Federal Reserve Statistical Release, H.4.1, Factors Affecting Reserve Balances; title with eagle logo links to Statistical Release home page
Release Date:  December 29, 2008
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
December 29, 2008
1. Factors Affecting Reserve Balances of Depository Institutions
Millions of dollars
reserve balances of depository institutions at
Federal Reserve Banks
Reserve Bank credit, related items, and
Averages of daily figures Wednesday
Dec 24, 2008
Week ended
Dec 24, 2008
Change from week ended
Dec 17, 2008 Dec 26, 2007
                                                              
Reserve Bank credit                                       2,207,272    -   46,466    +1,333,775     2,241,288 
  Securities held outright                                  495,994    +    3,229    -  258,611       496,892 
    U.S. Treasury (1)                                       476,067    -      111    -  278,538       476,014 
      Bills (2)                                              18,423             0    -  223,433        18,423 
      Notes and bonds, nominal (2)                          410,491             0    -   60,493       410,491 
      Notes and bonds, inflation-indexed (2)                 41,071             0    +    4,160        41,071 
      Inflation compensation (3)                              6,082    -      110    +    1,227         6,029 
    Federal agency (2)                                       19,927    +    3,340    +   19,927        20,878 
  Repurchase agreements (4)                                  80,000             0    +   40,464        80,000 
  Term auction credit                                       420,806    -   27,153    +  400,806       450,219 
  Other loans                                               196,868    -   15,657    +  192,040       186,630 
    Primary credit                                           86,260    -    2,147    +   81,458        84,898 
    Secondary credit                                             51    +       48    +       51            40 
    Seasonal credit                                               3    +        1    -       23             3 
    Primary dealer and other broker-dealer credit (5)       45,679   -    4,814   +   45,679       38,190 
    Asset-backed commercial paper money market                
      mutual fund liquidity facility                         24,858    -    4,416    +   24,858        23,993 
    Credit extended to American International                 
      Group, Inc. (6)                                        40,018    -    4,329    +   40,018        39,507 
    Other credit extensions                                       0             0             0             0 
  Net portfolio holdings of Commercial Paper                  
    Funding Facility LLC (7)                                325,796    +   10,529    +  325,796       331,686 
  Net portfolio holdings of LLCs funded through               
    the money market investor funding facility (8)                0             0             0             0 
  Net portfolio holdings of Maiden Lane LLC (9)              26,918    +       26    +   26,918        26,966 
  Net portfolio holdings of Maiden Lane II LLC (10)          20,033    +    2,514    +   20,033        20,049 
  Net portfolio holdings of Maiden Lane III LLC (11)         28,085    +    8,477    +   28,085        28,191 
  Float                                                      -1,167    -      138    -      254        -1,334 
  Other Federal Reserve assets                              613,939    -   28,294    +  558,497       621,990 
Gold stock                                                   11,041             0             0        11,041 
Special drawing rights certificate account                    2,200             0             0         2,200 
Treasury currency outstanding (12)                           38,843    +       14    +      141        38,843 
                                                              
Total factors supplying reserve funds                     2,259,356    -   46,452    +1,333,916     2,293,372 
 

Note: Components may not sum to totals because of rounding. Footnotes appear on the following page.
 

 

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
Dec 24, 2008
Week ended
Dec 24, 2008
Change from week ended
Dec 17, 2008 Dec 26, 2007
                                                              
Currency in circulation (12)                                881,463    +    6,162    +   55,946       886,651 
Reverse repurchase agreements (13)                           87,758    -    5,442    +   48,638        88,317 
  Foreign official and international accounts                87,758    +   15,987    +   48,638        88,317 
  Dealers                                                         0    -   21,429             0             0 
Treasury cash holdings                                          233    +        6    -       15           233 
Deposits with F.R. Banks, other than reserve balances       425,657    -   29,092    +  413,753       426,994 
  U.S. Treasury, general account                            125,933    +   46,301    +  121,023       118,058 
  U.S. Treasury, supplementary financing account            289,247    -   74,930    +  289,247       289,247 
  Foreign official                                              644    +      406    +      547         1,190 
  Service-related                                             4,414    -      205    -    2,200         4,414 
    Required clearing balances                                4,385    -      207    -    2,229         4,385 
    Adjustments to compensate for float                          29    +        2    +       29            29 
  Other                                                       5,418    -      665    +    5,135        14,085 
Other liabilities and capital (14)                           79,640    -    2,434    +   36,808        76,190 
                                                              
