FEDERAL RESERVE statistical release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks April 16, 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 Apr 15, 2009 Apr 8, 2009 Apr 16, 2008 Apr 15, 2009 Reserve Bank credit 2,098,773 + 29,169 +1,231,892 2,169,405 Securities held outright 859,540 + 62,623 + 310,918 943,181 U.S. Treasury securities (1) 514,565 + 9,047 - 34,057 526,103 Bills (2) 18,423 0 - 51,894 18,423 Notes and bonds, nominal (2) 452,592 + 8,982 + 17,541 464,032 Notes and bonds, inflation-indexed (2) 39,391 + 13 + 954 39,473 Inflation compensation (3) 4,158 + 50 - 659 4,176 Federal agency debt securities (2) 57,760 + 2,999 + 57,760 61,441 Mortgage-backed securities (4) 287,215 + 50,577 + 287,215 355,637 Repurchase agreements (5) 0 0 - 106,964 0 Term auction credit 455,800 - 11,477 + 355,800 455,799 Other loans 114,419 - 7,609 + 81,756 111,202 Primary credit 48,490 - 669 + 40,649 46,869 Secondary credit 67 + 3 + 67 60 Seasonal credit 2 - 1 - 16 2 Primary dealer and other broker-dealer credit (6) 12,886 - 4,714 - 11,918 10,400 Asset-Backed Commercial Paper Money Market Mutual Fund Liquidity Facility 2,695 - 2,243 + 2,695 2,013 Credit extended to American International Group, Inc. (7) 45,106 - 465 + 45,106 45,479 Term Asset-Backed Securities Loan Facility 5,174 + 482 + 5,174 6,379 Other credit extensions 0 0 0 0 Net portfolio holdings of Commercial Paper Funding Facility LLC (8) 250,248 - 349 + 250,248 238,439 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) 26,404 + 60 + 26,404 26,439 Net portfolio holdings of Maiden Lane II LLC (11) 18,228 - 163 + 18,228 18,234 Net portfolio holdings of Maiden Lane III LLC (12) 27,359 - 117 + 27,359 27,412 Float -2,129 + 154 - 682 -2,597 Central bank liquidity swaps (13) 293,533 - 19,306 + 257,533 293,533 Other Federal Reserve assets (14) 55,372 + 5,354 + 11,292 57,763 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding (15) 38,884 + 14 + 177 38,884 Total factors supplying reserve funds 2,150,898 + 29,183 +1,232,069 2,221,530 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 Apr 15, 2009 Apr 8, 2009 Apr 16, 2008 Apr 15, 2009 Currency in circulation (15) 901,396 + 201 + 87,488 901,942 Reverse repurchase agreements (16) 71,379 + 5,322 + 31,332 70,627 Foreign official and international accounts 71,379 + 5,322 + 31,332 70,627 Dealers 0 0 0 0 Treasury cash holdings 323 + 7 - 34 333 Deposits with F.R. Banks, other than reserve balances 283,762 + 23,472 + 271,450 302,140 U.S. Treasury, general account 41,866 + 5,885 + 37,121 94,509 U.S. Treasury, supplementary financing account 199,929 + 1 + 199,929 199,929 Foreign official 2,474 + 1,339 + 2,377 2,775 Service-related 4,405 - 23 - 2,749 4,405 Required clearing balances 4,368 - 60 - 2,786 4,368 Adjustments to compensate for float 37 + 37 + 37 37 Other 35,088 + 16,270 + 34,772 521 Other liabilities and capital (17) 56,109 + 880 + 11,547 56,029 Total factors, other than reserve balances, absorbing reserve funds 1,312,968 + 29,882 + 401,783 1,331,072 Reserve balances with Federal Reserve Banks 837,930 - 699 + 830,285 890,458 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. 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 Apr 15, 2009 Apr 8, 2009 Apr 16, 2008 Apr 15, 2009 Marketable securities held in custody for foreign official and international accounts (1) 2,641,037 + 19,676 + 400,734 2,647,306 U.S. Treasury securities 1,832,398 + 20,353 + 504,763 1,842,954 Federal agency securities (2) 808,640 - 676 - 104,028 804,352 Securities lent to dealers 57,166 - 8,393 - 81,251 59,903 Overnight facility (3) 2,916 - 2,207 - 6,401 5,653 Term facility (4) 54,250 - 6,186 - 74,850 54,250 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. 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, April 15, 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 136,051 319,748 --- --- --- --- 455,799 Other loans (1) 54,403 4,941 0 51,858 --- --- 111,202 U.S. Treasury securities (2) Holdings 16,262 25,685 66,351 202,091 110,944 104,771 526,103 Weekly changes - 682 - 257 + 4,451 + 13,118 + 1,038 + 22 + 17,689 Federal agency debt securities (3) Holdings 0 0 4,175 43,981 13,080 205 61,441 Weekly changes 0 0 + 85 + 5,451 - 383 0 + 5,153 Mortgage-backed securities (4) Holdings 0 0 0 0 0 355,637 355,637 Weekly changes 0 0 0 0 0 + 118,986 + 118,986 Commercial paper held by Commercial Paper Funding Facility LLC (5) 150,928 85,651 0 --- --- --- 236,578 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) 152,943 140,590 0 0 0 0 293,533 Reverse repurchase agreements (7) 70,627 0 --- --- --- --- 70,627 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 Apr 15, 2009 Mortgage-backed securities held outright (1) 355,637 Commitments to buy mortgage-backed securities (2) 104,315 Commitments to sell mortgage-backed securities (2) 110,850 Cash and cash equivalents (3) 1,700 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 Apr 15, 2009 Net portfolio holdings of Maiden Lane LLC (1) 26,439 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) 309 Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3) 1,205 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 December 31, 2008. 