Federal Reserve Statistical Release, H.4.1, Factors Affecting Reserve Balances; title with eagle logo links to Statistical Release home page
Release Date:   May 5, 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

May 5, 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
May 4, 2011
Week ended
May 4, 2011		 Change from week ended
Apr 27, 2011 May 5, 2010
Reserve Bank credit 2,686,943 + 15,173 + 375,182 2,702,884
    Securities held outright 1 2,477,413 + 12,484 + 435,163 2,493,995
        U.S. Treasury securities 1,425,274 + 18,720 + 648,546 1,441,855
            Bills 2 18,423 0 0 18,423
            Notes and bonds, nominal 2 1,341,791 + 18,636 + 629,734 1,358,315
            Notes and bonds, inflation-indexed 2 58,065 0 + 16,973 58,065
            Inflation compensation 3 6,995 + 83 + 1,838 7,053
        Federal agency debt securities 2 125,118 - 2,692 - 43,107 125,118
        Mortgage-backed securities 4 927,021 - 3,544 - 170,276 927,021
    Repurchase agreements 5 0 0 0 0
    Loans 16,608 - 599 - 61,490 16,277
        Primary credit 11 + 2 - 5,336 12
        Secondary credit 1 + 1 - 499 0
        Seasonal credit 12 0 - 21 14
        Credit extended to American International
            Group, Inc., net 6		 0 0 - 27,062 0
        Term Asset-Backed Securities Loan Facility 7 16,584 - 602 - 28,572 16,252
        Other credit extensions 0 0 0 0
    Net portfolio holdings of Commercial Paper
        Funding Facility LLC 8		 0 0 - 2,796 0
    Net portfolio holdings of Maiden Lane LLC 9 24,771 + 395 - 3,460 24,796
    Net portfolio holdings of Maiden Lane II LLC 10 16,088 + 120 + 27 14,970
    Net portfolio holdings of Maiden Lane III LLC 11 24,573 + 1,316 + 968 24,611
    Net portfolio holdings of TALF LLC 12 733 0 + 294 733
    Preferred interests in AIA Aurora LLC and ALICO
        Holdings LLC 6		 0 0 - 25,416 0
    Float -1,084 - 122 + 851 -1,241
    Central bank liquidity swaps 13 0 0 0 0
    Other Federal Reserve assets 14 127,841 + 1,580 + 31,040 128,742
Gold stock 11,041 0 0 11,041
Special drawing rights certificate account 5,200 0 0 5,200
Treasury currency outstanding 15 43,864 + 14 + 808 43,864
 
Total factors supplying reserve funds 2,747,048 + 15,187 + 375,990 2,762,989
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 4, 2011
Week ended
May 4, 2011		 Change from week ended
Apr 27, 2011 May 5, 2010
Currency in circulation 15 1,014,599 + 3,356 + 78,333 1,017,258
Reverse repurchase agreements 16 59,078 + 2,267 + 1,448 56,973
    Foreign official and international accounts 59,078 + 2,267 + 1,448 56,973
    Others 0 0 0 0
Treasury cash holdings 161 - 27 - 39 151
Deposits with F.R. Banks, other than reserve balances 129,937 + 11,482 - 153,944 141,941
    Term deposits held by depository institutions 5,081 0 + 5,081 5,081
    U.S. Treasury, general account 115,026 + 10,874 + 38,359 125,397
    U.S. Treasury, supplementary financing account 5,000 0 - 194,958 5,000
    Foreign official 132 - 5 - 3,852 128
    Service-related 2,545 - 1 - 117 2,545
        Required clearing balances 2,545 - 1 - 117 2,545
        Adjustments to compensate for float 0 0 0 0
    Other 2,153 + 614 + 1,543 3,791
Funds from American International Group, Inc. asset
    dispositions, held as agent 6		 0 0 0 0
Other liabilities and capital 17 75,875 + 2,147 + 4,375 73,663
 
Total factors, other than reserve balances,
    absorbing reserve funds		 1,279,650 + 19,226 - 69,826 1,289,986
 
