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FEDERAL RESERVE statistical release
H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
September 17, 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 Sep 16, 2009 Sep 9, 2009 Sep 17, 2008 Sep 16, 2009
Reserve Bank credit 2,088,554 + 18,966 +1,155,924 2,125,180
Securities held outright (1) 1,532,747 + 31,378 +1,052,929 1,570,018
U.S. Treasury securities 758,053 + 4,518 + 278,235 759,803
Bills (2) 18,423 0 - 3,317 18,423
Notes and bonds, nominal (2) 689,318 + 4,536 + 277,587 691,074
Notes and bonds, inflation-indexed (2) 44,588 0 + 4,756 44,588
Inflation compensation (3) 5,725 - 17 - 790 5,718
Federal agency debt securities (2) 123,992 + 1,416 + 123,992 125,159
Mortgage-backed securities (4) 650,702 + 25,445 + 650,702 685,056
Repurchase agreements (5) 0 0 - 124,500 0
Term auction credit 196,020 - 16,090 + 46,020 196,020
Other loans 111,490 + 4,337 + 63,521 111,879
Primary credit 28,681 - 1,693 + 7,083 28,199
Secondary credit 561 - 20 + 553 558
Seasonal credit 113 + 6 + 17 118
Primary dealer and other broker-dealer credit (6) 0 0 - 20,268 0
Asset-Backed Commercial Paper Money Market
Mutual Fund Liquidity Facility 79 0 + 79 79
Credit extended to American International
Group, Inc., net (7) 39,428 + 537 + 33,428 39,371
Term Asset-Backed Securities Loan Facility 42,629 + 5,508 + 42,629 43,555
Other credit extensions 0 0 0 0
Net portfolio holdings of Commercial Paper
Funding Facility LLC (8) 44,779 - 2,360 + 44,779 42,974
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) 26,114 + 31 - 3,219 26,146
Net portfolio holdings of Maiden Lane II LLC (11) 14,639 - 41 + 14,639 14,649
Net portfolio holdings of Maiden Lane III LLC (12) 20,516 + 86 + 20,516 20,545
Float -2,057 - 162 - 987 -2,358
Central bank liquidity swaps (13) 61,101 - 506 - 899 61,101
Other Federal Reserve assets (14) 83,205 + 2,294 + 43,126 84,207
Gold stock 11,041 0 0 11,041
Special drawing rights certificate account 2,200 0 0 2,200
Treasury currency outstanding (15) 42,469 - 82 + 3,794 42,449
Total factors supplying reserve funds 2,144,264 + 18,884 +1,159,718 2,180,871
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 Sep 16, 2009 Sep 9, 2009 Sep 17, 2008 Sep 16, 2009
Currency in circulation (15) 914,350 - 1,568 + 82,049 914,179
Reverse repurchase agreements (16) 66,951 + 425 + 21,208 68,934
Foreign official and international accounts 66,951 + 425 + 21,208 68,934
Dealers 0 0 0 0
Treasury cash holdings 266 + 10 - 1 277
Deposits with F.R. Banks, other than reserve balances 234,973 + 11,203 + 220,607 278,897
U.S. Treasury, general account 25,346 + 8,548 + 20,405 72,399
U.S. Treasury, supplementary financing account 199,932 0 + 199,932 199,932
Foreign official 2,358 - 156 + 2,190 2,369
Service-related 3,866 - 211 - 3,494 3,866
Required clearing balances 3,866 - 211 - 3,494 3,866
Adjustments to compensate for float 0 0 0 0
Other 3,470 + 3,022 + 1,573 330
Other liabilities and capital (17) 60,096 + 644 + 15,227 59,601
Total factors, other than reserve balances,
absorbing reserve funds 1,276,635 + 10,713 + 339,089 1,321,887
Reserve balances with Federal Reserve Banks 867,629 + 8,171 + 820,629 858,984
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. Includes outstanding principal and capitalized interest net of unamortized deferred commitment fees and
allowance for loan restructuring. Excludes credit extended to consolidated LLCs.
