FEDERAL RESERVE statistical release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks April 30, 2009 1. Factors Affecting Reserve Balances of Depository Institutions Millions of dollars Reserve Bank credit, related items, and Averages of daily figures reserve balances of depository institutions at Week ended Change from week ended Wednesday Federal Reserve Banks Apr 29, 2009 Apr 22, 2009 Apr 30, 2008 Apr 29, 2009 Reserve Bank credit 2,087,578 - 81,542 +1,222,561 2,049,958 Securities held outright 976,811 + 22,765 + 428,131 983,358 U.S. Treasury securities (1) 543,009 + 14,319 - 5,671 549,046 Bills (2) 18,423 0 - 51,894 18,423 Notes and bonds, nominal (2) 479,039 + 14,007 + 44,093 485,057 Notes and bonds, inflation-indexed (2) 40,976 + 215 + 2,434 40,976 Inflation compensation (3) 4,571 + 97 - 304 4,590 Federal agency debt securities (2) 66,074 + 3,317 + 66,074 68,158 Mortgage-backed securities (4) 367,728 + 5,129 + 367,728 366,153 Repurchase agreements (5) 0 0 - 107,536 0 Term auction credit 403,573 - 52,226 + 303,573 403,573 Other loans 104,538 - 163 + 74,355 101,531 Primary credit 44,788 + 1,676 + 33,200 45,261 Secondary credit 40 - 21 + 40 0 Seasonal credit 1 0 - 24 1 Primary dealer and other broker-dealer credit (6) 5,479 - 3,735 - 13,092 700 Asset-Backed Commercial Paper Money Market Mutual Fund Liquidity Facility 3,362 + 2,412 + 3,362 3,699 Credit extended to American International Group, Inc. (7) 44,489 - 494 + 44,489 45,492 Term Asset-Backed Securities Loan Facility 6,379 0 + 6,379 6,379 Other credit extensions 0 0 0 0 Net portfolio holdings of Commercial Paper Funding Facility LLC (8) 222,920 - 17,977 + 222,920 181,795 Net portfolio holdings of LLCs funded through the Money Market Investor Funding Facility (9) 0 0 0 0 Net portfolio holdings of Maiden Lane LLC (10) 26,484 + 39 + 26,484 26,502 Net portfolio holdings of Maiden Lane II LLC (11) 18,264 + 27 + 18,264 18,328 Net portfolio holdings of Maiden Lane III LLC (12) 27,432 + 18 + 27,432 27,449 Float -2,241 + 111 - 567 -2,345 Central bank liquidity swaps (13) 250,215 - 36,059 + 214,215 249,513 Other Federal Reserve assets (14) 59,582 + 1,924 + 15,291 60,254 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding (15) 42,290 + 14 + 3,555 42,290 Total factors supplying reserve funds 2,143,109 - 81,528 +1,226,116 2,105,489 Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table. 1. Factors Affecting Reserve Balances of Depository Institutions (continued) Millions of dollars Reserve Bank credit, related items, and Averages of daily figures reserve balances of depository institutions at Week ended Change from week ended Wednesday Federal Reserve Banks Apr 29, 2009 Apr 22, 2009 Apr 30, 2008 Apr 29, 2009 Currency in circulation (15) 901,678 - 1,577 + 89,266 903,191 Reverse repurchase agreements (16) 66,196 + 430 + 26,817 67,284 Foreign official and international accounts 66,196 + 430 + 26,817 67,284 Dealers 0 0 0 0 Treasury cash holdings 325 - 8 + 9 311 Deposits with F.R. Banks, other than reserve balances 291,057 + 16,810 + 277,832 269,555 U.S. Treasury, general account 84,774 + 19,054 + 79,053 62,810 U.S. Treasury, supplementary financing account 199,929 0 + 199,929 199,929 Foreign official 1,634 - 665 + 1,534 1,967 Service-related 4,342 - 26 - 2,749 4,342 Required clearing balances 4,342 - 26 - 2,749 4,342 Adjustments to compensate for float 0 0 0 0 Other 378 - 1,553 + 65 506 Other liabilities and capital (17) 56,502 + 394 + 13,175 56,588 Total factors, other than reserve balances, absorbing reserve funds 1,315,757 + 16,048 + 407,099 1,296,928 Reserve balances with Federal Reserve Banks 827,352 - 97,576 + 819,017 808,562 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 7 and the note on consolidation accompanying table 10. 9. Refer to table 8 and the note on consolidation accompanying table 10. 10. Refer to table 4 and the note on consolidation accompanying table 10. 11. Refer to table 5 and the note on consolidation accompanying table 10. 12. Refer to table 6 and the note on consolidation accompanying table 10. 13. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the foreign central bank. 14. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates. 15. Estimated. 16. Cash value of agreements, which are collateralized by U.S. Treasury securities. 