FEDERAL RESERVE statistical release

H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
                                                                                            January 7, 2010
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                                     Jan 6, 2010 Dec 30, 2009  Jan 7, 2009  Jan 6, 2010

Reserve Bank credit                                       2,216,366   -    3,570   +   58,419    2,216,446
  Securities held outright (1)                            1,844,953   -    1,084   +1,349,570    1,845,211       
    U.S. Treasury securities                                776,591   +        8   +  300,794      776,595
      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)                              5,877   +        8   +       66        5,881
    Federal agency debt securities (2)                      159,879            0   +  140,292      159,879
    Mortgage-backed securities (4)                          908,483   -    1,092   +  908,483      908,737
  Repurchase agreements (5)                                       0            0   -   77,143            0
  Term auction credit                                        75,918            0   -  330,887       75,918  
  Other loans                                                90,127   +    1,994   -   95,674       89,821
    Primary credit                                           19,453   +      710   -   68,482       19,143
    Secondary credit                                            954   -        2   +      938          931
    Seasonal credit                                              21   -       18   +       19            0
    Primary dealer and other broker-dealer credit (6)             0            0   -   35,977            0
    Asset-Backed Commercial Paper Money Market
      Mutual Fund Liquidity Facility                              0            0   -   22,868            0
    Credit extended to American International
      Group, Inc., net (7)                                   22,166   +    1,395   -   16,837       22,215
    Term Asset-Backed Securities Loan Facility, net (8)      47,532   -       92   +   47,532       47,533
    Other credit extensions                                       0            0            0            0
  Net portfolio holdings of Commercial Paper 
    Funding Facility LLC (9)                                 14,067   +        6   -  320,205       14,076
  Net portfolio holdings of Maiden Lane LLC (10)             26,706   +      109   -      322       26,736
  Net portfolio holdings of Maiden Lane II LLC (11)          15,660   +       62   -    4,411       15,662
  Net portfolio holdings of Maiden Lane III LLC (12)         22,674   +       23   -    4,124       22,757
  Net portfolio holdings of TALF LLC (13)                       298            0   +      298          298
  Preferred interests in AIA Aurora LLC and ALICO
    Holdings LLC (14)                                        25,106   +      106   +   25,106       25,106
  Float                                                      -2,282   -      460   -      818       -3,012
  Central bank liquidity swaps (15)                          10,272            0   -  532,819       10,272
  Other Federal Reserve assets (16)                          92,868   -    4,326   +   49,849       93,601
Gold stock                                                   11,041            0            0       11,041
Special drawing rights certificate account                    5,200            0   +    3,000        5,200
Treasury currency outstanding (17)                           42,733   +       14   +    2,146       42,733
       
Total factors supplying reserve funds                     2,275,340   -    3,556   +   63,565    2,275,419

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                                     Jan 6, 2010 Dec 30, 2009  Jan 7, 2009  Jan 6, 2010

Currency in circulation (17)                                927,306   -    2,261   +   37,889      924,869
Reverse repurchase agreements (18)                           75,101   +    9,387   -   13,567       67,572
  Foreign official and international accounts                75,101   +    9,387   -   13,567       67,572
  Dealers                                                         0            0            0            0
Treasury cash holdings                                          241   +        8   -       19          252
Deposits with F.R. Banks, other than reserve balances       215,111   +   67,931   -   91,093      197,187       
  U.S. Treasury, general account                            178,343   +   59,820   +  112,206      166,555
  U.S. Treasury, supplementary financing account              5,001   -    6,427   -  224,402        5,001
  Foreign official                                            2,612   +      272   +    1,040        3,149
  Service-related                                             3,021   -        4   -    1,371        3,021
    Required clearing balances                                3,021   -        4   -    1,369        3,021
    Adjustments to compensate for float                           0            0   -        2            0
  Other                                                      26,134   +   14,271   +   21,434       19,461
Other liabilities and capital (19)                           63,468   -    3,366   +   14,402       64,081

Total factors, other than reserve balances,                                        
   absorbing reserve funds                                1,281,227   +   71,699   -   52,388    1,253,962

Reserve balances with Federal Reserve Banks                 994,113   -   75,255   +  115,953    1,021,458
                                                                
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
                                                                   Averages of daily figures
Memorandum item                                           Week ended   Change from week ended     Wednesday
                                                          Jan 6, 2010 Dec 30, 2009  Jan 7, 2009  Jan 6, 2010

