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Release Date: April 14, 2011
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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
April 14, 2011
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 Apr 13, 2011
Federal Reserve Banks Apr 13, 2011 Apr 6, 2011 Apr 14, 2010
Reserve Bank credit 2,643,294 + 23,661 + 345,850 2,649,498
Securities held outright (1) 2,437,073 + 21,765 + 413,175 2,442,738
U.S. Treasury securities 1,368,112 + 22,454 + 591,403 1,374,695
Bills (2) 18,423 0 0 18,423
Notes and bonds, nominal (2) 1,283,271 + 22,377 + 574,399 1,289,826
Notes and bonds, inflation-indexed (2) 59,486 0 + 15,709 59,486
Inflation compensation (3) 6,932 + 76 + 1,294 6,960
Federal agency debt securities (2) 131,806 - 689 - 37,109 130,888
Mortgage-backed securities (4) 937,155 0 - 141,118 937,155
Repurchase agreements (5) 0 0 0 0
Term auction credit 0 0 0 0
Other loans 18,242 - 787 - 61,821 17,855
Primary credit 21 - 9 - 6,749 2
Secondary credit 0 0 - 600 0
Seasonal credit 5 + 2 - 16 7
Credit extended to American International
Group, Inc., net (6) 0 0 - 25,538 0
Term Asset-Backed Securities Loan Facility (7) 18,216 - 780 - 28,917 17,847
Other credit extensions 0 0 0 0
Net portfolio holdings of Commercial Paper
Funding Facility LLC (8) 0 0 - 7,800 0
Net portfolio holdings of Maiden Lane LLC (9) 25,619 + 34 - 1,813 25,612
Net portfolio holdings of Maiden Lane II LLC (10) 15,819 - 48 + 628 15,847
Net portfolio holdings of Maiden Lane III LLC (11) 23,014 + 75 + 1,084 23,051
Net portfolio holdings of TALF LLC (12) 718 0 + 314 718
Preferred interests in AIA Aurora LLC and ALICO
Holdings LLC (6) 0 0 - 25,416 0
Float -1,331 + 21 + 460 -1,532
Central bank liquidity swaps (13) 0 0 0 0
Other Federal Reserve assets (14) 124,141 + 2,601 + 27,039 125,208
Gold stock 11,041 0 0 11,041
Special drawing rights certificate account 5,200 0 0 5,200
Treasury currency outstanding (15) 43,738 + 14 + 690 43,738
Total factors supplying reserve funds 2,703,273 + 23,675 + 346,540 2,709,476
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 Apr 13, 2011
Federal Reserve Banks Apr 13, 2011 Apr 6, 2011 Apr 14, 2010
Currency in circulation (15) 1,009,301 + 3,057 + 73,665 1,011,140
Reverse repurchase agreements (16) 56,799 - 4,250 + 2,119 54,022
Foreign official and international accounts 56,799 - 2,728 + 2,119 54,022
Others 0 - 1,521 0 0
Treasury cash holdings 216 + 6 + 8 207
Deposits with F.R. Banks, other than reserve balances 41,533 - 25,768 - 162,603 39,635
Term deposits held by depository institutions 5,081 + 5,081 + 5,081 5,081
U.S. Treasury, general account 25,419 - 29,383 + 13,753 24,772
U.S. Treasury, supplementary financing account 5,000 0 - 169,967 5,000
Foreign official 129 - 6 - 3,088 123
Service-related 2,548 + 36 - 158 2,548
Required clearing balances 2,548 + 36 - 158 2,548
Adjustments to compensate for float 0 0 0 0
Other 3,357 - 1,496 - 8,223 2,112
Funds from American International Group, Inc. asset
dispositions, held as agent (6) 0 0 0 0
Other liabilities and capital (17) 73,162 + 760 + 4,953 72,833
Total factors, other than reserve balances,
absorbing reserve funds 1,181,011 - 26,194 - 81,858 1,177,837
Reserve balances with Federal Reserve Banks 1,522,262 + 49,869 + 428,399 1,531,639
Note: Components may not sum to totals because of rounding.
1. Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.
2. Face value of the securities.
3. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed
securities.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the
remaining principal balance of the underlying mortgages.
5. Cash value of agreements.
6. As a result of the closing of the American International Group, Inc. (AIG) recapitalization plan on
January 14, 2011, the credit extended to AIG was fully repaid and the Federal Reserve's commitment to lend
any further funds was terminated. In addition, the Federal Reserve Bank of New York (FRBNY) has been paid
in full for its preferred interests in AIA Aurora LLC and ALICO Holdings LLC. The funds from AIG asset
dispositions that FRBNY held as agent were the source of repayment of the credit extended to AIG, as well
as a portion of the FRBNY's preferred interests in ALICO Holdings LLC. The remaining FRBNY preferred
interests in ALICO Holdings LLC and AIA Aurora LLC, valued at approximately $20 billion, were purchased by
AIG through a draw on the Treasury's Series F preferred stock commitment and then transferred by AIG to
the Treasury as consideration for the draw on the available Series F funds.
7. Includes credit extended by the Federal Reserve Bank of New York to eligible borrowers through the Term
Asset-Backed Securities Loan Facility.
8. Includes the book value of the commercial paper, net of amortized costs and related fees, and other
investments held by the Commercial Paper Funding Facility LLC.
9. Refer to table 4 and the note on consolidation accompanying table 9.
10. Refer to table 5 and the note on consolidation accompanying table 9.
11. Refer to table 6 and the note on consolidation accompanying table 9.
12. Refer to table 7 and the note on consolidation accompanying table 9.
13. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when
the foreign currency is returned to the foreign central bank. This exchange rate equals the market
exchange rate used when the foreign currency was acquired from the foreign central bank.
14. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange
rates, and the fair value adjustment to credit extended by the FRBNY to eligible borrowers through the
Term Asset-Backed Securities Loan Facility. Before the closing of the AIG recapitalization plan on
January 14, 2011, included accrued dividends on the FRBNY's preferred interests in AIA Aurora LLC and
ALICO Holdings LLC.
15. Estimated.
16. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt
securities, and mortgage-backed securities.
17. Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to
entities other than the Federal Reserve Bank of New York, including liabilities that have recourse only
to the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note on consolidation
accompanying table 9. Also includes the liability for interest on Federal Reserve notes due to U.S.
Treasury. Refer to table 8 and table 9.
Sources: Federal Reserve Banks and the U.S. Department of the Treasury.
1A. Memorandum Items
Millions of dollars
Averages of daily figures Wednesday
Week ended Change from week ended Apr 13, 2011
Memorandum item Apr 13, 2011 Apr 6, 2011 Apr 14, 2010
Marketable securities held in custody for foreign
official and international accounts (1) 3,417,809 + 10,420 + 383,402 3,408,965
U.S. Treasury securities 2,654,919 + 12,147 + 403,877 2,650,037
Federal agency securities (2) 762,890 - 1,727 - 20,475 758,927
Securities lent to dealers 24,471 - 3,694 + 17,942 23,342
Overnight facility (3) 24,471 - 3,694 + 17,942 23,342
U.S. Treasury securities 23,282 - 3,709 + 17,953 22,440
Federal agency debt securities 1,190 + 16 - 10 902
Note: Components may not sum to totals because of rounding.
1. Face value of the securities. Includes U.S. Treasury STRIPS and other zero-coupon bonds at face value and
mortgage-backed securities at original face value.
