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Release Date:  January 28, 2010
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FEDERAL RESERVE statistical release
 

H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
January 28, 2010
1. Factors Affecting Reserve Balances of Depository Institutions
Millions of dollars
Reserve Bank credit, related items, and
reserve balances of depository institutions at
Federal Reserve Banks
Averages of daily figures Wednesday
Jan 27, 2010
Week ended
Jan 27, 2010
Change from week ended
Jan 20, 2010 Jan 28, 2009
                                                                
Reserve Bank credit                                         2,234,676    +    3,827    +  245,017     2,229,248 
  Securities held outright (1)                              1,912,690    +    6,501    +1,403,997     1,910,020 
    U.S. Treasury securities                                  776,616    +        7    +  301,416       776,619 
      Bills (2)                                                18,423             0             0        18,423 
      Notes and bonds, nominal (2)                            708,872    +      175    +  295,958       708,872 
      Notes and bonds, inflation-indexed (2)                   43,777    -      124    +    4,399        43,777 
      Inflation compensation (3)                                5,544    -       44    +    1,058         5,547 
    Federal agency debt securities (2)                        162,833    +    1,650    +  136,165       163,673 
    Mortgage-backed securities (4)                            973,241    +    4,843    +  966,417       969,728 
  Repurchase agreements (5)                                         0             0    -   17,143             0 
  Term auction credit                                          38,531             0    -  377,328        38,531 
  Other loans                                                  87,375    +    1,213    -   62,634        87,906 
    Primary credit                                             14,855    -      257    -   50,135        14,759 
    Secondary credit                                              985    +       12    +      951           999 
    Seasonal credit                                                0            0   -        1            1 
    Primary dealer and other broker-dealer credit (6)               0             0    -   32,054             0 
    Asset-Backed Commercial Paper Money Market                  
      Mutual Fund Liquidity Facility                                0             0    -   14,593             0 
    Credit extended to American International                   
      Group, Inc., net (7)                                     24,440    +    2,020    -   13,896        25,825 
    Term Asset-Backed Securities Loan Facility, net (8)        47,094    -      563    +   47,094        46,321 
    Other credit extensions                                         0             0             0             0 
  Net portfolio holdings of Commercial Paper                    
    Funding Facility LLC (9)                                   11,199    -    2,614    -  305,002         8,655 
  Net portfolio holdings of Maiden Lane LLC (10)               26,761    +       17    -      219        26,778 
  Net portfolio holdings of Maiden Lane II LLC (11)            15,426    +       20    -    4,266        15,493 
  Net portfolio holdings of Maiden Lane III LLC (12)           22,472    +       61    -    4,565        22,482 
  Net portfolio holdings of TALF LLC (13)                         329    +       31    +      329           334 
  Preferred interests in AIA Aurora LLC and ALICO               
    Holdings LLC (14)                                          25,106             0    +   25,106        25,106 
  Float                                                        -1,983    +        1    +       34        -2,108 
  Central bank liquidity swaps (15)                               175    -    1,075    -  465,678           175 
  Other Federal Reserve assets (16)                            96,595    -      328    +   52,384        95,876 
Gold stock                                                     11,041             0             0        11,041 
Special drawing rights certificate account                      5,200             0    +    3,000         5,200 
Treasury currency outstanding (17)                             42,740    +       14    +    1,011        42,740 
                                                                
Total factors supplying reserve funds                       2,293,657    +    3,842    +  249,027     2,288,229 
 

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 balances of depository institutions at
Federal Reserve Banks
Reserve Bank credit, related items, and
Averages of daily figures Wednesday
Jan 27, 2010
Week ended
Jan 27, 2010
Change from week ended
Jan 20, 2010 Jan 28, 2009
                                                              
