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Release Date:  December 03, 2009
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For release at
4:30 p.m. EDT
December 3, 2009

The Board's H.4.1 statistical release, "Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks," has been modified to include information related to the Federal Reserve Bank of New York's (FRBNY) preferred interests in AIA Aurora LLC and ALICO Holdings LLC. This information is presented in table 1, in a new table 9, "Supplemental Information on the Federal Reserve Bank of New York's Preferred Interests in AIA Aurora LLC and ALICO Holdings LLC," in table 10, and in table 11.

In conjunction with the restructuring of the government's assistance to American International Group (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.

The FRBNY's combined preferred interests in AIA Aurora LLC and ALICO Holdings LLC are presented in table 1, in table 10, and in table 11. Supplemental information on the FRBNY's preferred interests in the two LLCs is presented in table 9. This table presents the FRBNY's preferred interests in the two LLCs and the accrued dividends on those preferred interests.



FEDERAL RESERVE statistical release
 

H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
December 3, 2009
1. Factors Affecting Reserve Balances of Depository Institutions
Millions of dollars
Reserve Bank credit, related items, and
reserve balances of depository institutions at
Federal Reserve Banks
Averages of daily figures Wednesday
Dec 2, 2009
Week ended
Dec 2, 2009
Change from week ended
Nov 25, 2009 Dec 3, 2008
                                                              
Reserve Bank credit                                       2,187,072    -    2,759    +   69,485     2,186,478 
  Securities held outright (1)                            1,783,761    -    1,268    +1,295,316     1,783,780 
    U.S. Treasury securities                                776,539    +        7    +  300,150       776,543 
      Bills (2)                                              18,423             0             0        18,423 
      Notes and bonds, nominal (2)                          707,649             0    +  297,158       707,649 
      Notes and bonds, inflation-indexed (2)                 44,643             0    +    3,572        44,643 
      Inflation compensation (3)                              5,825    +        7    -      578         5,829 
    Federal agency debt securities (2)                      155,066    +    1,441    +  143,009       155,066 
    Mortgage-backed securities (4)                          852,156    -    2,716    +  852,156       852,172 
  Repurchase agreements (5)                                       0             0    -   80,000             0 
  Term auction credit                                       101,009             0    -  305,499       101,009 
  Other loans                                               102,515    -    5,969    -  153,058        84,817 
    Primary credit                                           19,818    -      114    -   70,515        19,681 
    Secondary credit                                              0             0    -      158             0 
    Seasonal credit                                             47   -       22   +       43           33 
    Primary dealer and other broker-dealer credit (6)             0             0    -   57,198             0 
    Asset-Backed Commercial Paper Money Market                
      Mutual Fund Liquidity Facility                              0             0    -   51,936             0 
    Credit extended to American International                 
      Group, Inc., net (7)                                   38,172    -    6,771    -   17,772        20,660 
    Term Asset-Backed Securities Loan Facility, net (8)      44,478      +      939    +   44,478        44,443 
    Other credit extensions                                       0             0             0             0 
  Net portfolio holdings of Commercial Paper                  
    Funding Facility LLC (9)                                 15,041    -        1    -  282,535        15,032 
  Net portfolio holdings of Maiden Lane LLC (10)             26,394    +       44    -      600        26,464 
  Net portfolio holdings of Maiden Lane II LLC (11)          15,846    +       69    +   15,846        15,847 
  Net portfolio holdings of Maiden Lane III LLC (12)         22,967    +       15    +    1,814        22,989 
  Net portfolio holdings of TALF LLC (13)                       266             0    +      266           266 
  Preferred interests in AIA Aurora LLC and ALICO             
    Holdings LLC (14)                                         7,143    +    7,143    +    7,143        25,000 
  Float                                                      -1,743    -      143    -      769        -2,126 
  Central bank liquidity swaps (15)                          23,434    -    2,377    -  478,901        23,038 
  Other Federal Reserve assets (16)                          90,440    -      270    +   50,465        90,361 
Gold stock                                                   11,041             0             0        11,041 
Special drawing rights certificate account                    5,200             0    +    3,000         5,200 
Treasury currency outstanding (17)                           42,633    +       14    +    3,959        42,628 
                                                              
