FEDERAL RESERVE statistical release

H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
                                                                                               July 9, 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                                     Jul 8, 2009  Jul 1, 2009  Jul 9, 2008  Jul 8, 2009

Reserve Bank credit                                       1,977,499   -    9,453   +1,089,892    1,976,815
  Securities held outright                                1,228,765   +   12,438   +  749,840    1,233,781       
    U.S. Treasury securities (1)                            668,489   +   11,494   +  189,564      673,500
      Bills (2)                                              18,423            0   -    3,317       18,423
      Notes and bonds, nominal (2)                          602,211   +   11,463   +  189,819      607,211
      Notes and bonds, inflation-indexed (2)                 42,803            0   +    3,632       42,803
      Inflation compensation (3)                              5,052   +       30   -      570        5,063
    Federal agency debt securities (2)                       97,828   +    1,030   +   97,828       97,828
    Mortgage-backed securities (4)                          462,449   -       85   +  462,449      462,453
  Repurchase agreements (5)                                       0            0   -  113,357            0
  Term auction credit                                       273,706   -    9,102   +  123,706      273,706  
  Other loans                                               116,367   -    2,508   +  103,353      112,482
    Primary credit                                           34,966   -      944   +   22,110       34,520
    Secondary credit                                              0   -        3   -       57            0
    Seasonal credit                                              70   +        7   -       31           69
    Primary dealer and other broker-dealer credit (6)             0            0            0            0
    Asset-Backed Commercial Paper Money Market
      Mutual Fund Liquidity Facility                         12,610   -    2,312   +   12,610        9,555
    Credit extended to American International
      Group, Inc. (7)                                        43,762   +      928   +   43,762       43,464
    Term Asset-Backed Securities Loan Facility               24,959   -      184   +   24,959       24,873
    Other credit extensions                                       0            0            0            0
  Net portfolio holdings of Commercial Paper 
    Funding Facility LLC (8)                                114,162   -    5,507   +  114,162      112,894
  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)             25,930   +       34   -    2,970       25,955
  Net portfolio holdings of Maiden Lane II LLC (11)          15,924   -       65   +   15,924       15,742
  Net portfolio holdings of Maiden Lane III LLC (12)         19,504   -      658   +   19,504       18,779
  Float                                                      -2,189   -      200   -      828       -2,332
  Central bank liquidity swaps (13)                         109,438   -    5,861   +   47,438      109,144
  Other Federal Reserve assets (14)                          75,891   +    1,974   +   33,119       76,663
Gold stock                                                   11,041            0            0       11,041
Special drawing rights certificate account                    2,200            0            0        2,200
Treasury currency outstanding (15)                           42,445   +       14   +    3,768       42,445
       
Total factors supplying reserve funds                     2,033,184   -    9,440   +1,093,660    2,032,501

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                                     Jul 8, 2009  Jul 1, 2009  Jul 9, 2008  Jul 8, 2009

Currency in circulation (15)                                911,969   +    4,029   +   79,074      913,081
Reverse repurchase agreements (16)                           70,182   -      708   +   27,198       67,844
  Foreign official and international accounts                70,182   -      708   +   27,198       67,844
  Dealers                                                         0            0            0            0
Treasury cash holdings                                          341   +       20   +       66          347
Deposits with F.R. Banks, other than reserve balances       244,315   -   37,755   +  231,586      251,027       
  U.S. Treasury, general account                             34,200   -   37,790   +   29,020       36,910
  U.S. Treasury, supplementary financing account            199,939            0   +  199,939      199,939
  Foreign official                                            2,580   +      601   +    2,480        3,033
  Service-related                                             4,189            0   -    3,006        4,189
    Required clearing balances                                4,189            0   -    3,006        4,189
    Adjustments to compensate for float                           0            0            0            0
  Other                                                       3,408   -      565   +    3,154        6,957
Other liabilities and capital (17)                           54,791   +      190   +   10,692       55,292

Total factors, other than reserve balances,                                        
   absorbing reserve funds                                1,281,598   -   34,224   +  348,616    1,287,592

Reserve balances with Federal Reserve Banks                 751,586   +   24,784   +  745,044      744,910
                                                                
