FEDERAL RESERVE statistical release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks April 9, 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 Apr 8, 2009 Apr 1, 2009 Apr 9, 2008 Apr 8, 2009 Reserve Bank credit 2,069,605 + 20,954 +1,203,081 2,068,836 Securities held outright 796,917 + 23,420 + 236,100 801,353 U.S. Treasury securities (1) 505,518 + 19,299 - 55,299 508,414 Bills (2) 18,423 0 - 63,405 18,423 Notes and bonds, nominal (2) 443,610 + 19,251 + 7,845 446,488 Notes and bonds, inflation-indexed (2) 39,378 0 + 941 39,378 Inflation compensation (3) 4,108 + 48 - 679 4,127 Federal agency debt securities (2) 54,761 + 3,908 + 54,761 56,288 Mortgage-backed securities (4) 236,638 + 214 + 236,638 236,651 Repurchase agreements (5) 0 0 - 99,179 0 Term auction credit 467,277 - 1 + 367,277 467,277 Other loans 122,028 - 13,264 + 79,267 115,230 Primary credit 49,159 - 10,576 + 38,977 48,335 Secondary credit 64 + 64 + 64 62 Seasonal credit 3 0 - 14 3 Primary dealer and other broker-dealer credit (6) 17,600 - 1,888 - 14,962 13,400 Asset-Backed Commercial Paper Money Market Mutual Fund Liquidity Facility 4,938 - 1,712 + 4,938 3,664 Credit extended to American International Group, Inc. (7) 45,571 + 859 + 45,571 45,073 Term Asset-Backed Securities Loan Facility 4,692 - 11 + 4,692 4,692 Other credit extensions 0 0 0 0 Net portfolio holdings of Commercial Paper Funding Facility LLC (8) 250,597 + 6,300 + 250,597 251,226 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) 26,344 + 49 + 26,344 26,398 Net portfolio holdings of Maiden Lane II LLC (11) 18,391 - 67 + 18,391 18,227 Net portfolio holdings of Maiden Lane III LLC (12) 27,476 - 171 + 27,476 27,350 Float -2,283 + 4 - 1,576 -2,781 Central bank liquidity swaps (13) 312,839 + 3,011 + 291,839 313,396 Other Federal Reserve assets (14) 50,018 + 1,673 + 6,544 51,160 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding (15) 38,870 + 14 + 177 38,870 Total factors supplying reserve funds 2,121,716 + 20,968 +1,203,258 2,120,948 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 Apr 8, 2009 Apr 1, 2009 Apr 9, 2008 Apr 8, 2009 Currency in circulation (15) 901,195 + 1,997 + 86,092 902,793 Reverse repurchase agreements (16) 66,057 - 3,429 + 27,140 66,972 Foreign official and international accounts 66,057 - 3,429 + 27,140 66,972 Dealers 0 0 0 0 Treasury cash holdings 316 + 5 - 38 321 Deposits with F.R. Banks, other than reserve balances 260,290 - 9,547 + 247,670 260,944 U.S. Treasury, general account 35,981 - 11,148 + 30,854 23,684 U.S. Treasury, supplementary financing account 199,928 - 6 + 199,928 199,928 Foreign official 1,135 + 25 + 1,037 1,617 Service-related 4,428 - 2 - 2,617 4,428 Required clearing balances 4,428 - 2 - 2,617 4,428 Adjustments to compensate for float 0 0 0 0 Other 18,818 + 1,583 + 18,468 31,287 Other liabilities and capital (17) 55,229 - 245 + 10,400 55,221 Total factors, other than reserve balances, absorbing reserve funds 1,283,086 - 11,221 + 371,263 1,286,251 Reserve balances with Federal Reserve Banks 838,630 + 32,189 + 831,995 834,696 Note: Components may not sum to totals because of rounding. 1. Includes securities lent to dealers under the overnight and term securities lending facilities; refer to table 1A. 2. Face value of the securities. 3. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed securities. 4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the underlying mortgages. 5. Cash value of agreements. 6. Includes credit extended through the Primary Dealer Credit Facility and credit extended to certain other broker-dealers. 7. Excludes credit extended to consolidated LLCs. 8. Refer to table 7 and the note on consolidation accompanying table 10. 9. Refer to table 8 and the note on consolidation accompanying table 10. 10. Refer to table 4 and the note on consolidation accompanying table 10. 11. Refer to table 5 and the note on consolidation accompanying table 10. 12. Refer to table 6 and the note on consolidation accompanying table 10. 13. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the foreign central bank. 14. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates. 15. Estimated. 16. Cash value of agreements, which are collateralized by U.S. Treasury securities. 