Total factors supplying reserve funds                     2,245,947    -    2,744    +   76,445     2,245,347 
 

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
reserve balances of depository institutions at
Federal Reserve Banks
Averages of daily figures Wednesday
Dec 2, 2009
Week ended
Dec 2, 2009
Change from week ended
Nov 25, 2009 Dec 3, 2008
                                                              
Currency in circulation (17)                                922,940    +    3,008    +   50,527       922,801 
Reverse repurchase agreements (18)                           58,153    +       28    -   38,572        57,558 
  Foreign official and international accounts                58,153    +       28    -   13,572        57,558 
  Dealers                                                         0             0    -   25,000             0 
Treasury cash holdings                                          232    -        1    -        9           228 
Deposits with F.R. Banks, other than reserve balances        59,749    +   10,864    -  453,146        80,921 
  U.S. Treasury, general account                             38,243    +   12,339    -   22,806        60,164 
  U.S. Treasury, supplementary financing account             14,999             0    -  425,529        14,999 
  Foreign official                                            2,599    -      564    +    2,409         2,080 
  Service-related                                             3,033    -        4    -    1,926         3,033 
    Required clearing balances                                3,033    -        4    -    1,923         3,033 
    Adjustments to compensate for float                           0             0    -        3             0 
  Other                                                         874    -      908    -    5,294           644 
Other liabilities and capital (19)                           65,546    +      138    +   12,232        64,851 
                                                              
Total factors, other than reserve balances,                                                       
   absorbing reserve funds                                1,106,620    +   14,037    -  428,968     1,126,360 
                                                              
Reserve balances with Federal Reserve Banks               1,139,326    -   16,782    +  505,413     1,118,987 
                                                                
Note: Components may not sum to totals because of rounding.
 

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

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

 

1A. Memorandum Items
Millions of dollars

Memorandum item
Averages of daily figures Wednesday
Dec 2, 2009
Week ended
Dec 2, 2009
Change from week ended
Nov 25, 2009 Dec 3, 2008
                                                              
Marketable securities held in custody for foreign             
      official and international accounts (1)             2,931,500    +    6,199    +  436,702     2,942,149 
  U.S. Treasury securities                                2,163,510    +    5,145    +  536,800     2,171,195 
  Federal agency securities (2)                             767,991    +    1,054    -  100,097       770,953 
Securities lent to dealers                                    9,235    +    3,074    -  187,844         9,205 
  Overnight facility (3)                                      9,235    +    3,074    +    3,048         9,205 
    U.S. Treasury securities                                  7,738    +    2,628    +    1,551         8,041 
    Federal agency debt securities                            1,496    +      446    +    1,496         1,164 
  Term facility (4)                                               0             0    -  190,892             0 
 

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

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

 

 

 

 

 

2. Maturity Distribution of Term Auction Credit, Other Loans, and Securities, December 2, 2009
Millions of dollars
Remaining maturity
Within 15
days
16 days to
90 days
91 days to
1 year
Over 1 year
to 5 years
Over 5 years
to 10 years
Over 10
years
All
 
Term auction credit                    87,857       13,152         ---            ---          ---         ---       101,009
Other loans (1)                        15,212        4,502            0        65,103            0         ---        84,817
U.S. Treasury securities (2)                    
  Holdings                             15,039       24,457       49,713       330,020      212,649     144,665       776,543
  Weekly changes                   -      989   +      346   +    1,002    -    1,316   +      963  +        3    +        8
Federal agency debt securities (3)                        
  Holdings                                 30        1,591       22,333        95,670       33,395       2,047       155,066
  Weekly changes                            0            0            0             0            0           0             0
Mortgage-backed securities (4)                            
  Holdings                                  0            0            0             0            0     852,172       852,172
  Weekly changes                            0            0            0             0            0  +       48    +       48
Commercial paper held by                        
  Commercial Paper Funding                      
  Facility LLC (5)                      1,029        9,440            0           ---          ---         ---        10,469
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)       18,811        4,227            0             0            0           0        23,038
                                                
Reverse repurchase agreements (7)      57,558            0          ---           ---          ---         ---        57,558
  
Note: Components may not sum to totals because of rounding.
--- Not applicable.
 

