Federal Reserve Statistical Release, H.4.1, Factors Affecting Reserve Balances; title with eagle logo links to Statistical Release home page
Release Date:  May 21, 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
May 21, 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
May 20, 2009
Week ended
May 20, 2009
Change from week ended
May 13, 2009 May 21, 2008
                                                              
Reserve Bank credit                                       2,165,129    +   48,642    +1,293,676     2,165,293 
  Securities held outright                                1,085,600    +   59,951    +  582,769     1,091,426 
    U.S. Treasury securities (1)                            580,566    +   11,140    +   77,735       583,271 
      Bills (2)                                              18,423             0    -   22,732        18,423 
      Notes and bonds, nominal (2)                          516,228    +   11,114    +   98,837       518,925 
      Notes and bonds, inflation-indexed (2)                 41,253             0    +    2,082        41,253 
      Inflation compensation (3)                              4,661    +       25    -      453         4,671 
    Federal agency debt securities (2)                       74,549    +    2,440    +   74,549        76,674 
    Mortgage-backed securities (4)                          430,485    +   46,370    +  430,485       431,480 
  Repurchase agreements (5)                                       0             0    -  123,357             0 
  Term auction credit                                       428,835             0    +  303,835       428,835 
  Other loans                                               127,931    +    3,974    +  100,140       126,349 
    Primary credit                                           38,155    -    1,717    +   24,619        37,881 
    Secondary credit                                             20    +       20    +       20           140 
    Seasonal credit                                             11   +        2   -       35           11 
    Primary dealer and other broker-dealer credit (6)             0    -      482    -   14,209             0 
    Asset-Backed Commercial Paper Money Market                
      Mutual Fund Liquidity Facility                         28,121    -      660    +   28,121        27,291 
    Credit extended to American International                 
      Group, Inc. (7)                                        45,708    +        6    +   45,708        45,110 
    Term Asset-Backed Securities Loan Facility               15,915    +    6,805    +   15,915        15,916 
    Other credit extensions                                       0             0             0             0 
  Net portfolio holdings of Commercial Paper                  
    Funding Facility LLC (8)                                160,781    -    6,145    +  160,781       157,083 
  Net portfolio holdings of LLCs funded through               
    the Money Market Investor Funding Facility (9)                0             0             0             0 
  Net portfolio holdings of Maiden Lane LLC (10)             25,692    +       17    +   25,692        25,683 
  Net portfolio holdings of Maiden Lane II LLC (11)          16,152    +        8    +   16,152        16,163 
  Net portfolio holdings of Maiden Lane III LLC (12)         20,313    +       82    +   20,313        20,365 
  Float                                                      -1,993    +      127    -    1,078        -2,396 
  Central bank liquidity swaps (13)                         236,459    -   10,041    +  184,459       235,112 
  Other Federal Reserve assets (14)                          65,360    +      671    +   23,971        66,673 
Gold stock                                                   11,041             0             0        11,041 
Special drawing rights certificate account                    2,200             0             0         2,200 
Treasury currency outstanding (15)                           42,359    +       14    +    3,582        42,359 
                                                              
Total factors supplying reserve funds                     2,220,729    +   48,656    +1,297,258     2,220,893 
 

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
May 20, 2009
Week ended
May 20, 2009
Change from week ended
May 13, 2009 May 21, 2008
                                                              
Currency in circulation (15)                                904,802    -       12    +   87,041       906,713 
Reverse repurchase agreements (16)                           69,768    +    1,749    +   31,420        67,758 
  Foreign official and international accounts                69,768    +    1,749    +   31,420        67,758 
  Dealers                                                         0             0             0             0 
Treasury cash holdings                                          292    +        2    +       41           297 
Deposits with F.R. Banks, other than reserve balances       261,226    -   31,081    +  249,398       245,085 
  U.S. Treasury, general account                             49,838    -   26,221    +   45,439        37,929 
  U.S. Treasury, supplementary financing account            199,930    -        3    +  199,930       199,930 
  Foreign official                                            2,715    +      773    +    2,617         2,601 
  Service-related                                             4,343    +        4    -    2,701         4,343 
    Required clearing balances                                4,343    +        4    -    2,701         4,343 
    Adjustments to compensate for float                           0             0             0             0 
  Other                                                       4,400    -    5,634    +    4,112           282 
Other liabilities and capital (17)                           50,370    +    2,026    +    5,500        50,172 
                                                              
