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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
July 16, 2009
1. Factors Affecting Reserve Balances of Depository Institutions
Millions of dollars
Reserve Bank credit, related items, and Averages of daily figures
reserve balances of depository institutions at Week ended Change from week ended Wednesday
Federal Reserve Banks Jul 15, 2009 Jul 8, 2009 Jul 16, 2008 Jul 15, 2009
Reserve Bank credit 2,011,746 + 34,247 +1,124,290 2,056,850
Securities held outright (1) 1,265,707 + 36,942 + 786,703 1,312,150
U.S. Treasury securities 677,162 + 8,673 + 198,158 684,030
Bills (2) 18,423 0 - 3,317 18,423
Notes and bonds, nominal (2) 610,833 + 8,622 + 198,441 617,575
Notes and bonds, inflation-indexed (2) 42,823 + 20 + 3,652 42,939
Inflation compensation (3) 5,083 + 31 - 618 5,095
Federal agency debt securities (2) 99,488 + 1,660 + 99,488 101,701
Mortgage-backed securities (4) 489,057 + 26,608 + 489,057 526,418
Repurchase agreements (5) 0 0 - 111,143 0
Term auction credit 273,691 - 15 + 123,691 273,691
Other loans 111,893 - 4,474 + 97,592 113,286
Primary credit 34,457 - 509 + 20,541 34,743
Secondary credit 0 0 - 279 0
Seasonal credit 74 + 4 - 24 82
Primary dealer and other broker-dealer credit (6) 0 0 - 9 0
Asset-Backed Commercial Paper Money Market
Mutual Fund Liquidity Facility 7,998 - 4,612 + 7,998 5,469
Credit extended to American International
Group, Inc. (7) 43,026 - 736 + 43,026 42,871
Term Asset-Backed Securities Loan Facility 26,338 + 1,379 + 26,338 30,121
Other credit extensions 0 0 0 0
Net portfolio holdings of Commercial Paper
Funding Facility LLC (8) 112,360 - 1,802 + 112,360 111,053
Net portfolio holdings of LLCs funded through
the Money Market Investor Funding Facility (9) 0 0 0 0
Net portfolio holdings of Maiden Lane LLC (10) 25,958 + 28 - 2,997 25,978
Net portfolio holdings of Maiden Lane II LLC (11) 15,744 - 180 + 15,744 15,754
Net portfolio holdings of Maiden Lane III LLC (12) 18,784 - 720 + 18,784 18,814
Float -2,114 + 75 - 770 -2,430
Central bank liquidity swaps (13) 111,778 + 2,340 + 49,778 111,641
Other Federal Reserve assets (14) 77,944 + 2,053 + 34,547 76,913
Gold stock 11,041 0 0 11,041
Special drawing rights certificate account 2,200 0 0 2,200
Treasury currency outstanding (15) 42,459 + 14 + 3,783 42,459
Total factors supplying reserve funds 2,067,446 + 34,262 +1,128,072 2,112,550
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.
1. Factors Affecting Reserve Balances of Depository Institutions (continued)
Millions of dollars
Reserve Bank credit, related items, and Averages of daily figures
reserve balances of depository institutions at Week ended Change from week ended Wednesday
Federal Reserve Banks Jul 15, 2009 Jul 8, 2009 Jul 16, 2008 Jul 15, 2009
Currency in circulation (15) 910,467 - 1,502 + 80,562 910,649
Reverse repurchase agreements (16) 68,760 - 1,422 + 26,714 66,342
Foreign official and international accounts 68,760 - 1,422 + 26,714 66,342
Dealers 0 0 0 0
Treasury cash holdings 348 + 7 + 69 349
Deposits with F.R. Banks, other than reserve balances 249,927 + 5,612 + 237,642 274,553
U.S. Treasury, general account 26,431 - 7,769 + 21,720 65,234
U.S. Treasury, supplementary financing account 199,939 0 + 199,939 199,939
Foreign official 2,961 + 381 + 2,860 1,965
Service-related 4,187 - 2 - 3,008 4,187
Required clearing balances 4,187 - 2 - 3,008 4,187
Adjustments to compensate for float 0 0 0 0
Other 16,409 + 13,001 + 16,131 3,229
Other liabilities and capital (17) 56,206 + 1,415 + 12,104 56,078
Total factors, other than reserve balances,
absorbing reserve funds 1,285,707 + 4,109 + 357,090 1,307,970
Reserve balances with Federal Reserve Banks 781,739 + 30,153 + 770,982 804,580
Note: Components may not sum to totals because of rounding.