Marketable securities held in custody for foreign
      official and international accounts (1)             2,961,643   +    6,349   +  437,134    2,953,229
  U.S. Treasury securities                                2,195,244   +    8,961   +  484,798    2,187,286
  Federal agency securities (2)                             766,399   -    2,613   -   47,663      765,943
Securities lent to dealers                                   17,594   +    8,280   -  152,045       13,267   
  Overnight facility (3)                                     17,594   +    8,280   +    9,055       13,267
    U.S. Treasury securities                                 16,626   +    8,077   +    8,087       12,585
    Federal agency debt securities                              968   +      204   +      968          682
  Term facility (4)                                               0            0   -  161,100            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,    January 6, 2010
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                   75,918           0         ---          ---           ---        ---      75,918
Other loans (1)                       15,681       4,392            0      69,748             0        ---      89,821
U.S. Treasury securities (2) 
  Holdings                            15,399      25,071       50,772     326,876       213,721    144,756     776,595
  Weekly changes                  -    2,739  +    3,234   +      971  -    2,411    +      950 +        4  +        8
Federal agency debt securities (3) 
  Holdings                                68       3,046       21,528      99,402        33,788      2,047     159,879
  Weekly changes                  +       68  -       68            0           0             0          0           0
Mortgage-backed securities (4)    
  Holdings                                 0           0            0           0             0    908,737     908,737
  Weekly changes                           0           0            0           0             0 +      480  +      480
Commercial paper held by
  Commercial Paper Funding 
  Facility LLC (5)                     1,000       8,440            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)      10,272           0            0           0             0          0      10,272

Reverse repurchase agreements (7)     67,572           0          ---         ---           ---        ---      67,572
  
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
                                                                                                  Wednesday
Account name                                                                                     Jan 6, 2010

Mortgage-backed securities held outright (1)                                                       908,737

Commitments to buy mortgage-backed securities (2)                                                  168,991
Commitments to sell mortgage-backed securities (2)                                                   2,500

Cash and cash equivalents (3)                                                                          369

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
                                                                                                  Wednesday
Account name                                                                                     Jan 6, 2010
         
Net portfolio holdings of Maiden Lane LLC (1)                                                       26,736

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)                                   415
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3)        1,249
 
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
                                                                                                   Wednesday
Account name                                                                                      Jan 6, 2010

Net portfolio holdings of Maiden Lane II LLC (1)                                                     15,662

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)                                    269
Deferred payment and accrued interest payable to subsidiaries of American International 
  Group, Inc. (3)                                                                                     1,037

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
                                                                                                   Wednesday
Account name                                                                                      Jan 6, 2010

Net portfolio holdings of Maiden Lane III LLC (1)                                                    22,757

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)                                    344
Outstanding principal amount and accrued interest on loan payable to American International
  Group, Inc. (3)                                                                                     5,196

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
                                                                                                   Wednesday
Account name                                                                                      Jan 6, 2010

Commercial paper holdings, net (1)                                                                    9,263
Other investments, net                                                                                4,813
Net portfolio holdings of Commercial Paper Funding Facility LLC                                      14,076

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)                                      5

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
                                                                                                   Wednesday
Account name                                                                                      Jan 6, 2010

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
                                                                                                   Wednesday
Account name                                                                                      Jan 6, 2010

Preferred interests in AIA Aurora LLC and ALICO Holdings LLC (1)                                     25,106
Accrued dividends on preferred interests in AIA Aurora LLC and ALICO Holdings LLC (2)                    21

Preferred interests in AIA Aurora LLC (1)                                                            16,068
Accrued dividends on preferred interests in AIA Aurora LLC (2)                                           13

Preferred interests in ALICO Holdings LLC (1)                                                         9,038
Accrued dividends on preferred interests in ALICO Holdings LLC (2)                                        7

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
                                                 Eliminations                          Change since
                                                     from       Wednesday        Wednesday        Wednesday
Assets, liabilities, and capital                consolidation  Jan 6, 2010     Dec 30, 2009      Jan 7, 2009

