Skip to Content
Release Date: March 12, 2009
Release dates | Historical data
Current release Other formats:
Screen reader |
ASCII |
PDF
(21 KB)
FEDERAL RESERVE statistical release
H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
March 12, 2009
1. Factors Affecting Reserve Balances of Depository Institutions
Millions of dollars
Reserve Bank credit, related items, and Averages of daily figures
reserve balances of depository institutions at Week ended Change from week ended Wednesday
Federal Reserve Banks Mar 11, 2009 Mar 4, 2009 Mar 12, 2008 Mar 11, 2009
Reserve Bank credit 1,877,666 - 13,771 +1,008,588 1,882,214
Securities held outright 584,064 + 2,343 - 125,069 588,051
U.S. Treasury securities (1) 474,646 + 39 - 234,487 474,661
Bills (2) 18,423 0 - 177,651 18,423
Notes and bonds, nominal (2) 412,914 0 - 57,096 412,914
Notes and bonds, inflation-indexed (2) 39,378 0 + 941 39,378
Inflation compensation (3) 3,932 + 39 - 680 3,947
Federal agency debt securities (2) 40,483 + 2,231 + 40,483 44,432
Mortgage-backed securities (4) 68,935 + 73 + 68,935 68,958
Repurchase agreements (5) 0 0 - 58,714 0
Term auction credit 493,145 0 + 433,145 493,145
Other loans 133,118 - 7,827 + 133,015 134,669
Primary credit 63,487 - 2,474 + 63,388 65,482
Secondary credit 0 0 0 0
Seasonal credit 2 0 - 1 2
Primary dealer and other broker-dealer credit (6) 19,733 - 4,066 + 19,733 19,575
Asset-backed Commercial Paper Money Market
Mutual Fund Liquidity Facility 7,552 - 1,979 + 7,552 6,834
Credit extended to American International
Group, Inc. (7) 42,344 + 692 + 42,344 42,775
Other credit extensions 0 0 0 0
Net portfolio holdings of Commercial Paper
Funding Facility LLC (8) 240,658 - 1,394 + 240,658 240,858
Net portfolio holdings of LLCs funded through
the Money Market Investor Funding Facility (9) 0 0 0 0
Net portfolio holdings of Maiden Lane LLC (10) 26,118 + 129 + 26,118 26,178
Net portfolio holdings of Maiden Lane II LLC (11) 18,426 - 229 + 18,426 18,427
Net portfolio holdings of Maiden Lane III LLC (12) 27,463 - 239 + 27,463 27,597
Float -2,470 - 176 - 1,309 -3,116
Central bank liquidity swaps (13) 313,869 - 6,520 + 313,869 312,461
Other Federal Reserve assets (14) 43,275 + 142 + 985 43,944
Gold stock 11,041 0 0 11,041
Special drawing rights certificate account 2,200 0 0 2,200
Treasury currency outstanding (15) 38,814 + 14 + 135 38,814
Total factors supplying reserve funds 1,929,721 - 13,757 +1,008,723 1,934,269
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.
1. Factors Affecting Reserve Balances of Depository Institutions (continued)
Millions of dollars
Reserve Bank credit, related items, and Averages of daily figures
reserve balances of depository institutions at Week ended Change from week ended Wednesday
Federal Reserve Banks Mar 11, 2009 Mar 4, 2009 Mar 12, 2008 Mar 11, 2009
Currency in circulation (15) 897,312 + 2,198 + 80,458 898,943
Reverse repurchase agreements (16) 67,725 - 4,900 + 27,704 66,385
Foreign official and international accounts 67,725 - 4,900 + 27,704 66,385
Dealers 0 0 0 0
Treasury cash holdings 296 + 12 + 35 305
Deposits with F.R. Banks, other than reserve balances 283,302 + 6,983 + 271,074 287,560
U.S. Treasury, general account 48,896 - 3,517 + 43,820 34,431
U.S. Treasury, supplementary financing account 199,945 - 5 + 199,945 199,945
Foreign official 1,541 - 6 + 1,443 1,793
Service-related 4,465 - 1 - 2,284 4,465
Required clearing balances 4,465 - 1 - 2,284 4,465
Adjustments to compensate for float 0 0 0 0
Other 28,455 + 10,513 + 28,149 46,926
Other liabilities and capital (17) 52,344 + 1,012 + 7,901 53,032
Total factors, other than reserve balances,
absorbing reserve funds 1,300,979 + 5,306 + 387,172 1,306,225
Reserve balances with Federal Reserve Banks 628,743 - 19,062 + 621,552 628,044
Note: Components may not sum to totals because of rounding.
