FEDERAL RESERVE statistical release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks September 24, 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 Sep 23, 2009 Sep 16, 2009 Sep 24, 2008 Sep 23, 2009 Reserve Bank credit 2,132,612 + 44,058 + 998,352 2,141,055 Securities held outright (1) 1,578,868 + 46,121 +1,098,596 1,588,434 U.S. Treasury securities 762,747 + 4,694 + 286,190 765,633 Bills (2) 18,423 0 0 18,423 Notes and bonds, nominal (2) 694,030 + 4,712 + 282,299 696,923 Notes and bonds, inflation-indexed (2) 44,588 0 + 4,756 44,588 Inflation compensation (3) 5,706 - 19 - 866 5,699 Federal agency debt securities (2) 126,893 + 2,901 + 123,179 129,206 Mortgage-backed securities (4) 689,228 + 38,526 + 689,228 693,595 Repurchase agreements (5) 0 0 - 111,714 0 Term auction credit 196,020 0 + 46,020 196,020 Other loans 111,069 - 421 - 76,684 109,981 Primary credit 28,186 - 495 - 11,171 28,505 Secondary credit 577 + 16 + 558 583 Seasonal credit 121 + 8 + 26 125 Primary dealer and other broker-dealer credit (6) 0 0 - 88,147 0 Asset-Backed Commercial Paper Money Market Mutual Fund Liquidity Facility 79 0 - 21,681 79 Credit extended to American International Group, Inc., net (7) 39,110 - 318 + 735 38,810 Term Asset-Backed Securities Loan Facility 42,996 + 367 + 42,996 41,879 Other credit extensions 0 0 0 0 Net portfolio holdings of Commercial Paper Funding Facility LLC (8) 42,820 - 1,959 + 42,820 42,438 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) 26,152 + 38 - 3,221 26,189 Net portfolio holdings of Maiden Lane II LLC (11) 14,651 + 12 + 14,651 14,662 Net portfolio holdings of Maiden Lane III LLC (12) 20,546 + 30 + 20,546 20,554 Float -1,752 + 305 - 694 -1,916 Central bank liquidity swaps (13) 59,121 - 1,980 - 76,108 59,121 Other Federal Reserve assets (14) 85,117 + 1,912 + 44,139 85,571 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 4,771 + 2,571 + 2,571 5,200 Treasury currency outstanding (15) 42,579 + 14 + 3,904 42,579 Total factors supplying reserve funds 2,191,003 + 46,643 +1,004,827 2,199,875 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 Sep 23, 2009 Sep 16, 2009 Sep 24, 2008 Sep 23, 2009 Currency in circulation (15) 912,084 - 2,362 + 78,283 912,652 Reverse repurchase agreements (16) 69,036 + 2,085 + 9,246 70,803 Foreign official and international accounts 69,036 + 2,085 + 12,817 70,803 Dealers 0 0 - 3,571 0 Treasury cash holdings 279 + 13 + 17 287 Deposits with F.R. Banks, other than reserve balances 259,931 + 24,958 + 117,887 257,390 U.S. Treasury, general account 53,301 + 27,955 + 48,213 50,907 U.S. Treasury, supplementary financing account 199,932 0 + 82,886 199,932 Foreign official 2,451 + 93 + 2,332 2,371 Service-related 3,858 - 8 - 3,506 3,858 Required clearing balances 3,858 - 8 - 3,506 3,858 Adjustments to compensate for float 0 0 0 0 Other 389 - 3,081 - 12,038 321 Other liabilities and capital (17) 60,293 + 197 + 14,515 59,530 Total factors, other than reserve balances, absorbing reserve funds 1,301,623 + 24,892 + 219,949 1,300,663 Reserve balances with Federal Reserve Banks 889,380 + 21,752 + 784,878 899,213 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 Sep 23, 2009 Sep 16, 2009 Sep 24, 2008 Sep 23, 2009 Marketable securities held in custody for foreign official and international accounts (1) 2,854,357 + 11,556 + 432,462 2,855,524 U.S. Treasury securities 2,083,719 + 14,925 + 625,626 2,085,180 Federal agency securities (2) 770,638 - 3,369 - 193,164 770,343 Securities lent to dealers 11,504 + 1,621 - 193,444 9,250 Overnight facility (3) 11,504 + 1,621 - 7,808 9,250 U.S. Treasury securities 11,289 + 1,640 - 8,023 9,024 Federal agency debt securities 215 - 19 + 215 226 Term facility (4) 0 0 - 185,636 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, September 23, 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 121,172 74,849 --- --- --- --- 196,020 Other loans (1) 19,409 9,882 0 80,690 0 --- 109,981 U.S. Treasury securities (2) Holdings 17,988 19,900 58,515 322,425 206,625 140,180 765,633 Weekly changes + 3,867 - 3,867 + 38 + 5,254 + 546 - 8 + 5,830 Federal agency debt securities (3) Holdings 0 30 17,997 83,000 26,162 2,017 129,206 Weekly changes 0 0 + 414 + 3,633 0 0 + 4,047 Mortgage-backed securities (4) Holdings 0 0 0 0 0 693,595 693,595 Weekly changes 0 0 0 0 0 + 8,539 + 8,539 Commercial paper held by Commercial Paper Funding Facility LLC (5) 1,156 