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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 13, 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 Aug 12, 2009 Aug 5, 2009 Aug 13, 2008 Aug 12, 2009
Reserve Bank credit 1,989,268 + 11,372 +1,102,992 1,999,928
Securities held outright (1) 1,372,692 + 18,610 + 893,296 1,381,862
U.S. Treasury securities 720,910 + 16,553 + 241,514 728,974
Bills (2) 18,423 0 - 3,317 18,423
Notes and bonds, nominal (2) 652,438 + 16,425 + 240,707 660,465
Notes and bonds, inflation-indexed (2) 44,588 + 22 + 4,756 44,588
Inflation compensation (3) 5,462 + 107 - 631 5,498
Federal agency debt securities (2) 108,896 + 2,059 + 108,896 110,003
Mortgage-backed securities (4) 542,885 - 3 + 542,885 542,885
Repurchase agreements (5) 0 0 - 105,786 0
Term auction credit 233,598 - 53 + 83,598 233,598
Other loans 105,977 - 1,865 + 88,170 109,184
Primary credit 33,934 - 1,156 + 16,235 38,024
Secondary credit 805 + 556 + 798 705
Seasonal credit 105 + 16 + 5 110
Primary dealer and other broker-dealer credit (6) 0 0 0 0
Asset-Backed Commercial Paper Money Market
Mutual Fund Liquidity Facility 113 - 402 + 113 113
Credit extended to American International
Group, Inc., net (7) 41,189 - 427 + 41,189 40,675
Term Asset-Backed Securities Loan Facility 29,831 - 453 + 29,831 29,557
Other credit extensions 0 0 0 0
Net portfolio holdings of Commercial Paper
Funding Facility LLC (8) 60,028 - 4,716 + 60,028 58,052
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) 25,954 + 55 - 3,191 25,988
Net portfolio holdings of Maiden Lane II LLC (11) 14,815 - 330 + 14,815 14,818
Net portfolio holdings of Maiden Lane III LLC (12) 20,759 - 406 + 20,759 20,860
Float -2,145 - 201 - 1,018 -2,069
Central bank liquidity swaps (13) 76,283 - 1,106 + 14,283 75,211
Other Federal Reserve assets (14) 81,307 + 1,383 + 38,037 82,423
Gold stock 11,041 0 0 11,041
Special drawing rights certificate account 2,200 0 0 2,200
Treasury currency outstanding (15) 42,443 + 14 + 3,767 42,431
Total factors supplying reserve funds 2,044,952 + 11,386 +1,106,759 2,055,600
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 Aug 12, 2009 Aug 5, 2009 Aug 13, 2008 Aug 12, 2009
Currency in circulation (15) 911,580 + 1,031 + 80,495 913,062
Reverse repurchase agreements (16) 70,304 + 2,505 + 27,846 67,670
Foreign official and international accounts 70,304 + 2,505 + 27,846 67,670
Dealers 0 0 0 0
Treasury cash holdings 286 - 14 - 12 258
Deposits with F.R. Banks, other than reserve balances 258,381 - 21,450 + 245,871 245,506
U.S. Treasury, general account 48,217 - 22,595 + 43,358 35,758
U.S. Treasury, supplementary financing account 199,933 - 2 + 199,933 199,933
Foreign official 3,414 + 315 + 3,095 3,039
Service-related 5,119 0 - 1,887 5,119
Required clearing balances 5,119 0 - 1,887 5,119
Adjustments to compensate for float 0 0 0 0
Other 1,697 + 830 + 1,372 1,657
Other liabilities and capital (17) 57,633 + 569 + 13,845 57,219
Total factors, other than reserve balances,
absorbing reserve funds 1,298,183 - 17,360 + 368,044 1,283,716
Reserve balances with Federal Reserve Banks 746,768 + 28,745 + 738,714 771,884
Note: Components may not sum to totals because of rounding.
1. Includes securities lent to dealers under the overnight and term securities lending facilities; refer
to table 1A.
2. Face value of the securities.
3. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed
securities.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is
the remaining principal balance of the underlying mortgages.
5. Cash value of agreements.
6. Includes credit extended through the Primary Dealer Credit Facility and credit extended to certain
other broker-dealers.
