Federal Reserve Statistical Release

FEDERAL RESERVE statistical release H.4.1

Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks

November 5, 2009

1. Factors Affecting Reserve Balances of Depository Institutions Millions of dollars Reserve Bank credit, related items, and reserve balances of depository institutions at Federal Reserve Banks

Week ended Nov 4, 2009

Reserve Bank credit Securities held outright1 U.S. Treasury securities Bills2 Notes and bonds, nominal2 Notes and bonds, inflation-indexed2 Inflation compensation3 Federal agency debt securities2 Mortgage-backed securities4 Repurchase agreements5 Term auction credit Other loans Primary credit Secondary credit Seasonal credit Primary dealer and other broker-dealer credit6 Asset-Backed Commercial Paper Money Market Mutual Fund Liquidity Facility Credit extended to American International Group, Inc., net7 Term Asset-Backed Securities Loan Facility Other credit extensions Net portfolio holdings of Commercial Paper Funding Facility LLC8 Net portfolio holdings of Maiden Lane LLC9 Net portfolio holdings of Maiden Lane II LLC10 Net portfolio holdings of Maiden Lane III LLC11 Float Central bank liquidity swaps12 Other Federal Reserve assets13 Gold stock Special drawing rights certificate account Treasury currency outstanding14

2,148,913 1,697,644 776,232 18,423 707,372 44,643 5,794 146,959 774,454 0 139,245 110,608 22,610 197 60 0

Total factors supplying reserve funds

Averages of daily figures Change from week ended Oct 28, 2009 Nov 5, 2008 + + + + + -

+ + -

0

5,443 5,467 1,680 0 1,659 0 20 5,358 1,571 0 0 2,978 32 178 14 0

+ 93,083 +1,207,617 + 299,770 0 + 296,843 + 3,610 683 + 133,394 + 774,454 80,000 - 162,118 - 248,401 87,384 + 197 + 50 77,020

Wednesday Nov 4, 2009 2,146,911 1,697,865 776,512 18,423 707,649 44,643 5,798 146,959 774,394 0 139,245 109,966 22,484 0 60 0

0

-

91,729

0

44,608 43,132 0

+ +

1,822 1,314 0

+

35,649 43,132 0

44,539 42,883 0

15,647 26,289 16,008 23,180 -1,861 31,884 90,268 11,041 5,200 42,619

+ + + -

+ + +

+

16,609 92 1,313 2,524 615 1,431 208 0 0 14

+ +

210,361 561 16,008 23,180 536 499,171 47,425 0 3,000 3,945

14,480 26,321 16,009 23,233 -2,537 31,884 90,445 11,041 5,200 42,663

2,207,773

-

5,429

+

100,028

2,205,815

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.

H.4.1

1. Factors Affecting Reserve Balances of Depository Institutions (continued) Millions of dollars Reserve Bank credit, related items, and reserve balances of depository institutions at Federal Reserve Banks

Week ended Nov 4, 2009

Currency in circulation14 Reverse repurchase agreements15 Foreign official and international accounts Dealers Treasury cash holdings Deposits with F.R. Banks, other than reserve balances U.S. Treasury, general account U.S. Treasury, supplementary financing account Foreign official Service-related Required clearing balances Adjustments to compensate for float Other Other liabilities and capital16

Averages of daily figures Change from week ended Oct 28, 2009 Nov 5, 2008

915,087 64,844 64,844 0 256 78,222 49,511 14,999 2,421 3,236 3,236 0 8,054 64,695

+ -

+ + + -

+ +

1,331 893 893 0 28 8,274 6,270 14,993 124 1 1 0 324 3,158

Total factors, other than reserve balances, absorbing reserve funds

1,123,103

-

Reserve balances with Federal Reserve Banks

1,084,669

-

+ + -

Wednesday Nov 4, 2009

+

54,391 30,427 5,427 25,000 15 534,946 17,711 543,852 2,213 2,763 2,763 0 8,257 19,973

917,825 60,735 60,735 0 245 101,978 81,576 14,999 1,436 3,236 3,236 0 732 63,140

4,707

-

491,025

1,143,923

723

+

591,052

1,061,892

Note: Components may not sum to totals because of rounding. 1. 2. 3. 4.

