FEDERAL RESERVE statistical release

H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
                                                                                               July 2, 2009
1. Factors Affecting Reserve Balances of Depository Institutions
Millions of dollars
Reserve Bank credit, related items, and                            Averages of daily figures
reserve balances of depository institutions at            Week ended   Change from week ended     Wednesday
Federal Reserve Banks                                     Jul 1, 2009 Jun 24, 2009  Jul 2, 2008  Jul 1, 2009

Reserve Bank credit                                       1,986,952   -    9,645   +1,097,897    1,989,149
  Securities held outright                                1,216,327   +    9,272   +  737,489    1,223,742       
    U.S. Treasury securities (1)                            656,995   +    9,167   +  178,157      663,470
      Bills (2)                                              18,423            0   -    3,317       18,423
      Notes and bonds, nominal (2)                          590,748   +    9,140   +  178,356      597,212
      Notes and bonds, inflation-indexed (2)                 42,803            0   +    3,632       42,803
      Inflation compensation (3)                              5,022   +       28   -      513        5,032
    Federal agency debt securities (2)                       96,798   +    4,685   +   96,798       97,828
    Mortgage-backed securities (4)                          462,534   -    4,580   +  462,534      462,444
  Repurchase agreements (5)                                       0            0   -  110,250            0
  Term auction credit                                       282,808            0   +  132,808      282,808  
  Other loans                                               118,875   -    4,828   +  102,095      119,070
    Primary credit                                           35,910   -    3,185   +   21,049       35,708
    Secondary credit                                              3   -       81   -       83            3
    Seasonal credit                                              63   +       24   -       32           74
    Primary dealer and other broker-dealer credit (6)             0            0   -    1,738            0
    Asset-Backed Commercial Paper Money Market
      Mutual Fund Liquidity Facility                         14,922   -    1,770   +   14,922       14,807
    Credit extended to American International
      Group, Inc. (7)                                        42,834   +      238   +   42,834       43,458
    Term Asset-Backed Securities Loan Facility               25,143   -       54   +   25,143       25,021
    Other credit extensions                                       0            0            0            0
  Net portfolio holdings of Commercial Paper 
    Funding Facility LLC (8)                                119,669   -    8,404   +  119,669      114,693
  Net portfolio holdings of LLCs funded through
    the Money Market Investor Funding Facility (9)                0            0            0            0
  Net portfolio holdings of Maiden Lane LLC (10)             25,896   +       20   -    3,920       25,925
  Net portfolio holdings of Maiden Lane II LLC (11)          15,989   +       34   +   15,989       16,061
  Net portfolio holdings of Maiden Lane III LLC (12)         20,162   +       18   +   20,162       20,172
  Float                                                      -1,989   -      221   -      470       -2,436
  Central bank liquidity swaps (13)                         115,299   -    6,291   +   53,299      114,585
  Other Federal Reserve assets (14)                          73,917   +      756   +   31,026       74,530
Gold stock                                                   11,041            0            0       11,041
Special drawing rights certificate account                    2,200            0            0        2,200
Treasury currency outstanding (15)                           42,431   +       14   +    3,754       42,431
       
Total factors supplying reserve funds                     2,042,624   -    9,631   +1,101,651    2,044,821

Note: Components may not sum to totals because of rounding.  Footnotes appear at the end of the table.


1. Factors Affecting Reserve Balances of Depository Institutions (continued)
Millions of dollars
Reserve Bank credit, related items, and                            Averages of daily figures
reserve balances of depository institutions at            Week ended   Change from week ended     Wednesday
Federal Reserve Banks                                     Jul 1, 2009 Jun 24, 2009  Jul 2, 2008  Jul 1, 2009

Currency in circulation (15)                                907,940   +    1,340   +   81,366      911,609
Reverse repurchase agreements (16)                           70,890   -      923   +   28,713       72,256
  Foreign official and international accounts                70,890   -      923   +   28,713       72,256
  Dealers                                                         0            0            0            0
Treasury cash holdings                                          321   +        7   +       43          339
Deposits with F.R. Banks, other than reserve balances       282,070   -   44,377   +  269,591      284,198       
  U.S. Treasury, general account                             71,990   -   46,681   +   66,948       78,142
  U.S. Treasury, supplementary financing account            199,939            0   +  199,939      199,939
  Foreign official                                            1,979   -      486   +    1,850        1,473
  Service-related                                             4,189   -        4   -    2,863        4,189
    Required clearing balances                                4,189   -        4   -    2,863        4,189
    Adjustments to compensate for float                           0            0            0            0
  Other                                                       3,973   +    2,793   +    3,717          454
Other liabilities and capital (17)                           54,601   +      148   +    9,099       54,375