Reserve balances with Federal Reserve Banks 1,467,397 - 4,040 + 445,816 1,473,003
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. 
As a result of the closing of the American International Group, Inc. (AIG) recapitalization plan on January 14, 2011, the credit extended to AIG was fully repaid and the Federal Reserve's commitment to lend any further funds was terminated. In addition, the Federal Reserve Bank of New York (FRBNY) has been paid in full for its preferred interests in AIA Aurora LLC and ALICO Holdings LLC. The funds from AIG asset dispositions that FRBNY held as agent were the source of repayment of the credit extended to AIG, as well as a portion of the FRBNY's preferred interests in ALICO Holdings LLC. The remaining FRBNY preferred interests in ALICO Holdings LLC and AIA Aurora LLC, valued at approximately $20 billion, were purchased by AIG through a draw on the Treasury's Series F preferred stock commitment and then transferred by AIG to the Treasury as consideration for the draw on the available Series F funds.
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 9.
10. 
Refer to table 5 and the note on consolidation accompanying table 9.
11. 
Refer to table 6 and the note on consolidation accompanying table 9.
12. 
Refer to table 7 and the note on consolidation accompanying table 9.
13. 
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.
14. 
Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates, and the fair value adjustment to credit extended by the FRBNY to eligible borrowers through the Term Asset-Backed Securities Loan Facility. Before the closing of the AIG recapitalization plan on January 14, 2011, included accrued dividends on the FRBNY's preferred interests in AIA Aurora LLC and ALICO Holdings LLC.
15. 
Estimated.
16. 
Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.
17. 
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 9. Also includes the liability for interest on Federal Reserve notes due to U.S. Treasury. Refer to table 8 and table 9.

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 4, 2011
Week ended
May 4, 2011		 Change from week ended
Apr 27, 2011 May 5, 2010
Marketable securities held in custody for foreign
    official and international accounts 1		 3,452,306 + 16,657 + 377,450 3,457,209
    U.S. Treasury securities 2,690,586 + 15,401 + 407,459 2,694,189
    Federal agency securities 2 761,720 + 1,256 - 30,009 763,020
Securities lent to dealers 17,819 + 7,716 + 12,506 21,668
    Overnight facility 3 17,819 + 7,716 + 12,506 21,668
        U.S. Treasury securities 16,992 + 7,686 + 13,003 20,856
        Federal agency debt securities 827 + 30 - 496 812
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, May 4, 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
Loans 1 13 13 29 16,223 0 ... 16,277
U.S. Treasury securities 2  
    Holdings 16,005 18,037 83,377 617,107 517,652 189,678 1,441,855
    Weekly changes - 2,379 - 919 + 1,096 + 25,939 + 4,600 + 53 + 28,388
Federal agency debt securities 3  
    Holdings 5,242 7,441 17,864 67,475 24,749 2,347 125,118
    Weekly changes + 4,174 - 3,641 - 1,601 0 0 0 - 1,068
Mortgage-backed securities 4  
    Holdings 0 0 0 19 23 926,980 927,021
    Weekly changes 0 0 0 0 + 1 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 0 0 0 0 0 0 0
   
Reverse repurchase agreements 6 56,973 0 ... ... ... ... 56,973
Term deposits 5,081 0 0 ... ... ... 5,081
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
May 4, 2011
Mortgage-backed securities held outright 1 927,021
 
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 8 and table 9.

4. Information on Principal Accounts of Maiden Lane LLC
Millions of dollars
Account name Wednesday
May 4, 2011
Net portfolio holdings of Maiden Lane LLC 1 24,796
 
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York 2 22,130
Accrued interest payable to the Federal Reserve Bank of New York 2 680
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. 3 1,338
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, 2011. 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 9.
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 8 and table 9.

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 4, 2011
Net portfolio holdings of Maiden Lane II LLC 1 14,970
 
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York 2 10,542
Accrued interest payable to the Federal Reserve Bank of New York 2 506
Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc. 3 1,083
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, 2011. 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 9.
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 8 and table 9.

