Federal Reserve Statistical Release, H.4.1, Factors Affecting Reserve Balances; title with eagle logo links to Statistical Release home page
Release Date:   April 22, 2010
Release dates | Historical data | Data Download Program (DDP) | About | Announcements
Current release  Other formats: Screen reader | ASCII | PDF (21 KB)

Try data download now image link

FEDERAL RESERVE statistical release

H.4.1

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

April 22, 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
Apr 21, 2010
Week ended
Apr 21, 2010
Change from week ended
Apr 14, 2010 Apr 22, 2009
Reserve Bank credit 2,318,211 + 20,456 + 149,058 2,320,083
    Securities held outright 1 2,045,482 + 21,584 +1,091,436 2,047,547
        U.S. Treasury securities 776,713 + 4 + 248,023 776,714
            Bills 2 18,423 0 0 18,423
            Notes and bonds, nominal 2 712,258 + 3,386 + 247,226 712,258
            Notes and bonds, inflation-indexed 2 40,891 - 2,886 + 130 40,891
            Inflation compensation 3 5,142 - 496 + 668 5,143
        Federal agency debt securities 2 168,903 - 12 + 106,146 168,903
        Mortgage-backed securities 4 1,099,865 + 21,592 + 737,266 1,101,929
    Repurchase agreements 5 0 0 0 0
    Term auction credit 0 0 - 455,799 0
    Other loans 78,836 - 1,227 - 25,865 78,424
        Primary credit 6,227 - 543 - 36,885 6,109
        Secondary credit 600 0 + 539 600
        Seasonal credit 24 + 3 + 23 27
        Primary dealer and other broker-dealer credit 6 0 0 - 9,214 0
        Asset-Backed Commercial Paper Money Market
            Mutual Fund Liquidity Facility
0 0 - 950 0
        Credit extended to American International
            Group, Inc., net 7
24,964 - 574 - 20,019 24,811
        Term Asset-Backed Securities Loan Facility 8 47,021 - 112 + 40,642 46,878
        Other credit extensions 0 0 0 0
    Net portfolio holdings of Commercial Paper
        Funding Facility LLC 9
7,812 + 12 - 233,085 7,821
    Net portfolio holdings of Maiden Lane LLC 10 27,529 + 97 + 1,084 27,574
    Net portfolio holdings of Maiden Lane II LLC 11 15,192 + 1 - 3,045 15,199
    Net portfolio holdings of Maiden Lane III LLC 12 22,037 + 107 - 5,377 22,046
    Net portfolio holdings of TALF LLC 13 409 + 5 + 409 439
    Preferred interests in AIA Aurora LLC and ALICO
        Holdings LLC 14
25,416 0 + 25,416 25,416
    Float -1,919 - 128 + 433 -2,111
    Central bank liquidity swaps 15 0 0 - 286,274 0
    Other Federal Reserve assets 16 97,417 + 4 + 39,726 97,728
Gold stock 11,041 0 0 11,041
Special drawing rights certificate account 5,200 0 + 3,000 5,200
Treasury currency outstanding 17 42,841 + 14 + 527 42,841
 
Total factors supplying reserve funds 2,377,294 + 20,471 + 152,586 2,379,165
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
Apr 21, 2010
Week ended
Apr 21, 2010
Change from week ended
Apr 14, 2010 Apr 22, 2009
Currency in circulation 17 934,474 - 941 + 31,181 935,292
Reverse repurchase agreements 18 54,091 - 589 - 11,675 52,078
    Foreign official and international accounts 54,091 - 589 - 11,675 52,078
    Dealers 0 0 0 0
Treasury cash holdings 232 + 24 - 101 218
Deposits with F.R. Banks, other than reserve balances 251,456 + 47,319 - 22,791 267,065
    U.S. Treasury, general account 46,088 + 34,422 - 19,632 61,746
    U.S. Treasury, supplementary financing account 199,961 + 24,994 + 32 199,961
    Foreign official 2,304 - 913 + 5 2,233
    Service-related 2,736 + 29 - 1,631 2,736
        Required clearing balances 2,707 0 - 1,660 2,707
        Adjustments to compensate for float 30 + 30 + 30 30
    Other 368 - 11,212 - 1,563 389
Other liabilities and capital 19 69,369 + 1,160 + 13,261 68,244
 
Total factors, other than reserve balances,
    absorbing reserve funds
1,309,622 + 46,972 + 9,875 1,322,897
 
Reserve balances with Federal Reserve Banks 1,067,671 - 26,502 + 142,710 1,056,269
Note: Components may not sum to totals because of rounding.


