Federal Reserve Statistical Release, H.4.1, Factors Affecting Reserve Balances; title with eagle logo links to Statistical Release home page
Release Date: April 15, 2010
Release dates | Historical data | Data Download Program (DDP) | About | Announcements
Current release  Other formats: Screen reader | ASCII | PDF (21 KB)
Try data download now image link
FEDERAL RESERVE statistical release
H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
                                                                                               April 15, 2010
 
1. Factors Affecting Reserve Balances of Depository Institutions
Millions of dollars
Reserve Bank credit, related items, and                         Averages of daily figures         Wednesday  
reserve balances of depository institutions at             Week ended   Change from week ended   Apr 14, 2010
Federal Reserve Banks                                     Apr 14, 2010  Apr 7, 2010 Apr 15, 2009
 
Reserve Bank credit                                        2,297,754   +    7,953   +  199,028    2,321,711
  Securities held outright (1)                             2,023,898   +    9,491   +1,164,358    2,047,487
    U.S. Treasury securities                                 776,709   +        2   +  262,144      776,711
      Bills (2)                                               18,423            0            0       18,423
      Notes and bonds, nominal (2)                           708,872            0   +  256,280      708,872
      Notes and bonds, inflation-indexed (2)                  43,777            0   +    4,386       43,777
      Inflation compensation (3)                               5,638   +        3   +    1,480        5,639
    Federal agency debt securities (2)                       168,915   -       73   +  111,155      168,903
    Mortgage-backed securities (4)                         1,078,273   +    9,560   +  791,058    1,101,874
  Repurchase agreements (5)                                        0            0            0            0
  Term auction credit                                              0   -    3,410   -  455,800            0
  Other loans                                                 80,063   -      351   -   34,356       79,325
    Primary credit                                             6,770   -      435   -   41,720        6,357
    Secondary credit                                             600            0   +      533          600
    Seasonal credit                                               21   +       10   +       19           24
    Primary dealer and other broker-dealer credit (6)              0            0   -   12,886            0
    Asset-Backed Commercial Paper Money Market
       Mutual Fund Liquidity Facility                              0            0   -    2,695            0
    Credit extended to American International
       Group, Inc., net (7)                                   25,538   +      126   -   19,568       25,299
    Term Asset-Backed Securities Loan Facility (8)            47,133   -       53   +   41,959       47,044
    Other credit extensions                                        0            0            0            0
  Net portfolio holdings of Commercial Paper
     Funding Facility LLC (9)                                  7,800   +       11   -  242,448        7,809
  Net portfolio holdings of Maiden Lane LLC (10)              27,432   +       61   +    1,028       27,522
  Net portfolio holdings of Maiden Lane II LLC (11)           15,191   -      153   -    3,037       15,191
  Net portfolio holdings of Maiden Lane III LLC (12)          21,930   -      137   -    5,429       22,036
  Net portfolio holdings of TALF LLC (13)                        404            0   +      404          404
  Preferred interests in AIA Aurora LLC and ALICO
     Holdings LLC (14)                                        25,416            0   +   25,416       25,416
  Float                                                       -1,791   +      297   +      348       -2,249
  Central bank liquidity swaps (15)                                0            0   -  293,533            0
  Other Federal Reserve assets (16)                           97,413   +    2,146   +   42,078       98,770
Gold stock                                                    11,041            0            0       11,041
Special drawing rights certificate account                     5,200            0   +    3,000        5,200
Treasury currency outstanding (17)                            42,867   +       14   +      555       42,867

Total factors supplying reserve funds                      2,356,862   +    7,967   +  202,583    2,380,819
 
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.

 
1. Factors Affecting Reserve Balances of Depository Institutions (continued)
Millions of dollars
Reserve Bank credit, related items, and                         Averages of daily figures         Wednesday  
reserve balances of depository institutions at             Week ended   Change from week ended   Apr 14, 2010
Federal Reserve Banks                                     Apr 14, 2010  Apr 7, 2010 Apr 15, 2009
 
Currency in circulation (17)                                 935,455   +       30   +   30,632      936,020
Reverse repurchase agreements (18)                            54,680   -      705   -   16,699       55,226
  Foreign official and international accounts                 54,680   -      705   -   16,699       55,226
  Dealers                                                          0            0            0            0
Treasury cash holdings                                           208   -       12   -      115          234
Deposits with F.R. Banks, other than reserve balances        204,137   +   22,762   -   79,625      258,842
  U.S. Treasury, general account                              11,666   -    7,425   -   30,200        9,478
  U.S. Treasury, supplementary financing account             174,967   +   24,994   -   24,962      174,967
  Foreign official                                             3,217   +      190   +      743        2,646
  Service-related                                              2,707   -        9   -    1,698        2,707
    Required clearing balances                                 2,707   -        9   -    1,661        2,707
    Adjustments to compensate for float                            0            0   -       37            0
  Other                                                       11,580   +    5,012   -   23,508       69,044
Other liabilities and capital (19)                            68,209   +    2,475   +   12,100       69,513

