FEDERAL RESERVE statistical release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks June 11, 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 10, 2009 Jun 3, 2009 Jun 11, 2008 Jun 10, 2009 Reserve Bank credit 2,025,715 - 40,529 +1,152,194 2,035,926 Securities held outright 1,133,524 + 19,051 + 651,474 1,142,475 U.S. Treasury securities (1) 622,252 + 16,094 + 140,202 628,690 Bills (2) 18,423 0 - 6,720 18,423 Notes and bonds, nominal (2) 556,088 + 16,066 + 143,696 562,516 Notes and bonds, inflation-indexed (2) 42,803 0 + 3,632 42,803 Inflation compensation (3) 4,938 + 28 - 407 4,948 Federal agency debt securities (2) 83,856 + 3,152 + 83,856 86,369 Mortgage-backed securities (4) 427,416 - 196 + 427,416 427,416 Repurchase agreements (5) 0 0 - 116,821 0 Term auction credit 336,566 - 35,974 + 186,566 336,566 Other loans 119,610 - 6,444 + 97,735 123,992 Primary credit 36,874 - 5,056 + 23,726 35,408 Secondary credit 1 0 - 223 3 Seasonal credit 13 + 1 - 54 14 Primary dealer and other broker-dealer credit (6) 0 0 - 8,436 0 Asset-Backed Commercial Paper Money Market Mutual Fund Liquidity Facility 21,158 - 3,935 + 21,158 20,194 Credit extended to American International Group, Inc. (7) 43,498 - 80 + 43,498 43,129 Term Asset-Backed Securities Loan Facility 18,067 + 2,627 + 18,067 25,243 Other credit extensions 0 0 0 0 Net portfolio holdings of Commercial Paper Funding Facility LLC (8) 140,827 - 4,312 + 140,827 138,440 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) 25,839 + 67 + 25,839 25,882 Net portfolio holdings of Maiden Lane II LLC (11) 15,939 - 321 + 15,939 15,941 Net portfolio holdings of Maiden Lane III LLC (12) 19,876 - 519 + 19,876 20,010 Float -2,186 - 329 - 789 -2,277 Central bank liquidity swaps (13) 165,856 - 10,977 + 103,856 164,234 Other Federal Reserve assets (14) 69,864 - 770 + 27,692 70,663 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding (15) 42,401 + 14 + 3,628 42,401 Total factors supplying reserve funds 2,081,358 - 40,514 +1,155,824 2,091,568 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 10, 2009 Jun 3, 2009 Jun 11, 2008 Jun 10, 2009 Currency in circulation (15) 907,550 - 1,302 + 84,814 908,752 Reverse repurchase agreements (16) 67,108 + 792 + 26,994 67,043 Foreign official and international accounts 67,108 + 792 + 26,994 67,043 Dealers 0 0 0 0 Treasury cash holdings 299 - 2 + 26 303 Deposits with F.R. Banks, other than reserve balances 249,982 + 10,495 + 237,666 251,888 U.S. Treasury, general account 31,392 - 1,181 + 26,543 17,166 U.S. Treasury, supplementary financing account 199,936 + 3 + 199,936 199,936 Foreign official 2,057 + 76 + 1,958 2,509 Service-related 4,217 - 9 - 2,879 4,217 Required clearing balances 4,217 - 9 - 2,879 4,217 Adjustments to compensate for float 0 0 0 0 Other 12,381 + 11,607 + 12,108 28,061 Other liabilities and capital (17) 52,053 + 163 + 7,686 52,149 Total factors, other than reserve balances, absorbing reserve funds 1,276,992 + 10,146 + 357,186 1,280,136 Reserve balances with Federal Reserve Banks 804,365 - 50,662 + 798,637 811,432 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 10, 2009 Jun 3, 2009 Jun 11, 2008 Jun 10, 2009 Marketable securities held in custody for foreign official and international accounts (1) 2,749,596 + 17,939 + 445,454 2,746,089 U.S. Treasury securities 1,936,869 + 17,779 + 587,140 1,934,998 Federal agency securities (2) 812,727 + 160 - 141,686 811,091 Securities lent to dealers 27,479 - 6,426 - 79,221 27,256 Overnight facility (3) 10,072 + 3,517 + 339 11,506 Term facility (4,5) 17,407 - 9,943 - 79,560 15,750 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 10, 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 10, 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 101,631 234,935 --- --- --- --- 336,566 Other loans (1) 33,188 22,353 79 68,372 0 --- 123,992 U.S. Treasury securities (2) Holdings 13,172 27,937 60,945 255,193 153,118 118,325 628,690 Weekly changes - 3,520 + 3,520 + 3 + 7,523 + 14,984 + 12 + 22,522 Federal agency debt securities (3) Holdings 0 196 6,167 59,370 19,820 816 86,369 Weekly changes 0 0 0 + 4,398 0 0 + 4,398 Mortgage-backed securities (4) Holdings 0 0 0 0 0 427,416 427,416 Weekly changes 0 0 0 0 0 - 217 - 217 Commercial paper held by Commercial Paper Funding Facility LLC (5) 19,151 116,148 0 --- --- --- 135,299 