FEDERAL RESERVE statistical release

H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
                                                                                             March 19, 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                                    Mar 18, 2009 Mar 11, 2009 Mar 19, 2008 Mar 18, 2009

Reserve Bank credit                                       2,041,409   +  163,743   +1,162,536    2,050,609
  Securities held outright                                  746,647   +  162,583   +   69,753      759,465       
    U.S. Treasury securities (1)                            474,688   +       42   -  202,206      474,704
      Bills (2)                                              18,423            0   -  146,793       18,423
      Notes and bonds, nominal (2)                          412,914            0   -   55,667      412,914
      Notes and bonds, inflation-indexed (2)                 39,378            0   +      941       39,378
      Inflation compensation (3)                              3,974   +       42   -      686        3,990
    Federal agency debt securities (2)                       45,468   +    4,985   +   45,468       48,272
    Mortgage-backed securities (4)                          226,490   +  157,555   +  226,490      236,489
  Repurchase agreements (5)                                       0            0   -   61,107            0
  Term auction credit                                       468,589   -   24,556   +  388,589      468,589  
  Other loans                                               138,179   +    5,061   +  119,130      135,342
    Primary credit                                           65,683   +    2,196   +   65,602       64,047
    Secondary credit                                             11   +       11   +       11            1
    Seasonal credit                                               3   +        1   -        4            3
    Primary dealer and other broker-dealer credit (6)        19,675   -       58   +    6,242       20,075
    Asset-backed Commercial Paper Money Market
      Mutual Fund Liquidity Facility                          9,229   +    1,677   +    9,229        7,634
    Credit extended to American International
      Group, Inc. (7)                                        43,579   +    1,235   +   43,579       43,581
    Other credit extensions                                       0            0   -    5,529            0
  Net portfolio holdings of Commercial Paper 
    Funding Facility LLC (8)                                241,030   +      372   +  241,030      240,713
  Net portfolio holdings of LLCs funded through
    the Money Market Investor Funding Facility (9)                0            0            0            0
  Net portfolio holdings of Maiden Lane LLC (10)             26,183   +       65   +   26,183       26,212
  Net portfolio holdings of Maiden Lane II LLC (11)          18,429   +        3   +   18,429       18,439
  Net portfolio holdings of Maiden Lane III LLC (12)         27,601   +      138   +   27,601       27,628
  Float                                                      -2,226   +      244   -      659       -2,545
  Central bank liquidity swaps (13)                         329,586   +   15,717   +  329,586      329,012
  Other Federal Reserve assets (14)                          47,390   +    4,115   +    4,000       47,754
Gold stock                                                   11,041            0            0       11,041
Special drawing rights certificate account                    2,200            0            0        2,200
Treasury currency outstanding (15)                           38,828   +       14   +      149       38,828
       
Total factors supplying reserve funds                     2,093,478   +  163,757   +1,162,685    2,102,678

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                                    Mar 18, 2009 Mar 11, 2009 Mar 19, 2008 Mar 18, 2009

Currency in circulation (15)                                898,352   +    1,040   +   81,383      899,428
Reverse repurchase agreements (16)                           65,580   -    2,145   +   24,870       65,027
  Foreign official and international accounts                65,580   -    2,145   +   25,906       65,027
  Dealers                                                         0            0   -    1,036            0
Treasury cash holdings                                          305   +        9   +       32          310
Deposits with F.R. Banks, other than reserve balances       297,175   +   13,873   +  284,904      307,568       
  U.S. Treasury, general account                             72,723   +   23,827   +   67,571      100,379
  U.S. Treasury, supplementary financing account            199,937   -        8   +  199,937      199,937
  Foreign official                                            2,103   +      562   +    2,000        2,490
  Service-related                                             4,466   +        1   -    2,287        4,466
    Required clearing balances                                4,466   +        1   -    2,287        4,466
    Adjustments to compensate for float                           0            0            0            0
  Other                                                      17,946   -   10,509   +   17,682          295
Other liabilities and capital (17)                           54,215   +    1,871   +    9,481       54,520

Total factors, other than reserve balances,                                        
   absorbing reserve funds                                1,315,628   +   14,649   +  400,671    1,326,853

Reserve balances with Federal Reserve Banks                 777,850   +  149,107   +  762,014      775,825
                                                                
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.


