Federal Reserve Statistical Release, H.4.1, Factors Affecting Reserve Balances; title with eagle logo links to Statistical Release home page
Release Date:   August 19, 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

August 19, 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
Aug 18, 2010
Week ended
Aug 18, 2010		 Change from week ended
Aug 11, 2010 Aug 19, 2009
Reserve Bank credit 2,302,506 - 6,482 + 276,966 2,296,664
    Securities held outright 1 2,052,150 - 2,360 + 603,329 2,049,778
        U.S. Treasury securities 777,367 + 355 + 46,328 779,549
            Bills 2 18,423 0 0 18,423
            Notes and bonds, nominal 2 712,384 + 364 + 49,914 714,571
            Notes and bonds, inflation-indexed 2 41,129 0 - 3,459 41,129
            Inflation compensation 3 5,431 - 10 - 128 5,427
        Federal agency debt securities 2 157,625 - 1,756 + 46,857 157,211
        Mortgage-backed securities 4 1,117,158 - 959 + 510,144 1,113,017
    Repurchase agreements 5 0 0 0 0
    Term auction credit 0 0 - 221,081 0
    Other loans 61,909 - 465 - 45,235 61,921
        Primary credit 12 - 2 - 30,699 57
        Secondary credit 0 - 1 - 710 0
        Seasonal credit 82 + 3 - 36 89
        Asset-Backed Commercial Paper Money Market
            Mutual Fund Liquidity Facility		 0 0 - 113 0
        Credit extended to American International
            Group, Inc., net 6		 23,511 - 1 - 15,688 23,487
        Term Asset-Backed Securities Loan Facility 7 38,305 - 463 + 2,013 38,288
        Other credit extensions 0 0 0 0
    Net portfolio holdings of Commercial Paper
        Funding Facility LLC 8		 1 0 - 56,511 0
    Net portfolio holdings of Maiden Lane LLC 9 29,036 - 418 + 3,048 28,981
    Net portfolio holdings of Maiden Lane II LLC 10 15,962 + 4 + 1,140 15,967
    Net portfolio holdings of Maiden Lane III LLC 11 23,303 + 72 + 2,441 23,324
    Net portfolio holdings of TALF LLC 12 540 0 + 540 540
    Preferred interests in AIA Aurora LLC and ALICO
        Holdings LLC 13		 25,733 0 + 25,733 25,733
    Float -1,764 - 3 + 121 -1,807
    Central bank liquidity swaps 14 434 - 812 - 68,707 434
    Other Federal Reserve assets 15 95,203 - 2,500 + 32,149 91,793
Gold stock 11,041 0 0 11,041
Special drawing rights certificate account 5,200 0 + 3,000 5,200
Treasury currency outstanding 16 43,266 + 14 + 782 43,266
 
Total factors supplying reserve funds 2,362,013 - 6,468 + 280,748 2,356,171
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
Aug 18, 2010
Week ended
Aug 18, 2010		 Change from week ended
Aug 11, 2010 Aug 19, 2009
Currency in circulation 16 946,870 + 522 + 35,947 947,746
Reverse repurchase agreements 17 60,133 + 153 - 8,015 60,185
    Foreign official and international accounts 59,927 + 179 - 8,221 60,185
    Dealers 206 - 25 + 206 0
Treasury cash holdings 209 + 10 - 52 218
Deposits with F.R. Banks, other than reserve balances 241,284 - 2,113 - 3,541 237,259
    Term deposits held by depository institutions 2,119 0 + 2,119 2,119
    U.S. Treasury, general account 28,343 - 7,770 - 1,424 30,217
    U.S. Treasury, supplementary financing account 199,955 - 2 + 25 199,955
    Foreign official 1,883 - 199 - 1,472 2,095
    Service-related 2,459 + 2 - 2,155 2,459
        Required clearing balances 2,459 + 2 - 2,155 2,459
        Adjustments to compensate for float 0 0 0 0
    Other 6,526 + 5,857 - 633 413
Other liabilities and capital 18 72,187 - 1,214 + 13,289 71,455
 
Total factors, other than reserve balances,
    absorbing reserve funds		 1,320,683 - 2,642 + 37,629 1,316,864
 
