FEDERAL RESERVE statistical release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks October 8, 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 Oct 7, 2009 Sep 30, 2009 Oct 8, 2008 Oct 7, 2009 Reserve Bank credit 2,119,523 - 652 + 624,827 2,120,267 Securities held outright (1) 1,594,891 + 6,517 +1,103,949 1,595,287 U.S. Treasury securities 769,176 + 3,048 + 292,582 769,185 Bills (2) 18,423 0 0 18,423 Notes and bonds, nominal (2) 700,468 + 3,038 + 288,737 700,468 Notes and bonds, inflation-indexed (2) 44,588 0 + 4,756 44,588 Inflation compensation (3) 5,697 + 9 - 912 5,706 Federal agency debt securities (2) 133,435 + 3,385 + 119,088 133,811 Mortgage-backed securities (4) 692,281 + 85 + 692,281 692,291 Repurchase agreements (5) 0 0 - 81,143 0 Term auction credit 178,379 0 + 29,379 178,379 Other loans 110,536 + 701 - 309,624 111,204 Primary credit 27,898 - 79 - 47,112 28,582 Secondary credit 460 - 43 + 456 470 Seasonal credit 87 - 30 + 48 87 Primary dealer and other broker-dealer credit (6) 0 0 - 134,066 0 Asset-Backed Commercial Paper Money Market Mutual Fund Liquidity Facility 79 0 - 145,811 79 Credit extended to American International Group, Inc., net (7) 39,639 + 1,333 - 25,512 39,882 Term Asset-Backed Securities Loan Facility 42,374 - 480 + 42,374 42,104 Other credit extensions 0 0 0 0 Net portfolio holdings of Commercial Paper Funding Facility LLC (8) 41,043 - 885 + 41,043 41,059 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) 26,267 + 68 - 3,185 26,304 Net portfolio holdings of Maiden Lane II LLC (11) 14,668 - 7 + 14,668 14,461 Net portfolio holdings of Maiden Lane III LLC (12) 20,432 - 124 + 20,432 20,166 Float -2,179 - 368 - 1,128 -2,626 Central bank liquidity swaps (13) 49,831 - 6,925 - 233,990 49,831 Other Federal Reserve assets (14) 85,655 + 371 + 44,426 86,204 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 5,200 0 + 3,000 5,200 Treasury currency outstanding (15) 42,607 + 14 + 3,932 42,607 Total factors supplying reserve funds 2,178,371 - 638 + 631,759 2,179,115 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 Oct 7, 2009 Sep 30, 2009 Oct 8, 2008 Oct 7, 2009 Currency in circulation (15) 914,286 + 2,279 + 69,867 916,445 Reverse repurchase agreements (16) 65,445 - 4,319 - 28,898 62,900 Foreign official and international accounts 65,445 - 4,319 - 11,041 62,900 Dealers 0 0 - 17,857 0 Treasury cash holdings 293 + 5 + 31 295 Deposits with F.R. Banks, other than reserve balances 179,371 - 33,158 - 262,779 176,630 U.S. Treasury, general account 41,579 + 3,669 + 33,669 31,005 U.S. Treasury, supplementary financing account 129,956 - 34,989 - 275,815 129,956 Foreign official 1,978 - 292 + 1,863 1,885 Service-related 3,400 - 2 - 4,316 3,400 Required clearing balances 3,396 - 6 - 4,320 3,396 Adjustments to compensate for float 4 + 4 + 4 4 Other 2,458 - 1,544 - 18,179 10,384 Other liabilities and capital (17) 60,112 - 13 + 14,395 59,648 Total factors, other than reserve balances, absorbing reserve funds 1,219,507 - 35,206 - 207,385 1,215,919 Reserve balances with Federal Reserve Banks 958,864 + 34,568 + 839,143 963,196 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 Oct 7, 2009 Sep 30, 2009 Oct 8, 2008 Oct 7, 2009 Marketable securities held in custody for foreign official and international accounts (1) 2,860,499 + 5,559 + 375,354 2,856,304 U.S. Treasury securities 2,097,657 + 9,731 + 569,839 2,092,911 Federal agency securities (2) 762,841 - 4,174 - 194,486 763,393 Securities lent to dealers 10,586 + 1,540 - 200,759 8,224 Overnight facility (3) 10,586 + 1,540 - 9,416 8,224 U.S. Treasury securities 10,110 + 1,289 - 9,892 7,920 Federal agency debt securities 476 + 250 + 476 304 Term facility (4) 0 0 - 191,343 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, October 7, 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 103,531 74,849 --- --- --- --- 178,379 Other loans (1) 23,417 5,801 0 81,986 0 --- 111,204 U.S. Treasury securities (2) Holdings 15,251 24,151 58,169 324,291 207,140 140,183 769,185 Weekly changes + 2,156 + 1,341 - 3,494 + 7 + 5 + 10 + 25 Federal agency debt securities (3) Holdings 0 30 17,997 84,541 29,226 2,017 133,811 Weekly changes 0 0 0 + 1,541 + 1,094 0 + 2,635 Mortgage-backed securities (4) Holdings 0 0 0 0 0 692,291 692,291 Weekly changes 0 0 0 0 0 - 74 - 74 Commercial paper held by Commercial Paper Funding Facility LLC (5) 2,702 34,113 