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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
January 28, 2010
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 Jan 27, 2010 Jan 20, 2010 Jan 28, 2009 Jan 27, 2010
Reserve Bank credit 2,234,676 + 3,827 + 245,017 2,229,248
Securities held outright (1) 1,912,690 + 6,501 +1,403,997 1,910,020
U.S. Treasury securities 776,616 + 7 + 301,416 776,619
Bills (2) 18,423 0 0 18,423
Notes and bonds, nominal (2) 708,872 + 175 + 295,958 708,872
Notes and bonds, inflation-indexed (2) 43,777 - 124 + 4,399 43,777
Inflation compensation (3) 5,544 - 44 + 1,058 5,547
Federal agency debt securities (2) 162,833 + 1,650 + 136,165 163,673
Mortgage-backed securities (4) 973,241 + 4,843 + 966,417 969,728
Repurchase agreements (5) 0 0 - 17,143 0
Term auction credit 38,531 0 - 377,328 38,531
Other loans 87,375 + 1,213 - 62,634 87,906
Primary credit 14,855 - 257 - 50,135 14,759
Secondary credit 985 + 12 + 951 999
Seasonal credit 0 0 - 1 1
Primary dealer and other broker-dealer credit (6) 0 0 - 32,054 0
Asset-Backed Commercial Paper Money Market
Mutual Fund Liquidity Facility 0 0 - 14,593 0
Credit extended to American International
Group, Inc., net (7) 24,440 + 2,020 - 13,896 25,825
Term Asset-Backed Securities Loan Facility, net (8) 47,094 - 563 + 47,094 46,321
Other credit extensions 0 0 0 0
Net portfolio holdings of Commercial Paper
Funding Facility LLC (9) 11,199 - 2,614 - 305,002 8,655
Net portfolio holdings of Maiden Lane LLC (10) 26,761 + 17 - 219 26,778
Net portfolio holdings of Maiden Lane II LLC (11) 15,426 + 20 - 4,266 15,493
Net portfolio holdings of Maiden Lane III LLC (12) 22,472 + 61 - 4,565 22,482
Net portfolio holdings of TALF LLC (13) 329 + 31 + 329 334
Preferred interests in AIA Aurora LLC and ALICO
Holdings LLC (14) 25,106 0 + 25,106 25,106
Float -1,983 + 1 + 34 -2,108
Central bank liquidity swaps (15) 175 - 1,075 - 465,678 175
Other Federal Reserve assets (16) 96,595 - 328 + 52,384 95,876
Gold stock 11,041 0 0 11,041
Special drawing rights certificate account 5,200 0 + 3,000 5,200
Treasury currency outstanding (17) 42,740 + 14 + 1,011 42,740
Total factors supplying reserve funds 2,293,657 + 3,842 + 249,027 2,288,229
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 Jan 27, 2010 Jan 20, 2010 Jan 28, 2009 Jan 27, 2010
Currency in circulation (17) 917,935 - 1,351 + 30,832 918,657
Reverse repurchase agreements (18) 57,327 - 6,710 - 15,804 57,794
Foreign official and international accounts 57,327 - 6,710 - 15,804 57,794
Dealers 0 0 0 0
Treasury cash holdings 248 - 6 - 39 233
Deposits with F.R. Banks, other than reserve balances 146,877 - 12,282 - 91,568 138,366
U.S. Treasury, general account 135,038 - 8,870 + 79,499 126,772
U.S. Treasury, supplementary financing account 5,001 0 - 169,839 5,001
Foreign official 3,573 + 413 + 3,405 3,466
Service-related 2,761 0 - 1,643 2,761
Required clearing balances 2,761 0 - 1,643 2,761
Adjustments to compensate for float 0 0 0 0
Other 505 - 3,824 - 2,990 367
Other liabilities and capital (19) 66,725 - 1,424 + 16,296 65,234
Total factors, other than reserve balances,
absorbing reserve funds 1,189,113 - 21,771 - 60,283 1,180,284
Reserve balances with Federal Reserve Banks 1,104,544 + 25,613 + 309,310 1,107,945
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. Includes credit extended by the Federal Reserve Bank of New York to eligible borrowers through the Term
Asset-Backed Securities Loan Facility, net of unamortized deferred administrative fees.
