Reserve Bank credit, related items, and

reserve balances of depository institutions

at Federal Reserve Banks

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 securities1 580,566 + 11,140 + 77,735 583,271

Bills2 18,423 0 - 22,732 18,423

Notes and bonds, nominal2 516,228 + 11,114 + 98,837 518,925

Notes and bonds, inflation-indexed2 41,253 0 + 2,082 41,253

Inflation compensation3 4,661 + 25 - 453 4,671

Federal agency debt securities2 74,549 + 2,440 + 74,549 76,674

Mortgage-backed securities4 430,485 + 46,370 + 430,485 431,480

Repurchase agreements5 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 credit6 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 LLC8 160,781 - 6,145 + 160,781 157,083

Net portfolio holdings of LLCs funded through the

Money Market Investor Funding Facility9 0 0 0 0

Net portfolio holdings of Maiden Lane LLC10 25,692 + 17 + 25,692 25,683

Net portfolio holdings of Maiden Lane II LLC11 16,152 + 8 + 16,152 16,163

Net portfolio holdings of Maiden Lane III LLC12 20,313 + 82 + 20,313 20,365

Float -1,993 + 127 - 1,078 -2,396

Central bank liquidity swaps13 236,459 - 10,041 + 184,459 235,112

Other Federal Reserve assets14 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 outstanding15 42,359 + 14 + 3,582 42,359

Total factors supplying reserve funds 2,220,729 + 48,656 +1,297,258 2,220,893

FEDERAL RESERVE statistical release

 May 21, 2009

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and

Condition Statement of Federal Reserve Banks

1. Factors Affecting Reserve Balances of Depository Institutions

Millions of dollars

Averages of daily figures

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

Change from week ended Wednesday

 May 20, 2009 Week ended

 May 20, 2009 May 13, 2009 May 21, 2008
Reserve Bank credit, related items, and

reserve balances of depository institutions

at Federal Reserve Banks

Currency in circulation15 904,802 - 12 + 87,041 906,713

Reverse repurchase agreements16 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 capital17 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

H.4.1

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

Millions of dollars

Averages of daily figures

Note: Components may not sum to totals because of rounding.

1. Includes securities lent to dealers under the overnight and term securities lending facilities; refer to table 1A.

2. Face value of the securities.

3. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed securities.

4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of

the underlying mortgages.

5. Cash value of agreements.

6. Includes credit extended through the Primary Dealer Credit Facility and credit extended to certain other broker-dealers.

7. Excludes credit extended to consolidated LLCs.

8. Refer to table 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.

Change from week ended Wednesday

 May 20, 2009 Week ended

 May 20, 2009 May 13, 2009 May 21, 2008
Marketable securities held in custody for foreign

 official and international accounts1 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 securities2 815,479 - 746 - 123,572 818,013

Securities lent to dealers 36,718 - 1,303 - 94,351 37,974

Overnight facility3 4,168 - 1,303 - 4,774 5,424

Term facility4 32,550 0 - 89,577 32,550

1A. Memorandum Items

Millions of dollars

Averages of daily figures

Week ended

 May 20, 2009

Change from week ended Wednesday

 May 20, 2009

 May 13, 2009 May 21, 2008

Note: Components may not sum to totals because of rounding.

1. Face value of the securities. Includes U.S. Treasury STRIPS, other zero-coupon bonds, and mortgage-backed securities at face value.

2. Includes debt and mortgage-backed securities.

3. Fully collateralized by U.S. Treasury securities.

4. Fully collateralized by U.S. Treasury securities, federal agency securities, and other highly rated debt securities.

Memorandum item

H.4.1

91 days to

1 year

2. Maturity Distribution of Term Auction Credit, Other Loans, and Securities, May 20, 2009

Millions of dollars

Within 15 days Over 1 year

to 5 years

16 days to

 90 days

All

Note: Components may not sum to totals because of rounding.

 . . . Not applicable.

1. Excludes the loans from the Federal Reserve Bank of New York (FRBNY) to Commercial Paper Funding Facility LLC, the LLCs funded through

the Money Market Investor Funding Facility, Maiden Lane LLC, Maiden Lane II LLC, and Maiden Lane III LLC. The loans were eliminated when

preparing the FRBNY's statement of condition consistent with consolidation under generally accepted accounting principles.

2. Face value. For inflation-indexed securities, includes the original face value and compensation that adjusts for the effect of inflation on the

original face value of such securities.

3. Face value.

4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the

underlying mortgages.

