FEDERAL RESERVE statistical release

H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
                                                                                               May 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                                    May 27, 2009 May 20, 2009 May 28, 2008 May 27, 2009

Reserve Bank credit                                       2,074,457   -   90,672   +1,197,013    2,063,747
  Securities held outright                                1,108,234   +   22,634   +  617,170    1,107,447       
    U.S. Treasury securities (1)                            597,579   +   17,013   +  106,515      600,142
      Bills (2)                                              18,423            0   -   15,873       18,423
      Notes and bonds, nominal (2)                          532,965   +   16,737   +  120,573      534,022
      Notes and bonds, inflation-indexed (2)                 41,475   +      222   +    2,304       42,803
      Inflation compensation (3)                              4,716   +       55   -      490        4,894
    Federal agency debt securities (2)                       79,753   +    5,204   +   79,753       79,753
    Mortgage-backed securities (4)                          430,902   +      417   +  430,902      427,552
  Repurchase agreements (5)                                       0            0   -  105,036            0
  Term auction credit                                       372,541   -   56,294   +  222,541      372,540  
  Other loans                                               124,232   -    3,699   +   95,897      123,572
    Primary credit                                           38,153   -        2   +   22,203       38,047
    Secondary credit                                             29   +        9   +       28            0
    Seasonal credit                                              15   +        4   -       39           14
    Primary dealer and other broker-dealer credit (6)             0            0   -   12,329            0
    Asset-Backed Commercial Paper Money Market
      Mutual Fund Liquidity Facility                         26,423   -    1,698   +   26,423       25,944
    Credit extended to American International
      Group, Inc. (7)                                        44,157   -    1,551   +   44,157       44,116
    Term Asset-Backed Securities Loan Facility               15,454   -      461   +   15,454       15,451
    Other credit extensions                                       0            0            0            0
  Net portfolio holdings of Commercial Paper 
    Funding Facility LLC (8)                                154,694   -    6,087   +  154,694      149,389
  Net portfolio holdings of LLCs funded through
    the Money Market Investor Funding Facility (9)                0            0            0            0
  Net portfolio holdings of Maiden Lane LLC (10)             25,688   -        4   +   25,688       25,717
  Net portfolio holdings of Maiden Lane II LLC (11)          16,175   +       23   +   16,175       16,252
  Net portfolio holdings of Maiden Lane III LLC (12)         20,367   +       54   +   20,367       20,379
  Float                                                      -1,975   +       18   -      857       -2,861
  Central bank liquidity swaps (13)                         184,932   -   51,527   +  122,932      181,647
  Other Federal Reserve assets (14)                          69,568   +    4,208   +   27,441       69,666
Gold stock                                                   11,041            0            0       11,041
Special drawing rights certificate account                    2,200            0            0        2,200
Treasury currency outstanding (15)                           42,373   +       14   +    3,582       42,373
       
Total factors supplying reserve funds                     2,130,071   -   90,658   +1,200,595    2,119,361

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                                    May 27, 2009 May 20, 2009 May 28, 2008 May 27, 2009

Currency in circulation (15)                                908,704   +    3,902   +   85,426      910,303
Reverse repurchase agreements (16)                           70,028   +      260   +   32,554       65,879
  Foreign official and international accounts                70,028   +      260   +   32,554       65,879
  Dealers                                                         0            0            0            0
Treasury cash holdings                                          298   +        6   +       25          301
Deposits with F.R. Banks, other than reserve balances       233,566   -   27,660   +  221,140      217,653       
  U.S. Treasury, general account                             26,692   -   23,146   +   21,752       11,048
  U.S. Treasury, supplementary financing account            199,932   +        2   +  199,932      199,932
  Foreign official                                            2,380   -      335   +    2,282        2,132
  Service-related                                             4,226   -      117   -    2,887        4,226
    Required clearing balances                                4,226   -      117   -    2,887        4,226
    Adjustments to compensate for float                           0            0            0            0
  Other                                                         336   -    4,064   +       61          315
Other liabilities and capital (17)                           51,166   +      796   +    6,032       51,205

Total factors, other than reserve balances,                                        
   absorbing reserve funds                                1,263,762   -   22,695   +  345,177    1,245,341

Reserve balances with Federal Reserve Banks                 866,309   -   67,963   +  855,418      874,021
                                                                
Note: Components may not sum to totals because of rounding.