Assets
Gold certificate account                                           11,037                0                0
Special drawing rights certificate account                          5,200                0       +    3,000
Coin                                                                2,064       +       17       +      360
Securities, repurchase agreements, term auction
      credit, and other loans                                   2,010,949       +      610       +  893,665
  Securities held outright (1)                                  1,845,211       +      489       +1,350,235
    U.S. Treasury securities                                      776,595       +        8       +  300,877       
      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)                                    5,881       +        8       +      149
    Federal agency debt securities (2)                            159,879                0       +  140,621
    Mortgage-backed securities (4)                                908,737       +      480       +  908,737
  Repurchase agreements (5)                                             0                0       -   60,000    
  Term auction credit                                              75,918                0       -  308,113
  Other loans                                                      89,821       +      122       -   88,456
Net portfolio holdings of Commercial Paper 
  Funding Facility LLC (6)                                         14,076       +        4       -  320,333
Net portfolio holdings of Maiden Lane LLC (7)                      26,736       +       69       -      325
Net portfolio holdings of Maiden Lane II LLC (8)                   15,662       -       35       -    4,132
Net portfolio holdings of 
  Maiden Lane III LLC (9)                                          22,757       +       97       -    4,124
Net portfolio holdings of TALF LLC (10)                               298                0       +      298
Preferred interests in AIA Aurora LLC and 
  ALICO Holdings LLC (11)                                          25,106       +      106       +   25,106
Items in process of collection                         (366)          722       +      445       -      767
Bank premises                                                       2,240       -        9       +       58
Central bank liquidity swaps (12)                                  10,272                0       -  527,890
Other assets (13)                                                  91,380       -       63       +   50,662
     
      Total assets                                     (366)    2,238,499       +    1,241       +  115,580

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
                                                 Eliminations                          Change since
                                                     from       Wednesday        Wednesday        Wednesday
Assets, liabilities, and capital                consolidation  Jan 6, 2010     Dec 30, 2009      Jan 7, 2009
                         
Liabilities
Federal Reserve notes, net of F.R. Bank holdings                  884,449       -    5,229       +   36,493
Reverse repurchase agreements (14)                                 67,572       -    2,878       -   21,341
Deposits                                                 (0)    1,218,664       +    9,529       +   84,974       
  Depository institutions                                       1,024,498       -      773       +  178,358
  U.S. Treasury, general account                                  166,555       +   16,736       +  103,869
  U.S. Treasury, supplementary financing account                    5,001                0       -  219,415
  Foreign official                                                  3,149       +      880       +    2,955
  Other                                                  (0)       19,461       -    7,313       +   19,207
Deferred availability cash items                       (366)        3,733       +    1,500       +      524
Other liabilities and accrued dividends (15)                       11,933       -    1,709       +    5,112

      Total liabilities                                (366)    2,186,351       +    1,212       +  105,762
                          
Capital accounts
Capital paid in                                                    25,651       +        6       +    4,574
Surplus                                                            25,166       +    3,684       +    4,360
Other capital accounts                                              1,330       -    3,663       +      883

      Total capital                                                52,148       +       29       +    9,818

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,    January 6, 2010
Millions of dollars
                                                                                                                                                            Kansas                San
Assets, liabilities, and capital               Total     Boston   New York Philadelphia Cleveland   Richmond   Atlanta    Chicago   St. Louis  Minneapolis   City     Dallas   Francisco

Assets                        
Gold certificate account                      11,037        412      3,895        450        467        882      1,356        911        329        197        335        621      1,182
Special drawing rights certificate acct.       5,200        196      1,818        210        237        412        654        424        150         90        153        282        574
Coin                                           2,064         65         77        169        155        294        217        305         33         63        141        216        329
Securities, repurchase agreements, term
      auction credit, and other loans      2,010,949     39,567    868,076     30,380     73,652     67,788    222,792    201,989     72,896     30,783     84,243     89,609    229,173
  Securities held outright (1)             1,845,211     35,397    721,247     28,627     72,901     66,496    222,322    199,672     72,288     30,548     83,291     89,219    223,203
    U.S. Treasury securities                 776,595     14,897    303,552     12,048     30,682     27,986     93,569     84,036     30,424     12,857     35,055     37,549     93,939
      Bills (2)                               18,423        353      7,201        286        728        664      2,220      1,994        722        305        832        891      2,228
      Notes and bonds (3)                    758,172     14,544    296,351     11,762     29,954     27,322     91,349     82,042     29,702     12,552     34,223     36,659     91,711
    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)           908,737     17,432    355,203     14,098     35,902     32,748    109,490     98,335     35,601     15,044     41,020     43,939    109,924
  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                                 89,821        119     88,575        141          0        298        107        383         14         21         11          0        153
Net portfolio holdings of Commercial
  Paper Funding Facility LLC (6)              14,076          0     14,076          0          0          0          0          0          0          0          0          0          0
Net portfolio holdings of Maiden Lane 
  LLC (7)                                     26,736          0     26,736          0          0          0          0          0          0          0          0          0          0
Net portfolio holdings of Maiden
  Lane II LLC (8)                             15,662          0     15,662          0          0          0          0          0          0          0          0          0          0
Net portfolio holdings of Maiden
  Lane III LLC (9)                            22,757          0     22,757          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)                 25,106          0     25,106          0          0          0          0          0          0          0          0          0          0
Items in process of collection                 1,087         34          0        130        321         13        290         50         41         62         33         48         67
Bank premises                                  2,240        121        262         71        144        238        221        205        135        111        268        253        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)                             91,380      2,312     32,449      3,871      4,475      9,739      9,854      7,911      2,838      1,502      3,219      3,520      9,689
Interdistrict settlement account                   0  +   5,477  + 138,481  +  37,212  -  23,133  + 175,603  -  86,385  -  93,102  -  34,897  -   9,201  -  33,769  -  25,607  -  50,677

