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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
June 4, 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 Jun 3, 2009 May 27, 2009 Jun 4, 2008 Jun 3, 2009
Reserve Bank credit 2,066,244 - 8,213 +1,188,487 2,062,004
Securities held outright 1,114,473 + 6,239 + 627,564 1,115,772
U.S. Treasury securities (1) 606,158 + 8,579 + 119,249 606,168
Bills (2) 18,423 0 - 11,646 18,423
Notes and bonds, nominal (2) 540,022 + 7,057 + 127,630 540,022
Notes and bonds, inflation-indexed (2) 42,803 + 1,328 + 3,632 42,803
Inflation compensation (3) 4,910 + 194 - 367 4,921
Federal agency debt securities (2) 80,704 + 951 + 80,704 81,971
Mortgage-backed securities (4) 427,612 - 3,290 + 427,612 427,633
Repurchase agreements (5) 0 0 - 114,107 0
Term auction credit 372,540 - 1 + 222,540 372,540
Other loans 126,054 + 1,822 + 101,795 124,239
Primary credit 41,930 + 3,777 + 26,009 42,086
Secondary credit 1 - 28 + 1 0
Seasonal credit 12 - 3 - 65 15
Primary dealer and other broker-dealer credit (6) 0 0 - 8,261 0
Asset-Backed Commercial Paper Money Market
Mutual Fund Liquidity Facility 25,093 - 1,330 + 25,093 23,635
Credit extended to American International
Group, Inc. (7) 43,578 - 579 + 43,578 43,123
Term Asset-Backed Securities Loan Facility 15,440 - 14 + 15,440 15,380
Other credit extensions 0 0 0 0
Net portfolio holdings of Commercial Paper
Funding Facility LLC (8) 145,139 - 9,555 + 145,139 142,635
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) 25,772 + 84 + 25,772 25,831
Net portfolio holdings of Maiden Lane II LLC (11) 16,260 + 85 + 16,260 16,263
Net portfolio holdings of Maiden Lane III LLC (12) 20,395 + 28 + 20,395 20,446
Float -1,857 + 118 - 611 -2,306
Central bank liquidity swaps (13) 176,833 - 8,099 + 114,833 175,742
Other Federal Reserve assets (14) 70,634 + 1,066 + 28,904 70,840
Gold stock 11,041 0 0 11,041
Special drawing rights certificate account 2,200 0 0 2,200
Treasury currency outstanding (15) 42,387 + 14 + 3,582 42,387
Total factors supplying reserve funds 2,121,872 - 8,199 +1,192,069 2,117,632
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 Jun 3, 2009 May 27, 2009 Jun 4, 2008 Jun 3, 2009
Currency in circulation (15) 908,852 + 148 + 85,410 909,082
Reverse repurchase agreements (16) 66,316 - 3,712 + 27,322 67,420
Foreign official and international accounts 66,316 - 3,712 + 27,322 67,420
Dealers 0 0 0 0
Treasury cash holdings 301 + 3 + 21 298
Deposits with F.R. Banks, other than reserve balances 239,487 + 5,921 + 227,210 247,130
U.S. Treasury, general account 32,573 + 5,881 + 27,729 37,634
U.S. Treasury, supplementary financing account 199,933 + 1 + 199,933 199,933
Foreign official 1,981 - 399 + 1,882 1,901
Service-related 4,226 0 - 2,844 4,226
Required clearing balances 4,226 0 - 2,844 4,226
Adjustments to compensate for float 0 0 0 0
Other 774 + 438 + 510 3,436
Other liabilities and capital (17) 51,890 + 724 + 7,593 52,014
Total factors, other than reserve balances,
absorbing reserve funds 1,266,846 + 3,084 + 347,555 1,275,946
Reserve balances with Federal Reserve Banks 855,027 - 11,282 + 844,515 841,687
Note: Components may not sum to totals because of rounding.
1. Includes securities lent to dealers under the overnight and term securities lending facilities; refer
to table 1A.
2. Face value of the securities.
3. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed
securities.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is
the remaining principal balance of the underlying mortgages.
5. Cash value of agreements.
6. Includes credit extended through the Primary Dealer Credit Facility and credit extended to certain
other broker-dealers.
