Federal Reserve Statistical Release, H.4.1, Factors Affecting Reserve Balances; title with eagle logo links to Statistical Release home page
Release Date:   August 12, 2010
Release dates | Historical data | Data Download Program (DDP) | About | Announcements
Current release  Other formats: Screen reader | ASCII | PDF (21 KB)

Try data download now image link

FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks

August 12, 2010
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
Aug 11, 2010
Week ended
Aug 11, 2010
Change from week ended
Aug 4, 2010 Aug 12, 2009
Reserve Bank credit 2,308,988 - 142 + 319,671 2,310,364
    Securities held outright 1 2,054,510 + 477 + 681,818 2,055,848
        U.S. Treasury securities 777,012 - 10 + 56,102 777,009
            Bills 2 18,423 0 0 18,423
            Notes and bonds, nominal 2 712,020 0 + 59,582 712,020
            Notes and bonds, inflation-indexed 2 41,129 0 - 3,459 41,129
            Inflation compensation 3 5,441 - 10 - 21 5,437
        Federal agency debt securities 2 159,381 0 + 50,485 159,381
        Mortgage-backed securities 4 1,118,117 + 488 + 575,232 1,119,459
    Repurchase agreements 5 0 0 0 0
    Term auction credit 0 0 - 233,598 0
    Other loans 62,374 - 1,514 - 43,603 62,225
        Primary credit 14 - 22 - 33,920 1
        Secondary credit 1 + 1 - 804 0
        Seasonal credit 79 - 4 - 26 80
        Asset-Backed Commercial Paper Money Market
            Mutual Fund Liquidity Facility
0 0 - 113 0
        Credit extended to American International
            Group, Inc., net 6
23,512 - 73 - 17,677 23,674
        Term Asset-Backed Securities Loan Facility 7 38,768 - 1,416 + 8,937 38,470
        Other credit extensions 0 0 0 0
    Net portfolio holdings of Commercial Paper
        Funding Facility LLC 8
1 0 - 60,027 1
    Net portfolio holdings of Maiden Lane LLC 9 29,454 + 27 + 3,500 29,469
    Net portfolio holdings of Maiden Lane II LLC 10 15,958 - 214 + 1,143 15,961
    Net portfolio holdings of Maiden Lane III LLC 11 23,231 - 319 + 2,472 23,299
    Net portfolio holdings of TALF LLC 12 540 0 + 540 540
    Preferred interests in AIA Aurora LLC and ALICO
        Holdings LLC 13
25,733 0 + 25,733 25,733
    Float -1,761 - 78 + 384 -2,020
    Central bank liquidity swaps 14 1,246 0 - 75,037 1,246
    Other Federal Reserve assets 15 97,703 + 1,480 + 16,347 98,062
Gold stock 11,041 0 0 11,041
Special drawing rights certificate account 5,200 0 + 3,000 5,200
Treasury currency outstanding 16 43,252 + 14 + 769 43,252
 
Total factors supplying reserve funds 2,368,481 - 128 + 323,439 2,369,857
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
Aug 11, 2010
Week ended
Aug 11, 2010
Change from week ended
Aug 4, 2010 Aug 12, 2009
Currency in circulation 16 946,348 + 1,658 + 34,727 947,902
Reverse repurchase agreements 17 59,980 - 2,175 - 10,324 58,548
    Foreign official and international accounts 59,748 - 2,407 - 10,556 57,963
    Dealers 231 + 231 + 231 585
Treasury cash holdings 199 - 11 - 87 207
Deposits with F.R. Banks, other than reserve balances 243,397 + 8,299 - 14,983 233,845
    Term deposits held by depository institutions 2,119 0 + 2,119 2,119
    U.S. Treasury, general account 36,113 + 8,736 - 12,104 26,932
    U.S. Treasury, supplementary financing account 199,957 - 3 + 24 199,957
    Foreign official 2,082 - 656 - 1,332 2,013
    Service-related 2,457 0 - 2,662 2,457
        Required clearing balances 2,457 0 - 2,662 2,457
        Adjustments to compensate for float 0 0 0 0
    Other 669 + 220 - 1,028 367
Other liabilities and capital 18 73,401 - 633 + 15,768 73,611
 
Total factors, other than reserve balances,
    absorbing reserve funds
1,323,325 + 7,138 + 25,101 1,314,113
 