17. Includes the liabilities of Commercial Paper Funding Facility LLC, the LLCs funded through the Money Market Investor Funding Facility, Maiden Lane LLC, Maiden Lane II LLC, and Maiden Lane III LLC to entities other than the Federal Reserve Bank of New York, including liabilities that have recourse only to the portfolio holdings of these LLCs. Refer to table 4 through table 8 and the note on consolidation accompanying table 10. Sources: Federal Reserve Banks and the U.S. Department of the Treasury. 1A. Memorandum Items Millions of dollars Averages of daily figures Memorandum item Week ended Change from week ended Wednesday Apr 29, 2009 Apr 22, 2009 Apr 30, 2008 Apr 29, 2009 Marketable securities held in custody for foreign official and international accounts (1) 2,650,606 + 3,064 + 387,198 2,648,356 U.S. Treasury securities 1,841,167 - 303 + 511,635 1,837,101 Federal agency securities (2) 809,439 + 3,367 - 124,437 811,255 Securities lent to dealers 38,675 - 10,038 - 124,705 36,997 Overnight facility (3) 6,125 + 1,391 - 11,626 4,447 Term facility (4) 32,550 - 11,429 - 113,079 32,550 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. 2. Maturity Distribution of Term Auction Credit, Other Loans, and Securities, April 29, 2009 Millions of dollars Remaining maturity Within 15 16 days to 91 days to Over 1 year Over 5 years Over 10 All days 90 days 1 year to 5 years to 10 years years Term auction credit 106,299 297,274 --- --- --- --- 403,573 Other loans (1) 41,259 8,401 0 51,871 --- --- 101,531 U.S. Treasury securities (2) Holdings 15,915 27,266 65,124 216,801 118,003 105,939 549,046 Weekly changes - 2,503 + 2,503 + 4 + 14,005 + 47 + 23 + 14,077 Federal agency debt securities (3) Holdings 0 196 3,979 47,628 15,973 382 68,158 Weekly changes 0 0 0 + 3,647 0 0 + 3,647 Mortgage-backed securities (4) Holdings 0 0 0 0 0 366,153 366,153 Weekly changes 0 0 0 0 0 - 1,437 - 1,437 Commercial paper held by Commercial Paper Funding Facility LLC (5) 48,568 130,871 0 --- --- --- 179,438 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) 117,424 132,089 0 0 0 0 249,513 Reverse repurchase agreements (7) 67,284 0 --- --- --- --- 67,284 Note: Components may not sum to totals because of rounding. --- Not applicable. 1. Excludes the loans from the Federal Reserve Bank of New York (FRBNY) to Commercial Paper Funding Facility LLC, the LLCs funded through the Money Market Investor Funding Facility, Maiden Lane LLC, Maiden Lane II LLC, and Maiden Lane III LLC. The loans were eliminated when preparing the FRBNY's statement of condition consistent with consolidation under generally accepted accounting principles. 2. Face value. For inflation-indexed securities, includes the original face value and compensation that adjusts for the effect of inflation on the original face value of such securities. 3. Face value. 4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the underlying mortgages. 5. Face value of commercial paper held by Commercial Paper Funding Facility LLC. 6. Face value of money market instruments held by LLCs funded through the Money Market Investor Funding Facility. 7. Cash value of agreements. 8. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the foreign central bank. 3. Supplemental Information on Mortgage-Backed Securities Purchase Program Millions of dollars Wednesday Account name Apr 29, 2009 Mortgage-backed securities held outright (1) 366,153 Commitments to buy mortgage-backed securities (2) 189,966 Commitments to sell mortgage-backed securities (2) 157,575 Cash and cash equivalents (3) 172 1. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the underlying mortgages. 2. Current face value. Generally settle within 180 days and include commitments associated with outright transactions as well as dollar rolls. 3. This amount is included in other Federal Reserve assets in table 1 and in other assets in table 9 and table 10. 4. Information on Principal Accounts of Maiden Lane LLC Millions of dollars Wednesday Account name Apr 29, 2009 Net portfolio holdings of Maiden Lane LLC (1) 26,502 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) 315 Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3) 1,207 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 10. 3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 9 and table 10. Note: On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended credit to Maiden Lane LLC under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to acquire certain assets of Bear Stearns and to manage those assets through time to maximize repayment of the credit extended and to minimize disruption to financial markets. Payments by Maiden Lane LLC from the proceeds of the net portfolio holdings will be made in the following order: operating expenses of the LLC, principal due to the FRBNY, interest due to the FRBNY, principal due to JPMorgan Chase & Co., and interest due to JPMorgan Chase & Co. Any remaining funds will be paid to the FRBNY. 