Federal Reserve Statistical Release, H.4.1, Factors Affecting Reserve Balances; title with eagle logo links to Statistical Release home page
Release Date: July 1, 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
                                                                                                 July 1, 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   Jun 30, 2010
Federal Reserve Banks                                     Jun 30, 2010 Jun 23, 2010  Jul 1, 2009
 
Reserve Bank credit                                        2,316,262   -   11,887   +  329,309    2,313,776
  Securities held outright (1)                             2,061,501   -    9,585   +  845,174    2,059,878
    U.S. Treasury securities                                 776,982   +       19   +  119,987      776,989
      Bills (2)                                               18,423            0            0       18,423
      Notes and bonds, nominal (2)                           712,023            0   +  121,275      712,023
      Notes and bonds, inflation-indexed (2)                  41,125            0   -    1,678       41,125
      Inflation compensation (3)                               5,410   +       18   +      388        5,417
    Federal agency debt securities (2)                       165,249   -      450   +   68,451      164,762
    Mortgage-backed securities (4)                         1,119,271   -    9,153   +  656,737    1,118,127
  Repurchase agreements (5)                                        0            0            0            0
  Term auction credit                                              0            0   -  282,808            0
  Other loans                                                 67,847   -    1,578   -   51,028       67,825
    Primary credit                                               162   +       11   -   35,748          611
    Secondary credit                                              79   -       71   +       76            0
    Seasonal credit                                               70   -        2   +        7           61
    Asset-Backed Commercial Paper Money Market
       Mutual Fund Liquidity Facility                              0            0   -   14,922            0
    Credit extended to American International
       Group, Inc., net (6)                                   24,857   -      899   -   17,977       24,676
    Term Asset-Backed Securities Loan Facility (7)            42,681   -      615   +   17,538       42,477
    Other credit extensions                                        0            0            0            0
  Net portfolio holdings of Commercial Paper
     Funding Facility LLC (8)                                      1            0   -  119,668            1
  Net portfolio holdings of Maiden Lane LLC (9)               28,429   +       16   +    2,533       28,498
  Net portfolio holdings of Maiden Lane II LLC (10)           15,713   +       12   -      276       15,763
  Net portfolio holdings of Maiden Lane III LLC (11)          23,200   +        6   +    3,038       23,208
  Net portfolio holdings of TALF LLC (12)                        506   +       16   +      506          506
  Preferred interests in AIA Aurora LLC and ALICO
     Holdings LLC (13)                                        25,461   +       45   +   25,461       25,733
  Float                                                       -1,664   +       57   +      325       -1,948
  Central bank liquidity swaps (14)                            1,245            0   -  114,054        1,245
  Other Federal Reserve assets (15)                           94,022   -      876   +   20,104       93,068
Gold stock                                                    11,041            0            0       11,041
Special drawing rights certificate account                     5,200            0   +    3,000        5,200
Treasury currency outstanding (16)                            43,168   +       14   +      741       43,168

Total factors supplying reserve funds                      2,375,671   -   11,873   +  333,050    2,373,185
 
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   Jun 30, 2010
Federal Reserve Banks                                     Jun 30, 2010 Jun 23, 2010  Jul 1, 2009
 
Currency in circulation (16)                                 941,373   +    2,036   +   33,437      945,095
Reverse repurchase agreements (17)                            64,924   +    4,193   -    5,966       67,223
  Foreign official and international accounts                 64,924   +    4,193   -    5,966       67,223
  Dealers                                                          0            0            0            0
Treasury cash holdings                                           229   +        7   -       92          233
Deposits with F.R. Banks, other than reserve balances        253,493   -      768   -   28,577      319,937
  Term deposits held by depository institutions                1,152            0   +    1,152        1,152
  U.S. Treasury, general account                              40,112   -    5,740   -   31,878       87,615
  U.S. Treasury, supplementary financing account             199,965   +        2   +       26      199,965
  Foreign official                                             1,789   -      444   -      190        1,214
  Service-related                                              2,475            0   -    1,715        2,475
    Required clearing balances                                 2,475            0   -    1,715        2,475
    Adjustments to compensate for float                            0            0            0            0
  Other                                                        7,998   +    5,414   +    4,025       27,516
Other liabilities and capital (18)                            72,356   -      197   +   17,755       70,931

Total factors, other than reserve balances,
   absorbing reserve funds                                 1,332,376   +    5,272   +   16,558    1,403,419

Reserve balances with Federal Reserve Banks                1,043,295   -   17,145   +  316,493      969,767
 
Note: Components may not sum to totals because of rounding.

