---

`FEDERAL RESERVE statistical release

H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
                                                                                           January 21, 2010
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                                    Jan 20, 2010 Jan 13, 2010 Jan 21, 2009 Jan 20, 2010

Reserve Bank credit                                       2,230,849   +    5,144   +  189,673    2,233,078
  Securities held outright (1)                            1,906,189   +   49,875   +1,400,866    1,909,715       
    U.S. Treasury securities                                776,609   +        9   +  301,228      776,611
      Bills (2)                                              18,423            0            0       18,423
      Notes and bonds, nominal (2)                          708,697   +    1,048   +  295,783      708,872
      Notes and bonds, inflation-indexed (2)                 43,901   -      742   +    4,523       43,777
      Inflation compensation (3)                              5,588   -      298   +      921        5,539
    Federal agency debt securities (2)                      161,183   +      490   +  137,025      162,203
    Mortgage-backed securities (4)                          968,398   +   49,377   +  962,614      970,901
  Repurchase agreements (5)                                       0            0   -   37,143            0
  Term auction credit                                        38,531   -   37,387   -  377,500       38,531  
  Other loans                                                86,162   -    1,833   -   62,136       86,944
    Primary credit                                           15,112   -    2,388   -   46,506       14,930
    Secondary credit                                            973   +        7   +      899          968
    Seasonal credit                                               0   -        1   -        1            0
    Primary dealer and other broker-dealer credit (6)             0            0   -   32,679            0
    Asset-Backed Commercial Paper Money Market
      Mutual Fund Liquidity Facility                              0            0   -   15,482            0
    Credit extended to American International
      Group, Inc., net (7)                                   22,420   +      210   -   16,025       23,389
    Term Asset-Backed Securities Loan Facility, net (8)      47,657   +      338   +   47,657       47,657
    Other credit extensions                                       0            0            0            0
  Net portfolio holdings of Commercial Paper 
    Funding Facility LLC (9)                                 13,813   -      268   -  336,127       13,111
  Net portfolio holdings of Maiden Lane LLC (10)             26,744   +        7   -      387       26,758
  Net portfolio holdings of Maiden Lane II LLC (11)          15,406   +        3   -    4,396       15,415
  Net portfolio holdings of Maiden Lane III LLC (12)         22,411   +       61   -    4,535       22,471
  Net portfolio holdings of TALF LLC (13)                       298            0   +      298          298
  Preferred interests in AIA Aurora LLC and ALICO
    Holdings LLC (14)                                        25,106            0   +   25,106       25,106
  Float                                                      -1,984   +       59   -      436       -2,927
  Central bank liquidity swaps (15)                           1,250   -    6,946   -  467,275        1,250
  Other Federal Reserve assets (16)                          96,923   +    1,571   +   53,337       96,406
Gold stock                                                   11,041            0            0       11,041
Special drawing rights certificate account                    5,200            0   +    3,000        5,200
Treasury currency outstanding (17)                           42,726   +       14   +    1,377       42,726
       
Total factors supplying reserve funds                     2,289,815   +    5,157   +  194,049    2,292,044

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                                    Jan 20, 2010 Jan 13, 2010 Jan 21, 2009 Jan 20, 2010

Currency in circulation (17)                                919,286   -    1,165   +   34,397      919,651
Reverse repurchase agreements (18)                           64,037   +    1,247   -   12,217       62,930
  Foreign official and international accounts                64,037   +    1,247   -   12,217       62,930
  Dealers                                                         0            0            0            0
Treasury cash holdings                                          254   +        1   -       20          251
Deposits with F.R. Banks, other than reserve balances       159,159   -   15,754   -   82,177      181,830       
  U.S. Treasury, general account                            143,908   +    7,526   +  108,398      170,437
  U.S. Treasury, supplementary financing account              5,001            0   -  194,746        5,001
  Foreign official                                            3,160   +       49   +    2,969        3,215
  Service-related                                             2,761   -      261   -    1,643        2,761
    Required clearing balances                                2,761   -      260   -    1,643        2,761
    Adjustments to compensate for float                           0            0            0            0
  Other                                                       4,329   -   23,068   +    2,844          415
Other liabilities and capital (19)                           68,149   +    1,132   +   18,191       67,136

Total factors, other than reserve balances,                                        
   absorbing reserve funds                                1,210,884   -   14,541   -   41,827    1,231,796

Reserve balances with Federal Reserve Banks               1,078,931   +   19,698   +  235,877    1,060,248
                                                                
