---

`FEDERAL RESERVE statistical release

H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
                                                                                             March 12, 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 11, 2009  Mar 4, 2009 Mar 12, 2008 Mar 11, 2009

Reserve Bank credit                                       1,877,666   -   13,771   +1,008,588    1,882,214
  Securities held outright                                  584,064   +    2,343   -  125,069      588,051       
    U.S. Treasury securities (1)                            474,646   +       39   -  234,487      474,661
      Bills (2)                                              18,423            0   -  177,651       18,423
      Notes and bonds, nominal (2)                          412,914            0   -   57,096      412,914
      Notes and bonds, inflation-indexed (2)                 39,378            0   +      941       39,378
      Inflation compensation (3)                              3,932   +       39   -      680        3,947
    Federal agency debt securities (2)                       40,483   +    2,231   +   40,483       44,432
    Mortgage-backed securities (4)                           68,935   +       73   +   68,935       68,958
  Repurchase agreements (5)                                       0            0   -   58,714            0
  Term auction credit                                       493,145            0   +  433,145      493,145  
  Other loans                                               133,118   -    7,827   +  133,015      134,669
    Primary credit                                           63,487   -    2,474   +   63,388       65,482
    Secondary credit                                              0            0            0            0
    Seasonal credit                                               2            0   -        1            2
    Primary dealer and other broker-dealer credit (6)        19,733   -    4,066   +   19,733       19,575
    Asset-backed Commercial Paper Money Market
      Mutual Fund Liquidity Facility                          7,552   -    1,979   +    7,552        6,834
    Credit extended to American International
      Group, Inc. (7)                                        42,344   +      692   +   42,344       42,775
    Other credit extensions                                       0            0            0            0
  Net portfolio holdings of Commercial Paper 
    Funding Facility LLC (8)                                240,658   -    1,394   +  240,658      240,858
  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)             26,118   +      129   +   26,118       26,178
  Net portfolio holdings of Maiden Lane II LLC (11)          18,426   -      229   +   18,426       18,427
  Net portfolio holdings of Maiden Lane III LLC (12)         27,463   -      239   +   27,463       27,597
  Float                                                      -2,470   -      176   -    1,309       -3,116
  Central bank liquidity swaps (13)                         313,869   -    6,520   +  313,869      312,461
  Other Federal Reserve assets (14)                          43,275   +      142   +      985       43,944
Gold stock                                                   11,041            0            0       11,041
Special drawing rights certificate account                    2,200            0            0        2,200
Treasury currency outstanding (15)                           38,814   +       14   +      135       38,814
       
Total factors supplying reserve funds                     1,929,721   -   13,757   +1,008,723    1,934,269

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 11, 2009  Mar 4, 2009 Mar 12, 2008 Mar 11, 2009

Currency in circulation (15)                                897,312   +    2,198   +   80,458      898,943
Reverse repurchase agreements (16)                           67,725   -    4,900   +   27,704       66,385
  Foreign official and international accounts                67,725   -    4,900   +   27,704       66,385
  Dealers                                                         0            0            0            0
Treasury cash holdings                                          296   +       12   +       35          305
Deposits with F.R. Banks, other than reserve balances       283,302   +    6,983   +  271,074      287,560       
  U.S. Treasury, general account                             48,896   -    3,517   +   43,820       34,431
  U.S. Treasury, supplementary financing account            199,945   -        5   +  199,945      199,945
  Foreign official                                            1,541   -        6   +    1,443        1,793
  Service-related                                             4,465   -        1   -    2,284        4,465
    Required clearing balances                                4,465   -        1   -    2,284        4,465
    Adjustments to compensate for float                           0            0            0            0
  Other                                                      28,455   +   10,513   +   28,149       46,926
Other liabilities and capital (17)                           52,344   +    1,012   +    7,901       53,032

Total factors, other than reserve balances,                                        
   absorbing reserve funds                                1,300,979   +    5,306   +  387,172    1,306,225

