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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
March 5, 2009
1. Factors Affecting Reserve Balances of Depository Institutions
Millions of dollars
Reserve Bank credit, related items, and Averages of daily figures
reserve balances of depository institutions at Week ended Change from week ended Wednesday
Federal Reserve Banks Mar 4, 2009 Feb 25, 2009 Mar 5, 2008 Mar 4, 2009
Reserve Bank credit 1,891,437 - 8,752 +1,017,956 1,884,079
Securities held outright 581,721 + 2,638 - 131,644 581,759
U.S. Treasury securities (1) 474,607 - 77 - 238,758 474,619
Bills (2) 18,423 0 - 181,937 18,423
Notes and bonds, nominal (2) 412,914 0 - 57,096 412,914
Notes and bonds, inflation-indexed (2) 39,378 0 + 941 39,378
Inflation compensation (3) 3,893 - 78 - 666 3,905
Federal agency debt securities (2) 38,252 + 2,383 + 38,252 38,238
Mortgage-backed securities (4) 68,862 + 333 + 68,862 68,902
Repurchase agreements (5) 0 0 - 59,357 0
Term auction credit 493,145 + 45,582 + 433,145 493,145
Other loans 140,945 + 1,481 + 140,587 140,343
Primary credit 65,961 + 1,553 + 65,606 66,728
Secondary credit 0 - 7 0 0
Seasonal credit 2 0 - 1 2
Primary dealer and other broker-dealer credit (6) 23,799 - 1,819 + 23,799 23,557
Asset-backed Commercial Paper Money Market
Mutual Fund Liquidity Facility 9,531 - 1,851 + 9,531 8,087
Credit extended to American International
Group, Inc. (7) 41,652 + 3,606 + 41,652 41,969
Other credit extensions 0 0 0 0
Net portfolio holdings of Commercial Paper
Funding Facility LLC (8) 242,052 - 4,181 + 242,052 241,296
Net portfolio holdings of LLCs funded through
the Money Market Investor Funding Facility (9) 0 0 0 0
Net portfolio holdings of Maiden Lane LLC (10) 25,989 + 65 + 25,989 26,107
Net portfolio holdings of Maiden Lane II LLC (11) 18,655 + 14 + 18,655 18,708
Net portfolio holdings of Maiden Lane III LLC (12) 27,702 + 25 + 27,702 27,745
Float -2,294 + 86 - 920 -2,949
Central bank liquidity swaps (13) 320,389 - 54,201 + 320,389 315,211
Other Federal Reserve assets (14) 43,133 - 262 + 1,358 42,714
Gold stock 11,041 0 0 11,041
Special drawing rights certificate account 2,200 0 0 2,200
Treasury currency outstanding (15) 38,800 + 14 + 120 38,800
Total factors supplying reserve funds 1,943,478 - 8,738 +1,018,076 1,936,120
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.
1. Factors Affecting Reserve Balances of Depository Institutions (continued)
Millions of dollars
Reserve Bank credit, related items, and Averages of daily figures
reserve balances of depository institutions at Week ended Change from week ended Wednesday
Federal Reserve Banks Mar 4, 2009 Feb 25, 2009 Mar 5, 2008 Mar 4, 2009
Currency in circulation (15) 895,114 + 1,418 + 79,215 897,131
Reverse repurchase agreements (16) 72,625 + 4,782 + 29,487 71,262
Foreign official and international accounts 72,625 + 4,782 + 29,487 71,262
Dealers 0 0 0 0
Treasury cash holdings 284 + 6 + 24 295
Deposits with F.R. Banks, other than reserve balances 276,319 + 29,113 + 264,334 300,653
U.S. Treasury, general account 52,413 + 16,830 + 47,546 68,282
U.S. Treasury, supplementary financing account 199,950 0 + 199,950 199,950
Foreign official 1,547 - 1,135 + 1,450 1,640
Service-related 4,466 - 10 - 2,284 4,466
Required clearing balances 4,466 - 10 - 2,284 4,466
Adjustments to compensate for float 0 0 0 0
Other 17,942 + 13,426 + 17,671 26,315
Other liabilities and capital (17) 51,332 + 448 + 6,936 51,512
Total factors, other than reserve balances,
absorbing reserve funds 1,295,673 + 35,767 + 379,995 1,320,853
Reserve balances with Federal Reserve Banks 647,805 - 44,505 + 638,081 615,267
Note: Components may not sum to totals because of rounding.
