas Francisco Liabilities Federal Reserve notes outstanding 1,060,610 35,366 387,621 39,549 44,820 82,540 131,228 85,620 30,944 19,631 28,729 63,057 111,506 Less: Notes held by F.R. Banks 183,932 4,510 59,247 6,966 8,704 11,955 25,917 13,422 4,345 3,177 3,301 16,934 25,454 Federal Reserve notes, net 876,679 30,856 328,374 32,582 36,116 70,585 105,311 72,198 26,600 16,454 25,428 46,123 86,052 Reverse repurchase agreements (13) 65,874 1,264 25,749 1,022 2,603 2,374 7,937 7,128 2,581 1,091 2,973 3,185 7,968 Deposits 1,085,745 19,585 655,912 17,304 16,930 190,209 36,042 28,725 7,582 3,843 17,246 16,255 76,111 Depository institutions 877,995 19,579 448,318 17,300 16,927 190,114 36,039 28,695 7,574 3,842 17,244 16,255 76,108 U.S. Treasury, general account 4,500 0 4,500 0 0 0 0 0 0 0 0 0 0 U.S. Treasury, supplementary financing account 199,932 0 199,932 0 0 0 0 0 0 0 0 0 0 Foreign official 2,704 2 2,675 4 3 11 3 1 0 1 0 1 3 Other 613 4 487 0 0 84 0 28 7 0 1 0 1 Deferred availability cash items 4,053 117 0 618 457 185 419 336 130 360 259 359 812 Other liabilities and accrued dividends (14) 8,180 155 4,626 178 252 512 590 497 227 137 210 263 533 Total liabilities 2,040,531 51,977 1,014,661 51,705 56,357 263,865 150,299 108,885 37,120 21,885 46,115 66,186 171,476 Capital Capital paid in 24,783 921 7,293 2,604 1,613 6,892 1,556 799 237 711 209 273 1,675 Surplus 21,348 844 5,877 2,316 1,551 5,982 1,612 704 209 324 207 271 1,450 Other capital 4,897 114 2,015 344 129 1,038 142 214 70 352 50 59 370 Total liabilities and capital 2,091,559 53,857 1,029,845 56,969 59,651 277,777 153,608 110,602 37,636 23,272 46,582 66,789 174,971 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, September 9, 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 Sep 9, 2009 Federal Reserve notes outstanding 1,060,610 Less: Notes held by F.R. Banks not subject to collateralization 183,932 Federal Reserve notes to be collateralized 876,679 Collateral held against Federal Reserve notes 876,679 Gold certificate account 11,037 Special drawing rights certificate account 2,200 U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 863,442 Other assets pledged 0 Memo: Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 1,506,166 Less: Face value of securities under reverse repurchase agreements 64,619 U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 1,441,548 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.