FEDERAL RESERVE statistical release

H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
                                                                                          December 28, 2009
1. Factors Affecting Reserve Balances of Depository Institutions
Millions of dollars
Reserve Bank credit, related items, and                            Averages of daily figures
reserve balances of depository institutions at            Week ended   Change from week ended     Wednesday
Federal Reserve Banks                                    Dec 23, 2009 Dec 16, 2009 Dec 24, 2008 Dec 23, 2009

Reserve Bank credit                                       2,214,291   +   23,723   +   33,595    2,220,854
  Securities held outright (1)                            1,839,748   +   32,416   +1,343,754    1,846,887       
    U.S. Treasury securities                                776,572   +       11   +  300,505      776,576
      Bills (2)                                              18,423            0            0       18,423
      Notes and bonds, nominal (2)                          707,649            0   +  297,158      707,649
      Notes and bonds, inflation-indexed (2)                 44,643            0   +    3,572       44,643
      Inflation compensation (3)                              5,858   +       11   -      224        5,862
    Federal agency debt securities (2)                      158,555   +    1,767   +  138,628      159,879
    Mortgage-backed securities (4)                          904,621   +   30,637   +  904,621      910,433
  Repurchase agreements (5)                                       0            0   -   80,000            0
  Term auction credit                                        75,918   -    9,914   -  344,888       75,918  
  Other loans                                                87,080   +      309   -  109,788       87,978
    Primary credit                                           18,749   -      344   -   67,511       18,810
    Secondary credit                                            960   +      748   +      909          955
    Seasonal credit                                              37   +        1   +       34           36
    Primary dealer and other broker-dealer credit (6)             0            0   -   45,679            0
    Asset-Backed Commercial Paper Money Market
      Mutual Fund Liquidity Facility                              0            0   -   24,858            0
    Credit extended to American International
      Group, Inc., net (7)                                   20,285   -      363   -   19,733       20,470
    Term Asset-Backed Securities Loan Facility, net (8)      47,049   +      267   +   47,049       47,708
    Other credit extensions                                       0            0            0            0
  Net portfolio holdings of Commercial Paper 
    Funding Facility LLC (9)                                 14,044   +       12   -  311,752       14,055
  Net portfolio holdings of Maiden Lane LLC (10)             26,579   +       75   -      339       26,585
  Net portfolio holdings of Maiden Lane II LLC (11)          15,578   +        6   -    4,455       15,581
  Net portfolio holdings of Maiden Lane III LLC (12)         22,643   +       19   -    5,442       22,650
  Net portfolio holdings of TALF LLC (13)                       280   +       14   +      280          298
  Preferred interests in AIA Aurora LLC and ALICO
    Holdings LLC (14)                                        25,000            0   +   25,000       25,000
  Float                                                      -1,584   +      269   -      415       -2,088
  Central bank liquidity swaps (15)                          12,072   -    2,420   -  531,541       10,272
  Other Federal Reserve assets (16)                          96,934   +    2,937   +   53,182       97,717
Gold stock                                                   11,041            0            0       11,041
Special drawing rights certificate account                    5,200            0   +    3,000        5,200
Treasury currency outstanding (17)                           42,705   +       14   +    4,031       42,705
       
Total factors supplying reserve funds                     2,273,237   +   23,737   +   40,626    2,279,800

Note: Components may not sum to totals because of rounding.  Footnotes appear at the end of the table.


1. Factors Affecting Reserve Balances of Depository Institutions (continued)
Millions of dollars
Reserve 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                                    Dec 23, 2009 Dec 16, 2009 Dec 24, 2008 Dec 23, 2009

Currency in circulation (17)                                925,120   +    2,407   +   43,828      929,211
Reverse repurchase agreements (18)                           61,043   +    3,814   -   26,715       60,725
  Foreign official and international accounts                61,043   +    4,174   -   26,715       60,725
  Dealers                                                         0   -      360            0            0
Treasury cash holdings                                          229   +        9   -        6          232
Deposits with F.R. Banks, other than reserve balances       115,529   +   12,365   -  310,128      140,874       
  U.S. Treasury, general account                             94,951   +   18,210   -   30,982      119,439
  U.S. Treasury, supplementary financing account             15,000            0   -  274,247       15,000
  Foreign official                                            1,944   +      420   +    1,300        2,295
  Service-related                                             3,025   -      169   -    1,389        3,025
    Required clearing balances                                3,025   -      107   -    1,360        3,025
    Adjustments to compensate for float                           0   -       62   -       29            0
  Other                                                         609   -    6,097   -    4,809        1,115
Other liabilities and capital (19)                           67,740   -    1,782   +   14,705       66,663

Total factors, other than reserve balances,                                        
   absorbing reserve funds                                1,169,661   +   16,813   -  278,315    1,197,705

Reserve balances with Federal Reserve Banks               1,103,576   +    6,925   +  318,941    1,082,095
                                                                
Note: Components may not sum to totals because of rounding.