17. Includes the liabilities of Commercial Paper Funding Facility LLC, the LLCs funded through the Money Market Investor Funding Facility, Maiden Lane LLC, Maiden Lane II LLC, and Maiden Lane III LLC to entities other than the Federal Reserve Bank of New York, including liabilities that have recourse only to the portfolio holdings of these LLCs. Refer to table 4 through table 8 and the note on consolidation accompanying table 10. Sources: Federal Reserve Banks and the U.S. Department of the Treasury. 1A. Memorandum Items Millions of dollars Averages of daily figures Memorandum item Week ended Change from week ended Wednesday Apr 8, 2009 Apr 1, 2009 Apr 9, 2008 Apr 8, 2009 Marketable securities held in custody for foreign official and international accounts (1) 2,621,361 + 12,032 + 402,804 2,624,851 U.S. Treasury securities 1,812,045 + 12,418 + 499,607 1,816,192 Federal agency securities (2) 809,316 - 387 - 96,802 808,659 Securities lent to dealers 65,559 - 25,177 - 44,146 62,561 Overnight facility (3) 5,123 + 37 - 8,153 2,911 Term facility (4) 60,436 - 25,214 - 35,993 59,650 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, April 8, 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 253,822 213,455 --- --- --- --- 467,277 Other loans (1) 55,541 9,923 0 49,765 --- --- 115,230 U.S. Treasury securities (2) Holdings 16,944 25,942 61,900 188,973 109,906 104,749 508,414 Weekly changes + 3,867 - 3,867 + 2 + 13,211 + 320 + 2,551 + 16,084 Federal agency debt securities (3) Holdings 0 0 4,090 38,530 13,463 205 56,288 Weekly changes 0 0 0 + 2,107 + 565 0 + 2,672 Mortgage-backed securities (4) Holdings 0 0 0 0 0 236,651 236,651 Weekly changes 0 0 0 0 0 + 14 + 14 Commercial paper held by Commercial Paper Funding Facility LLC (5) 16,477 233,068 0 --- --- --- 249,545 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) 206,684 106,712 0 0 0 0 313,396 Reverse repurchase agreements (7) 66,972 0 --- --- --- --- 66,972 Note: Components may not sum to totals because of rounding. --- Not applicable. 1. Excludes the loans from the Federal Reserve Bank of New York (FRBNY) to Commercial Paper Funding Facility LLC, the LLCs funded through the Money Market Investor Funding Facility, Maiden Lane LLC, Maiden Lane II LLC, and Maiden Lane III LLC. The loans were eliminated when preparing the FRBNY's statement of condition consistent with consolidation under generally accepted accounting principles. 2. Face value. For inflation-indexed securities, includes the original face value and compensation that adjusts for the effect of inflation on the original face value of such securities. 3. Face value. 4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the underlying mortgages. 5. Face value of commercial paper held by Commercial Paper Funding Facility LLC. 6. Face value of money market instruments held by LLCs funded through the Money Market Investor Funding Facility. 7. Cash value of agreements. 8. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the foreign central bank. 3. Supplemental Information on Mortgage-Backed Securities Purchase Program Millions of dollars Wednesday Account name Apr 8, 2009 Mortgage-backed securities held outright (1) 236,651 Commitments to buy mortgage-backed securities (2) 258,606 Commitments to sell mortgage-backed securities (2) 164,030 Cash and cash equivalents (3) 779 1. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the underlying mortgages. 2. Current face value. Generally settle within 180 days and include commitments associated with outright transactions as well as dollar rolls. 3. This amount is included in other Federal Reserve assets in table 1 and in other assets in table 9 and table 10. 4. Information on Principal Accounts of Maiden Lane LLC Millions of dollars Wednesday Account name Apr 8, 2009 Net portfolio holdings of Maiden Lane LLC (1) 26,398 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) 306 Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3) 1,204 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 10. 3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 9 and table 10. Note: On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended credit to Maiden Lane LLC under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to acquire certain assets of Bear Stearns and to manage those assets through time to maximize repayment of the credit extended and to minimize disruption to financial markets. Payments by Maiden Lane LLC from the proceeds of the net portfolio holdings will be made in the following order: operating expenses of the LLC, principal due to the FRBNY, interest due to the FRBNY, principal due to JPMorgan Chase & Co., and interest due to JPMorgan Chase & Co. Any remaining funds will be paid to the FRBNY. 