Total factors, other than reserve balances,                                        
   absorbing reserve funds                                1,315,822   -   43,804   +  388,812    1,322,778

Reserve balances with Federal Reserve Banks                 726,802   +   34,173   +  712,839      722,043
                                                                
Note: Components may not sum to totals because of rounding.

1. Includes securities lent to dealers under the overnight and term securities lending facilities; refer
   to table 1A.  
2. Face value of the securities. 
3. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed
   securities.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae.  Current face value of the securities, which is 
   the remaining principal balance of the underlying mortgages.  
5. Cash value of agreements.
6. Includes credit extended through the Primary Dealer Credit Facility and credit extended to certain
   other broker-dealers.
7. Excludes credit extended to consolidated LLCs.
8. Refer to table 7 and the note on consolidation accompanying table 10.
9. Refer to table 8 and the note on consolidation accompanying table 10.
10. Refer to table 4 and the note on consolidation accompanying table 10.
11. Refer to table 5 and the note on consolidation accompanying table 10.
12. Refer to table 6 and the note on consolidation accompanying table 10.
13. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when 
    the foreign currency is returned to the foreign central bank.  This exchange rate equals the market exchange 
    rate used when the foreign currency was acquired from the foreign central bank.
14. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates.
15. Estimated.
16. Cash value of agreements, which are collateralized by U.S. Treasury securities.
17. Includes the liabilities of Commercial Paper Funding Facility LLC, the LLCs funded through the Money Market 
    Investor Funding Facility, Maiden Lane LLC, Maiden Lane II LLC, and Maiden Lane III LLC to entities other 
    than the Federal Reserve Bank of New York, including liabilities that have recourse only to the portfolio 
    holdings of these LLCs.  Refer to table 4 through table 8 and the note on consolidation accompanying table 10.

Sources: Federal Reserve Banks and the U.S. Department of the Treasury.


1A. Memorandum Items 
Millions of dollars
                                                                   Averages of daily figures
Memorandum item                                           Week ended   Change from week ended     Wednesday
                                                          Jul 1, 2009 Jun 24, 2009  Jul 2, 2008  Jul 1, 2009

Marketable securities held in custody for foreign
      official and international accounts (1)             2,766,155   +    2,122   +  420,502    2,781,790
  U.S. Treasury securities                                1,960,228   +    3,582   +  586,458    1,976,501
  Federal agency securities (2)                             805,928   -    1,459   -  165,954      805,290
Securities lent to dealers                                   18,478   -    4,245   -   99,004       13,691   
  Overnight facility (3)                                     11,728   -    2,959   -    1,510        6,941
  Term facility (4)                                           6,750   -    1,286   -   97,494        6,750

Note: Components may not sum to totals because of rounding.

1. Face value of the securities.  Includes U.S. Treasury STRIPS, other zero-coupon bonds, and mortgage-backed 
   securities at face value.
2. Includes debt and mortgage-backed securities.
3. Fully collateralized by U.S. Treasury securities.
4. Fully collateralized by U.S. Treasury securities, federal agency securities, and other highly rated debt
   securities.
 




2. Maturity Distribution of Term Auction Credit, Other Loans, and Securities,       July 1, 2009
Millions of dollars

Remaining maturity                 Within 15  16 days to  91 days to  Over 1 year  Over 5 years  Over 10       All
                                      days     90 days      1 year     to 5 years   to 10 years   years 
Term auction credit                  179,268     103,540         ---          ---           ---        ---     282,808
Other loans (1)                       33,330      17,182           79      68,479             0        ---     119,070
U.S. Treasury securities (2) 
  Holdings                            17,239      20,311       64,426     261,730       174,540    125,225     663,470
  Weekly changes                  +    2,081  -    5,101   +    3,220  -      973    +    7,790 +    3,261  +   10,277
Federal agency debt securities (3) 
  Holdings                                 0         946        7,370      67,348        20,952      1,212      97,828
  Weekly changes                           0           0   +      852  -      852    +      806 +      396  +    1,202
Mortgage-backed securities (4)    
  Holdings                                 0           0            0           0             0    462,444     462,444
  Weekly changes                           0           0            0           0             0 -    4,782  -    4,782
Commercial paper held by
  Commercial Paper Funding 
  Facility LLC (5)                     4,983     106,143            0         ---           ---        ---     111,126
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)      76,856      37,729            0           0             0          0     114,585

