FEDERAL RESERVE statistical release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks February 12, 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 Feb 11, 2009 Feb 4, 2009 Feb 13, 2008 Feb 11, 2009 Reserve Bank credit 1,830,406 - 10,340 + 971,755 1,826,618 Securities held outright 514,118 + 2,678 - 199,254 514,396 U.S. Treasury securities (1) 474,910 - 124 - 238,462 474,869 Bills (2) 18,423 0 - 181,937 18,423 Notes and bonds, nominal (2) 412,914 0 - 57,096 412,914 Notes and bonds, inflation-indexed (2) 39,378 0 + 941 39,378 Inflation compensation (3) 4,197 - 123 - 368 4,155 Federal agency debt securities (2) 31,831 + 2,802 + 31,831 32,150 Mortgage-backed securities (4) 7,377 0 + 7,377 7,377 Repurchase agreements (5) 0 0 - 18,357 0 Term auction credit 412,883 0 + 352,883 412,883 Other loans 143,206 - 10,486 + 143,148 142,851 Primary credit 64,574 - 2,852 + 64,517 65,189 Secondary credit 35 + 30 + 35 2 Seasonal credit 4 + 2 + 3 4 Primary dealer and other broker-dealer credit (6) 25,805 - 4,459 + 25,805 26,122 Asset-backed Commercial Paper Money Market Mutual Fund Liquidity Facility 15,111 - 1,870 + 15,111 14,185 Credit extended to American International Group, Inc. (7) 37,677 - 1,336 + 37,677 37,350 Other credit extensions 0 0 0 0 Net portfolio holdings of Commercial Paper Funding Facility LLC (8) 256,153 - 3,162 + 256,153 251,206 Net portfolio holdings of LLCs funded through the Money Market Investor Funding Facility (9) 0 0 0 0 Net portfolio holdings of Maiden Lane LLC (10) 25,863 + 78 + 25,863 25,877 Net portfolio holdings of Maiden Lane II LLC (11) 18,674 - 291 + 18,674 18,630 Net portfolio holdings of Maiden Lane III LLC (12) 27,528 + 64 + 27,528 27,634 Float -2,308 - 512 - 1,281 -2,542 Central bank liquidity swaps (13) 389,671 + 880 + 365,671 390,829 Other Federal Reserve assets (14) 44,617 + 408 + 726 44,854 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding (15) 38,758 + 14 + 78 38,758 Total factors supplying reserve funds 1,882,405 - 10,326 + 971,833 1,878,617 Note: Components may not sum to totals because of rounding. Footnotes appear on the following page. 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 Feb 11, 2009 Feb 4, 2009 Feb 13, 2008 Feb 11, 2009 Currency in circulation (15) 889,602 + 4,055 + 75,828 892,585 Reverse repurchase agreements (16) 70,247 - 5,788 + 33,841 73,284 Foreign official and international accounts 70,247 - 5,788 + 33,841 73,284 Dealers 0 0 0 0 Treasury cash holdings 273 - 20 - 2 269 Deposits with F.R. Banks, other than reserve balances 269,116 + 49,255 + 256,579 266,695 U.S. Treasury, general account 36,506 - 5,411 + 31,190 20,266 U.S. Treasury, supplementary financing account 199,950 + 29,988 + 199,950 199,950 Foreign official 2,019 + 1,856 + 1,922 2,728 Service-related 4,432 + 1 - 2,379 4,432 Required clearing balances 4,432 + 1 - 2,379 4,432 Adjustments to compensate for float 0 0 0 0 Other 26,209 + 22,820 + 25,896 39,319 Other liabilities and capital (17) 49,774 + 667 + 7,791 50,077 Total factors, other than reserve balances, absorbing reserve funds 1,279,011 + 48,167 + 374,036 1,282,911 Reserve balances with Federal Reserve Banks 603,394 - 58,493 + 597,797 595,705 Note: Components may not sum to totals because of rounding. 1. Includes securities lent to dealers under the overnight and term securities lending facilities; refer to table 1A. 2. Face value of the securities. 3. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed securities. 4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the underlying mortgages. 5. Cash value of agreements. 6. Includes credit extended through the Primary Dealer Credit Facility and credit extended to certain other broker-dealers. 7. Excludes credit extended to consolidated LLCs. 8. Refer to table 6 and the note on consolidation accompanying table 9. 9. Refer to table 7 and the note on consolidation accompanying table 9. 10. Refer to table 3 and the note on consolidation accompanying table 9. 11. Refer to table 4 and the note on consolidation accompanying table 9. 12. Refer to table 5 and the note on consolidation accompanying table 9. 13. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the foreign central bank. 14. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates. 15. Estimated. 