Total factors, other than reserve balances,
   absorbing reserve funds                                 1,262,689   +   24,549   -   53,706    1,319,834

Reserve balances with Federal Reserve Banks                1,094,173   -   16,582   +  256,290    1,060,985
 
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.
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, accrued dividends on the Federal Reserve Bank of New York's (FRBNY) preferred interests in AIA
    Aurora LLC and ALICO Holdings LLC, and the fair value adjustment to credit extended by the FRBNY to
    eligible borrowers through the Term Asset-Backed Securities Loan Facility.
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
                                                                Averages of daily figures         Wednesday  
                                                           Week ended   Change from week ended   Apr 14, 2010
Memorandum item                                           Apr 14, 2010  Apr 7, 2010 Apr 15, 2009
 
Marketable securities held in custody for foreign
   official and international accounts (1)                 3,034,407   +    9,868   +  393,370    3,039,276
  U.S. Treasury securities                                 2,251,042   +    6,354   +  418,644    2,254,640
  Federal agency securities (2)                              783,365   +    3,514   -   25,275      784,636
Securities lent to dealers                                     6,529   +      653   -   50,637        5,703
  Overnight facility (3)                                       6,529   +      653   +    3,613        5,703
    U.S. Treasury securities                                   5,329   +      749   +    2,413        4,484
    Federal agency debt securities                             1,200   -       95   +    1,200        1,219
  Term facility (4)                                                0            0   -   54,250            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,     April 14, 2010
Millions of dollars
                                       Within 15    16 days to   91 days to  Over 1 year  Over 5 years    Over 10        All     
Remaining maturity                        days       90 days       1 year     to 5 years   to 10 years     years    
 
Term auction credit                            0            0          ...          ...          ...           ...            0
Other loans (1)                            6,966           15            0       72,344            0           ...       79,325
U.S. Treasury securities (2)
  Holdings                                18,487       21,564       45,336      331,964      215,415       143,944      776,711
  Weekly changes                      -    3,520   +    3,520            0   +        1            0    +        1   +        3
Federal agency debt securities (3)
  Holdings                                     0        6,792       31,223       94,993       33,548         2,347      168,903
  Weekly changes                      -       85   +    2,651   -    1,044   -      625   -      982             0   -       85
Mortgage-backed securities (4)
  Holdings                                     0            0            0           34           21     1,101,820    1,101,874
  Weekly changes                               0            0            0            0            0    +   33,138   +   33,138
Commercial paper held by
   Commercial Paper Funding
   Facility LLC (5)                        2,966            0            0          ...          ...           ...        2,966
Asset-backed securities held by
   TALF LLC (6)                                0            0            0            0            0             0            0
Repurchase agreements (7)                      0            0          ...          ...          ...           ...            0

Reverse repurchase agreements (7)         55,226            0          ...          ...          ...           ...       55,226
 
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.

 
3. Supplemental Information on Mortgage-Backed Securities Purchase Program
Millions of dollars
                                                                                                                        Wednesday   
Account name                                                                                                           Apr 14, 2010 
 
Mortgage-backed securities held outright (1)                                                                           1,101,874

Commitments to buy mortgage-backed securities (2)                                                                         71,280
Commitments to sell mortgage-backed securities (2)                                                                           718

Cash and cash equivalents (3)                                                                                                568
 
1. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal
   balance of the underlying mortgages.
2. Current face value. Generally settle within 180 days and include commitments associated with outright transactions as well as
   dollar rolls.
3. This amount is included in other Federal Reserve assets in table 1 and in other assets in table 10 and table 11.

