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June 30, 2011
The Board's H.4.1 statistical release ("Factors Affecting Reserve Balances of Depository Institutions
and Condition Statement of Federal Reserve Banks") for September 25, 2008, overstated the average
amount outstanding of securities lent under the Term Securities Lending Facility (TSLF). On
September 18, 2008, a set of securities lent under the TSLF was returned to the Federal Reserve, but
the return of these securities was not reflected in the reported value for the TSLF until September
24, 2008. As a result, corrections to table 1A, Memorandum Items, have been made to reflect the
earlier return of these securities on September 18, 2008. Under the TSLF, the Federal Reserve
maintained ownership of securities lent, and the lending of securities did not directly affect the
Federal Reserve's assets and liabilities.
In table 1A, the weekly average value of the "Term facility" for the week ended Wednesday,
September 24, 2008, was corrected from $185,636 million to $174,045 million. Also in table 1A, the
weekly average value of "Securities lent to dealers" for the week ended Wednesday, September 24,
2008, was corrected from $204,948 million to $193,357 million.
For Release at
4:30 P.M. Eastern time
September 25, 2008
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 in a number of ways.
On September 17, the Treasury Department announced the Supplementary Financing Program. Under this program, the
Treasury issues marketable debt and deposits the proceeds in an account at the Federal Reserve that is segregated
from the Treasury General Account. This account is shown as “U.S. Treasury, supplementary financing account” in
table 1, table 4, and table 5.
On September 19, the Federal Reserve announced a new lending facility to extend non-recourse loans to U.S. depository
institutions and bank holding companies to finance their purchases of high-quality asset-backed commercial paper
from money market mutual funds. Extensions of this credit are reported in table 1 as “Asset-backed commercial paper
money market mutual fund liquidity facility” and reflected in “Other loans” in table 3, table 4, and table 5.
On September 21, the Board of Governors authorized the Federal Reserve Bank of New York to extend credit to the U.S.
broker-dealer subsidiaries of Goldman Sachs, Morgan Stanley, and Merrill Lynch against all types of collateral that
may be pledged at the Federal Reserve’s primary credit facility for depository institutions or at the existing
Primary Dealer Credit Facility. In addition, the Board authorized the Federal Reserve Bank of New York to extend
credit to the London-based broker-dealer subsidiaries of Goldman Sachs, Morgan Stanley, and Merrill Lynch against
the types of collateral that would be eligible to be pledged at the Primary Dealer Credit Facility. Credit extended
under these authorizations will be included, along with credit extended under the Primary Dealer Credit Facility, in
Table 1 under the entry “Primary dealer and other broker-dealer credit.”
FEDERAL RESERVE statistical release
H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
September 25, 2008
1. Factors Affecting Reserve Balances of Depository Institutions
Millions of dollars
| Reserve Bank credit, related items, and reserve balances of depository institutions at Federal Reserve Banks |
Averages of daily figures | Wednesday Sep 24, 2008 |
||
|---|---|---|---|---|
| Week ended Sep 24, 2008 |
Change from week ended | |||
| Sep 17, 2008 | Sep 26, 2007 | |||
| Reserve Bank credit | 1,134,942 | + 203,602 | + 275,175 | 1,196,804 |
| Securities held outright | 480,272 | + 454 | - 299,362 | 486,578 |
| U.S. Treasury (1) | 476,557 | - 3,261 | - 303,077 | 476,578 |
| Bills (2) | 18,423 | - 3,317 | - 248,596 | 18,423 |
| Notes and bonds, nominal (2) | 411,731 | 0 | - 60,411 | 411,731 |
| Notes and bonds, inflation-indexed (2) | 39,832 | 0 | + 4,079 | 39,832 |
