Federal Reserve Statistical Release, H.4.1, Factors Affecting Reserve Balances; title with eagle logo links to Statistical Release home page
Release Date:   May 27, 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

May 27, 2010
1. Factors Affecting Reserve Balances of Depository Institutions
Millions of dollars
Reserve Bank credit, related items, and
reserve balances of depository institutions at
Federal Reserve Banks		 Averages of daily figures Wednesday
May 26, 2010
Week ended
May 26, 2010		 Change from week ended
May 19, 2010 May 27, 2009
Reserve Bank credit 2,323,752 - 15,319 + 248,076 2,316,843
    Securities held outright 1 2,062,171 - 3,358 + 953,937 2,057,164
        U.S. Treasury securities 776,862 + 43 + 179,283 776,877
            Bills 2 18,423 0 0 18,423
            Notes and bonds, nominal 2 712,023 0 + 179,058 712,023
            Notes and bonds, inflation-indexed 2 41,125 0 - 350 41,125
            Inflation compensation 3 5,290 + 43 + 574 5,306
        Federal agency debt securities 2 167,377 - 370 + 87,624 167,377
        Mortgage-backed securities 4 1,117,932 - 3,031 + 687,030 1,112,910
    Repurchase agreements 5 0 0 0 0
    Term auction credit 0 0 - 372,541 0
    Other loans 75,219 - 1,013 - 49,013 74,937
        Primary credit 4,315 - 799 - 33,838 4,209
        Secondary credit 400 0 + 371 400
        Seasonal credit 48 + 4 + 33 43
        Asset-Backed Commercial Paper Money Market
            Mutual Fund Liquidity Facility		 0 0 - 26,423 0
        Credit extended to American International
            Group, Inc., net 6		 26,133 - 43 - 18,024 26,110
        Term Asset-Backed Securities Loan Facility 7 44,322 - 175 + 28,868 44,175
        Other credit extensions 0 0 0 0
    Net portfolio holdings of Commercial Paper
        Funding Facility LLC 8		 2 0 - 154,692 2
    Net portfolio holdings of Maiden Lane LLC 9 28,311 + 42 + 2,623 28,329
    Net portfolio holdings of Maiden Lane II LLC 10 15,856 + 14 - 319 15,910
    Net portfolio holdings of Maiden Lane III LLC 11 23,373 + 10 + 3,006 23,380
    Net portfolio holdings of TALF LLC 12 472 + 33 + 472 478
    Preferred interests in AIA Aurora LLC and ALICO
        Holdings LLC 13		 25,416 0 + 25,416 25,416
    Float -1,712 + 182 + 263 -1,819
    Central bank liquidity swaps 14 1,242 - 7,963 - 183,690 1,242
    Other Federal Reserve assets 15 93,403 - 3,266 + 22,615 91,805
Gold stock 11,041 0 0 11,041
Special drawing rights certificate account 5,200 0 + 3,000 5,200
Treasury currency outstanding 16 42,857 + 14 + 527 42,857
 
Total factors supplying reserve funds 2,382,850 - 15,305 + 251,603 2,375,941
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 26, 2010
Week ended
May 26, 2010		 Change from week ended
May 19, 2010 May 27, 2009
Currency in circulation 16 937,689 + 115 + 29,029 940,424
Reverse repurchase agreements 17 58,080 + 1,754 - 11,948 58,158
    Foreign official and international accounts 58,080 + 1,754 - 11,948 58,158
    Dealers 0 0 0 0
Treasury cash holdings 196 + 9 - 102 205
Deposits with F.R. Banks, other than reserve balances 230,481 - 8,034 - 3,084 221,040
    U.S. Treasury, general account 26,077 + 4,918 - 615 16,728
    U.S. Treasury, supplementary financing account 199,957 - 2 + 25 199,957
    Foreign official 1,442 - 162 - 938 1,349
    Service-related 2,643 - 20 - 1,582 2,643
        Required clearing balances 2,643 - 20 - 1,582 2,643
        Adjustments to compensate for float 0 0 0 0
    Other 361 - 12,769 + 25 362
Other liabilities and capital 18 71,701 - 1,654 + 20,535 70,675
 
Total factors, other than reserve balances,
    absorbing reserve funds		 1,298,146 - 7,810 + 34,429 1,290,501
 
Reserve balances with Federal Reserve Banks 1,084,704 - 7,495 + 217,174 1,085,440
Note: Components may not sum to totals because of rounding.