5. Face value of commercial paper held by Commercial Paper Funding Facility LLC.

6. Face value of money market instruments held by LLCs funded through the Money Market Investor Funding Facility.

7. Cash value of agreements.

8. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to

the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the foreign

central bank.

Remaining maturity Over 5 years

to 10 years

Over 10

years

Term auction credit

Other loans1

U.S. Treasury securities2

Holdings

Weekly changes

Federal agency debt securities3

Holdings

Weekly changes

Mortgage-backed securities4

Holdings

Weekly changes

Commercial paper held by

Commercial Paper Funding

Facility LLC5

Money market instruments held by

LLCs funded through the

Money Market Investor

Funding Facility6

Repurchase agreements7

Central bank liquidity swaps8

Reverse repurchase agreements7

 243,369

 36,100

 18,121

- 6,923

 0

 0

 0

 0

 21,914

 0

 0

 159,376

 67,758

...

 113

 60,214

- 4,784

 5,505

+ 735

 0

 0

 0

 0

...

 0

...

...

 61,026

 235,265

+ 5,369

 52,813

+ 2,984

 0

 0

...

...

...

 0

...

 185,466

 29,109

 23,187

+ 5,947

 196

 0

 0

 0

 132,422

 0

 0

 75,736

 0

...

...

 128,320

+ 904

 17,625

 0

 0

 0

...

...

...

 0

...

...

...

 118,164

+ 5,667

 535

 0

 431,480

- 65

...

...

...

 0

...

 428,835

 126,349

 583,271

+ 6,180

 76,674

+ 3,719

 431,480

- 65

 154,336

 0

 0

 235,112

 67,758
Wednesday

 May 20, 2009

4. Information on Principal Accounts of Maiden Lane LLC

Millions of dollars

Net portfolio holdings of Maiden Lane LLC1

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

Accrued interest payable to the Federal Reserve Bank of New York2

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

 25,683

 28,820

 323

 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.

Account name

H.4.1

Wednesday

 May 20, 2009

5. Information on Principal Accounts of Maiden Lane II LLC

Millions of dollars

Net portfolio holdings of Maiden Lane II LLC1

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

Accrued interest payable to the Federal Reserve Bank of New York2

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

 16,163

 17,877

 133

 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.

Account name

Wednesday

 May 20, 2009

3. Supplemental Information on Mortgage-Backed Securities Purchase Program

Millions of dollars

Mortgage-backed securities held outright1

Commitments to buy mortgage-backed securities2

Commitments to sell mortgage-backed securities2

Cash and cash equivalents3

 431,480

 148,615

 106,455

 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.

Account name
Wednesday

 May 20, 2009

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

 Funding Facility

Millions of dollars

Money market instrument holdings, net1

Other investments, net

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

Memorandum: Money market instrument holdings, face value

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

Accrued interest payable to the Federal Reserve Bank of New York2

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

 0

 0

 0

 0

 0

 0

 0

1. Book value, which includes amortized cost.

2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent with

consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 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.

Account name

H.4.1

Wednesday

 May 20, 2009

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

Millions of dollars

Commercial paper holdings, net1

Other investments, net

Net portfolio holdings of Commercial Paper Funding Facility LLC

Memorandum: Commercial paper holdings, face value

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

Accrued interest payable to the Federal Reserve Bank of New York2

 153,479

 3,604

 157,083

 154,336

 153,381

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

for businesses and households.

Account name

Wednesday

 May 20, 2009

6. Information on Principal Accounts of Maiden Lane III LLC

Millions of dollars

Net portfolio holdings of Maiden Lane III LLC1

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

Accrued interest payable to the Federal Reserve Bank of New York2

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

 20,365

 22,992

 180

 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.

Account name
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 securities1 583,271 + 6,180 + 80,408

Bills2 18,423 0 - 22,732

Notes and bonds, nominal2 518,925 + 6,155 + 101,534

Notes and bonds, inflation-indexed2 41,253 0 + 2,082

Inflation compensation3 4,671 + 26 - 475

Federal agency debt securities2 76,674 + 3,719 + 76,674

Mortgage-backed securities4 431,480 - 65 + 431,480

Repurchase agreements5 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 LLC6 157,083 - 6,126 + 157,083