1. Includes securities lent to dealers under the overnight and term securities lending facilities; refer
   to table 1A.  
2. Face value of the securities. 
3. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed
   securities.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae.  Current face value of the securities, which is 
   the remaining principal balance of the underlying mortgages.  
5. Cash value of agreements.
6. Includes credit extended through the Primary Dealer Credit Facility and credit extended to certain
   other broker-dealers.
7. Includes outstanding principal and capitalized interest net of unamortized deferred commitment fees and 
   allowance for loan restructuring.  Excludes credit extended to consolidated LLCs.
8. Includes credit extended by the Federal Reserve Bank of New York to eligible borrowers through the Term 
   Asset-Backed Securities Loan Facility, net of unamortized deferred administrative fees.
9. Refer to table 7 and the note on consolidation accompanying table 11.
10. Refer to table 4 and the note on consolidation accompanying table 11.
11. Refer to table 5 and the note on consolidation accompanying table 11.
12. Refer to table 6 and the note on consolidation accompanying table 11.
13. Refer to table 8 and the note on consolidation accompanying table 11.
14. Refer to table 9.
15. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when 
    the foreign currency is returned to the foreign central bank.  This exchange rate equals the market exchange 
    rate used when the foreign currency was acquired from the foreign central bank.
16. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates,
    and accrued dividends on the Federal Reserve Bank of New York's preferred interests in AIA Aurora LLC and 
    ALICO Holdings LLC.
17. Estimated.
18. Cash value of agreements, which are collateralized by U.S. Treasury securities and federal agency debt 
    securities.
19. Includes the liabilities of Commercial Paper Funding Facility LLC, Maiden Lane LLC, Maiden Lane II LLC,  
    Maiden Lane III LLC, and TALF LLC to entities other than the Federal Reserve Bank of New York, including 
    liabilities that have recourse only to the portfolio holdings of these LLCs.  Refer to table 4 through 
    table 8 and the note on consolidation accompanying table 11.

Sources: Federal Reserve Banks and the U.S. Department of the Treasury.


1A. Memorandum Items 
Millions of dollars
                                                                   Averages of daily figures
Memorandum item                                           Week ended   Change from week ended     Wednesday
                                                         Dec 23, 2009 Dec 16, 2009 Dec 24, 2008 Dec 23, 2009

Marketable securities held in custody for foreign
      official and international accounts (1)             2,957,714   +    9,212   +  448,022    2,954,241
  U.S. Treasury securities                                2,187,272   +   10,210   +  502,575    2,184,809
  Federal agency securities (2)                             770,442   -      999   -   54,553      769,433
Securities lent to dealers                                    8,493   -      401   -  176,073        8,155   
  Overnight facility (3)                                      8,493   -      401   +    1,523        8,155
    U.S. Treasury securities                                  7,628   -      373   +      658        7,269
    Federal agency debt securities                              865   -       28   +      865          886
  Term facility (4)                                               0            0   -  177,596            0

Note: Components may not sum to totals because of rounding.

1. Face value of the securities.  Includes U.S. Treasury STRIPS, other zero-coupon bonds, and mortgage-backed 
   securities at face value.
2. Includes debt and mortgage-backed securities.
3. Fully collateralized by U.S. Treasury securities.
4. U.S. Treasury securities only. Fully collateralized by U.S. Treasury securities, federal agency securities, and other highly rated debt securities. 






2. Maturity Distribution of Term Auction Credit, Other Loans, and Securities,  December 23, 2009
Millions of dollars

Remaining maturity                 Within 15  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                        0      75,918         ---          ---           ---        ---      75,918
Other loans (1)                       15,271       4,529            0      68,178             0        ---      87,978
U.S. Treasury securities (2) 
  Holdings                            15,982      23,993       49,800     329,284       212,769    144,748     776,576
  Weekly changes                  -    3,520  +    3,520   +        1  +        3    +        3 +        5  +       11
Federal agency debt securities (3) 
  Holdings                                 0       3,114       21,528      99,402        33,788      2,047     159,879
  Weekly changes                           0  +      246   +      178  +    1,548    +      222          0  +    2,194
Mortgage-backed securities (4)    
  Holdings                                 0           0            0           0             0    910,433     910,433
  Weekly changes                           0           0            0           0             0 +    9,202  +    9,202
Commercial paper held by
  Commercial Paper Funding 
  Facility LLC (5)                         0       9,440            0         ---           ---        ---       9,440
Asset-backed securities held by
  TALF LLC (6)                             0           0            0           0             0          0           0
Repurchase agreements (7)                  0           0          ---         ---           ---        ---           0
Central bank liquidity swaps (8)       6,506       3,766            0           0             0          0      10,272

Reverse repurchase agreements (7)     60,725           0          ---         ---           ---        ---      60,725
  
Note: Components may not sum to totals because of rounding.
---   Not applicable.

