FEDERAL RESERVE statistical release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks June 4, 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 Jun 3, 2009 May 27, 2009 Jun 4, 2008 Jun 3, 2009 Reserve Bank credit 2,066,244 - 8,213 +1,188,487 2,062,004 Securities held outright 1,114,473 + 6,239 + 627,564 1,115,772 U.S. Treasury securities (1) 606,158 + 8,579 + 119,249 606,168 Bills (2) 18,423 0 - 11,646 18,423 Notes and bonds, nominal (2) 540,022 + 7,057 + 127,630 540,022 Notes and bonds, inflation-indexed (2) 42,803 + 1,328 + 3,632 42,803 Inflation compensation (3) 4,910 + 194 - 367 4,921 Federal agency debt securities (2) 80,704 + 951 + 80,704 81,971 Mortgage-backed securities (4) 427,612 - 3,290 + 427,612 427,633 Repurchase agreements (5) 0 0 - 114,107 0 Term auction credit 372,540 - 1 + 222,540 372,540 Other loans 126,054 + 1,822 + 101,795 124,239 Primary credit 41,930 + 3,777 + 26,009 42,086 Secondary credit 1 - 28 + 1 0 Seasonal credit 12 - 3 - 65 15 Primary dealer and other broker-dealer credit (6) 0 0 - 8,261 0 Asset-Backed Commercial Paper Money Market Mutual Fund Liquidity Facility 25,093 - 1,330 + 25,093 23,635 Credit extended to American International Group, Inc. (7) 43,578 - 579 + 43,578 43,123 Term Asset-Backed Securities Loan Facility 15,440 - 14 + 15,440 15,380 Other credit extensions 0 0 0 0 Net portfolio holdings of Commercial Paper Funding Facility LLC (8) 145,139 - 9,555 + 145,139 142,635 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) 25,772 + 84 + 25,772 25,831 Net portfolio holdings of Maiden Lane II LLC (11) 16,260 + 85 + 16,260 16,263 Net portfolio holdings of Maiden Lane III LLC (12) 20,395 + 28 + 20,395 20,446 Float -1,857 + 118 - 611 -2,306 Central bank liquidity swaps (13) 176,833 - 8,099 + 114,833 175,742 Other Federal Reserve assets (14) 70,634 + 1,066 + 28,904 70,840 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding (15) 42,387 + 14 + 3,582 42,387 Total factors supplying reserve funds 2,121,872 - 8,199 +1,192,069 2,117,632 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 Jun 3, 2009 May 27, 2009 Jun 4, 2008 Jun 3, 2009 Currency in circulation (15) 908,852 + 148 + 85,410 909,082 Reverse repurchase agreements (16) 66,316 - 3,712 + 27,322 67,420 Foreign official and international accounts 66,316 - 3,712 + 27,322 67,420 Dealers 0 0 0 0 Treasury cash holdings 301 + 3 + 21 298 Deposits with F.R. Banks, other than reserve balances 239,487 + 5,921 + 227,210 247,130 U.S. Treasury, general account 32,573 + 5,881 + 27,729 37,634 U.S. Treasury, supplementary financing account 199,933 + 1 + 199,933 199,933 Foreign official 1,981 - 399 + 1,882 1,901 Service-related 4,226 0 - 2,844 4,226 Required clearing balances 4,226 0 - 2,844 4,226 Adjustments to compensate for float 0 0 0 0 Other 774 + 438 + 510 3,436 Other liabilities and capital (17) 51,890 + 724 + 7,593 52,014 Total factors, other than reserve balances, absorbing reserve funds 1,266,846 + 3,084 + 347,555 1,275,946 Reserve balances with Federal Reserve Banks 855,027 - 11,282 + 844,515 841,687 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 Jun 3, 2009 May 27, 2009 Jun 4, 2008 Jun 3, 2009 Marketable securities held in custody for foreign official and international accounts (1) 2,731,657 + 7,434 + 430,254 2,735,569 U.S. Treasury securities 1,919,090 + 9,153 + 568,536 1,924,703 Federal agency securities (2) 812,567 - 1,719 - 138,283 810,866 Securities lent to dealers 33,905 + 2,435 - 81,713 36,239 Overnight facility (3) 6,555 + 3,178 - 9,395 8,889 Term facility (4,5) 27,350 - 743 - 72,319 27,350 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. 5. On June 3, 2009, option contracts on draws on the Term Securities Lending Facility totaling $ 12,000 million were outstanding. The exercise date for the options is June 24, 2009, and the draws have a term of June 25, 2009 through July 2, 2009. 