| Inflation compensation (3) | 6,572 | + 57 | + 1,852 | 6,593 |
| Federal agency (2) | 3,714 | + 3,714 | + 3,714 | 10,000 |
| Repurchase agreements (4) | 111,714 | - 12,786 | + 72,607 | 86,000 |
| Term auction credit | 150,000 | 0 | + 150,000 | 150,000 |
| Other loans | 187,753 | + 139,784 | + 187,447 | 262,341 |
| Primary credit | 39,357 | + 17,759 | + 39,269 | 39,327 |
| Secondary credit | 19 | + 11 | + 19 | 19 |
| Seasonal credit | 95 | - 1 | - 123 | 101 |
| Primary dealer and other broker-dealer credit(5) | 88,147 | + 67,879 | + 88,147 | 105,662 |
| Asset-backed commercial paper money market | ||||
| mutual fund liquidity facility | 21,760 | + 21,760 | + 21,760 | 72,667 |
| Other credit extensions | 38,375 | + 32,375 | + 38,375 | 44,566 |
| Net portfolio holdings of Maiden Lane LLC (6) | 29,373 | + 40 | + 29,373 | 29,407 |
| Float | -1,060 | + 12 | - 883 | -1,412 |
| Other Federal Reserve assets | 176,891 | + 76,100 | + 135,994 | 183,890 |
| Gold stock | 11,041 | 0 | 0 | 11,041 |
| Special drawing rights certificate account | 2,200 | 0 | 0 | 2,200 |
| Treasury currency outstanding (7) | 38,774 | + 14 | + 146 | 38,774 |
| Total factors supplying reserve funds | 1,186,957 | + 203,616 | + 275,321 | 1,248,819 |
| Currency in circulation (7) | 833,900 | + 1,514 | + 24,055 | 836,437 |
| Reverse repurchase agreements (8) | 59,790 | + 14,047 | + 24,652 | 90,673 |
| Foreign official and international accounts | 56,219 | + 10,476 | + 21,081 | 65,673 |
| Dealers | 3,571 | + 3,571 | + 3,571 | 25,000 |
| Treasury cash holdings | 262 | - 5 | - 71 | 270 |
| Deposits with F.R. Banks, other than reserve balances | 142,043 | + 127,677 | + 130,300 | 187,138 |
| U.S. Treasury, general account | 5,088 | + 147 | + 327 | 5,175 |
| U.S. Treasury, supplementary financing account | 117,046 | + 117,046 | + 117,046 | 159,806 |
| Foreign official | 119 | - 49 | + 22 | 150 |
| Service-related | 7,363 | + 3 | + 716 | 7,363 |
| Required clearing balances | 7,363 | + 3 | + 716 | 7,363 |
| Adjustments to compensate for float | 0 | 0 | 0 | 0 |
| Other | 12,427 | + 10,530 | + 12,189 | 14,644 |
| Other liabilities and capital (9) | 46,456 | + 2,873 | + 5,306 | 46,361 |
| Total factors, other than reserve balances, | ||||
| absorbing reserve funds | 1,082,451 | + 146,106 | + 184,241 | 1,160,879 |
| Reserve balances with Federal Reserve Banks | 104,506 | + 57,510 | + 91,080 | 87,941 |
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. Cash value of agreements.
5. Includes credit extended through the Primary Dealer Credit Facility and credit extended to certain
other broker-dealers.
6. Fair value. Refer to table 2 and the note on consolidation accompanying table 5.
7. Estimated.
8. Cash value of agreements, which are collateralized by U.S. Treasury securities.
9. Includes the liabilities of Maiden Lane LLC to entities other than the Federal Reserve Bank of New
York, including liabilities that have recourse only to the portfolio holdings of Maiden Lane LLC.
Refer to table 2 and the note on consolidation accompanying table 5.
Sources: Federal Reserve Banks and the U.S. Department of the Treasury.
1A. Memorandum Items, September 24, 2008
Millions of dollars
| Memorandum item | Averages of daily figures | Wednesday Sep 24, 2008 |
||
|---|---|---|---|---|
| Week ended Sep 24, 2008 |
Change from week ended | |||
| Sep 17, 2008 | Sep 26, 2007 | |||
| Marketable securities held in custody for foreign | ||||
| official and international accounts (1) | 2,421,895 | + 13,040 | + 426,649 | 2,435,934 |
| U.S. Treasury | 1,458,093 | + 8,480 | + 243,251 | 1,469,207 |
| Federal agency | 963,802 | + 4,560 | + 183,398 | 966,727 |
| Securities lent to dealers | 193,357 | + 67,683 | + 190,038 | 190,532 |
| Overnight facility (2) | 19,312 | + 10,908 | + 15,993 | 16,059 |
| Term facility (3) | 174,045 | + 56,775 | + 174,045 | 174,473 |
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.
