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Release Date:  September 17, 2009
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FEDERAL RESERVE statistical release
 

H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
September 17, 2009
1. Factors Affecting Reserve Balances of Depository Institutions
Millions of dollars
Reserve Bank credit, related items, and
reserve balances of depository institutions at
Federal Reserve Banks
Averages of daily figures Wednesday
Sep 16, 2009
Week ended
Sep 16, 2009
Change from week ended
Sep 9, 2009 Sep 17, 2008
                                                              
Reserve Bank credit                                       2,088,554    +   18,966    +1,155,924     2,125,180 
  Securities held outright (1)                            1,532,747    +   31,378    +1,052,929     1,570,018 
    U.S. Treasury securities                                758,053    +    4,518    +  278,235       759,803 
      Bills (2)                                              18,423             0    -    3,317        18,423 
      Notes and bonds, nominal (2)                          689,318    +    4,536    +  277,587       691,074 
      Notes and bonds, inflation-indexed (2)                 44,588             0    +    4,756        44,588 
      Inflation compensation (3)                              5,725    -       17    -      790         5,718 
    Federal agency debt securities (2)                      123,992    +    1,416    +  123,992       125,159 
    Mortgage-backed securities (4)                          650,702    +   25,445    +  650,702       685,056 
  Repurchase agreements (5)                                       0             0    -  124,500             0 
  Term auction credit                                       196,020    -   16,090    +   46,020       196,020 
  Other loans                                               111,490    +    4,337    +   63,521       111,879 
    Primary credit                                           28,681    -    1,693    +    7,083        28,199 
    Secondary credit                                            561    -       20    +      553           558 
    Seasonal credit                                            113   +        6   +       17          118 
    Primary dealer and other broker-dealer credit (6)             0             0    -   20,268             0 
    Asset-Backed Commercial Paper Money Market                
      Mutual Fund Liquidity Facility                             79             0    +       79            79 
    Credit extended to American International                 
      Group, Inc., net (7)                                   39,428    +      537    +   33,428        39,371 
    Term Asset-Backed Securities Loan Facility               42,629    +    5,508    +   42,629        43,555 
    Other credit extensions                                       0             0             0             0 
  Net portfolio holdings of Commercial Paper                  
    Funding Facility LLC (8)                                 44,779    -    2,360    +   44,779        42,974 
  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)             26,114    +       31    -    3,219        26,146 
  Net portfolio holdings of Maiden Lane II LLC (11)          14,639    -       41    +   14,639        14,649 
  Net portfolio holdings of Maiden Lane III LLC (12)         20,516    +       86    +   20,516        20,545 
  Float                                                      -2,057    -      162    -      987        -2,358 
  Central bank liquidity swaps (13)                          61,101    -      506    -      899        61,101 
  Other Federal Reserve assets (14)                          83,205    +    2,294    +   43,126        84,207 
Gold stock                                                   11,041             0             0        11,041 
Special drawing rights certificate account                    2,200             0             0         2,200 
Treasury currency outstanding (15)                           42,469    -       82    +    3,794        42,449 
                                                              
Total factors supplying reserve funds                     2,144,264    +   18,884    +1,159,718     2,180,871 
 

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
reserve balances of depository institutions at
Federal Reserve Banks
Averages of daily figures Wednesday
Sep 16, 2009
Week ended
Sep 16, 2009
Change from week ended
Sep 9, 2009 Sep 17, 2008
                                                              
Currency in circulation (15)                                914,350    -    1,568    +   82,049       914,179 
Reverse repurchase agreements (16)                           66,951    +      425    +   21,208        68,934 
  Foreign official and international accounts                66,951    +      425    +   21,208        68,934 
  Dealers                                                         0             0             0             0 
Treasury cash holdings                                          266    +       10    -        1           277 
Deposits with F.R. Banks, other than reserve balances       234,973    +   11,203    +  220,607       278,897 
  U.S. Treasury, general account                             25,346    +    8,548    +   20,405        72,399 
  U.S. Treasury, supplementary financing account            199,932             0    +  199,932       199,932 
  Foreign official                                            2,358    -      156    +    2,190         2,369 
  Service-related                                             3,866    -      211    -    3,494         3,866 
    Required clearing balances                                3,866    -      211    -    3,494         3,866 
    Adjustments to compensate for float                           0             0             0             0 
  Other                                                       3,470    +    3,022    +    1,573           330 
Other liabilities and capital (17)                           60,096    +      644    +   15,227        59,601 
                                                              
Total factors, other than reserve balances,                                                       
   absorbing reserve funds                                1,276,635    +   10,713    +  339,089     1,321,887 
                                                              