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

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


1A. Memorandum Items
Millions of dollars
Memorandum item Averages of daily figures Wednesday
May 26, 2010
Week ended
May 26, 2010		 Change from week ended
May 19, 2010 May 27, 2009
Marketable securities held in custody for foreign
    official and international accounts 1		 3,066,268 + 9,634 + 342,045 3,077,379
    U.S. Treasury securities 2,264,514 + 3,029 + 354,577 2,270,933
    Federal agency securities 2 801,754 + 6,605 - 12,532 806,446
Securities lent to dealers 3,415 - 669 - 28,055 3,400
    Overnight facility 3 3,415 - 669 + 38 3,400
        U.S. Treasury securities 2,106 - 730 - 1,271 1,881
        Federal agency debt securities 1,310 + 61 + 1,310 1,519
    Term facility 4 0 0 - 28,093 0
Note: Components may not sum to totals because of rounding.


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

2. Maturity Distribution of Securities, Loans, and Selected Other Assets and Liabilities, May 26, 2010
Millions of dollars
Remaining maturity Within 15
days		 16 days to
90 days		 91 days to
1 year		 Over 1 year
to 5 years		 Over 5 years
to 10 years		 Over 10
years		 All
Other loans 1 4,650 3 0 70,285 0 ... 74,937
U.S. Treasury securities 2  
    Holdings 14,593 17,775 46,919 340,387 213,494 143,710 776,877
    Weekly changes - 2,504 + 2,504 + 4 + 9 + 11 + 19 + 43
Federal agency debt securities 3  
    Holdings 662 10,213 37,409 83,198 33,548 2,347 167,377
    Weekly changes - 200 + 709 + 74 - 783 0 0 - 200
Mortgage-backed securities 4  
    Holdings 0 0 0 32 20 1,112,858 1,112,910
    Weekly changes 0 0 0 0 0 - 6,575 - 6,575
Commercial paper held by
    Commercial Paper Funding
    Facility LLC 5		 0 0 0 ... ... ... 0
Asset-backed securities held by
    TALF LLC 6		 0 0 0 0 0 0 0
Repurchase agreements 7 0 0 ... ... ... ... 0
Central bank liquidity swaps 8 0 1,242 0 0 0 0 1,242
   
Reverse repurchase agreements 7 58,158 0 ... ... ... ... 58,158
Note: Components may not sum to totals because of rounding.

. . . Not applicable.


1. 
Excludes the loans from the Federal Reserve Bank of New York (FRBNY) to Commercial Paper Funding Facility LLC, Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC. The loans were eliminated when preparing the FRBNY's statement of condition consistent with consolidation under generally accepted accounting principles.
2. 
Face value. For inflation-indexed securities, includes the original face value and compensation that adjusts for the effect of inflation on the original face value of such securities.
3. 
Face value.
4. 
Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the underlying mortgages.
5. 
Face value of commercial paper held by Commercial Paper Funding Facility LLC.
6. 
Face value of asset-backed securities held by TALF LLC, which is the remaining principal balance of the underlying assets.
7. 
Cash value of agreements.
8. 
Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the foreign central bank.

3. Supplemental Information on Mortgage-Backed Securities Purchase Program
Millions of dollars
Account name Wednesday
May 26, 2010
Mortgage-backed securities held outright 1 1,112,910
 
Commitments to buy mortgage-backed securities 2 36,354
Commitments to sell mortgage-backed securities 2 0
 
Cash and cash equivalents 3 541
1. 
Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the underlying mortgages.
2. 
Current face value. Generally settle within 180 days and include commitments associated with outright transactions as well as dollar rolls.
3. 
This amount is included in other Federal Reserve assets in table 1 and in other assets in table 10 and table 11.

4. Information on Principal Accounts of Maiden Lane LLC
Millions of dollars
Account name Wednesday
May 26, 2010
Net portfolio holdings of Maiden Lane LLC 1 28,329
 
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 2 491
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. 3 1,274
1. 
Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of March 31, 2010. Any assets purchased after this valuation date are initially recorded at cost until their estimated fair value as of the purchase date becomes available.
2. 
Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 11.
3. 
Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 10 and table 11.

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


5. Information on Principal Accounts of Maiden Lane II LLC
Millions of dollars
Account name Wednesday
May 26, 2010
Net portfolio holdings of Maiden Lane II LLC 1 15,910
 
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York 2 14,532
Accrued interest payable to the Federal Reserve Bank of New York 2 342
Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc. 3 1,050
1. 
Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of March 31, 2010. Any assets purchased after this valuation date are initially recorded at cost until their estimated fair value as of the purchase date becomes available.
2. 
Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 11.
3. 
Book value. The deferred payment represents the portion of the proceeds of the net portfolio holdings due to subsidiaries of American International Group, Inc. in accordance with the asset purchase agreement. The fair value of this payment and accrued interest payable are included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 10 and table 11.

