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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 19, 2010
1. Factors Affecting Reserve Balances of Depository Institutions
Millions of dollars
Reserve Bank credit, related items, and Averages of daily figures Wednesday
reserve balances of depository institutions at Week ended Change from week ended Aug 18, 2010
Federal Reserve Banks Aug 18, 2010 Aug 11, 2010 Aug 19, 2009
Reserve Bank credit 2,302,506 - 6,482 + 276,966 2,296,664
Securities held outright (1) 2,052,150 - 2,360 + 603,329 2,049,778
U.S. Treasury securities 777,367 + 355 + 46,328 779,549
Bills (2) 18,423 0 0 18,423
Notes and bonds, nominal (2) 712,384 + 364 + 49,914 714,571
Notes and bonds, inflation-indexed (2) 41,129 0 - 3,459 41,129
Inflation compensation (3) 5,431 - 10 - 128 5,427
Federal agency debt securities (2) 157,625 - 1,756 + 46,857 157,211
Mortgage-backed securities (4) 1,117,158 - 959 + 510,144 1,113,017
Repurchase agreements (5) 0 0 0 0
Term auction credit 0 0 - 221,081 0
Other loans 61,909 - 465 - 45,235 61,921
Primary credit 12 - 2 - 30,699 57
Secondary credit 0 - 1 - 710 0
Seasonal credit 82 + 3 - 36 89
Asset-Backed Commercial Paper Money Market
Mutual Fund Liquidity Facility 0 0 - 113 0
Credit extended to American International
Group, Inc., net (6) 23,511 - 1 - 15,688 23,487
Term Asset-Backed Securities Loan Facility (7) 38,305 - 463 + 2,013 38,288
Other credit extensions 0 0 0 0
Net portfolio holdings of Commercial Paper
Funding Facility LLC (8) 1 0 - 56,511 0
Net portfolio holdings of Maiden Lane LLC (9) 29,036 - 418 + 3,048 28,981
Net portfolio holdings of Maiden Lane II LLC (10) 15,962 + 4 + 1,140 15,967
Net portfolio holdings of Maiden Lane III LLC (11) 23,303 + 72 + 2,441 23,324
Net portfolio holdings of TALF LLC (12) 540 0 + 540 540
Preferred interests in AIA Aurora LLC and ALICO
Holdings LLC (13) 25,733 0 + 25,733 25,733
Float -1,764 - 3 + 121 -1,807
Central bank liquidity swaps (14) 434 - 812 - 68,707 434
Other Federal Reserve assets (15) 95,203 - 2,500 + 32,149 91,793
Gold stock 11,041 0 0 11,041
Special drawing rights certificate account 5,200 0 + 3,000 5,200
Treasury currency outstanding (16) 43,266 + 14 + 782 43,266
Total factors supplying reserve funds 2,362,013 - 6,468 + 280,748 2,356,171
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 Wednesday
reserve balances of depository institutions at Week ended Change from week ended Aug 18, 2010
Federal Reserve Banks Aug 18, 2010 Aug 11, 2010 Aug 19, 2009
Currency in circulation (16) 946,870 + 522 + 35,947 947,746
Reverse repurchase agreements (17) 60,133 + 153 - 8,015 60,185
Foreign official and international accounts 59,927 + 179 - 8,221 60,185
Dealers 206 - 25 + 206 0
Treasury cash holdings 209 + 10 - 52 218
Deposits with F.R. Banks, other than reserve balances 241,284 - 2,113 - 3,541 237,259
Term deposits held by depository institutions 2,119 0 + 2,119 2,119
U.S. Treasury, general account 28,343 - 7,770 - 1,424 30,217
U.S. Treasury, supplementary financing account 199,955 - 2 + 25 199,955
Foreign official 1,883 - 199 - 1,472 2,095
Service-related 2,459 + 2 - 2,155 2,459
Required clearing balances 2,459 + 2 - 2,155 2,459
Adjustments to compensate for float 0 0 0 0
Other 6,526 + 5,857 - 633 413
Other liabilities and capital (18) 72,187 - 1,214 + 13,289 71,455
Total factors, other than reserve balances,
absorbing reserve funds 1,320,683 - 2,642 + 37,629 1,316,864
Reserve balances with Federal Reserve Banks 1,041,330 - 3,826 + 243,119 1,039,307
Note: Components may not sum to totals because of rounding.
