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Release Date: August 25, 2011
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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
                                                                                              August 25, 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   Aug 24, 2011
Federal Reserve Banks                                     Aug 24, 2011 Aug 17, 2011 Aug 25, 2010
 
Reserve Bank credit                                        2,842,528   -    5,702   +  548,355    2,843,324
  Securities held outright (1)                             2,650,233   -    1,852   +  599,073    2,650,561
    U.S. Treasury securities                               1,647,856   +    2,709   +  865,027    1,648,435
      Bills (2)                                               18,423            0            0       18,423
      Notes and bonds, nominal (2)                         1,554,087   +    2,728   +  836,230    1,554,672
      Notes and bonds, inflation-indexed (2)                  65,948            0   +   24,819       65,948
      Inflation compensation (3)                               9,399   -       18   +    3,978        9,392
    Federal agency debt securities (2)                       109,902   -    1,772   -   47,005      109,776
    Mortgage-backed securities (4)                           892,475   -    2,789   -  218,949      892,350
  Repurchase agreements (5)                                        0            0            0            0
  Loans                                                       11,761   -      143   -   46,118       11,702
    Primary credit                                                 1   -        5   -       27            0
    Secondary credit                                               0            0   -        1            0
    Seasonal credit                                              100   +        2   +        7          107
    Credit extended to American International
       Group, Inc., net (6)                                        0            0   -   20,090            0
    Term Asset-Backed Securities Loan Facility (7)            11,660   -      141   -   26,007       11,595
    Other credit extensions                                        0            0            0            0
  Net portfolio holdings of Commercial Paper
     Funding Facility LLC (8)                                      0            0            0            0
  Net portfolio holdings of Maiden Lane LLC (9)               18,178   -        9   -   10,804       18,202
  Net portfolio holdings of Maiden Lane II LLC (10)           10,069   +        4   -    5,907       10,071
  Net portfolio holdings of Maiden Lane III LLC (11)          21,316   -       35   -    2,009       21,320
  Net portfolio holdings of TALF LLC (12)                        774   +        7   +      204          775
  Preferred interests in AIA Aurora LLC and ALICO
     Holdings LLC (6)                                              0            0   -   25,733            0
  Float                                                         -945   +      137   +      727       -1,131
  Central bank liquidity swaps (13)                              500   +      300   +      461          500
  Other Federal Reserve assets (14)                          130,642   -    4,111   +   38,461      131,322
Gold stock                                                    11,041            0            0       11,041
Special drawing rights certificate account                     5,200            0            0        5,200
Treasury currency outstanding (15)                            44,078   +       14   +      745       44,078

Total factors supplying reserve funds                      2,902,847   -    5,688   +  549,101    2,903,642
 
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   Aug 24, 2011
Federal Reserve Banks                                     Aug 24, 2011 Aug 17, 2011 Aug 25, 2010
 
Currency in circulation (15)                               1,032,536   -      969   +   86,244    1,033,360
Reverse repurchase agreements (16)                            96,511   -    3,429   +   36,078       99,519
  Foreign official and international accounts                 96,226   -    3,705   +   35,793       99,519
  Others                                                         286   +      277   +      286            0
Treasury cash holdings                                           116   +        3   -      105          131
Deposits with F.R. Banks, other than reserve balances         96,301   +   13,424   -  129,235       92,170
  Term deposits held by depository institutions                5,088            0   +    2,969        5,088
  U.S. Treasury, general account                              20,782   +      610   +    1,959       10,896
  U.S. Treasury, supplementary financing account                   0            0   -  199,954            0
  Foreign official                                             4,192   -      991   +    2,501        5,228
  Service-related                                              2,484   -        2   +       26        2,484
    Required clearing balances                                 2,484   -        2   +       26        2,484
    Adjustments to compensate for float                            0            0            0            0
  Other                                                       63,755   +   13,807   +   63,264       68,475
Funds from American International Group, Inc. asset
   dispositions, held as agent (6)                                 0            0            0            0
Other liabilities and capital (17)                            71,606   +      791   -      437       70,897