Currency in circulation (17)                                917,935    -    1,351    +   30,832       918,657 
Reverse repurchase agreements (18)                           57,327    -    6,710    -   15,804        57,794 
  Foreign official and international accounts                57,327    -    6,710    -   15,804        57,794 
  Dealers                                                         0             0             0             0 
Treasury cash holdings                                          248    -        6    -       39           233 
Deposits with F.R. Banks, other than reserve balances       146,877    -   12,282    -   91,568       138,366 
  U.S. Treasury, general account                            135,038    -    8,870    +   79,499       126,772 
  U.S. Treasury, supplementary financing account              5,001             0    -  169,839         5,001 
  Foreign official                                            3,573    +      413    +    3,405         3,466 
  Service-related                                             2,761             0    -    1,643         2,761 
    Required clearing balances                                2,761             0    -    1,643         2,761 
    Adjustments to compensate for float                           0             0             0             0 
  Other                                                         505    -    3,824    -    2,990           367 
Other liabilities and capital (19)                           66,725    -    1,424    +   16,296        65,234 
                                                              
Total factors, other than reserve balances,                                                       
   absorbing reserve funds                                1,189,113    -   21,771    -   60,283     1,180,284 
                                                              
Reserve balances with Federal Reserve Banks               1,104,544    +   25,613    +  309,310     1,107,945 
                                                                
Note: Components may not sum to totals because of rounding.
 

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

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

 

1A. Memorandum Items
Millions of dollars

Memorandum item
Averages of daily figures Wednesday
Jan 27, 2010
Week ended
Jan 27, 2010
Change from week ended
Jan 20, 2010 Jan 28, 2009
                                                              
Marketable securities held in custody for foreign             
      official and international accounts (1)             2,948,113    +    2,307    +  399,843     2,948,980 
  U.S. Treasury securities                                2,179,464    +      732    +  442,465     2,179,714 
  Federal agency securities (2)                             768,650    +    1,576    -   42,620       769,266 
Securities lent to dealers                                    4,883    -    1,334    -  127,570         4,108 
  Overnight facility (3)                                      4,883    -    1,334    -    2,476         4,108 
    U.S. Treasury securities                                  4,383    -    1,339    -    2,976         3,543 
    Federal agency debt securities                              500    +        5    +      500           565 
  Term facility (4)                                               0             0    -  125,094             0 
 

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

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

 

 

 

 

 

2. Maturity Distribution of Term Auction Credit, Other Loans, and Securities, January 27, 2010
Millions of dollars
Remaining maturity
Within 15
days
16 days to
90 days
91 days to
1 year
Over 1 year
to 5 years
Over 5 years
to 10 years
Over 10
years
All
 
Term auction credit                    38,531            0         ---            ---          ---         ---        38,531
Other loans (1)                        15,330          430            0        72,146            0         ---        87,906
U.S. Treasury securities (2)                    
  Holdings                             16,564       26,640       46,210       327,157      214,778     145,270       776,619
  Weekly changes                   +    2,157   -    2,156   +        1    +        2   +        2  +        3    +        8
Federal agency debt securities (3)                        
  Holdings                                813        2,318       24,279       100,545       33,371       2,347       163,673
  Weekly changes                   +      813   -      813   +    1,261    +      209            0           0    +    1,470
Mortgage-backed securities (4)                            
  Holdings                                  0            0            0             0            0     969,728       969,728
  Weekly changes                            0            0            0             0            0  -    1,173    -    1,173
Commercial paper held by                        
  Commercial Paper Funding                      
  Facility LLC (5)                        977        2,966            0           ---          ---         ---         3,943
Asset-backed securities held by                 
  TALF LLC (6)                              0            0            0             0            0           0             0
Repurchase agreements (7)                   0            0          ---           ---          ---         ---             0
Central bank liquidity swaps (8)           75          100            0             0            0           0           175
                                                
Reverse repurchase agreements (7)      57,794            0          ---           ---          ---         ---        57,794
  
Note: Components may not sum to totals because of rounding.
--- Not applicable.
 

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

 

3. Supplemental Information on Mortgage-Backed Securities Purchase Program
Millions of dollars
Account name Wednesday
Jan 27, 2010
                                                                                                
Mortgage-backed securities held outright (1)                                                       969,728    
                                                                                                
Commitments to buy mortgage-backed securities (2)                                                  135,161    
Commitments to sell mortgage-backed securities (2)                                                   2,000    
                                                                                                
Cash and cash equivalents (3)                                                                          656    
 

1. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the
remaining principal balance of the underlying mortgages.
2. Current face value. Generally settle within 180 days and include commitments associated with outright
transactions as well as dollar rolls.
3. This amount is included in other Federal Reserve assets in table 1 and in other assets in table 10 and table 11.
 