1. Includes securities lent to dealers under the overnight and term securities lending facilities; refer
to table 1A.
2. Face value of the securities.
3. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed
securities.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is
the remaining principal balance of the underlying mortgages.
5. Cash value of agreements.
6. Includes credit extended through the Primary Dealer Credit Facility and credit extended to certain
other broker-dealers.
7. Excludes credit extended to consolidated LLCs.
8. Refer to table 6 and the note on consolidation accompanying table 9.
9. Refer to table 7 and the note on consolidation accompanying table 9.
10. Refer to table 3 and the note on consolidation accompanying table 9.
11. Refer to table 4 and the note on consolidation accompanying table 9.
12. Refer to table 5 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.
15. Estimated.
16. Cash value of agreements, which are collateralized by U.S. Treasury securities.
17. Includes the liabilities of Commercial Paper Funding Facility LLC, the LLCs funded through the Money Market
Investor Funding Facility, Maiden Lane LLC, Maiden Lane II LLC, and Maiden Lane III LLC to entities other
than the Federal Reserve Bank of New York, including liabilities that have recourse only to the portfolio
holdings of these LLCs. Refer to table 3 through table 7 and the note on consolidation accompanying table 9.
Sources: Federal Reserve Banks and the U.S. Department of the Treasury.
1A. Memorandum Items
Millions of dollars
Averages of daily figures
Memorandum item Week ended Change from week ended Wednesday
Mar 11, 2009 Mar 4, 2009 Mar 12, 2008 Mar 11, 2009
Marketable securities held in custody for foreign
official and international accounts (1) 2,591,355 - 5,085 + 440,139 2,583,990
U.S. Treasury securities 1,780,495 + 1,239 + 502,798 1,771,980
Federal agency securities (2) 810,860 - 6,324 - 62,659 812,010
Securities lent to dealers 112,333 - 5,520 + 100,694 112,680
Overnight facility (3) 4,034 - 1,649 - 7,605 4,560
Term facility (4,5) 108,299 - 3,871 + 108,299 108,120
Note: Components may not sum to totals because of rounding.
1. Face value of the securities. Includes U.S. Treasury STRIPS, other zero-coupon bonds, and mortgage-backed
securities at face value.
2. Includes debt and mortgage-backed securities.
3. Fully collateralized by U.S. Treasury securities.
4. Fully collateralized by U.S. Treasury securities, federal agency securities, and other highly rated debt
securities.
5. On March 11, 2009, option contracts on draws on the Term Securities Lending Facility totaling $ 35,000
million were outstanding. The exercise date for the options is March 26, 2009, and the draws have a term of
March 27, 2009 through April 3, 2009.
2. Maturity Distribution of Term Auction Credit, Other Loans, and Securities, March 11, 2009
Millions of dollars
Remaining maturity Within 15 16 days to 91 days to Over 1 year Over 5 years Over 10 All
days 90 days 1 year to 5 years to 10 years years
Term auction credit 245,282 247,864 --- --- --- --- 493,145
Other loans (1) 75,728 16,111 55 42,775 --- --- 134,669
U.S. Treasury securities (2)
Holdings 17,125 27,819 60,733 168,936 100,598 99,449 474,661
Weekly changes + 3,867 - 3,867 + 1 + 14 + 10 + 17 + 42
Federal agency debt securities (3)
Holdings 1,199 0 2,567 31,451 9,049 166 44,432
Weekly changes + 222 - 571 0 + 4,761 + 1,616 + 166 + 6,194
Mortgage-backed securities (4)
Holdings 0 0 0 0 0 68,958 68,958
Weekly changes 0 0 0 0 0 + 56 + 56
Commercial paper held by
Commercial Paper Funding
Facility LLC (5) 18,529 221,160 0 --- --- --- 239,689
Money market instruments held by
LLCs funded through the Money
Market Investor Funding
Facility (6) 0 0 0 --- --- --- 0
Repurchase agreements (7) 0 0 --- --- --- --- 0
Central bank liquidity swaps (8) 158,359 154,102 0 0 0 0 312,461
Reverse repurchase agreements (7) 66,385 0 --- --- --- --- 66,385
Note: Components may not sum to totals because of rounding.
