Federal Reserve Statistical Release, H.4.1, Factors Affecting Reserve Balances; title with eagle logo links to Statistical Release home page
Release Date:  December 04, 2008
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FEDERAL RESERVE statistical release
 

H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
December 4, 2008
1. Factors Affecting Reserve Balances of Depository Institutions
Millions of dollars
Reserve Bank credit, related items, and
reserve balances of depository institutions at
Federal Reserve Banks
Averages of daily figures Wednesday
Dec 3, 2008
Week ended
Dec 3, 2008
Change from week ended
Nov 26, 2008 Dec 5, 2007
                                                              
Reserve Bank credit                                       2,117,751    +   23,864    +1,250,911     2,121,166 
  Securities held outright                                  488,445    -      231    -  291,260       487,926 
    U.S. Treasury (1)                                       476,389    -       26    -  303,316       476,354 
      Bills (2)                                              18,423             0    -  248,596        18,423 
      Notes and bonds, nominal (2)                          410,491             0    -   60,493       410,491 
      Notes and bonds, inflation-indexed (2)                 41,071             0    +    4,160        41,071 
      Inflation compensation (3)                              6,403    -       26    +    1,612         6,369 
    Federal agency (2)                                       12,057    -      204    +   12,057        11,572 
  Repurchase agreements (4)                                  80,000             0    +   33,143        80,000 
  Term auction credit                                       406,508             0    +  406,508       406,508 
  Other loans                                               255,573    -   27,607    +  255,231       248,751 
    Primary credit                                           90,333    -    3,295    +   90,024        87,813 
    Secondary credit                                            158    -       67    +      158           132 
    Seasonal credit                                               4    -        1    -       29             3 
    Primary dealer and other broker-dealer credit (5)       57,198   +    4,780   +   57,198       55,619 
    Asset-backed commercial paper money market                
      mutual fund liquidity facility                         51,936    -    5,382    +   51,936        49,234 
    Credit extended to American International                 
      Group, Inc. (6)                                        55,944    -   23,641    +   55,944        55,950 
    Other credit extensions                                       0             0             0             0 
  Net portfolio holdings of Commercial Paper                  
    Funding Facility LLC (7)                                297,576    +   15,379    +  297,576       303,880 
  Net portfolio holdings of LLCs funded through               
    the money market investor funding facility (7)                0             0             0             0 
  Net portfolio holdings of Maiden Lane LLC (7)              26,994    +       66    +   26,994        27,082 
  Net portfolio holdings of Maiden Lane III LLC (7)          21,153    +   15,143    +   21,153        21,183 
  Float                                                        -973    -      497    -      207          -917 
  Other Federal Reserve assets                              542,474    +   21,610    +  501,772       546,753 
Gold stock                                                   11,041             0             0        11,041 
Special drawing rights certificate account                    2,200             0             0         2,200 
Treasury currency outstanding (8)                            38,801    +       14    +       36        38,801 
                                                              
Total factors supplying reserve funds                     2,169,793    +   23,878    +1,250,947     2,173,208 
Note: Components may not sum to totals because of rounding.  Footnotes appear on the following page.
 

 

H.4.1
1. Factors Affecting Reserve Balances of Depository Institutions, continued
Millions of dollars
Reserve Bank credit, related items, and
reserve balances of depository institutions at
Federal Reserve Banks
Averages of daily figures Wednesday
Dec 3, 2008
Week ended
Dec 3, 2008
Change from week ended
Nov 26, 2008 Dec 5, 2007
                                                              
Currency in circulation (8)                                 872,540    +    5,521    +   54,438       872,751 
Reverse repurchase agreements (9)                            96,725    -      600    +   60,689        91,994 
  Foreign official and international accounts                71,725    -      600    +   35,689        66,994 
  Dealers                                                    25,000             0    +   25,000        25,000 
Treasury cash holdings                                          241    -        1    -       24           243 
Deposits with F.R. Banks, other than reserve balances       512,896    -   41,407    +  501,103       504,828 
  U.S. Treasury, general account                             61,049    -    3,482    +   56,144        57,345 
  U.S. Treasury, supplementary financing account            440,528    -   38,526    +  440,528       434,107 
  Foreign official                                              190             0    +       93           186 
  Service-related                                             4,960    +        7    -    1,525         4,960 
    Required clearing balances                                4,957    +        4    -    1,528         4,957 
    Adjustments to compensate for float                           3    +        3    +        3             3 
  Other                                                       6,168    +      593    +    5,862         8,230 
Other liabilities and capital (10)                           53,519    +    4,153    +   10,822        53,159 
                                                              