Total factors, other than reserve balances,                                                       
   absorbing reserve funds                                1,286,457    -   27,316    +  373,399     1,270,025 
                                                              
Reserve balances with Federal Reserve Banks                 934,272    +   75,972    +  923,860       950,868 
                                                                
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
May 20, 2009
Week ended
May 20, 2009
Change from week ended
May 13, 2009 May 21, 2008
                                                              
Marketable securities held in custody for foreign             
      official and international accounts (1)             2,709,571    +   25,930    +  432,899     2,719,019 
  U.S. Treasury securities                                1,894,092    +   26,676    +  556,471     1,901,006 
  Federal agency securities (2)                             815,479    -      746    -  123,572       818,013 
Securities lent to dealers                                   36,718    -    1,303    -   94,351        37,974 
  Overnight facility (3)                                      4,168    -    1,303    -    4,774         5,424 
  Term facility (4)                                          32,550             0    -   89,577        32,550 
 

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, May 20, 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                   243,369      185,466         ---            ---          ---         ---       428,835
Other loans (1)                        36,100       29,109          113        61,026          ---         ---       126,349
U.S. Treasury securities (2)                    
  Holdings                             18,121       23,187       60,214       235,265      128,320     118,164       583,271
  Weekly changes                   -    6,923   +    5,947   -    4,784    +    5,369   +      904  +    5,667    +    6,180
Federal agency debt securities (3)                        
  Holdings                                  0          196        5,505        52,813       17,625         535        76,674
  Weekly changes                            0            0   +      735    +    2,984            0           0    +    3,719
Mortgage-backed securities (4)                            
  Holdings                                  0            0            0             0            0     431,480       431,480
  Weekly changes                            0            0            0             0            0  -       65    -       65
Commercial paper held by                        
  Commercial Paper Funding                      
  Facility LLC (5)                     21,914      132,422            0           ---          ---         ---       154,336
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)      159,376       75,736            0             0            0           0       235,112
                                                
Reverse repurchase agreements (7)      67,758            0          ---           ---          ---         ---        67,758
  
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
May 20, 2009
                                                                                                
Mortgage-backed securities held outright (1)                                                       431,480    
                                                                                                
Commitments to buy mortgage-backed securities (2)                                                  148,615    
Commitments to sell mortgage-backed securities (2)                                                 106,455    
                                                                                                
Cash and cash equivalents (3)                                                                        1,247    
 

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
May 20, 2009
                                                                                                
Net portfolio holdings of Maiden Lane LLC (1)                                                       25,683    
                                                                                                
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)                                   323    
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3)        1,211    
 
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 March 31, 2009. Any assets purchased after this valuation date
are initially recorded at cost until their estimated fair value as of the purchase date becomes available.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement
of condition consistent with consolidation under generally accepted accounting principles. Refer to
the note on consolidation accompanying table 10.
3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1
and in other liabilities and accrued dividends in table 9 and table 10.
 

Note: On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended credit to Maiden Lane LLC
under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed
to acquire certain assets of Bear Stearns and to manage those assets through time to maximize repayment of
the credit extended and to minimize disruption to financial markets. Payments by Maiden Lane LLC from the
proceeds of the net portfolio holdings will be made in the following order: operating expenses of the LLC,
principal due to the FRBNY, interest due to the FRBNY, principal due to JPMorgan Chase & Co., and interest
due to JPMorgan Chase & Co. Any remaining funds will be paid to the FRBNY.
 

 

 

5. Information on Principal Accounts of Maiden Lane II LLC
Millions of dollars
Account name Wednesday
May 20, 2009
                                                                                                
Net portfolio holdings of Maiden Lane II LLC (1)                                                     16,163   
                                                                                                
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)            17,877   
Accrued interest payable to the Federal Reserve Bank of New York (2)                                    133   
Deferred payment and accrued interest payable to subsidiaries of American International         
  Group, Inc. (3)                                                                                     1,016   
 

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 March 31, 2009. Any assets purchased after this valuation date
are initially recorded at cost until their estimated fair value as of the purchase date becomes available.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement
of condition consistent with consolidation under generally accepted accounting principles. Refer to the
note on consolidation accompanying table 10.
3. Book value. The deferred payment represents the portion of the proceeds of the net portfolio holdings due
to subsidiaries of American International Group, Inc. in accordance with the asset purchase agreement.
The fair value of this payment and accrued interest payable are included in other liabilities and capital
in table 1 and in other liabilities and accrued dividends in table 9 and table 10.
 

