FEDERAL RESERVE statistical release

H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
                                                                                               May 21, 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 20, 2009 May 13, 2009 May 21, 2008 May 20, 2009

Reserve Bank credit                                       2,165,129   +   48,642   +1,293,676    2,165,293
  Securities held outright                                1,085,600   +   59,951   +  582,769    1,091,426       
    U.S. Treasury securities (1)                            580,566   +   11,140   +   77,735      583,271
      Bills (2)                                              18,423            0   -   22,732       18,423
      Notes and bonds, nominal (2)                          516,228   +   11,114   +   98,837      518,925
      Notes and bonds, inflation-indexed (2)                 41,253            0   +    2,082       41,253
      Inflation compensation (3)                              4,661   +       25   -      453        4,671
    Federal agency debt securities (2)                       74,549   +    2,440   +   74,549       76,674
    Mortgage-backed securities (4)                          430,485   +   46,370   +  430,485      431,480
  Repurchase agreements (5)                                       0            0   -  123,357            0
  Term auction credit                                       428,835            0   +  303,835      428,835  
  Other loans                                               127,931   +    3,974   +  100,140      126,349
    Primary credit                                           38,155   -    1,717   +   24,619       37,881
    Secondary credit                                             20   +       20   +       20          140
    Seasonal credit                                              11   +        2   -       35           11
    Primary dealer and other broker-dealer credit (6)             0   -      482   -   14,209            0
    Asset-Backed Commercial Paper Money Market
      Mutual Fund Liquidity Facility                         28,121   -      660   +   28,121       27,291
    Credit extended to American International
      Group, Inc. (7)                                        45,708   +        6   +   45,708       45,110
    Term Asset-Backed Securities Loan Facility               15,915   +    6,805   +   15,915       15,916
    Other credit extensions                                       0            0            0            0
  Net portfolio holdings of Commercial Paper 
    Funding Facility LLC (8)                                160,781   -    6,145   +  160,781      157,083
  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)             25,692   +       17   +   25,692       25,683
  Net portfolio holdings of Maiden Lane II LLC (11)          16,152   +        8   +   16,152       16,163
  Net portfolio holdings of Maiden Lane III LLC (12)         20,313   +       82   +   20,313       20,365
  Float                                                      -1,993   +      127   -    1,078       -2,396
  Central bank liquidity swaps (13)                         236,459   -   10,041   +  184,459      235,112
  Other Federal Reserve assets (14)                          65,360   +      671   +   23,971       66,673
Gold stock                                                   11,041            0            0       11,041
Special drawing rights certificate account                    2,200            0            0        2,200
Treasury currency outstanding (15)                           42,359   +       14   +    3,582       42,359
       
Total factors supplying reserve funds                     2,220,729   +   48,656   +1,297,258    2,220,893

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 20, 2009 May 13, 2009 May 21, 2008 May 20, 2009

Currency in circulation (15)                                904,802   -       12   +   87,041      906,713
Reverse repurchase agreements (16)                           69,768   +    1,749   +   31,420       67,758
  Foreign official and international accounts                69,768   +    1,749   +   31,420       67,758
  Dealers                                                         0            0            0            0
Treasury cash holdings                                          292   +        2   +       41          297
Deposits with F.R. Banks, other than reserve balances       261,226   -   31,081   +  249,398      245,085       
  U.S. Treasury, general account                             49,838   -   26,221   +   45,439       37,929
  U.S. Treasury, supplementary financing account            199,930   -        3   +  199,930      199,930
  Foreign official                                            2,715   +      773   +    2,617        2,601
  Service-related                                             4,343   +        4   -    2,701        4,343
    Required clearing balances                                4,343   +        4   -    2,701        4,343
    Adjustments to compensate for float                           0            0            0            0
  Other                                                       4,400   -    5,634   +    4,112          282
Other liabilities and capital (17)                           50,370   +    2,026   +    5,500       50,172

Total factors, other than reserve balances,                                        
   absorbing reserve funds                                1,286,457   -   27,316   +  373,399    1,270,025

