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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
October 22, 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 Oct 21, 2009 Oct 14, 2009 Oct 22, 2008 Oct 21, 2009
Reserve Bank credit 2,171,742 + 65,101 + 368,453 2,183,453
Securities held outright (1) 1,677,885 + 69,841 +1,187,252 1,690,195
U.S. Treasury securities 773,476 + 2,552 + 296,948 773,486
Bills (2) 18,423 0 0 18,423
Notes and bonds, nominal (2) 704,663 + 2,473 + 293,906 704,663
Notes and bonds, inflation-indexed (2) 44,643 + 55 + 3,837 44,643
Inflation compensation (3) 5,748 + 24 - 794 5,758
Federal agency debt securities (2) 137,866 + 3,320 + 123,761 139,841
Mortgage-backed securities (4) 766,543 + 63,970 + 766,543 776,868
Repurchase agreements (5) 0 0 - 80,000 0
Term auction credit 155,441 - 1 - 107,651 155,440
Other loans 108,169 - 3,236 - 310,411 107,455
Primary credit 23,840 - 3,540 - 81,914 23,563
Secondary credit 424 - 44 + 424 403
Seasonal credit 77 - 12 + 58 74
Primary dealer and other broker-dealer credit (6) 0 0 - 111,255 0
Asset-Backed Commercial Paper Money Market
Mutual Fund Liquidity Facility 0 - 43 - 114,219 0
Credit extended to American International
Group, Inc., net (7) 40,961 + 766 - 46,371 41,161
Term Asset-Backed Securities Loan Facility 42,867 - 363 + 42,867 42,255
Other credit extensions 0 0 0 0
Net portfolio holdings of Commercial Paper
Funding Facility LLC (8) 39,812 - 979 + 39,812 39,429
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) 26,366 + 54 - 2,771 26,398
Net portfolio holdings of Maiden Lane II LLC (11) 14,467 + 6 + 14,467 14,476
Net portfolio holdings of Maiden Lane III LLC (12) 20,230 + 55 + 20,230 20,237
Float -1,824 - 348 - 776 -2,048
Central bank liquidity swaps (13) 41,637 - 1,990 - 438,816 41,637
Other Federal Reserve assets (14) 89,560 + 1,700 + 47,116 90,235
Gold stock 11,041 0 0 11,041
Special drawing rights certificate account 5,200 0 + 3,000 5,200
Treasury currency outstanding (15) 42,635 + 14 + 3,960 42,635
Total factors supplying reserve funds 2,230,617 + 65,114 + 375,412 2,242,329
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 Oct 21, 2009 Oct 14, 2009 Oct 22, 2008 Oct 21, 2009
Currency in circulation (15) 915,591 - 2,100 + 61,173 915,648
Reverse repurchase agreements (16) 63,807 + 1,176 - 34,303 63,608
Foreign official and international accounts 63,807 + 1,176 - 9,303 63,608
Dealers 0 0 - 25,000 0
Treasury cash holdings 301 + 5 + 25 289
Deposits with F.R. Banks, other than reserve balances 154,710 + 12,672 - 400,215 144,884
U.S. Treasury, general account 83,461 + 60,288 + 60,295 73,730
U.S. Treasury, supplementary financing account 64,980 - 34,987 - 459,791 64,980
Foreign official 1,655 + 18 + 1,401 1,767
Service-related 3,395 0 - 2,741 3,395
Required clearing balances 3,395 0 - 2,741 3,395
Adjustments to compensate for float 0 0 0 0
Other 1,219 - 12,646 + 621 1,011
Other liabilities and capital (17) 62,131 + 904 + 15,918 61,696
Total factors, other than reserve balances,
absorbing reserve funds 1,196,540 + 12,656 - 357,403 1,186,124
Reserve balances with Federal Reserve Banks 1,034,078 + 52,459 + 732,816 1,056,205
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. Includes outstanding principal and capitalized interest net of unamortized deferred commitment fees and
allowance for loan restructuring. 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
Oct 21, 2009 Oct 14, 2009 Oct 22, 2008 Oct 21, 2009
Marketable securities held in custody for foreign
official and international accounts (1) 2,887,206 + 22,635 + 408,469 2,893,064
U.S. Treasury securities 2,124,156 + 22,480 + 568,856 2,128,765
Federal agency securities (2) 763,051 + 156 - 160,386 764,299
Securities lent to dealers 7,408 + 566 - 215,722 6,999
Overnight facility (3) 7,408 + 566 - 18,223 6,999
U.S. Treasury securities 6,815 + 460 - 18,816 6,490
Federal agency debt securities 593 + 105 + 593 509
Term facility (4) 0 0 - 197,499 0
Note: Components may not sum to totals because of rounding.