 

4. Information on Principal Accounts of Maiden Lane LLC
Millions of dollars
Account name Wednesday
Jan 27, 2010
                                                                                                
Net portfolio holdings of Maiden Lane LLC (1)                                                       26,778    
                                                                                                
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)                                   424    
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3)        1,253    
 
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, 2009. Any assets purchased after this valuation date
are initially recorded at cost until their estimated fair value as of the purchase date becomes available.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement
of condition consistent with consolidation under generally accepted accounting principles. Refer to
the note on consolidation accompanying table 11.
3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1
and in other liabilities and accrued dividends in table 10 and table 11.
 

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

 

 

5. Information on Principal Accounts of Maiden Lane II LLC
Millions of dollars
Account name Wednesday
Jan 27, 2010
                                                                                                
Net portfolio holdings of Maiden Lane II LLC (1)                                                     15,493   
                                                                                                
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)            15,479   
Accrued interest payable to the Federal Reserve Bank of New York (2)                                    280   
Deferred payment and accrued interest payable to subsidiaries of American International         
  Group, Inc. (3)                                                                                     1,039   
 

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, 2009. Any assets purchased after this valuation date
are initially recorded at cost until their estimated fair value as of the purchase date becomes available.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement
of condition consistent with consolidation under generally accepted accounting principles. Refer to the
note on consolidation accompanying table 11.
3. Book value. The deferred payment represents the portion of the proceeds of the net portfolio holdings due
to subsidiaries of American International Group, Inc. in accordance with the asset purchase agreement.
The fair value of this payment and accrued interest payable are included in other liabilities and capital
in table 1 and in other liabilities and accrued dividends in table 10 and table 11.
 

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

 

6. Information on Principal Accounts of Maiden Lane III LLC
Millions of dollars
Account name Wednesday
Jan 27, 2010
                                                                                                
Net portfolio holdings of Maiden Lane III LLC (1)                                                    22,482   
                                                                                                
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)            17,743   
Accrued interest payable to the Federal Reserve Bank of New York (2)                                    357   
Outstanding principal amount and accrued interest on loan payable to American International     
  Group, Inc. (3)                                                                                     5,206   
 

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, 2009. Any assets purchased after this valuation date
are initially recorded at cost until their estimated fair value as of the purchase date becomes available.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement
of condition consistent with consolidation under generally accepted accounting principles. Refer to the
note on consolidation accompanying table 11.
3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1
and in other liabilities and accrued dividends in table 10 and table 11.
 

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

 

7. Information on Principal Accounts of Commercial Paper Funding Facility LLC
Millions of dollars
Account name Wednesday
Jan 27, 2010
                                                                                                
Commercial paper holdings, net (1)                                                                    3,787   
Other investments, net                                                                                4,868   
Net portfolio holdings of Commercial Paper Funding Facility LLC                                       8,655   
                                                                                                
Memorandum: Commercial paper holdings, face value                                                     3,943   
                                                                                                
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)             3,911   
Accrued interest payable to the Federal Reserve Bank of New York (2)                                      1   
 

1. Book value, which includes amortized cost and related fees.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of
condition consistent with consolidation under generally accepted accounting principles. Refer to the
note on consolidation accompanying table 11.
 

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

 

8. Information on Principal Accounts of TALF LLC
Millions of dollars
Account name Wednesday
Jan 27, 2010
                                                                                                
Asset-backed securities holdings (1)                                                                      0   
Other investments, net                                                                                  334   
Net portfolio holdings of TALF LLC                                                                      334   
                                                                                                
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                 0   
Accrued interest payable to the Federal Reserve Bank of New York (2)                                      0   
Funding provided by U.S. Treasury to TALF LLC, including accrued interest payable (3)                   103   
 

1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if
the transaction were to be conducted in an orderly market on the measurement date.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of
condition consistent with consolidation under generally accepted accounting principles. Refer to the note
on consolidation accompanying table 11.
3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1
and in other liabilities and accrued dividends in table 10 and table 11.
 

