FEDERAL RESERVE statistical release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks February 5, 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 Feb 4, 2009 Jan 28, 2009 Feb 6, 2008 Feb 4, 2009 Reserve Bank credit 1,840,746 - 149,128 + 978,935 1,834,459 Securities held outright 511,440 + 2,747 - 201,939 512,274 U.S. Treasury securities (1) 475,034 - 166 - 238,345 474,982 Bills (2) 18,423 0 - 181,937 18,423 Notes and bonds, nominal (2) 412,914 0 - 57,096 412,914 Notes and bonds, inflation-indexed (2) 39,378 0 + 941 39,378 Inflation compensation (3) 4,320 - 166 - 252 4,268 Federal agency debt securities (2) 29,029 + 2,361 + 29,029 29,915 Mortgage-backed securities (4) 7,377 + 553 + 7,377 7,377 Repurchase agreements (5) 0 - 17,143 - 21,679 0 Term auction credit 412,883 - 2,976 + 352,883 412,883 Other loans 153,692 + 3,683 + 153,547 149,030 Primary credit 67,426 + 2,436 + 67,282 66,233 Secondary credit 5 - 29 + 5 17 Seasonal credit 2 + 1 + 1 4 Primary dealer and other broker-dealer credit (6) 30,264 - 1,790 + 30,264 27,199 Asset-backed Commercial Paper Money Market Mutual Fund Liquidity Facility 16,981 + 2,388 + 16,981 16,933 Credit extended to American International Group, Inc. (7) 39,013 + 677 + 39,013 38,644 Other credit extensions 0 0 0 0 Net portfolio holdings of Commercial Paper Funding Facility LLC (8) 259,315 - 56,886 + 259,315 258,664 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) 25,785 - 1,195 + 25,785 25,860 Net portfolio holdings of Maiden Lane II LLC (11) 18,965 - 727 + 18,965 18,968 Net portfolio holdings of Maiden Lane III LLC (12) 27,464 + 427 + 27,464 27,510 Float -1,796 + 221 - 534 -2,471 Central bank liquidity swaps (13) 388,791 - 77,062 + 364,791 387,448 Other Federal Reserve assets (14) 44,209 - 216 + 338 44,294 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding (15) 38,800 + 14 + 120 38,800 Total factors supplying reserve funds 1,892,787 - 149,114 + 979,054 1,886,500 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 Averages of daily figures reserve balances of depository institutions at Week ended Change from week ended Wednesday Federal Reserve Banks Feb 4, 2009 Jan 28, 2009 Feb 6, 2008 Feb 4, 2009 Currency in circulation (15) 885,603 + 1,443 + 74,085 888,913 Reverse repurchase agreements (16) 76,035 + 2,904 + 38,480 74,251 Foreign official and international accounts 76,035 + 2,904 + 38,480 74,251 Dealers 0 0 0 0 Treasury cash holdings 293 + 6 + 7 274 Deposits with F.R. Banks, other than reserve balances 219,861 - 18,582 + 207,039 230,921 U.S. Treasury, general account 41,917 - 13,622 + 36,369 47,708 U.S. Treasury, supplementary financing account 169,962 - 4,878 + 169,962 169,962 Foreign official 163 - 5 + 62 104 Service-related 4,431 + 30 - 2,380 4,431 Required clearing balances 4,431 + 30 - 2,380 4,431 Adjustments to compensate for float 0 0 0 0 Other 3,389 - 106 + 3,027 8,717 Other liabilities and capital (17) 49,107 - 1,322 + 6,568 49,496 Total factors, other than reserve balances, absorbing reserve funds 1,230,900 - 15,550 + 326,180 1,243,855 Reserve balances with Federal Reserve Banks 661,887 - 133,564 + 652,875 642,645 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 6 and the note on consolidation accompanying table 9. 9. Refer to table 7 and the note on consolidation accompanying table 9. 10. Refer to table 3 and the note on consolidation accompanying table 9. 11. Refer to table 4 and the note on consolidation accompanying table 9. 12. Refer to table 5 and the note on consolidation accompanying table 9. 