---

`FEDERAL RESERVE statistical release

H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
                                                                                               May 14, 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                                    May 13, 2009  May 6, 2009 May 14, 2008 May 13, 2009

Reserve Bank credit                                       2,116,487   +   75,111   +1,249,397    2,179,377
  Securities held outright                                1,025,649   +   36,147   +  505,595    1,081,591       
    U.S. Treasury securities (1)                            569,426   +   15,338   +   49,372      577,091
      Bills (2)                                              18,423            0   -   32,044       18,423
      Notes and bonds, nominal (2)                          505,114   +   15,313   +   79,725      512,770
      Notes and bonds, inflation-indexed (2)                 41,253            0   +    2,082       41,253
      Inflation compensation (3)                              4,636   +       25   -      392        4,645
    Federal agency debt securities (2)                       72,109   +    2,530   +   72,109       72,955
    Mortgage-backed securities (4)                          384,115   +   18,280   +  384,115      431,545
  Repurchase agreements (5)                                       0            0   -   95,821            0
  Term auction credit                                       428,835   +   25,262   +  303,835      428,835  
  Other loans                                               123,957   +   19,819   +   92,912      132,049
    Primary credit                                           39,872   -    1,069   +   25,456       41,803
    Secondary credit                                              0   -        6   -        1            0
    Seasonal credit                                               9   +        5   -       28           11
    Primary dealer and other broker-dealer credit (6)           482   -      161   -   16,110            0
    Asset-Backed Commercial Paper Money Market
      Mutual Fund Liquidity Facility                         28,781   +   18,111   +   28,781       28,616
    Credit extended to American International
      Group, Inc. (7)                                        45,702   +      206   +   45,702       45,704
    Term Asset-Backed Securities Loan Facility                9,110   +    2,731   +    9,110       15,915
    Other credit extensions                                       0            0            0            0
  Net portfolio holdings of Commercial Paper 
    Funding Facility LLC (8)                                166,926   +    2,186   +  166,926      163,209
  Net portfolio holdings of LLCs funded through
    the Money Market Investor Funding Facility (9)                0            0            0            0
  Net portfolio holdings of Maiden Lane LLC (10)             25,675   -      709   +   25,675       25,693
  Net portfolio holdings of Maiden Lane II LLC (11)          16,144   -    1,872   +   16,144       16,150
  Net portfolio holdings of Maiden Lane III LLC (12)         20,231   -    6,185   +   20,231       20,305
  Float                                                      -2,120   +      132   -      909       -2,992
  Central bank liquidity swaps (13)                         246,500   -    2,802   +  194,500      246,838
  Other Federal Reserve assets (14)                          64,689   +    3,133   +   20,308       67,699
Gold stock                                                   11,041            0            0       11,041
Special drawing rights certificate account                    2,200            0            0        2,200
Treasury currency outstanding (15)                           42,345   +       14   +    3,582       42,345
       
Total factors supplying reserve funds                     2,172,073   +   75,125   +1,252,979    2,234,964

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                                    May 13, 2009  May 6, 2009 May 14, 2008 May 13, 2009

Currency in circulation (15)                                904,814   +      964   +   89,054      905,709
Reverse repurchase agreements (16)                           68,019   +    1,694   +   28,968       70,894
  Foreign official and international accounts                68,019   +    1,694   +   28,968       70,894
  Dealers                                                         0            0            0            0
Treasury cash holdings                                          290   -       18   +       35          291
Deposits with F.R. Banks, other than reserve balances       292,307   -    1,823   +  280,171      281,308       
  U.S. Treasury, general account                             76,059   -   11,024   +   71,402       57,167
  U.S. Treasury, supplementary financing account            199,933   +        4   +  199,933      199,933
  Foreign official                                            1,942   +      278   +    1,844        2,547
  Service-related                                             4,339   -        4   -    2,705        4,340
    Required clearing balances                                4,339   -        4   -    2,704        4,340
    Adjustments to compensate for float                           0            0   -        1            0
  Other                                                      10,034   +    8,924   +    9,698       17,322
Other liabilities and capital (17)                           48,344   -    6,890   +    4,033       49,373

Total factors, other than reserve balances,                                        
   absorbing reserve funds                                1,313,773   -    6,074   +  402,260    1,307,577

Reserve balances with Federal Reserve Banks                 858,300   +   81,199   +  850,719      927,387
                                                                
Note: Components may not sum to totals because of rounding.

