Federal Reserve Statistical Release, H.4.1, Factors Affecting Reserve Balances; title with eagle logo links to Statistical Release home page
Release Date:   January 13, 2011
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

FEDERAL RESERVE statistical release

H.4.1

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

January 13, 2011
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
Jan 12, 2011
Week ended
Jan 12, 2011		 Change from week ended
Jan 5, 2011 Jan 13, 2010
Reserve Bank credit 2,432,403 + 21,587 + 206,684 2,450,648
    Securities held outright 1 2,183,358 + 19,795 + 327,044 2,200,533
        U.S. Treasury securities 1,044,725 + 20,763 + 268,125 1,062,061
            Bills 2 18,423 0 0 18,423
            Notes and bonds, nominal 2 970,291 + 19,301 + 262,642 987,625
            Notes and bonds, inflation-indexed 2 49,743 + 1,387 + 5,100 49,743
            Inflation compensation 3 6,269 + 75 + 383 6,271
        Federal agency debt securities 2 146,492 - 968 - 14,201 146,331
        Mortgage-backed securities 4 992,141 0 + 73,120 992,141
    Repurchase agreements 5 0 0 0 0
    Term auction credit 0 0 - 75,918 0
    Other loans 44,443 - 264 - 43,552 43,959
        Primary credit 23 - 77 - 17,477 87
        Secondary credit 0 0 - 966 0
        Seasonal credit 10 - 6 + 9 10
        Credit extended to American International
            Group, Inc., net 6		 19,925 + 6 - 2,285 19,675
        Term Asset-Backed Securities Loan Facility 7 24,486 - 187 - 22,833 24,187
        Other credit extensions 0 0 0 0
    Net portfolio holdings of Commercial Paper
        Funding Facility LLC 8		 0 0 - 14,081 0
    Net portfolio holdings of Maiden Lane LLC 9 27,009 + 35 + 272 27,006
    Net portfolio holdings of Maiden Lane II LLC 10 15,943 - 182 + 540 15,946
    Net portfolio holdings of Maiden Lane III LLC 11 23,213 + 61 + 863 23,279
    Net portfolio holdings of TALF LLC 12 665 0 + 367 665
    Preferred interests in AIA Aurora LLC and ALICO
        Holdings LLC 13		 26,385 + 47 + 1,279 26,385
    Float -1,695 + 1 + 348 -1,677
    Central bank liquidity swaps 14 70 - 5 - 8,126 70
    Other Federal Reserve assets 15 113,012 + 2,099 + 17,647 114,480
Gold stock 11,041 0 0 11,041
Special drawing rights certificate account 5,200 0 0 5,200
Treasury currency outstanding 16 43,577 + 14 + 851 43,577
 
Total factors supplying reserve funds 2,492,221 + 21,601 + 207,535 2,510,466
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
Jan 12, 2011
Week ended
Jan 12, 2011		 Change from week ended
Jan 5, 2011 Jan 13, 2010
Currency in circulation 16 978,237 - 4,501 + 57,771 978,135
Reverse repurchase agreements 17 53,554 - 5,862 - 9,236 53,271
    Foreign official and international accounts 53,554 - 5,862 - 9,236 53,271
    Others 0 0 0 0
Treasury cash holdings 182 + 5 - 71 194
Deposits with F.R. Banks, other than reserve balances 297,410 - 29,797 + 122,498 286,450
    Term deposits held by depository institutions 0 0 0 0
    U.S. Treasury, general account 89,107 - 26,279 - 47,275 75,569
    U.S. Treasury, supplementary financing account 199,963 - 1 + 194,962 199,963
    Foreign official 3,762 + 384 + 651 3,748
    Service-related 2,378 0 - 642 2,378
        Required clearing balances 2,378 0 - 642 2,378
        Adjustments to compensate for float 0 0 0 0
    Other 2,201 - 3,901 - 25,196 4,793
Funds from American International Group, Inc. asset
    dispositions, held as agent 18		 26,896 0 + 26,896 26,896
Other liabilities and capital 19 69,856 - 2,574 + 2,839 70,019
 
Total factors, other than reserve balances,
    absorbing reserve funds		 1,426,135 - 42,729 + 200,697 1,414,965
 
Reserve balances with Federal Reserve Banks 1,066,086 + 64,330 + 6,838 1,095,500
Note: Components may not sum to totals because of rounding.


