Federal Reserve Statistical Release, H.4.1, Factors Affecting Reserve Balances; title with eagle logo links to Statistical Release home page
Release Date: May 7, 2009
Release dates | Historical data
Current release  Other formats: Screen reader | ASCII | PDF (21 KB)

For release at
4:30 p.m. EDT
May 7, 2009


The weekly average value of net portfolio holdings of Maiden Lane LLC, Maiden Lane II LLC, and 
Maiden Lane III LLC shown in table 1 reflect holdings from Thursday, April 30, 2009 through 
Wednesday, May 6, 2009.  The holdings for the first six days of this reporting week are based on the 
values as of December 31, 2008.  The holdings for the final day of the reporting week are based on 
values as of March 31, 2009, the quarterly revaluation date.  The fair value of the net portfolio 
holdings is updated quarterly.

FEDERAL RESERVE statistical release

H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
                                                                                                May 7, 2009
1. Factors Affecting Reserve Balances of Depository Institutions
Millions of dollars
Reserve Bank credit, related items, and                            Averages of daily figures
reserve balances of depository institutions at            Week ended   Change from week ended     Wednesday
Federal Reserve Banks                                     May 6, 2009 Apr 29, 2009  May 7, 2008  May 6, 2009

Reserve Bank credit                                       2,041,376   -   46,202   +1,172,936    2,061,935
  Securities held outright                                  989,502   +   12,691   +  447,107      997,895       
    U.S. Treasury securities (1)                            554,088   +   11,079   +   11,693      560,601
      Bills (2)                                              18,423            0   -   47,329       18,423
      Notes and bonds, nominal (2)                          489,801   +   10,762   +   57,270      496,305
      Notes and bonds, inflation-indexed (2)                 41,253   +      277   +    2,082       41,253
      Inflation compensation (3)                              4,611   +       40   -      331        4,620
    Federal agency debt securities (2)                       69,579   +    3,505   +   69,579       71,474
    Mortgage-backed securities (4)                          365,835   -    1,893   +  365,835      365,820
  Repurchase agreements (5)                                       0            0   -  119,571            0
  Term auction credit                                       403,573            0   +  303,573      403,573  
  Other loans                                               104,138   -      400   +   75,930      121,037
    Primary credit                                           40,941   -    3,847   +   29,286       39,591
    Secondary credit                                              6   -       34   +        6            5
    Seasonal credit                                               4   +        3   -       32            3
    Primary dealer and other broker-dealer credit (6)           643   -    4,836   -   15,874          600
    Asset-Backed Commercial Paper Money Market
      Mutual Fund Liquidity Facility                         10,670   +    7,308   +   10,670       28,961
    Credit extended to American International
      Group, Inc. (7)                                        45,496   +    1,007   +   45,496       45,498
    Term Asset-Backed Securities Loan Facility                6,379            0   +    6,379        6,379
    Other credit extensions                                       0            0            0            0
  Net portfolio holdings of Commercial Paper 
    Funding Facility LLC (8)                                164,740   -   58,180   +  164,740      168,480
  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)             26,384   -      100   +   26,384       25,672
  Net portfolio holdings of Maiden Lane II LLC (11)          18,016   -      248   +   18,016       16,143
  Net portfolio holdings of Maiden Lane III LLC (12)         26,416   -    1,016   +   26,416       20,219
  Float                                                      -2,252   -       11   -      748       -3,242
  Central bank liquidity swaps (13)                         249,302   -      913   +  213,302      249,302
  Other Federal Reserve assets (14)                          61,556   +    1,974   +   17,787       62,856
Gold stock                                                   11,041            0            0       11,041
Special drawing rights certificate account                    2,200            0            0        2,200
Treasury currency outstanding (15)                           42,304   +       14   +    3,555       42,304
       
Total factors supplying reserve funds                     2,096,921   -   46,188   +1,176,491    2,117,480

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


1. Factors Affecting Reserve Balances of Depository Institutions (continued)
Millions of dollars
Reserve Bank credit, related items, and                            Averages of daily figures
reserve balances of depository institutions at            Week ended   Change from week ended     Wednesday
Federal Reserve Banks                                     May 6, 2009 Apr 29, 2009  May 7, 2008  May 6, 2009