2. Fully collateralized by U.S. Treasury securities.
3. Fully collateralized by U.S. Treasury securities, federal agency securities, and other highly rated debt
securities.
2. Information on Principal Accounts of Maiden Lane LLC
Millions of dollars
| Account name | Wednesday Sep 24, 2008 |
|---|---|
| Net portfolio holdings of Maiden Lane LLC (1) | 29,407 |
| 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) | 161 |
| Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3) | 1,169 |
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, 2008.
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 5.
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 4 and table 5.
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.
3. Maturity Distribution of Term Auction Credit, Other Loans, and Securities, September 24, 2008
Millions of dollars
| U.S. Treasury securities (2) |
Federal agency securities |
|||||||
|---|---|---|---|---|---|---|---|---|
| Remaining maturity | Term auction credit |
Other loans (1) |
Holdings | Weekly changes |
Holdings | Weekly changes |
Repurchase agreements (3) |
Reverse repurchase agreements (3) |
| Within 15 days | 100,000 | 135,248 | 19,326 | + 2,968 | 395 | + 395 | 46,000 | 90,673 |
| 16 days to 90 days | 50,000 | 77,174 | 23,716 | - 6,285 | 5,632 | + 5,632 | 40,000 | 0 |
| 91 days to 1 year | --- | 5,353 | 68,105 | + 4 | 3,973 | + 3,973 | --- | --- |
| Over 1 year to 5 years | --- | 44,566 | 170,694 | + 18 | 0 | 0 | --- | --- |
| Over 5 years to 10 years | --- | --- | 93,353 | + 12 | 0 | 0 | --- | --- |
| Over 10 years | --- | --- | 101,384 | + 23 | 0 | 0 | --- | --- |
| All | 150,000 | 262,341 | 476,578 | - 3,261 | 10,000 | + 10,000 | 86,000 | 90,673 |
* On 10/02/2008, the amount of other loans with remaining maturities of 91 days to 1 year was revised from $49,919
million to $5,353 million. The amount of other loans with remaining maturities over 1 year to 5 years was revised
from --- to $44,566 million.
Note: Components may not sum to totals because of rounding.
--- Not applicable.
1. Excludes the loan from the Federal Reserve Bank of New York to Maiden Lane LLC that was eliminated when
preparing that Bank's statement of condition consistent with consolidation under generally accepted
accounting principles. The loan to Maiden Lane LLC is designed to be repaid from the orderly
liquidation of Maiden Lane LLC's portfolio holdings and does not have a fixed amortization schedule.
2. 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.
3. Cash value of agreements.
4. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of dollars
| Assets, liabilities, and capital | Eliminations from consolidation |
Change since | ||
|---|---|---|---|---|
| Wednesday Sep 24, 2008 |
Wednesday Sep 17, 2008 |
Wednesday Sep 26, 2007 |
||
| Assets | ||||
| Gold certificate account | 11,037 | 0 | 0 | |
| Special drawing rights certificate account | 2,200 | 0 | 0 | |
| Coin | 1,494 | + 26 | + 389 | |
| Securities, repurchase agreements, term auction | ||||
| credit, and other loans | 984,920 | + 135,787 | + 149,080 | |
| Securities held outright | 486,578 | + 6,739 | - 293,055 | |
| U.S. Treasury (1) | 476,578 | - 3,261 | - 303,055 | |
| Bills (2) | 18,423 | - 3,317 | - 248,596 | |
