FEDERAL RESERVE statistical release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks June 25, 2009 1. Factors Affecting Reserve Balances of Depository Institutions Millions of dollars Reserve Bank credit, related items, and Averages of daily figures reserve balances of depository institutions at Week ended Change from week ended Wednesday Federal Reserve Banks Jun 24, 2009 Jun 17, 2009 Jun 25, 2008 Jun 24, 2009 Reserve Bank credit 1,996,597 - 58,524 +1,122,120 2,009,732 Securities held outright 1,207,055 + 30,765 + 728,282 1,217,044 U.S. Treasury securities (1) 647,828 + 14,699 + 169,055 653,193 Bills (2) 18,423 0 - 3,317 18,423 Notes and bonds, nominal (2) 581,608 + 14,671 + 169,216 586,963 Notes and bonds, inflation-indexed (2) 42,803 0 + 3,632 42,803 Inflation compensation (3) 4,994 + 28 - 476 5,004 Federal agency debt securities (2) 92,113 + 4,289 + 92,113 96,626 Mortgage-backed securities (4) 467,114 + 11,777 + 467,114 467,226 Repurchase agreements (5) 0 0 - 121,679 0 Term auction credit 282,808 - 53,758 + 132,808 282,808 Other loans 123,703 - 35 + 102,829 132,659 Primary credit 39,095 + 2,913 + 24,393 49,196 Secondary credit 84 + 84 + 84 20 Seasonal credit 39 + 17 - 38 50 Primary dealer and other broker-dealer credit (6) 0 0 - 6,095 0 Asset-Backed Commercial Paper Money Market Mutual Fund Liquidity Facility 16,692 - 2,718 + 16,692 15,476 Credit extended to American International Group, Inc. (7) 42,596 - 308 + 42,596 42,741 Term Asset-Backed Securities Loan Facility 25,197 - 22 + 25,197 25,176 Other credit extensions 0 0 0 0 Net portfolio holdings of Commercial Paper Funding Facility LLC (8) 128,073 - 7,930 + 128,073 124,032 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) 25,876 - 5 + 25,876 25,885 Net portfolio holdings of Maiden Lane II LLC (11) 15,955 + 12 + 15,955 15,961 Net portfolio holdings of Maiden Lane III LLC (12) 20,144 + 115 + 20,144 20,159 Float -1,768 + 367 - 621 -2,078 Central bank liquidity swaps (13) 121,590 - 28,692 + 59,590 119,430 Other Federal Reserve assets (14) 73,161 + 636 + 30,863 73,833 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding (15) 42,417 + 14 + 3,708 42,417 Total factors supplying reserve funds 2,052,255 - 58,510 +1,125,829 2,065,390 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 Jun 24, 2009 Jun 17, 2009 Jun 25, 2008 Jun 24, 2009 Currency in circulation (15) 906,600 - 716 + 83,791 907,596 Reverse repurchase agreements (16) 71,813 + 2,722 + 31,439 71,941 Foreign official and international accounts 71,813 + 2,722 + 31,439 71,941 Dealers 0 0 0 0 Treasury cash holdings 314 + 9 + 38 318 Deposits with F.R. Banks, other than reserve balances 326,448 + 64,200 + 313,938 290,287 U.S. Treasury, general account 118,671 + 76,414 + 113,601 78,847 U.S. Treasury, supplementary financing account 199,939 0 + 199,939 199,939 Foreign official 2,465 - 679 + 2,365 2,212 Service-related 4,193 - 24 - 2,862 4,193 Required clearing balances 4,193 - 24 - 2,862 4,193 Adjustments to compensate for float 0 0 0 0 Other 1,180 - 11,512 + 895 5,096 Other liabilities and capital (17) 54,453 + 265 + 10,126 54,290 Total factors, other than reserve balances, absorbing reserve funds 1,359,626 + 66,477 + 439,330 1,324,433 Reserve balances with Federal Reserve Banks 692,628 - 124,988 + 686,498 740,957 Note: Components may not sum to totals because of rounding. 1. Includes securities lent to dealers under the overnight and term securities lending facilities; refer to table 1A. 2. Face value of the securities. 3. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed securities. 4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the underlying mortgages. 5. Cash value of agreements. 6. Includes credit extended through the Primary Dealer Credit Facility and credit extended to certain other broker-dealers. 