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 4, 2011
Net portfolio holdings of Maiden Lane III LLC 1 24,611
 
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York 2 12,328
Accrued interest payable to the Federal Reserve Bank of New York 2 602
Outstanding principal amount and accrued interest on loan payable to American International Group, Inc. 3 5,425
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, 2011. 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 9.
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 8 and table 9.

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
May 4, 2011
Asset-backed securities holdings 1 0
Other investments, net 733
Net portfolio holdings of TALF LLC 733
 
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 3 107
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 9.
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 8 and table 9.

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. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of dollars
Assets, liabilities, and capital Eliminations from
consolidation		 Wednesday
May 4, 2011		 Change since
Wednesday
Apr 27, 2011		 Wednesday
May 5, 2010
Assets  
    Gold certificate account   11,037 0 0
    Special drawing rights certificate account   5,200 0 0
    Coin   2,183 - 34 + 102
    Securities, repurchase agreements, and loans   2,510,272 + 26,800 + 390,247
        Securities held outright 1   2,493,995 + 27,321 + 451,719
            U.S. Treasury securities   1,441,855 + 28,388 + 665,106
                Bills 2   18,423 0 0
                Notes and bonds, nominal 2   1,358,315 + 28,275 + 646,292
                Notes and bonds, inflation-indexed 2   58,065 0 + 16,940
                Inflation compensation 3   7,053 + 113 + 1,876
            Federal agency debt securities 2   125,118 - 1,068 - 42,994
            Mortgage-backed securities 4   927,021 0 - 170,394
        Repurchase agreements 5   0 0 0
        Loans   16,277 - 521 - 61,472
    Net portfolio holdings of Commercial Paper
        Funding Facility LLC 6		   0 0 - 2
    Net portfolio holdings of Maiden Lane LLC 7   24,796 + 33 - 3,465
    Net portfolio holdings of Maiden Lane II LLC 8   14,970 - 1,571 - 1,093
    Net portfolio holdings of Maiden Lane III LLC 9   24,611 + 48 + 946
    Net portfolio holdings of TALF LLC 10   733 0 + 294
    Preferred interests in AIA Aurora LLC and ALICO
        Holdings LLC 11		   0 0 - 25,416
    Items in process of collection (91) 486 + 348 + 261
    Bank premises   2,208 - 9 - 26
    Central bank liquidity swaps 12   0 0 0
    Other assets 13   126,464 + 2,200 + 31,499
 
Total assets (91) 2,722,961 + 27,817 + 393,347
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.


8. Consolidated Statement of Condition of All Federal Reserve Banks (continued)
Millions of dollars
Assets, liabilities, and capital Eliminations from
consolidation		 Wednesday
May 4, 2011		 Change since
Wednesday
Apr 27, 2011		 Wednesday
May 5, 2010
Liabilities  
    Federal Reserve notes, net of F.R. Bank holdings   975,724 + 3,372 + 78,209
    Reverse repurchase agreements 14   56,973 - 58 + 3,490
    Deposits (0) 1,614,875 + 25,796 + 308,767
        Term deposits held by depository institutions   5,081 0 + 5,081
        Other deposits held by depository institutions   1,475,479 + 23,291 + 442,740
        U.S. Treasury, general account   125,397 - 788 + 55,457
        U.S. Treasury, supplementary financing account   5,000 0 - 194,958
        Foreign official   128 - 64 - 2,923
        Other (0) 3,791 + 3,358 + 3,370
    Deferred availability cash items (91) 1,727 + 118 - 986
    Other liabilities and accrued dividends 15   21,105 - 1,398 + 5,650
 
Total liabilities (91) 2,670,403 + 27,830 + 395,128
 
Capital accounts  
    Capital paid in   26,279 - 6 - 51
    Surplus   26,279 - 6 + 692
    Other capital accounts   0 0 - 2,422
 