16. Cash value of agreements, which are collateralized by U.S. Treasury securities. 17. Includes the liabilities of Commercial Paper Funding Facility LLC, the LLCs funded through the Money Market Investor Funding Facility, Maiden Lane LLC, Maiden Lane II LLC, and Maiden Lane III LLC to entities other than the Federal Reserve Bank of New York, including liabilities that have recourse only to the portfolio holdings of these LLCs. Refer to table 3 through table 7 and the note on consolidation accompanying table 9. Sources: Federal Reserve Banks and the U.S. Department of the Treasury. 1A. Memorandum Items Millions of dollars Averages of daily figures Memorandum item Week ended Change from week ended Wednesday Feb 11, 2009 Feb 4, 2009 Feb 13, 2008 Feb 11, 2009 Marketable securities held in custody for foreign official and international accounts (1) 2,560,849 + 6,194 + 447,941 2,561,543 U.S. Treasury securities 1,742,951 + 8,353 + 476,271 1,744,290 Federal agency securities (2) 817,898 - 2,160 - 28,331 817,253 Securities lent to dealers 123,366 - 3,628 + 113,616 120,388 Overnight facility (3) 6,593 + 229 - 3,157 4,008 Term facility (4) 116,773 - 3,857 + 116,773 116,380 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, February 11, 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 173,878 239,005 --- --- --- --- 412,883 Other loans (1) 84,734 20,464 303 37,350 --- --- 142,851 U.S. Treasury securities (2) Holdings 19,416 17,935 64,785 174,054 97,278 101,401 474,869 Weekly changes + 3,867 - 3,867 - 4 - 35 - 26 - 47 - 113 Federal agency debt securities (3) Holdings 990 1,648 1,857 21,433 6,222 0 32,150 Weekly changes + 640 - 640 + 813 + 1,422 0 0 + 2,235 Mortgage-backed securities (4) Holdings 0 0 0 0 0 7,377 7,377 Weekly changes 0 0 0 0 0 0 0 Commercial paper held by Commercial Paper Funding Facility LLC (5) 34,160 216,387 0 --- --- --- 250,547 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) 261,075 129,754 0 0 0 0 390,829 Reverse repurchase agreements (7) 73,284 0 --- --- --- --- 73,284 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 arrangements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the foreign central bank. 3. Information on Principal Accounts of Maiden Lane LLC Millions of dollars Wednesday Account name Feb 11, 2009 Net portfolio holdings of Maiden Lane LLC (1) 25,877 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) 284 Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3) 1,195 1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of December 31, 2008. Any assets purchased after this valuation date are initially recorded at cost until their estimated fair value as of the purchase date becomes available. 2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9. 3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 8 and table 9. Note: On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended credit to Maiden Lane LLC under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to acquire certain assets of Bear Stearns and to manage those assets through time to maximize repayment of the credit extended and to minimize disruption to financial markets. Payments by Maiden Lane LLC from the proceeds of the net portfolio holdings will be made in the following order: operating expenses of the LLC, principal due to the FRBNY, interest due to the FRBNY, principal due to JPMorgan Chase & Co., and interest due to JPMorgan Chase & Co. Any remaining funds will be paid to the FRBNY. 4. Information on Principal Accounts of Maiden Lane II LLC Millions of dollars Wednesday Account name Feb 11, 2009 Net portfolio holdings of Maiden Lane II LLC (1) 18,630 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 18,825 Accrued interest payable to the Federal Reserve Bank of New York (2) 60 Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc. (3) 1,006 1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of December 31, 2008. Any assets purchased after this valuation date are initially recorded at cost until their estimated fair value as of the purchase date becomes available. 2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9. 