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


6. Information on Principal Accounts of Maiden Lane III LLC
Millions of dollars
Account name Wednesday
May 26, 2010
Net portfolio holdings of Maiden Lane III LLC 1 23,380
 
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York 2 16,206
Accrued interest payable to the Federal Reserve Bank of New York 2 427
Outstanding principal amount and accrued interest on loan payable to American International Group, Inc. 3 5,261
1. 
Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of March 31, 2010. Any assets purchased after this valuation date are initially recorded at cost until their estimated fair value as of the purchase date becomes available.
2. 
Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 11.
3. 
Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 10 and table 11.

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


7. Information on Principal Accounts of Commercial Paper Funding Facility LLC
Millions of dollars
Account name Wednesday
May 26, 2010
Commercial paper holdings, net 1 0
Other investments, net 2
Net portfolio holdings of Commercial Paper Funding Facility LLC 2
 
Memorandum: Commercial paper holdings, face value 0
 
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York 2 0
Accrued interest payable to the Federal Reserve Bank of New York 2 0
1. 
Book value, which includes amortized cost and related fees.
2. 
Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 11.

Note: On October 27, 2008, the Federal Reserve Bank of New York began extending loans under the authority of section 13(3) of the Federal Reserve Act to Commercial Paper Funding Facility LLC. This LLC is a limited liability company formed to purchase three-month U.S. dollar-denominated commercial paper from eligible issuers and thereby foster liquidity in short-term funding markets and increase the availability of credit for businesses and households.


8. Information on Principal Accounts of TALF LLC
Millions of dollars
Account name Wednesday
May 26, 2010
Asset-backed securities holdings 1 0
Other investments, net 478
Net portfolio holdings of TALF LLC 478
 
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York 2 0
Accrued interest payable to the Federal Reserve Bank of New York 2 0
Funding provided by U.S. Treasury to TALF LLC, including accrued interest payable 3 104
1. 
Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an orderly market on the measurement date.
2. 
Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 11.
3. 
Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 10 and table 11.

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


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


9. Supplemental Information on the Federal Reserve Bank of New York's Preferred Interests in
AIA Aurora LLC and ALICO Holdings LLC
Millions of dollars
Account name Wednesday
May 26, 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 2 195
 
Preferred interests in AIA Aurora LLC 1 16,266
Accrued dividends on preferred interests in AIA Aurora LLC 2 125
 
Preferred interests in ALICO Holdings LLC 1 9,150
Accrued dividends on preferred interests in ALICO Holdings LLC 2 70
Note: Components may not sum to totals because of rounding.


1. 
Book value.
2. 
This amount is included in other Federal Reserve assets in table 1 and in other assets in table 10 and table 11.

Note on preferred interests:


In conjunction with the restructuring of the government's assistance to American International Group, Inc. (AIG) announced March 2, 2009, the outstanding balance and amount available of revolving credit provided to AIG by the FRBNY has been reduced in exchange for preferred interests in two special purpose vehicles, AIA Aurora LLC and ALICO Holdings LLC. These two limited liability companies were created to directly or indirectly hold all of the outstanding common stock of American International Assurance Company Ltd. (AIA) and American Life Insurance Company (ALICO), two life insurance subsidiaries of AIG. AIG will retain control of AIA Aurora LLC and ALICO Holdings LLC, and the FRBNY will have certain consent, disposition, and conversion rights with respect to its preferred interests.


Dividends accrue as a percentage of the FRBNY's preferred interests in AIA Aurora LLC and ALICO Holdings LLC. On a quarterly basis, the accrued dividends are capitalized and added to the FRBNY's preferred interests in AIA Aurora LLC and ALICO Holdings LLC.


10. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of dollars
Assets, liabilities, and capital Eliminations from
consolidation		 Wednesday
May 26, 2010		 Change since
Wednesday
May 19, 2010		 Wednesday
May 27, 2009
Assets  
    Gold certificate account   11,037 0 0
    Special drawing rights certificate account   5,200 0 + 3,000
    Coin   2,014 - 28 + 224
    Securities, repurchase agreements, term auction
        credit, and other loans		   2,132,101 - 7,657 + 528,542
        Securities held outright 1   2,057,164 - 6,732 + 949,717
            U.S. Treasury securities   776,877 + 43 + 176,735
                Bills 2   18,423 0 0
                Notes and bonds, nominal 2   712,023 0 + 178,001
                Notes and bonds, inflation-indexed 2   41,125 0 - 1,678
                Inflation compensation 3   5,306 + 43 + 412
            Federal agency debt securities 2   167,377 - 200 + 87,624
            Mortgage-backed securities 4   1,112,910 - 6,575 + 685,358
        Repurchase agreements 5   0 0 0
        Term auction credit   0 0 - 372,540
        Other loans   74,937 - 924 - 48,635
    Net portfolio holdings of Commercial Paper
        Funding Facility LLC 6		   2 0 - 149,387
    Net portfolio holdings of Maiden Lane LLC 7   28,329 + 21 + 2,612
    Net portfolio holdings of Maiden Lane II LLC 8   15,910 + 63 - 342
    Net portfolio holdings of Maiden Lane III LLC 9   23,380 + 8 + 3,001
    Net portfolio holdings of TALF LLC 10   478 + 39 + 478
    Preferred interests in AIA Aurora LLC and ALICO
        Holdings LLC 11		   25,416 0 + 25,416
    Items in process of collection (40) 274 + 45 - 985
    Bank premises   2,236 - 2 + 38
    Central bank liquidity swaps 12   1,242 - 7,963 - 180,405
    Other assets 13   89,889 - 1,382 + 23,656
 
Total assets (40) 2,337,507 - 16,857 + 255,848
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.


10. Consolidated Statement of Condition of All Federal Reserve Banks (continued)
Millions of dollars
Assets, liabilities, and capital Eliminations from
consolidation		 Wednesday
May 26, 2010		 Change since
Wednesday
May 19, 2010		 Wednesday
May 27, 2009
Liabilities  
    Federal Reserve notes, net of F.R. Bank holdings   899,782 + 2,214 + 29,765
    Reverse repurchase agreements 14   58,158 + 2,394 - 7,721
    Deposits (0) 1,306,800 - 20,911 + 216,362
        Depository institutions   1,088,403 - 7,336 + 211,392
        U.S. Treasury, general account   16,728 - 13,485 + 5,680
        U.S. Treasury, supplementary financing account   199,957 - 2 + 25
        Foreign official   1,349 - 129 - 783
        Other (0) 362 + 40 + 47
    Deferred availability cash items (40) 2,092 - 267 - 2,028
    Other liabilities and accrued dividends 15   15,627 - 314 + 9,344
 
Total liabilities (40) 2,282,459 - 16,883 + 245,722
 
Capital accounts  
    Capital paid in   26,416 - 7 + 2,389
    Surplus   25,668 + 32 + 6,494
    Other capital accounts   2,963 - 1 + 1,242
 
Total capital   55,048 + 26 + 10,126
Note: Components may not sum to totals because of rounding.


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


11. Statement of Condition of Each Federal Reserve Bank, May 26, 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 2,014 69 76 162 146 295 184 316 27 64 144 197 334
    Securities, repurchase agreements,
        term auction credit, and other
        loans		 2,132,101 52,063 914,156 48,049 69,894 234,289 194,691 155,102 52,995 28,180 70,574 86,383 225,725
        Securities held outright 1 2,057,164 52,060 839,432 48,041 69,894 234,289 194,665 155,082 52,989 28,162 70,569 86,381 225,601
            U.S. Treasury securities 776,877 19,660 317,007 18,142 26,395 88,478 73,514 58,566 20,011 10,635 26,650 32,621 85,197
                Bills 2 18,423 466 7,517 430 626 2,098 1,743 1,389 475 252 632 774 2,020
                Notes and bonds 3 758,455 19,194 309,490 17,712 25,769 86,380 71,771 57,177 19,536 10,383 26,018 31,848 83,177
            Federal agency debt securities 2 167,377 4,236 68,299 3,909 5,687 19,062 15,838 12,618 4,311 2,291 5,742 7,028 18,356
            Mortgage-backed securities 4 1,112,910 28,164 454,126 25,990 37,812 126,748 105,312 83,898 28,667 15,235 38,177 46,732 122,048
        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 74,937 3 74,725 8 0 1 27 20 6 17 5 2 123
    Net portfolio holdings of Commercial
        Paper Funding Facility LLC 6		 2 0 2 0 0 0 0 0 0 0 0 0 0
    Net portfolio holdings of Maiden
        Lane LLC 7		 28,329 0 28,329 0 0 0 0 0 0 0 0 0 0
    Net portfolio holdings of Maiden
        Lane II LLC 8		 15,910 0 15,910 0 0 0 0 0 0 0 0 0 0
    Net portfolio holdings of Maiden
        Lane III LLC 9		 23,380 0 23,380 0 0 0 0 0 0 0 0 0 0
    Net portfolio holdings of TALF LLC 10 478 0 478 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 313 13 0 17 111 5 68 11 6 21 8 31 22
    Bank premises 2,236 122 260 70 143 237 220 210 136 109 266 250 213
    Central bank liquidity swaps 12 1,242 46 360 136 93 346 77 30 12 34 10 17 82
    Other assets 13 89,889 2,559 34,161 4,136 3,998 14,072 7,662 5,482 1,942 1,584 2,452 3,098 8,743
    Interdistrict settlement account 0 - 8,591 + 78,333 + 19,927 - 14,877 + 72,560 - 46,583 - 40,984 - 16,406 + 18,045 - 22,463 - 13,905 - 25,057
 
