Federal Reserve Statistical Release, H.4.1, Factors Affecting Reserve Balances; title with eagle logo links to Statistical Release home page
Release Date: May 20, 2010
Release dates | Historical data | Data Download Program (DDP) | About | Announcements
Current release  Other formats: Screen reader | ASCII | PDF (21 KB)
Try data download now image link
FEDERAL RESERVE statistical release
H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
                                                                                                 May 20, 2010
 
1. Factors Affecting Reserve Balances of Depository Institutions
Millions of dollars
Reserve Bank credit, related items, and                         Averages of daily figures         Wednesday  
reserve balances of depository institutions at             Week ended   Change from week ended   May 19, 2010
Federal Reserve Banks                                     May 19, 2010 May 12, 2010 May 20, 2009
 
Reserve Bank credit                                        2,339,071   +   28,883   +  173,956    2,333,366
  Securities held outright (1)                             2,065,529   +   23,062   +  979,929    2,063,896
    U.S. Treasury securities                                 776,819   +       43   +  196,253      776,834
      Bills (2)                                               18,423            0            0       18,423
      Notes and bonds, nominal (2)                           712,023            0   +  195,795      712,023
      Notes and bonds, inflation-indexed (2)                  41,125            0   -      128       41,125
      Inflation compensation (3)                               5,247   +       43   +      586        5,263
    Federal agency debt securities (2)                       167,747   -      365   +   93,198      167,577
    Mortgage-backed securities (4)                         1,120,963   +   23,384   +  690,478    1,119,485
  Repurchase agreements (5)                                        0            0            0            0
  Term auction credit                                              0            0   -  428,835            0
  Other loans                                                 76,232   -      954   -   51,699       75,861
    Primary credit                                             5,114   -       36   -   33,041        4,627
    Secondary credit                                             400   -       86   +      380          400
    Seasonal credit                                               44   +        1   +       33           47
    Asset-Backed Commercial Paper Money Market
       Mutual Fund Liquidity Facility                              0            0   -   28,121            0
    Credit extended to American International
       Group, Inc., net (6)                                   26,176   -      632   -   19,532       26,296
    Term Asset-Backed Securities Loan Facility (7)            44,497   -      202   +   28,582       44,491
    Other credit extensions                                        0            0            0            0
  Net portfolio holdings of Commercial Paper
     Funding Facility LLC (8)                                      2            0   -  160,779            2
  Net portfolio holdings of Maiden Lane LLC (9)               28,269   +        8   +    2,577       28,308
  Net portfolio holdings of Maiden Lane II LLC (10)           15,842   +        3   -      310       15,847
  Net portfolio holdings of Maiden Lane III LLC (11)          23,363   +       64   +    3,050       23,372
  Net portfolio holdings of TALF LLC (12)                        439            0   +      439          439
  Preferred interests in AIA Aurora LLC and ALICO
     Holdings LLC (13)                                        25,416            0   +   25,416       25,416
  Float                                                       -1,894   -       11   +       99       -2,129
  Central bank liquidity swaps (14)                            9,205   +    7,890   -  227,254        9,205
  Other Federal Reserve assets (15)                           96,669   -    1,179   +   31,323       93,148
Gold stock                                                    11,041            0            0       11,041
Special drawing rights certificate account                     5,200            0   +    3,000        5,200
Treasury currency outstanding (16)                            42,843   +       14   +      517       42,843

Total factors supplying reserve funds                      2,398,155   +   28,897   +  177,473    2,392,450
 
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.