1. 
Includes securities lent to dealers under the overnight and term securities lending facilities; refer to table 1A.
2. 
Face value of the securities.
3. 
Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed securities.
4. 
Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the underlying mortgages.
5. 
Cash value of agreements.
6. 
Includes credit extended through the Primary Dealer Credit Facility and credit extended to certain other broker-dealers.
7. 
Includes outstanding principal and capitalized interest net of unamortized deferred commitment fees and allowance for loan restructuring. Excludes credit extended to consolidated LLCs.
8. 
Includes credit extended by the Federal Reserve Bank of New York to eligible borrowers through the Term Asset-Backed Securities Loan Facility.
9. 
Refer to table 7 and the note on consolidation accompanying table 11.
10. 
Refer to table 4 and the note on consolidation accompanying table 11.
11. 
Refer to table 5 and the note on consolidation accompanying table 11.
12. 
Refer to table 6 and the note on consolidation accompanying table 11.
13. 
Refer to table 8 and the note on consolidation accompanying table 11.
14. 
Refer to table 9.
15. 
Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the foreign central bank.
16. 
Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates, accrued dividends on the Federal Reserve Bank of New York's (FRBNY) preferred interests in AIA Aurora LLC and ALICO Holdings LLC, and the fair value adjustment to credit extended by the FRBNY to eligible borrowers through the Term Asset-Backed Securities Loan Facility.
17. 
Estimated.
18. 
Cash value of agreements, which are collateralized by U.S. Treasury securities and federal agency debt securities.
19. 
Includes the liabilities of Commercial Paper Funding Facility LLC, Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to entities other than the Federal Reserve Bank of New York, including liabilities that have recourse only to the portfolio holdings of these LLCs. Refer to table 4 through table 8 and the note on consolidation accompanying table 11.

Sources: Federal Reserve Banks and the U.S. Department of the Treasury.


1A. Memorandum Items
Millions of dollars
Memorandum item Averages of daily figures Wednesday
Apr 21, 2010
Week ended
Apr 21, 2010
Change from week ended
Apr 14, 2010 Apr 22, 2009
Marketable securities held in custody for foreign
    official and international accounts 1
3,056,224 + 21,817 + 408,682 3,052,360
    U.S. Treasury securities 2,270,801 + 19,759 + 429,331 2,266,762
    Federal agency securities 2 785,423 + 2,058 - 20,649 785,599
Securities lent to dealers 5,949 - 580 - 42,764 5,530
    Overnight facility 3 5,949 - 580 + 1,215 5,530
        U.S. Treasury securities 4,784 - 545 + 50 4,149
        Federal agency debt securities 1,165 - 35 + 1,165 1,381
    Term facility 4 0 0 - 43,979 0
Note: Components may not sum to totals because of rounding.


1. 
Face value of the securities. Includes U.S. Treasury STRIPS, other zero-coupon bonds, and mortgage-backed securities at face value.
2. 
Includes debt and mortgage-backed securities.
3. 
Fully collateralized by U.S. Treasury securities.
4. 
U.S. Treasury securities only. Fully collateralized by U.S. Treasury securities, federal agency securities, and other highly rated debt securities.

2. Maturity Distribution of Term Auction Credit, Other Loans, and Securities, April 21, 2010
Millions of dollars
Remaining maturity Within 15
days
16 days to
90 days
91 days to
1 year
Over 1 year
to 5 years
Over 5 years
to 10 years
Over 10
years
All
Term auction credit 0 0 ... ... ... ... 0
Other loans 1 6,734 2 0 71,688 0 ... 78,424
U.S. Treasury securities 2  
    Holdings 17,393 16,678 48,503 331,703 217,540 144,897 776,714
    Weekly changes - 1,094 - 4,886 + 3,167 - 261 + 2,125 + 953 + 3
Federal agency debt securities 3  
    Holdings 791 8,731 30,921 92,565 33,548 2,347 168,903
    Weekly changes + 791 + 1,939 - 302 - 2,428 0 0 0
Mortgage-backed securities 4  
    Holdings 0 0 0 33 20 1,101,875 1,101,929
    Weekly changes 0 0 0 - 1 - 1 + 55 + 55
Commercial paper held by
    Commercial Paper Funding
    Facility LLC 5
2,966 0 0 ... ... ... 2,966
Asset-backed securities held by
    TALF LLC 6
0 0 0 0 0 0 0
Repurchase agreements 7 0 0 ... ... ... ... 0
   
Reverse repurchase agreements 7 52,078 0 ... ... ... ... 52,078
Note: Components may not sum to totals because of rounding.

