FEDERAL RESERVE statistical release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks August 6, 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 Aug 5, 2009 Jul 29, 2009 Aug 6, 2008 Aug 5, 2009 Reserve Bank credit 1,977,908 - 32,140 +1,087,368 1,973,599 Securities held outright (1) 1,354,082 + 10,191 + 874,791 1,356,282 U.S. Treasury securities 704,357 + 9,039 + 225,066 705,331 Bills (2) 18,423 0 - 3,317 18,423 Notes and bonds, nominal (2) 636,013 + 8,867 + 224,282 636,919 Notes and bonds, inflation-indexed (2) 44,566 + 128 + 4,734 44,588 Inflation compensation (3) 5,355 + 44 - 633 5,401 Federal agency debt securities (2) 106,837 + 2,771 + 106,837 108,066 Mortgage-backed securities (4) 542,888 - 1,619 + 542,888 542,885 Repurchase agreements (5) 0 0 - 110,500 0 Term auction credit 233,651 - 3,978 + 83,651 233,598 Other loans 107,842 - 689 + 90,379 105,737 Primary credit 35,090 + 1,287 + 17,720 33,187 Secondary credit 249 + 144 + 249 870 Seasonal credit 89 + 1 - 4 99 Primary dealer and other broker-dealer credit (6) 0 0 0 0 Asset-Backed Commercial Paper Money Market Mutual Fund Liquidity Facility 515 - 558 + 515 113 Credit extended to American International Group, Inc., net (7) 41,616 - 1,438 + 41,616 41,335 Term Asset-Backed Securities Loan Facility 30,284 - 124 + 30,284 30,132 Other credit extensions 0 0 0 0 Net portfolio holdings of Commercial Paper Funding Facility LLC (8) 64,744 - 29,670 + 64,744 61,163 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) 25,899 - 130 - 3,206 25,949 Net portfolio holdings of Maiden Lane II LLC (11) 15,145 - 527 + 15,145 15,147 Net portfolio holdings of Maiden Lane III LLC (12) 21,165 + 1,999 + 21,165 21,304 Float -1,933 - 155 - 746 -2,356 Central bank liquidity swaps (13) 77,389 - 10,349 + 15,389 76,271 Other Federal Reserve assets (14) 79,924 + 1,168 + 36,556 80,504 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding (15) 42,429 - 54 + 3,753 42,417 Total factors supplying reserve funds 2,033,578 - 32,194 +1,091,121 2,029,257 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 Aug 5, 2009 Jul 29, 2009 Aug 6, 2008 Aug 5, 2009 Currency in circulation (15) 910,549 + 1,892 + 79,053 912,344 Reverse repurchase agreements (16) 67,799 + 1,593 + 24,009 66,834 Foreign official and international accounts 67,799 + 1,593 + 24,009 66,834 Dealers 0 0 0 0 Treasury cash holdings 300 - 32 - 15 290 Deposits with F.R. Banks, other than reserve balances 279,831 + 10,919 + 267,472 273,022 U.S. Treasury, general account 70,812 + 9,406 + 65,932 61,522 U.S. Treasury, supplementary financing account 199,935 - 1 + 199,935 199,935 Foreign official 3,099 + 1,067 + 2,984 3,231 Service-related 5,119 - 33 - 1,897 5,119 Required clearing balances 5,119 - 33 - 1,897 5,119 Adjustments to compensate for float 0 0 0 0 Other 867 + 481 + 519 3,214 Other liabilities and capital (17) 57,064 + 19 + 12,925 57,256 Total factors, other than reserve balances, absorbing reserve funds 1,315,543 + 14,391 + 383,443 1,309,746 Reserve balances with Federal Reserve Banks 718,034 - 46,586 + 707,676 719,511 Note: Components may not sum to totals because of rounding. 1. Includes securities lent to dealers under the overnight and term securities lending facilities; refer to table 1A. 2. Face value of the securities. 3. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed securities. 4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the underlying mortgages. 5. Cash value of agreements. 6. Includes credit extended through the Primary Dealer Credit Facility and credit extended to certain other broker-dealers. 7. Includes outstanding principal and capitalized interest net of unamortized deferred commitment fees and allowance for loan restructuring. Excludes credit extended to consolidated LLCs. 8. Refer to table 7 and the note on consolidation accompanying table 10. 