| Notes and bonds, nominal (2) | 411,731 | 0 | - 60,411 | |
| Notes and bonds, inflation-indexed (2) | 39,832 | 0 | + 4,079 | |
| Inflation compensation (3) | 6,593 | + 57 | + 1,874 | |
| Federal agency (2) | 10,000 | + 10,000 | + 10,000 | |
| Repurchase agreements (4) | 86,000 | - 12,000 | + 30,000 | |
| Term auction credit | 150,000 | 0 | + 150,000 | |
| Other loans | 262,341 | + 141,047 | + 262,134 | |
| Net portfolio holdings of Maiden Lane LLC (5) | 29,407 | + 40 | + 29,407 | |
| Items in process of collection | (474) | 968 | + 60 | - 1,639 |
| Bank premises | 2,169 | + 1 | + 79 | |
| Other assets (6) | 181,718 | + 82,429 | + 142,905 | |
| Total assets | (474) | 1,213,912 | + 218,342 | + 320,221 |
| Liabilities | ||||
| Federal Reserve notes, net of F.R. Bank holdings | 799,422 | + 3,328 | + 24,579 | |
| Reverse repurchase agreements (7) | 90,673 | + 44,040 | + 55,361 | |
| Deposits | (0) | 275,076 | + 169,031 | + 235,565 |
| Depository institutions | 95,301 | + 6,199 | + 61,062 | |
| U.S. Treasury, general account | 5,175 | - 337 | + 232 | |
| U.S. Treasury, supplementary financing account | 159,806 | + 159,806 | + 159,806 | |
| Foreign official | 150 | + 48 | + 54 | |
| Other | (0) | 14,644 | + 3,314 | + 14,411 |
| Deferred availability cash items | (474) | 2,380 | - 234 | - 800 |
| Other liabilities and accrued dividends (8,9) | 4,602 | + 1,753 | - 1,404 | |
| Total liabilities | (474) | 1,172,153 | + 217,918 | + 313,302 |
| Capital accounts | ||||
| Capital paid in | 20,236 | + 25 | + 3,089 | |
| Surplus | 18,516 | 0 | + 3,091 | |
| Other capital accounts | 3,008 | + 400 | + 740 | |
| Total capital | 41,759 | + 424 | + 6,919 | |
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. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.
5. Fair value. Refer to table 2 and the note on consolidation accompanying table 5.
6. Includes assets denominated in foreign currencies, which are revalued daily at market exchange rates.
7. Cash value of agreements, which are collateralized by U.S. Treasury securities.
8. Includes exchange-translation account reflecting the daily revaluation at market exchange rates of
foreign exchange commitments.
9. Includes the liabilities of Maiden Lane LLC to entities other than the Federal Reserve Bank of New
York, including liabilities that have recourse only to the portfolio holdings of Maiden Lane LLC.
Refer to the note on consolidation accompanying table 5.
5. Statement of Condition of Each Federal Reserve Bank, September 24, 2008
Millions of dollars
| Assets, liabilities, and capital | Total | Boston | New York | Philadelphia | Cleveland | Richmond | Atlanta | Chicago | St. Louis | Minneapolis | Kansas City |
Dallas | San Francisco |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||||||
| Gold certificate account | 11,037 | 424 | 3,935 | 453 | 423 | 891 | 1,221 | 913 | 344 | 199 | 349 | 636 | 1,249 |
| Special drawing rights certificate acct. | 2,200 | 115 | 874 | 83 | 104 | 147 | 166 | 212 | 71 | 30 | 66 | 98 | 234 |
| Coin | 1,494 | 40 | 73 | 112 | 129 | 191 | 195 | 174 | 57 | 52 | 106 | 163 | 202 |
| Securities, repurchase agreements, term | |||||||||||||
| auction credit, and other loans | 984,920 | 101,009 | 466,774 | 27,454 | 31,012 | 67,153 | 64,953 | 55,066 | 22,263 | 11,523 | 25,670 | 27,650 | 84,394 |
