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Release Date:  December 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
December 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
Dec 9, 2009
Week ended
Dec 9, 2009
Change from week ended
Dec 2, 2009 Dec 10, 2008
                                                              
Reserve Bank credit                                       2,167,804    -   19,268    -   69,090     2,168,857 
  Securities held outright (1)                            1,786,288    +    2,527    +1,296,896     1,787,012 
    U.S. Treasury securities                                776,550    +       11    +  300,264       776,554 
      Bills (2)                                              18,423             0             0        18,423 
      Notes and bonds, nominal (2)                          707,649             0    +  297,158       707,649 
      Notes and bonds, inflation-indexed (2)                 44,643             0    +    3,572        44,643 
      Inflation compensation (3)                              5,836    +       11    -      464         5,840 
    Federal agency debt securities (2)                      155,528    +      462    +  142,422       156,145 
    Mortgage-backed securities (4)                          854,210    +    2,054    +  854,210       854,313 
  Repurchase agreements (5)                                       0             0    -   80,000             0 
  Term auction credit                                        85,832    -   15,177    -  362,127        85,832 
  Other loans                                                84,479    -   18,036    -  156,111        84,298 
    Primary credit                                           19,350    -      468    -   70,811        19,094 
    Secondary credit                                             31    +       31    -       47           208 
    Seasonal credit                                             32   -       15   +       30           34 
    Primary dealer and other broker-dealer credit (6)             0             0    -   52,802             0 
    Asset-Backed Commercial Paper Money Market                
      Mutual Fund Liquidity Facility                              0             0    -   40,826             0 
    Credit extended to American International                 
      Group, Inc., net (7)                                   20,783    -   17,389    -   35,940        21,097 
    Term Asset-Backed Securities Loan Facility, net (8)        44,284    -      194    +   44,284        43,865 
    Other credit extensions                                       0             0             0             0 
  Net portfolio holdings of Commercial Paper                  
    Funding Facility LLC (9)                                 14,600    -      441    -  293,918        14,027 
  Net portfolio holdings of Maiden Lane LLC (10)             26,468    +       74    -      586        26,491 
  Net portfolio holdings of Maiden Lane II LLC (11)          15,608    -      238    +   15,608        15,571 
  Net portfolio holdings of Maiden Lane III LLC (12)         22,610    -      357    +    1,653        22,621 
  Net portfolio holdings of TALF LLC (13)                       266             0    +      266           266 
  Preferred interests in AIA Aurora LLC and ALICO             
    Holdings LLC (14)                                        25,000    +   17,857    +   25,000        25,000 
  Float                                                      -2,144    -      401    -    1,107        -2,067 
  Central bank liquidity swaps (15)                          16,507    -    6,927    -  566,254        16,505 
  Other Federal Reserve assets (16)                          92,291    +    1,851    +   51,590        93,302 
Gold stock                                                   11,041             0             0        11,041 
Special drawing rights certificate account                    5,200             0    +    3,000         5,200 
Treasury currency outstanding (17)                           42,677    +       14    +    4,003        42,677 
                                                              
Total factors supplying reserve funds                     2,226,722    -   19,254    -   62,087     2,227,775 
 

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
Dec 9, 2009
Week ended
Dec 9, 2009
Change from week ended
Dec 2, 2009 Dec 10, 2008
                                                              
Currency in circulation (17)                                921,273    -    1,697    +   49,457       923,620 
Reverse repurchase agreements (18)                           57,787    -      366    -   34,167        56,516 
  Foreign official and international accounts                57,685    -      468    -    9,269        56,336 
  Dealers                                                       103    +      103    -   24,897           180 
Treasury cash holdings                                          227    -        5    -       14           218 
Deposits with F.R. Banks, other than reserve balances        53,863    -    5,886    -  439,663        77,577 
  U.S. Treasury, general account                             31,793    -    6,450    -   17,736        55,364 
  U.S. Treasury, supplementary financing account             14,999             0    -  389,124        14,999 
  Foreign official                                            2,434    -      165    +    2,246         2,316 
  Service-related                                             3,132    +       99    -    1,460         3,132 
    Required clearing balances                                3,132    +       99    -    1,459         3,132 
    Adjustments to compensate for float                           0             0    -        1             0 
  Other                                                       1,504    +      630    -   33,591         1,766 
Other liabilities and capital (19)                           67,101    +    1,555    +   13,705        66,298 
                                                              
