Federal Reserve Statistical Release, H.4.1, Factors Affecting Reserve Balances; title with eagle logo links to Statistical Release home page
Release Date:   August 26, 2010
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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

August 26, 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 25, 2010
Week ended
Aug 25, 2010		 Change from week ended
Aug 18, 2010 Aug 26, 2009
Reserve Bank credit 2,294,145 - 8,361 + 236,167 2,284,055
    Securities held outright 1 2,051,160 - 990 + 572,218 2,044,167
        U.S. Treasury securities 782,829 + 5,462 + 42,341 784,498
            Bills 2 18,423 0 0 18,423
            Notes and bonds, nominal 2 717,857 + 5,473 + 46,035 719,530
            Notes and bonds, inflation-indexed 2 41,129 0 - 3,459 41,129
            Inflation compensation 3 5,421 - 10 - 235 5,417
        Federal agency debt securities 2 156,907 - 718 + 42,718 156,502
        Mortgage-backed securities 4 1,111,424 - 5,734 + 487,160 1,103,167
    Repurchase agreements 5 0 0 0 0
    Term auction credit 0 0 - 221,081 0
    Other loans 57,879 - 4,030 - 48,109 56,383
        Primary credit 28 + 16 - 29,953 4
        Secondary credit 1 + 1 - 623 0
        Seasonal credit 93 + 11 - 30 90
        Asset-Backed Commercial Paper Money Market
            Mutual Fund Liquidity Facility		 0 0 - 108 0
        Credit extended to American International
            Group, Inc., net 6		 20,090 - 3,421 - 19,220 19,444
        Term Asset-Backed Securities Loan Facility 7 37,667 - 638 + 1,825 36,846
        Other credit extensions 0 0 0 0
    Net portfolio holdings of Commercial Paper
        Funding Facility LLC 8		 0 - 1 - 52,086 0
    Net portfolio holdings of Maiden Lane LLC 9 28,982 - 54 + 2,995 28,990
    Net portfolio holdings of Maiden Lane II LLC 10 15,976 + 14 + 1,121 16,030
    Net portfolio holdings of Maiden Lane III LLC 11 23,325 + 22 + 2,448 23,327
    Net portfolio holdings of TALF LLC 12 570 + 30 + 570 575
    Preferred interests in AIA Aurora LLC and ALICO
        Holdings LLC 13		 25,733 0 + 25,733 25,733
    Float -1,672 + 92 - 30 -1,666
    Central bank liquidity swaps 14 39 - 395 - 60,171 39
    Other Federal Reserve assets 15 92,153 - 3,050 + 12,558 90,478
Gold stock 11,041 0 0 11,041
Special drawing rights certificate account 5,200 0 + 3,000 5,200
Treasury currency outstanding 16 43,317 + 14 + 832 43,317
 
Total factors supplying reserve funds 2,353,703 - 8,347 + 239,998 2,343,613
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 25, 2010
Week ended
Aug 25, 2010		 Change from week ended
Aug 18, 2010 Aug 26, 2009
Currency in circulation 16 946,276 - 631 + 36,324 947,290
Reverse repurchase agreements 17 60,433 + 300 - 6,874 61,115
    Foreign official and international accounts 60,433 + 506 - 6,874 61,115
    Dealers 0 - 206 0 0
Treasury cash holdings 221 + 12 - 52 239
Deposits with F.R. Banks, other than reserve balances 225,537 - 15,747 - 8,948 212,764
    Term deposits held by depository institutions 2,119 0 + 2,119 2,119
    U.S. Treasury, general account 18,823 - 9,520 - 7,450 5,889
    U.S. Treasury, supplementary financing account 199,954 - 1 + 22 199,954
    Foreign official 1,691 - 192 - 1,645 1,910
    Service-related 2,458 - 1 - 2,159 2,458
        Required clearing balances 2,458 - 1 - 2,157 2,458
        Adjustments to compensate for float 0 0 - 2 0
    Other 491 - 6,035 + 165 433
Other liabilities and capital 18 72,043 - 144 + 12,587 71,351
 