 
4. Information on Principal Accounts of Maiden Lane LLC
Millions of dollars
                                                                                                                        Wednesday   
Account name                                                                                                           Apr 14, 2010 
 
Net portfolio holdings of Maiden Lane LLC (1)                                                                             27,522

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)                                                         466
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3)                              1,266
 
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, 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
                                                                                                                        Wednesday   
Account name                                                                                                           Apr 14, 2010 
 
Net portfolio holdings of Maiden Lane II LLC (1)                                                                          15,191

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                 14,756
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                         320
Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc. (3)                    1,046
 
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, 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
                                                                                                                        Wednesday   
Account name                                                                                                           Apr 14, 2010 
 
Net portfolio holdings of Maiden Lane III LLC (1)                                                                         22,036

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                 16,583
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                         403
Outstanding principal amount and accrued interest on loan payable to American International Group, Inc. (3)                5,241
 
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, 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
                                                                                                                        Wednesday   
Account name                                                                                                           Apr 14, 2010 
 
Commercial paper holdings, net (1)                                                                                         2,938
Other investments, net                                                                                                     4,871
Net portfolio holdings of Commercial Paper Funding Facility LLC                                                            7,809

Memorandum: Commercial paper holdings, face value                                                                          2,966

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                  2,942
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                           2
 
1. Book value, which includes amortized cost and related fees.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent
   with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 11.

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

 
8. Information on Principal Accounts of TALF LLC
Millions of dollars
                                                                                                                        Wednesday   
Account name                                                                                                           Apr 14, 2010 
 
Asset-backed securities holdings (1)                                                                                           0
Other investments, net                                                                                                       404
Net portfolio holdings of TALF LLC                                                                                           404

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

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

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

 
9. Supplemental Information on the Federal Reserve Bank of New York's Preferred Interests in
AIA Aurora LLC and ALICO Holdings LLC
Millions of dollars
                                                                                                                        Wednesday   
Account name                                                                                                           Apr 14, 2010 
 
Preferred interests in AIA Aurora LLC and ALICO Holdings LLC (1)                                                          25,416
Accrued dividends on preferred interests in AIA Aurora LLC and ALICO Holdings LLC (2)                                         49

Preferred interests in AIA Aurora LLC (1)                                                                                 16,266
Accrued dividends on preferred interests in AIA Aurora LLC (2)                                                                31

Preferred interests in ALICO Holdings LLC (1)                                                                              9,150
Accrued dividends on preferred interests in ALICO Holdings LLC (2)                                                            18
 
Note: Components may not sum to totals because of rounding.

1. Book value.
2. This amount is included in other Federal Reserve assets in table 1 and in other assets in table 10 and table 11.

Note on preferred interests:

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

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

 
10. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of dollars
                                                       Eliminations from  Wednesday         Change since       
                                                        consolidation   Apr 14, 2010   Wednesday    Wednesday  
Assets, liabilities, and capital                                                       Apr 7, 2010 Apr 15, 2009
 
Assets
  Gold certificate account                                                  11,037             0            0
  Special drawing rights certificate account                                 5,200             0   +    3,000
  Coin                                                                       2,067             0   +      229
  Securities, repurchase agreements, term auction
     credit, and other loans                                             2,126,812    +   28,654   +  616,630
    Securities held outright (1)                                         2,047,487    +   33,055   +1,104,306
      U.S. Treasury securities                                             776,711    +        3   +  250,608
        Bills (2)                                                           18,423             0            0
        Notes and bonds, nominal (2)                                       708,872             0   +  244,840
        Notes and bonds, inflation-indexed (2)                              43,777             0   +    4,304
        Inflation compensation (3)                                           5,639    +        3   +    1,463
      Federal agency debt securities (2)                                   168,903    -       85   +  107,462
      Mortgage-backed securities (4)                                     1,101,874    +   33,138   +  746,237
    Repurchase agreements (5)                                                    0             0            0
    Term auction credit                                                          0    -    3,410   -  455,799
    Other loans                                                             79,325    -      991   -   31,877
  Net portfolio holdings of Commercial Paper
     Funding Facility LLC (6)                                                7,809    +       12   -  230,630
  Net portfolio holdings of Maiden Lane LLC (7)                             27,522    +      105   +    1,083
  Net portfolio holdings of Maiden Lane II LLC (8)                          15,191             0   -    3,043
  Net portfolio holdings of Maiden Lane III LLC (9)                         22,036    +      123   -    5,376
  Net portfolio holdings of TALF LLC (10)                                      404             0   +      404
  Preferred interests in AIA Aurora LLC and ALICO
     Holdings LLC (11)                                                      25,416             0   +   25,416
  Items in process of collection                             (63)              184    -       36   -      655
  Bank premises                                                              2,239    +        2   +       52
  Central bank liquidity swaps (12)                                              0             0   -  293,533
  Other assets (13)                                                         96,820    +    2,924   +   41,204

Total assets                                                 (63)        2,342,737    +   31,784   +  154,780
 
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.