Total factors, other than reserve balances,                                                       
   absorbing reserve funds                                1,100,251    -    6,399    -  410,681     1,124,230 
                                                              
Reserve balances with Federal Reserve Banks               1,126,471    -   12,855    +  348,594     1,103,545 
                                                                
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. Includes credit extended by the Federal Reserve Bank of New York to eligible borrowers through the Term
Asset-Backed Securities Loan Facility, net of unamortized deferred administrative fees.
9. Refer to table 7 and the note on consolidation accompanying table 11.
10. Refer to table 4 and the note on consolidation accompanying table 11.
11. Refer to table 5 and the note on consolidation accompanying table 11.
12. Refer to table 6 and the note on consolidation accompanying table 11.
13. Refer to table 8 and the note on consolidation accompanying table 11.
14. Refer to table 9.
15. 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.
16. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates,
and accrued dividends on the Federal Reserve Bank of New York's preferred interests in AIA Aurora LLC and
ALICO Holdings LLC.
17. Estimated.
18. Cash value of agreements, which are collateralized by U.S. Treasury securities and federal agency debt
securities.
19. Includes the liabilities of Commercial Paper Funding Facility LLC, Maiden Lane LLC, Maiden Lane II LLC,
Maiden Lane III LLC, and TALF 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 11.
 

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
Dec 9, 2009
Week ended
Dec 9, 2009
Change from week ended
Dec 2, 2009 Dec 10, 2008
                                                              
Marketable securities held in custody for foreign             
      official and international accounts (1)             2,943,643    +   12,143    +  449,865     2,942,263 
  U.S. Treasury securities                                2,171,492    +    7,982    +  536,546     2,170,576 
  Federal agency securities (2)                             772,151    +    4,160    -   86,682       771,687 
Securities lent to dealers                                    8,337    -      898    -  181,629         7,519 
  Overnight facility (3)                                      8,337    -      898    +    3,517         7,519 
    U.S. Treasury securities                                  7,418    -      320    +    2,598         6,702 
    Federal agency debt securities                              919    -      577    +      919           817 
  Term facility (4)                                               0             0    -  185,146             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, December 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                    55,949       29,882         ---            ---          ---         ---        85,832
Other loans (1)                        14,929        4,408            0        64,962            0         ---        84,298
U.S. Treasury securities (2)                    
  Holdings                             12,536       26,961       49,714       330,023      212,651     144,669       776,554
  Weekly changes                   -    2,503   +    2,504   +        1    +        3   +        2  +        4    +       11
Federal agency debt securities (3)                        
  Holdings                                 30        1,591       22,333        96,578       33,566       2,047       156,145
  Weekly changes                            0            0            0    +      908   +      171           0    +    1,079
Mortgage-backed securities (4)                            
  Holdings                                  0            0            0             0            0     854,313       854,313
  Weekly changes                            0            0            0             0            0  +    2,141    +    2,141
Commercial paper held by                        
  Commercial Paper Funding                      
  Facility LLC (5)                          0        9,440            0           ---          ---         ---         9,440
Asset-backed securities held by                 
  TALF LLC (6)                              0            0            0             0            0           0             0
Repurchase agreements (7)                   0            0          ---           ---          ---         ---             0
Central bank liquidity swaps (8)       12,278        4,227            0             0            0           0        16,505
                                                
Reverse repurchase agreements (7)      56,516            0          ---           ---          ---         ---        56,516
  
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, Maiden
Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF 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 asset-backed securities held by TALF LLC, which is the remaining principal balance of the underlying assets.
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
Dec 9, 2009
                                                                                                
Mortgage-backed securities held outright (1)                                                       854,313    
                                                                                                
Commitments to buy mortgage-backed securities (2)                                                  187,488    
Commitments to sell mortgage-backed securities (2)                                                  11,250    
                                                                                                
Cash and cash equivalents (3)                                                                        1,917    
 

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 10 and table 11.
 