7. Includes outstanding principal and capitalized interest net of unamortized deferred commitment fees and
allowance for loan restructuring. Excludes credit extended to consolidated LLCs.
8. Refer to table 7 and the note on consolidation accompanying table 10.
9. Refer to table 8 and the note on consolidation accompanying table 10.
10. Refer to table 4 and the note on consolidation accompanying table 10.
11. Refer to table 5 and the note on consolidation accompanying table 10.
12. Refer to table 6 and the note on consolidation accompanying table 10.
13. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when
the foreign currency is returned to the foreign central bank. This exchange rate equals the market exchange
rate used when the foreign currency was acquired from the foreign central bank.
14. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates.
15. Estimated.
16. Cash value of agreements, which are collateralized by U.S. Treasury securities.
17. Includes the liabilities of Commercial Paper Funding Facility LLC, the LLCs funded through the Money Market
Investor Funding Facility, Maiden Lane LLC, Maiden Lane II LLC, and Maiden Lane III LLC to entities other
than the Federal Reserve Bank of New York, including liabilities that have recourse only to the portfolio
holdings of these LLCs. Refer to table 4 through table 8 and the note on consolidation accompanying table 10.
Sources: Federal Reserve Banks and the U.S. Department of the Treasury.
1A. Memorandum Items
Millions of dollars
Averages of daily figures
Memorandum item Week ended Change from week ended Wednesday
Aug 12, 2009 Aug 5, 2009 Aug 13, 2008 Aug 12, 2009
Marketable securities held in custody for foreign
official and international accounts (1) 2,815,617 + 5,465 + 420,734 2,809,853
U.S. Treasury securities 2,032,395 + 9,118 + 616,567 2,027,022
Federal agency securities (2) 783,222 - 3,653 - 195,832 782,831
Securities lent to dealers 13,249 + 1,457 - 117,905 12,389
Overnight facility (3) 10,549 + 1,457 + 7,712 9,689
U.S. Treasury securities 10,373 + 1,536 + 7,536 9,565
Federal agency debt securities 176 - 78 + 176 124
Term facility (4) 2,700 0 - 125,618 2,700
Note: Components may not sum to totals because of rounding.
1. Face value of the securities. Includes U.S. Treasury STRIPS, other zero-coupon bonds, and mortgage-backed
securities at face value.
2. Includes debt and mortgage-backed securities.
3. Fully collateralized by U.S. Treasury securities.
4. U.S. Treasury securities only. Fully collateralized by U.S. Treasury securities, federal agency securities, and other highly rated debt securities.
2. Maturity Distribution of Term Auction Credit, Other Loans, and Securities, August 12, 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 137,832 95,765 --- --- --- --- 233,598
Other loans (1) 37,513 1,440 0 70,231 0 --- 109,184
U.S. Treasury securities (2)
Holdings 26,225 12,664 64,572 295,420 192,654 137,439 728,974
Weekly changes + 2,157 - 2,156 + 11 + 12,904 + 7,985 + 2,742 + 23,643
Federal agency debt securities (3)
Holdings 0 750 13,562 70,631 23,189 1,871 110,003
Weekly changes 0 0 + 811 - 246 + 828 + 544 + 1,937
Mortgage-backed securities (4)
Holdings 0 0 0 0 0 542,885 542,885
Weekly changes 0 0 0 0 0 0 0
Commercial paper held by
Commercial Paper Funding
Facility LLC (5) 9,831 43,998 0 --- --- --- 53,830
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) 60,269 14,942 0 0 0 0 75,211
Reverse repurchase agreements (7) 67,670 0 --- --- --- --- 67,670
Note: Components may not sum to totals because of rounding.
--- Not applicable.
1. Excludes the loans from the Federal Reserve Bank of New York (FRBNY) to Commercial Paper Funding Facility LLC, the
LLCs funded through the Money Market Investor Funding Facility, Maiden Lane LLC, Maiden Lane II LLC, and Maiden
Lane III LLC. The loans were eliminated when preparing the FRBNY's statement of condition consistent with
consolidation under generally accepted accounting principles.
2. Face value. For inflation-indexed securities, includes the original face value and compensation that adjusts for
the effect of inflation on the original face value of such securities.