Reserve balances with Federal Reserve Banks 1,045,156 - 7,266 + 298,338 1,055,744
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 outstanding principal and capitalized interest net of unamortized deferred commitment fees and allowance for loan restructuring. Excludes credit extended to consolidated LLCs.
7. 
Includes credit extended by the Federal Reserve Bank of New York to eligible borrowers through the Term Asset-Backed Securities Loan Facility.
8. 
Refer to table 7 and the note on consolidation accompanying table 11.
9. 
Refer to table 4 and the note on consolidation accompanying table 11.
10. 
Refer to table 5 and the note on consolidation accompanying table 11.
11. 
Refer to table 6 and the note on consolidation accompanying table 11.
12. 
Refer to table 8 and the note on consolidation accompanying table 11.
13. 
Refer to table 9.
14. 
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.
15. 
Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates, accrued dividends on the Federal Reserve Bank of New York's (FRBNY) preferred interests in AIA Aurora LLC and ALICO Holdings LLC, and the fair value adjustment to credit extended by the FRBNY to eligible borrowers through the Term Asset-Backed Securities Loan Facility.
16. 
Estimated.
17. 
Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.
18. 
Includes the liabilities of Commercial Paper Funding Facility LLC, Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF 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 11.

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
Aug 11, 2010
Week ended
Aug 11, 2010
Change from week ended
Aug 4, 2010 Aug 12, 2009
Marketable securities held in custody for foreign
    official and international accounts 1
3,164,488 + 10,583 + 348,871 3,174,357
    U.S. Treasury securities 2,334,184 + 11,432 + 301,789 2,341,620
    Federal agency securities 2 830,304 - 849 + 47,082 832,738
Securities lent to dealers 3,592 - 486 - 9,657 4,322
    Overnight facility 3 3,592 - 486 - 6,957 4,322
        U.S. Treasury securities 2,359 - 573 - 8,014 3,040
        Federal agency debt securities 1,232 + 86 + 1,056 1,282
    Term facility 4 0 0 - 2,700 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 Securities, Loans, and Selected Other Assets and Liabilities, August 11, 2010
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
Other loans 1 28 54 0 62,144 0 ... 62,225
U.S. Treasury securities 2  
    Holdings 19,072 13,043 53,289 331,813 215,945 143,846 777,009
    Weekly changes + 2,156 - 2,157 - 1 - 2 - 2 - 5 - 10
Federal agency debt securities 3  
    Holdings 2,879 6,821 37,246 77,342 32,746 2,347 159,381
    Weekly changes + 709 - 709 0 0 0 0 0
Mortgage-backed securities 4  
    Holdings 0 0 0 30 20 1,119,408 1,119,459
    Weekly changes 0 0 0 0 0 + 1,724 + 1,725
Commercial paper held by
    Commercial Paper Funding
    Facility LLC 5
0 0 0 ... ... ... 0
Asset-backed securities held by
    TALF LLC 6
0 0 0 0 0 0 0
Repurchase agreements 7 0 0 ... ... ... ... 0
Central bank liquidity swaps 8 1,242 4 0 0 0 0 1,246
   
Reverse repurchase agreements 7 58,548 0 ... ... ... ... 58,548
Term deposits 0 2,119 0 ... ... ... 2,119
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, Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF 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 asset-backed securities held by TALF LLC, which is the remaining principal balance of the underlying assets.
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
Aug 11, 2010
Mortgage-backed securities held outright 1 1,119,459
 
Commitments to buy mortgage-backed securities 2 820
Commitments to sell mortgage-backed securities 2 0
 
Cash and cash equivalents 3 679
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, dollar rolls, and coupon swaps.
3. 
This amount is included in other Federal Reserve assets in table 1 and in other assets in table 10 and table 11.

4. Information on Principal Accounts of Maiden Lane LLC
Millions of dollars
Account name Wednesday
Aug 11, 2010
Net portfolio holdings of Maiden Lane LLC 1 29,469
 
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York 2 28,790
Accrued interest payable to the Federal Reserve Bank of New York 2 537
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. 3 1,288
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, 2010. 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 11.
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 10 and table 11.

