FEDERAL RESERVE statistical release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks January 7, 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 6, 2010 Dec 30, 2009 Jan 7, 2009 Jan 6, 2010 Reserve Bank credit 2,216,366 - 3,570 + 58,419 2,216,446 Securities held outright (1) 1,844,953 - 1,084 +1,349,570 1,845,211 U.S. Treasury securities 776,591 + 8 + 300,794 776,595 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) 5,877 + 8 + 66 5,881 Federal agency debt securities (2) 159,879 0 + 140,292 159,879 Mortgage-backed securities (4) 908,483 - 1,092 + 908,483 908,737 Repurchase agreements (5) 0 0 - 77,143 0 Term auction credit 75,918 0 - 330,887 75,918 Other loans 90,127 + 1,994 - 95,674 89,821 Primary credit 19,453 + 710 - 68,482 19,143 Secondary credit 954 - 2 + 938 931 Seasonal credit 21 - 18 + 19 0 Primary dealer and other broker-dealer credit (6) 0 0 - 35,977 0 Asset-Backed Commercial Paper Money Market Mutual Fund Liquidity Facility 0 0 - 22,868 0 Credit extended to American International Group, Inc., net (7) 22,166 + 1,395 - 16,837 22,215 Term Asset-Backed Securities Loan Facility, net (8) 47,532 - 92 + 47,532 47,533 Other credit extensions 0 0 0 0 Net portfolio holdings of Commercial Paper Funding Facility LLC (9) 14,067 + 6 - 320,205 14,076 Net portfolio holdings of Maiden Lane LLC (10) 26,706 + 109 - 322 26,736 Net portfolio holdings of Maiden Lane II LLC (11) 15,660 + 62 - 4,411 15,662 Net portfolio holdings of Maiden Lane III LLC (12) 22,674 + 23 - 4,124 22,757 Net portfolio holdings of TALF LLC (13) 298 0 + 298 298 Preferred interests in AIA Aurora LLC and ALICO Holdings LLC (14) 25,106 + 106 + 25,106 25,106 Float -2,282 - 460 - 818 -3,012 Central bank liquidity swaps (15) 10,272 0 - 532,819 10,272 Other Federal Reserve assets (16) 92,868 - 4,326 + 49,849 93,601 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 5,200 0 + 3,000 5,200 Treasury currency outstanding (17) 42,733 + 14 + 2,146 42,733 Total factors supplying reserve funds 2,275,340 - 3,556 + 63,565 2,275,419 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 6, 2010 Dec 30, 2009 Jan 7, 2009 Jan 6, 2010 Currency in circulation (17) 927,306 - 2,261 + 37,889 924,869 Reverse repurchase agreements (18) 75,101 + 9,387 - 13,567 67,572 Foreign official and international accounts 75,101 + 9,387 - 13,567 67,572 Dealers 0 0 0 0 Treasury cash holdings 241 + 8 - 19 252 Deposits with F.R. Banks, other than reserve balances 215,111 + 67,931 - 91,093 197,187 U.S. Treasury, general account 178,343 + 59,820 + 112,206 166,555 U.S. Treasury, supplementary financing account 5,001 - 6,427 - 224,402 5,001 Foreign official 2,612 + 272 + 1,040 3,149 Service-related 3,021 - 4 - 1,371 3,021 Required clearing balances 3,021 - 4 - 1,369 3,021 Adjustments to compensate for float 0 0 - 2 0 Other 26,134 + 14,271 + 21,434 19,461 Other liabilities and capital (19) 63,468 - 3,366 + 14,402 64,081 Total factors, other than reserve balances, absorbing reserve funds 1,281,227 + 71,699 - 52,388 1,253,962 Reserve balances with Federal Reserve Banks 994,113 - 75,255 + 115,953 1,021,458 Note: Components may not sum to totals because of rounding. 1. Includes securities lent to dealers under the overnight and term securities lending facilities; refer to table 1A. 2. Face value of the securities. 3. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed securities. 4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the underlying mortgages. 5. Cash value of agreements. 6. Includes credit extended through the Primary Dealer Credit Facility and credit extended to certain other broker-dealers. 7. 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 6, 2010 Dec 30, 2009 Jan 7, 2009 Jan 6, 2010 Marketable securities held in custody for foreign official and international accounts (1) 2,961,643 + 6,349 + 437,134 2,953,229 U.S. Treasury securities 2,195,244 + 8,961 + 484,798 2,187,286 Federal agency securities (2) 766,399 - 2,613 - 47,663 765,943 Securities lent to dealers 17,594 + 8,280 - 152,045 13,267 Overnight facility (3) 17,594 + 8,280 + 9,055 13,267 U.S. Treasury securities 16,626 + 8,077 + 8,087 12,585 Federal agency debt securities 968 + 204 + 968 682 Term facility (4) 0 0 - 161,100 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 6, 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) 15,681 4,392 0 69,748 0 --- 89,821 U.S. Treasury securities (2) Holdings 15,399 25,071 50,772 326,876 213,721 144,756 776,595 Weekly changes - 2,739 + 