FEDERAL RESERVE statistical release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks June 18, 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 17, 2009 Jun 10, 2009 Jun 18, 2008 Jun 17, 2009 Reserve Bank credit 2,055,121 + 29,406 +1,177,202 2,056,342 Securities held outright 1,176,290 + 42,766 + 697,580 1,184,397 U.S. Treasury securities (1) 633,129 + 10,877 + 154,419 638,668 Bills (2) 18,423 0 - 3,317 18,423 Notes and bonds, nominal (2) 566,937 + 10,849 + 154,545 572,466 Notes and bonds, inflation-indexed (2) 42,803 0 + 3,632 42,803 Inflation compensation (3) 4,966 + 28 - 441 4,976 Federal agency debt securities (2) 87,824 + 3,968 + 87,824 89,765 Mortgage-backed securities (4) 455,337 + 27,921 + 455,337 455,964 Repurchase agreements (5) 0 0 - 124,643 0 Term auction credit 336,566 0 + 186,566 336,566 Other loans 123,738 + 4,128 + 101,723 122,972 Primary credit 36,182 - 692 + 22,811 36,595 Secondary credit 0 - 1 0 0 Seasonal credit 22 + 9 - 48 28 Primary dealer and other broker-dealer credit (6) 0 0 - 8,574 0 Asset-Backed Commercial Paper Money Market Mutual Fund Liquidity Facility 19,410 - 1,748 + 19,410 18,598 Credit extended to American International Group, Inc. (7) 42,904 - 594 + 42,904 42,535 Term Asset-Backed Securities Loan Facility 25,219 + 7,152 + 25,219 25,216 Other credit extensions 0 0 0 0 Net portfolio holdings of Commercial Paper Funding Facility LLC (8) 136,003 - 4,824 + 136,003 132,082 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) 25,881 + 42 + 25,881 25,875 Net portfolio holdings of Maiden Lane II LLC (11) 15,943 + 4 + 15,943 15,954 Net portfolio holdings of Maiden Lane III LLC (12) 20,029 + 153 + 20,029 20,142 Float -2,135 + 51 - 842 -2,153 Central bank liquidity swaps (13) 150,282 - 15,574 + 88,282 148,563 Other Federal Reserve assets (14) 72,525 + 2,661 + 30,681 71,945 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding (15) 42,415 + 14 + 3,674 42,415 Total factors supplying reserve funds 2,110,777 + 29,419 +1,180,876 2,111,998 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 17, 2009 Jun 10, 2009 Jun 18, 2008 Jun 17, 2009 Currency in circulation (15) 907,329 - 221 + 84,689 907,846 Reverse repurchase agreements (16) 69,091 + 1,983 + 28,837 70,166 Foreign official and international accounts 69,091 + 1,983 + 28,837 70,166 Dealers 0 0 0 0 Treasury cash holdings 305 + 6 + 26 313 Deposits with F.R. Banks, other than reserve balances 262,248 + 12,266 + 249,813 340,145 U.S. Treasury, general account 42,257 + 10,865 + 37,331 132,837 U.S. Treasury, supplementary financing account 199,939 + 3 + 199,939 199,939 Foreign official 3,144 + 1,087 + 3,044 2,858 Service-related 4,217 + 1 - 2,916 4,217 Required clearing balances 4,217 + 1 - 2,916 4,217 Adjustments to compensate for float 0 0 0 0 Other 12,692 + 311 + 12,416 294 Other liabilities and capital (17) 54,188 + 2,135 + 10,163 53,809 Total factors, other than reserve balances, absorbing reserve funds 1,293,162 + 16,170 + 373,528 1,372,279 Reserve balances with Federal Reserve Banks 817,616 + 13,250 + 807,349 739,719 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 17, 2009 Jun 10, 2009 Jun 18, 2008 Jun 17, 2009 Marketable securities held in custody for foreign official and international accounts (1) 2,751,710 + 2,114 + 434,664 2,752,483 U.S. Treasury securities 1,941,474 + 4,605 + 581,547 1,945,646 Federal agency securities (2) 810,236 - 2,491 - 146,883 806,837 Securities lent to dealers 26,355 - 1,124 - 93,011 26,839 Overnight facility (3) 10,605 + 533 + 3,159 11,089 Term facility (4,5) 15,750 - 1,657 - 96,170 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 17, 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 17, 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 197,219 139,347 --- --- --- --- 336,566 Other loans (1) 33,516 21,627 79 67,751 0 --- 122,972 U.S. Treasury securities (2) Holdings 17,661 22,908 61,204 261,617 153,325 121,952 638,668 Weekly changes + 4,489 - 5,029 + 259 + 6,424 + 207 + 3,627 + 9,978 Federal agency debt securities (3) Holdings 0 946 5,926 62,251 19,826 816 89,765 Weekly changes 0 + 750 - 241 + 2,881 + 6 0 + 3,396 Mortgage-backed securities (4) Holdings 0 0 0 0 0 455,964 455,964 Weekly changes 0 0 0 0 0 + 28,548 + 28,548 Commercial