Federal Reserve Statistical Release, H.4.1, Factors Affecting Reserve Balances; title with eagle logo links to Statistical Release home page
Release Date:   March 31, 2011
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
For release on
April 14, 2011

The Board's H.4.1 statistical release ("Factors Affecting Reserve Balances of Depository Institutions
and Condition Statement of Federal Reserve Banks") for March 31, 2011 contained a
misclassification in table 2, which has been corrected. The amount of other loans with remaining
maturities of 91 days to 1 year was corrected from $0 million to $5 million, and the amount of other
loans with remaining maturities over 1 year to 5 years was corrected from $19,221 million to $19,216
million.

FEDERAL RESERVE statistical release

H.4.1

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

March 31, 2011
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
Mar 30, 2011
Week ended
Mar 30, 2011
Change from week ended
Mar 23, 2011 Mar 31, 2010
Reserve Bank credit 2,597,392 + 15,223 + 307,338 2,606,473
    Securities held outright 1 2,393,839 + 15,572 + 379,551 2,403,095
        U.S. Treasury securities 1,323,233 + 27,883 + 546,542 1,333,445
            Bills 2 18,423 0 0 18,423
            Notes and bonds, nominal 2 1,240,411 + 26,679 + 531,539 1,249,224
            Notes and bonds, inflation-indexed 2 57,649 + 1,120 + 13,872 58,993
            Inflation compensation 3 6,750 + 83 + 1,131 6,805
        Federal agency debt securities 2 132,495 - 6,428 - 36,493 132,495
        Mortgage-backed securities 4 938,111 - 5,883 - 130,498 937,155
    Repurchase agreements 5 0 0 0 0
    Term auction credit 0 0 - 3,410 0
    Other loans 19,363 - 439 - 62,451 19,254
        Primary credit 11 + 8 - 7,653 27
        Secondary credit 0 0 - 600 0
        Seasonal credit 5 - 1 + 1 5
        Credit extended to American International
            Group, Inc., net 6
0 0 - 26,222 0
        Term Asset-Backed Securities Loan Facility 7 19,346 - 446 - 27,978 19,221
        Other credit extensions 0 0 0 0
    Net portfolio holdings of Commercial Paper
        Funding Facility LLC 8
0 0 - 7,779 0
    Net portfolio holdings of Maiden Lane LLC 9 25,589 + 27 - 1,734 25,588
    Net portfolio holdings of Maiden Lane II LLC 10 15,906 + 9 + 554 15,941
    Net portfolio holdings of Maiden Lane III LLC 11 22,920 + 6 + 777 22,927
    Net portfolio holdings of TALF LLC 12 718 + 9 + 314 718
    Preferred interests in AIA Aurora LLC and ALICO
        Holdings LLC 6
0 0 - 25,150 0
    Float -1,167 + 24 + 533 -1,543
    Central bank liquidity swaps 13 0 0 0 0
    Other Federal Reserve assets 14 120,224 + 15 + 26,133 120,495
Gold stock 11,041 0 0 11,041
Special drawing rights certificate account 5,200 0 0 5,200
Treasury currency outstanding 15 43,710 + 14 + 965 43,710
 
Total factors supplying reserve funds 2,657,343 + 15,238 + 308,303 2,666,424
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
Mar 30, 2011
Week ended
Mar 30, 2011
Change from week ended
Mar 23, 2011 Mar 31, 2010
Currency in circulation 15 1,003,297 + 707 + 70,605 1,005,313
Reverse repurchase agreements 16 64,180 + 5,957 + 7,581 65,811
    Foreign official and international accounts 63,499 + 5,276 + 6,900 62,801
    Others 681 + 681 + 681 3,010
Treasury cash holdings 212 + 2 - 12 209
Deposits with F.R. Banks, other than reserve balances 66,667 - 48,984 - 102,231 67,735
    Term deposits held by depository institutions 0 0 0 0
    U.S. Treasury, general account 58,515 - 28,765 + 22,619 59,201
    U.S. Treasury, supplementary financing account 5,000 - 19,996 - 119,979 5,000
    Foreign official 125 - 9 - 2,131 131
    Service-related 2,511 - 2 - 177 2,511
        Required clearing balances 2,511 - 2 - 177 2,511
        Adjustments to compensate for float 0 0 0 0
    Other 516 - 211 - 2,564 892
Funds from American International Group, Inc. asset
    dispositions, held as agent 6
0 0 0 0
Other liabilities and capital 17 72,682 - 763 + 6,734 71,704
 