1. Includes securities lent to dealers under the overnight and term securities lending facilities; refer
   to table 1A.  
2. Face value of the securities. 
3. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed
   securities.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae.  Current face value of the securities, which is 
   the remaining principal balance of the underlying mortgages.  
5. Cash value of agreements.
6. Includes credit extended through the Primary Dealer Credit Facility and credit extended to certain
   other broker-dealers.
7. Excludes credit extended to consolidated LLCs.
8. Refer to table 7 and the note on consolidation accompanying table 10.
9. Refer to table 8 and the note on consolidation accompanying table 10.
10. Refer to table 4 and the note on consolidation accompanying table 10.
11. Refer to table 5 and the note on consolidation accompanying table 10.
12. Refer to table 6 and the note on consolidation accompanying table 10.
13. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when 
    the foreign currency is returned to the foreign central bank.  This exchange rate equals the market exchange 
    rate used when the foreign currency was acquired from the foreign central bank.
14. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates.
15. Estimated.
16. Cash value of agreements, which are collateralized by U.S. Treasury securities.
17. Includes the liabilities of Commercial Paper Funding Facility LLC, the LLCs funded through the Money Market 
    Investor Funding Facility, Maiden Lane LLC, Maiden Lane II LLC, and Maiden Lane III LLC to entities other 
    than the Federal Reserve Bank of New York, including liabilities that have recourse only to the portfolio 
    holdings of these LLCs.  Refer to table 4 through table 8 and the note on consolidation accompanying table 10.

Sources: Federal Reserve Banks and the U.S. Department of the Treasury.


1A. Memorandum Items 
Millions of dollars
                                                                   Averages of daily figures
Memorandum item                                           Week ended   Change from week ended     Wednesday
                                                         May 13, 2009  May 6, 2009 May 14, 2008 May 13, 2009

Marketable securities held in custody for foreign
      official and international accounts (1)             2,683,641   +   23,485   +  404,967    2,696,945
  U.S. Treasury securities                                1,867,416   +   18,945   +  518,768    1,879,425
  Federal agency securities (2)                             816,225   +    4,540   -  113,800      817,520
Securities lent to dealers                                   38,021   +      186   -  112,520       39,656   
  Overnight facility (3)                                      5,471   +      186   -    6,981        7,106
  Term facility (4)                                          32,550            0   -  105,539       32,550

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.

    
   


2. Maturity Distribution of Term Auction Credit, Other Loans, and Securities,       May 13, 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                  111,808     317,028         ---          ---           ---        ---     428,835
Other loans (1)                       41,005      29,311          113      61,620           ---        ---     132,049
U.S. Treasury securities (2) 
  Holdings                            25,044      17,240       64,998     229,896       127,416    112,497     577,091
  Weekly changes                  -    3,520  +    3,520   +        2  +   12,962    +        6 +    3,521  +   16,490
Federal agency debt securities (3) 
  Holdings                                 0         196        4,770      49,829        17,625        535      72,955
  Weekly changes                           0           0            0           0    +    1,328 +      153  +    1,481
Mortgage-backed securities (4)    
  Holdings                                 0           0            0           0             0    431,545     431,545
  Weekly changes                           0           0            0           0             0 +   65,725  +   65,725
Commercial paper held by
  Commercial Paper Funding 
  Facility LLC (5)                    24,514     136,088            0         ---           ---        ---     160,602
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)     144,251     102,587            0           0             0          0     246,838

Reverse repurchase agreements (7)     70,894           0          ---         ---           ---        ---      70,894
  
Note: Components may not sum to totals because of rounding.
---   Not applicable.