Note: On December 12, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden
Lane II LLC under the authority of section 13(3) of the Federal Reserve Act. This limited liability company
was formed to purchase residential mortgage-backed securities from the U.S. securities lending reinvestment
portfolio of subsidiaries of American International Group, Inc. (AIG subsidiaries). Payments by Maiden
Lane II LLC from the proceeds of the net portfolio holdings will be made in the following order: operating
expenses of Maiden Lane II LLC, principal due to the FRBNY, interest due to the FRBNY, and deferred payment
and interest due to AIG subsidiaries. Any remaining funds will be shared by the FRBNY and AIG subsidiaries.
 

 

6. Information on Principal Accounts of Maiden Lane III LLC
Millions of dollars
Account name Wednesday
May 20, 2009
                                                                                                
Net portfolio holdings of Maiden Lane III LLC (1)                                                    20,365   
                                                                                                
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)            22,992   
Accrued interest payable to the Federal Reserve Bank of New York (2)                                    180   
Outstanding principal amount and accrued interest on loan payable to American International     
  Group, Inc. (3)                                                                                     5,089   
 

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 March 31, 2009. Any assets purchased after this valuation date
are initially recorded at cost until their estimated fair value as of the purchase date becomes available.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement
of condition consistent with consolidation under generally accepted accounting principles. Refer to the
note on consolidation accompanying table 10.
3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1
and in other liabilities and accrued dividends in table 9 and table 10.
 

Note: On November 25, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden Lane
III LLC under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was
formed to purchase multi-sector collateralized debt obligations (CDOs) on which the Financial Products group
of American International Group, Inc. (AIG) has written credit default swap (CDS) contracts. In connection
with the purchase of CDOs, the CDS counterparties will concurrently unwind the related CDS transactions.
Payments by Maiden Lane III LLC from the proceeds of the net portfolio holdings will be made in the following
order: operating expenses of Maiden Lane III LLC, principal due to the FRBNY, interest due to the FRBNY,
principal due to AIG, and interest due to AIG. Any remaining funds will be shared by the FRBNY and AIG.
 

 

7. Information on Principal Accounts of Commercial Paper Funding Facility LLC
Millions of dollars
Account name Wednesday
May 20, 2009
                                                                                                
Commercial paper holdings, net (1)                                                                  153,479   
Other investments, net                                                                                3,604   
Net portfolio holdings of Commercial Paper Funding Facility LLC                                     157,083   
                                                                                                
Memorandum: Commercial paper holdings, face value                                                   154,336   
                                                                                                
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)           153,381   
Accrued interest payable to the Federal Reserve Bank of New York (2)                                     40   
 

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
May 20, 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
May 20, 2009
Wednesday
May 13, 2009
Wednesday
May 21, 2008
Assets                                                   
Gold certificate account                                           11,037                0                   0
Special drawing rights certificate account                          2,200                0                   0
Coin                                                                1,818       -       42          +      473
Securities, repurchase agreements, term auction          
      credit, and other loans                                   1,646,610       +    4,134          +  855,877
  Securities held outright                                      1,091,426       +    9,835          +  588,563
    U.S. Treasury securities (1)                                  583,271       +    6,180          +   80,408
      Bills (2)                                                    18,423                0          -   22,732
      Notes and bonds, nominal (2)                                518,925       +    6,155          +  101,534
      Notes and bonds, inflation-indexed (2)                       41,253                0          +    2,082
      Inflation compensation (3)                                    4,671       +       26          -      475
    Federal agency debt securities (2)                             76,674       +    3,719          +   76,674
    Mortgage-backed securities (4)                                431,480       -       65          +  431,480
  Repurchase agreements (5)                                             0                0          -  134,000
  Term auction credit                                             428,835                0          +  303,835
  Other loans                                                     126,349       -    5,700          +   97,478
Net portfolio holdings of Commercial Paper               
  Funding Facility LLC (6)                                        157,083       -    6,126          +  157,083
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)                      25,683       -       10          +   25,683
Net portfolio holdings of Maiden Lane II LLC (9)                   16,163       +       13          +   16,163
Net portfolio holdings of                                
  Maiden Lane III LLC (10)                                         20,365       +       60          +   20,365
Items in process of collection                         (353)          407       +       47          -      476
Bank premises                                                       2,196       +        2          +       45
Central bank liquidity swaps (11)                                 235,112       -   11,726          +  183,112
Other assets (12)                                                  64,487       -    1,027          +   24,818
                                                         