 
10. Consolidated Statement of Condition of All Federal Reserve Banks (continued)
Millions of dollars
                                                       Eliminations from  Wednesday         Change since       
                                                        consolidation   Apr 14, 2010   Wednesday    Wednesday  
Assets, liabilities, and capital                                                       Apr 7, 2010 Apr 15, 2009
 
Liabilities
  Federal Reserve notes, net of F.R. Bank holdings                         895,450    -      845   +   30,224
  Reverse repurchase agreements (14)                                        55,226    -      865   -   15,401
  Deposits                                                    (0)        1,320,115    +   29,979   +  127,476
    Depository institutions                                              1,063,980    -   50,308   +  169,076
    U.S. Treasury, general account                                           9,478    -   10,961   -   85,031
    U.S. Treasury, supplementary financing account                         174,967    +   24,994   -   24,962
    Foreign official                                                         2,646    -    2,429   -      129
    Other                                                     (0)           69,044    +   68,684   +   68,523
  Deferred availability cash items                           (63)            2,433    -       33   -    1,003
  Other liabilities and accrued dividends (15)                              15,173    +    2,244   +    4,874

Total liabilities                                            (63)        2,288,397    +   30,480   +  146,171

Capital accounts
  Capital paid in                                                           26,223    -       35   +    3,622
  Surplus                                                                   25,556    +      217   +    4,383
  Other capital accounts                                                     2,562    +    1,124   +      605

Total capital                                                               54,340    +    1,305   +    8,609
 
Note: Components may not sum to totals because of rounding.

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


 
11. Statement of Condition of Each Federal Reserve Bank,     April 14, 2010
Millions of dollars
                                               Total      Boston     New York   Philadelphia Cleveland   Richmond     Atlanta     Chicago    St. Louis  Minneapolis   Kansas      Dallas        San    
Assets, liabilities, and capital                                                                                                                                       City                  Francisco 
 
Assets
  Gold certificate account                      11,037         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                                           2,067          76          77         163         150         309         188         326          25          67         144         201         342
  Securities, repurchase agreements,
     term auction credit, and other
     loans                                   2,126,812      39,282     879,456      31,783      80,892      73,786     246,722     221,585      80,231      33,975      92,424      98,999     247,676
    Securities held outright (1)             2,047,487      39,277     800,312      31,765      80,892      73,785     246,694     221,560      80,213      33,897      92,422      98,999     247,671
      U.S. Treasury securities                 776,711      14,900     303,597      12,050      30,686      27,990      93,583      84,048      30,429      12,859      35,060      37,555      93,953
        Bills (2)                               18,423         353       7,201         286         728         664       2,220       1,994         722         305         832         891       2,228
        Notes and bonds (3)                    758,288      14,546     296,396      11,764      29,958      27,326      91,363      82,055      29,707      12,554      34,228      36,664      91,725
      Federal agency debt securities (2)       168,903       3,240      66,020       2,620       6,673       6,087      20,350      18,277       6,617       2,796       7,624       8,167      20,431
      Mortgage-backed securities (4)         1,101,874      21,137     430,695      17,095      43,533      39,708     132,761     119,235      43,167      18,242      49,738      53,277     133,286
    Repurchase agreements (5)                        0           0           0           0           0           0           0           0           0           0           0           0           0
    Term auction credit                              0           0           0           0           0           0           0           0           0           0           0           0           0
    Other loans                                 79,325           5      79,144          18           0           1          28          25          19          78           2           0           5
  Net portfolio holdings of Commercial
     Paper Funding Facility LLC (6)              7,809           0       7,809           0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of Maiden
     Lane LLC (7)                               27,522           0      27,522           0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of Maiden
     Lane II LLC (8)                            15,191           0      15,191           0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of Maiden
     Lane III LLC (9)                           22,036           0      22,036           0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of TALF LLC (10)          404           0         404           0           0           0           0           0           0           0           0           0           0
  Preferred interests in AIA Aurora LLC
     and ALICO Holdings LLC (11)                25,416           0      25,416           0           0           0           0           0           0           0           0           0           0
  Items in process of collection                   247          13           0          18          69           8          17          18           4          28          14          33          24
  Bank premises                                  2,239         123         260          70         143         238         220         209         136         109         266         251         212
  Central bank liquidity swaps (12)                  0           0           0           0           0           0           0           0           0           0           0           0           0
  Other assets (13)                             96,820       2,316      35,565       3,849       4,666       9,635      10,123       8,260       3,038       1,893       3,421       3,805      10,251
  Interdistrict settlement account                   0   +   7,044   +  91,212   +  37,928   -  23,989   + 221,362   - 100,831   - 106,212   -  41,585   +  17,054   -  41,209   -  28,004   -  32,768

Total assets                                 2,342,800      49,461   1,110,661      74,472      62,635     306,633     158,448     125,521      42,329      53,413      55,548      76,187     227,493
 