Reserve balances with Federal Reserve Banks 1,041,330 - 3,826 + 243,119 1,039,307
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 outstanding principal and capitalized interest net of unamortized deferred commitment fees and allowance for loan restructuring. Excludes credit extended to consolidated LLCs.
7. 
Includes credit extended by the Federal Reserve Bank of New York to eligible borrowers through the Term Asset-Backed Securities Loan Facility.
8. 
Refer to table 7 and the note on consolidation accompanying table 11.
9. 
Refer to table 4 and the note on consolidation accompanying table 11.
10. 
Refer to table 5 and the note on consolidation accompanying table 11.
11. 
Refer to table 6 and the note on consolidation accompanying table 11.
12. 
Refer to table 8 and the note on consolidation accompanying table 11.
13. 
Refer to table 9.
14. 
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.
15. 
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.
16. 
Estimated.
17. 
Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.
18. 
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
Aug 18, 2010
Week ended
Aug 18, 2010		 Change from week ended
Aug 11, 2010 Aug 19, 2009
Marketable securities held in custody for foreign
    official and international accounts 1		 3,175,927 + 11,439 + 361,848 3,188,711
    U.S. Treasury securities 2,354,653 + 20,469 + 325,011 2,365,628
    Federal agency securities 2 821,274 - 9,030 + 36,838 823,083
Securities lent to dealers 4,517 + 925 - 9,545 6,223
    Overnight facility 3 4,517 + 925 - 9,160 6,223
        U.S. Treasury securities 3,103 + 744 - 10,371 4,784
        Federal agency debt securities 1,415 + 183 + 1,213 1,439
    Term facility 4 0 0 - 386 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 Securities, Loans, and Selected Other Assets and Liabilities, August 18, 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
Other loans 1 135 11 0 61,775 0 ... 61,921
U.S. Treasury securities 2  
    Holdings 14,806 15,077 53,294 341,460 216,083 138,830 779,549
    Weekly changes - 4,266 + 2,034 + 5 + 9,647 + 138 - 5,016 + 2,540
Federal agency debt securities 3  
    Holdings 709 7,508 38,334 75,567 32,746 2,347 157,211
    Weekly changes - 2,170 + 687 + 1,088 - 1,775 0 0 - 2,170
Mortgage-backed securities 4  
    Holdings 0 0 0 30 20 1,112,967 1,113,017
    Weekly changes 0 0 0 0 0 - 6,441 - 6,442
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 8 430 4 0 0 0 0 434
   
Reverse repurchase agreements 7 60,185 0 ... ... ... ... 60,185
Term deposits 0 2,119 0 ... ... ... 2,119
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
Aug 18, 2010
Mortgage-backed securities held outright 1 1,113,017
 
Commitments to buy mortgage-backed securities 2 6
Commitments to sell mortgage-backed securities 2 0
 
Cash and cash equivalents 3 145
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, dollar rolls, and coupon swaps.
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
Aug 18, 2010
Net portfolio holdings of Maiden Lane LLC 1 28,981
 
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York 2 28,281
Accrued interest payable to the Federal Reserve Bank of New York 2 541
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. 3 1,289
1. 
Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of June 30, 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
Aug 18, 2010
Net portfolio holdings of Maiden Lane II LLC 1 15,967
 
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York 2 13,873
Accrued interest payable to the Federal Reserve Bank of New York 2 387
Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc. 3 1,058
1. 
Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of June 30, 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
Aug 18, 2010
Net portfolio holdings of Maiden Lane III LLC 1 23,324
 
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York 2 15,107
Accrued interest payable to the Federal Reserve Bank of New York 2 477
Outstanding principal amount and accrued interest on loan payable to American International Group, Inc. 3 5,301
1. 
Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of June 30, 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
Aug 18, 2010
Commercial paper holdings, net 1 0
Other investments, net 0
Net portfolio holdings of Commercial Paper Funding Facility LLC 0
 
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
Aug 18, 2010
Asset-backed securities holdings 1 0
Other investments, net 540
Net portfolio holdings of TALF LLC 540
 
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 3 105
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 $4.3 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
Aug 18, 2010
Preferred interests in AIA Aurora LLC and ALICO Holdings LLC 1 25,733
Accrued dividends on preferred interests in AIA Aurora LLC and ALICO Holdings LLC 2 173
 
Preferred interests in AIA Aurora LLC 1 16,469
Accrued dividends on preferred interests in AIA Aurora LLC 2 111
 