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

 

3. Supplemental Information on Mortgage-Backed Securities Purchase Program
Millions of dollars
Account name Wednesday
Dec 2, 2009
                                                                                                
Mortgage-backed securities held outright (1)                                                       852,172    
                                                                                                
Commitments to buy mortgage-backed securities (2)                                                  162,380    
Commitments to sell mortgage-backed securities (2)                                                       0    
                                                                                                
Cash and cash equivalents (3)                                                                           66    
 

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

 

4. Information on Principal Accounts of Maiden Lane LLC
Millions of dollars
Account name Wednesday
Dec 2, 2009
                                                                                                
Net portfolio holdings of Maiden Lane LLC (1)                                                       26,464    
                                                                                                
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)                                   401    
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3)        1,243    
 
1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if
the transaction were to be conducted in an orderly market on the measurement date. Revalued quarterly.
This table reflects valuations as of September 30, 2009. Any assets purchased after this valuation date
are initially recorded at cost until their estimated fair value as of the purchase date becomes available.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement
of condition consistent with consolidation under generally accepted accounting principles. Refer to
the note on consolidation accompanying table 11.
3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1
and in other liabilities and accrued dividends in table 10 and table 11.
 

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

 

 

5. Information on Principal Accounts of Maiden Lane II LLC
Millions of dollars
Account name Wednesday
Dec 2, 2009
                                                                                                
Net portfolio holdings of Maiden Lane II LLC (1)                                                     15,847   
                                                                                                
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)            16,018   
Accrued interest payable to the Federal Reserve Bank of New York (2)                                    250   
Deferred payment and accrued interest payable to subsidiaries of American International         
  Group, Inc. (3)                                                                                     1,034   
 

1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if
the transaction were to be conducted in an orderly market on the measurement date. Revalued quarterly.
This table reflects valuations as of September 30, 2009. Any assets purchased after this valuation date
are initially recorded at cost until their estimated fair value as of the purchase date becomes available.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement
of condition consistent with consolidation under generally accepted accounting principles. Refer to the
note on consolidation accompanying table 11.
3. Book value. The deferred payment represents the portion of the proceeds of the net portfolio holdings due
to subsidiaries of American International Group, Inc. in accordance with the asset purchase agreement.
The fair value of this payment and accrued interest payable are included in other liabilities and capital
in table 1 and in other liabilities and accrued dividends in table 10 and table 11.
 

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

 

6. Information on Principal Accounts of Maiden Lane III LLC
Millions of dollars
Account name Wednesday
Dec 2, 2009
                                                                                                
Net portfolio holdings of Maiden Lane III LLC (1)                                                    22,989   
                                                                                                
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)            18,615   
Accrued interest payable to the Federal Reserve Bank of New York (2)                                    322   
Outstanding principal amount and accrued interest on loan payable to American International     
  Group, Inc. (3)                                                                                     5,180   
 

1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if
the transaction were to be conducted in an orderly market on the measurement date. Revalued quarterly.
This table reflects valuations as of September 30, 2009. Any assets purchased after this valuation date
are initially recorded at cost until their estimated fair value as of the purchase date becomes available.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement
of condition consistent with consolidation under generally accepted accounting principles. Refer to the
note on consolidation accompanying table 11.
3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1
and in other liabilities and accrued dividends in table 10 and table 11.
 

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

 

7. Information on Principal Accounts of Commercial Paper Funding Facility LLC
Millions of dollars
Account name Wednesday
Dec 2, 2009
                                                                                                
Commercial paper holdings, net (1)                                                                   10,216   
Other investments, net                                                                                4,816   
Net portfolio holdings of Commercial Paper Funding Facility LLC                                      15,032   
                                                                                                
Memorandum: Commercial paper holdings, face value                                                    10,469   
                                                                                                
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)            10,395   
Accrued interest payable to the Federal Reserve Bank of New York (2)                                      3   
 

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

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

 

8. Information on Principal Accounts of TALF LLC
Millions of dollars
Account name Wednesday
Dec 2, 2009
                                                                                                
Asset-backed securities holdings (1)                                                                      0   
Other investments, net                                                                                  266   
Net portfolio holdings of TALF LLC                                                                      266   
                                                                                                
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)                   102   
 

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

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

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

 

