FEDERAL RESERVE statistical release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks January 14, 2010 1. Factors Affecting Reserve Balances of Depository Institutions Millions of dollars Reserve Bank credit, related items, and Averages of daily figures reserve balances of depository institutions at Week ended Change from week ended Wednesday Federal Reserve Banks Jan 13, 2010 Jan 6, 2010 Jan 14, 2009 Jan 13, 2010 Reserve Bank credit 2,225,705 + 9,339 + 170,406 2,273,707 Securities held outright (1) 1,856,314 + 11,361 +1,358,825 1,906,022 U.S. Treasury securities 776,600 + 9 + 301,011 776,603 Bills (2) 18,423 0 0 18,423 Notes and bonds, nominal (2) 707,649 0 + 297,158 707,649 Notes and bonds, inflation-indexed (2) 44,643 0 + 3,572 44,643 Inflation compensation (3) 5,886 + 9 + 282 5,889 Federal agency debt securities (2) 160,693 + 814 + 140,335 160,829 Mortgage-backed securities (4) 919,021 + 10,538 + 917,479 968,590 Repurchase agreements (5) 0 0 - 57,143 0 Term auction credit 75,918 0 - 295,469 75,918 Other loans 87,995 - 2,132 - 72,728 85,760 Primary credit 17,500 - 1,953 - 51,601 15,936 Secondary credit 966 + 12 + 925 981 Seasonal credit 1 - 20 + 1 0 Primary dealer and other broker-dealer credit (6) 0 0 - 33,690 0 Asset-Backed Commercial Paper Money Market Mutual Fund Liquidity Facility 0 0 - 18,767 0 Credit extended to American International Group, Inc., net (7) 22,210 + 44 - 16,914 22,252 Term Asset-Backed Securities Loan Facility, net (8) 47,319 - 213 + 47,319 46,591 Other credit extensions 0 0 0 0 Net portfolio holdings of Commercial Paper Funding Facility LLC (9) 14,081 + 14 - 320,501 14,092 Net portfolio holdings of Maiden Lane LLC (10) 26,737 + 31 - 333 26,742 Net portfolio holdings of Maiden Lane II LLC (11) 15,403 - 257 - 4,392 15,404 Net portfolio holdings of Maiden Lane III LLC (12) 22,350 - 324 - 4,539 22,401 Net portfolio holdings of TALF LLC (13) 298 0 + 298 298 Preferred interests in AIA Aurora LLC and ALICO Holdings LLC (14) 25,106 0 + 25,106 25,106 Float -2,043 + 239 - 651 -2,551 Central bank liquidity swaps (15) 8,196 - 2,076 - 510,032 5,895 Other Federal Reserve assets (16) 95,352 + 2,484 + 51,967 98,621 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 5,200 0 + 3,000 5,200 Treasury currency outstanding (17) 42,747 + 14 + 1,779 42,747 Total factors supplying reserve funds 2,284,693 + 9,353 + 175,185 2,332,695 Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table. 1. Factors Affecting Reserve Balances of Depository Institutions (continued) Millions of dollars Reserve Bank credit, related items, and Averages of daily figures reserve balances of depository institutions at Week ended Change from week ended Wednesday Federal Reserve Banks Jan 13, 2010 Jan 6, 2010 Jan 14, 2009 Jan 13, 2010 Currency in circulation (17) 920,486 - 6,820 + 37,159 919,620 Reverse repurchase agreements (18) 62,790 - 12,311 - 18,907 64,366 Foreign official and international accounts 62,790 - 12,311 - 18,907 64,366 Dealers 0 0 0 0 Treasury cash holdings 253 + 12 - 15 254 Deposits with F.R. Banks, other than reserve balances 174,913 - 40,198 - 72,177 144,009 U.S. Treasury, general account 136,382 - 41,961 + 99,556 124,175 U.S. Treasury, supplementary financing account 5,001 0 - 194,685 5,001 Foreign official 3,111 + 499 + 2,886 2,884 Service-related 3,022 + 1 - 1,368 3,022 Required clearing balances 3,021 0 - 1,369 3,021 Adjustments to compensate for float 0 0 0 0 Other 27,397 + 1,263 + 21,435 8,927 Other liabilities and capital (19) 67,017 + 3,549 + 17,490 72,244 Total factors, other than reserve balances, absorbing reserve funds 1,225,460 - 55,767 - 36,449 1,200,492 Reserve balances with Federal Reserve Banks 1,059,233 + 65,120 + 211,635 1,132,203 Note: Components may not sum to totals because of rounding. 1. Includes securities lent to dealers under the overnight and term securities lending facilities; refer to table 1A. 2. Face value of the securities. 3. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed securities. 4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the underlying mortgages. 5. Cash value of agreements. 