Federal Reserve Statistical Release, H.4.1, Factors Affecting Reserve Balances; title with eagle logo links to Statistical Release home page
Release Date: July 22, 2010
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For release at
4:30 P.M. EDT
July 22, 2010

Consistent with the terms of the Maiden Lane LLC (LLC) transaction, on July 15, 2010, the
LLC began making distributions to repay its loan extended by the Federal Reserve Bank of
New York (FRBNY).  These distributions will occur on a monthly basis unless otherwise
directed by the Federal Reserve and will follow the order of payments explained in the note
to Table 4.  These distributions will also result in a corresponding reduction of the net
portfolio holdings of the LLC.

FEDERAL RESERVE statistical release
H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
                                                                                                July 22, 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   Jul 21, 2010
Federal Reserve Banks                                     Jul 21, 2010 Jul 14, 2010 Jul 22, 2009
 
Reserve Bank credit                                        2,315,726   -      215   +  305,035    2,315,304
  Securities held outright (1)                             2,061,234   +      755   +  735,283    2,060,984
    U.S. Treasury securities                                 777,010   +        8   +   90,534      777,013
      Bills (2)                                               18,423            0            0       18,423
      Notes and bonds, nominal (2)                           712,020   -        3   +   93,445      712,020
      Notes and bonds, inflation-indexed (2)                  41,129   +        4   -    3,094       41,129
      Inflation compensation (3)                               5,439   +        8   +      184        5,442
    Federal agency debt securities (2)                       159,771   -    3,855   +   57,650      159,381
    Mortgage-backed securities (4)                         1,124,453   +    4,602   +  587,099    1,124,590
  Repurchase agreements (5)                                        0            0            0            0
  Term auction credit                                              0            0   -  237,634            0
  Other loans                                                 65,905   -      870   -   44,735       65,551
    Primary credit                                                25   -       61   -   33,723           49
    Secondary credit                                               1   +        1   -       30            5
    Seasonal credit                                               79   +        7   -       10           80
    Asset-Backed Commercial Paper Money Market
       Mutual Fund Liquidity Facility                              0            0   -    3,560            0
    Credit extended to American International
       Group, Inc., net (6)                                   24,154   -      358   -   18,978       23,888
    Term Asset-Backed Securities Loan Facility (7)            41,646   -      459   +   11,566       41,529
    Other credit extensions                                        0            0            0            0
  Net portfolio holdings of Commercial Paper
     Funding Facility LLC (8)                                      1            0   -  110,500            1
  Net portfolio holdings of Maiden Lane LLC (9)               28,538   +        7   +    2,549       28,570
  Net portfolio holdings of Maiden Lane II LLC (10)           15,550   +        5   -      205       15,556
  Net portfolio holdings of Maiden Lane III LLC (11)          22,969   +       38   +    4,152       22,980
  Net portfolio holdings of TALF LLC (12)                        511   +        5   +      511          540
  Preferred interests in AIA Aurora LLC and ALICO
     Holdings LLC (13)                                        25,733            0   +   25,733       25,733
  Float                                                       -1,671   +      162   +      387       -1,777
  Central bank liquidity swaps (14)                            1,246   +        1   -   88,618        1,246
  Other Federal Reserve assets (15)                           95,711   -      317   +   18,114       95,920
Gold stock                                                    11,041            0            0       11,041
Special drawing rights certificate account                     5,200            0   +    3,000        5,200
Treasury currency outstanding (16)                            43,210   +       14   +      737       43,210

Total factors supplying reserve funds                      2,375,177   -      201   +  308,772    2,374,755
 
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   Jul 21, 2010
Federal Reserve Banks                                     Jul 21, 2010 Jul 14, 2010 Jul 22, 2009
 
Currency in circulation (16)                                 942,989   -    2,848   +   34,245      943,213
Reverse repurchase agreements (17)                            63,368   +      532   -    4,437       61,467
  Foreign official and international accounts                 63,368   +      532   -    4,437       61,467
  Dealers                                                          0            0            0            0
Treasury cash holdings                                           243   -        3   -      104          228
Deposits with F.R. Banks, other than reserve balances        259,625   +   24,301   -   21,008      252,492
  Term deposits held by depository institutions                4,241   +    2,119   +    4,241        4,241
  U.S. Treasury, general account                              51,307   +   33,045   -   21,881       43,865
  U.S. Treasury, supplementary financing account             199,962            0   +       26      199,962
  Foreign official                                             1,257   -      230   -      479        1,448
  Service-related                                              2,469   -        3   -    2,692        2,469
    Required clearing balances                                 2,469   -        3   -    2,680        2,469
    Adjustments to compensate for float                            0            0   -       12            0
  Other                                                          389   -   10,631   -      223          508
Other liabilities and capital (18)                            72,719   +      112   +   16,108       71,570

