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Release Date:  October 01, 2009
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FEDERAL RESERVE statistical release
 

H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
October 1, 2009
1. Factors Affecting Reserve Balances of Depository Institutions
Millions of dollars
Reserve Bank credit, related items, and
reserve balances of depository institutions at
Federal Reserve Banks
Averages of daily figures Wednesday
Sep 30, 2009
Week ended
Sep 30, 2009
Change from week ended
Sep 23, 2009 Oct 1, 2008
                                                              
Reserve Bank credit                                       2,120,175    -   12,435    +  729,035     2,123,224 
  Securities held outright (1)                            1,588,374    +    9,506    +1,099,833     1,592,701 
    U.S. Treasury securities                                766,128    +    3,381    +  289,516       769,160 
      Bills (2)                                              18,423             0             0        18,423 
      Notes and bonds, nominal (2)                          697,430    +    3,400    +  285,699       700,468 
      Notes and bonds, inflation-indexed (2)                 44,588             0    +    4,756        44,588 
      Inflation compensation (3)                              5,688    -       18    -      939         5,681 
    Federal agency debt securities (2)                      130,050    +    3,157    +  118,121       131,176 
    Mortgage-backed securities (4)                          692,196    +    2,968    +  692,196       692,365 
  Repurchase agreements (5)                                       0             0    -   83,000             0 
  Term auction credit                                       178,379    -   17,641    +   29,236       178,379 
  Other loans                                               109,835    -    1,234    -  257,961       110,330 
    Primary credit                                           27,977    -      209    -   16,486        28,226 
    Secondary credit                                            503    -       74    +      217           463 
    Seasonal credit                                            117   -        4   +       43          111 
    Primary dealer and other broker-dealer credit (6)             0             0    -  147,692             0 
    Asset-Backed Commercial Paper Money Market                
      Mutual Fund Liquidity Facility                             79             0    -  122,025            79 
    Credit extended to American International                 
      Group, Inc., net (7)                                   38,306    -      804    -   14,870        38,743 
    Term Asset-Backed Securities Loan Facility               42,854    -      142    +   42,854        42,709 
    Other credit extensions                                       0             0             0             0 
  Net portfolio holdings of Commercial Paper                  
    Funding Facility LLC (8)                                 41,928    -      892    +   41,928        41,029 
  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)             26,199    +       47    -    3,214        26,261 
  Net portfolio holdings of Maiden Lane II LLC (11)          14,675    +       24    +   14,675        14,751 
  Net portfolio holdings of Maiden Lane III LLC (12)         20,556    +       10    +   20,556        20,566 
  Float                                                      -1,811    -       56    -      587        -2,535 
  Central bank liquidity swaps (13)                          56,756    -    2,365    -  176,342        56,756 
  Other Federal Reserve assets (14)                          85,284    +      167    +   43,910        84,986 
Gold stock                                                   11,041             0             0        11,041 
Special drawing rights certificate account                    5,200    +      429    +    3,000         5,200 
Treasury currency outstanding (15)                           42,593    +       14    +    3,918        42,593 
                                                              
Total factors supplying reserve funds                     2,179,009    -   11,992    +  735,953     2,182,058 
 

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.
 

 

1. Factors Affecting Reserve Balances of Depository Institutions (continued)
Millions of dollars
Reserve Bank credit, related items, and
reserve balances of depository institutions at
Federal Reserve Banks
Averages of daily figures Wednesday
Sep 30, 2009
Week ended
Sep 30, 2009
Change from week ended
Sep 23, 2009 Oct 1, 2008
                                                              
Currency in circulation (15)                                912,007    -       77    +   75,711       913,820 
Reverse repurchase agreements (16)                           69,764    +      728    -   18,145        68,913 
  Foreign official and international accounts                69,764    +      728    -    1,003        68,913 
  Dealers                                                         0             0    -   17,143             0 
Treasury cash holdings                                          288    +        9    +       19           293 
Deposits with F.R. Banks, other than reserve balances       212,529    -   47,402    -   92,081       294,486 
  U.S. Treasury, general account                             37,910    -   15,391    +   29,281       108,324 
  U.S. Treasury, supplementary financing account            164,945    -   34,987    -  101,136       164,945 
  Foreign official                                            2,270    -      181    +    2,137         1,913 
  Service-related                                             3,402    -      456    -    4,272         3,402 
    Required clearing balances                                3,402    -      456    -    4,272         3,402 
    Adjustments to compensate for float                           0             0             0             0 
  Other                                                       4,002    +    3,613    -   18,091        15,902 
Other liabilities and capital (17)                           60,125    -      168    +   13,211        59,804 
                                                              