3. Face value.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining
principal balance of the underlying mortgages.
5. Face value of commercial paper held by Commercial Paper Funding Facility LLC.
6. Face value of money market instruments held by LLCs funded through the Money Market Investor Funding Facility.
7. Cash value of agreements.
8. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign
currency is returned to the foreign central bank. This exchange rate equals the market exchange rate used when the
foreign currency was acquired from the foreign central bank.
3. Supplemental Information on Mortgage-Backed Securities Purchase Program
Millions of dollars
Wednesday
Account name Aug 12, 2009
Mortgage-backed securities held outright (1) 542,885
Commitments to buy mortgage-backed securities (2) 200,487
Commitments to sell mortgage-backed securities (2) 25,818
Cash and cash equivalents (3) 4
1. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the
remaining principal balance of the underlying mortgages.
2. Current face value. Generally settle within 180 days and include commitments associated with outright
transactions as well as dollar rolls.
3. This amount is included in other Federal Reserve assets in table 1 and in other assets in table 9 and table 10.
4. Information on Principal Accounts of Maiden Lane LLC
Millions of dollars
Wednesday
Account name Aug 12, 2009
Net portfolio holdings of Maiden Lane LLC (1) 25,988
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) 357
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3) 1,224
1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if
the transaction were to be conducted in an orderly market on the measurement date. Revalued quarterly.
This table reflects valuations as of June 30, 2009. Any assets purchased after this valuation date
are initially recorded at cost until their estimated fair value as of the purchase date becomes available.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement
of condition consistent with consolidation under generally accepted accounting principles. Refer to
the note on consolidation accompanying table 10.
3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1
and in other liabilities and accrued dividends in table 9 and table 10.
Note: On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended credit to Maiden Lane LLC
under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed
to acquire certain assets of Bear Stearns and to manage those assets through time to maximize repayment of
the credit extended and to minimize disruption to financial markets. Payments by Maiden Lane LLC from the
proceeds of the net portfolio holdings will be made in the following order: operating expenses of the LLC,
principal due to the FRBNY, interest due to the FRBNY, principal due to JPMorgan Chase & Co., and interest
due to JPMorgan Chase & Co. Any remaining funds will be paid to the FRBNY.
5. Information on Principal Accounts of Maiden Lane II LLC
Millions of dollars
Wednesday
Account name Aug 12, 2009
Net portfolio holdings of Maiden Lane II LLC (1) 14,818
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 16,899
Accrued interest payable to the Federal Reserve Bank of New York (2) 186
Deferred payment and accrued interest payable to subsidiaries of American International
Group, Inc. (3) 1,024
1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if
the transaction were to be conducted in an orderly market on the measurement date. Revalued quarterly.
This table reflects valuations as of June 30, 2009. Any assets purchased after this valuation date
are initially recorded at cost until their estimated fair value as of the purchase date becomes available.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement
of condition consistent with consolidation under generally accepted accounting principles. Refer to the
note on consolidation accompanying table 10.
3. Book value. The deferred payment represents the portion of the proceeds of the net portfolio holdings due
to subsidiaries of American International Group, Inc. in accordance with the asset purchase agreement.
The fair value of this payment and accrued interest payable are included in other liabilities and capital
in table 1 and in other liabilities and accrued dividends in table 9 and table 10.
Note: On December 12, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden
Lane II LLC under the authority of section 13(3) of the Federal Reserve Act. This limited liability company
was formed to purchase residential mortgage-backed securities from the U.S. securities lending reinvestment
portfolio of subsidiaries of American International Group, Inc. (AIG subsidiaries). Payments by Maiden
Lane II LLC from the proceeds of the net portfolio holdings will be made in the following order: operating
expenses of Maiden Lane II LLC, principal due to the FRBNY, interest due to the FRBNY, and deferred payment
and interest due to AIG subsidiaries. Any remaining funds will be shared by the FRBNY and AIG subsidiaries.
6. Information on Principal Accounts of Maiden Lane III LLC
Millions of dollars
Wednesday
Account name Aug 12, 2009
Net portfolio holdings of Maiden Lane III LLC (1) 20,860
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 20,196
Accrued interest payable to the Federal Reserve Bank of New York (2) 247
Outstanding principal amount and accrued interest on loan payable to American International
Group, Inc. (3) 5,128
1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if
the transaction were to be conducted in an orderly market on the measurement date. Revalued quarterly.
