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Release Date:  September 24, 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
September 24, 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
Sep 23, 2009
Week ended
Sep 23, 2009
Change from week ended
Sep 16, 2009 Sep 24, 2008
                                                              
Reserve Bank credit                                       2,132,612    +   44,058    +  998,352     2,141,055 
  Securities held outright (1)                            1,578,868    +   46,121    +1,098,596     1,588,434 
    U.S. Treasury securities                                762,747    +    4,694    +  286,190       765,633 
      Bills (2)                                              18,423             0             0        18,423 
      Notes and bonds, nominal (2)                          694,030    +    4,712    +  282,299       696,923 
      Notes and bonds, inflation-indexed (2)                 44,588             0    +    4,756        44,588 
      Inflation compensation (3)                              5,706    -       19    -      866         5,699 
    Federal agency debt securities (2)                      126,893    +    2,901    +  123,179       129,206 
    Mortgage-backed securities (4)                          689,228    +   38,526    +  689,228       693,595 
  Repurchase agreements (5)                                       0             0    -  111,714             0 
  Term auction credit                                       196,020             0    +   46,020       196,020 
  Other loans                                               111,069    -      421    -   76,684       109,981 
    Primary credit                                           28,186    -      495    -   11,171        28,505 
    Secondary credit                                            577    +       16    +      558           583 
    Seasonal credit                                            121   +        8   +       26          125 
    Primary dealer and other broker-dealer credit (6)             0             0    -   88,147             0 
    Asset-Backed Commercial Paper Money Market                
      Mutual Fund Liquidity Facility                             79             0    -   21,681            79 
    Credit extended to American International                 
      Group, Inc., net (7)                                   39,110    -      318    +      735        38,810 
    Term Asset-Backed Securities Loan Facility               42,996    +      367    +   42,996        41,879 
    Other credit extensions                                       0             0             0             0 
  Net portfolio holdings of Commercial Paper                  
    Funding Facility LLC (8)                                 42,820    -    1,959    +   42,820        42,438 
  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)             26,152    +       38    -    3,221        26,189 
  Net portfolio holdings of Maiden Lane II LLC (11)          14,651    +       12    +   14,651        14,662 
  Net portfolio holdings of Maiden Lane III LLC (12)         20,546    +       30    +   20,546        20,554 
  Float                                                      -1,752    +      305    -      694        -1,916 
  Central bank liquidity swaps (13)                          59,121    -    1,980    -   76,108        59,121 
  Other Federal Reserve assets (14)                          85,117    +    1,912    +   44,139        85,571 
Gold stock                                                   11,041             0             0        11,041 
Special drawing rights certificate account                    4,771    +    2,571    +    2,571         5,200 
Treasury currency outstanding (15)                           42,579    +       14    +    3,904        42,579 
                                                              
Total factors supplying reserve funds                     2,191,003    +   46,643    +1,004,827     2,199,875 
 

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
Sep 23, 2009
Week ended
Sep 23, 2009
Change from week ended
Sep 16, 2009 Sep 24, 2008
                                                              
Currency in circulation (15)                                912,084    -    2,362    +   78,283       912,652 
Reverse repurchase agreements (16)                           69,036    +    2,085    +    9,246        70,803 
  Foreign official and international accounts                69,036    +    2,085    +   12,817        70,803 
  Dealers                                                         0             0    -    3,571             0 
Treasury cash holdings                                          279    +       13    +       17           287 
Deposits with F.R. Banks, other than reserve balances       259,931    +   24,958    +  117,887       257,390 
  U.S. Treasury, general account                             53,301    +   27,955    +   48,213        50,907 
  U.S. Treasury, supplementary financing account            199,932             0    +   82,886       199,932 
  Foreign official                                            2,451    +       93    +    2,332         2,371 
  Service-related                                             3,858    -        8    -    3,506         3,858 
    Required clearing balances                                3,858    -        8    -    3,506         3,858 
    Adjustments to compensate for float                           0             0             0             0 
  Other                                                         389    -    3,081    -   12,038           321 
Other liabilities and capital (17)                           60,293    +      197    +   14,515        59,530 
                                                              
Total factors, other than reserve balances,                                                       
   absorbing reserve funds                                1,301,623    +   24,892    +  219,949     1,300,663 
                                                              
Reserve balances with Federal Reserve Banks                 889,380    +   21,752    +  784,878       899,213 
                                                                
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

Memorandum item
Averages of daily figures Wednesday
Sep 23, 2009
Week ended
Sep 23, 2009
Change from week ended
Sep 16, 2009 Sep 24, 2008
                                                              
