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Release Date:  December 28, 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
December 28, 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
Dec 23, 2009
Week ended
Dec 23, 2009
Change from week ended
Dec 16, 2009 Dec 24, 2008
                                                                
Reserve Bank credit                                         2,214,291    +   23,723    +   33,595     2,220,854 
  Securities held outright (1)                              1,839,748    +   32,416    +1,343,754     1,846,887 
    U.S. Treasury securities                                  776,572    +       11    +  300,505       776,576 
      Bills (2)                                                18,423             0             0        18,423 
      Notes and bonds, nominal (2)                            707,649             0    +  297,158       707,649 
      Notes and bonds, inflation-indexed (2)                   44,643             0    +    3,572        44,643 
      Inflation compensation (3)                                5,858    +       11    -      224         5,862 
    Federal agency debt securities (2)                        158,555    +    1,767    +  138,628       159,879 
    Mortgage-backed securities (4)                            904,621    +   30,637    +  904,621       910,433 
  Repurchase agreements (5)                                         0             0    -   80,000             0 
  Term auction credit                                          75,918    -    9,914    -  344,888        75,918 
  Other loans                                                  87,080    +      309    -  109,788        87,978 
    Primary credit                                             18,749    -      344    -   67,511        18,810 
    Secondary credit                                              960    +      748    +      909           955 
    Seasonal credit                                               37   +        1   +       34           36 
    Primary dealer and other broker-dealer credit (6)               0             0    -   45,679             0 
    Asset-Backed Commercial Paper Money Market                  
      Mutual Fund Liquidity Facility                                0             0    -   24,858             0 
    Credit extended to American International                   
      Group, Inc., net (7)                                     20,285    -      363    -   19,733        20,470 
    Term Asset-Backed Securities Loan Facility, net (8)        47,049    +      267    +   47,049        47,708 
    Other credit extensions                                         0             0             0             0 
  Net portfolio holdings of Commercial Paper                    
    Funding Facility LLC (9)                                   14,044    +       12    -  311,752        14,055 
  Net portfolio holdings of Maiden Lane LLC (10)               26,579    +       75    -      339        26,585 
  Net portfolio holdings of Maiden Lane II LLC (11)            15,578    +        6    -    4,455        15,581 
  Net portfolio holdings of Maiden Lane III LLC (12)           22,643    +       19    -    5,442        22,650 
  Net portfolio holdings of TALF LLC (13)                         280    +       14    +      280           298 
  Preferred interests in AIA Aurora LLC and ALICO               
    Holdings LLC (14)                                          25,000             0    +   25,000        25,000 
  Float                                                        -1,584    +      269    -      415        -2,088 
  Central bank liquidity swaps (15)                            12,072    -    2,420    -  531,541        10,272 
  Other Federal Reserve assets (16)                            96,934    +    2,937    +   53,182        97,717 
Gold stock                                                     11,041             0             0        11,041 
Special drawing rights certificate account                      5,200             0    +    3,000         5,200 
Treasury currency outstanding (17)                             42,705    +       14    +    4,031        42,705 
                                                                
Total factors supplying reserve funds                       2,273,237    +   23,737    +   40,626     2,279,800 
 

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 balances of depository institutions at
Federal Reserve Banks
Reserve Bank credit, related items, and
Averages of daily figures Wednesday
Dec 23, 2009
Week ended
Dec 23, 2009
Change from week ended
Dec 16, 2009 Dec 24, 2008
                                                              
