Federal Reserve Statistical Release, H.4.1, Factors Affecting Reserve Balances; title with eagle logo links to Statistical Release home page
Release Date:  February 19, 2009
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FEDERAL RESERVE statistical release
 

H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
February 19, 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
Averages of daily figures Wednesday
Feb 18, 2009
Week ended
Feb 18, 2009
Change from week ended
Feb 11, 2009 Feb 20, 2008
                                                              
Reserve Bank credit                                       1,907,301    +   76,895    +1,040,281     1,897,237 
  Securities held outright                                  570,419    +   56,301    -  142,945       573,625 
    U.S. Treasury securities (1)                            474,790    -      120    -  238,574       474,756 
      Bills (2)                                              18,423             0    -  181,937        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)                              4,077    -      120    -      481         4,042 
    Federal agency debt securities (2)                       32,558    +      727    +   32,558        33,577 
    Mortgage-backed securities (4)                           63,071    +   55,694    +   63,071        65,292 
  Repurchase agreements (5)                                       0             0    -   43,536             0 
  Term auction credit                                       447,563    +   34,680    +  387,563       447,563 
  Other loans                                               143,230    +       24    +  143,007       140,493 
    Primary credit                                           65,992    +    1,418    +   65,772        65,144 
    Secondary credit                                              4    -       31    +        4             0 
    Seasonal credit                                              3   -        1            0            2 
    Primary dealer and other broker-dealer credit (6)        26,001    +      196    +   26,001        25,268 
    Asset-backed Commercial Paper Money Market                
      Mutual Fund Liquidity Facility                         13,875    -    1,236    +   13,875        12,722 
    Credit extended to American International                 
      Group, Inc. (7)                                        37,355    -      322    +   37,355        37,357 
    Other credit extensions                                       0             0             0             0 
  Net portfolio holdings of Commercial Paper                  
    Funding Facility LLC (8)                                250,358    -    5,795    +  250,358       248,671 
  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)             25,883    +       20    +   25,883        25,917 
  Net portfolio holdings of Maiden Lane II LLC (11)          18,631    -       43    +   18,631        18,640 
  Net portfolio holdings of Maiden Lane III LLC (12)         27,639    +      111    +   27,639        27,674 
  Float                                                      -1,903    +      405    -      612        -3,205 
  Central bank liquidity swaps (13)                         379,687    -    9,984    +  369,687       375,005 
  Other Federal Reserve assets (14)                          45,793    +    1,176    +    4,606        42,854 
Gold stock                                                   11,041             0             0        11,041 
Special drawing rights certificate account                    2,200             0             0         2,200 
Treasury currency outstanding (15)                           38,772    +       14    +       92        38,772 
                                                              
Total factors supplying reserve funds                     1,959,314    +   76,909    +1,040,373     1,949,250 
 

Note: Components may not sum to totals because of rounding. Footnotes appear on the following page.
 

 

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
Averages of daily figures Wednesday
Feb 18, 2009
Week ended
Feb 18, 2009
Change from week ended
Feb 11, 2009 Feb 20, 2008
                                                              
Currency in circulation (15)                                894,231    +    4,629    +   77,171       895,101 
Reverse repurchase agreements (16)                           72,993    +    2,746    +   35,016        70,804 
  Foreign official and international accounts                72,993    +    2,746    +   35,016        70,804 
  Dealers                                                         0             0             0             0 
Treasury cash holdings                                          270    -        3    +        1           277 
Deposits with F.R. Banks, other than reserve balances       252,604    -   16,512    +  241,588       228,031 
  U.S. Treasury, general account                             31,082    -    5,424    +   27,221        20,501 
  U.S. Treasury, supplementary financing account            199,950             0    +  199,950       199,950 
  Foreign official                                            2,445    +      426    +    2,347         2,777 
  Service-related                                             4,474    +       42    -    2,274         4,474 
    Required clearing balances                                4,474    +       42    -    2,274         4,474 
    Adjustments to compensate for float                           0             0             0             0 
  Other                                                      14,653    -   11,556    +   14,343           329 
Other liabilities and capital (17)                           50,231    +      457    +    7,759        50,374 
                                                              
Total factors, other than reserve balances,                                                       
   absorbing reserve funds                                1,270,329    -    8,682    +  361,535     1,244,587 
                                                              
Reserve balances with Federal Reserve Banks                 688,984    +   85,590    +  678,837       704,663 
                                                                