1. Excludes the loans from the Federal Reserve Bank of New York (FRBNY) to Commercial Paper Funding Facility LLC, the 
   LLCs funded through the Money Market Investor Funding Facility, Maiden Lane LLC, Maiden Lane II LLC, and Maiden 
   Lane III LLC.  The loans were eliminated when preparing the FRBNY's statement of condition consistent with 
   consolidation under generally accepted accounting principles.
2. Face value.  For inflation-indexed securities, includes the original face value and compensation that adjusts for 
   the effect of inflation on the original face value of such securities.
3. Face value.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae.  Current face value of the securities, which is the remaining 
   principal balance of the underlying mortgages.
5. Face value of commercial paper held by Commercial Paper Funding Facility LLC.
6. Face value of money market instruments held by LLCs funded through the Money Market Investor Funding Facility.
7. Cash value of agreements.
8. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign 
   currency is returned to the foreign central bank.  This exchange rate equals the market exchange rate used when the 
   foreign currency was acquired from the foreign central bank.


3. Supplemental Information on Mortgage-Backed Securities Purchase Program
Millions of dollars
                                                                                                  Wednesday
Account name                                                                                    May 13, 2009

Mortgage-backed securities held outright (1)                                                       431,545

Commitments to buy mortgage-backed securities (2)                                                  129,753
Commitments to sell mortgage-backed securities (2)                                                 110,730

Cash and cash equivalents (3)                                                                          500

1. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae.  Current face value of the securities, which is the
   remaining principal balance of the underlying mortgages.
2. Current face value.  Generally settle within 180 days and include commitments associated with outright
   transactions as well as dollar rolls.
3. This amount is included in other Federal Reserve assets in table 1 and in other assets in table 9 and table 10.


4. Information on Principal Accounts of Maiden Lane LLC
Millions of dollars
                                                                                                  Wednesday
Account name                                                                                    May 13, 2009
         
Net portfolio holdings of Maiden Lane LLC (1)                                                       25,693

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)                                   320
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3)        1,209
 
1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if
   the transaction were to be conducted in an orderly market on the measurement date.  Revalued quarterly. 
   This table reflects valuations as of     March 31, 2009.  Any assets purchased after this valuation date 
   are initially recorded at cost until their estimated fair value as of the purchase date becomes available.
2. Book value.  This amount was eliminated when preparing the Federal Reserve Bank of New York's statement
   of condition consistent with consolidation under generally accepted accounting principles.  Refer to
   the note on consolidation accompanying table 10.
3. Book value.  The fair value of these obligations is included in other liabilities and capital in table 1 
   and in other liabilities and accrued dividends in table 9 and table 10.

Note:  On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended credit to Maiden Lane LLC 
under the authority of section 13(3) of the Federal Reserve Act.  This limited liability company was formed 
to acquire certain assets of Bear Stearns and to manage those assets through time to maximize repayment of 
the credit extended and to minimize disruption to financial markets.  Payments by Maiden Lane LLC from the 
proceeds of the net portfolio holdings will be made in the following order: operating expenses of the LLC, 
principal due to the FRBNY, interest due to the FRBNY, principal due to JPMorgan Chase & Co., and interest 
due to JPMorgan Chase & Co.  Any remaining funds will be paid to the FRBNY.



5. Information on Principal Accounts of Maiden Lane II LLC
Millions of dollars
                                                                                                   Wednesday
Account name                                                                                     May 13, 2009

Net portfolio holdings of Maiden Lane II LLC (1)                                                     16,150

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)            17,877
Accrued interest payable to the Federal Reserve Bank of New York (2)                                    128
Deferred payment and accrued interest payable to subsidiaries of American International 
  Group, Inc. (3)                                                                                     1,015

1. Fair value.  Fair value reflects an estimate of the price that would be received upon selling an asset if 
   the transaction were to be conducted in an orderly market on the measurement date.  Revalued quarterly.  
   This table reflects valuations as of     March 31, 2009.  Any assets purchased after this valuation date 
   are initially recorded at cost until their estimated fair value as of the purchase date becomes available.
2. Book value.  This amount was eliminated when preparing the Federal Reserve Bank of New York's statement 
   of condition consistent with consolidation under generally accepted accounting principles.  Refer to the 
   note on consolidation accompanying table 10.
3. Book value.  The deferred payment represents the portion of the proceeds of the net portfolio holdings due 
   to subsidiaries of American International Group, Inc. in accordance with the asset purchase agreement.  
   The fair value of this payment and accrued interest payable are included in other liabilities and capital 
   in table 1 and in other liabilities and accrued dividends in table 9 and table 10.

