Federal Reserve Statistical Release, H.4.1, Factors Affecting Reserve Balances; title with eagle logo links to Statistical Release home page
Release Date:  May 14, 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
May 14, 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
May 13, 2009
Week ended
May 13, 2009
Change from week ended
May 6, 2009 May 14, 2008
                                                              
Reserve Bank credit                                       2,116,487    +   75,111    +1,249,397     2,179,377 
  Securities held outright                                1,025,649    +   36,147    +  505,595     1,081,591 
    U.S. Treasury securities (1)                            569,426    +   15,338    +   49,372       577,091 
      Bills (2)                                              18,423             0    -   32,044        18,423 
      Notes and bonds, nominal (2)                          505,114    +   15,313    +   79,725       512,770 
      Notes and bonds, inflation-indexed (2)                 41,253             0    +    2,082        41,253 
      Inflation compensation (3)                              4,636    +       25    -      392         4,645 
    Federal agency debt securities (2)                       72,109    +    2,530    +   72,109        72,955 
    Mortgage-backed securities (4)                          384,115    +   18,280    +  384,115       431,545 
  Repurchase agreements (5)                                       0             0    -   95,821             0 
  Term auction credit                                       428,835    +   25,262    +  303,835       428,835 
  Other loans                                               123,957    +   19,819    +   92,912       132,049 
    Primary credit                                           39,872    -    1,069    +   25,456        41,803 
    Secondary credit                                              0    -        6    -        1             0 
    Seasonal credit                                              9   +        5   -       28           11 
    Primary dealer and other broker-dealer credit (6)           482    -      161    -   16,110             0 
    Asset-Backed Commercial Paper Money Market                
      Mutual Fund Liquidity Facility                         28,781    +   18,111    +   28,781        28,616 
    Credit extended to American International                 
      Group, Inc. (7)                                        45,702    +      206    +   45,702        45,704 
    Term Asset-Backed Securities Loan Facility                9,110    +    2,731    +    9,110        15,915 
    Other credit extensions                                       0             0             0             0 
  Net portfolio holdings of Commercial Paper                  
    Funding Facility LLC (8)                                166,926    +    2,186    +  166,926       163,209 
  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)             25,675    -      709    +   25,675        25,693 
  Net portfolio holdings of Maiden Lane II LLC (11)          16,144    -    1,872    +   16,144        16,150 
  Net portfolio holdings of Maiden Lane III LLC (12)         20,231    -    6,185    +   20,231        20,305 
  Float                                                      -2,120    +      132    -      909        -2,992 
  Central bank liquidity swaps (13)                         246,500    -    2,802    +  194,500       246,838 
  Other Federal Reserve assets (14)                          64,689    +    3,133    +   20,308        67,699 
Gold stock                                                   11,041             0             0        11,041 
Special drawing rights certificate account                    2,200             0             0         2,200 
Treasury currency outstanding (15)                           42,345    +       14    +    3,582        42,345 
                                                              
Total factors supplying reserve funds                     2,172,073    +   75,125    +1,252,979     2,234,964 
 

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
May 13, 2009
Week ended
May 13, 2009
Change from week ended
May 6, 2009 May 14, 2008
                                                              
Currency in circulation (15)                                904,814    +      964    +   89,054       905,709 
Reverse repurchase agreements (16)                           68,019    +    1,694    +   28,968        70,894 
  Foreign official and international accounts                68,019    +    1,694    +   28,968        70,894 
  Dealers                                                         0             0             0             0 
Treasury cash holdings                                          290    -       18    +       35           291 
Deposits with F.R. Banks, other than reserve balances       292,307    -    1,823    +  280,171       281,308 
  U.S. Treasury, general account                             76,059    -   11,024    +   71,402        57,167 
  U.S. Treasury, supplementary financing account            199,933    +        4    +  199,933       199,933 
  Foreign official                                            1,942    +      278    +    1,844         2,547 
  Service-related                                             4,339    -        4    -    2,705         4,340 
    Required clearing balances                                4,339    -        4    -    2,704         4,340 
    Adjustments to compensate for float                           0             0    -        1             0 
  Other                                                      10,034    +    8,924    +    9,698        17,322 
Other liabilities and capital (17)                           48,344    -    6,890    +    4,033        49,373 
                                                              
