---

`For release at
4:30 p.m. EDT
July 23, 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 reflect recent changes to the System Open Market Account (SOMA) securities lending program.  Table 1A, "Memorandum Items," now provides 
a breakdown of the amounts of U.S. Treasury securities and federal agency debt securities lent overnight to dealers.  

On July 7, 2009, the Federal Reserve announced that federal agency debt securities held in the SOMA portfolio would be offered for loan under the existing 
securities lending program.  The securities lending program provides a temporary source of U.S. Treasury securities and now federal agency debt 
securities, to foster efficient and liquid trading in the market for these securities.  Prior to July 9, 2009, only U.S. Treasury securities held in the 
SOMA portfolio were offered for loan under the securities lending program.

When securities are lent, the Federal Reserve retains ownership of the securities, so the amount of securities held outright on tables 1, 9, and 10 includes 
the securities lent.


FEDERAL RESERVE statistical release

H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
                                                                                              July 23, 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 22, 2009 Jul 15, 2009 Jul 23, 2008 Jul 22, 2009

Reserve Bank credit                                       2,010,659   -    1,087   +1,126,759    2,023,907
  Securities held outright (1)                            1,325,951   +   60,244   +  846,862    1,340,871       
    U.S. Treasury securities                                686,476   +    9,314   +  207,387      692,726
      Bills (2)                                              18,423            0   -    3,317       18,423
      Notes and bonds, nominal (2)                          618,575   +    7,742   +  206,183      624,575
      Notes and bonds, inflation-indexed (2)                 44,223   +    1,400   +    5,052       44,438
      Inflation compensation (3)                              5,255   +      172   -      532        5,291
    Federal agency debt securities (2)                      102,121   +    2,633   +  102,121      102,680
    Mortgage-backed securities (4)                          537,354   +   48,297   +  537,354      545,466
  Repurchase agreements (5)                                       0            0   -  104,786            0
  Term auction credit                                       237,634   -   36,057   +   87,634      237,634  
  Other loans                                               110,640   -    1,253   +   94,130      109,137
    Primary credit                                           33,748   -      709   +   17,367       33,445
    Secondary credit                                             31   +       31   -        3          121
    Seasonal credit                                              89   +       15   -        7           90
    Primary dealer and other broker-dealer credit (6)             0            0            0            0
    Asset-Backed Commercial Paper Money Market
      Mutual Fund Liquidity Facility                          3,560   -    4,438   +    3,560        2,227
    Credit extended to American International
      Group, Inc. (7)                                        43,132   +      106   +   43,132       43,277
    Term Asset-Backed Securities Loan Facility               30,080   +    3,742   +   30,080       29,978
    Other credit extensions                                       0            0            0            0
  Net portfolio holdings of Commercial Paper 
    Funding Facility LLC (8)                                110,501   -    1,859   +  110,501      109,846
  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)             25,989   +       31   -    3,036       26,056
  Net portfolio holdings of Maiden Lane II LLC (11)          15,755   +       11   +   15,755       15,760
  Net portfolio holdings of Maiden Lane III LLC (12)         18,817   +       33   +   18,817       18,837
  Float                                                      -2,058   +       56   -      654       -2,049
  Central bank liquidity swaps (13)                          89,864   -   21,914   +   27,864       89,582
  Other Federal Reserve assets (14)                          77,565   -      379   +   33,671       78,232
Gold stock                                                   11,041            0            0       11,041
Special drawing rights certificate account                    2,200            0            0        2,200
Treasury currency outstanding (15)                           42,473   +       14   +    3,797       42,473
       
Total factors supplying reserve funds                     2,066,373   -    1,073   +1,130,555    2,079,620

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 22, 2009 Jul 15, 2009 Jul 23, 2008 Jul 22, 2009

Currency in circulation (15)                                908,744   -    1,723   +   78,945      909,530
Reverse repurchase agreements (16)                           67,805   -      955   +   25,195       66,833
  Foreign official and international accounts                67,805   -      955   +   25,195       66,833
  Dealers                                                         0            0            0            0
Treasury cash holdings                                          347   -        1   +       69          337
Deposits with F.R. Banks, other than reserve balances       280,637   +   30,710   +  267,530      270,095       
  U.S. Treasury, general account                             73,188   +   46,757   +   67,769       61,601
  U.S. Treasury, supplementary financing account            199,936   -        3   +  199,936      199,936
  Foreign official                                            1,736   -    1,225   +    1,635        1,884
  Service-related                                             5,165   +      978   -    2,088        5,165
    Required clearing balances                                5,153   +      966   -    2,100        5,153
    Adjustments to compensate for float                          12   +       12   +       12           12
  Other                                                         612   -   15,797   +      277        1,509
Other liabilities and capital (17)                           56,611   +      405   +   12,400       56,613

