Federal Reserve Statistical Release, H.4.1, Factors Affecting Reserve Balances; title with eagle logo links to Statistical Release home page
Release Date:   June 10, 2010
Release dates | Historical data | Data Download Program (DDP) | About | Announcements
Current release  Other formats: Screen reader | ASCII | PDF (21 KB)

Try data download now image link
For release on
June 15, 2010

The Board's H.4.1 statistical release ("Factors Affecting Reserve Balances of Depository Institutions
and Condition Statement of Federal Reserve Banks") for June 10, 2010 contained an error in table 3,
which has been corrected. The amount of commitments to buy mortgage-backed securities was
corrected from $49,554 million to $46,924 million, and the amount of commitments to sell
mortgage-backed securities was corrected from $13,980 million to $11,350 million.

FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks

June 10, 2010
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
Jun 9, 2010
Week ended
Jun 9, 2010
Change from week ended
Jun 2, 2010 Jun 10, 2009
Reserve Bank credit 2,313,588 - 6,168 + 287,873 2,313,939
    Securities held outright 1 2,057,291 + 63 + 923,767 2,057,322
        U.S. Treasury securities 776,925 + 19 + 154,673 776,932
            Bills 2 18,423 0 0 18,423
            Notes and bonds, nominal 2 712,023 0 + 155,935 712,023
            Notes and bonds, inflation-indexed 2 41,125 0 - 1,678 41,125
            Inflation compensation 3 5,354 + 20 + 416 5,361
        Federal agency debt securities 2 166,715 - 95 + 82,859 166,715
        Mortgage-backed securities 4 1,113,651 + 138 + 686,235 1,113,675
    Repurchase agreements 5 0 0 0 0
    Term auction credit 0 0 - 336,566 0
    Other loans 70,966 - 487 - 48,644 70,791
        Primary credit 105 - 573 - 36,769 85
        Secondary credit 300 0 + 299 300
        Seasonal credit 46 + 7 + 33 46
        Asset-Backed Commercial Paper Money Market
            Mutual Fund Liquidity Facility
0 0 - 21,158 0
        Credit extended to American International
            Group, Inc., net 6
26,699 + 293 - 16,799 26,619
        Term Asset-Backed Securities Loan Facility 7 43,815 - 215 + 25,748 43,742
        Other credit extensions 0 0 0 0
    Net portfolio holdings of Commercial Paper
        Funding Facility LLC 8
1 0 - 140,826 1
    Net portfolio holdings of Maiden Lane LLC 9 28,371 + 33 + 2,532 28,394
    Net portfolio holdings of Maiden Lane II LLC 10 15,722 - 187 - 217 15,693
    Net portfolio holdings of Maiden Lane III LLC 11 23,110 - 277 + 3,234 23,166
    Net portfolio holdings of TALF LLC 12 478 0 + 478 478
    Preferred interests in AIA Aurora LLC and ALICO
        Holdings LLC 13
25,416 0 + 25,416 25,416
    Float -2,005 - 289 + 181 -2,193
    Central bank liquidity swaps 14 1,242 - 5,400 - 164,614 1,242
    Other Federal Reserve assets 15 92,996 + 376 + 23,133 93,628
Gold stock 11,041 0 0 11,041
Special drawing rights certificate account 5,200 0 + 3,000 5,200
Treasury currency outstanding 16 42,885 + 14 + 468 42,885
 
Total factors supplying reserve funds 2,372,714 - 6,154 + 291,341 2,373,065
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
reserve balances of depository institutions at
Federal Reserve Banks
Averages of daily figures Wednesday
Jun 9, 2010
Week ended
Jun 9, 2010
Change from week ended
Jun 2, 2010 Jun 10, 2009
Currency in circulation 16 942,206 - 794 + 34,641 942,049
Reverse repurchase agreements 17 60,790 + 1,647 - 6,318 60,763
    Foreign official and international accounts 60,790 + 1,647 - 6,318 60,763
    Dealers 0 0 0 0
Treasury cash holdings 212 + 6 - 87 211
Deposits with F.R. Banks, other than reserve balances 238,120 + 16 - 11,863 224,023
    U.S. Treasury, general account 32,796 - 339 + 1,404 19,140
    U.S. Treasury, supplementary financing account 199,960 + 2 + 24 199,960
    Foreign official 1,877 - 108 - 180 2,022
    Service-related 2,548 - 95 - 1,669 2,548
        Required clearing balances 2,548 - 95 - 1,669 2,548
        Adjustments to compensate for float 0 0 0 0
    Other 940 + 557 - 11,441 354
Other liabilities and capital 18 70,929 - 531 + 18,876 70,841
 
