FEDERAL RESERVE statistical release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks September 3, 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 Sep 2, 2009 Aug 26, 2009 Sep 3, 2008 Sep 2, 2009 Reserve Bank credit 2,063,305 + 14,442 +1,168,894 2,068,702 Securities held outright (1) 1,490,628 + 11,686 +1,010,927 1,497,431 U.S. Treasury securities 748,031 + 7,543 + 268,330 752,841 Bills (2) 18,423 0 - 3,317 18,423 Notes and bonds, nominal (2) 679,275 + 7,453 + 267,544 684,075 Notes and bonds, inflation-indexed (2) 44,588 0 + 4,756 44,588 Inflation compensation (3) 5,746 + 90 - 652 5,755 Federal agency debt securities (2) 118,226 + 4,037 + 118,226 119,337 Mortgage-backed securities (4) 624,371 + 107 + 624,371 625,253 Repurchase agreements (5) 0 0 - 115,893 0 Term auction credit 212,110 - 8,971 + 62,110 212,110 Other loans 109,216 + 3,228 + 90,146 108,562 Primary credit 32,659 + 2,678 + 13,683 31,859 Secondary credit 590 - 34 + 590 578 Seasonal credit 113 - 10 + 20 109 Primary dealer and other broker-dealer credit (6) 0 0 0 0 Asset-Backed Commercial Paper Money Market Mutual Fund Liquidity Facility 79 - 29 + 79 79 Credit extended to American International Group, Inc., net (7) 38,807 - 503 + 38,807 38,792 Term Asset-Backed Securities Loan Facility 36,969 + 1,127 + 36,969 37,144 Other credit extensions 0 0 0 0 Net portfolio holdings of Commercial Paper Funding Facility LLC (8) 48,155 - 3,931 + 48,155 47,663 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) 26,035 + 48 - 3,218 26,079 Net portfolio holdings of Maiden Lane II LLC (11) 14,944 + 89 + 14,944 14,947 Net portfolio holdings of Maiden Lane III LLC (12) 20,897 + 20 + 20,897 20,935 Float -2,032 - 390 - 549 -2,246 Central bank liquidity swaps (13) 63,287 + 3,077 + 1,287 63,287 Other Federal Reserve assets (14) 80,064 + 9,585 + 40,086 79,935 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding (15) 42,485 + 14 + 3,810 42,473 Total factors supplying reserve funds 2,119,031 + 14,457 +1,172,703 2,124,416 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 Sep 2, 2009 Aug 26, 2009 Sep 3, 2008 Sep 2, 2009 Currency in circulation (15) 910,447 + 510 + 75,256 913,119 Reverse repurchase agreements (16) 69,425 + 2,118 + 26,545 68,703 Foreign official and international accounts 69,425 + 2,118 + 26,545 68,703 Dealers 0 0 0 0 Treasury cash holdings 255 - 18 - 26 255 Deposits with F.R. Banks, other than reserve balances 242,415 + 7,931 + 230,176 265,406 U.S. Treasury, general account 35,581 + 9,308 + 30,835 58,716 U.S. Treasury, supplementary financing account 199,932 0 + 199,932 199,932 Foreign official 2,503 - 833 + 2,403 2,380 Service-related 4,077 - 540 - 3,009 4,077 Required clearing balances 4,077 - 538 - 3,009 4,077 Adjustments to compensate for float 0 - 2 0 0 Other 322 - 4 + 15 300 Other liabilities and capital (17) 59,348 - 108 + 14,482 58,734 Total factors, other than reserve balances, absorbing reserve funds 1,281,890 + 10,433 + 346,432 1,306,217 Reserve balances with Federal Reserve Banks 837,141 + 4,024 + 826,271 818,199 Note: Components may not sum to totals because of rounding. 1. Includes securities lent to dealers under the overnight and term securities lending facilities; refer to table 1A. 2. Face value of the securities. 3. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed securities. 4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the underlying mortgages. 5. Cash value of agreements. 6. Includes credit extended through the Primary Dealer Credit Facility and credit extended to certain other broker-dealers. 7. Includes outstanding principal and capitalized interest net of unamortized deferred commitment fees and allowance for loan restructuring. Excludes credit extended to consolidated LLCs. 8. Refer to table 7 and the note on consolidation accompanying table 10. 