Note:  On December 12, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden 
Lane II LLC under the authority of section 13(3) of the Federal Reserve Act.  This limited liability company 
was formed to purchase residential mortgage-backed securities from the U.S. securities lending reinvestment 
portfolio of subsidiaries of American International Group, Inc. (AIG subsidiaries).  Payments by Maiden 
Lane II LLC from the proceeds of the net portfolio holdings will be made in the following order:  operating 
expenses of Maiden Lane II LLC, principal due to the FRBNY, interest due to the FRBNY, and deferred payment 
and interest due to AIG subsidiaries.  Any remaining funds will be shared by the FRBNY and AIG subsidiaries.


6. Information on Principal Accounts of Maiden Lane III LLC
Millions of dollars
                                                                                                   Wednesday
Account name                                                                                     May 13, 2009

Net portfolio holdings of Maiden Lane III LLC (1)                                                    20,305

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)            22,992
Accrued interest payable to the Federal Reserve Bank of New York (2)                                    174
Outstanding principal amount and accrued interest on loan payable to American International
  Group, Inc. (3)                                                                                     5,086

1. Fair value.  Fair value reflects an estimate of the price that would be received upon selling an asset if 
   the transaction were to be conducted in an orderly market on the measurement date.  Revalued quarterly.  
   This table reflects valuations as of     March 31, 2009.  Any assets purchased after this valuation date 
   are initially recorded at cost until their estimated fair value as of the purchase date becomes available.
2. Book value.  This amount was eliminated when preparing the Federal Reserve Bank of New York's statement 
   of condition consistent with consolidation under generally accepted accounting principles.  Refer to the 
   note on consolidation accompanying table 10.
3. Book value.  The fair value of these obligations is included in other liabilities and capital in table 1 
   and in other liabilities and accrued dividends in table 9 and table 10.

Note: On November 25, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden Lane 
III LLC under the authority of section 13(3) of the Federal Reserve Act.  This limited liability company was 
formed to purchase multi-sector collateralized debt obligations (CDOs) on which the Financial Products group 
of American International Group, Inc. (AIG) has written credit default swap (CDS) contracts.  In connection 
with the purchase of CDOs, the CDS counterparties will concurrently unwind the related CDS transactions.  
Payments by Maiden Lane III LLC from the proceeds of the net portfolio holdings will be made in the following 
order: operating expenses of Maiden Lane III LLC, principal due to the FRBNY, interest due to the FRBNY, 
principal due to AIG, and interest due to AIG.  Any remaining funds will be shared by the FRBNY and AIG.


7. Information on Principal Accounts of Commercial Paper Funding Facility LLC
Millions of dollars
                                                                                                   Wednesday
Account name                                                                                     May 13, 2009

Commercial paper holdings, net (1)                                                                  159,666
Other investments, net                                                                                3,542
Net portfolio holdings of Commercial Paper Funding Facility LLC                                     163,209

Memorandum: Commercial paper holdings, face value                                                   160,602

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)           159,612
Accrued interest payable to the Federal Reserve Bank of New York (2)                                     39

1. Book value, which includes amortized cost and related fees.
2. Book value.  This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of 
   condition consistent with consolidation under generally accepted accounting principles.  Refer to the 
   note on consolidation accompanying table 10.

Note: On October 27, 2008, the Federal Reserve Bank of New York began extending loans under the authority of 
section 13(3) of the Federal Reserve Act to Commercial Paper Funding Facility LLC.  This LLC is a limited 
liability company formed to purchase three-month U.S. dollar-denominated commercial paper from eligible issuers 
and thereby foster liquidity in short-term funding markets and increase the availability of credit for 
businesses and households.