1. Includes securities lent to dealers under the overnight and term securities lending facilities; refer
to table 1A.
2. Face value of the securities.
3. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed
securities.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is
the remaining principal balance of the underlying mortgages.
5. Cash value of agreements.
6. Includes credit extended through the Primary Dealer Credit Facility and credit extended to certain
other broker-dealers.
7. Excludes credit extended to consolidated LLCs.
8. Refer to table 7 and the note on consolidation accompanying table 10.
9. Refer to table 8 and the note on consolidation accompanying table 10.
10. Refer to table 4 and the note on consolidation accompanying table 10.
11. Refer to table 5 and the note on consolidation accompanying table 10.
12. Refer to table 6 and the note on consolidation accompanying table 10.
13. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when
the foreign currency is returned to the foreign central bank. This exchange rate equals the market exchange
rate used when the foreign currency was acquired from the foreign central bank.
14. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates.
15. Estimated.
16. Cash value of agreements, which are collateralized by U.S. Treasury securities.
17. Includes the liabilities of Commercial Paper Funding Facility LLC, the LLCs funded through the Money Market
Investor Funding Facility, Maiden Lane LLC, Maiden Lane II LLC, and Maiden Lane III LLC to entities other
than the Federal Reserve Bank of New York, including liabilities that have recourse only to the portfolio
holdings of these LLCs. Refer to table 4 through table 8 and the note on consolidation accompanying table 10.
Sources: Federal Reserve Banks and the U.S. Department of the Treasury.
1A. Memorandum Items
Millions of dollars
Averages of daily figures
Memorandum item Week ended Change from week ended Wednesday
Jul 15, 2009 Jul 8, 2009 Jul 16, 2008 Jul 15, 2009
Marketable securities held in custody for foreign
official and international accounts (1) 2,782,123 - 4,564 + 434,150 2,789,441
U.S. Treasury securities 1,981,788 - 177 + 617,730 1,994,828
Federal agency securities (2) 800,336 - 4,386 - 183,579 794,613
Securities lent to dealers 14,513 + 4,371 - 89,757 13,666
Overnight facility (3) 10,263 + 4,371 + 6,121 9,416
Term facility (4) 4,250 0 - 95,878 4,250
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. Includes lending of U.S. Treasury securities and federal agency debt securities. Fully collateralized by
U.S. Treasury securities.
4. Includes only lending of U.S. Treasury securities. Fully collateralized by U.S. Treasury securities, federal
agency securities, and other highly rated debt securities.
2. Maturity Distribution of Term Auction Credit, Other Loans, and Securities, July 15, 2009
Millions of dollars
Remaining maturity Within 15 16 days to 91 days to Over 1 year Over 5 years Over 10 All
days 90 days 1 year to 5 years to 10 years years
Term auction credit 170,161 103,530 --- --- --- --- 273,691
Other loans (1) 32,589 7,704 0 72,992 0 --- 113,286
U.S. Treasury securities (2)
Holdings 14,641 23,658 63,666 277,242 176,253 128,570 684,030
Weekly changes + 922 - 2,157 + 1,221 + 11,076 - 867 + 334 + 10,530
Federal agency debt securities (3)
Holdings 196 750 10,021 69,379 20,143 1,212 101,701
Weekly changes 0 0 + 2,651 + 2,031 - 809 0 + 3,873
Mortgage-backed securities (4)
Holdings 0 0 0 0 0 526,418 526,418
Weekly changes 0 0 0 0 0 + 63,965 + 63,965
Commercial paper held by
Commercial Paper Funding
Facility LLC (5) 74,026 33,277 0 --- --- --- 107,303
Money market instruments held by
LLCs funded through the Money
Market Investor Funding
Facility (6) 0 0 0 --- --- --- 0
Repurchase agreements (7) 0 0 --- --- --- --- 0
Central bank liquidity swaps (8) 80,513 31,128 0 0 0 0 111,641
Reverse repurchase agreements (7) 66,342 0 --- --- --- --- 66,342
Note: Components may not sum to totals because of rounding.
--- Not applicable.