 

4. Information on Principal Accounts of Maiden Lane LLC
Millions of dollars
Account name Wednesday
Dec 9, 2009
                                                                                                
Net portfolio holdings of Maiden Lane LLC (1)                                                       26,491    
                                                                                                
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)                                   404    
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3)        1,244    
 
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 September 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 11.
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 10 and table 11.
 

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
Dec 9, 2009
                                                                                                
Net portfolio holdings of Maiden Lane II LLC (1)                                                     15,571   
                                                                                                
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)            15,739   
Accrued interest payable to the Federal Reserve Bank of New York (2)                                    254   
Deferred payment and accrued interest payable to subsidiaries of American International         
  Group, Inc. (3)                                                                                     1,035   
 

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 September 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 11.
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 10 and table 11.
 

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
Dec 9, 2009
                                                                                                
Net portfolio holdings of Maiden Lane III LLC (1)                                                    22,621   
                                                                                                
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)            18,159   
Accrued interest payable to the Federal Reserve Bank of New York (2)                                    327   
Outstanding principal amount and accrued interest on loan payable to American International     
  Group, Inc. (3)                                                                                     5,183   
 

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 September 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 11.
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 10 and table 11.
 

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
Dec 9, 2009
                                                                                                
Commercial paper holdings, net (1)                                                                    9,203   
Other investments, net                                                                                4,824   
Net portfolio holdings of Commercial Paper Funding Facility LLC                                      14,027   
                                                                                                
Memorandum: Commercial paper holdings, face value                                                     9,440   
                                                                                                
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)             9,374   
Accrued interest payable to the Federal Reserve Bank of New York (2)                                      3   
 

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 11.
 

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 TALF LLC
Millions of dollars
Account name Wednesday
Dec 9, 2009
                                                                                                
Asset-backed securities holdings (1)                                                                      0   
Other investments, net                                                                                  266   
Net portfolio holdings of TALF LLC                                                                      266   
                                                                                                
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   
Funding provided by U.S. Treasury to TALF LLC, including accrued interest payable (3)                   102   
 

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.
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 11.
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 10 and table 11.
 

Note: On November 25, 2008, the Federal Reserve announced the creation of the Term Asset-Backed Securities Loan
Facility (TALF) under the authority of section 13(3) of the Federal Reserve Act. The TALF is a facility under
which the Federal Reserve Bank of New York (FRBNY) extends loans with a term of up to five years to holders of
eligible asset-backed securities. The TALF is intended to assist financial markets in accommodating the credit
needs of consumers and businesses by facilitating the issuance of asset-backed securities collateralized by a
variety of consumer and business loans. The loans provided through the TALF to eligible borrowers are non-recourse,
meaning that the obligation of the borrower can be discharged by surrendering the collateral to the FRBNY. The
loans are extended for the market value of the security less an amount known as a haircut. As a result, the
borrower bears the initial risk of a decline in the value of the security.
 