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 Apr 15, 2009 Net portfolio holdings of Maiden Lane II LLC (1) 18,234 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 18,251 Accrued interest payable to the Federal Reserve Bank of New York (2) 107 Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc. (3) 1,013 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 December 31, 2008. 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 Apr 15, 2009 Net portfolio holdings of Maiden Lane III LLC (1) 27,412 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 23,542 Accrued interest payable to the Federal Reserve Bank of New York (2) 147 Outstanding principal amount and accrued interest on loan payable to American International Group, Inc. (3) 5,073 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 December 31, 2008. 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 Apr 15, 2009 Commercial paper holdings, net (1) 235,770 Other investments, net 2,670 Net portfolio holdings of Commercial Paper Funding Facility LLC 238,439 Memorandum: Commercial paper holdings, face value 236,578 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 235,246 Accrued interest payable to the Federal Reserve Bank of New York (2) 103 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 Apr 15, 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 Apr 15, 2009 Apr 8, 2009 Apr 16, 2008 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 2,200 0 0 Coin 1,838 + 3 + 457 Securities, repurchase agreements, term auction credit, and other loans 1,510,182 + 126,321 + 722,792 Securities held outright 943,181 + 141,828 + 394,549 U.S. Treasury securities (1) 526,103 + 17,689 - 22,529 Bills (2) 18,423 0 - 51,894 Notes and bonds, nominal (2) 464,032 + 17,544 + 28,981 Notes and bonds, inflation-indexed (2) 39,473 + 95 + 1,036 Inflation compensation (3) 4,176 + 49 - 651 Federal agency debt securities (2) 61,441 + 5,153 + 61,441 Mortgage-backed securities (4) 355,637 + 118,986 + 355,637 Repurchase agreements (5) 0 0 - 104,250 Term auction credit 455,799 - 11,478 + 355,799 Other loans 111,202 - 4,028 + 76,694 Net portfolio holdings of Commercial Paper Funding Facility LLC (6) 238,439 - 12,787 + 238,439 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) 26,439 + 41 + 26,439 Net portfolio holdings of Maiden Lane II LLC (9) 18,234 + 7 + 18,234 Net portfolio holdings of Maiden Lane III LLC (10) 27,412 + 62 + 27,412 Items in process of collection (530) 839 - 13 - 641 Bank premises 2,187 + 2 + 44 Central bank liquidity swaps (11) 293,533 - 19,863 + 257,533 Other assets (12) 55,616 + 4,177 + 13,761 Total assets (530) 2,187,957 + 97,951 +1,304,471 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 Apr 15, 2009 Apr 8, 2009 Apr 16, 2008 Liabilities Federal Reserve notes, net of F.R. Bank holdings 865,226 - 849 + 87,715 Reverse repurchase agreements (13) 70,627 + 3,655 + 29,968 Deposits (0) 1,192,639 + 94,534 +1,174,870 Depository institutions 894,904 + 53,315 + 882,161 U.S. Treasury, general account 94,509 + 70,825 + 89,895 U.S. Treasury, supplementary financing account 199,929 + 1 + 199,929 Foreign official 2,775 + 1,158 + 2,678 Other (0) 521 - 30,766 + 206 Deferred availability cash items (530) 3,436 - 196 - 439 Other liabilities and accrued dividends (14) 10,299 + 890 + 6,661 Total liabilities (530) 2,142,226 + 98,033 +1,298,774 Capital accounts Capital paid in 22,601 + 6 + 3,016 Surplus 21,173 + 8 + 2,702 Other capital accounts 1,957 - 96 - 20 Total capital 45,731 - 81 + 5,698 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, April 15, 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 11,037 424 3,935 453 423 891 1,221 913 344 199 349 636 1,249 Special drawing rights certificate acct. 2,200 115 874 83 104 147 166 212 71 30 66 98 234 Coin 1,838 67 83 159 147 251 213 224 38 62 127 177 291 Securities, repurchase