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FEDERAL RESERVE statistical release
H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
April 30, 2009
1. Factors Affecting Reserve Balances of Depository Institutions
Millions of dollars
Reserve Bank credit, related items, and Averages of daily figures
reserve balances of depository institutions at Week ended Change from week ended Wednesday
Federal Reserve Banks Apr 29, 2009 Apr 22, 2009 Apr 30, 2008 Apr 29, 2009
Reserve Bank credit 2,087,578 - 81,542 +1,222,561 2,049,958
Securities held outright 976,811 + 22,765 + 428,131 983,358
U.S. Treasury securities (1) 543,009 + 14,319 - 5,671 549,046
Bills (2) 18,423 0 - 51,894 18,423
Notes and bonds, nominal (2) 479,039 + 14,007 + 44,093 485,057
Notes and bonds, inflation-indexed (2) 40,976 + 215 + 2,434 40,976
Inflation compensation (3) 4,571 + 97 - 304 4,590
Federal agency debt securities (2) 66,074 + 3,317 + 66,074 68,158
Mortgage-backed securities (4) 367,728 + 5,129 + 367,728 366,153
Repurchase agreements (5) 0 0 - 107,536 0
Term auction credit 403,573 - 52,226 + 303,573 403,573
Other loans 104,538 - 163 + 74,355 101,531
Primary credit 44,788 + 1,676 + 33,200 45,261
Secondary credit 40 - 21 + 40 0
Seasonal credit 1 0 - 24 1
Primary dealer and other broker-dealer credit (6) 5,479 - 3,735 - 13,092 700
Asset-Backed Commercial Paper Money Market
Mutual Fund Liquidity Facility 3,362 + 2,412 + 3,362 3,699
Credit extended to American International
Group, Inc. (7) 44,489 - 494 + 44,489 45,492
Term Asset-Backed Securities Loan Facility 6,379 0 + 6,379 6,379
Other credit extensions 0 0 0 0
Net portfolio holdings of Commercial Paper
Funding Facility LLC (8) 222,920 - 17,977 + 222,920 181,795
Net portfolio holdings of LLCs funded through
the Money Market Investor Funding Facility (9) 0 0 0 0
Net portfolio holdings of Maiden Lane LLC (10) 26,484 + 39 + 26,484 26,502
Net portfolio holdings of Maiden Lane II LLC (11) 18,264 + 27 + 18,264 18,328
Net portfolio holdings of Maiden Lane III LLC (12) 27,432 + 18 + 27,432 27,449
Float -2,241 + 111 - 567 -2,345
Central bank liquidity swaps (13) 250,215 - 36,059 + 214,215 249,513
Other Federal Reserve assets (14) 59,582 + 1,924 + 15,291 60,254
Gold stock 11,041 0 0 11,041
Special drawing rights certificate account 2,200 0 0 2,200
Treasury currency outstanding (15) 42,290 + 14 + 3,555 42,290
Total factors supplying reserve funds 2,143,109 - 81,528 +1,226,116 2,105,489
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
reserve balances of depository institutions at Week ended Change from week ended Wednesday
Federal Reserve Banks Apr 29, 2009 Apr 22, 2009 Apr 30, 2008 Apr 29, 2009
Currency in circulation (15) 901,678 - 1,577 + 89,266 903,191
Reverse repurchase agreements (16) 66,196 + 430 + 26,817 67,284
Foreign official and international accounts 66,196 + 430 + 26,817 67,284
Dealers 0 0 0 0
Treasury cash holdings 325 - 8 + 9 311
Deposits with F.R. Banks, other than reserve balances 291,057 + 16,810 + 277,832 269,555
U.S. Treasury, general account 84,774 + 19,054 + 79,053 62,810
U.S. Treasury, supplementary financing account 199,929 0 + 199,929 199,929
Foreign official 1,634 - 665 + 1,534 1,967
Service-related 4,342 - 26 - 2,749 4,342
Required clearing balances 4,342 - 26 - 2,749 4,342
Adjustments to compensate for float 0 0 0 0
Other 378 - 1,553 + 65 506
Other liabilities and capital (17) 56,502 + 394 + 13,175 56,588
Total factors, other than reserve balances,
absorbing reserve funds 1,315,757 + 16,048 + 407,099 1,296,928
Reserve balances with Federal Reserve Banks 827,352 - 97,576 + 819,017 808,562
Note: Components may not sum to totals because of rounding.