5. Information on Principal Accounts of Maiden Lane II LLC Millions of dollars Wednesday Account name Apr 8, 2009 Net portfolio holdings of Maiden Lane II LLC (1) 18,227 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 18,251 Accrued interest payable to the Federal Reserve Bank of New York (2) 102 Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc. (3) 1,012 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 10. 3. Book value. The deferred payment represents the portion of the proceeds of the net portfolio holdings due to subsidiaries of American International Group, Inc. in accordance with the asset purchase agreement. The fair value of this payment and accrued interest payable are included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 9 and table 10. Note: On December 12, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden Lane II LLC under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to purchase residential mortgage-backed securities from the U.S. securities lending reinvestment portfolio of subsidiaries of American International Group, Inc. (AIG subsidiaries). Payments by Maiden Lane II LLC from the proceeds of the net portfolio holdings will be made in the following order: operating expenses of Maiden Lane II LLC, principal due to the FRBNY, interest due to the FRBNY, and deferred payment and interest due to AIG subsidiaries. Any remaining funds will be shared by the FRBNY and AIG subsidiaries. 6. Information on Principal Accounts of Maiden Lane III LLC Millions of dollars Wednesday Account name Apr 8, 2009 Net portfolio holdings of Maiden Lane III LLC (1) 27,350 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 23,542 Accrued interest payable to the Federal Reserve Bank of New York (2) 140 Outstanding principal amount and accrued interest on loan payable to American International Group, Inc. (3) 5,069 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 10. 3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 9 and table 10. Note: On November 25, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden Lane III LLC under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to purchase multi-sector collateralized debt obligations (CDOs) on which the Financial Products group of American International Group, Inc. (AIG) has written credit default swap (CDS) contracts. In connection with the purchase of CDOs, the CDS counterparties will concurrently unwind the related CDS transactions. Payments by Maiden Lane III LLC from the proceeds of the net portfolio holdings will be made in the following order: operating expenses of Maiden Lane III LLC, principal due to the FRBNY, interest due to the FRBNY, principal due to AIG, and interest due to AIG. Any remaining funds will be shared by the FRBNY and AIG. 7. Information on Principal Accounts of Commercial Paper Funding Facility LLC Millions of dollars Wednesday Account name Apr 8, 2009 Commercial paper holdings, net (1) 248,602 Other investments, net 2,624 Net portfolio holdings of Commercial Paper Funding Facility LLC 251,226 Memorandum: Commercial paper holdings, face value 249,545 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 248,176 Accrued interest payable to the Federal Reserve Bank of New York (2) 100 1. Book value, which includes amortized cost and related fees. 2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 10. Note: On October 27, 2008, the Federal Reserve Bank of New York began extending loans under the authority of section 13(3) of the Federal Reserve Act to Commercial Paper Funding Facility LLC. This LLC is a limited liability company formed to purchase three-month U.S. dollar-denominated commercial paper from eligible issuers and thereby foster liquidity in short-term funding markets and increase the availability of credit for businesses and households. 