Federal Reserve Statistical Release, H.4.1, Factors Affecting Reserve Balances; title with eagle logo links to Statistical Release home page
Release Date:  April 02, 2009
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For release at
4:30 p.m. EDT
April 2, 2009

The Board's H.4.1 statistical release, "Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks," has been modified to include supplemental information related to Federal Reserve System purchases of mortgage-backed securities (MBS) guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. This supplemental information will be presented in a new table 3, "Supplemental Information on Mortgage-Backed Securities Purchase Program."

On November 25, 2008, the Federal Reserve announced a program to purchase MBS guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The goal of the program is to reduce the cost and increase the availability of credit for the purchase of houses, which in turn should support mortgage and housing markets and foster improved conditions in financial markets more generally. The first line of table 3 presents the current face value of MBS held outright. This information, which represents the remaining principal balance of the underlying mortgages, is also presented in tables 1, 9, and 10 of the release. Table 3 also presents commitments to buy and sell MBS--that is, purchases and sales of securities that have not yet settled. These commitments are related both to outright transactions as well as dollar rolls. A dollar roll transaction consists of a purchase (or sale) of securities combined with an agreement to sell (or purchase) comparable securities in the future. The Federal Reserve's transactions in the dollar roll market support the MBS purchase program by fostering liquid trading conditions in MBS financing markets. Because of occasional principal and interest payments, settlement delays, and cancellations of transactions, the Federal Reserve has some uninvested cash associated with the MBS purchase program. Table 3 presents the cash and cash equivalents related to the program, and this value is included in "other Federal Reserve assets" in table 1 and in "other assets" in table 9 and table 10.

FEDERAL RESERVE statistical release
 

H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
April 2, 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
Apr 1, 2009
Week ended
Apr 1, 2009
Change from week ended
Mar 25, 2009 Apr 2, 2008
                                                              
Reserve Bank credit                                       2,048,651    -    2,321    +1,173,151     2,059,537 
  Securities held outright                                  773,497    +   13,005    +  184,412       782,583 
    U.S. Treasury securities (1)                            486,219    +   11,488    -  102,866       492,330 
      Bills (2)                                              18,423             0    -   74,562        18,423 
      Notes and bonds, nominal (2)                          424,359    +   11,445    -   28,550       430,454 
      Notes and bonds, inflation-indexed (2)                 39,378             0    +      941        39,378 
      Inflation compensation (3)                              4,060    +       43    -      695         4,076 
    Federal agency debt securities (2)                       50,853    +    2,057    +   50,853        53,616 
    Mortgage-backed securities (4)                          236,424    -      540    +  236,424       236,637 
  Repurchase agreements (5)                                       0             0    -   77,500             0 
  Term auction credit                                       467,278    -    1,311    +  367,278       467,278 
  Other loans                                               135,292    +      952    +   90,153       133,084 
    Primary credit                                           59,735    -    3,047    +   52,722        58,037 
    Secondary credit                                              0             0             0             1 
    Seasonal credit                                              3            0   -        4            3 
    Primary dealer and other broker-dealer credit (6)        19,488    -      601    -   18,630        18,300 
    Asset-Backed Commercial Paper Money Market                
      Mutual Fund Liquidity Facility                          6,650    -      529    +    6,650         6,085 
    Credit extended to American International                 
      Group, Inc. (7)                                        44,712    +    1,098    +   44,712        45,967 
    Term Asset-Backed Securities Loan Facility                4,703    +    4,030    +    4,703         4,692 
    Other credit extensions                                       0             0             0             0 
  Net portfolio holdings of Commercial Paper                  
    Funding Facility LLC (8)                                244,297    +    3,495    +  244,297       249,731 
  Net portfolio holdings of LLCs funded through               
    the Money Market Investor Funding Facility (9)                0             0             0             0 
  Net portfolio holdings of Maiden Lane LLC (10)             26,295    +       72    +   26,295        26,336 
  Net portfolio holdings of Maiden Lane II LLC (11)          18,458    +       18    +   18,458        18,516 
  Net portfolio holdings of Maiden Lane III LLC (12)         27,647    +       16    +   27,647        27,661 
  Float                                                      -2,287    -      135    -    1,195        -2,782 
  Central bank liquidity swaps (13)                         309,828    -   17,864    +  288,828       308,792 
  Other Federal Reserve assets (14)                          48,346    -      568    +    4,479        48,339 
Gold stock                                                   11,041             0             0        11,041 
Special drawing rights certificate account                    2,200             0             0         2,200 
Treasury currency outstanding (15)                           38,856    +       14    +      177        38,856 
                                                              