Total factors, other than reserve balances,                                                       
   absorbing reserve funds                                1,254,713    -   46,910    -   21,284     1,337,316 
                                                              
Reserve balances with Federal Reserve Banks                 924,296    +   34,918    +  757,237       844,742 
                                                                
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

Memorandum item
Averages of daily figures Wednesday
Sep 30, 2009
Week ended
Sep 30, 2009
Change from week ended
Sep 23, 2009 Oct 1, 2008
                                                              
Marketable securities held in custody for foreign             
      official and international accounts (1)             2,854,940    +      583    +  389,289     2,856,427 
  U.S. Treasury securities                                2,087,926    +    4,207    +  592,737     2,093,545 
  Federal agency securities (2)                             767,015    -    3,623    -  203,447       762,881 
Securities lent to dealers                                    9,046    -    2,458    -  246,755        12,847 
  Overnight facility (3)                                      9,046    -    2,458    -   13,190        12,847 
    U.S. Treasury securities                                  8,821    -    2,468    -   13,415        12,594 
    Federal agency debt securities                              226    +       11    +      226           253 
  Term facility (4)                                               0             0    -  233,565             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 30, 2009
Millions of dollars
Remaining maturity
Within 15
days
16 days to
90 days
91 days to
1 year
Over 1 year
to 5 years
Over 5 years
to 10 years
Over 10
years
All
 
Term auction credit                    47,768      130,612         ---            ---          ---         ---       178,379
Other loans (1)                        22,963        5,916            0        81,452            0         ---       110,330
U.S. Treasury securities (2)                    
  Holdings                             13,095       22,810       61,663       324,284      207,135     140,173       769,160
  Weekly changes                   -    4,893   +    2,910   +    3,148    +    1,859   +      510  -        7    +    3,527
Federal agency debt securities (3)                        
  Holdings                                  0           30       17,997        83,000       28,132       2,017       131,176
  Weekly changes                            0            0            0             0   +    1,970           0    +    1,970
Mortgage-backed securities (4)                            
  Holdings                                  0            0            0             0            0     692,365       692,365
  Weekly changes                            0            0            0             0            0  -    1,230    -    1,230
Commercial paper held by                        
  Commercial Paper Funding                      
  Facility LLC (5)                      1,000       35,815            0           ---          ---         ---        36,815
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)       45,949       10,807            0             0            0           0        56,756
                                                
Reverse repurchase agreements (7)      68,913            0          ---           ---          ---         ---        68,913
  
Note: Components may not sum to totals because of rounding.
--- Not applicable.
 

1. Excludes the loans from the Federal Reserve Bank of New York (FRBNY) to Commercial Paper Funding Facility LLC, the
LLCs funded through the Money Market Investor Funding Facility, Maiden Lane LLC, Maiden Lane II LLC, and Maiden
Lane III LLC. The loans were eliminated when preparing the FRBNY's statement of condition consistent with
consolidation under generally accepted accounting principles.
2. Face value. For inflation-indexed securities, includes the original face value and compensation that adjusts for
the effect of inflation on the original face value of such securities.
3. Face value.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining
principal balance of the underlying mortgages.
5. Face value of commercial paper held by Commercial Paper Funding Facility LLC.
6. Face value of money market instruments held by LLCs funded through the Money Market Investor Funding Facility.
7. Cash value of agreements.
8. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign
currency is returned to the foreign central bank. This exchange rate equals the market exchange rate used when the
foreign currency was acquired from the foreign central bank.
 

 

3. Supplemental Information on Mortgage-Backed Securities Purchase Program
Millions of dollars
Account name Wednesday
Sep 30, 2009
                                                                                                
Mortgage-backed securities held outright (1)                                                       692,365    
                                                                                                
Commitments to buy mortgage-backed securities (2)                                                  190,552    
Commitments to sell mortgage-backed securities (2)                                                   7,000    
                                                                                                
Cash and cash equivalents (3)                                                                          374    
 

1. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the
remaining principal balance of the underlying mortgages.
2. Current face value. Generally settle within 180 days and include commitments associated with outright
transactions as well as dollar rolls.
3. This amount is included in other Federal Reserve assets in table 1 and in other assets in table 9 and table 10.
 

