FEDERAL RESERVE statistical release 

For release at 

4:30 p.m., EDT 

 March 26, 2009 

The Board’s H.4.1 statistical release, “Factors Affecting Reserve Balances of Depository Institutions 

and Condition Statement of Federal Reserve Banks,” has been modified to include information 

related to the Term Asset-Backed Securities Loan Facility (TALF). Credit was extended under the 

TALF for the first time on March 25, 2009. 

The TALF will help market participants meet the credit needs of households and businesses of all 

sizes by supporting the issuance of asset-backed securities (ABS) collateralized by loans of various 

types to consumers and businesses. Under the TALF, the Federal Reserve Bank of New York 

(FRBNY) finances the purchase of eligible ABS by lending to holders of certain highly rated ABS 

backed by newly and recently originated consumer and business loans. This lending will be reported 

in “Term Asset-Backed Securities Loan Facility” in table 1 and included in “Other loans” in table 2, 

table 8, and table 9. 

In the event that a borrower does not repay a loan extended under the TALF, the FRBNY will 

enforce its rights to the collateral and sell the collateral to TALF LLC, a special purpose vehicle 

established by the Federal Reserve specifically for the purpose of managing such assets. On 

March 25, 2009, the Treasury, using funds from the Troubled Asset Relief Program (TARP), 

purchased $100 million in subordinated debt in TALF LLC, thereby providing initial funding for the 

LLC. The Federal Reserve is evaluating whether consolidation of the LLC onto the balance sheet of 

the FRBNY is appropriate. 
Reserve Bank credit, related items, and

reserve balances of depository institutions

at Federal Reserve Banks

Reserve Bank credit 2,050,972 + 9,563 +1,181,630 2,055,282

Securities held outright 760,492 + 13,845 + 131,515 761,295

U.S. Treasury securities1 474,731 + 43 - 154,246 474,746

Bills2 18,423 0 - 105,952 18,423

Notes and bonds, nominal2 412,914 0 - 48,543 412,914

Notes and bonds, inflation-indexed2 39,378 0 + 941 39,378

Inflation compensation3 4,017 + 43 - 691 4,032

Federal agency debt securities2 48,796 + 3,328 + 48,796 50,393

Mortgage-backed securities4 236,964 + 10,474 + 236,964 236,156

Repurchase agreements5 0 0 - 84,821 0

Term auction credit 468,589 0 + 388,589 468,589

Other loans 134,340 - 3,839 + 100,859 136,227

Primary credit 62,782 - 2,901 + 62,232 61,305

Secondary credit 0 - 11 - 2 1

Seasonal credit 3 0 - 3 4

Primary dealer and other broker-dealer credit6 20,089 + 414 - 12,834 20,175

Asset-Backed Commercial Paper Money

Market Mutual Fund Liquidity Facility 7,179 - 2,050 + 7,179 6,845

Credit extended to American International

Group, Inc.7 43,614 + 35 + 43,614 43,188

Term Asset-Backed Securities Loan Facility 673 + 673 + 673 4,711

Other credit extensions 0 0 0 0

Net portfolio holdings of Commercial Paper

Funding Facility LLC8 240,802 - 228 + 240,802 241,311

Net portfolio holdings of LLCs funded through the

Money Market Investor Funding Facility9 0 0 0 0

Net portfolio holdings of Maiden Lane LLC10 26,223 + 40 + 26,223 26,288

Net portfolio holdings of Maiden Lane II LLC11 18,440 + 11 + 18,440 18,449

Net portfolio holdings of Maiden Lane III LLC12 27,631 + 30 + 27,631 27,645

Float -2,152 + 74 - 803 -2,393

Central bank liquidity swaps13 327,692 - 1,894 + 327,692 327,778

Other Federal Reserve assets14 48,914 + 1,524 + 5,503 50,092

Gold stock 11,041 0 0 11,041

Special drawing rights certificate account 2,200 0 0 2,200

Treasury currency outstanding15 38,842 + 14 + 163 38,842

Total factors supplying reserve funds 2,103,055 + 9,577 +1,181,793 2,107,365

FEDERAL RESERVE statistical release

 March 26, 2009

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and

Condition Statement of Federal Reserve Banks

1. Factors Affecting Reserve Balances of Depository Institutions

Millions of dollars

Averages of daily figures

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

Change from week ended Wednesday

 Mar 25, 2009 Week ended

 Mar 25, 2009 Mar 18, 2009 Mar 26, 2008
Reserve Bank credit, related items, and

reserve balances of depository institutions

at Federal Reserve Banks

Currency in circulation15 898,615 + 263 + 81,759 899,798

Reverse repurchase agreements16 65,178 - 402 + 24,472 66,427

Foreign official and international accounts 65,178 - 402 + 24,472 66,427

Dealers 0 0 0 0

Treasury cash holdings 310 + 5 + 13 310

Deposits with F.R. Banks, other than reserve balances 287,653 - 9,522 + 274,799 267,313