Total factors, other than reserve balances,
    absorbing reserve funds		 1,304,510 - 16,210 + 33,038 1,292,759
 
Reserve balances with Federal Reserve Banks 1,049,193 + 7,863 + 206,960 1,050,854
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 25, 2010
Week ended
Aug 25, 2010		 Change from week ended
Aug 18, 2010 Aug 26, 2009
Marketable securities held in custody for foreign
    official and international accounts 1		 3,197,200 + 21,273 + 372,578 3,196,541
    U.S. Treasury securities 2,375,792 + 21,139 + 332,589 2,380,203
    Federal agency securities 2 821,408 + 134 + 39,989 816,338
Securities lent to dealers 5,407 + 890 - 8,161 8,009
    Overnight facility 3 5,407 + 890 - 8,161 8,009
        U.S. Treasury securities 4,011 + 908 - 9,364 6,690
        Federal agency debt securities 1,397 - 18 + 1,204 1,319
    Term facility 4 0 0 0 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 25, 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 81 13 0 56,290 0 ... 56,383
U.S. Treasury securities 2  
    Holdings 18,673 11,210 53,293 342,808 219,689 138,825 784,498
    Weekly changes + 3,867 - 3,867 - 1 + 1,348 + 3,606 - 5 + 4,949
Federal agency debt securities 3  
    Holdings 0 8,324 38,402 74,683 32,746 2,347 156,502
    Weekly changes - 709 + 816 + 68 - 884 0 0 - 709
Mortgage-backed securities 4  
    Holdings 0 0 0 29 20 1,103,118 1,103,167
    Weekly changes 0 0 0 - 1 0 - 9,849 - 9,850
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 38 1 0 0 0 0 39
   
Reverse repurchase agreements 7 61,115 0 ... ... ... ... 61,115
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 25, 2010
Mortgage-backed securities held outright 1 1,103,167
 
Commitments to buy mortgage-backed securities 2 0
Commitments to sell mortgage-backed securities 2 0
 
Cash and cash equivalents 3 56
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 25, 2010
Net portfolio holdings of Maiden Lane LLC 1 28,990
 
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York 2 28,281
Accrued interest payable to the Federal Reserve Bank of New York 2 546
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. 3 1,291
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 25, 2010
Net portfolio holdings of Maiden Lane II LLC 1 16,030
 
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 2 390
Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc. 3 1,059
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 25, 2010
Net portfolio holdings of Maiden Lane III LLC 1 23,327
 
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 2 481
Outstanding principal amount and accrued interest on loan payable to American International Group, Inc. 3 5,305
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 25, 2010
Commercial paper holdings, net 1 0
Other investments, net 0
Net portfolio holdings of Commercial Paper Funding Facility LLC 0
 
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 25, 2010
Asset-backed securities holdings 1 0
Other investments, net 575
Net portfolio holdings of TALF LLC 575
 
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 25, 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 2 197
 
Preferred interests in AIA Aurora LLC 1 16,469
Accrued dividends on preferred interests in AIA Aurora LLC 2 126
 