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. Includes outstanding principal and capitalized interest net of unamortized deferred commitment fees and 
   allowance for loan restructuring.  Excludes credit extended to consolidated LLCs.
8. Includes credit extended by the Federal Reserve Bank of New York to eligible borrowers through the Term 
   Asset-Backed Securities Loan Facility, net of unamortized deferred administrative fees.
9. Refer to table 7 and the note on consolidation accompanying table 11.
10. Refer to table 4 and the note on consolidation accompanying table 11.
11. Refer to table 5 and the note on consolidation accompanying table 11.
12. Refer to table 6 and the note on consolidation accompanying table 11.
13. Refer to table 8 and the note on consolidation accompanying table 11.
14. Refer to table 9.
15. 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.
16. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates,
    and accrued dividends on the Federal Reserve Bank of New York's preferred interests in AIA Aurora LLC and 
    ALICO Holdings LLC.
17. Estimated.
18. Cash value of agreements, which are collateralized by U.S. Treasury securities and federal agency debt 
    securities.
19. Includes the liabilities of Commercial Paper Funding Facility LLC, Maiden Lane LLC, Maiden Lane II LLC,  
    Maiden Lane III LLC, and TALF 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 11.

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
                                                         Jan 20, 2010 Jan 13, 2010 Jan 21, 2009 Jan 20, 2010

Marketable securities held in custody for foreign
      official and international accounts (1)             2,945,806   -    4,951   +  404,507    2,951,011
  U.S. Treasury securities                                2,178,732   -    5,045   +  443,681    2,183,520
  Federal agency securities (2)                             767,074   +       93   -   39,174      767,490
Securities lent to dealers                                    6,217   -    3,477   -  134,585        5,460   
  Overnight facility (3)                                      6,217   -    3,477   -    1,485        5,460
    U.S. Treasury securities                                  5,722   -    3,460   -    1,980        5,002
    Federal agency debt securities                              495   -       17   +      495          458
  Term facility (4)                                               0            0   -  133,100            0

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,   January 20, 2010
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                        0      38,531         ---          ---           ---        ---      38,531
Other loans (1)                       15,430         468            0      71,046             0        ---      86,944
U.S. Treasury securities (2) 
  Holdings                            14,407      28,796       46,209     327,155       214,776    145,267     776,611
  Weekly changes                  -    4,859  +    7,592   -    4,564  +      277    +    1,053 +      508  +        8
Federal agency debt securities (3) 
  Holdings                                 0       3,131       23,018     100,336        33,371      2,347     162,203
  Weekly changes                  -       68           0   +      446  +    2,063    -    1,067          0  +    1,374
Mortgage-backed securities (4)    
  Holdings                                 0           0            0           0             0    970,901     970,901
  Weekly changes                           0           0            0           0             0 +    2,311  +    2,311
Commercial paper held by
  Commercial Paper Funding 
  Facility LLC (5)                     7,463         977            0         ---           ---        ---       8,440
Asset-backed securities held by
  TALF LLC (6)                             0           0            0           0             0          0           0
Repurchase agreements (7)                  0           0          ---         ---           ---        ---           0
Central bank liquidity swaps (8)       1,150         100            0           0             0          0       1,250

Reverse repurchase agreements (7)     62,930           0          ---         ---           ---        ---      62,930
  
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, Maiden 
   Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF 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 asset-backed securities held by TALF LLC, which is the remaining principal balance of the underlying assets.
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                                                                                    Jan 20, 2010

Mortgage-backed securities held outright (1)                                                       970,901

Commitments to buy mortgage-backed securities (2)                                                  129,643
Commitments to sell mortgage-backed securities (2)                                                   3,345

Cash and cash equivalents (3)                                                                          811

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 10 and table 11.


4. Information on Principal Accounts of Maiden Lane LLC
Millions of dollars
                                                                                                  Wednesday
Account name                                                                                    Jan 20, 2010
         
Net portfolio holdings of Maiden Lane LLC (1)                                                       26,758

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)                                   421
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3)        1,252
 
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 September 30, 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 11.
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 10 and table 11.

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                                                                                     Jan 20, 2010

Net portfolio holdings of Maiden Lane II LLC (1)                                                     15,415

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)            15,479
Accrued interest payable to the Federal Reserve Bank of New York (2)                                    276
Deferred payment and accrued interest payable to subsidiaries of American International 
  Group, Inc. (3)                                                                                     1,038

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 September 30, 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 11.
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 10 and table 11.