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

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

 
1A. Memorandum Items
Millions of dollars
                                                                Averages of daily figures         Wednesday  
                                                           Week ended   Change from week ended   Jun 30, 2010
Memorandum item                                           Jun 30, 2010 Jun 23, 2010  Jul 1, 2009
 
Marketable securities held in custody for foreign
   official and international accounts (1)                 3,097,700   +    7,771   +  331,545    3,102,777
  U.S. Treasury securities                                 2,272,950   +    9,678   +  312,722    2,278,574
  Federal agency securities (2)                              824,750   -    1,907   +   18,822      824,203
Securities lent to dealers                                     7,280   +    3,867   -   11,198       13,933
  Overnight facility (3)                                       7,280   +    3,867   -    4,448       13,933
    U.S. Treasury securities                                   5,646   +    3,422   -    6,082       11,762
    Federal agency debt securities                             1,633   +      445   +    1,633        2,171
  Term facility (4)                                                0            0   -    6,750            0
 
Note: Components may not sum to totals because of rounding.

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

 
2. Maturity Distribution of Securities, Loans, and  Selected Other Assets and Liabilities,      June 30, 2010
Millions of dollars
                                       Within 15    16 days to   91 days to  Over 1 year  Over 5 years    Over 10        All     
Remaining maturity                        days       90 days       1 year     to 5 years   to 10 years     years    
 
Other loans (1)                              668            4            0       67,152            0           ...       67,825
U.S. Treasury securities (2)
  Holdings                                16,028       13,766       56,099      332,051      215,211       143,834      776,989
  Weekly changes                      +      674   -    3,890   +    3,414   -    1,086   +      898    +        8   +       19
Federal agency debt securities (3)
  Holdings                                 2,651        8,006       37,401       80,809       33,548         2,347      164,762
  Weekly changes                      +    1,799   -    2,651   +    1,661   -    1,661            0             0   -      852
Mortgage-backed securities (4)
  Holdings                                     0            0            0           30           19     1,118,077    1,118,127
  Weekly changes                               0            0            0   -        1   -        1    -   10,533   -   10,534
Commercial paper held by
   Commercial Paper Funding
   Facility LLC (5)                            0            0            0          ...          ...           ...            0
Asset-backed securities held by
   TALF LLC (6)                                0            0            0            0            0             0            0
Repurchase agreements (7)                      0            0          ...          ...          ...           ...            0
Central bank liquidity swaps (8)               0        1,245            0            0            0             0        1,245

Reverse repurchase agreements (7)         67,223            0          ...          ...          ...           ...       67,223
Term deposits                              1,152            0            0          ...          ...           ...        1,152
 
Note: Components may not sum to totals because of rounding.
. . . Not applicable.

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

 
3. Supplemental Information on Mortgage-Backed Securities Purchase Program
Millions of dollars
                                                                                                                        Wednesday   
Account name                                                                                                           Jun 30, 2010 
 
Mortgage-backed securities held outright (1)                                                                           1,118,127

Commitments to buy mortgage-backed securities (2)                                                                         18,197
Commitments to sell mortgage-backed securities (2)                                                                         2,500

Cash and cash equivalents (3)                                                                                                418
 
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                                                                                                           Jun 30, 2010 
 
Net portfolio holdings of Maiden Lane LLC (1)                                                                             28,498

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)                                                         512
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3)                              1,280
 
1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to
   be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of
       March 31, 2010. Any assets purchased after this valuation date are initially recorded at cost until their estimated fair
   value as of the purchase date becomes available.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent
   with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 11.
3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities
   and accrued dividends in table 10 and table 11.