This table reflects valuations as of June 30, 2009. Any assets purchased after this valuation date
are initially recorded at cost until their estimated fair value as of the purchase date becomes available.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement
of condition consistent with consolidation under generally accepted accounting principles. Refer to the
note on consolidation accompanying table 10.
3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1
and in other liabilities and accrued dividends in table 9 and table 10.
Note: On November 25, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden Lane
III LLC under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was
formed to purchase multi-sector collateralized debt obligations (CDOs) on which the Financial Products group
of American International Group, Inc. (AIG) has written credit default swap (CDS) contracts. In connection
with the purchase of CDOs, the CDS counterparties will concurrently unwind the related CDS transactions.
Payments by Maiden Lane III LLC from the proceeds of the net portfolio holdings will be made in the following
order: operating expenses of Maiden Lane III LLC, principal due to the FRBNY, interest due to the FRBNY,
principal due to AIG, and interest due to AIG. Any remaining funds will be shared by the FRBNY and AIG.
7. Information on Principal Accounts of Commercial Paper Funding Facility LLC
Millions of dollars
Wednesday
Account name Aug 12, 2009
Commercial paper holdings, net (1) 53,574
Other investments, net 4,478
Net portfolio holdings of Commercial Paper Funding Facility LLC 58,052
Memorandum: Commercial paper holdings, face value 53,830
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 53,467
Accrued interest payable to the Federal Reserve Bank of New York (2) 12
1. Book value, which includes amortized cost and related fees.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of
condition consistent with consolidation under generally accepted accounting principles. Refer to the
note on consolidation accompanying table 10.
Note: On October 27, 2008, the Federal Reserve Bank of New York began extending loans under the authority of
section 13(3) of the Federal Reserve Act to Commercial Paper Funding Facility LLC. This LLC is a limited
liability company formed to purchase three-month U.S. dollar-denominated commercial paper from eligible issuers
and thereby foster liquidity in short-term funding markets and increase the availability of credit for
businesses and households.
8. Information on Principal Accounts of LLCs Funded through the Money Market Investor Funding Facility
Millions of dollars
Wednesday
Account name Aug 12, 2009
Money market instrument holdings, net (1) 0
Other investments, net 0
Net portfolio holdings of LLCs funded through the Money Market Investor Funding Facility 0
Memorandum: Money market instrument holdings, face value 0
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 0
Accrued interest payable to the Federal Reserve Bank of New York (2) 0
Commercial paper issued by LLCs funded through the Money Market Investor Funding Facility,
net of related discounts 0
1. Book value, which includes amortized cost.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of
condition consistent with consolidation under generally accepted accounting principles. Refer to the note
on consolidation accompanying table 10.
Note: The Federal Reserve Board authorized the Federal Reserve Bank of New York to extend credit under the
authority of section 13(3) of the Federal Reserve Act to a series of limited liability companies funded through
the Money Market Investor Funding Facility (MMIFF). The MMIFF became operational on November 24, 2008. These
limited liability companies were established to purchase short-term U.S. dollar-denominated certificates of
deposit, bank notes, and outstanding asset-backed commercial paper from eligible issuers. Such purchases are
designed to foster liquidity in short-term money markets.
9. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of dollars
Eliminations Change since
from Wednesday Wednesday Wednesday
Assets, liabilities, and capital consolidation Aug 12, 2009 Aug 5, 2009 Aug 13, 2008
Assets
Gold certificate account 11,037 0 0
Special drawing rights certificate account 2,200 0 0
Coin 1,913 - 23 + 535
Securities, repurchase agreements, term auction
credit, and other loans 1,724,644 + 29,027 + 959,309
Securities held outright (1) 1,381,862 + 25,580 + 902,428
U.S. Treasury securities 728,974 + 23,643 + 249,540
Bills (2) 18,423 0 - 3,317
Notes and bonds, nominal (2) 660,465 + 23,546 + 248,734
Notes and bonds, inflation-indexed (2) 44,588 0 + 4,756
Inflation compensation (3) 5,498 + 97 - 633
Federal agency debt securities (2) 110,003 + 1,937 + 110,003
Mortgage-backed securities (4) 542,885 0 + 542,885
Repurchase agreements (5) 0 0 - 118,250
Term auction credit 233,598 0 + 83,598
Other loans 109,184 + 3,447 + 91,533
Net portfolio holdings of Commercial Paper
Funding Facility LLC (6) 58,052 - 3,111 + 58,052
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) 25,988 + 39 - 3,191
Net portfolio holdings of Maiden Lane II LLC (9) 14,818 - 329 + 14,818
Net portfolio holdings of
Maiden Lane III LLC (10) 20,860 - 444 + 20,860
Items in process of collection (301) 462 - 124 - 1,138
Bank premises 2,214 + 6 + 52
Central bank liquidity swaps (11) 75,211 - 1,060 + 13,211
Other assets (12) 80,232 + 1,916 + 39,085
Total assets (301) 2,017,632 + 25,898 +1,101,594
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.
9. Consolidated Statement of Condition of All Federal Reserve Banks (continued)
Millions of dollars
Eliminations Change since
from Wednesday Wednesday Wednesday
Assets, liabilities, and capital consolidation Aug 12, 2009 Aug 5, 2009 Aug 13, 2008
Liabilities
Federal Reserve notes, net of F.R. Bank holdings 872,799 + 649 + 77,698
Reverse repurchase agreements (13) 67,670 + 836 + 23,498
Deposits (0) 1,017,413 + 24,860 + 986,933
Depository institutions 777,026 + 52,376 + 751,681
U.S. Treasury, general account 35,758 - 25,764 + 31,043
U.S. Treasury, supplementary financing account 199,933 - 2 + 199,933
Foreign official 3,039 - 192 + 2,938
Other (0) 1,657 - 1,557 + 1,338
Deferred availability cash items (301) 2,531 - 411 - 61
Other liabilities and accrued dividends (14) 7,385 + 525 + 3,809
Total liabilities (301) 1,967,797 + 26,459 +1,091,877
Capital accounts
Capital paid in 24,603 + 17 + 4,668
Surplus 21,314 + 8 + 2,809
Other capital accounts 3,917 - 587 + 2,239
Total capital 49,834 - 562 + 9,717
Note: Components may not sum to totals because of rounding.
1. Includes securities lent to dealers under the overnight and term securities lending facilities; refer
to table 1A.
2. Face value of the securities.
3. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed
securities.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is
the remaining principal balance of the underlying mortgages.
5. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.
6. Refer to table 7 and the note on consolidation accompanying table 10.
7. Refer to table 8 and the note on consolidation accompanying table 10.
8. Refer to table 4 and the note on consolidation accompanying table 10.
9. Refer to table 5 and the note on consolidation accompanying table 10.
10. Refer to table 6 and the note on consolidation accompanying table 10.
11. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when
the foreign currency is returned to the foreign central bank. This exchange rate equals the market
exchange rate used when the foreign currency was acquired from the foreign central bank.
12. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates.
13. Cash value of agreements, which are collateralized by U.S. Treasury securities.
14. Includes the liabilities of Commercial Paper Funding Facility LLC, the LLCs funded through the Money Market
Investor Funding Facility, Maiden Lane LLC, Maiden Lane II LLC, and Maiden Lane III LLC to entities other
than the Federal Reserve Bank of New York, including liabilities that have recourse only to the portfolio
holdings of these LLCs. Refer to table 4 through table 8 and the note on consolidation accompanying table 10.