9. Supplemental Information on the Federal Reserve Bank of New York's Preferred Interests in AIA Aurora LLC and
ALICO Holdings LLC
Millions of dollars
Account name Wednesday
Dec 2, 2009
                                                                                                
Preferred interests in AIA Aurora LLC and ALICO Holdings LLC (1)                                     25,000   
Accrued dividends on preferred interests in AIA Aurora LLC and ALICO Holdings LLC (2)                     7   
                                                                                                
Preferred interests in AIA Aurora LLC (1)                                                            16,000   
Accrued dividends on preferred interests in AIA Aurora LLC (2)                                            4   
                                                                                                
Preferred interests in ALICO Holdings LLC (1)                                                         9,000   
Accrued dividends on preferred interests in ALICO Holdings LLC (2)                                        2   
 

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

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

 

10. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of dollars
Assets, liabilities, and capital Eliminations
from
consolidation
  Change since
Wednesday
Dec 2, 2009
Wednesday
Nov 25, 2009
Wednesday
Dec 3, 2008
Assets                                                   
Gold certificate account                                           11,037                0                   0
Special drawing rights certificate account                          5,200                0          +    3,000
Coin                                                                2,019       +        3          +      379
Securities, repurchase agreements, term auction          
      credit, and other loans                                   1,969,607       -   24,706          +  746,421
  Securities held outright (1)                                  1,783,780       +       54          +1,295,854
    U.S. Treasury securities                                      776,543       +        8          +  300,189
      Bills (2)                                                    18,423                0                   0
      Notes and bonds, nominal (2)                                707,649                0          +  297,158
      Notes and bonds, inflation-indexed (2)                       44,643                0          +    3,572
      Inflation compensation (3)                                    5,829       +        8          -      540
    Federal agency debt securities (2)                            155,066                0          +  143,494
    Mortgage-backed securities (4)                                852,172       +       48          +  852,172
  Repurchase agreements (5)                                             0                0          -   80,000
  Term auction credit                                             101,009                0          -  305,499
  Other loans                                                      84,817       -   24,761          -  163,934
Net portfolio holdings of Commercial Paper               
  Funding Facility LLC (6)                                         15,032       -       14          -  288,848
Net portfolio holdings of Maiden Lane LLC (7)                      26,464       +      103          -      618
Net portfolio holdings of Maiden Lane II LLC (8)                   15,847       +        2          +   15,847
Net portfolio holdings of                                
  Maiden Lane III LLC (9)                                          22,989       +       28          +    1,806
Net portfolio holdings of TALF LLC (10)                               266                0          +      266
Preferred interests in AIA Aurora LLC and                
  ALICO Holdings LLC (11)                                          25,000       +   25,000          +   25,000
Items in process of collection                         (306)          435       -      204          -    1,077
Bank premises                                                       2,231       +        5          +       56
Central bank liquidity swaps (12)                                  23,038       -    2,773          -  483,781
Other assets (13)                                                  88,121       +      274          +   50,376
                                                         
      Total assets                                     (306)    2,207,286       -    2,281          +   68,828
 

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

 

10. Consolidated Statement of Condition of All Federal Reserve Banks (continued)
Millions of dollars
Assets, liabilities, and capital Eliminations
from
consolidation
  Change since
Wednesday
Dec 2, 2009
Wednesday
Nov 25, 2009
Wednesday
Dec 3, 2008
Liabilities                                              
Federal Reserve notes, net of F.R. Bank holdings                  882,417       -      617          +   46,588
Reverse repurchase agreements (14)                                 57,558       -      925          -   34,436
Deposits                                                 (0)    1,199,897       -      838          +   44,850
  Depository institutions                                       1,122,010       -   46,560          +  466,831
  U.S. Treasury, general account                                   60,164       +   47,167          +    2,819
  U.S. Treasury, supplementary financing account                   14,999                0          -  419,108
  Foreign official                                                  2,080       -       46          +    1,894
  Other                                                  (0)          644       -    1,398          -    7,586
Deferred availability cash items                       (306)        2,561       +      280          +      132
Other liabilities and accrued dividends (15)                       12,171       -       49          +    1,827
                                                         
      Total liabilities                                (306)    2,154,605       -    2,149          +   58,963
                                                         