Reserve balances with Federal Reserve Banks                 867,629    +    8,171    +  820,629       858,984 
                                                                
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

Memorandum item
Averages of daily figures Wednesday
Sep 16, 2009
Week ended
Sep 16, 2009
Change from week ended
Sep 9, 2009 Sep 17, 2008
                                                              
Marketable securities held in custody for foreign             
      official and international accounts (1)             2,842,801    +   15,002    +  433,946     2,852,457 
  U.S. Treasury securities                                2,068,794    +   18,744    +  619,181     2,080,631 
  Federal agency securities (2)                             774,007    -    3,742    -  185,235       771,826 
Securities lent to dealers                                    9,883    -    2,152    -  115,791        10,420 
  Overnight facility (3)                                      9,883    -    2,152    +    1,479        10,420 
    U.S. Treasury securities                                  9,649    -    2,163    +    1,245        10,166 
    Federal agency debt securities                              234    +       11    +      234           254 
  Term facility (4)                                               0             0    -  117,270             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, September 16, 2009
Millions of dollars
Remaining maturity
Within 15
days
16 days to
90 days
91 days to
1 year
Over 1 year
to 5 years
Over 5 years
to 10 years
Over 10
years
All
 
Term auction credit                    73,404      122,616         ---            ---          ---         ---       196,020
Other loans (1)                        21,923        7,030            0        82,926            0         ---       111,879
U.S. Treasury securities (2)                    
  Holdings                             14,121       23,767       58,477       317,171      206,079     140,188       759,803
  Weekly changes                   -      668   +      918   +      433    -      757   +       38  +    2,067    +    2,031
Federal agency debt securities (3)                        
  Holdings                                  0           30       17,583        79,367       26,162       2,017       125,159
  Weekly changes                   -      750   +       30   +    1,953    -      109   +      919           0    +    2,043
Mortgage-backed securities (4)                            
  Holdings                                  0            0            0             0            0     685,056       685,056
  Weekly changes                            0            0            0             0            0  +   59,778    +   59,778
Commercial paper held by                        
  Commercial Paper Funding                      
  Facility LLC (5)                      1,716       36,815            0           ---          ---         ---        38,531
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)       47,419       13,682            0             0            0           0        61,101
                                                
Reverse repurchase agreements (7)      68,934            0          ---           ---          ---         ---        68,934
  
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
Account name Wednesday
Sep 16, 2009
                                                                                                
Mortgage-backed securities held outright (1)                                                       685,056    
                                                                                                
Commitments to buy mortgage-backed securities (2)                                                  149,775    
Commitments to sell mortgage-backed securities (2)                                                   3,370    
                                                                                                
Cash and cash equivalents (3)                                                                          194    
 

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
Account name Wednesday
Sep 16, 2009
                                                                                                
Net portfolio holdings of Maiden Lane LLC (1)                                                       26,146    
                                                                                                
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)                                   371    
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3)        1,230    
 
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
Account name Wednesday
Sep 16, 2009
                                                                                                
Net portfolio holdings of Maiden Lane II LLC (1)                                                     14,649   
                                                                                                
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)            16,587   
Accrued interest payable to the Federal Reserve Bank of New York (2)                                    207   
Deferred payment and accrued interest payable to subsidiaries of American International         
  Group, Inc. (3)                                                                                     1,027   
 

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
Account name Wednesday
Sep 16, 2009
                                                                                                
Net portfolio holdings of Maiden Lane III LLC (1)                                                    20,545   
                                                                                                
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)            19,574   
Accrued interest payable to the Federal Reserve Bank of New York (2)                                    272   
Outstanding principal amount and accrued interest on loan payable to American International     
  Group, Inc. (3)                                                                                     5,144   
 

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
Account name Wednesday
Sep 16, 2009
                                                                                                
Commercial paper holdings, net (1)                                                                   38,397   
Other investments, net                                                                                4,577   
Net portfolio holdings of Commercial Paper Funding Facility LLC                                      42,974   
                                                                                                
Memorandum: Commercial paper holdings, face value                                                    38,531   
                                                                                                
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)            38,278   
Accrued interest payable to the Federal Reserve Bank of New York (2)                                     13   
 