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
Aug 11, 2010
Net portfolio holdings of Maiden Lane II LLC 1 15,961
 
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York 2 13,873
Accrued interest payable to the Federal Reserve Bank of New York 2 383
Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc. 3 1,058
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, 2010. 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 11.
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 10 and table 11.

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
Aug 11, 2010
Net portfolio holdings of Maiden Lane III LLC 1 23,299
 
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York 2 15,107
Accrued interest payable to the Federal Reserve Bank of New York 2 473
Outstanding principal amount and accrued interest on loan payable to American International Group, Inc. 3 5,298
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, 2010. 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 11.
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 10 and table 11.

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
Aug 11, 2010
Commercial paper holdings, net 1 0
Other investments, net 1
Net portfolio holdings of Commercial Paper Funding Facility LLC 1
 
Memorandum: Commercial paper 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
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 11.

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 TALF LLC
Millions of dollars
Account name Wednesday
Aug 11, 2010
Asset-backed securities holdings 1 0
Other investments, net 540
Net portfolio holdings of TALF LLC 540
 
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
Funding provided by U.S. Treasury to TALF LLC, including accrued interest payable 3 105
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.
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 11.
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 10 and table 11.

Note: On November 25, 2008, the Federal Reserve announced the creation of the Term Asset-Backed Securities Loan Facility (TALF) under the authority of section 13(3) of the Federal Reserve Act. The TALF is a facility under which the Federal Reserve Bank of New York (FRBNY) extends loans with a term of up to five years to holders of eligible asset-backed securities. The TALF is intended to assist financial markets in accommodating the credit needs of consumers and businesses by facilitating the issuance of asset-backed securities collateralized by a variety of consumer and business loans. The loans provided through the TALF to eligible borrowers are non-recourse, meaning that the obligation of the borrower can be discharged by surrendering the collateral to the FRBNY. The loans are extended for the market value of the security less an amount known as a haircut. As a result, the borrower bears the initial risk of a decline in the value of the security.


TALF LLC is a limited liability company formed to purchase and manage any asset-backed securities received by the FRBNY in connection with the decision of a borrower not to repay a TALF loan. TALF LLC has committed, for a fee, to purchase all asset-backed securities received by the FRBNY in conjunction with a TALF loan at a price equal to the TALF loan plus accrued but unpaid interest. Losses on asset-backed securities held by TALF LLC will be offset in the following order: by the commitment fees collected by TALF LLC, by the interest received on investments of TALF LLC, by up to $4.3 billion in subordinated debt funding provided by the U.S. Treasury, and finally, by senior debt funding provided by the FRBNY. Payments by TALF LLC from the proceeds of its net portfolio holdings will be made in the following order: operating expenses of TALF LLC, principal due to the FRBNY, principal due to the U.S. Treasury, interest due to the FRBNY, and interest due to the U.S. Treasury. Any remaining funds will be shared by the FRBNY and the U.S. Treasury.


9. Supplemental Information on the Federal Reserve Bank of New York's Preferred Interests in
AIA Aurora LLC and ALICO Holdings LLC
Millions of dollars
Account name Wednesday
Aug 11, 2010
Preferred interests in AIA Aurora LLC and ALICO Holdings LLC 1 25,733
Accrued dividends on preferred interests in AIA Aurora LLC and ALICO Holdings LLC 2 148
 
Preferred interests in AIA Aurora LLC 1 16,469
Accrued dividends on preferred interests in AIA Aurora LLC 2 95
 
Preferred interests in ALICO Holdings LLC 1 9,264
Accrued dividends on preferred interests in ALICO Holdings LLC 2 53
Note: Components may not sum to totals because of rounding.


1. 
Book value.
2. 
This amount is included in other Federal Reserve assets in table 1 and in other assets in table 10 and table 11.

Note on preferred interests:


In conjunction with the restructuring of the government's assistance to American International Group, Inc. (AIG) announced March 2, 2009, the outstanding balance and amount available of revolving credit provided to AIG by the FRBNY has been reduced in exchange for preferred interests in two special purpose vehicles, AIA Aurora LLC and ALICO Holdings LLC. These two limited liability companies were created to directly or indirectly hold all of the outstanding common stock of American International Assurance Company Ltd. (AIA) and American Life Insurance Company (ALICO), two life insurance subsidiaries of AIG. AIG will retain control of AIA Aurora LLC and ALICO Holdings LLC, and the FRBNY will have certain consent, disposition, and conversion rights with respect to its preferred interests.