6. Includes credit extended through the Primary Dealer Credit Facility and credit extended to certain other broker-dealers. 7. Includes outstanding principal and capitalized interest net of unamortized deferred commitment fees and allowance for loan restructuring. Excludes credit extended to consolidated LLCs. 8. Includes credit extended by the Federal Reserve Bank of New York to eligible borrowers through the Term Asset-Backed Securities Loan Facility, net of unamortized deferred administrative fees. 9. Refer to table 7 and the note on consolidation accompanying table 11. 10. Refer to table 4 and the note on consolidation accompanying table 11. 11. Refer to table 5 and the note on consolidation accompanying table 11. 12. Refer to table 6 and the note on consolidation accompanying table 11. 13. Refer to table 8 and the note on consolidation accompanying table 11. 14. Refer to table 9. 15. 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. 16. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates, and accrued dividends on the Federal Reserve Bank of New York's preferred interests in AIA Aurora LLC and ALICO Holdings LLC. 17. Estimated. 18. Cash value of agreements, which are collateralized by U.S. Treasury securities and federal agency debt securities. 19. Includes the liabilities of Commercial Paper Funding Facility LLC, Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF 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 11. Sources: Federal Reserve Banks and the U.S. Department of the Treasury. 1A. Memorandum Items Millions of dollars Averages of daily figures Memorandum item Week ended Change from week ended Wednesday Jan 13, 2010 Jan 6, 2010 Jan 14, 2009 Jan 13, 2010 Marketable securities held in custody for foreign official and international accounts (1) 2,950,757 - 10,886 + 422,774 2,949,181 U.S. Treasury securities 2,183,777 - 11,467 + 468,643 2,181,839 Federal agency securities (2) 766,981 + 582 - 45,868 767,342 Securities lent to dealers 9,694 - 7,900 - 131,075 7,800 Overnight facility (3) 9,694 - 7,900 + 1,804 7,800 U.S. Treasury securities 9,182 - 7,444 + 1,292 7,312 Federal agency debt securities 512 - 456 + 512 488 Term facility (4) 0 0 - 132,879 0 Note: Components may not sum to totals because of rounding. 1. Face value of the securities. Includes U.S. Treasury STRIPS, other zero-coupon bonds, and mortgage-backed securities at face value. 2. Includes debt and mortgage-backed securities. 3. Fully collateralized by U.S. Treasury securities. 4. U.S. Treasury securities only. Fully collateralized by U.S. Treasury securities, federal agency securities, and other highly rated debt securities. 2. Maturity Distribution of Term Auction Credit, Other Loans, and Securities, January 13, 2010 Millions of dollars Remaining maturity Within 15 16 days to 91 days to Over 1 year Over 5 years Over 10 All days 90 days 1 year to 5 years to 10 years years Term auction credit 75,918 0 --- --- --- --- 75,918 Other loans (1) 16,448 469 0 68,843 0 --- 85,760 U.S. Treasury securities (2) Holdings 19,266 21,204 50,773 326,878 213,723 144,759 776,603 Weekly changes + 3,867 - 3,867 + 1 + 2 + 2 + 3 + 8 Federal agency debt securities (3) Holdings 68 3,131 22,572 98,273 34,438 2,347 160,829 Weekly changes 0 + 85 + 1,044 - 1,129 + 650 + 300 + 950 Mortgage-backed securities (4) Holdings 0 0 0 0 0 968,590 968,590 Weekly changes 0 0 0 0 0 + 59,853 + 59,853 Commercial paper held by Commercial Paper Funding Facility LLC (5) 8,463 977 0 --- --- --- 9,440 Asset-backed securities held by TALF LLC (6) 0 0 0 0 0 0 0 Repurchase agreements (7) 0 0 --- --- --- --- 0 Central bank liquidity swaps (8) 5,895 0 0 0 0 0 5,895 Reverse repurchase agreements (7) 64,366 0 --- --- --- --- 64,366 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, Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF 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 asset-backed securities held by TALF LLC, which is the remaining principal balance of the underlying assets. 7. Cash value of agreements. 8. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the foreign central bank. 3. Supplemental Information on Mortgage-Backed Securities Purchase Program Millions of dollars Wednesday Account name Jan 13, 2010 Mortgage-backed securities held outright (1) 968,590 Commitments to buy mortgage-backed securities (2) 120,640 Commitments to sell mortgage-backed securities (2) 0 Cash and cash equivalents (3) 1,884 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 10 and table 11. 4. Information on Principal Accounts of Maiden Lane LLC Millions of dollars Wednesday Account name Jan 13, 2010 Net portfolio holdings of Maiden Lane LLC (1) 26,742 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) 418 Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3) 1,250 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 September 30, 2009. Any assets purchased after this valuation date are initially recorded at cost until their estimated fair value as of the purchase date becomes available. 2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 11. 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 10 and table 11. Note: On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended credit to Maiden Lane LLC under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to acquire certain assets of Bear Stearns and to manage those assets through time to maximize repayment of the credit extended and to minimize disruption to financial markets. Payments by Maiden Lane LLC from the proceeds of the net portfolio holdings will be made in the following order: operating expenses of the LLC, principal due to the FRBNY, interest due to the FRBNY, principal due to JPMorgan Chase & Co., and interest due to JPMorgan Chase & Co. Any remaining funds will be paid to the FRBNY. 5. Information on Principal Accounts of Maiden Lane II LLC Millions of dollars Wednesday Account name Jan 13, 2010 Net portfolio holdings of Maiden Lane II LLC (1) 15,404 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 15,479 Accrued interest payable to the Federal Reserve Bank of New York (2) 273 Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc. (3) 1,038 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 September 30, 2009. Any assets purchased after this valuation date are initially recorded at cost until their estimated fair value as of the purchase date becomes available. 2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 11. 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 10 and table 11. Note: On December 12, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden Lane II LLC under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to purchase residential mortgage-backed securities from the U.S. securities lending reinvestment portfolio of subsidiaries of American International Group, Inc. (AIG subsidiaries). Payments by Maiden Lane II LLC from the proceeds of the net portfolio holdings will be made in the following order: operating expenses of Maiden Lane II LLC, principal due to the FRBNY, interest due to the FRBNY, and deferred payment and interest due to AIG subsidiaries. Any remaining funds will be shared by the FRBNY and AIG subsidiaries. 6. Information on Principal Accounts of Maiden Lane III LLC Millions of dollars Wednesday Account name Jan 13, 2010 Net portfolio holdings of Maiden Lane III LLC (1) 22,401 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 17,743 Accrued interest payable to the Federal Reserve Bank of New York (2) 349 Outstanding principal amount and accrued interest on loan payable to American International Group, Inc. (3) 5,199 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 September 30, 2009. Any assets purchased after this valuation date are initially recorded at cost until their estimated fair value as of the purchase date becomes available. 2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 11. 