FEDERAL RESERVE statistical release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks May 28, 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 May 27, 2009 May 20, 2009 May 28, 2008 May 27, 2009 Reserve Bank credit 2,074,457 - 90,672 +1,197,013 2,063,747 Securities held outright 1,108,234 + 22,634 + 617,170 1,107,447 U.S. Treasury securities (1) 597,579 + 17,013 + 106,515 600,142 Bills (2) 18,423 0 - 15,873 18,423 Notes and bonds, nominal (2) 532,965 + 16,737 + 120,573 534,022 Notes and bonds, inflation-indexed (2) 41,475 + 222 + 2,304 42,803 Inflation compensation (3) 4,716 + 55 - 490 4,894 Federal agency debt securities (2) 79,753 + 5,204 + 79,753 79,753 Mortgage-backed securities (4) 430,902 + 417 + 430,902 427,552 Repurchase agreements (5) 0 0 - 105,036 0 Term auction credit 372,541 - 56,294 + 222,541 372,540 Other loans 124,232 - 3,699 + 95,897 123,572 Primary credit 38,153 - 2 + 22,203 38,047 Secondary credit 29 + 9 + 28 0 Seasonal credit 15 + 4 - 39 14 Primary dealer and other broker-dealer credit (6) 0 0 - 12,329 0 Asset-Backed Commercial Paper Money Market Mutual Fund Liquidity Facility 26,423 - 1,698 + 26,423 25,944 Credit extended to American International Group, Inc. (7) 44,157 - 1,551 + 44,157 44,116 Term Asset-Backed Securities Loan Facility 15,454 - 461 + 15,454 15,451 Other credit extensions 0 0 0 0 Net portfolio holdings of Commercial Paper Funding Facility LLC (8) 154,694 - 6,087 + 154,694 149,389 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) 25,688 - 4 + 25,688 25,717 Net portfolio holdings of Maiden Lane II LLC (11) 16,175 + 23 + 16,175 16,252 Net portfolio holdings of Maiden Lane III LLC (12) 20,367 + 54 + 20,367 20,379 Float -1,975 + 18 - 857 -2,861 Central bank liquidity swaps (13) 184,932 - 51,527 + 122,932 181,647 Other Federal Reserve assets (14) 69,568 + 4,208 + 27,441 69,666 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding (15) 42,373 + 14 + 3,582 42,373 Total factors supplying reserve funds 2,130,071 - 90,658 +1,200,595 2,119,361 Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table. 1. Factors Affecting Reserve Balances of Depository Institutions (continued) Millions of dollars Reserve Bank credit, related items, and Averages of daily figures reserve balances of depository institutions at Week ended Change from week ended Wednesday Federal Reserve Banks May 27, 2009 May 20, 2009 May 28, 2008 May 27, 2009 Currency in circulation (15) 908,704 + 3,902 + 85,426 910,303 Reverse repurchase agreements (16) 70,028 + 260 + 32,554 65,879 Foreign official and international accounts 70,028 + 260 + 32,554 65,879 Dealers 0 0 0 0 Treasury cash holdings 298 + 6 + 25 301 Deposits with F.R. Banks, other than reserve balances 233,566 - 27,660 + 221,140 217,653 U.S. Treasury, general account 26,692 - 23,146 + 21,752 11,048 U.S. Treasury, supplementary financing account 199,932 + 2 + 199,932 199,932 Foreign official 2,380 - 335 + 2,282 2,132 Service-related 4,226 - 117 - 2,887 4,226 Required clearing balances 4,226 - 117 - 2,887 4,226 Adjustments to compensate for float 0 0 0 0 Other 336 - 4,064 + 61 315 Other liabilities and capital (17) 51,166 + 796 + 6,032 51,205 Total factors, other than reserve balances, absorbing reserve funds 1,263,762 - 22,695 + 345,177 1,245,341 Reserve balances with Federal Reserve Banks 866,309 - 67,963 + 855,418 874,021 Note: Components may not sum to totals because of rounding. 1. Includes securities lent to dealers under the overnight and term securities lending facilities; refer to table 1A. 2. Face value of the securities. 3. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed securities. 4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the underlying mortgages. 5. Cash value of agreements. 