3. Book value. The deferred payment represents the portion of the proceeds of the net portfolio holdings due to subsidiaries of American International Group, Inc. in accordance with the asset purchase agreement. The fair value of this payment and accrued interest payable are included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 8 and table 9. Note: On December 12, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden Lane II LLC under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to purchase residential mortgage-backed securities from the U.S. securities lending reinvestment portfolio of subsidiaries of American International Group, Inc. (AIG subsidiaries). Payments by Maiden Lane II LLC from the proceeds of the net portfolio holdings will be made in the following order: operating expenses of Maiden Lane II LLC, principal due to the FRBNY, interest due to the FRBNY, and deferred payment and interest due to AIG subsidiaries. Any remaining funds will be shared by the FRBNY and AIG subsidiaries. 5. Information on Principal Accounts of Maiden Lane III LLC Millions of dollars Wednesday Account name Feb 11, 2009 Net portfolio holdings of Maiden Lane III LLC (1) 27,634 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 24,339 Accrued interest payable to the Federal Reserve Bank of New York (2) 86 Outstanding principal amount and accrued interest on loan payable to American International Group, Inc. (3) 5,042 1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of December 31, 2008. Any assets purchased after this valuation date are initially recorded at cost until their estimated fair value as of the purchase date becomes available. 2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9. 3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 8 and table 9. Note: On November 25, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden Lane III LLC under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to purchase multi-sector collateralized debt obligations (CDOs) on which the Financial Products group of American International Group, Inc. (AIG) has written credit default swap (CDS) contracts. In connection with the purchase of CDOs, the CDS counterparties will concurrently unwind the related CDS transactions. Payments by Maiden Lane III LLC from the proceeds of the net portfolio holdings will be made in the following order: operating expenses of Maiden Lane III LLC, principal due to the FRBNY, interest due to the FRBNY, principal due to AIG, and interest due to AIG. Any remaining funds will be shared by the FRBNY and AIG. 6. Information on Principal Accounts of Commercial Paper Funding Facility LLC Millions of dollars Wednesday Account name Feb 11, 2009 Commercial paper holdings, net (1) 248,951 Other investments, net 2,255 Net portfolio holdings of Commercial Paper Funding Facility LLC 251,206 Memorandum: Commercial paper holdings, face value 250,547 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 249,190 Accrued interest payable to the Federal Reserve Bank of New York (2) 138 1. Book value, which includes amortized cost and related fees. 2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9. Note: On October 27, 2008, the Federal Reserve Bank of New York began extending loans under the authority of section 13(3) of the Federal Reserve Act to Commercial Paper Funding Facility LLC. This LLC is a limited liability company formed to purchase three-month U.S. dollar-denominated commercial paper from eligible issuers and thereby foster liquidity in short-term funding markets and increase the availability of credit for businesses and households. 7. Information on Principal Accounts of LLCs Funded through the Money Market Investor Funding Facility Millions of dollars Wednesday Account name Feb 11, 2009 Money market instrument holdings, net (1) 0 Other investments, net 0 Net portfolio holdings of LLCs funded through the Money Market Investor Funding Facility 0 Memorandum: Money market instrument holdings, face value 0 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 0 Accrued interest payable to the Federal Reserve Bank of New York (2) 0 Commercial paper issued by LLCs funded through the Money Market Investor Funding Facility, net of related discounts 0 1. Book value, which includes amortized cost. 2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9. Note: The Federal Reserve Board authorized the Federal Reserve Bank of New York to extend credit under the authority of section 13(3) of the Federal Reserve Act to a series of limited liability companies funded through the Money Market Investor Funding Facility (MMIFF). The MMIFF became operational on November 24, 2008. These limited liability companies were established to purchase short-term U.S. dollar-denominated certificates of deposit, bank notes, and outstanding asset-backed commercial paper from eligible issuers. Such purchases are designed to foster liquidity in short-term money markets. 