---

`For release at
4:30 p.m. EST
March 26, 2009

The Board's H.4.1 statistical release, "Factors Affecting Reserve Balances of
Depository Institutions and Condition Statement of Federal Reserve Banks," has
been modified to include information related to the Term Asset-Backed
Securities Loan Facility (TALF). Credit was extended under the TALF for the
first time on March 25, 2009. 

The TALF will help market participants meet the credit needs of households and
businesses of all sizes by supporting the issuance of asset-backed securities
(ABS) collateralized by loans of various types to consumers and businesses.
Under the TALF, the Federal Reserve Bank of New York (FRBNY) finances the
purchase of eligible ABS by lending to holders of certain highly rated ABS
backed by newly and recently originated consumer and business loans. This
lending will be reported in "Term Asset-Backed Securities Loan Facility" in
table 1 and included in "Other loans" in table 2, table 8, and table 9.

In the event that a borrower does not repay a loan extended under the TALF,
the FRBNY will enforce its rights to the collateral and sell the collateral to
TALF LLC, a special purpose vehicle established by the Federal Reserve
specifically for the purpose of managing such assets. On March 25, 2009, the
Treasury, using funds from the Troubled Asset Relief Program (TARP), purchased
$100 million in subordinated debt in TALF LLC, thereby providing initial
funding for the LLC. The Federal Reserve is evaluating whether consolidation
of the LLC onto the balance sheet of the FRBNY is appropriate.


FEDERAL RESERVE statistical release

H.4.1 Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks 

                                                                                             March 26, 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                                    Mar 25, 2009 Mar 18, 2009 Mar 26, 2008 Mar 25, 2009

Reserve Bank credit                                       2,050,972   +    9,563   +1,181,630    2,055,282
  Securities held outright                                  760,492   +   13,845   +  131,515      761,295       
    U.S. Treasury securities (1)                            474,731   +       43   -  154,246      474,746
      Bills (2)                                              18,423            0   -  105,952       18,423
      Notes and bonds, nominal (2)                          412,914            0   -   48,543      412,914
      Notes and bonds, inflation-indexed (2)                 39,378            0   +      941       39,378
      Inflation compensation (3)                              4,017   +       43   -      691        4,032
    Federal agency debt securities (2)                       48,796   +    3,328   +   48,796       50,393
    Mortgage-backed securities (4)                          236,964   +   10,474   +  236,964      236,156
  Repurchase agreements (5)                                       0            0   -   84,821            0
  Term auction credit                                       468,589            0   +  388,589      468,589  
  Other loans                                               134,340   -    3,839   +  100,859      136,227
    Primary credit                                           62,782   -    2,901   +   62,232       61,305
    Secondary credit                                              0   -       11   -        2            1
    Seasonal credit                                               3            0   -        3            4
    Primary dealer and other broker-dealer credit (6)        20,089   +      414   -   12,834       20,175
    Asset-Backed Commercial Paper Money Market
      Mutual Fund Liquidity Facility                          7,179   -    2,050   +    7,179        6,845
    Credit extended to American International
      Group, Inc. (7)                                        43,614   +       35   +   43,614       43,188
    Term Asset-Backed Securities Loan Facility                  673   +      673   +      673        4,711
    Other credit extensions                                       0            0            0            0
  Net portfolio holdings of Commercial Paper 
    Funding Facility LLC (8)                                240,802   -      228   +  240,802      241,311
  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)             26,223   +       40   +   26,223       26,288
  Net portfolio holdings of Maiden Lane II LLC (11)          18,440   +       11   +   18,440       18,449
  Net portfolio holdings of Maiden Lane III LLC (12)         27,631   +       30   +   27,631       27,645
  Float                                                      -2,152   +       74   -      803       -2,393
  Central bank liquidity swaps (13)                         327,692   -    1,894   +  327,692      327,778
  Other Federal Reserve assets (14)                          48,914   +    1,524   +    5,503       50,092
Gold stock                                                   11,041            0            0       11,041
Special drawing rights certificate account                    2,200            0            0        2,200
Treasury currency outstanding (15)                           38,842   +       14   +      163       38,842
       
Total factors supplying reserve funds                     2,103,055   +    9,577   +1,181,793    2,107,365

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                                    Mar 25, 2009 Mar 18, 2009 Mar 26, 2008 Mar 25, 2009