Reserve balances with Federal Reserve Banks                 934,272   +   75,972   +  923,860      950,868
                                                                
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 20, 2009 May 13, 2009 May 21, 2008 May 20, 2009

Marketable securities held in custody for foreign
      official and international accounts (1)             2,709,571   +   25,930   +  432,899    2,719,019
  U.S. Treasury securities                                1,894,092   +   26,676   +  556,471    1,901,006
  Federal agency securities (2)                             815,479   -      746   -  123,572      818,013
Securities lent to dealers                                   36,718   -    1,303   -   94,351       37,974   
  Overnight facility (3)                                      4,168   -    1,303   -    4,774        5,424
  Term facility (4)                                          32,550            0   -   89,577       32,550

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 20, 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                  243,369     185,466         ---          ---           ---        ---     428,835
Other loans (1)                       36,100      29,109          113      61,026           ---        ---     126,349
U.S. Treasury securities (2) 
  Holdings                            18,121      23,187       60,214     235,265       128,320    118,164     583,271
  Weekly changes                  -    6,923  +    5,947   -    4,784  +    5,369    +      904 +    5,667  +    6,180
Federal agency debt securities (3) 
  Holdings                                 0         196        5,505      52,813        17,625        535      76,674
  Weekly changes                           0           0   +      735  +    2,984             0          0  +    3,719
Mortgage-backed securities (4)    
  Holdings                                 0           0            0           0             0    431,480     431,480
  Weekly changes                           0           0            0           0             0 -       65  -       65
Commercial paper held by
  Commercial Paper Funding 
  Facility LLC (5)                    21,914     132,422            0         ---           ---        ---     154,336
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)     159,376      75,736            0           0             0          0     235,112

Reverse repurchase agreements (7)     67,758           0          ---         ---           ---        ---      67,758
  
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 20, 2009

Mortgage-backed securities held outright (1)                                                       431,480

Commitments to buy mortgage-backed securities (2)                                                  148,615
Commitments to sell mortgage-backed securities (2)                                                 106,455

Cash and cash equivalents (3)                                                                        1,247

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 20, 2009
         
Net portfolio holdings of Maiden Lane LLC (1)                                                       25,683

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)                                   323
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3)        1,211
 
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 20, 2009

Net portfolio holdings of Maiden Lane II LLC (1)                                                     16,163

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)                                    133
Deferred payment and accrued interest payable to subsidiaries of American International 
  Group, Inc. (3)                                                                                     1,016

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 20, 2009

Net portfolio holdings of Maiden Lane III LLC (1)                                                    20,365

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)                                    180
Outstanding principal amount and accrued interest on loan payable to American International
  Group, Inc. (3)                                                                                     5,089

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 20, 2009

Commercial paper holdings, net (1)                                                                  153,479
Other investments, net                                                                                3,604
Net portfolio holdings of Commercial Paper Funding Facility LLC                                     157,083

Memorandum: Commercial paper holdings, face value                                                   154,336

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)           153,381
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 20, 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 20, 2009     May 13, 2009     May 21, 2008

Assets
Gold certificate account                                           11,037                0                0
Special drawing rights certificate account                          2,200                0                0
Coin                                                                1,818       -       42       +      473
Securities, repurchase agreements, term auction
      credit, and other loans                                   1,646,610       +    4,134       +  855,877
  Securities held outright                                      1,091,426       +    9,835       +  588,563
    U.S. Treasury securities (1)                                  583,271       +    6,180       +   80,408       
      Bills (2)                                                    18,423                0       -   22,732
      Notes and bonds, nominal (2)                                518,925       +    6,155       +  101,534
      Notes and bonds, inflation-indexed (2)                       41,253                0       +    2,082
      Inflation compensation (3)                                    4,671       +       26       -      475
    Federal agency debt securities (2)                             76,674       +    3,719       +   76,674
    Mortgage-backed securities (4)                                431,480       -       65       +  431,480
  Repurchase agreements (5)                                             0                0       -  134,000    
  Term auction credit                                             428,835                0       +  303,835
  Other loans                                                     126,349       -    5,700       +   97,478
Net portfolio holdings of Commercial Paper 
  Funding Facility LLC (6)                                        157,083       -    6,126       +  157,083
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)                      25,683       -       10       +   25,683
Net portfolio holdings of Maiden Lane II LLC (9)                   16,163       +       13       +   16,163
Net portfolio holdings of 
  Maiden Lane III LLC (10)                                         20,365       +       60       +   20,365
Items in process of collection                         (353)          407       +       47       -      476
Bank premises                                                       2,196       +        2       +       45
Central bank liquidity swaps (11)                                 235,112       -   11,726       +  183,112
Other assets (12)                                                  64,487       -    1,027       +   24,818
     