1. Excludes the loans from the Federal Reserve Bank of New York (FRBNY) to Commercial Paper Funding Facility LLC, Maiden 
   Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC.  The loans were eliminated when preparing the FRBNY's 
   statement of condition consistent with consolidation under generally accepted accounting principles.
2. Face value.  For inflation-indexed securities, includes the original face value and compensation that adjusts for 
   the effect of inflation on the original face value of such securities.
3. Face value.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae.  Current face value of the securities, which is the remaining 
   principal balance of the underlying mortgages.
5. Face value of commercial paper held by Commercial Paper Funding Facility LLC.
6. Face value of asset-backed securities held by TALF LLC, which is the remaining principal balance of the underlying assets.
7. Cash value of agreements.
8. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign 
   currency is returned to the foreign central bank.  This exchange rate equals the market exchange rate used when the 
   foreign currency was acquired from the foreign central bank.


3. Supplemental Information on Mortgage-Backed Securities Purchase Program
Millions of dollars
                                                                                                  Wednesday
Account name                                                                                    Dec 23, 2009

Mortgage-backed securities held outright (1)                                                       910,433

Commitments to buy mortgage-backed securities (2)                                                  148,133
Commitments to sell mortgage-backed securities (2)                                                       0

Cash and cash equivalents (3)                                                                        1,656

1. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae.  Current face value of the securities, which is the
   remaining principal balance of the underlying mortgages.
2. Current face value.  Generally settle within 180 days and include commitments associated with outright
   transactions as well as dollar rolls.
3. This amount is included in other Federal Reserve assets in table 1 and in other assets in table 10 and table 11.


4. Information on Principal Accounts of Maiden Lane LLC
Millions of dollars
                                                                                                  Wednesday
Account name                                                                                    Dec 23, 2009
         
Net portfolio holdings of Maiden Lane LLC (1)                                                       26,585

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)           28,820
Accrued interest payable to the Federal Reserve Bank of New York (2)                                   410
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3)        1,247
 
1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if
   the transaction were to be conducted in an orderly market on the measurement date.  Revalued quarterly. 
   This table reflects valuations as of September 30, 2009.  Any assets purchased after this valuation date 
   are initially recorded at cost until their estimated fair value as of the purchase date becomes available.
2. Book value.  This amount was eliminated when preparing the Federal Reserve Bank of New York's statement
   of condition consistent with consolidation under generally accepted accounting principles.  Refer to
   the note on consolidation accompanying table 11.
3. Book value.  The fair value of these obligations is included in other liabilities and capital in table 1 
   and in other liabilities and accrued dividends in table 10 and table 11.

Note:  On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended credit to Maiden Lane LLC 
under the authority of section 13(3) of the Federal Reserve Act.  This limited liability company was formed 
to acquire certain assets of Bear Stearns and to manage those assets through time to maximize repayment of 
the credit extended and to minimize disruption to financial markets.  Payments by Maiden Lane LLC from the 
proceeds of the net portfolio holdings will be made in the following order: operating expenses of the LLC, 
principal due to the FRBNY, interest due to the FRBNY, principal due to JPMorgan Chase & Co., and interest 
due to JPMorgan Chase & Co.  Any remaining funds will be paid to the FRBNY.



5. Information on Principal Accounts of Maiden Lane II LLC
Millions of dollars
                                                                                                   Wednesday
Account name                                                                                     Dec 23, 2009

Net portfolio holdings of Maiden Lane II LLC (1)                                                     15,581

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)            15,739
Accrued interest payable to the Federal Reserve Bank of New York (2)                                    261
Deferred payment and accrued interest payable to subsidiaries of American International 
  Group, Inc. (3)                                                                                     1,036

1. Fair value.  Fair value reflects an estimate of the price that would be received upon selling an asset if 
   the transaction were to be conducted in an orderly market on the measurement date.  Revalued quarterly.  
   This table reflects valuations as of September 30, 2009.  Any assets purchased after this valuation date 
   are initially recorded at cost until their estimated fair value as of the purchase date becomes available.
2. Book value.  This amount was eliminated when preparing the Federal Reserve Bank of New York's statement 
   of condition consistent with consolidation under generally accepted accounting principles.  Refer to the 
   note on consolidation accompanying table 11.
3. Book value.  The deferred payment represents the portion of the proceeds of the net portfolio holdings due 
   to subsidiaries of American International Group, Inc. in accordance with the asset purchase agreement.  
   The fair value of this payment and accrued interest payable are included in other liabilities and capital 
   in table 1 and in other liabilities and accrued dividends in table 10 and table 11.