Total factors, other than reserve balances,
   absorbing reserve funds                                 1,297,071   +    9,822   -    7,454    1,296,077

Reserve balances with Federal Reserve Banks                1,605,776   -   15,510   +  556,555    1,607,566
 
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   Aug 24, 2011
Memorandum item                                           Aug 24, 2011 Aug 17, 2011 Aug 25, 2010
 
Marketable securities held in custody for foreign
   official and international accounts (1)                 3,491,090   +   12,467   +  293,890    3,483,601
  U.S. Treasury securities                                 2,756,947   +   12,666   +  381,155    2,749,019
  Federal agency securities (2)                              734,143   -      200   -   87,265      734,581
Securities lent to dealers                                    12,766   -    1,707   +    7,359       10,878
  Overnight facility (3)                                      12,766   -    1,707   +    7,359       10,878
    U.S. Treasury securities                                  12,154   -    1,653   +    8,143       10,252
    Federal agency debt securities                               612   -       54   -      785          626
 
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,    August 24, 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)                                     95           12        2,319        9,276            0           ...       11,702
U.S. Treasury securities (2)
  Holdings                                19,400       15,382      125,265      709,654      581,599       197,136    1,648,435
  Weekly changes                      +    3,867   -    3,867   -        1   -        3   +    5,508    -    4,701   +      802
Federal agency debt securities (3)
  Holdings                                     0        2,972       19,594       64,718       20,145         2,347      109,776
  Weekly changes                      -      884   +      693   +    1,198   -    1,891            0             0   -      884
Mortgage-backed securities (4)
  Holdings                                     0            0            0           15           23       892,312      892,350
  Weekly changes                               0            0            0            0            0    -      219   -      219
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)             500            0            0            0            0             0          500

Reverse repurchase agreements (6)         99,519            0          ...          ...          ...           ...       99,519
Term deposits                              5,088            0            0          ...          ...           ...        5,088
 
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                                                                                                           Aug 24, 2011 
 
Mortgage-backed securities held outright (1)                                                                             892,350

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                                                                                                           Aug 24, 2011 
 
Net portfolio holdings of Maiden Lane LLC (1)                                                                             18,202

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                 15,061
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                         727
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3)                              1,360
 
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
        June 30, 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                                                                                                           Aug 24, 2011 
 
Net portfolio holdings of Maiden Lane II LLC (1)                                                                          10,071

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                  6,808
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                         538
Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc. (3)                    1,094
 
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
        June 30, 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                                                                                                           Aug 24, 2011 
 
Net portfolio holdings of Maiden Lane III LLC (1)                                                                         21,320

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                 10,536
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                         646
Outstanding principal amount and accrued interest on loan payable to American International Group, Inc. (3)                5,479
 
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
        June 30, 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                                                                                                           Aug 24, 2011 
 
Asset-backed securities holdings (1)                                                                                           0
Other investments, net                                                                                                       775
Net portfolio holdings of TALF LLC                                                                                           775

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)                                        108
 
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   Aug 24, 2011   Wednesday    Wednesday  
Assets, liabilities, and capital                                                      Aug 17, 2011 Aug 25, 2010
 