Total factors, other than reserve balances,                                                       
   absorbing reserve funds                                1,535,921    -   32,333    +  627,028     1,522,975 
                                                              
Reserve balances with Federal Reserve Banks                 633,872    +   56,211    +  623,919       650,233 
                                                                
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. Cash value of agreements.
5. Includes credit extended through the Primary Dealer Credit Facility and credit extended to certain
other broker-dealers.
6. Excludes credit extended to consolidated LLCs.
7. Refer to table 3 through table 6 and the note on consolidation accompanying table 8.
8. Estimated.
9. Cash value of agreements, which are collateralized by U.S. Treasury securities.
10. Includes the liabilities of Commercial Paper Funding Facility LLC, the LLCs funded through the Money
Market Investor Funding Facility, Maiden Lane LLC, and Maiden Lane III LLC to entities other than the
Federal Reserve Bank of New York, including liabilities that have recourse only to the portfolio
holdings of these LLCs. Refer to table 3 through table 6 and the note on consolidation accompanying
table 8.
 

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

 

1A. Memorandum Items
Millions of dollars

Memorandum item
Averages of daily figures Wednesday
Dec 3, 2008
Week ended
Dec 3, 2008
Change from week ended
Nov 26, 2008 Dec 5, 2007
                                                              
Marketable securities held in custody for foreign             
      official and international accounts (1)             2,494,798    -    3,285    +  458,061     2,494,030 
  U.S. Treasury                                           1,626,710    +    8,945    +  400,992     1,627,640 
  Federal agency                                            868,088    -   12,230    +   57,069       866,389 
Securities lent to dealers                                  197,079    +      760    +  191,332       192,424 
  Overnight facility (2)                                      6,187    -    2,684    +      440         7,278 
  Term facility (3,4)                                       190,892    +    3,445    +  190,892       185,146 
 

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

1. Face value of the securities. Includes U.S. Treasury STRIPS and other zero-coupon bonds at face value.
2. Fully collateralized by U.S. Treasury securities.
3. Fully collateralized by U.S. Treasury securities, federal agency securities, and other highly rated debt
securities.
4. On December 3, 2008, option contracts on draws on the Term Securities Lending Facility totaling
$ 49,999 million were outstanding. The exercise date for the options is December 22, 2008, and the
draws have a term loan of December 23, 2008 through January 5, 2009.
 

 

2. Maturity Distribution of Term Auction Credit, Other Loans, and Securities, December 3, 2008
Millions of dollars
Remaining maturity
Within 15
days
16 days to
90 days
91 days to
1 year
Over 1 year
to 5 years
Over 5 years
to 10 years
Over 10
years
All
 
Term auction credit                   129,478      277,031         ---            ---          ---         ---       406,508
Other loans (1)                       175,518       34,982        2,801        35,450          ---         ---       248,751
U.S. Treasury securities (2)                    
  Holdings                             15,963       24,542       65,200       171,701       96,940     102,007       476,354
  Weekly changes                   -      860   +    1,553   -    1,492    +      778   -       12  -       21    -       53
Federal agency securities                       
  Holdings                              1,951        7,127        2,494             0            0           0        11,572
  Weekly changes                   +      542   -    1,091   -      100             0            0           0    -      649
Commercial paper held by                        
  Commercial Paper Funding                      
  Facility LLC (3)                          0      304,759            0           ---          ---         ---       304,759
Money market instruments held by                
  LLCs funded through the money                 
  market investor funding                       
  facility (4)                              0            0            0           ---          ---         ---             0
Repurchase agreements (5)              40,000       40,000          ---           ---          ---         ---        80,000
                                                
Reverse repurchase agreements (5)      91,994            0          ---           ---          ---         ---        91,994
  
Note: Components may not sum to totals because of rounding.
--- Not applicable.
 