 

4. Information on Principal Accounts of Maiden Lane LLC
Millions of dollars
Account name Wednesday
Sep 30, 2009
                                                                                                
Net portfolio holdings of Maiden Lane LLC (1)                                                       26,261    
                                                                                                
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)                                   376    
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3)        1,233    
 
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
Account name Wednesday
Sep 30, 2009
                                                                                                
Net portfolio holdings of Maiden Lane II LLC (1)                                                     14,751   
                                                                                                
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)                                    215   
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
Account name Wednesday
Sep 30, 2009
                                                                                                
Net portfolio holdings of Maiden Lane III LLC (1)                                                    20,566   
                                                                                                
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)                                    281   
Outstanding principal amount and accrued interest on loan payable to American International     
  Group, Inc. (3)                                                                                     5,151   
 

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
Account name Wednesday
Sep 30, 2009
                                                                                                
Commercial paper holdings, net (1)                                                                   36,439   
Other investments, net                                                                                4,590   
Net portfolio holdings of Commercial Paper Funding Facility LLC                                      41,029   
                                                                                                
Memorandum: Commercial paper holdings, face value                                                    36,815   
                                                                                                
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)            36,573   
Accrued interest payable to the Federal Reserve Bank of New York (2)                                     16   
 

1. Book value, which includes amortized cost and related fees.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of
condition consistent with consolidation under generally accepted accounting principles. Refer to the
note on consolidation accompanying table 10.
 

Note: On October 27, 2008, the Federal Reserve Bank of New York began extending loans under the authority of
section 13(3) of the Federal Reserve Act to Commercial Paper Funding Facility LLC. This LLC is a limited
liability company formed to purchase three-month U.S. dollar-denominated commercial paper from eligible issuers
and thereby foster liquidity in short-term funding markets and increase the availability of credit for
businesses and households.
 

 

8. Information on Principal Accounts of LLCs Funded through the Money Market Investor Funding Facility
Millions of dollars
Account name Wednesday
Sep 30, 2009
                                                                                                
Money market instrument holdings, net (1)                                                                 0   
Other investments, net                                                                                    0   
Net portfolio holdings of LLCs funded through the Money Market Investor Funding Facility                  0   
                                                                                                
Memorandum: Money market instrument holdings, face value                                                  0   
                                                                                                
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                 0   
Accrued interest payable to the Federal Reserve Bank of New York (2)                                      0   
Commercial paper issued by LLCs funded through the Money Market Investor Funding Facility,      
  net of related discounts                                                                                0   
 

1. Book value, which includes amortized cost.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of
condition consistent with consolidation under generally accepted accounting principles. Refer to the note
on consolidation accompanying table 10.
 

Note: The Federal Reserve Board authorized the Federal Reserve Bank of New York to extend credit under the
authority of section 13(3) of the Federal Reserve Act to a series of limited liability companies funded through
the Money Market Investor Funding Facility (MMIFF). The MMIFF became operational on November 24, 2008. These
limited liability companies were established to purchase short-term U.S. dollar-denominated certificates of
deposit, bank notes, and outstanding asset-backed commercial paper from eligible issuers. Such purchases are
designed to foster liquidity in short-term money markets.
 

 

9. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of dollars
Assets, liabilities, and capital Eliminations
from
consolidation
  Change since
Wednesday
Sep 30, 2009
Wednesday
Sep 23, 2009
Wednesday
Oct 1, 2008
Assets                                                   
Gold certificate account                                           11,037                0                   0
Special drawing rights certificate account                          5,200                0          +    3,000
Coin                                                                1,981       +       20          +      472
Securities, repurchase agreements, term auction          
      credit, and other loans                                   1,881,410       -   13,025          +  748,767
  Securities held outright (1)                                  1,592,701       +    4,267          +1,101,580
    U.S. Treasury securities                                      769,160       +    3,527          +  292,539
      Bills (2)                                                    18,423                0                   0
      Notes and bonds, nominal (2)                                700,468       +    3,545          +  288,737
      Notes and bonds, inflation-indexed (2)                       44,588                0          +    4,756
      Inflation compensation (3)                                    5,681       -       18          -      954
    Federal agency debt securities (2)                            131,176       +    1,970          +  116,676
    Mortgage-backed securities (4)                                692,365       -    1,230          +  692,365
  Repurchase agreements (5)                                             0                0          -   83,000
  Term auction credit                                             178,379       -   17,641          +   29,379
  Other loans                                                     110,330       +      349          -  299,192
Net portfolio holdings of Commercial Paper               
  Funding Facility LLC (6)                                         41,029       -    1,409          +   41,029
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)                      26,261       +       72          -    3,186
Net portfolio holdings of Maiden Lane II LLC (9)                   14,751       +       89          +   14,751
Net portfolio holdings of                                
  Maiden Lane III LLC (10)                                         20,566       +       12          +   20,566
Items in process of collection                         (282)          239       -      381          -    1,040
Bank premises                                                       2,234       +       11          +       67
Central bank liquidity swaps (11)                                  56,756       -    2,365          -  229,676
Other assets (12)                                                  82,693       -      629          +   43,892
                                                         
      Total assets                                     (282)    2,144,157       -   17,606          +  638,641
 

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.
 

