Skip to Content
Release Date: January 29, 2009
Release dates | Historical data
Current release Other formats:
Screen reader |
ASCII |
PDF
(21 KB)
For release at
4:30 p.m. EST
January 29, 2009
The Board's H.4.1 statistical release, "Factors Affecting Reserve Balances of
Depository Institutions and Condition Statement of Federal Reserve Banks," has
been modified to present information separately on liquidity-related operations
conducted under reciprocal currency arrangements with other central banks
(central bank liquidity swaps). This release also reflects valuations as of
December 31, 2008, of the portfolio holdings of Maiden Lane LLC, Maiden Lane II
LLC, and Maiden Lane III LLC, as described below.
Central Bank Liquidity Swaps
Each swap arrangement involves two transactions. When a foreign central bank
draws on (obtains funding under) the swap line, it sells a certain amount of
its currency to the Federal Reserve at the prevailing market exchange rate in
exchange for dollars. This market rate becomes the swap exchange rate. At the
same time, the Federal Reserve and the foreign central bank enter into a
binding agreement for a second transaction in which the foreign central bank is
obligated to repurchase the foreign currency at a specified future date. The
second transaction is done at the swap exchange rate -- that is, the same
exchange rate as in the first transaction. The release shows the outstanding
dollar value of central bank liquidity swaps in tables 1, 8, and 9. This value
equals the sum of the dollar value of the outstanding swap drawings, which are
valued at their respective swap exchange rates. The maturity distribution of
these swaps is reported in table 2.
Previously, foreign currency acquired under central bank liquidity swaps,
revalued daily at current market exchange rates, was included in "Other Federal
Reserve assets" in table 1 and in "Other assets" in tables 8 and 9. In
addition, each day, an exchange translation account recognized that the foreign
currency would be repurchased by the foreign central bank at the swap exchange
rate, which generally would differ from that day's market exchange rate. If
that day's foreign exchange value of the dollar were above the swap exchange
rate, then the dollar value of the foreign currency holdings would understate
the value of the dollars that would be booked at the maturity of the swap
drawing. In this case, the exchange translation amount would be booked as an
asset in "Other Federal Reserve assets" in table 1 and "Other assets" in
tables 8 and 9. Alternatively, if that day's foreign exchange value of the
dollar were below the swap exchange rate, then that day's value of the foreign
currency holdings would overstate the value of the dollars that would be
received at the maturity of the swap drawing. In this case, the exchange
translation amount would be booked as a liability in "Other liabilities and
capital" in table 1 and as a liability in "Other liabilities and accrued
dividends" in tables 8 and 9. The dollar value of central bank liquidity swaps
valued at the swap exchange rates combines the exchange translation account and
the value of the swaps at current market exchange rates so exchange translation
amounts are no longer included in the asset and liability categories referenced
above.
The Federal Reserve's current program of temporary liquidity swaps was
initiated on December 12, 2007, when the Federal Open Market Committee
authorized swap lines with the European Central Bank and the Swiss National
Bank. The program has since expanded to include additional central banks.
Historical data on the current program of central bank liquidity swaps will be
available in the historical data tables accompanying this release at
www.federalreserve.gov/releases/h41/hist/.
Portfolio Valuations
The weekly average value of net portfolio holdings of Maiden Lane LLC, Maiden
Lane II LLC, and Maiden Lane III LLC shown in table 1 reflect holdings from
Thursday, January 22, 2009 through Wednesday, January 28, 2009. The holdings
for the first six days of this reporting week are based on the values as of the
previous valuation dates. The holdings for the final day of the reporting week
were based on values as of December 31, 2008, the quarterly revaluation date.
The fair value of the net portfolio holdings is updated quarterly.
