FEDERAL RESERVE statistical release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks July 9, 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 Jul 8, 2009 Jul 1, 2009 Jul 9, 2008 Jul 8, 2009 Reserve Bank credit 1,977,499 - 9,453 +1,089,892 1,976,815 Securities held outright 1,228,765 + 12,438 + 749,840 1,233,781 U.S. Treasury securities (1) 668,489 + 11,494 + 189,564 673,500 Bills (2) 18,423 0 - 3,317 18,423 Notes and bonds, nominal (2) 602,211 + 11,463 + 189,819 607,211 Notes and bonds, inflation-indexed (2) 42,803 0 + 3,632 42,803 Inflation compensation (3) 5,052 + 30 - 570 5,063 Federal agency debt securities (2) 97,828 + 1,030 + 97,828 97,828 Mortgage-backed securities (4) 462,449 - 85 + 462,449 462,453 Repurchase agreements (5) 0 0 - 113,357 0 Term auction credit 273,706 - 9,102 + 123,706 273,706 Other loans 116,367 - 2,508 + 103,353 112,482 Primary credit 34,966 - 944 + 22,110 34,520 Secondary credit 0 - 3 - 57 0 Seasonal credit 70 + 7 - 31 69 Primary dealer and other broker-dealer credit (6) 0 0 0 0 Asset-Backed Commercial Paper Money Market Mutual Fund Liquidity Facility 12,610 - 2,312 + 12,610 9,555 Credit extended to American International Group, Inc. (7) 43,762 + 928 + 43,762 43,464 Term Asset-Backed Securities Loan Facility 24,959 - 184 + 24,959 24,873 Other credit extensions 0 0 0 0 Net portfolio holdings of Commercial Paper Funding Facility LLC (8) 114,162 - 5,507 + 114,162 112,894 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) 25,930 + 34 - 2,970 25,955 Net portfolio holdings of Maiden Lane II LLC (11) 15,924 - 65 + 15,924 15,742 Net portfolio holdings of Maiden Lane III LLC (12) 19,504 - 658 + 19,504 18,779 Float -2,189 - 200 - 828 -2,332 Central bank liquidity swaps (13) 109,438 - 5,861 + 47,438 109,144 Other Federal Reserve assets (14) 75,891 + 1,974 + 33,119 76,663 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding (15) 42,445 + 14 + 3,768 42,445 Total factors supplying reserve funds 2,033,184 - 9,440 +1,093,660 2,032,501 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 Jul 8, 2009 Jul 1, 2009 Jul 9, 2008 Jul 8, 2009 Currency in circulation (15) 911,969 + 4,029 + 79,074 913,081 Reverse repurchase agreements (16) 70,182 - 708 + 27,198 67,844 Foreign official and international accounts 70,182 - 708 + 27,198 67,844 Dealers 0 0 0 0 Treasury cash holdings 341 + 20 + 66 347 Deposits with F.R. Banks, other than reserve balances 244,315 - 37,755 + 231,586 251,027 U.S. Treasury, general account 34,200 - 37,790 + 29,020 36,910 U.S. Treasury, supplementary financing account 199,939 0 + 199,939 199,939 Foreign official 2,580 + 601 + 2,480 3,033 Service-related 4,189 0 - 3,006 4,189 Required clearing balances 4,189 0 - 3,006 4,189 Adjustments to compensate for float 0 0 0 0 Other 3,408 - 565 + 3,154 6,957 Other liabilities and capital (17) 54,791 + 190 + 10,692 55,292 Total factors, other than reserve balances, absorbing reserve funds 1,281,598 - 34,224 + 348,616 1,287,592 Reserve balances with Federal Reserve Banks 751,586 + 24,784 + 745,044 744,910 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 Jul 8, 2009 Jul 1, 2009 Jul 9, 2008 Jul 8, 2009 Marketable securities held in custody for foreign official and international accounts (1) 2,786,687 + 20,532 + 436,649 2,778,898 U.S. Treasury securities 1,981,965 + 21,737 + 606,543 1,975,609 Federal agency securities (2) 804,722 - 1,206 - 169,894 803,289 Securities lent to dealers 10,142 - 8,336 - 99,633 13,485 Overnight facility (3) 5,892 - 5,836 - 129 9,235 Term facility (4) 4,250 - 2,500 - 99,504 4,250 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, July 8, 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 83,830 189,877 --- --- --- --- 273,706 Other loans (1) 34,736 9,330 79 68,338 0 --- 112,482 U.S. Treasury securities (2) Holdings 13,719 25,815 62,445 266,166 177,120 128,236 673,500 Weekly changes - 3,520 + 5,504 - 1,981 + 4,436 + 2,580 + 3,011 + 10,030 Federal agency debt securities (3) Holdings 196 750 7,370 67,348 20,952 1,212 97,828 Weekly changes + 196 - 196 0 0 0 0 0 Mortgage-backed securities (4) Holdings 0 0 0 0 0 462,453 462,453 Weekly changes 0 0 0 0 0 + 9 + 9 Commercial paper held by Commercial Paper Funding Facility LLC (5) 5,928 103,307 0 --- --- --- 109,235 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) 75,822 