8. Information on Principal Accounts of LLCs Funded through the Money Market Investor Funding Facility Millions of dollars Wednesday Account name Apr 8, 2009 Money market instrument holdings, net (1) 0 Other investments, net 0 Net portfolio holdings of LLCs funded through the Money Market Investor Funding Facility 0 Memorandum: Money market instrument holdings, face value 0 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 0 Accrued interest payable to the Federal Reserve Bank of New York (2) 0 Commercial paper issued by LLCs funded through the Money Market Investor Funding Facility, net of related discounts 0 1. Book value, which includes amortized cost. 2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 10. Note: The Federal Reserve Board authorized the Federal Reserve Bank of New York to extend credit under the authority of section 13(3) of the Federal Reserve Act to a series of limited liability companies funded through the Money Market Investor Funding Facility (MMIFF). The MMIFF became operational on November 24, 2008. These limited liability companies were established to purchase short-term U.S. dollar-denominated certificates of deposit, bank notes, and outstanding asset-backed commercial paper from eligible issuers. Such purchases are designed to foster liquidity in short-term money markets. 9. Consolidated Statement of Condition of All Federal Reserve Banks Millions of dollars Eliminations Change since from Wednesday Wednesday Wednesday Assets, liabilities, and capital consolidation Apr 8, 2009 Apr 1, 2009 Apr 9, 2008 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 2,200 0 0 Coin 1,835 - 2 + 479 Securities, repurchase agreements, term auction credit, and other loans 1,383,861 + 916 + 569,908 Securities held outright 801,353 + 18,770 + 241,239 U.S. Treasury securities (1) 508,414 + 16,084 - 51,700 Bills (2) 18,423 0 - 63,405 Notes and bonds, nominal (2) 446,488 + 16,034 + 11,437 Notes and bonds, inflation-indexed (2) 39,378 0 + 941 Inflation compensation (3) 4,127 + 51 - 671 Federal agency debt securities (2) 56,288 + 2,672 + 56,288 Mortgage-backed securities (4) 236,651 + 14 + 236,651 Repurchase agreements (5) 0 0 - 120,000 Term auction credit 467,277 - 1 + 367,277 Other loans 115,230 - 17,854 + 81,392 Net portfolio holdings of Commercial Paper Funding Facility LLC (6) 251,226 + 1,495 + 251,226 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) 26,398 + 62 + 26,398 Net portfolio holdings of Maiden Lane II LLC (9) 18,227 - 289 + 18,227 Net portfolio holdings of Maiden Lane III LLC (10) 27,350 - 311 + 27,350 Items in process of collection (410) 852 + 367 - 509 Bank premises 2,185 + 2 + 43 Central bank liquidity swaps (11) 313,396 + 4,604 + 292,396 Other assets (12) 51,439 + 2,747 + 9,829 Total assets (410) 2,090,006 + 9,591 +1,195,348 Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table. 9. Consolidated Statement of Condition of All Federal Reserve Banks (continued) Millions of dollars Eliminations Change since from Wednesday Wednesday Wednesday Assets, liabilities, and capital consolidation Apr 8, 2009 Apr 1, 2009 Apr 9, 2008 Liabilities Federal Reserve notes, net of F.R. Bank holdings 866,075 + 1,558 + 87,173 Reverse repurchase agreements (13) 66,972 - 934 + 28,193 Deposits (0) 1,098,105 + 8,189 +1,068,496 Depository institutions 841,589 + 4,126 + 815,833 U.S. Treasury, general account 23,684 - 14,070 + 20,247 U.S. Treasury, supplementary financing account 199,928 - 6 + 199,928 Foreign official 1,617 + 771 + 1,517 Other (0) 31,287 + 17,368 + 30,970 Deferred availability cash items (410) 3,632 + 364 + 614 Other liabilities and accrued dividends (14) 9,409 + 141 + 5,671 Total liabilities (410) 2,044,193 + 9,319 +1,190,147 Capital accounts Capital paid in 22,595 + 35 + 3,044 Surplus 21,165 + 9 + 2,694 Other capital accounts 2,053 + 229 - 537 Total capital 45,812 + 272 + 5,200 Note: Components may not sum to totals because of rounding. 1. Includes securities lent to dealers under the overnight and term securities lending facilities; refer to table 1A. 2. Face value of the securities. 3. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed securities. 4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the underlying mortgages. 5. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities. 6. Refer to table 7 and the note on consolidation accompanying table 10. 7. Refer to table 8 and the note on consolidation accompanying table 10. 8. Refer to table 4 and the note on consolidation accompanying table 10. 9. Refer to table 5 and the note on consolidation accompanying table 10. 10. Refer to table 6 and the note on consolidation accompanying table 10. 11. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the foreign central bank. 12. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates. 13. Cash value of agreements, which are collateralized by U.S. Treasury securities. 