For release at 4:30 p.m. EDT May 7, 2009 The weekly average value of net portfolio holdings of Maiden Lane LLC, Maiden Lane II LLC, and Maiden Lane III LLC shown in table 1 reflect holdings from Thursday, April 30, 2009 through Wednesday, May 6, 2009. The holdings for the first six days of this reporting week are based on the values as of December 31, 2008. The holdings for the final day of the reporting week are based on values as of March 31, 2009, the quarterly revaluation date. The fair value of the net portfolio holdings is updated quarterly. FEDERAL RESERVE statistical release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks May 7, 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 May 6, 2009 Apr 29, 2009 May 7, 2008 May 6, 2009 Reserve Bank credit 2,041,376 - 46,202 +1,172,936 2,061,935 Securities held outright 989,502 + 12,691 + 447,107 997,895 U.S. Treasury securities (1) 554,088 + 11,079 + 11,693 560,601 Bills (2) 18,423 0 - 47,329 18,423 Notes and bonds, nominal (2) 489,801 + 10,762 + 57,270 496,305 Notes and bonds, inflation-indexed (2) 41,253 + 277 + 2,082 41,253 Inflation compensation (3) 4,611 + 40 - 331 4,620 Federal agency debt securities (2) 69,579 + 3,505 + 69,579 71,474 Mortgage-backed securities (4) 365,835 - 1,893 + 365,835 365,820 Repurchase agreements (5) 0 0 - 119,571 0 Term auction credit 403,573 0 + 303,573 403,573 Other loans 104,138 - 400 + 75,930 121,037 Primary credit 40,941 - 3,847 + 29,286 39,591 Secondary credit 6 - 34 + 6 5 Seasonal credit 4 + 3 - 32 3 Primary dealer and other broker-dealer credit (6) 643 - 4,836 - 15,874 600 Asset-Backed Commercial Paper Money Market Mutual Fund Liquidity Facility 10,670 + 7,308 + 10,670 28,961 Credit extended to American International Group, Inc. (7) 45,496 + 1,007 + 45,496 45,498 Term Asset-Backed Securities Loan Facility 6,379 0 + 6,379 6,379 Other credit extensions 0 0 0 0 Net portfolio holdings of Commercial Paper Funding Facility LLC (8) 164,740 - 58,180 + 164,740 168,480 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) 26,384 - 100 + 26,384 25,672 Net portfolio holdings of Maiden Lane II LLC (11) 18,016 - 248 + 18,016 16,143 Net portfolio holdings of Maiden Lane III LLC (12) 26,416 - 1,016 + 26,416 20,219 Float -2,252 - 11 - 748 -3,242 Central bank liquidity swaps (13) 249,302 - 913 + 213,302 249,302 Other Federal Reserve assets (14) 61,556 + 1,974 + 17,787 62,856 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding (15) 42,304 + 14 + 3,555 42,304 Total factors supplying reserve funds 2,096,921 - 46,188 +1,176,491 2,117,480 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 May 6, 2009 Apr 29, 2009 May 7, 2008 May 6, 2009 Currency in circulation (15) 903,823 + 2,145 + 89,508 905,986 Reverse repurchase agreements (16) 66,325 + 129 + 27,559 65,144 Foreign official and international accounts 66,325 + 129 + 27,559 65,144 Dealers 0 0 0 0 Treasury cash holdings 308 - 17 + 31 290 Deposits with F.R. Banks, other than reserve balances 294,130 + 3,073 + 281,464 277,524 U.S. Treasury, general account 87,083 + 2,309 + 81,892 70,683 U.S. Treasury, supplementary financing account 199,929 0 + 199,929 199,929 Foreign official 1,664 + 30 + 1,567 1,210 Service-related 4,343 + 1 - 2,747 4,343 Required clearing balances 4,343 + 1 - 2,747 4,343 Adjustments to compensate for float 0 0 0 0 Other 1,110 + 732 + 823 1,359 Other liabilities and capital (17) 55,234 - 1,268 + 11,749 47,282 Total factors, other than reserve balances, absorbing reserve funds 1,319,819 + 4,062 + 410,310 1,296,227 Reserve balances with Federal Reserve Banks 777,101 - 50,251 + 766,180 821,254 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 May 6, 2009 Apr 29, 2009 May 7, 2008 May 6, 2009 Marketable securities held in custody for foreign official and international accounts (1) 2,660,156 + 9,550 + 380,414 2,662,210 U.S. Treasury securities 1,848,471 + 7,304 + 501,710 1,850,084 Federal agency securities (2) 811,685 + 2,246 - 121,296 812,127 Securities lent to dealers 37,835 - 840 - 127,069 35,927 Overnight facility (3) 5,285 - 840 - 16,964 3,377 Term facility (4) 32,550 0 - 110,105 32,550 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, May 6, 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 218,107 185,466 --- --- --- --- 403,573 Other loans (1) 34,309 34,738 113 51,877 --- --- 121,037 U.S. Treasury securities (2) Holdings 28,564 13,720 64,996 216,934 127,410 108,976 560,601 Weekly changes + 12,649 - 13,546 - 128 + 133 + 9,407 + 3,037 + 11,555 Federal agency debt securities (3) Holdings 0 196 4,770 49,829 16,297 382 71,474 Weekly changes 0 0 + 791 + 2,201 + 324 0 + 3,316 Mortgage-backed securities (4) Holdings 0 0 0 0 0 365,820 365,820 Weekly changes 0 0 0 0 0 - 333 - 333 Commercial paper held by Commercial Paper Funding Facility LLC (5) 21,335 144,667 0 --- --- --- 166,002 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) 165,640 83,662 0 0 0 0 249,302 Reverse repurchase agreements (7) 65,144 0 --- --- --- --- 65,144 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 May 6, 2009 Mortgage-backed securities held outright (1) 365,820 Commitments to buy mortgage-backed securities (2) 263,639 Commitments to sell mortgage-backed securities (2) 205,860 Cash and cash equivalents (3) 7 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 May 6, 2009 Net portfolio holdings of Maiden Lane LLC (1) 25,672 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) 318 Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3) 1,208 1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of March 31, 2009. Any assets purchased after this valuation date are initially recorded at cost until their estimated fair value as of the purchase date becomes available. 2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 10. 3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 9 and table 10. Note: On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended credit to Maiden Lane LLC under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to acquire certain assets of Bear Stearns and to manage those assets through time to maximize repayment of the credit extended and to minimize disruption to financial markets. Payments by Maiden Lane LLC from the proceeds of the net portfolio holdings will be made in the following order: operating expenses of the LLC, principal due to the FRBNY, interest due to the FRBNY, principal due to JPMorgan Chase & Co., and interest due to JPMorgan Chase & Co. Any remaining funds will be paid to the FRBNY. 5. Information on Principal Accounts of Maiden Lane II LLC Millions of dollars Wednesday Account name May 6, 2009 Net portfolio holdings of Maiden Lane II LLC (1) 16,143 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 17,877 Accrued interest payable to the Federal Reserve Bank of New York (2) 123 Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc. (3) 1,015 1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of March 31, 2009. Any assets purchased after this valuation date are initially recorded at cost until their estimated fair value as of the purchase date becomes available. 2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 10. 3. Book value. The deferred payment represents the portion of the proceeds of the net portfolio holdings due to subsidiaries of American International Group, Inc. in accordance with the asset purchase agreement. The fair value of this payment and accrued interest payable are included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 9 and table 10. Note: On December 12, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden Lane II LLC under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to purchase residential mortgage-backed securities from the U.S. securities lending reinvestment portfolio of subsidiaries of American International Group, Inc. (AIG subsidiaries). Payments by Maiden Lane II LLC from the proceeds of the net portfolio holdings will be made in the following order: operating expenses of Maiden Lane II LLC, principal due to the FRBNY, interest due to the FRBNY, and deferred payment and interest due to AIG subsidiaries. Any remaining funds will be shared by the FRBNY and AIG subsidiaries. 6. Information on Principal Accounts of Maiden Lane III LLC Millions of dollars Wednesday Account name May 6, 2009 Net portfolio holdings of Maiden Lane III LLC (1) 20,219 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 22,992 Accrued interest payable to the Federal Reserve Bank of New York (2) 168 Outstanding principal amount and accrued interest on loan payable to American International Group, Inc. (3) 5,083 1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of March 31, 2009. Any assets purchased after this valuation date are initially recorded at cost until their estimated fair value as of the purchase date becomes available. 