Total factors, other than reserve balances,
    absorbing reserve funds
1,312,258 + 345 + 35,249 1,297,887
 
Reserve balances with Federal Reserve Banks 1,060,456 - 6,498 + 256,091 1,075,178
Note: Components may not sum to totals because of rounding.


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

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


1A. Memorandum Items
Millions of dollars
Memorandum item Averages of daily figures Wednesday
Jun 9, 2010
Week ended
Jun 9, 2010
Change from week ended
Jun 2, 2010 Jun 10, 2009
Marketable securities held in custody for foreign
    official and international accounts 1
3,075,891 + 30 + 326,295 3,073,270
    U.S. Treasury securities 2,267,145 - 547 + 330,276 2,262,373
    Federal agency securities 2 808,746 + 578 - 3,981 810,897
Securities lent to dealers 5,266 - 485 - 22,213 5,198
    Overnight facility 3 5,266 - 485 - 4,806 5,198
        U.S. Treasury securities 3,787 - 280 - 6,285 3,905
        Federal agency debt securities 1,478 - 206 + 1,478 1,293
    Term facility 4 0 0 - 17,407 0
Note: Components may not sum to totals because of rounding.


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

2. Maturity Distribution of Securities, Loans, and Selected Other Assets and Liabilities, June 9, 2010
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
Other loans 1 394 37 0 70,360 0 ... 70,791
U.S. Treasury securities 2  
    Holdings 12,889 19,693 53,514 332,921 214,182 143,734 776,932
    Weekly changes - 3,520 + 3,520 + 2 + 4 + 5 + 8 + 19
Federal agency debt securities 3  
    Holdings 1,101 9,112 37,409 83,198 33,548 2,347 166,715
    Weekly changes + 592 - 592 0 0 0 0 0
Mortgage-backed securities 4  
    Holdings 0 0 0 32 20 1,113,624 1,113,675
    Weekly changes 0 0 0 0 0 + 61 + 61
Commercial paper held by
    Commercial Paper Funding
    Facility LLC 5
0 0 0 ... ... ... 0
Asset-backed securities held by
    TALF LLC 6
0 0 0 0 0 0 0
Repurchase agreements 7 0 0 ... ... ... ... 0
Central bank liquidity swaps 8 0 1,242 0 0 0 0 1,242
   
Reverse repurchase agreements 7 60,763 0 ... ... ... ... 60,763
Note: Components may not sum to totals because of rounding.

. . . Not applicable.


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

3. Supplemental Information on Mortgage-Backed Securities Purchase Program
Millions of dollars
Account name Wednesday
Jun 9, 2010
Mortgage-backed securities held outright 1 1,113,675
 
Commitments to buy mortgage-backed securities 2 46,924
Commitments to sell mortgage-backed securities 2 11,350
 
Cash and cash equivalents 3 398
On 6/15/2010, the amount of commitments to buy mortgage-backed securities was corrected from $49,554 million to $46,924 million, and the amount of commitments to sell mortgage-backed securities was corrected from $13,980 million to $11,350 million.


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

4. Information on Principal Accounts of Maiden Lane LLC
Millions of dollars
Account name Wednesday
Jun 9, 2010
Net portfolio holdings of Maiden Lane LLC 1 28,394
 
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 2 499
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. 3 1,277
1. 
Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of March 31, 2010. Any assets purchased after this valuation date are initially recorded at cost until their estimated fair value as of the purchase date becomes available.
2. 
Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 11.
3. 
Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 10 and table 11.

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


5. Information on Principal Accounts of Maiden Lane II LLC
Millions of dollars
Account name Wednesday
Jun 9, 2010
Net portfolio holdings of Maiden Lane II LLC 1 15,693
 
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York 2 14,311
Accrued interest payable to the Federal Reserve Bank of New York 2 349
Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc. 3 1,051
1. 
Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of March 31, 2010. Any assets purchased after this valuation date are initially recorded at cost until their estimated fair value as of the purchase date becomes available.
2. 
Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 11.
3. 
Book value. The deferred payment represents the portion of the proceeds of the net portfolio holdings due to subsidiaries of American International Group, Inc. in accordance with the asset purchase agreement. The fair value of this payment and accrued interest payable are included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 10 and table 11.