0 --- --- --- 36,815 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) 43,265 6,566 0 0 0 0 49,831 Reverse repurchase agreements (7) 62,900 0 --- --- --- --- 62,900 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 Oct 7, 2009 Mortgage-backed securities held outright (1) 692,291 Commitments to buy mortgage-backed securities (2) 240,766 Commitments to sell mortgage-backed securities (2) 38,840 Cash and cash equivalents (3) 29 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 Oct 7, 2009 Net portfolio holdings of Maiden Lane LLC (1) 26,304 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) 379 Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3) 1,234 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 Oct 7, 2009 Net portfolio holdings of Maiden Lane II LLC (1) 14,461 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 16,296 Accrued interest payable to the Federal Reserve Bank of New York (2) 219 Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc. (3) 1,029 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 Oct 7, 2009 Net portfolio holdings of Maiden Lane III LLC (1) 20,166 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 19,036 Accrued interest payable to the Federal Reserve Bank of New York (2) 286 Outstanding principal amount and accrued interest on loan payable to American International Group, Inc. (3) 5,154 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 Oct 7, 2009 Commercial paper holdings, net (1) 36,468 Other investments, net 4,591 Net portfolio holdings of Commercial Paper Funding Facility LLC 41,059 Memorandum: Commercial paper holdings, face value 36,815 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 36,573 Accrued interest payable to the Federal Reserve Bank of New York (2) 17 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 Oct 7, 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 Oct 7, 2009 Sep 30, 2009 Oct 8, 2008 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 5,200 0 + 3,000 Coin 1,990 + 9 + 468 Securities, repurchase agreements, term auction credit, and other loans 1,884,870 + 3,460 + 714,320 Securities held outright (1) 1,595,287 + 2,586 +1,104,603 U.S. Treasury securities 769,185 + 25 + 292,606 Bills (2) 18,423 0 0 Notes and bonds, nominal (2) 700,468 0 + 288,737 Notes and bonds, inflation-indexed (2) 44,588 0 + 4,756 Inflation compensation (3) 5,706 + 25 - 887 Federal agency debt securities (2) 133,811 + 2,635 + 119,706 Mortgage-backed securities (4) 692,291 - 74 + 692,291 Repurchase agreements (5) 0 0 - 100,000 Term auction credit 178,379 0 + 29,379 Other loans 111,204 + 874 - 319,662 Net portfolio holdings of Commercial Paper Funding Facility LLC (6) 41,059 + 30 + 41,059 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) 26,304 + 43 - 3,183 Net portfolio holdings of Maiden Lane II LLC (9) 14,461 - 290 + 14,461 Net portfolio holdings of Maiden Lane III LLC (10) 20,166 - 400 + 20,166 Items in process of collection (502) 153 - 86 - 1,038 Bank premises 2,221 - 13 + 51 Central bank liquidity swaps (11) 49,831 - 6,925 - 285,353 Other assets (12) 83,924 + 1,231 + 44,165 Total assets (502) 2,141,215 - 2,942 + 548,116 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 Oct 7, 2009 Sep 30, 2009 Oct 8, 2008 Liabilities Federal Reserve notes, net of F.R. Bank holdings 876,120 + 2,623 + 64,428 Reverse repurchase agreements (13) 62,900 - 6,013 - 14,449 Deposits (0) 1,139,768 + 599 + 484,542 Depository institutions 966,537 + 118,452 + 783,223 U.S. Treasury, general account 31,005 - 77,319 + 25,461 U.S. Treasury, supplementary financing account 129,956 - 34,989 - 329,290 Foreign official 1,885 - 28 + 1,784 Other (0) 10,384 - 5,518 + 3,363 Deferred availability cash items (502) 2,780 + 7 + 44 Other liabilities and accrued dividends (14) 8,561 - 138 + 4,452 Total liabilities (502) 2,090,128 - 2,924 + 539,016 Capital accounts Capital paid in 24,889 - 29 + 4,577 Surplus 21,381 + 8 + 2,858 Other capital accounts 4,817 + 3 + 1,664 Total capital 51,087 - 18 + 9,099 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, October 7, 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. 