1. Includes securities lent to dealers under the overnight and term securities lending facilities; refer
   to table 1A.  
2. Face value of the securities. 
3. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed
   securities.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae.  Current face value of the securities, which is 
   the remaining principal balance of the underlying mortgages.  
5. Cash value of agreements.
6. Includes credit extended through the Primary Dealer Credit Facility and credit extended to certain
   other broker-dealers.
7. Excludes credit extended to consolidated LLCs.
8. Refer to table 7 and the note on consolidation accompanying table 10.
9. Refer to table 8 and the note on consolidation accompanying table 10.
10. Refer to table 4 and the note on consolidation accompanying table 10.
11. Refer to table 5 and the note on consolidation accompanying table 10.
12. Refer to table 6 and the note on consolidation accompanying table 10.
13. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when 
    the foreign currency is returned to the foreign central bank.  This exchange rate equals the market exchange 
    rate used when the foreign currency was acquired from the foreign central bank.
14. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates.
15. Estimated.
16. Cash value of agreements, which are collateralized by U.S. Treasury securities.
17. Includes the liabilities of Commercial Paper Funding Facility LLC, the LLCs funded through the Money Market 
    Investor Funding Facility, Maiden Lane LLC, Maiden Lane II LLC, and Maiden Lane III LLC to entities other 
    than the Federal Reserve Bank of New York, including liabilities that have recourse only to the portfolio 
    holdings of these LLCs.  Refer to table 4 through table 8 and the note on consolidation accompanying table 10.

Sources: Federal Reserve Banks and the U.S. Department of the Treasury.


1A. Memorandum Items 
Millions of dollars
                                                                   Averages of daily figures
Memorandum item                                           Week ended   Change from week ended     Wednesday
                                                         May 27, 2009 May 20, 2009 May 28, 2008 May 27, 2009

Marketable securities held in custody for foreign
      official and international accounts (1)             2,724,223   +   14,652   +  431,411    2,723,455
  U.S. Treasury securities                                1,909,937   +   15,845   +  564,434    1,908,946
  Federal agency securities (2)                             814,286   -    1,193   -  133,022      814,509
Securities lent to dealers                                   31,470   -    5,248   -   81,251       34,971   
  Overnight facility (3)                                      3,377   -      791   -    1,180        7,621
  Term facility (4)                                          28,093   -    4,457   -   80,071       27,350

Note: Components may not sum to totals because of rounding.

1. Face value of the securities.  Includes U.S. Treasury STRIPS, other zero-coupon bonds, and mortgage-backed 
   securities at face value.
2. Includes debt and mortgage-backed securities.
3. Fully collateralized by U.S. Treasury securities.
4. Fully collateralized by U.S. Treasury securities, federal agency securities, and other highly rated debt
   securities.

    
   


2. Maturity Distribution of Term Auction Credit, Other Loans, and Securities,       May 27, 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                  131,562     240,978         ---          ---           ---        ---     372,540
Other loans (1)                       34,090      29,802          113      59,567           ---        ---     123,572
U.S. Treasury securities (2) 
  Holdings                            15,618      25,691       61,765     241,533       137,233    118,302     600,142
  Weekly changes                  -    2,503  +    2,504   +    1,551  +    6,268    +    8,913 +      138  +   16,871
Federal agency debt securities (3) 
  Holdings                                 0         196        5,505      55,634        17,883        535      79,753
  Weekly changes                           0           0            0  +    2,821    +      258          0  +    3,079
Mortgage-backed securities (4)    
  Holdings                                 0           0            0           0             0    427,552     427,552
  Weekly changes                           0           0            0           0             0 -    3,928  -    3,928
Commercial paper held by
  Commercial Paper Funding 
  Facility LLC (5)                    16,862     129,642            0         ---           ---        ---     146,504
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)      98,834      82,813            0           0             0          0     181,647

Reverse repurchase agreements (7)     65,879           0          ---         ---           ---        ---      65,879
  
Note: Components may not sum to totals because of rounding.
---   Not applicable.