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


6. Information on Principal Accounts of Maiden Lane III LLC
Millions of dollars
Account name Wednesday
Jun 9, 2010
Net portfolio holdings of Maiden Lane III LLC 1 23,166
 
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York 2 15,846
Accrued interest payable to the Federal Reserve Bank of New York 2 435
Outstanding principal amount and accrued interest on loan payable to American International Group, Inc. 3 5,268
1. 
Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of March 31, 2010. Any assets purchased after this valuation date are initially recorded at cost until their estimated fair value as of the purchase date becomes available.
2. 
Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 11.
3. 
Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 10 and table 11.

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


7. Information on Principal Accounts of Commercial Paper Funding Facility LLC
Millions of dollars
Account name Wednesday
Jun 9, 2010
Commercial paper holdings, net 1 0
Other investments, net 1
Net portfolio holdings of Commercial Paper Funding Facility LLC 1
 
Memorandum: Commercial paper holdings, face value 0
 
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York 2 0
Accrued interest payable to the Federal Reserve Bank of New York 2 0
1. 
Book value, which includes amortized cost and related fees.
2. 
Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 11.

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


8. Information on Principal Accounts of TALF LLC
Millions of dollars
Account name Wednesday
Jun 9, 2010
Asset-backed securities holdings 1 0
Other investments, net 478
Net portfolio holdings of TALF LLC 478
 
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York 2 0
Accrued interest payable to the Federal Reserve Bank of New York 2 0
Funding provided by U.S. Treasury to TALF LLC, including accrued interest payable 3 104
1. 
Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an orderly market on the measurement date.
2. 
Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 11.
3. 
Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 10 and table 11.

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


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


9. Supplemental Information on the Federal Reserve Bank of New York's Preferred Interests in
AIA Aurora LLC and ALICO Holdings LLC
Millions of dollars
Account name Wednesday
Jun 9, 2010
Preferred interests in AIA Aurora LLC and ALICO Holdings LLC 1 25,416
Accrued dividends on preferred interests in AIA Aurora LLC and ALICO Holdings LLC 2 244
 
Preferred interests in AIA Aurora LLC 1 16,266
Accrued dividends on preferred interests in AIA Aurora LLC 2 156
 
Preferred interests in ALICO Holdings LLC 1 9,150
Accrued dividends on preferred interests in ALICO Holdings LLC 2 88
Note: Components may not sum to totals because of rounding.


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

Note on preferred interests:


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


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


10. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of dollars
Assets, liabilities, and capital Eliminations from
consolidation
Wednesday
Jun 9, 2010
Change since
Wednesday
Jun 2, 2010
Wednesday
Jun 10, 2009
Assets  
    Gold certificate account   11,037 0 0
    Special drawing rights certificate account   5,200 0 + 3,000
    Coin   2,024 + 28 + 243
    Securities, repurchase agreements, term auction
        credit, and other loans
  2,128,113 - 165 + 525,080
        Securities held outright 1   2,057,322 + 80 + 914,847
            U.S. Treasury securities   776,932 + 19 + 148,242
                Bills 2   18,423 0 0
                Notes and bonds, nominal 2   712,023 0 + 149,507
                Notes and bonds, inflation-indexed 2   41,125 0 - 1,678
                Inflation compensation 3   5,361 + 19 + 413
            Federal agency debt securities 2   166,715 0 + 80,346
            Mortgage-backed securities 4   1,113,675 + 61 + 686,259
        Repurchase agreements 5   0 0 0
        Term auction credit   0 0 - 336,566
        Other loans   70,791 - 244 - 53,201
    Net portfolio holdings of Commercial Paper
        Funding Facility LLC 6
  1 0 - 138,439
    Net portfolio holdings of Maiden Lane LLC 7   28,394 + 27 + 2,512
    Net portfolio holdings of Maiden Lane II LLC 8   15,693 - 218 - 248
    Net portfolio holdings of Maiden Lane III LLC 9   23,166 - 235 + 3,156
    Net portfolio holdings of TALF LLC 10   478 0 + 478
    Preferred interests in AIA Aurora LLC and ALICO
        Holdings LLC 11
  25,416 0 + 25,416
    Items in process of collection (38) 226 - 177 - 366
    Bank premises   2,233 + 1 + 37
    Central bank liquidity swaps 12   1,242 - 5,400 - 162,992
    Other assets 13   91,761 + 1,444 + 23,286
 
Total assets (38) 2,334,985 - 4,693 + 281,164
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.