Total assets 2,337,546 46,845 1,126,716 73,111 60,207 323,063 158,358 121,479 39,186 48,330 51,440 77,006 211,805
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.


11. Statement of Condition of Each Federal Reserve Bank, May 26, 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 1,081,819 34,980 396,103 38,636 44,449 84,078 137,204 86,343 31,995 19,966 29,279 65,264 113,523
        Less: Notes held by F.R. Banks 182,037 4,115 59,971 5,566 9,446 13,198 29,599 11,868 4,516 3,065 3,239 12,187 25,268
            Federal Reserve notes, net 899,782 30,865 336,132 33,070 35,003 70,880 107,605 74,475 27,478 16,901 26,040 53,077 88,255
    Reverse repurchase agreements 14 58,158 1,472 23,731 1,358 1,976 6,624 5,503 4,384 1,498 796 1,995 2,442 6,378
    Deposits 1,306,800 12,321 740,050 32,560 18,516 231,829 41,231 40,636 9,438 28,514 22,630 20,182 108,892
        Depository institutions 1,088,403 12,302 521,834 32,556 18,512 231,734 41,228 40,591 9,436 28,513 22,628 20,182 108,887
        U.S. Treasury, general account 16,728 0 16,728 0 0 0 0 0 0 0 0 0 0
        U.S. Treasury, supplementary
            financing account		 199,957 0 199,957 0 0 0 0 0 0 0 0 0 0
        Foreign official 1,349 1 1,320 4 3 11 2 1 0 1 0 1 3
        Other 362 17 210 0 2 84 0 44 1 0 1 0 3
    Deferred availability cash items 2,132 61 0 188 538 74 124 142 49 388 81 111 376
    Other liabilities and accrued
        dividends 15		 15,627 232 11,079 286 314 931 646 508 212 162 229 313 715
 
Total liabilities 2,282,498 44,951 1,110,992 67,463 56,347 310,337 155,110 120,145 38,676 46,762 50,974 76,125 204,616
 
Capital  
    Capital paid in 26,416 916 7,543 2,947 1,907 5,451 1,548 614 239 803 211 414 3,823
    Surplus 25,668 945 7,568 2,701 1,910 7,140 1,581 620 240 712 210 353 1,688
    Other capital 2,963 33 612 0 44 134 119 100 31 52 45 114 1,679
 
Total liabilities and capital 2,337,546 46,845 1,126,716 73,111 60,207 323,063 158,358 121,479 39,186 48,330 51,440 77,006 211,805
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.


11. Statement of Condition of Each Federal Reserve Bank, May 26, 2010 (continued)

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


Note on consolidation:


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


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


12. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts
Millions of dollars
Federal Reserve notes and collateral Wednesday
May 26, 2010
Federal Reserve notes outstanding 1,081,819
    Less: Notes held by F.R. Banks not subject to collateralization 182,037
        Federal Reserve notes to be collateralized 899,782
Collateral held against Federal Reserve notes 899,782
    Gold certificate account 11,037
    Special drawing rights certificate account 5,200
    U.S. Treasury, agency debt, and mortgage-backed securities pledged 1,2 883,545
    Other assets pledged 0
Memo:  
Total U.S. Treasury, agency debt, and mortgage-backed securities 1,2 2,057,164
    Less: Face value of securities under reverse repurchase agreements 57,389
        U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 1,999,775
Note: Components may not sum to totals because of rounding.


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

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

Statistical releases

Home | Economic research and data
Accessibility | Contact Us
Last update: May 27, 2010