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Release Date:  September 10, 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
September 10, 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
Sep 9, 2009
Week ended
Sep 9, 2009
Change from week ended
Sep 2, 2009 Sep 10, 2008
                                                              
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
reserve balances of depository institutions at
Federal Reserve Banks
Averages of daily figures Wednesday
Sep 9, 2009
Week ended
Sep 9, 2009
Change from week ended
Sep 2, 2009 Sep 10, 2008
                                                              
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

Memorandum item
Averages of daily figures Wednesday
Sep 9, 2009
Week ended
Sep 9, 2009
Change from week ended
Sep 2, 2009 Sep 10, 2008
                                                              
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
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                   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
Account name Wednesday
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
Account name Wednesday
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
Account name Wednesday
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
Account name Wednesday
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
Account name Wednesday
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
Account name Wednesday
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
Assets, liabilities, and capital Eliminations
from
consolidation
  Change since
Wednesday
Sep 9, 2009
Wednesday
Sep 2, 2009
Wednesday
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
Assets, liabilities, and capital Eliminations
from
consolidation
  Change since
Wednesday
Sep 9, 2009
Wednesday
Sep 2, 2009
Wednesday
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
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                                           1,920          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
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           1,060,610      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.

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