FEDERAL RESERVE statistical release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks August 20, 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 Aug 19, 2009 Aug 12, 2009 Aug 20, 2008 Aug 19, 2009 Reserve Bank credit 2,034,701 + 45,433 +1,144,378 2,036,967 Securities held outright (1) 1,448,821 + 76,129 + 969,321 1,457,405 U.S. Treasury securities 731,039 + 10,129 + 251,539 736,086 Bills (2) 18,423 0 - 3,317 18,423 Notes and bonds, nominal (2) 662,470 + 10,032 + 250,739 667,481 Notes and bonds, inflation-indexed (2) 44,588 0 + 4,756 44,588 Inflation compensation (3) 5,559 + 97 - 638 5,595 Federal agency debt securities (2) 110,768 + 1,872 + 110,768 111,787 Mortgage-backed securities (4) 607,014 + 64,129 + 607,014 609,531 Repurchase agreements (5) 0 0 - 107,714 0 Term auction credit 221,081 - 12,517 + 71,081 221,081 Other loans 107,144 + 1,167 + 89,535 106,292 Primary credit 30,711 - 3,223 + 13,198 29,942 Secondary credit 710 - 95 + 710 620 Seasonal credit 118 + 13 + 23 123 Primary dealer and other broker-dealer credit (6) 0 0 0 0 Asset-Backed Commercial Paper Money Market Mutual Fund Liquidity Facility 113 0 + 113 113 Credit extended to American International Group, Inc., net (7) 39,199 - 1,990 + 39,199 39,214 Term Asset-Backed Securities Loan Facility 36,292 + 6,461 + 36,292 36,280 Other credit extensions 0 0 0 0 Net portfolio holdings of Commercial Paper Funding Facility LLC (8) 56,512 - 3,516 + 56,512 53,742 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) 25,988 + 34 - 3,195 25,982 Net portfolio holdings of Maiden Lane II LLC (11) 14,822 + 7 + 14,822 14,841 Net portfolio holdings of Maiden Lane III LLC (12) 20,862 + 103 + 20,862 20,875 Float -1,885 + 260 - 945 -2,168 Central bank liquidity swaps (13) 69,141 - 7,142 + 2,141 69,141 Other Federal Reserve assets (14) 72,215 - 9,092 + 31,958 69,776 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding (15) 42,457 + 14 + 3,781 42,445 Total factors supplying reserve funds 2,090,399 + 45,447 +1,148,159 2,092,652 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 Aug 19, 2009 Aug 12, 2009 Aug 20, 2008 Aug 19, 2009 Currency in circulation (15) 910,895 - 685 + 80,878 911,755 Reverse repurchase agreements (16) 68,148 - 2,156 + 23,693 68,369 Foreign official and international accounts 68,148 - 2,156 + 23,693 68,369 Dealers 0 0 0 0 Treasury cash holdings 261 - 25 - 36 276 Deposits with F.R. Banks, other than reserve balances 244,826 - 13,555 + 232,461 248,424 U.S. Treasury, general account 29,767 - 18,450 + 25,002 40,294 U.S. Treasury, supplementary financing account 199,930 - 3 + 199,930 199,930 Foreign official 3,355 - 59 + 3,252 3,235 Service-related 4,615 - 504 - 2,564 4,615 Required clearing balances 4,615 - 504 - 2,561 4,615 Adjustments to compensate for float 0 0 - 3 0 Other 7,159 + 5,462 + 6,841 349 Other liabilities and capital (17) 58,898 + 1,265 + 14,907 58,778 Total factors, other than reserve balances, absorbing reserve funds 1,283,028 - 15,155 + 351,903 1,287,601 Reserve balances with Federal Reserve Banks 807,371 + 60,603 + 796,256 805,051 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. Includes outstanding principal and capitalized interest net of unamortized deferred commitment fees and allowance for loan restructuring. 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 Aug 19, 2009 Aug 12, 2009 Aug 20, 2008 Aug 19, 2009 Marketable securities held in custody for foreign official and international accounts (1) 2,814,079 - 1,538 + 408,215 2,817,030 U.S. Treasury securities 2,029,642 - 2,753 + 598,788 2,032,043 Federal agency securities (2) 784,436 + 1,214 - 190,574 784,988 Securities lent to dealers 14,062 + 813 - 110,749 13,150 Overnight facility (3) 13,677 + 3,128 + 7,854 13,150 U.S. Treasury securities 13,474 + 3,101 + 7,651 12,984 Federal agency debt securities 202 + 26 + 202 166 Term facility (4) 386 - 2,314 - 118,603 0 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. U.S. Treasury securities only. Fully collateralized by U.S. Treasury securities, federal agency securities, and other highly rated debt securities. 