Total factors, other than reserve balances,                                                       
   absorbing reserve funds                                1,313,773    -    6,074    +  402,260     1,307,577 
                                                              
Reserve balances with Federal Reserve Banks                 858,300    +   81,199    +  850,719       927,387 
                                                                
Note: Components may not sum to totals because of rounding.
 

1. Includes securities lent to dealers under the overnight and term securities lending facilities; refer
to table 1A.
2. Face value of the securities.
3. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed
securities.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is
the remaining principal balance of the underlying mortgages.
5. Cash value of agreements.
6. Includes credit extended through the Primary Dealer Credit Facility and credit extended to certain
other broker-dealers.
7. Excludes credit extended to consolidated LLCs.
8. Refer to table 7 and the note on consolidation accompanying table 10.
9. Refer to table 8 and the note on consolidation accompanying table 10.
10. Refer to table 4 and the note on consolidation accompanying table 10.
11. Refer to table 5 and the note on consolidation accompanying table 10.
12. Refer to table 6 and the note on consolidation accompanying table 10.
13. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when
the foreign currency is returned to the foreign central bank. This exchange rate equals the market exchange
rate used when the foreign currency was acquired from the foreign central bank.
14. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates.
15. Estimated.
16. Cash value of agreements, which are collateralized by U.S. Treasury securities.
17. Includes the liabilities of Commercial Paper Funding Facility LLC, the LLCs funded through the Money Market
Investor Funding Facility, Maiden Lane LLC, Maiden Lane II LLC, and Maiden Lane III LLC to entities other
than the Federal Reserve Bank of New York, including liabilities that have recourse only to the portfolio
holdings of these LLCs. Refer to table 4 through table 8 and the note on consolidation accompanying table 10.
 

Sources: Federal Reserve Banks and the U.S. Department of the Treasury.
 

 

1A. Memorandum Items
Millions of dollars

Memorandum item
Averages of daily figures Wednesday
May 13, 2009
Week ended
May 13, 2009
Change from week ended
May 6, 2009 May 14, 2008
                                                              
Marketable securities held in custody for foreign             
      official and international accounts (1)             2,683,641    +   23,485    +  404,967     2,696,945 
  U.S. Treasury securities                                1,867,416    +   18,945    +  518,768     1,879,425 
  Federal agency securities (2)                             816,225    +    4,540    -  113,800       817,520 
Securities lent to dealers                                   38,021    +      186    -  112,520        39,656 
  Overnight facility (3)                                      5,471    +      186    -    6,981         7,106 
  Term facility (4)                                          32,550             0    -  105,539        32,550 
 

Note: Components may not sum to totals because of rounding.
 

1. Face value of the securities. Includes U.S. Treasury STRIPS, other zero-coupon bonds, and mortgage-backed
securities at face value.
2. Includes debt and mortgage-backed securities.
3. Fully collateralized by U.S. Treasury securities.
4. Fully collateralized by U.S. Treasury securities, federal agency securities, and other highly rated debt
securities.
 



 

 

2. Maturity Distribution of Term Auction Credit, Other Loans, and Securities, May 13, 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                   111,808      317,028         ---            ---          ---         ---       428,835
Other loans (1)                        41,005       29,311          113        61,620          ---         ---       132,049
U.S. Treasury securities (2)                    
  Holdings                             25,044       17,240       64,998       229,896      127,416     112,497       577,091
  Weekly changes                   -    3,520   +    3,520   +        2    +   12,962   +        6  +    3,521    +   16,490
Federal agency debt securities (3)                        
  Holdings                                  0          196        4,770        49,829       17,625         535        72,955
  Weekly changes                            0            0            0             0   +    1,328  +      153    +    1,481
Mortgage-backed securities (4)                            
  Holdings                                  0            0            0             0            0     431,545       431,545
  Weekly changes                            0            0            0             0            0  +   65,725    +   65,725
Commercial paper held by                        
  Commercial Paper Funding                      
  Facility LLC (5)                     24,514      136,088            0           ---          ---         ---       160,602
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)      144,251      102,587            0             0            0           0       246,838
                                                