1
FEDERAL RESERVE statistical release
H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
January 29, 2009
1. Factors Affecting Reserve Balances of Depository Institutions
Millions of dollars
Reserve Bank credit, related items, and Averages of daily figures
reserve balances of depository institutions at Week ended Change from week ended Wednesday
Federal Reserve Banks Jan 28, 2009 Jan 21, 2009 Jan 30, 2008 Jan 28, 2009
Reserve Bank credit 1,989,877 - 51,461 +1,125,557 1,910,672
Securities held outright 508,693 + 3,370 - 209,657 510,871
U.S. Treasury securities (1) 475,200 - 181 - 243,150 475,129
Bills (2) 18,423 0 - 186,937 18,423
Notes and bonds, nominal (2) 412,914 0 - 58,070 412,914
Notes and bonds, inflation-indexed (2) 39,378 0 + 1,915 39,378
Inflation compensation (3) 4,486 - 181 - 58 4,415
Federal agency debt securities (2) 26,668 + 2,510 + 26,668 28,365
Mortgage-backed securities (4) 6,824 + 1,040 + 6,824 7,377
Repurchase agreements (5) 17,143 - 20,000 - 12,250 0
Term auction credit 415,859 - 172 + 365,859 415,631
Other loans 150,009 + 1,711 + 149,981 154,790
Primary credit 64,990 + 3,372 + 64,965 68,288
Secondary credit 34 - 40 + 34 1
Seasonal credit 1 0 - 1 1
Primary dealer and other broker-dealer credit (6) 32,054 - 625 + 32,054 32,196
Asset-backed Commercial Paper Money Market
Mutual Fund Liquidity Facility 14,593 - 889 + 14,593 15,967
Credit extended to American International
Group, Inc. (7) 38,336 - 109 + 38,336 38,339
Other credit extensions 0 0 0 0
Net portfolio holdings of Commercial Paper
Funding Facility LLC (8) 316,201 - 33,739 + 316,201 248,091
Net portfolio holdings of LLCs funded through
the Money Market Investor Funding Facility (9) 0 0 0 0
Net portfolio holdings of Maiden Lane LLC (10) 26,980 - 151 + 26,980 25,772
Net portfolio holdings of Maiden Lane II LLC (11) 19,692 - 110 + 19,692 18,964
Net portfolio holdings of Maiden Lane III LLC (12) 27,037 + 91 + 27,037 27,456
Float -2,017 - 469 - 868 -1,542
Central bank liquidity swaps (13) 465,853 - 2,672 + 441,853 465,672
Other Federal Reserve assets (14) 44,428 + 680 + 730 44,967
Gold stock 11,041 0 0 11,041
Special drawing rights certificate account 2,200 0 0 2,200
Treasury currency outstanding (15) 38,786 + 14 + 106 38,786
Total factors supplying reserve funds 2,041,904 - 51,447 +1,125,663 1,962,699
Note: Components may not sum to totals because of rounding. Footnotes appear on the following page.
1. Factors Affecting Reserve Balances of Depository Institutions, continued
Millions of dollars
Reserve Bank credit, related items, and Averages of daily figures
reserve balances of depository institutions at Week ended Change from week ended Wednesday
Federal Reserve Banks Jan 28, 2009 Jan 21, 2009 Jan 30, 2008 Jan 28, 2009
Currency in circulation (15) 884,160 + 1,847 + 74,474 885,432
Reverse repurchase agreements (16) 73,131 - 3,123 + 33,650 72,214
Foreign official and international accounts 73,131 - 3,123 + 33,650 72,214
Dealers 0 0 0 0
Treasury cash holdings 287 + 13 - 15 297
Deposits with F.R. Banks, other than reserve balances 238,443 - 2,891 + 226,692 219,470
U.S. Treasury, general account 55,539 + 20,029 + 50,889 38,717
U.S. Treasury, supplementary financing account 174,840 - 24,907 + 174,840 174,840
Foreign official 168 - 23 + 67 108
Service-related 4,401 0 - 2,269 4,401
Required clearing balances 4,401 0 - 2,269 4,401
Adjustments to compensate for float 0 0 0 0
Other 3,495 + 2,010 + 3,165 1,403
Other liabilities and capital (17) 50,429 + 471 + 7,857 49,260
Total factors, other than reserve balances,
absorbing reserve funds 1,246,450 - 3,682 + 342,657 1,226,671
Reserve balances with Federal Reserve Banks 795,454 - 47,765 + 783,005 736,028
Note: Components may not sum to totals because of rounding.
1. Includes securities lent to dealers under the overnight and term securities lending facilities; refer
to table 1A.
2. Face value of the securities.
3. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed
securities.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is
the remaining principal balance of the underlying mortgages.