9. Refer to table 8 and the note on consolidation accompanying table 10. 10. Refer to table 4 and the note on consolidation accompanying table 10. 11. Refer to table 5 and the note on consolidation accompanying table 10. 12. Refer to table 6 and the note on consolidation accompanying table 10. 13. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the foreign central bank. 14. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates. 15. Estimated. 16. Cash value of agreements, which are collateralized by U.S. Treasury securities. 17. Includes the liabilities of Commercial Paper Funding Facility LLC, the LLCs funded through the Money Market Investor Funding Facility, Maiden Lane LLC, Maiden Lane II LLC, and Maiden Lane III LLC to entities other than the Federal Reserve Bank of New York, including liabilities that have recourse only to the portfolio holdings of these LLCs. Refer to table 4 through table 8 and the note on consolidation accompanying table 10. Sources: Federal Reserve Banks and the U.S. Department of the Treasury. 1A. Memorandum Items Millions of dollars Averages of daily figures Memorandum item Week ended Change from week ended Wednesday Sep 2, 2009 Aug 26, 2009 Sep 3, 2008 Sep 2, 2009 Marketable securities held in custody for foreign official and international accounts (1) 2,828,522 + 3,900 + 424,698 2,831,763 U.S. Treasury securities 2,049,105 + 5,902 + 611,141 2,052,208 Federal agency securities (2) 779,417 - 2,002 - 186,443 779,555 Securities lent to dealers 11,866 - 1,702 - 114,231 13,874 Overnight facility (3) 11,866 - 1,702 + 1,874 13,874 U.S. Treasury securities 11,675 - 1,700 + 1,683 13,681 Federal agency debt securities 192 - 1 + 192 193 Term facility (4) 0 0 - 116,105 0 Note: Components may not sum to totals because of rounding. 1. Face value of the securities. Includes U.S. Treasury STRIPS, other zero-coupon bonds, and mortgage-backed securities at face value. 2. Includes debt and mortgage-backed securities. 3. Fully collateralized by U.S. Treasury securities. 4. U.S. Treasury securities only. Fully collateralized by U.S. Treasury securities, federal agency securities, and other highly rated debt securities. 2. Maturity Distribution of Term Auction Credit, Other Loans, and Securities, September 2, 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 47,998 164,112 --- --- --- --- 212,110 Other loans (1) 26,099 6,526 0 75,936 0 --- 108,562 U.S. Treasury securities (2) Holdings 12,633 25,006 58,046 317,933 201,095 138,128 752,841 Weekly changes - 6,652 + 6,915 - 868 + 5,386 + 857 + 2,324 + 7,963 Federal agency debt securities (3) Holdings 750 0 15,630 75,697 25,243 2,017 119,337 Weekly changes + 750 - 750 0 0 + 1,799 + 146 + 1,945 Mortgage-backed securities (4) Holdings 0 0 0 0 0 625,253 625,253 Weekly changes 0 0 0 0 0 + 2,389 + 2,389 Commercial paper held by Commercial Paper Funding Facility LLC (5) 5,784 37,502 0 --- --- --- 43,285 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) 47,045 16,242 0 0 0 0 63,287 Reverse repurchase agreements (7) 68,703 0 --- --- --- --- 68,703 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 Sep 2, 2009 Mortgage-backed securities held outright (1) 625,253 Commitments to buy mortgage-backed securities (2) 164,741 Commitments to sell mortgage-backed securities (2) 0 Cash and cash equivalents (3) 141 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 Sep 2, 2009 Net portfolio holdings of Maiden Lane LLC (1) 26,079 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) 365 Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3) 1,228 1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of June 30, 2009. Any assets purchased after this valuation date are initially recorded at cost until their estimated fair value as of the purchase date becomes available. 