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Release Date: July 23, 2009
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4:30 p.m. EDT
July 23, 2009
The Board’s H.4.1 statistical release, "Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks," has
been modified to reflect recent changes to the System Open Market Account (SOMA) securities lending program. Table 1A, "Memorandum Items," now provides
a breakdown of the amounts of U.S. Treasury securities and federal agency debt securities lent overnight to dealers.
On July 7, 2009, the Federal Reserve announced that federal agency debt securities held in the SOMA portfolio would be offered for loan under the existing
securities lending program. The securities lending program provides a temporary source of U.S. Treasury securities and now federal agency debt
securities, to foster efficient and liquid trading in the market for these securities. Prior to July 9, 2009, only U.S. Treasury securities held in the
SOMA portfolio were offered for loan under the securities lending program.
When securities are lent, the Federal Reserve retains ownership of the securities, so the amount of securities held outright on tables 1, 9, and 10 includes
the securities lent.
FEDERAL RESERVE statistical release
H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
July 23, 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 Jul 22, 2009 Jul 15, 2009 Jul 23, 2008 Jul 22, 2009
Reserve Bank credit 2,010,659 - 1,087 +1,126,759 2,023,907
Securities held outright (1) 1,325,951 + 60,244 + 846,862 1,340,871
U.S. Treasury securities 686,476 + 9,314 + 207,387 692,726
Bills (2) 18,423 0 - 3,317 18,423
Notes and bonds, nominal (2) 618,575 + 7,742 + 206,183 624,575
Notes and bonds, inflation-indexed (2) 44,223 + 1,400 + 5,052 44,438
Inflation compensation (3) 5,255 + 172 - 532 5,291
Federal agency debt securities (2) 102,121 + 2,633 + 102,121 102,680
Mortgage-backed securities (4) 537,354 + 48,297 + 537,354 545,466
Repurchase agreements (5) 0 0 - 104,786 0
Term auction credit 237,634 - 36,057 + 87,634 237,634
Other loans 110,640 - 1,253 + 94,130 109,137
Primary credit 33,748 - 709 + 17,367 33,445
Secondary credit 31 + 31 - 3 121
Seasonal credit 89 + 15 - 7 90
Primary dealer and other broker-dealer credit (6) 0 0 0 0
Asset-Backed Commercial Paper Money Market
Mutual Fund Liquidity Facility 3,560 - 4,438 + 3,560 2,227
Credit extended to American International
Group, Inc. (7) 43,132 + 106 + 43,132 43,277
Term Asset-Backed Securities Loan Facility 30,080 + 3,742 + 30,080 29,978
Other credit extensions 0 0 0 0
Net portfolio holdings of Commercial Paper
Funding Facility LLC (8) 110,501 - 1,859 + 110,501 109,846
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) 25,989 + 31 - 3,036 26,056
Net portfolio holdings of Maiden Lane II LLC (11) 15,755 + 11 + 15,755 15,760
Net portfolio holdings of Maiden Lane III LLC (12) 18,817 + 33 + 18,817 18,837
Float -2,058 + 56 - 654 -2,049
Central bank liquidity swaps (13) 89,864 - 21,914 + 27,864 89,582
Other Federal Reserve assets (14) 77,565 - 379 + 33,671 78,232
Gold stock 11,041 0 0 11,041
Special drawing rights certificate account 2,200 0 0 2,200
Treasury currency outstanding (15) 42,473 + 14 + 3,797 42,473
Total factors supplying reserve funds 2,066,373 - 1,073 +1,130,555 2,079,620
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 Jul 22, 2009 Jul 15, 2009 Jul 23, 2008 Jul 22, 2009
Currency in circulation (15) 908,744 - 1,723 + 78,945 909,530
Reverse repurchase agreements (16) 67,805 - 955 + 25,195 66,833
Foreign official and international accounts 67,805 - 955 + 25,195 66,833
Dealers 0 0 0 0
Treasury cash holdings 347 - 1 + 69 337