paper held by Commercial Paper Funding Facility LLC (5) 19,391 109,410 0 --- --- --- 128,801 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) 87,576 60,987 0 0 0 0 148,563 Reverse repurchase agreements (7) 70,166 0 --- --- --- --- 70,166 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 17, 2009 Mortgage-backed securities held outright (1) 455,964 Commitments to buy mortgage-backed securities (2) 145,381 Commitments to sell mortgage-backed securities (2) 41,494 Cash and cash equivalents (3) 1,248 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 17, 2009 Net portfolio holdings of Maiden Lane LLC (1) 25,875 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) 334 Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3) 1,215 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 17, 2009 Net portfolio holdings of Maiden Lane II LLC (1) 15,954 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) 151 Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc. (3) 1,019 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 17, 2009 Net portfolio holdings of Maiden Lane III LLC (1) 20,142 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) 204 Outstanding principal amount and accrued interest on loan payable to American International Group, Inc. (3) 5,102 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 17, 2009 Commercial paper holdings, net (1) 128,250 Other investments, net 3,832 Net portfolio holdings of Commercial Paper Funding Facility LLC 132,082 Memorandum: Commercial paper holdings, face value 128,801 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 127,997 Accrued interest payable to the Federal Reserve Bank of New York (2) 44 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 17, 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 17, 2009 Jun 10, 2009 Jun 18, 2008 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 2,200 0 0 Coin 1,781 0 + 452 Securities, repurchase agreements, term auction credit, and other loans 1,643,934 + 40,901 + 859,811 Securities held outright 1,184,397 + 41,922 + 705,663 U.S. Treasury securities (1) 638,668 + 9,978 + 159,934 Bills (2) 18,423 0 - 3,317 Notes and bonds, nominal (2) 572,466 + 9,950 + 160,074 Notes and bonds, inflation-indexed (2) 42,803 0 + 3,632 Inflation compensation (3) 4,976 + 28 - 455 Federal agency debt securities (2) 89,765 + 3,396 + 89,765 Mortgage-backed securities (4) 455,964 + 28,548 + 455,964 Repurchase agreements (5) 0 0 - 133,500 Term auction credit 336,566 0 + 186,566 Other loans 122,972 - 1,020 + 101,083 Net portfolio holdings of Commercial Paper Funding Facility LLC (6) 132,082 - 6,358 + 132,082 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) 25,875 - 7 + 25,875 Net portfolio holdings of Maiden Lane II LLC (9) 15,954 + 13 + 15,954 Net portfolio holdings of Maiden Lane III LLC (10) 20,142 + 132 + 20,142 Items in process of collection (410) 719 + 127 - 302 Bank premises 2,200 + 4 + 46 Central bank liquidity swaps (11) 148,563 - 15,671 + 86,563 Other assets (12) 69,752 + 1,277 + 29,873 Total assets (410) 2,074,239 + 20,418 +1,170,495 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 17, 2009 Jun 10, 2009 Jun 18, 2008 Liabilities Federal Reserve notes, net of F.R. Bank holdings 867,521 - 910 + 80,987 Reverse repurchase agreements (13) 70,166 + 3,123 + 28,357 Deposits (0) 1,079,880 + 16,552 +1,051,192 Depository institutions 743,952 - 71,705 + 719,803 U.S. Treasury, general account 132,837 + 115,671 + 128,665 U.S. Treasury, supplementary financing account 199,939 + 3 + 199,939 Foreign official 2,858 + 349 + 2,757 Other (0) 294 - 27,767 + 27 Deferred availability cash items (410) 2,863 - 6 + 61 Other liabilities and accrued dividends (14) 6,480 + 438 + 2,797 Total liabilities (410) 2,026,910 + 19,196 +1,163,394 Capital accounts Capital paid in 24,247 + 2 + 4,369 Surplus 21,170 + 755 + 2,684 Other capital accounts 1,913 + 466 + 49 Total capital 47,330 + 1,223 + 7,103 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 17, 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 63 72 148 141 234 209 219 40 60 129 179 288 Securities, repurchase agreements, term auction credit, and other loans 1,643,934 55,850 777,170 37,450 53,514 87,544 149,328 135,173 49,723 20,192 