5,200 196 1,818 210 237 412 654 424 150 90 153 282 574 Coin 1,990 64 76 166 144 273 242 260 36 60 135 211 323 Securities, repurchase agreements, term auction credit, and other loans 1,884,870 39,200 875,793 31,096 66,255 59,477 193,542 176,636 64,534 26,827 73,768 77,296 200,445 Securities held outright (1) 1,595,287 30,603 623,558 24,749 63,027 57,489 192,210 172,627 62,497 26,411 72,010 77,134 192,971 U.S. Treasury securities 769,185 14,755 300,656 11,933 30,389 27,719 92,676 83,234 30,134 12,734 34,720 37,191 93,043 Bills (2) 18,423 353 7,201 286 728 664 2,220 1,994 722 305 832 891 2,228 Notes and bonds (3) 750,762 14,402 293,455 11,647 29,661 27,055 90,457 81,241 29,412 12,429 33,889 36,300 90,815 Federal agency debt securities (2) 133,811 2,567 52,303 2,076 5,287 4,822 16,122 14,480 5,242 2,215 6,040 6,470 16,186 Mortgage-backed securities (4) 692,291 13,280 270,599 10,740 27,351 24,948 83,411 74,913 27,121 11,461 31,249 33,473 83,742 Repurchase agreements (5) 0 0 0 0 0 0 0 0 0 0 0 0 0 Term auction credit 178,379 8,377 143,480 6,238 3,224 1,882 1,144 3,015 1,951 292 1,747 155 6,875 Other loans 111,204 220 108,755 109 5 106 188 993 86 125 11 7 599 Net portfolio holdings of Commercial Paper Funding Facility LLC (6) 41,059 0 41,059 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) 26,304 0 26,304 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of Maiden Lane II LLC (9) 14,461 0 14,461 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of Maiden Lane III LLC (10) 20,166 0 20,166 0 0 0 0 0 0 0 0 0 0 Items in process of collection 655 31 0 137 118 52 18 39 91 34 32 52 52 Bank premises 2,221 121 243 69 146 239 222 206 134 111 269 251 212 Central bank liquidity swaps (11) 49,831 2,032 12,607 5,571 3,735 14,391 3,878 1,693 505 781 500 652 3,486 Other assets (12) 83,924 2,189 29,436 3,801 4,210 9,664 8,929 7,050 2,526 1,383 2,858 3,135 8,744 Interdistrict settlement account 0 + 11,596 + 41,648 + 18,667 - 13,217 + 195,279 - 52,252 - 76,582 - 30,454 - 6,762 - 29,872 - 13,284 - 44,765 Total assets 2,141,717 55,840 1,067,505 60,167 62,095 280,667 156,588 110,636 37,851 22,720 48,178 69,216 170,252 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, October 7, 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 1,064,105 35,153 391,150 39,269 44,816 82,119 131,912 85,560 30,863 19,571 28,523 62,909 112,260 Less: Notes held by F.R. Banks 187,985 4,917 61,680 7,025 8,925 11,866 26,193 14,046 4,500 3,204 3,396 15,516 26,718 Federal Reserve notes, net 876,120 30,237 329,470 32,244 35,890 70,253 105,718 71,514 26,363 16,367 25,127 47,393 85,542 Reverse repurchase agreements (13) 62,900 1,207 24,586 976 2,485 2,267 7,579 6,806 2,464 1,041 2,839 3,041 7,609 Deposits 1,139,768 22,259 693,473 20,959 19,544 193,350 39,141 30,145 8,151 3,442 19,332 17,535 72,436 Depository institutions 966,537 22,255 520,480 20,954 19,541 193,185 39,137 30,098 8,146 3,442 19,331 17,535 72,433 U.S. Treasury, general account 31,005 0 31,005 0 0 0 0 0 0 0 0 0 0 U.S. Treasury, supplementary financing account 129,956 0 129,956 0 0 0 0 0 0 0 0 0 0 Foreign official 1,885 2 1,856 4 3 11 3 1 0 1 0 1 3 Other 10,384 2 10,175 1 0 154 0 46 5 0 1 0 0 Deferred availability cash items 3,282 97 0 537 403 147 299 212 116 287 198 358 627 Other liabilities and accrued dividends (14) 8,561 169 4,805 191 264 607 603 508 233 141 214 273 553 Total liabilities 2,090,630 53,968 1,052,334 54,907 58,586 266,624 153,339 109,186 37,327 21,279 47,711 68,601 166,766 Capital Capital paid in 24,889 925 7,316 2,617 1,791 7,002 1,499 623 239 711 209 281 1,676 Surplus 21,381 844 5,910 2,316 1,551 5,982 1,612 704 209 324 207 271 1,450 Other capital 4,817 104 1,945 327 166 1,059 138 123 76 406 50 62 361 Total liabilities and capital 2,141,717 55,840 1,067,505 60,167 62,095 280,667 156,588 110,636 37,851 22,720 48,178 69,216 170,252 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, October 7, 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 Oct 7, 2009 Federal Reserve notes outstanding 1,064,105 Less: Notes held by F.R. Banks not subject to collateralization 187,985 Federal Reserve notes to be collateralized 876,120 Collateral held against Federal Reserve notes 876,120 Gold certificate account 11,037 Special drawing rights certificate account 5,200 U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 859,883 Other assets pledged 0 Memo: Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 1,595,287 Less: Face value of securities under reverse repurchase agreements 62,191 U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 1,533,095 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.