Deposits with F.R. Banks, other than reserve balances 280,637 + 30,710 + 267,530 270,095
U.S. Treasury, general account 73,188 + 46,757 + 67,769 61,601
U.S. Treasury, supplementary financing account 199,936 - 3 + 199,936 199,936
Foreign official 1,736 - 1,225 + 1,635 1,884
Service-related 5,165 + 978 - 2,088 5,165
Required clearing balances 5,153 + 966 - 2,100 5,153
Adjustments to compensate for float 12 + 12 + 12 12
Other 612 - 15,797 + 277 1,509
Other liabilities and capital (17) 56,611 + 405 + 12,400 56,613
Total factors, other than reserve balances,
absorbing reserve funds 1,314,145 + 28,438 + 384,140 1,303,409
Reserve balances with Federal Reserve Banks 752,228 - 29,511 + 746,416 776,212
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 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
Jul 22, 2009 Jul 15, 2009 Jul 23, 2008 Jul 22, 2009
Marketable securities held in custody for foreign
official and international accounts (1) 2,786,931 + 4,808 + 433,481 2,790,055
U.S. Treasury securities 1,995,795 + 14,007 + 623,371 1,997,994
Federal agency securities (2) 791,137 - 9,199 - 189,889 792,061
Securities lent to dealers 11,462 - 3,051 - 105,094 17,408
Overnight facility (3) 8,540 - 1,723 + 3,541 14,708
U.S. Treasury securities 8,355 - 1,754 + 3,356 14,587
Federal agency debt securities 185 + 31 + 185 121
Term facility (4) 2,921 - 1,329 - 108,636 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, July 22, 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 86,337 151,298 --- --- --- --- 237,634
Other loans (1) 27,600 8,283 0 73,254 0 --- 109,137
U.S. Treasury securities (2)
Holdings 15,018 23,891 63,994 277,376 183,943 128,504 692,726
Weekly changes + 377 + 233 + 328 + 134 + 7,690 - 66 + 8,696
Federal agency debt securities (3)
Holdings 0 750 12,751 66,649 21,203 1,327 102,680
Weekly changes - 196 0 + 2,730 - 2,730 + 1,060 + 115 + 979
Mortgage-backed securities (4)
Holdings 0 0 0 0 0 545,466 545,466
Weekly changes 0 0 0 0 0 + 19,048 + 19,048
Commercial paper held by
Commercial Paper Funding
Facility LLC (5) 81,508 24,501 0 --- --- --- 106,009
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) 61,413 28,169 0 0 0 0 89,582
Reverse repurchase agreements (7) 66,833 0 --- --- --- --- 66,833
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 Jul 22, 2009
Mortgage-backed securities held outright (1) 545,466
Commitments to buy mortgage-backed securities (2) 134,415
Commitments to sell mortgage-backed securities (2) 19,180
Cash and cash equivalents (3) 37
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 Jul 22, 2009
Net portfolio holdings of Maiden Lane LLC (1) 26,056
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) 348
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3) 1,221
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 March 31, 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 Jul 22, 2009
Net portfolio holdings of Maiden Lane II LLC (1) 15,760
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 17,232
Accrued interest payable to the Federal Reserve Bank of New York (2) 173
Deferred payment and accrued interest payable to subsidiaries of American International
Group, Inc. (3) 1,022
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 March 31, 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 Jul 22, 2009
Net portfolio holdings of Maiden Lane III LLC (1) 18,837
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 20,757
Accrued interest payable to the Federal Reserve Bank of New York (2) 231
Outstanding principal amount and accrued interest on loan payable to American International
Group, Inc. (3) 5,119
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 March 31, 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 Jul 22, 2009