Preferred interests in ALICO Holdings LLC 1 9,264
Accrued dividends on preferred interests in ALICO Holdings LLC 2 62
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
Aug 18, 2010		 Change since
Wednesday
Aug 11, 2010		 Wednesday
Aug 19, 2009
Assets  
    Gold certificate account   11,037 0 0
    Special drawing rights certificate account   5,200 0 + 3,000
    Coin   2,061 - 4 + 154
    Securities, repurchase agreements, term auction
        credit, and other loans		   2,111,698 - 6,376 + 326,921
        Securities held outright 1   2,049,778 - 6,070 + 592,373
            U.S. Treasury securities   779,549 + 2,540 + 43,463
                Bills 2   18,423 0 0
                Notes and bonds, nominal 2   714,571 + 2,551 + 47,090
                Notes and bonds, inflation-indexed 2   41,129 0 - 3,459
                Inflation compensation 3   5,427 - 10 - 168
            Federal agency debt securities 2   157,211 - 2,170 + 45,424
            Mortgage-backed securities 4   1,113,017 - 6,442 + 503,486
        Repurchase agreements 5   0 0 0
        Term auction credit   0 0 - 221,081
        Other loans   61,921 - 304 - 44,371
    Net portfolio holdings of Commercial Paper
        Funding Facility LLC 6		   0 - 1 - 53,742
    Net portfolio holdings of Maiden Lane LLC 7   28,981 - 488 + 2,999
    Net portfolio holdings of Maiden Lane II LLC 8   15,967 + 6 + 1,126
    Net portfolio holdings of Maiden Lane III LLC 9   23,324 + 25 + 2,449
    Net portfolio holdings of TALF LLC 10   540 0 + 540
    Preferred interests in AIA Aurora LLC and ALICO
        Holdings LLC 11		   25,733 0 + 25,733
    Items in process of collection (102) 271 + 55 - 100
    Bank premises   2,227 + 1 + 10
    Central bank liquidity swaps 12   434 - 812 - 68,707
    Other assets 13   89,595 - 6,271 + 12,897
 
Total assets (102) 2,317,069 - 13,863 + 253,280
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
Aug 18, 2010		 Change since
Wednesday
Aug 11, 2010		 Wednesday
Aug 19, 2009
Liabilities  
    Federal Reserve notes, net of F.R. Bank holdings   906,756 - 162 + 35,268
    Reverse repurchase agreements 14   60,185 + 1,637 - 8,184
    Deposits (0) 1,276,595 - 13,023 + 213,981
        Term deposits held by depository institutions   2,119 0 + 2,119
        Other deposits held by depository institutions   1,041,795 - 16,435 + 222,989
        U.S. Treasury, general account   30,217 + 3,285 - 10,077
        U.S. Treasury, supplementary financing account   199,955 - 2 + 25
        Foreign official   2,095 + 82 - 1,140
        Other (0) 413 + 46 + 64
    Deferred availability cash items (102) 2,078 - 159 - 460
    Other liabilities and accrued dividends 15   14,933 - 2,216 + 6,690
 
Total liabilities (102) 2,260,547 - 13,922 + 247,293
 
Capital accounts  
    Capital paid in   26,693 + 22 + 2,036
    Surplus   25,839 + 5 + 4,517
    Other capital accounts   3,989 + 31 - 566
 
Total capital   56,522 + 59 + 5,987
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, federal agency debt securities, and mortgage-backed 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, August 18, 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 2,061 64 69 163 150 303 195 318 30 58 149 217 346
    Securities, repurchase agreements,
        term auction credit, and other
        loans		 2,111,698 51,873 898,229 47,868 69,643 233,448 193,978 154,534 52,829 28,087 70,336 86,083 224,791
        Securities held outright 1 2,049,778 51,873 836,418 47,868 69,643 233,448 193,966 154,525 52,799 28,061 70,316 86,071 224,791
            U.S. Treasury securities 779,549 19,728 318,097 18,205 26,486 88,782 73,767 58,767 20,080 10,672 26,742 32,734 85,490
                Bills 2 18,423 466 7,517 430 626 2,098 1,743 1,389 475 252 632 774 2,020
                Notes and bonds 3 761,127 19,262 310,580 17,775 25,860 86,684 72,024 57,379 19,605 10,420 26,110 31,960 83,470
            Federal agency debt securities 2 157,211 3,978 64,150 3,671 5,341 17,905 14,877 11,852 4,049 2,152 5,393 6,601 17,241
            Mortgage-backed securities 4 1,113,017 28,167 454,170 25,992 37,816 126,761 105,322 83,906 28,669 15,237 38,181 46,736 122,060
        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 61,921 0 61,811 0 0 0 12 9 31 26 20 12 0
    Net portfolio holdings of Commercial
        Paper Funding Facility LLC 6		 0 0 0 0 0 0 0 0 0 0 0 0 0
    Net portfolio holdings of Maiden
        Lane LLC 7		 28,981 0 28,981 0 0 0 0 0 0 0 0 0 0
    Net portfolio holdings of Maiden
        Lane II LLC 8		 15,967 0 15,967 0 0 0 0 0 0 0 0 0 0
    Net portfolio holdings of Maiden
        Lane III LLC 9		 23,324 0 23,324 0 0 0 0 0 0 0 0 0 0
    Net portfolio holdings of TALF LLC 10 540 0 540 0 0 0 0 0 0 0 0 0 0
    Preferred interests in AIA Aurora LLC
        and ALICO Holdings LLC 11		 25,733 0 25,733 0 0 0 0 0 0 0 0 0 0
    Items in process of collection 373 15 0 28 92 9 44 52 18 18 17 34 47
    Bank premises 2,227 123 256 69 143 238 218 210 135 108 266 248 212
    Central bank liquidity swaps 12 434 16 126 47 32 121 27 10 4 12 4 6 29
    Other assets 13 89,595 2,569 33,830 4,245 4,044 14,291 7,585 5,399 1,915 1,600 2,408 3,051 8,659
    Interdistrict settlement account 0 + 1,148 + 118,879 + 24,547 - 15,279 + 3,378 - 45,134 - 38,037 - 14,098 + 10,205 - 18,800 - 873 - 25,937
 
