Federal Reserve Statistical Release, H.4.1, Factors Affecting Reserve Balances; title with eagle logo links to Statistical Release home page
Release Date:  March 05, 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
March 5, 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
Mar 4, 2009
Week ended
Mar 4, 2009
Change from week ended
Feb 25, 2009 Mar 5, 2008
                                                              
Reserve Bank credit                                       1,891,437    -    8,752    +1,017,956     1,884,079 
  Securities held outright                                  581,721    +    2,638    -  131,644       581,759 
    U.S. Treasury securities (1)                            474,607    -       77    -  238,758       474,619 
      Bills (2)                                              18,423             0    -  181,937        18,423 
      Notes and bonds, nominal (2)                          412,914             0    -   57,096       412,914 
      Notes and bonds, inflation-indexed (2)                 39,378             0    +      941        39,378 
      Inflation compensation (3)                              3,893    -       78    -      666         3,905 
    Federal agency debt securities (2)                       38,252    +    2,383    +   38,252        38,238 
    Mortgage-backed securities (4)                           68,862    +      333    +   68,862        68,902 
  Repurchase agreements (5)                                       0             0    -   59,357             0 
  Term auction credit                                       493,145    +   45,582    +  433,145       493,145 
  Other loans                                               140,945    +    1,481    +  140,587       140,343 
    Primary credit                                           65,961    +    1,553    +   65,606        66,728 
    Secondary credit                                              0    -        7             0             0 
    Seasonal credit                                              2            0   -        1            2 
    Primary dealer and other broker-dealer credit (6)        23,799    -    1,819    +   23,799        23,557 
    Asset-backed Commercial Paper Money Market                
      Mutual Fund Liquidity Facility                          9,531    -    1,851    +    9,531         8,087 
    Credit extended to American International                 
      Group, Inc. (7)                                        41,652    +    3,606    +   41,652        41,969 
    Other credit extensions                                       0             0             0             0 
  Net portfolio holdings of Commercial Paper                  
    Funding Facility LLC (8)                                242,052    -    4,181    +  242,052       241,296 
  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)             25,989    +       65    +   25,989        26,107 
  Net portfolio holdings of Maiden Lane II LLC (11)          18,655    +       14    +   18,655        18,708 
  Net portfolio holdings of Maiden Lane III LLC (12)         27,702    +       25    +   27,702        27,745 
  Float                                                      -2,294    +       86    -      920        -2,949 
  Central bank liquidity swaps (13)                         320,389    -   54,201    +  320,389       315,211 
  Other Federal Reserve assets (14)                          43,133    -      262    +    1,358        42,714 
Gold stock                                                   11,041             0             0        11,041 
Special drawing rights certificate account                    2,200             0             0         2,200 
Treasury currency outstanding (15)                           38,800    +       14    +      120        38,800 
                                                              
Total factors supplying reserve funds                     1,943,478    -    8,738    +1,018,076     1,936,120 
 

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
Mar 4, 2009
Week ended
Mar 4, 2009
Change from week ended
Feb 25, 2009 Mar 5, 2008
                                                              
Currency in circulation (15)                                895,114    +    1,418    +   79,215       897,131 
Reverse repurchase agreements (16)                           72,625    +    4,782    +   29,487        71,262 
  Foreign official and international accounts                72,625    +    4,782    +   29,487        71,262 
  Dealers                                                         0             0             0             0 
Treasury cash holdings                                          284    +        6    +       24           295 
Deposits with F.R. Banks, other than reserve balances       276,319    +   29,113    +  264,334       300,653 
  U.S. Treasury, general account                             52,413    +   16,830    +   47,546        68,282 
  U.S. Treasury, supplementary financing account            199,950             0    +  199,950       199,950 
  Foreign official                                            1,547    -    1,135    +    1,450         1,640 
  Service-related                                             4,466    -       10    -    2,284         4,466 
    Required clearing balances                                4,466    -       10    -    2,284         4,466 
    Adjustments to compensate for float                           0             0             0             0 
  Other                                                      17,942    +   13,426    +   17,671        26,315 
Other liabilities and capital (17)                           51,332    +      448    +    6,936        51,512 
                                                              