TALF LLC is a limited liability company formed to purchase and manage any asset-backed securities received by
the FRBNY in connection with the decision of a borrower not to repay a TALF loan. TALF LLC has committed, for a
fee, to purchase all asset-backed securities received by the FRBNY in conjunction with a TALF loan at a price
equal to the TALF loan plus accrued but unpaid interest. Losses on asset-backed securities held by TALF LLC
will be offset in the following order: by the commitment fees collected by TALF LLC, by the interest received on
investments of TALF LLC, by up to $20 billion in subordinated debt funding provided by the U.S. Treasury, and
finally, by senior debt funding provided by the FRBNY. Payments by TALF LLC from the proceeds of its net portfolio
holdings will be made in the following order: operating expenses of TALF LLC, principal due to the FRBNY, principal
due to the U.S. Treasury, interest due to the FRBNY, and interest due to the U.S. Treasury. Any remaining funds
will be shared by the FRBNY and the U.S. Treasury.
 

 

9. Supplemental Information on the Federal Reserve Bank of New York's Preferred Interests in AIA Aurora LLC and
ALICO Holdings LLC
Millions of dollars
Account name Wednesday
Dec 9, 2009
                                                                                                
Preferred interests in AIA Aurora LLC and ALICO Holdings LLC (1)                                     25,000   
Accrued dividends on preferred interests in AIA Aurora LLC and ALICO Holdings LLC (2)                    31   
                                                                                                
Preferred interests in AIA Aurora LLC (1)                                                            16,000   
Accrued dividends on preferred interests in AIA Aurora LLC (2)                                           20   
                                                                                                
Preferred interests in ALICO Holdings LLC (1)                                                         9,000   
Accrued dividends on preferred interests in ALICO Holdings LLC (2)                                       11   
 

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

1. Book value.
2. This amount is included in other Federal Reserve assets in table 1 and in other assets in table 10 and table 11.
 

Note on preferred interests:
 

In conjunction with the restructuring of the government's assistance to American
International Group, Inc. (AIG) announced March 2, 2009, the outstanding balance and amount available of revolving
credit provided to AIG by the FRBNY has been reduced in exchange for preferred interests in two special purpose
vehicles, AIA Aurora LLC and ALICO Holdings LLC. These two limited liability companies were created to directly or
indirectly hold all of the outstanding common stock of American International Assurance Company Ltd. (AIA) and
American Life Insurance Company (ALICO), two life insurance subsidiaries of AIG. AIG will retain control of AIA
Aurora LLC and ALICO Holdings LLC, and the FRBNY will have certain consent, disposition, and conversion rights with
respect to its preferred interests.
 

Dividends accrue as a percentage of the FRBNY's preferred interests in AIA Aurora LLC and ALICO Holdings LLC. On a
quarterly basis, the accrued dividends are capitalized and added to the FRBNY's preferred interests in AIA Aurora LLC
and ALICO Holdings LLC.
 

 

10. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of dollars
Assets, liabilities, and capital Eliminations
from
consolidation
  Change since
Wednesday
Dec 9, 2009
Wednesday
Dec 2, 2009
Wednesday
Dec 10, 2008
Assets                                                   
Gold certificate account                                           11,037                0                   0
Special drawing rights certificate account                          5,200                0          +    3,000
Coin                                                                2,037       +       18          +      376
Securities, repurchase agreements, term auction          
      credit, and other loans                                   1,957,142       -   12,465          +  704,010
  Securities held outright (1)                                  1,787,012       +    3,232          +1,294,954
    U.S. Treasury securities                                      776,554       +       11          +  300,308
      Bills (2)                                                    18,423                0                   0
      Notes and bonds, nominal (2)                                707,649                0          +  297,158
      Notes and bonds, inflation-indexed (2)                       44,643                0          +    3,572
      Inflation compensation (3)                                    5,840       +       11          -      421
    Federal agency debt securities (2)                            156,145       +    1,079          +  140,333
    Mortgage-backed securities (4)                                854,313       +    2,141          +  854,313
  Repurchase agreements (5)                                             0                0          -   80,000
  Term auction credit                                              85,832       -   15,177          -  362,127
  Other loans                                                      84,298       -      519          -  148,817
Net portfolio holdings of Commercial Paper               
  Funding Facility LLC (6)                                         14,027       -    1,005          -  298,387
Net portfolio holdings of Maiden Lane LLC (7)                      26,491       +       27          -      398
Net portfolio holdings of Maiden Lane II LLC (8)                   15,571       -      276          +   15,571
Net portfolio holdings of                                
  Maiden Lane III LLC (9)                                          22,621       -      368          +    3,021
Net portfolio holdings of TALF LLC (10)                               266                0          +      266
Preferred interests in AIA Aurora LLC and                
  ALICO Holdings LLC (11)                                          25,000                0          +   25,000
Items in process of collection                         (379)          396       -       39          -      614
Bank premises                                                       2,234       +        3          +       58
Central bank liquidity swaps (12)                                  16,505       -    6,533          -  566,070
Other assets (13)                                                  91,060       +    2,939          +   52,220
                                                         