36,815 0 --- --- --- 37,971 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) 49,204 9,917 0 0 0 0 59,121 Reverse repurchase agreements (7) 70,803 0 --- --- --- --- 70,803 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 Sep 23, 2009 Mortgage-backed securities held outright (1) 693,595 Commitments to buy mortgage-backed securities (2) 165,122 Commitments to sell mortgage-backed securities (2) 2,650 Cash and cash equivalents (3) 233 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 Sep 23, 2009 Net portfolio holdings of Maiden Lane LLC (1) 26,189 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) 373 Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3) 1,231 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 Sep 23, 2009 Net portfolio holdings of Maiden Lane II LLC (1) 14,662 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 16,587 Accrued interest payable to the Federal Reserve Bank of New York (2) 211 Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc. (3) 1,028 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 Sep 23, 2009 Net portfolio holdings of Maiden Lane III LLC (1) 20,554 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 19,574 Accrued interest payable to the Federal Reserve Bank of New York (2) 276 Outstanding principal amount and accrued interest on loan payable to American International Group, Inc. (3) 5,148 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 Sep 23, 2009 Commercial paper holdings, net (1) 37,859 Other investments, net 4,579 Net portfolio holdings of Commercial Paper Funding Facility LLC 42,438 Memorandum: Commercial paper holdings, face value 37,971 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 37,720 Accrued interest payable to the Federal Reserve Bank of New York (2) 15 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 Sep 23, 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 Sep 23, 2009 Sep 16, 2009 Sep 24, 2008 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 5,200 + 3,000 + 3,000 Coin 1,961 + 24 + 467 Securities, repurchase agreements, term auction credit, and other loans 1,894,435 + 16,518 + 909,515 Securities held outright (1) 1,588,434 + 18,416 +1,101,856 U.S. Treasury securities 765,633 + 5,830 + 289,055 Bills (2) 18,423 0 0 Notes and bonds, nominal (2) 696,923 + 5,849 + 285,192 Notes and bonds, inflation-indexed (2) 44,588 0 + 4,756 Inflation compensation (3) 5,699 - 19 - 894 Federal agency debt securities (2) 129,206 + 4,047 + 119,206 Mortgage-backed securities (4) 693,595 + 8,539 + 693,595 Repurchase agreements (5) 0 0 - 86,000 Term auction credit 196,020 0 + 46,020 Other loans 109,981 - 1,898 - 152,360 Net portfolio holdings of Commercial Paper Funding Facility LLC (6) 42,438 - 536 + 42,438 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) 26,189 + 43 - 3,218 Net portfolio holdings of Maiden Lane II LLC (9) 14,662 + 13 + 14,662 Net portfolio holdings of Maiden Lane III LLC (10) 20,554 + 9 + 20,554 Items in process of collection (268) 620 + 407 - 348 Bank premises 2,223 + 5 + 54 Central bank liquidity swaps (11) 59,121 - 1,980 - 82,779 Other assets (12) 83,322 + 1,356 + 44,093 Total assets (268) 2,161,763 + 18,860 + 948,440 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 Sep 23, 2009 Sep 16, 2009 Sep 24, 2008 Liabilities Federal Reserve notes, net of F.R. Bank holdings 872,318 - 1,622 + 72,896 Reverse repurchase agreements (13) 70,803 + 1,869 - 19,870 Deposits (0) 1,156,577 + 18,719 + 881,501 Depository institutions 903,044 + 40,217 + 807,743 U.S. Treasury, general account 50,907 - 21,492 + 45,732 U.S. Treasury, supplementary financing account 199,932 0 + 40,126 Foreign official 2,371 + 2 + 2,221 Other (0) 321 - 9 - 14,323 Deferred availability cash items (268) 2,535 - 36 + 155 Other liabilities and accrued dividends (14) 8,516 + 195 + 4,504 Total liabilities (268) 2,110,749 + 19,126 + 939,186 Capital accounts Capital paid in 24,878 + 3 + 4,642 Surplus 21,364 + 8 + 2,848 Other capital accounts 4,771 - 278 + 1,763 Total capital 51,014 - 266 + 9,255 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, September 23, 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. 