Net portfolio holdings of LLCs funded through the

Money Market Investor Funding Facility7 0 0 0

Net portfolio holdings of Maiden Lane LLC8 25,683 - 10 + 25,683

Net portfolio holdings of Maiden Lane II LLC9 16,163 + 13 + 16,163

Net portfolio holdings of Maiden Lane III LLC10 20,365 + 60 + 20,365

Items in process of collection (353) 407 + 47 - 476

Bank premises 2,196 + 2 + 45

Central bank liquidity swaps11 235,112 - 11,726 + 183,112

Other assets12 64,487 - 1,027 + 24,818

Total assets (353) 2,183,161 - 14,674 +1,283,144

H.4.1

9. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Change since

Wednesday

 May 21, 2008

Eliminations from

consolidation Wednesday

 May 20, 2009

Wednesday

 May 13, 2009

Assets, liabilities, and capital

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

Federal Reserve notes, net of F.R. Bank holdings 866,465 + 954 + 83,120

Reverse repurchase agreements13 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 dividends14 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

H.4.1

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

Millions of dollars

Change since

Wednesday

 May 21, 2008

Eliminations from

consolidation Wednesday

 May 20, 2009

Wednesday

 May 13, 2009

Assets, liabilities, and capital

Note: Components may not sum to totals because of rounding.

1. Includes securities lent to dealers under the overnight and term securities lending facilities; refer to table 1A.

2. Face value of the securities.

3. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed securities.

4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the

underlying mortgages.

5. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.

6. Refer to table 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.
    19, 18, 9,  9, 1, 7,           3, 1, - 2, 22,

 329 71 39 46,561 42,758 22,850 722 22,129 3,004 16,904 0 3,704 99 0 0 0 0 0 69 135 2,437 1,807 - 16,505 34,943

 911 212 223 125,840 118,104 63,116 1,994 61,123 8,297 46,691 0 5,964 1,772 0 0 0 0 0 74 208 8,176 5,021 - 35,383 105,283

 1,356 166 205 148,247 131,502 70,276 2,220 68,056 9,238 51,987 0 16,453 293 0 0 0 0 0 45 222 18,731 6,604 - 25,381 150,195

 882 147 241 126,264 39,332 21,019 664 20,355 2,763 15,549 0 86,160 773 0 0 0 0 0 65 235 69,503 8,605 + 58,645 264,587

 467 104 148 50,108 43,120 23,044 728 22,316 3,029 17,047 0 6,988 0 0 0 0 0 0 81 146 18,039 3,381 - 833 71,641

 412 115 69 63,046 20,937 11,189 353 10,836 1,471 8,277 0 14,642 27,467 0 0 0 0 0 23 122 9,812 1,789 + 16,898 92,286

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

auction credit, and other loans

Securities held outright

U.S. Treasury securities1

Bills2Notes and bonds3

Federal agency debt securities2Mortgage-backed securities4

Repurchase agreements5Term auction creditOther loans

Net portfolio holdings of Commercial

Paper Funding Facility LLC6

Net portfolio holdings of LLCs funded

through the Money Market InvestorFunding Facility7

Net portfolio holdings of Maiden

Lane LLC8

Net portfolio holdings of Maiden

Lane II LLC9

Net portfolio holdings of Maiden

Lane III LLC10

Items in process of collectionBank premisesCentral bank liquidity swaps11

Other assets12Interdistrict settlement account

Total assets

 11,037 2,200 1,818 1,646,610 1,091,426 583,271 18,423 564,849 76,674 431,480 0 428,835 126,349 157,083 0 25,683 16,163 20,365 761 2,196 235,112 64,487 0 2,183,514

 450 83 151 41,328 16,932 9,049 286 8,763 1,190 6,694 0 24,099 297 0 0 0 0 0 131 66 26,906 3,361 - 12,545 59,931

 3,895 874 82 755,847 426,612 227,986 7,201 220,785 29,970 168,655 0 234,882 94,353 157,083 0 25,683 16,163 20,365 0 215 55,335 22,161 + 3,013 1,060,715

H.4.110. Statement of Condition of Each Federal Reserve Bank, May 20, 2009Millions of dollars

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

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

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

LiabilitiesFederal Reserve notes outstanding

Less: Notes held by F.R. Banks

Federal Reserve notes, net

Reverse repurchase agreements13

Deposits

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

Deferred availability cash itemsOther liabilities and accrued

dividends14

Total liabilities

CapitalCapital paid inSurplusOther capital

Total liabilities and capital

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.H.4.110. Statement of Condition of Each Federal Reserve Bank, May 20, 2009 (continued)Millions of dollars

