Federal Reserve Statistical Release, H.4.1, Factors Affecting Reserve Balances; title with eagle logo links to Statistical Release home page
Release Date:  July 16, 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
July 16, 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
Jul 15, 2009
Week ended
Jul 15, 2009
Change from week ended
Jul 8, 2009 Jul 16, 2008
                                                              
Reserve Bank credit                                       2,011,746    +   34,247    +1,124,290     2,056,850 
  Securities held outright (1)                            1,265,707    +   36,942    +  786,703     1,312,150 
    U.S. Treasury securities                                677,162    +    8,673    +  198,158       684,030 
      Bills (2)                                              18,423             0    -    3,317        18,423 
      Notes and bonds, nominal (2)                          610,833    +    8,622    +  198,441       617,575 
      Notes and bonds, inflation-indexed (2)                 42,823    +       20    +    3,652        42,939 
      Inflation compensation (3)                              5,083    +       31    -      618         5,095 
    Federal agency debt securities (2)                       99,488    +    1,660    +   99,488       101,701 
    Mortgage-backed securities (4)                          489,057    +   26,608    +  489,057       526,418 
  Repurchase agreements (5)                                       0             0    -  111,143             0 
  Term auction credit                                       273,691    -       15    +  123,691       273,691 
  Other loans                                               111,893    -    4,474    +   97,592       113,286 
    Primary credit                                           34,457    -      509    +   20,541        34,743 
    Secondary credit                                              0             0    -      279             0 
    Seasonal credit                                             74   +        4   -       24           82 
    Primary dealer and other broker-dealer credit (6)             0             0    -        9             0 
    Asset-Backed Commercial Paper Money Market                
      Mutual Fund Liquidity Facility                          7,998    -    4,612    +    7,998         5,469 
    Credit extended to American International                 
      Group, Inc. (7)                                        43,026    -      736    +   43,026        42,871 
    Term Asset-Backed Securities Loan Facility               26,338    +    1,379    +   26,338        30,121 
    Other credit extensions                                       0             0             0             0 
  Net portfolio holdings of Commercial Paper                  
    Funding Facility LLC (8)                                112,360    -    1,802    +  112,360       111,053 
  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)             25,958    +       28    -    2,997        25,978 
  Net portfolio holdings of Maiden Lane II LLC (11)          15,744    -      180    +   15,744        15,754 
  Net portfolio holdings of Maiden Lane III LLC (12)         18,784    -      720    +   18,784        18,814 
  Float                                                      -2,114    +       75    -      770        -2,430 
  Central bank liquidity swaps (13)                         111,778    +    2,340    +   49,778       111,641 
  Other Federal Reserve assets (14)                          77,944    +    2,053    +   34,547        76,913 
Gold stock                                                   11,041             0             0        11,041 
Special drawing rights certificate account                    2,200             0             0         2,200 
Treasury currency outstanding (15)                           42,459    +       14    +    3,783        42,459 
                                                              
Total factors supplying reserve funds                     2,067,446    +   34,262    +1,128,072     2,112,550 
 

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
reserve balances of depository institutions at
Federal Reserve Banks
Averages of daily figures Wednesday
Jul 15, 2009
Week ended
Jul 15, 2009
Change from week ended
Jul 8, 2009 Jul 16, 2008
                                                              
Currency in circulation (15)                                910,467    -    1,502    +   80,562       910,649 
Reverse repurchase agreements (16)                           68,760    -    1,422    +   26,714        66,342 
  Foreign official and international accounts                68,760    -    1,422    +   26,714        66,342 
  Dealers                                                         0             0             0             0 
Treasury cash holdings                                          348    +        7    +       69           349 
Deposits with F.R. Banks, other than reserve balances       249,927    +    5,612    +  237,642       274,553 
  U.S. Treasury, general account                             26,431    -    7,769    +   21,720        65,234 
  U.S. Treasury, supplementary financing account            199,939             0    +  199,939       199,939 
  Foreign official                                            2,961    +      381    +    2,860         1,965 
  Service-related                                             4,187    -        2    -    3,008         4,187 
    Required clearing balances                                4,187    -        2    -    3,008         4,187 
    Adjustments to compensate for float                           0             0             0             0 
  Other                                                      16,409    +   13,001    +   16,131         3,229 
Other liabilities and capital (17)                           56,206    +    1,415    +   12,104        56,078 
                                                              
Total factors, other than reserve balances,                                                       
   absorbing reserve funds                                1,285,707    +    4,109    +  357,090     1,307,970 
                                                              
