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FEDERAL RESERVE statistical release
H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
June 2, 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 Jun 1, 2011
Federal Reserve Banks Jun 1, 2011 May 25, 2011 Jun 2, 2010
Reserve Bank credit 2,770,779 + 20,105 + 450,872 2,772,226
Securities held outright (1) 2,566,624 + 20,207 + 509,396 2,569,185
U.S. Treasury securities 1,529,675 + 25,087 + 752,769 1,532,236
Bills (2) 18,423 0 0 18,423
Notes and bonds, nominal (2) 1,441,983 + 24,658 + 729,960 1,443,828
Notes and bonds, inflation-indexed (2) 61,268 + 264 + 20,143 61,930
Inflation compensation (3) 8,001 + 164 + 2,667 8,056
Federal agency debt securities (2) 119,093 - 112 - 47,717 119,093
Mortgage-backed securities (4) 917,856 - 4,769 - 195,657 917,856
Repurchase agreements (5) 0 0 0 0
Loans 14,068 - 583 - 57,385 13,723
Primary credit 25 + 14 - 653 66
Secondary credit 3 + 3 - 297 9
Seasonal credit 26 + 4 - 13 32
Credit extended to American International
Group, Inc., net (6) 0 0 - 26,406 0
Term Asset-Backed Securities Loan Facility (7) 14,014 - 603 - 30,016 13,617
Other credit extensions 0 0 0 0
Net portfolio holdings of Commercial Paper
Funding Facility LLC (8) 0 0 - 1 0
Net portfolio holdings of Maiden Lane LLC (9) 24,489 + 62 - 3,849 24,531
Net portfolio holdings of Maiden Lane II LLC (10) 15,010 + 23 - 899 15,012
Net portfolio holdings of Maiden Lane III LLC (11) 24,381 + 6 + 994 24,386
Net portfolio holdings of TALF LLC (12) 746 + 2 + 268 746
Preferred interests in AIA Aurora LLC and ALICO
Holdings LLC (6) 0 0 - 25,416 0
Float -1,177 - 342 + 539 -1,823
Central bank liquidity swaps (13) 0 0 - 6,642 0
Other Federal Reserve assets (14) 126,638 + 731 + 33,866 126,465
Gold stock 11,041 0 0 11,041
Special drawing rights certificate account 5,200 0 0 5,200
Treasury currency outstanding (15) 43,902 + 14 + 812 43,902
Total factors supplying reserve funds 2,830,921 + 20,119 + 451,683 2,832,369
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 Jun 1, 2011
Federal Reserve Banks Jun 1, 2011 May 25, 2011 Jun 2, 2010
Currency in circulation (15) 1,023,967 + 6,201 + 80,748 1,025,868
Reverse repurchase agreements (16) 58,417 + 3,135 - 726 59,937
Foreign official and international accounts 58,417 + 3,135 - 726 59,937
Others 0 0 0 0
Treasury cash holdings 142 + 1 - 64 133
Deposits with F.R. Banks, other than reserve balances 74,131 - 18,190 - 163,973 82,053
Term deposits held by depository institutions 0 0 0 0
U.S. Treasury, general account 65,992 - 18,267 + 32,857 73,973
U.S. Treasury, supplementary financing account 5,000 0 - 194,958 5,000
Foreign official 201 + 74 - 1,784 133
Service-related 2,543 0 - 100 2,543
Required clearing balances 2,543 0 - 100 2,543
Adjustments to compensate for float 0 0 0 0
Other 395 + 4 + 12 405
Funds from American International Group, Inc. asset
dispositions, held as agent (6) 0 0 0 0
Other liabilities and capital (17) 74,385 + 597 + 2,925 73,789
Total factors, other than reserve balances,
absorbing reserve funds 1,231,043 - 8,254 - 81,089 1,241,780
Reserve balances with Federal Reserve Banks 1,599,878 + 28,373 + 532,772 1,590,589
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 Jun 1, 2011
Memorandum item Jun 1, 2011 May 25, 2011 Jun 2, 2010
Marketable securities held in custody for foreign
official and international accounts (1) 3,432,444 - 9,739 + 356,583 3,438,553
U.S. Treasury securities 2,688,653 - 10,184 + 420,961 2,695,279
Federal agency securities (2) 743,791 + 445 - 64,377 743,274
Securities lent to dealers 19,918 + 2,676 + 14,167 17,085
Overnight facility (3) 19,918 + 2,676 + 14,167 17,085
U.S. Treasury securities 18,869 + 2,645 + 14,802 16,198
Federal agency debt securities 1,049 + 31 - 635 887
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, June 1, 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) 75 32 495 13,122 0 ... 13,723
U.S. Treasury securities (2)
Holdings 16,005 10,983 95,392 676,155 539,335 194,367 1,532,236
Weekly changes - 5,391 - 3,867 + 5,805 + 21,070 - 6,695 + 1,988 + 12,909
Federal agency debt securities (3)
Holdings 728 8,589 16,524 68,156 22,749 2,347 119,093
Weekly changes + 728 - 728 0 0 0 0 0
Mortgage-backed securities (4)
