Federal Reserve Statistical Release, H.4.1, Factors Affecting Reserve Balances; title with eagle logo links to Statistical Release home page
Release Date: March 5, 2009
Release dates | Historical data
Current release  Other formats: Screen reader | ASCII | PDF (21 KB)

FEDERAL RESERVE statistical release

H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
                                                                                              March 5, 2009
1. Factors Affecting Reserve Balances of Depository Institutions
Millions of dollars
Reserve Bank credit, related items, and                            Averages of daily figures
reserve balances of depository institutions at            Week ended   Change from week ended     Wednesday
Federal Reserve Banks                                     Mar 4, 2009 Feb 25, 2009  Mar 5, 2008  Mar 4, 2009

Reserve Bank credit                                       1,891,437   -    8,752   +1,017,956    1,884,079
  Securities held outright                                  581,721   +    2,638   -  131,644      581,759       
    U.S. Treasury securities (1)                            474,607   -       77   -  238,758      474,619
      Bills (2)                                              18,423            0   -  181,937       18,423
      Notes and bonds, nominal (2)                          412,914            0   -   57,096      412,914
      Notes and bonds, inflation-indexed (2)                 39,378            0   +      941       39,378
      Inflation compensation (3)                              3,893   -       78   -      666        3,905
    Federal agency debt securities (2)                       38,252   +    2,383   +   38,252       38,238
    Mortgage-backed securities (4)                           68,862   +      333   +   68,862       68,902
  Repurchase agreements (5)                                       0            0   -   59,357            0
  Term auction credit                                       493,145   +   45,582   +  433,145      493,145  
  Other loans                                               140,945   +    1,481   +  140,587      140,343
    Primary credit                                           65,961   +    1,553   +   65,606       66,728
    Secondary credit                                              0   -        7            0            0
    Seasonal credit                                               2            0   -        1            2
    Primary dealer and other broker-dealer credit (6)        23,799   -    1,819   +   23,799       23,557
    Asset-backed Commercial Paper Money Market
      Mutual Fund Liquidity Facility                          9,531   -    1,851   +    9,531        8,087
    Credit extended to American International
      Group, Inc. (7)                                        41,652   +    3,606   +   41,652       41,969
    Other credit extensions                                       0            0            0            0
  Net portfolio holdings of Commercial Paper 
    Funding Facility LLC (8)                                242,052   -    4,181   +  242,052      241,296
  Net portfolio holdings of LLCs funded through
    the Money Market Investor Funding Facility (9)                0            0            0            0
  Net portfolio holdings of Maiden Lane LLC (10)             25,989   +       65   +   25,989       26,107
  Net portfolio holdings of Maiden Lane II LLC (11)          18,655   +       14   +   18,655       18,708
  Net portfolio holdings of Maiden Lane III LLC (12)         27,702   +       25   +   27,702       27,745
  Float                                                      -2,294   +       86   -      920       -2,949
  Central bank liquidity swaps (13)                         320,389   -   54,201   +  320,389      315,211
  Other Federal Reserve assets (14)                          43,133   -      262   +    1,358       42,714
Gold stock                                                   11,041            0            0       11,041
Special drawing rights certificate account                    2,200            0            0        2,200
Treasury currency outstanding (15)                           38,800   +       14   +      120       38,800
       
Total factors supplying reserve funds                     1,943,478   -    8,738   +1,018,076    1,936,120

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                            Averages of daily figures
reserve balances of depository institutions at            Week ended   Change from week ended     Wednesday
Federal Reserve Banks                                     Mar 4, 2009 Feb 25, 2009  Mar 5, 2008  Mar 4, 2009