Total factors, other than reserve balances,                                                       
   absorbing reserve funds                                1,295,673    +   35,767    +  379,995     1,320,853 
                                                              
Reserve balances with Federal Reserve Banks                 647,805    -   44,505    +  638,081       615,267 
                                                                
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. Excludes credit extended to consolidated LLCs.
8. Refer to table 6 and the note on consolidation accompanying table 9.
9. Refer to table 7 and the note on consolidation accompanying table 9.
10. Refer to table 3 and the note on consolidation accompanying table 9.
11. Refer to table 4 and the note on consolidation accompanying table 9.
12. Refer to table 5 and the note on consolidation accompanying table 9.
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 3 through table 7 and the note on consolidation accompanying table 9.
 

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
Mar 4, 2009
Week ended
Mar 4, 2009
Change from week ended
Feb 25, 2009 Mar 5, 2008
                                                              
Marketable securities held in custody for foreign             
      official and international accounts (1)             2,596,440    +   15,714    +  446,428     2,599,214 
  U.S. Treasury securities                                1,779,256    +   12,583    +  498,629     1,783,008 
  Federal agency securities (2)                             817,184    +    3,131    -   52,201       816,206 
Securities lent to dealers                                  117,853    +       12    +   98,833       117,769 
  Overnight facility (3)                                      5,683    -      602    -   13,337         5,599 
  Term facility (4,5)                                       112,170    +      614    +  112,170       112,170 
 

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. Fully collateralized by U.S. Treasury securities, federal agency securities, and other highly rated debt
securities.
5. On March 4, 2009, option contracts on draws on the Term Securities Lending Facility totaling $ 35,000
million were outstanding. The exercise date for the options is March 26, 2009, and the draws have a term of
March 27, 2009 through April 3, 2009.
 

 

2. Maturity Distribution of Term Auction Credit, Other Loans, and Securities, March 4, 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                   142,328      350,818         ---            ---          ---         ---       493,145
Other loans (1)                        86,458       11,861           55        41,969          ---         ---       140,343
U.S. Treasury securities (2)                    
  Holdings                             13,258       31,686       60,732       168,922      100,588      99,432       474,619
  Weekly changes                   -    6,418   +    4,863   -      581    +      949   +    1,172  -       10    -       24
Federal agency debt securities (3)                        
  Holdings                                977          571        2,567        26,690        7,433           0        38,238
  Weekly changes                   +      528   -      628            0             0            0           0    -      100
Mortgage-backed securities (4)                            
  Holdings                                  0            0            0             0            0      68,902        68,902
  Weekly changes                            0            0            0             0            0  +      157    +      157
Commercial paper held by                        
  Commercial Paper Funding                      
  Facility LLC (5)                     19,041      221,222            0           ---          ---         ---       240,262
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)      140,285      174,926            0             0            0           0       315,211
                                                
Reverse repurchase agreements (7)      71,262            0          ---           ---          ---         ---        71,262
  
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 arrangements 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. Information on Principal Accounts of Maiden Lane LLC
Millions of dollars
Account name Wednesday
Mar 4, 2009
                                                                                                
Net portfolio holdings of Maiden Lane LLC (1)                                                       26,107    
                                                                                                
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)                                   292    
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3)        1,198    
 
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 December 31, 2008. 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 9.
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 8 and table 9.
 

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.
 

 

 

4. Information on Principal Accounts of Maiden Lane II LLC
Millions of dollars
Account name Wednesday
Mar 4, 2009
                                                                                                
Net portfolio holdings of Maiden Lane II LLC (1)                                                     18,708   
                                                                                                
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)            18,825   
Accrued interest payable to the Federal Reserve Bank of New York (2)                                     75   
Deferred payment and accrued interest payable to subsidiaries of American International         
  Group, Inc. (3)                                                                                     1,008   
 

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 December 31, 2008. 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 9.
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 8 and table 9.
 

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.
 