1. 
Includes securities lent to dealers under the overnight securities lending facility; 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. 
Includes the book value of the commercial paper, net of amortized costs and related fees, and other investments held by the Commercial Paper Funding Facility LLC.
9. 
Refer to table 4 and the note on consolidation accompanying table 10.
10. 
Refer to table 5 and the note on consolidation accompanying table 10.
11. 
Refer to table 6 and the note on consolidation accompanying table 10.
12. 
Refer to table 7 and the note on consolidation accompanying table 10.
13. 
Refer to table 8.
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. 
Pending the closing of the recapitalization plan announced by American International Group, Inc. (AIG) on September 30, 2010, the cash proceeds from the disposition of certain AIG assets will be held by the FRBNY as agent. At the closing of the recapitalization plan, the proceeds will be used first to repay in full the credit extended to AIG by the FRBNY under the revolving credit facility and then to retire a portion of the FRBNY's preferred interests in AIA Aurora LLC and ALICO Holdings LLC (preferred interests). Alternatively, if the recapitalization plan is terminated under the terms of the plan, then the proceeds from the initial public offering of AIA and the sale of ALICO will be used to redeem the preferred interests in accordance with the AIA Aurora LLC and ALICO Holdings LLC limited liability company agreements, and any excess proceeds from these transactions, as well as proceeds from the disposition of other assets, will be used to repay the credit extended to AIG under the revolving credit facility.
19. 
Includes the liabilities of 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 7 and the note on consolidation accompanying table 10. Also includes the liability for interest on Federal Reserve notes due to U.S. Treasury. Refer to table 9 and table 10.

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
Jan 12, 2011
Week ended
Jan 12, 2011		 Change from week ended
Jan 5, 2011 Jan 13, 2010
Marketable securities held in custody for foreign
    official and international accounts 1		 3,350,473 + 6,216 + 399,716 3,345,858
    U.S. Treasury securities 2,616,142 + 5,855 + 432,365 2,611,389
    Federal agency securities 2 734,331 + 362 - 32,650 734,469
Securities lent to dealers 12,726 - 6,733 + 3,032 11,880
    Overnight facility 3 12,726 - 6,733 + 3,032 11,880
        U.S. Treasury securities 11,433 - 6,555 + 2,251 10,732
        Federal agency debt securities 1,293 - 178 + 781 1,148
Note: Components may not sum to totals because of rounding.


1. 
Face value of the securities. Includes U.S. Treasury STRIPS and other zero-coupon bonds at face value and mortgage-backed securities at original face value.
2. 
Includes debt and mortgage-backed securities.
3. 
Fully collateralized by U.S. Treasury securities.

2. Maturity Distribution of Securities, Loans, and Selected Other Assets and Liabilities, January 12, 2011
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 87 10 0 43,862 0 ... 43,959
U.S. Treasury securities 2  
    Holdings 17,451 17,168 54,254 452,608 359,108 161,472 1,062,061
    Weekly changes + 3,867 - 3,867 0 + 13,012 + 16,562 + 1,502 + 31,076
Federal agency debt securities 3  
    Holdings 1,707 13,736 28,645 69,299 30,597 2,347 146,331
    Weekly changes + 132 + 346 + 144 - 1,751 0 0 - 1,129
Mortgage-backed securities 4  
    Holdings 0 0 0 24 22 992,095 992,141
    Weekly changes 0 0 0 0 0 0 0
Asset-backed securities held by
    TALF LLC 5		 0 0 0 0 0 0 0
Repurchase agreements 6 0 0 ... ... ... ... 0
Central bank liquidity swaps 7 70 0 0 0 0 0 70
   
Reverse repurchase agreements 6 53,271 0 ... ... ... ... 53,271
Term deposits 0 0 0 ... ... ... 0
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 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 asset-backed securities held by TALF LLC, which is the remaining principal balance of the underlying assets.
6. 
Cash value of agreements.
7. 
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
Jan 12, 2011
Mortgage-backed securities held outright 1 992,141
 
Commitments to buy mortgage-backed securities 2 0
Commitments to sell mortgage-backed securities 2 0
 
Cash and cash equivalents 3 0
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 9 and table 10.