Currency in circulation (17)                                925,120    +    2,407    +   43,828       929,211 
Reverse repurchase agreements (18)                           61,043    +    3,814    -   26,715        60,725 
  Foreign official and international accounts                61,043    +    4,174    -   26,715        60,725 
  Dealers                                                         0    -      360             0             0 
Treasury cash holdings                                          229    +        9    -        6           232 
Deposits with F.R. Banks, other than reserve balances       115,529    +   12,365    -  310,128       140,874 
  U.S. Treasury, general account                             94,951    +   18,210    -   30,982       119,439 
  U.S. Treasury, supplementary financing account             15,000             0    -  274,247        15,000 
  Foreign official                                            1,944    +      420    +    1,300         2,295 
  Service-related                                             3,025    -      169    -    1,389         3,025 
    Required clearing balances                                3,025    -      107    -    1,360         3,025 
    Adjustments to compensate for float                           0    -       62    -       29             0 
  Other                                                         609    -    6,097    -    4,809         1,115 
Other liabilities and capital (19)                           67,740    -    1,782    +   14,705        66,663 
                                                              
Total factors, other than reserve balances,                                                       
   absorbing reserve funds                                1,169,661    +   16,813    -  278,315     1,197,705 
                                                              
Reserve balances with Federal Reserve Banks               1,103,576    +    6,925    +  318,941     1,082,095 
                                                                
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. Includes credit extended by the Federal Reserve Bank of New York to eligible borrowers through the Term
Asset-Backed Securities Loan Facility, net of unamortized deferred administrative fees.
9. Refer to table 7 and the note on consolidation accompanying table 11.
10. Refer to table 4 and the note on consolidation accompanying table 11.
11. Refer to table 5 and the note on consolidation accompanying table 11.
12. Refer to table 6 and the note on consolidation accompanying table 11.
13. Refer to table 8 and the note on consolidation accompanying table 11.
14. Refer to table 9.
15. 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.
16. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates,
and accrued dividends on the Federal Reserve Bank of New York's preferred interests in AIA Aurora LLC and
ALICO Holdings LLC.
17. Estimated.
18. Cash value of agreements, which are collateralized by U.S. Treasury securities and federal agency debt
securities.
19. Includes the liabilities of Commercial Paper Funding Facility LLC, Maiden Lane LLC, Maiden Lane II LLC,
Maiden Lane III LLC, and TALF 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 11.
 

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
Dec 23, 2009
Week ended
Dec 23, 2009
Change from week ended
Dec 16, 2009 Dec 24, 2008
                                                              
Marketable securities held in custody for foreign             
      official and international accounts (1)             2,957,714    +    9,212    +  448,022     2,954,241 
  U.S. Treasury securities                                2,187,272    +   10,210    +  502,575     2,184,809 
  Federal agency securities (2)                             770,442    -      999    -   54,553       769,433 
Securities lent to dealers                                    8,493    -      401    -  176,073         8,155 
  Overnight facility (3)                                      8,493    -      401    +    1,523         8,155 
    U.S. Treasury securities                                  7,628    -      373    +      658         7,269 
    Federal agency debt securities                              865    -       28    +      865           886 
  Term facility (4)                                               0             0    -  177,596             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, December 23, 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                         0       75,918         ---            ---          ---         ---        75,918
Other loans (1)                        15,271        4,529            0        68,178            0         ---        87,978
U.S. Treasury securities (2)                    
  Holdings                             15,982       23,993       49,800       329,284      212,769     144,748       776,576
  Weekly changes                   -    3,520   +    3,520   +        1    +        3   +        3  +        5    +       11
Federal agency debt securities (3)                        
  Holdings                                  0        3,114       21,528        99,402       33,788       2,047       159,879
  Weekly changes                            0   +      246   +      178    +    1,548   +      222           0    +    2,194
Mortgage-backed securities (4)                            
  Holdings                                  0            0            0             0            0     910,433       910,433
  Weekly changes                            0            0            0             0            0  +    9,202    +    9,202
Commercial paper held by                        
  Commercial Paper Funding                      
  Facility LLC (5)                          0        9,440            0           ---          ---         ---         9,440
Asset-backed securities held by                 
  TALF LLC (6)                              0            0            0             0            0           0             0
Repurchase agreements (7)                   0            0          ---           ---          ---         ---             0
Central bank liquidity swaps (8)        6,506        3,766            0             0            0           0        10,272
                                                