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                                                                                     Jan 20, 2010

Net portfolio holdings of Maiden Lane III LLC (1)                                                    22,471

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)            17,743
Accrued interest payable to the Federal Reserve Bank of New York (2)                                    353
Outstanding principal amount and accrued interest on loan payable to American International
  Group, Inc. (3)                                                                                     5,202

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 September 30, 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 11.
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 10 and table 11.

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                                                                                     Jan 20, 2010

Commercial paper holdings, net (1)                                                                    8,294
Other investments, net                                                                                4,817
Net portfolio holdings of Commercial Paper Funding Facility LLC                                      13,111

Memorandum: Commercial paper holdings, face value                                                     8,440

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)             8,377
Accrued interest payable to the Federal Reserve Bank of New York (2)                                      5

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 11.

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 TALF LLC
Millions of dollars
                                                                                                   Wednesday
Account name                                                                                     Jan 20, 2010

Asset-backed securities holdings (1)                                                                      0
Other investments, net                                                                                  298
Net portfolio holdings of TALF LLC                                                                      298

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
Funding provided by U.S. Treasury to TALF LLC, including accrued interest payable (3)                   103

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.  
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 11.
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 10 and table 11.

Note:  On November 25, 2008, the Federal Reserve announced the creation of the Term Asset-Backed Securities Loan
Facility (TALF) under the authority of section 13(3) of the Federal Reserve Act.  The TALF is a facility under 
which the Federal Reserve Bank of New York (FRBNY) extends loans with a term of up to five years to holders of 
eligible asset-backed securities.  The TALF is intended to assist financial markets in accommodating the credit 
needs of consumers and businesses by facilitating the issuance of asset-backed securities collateralized by a 
variety of consumer and business loans. The loans provided through the TALF to eligible borrowers are non-recourse, 
meaning that the obligation of the borrower can be discharged by surrendering the collateral to the FRBNY.  The 
loans are extended for the market value of the security less an amount known as a haircut.  As a result, the 
borrower bears the initial risk of a decline in the value of the security. 

TALF LLC is a limited liability company formed to purchase and manage any asset-backed securities received by
the FRBNY in connection with the decision of a borrower not to repay a TALF loan. TALF LLC has committed, for a 
fee, to purchase all asset-backed securities received by the FRBNY in conjunction with a TALF loan at a price 
equal to the TALF loan plus accrued but unpaid interest.  Losses on asset-backed securities held by TALF LLC 
will be offset in the following order: by the commitment fees collected by TALF LLC, by the interest received on 
investments of TALF LLC, by up to $20 billion in subordinated debt funding provided by the U.S. Treasury, and 
finally, by senior debt funding provided by the FRBNY.  Payments by TALF LLC from the proceeds of its net portfolio 
holdings will be made in the following order: operating expenses of TALF LLC, principal due to the FRBNY, principal 
due to the U.S. Treasury, interest due to the FRBNY, and interest due to the U.S. Treasury.  Any remaining funds 
will be shared by the FRBNY and the U.S. Treasury.


9.  Supplemental Information on the Federal Reserve Bank of New York's Preferred Interests in AIA Aurora LLC and 
    ALICO Holdings LLC
Millions of dollars
                                                                                                   Wednesday
Account name                                                                                     Jan 20, 2010

Preferred interests in AIA Aurora LLC and ALICO Holdings LLC (1)                                     25,106
Accrued dividends on preferred interests in AIA Aurora LLC and ALICO Holdings LLC (2)                    69

Preferred interests in AIA Aurora LLC (1)                                                            16,068
Accrued dividends on preferred interests in AIA Aurora LLC (2)                                           44

Preferred interests in ALICO Holdings LLC (1)                                                         9,038
Accrued dividends on preferred interests in ALICO Holdings LLC (2)                                       25

Note:  Components may not sum to totals because of rounding.

1. Book value.
2. This amount is included in other Federal Reserve assets in table 1 and in other assets in table 10 and table 11.

Note on preferred interests:  

In conjunction with the restructuring of the government's assistance to American 
International Group, Inc. (AIG) announced March 2, 2009, the outstanding balance and amount available of revolving 
credit provided to AIG by the FRBNY has been reduced in exchange for preferred interests in two special purpose 
vehicles, AIA Aurora LLC and ALICO Holdings LLC.  These two limited liability companies were created to directly or 
indirectly hold all of the outstanding common stock of American International Assurance Company Ltd. (AIA) and 
American Life Insurance Company (ALICO), two life insurance subsidiaries of AIG.  AIG will retain control of AIA 
Aurora LLC and ALICO Holdings LLC, and the FRBNY will have certain consent, disposition, and conversion rights with 
respect to its preferred interests.