Total factors, other than reserve balances,
    absorbing reserve funds
1,207,038 - 43,080 - 17,323 1,210,772
 
Reserve balances with Federal Reserve Banks 1,450,305 + 58,318 + 325,626 1,455,652
Note: Components may not sum to totals because of rounding.


1. 
Includes securities lent to dealers under the overnight securities lending facility; 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. 
As a result of the closing of the American International Group, Inc. (AIG) recapitalization plan on January 14, 2011, the credit extended to AIG was fully repaid and the Federal Reserve's commitment to lend any further funds was terminated. In addition, the Federal Reserve Bank of New York (FRBNY) has been paid in full for its preferred interests in AIA Aurora LLC and ALICO Holdings LLC. The funds from AIG asset dispositions that FRBNY held as agent were the source of repayment of the credit extended to AIG, as well as a portion of the FRBNY's preferred interests in ALICO Holdings LLC. The remaining FRBNY preferred interests in ALICO Holdings LLC and AIA Aurora LLC, valued at approximately $20 billion, were purchased by AIG through a draw on the Treasury's Series F preferred stock commitment and then transferred by AIG to the Treasury as consideration for the draw on the available Series F funds.
7. 
Includes credit extended by the Federal Reserve Bank of New York to eligible borrowers through the Term Asset-Backed Securities Loan Facility.
8. 
Includes the book value of the commercial paper, net of amortized costs and related fees, and other investments held by the Commercial Paper Funding Facility LLC.
9. 
Refer to table 4 and the note on consolidation accompanying table 9.
10. 
Refer to table 5 and the note on consolidation accompanying table 9.
11. 
Refer to table 6 and the note on consolidation accompanying table 9.
12. 
Refer to table 7 and the note on consolidation accompanying table 9.
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, and the fair value adjustment to credit extended by the FRBNY to eligible borrowers through the Term Asset-Backed Securities Loan Facility. Before the closing of the AIG recapitalization plan on January 14, 2011, included accrued dividends on the FRBNY's preferred interests in AIA Aurora LLC and ALICO Holdings LLC.
15. 
Estimated.
16. 
Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.
17. 
Includes the liabilities of 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 7 and the note on consolidation accompanying table 9. Also includes the liability for interest on Federal Reserve notes due to U.S. Treasury. Refer to table 8 and table 9.

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
Mar 30, 2011
Week ended
Mar 30, 2011
Change from week ended
Mar 23, 2011 Mar 31, 2010
Marketable securities held in custody for foreign
    official and international accounts 1
3,407,613 + 5,864 + 387,863 3,404,331
    U.S. Treasury securities 2,642,127 + 1,952 + 401,561 2,637,461
    Federal agency securities 2 765,486 + 3,912 - 13,699 766,870
Securities lent to dealers 20,453 + 5,678 + 13,329 24,906
    Overnight facility 3 20,453 + 5,678 + 13,329 24,906
        U.S. Treasury securities 19,311 + 5,385 + 13,542 23,738
        Federal agency debt securities 1,143 + 294 - 212 1,168
Note: Components may not sum to totals because of rounding.