4. Information on Principal Accounts of Maiden Lane LLC
Millions of dollars
Account name Wednesday
Jan 12, 2011
Net portfolio holdings of Maiden Lane LLC 1 27,006
 
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York 2 25,228
Accrued interest payable to the Federal Reserve Bank of New York 2 624
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. 3 1,317
1. 
Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of September 30, 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 10.
3. 
Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 9 and table 10.

Note: On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended credit to Maiden Lane LLC under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to acquire certain assets of Bear Stearns and to manage those assets through time to maximize repayment of the credit extended and to minimize disruption to financial markets. Payments by Maiden Lane LLC from the proceeds of the net portfolio holdings will be made in the following order: operating expenses of the LLC, principal due to the FRBNY, interest due to the FRBNY, principal due to JPMorgan Chase & Co., and interest due to JPMorgan Chase & Co. Any remaining funds will be paid to the FRBNY.


5. Information on Principal Accounts of Maiden Lane II LLC
Millions of dollars
Account name Wednesday
Jan 12, 2011
Net portfolio holdings of Maiden Lane II LLC 1 15,946
 
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York 2 12,777
Accrued interest payable to the Federal Reserve Bank of New York 2 457
Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc. 3 1,072
1. 
Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of September 30, 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 10.
3. 
Book value. The deferred payment represents the portion of the proceeds of the net portfolio holdings due to subsidiaries of American International Group, Inc. in accordance with the asset purchase agreement. The fair value of this payment and accrued interest payable are included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 9 and table 10.

Note: On December 12, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden Lane II LLC under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to purchase residential mortgage-backed securities from the U.S. securities lending reinvestment portfolio of subsidiaries of American International Group, Inc. (AIG subsidiaries). Payments by Maiden Lane II LLC from the proceeds of the net portfolio holdings will be made in the following order: operating expenses of Maiden Lane II LLC, principal due to the FRBNY, interest due to the FRBNY, and deferred payment and interest due to AIG subsidiaries. Any remaining funds will be shared by the FRBNY and AIG subsidiaries.


6. Information on Principal Accounts of Maiden Lane III LLC
Millions of dollars
Account name Wednesday
Jan 12, 2011
Net portfolio holdings of Maiden Lane III LLC 1 23,279
 
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York 2 13,526
Accrued interest payable to the Federal Reserve Bank of New York 2 551
Outstanding principal amount and accrued interest on loan payable to American International Group, Inc. 3 5,371
1. 
Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of September 30, 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 10.
3. 
Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 9 and table 10.

Note: On November 25, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden Lane III LLC under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to purchase multi-sector collateralized debt obligations (CDOs) on which the Financial Products group of American International Group, Inc. (AIG) has written credit default swap (CDS) contracts. In connection with the purchase of CDOs, the CDS counterparties will concurrently unwind the related CDS transactions. Payments by Maiden Lane III LLC from the proceeds of the net portfolio holdings will be made in the following order: operating expenses of Maiden Lane III LLC, principal due to the FRBNY, interest due to the FRBNY, principal due to AIG, and interest due to AIG. Any remaining funds will be shared by the FRBNY and AIG.


7. Information on Principal Accounts of TALF LLC
Millions of dollars
Account name Wednesday
Jan 12, 2011
Asset-backed securities holdings 1 0
Other investments, net 665
Net portfolio holdings of TALF LLC 665
 
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 3 106
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 10.
3. 
Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 9 and table 10.

Note: On November 25, 2008, the Federal Reserve 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.