8. Information on Principal Accounts of LLCs Funded through the Money Market Investor Funding Facility 
Millions of dollars
                                                                                                   Wednesday
Account name                                                                                     May 13, 2009

Money market instrument holdings, net (1)                                                                 0
Other investments, net                                                                                    0
Net portfolio holdings of LLCs funded through the Money Market Investor Funding Facility                  0

Memorandum: Money market instrument holdings, face value                                                  0

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                 0
Accrued interest payable to the Federal Reserve Bank of New York (2)                                      0
Commercial paper issued by LLCs funded through the Money Market Investor Funding Facility, 
  net of related discounts                                                                                0

1. Book value, which includes amortized cost.
2. Book value.  This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of 
   condition consistent with consolidation under generally accepted accounting principles.  Refer to the note 
   on consolidation accompanying table 10.

Note:  The Federal Reserve Board authorized the Federal Reserve Bank of New York to extend credit under the 
authority of section 13(3) of the Federal Reserve Act to a series of limited liability companies funded through 
the Money Market Investor Funding Facility (MMIFF).  The MMIFF became operational on November 24, 2008.  These 
limited liability companies were established to purchase short-term U.S. dollar-denominated certificates of 
deposit, bank notes, and outstanding asset-backed commercial paper from eligible issuers.  Such purchases are 
designed to foster liquidity in short-term money markets.


9. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of dollars
                                                 Eliminations                          Change since
                                                     from       Wednesday        Wednesday        Wednesday
Assets, liabilities, and capital                consolidation May 13, 2009      May 6, 2009     May 14, 2008

Assets
Gold certificate account                                           11,037                0                0
Special drawing rights certificate account                          2,200                0                0
Coin                                                                1,860       -       41       +      474
Securities, repurchase agreements, term auction
      credit, and other loans                                   1,642,476       +  119,971       +  873,915
  Securities held outright                                      1,081,591       +   83,696       +  565,935
    U.S. Treasury securities (1)                                  577,091       +   16,490       +   61,435       
      Bills (2)                                                    18,423                0       -   31,187
      Notes and bonds, nominal (2)                                512,770       +   16,465       +   90,954
      Notes and bonds, inflation-indexed (2)                       41,253                0       +    2,082
      Inflation compensation (3)                                    4,645       +       25       -      414
    Federal agency debt securities (2)                             72,955       +    1,481       +   72,955
    Mortgage-backed securities (4)                                431,545       +   65,725       +  431,545
  Repurchase agreements (5)                                             0                0       -  100,000    
  Term auction credit                                             428,835       +   25,262       +  303,835
  Other loans                                                     132,049       +   11,012       +  104,144
Net portfolio holdings of Commercial Paper 
  Funding Facility LLC (6)                                        163,209       -    5,271       +  163,209
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)                      25,693       +       21       +   25,693
Net portfolio holdings of Maiden Lane II LLC (9)                   16,150       +        7       +   16,150
Net portfolio holdings of 
  Maiden Lane III LLC (10)                                         20,305       +       86       +   20,305
Items in process of collection                         (532)          360       -      555       -    1,922
Bank premises                                                       2,194                0       +       47
Central bank liquidity swaps (11)                                 246,838       -    2,464       +  194,838
Other assets (12)                                                  65,514       +    4,826       +   23,532
     
      Total assets                                     (532)    2,197,835       +  116,578       +1,316,241

Note: Components may not sum to totals because of rounding.  Footnotes appear at the end of the table.


9. Consolidated Statement of Condition of All Federal Reserve Banks (continued)
Millions of dollars
                                                 Eliminations                          Change since
                                                     from       Wednesday        Wednesday        Wednesday
Assets, liabilities, and capital                consolidation May 13, 2009      May 6, 2009     May 14, 2008
                         
Liabilities
Federal Reserve notes, net of F.R. Bank holdings                  865,511       -      358       +   84,722
Reverse repurchase agreements (13)                                 70,894       +    5,750       +   31,780
Deposits                                                 (0)    1,208,705       +  109,901       +1,193,746       
  Depository institutions                                         931,737       +  106,114       +  921,163
  U.S. Treasury, general account                                   57,167       -   13,516       +   53,147
  U.S. Treasury, supplementary financing account                  199,933       +        4       +  199,933
  Foreign official                                                  2,547       +    1,337       +    2,450
  Other                                                  (0)       17,322       +   15,963       +   17,054
Deferred availability cash items                       (532)        3,351       -      807       +      722
Other liabilities and accrued dividends (14)                        6,281       +      350       +    2,705

      Total liabilities                                (532)    2,154,743       +  114,837       +1,313,677
                          
Capital accounts
Capital paid in                                                    22,938       -       63       +    3,077
Surplus                                                            18,141       +      894       -      338
Other capital accounts                                              2,013       +      910       -      176

      Total capital                                                43,092       +    1,741       +    2,564

Note: Components may not sum to totals because of rounding.