--- Not applicable.
1. Excludes the loans from the Federal Reserve Bank of New York (FRBNY) to Commercial Paper Funding Facility LLC, the
LLCs funded through the Money Market Investor Funding Facility, Maiden Lane LLC, Maiden Lane II LLC, and Maiden
Lane III LLC. The loans were eliminated when preparing the FRBNY's statement of condition consistent with
consolidation under generally accepted accounting principles.
2. Face value. For inflation-indexed securities, includes the original face value and compensation that adjusts for
the effect of inflation on the original face value of such securities.
3. Face value.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining
principal balance of the underlying mortgages.
5. Face value of commercial paper held by Commercial Paper Funding Facility LLC.
6. Face value of money market instruments held by LLCs funded through the Money Market Investor Funding Facility.
7. Cash value of agreements.
8. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign
currency is returned to the foreign central bank. This exchange rate equals the market exchange rate used when the
foreign currency was acquired from the foreign central bank.
3. Information on Principal Accounts of Maiden Lane LLC
Millions of dollars
Wednesday
Account name Mar 11, 2009
Net portfolio holdings of Maiden Lane LLC (1) 26,178
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 28,820
Accrued interest payable to the Federal Reserve Bank of New York (2) 295
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3) 1,199
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, 2008. 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.
4. Information on Principal Accounts of Maiden Lane II LLC
Millions of dollars
Wednesday
Account name Mar 11, 2009
Net portfolio holdings of Maiden Lane II LLC (1) 18,427
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 18,543
Accrued interest payable to the Federal Reserve Bank of New York (2) 80
Deferred payment and accrued interest payable to subsidiaries of American International
Group, Inc. (3) 1,009
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, 2008. 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.
5. Information on Principal Accounts of Maiden Lane III LLC
Millions of dollars
Wednesday
Account name Mar 11, 2009
Net portfolio holdings of Maiden Lane III LLC (1) 27,597
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 24,036
Accrued interest payable to the Federal Reserve Bank of New York (2) 113
Outstanding principal amount and accrued interest on loan payable to American International
Group, Inc. (3) 5,056
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, 2008. 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.
6. Information on Principal Accounts of Commercial Paper Funding Facility LLC
Millions of dollars
Wednesday
Account name Mar 11, 2009
Commercial paper holdings, net (1) 238,390
Other investments, net 2,468
Net portfolio holdings of Commercial Paper Funding Facility LLC 240,858
Memorandum: Commercial paper holdings, face value 239,689
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 238,380
Accrued interest payable to the Federal Reserve Bank of New York (2) 75
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 9.
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.
7. Information on Principal Accounts of LLCs Funded through the Money Market Investor Funding Facility
Millions of dollars
Wednesday
Account name Mar 11, 2009
Money market instrument holdings, net (1) 0
Other investments, net 0
Net portfolio holdings of LLCs funded through the Money Market Investor Funding Facility 0
Memorandum: Money market instrument holdings, face value 0
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 0
Accrued interest payable to the Federal Reserve Bank of New York (2) 0
Commercial paper issued by LLCs funded through the Money Market Investor Funding Facility,
net of related discounts 0
1. Book value, which includes amortized cost.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of
condition consistent with consolidation under generally accepted accounting principles. Refer to the note
on consolidation accompanying table 9.
Note: The Federal Reserve Board authorized the Federal Reserve Bank of New York to extend credit under the
authority of section 13(3) of the Federal Reserve Act to a series of limited liability companies funded through
the Money Market Investor Funding Facility (MMIFF). The MMIFF became operational on November 24, 2008. These
limited liability companies were established to purchase short-term U.S. dollar-denominated certificates of
deposit, bank notes, and outstanding asset-backed commercial paper from eligible issuers. Such purchases are
designed to foster liquidity in short-term money markets.
8. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of dollars
Eliminations Change since
from Wednesday Wednesday Wednesday
Assets, liabilities, and capital consolidation Mar 11, 2009 Mar 4, 2009 Mar 12, 2008
Assets
Gold certificate account 11,037 0 0
Special drawing rights certificate account 2,200 0 0
Coin 1,835 - 13 + 511
Securities, repurchase agreements, term auction
credit, and other loans 1,215,865 + 618 + 375,401
Securities held outright 588,051 + 6,292 - 115,385
U.S. Treasury securities (1) 474,661 + 42 - 228,775
Bills (2) 18,423 0 - 171,937
Notes and bonds, nominal (2) 412,914 0 - 57,096
Notes and bonds, inflation-indexed (2) 39,378 0 + 941
Inflation compensation (3) 3,947 + 42 - 682
Federal agency debt securities (2) 44,432 + 6,194 + 44,432
Mortgage-backed securities (4) 68,958 + 56 + 68,958
Repurchase agreements (5) 0 0 - 77,000
Term auction credit 493,145 0 + 433,145
Other loans 134,669 - 5,674 + 134,641
Net portfolio holdings of Commercial Paper
Funding Facility LLC (6) 240,858 - 438 + 240,858
Net portfolio holdings of LLCs funded through
the Money Market Investor Funding Facility (7) 0 0 0
Net portfolio holdings of Maiden Lane LLC (8) 26,178 + 71 + 26,178
Net portfolio holdings of Maiden Lane II LLC (9) 18,427 - 281 + 18,427
Net portfolio holdings of
Maiden Lane III LLC (10) 27,597 - 148 + 27,597
Items in process of collection (455) 604 - 101 - 750
Bank premises 2,186 + 4 + 48
Central bank liquidity swaps (11) 312,461 - 2,750 + 312,461
Other assets (12) 41,738 + 1,226 + 1,297
Total assets (455) 1,900,986 - 1,812 +1,002,030
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
Eliminations Change since
from Wednesday Wednesday Wednesday
Assets, liabilities, and capital consolidation Mar 11, 2009 Mar 4, 2009 Mar 12, 2008
Liabilities
Federal Reserve notes, net of F.R. Bank holdings 862,265 + 1,795 + 81,011
Reverse repurchase agreements (13) 66,385 - 4,877 + 26,188
Deposits (0) 915,584 - 316 + 884,972
Depository institutions 632,490 + 12,777 + 607,484
U.S. Treasury, general account 34,431 - 33,851 + 29,182
U.S. Treasury, supplementary financing account 199,945 - 5 + 199,945
Foreign official 1,793 + 153 + 1,697
Other (0) 46,926 + 20,611 + 46,666
Deferred availability cash items (455) 3,720 + 66 + 856
Other liabilities and accrued dividends (14) 9,124 + 311 + 4,759
Total liabilities (455) 1,857,078 - 3,020 + 997,786
Capital accounts
Capital paid in 22,360 + 166 + 2,886
Surplus 20,947 + 680 + 2,489
Other capital accounts 601 + 363 - 1,132
Total capital 43,908 + 1,209 + 4,243
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 6 and the note on consolidation accompanying table 9.
7. Refer to table 7 and the note on consolidation accompanying table 9.
8. Refer to table 3 and the note on consolidation accompanying table 9.
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. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when
the foreign currency is returned to the foreign central bank. This exchange rate equals the market
exchange rate used when the foreign currency was acquired from the foreign central bank.
12. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates.
13. Cash value of agreements, which are collateralized by U.S. Treasury securities.
14. Includes the liabilities of Commercial Paper Funding Facility LLC, the LLCs funded through the Money Market
Investor Funding Facility, Maiden Lane LLC, Maiden Lane II LLC, and Maiden Lane III LLC to entities other
than the Federal Reserve Bank of New York, including liabilities that have recourse only to the portfolio
holdings of these LLCs. Refer to table 3 through table 7 and the note on consolidation accompanying table 9.