8. Consolidated Statement of Condition of All Federal Reserve Banks Millions of dollars Eliminations Change since from Wednesday Wednesday Wednesday Assets, liabilities, and capital consolidation Feb 11, 2009 Feb 4, 2009 Feb 13, 2008 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 2,200 0 0 Coin 1,909 - 6 + 529 Securities, repurchase agreements, term auction credit, and other loans 1,070,130 - 4,056 + 268,722 Securities held outright 514,396 + 2,122 - 198,973 U.S. Treasury securities (1) 474,869 - 113 - 238,500 Bills (2) 18,423 0 - 181,937 Notes and bonds, nominal (2) 412,914 0 - 57,096 Notes and bonds, inflation-indexed (2) 39,378 0 + 941 Inflation compensation (3) 4,155 - 113 - 408 Federal agency debt securities (2) 32,150 + 2,235 + 32,150 Mortgage-backed securities (4) 7,377 0 + 7,377 Repurchase agreements (5) 0 0 - 28,000 Term auction credit 412,883 0 + 352,883 Other loans 142,851 - 6,179 + 142,812 Net portfolio holdings of Commercial Paper Funding Facility LLC (6) 251,206 - 7,458 + 251,206 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) 25,877 + 17 + 25,877 Net portfolio holdings of Maiden Lane II LLC (9) 18,630 - 338 + 18,630 Net portfolio holdings of Maiden Lane III LLC (10) 27,634 + 124 + 27,634 Items in process of collection (340) 631 - 268 - 745 Bank premises 2,185 + 5 + 53 Central bank liquidity swaps (11) 390,829 + 3,381 + 366,829 Other assets (12) 42,589 + 555 + 615 Total assets (340) 1,844,857 - 8,044 + 959,351 Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table. 8. Consolidated Statement of Condition of All Federal Reserve Banks (continued) Millions of dollars Eliminations Change since from Wednesday Wednesday Wednesday Assets, liabilities, and capital consolidation Feb 11, 2009 Feb 4, 2009 Feb 13, 2008 Liabilities Federal Reserve notes, net of F.R. Bank holdings 856,001 + 3,703 + 77,064 Reverse repurchase agreements (13) 73,284 - 967 + 34,694 Deposits (0) 862,321 - 11,166 + 838,917 Depository institutions 600,057 - 46,939 + 582,033 U.S. Treasury, general account 20,266 - 27,442 + 15,287 U.S. Treasury, supplementary financing account 199,950 + 29,988 + 199,950 Foreign official 2,728 + 2,624 + 2,632 Other (0) 39,319 + 30,602 + 39,014 Deferred availability cash items (340) 3,173 - 197 + 365 Other liabilities and accrued dividends (14) 8,695 + 161 + 4,311 Total liabilities (340) 1,803,474 - 8,466 + 955,351 Capital accounts Capital paid in 21,709 + 15 + 3,223 Surplus 19,539 + 333 + 1,091 Other capital accounts 134 + 72 - 315 Total capital 41,382 + 420 + 3,999 Note: Components may not sum to totals because of rounding. 1. Includes securities lent to dealers under the overnight and term securities lending facilities; refer to table 1A. 2. Face value of the securities. 3. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed securities. 4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the underlying mortgages. 5. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities. 6. Refer to table 6 and the note on consolidation accompanying table 9. 7. Refer to table 7 and the note on consolidation accompanying table 9. 8. Refer to table 3 and the note on consolidation accompanying table 9. 9. Refer to table 4 and the note on consolidation accompanying table 9. 10. Refer to table 5 and the note on consolidation accompanying table 9. 11. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the foreign central bank. 12. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates. 13. Cash value of agreements, which are collateralized by U.S. Treasury securities. 14. Includes the liabilities of Commercial Paper Funding Facility LLC, the LLCs funded through the Money Market Investor Funding Facility, Maiden Lane LLC, Maiden Lane II LLC, and Maiden Lane III LLC to entities other than the Federal Reserve Bank of New York, including liabilities that have recourse only to the portfolio holdings of these LLCs. Refer to table 3 through table 7 and the note on consolidation accompanying table 9. 