Currency in circulation (15)                                898,615   +      263   +   81,759      899,798
Reverse repurchase agreements (16)                           65,178   -      402   +   24,472       66,427
  Foreign official and international accounts                65,178   -      402   +   24,472       66,427
  Dealers                                                         0            0            0            0
Treasury cash holdings                                          310   +        5   +       13          310
Deposits with F.R. Banks, other than reserve balances       287,653   -    9,522   +  274,799      267,313       
  U.S. Treasury, general account                             78,083   +    5,360   +   72,354       56,198
  U.S. Treasury, supplementary financing account            199,935   -        2   +  199,935      199,935
  Foreign official                                            1,863   -      240   +    1,745        1,587
  Service-related                                             4,465   -        1   -    2,289        4,465
    Required clearing balances                                4,465   -        1   -    2,289        4,465
    Adjustments to compensate for float                           0            0            0            0
  Other                                                       3,307   -   14,639   +    3,053        5,128
Other liabilities and capital (17)                           55,597   +    1,382   +   11,062       55,584

Total factors, other than reserve balances,                                        
   absorbing reserve funds                                1,307,353   -    8,275   +  392,105    1,289,433

Reserve balances with Federal Reserve Banks                 795,702   +   17,852   +  789,688      817,932
                                                                
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 6 and the note on consolidation accompanying table 9.
9. Refer to table 7 and the note on consolidation accompanying table 9.
10. Refer to table 3 and the note on consolidation accompanying table 9.
11. Refer to table 4 and the note on consolidation accompanying table 9.
12. Refer to table 5 and the note on consolidation accompanying table 9.
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 3 through table 7 and the note on consolidation accompanying table 9.

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
                                                         Mar 25, 2009 Mar 18, 2009 Mar 26, 2008 Mar 25, 2009

Marketable securities held in custody for foreign
      official and international accounts (1)             2,594,724   +    4,529   +  410,469    2,596,188
  U.S. Treasury securities                                1,782,966   +      828   +  498,251    1,785,867
  Federal agency securities (2)                             811,758   +    3,700   -   87,781      810,321
Securities lent to dealers                                   93,407   -   16,346   +   83,467       92,958   
  Overnight facility (3)                                      3,142   -      491   -    6,798        4,408
  Term facility (4,5)                                        90,264   -   15,856   +   90,264       88,550

Note: Components may not sum to totals because of rounding.

1. Face value of the securities.  Includes U.S. Treasury STRIPS, other zero-coupon bonds, and mortgage-backed 
   securities at face value.
2. Includes debt and mortgage-backed securities.
3. Fully collateralized by U.S. Treasury securities.
4. Fully collateralized by U.S. Treasury securities, federal agency securities, and other highly rated debt
   securities.
5. On     March 25, 2009, option contracts on draws on the Term Securities Lending Facility totaling $    35,000 
   million were outstanding. The exercise date for the options is    March 26, 2009, and the draws have a term of 
      March 27, 2009 through     April 3, 2009.


2. Maturity Distribution of Term Auction Credit, Other Loans, and Securities,     March 25, 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                  220,726     247,864         ---          ---           ---        ---     468,589
Other loans (1)                       82,790       5,509           30      47,899           ---        ---     136,227
U.S. Treasury securities (2) 
  Holdings                            19,286      25,225       60,925     168,691       100,938     99,681     474,746
  Weekly changes                  +    2,156  -    2,156   +        1  +       13    +       10 +       18  +       42
Federal agency debt securities (3) 
  Holdings                                 0           0        4,090      36,423         9,714        166      50,393
  Weekly changes                  -      571           0            0  +    2,692             0          0  +    2,121
Mortgage-backed securities (4)    
  Holdings                                 0           0            0           0             0    236,156     236,156
  Weekly changes                           0           0            0           0             0 -      333  -      333
Commercial paper held by
  Commercial Paper Funding 
  Facility LLC (5)                     2,426     237,437            0         ---           ---        ---     239,862
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)     177,946     149,832            0           0             0          0     327,778

Reverse repurchase agreements (7)     66,427           0          ---         ---           ---        ---      66,427
  
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. Information on Principal Accounts of Maiden Lane LLC
Millions of dollars
                                                                                                  Wednesday
Account name                                                                                    Mar 25, 2009
         
Net portfolio holdings of Maiden Lane LLC (1)                                                       26,288

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)                                   301
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3)        1,201
 
1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if
   the transaction were to be conducted in an orderly market on the measurement date.  Revalued quarterly. 
   This table reflects valuations as of  December 31, 2008.  Any assets purchased after this valuation date 
   are initially recorded at cost until their estimated fair value as of the purchase date becomes available.
2. Book value.  This amount was eliminated when preparing the Federal Reserve Bank of New York's statement
   of condition consistent with consolidation under generally accepted accounting principles.  Refer to
   the note on consolidation accompanying table 9.
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 8 and table 9.