 

9. Consolidated Statement of Condition of All Federal Reserve Banks (continued)
Millions of dollars
Assets, liabilities, and capital Eliminations
from
consolidation
  Change since
Wednesday
Sep 30, 2009
Wednesday
Sep 23, 2009
Wednesday
Oct 1, 2008
Liabilities                                              
Federal Reserve notes, net of F.R. Bank holdings                  873,497       +    1,179          +   69,518
Reverse repurchase agreements (13)                                 68,913       -    1,890          -   24,150
Deposits                                                 (0)    1,139,169       -   17,408          +  578,745
  Depository institutions                                         848,085       -   54,959          +  668,794
  U.S. Treasury, general account                                  108,324       +   57,417          +  103,046
  U.S. Treasury, supplementary financing account                  164,945       -   34,987          -  179,528
  Foreign official                                                  1,913       -      458          +    1,776
  Other                                                  (0)       15,902       +   15,581          -   15,343
Deferred availability cash items                       (282)        2,773       +      238          +        4
Other liabilities and accrued dividends (14)                        8,699       +      183          +    4,688
                                                         
      Total liabilities                                (282)    2,093,052       -   17,697          +  628,806
                                                         
Capital accounts                                         
Capital paid in                                                    24,918       +       40          +    4,606
Surplus                                                            21,373       +        9          +    2,853
Other capital accounts                                              4,814       +       43          +    2,376
                                                         
      Total capital                                                51,105       +       91          +    9,835
 

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 30, 2009
Millions of dollars
Assets, liabilities, and capital Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas
City
Dallas San
Francisco
Assets                                                             
Gold certificate account                      11,037         412       3,895         450         467         882       1,356         911         329         197         335         621       1,182 
Special drawing rights certificate acct.       5,200         196       1,818         210         237         412         654         424         150          90         153         282         574 
Coin                                           1,981          63          76         165         144         274         241         251          36          61         135         214         321 
Securities, repurchase agreements, term                            
      auction credit, and other loans      1,881,410      39,153     873,364      31,239      66,190      59,380     193,264     176,427      64,488      26,819      73,660      77,175     200,251 
  Securities held outright (1)             1,592,701      30,553     622,547      24,709      62,924      57,396     191,898     172,347      62,396      26,368      71,893      77,009     192,658 
    U.S. Treasury securities                 769,160      14,755     300,646      11,933      30,388      27,718      92,673      83,231      30,133      12,734      34,719      37,190      93,040 
      Bills (2)                               18,423         353       7,201         286         728         664       2,220       1,994         722         305         832         891       2,228 
      Notes and bonds (3)                    750,737      14,401     293,445      11,647      29,660      27,054      90,453      81,238      29,411      12,429      33,888      36,299      90,812 
    Federal agency debt securities (2)       131,176       2,516      51,273       2,035       5,183       4,727      15,805      14,195       5,139       2,172       5,921       6,343      15,867 
    Mortgage-backed securities (4)           692,365      13,282     270,628      10,741      27,354      24,951      83,420      74,921      27,124      11,462      31,253      33,477      83,751 
  Repurchase agreements (5)                        0           0           0           0           0           0           0           0           0           0           0           0           0 
  Term auction credit                        178,379       8,377     143,480       6,238       3,224       1,882       1,144       3,015       1,951         292       1,747         155       6,875 
  Other loans                                110,330         224     107,336         292          42         103         222       1,064         141         160          20          10         717 
Net portfolio holdings of Commercial                               
  Paper Funding Facility LLC (6)              41,029           0      41,029           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)                                     26,261           0      26,261           0           0           0           0           0           0           0           0           0           0 
Net portfolio holdings of Maiden                                   
  Lane II LLC (9)                             14,751           0      14,751           0           0           0           0           0           0           0           0           0           0 
Net portfolio holdings of Maiden                                   
  Lane III LLC (10)                           20,566           0      20,566           0           0           0           0           0           0           0           0           0           0 
Items in process of collection                   521          31           0         106         -48          41          90          41          44          35          84          60          37 
Bank premises                                  2,234         121         251          70         146         238         222         207         134         111         269         254         212 
Central bank liquidity swaps (11)             56,756       2,288      14,845       6,273       4,205      16,203       4,367       1,906         568         879         563         734       3,925 
Other assets (12)                             82,693       2,160      28,958       3,774       4,155       9,561       8,790       6,940       2,486       1,360       2,813       3,084       8,612 
Interdistrict settlement account                   0   +  21,812   +  95,774   +  18,187   -  21,477   + 127,608   -  58,305   -  65,938   -  31,506   -   6,910   -  30,197   -  11,689   -  37,358 
                                                                   
