FEDERAL RESERVE statistical release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks August 27, 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 26, 2009 Aug 19, 2009 Aug 27, 2008 Aug 26, 2009 Reserve Bank credit 2,048,863 + 14,161 +1,161,928 2,051,513 Securities held outright (1) 1,478,942 + 30,121 + 999,338 1,485,134 U.S. Treasury securities 740,488 + 9,449 + 260,884 744,878 Bills (2) 18,423 0 - 3,317 18,423 Notes and bonds, nominal (2) 671,822 + 9,352 + 260,091 676,176 Notes and bonds, inflation-indexed (2) 44,588 0 + 4,756 44,588 Inflation compensation (3) 5,656 + 97 - 645 5,691 Federal agency debt securities (2) 114,189 + 3,421 + 114,189 117,392 Mortgage-backed securities (4) 624,264 + 17,250 + 624,264 622,864 Repurchase agreements (5) 0 0 - 103,393 0 Term auction credit 221,081 0 + 71,081 221,081 Other loans 105,988 - 1,156 + 87,418 105,842 Primary credit 29,981 - 730 + 11,512 30,458 Secondary credit 624 - 86 + 624 595 Seasonal credit 123 + 5 + 23 119 Primary dealer and other broker-dealer credit (6) 0 0 0 0 Asset-Backed Commercial Paper Money Market Mutual Fund Liquidity Facility 108 - 5 + 108 79 Credit extended to American International Group, Inc., net (7) 39,310 + 111 + 39,310 39,153 Term Asset-Backed Securities Loan Facility 35,842 - 450 + 35,842 35,439 Other credit extensions 0 0 0 0 Net portfolio holdings of Commercial Paper Funding Facility LLC (8) 52,086 - 4,426 + 52,086 48,997 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) 25,987 - 1 - 3,226 26,014 Net portfolio holdings of Maiden Lane II LLC (11) 14,855 + 33 + 14,855 14,943 Net portfolio holdings of Maiden Lane III LLC (12) 20,877 + 15 + 20,877 20,888 Float -1,642 + 243 - 429 -1,898 Central bank liquidity swaps (13) 60,210 - 8,931 - 6,790 60,210 Other Federal Reserve assets (14) 70,479 - 1,737 + 30,110 70,301 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding (15) 42,471 + 14 + 3,795 42,459 Total factors supplying reserve funds 2,104,575 + 14,175 +1,165,723 2,107,213 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 26, 2009 Aug 19, 2009 Aug 27, 2008 Aug 26, 2009 Currency in circulation (15) 909,937 - 958 + 80,481 910,702 Reverse repurchase agreements (16) 67,307 - 841 + 24,449 68,129 Foreign official and international accounts 67,307 - 841 + 24,449 68,129 Dealers 0 0 0 0 Treasury cash holdings 273 + 12 - 29 255 Deposits with F.R. Banks, other than reserve balances 234,484 - 10,342 + 222,049 221,105 U.S. Treasury, general account 26,273 - 3,494 + 21,445 12,828 U.S. Treasury, supplementary financing account 199,932 + 2 + 199,932 199,932 Foreign official 3,336 - 19 + 3,235 3,408 Service-related 4,617 + 2 - 2,558 4,617 Required clearing balances 4,615 0 - 2,560 4,615 Adjustments to compensate for float 2 + 2 + 2 2 Other 326 - 6,833 - 6 321 Other liabilities and capital (17) 59,456 + 558 + 14,852 58,825 Total factors, other than reserve balances, absorbing reserve funds 1,271,457 - 11,571 + 341,802 1,259,017 Reserve balances with Federal Reserve Banks 833,117 + 25,745 + 823,920 848,196 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 26, 2009 Aug 19, 2009 Aug 27, 2008 Aug 26, 2009 Marketable securities held in custody for foreign official and international accounts (1) 2,824,622 + 10,543 + 419,726 2,825,997 U.S. Treasury securities 2,043,203 + 13,561 + 608,905 2,044,310 Federal agency securities (2) 781,419 - 3,017 - 189,179 781,687 Securities lent to dealers 13,568 - 494 - 107,608 13,119 Overnight facility (3) 13,568 - 109 + 9,740 13,119 U.S. Treasury securities 13,375 - 99 + 9,547 12,916 Federal agency debt securities 193 - 9 + 193 203 Term facility (4) 0 - 386 - 117,348 0 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 26, 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 130,373 90,708 --- --- --- --- 221,081 Other loans (1) 19,165 12,085 0 74,592 0 --- 105,842 U.S. Treasury securities (2) Holdings 19,285 18,091 58,914 312,547 200,238 135,804 744,878 Weekly changes + 3,867 - 3,867 + 11 + 6,122 + 21 + 2,638 + 8,792 Federal agency debt securities (3) Holdings 0 750 15,630 75,697 23,444 1,871 117,392 Weekly changes 0 0 + 709 + 4,896 0 0 + 5,605 Mortgage-backed securities (4) Holdings 0 0 0 0 0 622,864 622,864 Weekly changes 0 0 0 0 0 + 13,333 + 13,333 Commercial paper held by Commercial