1. Excludes the loans from the Federal Reserve Bank of New York (FRBNY) to Commercial Paper Funding Facility LLC, the 
   LLCs funded through the Money Market Investor Funding Facility, Maiden Lane LLC, Maiden Lane II LLC, and Maiden 
   Lane III LLC.  The loans were eliminated when preparing the FRBNY's statement of condition consistent with 
   consolidation under generally accepted accounting principles.
2. Face value.  For inflation-indexed securities, includes the original face value and compensation that adjusts for 
   the effect of inflation on the original face value of such securities.
3. Face value.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae.  Current face value of the securities, which is the remaining 
   principal balance of the underlying mortgages.
5. Face value of commercial paper held by Commercial Paper Funding Facility LLC.
6. Face value of money market instruments held by LLCs funded through the Money Market Investor Funding Facility.
7. Cash value of agreements.
8. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign 
   currency is returned to the foreign central bank.  This exchange rate equals the market exchange rate used when the 
   foreign currency was acquired from the foreign central bank.


3. Supplemental Information on Mortgage-Backed Securities Purchase Program
Millions of dollars
                                                                                                  Wednesday
Account name                                                                                    May 27, 2009

Mortgage-backed securities held outright (1)                                                       427,552

Commitments to buy mortgage-backed securities (2)                                                  181,878
Commitments to sell mortgage-backed securities (2)                                                 114,311

Cash and cash equivalents (3)                                                                        1,160

1. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae.  Current face value of the securities, which is the
   remaining principal balance of the underlying mortgages.
2. Current face value.  Generally settle within 180 days and include commitments associated with outright
   transactions as well as dollar rolls.
3. This amount is included in other Federal Reserve assets in table 1 and in other assets in table 9 and table 10.


4. Information on Principal Accounts of Maiden Lane LLC
Millions of dollars
                                                                                                  Wednesday
Account name                                                                                    May 27, 2009
         
Net portfolio holdings of Maiden Lane LLC (1)                                                       25,717

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)                                   326
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3)        1,212
 
1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if
   the transaction were to be conducted in an orderly market on the measurement date.  Revalued quarterly. 
   This table reflects valuations as of     March 31, 2009.  Any assets purchased after this valuation date 
   are initially recorded at cost until their estimated fair value as of the purchase date becomes available.
2. Book value.  This amount was eliminated when preparing the Federal Reserve Bank of New York's statement
   of condition consistent with consolidation under generally accepted accounting principles.  Refer to
   the note on consolidation accompanying table 10.
3. Book value.  The fair value of these obligations is included in other liabilities and capital in table 1 
   and in other liabilities and accrued dividends in table 9 and table 10.

Note:  On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended credit to Maiden Lane LLC 
under the authority of section 13(3) of the Federal Reserve Act.  This limited liability company was formed 
to acquire certain assets of Bear Stearns and to manage those assets through time to maximize repayment of 
the credit extended and to minimize disruption to financial markets.  Payments by Maiden Lane LLC from the 
proceeds of the net portfolio holdings will be made in the following order: operating expenses of the LLC, 
principal due to the FRBNY, interest due to the FRBNY, principal due to JPMorgan Chase & Co., and interest 
due to JPMorgan Chase & Co.  Any remaining funds will be paid to the FRBNY.



5. Information on Principal Accounts of Maiden Lane II LLC
Millions of dollars
                                                                                                   Wednesday
Account name                                                                                     May 27, 2009

Net portfolio holdings of Maiden Lane II LLC (1)                                                     16,252

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)            17,877
Accrued interest payable to the Federal Reserve Bank of New York (2)                                    138
Deferred payment and accrued interest payable to subsidiaries of American International 
  Group, Inc. (3)                                                                                     1,017

1. Fair value.  Fair value reflects an estimate of the price that would be received upon selling an asset if 
   the transaction were to be conducted in an orderly market on the measurement date.  Revalued quarterly.  
   This table reflects valuations as of     March 31, 2009.  Any assets purchased after this valuation date 
   are initially recorded at cost until their estimated fair value as of the purchase date becomes available.
2. Book value.  This amount was eliminated when preparing the Federal Reserve Bank of New York's statement 
   of condition consistent with consolidation under generally accepted accounting principles.  Refer to the 
   note on consolidation accompanying table 10.
3. Book value.  The deferred payment represents the portion of the proceeds of the net portfolio holdings due 
   to subsidiaries of American International Group, Inc. in accordance with the asset purchase agreement.  
   The fair value of this payment and accrued interest payable are included in other liabilities and capital 
   in table 1 and in other liabilities and accrued dividends in table 9 and table 10.