Currency in circulation (15)                                895,114   +    1,418   +   79,215      897,131
Reverse repurchase agreements (16)                           72,625   +    4,782   +   29,487       71,262
  Foreign official and international accounts                72,625   +    4,782   +   29,487       71,262
  Dealers                                                         0            0            0            0
Treasury cash holdings                                          284   +        6   +       24          295
Deposits with F.R. Banks, other than reserve balances       276,319   +   29,113   +  264,334      300,653       
  U.S. Treasury, general account                             52,413   +   16,830   +   47,546       68,282
  U.S. Treasury, supplementary financing account            199,950            0   +  199,950      199,950
  Foreign official                                            1,547   -    1,135   +    1,450        1,640
  Service-related                                             4,466   -       10   -    2,284        4,466
    Required clearing balances                                4,466   -       10   -    2,284        4,466
    Adjustments to compensate for float                           0            0            0            0
  Other                                                      17,942   +   13,426   +   17,671       26,315
Other liabilities and capital (17)                           51,332   +      448   +    6,936       51,512

Total factors, other than reserve balances,                                        
   absorbing reserve funds                                1,295,673   +   35,767   +  379,995    1,320,853

Reserve balances with Federal Reserve Banks                 647,805   -   44,505   +  638,081      615,267
                                                                
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. Excludes credit extended to consolidated LLCs.
8. Refer to table 6 and the note on consolidation accompanying table 9.
9. Refer to table 7 and the note on consolidation accompanying table 9.
10. Refer to table 3 and the note on consolidation accompanying table 9.
11. Refer to table 4 and the note on consolidation accompanying table 9.
12. Refer to table 5 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.
15. Estimated.
16. Cash value of agreements, which are collateralized by U.S. Treasury securities.
17. Includes the liabilities of Commercial Paper Funding Facility LLC, the LLCs funded through the Money Market 
    Investor Funding Facility, Maiden Lane LLC, Maiden Lane II LLC, and Maiden Lane III 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 3 through table 7 and the note on consolidation accompanying table 9.

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


1A. Memorandum Items 
Millions of dollars
                                                                   Averages of daily figures
Memorandum item                                           Week ended   Change from week ended     Wednesday
                                                          Mar 4, 2009 Feb 25, 2009  Mar 5, 2008  Mar 4, 2009

Marketable securities held in custody for foreign
      official and international accounts (1)             2,596,440   +   15,714   +  446,428    2,599,214
  U.S. Treasury securities                                1,779,256   +   12,583   +  498,629    1,783,008
  Federal agency securities (2)                             817,184   +    3,131   -   52,201      816,206
Securities lent to dealers                                  117,853   +       12   +   98,833      117,769   
  Overnight facility (3)                                      5,683   -      602   -   13,337        5,599
  Term facility (4,5)                                       112,170   +      614   +  112,170      112,170

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. Fully collateralized by U.S. Treasury securities, federal agency securities, and other highly rated debt
   securities.
5. On      March 4, 2009, option contracts on draws on the Term Securities Lending Facility totaling $    35,000 
   million were outstanding. The exercise date for the options is    March 26, 2009, and the draws have a term of 
      March 27, 2009 through     April 3, 2009.


2. Maturity Distribution of Term Auction Credit, Other Loans, and Securities,      March 4, 2009
Millions of dollars

Remaining maturity                 Within 15  16 days to  91 days to  Over 1 year  Over 5 years  Over 10       All
                                      days     90 days      1 year     to 5 years   to 10 years   years 
Term auction credit                  142,328     350,818         ---          ---           ---        ---     493,145
Other loans (1)                       86,458      11,861           55      41,969           ---        ---     140,343
U.S. Treasury securities (2) 
  Holdings                            13,258      31,686       60,732     168,922       100,588     99,432     474,619
  Weekly changes                  -    6,418  +    4,863   -      581  +      949    +    1,172 -       10  -       24
Federal agency debt securities (3) 
  Holdings                               977         571        2,567      26,690         7,433          0      38,238
  Weekly changes                  +      528  -      628            0           0             0          0  -      100
Mortgage-backed securities (4)    
  Holdings                                 0           0            0           0             0     68,902      68,902
  Weekly changes                           0           0            0           0             0 +      157  +      157
Commercial paper held by
  Commercial Paper Funding 
  Facility LLC (5)                    19,041     221,222            0         ---           ---        ---     240,262
Money market instruments held by
  LLCs funded through the Money
  Market Investor Funding
  Facility (6)                             0           0            0         ---           ---        ---           0
Repurchase agreements (7)                  0           0          ---         ---           ---        ---           0
Central bank liquidity swaps (8)     140,285     174,926            0           0             0          0     315,211