Dividends accrue as a percentage of the FRBNY's preferred interests in AIA Aurora LLC and ALICO Holdings LLC. On a quarterly basis, the accrued dividends are capitalized and added to the FRBNY's preferred interests in AIA Aurora LLC and ALICO Holdings LLC.


10. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of dollars
Assets, liabilities, and capital Eliminations from
consolidation
Wednesday
Aug 11, 2010
Change since
Wednesday
Aug 4, 2010
Wednesday
Aug 12, 2009
Assets  
    Gold certificate account   11,037 0 0
    Special drawing rights certificate account   5,200 0 + 3,000
    Coin   2,065 0 + 152
    Securities, repurchase agreements, term auction
        credit, and other loans
  2,118,074 + 173 + 393,430
        Securities held outright 1   2,055,848 + 1,714 + 673,986
            U.S. Treasury securities   777,009 - 10 + 48,035
                Bills 2   18,423 0 0
                Notes and bonds, nominal 2   712,020 0 + 51,555
                Notes and bonds, inflation-indexed 2   41,129 0 - 3,459
                Inflation compensation 3   5,437 - 11 - 61
            Federal agency debt securities 2   159,381 0 + 49,378
            Mortgage-backed securities 4   1,119,459 + 1,725 + 576,574
        Repurchase agreements 5   0 0 0
        Term auction credit   0 0 - 233,598
        Other loans   62,225 - 1,542 - 46,959
    Net portfolio holdings of Commercial Paper
        Funding Facility LLC 6
  1 0 - 58,051
    Net portfolio holdings of Maiden Lane LLC 7   29,469 + 18 + 3,481
    Net portfolio holdings of Maiden Lane II LLC 8   15,961 - 213 + 1,143
    Net portfolio holdings of Maiden Lane III LLC 9   23,299 - 282 + 2,439
    Net portfolio holdings of TALF LLC 10   540 0 + 540
    Preferred interests in AIA Aurora LLC and ALICO
        Holdings LLC 11
  25,733 0 + 25,733
    Items in process of collection (72) 216 - 107 - 246
    Bank premises   2,226 + 2 + 12
    Central bank liquidity swaps 12   1,246 0 - 73,965
    Other assets 13   95,866 + 1,456 + 15,634
 
Total assets (72) 2,330,932 + 1,047 + 313,300
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.


10. Consolidated Statement of Condition of All Federal Reserve Banks (continued)
Millions of dollars
Assets, liabilities, and capital Eliminations from
consolidation
Wednesday
Aug 11, 2010
Change since
Wednesday
Aug 4, 2010
Wednesday
Aug 12, 2009
Liabilities  
    Federal Reserve notes, net of F.R. Bank holdings   906,918 + 1,143 + 34,119
    Reverse repurchase agreements 14   58,548 - 2,359 - 9,122
    Deposits (0) 1,289,618 + 897 + 272,205
        Term deposits held by depository institutions   2,119 0 + 2,119
        Other deposits held by depository institutions   1,058,230 + 18,013 + 281,204
        U.S. Treasury, general account   26,932 - 17,081 - 8,826
        U.S. Treasury, supplementary financing account   199,957 - 3 + 24
        Foreign official   2,013 - 17 - 1,026
        Other (0) 367 - 15 - 1,290
    Deferred availability cash items (72) 2,237 - 15 - 294
    Other liabilities and accrued dividends 15   17,149 + 1,770 + 9,764
 
Total liabilities (72) 2,274,469 + 1,435 + 306,672
 
Capital accounts  
    Capital paid in   26,671 + 2 + 2,068
    Surplus   25,834 + 6 + 4,520
    Other capital accounts   3,958 - 396 + 41
 
Total capital   56,463 - 388 + 6,629
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 11.
7. 
Refer to table 4 and the note on consolidation accompanying table 11.
8. 
Refer to table 5 and the note on consolidation accompanying table 11.
9. 
Refer to table 6 and the note on consolidation accompanying table 11.
10. 
Refer to table 8 and the note on consolidation accompanying table 11.
11. 
Refer to table 9.
12. 
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.
13. 
Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates, accrued dividends on the Federal Reserve Bank of New York's (FRBNY) preferred interests in AIA Aurora LLC and ALICO Holdings LLC, and the fair value adjustment to credit extended by the FRBNY to eligible borrowers through the Term Asset-Backed Securities Loan Facility.
14. 
Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.
15. 
Includes the liabilities of Commercial Paper Funding Facility LLC, Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF 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 11.