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

2. Maturity Distribution of Securities, Loans, and Selected Other Assets and Liabilities, March 30, 2011
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 33 0 5 19,216 0 ... 19,254
U.S. Treasury securities 2  
    Holdings 17,071 25,031 67,800 565,623 478,796 179,124 1,333,445
    Weekly changes - 2,503 + 2,507 0 + 18,458 + 8,942 + 801 + 28,206
Federal agency debt securities 3  
    Holdings 1,607 13,284 21,126 67,221 26,910 2,347 132,495
    Weekly changes + 1,607 - 846 + 1,753 - 2,514 0 0 0
Mortgage-backed securities 4  
    Holdings 0 0 0 20 23 937,112 937,155
    Weekly changes 0 0 0 - 1 0 - 6,692 - 6,693
Asset-backed securities held by
    TALF LLC 5
0 0 0 0 0 0 0
Repurchase agreements 6 0 0 ... ... ... ... 0
Central bank liquidity swaps 7 0 0 0 0 0 0 0
   
Reverse repurchase agreements 6 65,811 0 ... ... ... ... 65,811
Term deposits 0 0 0 ... ... ... 0
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 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 asset-backed securities held by TALF LLC, which is the remaining principal balance of the underlying assets.
6. 
Cash value of agreements.
7. 
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
Mar 30, 2011
Mortgage-backed securities held outright 1 937,155
 
Commitments to buy mortgage-backed securities 2 0
Commitments to sell mortgage-backed securities 2 0
 
Cash and cash equivalents 3 0
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 8 and table 9.

4. Information on Principal Accounts of Maiden Lane LLC
Millions of dollars
Account name Wednesday
Mar 30, 2011
Net portfolio holdings of Maiden Lane LLC 1 25,588
 
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York 2 23,470
Accrued interest payable to the Federal Reserve Bank of New York 2 663
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. 3 1,331
1. 
Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of December 31, 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 9.
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 8 and table 9.

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
Mar 30, 2011
Net portfolio holdings of Maiden Lane II LLC 1 15,941
 
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York 2 12,353
Accrued interest payable to the Federal Reserve Bank of New York 2 492
Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc. 3 1,080
1. 
Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of December 31, 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 9.
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 8 and table 9.

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
Mar 30, 2011
Net portfolio holdings of Maiden Lane III LLC 1 22,927
 
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York 2 12,346
Accrued interest payable to the Federal Reserve Bank of New York 2 586
Outstanding principal amount and accrued interest on loan payable to American International Group, Inc. 3 5,408
1. 
Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of December 31, 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 9.
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 8 and table 9.

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 TALF LLC
Millions of dollars
Account name Wednesday
Mar 30, 2011
Asset-backed securities holdings 1 0
Other investments, net 718
Net portfolio holdings of TALF LLC 718
 
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 3 107
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 9.
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 8 and table 9.

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.


8. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of dollars
Assets, liabilities, and capital Eliminations from
consolidation
Wednesday
Mar 30, 2011
Change since
Wednesday
Mar 23, 2011
Wednesday
Mar 31, 2010
Assets  
    Gold certificate account   11,037 0 0
    Special drawing rights certificate account   5,200 0 0
    Coin   2,182 - 11 + 99
    Securities, repurchase agreements, term auction
        credit, and other loans
  2,422,348 + 21,254 + 323,837
        Securities held outright 1   2,403,095 + 21,514 + 388,705
            U.S. Treasury securities   1,333,445 + 28,206 + 556,740
                Bills 2   18,423 0 0
                Notes and bonds, nominal 2   1,249,224 + 26,535 + 540,352
                Notes and bonds, inflation-indexed 2   58,993 + 1,568 + 15,216
                Inflation compensation 3   6,805 + 103 + 1,172
            Federal agency debt securities 2   132,495 0 - 36,493
            Mortgage-backed securities 4   937,155 - 6,693 - 131,542
        Repurchase agreements 5   0 0 0
        Term auction credit   0 0 - 3,410
        Other loans   19,254 - 259 - 61,457
    Net portfolio holdings of Commercial Paper
        Funding Facility LLC 6
  0 0 - 7,786
    Net portfolio holdings of Maiden Lane LLC 7   25,588 - 1 - 1,776
    Net portfolio holdings of Maiden Lane II LLC 8   15,941 + 41 + 536
    Net portfolio holdings of Maiden Lane III LLC 9   22,927 + 8 + 777
    Net portfolio holdings of TALF LLC 10   718 0 + 314
    Preferred interests in AIA Aurora LLC and ALICO
        Holdings LLC 11
  0 0 - 25,416
    Items in process of collection (92) 151 - 184 - 345
    Bank premises   2,219 0 - 22
    Central bank liquidity swaps 12   0 0 0
    Other assets 13   118,277 + 75 + 25,838
 