1A. Memorandum Items 
Millions of dollars
                                                                   Averages of daily figures
Memorandum item                                           Week ended   Change from week ended     Wednesday
                                                         Mar 18, 2009 Mar 11, 2009 Mar 19, 2008 Mar 18, 2009

Marketable securities held in custody for foreign
      official and international accounts (1)             2,590,195   -    1,160   +  421,697    2,593,836
  U.S. Treasury securities                                1,782,138   +    1,643   +  501,796    1,780,836
  Federal agency securities (2)                             808,058   -    2,802   -   80,098      813,000
Securities lent to dealers                                  109,753   -    2,580   +   97,525      109,384   
  Overnight facility (3)                                      3,633   -      401   -    8,595        3,264
  Term facility (4,5)                                       106,120   -    2,179   +  106,120      106,120

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 18, 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.


2. Maturity Distribution of Term Auction Credit, Other Loans, and Securities,     March 18, 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                  102,954     365,635         ---          ---           ---        ---     468,589
Other loans (1)                       80,130      11,576           55      43,581           ---        ---     135,342
U.S. Treasury securities (2) 
  Holdings                            17,130      27,381       60,924     168,678       100,928     99,663     474,704
  Weekly changes                  +        5  -      438   +      191  -      258    +      330 +      214  +       43
Federal agency debt securities (3) 
  Holdings                               571           0        4,090      33,731         9,714        166      48,272
  Weekly changes                  -      628           0   +    1,523  +    2,280    +      665          0  +    3,840
Mortgage-backed securities (4)    
  Holdings                                 0           0            0           0             0    236,489     236,489
  Weekly changes                           0           0            0           0             0 +  167,531  +  167,531
Commercial paper held by
  Commercial Paper Funding 
  Facility LLC (5)                    12,194     227,213            0         ---           ---        ---     239,407
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)     141,712     187,300            0           0             0          0     329,012

Reverse repurchase agreements (7)     65,027           0          ---         ---           ---        ---      65,027
  
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. Information on Principal Accounts of Maiden Lane LLC
Millions of dollars
                                                                                                  Wednesday
Account name                                                                                    Mar 18, 2009
         
Net portfolio holdings of Maiden Lane LLC (1)                                                       26,212

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)                                   298
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3)        1,200
 
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.



4. Information on Principal Accounts of Maiden Lane II LLC
Millions of dollars
                                                                                                   Wednesday
Account name                                                                                     Mar 18, 2009

Net portfolio holdings of Maiden Lane II LLC (1)                                                     18,439

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)            18,543
Accrued interest payable to the Federal Reserve Bank of New York (2)                                     86
Deferred payment and accrued interest payable to subsidiaries of American International 
  Group, Inc. (3)                                                                                     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.


5. Information on Principal Accounts of Maiden Lane III LLC
Millions of dollars
                                                                                                   Wednesday
Account name                                                                                     Mar 18, 2009

Net portfolio holdings of Maiden Lane III LLC (1)                                                    27,628

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)            24,036
Accrued interest payable to the Federal Reserve Bank of New York (2)                                    120
Outstanding principal amount and accrued interest on loan payable to American International
  Group, Inc. (3)                                                                                     5,059

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.


6. Information on Principal Accounts of Commercial Paper Funding Facility LLC
Millions of dollars
                                                                                                   Wednesday
Account name                                                                                     Mar 18, 2009

Commercial paper holdings, net (1)                                                                  238,190
Other investments, net                                                                                2,522
Net portfolio holdings of Commercial Paper Funding Facility LLC                                     240,713

Memorandum: Commercial paper holdings, face value                                                   239,407

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)           238,101
Accrued interest payable to the Federal Reserve Bank of New York (2)                                     73

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. 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.


7. Information on Principal Accounts of LLCs Funded through the Money Market Investor Funding Facility 
Millions of dollars
                                                                                                   Wednesday
Account name                                                                                     Mar 18, 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 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.


8. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of dollars
                                                 Eliminations                          Change since
                                                     from       Wednesday        Wednesday        Wednesday
Assets, liabilities, and capital                consolidation Mar 18, 2009     Mar 11, 2009     Mar 19, 2008