Dividends accrue as a percentage of the FRBNY's preferred interests in AIA Aurora LLC and ALICO Holdings LLC.  On a 
quarterly basis, the accrued dividends are capitalized and added to the FRBNY's preferred interests in AIA Aurora LLC 
and ALICO Holdings LLC.


10. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of dollars
                                                 Eliminations                          Change since
                                                     from       Wednesday        Wednesday        Wednesday
Assets, liabilities, and capital                consolidation Jan 20, 2010     Jan 13, 2010     Jan 21, 2009

Assets
Gold certificate account                                           11,037                0                0
Special drawing rights certificate account                          5,200                0       +    3,000
Coin                                                                2,150       +       52       +      361
Securities, repurchase agreements, term auction
      credit, and other loans                                   2,035,190       -   32,509       +  944,365
  Securities held outright (1)                                  1,909,715       +    3,693       +1,404,245
    U.S. Treasury securities                                      776,611       +        8       +  301,289       
      Bills (2)                                                    18,423                0                0
      Notes and bonds, nominal (2)                                708,872       +    1,223       +  295,958
      Notes and bonds, inflation-indexed (2)                       43,777       -      866       +    4,399
      Inflation compensation (3)                                    5,539       -      350       +      931
    Federal agency debt securities (2)                            162,203       +    1,374       +  138,045
    Mortgage-backed securities (4)                                970,901       +    2,311       +  964,910
  Repurchase agreements (5)                                             0                0       -   20,000    
  Term auction credit                                              38,531       -   37,387       -  377,500
  Other loans                                                      86,944       +    1,184       -   62,380
Net portfolio holdings of Commercial Paper 
  Funding Facility LLC (6)                                         13,111       -      981       -  337,413
Net portfolio holdings of Maiden Lane LLC (7)                      26,758       +       16       -      423
Net portfolio holdings of Maiden Lane II LLC (8)                   15,415       +       11       -    4,398
Net portfolio holdings of 
  Maiden Lane III LLC (9)                                          22,471       +       70       -    4,496
Net portfolio holdings of TALF LLC (10)                               298                0       +      298
Preferred interests in AIA Aurora LLC and 
  ALICO Holdings LLC (11)                                          25,106                0       +   25,106
Items in process of collection                         (407)          667       +      339       -      896
Bank premises                                                       2,243       +        1       +       59
Central bank liquidity swaps (12)                                   1,250       -    4,645       -  461,546
Other assets (13)                                                  94,198       -    2,202       +   52,490
     
      Total assets                                     (407)    2,255,093       -   39,849       +  216,506

Note: Components may not sum to totals because of rounding.  Footnotes appear at the end of the table.


10. 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 Jan 20, 2010     Jan 13, 2010     Jan 21, 2009
                         
Liabilities
Federal Reserve notes, net of F.R. Bank holdings                  879,322       +      102       +   31,124
Reverse repurchase agreements (14)                                 62,930       -    1,436       -   12,095
Deposits                                                 (0)    1,242,111       -   34,122       +  181,315       
  Depository institutions                                       1,063,042       -   72,203       +  254,743
  U.S. Treasury, general account                                  170,437       +   46,262       +  123,732
  U.S. Treasury, supplementary financing account                    5,001                0       -  194,746
  Foreign official                                                  3,215       +      331       +    3,028
  Other                                                  (0)          415       -    8,512       -    5,442
Deferred availability cash items                       (407)        3,594       +      715       -      680
Other liabilities and accrued dividends (15)                       15,148       -    4,772       +    6,615

      Total liabilities                                (407)    2,203,106       -   39,512       +  206,279
                          
Capital accounts
Capital paid in                                                    25,649       -        3       +    4,135
Surplus                                                            25,192       -      104       +    5,779
Other capital accounts                                              1,147       -      228       +      313

      Total capital                                                51,987       -      337       +   10,227

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 11.
7. Refer to table 4 and the note on consolidation accompanying table 11.
8. Refer to table 5 and the note on consolidation accompanying table 11.
9. Refer to table 6 and the note on consolidation accompanying table 11.
10. Refer to table 8 and the note on consolidation accompanying table 11.
11. Refer to table 9.
12. 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. 
13. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates,
    and accrued dividends on the Federal Reserve Bank of New York's preferred interests in AIA Aurora LLC and 
    ALICO Holdings LLC.
14. Cash value of agreements, which are collateralized by U.S. Treasury securities and federal agency debt 
    securities.
15. Includes the liabilities of Commercial Paper Funding Facility LLC, Maiden Lane LLC, Maiden Lane II LLC,  
    Maiden Lane III LLC, and TALF 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 11. 