2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 10. 3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 9 and table 10. Note: On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended credit to Maiden Lane LLC under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to acquire certain assets of Bear Stearns and to manage those assets through time to maximize repayment of the credit extended and to minimize disruption to financial markets. Payments by Maiden Lane LLC from the proceeds of the net portfolio holdings will be made in the following order: operating expenses of the LLC, principal due to the FRBNY, interest due to the FRBNY, principal due to JPMorgan Chase & Co., and interest due to JPMorgan Chase & Co. Any remaining funds will be paid to the FRBNY. 5. Information on Principal Accounts of Maiden Lane II LLC Millions of dollars Wednesday Account name Sep 2, 2009 Net portfolio holdings of Maiden Lane II LLC (1) 14,947 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 16,899 Accrued interest payable to the Federal Reserve Bank of New York (2) 199 Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc. (3) 1,026 1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of June 30, 2009. Any assets purchased after this valuation date are initially recorded at cost until their estimated fair value as of the purchase date becomes available. 2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 10. 3. Book value. The deferred payment represents the portion of the proceeds of the net portfolio holdings due to subsidiaries of American International Group, Inc. in accordance with the asset purchase agreement. The fair value of this payment and accrued interest payable are included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 9 and table 10. Note: On December 12, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden Lane II LLC under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to purchase residential mortgage-backed securities from the U.S. securities lending reinvestment portfolio of subsidiaries of American International Group, Inc. (AIG subsidiaries). Payments by Maiden Lane II LLC from the proceeds of the net portfolio holdings will be made in the following order: operating expenses of Maiden Lane II LLC, principal due to the FRBNY, interest due to the FRBNY, and deferred payment and interest due to AIG subsidiaries. Any remaining funds will be shared by the FRBNY and AIG subsidiaries. 6. Information on Principal Accounts of Maiden Lane III LLC Millions of dollars Wednesday Account name Sep 2, 2009 Net portfolio holdings of Maiden Lane III LLC (1) 20,935 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 20,196 Accrued interest payable to the Federal Reserve Bank of New York (2) 262 Outstanding principal amount and accrued interest on loan payable to American International Group, Inc. (3) 5,138 1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of June 30, 2009. Any assets purchased after this valuation date are initially recorded at cost until their estimated fair value as of the purchase date becomes available. 2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 10. 3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 9 and table 10. Note: On November 25, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden Lane III LLC under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to purchase multi-sector collateralized debt obligations (CDOs) on which the Financial Products group of American International Group, Inc. (AIG) has written credit default swap (CDS) contracts. In connection with the purchase of CDOs, the CDS counterparties will concurrently unwind the related CDS transactions. Payments by Maiden Lane III LLC from the proceeds of the net portfolio holdings will be made in the following