Reverse repurchase agreements (7)      70,894            0          ---           ---          ---         ---        70,894
  
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
May 13, 2009
                                                                                                
Mortgage-backed securities held outright (1)                                                       431,545    
                                                                                                
Commitments to buy mortgage-backed securities (2)                                                  129,753    
Commitments to sell mortgage-backed securities (2)                                                 110,730    
                                                                                                
Cash and cash equivalents (3)                                                                          500    
 

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
May 13, 2009
                                                                                                
Net portfolio holdings of Maiden Lane LLC (1)                                                       25,693    
                                                                                                
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)                                   320    
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3)        1,209    
 
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 March 31, 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
May 13, 2009
                                                                                                
Net portfolio holdings of Maiden Lane II LLC (1)                                                     16,150   
                                                                                                
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)            17,877   
Accrued interest payable to the Federal Reserve Bank of New York (2)                                    128   
Deferred payment and accrued interest payable to subsidiaries of American International         
  Group, Inc. (3)                                                                                     1,015   
 

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 March 31, 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
May 13, 2009
                                                                                                
Net portfolio holdings of Maiden Lane III LLC (1)                                                    20,305   
                                                                                                
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)            22,992   
Accrued interest payable to the Federal Reserve Bank of New York (2)                                    174   
Outstanding principal amount and accrued interest on loan payable to American International     
  Group, Inc. (3)                                                                                     5,086   
 

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 March 31, 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
May 13, 2009
                                                                                                
Commercial paper holdings, net (1)                                                                  159,666   
Other investments, net                                                                                3,542   
Net portfolio holdings of Commercial Paper Funding Facility LLC                                     163,209   
                                                                                                
Memorandum: Commercial paper holdings, face value                                                   160,602   
                                                                                                
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)           159,612   
Accrued interest payable to the Federal Reserve Bank of New York (2)                                     39   
 

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
May 13, 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
May 13, 2009
Wednesday
May 6, 2009
Wednesday
May 14, 2008
Assets                                                   
Gold certificate account                                           11,037                0                   0
Special drawing rights certificate account                          2,200                0                   0
Coin                                                                1,860       -       41          +      474
Securities, repurchase agreements, term auction          
      credit, and other loans                                   1,642,476       +  119,971          +  873,915
  Securities held outright                                      1,081,591       +   83,696          +  565,935
    U.S. Treasury securities (1)                                  577,091       +   16,490          +   61,435
      Bills (2)                                                    18,423                0          -   31,187
      Notes and bonds, nominal (2)                                512,770       +   16,465          +   90,954
      Notes and bonds, inflation-indexed (2)                       41,253                0          +    2,082
      Inflation compensation (3)                                    4,645       +       25          -      414
    Federal agency debt securities (2)                             72,955       +    1,481          +   72,955
    Mortgage-backed securities (4)                                431,545       +   65,725          +  431,545
  Repurchase agreements (5)                                             0                0          -  100,000
  Term auction credit                                             428,835       +   25,262          +  303,835
  Other loans                                                     132,049       +   11,012          +  104,144
Net portfolio holdings of Commercial Paper               
  Funding Facility LLC (6)                                        163,209       -    5,271          +  163,209
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)                      25,693       +       21          +   25,693
Net portfolio holdings of Maiden Lane II LLC (9)                   16,150       +        7          +   16,150
Net portfolio holdings of                                
  Maiden Lane III LLC (10)                                         20,305       +       86          +   20,305
Items in process of collection                         (532)          360       -      555          -    1,922
Bank premises                                                       2,194                0          +       47
Central bank liquidity swaps (11)                                 246,838       -    2,464          +  194,838
Other assets (12)                                                  65,514       +    4,826          +   23,532
                                                         