Paper Funding Facility LLC (5) 4,462 40,193 0 --- --- --- 44,655 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) 43,188 17,022 0 0 0 0 60,210 Reverse repurchase agreements (7) 68,129 0 --- --- --- --- 68,129 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 26, 2009 Mortgage-backed securities held outright (1) 622,864 Commitments to buy mortgage-backed securities (2) 140,390 Commitments to sell mortgage-backed securities (2) 0 Cash and cash equivalents (3) 584 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 26, 2009 Net portfolio holdings of Maiden Lane LLC (1) 26,014 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) 362 Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3) 1,227 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 26, 2009 Net portfolio holdings of Maiden Lane II LLC (1) 14,943 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) 194 Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc. (3) 1,025 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 26, 2009 Net portfolio holdings of Maiden Lane III LLC (1) 20,888 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) 257 Outstanding principal amount and accrued interest on loan payable to American International Group, Inc. (3) 5,135 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 26, 2009 Commercial paper holdings, net (1) 44,456 Other investments, net 4,541 Net portfolio holdings of Commercial Paper Funding Facility LLC 48,997 Memorandum: Commercial paper holdings, face value 44,655 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 44,358 Accrued interest payable to the Federal Reserve Bank of New York (2) 11 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 26, 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 26, 2009 Aug 19, 2009 Aug 27, 2008 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 2,200 0 0 Coin 1,915 + 8 + 500 Securities, repurchase agreements, term auction credit, and other loans 1,812,057 + 27,280 +1,052,413 Securities held outright (1) 1,485,134 + 27,729 +1,005,492 U.S. Treasury securities 744,878 + 8,792 + 265,236 Bills (2) 18,423 0 - 3,317 Notes and bonds, nominal (2) 676,176 + 8,695 + 264,445 Notes and bonds, inflation-indexed (2) 44,588 0 + 4,756 Inflation compensation (3) 5,691 + 96 - 648 Federal agency debt securities (2) 117,392 + 5,605 + 117,392 Mortgage-backed securities (4) 622,864 + 13,333 + 622,864 Repurchase agreements (5) 0 0 - 111,000 Term auction credit 221,081 0 + 71,081 Other loans 105,842 - 450 + 86,840 Net portfolio holdings of Commercial Paper Funding Facility LLC (6) 48,997 - 4,745 + 48,997 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) 26,014 + 32 - 3,233 Net portfolio holdings of Maiden Lane II LLC (9) 14,943 + 102 + 14,943 Net portfolio holdings of Maiden Lane III LLC (10) 20,888 + 13 + 20,888 Items in process of collection (341) 449 + 78 - 477 Bank premises 2,219 + 2 + 53 Central bank liquidity swaps (11) 60,210 - 8,931 - 6,790 Other assets (12) 77,224 + 526 + 39,384 Total assets (341) 2,078,153 + 14,364 +1,166,678 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 26, 2009 Aug 19, 2009 Aug 27, 2008 Liabilities Federal Reserve notes, net of F.R. Bank holdings 870,409 - 1,079 + 74,715 Reverse repurchase agreements (13) 68,129 - 240 + 24,361 Deposits (0) 1,078,444 + 15,830 +1,053,594 Depository institutions 861,955 + 43,149 + 842,578 U.S. Treasury, general account 12,828 - 27,466 + 7,839 U.S. Treasury, supplementary financing account 199,932 + 2 + 199,932 Foreign official 3,408 + 173 + 3,308 Other (0) 321 - 28 - 64 Deferred availability cash items (341) 2,346 - 192 - 268 Other liabilities and accrued dividends (14) 8,256 + 13 + 4,496 Total liabilities (341) 2,027,585 + 14,331 +1,156,899 Capital accounts Capital paid in 24,782 + 125 + 4,593 Surplus 21,331 + 9 + 2,822 Other capital accounts 4,455 - 100 + 2,364 Total capital 50,568 + 33 + 9,779 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 26, 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 1,915 60 72 159 155 249 239 233 39 59 136 202 310 Securities, repurchase agreements, term auction credit, and other loans 1,812,057 37,088 864,630 31,055 62,342 55,818 181,298 165,254 60,441 25,195 69,067 73,815 186,054 Securities held outright (1) 1,485,134 28,489 580,502 