Federal Reserve Statistical Release, H.4.1, Factors Affecting Reserve Balances; title with eagle logo links to Statistical Release home page
Release Date:  January 08, 2009
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FEDERAL RESERVE statistical release
 

H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
January 8, 2009
1. Factors Affecting Reserve Balances of Depository Institutions
Millions of dollars
Reserve Bank credit, related items, and
reserve balances of depository institutions at
Federal Reserve Banks
Averages of daily figures Jan 7, 2009
Wednesday
Jan 7, 2009
Week ended
Change from week ended
Dec 31, 2008 Jan 9, 2008
                                                              
Reserve Bank credit                                       2,177,564    -   68,963    +1,308,385     2,122,397 
  Securities held outright                                  495,383    -      844    -  232,799       494,976 
    U.S. Treasury (1)                                       475,797    -      164    -  252,385       475,718 
      Bills (2)                                              18,423             0    -  196,937        18,423 
      Notes and bonds, nominal (2)                          410,491             0    -   60,493       410,491 
      Notes and bonds, inflation-indexed (2)                 41,071             0    +    4,160        41,071 
      Inflation compensation (3)                              5,811    -      164    +      883         5,732 
    Federal agency (2)                                       19,587    -      679    +   19,587        19,258 
  Repurchase agreements (4)                                  77,143    -    2,857    +   44,107        60,000 
  Term auction credit                                       406,805    -   43,414    +  366,805       384,031 
  Other loans                                               185,801    -    1,969    +  184,284       178,277 
    Primary credit                                           87,935    +    1,385    +   86,423        83,677 
    Secondary credit                                             16    -        2    +       16            10 
    Seasonal credit                                               2    -        2    -        3             0 
    Primary dealer and other broker-dealer credit (5)       35,977   -    2,499   +   35,977       34,326 
    Asset-backed commercial paper money market                
      mutual fund liquidity facility                         22,868    -      929    +   22,868        21,143 
    Credit extended to American International                 
      Group, Inc. (6)                                        39,003    +       79    +   39,003        39,120 
    Other credit extensions                                       0             0             0             0 
  Net portfolio holdings of Commercial Paper                  
    Funding Facility LLC (7)                                334,272    +    1,862    +  334,272       334,409 
  Net portfolio holdings of LLCs funded through               
    the money market investor funding facility (8)                0             0             0             0 
  Net portfolio holdings of Maiden Lane LLC (9)              27,028    +       54    +   27,028        27,061 
  Net portfolio holdings of Maiden Lane II LLC (10)          20,071    +       12    +   20,071        19,794 
  Net portfolio holdings of Maiden Lane III LLC (11)         26,798    -    1,192    +   26,798        26,881 
  Float                                                      -1,462    -      600    -      730        -1,721 
  Other Federal Reserve assets                              605,725    -   20,016    +  538,548       598,689 
Gold stock                                                   11,041             0             0        11,041 
Special drawing rights certificate account                    2,200             0             0         2,200 
Treasury currency outstanding (12)                           38,871    +       14    +      190        38,871 
                                                              
Total factors supplying reserve funds                     2,229,676    -   68,949    +1,308,575     2,174,509 
 

Note: Components may not sum to totals because of rounding. Footnotes appear on the following page.
 

 

1. Factors Affecting Reserve Balances of Depository Institutions, continued
Millions of dollars
Reserve Bank credit, related items, and
reserve balances of depository institutions at
Federal Reserve Banks
Averages of daily figures Wednesday
Jan 7, 2009
Week ended
Jan 7, 2009
Change from week ended
Dec 31, 2008 Jan 9, 2008
                                                              
Currency in circulation (12)                                887,700    -    1,233    +   65,126       884,860 
Reverse repurchase agreements (13)                           88,668    +    4,226    +   49,613        88,913 
  Foreign official and international accounts                88,668    +    4,226    +   49,613        88,913 
  Dealers                                                         0             0             0             0 
Treasury cash holdings                                          260    +       10    -        4           267 
Deposits with F.R. Banks, other than reserve balances       306,200    -   91,626    +  294,062       291,939 
  U.S. Treasury, general account                             66,137    -   48,092    +   60,991        62,686 
  U.S. Treasury, supplementary financing account            229,403    -   34,197    +  229,403       224,416 
  Foreign official                                            1,572    +    1,067    +    1,470           194 
  Service-related                                             4,388    +        2    -    2,258         4,388 
    Required clearing balances                                4,387    +        2    -    2,259         4,387 
    Adjustments to compensate for float                           2    +        2    +        2             2 
  Other                                                       4,700    -   10,406    +    4,457           254 
Other liabilities and capital (14)                           68,668    -   10,646    +   25,790        66,775 
                                                              