Currency in circulation (15)                                903,823   +    2,145   +   89,508      905,986
Reverse repurchase agreements (16)                           66,325   +      129   +   27,559       65,144
  Foreign official and international accounts                66,325   +      129   +   27,559       65,144
  Dealers                                                         0            0            0            0
Treasury cash holdings                                          308   -       17   +       31          290
Deposits with F.R. Banks, other than reserve balances       294,130   +    3,073   +  281,464      277,524       
  U.S. Treasury, general account                             87,083   +    2,309   +   81,892       70,683
  U.S. Treasury, supplementary financing account            199,929            0   +  199,929      199,929
  Foreign official                                            1,664   +       30   +    1,567        1,210
  Service-related                                             4,343   +        1   -    2,747        4,343
    Required clearing balances                                4,343   +        1   -    2,747        4,343
    Adjustments to compensate for float                           0            0            0            0
  Other                                                       1,110   +      732   +      823        1,359
Other liabilities and capital (17)                           55,234   -    1,268   +   11,749       47,282

Total factors, other than reserve balances,                                        
   absorbing reserve funds                                1,319,819   +    4,062   +  410,310    1,296,227

Reserve balances with Federal Reserve Banks                 777,101   -   50,251   +  766,180      821,254
                                                                
Note: Components may not sum to totals because of rounding.

1. Includes securities lent to dealers under the overnight and term securities lending facilities; refer
   to table 1A.  
2. Face value of the securities. 
3. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed
   securities.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae.  Current face value of the securities, which is 
   the remaining principal balance of the underlying mortgages.  
5. Cash value of agreements.
6. Includes credit extended through the Primary Dealer Credit Facility and credit extended to certain
   other broker-dealers.
7. Excludes credit extended to consolidated LLCs.
8. Refer to table 7 and the note on consolidation accompanying table 10.
9. Refer to table 8 and the note on consolidation accompanying table 10.
10. Refer to table 4 and the note on consolidation accompanying table 10.
11. Refer to table 5 and the note on consolidation accompanying table 10.
12. Refer to table 6 and the note on consolidation accompanying table 10.
13. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when 
    the foreign currency is returned to the foreign central bank.  This exchange rate equals the market exchange 
    rate used when the foreign currency was acquired from the foreign central bank.
14. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates.
15. Estimated.
16. Cash value of agreements, which are collateralized by U.S. Treasury securities.
17. Includes the liabilities of Commercial Paper Funding Facility LLC, the LLCs funded through the Money Market 
    Investor Funding Facility, Maiden Lane LLC, Maiden Lane II LLC, and Maiden Lane III LLC to entities other 
    than the Federal Reserve Bank of New York, including liabilities that have recourse only to the portfolio 
    holdings of these LLCs.  Refer to table 4 through table 8 and the note on consolidation accompanying table 10.

Sources: Federal Reserve Banks and the U.S. Department of the Treasury.


1A. Memorandum Items 
Millions of dollars
                                                                   Averages of daily figures
Memorandum item                                           Week ended   Change from week ended     Wednesday
                                                          May 6, 2009 Apr 29, 2009  May 7, 2008  May 6, 2009

Marketable securities held in custody for foreign
      official and international accounts (1)             2,660,156   +    9,550   +  380,414    2,662,210
  U.S. Treasury securities                                1,848,471   +    7,304   +  501,710    1,850,084
  Federal agency securities (2)                             811,685   +    2,246   -  121,296      812,127
Securities lent to dealers                                   37,835   -      840   -  127,069       35,927   
  Overnight facility (3)                                      5,285   -      840   -   16,964        3,377
  Term facility (4)                                          32,550            0   -  110,105       32,550

Note: Components may not sum to totals because of rounding.