Total assets (92) 2,626,589 + 21,183 + 316,056
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.


8. Consolidated Statement of Condition of All Federal Reserve Banks (continued)
Millions of dollars
Assets, liabilities, and capital Eliminations from
consolidation
Wednesday
Mar 30, 2011
Change since
Wednesday
Mar 23, 2011
Wednesday
Mar 31, 2010
Liabilities  
    Federal Reserve notes, net of F.R. Bank holdings   963,991 + 1,470 + 69,845
    Reverse repurchase agreements 14   65,811 + 4,425 + 8,045
    Deposits (0) 1,523,388 + 15,651 + 231,883
        Term deposits held by depository institutions   0 0 0
        Other deposits held by depository institutions   1,458,165 + 47,697 + 404,289
        U.S. Treasury, general account   59,201 - 12,547 - 32,318
        U.S. Treasury, supplementary financing account   5,000 - 19,996 - 119,979
        Foreign official   131 + 8 - 1,537
        Other (0) 892 + 491 - 18,571
    Deferred availability cash items (92) 1,695 + 138 - 427
    Other liabilities and accrued dividends 15   19,123 - 509 + 6,368
 
Total liabilities (92) 2,574,007 + 21,174 + 315,713
 
Capital accounts  
    Capital paid in   26,291 + 4 + 36
    Surplus   26,291 + 4 + 1,446
    Other capital accounts   0 0 - 1,138
 
Total capital   52,582 + 9 + 343
Note: Components may not sum to totals because of rounding.


1. 
Includes securities lent to dealers under the overnight securities lending facility; 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. 
Includes the book value of the commercial paper, net of amortized costs and related fees, and other investments held by the Commercial Paper Funding Facility LLC.
7. 
Refer to table 4 and the note on consolidation accompanying table 9.
8. 
Refer to table 5 and the note on consolidation accompanying table 9.
9. 
Refer to table 6 and the note on consolidation accompanying table 9.
10. 
Refer to table 7 and the note on consolidation accompanying table 9.
11. 
As a result of the closing of the AIG recapitalization plan on January 14, 2011, the Federal Reserve Bank of New York has been paid in full for its preferred interests in AIA Aurora LLC and ALICO Holdings LLC. A portion of the preferred interests was redeemed by AIG with the funds from AIG asset dispositions that were held as agent by the Federal Reserve.
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 and the fair value adjustment to credit extended by the Federal Reserve Bank of New York (FRBNY) to eligible borrowers through the Term Asset-Backed Securities Loan Facility. Before the closing of the AIG recapitalization plan on January 14, 2011, included accrued dividends on the FRBNY's preferred interests in AIA Aurora LLC and ALICO Holdings LLC.
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 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 7 and the note on consolidation accompanying table 9. Also includes the liability for interest on Federal Reserve notes due to U.S. Treasury. Before the closing of the AIG recapitalization plan on January 14, 2011, included funds from American International Group, Inc. asset dispositions, held as agent.


