FEDERAL RESERVE statistical release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks August 13, 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 12, 2009 Aug 5, 2009 Aug 13, 2008 Aug 12, 2009 Reserve Bank credit 1,989,268 + 11,372 +1,102,992 1,999,928 Securities held outright (1) 1,372,692 + 18,610 + 893,296 1,381,862 U.S. Treasury securities 720,910 + 16,553 + 241,514 728,974 Bills (2) 18,423 0 - 3,317 18,423 Notes and bonds, nominal (2) 652,438 + 16,425 + 240,707 660,465 Notes and bonds, inflation-indexed (2) 44,588 + 22 + 4,756 44,588 Inflation compensation (3) 5,462 + 107 - 631 5,498 Federal agency debt securities (2) 108,896 + 2,059 + 108,896 110,003 Mortgage-backed securities (4) 542,885 - 3 + 542,885 542,885 Repurchase agreements (5) 0 0 - 105,786 0 Term auction credit 233,598 - 53 + 83,598 233,598 Other loans 105,977 - 1,865 + 88,170 109,184 Primary credit 33,934 - 1,156 + 16,235 38,024 Secondary credit 805 + 556 + 798 705 Seasonal credit 105 + 16 + 5 110 Primary dealer and other broker-dealer credit (6) 0 0 0 0 Asset-Backed Commercial Paper Money Market Mutual Fund Liquidity Facility 113 - 402 + 113 113 Credit extended to American International Group, Inc., net (7) 41,189 - 427 + 41,189 40,675 Term Asset-Backed Securities Loan Facility 29,831 - 453 + 29,831 29,557 Other credit extensions 0 0 0 0 Net portfolio holdings of Commercial Paper Funding Facility LLC (8) 60,028 - 4,716 + 60,028 58,052 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) 25,954 + 55 - 3,191 25,988 Net portfolio holdings of Maiden Lane II LLC (11) 14,815 - 330 + 14,815 14,818 Net portfolio holdings of Maiden Lane III LLC (12) 20,759 - 406 + 20,759 20,860 Float -2,145 - 201 - 1,018 -2,069 Central bank liquidity swaps (13) 76,283 - 1,106 + 14,283 75,211 Other Federal Reserve assets (14) 81,307 + 1,383 + 38,037 82,423 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding (15) 42,443 + 14 + 3,767 42,431 Total factors supplying reserve funds 2,044,952 + 11,386 +1,106,759 2,055,600 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 12, 2009 Aug 5, 2009 Aug 13, 2008 Aug 12, 2009 Currency in circulation (15) 911,580 + 1,031 + 80,495 913,062 Reverse repurchase agreements (16) 70,304 + 2,505 + 27,846 67,670 Foreign official and international accounts 70,304 + 2,505 + 27,846 67,670 Dealers 0 0 0 0 Treasury cash holdings 286 - 14 - 12 258 Deposits with F.R. Banks, other than reserve balances 258,381 - 21,450 + 245,871 245,506 U.S. Treasury, general account 48,217 - 22,595 + 43,358 35,758 U.S. Treasury, supplementary financing account 199,933 - 2 + 199,933 199,933 Foreign official 3,414 + 315 + 3,095 3,039 Service-related 5,119 0 - 1,887 5,119 Required clearing balances 5,119 0 - 1,887 5,119 Adjustments to compensate for float 0 0 0 0 Other 1,697 + 830 + 1,372 1,657 Other liabilities and capital (17) 57,633 + 569 + 13,845 57,219 Total factors, other than reserve balances, absorbing reserve funds 1,298,183 - 17,360 + 368,044 1,283,716 Reserve balances with Federal Reserve Banks 746,768 + 28,745 + 738,714 771,884 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 12, 2009 Aug 5, 2009 Aug 13, 2008 Aug 12, 2009 Marketable securities held in custody for foreign official and international accounts (1) 2,815,617 + 5,465 + 420,734 2,809,853 U.S. Treasury securities 2,032,395 + 9,118 + 616,567 2,027,022 Federal agency securities (2) 783,222 - 3,653 - 195,832 782,831 Securities lent to dealers 13,249 + 1,457 - 117,905 12,389 Overnight facility (3) 10,549 + 1,457 + 7,712 9,689 U.S. Treasury securities 10,373 + 1,536 + 7,536 9,565 Federal agency debt securities 176 - 78 + 176 124 Term facility (4) 2,700 0 - 125,618 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 12, 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 137,832 95,765 --- --- --- --- 233,598 Other loans (1) 37,513 1,440 0 70,231 0 --- 109,184 U.S. Treasury securities (2) Holdings 26,225 12,664 64,572 295,420 192,654 137,439 728,974 Weekly changes + 2,157 - 2,156 + 11 + 12,904 + 7,985 + 2,742 + 23,643 Federal agency debt securities (3) Holdings 0 750 13,562 70,631 23,189 1,871 110,003 Weekly changes 0 0 + 811 - 246 + 828 + 544 + 1,937 Mortgage-backed securities (4) Holdings 0 0 0 0 0 542,885 542,885 