      Total assets                                     (379)    2,189,586       -   17,700          -   61,948
 

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.
 

 

10. Consolidated Statement of Condition of All Federal Reserve Banks (continued)
Millions of dollars
Assets, liabilities, and capital Eliminations
from
consolidation
  Change since
Wednesday
Dec 9, 2009
Wednesday
Dec 2, 2009
Wednesday
Dec 10, 2008
Liabilities                                              
Federal Reserve notes, net of F.R. Bank holdings                  883,195       +      778          +   45,632
Reverse repurchase agreements (14)                                 56,516       -    1,042          -   35,576
Deposits                                                 (0)    1,181,114       -   18,783          -   86,535
  Depository institutions                                       1,106,669       -   15,341          +  328,827
  U.S. Treasury, general account                                   55,364       -    4,800          +   13,718
  U.S. Treasury, supplementary financing account                   14,999                0          -  389,124
  Foreign official                                                  2,316       +      236          +    2,128
  Other                                                  (0)        1,766       +    1,122          -   42,084
Deferred availability cash items                       (379)        2,463       -       98          +      138
Other liabilities and accrued dividends (15)                       14,147       +    1,976          +    5,508
                                                         
      Total liabilities                                (379)    2,137,435       -   17,170          -   70,833
                                                         
Capital accounts                                         
Capital paid in                                                    25,625       +      187          +    4,616
Surplus                                                            21,457       +        9          +    4,277
Other capital accounts                                              5,070       -      725          -        7
                                                         
      Total capital                                                52,152       -      529          +    8,885
 

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 11.
7. Refer to table 4 and the note on consolidation accompanying table 11.
8. Refer to table 5 and the note on consolidation accompanying table 11.
9. Refer to table 6 and the note on consolidation accompanying table 11.
10. Refer to table 8 and the note on consolidation accompanying table 11.
11. Refer to table 9.
12. 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.
13. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates,
and accrued dividends on the Federal Reserve Bank of New York's preferred interests in AIA Aurora LLC and
ALICO Holdings LLC.
14. Cash value of agreements, which are collateralized by U.S. Treasury securities and federal agency debt
securities.
15. Includes the liabilities of Commercial Paper Funding Facility LLC, Maiden Lane LLC, Maiden Lane II LLC,
Maiden Lane III LLC, and TALF 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 11.
 

 

