Federal Reserve Statistical Release, H.4.1, Factors Affecting Reserve Balances; title with eagle logo links to Statistical Release home page
Release Date: February 12, 2009
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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
                                                                                          February 12, 2009
1. Factors Affecting Reserve Balances of Depository Institutions
Millions of dollars
Reserve Bank credit, related items, and                            Averages of daily figures
reserve balances of depository institutions at            Week ended   Change from week ended     Wednesday
Federal Reserve Banks                                    Feb 11, 2009  Feb 4, 2009 Feb 13, 2008 Feb 11, 2009

Reserve Bank credit                                       1,830,406   -   10,340   +  971,755    1,826,618
  Securities held outright                                  514,118   +    2,678   -  199,254      514,396       
    U.S. Treasury securities (1)                            474,910   -      124   -  238,462      474,869
      Bills (2)                                              18,423            0   -  181,937       18,423
      Notes and bonds, nominal (2)                          412,914            0   -   57,096      412,914
      Notes and bonds, inflation-indexed (2)                 39,378            0   +      941       39,378
      Inflation compensation (3)                              4,197   -      123   -      368        4,155
    Federal agency debt securities (2)                       31,831   +    2,802   +   31,831       32,150
    Mortgage-backed securities (4)                            7,377            0   +    7,377        7,377
  Repurchase agreements (5)                                       0            0   -   18,357            0
  Term auction credit                                       412,883            0   +  352,883      412,883  
  Other loans                                               143,206   -   10,486   +  143,148      142,851
    Primary credit                                           64,574   -    2,852   +   64,517       65,189
    Secondary credit                                             35   +       30   +       35            2
    Seasonal credit                                               4   +        2   +        3            4
    Primary dealer and other broker-dealer credit (6)        25,805   -    4,459   +   25,805       26,122
    Asset-backed Commercial Paper Money Market
      Mutual Fund Liquidity Facility                         15,111   -    1,870   +   15,111       14,185
    Credit extended to American International
      Group, Inc. (7)                                        37,677   -    1,336   +   37,677       37,350
    Other credit extensions                                       0            0            0            0
  Net portfolio holdings of Commercial Paper 
    Funding Facility LLC (8)                                256,153   -    3,162   +  256,153      251,206
  Net portfolio holdings of LLCs funded through
    the Money Market Investor Funding Facility (9)                0            0            0            0
  Net portfolio holdings of Maiden Lane LLC (10)             25,863   +       78   +   25,863       25,877
  Net portfolio holdings of Maiden Lane II LLC (11)          18,674   -      291   +   18,674       18,630
  Net portfolio holdings of Maiden Lane III LLC (12)         27,528   +       64   +   27,528       27,634
  Float                                                      -2,308   -      512   -    1,281       -2,542
  Central bank liquidity swaps (13)                         389,671   +      880   +  365,671      390,829
  Other Federal Reserve assets (14)                          44,617   +      408   +      726       44,854
Gold stock                                                   11,041            0            0       11,041
Special drawing rights certificate account                    2,200            0            0        2,200
Treasury currency outstanding (15)                           38,758   +       14   +       78       38,758
       
Total factors supplying reserve funds                     1,882,405   -   10,326   +  971,833    1,878,617

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


1. Factors Affecting Reserve Balances of Depository Institutions, continued
Millions of dollars
Reserve Bank credit, related items, and                            Averages of daily figures
reserve balances of depository institutions at            Week ended   Change from week ended     Wednesday
Federal Reserve Banks                                    Feb 11, 2009  Feb 4, 2009 Feb 13, 2008 Feb 11, 2009

Currency in circulation (15)                                889,602   +    4,055   +   75,828      892,585
Reverse repurchase agreements (16)                           70,247   -    5,788   +   33,841       73,284
  Foreign official and international accounts                70,247   -    5,788   +   33,841       73,284
  Dealers                                                         0            0            0            0
Treasury cash holdings                                          273   -       20   -        2          269
Deposits with F.R. Banks, other than reserve balances       269,116   +   49,255   +  256,579      266,695       
  U.S. Treasury, general account                             36,506   -    5,411   +   31,190       20,266
  U.S. Treasury, supplementary financing account            199,950   +   29,988   +  199,950      199,950
  Foreign official                                            2,019   +    1,856   +    1,922        2,728
  Service-related                                             4,432   +        1   -    2,379        4,432
    Required clearing balances                                4,432   +        1   -    2,379        4,432
    Adjustments to compensate for float                           0            0            0            0
  Other                                                      26,209   +   22,820   +   25,896       39,319
Other liabilities and capital (17)                           49,774   +      667   +    7,791       50,077