Assets
  Gold certificate account                                                  11,037             0            0
  Special drawing rights certificate account                                 5,200             0            0
  Coin                                                                       2,202    +       13   +      133
  Securities, repurchase agreements, and loans                           2,662,263    -      502   +  561,713
    Securities held outright (1)                                         2,650,561    -      301   +  606,394
      U.S. Treasury securities                                           1,648,435    +      802   +  863,937
        Bills (2)                                                           18,423             0            0
        Notes and bonds, nominal (2)                                     1,554,672    +      820   +  835,142
        Notes and bonds, inflation-indexed (2)                              65,948             0   +   24,819
        Inflation compensation (3)                                           9,392    -       18   +    3,975
      Federal agency debt securities (2)                                   109,776    -      884   -   46,726
      Mortgage-backed securities (4)                                       892,350    -      219   -  210,817
    Repurchase agreements (5)                                                    0             0            0
    Loans                                                                   11,702    -      201   -   44,681
  Net portfolio holdings of Commercial Paper
     Funding Facility LLC (6)                                                    0             0            0
  Net portfolio holdings of Maiden Lane LLC (7)                             18,202    +       28   -   10,788
  Net portfolio holdings of Maiden Lane II LLC (8)                          10,071    +        3   -    5,959
  Net portfolio holdings of Maiden Lane III LLC (9)                         21,320    +        5   -    2,007
  Net portfolio holdings of TALF LLC (10)                                      775    +        8   +      200
  Preferred interests in AIA Aurora LLC and ALICO
     Holdings LLC (11)                                                           0             0   -   25,733
  Items in process of collection                            (109)              267    +       45   -       52
  Bank premises                                                              2,199             0   -       30
  Central bank liquidity swaps (12)                                            500    +      300   +      461
  Other assets (13)                                                        129,117    +    1,558   +   40,839

Total assets                                                (109)        2,863,155    +    1,460   +  558,779
 
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   Aug 24, 2011   Wednesday    Wednesday  
Assets, liabilities, and capital                                                      Aug 17, 2011 Aug 25, 2010
 
Liabilities
  Federal Reserve notes, net of F.R. Bank holdings                         991,611    -      771   +   85,334
  Reverse repurchase agreements (14)                                        99,519    +    3,608   +   38,404
  Deposits                                                    (0)        1,699,730    -    1,456   +  436,083
    Term deposits held by depository institutions                            5,088             0   +    2,969
    Other deposits held by depository institutions                       1,610,044    -   37,113   +  556,702
    U.S. Treasury, general account                                          10,896    +    1,991   +    5,007
    U.S. Treasury, supplementary financing account                               0             0   -  199,954
    Foreign official                                                         5,228    +      102   +    3,318
    Other                                                     (0)           68,475    +   33,565   +   68,042
  Deferred availability cash items                          (109)            1,398    +       54   -      587
  Other liabilities and accrued dividends (15)                              19,067    +       11   +    4,027

Total liabilities                                           (109)        2,811,325    +    1,447   +  563,260

Capital accounts
  Capital paid in                                                           25,915    +        6   -      807
  Surplus                                                                   25,915    +        6   +       70
  Other capital accounts                                                         0             0   -    3,743

Total capital                                                               51,830    +       13   -    4,481
 
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,    August 24, 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                                           2,202          51          72         163         162         365         198         333          41          57         166         228         365
  Securities, repurchase agreements,
     and loans                               2,662,263      65,168   1,244,220      90,798      71,597     306,113     197,060     157,414      50,202      40,772      70,522     104,830     263,568
    Securities held outright (1)             2,650,561      65,168   1,232,625      90,798      71,597     306,113     197,050     157,405      50,167      40,735      70,506     104,830     263,568
      U.S. Treasury securities               1,648,435      40,529     766,593      56,469      44,528     190,377     122,549      97,893      31,200      25,334      43,849      65,196     163,918
        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)                  1,630,013      40,076     758,026      55,838      44,030     188,250     121,179      96,799      30,851      25,051      43,359      64,467     162,086
      Federal agency debt securities (2)       109,776       2,699      51,051       3,760       2,965      12,678       8,161       6,519       2,078       1,687       2,920       4,342      10,916
      Mortgage-backed securities (4)           892,350      21,940     414,981      30,568      24,104     103,057      66,340      52,993      16,890      13,714      23,737      35,293      88,734
    Repurchase agreements (5)                        0           0           0           0           0           0           0           0           0           0           0           0           0
    Loans                                       11,702           0      11,595           0           0           0          10          10          35          37          16           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)                               18,202           0      18,202           0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of Maiden
     Lane II LLC (8)                            10,071           0      10,071           0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of Maiden
     Lane III LLC (9)                           21,320           0      21,320           0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of TALF LLC (10)          775           0         775           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                   376          24           0          51         113           5          28          44           9          16          10          26          49
  Bank premises                                  2,199         123         255          67         137         236         214         207         135         106         261         247         212
  Central bank liquidity swaps (12)                500          17         145          48          37         103          29          13           4          15           5           8          77
  Other assets (13)                            129,117       3,473      55,010       6,186       4,792      17,450       9,152       6,719       2,162       2,442       2,959       4,456      14,316
  Interdistrict settlement account                   0   -   1,007   + 231,159   -   2,543   +   4,823   - 124,235   -  33,475   -   9,084   -   9,501   -  18,968   -  19,213   +      60   -  18,016