Total factors, other than reserve balances,                                        
   absorbing reserve funds                                1,314,145   +   28,438   +  384,140    1,303,409

Reserve balances with Federal Reserve Banks                 752,228   -   29,511   +  746,416      776,212
                                                                
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 22, 2009 Jul 15, 2009 Jul 23, 2008 Jul 22, 2009

Marketable securities held in custody for foreign
      official and international accounts (1)             2,786,931   +    4,808   +  433,481    2,790,055
  U.S. Treasury securities                                1,995,795   +   14,007   +  623,371    1,997,994
  Federal agency securities (2)                             791,137   -    9,199   -  189,889      792,061
Securities lent to dealers                                   11,462   -    3,051   -  105,094       17,408   
  Overnight facility (3)                                      8,540   -    1,723   +    3,541       14,708
    U.S. Treasury securities                                  8,355   -    1,754   +    3,356       14,587
    Federal agency debt securities                              185   +       31   +      185          121
  Term facility (4)                                           2,921   -    1,329   -  108,636        2,700

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. U.S. Treasury securities only. 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 22, 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                   86,337     151,298         ---          ---           ---        ---     237,634
Other loans (1)                       27,600       8,283            0      73,254             0        ---     109,137
U.S. Treasury securities (2) 
  Holdings                            15,018      23,891       63,994     277,376       183,943    128,504     692,726
  Weekly changes                  +      377  +      233   +      328  +      134    +    7,690 -       66  +    8,696
Federal agency debt securities (3) 
  Holdings                                 0         750       12,751      66,649        21,203      1,327     102,680
  Weekly changes                  -      196           0   +    2,730  -    2,730    +    1,060 +      115  +      979
Mortgage-backed securities (4)    
  Holdings                                 0           0            0           0             0    545,466     545,466
  Weekly changes                           0           0            0           0             0 +   19,048  +   19,048
Commercial paper held by
  Commercial Paper Funding 
  Facility LLC (5)                    81,508      24,501            0         ---           ---        ---     106,009
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)      61,413      28,169            0           0             0          0      89,582

Reverse repurchase agreements (7)     66,833           0          ---         ---           ---        ---      66,833
  
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 22, 2009

Mortgage-backed securities held outright (1)                                                       545,466

Commitments to buy mortgage-backed securities (2)                                                  134,415
Commitments to sell mortgage-backed securities (2)                                                  19,180

Cash and cash equivalents (3)                                                                           37

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 22, 2009
         
Net portfolio holdings of Maiden Lane LLC (1)                                                       26,056

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)                                   348
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3)        1,221
 
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 22, 2009

Net portfolio holdings of Maiden Lane II LLC (1)                                                     15,760

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)                                    173
Deferred payment and accrued interest payable to subsidiaries of American International 
  Group, Inc. (3)                                                                                     1,022

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 22, 2009

Net portfolio holdings of Maiden Lane III LLC (1)                                                    18,837

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)                                    231
Outstanding principal amount and accrued interest on loan payable to American International
  Group, Inc. (3)                                                                                     5,119

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 22, 2009

Commercial paper holdings, net (1)                                                                  105,848
Other investments, net                                                                                3,998
Net portfolio holdings of Commercial Paper Funding Facility LLC                                     109,846

Memorandum: Commercial paper holdings, face value                                                   106,009

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)           105,359
Accrued interest payable to the Federal Reserve Bank of New York (2)                                     54

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 22, 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 22, 2009     Jul 15, 2009     Jul 23, 2008