Reserve balances with Federal Reserve Banks                 628,743   -   19,062   +  621,552      628,044
                                                                
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 11, 2009  Mar 4, 2009 Mar 12, 2008 Mar 11, 2009

Marketable securities held in custody for foreign
      official and international accounts (1)             2,591,355   -    5,085   +  440,139    2,583,990
  U.S. Treasury securities                                1,780,495   +    1,239   +  502,798    1,771,980
  Federal agency securities (2)                             810,860   -    6,324   -   62,659      812,010
Securities lent to dealers                                  112,333   -    5,520   +  100,694      112,680   
  Overnight facility (3)                                      4,034   -    1,649   -    7,605        4,560
  Term facility (4,5)                                       108,299   -    3,871   +  108,299      108,120

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 11, 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 11, 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                  245,282     247,864         ---          ---           ---        ---     493,145
Other loans (1)                       75,728      16,111           55      42,775           ---        ---     134,669
U.S. Treasury securities (2) 
  Holdings                            17,125      27,819       60,733     168,936       100,598     99,449     474,661
  Weekly changes                  +    3,867  -    3,867   +        1  +       14    +       10 +       17  +       42
Federal agency debt securities (3) 
  Holdings                             1,199           0        2,567      31,451         9,049        166      44,432
  Weekly changes                  +      222  -      571            0  +    4,761    +    1,616 +      166  +    6,194
Mortgage-backed securities (4)    
  Holdings                                 0           0            0           0             0     68,958      68,958
  Weekly changes                           0           0            0           0             0 +       56  +       56
Commercial paper held by
  Commercial Paper Funding 
  Facility LLC (5)                    18,529     221,160            0         ---           ---        ---     239,689
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)     158,359     154,102            0           0             0          0     312,461

Reverse repurchase agreements (7)     66,385           0          ---         ---           ---        ---      66,385
  
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 11, 2009
         
Net portfolio holdings of Maiden Lane LLC (1)                                                       26,178

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)                                   295
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3)        1,199
 
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 11, 2009

Net portfolio holdings of Maiden Lane II LLC (1)                                                     18,427

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)                                     80
Deferred payment and accrued interest payable to subsidiaries of American International 
  Group, Inc. (3)                                                                                     1,009

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 11, 2009

Net portfolio holdings of Maiden Lane III LLC (1)                                                    27,597

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)                                    113
Outstanding principal amount and accrued interest on loan payable to American International
  Group, Inc. (3)                                                                                     5,056

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 11, 2009

Commercial paper holdings, net (1)                                                                  238,390
Other investments, net                                                                                2,468
Net portfolio holdings of Commercial Paper Funding Facility LLC                                     240,858

Memorandum: Commercial paper holdings, face value                                                   239,689

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)           238,380
Accrued interest payable to the Federal Reserve Bank of New York (2)                                     75

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 11, 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 11, 2009      Mar 4, 2009     Mar 12, 2008

Assets
Gold certificate account                                           11,037                0                0
Special drawing rights certificate account                          2,200                0                0
Coin                                                                1,835       -       13       +      511
Securities, repurchase agreements, term auction
      credit, and other loans                                   1,215,865       +      618       +  375,401
  Securities held outright                                        588,051       +    6,292       -  115,385
    U.S. Treasury securities (1)                                  474,661       +       42       -  228,775       
      Bills (2)                                                    18,423                0       -  171,937
      Notes and bonds, nominal (2)                                412,914                0       -   57,096
      Notes and bonds, inflation-indexed (2)                       39,378                0       +      941
      Inflation compensation (3)                                    3,947       +       42       -      682
    Federal agency debt securities (2)                             44,432       +    6,194       +   44,432
    Mortgage-backed securities (4)                                 68,958       +       56       +   68,958
  Repurchase agreements (5)                                             0                0       -   77,000    
  Term auction credit                                             493,145                0       +  433,145
  Other loans                                                     134,669       -    5,674       +  134,641
Net portfolio holdings of Commercial Paper 
  Funding Facility LLC (6)                                        240,858       -      438       +  240,858
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)                      26,178       +       71       +   26,178
Net portfolio holdings of Maiden Lane II LLC (9)                   18,427       -      281       +   18,427
Net portfolio holdings of 
  Maiden Lane III LLC (10)                                         27,597       -      148       +   27,597
Items in process of collection                         (455)          604       -      101       -      750
Bank premises                                                       2,186       +        4       +       48
Central bank liquidity swaps (11)                                 312,461       -    2,750       +  312,461
Other assets (12)                                                  41,738       +    1,226       +    1,297
     