5. Cash value of agreements.
6. Includes credit extended through the Primary Dealer Credit Facility and credit extended to certain
other broker-dealers.
7. Excludes credit extended to consolidated LLCs.
8. Refer to table 6 and the note on consolidation accompanying table 9.
9. Refer to table 7 and the note on consolidation accompanying table 9.
10. Refer to table 3 and the note on consolidation accompanying table 9.
11. Refer to table 4 and the note on consolidation accompanying table 9.
12. Refer to table 5 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.
15. Estimated.
16. Cash value of agreements, which are collateralized by U.S. Treasury securities.
17. Includes the liabilities of Commercial Paper Funding Facility LLC, the LLCs funded through the Money Market
Investor Funding Facility, Maiden Lane LLC, Maiden Lane II LLC, and Maiden Lane III LLC to entities other
than the Federal Reserve Bank of New York, including liabilities that have recourse only to the portfolio
holdings of these LLCs. Refer to table 3 through table 7 and the note on consolidation accompanying table 9.
Sources: Federal Reserve Banks and the U.S. Department of the Treasury.
1A. Memorandum Items
Millions of dollars
Averages of daily figures
Memorandum item Week ended Change from week ended Wednesday
Jan 28, 2009 Jan 21, 2009 Jan 30, 2008 Jan 28, 2009
Marketable securities held in custody for foreign
official and international accounts (1) 2,548,270 + 6,971 + 437,915 2,548,089
U.S. Treasury securities 1,736,999 + 1,948 + 480,718 1,730,282
Federal agency securities (2) 811,270 + 5,022 - 42,803 817,807
Securities lent to dealers 132,453 - 8,349 + 120,944 130,831
Overnight facility (3) 7,359 - 343 - 4,150 6,451
Term facility (4) 125,094 - 8,006 + 125,094 124,380
Note: Components may not sum to totals because of rounding.
1. Face value of the securities. Includes U.S. Treasury STRIPS, other zero-coupon bonds, and mortgage-backed
securities at face value.
2. Includes debt and mortgage-backed securities.
3. Fully collateralized by U.S. Treasury securities.
4. Fully collateralized by U.S. Treasury securities, federal agency securities, and other highly rated debt
securities.
2. Maturity Distribution of Term Auction Credit, Other Loans, and Securities, January 28, 2009
Millions of dollars
Remaining maturity Within 15 16 days to 91 days to Over 1 year Over 5 years Over 10 All
days 90 days 1 year to 5 years to 10 years years
Term auction credit 246,446 169,185 --- --- --- --- 415,631
Other loans (1) 98,552 17,596 303 38,339 --- --- 154,790
U.S. Treasury securities (2)
Holdings 17,612 18,933 66,649 173,087 97,338 101,510 475,129
Weekly changes + 2,156 - 2,157 - 6 - 60 - 45 - 81 - 193
Federal agency debt securities (3)
Holdings 150 2,638 1,044 19,024 5,509 0 28,365
Weekly changes - 493 0 0 + 4,700 0 0 + 4,207
Mortgage-backed securities (4)
Holdings 0 0 0 0 0 7,377 7,377
Weekly changes 0 0 0 0 0 + 1,386 + 1,386
Commercial paper held by
Commercial Paper Funding
Facility LLC (5) 78,132 169,446 0 --- --- --- 247,578
Money market instruments held by
LLCs funded through the Money
Market Investor Funding
Facility (6) 0 0 0 --- --- --- 0
Repurchase agreements (7) 0 0 --- --- --- --- 0
Central bank liquidity swaps (8) 258,510 207,162 0 0 0 0 465,672
Reverse repurchase agreements (7) 72,214 0 --- --- --- --- 72,214
Note: Components may not sum to totals because of rounding.
--- Not applicable.
1. Excludes the loans from the Federal Reserve Bank of New York (FRBNY) to Commercial Paper Funding Facility LLC, the
LLCs funded through the Money Market Investor Funding Facility, Maiden Lane LLC, Maiden Lane II LLC, and Maiden
Lane III LLC. The loans were eliminated when preparing the FRBNY's statement of condition consistent with
consolidation under generally accepted accounting principles.
2. Face value. For inflation-indexed securities, includes the original face value and compensation that adjusts for
the effect of inflation on the original face value of such securities.