2. Maturity Distribution of Term Auction Credit, Other Loans, and Securities, June 3, 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 233,193 139,347 --- --- --- --- 372,540 Other loans (1) 34,269 31,389 79 58,503 --- --- 124,239 U.S. Treasury securities (2) Holdings 16,692 24,417 60,942 247,670 138,134 118,313 606,168 Weekly changes + 1,074 - 1,274 - 823 + 6,137 + 901 + 11 + 6,026 Federal agency debt securities (3) Holdings 0 196 6,167 54,972 19,820 816 81,971 Weekly changes 0 0 + 662 - 662 + 1,937 + 281 + 2,218 Mortgage-backed securities (4) Holdings 0 0 0 0 0 427,633 427,633 Weekly changes 0 0 0 0 0 + 81 + 81 Commercial paper held by Commercial Paper Funding Facility LLC (5) 18,092 121,523 0 --- --- --- 139,616 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) 103,784 71,958 0 0 0 0 175,742 Reverse repurchase agreements (7) 67,420 0 --- --- --- --- 67,420 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 Jun 3, 2009 Mortgage-backed securities held outright (1) 427,633 Commitments to buy mortgage-backed securities (2) 209,542 Commitments to sell mortgage-backed securities (2) 116,154 Cash and cash equivalents (3) 1,095 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 Jun 3, 2009 Net portfolio holdings of Maiden Lane LLC (1) 25,831 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) 329 Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3) 1,213 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 Jun 3, 2009 Net portfolio holdings of Maiden Lane II LLC (1) 16,263 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) 142 Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc. (3) 1,017 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 Jun 3, 2009 Net portfolio holdings of Maiden Lane III LLC (1) 20,446 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) 193 Outstanding principal amount and accrued interest on loan payable to American International Group, Inc. (3) 5,096 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 Jun 3, 2009 Commercial paper holdings, net (1) 138,914 Other investments, net 3,721 Net portfolio holdings of Commercial Paper Funding Facility LLC 142,635 Memorandum: Commercial paper holdings, face value 139,616 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 138,736 Accrued interest payable to the Federal Reserve Bank of New York (2) 41 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 Jun 3, 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 Jun 3, 2009 May 27, 2009 Jun 4, 2008 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 2,200 0 0 Coin 1,785 - 5 + 460 Securities, repurchase agreements, term auction credit, and other loans 1,612,552 + 8,993 + 835,073 Securities held outright 1,115,772 + 8,325 + 628,835 U.S. Treasury securities (1) 606,168 + 6,026 + 119,231 Bills (2) 18,423 0 - 11,646 Notes and bonds, nominal (2) 540,022 + 6,000 + 127,630 Notes and bonds, inflation-indexed (2) 42,803 0 + 3,632 Inflation compensation (3) 4,921 + 27 - 384 Federal agency debt securities (2) 81,971 + 2,218 + 81,971 Mortgage-backed securities (4) 427,633 + 81 + 427,633 Repurchase agreements (5) 0 0 - 119,750 Term auction credit 372,540 0 + 222,540 Other loans 124,239 + 667 + 103,446 Net portfolio holdings of Commercial Paper Funding Facility LLC (6) 142,635 - 6,754 + 142,635 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) 25,831 + 114 + 25,831 Net portfolio holdings of Maiden Lane II LLC (9) 16,263 + 11 + 16,263 Net portfolio holdings of Maiden Lane III LLC (10) 20,446 + 67 + 20,446 Items in process of collection (542) 1,145 - 114 - 714 Bank premises 2,194 - 4 + 42 Central bank liquidity swaps (11) 175,742 - 5,905 + 113,742 Other assets (12) 67,411 + 1,178 + 28,047 Total assets (542) 2,079,241 - 2,418 +1,181,826 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 Jun 3, 2009 May 27, 2009 Jun 4, 2008 Liabilities Federal Reserve notes, net of F.R. Bank holdings 868,774 - 1,243 + 81,671 Reverse repurchase agreements (13) 67,420 + 1,541 + 25,300 Deposits (1) 1,087,581 - 2,857 +1,066,198 Depository institutions 844,677 - 32,334 + 828,927 U.S. Treasury, general account 37,634 + 26,586 + 32,356 U.S. Treasury, supplementary financing account 199,933 + 1 + 199,933 Foreign official 1,901 - 231 + 1,803 Other (1) 3,436 + 3,121 + 3,180 Deferred availability cash items (542) 3,451 - 669 + 596 Other liabilities and accrued dividends (14) 6,317 + 34 + 2,612 Total liabilities (542) 2,033,544 - 3,193 +1,176,380 Capital accounts Capital paid in 24,066 + 39 + 4,143 Surplus 19,845 + 671 + 1,359 Other capital accounts 1,786 + 65 - 56 Total capital 45,697 + 775 + 5,446 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, June 3, 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 1,785 66 75 150 141 238 206 221 38 60 128 177 286 Securities, repurchase agreements, term auction credit, and other loans 1,612,552 58,538 749,062 32,785 51,022 105,711 151,202 128,319 