Total factors, other than reserve balances,                                        
   absorbing reserve funds                                1,279,011   +   48,167   +  374,036    1,282,911

Reserve balances with Federal Reserve Banks                 603,394   -   58,493   +  597,797      595,705
                                                                
Note: Components may not sum to totals because of rounding.

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

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


1A. Memorandum Items 
Millions of dollars
                                                                   Averages of daily figures
Memorandum item                                           Week ended   Change from week ended     Wednesday
                                                         Feb 11, 2009  Feb 4, 2009 Feb 13, 2008 Feb 11, 2009

Marketable securities held in custody for foreign
      official and international accounts (1)             2,560,849   +    6,194   +  447,941    2,561,543
  U.S. Treasury securities                                1,742,951   +    8,353   +  476,271    1,744,290
  Federal agency securities (2)                             817,898   -    2,160   -   28,331      817,253
Securities lent to dealers                                  123,366   -    3,628   +  113,616      120,388   
  Overnight facility (3)                                      6,593   +      229   -    3,157        4,008
  Term facility (4)                                         116,773   -    3,857   +  116,773      116,380

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

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


2. Maturity Distribution of Term Auction Credit, Other Loans, and Securities,  February 11, 2009
Millions of dollars

Remaining maturity                 Within 15  16 days to  91 days to  Over 1 year  Over 5 years  Over 10       All
                                      days     90 days      1 year     to 5 years   to 10 years   years 
Term auction credit                  173,878     239,005         ---          ---           ---        ---     412,883
Other loans (1)                       84,734      20,464          303      37,350           ---        ---     142,851
U.S. Treasury securities (2) 
  Holdings                            19,416      17,935       64,785     174,054        97,278    101,401     474,869
  Weekly changes                  +    3,867  -    3,867   -        4  -       35    -       26 -       47  -      113
Federal agency debt securities (3) 
  Holdings                               990       1,648        1,857      21,433         6,222          0      32,150
  Weekly changes                  +      640  -      640   +      813  +    1,422             0          0  +    2,235
Mortgage-backed securities (4)    
  Holdings                                 0           0            0           0             0      7,377       7,377
  Weekly changes                           0           0            0           0             0          0           0
Commercial paper held by
  Commercial Paper Funding 
  Facility LLC (5)                    34,160     216,387            0         ---           ---        ---     250,547
Money market instruments held by
  LLCs funded through the Money
  Market Investor Funding
  Facility (6)                             0           0            0         ---           ---        ---           0
Repurchase agreements (7)                  0           0          ---         ---           ---        ---           0
Central bank liquidity swaps (8)     261,075     129,754            0           0             0          0     390,829

Reverse repurchase agreements (7)     73,284           0          ---         ---           ---        ---      73,284
  
Note: Components may not sum to totals because of rounding.
---   Not applicable.

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


3. Information on Principal Accounts of Maiden Lane LLC
Millions of dollars
                                                                                                  Wednesday
Account name                                                                                    Feb 11, 2009
         
Net portfolio holdings of Maiden Lane LLC (1)                                                       25,877

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)                                   284
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3)        1,195
 
1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if
   the transaction were to be conducted in an orderly market on the measurement date.  Revalued quarterly. 
   This table reflects valuations as of  December 31, 2008.  Any assets purchased after this valuation date 
   are initially recorded at cost until their estimated fair value as of the purchase date becomes available.
2. Book value.  This amount was eliminated when preparing the Federal Reserve Bank of New York's statement
   of condition consistent with consolidation under generally accepted accounting principles.  Refer to
   the note on consolidation accompanying table 9.
3. Book value.  The fair value of these obligations is included in other liabilities and capital in table 1 
   and in other liabilities and accrued dividends in table 8 and table 9.