      Total assets                                     (532)    2,197,835       +  116,578          +1,316,241
 

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
May 13, 2009
Wednesday
May 6, 2009
Wednesday
May 14, 2008
Liabilities                                              
Federal Reserve notes, net of F.R. Bank holdings                  865,511       -      358          +   84,722
Reverse repurchase agreements (13)                                 70,894       +    5,750          +   31,780
Deposits                                                 (0)    1,208,705       +  109,901          +1,193,746
  Depository institutions                                         931,737       +  106,114          +  921,163
  U.S. Treasury, general account                                   57,167       -   13,516          +   53,147
  U.S. Treasury, supplementary financing account                  199,933       +        4          +  199,933
  Foreign official                                                  2,547       +    1,337          +    2,450
  Other                                                  (0)       17,322       +   15,963          +   17,054
Deferred availability cash items                       (532)        3,351       -      807          +      722
Other liabilities and accrued dividends (14)                        6,281       +      350          +    2,705
                                                         
      Total liabilities                                (532)    2,154,743       +  114,837          +1,313,677
                                                         
Capital accounts                                         
Capital paid in                                                    22,938       -       63          +    3,077
Surplus                                                            18,141       +      894          -      338
Other capital accounts                                              2,013       +      910          -      176
                                                         
      Total capital                                                43,092       +    1,741          +    2,564
 

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, May 13, 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.       2,200         115         874          83         104         147         166         212          71          30          66          98         234 
Coin                                           1,860          70          86         155         153         247         210         228          38          64         132         181         296 
Securities, repurchase agreements, term                            
      auction credit, and other loans      1,642,476      64,195     756,148      41,025      49,725     125,851     147,066     124,828      46,153      18,903      51,149      56,934     160,499 
  Securities held outright                 1,081,591      20,748     422,768      16,780      42,732      38,977     130,317     117,040      42,373      17,906      48,822      52,296     130,833 
    U.S. Treasury securities (1)             577,091      11,070     225,571       8,953      22,800      20,797      69,532      62,447      22,608       9,554      26,049      27,903      69,807 
      Bills (2)                               18,423         353       7,201         286         728         664       2,220       1,994         722         305         832         891       2,228 
      Notes and bonds (3)                    558,669      10,717     218,370       8,667      22,072      20,133      67,312      60,454      21,886       9,249      25,218      27,012      67,578 
    Federal agency debt securities (2)        72,955       1,400      28,516       1,132       2,882       2,629       8,790       7,895       2,858       1,208       3,293       3,527       8,825 
    Mortgage-backed securities (4)           431,545       8,278     168,680       6,695      17,050      15,552      51,995      46,698      16,906       7,144      19,480      20,866      52,201 
  Repurchase agreements (5)                        0           0           0           0           0           0           0           0           0           0           0           0           0 
  Term auction credit                        428,835      14,642     234,882      24,099       6,988      86,160      16,453       5,964       3,704         748       2,309       4,455      28,433 
  Other loans                                132,049      28,805      98,498         146           6         714         296       1,824          77         249          17         183       1,233 
Net portfolio holdings of Commercial                               
  Paper Funding Facility LLC (6)             163,209           0     163,209           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)                                     25,693           0      25,693           0           0           0           0           0           0           0           0           0           0 
Net portfolio holdings of Maiden                                   
  Lane II LLC (9)                             16,150           0      16,150           0           0           0           0           0           0           0           0           0           0 
Net portfolio holdings of Maiden                                   
  Lane III LLC (10)                           20,305           0      20,305           0           0           0           0           0           0           0           0           0           0 
Items in process of collection                   892          28           0         244          91          88          15           1         170          56          21          82          96 
Bank premises                                  2,194         122         215          66         146         235         222         207         135         112         271         249         213 
Central bank liquidity swaps (11)            246,838      10,286      58,382      28,205      18,910      72,858      19,635       8,570       2,555       3,952       2,533       3,301      17,651 
Other assets (12)                             65,514       1,798      22,593       3,351       3,410       8,574       6,769       5,152       1,852       1,071       2,076       2,295       6,571 
Interdistrict settlement account                   0   +  16,062   -   1,287   -  11,645   +   3,260   +  47,188   -  23,928   -  35,373   -  14,899   -   2,186   -   3,535   -   2,860   +  29,203 
                                                                   