order: operating expenses of Maiden Lane III LLC, principal due to the FRBNY, interest due to the FRBNY, principal due to AIG, and interest due to AIG. Any remaining funds will be shared by the FRBNY and AIG. 7. Information on Principal Accounts of Commercial Paper Funding Facility LLC Millions of dollars Wednesday Account name Sep 2, 2009 Commercial paper holdings, net (1) 43,112 Other investments, net 4,552 Net portfolio holdings of Commercial Paper Funding Facility LLC 47,663 Memorandum: Commercial paper holdings, face value 43,285 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 42,999 Accrued interest payable to the Federal Reserve Bank of New York (2) 13 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 Sep 2, 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 Sep 2, 2009 Aug 26, 2009 Sep 3, 2008 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 2,200 0 0 Coin 1,916 + 1 + 502 Securities, repurchase agreements, term auction credit, and other loans 1,818,103 + 6,046 +1,060,288 Securities held outright (1) 1,497,431 + 12,297 +1,017,705 U.S. Treasury securities 752,841 + 7,963 + 273,115 Bills (2) 18,423 0 - 3,317 Notes and bonds, nominal (2) 684,075 + 7,899 + 272,344 Notes and bonds, inflation-indexed (2) 44,588 0 + 4,756 Inflation compensation (3) 5,755 + 64 - 668 Federal agency debt securities (2) 119,337 + 1,945 + 119,337 Mortgage-backed securities (4) 625,253 + 2,389 + 625,253 Repurchase agreements (5) 0 0 - 109,000 Term auction credit 212,110 - 8,971 + 62,110 Other loans 108,562 + 2,720 + 89,473 Net portfolio holdings of Commercial Paper Funding Facility LLC (6) 47,663 - 1,334 + 47,663 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) 26,079 + 65 - 3,208 Net portfolio holdings of Maiden Lane II LLC (9) 14,947 + 4 + 14,947 Net portfolio holdings of Maiden Lane III LLC (10) 20,935 + 47 + 20,935 Items in process of collection (306) 620 + 171 - 2,746 Bank premises 2,214 - 5 + 52 Central bank liquidity swaps (11) 63,287 + 3,077 + 1,287 Other assets (12) 77,777 + 553 + 40,320 Total assets (306) 2,086,777 + 8,624 +1,180,039 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 Sep 2, 2009 Aug 26, 2009 Sep 3, 2008 Liabilities Federal Reserve notes, net of F.R. Bank holdings 872,813 + 2,404 + 73,094 Reverse repurchase agreements (13) 68,703 + 574 + 26,947 Deposits (0) 1,083,662 + 5,218 +1,066,703 Depository institutions 822,333 - 39,622 + 811,397 U.S. Treasury, general account 58,716 + 45,888 + 53,110 U.S. Treasury, supplementary financing account 199,932 0 + 199,932 Foreign official 2,380 - 1,028 + 2,280 Other (0) 300 - 21 - 17 Deferred availability cash items (306) 2,866 + 520 - 863 Other liabilities and accrued dividends (14) 7,904 - 352 + 4,132 Total liabilities (306) 2,035,947 + 8,362 +1,170,012 Capital accounts Capital paid in 24,781 - 1 + 4,590 Surplus 21,340 + 9 + 2,829 Other capital accounts 4,710 + 255 + 2,610 Total capital 50,830 + 262 + 10,027 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, September 2, 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 1,916 61 74 160 153 249 238 236 37 59 135 203 311 Securities, repurchase agreements, term auction credit, and other loans 1,818,103 36,508 863,019 30,612 63,238 56,575 182,094 166,485 60,669 25,319 69,551 74,412 189,620 Securities held outright (1) 1,497,431 28,725 585,309 23,231 59,161 53,963 180,420 162,038 58,664 24,791 67,593 72,403 181,134 U.S. Treasury securities 752,841 14,442 294,267 11,680 29,743 27,130 90,707 81,466 29,493 12,464 33,983 36,401 91,066 Bills (2) 18,423 353 7,201 286 728 664 2,220 1,994 722 305 832 891 2,228 Notes and bonds (3) 734,418 14,088 287,066 11,394 29,015 26,466 88,487 79,472 28,772 12,159 33,151 35,510 88,838 Federal agency debt securities (2) 119,337 2,289 46,646 1,851 4,715 4,301 14,378 12,914 4,675 1,976 5,387 