Reverse repurchase agreements (7)      60,725            0          ---           ---          ---         ---        60,725
  
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, Maiden
Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF 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 asset-backed securities held by TALF LLC, which is the remaining principal balance of the underlying assets.
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
Dec 23, 2009
                                                                                                
Mortgage-backed securities held outright (1)                                                       910,433    
                                                                                                
Commitments to buy mortgage-backed securities (2)                                                  148,133    
Commitments to sell mortgage-backed securities (2)                                                       0    
                                                                                                
Cash and cash equivalents (3)                                                                        1,656    
 

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 10 and table 11.
 

 

4. Information on Principal Accounts of Maiden Lane LLC
Millions of dollars
Account name Wednesday
Dec 23, 2009
                                                                                                
Net portfolio holdings of Maiden Lane LLC (1)                                                       26,585    
                                                                                                
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)                                   410    
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3)        1,247    
 
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 September 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 11.
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 10 and table 11.
 

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
Dec 23, 2009
                                                                                                
Net portfolio holdings of Maiden Lane II LLC (1)                                                     15,581   
                                                                                                
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)            15,739   
Accrued interest payable to the Federal Reserve Bank of New York (2)                                    261   
Deferred payment and accrued interest payable to subsidiaries of American International         
  Group, Inc. (3)                                                                                     1,036   
 

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 September 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 11.
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 10 and table 11.
 

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
Dec 23, 2009
                                                                                                
Net portfolio holdings of Maiden Lane III LLC (1)                                                    22,650   
                                                                                                
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)            18,159   
Accrued interest payable to the Federal Reserve Bank of New York (2)                                    336   
Outstanding principal amount and accrued interest on loan payable to American International     
  Group, Inc. (3)                                                                                     5,189   
 

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 September 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 11.
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 10 and table 11.
 

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
Dec 23, 2009
                                                                                                
Commercial paper holdings, net (1)                                                                    9,233   
Other investments, net                                                                                4,822   
Net portfolio holdings of Commercial Paper Funding Facility LLC                                      14,055   
                                                                                                
Memorandum: Commercial paper holdings, face value                                                     9,440   
                                                                                                
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)             9,374   
Accrued interest payable to the Federal Reserve Bank of New York (2)                                      4   
 

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 11.
 

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 TALF LLC
Millions of dollars
Account name Wednesday
Dec 23, 2009
                                                                                                
Asset-backed securities holdings (1)                                                                      0   
Other investments, net                                                                                  298   
Net portfolio holdings of TALF LLC                                                                      298   
                                                                                                
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   
Funding provided by U.S. Treasury to TALF LLC, including accrued interest payable (3)                   103   
 

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.
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 11.
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 10 and table 11.
 

Note: On November 25, 2008, the Federal Reserve announced the creation of the Term Asset-Backed Securities Loan
Facility (TALF) under the authority of section 13(3) of the Federal Reserve Act. The TALF is a facility under
which the Federal Reserve Bank of New York (FRBNY) extends loans with a term of up to five years to holders of
eligible asset-backed securities. The TALF is intended to assist financial markets in accommodating the credit
needs of consumers and businesses by facilitating the issuance of asset-backed securities collateralized by a
variety of consumer and business loans. The loans provided through the TALF to eligible borrowers are non-recourse,
meaning that the obligation of the borrower can be discharged by surrendering the collateral to the FRBNY. The
loans are extended for the market value of the security less an amount known as a haircut. As a result, the
borrower bears the initial risk of a decline in the value of the security.
 