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 10 and table 11. Note: On November 25, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden Lane III LLC under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to purchase multi-sector collateralized debt obligations (CDOs) on which the Financial Products group of American International Group, Inc. (AIG) has written credit default swap (CDS) contracts. In connection with the purchase of CDOs, the CDS counterparties will concurrently unwind the related CDS transactions. Payments by Maiden Lane III LLC from the proceeds of the net portfolio holdings will be made in the following order: operating expenses of Maiden Lane III LLC, principal due to the FRBNY, interest due to the FRBNY, principal due to AIG, and interest due to AIG. Any remaining funds will be shared by the FRBNY and AIG. 7. Information on Principal Accounts of Commercial Paper Funding Facility LLC Millions of dollars Wednesday Account name Jan 13, 2010 Commercial paper holdings, net (1) 9,279 Other investments, net 4,814 Net portfolio holdings of Commercial Paper Funding Facility LLC 14,092 Memorandum: Commercial paper holdings, face value 9,440 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 9,374 Accrued interest payable to the Federal Reserve Bank of New York (2) 5 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 11. 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 TALF LLC Millions of dollars Wednesday Account name Jan 13, 2010 Asset-backed securities holdings (1) 0 Other investments, net 298 Net portfolio holdings of TALF LLC 298 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 Funding provided by U.S. Treasury to TALF LLC, including accrued interest payable (3) 103 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. 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 11. 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 10 and table 11. Note: On November 25, 2008, the Federal Reserve announced the creation of the Term Asset-Backed Securities Loan Facility (TALF) under the authority of section 13(3) of the Federal Reserve Act. The TALF is a facility under which the Federal Reserve Bank of New York (FRBNY) extends loans with a term of up to five years to holders of eligible asset-backed securities. The TALF is intended to assist financial markets in accommodating the credit needs of consumers and businesses by facilitating the issuance of asset-backed securities collateralized by a variety of consumer and business loans. The loans provided through the TALF to eligible borrowers are non-recourse, meaning that the obligation of the borrower can be discharged by surrendering the collateral to the FRBNY. The loans are extended for the market value of the security less an amount known as a haircut. As a result, the borrower bears the initial risk of a decline in the value of the security. TALF LLC is a limited liability company formed to purchase and manage any asset-backed securities received by the FRBNY in connection with the decision of a borrower not to repay a TALF loan. TALF LLC has committed, for a fee, to purchase all asset-backed securities received by the FRBNY in conjunction with a TALF loan at a price equal to the TALF loan plus accrued but unpaid interest. Losses on asset-backed securities held by TALF LLC will be offset in the following order: by the commitment fees collected by TALF LLC, by the interest received on investments of TALF LLC, by up to $20 billion in subordinated debt funding provided by the U.S. Treasury, and finally, by senior debt funding provided by the FRBNY. Payments by TALF LLC from the proceeds of its net portfolio holdings will be made in the following order: operating expenses of TALF LLC, principal due to the FRBNY, principal due to the U.S. Treasury, interest due to the FRBNY, and interest due to the U.S. Treasury. Any remaining funds will be shared by the FRBNY and the U.S. Treasury. 9. Supplemental Information on the Federal Reserve Bank of New York's Preferred Interests in AIA Aurora LLC and ALICO Holdings LLC Millions of dollars Wednesday Account name Jan 13, 2010 Preferred interests in AIA Aurora LLC and ALICO Holdings LLC (1) 25,106 Accrued dividends on preferred interests in AIA Aurora LLC and ALICO Holdings LLC (2) 45 Preferred interests in AIA Aurora LLC (1) 16,068 Accrued dividends on preferred interests in AIA Aurora LLC (2) 29 Preferred interests in ALICO Holdings LLC (1) 9,038 Accrued dividends on preferred interests in ALICO Holdings LLC (2) 16 Note: Components may not sum to totals because of rounding. 