1. Includes securities lent to dealers under the overnight and term securities lending facilities; refer
to table 1A.
2. Face value of the securities.
3. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed
securities.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is
the remaining principal balance of the underlying mortgages.
5. Cash value of agreements.
6. Includes credit extended through the Primary Dealer Credit Facility and credit extended to certain
other broker-dealers.
7. Excludes credit extended to consolidated LLCs.
8. Refer to table 6 and the note on consolidation accompanying table 9.
9. Refer to table 7 and the note on consolidation accompanying table 9.
10. Refer to table 3 and the note on consolidation accompanying table 9.
11. Refer to table 4 and the note on consolidation accompanying table 9.
12. Refer to table 5 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.
15. Estimated.
16. Cash value of agreements, which are collateralized by U.S. Treasury securities.
17. Includes the liabilities of Commercial Paper Funding Facility LLC, the LLCs funded through the Money Market
Investor Funding Facility, Maiden Lane LLC, Maiden Lane II LLC, and Maiden Lane III LLC to entities other
than the Federal Reserve Bank of New York, including liabilities that have recourse only to the portfolio
holdings of these LLCs. Refer to table 3 through table 7 and the note on consolidation accompanying table 9.
Sources: Federal Reserve Banks and the U.S. Department of the Treasury.
1A. Memorandum Items
Millions of dollars
Averages of daily figures
Memorandum item Week ended Change from week ended Wednesday
Mar 4, 2009 Feb 25, 2009 Mar 5, 2008 Mar 4, 2009
Marketable securities held in custody for foreign
official and international accounts (1) 2,596,440 + 15,714 + 446,428 2,599,214
U.S. Treasury securities 1,779,256 + 12,583 + 498,629 1,783,008
Federal agency securities (2) 817,184 + 3,131 - 52,201 816,206
Securities lent to dealers 117,853 + 12 + 98,833 117,769
Overnight facility (3) 5,683 - 602 - 13,337 5,599
Term facility (4,5) 112,170 + 614 + 112,170 112,170
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. Fully collateralized by U.S. Treasury securities, federal agency securities, and other highly rated debt
securities.
5. On March 4, 2009, option contracts on draws on the Term Securities Lending Facility totaling $ 35,000
million were outstanding. The exercise date for the options is March 26, 2009, and the draws have a term of
March 27, 2009 through April 3, 2009.
2. Maturity Distribution of Term Auction Credit, Other Loans, and Securities, March 4, 2009
Millions of dollars
Remaining maturity Within 15 16 days to 91 days to Over 1 year Over 5 years Over 10 All
days 90 days 1 year to 5 years to 10 years years
Term auction credit 142,328 350,818 --- --- --- --- 493,145
Other loans (1) 86,458 11,861 55 41,969 --- --- 140,343
U.S. Treasury securities (2)
Holdings 13,258 31,686 60,732 168,922 100,588 99,432 474,619
Weekly changes - 6,418 + 4,863 - 581 + 949 + 1,172 - 10 - 24
Federal agency debt securities (3)
Holdings 977 571 2,567 26,690 7,433 0 38,238
Weekly changes + 528 - 628 0 0 0 0 - 100
Mortgage-backed securities (4)
Holdings 0 0 0 0 0 68,902 68,902
Weekly changes 0 0 0 0 0 + 157 + 157
Commercial paper held by
Commercial Paper Funding
Facility LLC (5) 19,041 221,222 0 --- --- --- 240,262
Money market instruments held by
LLCs funded through the Money
Market Investor Funding
Facility (6) 0 0 0 --- --- --- 0
Repurchase agreements (7) 0 0 --- --- --- --- 0
Central bank liquidity swaps (8) 140,285 174,926 0 0 0 0 315,211
Reverse repurchase agreements (7) 71,262 0 --- --- --- --- 71,262
Note: Components may not sum to totals because of rounding.