      Total assets                         2,238,865     48,595  1,152,425     73,621     57,074    257,883    149,785    119,037     41,626     23,765     54,723     69,075    191,256

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,    January 6, 2010 (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           1,081,371     35,829    398,206     38,561     44,883     82,490    136,158     85,467     31,829     19,363     28,852     63,037    116,695
  Less: Notes held by F.R. Banks              196,922      3,925     72,710      5,615      7,811     10,316     33,073     12,454      4,233      2,652      3,148     13,879     27,105
    Federal Reserve notes, net                884,449     31,904    325,497     32,946     37,072     72,175    103,085     73,012     27,596     16,710     25,705     49,158     89,590
Reverse repurchase agreements (14)             67,572      1,296     26,412      1,048      2,670      2,435      8,142      7,312      2,647      1,119      3,050      3,267      8,174
Deposits                                    1,218,664     13,224    776,780     33,745     11,922    168,638     34,235     36,517     10,512      4,035     25,057     15,330     88,670
  Depository institutions                   1,024,498     13,206    582,746     33,741     11,919    168,577     34,232     36,484     10,510      4,034     25,056     15,330     88,666
  U.S. Treasury, general account              166,555          0    166,555          0          0          0          0          0          0          0          0          0          0
  U.S. Treasury, supplementary
    financing account                           5,001          0      5,001          0          0          0          0          0          0          0          0          0          0
  Foreign official                              3,149          2      3,119          4          3         11          3          1          0          1          0          1          3
  Other                                        19,461         16     19,359          0          0         50          0         32          1          0          1          0          1
Deferred availability cash items                4,099         98          1        364      1,262        133        368        270         96        323        207        262        716
Other liabilities and accrued                 
  dividends (15)                               11,933        158      8,203        161        262        457        643        559        249        133        232        295        582
   
      Total liabilities                     2,186,717     46,679  1,136,893     68,265     53,187    243,837    146,472    117,669     41,099     22,320     54,251     68,313    187,731
                              
Capital                    
Capital paid in                                25,651        944      7,441      2,802      1,921      7,140      1,581        619        240        712        210        353      1,687
Surplus                                        25,166        944      7,448      2,554      1,910      6,906      1,581        619        240        712        210        353      1,687
Other capital                                   1,330         27        643          0         55          0        151        129         46         20         53         57        150

      Total liabilities and capital         2,238,865     48,595  1,152,425     73,621     57,074    257,883    149,785    119,037     41,626     23,765     54,723     69,075    191,256
                              
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,    January 6, 2010 (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
                                                                                                 Jan 6, 2010
              
Federal Reserve notes outstanding                                                                1,081,371
  Less: Notes held by F.R. Banks not subject to collateralization                                  196,922
    Federal Reserve notes to be collateralized                                                     884,449 
Collateral held against Federal Reserve notes                                                      884,449
  Gold certificate account                                                                          11,037
  Special drawing rights certificate account                                                         5,200
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                         868,212
  Other assets pledged                                                                                   0

Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                           1,845,211
  Less: Face value of securities under reverse repurchase agreements                                67,112
    U.S. Treasury, agency debt, and mortgage-backed securities
    eligible to be pledged                                                                       1,778,098
   
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.