Federal Reserve Statistical Release, H.4.1, Factors Affecting Reserve Balances; title with eagle logo links to Statistical Release home page
Release Date:  December 11, 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 11, 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 10, 2008
Week ended
Dec 10, 2008
Change from week ended
Dec 3, 2008 Dec 12, 2007
                                                              
Reserve Bank credit                                       2,241,457    +  123,701    +1,377,632     2,245,083 
  Securities held outright                                  489,392    +      947    -  285,336       492,058 
    U.S. Treasury (1)                                       476,286    -      103    -  298,442       476,246 
      Bills (2)                                              18,423             0    -  243,596        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)                              6,300    -      103    +    1,486         6,261 
    Federal agency (2)                                       13,106    +    1,049    +   13,106        15,812 
  Repurchase agreements (4)                                  80,000             0    +   34,357        80,000 
  Term auction credit                                       447,959    +   41,451    +  447,959       447,959 
  Other loans                                               240,590    -   14,983    +  237,543       233,115 
    Primary credit                                           90,161    -      172    +   87,152        89,952 
    Secondary credit                                             78    -       80    +       75             0 
    Seasonal credit                                               2    -        2    -       34             2 
    Primary dealer and other broker-dealer credit (5)       52,802   -    4,396   +   52,802       51,594 
    Asset-backed commercial paper money market                
      mutual fund liquidity facility                         40,826    -   11,110    +   40,826        34,425 
    Credit extended to American International                 
      Group, Inc. (6)                                        56,723    +      779    +   56,723        57,143 
    Other credit extensions                                       0             0             0             0 
  Net portfolio holdings of Commercial Paper                  
    Funding Facility LLC (7)                                308,518    +   10,942    +  308,518       312,414 
  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)              27,054    +       60    +   27,054        26,889 
  Net portfolio holdings of Maiden Lane III LLC (7)          20,957    -      196    +   20,957        19,600 
  Float                                                      -1,042    -       75    -      260        -1,315 
  Other Federal Reserve assets                              628,030    +   85,556    +  586,841       634,363 
Gold stock                                                   11,041             0             0        11,041 
Special drawing rights certificate account                    2,200             0             0         2,200 
Treasury currency outstanding (8)                            38,815    +       14    +       71        38,815 
                                                              
Total factors supplying reserve funds                     2,293,513    +  123,715    +1,377,703     2,297,139 
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 10, 2008
Week ended
Dec 10, 2008
Change from week ended
Dec 3, 2008 Dec 12, 2007
                                                              
Currency in circulation (8)                                 871,957    -      583    +   53,697       874,495 
Reverse repurchase agreements (9)                            91,954    -    4,771    +   53,982        92,092 
  Foreign official and international accounts                66,954    -    4,771    +   28,982        67,092 
  Dealers                                                    25,000             0    +   25,000        25,000 
Treasury cash holdings                                          241             0    -       15           226 
Deposits with F.R. Banks, other than reserve balances       493,527    -   19,369    +  481,772       494,399 
  U.S. Treasury, general account                             49,529    -   11,520    +   44,698        41,646 
  U.S. Treasury, supplementary financing account            404,123    -   36,405    +  404,123       404,123 
  Foreign official                                              188    -        2    +       91           188 
  Service-related                                             4,593    -      367    -    1,959         4,593 
    Required clearing balances                                4,592    -      365    -    1,947         4,592 
    Adjustments to compensate for float                           1    -        2    -       12             1 
  Other                                                      35,095    +   28,927    +   34,820        43,850 
Other liabilities and capital (10)                           58,207    +    4,688    +   15,143        62,710 
                                                              
Total factors, other than reserve balances,                                                       
   absorbing reserve funds                                1,515,885    -   20,036    +  604,579     1,523,923 
                                                              
Reserve balances with Federal Reserve Banks                 777,628    +  143,751    +  773,124       773,216 
                                                                
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 10, 2008
Week ended
Dec 10, 2008
Change from week ended
Dec 3, 2008 Dec 12, 2007
                                                              
Marketable securities held in custody for foreign             
      official and international accounts (1)             2,493,778    -    1,020    +  453,475     2,491,435 
  U.S. Treasury                                           1,634,946    +    8,236    +  406,332     1,642,928 
  Federal agency                                            858,833    -    9,255    +   47,145       848,507 
Securities lent to dealers                                  189,966    -    7,113    +  182,047       190,536 
  Overnight facility (2)                                      4,820    -    1,367    -    3,099         5,390 
  Term facility (3,4)                                       185,146    -    5,746    +  185,146       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 10, 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 10, 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                   104,458      343,501         ---            ---          ---         ---       447,959
Other loans (1)                       160,791       34,289        1,392        36,643          ---         ---       233,115
U.S. Treasury securities (2)                    
  Holdings                              9,678       30,820       65,200       171,667       96,916     101,964       476,246
  Weekly changes                   -    6,285   +    6,278            0    -       34   -       24  -       43    -      108
Federal agency securities                       
  Holdings                              4,965        3,353        2,524         4,970            0           0        15,812
  Weekly changes                   +    3,014   -    3,774   +       30    +    4,970            0           0    +    4,240
Commercial paper held by                        
  Commercial Paper Funding                      
  Facility LLC (3)                          0      313,152            0           ---          ---         ---       313,152
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)      92,092            0          ---           ---          ---         ---        92,092
  