Note:  On December 12, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden 
Lane II LLC under the authority of section 13(3) of the Federal Reserve Act.  This limited liability company 
was formed to purchase residential mortgage-backed securities from the U.S. securities lending reinvestment 
portfolio of subsidiaries of American International Group, Inc. (AIG subsidiaries).  Payments by Maiden 
Lane II LLC from the proceeds of the net portfolio holdings will be made in the following order:  operating 
expenses of Maiden Lane II LLC, principal due to the FRBNY, interest due to the FRBNY, and deferred payment 
and interest due to AIG subsidiaries.  Any remaining funds will be shared by the FRBNY and AIG subsidiaries.


6. Information on Principal Accounts of Maiden Lane III LLC
Millions of dollars
                                                                                                   Wednesday
Account name                                                                                     May 27, 2009

Net portfolio holdings of Maiden Lane III LLC (1)                                                    20,379

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)            22,992
Accrued interest payable to the Federal Reserve Bank of New York (2)                                    187
Outstanding principal amount and accrued interest on loan payable to American International
  Group, Inc. (3)                                                                                     5,093

1. Fair value.  Fair value reflects an estimate of the price that would be received upon selling an asset if 
   the transaction were to be conducted in an orderly market on the measurement date.  Revalued quarterly.  
   This table reflects valuations as of     March 31, 2009.  Any assets purchased after this valuation date 
   are initially recorded at cost until their estimated fair value as of the purchase date becomes available.
2. Book value.  This amount was eliminated when preparing the Federal Reserve Bank of New York's statement 
   of condition consistent with consolidation under generally accepted accounting principles.  Refer to the 
   note on consolidation accompanying table 10.
3. Book value.  The fair value of these obligations is included in other liabilities and capital in table 1 
   and in other liabilities and accrued dividends in table 9 and table 10.

Note: On November 25, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden Lane 
III LLC under the authority of section 13(3) of the Federal Reserve Act.  This limited liability company was 
formed to purchase multi-sector collateralized debt obligations (CDOs) on which the Financial Products group 
of American International Group, Inc. (AIG) has written credit default swap (CDS) contracts.  In connection 
with the purchase of CDOs, the CDS counterparties will concurrently unwind the related CDS transactions.  
Payments by Maiden Lane III LLC from the proceeds of the net portfolio holdings will be made in the following 
order: operating expenses of Maiden Lane III LLC, principal due to the FRBNY, interest due to the FRBNY, 
principal due to AIG, and interest due to AIG.  Any remaining funds will be shared by the FRBNY and AIG.


7. Information on Principal Accounts of Commercial Paper Funding Facility LLC
Millions of dollars
                                                                                                   Wednesday
Account name                                                                                     May 27, 2009

Commercial paper holdings, net (1)                                                                  145,718
Other investments, net                                                                                3,671
Net portfolio holdings of Commercial Paper Funding Facility LLC                                     149,389

Memorandum: Commercial paper holdings, face value                                                   146,504

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)           145,587
Accrued interest payable to the Federal Reserve Bank of New York (2)                                     40

1. Book value, which includes amortized cost and related fees.
2. Book value.  This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of 
   condition consistent with consolidation under generally accepted accounting principles.  Refer to the 
   note on consolidation accompanying table 10.

Note: On October 27, 2008, the Federal Reserve Bank of New York began extending loans under the authority of 
section 13(3) of the Federal Reserve Act to Commercial Paper Funding Facility LLC.  This LLC is a limited 
liability company formed to purchase three-month U.S. dollar-denominated commercial paper from eligible issuers 
and thereby foster liquidity in short-term funding markets and increase the availability of credit for 
businesses and households.


