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9A. Statement of Condition of the Federal Reserve Banks, by Bank, December 31, 2009 and 2008 Millions of dollars
Item Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas City Dallas San Francisco
2009 2008 2009 2008 2009 2008 2009 2008 2009 2008 2009 2008 2009 2008 2009 2008 2009 2008 2009 2008 2009 2008 2009 2008 2009 2008
Assets  
Gold certificate account 11,037 11,037 412 424 3,895 3,935 450 453 467 423 882 891 1,356 1,221 911 913 329 344 197 199 335 349 621 636 1,182 1,249
Special drawing rights certificate account 5,200 2,200 196 115 1,818 874 210 83 237 104 412 147 654 166 424 212 150 71 90 30 153 66 282 98 574 234
Coin 2,053 1,688 64 56 77 76 165 137 154 136 293 233 220 214 301 194 32 43 62 54 140 114 214 180 329 252
Loans and securities  
Term auction credit 75,918 450,220 4,052 16,150 58,254 220,434 1,613 38,300 751 15,575 995 75,130 363 17,222 1,934 5,094 593 4,698 214 5,737 941 2,740 390 4,335 5,818 44,805
Primary, secondary, and seasonal loans 20,700 93,790 109 243 19,504 80,231 122 329 1 48 102 452 175 483 459 1,828 26 454 28 123 7 4,570 2 692 166 4,338
Primary Dealer Credit Facility1 37,404 37,404
Asset-Backed Commercial Paper Money Market Mutual Fund Liquidity Facility 23,765 23,765 ...
Term Asset-Backed Securities Loan Facility (TALF)2 47, 626 47,626
Credit extended to American International Group, Inc., net3 21,250 38,914 21,250 38,914
Securities purchased under agreements to resell (tri-party)4 80,000 3,356 28,464 3,493 3,034 7,254 7,960 7,061 2,765 1,510 2,937 3,318 8,849
U.S. Treasury securities, bought outright5 776,588 475,921 14,897 19,962 303,549 169,330 12,048 20,779 30,681 18,047 27,986 43,156 93,568 47,353 84,035 42,005 30,424 16,446 12,857 8,985 35,055 17,475 37,549 19,742 93,939 52,642
Government-sponsored enterprise debt securities, bought outright5 159,879 19,708 3,067 827 62,493 7,012 2,480 860 6,317 747 5,762 1,787 19,263 1,961 17,301 1,739 6,263 681 2,647 372 7,217 724 7,730 818 19,339 2,180
Federal agency and government-sponsored enterprise mortgage-backed securities, bought outright 908,371 17,425 355,060 14,093 35,888 32,735 109,446 ... 98,296 35,586 15,038 41,003 43,921 109,880
Total loans and securities 2,010,332 1,219,722 39,550 64,302 867,735 581,788 30,356 63,762 73,638 37,450 67,579 127,779 222,815 74,979 202,025 57,726 72,892 25,044 30,784 16,727 84,223 28,446 89,593 28,905 229,142 112,814
Net portfolio holdings of consolidated limited liability companies (LLCs):6 81,380 411,996 81,380 411,996
Preferred securities7 25,106 25,106
Investments denominated in foreign currencies8 25,272 24,804 1,012 1,411 6,724 6,209 2,776 2,438 1,861 1,736 7,171 6,717 1,933 1,910 844 1,100 251 242 389 477 249 261 325 489 1,737 1,815
Central bank liquidity swaps9 10,272 553,728 411 31,498 2,733 138,622 1,128 54,424 756 38,749 2,915 149,945 785 42,641 343 24,559 102 5,401 158 10,641 101 5,825 132 10,908 706 40,517
Other assets  
Items in process of collection 611 1,377 19 41 0 0 51 237 182 164 9 41 178 325 31 111 19 17 26 76 24 14 33 152 39 199
Bank premises 2,249 2,194 121 123 263 212 71 65 144 147 239 233 221 225 207 209 136 132 111 112 268 273 253 251 214 213
All other assets10 65,459 19,789 1,274 842 25,557 8,791 1,338 812 2,541 693 2,748 1,919 7,719 1,578 6,902 1,316 2,523 538 1,084 327 2,896 566 3,121 661 7,756 1,746