8. Refer to table 7 and the note on consolidation accompanying table 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
Sep 16, 2009 Sep 9, 2009 Sep 17, 2008 Sep 16, 2009
Marketable securities held in custody for foreign
official and international accounts (1) 2,842,801 + 15,002 + 433,946 2,852,457
U.S. Treasury securities 2,068,794 + 18,744 + 619,181 2,080,631
Federal agency securities (2) 774,007 - 3,742 - 185,235 771,826
Securities lent to dealers 9,883 - 2,152 - 115,791 10,420
Overnight facility (3) 9,883 - 2,152 + 1,479 10,420
U.S. Treasury securities 9,649 - 2,163 + 1,245 10,166
Federal agency debt securities 234 + 11 + 234 254
Term facility (4) 0 0 - 117,270 0
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. U.S. Treasury securities only. Fully collateralized by U.S. Treasury securities, federal agency securities, and other highly rated debt securities.
2. Maturity Distribution of Term Auction Credit, Other Loans, and Securities, September 16, 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 73,404 122,616 --- --- --- --- 196,020
Other loans (1) 21,923 7,030 0 82,926 0 --- 111,879
U.S. Treasury securities (2)
Holdings 14,121 23,767 58,477 317,171 206,079 140,188 759,803
Weekly changes - 668 + 918 + 433 - 757 + 38 + 2,067 + 2,031
Federal agency debt securities (3)
Holdings 0 30 17,583 79,367 26,162 2,017 125,159
Weekly changes - 750 + 30 + 1,953 - 109 + 919 0 + 2,043
Mortgage-backed securities (4)
Holdings 0 0 0 0 0 685,056 685,056
Weekly changes 0 0 0 0 0 + 59,778 + 59,778
Commercial paper held by
Commercial Paper Funding
Facility LLC (5) 1,716 36,815 0 --- --- --- 38,531
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) 47,419 13,682 0 0 0 0 61,101
Reverse repurchase agreements (7) 68,934 0 --- --- --- --- 68,934
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 Sep 16, 2009
Mortgage-backed securities held outright (1) 685,056
Commitments to buy mortgage-backed securities (2) 149,775
Commitments to sell mortgage-backed securities (2) 3,370
Cash and cash equivalents (3) 194
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 Sep 16, 2009
Net portfolio holdings of Maiden Lane LLC (1) 26,146
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) 371
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3) 1,230
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 June 30, 2009. Any assets purchased after this valuation date
are initially recorded at cost until their estimated fair value as of the purchase date becomes available.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement
of condition consistent with consolidation under generally accepted accounting principles. Refer to
the note on consolidation accompanying table 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 Sep 16, 2009
Net portfolio holdings of Maiden Lane II LLC (1) 14,649
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 16,587
Accrued interest payable to the Federal Reserve Bank of New York (2) 207
Deferred payment and accrued interest payable to subsidiaries of American International
Group, Inc. (3) 1,027
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 June 30, 2009. Any assets purchased after this valuation date
are initially recorded at cost until their estimated fair value as of the purchase date becomes available.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement
of condition consistent with consolidation under generally accepted accounting principles. Refer to the
note on consolidation accompanying table 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 Sep 16, 2009
Net portfolio holdings of Maiden Lane III LLC (1) 20,545
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 19,574
Accrued interest payable to the Federal Reserve Bank of New York (2) 272
Outstanding principal amount and accrued interest on loan payable to American International
Group, Inc. (3) 5,144