2. Maturity Distribution of Term Auction Credit, Other Loans, and Securities, August 19, 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 82,375 138,706 --- --- --- --- 221,081 Other loans (1) 22,972 7,826 0 75,494 0 --- 106,292 U.S. Treasury securities (2) Holdings 15,418 21,958 58,903 306,425 200,217 133,166 736,086 Weekly changes - 10,807 + 9,294 - 5,669 + 11,005 + 7,563 - 4,273 + 7,112 Federal agency debt securities (3) Holdings 0 750 14,921 70,801 23,444 1,871 111,787 Weekly changes 0 0 + 1,359 + 170 + 255 0 + 1,784 Mortgage-backed securities (4) Holdings 0 0 0 0 0 609,531 609,531 Weekly changes 0 0 0 0 0 + 66,646 + 66,646 Commercial paper held by Commercial Paper Funding Facility LLC (5) 6,214 43,241 0 --- --- --- 49,455 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) 54,353 14,788 0 0 0 0 69,141 Reverse repurchase agreements (7) 68,369 0 --- --- --- --- 68,369 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 Aug 19, 2009 Mortgage-backed securities held outright (1) 609,531 Commitments to buy mortgage-backed securities (2) 132,770 Commitments to sell mortgage-backed securities (2) 1,430 Cash and cash equivalents (3) 1,351 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 Aug 19, 2009 Net portfolio holdings of Maiden Lane LLC (1) 25,982 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) 359 Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3) 1,226 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 June 30, 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 Aug 19, 2009 Net portfolio holdings of Maiden Lane II LLC (1) 14,841 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 16,899 Accrued interest payable to the Federal Reserve Bank of New York (2) 190 Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc. (3) 1,024 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 June 30, 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 Aug 19, 2009 Net portfolio holdings of Maiden Lane III LLC (1) 20,875 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 20,196 Accrued interest payable to the Federal Reserve Bank of New York (2) 252 Outstanding principal amount and accrued interest on loan payable to American International Group, Inc. (3) 5,132 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 June 30, 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 Aug 19, 2009 Commercial paper holdings, net (1) 49,229 Other investments, net 4,513 Net portfolio holdings of Commercial Paper Funding Facility LLC 53,742 Memorandum: Commercial paper holdings, face value 49,455 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 49,128 Accrued interest payable to the Federal Reserve Bank of New York (2) 12 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 Aug 19, 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 Aug 19, 2009 Aug 12, 2009 Aug 20, 2008 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 2,200 0 0 Coin 1,907 - 6 + 505 Securities, repurchase agreements, term auction credit, and other loans 1,784,777 + 60,133 +1,035,926 Securities held outright (1) 1,457,405 + 75,543 + 977,867 U.S. Treasury securities 736,086 + 7,112 + 256,548 Bills (2) 18,423 0 - 3,317 Notes and bonds, nominal (2) 667,481 + 7,016 + 255,750 Notes and bonds, inflation-indexed (2) 44,588 0 + 4,756 Inflation compensation (3) 5,595 + 97 - 640 Federal agency debt securities (2) 111,787 + 1,784 + 111,787 Mortgage-backed securities (4) 609,531 + 66,646 + 609,531 Repurchase agreements (5) 0 0 - 100,750 Term auction credit 221,081 - 12,517 + 71,081 Other loans 106,292 - 2,892 + 87,729 Net portfolio holdings of Commercial Paper Funding Facility LLC (6) 53,742 - 4,310 + 53,742 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) 25,982 - 6 - 3,225 Net portfolio holdings of Maiden Lane II LLC (9) 14,841 + 23 + 14,841 Net portfolio holdings of Maiden Lane III LLC (10) 20,875 + 15 + 20,875 Items in process of collection (642) 371 - 91 - 567 Bank premises 2,217 + 3 + 54 Central bank liquidity swaps (11) 69,141 - 6,070 + 2,141 Other assets (12) 76,698 - 3,534 + 39,383 Total assets (642) 2,063,789 + 46,157 +1,163,676 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 Aug 19, 2009 Aug 12, 2009 Aug 20, 2008 Liabilities Federal Reserve notes, net of F.R. Bank holdings 871,488 - 1,311 + 77,785 Reverse repurchase agreements (13) 68,369 + 699 + 24,763 Deposits (0) 1,062,614 + 45,201 +1,046,563 Depository institutions 818,806 + 41,780 + 808,343 U.S. Treasury, general account 40,294 + 4,536 + 35,117 U.S. Treasury, supplementary financing account 199,930 - 3 + 199,930 Foreign official 3,235 + 196 + 3,133 Other (0) 349 - 1,308 + 39 Deferred availability cash items (642) 2,538 + 7 - 94 Other liabilities and accrued dividends (14) 8,243 + 858 + 4,558 Total liabilities (642) 2,013,254 + 45,457 +1,153,576 Capital accounts Capital paid in 24,657 + 54 + 4,468 Surplus 21,322 + 8 + 2,815 Other capital accounts 4,555 + 638 + 2,815 Total capital 50,535 + 701 + 10,099 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, August 19, 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 