Total assets 2,317,171 56,374 1,151,790 77,581 59,526 253,044 158,952 123,798 41,307 40,382 54,827 89,699 209,891
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, August 18, 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 1,141,745 40,829 390,467 45,959 46,734 91,118 145,468 88,746 33,616 20,575 34,065 77,453 126,715
        Less: Notes held by F.R. Banks 234,989 4,262 102,846 5,351 9,922 14,843 31,292 13,246 4,653 5,436 3,441 12,495 27,202
            Federal Reserve notes, net 906,756 36,567 287,620 40,608 36,812 76,275 114,175 75,500 28,963 15,139 30,625 64,958 99,513
    Reverse repurchase agreements 14 60,185 1,523 24,559 1,405 2,045 6,854 5,695 4,537 1,550 824 2,065 2,527 6,600
    Deposits 1,276,595 16,131 812,501 29,524 15,995 156,376 35,165 41,760 10,049 22,323 21,373 21,000 94,398
        Term deposits held by depository
            institutions		 2,119 27 886 0 15 96 161 506 0 6 34 62 327
        Other deposits held by depository
            institutions		 1,041,795 16,091 579,146 29,520 15,976 156,171 35,002 41,189 10,047 22,315 21,338 20,937 94,063
        U.S. Treasury, general account 30,217 0 30,217 0 0 0 0 0 0 0 0 0 0
        U.S. Treasury, supplementary
            financing account		 199,955 0 199,955 0 0 0 0 0 0 0 0 0 0
        Foreign official 2,095 1 2,067 4 3 11 2 1 0 1 0 1 3
        Other 413 12 229 0 1 97 0 65 1 0 1 0 6
    Deferred availability cash items 2,180 65 0 190 540 92 126 179 63 330 102 91 400
    Other liabilities and accrued
        dividends 15		 14,933 196 11,203 217 254 728 533 439 192 138 197 273 563
 
Total liabilities 2,260,649 54,482 1,135,883 71,945 55,646 240,324 155,695 122,416 40,817 38,754 54,362 88,850 201,475
 
Capital  
    Capital paid in 26,693 916 7,653 2,807 1,919 5,440 1,551 641 216 806 211 397 4,137
    Surplus 25,839 945 7,636 2,803 1,911 7,141 1,581 621 239 712 210 353 1,688
    Other capital 3,989 30 618 26 51 139 125 121 35 110 45 99 2,591
 
Total liabilities and capital 2,317,171 56,374 1,151,790 77,581 59,526 253,044 158,952 123,798 41,307 40,382 54,827 89,699 209,891
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, August 18, 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, federal agency debt securities, and mortgage-backed 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
Aug 18, 2010
Federal Reserve notes outstanding 1,141,745
    Less: Notes held by F.R. Banks not subject to collateralization 234,989
        Federal Reserve notes to be collateralized 906,756
Collateral held against Federal Reserve notes 906,756
    Gold certificate account 11,037
    Special drawing rights certificate account 5,200
    U.S. Treasury, agency debt, and mortgage-backed securities pledged 1,2 890,519
    Other assets pledged 0
Memo:  
Total U.S. Treasury, agency debt, and mortgage-backed securities 1,2 2,049,778
    Less: Face value of securities under reverse repurchase agreements 58,657
        U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 1,991,120
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: August 19, 2010