Interdistrict settlement account 0 0 25,668 -10,264 120,324 110,091 35,084 -66,458 -19,789 16,708 111,074 -163,991 -83,531 20,108 -75,509 34,760 -35,273 3,210 -8,558 -9,656 -30,440 5,080 -17,174 11,155 -21,875 49,257
Total assets 2,238,971 2,248,534 68,728 88,547 1,135,612 1,262,593 71,630 55,952 60,192 96,310 193,321 123,914 152,351 143,366 136,478 121,100 41,162 35,041 24,342 18,987 57,950 40,993 77,399 53,434 219,804 208,296
Liabilities  
Federal Reserve notes outstanding (issued to Bank) 1,080,987 1,022,850 35,787 38,282 398,052 357,738 38,422 41,218 44,922 46,503 82,410 80,772 136,496 129,432 85,293 83,073 31,054 29,317 19,330 17,523 28,699 29,868 63,373 55,888 117,148 113,237
Less: Notes held by Federal Reserve Bank 193,141 169,682 3,618 5,409 71,925 46,609 5,591 5,013 7,535 7,240 10,026 11,552 32,645 24,156 12,092 12,938 4,106 3,405 2,628 2,839 3,022 3,536 13,731 20,767 26,221 26,219
Federal Reserve notes, net 887,846 853,168 32,169 32,872 326,127 311,129 32,831 36,205 37,387 39,263 72,384 69,220 103,851 105,276 73,201 70,135 26,948 25,912 16,702 14,684 25,677 26,332 49,642 35,121 90,927 87,018
Securities sold under agreements to repurchase4 77,732 88,352 1,491 3,706 30,383 31,435 1,206 3,858 3,071 3,350 2,801 8,012 9,366 8,791 8,411 7,798 3,045 3,053 1,287 1,668 3,509 3,244 3,758 3,665 9,403 9,773
Deposits  
Depository institutions 976,988 860,000 32,934 49,810 525,907 509,858 31,597 10,565 15,198 49,963 103,288 34,057 34,951 25,593 52,624 41,013 10,315 5,446 4,502 1,614 27,940 10,769 22,826 13,533 114,905 107,779
U.S. Treasury, general account 186,632 106,123 186,632 106,123
U.S. Treasury, supplementary financing account11 5,001 259,325 5,001 259,325
Foreign, official accounts 2,411 1,365 2 2 2,382 1,335 4 4 3 3 11 11 3 3 1 2 0 0 1 1 0 0 1 1 3 3
Other12 35,627 21,226 18 246 34,787 20,536 0 15 24 3 61 82 176 13 244 133 61 14 19 38 54 14 54 104 128 29
Total deposits 1,206,659 1,248,039 32,954 50,057 754,710 897,177 31,602 10,584 15,225 49,969 103,360 34,150 35,130 25,610 52,869 41,147 10,377 5,460 4,522 1,652 27,994 10,784 22,881 13,638 115,036 107,810
Other liabilities  
Deferred credit items 2,206 2,868 56 69 14 0 220 515 422 456 73 172 218 158 178 323 67 47 271 235 112 102 109 296 466 495
Consolidated LLCs13 6,411 5,813 6,411 5,813
All other liabilities14 6,836 8,143 169 154 3,083 5,823 168 160 267 168 423 401 624 307 579 290 245 150 137 99 239 116 303 172 599 302
Total liabilities 2,187,690 2,206,382 66,839 86,859 1,120,728 1,251,378 66,026 51,322 56,371 93,206 179,042 111,954 149,189 140,143 135,239 119,693 40,682 34,622 22,918 18,338 57,531 40,578 76,694 52,892 216,430 205,398
Capital Accounts  
Capital paid in 25,640 21,076 944 844 7,442 5,607 2,802 2,315 1,910 1,552 7,140 5,980 1,581 1,612 619 703 240 210 712 324 210 208 353 271 1,687 1,449
Surplus (including accumulated other comprehensive loss) 25,640 21,076 944 844 7,442 5,607 2,802 2,315 1,910 1,552 7,140 5,980 1,581 1,612 619 703 240 210 712 324 210 208 353 271 1,687 1,449
Total liabilities and capital accounts 2,238,971 2,248,534 68,728 88,547 1,135,612 1,262,593 71,630 55,952 60,192 96,310 193,321 123,914 152,351 143,366 136,478 121,100 41,162 35,041 24,342 18,987 57,950 40,993 77,399 53,434 219,804 208,296