Total factors, other than reserve balances,
   absorbing reserve funds                                 1,338,944   +   22,094   +   24,804    1,328,969

Reserve balances with Federal Reserve Banks                1,036,233   -   22,296   +  283,968    1,045,786
 
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   Jul 21, 2010
Memorandum item                                           Jul 21, 2010 Jul 14, 2010 Jul 22, 2009
 
Marketable securities held in custody for foreign
   official and international accounts (1)                 3,131,777   +   18,067   +  344,846    3,139,293
  U.S. Treasury securities                                 2,303,507   +   13,772   +  307,712    2,308,147
  Federal agency securities (2)                              828,271   +    4,296   +   37,134      831,146
Securities lent to dealers                                     4,456   -    2,325   -    7,006        3,405
  Overnight facility (3)                                       4,456   -    2,325   -    4,084        3,405
    U.S. Treasury securities                                   3,300   -    1,784   -    5,055        2,348
    Federal agency debt securities                             1,156   -      540   +      971        1,057
  Term facility (4)                                                0            0   -    2,921            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,      July 21, 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)                              123           11            0       65,418            0           ...       65,551
U.S. Treasury securities (2)
  Holdings                                15,553       17,949       52,371      332,299      214,994       143,848      777,013
  Weekly changes                      +      889   -      331   -      579   +       12   +       12    +        7   +        8
Federal agency debt securities (3)
  Holdings                                     0        7,451       37,894       78,943       32,746         2,347      159,381
  Weekly changes                      -    2,730   +      252   +      782   -      232   -      802             0   -    2,730
Mortgage-backed securities (4)
  Holdings                                     0            0            0           31           20     1,124,539    1,124,590
  Weekly changes                               0            0            0            0            0    -    3,970   -    3,970
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)               0        1,246            0            0            0             0        1,246

Reverse repurchase agreements (7)         61,467            0          ...          ...          ...           ...       61,467
Term deposits                              2,122        2,119            0          ...          ...           ...        4,241
 
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                                                                                                           Jul 21, 2010 
 
Mortgage-backed securities held outright (1)                                                                           1,124,590

Commitments to buy mortgage-backed securities (2)                                                                          3,885
Commitments to sell mortgage-backed securities (2)                                                                             0

Cash and cash equivalents (3)                                                                                                261
 
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, dollar rolls,
   and coupon swaps.
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                                                                                                           Jul 21, 2010 
 
Net portfolio holdings of Maiden Lane LLC (1)                                                                             28,570

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                 28,790
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                         525
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3)                              1,284
 
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                                                                                                           Jul 21, 2010 
 
Net portfolio holdings of Maiden Lane II LLC (1)                                                                          15,556

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                 14,089
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                         372
Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc. (3)                    1,056
 
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                                                                                                           Jul 21, 2010 
 
Net portfolio holdings of Maiden Lane III LLC (1)                                                                         22,980

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                 15,469
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                         461
Outstanding principal amount and accrued interest on loan payable to American International Group, Inc. (3)                5,288
 
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                                                                                                           Jul 21, 2010 
 
Commercial paper holdings, net (1)                                                                                             0
Other investments, net                                                                                                         1
Net portfolio holdings of Commercial Paper Funding Facility LLC                                                                1

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                                                                                                           Jul 21, 2010 
 
Asset-backed securities holdings (1)                                                                                           0
Other investments, net                                                                                                       540
Net portfolio holdings of TALF LLC                                                                                           540

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                                                                                                           Jul 21, 2010 
 
Preferred interests in AIA Aurora LLC and ALICO Holdings LLC (1)                                                          25,733
Accrued dividends on preferred interests in AIA Aurora LLC and ALICO Holdings LLC (2)                                         74

Preferred interests in AIA Aurora LLC (1)                                                                                 16,469
Accrued dividends on preferred interests in AIA Aurora LLC (2)                                                                47

Preferred interests in ALICO Holdings LLC (1)                                                                              9,264
Accrued dividends on preferred interests in ALICO Holdings LLC (2)                                                            27
 
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   Jul 21, 2010   Wednesday    Wednesday  
Assets, liabilities, and capital                                                      Jul 14, 2010 Jul 22, 2009
 