 

5. Information on Principal Accounts of Maiden Lane III LLC
Millions of dollars
Account name Wednesday
Mar 4, 2009
                                                                                                
Net portfolio holdings of Maiden Lane III LLC (1)                                                    27,745   
                                                                                                
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)            24,339   
Accrued interest payable to the Federal Reserve Bank of New York (2)                                    106   
Outstanding principal amount and accrued interest on loan payable to American International     
  Group, Inc. (3)                                                                                     5,052   
 

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 December 31, 2008. 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 9.
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 8 and table 9.
 

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.
 

 

6. Information on Principal Accounts of Commercial Paper Funding Facility LLC
Millions of dollars
Account name Wednesday
Mar 4, 2009
                                                                                                
Commercial paper holdings, net (1)                                                                  238,876   
Other investments, net                                                                                2,420   
Net portfolio holdings of Commercial Paper Funding Facility LLC                                     241,296   
                                                                                                
Memorandum: Commercial paper holdings, face value                                                   240,262   
                                                                                                
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)           238,943   
Accrued interest payable to the Federal Reserve Bank of New York (2)                                     82   
 

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 9.
 

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.
 

 

7. Information on Principal Accounts of LLCs Funded through the Money Market Investor Funding Facility
Millions of dollars
Account name Wednesday
Mar 4, 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 9.
 

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.
 

 

8. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of dollars
Assets, liabilities, and capital Eliminations
from
consolidation
  Change since
Wednesday
Mar 4, 2009
Wednesday
Feb 25, 2009
Wednesday
Mar 5, 2008
Assets                                                   
Gold certificate account                                           11,037                0                   0
Special drawing rights certificate account                          2,200                0                   0
Coin                                                                1,848       -        7          +      497
Securities, repurchase agreements, term auction          
      credit, and other loans                                   1,215,247       +   47,059          +  389,572
  Securities held outright                                        581,759       +       33          -  131,629
    U.S. Treasury securities (1)                                  474,619       -       24          -  238,769
      Bills (2)                                                    18,423                0          -  181,937
      Notes and bonds, nominal (2)                                412,914                0          -   57,096
      Notes and bonds, inflation-indexed (2)                       39,378                0          +      941
      Inflation compensation (3)                                    3,905       -       24          -      676
    Federal agency debt securities (2)                             38,238       -      100          +   38,238
    Mortgage-backed securities (4)                                 68,902       +      157          +   68,902
  Repurchase agreements (5)                                             0                0          -   52,250
  Term auction credit                                             493,145       +   45,582          +  433,145
  Other loans                                                     140,343       +    1,444          +  140,306
Net portfolio holdings of Commercial Paper               
  Funding Facility LLC (6)                                        241,296       -    1,207          +  241,296
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)                      26,107       +      138          +   26,107
Net portfolio holdings of Maiden Lane II LLC (9)                   18,708       +       61          +   18,708
Net portfolio holdings of                                
  Maiden Lane III LLC (10)                                         27,745       +       50          +   27,745
Items in process of collection                         (517)          705       -      254          -    1,010
Bank premises                                                       2,182       -        5          +       42
Central bank liquidity swaps (11)                                 315,211       -   59,736          +  315,211
Other assets (12)                                                  40,512       -      882          +      928
                                                         
      Total assets                                     (517)    1,902,798       -   14,783          +1,019,096
 

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

 

8. Consolidated Statement of Condition of All Federal Reserve Banks (continued)
Millions of dollars
Assets, liabilities, and capital Eliminations
from
consolidation
  Change since
Wednesday
Mar 4, 2009
Wednesday
Feb 25, 2009
Wednesday
Mar 5, 2008
Liabilities                                              
Federal Reserve notes, net of F.R. Bank holdings                  860,470       +    1,732          +   79,701
Reverse repurchase agreements (13)                                 71,262       +    3,549          +   30,450
Deposits                                                 (0)      915,900       -   21,128          +  901,005
  Depository institutions                                         619,713       -   81,430          +  609,984
  U.S. Treasury, general account                                   68,282       +   43,173          +   63,488
  U.S. Treasury, supplementary financing account                  199,950                0          +  199,950
  Foreign official                                                  1,640       -      593          +    1,542
  Other                                                  (0)       26,315       +   17,722          +   26,040
Deferred availability cash items                       (517)        3,654       +      544          +      394
Other liabilities and accrued dividends (14)                        8,813       +       15          +    4,398
                                                         