      Total assets                                     (353)    2,183,161       -   14,674          +1,283,144
 

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
May 20, 2009
Wednesday
May 13, 2009
Wednesday
May 21, 2008
Liabilities                                              
Federal Reserve notes, net of F.R. Bank holdings                  866,465       +      954          +   83,120
Reverse repurchase agreements (13)                                 67,758       -    3,136          +   30,732
Deposits                                                 (0)    1,195,962       -   12,743          +1,163,405
  Depository institutions                                         955,220       +   23,483          +  927,473
  U.S. Treasury, general account                                   37,929       -   19,238          +   33,509
  U.S. Treasury, supplementary financing account                  199,930       -        3          +  199,930
  Foreign official                                                  2,601       +       54          +    2,503
  Other                                                  (0)          282       -   17,040          -       10
Deferred availability cash items                       (353)        2,804       -      547          +      357
Other liabilities and accrued dividends (14)                        6,368       +       87          +    2,674
                                                         
      Total liabilities                                (353)    2,139,357       -   15,386          +1,280,288
                                                         
Capital accounts                                         
Capital paid in                                                    23,827       +      889          +    3,904
Surplus                                                            18,544       +      403          +       65
Other capital accounts                                              1,433       -      580          -    1,114
                                                         
      Total capital                                                43,804       +      712          +    2,855
 

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, May 20, 2009
Millions of dollars
Assets, liabilities, and capital Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas
City
Dallas San
Francisco
Assets                                                             
Gold certificate account                      11,037         412       3,895         450         467         882       1,356         911         329         197         335         621       1,182 
Special drawing rights certificate acct.       2,200         115         874          83         104         147         166         212          71          30          66          98         234 
Coin                                           1,818          69          82         151         148         241         205         223          39          62         130         178         291 
Securities, repurchase agreements, term                            
      auction credit, and other loans      1,646,610      63,046     755,847      41,328      50,108     126,264     148,247     125,840      46,561      19,063      51,595      57,337     161,374 
  Securities held outright                 1,091,426      20,937     426,612      16,932      43,120      39,332     131,502     118,104      42,758      18,069      49,266      52,772     132,022 
    U.S. Treasury securities (1)             583,271      11,189     227,986       9,049      23,044      21,019      70,276      63,116      22,850       9,656      26,328      28,202      70,554 
      Bills (2)                               18,423         353       7,201         286         728         664       2,220       1,994         722         305         832         891       2,228 
      Notes and bonds (3)                    564,849      10,836     220,785       8,763      22,316      20,355      68,056      61,123      22,129       9,351      25,497      27,311      68,326 
    Federal agency debt securities (2)        76,674       1,471      29,970       1,190       3,029       2,763       9,238       8,297       3,004       1,269       3,461       3,707       9,275 
    Mortgage-backed securities (4)           431,480       8,277     168,655       6,694      17,047      15,549      51,987      46,691      16,904       7,143      19,477      20,863      52,193 
  Repurchase agreements (5)                        0           0           0           0           0           0           0           0           0           0           0           0           0 
  Term auction credit                        428,835      14,642     234,882      24,099       6,988      86,160      16,453       5,964       3,704         748       2,309       4,455      28,433 
  Other loans                                126,349      27,467      94,353         297           0         773         293       1,772          99         246          19         110         920 
Net portfolio holdings of Commercial                               
  Paper Funding Facility LLC (6)             157,083           0     157,083           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)                                     25,683           0      25,683           0           0           0           0           0           0           0           0           0           0 
Net portfolio holdings of Maiden                                   
  Lane II LLC (9)                             16,163           0      16,163           0           0           0           0           0           0           0           0           0           0 
Net portfolio holdings of Maiden                                   
  Lane III LLC (10)                           20,365           0      20,365           0           0           0           0           0           0           0           0           0           0 
Items in process of collection                   761          23           0         131          81          65          45          74          69          56          81          67          69 
Bank premises                                  2,196         122         215          66         146         235         222         208         135         112         271         249         213 
Central bank liquidity swaps (11)            235,112       9,812      55,335      26,906      18,039      69,503      18,731       8,176       2,437       3,770       2,417       3,149      16,838 
Other assets (12)                             64,487       1,789      22,161       3,361       3,381       8,605       6,604       5,021       1,807       1,056       2,023       2,240       6,440 
Interdistrict settlement account                   0   +  16,898   +   3,013   -  12,545   -     833   +  58,645   -  25,381   -  35,383   -  16,505   -   2,307   -   4,755   -   2,465   +  21,620 
                                                                   
