Federal Reserve Statistical Release, H.4.1, Factors Affecting Reserve Balances; title with eagle logo links to Statistical Release home page
Release Date:  April 16, 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
April 16, 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
Apr 15, 2009
Week ended
Apr 15, 2009
Change from week ended
Apr 8, 2009 Apr 16, 2008
                                                              
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
reserve balances of depository institutions at
Federal Reserve Banks
Averages of daily figures Wednesday
Apr 15, 2009
Week ended
Apr 15, 2009
Change from week ended
Apr 8, 2009 Apr 16, 2008
                                                              
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

Memorandum item
Averages of daily figures Wednesday
Apr 15, 2009
Week ended
Apr 15, 2009
Change from week ended
Apr 8, 2009 Apr 16, 2008
                                                              
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
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                   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
Account name Wednesday
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
Account name Wednesday
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
Account name Wednesday
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
Account name Wednesday
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
Account name Wednesday
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
Account name Wednesday
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
Assets, liabilities, and capital Eliminations
from
consolidation
  Change since
Wednesday
Apr 15, 2009
Wednesday
Apr 8, 2009
Wednesday
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
Assets, liabilities, and capital Eliminations
from
consolidation
  Change since
Wednesday
Apr 15, 2009
Wednesday
Apr 8, 2009
Wednesday
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
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         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
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           1,046,717      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.

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