U.S. Treasury, general account 78,083 + 5,360 + 72,354 56,198

U.S. Treasury, supplementary financing account 199,935 - 2 + 199,935 199,935

Foreign official 1,863 - 240 + 1,745 1,587

Service-related 4,465 - 1 - 2,289 4,465

Required clearing balances 4,465 - 1 - 2,289 4,465

Adjustments to compensate for float 0 0 0 0

Other 3,307 - 14,639 + 3,053 5,128

Other liabilities and capital17 55,597 + 1,382 + 11,062 55,584

Total factors, other than reserve balances,

absorbing reserve funds 1,307,353 - 8,275 + 392,105 1,289,433

Reserve balances with Federal Reserve Banks 795,702 + 17,852 + 789,688 817,932

H.4.1

1. Factors Affecting Reserve Balances of Depository Institutions (continued)

Millions of dollars

Averages of daily figures

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 6 and the note on consolidation accompanying table 9.

9. Refer to table 7 and the note on consolidation accompanying table 9.

10. Refer to table 3 and the note on consolidation accompanying table 9.

11. Refer to table 4 and the note on consolidation accompanying table 9.

12. Refer to table 5 and the note on consolidation accompanying table 9.

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 3 through table 7 and the note on consolidation

accompanying table 9.

Sources: Federal Reserve Banks and the U.S. Department of the Treasury.

Change from week ended Wednesday

 Mar 25, 2009 Week ended

 Mar 25, 2009 Mar 18, 2009 Mar 26, 2008
Marketable securities held in custody for foreign

 official and international accounts1 2,594,724 + 4,529 + 410,469 2,596,188

U.S. Treasury securities 1,782,966 + 828 + 498,251 1,785,867

Federal agency securities2 811,758 + 3,700 - 87,781 810,321

Securities lent to dealers 93,407 - 16,346 + 83,467 92,958

Overnight facility3 3,142 - 491 - 6,798 4,408

Term facility4,5 90,264 - 15,856 + 90,264 88,550

1A. Memorandum Items

Millions of dollars

Averages of daily figures

Week ended

 Mar 25, 2009

Change from week ended Wednesday

 Mar 25, 2009

 Mar 18, 2009 Mar 26, 2008

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.

5. On March 25, 2009, option contracts on draws on the Term Securities Lending Facility totaling $ 35,000 million were outstanding. The

exercise date for the options is March 26, 2009, and the draws have a term of March 27, 2009 through April 3, 2009.

Memorandum item

H.4.1

91 days to

1 year

2. Maturity Distribution of Term Auction Credit, Other Loans, and Securities, March 25, 2009

Millions of dollars

Within 15 days Over 1 year

to 5 years

16 days to

 90 days

All

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.

Remaining maturity Over 5 years

to 10 years

Over 10

years

Term auction credit

Other loans1

U.S. Treasury securities2

Holdings

Weekly changes

Federal agency debt securities3

Holdings

Weekly changes

Mortgage-backed securities4

Holdings

Weekly changes

Commercial paper held by

Commercial Paper Funding

Facility LLC5

Money market instruments held by

LLCs funded through the

Money Market Investor

Funding Facility6

Repurchase agreements7

Central bank liquidity swaps8

Reverse repurchase agreements7

 220,726

 82,790

 19,286

+ 2,156

 0

- 571

 0

 0

 2,426

 0

 0

 177,946

 66,427

...

 30

 60,925

+ 1

 4,090

 0

 0

 0

 0

 0

...

 0

...

...

 47,899

 168,691

+ 13

 36,423

+ 2,692

 0

 0

...

...

...

 0

...

 247,864

 5,509

 25,225

- 2,156

 0

 0

 0

 0

 237,437

 0

 0

 149,832

 0

...