1. Includes securities lent to dealers under the overnight and term securities lending facilities; refer to
table 1A.
2. Face value of the securities.
3. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed
securities.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the
remaining principal balance of the underlying mortgages.
5. Cash value of agreements.
6. Includes outstanding principal and capitalized interest net of unamortized deferred commitment fees and
allowance for loan restructuring. Excludes credit extended to consolidated LLCs.
7. Includes credit extended by the Federal Reserve Bank of New York to eligible borrowers through the Term
Asset-Backed Securities Loan Facility.
8. Refer to table 7 and the note on consolidation accompanying table 11.
9. Refer to table 4 and the note on consolidation accompanying table 11.
10. Refer to table 5 and the note on consolidation accompanying table 11.
11. Refer to table 6 and the note on consolidation accompanying table 11.
12. Refer to table 8 and the note on consolidation accompanying table 11.
13. Refer to table 9.
14. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when
the foreign currency is returned to the foreign central bank. This exchange rate equals the market
exchange rate used when the foreign currency was acquired from the foreign central bank.
15. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange
rates, accrued dividends on the Federal Reserve Bank of New York's (FRBNY) preferred interests in AIA
Aurora LLC and ALICO Holdings LLC, and the fair value adjustment to credit extended by the FRBNY to
eligible borrowers through the Term Asset-Backed Securities Loan Facility.
16. Estimated.
17. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt
securities, and mortgage-backed securities.
18. Includes the liabilities of Commercial Paper Funding Facility LLC, Maiden Lane LLC, Maiden Lane II LLC,
Maiden Lane III LLC, and TALF LLC to entities other than the Federal Reserve Bank of New York, including
liabilities that have recourse only to the portfolio holdings of these LLCs. Refer to table 4 through
table 8 and the note on consolidation accompanying table 11.
Sources: Federal Reserve Banks and the U.S. Department of the Treasury.
1A. Memorandum Items
Millions of dollars
Averages of daily figures Wednesday
Week ended Change from week ended Aug 18, 2010
Memorandum item Aug 18, 2010 Aug 11, 2010 Aug 19, 2009
Marketable securities held in custody for foreign
official and international accounts (1) 3,175,927 + 11,439 + 361,848 3,188,711
U.S. Treasury securities 2,354,653 + 20,469 + 325,011 2,365,628
Federal agency securities (2) 821,274 - 9,030 + 36,838 823,083
Securities lent to dealers 4,517 + 925 - 9,545 6,223
Overnight facility (3) 4,517 + 925 - 9,160 6,223
U.S. Treasury securities 3,103 + 744 - 10,371 4,784
Federal agency debt securities 1,415 + 183 + 1,213 1,439
Term facility (4) 0 0 - 386 0
Note: Components may not sum to totals because of rounding.
1. Face value of the securities. Includes U.S. Treasury STRIPS, other zero-coupon bonds, and mortgage-backed
securities at face value.
2. Includes debt and mortgage-backed securities.
3. Fully collateralized by U.S. Treasury securities.
4. U.S. Treasury securities only. Fully collateralized by U.S. Treasury securities, federal agency
securities, and other highly rated debt securities.
2. Maturity Distribution of Securities, Loans, and Selected Other Assets and Liabilities, August 18, 2010
Millions of dollars
Within 15 16 days to 91 days to Over 1 year Over 5 years Over 10 All
Remaining maturity days 90 days 1 year to 5 years to 10 years years
Other loans (1) 135 11 0 61,775 0 ... 61,921
U.S. Treasury securities (2)
Holdings 14,806 15,077 53,294 341,460 216,083 138,830 779,549
Weekly changes - 4,266 + 2,034 + 5 + 9,647 + 138 - 5,016 + 2,540
Federal agency debt securities (3)
Holdings 709 7,508 38,334 75,567 32,746 2,347 157,211
Weekly changes - 2,170 + 687 + 1,088 - 1,775 0 0 - 2,170
Mortgage-backed securities (4)
Holdings 0 0 0 30 20 1,112,967 1,113,017
Weekly changes 0 0 0 0 0 - 6,441 - 6,442
Commercial paper held by
Commercial Paper Funding
Facility LLC (5) 0 0 0 ... ... ... 0
Asset-backed securities held by
TALF LLC (6) 0 0 0 0 0 0 0
Repurchase agreements (7) 0 0 ... ... ... ... 0
Central bank liquidity swaps (8) 430 4 0 0 0 0 434
Reverse repurchase agreements (7) 60,185 0 ... ... ... ... 60,185
Term deposits 0 2,119 0 ... ... ... 2,119
Note: Components may not sum to totals because of rounding.