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

 
5. Information on Principal Accounts of Maiden Lane II LLC
Millions of dollars
                                                                                                                        Wednesday   
Account name                                                                                                           Jun 30, 2010 
 
Net portfolio holdings of Maiden Lane II LLC (1)                                                                          15,763

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                 14,311
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                         361
Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc. (3)                    1,053
 
1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to
   be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of
       March 31, 2010. Any assets purchased after this valuation date are initially recorded at cost until their estimated fair
   value as of the purchase date becomes available.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent
   with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 11.
3. Book value. The deferred payment represents the portion of the proceeds of the net portfolio holdings due to subsidiaries of
   American International Group, Inc. in accordance with the asset purchase agreement. The fair value of this payment and accrued
   interest payable are included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table
   10 and table 11.

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

 
6. Information on Principal Accounts of Maiden Lane III LLC
Millions of dollars
                                                                                                                        Wednesday   
Account name                                                                                                           Jun 30, 2010 
 
Net portfolio holdings of Maiden Lane III LLC (1)                                                                         23,208

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                 15,846
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                         448
Outstanding principal amount and accrued interest on loan payable to American International Group, Inc. (3)                5,278
 
1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to
   be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of
       March 31, 2010. Any assets purchased after this valuation date are initially recorded at cost until their estimated fair
   value as of the purchase date becomes available.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent
   with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 11.
3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities
   and accrued dividends in table 10 and table 11.

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

 
7. Information on Principal Accounts of Commercial Paper Funding Facility LLC
Millions of dollars
                                                                                                                        Wednesday   
Account name                                                                                                           Jun 30, 2010 
 
Commercial paper holdings, net (1)                                                                                             0
Other investments, net                                                                                                         1
Net portfolio holdings of Commercial Paper Funding Facility LLC                                                                1

Memorandum: Commercial paper holdings, face value                                                                              0

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                      0
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                           0
 
1. Book value, which includes amortized cost and related fees.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent
   with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 11.

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

 
8. Information on Principal Accounts of TALF LLC
Millions of dollars
                                                                                                                        Wednesday   
Account name                                                                                                           Jun 30, 2010 
 
Asset-backed securities holdings (1)                                                                                           0
Other investments, net                                                                                                       506
Net portfolio holdings of TALF LLC                                                                                           506

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                                                                                                           Jun 30, 2010 
 
Preferred interests in AIA Aurora LLC and ALICO Holdings LLC (1)                                                          25,733
Accrued dividends on preferred interests in AIA Aurora LLC and ALICO Holdings LLC (2)                                          0

Preferred interests in AIA Aurora LLC (1)                                                                                 16,469
Accrued dividends on preferred interests in AIA Aurora LLC (2)                                                                 0

Preferred interests in ALICO Holdings LLC (1)                                                                              9,264
Accrued dividends on preferred interests in ALICO Holdings LLC (2)                                                             0
 
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   Jun 30, 2010   Wednesday    Wednesday  
Assets, liabilities, and capital                                                      Jun 23, 2010  Jul 1, 2009
 
Assets
  Gold certificate account                                                  11,037             0            0
  Special drawing rights certificate account                                 5,200             0   +    3,000
  Coin                                                                       1,975    -       17   +      197
  Securities, repurchase agreements, term auction
     credit, and other loans                                             2,127,703    -   11,917   +  502,083
    Securities held outright (1)                                         2,059,878    -   11,366   +  836,136
      U.S. Treasury securities                                             776,989    +       19   +  113,519
        Bills (2)                                                           18,423             0            0
        Notes and bonds, nominal (2)                                       712,023             0   +  114,811
        Notes and bonds, inflation-indexed (2)                              41,125             0   -    1,678
        Inflation compensation (3)                                           5,417    +       18   +      385
      Federal agency debt securities (2)                                   164,762    -      852   +   66,934
      Mortgage-backed securities (4)                                     1,118,127    -   10,534   +  655,683
    Repurchase agreements (5)                                                    0             0            0
    Term auction credit                                                          0             0   -  282,808
    Other loans                                                             67,825    -      551   -   51,245
  Net portfolio holdings of Commercial Paper
     Funding Facility LLC (6)                                                    1             0   -  114,692
  Net portfolio holdings of Maiden Lane LLC (7)                             28,498    +       81   +    2,573
  Net portfolio holdings of Maiden Lane II LLC (8)                          15,763    +       58   -      298
  Net portfolio holdings of Maiden Lane III LLC (9)                         23,208    +        9   +    3,036
  Net portfolio holdings of TALF LLC (10)                                      506             0   +      506
  Preferred interests in AIA Aurora LLC and ALICO
     Holdings LLC (11)                                                      25,733    +      317   +   25,733
  Items in process of collection                             (50)              264    +       20   -      512
  Bank premises                                                              2,235    -        1   +       39
  Central bank liquidity swaps (12)                                          1,245             0   -  113,340
  Other assets (13)                                                         90,928    -    2,192   +   18,566