TALF LLC is a limited liability company formed to purchase and manage any asset-backed securities received by
the FRBNY in connection with the decision of a borrower not to repay a TALF loan. TALF LLC has committed, for a
fee, to purchase all asset-backed securities received by the FRBNY in conjunction with a TALF loan at a price
equal to the TALF loan plus accrued but unpaid interest. Losses on asset-backed securities held by TALF LLC
will be offset in the following order: by the commitment fees collected by TALF LLC, by the interest received on
investments of TALF LLC, by up to $20 billion in subordinated debt funding provided by the U.S. Treasury, and
finally, by senior debt funding provided by the FRBNY. Payments by TALF LLC from the proceeds of its net portfolio
holdings will be made in the following order: operating expenses of TALF LLC, principal due to the FRBNY, principal
due to the U.S. Treasury, interest due to the FRBNY, and interest due to the U.S. Treasury. Any remaining funds
will be shared by the FRBNY and the U.S. Treasury.
 

 

9. Supplemental Information on the Federal Reserve Bank of New York's Preferred Interests in AIA Aurora LLC and
ALICO Holdings LLC
Millions of dollars
Account name Wednesday
Dec 23, 2009
                                                                                                
Preferred interests in AIA Aurora LLC and ALICO Holdings LLC (1)                                     25,000   
Accrued dividends on preferred interests in AIA Aurora LLC and ALICO Holdings LLC (2)                    79   
                                                                                                
Preferred interests in AIA Aurora LLC (1)                                                            16,000   
Accrued dividends on preferred interests in AIA Aurora LLC (2)                                           50   
                                                                                                
Preferred interests in ALICO Holdings LLC (1)                                                         9,000   
Accrued dividends on preferred interests in ALICO Holdings LLC (2)                                       28   
 

Note: Components may not sum to totals because of rounding.
 

1. Book value.
2. This amount is included in other Federal Reserve assets in table 1 and in other assets in table 10 and table 11.
 

Note on preferred interests:
 

In conjunction with the restructuring of the government's assistance to American
International Group, Inc. (AIG) announced March 2, 2009, the outstanding balance and amount available of revolving
credit provided to AIG by the FRBNY has been reduced in exchange for preferred interests in two special purpose
vehicles, AIA Aurora LLC and ALICO Holdings LLC. These two limited liability companies were created to directly or
indirectly hold all of the outstanding common stock of American International Assurance Company Ltd. (AIA) and
American Life Insurance Company (ALICO), two life insurance subsidiaries of AIG. AIG will retain control of AIA
Aurora LLC and ALICO Holdings LLC, and the FRBNY will have certain consent, disposition, and conversion rights with
respect to its preferred interests.
 

Dividends accrue as a percentage of the FRBNY's preferred interests in AIA Aurora LLC and ALICO Holdings LLC. On a
quarterly basis, the accrued dividends are capitalized and added to the FRBNY's preferred interests in AIA Aurora LLC
and ALICO Holdings LLC.
 

 

10. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of dollars
Assets, liabilities, and capital Eliminations
from
consolidation
  Change since
Wednesday
Dec 23, 2009
Wednesday
Dec 16, 2009
Wednesday
Dec 24, 2008
Assets                                                   
Gold certificate account                                           11,037                0                   0
Special drawing rights certificate account                          5,200                0          +    3,000
Coin                                                                2,051       +        6          +      371
Securities, repurchase agreements, term auction          
      credit, and other loans                                   2,010,783       +    3,276          +  797,042
  Securities held outright (1)                                  1,846,887       +   11,407          +1,349,995
    U.S. Treasury securities                                      776,576       +       11          +  300,562
      Bills (2)                                                    18,423                0                   0
      Notes and bonds, nominal (2)                                707,649                0          +  297,158
      Notes and bonds, inflation-indexed (2)                       44,643                0          +    3,572
      Inflation compensation (3)                                    5,862       +       11          -      167
    Federal agency debt securities (2)                            159,879       +    2,194          +  139,001
    Mortgage-backed securities (4)                                910,433       +    9,202          +  910,433
  Repurchase agreements (5)                                             0                0          -   80,000
  Term auction credit                                              75,918       -    9,914          -  374,301
  Other loans                                                      87,978       +    1,783          -   98,652
Net portfolio holdings of Commercial Paper               
  Funding Facility LLC (6)                                         14,055       +       16          -  317,631
Net portfolio holdings of Maiden Lane LLC (7)                      26,585       +        7          -      381
Net portfolio holdings of Maiden Lane II LLC (8)                   15,581       +        3          -    4,468
Net portfolio holdings of                                
  Maiden Lane III LLC (9)                                          22,650       +        8          -    5,541
Net portfolio holdings of TALF LLC (10)                               298       +       32          +      298
Preferred interests in AIA Aurora LLC and                
  ALICO Holdings LLC (11)                                          25,000                0          +   25,000
Items in process of collection                         (253)          373       +       48          -      830
Bank premises                                                       2,245       +        6          +       59
Central bank liquidity swaps (12)                                  10,272       -    4,220          -  542,456
Other assets (13)                                                  92,873       +      852          +   50,738
                                                         