. . . Not applicable.
1. Excludes the loans from the Federal Reserve Bank of New York (FRBNY) to Commercial Paper Funding Facility LLC, Maiden Lane
LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC. The loans were eliminated when preparing the FRBNY's statement of
condition consistent with consolidation under generally accepted accounting principles.
2. Face value. For inflation-indexed securities, includes the original face value and compensation that adjusts for the effect of
inflation on the original face value of such securities.
3. Face value.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal
balance of the underlying mortgages.
5. Face value of commercial paper held by Commercial Paper Funding Facility LLC.
6. Face value of asset-backed securities held by TALF LLC, which is the remaining principal balance of the underlying assets.
7. Cash value of agreements.
8. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency
is returned to the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was
acquired from the foreign central bank.
3. Supplemental Information on Mortgage-Backed Securities Purchase Program
Millions of dollars
Wednesday
Account name Aug 18, 2010
Mortgage-backed securities held outright (1) 1,113,017
Commitments to buy mortgage-backed securities (2) 6
Commitments to sell mortgage-backed securities (2) 0
Cash and cash equivalents (3) 145
1. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal
balance of the underlying mortgages.
2. Current face value. Generally settle within 180 days and include commitments associated with outright transactions, dollar rolls,
and coupon swaps.
3. This amount is included in other Federal Reserve assets in table 1 and in other assets in table 10 and table 11.
4. Information on Principal Accounts of Maiden Lane LLC
Millions of dollars
Wednesday
Account name Aug 18, 2010
Net portfolio holdings of Maiden Lane LLC (1) 28,981
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 28,281
Accrued interest payable to the Federal Reserve Bank of New York (2) 541
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3) 1,289
1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to
be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of
June 30, 2010. Any assets purchased after this valuation date are initially recorded at cost until their estimated fair
value as of the purchase date becomes available.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent
with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 11.
3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities
and accrued dividends in table 10 and table 11.
Note: On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended credit to Maiden Lane LLC under the authority of
section 13(3) of the Federal Reserve Act. This limited liability company was formed to acquire certain assets of Bear Stearns and to
manage those assets through time to maximize repayment of the credit extended and to minimize disruption to financial markets.
Payments by Maiden Lane LLC from the proceeds of the net portfolio holdings will be made in the following order: operating expenses
of the LLC, principal due to the FRBNY, interest due to the FRBNY, principal due to JPMorgan Chase & Co., and interest due to
JPMorgan Chase & Co. Any remaining funds will be paid to the FRBNY.
5. Information on Principal Accounts of Maiden Lane II LLC
Millions of dollars
Wednesday
Account name Aug 18, 2010
Net portfolio holdings of Maiden Lane II LLC (1) 15,967
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 13,873
Accrued interest payable to the Federal Reserve Bank of New York (2) 387
Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc. (3) 1,058
1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to
be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of
June 30, 2010. Any assets purchased after this valuation date are initially recorded at cost until their estimated fair
value as of the purchase date becomes available.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent
with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 11.
3. Book value. The deferred payment represents the portion of the proceeds of the net portfolio holdings due to subsidiaries of
American International Group, Inc. in accordance with the asset purchase agreement. The fair value of this payment and accrued
interest payable are included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table
10 and table 11.
Note: On December 12, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden Lane II LLC under the
authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to purchase residential
mortgage-backed securities from the U.S. securities lending reinvestment portfolio of subsidiaries of American International Group,
Inc. (AIG subsidiaries). Payments by Maiden Lane II LLC from the proceeds of the net portfolio holdings will be made in the
following order: operating expenses of Maiden Lane II LLC, principal due to the FRBNY, interest due to the FRBNY, and deferred
payment and interest due to AIG subsidiaries. Any remaining funds will be shared by the FRBNY and AIG subsidiaries.