Note:  On December 12, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden 
Lane II LLC under the authority of section 13(3) of the Federal Reserve Act.  This limited liability company 
was formed to purchase residential mortgage-backed securities from the U.S. securities lending reinvestment 
portfolio of subsidiaries of American International Group, Inc. (AIG subsidiaries).  Payments by Maiden 
Lane II LLC from the proceeds of the net portfolio holdings will be made in the following order:  operating 
expenses of Maiden Lane II LLC, principal due to the FRBNY, interest due to the FRBNY, and deferred payment 
and interest due to AIG subsidiaries.  Any remaining funds will be shared by the FRBNY and AIG subsidiaries.


6. Information on Principal Accounts of Maiden Lane III LLC
Millions of dollars
                                                                                                   Wednesday
Account name                                                                                     Dec 23, 2009

Net portfolio holdings of Maiden Lane III LLC (1)                                                    22,650

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)            18,159
Accrued interest payable to the Federal Reserve Bank of New York (2)                                    336
Outstanding principal amount and accrued interest on loan payable to American International
  Group, Inc. (3)                                                                                     5,189

1. Fair value.  Fair value reflects an estimate of the price that would be received upon selling an asset if 
   the transaction were to be conducted in an orderly market on the measurement date.  Revalued quarterly.  
   This table reflects valuations as of September 30, 2009.  Any assets purchased after this valuation date 
   are initially recorded at cost until their estimated fair value as of the purchase date becomes available.
2. Book value.  This amount was eliminated when preparing the Federal Reserve Bank of New York's statement 
   of condition consistent with consolidation under generally accepted accounting principles.  Refer to the 
   note on consolidation accompanying table 11.
3. Book value.  The fair value of these obligations is included in other liabilities and capital in table 1 
   and in other liabilities and accrued dividends in table 10 and table 11.

Note: On November 25, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden Lane 
III LLC under the authority of section 13(3) of the Federal Reserve Act.  This limited liability company was 
formed to purchase multi-sector collateralized debt obligations (CDOs) on which the Financial Products group 
of American International Group, Inc. (AIG) has written credit default swap (CDS) contracts.  In connection 
with the purchase of CDOs, the CDS counterparties will concurrently unwind the related CDS transactions.  
Payments by Maiden Lane III LLC from the proceeds of the net portfolio holdings will be made in the following 
order: operating expenses of Maiden Lane III LLC, principal due to the FRBNY, interest due to the FRBNY, 
principal due to AIG, and interest due to AIG.  Any remaining funds will be shared by the FRBNY and AIG.


7. Information on Principal Accounts of Commercial Paper Funding Facility LLC
Millions of dollars
                                                                                                   Wednesday
Account name                                                                                     Dec 23, 2009

Commercial paper holdings, net (1)                                                                    9,233
Other investments, net                                                                                4,822
Net portfolio holdings of Commercial Paper Funding Facility LLC                                      14,055

Memorandum: Commercial paper holdings, face value                                                     9,440

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)             9,374
Accrued interest payable to the Federal Reserve Bank of New York (2)                                      4

1. Book value, which includes amortized cost and related fees.
2. Book value.  This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of 
   condition consistent with consolidation under generally accepted accounting principles.  Refer to the 
   note on consolidation accompanying table 11.

Note: On October 27, 2008, the Federal Reserve Bank of New York began extending loans under the authority of 
section 13(3) of the Federal Reserve Act to Commercial Paper Funding Facility LLC.  This LLC is a limited 
liability company formed to purchase three-month U.S. dollar-denominated commercial paper from eligible issuers 
and thereby foster liquidity in short-term funding markets and increase the availability of credit for 
businesses and households.


8. Information on Principal Accounts of TALF LLC
Millions of dollars
                                                                                                   Wednesday
Account name                                                                                     Dec 23, 2009

Asset-backed securities holdings (1)                                                                      0
Other investments, net                                                                                  298
Net portfolio holdings of TALF LLC                                                                      298

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                 0
Accrued interest payable to the Federal Reserve Bank of New York (2)                                      0
Funding provided by U.S. Treasury to TALF LLC, including accrued interest payable (3)                   103

1. Fair value.  Fair value reflects an estimate of the price that would be received upon selling an asset if 
   the transaction were to be conducted in an orderly market on the measurement date.  
2. Book value.  This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of 
   condition consistent with consolidation under generally accepted accounting principles.  Refer to the note 
   on consolidation accompanying table 11.
3. Book value.  The fair value of these obligations is included in other liabilities and capital in table 1 
   and in other liabilities and accrued dividends in table 10 and table 11.