9. Statement of Condition of Each Federal Reserve Bank, March 30, 2011
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 2,182 53 82 171 162 363 173 340 33 61 158 222 365
    Securities, repurchase agreements,
        term auction credit, and other
        loans
2,422,348 60,815 999,811 56,119 81,647 273,687 227,422 181,161 61,899 32,900 82,441 100,907 263,539
        Securities held outright 1 2,403,095 60,814 980,590 56,119 81,647 273,687 227,399 181,160 61,899 32,898 82,436 100,907 263,538
            U.S. Treasury securities 1,333,445 33,745 544,116 31,140 45,305 151,865 126,181 100,523 34,347 18,255 45,743 55,992 146,234
                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 1,315,022 33,279 536,599 30,710 44,679 149,767 124,437 99,135 33,873 18,002 45,111 55,218 144,213
            Federal agency debt securities 2 132,495 3,353 54,065 3,094 4,502 15,090 12,538 9,988 3,413 1,814 4,545 5,564 14,530
            Mortgage-backed securities 4 937,155 23,716 382,409 21,885 31,840 106,732 88,681 70,649 24,139 12,829 32,148 39,352 102,774
        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 19,254 1 19,221 0 0 0 23 1 0 2 5 0 1
    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
25,588 0 25,588 0 0 0 0 0 0 0 0 0 0
    Net portfolio holdings of Maiden
        Lane II LLC 8
15,941 0 15,941 0 0 0 0 0 0 0 0 0 0
    Net portfolio holdings of Maiden
        Lane III LLC 9
22,927 0 22,927 0 0 0 0 0 0 0 0 0 0
    Net portfolio holdings of TALF LLC 10 718 0 718 0 0 0 0 0 0 0 0 0 0
    Preferred interests in AIA Aurora LLC
        and ALICO Holdings LLC 11
0 0 0 0 0 0 0 0 0 0 0 0 0
    Items in process of collection 244 4 -96 46 66 7 104 22 7 33 16 21 15
    Bank premises 2,219 125 258 68 139 238 216 209 135 107 264 247 213
    Central bank liquidity swaps 12 0 0 0 0 0 0 0 0 0 0 0 0 0
    Other assets 13 118,277 3,261 45,051 4,737 5,073 15,924 10,210 7,568 2,597 2,098 3,394 4,279 14,086
    Interdistrict settlement account 0 - 7,076 + 252,435 + 45,545 - 22,007 - 42,020 - 70,428 - 41,824 - 24,394 - 4,983 - 29,200 - 8,779 - 47,268
 
Total assets 2,626,682 57,746 1,368,571 107,300 65,779 249,457 169,736 148,787 40,752 30,508 57,521 97,830 232,694
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.


9. Statement of Condition of Each Federal Reserve Bank, March 30, 2011 (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 1,118,325 43,110 381,945 46,001 46,413 89,657 140,775 85,392 31,836 19,562 32,483 75,418 125,733
        Less: Notes held by F.R. Banks 154,334 4,663 43,746 5,146 7,531 11,664 22,538 12,019 4,004 5,170 2,947 11,060 23,846
            Federal Reserve notes, net 963,991 38,447 338,198 40,855 38,883 77,992 118,237 73,373 27,833 14,392 29,536 64,358 101,887
    Reverse repurchase agreements 14 65,811 1,665 26,854 1,537 2,236 7,495 6,228 4,961 1,695 901 2,258 2,763 7,217
    Deposits 1,523,388 15,506 973,828 59,829 20,130 152,116 41,456 68,424 10,501 12,795 24,875 29,497 114,430
        Term deposits held by depository
            institutions
0 0 0 0 0 0 0 0 0 0 0 0 0
        Other deposits held by depository
            institutions
1,458,165 15,500 908,671 59,825 20,127 152,050 41,549 68,399 10,469 12,791 24,873 29,496 114,415
        U.S. Treasury, general account 59,201 0 59,201 0 0 0 0 0 0 0 0 0 0
        U.S. Treasury, supplementary
            financing account
5,000 0 5,000 0 0 0 0 0 0 0 0 0 0
        Foreign official 131 1 102 4 3 8 2 1 0 1 0 1 6
        Other 892 5 854 0 1 58 -96 25 32 3 1 0 9
    Deferred availability cash items 1,787 56 0 213 257 66 90 95 50 593 75 77 215
    Interest on Federal Reserve notes due
        to U.S. Treasury 15
1,133 25 534 0 25 92 115 100 23 9 45 54 110
    Other liabilities and accrued
        dividends 16
17,990 214 13,743 247 313 825 602 495 214 155 219 304 661
 