6. Information on Principal Accounts of Maiden Lane III LLC
Millions of dollars
Wednesday
Account name Aug 18, 2010
Net portfolio holdings of Maiden Lane III LLC (1) 23,324
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 15,107
Accrued interest payable to the Federal Reserve Bank of New York (2) 477
Outstanding principal amount and accrued interest on loan payable to American International Group, Inc. (3) 5,301
1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to
be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of
June 30, 2010. Any assets purchased after this valuation date are initially recorded at cost until their estimated fair
value as of the purchase date becomes available.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent
with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 11.
3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities
and accrued dividends in table 10 and table 11.
Note: On November 25, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden Lane III LLC under the
authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to purchase multi-sector
collateralized debt obligations (CDOs) on which the Financial Products group of American International Group, Inc. (AIG) has written
credit default swap (CDS) contracts. In connection with the purchase of CDOs, the CDS counterparties will concurrently unwind the
related CDS transactions. Payments by Maiden Lane III LLC from the proceeds of the net portfolio holdings will be made in the
following order: operating expenses of Maiden Lane III LLC, principal due to the FRBNY, interest due to the FRBNY, principal due to
AIG, and interest due to AIG. Any remaining funds will be shared by the FRBNY and AIG.
7. Information on Principal Accounts of Commercial Paper Funding Facility LLC
Millions of dollars
Wednesday
Account name Aug 18, 2010
Commercial paper holdings, net (1) 0
Other investments, net 0
Net portfolio holdings of Commercial Paper Funding Facility LLC 0
Memorandum: Commercial paper holdings, face value 0
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 0
Accrued interest payable to the Federal Reserve Bank of New York (2) 0
1. Book value, which includes amortized cost and related fees.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent
with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 11.
Note: On October 27, 2008, the Federal Reserve Bank of New York began extending loans under the authority of section 13(3) of the
Federal Reserve Act to Commercial Paper Funding Facility LLC. This LLC is a limited liability company formed to purchase three-month
U.S. dollar-denominated commercial paper from eligible issuers and thereby foster liquidity in short-term funding markets and
increase the availability of credit for businesses and households.
8. Information on Principal Accounts of TALF LLC
Millions of dollars
Wednesday
Account name Aug 18, 2010
Asset-backed securities holdings (1) 0
Other investments, net 540
Net portfolio holdings of TALF LLC 540
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 0
Accrued interest payable to the Federal Reserve Bank of New York (2) 0
Funding provided by U.S. Treasury to TALF LLC, including accrued interest payable (3) 105
1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to
be conducted in an orderly market on the measurement date.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent
with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 11.
3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities
and accrued dividends in table 10 and table 11.
Note: On November 25, 2008, the Federal Reserve announced the creation of the Term Asset-Backed Securities Loan Facility (TALF)
under the authority of section 13(3) of the Federal Reserve Act. The TALF is a facility under which the Federal Reserve Bank of New
York (FRBNY) extends loans with a term of up to five years to holders of eligible asset-backed securities. The TALF is intended to
assist financial markets in accommodating the credit needs of consumers and businesses by facilitating the issuance of asset-backed
securities collateralized by a variety of consumer and business loans. The loans provided through the TALF to eligible borrowers are
non-recourse, meaning that the obligation of the borrower can be discharged by surrendering the collateral to the FRBNY. The loans
are extended for the market value of the security less an amount known as a haircut. As a result, the borrower bears the initial
risk of a decline in the value of the security.
TALF LLC is a limited liability company formed to purchase and manage any asset-backed securities received by the FRBNY in
connection with the decision of a borrower not to repay a TALF loan. TALF LLC has committed, for a fee, to purchase all asset-backed
securities received by the FRBNY in conjunction with a TALF loan at a price equal to the TALF loan plus accrued but unpaid interest.
Losses on asset-backed securities held by TALF LLC will be offset in the following order: by the commitment fees collected by TALF
LLC, by the interest received on investments of TALF LLC, by up to $4.3 billion in subordinated debt funding provided by the U.S.