1. Book value. 2. This amount is included in other Federal Reserve assets in table 1 and in other assets in table 10 and table 11. Note on preferred interests: In conjunction with the restructuring of the government's assistance to American International Group, Inc. (AIG) announced March 2, 2009, the outstanding balance and amount available of revolving credit provided to AIG by the FRBNY has been reduced in exchange for preferred interests in two special purpose vehicles, AIA Aurora LLC and ALICO Holdings LLC. These two limited liability companies were created to directly or indirectly hold all of the outstanding common stock of American International Assurance Company Ltd. (AIA) and American Life Insurance Company (ALICO), two life insurance subsidiaries of AIG. AIG will retain control of AIA Aurora LLC and ALICO Holdings LLC, and the FRBNY will have certain consent, disposition, and conversion rights with respect to its preferred interests. Dividends accrue as a percentage of the FRBNY's preferred interests in AIA Aurora LLC and ALICO Holdings LLC. On a quarterly basis, the accrued dividends are capitalized and added to the FRBNY's preferred interests in AIA Aurora LLC and ALICO Holdings LLC. 10. Consolidated Statement of Condition of All Federal Reserve Banks Millions of dollars Eliminations Change since from Wednesday Wednesday Wednesday Assets, liabilities, and capital consolidation Jan 13, 2010 Jan 6, 2010 Jan 14, 2009 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 5,200 0 + 3,000 Coin 2,098 + 34 + 354 Securities, repurchase agreements, term auction credit, and other loans 2,067,699 + 56,750 + 995,850 Securities held outright (1) 1,906,022 + 60,811 +1,400,716 U.S. Treasury securities 776,603 + 8 + 301,088 Bills (2) 18,423 0 0 Notes and bonds, nominal (2) 707,649 0 + 297,158 Notes and bonds, inflation-indexed (2) 44,643 0 + 3,572 Inflation compensation (3) 5,889 + 8 + 360 Federal agency debt securities (2) 160,829 + 950 + 136,671 Mortgage-backed securities (4) 968,590 + 59,853 + 962,956 Repurchase agreements (5) 0 0 - 40,000 Term auction credit 75,918 0 - 295,379 Other loans 85,760 - 4,061 - 69,485 Net portfolio holdings of Commercial Paper Funding Facility LLC (6) 14,092 + 16 - 320,613 Net portfolio holdings of Maiden Lane LLC (7) 26,742 + 6 - 380 Net portfolio holdings of Maiden Lane II LLC (8) 15,404 - 258 - 4,396 Net portfolio holdings of Maiden Lane III LLC (9) 22,401 - 356 - 4,541 Net portfolio holdings of TALF LLC (10) 298 0 + 298 Preferred interests in AIA Aurora LLC and ALICO Holdings LLC (11) 25,106 0 + 25,106 Items in process of collection (389) 328 - 394 - 944 Bank premises 2,242 + 2 + 59 Central bank liquidity swaps (12) 5,895 - 4,377 - 504,619 Other assets (13) 96,400 + 5,020 + 54,583 Total assets (389) 2,294,942 + 56,443 + 243,757 Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table. 10. Consolidated Statement of Condition of All Federal Reserve Banks (continued) Millions of dollars Eliminations Change since from Wednesday Wednesday Wednesday Assets, liabilities, and capital consolidation Jan 13, 2010 Jan 6, 2010 Jan 14, 2009 Liabilities Federal Reserve notes, net of F.R. Bank holdings 879,220 - 5,229 + 35,148 Reverse repurchase agreements (14) 64,366 - 3,206 - 14,470 Deposits (0) 1,276,233 + 57,569 + 200,255 Depository institutions 1,135,245 + 110,747 + 307,736 U.S. Treasury, general account 124,175 - 42,380 + 93,002 U.S. Treasury, supplementary financing account 5,001 0 - 194,685 Foreign official 2,884 - 265 + 2,673 Other (0) 8,927 - 10,534 - 8,472 Deferred availability cash items (389) 2,879 - 854 + 21 Other liabilities and accrued dividends (15) 19,920 + 7,987 + 12,879 Total liabilities (389) 2,242,618 + 56,267 + 233,833 Capital accounts Capital paid in 25,652 + 1 + 4,570 Surplus 25,296 + 130 + 4,385 Other capital accounts 1,375 + 45 + 969 Total capital 52,324 + 176 + 9,924 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 11. 