      Total assets                         2,144,439      66,236   1,121,587      60,473      54,019     214,600     150,678     121,168      36,729      22,642      47,815      70,735     177,757 
 

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 30, 2009 (continued)
Millions of dollars
Assets, liabilities, and capital Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas
City
Dallas San
Francisco
Liabilities                                                         
Federal Reserve notes outstanding           1,063,038      35,108     389,723      39,209      44,753      82,213     132,194      85,362      30,906      19,590      28,527      63,020     112,432 
  Less: Notes held by F.R. Banks              189,541       4,972      60,970       7,064       9,104      12,134      26,601      13,985       4,570       3,266       3,490      16,150      27,236 
    Federal Reserve notes, net                873,497      30,136     328,753      32,146      35,649      70,079     105,593      71,377      26,336      16,324      25,038      46,870      85,196 
Reverse repurchase agreements (13)             68,913       1,322      26,936       1,069       2,723       2,483       8,303       7,457       2,700       1,141       3,111       3,332       8,336 
Deposits                                    1,139,169      32,576     745,781      21,381      11,475     127,287      32,657      40,070       6,866       3,293      18,742      19,437      79,604 
  Depository institutions                     848,085      32,551     454,867      21,377      11,472     127,216      32,654      40,018       6,860       3,292      18,740      19,436      79,600 
  U.S. Treasury, general account              108,324           0     108,324           0           0           0           0           0           0           0           0           0           0 
  U.S. Treasury, supplementary                                      
    financing account                         164,945           0     164,945           0           0           0           0           0           0           0           0           0           0 
  Foreign official                              1,913           2       1,884           4           3          11           3           1           0           1           0           1           3 
  Other                                        15,902          23      15,762           0           0          59           0          51           5           0           1           0           0 
Deferred availability cash items                3,056         173           0         448         409         109         269         231          74         305         242         212         585 
Other liabilities and accrued                                                 
  dividends (14)                                8,699         165       5,032         188         261         569         589         504         233         136         211         271         541 
                                                                    
      Total liabilities                     2,093,334      64,372   1,106,503      55,231      50,518     200,528     147,410     119,639      36,208      21,200      47,343      70,122     174,261 
                                                                    
Capital                                                             
Capital paid in                                24,918         924       7,298       2,616       1,840       7,002       1,499         623         240         711         209         280       1,675 
Surplus                                        21,373         844       5,902       2,316       1,551       5,982       1,612         704         209         324         207         271       1,450 
Other capital                                   4,814          96       1,884         309         110       1,088         157         203          72         407          56          61         371 
                                                                    
      Total liabilities and capital         2,144,439      66,236   1,121,587      60,473      54,019     214,600     150,678     121,168      36,729      22,642      47,815      70,735     177,757 
                              
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 30, 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 30, 2009
                                                                                            
Federal Reserve notes outstanding                                                              1,063,038 
  Less: Notes held by F.R. Banks not subject to collateralization                                189,541 
    Federal Reserve notes to be collateralized                                                   873,497 
Collateral held against Federal Reserve notes                                                    873,497 
  Gold certificate account                                                                        11,037 
  Special drawing rights certificate account                                                       5,200 
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                       857,260 
  Other assets pledged                                                                                 0 
                                                                                            
Memo:                                                                                       
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                         1,592,701 
  Less: Face value of securities under reverse repurchase agreements                              68,742 
    U.S. Treasury, agency debt, and mortgage-backed securities                              
    eligible to be pledged                                                                     1,523,959 
   
Note: Components may not sum to totals because of rounding.
 

1. Includes face value of U.S. Treasury, agency debt, and mortgage-backed securities held outright,
compensation to adjust for the effect of inflation on the original face value of inflation-indexed
securities, and cash value of repurchase agreements.
2. Includes securities lent to dealers under the overnight and term securities lending facilities; refer
to table 1A.

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