10. Consolidated Statement of Condition of All Federal Reserve Banks (continued)
Millions of dollars
Assets, liabilities, and capital Eliminations from
consolidation
Wednesday
Jun 9, 2010
Change since
Wednesday
Jun 2, 2010
Wednesday
Jun 10, 2009
Liabilities  
    Federal Reserve notes, net of F.R. Bank holdings   901,394 - 2,333 + 32,963
    Reverse repurchase agreements 14   60,763 + 1,647 - 6,280
    Deposits (0) 1,299,568 - 3,710 + 236,240
        Depository institutions   1,078,093 + 39,266 + 262,436
        U.S. Treasury, general account   19,140 - 43,177 + 1,974
        U.S. Treasury, supplementary financing account   199,960 + 2 + 24
        Foreign official   2,022 + 198 - 487
        Other (0) 354 + 3 - 27,707
    Deferred availability cash items (38) 2,419 - 806 - 450
    Other liabilities and accrued dividends 15   15,297 - 78 + 9,255
 
Total liabilities (38) 2,279,442 - 5,279 + 271,728
 
Capital accounts  
    Capital paid in   26,392 - 14 + 2,147
    Surplus   25,693 + 28 + 5,278
    Other capital accounts   3,458 + 572 + 2,011
 
Total capital   55,544 + 587 + 9,437
Note: Components may not sum to totals because of rounding.


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


11. Statement of Condition of Each Federal Reserve Bank, June 9, 2010
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 11,037 369 4,038 404 463 846 1,385 887 324 203 296 652 1,170
    Special drawing rights certificate acct. 5,200 196 1,818 210 237 412 654 424 150 90 153 282 574
    Coin 2,024 67 75 161 143 290 183 311 28 62 141 197 366
    Securities, repurchase agreements,
        term auction credit, and other
        loans
2,128,113 52,064 910,157 48,051 69,899 234,307 194,691 155,104 52,999 28,186 70,577 86,390 225,688
        Securities held outright 1 2,057,322 52,064 839,496 48,044 69,899 234,307 194,679 155,094 52,993 28,164 70,575 86,388 225,619
            U.S. Treasury securities 776,932 19,662 317,029 18,144 26,397 88,484 73,519 58,570 20,012 10,636 26,652 32,624 85,203
                Bills 2 18,423 466 7,517 430 626 2,098 1,743 1,389 475 252 632 774 2,020
                Notes and bonds 3 758,510 19,195 309,512 17,713 25,771 86,386 71,776 57,181 19,538 10,384 26,020 31,850 83,183
            Federal agency debt securities 2 166,715 4,219 68,029 3,893 5,664 18,987 15,776 12,568 4,294 2,282 5,719 7,000 18,283
            Mortgage-backed securities 4 1,113,675 28,183 454,438 26,008 37,838 126,836 105,384 83,956 28,686 15,246 38,204 46,764 122,132
        Repurchase agreements 5 0 0 0 0 0 0 0 0 0 0 0 0 0
        Term auction credit 0 0 0 0 0 0 0 0 0 0 0 0 0
        Other loans 70,791 0 70,660 6 0 0 12 10 6 21 3 3 70
    Net portfolio holdings of Commercial
        Paper Funding Facility LLC 6
1 0 1 0 0 0 0 0 0 0 0 0 0
    Net portfolio holdings of Maiden
        Lane LLC 7
28,394 0 28,394 0 0 0 0 0 0 0 0 0 0
    Net portfolio holdings of Maiden
        Lane II LLC 8
15,693 0 15,693 0 0 0 0 0 0 0 0 0 0
    Net portfolio holdings of Maiden
        Lane III LLC 9
23,166 0 23,166 0 0 0 0 0 0 0 0 0 0
    Net portfolio holdings of TALF LLC 10 478 0 478 0 0 0 0 0 0 0 0 0 0
    Preferred interests in AIA Aurora LLC
        and ALICO Holdings LLC 11
25,416 0 25,416 0 0 0 0 0 0 0 0 0 0
    Items in process of collection 264 9 -96 18 49 7 49 142 3 21 9 30 23
    Bank premises 2,233 123 259 70 143 238 219 210 136 109 266 249 212
    Central bank liquidity swaps 12 1,242 46 360 136 93 346 77 30 12 34 10 17 82
    Other assets 13 91,761 2,591 34,995 4,249 4,035 14,212 7,842 5,632 1,973 1,599 2,519 3,176 8,938
    Interdistrict settlement account 0 - 7,921 + 96,361 + 18,444 - 11,251 + 42,508 - 45,422 - 37,986 - 14,851 + 14,985 - 20,623 - 11,644 - 22,600
 