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) 92,229 72,005 0 0 0 0 164,234 Reverse repurchase agreements (7) 67,043 0 --- --- --- --- 67,043 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 10, 2009 Mortgage-backed securities held outright (1) 427,416 Commitments to buy mortgage-backed securities (2) 264,225 Commitments to sell mortgage-backed securities (2) 147,905 Cash and cash equivalents (3) 225 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 10, 2009 Net portfolio holdings of Maiden Lane LLC (1) 25,882 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) 332 Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3) 1,214 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 10, 2009 Net portfolio holdings of Maiden Lane II LLC (1) 15,941 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 17,553 Accrued interest payable to the Federal Reserve Bank of New York (2) 147 Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc. (3) 1,018 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 10, 2009 Net portfolio holdings of Maiden Lane III LLC (1) 20,010 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 22,400 Accrued interest payable to the Federal Reserve Bank of New York (2) 198 Outstanding principal amount and accrued interest on loan payable to American International Group, Inc. (3) 5,099 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 10, 2009 Commercial paper holdings, net (1) 134,673 Other investments, net 3,767 Net portfolio holdings of Commercial Paper Funding Facility LLC 138,440 Memorandum: Commercial paper holdings, face value 135,299 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 134,446 Accrued interest payable to the Federal Reserve Bank of New York (2) 43 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 10, 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 10, 2009 Jun 3, 2009 Jun 11, 2008 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 2,200 0 0 Coin 1,781 - 4 + 442 Securities, repurchase agreements, term auction credit, and other loans 1,603,033 - 9,519 + 830,673 Securities held outright 1,142,475 + 26,703 + 660,402 U.S. Treasury securities (1) 628,690 + 22,522 + 146,617 Bills (2) 18,423 0 - 6,720 Notes and bonds, nominal (2) 562,516 + 22,494 + 150,124 Notes and bonds, inflation-indexed (2) 42,803 0 + 3,632 Inflation compensation (3) 4,948 + 27 - 420 Federal agency debt securities (2) 86,369 + 4,398 + 86,369 Mortgage-backed securities (4) 427,416 - 217 + 427,416 Repurchase agreements (5) 0 0 - 118,250 Term auction credit 336,566 - 35,974 + 186,566 Other loans 123,992 - 247 + 101,955 Net portfolio holdings of Commercial Paper Funding Facility LLC (6) 138,440 - 4,195 + 138,440 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) 25,882 + 51 + 25,882 Net portfolio holdings of Maiden Lane II LLC (9) 15,941 - 322 + 15,941 Net portfolio holdings of Maiden Lane III LLC (10) 20,010 - 436 + 20,010 Items in process of collection (336) 592 - 553 - 544 Bank premises 2,196 + 2 + 47 Central bank liquidity swaps (11) 164,234 - 11,508 + 102,234 Other assets (12) 68,475 + 1,064 + 28,632 Total assets (336) 2,053,821 - 25,420 +1,161,757 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 10, 2009 Jun 3, 2009 Jun 11, 2008 Liabilities Federal Reserve notes, net of F.R. Bank holdings 868,431 - 343 + 82,033 Reverse repurchase agreements (13) 67,043 - 377 + 27,288 Deposits (0) 1,063,328 - 24,253 +1,044,221 Depository institutions 815,657 - 29,020 + 801,288 U.S. Treasury, general account 17,166 - 20,468 + 12,797 U.S. Treasury, supplementary financing account 199,936 + 3 + 199,936 Foreign official 2,509 + 608 + 2,409 Other (0) 28,061 + 24,625 + 27,792 Deferred availability cash items (336) 2,869 - 582 + 133 Other liabilities and accrued dividends (14) 6,042 - 275 + 2,336 Total liabilities (336) 2,007,714 - 25,830 +1,156,013 Capital accounts Capital paid in 24,245 + 179 + 4,314 Surplus 20,415 + 570 + 1,929 Other capital accounts 1,447 - 339 - 499 Total capital 46,107 + 410 + 5,744 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 10, 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 1,781 64 72 149 143 235 206 220 40 61 128 178 287 Securities, repurchase agreements, term auction credit, and other loans 1,603,033 56,609 760,321 36,760 51,805 85,901 144,287 130,741 48,071 19,500 53,831 59,204 156,004 