9. Refer to table 7 and the note on consolidation accompanying table 11.
10. Refer to table 4 and the note on consolidation accompanying table 11.
11. Refer to table 5 and the note on consolidation accompanying table 11.
12. Refer to table 6 and the note on consolidation accompanying table 11.
13. Refer to table 8 and the note on consolidation accompanying table 11.
14. Refer to table 9.
15. 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.
16. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates,
and accrued dividends on the Federal Reserve Bank of New York's preferred interests in AIA Aurora LLC and
ALICO Holdings LLC.
17. Estimated.
18. Cash value of agreements, which are collateralized by U.S. Treasury securities and federal agency debt
securities.
19. Includes the liabilities of Commercial Paper Funding Facility LLC, Maiden Lane LLC, Maiden Lane II LLC,
Maiden Lane III LLC, and TALF LLC to entities other than the Federal Reserve Bank of New York, including
liabilities that have recourse only to the portfolio holdings of these LLCs. Refer to table 4 through
table 8 and the note on consolidation accompanying table 11.
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
Jan 27, 2010 Jan 20, 2010 Jan 28, 2009 Jan 27, 2010
Marketable securities held in custody for foreign
official and international accounts (1) 2,948,113 + 2,307 + 399,843 2,948,980
U.S. Treasury securities 2,179,464 + 732 + 442,465 2,179,714
Federal agency securities (2) 768,650 + 1,576 - 42,620 769,266
Securities lent to dealers 4,883 - 1,334 - 127,570 4,108
Overnight facility (3) 4,883 - 1,334 - 2,476 4,108
U.S. Treasury securities 4,383 - 1,339 - 2,976 3,543
Federal agency debt securities 500 + 5 + 500 565
Term facility (4) 0 0 - 125,094 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, January 27, 2010
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 38,531 0 --- --- --- --- 38,531
Other loans (1) 15,330 430 0 72,146 0 --- 87,906
U.S. Treasury securities (2)
Holdings 16,564 26,640 46,210 327,157 214,778 145,270 776,619
Weekly changes + 2,157 - 2,156 + 1 + 2 + 2 + 3 + 8
Federal agency debt securities (3)
Holdings 813 2,318 24,279 100,545 33,371 2,347 163,673
Weekly changes + 813 - 813 + 1,261 + 209 0 0 + 1,470
Mortgage-backed securities (4)
Holdings 0 0 0 0 0 969,728 969,728
Weekly changes 0 0 0 0 0 - 1,173 - 1,173
Commercial paper held by
Commercial Paper Funding
Facility LLC (5) 977 2,966 0 --- --- --- 3,943
Asset-backed securities held by
TALF LLC (6) 0 0 0 0 0 0 0
Repurchase agreements (7) 0 0 --- --- --- --- 0
Central bank liquidity swaps (8) 75 100 0 0 0 0 175
Reverse repurchase agreements (7) 57,794 0 --- --- --- --- 57,794
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, Maiden
Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC. The loans were eliminated when preparing the FRBNY's
statement of condition consistent with consolidation under generally accepted accounting principles.
2. Face value. For inflation-indexed securities, includes the original face value and compensation that adjusts for
the effect of inflation on the original face value of such securities.
3. Face value.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining
principal balance of the underlying mortgages.
5. Face value of commercial paper held by Commercial Paper Funding Facility LLC.
6. Face value of asset-backed securities held by TALF LLC, which is the remaining principal balance of the underlying assets.
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 Jan 27, 2010
Mortgage-backed securities held outright (1) 969,728
Commitments to buy mortgage-backed securities (2) 135,161
Commitments to sell mortgage-backed securities (2) 2,000
Cash and cash equivalents (3) 656
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 10 and table 11.
4. Information on Principal Accounts of Maiden Lane LLC
Millions of dollars
Wednesday
Account name Jan 27, 2010
Net portfolio holdings of Maiden Lane LLC (1) 26,778
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) 424
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3) 1,253
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 September 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 11.
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 10 and table 11.
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 Jan 27, 2010
Net portfolio holdings of Maiden Lane II LLC (1) 15,493
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 15,479
Accrued interest payable to the Federal Reserve Bank of New York (2) 280
Deferred payment and accrued interest payable to subsidiaries of American International
Group, Inc. (3) 1,039
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 September 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 11.
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 10 and table 11.
