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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
February 12, 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 Feb 11, 2009 Feb 4, 2009 Feb 13, 2008 Feb 11, 2009
Reserve Bank credit 1,830,406 - 10,340 + 971,755 1,826,618
Securities held outright 514,118 + 2,678 - 199,254 514,396
U.S. Treasury securities (1) 474,910 - 124 - 238,462 474,869
Bills (2) 18,423 0 - 181,937 18,423
Notes and bonds, nominal (2) 412,914 0 - 57,096 412,914
Notes and bonds, inflation-indexed (2) 39,378 0 + 941 39,378
Inflation compensation (3) 4,197 - 123 - 368 4,155
Federal agency debt securities (2) 31,831 + 2,802 + 31,831 32,150
Mortgage-backed securities (4) 7,377 0 + 7,377 7,377
Repurchase agreements (5) 0 0 - 18,357 0
Term auction credit 412,883 0 + 352,883 412,883
Other loans 143,206 - 10,486 + 143,148 142,851
Primary credit 64,574 - 2,852 + 64,517 65,189
Secondary credit 35 + 30 + 35 2
Seasonal credit 4 + 2 + 3 4
Primary dealer and other broker-dealer credit (6) 25,805 - 4,459 + 25,805 26,122
Asset-backed Commercial Paper Money Market
Mutual Fund Liquidity Facility 15,111 - 1,870 + 15,111 14,185
Credit extended to American International
Group, Inc. (7) 37,677 - 1,336 + 37,677 37,350
Other credit extensions 0 0 0 0
Net portfolio holdings of Commercial Paper
Funding Facility LLC (8) 256,153 - 3,162 + 256,153 251,206
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) 25,863 + 78 + 25,863 25,877
Net portfolio holdings of Maiden Lane II LLC (11) 18,674 - 291 + 18,674 18,630
Net portfolio holdings of Maiden Lane III LLC (12) 27,528 + 64 + 27,528 27,634
Float -2,308 - 512 - 1,281 -2,542
Central bank liquidity swaps (13) 389,671 + 880 + 365,671 390,829
Other Federal Reserve assets (14) 44,617 + 408 + 726 44,854
Gold stock 11,041 0 0 11,041
Special drawing rights certificate account 2,200 0 0 2,200
Treasury currency outstanding (15) 38,758 + 14 + 78 38,758
Total factors supplying reserve funds 1,882,405 - 10,326 + 971,833 1,878,617
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 Feb 11, 2009 Feb 4, 2009 Feb 13, 2008 Feb 11, 2009
Currency in circulation (15) 889,602 + 4,055 + 75,828 892,585
Reverse repurchase agreements (16) 70,247 - 5,788 + 33,841 73,284
Foreign official and international accounts 70,247 - 5,788 + 33,841 73,284
Dealers 0 0 0 0
Treasury cash holdings 273 - 20 - 2 269
Deposits with F.R. Banks, other than reserve balances 269,116 + 49,255 + 256,579 266,695
U.S. Treasury, general account 36,506 - 5,411 + 31,190 20,266
U.S. Treasury, supplementary financing account 199,950 + 29,988 + 199,950 199,950
Foreign official 2,019 + 1,856 + 1,922 2,728
Service-related 4,432 + 1 - 2,379 4,432
Required clearing balances 4,432 + 1 - 2,379 4,432
Adjustments to compensate for float 0 0 0 0
Other 26,209 + 22,820 + 25,896 39,319
Other liabilities and capital (17) 49,774 + 667 + 7,791 50,077
Total factors, other than reserve balances,
absorbing reserve funds 1,279,011 + 48,167 + 374,036 1,282,911
Reserve balances with Federal Reserve Banks 603,394 - 58,493 + 597,797 595,705
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
Feb 11, 2009 Feb 4, 2009 Feb 13, 2008 Feb 11, 2009
Marketable securities held in custody for foreign
official and international accounts (1) 2,560,849 + 6,194 + 447,941 2,561,543
U.S. Treasury securities 1,742,951 + 8,353 + 476,271 1,744,290
Federal agency securities (2) 817,898 - 2,160 - 28,331 817,253
Securities lent to dealers 123,366 - 3,628 + 113,616 120,388
Overnight facility (3) 6,593 + 229 - 3,157 4,008
Term facility (4) 116,773 - 3,857 + 116,773 116,380
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, February 11, 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 173,878 239,005 --- --- --- --- 412,883
Other loans (1) 84,734 20,464 303 37,350 --- --- 142,851
U.S. Treasury securities (2)
Holdings 19,416 17,935 64,785 174,054 97,278 101,401 474,869
Weekly changes + 3,867 - 3,867 - 4 - 35 - 26 - 47 - 113
Federal agency debt securities (3)
Holdings 990 1,648 1,857 21,433 6,222 0 32,150
Weekly changes + 640 - 640 + 813 + 1,422 0 0 + 2,235
Mortgage-backed securities (4)
Holdings 0 0 0 0 0 7,377 7,377
Weekly changes 0 0 0 0 0 0 0
Commercial paper held by
Commercial Paper Funding