Reverse repurchase agreements (7)     71,262           0          ---         ---           ---        ---      71,262
  
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, the 
   LLCs funded through the Money Market Investor Funding Facility, Maiden Lane LLC, Maiden Lane II LLC, and Maiden 
   Lane III 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 money market instruments held by LLCs funded through the Money Market Investor Funding Facility.
7. Cash value of agreements.
8. Dollar value of foreign currency held under these arrangements 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. Information on Principal Accounts of Maiden Lane LLC
Millions of dollars
                                                                                                  Wednesday
Account name                                                                                     Mar 4, 2009
         
Net portfolio holdings of Maiden Lane LLC (1)                                                       26,107

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)                                   292
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3)        1,198
 
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, 2008.  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.



4. Information on Principal Accounts of Maiden Lane II LLC
Millions of dollars
                                                                                                   Wednesday
Account name                                                                                      Mar 4, 2009

Net portfolio holdings of Maiden Lane II LLC (1)                                                     18,708

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)            18,825
Accrued interest payable to the Federal Reserve Bank of New York (2)                                     75
Deferred payment and accrued interest payable to subsidiaries of American International 
  Group, Inc. (3)                                                                                     1,008

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, 2008.  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.


5. Information on Principal Accounts of Maiden Lane III LLC
Millions of dollars
                                                                                                   Wednesday
Account name                                                                                      Mar 4, 2009

Net portfolio holdings of Maiden Lane III LLC (1)                                                    27,745

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)            24,339
Accrued interest payable to the Federal Reserve Bank of New York (2)                                    106
Outstanding principal amount and accrued interest on loan payable to American International
  Group, Inc. (3)                                                                                     5,052

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, 2008.  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.


6. Information on Principal Accounts of Commercial Paper Funding Facility LLC
Millions of dollars
                                                                                                   Wednesday
Account name                                                                                      Mar 4, 2009

Commercial paper holdings, net (1)                                                                  238,876
Other investments, net                                                                                2,420
Net portfolio holdings of Commercial Paper Funding Facility LLC                                     241,296

Memorandum: Commercial paper holdings, face value                                                   240,262

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)           238,943
Accrued interest payable to the Federal Reserve Bank of New York (2)                                     82

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 9.

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.


7. Information on Principal Accounts of LLCs Funded through the Money Market Investor Funding Facility 
Millions of dollars
                                                                                                   Wednesday
Account name                                                                                      Mar 4, 2009

Money market instrument holdings, net (1)                                                                 0
Other investments, net                                                                                    0
Net portfolio holdings of LLCs funded through the Money Market Investor Funding Facility                  0

Memorandum: Money market instrument 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
Commercial paper issued by LLCs funded through the Money Market Investor Funding Facility, 
  net of related discounts                                                                                0

1. Book value, which includes amortized cost.
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.

Note:  The Federal Reserve Board authorized the Federal Reserve Bank of New York to extend credit under the 
authority of section 13(3) of the Federal Reserve Act to a series of limited liability companies funded through 
the Money Market Investor Funding Facility (MMIFF).  The MMIFF became operational on November 24, 2008.  These 
limited liability companies were established to purchase short-term U.S. dollar-denominated certificates of 
deposit, bank notes, and outstanding asset-backed commercial paper from eligible issuers.  Such purchases are 
designed to foster liquidity in short-term money markets.


8. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of dollars
                                                 Eliminations                          Change since
                                                     from       Wednesday        Wednesday        Wednesday
Assets, liabilities, and capital                consolidation  Mar 4, 2009     Feb 25, 2009      Mar 5, 2008

Assets
Gold certificate account                                           11,037                0                0
Special drawing rights certificate account                          2,200                0                0
Coin                                                                1,848       -        7       +      497
Securities, repurchase agreements, term auction
      credit, and other loans                                   1,215,247       +   47,059       +  389,572
  Securities held outright                                        581,759       +       33       -  131,629
    U.S. Treasury securities (1)                                  474,619       -       24       -  238,769       
      Bills (2)                                                    18,423                0       -  181,937
      Notes and bonds, nominal (2)                                412,914                0       -   57,096
      Notes and bonds, inflation-indexed (2)                       39,378                0       +      941
      Inflation compensation (3)                                    3,905       -       24       -      676
    Federal agency debt securities (2)                             38,238       -      100       +   38,238
    Mortgage-backed securities (4)                                 68,902       +      157       +   68,902
  Repurchase agreements (5)                                             0                0       -   52,250    
  Term auction credit                                             493,145       +   45,582       +  433,145
  Other loans                                                     140,343       +    1,444       +  140,306
Net portfolio holdings of Commercial Paper 
  Funding Facility LLC (6)                                        241,296       -    1,207       +  241,296
Net portfolio holdings of LLCs funded through
  the Money Market Investor Funding Facility (7)                        0                0                0
Net portfolio holdings of Maiden Lane LLC (8)                      26,107       +      138       +   26,107
Net portfolio holdings of Maiden Lane II LLC (9)                   18,708       +       61       +   18,708
Net portfolio holdings of 
  Maiden Lane III LLC (10)                                         27,745       +       50       +   27,745
Items in process of collection                         (517)          705       -      254       -    1,010
Bank premises                                                       2,182       -        5       +       42
Central bank liquidity swaps (11)                                 315,211       -   59,736       +  315,211
Other assets (12)                                                  40,512       -      882       +      928
     
      Total assets                                     (517)    1,902,798       -   14,783       +1,019,096

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
                                                 Eliminations                          Change since
                                                     from       Wednesday        Wednesday        Wednesday
Assets, liabilities, and capital                consolidation  Mar 4, 2009     Feb 25, 2009      Mar 5, 2008
                         
Liabilities
Federal Reserve notes, net of F.R. Bank holdings                  860,470       +    1,732       +   79,701
Reverse repurchase agreements (13)                                 71,262       +    3,549       +   30,450
Deposits                                                 (0)      915,900       -   21,128       +  901,005       
  Depository institutions                                         619,713       -   81,430       +  609,984
  U.S. Treasury, general account                                   68,282       +   43,173       +   63,488
  U.S. Treasury, supplementary financing account                  199,950                0       +  199,950
  Foreign official                                                  1,640       -      593       +    1,542
  Other                                                  (0)       26,315       +   17,722       +   26,040
Deferred availability cash items                       (517)        3,654       +      544       +      394
Other liabilities and accrued dividends (14)                        8,813       +       15       +    4,398

      Total liabilities                                (517)    1,860,098       -   15,289       +1,015,947
                          
Capital accounts
Capital paid in                                                    22,194       +        4       +    2,733
Surplus                                                            20,267       +      435       +    1,809
Other capital accounts                                                238       +       66       -    1,394

      Total capital                                                42,699       +      505       +    3,148

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 6 and the note on consolidation accompanying table 9.
7. Refer to table 7 and the note on consolidation accompanying table 9.
8. Refer to table 3 and the note on consolidation accompanying table 9.
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. 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. 
12. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates. 
13. Cash value of agreements, which are collateralized by U.S. Treasury securities.
14. Includes the liabilities of Commercial Paper Funding Facility LLC, the LLCs funded through the Money Market 
    Investor Funding Facility, Maiden Lane LLC, Maiden Lane II LLC, and Maiden Lane III 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 3 through table 7 and the note on consolidation accompanying table 9. 