Total capital   52,558 - 13 - 1,781
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 9.
8. 
Refer to table 5 and the note on consolidation accompanying table 9.
9. 
Refer to table 6 and the note on consolidation accompanying table 9.
10. 
Refer to table 7 and the note on consolidation accompanying table 9.
11. 
As a result of the closing of the AIG recapitalization plan on January 14, 2011, the Federal Reserve Bank of New York has been paid in full for its preferred interests in AIA Aurora LLC and ALICO Holdings LLC. A portion of the preferred interests was redeemed by AIG with the funds from AIG asset dispositions that were held as agent by the Federal Reserve.
12. 
Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the foreign central bank.
13. 
Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates and the fair value adjustment to credit extended by the Federal Reserve Bank of New York (FRBNY) to eligible borrowers through the Term Asset-Backed Securities Loan Facility. Before the closing of the AIG recapitalization plan on January 14, 2011, included accrued dividends on the FRBNY's preferred interests in AIA Aurora LLC and ALICO Holdings LLC.
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 9. Also includes the liability for interest on Federal Reserve notes due to U.S. Treasury. Before the closing of the AIG recapitalization plan on January 14, 2011, included funds from American International Group, Inc. asset dispositions, held as agent.


9. Statement of Condition of Each Federal Reserve Bank, May 4, 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 11,037 390 3,866 432 450 872 1,394 854 319 197 318 728 1,217
    Special drawing rights certificate acct. 5,200 196 1,818 210 237 412 654 424 150 90 153 282 574
    Coin 2,183 55 83 163 163 360 178 336 34 62 162 221 365
    Securities, repurchase agreements,
        and loans		 2,510,272 61,320 1,176,067 85,434 67,368 288,031 185,410 148,114 47,208 38,333 66,342 98,638 248,007
        Securities held outright 1 2,493,995 61,319 1,159,815 85,434 67,368 288,031 185,410 148,107 47,204 38,329 66,342 98,638 247,999
            U.S. Treasury securities 1,441,855 35,450 670,525 49,392 38,947 166,520 107,191 85,625 27,290 22,159 38,354 57,026 143,376
                Bills 2 18,423 453 8,567 631 498 2,128 1,370 1,094 349 283 490 729 1,832
                Notes and bonds 3 1,423,433 34,997 661,957 48,761 38,450 164,392 105,822 84,531 26,941 21,876 37,864 56,297 141,544
            Federal agency debt securities 2 125,118 3,076 58,185 4,286 3,380 14,450 9,302 7,430 2,368 1,923 3,328 4,948 12,442
            Mortgage-backed securities 4 927,021 22,792 431,105 31,756 25,041 107,062 68,917 55,052 17,546 14,247 24,659 36,664 92,182
        Repurchase agreements 5 0 0 0 0 0 0 0 0 0 0 0 0 0
        Loans 16,277 1 16,253 0 0 0 0 7 4 4 0 0 8
    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		 24,796 0 24,796 0 0 0 0 0 0 0 0 0 0
    Net portfolio holdings of Maiden
        Lane II LLC 8		 14,970 0 14,970 0 0 0 0 0 0 0 0 0 0
    Net portfolio holdings of Maiden
        Lane III LLC 9		 24,611 0 24,611 0 0 0 0 0 0 0 0 0 0
    Net portfolio holdings of TALF LLC 10 733 0 733 0 0 0 0 0 0 0 0 0 0
    Preferred interests in AIA Aurora LLC
        and ALICO Holdings LLC 11		 0 0 0 0 0 0 0 0 0 0 0 0 0
    Items in process of collection 577 34 0 106 62 9 33 58 9 28 32 101 105
    Bank premises 2,208 124 255 68 138 237 216 207 136 107 263 246 211
    Central bank liquidity swaps 12 0 0 0 0 0 0 0 0 0 0 0 0 0
    Other assets 13 126,464 3,410 53,816 6,052 4,728 17,113 8,963 6,567 2,137 2,403 2,893 4,352 14,032
    Interdistrict settlement account 0 - 6,253 + 264,919 + 13,352 - 10,837 - 133,870 - 29,050 - 100 - 10,355 - 15,281 - 16,052 - 5,931 - 50,542
 
Total assets 2,723,052 59,277 1,565,934 105,818 62,309 173,164 167,799 156,460 39,638 25,938 54,111 98,635 213,969
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.