Assets
  Gold certificate account                                                  11,037             0            0
  Special drawing rights certificate account                                 5,200             0   +    3,000
  Coin                                                                       2,033    +       45   +      195
  Securities, repurchase agreements, term auction
     credit, and other loans                                             2,126,535    -    7,712   +  438,892
    Securities held outright (1)                                         2,060,984    -    6,692   +  720,113
      U.S. Treasury securities                                             777,013    +        8   +   84,287
        Bills (2)                                                           18,423             0            0
        Notes and bonds, nominal (2)                                       712,020    -        3   +   87,445
        Notes and bonds, inflation-indexed (2)                              41,129    +        4   -    3,309
        Inflation compensation (3)                                           5,442    +        8   +      151
      Federal agency debt securities (2)                                   159,381    -    2,730   +   56,701
      Mortgage-backed securities (4)                                     1,124,590    -    3,970   +  579,124
    Repurchase agreements (5)                                                    0             0            0
    Term auction credit                                                          0             0   -  237,634
    Other loans                                                             65,551    -    1,020   -   43,586
  Net portfolio holdings of Commercial Paper
     Funding Facility LLC (6)                                                    1             0   -  109,845
  Net portfolio holdings of Maiden Lane LLC (7)                             28,570    +        8   +    2,514
  Net portfolio holdings of Maiden Lane II LLC (8)                          15,556    +        7   -      204
  Net portfolio holdings of Maiden Lane III LLC (9)                         22,980    +       13   +    4,143
  Net portfolio holdings of TALF LLC (10)                                      540    +       34   +      540
  Preferred interests in AIA Aurora LLC and ALICO
     Holdings LLC (11)                                                      25,733             0   +   25,733
  Items in process of collection                             (47)              358    +        2   -       80
  Bank premises                                                              2,231             0   +       20
  Central bank liquidity swaps (12)                                          1,246    +        1   -   88,336
  Other assets (13)                                                         93,719    -      804   +   17,686

Total assets                                                 (47)        2,335,740    -    8,405   +  294,259
 
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   Jul 21, 2010   Wednesday    Wednesday  
Assets, liabilities, and capital                                                      Jul 14, 2010 Jul 22, 2009
 
Liabilities
  Federal Reserve notes, net of F.R. Bank holdings                         902,259    -    2,281   +   33,031
  Reverse repurchase agreements (14)                                        61,467    -      798   -    5,366
  Deposits                                                    (0)        1,298,309    -    2,959   +  251,990
    Term deposits held by depository institutions                            4,241    +    2,119   +    4,241
    Other deposits held by depository institutions                       1,048,285    -   22,978   +  266,896
    U.S. Treasury, general account                                          43,865    +   35,999   -   17,736
    U.S. Treasury, supplementary financing account                         199,962             0   +       26
    Foreign official                                                         1,448    +      194   -      436
    Other                                                     (0)              508    -   18,294   -    1,001
  Deferred availability cash items                           (46)            2,136    -      220   -      351
  Other liabilities and accrued dividends (15)                              14,730    -    2,303   +    8,253

Total liabilities                                            (47)        2,278,900    -    8,563   +  287,556

Capital accounts
  Capital paid in                                                           26,661             0   +    2,145
  Surplus                                                                   25,816    +        6   +    4,527
  Other capital accounts                                                     4,362    +      151   +       31

Total capital                                                               56,840    +      158   +    6,703
 