Total factors, other than reserve balances,                                                       
   absorbing reserve funds                                1,351,498    -   99,268    +  434,589     1,332,754 
                                                              
Reserve balances with Federal Reserve Banks                 878,178    +   30,319    +  873,986       841,754 
                                                                
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. Cash value of agreements.
5. Includes credit extended through the Primary Dealer Credit Facility and credit extended to certain
other broker-dealers.
6. Excludes credit extended to consolidated LLCs.
7. Refer to table 6 and the note on consolidation accompanying table 9.
8. Refer to table 7 and the note on consolidation accompanying table 9.
9. Refer to table 3 and the note on consolidation accompanying table 9.
10. Refer to table 4 and the note on consolidation accompanying table 9.
11. Refer to table 5 and the note on consolidation accompanying table 9.
12. Estimated.
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 3 through table 7 and the note on consolidation
accompanying table 9.
 

Sources: Federal Reserve Banks and the U.S. Department of the Treasury.
 

 

1A. Memorandum Items
Millions of dollars

Memorandum item
Averages of daily figures Wednesday
Jan 7, 2009
Week ended
Jan 7, 2009
Change from week ended
Dec 31, 2008 Jan 9, 2008
                                                              
Marketable securities held in custody for foreign             
      official and international accounts (1)             2,524,509    +    8,046    +  467,260     2,523,129 
  U.S. Treasury                                           1,710,446    +   11,009    +  478,608     1,707,958 
  Federal agency                                            814,062    -    2,964    -   11,349       815,171 
Securities lent to dealers                                  169,639    -   10,023    +  159,953       162,660 
  Overnight facility (2)                                      8,539    +    2,048    -    1,147         6,810 
  Term facility (3)                                         161,100    -   12,071    +  161,100       155,850 
 

Note: Components may not sum to totals because of rounding.
 

1. Face value of the securities. Includes U.S. Treasury STRIPS and other zero-coupon bonds at face value.
2. Fully collateralized by U.S. Treasury securities.
3. 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 7, 2009
Millions of dollars
Remaining maturity
Within 15
days
16 days to
90 days
91 days to
1 year
Over 1 year
to 5 years
Over 5 years
to 10 years
Over 10
years
All
 
Term auction credit                    75,643      308,389         ---            ---          ---         ---       384,031
Other loans (1)                       116,804       22,352            0        39,120          ---         ---       178,277
U.S. Treasury securities (2)                    
  Holdings                             16,621       23,469       63,330       173,264       97,280     101,753       475,718
  Weekly changes                   -    2,517   +    2,504            0    -       64   -       45  -       81    -      203
Federal agency securities                       
  Holdings                                  0        3,281          976        11,361        3,640           0        19,258
  Weekly changes                   -      450            0            0             0            0           0    -      450
Commercial paper held by                        
  Commercial Paper Funding                      
  Facility LLC (3)                          0      334,511            0           ---          ---         ---       334,511
Money market instruments held by                
  LLCs funded through the money                 
  market investor funding                       
  facility (4)                              0            0            0           ---          ---         ---             0
Repurchase agreements (5)              40,000       20,000          ---           ---          ---         ---        60,000
                                                
Reverse repurchase agreements (5)      88,913            0          ---           ---          ---         ---        88,913
  
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. 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.
3. Face value of commercial paper held by Commercial Paper Funding Facility LLC.
4. Face value of money market instruments held by LLCs funded through the Money Market Investor Funding Facility.
5. Cash value of agreements.
 

 

3. Information on Principal Accounts of Maiden Lane LLC
Millions of dollars
Account name Wednesday
Jan 7, 2009
                                                                                                
Net portfolio holdings of Maiden Lane LLC (1)                                                       27,061    
                                                                                                
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)                                   270    
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3)        1,189    
 
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, 2008. Any assets purchased after this valuation date
are initially recorded at cost until their estimated fair value as of the purchase date becomes available.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement
of condition consistent with consolidation under generally accepted accounting principles. Refer to
the note on consolidation accompanying table 9.
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 8 and table 9.
 

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.
 