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

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

 

9. Supplemental Information on the Federal Reserve Bank of New York's Preferred Interests in AIA Aurora LLC and
ALICO Holdings LLC
Millions of dollars
Account name Wednesday
Jan 27, 2010
                                                                                                
Preferred interests in AIA Aurora LLC and ALICO Holdings LLC (1)                                     25,106   
Accrued dividends on preferred interests in AIA Aurora LLC and ALICO Holdings LLC (2)                    93   
                                                                                                
Preferred interests in AIA Aurora LLC (1)                                                            16,068   
Accrued dividends on preferred interests in AIA Aurora LLC (2)                                           59   
                                                                                                
Preferred interests in ALICO Holdings LLC (1)                                                         9,038   
Accrued dividends on preferred interests in ALICO Holdings LLC (2)                                       33   
 

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

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

Note on preferred interests:
 

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

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

 

10. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of dollars
Assets, liabilities, and capital Eliminations
from
consolidation
  Change since
Wednesday
Jan 27, 2010
Wednesday
Jan 20, 2010
Wednesday
Jan 28, 2009
Assets                                                   
Gold certificate account                                           11,037                0                   0
Special drawing rights certificate account                          5,200                0          +    3,000
Coin                                                                2,230       +       80          +      374
Securities, repurchase agreements, term auction          
      credit, and other loans                                   2,036,457       +    1,267          +  955,165
  Securities held outright (1)                                  1,910,020       +      305          +1,399,149
    U.S. Treasury securities                                      776,619       +        8          +  301,490
      Bills (2)                                                    18,423                0                   0
      Notes and bonds, nominal (2)                                708,872                0          +  295,958
      Notes and bonds, inflation-indexed (2)                       43,777                0          +    4,399
      Inflation compensation (3)                                    5,547       +        8          +    1,132
    Federal agency debt securities (2)                            163,673       +    1,470          +  135,308
    Mortgage-backed securities (4)                                969,728       -    1,173          +  962,351
  Repurchase agreements (5)                                             0                0                   0
  Term auction credit                                              38,531                0          -  377,100
  Other loans                                                      87,906       +      962          -   66,884
Net portfolio holdings of Commercial Paper               
  Funding Facility LLC (6)                                          8,655       -    4,456          -  239,436
Net portfolio holdings of Maiden Lane LLC (7)                      26,778       +       20          +    1,006
Net portfolio holdings of Maiden Lane II LLC (8)                   15,493       +       78          -    3,471
Net portfolio holdings of                                
  Maiden Lane III LLC (9)                                          22,482       +       11          -    4,974
Net portfolio holdings of TALF LLC (10)                               334       +       36          +      334
Preferred interests in AIA Aurora LLC and                
  ALICO Holdings LLC (11)                                          25,106                0          +   25,106
Items in process of collection                         (179)          309       -      358          -      959
Bank premises                                                       2,245       +        2          +       62
Central bank liquidity swaps (12)                                     175       -    1,075          -  465,497
Other assets (13)                                                  93,663       -      535          +   50,905
                                                         
      Total assets                                     (179)    2,250,164       -    4,929          +  321,615
 

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.
 

 

10. Consolidated Statement of Condition of All Federal Reserve Banks (continued)
Millions of dollars
Assets, liabilities, and capital Eliminations
from
consolidation
  Change since
Wednesday
Jan 27, 2010
Wednesday
Jan 20, 2010
Wednesday
Jan 28, 2009
Liabilities                                              
Federal Reserve notes, net of F.R. Bank holdings                  878,375       -      947          +   29,580
Reverse repurchase agreements (14)                                 57,794       -    5,136          -   14,420
Deposits                                                 (0)    1,246,343       +    4,232          +  290,872
  Depository institutions                                       1,110,737       +   47,695          +  370,334
  U.S. Treasury, general account                                  126,772       -   43,665          +   88,055
  U.S. Treasury, supplementary financing account                    5,001                0          -  169,839
  Foreign official                                                  3,466       +      251          +    3,358
  Other                                                  (0)          367       -       48          -    1,036
Deferred availability cash items                       (179)        2,417       -    1,177          -      393
Other liabilities and accrued dividends (15)                       12,864       -    2,284          +    4,314
                                                         