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



4. Information on Principal Accounts of Maiden Lane II LLC
Millions of dollars
                                                                                                   Wednesday
Account name                                                                                     Feb 11, 2009

Net portfolio holdings of Maiden Lane II LLC (1)                                                     18,630

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)            18,825
Accrued interest payable to the Federal Reserve Bank of New York (2)                                     60
Deferred payment and accrued interest payable to subsidiaries of American International 
  Group, Inc. (3)                                                                                     1,006

1. Fair value.  Fair value reflects an estimate of the price that would be received upon selling an asset if 
   the transaction were to be conducted in an orderly market on the measurement date.  Revalued quarterly.  
   This table reflects valuations as of  December 31, 2008.  Any assets purchased after this valuation date 
   are initially recorded at cost until their estimated fair value as of the purchase date becomes available.
2. Book value.  This amount was eliminated when preparing the Federal Reserve Bank of New York's statement 
   of condition consistent with consolidation under generally accepted accounting principles.  Refer to the 
   note on consolidation accompanying table 9.
3. Book value.  The deferred payment represents the portion of the proceeds of the net portfolio holdings due 
   to subsidiaries of American International Group, Inc. in accordance with the asset purchase agreement.  
   The fair value of this payment and accrued interest payable are included in other liabilities and capital 
   in table 1 and in other liabilities and accrued dividends in table 8 and table 9.

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


5. Information on Principal Accounts of Maiden Lane III LLC
Millions of dollars
                                                                                                   Wednesday
Account name                                                                                     Feb 11, 2009

Net portfolio holdings of Maiden Lane III LLC (1)                                                    27,634

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)            24,339
Accrued interest payable to the Federal Reserve Bank of New York (2)                                     86
Outstanding principal amount and accrued interest on loan payable to American International
  Group, Inc. (3)                                                                                     5,042

1. Fair value.  Fair value reflects an estimate of the price that would be received upon selling an asset if 
   the transaction were to be conducted in an orderly market on the measurement date.  Revalued quarterly.  
   This table reflects valuations as of  December 31, 2008.  Any assets purchased after this valuation date 
   are initially recorded at cost until their estimated fair value as of the purchase date becomes available.
2. Book value.  This amount was eliminated when preparing the Federal Reserve Bank of New York's statement 
   of condition consistent with consolidation under generally accepted accounting principles.  Refer to the 
   note on consolidation accompanying table 9.
3. Book value.  The fair value of these obligations is included in other liabilities and capital in table 1 
   and in other liabilities and accrued dividends in table 8 and table 9.

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


6. Information on Principal Accounts of Commercial Paper Funding Facility LLC
Millions of dollars
                                                                                                   Wednesday
Account name                                                                                     Feb 11, 2009

Commercial paper holdings, net (1)                                                                  248,951
Other investments, net                                                                                2,255
Net portfolio holdings of Commercial Paper Funding Facility LLC                                     251,206

Memorandum: Commercial paper holdings, face value                                                   250,547

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)           249,190
Accrued interest payable to the Federal Reserve Bank of New York (2)                                    138

1. Book value, which includes amortized cost and related fees.
2. Book value.  This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of 
   condition consistent with consolidation under generally accepted accounting principles.  Refer to the 
   note on consolidation accompanying table 9.

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


7. Information on Principal Accounts of LLCs Funded through the Money Market Investor Funding Facility 
Millions of dollars
                                                                                                   Wednesday
Account name                                                                                     Feb 11, 2009

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

Memorandum: Money market instrument holdings, face value                                                  0

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                 0
Accrued interest payable to the Federal Reserve Bank of New York (2)                                      0
Commercial paper issued by LLCs funded through the Money Market Investor Funding Facility, 
  net of related discounts                                                                                0

1. Book value, which includes amortized cost.
2. Book value.  This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of 
   condition consistent with consolidation under generally accepted accounting principles.  Refer to the note 
   on consolidation accompanying table 9.