7. Excludes credit extended to consolidated LLCs. 8. Refer to table 7 and the note on consolidation accompanying table 10. 9. Refer to table 8 and the note on consolidation accompanying table 10. 10. Refer to table 4 and the note on consolidation accompanying table 10. 11. Refer to table 5 and the note on consolidation accompanying table 10. 12. Refer to table 6 and the note on consolidation accompanying table 10. 13. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the foreign central bank. 14. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates. 15. Estimated. 16. Cash value of agreements, which are collateralized by U.S. Treasury securities. 17. Includes the liabilities of Commercial Paper Funding Facility LLC, the LLCs funded through the Money Market Investor Funding Facility, Maiden Lane LLC, Maiden Lane II LLC, and Maiden Lane III LLC to entities other than the Federal Reserve Bank of New York, including liabilities that have recourse only to the portfolio holdings of these LLCs. Refer to table 4 through table 8 and the note on consolidation accompanying table 10. Sources: Federal Reserve Banks and the U.S. Department of the Treasury. 1A. Memorandum Items Millions of dollars Averages of daily figures Memorandum item Week ended Change from week ended Wednesday Jun 24, 2009 Jun 17, 2009 Jun 25, 2008 Jun 24, 2009 Marketable securities held in custody for foreign official and international accounts (1) 2,764,033 + 12,323 + 441,658 2,753,887 U.S. Treasury securities 1,956,646 + 15,172 + 603,212 1,947,536 Federal agency securities (2) 807,387 - 2,849 - 161,554 806,351 Securities lent to dealers 22,723 - 3,632 - 89,349 20,424 Overnight facility (3) 14,687 + 4,082 + 9,075 13,674 Term facility (4) 8,036 - 7,714 - 98,424 6,750 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, June 24, 2009 Millions of dollars Remaining maturity Within 15 16 days to 91 days to Over 1 year Over 5 years Over 10 All days 90 days 1 year to 5 years to 10 years years Term auction credit 95,438 187,370 --- --- --- --- 282,808 Other loans (1) 45,612 19,051 79 67,917 0 --- 132,659 U.S. Treasury securities (2) Holdings 15,158 25,412 61,206 262,703 166,750 121,964 653,193 Weekly changes - 2,503 + 2,504 + 2 + 1,086 + 13,425 + 12 + 14,525 Federal agency debt securities (3) Holdings 0 946 6,518 68,200 20,146 816 96,626 Weekly changes 0 0 + 592 + 5,949 + 320 0 + 6,861 Mortgage-backed securities (4) Holdings 0 0 0 0 0 467,226 467,226 Weekly changes 0 0 0 0 0 + 11,262 + 11,262 Commercial paper held by Commercial Paper Funding Facility LLC (5) 12,524 108,079 0 --- --- --- 120,603 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) 60,282 59,148 0 0 0 0 119,430 Reverse repurchase agreements (7) 71,941 0 --- --- --- --- 71,941 Note: Components may not sum to totals because of rounding. --- Not applicable. 1. Excludes the loans from the Federal Reserve Bank of New York (FRBNY) to Commercial Paper Funding Facility LLC, the LLCs funded through the Money Market Investor Funding Facility, Maiden Lane LLC, Maiden Lane II LLC, and Maiden Lane III LLC. The loans were eliminated when preparing the FRBNY's statement of condition consistent with consolidation under generally accepted accounting principles. 2. Face value. For inflation-indexed securities, includes the original face value and compensation that adjusts for the effect of inflation on the original face value of such securities. 3. Face value. 4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the underlying mortgages. 5. Face value of commercial paper held by Commercial Paper Funding Facility LLC. 6. Face value of money market instruments held by LLCs funded through the Money Market Investor Funding Facility. 7. Cash value of agreements. 8. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the foreign central bank. 3. Supplemental Information on Mortgage-Backed Securities Purchase Program Millions of dollars Wednesday Account name Jun 24, 2009 Mortgage-backed securities held outright (1) 467,226 Commitments to buy mortgage-backed securities (2) 158,186 Commitments to sell mortgage-backed securities (2) 41,894 Cash and cash equivalents (3) 113 1. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the underlying mortgages. 2. Current face value. Generally settle within 180 days and include commitments associated with outright transactions as well as dollar rolls. 3. This amount is included in other Federal Reserve assets in table 1 and in other assets in table 9 and table 10. 4. Information on Principal Accounts of Maiden Lane LLC Millions of dollars Wednesday Account name Jun 24, 2009 Net portfolio holdings of Maiden Lane LLC (1) 25,885 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) 337 Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3) 1,216 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 Wednesday Account name Jun 24, 2009 Net portfolio holdings of Maiden Lane II LLC (1) 15,961 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 17,553 Accrued interest payable to the Federal Reserve Bank of New York (2) 156 Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc. (3) 1,019 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 Wednesday Account name Jun 24, 2009 Net portfolio holdings of Maiden Lane III LLC (1) 20,159 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 22,400 Accrued interest payable to the Federal Reserve Bank of New York (2) 210 Outstanding principal amount and accrued interest on loan payable to American International Group, Inc. (3) 5,106 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 Wednesday Account name Jun 24, 2009 Commercial paper holdings, net (1) 120,139 Other investments, net 3,892 Net portfolio holdings of Commercial Paper Funding Facility LLC 124,032 Memorandum: Commercial paper holdings, face value 120,603 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 119,859 Accrued interest payable to the Federal Reserve Bank of New York (2) 45 1. Book value, which includes amortized cost and related fees. 2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 10. Note: On October 27, 2008, the Federal Reserve Bank of New York began extending loans under the authority of section 13(3) of the Federal Reserve Act to Commercial Paper Funding Facility LLC. This LLC is a limited liability company formed to purchase three-month U.S. dollar-denominated commercial paper from eligible issuers and thereby foster liquidity in short-term funding markets and increase the availability of credit for businesses and households. 8. Information on Principal Accounts of LLCs Funded through the Money Market Investor Funding Facility Millions of dollars Wednesday Account name Jun 24, 2009 Money market instrument holdings, net (1) 0 Other investments, net 0 Net portfolio holdings of LLCs funded through the Money Market Investor Funding Facility 0 Memorandum: Money market instrument holdings, face value 0 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 0 Accrued interest payable to the Federal Reserve Bank of New York (2) 0 Commercial paper issued by LLCs funded through the Money Market Investor Funding Facility, net of related discounts 0 1. Book value, which includes amortized cost. 2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 10. Note: The Federal Reserve Board authorized the Federal Reserve Bank of New York to extend credit under the authority of section 13(3) of the Federal Reserve Act to a series of limited liability companies funded through the Money Market Investor Funding Facility (MMIFF). The MMIFF became operational on November 24, 2008. These limited liability companies were established to purchase short-term U.S. dollar-denominated certificates of deposit, bank notes, and outstanding asset-backed commercial paper from eligible issuers. Such purchases are designed to foster liquidity in short-term money markets. 