agreements, term auction credit, and other loans 1,510,182 59,097 679,374 79,295 44,236 169,697 103,171 91,362 37,093 18,783 36,974 45,519 145,582 Securities held outright 943,181 39,561 335,578 41,181 35,765 85,526 93,845 83,245 32,593 17,806 34,632 39,124 104,326 U.S. Treasury securities (1) 526,103 22,067 187,184 22,970 19,950 47,706 52,346 46,434 18,180 9,932 19,317 21,823 58,193 Bills (2) 18,423 773 6,555 804 699 1,671 1,833 1,626 637 348 676 764 2,038 Notes and bonds (3) 507,681 21,294 180,630 22,166 19,251 46,036 50,513 44,808 17,544 9,584 18,641 21,059 56,155 Federal agency debt securities (2) 61,441 2,577 21,860 2,683 2,330 5,571 6,113 5,423 2,123 1,160 2,256 2,549 6,796 Mortgage-backed securities (4) 355,637 14,917 126,533 15,528 13,486 32,249 35,385 31,388 12,290 6,714 13,058 14,752 39,337 Repurchase agreements (5) 0 0 0 0 0 0 0 0 0 0 0 0 0 Term auction credit 455,799 17,282 240,022 38,010 8,464 83,498 9,009 6,304 4,387 743 2,342 6,063 39,676 Other loans 111,202 2,255 103,774 104 7 673 317 1,813 113 234 1 332 1,581 Net portfolio holdings of Commercial Paper Funding Facility LLC (6) 238,439 0 238,439 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) 26,439 0 26,439 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of Maiden Lane II LLC (9) 18,234 0 18,234 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of Maiden Lane III LLC (10) 27,412 0 27,412 0 0 0 0 0 0 0 0 0 0 Items in process of collection 1,368 36 0 254 193 33 238 132 140 65 41 67 170 Bank premises 2,187 122 209 65 146 235 223 208 133 112 272 249 212 Central bank liquidity swaps (11) 293,533 11,761 78,049 32,250 21,622 83,307 22,451 9,800 2,921 4,519 2,896 3,775 20,182 Other assets (12) 55,616 2,296 17,624 4,039 2,951 9,712 4,950 3,543 1,345 979 1,407 1,644 5,125 Interdistrict settlement account 0 + 11,412 - 28,604 - 52,191 + 6,857 - 4,067 + 16,591 + 1,805 - 5,415 - 1,498 + 9,886 + 10,971 + 34,255 Total assets 2,188,487 85,331 1,062,069 64,407 76,678 260,205 149,225 108,199 36,670 23,251 52,018 63,135 207,300 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, April 15, 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 1,046,717 37,148 370,791 40,340 45,548 79,173 132,491 87,852 29,942 19,987 29,251 63,209 110,985 Less: Notes held by F.R. Banks 181,491 5,027 57,610 4,945 7,558 12,110 27,889 13,049 3,857 2,719 3,493 18,270 24,963 Federal Reserve notes, net 865,226 32,121 313,181 35,395 37,990 67,063 104,601 74,803 26,085 17,268 25,759 44,939 86,021 Reverse repurchase agreements (13) 70,627 2,962 25,129 3,084 2,678 6,404 7,027 6,234 2,441 1,333 2,593 2,930 7,812 Deposits 1,192,639 48,136 702,905 20,350 32,196 173,711 33,581 24,820 7,373 3,270 22,903 14,268 109,125 Depository institutions 894,904 48,132 405,343 20,346 32,192 173,573 33,575 24,819 7,364 3,270 22,901 14,267 109,122 U.S. Treasury, general account 94,509 0 94,509 0 0 0 0 0 0 0 0 0 0 U.S. Treasury, supplementary financing account 199,929 0 199,929 0 0 0 0 0 0 0 0 0 0 Foreign official 2,775 2 2,746 4 3 11 3 1 0 1 0 1 3 Other 521 3 378 0 1 127 2 0 8 0 1 0 0 Deferred availability cash items 3,966 107 0 599 435 178 330 448 172 380 211 239 865 Other liabilities and accrued dividends (14) 10,299 165 7,711 201 189 505 353 290 153 112 126 175 319 Total liabilities 2,142,756 83,491 1,048,927 59,629 73,489 247,862 145,892 106,596 36,223 22,363 51,591 62,550 204,143 Capital Capital paid in 22,601 912 6,364 2,379 1,587 6,164 1,654 786 217 487 206 286 1,558 Surplus 21,173 844 5,704 2,315 1,552 5,981 1,612 704 210 324 208 271 1,449 Other capital 1,957 83 1,075 83 50 198 67 113 20 77 13 27 150 Total liabilities and capital 2,188,487 85,331 1,062,069 64,407 76,678 260,205 149,225 108,199 36,670 23,251 52,018 63,135 207,300 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, April 15, 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 Apr 15, 2009 Federal Reserve notes outstanding 1,046,717 Less: Notes held by F.R. Banks not subject to collateralization 181,491 Federal Reserve notes to be collateralized 865,226 Collateral held against Federal Reserve notes 865,226 Gold certificate account 11,037 Special drawing rights certificate account 2,200 U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 851,989 Other assets pledged 0 Memo: Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 943,181 Less: Face value of securities under reverse repurchase agreements 67,599 U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 875,582 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.