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
                                                          Jul 8, 2009  Jul 1, 2009  Jul 9, 2008  Jul 8, 2009

Marketable securities held in custody for foreign
      official and international accounts (1)             2,786,687   +   20,532   +  436,649    2,778,898
  U.S. Treasury securities                                1,981,965   +   21,737   +  606,543    1,975,609
  Federal agency securities (2)                             804,722   -    1,206   -  169,894      803,289
Securities lent to dealers                                   10,142   -    8,336   -   99,633       13,485   
  Overnight facility (3)                                      5,892   -    5,836   -      129        9,235
  Term facility (4)                                           4,250   -    2,500   -   99,504        4,250

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,       July 8, 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                   83,830     189,877         ---          ---           ---        ---     273,706
Other loans (1)                       34,736       9,330           79      68,338             0        ---     112,482
U.S. Treasury securities (2) 
  Holdings                            13,719      25,815       62,445     266,166       177,120    128,236     673,500
  Weekly changes                  -    3,520  +    5,504   -    1,981  +    4,436    +    2,580 +    3,011  +   10,030
Federal agency debt securities (3) 
  Holdings                               196         750        7,370      67,348        20,952      1,212      97,828
  Weekly changes                  +      196  -      196            0           0             0          0           0
Mortgage-backed securities (4)    
  Holdings                                 0           0            0           0             0    462,453     462,453
  Weekly changes                           0           0            0           0             0 +        9  +        9
Commercial paper held by
  Commercial Paper Funding 
  Facility LLC (5)                     5,928     103,307            0         ---           ---        ---     109,235
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)      75,822      33,322            0           0             0          0     109,144

Reverse repurchase agreements (7)     67,844           0          ---         ---           ---        ---      67,844
  
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                                                                                     Jul 8, 2009

Mortgage-backed securities held outright (1)                                                       462,453

Commitments to buy mortgage-backed securities (2)                                                  216,622
Commitments to sell mortgage-backed securities (2)                                                  59,911

Cash and cash equivalents (3)                                                                           12

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                                                                                     Jul 8, 2009
         
Net portfolio holdings of Maiden Lane LLC (1)                                                       25,955

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)                                   343
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3)        1,219
 
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                                                                                      Jul 8, 2009

Net portfolio holdings of Maiden Lane II LLC (1)                                                     15,742

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)            17,232
Accrued interest payable to the Federal Reserve Bank of New York (2)                                    164
Deferred payment and accrued interest payable to subsidiaries of American International 
  Group, Inc. (3)                                                                                     1,020

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                                                                                      Jul 8, 2009

Net portfolio holdings of Maiden Lane III LLC (1)                                                    18,779

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)            20,757
Accrued interest payable to the Federal Reserve Bank of New York (2)                                    221
Outstanding principal amount and accrued interest on loan payable to American International
  Group, Inc. (3)                                                                                     5,112

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                                                                                      Jul 8, 2009

Commercial paper holdings, net (1)                                                                  108,930
Other investments, net                                                                                3,964
Net portfolio holdings of Commercial Paper Funding Facility LLC                                     112,894

Memorandum: Commercial paper holdings, face value                                                   109,235

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)           108,568
Accrued interest payable to the Federal Reserve Bank of New York (2)                                     48

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                                                                                      Jul 8, 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  Jul 8, 2009      Jul 1, 2009      Jul 9, 2008