9. Statement of Condition of Each Federal Reserve Bank, May 4, 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 1,130,814 43,285 387,436 47,493 49,606 90,160 140,774 87,760 31,725 19,547 32,197 75,111 125,722
        Less: Notes held by F.R. Banks 155,090 4,621 43,051 5,236 7,176 12,511 22,072 12,517 4,182 5,378 3,679 11,109 23,556
            Federal Reserve notes, net 975,724 38,663 344,385 42,256 42,430 77,649 118,702 75,243 27,542 14,168 28,518 64,001 102,166
    Reverse repurchase agreements 14 56,973 1,401 26,495 1,952 1,539 6,580 4,236 3,383 1,078 876 1,516 2,253 5,665
    Deposits 1,614,875 17,041 1,163,845 56,327 13,810 76,827 41,036 75,842 10,294 8,702 23,226 31,144 96,781
        Term deposits held by depository
            institutions		 5,081 15 2,550 1,250 11 765 7 226 52 35 11 10 148
        Other deposits held by depository
            institutions		 1,475,479 16,993 1,027,207 55,073 13,796 75,922 41,026 75,596 10,240 8,663 23,214 31,133 96,617
        U.S. Treasury, general account 125,397 0 125,397 0 0 0 0 0 0 0 0 0 0
        U.S. Treasury, supplementary
            financing account		 5,000 0 5,000 0 0 0 0 0 0 0 0 0 0
        Foreign official 128 1 100 4 3 8 2 1 0 1 0 1 6
        Other 3,791 32 3,592 0 0 132 1 19 1 4 1 0 10
    Deferred availability cash items 1,818 71 14 266 218 89 131 113 63 348 104 95 306
    Interest on Federal Reserve notes due
        to U.S. Treasury 15		 2,035 46 910 88 68 276 162 102 28 38 44 62 211
    Other liabilities and accrued
        dividends 16		 19,070 221 14,871 311 306 874 531 445 188 166 193 301 663
 
Total liabilities 2,670,494 57,443 1,550,520 101,199 58,371 162,295 164,797 155,128 39,193 24,299 53,600 97,857 205,793
 
Capital  
    Capital paid in 26,279 917 7,707 2,309 1,969 5,434 1,501 666 222 820 256 389 4,088
    Surplus 26,279 917 7,707 2,309 1,969 5,434 1,501 666 222 820 256 389 4,088
    Other capital 0 0 0 0 0 0 0 0 0 0 0 0 0
 
Total liabilities and capital 2,723,052 59,277 1,565,934 105,818 62,309 173,164 167,799 156,460 39,638 25,938 54,111 98,635 213,969
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.


9. Statement of Condition of Each Federal Reserve Bank, May 4, 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. 
As a result of the closing of the AIG recapitalization plan on January 14, 2011, the Federal Reserve Bank of New York has been paid in full for its preferred interests in AIA Aurora LLC and ALICO Holdings LLC. A portion of the preferred interests was redeemed by AIG with the funds from AIG asset dispositions that were held as agent by the Federal Reserve.
12. 
Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the foreign central bank.
13. 
Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates and the fair value adjustment to credit extended by the Federal Reserve Bank of New York (FRBNY) to eligible borrowers through the Term Asset-Backed Securities Loan Facility. Before the closing of the AIG recapitalization plan on January 14, 2011, included accrued dividends on the FRBNY's preferred interests in AIA Aurora LLC and ALICO Holdings LLC.
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. Before the closing of the AIG recapitalization plan on January 14, 2011, included 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 8), 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 8).


10. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts
Millions of dollars
Federal Reserve notes and collateral Wednesday
May 4, 2011
Federal Reserve notes outstanding 1,130,814
    Less: Notes held by F.R. Banks not subject to collateralization 155,090
        Federal Reserve notes to be collateralized 975,724
Collateral held against Federal Reserve notes 975,724
    Gold certificate account 11,037
    Special drawing rights certificate account 5,200
    U.S. Treasury, agency debt, and mortgage-backed securities pledged 1,2 959,487
    Other assets pledged 0
Memo:  
Total U.S. Treasury, agency debt, and mortgage-backed securities 1,2 2,493,995
    Less: Face value of securities under reverse repurchase agreements 52,798
        U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 2,441,197
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: May 5, 2011