Reserve balances with Federal Reserve Banks                 781,739    +   30,153    +  770,982       804,580 
                                                                
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

Memorandum item
Averages of daily figures Wednesday
Jul 15, 2009
Week ended
Jul 15, 2009
Change from week ended
Jul 8, 2009 Jul 16, 2008
                                                              
Marketable securities held in custody for foreign             
      official and international accounts (1)             2,782,123    -    4,564    +  434,150     2,789,441 
  U.S. Treasury securities                                1,981,788    -      177    +  617,730     1,994,828 
  Federal agency securities (2)                             800,336    -    4,386    -  183,579       794,613 
Securities lent to dealers                                   14,513    +    4,371    -   89,757        13,666 
  Overnight facility (3)                                     10,263    +    4,371    +    6,121         9,416 
  Term facility (4)                                           4,250             0    -   95,878         4,250 
 

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. Includes lending of U.S. Treasury securities and federal agency debt securities. Fully collateralized by
U.S. Treasury securities.
4. Includes only lending of U.S. Treasury securities. 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, July 15, 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                   170,161      103,530         ---            ---          ---         ---       273,691
Other loans (1)                        32,589        7,704            0        72,992            0         ---       113,286
U.S. Treasury securities (2)                    
  Holdings                             14,641       23,658       63,666       277,242      176,253     128,570       684,030
  Weekly changes                   +      922   -    2,157   +    1,221    +   11,076   -      867  +      334    +   10,530
Federal agency debt securities (3)                        
  Holdings                                196          750       10,021        69,379       20,143       1,212       101,701
  Weekly changes                            0            0   +    2,651    +    2,031   -      809           0    +    3,873
Mortgage-backed securities (4)                            
  Holdings                                  0            0            0             0            0     526,418       526,418
  Weekly changes                            0            0            0             0            0  +   63,965    +   63,965
Commercial paper held by                        
  Commercial Paper Funding                      
  Facility LLC (5)                     74,026       33,277            0           ---          ---         ---       107,303
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)       80,513       31,128            0             0            0           0       111,641
                                                
Reverse repurchase agreements (7)      66,342            0          ---           ---          ---         ---        66,342
  
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
Account name Wednesday
Jul 15, 2009
                                                                                                
Mortgage-backed securities held outright (1)                                                       526,418    
                                                                                                
Commitments to buy mortgage-backed securities (2)                                                  134,555    
Commitments to sell mortgage-backed securities (2)                                                  22,140    
                                                                                                
Cash and cash equivalents (3)                                                                          295    
 

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
Account name Wednesday
Jul 15, 2009
                                                                                                
Net portfolio holdings of Maiden Lane LLC (1)                                                       25,978    
                                                                                                
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)                                   346    
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3)        1,220    
 
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
Account name Wednesday
Jul 15, 2009
                                                                                                
Net portfolio holdings of Maiden Lane II LLC (1)                                                     15,754   
                                                                                                
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)            17,232   
Accrued interest payable to the Federal Reserve Bank of New York (2)                                    169   
Deferred payment and accrued interest payable to subsidiaries of American International         
  Group, Inc. (3)                                                                                     1,021   
 

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
Account name Wednesday
Jul 15, 2009
                                                                                                
Net portfolio holdings of Maiden Lane III LLC (1)                                                    18,814   
                                                                                                
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)            20,757   
Accrued interest payable to the Federal Reserve Bank of New York (2)                                    226   
Outstanding principal amount and accrued interest on loan payable to American International     
  Group, Inc. (3)                                                                                     5,115   
 

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
Account name Wednesday
Jul 15, 2009
                                                                                                
Commercial paper holdings, net (1)                                                                  107,072   
Other investments, net                                                                                3,981   
Net portfolio holdings of Commercial Paper Funding Facility LLC                                     111,053   
                                                                                                
Memorandum: Commercial paper holdings, face value                                                   107,303   
                                                                                                
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)           106,647   
Accrued interest payable to the Federal Reserve Bank of New York (2)                                     51   
 