Note:  On November 25, 2008, the Federal Reserve announced the creation of the Term Asset-Backed Securities Loan
Facility (TALF) under the authority of section 13(3) of the Federal Reserve Act.  The TALF is a facility under 
which the Federal Reserve Bank of New York (FRBNY) extends loans with a term of up to five years to holders of 
eligible asset-backed securities.  The TALF is intended to assist financial markets in accommodating the credit 
needs of consumers and businesses by facilitating the issuance of asset-backed securities collateralized by a 
variety of consumer and business loans. The loans provided through the TALF to eligible borrowers are non-recourse, 
meaning that the obligation of the borrower can be discharged by surrendering the collateral to the FRBNY.  The 
loans are extended for the market value of the security less an amount known as a haircut.  As a result, the 
borrower bears the initial risk of a decline in the value of the security. 

TALF LLC is a limited liability company formed to purchase and manage any asset-backed securities received by
the FRBNY in connection with the decision of a borrower not to repay a TALF loan. TALF LLC has committed, for a 
fee, to purchase all asset-backed securities received by the FRBNY in conjunction with a TALF loan at a price 
equal to the TALF loan plus accrued but unpaid interest.  Losses on asset-backed securities held by TALF LLC 
will be offset in the following order: by the commitment fees collected by TALF LLC, by the interest received on 
investments of TALF LLC, by up to $20 billion in subordinated debt funding provided by the U.S. Treasury, and 
finally, by senior debt funding provided by the FRBNY.  Payments by TALF LLC from the proceeds of its net portfolio 
holdings will be made in the following order: operating expenses of TALF LLC, principal due to the FRBNY, principal 
due to the U.S. Treasury, interest due to the FRBNY, and interest due to the U.S. Treasury.  Any remaining funds 
will be shared by the FRBNY and the U.S. Treasury.


9.  Supplemental Information on the Federal Reserve Bank of New York's Preferred Interests in AIA Aurora LLC and 
    ALICO Holdings LLC
Millions of dollars
                                                                                                   Wednesday
Account name                                                                                     Dec 23, 2009

Preferred interests in AIA Aurora LLC and ALICO Holdings LLC (1)                                     25,000
Accrued dividends on preferred interests in AIA Aurora LLC and ALICO Holdings LLC (2)                    79

Preferred interests in AIA Aurora LLC (1)                                                            16,000
Accrued dividends on preferred interests in AIA Aurora LLC (2)                                           50

Preferred interests in ALICO Holdings LLC (1)                                                         9,000
Accrued dividends on preferred interests in ALICO Holdings LLC (2)                                       28

Note:  Components may not sum to totals because of rounding.

1. Book value.
2. This amount is included in other Federal Reserve assets in table 1 and in other assets in table 10 and table 11.

Note on preferred interests:  

In conjunction with the restructuring of the government's assistance to American 
International Group, Inc. (AIG) announced March 2, 2009, the outstanding balance and amount available of revolving 
credit provided to AIG by the FRBNY has been reduced in exchange for preferred interests in two special purpose 
vehicles, AIA Aurora LLC and ALICO Holdings LLC.  These two limited liability companies were created to directly or 
indirectly hold all of the outstanding common stock of American International Assurance Company Ltd. (AIA) and 
American Life Insurance Company (ALICO), two life insurance subsidiaries of AIG.  AIG will retain control of AIA 
Aurora LLC and ALICO Holdings LLC, and the FRBNY will have certain consent, disposition, and conversion rights with 
respect to its preferred interests.

Dividends accrue as a percentage of the FRBNY's preferred interests in AIA Aurora LLC and ALICO Holdings LLC.  On a 
quarterly basis, the accrued dividends are capitalized and added to the FRBNY's preferred interests in AIA Aurora LLC 
and ALICO Holdings LLC.


10. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of dollars
                                                 Eliminations                          Change since
                                                     from       Wednesday        Wednesday        Wednesday
Assets, liabilities, and capital                consolidation Dec 23, 2009     Dec 16, 2009     Dec 24, 2008

Assets
Gold certificate account                                           11,037                0                0
Special drawing rights certificate account                          5,200                0       +    3,000
Coin                                                                2,051       +        6       +      371
Securities, repurchase agreements, term auction
      credit, and other loans                                   2,010,783       +    3,276       +  797,042
  Securities held outright (1)                                  1,846,887       +   11,407       +1,349,995
    U.S. Treasury securities                                      776,576       +       11       +  300,562       
      Bills (2)                                                    18,423                0                0
      Notes and bonds, nominal (2)                                707,649                0       +  297,158
      Notes and bonds, inflation-indexed (2)                       44,643                0       +    3,572
      Inflation compensation (3)                                    5,862       +       11       -      167
    Federal agency debt securities (2)                            159,879       +    2,194       +  139,001
    Mortgage-backed securities (4)                                910,433       +    9,202       +  910,433
  Repurchase agreements (5)                                             0                0       -   80,000    
  Term auction credit                                              75,918       -    9,914       -  374,301
  Other loans                                                      87,978       +    1,783       -   98,652
Net portfolio holdings of Commercial Paper 
  Funding Facility LLC (6)                                         14,055       +       16       -  317,631
Net portfolio holdings of Maiden Lane LLC (7)                      26,585       +        7       -      381
Net portfolio holdings of Maiden Lane II LLC (8)                   15,581       +        3       -    4,468
Net portfolio holdings of 
  Maiden Lane III LLC (9)                                          22,650       +        8       -    5,541
Net portfolio holdings of TALF LLC (10)                               298       +       32       +      298
Preferred interests in AIA Aurora LLC and 
  ALICO Holdings LLC (11)                                          25,000                0       +   25,000
Items in process of collection                         (253)          373       +       48       -      830
Bank premises                                                       2,245       +        6       +       59
Central bank liquidity swaps (12)                                  10,272       -    4,220       -  542,456
Other assets (13)                                                  92,873       +      852       +   50,738
     