Reverse repurchase agreements (7)     72,256           0          ---         ---           ---        ---      72,256
  
Note: Components may not sum to totals because of rounding.
---   Not applicable.

1. Excludes the loans from the Federal Reserve Bank of New York (FRBNY) to Commercial Paper Funding Facility LLC, the 
   LLCs funded through the Money Market Investor Funding Facility, Maiden Lane LLC, Maiden Lane II LLC, and Maiden 
   Lane III LLC.  The loans were eliminated when preparing the FRBNY's statement of condition consistent with 
   consolidation under generally accepted accounting principles.
2. Face value.  For inflation-indexed securities, includes the original face value and compensation that adjusts for 
   the effect of inflation on the original face value of such securities.
3. Face value.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae.  Current face value of the securities, which is the remaining 
   principal balance of the underlying mortgages.
5. Face value of commercial paper held by Commercial Paper Funding Facility LLC.
6. Face value of money market instruments held by LLCs funded through the Money Market Investor Funding Facility.
7. Cash value of agreements.
8. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign 
   currency is returned to the foreign central bank.  This exchange rate equals the market exchange rate used when the 
   foreign currency was acquired from the foreign central bank.


3. Supplemental Information on Mortgage-Backed Securities Purchase Program
Millions of dollars
                                                                                                  Wednesday
Account name                                                                                     Jul 1, 2009

Mortgage-backed securities held outright (1)                                                       462,444

Commitments to buy mortgage-backed securities (2)                                                  193,379
Commitments to sell mortgage-backed securities (2)                                                  53,744

Cash and cash equivalents (3)                                                                          293

1. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae.  Current face value of the securities, which is the
   remaining principal balance of the underlying mortgages.
2. Current face value.  Generally settle within 180 days and include commitments associated with outright
   transactions as well as dollar rolls.
3. This amount is included in other Federal Reserve assets in table 1 and in other assets in table 9 and table 10.


4. Information on Principal Accounts of Maiden Lane LLC
Millions of dollars
                                                                                                  Wednesday
Account name                                                                                     Jul 1, 2009
         
Net portfolio holdings of Maiden Lane LLC (1)                                                       25,925

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)                                   340
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3)        1,217
 
1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if
   the transaction were to be conducted in an orderly market on the measurement date.  Revalued quarterly. 
   This table reflects valuations as of     March 31, 2009.  Any assets purchased after this valuation date 
   are initially recorded at cost until their estimated fair value as of the purchase date becomes available.
2. Book value.  This amount was eliminated when preparing the Federal Reserve Bank of New York's statement
   of condition consistent with consolidation under generally accepted accounting principles.  Refer to
   the note on consolidation accompanying table 10.
3. Book value.  The fair value of these obligations is included in other liabilities and capital in table 1 
   and in other liabilities and accrued dividends in table 9 and table 10.

Note:  On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended credit to Maiden Lane LLC 
under the authority of section 13(3) of the Federal Reserve Act.  This limited liability company was formed 
to acquire certain assets of Bear Stearns and to manage those assets through time to maximize repayment of 
the credit extended and to minimize disruption to financial markets.  Payments by Maiden Lane LLC from the 
proceeds of the net portfolio holdings will be made in the following order: operating expenses of the LLC, 
principal due to the FRBNY, interest due to the FRBNY, principal due to JPMorgan Chase & Co., and interest 
due to JPMorgan Chase & Co.  Any remaining funds will be paid to the FRBNY.