9. Refer to table 8 and the note on consolidation accompanying table 10. 10. Refer to table 4 and the note on consolidation accompanying table 10. 11. Refer to table 5 and the note on consolidation accompanying table 10. 12. Refer to table 6 and the note on consolidation accompanying table 10. 13. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the foreign central bank. 14. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates. 15. Estimated. 16. Cash value of agreements, which are collateralized by U.S. Treasury securities. 17. Includes the liabilities of Commercial Paper Funding Facility LLC, the LLCs funded through the Money Market Investor Funding Facility, Maiden Lane LLC, Maiden Lane II LLC, and Maiden Lane III LLC to entities other than the Federal Reserve Bank of New York, including liabilities that have recourse only to the portfolio holdings of these LLCs. Refer to table 4 through table 8 and the note on consolidation accompanying table 10. Sources: Federal Reserve Banks and the U.S. Department of the Treasury. 1A. Memorandum Items Millions of dollars Averages of daily figures Memorandum item Week ended Change from week ended Wednesday Aug 5, 2009 Jul 29, 2009 Aug 6, 2008 Aug 5, 2009 Marketable securities held in custody for foreign official and international accounts (1) 2,810,152 + 16,989 + 414,468 2,812,398 U.S. Treasury securities 2,023,277 + 22,104 + 604,434 2,027,710 Federal agency securities (2) 786,875 - 5,115 - 189,967 784,688 Securities lent to dealers 11,792 + 873 - 121,067 11,780 Overnight facility (3) 9,092 + 873 + 1,095 9,080 U.S. Treasury securities 8,837 + 799 + 840 8,892 Federal agency debt securities 254 + 73 + 254 188 Term facility (4) 2,700 0 - 122,162 2,700 Note: Components may not sum to totals because of rounding. 1. Face value of the securities. Includes U.S. Treasury STRIPS, other zero-coupon bonds, and mortgage-backed securities at face value. 2. Includes debt and mortgage-backed securities. 3. Fully collateralized by U.S. Treasury securities. 4. U.S. Treasury securities only. Fully collateralized by U.S. Treasury securities, federal agency securities, and other highly rated debt securities. 2. Maturity Distribution of Term Auction Credit, Other Loans, and Securities, August 5, 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 55,457 178,140 --- --- --- --- 233,598 Other loans (1) 31,920 2,349 0 71,468 0 --- 105,737 U.S. Treasury securities (2) Holdings 24,068 14,820 64,561 282,516 184,669 134,697 705,331 Weekly changes + 5,183 - 5,204 + 564 + 5,131 + 719 + 3,180 + 9,573 Federal agency debt securities (3) Holdings 0 750 12,751 70,877 22,361 1,327 108,066 Weekly changes 0 0 0 + 993 + 1,158 0 + 2,151 Mortgage-backed securities (4) Holdings 0 0 0 0 0 542,885 542,885 Weekly changes 0 0 0 0 0 - 3 - 3 Commercial paper held by Commercial Paper Funding Facility LLC (5) 8,085 48,912 0 --- --- --- 56,997 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) 59,176 17,095 0 0 0 0 76,271 Reverse repurchase agreements (7) 66,834 0 --- --- --- --- 66,834 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 Aug 5, 2009 Mortgage-backed securities held outright (1) 542,885 Commitments to buy mortgage-backed securities (2) 173,418 Commitments to sell mortgage-backed securities (2) 19,180 Cash and cash equivalents (3) 9 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 Aug 5, 2009 Net portfolio holdings of Maiden Lane LLC (1) 25,949 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) 354 Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3) 1,223 1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of June 30, 2009. Any assets purchased after this valuation date are initially recorded at cost until their estimated fair value as of the purchase date becomes available. 