      Total assets                                     (253)    2,239,003       +       35       +    5,202

Note: Components may not sum to totals because of rounding.  Footnotes appear at the end of the table.


10. Consolidated Statement of Condition of All Federal Reserve Banks (continued)
Millions of dollars
                                                 Eliminations                          Change since
                                                     from       Wednesday        Wednesday        Wednesday
Assets, liabilities, and capital                consolidation Dec 23, 2009     Dec 16, 2009     Dec 24, 2008
                         
Liabilities
Federal Reserve notes, net of F.R. Bank holdings                  888,785       +    5,398       +   39,069
Reverse repurchase agreements (14)                                 60,725       +    3,178       -   27,592
Deposits                                                 (0)    1,220,369       -    1,844       -   21,615       
  Depository institutions                                       1,082,520       +    9,225       +  263,116
  U.S. Treasury, general account                                  119,439       -   12,718       +    1,381
  U.S. Treasury, supplementary financing account                   15,000                0       -  274,247
  Foreign official                                                  2,295       +      855       +    1,105
  Other                                                  (0)        1,115       +      794       -   12,970
Deferred availability cash items                       (253)        2,460       -      185       -       77
Other liabilities and accrued dividends (15)                       14,539       -    6,388       +    5,809

      Total liabilities                                (253)    2,186,878       +      160       -    4,406
                          
Capital accounts
Capital paid in                                                    25,643       +        6       +    4,572
Surplus                                                            21,473       +        8       +    4,627
Other capital accounts                                              5,008       -      141       +      408

      Total capital                                                52,124       -      127       +    9,607

Note: Components may not sum to totals because of rounding.

1. Includes securities lent to dealers under the overnight and term securities lending facilities; refer
   to table 1A.
2. Face value of the securities.
3. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed
   securities.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae.  Current face value of the securities, which is 
   the remaining principal balance of the underlying mortgages. 
5. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.
6. Refer to table 7 and the note on consolidation accompanying table 11.
7. Refer to table 4 and the note on consolidation accompanying table 11.
8. Refer to table 5 and the note on consolidation accompanying table 11.
9. Refer to table 6 and the note on consolidation accompanying table 11.
10. Refer to table 8 and the note on consolidation accompanying table 11.
11. Refer to table 9.
12. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when 
    the foreign currency is returned to the foreign central bank.  This exchange rate equals the market 
    exchange rate used when the foreign currency was acquired from the foreign central bank. 
13. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates,
    and accrued dividends on the Federal Reserve Bank of New York's preferred interests in AIA Aurora LLC and 
    ALICO Holdings LLC.
14. Cash value of agreements, which are collateralized by U.S. Treasury securities and federal agency debt 
    securities.
15. Includes the liabilities of Commercial Paper Funding Facility LLC, Maiden Lane LLC, Maiden Lane II LLC,  
    Maiden Lane III LLC, and TALF LLC to entities other than the Federal Reserve Bank of New York, including 
    liabilities that have recourse only to the portfolio holdings of these LLCs.  Refer to table 4 through 
    table 8 and the note on consolidation accompanying table 11. 


