FEDERAL RESERVE statistical release 

For release at 

4:30 p.m. EDT 

April 2, 2009 

The Board’s H.4.1 statistical release, “Factors Affecting Reserve Balances of Depository Institutions 

and Condition Statement of Federal Reserve Banks,” has been modified to include supplemental 

information related to Federal Reserve System purchases of mortgage-backed securities (MBS) 

guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. This supplemental information will be 

presented in a new table 3, “Supplemental Information on Mortgage-Backed Securities Purchase 

Program.” 

On November 25, 2008, the Federal Reserve announced a program to purchase MBS guaranteed by 

Fannie Mae, Freddie Mac, and Ginnie Mae. The goal of the program is to reduce the cost and 

increase the availability of credit for the purchase of houses, which in turn should support mortgage 

and housing markets and foster improved conditions in financial markets more generally. The first 

line of table 3 presents the current face value of MBS held outright. This information, which 

represents the remaining principal balance of the underlying mortgages, is also presented in tables 1, 

9, and 10 of the release. Table 3 also presents commitments to buy and sell MBS—that is, 

purchases and sales of securities that have not yet settled. These commitments are related both to 

outright transactions as well as dollar rolls. A dollar roll transaction consists of a purchase (or sale) 

of securities combined with an agreement to sell (or purchase) comparable securities in the future. 

The Federal Reserve’s transactions in the dollar roll market support the MBS purchase program by 

fostering liquid trading conditions in MBS financing markets. Because of occasional principal and 

interest payments, settlement delays, and cancellations of transactions, the Federal Reserve has some 

uninvested cash associated with the MBS purchase program. Table 3 presents the cash and cash 

equivalents related to the program, and this value is included in “other Federal Reserve assets” in 

table 1 and in “other assets” in table 9 and table 10. 
Reserve Bank credit, related items, and

reserve balances of depository institutions

at Federal Reserve Banks

Reserve Bank credit 2,048,651 - 2,321 +1,173,151 2,059,537

Securities held outright 773,497 + 13,005 + 184,412 782,583

U.S. Treasury securities1 486,219 + 11,488 - 102,866 492,330

Bills2 18,423 0 - 74,562 18,423

Notes and bonds, nominal2 424,359 + 11,445 - 28,550 430,454

Notes and bonds, inflation-indexed2 39,378 0 + 941 39,378

Inflation compensation3 4,060 + 43 - 695 4,076

Federal agency debt securities2 50,853 + 2,057 + 50,853 53,616

Mortgage-backed securities4 236,424 - 540 + 236,424 236,637

Repurchase agreements5 0 0 - 77,500 0

Term auction credit 467,278 - 1,311 + 367,278 467,278

Other loans 135,292 + 952 + 90,153 133,084

Primary credit 59,735 - 3,047 + 52,722 58,037

Secondary credit 0 0 0 1

Seasonal credit 3 0 - 4 3

Primary dealer and other broker-dealer credit6 19,488 - 601 - 18,630 18,300

Asset-Backed Commercial Paper Money

Market Mutual Fund Liquidity Facility 6,650 - 529 + 6,650 6,085

Credit extended to American International

Group, Inc.7 44,712 + 1,098 + 44,712 45,967

Term Asset-Backed Securities Loan Facility 4,703 + 4,030 + 4,703 4,692

Other credit extensions 0 0 0 0

Net portfolio holdings of Commercial Paper

Funding Facility LLC8 244,297 + 3,495 + 244,297 249,731

Net portfolio holdings of LLCs funded through the

Money Market Investor Funding Facility9 0 0 0 0

Net portfolio holdings of Maiden Lane LLC10 26,295 + 72 + 26,295 26,336

Net portfolio holdings of Maiden Lane II LLC11 18,458 + 18 + 18,458 18,516

Net portfolio holdings of Maiden Lane III LLC12 27,647 + 16 + 27,647 27,661

Float -2,287 - 135 - 1,195 -2,782

Central bank liquidity swaps13 309,828 - 17,864 + 288,828 308,792

Other Federal Reserve assets14 48,346 - 568 + 4,479 48,339

Gold stock 11,041 0 0 11,041

Special drawing rights certificate account 2,200 0 0 2,200

Treasury currency outstanding15 38,856 + 14 + 177 38,856

Total factors supplying reserve funds 2,100,748 - 2,307 +1,173,329 2,111,634

FEDERAL RESERVE statistical release

 April 2, 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

 Apr 1, 2009 Week ended

 Apr 1, 2009 Mar 25, 2009 Apr 2, 2008
Reserve Bank credit, related items, and

reserve balances of depository institutions

at Federal Reserve Banks

Currency in circulation15 899,198 + 583 + 83,626 901,225

Reverse repurchase agreements16 69,486 + 4,308 + 27,790 67,906

Foreign official and international accounts 69,486 + 4,308 + 31,612 67,906

Dealers 0 0 - 3,821 0

Treasury cash holdings 311 + 1 - 24 315

Deposits with F.R. Banks, other than reserve balances 269,837 - 17,816 + 257,266 256,882