 
1. Factors Affecting Reserve Balances of Depository Institutions (continued)
Millions of dollars
Reserve Bank credit, related items, and                         Averages of daily figures         Wednesday  
reserve balances of depository institutions at             Week ended   Change from week ended   May 19, 2010
Federal Reserve Banks                                     May 19, 2010 May 12, 2010 May 20, 2009
 
Currency in circulation (16)                                 937,574   -       61   +   32,805      938,179
Reverse repurchase agreements (17)                            56,326   +    2,085   -   13,442       55,764
  Foreign official and international accounts                 56,326   +    2,085   -   13,442       55,764
  Dealers                                                          0            0            0            0
Treasury cash holdings                                           187   +        2   -      105          194
Deposits with F.R. Banks, other than reserve balances        238,515   -    3,144   -   22,710      234,635
  U.S. Treasury, general account                              21,159   -   13,146   -   28,679       30,213
  U.S. Treasury, supplementary financing account             199,959   +        1   +       29      199,959
  Foreign official                                             1,604   +      124   -    1,111        1,478
  Service-related                                              2,663   -        2   -    1,679        2,663
    Required clearing balances                                 2,663   -        2   -    1,679        2,663
    Adjustments to compensate for float                            0            0            0            0
  Other                                                       13,130   +    9,879   +    8,730          322
Other liabilities and capital (18)                            73,355   +    2,660   +   22,985       70,963

Total factors, other than reserve balances,
   absorbing reserve funds                                 1,305,956   +    1,541   +   19,533    1,299,734

Reserve balances with Federal Reserve Banks                1,092,199   +   27,356   +  157,940    1,092,716
 
Note: Components may not sum to totals because of rounding.

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

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

 
1A. Memorandum Items
Millions of dollars
                                                                Averages of daily figures         Wednesday  
                                                           Week ended   Change from week ended   May 19, 2010
Memorandum item                                           May 19, 2010 May 12, 2010 May 20, 2009
 
Marketable securities held in custody for foreign
   official and international accounts (1)                 3,056,634   -    7,138   +  347,063    3,059,194
  U.S. Treasury securities                                 2,261,485   -   11,588   +  367,393    2,262,707
  Federal agency securities (2)                              795,149   +    4,450   -   20,330      796,486
Securities lent to dealers                                     4,084   +      852   -   32,634        4,762
  Overnight facility (3)                                       4,084   +      852   -       84        4,762
    U.S. Treasury securities                                   2,836   +      785   -    1,332        3,508
    Federal agency debt securities                             1,249   +       69   +    1,249        1,254
  Term facility (4)                                                0            0   -   32,550            0
 
Note: Components may not sum to totals because of rounding.

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

 
2. Maturity Distribution of Securities, Loans, and Selected Other Assets and Liabilities,       May 19, 2010
Millions of dollars
                                       Within 15    16 days to   91 days to  Over 1 year  Over 5 years    Over 10        All     
Remaining maturity                        days       90 days       1 year     to 5 years   to 10 years     years    
 
Other loans (1)                            5,073            1            0       70,787            0           ...       75,861
U.S. Treasury securities (2)
  Holdings                                17,097       15,271       46,915      340,378      213,483       143,691      776,834
  Weekly changes                      -    2,186   -      181   -    4,427   +   12,836   -    4,760    -    1,240   +       42
Federal agency debt securities (3)
  Holdings                                   862        9,504       37,335       83,981       33,548         2,347      167,577
  Weekly changes                      +      127   +    1,508   +    3,072   -    5,242            0             0   -      535
Mortgage-backed securities (4)
  Holdings                                     0            0            0           32           20     1,119,433    1,119,485
  Weekly changes                               0            0            0   -        1            0    +   21,131   +   21,130
Commercial paper held by
   Commercial Paper Funding
   Facility LLC (5)                            0            0            0          ...          ...           ...            0
Asset-backed securities held by
   TALF LLC (6)                                0            0            0            0            0             0            0
Repurchase agreements (7)                      0            0          ...          ...          ...           ...            0
Central bank liquidity swaps (8)           9,205            0            0            0            0             0        9,205

Reverse repurchase agreements (7)         55,764            0          ...          ...          ...           ...       55,764
 
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
                                                                                                                        Wednesday   
Account name                                                                                                           May 19, 2010 
 
Mortgage-backed securities held outright (1)                                                                           1,119,485

Commitments to buy mortgage-backed securities (2)                                                                         38,230
Commitments to sell mortgage-backed securities (2)                                                                             0

Cash and cash equivalents (3)                                                                                                624
 
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
                                                                                                                        Wednesday   
Account name                                                                                                           May 19, 2010 
 
Net portfolio holdings of Maiden Lane LLC (1)                                                                             28,308

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)                                                         487
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3)                              1,273
 
1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to
   be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of
       March 31, 2010. Any assets purchased after this valuation date are initially recorded at cost until their estimated fair
   value as of the purchase date becomes available.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent
   with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 11.
3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities
   and accrued dividends in table 10 and table 11.