5. Information on Principal Accounts of Maiden Lane II LLC Millions of dollars Wednesday Account name Apr 29, 2009 Net portfolio holdings of Maiden Lane II LLC (1) 18,328 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 18,251 Accrued interest payable to the Federal Reserve Bank of New York (2) 118 Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc. (3) 1,014 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 10. 3. Book value. The deferred payment represents the portion of the proceeds of the net portfolio holdings due to subsidiaries of American International Group, Inc. in accordance with the asset purchase agreement. The fair value of this payment and accrued interest payable are included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 9 and table 10. Note: On December 12, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden Lane II LLC under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to purchase residential mortgage-backed securities from the U.S. securities lending reinvestment portfolio of subsidiaries of American International Group, Inc. (AIG subsidiaries). Payments by Maiden Lane II LLC from the proceeds of the net portfolio holdings will be made in the following order: operating expenses of Maiden Lane II LLC, principal due to the FRBNY, interest due to the FRBNY, and deferred payment and interest due to AIG subsidiaries. Any remaining funds will be shared by the FRBNY and AIG subsidiaries. 6. Information on Principal Accounts of Maiden Lane III LLC Millions of dollars Wednesday Account name Apr 29, 2009 Net portfolio holdings of Maiden Lane III LLC (1) 27,449 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 23,542 Accrued interest payable to the Federal Reserve Bank of New York (2) 161 Outstanding principal amount and accrued interest on loan payable to American International Group, Inc. (3) 5,079 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 10. 3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 9 and table 10. Note: On November 25, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden Lane III LLC under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to purchase multi-sector collateralized debt obligations (CDOs) on which the Financial Products group of American International Group, Inc. (AIG) has written credit default swap (CDS) contracts. In connection with the purchase of CDOs, the CDS counterparties will concurrently unwind the related CDS transactions. Payments by Maiden Lane III LLC from the proceeds of the net portfolio holdings will be made in the following order: operating expenses of Maiden Lane III LLC, principal due to the FRBNY, interest due to the FRBNY, principal due to AIG, and interest due to AIG. Any remaining funds will be shared by the FRBNY and AIG. 7. Information on Principal Accounts of Commercial Paper Funding Facility LLC Millions of dollars Wednesday Account name Apr 29, 2009 Commercial paper holdings, net (1) 178,496 Other investments, net 3,299 Net portfolio holdings of Commercial Paper Funding Facility LLC 181,795 Memorandum: Commercial paper holdings, face value 179,438 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 178,385 Accrued interest payable to the Federal Reserve Bank of New York (2) 53 1. Book value, which includes amortized cost and related fees. 2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 10. Note: On October 27, 2008, the Federal Reserve Bank of New York began extending loans under the authority of section 13(3) of the Federal Reserve Act to Commercial Paper Funding Facility LLC. This LLC is a limited liability company formed to purchase three-month U.S. dollar-denominated commercial paper from eligible issuers and thereby foster liquidity in short-term funding markets and increase the availability of credit for businesses and households. 