9. Statement of Condition of Each Federal Reserve Bank,      March 4, 2009
Millions of dollars
                                                                                                                                                            Kansas                 San
Assets, liabilities, and capital               Total     Boston   New York Philadelphia Cleveland   Richmond   Atlanta    Chicago   St. Louis  Minneapolis   City      Dallas   Francisco

Assets                        
Gold certificate account                      11,037        424      3,935        453        423        891      1,221        913        344        199        349        636      1,249
Special drawing rights certificate acct.       2,200        115        874         83        104        147        166        212         71         30         66         98        234
Coin                                           1,848         62         82        156        154        255        225        216         45         59        126        184        282
Securities, repurchase agreements, term
      auction credit, and other loans      1,215,247     54,371    565,688     72,355     33,513    139,769     71,727     59,812     24,912     17,023     23,886     30,981    121,210
  Securities held outright                   581,759     24,401    206,986     25,400     22,060     52,753     57,884     51,346     20,104     10,983     21,361     24,132     64,349
    U.S. Treasury securities (1)             474,619     19,907    168,866     20,723     17,997     43,038     47,224     41,890     16,401      8,960     17,427     19,688     52,498
      Bills (2)                               18,423        773      6,555        804        699      1,671      1,833      1,626        637        348        676        764      2,038
      Notes and bonds (3)                    456,196     19,135    162,312     19,918     17,299     41,367     45,391     40,264     15,765      8,612     16,751     18,923     50,460
    Federal agency debt securities (2)        38,238      1,604     13,605      1,670      1,450      3,467      3,805      3,375      1,321        722      1,404      1,586      4,230
    Mortgage-backed securities (4)            68,902      2,890     24,515      3,008      2,613      6,248      6,856      6,081      2,381      1,301      2,530      2,858      7,621
  Repurchase agreements (5)                        0          0          0          0          0          0          0          0          0          0          0          0          0
  Term auction credit                        493,145     21,622    233,360     46,815     11,445     86,488     13,623      6,469      4,564      5,699      2,477      5,675     54,909     
  Other loans                                140,343      8,348    125,341        139          8        529        220      1,998        245        341         48      1,174      1,952
Net portfolio holdings of Commercial
  Paper Funding Facility LLC (6)             241,296          0    241,296          0          0          0          0          0          0          0          0          0          0
Net portfolio holdings of LLCs funded
  through the Money Market Investor
  Funding Facility (7)                             0          0          0          0          0          0          0          0          0          0          0          0          0
Net portfolio holdings of Maiden Lane 
  LLC (8)                                     26,107          0     26,107          0          0          0          0          0          0          0          0          0          0
Net portfolio holdings of Maiden
  Lane II LLC (9)                             18,708          0     18,708          0          0          0          0          0          0          0          0          0          0
Net portfolio holdings of Maiden
  Lane III LLC (10)                           27,745          0     27,745          0          0          0          0          0          0          0          0          0          0
Items in process of collection                 1,221         63          0        203        138         45         47        279         46         87         42        106        167
Bank premises                                  2,182        122        210         65        146        230        224        207        132        112        272        249        212
Central bank liquidity swaps (11)            315,211     12,040     94,621     33,014     22,134     85,281     22,983     10,032      2,990      4,626      2,965      3,864     20,661
Other assets (12)                             40,512      1,672     12,502      3,275      2,348      8,161      3,462      2,224        844        695        863      1,025      3,441
Interdistrict settlement account                   0  -   9,181  -  57,994  -  49,899  +  11,316  -  36,439  +  36,832  +  31,343  +   6,113  -   1,709  +  22,638  +  21,090  +  25,891

      Total assets                         1,903,314     59,689    933,774     59,704     70,276    198,341    136,888    105,238     35,498     21,121     51,208     58,233    173,345

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,      March 4, 2009 (continued)
Millions of dollars
                                                                                                                                                            Kansas                 San
Assets, liabilities, and capital                Total     Boston   New York Philadelphia Cleveland   Richmond   Atlanta    Chicago   St. Louis  Minneapolis   City      Dallas   Francisco