      Total assets                                     (353)    2,183,161       -   14,674       +1,283,144

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 20, 2009     May 13, 2009     May 21, 2008
                         
Liabilities
Federal Reserve notes, net of F.R. Bank holdings                  866,465       +      954       +   83,120
Reverse repurchase agreements (13)                                 67,758       -    3,136       +   30,732
Deposits                                                 (0)    1,195,962       -   12,743       +1,163,405       
  Depository institutions                                         955,220       +   23,483       +  927,473
  U.S. Treasury, general account                                   37,929       -   19,238       +   33,509
  U.S. Treasury, supplementary financing account                  199,930       -        3       +  199,930
  Foreign official                                                  2,601       +       54       +    2,503
  Other                                                  (0)          282       -   17,040       -       10
Deferred availability cash items                       (353)        2,804       -      547       +      357
Other liabilities and accrued dividends (14)                        6,368       +       87       +    2,674

      Total liabilities                                (353)    2,139,357       -   15,386       +1,280,288
                          
Capital accounts
Capital paid in                                                    23,827       +      889       +    3,904
Surplus                                                            18,544       +      403       +       65
Other capital accounts                                              1,433       -      580       -    1,114

      Total capital                                                43,804       +      712       +    2,855

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 20, 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                                           1,818         69         82        151        148        241        205        223         39         62        130        178        291
Securities, repurchase agreements, term
      auction credit, and other loans      1,646,610     63,046    755,847     41,328     50,108    126,264    148,247    125,840     46,561     19,063     51,595     57,337    161,374
  Securities held outright                 1,091,426     20,937    426,612     16,932     43,120     39,332    131,502    118,104     42,758     18,069     49,266     52,772    132,022
    U.S. Treasury securities (1)             583,271     11,189    227,986      9,049     23,044     21,019     70,276     63,116     22,850      9,656     26,328     28,202     70,554
      Bills (2)                               18,423        353      7,201        286        728        664      2,220      1,994        722        305        832        891      2,228
      Notes and bonds (3)                    564,849     10,836    220,785      8,763     22,316     20,355     68,056     61,123     22,129      9,351     25,497     27,311     68,326
    Federal agency debt securities (2)        76,674      1,471     29,970      1,190      3,029      2,763      9,238      8,297      3,004      1,269      3,461      3,707      9,275
    Mortgage-backed securities (4)           431,480      8,277    168,655      6,694     17,047     15,549     51,987     46,691     16,904      7,143     19,477     20,863     52,193
  Repurchase agreements (5)                        0          0          0          0          0          0          0          0          0          0          0          0          0
  Term auction credit                        428,835     14,642    234,882     24,099      6,988     86,160     16,453      5,964      3,704        748      2,309      4,455     28,433     
  Other loans                                126,349     27,467     94,353        297          0        773        293      1,772         99        246         19        110        920
Net portfolio holdings of Commercial
  Paper Funding Facility LLC (6)             157,083          0    157,083          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)                                     25,683          0     25,683          0          0          0          0          0          0          0          0          0          0
Net portfolio holdings of Maiden
  Lane II LLC (9)                             16,163          0     16,163          0          0          0          0          0          0          0          0          0          0
Net portfolio holdings of Maiden
  Lane III LLC (10)                           20,365          0     20,365          0          0          0          0          0          0          0          0          0          0
Items in process of collection                   761         23          0        131         81         65         45         74         69         56         81         67         69
Bank premises                                  2,196        122        215         66        146        235        222        208        135        112        271        249        213
Central bank liquidity swaps (11)            235,112      9,812     55,335     26,906     18,039     69,503     18,731      8,176      2,437      3,770      2,417      3,149     16,838
Other assets (12)                             64,487      1,789     22,161      3,361      3,381      8,605      6,604      5,021      1,807      1,056      2,023      2,240      6,440
Interdistrict settlement account                   0  +  16,898  +   3,013  -  12,545  -     833  +  58,645  -  25,381  -  35,383  -  16,505  -   2,307  -   4,755  -   2,465  +  21,620