6. Includes credit extended through the Primary Dealer Credit Facility and credit extended to certain other broker-dealers. 7. Excludes credit extended to consolidated LLCs. 8. Refer to table 7 and the note on consolidation accompanying table 10. 9. Refer to table 8 and the note on consolidation accompanying table 10. 10. Refer to table 4 and the note on consolidation accompanying table 10. 11. Refer to table 5 and the note on consolidation accompanying table 10. 12. Refer to table 6 and the note on consolidation accompanying table 10. 13. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the foreign central bank. 14. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates. 15. Estimated. 16. Cash value of agreements, which are collateralized by U.S. Treasury securities. 17. Includes the liabilities of Commercial Paper Funding Facility LLC, the LLCs funded through the Money Market Investor Funding Facility, Maiden Lane LLC, Maiden Lane II LLC, and Maiden Lane III LLC to entities other than the Federal Reserve Bank of New York, including liabilities that have recourse only to the portfolio holdings of these LLCs. Refer to table 4 through table 8 and the note on consolidation accompanying table 10. Sources: Federal Reserve Banks and the U.S. Department of the Treasury. 1A. Memorandum Items Millions of dollars Averages of daily figures Memorandum item Week ended Change from week ended Wednesday May 27, 2009 May 20, 2009 May 28, 2008 May 27, 2009 Marketable securities held in custody for foreign official and international accounts (1) 2,724,223 + 14,652 + 431,411 2,723,455 U.S. Treasury securities 1,909,937 + 15,845 + 564,434 1,908,946 Federal agency securities (2) 814,286 - 1,193 - 133,022 814,509 Securities lent to dealers 31,470 - 5,248 - 81,251 34,971 Overnight facility (3) 3,377 - 791 - 1,180 7,621 Term facility (4) 28,093 - 4,457 - 80,071 27,350 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 27, 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 131,562 240,978 --- --- --- --- 372,540 Other loans (1) 34,090 29,802 113 59,567 --- --- 123,572 U.S. Treasury securities (2) Holdings 15,618 25,691 61,765 241,533 137,233 118,302 600,142 Weekly changes - 2,503 + 2,504 + 1,551 + 6,268 + 8,913 + 138 + 16,871 Federal agency debt securities (3) Holdings 0 196 5,505 55,634 17,883 535 79,753 Weekly changes 0 0 0 + 2,821 + 258 0 + 3,079 Mortgage-backed securities (4) Holdings 0 0 0 0 0 427,552 427,552 Weekly changes 0 0 0 0 0 - 3,928 - 3,928 Commercial paper held by Commercial Paper Funding Facility LLC (5) 16,862 129,642 0 --- --- --- 146,504 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) 98,834 82,813 0 0 0 0 181,647 Reverse repurchase agreements (7) 65,879 0 --- --- --- --- 65,879 Note: Components may not sum to totals because of rounding. --- Not applicable. 1. Excludes the loans from the Federal Reserve Bank of New York (FRBNY) to Commercial Paper Funding Facility LLC, the LLCs funded through the Money Market Investor Funding Facility, Maiden Lane LLC, Maiden Lane II LLC, and Maiden Lane III LLC. The loans were eliminated when preparing the FRBNY's statement of condition consistent with consolidation under generally accepted accounting principles. 2. Face value. For inflation-indexed securities, includes the original face value and compensation that adjusts for the effect of inflation on the original face value of such securities. 3. Face value. 4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the underlying mortgages. 5. Face value of commercial paper held by Commercial Paper Funding Facility LLC. 6. Face value of money market instruments held by LLCs funded through the Money Market Investor Funding Facility. 7. Cash value of agreements. 8. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the foreign central bank. 3. Supplemental Information on Mortgage-Backed Securities Purchase Program Millions of dollars Wednesday Account name May 27, 2009 Mortgage-backed securities held outright (1) 427,552 Commitments to buy mortgage-backed securities (2) 181,878 Commitments to sell mortgage-backed securities (2) 114,311 Cash and cash equivalents (3) 1,160 1. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the underlying mortgages. 2. Current face value. Generally settle within 180 days and include commitments associated with outright transactions as well as dollar rolls. 3. This amount is included in other Federal Reserve assets in table 1 and in other assets in table 9 and table 10. 4. Information on Principal Accounts of Maiden Lane LLC Millions of dollars Wednesday Account name May 27, 2009 Net portfolio holdings of Maiden Lane LLC (1) 25,717 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) 326 Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3) 1,212 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 Wednesday Account name May 27, 2009 Net portfolio holdings of Maiden Lane II LLC (1) 16,252 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) 138 Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc. (3) 1,017 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 Wednesday Account name May 27, 2009 Net portfolio holdings of Maiden Lane III LLC (1) 20,379 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) 187 Outstanding principal amount and accrued interest on loan payable to American International Group, Inc. (3) 5,093 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 Wednesday Account name May 27, 2009 Commercial paper holdings, net (1) 145,718 Other investments, net 3,671 Net portfolio holdings of Commercial Paper Funding Facility LLC 149,389 Memorandum: Commercial paper holdings, face value 146,504 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 145,587 Accrued interest payable to the Federal Reserve Bank of New York (2) 40 1. Book value, which includes amortized cost and related fees. 2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 10. Note: On October 27, 2008, the Federal Reserve Bank of New York began extending loans under the authority of section 13(3) of the Federal Reserve Act to Commercial Paper Funding Facility LLC. This LLC is a limited liability company formed to purchase three-month U.S. dollar-denominated commercial paper from eligible issuers and thereby foster liquidity in short-term funding markets and increase the availability of credit for businesses and households. 8. Information on Principal Accounts of LLCs Funded through the Money Market Investor Funding Facility Millions of dollars Wednesday Account name May 27, 2009 Money market instrument holdings, net (1) 0 Other investments, net 0 Net portfolio holdings of LLCs funded through the Money Market Investor Funding Facility 0 Memorandum: Money market instrument holdings, face value 0 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 0 Accrued interest payable to the Federal Reserve Bank of New York (2) 0 Commercial paper issued by LLCs funded through the Money Market Investor Funding Facility, net of related discounts 0 1. Book value, which includes amortized cost. 2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 10. Note: The Federal Reserve Board authorized the Federal Reserve Bank of New York to extend credit under the authority of section 13(3) of the Federal Reserve Act to a series of limited liability companies funded through the Money Market Investor Funding Facility (MMIFF). The MMIFF became operational on November 24, 2008. These limited liability companies were established to purchase short-term U.S. dollar-denominated certificates of deposit, bank notes, and outstanding asset-backed commercial paper from eligible issuers. Such purchases are designed to foster liquidity in short-term money markets. 