8. Information on Principal Accounts of LLCs Funded through the Money Market Investor Funding Facility 
Millions of dollars
                                                                                                   Wednesday
Account name                                                                                     May 27, 2009

Money market instrument holdings, net (1)                                                                 0
Other investments, net                                                                                    0
Net portfolio holdings of LLCs funded through the Money Market Investor Funding Facility                  0

Memorandum: Money market instrument holdings, face value                                                  0

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                 0
Accrued interest payable to the Federal Reserve Bank of New York (2)                                      0
Commercial paper issued by LLCs funded through the Money Market Investor Funding Facility, 
  net of related discounts                                                                                0

1. Book value, which includes amortized cost.
2. Book value.  This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of 
   condition consistent with consolidation under generally accepted accounting principles.  Refer to the note 
   on consolidation accompanying table 10.

Note:  The Federal Reserve Board authorized the Federal Reserve Bank of New York to extend credit under the 
authority of section 13(3) of the Federal Reserve Act to a series of limited liability companies funded through 
the Money Market Investor Funding Facility (MMIFF).  The MMIFF became operational on November 24, 2008.  These 
limited liability companies were established to purchase short-term U.S. dollar-denominated certificates of 
deposit, bank notes, and outstanding asset-backed commercial paper from eligible issuers.  Such purchases are 
designed to foster liquidity in short-term money markets.


9. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of dollars
                                                 Eliminations                          Change since
                                                     from       Wednesday        Wednesday        Wednesday
Assets, liabilities, and capital                consolidation May 27, 2009     May 20, 2009     May 28, 2008

Assets
Gold certificate account                                           11,037                0                0
Special drawing rights certificate account                          2,200                0                0
Coin                                                                1,790       -       28       +      472
Securities, repurchase agreements, term auction
      credit, and other loans                                   1,603,559       -   43,051       +  818,247
  Securities held outright                                      1,107,447       +   16,021       +  616,356
    U.S. Treasury securities (1)                                  600,142       +   16,871       +  109,051       
      Bills (2)                                                    18,423                0       -   15,873
      Notes and bonds, nominal (2)                                534,022       +   15,097       +  121,630
      Notes and bonds, inflation-indexed (2)                       42,803       +    1,550       +    3,632
      Inflation compensation (3)                                    4,894       +      223       -      338
    Federal agency debt securities (2)                             79,753       +    3,079       +   79,753
    Mortgage-backed securities (4)                                427,552       -    3,928       +  427,552
  Repurchase agreements (5)                                             0                0       -  115,000    
  Term auction credit                                             372,540       -   56,295       +  222,540
  Other loans                                                     123,572       -    2,777       +   94,350
Net portfolio holdings of Commercial Paper 
  Funding Facility LLC (6)                                        149,389       -    7,694       +  149,389
Net portfolio holdings of LLCs funded through
  the Money Market Investor Funding Facility (7)                        0                0                0
Net portfolio holdings of Maiden Lane LLC (8)                      25,717       +       34       +   25,717
Net portfolio holdings of Maiden Lane II LLC (9)                   16,252       +       89       +   16,252
Net portfolio holdings of 
  Maiden Lane III LLC (10)                                         20,379       +       14       +   20,379
Items in process of collection                         (527)        1,259       +      852       -      643
Bank premises                                                       2,198       +        2       +       46
Central bank liquidity swaps (11)                                 181,647       -   53,465       +  119,647
Other assets (12)                                                  66,233       +    1,746       +   26,602
     
      Total assets                                     (527)    2,081,659       -  101,502       +1,176,107

Note: Components may not sum to totals because of rounding.  Footnotes appear at the end of the table.