23,040 58,675 53,520 178,938 160,708 58,182 24,587 67,038 71,808 179,647 U.S. Treasury securities 744,878 14,289 291,155 11,556 29,429 26,843 89,748 80,604 29,181 12,332 33,623 36,016 90,103 Bills (2) 18,423 353 7,201 286 728 664 2,220 1,994 722 305 832 891 2,228 Notes and bonds (3) 726,456 13,936 283,954 11,270 28,701 26,179 87,528 78,610 28,460 12,027 32,792 35,125 87,874 Federal agency debt securities (2) 117,392 2,252 45,886 1,821 4,638 4,230 14,144 12,703 4,599 1,943 5,299 5,676 14,200 Mortgage-backed securities (4) 622,864 11,948 243,462 9,663 24,608 22,446 75,047 67,401 24,401 10,312 28,116 30,116 75,344 Repurchase agreements (5) 0 0 0 0 0 0 0 0 0 0 0 0 0 Term auction credit 221,081 8,324 181,676 7,961 3,665 1,904 2,025 3,421 2,187 438 2,029 1,871 5,580 Other loans 105,842 274 102,452 54 2 395 335 1,126 73 170 1 136 828 Net portfolio holdings of Commercial Paper Funding Facility LLC (6) 48,997 0 48,997 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) 26,014 0 26,014 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of Maiden Lane II LLC (9) 14,943 0 14,943 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of Maiden Lane III LLC (10) 20,888 0 20,888 0 0 0 0 0 0 0 0 0 0 Items in process of collection 790 40 0 124 141 40 163 66 32 37 36 58 54 Bank premises 2,219 121 237 69 146 239 222 207 134 112 270 249 213 Central bank liquidity swaps (11) 60,210 2,446 15,400 6,706 4,496 17,324 4,669 2,038 607 940 602 785 4,197 Other assets (12) 77,224 2,030 27,050 3,695 3,890 9,112 8,134 6,382 2,272 1,264 2,586 2,841 7,967 Interdistrict settlement account 0 + 11,474 + 17,492 + 13,792 - 9,652 + 184,937 - 44,003 - 65,739 - 27,112 - 5,326 - 29,641 - 13,262 - 32,962 Total assets 2,078,494 53,786 1,040,493 56,133 62,091 268,747 152,244 109,564 36,814 22,507 43,457 65,408 167,249 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 26, 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 1,059,186 35,487 385,661 39,587 44,867 82,724 131,439 85,578 30,975 19,666 28,787 63,163 111,253 Less: Notes held by F.R. Banks 188,776 4,898 58,930 7,194 9,262 12,736 26,100 13,653 4,608 3,316 3,580 17,643 26,858 Federal Reserve notes, net 870,409 30,589 326,731 32,393 35,605 69,988 105,339 71,926 26,367 16,350 25,207 45,520 84,395 Reverse repurchase agreements (13) 68,129 1,307 26,630 1,057 2,692 2,455 8,209 7,372 2,669 1,128 3,075 3,294 8,241 Deposits 1,078,444 19,785 667,311 16,934 19,870 182,000 34,548 27,788 6,972 3,271 14,328 15,536 70,100 Depository institutions 861,955 19,783 450,976 16,930 19,866 181,894 34,545 27,779 6,958 3,270 14,326 15,535 70,092 U.S. Treasury, general account 12,828 0 12,828 0 0 0 0 0 0 0 0 0 0 U.S. Treasury, supplementary financing account 199,932 0 199,932 0 0 0 0 0 0 0 0 0 0 Foreign official 3,408 2 3,379 4 3 11 3 1 0 1 0 1 3 Other 321 1 196 0 1 95 0 7 13 0 1 0 6 Deferred availability cash items 2,688 87 0 377 384 101 249 260 63 273 163 188 544 Other liabilities and accrued dividends (14) 8,256 158 4,626 175 255 503 611 514 231 137 218 274 553 Total liabilities 2,027,926 51,927 1,025,299 50,935 58,806 255,047 148,956 107,859 36,301 21,159 42,990 64,811 163,834 Capital Capital paid in 24,782 921 7,292 2,604 1,613 6,892 1,558 796 237 711 209 274 1,676 Surplus 21,331 844 5,860 2,316 1,552 5,982 1,612 704 209 324 208 271 1,449 Other capital 4,455 94 2,043 278 120 826 118 205 66 313 50 52 290 Total liabilities and capital 2,078,494 53,786 1,040,493 56,133 62,091 268,747 152,244 109,564 36,814 22,507 43,457 65,408 167,249 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 26, 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 26, 2009 Federal Reserve notes outstanding 1,059,186 Less: Notes held by F.R. Banks not subject to collateralization 188,776 Federal Reserve notes to be collateralized 870,409 Collateral held against Federal Reserve notes 870,409 Gold certificate account 11,037 Special drawing rights certificate account 2,200 U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 857,173 Other assets pledged 0 Memo: Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 1,485,134 Less: Face value of securities under reverse repurchase agreements 66,770 U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 1,418,364 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.