| Securities held outright | 486,578 | 20,409 | 173,122 | 21,245 | 18,451 | 44,122 | 48,414 | 42,945 | 16,814 | 9,186 | 17,866 | 20,184 | 53,821 |
| U.S. Treasury (1) | 476,578 | 19,990 | 169,564 | 20,808 | 18,072 | 43,215 | 47,419 | 42,063 | 16,469 | 8,997 | 17,499 | 19,769 | 52,715 |
| Bills (2) | 18,423 | 773 | 6,555 | 804 | 699 | 1,671 | 1,833 | 1,626 | 637 | 348 | 676 | 764 | 2,038 |
| Notes and bonds (3) | 458,156 | 19,217 | 163,009 | 20,004 | 17,373 | 41,545 | 45,586 | 40,437 | 15,832 | 8,649 | 16,822 | 19,005 | 50,677 |
| Federal agency (2) | 10,000 | 419 | 3,558 | 437 | 379 | 907 | 995 | 883 | 346 | 189 | 367 | 415 | 1,106 |
| Repurchase agreements (4) | 86,000 | 3,607 | 30,598 | 3,755 | 3,261 | 7,798 | 8,557 | 7,590 | 2,972 | 1,624 | 3,158 | 3,567 | 9,513 |
| Term auction credit | 150,000 | 4,300 | 82,865 | 1,782 | 9,300 | 14,852 | 7,690 | 3,051 | 2,075 | 55 | 4,600 | 3,000 | 16,430 |
| Other loans | 262,341 | 72,693 | 180,190 | 672 | 0 | 381 | 292 | 1,479 | 402 | 658 | 47 | 898 | 4,630 |
| Net portfolio holdings of Maiden Lane | |||||||||||||
| LLC (5) | 29,407 | 0 | 29,407 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Items in process of collection | 1,442 | 277 | 0 | -30 | 291 | 59 | 228 | 107 | 18 | 101 | 76 | 114 | 200 |
| Bank premises | 2,169 | 121 | 211 | 64 | 150 | 213 | 226 | 208 | 128 | 111 | 275 | 252 | 209 |
| Other assets (6) | 181,718 | 10,057 | 47,925 | 16,965 | 12,212 | 46,439 | 14,182 | 8,543 | 2,101 | 3,472 | 2,271 | 3,873 | 13,679 |
| Interdistrict settlement account | 0 | -45,820 | +22,560 | - 1,253 | - 3,312 | -23,092 | +24,214 | +13,823 | + 5,367 | + 2,054 | + 3,444 | + 5,619 | - 3,604 |
| Total assets | 1,214,386 | 66,222 | 571,760 | 43,849 | 41,010 | 92,001 | 105,384 | 79,045 | 30,350 | 17,541 | 32,257 | 38,404 | 96,563 |
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. 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. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.
5. Fair value. Refer to the note on consolidation below.
6. Includes assets denominated in foreign currencies, which are revalued daily at market exchange rates.
Note on consolidation:
On June 26, 2008, the Federal Reserve Bank of New York extended a loan under the authority of section 13(3) of the Federal Reserve Act to Maiden Lane LLC, a limited liability company
formed to acquire certain assets of Bear Stearns. The Federal Reserve Bank of New York is the primary beneficiary of Maiden Lane LLC. Consistent with generally accepted accounting
principles, the assets and liabilities of Maiden Lane LLC have been consolidated with the assets and liabilities of the Federal Reserve Bank of New York in the preparation of the
statements of condition shown on this release. As a consequence of the consolidation, the extension of credit from the Federal Reserve Bank of New York to Maiden Lane LLC is
eliminated, the net assets of Maiden Lane LLC appear as an asset in this table (and table 1 and table 4), and the liabilities of Maiden Lane LLC to entities other than the Federal
Reserve Bank of New York, including those with recourse only to the portfolio holdings of Maiden Lane LLC, are included in other liabilities on the next page (and in table 1 and
table 4).