. . . Not applicable.


1. 
Excludes the loans from the Federal Reserve Bank of New York (FRBNY) to Commercial Paper Funding Facility LLC, Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC. The loans were eliminated when preparing the FRBNY's statement of condition consistent with consolidation under generally accepted accounting principles.
2. 
Face value. For inflation-indexed securities, includes the original face value and compensation that adjusts for the effect of inflation on the original face value of such securities.
3. 
Face value.
4. 
Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the underlying mortgages.
5. 
Face value of commercial paper held by Commercial Paper Funding Facility LLC.
6. 
Face value of asset-backed securities held by TALF LLC, which is the remaining principal balance of the underlying assets.
7. 
Cash value of agreements.

3. Supplemental Information on Mortgage-Backed Securities Purchase Program
Millions of dollars
Account name Wednesday
Apr 21, 2010
Mortgage-backed securities held outright 1 1,101,929
 
Commitments to buy mortgage-backed securities 2 66,614
Commitments to sell mortgage-backed securities 2 0
 
Cash and cash equivalents 3 847
1. 
Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the underlying mortgages.
2. 
Current face value. Generally settle within 180 days and include commitments associated with outright transactions as well as dollar rolls.
3. 
This amount is included in other Federal Reserve assets in table 1 and in other assets in table 10 and table 11.

4. Information on Principal Accounts of Maiden Lane LLC
Millions of dollars
Account name Wednesday
Apr 21, 2010
Net portfolio holdings of Maiden Lane LLC 1 27,574
 
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York 2 28,820
Accrued interest payable to the Federal Reserve Bank of New York 2 470
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. 3 1,268
1. 
Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of December 31, 2009. Any assets purchased after this valuation date are initially recorded at cost until their estimated fair value as of the purchase date becomes available.
2. 
Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 11.
3. 
Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 10 and table 11.

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


5. Information on Principal Accounts of Maiden Lane II LLC
Millions of dollars
Account name Wednesday
Apr 21, 2010
Net portfolio holdings of Maiden Lane II LLC 1 15,199
 
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York 2 14,756
Accrued interest payable to the Federal Reserve Bank of New York 2 324
Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc. 3 1,047
1. 
Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of December 31, 2009. Any assets purchased after this valuation date are initially recorded at cost until their estimated fair value as of the purchase date becomes available.
2. 
Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 11.
3. 
Book value. The deferred payment represents the portion of the proceeds of the net portfolio holdings due to subsidiaries of American International Group, Inc. in accordance with the asset purchase agreement. The fair value of this payment and accrued interest payable are included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 10 and table 11.

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


6. Information on Principal Accounts of Maiden Lane III LLC
Millions of dollars
Account name Wednesday
Apr 21, 2010
Net portfolio holdings of Maiden Lane III LLC 1 22,046
 
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York 2 16,583
Accrued interest payable to the Federal Reserve Bank of New York 2 407
Outstanding principal amount and accrued interest on loan payable to American International Group, Inc. 3 5,244
1. 
Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of December 31, 2009. Any assets purchased after this valuation date are initially recorded at cost until their estimated fair value as of the purchase date becomes available.
2. 
Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 11.
3. 
Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 10 and table 11.

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


7. Information on Principal Accounts of Commercial Paper Funding Facility LLC
Millions of dollars
Account name Wednesday
Apr 21, 2010
Commercial paper holdings, net 1 2,950
Other investments, net 4,871
Net portfolio holdings of Commercial Paper Funding Facility LLC 7,821
 
Memorandum: Commercial paper holdings, face value 2,966
 
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York 2 2,942
Accrued interest payable to the Federal Reserve Bank of New York 2 2
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
Apr 21, 2010
Asset-backed securities holdings 1 0
Other investments, net 439
Net portfolio holdings of TALF LLC 439
 
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York 2 0
Accrued interest payable to the Federal Reserve Bank of New York 2 0
Funding provided by U.S. Treasury to TALF LLC, including accrued interest payable 3 104
1. 
Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an orderly market on the measurement date.
2. 
Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 11.
3. 
Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 10 and table 11.

