Federal Reserve Statistical Release, H.4.1, Factors Affecting Reserve Balances; title with eagle logo links to Statistical Release home page
Release Date:   February 25, 2010
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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

February 25, 2010
1. Factors Affecting Reserve Balances of Depository Institutions
Millions of dollars
Reserve Bank credit, related items, and
reserve balances of depository institutions at
Federal Reserve Banks		 Averages of daily figures Wednesday
Feb 24, 2010
Week ended
Feb 24, 2010		 Change from week ended
Feb 17, 2010 Feb 25, 2009
Reserve Bank credit 2,269,428 + 5,245 + 369,306 2,268,945
    Securities held outright 1 1,975,284 + 8,228 +1,396,201 1,975,641
        U.S. Treasury securities 776,557 - 20 + 301,873 776,549
            Bills 2 18,423 0 0 18,423
            Notes and bonds, nominal 2 708,872 0 + 295,958 708,872
            Notes and bonds, inflation-indexed 2 43,777 0 + 4,399 43,777
            Inflation compensation 3 5,485 - 21 + 1,514 5,477
        Federal agency debt securities 2 165,992 + 91 + 130,123 166,533
        Mortgage-backed securities 4 1,032,735 + 8,158 + 964,206 1,032,560
    Repurchase agreements 5 0 0 0 0
    Term auction credit 15,425 - 1 - 432,138 15,425
    Other loans 87,207 - 524 - 52,257 86,026
        Primary credit 13,960 - 303 - 50,448 13,753
        Secondary credit 814 - 86 + 807 800
        Seasonal credit 0 0 - 2 2
        Primary dealer and other broker-dealer credit 6 0 0 - 25,618 0
        Asset-Backed Commercial Paper Money Market
            Mutual Fund Liquidity Facility		 0 0 - 11,382 0
        Credit extended to American International
            Group, Inc., net 7		 25,473 - 51 - 12,573 25,272
        Term Asset-Backed Securities Loan Facility, net 8 46,960 - 83 + 46,960 46,199
        Other credit extensions 0 0 0 0
    Net portfolio holdings of Commercial Paper
        Funding Facility LLC 9		 7,724 + 13 - 238,509 7,734
    Net portfolio holdings of Maiden Lane LLC 10 27,211 + 27 + 1,287 27,215
    Net portfolio holdings of Maiden Lane II LLC 11 15,488 + 7 - 3,153 15,492
    Net portfolio holdings of Maiden Lane III LLC 12 22,393 + 13 - 5,284 22,399
    Net portfolio holdings of TALF LLC 13 350 + 16 + 350 372
    Preferred interests in AIA Aurora LLC and ALICO
        Holdings LLC 14		 25,106 0 + 25,106 25,106
    Float -1,714 + 175 + 665 -1,724
    Central bank liquidity swaps 15 0 - 14 - 374,590 0
    Other Federal Reserve assets 16 94,953 - 2,695 + 51,625 95,258
Gold stock 11,041 0 0 11,041
Special drawing rights certificate account 5,200 0 + 3,000 5,200
Treasury currency outstanding 17 42,789 + 14 + 617 42,789
 
Total factors supplying reserve funds 2,328,458 + 5,259 + 372,923 2,327,975
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
reserve balances of depository institutions at
Federal Reserve Banks		 Averages of daily figures Wednesday
Feb 24, 2010
Week ended
Feb 24, 2010		 Change from week ended
Feb 17, 2010 Feb 25, 2009
Currency in circulation 17 931,689 - 183 + 34,607 932,489
Reverse repurchase agreements 18 55,304 + 512 - 12,539 56,563
    Foreign official and international accounts 55,304 + 512 - 12,539 56,563
    Dealers 0 0 0 0
Treasury cash holdings 204 - 2 - 74 200
Deposits with F.R. Banks, other than reserve balances 45,293 - 20,687 - 201,912 26,035
    U.S. Treasury, general account 32,891 - 13,589 - 2,692 12,922
    U.S. Treasury, supplementary financing account 5,000 0 - 194,950 5,000
    Foreign official 3,992 + 959 + 1,310 4,633
    Service-related 2,746 - 1 - 1,728 2,746
        Required clearing balances 2,746 - 1 - 1,728 2,746
        Adjustments to compensate for float 0 0 0 0
    Other 664 - 8,057 - 3,852 733
Other liabilities and capital 19 68,385 - 1,237 + 17,501 66,534
 