Includes securities lent to dealers under the overnight and term securities lending facilities; refer to table 1A. Face value of the securities. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed securities. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the underlying mortgages. 5. Cash value of agreements. 6. Includes credit extended through the Primary Dealer Credit Facility and credit extended to certain other broker-dealers. 7. Includes outstanding principal and capitalized interest net of unamortized deferred commitment fees and allowance for loan restructuring. Excludes credit extended to consolidated LLCs. 8. Refer to table 7 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. Refer to table 6 and the note on consolidation accompanying table 9. 12. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the foreign central bank. 13. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates. 14. Estimated. 15. Cash value of agreements, which are collateralized by U.S. Treasury securities. 16. Includes the liabilities of Commercial Paper Funding Facility LLC, 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 7 and the note on consolidation accompanying table 9. Sources: Federal Reserve Banks and the U.S. Department of the Treasury.

H.4.1

1A. Memorandum Items Millions of dollars Memorandum item

Week ended Nov 4, 2009

Marketable securities held in custody for foreign official and international accounts1 U.S. Treasury securities Federal agency securities2 Securities lent to dealers Overnight facility3 U.S. Treasury securities Federal agency debt securities Term facility4

Averages of daily figures Change from week ended Oct 28, 2009 Nov 5, 2008

2,909,832 2,148,939 760,892 6,433 6,433 5,353 1,080 0

+ + + + +

11,247 13,029 1,783 125 125 296 421 0

+ + + -

Wednesday Nov 4, 2009

415,565 561,177 145,612 214,215 14,216 15,296 1,080 199,999

2,916,844 2,155,575 761,269 6,691 6,691 5,214 1,477 0

Note: Components may not sum to totals because of rounding. 1. 2. 3. 4.

Face value of the securities. Includes U.S. Treasury STRIPS, other zero-coupon bonds, and mortgage-backed securities at face value. Includes debt and mortgage-backed securities. Fully collateralized by U.S. Treasury securities. U.S. Treasury securities only. Fully collateralized by U.S. Treasury securities, federal agency securities, and other highly rated debt securities.

2. Maturity Distribution of Term Auction Credit, Other Loans, and Securities, November 4, 2009 Millions of dollars Remaining maturity Term auction credit Other loans1 U.S. Treasury securities2 Holdings Weekly changes Federal agency debt securities3 Holdings Weekly changes Mortgage-backed securities4 Holdings Weekly changes Commercial paper held by Commercial Paper Funding Facility LLC5 Repurchase agreements6 Central bank liquidity swaps7

Within 15 days

+

91 days to 1 year

16 days to 90 days

82,507 21,907

56,738 636

24,712 9,368 -

16,402 10,304 +

Over 5 years to 10 years

Over 1 year to 5 years

... 0

Over 10 years

... 0

... 87,422

211,085 767

55,607 108

+

326,043 2,006

+

91,728 5,358

30,744 0

+

All

... ...

+

139,245 109,966

142,663 6

+

776,512 1,951

2,036 0

+

146,959 5,358

774,394 328

+

774,394 328

0 0

98 0

22,353 0

0 0

0 0

0 0

0 0

0 0

443 0 26,102

9,536 0 5,782

0 ... 0

... ... 0

... ... 0

... ... 0

9,979 0 31,884

...

...

...

...

60,735

Reverse repurchase agreements6 60,735 Note: Components may not sum to totals because of rounding. . . . Not applicable.

0

+

1. Excludes the loans from the Federal Reserve Bank of New York (FRBNY) to Commercial Paper Funding Facility LLC, Maiden Lane LLC, Maiden Lane II LLC, 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. Cash value of agreements. 7. 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.

H.4.1

3. Supplemental Information on Mortgage-Backed Securities Purchase Program Millions of dollars Account name

Wednesday Nov 4, 2009

Mortgage-backed securities held outright1

774,394

Commitments to buy mortgage-backed securities2 Commitments to sell mortgage-backed securities2

185,370 1,000

Cash and cash equivalents3

137

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 8 and table 9.