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

 
5. Information on Principal Accounts of Maiden Lane II LLC
Millions of dollars
                                                                                                                        Wednesday   
Account name                                                                                                           May 19, 2010 
 
Net portfolio holdings of Maiden Lane II LLC (1)                                                                          15,847

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                 14,532
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                         338
Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc. (3)                    1,049
 
1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to
   be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of
       March 31, 2010. Any assets purchased after this valuation date are initially recorded at cost until their estimated fair
   value as of the purchase date becomes available.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent
   with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 11.
3. Book value. The deferred payment represents the portion of the proceeds of the net portfolio holdings due to subsidiaries of
   American International Group, Inc. in accordance with the asset purchase agreement. The fair value of this payment and accrued
   interest payable are included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table
   10 and table 11.

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

 
6. Information on Principal Accounts of Maiden Lane III LLC
Millions of dollars
                                                                                                                        Wednesday   
Account name                                                                                                           May 19, 2010 
 
Net portfolio holdings of Maiden Lane III LLC (1)                                                                         23,372

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                 16,206
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                         423
Outstanding principal amount and accrued interest on loan payable to American International Group, Inc. (3)                5,257
 
1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to
   be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of
       March 31, 2010. Any assets purchased after this valuation date are initially recorded at cost until their estimated fair
   value as of the purchase date becomes available.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent
   with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 11.
3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities
   and accrued dividends in table 10 and table 11.

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

 
7. Information on Principal Accounts of Commercial Paper Funding Facility LLC
Millions of dollars
                                                                                                                        Wednesday   
Account name                                                                                                           May 19, 2010 
 
Commercial paper holdings, net (1)                                                                                             0
Other investments, net                                                                                                         2
Net portfolio holdings of Commercial Paper Funding Facility LLC                                                                2

Memorandum: Commercial paper holdings, face value                                                                              0

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                      0
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                           0
 
1. Book value, which includes amortized cost and related fees.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent
   with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 11.

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

 
8. Information on Principal Accounts of TALF LLC
Millions of dollars
                                                                                                                        Wednesday   
Account name                                                                                                           May 19, 2010 
 
Asset-backed securities holdings (1)                                                                                           0
Other investments, net                                                                                                       439
Net portfolio holdings of TALF LLC                                                                                           439

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                      0
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                           0
Funding provided by U.S. Treasury to TALF LLC, including accrued interest payable (3)                                        104
 
1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to
   be conducted in an orderly market on the measurement date.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent
   with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 11.
3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities
   and accrued dividends in table 10 and table 11.

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

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

 
9. Supplemental Information on the Federal Reserve Bank of New York's Preferred Interests in
AIA Aurora LLC and ALICO Holdings LLC
Millions of dollars
                                                                                                                        Wednesday   
Account name                                                                                                           May 19, 2010 
 
Preferred interests in AIA Aurora LLC and ALICO Holdings LLC (1)                                                          25,416
Accrued dividends on preferred interests in AIA Aurora LLC and ALICO Holdings LLC (2)                                        171

Preferred interests in AIA Aurora LLC (1)                                                                                 16,266
Accrued dividends on preferred interests in AIA Aurora LLC (2)                                                               109

Preferred interests in ALICO Holdings LLC (1)                                                                              9,150
Accrued dividends on preferred interests in ALICO Holdings LLC (2)                                                            61
 