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

    
   


2. Maturity Distribution of Term Auction Credit, Other Loans, and Securities,        May 6, 2009
Millions of dollars

Remaining maturity                 Within 15  16 days to  91 days to  Over 1 year  Over 5 years  Over 10       All
                                      days     90 days      1 year     to 5 years   to 10 years   years 
Term auction credit                  218,107     185,466         ---          ---           ---        ---     403,573
Other loans (1)                       34,309      34,738          113      51,877           ---        ---     121,037
U.S. Treasury securities (2) 
  Holdings                            28,564      13,720       64,996     216,934       127,410    108,976     560,601
  Weekly changes                  +   12,649  -   13,546   -      128  +      133    +    9,407 +    3,037  +   11,555
Federal agency debt securities (3) 
  Holdings                                 0         196        4,770      49,829        16,297        382      71,474
  Weekly changes                           0           0   +      791  +    2,201    +      324          0  +    3,316
Mortgage-backed securities (4)    
  Holdings                                 0           0            0           0             0    365,820     365,820
  Weekly changes                           0           0            0           0             0 -      333  -      333
Commercial paper held by
  Commercial Paper Funding 
  Facility LLC (5)                    21,335     144,667            0         ---           ---        ---     166,002
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)     165,640      83,662            0           0             0          0     249,302

Reverse repurchase agreements (7)     65,144           0          ---         ---           ---        ---      65,144
  
Note: Components may not sum to totals because of rounding.
---   Not applicable.

1. Excludes the loans from the Federal Reserve Bank of New York (FRBNY) to Commercial Paper Funding Facility LLC, the 
   LLCs funded through the Money Market Investor Funding Facility, Maiden Lane LLC, Maiden Lane II LLC, and Maiden 
   Lane III LLC.  The loans were eliminated when preparing the FRBNY's statement of condition consistent with 
   consolidation under generally accepted accounting principles.
2. Face value.  For inflation-indexed securities, includes the original face value and compensation that adjusts for 
   the effect of inflation on the original face value of such securities.
3. Face value.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae.  Current face value of the securities, which is the remaining 
   principal balance of the underlying mortgages.
5. Face value of commercial paper held by Commercial Paper Funding Facility LLC.
6. Face value of money market instruments held by LLCs funded through the Money Market Investor Funding Facility.
7. Cash value of agreements.
8. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign 
   currency is returned to the foreign central bank.  This exchange rate equals the market exchange rate used when the 
   foreign currency was acquired from the foreign central bank.


3. Supplemental Information on Mortgage-Backed Securities Purchase Program
Millions of dollars
                                                                                                  Wednesday
Account name                                                                                     May 6, 2009

Mortgage-backed securities held outright (1)                                                       365,820

Commitments to buy mortgage-backed securities (2)                                                  263,639
Commitments to sell mortgage-backed securities (2)                                                 205,860

Cash and cash equivalents (3)                                                                            7

1. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae.  Current face value of the securities, which is the
   remaining principal balance of the underlying mortgages.
2. Current face value.  Generally settle within 180 days and include commitments associated with outright
   transactions as well as dollar rolls.
3. This amount is included in other Federal Reserve assets in table 1 and in other assets in table 9 and table 10.


4. Information on Principal Accounts of Maiden Lane LLC
Millions of dollars
                                                                                                  Wednesday
Account name                                                                                     May 6, 2009
         
Net portfolio holdings of Maiden Lane LLC (1)                                                       25,672

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)                                   318
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3)        1,208
 
1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if
   the transaction were to be conducted in an orderly market on the measurement date.  Revalued quarterly. 
   This table reflects valuations as of     March 31, 2009.  Any assets purchased after this valuation date 
   are initially recorded at cost until their estimated fair value as of the purchase date becomes available.
2. Book value.  This amount was eliminated when preparing the Federal Reserve Bank of New York's statement
   of condition consistent with consolidation under generally accepted accounting principles.  Refer to
   the note on consolidation accompanying table 10.
3. Book value.  The fair value of these obligations is included in other liabilities and capital in table 1 
   and in other liabilities and accrued dividends in table 9 and table 10.

Note:  On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended credit to Maiden Lane LLC 
under the authority of section 13(3) of the Federal Reserve Act.  This limited liability company was formed 
to acquire certain assets of Bear Stearns and to manage those assets through time to maximize repayment of 
the credit extended and to minimize disruption to financial markets.  Payments by Maiden Lane LLC from the 
proceeds of the net portfolio holdings will be made in the following order: operating expenses of the LLC, 
principal due to the FRBNY, interest due to the FRBNY, principal due to JPMorgan Chase & Co., and interest 
due to JPMorgan Chase & Co.  Any remaining funds will be paid to the FRBNY.