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

1. Includes credit extended to primary dealers and certain London-based primary dealer affiliates.  Return to table

2. Represents the remaining principal balance. Although the TALF loans are recorded at fair value, the amount necessary to adjust the loans to fair value at December 31, is reported in "All other assets."  Return to table

3. Includes outstanding principal and capitalized interest net of unamortized deferred commitment fees and allowance for loan restructuring. Excludes credit extended to Maiden Lane II LLC and Maiden Lane III LLC.  Return to table

4. Contract amount of the agreements.  Return to table

5. Includes securities loaned--fully collateralized by U.S. Treasury securities, other investment-grade securities, and collateral eligible for tri-party repurchase agreements pledged with Federal Reserve Banks--and excludes securities purchased under agreements to resell.  Return to table

6. The Federal Reserve Bank of New York is the primary beneficiary of Commercial Paper Funding Facility LLC, TALF LLC, Maiden Lane LLC, Maiden Lane II LLC, and Maiden Lane III LLC and, as a result, the accounts and results of operations of these entities are included in the combined financial statements of the Federal Reserve Banks. For additional details, see the "Key Financial Data for Consolidated Limited Liability Companies" table in the "Federal Reserve Banks" chapter of this report.  Return to table

7. In December 2009, the Federal Reserve Bank of New York received preferred interests in two special purpose vehicles, AIA Aurora LLC and ALICO Holdings LLC, in exchange for the reduction of the outstanding balance of revolving credit provided to American International Group, Inc. (AIG).  Return to table

8. Valued daily at market exchange rates.  Return to table

9. 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 consistent exchange rate equals the market exchange rate used when the foreign currency was acquired from the foreign central bank.  Return to table

10. Includes premiums on securities, accrued interest, amount necessary to adjust TALF loans to fair value, and depository institution overdrafts.  Return to table

11. Represents amounts deposited by the U.S. Treasury that result from a temporary supplementary program that offsets, in part, the reserve impact of the Reserve Banks' lending and liquidity initiatives.  Return to table

12. Includes deposits of government-sponsored enterprises and international organizations. These deposits are primarily held by the Federal Reserve Bank of New York.   Return to table

13. The other beneficial interest holders are the U.S. Treasury for TALF LLC, JPMorgan Chase for Maiden Lane LLC, and AIG for Maiden Lane II LLC and Maiden Lane III LLC.  Return to table

14. Includes discounts on securities and accrued benefit costs.  Return to table

... Not applicable  Return to table

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9b. Statement of Condition of the Federal Reserve Banks, December 31, 2009 and 2008 Supplemental Information--Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts
Millions of dollars
Item 2009 2008
Federal Reserve notes outstanding 1,080,987 1,022,850
Less: Notes held by Federal Reserve Banks not subject to collateralization 193,141 169,682
Collateralized Federal Reserve notes 887,846 853,168
Collateral for Federal Reserve notes  
Gold certificate account 11,037 11,037
Special drawing rights certificate account 5,200 2,200
U.S. Treasury securities and government-sponsored enterprise debt securities1 858,607 496,733
Other eligible assets 13,002 343,198
Total collateral 887,846 853,168

1. Face value. Includes compensation to adjust for the effect of inflation on the original face value of inflation-indexed securities, cash value of repurchase agreements, and par value of reverse repurchase agreements.  Return to table

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