Treasury, and finally, by senior debt funding provided by the FRBNY. Payments by TALF LLC from the proceeds of its net portfolio
holdings will be made in the following order: operating expenses of TALF LLC, principal due to the FRBNY, principal due to the U.S.
Treasury, interest due to the FRBNY, and interest due to the U.S. Treasury. Any remaining funds will be shared by the FRBNY and the
U.S. Treasury.
9. Supplemental Information on the Federal Reserve Bank of New York's Preferred Interests in
AIA Aurora LLC and ALICO Holdings LLC
Millions of dollars
Wednesday
Account name Aug 18, 2010
Preferred interests in AIA Aurora LLC and ALICO Holdings LLC (1) 25,733
Accrued dividends on preferred interests in AIA Aurora LLC and ALICO Holdings LLC (2) 173
Preferred interests in AIA Aurora LLC (1) 16,469
Accrued dividends on preferred interests in AIA Aurora LLC (2) 111
Preferred interests in ALICO Holdings LLC (1) 9,264
Accrued dividends on preferred interests in ALICO Holdings LLC (2) 62
Note: Components may not sum to totals because of rounding.
1. Book value.
2. This amount is included in other Federal Reserve assets in table 1 and in other assets in table 10 and table 11.
Note on preferred interests:
In conjunction with the restructuring of the government's assistance to American International Group, Inc. (AIG) announced March 2,
2009, the outstanding balance and amount available of revolving credit provided to AIG by the FRBNY has been reduced in exchange for
preferred interests in two special purpose vehicles, AIA Aurora LLC and ALICO Holdings LLC. These two limited liability companies
were created to directly or indirectly hold all of the outstanding common stock of American International Assurance Company Ltd.
(AIA) and American Life Insurance Company (ALICO), two life insurance subsidiaries of AIG. AIG will retain control of AIA Aurora LLC
and ALICO Holdings LLC, and the FRBNY will have certain consent, disposition, and conversion rights with respect to its preferred
interests.
Dividends accrue as a percentage of the FRBNY's preferred interests in AIA Aurora LLC and ALICO Holdings LLC. On a quarterly basis,
the accrued dividends are capitalized and added to the FRBNY's preferred interests in AIA Aurora LLC and ALICO Holdings LLC.
10. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of dollars
Eliminations from Wednesday Change since
consolidation Aug 18, 2010 Wednesday Wednesday
Assets, liabilities, and capital Aug 11, 2010 Aug 19, 2009
Assets
Gold certificate account 11,037 0 0
Special drawing rights certificate account 5,200 0 + 3,000
Coin 2,061 - 4 + 154
Securities, repurchase agreements, term auction
credit, and other loans 2,111,698 - 6,376 + 326,921
Securities held outright (1) 2,049,778 - 6,070 + 592,373
U.S. Treasury securities 779,549 + 2,540 + 43,463
Bills (2) 18,423 0 0
Notes and bonds, nominal (2) 714,571 + 2,551 + 47,090
Notes and bonds, inflation-indexed (2) 41,129 0 - 3,459
Inflation compensation (3) 5,427 - 10 - 168
Federal agency debt securities (2) 157,211 - 2,170 + 45,424
Mortgage-backed securities (4) 1,113,017 - 6,442 + 503,486
Repurchase agreements (5) 0 0 0
Term auction credit 0 0 - 221,081
Other loans 61,921 - 304 - 44,371
Net portfolio holdings of Commercial Paper
Funding Facility LLC (6) 0 - 1 - 53,742
Net portfolio holdings of Maiden Lane LLC (7) 28,981 - 488 + 2,999
Net portfolio holdings of Maiden Lane II LLC (8) 15,967 + 6 + 1,126
Net portfolio holdings of Maiden Lane III LLC (9) 23,324 + 25 + 2,449
Net portfolio holdings of TALF LLC (10) 540 0 + 540
Preferred interests in AIA Aurora LLC and ALICO
Holdings LLC (11) 25,733 0 + 25,733
Items in process of collection (102) 271 + 55 - 100
Bank premises 2,227 + 1 + 10
Central bank liquidity swaps (12) 434 - 812 - 68,707
Other assets (13) 89,595 - 6,271 + 12,897
Total assets (102) 2,317,069 - 13,863 + 253,280
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.