8. Information on Principal Accounts of LLCs Funded through the Money Market Investor Funding Facility Millions of dollars Wednesday Account name Apr 29, 2009 Money market instrument holdings, net (1) 0 Other investments, net 0 Net portfolio holdings of LLCs funded through the Money Market Investor Funding Facility 0 Memorandum: Money market instrument holdings, face value 0 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 0 Accrued interest payable to the Federal Reserve Bank of New York (2) 0 Commercial paper issued by LLCs funded through the Money Market Investor Funding Facility, net of related discounts 0 1. Book value, which includes amortized cost. 2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 10. Note: The Federal Reserve Board authorized the Federal Reserve Bank of New York to extend credit under the authority of section 13(3) of the Federal Reserve Act to a series of limited liability companies funded through the Money Market Investor Funding Facility (MMIFF). The MMIFF became operational on November 24, 2008. These limited liability companies were established to purchase short-term U.S. dollar-denominated certificates of deposit, bank notes, and outstanding asset-backed commercial paper from eligible issuers. Such purchases are designed to foster liquidity in short-term money markets. 9. Consolidated Statement of Condition of All Federal Reserve Banks Millions of dollars Eliminations Change since from Wednesday Wednesday Wednesday Assets, liabilities, and capital consolidation Apr 29, 2009 Apr 22, 2009 Apr 30, 2008 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 2,200 0 0 Coin 1,879 + 9 + 419 Securities, repurchase agreements, term auction credit, and other loans 1,488,462 - 37,395 + 694,507 Securities held outright 983,358 + 16,288 + 434,666 U.S. Treasury securities (1) 549,046 + 14,077 + 354 Bills (2) 18,423 0 - 51,894 Notes and bonds, nominal (2) 485,057 + 14,025 + 50,740 Notes and bonds, inflation-indexed (2) 40,976 0 + 1,805 Inflation compensation (3) 4,590 + 52 - 297 Federal agency debt securities (2) 68,158 + 3,647 + 68,158 Mortgage-backed securities (4) 366,153 - 1,437 + 366,153 Repurchase agreements (5) 0 0 - 115,500 Term auction credit 403,573 - 52,226 + 303,573 Other loans 101,531 - 1,457 + 71,768 Net portfolio holdings of Commercial Paper Funding Facility LLC (6) 181,795 - 60,636 + 181,795 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) 26,502 + 21 + 26,502 Net portfolio holdings of Maiden Lane II LLC (9) 18,328 + 75 + 18,328 Net portfolio holdings of Maiden Lane III LLC (10) 27,449 + 20 + 27,449 Items in process of collection (419) 704 - 99 - 648 Bank premises 2,204 + 13 + 46 Central bank liquidity swaps (11) 249,513 - 33,350 + 213,513 Other assets (12) 58,075 + 1,220 + 16,543 Total assets (419) 2,068,149 - 130,120 +1,178,456 Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table. 9. Consolidated Statement of Condition of All Federal Reserve Banks (continued) Millions of dollars Eliminations Change since from Wednesday Wednesday Wednesday Assets, liabilities, and capital consolidation Apr 29, 2009 Apr 22, 2009 Apr 30, 2008 Liabilities Federal Reserve notes, net of F.R. Bank holdings 863,086 + 126 + 85,996 Reverse repurchase agreements (13) 67,284 + 2,603 + 26,580 Deposits (0) 1,078,143 - 133,029 +1,052,498 Depository institutions 812,930 - 102,843 + 792,631 U.S. Treasury, general account 62,810 - 30,723 + 57,855 U.S. Treasury, supplementary financing account 199,929 0 + 199,929 Foreign official 1,967 + 373 + 1,861 Other (0) 506 + 163 + 221 Deferred availability cash items (419) 3,049 - 715 - 26 Other liabilities and accrued dividends (14) 9,709 + 16 + 6,062 Total liabilities (419) 2,021,270 - 130,999 +1,171,108 Capital accounts Capital paid in 22,983 + 372 + 3,377 Surplus 21,190 + 9 + 2,714 Other capital accounts 2,706 + 497 + 1,257 Total capital 46,879 + 879 + 7,348 Note: Components may not sum to totals because of rounding. 1. Includes securities lent to dealers under the overnight and term securities lending facilities; refer to table 1A. 2. Face value of the securities. 3. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed securities. 4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the underlying mortgages. 5. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities. 6. Refer to table 7 and the note on consolidation accompanying table 10. 7. Refer to table 8 and the note on consolidation accompanying table 10. 8. Refer to table 4 and the note on consolidation accompanying table 10. 9. Refer to table 5 and the note on consolidation accompanying table 10. 10. Refer to table 6 and the note on consolidation accompanying table 10. 11. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the foreign central bank. 12. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates. 13. Cash value of agreements, which are collateralized by U.S. Treasury securities. 