5. Information on Principal Accounts of Maiden Lane II LLC
Millions of dollars
                                                                                                   Wednesday
Account name                                                                                      Jul 1, 2009

Net portfolio holdings of Maiden Lane II LLC (1)                                                     16,061

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)            17,553
Accrued interest payable to the Federal Reserve Bank of New York (2)                                    160
Deferred payment and accrued interest payable to subsidiaries of American International 
  Group, Inc. (3)                                                                                     1,020

1. Fair value.  Fair value reflects an estimate of the price that would be received upon selling an asset if 
   the transaction were to be conducted in an orderly market on the measurement date.  Revalued quarterly.  
   This table reflects valuations as of     March 31, 2009.  Any assets purchased after this valuation date 
   are initially recorded at cost until their estimated fair value as of the purchase date becomes available.
2. Book value.  This amount was eliminated when preparing the Federal Reserve Bank of New York's statement 
   of condition consistent with consolidation under generally accepted accounting principles.  Refer to the 
   note on consolidation accompanying table 10.
3. Book value.  The deferred payment represents the portion of the proceeds of the net portfolio holdings due 
   to subsidiaries of American International Group, Inc. in accordance with the asset purchase agreement.  
   The fair value of this payment and accrued interest payable are included in other liabilities and capital 
   in table 1 and in other liabilities and accrued dividends in table 9 and table 10.

Note:  On December 12, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden 
Lane II LLC under the authority of section 13(3) of the Federal Reserve Act.  This limited liability company 
was formed to purchase residential mortgage-backed securities from the U.S. securities lending reinvestment 
portfolio of subsidiaries of American International Group, Inc. (AIG subsidiaries).  Payments by Maiden 
Lane II LLC from the proceeds of the net portfolio holdings will be made in the following order:  operating 
expenses of Maiden Lane II LLC, principal due to the FRBNY, interest due to the FRBNY, and deferred payment 
and interest due to AIG subsidiaries.  Any remaining funds will be shared by the FRBNY and AIG subsidiaries.


6. Information on Principal Accounts of Maiden Lane III LLC
Millions of dollars
                                                                                                   Wednesday
Account name                                                                                      Jul 1, 2009

Net portfolio holdings of Maiden Lane III LLC (1)                                                    20,172

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)            22,400
Accrued interest payable to the Federal Reserve Bank of New York (2)                                    215
Outstanding principal amount and accrued interest on loan payable to American International
  Group, Inc. (3)                                                                                     5,109

1. Fair value.  Fair value reflects an estimate of the price that would be received upon selling an asset if 
   the transaction were to be conducted in an orderly market on the measurement date.  Revalued quarterly.  
   This table reflects valuations as of     March 31, 2009.  Any assets purchased after this valuation date 
   are initially recorded at cost until their estimated fair value as of the purchase date becomes available.
2. Book value.  This amount was eliminated when preparing the Federal Reserve Bank of New York's statement 
   of condition consistent with consolidation under generally accepted accounting principles.  Refer to the 
   note on consolidation accompanying table 10.
3. Book value.  The fair value of these obligations is included in other liabilities and capital in table 1 
   and in other liabilities and accrued dividends in table 9 and table 10.

Note: On November 25, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden Lane 
III LLC under the authority of section 13(3) of the Federal Reserve Act.  This limited liability company was 
formed to purchase multi-sector collateralized debt obligations (CDOs) on which the Financial Products group 
of American International Group, Inc. (AIG) has written credit default swap (CDS) contracts.  In connection 
with the purchase of CDOs, the CDS counterparties will concurrently unwind the related CDS transactions.  
Payments by Maiden Lane III LLC from the proceeds of the net portfolio holdings will be made in the following 
order: operating expenses of Maiden Lane III LLC, principal due to the FRBNY, interest due to the FRBNY, 
principal due to AIG, and interest due to AIG.  Any remaining funds will be shared by the FRBNY and AIG.


7. Information on Principal Accounts of Commercial Paper Funding Facility LLC
Millions of dollars
                                                                                                   Wednesday
Account name                                                                                      Jul 1, 2009

Commercial paper holdings, net (1)                                                                  110,739
Other investments, net                                                                                3,954
Net portfolio holdings of Commercial Paper Funding Facility LLC                                     114,693

Memorandum: Commercial paper holdings, face value                                                   111,126

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)           110,449
Accrued interest payable to the Federal Reserve Bank of New York (2)                                     44

1. Book value, which includes amortized cost and related fees.
2. Book value.  This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of 
   condition consistent with consolidation under generally accepted accounting principles.  Refer to the 
   note on consolidation accompanying table 10.