Assets
Gold certificate account                                           11,037                0                0
Special drawing rights certificate account                          2,200                0                0
Coin                                                                1,838       +       46       +      504
Securities, repurchase agreements, term auction
      credit, and other loans                                   1,687,643       -   11,484       +  936,943
  Securities held outright (1)                                  1,340,871       +   28,721       +  861,750
    U.S. Treasury securities                                      692,726       +    8,696       +  213,605       
      Bills (2)                                                    18,423                0       -    3,317
      Notes and bonds, nominal (2)                                624,575       +    7,000       +  212,183
      Notes and bonds, inflation-indexed (2)                       44,438       +    1,499       +    5,267
      Inflation compensation (3)                                    5,291       +      196       -      527
    Federal agency debt securities (2)                            102,680       +      979       +  102,680
    Mortgage-backed securities (4)                                545,466       +   19,048       +  545,466
  Repurchase agreements (5)                                             0                0       -  103,750    
  Term auction credit                                             237,634       -   36,057       +   87,634
  Other loans                                                     109,137       -    4,149       +   91,307
Net portfolio holdings of Commercial Paper 
  Funding Facility LLC (6)                                        109,846       -    1,207       +  109,846
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)                      26,056       +       78       -    3,003
Net portfolio holdings of Maiden Lane II LLC (9)                   15,760       +        6       +   15,760
Net portfolio holdings of 
  Maiden Lane III LLC (10)                                         18,837       +       23       +   18,837
Items in process of collection                         (390)          438       -       18       -      993
Bank premises                                                       2,211       +       10       +       53
Central bank liquidity swaps (11)                                  89,582       -   22,059       +   27,582
Other assets (12)                                                  76,033       +    1,264       +   34,909
     
      Total assets                                     (390)    2,041,481       -   33,341       +1,140,437

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 22, 2009     Jul 15, 2009     Jul 23, 2008
                         
Liabilities
Federal Reserve notes, net of F.R. Bank holdings                  869,228       -    1,099       +   74,984
Reverse repurchase agreements (13)                                 66,833       +      491       +   24,684
Deposits                                                 (0)    1,046,319       -   32,871       +1,028,208       
  Depository institutions                                         781,389       -   27,435       +  770,421
  U.S. Treasury, general account                                   61,601       -    3,633       +   54,881
  U.S. Treasury, supplementary financing account                  199,936       -        3       +  199,936
  Foreign official                                                  1,884       -       81       +    1,783
  Other                                                  (0)        1,509       -    1,720       +    1,187
Deferred availability cash items                       (390)        2,487       -      399       -      464
Other liabilities and accrued dividends (14)                        6,477       -      127       +    3,104

      Total liabilities                                (390)    1,991,344       -   34,004       +1,130,516
                          
Capital accounts
Capital paid in                                                    24,516       +        4       +    4,612
Surplus                                                            21,289       +        8       +    2,795
Other capital accounts                                              4,331       +      650       +    2,513

      Total capital                                                50,137       +      663       +    9,921

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 22, 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                                           1,838         61         73        154        148        241        224        223         40         59        130        190        294
Securities, repurchase agreements, term
      auction credit, and other loans      1,687,643     38,463    806,819     29,058     59,781     52,162    165,009    150,006     54,915     22,792     62,591     67,050    178,997
  Securities held outright (1)             1,340,871     25,722    524,114     20,802     52,975     48,321    161,557    145,097     52,530     22,199     60,526     64,833    162,196
    U.S. Treasury securities                 692,726     13,289    270,769     10,747     27,368     24,964     83,464     74,960     27,138     11,468     31,269     33,494     83,794
      Bills (2)                               18,423        353      7,201        286        728        664      2,220      1,994        722        305        832        891      2,228
      Notes and bonds (3)                    674,303     12,935    263,568     10,461     26,640     24,300     81,244     72,967     26,417     11,163     30,437     32,604     81,566
    Federal agency debt securities (2)       102,680      1,970     40,135      1,593      4,057      3,700     12,372     11,111      4,023      1,700      4,635      4,965     12,421
    Mortgage-backed securities (4)           545,466     10,464    213,209      8,462     21,550     19,657     65,721     59,025     21,369      9,030     24,622     26,374     65,981
  Repurchase agreements (5)                        0          0          0          0          0          0          0          0          0          0          0          0          0
  Term auction credit                        237,634     10,317    179,566      8,027      6,765      3,399      3,245      3,575      2,273        378      2,063      2,211     15,816     
  Other loans                                109,137      2,424    103,139        229         41        441        207      1,334        112        215          3          6        986
Net portfolio holdings of Commercial
  Paper Funding Facility LLC (6)             109,846          0    109,846          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)                                     26,056          0     26,056          0          0          0          0          0          0          0          0          0          0
Net portfolio holdings of Maiden
  Lane II LLC (9)                             15,760          0     15,760          0          0          0          0          0          0          0          0          0          0
Net portfolio holdings of Maiden
  Lane III LLC (10)                           18,837          0     18,837          0          0          0          0          0          0          0          0          0          0
Items in process of collection                   828         19          0        118         96         32        335         10         11         46         67         48         47
Bank premises                                  2,211        121        228         68        147        238        222        207        135        112        270        248        213
Central bank liquidity swaps (11)             89,582      3,659     22,551     10,032      6,726     25,915      6,984      3,048        909      1,406        901      1,174      6,278
Other assets (12)                             76,033      2,020     26,489      3,612      3,859      9,123      8,005      6,263      2,246      1,251      2,537      2,790      7,838
Interdistrict settlement account                   0  +   5,094  +   2,024  +  11,085  -   5,356  + 154,856  -  36,934  -  51,192  -  23,402  -   3,635  -  20,663  -   4,184  -  27,694