5. Information on Principal Accounts of Maiden Lane II LLC
Millions of dollars
                                                                                                   Wednesday
Account name                                                                                      May 6, 2009

Net portfolio holdings of Maiden Lane II LLC (1)                                                     16,143

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)            17,877
Accrued interest payable to the Federal Reserve Bank of New York (2)                                    123
Deferred payment and accrued interest payable to subsidiaries of American International 
  Group, Inc. (3)                                                                                     1,015

1. Fair value.  Fair value reflects an estimate of the price that would be received upon selling an asset if 
   the transaction were to be conducted in an orderly market on the measurement date.  Revalued quarterly.  
   This table reflects valuations as of     March 31, 2009.  Any assets purchased after this valuation date 
   are initially recorded at cost until their estimated fair value as of the purchase date becomes available.
2. Book value.  This amount was eliminated when preparing the Federal Reserve Bank of New York's statement 
   of condition consistent with consolidation under generally accepted accounting principles.  Refer to the 
   note on consolidation accompanying table 10.
3. Book value.  The deferred payment represents the portion of the proceeds of the net portfolio holdings due 
   to subsidiaries of American International Group, Inc. in accordance with the asset purchase agreement.  
   The fair value of this payment and accrued interest payable are included in other liabilities and capital 
   in table 1 and in other liabilities and accrued dividends in table 9 and table 10.

Note:  On December 12, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden 
Lane II LLC under the authority of section 13(3) of the Federal Reserve Act.  This limited liability company 
was formed to purchase residential mortgage-backed securities from the U.S. securities lending reinvestment 
portfolio of subsidiaries of American International Group, Inc. (AIG subsidiaries).  Payments by Maiden 
Lane II LLC from the proceeds of the net portfolio holdings will be made in the following order:  operating 
expenses of Maiden Lane II LLC, principal due to the FRBNY, interest due to the FRBNY, and deferred payment 
and interest due to AIG subsidiaries.  Any remaining funds will be shared by the FRBNY and AIG subsidiaries.


6. Information on Principal Accounts of Maiden Lane III LLC
Millions of dollars
                                                                                                   Wednesday
Account name                                                                                      May 6, 2009

Net portfolio holdings of Maiden Lane III LLC (1)                                                    20,219

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)            22,992
Accrued interest payable to the Federal Reserve Bank of New York (2)                                    168
Outstanding principal amount and accrued interest on loan payable to American International
  Group, Inc. (3)                                                                                     5,083

1. Fair value.  Fair value reflects an estimate of the price that would be received upon selling an asset if 
   the transaction were to be conducted in an orderly market on the measurement date.  Revalued quarterly.  
   This table reflects valuations as of     March 31, 2009.  Any assets purchased after this valuation date 
   are initially recorded at cost until their estimated fair value as of the purchase date becomes available.
2. Book value.  This amount was eliminated when preparing the Federal Reserve Bank of New York's statement 
   of condition consistent with consolidation under generally accepted accounting principles.  Refer to the 
   note on consolidation accompanying table 10.
3. Book value.  The fair value of these obligations is included in other liabilities and capital in table 1 
   and in other liabilities and accrued dividends in table 9 and table 10.

Note: On November 25, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden Lane 
III LLC under the authority of section 13(3) of the Federal Reserve Act.  This limited liability company was 
formed to purchase multi-sector collateralized debt obligations (CDOs) on which the Financial Products group 
of American International Group, Inc. (AIG) has written credit default swap (CDS) contracts.  In connection 
with the purchase of CDOs, the CDS counterparties will concurrently unwind the related CDS transactions.  
Payments by Maiden Lane III LLC from the proceeds of the net portfolio holdings will be made in the following 
order: operating expenses of Maiden Lane III LLC, principal due to the FRBNY, interest due to the FRBNY, 
principal due to AIG, and interest due to AIG.  Any remaining funds will be shared by the FRBNY and AIG.


7. Information on Principal Accounts of Commercial Paper Funding Facility LLC
Millions of dollars
                                                                                                   Wednesday
Account name                                                                                      May 6, 2009

Commercial paper holdings, net (1)                                                                  164,991
Other investments, net                                                                                3,489
Net portfolio holdings of Commercial Paper Funding Facility LLC                                     168,480

Memorandum: Commercial paper holdings, face value                                                   166,002

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)           164,981
Accrued interest payable to the Federal Reserve Bank of New York (2)                                     37

1. Book value, which includes amortized cost and related fees.
2. Book value.  This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of 
   condition consistent with consolidation under generally accepted accounting principles.  Refer to the 
   note on consolidation accompanying table 10.