2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 10. 3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 9 and table 10. Note: On November 25, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden Lane III LLC under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to purchase multi-sector collateralized debt obligations (CDOs) on which the Financial Products group of American International Group, Inc. (AIG) has written credit default swap (CDS) contracts. In connection with the purchase of CDOs, the CDS counterparties will concurrently unwind the related CDS transactions. Payments by Maiden Lane III LLC from the proceeds of the net portfolio holdings will be made in the following order: operating expenses of Maiden Lane III LLC, principal due to the FRBNY, interest due to the FRBNY, principal due to AIG, and interest due to AIG. Any remaining funds will be shared by the FRBNY and AIG. 7. Information on Principal Accounts of Commercial Paper Funding Facility LLC Millions of dollars Wednesday Account name May 6, 2009 Commercial paper holdings, net (1) 164,991 Other investments, net 3,489 Net portfolio holdings of Commercial Paper Funding Facility LLC 168,480 Memorandum: Commercial paper holdings, face value 166,002 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 164,981 Accrued interest payable to the Federal Reserve Bank of New York (2) 37 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 May 6, 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 May 6, 2009 Apr 29, 2009 May 7, 2008 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 2,200 0 0 Coin 1,901 + 22 + 470 Securities, repurchase agreements, term auction credit, and other loans 1,522,505 + 34,043 + 727,502 Securities held outright 997,895 + 14,537 + 461,181 U.S. Treasury securities (1) 560,601 + 11,555 + 23,887 Bills (2) 18,423 0 - 47,329 Notes and bonds, nominal (2) 496,305 + 11,248 + 69,487 Notes and bonds, inflation-indexed (2) 41,253 + 277 + 2,082 Inflation compensation (3) 4,620 + 30 - 353 Federal agency debt securities (2) 71,474 + 3,316 + 71,474 Mortgage-backed securities (4) 365,820 - 333 + 365,820 Repurchase agreements (5) 0 0 - 130,500 Term auction credit 403,573 0 + 303,573 Other loans 121,037 + 19,506 + 93,248 Net portfolio holdings of Commercial Paper Funding Facility LLC (6) 168,480 - 13,315 + 168,480 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) 25,672 - 830 + 25,672 Net portfolio holdings of Maiden Lane II LLC (9) 16,143 - 2,185 + 16,143 Net portfolio holdings of Maiden Lane III LLC (10) 20,219 - 7,230 + 20,219 Items in process of collection (694) 915 + 211 - 410 Bank premises 2,194 - 10 + 49 Central bank liquidity swaps (11) 249,302 - 211 + 213,302 Other assets (12) 60,688 + 2,613 + 19,091 Total assets (694) 2,081,257 + 13,108 +1,190,519 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 May 6, 2009 Apr 29, 2009 May 7, 2008 Liabilities Federal Reserve notes, net of F.R. Bank holdings 865,869 + 2,783 + 86,437 Reverse repurchase agreements (13) 65,144 - 2,140 + 26,113 Deposits (0) 1,098,804 + 20,661 +1,073,341 Depository institutions 825,623 + 12,693 + 806,257 U.S. Treasury, general account 70,683 + 7,873 + 64,953 U.S. Treasury, supplementary financing account 199,929 0 + 199,929 Foreign official 1,210 - 757 + 1,114 Other (0) 1,359 + 853 + 1,088 Deferred availability cash items (694) 4,158 + 1,109 + 1,094 Other liabilities and accrued dividends (14) 5,931 - 3,778 + 2,284 Total liabilities (694) 2,039,906 + 18,636 +1,189,269 Capital accounts Capital paid in 23,001 + 18 + 3,378 Surplus 17,247 - 3,943 - 1,232 Other capital accounts 1,103 - 1,603 - 897 Total capital 41,351 - 5,528 + 1,250 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, May 6, 2009 Millions of dollars Kansas San Assets, liabilities, and capital Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas Francisco Assets Gold certificate account 11,037 412 3,895 450 467 882 1,356 911 329 197 335 621 1,182 Special drawing rights certificate acct. 2,200 115 874 83 104 147 166 212 71 30 66 98 234 Coin 1,901 73 88 158 155 251 215 234 41 65 135 184 302 Securities, repurchase agreements, term auction credit, and other loans 1,522,505 62,909 708,167 39,730 46,913 116,601 126,014 116,041 42,974 17,553 