Total factors supplying reserve funds                     2,100,748    -    2,307    +1,173,329     2,111,634 
 

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
Apr 1, 2009
Week ended
Apr 1, 2009
Change from week ended
Mar 25, 2009 Apr 2, 2008
                                                              
Currency in circulation (15)                                899,198    +      583    +   83,626       901,225 
Reverse repurchase agreements (16)                           69,486    +    4,308    +   27,790        67,906 
  Foreign official and international accounts                69,486    +    4,308    +   31,612        67,906 
  Dealers                                                         0             0    -    3,821             0 
Treasury cash holdings                                          311    +        1    -       24           315 
Deposits with F.R. Banks, other than reserve balances       269,837    -   17,816    +  257,266       256,882 
  U.S. Treasury, general account                             47,129    -   30,954    +   41,971        37,754 
  U.S. Treasury, supplementary financing account            199,934    -        1    +  199,934       199,934 
  Foreign official                                            1,110    -      753    +    1,012           846 
  Service-related                                             4,430    -       35    -    2,617         4,430 
    Required clearing balances                                4,430    -       35    -    2,617         4,430 
    Adjustments to compensate for float                           0             0             0             0 
  Other                                                      17,235    +   13,928    +   16,967        13,919 
Other liabilities and capital (17)                           55,474    -      123    +   10,759        54,809 
                                                              
Total factors, other than reserve balances,                                                       
   absorbing reserve funds                                1,294,307    -   13,046    +  379,419     1,281,137 
                                                              
Reserve balances with Federal Reserve Banks                 806,441    +   10,739    +  793,909       830,497 
                                                                
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
Apr 1, 2009
Week ended
Apr 1, 2009
Change from week ended
Mar 25, 2009 Apr 2, 2008
                                                              
Marketable securities held in custody for foreign             
      official and international accounts (1)             2,609,329    +   14,605    +  403,238     2,615,016 
  U.S. Treasury securities                                1,799,627    +   16,661    +  500,925     1,805,309 
  Federal agency securities (2)                             809,703    -    2,055    -   97,687       809,707 
Securities lent to dealers                                   90,736    -    2,671    +    5,130        92,838 
  Overnight facility (3)                                      5,086    +    1,944    -   16,235         7,188 
  Term facility (4)                                          85,650    -    4,614    +   21,364        85,650 
 

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, April 1, 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                   117,772      349,506         ---            ---          ---         ---       467,278
Other loans (1)                        75,698        6,727            0        50,659          ---         ---       133,084
U.S. Treasury securities (2)                    
  Holdings                             13,077       29,809       61,898       175,762      109,586     102,198       492,330
  Weekly changes                   -    6,209   +    4,584   +      973    +    7,071   +    8,648  +    2,517    +   17,584
Federal agency debt securities (3)                        
  Holdings                                  0            0        4,090        36,423       12,898         205        53,616
  Weekly changes                            0            0            0             0   +    3,184  +       39    +    3,223
Mortgage-backed securities (4)                            
  Holdings                                  0            0            0             0            0     236,637       236,637
  Weekly changes                            0            0            0             0            0  +      481    +      481
Commercial paper held by                        
  Commercial Paper Funding                      
  Facility LLC (5)                     15,156      233,041            0           ---          ---         ---       248,196
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)      149,880      158,912            0             0            0           0       308,792
                                                