9. Statement of Condition of Each Federal Reserve Bank, March 11, 2009
Millions of dollars
Kansas San
Assets, liabilities, and capital Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas Francisco
Assets
Gold certificate account 11,037 424 3,935 453 423 891 1,221 913 344 199 349 636 1,249
Special drawing rights certificate acct. 2,200 115 874 83 104 147 166 212 71 30 66 98 234
Coin 1,835 62 82 155 152 252 221 215 45 61 126 181 283
Securities, repurchase agreements, term
auction credit, and other loans 1,215,865 53,381 564,559 72,578 33,745 140,393 72,333 60,259 24,936 17,147 24,128 30,953 121,453
Securities held outright 588,051 24,665 209,225 25,675 22,299 53,324 58,510 51,901 20,321 11,102 21,592 24,393 65,045
U.S. Treasury securities (1) 474,661 19,909 168,882 20,724 17,999 43,042 47,228 41,893 16,403 8,961 17,429 19,689 52,503
Bills (2) 18,423 773 6,555 804 699 1,671 1,833 1,626 637 348 676 764 2,038
Notes and bonds (3) 456,239 19,136 162,327 19,920 17,300 41,371 45,395 40,267 15,766 8,613 16,752 18,925 50,465
Federal agency debt securities (2) 44,432 1,864 15,809 1,940 1,685 4,029 4,421 3,922 1,535 839 1,631 1,843 4,915
Mortgage-backed securities (4) 68,958 2,892 24,535 3,011 2,615 6,253 6,861 6,086 2,383 1,302 2,532 2,860 7,627
Repurchase agreements (5) 0 0 0 0 0 0 0 0 0 0 0 0 0
Term auction credit 493,145 21,622 233,360 46,815 11,445 86,488 13,623 6,469 4,564 5,699 2,477 5,675 54,909
Other loans 134,669 7,094 121,974 88 2 582 200 1,889 51 346 59 885 1,499
Net portfolio holdings of Commercial
Paper Funding Facility LLC (6) 240,858 0 240,858 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of LLCs funded
through the Money Market Investor
Funding Facility (7) 0 0 0 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of Maiden Lane
LLC (8) 26,178 0 26,178 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of Maiden
Lane II LLC (9) 18,427 0 18,427 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of Maiden
Lane III LLC (10) 27,597 0 27,597 0 0 0 0 0 0 0 0 0 0
Items in process of collection 1,059 42 0 234 183 36 24 185 26 59 30 111 130
Bank premises 2,186 122 210 65 146 232 224 207 134 112 272 249 212
Central bank liquidity swaps (11) 312,461 12,213 88,700 33,489 22,452 86,507 23,314 10,176 3,033 4,692 3,008 3,920 20,958
Other assets (12) 41,738 1,707 12,955 3,351 2,404 8,333 3,582 2,306 876 714 893 1,063 3,556
Interdistrict settlement account 0 - 11,560 - 61,057 - 50,816 + 11,446 - 26,445 + 35,835 + 31,096 + 5,086 - 741 + 20,232 + 20,773 + 26,149
Total assets 1,901,441 56,507 923,318 59,591 71,055 210,345 136,919 105,569 34,551 22,273 49,104 57,984 174,223
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 11, 2009 (continued)
Millions of dollars
Kansas San
Assets, liabilities, and capital Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas Francisco
Liabilities
Federal Reserve notes outstanding 1,040,918 37,511 363,748 40,773 45,884 79,807 133,998 87,242 29,100 19,946 29,393 62,261 111,255
Less: Notes held by F.R. Banks 178,653 5,575 53,011 5,118 7,325 12,069 29,508 13,447 3,556 2,865 3,429 16,944 25,806
Federal Reserve notes, net 862,265 31,937 310,737 35,655 38,560 67,738 104,490 73,795 25,544 17,081 25,964 45,316 85,449
Reverse repurchase agreements (13) 66,385 2,784 23,619 2,898 2,517 6,020 6,605 5,859 2,294 1,253 2,438 2,754 7,343
Deposits 915,584 19,681 570,322 15,451 26,103 123,930 21,795 23,675 6,061 2,579 19,928 8,870 77,190
Depository institutions 632,490 19,677 287,377 15,446 26,099 123,814 21,792 23,674 6,051 2,578 19,926 8,870 77,186
U.S. Treasury, general account 34,431 0 34,431 0 0 0 0 0 0 0 0 0 0
U.S. Treasury, supplementary
financing account 199,945 0 199,945 0 0 0 0 0 0 0 0 0 0
Foreign official 1,793 2 1,763 4 3 11 3 1 0 1 0 1 3
Other 46,926 2 46,806 0 1 104 0 0 10 0 1 0 2
Deferred availability cash items 4,175 124 0 732 555 291 323 394 45 418 206 287 799
Other liabilities and accrued
dividends (14) 9,124 160 6,584 190 187 480 346 295 157 110 120 172 322
Total liabilities 1,857,532 54,685 911,262 54,926 67,922 198,459 133,559 104,019 34,100 21,442 48,655 57,399 171,104
Capital
Capital paid in 22,360 903 6,283 2,363 1,597 6,061 1,644 769 216 485 214 281 1,544
Surplus 20,947 844 5,663 2,301 1,537 5,826 1,612 704 210 324 208 271 1,449
Other capital 601 74 110 0 0 0 105 78 25 22 27 33 127
Total liabilities and capital 1,901,441 56,507 923,318 59,591 71,055 210,345 136,919 105,569 34,551 22,273 49,104 57,984 174,223
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 11, 2009 (continued)