7. Excludes credit extended to consolidated LLCs.
8. Refer to table 7 and the note on consolidation accompanying table 10.
9. Refer to table 8 and the note on consolidation accompanying table 10.
10. Refer to table 4 and the note on consolidation accompanying table 10.
11. Refer to table 5 and the note on consolidation accompanying table 10.
12. Refer to table 6 and the note on consolidation accompanying table 10.
13. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when
the foreign currency is returned to the foreign central bank. This exchange rate equals the market exchange
rate used when the foreign currency was acquired from the foreign central bank.
14. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates.
15. Estimated.
16. Cash value of agreements, which are collateralized by U.S. Treasury securities.
17. Includes the liabilities of Commercial Paper Funding Facility LLC, the LLCs funded through the Money Market
Investor Funding Facility, Maiden Lane LLC, Maiden Lane II LLC, and Maiden Lane III LLC to entities other
than the Federal Reserve Bank of New York, including liabilities that have recourse only to the portfolio
holdings of these LLCs. Refer to table 4 through table 8 and the note on consolidation accompanying table 10.
Sources: Federal Reserve Banks and the U.S. Department of the Treasury.
1A. Memorandum Items
Millions of dollars
Averages of daily figures
Memorandum item Week ended Change from week ended Wednesday
Jun 3, 2009 May 27, 2009 Jun 4, 2008 Jun 3, 2009
Marketable securities held in custody for foreign
official and international accounts (1) 2,731,657 + 7,434 + 430,254 2,735,569
U.S. Treasury securities 1,919,090 + 9,153 + 568,536 1,924,703
Federal agency securities (2) 812,567 - 1,719 - 138,283 810,866
Securities lent to dealers 33,905 + 2,435 - 81,713 36,239
Overnight facility (3) 6,555 + 3,178 - 9,395 8,889
Term facility (4,5) 27,350 - 743 - 72,319 27,350
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 June 3, 2009, option contracts on draws on the Term Securities Lending Facility totaling $ 12,000
million were outstanding. The exercise date for the options is June 24, 2009, and the draws have a
term of June 25, 2009 through July 2, 2009.
2. Maturity Distribution of Term Auction Credit, Other Loans, and Securities, June 3, 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 233,193 139,347 --- --- --- --- 372,540
Other loans (1) 34,269 31,389 79 58,503 --- --- 124,239
U.S. Treasury securities (2)
Holdings 16,692 24,417 60,942 247,670 138,134 118,313 606,168
Weekly changes + 1,074 - 1,274 - 823 + 6,137 + 901 + 11 + 6,026
Federal agency debt securities (3)
Holdings 0 196 6,167 54,972 19,820 816 81,971
Weekly changes 0 0 + 662 - 662 + 1,937 + 281 + 2,218
Mortgage-backed securities (4)
Holdings 0 0 0 0 0 427,633 427,633
Weekly changes 0 0 0 0 0 + 81 + 81
Commercial paper held by
Commercial Paper Funding
Facility LLC (5) 18,092 121,523 0 --- --- --- 139,616
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) 103,784 71,958 0 0 0 0 175,742
Reverse repurchase agreements (7) 67,420 0 --- --- --- --- 67,420
Note: Components may not sum to totals because of rounding.
--- Not applicable.
1. Excludes the loans from the Federal Reserve Bank of New York (FRBNY) to Commercial Paper Funding Facility LLC, the
LLCs funded through the Money Market Investor Funding Facility, Maiden Lane LLC, Maiden Lane II LLC, and Maiden
Lane III LLC. The loans were eliminated when preparing the FRBNY's statement of condition consistent with
consolidation under generally accepted accounting principles.
2. Face value. For inflation-indexed securities, includes the original face value and compensation that adjusts for
the effect of inflation on the original face value of such securities.
3. Face value.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining
principal balance of the underlying mortgages.
5. Face value of commercial paper held by Commercial Paper Funding Facility LLC.
6. Face value of money market instruments held by LLCs funded through the Money Market Investor Funding Facility.
7. Cash value of agreements.
8. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign
currency is returned to the foreign central bank. This exchange rate equals the market exchange rate used when the
foreign currency was acquired from the foreign central bank.