Total factors, other than reserve balances,                                                       
   absorbing reserve funds                                1,474,750    -   30,801    +  555,130     1,478,384 
                                                              
Reserve balances with Federal Reserve Banks                 784,607    -   15,650    +  778,787       814,987 
                                                                
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. Cash value of agreements.
5. Includes credit extended through the Primary Dealer Credit Facility and credit extended to certain
other broker-dealers.
6. Excludes credit extended to consolidated LLCs.
7. Refer to table 6 and the note on consolidation accompanying table 9.
8. Refer to table 7 and the note on consolidation accompanying table 9.
9. Refer to table 3 and the note on consolidation accompanying table 9.
10. Refer to table 4 and the note on consolidation accompanying table 9.
11. Refer to table 5 and the note on consolidation accompanying table 9.
12. Estimated.
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.
 

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
Dec 24, 2008
Week ended
Dec 24, 2008
Change from week ended
Dec 17, 2008 Dec 26, 2007
                                                              
Marketable securities held in custody for foreign             
      official and international accounts (1)             2,509,692    +   11,487    +  453,281     2,513,564 
  U.S. Treasury                                           1,684,697    +   28,134    +  458,513     1,694,571 
  Federal agency                                            824,995    -   16,647    -    5,232       818,992 
Securities lent to dealers                                  184,566    -    2,580    +  170,436       188,339 
  Overnight facility (2)                                      6,970    +    1,398    -    7,160         5,743 
  Term facility (3)                                         177,596    -    3,979    +  177,596       182,596 
 

Note: Components may not sum to totals because of rounding.
 

1. Face value of the securities. Includes U.S. Treasury STRIPS and other zero-coupon bonds at face value.
2. Fully collateralized by U.S. Treasury securities.
3. 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, December 24, 2008
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                   181,796      268,423         ---            ---          ---         ---       450,219
Other loans (1)                       112,162       34,961            0        39,507          ---         ---       186,630
U.S. Treasury securities (2)                    
  Holdings                             17,301       22,980       64,478       172,038       97,345     101,871       476,014
  Weekly changes                   +    2,765   -    2,773            0    -       38   -       28  -       50    -      124
Federal agency securities                       
  Holdings                              1,620        3,281          976        11,361        3,640           0        20,878
  Weekly changes                   -    3,324   +      221   -      671    +    5,624   +    1,407           0    +    3,257
Commercial paper held by                        
  Commercial Paper Funding                      
  Facility LLC (3)                          0      332,125            0           ---          ---         ---       332,125
Money market instruments held by                
  LLCs funded through the money                 
  market investor funding                       
  facility (4)                              0            0            0           ---          ---         ---             0
Repurchase agreements (5)              40,000       40,000          ---           ---          ---         ---        80,000
                                                
Reverse repurchase agreements (5)      88,317            0          ---           ---          ---         ---        88,317
  
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. 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.
3. Face value of commercial paper held by Commercial Paper Funding Facility LLC.
4. Face value of money market instruments held by LLCs funded through the Money Market Investor Funding Facility.
5. Cash value of agreements.
 