Weekly changes 0 0 0 0 0 0 0 Commercial paper held by Commercial Paper Funding Facility LLC (5) 9,831 43,998 0 --- --- --- 53,830 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) 60,269 14,942 0 0 0 0 75,211 Reverse repurchase agreements (7) 67,670 0 --- --- --- --- 67,670 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 12, 2009 Mortgage-backed securities held outright (1) 542,885 Commitments to buy mortgage-backed securities (2) 200,487 Commitments to sell mortgage-backed securities (2) 25,818 Cash and cash equivalents (3) 4 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 12, 2009 Net portfolio holdings of Maiden Lane LLC (1) 25,988 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) 357 Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3) 1,224 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 12, 2009 Net portfolio holdings of Maiden Lane II LLC (1) 14,818 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 16,899 Accrued interest payable to the Federal Reserve Bank of New York (2) 186 Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc. (3) 1,024 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 12, 2009 Net portfolio holdings of Maiden Lane III LLC (1) 20,860 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 20,196 Accrued interest payable to the Federal Reserve Bank of New York (2) 247 Outstanding principal amount and accrued interest on loan payable to American International Group, Inc. (3) 5,128 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 12, 2009 Commercial paper holdings, net (1) 53,574 Other investments, net 4,478 Net portfolio holdings of Commercial Paper Funding Facility LLC 58,052 Memorandum: Commercial paper holdings, face value 53,830 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 53,467 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 12, 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 12, 2009 Aug 5, 2009 Aug 13, 2008 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 2,200 0 0 Coin 1,913 - 23 + 535 Securities, repurchase agreements, term auction credit, and other loans 1,724,644 + 29,027 + 959,309 Securities held outright (1) 1,381,862 + 25,580 + 902,428 U.S. Treasury securities 728,974 + 23,643 + 249,540 Bills (2) 18,423 0 - 3,317 Notes and bonds, nominal (2) 660,465 + 23,546 + 248,734 Notes and bonds, inflation-indexed (2) 44,588 0 + 4,756 Inflation compensation (3) 5,498 + 97 - 633 Federal agency debt securities (2) 110,003 + 1,937 + 110,003 Mortgage-backed securities (4) 542,885 0 + 542,885 Repurchase agreements (5) 0 0 - 118,250 Term auction credit 233,598 0 + 83,598 Other loans 109,184 + 3,447 + 91,533 Net portfolio holdings of Commercial Paper Funding Facility LLC (6) 58,052 - 3,111 + 58,052 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) 25,988 + 39 - 3,191 Net portfolio holdings of Maiden Lane II LLC (9) 14,818 - 329 + 14,818 Net portfolio holdings of Maiden Lane III LLC (10) 20,860 - 444 + 20,860 Items in process of collection (301) 462 - 124 - 1,138 Bank premises 2,214 + 6 + 52 Central bank liquidity swaps (11) 75,211 - 1,060 + 13,211 Other assets (12) 80,232 + 1,916 + 39,085 Total assets (301) 2,017,632 + 25,898 +1,101,594 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 12, 2009 Aug 5, 2009 Aug 13, 2008 Liabilities Federal Reserve notes, net of F.R. Bank holdings 872,799 + 649 + 77,698 Reverse repurchase agreements (13) 67,670 + 836 + 23,498 Deposits (0) 1,017,413 + 24,860 + 986,933 Depository institutions 777,026 + 52,376 + 751,681 U.S. Treasury, general account 35,758 - 25,764 + 31,043 U.S. Treasury, supplementary financing account 199,933 - 2 + 199,933 Foreign official 3,039 - 192 + 2,938 Other (0) 1,657 - 1,557 + 1,338 Deferred availability cash items (301) 2,531 - 411 - 61 Other liabilities and accrued dividends (14) 7,385 + 525 + 3,809 Total liabilities (301) 1,967,797 + 26,459 +1,091,877 Capital accounts Capital paid in 24,603 + 17 + 4,668 Surplus 21,314 + 8 + 2,809 Other capital accounts 3,917 - 587 + 2,239 Total capital 49,834 - 562 + 9,717 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 12, 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 1,913 63 74 157 158 246 233 229 40 61 139 202 310 Securities, repurchase