Federal Reserve Statistical Release, H.4.1, Factors Affecting Reserve Balances; title with eagle logo links to Statistical Release home page
Release Date:  June 04, 2009
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FEDERAL RESERVE statistical release
 

H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
June 4, 2009
1. Factors Affecting Reserve Balances of Depository Institutions
Millions of dollars
Reserve Bank credit, related items, and
reserve balances of depository institutions at
Federal Reserve Banks
Averages of daily figures Wednesday
Jun 3, 2009
Week ended
Jun 3, 2009
Change from week ended
May 27, 2009 Jun 4, 2008
                                                              
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
reserve balances of depository institutions at
Federal Reserve Banks
Averages of daily figures Wednesday
Jun 3, 2009
Week ended
Jun 3, 2009
Change from week ended
May 27, 2009 Jun 4, 2008
                                                              
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

Memorandum item
Averages of daily figures Wednesday
Jun 3, 2009
Week ended
Jun 3, 2009
Change from week ended
May 27, 2009 Jun 4, 2008
                                                              
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
days
16 days to
90 days
91 days to
1 year
Over 1 year
to 5 years
Over 5 years
to 10 years
Over 10
years
All
 
Term auction credit                   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
Account name Wednesday
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
Account name Wednesday
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
Account name Wednesday
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
Account name Wednesday
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
Account name Wednesday
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
Account name Wednesday
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
Assets, liabilities, and capital Eliminations
from
consolidation
  Change since
Wednesday
Jun 3, 2009
Wednesday
May 27, 2009
Wednesday
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
Assets, liabilities, and capital Eliminations
from
consolidation
  Change since
Wednesday
Jun 3, 2009
Wednesday
May 27, 2009
Wednesday
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
Assets, liabilities, and capital Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas
City
Dallas San
Francisco
Assets                                                             
Gold certificate account                      11,037         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
Assets, liabilities, and capital Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas
City
Dallas San
Francisco
Liabilities                                                         
Federal Reserve notes outstanding           1,050,192      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.

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