8. 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
Jan 12, 2011
Preferred interests in AIA Aurora LLC and ALICO Holdings LLC 1 26,385
Accrued dividends on preferred interests in AIA Aurora LLC and ALICO Holdings LLC 2 43
 
Preferred interests in AIA Aurora LLC 1 16,887
Accrued dividends on preferred interests in AIA Aurora LLC 2 28
 
Preferred interests in ALICO Holdings LLC 1 9,499
Accrued dividends on preferred interests in ALICO Holdings LLC 2 16
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 9 and table 10.

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.


9. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of dollars
Assets, liabilities, and capital Eliminations from
consolidation		 Wednesday
Jan 12, 2011		 Change since
Wednesday
Jan 5, 2011		 Wednesday
Jan 13, 2010
Assets  
    Gold certificate account   11,037 0 0
    Special drawing rights certificate account   5,200 0 0
    Coin   2,214 + 23 + 116
    Securities, repurchase agreements, term auction
        credit, and other loans		   2,244,493 + 29,292 + 176,794
        Securities held outright 1   2,200,533 + 29,947 + 294,511
            U.S. Treasury securities   1,062,061 + 31,076 + 285,458
                Bills 2   18,423 0 0
                Notes and bonds, nominal 2   987,625 + 31,071 + 279,976
                Notes and bonds, inflation-indexed 2   49,743 0 + 5,100
                Inflation compensation 3   6,271 + 6 + 382
            Federal agency debt securities 2   146,331 - 1,129 - 14,498
            Mortgage-backed securities 4   992,141 0 + 23,551
        Repurchase agreements 5   0 0 0
        Term auction credit   0 0 - 75,918
        Other loans   43,959 - 656 - 41,801
    Net portfolio holdings of Commercial Paper
        Funding Facility LLC 6		   0 0 - 14,092
    Net portfolio holdings of Maiden Lane LLC 7   27,006 - 3 + 264
    Net portfolio holdings of Maiden Lane II LLC 8   15,946 + 4 + 542
    Net portfolio holdings of Maiden Lane III LLC 9   23,279 + 77 + 878
    Net portfolio holdings of TALF LLC 10   665 0 + 367
    Preferred interests in AIA Aurora LLC and ALICO
        Holdings LLC 11		   26,385 0 + 1,279
    Items in process of collection (99) 421 + 141 + 93
    Bank premises   2,220 + 1 - 22
    Central bank liquidity swaps 12   70 - 5 - 5,825
    Other assets 13   112,224 + 2,658 + 15,824
 
Total assets (99) 2,471,159 + 32,187 + 176,217
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.


9. Consolidated Statement of Condition of All Federal Reserve Banks (continued)
Millions of dollars
Assets, liabilities, and capital Eliminations from
consolidation		 Wednesday
Jan 12, 2011		 Change since
Wednesday
Jan 5, 2011		 Wednesday
Jan 13, 2010
Liabilities  
    Federal Reserve notes, net of F.R. Bank holdings   936,962 - 3,343 + 57,742
    Reverse repurchase agreements 14   53,271 - 4,284 - 11,095
    Deposits (1) 1,381,913 + 39,252 + 105,680
        Term deposits held by depository institutions   0 0 0
        Other deposits held by depository institutions   1,097,841 + 64,672 - 37,404
        U.S. Treasury, general account   75,569 - 30,144 - 48,606
        U.S. Treasury, supplementary financing account   199,963 - 1 + 194,962
        Foreign official   3,748 + 318 + 864
        Other (1) 4,793 + 4,408 - 4,134
    Deferred availability cash items (98) 2,098 - 386 - 781
    Other liabilities and accrued dividends 15   43,862 + 944 + 23,942
 
Total liabilities (99) 2,418,106 + 32,182 + 175,488
 
Capital accounts  
    Capital paid in   26,526 + 2 + 874
    Surplus   26,526 + 2 + 1,230
    Other capital accounts   0 0 - 1,375
 
Total capital   53,053 + 5 + 729
Note: Components may not sum to totals because of rounding.