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.



4. Information on Principal Accounts of Maiden Lane II LLC
Millions of dollars
                                                                                                   Wednesday
Account name                                                                                     Mar 25, 2009

Net portfolio holdings of Maiden Lane II LLC (1)                                                     18,449

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)            18,543
Accrued interest payable to the Federal Reserve Bank of New York (2)                                     91
Deferred payment and accrued interest payable to subsidiaries of American International 
  Group, Inc. (3)                                                                                     1,010

1. Fair value.  Fair value reflects an estimate of the price that would be received upon selling an asset if 
   the transaction were to be conducted in an orderly market on the measurement date.  Revalued quarterly.  
   This table reflects valuations as of  December 31, 2008.  Any assets purchased after this valuation date 
   are initially recorded at cost until their estimated fair value as of the purchase date becomes available.
2. Book value.  This amount was eliminated when preparing the Federal Reserve Bank of New York's statement 
   of condition consistent with consolidation under generally accepted accounting principles.  Refer to the 
   note on consolidation accompanying table 9.
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 8 and table 9.

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.


5. Information on Principal Accounts of Maiden Lane III LLC
Millions of dollars
                                                                                                   Wednesday
Account name                                                                                     Mar 25, 2009

Net portfolio holdings of Maiden Lane III LLC (1)                                                    27,645

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)            24,036
Accrued interest payable to the Federal Reserve Bank of New York (2)                                    127
Outstanding principal amount and accrued interest on loan payable to American International
  Group, Inc. (3)                                                                                     5,062

1. Fair value.  Fair value reflects an estimate of the price that would be received upon selling an asset if 
   the transaction were to be conducted in an orderly market on the measurement date.  Revalued quarterly.  
   This table reflects valuations as of  December 31, 2008.  Any assets purchased after this valuation date 
   are initially recorded at cost until their estimated fair value as of the purchase date becomes available.
2. Book value.  This amount was eliminated when preparing the Federal Reserve Bank of New York's statement 
   of condition consistent with consolidation under generally accepted accounting principles.  Refer to the 
   note on consolidation accompanying table 9.
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 8 and table 9.

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.


6. Information on Principal Accounts of Commercial Paper Funding Facility LLC
Millions of dollars
                                                                                                   Wednesday
Account name                                                                                     Mar 25, 2009

Commercial paper holdings, net (1)                                                                  238,712
Other investments, net                                                                                2,599
Net portfolio holdings of Commercial Paper Funding Facility LLC                                     241,311

Memorandum: Commercial paper holdings, face value                                                   239,862

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)           238,560
Accrued interest payable to the Federal Reserve Bank of New York (2)                                     78

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 9.

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.


7. Information on Principal Accounts of LLCs Funded through the Money Market Investor Funding Facility 
Millions of dollars
                                                                                                   Wednesday
Account name                                                                                     Mar 25, 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 9.

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.


8. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of dollars
                                                 Eliminations                          Change since
                                                     from       Wednesday        Wednesday        Wednesday
Assets, liabilities, and capital                consolidation Mar 25, 2009     Mar 18, 2009     Mar 26, 2008

Assets
Gold certificate account                                           11,037                0                0
Special drawing rights certificate account                          2,200                0                0
Coin                                                                1,832       +        5       +      511
Securities, repurchase agreements, term auction
      credit, and other loans                                   1,366,112       +    2,716       +  529,449
  Securities held outright                                        761,295       +    1,830       +  148,990
    U.S. Treasury securities (1)                                  474,746       +       42       -  137,559       
      Bills (2)                                                    18,423                0       -   95,668
      Notes and bonds, nominal (2)                                412,914                0       -   42,138
      Notes and bonds, inflation-indexed (2)                       39,378                0       +      941
      Inflation compensation (3)                                    4,032       +       42       -      694
    Federal agency debt securities (2)                             50,393       +    2,121       +   50,393
    Mortgage-backed securities (4)                                236,156       -      333       +  236,156
  Repurchase agreements (5)                                             0                0       -  106,750    
  Term auction credit                                             468,589                0       +  388,589
  Other loans                                                     136,227       +      885       +   98,620
Net portfolio holdings of Commercial Paper 
  Funding Facility LLC (6)                                        241,311       +      598       +  241,311
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)                      26,288       +       76       +   26,288
Net portfolio holdings of Maiden Lane II LLC (9)                   18,449       +       10       +   18,449
Net portfolio holdings of 
  Maiden Lane III LLC (10)                                         27,645       +       17       +   27,645
Items in process of collection                         (291)          468       +       80       -      317
Bank premises                                                       2,187                0       +       44
Central bank liquidity swaps (11)                                 327,778       -    1,234       +  327,778
Other assets (12)                                                  47,919       +    2,337       +    6,300
     
      Total assets                                     (291)    2,073,227       +    4,607       +1,177,459

Note: Components may not sum to totals because of rounding.  Footnotes appear at the end of the table.