10. Consolidated Statement of Condition of All Federal Reserve Banks (continued)
Millions of dollars
Eliminations from Wednesday Change since
consolidation Aug 18, 2010 Wednesday Wednesday
Assets, liabilities, and capital Aug 11, 2010 Aug 19, 2009
Liabilities
Federal Reserve notes, net of F.R. Bank holdings 906,756 - 162 + 35,268
Reverse repurchase agreements (14) 60,185 + 1,637 - 8,184
Deposits (0) 1,276,595 - 13,023 + 213,981
Term deposits held by depository institutions 2,119 0 + 2,119
Other deposits held by depository institutions 1,041,795 - 16,435 + 222,989
U.S. Treasury, general account 30,217 + 3,285 - 10,077
U.S. Treasury, supplementary financing account 199,955 - 2 + 25
Foreign official 2,095 + 82 - 1,140
Other (0) 413 + 46 + 64
Deferred availability cash items (102) 2,078 - 159 - 460
Other liabilities and accrued dividends (15) 14,933 - 2,216 + 6,690
Total liabilities (102) 2,260,547 - 13,922 + 247,293
Capital accounts
Capital paid in 26,693 + 22 + 2,036
Surplus 25,839 + 5 + 4,517
Other capital accounts 3,989 + 31 - 566
Total capital 56,522 + 59 + 5,987
Note: Components may not sum to totals because of rounding.
1. Includes securities lent to dealers under the overnight and term securities lending facilities; refer to
table 1A.
2. Face value of the securities.
3. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed
securities.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the
remaining principal balance of the underlying mortgages.
5. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.
6. Refer to table 7 and the note on consolidation accompanying table 11.
7. Refer to table 4 and the note on consolidation accompanying table 11.
8. Refer to table 5 and the note on consolidation accompanying table 11.
9. Refer to table 6 and the note on consolidation accompanying table 11.
10. Refer to table 8 and the note on consolidation accompanying table 11.
11. Refer to table 9.
12. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when
the foreign currency is returned to the foreign central bank. This exchange rate equals the market exchange
rate used when the foreign currency was acquired from the foreign central bank.
13. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates,
accrued dividends on the Federal Reserve Bank of New York's (FRBNY) preferred interests in AIA Aurora LLC
and ALICO Holdings LLC, and the fair value adjustment to credit extended by the FRBNY to eligible borrowers
through the Term Asset-Backed Securities Loan Facility.
14. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt
securities, and mortgage-backed securities.
15. Includes the liabilities of Commercial Paper Funding Facility LLC, Maiden Lane LLC, Maiden Lane II LLC,
Maiden Lane III LLC, and TALF LLC to entities other than the Federal Reserve Bank of New York, including
liabilities that have recourse only to the portfolio holdings of these LLCs. Refer to table 4 through table
8 and the note on consolidation accompanying table 11.
11. Statement of Condition of Each Federal Reserve Bank, August 18, 2010
Millions of dollars
Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas Dallas San
Assets, liabilities, and capital City Francisco
Assets
Gold certificate account 11,037 369 4,038 404 463 846 1,385 887 324 203 296 652 1,170
Special drawing rights certificate acct. 5,200 196 1,818 210 237 412 654 424 150 90 153 282 574
Coin 2,061 64 69 163 150 303 195 318 30 58 149 217 346
Securities, repurchase agreements,
term auction credit, and other
loans 2,111,698 51,873 898,229 47,868 69,643 233,448 193,978 154,534 52,829 28,087 70,336 86,083 224,791
Securities held outright (1) 2,049,778 51,873 836,418 47,868 69,643 233,448 193,966 154,525 52,799 28,061 70,316 86,071 224,791
U.S. Treasury securities 779,549 19,728 318,097 18,205 26,486 88,782 73,767 58,767 20,080 10,672 26,742 32,734 85,490