      Total assets                         2,183,514     92,286  1,060,715     59,931     71,641    264,587    150,195    105,283     34,943     22,038     52,161     61,474    208,261

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 20, 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           1,051,286     36,743    373,692     40,375     45,408     80,115    133,038     87,699     31,389     20,142     29,056     62,921    110,707
  Less: Notes held by F.R. Banks              184,820      4,793     59,121      5,151      7,874     12,292     28,917     12,792      4,123      3,016      3,336     19,107     24,299
    Federal Reserve notes, net                866,465     31,950    314,571     35,224     37,534     67,823    104,121     74,906     27,266     17,126     25,721     43,815     86,408
Reverse repurchase agreements (13)             67,758      1,300     26,485      1,051      2,677      2,442      8,164      7,332      2,654      1,122      3,059      3,276      8,196
Deposits                                    1,195,962     56,972    705,724     18,060     27,646    180,610     34,000     20,756      4,262      2,446     22,629     13,431    109,427
  Depository institutions                     955,220     56,961    465,129     18,055     27,642    180,500     33,997     20,754      4,254      2,445     22,628     13,430    109,424
  U.S. Treasury, general account               37,929          0     37,929          0          0          0          0          0          0          0          0          0          0
  U.S. Treasury, supplementary
    financing account                         199,930          0    199,930          0          0          0          0          0          0          0          0          0          0
  Foreign official                              2,601          2      2,572          4          3         11          3          1          0          1          0          1          3
  Other                                           282          9        164          0          1         99          0          1          7          0          1          0          0
Deferred availability cash items                3,157         87          0        549        366        130        268        322        101        275        189        199        672
Other liabilities and accrued                 
  dividends (14)                                6,368        142      3,621        179        208        495        411        337        167        113        140        189        366
   
      Total liabilities                     2,139,710     90,451  1,050,401     55,064     68,430    251,499    146,964    103,654     34,450     21,081     51,737     60,910    205,070
                              
Capital                    
Capital paid in                                23,827        911      7,240      2,427      1,591      6,522      1,562        793        238        486        206        273      1,578
Surplus                                        18,544        844      3,074      2,316      1,552      5,981      1,612        704        210        324        208        271      1,449
Other capital                                   1,433         79          0        125         68        585         56        133         46        146         11         19        164

      Total liabilities and capital         2,183,514     92,286  1,060,715     59,931     71,641    264,587    150,195    105,283     34,943     22,038     52,161     61,474    208,261
                              
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 20, 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 20, 2009
              
Federal Reserve notes outstanding                                                                1,051,286
  Less: Notes held by F.R. Banks not subject to collateralization                                  184,820
    Federal Reserve notes to be collateralized                                                     866,465 
Collateral held against Federal Reserve notes                                                      866,465
  Gold certificate account                                                                          11,037
  Special drawing rights certificate account                                                         2,200
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                         853,228
  Other assets pledged                                                                                   0

Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                           1,091,426
  Less: Face value of securities under reverse repurchase agreements                                65,931
    U.S. Treasury, agency debt, and mortgage-backed securities
    eligible to be pledged                                                                       1,025,495
   
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.