3. Supplemental Information on Mortgage-Backed Securities Purchase Program
Millions of dollars
Wednesday
Account name Jun 3, 2009
Mortgage-backed securities held outright (1) 427,633
Commitments to buy mortgage-backed securities (2) 209,542
Commitments to sell mortgage-backed securities (2) 116,154
Cash and cash equivalents (3) 1,095
1. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the
remaining principal balance of the underlying mortgages.
2. Current face value. Generally settle within 180 days and include commitments associated with outright
transactions as well as dollar rolls.
3. This amount is included in other Federal Reserve assets in table 1 and in other assets in table 9 and table 10.
4. Information on Principal Accounts of Maiden Lane LLC
Millions of dollars
Wednesday
Account name Jun 3, 2009
Net portfolio holdings of Maiden Lane LLC (1) 25,831
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) 329
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3) 1,213
1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if
the transaction were to be conducted in an orderly market on the measurement date. Revalued quarterly.
This table reflects valuations as of March 31, 2009. Any assets purchased after this valuation date
are initially recorded at cost until their estimated fair value as of the purchase date becomes available.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement
of condition consistent with consolidation under generally accepted accounting principles. Refer to
the note on consolidation accompanying table 10.
3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1
and in other liabilities and accrued dividends in table 9 and table 10.
Note: On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended credit to Maiden Lane LLC
under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed
to acquire certain assets of Bear Stearns and to manage those assets through time to maximize repayment of
the credit extended and to minimize disruption to financial markets. Payments by Maiden Lane LLC from the
proceeds of the net portfolio holdings will be made in the following order: operating expenses of the LLC,
principal due to the FRBNY, interest due to the FRBNY, principal due to JPMorgan Chase & Co., and interest
due to JPMorgan Chase & Co. Any remaining funds will be paid to the FRBNY.
5. Information on Principal Accounts of Maiden Lane II LLC
Millions of dollars
Wednesday
Account name Jun 3, 2009
Net portfolio holdings of Maiden Lane II LLC (1) 16,263
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 17,877
Accrued interest payable to the Federal Reserve Bank of New York (2) 142
Deferred payment and accrued interest payable to subsidiaries of American International
Group, Inc. (3) 1,017
1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if
the transaction were to be conducted in an orderly market on the measurement date. Revalued quarterly.
This table reflects valuations as of March 31, 2009. Any assets purchased after this valuation date
are initially recorded at cost until their estimated fair value as of the purchase date becomes available.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement
of condition consistent with consolidation under generally accepted accounting principles. Refer to the
note on consolidation accompanying table 10.
3. Book value. The deferred payment represents the portion of the proceeds of the net portfolio holdings due
to subsidiaries of American International Group, Inc. in accordance with the asset purchase agreement.
The fair value of this payment and accrued interest payable are included in other liabilities and capital
in table 1 and in other liabilities and accrued dividends in table 9 and table 10.
Note: On December 12, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden
Lane II LLC under the authority of section 13(3) of the Federal Reserve Act. This limited liability company
was formed to purchase residential mortgage-backed securities from the U.S. securities lending reinvestment
portfolio of subsidiaries of American International Group, Inc. (AIG subsidiaries). Payments by Maiden
Lane II LLC from the proceeds of the net portfolio holdings will be made in the following order: operating
expenses of Maiden Lane II LLC, principal due to the FRBNY, interest due to the FRBNY, and deferred payment
and interest due to AIG subsidiaries. Any remaining funds will be shared by the FRBNY and AIG subsidiaries.
6. Information on Principal Accounts of Maiden Lane III LLC
Millions of dollars
Wednesday
Account name Jun 3, 2009
Net portfolio holdings of Maiden Lane III LLC (1) 20,446
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 22,992
Accrued interest payable to the Federal Reserve Bank of New York (2) 193
Outstanding principal amount and accrued interest on loan payable to American International
Group, Inc. (3) 5,096
1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if
the transaction were to be conducted in an orderly market on the measurement date. Revalued quarterly.
This table reflects valuations as of March 31, 2009. Any assets purchased after this valuation date
are initially recorded at cost until their estimated fair value as of the purchase date becomes available.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement
of condition consistent with consolidation under generally accepted accounting principles. Refer to the
note on consolidation accompanying table 10.