Note: On November 25, 2008, the Federal Reserve announced the creation of the Term Asset-Backed Securities Loan Facility (TALF) under the authority of section 13(3) of the Federal Reserve Act. The TALF is a facility under which the Federal Reserve Bank of New York (FRBNY) extends loans with a term of up to five years to holders of eligible asset-backed securities. The TALF is intended to assist financial markets in accommodating the credit needs of consumers and businesses by facilitating the issuance of asset-backed securities collateralized by a variety of consumer and business loans. The loans provided through the TALF to eligible borrowers are non-recourse, meaning that the obligation of the borrower can be discharged by surrendering the collateral to the FRBNY. The loans are extended for the market value of the security less an amount known as a haircut. As a result, the borrower bears the initial risk of a decline in the value of the security.


TALF LLC is a limited liability company formed to purchase and manage any asset-backed securities received by the FRBNY in connection with the decision of a borrower not to repay a TALF loan. TALF LLC has committed, for a fee, to purchase all asset-backed securities received by the FRBNY in conjunction with a TALF loan at a price equal to the TALF loan plus accrued but unpaid interest. Losses on asset-backed securities held by TALF LLC will be offset in the following order: by the commitment fees collected by TALF LLC, by the interest received on investments of TALF LLC, by up to $20 billion in subordinated debt funding provided by the U.S. Treasury, and finally, by senior debt funding provided by the FRBNY. Payments by TALF LLC from the proceeds of its net portfolio holdings will be made in the following order: operating expenses of TALF LLC, principal due to the FRBNY, principal due to the U.S. Treasury, interest due to the FRBNY, and interest due to the U.S. Treasury. Any remaining funds will be shared by the FRBNY and the U.S. Treasury.


9. Supplemental Information on the Federal Reserve Bank of New York's Preferred Interests in
AIA Aurora LLC and ALICO Holdings LLC
Millions of dollars
Account name Wednesday
Apr 21, 2010
Preferred interests in AIA Aurora LLC and ALICO Holdings LLC 1 25,416
Accrued dividends on preferred interests in AIA Aurora LLC and ALICO Holdings LLC 2 73
 
Preferred interests in AIA Aurora LLC 1 16,266
Accrued dividends on preferred interests in AIA Aurora LLC 2 47
 
Preferred interests in ALICO Holdings LLC 1 9,150
Accrued dividends on preferred interests in ALICO Holdings LLC 2 26
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
Apr 21, 2010
Change since
Wednesday
Apr 14, 2010
Wednesday
Apr 22, 2009
Assets  
    Gold certificate account   11,037 0 0
    Special drawing rights certificate account   5,200 0 + 3,000
    Coin   2,095 + 28 + 225
    Securities, repurchase agreements, term auction
        credit, and other loans
  2,125,971 - 841 + 600,114
        Securities held outright 1   2,047,547 + 60 +1,080,477
            U.S. Treasury securities   776,714 + 3 + 241,745
                Bills 2   18,423 0 0
                Notes and bonds, nominal 2   712,258 + 3,386 + 241,226
                Notes and bonds, inflation-indexed 2   40,891 - 2,886 - 85
                Inflation compensation 3   5,143 - 496 + 605
            Federal agency debt securities 2   168,903 0 + 104,392
            Mortgage-backed securities 4   1,101,929 + 55 + 734,339
        Repurchase agreements 5   0 0 0
        Term auction credit   0 0 - 455,799
        Other loans   78,424 - 901 - 24,564
    Net portfolio holdings of Commercial Paper
        Funding Facility LLC 6
  7,821 + 12 - 234,610
    Net portfolio holdings of Maiden Lane LLC 7   27,574 + 52 + 1,093
    Net portfolio holdings of Maiden Lane II LLC 8   15,199 + 8 - 3,054
    Net portfolio holdings of Maiden Lane III LLC 9   22,046 + 10 - 5,383
    Net portfolio holdings of TALF LLC 10   439 + 35 + 439
    Preferred interests in AIA Aurora LLC and ALICO
        Holdings LLC 11
  25,416 0 + 25,416
    Items in process of collection (55) 200 + 16 - 603
    Bank premises   2,239 0 + 48
    Central bank liquidity swaps 12   0 0 - 282,863
    Other assets 13   95,777 - 1,043 + 38,922
 