1. Excludes the loans from the Federal Reserve Bank of New York (FRBNY) to Commercial Paper Funding Facility LLC, the
LLCs funded through the Money Market Investor Funding Facility, Maiden Lane LLC, Maiden Lane II LLC, and Maiden
Lane III LLC. The loans were eliminated when preparing the FRBNY's statement of condition consistent with
consolidation under generally accepted accounting principles.
2. Face value. For inflation-indexed securities, includes the original face value and compensation that adjusts for
the effect of inflation on the original face value of such securities.
3. Face value.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining
principal balance of the underlying mortgages.
5. Face value of commercial paper held by Commercial Paper Funding Facility LLC.
6. Face value of money market instruments held by LLCs funded through the Money Market Investor Funding Facility.
7. Cash value of agreements.
8. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign
currency is returned to the foreign central bank. This exchange rate equals the market exchange rate used when the
foreign currency was acquired from the foreign central bank.
3. Supplemental Information on Mortgage-Backed Securities Purchase Program
Millions of dollars
Wednesday
Account name Jul 15, 2009
Mortgage-backed securities held outright (1) 526,418
Commitments to buy mortgage-backed securities (2) 134,555
Commitments to sell mortgage-backed securities (2) 22,140
Cash and cash equivalents (3) 295
1. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the
remaining principal balance of the underlying mortgages.
2. Current face value. Generally settle within 180 days and include commitments associated with outright
transactions as well as dollar rolls.
3. This amount is included in other Federal Reserve assets in table 1 and in other assets in table 9 and table 10.
4. Information on Principal Accounts of Maiden Lane LLC
Millions of dollars
Wednesday
Account name Jul 15, 2009
Net portfolio holdings of Maiden Lane LLC (1) 25,978
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) 346
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3) 1,220
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, 2009. Any assets purchased after this valuation date
are initially recorded at cost until their estimated fair value as of the purchase date becomes available.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement
of condition consistent with consolidation under generally accepted accounting principles. Refer to
the note on consolidation accompanying table 10.
3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1
and in other liabilities and accrued dividends in table 9 and table 10.
Note: On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended credit to Maiden Lane LLC
under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed
to acquire certain assets of Bear Stearns and to manage those assets through time to maximize repayment of
the credit extended and to minimize disruption to financial markets. Payments by Maiden Lane LLC from the
proceeds of the net portfolio holdings will be made in the following order: operating expenses of the LLC,
principal due to the FRBNY, interest due to the FRBNY, principal due to JPMorgan Chase & Co., and interest
due to JPMorgan Chase & Co. Any remaining funds will be paid to the FRBNY.
5. Information on Principal Accounts of Maiden Lane II LLC
Millions of dollars
Wednesday
Account name Jul 15, 2009
Net portfolio holdings of Maiden Lane II LLC (1) 15,754
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 17,232
Accrued interest payable to the Federal Reserve Bank of New York (2) 169
Deferred payment and accrued interest payable to subsidiaries of American International
Group, Inc. (3) 1,021
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, 2009. Any assets purchased after this valuation date
are initially recorded at cost until their estimated fair value as of the purchase date becomes available.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement
of condition consistent with consolidation under generally accepted accounting principles. Refer to the
note on consolidation accompanying table 10.
3. Book value. The deferred payment represents the portion of the proceeds of the net portfolio holdings due
to subsidiaries of American International Group, Inc. in accordance with the asset purchase agreement.
The fair value of this payment and accrued interest payable are included in other liabilities and capital
in table 1 and in other liabilities and accrued dividends in table 9 and table 10.
Note: On December 12, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden
Lane II LLC under the authority of section 13(3) of the Federal Reserve Act. This limited liability company
was formed to purchase residential mortgage-backed securities from the U.S. securities lending reinvestment
portfolio of subsidiaries of American International Group, Inc. (AIG subsidiaries). Payments by Maiden
Lane II LLC from the proceeds of the net portfolio holdings will be made in the following order: operating
expenses of Maiden Lane II LLC, principal due to the FRBNY, interest due to the FRBNY, and deferred payment
and interest due to AIG subsidiaries. Any remaining funds will be shared by the FRBNY and AIG subsidiaries.