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,     April 14, 2010 (continued)
Millions of dollars
                                               Total      Boston     New York   Philadelphia Cleveland   Richmond     Atlanta     Chicago    St. Louis  Minneapolis   Kansas      Dallas        San    
Assets, liabilities, and capital                                                                                                                                       City                  Francisco 
 
Liabilities
  Federal Reserve notes outstanding          1,076,356      34,957     389,443      38,291      44,486      84,450     136,085      86,728      32,325      20,116      28,761      65,946     114,767
    Less: Notes held by F.R. Banks             180,906       4,130      59,464       5,635       8,329      11,004      32,256      11,573       4,097       2,926       3,711      12,817      24,965
      Federal Reserve notes, net               895,450      30,827     329,979      32,656      36,157      73,446     103,829      75,155      28,228      17,190      25,050      53,129      89,802
  Reverse repurchase agreements (14)            55,226       1,059      21,586         857       2,182       1,990       6,654       5,976       2,164         914       2,493       2,670       6,680
  Deposits                                   1,320,115      15,384     733,201      34,883      19,414     218,083      43,575      42,019      11,018      33,208      27,088      18,987     123,255
    Depository institutions                  1,063,980      15,382     477,235      34,879      19,410     217,944      43,573      42,012      11,015      33,207      27,087      18,986     123,250
    U.S. Treasury, general account               9,478           0       9,478           0           0           0           0           0           0           0           0           0           0
    U.S. Treasury, supplementary
       financing account                       174,967           0     174,967           0           0           0           0           0           0           0           0           0           0
    Foreign official                             2,646           1       2,618           4           3          11           2           1           0           1           0           1           3
    Other                                       69,044           1      68,903           0           1         127           0           6           2           0           1           0           3
  Deferred availability cash items               2,496          64           0         215         609          85         148         159          58         448          98         110         501
  Other liabilities and accrued
     dividends (15)                             15,173         224       9,913         253         376         591         888         789         323         189         330         401         894

Total liabilities                            2,288,460      47,560   1,094,680      68,865      58,738     294,195     155,095     124,098      41,790      51,950      55,059      75,297     221,132

Capital
  Capital paid in                               26,223         913       7,562       2,939       1,902       5,343       1,560         613         239         718         210         409       3,814
  Surplus                                       25,556         945       7,536       2,668       1,910       7,095       1,581         620         240         712         210         353       1,687
  Other capital                                  2,562          43         884           0          84           0         212         190          60          33          69         128         858

Total liabilities and capital                2,342,800      49,461   1,110,661      74,472      62,635     306,633     158,448     125,521      42,329      53,413      55,548      76,187     227,493
 
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,     April 14, 2010 (continued)
1. Includes securities lent to dealers under the overnight and term securities lending facilities; refer to table 1A.
2. Face value of the securities.
3. Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face value of such securities.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the underlying mortgages.
5. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.
6. Refer to table 7 and the note on consolidation below.
7. Refer to table 4 and the note on consolidation below.
8. Refer to table 5 and the note on consolidation below.
9.  Refer to table 6 and the note on consolidation below.
10. Refer to table 8 and the note on consolidation below.
11. Refer to table 9.
12. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals
    the market exchange rate used when the foreign currency was acquired from the foreign central bank.
13. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates, accrued dividends on the Federal Reserve Bank of New York's (FRBNY) preferred interests
    in AIA Aurora LLC and ALICO Holdings LLC, and the fair value adjustment to credit extended by the FRBNY to eligible borrowers through the Term Asset-Backed Securities Loan Facility.
14. Cash value of agreements, which are collateralized by U.S. Treasury securities and federal agency debt securities.
15. Includes the liabilities of Commercial Paper Funding Facility LLC, Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to entities other than the Federal Reserve Bank of New
    York, including liabilities that have recourse only to the portfolio holdings of these LLCs. Refer to table 4 through table 8 and the note on consolidation below.


Note on consolidation:

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

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

 
12. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts
Millions of dollars
                                                                                            Wednesday   
Federal Reserve notes and collateral                                                       Apr 14, 2010 
 
Federal Reserve notes outstanding                                                          1,076,356
  Less: Notes held by F.R. Banks not subject to collateralization                            180,906
    Federal Reserve notes to be collateralized                                               895,450
Collateral held against Federal Reserve notes                                                895,450
  Gold certificate account                                                                    11,037
  Special drawing rights certificate account                                                   5,200
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   879,213
  Other assets pledged                                                                             0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                     2,047,487
  Less: Face value of securities under reverse repurchase agreements                          54,844
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged      1,992,643
 
Note: Components may not sum to totals because of rounding.

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

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

Statistical releases