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 Jan 27, 2010
Net portfolio holdings of Maiden Lane III LLC (1) 22,482
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 17,743
Accrued interest payable to the Federal Reserve Bank of New York (2) 357
Outstanding principal amount and accrued interest on loan payable to American International
Group, Inc. (3) 5,206
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 September 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 11.
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 10 and table 11.
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 Jan 27, 2010
Commercial paper holdings, net (1) 3,787
Other investments, net 4,868
Net portfolio holdings of Commercial Paper Funding Facility LLC 8,655
Memorandum: Commercial paper holdings, face value 3,943
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 3,911
Accrued interest payable to the Federal Reserve Bank of New York (2) 1
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 11.
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 TALF LLC
Millions of dollars
Wednesday
Account name Jan 27, 2010
Asset-backed securities holdings (1) 0
Other investments, net 334
Net portfolio holdings of TALF LLC 334
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 0
Accrued interest payable to the Federal Reserve Bank of New York (2) 0
Funding provided by U.S. Treasury to TALF LLC, including accrued interest payable (3) 103
1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if
the transaction were to be conducted in an orderly market on the measurement date.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of
condition consistent with consolidation under generally accepted accounting principles. Refer to the note
on consolidation accompanying table 11.
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 10 and table 11.
Note: On November 25, 2008, the Federal Reserve announced the creation of the Term Asset-Backed Securities Loan
Facility (TALF) under the authority of section 13(3) of the Federal Reserve Act. The TALF is a facility under
which the Federal Reserve Bank of New York (FRBNY) extends loans with a term of up to five years to holders of
eligible asset-backed securities. The TALF is intended to assist financial markets in accommodating the credit
needs of consumers and businesses by facilitating the issuance of asset-backed securities collateralized by a
variety of consumer and business loans. The loans provided through the TALF to eligible borrowers are non-recourse,
meaning that the obligation of the borrower can be discharged by surrendering the collateral to the FRBNY. The
loans are extended for the market value of the security less an amount known as a haircut. As a result, the
borrower bears the initial risk of a decline in the value of the security.
TALF LLC is a limited liability company formed to purchase and manage any asset-backed securities received by
the FRBNY in connection with the decision of a borrower not to repay a TALF loan. TALF LLC has committed, for a
fee, to purchase all asset-backed securities received by the FRBNY in conjunction with a TALF loan at a price
equal to the TALF loan plus accrued but unpaid interest. Losses on asset-backed securities held by TALF LLC
will be offset in the following order: by the commitment fees collected by TALF LLC, by the interest received on
investments of TALF LLC, by up to $20 billion in subordinated debt funding provided by the U.S. Treasury, and
finally, by senior debt funding provided by the FRBNY. Payments by TALF LLC from the proceeds of its net portfolio
holdings will be made in the following order: operating expenses of TALF LLC, principal due to the FRBNY, principal
due to the U.S. Treasury, interest due to the FRBNY, and interest due to the U.S. Treasury. Any remaining funds
will be shared by the FRBNY and the U.S. Treasury.
9. Supplemental Information on the Federal Reserve Bank of New York's Preferred Interests in AIA Aurora LLC and
ALICO Holdings LLC
Millions of dollars
Wednesday
Account name Jan 27, 2010
Preferred interests in AIA Aurora LLC and ALICO Holdings LLC (1) 25,106
Accrued dividends on preferred interests in AIA Aurora LLC and ALICO Holdings LLC (2) 93
Preferred interests in AIA Aurora LLC (1) 16,068
Accrued dividends on preferred interests in AIA Aurora LLC (2) 59
Preferred interests in ALICO Holdings LLC (1) 9,038
Accrued dividends on preferred interests in ALICO Holdings LLC (2) 33
Note: Components may not sum to totals because of rounding.
1. Book value.
2. This amount is included in other Federal Reserve assets in table 1 and in other assets in table 10 and table 11.
Note on preferred interests:
In conjunction with the restructuring of the government's assistance to American
International Group, Inc. (AIG) announced March 2, 2009, the outstanding balance and amount available of revolving
credit provided to AIG by the FRBNY has been reduced in exchange for preferred interests in two special purpose
vehicles, AIA Aurora LLC and ALICO Holdings LLC. These two limited liability companies were created to directly or
indirectly hold all of the outstanding common stock of American International Assurance Company Ltd. (AIA) and
American Life Insurance Company (ALICO), two life insurance subsidiaries of AIG. AIG will retain control of AIA
Aurora LLC and ALICO Holdings LLC, and the FRBNY will have certain consent, disposition, and conversion rights with
respect to its preferred interests.