14. Includes the liabilities of Commercial Paper Funding Facility LLC, the LLCs funded through the Money Market Investor Funding Facility, Maiden Lane LLC, Maiden Lane II LLC, and Maiden Lane III LLC to entities other than the Federal Reserve Bank of New York, including liabilities that have recourse only to the portfolio holdings of these LLCs. Refer to table 4 through table 8 and the note on consolidation accompanying table 10. 10. Statement of Condition of Each Federal Reserve Bank, April 8, 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 1,835 67 77 158 149 255 211 222 39 62 125 179 291 Securities, repurchase agreements, term auction credit, and other loans 1,383,861 60,527 630,541 77,678 41,158 156,816 88,497 78,996 32,056 16,114 31,790 39,857 129,831 Securities held outright 801,353 33,612 285,117 34,988 30,387 72,665 79,733 70,727 27,692 15,129 29,424 33,241 88,638 U.S. Treasury securities (1) 508,414 21,325 180,891 22,198 19,279 46,102 50,586 44,872 17,569 9,598 18,668 21,090 56,236 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) 489,992 20,552 174,336 21,394 18,580 44,432 48,753 43,246 16,932 9,251 17,991 20,325 54,198 Federal agency debt securities (2) 56,288 2,361 20,027 2,458 2,134 5,104 5,601 4,968 1,945 1,063 2,067 2,335 6,226 Mortgage-backed securities (4) 236,651 9,926 84,199 10,333 8,974 21,459 23,546 20,887 8,178 4,468 8,689 9,817 26,176 Repurchase agreements (5) 0 0 0 0 0 0 0 0 0 0 0 0 0 Term auction credit 467,277 23,022 238,947 42,573 10,766 83,563 8,483 6,474 4,237 749 2,331 6,275 39,859 Other loans 115,230 3,893 106,478 117 5 588 280 1,795 127 237 35 342 1,334 Net portfolio holdings of Commercial Paper Funding Facility LLC (6) 251,226 0 251,226 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) 26,398 0 26,398 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of Maiden Lane II LLC (9) 18,227 0 18,227 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of Maiden Lane III LLC (10) 27,350 0 27,350 0 0 0 0 0 0 0 0 0 0 Items in process of collection 1,261 36 0 155 80 49 474 100 53 69 34 95 116 Bank premises 2,185 122 209 66 146 233 223 208 133 112 272 249 212 Central bank liquidity swaps (11) 313,396 12,613 82,304 34,586 23,188 89,341 24,078 10,509 3,133 4,846 3,106 4,048 21,644 Other assets (12) 51,439 2,121 16,078 3,862 2,795 9,340 4,574 3,179 1,199 903 1,256 1,470 4,663 Interdistrict settlement account 0 + 8,345 - 54,095 - 54,116 + 9,481 - 12,751 + 23,269 + 12,715 - 450 + 818 + 17,317 + 15,106 + 34,362 Total assets 2,090,416 84,370 1,003,125 62,924 77,523 244,321 142,712 107,055 36,578 23,154 54,315 61,738 192,601 Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table. 10. Statement of Condition of Each Federal Reserve Bank, April 8, 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 1,045,533 37,207 369,578 40,404 45,608 79,180 132,333 87,832 29,979 20,001 29,278 63,117 111,015 Less: Notes held by F.R. Banks 179,458 5,161 57,046 4,784 7,543 11,702 27,984 13,039 3,625 2,752 3,326 17,819 24,678 Federal Reserve notes, net 866,075 32,045 312,532 35,621 38,066 67,478 104,350 74,792 26,355 17,249 25,952 45,298 86,338 Reverse repurchase agreements (13) 66,972 2,809 23,828 2,924 2,540 6,073 6,664 5,911 2,314 1,264 2,459 2,778 7,408 Deposits 1,098,105 47,386 646,763 18,790 33,077 157,727 27,612 24,048 7,213 3,253 25,123 12,615 94,498 Depository institutions 841,589 47,383 390,434 18,786 33,074 157,576 27,607 24,039 7,208 3,252 25,122 12,614 94,495 U.S. Treasury, general account 23,684 0 23,684 0 0 0 0 0 0 0 0 0 0 U.S. Treasury, supplementary financing account 199,928 0 199,928 0 0 0 0 0 0 0 0 0 0 Foreign official 1,617 2 1,587 4 3 11 3 1 0 1 0 1 3 Other 31,287 2 31,130 0 0 139 2 8 5 0 1 0 0 Deferred availability cash items 4,042 119 0 622 464 219 377 404 87 395 209 281 865 Other liabilities and accrued dividends (14) 9,409 168 6,779 200 192 517 370 293 154 112 123 173 327 Total liabilities 2,044,603 82,528 989,903 58,157 74,338 232,014 139,372 105,448 36,123 22,273 53,866 61,146 189,436 Capital Capital paid in 22,595 912 6,363 2,380 1,587 6,162 1,645 785 217 486 214 286 1,557 Surplus 21,165 844 5,695 2,315 1,552 5,981 1,612 704 210 324 208 271 1,449 Other capital 2,053 86 1,164 73 45 164 83 119 28 71 27 35 159 Total liabilities and capital 2,090,416 84,370 1,003,125 62,924 77,523 244,321 142,712 107,055 36,578 23,154 54,315 61,738 192,601 Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table. 