11. Statement of Condition of Each Federal Reserve Bank,  December 23, 2009
Millions of dollars
                                                                                                                                                            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                                           2,051         65         76        167        152        294        222        300         32         62        138        218        325
Securities, repurchase agreements, term
      auction credit, and other loans      2,010,783     39,588    867,215     30,358     73,720     67,630    222,972    202,139     72,960     30,823     84,316     89,693    229,368
  Securities held outright (1)             1,846,887     35,429    721,903     28,653     72,967     66,556    222,524    199,853     72,354     30,576     83,367     89,300    223,406
    U.S. Treasury securities                 776,576     14,897    303,544     12,048     30,681     27,985     93,567     84,034     30,423     12,857     35,054     37,549     93,937
      Bills (2)                               18,423        353      7,201        286        728        664      2,220      1,994        722        305        832        891      2,228
      Notes and bonds (3)                    758,153     14,544    296,343     11,762     29,953     27,322     91,347     82,040     29,702     12,552     34,222     36,658     91,709
    Federal agency debt securities (2)       159,879      3,067     62,493      2,480      6,317      5,762     19,263     17,301      6,263      2,647      7,217      7,730     19,339
    Mortgage-backed securities (4)           910,433     17,465    355,866     14,125     35,969     32,809    109,695     98,519     35,667     15,073     41,096     44,021    110,129
  Repurchase agreements (5)                        0          0          0          0          0          0          0          0          0          0          0          0          0
  Term auction credit                         75,918      4,052     58,254      1,613        751        995        363      1,934        593        214        941        390      5,818     
  Other loans                                 87,978        107     87,058         92          2         79         85        352         13         33          8          4        145
Net portfolio holdings of Commercial
  Paper Funding Facility LLC (6)              14,055          0     14,055          0          0          0          0          0          0          0          0          0          0
Net portfolio holdings of Maiden Lane 
  LLC (7)                                     26,585          0     26,585          0          0          0          0          0          0          0          0          0          0
Net portfolio holdings of Maiden
  Lane II LLC (8)                             15,581          0     15,581          0          0          0          0          0          0          0          0          0          0
Net portfolio holdings of Maiden
  Lane III LLC (9)                            22,650          0     22,650          0          0          0          0          0          0          0          0          0          0
Net portfolio holdings of TALF LLC (10)          298          0        298          0          0          0          0          0          0          0          0          0          0
Preferred interests in AIA Aurora LLC
  and ALICO Holdings LLC (11)                 25,000          0     25,000          0          0          0          0          0          0          0          0          0          0
Items in process of collection                   625         24          0         82        123         10        147         43         22         30         31         43         70
Bank premises                                  2,245        121        263         70        145        238        222        206        135        111        268        254        213
Central bank liquidity swaps (12)             10,272        411      2,733      1,128        756      2,915        785        343        102        158        101        132        706
Other assets (13)                             92,873      2,340     33,141      3,900      4,531      9,778     10,003      8,055      2,883      1,524      3,277      3,587      9,853
Interdistrict settlement account                   0  +   7,201  +  84,852  +  36,341  -  17,136  + 189,880  -  76,304  -  90,199  -  36,111  -   8,752  -  34,878  -  21,830  -  33,064

      Total assets                         2,239,255     50,359  1,098,163     72,707     62,995    272,038    160,058    122,223     40,503     24,243     53,742     72,999    209,227

Note: Components may not sum to totals because of rounding.  Footnotes appear at the end of the table.


11. Statement of Condition of Each Federal Reserve Bank,  December 23, 2009 (continued)
Millions of dollars
                                                                                                                                                            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           1,082,347     35,897    398,723     38,662     44,998     82,596    136,302     85,603     31,114     19,386     28,825     63,160    117,081
  Less: Notes held by F.R. Banks              193,562      3,696     71,667      5,846      7,808     10,209     32,101     12,223      4,147      2,649      3,073     13,627     26,514
    Federal Reserve notes, net                888,785     32,201    327,056     32,816     37,190     72,387    104,201     73,380     26,967     16,737     25,752     49,532     90,567
Reverse repurchase agreements (14)             60,725      1,165     23,736        942      2,399      2,188      7,317      6,571      2,379      1,005      2,741      2,936      7,345
Deposits                                    1,220,369     14,803    722,709     33,056     18,794    182,645     44,014     39,784     10,223      4,551     24,293     19,194    106,303
  Depository institutions                   1,082,520     14,789    585,016     33,051     18,789    182,563     44,011     39,750     10,220      4,550     24,288     19,193    106,299
  U.S. Treasury, general account              119,439          0    119,439          0          0          0          0          0          0          0          0          0          0
  U.S. Treasury, supplementary
    financing account                          15,000          0     15,000          0          0          0          0          0          0          0          0          0          0
  Foreign official                              2,295          2      2,265          4          3         11          3          1          0          1          0          1          3
  Other                                         1,115         12        990          0          2         70          0         32          2          0          4          0          1
Deferred availability cash items                2,713         72          0        283        385         90        287        242         79        320        149        171        635
Other liabilities and accrued                 
  dividends (15)                               14,539        223      9,175        268        384        710        911        774        326        190        323        398        858
   
      Total liabilities                     2,187,131     48,464  1,082,676     67,365     59,152    258,020    156,730    120,752     39,973     22,803     53,257     72,231    205,708
                              
Capital                    
Capital paid in                                25,643        944      7,440      2,802      1,910      7,139      1,581        624        240        712        210        353      1,687
Surplus                                        21,473        844      6,001      2,316      1,551      5,983      1,612        704        209        324        207        271      1,450
Other capital                                   5,008        107      2,046        223        382        896        135        143         80        404         67        144        381

      Total liabilities and capital         2,239,255     50,359  1,098,163     72,707     62,995    272,038    160,058    122,223     40,503     24,243     53,742     72,999    209,227
                              
Note: Components may not sum to totals because of rounding.  Footnotes appear at the end of the table.