Note: On October 27, 2008, the Federal Reserve Bank of New York began extending loans under the authority of 
section 13(3) of the Federal Reserve Act to Commercial Paper Funding Facility LLC.  This LLC is a limited 
liability company formed to purchase three-month U.S. dollar-denominated commercial paper from eligible issuers 
and thereby foster liquidity in short-term funding markets and increase the availability of credit for 
businesses and households.


8. Information on Principal Accounts of LLCs Funded through the Money Market Investor Funding Facility 
Millions of dollars
                                                                                                   Wednesday
Account name                                                                                      Jul 1, 2009

Money market instrument holdings, net (1)                                                                 0
Other investments, net                                                                                    0
Net portfolio holdings of LLCs funded through the Money Market Investor Funding Facility                  0

Memorandum: Money market instrument holdings, face value                                                  0

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                 0
Accrued interest payable to the Federal Reserve Bank of New York (2)                                      0
Commercial paper issued by LLCs funded through the Money Market Investor Funding Facility, 
  net of related discounts                                                                                0

1. Book value, which includes amortized cost.
2. Book value.  This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of 
   condition consistent with consolidation under generally accepted accounting principles.  Refer to the note 
   on consolidation accompanying table 10.

Note:  The Federal Reserve Board authorized the Federal Reserve Bank of New York to extend credit under the 
authority of section 13(3) of the Federal Reserve Act to a series of limited liability companies funded through 
the Money Market Investor Funding Facility (MMIFF).  The MMIFF became operational on November 24, 2008.  These 
limited liability companies were established to purchase short-term U.S. dollar-denominated certificates of 
deposit, bank notes, and outstanding asset-backed commercial paper from eligible issuers.  Such purchases are 
designed to foster liquidity in short-term money markets.


9. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of dollars
                                                 Eliminations                          Change since
                                                     from       Wednesday        Wednesday        Wednesday
Assets, liabilities, and capital                consolidation  Jul 1, 2009     Jun 24, 2009      Jul 2, 2008

Assets
Gold certificate account                                           11,037                0                0
Special drawing rights certificate account                          2,200                0                0
Coin                                                                1,778       -        1       +      461
Securities, repurchase agreements, term auction
      credit, and other loans                                   1,625,620       -    6,891       +  870,835
  Securities held outright                                      1,223,742       +    6,698       +  744,876
    U.S. Treasury securities (1)                                  663,470       +   10,277       +  184,604       
      Bills (2)                                                    18,423                0       -    3,317
      Notes and bonds, nominal (2)                                597,212       +   10,249       +  184,820
      Notes and bonds, inflation-indexed (2)                       42,803                0       +    3,632
      Inflation compensation (3)                                    5,032       +       28       -      531
    Federal agency debt securities (2)                             97,828       +    1,202       +   97,828
    Mortgage-backed securities (4)                                462,444       -    4,782       +  462,444
  Repurchase agreements (5)                                             0                0       -  113,000    
  Term auction credit                                             282,808                0       +  132,808
  Other loans                                                     119,070       -   13,589       +  106,150
Net portfolio holdings of Commercial Paper 
  Funding Facility LLC (6)                                        114,693       -    9,339       +  114,693
Net portfolio holdings of LLCs funded through
  the Money Market Investor Funding Facility (7)                        0                0                0
Net portfolio holdings of Maiden Lane LLC (8)                      25,925       +       40       -    2,968
Net portfolio holdings of Maiden Lane II LLC (9)                   16,061       +      100       +   16,061
Net portfolio holdings of 
  Maiden Lane III LLC (10)                                         20,172       +       13       +   20,172
Items in process of collection                         (593)          776       +      297       -      458
Bank premises                                                       2,196       -        6       +       42
Central bank liquidity swaps (11)                                 114,585       -    4,845       +   52,585
Other assets (12)                                                  72,362       +      709       +   31,601
     
      Total assets                                     (593)    2,007,404       -   19,923       +1,103,023

Note: Components may not sum to totals because of rounding.  Footnotes appear at the end of the table.