55,718 61,134 161,138 Securities held outright 1,184,397 22,720 462,952 18,375 46,793 42,682 142,703 128,164 46,400 19,608 53,463 57,267 143,269 U.S. Treasury securities (1) 638,668 12,252 249,640 9,908 25,233 23,016 76,951 69,111 25,021 10,573 28,829 30,881 77,255 Bills (2) 18,423 353 7,201 286 728 664 2,220 1,994 722 305 832 891 2,228 Notes and bonds (3) 620,245 11,898 242,439 9,623 24,505 22,352 74,731 67,117 24,299 10,268 27,997 29,990 75,027 Federal agency debt securities (2) 89,765 1,722 35,087 1,393 3,546 3,235 10,815 9,714 3,517 1,486 4,052 4,340 10,858 Mortgage-backed securities (4) 455,964 8,747 178,225 7,074 18,014 16,432 54,937 49,340 17,863 7,549 20,582 22,046 55,155 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 122,972 18,798 99,837 197 53 861 186 1,563 67 192 23 26 1,169 Net portfolio holdings of Commercial Paper Funding Facility LLC (6) 132,082 0 132,082 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) 25,875 0 25,875 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of Maiden Lane II LLC (9) 15,954 0 15,954 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of Maiden Lane III LLC (10) 20,142 0 20,142 0 0 0 0 0 0 0 0 0 0 Items in process of collection 1,130 30 0 136 85 153 322 89 67 64 50 73 61 Bank premises 2,200 122 219 67 147 237 222 207 135 112 271 248 213 Central bank liquidity swaps (11) 148,563 6,009 38,467 16,477 11,047 42,563 11,471 5,007 1,492 2,309 1,480 1,929 10,312 Other assets (12) 69,752 1,886 24,314 3,531 3,568 8,751 7,211 5,579 1,989 1,136 2,254 2,485 7,049 Interdistrict settlement account 0 + 4,740 - 27,741 + 583 + 10,078 + 108,151 - 21,992 - 43,432 - 17,769 - 1,572 - 11,671 - 3,180 + 3,805 Total assets 2,074,650 69,227 1,011,323 58,927 79,150 248,662 148,293 103,964 36,077 22,528 48,632 63,586 184,281 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 17, 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 1,052,256 36,466 377,051 40,277 45,184 81,813 131,870 87,294 31,217 19,995 28,745 62,468 109,875 Less: Notes held by F.R. Banks 184,735 4,911 58,044 5,992 8,292 12,281 27,589 13,116 4,099 2,990 3,319 19,405 24,697 Federal Reserve notes, net 867,521 31,555 319,007 34,285 36,891 69,532 104,282 74,178 27,118 17,004 25,426 43,063 85,179 Reverse repurchase agreements (13) 70,166 1,346 27,426 1,089 2,772 2,529 8,454 7,593 2,749 1,162 3,167 3,393 8,487 Deposits 1,079,880 34,224 648,411 17,882 35,599 162,768 31,521 19,794 5,413 2,769 19,226 16,109 86,164 Depository institutions 743,952 34,213 312,601 17,878 35,595 162,686 31,518 19,792 5,407 2,768 19,225 16,108 86,161 U.S. Treasury, general account 132,837 0 132,837 0 0 0 0 0 0 0 0 0 0 U.S. Treasury, supplementary financing account 199,939 0 199,939 0 0 0 0 0 0 0 0 0 0 Foreign official 2,858 2 2,828 4 3 11 3 1 0 1 0 1 3 Other 294 9 205 0 1 71 0 1 6 0 1 0 0 Deferred availability cash items 3,273 85 0 444 372 220 277 325 100 314 194 220 724 Other liabilities and accrued dividends (14) 6,480 150 3,532 197 224 538 436 360 174 122 152 199 396 Total liabilities 2,027,320 67,360 998,376 53,898 75,858 235,587 144,970 102,250 35,554 21,371 48,165 62,983 180,950 Capital Capital paid in 24,247 920 7,247 2,607 1,620 6,556 1,562 791 238 633 207 273 1,592 Surplus 21,170 844 5,700 2,316 1,552 5,981 1,612 704 210 324 208 271 1,449 Other capital 1,913 102 0 106 121 538 150 220 76 200 52 59 289 Total liabilities and capital 2,074,650 69,227 1,011,323 58,927 79,150 248,662 148,293 103,964 36,077 22,528 48,632 63,586 184,281 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 17, 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 17, 2009 Federal Reserve notes outstanding 1,052,256 Less: Notes held by F.R. Banks not subject to collateralization 184,735 Federal Reserve notes to be collateralized 867,521 Collateral held against Federal Reserve notes 867,521 Gold certificate account 11,037 Special drawing rights certificate account 2,200 U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 854,284 Other assets pledged 0 Memo: Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 1,184,397 Less: Face value of securities under reverse repurchase agreements 67,445 U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 1,116,952 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.