Total assets                                                 (50)        2,334,296    -   13,642   +  326,892
 
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   Jun 30, 2010   Wednesday    Wednesday  
Assets, liabilities, and capital                                                      Jun 23, 2010  Jul 1, 2009
 
Liabilities
  Federal Reserve notes, net of F.R. Bank holdings                         904,130    +    4,395   +   32,839
  Reverse repurchase agreements (14)                                        67,223    +    6,917   -    5,033
  Deposits                                                    (0)        1,289,799    -   24,649   +  283,530
    Term deposits held by depository institutions                            1,152             0   +    1,152
    Other deposits held by depository institutions                         972,337    -   90,011   +  246,077
    U.S. Treasury, general account                                          87,615    +   41,265   +    9,473
    U.S. Treasury, supplementary financing account                         199,965    +        2   +       26
    Foreign official                                                         1,214    -    1,110   -      259
    Other                                                     (0)           27,516    +   25,208   +   27,062
  Deferred availability cash items                           (50)            2,212    +      314   -    1,000
  Other liabilities and accrued dividends (15)                              14,729    -      925   +    8,955

Total liabilities                                            (50)        2,278,094    -   13,947   +  319,292

Capital accounts
  Capital paid in                                                           26,620    +      375   +    2,123
  Surplus                                                                   25,798    +        6   +    4,534
  Other capital accounts                                                     3,784    -       76   +      944

Total capital                                                               56,202    +      305   +    7,601
 
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,      June 30, 2010
Millions of dollars
                                               Total      Boston     New York   Philadelphia Cleveland   Richmond     Atlanta     Chicago    St. Louis  Minneapolis   Kansas      Dallas        San    
Assets, liabilities, and capital                                                                                                                                       City                  Francisco 
 
Assets
  Gold certificate account                      11,037         369       4,038         404         463         846       1,385         887         324         203         296         652       1,170
  Special drawing rights certificate acct.       5,200         196       1,818         210         237         412         654         424         150          90         153         282         574
  Coin                                           1,975          65          73         154         141         290         183         310          25          60         141         195         336
  Securities, repurchase agreements,
     term auction credit, and other
     loans                                   2,127,703      52,129     908,200      48,156      69,986     234,618     194,947     155,295      53,071      28,229      70,664      86,505     225,904
    Securities held outright (1)             2,059,878      52,129     840,539      48,104      69,986     234,598     194,921     155,287      53,059      28,199      70,662      86,495     225,899
      U.S. Treasury securities                 776,989      19,663     317,052      18,145      26,399      88,491      73,525      58,574      20,014      10,637      26,654      32,626      85,209
        Bills (2)                               18,423         466       7,517         430         626       2,098       1,743       1,389         475         252         632         774       2,020
        Notes and bonds (3)                    758,566      19,197     309,535      17,715      25,773      86,392      71,781      57,186      19,539      10,385      26,022      31,853      83,189
      Federal agency debt securities (2)       164,762       4,170      67,232       3,848       5,598      18,765      15,591      12,421       4,244       2,256       5,652       6,918      18,069
      Mortgage-backed securities (4)         1,118,127      28,296     456,255      26,111      37,989     127,343     105,806      84,291      28,801      15,307      38,356      46,951     122,621
    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                                 67,825           0      67,661          52           0          20          26           8          12          30           1          10           5
  Net portfolio holdings of Commercial
     Paper Funding Facility LLC (6)                  1           0           1           0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of Maiden
     Lane LLC (7)                               28,498           0      28,498           0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of Maiden
     Lane II LLC (8)                            15,763           0      15,763           0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of Maiden
     Lane III LLC (9)                           23,208           0      23,208           0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of TALF LLC (10)          506           0         506           0           0           0           0           0           0           0           0           0           0
  Preferred interests in AIA Aurora LLC
     and ALICO Holdings LLC (11)                25,733           0      25,733           0           0           0           0           0           0           0           0           0           0
  Items in process of collection                   314          12           0          37          49           8          71          53           6          15          16          24          23
  Bank premises                                  2,235         123         259          70         143         239         220         211         135         109         265         248         213
  Central bank liquidity swaps (12)              1,245          46         361         136          93         347          77          30          12          35          10          17          82
  Other assets (13)                             90,928       2,591      34,363       4,211       4,046      14,276       7,785       5,580       1,964       1,602       2,491       3,145       8,874
  Interdistrict settlement account                   0   -     607   + 115,880   +  14,006   -  14,329   -   4,335   -  47,367   -  33,470   -  16,171   +  11,716   -  20,754   -   4,493   -      75