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
Account name Wednesday
Sep 16, 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
Assets, liabilities, and capital Eliminations
from
consolidation
  Change since
Wednesday
Sep 16, 2009
Wednesday
Sep 9, 2009
Wednesday
Sep 17, 2008
Assets                                                   
Gold certificate account                                           11,037                0                   0
Special drawing rights certificate account                          2,200                0                   0
Coin                                                                1,937       +       17          +      469
Securities, repurchase agreements, term auction          
      credit, and other loans                                   1,877,917       +   53,212          +1,028,784
  Securities held outright (1)                                  1,570,018       +   63,852          +1,090,179
    U.S. Treasury securities                                      759,803       +    2,031          +  279,964
      Bills (2)                                                    18,423                0          -    3,317
      Notes and bonds, nominal (2)                                691,074       +    2,049          +  279,343
      Notes and bonds, inflation-indexed (2)                       44,588                0          +    4,756
      Inflation compensation (3)                                    5,718       -       19          -      818
    Federal agency debt securities (2)                            125,159       +    2,043          +  125,159
    Mortgage-backed securities (4)                                685,056       +   59,778          +  685,056
  Repurchase agreements (5)                                             0                0          -   98,000
  Term auction credit                                             196,020       -   16,090          +   46,020
  Other loans                                                     111,879       +    5,450          -    9,415
Net portfolio holdings of Commercial Paper               
  Funding Facility LLC (6)                                         42,974       -    2,693          +   42,974
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)                      26,146       +       37          -    3,221
Net portfolio holdings of Maiden Lane II LLC (9)                   14,649       +       12          +   14,649
Net portfolio holdings of                                
  Maiden Lane III LLC (10)                                         20,545       +       34          +   20,545
Items in process of collection                         (471)          213       -      386          -      695
Bank premises                                                       2,218       +        2          +       50
Central bank liquidity swaps (11)                                  61,101       -      506          -      899
Other assets (12)                                                  81,966       +    2,186          +   43,722
                                                         
      Total assets                                     (471)    2,142,903       +   51,914          +1,146,378
 

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
Assets, liabilities, and capital Eliminations
from
consolidation
  Change since
Wednesday
Sep 16, 2009
Wednesday
Sep 9, 2009
Wednesday
Sep 17, 2008
Liabilities                                              
Federal Reserve notes, net of F.R. Bank holdings                  873,940       -    2,739          +   77,846
Reverse repurchase agreements (13)                                 68,934       +    3,060          +   22,301
Deposits                                                 (0)    1,137,858       +   52,113          +1,031,813
  Depository institutions                                         862,827       -   15,168          +  773,725
  U.S. Treasury, general account                                   72,399       +   67,899          +   66,887
  U.S. Treasury, supplementary financing account                  199,932                0          +  199,932
  Foreign official                                                  2,369       -      335          +    2,267
  Other                                                  (0)          330       -      283          -   11,000
Deferred availability cash items                       (471)        2,571       -      912          -       43
Other liabilities and accrued dividends (14)                        8,321       +      141          +    4,517
                                                         
      Total liabilities                                (471)    2,091,623       +   51,662          +1,136,433
                                                         
Capital accounts                                         
Capital paid in                                                    24,875       +       92          +    4,664
Surplus                                                            21,356       +        8          +    2,840
Other capital accounts                                              5,049       +      152          +    2,441
                                                         
      Total capital                                                51,280       +      252          +    9,945
 

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, September 16, 2009
Millions of dollars
Assets, liabilities, and capital Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas
City
Dallas San
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                                           1,937          60          73         161         147         261         239         243          36          60         133         210         314 
Securities, repurchase agreements, term                            
      auction credit, and other loans      1,877,917      37,922     882,152      31,797      65,991      58,739     190,628     174,235      63,526      26,514      72,660      76,051     197,702 
  Securities held outright (1)             1,570,018      30,118     613,681      24,357      62,028      56,579     189,165     169,893      61,507      25,992      70,869      75,913     189,914 
    U.S. Treasury securities                 759,803      14,575     296,988      11,788      30,018      27,381      91,546      82,219      29,766      12,579      34,297      36,738      91,908 
      Bills (2)                               18,423         353       7,201         286         728         664       2,220       1,994         722         305         832         891       2,228 
      Notes and bonds (3)                    741,380      14,222     289,787      11,502      29,290      26,717      89,326      80,225      29,044      12,274      33,465      35,847      89,680 
    Federal agency debt securities (2)       125,159       2,401      48,922       1,942       4,945       4,510      15,080      13,544       4,903       2,072       5,650       6,052      15,140 
    Mortgage-backed securities (4)           685,056      13,141     267,771      10,628      27,065      24,687      82,540      74,130      26,838      11,341      30,923      33,123      82,867 
  Repurchase agreements (5)                        0           0           0           0           0           0           0           0           0           0           0           0           0 
  Term auction credit                        196,020       7,567     159,332       7,364       3,963       1,970       1,190       3,303       1,958         369       1,778         126       7,102 
  Other loans                                111,879         238     109,138          76           0         191         273       1,040          61         153          12          12         686 
Net portfolio holdings of Commercial                               
  Paper Funding Facility LLC (6)              42,974           0      42,974           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)                                     26,146           0      26,146           0           0           0           0           0           0           0           0           0           0 
Net portfolio holdings of Maiden                                   
  Lane II LLC (9)                             14,649           0      14,649           0           0           0           0           0           0           0           0           0           0 
Net portfolio holdings of Maiden                                   
  Lane III LLC (10)                           20,545           0      20,545           0           0           0           0           0           0           0           0           0           0 
Items in process of collection                   684          43           0         116         115          45         -34          50          34          92          74          51          98 
Bank premises                                  2,218         121         237          69         146         239         223         206         134         111         269         250         212 
Central bank liquidity swaps (11)             61,101       2,512      15,075       6,888       4,618      17,794       4,795       2,093         624         965         619         806       4,311 
Other assets (12)                             81,966       2,136      28,901       3,766       4,104       9,503       8,649       6,828       2,440       1,341       2,770       3,037       8,490 
Interdistrict settlement account                   0   +  17,633   +  34,378   +  14,468   -  19,035   + 196,110   -  51,831   -  71,106   -  29,729   -   6,704   -  31,107   -  13,778   -  39,299 
                                                                   