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
                                                       Eliminations from  Wednesday         Change since       
                                                        consolidation   May 19, 2010   Wednesday    Wednesday  
Assets, liabilities, and capital                                                      May 12, 2010 May 20, 2009
 
Assets
  Gold certificate account                                                  11,037             0            0
  Special drawing rights certificate account                                 5,200             0   +    3,000
  Coin                                                                       2,042    -       23   +      224
  Securities, repurchase agreements, term auction
     credit, and other loans                                             2,139,758    +   19,864   +  493,148
    Securities held outright (1)                                         2,063,896    +   20,638   +  972,470
      U.S. Treasury securities                                             776,834    +       42   +  193,563
        Bills (2)                                                           18,423             0            0
        Notes and bonds, nominal (2)                                       712,023             0   +  193,098
        Notes and bonds, inflation-indexed (2)                              41,125             0   -      128
        Inflation compensation (3)                                           5,263    +       43   +      592
      Federal agency debt securities (2)                                   167,577    -      535   +   90,903
      Mortgage-backed securities (4)                                     1,119,485    +   21,130   +  688,005
    Repurchase agreements (5)                                                    0             0            0
    Term auction credit                                                          0             0   -  428,835
    Other loans                                                             75,861    -      775   -   50,488
  Net portfolio holdings of Commercial Paper
     Funding Facility LLC (6)                                                    2             0   -  157,081
  Net portfolio holdings of Maiden Lane LLC (7)                             28,308    +       46   +    2,625
  Net portfolio holdings of Maiden Lane II LLC (8)                          15,847    +        6   -      316
  Net portfolio holdings of Maiden Lane III LLC (9)                         23,372    +       11   +    3,007
  Net portfolio holdings of TALF LLC (10)                                      439             0   +      439
  Preferred interests in AIA Aurora LLC and ALICO
     Holdings LLC (11)                                                      25,416             0   +   25,416
  Items in process of collection                             (44)              229    +       69   -      178
  Bank premises                                                              2,238    +        1   +       42
  Central bank liquidity swaps (12)                                          9,205             0   -  225,907
  Other assets (13)                                                         91,271    -    5,157   +   26,784

Total assets                                                 (44)        2,354,364    +   14,817   +  171,203
 
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
                                                       Eliminations from  Wednesday         Change since       
                                                        consolidation   May 19, 2010   Wednesday    Wednesday  
Assets, liabilities, and capital                                                      May 12, 2010 May 20, 2009
 
Liabilities
  Federal Reserve notes, net of F.R. Bank holdings                         897,568    -    1,113   +   31,103
  Reverse repurchase agreements (14)                                        55,764    -      883   -   11,994
  Deposits                                                    (0)        1,327,711    +   16,869   +  131,749
    Depository institutions                                              1,095,739    +    2,894   +  140,519
    U.S. Treasury, general account                                          30,213    +   13,920   -    7,716
    U.S. Treasury, supplementary financing account                         199,959    +        1   +       29
    Foreign official                                                         1,478    +       65   -    1,123
    Other                                                     (0)              322    -       11   +       40
  Deferred availability cash items                           (44)            2,359    -       13   -      445
  Other liabilities and accrued dividends (15)                              15,941    -      269   +    9,573

Total liabilities                                            (44)        2,299,342    +   14,589   +  159,985

Capital accounts
  Capital paid in                                                           26,423    +       37   +    2,596
  Surplus                                                                   25,636    +       22   +    7,092
  Other capital accounts                                                     2,964    +      170   +    1,531

Total capital                                                               55,022    +      228   +   11,218
 
Note: Components may not sum to totals because of rounding.