1. Includes securities lent to dealers under the overnight and term securities lending facilities; refer
to table 1A.
2. Face value of the securities.
3. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed
securities.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is
the remaining principal balance of the underlying mortgages.
5. Cash value of agreements.
6. Includes credit extended through the Primary Dealer Credit Facility and credit extended to certain
other broker-dealers.
7. Excludes credit extended to consolidated LLCs.
8. Refer to table 7 and the note on consolidation accompanying table 10.
9. Refer to table 8 and the note on consolidation accompanying table 10.
10. Refer to table 4 and the note on consolidation accompanying table 10.
11. Refer to table 5 and the note on consolidation accompanying table 10.
12. Refer to table 6 and the note on consolidation accompanying table 10.
13. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when
the foreign currency is returned to the foreign central bank. This exchange rate equals the market exchange
rate used when the foreign currency was acquired from the foreign central bank.
14. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates.
15. Estimated.
16. Cash value of agreements, which are collateralized by U.S. Treasury securities.
17. Includes the liabilities of Commercial Paper Funding Facility LLC, the LLCs funded through the Money Market
Investor Funding Facility, Maiden Lane LLC, Maiden Lane II LLC, and Maiden Lane III LLC to entities other
than the Federal Reserve Bank of New York, including liabilities that have recourse only to the portfolio
holdings of these LLCs. Refer to table 4 through table 8 and the note on consolidation accompanying table 10.
Sources: Federal Reserve Banks and the U.S. Department of the Treasury.
1A. Memorandum Items
Millions of dollars
Averages of daily figures
Memorandum item Week ended Change from week ended Wednesday
Apr 29, 2009 Apr 22, 2009 Apr 30, 2008 Apr 29, 2009
Marketable securities held in custody for foreign
official and international accounts (1) 2,650,606 + 3,064 + 387,198 2,648,356
U.S. Treasury securities 1,841,167 - 303 + 511,635 1,837,101
Federal agency securities (2) 809,439 + 3,367 - 124,437 811,255
Securities lent to dealers 38,675 - 10,038 - 124,705 36,997
Overnight facility (3) 6,125 + 1,391 - 11,626 4,447
Term facility (4) 32,550 - 11,429 - 113,079 32,550
Note: Components may not sum to totals because of rounding.
1. Face value of the securities. Includes U.S. Treasury STRIPS, other zero-coupon bonds, and mortgage-backed
securities at face value.
2. Includes debt and mortgage-backed securities.
3. Fully collateralized by U.S. Treasury securities.
4. Fully collateralized by U.S. Treasury securities, federal agency securities, and other highly rated debt
securities.
2. Maturity Distribution of Term Auction Credit, Other Loans, and Securities, April 29, 2009
Millions of dollars
Remaining maturity Within 15 16 days to 91 days to Over 1 year Over 5 years Over 10 All
days 90 days 1 year to 5 years to 10 years years
Term auction credit 106,299 297,274 --- --- --- --- 403,573
Other loans (1) 41,259 8,401 0 51,871 --- --- 101,531
U.S. Treasury securities (2)
Holdings 15,915 27,266 65,124 216,801 118,003 105,939 549,046
Weekly changes - 2,503 + 2,503 + 4 + 14,005 + 47 + 23 + 14,077
Federal agency debt securities (3)
Holdings 0 196 3,979 47,628 15,973 382 68,158
Weekly changes 0 0 0 + 3,647 0 0 + 3,647
Mortgage-backed securities (4)
Holdings 0 0 0 0 0 366,153 366,153
Weekly changes 0 0 0 0 0 - 1,437 - 1,437
Commercial paper held by
Commercial Paper Funding
Facility LLC (5) 48,568 130,871 0 --- --- --- 179,438
Money market instruments held by
LLCs funded through the Money
Market Investor Funding
Facility (6) 0 0 0 --- --- --- 0
Repurchase agreements (7) 0 0 --- --- --- --- 0
Central bank liquidity swaps (8) 117,424 132,089 0 0 0 0 249,513
Reverse repurchase agreements (7) 67,284 0 --- --- --- --- 67,284
Note: Components may not sum to totals because of rounding.