11. Statement of Condition of Each Federal Reserve Bank, August 11, 2010
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 11,037 369 4,038 404 463 846 1,385 887 324 203 296 652 1,170
    Special drawing rights certificate acct. 5,200 196 1,818 210 237 412 654 424 150 90 153 282 574
    Coin 2,065 65 68 164 149 304 196 318 30 59 149 216 347
    Securities, repurchase agreements,
        term auction credit, and other
        loans
2,118,074 52,027 901,039 48,010 69,849 234,139 194,550 154,989 52,982 28,168 70,525 86,338 225,457
        Securities held outright 1 2,055,848 52,027 838,895 48,010 69,849 234,139 194,540 154,983 52,955 28,144 70,524 86,326 225,457
            U.S. Treasury securities 777,009 19,663 317,061 18,145 26,399 88,493 73,526 58,576 20,014 10,637 26,655 32,627 85,212
                Bills 2 18,423 466 7,517 430 626 2,098 1,743 1,389 475 252 632 774 2,020
                Notes and bonds 3 758,586 19,197 309,543 17,715 25,773 86,395 71,783 57,187 19,540 10,385 26,023 31,853 83,191
            Federal agency debt securities 2 159,381 4,033 65,036 3,722 5,415 18,152 15,082 12,015 4,105 2,182 5,467 6,692 17,479
            Mortgage-backed securities 4 1,119,459 28,330 456,798 26,143 38,034 127,494 105,932 84,392 28,835 15,325 38,402 47,007 122,767
        Repurchase agreements 5 0 0 0 0 0 0 0 0 0 0 0 0 0
        Term auction credit 0 0 0 0 0 0 0 0 0 0 0 0 0
        Other loans 62,225 1 62,144 0 0 0 10 6 27 24 1 12 0
    Net portfolio holdings of Commercial
        Paper Funding Facility LLC 6
1 0 1 0 0 0 0 0 0 0 0 0 0
    Net portfolio holdings of Maiden
        Lane LLC 7
29,469 0 29,469 0 0 0 0 0 0 0 0 0 0
    Net portfolio holdings of Maiden
        Lane II LLC 8
15,961 0 15,961 0 0 0 0 0 0 0 0 0 0
    Net portfolio holdings of Maiden
        Lane III LLC 9
23,299 0 23,299 0 0 0 0 0 0 0 0 0 0
    Net portfolio holdings of TALF LLC 10 540 0 540 0 0 0 0 0 0 0 0 0 0
    Preferred interests in AIA Aurora LLC
        and ALICO Holdings LLC 11
25,733 0 25,733 0 0 0 0 0 0 0 0 0 0
    Items in process of collection 288 17 0 27 63 12 -6 54 18 15 11 35 42
    Bank premises 2,226 123 256 69 143 238 218 209 135 108 266 248 212
    Central bank liquidity swaps 12 1,246 46 362 136 93 347 77 30 12 35 10 17 82
    Other assets 13 95,866 2,726 36,353 4,393 4,258 15,007 8,206 5,877 2,076 1,685 2,623 3,314 9,348
    Interdistrict settlement account 0 - 2,703 + 123,204 + 23,078 - 13,346 + 1,855 - 42,788 - 40,978 - 14,554 + 10,121 - 18,580 - 1,237 - 24,074
 
Total assets 2,331,004 52,867 1,162,140 76,491 61,908 253,160 162,492 121,812 41,173 40,485 55,453 89,865 213,159
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.