9. Consolidated Statement of Condition of All Federal Reserve Banks (continued)
Millions of dollars
                                                 Eliminations                          Change since
                                                     from       Wednesday        Wednesday        Wednesday
Assets, liabilities, and capital                consolidation May 27, 2009     May 20, 2009     May 28, 2008
                         
Liabilities
Federal Reserve notes, net of F.R. Bank holdings                  870,017       +    3,552       +   82,321
Reverse repurchase agreements (13)                                 65,879       -    1,879       +   27,514
Deposits                                                 (0)    1,090,438       -  105,524       +1,058,777       
  Depository institutions                                         877,011       -   78,209       +  850,123
  U.S. Treasury, general account                                   11,048       -   26,881       +    6,633
  U.S. Treasury, supplementary financing account                  199,932       +        2       +  199,932
  Foreign official                                                  2,132       -      469       +    2,034
  Other                                                  (0)          315       +       33       +       55
Deferred availability cash items                       (527)        4,120       +    1,316       +      511
Other liabilities and accrued dividends (14)                        6,283       -       85       +    2,571

      Total liabilities                                (527)    2,036,737       -  102,620       +1,171,695
                          
Capital accounts
Capital paid in                                                    24,027       +      200       +    4,113
Surplus                                                            19,174       +      630       +      695
Other capital accounts                                              1,721       +      288       -      396

      Total capital                                                44,922       +    1,118       +    4,412

Note: Components may not sum to totals because of rounding.

1. Includes securities lent to dealers under the overnight and term securities lending facilities; refer
   to table 1A.
2. Face value of the securities.
3. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed
   securities.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae.  Current face value of the securities, which is 
   the remaining principal balance of the underlying mortgages. 
5. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.
6. Refer to table 7 and the note on consolidation accompanying table 10.
7. Refer to table 8 and the note on consolidation accompanying table 10.
8. Refer to table 4 and the note on consolidation accompanying table 10.
9. Refer to table 5 and the note on consolidation accompanying table 10.
10. Refer to table 6 and the note on consolidation accompanying table 10.
11. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when 
    the foreign currency is returned to the foreign central bank.  This exchange rate equals the market 
    exchange rate used when the foreign currency was acquired from the foreign central bank. 
12. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates. 
13. Cash value of agreements, which are collateralized by U.S. Treasury securities.
14. Includes the liabilities of Commercial Paper Funding Facility LLC, the LLCs funded through the Money Market 
    Investor Funding Facility, Maiden Lane LLC, Maiden Lane II LLC, and Maiden Lane III LLC to entities other 
    than the Federal Reserve Bank of New York, including liabilities that have recourse only to the portfolio 
    holdings of these LLCs.  Refer to table 4 through table 8 and the note on consolidation accompanying table 10. 


10. Statement of Condition of Each Federal Reserve Bank,       May 27, 2009
Millions of dollars
                                                                                                                                                            Kansas                 San
Assets, liabilities, and capital               Total     Boston   New York Philadelphia Cleveland   Richmond   Atlanta    Chicago   St. Louis  Minneapolis   City      Dallas   Francisco