      Total liabilities                                (179)    2,197,793       -    5,313          +  309,953
                                                         
Capital accounts                                         
Capital paid in                                                    25,668       +       19          +    4,097
Surplus                                                            25,294       +      102          +    6,317
Other capital accounts                                              1,408       +      261          +    1,247
                                                         
      Total capital                                                52,371       +      384          +   11,661
 

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

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

 

11. Statement of Condition of Each Federal Reserve Bank, January 27, 2010
Millions of dollars
Assets, liabilities, and capital Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas
City
allas an
rancisco
Assets                                                             
Gold certificate account                      11,037         412       3,895         450         467         882       1,356         911         329         197         335         621       1,182 
Special drawing rights certificate acct.       5,200         196       1,818         210         237         412         654         424         150          90         153         282         574 
Coin                                           2,230          70          85         176         169         315         230         328          40          69         146         238         364 
Securities, repurchase agreements, term                            
      auction credit, and other loans      2,036,457      38,802     862,177      30,352      75,652      69,371     230,637     208,712      75,236      31,889      86,656      92,896     234,077 
  Securities held outright (1)             1,910,020      36,640     746,580      29,632      75,461      68,831     230,131     206,685      74,827      31,621      86,217      92,352     231,042 
    U.S. Treasury securities                 776,619      14,898     303,561      12,049      30,683      27,987      93,572      84,039      30,425      12,857      35,056      37,551      93,942 
      Bills (2)                               18,423         353       7,201         286         728         664       2,220       1,994         722         305         832         891       2,228 
      Notes and bonds (3)                    758,196      14,545     296,360      11,763      29,955      27,323      91,352      82,045      29,703      12,552      34,224      36,660      91,714 
    Federal agency debt securities (2)       163,673       3,140      63,976       2,539       6,466       5,898      19,720      17,711       6,412       2,710       7,388       7,914      19,798 
    Mortgage-backed securities (4)           969,728      18,602     379,043      15,044      38,312      34,946     116,839     104,935      37,990      16,054      43,773      46,888     117,301 
  Repurchase agreements (5)                        0           0           0           0           0           0           0           0           0           0           0           0           0 
  Term auction credit                         38,531       2,025      28,711         563         189         460         388       1,725         395         239         438         540       2,858 
  Other loans                                 87,906         137      86,886         157           2          80         118         302          14          29           1           4         177 
Net portfolio holdings of Commercial                               
  Paper Funding Facility LLC (6)               8,655           0       8,655           0           0           0           0           0           0           0           0           0           0 
Net portfolio holdings of Maiden Lane                              
  LLC (7)                                     26,778           0      26,778           0           0           0           0           0           0           0           0           0           0 
Net portfolio holdings of Maiden                                   
  Lane II LLC (8)                             15,493           0      15,493           0           0           0           0           0           0           0           0           0           0 
Net portfolio holdings of Maiden                                   
  Lane III LLC (9)                            22,482           0      22,482           0           0           0           0           0           0           0           0           0           0 
Net portfolio holdings of TALF LLC (10)          334           0         334           0           0           0           0           0           0           0           0           0           0 
Preferred interests in AIA Aurora LLC                              
  and ALICO Holdings LLC (11)                 25,106           0      25,106           0           0           0           0           0           0           0           0           0           0 
Items in process of collection                   488          21           0          40         170           9          91          24           7          40          32          30          25 
Bank premises                                  2,245         121         262          71         144         237         221         209         136         111         268         253         214 
Central bank liquidity swaps (12)                175           7          47          19          13          50          13           6           2           3           2           2          12 
Other assets (13)                             93,663       2,363      33,397       3,894       4,570       9,830      10,108       8,142       2,922       1,541       3,315       3,625       9,956 
Interdistrict settlement account                   0   +  10,944   + 154,361   +  39,434   -  29,434   + 205,265   -  93,763   - 103,688   -  38,243   -  10,581   -  41,234   -  27,692   -  65,369 
                                                                   
      Total assets                         2,250,343      52,936   1,154,890      74,647      51,988     286,371     149,548     115,067      40,578      23,358      49,672      70,254     181,034 
 

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.
 