      Total assets                         2,198,367      93,089   1,066,264      61,934      76,266     256,070     151,511     104,738      36,404      22,198      53,048      60,901     215,945 
 

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, May 13, 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           1,050,976      36,803     373,727      40,317      45,231      79,247     133,625      87,651      31,325      20,115      29,054      63,085     110,797 
  Less: Notes held by F.R. Banks              185,464       4,722      59,261       5,129       7,780      12,294      28,923      12,895       4,036       3,051       3,493      19,055      24,826 
    Federal Reserve notes, net                865,511      32,081     314,466      35,189      37,451      66,953     104,701      74,756      27,290      17,064      25,561      44,029      85,971 
Reverse repurchase agreements (13)             70,894       1,360      27,711       1,100       2,801       2,555       8,542       7,672       2,777       1,174       3,200       3,428       8,576 
Deposits                                    1,208,705      57,530     711,433      19,885      32,120     172,907      34,155      19,842       5,437       2,578      23,483      12,369     116,967 
  Depository institutions                     931,737      57,520     434,612      19,880      32,116     172,793      34,151      19,840       5,432       2,577      23,481      12,369     116,964 
  U.S. Treasury, general account               57,167           0      57,167           0           0           0           0           0           0           0           0           0           0 
  U.S. Treasury, supplementary                                      
    financing account                         199,933           0     199,933           0           0           0           0           0           0           0           0           0           0 
  Foreign official                              2,547           2       2,518           4           3          11           3           1           0           1           0           1           3 
  Other                                        17,322           8      17,203           0           1         103           0           0           5           0           1           0           0 
Deferred availability cash items                3,883         110           0         723         418         150         315         406         202         322         198         271         767 
Other liabilities and accrued                                                 
  dividends (14)                                6,281         136       3,611         175         203         477         394         333         167         113         134         187         352 
                                                                    
      Total liabilities                     2,155,275      91,216   1,057,221      57,072      72,993     243,042     148,106     103,008      35,873      21,250      52,575      60,285     212,633 
                                                                    
Capital                                                             
Capital paid in                                22,938         912       6,371       2,410       1,591       6,531       1,562         793         240         486         206         273       1,565 
Surplus                                        18,141         844       2,672       2,316       1,552       5,981       1,612         704         210         324         208         271       1,449 
Other capital                                   2,013         117           0         137         130         516         231         233          81         138          59          72         298 
                                                                    
      Total liabilities and capital         2,198,367      93,089   1,066,264      61,934      76,266     256,070     151,511     104,738      36,404      22,198      53,048      60,901     215,945 
                              
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, May 13, 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
May 13, 2009
                                                                                            
Federal Reserve notes outstanding                                                              1,050,976 
  Less: Notes held by F.R. Banks not subject to collateralization                                185,464 
    Federal Reserve notes to be collateralized                                                   865,511 
Collateral held against Federal Reserve notes                                                    865,511 
  Gold certificate account                                                                        11,037 
  Special drawing rights certificate account                                                       2,200 
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                       852,275 
  Other assets pledged                                                                                 0 
                                                                                            
Memo:                                                                                       
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                         1,081,591 
  Less: Face value of securities under reverse repurchase agreements                              66,652 
    U.S. Treasury, agency debt, and mortgage-backed securities                              
    eligible to be pledged                                                                     1,014,939 
   
Note: Components may not sum to totals because of rounding.
 

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

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