Total factors, other than reserve balances,
    absorbing reserve funds		 1,100,875 - 21,597 - 162,416 1,081,820
 
Reserve balances with Federal Reserve Banks 1,227,583 + 26,856 + 535,339 1,246,154
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
Memorandum item Averages of daily figures Wednesday
Feb 24, 2010
Week ended
Feb 24, 2010		 Change from week ended
Feb 17, 2010 Feb 25, 2009
Marketable securities held in custody for foreign
    official and international accounts 1		 2,964,566 + 5,603 + 383,840 2,964,279
    U.S. Treasury securities 2,196,735 + 3,511 + 430,062 2,197,470
    Federal agency securities 2 767,831 + 2,092 - 46,222 766,809
Securities lent to dealers 5,079 - 372 - 112,762 5,182
    Overnight facility 3 5,079 - 372 - 1,206 5,182
        U.S. Treasury securities 4,283 - 309 - 2,002 4,270
        Federal agency debt securities 796 - 63 + 796 912
    Term facility 4 0 0 - 111,556 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, February 24, 2010
Millions of dollars
Remaining maturity Within 15
days		 16 days to
90 days		 91 days to
1 year		 Over 1 year
to 5 years		 Over 5 years
to 10 years		 Over 10
years		 All
Term auction credit 15,425 0 ... ... ... ... 15,425
Other loans 1 14,378 177 0 71,472 0 ... 86,026
U.S. Treasury securities 2  
    Holdings 17,541 24,188 40,542 337,293 213,261 143,724 776,549
    Weekly changes + 2,156 - 2,158 0 - 5 - 5 - 9 - 22
Federal agency debt securities 3  
    Holdings 0 3,134 23,258 103,264 34,530 2,347 166,533
    Weekly changes 0 + 200 + 46 + 530 + 170 0 + 946
Mortgage-backed securities 4  
    Holdings 0 0 0 18 21 1,032,521 1,032,560
    Weekly changes 0 0 0 0 0 + 7,018 + 7,019
Commercial paper held by
    Commercial Paper Funding
    Facility LLC 5		 0 2,966 0 ... ... ... 2,966
Asset-backed securities held by
    TALF LLC 6		 0 0 0 0 0 0 0
Repurchase agreements 7 0 0 ... ... ... ... 0
   
Reverse repurchase agreements 7 56,563 0 ... ... ... ... 56,563
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.

3. Supplemental Information on Mortgage-Backed Securities Purchase Program
Millions of dollars
Account name Wednesday
Feb 24, 2010
Mortgage-backed securities held outright 1 1,032,560
 
Commitments to buy mortgage-backed securities 2 111,980
Commitments to sell mortgage-backed securities 2 0
 
Cash and cash equivalents 3 676
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
Account name Wednesday
Feb 24, 2010
Net portfolio holdings of Maiden Lane LLC 1 27,215
 
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 2 436
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. 3 1,258
1. 
Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of December 31, 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
Account name Wednesday
Feb 24, 2010
Net portfolio holdings of Maiden Lane II LLC 1 15,492
 
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York 2 15,207
Accrued interest payable to the Federal Reserve Bank of New York 2 295
Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc. 3 1,042
1. 
Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of December 31, 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
Account name Wednesday
Feb 24, 2010
Net portfolio holdings of Maiden Lane III LLC 1 22,399
 
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York 2 17,367
Accrued interest payable to the Federal Reserve Bank of New York 2 374
Outstanding principal amount and accrued interest on loan payable to American International Group, Inc. 3 5,218
1. 
Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of December 31, 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
Account name Wednesday
Feb 24, 2010
Commercial paper holdings, net 1 2,857
Other investments, net 4,876
Net portfolio holdings of Commercial Paper Funding Facility LLC 7,734
 
Memorandum: Commercial paper holdings, face value 2,966
 
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York 2 2,942
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
Account name Wednesday
Feb 24, 2010
Asset-backed securities holdings 1 0
Other investments, net 372
Net portfolio holdings of TALF LLC 372
 
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
Account name Wednesday
Feb 24, 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 2 189
 
Preferred interests in AIA Aurora LLC 1 16,068
Accrued dividends on preferred interests in AIA Aurora LLC 2 121
 