agreements, term auction credit, and other loans 1,724,644 37,107 821,649 29,441 61,066 53,650 169,967 154,421 56,488 23,487 64,431 68,858 184,080 Securities held outright (1) 1,381,862 26,508 540,136 21,438 54,595 49,798 166,495 149,532 54,136 22,877 62,376 66,815 167,155 U.S. Treasury securities 728,974 13,984 284,938 11,309 28,800 26,270 87,831 78,883 28,558 12,068 32,905 35,247 88,179 Bills (2) 18,423 353 7,201 286 728 664 2,220 1,994 722 305 832 891 2,228 Notes and bonds (3) 710,551 13,631 277,737 11,024 28,072 25,606 85,612 76,889 27,837 11,763 32,074 34,356 85,951 Federal agency debt securities (2) 110,003 2,110 42,997 1,707 4,346 3,964 13,254 11,904 4,309 1,821 4,965 5,319 13,306 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 109,184 286 105,439 42 0 527 312 1,242 78 169 1 132 957 Net portfolio holdings of Commercial Paper Funding Facility LLC (6) 58,052 0 58,052 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) 25,988 0 25,988 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of Maiden Lane II LLC (9) 14,818 0 14,818 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of Maiden Lane III LLC (10) 20,860 0 20,860 0 0 0 0 0 0 0 0 0 0 Items in process of collection 763 73 0 100 84 37 146 25 38 44 -35 169 82 Bank premises 2,214 121 233 68 146 239 222 206 134 112 270 249 213 Central bank liquidity swaps (11) 75,211 3,023 19,825 8,289 5,557 21,413 5,771 2,519 751 1,161 744 970 5,188 Other assets (12) 80,232 2,087 28,237 3,648 4,010 9,196 8,525 6,723 2,419 1,320 2,729 2,994 8,344 Interdistrict settlement account 0 + 5,943 + 4,523 + 15,348 - 6,602 + 173,260 - 35,728 - 59,391 - 23,088 - 4,298 - 25,212 - 8,645 - 36,110 Total assets 2,017,933 48,945 999,028 57,583 64,990 259,071 150,659 105,854 37,181 22,115 43,468 65,517 163,522 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 12, 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 1,057,429 35,699 383,748 39,823 44,936 83,123 131,639 86,061 31,039 19,763 28,915 62,502 110,180 Less: Notes held by F.R. Banks 184,631 4,759 57,104 6,805 8,577 12,638 25,894 13,443 4,359 3,361 3,524 17,972 26,195 Federal Reserve notes, net 872,799 30,940 326,643 33,018 36,359 70,485 105,746 72,618 26,681 16,402 25,391 44,530 83,985 Reverse repurchase agreements (13) 67,670 1,298 26,450 1,050 2,673 2,439 8,153 7,323 2,651 1,120 3,055 3,272 8,186 Deposits 1,017,413 14,583 626,932 17,832 22,095 171,998 32,693 23,487 7,048 2,939 14,169 16,670 66,969 Depository institutions 777,026 14,577 386,711 17,827 22,091 171,877 32,683 23,485 7,036 2,938 14,167 16,669 66,963 U.S. Treasury, general account 35,758 0 35,758 0 0 0 0 0 0 0 0 0 0 U.S. Treasury, supplementary financing account 199,933 0 199,933 0 0 0 0 0 0 0 0 0 0 Foreign official 3,039 2 3,010 4 3 11 3 1 0 1 0 1 3 Other 1,657 4 1,519 0 1 109 7 1 11 0 1 0 3 Deferred availability cash items 2,832 127 0 373 342 111 276 281 79 273 199 204 566 Other liabilities and accrued dividends (14) 7,385 141 4,142 160 232 455 526 458 213 127 194 248 487 Total liabilities 1,968,098 47,090 984,168 52,433 61,701 245,488 147,394 104,168 36,672 20,862 43,008 64,923 160,192 Capital Capital paid in 24,603 921 7,248 2,607 1,636 6,876 1,562 793 237 621 208 273 1,622 Surplus 21,314 844 5,844 2,316 1,552 5,982 1,612 704 209 324 208 271 1,449 Other capital 3,917 90 1,769 227 100 725 92 190 64 308 44 49 259 Total liabilities and capital 2,017,933 48,945 999,028 57,583 64,990 259,071 150,659 105,854 37,181 22,115 43,468 65,517 163,522 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 12, 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 12, 2009 Federal Reserve notes outstanding 1,057,429 Less: Notes held by F.R. Banks not subject to collateralization 184,631 Federal Reserve notes to be collateralized 872,799 Collateral held against Federal Reserve notes 872,799 Gold certificate account 11,037 Special drawing rights certificate account 2,200 U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 859,562 Other assets pledged 0 Memo: Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 1,381,862 Less: Face value of securities under reverse repurchase agreements 68,170 U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 1,313,692 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.