FEDERAL RESERVE statistical release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks October 15, 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 Oct 14, 2009 Oct 7, 2009 Oct 15, 2008 Oct 14, 2009 Reserve Bank credit 2,106,641 - 12,882 + 366,598 2,174,291 Securities held outright (1) 1,608,044 + 13,153 +1,117,387 1,672,833 U.S. Treasury securities 770,924 + 1,748 + 294,372 773,460 Bills (2) 18,423 0 0 18,423 Notes and bonds, nominal (2) 702,190 + 1,722 + 290,598 704,717 Notes and bonds, inflation-indexed (2) 44,588 0 + 4,617 44,588 Inflation compensation (3) 5,724 + 27 - 843 5,732 Federal agency debt securities (2) 134,546 + 1,111 + 120,441 136,384 Mortgage-backed securities (4) 702,573 + 10,292 + 702,573 762,990 Repurchase agreements (5) 0 0 - 80,000 0 Term auction credit 155,442 - 22,937 - 107,650 155,442 Other loans 111,405 + 869 - 326,125 111,758 Primary credit 27,380 - 518 - 72,279 27,231 Secondary credit 468 + 8 + 464 465 Seasonal credit 89 + 2 + 64 87 Primary dealer and other broker-dealer credit (6) 0 0 - 131,125 0 Asset-Backed Commercial Paper Money Market Mutual Fund Liquidity Facility 43 - 36 - 129,573 0 Credit extended to American International Group, Inc., net (7) 40,195 + 556 - 36,906 40,921 Term Asset-Backed Securities Loan Facility 43,230 + 856 + 43,230 43,053 Other credit extensions 0 0 0 0 Net portfolio holdings of Commercial Paper Funding Facility LLC (8) 40,791 - 252 + 40,791 40,098 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) 26,312 + 45 - 3,180 26,361 Net portfolio holdings of Maiden Lane II LLC (11) 14,461 - 207 + 14,461 14,466 Net portfolio holdings of Maiden Lane III LLC (12) 20,175 - 257 + 20,175 20,228 Float -1,476 + 703 - 461 -731 Central bank liquidity swaps (13) 43,627 - 6,204 - 354,497 43,627 Other Federal Reserve assets (14) 87,860 + 2,205 + 45,699 90,208 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 5,200 0 + 3,000 5,200 Treasury currency outstanding (15) 42,621 + 14 + 3,946 42,621 Total factors supplying reserve funds 2,165,503 - 12,868 + 373,545 2,233,152 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 Oct 14, 2009 Oct 7, 2009 Oct 15, 2008 Oct 14, 2009 Currency in circulation (15) 917,691 + 3,405 + 64,548 918,123 Reverse repurchase agreements (16) 62,631 - 2,814 - 23,259 61,803 Foreign official and international accounts 62,631 - 2,814 - 16,116 61,803 Dealers 0 0 - 7,143 0 Treasury cash holdings 296 + 3 + 20 303 Deposits with F.R. Banks, other than reserve balances 142,038 - 37,333 - 383,008 139,259 U.S. Treasury, general account 23,173 - 18,406 + 15,835 15,570 U.S. Treasury, supplementary financing account 99,967 - 29,989 - 394,886 99,967 Foreign official 1,637 - 341 + 1,329 1,664 Service-related 3,395 - 5 - 2,742 3,396 Required clearing balances 3,395 - 1 - 2,742 3,396 Adjustments to compensate for float 0 - 4 0 0 Other 13,865 + 11,407 - 2,545 18,662 Other liabilities and capital (17) 61,227 + 1,115 + 14,660 65,079 Total factors, other than reserve balances, absorbing reserve funds 1,183,884 - 35,623 - 327,038 1,184,567 Reserve balances with Federal Reserve Banks 981,619 + 22,755 + 700,583 1,048,585 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 Oct 14, 2009 Oct 7, 2009 Oct 15, 2008 Oct 14, 2009 Marketable securities held in custody for foreign official and international accounts (1) 2,864,571 + 4,072 + 378,283 2,864,427 U.S. Treasury securities 2,101,676 + 4,019 + 550,685 2,100,059 Federal agency securities (2) 762,895 + 54 - 172,403 764,369 Securities lent to dealers 6,842 - 3,744 - 213,556 7,384 Overnight facility (3) 6,842 - 3,744 - 19,010 7,384 U.S. Treasury securities 6,355 - 3,755 - 19,497 6,833 Federal agency debt securities 488 + 12 + 488 551 Term facility (4) 0 0 - 194,546 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, October 14, 2009 Millions of dollars Remaining maturity Within 15 16 days to 91 days to Over 1 year Over 5 years Over 10 All days 90 days 1 year to 5 years to 10 years years Term auction credit 55,763 99,679 --- --- --- --- 155,442 Other loans (1) 21,093 6,691 0 83,975 0 --- 111,758 U.S. Treasury securities (2) Holdings 12,748 26,654 58,172 324,298 210,095 141,493 773,460 Weekly changes - 2,503 + 2,503 + 3 + 7 + 2,955 + 1,310 + 4,275 Federal agency debt securities (3) Holdings 0 30 19,920 85,414 29,003 2,017 136,384 Weekly changes 0 0 + 1,923 + 873 - 223 0 + 2,573 Mortgage-backed securities (4) Holdings 0 0 0 0 0 762,990 762,990 Weekly changes 0 0 0 0 0 + 70,699 + 70,699 Commercial paper held by Commercial Paper Funding Facility LLC (5) 31,214 4,600 0 --- --- --- 35,815 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) 38,620 5,007 0 0 0 0 43,627 Reverse repurchase agreements (7) 61,803 0 --- --- --- --- 61,803 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 Oct 14, 2009 Mortgage-backed securities held outright (1) 762,990 Commitments to buy mortgage-backed securities (2) 151,558 Commitments to sell mortgage-backed securities (2) 70 Cash and cash equivalents (3) 241 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 Oct 14, 2009 Net portfolio holdings of Maiden Lane LLC (1) 26,361 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) 382 Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3) 1,235 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 Oct 14, 2009 Net portfolio holdings of Maiden Lane II LLC (1) 14,466 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 16,296 Accrued interest payable to the Federal Reserve Bank of New York (2) 223 Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc. (3) 1,029 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 Oct 14, 2009 Net portfolio holdings of Maiden Lane III LLC (1) 20,228 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 19,036 Accrued interest payable to the Federal Reserve Bank of New York (2) 291 Outstanding principal amount and accrued interest on loan payable to American International Group, Inc. (3) 5,157 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 Oct 14, 2009 Commercial paper holdings, net (1) 35,499 Other investments, net 4,599 Net portfolio holdings of Commercial Paper Funding Facility LLC 40,098 Memorandum: Commercial paper holdings, face value 35,815 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 35,581 Accrued interest payable to the Federal Reserve Bank of New York (2) 19 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 Oct 14, 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 Oct 14, 2009 Oct 7, 2009 Oct 15, 2008 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 5,200 0 + 3,000 Coin 1,991 + 1 + 445 Securities, repurchase agreements, term auction credit, and other loans 1,940,033 + 55,163 + 664,911 Securities held outright (1) 1,672,833 + 77,546 +1,182,173 U.S. Treasury securities 773,460 + 4,275 + 296,905 Bills (2) 18,423 0 0 Notes and bonds, nominal (2) 704,717 + 4,249 + 293,960 Notes and bonds, inflation-indexed (2) 44,588 0 + 3,782 Inflation compensation (3) 5,732 + 26 - 837 Federal agency debt securities (2) 136,384 + 2,573 + 122,279 Mortgage-backed securities (4) 762,990 + 70,699 + 762,990 Repurchase agreements (5) 0 0 - 80,000 Term auction credit 155,442 - 22,937 - 107,650 Other loans 111,758 + 554 - 329,612 Net portfolio holdings of Commercial Paper Funding Facility LLC (6) 40,098 - 961 + 40,098 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) 26,361 + 57 - 3,165 Net portfolio holdings of Maiden Lane II LLC (9) 14,466 + 5 + 14,466 Net portfolio holdings of Maiden Lane III LLC (10) 20,228 + 62 + 20,228 Items in process of collection (788) 2,744 + 2,591 - 1,314 Bank premises 2,223 + 2 + 53 Central bank liquidity swaps (11) 43,627 - 6,204 - 363,255 Other assets (12) 87,954 + 4,030 + 48,064 Total assets (788) 2,195,962 + 54,747 + 423,531 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 Oct 14, 2009 Oct 7, 2009 Oct 15, 2008 Liabilities Federal Reserve notes, net of F.R. Bank holdings 877,792 + 1,672 + 59,294 Reverse repurchase agreements (13) 61,803 - 1,097 - 46,016 Deposits (0) 1,187,813 + 48,045 + 392,101 Depository institutions 1,051,949 + 85,412 + 780,068 U.S. Treasury, general account 15,570 - 15,435 - 8,413 U.S. Treasury, supplementary financing account 99,967 - 29,989 - 399,162 Foreign official 1,664 - 221 + 1,474 Other (0) 18,662 + 8,278 + 18,133 Deferred availability cash items (788) 3,474 + 694 - 570 Other liabilities and accrued dividends (14) 13,039 + 4,478 + 8,538 Total liabilities (788) 2,143,922 + 53,794 + 413,348 Capital accounts Capital paid in 24,897 + 8 + 4,581 Surplus 21,390 + 9 + 2,865 Other capital accounts 5,754 + 937 + 2,738 Total capital 52,040 + 953 + 10,182 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, October 14, 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. 