3. Face value.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining
principal balance of the underlying mortgages.
5. Face value of commercial paper held by Commercial Paper Funding Facility LLC.
6. Face value of money market instruments held by LLCs funded through the Money Market Investor Funding Facility.
7. Cash value of agreements.
8. Dollar value of foreign currency held under these arrangements 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. Information on Principal Accounts of Maiden Lane LLC
Millions of dollars
Wednesday
Account name Jan 28, 2009
Net portfolio holdings of Maiden Lane LLC (1) 25,772
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 28,820
Accrued interest payable to the Federal Reserve Bank of New York (2) 279
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3) 1,192
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 December 31, 2008. 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.
4. Information on Principal Accounts of Maiden Lane II LLC
Millions of dollars
Wednesday
Account name Jan 28, 2009
Net portfolio holdings of Maiden Lane II LLC (1) 18,964
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 19,169
Accrued interest payable to the Federal Reserve Bank of New York (2) 49
Deferred payment and accrued interest payable to subsidiaries of American International
Group, Inc. (3) 1,005
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 December 31, 2008. 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.
5. Information on Principal Accounts of Maiden Lane III LLC
Millions of dollars
Wednesday
Account name Jan 28, 2009
Net portfolio holdings of Maiden Lane III LLC (1) 27,456
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 24,339
Accrued interest payable to the Federal Reserve Bank of New York (2) 73
Outstanding principal amount and accrued interest on loan payable to American International
Group, Inc. (3) 5,036
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 December 31, 2008. 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.
6. Information on Principal Accounts of Commercial Paper Funding Facility LLC
Millions of dollars
Wednesday
Account name Jan 28, 2009
Commercial paper holdings, net (1) 246,173
Other investments, net 1,918
Net portfolio holdings of Commercial Paper Funding Facility LLC 248,091
Memorandum: Commercial paper holdings, face value 247,578
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 246,187
Accrued interest payable to the Federal Reserve Bank of New York (2) 275
1. Book value, which includes amortized cost and related fees.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of
condition consistent with consolidation under generally accepted accounting principles. Refer to the
note on consolidation accompanying table 9.
Note: On October 27, 2008, the Federal Reserve Bank of New York began extending loans under the authority of
section 13(3) of the Federal Reserve Act to Commercial Paper Funding Facility LLC. This LLC is a limited
liability company formed to purchase three-month U.S. dollar-denominated commercial paper from eligible issuers
and thereby foster liquidity in short-term funding markets and increase the availability of credit for
businesses and households.
7. Information on Principal Accounts of LLCs Funded through the Money Market Investor Funding Facility
Millions of dollars
Wednesday
Account name Jan 28, 2009
Money market instrument holdings, net (1) 0
Other investments, net 0
Net portfolio holdings of LLCs funded through the Money Market Investor Funding Facility 0
Memorandum: Money market instrument holdings, face value 0
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 0
Accrued interest payable to the Federal Reserve Bank of New York (2) 0
Commercial paper issued by LLCs funded through the Money Market Investor Funding Facility,
net of related discounts 0
1. Book value, which includes amortized cost.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of
condition consistent with consolidation under generally accepted accounting principles. Refer to the note
on consolidation accompanying table 9.
Note: The Federal Reserve Board authorized the Federal Reserve Bank of New York to extend credit under the
authority of section 13(3) of the Federal Reserve Act to a series of limited liability companies funded through
the Money Market Investor Funding Facility (MMIFF). The MMIFF became operational on November 24, 2008. These
limited liability companies were established to purchase short-term U.S. dollar-denominated certificates of
deposit, bank notes, and outstanding asset-backed commercial paper from eligible issuers. Such purchases are
designed to foster liquidity in short-term money markets.
8. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of dollars
Eliminations Change since
from Wednesday Wednesday Wednesday
Assets, liabilities, and capital consolidation Jan 28, 2009 Jan 21, 2009 Jan 30, 2008
Assets
Gold certificate account 11,037 0 0
Special drawing rights certificate account 2,200 0 0
Coin 1,856 + 67 + 487
Securities, repurchase agreements, term auction
credit, and other loans 1,081,292 - 9,533 + 262,875
Securities held outright 510,871 + 5,401 - 207,500
U.S. Treasury securities (1) 475,129 - 193 - 243,242
Bills (2) 18,423 0 - 186,937
Notes and bonds, nominal (2) 412,914 0 - 58,070
Notes and bonds, inflation-indexed (2) 39,378 0 + 1,915
Inflation compensation (3) 4,415 - 193 - 149
Federal agency debt securities (2) 28,365 + 4,207 + 28,365
Mortgage-backed securities (4) 7,377 + 1,386 + 7,377
Repurchase agreements (5) 0 - 20,000 - 50,000
Term auction credit 415,631 - 400 + 365,631
Other loans 154,790 + 5,466 + 154,744
Net portfolio holdings of Commercial Paper
Funding Facility LLC (6) 248,091 - 102,433 + 248,091
Net portfolio holdings of LLCs funded through
the Money Market Investor Funding Facility (7) 0 0 0
Net portfolio holdings of Maiden Lane LLC (8) 25,772 - 1,409 + 25,772
Net portfolio holdings of Maiden Lane II LLC (9) 18,964 - 849 + 18,964
Net portfolio holdings of
Maiden Lane III LLC (10) 27,456 + 489 + 27,456
Items in process of collection (355) 1,268 - 295 - 457
Bank premises 2,183 - 1 + 43
Central bank liquidity swaps (11) 465,672 + 2,876 + 441,672
Other assets (12) 42,758 + 1,050 + 801
Total assets (355) 1,928,549 - 110,038 +1,025,703
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 Change since
from Wednesday Wednesday Wednesday
Assets, liabilities, and capital consolidation Jan 28, 2009 Jan 21, 2009 Jan 30, 2008
Liabilities
Federal Reserve notes, net of F.R. Bank holdings 848,795 + 597 + 74,513
Reverse repurchase agreements (13) 72,214 - 2,811 + 32,729
Deposits (0) 955,471 - 105,325 + 911,473
Depository institutions 740,403 - 67,896 + 701,906
U.S. Treasury, general account 38,717 - 7,988 + 33,635
U.S. Treasury, supplementary financing account 174,840 - 24,907 + 174,840
Foreign official 108 - 79 + 9
Other (0) 1,403 - 4,454 + 1,083
Deferred availability cash items (355) 2,810 - 1,464 - 37
Other liabilities and accrued dividends (14) 8,550 + 17 + 4,213
Total liabilities (355) 1,887,840 - 108,987 +1,022,891
Capital accounts
Capital paid in 21,571 + 57 + 3,099
Surplus 18,977 - 436 + 497
Other capital accounts 161 - 673 - 784
Total capital 40,710 - 1,050 + 2,813
Note: Components may not sum to totals because of rounding.
1. Includes securities lent to dealers under the overnight and term securities lending facilities; refer
to table 1A.
2. Face value of the securities.
3. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed
securities.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is
the remaining principal balance of the underlying mortgages.
5. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.
6. Refer to table 6 and the note on consolidation accompanying table 9.
7. Refer to table 7 and the note on consolidation accompanying table 9.
8. Refer to table 3 and the note on consolidation accompanying table 9.
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. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when
the foreign currency is returned to the foreign central bank. This exchange rate equals the market
exchange rate used when the foreign currency was acquired from the foreign central bank.
12. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates.
13. Cash value of agreements, which are collateralized by U.S. Treasury securities.
14. Includes the liabilities of Commercial Paper Funding Facility LLC, the LLCs funded through the Money Market
Investor Funding Facility, Maiden Lane LLC, Maiden Lane II LLC, and Maiden Lane III LLC to entities other
than the Federal Reserve Bank of New York, including liabilities that have recourse only to the portfolio
holdings of these LLCs. Refer to table 3 through table 7 and the note on consolidation accompanying table 9.