Commercial paper holdings, net (1) 105,848
Other investments, net 3,998
Net portfolio holdings of Commercial Paper Funding Facility LLC 109,846
Memorandum: Commercial paper holdings, face value 106,009
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 105,359
Accrued interest payable to the Federal Reserve Bank of New York (2) 54
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 Jul 22, 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 Jul 22, 2009 Jul 15, 2009 Jul 23, 2008
Assets
Gold certificate account 11,037 0 0
Special drawing rights certificate account 2,200 0 0
Coin 1,838 + 46 + 504
Securities, repurchase agreements, term auction
credit, and other loans 1,687,643 - 11,484 + 936,943
Securities held outright (1) 1,340,871 + 28,721 + 861,750
U.S. Treasury securities 692,726 + 8,696 + 213,605
Bills (2) 18,423 0 - 3,317
Notes and bonds, nominal (2) 624,575 + 7,000 + 212,183
Notes and bonds, inflation-indexed (2) 44,438 + 1,499 + 5,267
Inflation compensation (3) 5,291 + 196 - 527
Federal agency debt securities (2) 102,680 + 979 + 102,680
Mortgage-backed securities (4) 545,466 + 19,048 + 545,466
Repurchase agreements (5) 0 0 - 103,750
Term auction credit 237,634 - 36,057 + 87,634
Other loans 109,137 - 4,149 + 91,307
Net portfolio holdings of Commercial Paper
Funding Facility LLC (6) 109,846 - 1,207 + 109,846
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) 26,056 + 78 - 3,003
Net portfolio holdings of Maiden Lane II LLC (9) 15,760 + 6 + 15,760
Net portfolio holdings of
Maiden Lane III LLC (10) 18,837 + 23 + 18,837
Items in process of collection (390) 438 - 18 - 993
Bank premises 2,211 + 10 + 53
Central bank liquidity swaps (11) 89,582 - 22,059 + 27,582
Other assets (12) 76,033 + 1,264 + 34,909
Total assets (390) 2,041,481 - 33,341 +1,140,437
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 Jul 22, 2009 Jul 15, 2009 Jul 23, 2008
Liabilities
Federal Reserve notes, net of F.R. Bank holdings 869,228 - 1,099 + 74,984
Reverse repurchase agreements (13) 66,833 + 491 + 24,684
Deposits (0) 1,046,319 - 32,871 +1,028,208
Depository institutions 781,389 - 27,435 + 770,421
U.S. Treasury, general account 61,601 - 3,633 + 54,881
U.S. Treasury, supplementary financing account 199,936 - 3 + 199,936
Foreign official 1,884 - 81 + 1,783
Other (0) 1,509 - 1,720 + 1,187
Deferred availability cash items (390) 2,487 - 399 - 464
Other liabilities and accrued dividends (14) 6,477 - 127 + 3,104
Total liabilities (390) 1,991,344 - 34,004 +1,130,516
Capital accounts
Capital paid in 24,516 + 4 + 4,612
Surplus 21,289 + 8 + 2,795
Other capital accounts 4,331 + 650 + 2,513
Total capital 50,137 + 663 + 9,921
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, July 22, 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 1,838 61 73 154 148 241 224 223 40 59 130 190 294
Securities, repurchase agreements, term
auction credit, and other loans 1,687,643 38,463 806,819 29,058 59,781 52,162 165,009 150,006 54,915 22,792 62,591 67,050 178,997
Securities held outright (1) 1,340,871 25,722 524,114 20,802 52,975 48,321 161,557 145,097 52,530 22,199 60,526 64,833 162,196
U.S. Treasury securities 692,726 13,289 270,769 10,747 27,368 24,964 83,464 74,960 27,138 11,468 31,269 33,494 83,794
Bills (2) 18,423 353 7,201 286 728 664 2,220 1,994 722 305 832 891 2,228
Notes and bonds (3) 674,303 12,935 263,568 10,461 26,640 24,300 81,244 72,967 26,417 11,163 30,437 32,604 81,566
Federal agency debt securities (2) 102,680 1,970 40,135 1,593 4,057 3,700 12,372 11,111 4,023 1,700 4,635 4,965 12,421
Mortgage-backed securities (4) 545,466 10,464 213,209 8,462 21,550 19,657 65,721 59,025 21,369 9,030 24,622 26,374 65,981
Repurchase agreements (5) 0 0 0 0 0 0 0 0 0 0 0 0 0