4. Information on Principal Accounts of Maiden Lane LLC Millions of dollars Account name

Wednesday Nov 4, 2009

Net portfolio holdings of Maiden Lane LLC1

26,321

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2 Accrued interest payable to the Federal Reserve Bank of New York2 Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co.3

28,820 390 1,239

1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of September 30, 2009. Any assets purchased after this valuation date are initially recorded at cost until their estimated fair value as of the purchase date becomes available. 2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 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.

5. Information on Principal Accounts of Maiden Lane II LLC Millions of dollars Account name Net portfolio holdings of Maiden Lane II LLC1

Wednesday Nov 4, 2009 16,009

16,296 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2 235 Accrued interest payable to the Federal Reserve Bank of New York2 1,031 Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc.3 1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of September 30, 2009. Any assets purchased after this valuation date are initially recorded at cost until their estimated fair value as of the purchase date becomes available. 2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 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.

H.4.1

6. Information on Principal Accounts of Maiden Lane III LLC Millions of dollars Account name

Wednesday Nov 4, 2009

Net portfolio holdings of Maiden Lane III LLC1

23,233

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2 Accrued interest payable to the Federal Reserve Bank of New York2 Outstanding principal amount and accrued interest on loan payable to American International Group, Inc.3

19,036 304 5,167

1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of September 30, 2009. Any assets purchased after this valuation date are initially recorded at cost until their estimated fair value as of the purchase date becomes available. 2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 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.

7. Information on Principal Accounts of Commercial Paper Funding Facility LLC Millions of dollars Account name Commercial paper holdings, net1 Other investments, net Net portfolio holdings of Commercial Paper Funding Facility LLC Memorandum: Commercial paper holdings, face value

Wednesday Nov 4, 2009 9,672 4,808 14,480 9,979

9,910 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2 1 Accrued interest payable to the Federal Reserve Bank of New York2 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. dollardenominated commercial paper from eligible issuers and thereby foster liquidity in short-term funding markets and increase the availability of credit for businesses and households.

H.4.1

8. Consolidated Statement of Condition of All Federal Reserve Banks Millions of dollars Assets, liabilities, and capital Assets Gold certificate account Special drawing rights certificate account Coin Securities, repurchase agreements, term auction credit, and other loans Securities held outright1 U.S. Treasury securities Bills2 Notes and bonds, nominal2 Notes and bonds, inflation-indexed2 Inflation compensation3 Federal agency debt securities2 Mortgage-backed securities4 Repurchase agreements5 Term auction credit Other loans Net portfolio holdings of Commercial Paper Funding Facility LLC6 Net portfolio holdings of Maiden Lane LLC7 Net portfolio holdings of Maiden Lane II LLC8 Net portfolio holdings of Maiden Lane III LLC9 Items in process of collection Bank premises Central bank liquidity swaps10 Other assets11 Total assets

Eliminations from consolidation

Change since Wednesday Nov 4, 2009 11,037 5,200 2,088

(291)

(291)

1,947,075 1,697,865 776,512 18,423 707,649 44,643 5,798 146,959 774,394 0 139,245 109,966

Wednesday Oct 28, 2009

+

+ +

0 3,000 440

+

8,423 7,637 1,951 0 1,936 0 15 5,358 328 0 0 787

+ 729,491 +1,208,174 + 300,056 0 + 297,158 + 3,572 672 + 133,724 + 774,394 80,000 - 162,118 - 236,565

14,480 26,321 16,009 23,233 448 2,224 31,884 88,211

+ + + + +

4,543 39 2 66 33 5 1,046 543

+ + + +

228,825 542 16,009 23,233 976 55 496,471 46,975

2,168,210

+

3,537

+

92,388

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.

+ + +

0 0 25

Wednesday Nov 5, 2008

+ + + +

H.4.1

8. Consolidated Statement of Condition of All Federal Reserve Banks (continued) Millions of dollars Assets, liabilities, and capital

Eliminations from consolidation

Liabilities Federal Reserve notes, net of F.R. Bank holdings Reverse repurchase agreements12 Deposits Depository institutions U.S. Treasury, general account U.S. Treasury, supplementary financing account Foreign official Other Deferred availability cash items Other liabilities and accrued dividends13 Total liabilities Capital accounts Capital paid in Surplus Other capital accounts Total capital Note: Components may not sum to totals because of rounding. 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13.