9. Consolidated Statement of Condition of All Federal Reserve Banks Millions of dollars Eliminations Change since from Wednesday Wednesday Wednesday Assets, liabilities, and capital consolidation Jun 24, 2009 Jun 17, 2009 Jun 25, 2008 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 2,200 0 0 Coin 1,779 - 2 + 446 Securities, repurchase agreements, term auction credit, and other loans 1,632,511 - 11,423 + 858,562 Securities held outright 1,217,044 + 32,647 + 738,248 U.S. Treasury securities (1) 653,193 + 14,525 + 174,397 Bills (2) 18,423 0 - 3,317 Notes and bonds, nominal (2) 586,963 + 14,497 + 174,571 Notes and bonds, inflation-indexed (2) 42,803 0 + 3,632 Inflation compensation (3) 5,004 + 28 - 490 Federal agency debt securities (2) 96,626 + 6,861 + 96,626 Mortgage-backed securities (4) 467,226 + 11,262 + 467,226 Repurchase agreements (5) 0 0 - 129,750 Term auction credit 282,808 - 53,758 + 132,808 Other loans 132,659 + 9,687 + 117,257 Net portfolio holdings of Commercial Paper Funding Facility LLC (6) 124,032 - 8,050 + 124,032 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) 25,885 + 10 + 25,885 Net portfolio holdings of Maiden Lane II LLC (9) 15,961 + 7 + 15,961 Net portfolio holdings of Maiden Lane III LLC (10) 20,159 + 17 + 20,159 Items in process of collection (257) 479 - 240 - 734 Bank premises 2,202 + 2 + 48 Central bank liquidity swaps (11) 119,430 - 29,133 + 57,430 Other assets (12) 71,653 + 1,901 + 31,402 Total assets (257) 2,027,327 - 46,912 +1,133,190 Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table. 9. Consolidated Statement of Condition of All Federal Reserve Banks (continued) Millions of dollars Eliminations Change since from Wednesday Wednesday Wednesday Assets, liabilities, and capital consolidation Jun 24, 2009 Jun 17, 2009 Jun 25, 2008 Liabilities Federal Reserve notes, net of F.R. Bank holdings 867,273 - 248 + 79,310 Reverse repurchase agreements (13) 71,941 + 1,775 + 29,892 Deposits (0) 1,031,267 - 48,613 +1,013,880 Depository institutions 745,173 + 1,221 + 732,340 U.S. Treasury, general account 78,847 - 53,990 + 74,639 U.S. Treasury, supplementary financing account 199,939 0 + 199,939 Foreign official 2,212 - 646 + 2,112 Other (0) 5,096 + 4,802 + 4,850 Deferred availability cash items (257) 2,557 - 306 - 71 Other liabilities and accrued dividends (14) 6,395 - 85 + 2,673 Total liabilities (257) 1,979,431 - 47,479 +1,125,681 Capital accounts Capital paid in 24,248 + 1 + 4,371 Surplus 21,256 + 86 + 2,770 Other capital accounts 2,392 + 479 + 368 Total capital 47,896 + 566 + 7,509 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, June 24, 2009 Millions of dollars Kansas San Assets, liabilities, and capital Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas Francisco Assets Gold certificate account 11,037 412 3,895 450 467 882 1,356 911 329 197 335 621 1,182 Special drawing rights certificate acct. 2,200 115 874 83 104 147 166 212 71 30 66 98 234 Coin 1,779 61 72 148 140 234 211 219 39 60 129 180 286 Securities, repurchase agreements, term auction credit, and other loans 1,632,511 50,343 779,936 38,030 54,910 64,332 152,746 137,003 51,041 20,773 57,005 62,023 164,369 Securities held outright 1,217,044 23,347 475,713 18,881 48,083 43,859 146,637 131,697 47,679 20,149 54,936 58,846 147,218 U.S. Treasury securities (1) 653,193 12,530 255,317 10,134 25,806 23,539 78,701 70,682 25,590 10,814 29,485 31,583 79,012 Bills (2) 18,423 353 7,201 286 728 664 2,220 1,994 722 305 832 891 2,228 Notes and bonds (3) 634,770 12,177 248,116 9,848 25,079 22,875 76,481 68,689 24,868 10,509 28,653 30,692 76,784 Federal agency debt securities (2) 96,626 1,854 37,769 1,499 3,818 3,482 11,642 10,456 3,785 1,600 4,362 4,672 11,688 Mortgage-backed securities (4) 467,226 8,963 182,627 7,249 18,459 16,837 56,294 