Dividends accrue as a percentage of the FRBNY's preferred interests in AIA Aurora LLC and ALICO Holdings LLC. On a
quarterly basis, the accrued dividends are capitalized and added to the FRBNY's preferred interests in AIA Aurora LLC
and ALICO Holdings LLC.
10. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of dollars
Eliminations Change since
from Wednesday Wednesday Wednesday
Assets, liabilities, and capital consolidation Jan 27, 2010 Jan 20, 2010 Jan 28, 2009
Assets
Gold certificate account 11,037 0 0
Special drawing rights certificate account 5,200 0 + 3,000
Coin 2,230 + 80 + 374
Securities, repurchase agreements, term auction
credit, and other loans 2,036,457 + 1,267 + 955,165
Securities held outright (1) 1,910,020 + 305 +1,399,149
U.S. Treasury securities 776,619 + 8 + 301,490
Bills (2) 18,423 0 0
Notes and bonds, nominal (2) 708,872 0 + 295,958
Notes and bonds, inflation-indexed (2) 43,777 0 + 4,399
Inflation compensation (3) 5,547 + 8 + 1,132
Federal agency debt securities (2) 163,673 + 1,470 + 135,308
Mortgage-backed securities (4) 969,728 - 1,173 + 962,351
Repurchase agreements (5) 0 0 0
Term auction credit 38,531 0 - 377,100
Other loans 87,906 + 962 - 66,884
Net portfolio holdings of Commercial Paper
Funding Facility LLC (6) 8,655 - 4,456 - 239,436
Net portfolio holdings of Maiden Lane LLC (7) 26,778 + 20 + 1,006
Net portfolio holdings of Maiden Lane II LLC (8) 15,493 + 78 - 3,471
Net portfolio holdings of
Maiden Lane III LLC (9) 22,482 + 11 - 4,974
Net portfolio holdings of TALF LLC (10) 334 + 36 + 334
Preferred interests in AIA Aurora LLC and
ALICO Holdings LLC (11) 25,106 0 + 25,106
Items in process of collection (179) 309 - 358 - 959
Bank premises 2,245 + 2 + 62
Central bank liquidity swaps (12) 175 - 1,075 - 465,497
Other assets (13) 93,663 - 535 + 50,905
Total assets (179) 2,250,164 - 4,929 + 321,615
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.
10. 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 Jan 27, 2010 Jan 20, 2010 Jan 28, 2009
Liabilities
Federal Reserve notes, net of F.R. Bank holdings 878,375 - 947 + 29,580
Reverse repurchase agreements (14) 57,794 - 5,136 - 14,420
Deposits (0) 1,246,343 + 4,232 + 290,872
Depository institutions 1,110,737 + 47,695 + 370,334
U.S. Treasury, general account 126,772 - 43,665 + 88,055
U.S. Treasury, supplementary financing account 5,001 0 - 169,839
Foreign official 3,466 + 251 + 3,358
Other (0) 367 - 48 - 1,036
Deferred availability cash items (179) 2,417 - 1,177 - 393
Other liabilities and accrued dividends (15) 12,864 - 2,284 + 4,314
Total liabilities (179) 2,197,793 - 5,313 + 309,953
Capital accounts
Capital paid in 25,668 + 19 + 4,097
Surplus 25,294 + 102 + 6,317
Other capital accounts 1,408 + 261 + 1,247
Total capital 52,371 + 384 + 11,661
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 11.
7. Refer to table 4 and the note on consolidation accompanying table 11.
8. Refer to table 5 and the note on consolidation accompanying table 11.
9. Refer to table 6 and the note on consolidation accompanying table 11.
10. Refer to table 8 and the note on consolidation accompanying table 11.
11. Refer to table 9.
12. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when
the foreign currency is returned to the foreign central bank. This exchange rate equals the market
exchange rate used when the foreign currency was acquired from the foreign central bank.
13. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates,
and accrued dividends on the Federal Reserve Bank of New York's preferred interests in AIA Aurora LLC and
ALICO Holdings LLC.
14. Cash value of agreements, which are collateralized by U.S. Treasury securities and federal agency debt
securities.
15. Includes the liabilities of Commercial Paper Funding Facility LLC, Maiden Lane LLC, Maiden Lane II LLC,
Maiden Lane III LLC, and TALF LLC to entities other than the Federal Reserve Bank of New York, including
liabilities that have recourse only to the portfolio holdings of these LLCs. Refer to table 4 through
table 8 and the note on consolidation accompanying table 11.
11. Statement of Condition of Each Federal Reserve Bank, January 27, 2010
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 2,230 70 85 176 169 315 230 328 40 69 146 238 364
Securities, repurchase agreements, term
auction credit, and other loans 2,036,457 38,802 862,177 30,352 75,652 69,371 230,637 208,712 75,236 31,889 86,656 92,896 234,077
Securities held outright (1) 1,910,020 36,640 746,580 29,632 75,461 68,831 230,131 206,685 74,827 31,621 86,217 92,352 231,042
U.S. Treasury securities 776,619 14,898 303,561 12,049 30,683 27,987 93,572 84,039 30,425 12,857 35,056 37,551 93,942
Bills (2) 18,423 353 7,201 286 728 664 2,220 1,994 722 305 832 891 2,228
Notes and bonds (3) 758,196 14,545 296,360 11,763 29,955 27,323 91,352 82,045 29,703 12,552 34,224 36,660 91,714
Federal agency debt securities (2) 163,673 3,140 63,976 2,539 6,466 5,898 19,720 17,711 6,412 2,710 7,388 7,914 19,798
Mortgage-backed securities (4) 969,728 18,602 379,043 15,044 38,312 34,946 116,839 104,935 37,990 16,054 43,773 46,888 117,301
Repurchase agreements (5) 0 0 0 0 0 0 0 0 0 0 0 0 0
Term auction credit 38,531 2,025 28,711 563 189 460 388 1,725 395 239 438 540 2,858
Other loans 87,906 137 86,886 157 2 80 118 302 14 29 1 4 177
Net portfolio holdings of Commercial
Paper Funding Facility LLC (6) 8,655 0 8,655 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of Maiden Lane
LLC (7) 26,778 0 26,778 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of Maiden
Lane II LLC (8) 15,493 0 15,493 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of Maiden
Lane III LLC (9) 22,482 0 22,482 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of TALF LLC (10) 334 0 334 0 0 0 0 0 0 0 0 0 0
Preferred interests in AIA Aurora LLC
and ALICO Holdings LLC (11) 25,106 0 25,106 0 0 0 0 0 0 0 0 0 0
Items in process of collection 488 21 0 40 170 9 91 24 7 40 32 30 25
Bank premises 2,245 121 262 71 144 237 221 209 136 111 268 253 214
Central bank liquidity swaps (12) 175 7 47 19 13 50 13 6 2 3 2 2 12
Other assets (13) 93,663 2,363 33,397 3,894 4,570 9,830 10,108 8,142 2,922 1,541 3,315 3,625 9,956
Interdistrict settlement account 0 + 10,944 + 154,361 + 39,434 - 29,434 + 205,265 - 93,763 - 103,688 - 38,243 - 10,581 - 41,234 - 27,692 - 65,369
Total assets 2,250,343 52,936 1,154,890 74,647 51,988 286,371 149,548 115,067 40,578 23,358 49,672 70,254 181,034
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.