 

11. Statement of Condition of Each Federal Reserve Bank, January 27, 2010 (continued)
Millions of dollars
Assets, liabilities, and capital Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas
ity
allas San
rancisco
Liabilities                                                         
Federal Reserve notes outstanding           1,080,612      35,574     397,258      38,199      44,648      82,217     137,195      85,218      32,826      19,382      28,740      63,005     116,351 
  Less: Notes held by F.R. Banks              202,237       4,771      70,774       6,261       8,469      11,365      34,222      13,175       4,549       2,817       3,559      13,722      28,553 
    Federal Reserve notes, net                878,375      30,803     326,484      31,938      36,180      70,852     102,973      72,043      28,277      16,565      25,181      49,283      87,798 
Reverse repurchase agreements (14)             57,794       1,109      22,590         897       2,283       2,083       6,963       6,254       2,264         957       2,609       2,794       6,991 
Deposits                                    1,246,343      18,864     781,527      36,002       8,546     198,758      35,293      34,610       9,204       3,914      21,034      16,956      81,634 
  Depository institutions                   1,110,737      18,856     646,126      35,995       8,542     198,622      35,290      34,575       9,202       3,914      21,032      16,956      81,628 
  U.S. Treasury, general account              126,772           0     126,772           0           0           0           0           0           0           0           0           0           0 
  U.S. Treasury, supplementary                                      
    financing account                           5,001           0       5,001           0           0           0           0           0           0           0           0           0           0 
  Foreign official                              3,466           2       3,436           4           3          11           3           1           0           1           0           1           3 
  Other                                           367           6         192           3           1         125           0          33           1           0           1           0           3 
Deferred availability cash items                2,596          63           0         224         785          67         269         153          48         326         112         131         417 
Other liabilities and accrued                                                 
  dividends (15)                               12,864         183       8,724         193         291         492         705         628         257         150         258         323         661 
                                                                    
      Total liabilities                     2,197,972      51,022   1,139,325      69,253      48,085     272,252     146,204     113,688      40,050      21,911      49,194      69,488     177,500 
                                                                    
Capital                                                             
Capital paid in                                25,668         944       7,442       2,802       1,921       7,140       1,600         619         240         712         208         352       1,688 
Surplus                                        25,294         944       7,467       2,591       1,910       6,979       1,581         619         240         712         210         353       1,687 
Other capital                                   1,408          25         656           0          71           0         164         141          48          22          61          61         158 
                                                                    
      Total liabilities and capital         2,250,343      52,936   1,154,890      74,647      51,988     286,371     149,548     115,067      40,578      23,358      49,672      70,254     181,034 
                              
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.
 

 

11. Statement of Condition of Each Federal Reserve Bank, January 27, 2010 (continued)
 

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

Note on consolidation:
 

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

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

 

12. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts
Millions of dollars
Federal Reserve notes and collateral Wednesday
Jan 27, 2010
                                                                                            
Federal Reserve notes outstanding                                                              1,080,612 
  Less: Notes held by F.R. Banks not subject to collateralization                                202,237 
    Federal Reserve notes to be collateralized                                                   878,375 
Collateral held against Federal Reserve notes                                                    878,375 
  Gold certificate account                                                                        11,037 
  Special drawing rights certificate account                                                       5,200 
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                       862,139 
  Other assets pledged                                                                                 0 
                                                                                            
Memo:                                                                                       
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                         1,910,020 
  Less: Face value of securities under reverse repurchase agreements                              57,124 
    U.S. Treasury, agency debt, and mortgage-backed securities                              
    eligible to be pledged                                                                     1,852,895 
   
Note: Components may not sum to totals because of rounding.
 

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

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