Note: On October 27, 2008, the Federal Reserve Bank of New York began extending loans under the authority of 
section 13(3) of the Federal Reserve Act to Commercial Paper Funding Facility LLC.  This LLC is a limited 
liability company formed to purchase three-month U.S. dollar-denominated commercial paper from eligible issuers 
and thereby foster liquidity in short-term funding markets and increase the availability of credit for 
businesses and households.


8. Information on Principal Accounts of LLCs Funded through the Money Market Investor Funding Facility 
Millions of dollars
                                                                                                   Wednesday
Account name                                                                                      May 6, 2009

Money market instrument holdings, net (1)                                                                 0
Other investments, net                                                                                    0
Net portfolio holdings of LLCs funded through the Money Market Investor Funding Facility                  0

Memorandum: Money market instrument holdings, face value                                                  0

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                 0
Accrued interest payable to the Federal Reserve Bank of New York (2)                                      0
Commercial paper issued by LLCs funded through the Money Market Investor Funding Facility, 
  net of related discounts                                                                                0

1. Book value, which includes amortized cost.
2. Book value.  This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of 
   condition consistent with consolidation under generally accepted accounting principles.  Refer to the note 
   on consolidation accompanying table 10.

Note:  The Federal Reserve Board authorized the Federal Reserve Bank of New York to extend credit under the 
authority of section 13(3) of the Federal Reserve Act to a series of limited liability companies funded through 
the Money Market Investor Funding Facility (MMIFF).  The MMIFF became operational on November 24, 2008.  These 
limited liability companies were established to purchase short-term U.S. dollar-denominated certificates of 
deposit, bank notes, and outstanding asset-backed commercial paper from eligible issuers.  Such purchases are 
designed to foster liquidity in short-term money markets.


9. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of dollars
                                                 Eliminations                          Change since
                                                     from       Wednesday        Wednesday        Wednesday
Assets, liabilities, and capital                consolidation  May 6, 2009     Apr 29, 2009      May 7, 2008

Assets
Gold certificate account                                           11,037                0                0
Special drawing rights certificate account                          2,200                0                0
Coin                                                                1,901       +       22       +      470
Securities, repurchase agreements, term auction
      credit, and other loans                                   1,522,505       +   34,043       +  727,502
  Securities held outright                                        997,895       +   14,537       +  461,181
    U.S. Treasury securities (1)                                  560,601       +   11,555       +   23,887       
      Bills (2)                                                    18,423                0       -   47,329
      Notes and bonds, nominal (2)                                496,305       +   11,248       +   69,487
      Notes and bonds, inflation-indexed (2)                       41,253       +      277       +    2,082
      Inflation compensation (3)                                    4,620       +       30       -      353
    Federal agency debt securities (2)                             71,474       +    3,316       +   71,474
    Mortgage-backed securities (4)                                365,820       -      333       +  365,820
  Repurchase agreements (5)                                             0                0       -  130,500    
  Term auction credit                                             403,573                0       +  303,573
  Other loans                                                     121,037       +   19,506       +   93,248
Net portfolio holdings of Commercial Paper 
  Funding Facility LLC (6)                                        168,480       -   13,315       +  168,480
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)                      25,672       -      830       +   25,672
Net portfolio holdings of Maiden Lane II LLC (9)                   16,143       -    2,185       +   16,143
Net portfolio holdings of 
  Maiden Lane III LLC (10)                                         20,219       -    7,230       +   20,219
Items in process of collection                         (694)          915       +      211       -      410
Bank premises                                                       2,194       -       10       +       49
Central bank liquidity swaps (11)                                 249,302       -      211       +  213,302
Other assets (12)                                                  60,688       +    2,613       +   19,091
     
      Total assets                                     (694)    2,081,257       +   13,108       +1,190,519

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


9. Consolidated Statement of Condition of All Federal Reserve Banks (continued)
Millions of dollars
                                                 Eliminations                          Change since
                                                     from       Wednesday        Wednesday        Wednesday
Assets, liabilities, and capital                consolidation  May 6, 2009     Apr 29, 2009      May 7, 2008
                         