9. Statement of Condition of Each Federal Reserve Bank, February 11, 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 11,037 424 3,935 453 423 891 1,221 913 344 199 349 636 1,249 Special drawing rights certificate acct. 2,200 115 874 83 104 147 166 212 71 30 66 98 234 Coin 1,909 62 83 157 155 262 244 216 50 62 132 199 286 Securities, repurchase agreements, term auction credit, and other loans 1,070,130 50,876 513,135 61,403 27,944 112,738 67,392 53,674 22,968 15,718 21,805 28,977 93,500 Securities held outright 514,396 21,576 183,019 22,459 19,506 46,645 51,182 45,400 17,776 9,711 18,887 21,338 56,898 U.S. Treasury securities (1) 474,869 19,918 168,955 20,733 18,007 43,060 47,249 41,912 16,410 8,965 17,436 19,698 52,526 Bills (2) 18,423 773 6,555 804 699 1,671 1,833 1,626 637 348 676 764 2,038 Notes and bonds (3) 456,446 19,145 162,401 19,929 17,308 41,390 45,416 40,286 15,773 8,617 16,760 18,934 50,488 Federal agency debt securities (2) 32,150 1,348 11,439 1,404 1,219 2,915 3,199 2,838 1,111 607 1,180 1,334 3,556 Mortgage-backed securities (4) 7,377 309 2,625 322 280 669 734 651 255 139 271 306 816 Repurchase agreements (5) 0 0 0 0 0 0 0 0 0 0 0 0 0 Term auction credit 412,883 14,805 208,557 38,805 8,406 65,321 15,946 6,319 4,830 5,697 2,870 6,533 34,794 Other loans 142,851 14,495 121,559 139 33 772 265 1,954 363 309 48 1,107 1,808 Net portfolio holdings of Commercial Paper Funding Facility LLC (6) 251,206 0 251,206 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) 25,877 0 25,877 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of Maiden Lane II LLC (9) 18,630 0 18,630 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of Maiden Lane III LLC (10) 27,634 0 27,634 0 0 0 0 0 0 0 0 0 0 Items in process of collection 970 39 0 183 118 33 69 218 12 64 39 76 118 Bank premises 2,185 123 210 65 147 230 224 207 133 112 273 249 212 Central bank liquidity swaps (11) 390,829 15,539 106,129 42,609 28,567 110,066 29,663 12,947 3,859 5,970 3,827 4,987 26,665 Other assets (12) 42,589 1,794 12,996 3,467 2,485 8,651 3,664 2,336 875 728 901 1,074 3,618 Interdistrict settlement account 0 - 13,607 + 15,328 - 53,730 + 29,000 - 116,604 + 35,489 + 27,675 + 7,199 - 3,801 + 12,108 + 19,092 + 41,850 Total assets 1,845,196 55,365 976,037 54,690 88,943 116,414 138,134 98,398 35,512 19,081 39,500 55,390 167,732 Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table. 9. Statement of Condition of Each Federal Reserve Bank, February 11, 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 1,033,349 37,849 361,148 41,092 46,090 80,417 133,460 83,602 29,119 17,467 29,643 61,689 111,773 Less: Notes held by F.R. Banks 177,347 5,906 47,129 5,623 7,335 12,383 28,198 13,934 3,436 3,208 3,695 18,991 27,510 Federal Reserve notes, net 856,001 31,943 314,019 35,469 38,755 68,034 105,262 69,668 25,683 14,260 25,948 42,698 84,264 Reverse repurchase agreements (13) 73,284 3,074 26,074 3,200 2,779 6,645 7,292 6,468 2,532 1,384 2,691 3,040 8,106 Deposits 862,321 18,321 619,467 10,652 43,674 29,199 21,762 20,054 6,654 2,330 10,150 8,659 71,399 Depository institutions 600,057 18,318 357,351 10,647 43,670 29,079 21,758 20,053 6,652 2,330 10,148 8,658 71,394 U.S. Treasury, general account 20,266 0 20,266 0 0 0 0 0 0 0 0 0 0 U.S. Treasury, supplementary financing account 199,950 0 199,950 0 0 0 0 0 0 0 0 0 0 Foreign official 2,728 2 2,699 4 3 11 3 1 0 1 0 1 3 Other 39,319 2 39,201 0 1 108 0 0 2 0 1 1 2 Deferred availability cash items 3,512 92 0 574 469 215 239 452 54 336 166 270 645 Other liabilities and accrued dividends (14) 8,695 153 6,252 177 179 445 335 291 154 107 120 170 311 Total liabilities 1,803,814 53,583 965,813 50,071 85,855 104,538 134,890 96,934 35,079 18,417 39,074 54,838 164,723 Capital Capital paid in 21,709 903 6,038 2,315 1,552 5,984 1,612 729 216 335 212 271 1,541 Surplus 19,539 844 4,186 2,304 1,536 5,892 1,612 704 210 324 208 271 1,449 Other capital 134 35 0 0 0 0 20 32 8 5 7 10 19 Total liabilities and capital 1,845,196 55,365 976,037 54,690 88,943 116,414 138,134 98,398 35,512 19,081 39,500 55,390 167,732 Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table. 