5,200 196 1,818 210 237 412 654 424 150 90 153 282 574 Coin 1,961 61 75 165 143 270 241 246 36 60 133 211 319 Securities, repurchase agreements, term auction credit, and other loans 1,894,435 38,260 887,284 32,154 66,760 59,501 192,850 176,215 64,251 26,842 73,490 76,942 199,889 Securities held outright (1) 1,588,434 30,471 620,880 24,643 62,756 57,242 191,384 171,886 62,229 26,297 71,701 76,803 192,142 U.S. Treasury securities 765,633 14,687 299,267 11,878 30,249 27,591 92,248 82,850 29,995 12,675 34,560 37,019 92,614 Bills (2) 18,423 353 7,201 286 728 664 2,220 1,994 722 305 832 891 2,228 Notes and bonds (3) 747,211 14,334 292,066 11,592 29,521 26,927 90,029 80,856 29,273 12,370 33,728 36,129 90,385 Federal agency debt securities (2) 129,206 2,479 50,503 2,005 5,105 4,656 15,568 13,981 5,062 2,139 5,832 6,247 15,629 Mortgage-backed securities (4) 693,595 13,305 271,109 10,760 27,403 24,995 83,569 75,054 27,172 11,483 31,308 33,536 83,900 Repurchase agreements (5) 0 0 0 0 0 0 0 0 0 0 0 0 0 Term auction credit 196,020 7,567 159,332 7,364 3,963 1,970 1,190 3,303 1,958 369 1,778 126 7,102 Other loans 109,981 222 107,072 147 41 288 275 1,026 64 176 11 13 645 Net portfolio holdings of Commercial Paper Funding Facility LLC (6) 42,438 0 42,438 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) 26,189 0 26,189 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of Maiden Lane II LLC (9) 14,662 0 14,662 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of Maiden Lane III LLC (10) 20,554 0 20,554 0 0 0 0 0 0 0 0 0 0 Items in process of collection 888 35 0 20 101 38 31 42 43 34 42 384 118 Bank premises 2,223 121 239 69 146 239 222 207 134 111 269 253 212 Central bank liquidity swaps (11) 59,121 2,413 14,916 6,616 4,436 17,090 4,606 2,010 599 927 594 774 4,140 Other assets (12) 83,322 2,166 29,432 3,760 4,162 9,556 8,823 6,975 2,494 1,365 2,830 3,104 8,655 Interdistrict settlement account 0 + 19,739 + 75,201 + 14,328 - 21,457 + 172,302 - 55,777 - 73,042 - 31,327 - 7,019 - 32,709 - 13,076 - 47,163 Total assets 2,162,031 63,402 1,116,702 57,772 54,995 260,290 153,006 113,987 36,709 22,607 45,137 69,496 167,927 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, September 23, 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 1,062,058 35,096 389,449 39,295 44,728 82,326 132,102 85,453 30,935 19,577 28,559 63,134 111,404 Less: Notes held by F.R. Banks 189,740 4,916 60,271 7,188 8,997 12,314 26,418 14,166 4,579 3,285 3,556 16,690 27,361 Federal Reserve notes, net 872,318 30,180 329,178 32,107 35,731 70,011 105,685 71,287 26,356 16,292 25,003 46,444 84,042 Reverse repurchase agreements (13) 70,803 1,358 27,675 1,098 2,797 2,552 8,531 7,662 2,774 1,172 3,196 3,423 8,565 Deposits 1,156,577 29,765 739,827 18,734 12,540 173,080 34,628 32,638 6,761 3,281 16,094 18,532 70,697 Depository institutions 903,044 29,763 486,453 18,730 12,535 173,000 34,625 32,586 6,755 3,281 16,092 18,532 70,693 U.S. Treasury, general account 50,907 0 50,907 0 0 0 0 0 0 0 0 0 0 U.S. Treasury, supplementary financing account 199,932 0 199,932 0 0 0 0 0 0 0 0 0 0 Foreign official 2,371 2 2,342 4 3 11 3 1 0 1 0 1 3 Other 321 1 193 0 1 68 0 51 5 0 1 0 1 Deferred availability cash items 2,804 73 0 426 398 102 261 211 70 293 160 218 591 Other liabilities and accrued dividends (14) 8,516 163 4,865 186 258 530 600 508 231 141 214 271 549 Total liabilities 2,111,018 61,540 1,101,546 52,552 51,724 246,275 149,704 112,305 36,192 21,180 44,667 68,889 164,443 Capital Capital paid in 24,878 921 7,294 2,603 1,613 7,002 1,556 777 237 711 209 280 1,675 Surplus 21,364 844 5,893 2,316 1,551 5,982 1,612 704 209 324 207 271 1,450 Other capital 4,771 96 1,969 301 107 1,032 135 201 72 392 54 55 359 Total liabilities and capital 2,162,031 63,402 1,116,702 57,772 54,995 260,290 153,006 113,987 36,709 22,607 45,137 69,496 167,927 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, September 23, 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 Sep 23, 2009 Federal Reserve notes outstanding 1,062,058 Less: Notes held by F.R. Banks not subject to collateralization 189,740 Federal Reserve notes to be collateralized 872,318 Collateral held against Federal Reserve notes 872,318 Gold certificate account 11,037 Special drawing rights certificate account 5,200 U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 856,081 Other assets pledged 0 Memo: Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 1,588,434 Less: Face value of securities under reverse repurchase agreements 70,878 U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 1,517,556 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.