Assets
Gold certificate account                                           11,037                0                0
Special drawing rights certificate account                          2,200                0                0
Coin                                                                1,777       -        1       +      478
Securities, repurchase agreements, term auction
      credit, and other loans                                   1,619,970       -    5,650       +  870,688
  Securities held outright                                      1,233,781       +   10,039       +  754,830
    U.S. Treasury securities (1)                                  673,500       +   10,030       +  194,549       
      Bills (2)                                                    18,423                0       -    3,317
      Notes and bonds, nominal (2)                                607,211       +    9,999       +  194,819
      Notes and bonds, inflation-indexed (2)                       42,803                0       +    3,632
      Inflation compensation (3)                                    5,063       +       31       -      585
    Federal agency debt securities (2)                             97,828                0       +   97,828
    Mortgage-backed securities (4)                                462,453       +        9       +  462,453
  Repurchase agreements (5)                                             0                0       -  107,000    
  Term auction credit                                             273,706       -    9,102       +  123,706
  Other loans                                                     112,482       -    6,588       +   99,150
Net portfolio holdings of Commercial Paper 
  Funding Facility LLC (6)                                        112,894       -    1,799       +  112,894
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)                      25,955       +       30       -    2,989
Net portfolio holdings of Maiden Lane II LLC (9)                   15,742       -      319       +   15,742
Net portfolio holdings of 
  Maiden Lane III LLC (10)                                         18,779       -    1,393       +   18,779
Items in process of collection                         (314)          371       -      405       -    1,297
Bank premises                                                       2,199       +        3       +       45
Central bank liquidity swaps (11)                                 109,144       -    5,441       +   47,144
Other assets (12)                                                  74,520       +    2,158       +   33,667
     
      Total assets                                     (314)    1,994,588       -   12,816       +1,095,150

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  Jul 8, 2009      Jul 1, 2009      Jul 9, 2008
                         
Liabilities
Federal Reserve notes, net of F.R. Bank holdings                  872,756       +    1,465       +   77,097
Reverse repurchase agreements (13)                                 67,844       -    4,412       +   26,568
Deposits                                                 (0)      995,992       -   10,277       +  980,299       
  Depository institutions                                         749,154       +   22,894       +  738,144
  U.S. Treasury, general account                                   36,910       -   41,232       +   32,555
  U.S. Treasury, supplementary financing account                  199,939                0       +  199,939
  Foreign official                                                  3,033       +    1,560       +    2,933
  Other                                                  (0)        6,957       +    6,503       +    6,730
Deferred availability cash items                       (314)        2,703       -      509       -      528
Other liabilities and accrued dividends (14)                        5,771       -        3       +    2,484

      Total liabilities                                (314)    1,945,067       -   13,735       +1,085,921
                          
Capital accounts
Capital paid in                                                    24,511       +       14       +    4,631
Surplus                                                            21,273       +        9       +    2,780
Other capital accounts                                              3,737       +      897       +    1,819

      Total capital                                                49,521       +      920       +    9,230

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,       July 8, 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                                           1,777         60         68        149        143        233        211        218         38         59        129        183        287
Securities, repurchase agreements, term
      auction credit, and other loans      1,619,970     46,747    763,401     38,328     55,528     63,898    154,340    138,716     51,354     21,036     57,649     62,742    166,231
  Securities held outright                 1,233,781     23,668    482,255     19,141     48,744     44,462    148,654    133,508     48,335     20,426     55,692     59,655    149,242
    U.S. Treasury securities (1)             673,500     12,920    263,255     10,449     26,609     24,271     81,147     72,880     26,385     11,150     30,401     32,565     81,469
      Bills (2)                               18,423        353      7,201        286        728        664      2,220      1,994        722        305        832        891      2,228
      Notes and bonds (3)                    655,078     12,566    256,054     10,163     25,881     23,607     78,928     70,886     25,663     10,845     29,570     31,674     79,240
    Federal agency debt securities (2)        97,828      1,877     38,239      1,518      3,865      3,525     11,787     10,586      3,833      1,620      4,416      4,730     11,834
    Mortgage-backed securities (4)           462,453      8,871    180,762      7,175     18,271     16,665     55,719     50,042     18,117      7,656     20,875     22,360     55,940
  Repurchase agreements (5)                        0          0          0          0          0          0          0          0          0          0          0          0          0
  Term auction credit                        273,706     13,342    182,284     18,962      6,723     18,880      5,480      3,790      2,855        386      1,951      3,056     15,998     
  Other loans                                112,482      9,738     98,862        225         61        556        206      1,418        164        224          6         31        991
Net portfolio holdings of Commercial
  Paper Funding Facility LLC (6)             112,894          0    112,894          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)                                     25,955          0     25,955          0          0          0          0          0          0          0          0          0          0
Net portfolio holdings of Maiden
  Lane II LLC (9)                             15,742          0     15,742          0          0          0          0          0          0          0          0          0          0
Net portfolio holdings of Maiden
  Lane III LLC (10)                           18,779          0     18,779          0          0          0          0          0          0          0          0          0          0
Items in process of collection                   685         30          0        143        102         53          0         78         53         42         44         83         58
Bank premises                                  2,199        121        219         67        147        238        222        207        135        112        270        248        213
Central bank liquidity swaps (11)            109,144      4,429     28,002     12,144      8,142     31,370      8,454      3,690      1,100      1,702      1,091      1,421      7,600
Other assets (12)                             74,520      1,989     25,858      3,648      3,780      9,013      7,850      6,116      2,190      1,225      2,476      2,721      7,656
Interdistrict settlement account                   0  -   3,787  -  17,373  +     590  -   1,251  + 143,590  -  25,647  -  42,072  -  19,612  -   1,613  -  13,049  -   2,296  -  17,480