33,322 0 0 0 0 109,144 Reverse repurchase agreements (7) 67,844 0 --- --- --- --- 67,844 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 Jul 8, 2009 Mortgage-backed securities held outright (1) 462,453 Commitments to buy mortgage-backed securities (2) 216,622 Commitments to sell mortgage-backed securities (2) 59,911 Cash and cash equivalents (3) 12 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 Jul 8, 2009 Net portfolio holdings of Maiden Lane LLC (1) 25,955 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) 343 Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3) 1,219 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 Jul 8, 2009 Net portfolio holdings of Maiden Lane II LLC (1) 15,742 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 17,232 Accrued interest payable to the Federal Reserve Bank of New York (2) 164 Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc. (3) 1,020 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 Jul 8, 2009 Net portfolio holdings of Maiden Lane III LLC (1) 18,779 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 20,757 Accrued interest payable to the Federal Reserve Bank of New York (2) 221 Outstanding principal amount and accrued interest on loan payable to American International Group, Inc. (3) 5,112 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 Jul 8, 2009 Commercial paper holdings, net (1) 108,930 Other investments, net 3,964 Net portfolio holdings of Commercial Paper Funding Facility LLC 112,894 Memorandum: Commercial paper holdings, face value 109,235 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 108,568 Accrued interest payable to the Federal Reserve Bank of New York (2) 48 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 Jul 8, 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 Jul 8, 2009 Jul 1, 2009 Jul 9, 2008 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 2,200 0 0 Coin 1,777 - 1 + 478 Securities, repurchase agreements, term auction credit, and other loans 1,619,970 - 5,650 + 870,688 Securities held outright 1,233,781 + 10,039 + 754,830 U.S. Treasury securities (1) 673,500 + 10,030 + 194,549 Bills (2) 18,423 0 - 3,317 Notes and bonds, nominal (2) 607,211 + 9,999 + 194,819 Notes and bonds, inflation-indexed (2) 42,803 0 + 3,632 Inflation compensation (3) 5,063 + 31 - 585 Federal agency debt securities (2) 97,828 0 + 97,828 Mortgage-backed securities (4) 462,453 + 9 + 462,453 Repurchase agreements (5) 0 0 - 107,000 Term auction credit 273,706 - 9,102 + 123,706 Other loans 112,482 - 6,588 + 99,150 Net portfolio holdings of Commercial Paper Funding Facility LLC (6) 112,894 - 1,799 + 112,894 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) 25,955 + 30 - 2,989 Net portfolio holdings of Maiden Lane II LLC (9) 15,742 - 319 + 15,742 Net portfolio holdings of Maiden Lane III LLC (10) 18,779 - 1,393 + 18,779 Items in process of collection (314) 371 - 405 - 1,297 Bank premises 2,199 + 3 + 45 Central bank liquidity swaps (11) 109,144 - 5,441 + 47,144 Other assets (12) 74,520 + 2,158 + 33,667 Total assets (314) 1,994,588 - 12,816 +1,095,150 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 Jul 8, 2009 Jul 1, 2009 Jul 9, 2008 Liabilities Federal Reserve notes, net of F.R. Bank holdings 872,756 + 1,465 + 77,097 Reverse repurchase agreements (13) 67,844 - 4,412 + 26,568 Deposits (0) 995,992 - 10,277 + 980,299 Depository institutions 749,154 + 22,894 + 738,144 U.S. Treasury, general account 36,910 - 41,232 + 32,555 U.S. Treasury, supplementary financing account 199,939 0 + 199,939 Foreign official 3,033 + 1,560 + 2,933 Other (0) 6,957 + 6,503 + 6,730 Deferred availability cash items (314) 2,703 - 509 - 528 Other liabilities and accrued dividends (14) 5,771 - 3 + 2,484 Total liabilities (314) 1,945,067 - 13,735 +1,085,921 Capital accounts Capital paid in 24,511 + 14 + 4,631 Surplus 21,273 + 9 + 2,780 Other capital accounts 3,737 + 897 + 1,819 Total capital 49,521 + 920 + 9,230 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, July 8, 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 1,777 60 68 149 143 233 211 218 38 59 129 183 287 Securities, repurchase agreements, term auction credit, and other loans 1,619,970 46,747 763,401 38,328 55,528 63,898 154,340 138,716 51,354 21,036 57,649 62,742 166,231 Securities held outright 