 

3. Information on Principal Accounts of Maiden Lane LLC
Millions of dollars
Account name Wednesday
Dec 24, 2008
                                                                                                
Net portfolio holdings of Maiden Lane LLC (1)                                                       26,966    
                                                                                                
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)                                   265    
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3)        1,187    
 
1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if
the transaction were to be conducted in an orderly market on the measurement date. Revalued quarterly.
This table reflects valuations as of September 30, 2008. Any assets purchased after this revaluation 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
Account name Wednesday
Dec 24, 2008
                                                                                                
Net portfolio holdings of Maiden Lane II LLC (1)                                                     20,049   
                                                                                                
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)            19,494   
Accrued interest payable to the Federal Reserve Bank of New York (2)                                     20   
Deferred payment and accrued interest payable to subsidiaries of American International         
  Group, Inc. (3)                                                                                     1,002   
 

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 12, 2008. Any assets purchased after this revaluation 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 AIG subsidiaries 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
Account name Wednesday
Dec 24, 2008
                                                                                                
Net portfolio holdings of Maiden Lane III LLC (1)                                                    28,191   
                                                                                                
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)                                     36   
Outstanding principal amount and accrued interest on loan payable to American International     
  Group, Inc. (3)                                                                                     5,019   
 

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 November 25, 2008. Any assets purchased after this revaluation 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
Account name Wednesday
Dec 24, 2008
                                                                                                
Commercial paper holdings, net (1)                                                                  330,353   
Other investments, net                                                                                1,332   
Net portfolio holdings of Commercial Paper Funding Facility LLC                                     331,686   
                                                                                                
Memorandum: Commercial paper holdings, face value                                                   332,125   
                                                                                                
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)           330,125   
Accrued interest payable to the Federal Reserve Bank of New York (2)                                    545   
 

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
Account name Wednesday
Dec 24, 2008
                                                                                                
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: On November 24, 2008, 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. 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
Assets, liabilities, and capital Eliminations
from
consolidation
  Change since
Wednesday
Dec 24, 2008
Wednesday
Dec 17, 2008
Wednesday
Dec 26, 2007
Assets                                                   
Gold certificate account                                         11,037                0                   0
Special drawing rights certificate account                        2,200                0                   0
Coin                                                              1,680       +        3          +      507
Securities, repurchase agreements, term auction          
      credit, and other loans                                 1,213,741       -   14,521          +  392,094
  Securities held outright                                      496,892       +    3,133          -  257,720
    U.S. Treasury (1)                                           476,014       -      124          -  278,598
      Bills (2)                                                  18,423                0          -  223,433
      Notes and bonds, nominal (2)                              410,491                0          -   60,493
      Notes and bonds, inflation-indexed (2)                     41,071                0          +    4,160
      Inflation compensation (3)                                  6,029       -      123          +    1,167
    Federal agency (2)                                           20,878       +    3,257          +   20,878
  Repurchase agreements (4)                                      80,000                0          +   37,500
  Term auction credit                                           450,219       +    2,260          +  430,219
  Other loans                                                   186,630       -   19,914          +  182,095
Net portfolio holdings of Commercial Paper               
  Funding Facility LLC (5)                                      331,686       +   12,843          +  331,686
Net portfolio holdings of LLCs funded through            
  the money market investor funding facility (6)                      0                0                   0
Net portfolio holdings of Maiden Lane LLC (7)                    26,966       +       56          +   26,966
Net portfolio holdings of Maiden Lane II LLC (8)                 20,049       +       18          +   20,049
Net portfolio holdings of Maiden Lane III LLC (9)                28,191       +    8,535          +   28,191
Items in process of collection                       (515)        1,203       +      300          -      678
Bank premises                                                     2,186       +        1          +       58
Other assets (10)                                               619,807       -   60,383          +  566,055
                                                         
      Total assets                                   (515)    2,258,744       -   53,149          +1,364,926
                                                         
Liabilities                                              
Federal Reserve notes, net of F.R. Bank holdings                849,716       +    8,975          +   57,915
Reverse repurchase agreements (11)                               88,317       +   16,389          +   47,775
Deposits                                               (0)    1,241,984       -   44,893          +1,225,626
  Depository institutions                                       819,404       +   17,662          +  807,965
  U.S. Treasury, general account                                118,058       -    2,385          +  113,529
  U.S. Treasury, supplementary financing account                289,247       -   74,930          +  289,247
  Foreign official                                                1,190       +    1,000          +    1,093
  Other                                                (0)       14,085       +   13,760          +   13,792
Deferred availability cash items                     (515)        2,537       +      128          +      321
Other liabilities and accrued dividends (12,13)                  33,673       -   30,961          +   27,884
                                                         
