Federal Reserve Statistical Release, H.4.1, Factors Affecting Reserve Balances; title with eagle logo links to Statistical Release home page
Release Date: April 28, 2011
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 at
4:30 P.M. EDT
April 28, 2011

The weekly average values, shown in table 1, reflect the March 31, 2011, quarterly updates to the fair
values of the net portfolio holdings of Maiden Lane LLC, Maiden Lane II LLC, and Maiden Lane
III LLC, and the fair value adjustment of the Term Asset-Backed Securities Loan Facility, or TALF,
which is included in "Other Federal Reserve assets."  The amounts for the first six days of this
reporting week are based on the values as of December 31, 2010, and the amounts for the last day of
the reporting week are based on the values as of March 31, 2011.

FEDERAL RESERVE statistical release
H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
                                                                                               April 28, 2011
 
1. Factors Affecting Reserve Balances of Depository Institutions
Millions of dollars
Reserve Bank credit, related items, and                         Averages of daily figures         Wednesday  
reserve balances of depository institutions at             Week ended   Change from week ended   Apr 27, 2011
Federal Reserve Banks                                     Apr 27, 2011 Apr 20, 2011 Apr 28, 2010
 
Reserve Bank credit                                        2,671,770   +   12,446   +  355,466    2,675,152
  Securities held outright (1)                             2,464,929   +   10,898   +  419,547    2,466,674
    U.S. Treasury securities                               1,406,554   +   15,970   +  629,838    1,413,467
      Bills (2)                                               18,423            0            0       18,423
      Notes and bonds, nominal (2)                         1,323,155   +   14,701   +  610,897    1,330,040
      Notes and bonds, inflation-indexed (2)                  58,065   +    1,083   +   17,174       58,065
      Inflation compensation (3)                               6,912   +      186   +    1,767        6,940
    Federal agency debt securities (2)                       127,810   -    1,703   -   41,093      126,186
    Mortgage-backed securities (4)                           930,565   -    3,369   -  169,198      927,021
  Repurchase agreements (5)                                        0            0            0            0
  Loans                                                       17,207   -      411   -   60,870       16,798
    Primary credit                                                 9   +        4   -    5,981           13
    Secondary credit                                               0            0   -      588            0
    Seasonal credit                                               12   +        2   -       20           12
    Credit extended to American International
       Group, Inc., net (6)                                        0            0   -   25,812            0
    Term Asset-Backed Securities Loan Facility (7)            17,186   -      417   -   28,470       16,774
    Other credit extensions                                        0            0            0            0
  Net portfolio holdings of Commercial Paper
     Funding Facility LLC (8)                                      0            0   -    6,562            0
  Net portfolio holdings of Maiden Lane LLC (9)               24,376   +       98   -    3,291       24,763
  Net portfolio holdings of Maiden Lane II LLC (10)           15,968   +      117   +      646       16,541
  Net portfolio holdings of Maiden Lane III LLC (11)          23,257   +      223   +      990       24,563
  Net portfolio holdings of TALF LLC (12)                        733   +       15   +      294          733
  Preferred interests in AIA Aurora LLC and ALICO
     Holdings LLC (6)                                              0            0   -   25,416            0
  Float                                                         -962   +      308   +      809       -1,471
  Central bank liquidity swaps (13)                                0            0            0            0
  Other Federal Reserve assets (14)                          126,261   +    1,196   +   29,318      126,550
Gold stock                                                    11,041            0            0       11,041
Special drawing rights certificate account                     5,200            0            0        5,200
Treasury currency outstanding (15)                            43,865   +       14   +      812       43,865

Total factors supplying reserve funds                      2,731,876   +   12,460   +  356,277    2,735,258
 
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.

 
1. Factors Affecting Reserve Balances of Depository Institutions (continued)
Millions of dollars
Reserve Bank credit, related items, and                         Averages of daily figures         Wednesday  
reserve balances of depository institutions at             Week ended   Change from week ended   Apr 27, 2011
Federal Reserve Banks                                     Apr 27, 2011 Apr 20, 2011 Apr 28, 2010
 