Liabilities
Federal Reserve notes, net of F.R. Bank holdings                  865,869       +    2,783       +   86,437
Reverse repurchase agreements (13)                                 65,144       -    2,140       +   26,113
Deposits                                                 (0)    1,098,804       +   20,661       +1,073,341       
  Depository institutions                                         825,623       +   12,693       +  806,257
  U.S. Treasury, general account                                   70,683       +    7,873       +   64,953
  U.S. Treasury, supplementary financing account                  199,929                0       +  199,929
  Foreign official                                                  1,210       -      757       +    1,114
  Other                                                  (0)        1,359       +      853       +    1,088
Deferred availability cash items                       (694)        4,158       +    1,109       +    1,094
Other liabilities and accrued dividends (14)                        5,931       -    3,778       +    2,284

      Total liabilities                                (694)    2,039,906       +   18,636       +1,189,269
                          
Capital accounts
Capital paid in                                                    23,001       +       18       +    3,378
Surplus                                                            17,247       -    3,943       -    1,232
Other capital accounts                                              1,103       -    1,603       -      897

      Total capital                                                41,351       -    5,528       +    1,250

Note: Components may not sum to totals because of rounding.

1. Includes securities lent to dealers under the overnight and term securities lending facilities; refer
   to table 1A.
2. Face value of the securities.
3. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed
   securities.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae.  Current face value of the securities, which is 
   the remaining principal balance of the underlying mortgages. 
5. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.
6. Refer to table 7 and the note on consolidation accompanying table 10.
7. Refer to table 8 and the note on consolidation accompanying table 10.
8. Refer to table 4 and the note on consolidation accompanying table 10.
9. Refer to table 5 and the note on consolidation accompanying table 10.
10. Refer to table 6 and the note on consolidation accompanying table 10.
11. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when 
    the foreign currency is returned to the foreign central bank.  This exchange rate equals the market 
    exchange rate used when the foreign currency was acquired from the foreign central bank. 
12. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates. 
13. Cash value of agreements, which are collateralized by U.S. Treasury securities.
14. Includes the liabilities of Commercial Paper Funding Facility LLC, the LLCs funded through the Money Market 
    Investor Funding Facility, Maiden Lane LLC, Maiden Lane II LLC, and Maiden Lane III LLC to entities other 
    than the Federal Reserve Bank of New York, including liabilities that have recourse only to the portfolio 
    holdings of these LLCs.  Refer to table 4 through table 8 and the note on consolidation accompanying table 10. 


10. Statement of Condition of Each Federal Reserve Bank,        May 6, 2009
Millions of dollars
                                                                                                                                                            Kansas                 San
Assets, liabilities, and capital               Total     Boston   New York Philadelphia Cleveland   Richmond   Atlanta    Chicago   St. Louis  Minneapolis   City      Dallas   Francisco