Total assets (55) 2,341,015 - 1,722 + 142,746
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
Apr 21, 2010
Change since
Wednesday
Apr 14, 2010
Wednesday
Apr 22, 2009
Liabilities  
    Federal Reserve notes, net of F.R. Bank holdings   894,760 - 690 + 31,800
    Reverse repurchase agreements 14   52,078 - 3,148 - 12,603
    Deposits (0) 1,323,622 + 3,507 + 112,450
        Depository institutions   1,059,294 - 4,686 + 143,521
        U.S. Treasury, general account   61,746 + 52,268 - 31,787
        U.S. Treasury, supplementary financing account   199,961 + 24,994 + 32
        Foreign official   2,233 - 413 + 639
        Other (0) 389 - 68,655 + 46
    Deferred availability cash items (55) 2,311 - 122 - 1,453
    Other liabilities and accrued dividends 15   14,384 - 789 + 4,691
 
Total liabilities (55) 2,287,154 - 1,243 + 134,885
 
Capital accounts  
    Capital paid in   26,228 + 5 + 3,617
    Surplus   25,589 + 33 + 4,408
    Other capital accounts   2,044 - 518 - 165
 
Total capital   53,860 - 480 + 7,860
Note: Components may not sum to totals because of rounding.


1. 
Includes securities lent to dealers under the overnight and term securities lending facilities; refer to table 1A.
2. 
Face value of the securities.
3. 
Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed securities.
4. 
Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the underlying mortgages.
5. 
Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.
6. 
Refer to table 7 and the note on consolidation accompanying table 11.
7. 
Refer to table 4 and the note on consolidation accompanying table 11.
8. 
Refer to table 5 and the note on consolidation accompanying table 11.
9. 
Refer to table 6 and the note on consolidation accompanying table 11.
10. 
Refer to table 8 and the note on consolidation accompanying table 11.
11. 
Refer to table 9.
12. 
Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the foreign central bank.
13. 
Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates, accrued dividends on the Federal Reserve Bank of New York's (FRBNY) preferred interests in AIA Aurora LLC and ALICO Holdings LLC, and the fair value adjustment to credit extended by the FRBNY to eligible borrowers through the Term Asset-Backed Securities Loan Facility.
14. 
Cash value of agreements, which are collateralized by U.S. Treasury securities and federal agency debt securities.
15. 
Includes the liabilities of Commercial Paper Funding Facility LLC, Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to entities other than the Federal Reserve Bank of New York, including liabilities that have recourse only to the portfolio holdings of these LLCs. Refer to table 4 through table 8 and the note on consolidation accompanying table 11.