1. Includes securities lent to dealers under the overnight and term securities lending facilities; refer
   to table 1A.
2. Face value of the securities.
3. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed
   securities.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae.  Current face value of the securities, which is 
   the remaining principal balance of the underlying mortgages. 
5. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.
6. Refer to table 7 and the note on consolidation accompanying table 10.
7. Refer to table 8 and the note on consolidation accompanying table 10.
8. Refer to table 4 and the note on consolidation accompanying table 10.
9. Refer to table 5 and the note on consolidation accompanying table 10.
10. Refer to table 6 and the note on consolidation accompanying table 10.
11. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when 
    the foreign currency is returned to the foreign central bank.  This exchange rate equals the market 
    exchange rate used when the foreign currency was acquired from the foreign central bank. 
12. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates. 
13. Cash value of agreements, which are collateralized by U.S. Treasury securities.
14. Includes the liabilities of Commercial Paper Funding Facility LLC, the LLCs funded through the Money Market 
    Investor Funding Facility, Maiden Lane LLC, Maiden Lane II LLC, and Maiden Lane III LLC to entities other 
    than the Federal Reserve Bank of New York, including liabilities that have recourse only to the portfolio 
    holdings of these LLCs.  Refer to table 4 through table 8 and the note on consolidation accompanying table 10. 


10. Statement of Condition of Each Federal Reserve Bank,       May 13, 2009
Millions of dollars
                                                                                                                                                            Kansas                 San
Assets, liabilities, and capital               Total     Boston   New York Philadelphia Cleveland   Richmond   Atlanta    Chicago   St. Louis  Minneapolis   City      Dallas   Francisco

Assets                        
Gold certificate account                      11,037        412      3,895        450        467        882      1,356        911        329        197        335        621      1,182
Special drawing rights certificate acct.       2,200        115        874         83        104        147        166        212         71         30         66         98        234
Coin                                           1,860         70         86        155        153        247        210        228         38         64        132        181        296
Securities, repurchase agreements, term
      auction credit, and other loans      1,642,476     64,195    756,148     41,025     49,725    125,851    147,066    124,828     46,153     18,903     51,149     56,934    160,499
  Securities held outright                 1,081,591     20,748    422,768     16,780     42,732     38,977    130,317    117,040     42,373     17,906     48,822     52,296    130,833
    U.S. Treasury securities (1)             577,091     11,070    225,571      8,953     22,800     20,797     69,532     62,447     22,608      9,554     26,049     27,903     69,807
      Bills (2)                               18,423        353      7,201        286        728        664      2,220      1,994        722        305        832        891      2,228
      Notes and bonds (3)                    558,669     10,717    218,370      8,667     22,072     20,133     67,312     60,454     21,886      9,249     25,218     27,012     67,578
    Federal agency debt securities (2)        72,955      1,400     28,516      1,132      2,882      2,629      8,790      7,895      2,858      1,208      3,293      3,527      8,825
    Mortgage-backed securities (4)           431,545      8,278    168,680      6,695     17,050     15,552     51,995     46,698     16,906      7,144     19,480     20,866     52,201
  Repurchase agreements (5)                        0          0          0          0          0          0          0          0          0          0          0          0          0
  Term auction credit                        428,835     14,642    234,882     24,099      6,988     86,160     16,453      5,964      3,704        748      2,309      4,455     28,433     
  Other loans                                132,049     28,805     98,498        146          6        714        296      1,824         77        249         17        183      1,233
Net portfolio holdings of Commercial
  Paper Funding Facility LLC (6)             163,209          0    163,209          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)                                     25,693          0     25,693          0          0          0          0          0          0          0          0          0          0
Net portfolio holdings of Maiden
  Lane II LLC (9)                             16,150          0     16,150          0          0          0          0          0          0          0          0          0          0
Net portfolio holdings of Maiden
  Lane III LLC (10)                           20,305          0     20,305          0          0          0          0          0          0          0          0          0          0
Items in process of collection                   892         28          0        244         91         88         15          1        170         56         21         82         96
Bank premises                                  2,194        122        215         66        146        235        222        207        135        112        271        249        213
Central bank liquidity swaps (11)            246,838     10,286     58,382     28,205     18,910     72,858     19,635      8,570      2,555      3,952      2,533      3,301     17,651
Other assets (12)                             65,514      1,798     22,593      3,351      3,410      8,574      6,769      5,152      1,852      1,071      2,076      2,295      6,571
Interdistrict settlement account                   0  +  16,062  -   1,287  -  11,645  +   3,260  +  47,188  -  23,928  -  35,373  -  14,899  -   2,186  -   3,535  -   2,860  +  29,203