(0)

(0) (291)

(291)

Change since Wednesday Nov 4, 2009

Wednesday Oct 28, 2009

Wednesday Nov 5, 2008

877,490 60,735 1,163,861 1,065,118 81,576 14,999 1,436 732 2,984 11,777

+ + + + -

2,652 3,711 5,286 18,329 51,013 14,993 1,979 10,426 598 134

+ + + + + + +

50,610 35,928 59,731 561,528 62,924 543,852 1,207 22,076 1 7,768

2,116,846

+

4,691

+

82,181

25,113 21,415 4,836

+ + -

170 9 1,332

+ + +

4,749 2,883 2,575

51,364

-

1,153

+

10,207

Includes securities lent to dealers under the overnight and term securities lending facilities; refer to table 1A. Face value of the securities. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed securities. 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. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities. Refer to table 7 and the note on consolidation accompanying table 9. Refer to table 4 and the note on consolidation accompanying table 9. Refer to table 5 and the note on consolidation accompanying table 9. Refer to table 6 and the note on consolidation accompanying table 9. 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. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates. Cash value of agreements, which are collateralized by U.S. Treasury securities. Includes the liabilities of Commercial Paper Funding Facility LLC, 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 7 and the note on consolidation accompanying table 9.

H.4.1

9. Statement of Condition of Each Federal Reserve Bank, November 4, 2009 Millions of dollars Assets, liabilities, and capital Assets Gold certificate account Special drawing rights certificate acct. Coin Securities, repurchase agreements, term auction credit, and other loans Securities held outright1 U.S. Treasury securities Bills2 Notes and bonds3 Federal agency debt securities2 Mortgage-backed securities4 Repurchase agreements5 Term auction credit Other loans Net portfolio holdings of Commercial Paper Funding Facility LLC6 Net portfolio holdings of Maiden Lane LLC7 Net portfolio holdings of Maiden Lane II LLC8 Net portfolio holdings of Maiden Lane III LLC9 Items in process of collection Bank premises Central bank liquidity swaps10 Other assets11 Interdistrict settlement account

Total

Boston

New York Philadelphia Cleveland Richmond

Atlanta

Chicago

St. Louis Minneapolis

Kansas City

San Francisco

Dallas

11,037 5,200 2,088

412 196 67

3,895 1,818 83

450 210 169

467 237 155

882 412 286

1,356 654 253

911 424 274

329 150 37

197 90 64

335 153 143

621 282 221

1,182 574 336

1,947,075 1,697,865 776,512 18,423 758,089 146,959 774,394 0 139,245 109,966

41,075 32,570 14,896 353 14,543 2,819 14,855 0 8,342 162

880,011 663,654 303,520 7,201 296,319 57,443 302,691 0 108,016 108,341

32,347 26,341 12,047 286 11,761 2,280 12,014 0 5,683 323

69,883 67,079 30,678 728 29,951 5,806 30,595 0 2,804 0

62,543 61,186 27,983 664 27,319 5,296 27,907 0 1,267 91

205,354 204,569 93,559 2,220 91,339 17,707 93,304 0 536 249

186,796 183,727 84,027 1,994 82,033 15,903 83,798 0 2,620 449

67,980 66,516 30,421 722 29,699 5,757 30,338 0 1,432 32

28,497 28,109 12,855 305 12,550 2,433 12,820 0 305 84

77,809 76,640 35,051 832 34,219 6,634 34,955 0 1,159 10

82,551 82,094 37,545 891 36,655 7,106 37,443 0 450 7

212,230 205,379 93,929 2,228 91,701 17,777 93,673 0 6,632 218

14,480

0

14,480

0

0

0

0

0

0

0

0

0

0

26,321

0

26,321

0

0

0

0

0

0

0

0

0

0

16,009

0

16,009

0

0

0

0

0

0

0

0

0

0

23,233 738 2,224 31,884 88,211 0

0 41 121 1,284 2,269 11,443

23,233 0 248 8,355 31,208 5,232

0 159 69 3,521 3,857 22,982

0 103 145 2,361 4,372 18,320

0 51 238 9,096 9,756 + 236,052

0 67 222 2,452 9,435 62,072

0 64 205 1,070 7,512 82,566

0 28 134 319 2,701 34,064

0 33 111 493 1,453 7,846

0 46 269 316 3,051 26,377

0 68 251 412 3,340 15,710

0 78 212 2,204 9,257 18,289

+

-

+

-

2,168,501 63,765 56,908 1,000,429 Total assets 319,315 59,403 Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.