9. Statement of Condition of Each Federal Reserve Bank, January 28, 2009
Millions of dollars
Kansas San
Assets, liabilities, and capital Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas Francisco
Assets
Gold certificate account 11,037 424 3,935 453 423 891 1,221 913 344 199 349 636 1,249
Special drawing rights certificate acct. 2,200 115 874 83 104 147 166 212 71 30 66 98 234
Coin 1,856 63 85 150 149 253 237 210 50 60 127 195 279
Securities, repurchase agreements, term
auction credit, and other loans 1,081,292 50,356 518,930 64,338 29,953 125,188 65,097 52,874 21,180 15,674 22,650 27,089 87,963
Securities held outright 510,871 21,428 181,765 22,305 19,372 46,325 50,831 45,089 17,654 9,645 18,758 21,191 56,508
U.S. Treasury securities (1) 475,129 19,929 169,048 20,745 18,017 43,084 47,275 41,935 16,419 8,970 17,446 19,709 52,555
Bills (2) 18,423 773 6,555 804 699 1,671 1,833 1,626 637 348 676 764 2,038
Notes and bonds (3) 456,707 19,156 162,493 19,940 17,318 41,413 45,442 40,309 15,782 8,622 16,769 18,945 50,517
Federal agency debt securities (2) 28,365 1,190 10,092 1,238 1,076 2,572 2,822 2,503 980 535 1,042 1,177 3,137
Mortgage-backed securities (4) 7,377 309 2,625 322 280 669 734 651 255 139 271 306 816
Repurchase agreements (5) 0 0 0 0 0 0 0 0 0 0 0 0 0
Term auction credit 415,631 12,650 207,683 41,750 10,552 78,208 13,896 5,219 3,038 5,700 2,685 4,708 29,543
Other loans 154,790 16,278 129,482 283 29 655 371 2,566 488 330 1,207 1,190 1,912
Net portfolio holdings of Commercial
Paper Funding Facility LLC (6) 248,091 0 248,091 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of LLCs funded
through the Money Market Investor
Funding Facility (7) 0 0 0 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of Maiden Lane
LLC (8) 25,772 0 25,772 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of Maiden
Lane II LLC (9) 18,964 0 18,964 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of Maiden
Lane III LLC (10) 27,456 0 27,456 0 0 0 0 0 0 0 0 0 0
Items in process of collection 1,623 32 0 248 109 36 617 219 14 80 25 120 123
Bank premises 2,183 123 210 65 147 228 225 207 131 112 273 250 213
Central bank liquidity swaps (11) 465,672 27,178 107,501 46,959 33,434 129,378 36,792 21,191 4,660 9,181 5,026 9,412 34,960
Other assets (12) 42,758 2,244 12,513 3,303 2,433 8,526 3,648 2,575 845 822 901 1,229 3,720
Interdistrict settlement account 0 - 27,085 + 61,122 - 60,037 + 14,811 - 105,196 + 27,157 + 28,637 + 6,951 - 7,295 + 9,837 + 8,063 + 43,036
Total assets 1,928,904 53,450 1,025,452 55,562 81,563 159,451 135,161 107,037 34,244 18,862 39,254 47,091 171,776
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, January 28, 2009 (continued)
Millions of dollars
Kansas San
Assets, liabilities, and capital Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas Francisco
Liabilities
Federal Reserve notes outstanding 1,028,677 37,990 360,353 41,070 46,220 80,522 131,363 83,734 29,193 17,505 29,696 58,790 112,241
Less: Notes held by F.R. Banks 179,882 6,058 45,731 5,745 8,056 12,814 26,376 14,539 3,782 3,101 3,768 21,136 28,777
Federal Reserve notes, net 848,795 31,933 314,622 35,326 38,163 67,708 104,987 69,196 25,411 14,404 25,928 37,654 83,464
Reverse repurchase agreements (13) 72,214 3,029 25,693 3,153 2,738 6,548 7,185 6,374 2,495 1,363 2,652 2,995 7,988
Deposits 955,471 16,482 669,465 11,649 36,976 72,624 19,139 29,296 5,723 2,087 9,989 5,431 76,610
Depository institutions 740,403 16,464 454,584 11,645 36,971 72,488 19,135 29,293 5,715 2,086 9,988 5,427 76,607
U.S. Treasury, general account 38,717 0 38,717 0 0 0 0 0 0 0 0 0 0
U.S. Treasury, supplementary
financing account 174,840 0 174,840 0 0 0 0 0 0 0 0 0 0
Foreign official 108 2 78 4 3 11 3 2 0 1 0 1 3
Other 1,403 16 1,246 0 2 126 0 1 7 0 1 3 0
Deferred availability cash items 3,165 79 0 609 400 205 244 439 43 242 140 284 480
Other liabilities and accrued
dividends (14) 8,550 153 6,093 172 185 440 356 298 148 103 119 177 307
Total liabilities 1,888,195 51,675 1,015,873 50,908 78,463 147,526 131,910 105,603 33,821 18,198 38,828 46,541 168,848
Capital
Capital paid in 21,571 903 6,030 2,315 1,552 5,981 1,612 705 210 335 209 272 1,448
Surplus 18,977 844 3,548 2,315 1,548 5,944 1,612 704 210 324 208 271 1,449
Other capital 161 27 0 24 0 0 27 25 4 5 10 8 31
Total liabilities and capital 1,928,904 53,450 1,025,452 55,562 81,563 159,451 135,161 107,037 34,244 18,862 39,254 47,091 171,776
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, January 28, 2009 (continued)