1. 
Includes securities lent to dealers under the overnight securities lending facility; 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. 
Includes the book value of the commercial paper, net of amortized costs and related fees, and other investments held by the Commercial Paper Funding Facility LLC.
7. 
Refer to table 4 and the note on consolidation accompanying table 10.
8. 
Refer to table 5 and the note on consolidation accompanying table 10.
9. 
Refer to table 6 and the note on consolidation accompanying table 10.
10. 
Refer to table 7 and the note on consolidation accompanying table 10.
11. 
Refer to table 8.
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 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 7 and the note on consolidation accompanying table 10. Also includes funds from American International Group, Inc. asset dispositions, held as agent. Also includes the liability for interest on Federal Reserve notes due to U.S. Treasury. Refer to table 10.


10. Statement of Condition of Each Federal Reserve Bank, January 12, 2011
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 2,214 47 71 176 167 358 189 342 36 61 162 243 362
    Securities, repurchase agreements,
        term auction credit, and other
        loans		 2,244,493 55,706 941,796 51,389 74,765 250,661 208,231 165,909 56,682 30,125 75,497 92,407 241,324
        Securities held outright 1 2,200,533 55,688 897,934 51,389 74,765 250,617 208,231 165,890 56,682 30,125 75,487 92,401 241,324
            U.S. Treasury securities 1,062,061 26,877 433,377 24,802 36,084 120,957 100,500 80,065 27,357 14,539 36,433 44,596 116,472
                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 1,043,638 26,411 425,860 24,372 35,458 118,859 98,757 78,676 26,882 14,287 35,801 43,823 114,452
            Federal agency debt securities 2 146,331 3,703 59,711 3,417 4,972 16,666 13,847 11,031 3,769 2,003 5,020 6,145 16,048
            Mortgage-backed securities 4 992,141 25,108 404,846 23,169 33,709 112,994 93,884 74,794 25,556 13,582 34,034 41,660 108,804
        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 43,959 18 43,862 0 0 44 0 19 0 0 10 6 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		 27,006 0 27,006 0 0 0 0 0 0 0 0 0 0
    Net portfolio holdings of Maiden
        Lane II LLC 8		 15,946 0 15,946 0 0 0 0 0 0 0 0 0 0
    Net portfolio holdings of Maiden
        Lane III LLC 9		 23,279 0 23,279 0 0 0 0 0 0 0 0 0 0
    Net portfolio holdings of TALF LLC 10 665 0 665 0 0 0 0 0 0 0 0 0 0
    Preferred interests in AIA Aurora LLC
        and ALICO Holdings LLC 11		 26,385 0 26,385 0 0 0 0 0 0 0 0 0 0
    Items in process of collection 520 6 0 62 69 10 136 42 10 32 61 52 40
    Bank premises 2,220 127 256 68 140 239 218 208 136 107 265 245 213
    Central bank liquidity swaps 12 70 3 20 8 5 19 4 2 1 2 1 1 5
    Other assets 13 112,224 3,160 42,745 4,823 4,847 17,003 9,778 7,119 2,491 1,925 3,184 4,004 11,145
    Interdistrict settlement account 0 - 8,253 + 230,805 + 12,776 - 18,921 - 30,764 - 53,251 - 33,815 - 18,533 - 7,649 - 17,663 - 5,975 - 48,756
 
Total assets 2,471,258 51,359 1,314,831 69,915 61,772 238,783 167,345 141,119 41,297 24,895 61,956 91,911 206,075
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.