      Total assets                         2,143,373      60,955   1,069,898      57,798      56,657     283,721     154,192     113,672      37,465      22,606      45,819      67,347     173,244 
 

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, September 16, 2009 (continued)
Millions of dollars
Assets, liabilities, and capital Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas
City
Dallas San
Francisco
Liabilities                                                         
Federal Reserve notes outstanding           1,060,759      35,282     388,136      39,473      44,769      82,489     131,506      85,615      30,912      19,628      28,696      62,929     111,323 
  Less: Notes held by F.R. Banks              186,819       4,798      59,202       7,033       8,868      12,123      26,181      13,805       4,442       3,190       3,544      17,023      26,609 
    Federal Reserve notes, net                873,940      30,484     328,934      32,440      35,901      70,366     105,325      71,810      26,470      16,438      25,152      45,906      84,714 
Reverse repurchase agreements (13)             68,934       1,322      26,944       1,069       2,723       2,484       8,306       7,459       2,701       1,141       3,112       3,333       8,338 
Deposits                                    1,137,858      27,027     693,967      18,542      14,078     196,265      36,352      31,949       7,473       3,139      16,643      16,887      75,536 
  Depository institutions                     862,827      27,020     419,096      18,538      14,074     196,181      36,349      31,902       7,467       3,139      16,641      16,887      75,533 
  U.S. Treasury, general account               72,399           0      72,399           0           0           0           0           0           0           0           0           0           0 
  U.S. Treasury, supplementary                                      
    financing account                         199,932           0     199,932           0           0           0           0           0           0           0           0           0           0 
  Foreign official                              2,369           2       2,340           4           3          11           3           1           0           1           0           1           3 
  Other                                           330           5         199           0           1          72           0          45           5           0           1           0           1 
Deferred availability cash items                3,042          94           0         316         410         108         294         231          70         340         225         349         604 
Other liabilities and accrued                                                 
  dividends (14)                                8,321         156       4,771         179         252         500         581         501         228         138         212         264         537 
                                                                    
      Total liabilities                     2,092,094      59,084   1,054,616      52,547      53,365     269,724     150,858     111,950      36,941      21,197      45,343      66,739     169,729 
                                                                    
Capital                                                             
Capital paid in                                24,875         921       7,293       2,603       1,613       7,002       1,556         782         237         711         210         273       1,675 
Surplus                                        21,356         844       5,885       2,316       1,551       5,982       1,612         704         209         324         207         271       1,450 
Other capital                                   5,049         106       2,104         332         128       1,013         167         237          78         374          58          63         390 
                                                                    
      Total liabilities and capital         2,143,373      60,955   1,069,898      57,798      56,657     283,721     154,192     113,672      37,465      22,606      45,819      67,347     173,244 
                              
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, September 16, 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
Sep 16, 2009
                                                                                            
Federal Reserve notes outstanding                                                              1,060,759 
  Less: Notes held by F.R. Banks not subject to collateralization                                186,819 
    Federal Reserve notes to be collateralized                                                   873,940 
Collateral held against Federal Reserve notes                                                    873,940 
  Gold certificate account                                                                        11,037 
  Special drawing rights certificate account                                                       2,200 
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                       860,703 
  Other assets pledged                                                                                 0 
                                                                                            
Memo:                                                                                       
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                         1,570,018 
  Less: Face value of securities under reverse repurchase agreements                              68,843 
    U.S. Treasury, agency debt, and mortgage-backed securities                              
    eligible to be pledged                                                                     1,501,174 
   
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.

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