 

 

4. Information on Principal Accounts of Maiden Lane II LLC
Millions of dollars
Account name Wednesday
Jan 7, 2009
                                                                                                
Net portfolio holdings of Maiden Lane II LLC (1)                                                     19,794   
                                                                                                
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)            19,169   
Accrued interest payable to the Federal Reserve Bank of New York (2)                                     33   
Deferred payment and accrued interest payable to subsidiaries of American International         
  Group, Inc. (3)                                                                                     1,003   
 

1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if
the transaction were to be conducted in an orderly market on the measurement date. Revalued quarterly.
This table reflects valuations as of December 12, 2008. Any assets purchased after this valuation date
are initially recorded at cost until their estimated fair value as of the purchase date becomes available.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement
of condition consistent with consolidation under generally accepted accounting principles. Refer to the
note on consolidation accompanying table 9.
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 8 and table 9.
 

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.
 

 

5. Information on Principal Accounts of Maiden Lane III LLC
Millions of dollars
Account name Wednesday
Jan 7, 2009
                                                                                                
Net portfolio holdings of Maiden Lane III LLC (1)                                                    26,881   
                                                                                                
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)            24,339   
Accrued interest payable to the Federal Reserve Bank of New York (2)                                     52   
Outstanding principal amount and accrued interest on loan payable to American International     
  Group, Inc. (3)                                                                                     5,026   
 

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 November 25, 2008. Any assets purchased after this valuation date
are initially recorded at cost until their estimated fair value as of the purchase date becomes available.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement
of condition consistent with consolidation under generally accepted accounting principles. Refer to the
note on consolidation accompanying table 9.
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 8 and table 9.
 

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.
 

 

6. Information on Principal Accounts of Commercial Paper Funding Facility LLC
Millions of dollars
Account name Wednesday
Jan 7, 2009
                                                                                                
Commercial paper holdings, net (1)                                                                  333,133   
Other investments, net                                                                                1,276   
Net portfolio holdings of Commercial Paper Funding Facility LLC                                     334,409   
                                                                                                
Memorandum: Commercial paper holdings, face value                                                   334,511   
                                                                                                
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)           332,495   
Accrued interest payable to the Federal Reserve Bank of New York (2)                                    696   
 

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 9.
 

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.
 

 

7. Information on Principal Accounts of LLCs Funded through the Money Market Investor Funding Facility
Millions of dollars
Account name Wednesday
Jan 7, 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 9.
 

Note: On November 24, 2008, 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. 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.
 

 

8. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of dollars
Assets, liabilities, and capital Eliminations
from
consolidation
  Change since
Wednesday
Jan 7, 2009
Wednesday
Dec 31, 2008
Wednesday
Jan 9, 2008
Assets                                                   
Gold certificate account                                         11,037                0                   0
Special drawing rights certificate account                        2,200                0                   0
Coin                                                              1,704       +       16          +      502
Securities, repurchase agreements, term auction          
      credit, and other loans                                 1,117,284       -  102,439          +  317,566
  Securities held outright                                      494,976       -      653          -  233,227
    U.S. Treasury (1)                                           475,718       -      203          -  252,485
      Bills (2)                                                  18,423                0          -  196,937
      Notes and bonds, nominal (2)                              410,491                0          -   60,493
      Notes and bonds, inflation-indexed (2)                     41,071                0          +    4,160
      Inflation compensation (3)                                  5,732       -      204          +      784
    Federal agency (2)                                           19,258       -      450          +   19,258
  Repurchase agreements (4)                                      60,000       -   20,000          +   29,500
  Term auction credit                                           384,031       -   66,188          +  344,031
  Other loans                                                   178,277       -   15,597          +  177,262
Net portfolio holdings of Commercial Paper               
  Funding Facility LLC (5)                                      334,409       +      307          +  334,409
Net portfolio holdings of LLCs funded through            
  the money market investor funding facility (6)                      0                0                   0
Net portfolio holdings of Maiden Lane LLC (7)                    27,061       +       38          +   27,061
Net portfolio holdings of Maiden Lane II LLC (8)                 19,794       -      323          +   19,794
Net portfolio holdings of Maiden Lane III LLC (9)                26,881       +       96          +   26,881
Items in process of collection                       (510)        1,489       +      510          -    1,158
Bank premises                                                     2,182       -       12          +       50
Other assets (10)                                               596,504       -   23,553          +  531,440
                                                         
      Total assets                                   (510)    2,140,543       -  125,361          +1,256,544
                                                         
Liabilities                                              
Federal Reserve notes, net of F.R. Bank holdings                847,956       -    5,212          +   66,153
Reverse repurchase agreements (11)                               88,913       +      561          +   51,140
Deposits                                               (0)    1,133,690       -  114,344          +1,115,129
  Depository institutions                                       846,140       -   13,860          +  833,248
  U.S. Treasury, general account                                 62,686       -   43,437          +   57,323
  U.S. Treasury, supplementary financing account                224,416       -   34,909          +  224,416
  Foreign official                                                  194       -    1,171          +       96
  Other                                                (0)          254       -   20,967          +       45
Deferred availability cash items                     (510)        3,209       +      738          -      175
Other liabilities and accrued dividends (12,13)                  24,445       -    7,283          +   19,391
                                                         