1,233,781 23,668 482,255 19,141 48,744 44,462 148,654 133,508 48,335 20,426 55,692 59,655 149,242 U.S. Treasury securities (1) 673,500 12,920 263,255 10,449 26,609 24,271 81,147 72,880 26,385 11,150 30,401 32,565 81,469 Bills (2) 18,423 353 7,201 286 728 664 2,220 1,994 722 305 832 891 2,228 Notes and bonds (3) 655,078 12,566 256,054 10,163 25,881 23,607 78,928 70,886 25,663 10,845 29,570 31,674 79,240 Federal agency debt securities (2) 97,828 1,877 38,239 1,518 3,865 3,525 11,787 10,586 3,833 1,620 4,416 4,730 11,834 Mortgage-backed securities (4) 462,453 8,871 180,762 7,175 18,271 16,665 55,719 50,042 18,117 7,656 20,875 22,360 55,940 Repurchase agreements (5) 0 0 0 0 0 0 0 0 0 0 0 0 0 Term auction credit 273,706 13,342 182,284 18,962 6,723 18,880 5,480 3,790 2,855 386 1,951 3,056 15,998 Other loans 112,482 9,738 98,862 225 61 556 206 1,418 164 224 6 31 991 Net portfolio holdings of Commercial Paper Funding Facility LLC (6) 112,894 0 112,894 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) 25,955 0 25,955 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of Maiden Lane II LLC (9) 15,742 0 15,742 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of Maiden Lane III LLC (10) 18,779 0 18,779 0 0 0 0 0 0 0 0 0 0 Items in process of collection 685 30 0 143 102 53 0 78 53 42 44 83 58 Bank premises 2,199 121 219 67 147 238 222 207 135 112 270 248 213 Central bank liquidity swaps (11) 109,144 4,429 28,002 12,144 8,142 31,370 8,454 3,690 1,100 1,702 1,091 1,421 7,600 Other assets (12) 74,520 1,989 25,858 3,648 3,780 9,013 7,850 6,116 2,190 1,225 2,476 2,721 7,656 Interdistrict settlement account 0 - 3,787 - 17,373 + 590 - 1,251 + 143,590 - 25,647 - 42,072 - 19,612 - 1,613 - 13,049 - 2,296 - 17,480 Total assets 1,994,902 50,116 978,314 55,601 67,162 249,423 146,951 108,075 35,658 22,789 49,011 65,822 165,981 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, July 8, 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 1,053,547 36,062 380,929 39,839 44,944 81,940 132,378 86,729 30,953 19,834 28,724 62,148 109,066 Less: Notes held by F.R. Banks 180,790 4,534 56,821 6,232 8,070 11,867 27,136 12,696 4,003 2,982 3,419 18,585 24,446 Federal Reserve notes, net 872,756 31,529 324,108 33,606 36,874 70,073 105,243 74,033 26,950 16,852 25,305 43,563 84,620 Reverse repurchase agreements (13) 67,844 1,301 26,519 1,053 2,680 2,445 8,174 7,342 2,658 1,123 3,062 3,280 8,207 Deposits 995,992 15,215 609,628 15,249 23,745 162,998 29,564 24,383 5,267 3,198 19,860 17,976 68,910 Depository institutions 749,154 15,205 362,988 15,244 23,741 162,842 29,554 24,380 5,260 3,197 19,858 17,976 68,907 U.S. Treasury, general account 36,910 0 36,910 0 0 0 0 0 0 0 0 0 0 U.S. Treasury, supplementary financing account 199,939 0 199,939 0 0 0 0 0 0 0 0 0 0 Foreign official 3,033 2 3,004 4 3 11 3 1 0 1 0 1 3 Other 6,957 8 6,788 0 0 144 7 2 7 0 1 0 0 Deferred availability cash items 3,017 88 0 470 391 120 278 283 97 311 180 217 582 Other liabilities and accrued dividends (14) 5,771 126 3,201 130 185 360 420 355 175 106 150 200 364 Total liabilities 1,945,381 48,260 963,456 50,507 63,875 235,996 143,679 106,396 35,147 21,590 48,557 65,236 162,683 Capital Capital paid in 24,511 920 7,247 2,607 1,635 6,808 1,559 791 238 632 207 273 1,594 Surplus 21,273 844 5,802 2,316 1,552 5,981 1,612 704 209 324 208 271 1,449 Other capital 3,737 92 1,809 172 100 637 102 185 64 243 39 42 254 Total liabilities and capital 1,994,902 50,116 978,314 55,601 67,162 249,423 146,951 108,075 35,658 22,789 49,011 65,822 165,981 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, July 8, 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 Jul 8, 2009 Federal Reserve notes outstanding 1,053,547 Less: Notes held by F.R. Banks not subject to collateralization 180,790 Federal Reserve notes to be collateralized 872,756 Collateral held against Federal Reserve notes 872,756 Gold certificate account 11,037 Special drawing rights certificate account 2,200 U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 859,520 Other assets pledged 0 Memo: Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 1,233,781 Less: Face value of securities under reverse repurchase agreements 64,381 U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 1,169,401 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.