3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1
and in other liabilities and accrued dividends in table 9 and table 10.
Note: On November 25, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden Lane
III LLC under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was
formed to purchase multi-sector collateralized debt obligations (CDOs) on which the Financial Products group
of American International Group, Inc. (AIG) has written credit default swap (CDS) contracts. In connection
with the purchase of CDOs, the CDS counterparties will concurrently unwind the related CDS transactions.
Payments by Maiden Lane III LLC from the proceeds of the net portfolio holdings will be made in the following
order: operating expenses of Maiden Lane III LLC, principal due to the FRBNY, interest due to the FRBNY,
principal due to AIG, and interest due to AIG. Any remaining funds will be shared by the FRBNY and AIG.
7. Information on Principal Accounts of Commercial Paper Funding Facility LLC
Millions of dollars
Wednesday
Account name Jun 3, 2009
Commercial paper holdings, net (1) 138,914
Other investments, net 3,721
Net portfolio holdings of Commercial Paper Funding Facility LLC 142,635
Memorandum: Commercial paper holdings, face value 139,616
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 138,736
Accrued interest payable to the Federal Reserve Bank of New York (2) 41
1. Book value, which includes amortized cost and related fees.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of
condition consistent with consolidation under generally accepted accounting principles. Refer to the
note on consolidation accompanying table 10.
Note: On October 27, 2008, the Federal Reserve Bank of New York began extending loans under the authority of
section 13(3) of the Federal Reserve Act to Commercial Paper Funding Facility LLC. This LLC is a limited
liability company formed to purchase three-month U.S. dollar-denominated commercial paper from eligible issuers
and thereby foster liquidity in short-term funding markets and increase the availability of credit for
businesses and households.
8. Information on Principal Accounts of LLCs Funded through the Money Market Investor Funding Facility
Millions of dollars
Wednesday
Account name Jun 3, 2009
Money market instrument holdings, net (1) 0
Other investments, net 0
Net portfolio holdings of LLCs funded through the Money Market Investor Funding Facility 0
Memorandum: Money market instrument holdings, face value 0
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 0
Accrued interest payable to the Federal Reserve Bank of New York (2) 0
Commercial paper issued by LLCs funded through the Money Market Investor Funding Facility,
net of related discounts 0
1. Book value, which includes amortized cost.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of
condition consistent with consolidation under generally accepted accounting principles. Refer to the note
on consolidation accompanying table 10.
Note: The Federal Reserve Board authorized the Federal Reserve Bank of New York to extend credit under the
authority of section 13(3) of the Federal Reserve Act to a series of limited liability companies funded through
the Money Market Investor Funding Facility (MMIFF). The MMIFF became operational on November 24, 2008. These
limited liability companies were established to purchase short-term U.S. dollar-denominated certificates of
deposit, bank notes, and outstanding asset-backed commercial paper from eligible issuers. Such purchases are
designed to foster liquidity in short-term money markets.
9. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of dollars
Eliminations Change since
from Wednesday Wednesday Wednesday
Assets, liabilities, and capital consolidation Jun 3, 2009 May 27, 2009 Jun 4, 2008
Assets
Gold certificate account 11,037 0 0
Special drawing rights certificate account 2,200 0 0
Coin 1,785 - 5 + 460
Securities, repurchase agreements, term auction
credit, and other loans 1,612,552 + 8,993 + 835,073
Securities held outright 1,115,772 + 8,325 + 628,835
U.S. Treasury securities (1) 606,168 + 6,026 + 119,231
Bills (2) 18,423 0 - 11,646
Notes and bonds, nominal (2) 540,022 + 6,000 + 127,630
Notes and bonds, inflation-indexed (2) 42,803 0 + 3,632
Inflation compensation (3) 4,921 + 27 - 384
Federal agency debt securities (2) 81,971 + 2,218 + 81,971
Mortgage-backed securities (4) 427,633 + 81 + 427,633
Repurchase agreements (5) 0 0 - 119,750
Term auction credit 372,540 0 + 222,540
Other loans 124,239 + 667 + 103,446
Net portfolio holdings of Commercial Paper
Funding Facility LLC (6) 142,635 - 6,754 + 142,635
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) 25,831 + 114 + 25,831
Net portfolio holdings of Maiden Lane II LLC (9) 16,263 + 11 + 16,263
Net portfolio holdings of
Maiden Lane III LLC (10) 20,446 + 67 + 20,446
Items in process of collection (542) 1,145 - 114 - 714
Bank premises 2,194 - 4 + 42
Central bank liquidity swaps (11) 175,742 - 5,905 + 113,742
Other assets (12) 67,411 + 1,178 + 28,047
Total assets (542) 2,079,241 - 2,418 +1,181,826
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.