Preferred interests in ALICO Holdings LLC 1 9,038
Accrued dividends on preferred interests in ALICO Holdings LLC 2 68
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
Assets, liabilities, and capital Eliminations from
consolidation		 Wednesday
Feb 24, 2010		 Change since
Wednesday
Feb 17, 2010		 Wednesday
Feb 25, 2009
Assets  
Gold certificate account   11,037 0 0
Special drawing rights certificate account   5,200 0 + 3,000
Coin   2,166 - 26 + 311
Securities, repurchase agreements, term auction
    credit, and other loans		   2,077,093 + 6,195 + 908,905
    Securities held outright 1   1,975,641 + 7,942 +1,393,915
        U.S. Treasury securities   776,549 - 22 + 301,906
            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   5,477 - 22 + 1,548
        Federal agency debt securities 2   166,533 + 946 + 128,195
        Mortgage-backed securities 4   1,032,560 + 7,019 + 963,815
    Repurchase agreements 5   0 0 0
    Term auction credit   15,425 - 1 - 432,138
    Other loans   86,026 - 1,748 - 52,873
Net portfolio holdings of Commercial Paper
    Funding Facility LLC 6		   7,734 + 13 - 234,769
Net portfolio holdings of Maiden Lane LLC 7   27,215 + 5 + 1,246
Net portfolio holdings of Maiden Lane II LLC 8   15,492 + 5 - 3,155
Net portfolio holdings of Maiden Lane III LLC 9   22,399 + 7 - 5,296
Net portfolio holdings of TALF LLC 10   372 + 38 + 372
Preferred interests in AIA Aurora LLC and ALICO
    Holdings LLC 11		   25,106 0 + 25,106
Items in process of collection (155) 410 + 348 - 549
Bank premises   2,242 + 1 + 55
Central bank liquidity swaps 12   0 0 - 374,947
Other assets 13   93,039 + 1,968 + 51,645
 
Total assets (155) 2,289,504 + 8,552 + 371,923
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
Assets, liabilities, and capital Eliminations from
consolidation		 Wednesday
Feb 24, 2010		 Change since
Wednesday
Feb 17, 2010		 Wednesday
Feb 25, 2009
Liabilities  
Federal Reserve notes, net of F.R. Bank holdings   892,062 - 923 + 33,324
Reverse repurchase agreements 14   56,563 + 1,675 - 11,150
Deposits (0) 1,272,212 + 8,884 + 335,184
    Depository institutions   1,248,923 + 43,758 + 547,780
    U.S. Treasury, general account   12,922 - 36,780 - 12,187
    U.S. Treasury, supplementary financing account   5,000 0 - 194,950
    Foreign official   4,633 + 1,563 + 2,400
    Other (0) 733 + 342 - 7,860
Deferred availability cash items (155) 2,134 - 1,073 - 976
Other liabilities and accrued dividends 15   13,249 - 769 + 4,451
 
Total liabilities (155) 2,236,219 + 7,794 + 360,832
 
Capital accounts  
Capital paid in   25,798 + 33 + 3,608
Surplus   25,275 + 52 + 5,443
Other capital accounts   2,212 + 673 + 2,040
 
Total capital   53,285 + 758 + 11,091
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, February 24, 2010
Millions of dollars
Assets, liabilities, and capital Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas
City		 Dallas San
Francisco
Assets  
Gold certificate account 11,037 412 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 2,166 73 83 175 160 314 213 336 32 66 147 217 350
Securities, repurchase agreements, term
    auction credit, and other loans		 2,077,093 38,000 868,313 31,143 78,163 71,648 238,766 214,757 77,594 32,877 89,216 96,126 240,490
    Securities held outright 1 1,975,641 37,899 772,230 30,650 78,054 71,196 238,038 213,786 77,398 32,707 89,179 95,525 238,980
        U.S. Treasury securities 776,549 14,897 303,534 12,047 30,680 27,985 93,563 84,031 30,422 12,856 35,053 37,547 93,934
            Bills 2 18,423 353 7,201 286 728 664 2,220 1,994 722 305 832 891 2,228
            Notes and bonds 3 758,126 14,543 296,333 11,762 29,952 27,321 91,344 82,037 29,700 12,551 34,221 36,656 91,705
        Federal agency debt securities 2 166,533 3,195 65,094 2,584 6,579 6,001 20,065 18,021 6,524 2,757 7,517 8,052 20,144
        Mortgage-backed securities 4 1,032,560 19,808 403,602 16,019 40,794 37,210 124,409 111,734 40,452 17,094 46,609 49,926 124,902
    Repurchase agreements 5 0 0 0 0 0 0 0 0 0 0 0 0 0
    Term auction credit 15,425 25 10,571 456 109 363 678 794 183 132 35 600 1,479
    Other loans 86,026 76 85,513 36 0 89 50 177 13 38 2 1 31
Net portfolio holdings of Commercial
    Paper Funding Facility LLC 6		 7,734 0 7,734 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of Maiden
    Lane LLC 7		 27,215 0 27,215 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of Maiden
    Lane II LLC 8		 15,492 0 15,492 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of Maiden
    Lane III LLC 9		 22,399 0 22,399 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of TALF LLC 10 372 0 372 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 564 10 0 39 76 5 308 16 5 41 19 28 17
Bank premises 2,242 121 261 71 144 237 221 209 136 110 267 252 213
Central bank liquidity swaps 12 0 0 0 0 0 0 0 0 0 0 0 0 0
Other assets 13 93,039 2,257 33,923 3,814 4,542 9,523 9,666 7,864 2,903 1,838 3,258 3,632 9,818
Interdistrict settlement account 0 + 6,396 + 134,042 + 44,102 - 27,636 + 203,181 - 96,607 - 99,673 - 38,467 - 11,018 - 37,637 - 28,142 - 48,541
 