Capital accounts                                         
Capital paid in                                                    25,438       +       15          +    4,576
Surplus                                                            21,448       +        8          +    4,273
Other capital accounts                                              5,795       -      156          +    1,016
                                                         
      Total capital                                                52,681       -      133          +    9,866
 

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

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

 

11. Statement of Condition of Each Federal Reserve Bank, December 2, 2009
Millions of dollars
Assets, liabilities, and capital Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas
City
allas an
rancisco
Assets                                                             
Gold certificate account                      11,037         412       3,895         450         467         882       1,356         911         329         197         335         621       1,182 
Special drawing rights certificate acct.       5,200         196       1,818         210         237         412         654         424         150          90         153         282         574 
Coin                                           2,019          68          77         164         147         285         232         279          32          62         136         216         322 
Securities, repurchase agreements, term                            
      auction credit, and other loans      1,969,607      41,702     854,878      32,414      72,341      65,525     215,492     195,673      71,040      29,850      81,492      86,803     222,398 
  Securities held outright (1)             1,783,780      34,218     697,236      27,674      70,474      64,282     214,921     193,024      69,882      29,531      80,518      86,248     215,772 
    U.S. Treasury securities                 776,543      14,896     303,531      12,047      30,680      27,984      93,563      84,030      30,422      12,856      35,052      37,547      93,933 
      Bills (2)                               18,423         353       7,201         286         728         664       2,220       1,994         722         305         832         891       2,228 
      Notes and bonds (3)                    758,120      14,543     296,330      11,762      29,952      27,320      91,343      82,037      29,700      12,551      34,221      36,656      91,705 
    Federal agency debt securities (2)       155,066       2,975      60,611       2,406       6,126       5,588      18,683      16,780       6,075       2,567       7,000       7,498      18,757 
    Mortgage-backed securities (4)           852,172      16,347     333,093      13,221      33,668      30,710     102,675      92,214      33,385      14,108      38,466      41,204     103,082 
  Repurchase agreements (5)                        0           0           0           0           0           0           0           0           0           0           0           0           0 
  Term auction credit                        101,009       7,342      74,075       4,578       1,867       1,143         384       2,240       1,138         280         965         550       6,449 
  Other loans                                 84,817         141      83,568         162           1         100         187         409          20          39           9           5         177 
Net portfolio holdings of Commercial                               
  Paper Funding Facility LLC (6)              15,032           0      15,032           0           0           0           0           0           0           0           0           0           0 
Net portfolio holdings of Maiden Lane                              
  LLC (7)                                     26,464           0      26,464           0           0           0           0           0           0           0           0           0           0 
Net portfolio holdings of Maiden                                   
  Lane II LLC (8)                             15,847           0      15,847           0           0           0           0           0           0           0           0           0           0 
Net portfolio holdings of Maiden                                   
  Lane III LLC (9)                            22,989           0      22,989           0           0           0           0           0           0           0           0           0           0 
Net portfolio holdings of TALF LLC (10)          266           0         266           0           0           0           0           0           0           0           0           0           0 
Preferred interests in AIA Aurora LLC                              
  and ALICO Holdings LLC (11)                 25,000           0      25,000           0           0           0           0           0           0           0           0           0           0 
Items in process of collection                   742          37           0         136         131          23         169          35          30          28          47          40          65 
Bank premises                                  2,231         120         256          69         145         237         221         205         134         111         268         251         212 
Central bank liquidity swaps (12)             23,038         923       6,129       2,531       1,697       6,537       1,762         769         229         355         227         296       1,584 
Other assets (13)                             88,121       2,275      31,040       4,026       4,384       9,908       9,389       7,451       2,662       1,444       3,022       3,309       9,212 
Interdistrict settlement account                   0   +  18,765   +  12,593   +  22,065   -  20,594   + 245,190   -  72,222   -  88,091   -  34,633   -   8,524   -  27,780   -  18,515   -  28,253 
                                                                   
      Total assets                         2,207,592      64,498   1,016,284      62,065      58,953     328,999     157,051     117,655      39,974      23,612      57,901      73,305     207,295 
 