11. Statement of Condition of Each Federal Reserve Bank,   January 20, 2010
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.       5,200        196      1,818        210        237        412        654        424        150         90        153        282        574
Coin                                           2,150         66         82        172        161        309        223        318         37         67        143        228        345
Securities, repurchase agreements, term
      auction credit, and other loans      2,035,190     38,778    861,013     30,407     75,638     69,364    230,576    208,684     75,228     31,890     86,650     92,890    234,071
  Securities held outright (1)             1,909,715     36,634    746,461     29,627     75,449     68,820    230,094    206,652     74,815     31,616     86,203     92,337    231,005
    U.S. Treasury securities                 776,611     14,898    303,558     12,048     30,682     27,987     93,571     84,038     30,425     12,857     35,056     37,550     93,941
      Bills (2)                               18,423        353      7,201        286        728        664      2,220      1,994        722        305        832        891      2,228
      Notes and bonds (3)                    758,188     14,544    296,357     11,763     29,955     27,323     91,351     82,044     29,703     12,552     34,224     36,659     91,713
    Federal agency debt securities (2)       162,203      3,112     63,401      2,516      6,408      5,845     19,543     17,552      6,354      2,685      7,322      7,843     19,621
    Mortgage-backed securities (4)           970,901     18,625    379,501     15,063     38,358     34,988    116,980    105,062     38,036     16,074     43,826     46,944    117,443
  Repurchase agreements (5)                        0          0          0          0          0          0          0          0          0          0          0          0          0
  Term auction credit                         38,531      2,025     28,711        563        189        460        388      1,725        395        239        438        540      2,858     
  Other loans                                 86,944        119     85,841        216          0         84         93        307         18         35         10         13        207
Net portfolio holdings of Commercial
  Paper Funding Facility LLC (6)              13,111          0     13,111          0          0          0          0          0          0          0          0          0          0
Net portfolio holdings of Maiden Lane 
  LLC (7)                                     26,758          0     26,758          0          0          0          0          0          0          0          0          0          0
Net portfolio holdings of Maiden
  Lane II LLC (8)                             15,415          0     15,415          0          0          0          0          0          0          0          0          0          0
Net portfolio holdings of Maiden
  Lane III LLC (9)                            22,471          0     22,471          0          0          0          0          0          0          0          0          0          0
Net portfolio holdings of TALF LLC (10)          298          0        298          0          0          0          0          0          0          0          0          0          0
Preferred interests in AIA Aurora LLC
  and ALICO Holdings LLC (11)                 25,106          0     25,106          0          0          0          0          0          0          0          0          0          0
Items in process of collection                 1,074         38          0         76        182         16        338         52         61         71         65         79         95
Bank premises                                  2,243        121        262         71        144        238        221        205        135        111        268        253        214
Central bank liquidity swaps (12)              1,250         50        333        137         92        355         96         42         12         19         12         16         86
Other assets (13)                             94,198      2,366     33,644      3,880      4,584      9,816     10,171      8,209      2,950      1,549      3,343      3,655     10,029
Interdistrict settlement account                   0  +  11,222  + 189,939  +  38,216  -  29,916  + 169,082  -  93,459  - 102,523  -  37,320  -  10,170  -  40,269  -  28,082  -  66,720

      Total assets                         2,255,500     53,248  1,194,144     73,619     51,589    250,474    150,175    116,322     41,584     23,824     50,701     69,943    179,876

Note: Components may not sum to totals because of rounding.  Footnotes appear at the end of the table.