      Total assets                         2,198,367     93,089  1,066,264     61,934     76,266    256,070    151,511    104,738     36,404     22,198     53,048     60,901    215,945

Note: Components may not sum to totals because of rounding.  Footnotes appear at the end of the table.


10. Statement of Condition of Each Federal Reserve Bank,       May 13, 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           1,050,976     36,803    373,727     40,317     45,231     79,247    133,625     87,651     31,325     20,115     29,054     63,085    110,797
  Less: Notes held by F.R. Banks              185,464      4,722     59,261      5,129      7,780     12,294     28,923     12,895      4,036      3,051      3,493     19,055     24,826
    Federal Reserve notes, net                865,511     32,081    314,466     35,189     37,451     66,953    104,701     74,756     27,290     17,064     25,561     44,029     85,971
Reverse repurchase agreements (13)             70,894      1,360     27,711      1,100      2,801      2,555      8,542      7,672      2,777      1,174      3,200      3,428      8,576
Deposits                                    1,208,705     57,530    711,433     19,885     32,120    172,907     34,155     19,842      5,437      2,578     23,483     12,369    116,967
  Depository institutions                     931,737     57,520    434,612     19,880     32,116    172,793     34,151     19,840      5,432      2,577     23,481     12,369    116,964
  U.S. Treasury, general account               57,167          0     57,167          0          0          0          0          0          0          0          0          0          0
  U.S. Treasury, supplementary
    financing account                         199,933          0    199,933          0          0          0          0          0          0          0          0          0          0
  Foreign official                              2,547          2      2,518          4          3         11          3          1          0          1          0          1          3
  Other                                        17,322          8     17,203          0          1        103          0          0          5          0          1          0          0
Deferred availability cash items                3,883        110          0        723        418        150        315        406        202        322        198        271        767
Other liabilities and accrued                 
  dividends (14)                                6,281        136      3,611        175        203        477        394        333        167        113        134        187        352
   
      Total liabilities                     2,155,275     91,216  1,057,221     57,072     72,993    243,042    148,106    103,008     35,873     21,250     52,575     60,285    212,633
                              
Capital                    
Capital paid in                                22,938        912      6,371      2,410      1,591      6,531      1,562        793        240        486        206        273      1,565
Surplus                                        18,141        844      2,672      2,316      1,552      5,981      1,612        704        210        324        208        271      1,449
Other capital                                   2,013        117          0        137        130        516        231        233         81        138         59         72        298

      Total liabilities and capital         2,198,367     93,089  1,066,264     61,934     76,266    256,070    151,511    104,738     36,404     22,198     53,048     60,901    215,945
                              
Note: Components may not sum to totals because of rounding.  Footnotes appear at the end of the table.