Assets, liabilities, and capital

 36,743 4,793 31,950 1,300 56,972 56,961 0 0 2 9 87 142 90,451 911 844 79 92,286

 1,051,286 184,820 866,465 67,758 1,195,962 955,220 37,929 199,930 2,601 282 3,157 6,368 2,139,710 23,827 18,544 1,433 2,183,514

 373,692 59,121 314,571 26,485 705,724 465,129 37,929 199,930 2,572 164 0 3,621 1,050,401 7,240 3,074 0 1,060,715

 40,375 5,151 35,224 1,051 18,060 18,055 0 0 4 0 549 179 55,064 2,427 2,316 125 59,931

 45,408 7,874 37,534 2,677 27,646 27,642 0 0 3 1 366 208 68,430 1,591 1,552 68 71,641

 80,115 12,292 67,823 2,442 180,610 180,500 0 0 11 99 130 495 251,499 6,522 5,981 585 264,587

 133,038 28,917 104,121 8,164 34,000 33,997 0 0 3 0 268 411 146,964 1,562 1,612 56 150,195

 87,699 12,792 74,906 7,332 20,756 20,754 0 0 1 1 322 337 103,654 793 704 133 105,283

 31,389 4,123 27,266 2,654 4,262 4,254 0 0 0 7 101 167 34,450 238 210 46 34,943

 20,1 3,0 17,1 1,1 2,4 2,4     2 1 21,0 4 3 1 22,0
1. Includes securities lent to dealers under the overnight and term securities lending facilities; refer to table 1A.

2. Face value of the securities.3. Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face value of such 4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the underlyin5. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.6. Refer to table 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 fore

equals the market exchange rate used when the foreign currency was acquired from the foreign central bank.

12. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates.13. Cash value of agreements, which are collateralized by U.S. Treasury securities.14. Includes the liabilities of Commercial Paper Funding Facility LLC, the LLCs funded through the Money Market Investor Funding Facility, Maiden Lane LLC, M

LLC to entities other than the Federal Reserve Bank of New York, including liabilities that have recourse only to the portfolio holdings of these LLCs. Refnote on consolidation below.

H.4.1

Note on consolidation:The Federal Reserve Bank of New York (FRBNY) has extended loans to several limited liability companies under the authority of section 13(3) of the Federawas extended to Maiden Lane LLC, which was formed to acquire certain assets of Bear Stearns. On October 27, 2008, the FRBNY began extending loans to Commwas formed to purchase three-month U.S. dollar-denominated commercial paper from eligible issuers. On October 21, 2008, the Federal Reserve Board authseries of LLCs funded through the Money Market Investor Funding Facility. These LLCs, which became operational on November 24, 2008, were established denominated certificates of deposit, bank notes, and commercial paper from eligible issuers. On November 25, 2008, a loan was extended to Maiden Lane IImulti-sector collateralized debt obligations on which the Financial Products group of the American International Group, Inc. has written credit default swap cowas extended to Maiden Lane II LLC, which was formed to purchase residential mortgage-backed securities from the U.S. securities lending reinvestment pInternational Group, Inc.The FRBNY is the sole beneficiary of Commercial Paper Funding Facility LLC and the primary beneficiary of the other LLCs cited above. Consistent with generally aassets and liabilities of these LLCs have been consolidated with the assets and liabilities of the FRBNY in the preparation of the statements of condition shown on consolidation, the extensions of credit from the FRBNY to the LLCs are eliminated, the net assets of the LLCs appear as assets on the previous page (and in of the LLCs to entities other than the FRBNY, including those with recourse only to the portfolio holdings of the LLCs, are included in other liabilities in this tab

10. Statement of Condition of Each Federal Reserve Bank, May 20, 2009 (continued)
H.4.1

Federal Reserve notes outstanding

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

Federal Reserve notes to be collateralized

Collateral held against Federal Reserve notes

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

Other assets pledged

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

Less: Face value of securities under reverse repurchase agreements

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

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

Federal Reserve notes and collateral Wednesday

 May 20, 2009

Note: Components may not sum to totals because of rounding.1. Includes face value of U.S. Treasury, agency debt, and mortgage-backed securities held outright, compensation to

adjust for the effect of inflation on the original face value of inflation-indexed securities, and cash value of repurchase agreements.

2. Includes securities lent to dealers under the overnight and term securities lending facilities; refer to table 1A.

 1,051,286 184,820 866,465 866,465 11,037 2,200 853,228 0 1,091,426 65,931 1,025,495