47,607 19,419 52,684 58,320 157,882 Securities held outright 1,115,772 21,404 436,128 17,310 44,082 40,209 134,435 120,739 43,712 18,472 50,365 53,949 134,967 U.S. Treasury securities (1) 606,168 11,628 236,936 9,404 23,949 21,845 73,035 65,594 23,747 10,035 27,362 29,309 73,324 Bills (2) 18,423 353 7,201 286 728 664 2,220 1,994 722 305 832 891 2,228 Notes and bonds (3) 587,746 11,275 229,735 9,118 23,221 21,181 70,815 63,600 23,026 9,730 26,530 28,418 71,096 Federal agency debt securities (2) 81,971 1,572 32,040 1,272 3,239 2,954 9,876 8,870 3,211 1,357 3,700 3,963 9,915 Mortgage-backed securities (4) 427,633 8,203 167,151 6,634 16,895 15,411 51,524 46,275 16,753 7,080 19,303 20,677 51,728 Repurchase agreements (5) 0 0 0 0 0 0 0 0 0 0 0 0 0 Term auction credit 372,540 13,337 216,558 15,324 6,940 64,993 16,559 5,900 3,834 771 2,301 4,195 21,830 Other loans 124,239 23,797 96,377 152 0 509 208 1,681 61 176 18 176 1,085 Net portfolio holdings of Commercial Paper Funding Facility LLC (6) 142,635 0 142,635 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) 25,831 0 25,831 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of Maiden Lane II LLC (9) 16,263 0 16,263 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of Maiden Lane III LLC (10) 20,446 0 20,446 0 0 0 0 0 0 0 0 0 0 Items in process of collection 1,687 37 0 328 190 79 86 40 451 67 77 236 98 Bank premises 2,194 122 215 67 146 237 222 207 135 112 271 248 213 Central bank liquidity swaps (11) 175,742 7,328 41,475 20,095 13,472 51,908 13,989 6,106 1,820 2,816 1,805 2,352 12,575 Other assets (12) 67,411 1,853 23,315 3,423 3,500 8,755 6,957 5,315 1,918 1,107 2,144 2,366 6,758 Interdistrict settlement account 0 + 13,303 - 49,893 + 2,377 + 8,992 + 87,675 - 20,873 - 36,268 - 15,470 - 721 - 1,968 - 1,798 + 14,645 Total assets 2,079,783 81,773 974,194 59,757 78,035 255,630 153,312 105,063 36,897 23,089 55,541 62,620 193,873 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, June 3, 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 1,050,192 36,488 374,513 40,262 45,239 80,710 132,435 87,351 31,279 20,021 28,819 62,786 110,289 Less: Notes held by F.R. Banks 181,418 4,684 57,824 5,350 7,832 11,931 27,983 12,543 4,071 2,940 3,315 19,022 23,922 Federal Reserve notes, net 868,774 31,804 316,689 34,912 37,406 68,779 104,452 74,808 27,207 17,080 25,504 43,764 86,368 Reverse repurchase agreements (13) 67,420 1,293 26,353 1,046 2,664 2,430 8,123 7,296 2,641 1,116 3,043 3,260 8,155 Deposits 1,087,582 46,560 616,030 17,976 34,093 170,599 36,684 20,518 6,137 3,309 26,141 14,565 94,972 Depository institutions 844,677 46,553 373,281 17,972 34,090 170,503 36,680 20,515 6,123 3,308 26,120 14,564 94,969 U.S. Treasury, general account 37,634 0 37,634 0 0 0 0 0 0 0 0 0 0 U.S. Treasury, supplementary financing account 199,933 0 199,933 0 0 0 0 0 0 0 0 0 0 Foreign official 1,901 2 1,872 4 3 11 3 1 0 1 0 1 3 Other 3,436 6 3,309 0 0 85 0 1 14 0 20 0 0 Deferred availability cash items 3,992 108 0 757 382 155 340 427 234 334 263 262 729 Other liabilities and accrued dividends (14) 6,317 148 3,505 184 213 521 418 339 169 118 140 191 372 Total liabilities 2,034,086 79,914 962,577 54,876 74,758 242,482 150,018 103,387 36,388 21,957 55,091 62,042 190,596 Capital Capital paid in 24,066 920 7,243 2,427 1,619 6,555 1,562 795 238 633 207 273 1,594 Surplus 19,845 844 4,375 2,316 1,552 5,981 1,612 704 210 324 208 271 1,449 Other capital 1,786 94 0 139 105 611 120 177 62 174 35 34 234 Total liabilities and capital 2,079,783 81,773 974,194 59,757 78,035 255,630 153,312 105,063 36,897 23,089 55,541 62,620 193,873 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, June 3, 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 Jun 3, 2009 Federal Reserve notes outstanding 1,050,192 Less: Notes held by F.R. Banks not subject to collateralization 181,418 Federal Reserve notes to be collateralized 868,774 Collateral held against Federal Reserve notes 868,774 Gold certificate account 11,037 Special drawing rights certificate account 2,200 U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 855,538 Other assets pledged 0 Memo: Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 1,115,772 Less: Face value of securities under reverse repurchase agreements 66,946 U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 1,048,826 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.