6. Information on Principal Accounts of Maiden Lane III LLC
Millions of dollars
Wednesday
Account name Jul 15, 2009
Net portfolio holdings of Maiden Lane III LLC (1) 18,814
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 20,757
Accrued interest payable to the Federal Reserve Bank of New York (2) 226
Outstanding principal amount and accrued interest on loan payable to American International
Group, Inc. (3) 5,115
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, 2009. Any assets purchased after this valuation date
are initially recorded at cost until their estimated fair value as of the purchase date becomes available.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement
of condition consistent with consolidation under generally accepted accounting principles. Refer to the
note on consolidation accompanying table 10.
3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1
and in other liabilities and accrued dividends in table 9 and table 10.
Note: On November 25, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden Lane
III LLC under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was
formed to purchase multi-sector collateralized debt obligations (CDOs) on which the Financial Products group
of American International Group, Inc. (AIG) has written credit default swap (CDS) contracts. In connection
with the purchase of CDOs, the CDS counterparties will concurrently unwind the related CDS transactions.
Payments by Maiden Lane III LLC from the proceeds of the net portfolio holdings will be made in the following
order: operating expenses of Maiden Lane III LLC, principal due to the FRBNY, interest due to the FRBNY,
principal due to AIG, and interest due to AIG. Any remaining funds will be shared by the FRBNY and AIG.
7. Information on Principal Accounts of Commercial Paper Funding Facility LLC
Millions of dollars
Wednesday
Account name Jul 15, 2009
Commercial paper holdings, net (1) 107,072
Other investments, net 3,981
Net portfolio holdings of Commercial Paper Funding Facility LLC 111,053
Memorandum: Commercial paper holdings, face value 107,303
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 106,647
Accrued interest payable to the Federal Reserve Bank of New York (2) 51
1. Book value, which includes amortized cost and related fees.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of
condition consistent with consolidation under generally accepted accounting principles. Refer to the
note on consolidation accompanying table 10.
Note: On October 27, 2008, the Federal Reserve Bank of New York began extending loans under the authority of
section 13(3) of the Federal Reserve Act to Commercial Paper Funding Facility LLC. This LLC is a limited
liability company formed to purchase three-month U.S. dollar-denominated commercial paper from eligible issuers
and thereby foster liquidity in short-term funding markets and increase the availability of credit for
businesses and households.
8. Information on Principal Accounts of LLCs Funded through the Money Market Investor Funding Facility
Millions of dollars
Wednesday
Account name Jul 15, 2009
Money market instrument holdings, net (1) 0
Other investments, net 0
Net portfolio holdings of LLCs funded through the Money Market Investor Funding Facility 0
Memorandum: Money market instrument holdings, face value 0
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 0
Accrued interest payable to the Federal Reserve Bank of New York (2) 0
Commercial paper issued by LLCs funded through the Money Market Investor Funding Facility,
net of related discounts 0
1. Book value, which includes amortized cost.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of
condition consistent with consolidation under generally accepted accounting principles. Refer to the note
on consolidation accompanying table 10.
Note: The Federal Reserve Board authorized the Federal Reserve Bank of New York to extend credit under the
authority of section 13(3) of the Federal Reserve Act to a series of limited liability companies funded through
the Money Market Investor Funding Facility (MMIFF). The MMIFF became operational on November 24, 2008. These
limited liability companies were established to purchase short-term U.S. dollar-denominated certificates of
deposit, bank notes, and outstanding asset-backed commercial paper from eligible issuers. Such purchases are
designed to foster liquidity in short-term money markets.
9. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of dollars
Eliminations Change since
from Wednesday Wednesday Wednesday
Assets, liabilities, and capital consolidation Jul 15, 2009 Jul 8, 2009 Jul 16, 2008
Assets
Gold certificate account 11,037 0 0
Special drawing rights certificate account 2,200 0 0
Coin 1,792 + 15 + 481
Securities, repurchase agreements, term auction
credit, and other loans 1,699,127 + 79,157 + 937,150
Securities held outright (1) 1,312,150 + 78,369 + 833,114
U.S. Treasury securities 684,030 + 10,530 + 204,994
Bills (2) 18,423 0 - 3,317
Notes and bonds, nominal (2) 617,575 + 10,364 + 205,183
Notes and bonds, inflation-indexed (2) 42,939 + 136 + 3,768
Inflation compensation (3) 5,095 + 32 - 638
Federal agency debt securities (2) 101,701 + 3,873 + 101,701
Mortgage-backed securities (4) 526,418 + 63,965 + 526,418
Repurchase agreements (5) 0 0 - 116,750
Term auction credit 273,691 - 15 + 123,691
Other loans 113,286 + 804 + 97,094
Net portfolio holdings of Commercial Paper
Funding Facility LLC (6) 111,053 - 1,841 + 111,053
Net portfolio holdings of LLCs funded through
the Money Market Investor Funding Facility (7) 0 0 0
Net portfolio holdings of Maiden Lane LLC (8) 25,978 + 23 - 3,041
Net portfolio holdings of Maiden Lane II LLC (9) 15,754 + 12 + 15,754
Net portfolio holdings of
Maiden Lane III LLC (10) 18,814 + 35 + 18,814
Items in process of collection (395) 456 + 85 - 611
Bank premises 2,201 + 2 + 44
Central bank liquidity swaps (11) 111,641 + 2,497 + 49,641
Other assets (12) 74,769 + 249 + 33,466
Total assets (395) 2,074,822 + 80,234 +1,162,751
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.