...

 100,938

+ 10

 9,714

 0

 0

 0

...

...

...

 0

...

...

...

 99,681

+ 18

 166

 0

 236,156

- 333

...

...

...

 0

...

 468,589

 136,227

 474,746

+ 42

 50,393

+ 2,121

 236,156

- 333

 239,862

 0

 0

 327,778

 66,427
Wednesday

 Mar 25, 2009

3. Information on Principal Accounts of Maiden Lane LLC

Millions of dollars

Net portfolio holdings of Maiden Lane LLC1

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2

Accrued interest payable to the Federal Reserve Bank of New York2

Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co.3

 26,288

 28,820

 301

 1,201

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 December 31, 2008. 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 9.

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 8 and table 9.

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.

Account name

Wednesday

 Mar 25, 2009

4. Information on Principal Accounts of Maiden Lane II LLC

Millions of dollars

Net portfolio holdings of Maiden Lane II LLC1

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2

Accrued interest payable to the Federal Reserve Bank of New York2

Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc.3

 18,449

 18,543

 91

 1,010

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 December 31, 2008. 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 9.

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 8 and table 9.

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.

Account name

H.4.1
Wednesday

 Mar 25, 2009

7. Information on Principal Accounts of LLCs Funded through the Money Market Investor

 Funding Facility

Millions of dollars

Money market instrument holdings, net1

Other investments, net

Net portfolio holdings of LLCs funded through the Money Market Investor Funding Facility

Memorandum: Money market instrument holdings, face value

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2

Accrued interest payable to the Federal Reserve Bank of New York2

Commercial paper issued by LLCs funded through the Money Market Investor Funding Facility, net of related discounts

 0

 0

 0

 0

 0

 0

 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 9.

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.

Account name

H.4.1

Wednesday

 Mar 25, 2009

6. Information on Principal Accounts of Commercial Paper Funding Facility LLC

Millions of dollars

Commercial paper holdings, net1

Other investments, net

Net portfolio holdings of Commercial Paper Funding Facility LLC

Memorandum: Commercial paper holdings, face value

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2

Accrued interest payable to the Federal Reserve Bank of New York2

 238,712

 2,599

 241,311

 239,862

 238,560

 78

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 9.

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. dollardenominated commercial paper from eligible issuers and thereby foster liquidity in short-term funding markets and increase the availability of credit

for businesses and households.

Account name

Wednesday

 Mar 25, 2009

5. Information on Principal Accounts of Maiden Lane III LLC

Millions of dollars

Net portfolio holdings of Maiden Lane III LLC1

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2

Accrued interest payable to the Federal Reserve Bank of New York2

Outstanding principal amount and accrued interest on loan payable to American International Group, Inc.3

 27,645

 24,036

 127

 5,062

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 December 31, 2008. 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 9.

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 8 and table 9.

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.