Total assets 2,335,023 47,544 1,141,115 71,742 63,810 293,167 159,678 124,754 40,773 45,289 53,348 79,349 214,453
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.


11. Statement of Condition of Each Federal Reserve Bank, June 9, 2010 (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 1,086,960 34,986 401,043 38,738 44,670 84,462 136,869 86,299 32,036 19,931 29,333 65,356 113,239
        Less: Notes held by F.R. Banks 185,566 3,990 63,362 5,501 9,807 13,378 29,451 11,898 4,451 2,979 3,350 12,005 25,393
            Federal Reserve notes, net 901,394 30,996 337,680 33,237 34,862 71,084 107,417 74,401 27,585 16,951 25,983 53,351 87,846
    Reverse repurchase agreements 14 60,763 1,538 24,794 1,419 2,064 6,920 5,750 4,581 1,565 832 2,084 2,551 6,664
    Deposits 1,299,568 12,805 751,780 30,918 22,151 201,450 42,482 43,779 10,838 25,390 24,475 22,162 111,337
        Depository institutions 1,078,093 12,798 530,459 30,914 22,148 201,370 42,479 43,732 10,837 25,389 24,473 22,162 111,332
        U.S. Treasury, general account 19,140 0 19,140 0 0 0 0 0 0 0 0 0 0
        U.S. Treasury, supplementary
            financing account
199,960 0 199,960 0 0 0 0 0 0 0 0 0 0
        Foreign official 2,022 1 1,994 4 3 11 2 1 0 1 0 1 3
        Other 354 6 228 0 0 69 0 45 1 0 1 0 2
    Deferred availability cash items 2,457 86 0 224 567 98 162 171 62 366 120 119 480
    Other liabilities and accrued
        dividends 15
15,297 221 10,974 281 302 890 605 479 207 159 213 295 672
 
Total liabilities 2,279,479 45,647 1,125,229 66,079 59,947 280,443 156,416 123,410 40,257 43,698 52,875 78,479 206,999
 
Capital  
    Capital paid in 26,392 916 7,548 2,948 1,907 5,441 1,547 614 239 803 211 396 3,823
    Surplus 25,693 945 7,579 2,715 1,911 7,141 1,581 620 240 712 210 353 1,688
    Other capital 3,458 37 758 0 46 142 134 110 38 76 52 122 1,944
 
Total liabilities and capital 2,335,023 47,544 1,141,115 71,742 63,810 293,167 159,678 124,754 40,773 45,289 53,348 79,349 214,453
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.


11. Statement of Condition of Each Federal Reserve Bank, June 9, 2010 (continued)

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


Note on consolidation:


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


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


12. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts
Millions of dollars
Federal Reserve notes and collateral Wednesday
Jun 9, 2010
Federal Reserve notes outstanding 1,086,960
    Less: Notes held by F.R. Banks not subject to collateralization 185,566
        Federal Reserve notes to be collateralized 901,394
Collateral held against Federal Reserve notes 901,394
    Gold certificate account 11,037
    Special drawing rights certificate account 5,200
    U.S. Treasury, agency debt, and mortgage-backed securities pledged 1,2 885,158
    Other assets pledged 0
Memo:  
Total U.S. Treasury, agency debt, and mortgage-backed securities 1,2 2,057,322
    Less: Face value of securities under reverse repurchase agreements 59,730
        U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 1,997,592
Note: Components may not sum to totals because of rounding.


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

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

Statistical releases