2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 10. 3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 9 and table 10. Note: On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended credit to Maiden Lane LLC under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to acquire certain assets of Bear Stearns and to manage those assets through time to maximize repayment of the credit extended and to minimize disruption to financial markets. Payments by Maiden Lane LLC from the proceeds of the net portfolio holdings will be made in the following order: operating expenses of the LLC, principal due to the FRBNY, interest due to the FRBNY, principal due to JPMorgan Chase & Co., and interest due to JPMorgan Chase & Co. Any remaining funds will be paid to the FRBNY. 5. Information on Principal Accounts of Maiden Lane II LLC Millions of dollars Wednesday Account name Aug 5, 2009 Net portfolio holdings of Maiden Lane II LLC (1) 15,147 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) 182 Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc. (3) 1,023 1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of June 30, 2009. Any assets purchased after this valuation date are initially recorded at cost until their estimated fair value as of the purchase date becomes available. 2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 10. 3. Book value. The deferred payment represents the portion of the proceeds of the net portfolio holdings due to subsidiaries of American International Group, Inc. in accordance with the asset purchase agreement. The fair value of this payment and accrued interest payable are included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 9 and table 10. Note: On December 12, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden Lane II LLC under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to purchase residential mortgage-backed securities from the U.S. securities lending reinvestment portfolio of subsidiaries of American International Group, Inc. (AIG subsidiaries). Payments by Maiden Lane II LLC from the proceeds of the net portfolio holdings will be made in the following order: operating expenses of Maiden Lane II LLC, principal due to the FRBNY, interest due to the FRBNY, and deferred payment and interest due to AIG subsidiaries. Any remaining funds will be shared by the FRBNY and AIG subsidiaries. 6. Information on Principal Accounts of Maiden Lane III LLC Millions of dollars Wednesday Account name Aug 5, 2009 Net portfolio holdings of Maiden Lane III LLC (1) 21,304 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) 242 Outstanding principal amount and accrued interest on loan payable to American International Group, Inc. (3) 5,125 1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of June 30, 2009. Any assets purchased after this valuation date are initially recorded at cost until their estimated fair value as of the purchase date becomes available. 2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 10. 3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 9 and table 10. Note: On November 25, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden Lane III LLC under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to purchase multi-sector collateralized debt obligations (CDOs) on which the Financial Products group of American International Group, Inc. (AIG) has written credit default swap (CDS) contracts. In connection with the purchase of CDOs, the CDS counterparties will concurrently unwind the related CDS transactions. Payments by Maiden Lane III LLC from the proceeds of the net portfolio holdings will be made in the following order: operating expenses of Maiden Lane III LLC, principal due to