--- Not applicable.
1. Excludes the loans from the Federal Reserve Bank of New York (FRBNY) to Commercial Paper Funding Facility LLC, the
LLCs funded through the Money Market Investor Funding Facility, Maiden Lane LLC, Maiden Lane II LLC, and Maiden
Lane III LLC. The loans were eliminated when preparing the FRBNY's statement of condition consistent with
consolidation under generally accepted accounting principles.
2. Face value. For inflation-indexed securities, includes the original face value and compensation that adjusts for
the effect of inflation on the original face value of such securities.
3. Face value.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining
principal balance of the underlying mortgages.
5. Face value of commercial paper held by Commercial Paper Funding Facility LLC.
6. Face value of money market instruments held by LLCs funded through the Money Market Investor Funding Facility.
7. Cash value of agreements.
8. Dollar value of foreign currency held under these arrangements 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. Information on Principal Accounts of Maiden Lane LLC
Millions of dollars
Wednesday
Account name Mar 4, 2009
Net portfolio holdings of Maiden Lane LLC (1) 26,107
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) 292
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3) 1,198
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, 2008. 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.
4. Information on Principal Accounts of Maiden Lane II LLC
Millions of dollars
Wednesday
Account name Mar 4, 2009
Net portfolio holdings of Maiden Lane II LLC (1) 18,708
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 18,825
Accrued interest payable to the Federal Reserve Bank of New York (2) 75
Deferred payment and accrued interest payable to subsidiaries of American International
Group, Inc. (3) 1,008
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, 2008. 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.
5. Information on Principal Accounts of Maiden Lane III LLC
Millions of dollars
Wednesday
Account name Mar 4, 2009
Net portfolio holdings of Maiden Lane III LLC (1) 27,745
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 24,339
Accrued interest payable to the Federal Reserve Bank of New York (2) 106
Outstanding principal amount and accrued interest on loan payable to American International
Group, Inc. (3) 5,052
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, 2008. 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.
6. Information on Principal Accounts of Commercial Paper Funding Facility LLC
Millions of dollars
Wednesday
Account name Mar 4, 2009
Commercial paper holdings, net (1) 238,876
Other investments, net 2,420
Net portfolio holdings of Commercial Paper Funding Facility LLC 241,296
Memorandum: Commercial paper holdings, face value 240,262
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 238,943
Accrued interest payable to the Federal Reserve Bank of New York (2) 82
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 9.
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.
7. Information on Principal Accounts of LLCs Funded through the Money Market Investor Funding Facility
Millions of dollars
Wednesday
Account name Mar 4, 2009
Money market instrument holdings, net (1) 0
Other investments, net 0
Net portfolio holdings of LLCs funded through the Money Market Investor Funding Facility 0
Memorandum: Money market instrument holdings, face value 0
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 0
Accrued interest payable to the Federal Reserve Bank of New York (2) 0
Commercial paper issued by LLCs funded through the Money Market Investor Funding Facility,
net of related discounts 0
1. Book value, which includes amortized cost.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of
condition consistent with consolidation under generally accepted accounting principles. Refer to the note
on consolidation accompanying table 9.
Note: The Federal Reserve Board authorized the Federal Reserve Bank of New York to extend credit under the
authority of section 13(3) of the Federal Reserve Act to a series of limited liability companies funded through
the Money Market Investor Funding Facility (MMIFF). The MMIFF became operational on November 24, 2008. These
limited liability companies were established to purchase short-term U.S. dollar-denominated certificates of
deposit, bank notes, and outstanding asset-backed commercial paper from eligible issuers. Such purchases are
designed to foster liquidity in short-term money markets.
8. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of dollars
Eliminations Change since
from Wednesday Wednesday Wednesday
Assets, liabilities, and capital consolidation Mar 4, 2009 Feb 25, 2009 Mar 5, 2008
Assets
Gold certificate account 11,037 0 0
Special drawing rights certificate account 2,200 0 0
Coin 1,848 - 7 + 497
Securities, repurchase agreements, term auction
credit, and other loans 1,215,247 + 47,059 + 389,572
Securities held outright 581,759 + 33 - 131,629
U.S. Treasury securities (1) 474,619 - 24 - 238,769
Bills (2) 18,423 0 - 181,937
Notes and bonds, nominal (2) 412,914 0 - 57,096
Notes and bonds, inflation-indexed (2) 39,378 0 + 941
Inflation compensation (3) 3,905 - 24 - 676
Federal agency debt securities (2) 38,238 - 100 + 38,238
Mortgage-backed securities (4) 68,902 + 157 + 68,902
Repurchase agreements (5) 0 0 - 52,250
Term auction credit 493,145 + 45,582 + 433,145
Other loans 140,343 + 1,444 + 140,306
Net portfolio holdings of Commercial Paper
Funding Facility LLC (6) 241,296 - 1,207 + 241,296
Net portfolio holdings of LLCs funded through
the Money Market Investor Funding Facility (7) 0 0 0
Net portfolio holdings of Maiden Lane LLC (8) 26,107 + 138 + 26,107
Net portfolio holdings of Maiden Lane II LLC (9) 18,708 + 61 + 18,708
Net portfolio holdings of
Maiden Lane III LLC (10) 27,745 + 50 + 27,745
Items in process of collection (517) 705 - 254 - 1,010
Bank premises 2,182 - 5 + 42
Central bank liquidity swaps (11) 315,211 - 59,736 + 315,211
Other assets (12) 40,512 - 882 + 928
Total assets (517) 1,902,798 - 14,783 +1,019,096
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 Change since
from Wednesday Wednesday Wednesday
Assets, liabilities, and capital consolidation Mar 4, 2009 Feb 25, 2009 Mar 5, 2008
Liabilities
Federal Reserve notes, net of F.R. Bank holdings 860,470 + 1,732 + 79,701
Reverse repurchase agreements (13) 71,262 + 3,549 + 30,450
Deposits (0) 915,900 - 21,128 + 901,005
Depository institutions 619,713 - 81,430 + 609,984
U.S. Treasury, general account 68,282 + 43,173 + 63,488
U.S. Treasury, supplementary financing account 199,950 0 + 199,950
Foreign official 1,640 - 593 + 1,542
Other (0) 26,315 + 17,722 + 26,040
Deferred availability cash items (517) 3,654 + 544 + 394
Other liabilities and accrued dividends (14) 8,813 + 15 + 4,398
Total liabilities (517) 1,860,098 - 15,289 +1,015,947
Capital accounts
Capital paid in 22,194 + 4 + 2,733
Surplus 20,267 + 435 + 1,809
Other capital accounts 238 + 66 - 1,394
Total capital 42,699 + 505 + 3,148
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 6 and the note on consolidation accompanying table 9.
7. Refer to table 7 and the note on consolidation accompanying table 9.
8. Refer to table 3 and the note on consolidation accompanying table 9.
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. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when
the foreign currency is returned to the foreign central bank. This exchange rate equals the market
exchange rate used when the foreign currency was acquired from the foreign central bank.
12. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates.
13. Cash value of agreements, which are collateralized by U.S. Treasury securities.
14. Includes the liabilities of Commercial Paper Funding Facility LLC, the LLCs funded through the Money Market
Investor Funding Facility, Maiden Lane LLC, Maiden Lane II LLC, and Maiden Lane III LLC to entities other
than the Federal Reserve Bank of New York, including liabilities that have recourse only to the portfolio
holdings of these LLCs. Refer to table 3 through table 7 and the note on consolidation accompanying table 9.