1. Excludes the loans from the Federal Reserve Bank of New York (FRBNY) to Commercial Paper Funding Facility LLC, the
LLCs funded through the Money Market Investor Funding Facility, Maiden Lane LLC, and Maiden Lane III LLC. The loans
were eliminated when preparing the FRBNY's statement of condition consistent with consolidation under generally
accepted accounting principles.
2. 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.
3. Face value of commercial paper held by Commercial Paper Funding Facility LLC.
4. Face value of money market instruments held by LLCs funded through the Money Market Investor Funding Facility.
5. Cash value of agreements.
 

 

H.4.1
3. Information on Principal Accounts of Maiden Lane LLC
Millions of dollars
Account name Wednesday
Dec 3, 2008
                                                                                                
Net portfolio holdings of Maiden Lane LLC (1)                                                       27,082    
                                                                                                
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)                                   249    
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3)        1,183    
 
1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if
the transaction were to be conducted in an orderly market on the measurement date. Revalued quarterly.
This table reflects valuations as of September 30, 2008.
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 8.
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 7 and table 8.
 

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.
 

 

4. Information on Principal Accounts of Maiden Lane III LLC
Millions of dollars
Account name Wednesday
Dec 3, 2008
                                                                                                
Net portfolio holdings of Maiden Lane III LLC (1)                                                    21,183   
                                                                                                
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)            15,134   
Accrued interest payable to the Federal Reserve Bank of New York (2)                                      9   
Outstanding principal amount and accrued interest on loan payable to American International     
  Group, Inc. (3)                                                                                     5,005   
 

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 October 31, 2008.
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 8.
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 7 and table 8.
 

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 the 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.
 

 

5. Information on Principal Accounts of Commercial Paper Funding Facility LLC
Millions of dollars
Account name Wednesday
Dec 3, 2008
                                                                                                
Commercial paper holdings, net (1)                                                                  302,596   
Other investments, net                                                                                1,283   
Net portfolio holdings of Commercial Paper Funding Facility LLC                                     303,880   
                                                                                                
Memorandum: Commercial paper holdings, face value                                                   304,759   
                                                                                                
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)           302,963   
Accrued interest payable to the Federal Reserve Bank of New York (2)                                    324   
 

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 8.
 

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.
 

 

H.4.1
6. Information on Principal Accounts of LLCs Funded through the Money Market Investor Funding Facility
Millions of dollars
Account name Wednesday
Dec 3, 2008
                                                                                                
Money market instrument holdings, net (1)                                                                 0   
Other investments, net                                                                                    0   
Net portfolio holdings of LLCs funded through the money market investor funding facility                  0   
                                                                                                
Memorandum: Money market instrument holdings, face value                                                  0   
                                                                                                
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                 0   
Accrued interest payable to the Federal Reserve Bank of New York (2)                                      0   
Commercial paper issued by LLCs funded through the money market investor funding facility,      
  net of related discounts                                                                                0   
 

1. Book value, which includes amortized cost.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of
condition consistent with consolidation under generally accepted accounting principles. Refer to the note
on consolidation accompanying table 8.
 

Note: On November 24, 2008, the Federal Reserve Board authorized the Federal Reserve Bank of New York to extend
credit under the authority of section 13(3) of the Federal Reserve Act to a series of limited liability
companies funded through the Money Market Investor Funding Facility. These limited liability companies were
established to purchase short-term U.S. dollar-denominated certificates of deposit, bank notes, and outstanding
asset-backed commercial paper from eligible issuers. Such purchases are designed to foster liquidity in
short-term money markets.
 