      Total assets                         2,183,514      92,286   1,060,715      59,931      71,641     264,587     150,195     105,283      34,943      22,038      52,161      61,474     208,261 
 

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, May 20, 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           1,051,286      36,743     373,692      40,375      45,408      80,115     133,038      87,699      31,389      20,142      29,056      62,921     110,707 
  Less: Notes held by F.R. Banks              184,820       4,793      59,121       5,151       7,874      12,292      28,917      12,792       4,123       3,016       3,336      19,107      24,299 
    Federal Reserve notes, net                866,465      31,950     314,571      35,224      37,534      67,823     104,121      74,906      27,266      17,126      25,721      43,815      86,408 
Reverse repurchase agreements (13)             67,758       1,300      26,485       1,051       2,677       2,442       8,164       7,332       2,654       1,122       3,059       3,276       8,196 
Deposits                                    1,195,962      56,972     705,724      18,060      27,646     180,610      34,000      20,756       4,262       2,446      22,629      13,431     109,427 
  Depository institutions                     955,220      56,961     465,129      18,055      27,642     180,500      33,997      20,754       4,254       2,445      22,628      13,430     109,424 
  U.S. Treasury, general account               37,929           0      37,929           0           0           0           0           0           0           0           0           0           0 
  U.S. Treasury, supplementary                                      
    financing account                         199,930           0     199,930           0           0           0           0           0           0           0           0           0           0 
  Foreign official                              2,601           2       2,572           4           3          11           3           1           0           1           0           1           3 
  Other                                           282           9         164           0           1          99           0           1           7           0           1           0           0 
Deferred availability cash items                3,157          87           0         549         366         130         268         322         101         275         189         199         672 
Other liabilities and accrued                                                 
  dividends (14)                                6,368         142       3,621         179         208         495         411         337         167         113         140         189         366 
                                                                    
      Total liabilities                     2,139,710      90,451   1,050,401      55,064      68,430     251,499     146,964     103,654      34,450      21,081      51,737      60,910     205,070 
                                                                    
Capital                                                             
Capital paid in                                23,827         911       7,240       2,427       1,591       6,522       1,562         793         238         486         206         273       1,578 
Surplus                                        18,544         844       3,074       2,316       1,552       5,981       1,612         704         210         324         208         271       1,449 
Other capital                                   1,433          79           0         125          68         585          56         133          46         146          11          19         164 
                                                                    
      Total liabilities and capital         2,183,514      92,286   1,060,715      59,931      71,641     264,587     150,195     105,283      34,943      22,038      52,161      61,474     208,261 
                              
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, May 20, 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
May 20, 2009
                                                                                            
Federal Reserve notes outstanding                                                              1,051,286 
  Less: Notes held by F.R. Banks not subject to collateralization                                184,820 
    Federal Reserve notes to be collateralized                                                   866,465 
Collateral held against Federal Reserve notes                                                    866,465 
  Gold certificate account                                                                        11,037 
  Special drawing rights certificate account                                                       2,200 
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                       853,228 
  Other assets pledged                                                                                 0 
                                                                                            
Memo:                                                                                       
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                         1,091,426 
  Less: Face value of securities under reverse repurchase agreements                              65,931 
    U.S. Treasury, agency debt, and mortgage-backed securities                              
    eligible to be pledged                                                                     1,025,495 
   
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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