2. Includes debt and mortgage-backed securities.
3. Fully collateralized by U.S. Treasury securities.
2. Maturity Distribution of Securities, Loans, and Selected Other Assets and Liabilities, April 13, 2011
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) 5 3 5 17,842 0 ... 17,855
U.S. Treasury securities (2)
Holdings 15,733 24,855 68,372 585,483 496,992 183,260 1,374,695
Weekly changes - 3,516 + 3,520 + 1 + 6,365 + 8,116 + 2,003 + 16,488
Federal agency debt securities (3)
Holdings 5,770 10,048 18,592 67,221 26,910 2,347 130,888
Weekly changes + 1,735 - 3,342 0 0 0 0 - 1,607
Mortgage-backed securities (4)
Holdings 0 0 0 20 23 937,112 937,155
Weekly changes 0 0 0 0 0 0 0
Asset-backed securities held by
TALF LLC (5) 0 0 0 0 0 0 0
Repurchase agreements (6) 0 0 ... ... ... ... 0
Central bank liquidity swaps (7) 0 0 0 0 0 0 0
Reverse repurchase agreements (6) 54,022 0 ... ... ... ... 54,022
Term deposits 0 5,081 0 ... ... ... 5,081
Note: Components may not sum to totals because of rounding.
. . . Not applicable.
1. Excludes the loans from the Federal Reserve Bank of New York (FRBNY) to Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III
LLC, and TALF LLC. The loans were eliminated when preparing the FRBNY's statement of condition consistent with consolidation
under generally accepted accounting principles.
2. Face value. For inflation-indexed securities, includes the original face value and compensation that adjusts for the effect of
inflation on the original face value of such securities.
3. Face value.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal
balance of the underlying mortgages.
5. Face value of asset-backed securities held by TALF LLC, which is the remaining principal balance of the underlying assets.
6. Cash value of agreements.
7. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency
is returned to the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was
acquired from the foreign central bank.
3. Supplemental Information on Mortgage-Backed Securities Purchase Program
Millions of dollars
Wednesday
Account name Apr 13, 2011
Mortgage-backed securities held outright (1) 937,155
Commitments to buy mortgage-backed securities (2) 0
Commitments to sell mortgage-backed securities (2) 0
Cash and cash equivalents (3) 0
1. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal
balance of the underlying mortgages.
2. Current face value. Generally settle within 180 days and include commitments associated with outright transactions, dollar rolls,
and coupon swaps.
3. This amount is included in other Federal Reserve assets in table 1 and in other assets in table 8 and table 9.
4. Information on Principal Accounts of Maiden Lane LLC
Millions of dollars
Wednesday
Account name Apr 13, 2011
Net portfolio holdings of Maiden Lane LLC (1) 25,612
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 23,470
Accrued interest payable to the Federal Reserve Bank of New York (2) 670
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3) 1,334
1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to
be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of
December 31, 2010. Any assets purchased after this valuation date are initially recorded at cost until their estimated fair
value as of the purchase date becomes available.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent
with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9.
3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities
and accrued dividends in table 8 and table 9.
Note: On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended credit to Maiden Lane LLC under the authority of
section 13(3) of the Federal Reserve Act. This limited liability company was formed to acquire certain assets of Bear Stearns and to
manage those assets through time to maximize repayment of the credit extended and to minimize disruption to financial markets.
Payments by Maiden Lane LLC from the proceeds of the net portfolio holdings will be made in the following order: operating expenses
of the LLC, principal due to the FRBNY, interest due to the FRBNY, principal due to JPMorgan Chase & Co., and interest due to
JPMorgan Chase & Co. Any remaining funds will be paid to the FRBNY.
5. Information on Principal Accounts of Maiden Lane II LLC
Millions of dollars
Wednesday
Account name Apr 13, 2011
Net portfolio holdings of Maiden Lane II LLC (1) 15,847
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 12,155
Accrued interest payable to the Federal Reserve Bank of New York (2) 498
Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc. (3) 1,081
1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to
be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of
December 31, 2010. Any assets purchased after this valuation date are initially recorded at cost until their estimated fair
value as of the purchase date becomes available.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent
with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9.
3. Book value. The deferred payment represents the portion of the proceeds of the net portfolio holdings due to subsidiaries of
American International Group, Inc. in accordance with the asset purchase agreement. The fair value of this payment and accrued
interest payable are included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table
8 and table 9.