14. Includes the liabilities of Commercial Paper Funding Facility LLC, the LLCs funded through the Money Market Investor Funding Facility, Maiden Lane LLC, Maiden Lane II LLC, and Maiden Lane III LLC to entities other than the Federal Reserve Bank of New York, including liabilities that have recourse only to the portfolio holdings of these LLCs. Refer to table 4 through table 8 and the note on consolidation accompanying table 10. 10. Statement of Condition of Each Federal Reserve Bank, April 29, 2009 Millions of dollars Kansas San Assets, liabilities, and capital Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas Francisco Assets Gold certificate account 11,037 412 3,895 450 467 882 1,356 911 329 197 335 621 1,182 Special drawing rights certificate acct. 2,200 115 874 83 104 147 166 212 71 30 66 98 234 Coin 1,879 70 84 159 150 252 214 233 40 65 135 180 297 Securities, repurchase agreements, term auction credit, and other loans 1,488,462 37,389 707,861 39,516 46,339 116,361 124,268 114,453 42,480 17,287 46,664 51,841 144,002 Securities held outright 983,358 18,864 384,370 15,256 38,851 35,437 118,481 106,410 38,524 16,280 44,388 47,547 118,950 U.S. Treasury securities (1) 549,046 10,532 214,609 8,518 21,692 19,786 66,152 59,413 21,510 9,090 24,783 26,547 66,414 Bills (2) 18,423 353 7,201 286 728 664 2,220 1,994 722 305 832 891 2,228 Notes and bonds (3) 530,624 10,179 207,408 8,232 20,964 19,122 63,933 57,419 20,788 8,785 23,952 25,656 64,186 Federal agency debt securities (2) 68,158 1,307 26,641 1,057 2,693 2,456 8,212 7,375 2,670 1,128 3,077 3,296 8,245 Mortgage-backed securities (4) 366,153 7,024 143,120 5,681 14,466 13,195 44,116 39,622 14,344 6,062 16,528 17,704 44,291 Repurchase agreements (5) 0 0 0 0 0 0 0 0 0 0 0 0 0 Term auction credit 403,573 14,622 231,813 24,056 7,488 80,031 5,523 5,969 3,764 738 2,260 3,988 23,323 Other loans 101,531 3,904 91,678 205 0 893 264 2,074 192 269 17 306 1,729 Net portfolio holdings of Commercial Paper Funding Facility LLC (6) 181,795 0 181,795 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) 26,502 0 26,502 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of Maiden Lane II LLC (9) 18,328 0 18,328 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of Maiden Lane III LLC (10) 27,449 0 27,449 0 0 0 0 0 0 0 0 0 0 Items in process of collection 1,123 29 0 152 146 63 310 65 54 57 24 85 136 Bank premises 2,204 122 222 67 147 234 222 209 134 112 272 249 213 Central bank liquidity swaps (11) 249,513 10,261 61,512 28,137 18,864 72,682 19,588 8,550 2,548 3,942 2,527 3,293 17,608 Other assets (12) 58,075 1,647 19,663 3,230 3,107 8,205 5,886 4,389 1,570 948 1,762 1,959 5,710 Interdistrict settlement account 0 + 31,297 - 22,094 - 11,956 - 3,638 + 31,064 - 1,530 - 26,212 - 12,735 - 854 - 4,124 + 996 + 19,786 Total assets 2,068,568 81,343 1,026,093 59,837 65,686 229,890 150,480 102,810 34,491 21,785 47,663 59,323 189,168 Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table. 10. Statement of Condition of Each Federal Reserve Bank, April 29, 2009 (continued) Millions of dollars Kansas San Assets, liabilities, and capital Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas Francisco Liabilities Federal Reserve notes outstanding 1,049,016 36,901 372,570 40,006 45,254 78,577 134,024 87,420 30,948 20,057 29,009 63,266 110,984 Less: Notes held by F.R. Banks 185,929 4,939 59,699 4,940 7,608 12,458 28,905 12,950 3,986 2,981 3,432 18,807 25,224 Federal Reserve notes, net 863,086 31,961 312,871 35,066 37,646 66,119 105,119 74,471 26,962 17,076 25,577 44,459 85,761 Reverse repurchase agreements (13) 67,284 1,291 26,300 1,044 2,658 2,425 8,107 7,281 2,636 1,114 3,037 3,253 8,139 Deposits 1,078,143 46,009 666,451 18,110 21,519 147,949 33,120 18,716 4,176 2,102 18,326 10,609 91,056 Depository institutions 812,930 45,991 401,472 18,105 21,515 147,758 33,117 18,714 4,171 2,101 18,324 10,608 91,053 U.S. Treasury, general account 62,810 0 62,810 0 0 0 0 0 0 0 0 0 0 U.S. Treasury, supplementary financing account 199,929 0 199,929 0 0 0 0 0 0 0 0 0 0 Foreign official 1,967 2 1,938 4 3 11 3 1 0 1 0 1 3 Other 506 17 301 0 1 180 0 1 5 0 1 0 0 Deferred availability cash items 3,468 94 0 629 429 119 292 360 78 469 139 218 640 Other liabilities and accrued dividends (14) 9,709 135 7,085 169 198 463 407 321 159 110 136 184 342 Total liabilities 2,021,689 79,490 1,012,707 55,017 62,451 217,075 147,046 101,149 34,010 20,870 47,215 58,723 185,938 Capital Capital paid in 22,983 912 6,364 2,379 1,589 6,503 1,663 795 240 487 208 279 1,566 Surplus 21,190 844 5,720 2,316 1,552 5,981 1,612 704 210 324 208 271 1,449 Other capital 2,706 97 1,302 125 95 331 159 163 32 104 32 50 215 Total liabilities and capital 2,068,568 81,343 1,026,093 59,837 65,686 229,890 150,480 102,810 34,491 21,785 47,663 59,323 189,168 Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table. 