9. Consolidated Statement of Condition of All Federal Reserve Banks (continued)
Millions of dollars
Eliminations Change since
from Wednesday Wednesday Wednesday
Assets, liabilities, and capital consolidation Jul 15, 2009 Jul 8, 2009 Jul 16, 2008
Liabilities
Federal Reserve notes, net of F.R. Bank holdings 870,327 - 2,429 + 76,906
Reverse repurchase agreements (13) 66,342 - 1,502 + 23,335
Deposits (0) 1,079,190 + 83,198 +1,050,787
Depository institutions 808,824 + 59,670 + 784,895
U.S. Treasury, general account 65,234 + 28,324 + 61,198
U.S. Treasury, supplementary financing account 199,939 0 + 199,939
Foreign official 1,965 - 1,068 + 1,863
Other (0) 3,229 - 3,728 + 2,893
Deferred availability cash items (395) 2,886 + 183 - 253
Other liabilities and accrued dividends (14) 6,604 + 833 + 3,316
Total liabilities (395) 2,025,348 + 80,281 +1,154,091
Capital accounts
Capital paid in 24,512 + 1 + 4,628
Surplus 21,281 + 8 + 2,788
Other capital accounts 3,681 - 56 + 1,244
Total capital 49,474 - 47 + 8,660
Note: Components may not sum to totals because of rounding.
1. Includes securities lent to dealers under the overnight and term securities lending facilities; refer
to table 1A.
2. Face value of the securities.
3. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed
securities.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is
the remaining principal balance of the underlying mortgages.
5. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.
6. Refer to table 7 and the note on consolidation accompanying table 10.
7. Refer to table 8 and the note on consolidation accompanying table 10.
8. Refer to table 4 and the note on consolidation accompanying table 10.
9. Refer to table 5 and the note on consolidation accompanying table 10.
10. Refer to table 6 and the note on consolidation accompanying table 10.
11. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when
the foreign currency is returned to the foreign central bank. This exchange rate equals the market
exchange rate used when the foreign currency was acquired from the foreign central bank.
12. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates.
13. Cash value of agreements, which are collateralized by U.S. Treasury securities.
14. Includes the liabilities of Commercial Paper Funding Facility LLC, the LLCs funded through the Money Market
Investor Funding Facility, Maiden Lane LLC, Maiden Lane II LLC, and Maiden Lane III LLC to entities other
than the Federal Reserve Bank of New York, including liabilities that have recourse only to the portfolio
holdings of these LLCs. Refer to table 4 through table 8 and the note on consolidation accompanying table 10.