Currency in circulation (15)                               1,011,258   +      744   +   76,980    1,013,842
Reverse repurchase agreements (16)                            56,811   +      877   +    4,134       57,031
  Foreign official and international accounts                 56,811   +      877   +    4,134       57,031
  Others                                                           0            0            0            0
Treasury cash holdings                                           188   -       17   -       28          163
Deposits with F.R. Banks, other than reserve balances        118,455   +   25,865   -  147,661      139,437
  Term deposits held by depository institutions                5,081            0   +    5,081        5,081
  U.S. Treasury, general account                             104,152   +   30,884   +   46,990      126,185
  U.S. Treasury, supplementary financing account               5,000            0   -  194,959        5,000
  Foreign official                                               137   +        7   -    5,333          192
  Service-related                                              2,546   -        2   -      116        2,546
    Required clearing balances                                 2,546   -        2   -      116        2,546
    Adjustments to compensate for float                            0            0            0            0
  Other                                                        1,539   -    5,025   +      675          433
Funds from American International Group, Inc. asset
   dispositions, held as agent (6)                                 0            0            0            0
Other liabilities and capital (17)                            73,728   +      202   +    4,491       75,074

Total factors, other than reserve balances,
   absorbing reserve funds                                 1,260,438   +   27,669   -   62,087    1,285,546

Reserve balances with Federal Reserve Banks                1,471,438   -   15,210   +  418,364    1,449,713
 
Note: Components may not sum to totals because of rounding.

1. Includes securities lent to dealers under the overnight securities lending facility; 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. As a result of the closing of the American International Group, Inc. (AIG) recapitalization plan on
   January 14, 2011, the credit extended to AIG was fully repaid and the Federal Reserve's commitment to lend
   any further funds was terminated. In addition, the Federal Reserve Bank of New York (FRBNY) has been paid
   in full for its preferred interests in AIA Aurora LLC and ALICO Holdings LLC. The funds from AIG asset
   dispositions that FRBNY held as agent were the source of repayment of the credit extended to AIG, as well
   as a portion of the FRBNY's preferred interests in ALICO Holdings LLC. The remaining FRBNY preferred
   interests in ALICO Holdings LLC and AIA Aurora LLC, valued at approximately $20 billion, were purchased by
   AIG through a draw on the Treasury's Series F preferred stock commitment and then transferred by AIG to
   the Treasury as consideration for the draw on the available Series F funds.
7. Includes credit extended by the Federal Reserve Bank of New York to eligible borrowers through the Term
   Asset-Backed Securities Loan Facility.
8. Includes the book value of the commercial paper, net of amortized costs and related fees, and other
   investments held by the Commercial Paper Funding Facility LLC.
9.  Refer to table 4 and the note on consolidation accompanying table 9.
10. Refer to table 5 and the note on consolidation accompanying table 9.
11. Refer to table 6 and the note on consolidation accompanying table 9.
12. Refer to table 7 and the note on consolidation accompanying table 9.
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, and the fair value adjustment to credit extended by the FRBNY to eligible borrowers through the
    Term Asset-Backed Securities Loan Facility. Before the closing of the AIG recapitalization plan on
    January 14, 2011, included accrued dividends on the FRBNY's preferred interests in AIA Aurora LLC and
    ALICO Holdings LLC.
15. Estimated.
16. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt
    securities, and mortgage-backed securities.
17. Includes the liabilities of 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 7 and the note on consolidation
    accompanying table 9. Also includes the liability for interest on Federal Reserve notes due to U.S.
    Treasury. Refer to table 8 and table 9.

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

 
1A. Memorandum Items
Millions of dollars
                                                                Averages of daily figures         Wednesday  
                                                           Week ended   Change from week ended   Apr 27, 2011
Memorandum item                                           Apr 27, 2011 Apr 20, 2011 Apr 28, 2010
 
Marketable securities held in custody for foreign
   official and international accounts (1)                 3,435,649   +   17,097   +  374,553    3,447,017
  U.S. Treasury securities                                 2,675,185   +   14,085   +  401,760    2,685,761
  Federal agency securities (2)                              760,464   +    3,012   -   27,207      761,256
Securities lent to dealers                                    10,103   -   10,593   +    4,176       15,409
  Overnight facility (3)                                      10,103   -   10,593   +    4,176       15,409
    U.S. Treasury securities                                   9,306   -   10,356   +    4,763       14,528
    Federal agency debt securities                               797   -      237   -      587          881
 
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 and
   mortgage-backed securities at original face value.
2. Includes debt and mortgage-backed securities.
3. Fully collateralized by U.S. Treasury securities.