9. Consolidated Statement of Condition of All Federal Reserve Banks Millions of dollars Eliminations Change since from Wednesday Wednesday Wednesday Assets, liabilities, and capital consolidation May 27, 2009 May 20, 2009 May 28, 2008 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 2,200 0 0 Coin 1,790 - 28 + 472 Securities, repurchase agreements, term auction credit, and other loans 1,603,559 - 43,051 + 818,247 Securities held outright 1,107,447 + 16,021 + 616,356 U.S. Treasury securities (1) 600,142 + 16,871 + 109,051 Bills (2) 18,423 0 - 15,873 Notes and bonds, nominal (2) 534,022 + 15,097 + 121,630 Notes and bonds, inflation-indexed (2) 42,803 + 1,550 + 3,632 Inflation compensation (3) 4,894 + 223 - 338 Federal agency debt securities (2) 79,753 + 3,079 + 79,753 Mortgage-backed securities (4) 427,552 - 3,928 + 427,552 Repurchase agreements (5) 0 0 - 115,000 Term auction credit 372,540 - 56,295 + 222,540 Other loans 123,572 - 2,777 + 94,350 Net portfolio holdings of Commercial Paper Funding Facility LLC (6) 149,389 - 7,694 + 149,389 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) 25,717 + 34 + 25,717 Net portfolio holdings of Maiden Lane II LLC (9) 16,252 + 89 + 16,252 Net portfolio holdings of Maiden Lane III LLC (10) 20,379 + 14 + 20,379 Items in process of collection (527) 1,259 + 852 - 643 Bank premises 2,198 + 2 + 46 Central bank liquidity swaps (11) 181,647 - 53,465 + 119,647 Other assets (12) 66,233 + 1,746 + 26,602 Total assets (527) 2,081,659 - 101,502 +1,176,107 Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table. 9. Consolidated Statement of Condition of All Federal Reserve Banks (continued) Millions of dollars Eliminations Change since from Wednesday Wednesday Wednesday Assets, liabilities, and capital consolidation May 27, 2009 May 20, 2009 May 28, 2008 Liabilities Federal Reserve notes, net of F.R. Bank holdings 870,017 + 3,552 + 82,321 Reverse repurchase agreements (13) 65,879 - 1,879 + 27,514 Deposits (0) 1,090,438 - 105,524 +1,058,777 Depository institutions 877,011 - 78,209 + 850,123 U.S. Treasury, general account 11,048 - 26,881 + 6,633 U.S. Treasury, supplementary financing account 199,932 + 2 + 199,932 Foreign official 2,132 - 469 + 2,034 Other (0) 315 + 33 + 55 Deferred availability cash items (527) 4,120 + 1,316 + 511 Other liabilities and accrued dividends (14) 6,283 - 85 + 2,571 Total liabilities (527) 2,036,737 - 102,620 +1,171,695 Capital accounts Capital paid in 24,027 + 200 + 4,113 Surplus 19,174 + 630 + 695 Other capital accounts 1,721 + 288 - 396 Total capital 44,922 + 1,118 + 4,412 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 27, 2009 Millions of dollars Kansas San Assets, liabilities, and capital Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas Francisco Assets Gold certificate account 11,037 412 3,895 450 467 882 1,356 911 329 197 335 621 1,182 Special drawing rights certificate acct. 2,200 115 874 83 104 147 166 212 71 30 66 98 234 Coin 1,790 67 80 149 143 236 202 222 38 62 129 177 286 Securities, repurchase agreements, term auction credit, and other loans 1,603,559 60,686 742,131 32,659 50,693 105,711 150,209 127,505 47,277 19,292 52,318 58,088 156,988 Securities held outright 1,107,447 21,244 432,874 17,181 43,753 39,909 133,432 119,838 43,386 18,334 49,989 53,547 133,960 U.S. Treasury securities (1) 600,142 11,513 234,581 9,311 23,710 21,627 72,309 64,942 23,511 9,936 27,090 29,018 72,595 Bills (2) 18,423 353 7,201 286 728 664 2,220 1,994 722 305 832 891 2,228 Notes and bonds (3) 581,719 11,159 227,380 9,025 22,983 20,963 70,089 62,948 22,790 9,631 26,258 28,127 70,367 Federal agency debt securities (2) 79,753 1,530 31,173 