11. Statement of Condition of Each Federal Reserve Bank, December 9, 2009
Millions of dollars
Assets, liabilities, and capital Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas
City
allas an
rancisco
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                                           2,037          66          78         164         147         289         231         291          33          62         138         216         322 
Securities, repurchase agreements, term                            
      auction credit, and other loans      1,957,142      41,724     841,034      32,838      72,431      65,631     215,688     195,902      71,136      29,901      81,637      86,959     222,260 
  Securities held outright (1)             1,787,012      34,280     698,499      27,724      70,601      64,399     215,310     193,374      70,008      29,585      80,664      86,405     216,163 
    U.S. Treasury securities                 776,554      14,897     303,536      12,047      30,680      27,985      93,564      84,031      30,422      12,856      35,053      37,547      93,934 
      Bills (2)                               18,423         353       7,201         286         728         664       2,220       1,994         722         305         832         891       2,228 
      Notes and bonds (3)                    758,131      14,543     296,335      11,762      29,952      27,321      91,344      82,038      29,701      12,551      34,221      36,657      91,706 
    Federal agency debt securities (2)       156,145       2,995      61,033       2,422       6,169       5,627      18,813      16,897       6,117       2,585       7,048       7,550      18,888 
    Mortgage-backed securities (4)           854,313      16,388     333,930      13,254      33,752      30,787     102,933      92,446      33,469      14,143      38,563      41,307     103,341 
  Repurchase agreements (5)                        0           0           0           0           0           0           0           0           0           0           0           0           0 
  Term auction credit                         85,832       7,332      59,209       5,073       1,827       1,122         279       2,150       1,123         280         955         550       5,933 
  Other loans                                 84,298         111      83,326          41           2         111         100         378           5          37          18           5         164 
Net portfolio holdings of Commercial                               
  Paper Funding Facility LLC (6)              14,027           0      14,027           0           0           0           0           0           0           0           0           0           0 
Net portfolio holdings of Maiden Lane                              
  LLC (7)                                     26,491           0      26,491           0           0           0           0           0           0           0           0           0           0 
Net portfolio holdings of Maiden                                   
  Lane II LLC (8)                             15,571           0      15,571           0           0           0           0           0           0           0           0           0           0 
Net portfolio holdings of Maiden                                   
  Lane III LLC (9)                            22,621           0      22,621           0           0           0           0           0           0           0           0           0           0 
Net portfolio holdings of TALF LLC (10)          266           0         266           0           0           0           0           0           0           0           0           0           0 
Preferred interests in AIA Aurora LLC                              
  and ALICO Holdings LLC (11)                 25,000           0      25,000           0           0           0           0           0           0           0           0           0           0 
Items in process of collection                   775          32           0         170          95          24         103          27          58          24          48         118          75 
Bank premises                                  2,234         120         257          70         145         237         222         206         135         111         268         252         212 
Central bank liquidity swaps (12)             16,505         661       4,391       1,813       1,215       4,683       1,262         551         164         254         163         212       1,135 
Other assets (13)                             91,060       2,322      32,274       4,025       4,484       9,906       9,758       7,796       2,787       1,495       3,167       3,466       9,582 
Interdistrict settlement account                   0   +  17,982   +  36,985   +  22,520   -  18,999   + 224,509   -  71,610   -  88,105   -  34,139   -   8,231   -  29,935   -  23,028   -  27,950 
                                                                   
      Total assets                         2,189,965      63,516   1,024,707      62,260      60,222     306,573     157,664     118,003      40,654      23,904      55,973      69,097     207,392 
 

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.
 

 

11. Statement of Condition of Each Federal Reserve Bank, December 9, 2009 (continued)
Millions of dollars
Assets, liabilities, and capital Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas
ity
allas San
rancisco
Liabilities                                                         
Federal Reserve notes outstanding           1,082,208      35,931     399,051      38,847      45,097      82,741     135,569      85,789      30,681      19,442      28,892      63,207     116,962 
  Less: Notes held by F.R. Banks              199,014       4,243      72,748       6,336       8,495      10,965      31,161      13,094       4,397       2,814       3,087      14,287      27,387 
    Federal Reserve notes, net                883,195      31,688     326,304      32,510      36,602      71,776     104,408      72,695      26,284      16,628      25,804      48,920      89,575 
Reverse repurchase agreements (14)             56,516       1,084      22,091         877       2,233       2,037       6,809       6,116       2,214         936       2,551       2,733       6,836 
Deposits                                    1,181,114      28,590     650,700      22,810      16,916     217,862      42,173      37,042      11,342       4,448      26,764      16,096     106,369 
  Depository institutions                   1,106,669      28,568     576,431      22,806      16,913     217,764      42,170      37,007      11,340       4,447      26,763      16,096     106,366 
  U.S. Treasury, general account               55,364           0      55,364           0           0           0           0           0           0           0           0           0           0 
  U.S. Treasury, supplementary                                      
    financing account                          14,999           0      14,999           0           0           0           0           0           0           0           0           0           0 
  Foreign official                              2,316           2       2,286           4           3          11           3           1           0           1           0           1           3 
  Other                                         1,766          21       1,620           0           0          86           0          33           2           0           1           0           1 
Deferred availability cash items                2,842          80           0         442         342         111         333         176          47         303         157         310         541 
Other liabilities and accrued                                                 
  dividends (15)                               14,147         174      10,233         227         290         601         632         522         240         152         222         278         577 
                                                                    