      Total liabilities                              (515)    2,216,227       -   50,362          +1,359,521
                                                         
Capital accounts                                         
Capital paid in                                                  21,071       +        1          +    2,718
Surplus                                                          16,846       -      339          +    1,384
Other capital accounts                                            4,600       -    2,449          +    1,303
                                                         
      Total capital                                              42,517       -    2,787          +    5,405
 

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. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.
5. Refer to table 6 and the note on consolidation accompanying table 9.
6. Refer to table 7 and the note on consolidation accompanying table 9.
7. Refer to table 3 and the note on consolidation accompanying table 9.
8. Refer to table 4 and the note on consolidation accompanying table 9.
9. Refer to table 5 and the note on consolidation accompanying table 9.
10. Includes assets denominated in foreign currencies and any exchange-translation assets, which are
revalued daily at market exchange rates.
11. Cash value of agreements, which are collateralized by U.S. Treasury securities.
12. Includes any exchange-translation liabilities, which are revalued daily at market exchange rates.
13. 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, December 24, 2008
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         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                                           1,680          56          75         133         136         233         213         193          44          55         113         179         249 
Securities, repurchase agreements, term                            
      auction credit, and other loans      1,213,741      64,554     579,315      63,813      37,495     127,954      74,991      57,604      25,032      16,751      24,518      28,922     112,792 
  Securities held outright                   496,892      20,842     176,791      21,695      18,842      45,057      49,440      43,855      17,171       9,381      18,245      20,612      54,962 
    U.S. Treasury (1)                        476,014      19,966     169,363      20,783      18,050      43,164      47,363      42,013      16,449       8,987      17,478      19,746      52,652 
      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)                    457,591      19,193     162,808      19,979      17,352      41,494      45,530      40,387      15,813       8,639      16,802      18,981      50,615 
    Federal agency (2)                        20,878         876       7,428         912         792       1,893       2,077       1,843         721         394         767         866       2,309 
  Repurchase agreements (4)                   80,000       3,356      28,464       3,493       3,034       7,254       7,960       7,061       2,765       1,510       2,937       3,318       8,849 
  Term auction credit                        450,219      16,150     220,434      38,300      15,575      75,130      17,222       5,094       4,698       5,737       2,740       4,335      44,805 
  Other loans                                186,630      24,207     153,626         325          45         512         369       1,594         398         123         596         657       4,177 
Net portfolio holdings of Commercial                               
  Paper Funding Facility LLC (5)             331,686           0     331,686           0           0           0           0           0           0           0           0           0           0 
Net portfolio holdings of LLCs funded                              
  through the money market investor                                
  funding facility (6)                             0           0           0           0           0           0           0           0           0           0           0           0           0 
Net portfolio holdings of Maiden Lane                              
  LLC (7)                                     26,966           0      26,966           0           0           0           0           0           0           0           0           0           0 
Net portfolio holdings of Maiden                                   
  Lane II LLC (8)                             20,049           0      20,049           0           0           0           0           0           0           0           0           0           0 
Net portfolio holdings of Maiden                                   
  Lane III LLC (9)                            28,191           0      28,191           0           0           0           0           0           0           0           0           0           0 
Items in process of collection                 1,717          50           0         223         172          56         224         409          39          91          34         239         179 
Bank premises                                  2,186         124         211          64         151         225         226         207         131         111         274         251         212 
Other assets (10)                            619,807      35,095     157,275      60,021      42,840     164,969      47,972      28,043       6,408      11,907       6,908      12,537      45,834 
Interdistrict settlement account                   0   -  27,300   + 144,574   -  69,678   +   2,533   - 148,393   +  17,303   +  21,889   +   3,650   -   9,916   +  10,584   +   5,813   +  48,940 
                                                                   
      Total assets                         2,259,259      73,118   1,293,150      55,113      83,854     146,082     142,316     109,471      35,717      19,227      42,846      48,676   
 

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. 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. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.
5. Refer to table 6 and the note on consolidation on the following page.
6. Refer to table 7 and the note on consolidation on the following page.
7. Refer to table 3 and the note on consolidation on the following page.
8. Refer to table 4 and the note on consolidation on the following page.
9. Refer to table 5 and the note on consolidation on the following page.
10. Includes assets denominated in foreign currencies and any exchange-translation assets, which are revalued daily at market exchange rates.
 