11. Statement of Condition of Each Federal Reserve Bank,  December 23, 2009 (continued)

1. Includes securities lent to dealers under the overnight and term securities lending facilities; refer to table 1A.
2. Face value of the securities.
3. Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face value of such securities.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae.  Current face value of the securities, which is the remaining principal balance of the underlying mortgages. 
5. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.
6. Refer to table 7 and the note on consolidation below.
7. Refer to table 4 and the note on consolidation below.
8. Refer to table 5 and the note on consolidation below.
9. Refer to table 6 and the note on consolidation below.
10. Refer to table 8 and the note on consolidation below.
11. Refer to table 9.
12. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank.  This 
    exchange rate equals the market exchange rate used when the foreign currency was acquired from the foreign central bank.
13. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates, and accrued dividends on the Federal Reserve Bank of New York's 
    preferred interests in AIA Aurora LLC and ALICO Holdings LLC.
14. Cash value of agreements, which are collateralized by U.S. Treasury securities and federal agency debt securities.
15. Includes the liabilities of Commercial Paper Funding Facility LLC, Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to entities other than the Federal Reserve 
    Bank of New York, including liabilities that have recourse only to the portfolio holdings of these LLCs.  Refer to table 4 through table 8 and the note on consolidation below.

Note on consolidation:

The Federal Reserve Bank of New York (FRBNY) has extended loans to several limited liability companies under the authority of section 13(3) of the Federal Reserve Act. On June 26, 2008, 
a loan was extended to Maiden Lane LLC, which was formed to acquire certain assets of Bear Stearns.  On October 27, 2008, the FRBNY began extending loans to Commercial Paper Funding 
Facility LLC, which was formed to purchase three-month U.S. dollar-denominated commercial paper from eligible issuers. On November 25, 2008, a loan was extended to Maiden Lane III LLC, 
which was formed to purchase multi-sector collateralized debt obligations on which the Financial Products group of the American International Group, Inc. has written credit default swap 
contracts.  On December 12, 2008, a loan was extended to Maiden Lane II LLC, which was formed to purchase residential mortgage-backed securities from the U.S. securities lending 
reinvestment portfolio of subsidiaries of American International Group, Inc.  On November 25, 2008, the Federal Reserve Board authorized the FRBNY to extend credit to TALF LLC, which was 
formed to purchase and manage any asset-backed securities received by the FRBNY in connection with the decision of a borrower not to repay a loan extended under the Term Asset-Backed 
Securities Loan Facility.

The FRBNY is the sole beneficiary of Commercial Paper Funding Facility LLC.  The FRBNY is the primary beneficiary of TALF LLC, because of the two beneficiaries of the LLC, the FRBNY and the 
U.S. Treasury, the FRBNY is primarily responsible for directing the financial activities of TALF LLC.  The FRBNY is the primary beneficiary of the other LLCs cited above because it will receive 
a majority of any residual returns of the LLCs and absorb a majority of any residual losses of the LLCs.  Consistent with generally accepted accounting principles, the assets and liabilities of 
these LLCs have been consolidated with the assets and liabilities of the FRBNY in the preparation of the statements of condition shown on this release.  As a consequence of the consolidation, 
the extensions of credit from the FRBNY to the LLCs are eliminated, the net assets of the LLCs appear as assets on the previous page (and in table 1 and table 10), and the liabilities of the
LLCs to entities other than the FRBNY, including those with recourse only to the portfolio holdings of the LLCs, are included in other liabilities in this table (and table 1 and table 10).


12. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts
Millions of dollars

Federal Reserve notes and collateral                                                              Wednesday
                                                                                                Dec 23, 2009
              
Federal Reserve notes outstanding                                                                1,082,347
  Less: Notes held by F.R. Banks not subject to collateralization                                  193,562
    Federal Reserve notes to be collateralized                                                     888,785 
Collateral held against Federal Reserve notes                                                      888,785
  Gold certificate account                                                                          11,037
  Special drawing rights certificate account                                                         5,200
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                         872,548
  Other assets pledged                                                                                   0

Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                           1,846,887
  Less: Face value of securities under reverse repurchase agreements                                60,330
    U.S. Treasury, agency debt, and mortgage-backed securities
    eligible to be pledged                                                                       1,786,557
   
Note: Components may not sum to totals because of rounding.

1. Includes face value of U.S. Treasury, agency debt, and mortgage-backed securities held outright, 
   compensation to adjust for the effect of inflation on the original face value of inflation-indexed 
   securities, and cash value of repurchase agreements.
2. Includes securities lent to dealers under the overnight and term securities lending facilities; refer
   to table 1A.