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


 
11. Statement of Condition of Each Federal Reserve Bank,       May 19, 2010
Millions of dollars
                                               Total      Boston     New York   Philadelphia Cleveland   Richmond     Atlanta     Chicago    St. Louis  Minneapolis   Kansas      Dallas        San    
Assets, liabilities, and capital                                                                                                                                       City                  Francisco 
 
Assets
  Gold certificate account                      11,037         369       4,038         404         463         846       1,385         887         324         203         296         652       1,170
  Special drawing rights certificate acct.       5,200         196       1,818         210         237         412         654         424         150          90         153         282         574
  Coin                                           2,042          71          79         167         147         298         187         322          27          65         144         199         337
  Securities, repurchase agreements,
     term auction credit, and other
     loans                                   2,139,758      52,232     917,917      48,221      70,122     235,056     195,329     155,610      53,167      28,276      70,803      86,666     226,358
    Securities held outright (1)             2,063,896      52,230     842,179      48,198      70,122     235,056     195,302     155,590      53,162      28,254      70,800      86,664     226,340
      U.S. Treasury securities                 776,834      19,659     316,990      18,141      26,393      88,473      73,510      58,563      20,010      10,635      26,649      32,620      85,192
        Bills (2)                               18,423         466       7,517         430         626       2,098       1,743       1,389         475         252         632         774       2,020
        Notes and bonds (3)                    758,412      19,193     309,472      17,711      25,768      86,375      71,767      57,174      19,535      10,382      26,017      31,846      83,172
      Federal agency debt securities (2)       167,577       4,241      68,380       3,913       5,694      19,085      15,857      12,633       4,316       2,294       5,749       7,037      18,378
      Mortgage-backed securities (4)         1,119,485      28,330     456,809      26,143      38,035     127,497     105,934      84,394      28,836      15,326      38,403      47,008     122,770
    Repurchase agreements (5)                        0           0           0           0           0           0           0           0           0           0           0           0           0
    Term auction credit                              0           0           0           0           0           0           0           0           0           0           0           0           0
    Other loans                                 75,861           2      75,738          23           0           0          27          20           4          22           3           2          18
  Net portfolio holdings of Commercial
     Paper Funding Facility LLC (6)                  2           0           2           0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of Maiden
     Lane LLC (7)                               28,308           0      28,308           0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of Maiden
     Lane II LLC (8)                            15,847           0      15,847           0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of Maiden
     Lane III LLC (9)                           23,372           0      23,372           0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of TALF LLC (10)          439           0         439           0           0           0           0           0           0           0           0           0           0
  Preferred interests in AIA Aurora LLC
     and ALICO Holdings LLC (11)                25,416           0      25,416           0           0           0           0           0           0           0           0           0           0
  Items in process of collection                   273          11           0          21          57           5          62          20           4          26           9          39          20
  Bank premises                                  2,238         123         260          70         143         238         220         211         136         109         266         250         212
  Central bank liquidity swaps (12)              9,205         339       2,672       1,006         686       2,563         568         222          86         256          75         127         606
  Other assets (13)                             91,271       2,593      34,739       4,166       4,041      14,245       7,780       5,584       1,978       1,602       2,498       3,155       8,890
  Interdistrict settlement account                   0   -  10,285   + 108,814   +  20,290   -  18,366   +  56,882   -  52,816   -  41,407   -  16,579   +  20,816   -  22,214   -  15,424   -  29,711

Total assets                                 2,354,408      45,649   1,163,721      74,554      57,530     310,544     153,368     121,873      39,292      51,444      52,031      75,946     208,456
 
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.

 
11. Statement of Condition of Each Federal Reserve Bank,       May 19, 2010 (continued)
Millions of dollars
                                               Total      Boston     New York   Philadelphia Cleveland   Richmond     Atlanta     Chicago    St. Louis  Minneapolis   Kansas      Dallas        San    
Assets, liabilities, and capital                                                                                                                                       City                  Francisco 
 