--- Not applicable.
1. Excludes the loans from the Federal Reserve Bank of New York (FRBNY) to Commercial Paper Funding Facility LLC, the
LLCs funded through the Money Market Investor Funding Facility, Maiden Lane LLC, Maiden Lane II LLC, and Maiden
Lane III LLC. The loans were eliminated when preparing the FRBNY's statement of condition consistent with
consolidation under generally accepted accounting principles.
2. Face value. For inflation-indexed securities, includes the original face value and compensation that adjusts for
the effect of inflation on the original face value of such securities.
3. Face value.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining
principal balance of the underlying mortgages.
5. Face value of commercial paper held by Commercial Paper Funding Facility LLC.
6. Face value of money market instruments held by LLCs funded through the Money Market Investor Funding Facility.
7. Cash value of agreements.
8. Dollar value of foreign currency held under these 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 Apr 29, 2009
Mortgage-backed securities held outright (1) 366,153
Commitments to buy mortgage-backed securities (2) 189,966
Commitments to sell mortgage-backed securities (2) 157,575
Cash and cash equivalents (3) 172
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 9 and table 10.
4. Information on Principal Accounts of Maiden Lane LLC
Millions of dollars
Wednesday
Account name Apr 29, 2009
Net portfolio holdings of Maiden Lane LLC (1) 26,502
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) 315
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3) 1,207
1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if
the transaction were to be conducted in an orderly market on the measurement date. Revalued quarterly.
This table reflects valuations as of December 31, 2008. Any assets purchased after this valuation date
are initially recorded at cost until their estimated fair value as of the purchase date becomes available.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement
of condition consistent with consolidation under generally accepted accounting principles. Refer to
the note on consolidation accompanying table 10.
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 9 and table 10.
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 Apr 29, 2009
Net portfolio holdings of Maiden Lane II LLC (1) 18,328
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 18,251
Accrued interest payable to the Federal Reserve Bank of New York (2) 118
Deferred payment and accrued interest payable to subsidiaries of American International
Group, Inc. (3) 1,014
1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if
the transaction were to be conducted in an orderly market on the measurement date. Revalued quarterly.
This table reflects valuations as of December 31, 2008. Any assets purchased after this valuation date
are initially recorded at cost until their estimated fair value as of the purchase date becomes available.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement
of condition consistent with consolidation under generally accepted accounting principles. Refer to the
note on consolidation accompanying table 10.
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 9 and table 10.
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 Apr 29, 2009
Net portfolio holdings of Maiden Lane III LLC (1) 27,449
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 23,542
Accrued interest payable to the Federal Reserve Bank of New York (2) 161
Outstanding principal amount and accrued interest on loan payable to American International
Group, Inc. (3) 5,079
1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if
the transaction were to be conducted in an orderly market on the measurement date. Revalued quarterly.
This table reflects valuations as of December 31, 2008. Any assets purchased after this valuation date
are initially recorded at cost until their estimated fair value as of the purchase date becomes available.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement
of condition consistent with consolidation under generally accepted accounting principles. Refer to the
note on consolidation accompanying table 10.
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 9 and table 10.
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 Apr 29, 2009
Commercial paper holdings, net (1) 178,496
Other investments, net 3,299
Net portfolio holdings of Commercial Paper Funding Facility LLC 181,795
Memorandum: Commercial paper holdings, face value 179,438
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 178,385
Accrued interest payable to the Federal Reserve Bank of New York (2) 53
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 10.
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 LLCs Funded through the Money Market Investor Funding Facility
Millions of dollars
Wednesday
Account name Apr 29, 2009
Money market instrument holdings, net (1) 0
Other investments, net 0
Net portfolio holdings of LLCs funded through the Money Market Investor Funding Facility 0
Memorandum: Money market instrument holdings, face value 0
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 0
Accrued interest payable to the Federal Reserve Bank of New York (2) 0
Commercial paper issued by LLCs funded through the Money Market Investor Funding Facility,
net of related discounts 0
1. Book value, which includes amortized cost.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of
condition consistent with consolidation under generally accepted accounting principles. Refer to the note
on consolidation accompanying table 10.