7. Refer to table 4 and the note on consolidation accompanying table 11. 8. Refer to table 5 and the note on consolidation accompanying table 11. 9. Refer to table 6 and the note on consolidation accompanying table 11. 10. Refer to table 8 and the note on consolidation accompanying table 11. 11. Refer to table 9. 12. 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. 13. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates, and accrued dividends on the Federal Reserve Bank of New York's preferred interests in AIA Aurora LLC and ALICO Holdings LLC. 14. Cash value of agreements, which are collateralized by U.S. Treasury securities and federal agency debt securities. 15. Includes the liabilities of Commercial Paper Funding Facility LLC, Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF 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 11. 11. Statement of Condition of Each Federal Reserve Bank, January 13, 2010 Millions of dollars Kansas San Assets, liabilities, and capital Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas Francisco Assets Gold certificate account 11,037 412 3,895 450 467 882 1,356 911 329 197 335 621 1,182 Special drawing rights certificate acct. 5,200 196 1,818 210 237 412 654 424 150 90 153 282 574 Coin 2,098 65 81 169 158 299 219 309 34 64 143 221 336 Securities, repurchase agreements, term auction credit, and other loans 2,067,699 40,727 887,982 31,333 76,055 69,771 230,106 208,538 75,273 31,779 86,978 92,563 236,595 Securities held outright (1) 1,906,022 36,563 745,017 29,570 75,303 68,687 229,649 206,252 74,671 31,555 86,036 92,159 230,559 U.S. Treasury securities 776,603 14,898 303,555 12,048 30,682 27,986 93,570 84,037 30,424 12,857 35,055 37,550 93,940 Bills (2) 18,423 353 7,201 286 728 664 2,220 1,994 722 305 832 891 2,228 Notes and bonds (3) 758,180 14,544 296,354 11,762 29,954 27,323 91,350 82,043 29,703 12,552 34,224 36,659 91,712 Federal agency debt securities (2) 160,829 3,085 62,864 2,495 6,354 5,796 19,378 17,403 6,301 2,663 7,260 7,776 19,454 Mortgage-backed securities (4) 968,590 18,581 378,598 15,027 38,267 34,905 116,702 104,812 37,946 16,035 43,721 46,833 117,164 Repurchase agreements (5) 0 0 0 0 0 0 0 0 0 0 0 0 0 Term auction credit 75,918 4,052 58,254 1,613 751 995 363 1,934 593 214 941 390 5,818 Other loans 85,760 111 84,712 149 0 89 94 352 9 11 1 15 218 Net portfolio holdings of Commercial Paper Funding Facility LLC (6) 14,092 0 14,092 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of Maiden Lane LLC (7) 26,742 0 26,742 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of Maiden Lane II LLC (8) 15,404 0 15,404 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of Maiden Lane III LLC (9) 22,401 0 22,401 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of TALF LLC (10) 298 0 298 0 0 0 0 0 0 0 0 0 0 Preferred interests in AIA Aurora LLC and ALICO Holdings LLC (11) 25,106 0 25,106 0 0 0 0 0 0 0 0 0 0 Items in process of collection 717 16 0 92 213 7 116 15 26 44 32 101 53 Bank premises 2,242 121 262 71 144 238 221 205 135 111 268 253 213 Central bank liquidity swaps (12) 5,895 236 1,568 648 434 1,673 451 197 59 91 58 76 405 Other assets (13) 96,400 2,418 34,412 3,952 4,684 9,995 10,444 8,427 3,027 1,588 3,431 3,749 10,274 Interdistrict settlement account 0 + 3,967 + 146,268 + 38,327 - 25,512 + 187,884 - 90,073 - 99,095 - 36,526 - 10,277 - 40,986 - 28,155 - 45,822 Total assets 2,295,331 48,157 1,180,330 75,251 56,880 271,160 153,495 119,929 42,507 23,688 50,412 69,712 203,810 Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table. 