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
Account name Wednesday
Jul 15, 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
Assets, liabilities, and capital Eliminations
from
consolidation
  Change since
Wednesday
Jul 15, 2009
Wednesday
Jul 8, 2009
Wednesday
Jul 16, 2008
Assets                                                   
Gold certificate account                                           11,037                0                   0
Special drawing rights certificate account                          2,200                0                   0
Coin                                                                1,792       +       15          +      481
Securities, repurchase agreements, term auction          
      credit, and other loans                                   1,699,127       +   79,157          +  937,150
  Securities held outright (1)                                  1,312,150       +   78,369          +  833,114
    U.S. Treasury securities                                      684,030       +   10,530          +  204,994
      Bills (2)                                                    18,423                0          -    3,317
      Notes and bonds, nominal (2)                                617,575       +   10,364          +  205,183
      Notes and bonds, inflation-indexed (2)                       42,939       +      136          +    3,768
      Inflation compensation (3)                                    5,095       +       32          -      638
    Federal agency debt securities (2)                            101,701       +    3,873          +  101,701
    Mortgage-backed securities (4)                                526,418       +   63,965          +  526,418
  Repurchase agreements (5)                                             0                0          -  116,750
  Term auction credit                                             273,691       -       15          +  123,691
  Other loans                                                     113,286       +      804          +   97,094
Net portfolio holdings of Commercial Paper               
  Funding Facility LLC (6)                                        111,053       -    1,841          +  111,053
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)                      25,978       +       23          -    3,041
Net portfolio holdings of Maiden Lane II LLC (9)                   15,754       +       12          +   15,754
Net portfolio holdings of                                
  Maiden Lane III LLC (10)                                         18,814       +       35          +   18,814
Items in process of collection                         (395)          456       +       85          -      611
Bank premises                                                       2,201       +        2          +       44
Central bank liquidity swaps (11)                                 111,641       +    2,497          +   49,641
Other assets (12)                                                  74,769       +      249          +   33,466
                                                         
      Total assets                                     (395)    2,074,822       +   80,234          +1,162,751
 

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
Assets, liabilities, and capital Eliminations
from
consolidation
  Change since
Wednesday
Jul 15, 2009
Wednesday
Jul 8, 2009
Wednesday
Jul 16, 2008
Liabilities                                              
Federal Reserve notes, net of F.R. Bank holdings                  870,327       -    2,429          +   76,906
Reverse repurchase agreements (13)                                 66,342       -    1,502          +   23,335
Deposits                                                 (0)    1,079,190       +   83,198          +1,050,787
  Depository institutions                                         808,824       +   59,670          +  784,895
  U.S. Treasury, general account                                   65,234       +   28,324          +   61,198
  U.S. Treasury, supplementary financing account                  199,939                0          +  199,939
  Foreign official                                                  1,965       -    1,068          +    1,863
  Other                                                  (0)        3,229       -    3,728          +    2,893
Deferred availability cash items                       (395)        2,886       +      183          -      253
Other liabilities and accrued dividends (14)                        6,604       +      833          +    3,316
                                                         
      Total liabilities                                (395)    2,025,348       +   80,281          +1,154,091
                                                         
Capital accounts                                         
Capital paid in                                                    24,512       +        1          +    4,628
Surplus                                                            21,281       +        8          +    2,788
Other capital accounts                                              3,681       -       56          +    1,244
                                                         
      Total capital                                                49,474       -       47          +    8,660
 

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, July 15, 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         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                                           1,792          59          70         151         144         231         215         220          39          58         130         186         289 
Securities, repurchase agreements, term                            
      auction credit, and other loans      1,699,127      44,176     798,960      39,415      58,626      66,713     163,827     147,293      54,425      22,305      61,182      66,511     175,694 
  Securities held outright (1)             1,312,150      25,171     512,887      20,357      51,840      47,286     158,096     141,989      51,405      21,723      59,229      63,444     158,722 
    U.S. Treasury securities                 684,030      13,122     267,371      10,612      27,025      24,650      82,416      74,019      26,798      11,324      30,877      33,074      82,743 
      Bills (2)                               18,423         353       7,201         286         728         664       2,220       1,994         722         305         832         891       2,228 
      Notes and bonds (3)                    665,608      12,768     260,170      10,326      26,297      23,987      80,197      72,026      26,076      11,019      30,045      32,183      80,514 
    Federal agency debt securities (2)       101,701       1,951      39,752       1,578       4,018       3,665      12,254      11,005       3,984       1,684       4,591       4,917      12,302 
    Mortgage-backed securities (4)           526,418      10,098     205,764       8,167      20,798      18,971      63,426      56,964      20,623       8,715      23,762      25,453      63,677 
  Repurchase agreements (5)                        0           0           0           0           0           0           0           0           0           0           0           0           0 
  Term auction credit                        273,691      13,342     182,284      18,962       6,723      18,880       5,480       3,790       2,855         371       1,951       3,056      15,998 
  Other loans                                113,286       5,662     103,789          96          63         547         251       1,514         165         211           2          11         974 
Net portfolio holdings of Commercial                               
  Paper Funding Facility LLC (6)             111,053           0     111,053           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)                                     25,978           0      25,978           0           0           0           0           0           0           0           0           0           0 
Net portfolio holdings of Maiden                                   
  Lane II LLC (9)                             15,754           0      15,754           0           0           0           0           0           0           0           0           0           0 
Net portfolio holdings of Maiden                                   
  Lane III LLC (10)                           18,814           0      18,814           0           0           0           0           0           0           0           0           0           0 
Items in process of collection                   851          22           0         156          84          39          57          73         138          49          64         117          50 
Bank premises                                  2,201         121         219          67         147         238         222         207         136         112         270         248         213 
Central bank liquidity swaps (11)            111,641       4,604      27,281      12,626       8,465      32,614       8,790       3,836       1,144       1,769       1,134       1,478       7,901 
Other assets (12)                             74,769       1,996      26,011       3,592       3,805       9,064       7,845       6,132       2,198       1,228       2,482       2,730       7,687 
Interdistrict settlement account                   0   +   6,391   -  20,860   +   1,322   -   3,730   + 161,463   -  32,783   -  44,736   -  21,994   -   3,203   -  14,225   -   5,547   -  22,098 
                                                                   