Assets
Gold certificate account                                           11,037                0                0
Special drawing rights certificate account                          2,200                0                0
Coin                                                                1,827       -        8       +      511
Securities, repurchase agreements, term auction
      credit, and other loans                                   1,363,396       +  147,531       +  531,986
  Securities held outright                                        759,465       +  171,414       +   98,981
    U.S. Treasury securities (1)                                  474,704       +       43       -  185,780       
      Bills (2)                                                    18,423                0       -  133,937
      Notes and bonds, nominal (2)                                412,914                0       -   52,096
      Notes and bonds, inflation-indexed (2)                       39,378                0       +      941
      Inflation compensation (3)                                    3,990       +       43       -      688
    Federal agency debt securities (2)                             48,272       +    3,840       +   48,272
    Mortgage-backed securities (4)                                236,489       +  167,531       +  236,489
  Repurchase agreements (5)                                             0                0       -   62,000    
  Term auction credit                                             468,589       -   24,556       +  388,589
  Other loans                                                     135,342       +      673       +  106,417
Net portfolio holdings of Commercial Paper 
  Funding Facility LLC (6)                                        240,713       -      145       +  240,713
Net portfolio holdings of LLCs funded through
  the Money Market Investor Funding Facility (7)                        0                0                0
Net portfolio holdings of Maiden Lane LLC (8)                      26,212       +       34       +   26,212
Net portfolio holdings of Maiden Lane II LLC (9)                   18,439       +       12       +   18,439
Net portfolio holdings of 
  Maiden Lane III LLC (10)                                         27,628       +       31       +   27,628
Items in process of collection                         (330)          388       -      216       -    1,098
Bank premises                                                       2,187       +        1       +       46
Central bank liquidity swaps (11)                                 329,012       +   16,551       +  329,012
Other assets (12)                                                  45,582       +    3,844       +    4,424
     
      Total assets                                     (330)    2,068,620       +  167,634       +1,177,873

Note: Components may not sum to totals because of rounding.  Footnotes appear at the end of the table.


8. 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 Mar 18, 2009     Mar 11, 2009     Mar 19, 2008
                         
Liabilities
Federal Reserve notes, net of F.R. Bank holdings                  862,732       +      467       +   81,531
Reverse repurchase agreements (13)                                 65,027       -    1,358       +   18,884
Deposits                                                 (0)    1,083,408       +  167,824       +1,067,483       
  Depository institutions                                         780,306       +  147,816       +  770,131
  U.S. Treasury, general account                                  100,379       +   65,948       +   95,015
  U.S. Treasury, supplementary financing account                  199,937       -        8       +  199,937
  Foreign official                                                  2,490       +      697       +    2,391
  Other                                                  (0)          295       -   46,631       +        7
Deferred availability cash items                       (330)        2,933       -      787       -      332
Other liabilities and accrued dividends (14)                        9,405       +      281       +    5,328

      Total liabilities                                (330)    2,023,505       +  166,427       +1,172,894
                          
Capital accounts
Capital paid in                                                    22,533       +      173       +    3,005
Surplus                                                            21,140       +      193       +    2,682
Other capital accounts                                              1,443       +      842       -      707

      Total capital                                                45,115       +    1,207       +    4,979

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. 


9. Statement of Condition of Each Federal Reserve Bank,     March 18, 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        424      3,935        453        423        891      1,221        913        344        199        349        636      1,249
Special drawing rights certificate acct.       2,200        115        874         83        104        147        166        212         71         30         66         98        234
Coin                                           1,827         63         80        157        149        251        216        218         44         61        125        180        283
Securities, repurchase agreements, term
      auction credit, and other loans      1,363,396     59,740    623,869     76,543     40,718    153,342     88,528     75,414     31,002     20,427     30,339     37,952    125,521
  Securities held outright                   759,465     31,855    270,213     33,159     28,799     68,867     75,565     67,030     26,244     14,338     27,886     31,503     84,005
    U.S. Treasury securities (1)             474,704     19,911    168,897     20,726     18,001     43,045     47,232     41,897     16,404      8,962     17,430     19,691     52,507
      Bills (2)                               18,423        773      6,555        804        699      1,671      1,833      1,626        637        348        676        764      2,038
      Notes and bonds (3)                    456,281     19,138    162,342     19,922     17,302     41,375     45,399     40,271     15,767      8,614     16,754     18,927     50,470
    Federal agency debt securities (2)        48,272      2,025     17,175      2,108      1,830      4,377      4,803      4,260      1,668        911      1,772      2,002      5,339
    Mortgage-backed securities (4)           236,489      9,919     84,141     10,325      8,968     21,444     23,530     20,872      8,172      4,465      8,683      9,810     26,158
  Repurchase agreements (5)                        0          0          0          0          0          0          0          0          0          0          0          0          0
  Term auction credit                        468,589     20,010    231,676     43,288     11,911     83,833     12,753      6,469      4,638      5,749      2,416      6,025     39,823     
  Other loans                                135,342      7,876    121,981         96          9        643        209      1,915        120        340         37        424      1,693
Net portfolio holdings of Commercial
  Paper Funding Facility LLC (6)             240,713          0    240,713          0          0          0          0          0          0          0          0          0          0
Net portfolio holdings of LLCs funded
  through the Money Market Investor
  Funding Facility (7)                             0          0          0          0          0          0          0          0          0          0          0          0          0
Net portfolio holdings of Maiden Lane 
  LLC (8)                                     26,212          0     26,212          0          0          0          0          0          0          0          0          0          0
Net portfolio holdings of Maiden
  Lane II LLC (9)                             18,439          0     18,439          0          0          0          0          0          0          0          0          0          0
Net portfolio holdings of Maiden
  Lane III LLC (10)                           27,628          0     27,628          0          0          0          0          0          0          0          0          0          0
Items in process of collection                   718         39          0        116         73         39         93         57         26         67         28         82         98
Bank premises                                  2,187        122        210         65        146        233        224        207        134        112        272        250        212
Central bank liquidity swaps (11)            329,012     13,146     88,161     36,046     24,167     93,114     25,094     10,953      3,265      5,051      3,237      4,219     22,558
Other assets (12)                             45,582      1,852     14,302      3,651      2,547      8,742      3,916      2,621        974        780      1,024      1,210      3,964
Interdistrict settlement account                   0  +   1,087  +   5,436  -  57,938  +     860  -  33,014  +  20,085  +  18,731  -   2,087  -   3,478  +  12,452  +  15,219  +  22,648

