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Release Date:  October 08, 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
October 8, 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
Oct 7, 2009
Week ended
Oct 7, 2009
Change from week ended
Sep 30, 2009 Oct 8, 2008
                                                              
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
reserve balances of depository institutions at
Federal Reserve Banks
Averages of daily figures Wednesday
Oct 7, 2009
Week ended
Oct 7, 2009
Change from week ended
Sep 30, 2009 Oct 8, 2008
                                                              
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

Memorandum item
Averages of daily figures Wednesday
Oct 7, 2009
Week ended
Oct 7, 2009
Change from week ended
Sep 30, 2009 Oct 8, 2008
                                                              
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
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                   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
Account name Wednesday
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
Account name Wednesday
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
Account name Wednesday
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
Account name Wednesday
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
Account name Wednesday
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
Account name Wednesday
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
Assets, liabilities, and capital Eliminations
from
consolidation
  Change since
Wednesday
Oct 7, 2009
Wednesday
Sep 30, 2009
Wednesday
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
Assets, liabilities, and capital Eliminations
from
consolidation
  Change since
Wednesday
Oct 7, 2009
Wednesday
Sep 30, 2009
Wednesday
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
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.       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
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           1,064,105      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.

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