10. Statement of Condition of Each Federal Reserve Bank,       May 13, 2009 (continued)

1. Includes securities lent to dealers under the overnight and term securities lending facilities; refer to table 1A.
2. Face value of the securities.
3. Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face value of such securities.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae.  Current face value of the securities, which is the remaining principal balance of the underlying mortgages. 
5. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.
6. Refer to table 7 and the note on consolidation below.
7. Refer to table 8 and the note on consolidation below.
8. Refer to table 4 and the note on consolidation below.
9. Refer to table 5 and the note on consolidation below.
10. Refer to table 6 and the note on consolidation below.
11. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank.  This 
    exchange rate equals the market exchange rate used when the foreign currency was acquired from the foreign central bank.
12. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates.
13. Cash value of agreements, which are collateralized by U.S. Treasury securities.
14. Includes the liabilities of Commercial Paper Funding Facility LLC, the LLCs funded through the Money Market Investor Funding Facility, Maiden Lane LLC, Maiden Lane II LLC, and  Maiden 
    Lane III LLC to entities other than the Federal Reserve Bank of New York, including liabilities that have recourse only to the portfolio holdings of these LLCs.  Refer to table 4 through 
    table 8 and the note on consolidation below.

Note on consolidation:

The Federal Reserve Bank of New York (FRBNY) has extended loans to several limited liability companies under the authority of section 13(3) of the Federal Reserve Act. On June 26, 2008, 
a loan was extended to Maiden Lane LLC, which was formed to acquire certain assets of Bear Stearns.  On October 27, 2008, the FRBNY began extending loans to Commercial Paper Funding 
Facility LLC, which was formed to purchase three-month U.S. dollar-denominated commercial paper from eligible issuers. On October 21, 2008, the Federal Reserve Board authorized the FRBNY 
to extend credit to a series of LLCs funded through the Money Market Investor Funding Facility.  These LLCs, which became operational on November 24, 2008, were established to purchase 
short-term U.S. dollar-denominated certificates of deposit, bank notes, and commercial paper from eligible issuers.  On November 25, 2008, a loan was extended to Maiden Lane III LLC, 
which was formed to purchase multi-sector collateralized debt obligations on which the Financial Products group of the American International Group, Inc. has written credit default swap 
contracts.  On December 12, 2008, a loan was extended to Maiden Lane II LLC, which was formed to purchase residential mortgage-backed securities from the U.S. securities lending 
reinvestment portfolio of subsidiaries of American International Group, Inc.

The FRBNY is the sole beneficiary of Commercial Paper Funding Facility LLC and the primary beneficiary of the other LLCs cited above. Consistent with generally accepted accounting principles, 
the assets and liabilities of these LLCs have been consolidated with the assets and liabilities of the FRBNY in the preparation of the statements of condition shown on this release.  As a 
consequence of the consolidation, the extensions of credit from the FRBNY to the LLCs are eliminated, the net assets of the LLCs appear as assets on the previous page (and in table 1 and 
table 9), and the liabilities of the LLCs to entities other than the FRBNY, including those with recourse only to the portfolio holdings of the LLCs, are included in other liabilities in 
this table (and table 1 and table 9).


11. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts
Millions of dollars

Federal Reserve notes and collateral                                                              Wednesday
                                                                                                May 13, 2009
              
Federal Reserve notes outstanding                                                                1,050,976
  Less: Notes held by F.R. Banks not subject to collateralization                                  185,464
    Federal Reserve notes to be collateralized                                                     865,511 
Collateral held against Federal Reserve notes                                                      865,511
  Gold certificate account                                                                          11,037
  Special drawing rights certificate account                                                         2,200
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                         852,275
  Other assets pledged                                                                                   0

Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                           1,081,591
  Less: Face value of securities under reverse repurchase agreements                                66,652
    U.S. Treasury, agency debt, and mortgage-backed securities
    eligible to be pledged                                                                       1,014,939
   
Note: Components may not sum to totals because of rounding.

1. Includes face value of U.S. Treasury, agency debt, and mortgage-backed securities held outright, 
   compensation to adjust for the effect of inflation on the original face value of inflation-indexed 
   securities, and cash value of repurchase agreements.
2. Includes securities lent to dealers under the overnight and term securities lending facilities; refer
   to table 1A.`

Statistical releases

---

Home Economic research and data  Accessibility Contact Us  Last update: May 14, 2009