      Total assets                         2,075,217      57,896   1,008,049      57,862      68,112     271,391     149,694     114,149      36,485      22,545      51,438      66,442     171,152 
 

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, July 15, 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           1,054,823      36,005     382,096      40,004      45,019      81,974     132,075      86,648      30,900      19,881      28,857      62,040     109,322 
  Less: Notes held by F.R. Banks              184,496       4,761      56,950       6,668       8,325      12,452      27,703      13,062       4,155       3,092       3,531      18,584      25,211 
    Federal Reserve notes, net                870,327      31,244     325,146      33,336      36,694      69,523     104,372      73,586      26,744      16,789      25,326      43,456      84,111 
Reverse repurchase agreements (13)             66,342       1,273      25,931       1,029       2,621       2,391       7,993       7,179       2,599       1,098       2,995       3,208       8,025 
Deposits                                    1,079,190      23,307     638,395      17,774      24,918     185,499      33,253      30,936       6,274       3,023      22,308      18,760      74,744 
  Depository institutions                     808,824      23,281     368,240      17,769      24,914     185,351      33,244      30,932       6,263       3,022      22,307      18,759      74,741 
  U.S. Treasury, general account               65,234           0      65,234           0           0           0           0           0           0           0           0           0           0 
  U.S. Treasury, supplementary                                      
    financing account                         199,939           0     199,939           0           0           0           0           0           0           0           0           0           0 
  Foreign official                              1,965           2       1,935           4           3          11           3           1           0           1           0           1           3 
  Other                                         3,229          24       3,047           0           1         136           7           2          10           0           1           0           0 
Deferred availability cash items                3,280          81           0         466         364         115         367         395         176         311         197         223         585 
Other liabilities and accrued                                                 
  dividends (14)                                6,604         135       3,693         141         208         395         468         411         198         116         177         230         432 
                                                                    
      Total liabilities                     2,025,743      56,039     993,165      52,746      64,804     257,922     146,454     112,507      35,991      21,337      51,003      65,876     167,896 
                                                                    
Capital                                                             
Capital paid in                                24,512         920       7,247       2,607       1,635       6,809       1,559         791         238         632         207         273       1,594 
Surplus                                        21,281         844       5,811       2,316       1,552       5,981       1,612         704         209         324         208         271       1,449 
Other capital                                   3,681          93       1,827         194         121         679          70         147          46         252          20          22         212 
                                                                    
      Total liabilities and capital         2,075,217      57,896   1,008,049      57,862      68,112     271,391     149,694     114,149      36,485      22,545      51,438      66,442     171,152 
                              
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, July 15, 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
Jul 15, 2009
                                                                                            
Federal Reserve notes outstanding                                                              1,054,823 
  Less: Notes held by F.R. Banks not subject to collateralization                                184,496 
    Federal Reserve notes to be collateralized                                                   870,327 
Collateral held against Federal Reserve notes                                                    870,327 
  Gold certificate account                                                                        11,037 
  Special drawing rights certificate account                                                       2,200 
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                       857,090 
  Other assets pledged                                                                                 0 
                                                                                            
Memo:                                                                                       
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                         1,312,150 
  Less: Face value of securities under reverse repurchase agreements                              65,853 
    U.S. Treasury, agency debt, and mortgage-backed securities                              
    eligible to be pledged                                                                     1,246,297 
   
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.

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