      Total assets                                     (253)    2,239,003       +       35          +    5,202
 

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

 

10. Consolidated Statement of Condition of All Federal Reserve Banks (continued)
Millions of dollars
Assets, liabilities, and capital Eliminations
from
consolidation
  Change since
Wednesday
Dec 23, 2009
Wednesday
Dec 16, 2009
Wednesday
Dec 24, 2008
Liabilities                                              
Federal Reserve notes, net of F.R. Bank holdings                  888,785       +    5,398          +   39,069
Reverse repurchase agreements (14)                                 60,725       +    3,178          -   27,592
Deposits                                                 (0)    1,220,369       -    1,844          -   21,615
  Depository institutions                                       1,082,520       +    9,225          +  263,116
  U.S. Treasury, general account                                  119,439       -   12,718          +    1,381
  U.S. Treasury, supplementary financing account                   15,000                0          -  274,247
  Foreign official                                                  2,295       +      855          +    1,105
  Other                                                  (0)        1,115       +      794          -   12,970
Deferred availability cash items                       (253)        2,460       -      185          -       77
Other liabilities and accrued dividends (15)                       14,539       -    6,388          +    5,809
                                                         
      Total liabilities                                (253)    2,186,878       +      160          -    4,406
                                                         
Capital accounts                                         
Capital paid in                                                    25,643       +        6          +    4,572
Surplus                                                            21,473       +        8          +    4,627
Other capital accounts                                              5,008       -      141          +      408
                                                         
      Total capital                                                52,124       -      127          +    9,607
 

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 11.
7. Refer to table 4 and the note on consolidation accompanying table 11.
8. Refer to table 5 and the note on consolidation accompanying table 11.
9. Refer to table 6 and the note on consolidation accompanying table 11.
10. Refer to table 8 and the note on consolidation accompanying table 11.
11. Refer to table 9.
12. 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.
13. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates,
and accrued dividends on the Federal Reserve Bank of New York's preferred interests in AIA Aurora LLC and
ALICO Holdings LLC.
14. Cash value of agreements, which are collateralized by U.S. Treasury securities and federal agency debt
securities.
15. Includes the liabilities of Commercial Paper Funding Facility LLC, Maiden Lane LLC, Maiden Lane II LLC,
Maiden Lane III LLC, and TALF 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 11.
 

 