10. Statement of Condition of Each Federal Reserve Bank, July 15, 2009
Millions of dollars
Kansas San
Assets, liabilities, and capital Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas Francisco
Assets
Gold certificate account 11,037 412 3,895 450 467 882 1,356 911 329 197 335 621 1,182
Special drawing rights certificate acct. 2,200 115 874 83 104 147 166 212 71 30 66 98 234
Coin 1,792 59 70 151 144 231 215 220 39 58 130 186 289
Securities, repurchase agreements, term
auction credit, and other loans 1,699,127 44,176 798,960 39,415 58,626 66,713 163,827 147,293 54,425 22,305 61,182 66,511 175,694
Securities held outright (1) 1,312,150 25,171 512,887 20,357 51,840 47,286 158,096 141,989 51,405 21,723 59,229 63,444 158,722
U.S. Treasury securities 684,030 13,122 267,371 10,612 27,025 24,650 82,416 74,019 26,798 11,324 30,877 33,074 82,743
Bills (2) 18,423 353 7,201 286 728 664 2,220 1,994 722 305 832 891 2,228
Notes and bonds (3) 665,608 12,768 260,170 10,326 26,297 23,987 80,197 72,026 26,076 11,019 30,045 32,183 80,514
Federal agency debt securities (2) 101,701 1,951 39,752 1,578 4,018 3,665 12,254 11,005 3,984 1,684 4,591 4,917 12,302
Mortgage-backed securities (4) 526,418 10,098 205,764 8,167 20,798 18,971 63,426 56,964 20,623 8,715 23,762 25,453 63,677
Repurchase agreements (5) 0 0 0 0 0 0 0 0 0 0 0 0 0
Term auction credit 273,691 13,342 182,284 18,962 6,723 18,880 5,480 3,790 2,855 371 1,951 3,056 15,998
Other loans 113,286 5,662 103,789 96 63 547 251 1,514 165 211 2 11 974
Net portfolio holdings of Commercial
Paper Funding Facility LLC (6) 111,053 0 111,053 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of LLCs funded
through the Money Market Investor
Funding Facility (7) 0 0 0 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of Maiden Lane
LLC (8) 25,978 0 25,978 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of Maiden
Lane II LLC (9) 15,754 0 15,754 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of Maiden
Lane III LLC (10) 18,814 0 18,814 0 0 0 0 0 0 0 0 0 0
Items in process of collection 851 22 0 156 84 39 57 73 138 49 64 117 50
Bank premises 2,201 121 219 67 147 238 222 207 136 112 270 248 213
Central bank liquidity swaps (11) 111,641 4,604 27,281 12,626 8,465 32,614 8,790 3,836 1,144 1,769 1,134 1,478 7,901
Other assets (12) 74,769 1,996 26,011 3,592 3,805 9,064 7,845 6,132 2,198 1,228 2,482 2,730 7,687
Interdistrict settlement account 0 + 6,391 - 20,860 + 1,322 - 3,730 + 161,463 - 32,783 - 44,736 - 21,994 - 3,203 - 14,225 - 5,547 - 22,098
Total assets 2,075,217 57,896 1,008,049 57,862 68,112 271,391 149,694 114,149 36,485 22,545 51,438 66,442 171,152
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.
10. Statement of Condition of Each Federal Reserve Bank, July 15, 2009 (continued)
Millions of dollars
Kansas San
Assets, liabilities, and capital Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas Francisco
Liabilities
Federal Reserve notes outstanding 1,054,823 36,005 382,096 40,004 45,019 81,974 132,075 86,648 30,900 19,881 28,857 62,040 109,322
Less: Notes held by F.R. Banks 184,496 4,761 56,950 6,668 8,325 12,452 27,703 13,062 4,155 3,092 3,531 18,584 25,211
Federal Reserve notes, net 870,327 31,244 325,146 33,336 36,694 69,523 104,372 73,586 26,744 16,789 25,326 43,456 84,111
Reverse repurchase agreements (13) 66,342 1,273 25,931 1,029 2,621 2,391 7,993 7,179 2,599 1,098 2,995 3,208 8,025
Deposits 1,079,190 23,307 638,395 17,774 24,918 185,499 33,253 30,936 6,274 3,023 22,308 18,760 74,744
Depository institutions 808,824 23,281 368,240 17,769 24,914 185,351 33,244 30,932 6,263 3,022 22,307 18,759 74,741
U.S. Treasury, general account 65,234 0 65,234 0 0 0 0 0 0 0 0 0 0
U.S. Treasury, supplementary
financing account 199,939 0 199,939 0 0 0 0 0 0 0 0 0 0
Foreign official 1,965 2 1,935 4 3 11 3 1 0 1 0 1 3
Other 3,229 24 3,047 0 1 136 7 2 10 0 1 0 0
Deferred availability cash items 3,280 81 0 466 364 115 367 395 176 311 197 223 585
Other liabilities and accrued
dividends (14) 6,604 135 3,693 141 208 395 468 411 198 116 177 230 432
Total liabilities 2,025,743 56,039 993,165 52,746 64,804 257,922 146,454 112,507 35,991 21,337 51,003 65,876 167,896
Capital
Capital paid in 24,512 920 7,247 2,607 1,635 6,809 1,559 791 238 632 207 273 1,594
Surplus 21,281 844 5,811 2,316 1,552 5,981 1,612 704 209 324 208 271 1,449
Other capital 3,681 93 1,827 194 121 679 70 147 46 252 20 22 212
Total liabilities and capital 2,075,217 57,896 1,008,049 57,862 68,112 271,391 149,694 114,149 36,485 22,545 51,438 66,442 171,152
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.