1,237 3,151 2,874 9,609 8,630 3,124 1,320 3,600 3,856 9,647 Mortgage-backed securities (4) 427,552 8,202 167,120 6,633 16,892 15,408 51,514 46,266 16,750 7,078 19,299 20,673 51,718 Repurchase agreements (5) 0 0 0 0 0 0 0 0 0 0 0 0 0 Term auction credit 372,540 13,337 216,558 15,324 6,940 64,993 16,559 5,900 3,834 771 2,301 4,195 21,830 Other loans 123,572 26,105 92,699 154 0 810 218 1,768 58 187 28 346 1,199 Net portfolio holdings of Commercial Paper Funding Facility LLC (6) 149,389 0 149,389 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) 25,717 0 25,717 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of Maiden Lane II LLC (9) 16,252 0 16,252 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of Maiden Lane III LLC (10) 20,379 0 20,379 0 0 0 0 0 0 0 0 0 0 Items in process of collection 1,786 51 0 195 130 99 431 155 341 89 109 93 94 Bank premises 2,198 122 216 67 146 236 223 208 135 112 271 249 213 Central bank liquidity swaps (11) 181,647 7,586 42,667 20,800 13,945 53,730 14,480 6,320 1,884 2,914 1,868 2,435 13,017 Other assets (12) 66,233 1,828 22,858 3,389 3,452 8,654 6,822 5,208 1,872 1,086 2,101 2,323 6,640 Interdistrict settlement account 0 + 14,048 - 48,608 + 500 + 5,153 + 87,068 - 21,382 - 35,745 - 16,710 - 1,198 - 5,895 - 1,914 + 24,684 Total assets 2,082,185 84,913 975,849 58,292 74,234 256,763 152,506 104,996 35,236 22,584 51,303 62,169 203,339 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 27, 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 1,050,272 36,543 373,764 40,240 45,285 80,385 132,963 87,459 31,325 20,042 28,855 62,946 110,466 Less: Notes held by F.R. Banks 180,255 4,612 58,148 5,029 7,565 11,760 28,284 12,463 4,100 2,934 3,137 18,822 23,401 Federal Reserve notes, net 870,017 31,931 315,616 35,210 37,720 68,625 104,678 74,996 27,226 17,108 25,718 44,124 87,065 Reverse repurchase agreements (13) 65,879 1,264 25,750 1,022 2,603 2,374 7,937 7,129 2,581 1,091 2,974 3,185 7,969 Deposits 1,090,438 49,573 620,037 16,327 29,906 171,952 35,775 20,349 4,428 2,747 21,756 13,811 103,776 Depository institutions 877,011 49,558 406,753 16,323 29,902 171,851 35,772 20,347 4,420 2,747 21,755 13,810 103,774 U.S. Treasury, general account 11,048 0 11,048 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 2,132 2 2,103 4 3 11 3 1 0 1 0 1 3 Other 315 13 201 0 1 90 0 1 7 0 1 0 0 Deferred availability cash items 4,647 147 0 664 541 193 417 516 335 402 265 275 891 Other liabilities and accrued dividends (14) 6,283 146 3,501 182 211 501 425 338 165 117 141 191 364 Total liabilities 2,037,263 83,060 964,904 53,406 70,980 243,645 149,234 103,327 34,735 21,466 50,854 61,586 200,066 Capital Capital paid in 24,027 920 7,240 2,427 1,619 6,522 1,562 792 238 633 206 273 1,593 Surplus 19,174 844 3,705 2,316 1,552 5,981 1,612 704 210 324 208 271 1,449 Other capital 1,721 89 0 144 83 614 98 174 54 160 34 39 231 Total liabilities and capital 2,082,185 84,913 975,849 58,292 74,234 256,763 152,506 104,996 35,236 22,584 51,303 62,169 203,339 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 27, 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 27, 2009 Federal Reserve notes outstanding 1,050,272 Less: Notes held by F.R. Banks not subject to collateralization 180,255 Federal Reserve notes to be collateralized 870,017 Collateral held against Federal Reserve notes 870,017 Gold certificate account 11,037 Special drawing rights certificate account 2,200 U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 856,780 Other assets pledged 0 Memo: Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 1,107,447 Less: Face value of securities under reverse repurchase agreements 65,897 U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 1,041,549 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.