10. Statement of Condition of Each Federal Reserve Bank, April 8, 2009 (continued) 1. Includes securities lent to dealers under the overnight and term securities lending facilities; refer to table 1A. 2. Face value of the securities. 3. Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face value of such securities. 4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the underlying mortgages. 5. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities. 6. Refer to table 7 and the note on consolidation below. 7. Refer to table 8 and the note on consolidation below. 8. Refer to table 4 and the note on consolidation below. 9. Refer to table 5 and the note on consolidation below. 10. Refer to table 6 and the note on consolidation below. 11. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the foreign central bank. 12. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates. 13. Cash value of agreements, which are collateralized by U.S. Treasury securities. 14. Includes the liabilities of Commercial Paper Funding Facility LLC, the LLCs funded through the Money Market Investor Funding Facility, Maiden Lane LLC, Maiden Lane II LLC, and Maiden Lane III LLC to entities other than the Federal Reserve Bank of New York, including liabilities that have recourse only to the portfolio holdings of these LLCs. Refer to table 4 through table 8 and the note on consolidation below. Note on consolidation: The Federal Reserve Bank of New York (FRBNY) has extended loans to several limited liability companies under the authority of section 13(3) of the Federal Reserve Act. On June 26, 2008, a loan was extended to Maiden Lane LLC, which was formed to acquire certain assets of Bear Stearns. On October 27, 2008, the FRBNY began extending loans to Commercial Paper Funding Facility LLC, which was formed to purchase three-month U.S. dollar-denominated commercial paper from eligible issuers. On October 21, 2008, the Federal Reserve Board authorized the FRBNY to extend credit to a series of LLCs funded through the Money Market Investor Funding Facility. These LLCs, which became operational on November 24, 2008, were established to purchase short-term U.S. dollar-denominated certificates of deposit, bank notes, and commercial paper from eligible issuers. On November 25, 2008, a loan was extended to Maiden Lane III LLC, which was formed to purchase multi-sector collateralized debt obligations on which the Financial Products group of the American International Group, Inc. has written credit default swap contracts. On December 12, 2008, a loan was extended to Maiden Lane II LLC, which was formed to purchase residential mortgage-backed securities from the U.S. securities lending reinvestment portfolio of subsidiaries of American International Group, Inc. The FRBNY is the sole beneficiary of Commercial Paper Funding Facility LLC and the primary beneficiary of the other LLCs cited above. Consistent with generally accepted accounting principles, the assets and liabilities of these LLCs have been consolidated with the assets and liabilities of the FRBNY in the preparation of the statements of condition shown on this release. As a consequence of the consolidation, the extensions of credit from the FRBNY to the LLCs are eliminated, the net assets of the LLCs appear as assets on the previous page (and in table 1 and table 9), and the liabilities of the LLCs to entities other than the FRBNY, including those with recourse only to the portfolio holdings of the LLCs, are included in other liabilities in this table (and table 1 and table 9). 11. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts Millions of dollars Federal Reserve notes and collateral Wednesday Apr 8, 2009 Federal Reserve notes outstanding 1,045,533 Less: Notes held by F.R. Banks not subject to collateralization 179,458 Federal Reserve notes to be collateralized 866,075 Collateral held against Federal Reserve notes 866,075 Gold certificate account 11,037 Special drawing rights certificate account 2,200 U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 738,699 Other assets pledged 114,139 Memo: Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 801,353 Less: Face value of securities under reverse repurchase agreements 62,654 U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 738,699 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.