Note: On December 12, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden Lane II LLC under the
authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to purchase residential
mortgage-backed securities from the U.S. securities lending reinvestment portfolio of subsidiaries of American International Group,
Inc. (AIG subsidiaries). Payments by Maiden Lane II LLC from the proceeds of the net portfolio holdings will be made in the
following order: operating expenses of Maiden Lane II LLC, principal due to the FRBNY, interest due to the FRBNY, and deferred
payment and interest due to AIG subsidiaries. Any remaining funds will be shared by the FRBNY and AIG subsidiaries.
6. Information on Principal Accounts of Maiden Lane III LLC
Millions of dollars
Wednesday
Account name Apr 13, 2011
Net portfolio holdings of Maiden Lane III LLC (1) 23,051
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 12,346
Accrued interest payable to the Federal Reserve Bank of New York (2) 592
Outstanding principal amount and accrued interest on loan payable to American International Group, Inc. (3) 5,415
1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to
be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of
December 31, 2010. Any assets purchased after this valuation date are initially recorded at cost until their estimated fair
value as of the purchase date becomes available.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent
with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9.
3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities
and accrued dividends in table 8 and table 9.
Note: On November 25, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden Lane III LLC under the
authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to purchase multi-sector
collateralized debt obligations (CDOs) on which the Financial Products group of American International Group, Inc. (AIG) has written
credit default swap (CDS) contracts. In connection with the purchase of CDOs, the CDS counterparties will concurrently unwind the
related CDS transactions. Payments by Maiden Lane III LLC from the proceeds of the net portfolio holdings will be made in the
following order: operating expenses of Maiden Lane III LLC, principal due to the FRBNY, interest due to the FRBNY, principal due to
AIG, and interest due to AIG. Any remaining funds will be shared by the FRBNY and AIG.
7. Information on Principal Accounts of TALF LLC
Millions of dollars
Wednesday
Account name Apr 13, 2011
Asset-backed securities holdings (1) 0
Other investments, net 718
Net portfolio holdings of TALF LLC 718
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 0
Accrued interest payable to the Federal Reserve Bank of New York (2) 0
Funding provided by U.S. Treasury to TALF LLC, including accrued interest payable (3) 107
1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to
be conducted in an orderly market on the measurement date.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent
with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9.
3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities
and accrued dividends in table 8 and table 9.
Note: On November 25, 2008, the Federal Reserve announced the creation of the Term Asset-Backed Securities Loan Facility (TALF)
under the authority of section 13(3) of the Federal Reserve Act. The TALF is a facility under which the Federal Reserve Bank of New
York (FRBNY) extends loans with a term of up to five years to holders of eligible asset-backed securities. The TALF is intended to
assist financial markets in accommodating the credit needs of consumers and businesses by facilitating the issuance of asset-backed
securities collateralized by a variety of consumer and business loans. The loans provided through the TALF to eligible borrowers are
non-recourse, meaning that the obligation of the borrower can be discharged by surrendering the collateral to the FRBNY. The loans
are extended for the market value of the security less an amount known as a haircut. As a result, the borrower bears the initial
risk of a decline in the value of the security.
TALF LLC is a limited liability company formed to purchase and manage any asset-backed securities received by the FRBNY in
connection with the decision of a borrower not to repay a TALF loan. TALF LLC has committed, for a fee, to purchase all asset-backed
securities received by the FRBNY in conjunction with a TALF loan at a price equal to the TALF loan plus accrued but unpaid interest.
Losses on asset-backed securities held by TALF LLC will be offset in the following order: by the commitment fees collected by TALF
LLC, by the interest received on investments of TALF LLC, by up to $4.3 billion in subordinated debt funding provided by the U.S.
Treasury, and finally, by senior debt funding provided by the FRBNY. Payments by TALF LLC from the proceeds of its net portfolio
holdings will be made in the following order: operating expenses of TALF LLC, principal due to the FRBNY, principal due to the U.S.