Bills (2) 18,423 466 7,517 430 626 2,098 1,743 1,389 475 252 632 774 2,020
Notes and bonds (3) 761,127 19,262 310,580 17,775 25,860 86,684 72,024 57,379 19,605 10,420 26,110 31,960 83,470
Federal agency debt securities (2) 157,211 3,978 64,150 3,671 5,341 17,905 14,877 11,852 4,049 2,152 5,393 6,601 17,241
Mortgage-backed securities (4) 1,113,017 28,167 454,170 25,992 37,816 126,761 105,322 83,906 28,669 15,237 38,181 46,736 122,060
Repurchase agreements (5) 0 0 0 0 0 0 0 0 0 0 0 0 0
Term auction credit 0 0 0 0 0 0 0 0 0 0 0 0 0
Other loans 61,921 0 61,811 0 0 0 12 9 31 26 20 12 0
Net portfolio holdings of Commercial
Paper Funding Facility LLC (6) 0 0 0 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of Maiden
Lane LLC (7) 28,981 0 28,981 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of Maiden
Lane II LLC (8) 15,967 0 15,967 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of Maiden
Lane III LLC (9) 23,324 0 23,324 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of TALF LLC (10) 540 0 540 0 0 0 0 0 0 0 0 0 0
Preferred interests in AIA Aurora LLC
and ALICO Holdings LLC (11) 25,733 0 25,733 0 0 0 0 0 0 0 0 0 0
Items in process of collection 373 15 0 28 92 9 44 52 18 18 17 34 47
Bank premises 2,227 123 256 69 143 238 218 210 135 108 266 248 212
Central bank liquidity swaps (12) 434 16 126 47 32 121 27 10 4 12 4 6 29
Other assets (13) 89,595 2,569 33,830 4,245 4,044 14,291 7,585 5,399 1,915 1,600 2,408 3,051 8,659
Interdistrict settlement account 0 + 1,148 + 118,879 + 24,547 - 15,279 + 3,378 - 45,134 - 38,037 - 14,098 + 10,205 - 18,800 - 873 - 25,937
Total assets 2,317,171 56,374 1,151,790 77,581 59,526 253,044 158,952 123,798 41,307 40,382 54,827 89,699 209,891
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.
11. Statement of Condition of Each Federal Reserve Bank, August 18, 2010 (continued)
Millions of dollars
Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas Dallas San
Assets, liabilities, and capital City Francisco
Liabilities
Federal Reserve notes outstanding 1,141,745 40,829 390,467 45,959 46,734 91,118 145,468 88,746 33,616 20,575 34,065 77,453 126,715
Less: Notes held by F.R. Banks 234,989 4,262 102,846 5,351 9,922 14,843 31,292 13,246 4,653 5,436 3,441 12,495 27,202
Federal Reserve notes, net 906,756 36,567 287,620 40,608 36,812 76,275 114,175 75,500 28,963 15,139 30,625 64,958 99,513
Reverse repurchase agreements (14) 60,185 1,523 24,559 1,405 2,045 6,854 5,695 4,537 1,550 824 2,065 2,527 6,600
Deposits 1,276,595 16,131 812,501 29,524 15,995 156,376 35,165 41,760 10,049 22,323 21,373 21,000 94,398
Term deposits held by depository
institutions 2,119 27 886 0 15 96 161 506 0 6 34 62 327
Other deposits held by depository
institutions 1,041,795 16,091 579,146 29,520 15,976 156,171 35,002 41,189 10,047 22,315 21,338 20,937 94,063
U.S. Treasury, general account 30,217 0 30,217 0 0 0 0 0 0 0 0 0 0
U.S. Treasury, supplementary
financing account 199,955 0 199,955 0 0 0 0 0 0 0 0 0 0
Foreign official 2,095 1 2,067 4 3 11 2 1 0 1 0 1 3
Other 413 12 229 0 1 97 0 65 1 0 1 0 6
Deferred availability cash items 2,180 65 0 190 540 92 126 179 63 330 102 91 400
Other liabilities and accrued
dividends (15) 14,933 196 11,203 217 254 728 533 439 192 138 197 273 563
Total liabilities 2,260,649 54,482 1,135,883 71,945 55,646 240,324 155,695 122,416 40,817 38,754 54,362 88,850 201,475
Capital
Capital paid in 26,693 916 7,653 2,807 1,919 5,440 1,551 641 216 806 211 397 4,137
Surplus 25,839 945 7,636 2,803 1,911 7,141 1,581 621 239 712 210 353 1,688
Other capital 3,989 30 618 26 51 139 125 121 35 110 45 99 2,591
Total liabilities and capital 2,317,171 56,374 1,151,790 77,581 59,526 253,044 158,952 123,798 41,307 40,382 54,827 89,699 209,891
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.