10. Statement of Condition of Each Federal Reserve Bank, August 12, 2009
Millions of dollars
Kansas San
Assets, liabilities, and capital Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas Francisco
Assets
Gold certificate account 11,037 412 3,895 450 467 882 1,356 911 329 197 335 621 1,182
Special drawing rights certificate acct. 2,200 115 874 83 104 147 166 212 71 30 66 98 234
Coin 1,913 63 74 157 158 246 233 229 40 61 139 202 310
Securities, repurchase agreements, term
auction credit, and other loans 1,724,644 37,107 821,649 29,441 61,066 53,650 169,967 154,421 56,488 23,487 64,431 68,858 184,080
Securities held outright (1) 1,381,862 26,508 540,136 21,438 54,595 49,798 166,495 149,532 54,136 22,877 62,376 66,815 167,155
U.S. Treasury securities 728,974 13,984 284,938 11,309 28,800 26,270 87,831 78,883 28,558 12,068 32,905 35,247 88,179
Bills (2) 18,423 353 7,201 286 728 664 2,220 1,994 722 305 832 891 2,228
Notes and bonds (3) 710,551 13,631 277,737 11,024 28,072 25,606 85,612 76,889 27,837 11,763 32,074 34,356 85,951
Federal agency debt securities (2) 110,003 2,110 42,997 1,707 4,346 3,964 13,254 11,904 4,309 1,821 4,965 5,319 13,306
Mortgage-backed securities (4) 542,885 10,414 212,201 8,422 21,448 19,564 65,410 58,746 21,268 8,988 24,505 26,249 65,669
Repurchase agreements (5) 0 0 0 0 0 0 0 0 0 0 0 0 0
Term auction credit 233,598 10,312 176,074 7,961 6,471 3,325 3,160 3,646 2,274 441 2,054 1,911 15,969
Other loans 109,184 286 105,439 42 0 527 312 1,242 78 169 1 132 957
Net portfolio holdings of Commercial
Paper Funding Facility LLC (6) 58,052 0 58,052 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) 25,988 0 25,988 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of Maiden
Lane II LLC (9) 14,818 0 14,818 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of Maiden
Lane III LLC (10) 20,860 0 20,860 0 0 0 0 0 0 0 0 0 0
Items in process of collection 763 73 0 100 84 37 146 25 38 44 -35 169 82
Bank premises 2,214 121 233 68 146 239 222 206 134 112 270 249 213
Central bank liquidity swaps (11) 75,211 3,023 19,825 8,289 5,557 21,413 5,771 2,519 751 1,161 744 970 5,188
Other assets (12) 80,232 2,087 28,237 3,648 4,010 9,196 8,525 6,723 2,419 1,320 2,729 2,994 8,344
Interdistrict settlement account 0 + 5,943 + 4,523 + 15,348 - 6,602 + 173,260 - 35,728 - 59,391 - 23,088 - 4,298 - 25,212 - 8,645 - 36,110
Total assets 2,017,933 48,945 999,028 57,583 64,990 259,071 150,659 105,854 37,181 22,115 43,468 65,517 163,522
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.
10. Statement of Condition of Each Federal Reserve Bank, August 12, 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 1,057,429 35,699 383,748 39,823 44,936 83,123 131,639 86,061 31,039 19,763 28,915 62,502 110,180
Less: Notes held by F.R. Banks 184,631 4,759 57,104 6,805 8,577 12,638 25,894 13,443 4,359 3,361 3,524 17,972 26,195
Federal Reserve notes, net 872,799 30,940 326,643 33,018 36,359 70,485 105,746 72,618 26,681 16,402 25,391 44,530 83,985
Reverse repurchase agreements (13) 67,670 1,298 26,450 1,050 2,673 2,439 8,153 7,323 2,651 1,120 3,055 3,272 8,186
Deposits 1,017,413 14,583 626,932 17,832 22,095 171,998 32,693 23,487 7,048 2,939 14,169 16,670 66,969
Depository institutions 777,026 14,577 386,711 17,827 22,091 171,877 32,683 23,485 7,036 2,938 14,167 16,669 66,963
U.S. Treasury, general account 35,758 0 35,758 0 0 0 0 0 0 0 0 0 0
U.S. Treasury, supplementary
financing account 199,933 0 199,933 0 0 0 0 0 0 0 0 0 0
Foreign official 3,039 2 3,010 4 3 11 3 1 0 1 0 1 3
Other 1,657 4 1,519 0 1 109 7 1 11 0 1 0 3
Deferred availability cash items 2,832 127 0 373 342 111 276 281 79 273 199 204 566
Other liabilities and accrued
dividends (14) 7,385 141 4,142 160 232 455 526 458 213 127 194 248 487
Total liabilities 1,968,098 47,090 984,168 52,433 61,701 245,488 147,394 104,168 36,672 20,862 43,008 64,923 160,192
Capital
Capital paid in 24,603 921 7,248 2,607 1,636 6,876 1,562 793 237 621 208 273 1,622
Surplus 21,314 844 5,844 2,316 1,552 5,982 1,612 704 209 324 208 271 1,449
Other capital 3,917 90 1,769 227 100 725 92 190 64 308 44 49 259
Total liabilities and capital 2,017,933 48,945 999,028 57,583 64,990 259,071 150,659 105,854 37,181 22,115 43,468 65,517 163,522
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.