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, December 2, 2009 (continued)
Millions of dollars
Assets, liabilities, and capital Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas
ity
allas San
rancisco
Liabilities                                                         
Federal Reserve notes outstanding           1,080,996      35,867     398,210      38,845      45,078      82,637     135,717      85,631      30,617      19,461      28,793      63,335     116,805 
  Less: Notes held by F.R. Banks              198,578       4,277      72,170       6,204       8,651      11,078      31,229      13,128       4,332       2,869       3,234      14,206      27,201 
    Federal Reserve notes, net                882,417      31,590     326,040      32,640      36,427      71,559     104,488      72,503      26,285      16,591      25,560      49,129      89,604 
Reverse repurchase agreements (14)             57,558       1,104      22,498         893       2,274       2,074       6,935       6,228       2,255         953       2,598       2,783       6,962 
Deposits                                    1,199,897      29,635     643,540      22,580      15,717     240,365      41,351      36,768      10,616       4,192      28,887      20,140     106,106 
  Depository institutions                   1,122,010      29,627     565,832      22,575      15,714     240,258      41,347      36,730      10,613       4,192      28,886      20,140     106,097 
  U.S. Treasury, general account               60,164           0      60,164           0           0           0           0           0           0           0           0           0           0 
  U.S. Treasury, supplementary                                      
    financing account                          14,999           0      14,999           0           0           0           0           0           0           0           0           0           0 
  Foreign official                              2,080           2       2,050           4           3          11           3           1           0           1           0           1           3 
  Other                                           644           7         494           0           0          96           0          37           3           0           1           0           7 
Deferred availability cash items                2,867          87           0         470         388          99         325         190          54         288         168         226         573 
Other liabilities and accrued                                                 
  dividends (15)                               12,171         179       8,259         219         287         614         622         521         240         147         223         280         581 
                                                                    
      Total liabilities                     2,154,911      62,595   1,000,337      56,802      55,093     314,710     153,721     116,210      39,450      22,171      57,436      72,559     203,826 
                                                                    
Capital                                                             
Capital paid in                                25,438         944       7,427       2,627       1,910       7,136       1,579         622         240         712         210         350       1,681 
Surplus                                        21,448         844       5,976       2,316       1,551       5,983       1,612         704         209         324         207         271       1,450 
Other capital                                   5,795         114       2,545         320         398       1,170         140         119          75         404          47         125         338 
                                                                    
      Total liabilities and capital         2,207,592      64,498   1,016,284      62,065      58,953     328,999     157,051     117,655      39,974      23,612      57,901      73,305     207,295 
                              
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, December 2, 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 7 and the note on consolidation below.
7. Refer to table 4 and the note on consolidation below.
8. Refer to table 5 and the note on consolidation below.
9. Refer to table 6 and the note on consolidation below.
10. Refer to table 8 and the note on consolidation below.
11. Refer to table 9.
12. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This
exchange rate equals the market exchange rate used when the foreign currency was acquired from the foreign central bank.
13. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates, and accrued dividends on the Federal Reserve Bank of New York's
preferred interests in AIA Aurora LLC and ALICO Holdings LLC.
14. Cash value of agreements, which are collateralized by U.S. Treasury securities and federal agency debt securities.
15. Includes the liabilities of Commercial Paper Funding Facility LLC, Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to entities other than the Federal Reserve
Bank of New York, including liabilities that have recourse only to the portfolio holdings of these LLCs. Refer to table 4 through table 8 and the note on consolidation below.
 

Note on consolidation:
 

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

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

 

12. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts
Millions of dollars
Federal Reserve notes and collateral Wednesday
Dec 2, 2009
                                                                                            
Federal Reserve notes outstanding                                                              1,080,996 
  Less: Notes held by F.R. Banks not subject to collateralization                                198,578 
    Federal Reserve notes to be collateralized                                                   882,417 
Collateral held against Federal Reserve notes                                                    882,417 
  Gold certificate account                                                                        11,037 
  Special drawing rights certificate account                                                       5,200 
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                       866,181 
  Other assets pledged                                                                                 0 
                                                                                            
Memo:                                                                                       
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                         1,783,780 
  Less: Face value of securities under reverse repurchase agreements                              56,731 
    U.S. Treasury, agency debt, and mortgage-backed securities                              
    eligible to be pledged                                                                     1,727,049 
   
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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