Liabilities
  Federal Reserve notes outstanding          1,077,863      34,846     392,177      38,745      44,475      84,307     135,621      86,788      32,129      20,050      29,476      65,449     113,800
    Less: Notes held by F.R. Banks             180,296       4,253      57,681       5,749       9,391      12,626      29,699      11,956       4,655       3,044       3,395      12,334      25,513
      Federal Reserve notes, net               897,568      30,593     334,495      32,996      35,083      71,681     105,922      74,832      27,475      17,006      26,081      53,115      88,288
  Reverse repurchase agreements (14)            55,764       1,411      22,755       1,302       1,895       6,351       5,277       4,204       1,436         763       1,913       2,342       6,115
  Deposits                                   1,327,711      11,443     779,462      34,138      15,795     218,746      38,070      40,769       9,586      31,570      23,207      19,153     105,769
    Depository institutions                  1,095,739      11,441     547,652      34,134      15,791     218,639      38,068      40,740       9,584      31,569      23,206      19,152     105,763
    U.S. Treasury, general account              30,213           0      30,213           0           0           0           0           0           0           0           0           0           0
    U.S. Treasury, supplementary
       financing account                       199,959           0     199,959           0           0           0           0           0           0           0           0           0           0
    Foreign official                             1,478           1       1,450           4           3          11           2           1           0           1           0           1           3
    Other                                          322           1         189           0           2          96           0          28           2           0           1           0           3
  Deferred availability cash items               2,403          65           0         206         573          81         156         166          53         384         116         117         486
  Other liabilities and accrued
     dividends (15)                             15,941         242      11,202         291         323         968         667         536         224         170         240         327         751

Total liabilities                            2,299,386      43,756   1,147,915      68,933      53,669     297,827     150,092     120,507      38,774      49,893      51,558      75,054     201,409

Capital
  Capital paid in                               26,423         916       7,543       2,947       1,906       5,452       1,548         624         239         803         211         414       3,819
  Surplus                                       25,636         945       7,563       2,674       1,910       7,140       1,581         620         240         712         210         353       1,688
  Other capital                                  2,964          32         700           0          43         126         147         122          40          36          53         126       1,540

Total liabilities and capital                2,354,408      45,649   1,163,721      74,554      57,530     310,544     153,368     121,873      39,292      51,444      52,031      75,946     208,456
 
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.

11. Statement of Condition of Each Federal Reserve Bank,       May 19, 2010 (continued)
1. Includes securities lent to dealers under the overnight and term securities lending facilities; refer to table 1A.
2. Face value of the securities.
3. Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face value of such securities.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the underlying mortgages.
5. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.
6. Refer to table 7 and the note on consolidation below.
7. Refer to table 4 and the note on consolidation below.
8. Refer to table 5 and the note on consolidation below.
9.  Refer to table 6 and the note on consolidation below.
10. Refer to table 8 and the note on consolidation below.
11. Refer to table 9.
12. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals
    the market exchange rate used when the foreign currency was acquired from the foreign central bank.
13. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates, accrued dividends on the Federal Reserve Bank of New York's (FRBNY) preferred interests
    in AIA Aurora LLC and ALICO Holdings LLC, and the fair value adjustment to credit extended by the FRBNY to eligible borrowers through the Term Asset-Backed Securities Loan Facility.
14. Cash value of agreements, which are collateralized by U.S. Treasury securities and federal agency debt securities.
15. Includes the liabilities of Commercial Paper Funding Facility LLC, Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to entities other than the Federal Reserve Bank of New
    York, including liabilities that have recourse only to the portfolio holdings of these LLCs. Refer to table 4 through table 8 and the note on consolidation below.


Note on consolidation:

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

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

 
12. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts
Millions of dollars
                                                                                            Wednesday   
Federal Reserve notes and collateral                                                       May 19, 2010 
 
Federal Reserve notes outstanding                                                          1,077,863
  Less: Notes held by F.R. Banks not subject to collateralization                            180,296
    Federal Reserve notes to be collateralized                                               897,568
Collateral held against Federal Reserve notes                                                897,568
  Gold certificate account                                                                    11,037
  Special drawing rights certificate account                                                   5,200
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   881,331
  Other assets pledged                                                                             0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                     2,063,896
  Less: Face value of securities under reverse repurchase agreements                          54,964
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged      2,008,932
 
Note: Components may not sum to totals because of rounding.

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

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

Statistical releases