Note: The Federal Reserve Board authorized the Federal Reserve Bank of New York to extend credit under the
authority of section 13(3) of the Federal Reserve Act to a series of limited liability companies funded through
the Money Market Investor Funding Facility (MMIFF). The MMIFF became operational on November 24, 2008. These
limited liability companies were established to purchase short-term U.S. dollar-denominated certificates of
deposit, bank notes, and outstanding asset-backed commercial paper from eligible issuers. Such purchases are
designed to foster liquidity in short-term money markets.
9. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of dollars
Eliminations Change since
from Wednesday Wednesday Wednesday
Assets, liabilities, and capital consolidation Apr 29, 2009 Apr 22, 2009 Apr 30, 2008
Assets
Gold certificate account 11,037 0 0
Special drawing rights certificate account 2,200 0 0
Coin 1,879 + 9 + 419
Securities, repurchase agreements, term auction
credit, and other loans 1,488,462 - 37,395 + 694,507
Securities held outright 983,358 + 16,288 + 434,666
U.S. Treasury securities (1) 549,046 + 14,077 + 354
Bills (2) 18,423 0 - 51,894
Notes and bonds, nominal (2) 485,057 + 14,025 + 50,740
Notes and bonds, inflation-indexed (2) 40,976 0 + 1,805
Inflation compensation (3) 4,590 + 52 - 297
Federal agency debt securities (2) 68,158 + 3,647 + 68,158
Mortgage-backed securities (4) 366,153 - 1,437 + 366,153
Repurchase agreements (5) 0 0 - 115,500
Term auction credit 403,573 - 52,226 + 303,573
Other loans 101,531 - 1,457 + 71,768
Net portfolio holdings of Commercial Paper
Funding Facility LLC (6) 181,795 - 60,636 + 181,795
Net portfolio holdings of LLCs funded through
the Money Market Investor Funding Facility (7) 0 0 0
Net portfolio holdings of Maiden Lane LLC (8) 26,502 + 21 + 26,502
Net portfolio holdings of Maiden Lane II LLC (9) 18,328 + 75 + 18,328
Net portfolio holdings of
Maiden Lane III LLC (10) 27,449 + 20 + 27,449
Items in process of collection (419) 704 - 99 - 648
Bank premises 2,204 + 13 + 46
Central bank liquidity swaps (11) 249,513 - 33,350 + 213,513
Other assets (12) 58,075 + 1,220 + 16,543
Total assets (419) 2,068,149 - 130,120 +1,178,456
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.
9. Consolidated Statement of Condition of All Federal Reserve Banks (continued)
Millions of dollars
Eliminations Change since
from Wednesday Wednesday Wednesday
Assets, liabilities, and capital consolidation Apr 29, 2009 Apr 22, 2009 Apr 30, 2008
Liabilities
Federal Reserve notes, net of F.R. Bank holdings 863,086 + 126 + 85,996
Reverse repurchase agreements (13) 67,284 + 2,603 + 26,580
Deposits (0) 1,078,143 - 133,029 +1,052,498
Depository institutions 812,930 - 102,843 + 792,631
U.S. Treasury, general account 62,810 - 30,723 + 57,855
U.S. Treasury, supplementary financing account 199,929 0 + 199,929
Foreign official 1,967 + 373 + 1,861
Other (0) 506 + 163 + 221
Deferred availability cash items (419) 3,049 - 715 - 26
Other liabilities and accrued dividends (14) 9,709 + 16 + 6,062
Total liabilities (419) 2,021,270 - 130,999 +1,171,108
Capital accounts
Capital paid in 22,983 + 372 + 3,377
Surplus 21,190 + 9 + 2,714
Other capital accounts 2,706 + 497 + 1,257
Total capital 46,879 + 879 + 7,348
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 10.
7. Refer to table 8 and the note on consolidation accompanying table 10.
8. Refer to table 4 and the note on consolidation accompanying table 10.
9. Refer to table 5 and the note on consolidation accompanying table 10.
10. Refer to table 6 and the note on consolidation accompanying table 10.
11. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when
the foreign currency is returned to the foreign central bank. This exchange rate equals the market
exchange rate used when the foreign currency was acquired from the foreign central bank.
12. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates.