9. Statement of Condition of Each Federal Reserve Bank, February 11, 2009 (continued) 1. Includes securities lent to dealers under the overnight and term securities lending facilities; refer to table 1A. 2. Face value of the securities. 3. Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face value of such securities. 4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the underlying mortgages. 5. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities. 6. Refer to table 6 and the note on consolidation below. 7. Refer to table 7 and the note on consolidation below. 8. Refer to table 3 and the note on consolidation below. 9. Refer to table 4 and the note on consolidation below. 10. Refer to table 5 and the note on consolidation below. 11. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the foreign central bank. 12. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates. 13. Cash value of agreements, which are collateralized by U.S. Treasury securities. 14. Includes the liabilities of Commercial Paper Funding Facility LLC, the LLCs funded through the Money Market Investor Funding Facility, Maiden Lane LLC, Maiden Lane II LLC, and Maiden Lane III LLCto entities other than the Federal Reserve Bank of New York, including liabilities that have recourse only to the portfolio holdings of these LLCs. Refer to table 3 through table 7 and the note on consolidation below. Note on consolidation: The Federal Reserve Bank of New York (FRBNY) has extended loans to several limited liability companies under the authority of section 13(3) of the Federal Reserve Act. On June 26, 2008, a loan was extended to Maiden Lane LLC, which was formed to acquire certain assets of Bear Stearns. On October 27, 2008, the FRBNY began extending loans to Commercial Paper Funding Facility LLC, which was formed to purchase three-month U.S. dollar-denominated commercial paper from eligible issuers. On October 21, 2008, the Federal Reserve Board authorized the FRBNY to extend credit to a series of LLCs funded through the Money Market Investor Funding Facility. These LLCs, which became operational on November 24, 2008, were established to purchase short-term U.S. dollar-denominated certificates of deposit, bank notes, and commercial paper from eligible issuers. On November 25, 2008, a loan was extended to Maiden Lane III LLC, which was formed to purchase multi-sector collateralized debt obligations on which the Financial Products group of the American International Group, Inc. has written credit default swap contracts. On December 12, 2008, a loan was extended to Maiden Lane II LLC, which was formed to purchase residential mortgage-backed securities from the U.S. securities lending reinvestment portfolio of subsidiaries of American International Group, Inc. The FRBNY is the sole beneficiary of Commercial Paper Funding Facility LLC and the primary beneficiary of the other LLCs cited above. Consistent with generally accepted accounting principles, the assets and liabilities of these LLCs have been consolidated with the assets and liabilities of the FRBNY in the preparation of the statements of condition shown on this release. As a consequence of the consolidation, the extensions of credit from the FRBNY to the LLCs are eliminated, the net assets of the LLCs appear as assets on the previous page (and in table 1 and table 8), and the liabilities of the LLCs to entities other than the FRBNY, including those with recourse only to the portfolio holdings of the LLCs, are included in other liabilities in this table (and table 1 and table 8). 10. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts Millions of dollars Federal Reserve notes and collateral Wednesday Feb 11, 2009 Federal Reserve notes outstanding 1,033,349 Less: Notes held by F.R. Banks not subject to collateralization 177,347 Federal Reserve notes to be collateralized 856,001 Collateral held against Federal Reserve notes 856,001 Gold certificate account 11,037 Special drawing rights certificate account 2,200 U.S. Treasury, agency debt, and mortgage-backed securities pledged (1) 447,412 Other assets pledged 395,352 Memo: Total U.S. Treasury, agency debt, and mortgage-backed securities (1) 514,396 Less: Face value of securities under reverse repurchase agreements 66,984 U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 447,412 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.