Assets                        
Gold certificate account                      11,037        412      3,895        450        467        882      1,356        911        329        197        335        621      1,182
Special drawing rights certificate acct.       2,200        115        874         83        104        147        166        212         71         30         66         98        234
Coin                                           1,790         67         80        149        143        236        202        222         38         62        129        177        286
Securities, repurchase agreements, term
      auction credit, and other loans      1,603,559     60,686    742,131     32,659     50,693    105,711    150,209    127,505     47,277     19,292     52,318     58,088    156,988
  Securities held outright                 1,107,447     21,244    432,874     17,181     43,753     39,909    133,432    119,838     43,386     18,334     49,989     53,547    133,960
    U.S. Treasury securities (1)             600,142     11,513    234,581      9,311     23,710     21,627     72,309     64,942     23,511      9,936     27,090     29,018     72,595
      Bills (2)                               18,423        353      7,201        286        728        664      2,220      1,994        722        305        832        891      2,228
      Notes and bonds (3)                    581,719     11,159    227,380      9,025     22,983     20,963     70,089     62,948     22,790      9,631     26,258     28,127     70,367
    Federal agency debt securities (2)        79,753      1,530     31,173      1,237      3,151      2,874      9,609      8,630      3,124      1,320      3,600      3,856      9,647
    Mortgage-backed securities (4)           427,552      8,202    167,120      6,633     16,892     15,408     51,514     46,266     16,750      7,078     19,299     20,673     51,718
  Repurchase agreements (5)                        0          0          0          0          0          0          0          0          0          0          0          0          0
  Term auction credit                        372,540     13,337    216,558     15,324      6,940     64,993     16,559      5,900      3,834        771      2,301      4,195     21,830     
  Other loans                                123,572     26,105     92,699        154          0        810        218      1,768         58        187         28        346      1,199
Net portfolio holdings of Commercial
  Paper Funding Facility LLC (6)             149,389          0    149,389          0          0          0          0          0          0          0          0          0          0
Net portfolio holdings of LLCs funded
  through the Money Market Investor
  Funding Facility (7)                             0          0          0          0          0          0          0          0          0          0          0          0          0
Net portfolio holdings of Maiden Lane 
  LLC (8)                                     25,717          0     25,717          0          0          0          0          0          0          0          0          0          0
Net portfolio holdings of Maiden
  Lane II LLC (9)                             16,252          0     16,252          0          0          0          0          0          0          0          0          0          0
Net portfolio holdings of Maiden
  Lane III LLC (10)                           20,379          0     20,379          0          0          0          0          0          0          0          0          0          0
Items in process of collection                 1,786         51          0        195        130         99        431        155        341         89        109         93         94
Bank premises                                  2,198        122        216         67        146        236        223        208        135        112        271        249        213
Central bank liquidity swaps (11)            181,647      7,586     42,667     20,800     13,945     53,730     14,480      6,320      1,884      2,914      1,868      2,435     13,017
Other assets (12)                             66,233      1,828     22,858      3,389      3,452      8,654      6,822      5,208      1,872      1,086      2,101      2,323      6,640
Interdistrict settlement account                   0  +  14,048  -  48,608  +     500  +   5,153  +  87,068  -  21,382  -  35,745  -  16,710  -   1,198  -   5,895  -   1,914  +  24,684

      Total assets                         2,082,185     84,913    975,849     58,292     74,234    256,763    152,506    104,996     35,236     22,584     51,303     62,169    203,339

Note: Components may not sum to totals because of rounding.  Footnotes appear at the end of the table.


10. Statement of Condition of Each Federal Reserve Bank,       May 27, 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           1,050,272     36,543    373,764     40,240     45,285     80,385    132,963     87,459     31,325     20,042     28,855     62,946    110,466
  Less: Notes held by F.R. Banks              180,255      4,612     58,148      5,029      7,565     11,760     28,284     12,463      4,100      2,934      3,137     18,822     23,401
    Federal Reserve notes, net                870,017     31,931    315,616     35,210     37,720     68,625    104,678     74,996     27,226     17,108     25,718     44,124     87,065
Reverse repurchase agreements (13)             65,879      1,264     25,750      1,022      2,603      2,374      7,937      7,129      2,581      1,091      2,974      3,185      7,969
Deposits                                    1,090,438     49,573    620,037     16,327     29,906    171,952     35,775     20,349      4,428      2,747     21,756     13,811    103,776
  Depository institutions                     877,011     49,558    406,753     16,323     29,902    171,851     35,772     20,347      4,420      2,747     21,755     13,810    103,774
  U.S. Treasury, general account               11,048          0     11,048          0          0          0          0          0          0          0          0          0          0
  U.S. Treasury, supplementary
    financing account                         199,932          0    199,932          0          0          0          0          0          0          0          0          0          0
  Foreign official                              2,132          2      2,103          4          3         11          3          1          0          1          0          1          3
  Other                                           315         13        201          0          1         90          0          1          7          0          1          0          0
Deferred availability cash items                4,647        147          0        664        541        193        417        516        335        402        265        275        891
Other liabilities and accrued                 
  dividends (14)                                6,283        146      3,501        182        211        501        425        338        165        117        141        191        364
   
      Total liabilities                     2,037,263     83,060    964,904     53,406     70,980    243,645    149,234    103,327     34,735     21,466     50,854     61,586    200,066
                              
Capital                    
Capital paid in                                24,027        920      7,240      2,427      1,619      6,522      1,562        792        238        633        206        273      1,593
Surplus                                        19,174        844      3,705      2,316      1,552      5,981      1,612        704        210        324        208        271      1,449
Other capital                                   1,721         89          0        144         83        614         98        174         54        160         34         39        231

      Total liabilities and capital         2,082,185     84,913    975,849     58,292     74,234    256,763    152,506    104,996     35,236     22,584     51,303     62,169    203,339
                              
Note: Components may not sum to totals because of rounding.  Footnotes appear at the end of the table.