      Total assets                                     (455)    1,900,986       -    1,812       +1,002,030

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 11, 2009      Mar 4, 2009     Mar 12, 2008
                         
Liabilities
Federal Reserve notes, net of F.R. Bank holdings                  862,265       +    1,795       +   81,011
Reverse repurchase agreements (13)                                 66,385       -    4,877       +   26,188
Deposits                                                 (0)      915,584       -      316       +  884,972       
  Depository institutions                                         632,490       +   12,777       +  607,484
  U.S. Treasury, general account                                   34,431       -   33,851       +   29,182
  U.S. Treasury, supplementary financing account                  199,945       -        5       +  199,945
  Foreign official                                                  1,793       +      153       +    1,697
  Other                                                  (0)       46,926       +   20,611       +   46,666
Deferred availability cash items                       (455)        3,720       +       66       +      856
Other liabilities and accrued dividends (14)                        9,124       +      311       +    4,759

      Total liabilities                                (455)    1,857,078       -    3,020       +  997,786
                          
Capital accounts
Capital paid in                                                    22,360       +      166       +    2,886
Surplus                                                            20,947       +      680       +    2,489
Other capital accounts                                                601       +      363       -    1,132

      Total capital                                                43,908       +    1,209       +    4,243

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 11, 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                                           1,835         62         82        155        152        252        221        215         45         61        126        181        283
Securities, repurchase agreements, term
      auction credit, and other loans      1,215,865     53,381    564,559     72,578     33,745    140,393     72,333     60,259     24,936     17,147     24,128     30,953    121,453
  Securities held outright                   588,051     24,665    209,225     25,675     22,299     53,324     58,510     51,901     20,321     11,102     21,592     24,393     65,045
    U.S. Treasury securities (1)             474,661     19,909    168,882     20,724     17,999     43,042     47,228     41,893     16,403      8,961     17,429     19,689     52,503
      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)                    456,239     19,136    162,327     19,920     17,300     41,371     45,395     40,267     15,766      8,613     16,752     18,925     50,465
    Federal agency debt securities (2)        44,432      1,864     15,809      1,940      1,685      4,029      4,421      3,922      1,535        839      1,631      1,843      4,915
    Mortgage-backed securities (4)            68,958      2,892     24,535      3,011      2,615      6,253      6,861      6,086      2,383      1,302      2,532      2,860      7,627
  Repurchase agreements (5)                        0          0          0          0          0          0          0          0          0          0          0          0          0
  Term auction credit                        493,145     21,622    233,360     46,815     11,445     86,488     13,623      6,469      4,564      5,699      2,477      5,675     54,909     
  Other loans                                134,669      7,094    121,974         88          2        582        200      1,889         51        346         59        885      1,499
Net portfolio holdings of Commercial
  Paper Funding Facility LLC (6)             240,858          0    240,858          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)                                     26,178          0     26,178          0          0          0          0          0          0          0          0          0          0
Net portfolio holdings of Maiden
  Lane II LLC (9)                             18,427          0     18,427          0          0          0          0          0          0          0          0          0          0
Net portfolio holdings of Maiden
  Lane III LLC (10)                           27,597          0     27,597          0          0          0          0          0          0          0          0          0          0
Items in process of collection                 1,059         42          0        234        183         36         24        185         26         59         30        111        130
Bank premises                                  2,186        122        210         65        146        232        224        207        134        112        272        249        212
Central bank liquidity swaps (11)            312,461     12,213     88,700     33,489     22,452     86,507     23,314     10,176      3,033      4,692      3,008      3,920     20,958
Other assets (12)                             41,738      1,707     12,955      3,351      2,404      8,333      3,582      2,306        876        714        893      1,063      3,556
Interdistrict settlement account                   0  -  11,560  -  61,057  -  50,816  +  11,446  -  26,445  +  35,835  +  31,096  +   5,086  -     741  +  20,232  +  20,773  +  26,149