Treasury, interest due to the FRBNY, and interest due to the U.S. Treasury. Any remaining funds will be shared by the FRBNY and the
U.S. Treasury.
8. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of dollars
Eliminations from Wednesday Change since
consolidation Apr 13, 2011 Wednesday Wednesday
Assets, liabilities, and capital Apr 6, 2011 Apr 14, 2010
Assets
Gold certificate account 11,037 0 0
Special drawing rights certificate account 5,200 0 0
Coin 2,179 0 + 112
Securities, repurchase agreements, term auction
credit, and other loans 2,460,593 + 14,242 + 333,781
Securities held outright (1) 2,442,738 + 14,881 + 395,251
U.S. Treasury securities 1,374,695 + 16,488 + 597,984
Bills (2) 18,423 0 0
Notes and bonds, nominal (2) 1,289,826 + 16,411 + 580,954
Notes and bonds, inflation-indexed (2) 59,486 0 + 15,709
Inflation compensation (3) 6,960 + 76 + 1,321
Federal agency debt securities (2) 130,888 - 1,607 - 38,015
Mortgage-backed securities (4) 937,155 0 - 164,719
Repurchase agreements (5) 0 0 0
Term auction credit 0 0 0
Other loans 17,855 - 639 - 61,470
Net portfolio holdings of Commercial Paper
Funding Facility LLC (6) 0 0 - 7,809
Net portfolio holdings of Maiden Lane LLC (7) 25,612 - 8 - 1,910
Net portfolio holdings of Maiden Lane II LLC (8) 15,847 + 33 + 656
Net portfolio holdings of Maiden Lane III LLC (9) 23,051 + 43 + 1,015
Net portfolio holdings of TALF LLC (10) 718 0 + 314
Preferred interests in AIA Aurora LLC and ALICO
Holdings LLC (11) 0 0 - 25,416
Items in process of collection (101) 130 - 74 - 54
Bank premises 2,213 0 - 26
Central bank liquidity swaps (12) 0 0 0
Other assets (13) 123,002 + 2,534 + 26,182
Total assets (101) 2,669,583 + 16,771 + 326,846
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.
8. Consolidated Statement of Condition of All Federal Reserve Banks (continued)
Millions of dollars
Eliminations from Wednesday Change since
consolidation Apr 13, 2011 Wednesday Wednesday
Assets, liabilities, and capital Apr 6, 2011 Apr 14, 2010
Liabilities
Federal Reserve notes, net of F.R. Bank holdings 969,784 + 1,736 + 74,334
Reverse repurchase agreements (14) 54,022 - 600 - 1,204
Deposits (0) 1,571,282 + 15,222 + 251,167
Term deposits held by depository institutions 5,081 + 5,081 + 5,081
Other deposits held by depository institutions 1,534,194 + 29,056 + 470,214
U.S. Treasury, general account 24,772 - 16,190 + 15,294
U.S. Treasury, supplementary financing account 5,000 0 - 169,967
Foreign official 123 - 40 - 2,523
Other (0) 2,112 - 2,685 - 66,932
Deferred availability cash items (101) 1,662 - 224 - 771
Other liabilities and accrued dividends (15) 20,251 + 641 + 5,078
Total liabilities (101) 2,617,001 + 16,776 + 328,604
Capital accounts
Capital paid in 26,291 - 2 + 68
Surplus 26,291 - 2 + 735
Other capital accounts 0 0 - 2,562
Total capital 52,582 - 5 - 1,758
Note: Components may not sum to totals because of rounding.
1. Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.
2. Face value of the securities.
3. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed
securities.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the
remaining principal balance of the underlying mortgages.
5. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.
6. Includes the book value of the commercial paper, net of amortized costs and related fees, and other
investments held by the Commercial Paper Funding Facility LLC.