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


8. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of dollars
                                                 Eliminations                          Change since
                                                     from       Wednesday        Wednesday        Wednesday
Assets, liabilities, and capital                consolidation Feb 11, 2009      Feb 4, 2009     Feb 13, 2008

Assets
Gold certificate account                                           11,037                0                0
Special drawing rights certificate account                          2,200                0                0
Coin                                                                1,909       -        6       +      529
Securities, repurchase agreements, term auction
      credit, and other loans                                   1,070,130       -    4,056       +  268,722
  Securities held outright                                        514,396       +    2,122       -  198,973
    U.S. Treasury securities (1)                                  474,869       -      113       -  238,500       
      Bills (2)                                                    18,423                0       -  181,937
      Notes and bonds, nominal (2)                                412,914                0       -   57,096
      Notes and bonds, inflation-indexed (2)                       39,378                0       +      941
      Inflation compensation (3)                                    4,155       -      113       -      408
    Federal agency debt securities (2)                             32,150       +    2,235       +   32,150
    Mortgage-backed securities (4)                                  7,377                0       +    7,377
  Repurchase agreements (5)                                             0                0       -   28,000    
  Term auction credit                                             412,883                0       +  352,883
  Other loans                                                     142,851       -    6,179       +  142,812
Net portfolio holdings of Commercial Paper 
  Funding Facility LLC (6)                                        251,206       -    7,458       +  251,206
Net portfolio holdings of LLCs funded through
  the Money Market Investor Funding Facility (7)                        0                0                0
Net portfolio holdings of Maiden Lane LLC (8)                      25,877       +       17       +   25,877
Net portfolio holdings of Maiden Lane II LLC (9)                   18,630       -      338       +   18,630
Net portfolio holdings of 
  Maiden Lane III LLC (10)                                         27,634       +      124       +   27,634
Items in process of collection                         (340)          631       -      268       -      745
Bank premises                                                       2,185       +        5       +       53
Central bank liquidity swaps (11)                                 390,829       +    3,381       +  366,829
Other assets (12)                                                  42,589       +      555       +      615
     
      Total assets                                     (340)    1,844,857       -    8,044       +  959,351

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


8. Consolidated Statement of Condition of All Federal Reserve Banks (continued)
Millions of dollars
                                                 Eliminations                          Change since
                                                     from       Wednesday        Wednesday        Wednesday
Assets, liabilities, and capital                consolidation Feb 11, 2009      Feb 4, 2009     Feb 13, 2008
                         
Liabilities
Federal Reserve notes, net of F.R. Bank holdings                  856,001       +    3,703       +   77,064
Reverse repurchase agreements (13)                                 73,284       -      967       +   34,694
Deposits                                                 (0)      862,321       -   11,166       +  838,917       
  Depository institutions                                         600,057       -   46,939       +  582,033
  U.S. Treasury, general account                                   20,266       -   27,442       +   15,287
  U.S. Treasury, supplementary financing account                  199,950       +   29,988       +  199,950
  Foreign official                                                  2,728       +    2,624       +    2,632
  Other                                                  (0)       39,319       +   30,602       +   39,014
Deferred availability cash items                       (340)        3,173       -      197       +      365
Other liabilities and accrued dividends (14)                        8,695       +      161       +    4,311

      Total liabilities                                (340)    1,803,474       -    8,466       +  955,351
                          
Capital accounts
Capital paid in                                                    21,709       +       15       +    3,223
Surplus                                                            19,539       +      333       +    1,091
Other capital accounts                                                134       +       72       -      315

      Total capital                                                41,382       +      420       +    3,999

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

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


9. Statement of Condition of Each Federal Reserve Bank,  February 11, 2009
Millions of dollars
                                                                                                                                                            Kansas                 San
Assets, liabilities, and capital               Total     Boston   New York Philadelphia Cleveland   Richmond   Atlanta    Chicago   St. Louis  Minneapolis   City      Dallas   Francisco