 
2. Maturity Distribution of Securities, Loans, and Selected Other Assets and Liabilities,     April 27, 2011
Millions of dollars
                                       Within 15    16 days to   91 days to  Over 1 year  Over 5 years    Over 10        All     
Remaining maturity                        days       90 days       1 year     to 5 years   to 10 years     years    
 
Loans (1)                                     23            2           29       16,745            0           ...       16,798
U.S. Treasury securities (2)
  Holdings                                18,384       18,956       82,281      591,168      513,052       189,625    1,413,467
  Weekly changes                      -    2,503   +    2,503   +        4   +       10   +    7,266    +    3,692   +   10,973
Federal agency debt securities (3)
  Holdings                                 1,068       11,082       19,465       67,475       24,749         2,347      126,186
  Weekly changes                      -    2,274            0   +      629   -      629            0             0   -    2,274
Mortgage-backed securities (4)
  Holdings                                     0            0            0           19           22       926,980      927,021
  Weekly changes                               0            0            0   -        1   -        1    -    6,200   -    6,201
Asset-backed securities held by
   TALF LLC (5)                                0            0            0            0            0             0            0
Repurchase agreements (6)                      0            0          ...          ...          ...           ...            0
Central bank liquidity swaps (7)               0            0            0            0            0             0            0

Reverse repurchase agreements (6)         57,031            0          ...          ...          ...           ...       57,031
Term deposits                              5,081            0            0          ...          ...           ...        5,081
 
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 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 asset-backed securities held by TALF LLC, which is the remaining principal balance of the underlying assets.
6. Cash value of agreements.
7. 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                                                                                                           Apr 27, 2011 
 
Mortgage-backed securities held outright (1)                                                                             927,021

Commitments to buy mortgage-backed securities (2)                                                                              0
Commitments to sell mortgage-backed securities (2)                                                                             0

Cash and cash equivalents (3)                                                                                                  0
 
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, dollar rolls,
   and coupon swaps.
3. This amount is included in other Federal Reserve assets in table 1 and in other assets in table 8 and table 9.

 
4. Information on Principal Accounts of Maiden Lane LLC
Millions of dollars
                                                                                                                        Wednesday   
Account name                                                                                                           Apr 27, 2011 
 
Net portfolio holdings of Maiden Lane LLC (1)                                                                             24,763

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                 22,130
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                         677
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3)                              1,337
 
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, 2011. 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 9.
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 8 and table 9.

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                                                                                                           Apr 27, 2011 
 
Net portfolio holdings of Maiden Lane II LLC (1)                                                                          16,541

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                 12,155
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                         504
Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc. (3)                    1,082
 
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, 2011. 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 9.
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
   8 and table 9.

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                                                                                                           Apr 27, 2011 
 
Net portfolio holdings of Maiden Lane III LLC (1)                                                                         24,563

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                 12,328
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                         599
Outstanding principal amount and accrued interest on loan payable to American International Group, Inc. (3)                5,422
 
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, 2011. 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 9.
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 8 and table 9.

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 TALF LLC
Millions of dollars
                                                                                                                        Wednesday   
Account name                                                                                                           Apr 27, 2011 
 
Asset-backed securities holdings (1)                                                                                           0
Other investments, net                                                                                                       733
Net portfolio holdings of TALF LLC                                                                                           733

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)                                        107
 
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 9.
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 8 and table 9.

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 $4.3 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.

 
8. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of dollars
                                                       Eliminations from  Wednesday         Change since       
                                                        consolidation   Apr 27, 2011   Wednesday    Wednesday  
Assets, liabilities, and capital                                                      Apr 20, 2011 Apr 28, 2010
 