11. Statement of Condition of Each Federal Reserve Bank, January 13, 2010 (continued) Millions of dollars Kansas San Assets, liabilities, and capital Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas Francisco Liabilities Federal Reserve notes outstanding 1,081,853 35,771 397,959 38,483 44,800 82,488 136,490 85,504 32,839 19,339 28,850 62,861 116,468 Less: Notes held by F.R. Banks 202,633 4,349 73,045 5,838 8,176 11,007 33,735 13,036 4,481 2,796 3,577 14,189 28,406 Federal Reserve notes, net 879,220 31,422 324,914 32,645 36,624 71,481 102,756 72,468 28,358 16,544 25,273 48,672 88,063 Reverse repurchase agreements (14) 64,366 1,235 25,159 999 2,543 2,320 7,755 6,965 2,522 1,066 2,905 3,112 7,786 Deposits 1,276,233 13,206 803,363 35,640 12,338 182,414 37,736 37,511 10,465 4,036 21,003 16,178 102,343 Depository institutions 1,135,245 13,188 662,611 35,634 12,334 182,257 37,733 37,478 10,462 4,035 21,001 16,176 102,337 U.S. Treasury, general account 124,175 0 124,175 0 0 0 0 0 0 0 0 0 0 U.S. Treasury, supplementary financing account 5,001 0 5,001 0 0 0 0 0 0 0 0 0 0 Foreign official 2,884 2 2,855 4 3 11 3 1 0 1 0 1 3 Other 8,927 17 8,721 2 1 145 0 32 3 0 1 2 3 Deferred availability cash items 3,269 63 0 283 893 80 324 195 74 332 169 311 545 Other liabilities and accrued dividends (15) 19,920 309 11,411 290 573 732 1,592 1,405 554 264 584 670 1,536 Total liabilities 2,243,008 46,235 1,164,847 69,857 52,971 257,027 150,163 118,544 41,973 22,241 49,934 68,943 200,273 Capital Capital paid in 25,652 944 7,442 2,802 1,921 7,140 1,581 619 240 712 210 353 1,687 Surplus 25,296 944 7,454 2,592 1,910 6,993 1,581 619 240 712 210 353 1,687 Other capital 1,375 33 587 0 77 0 170 147 53 23 59 63 162 Total liabilities and capital 2,295,331 48,157 1,180,330 75,251 56,880 271,160 153,495 119,929 42,507 23,688 50,412 69,712 203,810 Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table. 11. Statement of Condition of Each Federal Reserve Bank, January 13, 2010 (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 4 and the note on consolidation below. 8. Refer to table 5 and the note on consolidation below. 9. Refer to table 6 and the note on consolidation below. 10. Refer to table 8 and the note on consolidation below. 11. Refer to table 9. 12. 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. 13. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates, and accrued dividends on the Federal Reserve Bank of New York's preferred interests in AIA Aurora LLC and ALICO Holdings LLC. 14. Cash value of agreements, which are collateralized by U.S. Treasury securities and federal agency debt securities. 15. Includes the liabilities of Commercial Paper Funding Facility LLC, Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF 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 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. On November 25, 2008, the Federal Reserve Board authorized the FRBNY to extend credit to TALF LLC, which was formed to purchase and manage any asset-backed securities received by the FRBNY in connection with the decision of a borrower not to repay a loan extended under the Term Asset-Backed Securities Loan Facility. The FRBNY is the sole beneficiary of Commercial Paper Funding Facility LLC. The FRBNY is the primary beneficiary of TALF LLC, because of the two beneficiaries of the LLC, the FRBNY and the U.S. Treasury, the FRBNY is primarily responsible for directing the financial activities of TALF LLC. The FRBNY is the primary beneficiary of the other LLCs cited above because it will receive a majority of any residual returns of the LLCs and absorb a majority of any residual losses of the LLCs. 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 10), 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 10). 12. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts Millions of dollars Federal Reserve notes and collateral Wednesday Jan 13, 2010 Federal Reserve notes outstanding 1,081,853 Less: Notes held by F.R. Banks not subject to collateralization 202,633 Federal Reserve notes to be collateralized 879,220 Collateral held against Federal Reserve notes 879,220 Gold certificate account 11,037 Special drawing rights certificate account 5,200 U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 862,983 Other assets pledged 0 Memo: Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 1,906,022 Less: Face value of securities under reverse repurchase agreements 63,918 U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 1,842,103 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.