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 June 30, 2009. Any assets purchased after this valuation date
are initially recorded at cost until their estimated fair value as of the purchase date becomes available.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement
of condition consistent with consolidation under generally accepted accounting principles. Refer to the
note on consolidation accompanying table 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 Sep 16, 2009
Commercial paper holdings, net (1) 38,397
Other investments, net 4,577
Net portfolio holdings of Commercial Paper Funding Facility LLC 42,974
Memorandum: Commercial paper holdings, face value 38,531
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 38,278
Accrued interest payable to the Federal Reserve Bank of New York (2) 13
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 Sep 16, 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 Sep 16, 2009 Sep 9, 2009 Sep 17, 2008
Assets
Gold certificate account 11,037 0 0
Special drawing rights certificate account 2,200 0 0
Coin 1,937 + 17 + 469
Securities, repurchase agreements, term auction
credit, and other loans 1,877,917 + 53,212 +1,028,784
Securities held outright (1) 1,570,018 + 63,852 +1,090,179
U.S. Treasury securities 759,803 + 2,031 + 279,964
Bills (2) 18,423 0 - 3,317
Notes and bonds, nominal (2) 691,074 + 2,049 + 279,343
Notes and bonds, inflation-indexed (2) 44,588 0 + 4,756
Inflation compensation (3) 5,718 - 19 - 818
Federal agency debt securities (2) 125,159 + 2,043 + 125,159
Mortgage-backed securities (4) 685,056 + 59,778 + 685,056
Repurchase agreements (5) 0 0 - 98,000
Term auction credit 196,020 - 16,090 + 46,020
Other loans 111,879 + 5,450 - 9,415
Net portfolio holdings of Commercial Paper
Funding Facility LLC (6) 42,974 - 2,693 + 42,974
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) 26,146 + 37 - 3,221
Net portfolio holdings of Maiden Lane II LLC (9) 14,649 + 12 + 14,649
Net portfolio holdings of
Maiden Lane III LLC (10) 20,545 + 34 + 20,545
Items in process of collection (471) 213 - 386 - 695
Bank premises 2,218 + 2 + 50
Central bank liquidity swaps (11) 61,101 - 506 - 899
Other assets (12) 81,966 + 2,186 + 43,722
Total assets (471) 2,142,903 + 51,914 +1,146,378
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 Sep 16, 2009 Sep 9, 2009 Sep 17, 2008
Liabilities
Federal Reserve notes, net of F.R. Bank holdings 873,940 - 2,739 + 77,846
Reverse repurchase agreements (13) 68,934 + 3,060 + 22,301
Deposits (0) 1,137,858 + 52,113 +1,031,813
Depository institutions 862,827 - 15,168 + 773,725
U.S. Treasury, general account 72,399 + 67,899 + 66,887
U.S. Treasury, supplementary financing account 199,932 0 + 199,932
Foreign official 2,369 - 335 + 2,267
Other (0) 330 - 283 - 11,000
Deferred availability cash items (471) 2,571 - 912 - 43
Other liabilities and accrued dividends (14) 8,321 + 141 + 4,517
Total liabilities (471) 2,091,623 + 51,662 +1,136,433
Capital accounts
Capital paid in 24,875 + 92 + 4,664
Surplus 21,356 + 8 + 2,840
Other capital accounts 5,049 + 152 + 2,441
Total capital 51,280 + 252 + 9,945
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, September 16, 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 1,937 60 73 161 147 261 239 243 36 60 133 210 314
Securities, repurchase agreements, term
auction credit, and other loans 1,877,917 37,922 882,152 31,797 65,991 58,739 190,628 174,235 63,526 26,514 72,660 76,051 197,702
Securities held outright (1) 1,570,018 30,118 613,681 24,357 62,028 56,579 189,165 169,893 61,507 25,992 70,869 75,913 189,914
U.S. Treasury securities 759,803 14,575 296,988 11,788 30,018 27,381 91,546 82,219 29,766 12,579 34,297 36,738 91,908
Bills (2) 18,423 353 7,201 286 728 664 2,220 1,994 722 305 832 891 2,228
Notes and bonds (3) 741,380 14,222 289,787 11,502 29,290 26,717 89,326 80,225 29,044 12,274 33,465 35,847 89,680
Federal agency debt securities (2) 125,159 2,401 48,922 1,942 4,945 4,510 15,080 13,544 4,903 2,072 5,650 6,052 15,140