8. 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 Mar 25, 2009     Mar 18, 2009     Mar 26, 2008
                         
Liabilities
Federal Reserve notes, net of F.R. Bank holdings                  863,094       +      362       +   82,462
Reverse repurchase agreements (13)                                 66,427       +    1,400       +   25,605
Deposits                                                 (0)    1,085,260       +    1,852       +1,058,249       
  Depository institutions                                         822,412       +   42,106       +  800,845
  U.S. Treasury, general account                                   56,198       -   44,181       +   51,254
  U.S. Treasury, supplementary financing account                  199,935       -        2       +  199,935
  Foreign official                                                  1,587       -      903       +    1,348
  Other                                                  (0)        5,128       +    4,833       +    4,867
Deferred availability cash items                       (291)        2,861       -       72       +      203
Other liabilities and accrued dividends (14)                        9,402       -        3       +    5,569

      Total liabilities                                (291)    2,027,045       +    3,540       +1,172,090
                          
Capital accounts
Capital paid in                                                    22,556       +       23       +    3,010
Surplus                                                            21,148       +        8       +    2,690
Other capital accounts                                              2,478       +    1,035       -      330

      Total capital                                                46,182       +    1,067       +    5,370

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 6 and the note on consolidation accompanying table 9.
7. Refer to table 7 and the note on consolidation accompanying table 9.
8. Refer to table 3 and the note on consolidation accompanying table 9.
9. Refer to table 4 and the note on consolidation accompanying table 9.
10. Refer to table 5 and the note on consolidation accompanying table 9.
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 3 through table 7 and the note on consolidation accompanying table 9. 


9. Statement of Condition of Each Federal Reserve Bank,     March 25, 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        424      3,935        453        423        891      1,221        913        344        199        349        636      1,249
Special drawing rights certificate acct.       2,200        115        874         83        104        147        166        212         71         30         66         98        234
Coin                                           1,832         66         81        157        149        250        214        220         43         62        124        178        289
Securities, repurchase agreements, term
      auction credit, and other loans      1,366,112     59,072    626,469     76,577     40,795    153,430     88,717     75,434     31,077     20,446     30,391     38,034    125,670
  Securities held outright                   761,295     31,932    270,864     33,239     28,868     69,033     75,748     67,192     26,308     14,372     27,953     31,579     84,208
    U.S. Treasury securities (1)             474,746     19,913    168,912     20,728     18,002     43,049     47,236     41,901     16,406      8,963     17,432     19,693     52,512
      Bills (2)                               18,423        773      6,555        804        699      1,671      1,833      1,626        637        348        676        764      2,038
      Notes and bonds (3)                    456,324     19,140    162,357     19,924     17,304     41,379     45,403     40,275     15,769      8,615     16,755     18,929     50,474
    Federal agency debt securities (2)        50,393      2,114     17,930      2,200      1,911      4,570      5,014      4,448      1,741        951      1,850      2,090      5,574
    Mortgage-backed securities (4)           236,156      9,905     84,023     10,311      8,955     21,414     23,497     20,843      8,161      4,458      8,671      9,796     26,121
  Repurchase agreements (5)                        0          0          0          0          0          0          0          0          0          0          0          0          0
  Term auction credit                        468,589     20,010    231,676     43,288     11,911     83,833     12,753      6,469      4,638      5,749      2,416      6,025     39,823     
  Other loans                                136,227      7,131    123,929         50         16        565        216      1,774        131        325         22        430      1,640
Net portfolio holdings of Commercial
  Paper Funding Facility LLC (6)             241,311          0    241,311          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)                                     26,288          0     26,288          0          0          0          0          0          0          0          0          0          0
Net portfolio holdings of Maiden
  Lane II LLC (9)                             18,449          0     18,449          0          0          0          0          0          0          0          0          0          0
Net portfolio holdings of Maiden
  Lane III LLC (10)                           27,645          0     27,645          0          0          0          0          0          0          0          0          0          0
Items in process of collection                   760         35          0        125         83         46       -152         94         23         56        287         70         93
Bank premises                                  2,187        122        210         65        146        233        224        207        134        112        272        250        212
Central bank liquidity swaps (11)            327,778     13,362     82,961     36,640     24,565     94,647     25,508     11,134      3,319      5,134      3,291      4,289     22,930
Other assets (12)                             47,919      1,948     15,110      3,785      2,654      9,050      4,143      2,792      1,040        823      1,093      1,289      4,193
Interdistrict settlement account                   0  +   2,283  +   2,555  -  56,821  +   5,226  -  43,961  +  21,013  +  14,424  -   2,241  -   3,818  +  17,638  +  16,147  +  27,555