Facility LLC (5) 34,160 216,387 0 --- --- --- 250,547
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) 261,075 129,754 0 0 0 0 390,829
Reverse repurchase agreements (7) 73,284 0 --- --- --- --- 73,284
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 Feb 11, 2009
Net portfolio holdings of Maiden Lane LLC (1) 25,877
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) 284
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3) 1,195
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 Feb 11, 2009
Net portfolio holdings of Maiden Lane II LLC (1) 18,630
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 18,825
Accrued interest payable to the Federal Reserve Bank of New York (2) 60
Deferred payment and accrued interest payable to subsidiaries of American International
Group, Inc. (3) 1,006
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 Feb 11, 2009
Net portfolio holdings of Maiden Lane III LLC (1) 27,634
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) 86
Outstanding principal amount and accrued interest on loan payable to American International
Group, Inc. (3) 5,042
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 Feb 11, 2009
Commercial paper holdings, net (1) 248,951
Other investments, net 2,255
Net portfolio holdings of Commercial Paper Funding Facility LLC 251,206
Memorandum: Commercial paper holdings, face value 250,547
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 249,190
Accrued interest payable to the Federal Reserve Bank of New York (2) 138
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 Feb 11, 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 Feb 11, 2009 Feb 4, 2009 Feb 13, 2008
Assets
Gold certificate account 11,037 0 0
Special drawing rights certificate account 2,200 0 0
Coin 1,909 - 6 + 529
Securities, repurchase agreements, term auction
credit, and other loans 1,070,130 - 4,056 + 268,722
Securities held outright 514,396 + 2,122 - 198,973
U.S. Treasury securities (1) 474,869 - 113 - 238,500
Bills (2) 18,423 0 - 181,937
Notes and bonds, nominal (2) 412,914 0 - 57,096
Notes and bonds, inflation-indexed (2) 39,378 0 + 941
Inflation compensation (3) 4,155 - 113 - 408
Federal agency debt securities (2) 32,150 + 2,235 + 32,150
Mortgage-backed securities (4) 7,377 0 + 7,377
Repurchase agreements (5) 0 0 - 28,000
Term auction credit 412,883 0 + 352,883
Other loans 142,851 - 6,179 + 142,812
Net portfolio holdings of Commercial Paper
Funding Facility LLC (6) 251,206 - 7,458 + 251,206
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) 25,877 + 17 + 25,877
Net portfolio holdings of Maiden Lane II LLC (9) 18,630 - 338 + 18,630
Net portfolio holdings of
Maiden Lane III LLC (10) 27,634 + 124 + 27,634
Items in process of collection (340) 631 - 268 - 745
Bank premises 2,185 + 5 + 53
Central bank liquidity swaps (11) 390,829 + 3,381 + 366,829
Other assets (12) 42,589 + 555 + 615
Total assets (340) 1,844,857 - 8,044 + 959,351
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 Feb 11, 2009 Feb 4, 2009 Feb 13, 2008
Liabilities
Federal Reserve notes, net of F.R. Bank holdings 856,001 + 3,703 + 77,064
Reverse repurchase agreements (13) 73,284 - 967 + 34,694
Deposits (0) 862,321 - 11,166 + 838,917
Depository institutions 600,057 - 46,939 + 582,033
U.S. Treasury, general account 20,266 - 27,442 + 15,287
U.S. Treasury, supplementary financing account 199,950 + 29,988 + 199,950
Foreign official 2,728 + 2,624 + 2,632
Other (0) 39,319 + 30,602 + 39,014
Deferred availability cash items (340) 3,173 - 197 + 365
Other liabilities and accrued dividends (14) 8,695 + 161 + 4,311
Total liabilities (340) 1,803,474 - 8,466 + 955,351
Capital accounts
Capital paid in 21,709 + 15 + 3,223
Surplus 19,539 + 333 + 1,091
Other capital accounts 134 + 72 - 315
Total capital 41,382 + 420 + 3,999
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, February 11, 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 1,909 62 83 157 155 262 244 216 50 62 132 199 286
Securities, repurchase agreements, term
auction credit, and other loans 1,070,130 50,876 513,135 61,403 27,944 112,738 67,392 53,674 22,968 15,718 21,805 28,977 93,500
Securities held outright 514,396 21,576 183,019 22,459 19,506 46,645 51,182 45,400 17,776 9,711 18,887 21,338 56,898
U.S. