Federal Reserve Statistical Release, H.4.1, Factors Affecting Reserve Balances; title with eagle logo links to Statistical Release home page
Release Date:   May 13, 2010
Release dates | Historical data | Data Download Program (DDP) | About | Announcements
Current release  Other formats: Screen reader | ASCII | PDF (21 KB)

Try data download now image link
For release at
4:30 p.m. EDT
May 13, 2010

The Board's H.4.1 statistical release, "Factors Affecting Reserve Balances of Depository Institutions
and Condition Statement of Federal Reserve Banks," has been modified to report the maturity
distribution of temporary U.S. dollar liquidity swap facilities (central bank liquidity swaps). These
facilities were re-established in response to the re-emergence of strains in U.S. dollar short-term
funding markets in Europe and are designed to help improve liquidity conditions in U.S. dollar
funding markets and to prevent the spread of strains to other markets and financial centers.

The maturity distribution of these swaps is reported again in table 2. The release continues to show
the outstanding dollar value of central bank liquidity swaps in tables 1, 10, and 11.

Detailed information about draws on the swap lines by the participating central banks is presented
on the Federal Reserve Bank of New York's website:
http://www.newyorkfed.org/markets/liquidity_swap.html.

FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks

May 13, 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
May 12, 2010
Week ended
May 12, 2010		 Change from week ended
May 5, 2010 May 13, 2009
Reserve Bank credit 2,310,188 - 1,240 + 193,731 2,318,471
    Securities held outright 1 2,042,467 + 217 +1,016,818 2,043,258
        U.S. Treasury securities 776,776 + 48 + 207,350 776,792
            Bills 2 18,423 0 0 18,423
            Notes and bonds, nominal 2 712,023 - 34 + 206,909 712,023
            Notes and bonds, inflation-indexed 2 41,125 + 33 - 128 41,125
            Inflation compensation 3 5,204 + 47 + 568 5,220
        Federal agency debt securities 2 168,112 - 113 + 96,003 168,112
        Mortgage-backed securities 4 1,097,579 + 282 + 713,464 1,098,355
    Repurchase agreements 5 0 0 0 0
    Term auction credit 0 0 - 428,835 0
    Other loans 77,186 - 912 - 46,771 76,636
        Primary credit 5,150 - 197 - 34,722 5,136
        Secondary credit 486 - 14 + 486 400
        Seasonal credit 43 + 10 + 34 44
        Primary dealer and other broker-dealer credit 6 0 0 - 482 0
        Asset-Backed Commercial Paper Money Market
            Mutual Fund Liquidity Facility		 0 0 - 28,781 0
        Credit extended to American International
            Group, Inc., net 7		 26,808 - 254 - 18,894 26,382
        Term Asset-Backed Securities Loan Facility 8 44,699 - 457 + 35,589 44,675
        Other credit extensions 0 0 0 0
    Net portfolio holdings of Commercial Paper
        Funding Facility LLC 9		 2 - 2,794 - 166,924 2
    Net portfolio holdings of Maiden Lane LLC 10 28,261 + 30 + 2,586 28,262
    Net portfolio holdings of Maiden Lane II LLC 11 15,839 - 222 - 305 15,841
    Net portfolio holdings of Maiden Lane III LLC 12 23,299 - 306 + 3,068 23,361
    Net portfolio holdings of TALF LLC 13 439 0 + 439 439
    Preferred interests in AIA Aurora LLC and ALICO
        Holdings LLC 14		 25,416 0 + 25,416 25,416
    Float -1,883 + 52 + 237 -2,253
    Central bank liquidity swaps 15 1,315 + 1,315 - 245,185 9,205
    Other Federal Reserve assets 16 97,848 + 1,380 + 33,190 98,303
Gold stock 11,041 0 0 11,041
Special drawing rights certificate account 5,200 0 + 3,000 5,200
Treasury currency outstanding 17 42,829 + 14 + 507 42,829
 
Total factors supplying reserve funds 2,369,258 - 1,226 + 197,238 2,377,541
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
May 12, 2010
Week ended
May 12, 2010		 Change from week ended
May 5, 2010 May 13, 2009
Currency in circulation 17 937,635 + 1,610 + 32,844 939,262
Reverse repurchase agreements 18 54,241 - 3,389 - 13,778 56,647
    Foreign official and international accounts 54,241 - 3,389 - 13,778 56,647
    Dealers 0 0 0 0
Treasury cash holdings 185 - 15 - 105 186
Deposits with F.R. Banks, other than reserve balances 241,659 - 42,226 - 50,648 220,662
    U.S. Treasury, general account 34,305 - 42,362 - 41,754 16,293
    U.S. Treasury, supplementary financing account 199,958 0 + 25 199,958
    Foreign official 1,480 - 2,504 - 462 1,413
    Service-related 2,665 - 1 - 1,674 2,665
        Required clearing balances 2,665 - 1 - 1,674 2,665
        Adjustments to compensate for float 0 0 0 0
    Other 3,251 + 2,641 - 6,783 333
Other liabilities and capital 19 70,695 - 805 + 22,351 71,004
 
Total factors, other than reserve balances,
    absorbing reserve funds		 1,304,415 - 44,824 - 9,335 1,287,762
 
Reserve balances with Federal Reserve Banks 1,064,843 + 43,598 + 206,573 1,089,779
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.
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, accrued dividends on the Federal Reserve Bank of New York's (FRBNY) preferred interests in AIA Aurora LLC and ALICO Holdings LLC, and the fair value adjustment to credit extended by the FRBNY to eligible borrowers through the Term Asset-Backed Securities Loan Facility.
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
May 12, 2010
Week ended
May 12, 2010		 Change from week ended
May 5, 2010 May 13, 2009
Marketable securities held in custody for foreign
    official and international accounts 1		 3,063,772 - 11,084 + 380,131 3,055,420
    U.S. Treasury securities 2,273,073 - 10,054 + 405,657 2,266,368
    Federal agency securities 2 790,699 - 1,030 - 25,526 789,052
Securities lent to dealers 3,232 - 2,081 - 34,789 4,068
    Overnight facility 3 3,232 - 2,081 - 2,239 4,068
        U.S. Treasury securities 2,051 - 1,938 - 3,420 2,929
        Federal agency debt securities 1,180 - 143 + 1,180 1,139
    Term facility 4 0 0 - 32,550 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, May 12, 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 0 0 ... ... ... ... 0
Other loans 1 5,546 33 0 71,056 0 ... 76,636
U.S. Treasury securities 2  
    Holdings 19,283 15,452 51,342 327,542 218,243 144,931 776,792
    Weekly changes - 3,520 + 3,520 + 5 + 9 + 11 + 19 + 43
Federal agency debt securities 3  
    Holdings 735 7,996 34,263 89,223 33,548 2,347 168,112
    Weekly changes 0 0 0 0 0 0 0
Mortgage-backed securities 4  
    Holdings 0 0 0 33 20 1,098,302 1,098,355
    Weekly changes 0 0 0 0 0 + 940 + 940
Commercial paper held by
    Commercial Paper Funding
    Facility LLC 5		 0 0 0 ... ... ... 0
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 9,205 0 0 0 0 0 9,205
   
Reverse repurchase agreements 7 56,647 0 ... ... ... ... 56,647
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
Account name Wednesday
May 12, 2010
Mortgage-backed securities held outright 1 1,098,355
 
Commitments to buy mortgage-backed securities 2 71,878
Commitments to sell mortgage-backed securities 2 8,860
 
Cash and cash equivalents 3 709
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
May 12, 2010
Net portfolio holdings of Maiden Lane LLC 1 28,262
 
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 2 483
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. 3 1,272
1. 
Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of March 31, 2010. 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
May 12, 2010
Net portfolio holdings of Maiden Lane II LLC 1 15,841
 
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York 2 14,532
Accrued interest payable to the Federal Reserve Bank of New York 2 335
Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc. 3 1,049
1. 
Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of March 31, 2010. 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
May 12, 2010
Net portfolio holdings of Maiden Lane III LLC 1 23,361
 
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York 2 16,206
Accrued interest payable to the Federal Reserve Bank of New York 2 419
Outstanding principal amount and accrued interest on loan payable to American International Group, Inc. 3 5,254
1. 
Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of March 31, 2010. 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
May 12, 2010
Commercial paper holdings, net 1 0
Other investments, net 2
Net portfolio holdings of Commercial Paper Funding Facility LLC 2
 
Memorandum: Commercial paper 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
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
May 12, 2010
Asset-backed securities holdings 1 0
Other investments, net 439
Net portfolio holdings of TALF LLC 439
 
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 3 104
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
May 12, 2010
Preferred interests in AIA Aurora LLC and ALICO Holdings LLC 1 25,416
Accrued dividends on preferred interests in AIA Aurora LLC and ALICO Holdings LLC 2 146
 
Preferred interests in AIA Aurora LLC 1 16,266
Accrued dividends on preferred interests in AIA Aurora LLC 2 94
 
Preferred interests in ALICO Holdings LLC 1 9,150
Accrued dividends on preferred interests in ALICO Holdings LLC 2 53
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
May 12, 2010		 Change since
Wednesday
May 5, 2010		 Wednesday
May 13, 2009
Assets  
    Gold certificate account   11,037 0 0
    Special drawing rights certificate account   5,200 0 + 3,000
    Coin   2,065 - 16 + 205
    Securities, repurchase agreements, term auction
        credit, and other loans		   2,119,894 - 131 + 477,418
        Securities held outright 1   2,043,258 + 982 + 961,667
            U.S. Treasury securities   776,792 + 43 + 199,701
                Bills 2   18,423 0 0
                Notes and bonds, nominal 2   712,023 0 + 199,253
                Notes and bonds, inflation-indexed 2   41,125 0 - 128
                Inflation compensation 3   5,220 + 43 + 575
            Federal agency debt securities 2   168,112 0 + 95,157
            Mortgage-backed securities 4   1,098,355 + 940 + 666,810
        Repurchase agreements 5   0 0 0
        Term auction credit   0 0 - 428,835
        Other loans   76,636 - 1,113 - 55,413
    Net portfolio holdings of Commercial Paper
        Funding Facility LLC 6		   2 0 - 163,207
    Net portfolio holdings of Maiden Lane LLC 7   28,262 + 1 + 2,569
    Net portfolio holdings of Maiden Lane II LLC 8   15,841 - 222 - 309
    Net portfolio holdings of Maiden Lane III LLC 9   23,361 - 304 + 3,056
    Net portfolio holdings of TALF LLC 10   439 0 + 439
    Preferred interests in AIA Aurora LLC and ALICO
        Holdings LLC 11		   25,416 0 + 25,416
    Items in process of collection (41) 160 - 65 - 200
    Bank premises   2,237 + 3 + 43
    Central bank liquidity swaps 12   9,205 + 9,205 - 237,633
    Other assets 13   96,428 + 1,463 + 30,914
 
Total assets (41) 2,339,547 + 9,933 + 141,712
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
May 12, 2010		 Change since
Wednesday
May 5, 2010		 Wednesday
May 13, 2009
Liabilities  
    Federal Reserve notes, net of F.R. Bank holdings   898,681 + 1,166 + 33,170
    Reverse repurchase agreements 14   56,647 + 3,164 - 14,247
    Deposits (0) 1,310,842 + 4,734 + 102,137
        Depository institutions   1,092,845 + 60,106 + 161,108
        U.S. Treasury, general account   16,293 - 53,647 - 40,874
        U.S. Treasury, supplementary financing account   199,958 0 + 25
        Foreign official   1,413 - 1,638 - 1,134
        Other (0) 333 - 88 - 16,989
    Deferred availability cash items (41) 2,372 - 341 - 979
    Other liabilities and accrued dividends 15   16,210 + 755 + 9,929
 
Total liabilities (41) 2,284,753 + 9,478 + 130,010
 
Capital accounts  
    Capital paid in   26,386 + 56 + 3,448
    Surplus   25,614 + 27 + 7,473
    Other capital accounts   2,794 + 372 + 781
 
Total capital   54,794 + 455 + 11,702
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, accrued dividends on the Federal Reserve Bank of New York's (FRBNY) preferred interests in AIA Aurora LLC and ALICO Holdings LLC, and the fair value adjustment to credit extended by the FRBNY to eligible borrowers through the Term Asset-Backed Securities Loan Facility.
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, May 12, 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 11,037 369 4,038 404 463 846 1,385 887 324 203 296 652 1,170
    Special drawing rights certificate acct. 5,200 196 1,818 210 237 412 654 424 150 90 153 282 574
    Coin 2,065 73 81 165 148 302 191 324 26 66 146 200 342
    Securities, repurchase agreements,
        term auction credit, and other
        loans		 2,119,894 51,712 910,264 47,734 69,421 232,714 193,363 154,047 52,631 27,988 70,095 85,800 224,125
        Securities held outright 1 2,043,258 51,708 833,758 47,716 69,421 232,705 193,349 154,034 52,631 27,972 70,092 85,797 224,076
            U.S. Treasury securities 776,792 19,658 316,972 18,140 26,392 88,468 73,506 58,559 20,009 10,634 26,647 32,618 85,188
                Bills 2 18,423 466 7,517 430 626 2,098 1,743 1,389 475 252 632 774 2,020
                Notes and bonds 3 758,369 19,192 309,455 17,710 25,766 86,370 71,763 57,171 19,534 10,382 26,015 31,844 83,167
            Federal agency debt securities 2 168,112 4,254 68,599 3,926 5,712 19,146 15,908 12,673 4,330 2,301 5,767 7,059 18,436
            Mortgage-backed securities 4 1,098,355 27,796 448,187 25,650 37,317 125,091 103,935 82,801 28,292 15,036 37,678 46,120 120,452
        Repurchase agreements 5 0 0 0 0 0 0 0 0 0 0 0 0 0
        Term auction credit 0 0 0 0 0 0 0 0 0 0 0 0 0
        Other loans 76,636 4 76,506 18 0 9 14 13 1 16 3 3 49
    Net portfolio holdings of Commercial
        Paper Funding Facility LLC 6		 2 0 2 0 0 0 0 0 0 0 0 0 0
    Net portfolio holdings of Maiden
        Lane LLC 7		 28,262 0 28,262 0 0 0 0 0 0 0 0 0 0
    Net portfolio holdings of Maiden
        Lane II LLC 8		 15,841 0 15,841 0 0 0 0 0 0 0 0 0 0
    Net portfolio holdings of Maiden
        Lane III LLC 9		 23,361 0 23,361 0 0 0 0 0 0 0 0 0 0
    Net portfolio holdings of TALF LLC 10 439 0 439 0 0 0 0 0 0 0 0 0 0
    Preferred interests in AIA Aurora LLC
        and ALICO Holdings LLC 11		 25,416 0 25,416 0 0 0 0 0 0 0 0 0 0
    Items in process of collection 200 9 0 19 49 8 19 12 2 22 16 22 23
    Bank premises 2,237 123 260 70 143 238 219 210 136 109 266 250 212
    Central bank liquidity swaps 12 9,205 339 2,672 1,006 686 2,563 568 222 86 256 75 127 606
    Other assets 13 96,428 2,722 36,789 4,299 4,221 14,855 8,292 5,974 2,109 1,673 2,672 3,369 9,452
    Interdistrict settlement account 0 - 9,830 + 74,679 + 21,761 - 13,457 + 79,047 - 47,654 - 42,904 - 15,502 + 22,554 - 21,435 - 14,797 - 32,462
 