9. Consolidated Statement of Condition of All Federal Reserve Banks (continued)
Millions of dollars
Eliminations Change since
from Wednesday Wednesday Wednesday
Assets, liabilities, and capital consolidation Jun 3, 2009 May 27, 2009 Jun 4, 2008
Liabilities
Federal Reserve notes, net of F.R. Bank holdings 868,774 - 1,243 + 81,671
Reverse repurchase agreements (13) 67,420 + 1,541 + 25,300
Deposits (1) 1,087,581 - 2,857 +1,066,198
Depository institutions 844,677 - 32,334 + 828,927
U.S. Treasury, general account 37,634 + 26,586 + 32,356
U.S. Treasury, supplementary financing account 199,933 + 1 + 199,933
Foreign official 1,901 - 231 + 1,803
Other (1) 3,436 + 3,121 + 3,180
Deferred availability cash items (542) 3,451 - 669 + 596
Other liabilities and accrued dividends (14) 6,317 + 34 + 2,612
Total liabilities (542) 2,033,544 - 3,193 +1,176,380
Capital accounts
Capital paid in 24,066 + 39 + 4,143
Surplus 19,845 + 671 + 1,359
Other capital accounts 1,786 + 65 - 56
Total capital 45,697 + 775 + 5,446
Note: Components may not sum to totals because of rounding.
1. Includes securities lent to dealers under the overnight and term securities lending facilities; refer
to table 1A.
2. Face value of the securities.
3. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed
securities.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is
the remaining principal balance of the underlying mortgages.
5. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.
6. Refer to table 7 and the note on consolidation accompanying table 10.
7. Refer to table 8 and the note on consolidation accompanying table 10.
8. Refer to table 4 and the note on consolidation accompanying table 10.
9. Refer to table 5 and the note on consolidation accompanying table 10.
10. Refer to table 6 and the note on consolidation accompanying table 10.
11. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when
the foreign currency is returned to the foreign central bank. This exchange rate equals the market
exchange rate used when the foreign currency was acquired from the foreign central bank.
12. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates.
13. Cash value of agreements, which are collateralized by U.S. Treasury securities.
14. Includes the liabilities of Commercial Paper Funding Facility LLC, the LLCs funded through the Money Market
Investor Funding Facility, Maiden Lane LLC, Maiden Lane II LLC, and Maiden Lane III LLC to entities other
than the Federal Reserve Bank of New York, including liabilities that have recourse only to the portfolio
holdings of these LLCs. Refer to table 4 through table 8 and the note on consolidation accompanying table 10.