Marketable securities held in custody for foreign             
      official and international accounts (1)             2,854,357    +   11,556    +  432,462     2,855,524 
  U.S. Treasury securities                                2,083,719    +   14,925    +  625,626     2,085,180 
  Federal agency securities (2)                             770,638    -    3,369    -  193,164       770,343 
Securities lent to dealers                                   11,504    +    1,621    -  193,444         9,250 
  Overnight facility (3)                                     11,504    +    1,621    -    7,808         9,250 
    U.S. Treasury securities                                 11,289    +    1,640    -    8,023         9,024 
    Federal agency debt securities                              215    -       19    +      215           226 
  Term facility (4)                                               0             0    -  185,636             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 23, 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                   121,172       74,849         ---            ---          ---         ---       196,020
Other loans (1)                        19,409        9,882            0        80,690            0         ---       109,981
U.S. Treasury securities (2)                    
  Holdings                             17,988       19,900       58,515       322,425      206,625     140,180       765,633
  Weekly changes                   +    3,867   -    3,867   +       38    +    5,254   +      546  -        8    +    5,830
Federal agency debt securities (3)                        
  Holdings                                  0           30       17,997        83,000       26,162       2,017       129,206
  Weekly changes                            0            0   +      414    +    3,633            0           0    +    4,047
Mortgage-backed securities (4)                            
  Holdings                                  0            0            0             0            0     693,595       693,595
  Weekly changes                            0            0            0             0            0  +    8,539    +    8,539
Commercial paper held by                        
  Commercial Paper Funding                      
  Facility LLC (5)                      1,156       36,815            0           ---          ---         ---        37,971
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)       49,204        9,917            0             0            0           0        59,121
                                                
Reverse repurchase agreements (7)      70,803            0          ---           ---          ---         ---        70,803
  
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
Account name Wednesday
Sep 23, 2009
                                                                                                
Mortgage-backed securities held outright (1)                                                       693,595    
                                                                                                
Commitments to buy mortgage-backed securities (2)                                                  165,122    
Commitments to sell mortgage-backed securities (2)                                                   2,650    
                                                                                                
Cash and cash equivalents (3)                                                                          233    
 

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
Account name Wednesday
Sep 23, 2009
                                                                                                
Net portfolio holdings of Maiden Lane LLC (1)                                                       26,189    
                                                                                                
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)                                   373    
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3)        1,231    
 
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
Account name Wednesday
Sep 23, 2009
                                                                                                
Net portfolio holdings of Maiden Lane II LLC (1)                                                     14,662   
                                                                                                
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)            16,587   
Accrued interest payable to the Federal Reserve Bank of New York (2)                                    211   
Deferred payment and accrued interest payable to subsidiaries of American International         
  Group, Inc. (3)                                                                                     1,028   
 

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
Account name Wednesday
Sep 23, 2009
                                                                                                
Net portfolio holdings of Maiden Lane III LLC (1)                                                    20,554   
                                                                                                
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)            19,574   
Accrued interest payable to the Federal Reserve Bank of New York (2)                                    276   
Outstanding principal amount and accrued interest on loan payable to American International     
  Group, Inc. (3)                                                                                     5,148   
 

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
Account name Wednesday
Sep 23, 2009
                                                                                                
Commercial paper holdings, net (1)                                                                   37,859   
Other investments, net                                                                                4,579   
Net portfolio holdings of Commercial Paper Funding Facility LLC                                      42,438   
                                                                                                
Memorandum: Commercial paper holdings, face value                                                    37,971   
                                                                                                
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)            37,720   
Accrued interest payable to the Federal Reserve Bank of New York (2)                                     15   
 