Holdings 0 0 0 18 22 917,815 917,856
Weekly changes 0 0 0 0 0 0 0
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) 59,937 0 ... ... ... ... 59,937
Term deposits 0 0 0 ... ... ... 0
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 Jun 1, 2011
Mortgage-backed securities held outright (1) 917,856
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 Jun 1, 2011
Net portfolio holdings of Maiden Lane LLC (1) 24,531
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 21,719
Accrued interest payable to the Federal Reserve Bank of New York (2) 693
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3) 1,343
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 Jun 1, 2011
Net portfolio holdings of Maiden Lane II LLC (1) 15,012
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 10,542
Accrued interest payable to the Federal Reserve Bank of New York (2) 517
Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc. (3) 1,086
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 Jun 1, 2011
Net portfolio holdings of Maiden Lane III LLC (1) 24,386
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 11,985
Accrued interest payable to the Federal Reserve Bank of New York (2) 613
Outstanding principal amount and accrued interest on loan payable to American International Group, Inc. (3) 5,439
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 Jun 1, 2011
Asset-backed securities holdings (1) 0
Other investments, net 746
Net portfolio holdings of TALF LLC 746
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 Jun 1, 2011 Wednesday Wednesday
Assets, liabilities, and capital May 25, 2011 Jun 2, 2010
Assets
Gold certificate account 11,037 0 0
Special drawing rights certificate account 5,200 0 0
Coin 2,106 - 24 + 110
Securities, repurchase agreements, and loans 2,582,908 + 12,363 + 454,630
Securities held outright (1) 2,569,185 + 12,909 + 511,943
U.S. Treasury securities 1,532,236 + 12,909 + 755,323
Bills (2) 18,423 0 0
Notes and bonds, nominal (2) 1,443,828 + 11,819 + 731,805
Notes and bonds, inflation-indexed (2) 61,930 + 926 + 20,805
Inflation compensation (3) 8,056 + 164 + 2,714
Federal agency debt securities (2) 119,093 0 - 47,622
Mortgage-backed securities (4) 917,856 0 - 195,758
Repurchase agreements (5) 0 0 0
Loans 13,723 - 547 - 57,312
Net portfolio holdings of Commercial Paper
Funding Facility LLC (6) 0 0 - 1
Net portfolio holdings of Maiden Lane LLC (7) 24,531 + 56 - 3,836
Net portfolio holdings of Maiden Lane II LLC (8) 15,012 + 3 - 899
Net portfolio holdings of Maiden Lane III LLC (9) 24,386 + 7 + 985
Net portfolio holdings of TALF LLC (10) 746 0 + 268
Preferred interests in AIA Aurora LLC and ALICO
Holdings LLC (11) 0 0 - 25,416
Items in process of collection (232) 426 + 154 + 23
Bank premises 2,206 - 7 - 26
Central bank liquidity swaps (12) 0 0 - 6,642
Other assets (13) 124,257 + 1,161 + 33,940
Total assets (232) 2,792,815 + 13,712 + 453,137
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 Jun 1, 2011 Wednesday Wednesday
Assets, liabilities, and capital May 25, 2011 Jun 2, 2010
Liabilities
Federal Reserve notes, net of F.R. Bank holdings 984,201 + 5,041 + 80,474
Reverse repurchase agreements (14) 59,937 + 5,756 + 821
Deposits (0) 1,672,639 + 1,349 + 369,361
Term deposits held by depository institutions 0 0 0
Other deposits held by depository institutions 1,593,129 + 1,038 + 554,302
U.S. Treasury, general account 73,973 + 279 + 11,656
U.S. Treasury, supplementary financing account 5,000 0 - 194,958
Foreign official 133 + 7 - 1,691
Other (0) 405 + 25 + 54
Deferred availability cash items (232) 2,249 + 870 - 976
Other liabilities and accrued dividends (15) 21,101 + 666 + 5,726
Total liabilities (232) 2,740,127 + 13,682 + 455,406
Capital accounts
Capital paid in 26,344 + 15 - 62
Surplus 26,344 + 15 + 679
Other capital accounts 0 0 - 2,886
Total capital 52,688 + 30 - 2,269
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, June 1, 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 2,106 52 78 158 151 351 173 325 33 59 159 213 351
Securities, repurchase agreements,
and loans 2,582,908 63,167 1,208,398 88,044 69,399 296,715 191,003 152,594 48,633 39,492 68,376 101,611 255,476
Securities held outright (1) 2,569,185 63,167 1,194,781 88,010 69,399 296,715 191,000 152,572 48,627 39,484 68,342 101,611 255,476