10. Statement of Condition of Each Federal Reserve Bank, April 29, 2009 (continued) 1. Includes securities lent to dealers under the overnight and term securities lending facilities; refer to table 1A. 2. Face value of the securities. 3. Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face value of such securities. 4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the underlying mortgages. 5. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities. 6. Refer to table 7 and the note on consolidation below. 7. Refer to table 8 and the note on consolidation below. 8. Refer to table 4 and the note on consolidation below. 9. Refer to table 5 and the note on consolidation below. 10. Refer to table 6 and the note on consolidation below. 11. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the foreign central bank. 12. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates. 13. Cash value of agreements, which are collateralized by U.S. Treasury securities. 14. Includes the liabilities of Commercial Paper Funding Facility LLC, the LLCs funded through the Money Market Investor Funding Facility, Maiden Lane LLC, Maiden Lane II LLC, and Maiden Lane III LLC to entities other than the Federal Reserve Bank of New York, including liabilities that have recourse only to the portfolio holdings of these LLCs. Refer to table 4 through table 8 and the note on consolidation below. Note on consolidation: The Federal Reserve Bank of New York (FRBNY) has extended loans to several limited liability companies under the authority of section 13(3) of the Federal Reserve Act. On June 26, 2008, a loan was extended to Maiden Lane LLC, which was formed to acquire certain assets of Bear Stearns. On October 27, 2008, the FRBNY began extending loans to Commercial Paper Funding Facility LLC, which was formed to purchase three-month U.S. dollar-denominated commercial paper from eligible issuers. On October 21, 2008, the Federal Reserve Board authorized the FRBNY to extend credit to a series of LLCs funded through the Money Market Investor Funding Facility. These LLCs, which became operational on November 24, 2008, were established to purchase short-term U.S. dollar-denominated certificates of deposit, bank notes, and commercial paper from eligible issuers. On November 25, 2008, a loan was extended to Maiden Lane III LLC, which was formed to purchase multi-sector collateralized debt obligations on which the Financial Products group of the American International Group, Inc. has written credit default swap contracts. On December 12, 2008, a loan was extended to Maiden Lane II LLC, which was formed to purchase residential mortgage-backed securities from the U.S. securities lending reinvestment portfolio of subsidiaries of American International Group, Inc. The FRBNY is the sole beneficiary of Commercial Paper Funding Facility LLC and the primary beneficiary of the other LLCs cited above. Consistent with generally accepted accounting principles, the assets and liabilities of these LLCs have been consolidated with the assets and liabilities of the FRBNY in the preparation of the statements of condition shown on this release. As a consequence of the consolidation, the extensions of credit from the FRBNY to the LLCs are eliminated, the net assets of the LLCs appear as assets on the previous page (and in table 1 and table 9), and the liabilities of the LLCs to entities other than the FRBNY, including those with recourse only to the portfolio holdings of the LLCs, are included in other liabilities in this table (and table 1 and table 9). 11. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts Millions of dollars Federal Reserve notes and collateral Wednesday Apr 29, 2009 Federal Reserve notes outstanding 1,049,016 Less: Notes held by F.R. Banks not subject to collateralization 185,929 Federal Reserve notes to be collateralized 863,086 Collateral held against Federal Reserve notes 863,086 Gold certificate account 11,037 Special drawing rights certificate account 2,200 U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 849,850 Other assets pledged 0 Memo: Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 983,358 Less: Face value of securities under reverse repurchase agreements 64,738 U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 918,620 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.