10. Statement of Condition of Each Federal Reserve Bank, July 15, 2009 (continued)
1. Includes securities lent to dealers under the overnight and term securities lending facilities; refer to table 1A.
2. Face value of the securities.
3. Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face value of such securities.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the underlying mortgages.
5. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.
6. Refer to table 7 and the note on consolidation below.
7. Refer to table 8 and the note on consolidation below.
8. Refer to table 4 and the note on consolidation below.
9. Refer to table 5 and the note on consolidation below.
10. Refer to table 6 and the note on consolidation below.
11. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This
exchange rate equals the market exchange rate used when the foreign currency was acquired from the foreign central bank.
12. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates.
13. Cash value of agreements, which are collateralized by U.S. Treasury securities.
14. Includes the liabilities of Commercial Paper Funding Facility LLC, the LLCs funded through the Money Market Investor Funding Facility, Maiden Lane LLC, Maiden Lane II LLC, and Maiden
Lane III LLC to entities other than the Federal Reserve Bank of New York, including liabilities that have recourse only to the portfolio holdings of these LLCs. Refer to table 4 through
table 8 and the note on consolidation below.
Note on consolidation:
The Federal Reserve Bank of New York (FRBNY) has extended loans to several limited liability companies under the authority of section 13(3) of the Federal Reserve Act. On June 26, 2008,
a loan was extended to Maiden Lane LLC, which was formed to acquire certain assets of Bear Stearns. On October 27, 2008, the FRBNY began extending loans to Commercial Paper Funding
Facility LLC, which was formed to purchase three-month U.S. dollar-denominated commercial paper from eligible issuers. On October 21, 2008, the Federal Reserve Board authorized the FRBNY
to extend credit to a series of LLCs funded through the Money Market Investor Funding Facility. These LLCs, which became operational on November 24, 2008, were established to purchase
short-term U.S. dollar-denominated certificates of deposit, bank notes, and commercial paper from eligible issuers. On November 25, 2008, a loan was extended to Maiden Lane III LLC,
which was formed to purchase multi-sector collateralized debt obligations on which the Financial Products group of the American International Group, Inc. has written credit default swap
contracts. On December 12, 2008, a loan was extended to Maiden Lane II LLC, which was formed to purchase residential mortgage-backed securities from the U.S. securities lending
reinvestment portfolio of subsidiaries of American International Group, Inc.
The FRBNY is the sole beneficiary of Commercial Paper Funding Facility LLC and the primary beneficiary of the other LLCs cited above. Consistent with generally accepted accounting principles,
the assets and liabilities of these LLCs have been consolidated with the assets and liabilities of the FRBNY in the preparation of the statements of condition shown on this release. As a
consequence of the consolidation, the extensions of credit from the FRBNY to the LLCs are eliminated, the net assets of the LLCs appear as assets on the previous page (and in table 1 and
table 9), and the liabilities of the LLCs to entities other than the FRBNY, including those with recourse only to the portfolio holdings of the LLCs, are included in other liabilities in
this table (and table 1 and table 9).
11. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts
Millions of dollars
Federal Reserve notes and collateral Wednesday
Jul 15, 2009
Federal Reserve notes outstanding 1,054,823
Less: Notes held by F.R. Banks not subject to collateralization 184,496
Federal Reserve notes to be collateralized 870,327
Collateral held against Federal Reserve notes 870,327
Gold certificate account 11,037
Special drawing rights certificate account 2,200
U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 857,090
Other assets pledged 0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 1,312,150
Less: Face value of securities under reverse repurchase agreements 65,853
U.S. Treasury, agency debt, and mortgage-backed securities
eligible to be pledged 1,246,297
Note: Components may not sum to totals because of rounding.
1. Includes face value of U.S. Treasury, agency debt, and mortgage-backed securities held outright,
compensation to adjust for the effect of inflation on the original face value of inflation-indexed
securities, and cash value of repurchase agreements.
2. Includes securities lent to dealers under the overnight and term securities lending facilities; refer
to table 1A.
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