10. Statement of Condition of Each Federal Reserve Bank,       May 27, 2009 (continued)

1. Includes securities lent to dealers under the overnight and term securities lending facilities; refer to table 1A.
2. Face value of the securities.
3. Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face value of such securities.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae.  Current face value of the securities, which is the remaining principal balance of the underlying mortgages. 
5. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.
6. Refer to table 7 and the note on consolidation below.
7. Refer to table 8 and the note on consolidation below.
8. Refer to table 4 and the note on consolidation below.
9. Refer to table 5 and the note on consolidation below.
10. Refer to table 6 and the note on consolidation below.
11. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank.  This 
    exchange rate equals the market exchange rate used when the foreign currency was acquired from the foreign central bank.
12. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates.
13. Cash value of agreements, which are collateralized by U.S. Treasury securities.
14. Includes the liabilities of Commercial Paper Funding Facility LLC, the LLCs funded through the Money Market Investor Funding Facility, Maiden Lane LLC, Maiden Lane II LLC, and  Maiden 
    Lane III LLC to entities other than the Federal Reserve Bank of New York, including liabilities that have recourse only to the portfolio holdings of these LLCs.  Refer to table 4 through 
    table 8 and the note on consolidation below.

Note on consolidation:

The Federal Reserve Bank of New York (FRBNY) has extended loans to several limited liability companies under the authority of section 13(3) of the Federal Reserve Act. On June 26, 2008, 
a loan was extended to Maiden Lane LLC, which was formed to acquire certain assets of Bear Stearns.  On October 27, 2008, the FRBNY began extending loans to Commercial Paper Funding 
Facility LLC, which was formed to purchase three-month U.S. dollar-denominated commercial paper from eligible issuers. On October 21, 2008, the Federal Reserve Board authorized the FRBNY 
to extend credit to a series of LLCs funded through the Money Market Investor Funding Facility.  These LLCs, which became operational on November 24, 2008, were established to purchase 
short-term U.S. dollar-denominated certificates of deposit, bank notes, and commercial paper from eligible issuers.  On November 25, 2008, a loan was extended to Maiden Lane III LLC, 
which was formed to purchase multi-sector collateralized debt obligations on which the Financial Products group of the American International Group, Inc. has written credit default swap 
contracts.  On December 12, 2008, a loan was extended to Maiden Lane II LLC, which was formed to purchase residential mortgage-backed securities from the U.S. securities lending 
reinvestment portfolio of subsidiaries of American International Group, Inc.

The FRBNY is the sole beneficiary of Commercial Paper Funding Facility LLC and the primary beneficiary of the other LLCs cited above. Consistent with generally accepted accounting principles, 
the assets and liabilities of these LLCs have been consolidated with the assets and liabilities of the FRBNY in the preparation of the statements of condition shown on this release.  As a 
consequence of the consolidation, the extensions of credit from the FRBNY to the LLCs are eliminated, the net assets of the LLCs appear as assets on the previous page (and in table 1 and 
table 9), and the liabilities of the LLCs to entities other than the FRBNY, including those with recourse only to the portfolio holdings of the LLCs, are included in other liabilities in 
this table (and table 1 and table 9).


11. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts
Millions of dollars

Federal Reserve notes and collateral                                                              Wednesday
                                                                                                May 27, 2009
              
Federal Reserve notes outstanding                                                                1,050,272
  Less: Notes held by F.R. Banks not subject to collateralization                                  180,255
    Federal Reserve notes to be collateralized                                                     870,017 
Collateral held against Federal Reserve notes                                                      870,017
  Gold certificate account                                                                          11,037
  Special drawing rights certificate account                                                         2,200
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                         856,780
  Other assets pledged                                                                                   0

Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                           1,107,447
  Less: Face value of securities under reverse repurchase agreements                                65,897
    U.S. Treasury, agency debt, and mortgage-backed securities
    eligible to be pledged                                                                       1,041,549
   
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.