1. Includes securities lent to dealers under the overnight and term securities lending facilities; refer to table 1A.
2. Face value of the securities.
3. Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face value of such securities.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the underlying mortgages.
5. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.
6. Refer to table 6 and the note on consolidation below.
7. Refer to table 7 and the note on consolidation below.
8. Refer to table 3 and the note on consolidation below.
9. Refer to table 4 and the note on consolidation below.
10. Refer to table 5 and the note on consolidation below.
11. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This
exchange rate equals the market exchange rate used when the foreign currency was acquired from the foreign central bank.
12. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates.
13. Cash value of agreements, which are collateralized by U.S. Treasury securities.
14. Includes the liabilities of Commercial Paper Funding Facility LLC, the LLCs funded through the Money Market Investor Funding Facility, Maiden Lane LLC, Maiden Lane II LLC, and Maiden
Lane III LLCto 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 3 through
table 7 and the note on consolidation below.
Note on consolidation:
The Federal Reserve Bank of New York (FRBNY) has extended loans to several limited liability companies under the authority of section 13(3) of the Federal Reserve Act. On June 26, 2008,
a loan was extended to Maiden Lane LLC, which was formed to acquire certain assets of Bear Stearns. On October 27, 2008, the FRBNY began extending loans to Commercial Paper Funding
Facility LLC, which was formed to purchase three-month U.S. dollar-denominated commercial paper from eligible issuers. On October 21, 2008, the Federal Reserve Board authorized the FRBNY
to extend credit to a series of LLCs funded through the Money Market Investor Funding Facility. These LLCs, which became operational on November 24, 2008, were established to purchase
short-term U.S. dollar-denominated certificates of deposit, bank notes, and commercial paper from eligible issuers. On November 25, 2008, a loan was extended to Maiden Lane III LLC,
which was formed to purchase multi-sector collateralized debt obligations on which the Financial Products group of the American International Group, Inc. has written credit default swap
contracts. On December 12, 2008, a loan was extended to Maiden Lane II LLC, which was formed to purchase residential mortgage-backed securities from the U.S. securities lending
reinvestment portfolio of subsidiaries of American International Group, Inc.
The FRBNY is the sole beneficiary of Commercial Paper Funding Facility LLC and the primary beneficiary of the other LLCs cited above. Consistent with generally accepted accounting principles,
the assets and liabilities of these LLCs have been consolidated with the assets and liabilities of the FRBNY in the preparation of the statements of condition shown on this release. As a
consequence of the consolidation, the extensions of credit from the FRBNY to the LLCs are eliminated, the net assets of the LLCs appear as assets on the previous page (and in table 1 and
table 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
Federal Reserve notes and collateral Wednesday
Jan 28, 2009
Federal Reserve notes outstanding 1,028,677
Less: Notes held by F.R. Banks not subject to collateralization 179,882
Federal Reserve notes to be collateralized 848,795
Collateral held against Federal Reserve notes 848,795
Gold certificate account 11,037
Special drawing rights certificate account 2,200
U.S. Treasury, agency debt, and mortgage-backed securities pledged (1) 445,864
Other assets pledged 389,694
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1) 510,871
Less: Face value of securities under reverse repurchase agreements 65,007
U.S. Treasury, agency debt, and mortgage-backed securities
eligible to be pledged 445,864
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.
Release dates | Historical data
Current release Other formats:
Screen reader |
ASCII |
PDF
(21 KB)
Statistical releases