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 10, 2008
                                                                                                
Net portfolio holdings of Maiden Lane LLC (1)                                                       26,889    
                                                                                                
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)                                   256    
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3)        1,184    
 
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 10, 2008
                                                                                                
Net portfolio holdings of Maiden Lane III LLC (1)                                                    19,600   
                                                                                                
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)                                     16   
Outstanding principal amount and accrued interest on loan payable to American International     
  Group, Inc. (3)                                                                                     5,010   
 

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 November 25, 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 10, 2008
                                                                                                
Commercial paper holdings, net (1)                                                                  311,124   
Other investments, net                                                                                1,290   
Net portfolio holdings of Commercial Paper Funding Facility LLC                                     312,414   
                                                                                                
Memorandum: Commercial paper holdings, face value                                                   313,152   
                                                                                                
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)           311,294   
Accrued interest payable to the Federal Reserve Bank of New York (2)                                    396   
 

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 10, 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 10, 2008
Wednesday
Dec 3, 2008
Wednesday
Dec 12, 2007
Assets                                                   
Gold certificate account                                         11,037                0                   0
Special drawing rights certificate account                        2,200                0                   0
Coin                                                              1,661       +       21          +      452
Securities, repurchase agreements, term auction          
      credit, and other loans                                 1,253,132       +   29,946          +  426,100
  Securities held outright                                      492,058       +    4,132          -  282,677
    U.S. Treasury (1)                                           476,246       -      108          -  298,489
      Bills (2)                                                  18,423                0          -  243,596
      Notes and bonds, nominal (2)                              410,491                0          -   60,493
      Notes and bonds, inflation-indexed (2)                     41,071                0          +    4,160
      Inflation compensation (3)                                  6,261       -      108          +    1,440
    Federal agency (2)                                           15,812       +    4,240          +   15,812
  Repurchase agreements (4)                                      80,000                0          +   32,250
  Term auction credit                                           447,959       +   41,451          +  447,959
  Other loans                                                   233,115       -   15,636          +  228,568
Net portfolio holdings of Commercial Paper               
  Funding Facility LLC (5)                                      312,414       +    8,534          +  312,414
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)                    26,889       -      193          +   26,889
Net portfolio holdings of Maiden Lane III LLC (5)                19,600       -    1,583          +   19,600
Items in process of collection                       (445)        1,010       -      502          -    1,403
Bank premises                                                     2,176       +        1          +       56
Other assets (6)                                                632,220       +   87,656          +  593,133
                                                         
      Total assets                                   (445)    2,262,339       +  123,881          +1,377,242
                                                         
Liabilities                                              
Federal Reserve notes, net of F.R. Bank holdings                837,563       +    1,734          +   55,050
Reverse repurchase agreements (7)                                92,092       +       98          +   54,328
Deposits                                               (0)    1,267,649       +  112,602          +1,249,038
  Depository institutions                                       777,842       +  122,663          +  763,953
  U.S. Treasury, general account                                 41,646       -   15,699          +   37,313
  U.S. Treasury, supplementary financing account                404,123       -   29,984          +  404,123
  Foreign official                                                  188       +        2          +       91
  Other                                                (0)       43,850       +   35,620          +   43,558
Deferred availability cash items                     (445)        2,325       -      104          -    1,060
Other liabilities and accrued dividends (8,9)                    19,444       +    9,100          +   13,497
                                                         
      Total liabilities                              (445)    2,219,073       +  123,431          +1,370,853
                                                         
Capital accounts                                         
Capital paid in                                                  21,009       +      147          +    2,727
Surplus                                                          17,180       +        5          +    1,719
Other capital accounts                                            5,077       +      298          +    1,944
                                                         
      Total capital                                              43,267       +      452          +    6,390
 