3,234 + 971 - 2,411 + 950 + 4 + 8 Federal agency debt securities (3) Holdings 68 3,046 21,528 99,402 33,788 2,047 159,879 Weekly changes + 68 - 68 0 0 0 0 0 Mortgage-backed securities (4) Holdings 0 0 0 0 0 908,737 908,737 Weekly changes 0 0 0 0 0 + 480 + 480 Commercial paper held by Commercial Paper Funding Facility LLC (5) 1,000 8,440 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) 10,272 0 0 0 0 0 10,272 Reverse repurchase agreements (7) 67,572 0 --- --- --- --- 67,572 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 6, 2010 Mortgage-backed securities held outright (1) 908,737 Commitments to buy mortgage-backed securities (2) 168,991 Commitments to sell mortgage-backed securities (2) 2,500 Cash and cash equivalents (3) 369 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 6, 2010 Net portfolio holdings of Maiden Lane LLC (1) 26,736 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) 415 Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3) 1,249 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 6, 2010 Net portfolio holdings of Maiden Lane II LLC (1) 15,662 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 15,739 Accrued interest payable to the Federal Reserve Bank of New York (2) 269 Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc. (3) 1,037 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 6, 2010 Net portfolio holdings of Maiden Lane III LLC (1) 22,757 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 18,159 Accrued interest payable to the Federal Reserve Bank of New York (2) 344 Outstanding principal amount and accrued interest on loan payable to American International Group, Inc. (3) 5,196 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 6, 2010 Commercial paper holdings, net (1) 9,263 Other investments, net 4,813 Net portfolio holdings of Commercial Paper Funding Facility LLC 14,076 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 6, 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 6, 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) 21 Preferred interests in AIA Aurora LLC (1) 16,068 Accrued dividends on preferred interests in AIA Aurora LLC (2) 13 Preferred interests in ALICO Holdings LLC (1) 9,038 Accrued dividends on preferred interests in ALICO Holdings LLC (2) 7 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 6, 2010 Dec 30, 2009 Jan 7, 2009 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 5,200 0 + 3,000 Coin 2,064 + 17 + 360 Securities, repurchase agreements, term auction credit, and other loans 2,010,949 + 610 + 893,665 Securities held outright (1) 1,845,211 + 489 +1,350,235 U.S. Treasury securities 776,595 + 8 + 300,877 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) 5,881 + 8 + 149 Federal agency debt securities (2) 159,879 0 + 140,621 Mortgage-backed securities (4) 908,737 + 480 + 908,737 Repurchase agreements (5) 0 0 - 60,000 Term auction credit 75,918 0 - 308,113 Other loans 89,821 + 122 - 88,456 Net portfolio holdings of Commercial Paper Funding Facility LLC (6) 14,076 + 4 - 320,333 Net portfolio holdings of Maiden Lane LLC (7) 26,736 + 69 - 325 Net portfolio holdings of Maiden Lane II LLC (8) 15,662 - 35 - 4,132 Net portfolio holdings of Maiden Lane III LLC (9) 22,757 + 97 - 4,124 Net portfolio holdings of TALF LLC (10) 298 0 + 298 Preferred interests in AIA Aurora LLC and ALICO Holdings LLC (11) 25,106 + 106 + 25,106 Items in process of collection (366) 722 + 445 - 767 Bank premises 2,240 - 9 + 58 Central bank liquidity swaps (12) 10,272 0 - 527,890 Other assets (13) 91,380 - 63 + 50,662 Total assets (366) 2,238,499 + 1,241 + 115,580 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 6, 2010 Dec 30, 2009 Jan 7, 2009 Liabilities Federal Reserve notes, net of F.R. Bank holdings 884,449 - 5,229 + 36,493 Reverse repurchase agreements (14) 67,572 - 2,878 - 21,341 Deposits (0) 1,218,664 + 9,529 + 84,974 Depository institutions 1,024,498 - 773 + 178,358 U.S. Treasury, general account 166,555 + 16,736 + 103,869 U.S. Treasury, supplementary financing account 5,001 0 - 219,415 Foreign official 3,149 + 880 + 2,955 Other (0) 19,461 - 7,313 + 19,207 Deferred availability cash items (366) 3,733 + 1,500 + 524 Other liabilities and accrued dividends (15) 11,933 - 1,709 + 5,112 Total liabilities (366) 2,186,351 + 1,212 + 105,762 Capital accounts Capital paid in 25,651 + 6 + 4,574 Surplus 25,166 + 3,684 + 4,360 Other capital accounts 1,330 - 3,663 + 883 Total capital 52,148 + 29 + 9,818 