      Total assets                         2,041,871     49,963  1,033,452     54,659     65,972    243,597    145,368    109,688     35,255     22,257     46,234     68,036    167,390

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 22, 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           1,056,027     35,841    382,052     39,817     45,150     82,592    132,398     86,345     31,054     19,816     28,782     62,358    109,820
  Less: Notes held by F.R. Banks              186,799      4,784     57,297      6,828      8,404     12,796     28,002     13,459      4,344      3,174      3,528     18,455     25,728
    Federal Reserve notes, net                869,228     31,057    324,754     32,990     36,747     69,796    104,396     72,887     26,710     16,643     25,254     43,903     84,092
Reverse repurchase agreements (13)             66,833      1,282     26,124      1,037      2,640      2,408      8,052      7,232      2,618      1,106      3,017      3,231      8,084
Deposits                                    1,046,319     15,549    663,925     14,949     22,709    157,358     28,879     27,169      5,095      2,881     17,132     19,791     70,881
  Depository institutions                     781,389     15,537    399,184     14,944     22,705    157,224     28,870     27,166      5,082      2,881     17,131     19,790     70,875
  U.S. Treasury, general account               61,601          0     61,601          0          0          0          0          0          0          0          0          0          0
  U.S. Treasury, supplementary
    financing account                         199,936          0    199,936          0          0          0          0          0          0          0          0          0          0
  Foreign official                              1,884          2      1,854          4          3         11          3          1          0          1          0          1          3
  Other                                         1,509         10      1,351          1          1        123          7          2         13          0          1          0          2
Deferred availability cash items                2,877         73          0        393        344         97        250        285        113        292        189        280        562
Other liabilities and accrued                 
  dividends (14)                                6,477        139      3,487        146        213        398        494        425        201        120        181        230        443
   
      Total liabilities                     1,991,734     48,098  1,018,291     49,514     62,653    230,057    142,071    107,998     34,737     21,043     45,772     67,436    164,063
                              
Capital                    
Capital paid in                                24,516        921      7,247      2,607      1,635      6,809      1,559        791        238        621        208        274      1,607
Surplus                                        21,289        844      5,819      2,316      1,552      5,981      1,612        704        209        324        208        271      1,449
Other capital                                   4,331        100      2,095        222        132        749        126        195         70        269         46         55        271

      Total liabilities and capital         2,041,871     49,963  1,033,452     54,659     65,972    243,597    145,368    109,688     35,255     22,257     46,234     68,036    167,390
                              
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 22, 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 22, 2009
              
Federal Reserve notes outstanding                                                                1,056,027
  Less: Notes held by F.R. Banks not subject to collateralization                                  186,799
    Federal Reserve notes to be collateralized                                                     869,228 
Collateral held against Federal Reserve notes                                                      869,228
  Gold certificate account                                                                          11,037
  Special drawing rights certificate account                                                         2,200
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                         855,991
  Other assets pledged                                                                                   0

Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                           1,340,871
  Less: Face value of securities under reverse repurchase agreements                                66,962
    U.S. Treasury, agency debt, and mortgage-backed securities
    eligible to be pledged                                                                       1,273,909
   
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.`

Statistical releases

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