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
Account name Wednesday
Sep 23, 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
Assets, liabilities, and capital Eliminations
from
consolidation
  Change since
Wednesday
Sep 23, 2009
Wednesday
Sep 16, 2009
Wednesday
Sep 24, 2008
Assets                                                   
Gold certificate account                                           11,037                0                   0
Special drawing rights certificate account                          5,200       +    3,000          +    3,000
Coin                                                                1,961       +       24          +      467
Securities, repurchase agreements, term auction          
      credit, and other loans                                   1,894,435       +   16,518          +  909,515
  Securities held outright (1)                                  1,588,434       +   18,416          +1,101,856
    U.S. Treasury securities                                      765,633       +    5,830          +  289,055
      Bills (2)                                                    18,423                0                   0
      Notes and bonds, nominal (2)                                696,923       +    5,849          +  285,192
      Notes and bonds, inflation-indexed (2)                       44,588                0          +    4,756
      Inflation compensation (3)                                    5,699       -       19          -      894
    Federal agency debt securities (2)                            129,206       +    4,047          +  119,206
    Mortgage-backed securities (4)                                693,595       +    8,539          +  693,595
  Repurchase agreements (5)                                             0                0          -   86,000
  Term auction credit                                             196,020                0          +   46,020
  Other loans                                                     109,981       -    1,898          -  152,360
Net portfolio holdings of Commercial Paper               
  Funding Facility LLC (6)                                         42,438       -      536          +   42,438
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)                      26,189       +       43          -    3,218
Net portfolio holdings of Maiden Lane II LLC (9)                   14,662       +       13          +   14,662
Net portfolio holdings of                                
  Maiden Lane III LLC (10)                                         20,554       +        9          +   20,554
Items in process of collection                         (268)          620       +      407          -      348
Bank premises                                                       2,223       +        5          +       54
Central bank liquidity swaps (11)                                  59,121       -    1,980          -   82,779
Other assets (12)                                                  83,322       +    1,356          +   44,093
                                                         
      Total assets                                     (268)    2,161,763       +   18,860          +  948,440
 

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
Assets, liabilities, and capital Eliminations
from
consolidation
  Change since
Wednesday
Sep 23, 2009
Wednesday
Sep 16, 2009
Wednesday
Sep 24, 2008
Liabilities                                              
Federal Reserve notes, net of F.R. Bank holdings                  872,318       -    1,622          +   72,896
Reverse repurchase agreements (13)                                 70,803       +    1,869          -   19,870
Deposits                                                 (0)    1,156,577       +   18,719          +  881,501
  Depository institutions                                         903,044       +   40,217          +  807,743
  U.S. Treasury, general account                                   50,907       -   21,492          +   45,732
  U.S. Treasury, supplementary financing account                  199,932                0          +   40,126
  Foreign official                                                  2,371       +        2          +    2,221
  Other                                                  (0)          321       -        9          -   14,323
Deferred availability cash items                       (268)        2,535       -       36          +      155
Other liabilities and accrued dividends (14)                        8,516       +      195          +    4,504
                                                         
      Total liabilities                                (268)    2,110,749       +   19,126          +  939,186
                                                         
Capital accounts                                         
Capital paid in                                                    24,878       +        3          +    4,642
Surplus                                                            21,364       +        8          +    2,848
Other capital accounts                                              4,771       -      278          +    1,763
                                                         
      Total capital                                                51,014       -      266          +    9,255
 

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 23, 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         412       3,895         450         467         882       1,356         911         329         197         335         621       1,182 
Special drawing rights certificate acct.       5,200         196       1,818         210         237         412         654         424         150          90         153         282         574 
Coin                                           1,961          61          75         165         143         270         241         246          36          60         133         211         319 
Securities, repurchase agreements, term                            
      auction credit, and other loans      1,894,435      38,260     887,284      32,154      66,760      59,501     192,850     176,215      64,251      26,842      73,490      76,942     199,889 
  Securities held outright (1)             1,588,434      30,471     620,880      24,643      62,756      57,242     191,384     171,886      62,229      26,297      71,701      76,803     192,142 
    U.S. Treasury securities                 765,633      14,687     299,267      11,878      30,249      27,591      92,248      82,850      29,995      12,675      34,560      37,019      92,614 
      Bills (2)                               18,423         353       7,201         286         728         664       2,220       1,994         722         305         832         891       2,228 
      Notes and bonds (3)                    747,211      14,334     292,066      11,592      29,521      26,927      90,029      80,856      29,273      12,370      33,728      36,129      90,385 
    Federal agency debt securities (2)       129,206       2,479      50,503       2,005       5,105       4,656      15,568      13,981       5,062       2,139       5,832       6,247      15,629 
    Mortgage-backed securities (4)           693,595      13,305     271,109      10,760      27,403      24,995      83,569      75,054      27,172      11,483      31,308      33,536      83,900 
  Repurchase agreements (5)                        0           0           0           0           0           0           0           0           0           0           0           0           0 
  Term auction credit                        196,020       7,567     159,332       7,364       3,963       1,970       1,190       3,303       1,958         369       1,778         126       7,102 
  Other loans                                109,981         222     107,072         147          41         288         275       1,026          64         176          11          13         645 
Net portfolio holdings of Commercial                               
  Paper Funding Facility LLC (6)              42,438           0      42,438           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)                                     26,189           0      26,189           0           0           0           0           0           0           0           0           0           0 
Net portfolio holdings of Maiden                                   
  Lane II LLC (9)                             14,662           0      14,662           0           0           0           0           0           0           0           0           0           0 
Net portfolio holdings of Maiden                                   
  Lane III LLC (10)                           20,554           0      20,554           0           0           0           0           0           0           0           0           0           0 
Items in process of collection                   888          35           0          20         101          38          31          42          43          34          42         384         118 
Bank premises                                  2,223         121         239          69         146         239         222         207         134         111         269         253         212 
Central bank liquidity swaps (11)             59,121       2,413      14,916       6,616       4,436      17,090       4,606       2,010         599         927         594         774       4,140 
Other assets (12)                             83,322       2,166      29,432       3,760       4,162       9,556       8,823       6,975       2,494       1,365       2,830       3,104       8,655 
Interdistrict settlement account                   0   +  19,739   +  75,201   +  14,328   -  21,457   + 172,302   -  55,777   -  73,042   -  31,327   -   7,019   -  32,709   -  13,076   -  47,163 
                                                                   