      Total liabilities                                (517)    1,860,098       -   15,289          +1,015,947
                                                         
Capital accounts                                         
Capital paid in                                                    22,194       +        4          +    2,733
Surplus                                                            20,267       +      435          +    1,809
Other capital accounts                                                238       +       66          -    1,394
                                                         
      Total capital                                                42,699       +      505          +    3,148
 

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 6 and the note on consolidation accompanying table 9.
7. Refer to table 7 and the note on consolidation accompanying table 9.
8. Refer to table 3 and the note on consolidation accompanying table 9.
9. Refer to table 4 and the note on consolidation accompanying table 9.
10. Refer to table 5 and the note on consolidation accompanying table 9.
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 3 through table 7 and the note on consolidation accompanying table 9.
 

 

9. Statement of Condition of Each Federal Reserve Bank, March 4, 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         424       3,935         453         423         891       1,221         913         344         199         349         636       1,249 
Special drawing rights certificate acct.       2,200         115         874          83         104         147         166         212          71          30          66          98         234 
Coin                                           1,848          62          82         156         154         255         225         216          45          59         126         184         282 
Securities, repurchase agreements, term                            
      auction credit, and other loans      1,215,247      54,371     565,688      72,355      33,513     139,769      71,727      59,812      24,912      17,023      23,886      30,981     121,210 
  Securities held outright                   581,759      24,401     206,986      25,400      22,060      52,753      57,884      51,346      20,104      10,983      21,361      24,132      64,349 
    U.S. Treasury securities (1)             474,619      19,907     168,866      20,723      17,997      43,038      47,224      41,890      16,401       8,960      17,427      19,688      52,498 
      Bills (2)                               18,423         773       6,555         804         699       1,671       1,833       1,626         637         348         676         764       2,038 
      Notes and bonds (3)                    456,196      19,135     162,312      19,918      17,299      41,367      45,391      40,264      15,765       8,612      16,751      18,923      50,460 
    Federal agency debt securities (2)        38,238       1,604      13,605       1,670       1,450       3,467       3,805       3,375       1,321         722       1,404       1,586       4,230 
    Mortgage-backed securities (4)            68,902       2,890      24,515       3,008       2,613       6,248       6,856       6,081       2,381       1,301       2,530       2,858       7,621 
  Repurchase agreements (5)                        0           0           0           0           0           0           0           0           0           0           0           0           0 
  Term auction credit                        493,145      21,622     233,360      46,815      11,445      86,488      13,623       6,469       4,564       5,699       2,477       5,675      54,909 
  Other loans                                140,343       8,348     125,341         139           8         529         220       1,998         245         341          48       1,174       1,952 
Net portfolio holdings of Commercial                               
  Paper Funding Facility LLC (6)             241,296           0     241,296           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)                                     26,107           0      26,107           0           0           0           0           0           0           0           0           0           0 
Net portfolio holdings of Maiden                                   
  Lane II LLC (9)                             18,708           0      18,708           0           0           0           0           0           0           0           0           0           0 
Net portfolio holdings of Maiden                                   
  Lane III LLC (10)                           27,745           0      27,745           0           0           0           0           0           0           0           0           0           0 
Items in process of collection                 1,221          63           0         203         138          45          47         279          46          87          42         106         167 
Bank premises                                  2,182         122         210          65         146         230         224         207         132         112         272         249         212 
Central bank liquidity swaps (11)            315,211      12,040      94,621      33,014      22,134      85,281      22,983      10,032       2,990       4,626       2,965       3,864      20,661 
Other assets (12)                             40,512       1,672      12,502       3,275       2,348       8,161       3,462       2,224         844         695         863       1,025       3,441 
Interdistrict settlement account                   0   -   9,181   -  57,994   -  49,899   +  11,316   -  36,439   +  36,832   +  31,343   +   6,113   -   1,709   +  22,638   +  21,090   +  25,891 
                                                                   