 

H.4.1
7. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of dollars
Assets, liabilities, and capital Eliminations
from
consolidation
  Change since
Wednesday
Dec 3, 2008
Wednesday
Nov 26, 2008
Wednesday
Dec 5, 2007
Assets                                                   
Gold certificate account                                         11,037                0                   0
Special drawing rights certificate account                        2,200                0                   0
Coin                                                              1,640       -        2          +      450
Securities, repurchase agreements, term auction          
      credit, and other loans                                 1,223,186       -   10,999          +  394,825
  Securities held outright                                      487,926       -      702          -  291,789
    U.S. Treasury (1)                                           476,354       -       53          -  303,361
      Bills (2)                                                  18,423                0          -  248,596
      Notes and bonds, nominal (2)                              410,491                0          -   60,493
      Notes and bonds, inflation-indexed (2)                     41,071                0          +    4,160
      Inflation compensation (3)                                  6,369       -       53          +    1,568
    Federal agency (2)                                           11,572       -      649          +   11,572
  Repurchase agreements (4)                                      80,000                0          +   33,500
  Term auction credit                                           406,508                0          +  406,508
  Other loans                                                   248,751       -   10,297          +  246,605
Net portfolio holdings of Commercial Paper               
  Funding Facility LLC (5)                                      303,880       +    9,786          +  303,880
Net portfolio holdings of LLCs funded through            
  the money market investor funding facility (5)                      0                0                   0
Net portfolio holdings of Maiden Lane LLC (5)                    27,082       +      103          +   27,082
Net portfolio holdings of Maiden Lane III LLC (5)                21,183       +       35          +   21,183
Items in process of collection                       (512)        1,512       +      416          -      933
Bank premises                                                     2,175       -        5          +       57
Other assets (6)                                                544,564       +   30,041          +  505,750
                                                         
      Total assets                                   (512)    2,138,458       +   29,375          +1,252,293
                                                         
Liabilities                                              
Federal Reserve notes, net of F.R. Bank holdings                835,829       +      746          +   53,890
Reverse repurchase agreements (7)                                91,994       -    7,767          +   55,344
Deposits                                               (4)    1,155,047       +   37,787          +1,133,541
  Depository institutions                                       655,179       +   43,984          +  639,198
  U.S. Treasury, general account                                 57,345       +   39,990          +   52,266
  U.S. Treasury, supplementary financing account                434,107       -   44,947          +  434,107
  Foreign official                                                  186       -        1          +       90
  Other                                                (4)        8,230       -    1,240          +    7,880
Deferred availability cash items                     (507)        2,429       -      182          -      931
Other liabilities and accrued dividends (8,9)                    10,344       -    1,138          +    4,348
                                                         
      Total liabilities                              (512)    2,095,642       +   29,445          +1,246,191
                                                         
Capital accounts                                         
Capital paid in                                                  20,862       -        9          +    2,675
Surplus                                                          17,175       +        5          +    1,714
Other capital accounts                                            4,779       -       65          +    1,713
                                                         
      Total capital                                              42,815       -       71          +    6,101
 

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. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.
5. Refer to table 3 through table 6 and the note on consolidation accompanying table 8.
6. Includes assets denominated in foreign currencies and any exchange-translation assets, which are
revalued daily at market exchange rates.
7. Cash value of agreements, which are collateralized by U.S. Treasury securities.
8. Includes any exchange-translation liabilities, which are revalued daily at market exchange rates.
9. Includes the liabilities of Commercial Paper Funding Facility LLC, the LLCs funded through the Money Market
Investor Funding Facility, Maiden Lane LLC, and Maiden Lane III LLC to entities other than the Federal
Reserve Bank of New York, including liabilities that have recourse only to the portfolio holdings of these
LLCs. Refer to table 3 through table 6 and the note on consolidation accompanying table 8.
 