10. Statement of Condition of Each Federal Reserve Bank, June 3, 2009
Millions of dollars
Kansas San
Assets, liabilities, and capital Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas Francisco
Assets
Gold certificate account 11,037 412 3,895 450 467 882 1,356 911 329 197 335 621 1,182
Special drawing rights certificate acct. 2,200 115 874 83 104 147 166 212 71 30 66 98 234
Coin 1,785 66 75 150 141 238 206 221 38 60 128 177 286
Securities, repurchase agreements, term
auction credit, and other loans 1,612,552 58,538 749,062 32,785 51,022 105,711 151,202 128,319 47,607 19,419 52,684 58,320 157,882
Securities held outright 1,115,772 21,404 436,128 17,310 44,082 40,209 134,435 120,739 43,712 18,472 50,365 53,949 134,967
U.S. Treasury securities (1) 606,168 11,628 236,936 9,404 23,949 21,845 73,035 65,594 23,747 10,035 27,362 29,309 73,324
Bills (2) 18,423 353 7,201 286 728 664 2,220 1,994 722 305 832 891 2,228
Notes and bonds (3) 587,746 11,275 229,735 9,118 23,221 21,181 70,815 63,600 23,026 9,730 26,530 28,418 71,096
Federal agency debt securities (2) 81,971 1,572 32,040 1,272 3,239 2,954 9,876 8,870 3,211 1,357 3,700 3,963 9,915
Mortgage-backed securities (4) 427,633 8,203 167,151 6,634 16,895 15,411 51,524 46,275 16,753 7,080 19,303 20,677 51,728
Repurchase agreements (5) 0 0 0 0 0 0 0 0 0 0 0 0 0
Term auction credit 372,540 13,337 216,558 15,324 6,940 64,993 16,559 5,900 3,834 771 2,301 4,195 21,830
Other loans 124,239 23,797 96,377 152 0 509 208 1,681 61 176 18 176 1,085
Net portfolio holdings of Commercial
Paper Funding Facility LLC (6) 142,635 0 142,635 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) 25,831 0 25,831 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of Maiden
Lane II LLC (9) 16,263 0 16,263 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of Maiden
Lane III LLC (10) 20,446 0 20,446 0 0 0 0 0 0 0 0 0 0
Items in process of collection 1,687 37 0 328 190 79 86 40 451 67 77 236 98
Bank premises 2,194 122 215 67 146 237 222 207 135 112 271 248 213
Central bank liquidity swaps (11) 175,742 7,328 41,475 20,095 13,472 51,908 13,989 6,106 1,820 2,816 1,805 2,352 12,575
Other assets (12) 67,411 1,853 23,315 3,423 3,500 8,755 6,957 5,315 1,918 1,107 2,144 2,366 6,758
Interdistrict settlement account 0 + 13,303 - 49,893 + 2,377 + 8,992 + 87,675 - 20,873 - 36,268 - 15,470 - 721 - 1,968 - 1,798 + 14,645
Total assets 2,079,783 81,773 974,194 59,757 78,035 255,630 153,312 105,063 36,897 23,089 55,541 62,620 193,873
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.
10. Statement of Condition of Each Federal Reserve Bank, June 3, 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 1,050,192 36,488 374,513 40,262 45,239 80,710 132,435 87,351 31,279 20,021 28,819 62,786 110,289
Less: Notes held by F.R. Banks 181,418 4,684 57,824 5,350 7,832 11,931 27,983 12,543 4,071 2,940 3,315 19,022 23,922
Federal Reserve notes, net 868,774 31,804 316,689 34,912 37,406 68,779 104,452 74,808 27,207 17,080 25,504 43,764 86,368
Reverse repurchase agreements (13) 67,420 1,293 26,353 1,046 2,664 2,430 8,123 7,296 2,641 1,116 3,043 3,260 8,155
Deposits 1,087,582 46,560 616,030 17,976 34,093 170,599 36,684 20,518 6,137 3,309 26,141 14,565 94,972
Depository institutions 844,677 46,553 373,281 17,972 34,090 170,503 36,680 20,515 6,123 3,308 26,120 14,564 94,969
U.S. Treasury, general account 37,634 0 37,634 0 0 0 0 0 0 0 0 0 0
U.S. Treasury, supplementary
financing account 199,933 0 199,933 0 0 0 0 0 0 0 0 0 0
Foreign official 1,901 2 1,872 4 3 11 3 1 0 1 0 1 3
Other 3,436 6 3,309 0 0 85 0 1 14 0 20 0 0
Deferred availability cash items 3,992 108 0 757 382 155 340 427 234 334 263 262 729
Other liabilities and accrued
dividends (14) 6,317 148 3,505 184 213 521 418 339 169 118 140 191 372
Total liabilities 2,034,086 79,914 962,577 54,876 74,758 242,482 150,018 103,387 36,388 21,957 55,091 62,042 190,596
Capital
Capital paid in 24,066 920 7,243 2,427 1,619 6,555 1,562 795 238 633 207 273 1,594
Surplus 19,845 844 4,375 2,316 1,552 5,981 1,612 704 210 324 208 271 1,449
Other capital 1,786 94 0 139 105 611 120 177 62 174 35 34 234
Total liabilities and capital 2,079,783 81,773 974,194 59,757 78,035 255,630 153,312 105,063 36,897 23,089 55,541 62,620 193,873
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.