13. Cash value of agreements, which are collateralized by U.S. Treasury securities.
14. Includes the liabilities of Commercial Paper Funding Facility LLC, the LLCs funded through the Money Market
Investor Funding Facility, Maiden Lane LLC, Maiden Lane II LLC, and Maiden Lane III LLC to entities other
than the Federal Reserve Bank of New York, including liabilities that have recourse only to the portfolio
holdings of these LLCs. Refer to table 4 through table 8 and the note on consolidation accompanying table 10.
10. Statement of Condition of Each Federal Reserve Bank, April 29, 2009
Millions of dollars
Kansas San
Assets, liabilities, and capital Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas Francisco
Assets
Gold certificate account 11,037 412 3,895 450 467 882 1,356 911 329 197 335 621 1,182
Special drawing rights certificate acct. 2,200 115 874 83 104 147 166 212 71 30 66 98 234
Coin 1,879 70 84 159 150 252 214 233 40 65 135 180 297
Securities, repurchase agreements, term
auction credit, and other loans 1,488,462 37,389 707,861 39,516 46,339 116,361 124,268 114,453 42,480 17,287 46,664 51,841 144,002
Securities held outright 983,358 18,864 384,370 15,256 38,851 35,437 118,481 106,410 38,524 16,280 44,388 47,547 118,950
U.S. Treasury securities (1) 549,046 10,532 214,609 8,518 21,692 19,786 66,152 59,413 21,510 9,090 24,783 26,547 66,414
Bills (2) 18,423 353 7,201 286 728 664 2,220 1,994 722 305 832 891 2,228
Notes and bonds (3) 530,624 10,179 207,408 8,232 20,964 19,122 63,933 57,419 20,788 8,785 23,952 25,656 64,186
Federal agency debt securities (2) 68,158 1,307 26,641 1,057 2,693 2,456 8,212 7,375 2,670 1,128 3,077 3,296 8,245
Mortgage-backed securities (4) 366,153 7,024 143,120 5,681 14,466 13,195 44,116 39,622 14,344 6,062 16,528 17,704 44,291
Repurchase agreements (5) 0 0 0 0 0 0 0 0 0 0 0 0 0
Term auction credit 403,573 14,622 231,813 24,056 7,488 80,031 5,523 5,969 3,764 738 2,260 3,988 23,323
Other loans 101,531 3,904 91,678 205 0 893 264 2,074 192 269 17 306 1,729
Net portfolio holdings of Commercial
Paper Funding Facility LLC (6) 181,795 0 181,795 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of LLCs funded
through the Money Market Investor
Funding Facility (7) 0 0 0 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of Maiden Lane
LLC (8) 26,502 0 26,502 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of Maiden
Lane II LLC (9) 18,328 0 18,328 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of Maiden
Lane III LLC (10) 27,449 0 27,449 0 0 0 0 0 0 0 0 0 0
Items in process of collection 1,123 29 0 152 146 63 310 65 54 57 24 85 136
Bank premises 2,204 122 222 67 147 234 222 209 134 112 272 249 213
Central bank liquidity swaps (11) 249,513 10,261 61,512 28,137 18,864 72,682 19,588 8,550 2,548 3,942 2,527 3,293 17,608
Other assets (12) 58,075 1,647 19,663 3,230 3,107 8,205 5,886 4,389 1,570 948 1,762 1,959 5,710
Interdistrict settlement account 0 + 31,297 - 22,094 - 11,956 - 3,638 + 31,064 - 1,530 - 26,212 - 12,735 - 854 - 4,124 + 996 + 19,786
Total assets 2,068,568 81,343 1,026,093 59,837 65,686 229,890 150,480 102,810 34,491 21,785 47,663 59,323 189,168
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.