Total assets 2,289,659 47,465 1,140,652 80,004 56,153 286,202 154,577 124,844 42,682 24,202 55,757 73,016 204,104
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, February 24, 2010 (continued)
Millions of dollars
Assets, liabilities, and capital Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas
City		 Dallas San
Francisco
Liabilities  
Federal Reserve notes outstanding 1,078,737 35,378 395,846 38,619 44,461 81,848 137,580 85,224 32,722 19,559 28,679 63,363 115,456
    Less: Notes held by F.R. Banks 186,675 4,443 66,101 5,569 7,507 10,184 32,810 11,518 3,755 2,761 3,428 12,344 26,256
        Federal Reserve notes, net 892,062 30,936 329,745 33,050 36,954 71,664 104,770 73,707 28,967 16,798 25,251 51,019 89,200
Reverse repurchase agreements 14 56,563 1,085 22,109 878 2,235 2,038 6,815 6,121 2,216 936 2,553 2,735 6,842
Deposits 1,272,212 13,301 763,813 40,202 12,182 197,835 38,617 42,716 10,630 4,456 27,079 18,017 103,363
    Depository institutions 1,248,923 13,294 740,669 40,198 12,178 197,737 38,614 42,697 10,627 4,455 27,078 18,017 103,360
    U.S. Treasury, general account 12,922 0 12,922 0 0 0 0 0 0 0 0 0 0
    U.S. Treasury, supplementary
        financing account		 5,000 0 5,000 0 0 0 0 0 0 0 0 0 0
    Foreign official 4,633 1 4,605 4 3 11 2 1 0 1 0 1 3
    Other 733 5 618 0 1 87 0 18 2 0 1 0 1
Deferred availability cash items 2,289 59 0 214 553 71 206 148 47 395 98 110 389
Other liabilities and accrued
    dividends 15		 13,249 202 8,635 218 327 530 787 700 288 167 292 357 748
 
Total liabilities 2,236,374 45,582 1,124,301 74,561 52,251 272,138 151,194 123,392 42,147 22,753 55,273 72,238 200,543
 
Capital  
Capital paid in 25,798 914 7,531 2,854 1,921 7,127 1,599 645 236 712 206 353 1,698
Surplus 25,275 944 7,493 2,588 1,910 6,938 1,581 620 240 712 210 353 1,687
Other capital 2,212 25 1,327 0 70 0 203 188 58 25 69 72 175
 
Total liabilities and capital 2,289,659 47,465 1,140,652 80,004 56,153 286,202 154,577 124,844 42,682 24,202 55,757 73,016 204,104
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, February 24, 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
Feb 24, 2010
Federal Reserve notes outstanding 1,078,737
    Less: Notes held by F.R. Banks not subject to collateralization 186,675
        Federal Reserve notes to be collateralized 892,062
Collateral held against Federal Reserve notes 892,062
    Gold certificate account 11,037
    Special drawing rights certificate account 5,200
    U.S. Treasury, agency debt, and mortgage-backed securities pledged 1,2 875,825
    Other assets pledged 0
Memo:  
Total U.S. Treasury, agency debt, and mortgage-backed securities 1,2 1,975,641
    Less: Face value of securities under reverse repurchase agreements 55,959
        U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 1,919,683
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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Last update: February 25, 2010