5. Statement of Condition of Each Federal Reserve Bank, September 24, 2008 (continued)
Millions of dollars
| Assets, liabilities, and capital | Total | Boston | New York | Philadelphia | Cleveland | Richmond | Atlanta | Chicago | St. Louis | Minneapolis | Kansas City |
Dallas | San Francisco |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Liabilities | |||||||||||||
| Federal Reserve notes outstanding | 989,581 | 37,180 | 353,830 | 41,020 | 39,517 | 80,736 | 120,762 | 80,762 | 29,947 | 17,501 | 30,768 | 54,908 | 102,649 |
| Less: Notes held by F.R. Banks | 190,158 | 5,809 | 51,602 | 7,063 | 8,826 | 13,185 | 29,934 | 14,554 | 3,704 | 3,005 | 3,775 | 23,169 | 25,532 |
| Federal Reserve notes, net | 799,422 | 31,371 | 302,229 | 33,956 | 30,691 | 67,551 | 90,827 | 66,208 | 26,243 | 14,496 | 26,993 | 31,739 | 77,117 |
| Reverse repurchase agreements (1) | 90,673 | 3,803 | 32,261 | 3,959 | 3,438 | 8,222 | 9,022 | 8,003 | 3,133 | 1,712 | 3,329 | 3,761 | 10,029 |
| Deposits | 275,076 | 28,957 | 224,512 | 729 | 3,249 | 4,972 | 1,662 | 1,617 | 382 | 271 | 1,144 | 1,829 | 5,752 |
| Depository institutions | 95,301 | 28,939 | 44,857 | 725 | 3,244 | 4,900 | 1,659 | 1,615 | 372 | 271 | 1,142 | 1,828 | 5,749 |
| U.S. Treasury, general account | 5,175 | 0 | 5,175 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| U.S. Treasury, supplementary | |||||||||||||
| financing account | 159,806 | 0 | 159,806 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Foreign official | 150 | 2 | 120 | 4 | 3 | 11 | 3 | 2 | 0 | 1 | 0 | 1 | 3 |
| Other | 14,644 | 15 | 14,554 | 0 | 2 | 61 | 0 | 0 | 9 | 0 | 1 | 0 | 0 |
| Deferred availability cash items | 2,854 | 52 | 0 | 451 | 450 | 240 | 221 | 242 | 53 | 262 | 219 | 238 | 427 |
| Other liabilities and accrued | |||||||||||||
| dividends (2,3) | 4,602 | 154 | 2,091 | 184 | 183 | 443 | 369 | 301 | 154 | 107 | 125 | 176 | 316 |
| Total liabilities | 1,172,627 | 64,337 | 561,092 | 39,279 | 38,012 | 81,429 | 102,101 | 76,371 | 29,964 | 16,849 | 31,810 | 37,742 | 93,641 |
| Capital | |||||||||||||
| Capital paid in | 20,236 | 784 | 5,087 | 2,328 | 1,521 | 5,213 | 1,605 | 1,305 | 182 | 320 | 210 | 268 | 1,413 |
| Surplus | 18,516 | 1,050 | 4,678 | 1,814 | 1,291 | 4,999 | 1,426 | 815 | 180 | 355 | 193 | 364 | 1,351 |
| Other capital | 3,008 | 51 | 902 | 429 | 186 | 360 | 253 | 553 | 25 | 17 | 43 | 30 | 158 |
| Total liabilities and capital | 1,214,386 | 66,222 | 571,760 | 43,849 | 41,010 | 92,001 | 105,384 | 79,045 | 30,350 | 17,541 | 32,257 | 38,404 | 96,563 |
Note: Components may not sum to totals because of rounding.
1. Cash value of agreements, which are collateralized by U.S. Treasury securities.
2. Includes exchange-translation account reflecting the daily revaluation at market exchange rates of foreign exchange commitments.
3. Includes the liabilities of Maiden Lane LLC to entities other than the Federal Reserve Bank of New York, including liabilities that have recourse only to the portfolio holdings of
Maiden Lane LLC. Refer to the note on consolidation on the previous page.
6. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts
Millions of dollars
| Federal Reserve notes and collateral | Wednesday Sep 24, 2008 |
|---|---|
| Federal Reserve notes outstanding | 989,581 |
| Less: Notes held by F.R. Banks not subject to collateralization | 190,158 |
| Federal Reserve notes to be collateralized | 799,422 |
| Collateral held against Federal Reserve notes | 799,422 |
| Gold certificate account | 11,037 |
| Special drawing rights certificate account | 2,200 |
| U.S. Treasury and agency securities pledged (1) | 487,847 |
| Other assets pledged | 298,338 |
| Memo: | |
| Total U.S. Treasury and agency securities (1) | 572,578 |
| Less: Face value of securities under reverse repurchase agreements | 84,731 |
| U.S. Treasury and agency securities eligible to be pledged | 487,847 |
Note: Components may not sum to totals because of rounding.
1. Includes face value of U.S. Treasury and agency 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.