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

Memorandum item
Averages of daily figures Wednesday
Feb 18, 2009
Week ended
Feb 18, 2009
Change from week ended
Feb 11, 2009 Feb 20, 2008
                                                              
Marketable securities held in custody for foreign             
      official and international accounts (1)             2,576,109    +   15,260    +  445,889     2,572,766 
  U.S. Treasury securities                                1,762,341    +   19,390    +  498,278     1,761,713 
  Federal agency securities (2)                             813,768    -    4,130    -   52,390       811,053 
Securities lent to dealers                                  121,413    -    1,953    +  105,394       120,867 
  Overnight facility (3)                                      6,133    -      460    -    9,886         5,587 
  Term facility (4)                                         115,280    -    1,493    +  115,280       115,280 
 

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, February 18, 2009
Millions of dollars
Remaining maturity
Within 15
days
16 days to
90 days
91 days to
1 year
Over 1 year
to 5 years
Over 5 years
to 10 years
Over 10
years
All
 
Term auction credit                    66,231      381,333         ---            ---          ---         ---       447,563
Other loans (1)                        89,067       13,766          303        37,357          ---         ---       140,493
U.S. Treasury securities (2)                    
  Holdings                             17,520       28,979       61,317       168,008       99,442      99,489       474,756
  Weekly changes                   -    1,896   +   11,044   -    3,468    -    6,046   +    2,164  -    1,912    -      113
Federal agency debt securities (3)                        
  Holdings                                740        1,548        2,567        22,500        6,222           0        33,577
  Weekly changes                   -      250   -      100   +      710    +    1,067            0           0    +    1,427
Mortgage-backed securities (4)                            
  Holdings                                  0            0            0             0            0      65,292        65,292
  Weekly changes                            0            0            0             0            0  +   57,915    +   57,915
Commercial paper held by                        
  Commercial Paper Funding                      
  Facility LLC (5)                     31,551      216,329            0           ---          ---         ---       247,880
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)      222,441      152,564            0             0            0           0       375,005
                                                
Reverse repurchase agreements (7)      70,804            0          ---           ---          ---         ---        70,804
  
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 arrangements 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
Account name Wednesday
Feb 18, 2009
                                                                                                
Net portfolio holdings of Maiden Lane LLC (1)                                                       25,917    
                                                                                                
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)                                   287    
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3)        1,196    
 
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
Account name Wednesday
Feb 18, 2009
                                                                                                
Net portfolio holdings of Maiden Lane II LLC (1)                                                     18,640   
                                                                                                
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)            18,825   
Accrued interest payable to the Federal Reserve Bank of New York (2)                                     65   
Deferred payment and accrued interest payable to subsidiaries of American International         
  Group, Inc. (3)                                                                                     1,007   
 

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
Account name Wednesday
Feb 18, 2009
                                                                                                
Net portfolio holdings of Maiden Lane III LLC (1)                                                    27,674   
                                                                                                
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)            24,339   
Accrued interest payable to the Federal Reserve Bank of New York (2)                                     93   
Outstanding principal amount and accrued interest on loan payable to American International     
  Group, Inc. (3)                                                                                     5,046   
 

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
Account name Wednesday
Feb 18, 2009
                                                                                                
Commercial paper holdings, net (1)                                                                  246,350   
Other investments, net                                                                                2,321   
Net portfolio holdings of Commercial Paper Funding Facility LLC                                     248,671   
                                                                                                
Memorandum: Commercial paper holdings, face value                                                   247,880   
                                                                                                
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)           246,541   
Accrued interest payable to the Federal Reserve Bank of New York (2)                                    123   
 