Preferred interests in ALICO Holdings LLC 1 9,264
Accrued dividends on preferred interests in ALICO Holdings LLC 2 71
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 25, 2010		 Change since
Wednesday
Aug 18, 2010		 Wednesday
Aug 26, 2009
Assets  
    Gold certificate account   11,037 0 0
    Special drawing rights certificate account   5,200 0 + 3,000
    Coin   2,069 + 8 + 154
    Securities, repurchase agreements, term auction
        credit, and other loans		   2,100,550 - 11,148 + 288,493
        Securities held outright 1   2,044,167 - 5,611 + 559,033
            U.S. Treasury securities   784,498 + 4,949 + 39,620
                Bills 2   18,423 0 0
                Notes and bonds, nominal 2   719,530 + 4,959 + 43,354
                Notes and bonds, inflation-indexed 2   41,129 0 - 3,459
                Inflation compensation 3   5,417 - 10 - 274
            Federal agency debt securities 2   156,502 - 709 + 39,110
            Mortgage-backed securities 4   1,103,167 - 9,850 + 480,303
        Repurchase agreements 5   0 0 0
        Term auction credit   0 0 - 221,081
        Other loans   56,383 - 5,538 - 49,459
    Net portfolio holdings of Commercial Paper
        Funding Facility LLC 6		   0 0 - 48,997
    Net portfolio holdings of Maiden Lane LLC 7   28,990 + 9 + 2,976
    Net portfolio holdings of Maiden Lane II LLC 8   16,030 + 63 + 1,087
    Net portfolio holdings of Maiden Lane III LLC 9   23,327 + 3 + 2,439
    Net portfolio holdings of TALF LLC 10   575 + 35 + 575
    Preferred interests in AIA Aurora LLC and ALICO
        Holdings LLC 11		   25,733 0 + 25,733
    Items in process of collection (85) 319 + 48 - 130
    Bank premises   2,229 + 2 + 10
    Central bank liquidity swaps 12   39 - 395 - 60,171
    Other assets 13   88,278 - 1,317 + 11,054
 
Total assets (85) 2,304,376 - 12,693 + 226,223
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 25, 2010		 Change since
Wednesday
Aug 18, 2010		 Wednesday
Aug 26, 2009
Liabilities  
    Federal Reserve notes, net of F.R. Bank holdings   906,277 - 479 + 35,868
    Reverse repurchase agreements 14   61,115 + 930 - 7,014
    Deposits (0) 1,263,647 - 12,948 + 185,203
        Term deposits held by depository institutions   2,119 0 + 2,119
        Other deposits held by depository institutions   1,053,342 + 11,547 + 191,387
        U.S. Treasury, general account   5,889 - 24,328 - 6,939
        U.S. Treasury, supplementary financing account   199,954 - 1 + 22
        Foreign official   1,910 - 185 - 1,498
        Other (0) 433 + 20 + 112
    Deferred availability cash items (85) 1,985 - 93 - 361
    Other liabilities and accrued dividends 15   15,040 + 107 + 6,784
 
Total liabilities (85) 2,248,065 - 12,482 + 220,480
 
Capital accounts  
    Capital paid in   26,722 + 29 + 1,940
    Surplus   25,845 + 6 + 4,514
    Other capital accounts   3,743 - 246 - 712
 
Total capital   56,311 - 211 + 5,743
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 25, 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 2,069 63 70 163 151 303 197 321 30 58 149 217 346
    Securities, repurchase agreements,
        term auction credit, and other
        loans		 2,100,550 51,731 890,418 47,737 69,452 232,809 193,454 154,105 52,681 28,014 70,125 85,847 224,176
        Securities held outright 1 2,044,167 51,731 834,128 47,737 69,452 232,809 193,435 154,102 52,654 27,984 70,123 85,836 224,176
            U.S. Treasury securities 784,498 19,853 320,117 18,320 26,654 89,346 74,235 59,140 20,207 10,740 26,911 32,941 86,033
                Bills 2 18,423 466 7,517 430 626 2,098 1,743 1,389 475 252 632 774 2,020
                Notes and bonds 3 766,075 19,387 312,599 17,890 26,028 87,248 72,492 57,752 19,733 10,487 26,279 32,168 84,013
            Federal agency debt securities 2 156,502 3,961 63,861 3,655 5,317 17,824 14,809 11,798 4,031 2,142 5,369 6,572 17,163
            Mortgage-backed securities 4 1,103,167 27,917 450,151 25,762 37,481 125,639 104,390 83,164 28,416 15,102 37,843 46,322 120,980
        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 56,383 0 56,290 0 0 1 19 3 27 30 2 12 0
    Net portfolio holdings of Commercial
        Paper Funding Facility LLC 6		 0 0 0 0 0 0 0 0 0 0 0 0 0
    Net portfolio holdings of Maiden
        Lane LLC 7		 28,990 0 28,990 0 0 0 0 0 0 0 0 0 0
    Net portfolio holdings of Maiden
        Lane II LLC 8		 16,030 0 16,030 0 0 0 0 0 0 0 0 0 0
    Net portfolio holdings of Maiden
        Lane III LLC 9		 23,327 0 23,327 0 0 0 0 0 0 0 0 0 0
    Net portfolio holdings of TALF LLC 10 575 0 575 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 404 13 0 24 88 10 130 33 19 12 14 28 34
    Bank premises 2,229 123 257 69 143 238 219 210 135 108 266 248 212
    Central bank liquidity swaps 12 39 1 11 4 3 11 2 1 0 1 0 1 3
    Other assets 13 88,278 2,526 33,261 4,306 3,985 14,114 7,469 5,306 1,858 1,573 2,363 2,998 8,519
    Interdistrict settlement account 0 + 4,017 + 102,646 + 23,398 - 15,329 + 11,401 - 44,315 - 37,288 - 13,888 + 9,620 - 17,407 + 211 - 23,066
 