47,321 52,513 145,769 Securities held outright 997,895 19,143 390,053 15,481 39,425 35,961 120,233 107,983 39,094 16,521 45,044 48,250 120,709 U.S. Treasury securities (1) 560,601 10,754 219,125 8,697 22,148 20,202 67,545 60,663 21,962 9,281 25,305 27,106 67,812 Bills (2) 18,423 353 7,201 286 728 664 2,220 1,994 722 305 832 891 2,228 Notes and bonds (3) 542,178 10,401 211,924 8,411 21,420 19,539 65,325 58,670 21,240 8,976 24,473 26,215 65,584 Federal agency debt securities (2) 71,474 1,371 27,937 1,109 2,824 2,576 8,612 7,734 2,800 1,183 3,226 3,456 8,646 Mortgage-backed securities (4) 365,820 7,018 142,990 5,675 14,453 13,183 44,076 39,586 14,331 6,056 16,513 17,688 44,251 Repurchase agreements (5) 0 0 0 0 0 0 0 0 0 0 0 0 0 Term auction credit 403,573 14,622 231,813 24,056 7,488 80,031 5,523 5,969 3,764 738 2,260 3,988 23,323 Other loans 121,037 29,144 86,301 193 0 610 259 2,089 116 294 17 275 1,738 Net portfolio holdings of Commercial Paper Funding Facility LLC (6) 168,480 0 168,480 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) 25,672 0 25,672 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of Maiden Lane II LLC (9) 16,143 0 16,143 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of Maiden Lane III LLC (10) 20,219 0 20,219 0 0 0 0 0 0 0 0 0 0 Items in process of collection 1,609 45 0 482 93 112 227 112 220 58 33 89 138 Bank premises 2,194 122 215 66 146 235 222 207 135 112 271 249 213 Central bank liquidity swaps (11) 249,302 10,231 61,847 28,055 18,809 72,471 19,531 8,525 2,541 3,931 2,520 3,284 17,557 Other assets (12) 60,688 1,694 20,730 3,220 3,203 8,257 6,214 4,686 1,684 997 1,887 2,087 6,029 Interdistrict settlement account 0 + 8,025 + 11,483 - 11,768 - 1,372 + 22,578 - 12,138 - 28,853 - 11,751 - 894 - 66 + 1,587 + 23,169 Total assets 2,081,951 83,626 1,037,813 60,476 68,518 221,533 141,808 102,076 36,244 22,049 52,502 60,711 194,593 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, May 6, 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 1,049,577 36,860 373,135 39,967 45,200 78,682 133,791 87,539 31,189 20,042 29,030 63,206 110,935 Less: Notes held by F.R. Banks 183,707 4,761 59,392 4,926 7,509 12,072 28,064 12,865 3,950 3,013 3,529 18,857 24,768 Federal Reserve notes, net 865,869 32,099 313,743 35,041 37,691 66,611 105,727 74,674 27,238 17,029 25,501 44,349 86,167 Reverse repurchase agreements (13) 65,144 1,250 25,463 1,011 2,574 2,348 7,849 7,049 2,552 1,078 2,941 3,150 7,880 Deposits 1,098,804 48,180 687,235 18,474 24,410 139,087 24,005 17,893 5,521 2,517 23,223 12,126 96,133 Depository institutions 825,623 48,170 414,216 18,469 24,407 138,962 24,002 17,891 5,515 2,513 23,221 12,126 96,130 U.S. Treasury, general account 70,683 0 70,683 0 0 0 0 0 0 0 0 0 0 U.S. Treasury, supplementary financing account 199,929 0 199,929 0 0 0 0 0 0 0 0 0 0 Foreign official 1,210 2 1,181 4 3 11 3 1 0 1 0 1 3 Other 1,359 8 1,226 0 0 113 0 1 5 3 1 0 0 Deferred availability cash items 4,852 137 0 1,035 457 198 424 483 264 392 262 322 877 Other liabilities and accrued dividends (14) 5,931 141 3,230 172 203 483 412 332 166 111 137 189 357 Total liabilities 2,040,600 81,807 1,029,671 55,733 65,334 208,726 138,418 100,431 35,741 21,128 52,063 60,135 191,414 Capital Capital paid in 23,001 912 6,364 2,379 1,589 6,530 1,659 793 240 487 205 278 1,566 Surplus 17,247 844 1,777 2,316 1,552 5,981 1,612 704 210 324 208 271 1,449 Other capital 1,103 64 0 48 43 296 120 149 54 110 27 27 165 Total liabilities and capital 2,081,951 83,626 1,037,813 60,476 68,518 221,533 141,808 102,076 36,244 22,049 52,502 60,711 194,593 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, May 6, 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 May 6, 2009 Federal Reserve notes outstanding 1,049,577 Less: Notes held by F.R. Banks not subject to collateralization 183,707 Federal Reserve notes to be collateralized 865,869 Collateral held against Federal Reserve notes 865,869 Gold certificate account 11,037 Special drawing rights certificate account 2,200 U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 852,633 Other assets pledged 0 Memo: Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 997,895 Less: Face value of securities under reverse repurchase agreements 62,461 U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 935,434 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.