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 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 Averages of daily figures Memorandum item Week ended Change from week ended Wednesday Feb 4, 2009 Jan 28, 2009 Feb 6, 2008 Feb 4, 2009 Marketable securities held in custody for foreign official and international accounts (1) 2,554,655 + 6,385 + 437,049 2,550,750 U.S. Treasury securities 1,734,598 - 2,401 + 467,466 1,738,946 Federal agency securities (2) 820,058 + 8,788 - 30,415 811,803 Securities lent to dealers 126,994 - 5,459 + 115,012 127,433 Overnight facility (3) 6,364 - 995 - 5,618 6,803 Term facility (4) 120,630 - 4,464 + 120,630 120,630 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, February 4, 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 107,647 305,236 --- --- --- --- 412,883 Other loans (1) 91,275 18,807 303 38,644 --- --- 149,030 U.S. Treasury securities (2) Holdings 15,549 21,802 64,789 174,089 97,304 101,448 474,982 Weekly changes - 2,063 + 2,869 - 1,860 + 1,002 - 34 - 62 - 147 Federal agency debt securities (3) Holdings 350 2,288 1,044 20,011 6,222 0 29,915 Weekly changes + 200 - 350 0 + 987 + 713 0 + 1,550 Mortgage-backed securities (4) Holdings 0 0 0 0 0 7,377 7,377 Weekly changes 0 0 0 0 0 0 0 Commercial paper held by Commercial Paper Funding Facility LLC (5) 31,416 226,721 0 --- --- --- 258,137 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) 151,058 236,390 0 0 0 0 387,448 Reverse repurchase agreements (7) 74,251 0 --- --- --- --- 74,251 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 arrangements 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. Information on Principal Accounts of Maiden Lane LLC Millions of dollars Wednesday Account name Feb 4, 2009 Net portfolio holdings of Maiden Lane LLC (1) 25,860 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) 281 Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3) 1,193 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 31, 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 Wednesday Account name Feb 4, 2009 Net portfolio holdings of Maiden Lane II LLC (1) 18,968 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) 54 Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc. (3) 1,006 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 31, 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 Wednesday Account name Feb 4, 2009 Net portfolio holdings of Maiden Lane III LLC (1) 27,510 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) 79 Outstanding principal amount and accrued interest on loan payable to American International Group, Inc. (3) 5,039 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 31, 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 Wednesday Account name Feb 4, 2009 Commercial paper holdings, net (1) 256,464 Other investments, net 2,200 Net portfolio holdings of Commercial Paper Funding Facility LLC 258,664 Memorandum: Commercial paper holdings, face value 258,137 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 256,751 Accrued interest payable to the Federal Reserve Bank of New York (2) 157 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 Wednesday Account name Feb 4, 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: 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. 8. Consolidated Statement of Condition of All Federal Reserve Banks Millions of dollars Eliminations Change since from Wednesday Wednesday Wednesday Assets, liabilities, and capital consolidation Feb 4, 2009 Jan 28, 2009 Feb 6, 2008 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 2,200 0 0 Coin 1,915 + 59 + 527 Securities, repurchase agreements, term auction credit, and other loans 1,074,186 - 7,106 + 284,850 Securities held outright 512,274 + 1,403 - 201,102 U.S. Treasury securities (1) 474,982 - 147 - 238,394 Bills (2) 18,423 0 - 181,937 Notes and bonds, nominal (2) 412,914 0 - 57,096 Notes and bonds, inflation-indexed (2) 39,378 0 + 941 Inflation