11. Statement of Condition of Each Federal Reserve Bank, December 23, 2009
Millions of dollars
Assets, liabilities, and capital Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas
City
allas an
rancisco
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                                           2,051          65          76         167         152         294         222         300          32          62         138         218         325 
Securities, repurchase agreements, term                            
      auction credit, and other loans      2,010,783      39,588     867,215      30,358      73,720      67,630     222,972     202,139      72,960      30,823      84,316      89,693     229,368 
  Securities held outright (1)             1,846,887      35,429     721,903      28,653      72,967      66,556     222,524     199,853      72,354      30,576      83,367      89,300     223,406 
    U.S. Treasury securities                 776,576      14,897     303,544      12,048      30,681      27,985      93,567      84,034      30,423      12,857      35,054      37,549      93,937 
      Bills (2)                               18,423         353       7,201         286         728         664       2,220       1,994         722         305         832         891       2,228 
      Notes and bonds (3)                    758,153      14,544     296,343      11,762      29,953      27,322      91,347      82,040      29,702      12,552      34,222      36,658      91,709 
    Federal agency debt securities (2)       159,879       3,067      62,493       2,480       6,317       5,762      19,263      17,301       6,263       2,647       7,217       7,730      19,339 
    Mortgage-backed securities (4)           910,433      17,465     355,866      14,125      35,969      32,809     109,695      98,519      35,667      15,073      41,096      44,021     110,129 
  Repurchase agreements (5)                        0           0           0           0           0           0           0           0           0           0           0           0           0 
  Term auction credit                         75,918       4,052      58,254       1,613         751         995         363       1,934         593         214         941         390       5,818 
  Other loans                                 87,978         107      87,058          92           2          79          85         352          13          33           8           4         145 
Net portfolio holdings of Commercial                               
  Paper Funding Facility LLC (6)              14,055           0      14,055           0           0           0           0           0           0           0           0           0           0 
Net portfolio holdings of Maiden Lane                              
  LLC (7)                                     26,585           0      26,585           0           0           0           0           0           0           0           0           0           0 
Net portfolio holdings of Maiden                                   
  Lane II LLC (8)                             15,581           0      15,581           0           0           0           0           0           0           0           0           0           0 
Net portfolio holdings of Maiden                                   
  Lane III LLC (9)                            22,650           0      22,650           0           0           0           0           0           0           0           0           0           0 
Net portfolio holdings of TALF LLC (10)          298           0         298           0           0           0           0           0           0           0           0           0           0 
Preferred interests in AIA Aurora LLC                              
  and ALICO Holdings LLC (11)                 25,000           0      25,000           0           0           0           0           0           0           0           0           0           0 
Items in process of collection                   625          24           0          82         123          10         147          43          22          30          31          43          70 
Bank premises                                  2,245         121         263          70         145         238         222         206         135         111         268         254         213 
Central bank liquidity swaps (12)             10,272         411       2,733       1,128         756       2,915         785         343         102         158         101         132         706 
Other assets (13)                             92,873       2,340      33,141       3,900       4,531       9,778      10,003       8,055       2,883       1,524       3,277       3,587       9,853 
Interdistrict settlement account                   0   +   7,201   +  84,852   +  36,341   -  17,136   + 189,880   -  76,304   -  90,199   -  36,111   -   8,752   -  34,878   -  21,830   -  33,064 
                                                                   
      Total assets                         2,239,255      50,359   1,098,163      72,707      62,995     272,038     160,058     122,223      40,503      24,243      53,742      72,999     209,227 
 

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

 

11. Statement of Condition of Each Federal Reserve Bank, December 23, 2009 (continued)
Millions of dollars
Assets, liabilities, and capital Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas
ity
allas San
rancisco
Liabilities                                                         
Federal Reserve notes outstanding           1,082,347      35,897     398,723      38,662      44,998      82,596     136,302      85,603      31,114      19,386      28,825      63,160     117,081 
  Less: Notes held by F.R. Banks              193,562       3,696      71,667       5,846       7,808      10,209      32,101      12,223       4,147       2,649       3,073      13,627      26,514 
    Federal Reserve notes, net                888,785      32,201     327,056      32,816      37,190      72,387     104,201      73,380      26,967      16,737      25,752      49,532      90,567 
Reverse repurchase agreements (14)             60,725       1,165      23,736         942       2,399       2,188       7,317       6,571       2,379       1,005       2,741       2,936       7,345 
Deposits                                    1,220,369      14,803     722,709      33,056      18,794     182,645      44,014      39,784      10,223       4,551      24,293      19,194     106,303 
  Depository institutions                   1,082,520      14,789     585,016      33,051      18,789     182,563      44,011      39,750      10,220       4,550      24,288      19,193     106,299 
  U.S. Treasury, general account              119,439           0     119,439           0           0           0           0           0           0           0           0           0           0 
  U.S. Treasury, supplementary                                      
    financing account                          15,000           0      15,000           0           0           0           0           0           0           0           0           0           0 
  Foreign official                              2,295           2       2,265           4           3          11           3           1           0           1           0           1           3 
  Other                                         1,115          12         990           0           2          70           0          32           2           0           4           0           1 
Deferred availability cash items                2,713          72           0         283         385          90         287         242          79         320         149         171         635 
Other liabilities and accrued                                                 
  dividends (15)                               14,539         223       9,175         268         384         710         911         774         326         190         323         398         858 
                                                                    