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
Account name Wednesday
Feb 18, 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
Assets, liabilities, and capital Eliminations
from
consolidation
  Change since
Wednesday
Feb 18, 2009
Wednesday
Feb 11, 2009
Wednesday
Feb 20, 2008
Assets                                                   
Gold certificate account                                           11,037                0                   0
Special drawing rights certificate account                          2,200                0                   0
Coin                                                                1,886       -       23          +      527
Securities, repurchase agreements, term auction          
      credit, and other loans                                   1,161,681       +   91,551          +  348,197
  Securities held outright                                        573,625       +   59,229          -  139,737
    U.S. Treasury securities (1)                                  474,756       -      113          -  238,606
      Bills (2)                                                    18,423                0          -  181,937
      Notes and bonds, nominal (2)                                412,914                0          -   57,096
      Notes and bonds, inflation-indexed (2)                       39,378                0          +      941
      Inflation compensation (3)                                    4,042       -      113          -      514
    Federal agency debt securities (2)                             33,577       +    1,427          +   33,577
    Mortgage-backed securities (4)                                 65,292       +   57,915          +   65,292
  Repurchase agreements (5)                                             0                0          -   38,750
  Term auction credit                                             447,563       +   34,680          +  387,563
  Other loans                                                     140,493       -    2,358          +  139,122
Net portfolio holdings of Commercial Paper               
  Funding Facility LLC (6)                                        248,671       -    2,535          +  248,671
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)                      25,917       +       40          +   25,917
Net portfolio holdings of Maiden Lane II LLC (9)                   18,640       +       10          +   18,640
Net portfolio holdings of                                
  Maiden Lane III LLC (10)                                         27,674       +       40          +   27,674
Items in process of collection                         (653)        1,478       +      847          -    1,436
Bank premises                                                       2,187       +        2          +       53
Central bank liquidity swaps (11)                                 375,005       -   15,824          +  365,005
Other assets (12)                                                  40,660       -    1,929          +    2,256
                                                         
      Total assets                                     (653)    1,917,036       +   72,179          +1,035,504
 

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
Assets, liabilities, and capital Eliminations
from
consolidation
  Change since
Wednesday
Feb 18, 2009
Wednesday
Feb 11, 2009
Wednesday
Feb 20, 2008
Liabilities                                              
Federal Reserve notes, net of F.R. Bank holdings                  858,488       +    2,487          +   77,985
Reverse repurchase agreements (13)                                 70,804       -    2,480          +   32,194
Deposits                                                 (6)      932,687       +   70,366          +  917,438
  Depository institutions                                         709,130       +  109,073          +  698,807
  U.S. Treasury, general account                                   20,501       +      235          +   15,976
  U.S. Treasury, supplementary financing account                  199,950                0          +  199,950
  Foreign official                                                  2,777       +       49          +    2,676
  Other                                                  (6)          329       -   38,990          +       30
Deferred availability cash items                       (647)        4,683       +    1,510          +      503
Other liabilities and accrued dividends (14)                        8,680       -       15          +    4,212
                                                         
      Total liabilities                                (653)    1,875,343       +   71,869          +1,032,333
                                                         
Capital accounts                                         
Capital paid in                                                    22,102       +      393          +    2,749
Surplus                                                            19,506       -       33          +    1,049
Other capital accounts                                                 86       -       48          -      627
                                                         
      Total capital                                                41,694       +      312          +    3,172
 

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, February 18, 2009
Millions of dollars
Assets, liabilities, and capital Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas
City
Dallas San
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                                           1,886          61          84         156         156         262         239         215          49          60         129         193         283 
Securities, repurchase agreements, term                            
      auction credit, and other loans      1,161,681      57,390     545,978      65,474      32,297     116,768      72,864      58,489      24,927      16,840      23,813      31,484     115,358 
  Securities held outright                   573,625      24,060     204,092      25,045      21,752      52,015      57,075      50,628      19,822      10,829      21,062      23,795      63,449 
    U.S. Treasury securities (1)             474,756      19,913     168,915      20,729      18,003      43,050      47,237      41,902      16,406       8,963      17,432      19,693      52,513 
      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)                    456,333      19,140     162,361      19,924      17,304      41,380      45,404      40,276      15,769       8,615      16,756      18,929      50,475 
    Federal agency debt securities (2)        33,577       1,408      11,946       1,466       1,273       3,045       3,341       2,963       1,160         634       1,233       1,393       3,714 
    Mortgage-backed securities (4)            65,292       2,739      23,231       2,851       2,476       5,921       6,496       5,763       2,256       1,233       2,397       2,708       7,222 
  Repurchase agreements (5)                        0           0           0           0           0           0           0           0           0           0           0           0           0 
  Term auction credit                        447,563      20,317     220,759      40,315      10,546      64,159      15,539       5,999       4,759       5,699       2,712       6,600      50,160 
  Other loans                                140,493      13,013     121,126         114           0         593         251       1,862         346         312          39       1,089       1,749 
Net portfolio holdings of Commercial                               
  Paper Funding Facility LLC (6)             248,671           0     248,671           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)                                     25,917           0      25,917           0           0           0           0           0           0           0           0           0           0 
Net portfolio holdings of Maiden                                   
  Lane II LLC (9)                             18,640           0      18,640           0           0           0           0           0           0           0           0           0           0 
Net portfolio holdings of Maiden                                   
  Lane III LLC (10)                           27,674           0      27,674           0           0           0           0           0           0           0           0           0           0 
Items in process of collection                 2,131         105           0         366         303          61         436         269          34         103          58         148         248 
Bank premises                                  2,187         123         211          65         147         231         224         207         133         112         273         250         212 
Central bank liquidity swaps (11)            375,005      14,552     108,382      39,904      26,753     103,077      27,780      12,125       3,614       5,591       3,584       4,671      24,972 
Other assets (12)                             40,660       1,704      12,428       3,341       2,390       8,345       3,445       2,195         825         694         849       1,011       3,436 
Interdistrict settlement account                   0   -  11,516   -  24,339   -  54,641   +  25,293   -  47,547   +  29,684   +  26,642   +   5,184   -   4,756   +  16,679   +  17,447   +  21,869 
                                                                   