Account name
Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 2,200 0 0

Coin 1,832 + 5 + 511

Securities, repurchase agreements, term auction

credit, and other loans 1,366,112 + 2,716 + 529,449

Securities held outright 761,295 + 1,830 + 148,990

U.S. Treasury securities1 474,746 + 42 - 137,559

Bills2 18,423 0 - 95,668

Notes and bonds, nominal2 412,914 0 - 42,138

Notes and bonds, inflation-indexed2 39,378 0 + 941

Inflation compensation3 4,032 + 42 - 694

Federal agency debt securities2 50,393 + 2,121 + 50,393

Mortgage-backed securities4 236,156 - 333 + 236,156

Repurchase agreements5 0 0 - 106,750

Term auction credit 468,589 0 + 388,589

Other loans 136,227 + 885 + 98,620

Net portfolio holdings of Commercial Paper Funding

Facility LLC6 241,311 + 598 + 241,311

Net portfolio holdings of LLCs funded through the

Money Market Investor Funding Facility7 0 0 0

Net portfolio holdings of Maiden Lane LLC8 26,288 + 76 + 26,288

Net portfolio holdings of Maiden Lane II LLC9 18,449 + 10 + 18,449

Net portfolio holdings of Maiden Lane III LLC10 27,645 + 17 + 27,645

Items in process of collection (291) 468 + 80 - 317

Bank premises 2,187 0 + 44

Central bank liquidity swaps11 327,778 - 1,234 + 327,778

Other assets12 47,919 + 2,337 + 6,300

Total assets (291) 2,073,227 + 4,607 +1,177,459

H.4.1

8. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Change since

Wednesday

 Mar 26, 2008

Eliminations from

consolidation Wednesday

 Mar 25, 2009

Wednesday

 Mar 18, 2009

Assets, liabilities, and capital

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

Federal Reserve notes, net of F.R. Bank holdings 863,094 + 362 + 82,462

Reverse repurchase agreements13 66,427 + 1,400 + 25,605

Deposits (0) 1,085,260 + 1,852 +1,058,249

Depository institutions 822,412 + 42,106 + 800,845

U.S. Treasury, general account 56,198 - 44,181 + 51,254

U.S. Treasury, supplementary financing account 199,935 - 2 + 199,935

Foreign official 1,587 - 903 + 1,348

Other (0) 5,128 + 4,833 + 4,867

Deferred availability cash items (291) 2,861 - 72 + 203

Other liabilities and accrued dividends14 9,402 - 3 + 5,569

Total liabilities (291) 2,027,045 + 3,540 +1,172,090

Capital accounts

Capital paid in 22,556 + 23 + 3,010

Surplus 21,148 + 8 + 2,690

Other capital accounts 2,478 + 1,035 - 330

Total capital 46,182 + 1,067 + 5,370

H.4.1

8. Consolidated Statement of Condition of All Federal Reserve Banks (continued)

Millions of dollars

Change since

Wednesday

 Mar 26, 2008

Eliminations from

consolidation Wednesday

 Mar 25, 2009

Wednesday

 Mar 18, 2009

Assets, liabilities, and capital

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 6 and the note on consolidation accompanying table 9.

7. Refer to table 7 and the note on consolidation accompanying table 9.

8. Refer to table 3 and the note on consolidation accompanying table 9.

9. Refer to table 4 and the note on consolidation accompanying table 9.

10. Refer to table 5 and the note on consolidation accompanying table 9.

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 3 through table 7 and the note on consolidation accompanying table 9.
    20, 14, 8,  8,  4,  5,         5,  - 3, 23,

 344 71 43 31,077 26,308 16,406 637 15,769 1,741 8,161 0 4,638 131 0 0 0 0 0 23 134 3,319 1,040 - 2,241 33,809

 913 212 220 75,434 67,192 41,901 1,626 40,275 4,448 20,843 0 6,469 1,774 0 0 0 0 0 94 207 11,134 2,792 + 14,424 105,429

 1,221 166 214 88,717 75,748 47,236 1,833 45,403 5,014 23,497 0 12,753 216 0 0 0 0 0 -152 224 25,508 4,143 + 21,013 141,052

 891 147 250 153,430 69,033 43,049 1,671 41,379 4,570 21,414 0 83,833 565 0 0 0 0 0 46 233 94,647 9,050 - 43,961 214,733

 423 104 149 40,795 28,868 18,002 699 17,304 1,911 8,955 0 11,911 16 0 0 0 0 0 83 146 24,565 2,654 + 5,226 74,145

 424 115 66 59,072 31,932 19,913 773 19,140 2,114 9,905 0 20,010 7,131 0 0 0 0 0 35 122 13,362 1,948 + 2,283 77,427

AssetsGold certificate accountSpecial drawing rights certificate acct.CoinSecurities, repurchase agreements, term

auction credit, and other loans

Securities held outright

U.S. Treasury securities1

Bills2Notes and bonds3

Federal agency debt securities2Mortgage-backed securities4

Repurchase agreements5Term auction creditOther loans

Net portfolio holdings of Commercial

Paper Funding Facility LLC6

Net portfolio holdings of LLCs funded

through the Money Market InvestorFunding Facility7

Net portfolio holdings of Maiden

Lane LLC8

Net portfolio holdings of Maiden

Lane II LLC9

Net portfolio holdings of Maiden

Lane III LLC10

Items in process of collectionBank premisesCentral bank liquidity swaps11

Other assets12Interdistrict settlement account

Total assets

 11,037 2,200 1,832 1,366,112 761,295 474,746 18,423 456,324 50,393 236,156 0 468,589 136,227 241,311 0 26,288 18,449 27,645 760 2,187 327,778 47,919 0 2,073,518

 453 83 157 76,577 33,239 20,728 804 19,924 2,200 10,311 0 43,288 50 0 0 0 0 0 125 65 36,640 3,785 - 56,821 61,063