 

H.4.1
8. Statement of Condition of Each Federal Reserve Bank, December 3, 2008
Millions of dollars
Assets, liabilities, and capital Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas
City
Dallas San
Francisco
Assets                                                             
Gold certificate account                      11,037         424       3,935         453         423         891       1,221         913         344         199         349         636       1,249 
Special drawing rights certificate acct.       2,200         115         874          83         104         147         166         212          71          30          66          98         234 
Coin                                           1,640          57          73         127         130         225         207         192          46          55         114         176         237 
Securities, repurchase agreements, term                            
      auction credit, and other loans      1,223,186      91,181     556,538      53,674      34,931     151,292      75,256      56,087      23,519      16,161      26,630      28,896     109,021 
  Securities held outright                   487,926      20,465     173,601      21,304      18,502      44,244      48,548      43,064      16,861       9,212      17,916      20,240      53,970 
    U.S. Treasury (1)                        476,354      19,980     169,484      20,798      18,063      43,195      47,396      42,043      16,461       8,993      17,491      19,760      52,690 
      Bills (2)                               18,423         773       6,555         804         699       1,671       1,833       1,626         637         348         676         764       2,038 
      Notes and bonds (3)                    457,932      19,207     162,929      19,994      17,365      41,525      45,563      40,417      15,824       8,645      16,814      18,995      50,652 
    Federal agency (2)                        11,572         485       4,117         505         439       1,049       1,151       1,021         400         218         425         480       1,280 
  Repurchase agreements (4)                   80,000       3,356      28,464       3,493       3,034       7,254       7,960       7,061       2,765       1,510       2,937       3,318       8,849 
  Term auction credit                        406,508      18,050     164,794      28,800      13,393      99,297      18,285       4,640       3,633       5,372       1,285       4,608      44,352 
  Other loans                                248,751      49,310     189,680          78           2         497         463       1,322         260          67       4,492         730       1,850 
Net portfolio holdings of Commercial                               
  Paper Funding Facility LLC (5)             303,880           0     303,880           0           0           0           0           0           0           0           0           0           0 
Net portfolio holdings of LLCs funded                              
  through the money market investor                                
  funding facility (5)                             0           0           0           0           0           0           0           0           0           0           0           0           0 
Net portfolio holdings of Maiden Lane                              
  LLC (5)                                     27,082           0      27,082           0           0           0           0           0           0           0           0           0           0 
Net portfolio holdings of Maiden                                   
  Lane III LLC (5)                            21,183           0      21,183           0           0           0           0           0           0           0           0           0           0 
Items in process of collection                 2,024          36           0         250         187          87         623         125          18          81         214         135         269 
Bank premises                                  2,175         123         209          64         150         223         225         206         130         111         274         251         209 
Other assets (6)                             544,564      30,707     140,838      52,399      37,391     144,052      41,854      24,442       5,578      10,387       6,016      10,933      39,967 
Interdistrict settlement account                   0   -  46,307   + 147,906   -  52,736   +   1,228   - 106,317   +   8,577   +  24,823   +   2,628   -   8,049   +   7,870   +   5,108   +  15,268 
                                                                   
      Total assets                         2,138,969      76,337   1,202,518      54,314      74,544     190,602     128,129     107,000      32,332      18,974      41,533      46,233     166,454 
 

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. 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. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.
5. Refer to table 3 through table 6 and the note on consolidation on the following page.
6. Includes assets denominated in foreign currencies and any exchange-translation assets, which are revalued daily at market exchange rates.
7. Cash value of agreements, which are collateralized by U.S. Treasury securities.
8. Includes any exchange-translation liabilities, which are revalued daily at market exchange rates.
9. Includes the liabilities of Commercial Paper Funding Facility LLC, the LLCs funded through the Money Market Investor Funding Facility, Maiden Lane LLC, and Maiden Lane III LLC to
entities other than the Federal Reserve Bank of New York, including liabilities that have recourse only to the portfolio holdings of these LLCs. Refer to table 3 through table 6 and
the note on consolidation on the following page.
 

 