Reverse repurchase agreements (7)      67,906            0          ---           ---          ---         ---        67,906
  
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
Apr 1, 2009
                                                                                                
Mortgage-backed securities held outright (1)                                                       236,637    
                                                                                                
Commitments to buy mortgage-backed securities (2)                                                  183,901    
Commitments to sell mortgage-backed securities (2)                                                 119,750    
                                                                                                
Cash and cash equivalents (3)                                                                          783    
 

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
Apr 1, 2009
                                                                                                
Net portfolio holdings of Maiden Lane LLC (1)                                                       26,336    
                                                                                                
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)                                   304    
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3)        1,202    
 
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 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
Apr 1, 2009
                                                                                                
Net portfolio holdings of Maiden Lane II LLC (1)                                                     18,516   
                                                                                                
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)            18,543   
Accrued interest payable to the Federal Reserve Bank of New York (2)                                     96   
Deferred payment and accrued interest payable to subsidiaries of American International         
  Group, Inc. (3)                                                                                     1,011   
 

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 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
Apr 1, 2009
                                                                                                
Net portfolio holdings of Maiden Lane III LLC (1)                                                    27,661   
                                                                                                
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)            24,036   
Accrued interest payable to the Federal Reserve Bank of New York (2)                                    133   
Outstanding principal amount and accrued interest on loan payable to American International     
  Group, Inc. (3)                                                                                     5,066   
 

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 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
Apr 1, 2009
                                                                                                
Commercial paper holdings, net (1)                                                                  247,112   
Other investments, net                                                                                2,620   
Net portfolio holdings of Commercial Paper Funding Facility LLC                                     249,731   
                                                                                                
Memorandum: Commercial paper holdings, face value                                                   248,196   
                                                                                                
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)           246,833   
Accrued interest payable to the Federal Reserve Bank of New York (2)                                     88   
 

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
Apr 1, 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
Apr 1, 2009
Wednesday
Mar 25, 2009
Wednesday
Apr 2, 2008
Assets                                                   
Gold certificate account                                           11,037                0                   0
Special drawing rights certificate account                          2,200                0                   0
Coin                                                                1,837       +        5          +      497
Securities, repurchase agreements, term auction          
      credit, and other loans                                   1,382,945       +   16,833          +  580,909
  Securities held outright                                        782,583       +   21,288          +  201,343
    U.S. Treasury securities (1)                                  492,330       +   17,584          -   88,910
      Bills (2)                                                    18,423                0          -   74,562
      Notes and bonds, nominal (2)                                430,454       +   17,540          -   14,596
      Notes and bonds, inflation-indexed (2)                       39,378                0          +      941
      Inflation compensation (3)                                    4,076       +       44          -      693
    Federal agency debt securities (2)                             53,616       +    3,223          +   53,616
    Mortgage-backed securities (4)                                236,637       +      481          +  236,637
  Repurchase agreements (5)                                             0                0          -   76,000
  Term auction credit                                             467,278       -    1,311          +  367,278
  Other loans                                                     133,084       -    3,143          +   88,288
Net portfolio holdings of Commercial Paper               
  Funding Facility LLC (6)                                        249,731       +    8,420          +  249,731
Net portfolio holdings of LLCs funded through            
  the Money Market Investor Funding Facility (7)                        0                0                   0
Net portfolio holdings of Maiden Lane LLC (8)                      26,336       +       48          +   26,336
Net portfolio holdings of Maiden Lane II LLC (9)                   18,516       +       67          +   18,516
Net portfolio holdings of                                
  Maiden Lane III LLC (10)                                         27,661       +       16          +   27,661
Items in process of collection                         (475)          485       +       17          -    4,248
Bank premises                                                       2,183       -        4          +       38
Central bank liquidity swaps (11)                                 308,792       -   18,986          +  287,792
Other assets (12)                                                  48,692       +      773          +    7,780
                                                         