11. Statement of Condition of Each Federal Reserve Bank, August 11, 2010 (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 1,138,519 40,354 392,033 45,368 46,258 90,665 145,342 88,334 33,215 20,481 33,487 76,931 126,051
        Less: Notes held by F.R. Banks 231,601 4,193 101,881 5,357 9,764 14,668 30,614 12,849 4,558 5,201 3,415 12,283 26,820
            Federal Reserve notes, net 906,918 36,162 290,153 40,011 36,494 75,997 114,728 75,485 28,656 15,280 30,072 64,648 99,231
    Reverse repurchase agreements 14 58,548 1,482 23,891 1,367 1,989 6,668 5,540 4,414 1,508 802 2,008 2,458 6,421
    Deposits 1,289,618 13,001 820,113 29,021 18,691 156,705 38,090 39,737 10,200 22,231 22,520 21,445 97,865
        Term deposits held by depository
            institutions
2,119 27 886 0 15 96 161 506 0 6 34 62 327
        Other deposits held by depository
            institutions
1,058,230 12,966 590,179 29,016 18,673 156,485 37,926 39,165 10,195 22,223 22,484 21,382 97,534
        U.S. Treasury, general account 26,932 0 26,932 0 0 0 0 0 0 0 0 0 0
        U.S. Treasury, supplementary
            financing account
199,957 0 199,957 0 0 0 0 0 0 0 0 0 0
        Foreign official 2,013 1 1,984 4 3 11 2 1 0 1 0 1 3
        Other 367 7 174 0 1 112 0 65 5 0 1 0 2
    Deferred availability cash items 2,308 77 0 198 530 109 144 185 66 376 109 95 419
    Other liabilities and accrued
        dividends 15
17,149 249 12,101 267 330 992 734 606 251 171 273 367 807
 
Total liabilities 2,274,541 50,971 1,146,258 70,864 58,035 240,470 159,236 120,427 40,681 38,859 54,983 89,014 204,744
 
Capital  
    Capital paid in 26,671 916 7,631 2,807 1,919 5,440 1,551 641 216 806 212 397 4,137
    Surplus 25,834 945 7,630 2,803 1,911 7,141 1,581 621 239 712 210 353 1,688
    Other capital 3,958 34 621 17 44 109 124 124 36 107 49 101 2,590
 
Total liabilities and capital 2,331,004 52,867 1,162,140 76,491 61,908 253,160 162,492 121,812 41,173 40,485 55,453 89,865 213,159
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.


11. Statement of Condition of Each Federal Reserve Bank, August 11, 2010 (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 4 and the note on consolidation below.
8. 
Refer to table 5 and the note on consolidation below.
9. 
Refer to table 6 and the note on consolidation below.
10. 
Refer to table 8 and the note on consolidation below.
11. 
Refer to table 9.
12. 
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.
13. 
Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates, accrued dividends on the Federal Reserve Bank of New York's (FRBNY) preferred interests in AIA Aurora LLC and ALICO Holdings LLC, and the fair value adjustment to credit extended by the FRBNY to eligible borrowers through the Term Asset-Backed Securities Loan Facility.
14. 
Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.
15. 
Includes the liabilities of Commercial Paper Funding Facility LLC, Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF 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 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. On November 25, 2008, the Federal Reserve Board authorized the FRBNY to extend credit to TALF LLC, which was formed to purchase and manage any asset-backed securities received by the FRBNY in connection with the decision of a borrower not to repay a loan extended under the Term Asset-Backed Securities Loan Facility.


The FRBNY is the sole beneficiary of Commercial Paper Funding Facility LLC. The FRBNY is the primary beneficiary of TALF LLC, because of the two beneficiaries of the LLC, the FRBNY and the U.S. Treasury, the FRBNY is primarily responsible for directing the financial activities of TALF LLC. The FRBNY is the primary beneficiary of the other LLCs cited above because it will receive a majority of any residual returns of the LLCs and absorb a majority of any residual losses of the LLCs. 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 10), 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 10).


12. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts
Millions of dollars
Federal Reserve notes and collateral Wednesday
Aug 11, 2010
Federal Reserve notes outstanding 1,138,519
    Less: Notes held by F.R. Banks not subject to collateralization 231,601
        Federal Reserve notes to be collateralized 906,918
Collateral held against Federal Reserve notes 906,918
    Gold certificate account 11,037
    Special drawing rights certificate account 5,200
    U.S. Treasury, agency debt, and mortgage-backed securities pledged 1,2 890,681
    Other assets pledged 0
Memo:  
Total U.S. Treasury, agency debt, and mortgage-backed securities 1,2 2,055,848
    Less: Face value of securities under reverse repurchase agreements 56,367
        U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 1,999,481
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 | Data Download Program (DDP) | About | Announcements
Current release   Other formats: Screen reader | ASCII | PDF (21 KB)

Statistical releases