10. Statement of Condition of Each Federal Reserve Bank, April 29, 2009 (continued)
Millions of dollars
Kansas San
Assets, liabilities, and capital Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas Francisco
Liabilities
Federal Reserve notes outstanding 1,049,016 36,901 372,570 40,006 45,254 78,577 134,024 87,420 30,948 20,057 29,009 63,266 110,984
Less: Notes held by F.R. Banks 185,929 4,939 59,699 4,940 7,608 12,458 28,905 12,950 3,986 2,981 3,432 18,807 25,224
Federal Reserve notes, net 863,086 31,961 312,871 35,066 37,646 66,119 105,119 74,471 26,962 17,076 25,577 44,459 85,761
Reverse repurchase agreements (13) 67,284 1,291 26,300 1,044 2,658 2,425 8,107 7,281 2,636 1,114 3,037 3,253 8,139
Deposits 1,078,143 46,009 666,451 18,110 21,519 147,949 33,120 18,716 4,176 2,102 18,326 10,609 91,056
Depository institutions 812,930 45,991 401,472 18,105 21,515 147,758 33,117 18,714 4,171 2,101 18,324 10,608 91,053
U.S. Treasury, general account 62,810 0 62,810 0 0 0 0 0 0 0 0 0 0
U.S. Treasury, supplementary
financing account 199,929 0 199,929 0 0 0 0 0 0 0 0 0 0
Foreign official 1,967 2 1,938 4 3 11 3 1 0 1 0 1 3
Other 506 17 301 0 1 180 0 1 5 0 1 0 0
Deferred availability cash items 3,468 94 0 629 429 119 292 360 78 469 139 218 640
Other liabilities and accrued
dividends (14) 9,709 135 7,085 169 198 463 407 321 159 110 136 184 342
Total liabilities 2,021,689 79,490 1,012,707 55,017 62,451 217,075 147,046 101,149 34,010 20,870 47,215 58,723 185,938
Capital
Capital paid in 22,983 912 6,364 2,379 1,589 6,503 1,663 795 240 487 208 279 1,566
Surplus 21,190 844 5,720 2,316 1,552 5,981 1,612 704 210 324 208 271 1,449
Other capital 2,706 97 1,302 125 95 331 159 163 32 104 32 50 215
Total liabilities and capital 2,068,568 81,343 1,026,093 59,837 65,686 229,890 150,480 102,810 34,491 21,785 47,663 59,323 189,168
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.
10. Statement of Condition of Each Federal Reserve Bank, April 29, 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 8 and the note on consolidation below.
8. Refer to table 4 and the note on consolidation below.
9. Refer to table 5 and the note on consolidation below.
10. Refer to table 6 and the note on consolidation below.
11. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This
exchange rate equals the market exchange rate used when the foreign currency was acquired from the foreign central bank.
12. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates.
13. Cash value of agreements, which are collateralized by U.S. Treasury securities.
14. Includes the liabilities of Commercial Paper Funding Facility LLC, the LLCs funded through the Money Market Investor Funding Facility, Maiden Lane LLC, Maiden Lane II LLC, and Maiden
Lane III 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 October 21, 2008, the Federal Reserve Board authorized the FRBNY
to extend credit to a series of LLCs funded through the Money Market Investor Funding Facility. These LLCs, which became operational on November 24, 2008, were established to purchase
short-term U.S. dollar-denominated certificates of deposit, bank notes, and commercial paper from eligible issuers. On November 25, 2008, a loan was extended to Maiden Lane III LLC,
which was formed to purchase multi-sector collateralized debt obligations on which the Financial Products group of the American International Group, Inc. has written credit default swap
contracts. On December 12, 2008, a loan was extended to Maiden Lane II LLC, which was formed to purchase residential mortgage-backed securities from the U.S. securities lending
reinvestment portfolio of subsidiaries of American International Group, Inc.
The FRBNY is the sole beneficiary of Commercial Paper Funding Facility LLC and the primary beneficiary of the other LLCs cited above. Consistent with generally accepted accounting principles,
the assets and liabilities of these LLCs have been consolidated with the assets and liabilities of the FRBNY in the preparation of the statements of condition shown on this release. As a
consequence of the consolidation, the extensions of credit from the FRBNY to the LLCs are eliminated, the net assets of the LLCs appear as assets on the previous page (and in table 1 and
table 9), 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 9).
11. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts
Millions of dollars
Federal Reserve notes and collateral Wednesday
Apr 29, 2009
Federal Reserve notes outstanding 1,049,016
Less: Notes held by F.R. Banks not subject to collateralization 185,929
Federal Reserve notes to be collateralized 863,086
Collateral held against Federal Reserve notes 863,086
Gold certificate account 11,037
Special drawing rights certificate account 2,200
U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 849,850
Other assets pledged 0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 983,358
Less: Face value of securities under reverse repurchase agreements 64,738
U.S. Treasury, agency debt, and mortgage-backed securities
eligible to be pledged 918,620
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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