11. Statement of Condition of Each Federal Reserve Bank, April 21, 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 2,095 75 81 166 154 308 191 334 27 67 145 202 346
    Securities, repurchase agreements,
        term auction credit, and other
        loans
2,125,971 51,822 913,796 47,849 69,567 233,200 193,773 154,388 52,758 28,045 70,242 85,978 224,553
        Securities held outright 1 2,047,547 51,817 835,507 47,816 69,567 233,194 193,754 154,357 52,741 28,030 70,239 85,977 224,547
            U.S. Treasury securities 776,714 19,656 316,941 18,139 26,389 88,459 73,499 58,554 20,007 10,633 26,644 32,615 85,179
                Bills 2 18,423 466 7,517 430 626 2,098 1,743 1,389 475 252 632 774 2,020
                Notes and bonds 3 758,292 19,190 309,423 17,708 25,763 86,361 71,755 57,165 19,532 10,381 26,012 31,841 83,159
            Federal agency debt securities 2 168,903 4,274 68,921 3,944 5,739 19,236 15,983 12,733 4,351 2,312 5,794 7,092 18,523
            Mortgage-backed securities 4 1,101,929 27,886 449,645 25,733 37,439 125,498 104,273 83,070 28,384 15,085 37,801 46,271 120,844
        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 78,424 5 78,288 33 0 6 19 31 17 15 2 0 7
    Net portfolio holdings of Commercial
        Paper Funding Facility LLC 6
7,821 0 7,821 0 0 0 0 0 0 0 0 0 0
    Net portfolio holdings of Maiden
        Lane LLC 7
27,574 0 27,574 0 0 0 0 0 0 0 0 0 0
    Net portfolio holdings of Maiden
        Lane II LLC 8
15,199 0 15,199 0 0 0 0 0 0 0 0 0 0
    Net portfolio holdings of Maiden
        Lane III LLC 9
22,046 0 22,046 0 0 0 0 0 0 0 0 0 0
    Net portfolio holdings of TALF LLC 10 439 0 439 0 0 0 0 0 0 0 0 0 0
    Preferred interests in AIA Aurora LLC
        and ALICO Holdings LLC 11
25,416 0 25,416 0 0 0 0 0 0 0 0 0 0
    Items in process of collection 255 11 -192 21 44 200 4 14 11 30 41 46 27
    Bank premises 2,239 123 261 70 143 238 220 209 136 109 266 251 212
    Central bank liquidity swaps 12 0 0 0 0 0 0 0 0 0 0 0 0 0
    Other assets 13 95,777 2,720 36,396 4,350 4,232 14,924 8,192 5,889 2,076 1,674 2,634 3,326 9,363
    Interdistrict settlement account 0 + 86 + 96,807 + 20,698 - 17,129 + 45,869 - 54,892 - 41,004 - 14,821 + 22,209 - 20,238 - 15,177 - 22,409
 
Total assets 2,341,070 55,402 1,151,500 73,769 57,711 295,997 149,527 121,141 40,660 52,428 53,539 75,559 213,836
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, April 21, 2010 (continued)
Millions of dollars
Assets, liabilities, and capital Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas
City
Dallas San
Francisco
Liabilities  
    Federal Reserve notes outstanding 1,075,974 34,962 389,328 38,425 44,534 84,400 135,488 86,959 32,266 20,121 29,119 65,839 114,532
        Less: Notes held by F.R. Banks 181,214 4,172 58,387 5,874 8,882 11,187 32,020 12,035 4,436 2,970 3,362 12,779 25,111
            Federal Reserve notes, net 894,760 30,790 330,941 32,551 35,652 73,213 103,468 74,924 27,831 17,151 25,757 53,060 89,421
    Reverse repurchase agreements 14 52,078 1,318 21,250 1,216 1,769 5,931 4,928 3,926 1,341 713 1,786 2,187 5,711
    Deposits 1,323,622 21,112 773,899 33,921 15,574 203,332 37,056 40,261 10,687 32,630 25,164 18,973 111,014
        Depository institutions 1,059,294 21,095 509,770 33,916 15,570 203,193 37,053 40,253 10,671 32,629 25,162 18,972 111,008
        U.S. Treasury, general account 61,746 0 61,746 0 0 0 0 0 0 0 0 0 0
        U.S. Treasury, supplementary
            financing account
199,961 0 199,961 0 0 0 0 0 0 0 0 0 0
        Foreign official 2,233 1 2,205 4 3 11 2 1 0 1 0 1 3
        Other 389 15 218 1 1 127 0 7 16 0 1 0 3
    Deferred availability cash items 2,366 66 0 203 565 102 152 158 64 328 126 138 464
    Other liabilities and accrued
        dividends 15
14,384 238 9,708 281 315 943 666 537 224 163 240 326 741
 
Total liabilities 2,287,209 53,524 1,135,799 68,172 53,876 283,521 146,270 119,806 40,147 50,985 53,074 74,684 207,352
 
Capital  
    Capital paid in 26,228 913 7,562 2,939 1,902 5,344 1,560 614 239 718 213 411 3,814
    Surplus 25,589 945 7,541 2,657 1,910 7,133 1,581 620 240 712 210 353 1,687
    Other capital 2,044 20 598 0 23 0 116 102 35 13 44 111 983
 
Total liabilities and capital 2,341,070 55,402 1,151,500 73,769 57,711 295,997 149,527 121,141 40,660 52,428 53,539 75,559 213,836
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, April 21, 2010 (continued)