Liabilities                         
Federal Reserve notes outstanding           1,037,277     37,558    362,692     40,829     45,952     79,871    134,117     85,441     28,948     18,937     29,407     62,087    111,437
  Less: Notes held by F.R. Banks              176,807      5,658     50,108      5,359      7,375     12,208     29,340     13,559      3,631      2,984      3,574     16,796     26,215
    Federal Reserve notes, net                860,470     31,900    312,583     35,470     38,577     67,664    104,777     71,882     25,317     15,953     25,833     45,291     85,223
Reverse repurchase agreements (13)             71,262      2,989     25,355      3,111      2,702      6,462      7,090      6,290      2,463      1,345      2,617      2,956      7,882
Deposits                                      915,900     22,724    577,993     15,737     25,148    111,796     21,021     24,763      7,063      2,516     22,043      8,946     76,149
  Depository institutions                     619,713     22,720    281,930     15,733     25,145    111,704     21,017     24,761      7,057      2,515     22,041      8,945     76,145
  U.S. Treasury, general account               68,282          0     68,282          0          0          0          0          0          0          0          0          0          0
  U.S. Treasury, supplementary
    financing account                         199,950          0    199,950          0          0          0          0          0          0          0          0          0          0
  Foreign official                              1,640          2      1,610          4          3         11          3          1          0          1          0          1          3
  Other                                        26,315          3     26,221          0          0         81          0          0          5          0          1          0          2
Deferred availability cash items                4,171        132          0        645        579        297        354        528         60        384        156        300        735
Other liabilities and accrued                 
  dividends (14)                                8,813        158      6,325        184        181        460        357        289        155        106        118        170        309
   
      Total liabilities                     1,860,615     57,904    922,256     55,148     67,187    186,679    133,599    103,752     35,057     20,304     50,767     57,663    170,298
                              
Capital                    
Capital paid in                                22,194        903      6,282      2,320      1,597      5,979      1,644        730        216        485        214        281      1,543
Surplus                                        20,267        844      5,236      2,237      1,492      5,682      1,612        704        210        324        208        271      1,449
Other capital                                     238         38          0          0          0          0         33         52         16          8         19         19         55

      Total liabilities and capital         1,903,314     59,689    933,774     59,704     70,276    198,341    136,888    105,238     35,498     21,121     51,208     58,233    173,345
                              
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,      March 4, 2009 (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 6 and the note on consolidation below.
7. Refer to table 7 and the note on consolidation below.
8. Refer to table 3 and the note on consolidation below.
9. Refer to table 4 and the note on consolidation below.
10. Refer to table 5 and the note on consolidation below.
11. 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.
12. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates.
13. Cash value of agreements, which are collateralized by U.S. Treasury securities.
14. Includes the liabilities of Commercial Paper Funding Facility LLC, the LLCs funded through the Money Market Investor Funding Facility, Maiden Lane LLC, Maiden Lane II LLC, and  Maiden 
    Lane III 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 3 through 
    table 7 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 October 21, 2008, the Federal Reserve Board authorized the FRBNY 
to extend credit to a series of LLCs funded through the Money Market Investor Funding Facility.  These LLCs, which became operational on November 24, 2008, were established to purchase 
short-term U.S. dollar-denominated certificates of deposit, bank notes, and 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.

The FRBNY is the sole beneficiary of Commercial Paper Funding Facility LLC and the primary beneficiary of the other LLCs cited above. 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
                                                                                                 Mar 4, 2009
              
Federal Reserve notes outstanding                                                                1,037,277
  Less: Notes held by F.R. Banks not subject to collateralization                                  176,807
    Federal Reserve notes to be collateralized                                                     860,470 
Collateral held against Federal Reserve notes                                                      860,470
  Gold certificate account                                                                          11,037
  Special drawing rights certificate account                                                         2,200
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1)                           514,939
  Other assets pledged                                                                             332,294

Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1)                               581,759
  Less: Face value of securities under reverse repurchase agreements                                66,820
    U.S. Treasury, agency debt, and mortgage-backed securities
    eligible to be pledged                                                                         514,939
   
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.

Release dates | Historical data
Current release  Other formats: Screen reader | ASCII | PDF (21 KB)

Statistical releases