      Total assets                         2,073,518     77,427  1,045,888     61,063     74,145    214,733    141,052    105,429     33,809     23,044     53,512     60,990    182,426

Note: Components may not sum to totals because of rounding.  Footnotes appear at the end of the table.


9. Statement of Condition of Each Federal Reserve Bank,     March 25, 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           1,043,613     37,294    367,362     40,469     45,638     79,293    133,530     87,427     29,519     20,037     29,201     62,786    111,058
  Less: Notes held by F.R. Banks              180,519      5,446     55,636      4,886      7,459     12,045     29,015     13,378      3,741      2,861      3,361     17,120     25,571
    Federal Reserve notes, net                863,094     31,848    311,726     35,583     38,179     67,248    104,515     74,049     25,777     17,176     25,840     45,666     85,486
Reverse repurchase agreements (13)             66,427      2,786     23,634      2,900      2,519      6,023      6,609      5,863      2,295      1,254      2,439      2,755      7,348
Deposits                                    1,085,260     40,677    690,497     17,051     29,579    128,406     25,857     23,253      5,077      3,303     24,517     11,571     85,472
  Depository institutions                     822,412     40,666    427,765     17,047     29,575    128,330     25,851     23,249      5,071      3,302     24,516     11,571     85,468
  U.S. Treasury, general account               56,198          0     56,198          0          0          0          0          0          0          0          0          0          0
  U.S. Treasury, supplementary
    financing account                         199,935          0    199,935          0          0          0          0          0          0          0          0          0          0
  Foreign official                              1,587          2      1,558          4          3         11          3          1          0          1          0          1          3
  Other                                         5,128         10      5,040          0          1         64          2          2          5          0          1          0          2
Deferred availability cash items                3,152         84          0        494        438        203        290        342         40        330        131        215        585
Other liabilities and accrued                 
  dividends (14)                                9,402        174      6,676        205        197        511        389        315        161        115        131        181        348
   
      Total liabilities                     2,027,336     75,570  1,032,533     56,234     70,912    202,391    137,660    103,822     33,351     22,177     53,059     60,388    179,239
                              
Capital                    
Capital paid in                                22,556        908      6,361      2,381      1,587      6,161      1,645        769        216        485        213        285      1,544
Surplus                                        21,148        844      5,679      2,315      1,552      5,981      1,612        704        210        324        208        271      1,449
Other capital                                   2,478        105      1,315        133         94        200        135        135         32         57         32         45        194

      Total liabilities and capital         2,073,518     77,427  1,045,888     61,063     74,145    214,733    141,052    105,429     33,809     23,044     53,512     60,990    182,426
                              
Note: Components may not sum to totals because of rounding.  Footnotes appear at the end of the table.


9. Statement of Condition of Each Federal Reserve Bank,     March 25, 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 6 and the note on consolidation below.
7. Refer to table 7 and the note on consolidation below.
8. Refer to table 3 and the note on consolidation below.
9. Refer to table 4 and the note on consolidation below.
10. Refer to table 5 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 3 through 
    table 7 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 8), 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 8).


10. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts
Millions of dollars

Federal Reserve notes and collateral                                                              Wednesday
                                                                                                Mar 25, 2009
              
Federal Reserve notes outstanding                                                                1,043,613
  Less: Notes held by F.R. Banks not subject to collateralization                                  180,519
    Federal Reserve notes to be collateralized                                                     863,094 
Collateral held against Federal Reserve notes                                                      863,094
  Gold certificate account                                                                          11,037
  Special drawing rights certificate account                                                         2,200
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                         700,375
  Other assets pledged                                                                             149,483

Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                             761,295
  Less: Face value of securities under reverse repurchase agreements                                60,921
    U.S. Treasury, agency debt, and mortgage-backed securities
    eligible to be pledged                                                                         700,375
   
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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