11. Statement of Condition of Each Federal Reserve Bank,   January 20, 2010 (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           1,081,233     35,660    397,385     38,212     44,724     82,351    137,020     85,303     32,867     19,302     28,736     63,140    116,532
  Less: Notes held by F.R. Banks              201,911      4,572     71,572      5,977      8,448     11,278     33,862     13,205      4,555      2,802      3,520     13,893     28,228
    Federal Reserve notes, net                879,322     31,088    325,814     32,235     36,276     71,073    103,158     72,098     28,312     16,501     25,216     49,247     88,304
Reverse repurchase agreements (14)             62,930      1,207     24,598        976      2,486      2,268      7,582      6,810      2,465      1,042      2,841      3,043      7,612
Deposits                                    1,242,111     18,727    818,708     34,477      7,864    162,394     34,707     34,822      9,766      4,282     21,545     16,133     78,686
  Depository institutions                   1,063,042     18,715    639,847     34,471      7,860    162,256     34,704     34,789      9,763      4,281     21,544     16,132     78,680
  U.S. Treasury, general account              170,437          0    170,437          0          0          0          0          0          0          0          0          0          0
  U.S. Treasury, supplementary
    financing account                           5,001          0      5,001          0          0          0          0          0          0          0          0          0          0
  Foreign official                              3,215          2      3,186          4          3         11          3          1          0          1          0          1          3
  Other                                           415         10        236          2          1        126          0         32          2          0          1          0          4
Deferred availability cash items                4,001        115          0        348        712        142        436        335        147        377        258        320        812
Other liabilities and accrued                 
  dividends (15)                               15,148        226      9,585        223        385        539        994        892        355        189        369        439        952
   
      Total liabilities                     2,203,513     51,363  1,178,704     68,259     47,724    236,415    146,876    114,957     41,047     22,391     50,230     69,182    176,366
                              
Capital                    
Capital paid in                                25,649        944      7,442      2,802      1,921      7,140      1,581        619        240        712        208        352      1,687
Surplus                                        25,192        941      7,461      2,557      1,910      6,920      1,581        619        240        712        210        353      1,687
Other capital                                   1,147          0        537          0         34          0        137        127         56          9         54         57        136

      Total liabilities and capital         2,255,500     53,248  1,194,144     73,619     51,589    250,474    150,175    116,322     41,584     23,824     50,701     69,943    179,876
                              
Note: Components may not sum to totals because of rounding.  Footnotes appear at the end of the table.


11. Statement of Condition of Each Federal Reserve Bank,   January 20, 2010 (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 4 and the note on consolidation below.
8. Refer to table 5 and the note on consolidation below.
9. Refer to table 6 and the note on consolidation below.
10. Refer to table 8 and the note on consolidation below.
11. Refer to table 9.
12. 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.
13. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates, and accrued dividends on the Federal Reserve Bank of New York's 
    preferred interests in AIA Aurora LLC and ALICO Holdings LLC.
14. Cash value of agreements, which are collateralized by U.S. Treasury securities and federal agency debt securities.
15. Includes the liabilities of Commercial Paper Funding Facility LLC, Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF 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 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.  On November 25, 2008, the Federal Reserve Board authorized the FRBNY to extend credit to TALF LLC, which was 
formed to purchase and manage any asset-backed securities received by the FRBNY in connection with the decision of a borrower not to repay a loan extended under the Term Asset-Backed 
Securities Loan Facility.

The FRBNY is the sole beneficiary of Commercial Paper Funding Facility LLC.  The FRBNY is the primary beneficiary of TALF LLC, because of the two beneficiaries of the LLC, the FRBNY and the 
U.S. Treasury, the FRBNY is primarily responsible for directing the financial activities of TALF LLC.  The FRBNY is the primary beneficiary of the other LLCs cited above because it will receive 
a majority of any residual returns of the LLCs and absorb a majority of any residual losses of the LLCs.  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 10), 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 10).


12. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts
Millions of dollars

Federal Reserve notes and collateral                                                              Wednesday
                                                                                                Jan 20, 2010
              
Federal Reserve notes outstanding                                                                1,081,233
  Less: Notes held by F.R. Banks not subject to collateralization                                  201,911
    Federal Reserve notes to be collateralized                                                     879,322 
Collateral held against Federal Reserve notes                                                      879,322
  Gold certificate account                                                                          11,037
  Special drawing rights certificate account                                                         5,200
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                         863,085
  Other assets pledged                                                                                   0

Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                           1,909,715
  Less: Face value of securities under reverse repurchase agreements                                62,288
    U.S. Treasury, agency debt, and mortgage-backed securities
    eligible to be pledged                                                                       1,847,427
   
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

---

Home Economic research and data  Accessibility Contact Us  Last update: January 21, 2010