Total assets                                 2,863,264      68,436   1,586,914      95,413      82,349     201,320     175,254     156,923      43,521      24,728      55,180     110,866     262,362
 
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,    August 24, 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          1,156,484      43,211     386,489      46,564      55,275      95,740     143,289      90,713      34,017      19,303      32,100      75,246     134,539
    Less: Notes held by F.R. Banks             164,873       5,556      44,368       6,474       7,897      12,556      24,008      13,419       4,525       5,550       3,522      11,165      25,833
      Federal Reserve notes, net               991,611      37,655     342,121      40,090      47,378      83,184     119,280      77,294      29,492      13,753      28,578      64,081     108,706
  Reverse repurchase agreements (14)            99,519       2,447      46,281       3,409       2,688      11,493       7,398       5,910       1,884       1,529       2,647       3,936       9,896
  Deposits                                   1,699,730      26,142   1,168,439      46,692      27,800      94,548      44,937      71,625      11,437       8,718      23,142      41,647     134,603
    Term deposits held by depository
       institutions                              5,088          20       1,485         805           0       1,765           0          22          75          40           6          30         840
    Other deposits held by depository
       institutions                          1,610,044      26,102   1,082,607      45,884      27,796      92,644      44,935      71,574      11,321       8,676      23,134      41,617     133,754
    U.S. Treasury, general account              10,896           0      10,896           0           0           0           0           0           0           0           0           0           0
    U.S. Treasury, supplementary
       financing account                             0           0           0           0           0           0           0           0           0           0           0           0           0
    Foreign official                             5,228           1       5,199           4           3           8           2           1           0           1           0           1           6
    Other                                       68,475          18      68,252           0           1         130           0          28          41           0           1           0           3
  Deferred availability cash items               1,507          69           0         203         214          59          89         112          49         341          72          68         232
  Interest on Federal Reserve notes due
     to U.S. Treasury (15)                       1,359          33         641          37          33         156         107          84          27          21          40          58         122
  Other liabilities and accrued
     dividends (16)                             17,709         205      13,911         273         273         760         489         412         181         146         183         291         585

Total liabilities                            2,811,434      66,550   1,571,392      90,704      78,385     190,200     172,300     155,437      43,070      24,508      54,662     110,082     254,143

Capital
  Capital paid in                               25,915         943       7,761       2,354       1,982       5,560       1,477         743         225         110         259         392       4,109
  Surplus                                       25,915         943       7,761       2,354       1,982       5,560       1,477         743         225         110         259         392       4,109
  Other capital                                      0           0           0           0           0           0           0           0           0           0           0           0           0

Total liabilities and capital                2,863,264      68,436   1,586,914      95,413      82,349     201,320     175,254     156,923      43,521      24,728      55,180     110,866     262,362
 
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,    August 24, 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                                                       Aug 24, 2011 
 
Federal Reserve notes outstanding                                                          1,156,484
  Less: Notes held by F.R. Banks not subject to collateralization                            164,873
    Federal Reserve notes to be collateralized                                               991,611
Collateral held against Federal Reserve notes                                                991,611
  Gold certificate account                                                                    11,037
  Special drawing rights certificate account                                                   5,200
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   975,374
  Other assets pledged                                                                             0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                     2,650,561
  Less: Face value of securities under reverse repurchase agreements                          86,607
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged      2,563,954
 
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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