the FRBNY, interest due to the FRBNY, principal due to AIG, and interest due to AIG. Any remaining funds will be shared by the FRBNY and AIG. 7. Information on Principal Accounts of Commercial Paper Funding Facility LLC Millions of dollars Wednesday Account name Aug 5, 2009 Commercial paper holdings, net (1) 56,712 Other investments, net 4,451 Net portfolio holdings of Commercial Paper Funding Facility LLC 61,163 Memorandum: Commercial paper holdings, face value 56,997 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 56,611 Accrued interest payable to the Federal Reserve Bank of New York (2) 12 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 Aug 5, 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 Aug 5, 2009 Jul 29, 2009 Aug 6, 2008 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 2,200 0 0 Coin 1,936 + 41 + 557 Securities, repurchase agreements, term auction credit, and other loans 1,695,617 + 3,547 + 944,033 Securities held outright (1) 1,356,282 + 11,721 + 876,952 U.S. Treasury securities 705,331 + 9,573 + 226,001 Bills (2) 18,423 0 - 3,317 Notes and bonds, nominal (2) 636,919 + 9,344 + 225,188 Notes and bonds, inflation-indexed (2) 44,588 + 150 + 4,756 Inflation compensation (3) 5,401 + 78 - 626 Federal agency debt securities (2) 108,066 + 2,151 + 108,066 Mortgage-backed securities (4) 542,885 - 3 + 542,885 Repurchase agreements (5) 0 0 - 104,750 Term auction credit 233,598 - 4,023 + 83,598 Other loans 105,737 - 4,151 + 88,233 Net portfolio holdings of Commercial Paper Funding Facility LLC (6) 61,163 - 6,137 + 61,163 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) 25,949 + 79 - 3,190 Net portfolio holdings of Maiden Lane II LLC (9) 15,147 + 3 + 15,147 Net portfolio holdings of Maiden Lane III LLC (10) 21,304 + 167 + 21,304 Items in process of collection (451) 586 + 356 - 1,928 Bank premises 2,208 - 7 + 48 Central bank liquidity swaps (11) 76,271 - 11,467 + 14,271 Other assets (12) 78,316 + 2,098 + 37,201 Total assets (451) 1,991,734 - 11,319 +1,088,607 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 Aug 5, 2009 Jul 29, 2009 Aug 6, 2008 Liabilities Federal Reserve notes, net of F.R. Bank holdings 872,150 + 1,575 + 76,302 Reverse repurchase agreements (13) 66,834 + 824 + 23,636 Deposits (0) 992,553 - 15,020 + 976,488 Depository institutions 724,650 - 22,474 + 713,788 U.S. Treasury, general account 61,522 + 3,697 + 56,724 U.S. Treasury, supplementary financing account 199,935 - 1 + 199,935 Foreign official 3,231 + 1,053 + 3,130 Other (0) 3,214 + 2,703 + 2,911 Deferred availability cash items (450) 2,942 + 340 - 1,227 Other liabilities and accrued dividends (14) 6,860 + 135 + 3,328 Total liabilities (451) 1,941,338 - 12,148 +1,078,526 Capital accounts Capital paid in 24,586 + 64 + 4,649 Surplus 21,306 + 9 + 2,804 Other capital accounts 4,504 + 755 + 2,629 Total capital 50,396 + 829 + 10,081 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, August 5, 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 1,936 65 78 159 160 247 236 233 41 61 140 202 315 Securities, repurchase agreements, term auction credit, and other loans 1,695,617 36,615 808,230 29,060 60,055 52,504 166,887 151,767 55,477 23,064 63,277 67,621 181,061 Securities held outright (1) 1,356,282 26,018 530,137 21,041 53,584 48,876 163,413 146,764 53,134 22,454 61,221 65,578 164,060 U.S. Treasury securities 705,331 13,530 275,696 10,943 27,866 25,418 84,983 76,324 27,632 11,677 31,838 34,104 85,319 Bills (2) 18,423 353 7,201 286 728 664 2,220 1,994 722 305 832 891 2,228 Notes and bonds (3) 686,908 13,177 268,496 10,657 27,138 24,754 82,763 74,331 26,910 11,372 31,006 33,213 83,091 Federal agency debt securities (2) 108,066 2,073 42,240 1,677 4,269 3,894 13,020 11,694 4,234 1,789 4,878 5,225 13,072 Mortgage-backed