11. Statement of Condition of Each Federal Reserve Bank, August 18, 2010 (continued)
1. Includes securities lent to dealers under the overnight and term securities lending facilities; refer to table 1A.
2. Face value of the securities.
3. Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face value of such securities.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the underlying mortgages.
5. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.
6. Refer to table 7 and the note on consolidation below.
7. Refer to table 4 and the note on consolidation below.
8. Refer to table 5 and the note on consolidation below.
9. Refer to table 6 and the note on consolidation below.
10. Refer to table 8 and the note on consolidation below.
11. Refer to table 9.
12. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals
the market exchange rate used when the foreign currency was acquired from the foreign central bank.
13. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates, accrued dividends on the Federal Reserve Bank of New York's (FRBNY) preferred interests
in AIA Aurora LLC and ALICO Holdings LLC, and the fair value adjustment to credit extended by the FRBNY to eligible borrowers through the Term Asset-Backed Securities Loan Facility.
14. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.
15. Includes the liabilities of Commercial Paper Funding Facility LLC, Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to entities other than the Federal Reserve Bank of New
York, including liabilities that have recourse only to the portfolio holdings of these LLCs. Refer to table 4 through table 8 and the note on consolidation below.
Note on consolidation:
The Federal Reserve Bank of New York (FRBNY) has extended loans to several limited liability companies under the authority of section 13(3) of the Federal Reserve Act. On June 26, 2008, a loan was
extended to Maiden Lane LLC, which was formed to acquire certain assets of Bear Stearns. On October 27, 2008, the FRBNY began extending loans to Commercial Paper Funding Facility LLC, which was
formed to purchase three-month U.S. dollar-denominated commercial paper from eligible issuers. On November 25, 2008, a loan was extended to Maiden Lane III LLC, which was formed to purchase
multi-sector collateralized debt obligations on which the Financial Products group of the American International Group, Inc. has written credit default swap contracts. On December 12, 2008, a loan
was extended to Maiden Lane II LLC, which was formed to purchase residential mortgage-backed securities from the U.S. securities lending reinvestment portfolio of subsidiaries of American
International Group, Inc. On November 25, 2008, the Federal Reserve Board authorized the FRBNY to extend credit to TALF LLC, which was formed to purchase and manage any asset-backed securities
received by the FRBNY in connection with the decision of a borrower not to repay a loan extended under the Term Asset-Backed Securities Loan Facility.
The FRBNY is the sole beneficiary of Commercial Paper Funding Facility LLC. The FRBNY is the primary beneficiary of TALF LLC, because of the two beneficiaries of the LLC, the FRBNY and the U.S.
Treasury, the FRBNY is primarily responsible for directing the financial activities of TALF LLC. The FRBNY is the primary beneficiary of the other LLCs cited above because it will receive a majority
of any residual returns of the LLCs and absorb a majority of any residual losses of the LLCs. Consistent with generally accepted accounting principles, the assets and liabilities of these LLCs have
been consolidated with the assets and liabilities of the FRBNY in the preparation of the statements of condition shown on this release. As a consequence of the consolidation, the extensions of credit
from the FRBNY to the LLCs are eliminated, the net assets of the LLCs appear as assets on the previous page (and in table 1 and table 10), and the liabilities of the LLCs to entities other than the
FRBNY, including those with recourse only to the portfolio holdings of the LLCs, are included in other liabilities in this table (and table 1 and table 10).
12. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts
Millions of dollars
Wednesday
Federal Reserve notes and collateral Aug 18, 2010
Federal Reserve notes outstanding 1,141,745
Less: Notes held by F.R. Banks not subject to collateralization 234,989
Federal Reserve notes to be collateralized 906,756
Collateral held against Federal Reserve notes 906,756
Gold certificate account 11,037
Special drawing rights certificate account 5,200
U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 890,519
Other assets pledged 0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 2,049,778
Less: Face value of securities under reverse repurchase agreements 58,657
U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 1,991,120
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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