7. Refer to table 4 and the note on consolidation accompanying table 9.
8. Refer to table 5 and the note on consolidation accompanying table 9.
9. Refer to table 6 and the note on consolidation accompanying table 9.
10. Refer to table 7 and the note on consolidation accompanying table 9.
11. As a result of the closing of the AIG recapitalization plan on January 14, 2011, the Federal Reserve Bank
of New York has been paid in full for its preferred interests in AIA Aurora LLC and ALICO Holdings LLC. A
portion of the preferred interests was redeemed by AIG with the funds from AIG asset dispositions that were
held as agent by the Federal Reserve.
12. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when
the foreign currency is returned to the foreign central bank. This exchange rate equals the market exchange
rate used when the foreign currency was acquired from the foreign central bank.
13. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates
and the fair value adjustment to credit extended by the Federal Reserve Bank of New York (FRBNY) to
eligible borrowers through the Term Asset-Backed Securities Loan Facility. Before the closing of the AIG
recapitalization plan on January 14, 2011, included accrued dividends on the FRBNY's preferred interests in
AIA Aurora LLC and ALICO Holdings LLC.
14. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt
securities, and mortgage-backed securities.
15. Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to
entities other than the Federal Reserve Bank of New York, including liabilities that have recourse only to
the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note on consolidation
accompanying table 9. Also includes the liability for interest on Federal Reserve notes due to U.S.
Treasury. Before the closing of the AIG recapitalization plan on January 14, 2011, included funds from
American International Group, Inc. asset dispositions, held as agent.
9. Statement of Condition of Each Federal Reserve Bank, April 13, 2011
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 2,179 53 82 168 160 363 172 340 32 62 159 223 364
Securities, repurchase agreements,
term auction credit, and other
loans 2,460,593 61,818 1,014,615 57,045 82,994 278,201 231,150 184,152 62,924 33,441 83,796 102,572 267,886
Securities held outright (1) 2,442,738 61,818 996,766 57,045 82,994 278,201 231,150 184,149 62,921 33,441 83,796 102,572 267,886
U.S. Treasury securities 1,374,695 34,789 560,948 32,103 46,706 156,563 130,084 103,633 35,410 18,819 47,158 57,724 150,757
Bills (2) 18,423 466 7,517 430 626 2,098 1,743 1,389 475 252 632 774 2,020
Notes and bonds (3) 1,356,272 34,323 553,431 31,673 46,080 154,465 128,341 102,244 34,935 18,567 46,526 56,950 148,737
Federal agency debt securities (2) 130,888 3,312 53,409 3,057 4,447 14,907 12,386 9,867 3,371 1,792 4,490 5,496 14,354
Mortgage-backed securities (4) 937,155 23,716 382,409 21,885 31,840 106,732 88,681 70,649 24,139 12,829 32,148 39,352 102,774
Repurchase agreements (5) 0 0 0 0 0 0 0 0 0 0 0 0 0
Term auction credit 0 0 0 0 0 0 0 0 0 0 0 0 0
Other loans 17,855 0 17,848 0 0 0 0 3 4 1 1 0 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) 25,612 0 25,612 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of Maiden
Lane II LLC (8) 15,847 0 15,847 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of Maiden
Lane III LLC (9) 23,051 0 23,051 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of TALF LLC (10) 718 0 718 0 0 0 0 0 0 0 0 0 0
Preferred interests in AIA Aurora LLC
and ALICO Holdings LLC (11) 0 0 0 0 0 0 0 0 0 0 0 0 0
Items in process of collection 231 4 0 48 59 6 -26 23 11 39 25 22 20
Bank premises 2,213 125 256 68 139 238 216 208 136 107 263 246 212
Central bank liquidity swaps (12) 0 0 0 0 0 0 0 0 0 0 0 0 0
Other assets (13) 123,002 3,386 46,906 4,879 5,256 16,491 10,653 7,909 2,721 2,171 3,545 4,466 14,619
Interdistrict settlement account 0 - 9,080 + 288,393 + 40,834 - 17,287 - 94,239 - 72,347 - 28,539 - 23,307 - 8,014 - 30,510 - 7,771 - 38,132
Total assets 2,669,683 56,871 1,421,336 103,656 72,020 202,319 171,858 165,403 42,992 28,098 57,728 100,692 246,712
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.