9. Statement of Condition of Each Federal Reserve Bank, March 4, 2009
Millions of dollars
Kansas San
Assets, liabilities, and capital Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas Francisco
Assets
Gold certificate account 11,037 424 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 1,848 62 82 156 154 255 225 216 45 59 126 184 282
Securities, repurchase agreements, term
auction credit, and other loans 1,215,247 54,371 565,688 72,355 33,513 139,769 71,727 59,812 24,912 17,023 23,886 30,981 121,210
Securities held outright 581,759 24,401 206,986 25,400 22,060 52,753 57,884 51,346 20,104 10,983 21,361 24,132 64,349
U.S. Treasury securities (1) 474,619 19,907 168,866 20,723 17,997 43,038 47,224 41,890 16,401 8,960 17,427 19,688 52,498
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) 456,196 19,135 162,312 19,918 17,299 41,367 45,391 40,264 15,765 8,612 16,751 18,923 50,460
Federal agency debt securities (2) 38,238 1,604 13,605 1,670 1,450 3,467 3,805 3,375 1,321 722 1,404 1,586 4,230
Mortgage-backed securities (4) 68,902 2,890 24,515 3,008 2,613 6,248 6,856 6,081 2,381 1,301 2,530 2,858 7,621
Repurchase agreements (5) 0 0 0 0 0 0 0 0 0 0 0 0 0
Term auction credit 493,145 21,622 233,360 46,815 11,445 86,488 13,623 6,469 4,564 5,699 2,477 5,675 54,909
Other loans 140,343 8,348 125,341 139 8 529 220 1,998 245 341 48 1,174 1,952
Net portfolio holdings of Commercial
Paper Funding Facility LLC (6) 241,296 0 241,296 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of LLCs funded
through the Money Market Investor
Funding Facility (7) 0 0 0 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of Maiden Lane
LLC (8) 26,107 0 26,107 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of Maiden
Lane II LLC (9) 18,708 0 18,708 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of Maiden
Lane III LLC (10) 27,745 0 27,745 0 0 0 0 0 0 0 0 0 0
Items in process of collection 1,221 63 0 203 138 45 47 279 46 87 42 106 167
Bank premises 2,182 122 210 65 146 230 224 207 132 112 272 249 212
Central bank liquidity swaps (11) 315,211 12,040 94,621 33,014 22,134 85,281 22,983 10,032 2,990 4,626 2,965 3,864 20,661
Other assets (12) 40,512 1,672 12,502 3,275 2,348 8,161 3,462 2,224 844 695 863 1,025 3,441
Interdistrict settlement account 0 - 9,181 - 57,994 - 49,899 + 11,316 - 36,439 + 36,832 + 31,343 + 6,113 - 1,709 + 22,638 + 21,090 + 25,891
Total assets 1,903,314 59,689 933,774 59,704 70,276 198,341 136,888 105,238 35,498 21,121 51,208 58,233 173,345
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, March 4, 2009 (continued)
Millions of dollars
Kansas San
Assets, liabilities, and capital Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas Francisco
Liabilities
Federal Reserve notes outstanding 1,037,277 37,558 362,692 40,829 45,952 79,871 134,117 85,441 28,948 18,937 29,407 62,087 111,437
Less: Notes held by F.R. Banks 176,807 5,658 50,108 5,359 7,375 12,208 29,340 13,559 3,631 2,984 3,574 16,796 26,215
Federal Reserve notes, net 860,470 31,900 312,583 35,470 38,577 67,664 104,777 71,882 25,317 15,953 25,833 45,291 85,223
Reverse repurchase agreements (13) 71,262 2,989 25,355 3,111 2,702 6,462 7,090 6,290 2,463 1,345 2,617 2,956 7,882
Deposits 915,900 22,724 577,993 15,737 25,148 111,796 21,021 24,763 7,063 2,516 22,043 8,946 76,149
Depository institutions 619,713 22,720 281,930 15,733 25,145 111,704 21,017 24,761 7,057 2,515 22,041 8,945 76,145
U.S. Treasury, general account 68,282 0 68,282 0 0 0 0 0 0 0 0 0 0
U.S. Treasury, supplementary
financing account 199,950 0 199,950 0 0 0 0 0 0 0 0 0 0
Foreign official 1,640 2 1,610 4 3 11 3 1 0 1 0 1 3
Other 26,315 3 26,221 0 0 81 0 0 5 0 1 0 2
Deferred availability cash items 4,171 132 0 645 579 297 354 528 60 384 156 300 735
Other liabilities and accrued
dividends (14) 8,813 158 6,325 184 181 460 357 289 155 106 118 170 309
Total liabilities 1,860,615 57,904 922,256 55,148 67,187 186,679 133,599 103,752 35,057 20,304 50,767 57,663 170,298
Capital
Capital paid in 22,194 903 6,282 2,320 1,597 5,979 1,644 730 216 485 214 281 1,543
Surplus 20,267 844 5,236 2,237 1,492 5,682 1,612 704 210 324 208 271 1,449
Other capital 238 38 0 0 0 0 33 52 16 8 19 19 55
Total liabilities and capital 1,903,314 59,689 933,774 59,704 70,276 198,341 136,888 105,238 35,498 21,121 51,208 58,233 173,345
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, March 4, 2009 (continued)