Total assets                                 2,334,346      54,923   1,158,701      67,385      60,828     246,700     157,954     129,321      39,517      42,058      53,282      86,577     237,101
 
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,      June 30, 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          1,097,593      34,849     400,133      38,718      44,429      84,394     139,549      85,944      31,886      19,748      29,138      69,361     119,444
    Less: Notes held by F.R. Banks             193,462       4,042      72,162       5,318       9,368      13,536      28,198      11,898       4,457       3,985       3,198      11,884      25,417
      Federal Reserve notes, net               904,130      30,807     327,972      33,399      35,061      70,858     111,352      74,046      27,429      15,764      25,940      57,477      94,027
  Reverse repurchase agreements (14)            67,223       1,701      27,431       1,570       2,284       7,656       6,361       5,068       1,732         920       2,306       2,823       7,372
  Deposits                                   1,289,799      20,251     776,537      26,329      18,841     154,579      36,283      48,214       9,588      23,219      24,259      25,062     126,637
    Term deposits held by depository
       institutions                              1,152           8         386           0          15          85          16          14         150         254          10          20         194
    Other deposits held by depository
       institutions                            972,337      20,205     460,002      26,324      18,822     154,432      36,265      48,159       9,435      22,964      24,248      25,042     126,439
    U.S. Treasury, general account              87,615           0      87,615           0           0           0           0           0           0           0           0           0           0
    U.S. Treasury, supplementary
       financing account                       199,965           0     199,965           0           0           0           0           0           0           0           0           0           0
    Foreign official                             1,214           1       1,185           4           3          11           2           1           0           1           0           1           3
    Other                                       27,516          36      27,384           0           0          51           0          40           2           0           1           0           2
  Deferred availability cash items               2,263          68           0         227         517          88         138         194          57         393         103          87         389
  Other liabilities and accrued
     dividends (15)                             14,729         202      10,857         204         256         762         564         468         203         136         208         285         583

Total liabilities                            2,278,144      53,028   1,142,796      61,729      56,959     233,944     154,699     127,990      39,008      40,432      52,817      85,734     229,008

Capital
  Capital paid in                               26,620         916       7,605       2,807       1,907       5,439       1,545         614         239         804         212         396       4,137
  Surplus                                       25,798         945       7,596       2,803       1,911       7,141       1,581         620         239         712         210         353       1,688
  Other capital                                  3,784          33         704          46          52         176         129          97          31         111          44          93       2,268

Total liabilities and capital                2,334,346      54,923   1,158,701      67,385      60,828     246,700     157,954     129,321      39,517      42,058      53,282      86,577     237,101
 
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,      June 30, 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                                                       Jun 30, 2010 
 
Federal Reserve notes outstanding                                                          1,097,593
  Less: Notes held by F.R. Banks not subject to collateralization                            193,462
    Federal Reserve notes to be collateralized                                               904,130
Collateral held against Federal Reserve notes                                                904,130
  Gold certificate account                                                                    11,037
  Special drawing rights certificate account                                                   5,200
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   887,893
  Other assets pledged                                                                             0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                     2,059,878
  Less: Face value of securities under reverse repurchase agreements                          65,783
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged      1,994,095
 
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