      Total assets                         2,068,950     76,588  1,049,860     59,176     69,187    223,744    139,543    109,327     33,773     23,248     47,893     59,846    176,766

Note: Components may not sum to totals because of rounding.  Footnotes appear at the end of the table.


9. Statement of Condition of Each Federal Reserve Bank,     March 18, 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           1,043,003     37,457    365,268     40,725     45,825     79,715    133,742     87,682     29,556     20,121     29,376     62,489    111,048
  Less: Notes held by F.R. Banks              180,271      5,457     54,888      4,978      7,426     12,143     29,564     13,397      3,682      2,830      3,350     16,975     25,581
    Federal Reserve notes, net                862,732     31,999    310,381     35,747     38,399     67,572    104,178     74,285     25,874     17,291     26,025     45,514     85,467
Reverse repurchase agreements (13)             65,027      2,727     23,136      2,839      2,466      5,897      6,470      5,739      2,247      1,228      2,388      2,697      7,193
Deposits                                    1,083,408     39,757    696,864     15,152     24,604    137,408     24,862     27,019      5,001      3,413     18,756     10,605     79,966
  Depository institutions                     780,306     39,739    393,884     15,147     24,600    137,331     24,859     27,018      4,995      3,413     18,755     10,605     79,962
  U.S. Treasury, general account              100,379          0    100,379          0          0          0          0          0          0          0          0          0          0
  U.S. Treasury, supplementary
    financing account                         199,937          0    199,937          0          0          0          0          0          0          0          0          0          0
  Foreign official                              2,490          2      2,461          4          3         11          3          1          0          1          0          1          3
  Other                                           295         16        203          1          1         66          0          0          5          0          1          0          2
Deferred availability cash items                3,264         90          0        507        355        230        286        372         36        357        146        258        626
Other liabilities and accrued                 
  dividends (14)                                9,405        168      6,764        199        191        490        371        309        160        112        127        178        335
   
      Total liabilities                     2,023,835     74,742  1,037,144     54,444     66,014    211,597    136,168    107,725     33,318     22,401     47,442     59,253    173,587
                              
Capital                    
Capital paid in                                22,533        903      6,360      2,363      1,587      6,161      1,645        769        216        485        215        285      1,544
Surplus                                        21,140        844      5,671      2,315      1,552      5,981      1,612        704        210        324        208        271      1,449
Other capital                                   1,443         99        684         54         33          5        118        129         30         38         28         37        187

      Total liabilities and capital         2,068,950     76,588  1,049,860     59,176     69,187    223,744    139,543    109,327     33,773     23,248     47,893     59,846    176,766
                              
Note: Components may not sum to totals because of rounding.  Footnotes appear at the end of the table.


9. Statement of Condition of Each Federal Reserve Bank,     March 18, 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 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 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 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 8), 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 8).


10. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts
Millions of dollars

Federal Reserve notes and collateral                                                              Wednesday
                                                                                                Mar 18, 2009
              
Federal Reserve notes outstanding                                                                1,043,003
  Less: Notes held by F.R. Banks not subject to collateralization                                  180,271
    Federal Reserve notes to be collateralized                                                     862,732 
Collateral held against Federal Reserve notes                                                      862,732
  Gold certificate account                                                                          11,037
  Special drawing rights certificate account                                                         2,200
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1)                           698,663
  Other assets pledged                                                                             150,832

Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1)                               759,465
  Less: Face value of securities under reverse repurchase agreements                                60,802
    U.S. Treasury, agency debt, and mortgage-backed securities
    eligible to be pledged                                                                         698,663
   
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.