5,770 14,435 Mortgage-backed securities (4) 625,253 11,994 244,396 9,700 24,703 22,532 75,334 67,659 24,495 10,351 28,223 30,232 75,633 Repurchase agreements (5) 0 0 0 0 0 0 0 0 0 0 0 0 0 Term auction credit 212,110 7,557 172,043 7,334 4,078 2,477 1,360 3,348 1,918 374 1,953 1,992 7,677 Other loans 108,562 226 105,666 47 0 136 314 1,100 87 154 6 17 808 Net portfolio holdings of Commercial Paper Funding Facility LLC (6) 47,663 0 47,663 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) 26,079 0 26,079 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of Maiden Lane II LLC (9) 14,947 0 14,947 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of Maiden Lane III LLC (10) 20,935 0 20,935 0 0 0 0 0 0 0 0 0 0 Items in process of collection 926 41 0 127 101 51 360 80 23 -41 67 62 54 Bank premises 2,214 121 236 68 146 239 222 206 134 111 269 250 212 Central bank liquidity swaps (11) 63,287 2,543 16,694 6,973 4,675 18,013 4,855 2,119 632 977 626 816 4,364 Other assets (12) 77,777 2,041 27,262 3,719 3,916 9,189 8,193 6,424 2,292 1,271 2,602 2,855 8,012 Interdistrict settlement account 0 + 6,775 + 23,462 + 15,239 - 12,759 + 184,759 - 45,342 - 66,006 - 27,784 - 4,984 - 26,996 - 13,426 - 32,938 Total assets 2,087,083 48,617 1,045,139 57,432 60,040 270,104 152,142 110,667 36,403 22,940 46,656 65,892 171,051 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, September 2, 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 1,059,867 35,418 386,458 39,556 44,784 82,609 131,379 85,589 30,976 19,645 28,748 63,148 111,556 Less: Notes held by F.R. Banks 187,054 4,663 59,238 6,999 9,022 12,427 26,360 13,556 4,531 3,244 3,460 17,382 26,172 Federal Reserve notes, net 872,813 30,755 327,220 32,557 35,762 70,182 105,019 72,033 26,445 16,401 25,288 45,767 85,384 Reverse repurchase agreements (13) 68,703 1,318 26,854 1,066 2,714 2,476 8,278 7,434 2,692 1,137 3,101 3,322 8,310 Deposits 1,083,662 14,433 671,409 18,003 17,617 183,053 34,507 28,708 6,472 3,625 17,385 15,719 72,731 Depository institutions 822,333 14,431 410,216 17,998 17,614 182,958 34,504 28,699 6,464 3,625 17,384 15,718 72,722 U.S. Treasury, general account 58,716 0 58,716 0 0 0 0 0 0 0 0 0 0 U.S. Treasury, supplementary financing account 199,932 0 199,932 0 0 0 0 0 0 0 0 0 0 Foreign official 2,380 2 2,351 4 3 11 3 1 0 1 0 1 3 Other 300 1 194 0 0 84 0 7 7 0 1 0 6 Deferred availability cash items 3,172 94 1 406 424 120 442 292 54 278 210 230 622 Other liabilities and accrued dividends (14) 7,904 156 4,434 171 247 482 572 491 226 132 207 263 523 Total liabilities 2,036,253 46,755 1,029,919 52,202 56,764 256,313 148,819 108,958 35,887 21,574 46,191 65,300 167,570 Capital Capital paid in 24,781 921 7,292 2,604 1,613 6,892 1,556 797 237 711 209 274 1,675 Surplus 21,340 844 5,868 2,316 1,552 5,982 1,612 704 209 324 207 271 1,450 Other capital 4,710 96 2,060 310 111 916 156 209 69 330 48 47 356 Total liabilities and capital 2,087,083 48,617 1,045,139 57,432 60,040 270,104 152,142 110,667 36,403 22,940 46,656 65,892 171,051 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, September 2, 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 Sep 2, 2009 Federal Reserve notes outstanding 1,059,867 Less: Notes held by F.R. Banks not subject to collateralization 187,054 Federal Reserve notes to be collateralized 872,813 Collateral held against Federal Reserve notes 872,813 Gold certificate account 11,037 Special drawing rights certificate account 2,200 U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 859,576 Other assets pledged 0 Memo: Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 1,497,431 Less: Face value of securities under reverse repurchase agreements 66,900 U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 1,430,531 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.