5,200 196 1,818 210 237 412 654 424 150 90 153 282 574 Coin 1,991 63 77 166 144 277 238 263 34 60 134 213 321 Securities, repurchase agreements, term auction credit, and other loans 1,940,033 40,525 886,862 34,167 69,108 61,659 201,886 184,360 67,153 28,030 76,467 80,832 208,983 Securities held outright (1) 1,672,833 32,008 656,489 25,886 65,920 60,129 201,035 180,553 65,367 27,623 75,316 80,676 201,831 U.S. Treasury securities 773,460 14,837 302,326 11,999 30,558 27,873 93,191 83,697 30,301 12,805 34,913 37,398 93,560 Bills (2) 18,423 353 7,201 286 728 664 2,220 1,994 722 305 832 891 2,228 Notes and bonds (3) 755,037 14,484 295,125 11,714 29,830 27,209 90,972 81,703 29,579 12,500 34,082 36,507 91,332 Federal agency debt securities (2) 136,384 2,616 53,309 2,116 5,388 4,915 16,432 14,758 5,343 2,258 6,156 6,594 16,497 Mortgage-backed securities (4) 762,990 14,554 300,853 11,770 29,974 27,341 91,412 82,098 29,723 12,560 34,247 36,684 91,774 Repurchase agreements (5) 0 0 0 0 0 0 0 0 0 0 0 0 0 Term auction credit 155,442 8,357 120,819 8,183 3,179 1,287 691 2,875 1,714 285 1,134 150 6,769 Other loans 111,758 160 109,554 99 9 243 160 932 72 123 17 6 383 Net portfolio holdings of Commercial Paper Funding Facility LLC (6) 40,098 0 40,098 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) 26,361 0 26,361 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of Maiden Lane II LLC (9) 14,466 0 14,466 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of Maiden Lane III LLC (10) 20,228 0 20,228 0 0 0 0 0 0 0 0 0 0 Items in process of collection 3,532 59 0 349 215 69 2,299 83 193 37 70 66 93 Bank premises 2,223 121 244 69 146 239 222 206 134 111 269 252 212 Central bank liquidity swaps (11) 43,627 1,789 10,847 4,906 3,289 12,673 3,415 1,491 444 687 441 574 3,070 Other assets (12) 87,954 2,265 31,083 3,877 4,363 9,858 9,395 7,456 2,672 1,444 3,024 3,314 9,203 Interdistrict settlement account 0 + 12,702 + 36,162 + 21,923 - 13,381 + 218,708 - 64,516 - 84,837 - 33,419 - 7,701 - 34,321 - 16,929 - 34,391 Total assets 2,196,750 58,132 1,072,141 66,117 64,587 304,775 154,950 110,356 37,691 22,956 46,573 69,225 189,247 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, October 14, 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 1,065,349 35,128 392,430 39,250 44,959 82,116 131,675 85,506 30,824 19,555 28,629 62,814 112,464 Less: Notes held by F.R. Banks 187,557 4,726 62,175 6,916 9,096 11,758 26,193 13,978 4,443 3,162 3,362 15,177 26,571 Federal Reserve notes, net 877,792 30,402 330,255 32,333 35,863 70,357 105,481 71,528 26,381 16,393 25,267 47,637 85,894 Reverse repurchase agreements (13) 61,803 1,186 24,157 959 2,442 2,227 7,446 6,688 2,421 1,023 2,790 2,988 7,476 Deposits 1,187,813 24,348 692,908 26,548 21,895 217,321 37,690 29,804 7,906 3,539 17,606 17,404 90,844 Depository institutions 1,051,949 24,341 557,275 26,544 21,891 217,167 37,687 29,756 7,901 3,539 17,604 17,404 90,841 U.S. Treasury, general account 15,570 0 15,570 0 0 0 0 0 0 0 0 0 0 U.S. Treasury, supplementary financing account 99,967 0 99,967 0 0 0 0 0 0 0 0 0 0 Foreign official 1,664 2 1,635 4 3 11 3 1 0 1 0 1 3 Other 18,662 6 18,460 0 1 142 0 46 5 0 1 0 0 Deferred availability cash items 4,263 138 0 803 521 156 398 293 198 402 192 268 893 Other liabilities and accrued dividends (14) 13,039 163 9,266 196 268 609 599 514 234 145 215 273 558 Total liabilities 2,144,710 56,236 1,056,586 60,839 60,989 290,671 151,614 108,827 37,141 21,503 46,069 68,571 185,665 Capital Capital paid in 24,897 925 7,314 2,617 1,802 7,002 1,498 623 238 711 209 282 1,676 Surplus 21,390 844 5,918 2,316 1,551 5,982 1,612 704 209 324 207 271 1,450 Other capital 5,754 127 2,323 345 245 1,121 226 202 102 418 87 101 456 Total liabilities and capital 2,196,750 58,132 1,072,141 66,117 64,587 304,775 154,950 110,356 37,691 22,956 46,573 69,225 189,247 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, October 14, 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 Oct 14, 2009 Federal Reserve notes outstanding 1,065,349 Less: Notes held by F.R. Banks not subject to collateralization 187,557 Federal Reserve notes to be collateralized 877,792 Collateral held against Federal Reserve notes 877,792 Gold certificate account 11,037 Special drawing rights certificate account 5,200 U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 861,556 Other assets pledged 0 Memo: Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 1,672,833 Less: Face value of securities under reverse repurchase agreements 61,475 U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 1,611,358 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.