Term auction credit 237,634 10,317 179,566 8,027 6,765 3,399 3,245 3,575 2,273 378 2,063 2,211 15,816
Other loans 109,137 2,424 103,139 229 41 441 207 1,334 112 215 3 6 986
Net portfolio holdings of Commercial
Paper Funding Facility LLC (6) 109,846 0 109,846 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) 26,056 0 26,056 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of Maiden
Lane II LLC (9) 15,760 0 15,760 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of Maiden
Lane III LLC (10) 18,837 0 18,837 0 0 0 0 0 0 0 0 0 0
Items in process of collection 828 19 0 118 96 32 335 10 11 46 67 48 47
Bank premises 2,211 121 228 68 147 238 222 207 135 112 270 248 213
Central bank liquidity swaps (11) 89,582 3,659 22,551 10,032 6,726 25,915 6,984 3,048 909 1,406 901 1,174 6,278
Other assets (12) 76,033 2,020 26,489 3,612 3,859 9,123 8,005 6,263 2,246 1,251 2,537 2,790 7,838
Interdistrict settlement account 0 + 5,094 + 2,024 + 11,085 - 5,356 + 154,856 - 36,934 - 51,192 - 23,402 - 3,635 - 20,663 - 4,184 - 27,694
Total assets 2,041,871 49,963 1,033,452 54,659 65,972 243,597 145,368 109,688 35,255 22,257 46,234 68,036 167,390
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, July 22, 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 1,056,027 35,841 382,052 39,817 45,150 82,592 132,398 86,345 31,054 19,816 28,782 62,358 109,820
Less: Notes held by F.R. Banks 186,799 4,784 57,297 6,828 8,404 12,796 28,002 13,459 4,344 3,174 3,528 18,455 25,728
Federal Reserve notes, net 869,228 31,057 324,754 32,990 36,747 69,796 104,396 72,887 26,710 16,643 25,254 43,903 84,092
Reverse repurchase agreements (13) 66,833 1,282 26,124 1,037 2,640 2,408 8,052 7,232 2,618 1,106 3,017 3,231 8,084
Deposits 1,046,319 15,549 663,925 14,949 22,709 157,358 28,879 27,169 5,095 2,881 17,132 19,791 70,881
Depository institutions 781,389 15,537 399,184 14,944 22,705 157,224 28,870 27,166 5,082 2,881 17,131 19,790 70,875
U.S. Treasury, general account 61,601 0 61,601 0 0 0 0 0 0 0 0 0 0
U.S. Treasury, supplementary
financing account 199,936 0 199,936 0 0 0 0 0 0 0 0 0 0
Foreign official 1,884 2 1,854 4 3 11 3 1 0 1 0 1 3
Other 1,509 10 1,351 1 1 123 7 2 13 0 1 0 2
Deferred availability cash items 2,877 73 0 393 344 97 250 285 113 292 189 280 562
Other liabilities and accrued
dividends (14) 6,477 139 3,487 146 213 398 494 425 201 120 181 230 443
Total liabilities 1,991,734 48,098 1,018,291 49,514 62,653 230,057 142,071 107,998 34,737 21,043 45,772 67,436 164,063
Capital
Capital paid in 24,516 921 7,247 2,607 1,635 6,809 1,559 791 238 621 208 274 1,607
Surplus 21,289 844 5,819 2,316 1,552 5,981 1,612 704 209 324 208 271 1,449
Other capital 4,331 100 2,095 222 132 749 126 195 70 269 46 55 271
Total liabilities and capital 2,041,871 49,963 1,033,452 54,659 65,972 243,597 145,368 109,688 35,255 22,257 46,234 68,036 167,390
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, July 22, 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
Jul 22, 2009
Federal Reserve notes outstanding 1,056,027
Less: Notes held by F.R. Banks not subject to collateralization 186,799
Federal Reserve notes to be collateralized 869,228
Collateral held against Federal Reserve notes 869,228
Gold certificate account 11,037
Special drawing rights certificate account 2,200
U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 855,991
Other assets pledged 0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 1,340,871
Less: Face value of securities under reverse repurchase agreements 66,962
U.S. Treasury, agency debt, and mortgage-backed securities
eligible to be pledged 1,273,909
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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