1. Includes securities lent to dealers under the overnight and term securities lending facilities; refer to table 1A.
2. Face value of the securities.
3. Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face value of such securities.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the underlying mortgages.
5. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.
6. Refer to table 6 and the note on consolidation below.
7. Refer to table 7 and the note on consolidation below.
8. Refer to table 3 and the note on consolidation below.
9. Refer to table 4 and the note on consolidation below.
10. Refer to table 5 and the note on consolidation below.
11. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This
exchange rate equals the market exchange rate used when the foreign currency was acquired from the foreign central bank.
12. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates.
13. Cash value of agreements, which are collateralized by U.S. Treasury securities.
14. Includes the liabilities of Commercial Paper Funding Facility LLC, the LLCs funded through the Money Market Investor Funding Facility, Maiden Lane LLC, Maiden Lane II LLC, and Maiden
Lane III LLC to entities other than the Federal Reserve Bank of New York, including liabilities that have recourse only to the portfolio holdings of these LLCs. Refer to table 3 through
table 7 and the note on consolidation below.
Note on consolidation:
The Federal Reserve Bank of New York (FRBNY) has extended loans to several limited liability companies under the authority of section 13(3) of the Federal Reserve Act. On June 26, 2008,
a loan was extended to Maiden Lane LLC, which was formed to acquire certain assets of Bear Stearns. On October 27, 2008, the FRBNY began extending loans to Commercial Paper Funding
Facility LLC, which was formed to purchase three-month U.S. dollar-denominated commercial paper from eligible issuers. On October 21, 2008, the Federal Reserve Board authorized the FRBNY
to extend credit to a series of LLCs funded through the Money Market Investor Funding Facility. These LLCs, which became operational on November 24, 2008, were established to purchase
short-term U.S. dollar-denominated certificates of deposit, bank notes, and commercial paper from eligible issuers. On November 25, 2008, a loan was extended to Maiden Lane III LLC,
which was formed to purchase multi-sector collateralized debt obligations on which the Financial Products group of the American International Group, Inc. has written credit default swap
contracts. On December 12, 2008, a loan was extended to Maiden Lane II LLC, which was formed to purchase residential mortgage-backed securities from the U.S. securities lending
reinvestment portfolio of subsidiaries of American International Group, Inc.
The FRBNY is the sole beneficiary of Commercial Paper Funding Facility LLC and the primary beneficiary of the other LLCs cited above. Consistent with generally accepted accounting principles,
the assets and liabilities of these LLCs have been consolidated with the assets and liabilities of the FRBNY in the preparation of the statements of condition shown on this release. As a
consequence of the consolidation, the extensions of credit from the FRBNY to the LLCs are eliminated, the net assets of the LLCs appear as assets on the previous page (and in table 1 and
table 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 11, 2009
Federal Reserve notes outstanding 1,040,918
Less: Notes held by F.R. Banks not subject to collateralization 178,653
Federal Reserve notes to be collateralized 862,265
Collateral held against Federal Reserve notes 862,265
Gold certificate account 11,037
Special drawing rights certificate account 2,200
U.S. Treasury, agency debt, and mortgage-backed securities pledged (1) 526,147
Other assets pledged 322,881
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1) 588,051
Less: Face value of securities under reverse repurchase agreements 61,904
U.S. Treasury, agency debt, and mortgage-backed securities
eligible to be pledged 526,147
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.
Release dates | Historical data
Current release Other formats:
Screen reader |
ASCII |
PDF
(21 KB)
Statistical releases