      Total assets                         1,917,689      62,957     968,454      55,199      87,864     182,235     136,059     101,268      35,181      18,872      45,801      55,937     167,862 
 

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, February 18, 2009 (continued)
Millions of dollars
Assets, liabilities, and capital Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas
City
Dallas San
Francisco
Liabilities                                                         
Federal Reserve notes outstanding           1,034,252      37,794     361,349      41,119      46,083      80,435     133,680      84,357      29,115      17,455      29,624      61,612     111,631 
  Less: Notes held by F.R. Banks              175,764       5,720      47,607       5,436       7,355      12,151      28,560      13,735       3,439       3,143       3,750      18,125      26,742 
    Federal Reserve notes, net                858,488      32,074     313,742      35,683      38,728      68,284     105,120      70,622      25,676      14,312      25,873      43,486      84,889 
Reverse repurchase agreements (13)             70,804       2,970      25,192       3,091       2,685       6,420       7,045       6,249       2,447       1,337       2,600       2,937       7,832 
Deposits                                      932,694      25,817     612,661      10,799      42,461      95,052      19,802      22,096       6,370       1,900      16,530       8,411      70,794 
  Depository institutions                     709,130      25,804     389,258      10,794      42,457      94,945      19,799      22,088       6,356       1,899      16,528       8,411      70,790 
  U.S. Treasury, general account               20,501           0      20,501           0           0           0           0           0           0           0           0           0           0 
  U.S. Treasury, supplementary                                      
    financing account                         199,950           0     199,950           0           0           0           0           0           0           0           0           0           0 
  Foreign official                              2,777           2       2,748           4           3          11           3           1           0           1           0           1           3 
  Other                                           335          11         204           0           1          96           0           7          14           0           1           0           2 
Deferred availability cash items                5,330         173           0         877         719         322         504         549         100         407         248         385       1,043 
Other liabilities and accrued                                                 
  dividends (14)                                8,680         153       6,252         178         179         435         344         288         153         107         120         167         305 
                                                                    
      Total liabilities                     1,875,996      61,186     957,847      50,628      84,771     170,513     132,816      99,804      34,746      18,063      45,372      55,387     164,863 
                                                                    
Capital                                                             
Capital paid in                                22,102         903       6,202       2,320       1,594       5,980       1,644         730         216         485         214         275       1,539 
Surplus                                        19,506         844       4,404       2,251       1,499       5,742       1,599         704         210         324         208         271       1,449 
Other capital                                      86          23           0           0           0           0           0          30          10           0           7           4          11 
                                                                    
      Total liabilities and capital         1,917,689      62,957     968,454      55,199      87,864     182,235     136,059     101,268      35,181      18,872      45,801      55,937     167,862 
                              
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, February 18, 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 LLCto 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
Feb 18, 2009
                                                                                            
Federal Reserve notes outstanding                                                              1,034,252 
  Less: Notes held by F.R. Banks not subject to collateralization                                175,764 
    Federal Reserve notes to be collateralized                                                   858,488 
Collateral held against Federal Reserve notes                                                    858,488 
  Gold certificate account                                                                        11,037 
  Special drawing rights certificate account                                                       2,200 
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1)                         508,813 
  Other assets pledged                                                                           336,439 
                                                                                            
Memo:                                                                                       
Total U.S. Treasury, agency debt, and mortgage-backed securities (1)                             573,625 
  Less: Face value of securities under reverse repurchase agreements                              64,812 
    U.S. Treasury, agency debt, and mortgage-backed securities                              
    eligible to be pledged                                                                       508,813 
   
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.

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Statistical releases