securities (4) 542,885 10,414 212,201 8,422 21,448 19,564 65,410 58,746 21,268 8,988 24,505 26,249 65,669 Repurchase agreements (5) 0 0 0 0 0 0 0 0 0 0 0 0 0 Term auction credit 233,598 10,312 176,074 7,961 6,471 3,325 3,160 3,646 2,274 441 2,054 1,911 15,969 Other loans 105,737 285 102,018 57 0 302 313 1,357 70 169 1 131 1,032 Net portfolio holdings of Commercial Paper Funding Facility LLC (6) 61,163 0 61,163 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) 25,949 0 25,949 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of Maiden Lane II LLC (9) 15,147 0 15,147 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of Maiden Lane III LLC (10) 21,304 0 21,304 0 0 0 0 0 0 0 0 0 0 Items in process of collection 1,036 46 0 128 99 56 307 64 62 45 66 58 104 Bank premises 2,208 121 230 68 146 239 222 206 134 112 270 248 212 Central bank liquidity swaps (11) 76,271 3,129 18,940 8,580 5,753 22,164 5,973 2,607 777 1,202 771 1,004 5,370 Other assets (12) 78,316 2,058 27,421 3,646 3,948 9,200 8,285 6,500 2,337 1,290 2,637 2,893 8,102 Interdistrict settlement account 0 + 10,610 - 18,209 + 16,586 - 2,116 + 164,097 - 32,883 - 53,337 - 22,947 - 3,548 - 20,907 - 6,555 - 30,791 Total assets 1,992,185 53,171 965,021 58,760 68,616 249,535 150,550 109,164 36,282 22,453 46,653 66,189 165,790 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, August 5, 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 1,056,475 35,748 382,525 39,881 45,010 83,177 131,892 86,152 31,060 19,783 28,945 62,291 110,012 Less: Notes held by F.R. Banks 184,326 4,838 57,179 6,776 8,334 12,568 26,163 13,428 4,386 3,361 3,400 18,134 25,757 Federal Reserve notes, net 872,150 30,910 325,345 33,105 36,675 70,609 105,729 72,724 26,674 16,423 25,545 44,157 84,255 Reverse repurchase agreements (13) 66,834 1,282 26,124 1,037 2,640 2,408 8,053 7,232 2,618 1,106 3,017 3,232 8,084 Deposits 992,553 18,851 594,573 18,857 25,369 162,303 32,584 26,743 6,132 3,270 17,211 17,637 69,023 Depository institutions 724,650 18,848 326,835 18,852 25,366 162,180 32,574 26,741 6,120 3,269 17,209 17,637 69,018 U.S. Treasury, general account 61,522 0 61,522 0 0 0 0 0 0 0 0 0 0 U.S. Treasury, supplementary financing account 199,935 0 199,935 0 0 0 0 0 0 0 0 0 0 Foreign official 3,231 2 3,202 4 3 11 3 1 0 1 0 1 3 Other 3,215 1 3,079 0 0 111 7 1 11 0 1 0 2 Deferred availability cash items 3,392 118 0 442 380 141 352 330 139 291 233 337 628 Other liabilities and accrued dividends (14) 6,860 141 3,797 151 218 422 508 431 203 121 182 235 451 Total liabilities 1,941,789 51,301 949,839 53,591 65,284 235,884 147,225 107,460 35,767 21,211 46,188 65,597 162,441 Capital Capital paid in 24,586 921 7,247 2,607 1,635 6,876 1,562 793 236 621 208 273 1,607 Surplus 21,306 844 5,835 2,316 1,552 5,982 1,612 704 209 324 208 271 1,449 Other capital 4,504 105 2,100 246 145 794 151 207 70 297 49 47 293 Total liabilities and capital 1,992,185 53,171 965,021 58,760 68,616 249,535 150,550 109,164 36,282 22,453 46,653 66,189 165,790 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, August 5, 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 Aug 5, 2009 Federal Reserve notes outstanding 1,056,475 Less: Notes held by F.R. Banks not subject to collateralization 184,326 Federal Reserve notes to be collateralized 872,150 Collateral held against Federal Reserve notes 872,150 Gold certificate account 11,037 Special drawing rights certificate account 2,200 U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 858,913 Other assets pledged 0 Memo: Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 1,356,282 Less: Face value of securities under reverse repurchase agreements 65,020 U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 1,291,262 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.