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 6, 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 2,064 65 77 169 155 294 217 305 33 63 141 216 329 Securities, repurchase agreements, term auction credit, and other loans 2,010,949 39,567 868,076 30,380 73,652 67,788 222,792 201,989 72,896 30,783 84,243 89,609 229,173 Securities held outright (1) 1,845,211 35,397 721,247 28,627 72,901 66,496 222,322 199,672 72,288 30,548 83,291 89,219 223,203 U.S. Treasury securities 776,595 14,897 303,552 12,048 30,682 27,986 93,569 84,036 30,424 12,857 35,055 37,549 93,939 Bills (2) 18,423 353 7,201 286 728 664 2,220 1,994 722 305 832 891 2,228 Notes and bonds (3) 758,172 14,544 296,351 11,762 29,954 27,322 91,349 82,042 29,702 12,552 34,223 36,659 91,711 Federal agency debt securities (2) 159,879 3,067 62,493 2,480 6,317 5,762 19,263 17,301 6,263 2,647 7,217 7,730 19,339 Mortgage-backed securities (4) 908,737 17,432 355,203 14,098 35,902 32,748 109,490 98,335 35,601 15,044 41,020 43,939 109,924 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 89,821 119 88,575 141 0 298 107 383 14 21 11 0 153 Net portfolio holdings of Commercial Paper Funding Facility LLC (6) 14,076 0 14,076 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of Maiden Lane LLC (7) 26,736 0 26,736 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of Maiden Lane II LLC (8) 15,662 0 15,662 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of Maiden Lane III LLC (9) 22,757 0 22,757 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 1,087 34 0 130 321 13 290 50 41 62 33 48 67 Bank premises 2,240 121 262 71 144 238 221 205 135 111 268 253 213 Central bank liquidity swaps (12) 10,272 411 2,733 1,128 756 2,915 785 343 102 158 101 132 706 Other assets (13) 91,380 2,312 32,449 3,871 4,475 9,739 9,854 7,911 2,838 1,502 3,219 3,520 9,689 Interdistrict settlement account 0 + 5,477 + 138,481 + 37,212 - 23,133 + 175,603 - 86,385 - 93,102 - 34,897 - 9,201 - 33,769 - 25,607 - 50,677 Total assets 2,238,865 48,595 1,152,425 73,621 57,074 257,883 149,785 119,037 41,626 23,765 54,723 69,075 191,256 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 6, 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 1,081,371 35,829 398,206 38,561 44,883 82,490 136,158 85,467 31,829 19,363 28,852 63,037 116,695 Less: Notes held by F.R. Banks 196,922 3,925 72,710 5,615 7,811 10,316 33,073 12,454 4,233 2,652 3,148 13,879 27,105 Federal Reserve notes, net 884,449 31,904 325,497 32,946 37,072 72,175 103,085 73,012 27,596 16,710 25,705 49,158 89,590 Reverse repurchase agreements (14) 67,572 1,296 26,412 1,048 2,670 2,435 8,142 7,312 2,647 1,119 3,050 3,267 8,174 Deposits 1,218,664 13,224 776,780 33,745 11,922 168,638 34,235 36,517 10,512 4,035 25,057 15,330 88,670 Depository institutions 1,024,498 13,206 582,746 33,741 11,919 168,577 34,232 36,484 10,510 4,034 25,056 15,330 88,666 U.S. Treasury, general account 166,555 0 166,555 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 3,149 2 3,119 4 3 11 3 1 0 1 0 1 3 Other 19,461 16 19,359 0 0 50 0 32 1 0 1 0 1 Deferred availability cash items 4,099 98 1 364 1,262 133 368 270 96 323 207 262 716 Other liabilities and accrued dividends (15) 11,933 158 8,203 161 262 457 643 559 249 133 232 295 582 Total liabilities 2,186,717 46,679 1,136,893 68,265 53,187 243,837 146,472 117,669 41,099 22,320 54,251 68,313 187,731 Capital Capital paid in 25,651 944 7,441 2,802 1,921 7,140 1,581 619 240 712 210 353 1,687 Surplus 25,166 944 7,448 2,554 1,910 6,906 1,581 619 240 712 210 353 1,687 Other capital 1,330 27 643 0 55 0 151 129 46 20 53 57 150 Total liabilities and capital 2,238,865 48,595 1,152,425 73,621 57,074 257,883 149,785 119,037 41,626 23,765 54,723 69,075 191,256 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 6, 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 6, 2010 Federal Reserve notes outstanding 1,081,371 Less: Notes held by F.R. Banks not subject to collateralization 196,922 Federal Reserve notes to be collateralized 884,449 Collateral held against Federal Reserve notes 884,449 Gold certificate account 11,037 Special drawing rights certificate account 5,200 U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 868,212 Other assets pledged 0 Memo: Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 1,845,211 Less: Face value of securities under reverse repurchase agreements 67,112 U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 1,778,098 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.