10. Statement of Condition of Each Federal Reserve Bank, January 12, 2011 (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 1,119,972 41,138 382,824 45,611 46,019 90,368 140,574 86,384 32,407 19,912 33,164 75,770 125,802
        Less: Notes held by F.R. Banks 183,010 4,976 63,693 5,047 8,232 13,399 20,659 12,718 4,522 5,800 3,862 12,252 27,850
            Federal Reserve notes, net 936,962 36,161 319,131 40,564 37,787 76,969 119,915 73,666 27,885 14,111 29,302 63,518 97,953
    Reverse repurchase agreements 14 53,271 1,348 21,737 1,244 1,810 6,067 5,041 4,016 1,372 729 1,827 2,237 5,842
    Deposits 1,381,914 11,730 918,762 22,523 17,588 144,059 38,631 61,434 11,333 7,791 29,984 24,975 93,103
        Term deposits held by depository
            institutions		 0 0 0 0 0 0 0 0 0 0 0 0 0
        Other deposits held by depository
            institutions		 1,097,841 11,727 634,869 22,518 17,584 144,010 38,628 61,407 11,277 7,786 29,983 24,975 93,078
        U.S. Treasury, general account 75,569 0 75,569 0 0 0 0 0 0 0 0 0 0
        U.S. Treasury, supplementary
            financing account		 199,963 0 199,963 0 0 0 0 0 0 0 0 0 0
        Foreign official 3,748 1 3,719 4 3 11 2 1 0 1 0 1 3
        Other 4,794 2 4,642 1 1 38 1 27 56 3 1 0 23
    Deferred availability cash items 2,196 76 0 278 387 81 100 146 59 486 104 92 387
    Interest on Federal Reserve notes due
        to U.S. Treasury 15		 1,204 31 574 -22 33 84 122 99 36 14 42 52 139
    Other liabilities and accrued
        dividends 16		 42,658 180 39,260 190 231 645 497 412 181 125 182 264 491
 
Total liabilities 2,418,205 49,527 1,299,465 64,776 57,837 227,905 164,305 139,774 40,867 23,256 61,441 91,138 197,915
 
Capital  
    Capital paid in 26,526 916 7,683 2,570 1,968 5,439 1,520 673 215 819 257 387 4,080
    Surplus 26,526 916 7,683 2,570 1,968 5,439 1,520 673 215 819 257 387 4,080
    Other capital 0 0 0 0 0 0 0 0 0 0 0 0 0
 
Total liabilities and capital 2,471,258 51,359 1,314,831 69,915 61,772 238,783 167,345 141,119 41,297 24,895 61,956 91,911 206,075
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.


10. Statement of Condition of Each Federal Reserve Bank, January 12, 2011 (continued)

1. 
Includes securities lent to dealers under the overnight securities lending facility; 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. 
Includes the book value of the commercial paper, net of amortized costs and related fees, and other investments held by the Commercial Paper Funding Facility LLC.
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 7 and the note on consolidation below.
11. 
Refer to table 8.
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. 
Represents the estimated weekly remittances to U.S Treasury as interest on Federal Reserve notes or, in those cases where the Reserve Bank's net earnings are not sufficient to equate surplus to capital paid-in, the deferred asset for interest on Federal Reserve notes. The amount of any deferred asset, which is presented as a negative amount in this line, represents the amount of the Federal Reserve Bank's earnings that must be retained before remittances to the U.S. Treasury resume. The amounts on this line are calculated in accordance with Board of Governors policy, which requires the Federal Reserve Banks to remit residual earnings to the U.S. Treasury as interest on Federal Reserve notes after providing for the costs of operations, payment of dividends, and the amount necessary to equate surplus with capital paid-in.
16. 
Includes the liabilities of 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 7 and the note on consolidation below. Also includes funds from American International Group, Inc. asset dispositions, held as agent.


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 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 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 9), and the liabilities of the LLCs to entities other than the FRBNY, including those with recourse only to the portfolio holdings of the LLCs, are included in other liabilities in this table (and table 1 and table 9).


11. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts
Millions of dollars
Federal Reserve notes and collateral Wednesday
Jan 12, 2011
Federal Reserve notes outstanding 1,119,972
    Less: Notes held by F.R. Banks not subject to collateralization 183,010
        Federal Reserve notes to be collateralized 936,962
Collateral held against Federal Reserve notes 936,962
    Gold certificate account 11,037
    Special drawing rights certificate account 5,200
    U.S. Treasury, agency debt, and mortgage-backed securities pledged 1,2 920,725
    Other assets pledged 0
Memo:  
Total U.S. Treasury, agency debt, and mortgage-backed securities 1,2 2,200,533
    Less: Face value of securities under reverse repurchase agreements 44,064
        U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 2,156,469
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 securities lending facility; 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: January 13, 2011