Assets                        
Gold certificate account                      11,037        412      3,895        450        467        882      1,356        911        329        197        335        621      1,182
Special drawing rights certificate acct.       2,200        115        874         83        104        147        166        212         71         30         66         98        234
Coin                                           1,901         73         88        158        155        251        215        234         41         65        135        184        302
Securities, repurchase agreements, term
      auction credit, and other loans      1,522,505     62,909    708,167     39,730     46,913    116,601    126,014    116,041     42,974     17,553     47,321     52,513    145,769
  Securities held outright                   997,895     19,143    390,053     15,481     39,425     35,961    120,233    107,983     39,094     16,521     45,044     48,250    120,709
    U.S. Treasury securities (1)             560,601     10,754    219,125      8,697     22,148     20,202     67,545     60,663     21,962      9,281     25,305     27,106     67,812
      Bills (2)                               18,423        353      7,201        286        728        664      2,220      1,994        722        305        832        891      2,228
      Notes and bonds (3)                    542,178     10,401    211,924      8,411     21,420     19,539     65,325     58,670     21,240      8,976     24,473     26,215     65,584
    Federal agency debt securities (2)        71,474      1,371     27,937      1,109      2,824      2,576      8,612      7,734      2,800      1,183      3,226      3,456      8,646
    Mortgage-backed securities (4)           365,820      7,018    142,990      5,675     14,453     13,183     44,076     39,586     14,331      6,056     16,513     17,688     44,251
  Repurchase agreements (5)                        0          0          0          0          0          0          0          0          0          0          0          0          0
  Term auction credit                        403,573     14,622    231,813     24,056      7,488     80,031      5,523      5,969      3,764        738      2,260      3,988     23,323     
  Other loans                                121,037     29,144     86,301        193          0        610        259      2,089        116        294         17        275      1,738
Net portfolio holdings of Commercial
  Paper Funding Facility LLC (6)             168,480          0    168,480          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)                                     25,672          0     25,672          0          0          0          0          0          0          0          0          0          0
Net portfolio holdings of Maiden
  Lane II LLC (9)                             16,143          0     16,143          0          0          0          0          0          0          0          0          0          0
Net portfolio holdings of Maiden
  Lane III LLC (10)                           20,219          0     20,219          0          0          0          0          0          0          0          0          0          0
Items in process of collection                 1,609         45          0        482         93        112        227        112        220         58         33         89        138
Bank premises                                  2,194        122        215         66        146        235        222        207        135        112        271        249        213
Central bank liquidity swaps (11)            249,302     10,231     61,847     28,055     18,809     72,471     19,531      8,525      2,541      3,931      2,520      3,284     17,557
Other assets (12)                             60,688      1,694     20,730      3,220      3,203      8,257      6,214      4,686      1,684        997      1,887      2,087      6,029
Interdistrict settlement account                   0  +   8,025  +  11,483  -  11,768  -   1,372  +  22,578  -  12,138  -  28,853  -  11,751  -     894  -      66  +   1,587  +  23,169

      Total assets                         2,081,951     83,626  1,037,813     60,476     68,518    221,533    141,808    102,076     36,244     22,049     52,502     60,711    194,593

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


10. Statement of Condition of Each Federal Reserve Bank,        May 6, 2009 (continued)
Millions of dollars
                                                                                                                                                            Kansas                 San
Assets, liabilities, and capital                Total     Boston   New York Philadelphia Cleveland   Richmond   Atlanta    Chicago   St. Louis  Minneapolis   City      Dallas   Francisco

Liabilities                         
Federal Reserve notes outstanding           1,049,577     36,860    373,135     39,967     45,200     78,682    133,791     87,539     31,189     20,042     29,030     63,206    110,935
  Less: Notes held by F.R. Banks              183,707      4,761     59,392      4,926      7,509     12,072     28,064     12,865      3,950      3,013      3,529     18,857     24,768
    Federal Reserve notes, net                865,869     32,099    313,743     35,041     37,691     66,611    105,727     74,674     27,238     17,029     25,501     44,349     86,167
Reverse repurchase agreements (13)             65,144      1,250     25,463      1,011      2,574      2,348      7,849      7,049      2,552      1,078      2,941      3,150      7,880
Deposits                                    1,098,804     48,180    687,235     18,474     24,410    139,087     24,005     17,893      5,521      2,517     23,223     12,126     96,133
  Depository institutions                     825,623     48,170    414,216     18,469     24,407    138,962     24,002     17,891      5,515      2,513     23,221     12,126     96,130
  U.S. Treasury, general account               70,683          0     70,683          0          0          0          0          0          0          0          0          0          0
  U.S. Treasury, supplementary
    financing account                         199,929          0    199,929          0          0          0          0          0          0          0          0          0          0
  Foreign official                              1,210          2      1,181          4          3         11          3          1          0          1          0          1          3
  Other                                         1,359          8      1,226          0          0        113          0          1          5          3          1          0          0
Deferred availability cash items                4,852        137          0      1,035        457        198        424        483        264        392        262        322        877
Other liabilities and accrued                 
  dividends (14)                                5,931        141      3,230        172        203        483        412        332        166        111        137        189        357
   
      Total liabilities                     2,040,600     81,807  1,029,671     55,733     65,334    208,726    138,418    100,431     35,741     21,128     52,063     60,135    191,414
                              
Capital                    
Capital paid in                                23,001        912      6,364      2,379      1,589      6,530      1,659        793        240        487        205        278      1,566
Surplus                                        17,247        844      1,777      2,316      1,552      5,981      1,612        704        210        324        208        271      1,449
Other capital                                   1,103         64          0         48         43        296        120        149         54        110         27         27        165

      Total liabilities and capital         2,081,951     83,626  1,037,813     60,476     68,518    221,533    141,808    102,076     36,244     22,049     52,502     60,711    194,593
                              
Note: Components may not sum to totals because of rounding.  Footnotes appear at the end of the table.