1. Includes securities lent to dealers under the overnight and term securities lending facilities; refer to table 1A.
2. Face value of the securities.
3. Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face value of such securities.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the underlying mortgages.
5. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.
6. Refer to table 6 and the note on consolidation below.
7. Refer to table 7 and the note on consolidation below.
8. Refer to table 3 and the note on consolidation below.
9. Refer to table 4 and the note on consolidation below.
10. Refer to table 5 and the note on consolidation below.
11. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This
exchange rate equals the market exchange rate used when the foreign currency was acquired from the foreign central bank.
12. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates.
13. Cash value of agreements, which are collateralized by U.S. Treasury securities.
14. Includes the liabilities of Commercial Paper Funding Facility LLC, the LLCs funded through the Money Market Investor Funding Facility, Maiden Lane LLC, Maiden Lane II LLC, and Maiden
Lane III LLC to entities other than the Federal Reserve Bank of New York, including liabilities that have recourse only to the portfolio holdings of these LLCs. Refer to table 3 through
table 7 and the note on consolidation below.
Note on consolidation:
The Federal Reserve Bank of New York (FRBNY) has extended loans to several limited liability companies under the authority of section 13(3) of the Federal Reserve Act. On June 26, 2008,
a loan was extended to Maiden Lane LLC, which was formed to acquire certain assets of Bear Stearns. On October 27, 2008, the FRBNY began extending loans to Commercial Paper Funding
Facility LLC, which was formed to purchase three-month U.S. dollar-denominated commercial paper from eligible issuers. On October 21, 2008, the Federal Reserve Board authorized the FRBNY
to extend credit to a series of LLCs funded through the Money Market Investor Funding Facility. These LLCs, which became operational on November 24, 2008, were established to purchase
short-term U.S. dollar-denominated certificates of deposit, bank notes, and commercial paper from eligible issuers. On November 25, 2008, a loan was extended to Maiden Lane III LLC,
which was formed to purchase multi-sector collateralized debt obligations on which the Financial Products group of the American International Group, Inc. has written credit default swap
contracts. On December 12, 2008, a loan was extended to Maiden Lane II LLC, which was formed to purchase residential mortgage-backed securities from the U.S. securities lending
reinvestment portfolio of subsidiaries of American International Group, Inc.
The FRBNY is the sole beneficiary of Commercial Paper Funding Facility LLC and the primary beneficiary of the other LLCs cited above. Consistent with generally accepted accounting principles,
the assets and liabilities of these LLCs have been consolidated with the assets and liabilities of the FRBNY in the preparation of the statements of condition shown on this release. As a
consequence of the consolidation, the extensions of credit from the FRBNY to the LLCs are eliminated, the net assets of the LLCs appear as assets on the previous page (and in table 1 and
table 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
Federal Reserve notes and collateral Wednesday
Mar 4, 2009
Federal Reserve notes outstanding 1,037,277
Less: Notes held by F.R. Banks not subject to collateralization 176,807
Federal Reserve notes to be collateralized 860,470
Collateral held against Federal Reserve notes 860,470
Gold certificate account 11,037
Special drawing rights certificate account 2,200
U.S. Treasury, agency debt, and mortgage-backed securities pledged (1) 514,939
Other assets pledged 332,294
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1) 581,759
Less: Face value of securities under reverse repurchase agreements 66,820
U.S. Treasury, agency debt, and mortgage-backed securities
eligible to be pledged 514,939
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.
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