-

157,721

-

114,691

-

37,613

-

23,093

-

55,744

-

72,036

-

207,783

H.4.1

9. Statement of Condition of Each Federal Reserve Bank, November 4, 2009 (continued) Millions of dollars Assets, liabilities, and capital Liabilities Federal Reserve notes outstanding Less: Notes held by F.R. Banks Federal Reserve notes, net Reverse repurchase agreements12 Deposits Depository institutions U.S. Treasury, general account U.S. Treasury, supplementary financing account Foreign official Other Deferred availability cash items Other liabilities and accrued dividends13 Total liabilities Capital Capital paid in Surplus Other capital Total liabilities and capital

Total

Boston

New York Philadelphia Cleveland Richmond

Atlanta

Chicago

St. Louis Minneapolis

Kansas City

Dallas

San Francisco

1,073,015 195,525 877,490 60,735 1,163,861 1,065,118 81,576

35,608 4,811 30,796 1,165 22,778 22,774 0

393,410 67,466 325,944 23,740 627,605 529,164 81,576

39,057 6,739 32,317 942 24,552 24,547 0

45,116 9,667 35,449 2,400 17,195 17,192 0

82,049 11,676 70,373 2,189 231,852 231,643 0

133,315 28,037 105,279 7,318 40,877 40,872 0

85,734 14,197 71,537 6,572 34,371 34,324 0

30,753 4,645 26,108 2,379 8,311 8,309 0

19,451 3,122 16,329 1,005 3,860 3,860 0

28,794 3,385 25,409 2,742 26,721 26,719 0

63,210 14,560 48,650 2,937 19,282 19,281 0

116,518 27,219 89,299 7,347 106,456 106,434 0

14,999 1,436 732 3,275

0 2 3 100

14,999 1,406 460 0

0 4 1 511

0 3 0 442

0 11 198 158

0 3 2 374

0 1 46 261

0 0 2 59

0 1 0 315

0 0 1 191

0 1 0 218

0 3 19 646

11,777

172

7,976

206

274

596

607

511

235

145

218

275

562

2,117,137

55,012

985,265

58,529

55,760

305,168

154,454

113,252

37,093

21,654

55,280

71,361

204,309

25,113 21,415 4,836

945 844 107

7,314 5,943 1,907

2,617 2,316 303

1,802 1,551 290

7,131 5,983 1,034

1,512 1,612 142

617 704 118

238 209 72

711 324 404

209 207 48

348 271 55

1,668 1,450 357

56,908 1,000,429

63,765

59,403

319,315

157,721

114,691

37,613

23,093

55,744

72,036

207,783

2,168,501

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.

H.4.1

9. Statement of Condition of Each Federal Reserve Bank, November 4, 2009 (continued) 1. 2. 3. 4. 5. 6. 7. 8. 9. 10.

Includes securities lent to dealers under the overnight and term securities lending facilities; refer to table 1A. Face value of the securities. 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. 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. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities. Refer to table 7 and the note on consolidation below. Refer to table 4 and the note on consolidation below. Refer to table 5 and the note on consolidation below. Refer to table 6 and the note on consolidation below. 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. 11. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates. 12. Cash value of agreements, which are collateralized by U.S. Treasury securities. 13. Includes the liabilities of Commercial Paper Funding Facility LLC, 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 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 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).

H.4.1

10. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts Millions of dollars Federal Reserve notes and collateral

Wednesday Nov 4, 2009

Federal Reserve notes outstanding Less: Notes held by F.R. Banks not subject to collateralization Federal Reserve notes to be collateralized Collateral held against Federal Reserve notes Gold certificate account Special drawing rights certificate account U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 Other assets pledged Memo: Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 Less: Face value of securities under reverse repurchase agreements U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged Note: Components may not sum to totals because of rounding.

1,073,015 195,525 877,490 877,490 11,037 5,200 861,253 0 1,697,865 60,412 1,637,453

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.