compensation (3) 4,268 - 147 - 302 Federal agency debt securities (2) 29,915 + 1,550 + 29,915 Mortgage-backed securities (4) 7,377 0 + 7,377 Repurchase agreements (5) 0 0 - 15,500 Term auction credit 412,883 - 2,748 + 352,883 Other loans 149,030 - 5,760 + 148,571 Net portfolio holdings of Commercial Paper Funding Facility LLC (6) 258,664 + 10,573 + 258,664 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) 25,860 + 88 + 25,860 Net portfolio holdings of Maiden Lane II LLC (9) 18,968 + 4 + 18,968 Net portfolio holdings of Maiden Lane III LLC (10) 27,510 + 54 + 27,510 Items in process of collection (376) 899 - 369 - 918 Bank premises 2,180 - 3 + 48 Central bank liquidity swaps (11) 387,448 - 78,224 + 363,448 Other assets (12) 42,034 - 724 + 390 Total assets (376) 1,852,901 - 75,648 + 979,347 Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table. 8. 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 Feb 4, 2009 Jan 28, 2009 Feb 6, 2008 Liabilities Federal Reserve notes, net of F.R. Bank holdings 852,298 + 3,503 + 75,190 Reverse repurchase agreements (13) 74,251 + 2,037 + 37,698 Deposits (0) 873,487 - 81,984 + 858,793 Depository institutions 646,996 - 93,407 + 637,540 U.S. Treasury, general account 47,708 + 8,991 + 42,867 U.S. Treasury, supplementary financing account 169,962 - 4,878 + 169,962 Foreign official 104 - 4 + 6 Other (0) 8,717 + 7,314 + 8,417 Deferred availability cash items (376) 3,370 + 560 - 41 Other liabilities and accrued dividends (14) 8,534 - 16 + 4,144 Total liabilities (376) 1,811,940 - 75,900 + 975,783 Capital accounts Capital paid in 21,694 + 123 + 3,217 Surplus 19,206 + 229 + 749 Other capital accounts 62 - 99 - 402 Total capital 40,962 + 252 + 3,564 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 6 and the note on consolidation accompanying table 9. 7. Refer to table 7 and the note on consolidation accompanying table 9. 8. Refer to table 3 and the note on consolidation accompanying table 9. 9. Refer to table 4 and the note on consolidation accompanying table 9. 10. Refer to table 5 and the note on consolidation accompanying table 9. 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 3 through table 7 and the note on consolidation accompanying table 9. 9. Statement of Condition of Each Federal Reserve Bank, February 4, 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 11,037 424 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 1,915 65 85 154 152 264 247 217 53 63 132 199 284 Securities, repurchase agreements, term auction credit, and other loans 1,074,186 53,523 515,283 61,365 27,867 112,518 67,278 53,665 22,962 15,706 21,706 28,875 93,439 Securities held outright 512,274 21,487 182,264 22,367 19,425 46,452 50,970 45,213 17,702 9,671 18,810 21,250 56,663 U.S. Treasury securities (1) 474,982 19,923 168,996 20,738 18,011 43,071 47,260 41,922 16,414 8,967 17,440 19,703 52,538 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) 456,559 19,150 162,441 19,934 17,313 41,400 45,427 40,296 15,777 8,619 16,764 18,939 50,500 Federal agency debt securities (2) 29,915 1,255 10,644 1,306 1,134 2,713 2,976 2,640 1,034 565 1,098 1,241 3,309 Mortgage-backed securities (4) 7,377 309 2,625 322 280 669 734 651 255 139 271 306 816 Repurchase agreements (5) 0 0 0 0 0 0 0 0 0 0 0 0 0 Term auction credit 412,883 14,805 208,557 38,805 8,406 65,321 15,946 6,319 4,830 5,697 2,870 6,533 34,794 Other loans 149,030 17,231 124,462 193 35 745 363 2,133 429 338 26 1,092 1,982 Net portfolio holdings of Commercial Paper Funding Facility LLC (6) 258,664 0 258,664 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) 25,860 0 25,860 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of Maiden Lane II LLC (9) 18,968 0 18,968 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of