1. Face value of the securities. Includes U.S. Treasury STRIPS, other zero-coupon bonds, and mortgage-backed
securities at face value.
2. Includes debt and mortgage-backed securities.
3. Fully collateralized by U.S. Treasury securities.
4. U.S. Treasury securities only. Fully collateralized by U.S. Treasury securities, federal agency securities, and other highly rated debt securities.
2. Maturity Distribution of Term Auction Credit, Other Loans, and Securities, October 21, 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 98,702 56,738 --- --- --- --- 155,440
Other loans (1) 17,401 6,638 0 83,415 0 --- 107,455
U.S. Treasury securities (2)
Holdings 18,864 23,185 55,497 324,030 210,312 141,597 773,486
Weekly changes + 6,116 - 3,469 - 2,675 - 268 + 217 + 104 + 26
Federal agency debt securities (3)
Holdings 0 98 21,291 87,432 29,003 2,017 139,841
Weekly changes 0 + 68 + 1,371 + 2,018 0 0 + 3,457
Mortgage-backed securities (4)
Holdings 0 0 0 0 0 776,868 776,868
Weekly changes 0 0 0 0 0 + 13,878 + 13,878
Commercial paper held by
Commercial Paper Funding
Facility LLC (5) 32,596 2,517 0 --- --- --- 35,113
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) 35,242 6,395 0 0 0 0 41,637
Reverse repurchase agreements (7) 63,608 0 --- --- --- --- 63,608
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 Oct 21, 2009
Mortgage-backed securities held outright (1) 776,868
Commitments to buy mortgage-backed securities (2) 151,436
Commitments to sell mortgage-backed securities (2) 0
Cash and cash equivalents (3) 536
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 Oct 21, 2009
Net portfolio holdings of Maiden Lane LLC (1) 26,398
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) 385
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3) 1,236
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, 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 Oct 21, 2009
Net portfolio holdings of Maiden Lane II LLC (1) 14,476
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 16,296
Accrued interest payable to the Federal Reserve Bank of New York (2) 227
Deferred payment and accrued interest payable to subsidiaries of American International
Group, Inc. (3) 1,030
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, 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 Oct 21, 2009
Net portfolio holdings of Maiden Lane III LLC (1) 20,237
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 19,036
Accrued interest payable to the Federal Reserve Bank of New York (2) 295
Outstanding principal amount and accrued interest on loan payable to American International
Group, Inc. (3) 5,161
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, 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 Oct 21, 2009
Commercial paper holdings, net (1) 34,821
Other investments, net 4,608
Net portfolio holdings of Commercial Paper Funding Facility LLC 39,429
Memorandum: Commercial paper holdings, face value 35,113
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 34,883
Accrued interest payable to the Federal Reserve Bank of New York (2) 19
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 Oct 21, 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 Oct 21, 2009 Oct 14, 2009 Oct 22, 2008
Assets
Gold certificate account 11,037 0 0
Special drawing rights certificate account 5,200 0 + 3,000
Coin 2,025 + 34 + 441
Securities, repurchase agreements, term auction