10. Statement of Condition of Each Federal Reserve Bank, June 3, 2009 (continued)
1. Includes securities lent to dealers under the overnight and term securities lending facilities; refer to table 1A.
2. Face value of the securities.
3. Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face value of such securities.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the underlying mortgages.
5. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.
6. Refer to table 7 and the note on consolidation below.
7. Refer to table 8 and the note on consolidation below.
8. Refer to table 4 and the note on consolidation below.
9. Refer to table 5 and the note on consolidation below.
10. Refer to table 6 and the note on consolidation below.
11. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This
exchange rate equals the market exchange rate used when the foreign currency was acquired from the foreign central bank.
12. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates.
13. Cash value of agreements, which are collateralized by U.S. Treasury securities.
14. Includes the liabilities of Commercial Paper Funding Facility LLC, the LLCs funded through the Money Market Investor Funding Facility, Maiden Lane LLC, Maiden Lane II LLC, and Maiden
Lane III LLC to entities other than the Federal Reserve Bank of New York, including liabilities that have recourse only to the portfolio holdings of these LLCs. Refer to table 4 through
table 8 and the note on consolidation below.
Note on consolidation:
The Federal Reserve Bank of New York (FRBNY) has extended loans to several limited liability companies under the authority of section 13(3) of the Federal Reserve Act. On June 26, 2008,
a loan was extended to Maiden Lane LLC, which was formed to acquire certain assets of Bear Stearns. On October 27, 2008, the FRBNY began extending loans to Commercial Paper Funding
Facility LLC, which was formed to purchase three-month U.S. dollar-denominated commercial paper from eligible issuers. On October 21, 2008, the Federal Reserve Board authorized the FRBNY
to extend credit to a series of LLCs funded through the Money Market Investor Funding Facility. These LLCs, which became operational on November 24, 2008, were established to purchase
short-term U.S. dollar-denominated certificates of deposit, bank notes, and commercial paper from eligible issuers. On November 25, 2008, a loan was extended to Maiden Lane III LLC,
which was formed to purchase multi-sector collateralized debt obligations on which the Financial Products group of the American International Group, Inc. has written credit default swap
contracts. On December 12, 2008, a loan was extended to Maiden Lane II LLC, which was formed to purchase residential mortgage-backed securities from the U.S. securities lending
reinvestment portfolio of subsidiaries of American International Group, Inc.
The FRBNY is the sole beneficiary of Commercial Paper Funding Facility LLC and the primary beneficiary of the other LLCs cited above. Consistent with generally accepted accounting principles,
the assets and liabilities of these LLCs have been consolidated with the assets and liabilities of the FRBNY in the preparation of the statements of condition shown on this release. As a
consequence of the consolidation, the extensions of credit from the FRBNY to the LLCs are eliminated, the net assets of the LLCs appear as assets on the previous page (and in table 1 and
table 9), and the liabilities of the LLCs to entities other than the FRBNY, including those with recourse only to the portfolio holdings of the LLCs, are included in other liabilities in
this table (and table 1 and table 9).
11. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts
Millions of dollars
Federal Reserve notes and collateral Wednesday
Jun 3, 2009
Federal Reserve notes outstanding 1,050,192
Less: Notes held by F.R. Banks not subject to collateralization 181,418
Federal Reserve notes to be collateralized 868,774
Collateral held against Federal Reserve notes 868,774
Gold certificate account 11,037
Special drawing rights certificate account 2,200
U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 855,538
Other assets pledged 0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 1,115,772
Less: Face value of securities under reverse repurchase agreements 66,946
U.S. Treasury, agency debt, and mortgage-backed securities
eligible to be pledged 1,048,826
Note: Components may not sum to totals because of rounding.
1. Includes face value of U.S. Treasury, agency debt, and mortgage-backed securities held outright,
compensation to adjust for the effect of inflation on the original face value of inflation-indexed
securities, and cash value of repurchase agreements.
2. Includes securities lent to dealers under the overnight and term securities lending facilities; refer
to table 1A.
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