Maiden Lane III LLC (10) 27,510 0 27,510 0 0 0 0 0 0 0 0 0 0 Items in process of collection 1,275 66 0 258 142 44 259 81 15 78 47 123 163 Bank premises 2,180 123 209 65 147 229 224 206 131 112 273 249 212 Central bank liquidity swaps (11) 387,448 15,388 105,510 42,196 28,289 108,998 29,375 12,822 3,822 5,912 3,790 4,939 26,406 Other assets (12) 42,034 1,785 12,748 3,476 2,468 8,603 3,600 2,288 856 718 884 1,051 3,558 Interdistrict settlement account 0 - 15,693 - 6,569 - 53,590 + 28,519 - 95,123 + 37,535 + 30,379 + 7,546 - 3,665 + 13,174 + 15,368 + 42,120 Total assets 1,853,278 55,796 963,077 54,459 88,111 136,571 139,906 100,783 35,799 19,152 40,420 51,538 167,665 Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table. 9. Statement of Condition of Each Federal Reserve Bank, February 4, 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 1,032,381 37,940 360,850 41,086 46,156 80,485 133,121 83,620 29,132 17,481 29,661 60,818 112,032 Less: Notes held by F.R. Banks 180,083 6,059 47,155 5,741 7,677 12,694 28,015 14,132 3,535 3,172 3,691 20,084 28,128 Federal Reserve notes, net 852,298 31,881 313,694 35,345 38,479 67,791 105,106 69,488 25,597 14,309 25,970 40,734 83,904 Reverse repurchase agreements (13) 74,251 3,114 26,418 3,242 2,816 6,733 7,388 6,553 2,566 1,402 2,726 3,080 8,213 Deposits 873,487 18,762 606,916 10,422 43,042 49,497 23,528 22,537 6,987 2,413 11,005 6,656 71,721 Depository institutions 646,996 18,752 380,586 10,418 43,039 49,374 23,525 22,535 6,981 2,413 11,004 6,652 71,718 U.S. Treasury, general account 47,708 0 47,708 0 0 0 0 0 0 0 0 0 0 U.S. Treasury, supplementary financing account 169,962 0 169,962 0 0 0 0 0 0 0 0 0 0 Foreign official 104 2 75 4 3 11 3 1 0 1 0 1 3 Other 8,717 9 8,585 0 0 112 0 1 5 0 1 3 0 Deferred availability cash items 3,746 119 0 670 516 258 300 471 72 267 179 355 539 Other liabilities and accrued dividends (14) 8,534 152 6,133 172 175 433 349 287 153 101 115 167 299 Total liabilities 1,812,316 54,029 953,161 49,850 85,028 124,712 136,670 99,337 35,374 18,492 39,997 50,991 164,675 Capital Capital paid in 21,694 903 6,034 2,315 1,552 5,981 1,612 729 210 335 209 271 1,543 Surplus 19,206 844 3,883 2,295 1,531 5,878 1,612 704 210 324 208 271 1,447 Other capital 62 19 0 0 0 0 11 13 6 1 7 4 0 Total liabilities and capital 1,853,278 55,796 963,077 54,459 88,111 136,571 139,906 100,783 35,799 19,152 40,420 51,538 167,665 Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table. 9. Statement of Condition of Each Federal Reserve Bank, February 4, 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 6 and the note on consolidation below. 7. Refer to table 7 and the note on consolidation below. 8. Refer to table 3 and the note on consolidation below. 9. Refer to table 4 and the note on consolidation below. 10. Refer to table 5 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 LLCto 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 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 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 Feb 4, 2009 Federal Reserve notes outstanding 1,032,381 Less: Notes held by F.R. Banks not subject to collateralization 180,083 Federal Reserve notes to be collateralized 852,298 Collateral held against Federal Reserve notes 852,298 Gold certificate account 11,037 Special drawing rights certificate account 2,200 U.S. Treasury, agency debt, and mortgage-backed securities pledged (1) 443,424 Other assets pledged 395,637 Memo: Total U.S. Treasury, agency debt, and mortgage-backed securities (1) 512,274 Less: Face value of securities under reverse repurchase agreements 68,850 U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 443,424 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.