Assets                        
Gold certificate account                      11,037        424      3,935        453        423        891      1,221        913        344        199        349        636      1,249
Special drawing rights certificate acct.       2,200        115        874         83        104        147        166        212         71         30         66         98        234
Coin                                           1,909         62         83        157        155        262        244        216         50         62        132        199        286
Securities, repurchase agreements, term
      auction credit, and other loans      1,070,130     50,876    513,135     61,403     27,944    112,738     67,392     53,674     22,968     15,718     21,805     28,977     93,500
  Securities held outright                   514,396     21,576    183,019     22,459     19,506     46,645     51,182     45,400     17,776      9,711     18,887     21,338     56,898
    U.S. Treasury securities (1)             474,869     19,918    168,955     20,733     18,007     43,060     47,249     41,912     16,410      8,965     17,436     19,698     52,526
      Bills (2)                               18,423        773      6,555        804        699      1,671      1,833      1,626        637        348        676        764      2,038
      Notes and bonds (3)                    456,446     19,145    162,401     19,929     17,308     41,390     45,416     40,286     15,773      8,617     16,760     18,934     50,488
    Federal agency debt securities (2)        32,150      1,348     11,439      1,404      1,219      2,915      3,199      2,838      1,111        607      1,180      1,334      3,556
    Mortgage-backed securities (4)             7,377        309      2,625        322        280        669        734        651        255        139        271        306        816
  Repurchase agreements (5)                        0          0          0          0          0          0          0          0          0          0          0          0          0
  Term auction credit                        412,883     14,805    208,557     38,805      8,406     65,321     15,946      6,319      4,830      5,697      2,870      6,533     34,794     
  Other loans                                142,851     14,495    121,559        139         33        772        265      1,954        363        309         48      1,107      1,808
Net portfolio holdings of Commercial
  Paper Funding Facility LLC (6)             251,206          0    251,206          0          0          0          0          0          0          0          0          0          0
Net portfolio holdings of LLCs funded
  through the Money Market Investor
  Funding Facility (7)                             0          0          0          0          0          0          0          0          0          0          0          0          0
Net portfolio holdings of Maiden Lane 
  LLC (8)                                     25,877          0     25,877          0          0          0          0          0          0          0          0          0          0
Net portfolio holdings of Maiden
  Lane II LLC (9)                             18,630          0     18,630          0          0          0          0          0          0          0          0          0          0
Net portfolio holdings of Maiden
  Lane III LLC (10)                           27,634          0     27,634          0          0          0          0          0          0          0          0          0          0
Items in process of collection                   970         39          0        183        118         33         69        218         12         64         39         76        118
Bank premises                                  2,185        123        210         65        147        230        224        207        133        112        273        249        212
Central bank liquidity swaps (11)            390,829     15,539    106,129     42,609     28,567    110,066     29,663     12,947      3,859      5,970      3,827      4,987     26,665
Other assets (12)                             42,589      1,794     12,996      3,467      2,485      8,651      3,664      2,336        875        728        901      1,074      3,618
Interdistrict settlement account                   0  -  13,607  +  15,328  -  53,730  +  29,000  - 116,604  +  35,489  +  27,675  +   7,199  -   3,801  +  12,108  +  19,092  +  41,850

      Total assets                         1,845,196     55,365    976,037     54,690     88,943    116,414    138,134     98,398     35,512     19,081     39,500     55,390    167,732

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


9. Statement of Condition of Each Federal Reserve Bank,  February 11, 2009 (continued)
Millions of dollars
                                                                                                                                                            Kansas                 San
Assets, liabilities, and capital                Total     Boston   New York Philadelphia Cleveland   Richmond   Atlanta    Chicago   St. Louis  Minneapolis   City      Dallas   Francisco

Liabilities                         
Federal Reserve notes outstanding           1,033,349     37,849    361,148     41,092     46,090     80,417    133,460     83,602     29,119     17,467     29,643     61,689    111,773
  Less: Notes held by F.R. Banks              177,347      5,906     47,129      5,623      7,335     12,383     28,198     13,934      3,436      3,208      3,695     18,991     27,510
    Federal Reserve notes, net                856,001     31,943    314,019     35,469     38,755     68,034    105,262     69,668     25,683     14,260     25,948     42,698     84,264
Reverse repurchase agreements (13)             73,284      3,074     26,074      3,200      2,779      6,645      7,292      6,468      2,532      1,384      2,691      3,040      8,106
Deposits                                      862,321     18,321    619,467     10,652     43,674     29,199     21,762     20,054      6,654      2,330     10,150      8,659     71,399
  Depository institutions                     600,057     18,318    357,351     10,647     43,670     29,079     21,758     20,053      6,652      2,330     10,148      8,658     71,394
  U.S. Treasury, general account               20,266          0     20,266          0          0          0          0          0          0          0          0          0          0
  U.S. Treasury, supplementary
    financing account                         199,950          0    199,950          0          0          0          0          0          0          0          0          0          0
  Foreign official                              2,728          2      2,699          4          3         11          3          1          0          1          0          1          3
  Other                                        39,319          2     39,201          0          1        108          0          0          2          0          1          1          2
Deferred availability cash items                3,512         92          0        574        469        215        239        452         54        336        166        270        645
Other liabilities and accrued                 
  dividends (14)                                8,695        153      6,252        177        179        445        335        291        154        107        120        170        311
   