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 10, 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                                           1,661          59          76         129         132         230         212         193          47          55         112         176         241 
Securities, repurchase agreements, term                            
      auction credit, and other loans      1,253,132      78,590     579,038      56,355      38,654     147,407      78,052      56,802      23,757      16,223      28,261      29,099     120,893 
  Securities held outright                   492,058      20,639     175,071      21,484      18,659      44,619      48,959      43,429      17,004       9,290      18,067      20,411      54,427 
    U.S. Treasury (1)                        476,246      19,976     169,445      20,794      18,059      43,185      47,386      42,033      16,457       8,991      17,487      19,755      52,678 
      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)                    457,823      19,203     162,891      19,989      17,360      41,515      45,553      40,407      15,821       8,643      16,810      18,991      50,640 
    Federal agency (2)                        15,812         663       5,626         690         600       1,434       1,573       1,396         546         299         581         656       1,749 
  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                        447,959      20,050     187,257      31,300      16,958      95,070      20,791       4,869       3,888       5,362       2,360       4,833      55,222 
  Other loans                                233,115      34,546     188,247          78           4         463         343       1,444         101          62       4,896         537       2,395 
Net portfolio holdings of Commercial                               
  Paper Funding Facility LLC (5)             312,414           0     312,414           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)                                     26,889           0      26,889           0           0           0           0           0           0           0           0           0           0 
Net portfolio holdings of Maiden                                   
  Lane III LLC (5)                            19,600           0      19,600           0           0           0           0           0           0           0           0           0           0 
Items in process of collection                 1,455          60           0         202         202          73         298         217          26          65         -42         124         230 
Bank premises                                  2,176         123         209          64         150         223         225         206         130         111         274         251         210 
Other assets (6)                             632,220      35,850     160,105      61,342      43,759     168,652      48,902      28,515       6,483      12,140       7,077      12,739      46,659 
Interdistrict settlement account                   0   -  14,059   + 201,772   -  66,692   +     677   - 195,205   +   3,639   +  32,271   +   1,469   -   9,968   +   8,643   +   5,250   +  32,204 
                                                                   
      Total assets                         2,262,784     101,162   1,304,912      51,936      84,102     122,417     132,715     119,329      32,327      18,855      44,739      48,372     201,920 
 

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 10, 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           1,017,536      38,750     354,579      41,789      46,969      81,683     124,494      83,774      29,603      17,634      30,340      54,508     113,413 
  Less: Notes held by F.R. Banks              179,973       5,913      49,032       5,715       7,581      11,952      25,792      13,821       3,638       2,925       3,896      21,781      27,926 
    Federal Reserve notes, net                837,563      32,837     305,548      36,074      39,388      69,731      98,702      69,953      25,964      14,708      26,444      32,726      85,487 
Reverse repurchase agreements (7)              92,092       3,863      32,766       4,021       3,492       8,351       9,163       8,128       3,182       1,739       3,381       3,820      10,186 
Deposits                                    1,267,649      62,313     938,519       6,453      37,422      31,593      21,002      39,077       2,563       1,402      14,212      10,675     102,417 
  Depository institutions                     777,842      62,293     448,856       6,449      37,418      31,503      20,998      39,075       2,550       1,402      14,211      10,674     102,414 
  U.S. Treasury, general account               41,646           0      41,646           0           0           0           0           0           0           0           0           0           0 
  U.S. Treasury, supplementary                                      
    financing account                         404,123           0     404,123           0           0           0           0           0           0           0           0           0           0 
  Foreign official                                188           2         158           4           3          11           3           2           0           1           0           1           3 
  Other                                        43,850          18      43,736           0           1          80           0           0          12           0           1           0           0 
Deferred availability cash items                2,770          74           0         459         428         179         174         291          26         198         142         308         491 
Other liabilities and accrued                                                 
  dividends (8,9)                              19,444         173      16,602         224         216         588         384         311         157         112         130         188         358 
                                                                    
      Total liabilities                     2,219,518      99,259   1,293,435      47,230      80,945     110,443     129,425     117,761      31,893      18,160      44,310      47,717     198,940 
                                                                    
Capital                                                             
Capital paid in                                21,009         784       5,602       2,315       1,552       5,978       1,614         703         210         324         207         270       1,450 
Surplus                                        17,180       1,049       3,343       1,815       1,291       4,999       1,426         816         180         354         193         364       1,351 
Other capital                                   5,077          70       2,532         576         314         997         250          49          44          17          30          21         179 
                                                                    
      Total liabilities and capital         2,262,784     101,162   1,304,912      51,936      84,102     122,417     132,715     119,329      32,327      18,855      44,739      48,372     201,920 
                              
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 10, 2008
                                                                                            
Federal Reserve notes outstanding                                                              1,017,536 
  Less: Notes held by F.R. Banks not subject to collateralization                                179,973 
    Federal Reserve notes to be collateralized                                                   837,563 
Collateral held against Federal Reserve notes                                                    837,563 
  Gold certificate account                                                                        11,037 
  Special drawing rights certificate account                                                       2,200 
  U.S. Treasury and agency securities pledged (1)                                                487,945 
  Other assets pledged                                                                           336,381 
                                                                                            
Memo:                                                                                       
Total U.S. Treasury and agency securities (1)                                                    572,058 
  Less: Face value of securities under reverse repurchase agreements                              84,113 
    U.S. Treasury and agency securities eligible to be pledged                                   487,945 
   
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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