      Total assets                                     (475)    2,080,415       +    7,188          +1,195,012
 

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
Apr 1, 2009
Wednesday
Mar 25, 2009
Wednesday
Apr 2, 2008
Liabilities                                              
Federal Reserve notes, net of F.R. Bank holdings                  864,517       +    1,423          +   84,957
Reverse repurchase agreements (13)                                 67,906       +    1,479          +   26,845
Deposits                                                 (0)    1,089,916       +    4,656          +1,072,076
  Depository institutions                                         837,463       +   15,051          +  826,046
  U.S. Treasury, general account                                   37,754       -   18,444          +   31,741
  U.S. Treasury, supplementary financing account                  199,934       -        1          +  199,934
  Foreign official                                                    846       -      741          +      748
  Other                                                  (0)       13,919       +    8,791          +   13,607
Deferred availability cash items                       (475)        3,268       +      407          +        8
Other liabilities and accrued dividends (14)                        9,268       -      134          +    5,532
                                                         
      Total liabilities                                (475)    2,034,874       +    7,829          +1,189,417
                                                         
Capital accounts                                         
Capital paid in                                                    22,560       +        4          +    3,012
Surplus                                                            21,156       +        8          +    2,685
Other capital accounts                                              1,824       -      654          -      103
                                                         
      Total capital                                                45,540       -      642          +    5,594
 

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, April 1, 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                                           1,837          66          79         158         149         251         212         220          43          63         125         180         290 
Securities, repurchase agreements, term                            
      auction credit, and other loans      1,382,945      62,256     639,301      76,798      40,455     154,960      86,614      77,338      31,390      15,759      31,090      39,077     127,906 
  Securities held outright                   782,583      32,824     278,438      34,169      29,675      70,963      77,866      69,070      27,043      14,774      28,735      32,462      86,562 
    U.S. Treasury securities (1)             492,330      20,650     175,168      21,496      18,669      44,644      48,986      43,453      17,013       9,295      18,077      20,422      54,457 
      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)                    473,907      19,877     168,613      20,691      17,970      42,973      47,153      41,827      16,377       8,947      17,401      19,658      52,419 
    Federal agency debt securities (2)        53,616       2,249      19,076       2,341       2,033       4,862       5,335       4,732       1,853       1,012       1,969       2,224       5,931 
    Mortgage-backed securities (4)           236,637       9,925      84,194      10,332       8,973      21,458      23,545      20,885       8,177       4,467       8,689       9,816      26,175 
  Repurchase agreements (5)                        0           0           0           0           0           0           0           0           0           0           0           0           0 
  Term auction credit                        467,278      23,022     238,947      42,573      10,766      83,563       8,483       6,474       4,238         749       2,331       6,275      39,859 
  Other loans                                133,084       6,409     121,916          56          14         434         266       1,793         109         236          25         340       1,486 
Net portfolio holdings of Commercial                               
  Paper Funding Facility LLC (6)             249,731           0     249,731           0           0           0           0           0           0           0           0           0           0 
Net portfolio holdings of LLCs funded                              
  through the Money Market Investor                                
  Funding Facility (7)                             0           0           0           0           0           0           0           0           0           0           0           0           0 
Net portfolio holdings of Maiden Lane                              
  LLC (8)                                     26,336           0      26,336           0           0           0           0           0           0           0           0           0           0 
Net portfolio holdings of Maiden                                   
  Lane II LLC (9)                             18,516           0      18,516           0           0           0           0           0           0           0           0           0           0 
Net portfolio holdings of Maiden                                   
  Lane III LLC (10)                           27,661           0      27,661           0           0           0           0           0           0           0           0           0           0 
Items in process of collection                   960          58           0         268         180          55        -185         112          36          63          42         214         117 
Bank premises                                  2,183         122         209          65         146         233         223         207         133         112         272         249         212 
Central bank liquidity swaps (11)            308,792      12,302      83,391      33,734      22,617      87,141      23,485      10,251       3,055       4,727       3,030       3,949      21,111 
Other assets (12)                             48,692       2,007      15,105       3,740       2,683       9,088       4,305       2,939       1,105         847       1,155       1,358       4,359 
Interdistrict settlement account                   0   +   5,071   -  72,366   -  53,236   +  12,497   -   7,680   +  25,021   +  13,587   -     751   +   1,147   +  17,513   +  17,792   +  41,405 
                                                                   