U.S. Treasury securities 1,532,236 37,672 712,556 52,488 41,389 176,958 113,910 90,993 29,001 23,548 40,758 60,600 152,363
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) 1,513,814 37,219 703,988 51,857 40,891 174,830 112,541 89,898 28,652 23,265 40,268 59,871 150,531
Federal agency debt securities (2) 119,093 2,928 55,383 4,080 3,217 13,754 8,854 7,072 2,254 1,830 3,168 4,710 11,842
Mortgage-backed securities (4) 917,856 22,567 426,842 31,442 24,793 106,003 68,236 54,507 17,372 14,106 24,415 36,301 91,270
Repurchase agreements (5) 0 0 0 0 0 0 0 0 0 0 0 0 0
Loans 13,723 0 13,617 34 0 0 3 22 6 8 35 0 0
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) 24,531 0 24,531 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of Maiden
Lane II LLC (8) 15,012 0 15,012 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of Maiden
Lane III LLC (9) 24,386 0 24,386 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of TALF LLC (10) 746 0 746 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 658 33 0 163 211 12 1 51 17 32 23 21 94
Bank premises 2,206 123 254 68 138 237 218 207 136 106 262 246 211
Central bank liquidity swaps (12) 0 0 0 0 0 0 0 0 0 0 0 0 0
Other assets (13) 124,257 3,346 52,876 5,980 4,631 16,815 8,805 6,457 2,083 2,356 2,842 4,276 13,790
Interdistrict settlement account 0 - 2,804 + 238,229 + 10,148 - 4,333 - 95,646 - 34,351 - 4,923 - 10,183 - 18,211 - 16,444 - 7,043 - 54,438
Total assets 2,793,047 64,503 1,570,195 105,203 70,883 219,769 167,897 155,989 41,187 24,121 55,689 100,335 217,276
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, June 1, 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 1,136,344 43,303 387,245 47,358 52,930 90,568 140,196 89,646 32,608 19,479 32,069 75,048 125,895
Less: Notes held by F.R. Banks 152,144 4,506 41,709 5,353 7,508 12,107 21,929 12,475 4,038 5,421 3,269 10,793 23,034
Federal Reserve notes, net 984,201 38,797 345,536 42,005 45,422 78,461 118,267 77,170 28,570 14,057 28,800 64,254 102,860
Reverse repurchase agreements (14) 59,937 1,474 27,873 2,053 1,619 6,922 4,456 3,559 1,134 921 1,594 2,371 5,960
Deposits 1,672,639 21,992 1,165,592 55,599 19,232 122,248 41,313 73,216 10,715 6,870 24,419 32,432 99,013
Term deposits held by depository
institutions 0 0 0 0 0 0 0 0 0 0 0 0 0
Other deposits held by depository
institutions 1,593,129 21,989 1,086,263 55,595 19,229 122,102 41,311 73,214 10,714 6,869 24,417 32,431 98,997
U.S. Treasury, general account 73,973 0 73,973 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 133 1 104 4 3 8 2 1 0 1 0 1 6
Other 405 2 252 0 0 137 0 1 1 0 1 0 10
Deferred availability cash items 2,481 135 1 476 278 109 160 168 104 429 121 135 364
Interest on Federal Reserve notes due
to U.S. Treasury (15) 1,999 53 853 90 72 291 152 101 34 38 43 70 202
Other liabilities and accrued
dividends (16) 19,102 218 14,905 318 311 874 530 443 185 165 191 294 670
Total liabilities 2,740,359 62,668 1,554,760 100,541 66,934 208,905 164,877 154,658 40,742 22,481 55,168 99,555 209,069
Capital
Capital paid in 26,344 918 7,717 2,331 1,975 5,432 1,510 665 222 820 260 390 4,104
Surplus 26,344 918 7,717 2,331 1,975 5,432 1,510 665 222 820 260 390 4,104
Other capital 0 0 0 0 0 0 0 0 0 0 0 0 0
Total liabilities and capital 2,793,047 64,503 1,570,195 105,203 70,883 219,769 167,897 155,989 41,187 24,121 55,689 100,335 217,276
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, June 1, 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 Jun 1, 2011
Federal Reserve notes outstanding 1,136,344
Less: Notes held by F.R. Banks not subject to collateralization 152,144
Federal Reserve notes to be collateralized 984,201
Collateral held against Federal Reserve notes 984,201
Gold certificate account 11,037
Special drawing rights certificate account 5,200
U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 967,964
Other assets pledged 0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 2,569,185
Less: Face value of securities under reverse repurchase agreements 54,908
U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 2,514,277
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.
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