Assets
  Gold certificate account                                                  11,037             0            0
  Special drawing rights certificate account                                 5,200             0            0
  Coin                                                                       2,217    +       13   +      103
  Securities, repurchase agreements, and loans                           2,483,472    +    1,677   +  363,065
    Securities held outright (1)                                         2,466,674    +    2,498   +  424,637
      U.S. Treasury securities                                           1,413,467    +   10,973   +  636,750
        Bills (2)                                                           18,423             0            0
        Notes and bonds, nominal (2)                                     1,330,040    +    9,239   +  617,782
        Notes and bonds, inflation-indexed (2)                              58,065    +    1,500   +   17,174
        Inflation compensation (3)                                           6,940    +      234   +    1,794
      Federal agency debt securities (2)                                   126,186    -    2,274   -   42,717
      Mortgage-backed securities (4)                                       927,021    -    6,201   -  169,395
    Repurchase agreements (5)                                                    0             0            0
    Loans                                                                   16,798    -      821   -   61,572
  Net portfolio holdings of Commercial Paper
     Funding Facility LLC (6)                                                    0             0   -    4,893
  Net portfolio holdings of Maiden Lane LLC (7)                             24,763    +      451   -    3,461
  Net portfolio holdings of Maiden Lane II LLC (8)                          16,541    +      669   +      481
  Net portfolio holdings of Maiden Lane III LLC (9)                         24,563    +    1,524   +      973
  Net portfolio holdings of TALF LLC (10)                                      733    +       15   +      294
  Preferred interests in AIA Aurora LLC and ALICO
     Holdings LLC (11)                                                           0             0   -   25,416
  Items in process of collection                            (148)              138    -       76   -       59
  Bank premises                                                              2,217    +        2   -       21
  Central bank liquidity swaps (12)                                              0             0            0
  Other assets (13)                                                        124,264    +      918   +   30,158

Total assets                                                (148)        2,695,144    +    5,192   +  361,222
 
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.

 
8. Consolidated Statement of Condition of All Federal Reserve Banks (continued)
Millions of dollars
                                                       Eliminations from  Wednesday         Change since       
                                                        consolidation   Apr 27, 2011   Wednesday    Wednesday  
Assets, liabilities, and capital                                                      Apr 20, 2011 Apr 28, 2010
 
Liabilities
  Federal Reserve notes, net of F.R. Bank holdings                         972,352    +    1,772   +   77,013
  Reverse repurchase agreements (14)                                        57,031    +      967   +    2,929
  Deposits                                                    (0)        1,589,079    -       98   +  277,669
    Term deposits held by depository institutions                            5,081             0   +    5,081
    Other deposits held by depository institutions                       1,452,188    -   13,132   +  403,383
    U.S. Treasury, general account                                         126,185    +   13,025   +   69,277
    U.S. Treasury, supplementary financing account                           5,000             0   -  194,959
    Foreign official                                                           192    +       67   -    5,201
    Other                                                     (0)              433    -       58   +       87
  Deferred availability cash items                          (148)            1,609    +       70   -      542
  Other liabilities and accrued dividends (15)                              22,503    +    2,467   +    7,078

Total liabilities                                           (148)        2,642,573    +    5,176   +  364,145

Capital accounts
  Capital paid in                                                           26,285    +        7   +       51
  Surplus                                                                   26,285    +        7   +      696
  Other capital accounts                                                         0             0   -    3,670

Total capital                                                               52,571    +       16   -    2,922
 
Note: Components may not sum to totals because of rounding.

1. Includes securities lent to dealers under the overnight securities lending facility; 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. Includes the book value of the commercial paper, net of amortized costs and related fees, and other
   investments held by the Commercial Paper Funding Facility LLC.
7. Refer to table 4 and the note on consolidation accompanying table 9.
8. Refer to table 5 and the note on consolidation accompanying table 9.
9.  Refer to table 6 and the note on consolidation accompanying table 9.
10. Refer to table 7 and the note on consolidation accompanying table 9.
11. As a result of the closing of the AIG recapitalization plan on January 14, 2011, the Federal Reserve Bank
    of New York has been paid in full for its	preferred interests in AIA Aurora LLC and ALICO Holdings LLC. A
    portion of the preferred interests was redeemed by AIG with the funds from AIG asset dispositions that were
    held as agent by the Federal Reserve.
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
    and the fair value adjustment to credit extended by the Federal Reserve Bank of New York (FRBNY) to
    eligible borrowers through the Term Asset-Backed Securities Loan Facility. Before the closing of the AIG
    recapitalization plan on January 14, 2011, included accrued dividends on the FRBNY's preferred interests in
    AIA Aurora LLC and ALICO Holdings LLC.
14. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt
    securities, and mortgage-backed securities.
15. Includes the liabilities of 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 7 and the note on consolidation
    accompanying table 9. Also includes the liability for interest on Federal Reserve notes due to U.S.
    Treasury. Before the closing of the AIG recapitalization plan on January 14, 2011, included funds from
    American International Group, Inc. asset dispositions, held as agent.