Total assets 2,339,587 45,713 1,123,921 75,668 61,911 330,985 157,037 119,197 39,963 52,961 52,284 75,905 204,042
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, May 12, 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 1,075,123 34,753 389,749 38,791 44,330 84,124 135,632 86,815 32,158 20,064 29,357 65,472 113,879
        Less: Notes held by F.R. Banks 176,443 4,088 55,357 5,801 9,145 12,138 29,782 11,639 4,624 2,960 3,428 12,343 25,138
            Federal Reserve notes, net 898,681 30,665 334,392 32,989 35,185 71,985 105,850 75,176 27,534 17,105 25,929 53,129 88,741
    Reverse repurchase agreements 14 56,647 1,434 23,115 1,323 1,925 6,451 5,360 4,270 1,459 775 1,943 2,379 6,212
    Deposits 1,310,842 11,399 739,334 35,248 19,988 238,745 41,722 37,668 10,162 32,980 23,582 19,064 100,949
        Depository institutions 1,092,845 11,395 521,502 35,243 19,985 238,636 41,720 37,639 10,159 32,979 23,581 19,063 100,943
        U.S. Treasury, general account 16,293 0 16,293 0 0 0 0 0 0 0 0 0 0
        U.S. Treasury, supplementary
            financing account		 199,958 0 199,958 0 0 0 0 0 0 0 0 0 0
        Foreign official 1,413 1 1,385 4 3 11 2 1 0 1 0 1 3
        Other 333 3 196 0 1 99 0 28 2 0 1 0 3
    Deferred availability cash items 2,413 70 0 218 619 80 144 155 57 390 106 102 473
    Other liabilities and accrued
        dividends 15		 16,210 247 11,294 295 335 993 695 564 235 173 252 343 784
 
Total liabilities 2,284,793 43,815 1,108,135 70,072 58,052 318,255 153,772 117,835 39,446 51,424 51,812 75,017 197,159
 
Capital  
    Capital paid in 26,386 916 7,515 2,938 1,906 5,451 1,553 624 239 803 212 414 3,814
    Surplus 25,614 945 7,557 2,658 1,910 7,140 1,581 620 240 712 210 353 1,688
    Other capital 2,794 37 713 0 42 139 131 117 38 22 51 122 1,381
 
Total liabilities and capital 2,339,587 45,713 1,123,921 75,668 61,911 330,985 157,037 119,197 39,963 52,961 52,284 75,905 204,042
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, May 12, 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, accrued dividends on the Federal Reserve Bank of New York's (FRBNY) preferred interests in AIA Aurora LLC and ALICO Holdings LLC, and the fair value adjustment to credit extended by the FRBNY to eligible borrowers through the Term Asset-Backed Securities Loan Facility.
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
May 12, 2010
Federal Reserve notes outstanding 1,075,123
    Less: Notes held by F.R. Banks not subject to collateralization 176,443
        Federal Reserve notes to be collateralized 898,681
Collateral held against Federal Reserve notes 898,681
    Gold certificate account 11,037
    Special drawing rights certificate account 5,200
    U.S. Treasury, agency debt, and mortgage-backed securities pledged 1,2 882,444
    Other assets pledged 0
Memo:  
Total U.S. Treasury, agency debt, and mortgage-backed securities 1,2 2,043,258
    Less: Face value of securities under reverse repurchase agreements 55,970
        U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 1,987,288
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.

Release dates | Historical data | Data Download Program (DDP) | About | Announcements
Current release   Other formats: Screen reader | ASCII | PDF (21 KB)

Statistical releases

Home | Economic research and data
Accessibility | Contact Us
Last update: May 13, 2010