credit, and other loans 1,953,090 + 13,057 + 711,225
Securities held outright (1) 1,690,195 + 17,362 +1,199,578
U.S. Treasury securities 773,486 + 26 + 296,974
Bills (2) 18,423 0 0
Notes and bonds, nominal (2) 704,663 - 54 + 293,906
Notes and bonds, inflation-indexed (2) 44,643 + 55 + 3,837
Inflation compensation (3) 5,758 + 26 - 768
Federal agency debt securities (2) 139,841 + 3,457 + 125,736
Mortgage-backed securities (4) 776,868 + 13,878 + 776,868
Repurchase agreements (5) 0 0 - 80,000
Term auction credit 155,440 - 2 - 107,652
Other loans 107,455 - 4,303 - 300,701
Net portfolio holdings of Commercial Paper
Funding Facility LLC (6) 39,429 - 669 + 39,429
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) 26,398 + 37 - 404
Net portfolio holdings of Maiden Lane II LLC (9) 14,476 + 10 + 14,476
Net portfolio holdings of
Maiden Lane III LLC (10) 20,237 + 9 + 20,237
Items in process of collection (332) 536 - 2,208 - 468
Bank premises 2,225 + 2 + 53
Central bank liquidity swaps (11) 41,637 - 1,990 - 435,522
Other assets (12) 87,979 + 25 + 47,595
Total assets (332) 2,204,268 + 8,306 + 400,060
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 Oct 21, 2009 Oct 14, 2009 Oct 22, 2008
Liabilities
Federal Reserve notes, net of F.R. Bank holdings 875,323 - 2,469 + 55,427
Reverse repurchase agreements (13) 63,608 + 1,805 - 32,379
Deposits (0) 1,201,057 + 13,244 + 358,855
Depository institutions 1,059,569 + 7,620 + 832,666
U.S. Treasury, general account 73,730 + 58,160 + 18,105
U.S. Treasury, supplementary financing account 64,980 - 34,987 - 494,007
Foreign official 1,767 + 103 + 1,613
Other (0) 1,011 - 17,651 + 478
Deferred availability cash items (332) 2,584 - 890 + 226
Other liabilities and accrued dividends (14) 10,514 - 2,525 + 6,607
Total liabilities (332) 2,153,086 + 9,164 + 388,736
Capital accounts
Capital paid in 24,922 + 25 + 4,605
Surplus 21,398 + 8 + 3,702
Other capital accounts 4,862 - 892 + 3,017
Total capital 51,182 - 858 + 11,323
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, October 21, 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. 5,200 196 1,818 210 237 412 654 424 150 90 153 282 574
Coin 2,025 64 79 171 149 282 243 266 35 63 137 213 324
Securities, repurchase agreements, term
auction credit, and other loans 1,953,090 40,941 886,844 34,491 69,960 62,479 204,479 186,692 67,986 28,341 77,438 81,891 211,548
Securities held outright (1) 1,690,195 32,423 660,656 26,222 66,776 60,910 203,645 182,897 66,215 27,982 76,294 81,723 204,452
U.S. Treasury securities 773,486 14,838 302,336 12,000 30,559 27,874 93,194 83,699 30,302 12,805 34,914 37,399 93,563
Bills (2) 18,423 353 7,201 286 728 664 2,220 1,994 722 305 832 891 2,228
Notes and bonds (3) 755,063 14,484 295,136 11,714 29,831 27,210 90,975 81,706 29,580 12,500 34,083 36,508 91,335
Federal agency debt securities (2) 139,841 2,683 54,660 2,170 5,525 5,039 16,849 15,132 5,478 2,315 6,312 6,762 16,916
Mortgage-backed securities (4) 776,868 14,903 303,659 12,052 30,693 27,996 93,602 84,066 30,435 12,861 35,067 37,563 93,973
Repurchase agreements (5) 0 0 0 0 0 0 0 0 0 0 0 0 0
Term auction credit 155,440 8,357 120,819 8,183 3,179 1,287 691 2,875 1,714 285 1,134 150 6,767
Other loans 107,455 161 105,369 87 5 283 143 920 57 74 10 18 329
Net portfolio holdings of Commercial
Paper Funding Facility LLC (6) 39,429 0 39,429 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) 26,398 0 26,398 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of Maiden