      Total liabilities                              (510)    2,098,213       -  125,540          +1,251,637
                                                         
Capital accounts                                         
Capital paid in                                                  21,077       +        1          +    2,618
Surplus                                                          20,806       -      270          +    2,450
Other capital accounts                                              447       +      447          -      160
                                                         
      Total capital                                              42,330       +      178          +    4,908
 

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. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.
5. Refer to table 6 and the note on consolidation accompanying table 9.
6. Refer to table 7 and the note on consolidation accompanying table 9.
7. Refer to table 3 and the note on consolidation accompanying table 9.
8. Refer to table 4 and the note on consolidation accompanying table 9.
9. Refer to table 5 and the note on consolidation accompanying table 9.
10. Includes assets denominated in foreign currencies and any exchange-translation assets, which are
revalued daily at market exchange rates.
11. Cash value of agreements, which are collateralized by U.S. Treasury securities.
12. Includes any exchange-translation liabilities, which are revalued daily at market exchange rates.
13. 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 3 through table 7 and the note on consolidation accompanying table 9.
 

 

9. Statement of Condition of Each Federal Reserve Bank, January 7, 2009
Millions of dollars
Assets, liabilities, and capital Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas
City
Dallas San
Francisco
Assets                                                             
Gold certificate account                      11,037         424       3,935         453         423         891       1,221         913         344         199         349         636       1,249 
Special drawing rights certificate acct.       2,200         115         874          83         104         147         166         212          71          30          66          98         234 
Coin                                           1,704          56          74         138         138         234         216         197          45          55         116         182         254 
Securities, repurchase agreements, term                            
      auction credit, and other loans      1,117,284      56,307     539,931      58,208      31,262     120,223      69,521      54,385      22,779      16,381      26,766      28,585      92,935 
  Securities held outright                   494,976      20,761     176,109      21,611      18,769      44,884      49,249      43,686      17,105       9,345      18,174      20,532      54,750 
    U.S. Treasury (1)                        475,718      19,953     169,258      20,771      18,039      43,137      47,333      41,987      16,439       8,981      17,467      19,733      52,620 
      Bills (2)                               18,423         773       6,555         804         699       1,671       1,833       1,626         637         348         676         764       2,038 
      Notes and bonds (3)                    457,295      19,181     162,703      19,966      17,340      41,467      45,500      40,361      15,802       8,633      16,791      18,969      50,582 
    Federal agency (2)                        19,258         808       6,852         841         730       1,746       1,916       1,700         665         364         707         799       2,130 
  Repurchase agreements (4)                   60,000       2,517      21,348       2,620       2,275       5,441       5,970       5,296       2,073       1,133       2,203       2,489       6,637 
  Term auction credit                        384,031      11,650     195,898      33,700       9,940      69,403      13,962       3,574       3,148       5,727       2,980       4,685      29,366 
  Other loans                                178,277      21,379     146,576         277         277         496         341       1,829         453         177       3,409         880       2,183 
Net portfolio holdings of Commercial                               
  Paper Funding Facility LLC (5)             334,409           0     334,409           0           0           0           0           0           0           0           0           0           0 
Net portfolio holdings of LLCs funded                              
  through the money market investor                                
  funding facility (6)                             0           0           0           0           0           0           0           0           0           0           0           0           0 
Net portfolio holdings of Maiden Lane                              
  LLC (7)                                     27,061           0      27,061           0           0           0           0           0           0           0           0           0           0 
Net portfolio holdings of Maiden                                   
  Lane II LLC (8)                             19,794           0      19,794           0           0           0           0           0           0           0           0           0           0 
Net portfolio holdings of Maiden                                   
  Lane III LLC (9)                            26,881           0      26,881           0           0           0           0           0           0           0           0           0           0 
Items in process of collection                 1,999          52           0         219         264         106         516         231          15         138          49         163         244 
Bank premises                                  2,182         123         210          64         147         228         225         207         130         112         273         250         212 
Other assets (10)                            596,504      33,823     150,788      57,835      41,254     158,855      46,268      27,063       6,200      11,469       6,679      12,098      44,171 
Interdistrict settlement account                   0   -  17,736   +  62,282   -  60,656   +  15,076   - 109,741   +  22,614   +  35,283   +   7,088   -   9,012   +   4,028   +   7,149   +  43,625 
                                                                   
      Total assets                         2,141,053      73,163   1,166,239      56,344      88,668     170,943     140,748     118,491      36,673      19,371      38,327      49,162   
 

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. 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. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.
5. Refer to table 6 and the note on consolidation on the following page.
6. Refer to table 7 and the note on consolidation on the following page.
7. Refer to table 3 and the note on consolidation on the following page.
8. Refer to table 4 and the note on consolidation on the following page.
9. Refer to table 5 and the note on consolidation on the following page.
10. Includes assets denominated in foreign currencies and any exchange-translation assets, which are revalued daily at market exchange rates.
 