1. 
Includes securities lent to dealers under the overnight and term securities lending facilities; refer to table 1A.
2. 
Face value of the securities.
3. 
Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face value of such securities.
4. 
Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the underlying mortgages.
5. 
Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.
6. 
Refer to table 7 and the note on consolidation below.
7. 
Refer to table 4 and the note on consolidation below.
8. 
Refer to table 5 and the note on consolidation below.
9. 
Refer to table 6 and the note on consolidation below.
10. 
Refer to table 8 and the note on consolidation below.
11. 
Refer to table 9.
12. 
Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the foreign central bank.
13. 
Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates, accrued dividends on the Federal Reserve Bank of New York's (FRBNY) preferred interests in AIA Aurora LLC and ALICO Holdings LLC, and the fair value adjustment to credit extended by the FRBNY to eligible borrowers through the Term Asset-Backed Securities Loan Facility.
14. 
Cash value of agreements, which are collateralized by U.S. Treasury securities and federal agency debt securities.
15. 
Includes the liabilities of Commercial Paper Funding Facility LLC, Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to entities other than the Federal Reserve Bank of New York, including liabilities that have recourse only to the portfolio holdings of these LLCs. Refer to table 4 through table 8 and the note on consolidation below.


Note on consolidation:


The Federal Reserve Bank of New York (FRBNY) has extended loans to several limited liability companies under the authority of section 13(3) of the Federal Reserve Act. On June 26, 2008, a loan was extended to Maiden Lane LLC, which was formed to acquire certain assets of Bear Stearns. On October 27, 2008, the FRBNY began extending loans to Commercial Paper Funding Facility LLC, which was formed to purchase three-month U.S. dollar-denominated commercial paper from eligible issuers. On November 25, 2008, a loan was extended to Maiden Lane III LLC, which was formed to purchase multi-sector collateralized debt obligations on which the Financial Products group of the American International Group, Inc. has written credit default swap contracts. On December 12, 2008, a loan was extended to Maiden Lane II LLC, which was formed to purchase residential mortgage-backed securities from the U.S. securities lending reinvestment portfolio of subsidiaries of American International Group, Inc. On November 25, 2008, the Federal Reserve Board authorized the FRBNY to extend credit to TALF LLC, which was formed to purchase and manage any asset-backed securities received by the FRBNY in connection with the decision of a borrower not to repay a loan extended under the Term Asset-Backed Securities Loan Facility.


The FRBNY is the sole beneficiary of Commercial Paper Funding Facility LLC. The FRBNY is the primary beneficiary of TALF LLC, because of the two beneficiaries of the LLC, the FRBNY and the U.S. Treasury, the FRBNY is primarily responsible for directing the financial activities of TALF LLC. The FRBNY is the primary beneficiary of the other LLCs cited above because it will receive a majority of any residual returns of the LLCs and absorb a majority of any residual losses of the LLCs. Consistent with generally accepted accounting principles, the assets and liabilities of these LLCs have been consolidated with the assets and liabilities of the FRBNY in the preparation of the statements of condition shown on this release. As a consequence of the consolidation, the extensions of credit from the FRBNY to the LLCs are eliminated, the net assets of the LLCs appear as assets on the previous page (and in table 1 and table 10), and the liabilities of the LLCs to entities other than the FRBNY, including those with recourse only to the portfolio holdings of the LLCs, are included in other liabilities in this table (and table 1 and table 10).


12. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts
Millions of dollars
Federal Reserve notes and collateral Wednesday
Apr 21, 2010
Federal Reserve notes outstanding 1,075,974
    Less: Notes held by F.R. Banks not subject to collateralization 181,214
        Federal Reserve notes to be collateralized 894,760
Collateral held against Federal Reserve notes 894,760
    Gold certificate account 11,037
    Special drawing rights certificate account 5,200
    U.S. Treasury, agency debt, and mortgage-backed securities pledged 1,2 878,523
    Other assets pledged 0
Memo:  
Total U.S. Treasury, agency debt, and mortgage-backed securities 1,2 2,047,547
    Less: Face value of securities under reverse repurchase agreements 51,676
        U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 1,995,871
Note: Components may not sum to totals because of rounding.


1. 
Includes face value of U.S. Treasury, agency debt, and mortgage-backed securities held outright, compensation to adjust for the effect of inflation on the original face value of inflation-indexed securities, and cash value of repurchase agreements.
2. 
Includes securities lent to dealers under the overnight and term securities lending facilities; refer to table 1A.

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

Statistical releases