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,      July 21, 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                                           2,033          65          71         157         149         296         189         316          29          59         148         210         343
  Securities, repurchase agreements,
     term auction credit, and other
     loans                                   2,126,535      52,178     906,409      48,137      70,025     234,728     195,035     155,386      53,109      28,243      70,712      86,553     226,020
    Securities held outright (1)             2,060,984      52,157     840,991      48,130      70,023     234,724     195,026     155,370      53,087      28,214      70,700      86,542     226,020
      U.S. Treasury securities                 777,013      19,664     317,062      18,146      26,400      88,493      73,527      58,576      20,014      10,637      26,655      32,627      85,212
        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)                    758,590      19,197     309,545      17,715      25,774      86,395      71,784      57,187      19,540      10,385      26,023      31,854      83,192
      Federal agency debt securities (2)       159,381       4,033      65,036       3,722       5,415      18,152      15,082      12,015       4,105       2,182       5,467       6,692      17,479
      Mortgage-backed securities (4)         1,124,590      28,460     458,892      26,262      38,209     128,079     106,417      84,779      28,967      15,395      38,578      47,222     123,329
    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                                 65,551          21      65,418           7           2           4           9          16          22          28          12          12           0
  Net portfolio holdings of Commercial
     Paper Funding Facility LLC (6)                  1           0           1           0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of Maiden
     Lane LLC (7)                               28,570           0      28,570           0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of Maiden
     Lane II LLC (8)                            15,556           0      15,556           0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of Maiden
     Lane III LLC (9)                           22,980           0      22,980           0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of TALF LLC (10)          540           0         540           0           0           0           0           0           0           0           0           0           0
  Preferred interests in AIA Aurora LLC
     and ALICO Holdings LLC (11)                25,733           0      25,733           0           0           0           0           0           0           0           0           0           0
  Items in process of collection                   405          20           0          26          69           8         112          54          33          15           8          26          34
  Bank premises                                  2,231         123         258          70         143         238         219         210         135         109         266         248         212
  Central bank liquidity swaps (12)              1,246          46         362         136          93         347          77          30          12          35          10          17          82
  Other assets (13)                             93,719       2,673      35,464       4,318       4,175      14,727       8,002       5,738       2,023       1,652       2,563       3,240       9,145
  Interdistrict settlement account                   0   -   6,380   + 147,180   +  18,777   -  19,541   -   2,107   -  49,099   -  43,034   -  16,479   +  11,617   -  22,816   -   4,720   -  13,397

Total assets                                 2,335,787      49,290   1,188,980      72,235      55,812     249,495     156,575     120,012      39,335      42,022      51,341      86,508     224,183
 
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,      July 21, 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          1,118,399      37,033     397,063      42,366      44,542      87,965     143,266      86,295      31,663      19,662      30,485      74,300     123,758
    Less: Notes held by F.R. Banks             216,140       4,158      87,674       5,505       9,863      14,559      29,835      12,621       4,527       4,563       3,369      12,589      26,875
      Federal Reserve notes, net               902,259      32,875     309,389      36,861      34,679      73,406     113,431      73,674      27,135      15,099      27,116      61,711      96,883
  Reverse repurchase agreements (14)            61,467       1,556      25,082       1,435       2,088       7,000       5,816       4,634       1,583         841       2,109       2,581       6,741
  Deposits                                   1,298,309      12,688     827,618      27,843      14,372     155,455      33,346      39,655       9,862      23,968      21,355      20,982     111,164
    Term deposits held by depository
       institutions                              4,241          51       1,817           0          28         148         189         525          56          12          40          77       1,300
    Other deposits held by depository
       institutions                          1,048,285      12,615     580,230      27,838      14,341     155,169      33,155      39,099       9,805      23,955      21,314      20,905     109,860
    U.S. Treasury, general account              43,865           0      43,865           0           0           0           0           0           0           0           0           0           0
    U.S. Treasury, supplementary
       financing account                       199,962           0     199,962           0           0           0           0           0           0           0           0           0           0
    Foreign official                             1,448           1       1,420           4           3          11           2           1           0           1           0           1           3
    Other                                          509          20         326           0           1         127           0          30           1           0           1           0           2
  Deferred availability cash items               2,182          69           0         217         515          93         150         193          58         341          83          94         369
  Other liabilities and accrued
     dividends (15)                             14,730         202      10,879         212         257         741         561         462         200         139         208         286         582

Total liabilities                            2,278,947      47,389   1,172,967      66,567      51,911     236,696     153,305     118,618      38,839      40,389      50,871      85,654     215,740

Capital
  Capital paid in                               26,661         916       7,627       2,806       1,918       5,438       1,545         642         218         806         211         396       4,138
  Surplus                                       25,816         945       7,613       2,803       1,911       7,141       1,581         620         239         712         210         353       1,688
  Other capital                                  4,362          39         773          58          72         221         144         132          39         115          49         104       2,617

Total liabilities and capital                2,335,787      49,290   1,188,980      72,235      55,812     249,495     156,575     120,012      39,335      42,022      51,341      86,508     224,183
 
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,      July 21, 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                                                       Jul 21, 2010 
 
Federal Reserve notes outstanding                                                          1,118,399
  Less: Notes held by F.R. Banks not subject to collateralization                            216,140
    Federal Reserve notes to be collateralized                                               902,259
Collateral held against Federal Reserve notes                                                902,259
  Gold certificate account                                                                    11,037
  Special drawing rights certificate account                                                   5,200
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   886,022
  Other assets pledged                                                                             0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                     2,060,984
  Less: Face value of securities under reverse repurchase agreements                          59,866
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged      2,001,118
 
Note: Components may not sum to totals because of rounding.

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

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