9. Statement of Condition of Each Federal Reserve Bank, April 13, 2011 (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 1,124,270 43,117 386,809 46,313 46,496 90,042 140,623 86,175 31,833 19,619 32,444 75,250 125,548
Less: Notes held by F.R. Banks 154,486 4,487 43,356 4,948 7,229 11,908 22,626 12,575 3,981 5,282 3,245 11,084 23,764
Federal Reserve notes, net 969,784 38,630 343,453 41,365 39,267 78,134 117,997 73,600 27,852 14,337 29,199 64,166 101,783
Reverse repurchase agreements (14) 54,022 1,367 22,044 1,262 1,835 6,152 5,112 4,072 1,391 740 1,853 2,268 5,924
Deposits 1,571,282 14,703 1,025,741 55,777 26,350 105,997 44,865 85,653 12,986 10,756 25,782 33,013 129,659
Term deposits held by depository
institutions 5,081 15 2,550 1,250 11 765 7 226 52 35 11 10 148
Other deposits held by depository
institutions 1,534,194 14,685 991,435 54,522 26,335 105,069 44,856 85,401 12,903 10,719 25,769 33,002 129,496
U.S. Treasury, general account 24,772 0 24,772 0 0 0 0 0 0 0 0 0 0
U.S. Treasury, supplementary
financing account 5,000 0 5,000 0 0 0 0 0 0 0 0 0 0
Foreign official 123 1 95 4 3 8 2 1 0 1 0 1 6
Other 2,112 1 1,890 0 1 155 0 25 30 0 1 0 9
Deferred availability cash items 1,763 62 0 308 216 64 97 107 62 411 99 84 253
Interest on Federal Reserve notes due
to U.S. Treasury (15) 2,032 59 818 73 86 257 172 133 43 31 55 71 232
Other liabilities and accrued
dividends (16) 18,219 216 13,866 254 328 847 604 505 216 160 225 312 685
Total liabilities 2,617,101 55,037 1,405,922 99,038 68,083 191,452 168,847 164,071 42,552 26,435 57,213 99,915 238,537
Capital
Capital paid in 26,291 917 7,707 2,309 1,968 5,433 1,505 666 220 831 257 389 4,088
Surplus 26,291 917 7,707 2,309 1,968 5,433 1,505 666 220 831 257 389 4,088
Other capital 0 0 0 0 0 0 0 0 0 0 0 0 0
Total liabilities and capital 2,669,683 56,871 1,421,336 103,656 72,020 202,319 171,858 165,403 42,992 28,098 57,728 100,692 246,712
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.
9. Statement of Condition of Each Federal Reserve Bank, April 13, 2011 (continued)
1. Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.
2. Face value of the securities.
3. Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face value of such securities.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the underlying mortgages.
5. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.
6. Includes the book value of the commercial paper, net of amortized costs and related fees, and other investments held by the Commercial Paper Funding Facility LLC.
7. Refer to table 4 and the note on consolidation below.
8. Refer to table 5 and the note on consolidation below.
9. Refer to table 6 and the note on consolidation below.
10. Refer to table 7 and the note on consolidation below.
11. As a result of the closing of the AIG recapitalization plan on January 14, 2011, the Federal Reserve Bank of New York has been paid in full for its preferred interests in AIA Aurora LLC and ALICO
Holdings LLC. A portion of the preferred interests was redeemed by AIG with the funds from AIG asset dispositions that were held as agent by the Federal Reserve.
12. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals
the market exchange rate used when the foreign currency was acquired from the foreign central bank.
13. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates and the fair value adjustment to credit extended by the Federal Reserve Bank of New York
(FRBNY) to eligible borrowers through the Term Asset-Backed Securities Loan Facility. Before the closing of the AIG recapitalization plan on January 14, 2011, included accrued dividends on the
FRBNY's preferred interests in AIA Aurora LLC and ALICO Holdings LLC.
14. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.
15. Represents the estimated weekly remittances to U.S Treasury as interest on Federal Reserve notes or, in those cases where the Reserve Bank's net earnings are not sufficient to equate surplus to
capital paid-in, the deferred asset for interest on Federal Reserve notes. The amount of any deferred asset, which is presented as a negative amount in this line, represents the amount of the
Federal Reserve Bank's earnings that must be retained before remittances to the U.S. Treasury resume. The amounts on this line are calculated in accordance with Board of Governors policy, which
requires the Federal Reserve Banks to remit residual earnings to the U.S. Treasury as interest on Federal Reserve notes after providing for the costs of operations, payment of dividends, and the
amount necessary to equate surplus with capital paid-in.
16. Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to entities other than the Federal Reserve Bank of New York, including liabilities that have
recourse only to the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note on consolidation below. Before the closing of the AIG recapitalization plan on January 14,
2011, included funds from American International Group, Inc. asset dispositions, held as agent.
Note on consolidation:
The Federal Reserve Bank of New York (FRBNY) has extended loans to several limited liability companies under the authority of section 13(3) of the Federal Reserve Act. On June 26, 2008, a loan was
extended to Maiden Lane LLC, which was formed to acquire certain assets of Bear Stearns. On November 25, 2008, a loan was extended to Maiden Lane III LLC, which was formed to purchase multi-sector
collateralized debt obligations on which the Financial Products group of the American International Group, Inc. has written credit default swap contracts. On December 12, 2008, a loan was extended to
Maiden Lane II LLC, which was formed to purchase residential mortgage-backed securities from the U.S. securities lending reinvestment portfolio of subsidiaries of American International Group, Inc.
On November 25, 2008, the Federal Reserve Board authorized the FRBNY to extend credit to TALF LLC, which was formed to purchase and manage any asset-backed securities received by the FRBNY in
connection with the decision of a borrower not to repay a loan extended under the Term Asset-Backed Securities Loan Facility.
The FRBNY is the primary beneficiary of TALF LLC, because of the two beneficiaries of the LLC, the FRBNY and the U.S. Treasury, the FRBNY is primarily responsible for directing the financial
activities of TALF LLC. The FRBNY is the primary beneficiary of the other LLCs cited above because it will receive a majority of any residual returns of the LLCs and absorb a majority of any residual
losses of the LLCs. Consistent with generally accepted accounting principles, the assets and liabilities of these LLCs have been consolidated with the assets and liabilities of the FRBNY in the
preparation of the statements of condition shown on this release. As a consequence of the consolidation, the extensions of credit from the FRBNY to the LLCs are eliminated, the net assets of the LLCs
appear as assets on the previous page (and in table 1 and table 8), and the liabilities of the LLCs to entities other than the FRBNY, including those with recourse only to the portfolio holdings of
the LLCs, are included in other liabilities in this table (and table 1 and table 8).
10. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts
Millions of dollars
Wednesday
Federal Reserve notes and collateral Apr 13, 2011
Federal Reserve notes outstanding 1,124,270
Less: Notes held by F.R. Banks not subject to collateralization 154,486
Federal Reserve notes to be collateralized 969,784
Collateral held against Federal Reserve notes 969,784
Gold certificate account 11,037
Special drawing rights certificate account 5,200
U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 953,547
Other assets pledged 0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 2,442,738
Less: Face value of securities under reverse repurchase agreements 38,196
U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 2,404,542
Note: Components may not sum to totals because of rounding.
1. Includes face value of U.S. Treasury, agency debt, and mortgage-backed securities held outright,
compensation to adjust for the effect of inflation on the original face value of inflation-indexed
securities, and cash value of repurchase agreements.
2. Includes securities lent to dealers under the overnight securities lending facility; refer to table
1A.
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