      Total assets                         2,162,031      63,402   1,116,702      57,772      54,995     260,290     153,006     113,987      36,709      22,607      45,137      69,496     167,927 
 

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 23, 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           1,062,058      35,096     389,449      39,295      44,728      82,326     132,102      85,453      30,935      19,577      28,559      63,134     111,404 
  Less: Notes held by F.R. Banks              189,740       4,916      60,271       7,188       8,997      12,314      26,418      14,166       4,579       3,285       3,556      16,690      27,361 
    Federal Reserve notes, net                872,318      30,180     329,178      32,107      35,731      70,011     105,685      71,287      26,356      16,292      25,003      46,444      84,042 
Reverse repurchase agreements (13)             70,803       1,358      27,675       1,098       2,797       2,552       8,531       7,662       2,774       1,172       3,196       3,423       8,565 
Deposits                                    1,156,577      29,765     739,827      18,734      12,540     173,080      34,628      32,638       6,761       3,281      16,094      18,532      70,697 
  Depository institutions                     903,044      29,763     486,453      18,730      12,535     173,000      34,625      32,586       6,755       3,281      16,092      18,532      70,693 
  U.S. Treasury, general account               50,907           0      50,907           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                              2,371           2       2,342           4           3          11           3           1           0           1           0           1           3 
  Other                                           321           1         193           0           1          68           0          51           5           0           1           0           1 
Deferred availability cash items                2,804          73           0         426         398         102         261         211          70         293         160         218         591 
Other liabilities and accrued                                                 
  dividends (14)                                8,516         163       4,865         186         258         530         600         508         231         141         214         271         549 
                                                                    
      Total liabilities                     2,111,018      61,540   1,101,546      52,552      51,724     246,275     149,704     112,305      36,192      21,180      44,667      68,889     164,443 
                                                                    
Capital                                                             
Capital paid in                                24,878         921       7,294       2,603       1,613       7,002       1,556         777         237         711         209         280       1,675 
Surplus                                        21,364         844       5,893       2,316       1,551       5,982       1,612         704         209         324         207         271       1,450 
Other capital                                   4,771          96       1,969         301         107       1,032         135         201          72         392          54          55         359 
                                                                    
      Total liabilities and capital         2,162,031      63,402   1,116,702      57,772      54,995     260,290     153,006     113,987      36,709      22,607      45,137      69,496     167,927 
                              
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 23, 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 23, 2009
                                                                                            
Federal Reserve notes outstanding                                                              1,062,058 
  Less: Notes held by F.R. Banks not subject to collateralization                                189,740 
    Federal Reserve notes to be collateralized                                                   872,318 
Collateral held against Federal Reserve notes                                                    872,318 
  Gold certificate account                                                                        11,037 
  Special drawing rights certificate account                                                       5,200 
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                       856,081 
  Other assets pledged                                                                                 0 
                                                                                            
Memo:                                                                                       
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                         1,588,434 
  Less: Face value of securities under reverse repurchase agreements                              70,878 
    U.S. Treasury, agency debt, and mortgage-backed securities                              
    eligible to be pledged                                                                     1,517,556 
   
Note: Components may not sum to totals because of rounding.
 

1. Includes face value of U.S. Treasury, agency debt, and mortgage-backed securities held outright,
compensation to adjust for the effect of inflation on the original face value of inflation-indexed
securities, and cash value of repurchase agreements.
2. Includes securities lent to dealers under the overnight and term securities lending facilities; refer
to table 1A.

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