      Total assets                         2,080,889      82,421     992,772      62,064      79,253     245,087     141,063     105,777      35,427      22,947      53,641      63,553     196,884 
 

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, April 1, 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           1,044,273      37,248     368,057      40,411      45,572      79,207     132,730      87,911      30,013      20,022      29,191      62,922     110,990 
  Less: Notes held by F.R. Banks              179,756       5,276      56,443       4,723       7,569      11,820      28,565      13,126       3,670       2,826       3,299      17,378      25,060 
    Federal Reserve notes, net                864,517      31,971     311,613      35,688      38,003      67,387     104,165      74,785      26,342      17,196      25,892      45,545      85,929 
Reverse repurchase agreements (13)             67,906       2,848      24,161       2,965       2,575       6,158       6,757       5,993       2,347       1,282       2,493       2,817       7,511 
Deposits                                    1,089,916      45,490     637,091      17,861      34,860     158,551      26,105      22,749       6,073       3,139      24,520      14,186      99,290 
  Depository institutions                     837,463      45,483     384,827      17,856      34,856     158,398      26,100      22,748       6,068       3,138      24,518      14,185      99,285 
  U.S. Treasury, general account               37,754           0      37,754           0           0           0           0           0           0           0           0           0           0 
  U.S. Treasury, supplementary                                      
    financing account                         199,934           0     199,934           0           0           0           0           0           0           0           0           0           0 
  Foreign official                                846           2         816           4           3          11           3           1           0           1           0           1           3 
  Other                                        13,919           5      13,760           1           0         142           2           0           5           0           1           0           2 
Deferred availability cash items                3,742         126           1         616         474         238         348         383          64         354         173         247         717 
Other liabilities and accrued                                                 
  dividends (14)                                9,268         161       6,714         195         187         497         358         289         154         107         121         169         316 
                                                                    
      Total liabilities                     2,035,349      80,597     979,581      57,325      76,099     232,831     137,733     104,199      34,980      22,078      53,199      62,964     193,764 
                                                                    
Capital                                                             
Capital paid in                                22,560         909       6,363       2,380       1,587       6,162       1,645         769         217         485         214         286       1,545 
Surplus                                        21,156         844       5,687       2,315       1,552       5,981       1,612         704         210         324         208         271       1,449 
Other capital                                   1,824          72       1,142          44          15         113          74         106          21          59          21          32         127 
                                                                    
      Total liabilities and capital         2,080,889      82,421     992,772      62,064      79,253     245,087     141,063     105,777      35,427      22,947      53,641      63,553     196,884 
                              
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, April 1, 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
Apr 1, 2009
                                                                                            
Federal Reserve notes outstanding                                                              1,044,273 
  Less: Notes held by F.R. Banks not subject to collateralization                                179,756 
    Federal Reserve notes to be collateralized                                                   864,517 
Collateral held against Federal Reserve notes                                                    864,517 
  Gold certificate account                                                                        11,037 
  Special drawing rights certificate account                                                       2,200 
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                       721,161 
  Other assets pledged                                                                           130,119 
                                                                                            
Memo:                                                                                       
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                           782,583 
  Less: Face value of securities under reverse repurchase agreements                              61,422 
    U.S. Treasury, agency debt, and mortgage-backed securities                              
    eligible to be pledged                                                                       721,161 
   
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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