Total liabilities 2,574,100 55,912 1,353,158 102,681 61,843 238,587 166,727 147,449 40,315 28,845 57,008 97,054 224,521
 
Capital  
    Capital paid in 26,291 917 7,707 2,309 1,968 5,435 1,505 669 219 831 257 388 4,087
    Surplus 26,291 917 7,707 2,309 1,968 5,435 1,505 669 219 831 257 388 4,087
    Other capital 0 0 0 0 0 0 0 0 0 0 0 0 0
 
Total liabilities and capital 2,626,682 57,746 1,368,571 107,300 65,779 249,457 169,736 148,787 40,752 30,508 57,521 97,830 232,694
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.


9. Statement of Condition of Each Federal Reserve Bank, March 30, 2011 (continued)

1. 
Includes securities lent to dealers under the overnight securities lending facility; 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. 
Includes the book value of the commercial paper, net of amortized costs and related fees, and other investments held by the Commercial Paper Funding Facility LLC.
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 7 and the note on consolidation below.
11. 
As a result of the closing of the AIG recapitalization plan on January 14, 2011, the Federal Reserve Bank of New York has been paid in full for its preferred interests in AIA Aurora LLC and ALICO Holdings LLC. A portion of the preferred interests was redeemed by AIG with the funds from AIG asset dispositions that were held as agent by the Federal Reserve.
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 and the fair value adjustment to credit extended by the Federal Reserve Bank of New York (FRBNY) to eligible borrowers through the Term Asset-Backed Securities Loan Facility. Before the closing of the AIG recapitalization plan on January 14, 2011, included accrued dividends on the FRBNY's preferred interests in AIA Aurora LLC and ALICO Holdings LLC.
14. 
Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.
15. 
Represents the estimated weekly remittances to U.S Treasury as interest on Federal Reserve notes or, in those cases where the Reserve Bank's net earnings are not sufficient to equate surplus to capital paid-in, the deferred asset for interest on Federal Reserve notes. The amount of any deferred asset, which is presented as a negative amount in this line, represents the amount of the Federal Reserve Bank's earnings that must be retained before remittances to the U.S. Treasury resume. The amounts on this line are calculated in accordance with Board of Governors policy, which requires the Federal Reserve Banks to remit residual earnings to the U.S. Treasury as interest on Federal Reserve notes after providing for the costs of operations, payment of dividends, and the amount necessary to equate surplus with capital paid-in.
16. 
Includes the liabilities of 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 7 and the note on consolidation below. Before the closing of the AIG recapitalization plan on January 14, 2011, included funds from American International Group, Inc. asset dispositions, held as agent.


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 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 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 8), 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 8).


10. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts
Millions of dollars
Federal Reserve notes and collateral Wednesday
Mar 30, 2011
Federal Reserve notes outstanding 1,118,325
    Less: Notes held by F.R. Banks not subject to collateralization 154,334
        Federal Reserve notes to be collateralized 963,991
Collateral held against Federal Reserve notes 963,991
    Gold certificate account 11,037
    Special drawing rights certificate account 5,200
    U.S. Treasury, agency debt, and mortgage-backed securities pledged 1,2 947,754
    Other assets pledged 0
Memo:  
Total U.S. Treasury, agency debt, and mortgage-backed securities 1,2 2,403,095
    Less: Face value of securities under reverse repurchase agreements 52,433
        U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 2,350,662
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 securities lending facility; 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