      Total liabilities                     2,137,814      61,616   1,009,328      56,866      56,383     292,387     154,356     116,550      40,128      22,466      55,499      68,337     203,898 
                                                                    
Capital                                                             
Capital paid in                                25,625         944       7,432       2,800       1,910       7,136       1,580         623         240         712         210         350       1,687 
Surplus                                        21,457         844       5,984       2,316       1,551       5,983       1,612         704         209         324         207         271       1,450 
Other capital                                   5,070         111       1,964         278         377       1,067         117         126          77         402          56         139         357 
                                                                    
      Total liabilities and capital         2,189,965      63,516   1,024,707      62,260      60,222     306,573     157,664     118,003      40,654      23,904      55,973      69,097     207,392 
                              
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.
 

 

11. Statement of Condition of Each Federal Reserve Bank, December 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 4 and the note on consolidation below.
8. Refer to table 5 and the note on consolidation below.
9. Refer to table 6 and the note on consolidation below.
10. Refer to table 8 and the note on consolidation below.
11. Refer to table 9.
12. 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.
13. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates, and accrued dividends on the Federal Reserve Bank of New York's
preferred interests in AIA Aurora LLC and ALICO Holdings LLC.
14. Cash value of agreements, which are collateralized by U.S. Treasury securities and federal agency debt securities.
15. Includes the liabilities of Commercial Paper Funding Facility LLC, Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF 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 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. On November 25, 2008, the Federal Reserve Board authorized the FRBNY to extend credit to TALF LLC, which was
formed to purchase and manage any asset-backed securities received by the FRBNY in connection with the decision of a borrower not to repay a loan extended under the Term Asset-Backed
Securities Loan Facility.
 

The FRBNY is the sole beneficiary of Commercial Paper Funding Facility LLC. The FRBNY is the primary beneficiary of TALF LLC, because of the two beneficiaries of the LLC, the FRBNY and the
U.S. Treasury, the FRBNY is primarily responsible for directing the financial activities of TALF LLC. The FRBNY is the primary beneficiary of the other LLCs cited above because it will receive
a majority of any residual returns of the LLCs and absorb a majority of any residual losses of the LLCs. 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 10), 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 10).
 

 

12. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts
Millions of dollars
Federal Reserve notes and collateral Wednesday
Dec 9, 2009
                                                                                            
Federal Reserve notes outstanding                                                              1,082,208 
  Less: Notes held by F.R. Banks not subject to collateralization                                199,014 
    Federal Reserve notes to be collateralized                                                   883,195 
Collateral held against Federal Reserve notes                                                    883,195 
  Gold certificate account                                                                        11,037 
  Special drawing rights certificate account                                                       5,200 
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                       866,958 
  Other assets pledged                                                                                 0 
                                                                                            
Memo:                                                                                       
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                         1,787,012 
  Less: Face value of securities under reverse repurchase agreements                              55,608 
    U.S. Treasury, agency debt, and mortgage-backed securities                              
    eligible to be pledged                                                                     1,731,404 
   
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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