10. Statement of Condition of Each Federal Reserve Bank,        May 6, 2009 (continued)

1. Includes securities lent to dealers under the overnight and term securities lending facilities; refer to table 1A.
2. Face value of the securities.
3. Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face value of such securities.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae.  Current face value of the securities, which is the remaining principal balance of the underlying mortgages. 
5. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.
6. Refer to table 7 and the note on consolidation below.
7. Refer to table 8 and the note on consolidation below.
8. Refer to table 4 and the note on consolidation below.
9. Refer to table 5 and the note on consolidation below.
10. Refer to table 6 and the note on consolidation below.
11. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank.  This 
    exchange rate equals the market exchange rate used when the foreign currency was acquired from the foreign central bank.
12. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates.
13. Cash value of agreements, which are collateralized by U.S. Treasury securities.
14. Includes the liabilities of Commercial Paper Funding Facility LLC, the LLCs funded through the Money Market Investor Funding Facility, Maiden Lane LLC, Maiden Lane II LLC, and  Maiden 
    Lane III LLC to entities other than the Federal Reserve Bank of New York, including liabilities that have recourse only to the portfolio holdings of these LLCs.  Refer to table 4 through 
    table 8 and the note on consolidation below.

Note on consolidation:

The Federal Reserve Bank of New York (FRBNY) has extended loans to several limited liability companies under the authority of section 13(3) of the Federal Reserve Act. On June 26, 2008, 
a loan was extended to Maiden Lane LLC, which was formed to acquire certain assets of Bear Stearns.  On October 27, 2008, the FRBNY began extending loans to Commercial Paper Funding 
Facility LLC, which was formed to purchase three-month U.S. dollar-denominated commercial paper from eligible issuers. On October 21, 2008, the Federal Reserve Board authorized the FRBNY 
to extend credit to a series of LLCs funded through the Money Market Investor Funding Facility.  These LLCs, which became operational on November 24, 2008, were established to purchase 
short-term U.S. dollar-denominated certificates of deposit, bank notes, and commercial paper from eligible issuers.  On November 25, 2008, a loan was extended to Maiden Lane III LLC, 
which was formed to purchase multi-sector collateralized debt obligations on which the Financial Products group of the American International Group, Inc. has written credit default swap 
contracts.  On December 12, 2008, a loan was extended to Maiden Lane II LLC, which was formed to purchase residential mortgage-backed securities from the U.S. securities lending 
reinvestment portfolio of subsidiaries of American International Group, Inc.

The FRBNY is the sole beneficiary of Commercial Paper Funding Facility LLC and the primary beneficiary of the other LLCs cited above. Consistent with generally accepted accounting principles, 
the assets and liabilities of these LLCs have been consolidated with the assets and liabilities of the FRBNY in the preparation of the statements of condition shown on this release.  As a 
consequence of the consolidation, the extensions of credit from the FRBNY to the LLCs are eliminated, the net assets of the LLCs appear as assets on the previous page (and in table 1 and 
table 9), and the liabilities of the LLCs to entities other than the FRBNY, including those with recourse only to the portfolio holdings of the LLCs, are included in other liabilities in 
this table (and table 1 and table 9).


11. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts
Millions of dollars

Federal Reserve notes and collateral                                                              Wednesday
                                                                                                 May 6, 2009
              
Federal Reserve notes outstanding                                                                1,049,577
  Less: Notes held by F.R. Banks not subject to collateralization                                  183,707
    Federal Reserve notes to be collateralized                                                     865,869 
Collateral held against Federal Reserve notes                                                      865,869
  Gold certificate account                                                                          11,037
  Special drawing rights certificate account                                                         2,200
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                         852,633
  Other assets pledged                                                                                   0

Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                             997,895
  Less: Face value of securities under reverse repurchase agreements                                62,461
    U.S. Treasury, agency debt, and mortgage-backed securities
    eligible to be pledged                                                                         935,434
   
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.

Release dates | Historical data
Current release  Other formats: Screen reader | ASCII | PDF (21 KB)

Statistical releases