Mortgage-backed securities (4) 685,056 13,141 267,771 10,628 27,065 24,687 82,540 74,130 26,838 11,341 30,923 33,123 82,867
Repurchase agreements (5) 0 0 0 0 0 0 0 0 0 0 0 0 0
Term auction credit 196,020 7,567 159,332 7,364 3,963 1,970 1,190 3,303 1,958 369 1,778 126 7,102
Other loans 111,879 238 109,138 76 0 191 273 1,040 61 153 12 12 686
Net portfolio holdings of Commercial
Paper Funding Facility LLC (6) 42,974 0 42,974 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) 26,146 0 26,146 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of Maiden
Lane II LLC (9) 14,649 0 14,649 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of Maiden
Lane III LLC (10) 20,545 0 20,545 0 0 0 0 0 0 0 0 0 0
Items in process of collection 684 43 0 116 115 45 -34 50 34 92 74 51 98
Bank premises 2,218 121 237 69 146 239 223 206 134 111 269 250 212
Central bank liquidity swaps (11) 61,101 2,512 15,075 6,888 4,618 17,794 4,795 2,093 624 965 619 806 4,311
Other assets (12) 81,966 2,136 28,901 3,766 4,104 9,503 8,649 6,828 2,440 1,341 2,770 3,037 8,490
Interdistrict settlement account 0 + 17,633 + 34,378 + 14,468 - 19,035 + 196,110 - 51,831 - 71,106 - 29,729 - 6,704 - 31,107 - 13,778 - 39,299
Total assets 2,143,373 60,955 1,069,898 57,798 56,657 283,721 154,192 113,672 37,465 22,606 45,819 67,347 173,244
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, September 16, 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 1,060,759 35,282 388,136 39,473 44,769 82,489 131,506 85,615 30,912 19,628 28,696 62,929 111,323
Less: Notes held by F.R. Banks 186,819 4,798 59,202 7,033 8,868 12,123 26,181 13,805 4,442 3,190 3,544 17,023 26,609
Federal Reserve notes, net 873,940 30,484 328,934 32,440 35,901 70,366 105,325 71,810 26,470 16,438 25,152 45,906 84,714
Reverse repurchase agreements (13) 68,934 1,322 26,944 1,069 2,723 2,484 8,306 7,459 2,701 1,141 3,112 3,333 8,338
Deposits 1,137,858 27,027 693,967 18,542 14,078 196,265 36,352 31,949 7,473 3,139 16,643 16,887 75,536
Depository institutions 862,827 27,020 419,096 18,538 14,074 196,181 36,349 31,902 7,467 3,139 16,641 16,887 75,533
U.S. Treasury, general account 72,399 0 72,399 0 0 0 0 0 0 0 0 0 0
U.S. Treasury, supplementary
financing account 199,932 0 199,932 0 0 0 0 0 0 0 0 0 0
Foreign official 2,369 2 2,340 4 3 11 3 1 0 1 0 1 3
Other 330 5 199 0 1 72 0 45 5 0 1 0 1
Deferred availability cash items 3,042 94 0 316 410 108 294 231 70 340 225 349 604
Other liabilities and accrued
dividends (14) 8,321 156 4,771 179 252 500 581 501 228 138 212 264 537
Total liabilities 2,092,094 59,084 1,054,616 52,547 53,365 269,724 150,858 111,950 36,941 21,197 45,343 66,739 169,729
Capital
Capital paid in 24,875 921 7,293 2,603 1,613 7,002 1,556 782 237 711 210 273 1,675
Surplus 21,356 844 5,885 2,316 1,551 5,982 1,612 704 209 324 207 271 1,450
Other capital 5,049 106 2,104 332 128 1,013 167 237 78 374 58 63 390
Total liabilities and capital 2,143,373 60,955 1,069,898 57,798 56,657 283,721 154,192 113,672 37,465 22,606 45,819 67,347 173,244
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, September 16, 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
Sep 16, 2009
Federal Reserve notes outstanding 1,060,759
Less: Notes held by F.R. Banks not subject to collateralization 186,819
Federal Reserve notes to be collateralized 873,940
Collateral held against Federal Reserve notes 873,940
Gold certificate account 11,037
Special drawing rights certificate account 2,200
U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 860,703
Other assets pledged 0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 1,570,018
Less: Face value of securities under reverse repurchase agreements 68,843
U.S. Treasury, agency debt, and mortgage-backed securities
eligible to be pledged 1,501,174
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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