      Total assets                         1,901,441     56,507    923,318     59,591     71,055    210,345    136,919    105,569     34,551     22,273     49,104     57,984    174,223

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 11, 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           1,040,918     37,511    363,748     40,773     45,884     79,807    133,998     87,242     29,100     19,946     29,393     62,261    111,255
  Less: Notes held by F.R. Banks              178,653      5,575     53,011      5,118      7,325     12,069     29,508     13,447      3,556      2,865      3,429     16,944     25,806
    Federal Reserve notes, net                862,265     31,937    310,737     35,655     38,560     67,738    104,490     73,795     25,544     17,081     25,964     45,316     85,449
Reverse repurchase agreements (13)             66,385      2,784     23,619      2,898      2,517      6,020      6,605      5,859      2,294      1,253      2,438      2,754      7,343
Deposits                                      915,584     19,681    570,322     15,451     26,103    123,930     21,795     23,675      6,061      2,579     19,928      8,870     77,190
  Depository institutions                     632,490     19,677    287,377     15,446     26,099    123,814     21,792     23,674      6,051      2,578     19,926      8,870     77,186
  U.S. Treasury, general account               34,431          0     34,431          0          0          0          0          0          0          0          0          0          0
  U.S. Treasury, supplementary
    financing account                         199,945          0    199,945          0          0          0          0          0          0          0          0          0          0
  Foreign official                              1,793          2      1,763          4          3         11          3          1          0          1          0          1          3
  Other                                        46,926          2     46,806          0          1        104          0          0         10          0          1          0          2
Deferred availability cash items                4,175        124          0        732        555        291        323        394         45        418        206        287        799
Other liabilities and accrued                 
  dividends (14)                                9,124        160      6,584        190        187        480        346        295        157        110        120        172        322
   
      Total liabilities                     1,857,532     54,685    911,262     54,926     67,922    198,459    133,559    104,019     34,100     21,442     48,655     57,399    171,104
                              
Capital                    
Capital paid in                                22,360        903      6,283      2,363      1,597      6,061      1,644        769        216        485        214        281      1,544
Surplus                                        20,947        844      5,663      2,301      1,537      5,826      1,612        704        210        324        208        271      1,449
Other capital                                     601         74        110          0          0          0        105         78         25         22         27         33        127

      Total liabilities and capital         1,901,441     56,507    923,318     59,591     71,055    210,345    136,919    105,569     34,551     22,273     49,104     57,984    174,223
                              
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 11, 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 11, 2009
              
Federal Reserve notes outstanding                                                                1,040,918
  Less: Notes held by F.R. Banks not subject to collateralization                                  178,653
    Federal Reserve notes to be collateralized                                                     862,265 
Collateral held against Federal Reserve notes                                                      862,265
  Gold certificate account                                                                          11,037
  Special drawing rights certificate account                                                         2,200
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1)                           526,147
  Other assets pledged                                                                             322,881

Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1)                               588,051
  Less: Face value of securities under reverse repurchase agreements                                61,904
    U.S. Treasury, agency debt, and mortgage-backed securities
    eligible to be pledged                                                                         526,147
   
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.`

Statistical releases

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