11. Statement of Condition of Each Federal Reserve Bank, January 27, 2010 (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 1,080,612 35,574 397,258 38,199 44,648 82,217 137,195 85,218 32,826 19,382 28,740 63,005 116,351
Less: Notes held by F.R. Banks 202,237 4,771 70,774 6,261 8,469 11,365 34,222 13,175 4,549 2,817 3,559 13,722 28,553
Federal Reserve notes, net 878,375 30,803 326,484 31,938 36,180 70,852 102,973 72,043 28,277 16,565 25,181 49,283 87,798
Reverse repurchase agreements (14) 57,794 1,109 22,590 897 2,283 2,083 6,963 6,254 2,264 957 2,609 2,794 6,991
Deposits 1,246,343 18,864 781,527 36,002 8,546 198,758 35,293 34,610 9,204 3,914 21,034 16,956 81,634
Depository institutions 1,110,737 18,856 646,126 35,995 8,542 198,622 35,290 34,575 9,202 3,914 21,032 16,956 81,628
U.S. Treasury, general account 126,772 0 126,772 0 0 0 0 0 0 0 0 0 0
U.S. Treasury, supplementary
financing account 5,001 0 5,001 0 0 0 0 0 0 0 0 0 0
Foreign official 3,466 2 3,436 4 3 11 3 1 0 1 0 1 3
Other 367 6 192 3 1 125 0 33 1 0 1 0 3
Deferred availability cash items 2,596 63 0 224 785 67 269 153 48 326 112 131 417
Other liabilities and accrued
dividends (15) 12,864 183 8,724 193 291 492 705 628 257 150 258 323 661
Total liabilities 2,197,972 51,022 1,139,325 69,253 48,085 272,252 146,204 113,688 40,050 21,911 49,194 69,488 177,500
Capital
Capital paid in 25,668 944 7,442 2,802 1,921 7,140 1,600 619 240 712 208 352 1,688
Surplus 25,294 944 7,467 2,591 1,910 6,979 1,581 619 240 712 210 353 1,687
Other capital 1,408 25 656 0 71 0 164 141 48 22 61 61 158
Total liabilities and capital 2,250,343 52,936 1,154,890 74,647 51,988 286,371 149,548 115,067 40,578 23,358 49,672 70,254 181,034
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.
11. Statement of Condition of Each Federal Reserve Bank, January 27, 2010 (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 4 and the note on consolidation below.
8. Refer to table 5 and the note on consolidation below.
9. Refer to table 6 and the note on consolidation below.
10. Refer to table 8 and the note on consolidation below.
11. Refer to table 9.
12. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This
exchange rate equals the market exchange rate used when the foreign currency was acquired from the foreign central bank.
13. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates, and accrued dividends on the Federal Reserve Bank of New York's
preferred interests in AIA Aurora LLC and ALICO Holdings LLC.
14. Cash value of agreements, which are collateralized by U.S. Treasury securities and federal agency debt securities.
15. Includes the liabilities of Commercial Paper Funding Facility LLC, Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to entities other than the Federal Reserve
Bank of New York, including liabilities that have recourse only to the portfolio holdings of these LLCs. Refer to table 4 through table 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 November 25, 2008, a loan was extended to Maiden Lane III LLC,
which was formed to purchase multi-sector collateralized debt obligations on which the Financial Products group of the American International Group, Inc. has written credit default swap
contracts. On December 12, 2008, a loan was extended to Maiden Lane II LLC, which was formed to purchase residential mortgage-backed securities from the U.S. securities lending
reinvestment portfolio of subsidiaries of American International Group, Inc. On November 25, 2008, the Federal Reserve Board authorized the FRBNY to extend credit to TALF LLC, which was
formed to purchase and manage any asset-backed securities received by the FRBNY in connection with the decision of a borrower not to repay a loan extended under the Term Asset-Backed
Securities Loan Facility.
The FRBNY is the sole beneficiary of Commercial Paper Funding Facility LLC. The FRBNY is the primary beneficiary of TALF LLC, because of the two beneficiaries of the LLC, the FRBNY and the
U.S. Treasury, the FRBNY is primarily responsible for directing the financial activities of TALF LLC. The FRBNY is the primary beneficiary of the other LLCs cited above because it will receive
a majority of any residual returns of the LLCs and absorb a majority of any residual losses of the LLCs. Consistent with generally accepted accounting principles, the assets and liabilities of
these LLCs have been consolidated with the assets and liabilities of the FRBNY in the preparation of the statements of condition shown on this release. As a consequence of the consolidation,
the extensions of credit from the FRBNY to the LLCs are eliminated, the net assets of the LLCs appear as assets on the previous page (and in table 1 and table 10), 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 10).
12. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts
Millions of dollars
Federal Reserve notes and collateral Wednesday
Jan 27, 2010
Federal Reserve notes outstanding 1,080,612
Less: Notes held by F.R. Banks not subject to collateralization 202,237
Federal Reserve notes to be collateralized 878,375
Collateral held against Federal Reserve notes 878,375
Gold certificate account 11,037
Special drawing rights certificate account 5,200
U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 862,139
Other assets pledged 0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 1,910,020
Less: Face value of securities under reverse repurchase agreements 57,124
U.S. Treasury, agency debt, and mortgage-backed securities
eligible to be pledged 1,852,895
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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