 
9. Statement of Condition of Each Federal Reserve Bank,     April 27, 2011
Millions of dollars
                                               Total      Boston     New York   Philadelphia Cleveland   Richmond     Atlanta     Chicago    St. Louis  Minneapolis   Kansas      Dallas        San    
Assets, liabilities, and capital                                                                                                                                       City                  Francisco 
 
Assets
  Gold certificate account                      11,037         390       3,866         432         450         872       1,394         854         319         197         318         728       1,217
  Special drawing rights certificate acct.       5,200         196       1,818         210         237         412         654         424         150          90         153         282         574
  Coin                                           2,217          56          86         167         165         363         179         342          33          63         164         226         372
  Securities, repurchase agreements,
     and loans                               2,483,472      60,647   1,163,883      84,499      66,633     284,876     183,379     146,492      46,692      37,913      65,620      97,557     245,284
    Securities held outright (1)             2,466,674      60,647   1,147,109      84,499      66,630     284,876     183,379     146,485      46,687      37,909      65,615      97,557     245,282
      U.S. Treasury securities               1,413,467      34,752     657,323      48,420      38,181     163,241     105,081      83,939      26,753      21,723      37,599      55,903     140,553
        Bills (2)                               18,423         453       8,567         631         498       2,128       1,370       1,094         349         283         490         729       1,832
        Notes and bonds (3)                  1,395,044      34,299     648,755      47,789      37,683     161,113     103,711      82,845      26,404      21,440      37,109      55,174     138,721
      Federal agency debt securities (2)       126,186       3,102      58,682       4,323       3,409      14,573       9,381       7,494       2,388       1,939       3,357       4,991      12,548
      Mortgage-backed securities (4)           927,021      22,792     431,105      31,756      25,041     107,062      68,917      55,052      17,546      14,247      24,659      36,664      92,182
    Repurchase agreements (5)                        0           0           0           0           0           0           0           0           0           0           0           0           0
    Loans                                       16,798           0      16,774           0           3           0           0           7           5           4           5           0           1
  Net portfolio holdings of Commercial
     Paper Funding Facility LLC (6)                  0           0           0           0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of Maiden
     Lane LLC (7)                               24,763           0      24,763           0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of Maiden
     Lane II LLC (8)                            16,541           0      16,541           0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of Maiden
     Lane III LLC (9)                           24,563           0      24,563           0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of TALF LLC (10)          733           0         733           0           0           0           0           0           0           0           0           0           0
  Preferred interests in AIA Aurora LLC
     and ALICO Holdings LLC (11)                     0           0           0           0           0           0           0           0           0           0           0           0           0
  Items in process of collection                   285           4           0         109         -58           6          50          18          12          95          17          18          15
  Bank premises                                  2,217         125         256          68         139         237         217         209         136         107         263         247         212
  Central bank liquidity swaps (12)                  0           0           0           0           0           0           0           0           0           0           0           0           0
  Other assets (13)                            124,264       3,354      52,878       5,953       4,649      16,813       8,799       6,448       2,092       2,357       2,844       4,279      13,798
  Interdistrict settlement account                   0   -   7,119   + 263,960   +   9,977   -   9,720   - 135,584   -  28,874   +   3,458   -  10,407   -  15,175   -  17,373   -   7,021   -  46,121

Total assets                                 2,695,292      57,652   1,553,347     101,416      62,493     167,996     165,799     158,244      39,027      25,646      52,005      96,316     215,351
 
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.

 
9. Statement of Condition of Each Federal Reserve Bank,     April 27, 2011 (continued)
Millions of dollars
                                               Total      Boston     New York   Philadelphia Cleveland   Richmond     Atlanta     Chicago    St. Louis  Minneapolis   Kansas      Dallas        San    
Assets, liabilities, and capital                                                                                                                                       City                  Francisco 
 