 

9. Statement of Condition of Each Federal Reserve Bank, December 24, 2008 (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           1,024,543      38,558     358,100      41,448      46,682      81,227     128,949      83,550      29,462      17,631      30,129      55,559     113,249 
  Less: Notes held by F.R. Banks              174,827       5,550      48,964       5,359       7,380      12,291      24,554      13,264       3,484       2,902       3,639      20,932      26,509 
    Federal Reserve notes, net                849,716      33,008     309,136      36,089      39,301      68,936     104,395      70,286      25,977      14,728      26,491      34,627      86,740 
Reverse repurchase agreements (11)             88,317       3,704      31,423       3,856       3,349       8,008       8,787       7,795       3,052       1,667       3,243       3,663       9,769 
Deposits                                    1,241,984      34,261     910,445       9,673      37,464      56,532      25,327      29,234       6,056       1,793      12,436       9,238     109,525 
  Depository institutions                     819,404      34,252     487,977       9,668      37,460      56,459      25,323      29,232       6,047       1,792      12,435       9,238     109,522 
  U.S. Treasury, general account              118,058           0     118,058           0           0           0           0           0           0           0           0           0           0 
  U.S. Treasury, supplementary                                      
    financing account                         289,247           0     289,247           0           0           0           0           0           0           0           0           0           0 
  Foreign official                              1,190           2       1,160           4           3          11           3           2           0           1           0           1           3 
  Other                                        14,085           7      14,003           0           2          62           0           0           9           0           1           0           0 
Deferred availability cash items                3,052          78           0         632         445         211         189         325          54         245         129         326         417 
Other liabilities and accrued                                                 
  dividends (12,13)                            33,673         171      30,901         226         213         552         399         303         152         112         125         183         337 
                                                                    
      Total liabilities                     2,216,742      71,222   1,281,905      50,475      80,772     134,240     139,098     107,943      35,292      18,546      42,423      48,038     206,788 
                                                                    
Capital                                                             
Capital paid in                                21,071         844       5,602       2,315       1,552       5,980       1,612         703         210         324         208         271       1,449 
Surplus                                        16,846       1,049       3,009       1,815       1,291       4,999       1,426         816         180         354         193         364       1,351 
Other capital                                   4,600           3       2,634         507         239         862         180           9          35           3          22           3         101 
                                                                    
      Total liabilities and capital         2,259,259      73,118   1,293,150      55,113      83,854     146,082     142,316     109,471      35,717      19,227      42,846      48,676     209,689 
                              
Note: Components may not sum to totals because of rounding.
 

11. Cash value of agreements, which are collateralized by U.S. Treasury securities.
12. Includes any exchange-translation liabilities, which are revalued daily at market exchange rates.
13. 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 November 24, 2008, the Federal Reserve Board authorized the FRBNY
to extend credit to a series of LLCs funded through the Money Market Investor Funding Facility, which 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
Dec 24, 2008
                                                                                            
Federal Reserve notes outstanding                                                              1,024,543 
  Less: Notes held by F.R. Banks not subject to collateralization                                174,827 
    Federal Reserve notes to be collateralized                                                   849,716 
Collateral held against Federal Reserve notes                                                    849,716 
  Gold certificate account                                                                        11,037 
  Special drawing rights certificate account                                                       2,200 
  U.S. Treasury and agency securities pledged (1)                                                498,178 
  Other assets pledged                                                                           338,301 
                                                                                            
Memo:                                                                                       
Total U.S. Treasury and agency securities (1)                                                    576,892 
  Less: Face value of securities under reverse repurchase agreements                              78,714 
    U.S. Treasury and agency securities eligible to be pledged                                   498,178 
   
Note: Components may not sum to totals because of rounding.
 

1. Includes face value of U.S. Treasury and agency 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