H.4.1
8. Statement of Condition of Each Federal Reserve Bank, December 3, 2008 (continued)
Millions of dollars
Assets, liabilities, and capital Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas
City
Dallas San
Francisco
Liabilities                                                         
Federal Reserve notes outstanding           1,013,362      38,323     353,361      41,859      47,043      81,712     121,834      83,848      29,546      17,505      30,325      54,498     113,507 
  Less: Notes held by F.R. Banks              177,533       5,929      47,851       5,625       7,800      11,362      25,594      13,620       3,463       2,786       3,970      22,061      27,472 
    Federal Reserve notes, net                835,829      32,394     305,510      36,234      39,243      70,350      96,240      70,228      26,083      14,719      26,355      32,437      86,035 
Reverse repurchase agreements (7)              91,994       3,859      32,731       4,017       3,488       8,342       9,153       8,119       3,179       1,737       3,378       3,816      10,176 
Deposits                                    1,155,051      37,960     845,249       8,619      28,062      99,381      18,893      26,481       2,455       1,502      11,075       8,878      66,499 
  Depository institutions                     655,179      37,941     345,570       8,611      28,059      99,280      18,889      26,478       2,404       1,501      11,073       8,877      66,496 
  U.S. Treasury, general account               57,345           0      57,345           0           0           0           0           0           0           0           0           0           0 
  U.S. Treasury, supplementary                                      
    financing account                         434,107           0     434,107           0           0           0           0           0           0           0           0           0           0 
  Foreign official                                186           2         156           4           3          11           3           2           0           1           0           1           3 
  Other                                         8,235          16       8,072           4           0          90           1           0          50           0           1           0           0 
Deferred availability cash items                2,936          69           0         557         413         266         175         312          28         220         168         270         459 
Other liabilities and accrued                                                 
  dividends (8,9)                              10,344         189       7,411         221         221         625         411         316         159         109         134         185         363 
                                                                    
      Total liabilities                     2,096,154      74,471   1,190,900      49,647      71,427     178,963     124,872     105,456      31,904      18,287      41,109      45,587     163,532 
                                                                    
Capital                                                             
Capital paid in                                20,862         784       5,602       2,315       1,552       5,836       1,610         703         209         324         207         270       1,450 
Surplus                                        17,175       1,049       3,338       1,815       1,291       4,999       1,426         816         180         354         193         364       1,351 
Other capital                                   4,779          34       2,679         537         274         804         221          25          40           9          24          13         121 
                                                                    
      Total liabilities and capital         2,138,969      76,337   1,202,518      54,314      74,544     190,602     128,129     107,000      32,332      18,974      41,533      46,233     166,454 
                              
Note: Components may not sum to totals because of rounding. Footnotes appear on the previous page.
 

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 24, 2008, the Federal Reserve Board authorized the FRBNY
to extend credit to a series of LLCs funded through the Money Market Investor Funding Facility, which were established to purchase short-term U.S. dollar-denominated certificates of
deposit, bank notes, and commercial paper from eligible issuers. On November 25, 2008, a loan was extended to Maiden Lane III LLC, which was formed to purchase multi-sector collateralized
debt obligations on which the Financial Products group of the American International Group, Inc. has written credit default swap contracts.
 

The FRBNY is the sole beneficiary of Commercial Paper Funding Facility LLC and the primary beneficiary of the other LLCs cited above. Consistent with generally accepted accounting principles,
the assets and liabilities of these LLCs have been consolidated with the assets and liabilities of the FRBNY in the preparation of the statements of condition shown on this release. As a
consequence of the consolidation, the extensions of credit from the FRBNY to the LLCs are eliminated, the net assets of the LLCs appear as assets on the previous page (and in table 1 and
table 7), 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 7).
 

 

H.4.1
9. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts
Millions of dollars
Federal Reserve notes and collateral Wednesday
Dec 3, 2008
                                                                                            
Federal Reserve notes outstanding                                                              1,013,362 
  Less: Notes held by F.R. Banks not subject to collateralization                                177,533 
    Federal Reserve notes to be collateralized                                                   835,829 
Collateral held against Federal Reserve notes                                                    835,829 
  Gold certificate account                                                                        11,037 
  Special drawing rights certificate account                                                       2,200 
  U.S. Treasury and agency securities pledged (1)                                                486,156 
  Other assets pledged                                                                           336,436 
                                                                                            
Memo:                                                                                       
Total U.S. Treasury and agency securities (1)                                                    567,926 
  Less: Face value of securities under reverse repurchase agreements                              81,770 
    U.S. Treasury and agency securities eligible to be pledged                                   486,156 
   
Note: Components may not sum to totals because of rounding.
 

1. Includes face value of U.S. Treasury and agency 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.

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