U.S. Treasury, general account 47,129 - 30,954 + 41,971 37,754

U.S. Treasury, supplementary financing account 199,934 - 1 + 199,934 199,934

Foreign official 1,110 - 753 + 1,012 846

Service-related 4,430 - 35 - 2,617 4,430

Required clearing balances 4,430 - 35 - 2,617 4,430

Adjustments to compensate for float 0 0 0 0

Other 17,235 + 13,928 + 16,967 13,919

Other liabilities and capital17 55,474 - 123 + 10,759 54,809

Total factors, other than reserve balances,

absorbing reserve funds 1,294,307 - 13,046 + 379,419 1,281,137

Reserve balances with Federal Reserve Banks 806,441 + 10,739 + 793,909 830,497

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

 Apr 1, 2009 Week ended

 Apr 1, 2009 Mar 25, 2009 Apr 2, 2008
Marketable securities held in custody for foreign

 official and international accounts1 2,609,329 + 14,605 + 403,238 2,615,016

U.S. Treasury securities 1,799,627 + 16,661 + 500,925 1,805,309

Federal agency securities2 809,703 - 2,055 - 97,687 809,707

Securities lent to dealers 90,736 - 2,671 + 5,130 92,838

Overnight facility3 5,086 + 1,944 - 16,235 7,188

Term facility4 85,650 - 4,614 + 21,364 85,650

1A. Memorandum Items

Millions of dollars

Averages of daily figures

Week ended

 Apr 1, 2009

Change from week ended Wednesday

 Apr 1, 2009

 Mar 25, 2009 Apr 2, 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, April 1, 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

 117,772

 75,698

 13,077

- 6,209

 0

 0

 0

 0

 15,156

 0

 0

 149,880

 67,906

...

 0

 61,898

+ 973

 4,090

 0

 0

 0

 0

 0

...

 0

...

...

 50,659

 175,762

+ 7,071

 36,423

 0

 0

 0

...

...

...

 0

...

 349,506

 6,727

 29,809

+ 4,584

 0

 0

 0

 0

 233,041

 0

 0

 158,912

 0

...

...

 109,586

+ 8,648

 12,898

+ 3,184

 0

 0

...

...

...

 0

...

...

...

 102,198

+ 2,517

 205

+ 39

 236,637

+ 481

...

...

...

 0

...

 467,278

 133,084

 492,330

+ 17,584

 53,616

+ 3,223

 236,637

+ 481

 248,196

 0

 0

 308,792

 67,906
Wednesday

 Apr 1, 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

 26,336

 28,820

 304

 1,202

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 December 31, 2008. 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

 Apr 1, 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

 18,516

 18,543

 96

 1,011

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 December 31, 2008. 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

 Apr 1, 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

 236,637

 183,901

 119,750

 783

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

 Apr 1, 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

 Apr 1, 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

 247,112

 2,620

 249,731

 248,196

 246,833

 88

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

 Apr 1, 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

 27,661

 24,036

 133

 5,066

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 December 31, 2008. 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 1,837 + 5 + 497

Securities, repurchase agreements, term auction

credit, and other loans 1,382,945 + 16,833 + 580,909

Securities held outright 782,583 + 21,288 + 201,343

U.S. Treasury securities1 492,330 + 17,584 - 88,910

Bills2 18,423 0 - 74,562

Notes and bonds, nominal2 430,454 + 17,540 - 14,596

Notes and bonds, inflation-indexed2 39,378 0 + 941

Inflation compensation3 4,076 + 44 - 693

Federal agency debt securities2 53,616 + 3,223 + 53,616

Mortgage-backed securities4 236,637 + 481 + 236,637

Repurchase agreements5 0 0 - 76,000

Term auction credit 467,278 - 1,311 + 367,278

Other loans 133,084 - 3,143 + 88,288

Net portfolio holdings of Commercial Paper Funding

Facility LLC6 249,731 + 8,420 + 249,731

Net portfolio holdings of LLCs funded through the

Money Market Investor Funding Facility7 0 0 0

Net portfolio holdings of Maiden Lane LLC8 26,336 + 48 + 26,336

Net portfolio holdings of Maiden Lane II LLC9 18,516 + 67 + 18,516

Net portfolio holdings of Maiden Lane III LLC10 27,661 + 16 + 27,661

Items in process of collection (475) 485 + 17 - 4,248

Bank premises 2,183 - 4 + 38

Central bank liquidity swaps11 308,792 - 18,986 + 287,792

Other assets12 48,692 + 773 + 7,780

Total assets (475) 2,080,415 + 7,188 +1,195,012

H.4.1

9. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Change since

Wednesday

 Apr 2, 2008

Eliminations from

consolidation Wednesday

 Apr 1, 2009

Wednesday

 Mar 25, 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 864,517 + 1,423 + 84,957