10. Statement of Condition of Each Federal Reserve Bank, August 12, 2009 (continued)
1. Includes securities lent to dealers under the overnight and term securities lending facilities; refer to table 1A.
2. Face value of the securities.
3. Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face value of such securities.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the underlying mortgages.
5. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.
6. Refer to table 7 and the note on consolidation below.
7. Refer to table 8 and the note on consolidation below.
8. Refer to table 4 and the note on consolidation below.
9. Refer to table 5 and the note on consolidation below.
10. Refer to table 6 and the note on consolidation below.
11. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This
exchange rate equals the market exchange rate used when the foreign currency was acquired from the foreign central bank.
12. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates.
13. Cash value of agreements, which are collateralized by U.S. Treasury securities.
14. Includes the liabilities of Commercial Paper Funding Facility LLC, the LLCs funded through the Money Market Investor Funding Facility, Maiden Lane LLC, Maiden Lane II LLC, and Maiden
Lane III LLC to entities other than the Federal Reserve Bank of New York, including liabilities that have recourse only to the portfolio holdings of these LLCs. Refer to table 4 through
table 8 and the note on consolidation below.
Note on consolidation:
The Federal Reserve Bank of New York (FRBNY) has extended loans to several limited liability companies under the authority of section 13(3) of the Federal Reserve Act. On June 26, 2008,
a loan was extended to Maiden Lane LLC, which was formed to acquire certain assets of Bear Stearns. On October 27, 2008, the FRBNY began extending loans to Commercial Paper Funding
Facility LLC, which was formed to purchase three-month U.S. dollar-denominated commercial paper from eligible issuers. On October 21, 2008, the Federal Reserve Board authorized the FRBNY
to extend credit to a series of LLCs funded through the Money Market Investor Funding Facility. These LLCs, which became operational on November 24, 2008, were established to purchase
short-term U.S. dollar-denominated certificates of deposit, bank notes, and commercial paper from eligible issuers. On November 25, 2008, a loan was extended to Maiden Lane III LLC,
which was formed to purchase multi-sector collateralized debt obligations on which the Financial Products group of the American International Group, Inc. has written credit default swap
contracts. On December 12, 2008, a loan was extended to Maiden Lane II LLC, which was formed to purchase residential mortgage-backed securities from the U.S. securities lending
reinvestment portfolio of subsidiaries of American International Group, Inc.
The FRBNY is the sole beneficiary of Commercial Paper Funding Facility LLC and the primary beneficiary of the other LLCs cited above. Consistent with generally accepted accounting principles,
the assets and liabilities of these LLCs have been consolidated with the assets and liabilities of the FRBNY in the preparation of the statements of condition shown on this release. As a
consequence of the consolidation, the extensions of credit from the FRBNY to the LLCs are eliminated, the net assets of the LLCs appear as assets on the previous page (and in table 1 and
table 9), and the liabilities of the LLCs to entities other than the FRBNY, including those with recourse only to the portfolio holdings of the LLCs, are included in other liabilities in
this table (and table 1 and table 9).
11. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts
Millions of dollars
Federal Reserve notes and collateral Wednesday
Aug 12, 2009
Federal Reserve notes outstanding 1,057,429
Less: Notes held by F.R. Banks not subject to collateralization 184,631
Federal Reserve notes to be collateralized 872,799
Collateral held against Federal Reserve notes 872,799
Gold certificate account 11,037
Special drawing rights certificate account 2,200
U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 859,562
Other assets pledged 0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 1,381,862
Less: Face value of securities under reverse repurchase agreements 68,170
U.S. Treasury, agency debt, and mortgage-backed securities
eligible to be pledged 1,313,692
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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