      Total assets                         1,994,902     50,116    978,314     55,601     67,162    249,423    146,951    108,075     35,658     22,789     49,011     65,822    165,981

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,       July 8, 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           1,053,547     36,062    380,929     39,839     44,944     81,940    132,378     86,729     30,953     19,834     28,724     62,148    109,066
  Less: Notes held by F.R. Banks              180,790      4,534     56,821      6,232      8,070     11,867     27,136     12,696      4,003      2,982      3,419     18,585     24,446
    Federal Reserve notes, net                872,756     31,529    324,108     33,606     36,874     70,073    105,243     74,033     26,950     16,852     25,305     43,563     84,620
Reverse repurchase agreements (13)             67,844      1,301     26,519      1,053      2,680      2,445      8,174      7,342      2,658      1,123      3,062      3,280      8,207
Deposits                                      995,992     15,215    609,628     15,249     23,745    162,998     29,564     24,383      5,267      3,198     19,860     17,976     68,910
  Depository institutions                     749,154     15,205    362,988     15,244     23,741    162,842     29,554     24,380      5,260      3,197     19,858     17,976     68,907
  U.S. Treasury, general account               36,910          0     36,910          0          0          0          0          0          0          0          0          0          0
  U.S. Treasury, supplementary
    financing account                         199,939          0    199,939          0          0          0          0          0          0          0          0          0          0
  Foreign official                              3,033          2      3,004          4          3         11          3          1          0          1          0          1          3
  Other                                         6,957          8      6,788          0          0        144          7          2          7          0          1          0          0
Deferred availability cash items                3,017         88          0        470        391        120        278        283         97        311        180        217        582
Other liabilities and accrued                 
  dividends (14)                                5,771        126      3,201        130        185        360        420        355        175        106        150        200        364
   
      Total liabilities                     1,945,381     48,260    963,456     50,507     63,875    235,996    143,679    106,396     35,147     21,590     48,557     65,236    162,683
                              
Capital                    
Capital paid in                                24,511        920      7,247      2,607      1,635      6,808      1,559        791        238        632        207        273      1,594
Surplus                                        21,273        844      5,802      2,316      1,552      5,981      1,612        704        209        324        208        271      1,449
Other capital                                   3,737         92      1,809        172        100        637        102        185         64        243         39         42        254

      Total liabilities and capital         1,994,902     50,116    978,314     55,601     67,162    249,423    146,951    108,075     35,658     22,789     49,011     65,822    165,981
                              
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,       July 8, 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
                                                                                                 Jul 8, 2009
              
Federal Reserve notes outstanding                                                                1,053,547
  Less: Notes held by F.R. Banks not subject to collateralization                                  180,790
    Federal Reserve notes to be collateralized                                                     872,756 
Collateral held against Federal Reserve notes                                                      872,756
  Gold certificate account                                                                          11,037
  Special drawing rights certificate account                                                         2,200
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                         859,520
  Other assets pledged                                                                                   0

Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                           1,233,781
  Less: Face value of securities under reverse repurchase agreements                                64,381
    U.S. Treasury, agency debt, and mortgage-backed securities
    eligible to be pledged                                                                       1,169,401
   
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.