50,559 18,304 7,735 21,090 22,591 56,517 Repurchase agreements (5) 0 0 0 0 0 0 0 0 0 0 0 0 0 Term auction credit 282,808 11,340 191,878 18,878 6,683 19,550 5,935 3,725 3,241 398 2,053 3,106 16,021 Other loans 132,659 15,657 112,345 271 144 923 174 1,580 121 226 16 71 1,131 Net portfolio holdings of Commercial Paper Funding Facility LLC (6) 124,032 0 124,032 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) 25,885 0 25,885 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of Maiden Lane II LLC (9) 15,961 0 15,961 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of Maiden Lane III LLC (10) 20,159 0 20,159 0 0 0 0 0 0 0 0 0 0 Items in process of collection 736 32 0 123 81 41 134 69 49 50 62 50 44 Bank premises 2,202 122 220 67 147 237 223 207 135 112 271 248 214 Central bank liquidity swaps (11) 119,430 4,897 29,705 13,429 9,003 34,688 9,349 4,080 1,216 1,882 1,206 1,572 8,404 Other assets (12) 71,653 1,925 25,036 3,578 3,650 8,847 7,444 5,773 2,058 1,169 2,333 2,570 7,269 Interdistrict settlement account 0 + 11,015 - 17,129 - 1,038 + 2,935 + 110,122 - 26,113 - 37,847 - 20,260 - 1,865 - 15,739 - 4,683 + 602 Total assets 2,027,584 68,923 1,008,643 54,871 71,437 219,531 145,514 110,628 34,679 22,408 45,669 62,679 182,603 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, June 24, 2009 (continued) Millions of dollars Kansas San Assets, liabilities, and capital Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas Francisco Liabilities Federal Reserve notes outstanding 1,053,037 36,194 378,928 39,906 45,004 81,861 132,909 86,891 31,032 19,873 28,521 62,401 109,516 Less: Notes held by F.R. Banks 185,764 4,916 57,728 6,311 8,398 12,553 27,827 13,170 4,172 3,004 3,378 19,338 24,970 Federal Reserve notes, net 867,273 31,278 321,200 33,595 36,606 69,309 105,082 73,721 26,860 16,869 25,143 43,064 84,547 Reverse repurchase agreements (13) 71,941 1,380 28,120 1,116 2,842 2,593 8,668 7,785 2,818 1,191 3,247 3,478 8,702 Deposits 1,031,267 34,168 642,414 14,442 28,101 133,806 27,771 26,810 4,240 2,744 16,477 15,172 85,124 Depository institutions 745,173 34,139 356,445 14,437 28,097 133,736 27,768 26,807 4,232 2,743 16,475 15,171 85,122 U.S. Treasury, general account 78,847 0 78,847 0 0 0 0 0 0 0 0 0 0 U.S. Treasury, supplementary financing account 199,939 0 199,939 0 0 0 0 0 0 0 0 0 0 Foreign official 2,212 2 2,182 4 3 11 3 1 0 1 0 1 3 Other 5,096 27 5,000 0 1 59 0 2 7 0 1 0 0 Deferred availability cash items 2,814 83 0 453 372 106 253 265 79 306 192 175 531 Other liabilities and accrued dividends (14) 6,395 151 3,396 201 226 554 451 367 175 124 152 202 396 Total liabilities 1,979,689 67,060 995,129 49,807 68,147 206,367 142,225 108,947 34,172 21,233 45,212 62,091 179,300 Capital Capital paid in 24,248 920 7,247 2,607 1,620 6,558 1,560 791 238 633 207 273 1,592 Surplus 21,256 844 5,786 2,316 1,552 5,981 1,612 704 210 324 208 271 1,449 Other capital 2,392 98 482 141 118 624 118 187 60 217 42 44 261 Total liabilities and capital 2,027,584 68,923 1,008,643 54,871 71,437 219,531 145,514 110,628 34,679 22,408 45,669 62,679 182,603 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, June 24, 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 Jun 24, 2009 Federal Reserve notes outstanding 1,053,037 Less: Notes held by F.R. Banks not subject to collateralization 185,764 Federal Reserve notes to be collateralized 867,273 Collateral held against Federal Reserve notes 867,273 Gold certificate account 11,037 Special drawing rights certificate account 2,200 U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 854,036 Other assets pledged 0 Memo: Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 1,217,044 Less: Face value of securities under reverse repurchase agreements 71,857 U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 1,145,188 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.