9. Consolidated Statement of Condition of All Federal Reserve Banks (continued)
Millions of dollars
                                                 Eliminations                          Change since
                                                     from       Wednesday        Wednesday        Wednesday
Assets, liabilities, and capital                consolidation  Jul 1, 2009     Jun 24, 2009      Jul 2, 2008
                         
Liabilities
Federal Reserve notes, net of F.R. Bank holdings                  871,291       +    4,018       +   76,196
Reverse repurchase agreements (13)                                 72,256       +      315       +   31,165
Deposits                                                 (0)    1,006,269       -   24,998       +  985,539       
  Depository institutions                                         726,260       -   18,913       +  710,028
  U.S. Treasury, general account                                   78,142       -      705       +   74,003
  U.S. Treasury, supplementary financing account                  199,939                0       +  199,939
  Foreign official                                                  1,473       -      739       +    1,364
  Other                                                  (0)          454       -    4,642       +      203
Deferred availability cash items                       (593)        3,212       +      655       -      181
Other liabilities and accrued dividends (14)                        5,774       -      621       +    2,583

      Total liabilities                                (593)    1,958,802       -   20,629       +1,095,303
                          
Capital accounts
Capital paid in                                                    24,497       +      249       +    4,621
Surplus                                                            21,264       +        8       +    2,771
Other capital accounts                                              2,840       +      448       +      328

      Total capital                                                48,601       +      705       +    7,719

Note: Components may not sum to totals because of rounding.

1. Includes securities lent to dealers under the overnight and term securities lending facilities; refer
   to table 1A.
2. Face value of the securities.
3. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed
   securities.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae.  Current face value of the securities, which is 
   the remaining principal balance of the underlying mortgages. 
5. Cash value of agreements, 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,       July 1, 2009
Millions of dollars
                                                                                                                                                            Kansas                 San
Assets, liabilities, and capital               Total     Boston   New York Philadelphia Cleveland   Richmond   Atlanta    Chicago   St. Louis  Minneapolis   City      Dallas   Francisco

Assets                        
Gold certificate account                      11,037        412      3,895        450        467        882      1,356        911        329        197        335        621      1,182
Special drawing rights certificate acct.       2,200        115        874         83        104        147        166        212         71         30         66         98        234
Coin                                           1,778         61         70        149        141        234        209        219         38         59        128        182        287
Securities, repurchase agreements, term
      auction credit, and other loans      1,625,620     49,756    770,513     38,182     55,124     64,007    153,586    137,637     51,334     20,890     57,306     62,295    164,991
  Securities held outright                 1,223,742     23,475    478,331     18,985     48,348     44,100    147,444    132,422     47,942     20,260     55,239     59,170    148,028
    U.S. Treasury securities (1)             663,470     12,727    259,334     10,293     26,212     23,909     79,939     71,795     25,992     10,984     29,948     32,080     80,256
      Bills (2)                               18,423        353      7,201        286        728        664      2,220      1,994        722        305        832        891      2,228
      Notes and bonds (3)                    645,047     12,374    252,133     10,007     25,485     23,246     77,719     69,801     25,270     10,679     29,117     31,189     78,027
    Federal agency debt securities (2)        97,828      1,877     38,239      1,518      3,865      3,525     11,787     10,586      3,833      1,620      4,416      4,730     11,834
    Mortgage-backed securities (4)           462,444      8,871    180,758      7,174     18,270     16,665     55,718     50,041     18,117      7,656     20,874     22,360     55,939
  Repurchase agreements (5)                        0          0          0          0          0          0          0          0          0          0          0          0          0
  Term auction credit                        282,808     11,340    191,878     18,878      6,683     19,550      5,935      3,725      3,241        398      2,053      3,106     16,021     
  Other loans                                119,070     14,940    100,305        318         94        356        207      1,489        152        232         14         20        943
Net portfolio holdings of Commercial
  Paper Funding Facility LLC (6)             114,693          0    114,693          0          0          0          0          0          0          0          0          0          0
Net portfolio holdings of LLCs funded
  through the Money Market Investor
  Funding Facility (7)                             0          0          0          0          0          0          0          0          0          0          0          0          0
Net portfolio holdings of Maiden Lane 
  LLC (8)                                     25,925          0     25,925          0          0          0          0          0          0          0          0          0          0
Net portfolio holdings of Maiden
  Lane II LLC (9)                             16,061          0     16,061          0          0          0          0          0          0          0          0          0          0
Net portfolio holdings of Maiden
  Lane III LLC (10)                           20,172          0     20,172          0          0          0          0          0          0          0          0          0          0
Items in process of collection                 1,369         48          0        267        116         63        108         83        194         53         73        287         76
Bank premises                                  2,196        121        219         67        147        237        222        207        134        112        270        248        213
Central bank liquidity swaps (11)            114,585      4,723     28,049     12,951      8,683     33,455      9,016      3,935      1,173      1,815      1,163      1,516      8,105
Other assets (12)                             72,362      1,949     25,005      3,604      3,696      8,900      7,598      5,897      2,110      1,188      2,385      2,624      7,404
Interdistrict settlement account                   0  +   7,769  -  23,269  -      20  +   3,245  + 129,868  -  29,473  -  36,563  -  19,862  -   1,753  -   9,612  -   3,395  -  16,935