Lane II LLC (9) 14,476 0 14,476 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of Maiden
Lane III LLC (10) 20,237 0 20,237 0 0 0 0 0 0 0 0 0 0
Items in process of collection 868 21 0 119 24 41 373 40 65 35 34 70 47
Bank premises 2,225 121 244 69 146 239 222 206 134 111 269 252 212
Central bank liquidity swaps (11) 41,637 1,699 10,510 4,659 3,123 12,034 3,243 1,416 422 653 418 545 2,915
Other assets (12) 87,979 2,272 31,031 3,873 4,370 9,828 9,395 7,479 2,684 1,448 3,038 3,327 9,234
Interdistrict settlement account 0 + 12,982 + 72,684 + 19,713 - 15,757 + 205,653 - 69,039 - 87,157 - 34,976 - 7,623 - 30,391 - 16,902 - 49,187
Total assets 2,204,600 58,707 1,107,645 63,754 62,719 291,849 150,925 110,277 36,829 23,315 51,431 70,300 176,849
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, October 21, 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 1,067,388 35,082 392,769 39,196 44,902 82,151 131,474 85,701 30,778 19,534 28,729 62,740 114,332
Less: Notes held by F.R. Banks 192,065 4,911 64,180 6,974 9,361 11,990 26,910 14,244 4,617 3,180 3,496 14,999 27,205
Federal Reserve notes, net 875,323 30,171 328,590 32,222 35,541 70,161 104,564 71,458 26,162 16,353 25,233 47,741 87,127
Reverse repurchase agreements (13) 63,608 1,220 24,863 987 2,513 2,292 7,664 6,883 2,492 1,053 2,871 3,076 7,694
Deposits 1,201,057 25,219 732,305 24,621 20,364 204,667 34,534 29,775 7,330 4,028 22,467 18,373 77,374
Depository institutions 1,059,569 25,207 591,035 24,616 20,360 204,516 34,531 29,739 7,328 4,028 22,465 18,372 77,371
U.S. Treasury, general account 73,730 0 73,730 0 0 0 0 0 0 0 0 0 0
U.S. Treasury, supplementary
financing account 64,980 0 64,980 0 0 0 0 0 0 0 0 0 0
Foreign official 1,767 2 1,738 4 3 11 3 1 0 1 0 1 3
Other 1,011 10 822 0 1 140 0 35 2 0 1 0 1
Deferred availability cash items 2,916 65 0 485 394 104 293 194 89 298 176 221 598
Other liabilities and accrued
dividends (14) 10,514 172 6,705 200 269 625 607 512 233 144 216 271 560
Total liabilities 2,153,418 56,847 1,092,463 58,514 59,082 277,849 147,662 108,821 36,306 21,877 50,963 69,681 173,354
Capital
Capital paid in 24,922 925 7,314 2,617 1,802 7,002 1,513 626 239 710 209 282 1,685
Surplus 21,398 844 5,926 2,316 1,551 5,982 1,612 704 209 324 207 271 1,450
Other capital 4,862 92 1,942 306 284 1,016 138 126 75 404 52 66 361
Total liabilities and capital 2,204,600 58,707 1,107,645 63,754 62,719 291,849 150,925 110,277 36,829 23,315 51,431 70,300 176,849
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, October 21, 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
Oct 21, 2009
Federal Reserve notes outstanding 1,067,388
Less: Notes held by F.R. Banks not subject to collateralization 192,065
Federal Reserve notes to be collateralized 875,323
Collateral held against Federal Reserve notes 875,323
Gold certificate account 11,037
Special drawing rights certificate account 5,200
U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 859,086
Other assets pledged 0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 1,690,195
Less: Face value of securities under reverse repurchase agreements 63,193
U.S. Treasury, agency debt, and mortgage-backed securities
eligible to be pledged 1,627,002
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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