Liabilities
  Federal Reserve notes outstanding          1,129,543      43,129     387,437      47,323      48,721      89,996     140,775      87,738      31,748      19,562      32,221      75,099     125,795
    Less: Notes held by F.R. Banks             157,192       4,442      44,371       5,274       7,173      12,588      22,411      12,526       4,082       5,313       3,803      11,103      24,107
      Federal Reserve notes, net               972,352      38,688     343,066      42,048      41,548      77,408     118,364      75,212      27,666      14,249      28,419      63,996     101,688
  Reverse repurchase agreements (14)            57,031       1,402      26,522       1,954       1,541       6,586       4,240       3,387       1,079         876       1,517       2,256       5,671
  Deposits                                   1,589,079      15,418   1,150,853      52,154      14,926      72,024      39,449      77,697       9,578       8,106      21,240      28,853      98,780
    Term deposits held by depository
       institutions                              5,081          15       2,550       1,250          11         765           7         226          52          35          11          10         148
    Other deposits held by depository
       institutions                          1,452,188      15,399   1,016,696      50,900      14,911      71,115      39,440      77,444       9,526       8,070      21,228      28,842      98,617
    U.S. Treasury, general account             126,185           0     126,185           0           0           0           0           0           0           0           0           0           0
    U.S. Treasury, supplementary
       financing account                         5,000           0       5,000           0           0           0           0           0           0           0           0           0           0
    Foreign official                               192           1         164           4           3           8           2           1           0           1           0           1           6
    Other                                          433           3         257           0           1         136           0          25           0           0           1           0           9
  Deferred availability cash items               1,756          53           0         274         190          57          81          90          53         583          84          75         216
  Interest on Federal Reserve notes due
     to U.S. Treasury (15)                       3,644          42       2,773          63          50         192         109          90          29          26          41          60         170
  Other liabilities and accrued
     dividends (16)                             18,859         215      14,720         304         303         861         530         437         181         165         193         300         650

Total liabilities                            2,642,721      55,818   1,537,933      96,797      58,557     157,129     162,774     156,912      38,586      24,006      51,494      95,539     207,175

Capital
  Capital paid in                               26,285         917       7,707       2,309       1,968       5,433       1,512         666         220         820         255         389       4,088
  Surplus                                       26,285         917       7,707       2,309       1,968       5,433       1,512         666         220         820         255         389       4,088
  Other capital                                      0           0           0           0           0           0           0           0           0           0           0           0           0

Total liabilities and capital                2,695,292      57,652   1,553,347     101,416      62,493     167,996     165,799     158,244      39,027      25,646      52,005      96,316     215,351
 
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.

9. Statement of Condition of Each Federal Reserve Bank,     April 27, 2011 (continued)
1. Includes securities lent to dealers under the overnight securities lending facility; 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. Includes the book value of the commercial paper, net of amortized costs and related fees, and other investments held by the Commercial Paper Funding Facility LLC.
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 7 and the note on consolidation below.
11. As a result of the closing of the AIG recapitalization plan on January 14, 2011, the Federal Reserve Bank of New York has been paid in full for its preferred interests in AIA Aurora LLC and ALICO
    Holdings LLC. A portion of the preferred interests was redeemed by AIG with the funds from AIG asset dispositions that were held as agent by the Federal Reserve.
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 and the fair value adjustment to credit extended by the Federal Reserve Bank of New York
    (FRBNY) to eligible	borrowers through the Term Asset-Backed Securities Loan Facility. Before the closing of the AIG recapitalization plan on January 14, 2011, included accrued dividends on the
    FRBNY's preferred interests in AIA Aurora LLC and ALICO Holdings LLC.
14. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.
15. Represents the estimated weekly remittances to U.S Treasury as interest on Federal Reserve notes or, in those cases where the Reserve Bank's net earnings are not sufficient to equate surplus to
    capital paid-in, the deferred asset for interest on Federal Reserve notes. The amount of any deferred asset, which is presented as a negative amount in this line, represents the amount of the
    Federal Reserve Bank's earnings that must be retained before remittances to the U.S. Treasury resume. The amounts on this line are calculated in accordance with Board of Governors policy, which
    requires the Federal Reserve Banks to remit residual earnings to the U.S. Treasury as interest on Federal Reserve notes after providing for the costs of operations, payment of dividends, and the
    amount necessary to equate surplus with capital paid-in.
16. Includes the liabilities of 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 7 and the note on consolidation below. Before the closing of the AIG recapitalization plan on January 14,
    2011, included funds from American International Group, Inc. asset dispositions, held as agent.


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 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 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 8), 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 8).

 
10. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts
Millions of dollars
                                                                                            Wednesday   
Federal Reserve notes and collateral                                                       Apr 27, 2011 
 
Federal Reserve notes outstanding                                                          1,129,543
  Less: Notes held by F.R. Banks not subject to collateralization                            157,192
    Federal Reserve notes to be collateralized                                               972,352
Collateral held against Federal Reserve notes                                                972,352
  Gold certificate account                                                                    11,037
  Special drawing rights certificate account                                                   5,200
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   956,115
  Other assets pledged                                                                             0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                     2,466,674
  Less: Face value of securities under reverse repurchase agreements                          55,270
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged      2,411,404
 
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 securities lending facility; 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