 

9. Statement of Condition of Each Federal Reserve Bank, January 7, 2009 (continued)
Millions of dollars
Assets, liabilities, and capital Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas
City
Dallas San
Francisco
Liabilities                                                         
Federal Reserve notes outstanding           1,023,123      38,475     357,980      41,318      46,562      81,116     128,726      83,637      29,371      17,627      30,062      55,491     112,758 
  Less: Notes held by F.R. Banks              175,167       5,852      46,479       5,178       7,846      12,286      24,972      13,406       3,722       2,937       3,692      21,329      27,469 
    Federal Reserve notes, net                847,956      32,623     311,501      36,141      38,716      68,831     103,754      70,231      25,648      14,690      26,370      34,162      85,289 
Reverse repurchase agreements (11)             88,913       3,729      31,635       3,882       3,372       8,063       8,847       7,847       3,073       1,679       3,265       3,688       9,835 
Deposits                                    1,133,690      34,886     789,414      10,857      42,633      81,556      24,368      38,314       7,329       2,004       8,008      10,303      84,017 
  Depository institutions                     846,140      34,879     502,055      10,852      42,630      81,397      24,365      38,312       7,323       2,003       8,007      10,303      84,014 
  U.S. Treasury, general account               62,686           0      62,686           0           0           0           0           0           0           0           0           0           0 
  U.S. Treasury, supplementary                                      
    financing account                         224,416           0     224,416           0           0           0           0           0           0           0           0           0           0 
  Foreign official                                194           2         164           4           3          11           3           2           0           1           0           1           3 
  Other                                           254           5          93           2           0         149           0           0           5           0           1           0           0 
Deferred availability cash items                3,719          89           0         695         708         268         198         407          54         255         154         294         595 
Other liabilities and accrued                                                 
  dividends (12,13)                            24,445         143      22,135         156         166         391         361         283         146          97         109         171         286 
                                                                    
      Total liabilities                     2,098,723      71,471   1,154,684      51,731      85,596     159,110     137,527     117,083      36,251      18,725      37,906      48,618     180,022 
                                                                    
Capital                                                             
Capital paid in                                21,077         845       5,607       2,315       1,552       5,981       1,612         703         210         324         208         271       1,449 
Surplus                                        20,806         822       5,612       2,299       1,487       5,853       1,600         703         210         322         208         271       1,419 
Other capital                                     447          26         336           0          34           0           9           1           2           0           4           1          34 
                                                                    
      Total liabilities and capital         2,141,053      73,163   1,166,239      56,344      88,668     170,943     140,748     118,491      36,673      19,371      38,327      49,162     182,923 
                              
Note: Components may not sum to totals because of rounding.
 

11. Cash value of agreements, which are collateralized by U.S. Treasury securities.
12. Includes any exchange-translation liabilities, which are revalued daily at market exchange rates.
13. 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 3
through table 7 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 24, 2008, the Federal Reserve Board authorized the FRBNY
to extend credit to a series of LLCs funded through the Money Market Investor Funding Facility, which 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 8), 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 8).
 

 

10. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts
Millions of dollars
Federal Reserve notes and collateral Wednesday
Jan 7, 2009
                                                                                            
Federal Reserve notes outstanding                                                              1,023,123 
  Less: Notes held by F.R. Banks not subject to collateralization                                175,167 
    Federal Reserve notes to be collateralized                                                   847,956 
Collateral held against Federal Reserve notes                                                    847,956 
  Gold certificate account                                                                        11,037 
  Special drawing rights certificate account                                                       2,200 
  U.S. Treasury and agency securities pledged (1)                                                475,259 
  Other assets pledged                                                                           359,460 
                                                                                            
Memo:                                                                                       
Total U.S. Treasury and agency securities (1)                                                    554,976 
  Less: Face value of securities under reverse repurchase agreements                              79,717 
    U.S. Treasury and agency securities eligible to be pledged                                   475,259 
   
Note: Components may not sum to totals because of rounding.
 

1. Includes face value of U.S. Treasury and agency 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.

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