      Total liabilities                     1,803,814     53,583    965,813     50,071     85,855    104,538    134,890     96,934     35,079     18,417     39,074     54,838    164,723
                              
Capital                    
Capital paid in                                21,709        903      6,038      2,315      1,552      5,984      1,612        729        216        335        212        271      1,541
Surplus                                        19,539        844      4,186      2,304      1,536      5,892      1,612        704        210        324        208        271      1,449
Other capital                                     134         35          0          0          0          0         20         32          8          5          7         10         19

      Total liabilities and capital         1,845,196     55,365    976,037     54,690     88,943    116,414    138,134     98,398     35,512     19,081     39,500     55,390    167,732
                              
Note: Components may not sum to totals because of rounding.  Footnotes appear at the end of the table.


9. Statement of Condition of Each Federal Reserve Bank,  February 11, 2009 (continued)

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

Note on consolidation:

The Federal Reserve Bank of New York (FRBNY) has extended loans to several limited liability companies under the authority of section 13(3) of the Federal Reserve Act. On June 26, 2008, 
a loan was extended to Maiden Lane LLC, which was formed to acquire certain assets of Bear Stearns.  On October 27, 2008, the FRBNY began extending loans to Commercial Paper Funding 
Facility LLC, which was formed to purchase three-month U.S. dollar-denominated commercial paper from eligible issuers. On October 21, 2008, the Federal Reserve Board authorized the FRBNY 
to extend credit to a series of LLCs funded through the Money Market Investor Funding Facility.  These LLCs, which became operational on November 24, 2008, were established to purchase 
short-term U.S. dollar-denominated certificates of deposit, bank notes, and commercial paper from eligible issuers.  On November 25, 2008, a loan was extended to Maiden Lane III LLC, 
which was formed to purchase multi-sector collateralized debt obligations on which the Financial Products group of the American International Group, Inc. has written credit default swap 
contracts.  On December 12, 2008, a loan was extended to Maiden Lane II LLC, which was formed to purchase residential mortgage-backed securities from the U.S. securities lending 
reinvestment portfolio of subsidiaries of American International Group, Inc.

The FRBNY is the sole beneficiary of Commercial Paper Funding Facility LLC and the primary beneficiary of the other LLCs cited above. Consistent with generally accepted accounting principles, 
the assets and liabilities of these LLCs have been consolidated with the assets and liabilities of the FRBNY in the preparation of the statements of condition shown on this release.  As a 
consequence of the consolidation, the extensions of credit from the FRBNY to the LLCs are eliminated, the net assets of the LLCs appear as assets on the previous page (and in table 1 and 
table 8), and the liabilities of the LLCs to entities other than the FRBNY, including those with recourse only to the portfolio holdings of the LLCs, are included in other liabilities in 
this table (and table 1 and table 8).


10. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts
Millions of dollars

Federal Reserve notes and collateral                                                              Wednesday
                                                                                                Feb 11, 2009
              
Federal Reserve notes outstanding                                                                1,033,349
  Less: Notes held by F.R. Banks not subject to collateralization                                  177,347
    Federal Reserve notes to be collateralized                                                     856,001 
Collateral held against Federal Reserve notes                                                      856,001
  Gold certificate account                                                                          11,037
  Special drawing rights certificate account                                                         2,200
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1)                           447,412
  Other assets pledged                                                                             395,352

Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1)                               514,396
  Less: Face value of securities under reverse repurchase agreements                                66,984
    U.S. Treasury, agency debt, and mortgage-backed securities
    eligible to be pledged                                                                         447,412
   
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.

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