      Total assets                         1,903,314      59,689     933,774      59,704      70,276     198,341     136,888     105,238      35,498      21,121      51,208      58,233     173,345 
 

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

 

9. Statement of Condition of Each Federal Reserve Bank, March 4, 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           1,037,277      37,558     362,692      40,829      45,952      79,871     134,117      85,441      28,948      18,937      29,407      62,087     111,437 
  Less: Notes held by F.R. Banks              176,807       5,658      50,108       5,359       7,375      12,208      29,340      13,559       3,631       2,984       3,574      16,796      26,215 
    Federal Reserve notes, net                860,470      31,900     312,583      35,470      38,577      67,664     104,777      71,882      25,317      15,953      25,833      45,291      85,223 
Reverse repurchase agreements (13)             71,262       2,989      25,355       3,111       2,702       6,462       7,090       6,290       2,463       1,345       2,617       2,956       7,882 
Deposits                                      915,900      22,724     577,993      15,737      25,148     111,796      21,021      24,763       7,063       2,516      22,043       8,946      76,149 
  Depository institutions                     619,713      22,720     281,930      15,733      25,145     111,704      21,017      24,761       7,057       2,515      22,041       8,945      76,145 
  U.S. Treasury, general account               68,282           0      68,282           0           0           0           0           0           0           0           0           0           0 
  U.S. Treasury, supplementary                                      
    financing account                         199,950           0     199,950           0           0           0           0           0           0           0           0           0           0 
  Foreign official                              1,640           2       1,610           4           3          11           3           1           0           1           0           1           3 
  Other                                        26,315           3      26,221           0           0          81           0           0           5           0           1           0           2 
Deferred availability cash items                4,171         132           0         645         579         297         354         528          60         384         156         300         735 
Other liabilities and accrued                                                 
  dividends (14)                                8,813         158       6,325         184         181         460         357         289         155         106         118         170         309 
                                                                    
      Total liabilities                     1,860,615      57,904     922,256      55,148      67,187     186,679     133,599     103,752      35,057      20,304      50,767      57,663     170,298 
                                                                    
Capital                                                             
Capital paid in                                22,194         903       6,282       2,320       1,597       5,979       1,644         730         216         485         214         281       1,543 
Surplus                                        20,267         844       5,236       2,237       1,492       5,682       1,612         704         210         324         208         271       1,449 
Other capital                                     238          38           0           0           0           0          33          52          16           8          19          19          55 
                                                                    
      Total liabilities and capital         1,903,314      59,689     933,774      59,704      70,276     198,341     136,888     105,238      35,498      21,121      51,208      58,233     173,345 
                              
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.
 

 

9. Statement of Condition of Each Federal Reserve Bank, March 4, 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 6 and the note on consolidation below.
7. Refer to table 7 and the note on consolidation below.
8. Refer to table 3 and the note on consolidation below.
9. Refer to table 4 and the note on consolidation below.
10. Refer to table 5 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 3 through
table 7 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 8), 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 8).
 

 

10. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts
Millions of dollars
Federal Reserve notes and collateral Wednesday
Mar 4, 2009
                                                                                            
Federal Reserve notes outstanding                                                              1,037,277 
  Less: Notes held by F.R. Banks not subject to collateralization                                176,807 
    Federal Reserve notes to be collateralized                                                   860,470 
Collateral held against Federal Reserve notes                                                    860,470 
  Gold certificate account                                                                        11,037 
  Special drawing rights certificate account                                                       2,200 
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1)                         514,939 
  Other assets pledged                                                                           332,294 
                                                                                            
Memo:                                                                                       
Total U.S. Treasury, agency debt, and mortgage-backed securities (1)                             581,759 
  Less: Face value of securities under reverse repurchase agreements                              66,820 
    U.S. Treasury, agency debt, and mortgage-backed securities                              
    eligible to be pledged                                                                       514,939 
   
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.

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