1,907 62 74 159 157 248 232 228 40 60 138 202 309 Securities, repurchase agreements, term auction credit, and other loans 1,784,777 36,585 853,983 30,626 61,252 54,944 177,949 162,247 59,353 24,734 67,816 72,479 182,810 Securities held outright (1) 1,457,405 27,958 569,664 22,610 57,579 52,521 175,597 157,707 57,096 24,128 65,786 70,468 176,292 U.S. Treasury securities 736,086 14,120 287,718 11,420 29,081 26,526 88,688 79,652 28,837 12,186 33,226 35,591 89,039 Bills (2) 18,423 353 7,201 286 728 664 2,220 1,994 722 305 832 891 2,228 Notes and bonds (3) 717,664 13,767 280,517 11,134 28,353 25,862 86,469 77,659 28,115 11,881 32,395 34,700 86,811 Federal agency debt securities (2) 111,787 2,144 43,695 1,734 4,416 4,028 13,469 12,097 4,379 1,851 5,046 5,405 13,522 Mortgage-backed securities (4) 609,531 11,693 238,251 9,456 24,081 21,966 73,440 65,958 23,879 10,091 27,514 29,472 73,731 Repurchase agreements (5) 0 0 0 0 0 0 0 0 0 0 0 0 0 Term auction credit 221,081 8,324 181,676 7,961 3,665 1,904 2,025 3,421 2,187 438 2,029 1,871 5,580 Other loans 106,292 303 102,643 54 8 519 327 1,119 70 168 1 141 938 Net portfolio holdings of Commercial Paper Funding Facility LLC (6) 53,742 0 53,742 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) 25,982 0 25,982 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of Maiden Lane II LLC (9) 14,841 0 14,841 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of Maiden Lane III LLC (10) 20,875 0 20,875 0 0 0 0 0 0 0 0 0 0 Items in process of collection 1,013 35 0 102 87 44 397 73 68 52 41 68 47 Bank premises 2,217 121 234 69 146 240 222 207 134 112 270 249 213 Central bank liquidity swaps (11) 69,141 2,810 17,662 7,705 5,165 19,902 5,364 2,341 698 1,080 692 902 4,822 Other assets (12) 76,698 2,028 26,860 3,591 3,881 9,136 8,062 6,321 2,276 1,261 2,562 2,817 7,902 Interdistrict settlement account 0 + 10,895 + 37,113 + 14,102 - 11,230 + 168,172 - 45,821 - 68,490 - 26,737 - 5,188 - 29,066 - 10,049 - 33,702 Total assets 2,064,431 53,063 1,056,135 56,885 60,031 253,715 147,928 104,050 36,231 22,338 42,855 67,386 163,816 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, August 19, 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 1,058,511 35,660 384,905 39,762 44,967 82,986 131,361 85,970 31,032 19,745 28,881 62,754 110,488 Less: Notes held by F.R. Banks 187,022 4,844 57,844 7,021 9,182 12,740 26,152 13,625 4,540 3,347 3,595 17,758 26,373 Federal Reserve notes, net 871,488 30,816 327,061 32,741 35,785 70,246 105,209 72,345 26,492 16,397 25,286 44,996 84,114 Reverse repurchase agreements (13) 68,369 1,312 26,724 1,061 2,701 2,464 8,238 7,398 2,678 1,132 3,086 3,306 8,270 Deposits 1,062,614 18,812 682,424 17,366 17,615 166,724 30,309 21,815 6,216 3,108 13,624 17,677 66,925 Depository institutions 818,806 18,806 438,783 17,361 17,611 166,613 30,306 21,805 6,199 3,107 13,622 17,676 66,916 U.S. Treasury, general account 40,294 0 40,294 0 0 0 0 0 0 0 0 0 0 U.S. Treasury, supplementary financing account 199,930 0 199,930 0 0 0 0 0 0 0 0 0 0 Foreign official 3,235 2 3,206 4 3 11 3 1 0 1 0 1 3 Other 349 5 212 0 1 99 0 9 16 0 1 0 6 Deferred availability cash items 3,181 101 0 352 347 115 267 279 100 305 182 542 590 Other liabilities and accrued dividends (14) 8,243 155 4,765 169 246 458 582 501 228 133 212 264 530 Total liabilities 2,013,896 51,195 1,040,975 51,689 56,695 240,007 144,604 102,337 35,713 21,076 42,390 66,785 160,429 Capital Capital paid in 24,657 921 7,292 2,607 1,636 6,886 1,562 796 237 621 209 274 1,619 Surplus 21,322 844 5,852 2,316 1,552 5,982 1,612 704 209 324 208 271 1,449 Other capital 4,555 102 2,016 273 148 840 150 214 71 317 48 56 319 Total liabilities and capital 2,064,431 53,063 1,056,135 56,885 60,031 253,715 147,928 104,050 36,231 22,338 42,855 67,386 163,816 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, August 19, 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 Aug 19, 2009 Federal Reserve notes outstanding 1,058,511 Less: Notes held by F.R. Banks not subject to collateralization 187,022 Federal Reserve notes to be collateralized 871,488 Collateral held against Federal Reserve notes 871,488 Gold certificate account 11,037 Special drawing rights certificate account 2,200 U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 858,252 Other assets pledged 0 Memo: Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 1,457,405 Less: Face value of securities under reverse repurchase agreements 68,138 U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 1,389,267 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.