Securities held outright 1,142,475 21,916 446,566 17,724 45,137 41,171 137,653 123,628 44,758 18,914 51,570 55,240 138,198 U.S. Treasury securities (1) 628,690 12,060 245,740 9,754 24,838 22,656 75,748 68,031 24,630 10,408 28,379 30,398 76,048 Bills (2) 18,423 353 7,201 286 728 664 2,220 1,994 722 305 832 891 2,228 Notes and bonds (3) 610,268 11,707 238,539 9,468 24,110 21,992 73,529 66,038 23,908 10,103 27,547 29,507 73,820 Federal agency debt securities (2) 86,369 1,657 33,760 1,340 3,412 3,112 10,406 9,346 3,384 1,430 3,899 4,176 10,447 Mortgage-backed securities (4) 427,416 8,199 167,066 6,631 16,886 15,403 51,498 46,251 16,745 7,076 19,293 20,666 51,702 Repurchase agreements (5) 0 0 0 0 0 0 0 0 0 0 0 0 0 Term auction credit 336,566 14,332 214,382 18,878 6,668 44,001 6,439 5,445 3,256 392 2,233 3,840 16,701 Other loans 123,992 20,361 99,374 158 0 728 195 1,668 57 194 28 124 1,106 Net portfolio holdings of Commercial Paper Funding Facility LLC (6) 138,440 0 138,440 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) 25,882 0 25,882 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of Maiden Lane II LLC (9) 15,941 0 15,941 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of Maiden Lane III LLC (10) 20,010 0 20,010 0 0 0 0 0 0 0 0 0 0 Items in process of collection 928 38 0 191 99 68 80 95 97 61 61 67 70 Bank premises 2,196 122 216 67 147 237 222 207 135 112 271 248 213 Central bank liquidity swaps (11) 164,234 6,645 42,479 18,222 12,217 47,071 12,686 5,537 1,650 2,553 1,637 2,133 11,404 Other assets (12) 68,475 1,861 23,813 3,396 3,525 8,677 7,107 5,460 1,970 1,121 2,203 2,432 6,908 Interdistrict settlement account 0 + 12,817 - 58,684 - 722 + 11,341 + 110,518 - 20,390 - 38,488 - 16,202 - 1,001 - 8,510 - 2,076 + 11,397 Total assets 2,054,157 78,682 973,260 58,597 79,846 253,736 145,720 104,895 36,160 22,634 50,022 62,906 187,698 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 10, 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 1,050,957 36,435 375,759 40,257 45,212 81,088 132,148 87,334 31,266 20,005 28,781 62,623 110,047 Less: Notes held by F.R. Banks 182,526 4,880 57,299 5,738 7,889 12,131 27,712 13,028 4,126 2,984 3,247 19,168 24,325 Federal Reserve notes, net 868,431 31,556 318,460 34,519 37,323 68,958 104,436 74,306 27,140 17,021 25,534 43,455 85,722 Reverse repurchase agreements (13) 67,043 1,286 26,206 1,040 2,649 2,416 8,078 7,255 2,626 1,110 3,026 3,242 8,110 Deposits 1,063,328 43,758 613,153 17,303 36,084 168,699 29,279 20,982 5,595 2,931 20,677 15,229 89,637 Depository institutions 815,657 43,731 365,619 17,298 36,080 168,615 29,276 20,980 5,589 2,930 20,676 15,229 89,635 U.S. Treasury, general account 17,166 0 17,166 0 0 0 0 0 0 0 0 0 0 U.S. Treasury, supplementary financing account 199,936 0 199,936 0 0 0 0 0 0 0 0 0 0 Foreign official 2,509 2 2,480 4 3 11 3 1 0 1 0 1 3 Other 28,061 26 27,953 0 1 73 0 1 6 0 1 0 0 Deferred availability cash items 3,205 97 0 544 337 135 288 352 126 316 197 208 604 Other liabilities and accrued dividends (14) 6,042 141 3,250 192 213 515 403 339 169 120 141 191 368 Total liabilities 2,008,050 76,838 961,069 53,598 76,607 240,723 142,484 103,234 35,657 21,497 49,577 62,325 184,441 Capital Capital paid in 24,245 920 7,245 2,607 1,620 6,556 1,562 791 238 633 207 273 1,592 Surplus 20,415 844 4,945 2,316 1,552 5,981 1,612 704 210 324 208 271 1,449 Other capital 1,447 79 0 77 68 475 62 166 56 180 30 37 215 Total liabilities and capital 2,054,157 78,682 973,260 58,597 79,846 253,736 145,720 104,895 36,160 22,634 50,022 62,906 187,698 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 10, 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 10, 2009 Federal Reserve notes outstanding 1,050,957 Less: Notes held by F.R. Banks not subject to collateralization 182,526 Federal Reserve notes to be collateralized 868,431 Collateral held against Federal Reserve notes 868,431 Gold certificate account 11,037 Special drawing rights certificate account 2,200 U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 855,194 Other assets pledged 0 Memo: Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 1,142,475 Less: Face value of securities under reverse repurchase agreements 68,566 U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 1,073,909 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.