Reverse repurchase agreements13 67,906 + 1,479 + 26,845

Deposits (0) 1,089,916 + 4,656 +1,072,076

Depository institutions 837,463 + 15,051 + 826,046

U.S. Treasury, general account 37,754 - 18,444 + 31,741

U.S. Treasury, supplementary financing account 199,934 - 1 + 199,934

Foreign official 846 - 741 + 748

Other (0) 13,919 + 8,791 + 13,607

Deferred availability cash items (475) 3,268 + 407 + 8

Other liabilities and accrued dividends14 9,268 - 134 + 5,532

Total liabilities (475) 2,034,874 + 7,829 +1,189,417

Capital accounts

Capital paid in 22,560 + 4 + 3,012

Surplus 21,156 + 8 + 2,685

Other capital accounts 1,824 - 654 - 103

Total capital 45,540 - 642 + 5,594

H.4.1

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

Millions of dollars

Change since

Wednesday

 Apr 2, 2008

Eliminations from

consolidation Wednesday

 Apr 1, 2009

Wednesday

 Mar 25, 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.
    15, 14, 9,  8, 1, 4,           4,  + 1, 22,

 344 71 43 31,390 27,043 17,013 637 16,377 1,853 8,177 0 4,238 109 0 0 0 0 0 36 133 3,055 1,105 - 751 35,427

 913 212 220 77,338 69,070 43,453 1,626 41,827 4,732 20,885 0 6,474 1,793 0 0 0 0 0 112 207 10,251 2,939 + 13,587 105,777

 1,221 166 212 86,614 77,866 48,986 1,833 47,153 5,335 23,545 0 8,483 266 0 0 0 0 0 -185 223 23,485 4,305 + 25,021 141,063

 891 147 251 154,960 70,963 44,644 1,671 42,973 4,862 21,458 0 83,563 434 0 0 0 0 0 55 233 87,141 9,088 - 7,680 245,087

 423 104 149 40,455 29,675 18,669 699 17,970 2,033 8,973 0 10,766 14 0 0 0 0 0 180 146 22,617 2,683 + 12,497 79,253

 424 115 66 62,256 32,824 20,650 773 19,877 2,249 9,925 0 23,022 6,409 0 0 0 0 0 58 122 12,302 2,007 + 5,071 82,421

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 1,837 1,382,945 782,583 492,330 18,423 473,907 53,616 236,637 0 467,278 133,084 249,731 0 26,336 18,516 27,661 960 2,183 308,792 48,692 0 2,080,889

 453 83 158 76,798 34,169 21,496 804 20,691 2,341 10,332 0 42,573 56 0 0 0 0 0 268 65 33,734 3,740 - 53,236 62,064

 3,935 874 79 639,301 278,438 175,168 6,555 168,613 19,076 84,194 0 238,947 121,916 249,731 0 26,336 18,516 27,661 0 209 83,391 15,105 - 72,366 992,772

H.4.110. Statement of Condition of Each Federal Reserve Bank, April 1, 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, April 1, 2009 (continued)Millions of dollars

Assets, liabilities, and capital

 37,248 5,276 31,971 2,848 45,490 45,483 0 0 2 5 126 161 80,597 909 844 72 82,421

 1,044,273 179,756 864,517 67,906 1,089,916 837,463 37,754 199,934 846 13,919 3,742 9,268 2,035,349 22,560 21,156 1,824 2,080,889

 368,057 56,443 311,613 24,161 637,091 384,827 37,754 199,934 816 13,760 1 6,714 979,581 6,363 5,687 1,142 992,772

 40,411 4,723 35,688 2,965 17,861 17,856 0 0 4 1 616 195 57,325 2,380 2,315 44 62,064

 45,572 7,569 38,003 2,575 34,860 34,856 0 0 3 0 474 187 76,099 1,587 1,552 15 79,253

 79,207 11,820 67,387 6,158 158,551 158,398 0 0 11 142 238 497 232,831 6,162 5,981 113 245,087

 132,730 28,565 104,165 6,757 26,105 26,100 0 0 3 2 348 358 137,733 1,645 1,612 74 141,063

 87,911 13,126 74,785 5,993 22,749 22,748 0 0 1 0 383 289 104,199 769 704 106 105,777

 30,013 3,670 26,342 2,347 6,073 6,068 0 0 0 5 64 154 34,980 217 210 21 35,427

 20,0 2,8 17,1 1,2 3,1 3,1     3 1 22,0 4 3  22,9
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, April 1, 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

 Apr 1, 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.

 1,044,273 179,756 864,517 864,517 11,037 2,200 721,161 130,119 782,583 61,422 721,161