Total assets 2,304,461 59,041 1,127,173 76,315 59,193 260,144 159,194 124,000 41,310 39,680 55,958 90,484 211,968
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 25, 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 1,140,985 40,976 390,978 46,063 46,630 90,557 145,779 88,179 33,426 20,389 34,071 77,425 126,514
        Less: Notes held by F.R. Banks 234,708 4,258 100,175 5,485 10,031 14,991 31,998 13,555 4,664 5,637 3,495 12,968 27,451
            Federal Reserve notes, net 906,277 36,718 290,803 40,578 36,599 75,566 113,781 74,624 28,761 14,752 30,576 64,456 99,063
    Reverse repurchase agreements 14 61,115 1,547 24,938 1,427 2,076 6,960 5,783 4,607 1,574 837 2,097 2,566 6,702
    Deposits 1,263,647 18,633 784,323 28,256 15,938 164,108 35,751 42,795 10,241 22,012 22,523 22,268 96,799
        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		 1,053,342 18,584 575,469 28,252 15,920 163,905 35,588 42,226 10,240 22,005 22,487 22,205 96,463
        U.S. Treasury, general account 5,889 0 5,889 0 0 0 0 0 0 0 0 0 0
        U.S. Treasury, supplementary
            financing account		 199,954 0 199,954 0 0 0 0 0 0 0 0 0 0
        Foreign official 1,910 1 1,882 4 3 11 2 1 0 1 0 1 3
        Other 433 21 242 0 1 96 0 63 1 0 1 0 7
    Deferred availability cash items 2,070 62 0 183 457 84 108 171 60 317 105 77 445
    Other liabilities and accrued
        dividends 15		 15,040 198 11,273 222 256 757 536 434 188 140 194 273 568
 
Total liabilities 2,248,150 57,157 1,111,338 70,667 55,327 247,476 155,960 122,632 40,824 38,057 55,494 89,641 203,577
 
Capital  
    Capital paid in 26,722 916 7,653 2,834 1,919 5,439 1,550 641 216 807 211 399 4,138
    Surplus 25,845 945 7,641 2,803 1,911 7,141 1,581 621 239 712 210 353 1,688
    Other capital 3,743 22 541 11 38 89 103 107 30 105 42 91 2,565
 
Total liabilities and capital 2,304,461 59,041 1,127,173 76,315 59,193 260,144 159,194 124,000 41,310 39,680 55,958 90,484 211,968
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 25, 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 25, 2010
Federal Reserve notes outstanding 1,140,985
    Less: Notes held by F.R. Banks not subject to collateralization 234,708
        Federal Reserve notes to be collateralized 906,277
Collateral held against Federal Reserve notes 906,277
    Gold certificate account 11,037
    Special drawing rights certificate account 5,200
    U.S. Treasury, agency debt, and mortgage-backed securities pledged 1,2 890,040
    Other assets pledged 0
Memo:  
Total U.S. Treasury, agency debt, and mortgage-backed securities 1,2 2,044,167
    Less: Face value of securities under reverse repurchase agreements 58,758
        U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 1,985,409
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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Last update: August 26, 2010