      Total liabilities                     2,187,131      48,464   1,082,676      67,365      59,152     258,020     156,730     120,752      39,973      22,803      53,257      72,231     205,708 
                                                                    
Capital                                                             
Capital paid in                                25,643         944       7,440       2,802       1,910       7,139       1,581         624         240         712         210         353       1,687 
Surplus                                        21,473         844       6,001       2,316       1,551       5,983       1,612         704         209         324         207         271       1,450 
Other capital                                   5,008         107       2,046         223         382         896         135         143          80         404          67         144         381 
                                                                    
      Total liabilities and capital         2,239,255      50,359   1,098,163      72,707      62,995     272,038     160,058     122,223      40,503      24,243      53,742      72,999     209,227 
                              
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.
 

 

11. Statement of Condition of Each Federal Reserve Bank, December 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 4 and the note on consolidation below.
8. Refer to table 5 and the note on consolidation below.
9. Refer to table 6 and the note on consolidation below.
10. Refer to table 8 and the note on consolidation below.
11. Refer to table 9.
12. 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.
13. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates, and accrued dividends on the Federal Reserve Bank of New York's
preferred interests in AIA Aurora LLC and ALICO Holdings LLC.
14. Cash value of agreements, which are collateralized by U.S. Treasury securities and federal agency debt securities.
15. Includes the liabilities of Commercial Paper Funding Facility LLC, Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF 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 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. On November 25, 2008, the Federal Reserve Board authorized the FRBNY to extend credit to TALF LLC, which was
formed to purchase and manage any asset-backed securities received by the FRBNY in connection with the decision of a borrower not to repay a loan extended under the Term Asset-Backed
Securities Loan Facility.
 

The FRBNY is the sole beneficiary of Commercial Paper Funding Facility LLC. The FRBNY is the primary beneficiary of TALF LLC, because of the two beneficiaries of the LLC, the FRBNY and the
U.S. Treasury, the FRBNY is primarily responsible for directing the financial activities of TALF LLC. The FRBNY is the primary beneficiary of the other LLCs cited above because it will receive
a majority of any residual returns of the LLCs and absorb a majority of any residual losses of the LLCs. 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 10), 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 10).
 

 

12. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts
Millions of dollars
Federal Reserve notes and collateral Wednesday
Dec 23, 2009
                                                                                            
Federal Reserve notes outstanding                                                              1,082,347 
  Less: Notes held by F.R. Banks not subject to collateralization                                193,562 
    Federal Reserve notes to be collateralized                                                   888,785 
Collateral held against Federal Reserve notes                                                    888,785 
  Gold certificate account                                                                        11,037 
  Special drawing rights certificate account                                                       5,200 
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                       872,548 
  Other assets pledged                                                                                 0 
                                                                                            
Memo:                                                                                       
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                         1,846,887 
  Less: Face value of securities under reverse repurchase agreements                              60,330 
    U.S. Treasury, agency debt, and mortgage-backed securities                              
    eligible to be pledged                                                                     1,786,557 
   
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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