 3,935 874 81 626,469 270,864 168,912 6,555 162,357 17,930 84,023 0 231,676 123,929 241,311 0 26,288 18,449 27,645 0 210 82,961 15,110 + 2,555 1,045,888

H.4.19. Statement of Condition of Each Federal Reserve Bank, March 25, 2009Millions of dollars

Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneap

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

Assets, liabilities, and capital
Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneap

LiabilitiesFederal Reserve notes outstanding

Less: Notes held by F.R. Banks

Federal Reserve notes, net

Reverse repurchase agreements13

Deposits

Depository institutionsU.S. Treasury, general accountU.S. Treasury, supplementary financing accountForeign officialOther

Deferred availability cash itemsOther liabilities and accrued

dividends14

Total liabilities

CapitalCapital paid inSurplusOther capital

Total liabilities and capital

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.H.4.19. Statement of Condition of Each Federal Reserve Bank, March 25, 2009 (continued)Millions of dollars

Assets, liabilities, and capital

 37,294 5,446 31,848 2,786 40,677 40,666 0 0 2 10 84 174 75,570 908 844 105 77,427

 1,043,613 180,519 863,094 66,427 1,085,260 822,412 56,198 199,935 1,587 5,128 3,152 9,402 2,027,336 22,556 21,148 2,478 2,073,518

 367,362 55,636 311,726 23,634 690,497 427,765 56,198 199,935 1,558 5,040 0 6,676 1,032,533 6,361 5,679 1,315 1,045,888

 40,469 4,886 35,583 2,900 17,051 17,047 0 0 4 0 494 205 56,234 2,381 2,315 133 61,063

 45,638 7,459 38,179 2,519 29,579 29,575 0 0 3 1 438 197 70,912 1,587 1,552 94 74,145

 79,293 12,045 67,248 6,023 128,406 128,330 0 0 11 64 203 511 202,391 6,161 5,981 200 214,733

 133,530 29,015 104,515 6,609 25,857 25,851 0 0 3 2 290 389 137,660 1,645 1,612 135 141,052

 87,427 13,378 74,049 5,863 23,253 23,249 0 0 1 2 342 315 103,822 769 704 135 105,429

 29,519 3,741 25,777 2,295 5,077 5,071 0 0 0 5 40 161 33,351 216 210 32 33,809

 20,0 2,8 17,1 1,2 3,3 3,3     3 1 22,1 4 3  23,0
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 4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the underlyin5. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.6. Refer to table 6 and the note on consolidation below.7. Refer to table 7 and the note on consolidation below.8. Refer to table 3 and the note on consolidation below.9. Refer to table 4 and the note on consolidation below.10. Refer to table 5 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 fore

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, M

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. Refnote on consolidation below.

H.4.1

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 Federawas 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 Commwas formed to purchase three-month U.S. dollar-denominated commercial paper from eligible issuers. On October 21, 2008, the Federal Reserve Board authseries of LLCs funded through the Money Market Investor Funding Facility. These LLCs, which became operational on November 24, 2008, were established denominated certificates of deposit, bank notes, and commercial paper from eligible issuers. On November 25, 2008, a loan was extended to Maiden Lane IImulti-sector collateralized debt obligations on which the Financial Products group of the American International Group, Inc. has written credit default swap cowas extended to Maiden Lane II LLC, which was formed to purchase residential mortgage-backed securities from the U.S. securities lending reinvestment pInternational 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 aassets 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 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 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 tab

9. Statement of Condition of Each Federal Reserve Bank, March 25, 2009 (continued)
H.4.1

Federal Reserve notes outstanding

Less: Notes held by F.R. Banks not subject to collateralization

Federal Reserve notes to be collateralized

Collateral held against Federal Reserve notes

Gold certificate accountSpecial drawing rights certificate accountU.S. Treasury, agency debt, and mortgage-backed securities pledged1,2

Other assets pledged

Memo:Total U.S. Treasury, agency debt, and mortgage-backed securities1,2

Less: Face value of securities under reverse repurchase agreements

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged

10. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' AccountsMillions of dollars

Federal Reserve notes and collateral Wednesday

 Mar 25, 2009

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.

 1,043,613 180,519 863,094 863,094 11,037 2,200 700,375 149,483 761,295 60,921 700,375