      Total assets                         2,007,997     64,954    982,207     55,733     71,724    237,793    142,789    112,537     35,522     22,590     52,116     64,476    165,557

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,       July 1, 2009 (continued)
Millions of dollars
                                                                                                                                                            Kansas                 San
Assets, liabilities, and capital                Total     Boston   New York Philadelphia Cleveland   Richmond   Atlanta    Chicago   St. Louis  Minneapolis   City      Dallas   Francisco

Liabilities                         
Federal Reserve notes outstanding           1,053,170     36,122    379,716     39,904     44,976     81,997    132,608     86,817     31,005     19,854     28,567     62,274    109,329
  Less: Notes held by F.R. Banks              181,878      4,688     56,783      6,261      8,083     12,090     27,674     12,706      4,064      2,940      3,277     18,938     24,375
    Federal Reserve notes, net                871,291     31,433    322,933     33,643     36,893     69,908    104,935     74,111     26,942     16,914     25,290     43,337     84,954
Reverse repurchase agreements (13)             72,256      1,386     28,243      1,121      2,855      2,604      8,706      7,819      2,831      1,196      3,262      3,494      8,740
Deposits                                    1,006,269     30,043    613,687     15,157     28,099    151,396     25,141     28,254      4,840      2,867     22,720     16,522     67,544
  Depository institutions                     726,260     30,025    333,833     15,153     28,096    151,292     25,131     28,251      4,833      2,866     22,719     16,521     67,541
  U.S. Treasury, general account               78,142          0     78,142          0          0          0          0          0          0          0          0          0          0
  U.S. Treasury, supplementary
    financing account                         199,939          0    199,939          0          0          0          0          0          0          0          0          0          0
  Foreign official                              1,473          2      1,444          4          3         11          3          1          0          1          0          1          3
  Other                                           454         16        328          0          0         93          7          2          7          0          1          0          0
Deferred availability cash items                3,805        113          1        603        428        135        324        345        232        324        251        351        698
Other liabilities and accrued                 
  dividends (14)                                5,774        123      3,261        133        182        362        400        344        172        102        145        193        357
   
      Total liabilities                     1,959,395     63,098    968,125     50,657     68,458    224,405    139,505    110,872     35,016     21,404     51,667     63,896    162,292
                              
Capital                    
Capital paid in                                24,497        920      7,247      2,607      1,620      6,808      1,559        791        238        633        207        273      1,592
Surplus                                        21,264        844      5,794      2,316      1,552      5,981      1,612        704        209        324        208        271      1,449
Other capital                                   2,840         91      1,040        153         94        598        113        170         59        228         33         36        223

      Total liabilities and capital         2,007,997     64,954    982,207     55,733     71,724    237,793    142,789    112,537     35,522     22,590     52,116     64,476    165,557
                              
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,       July 1, 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
                                                                                                 Jul 1, 2009
              
Federal Reserve notes outstanding                                                                1,053,170
  Less: Notes held by F.R. Banks not subject to collateralization                                  181,878
    Federal Reserve notes to be collateralized                                                     871,291 
Collateral held against Federal Reserve notes                                                      871,291
  Gold certificate account                                                                          11,037
  Special drawing rights certificate account                                                         2,200
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                         858,054
  Other assets pledged                                                                                   0

Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                           1,223,742
  Less: Face value of securities under reverse repurchase agreements                                71,653
    U.S. Treasury, agency debt, and mortgage-backed securities
    eligible to be pledged                                                                       1,152,089
   
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.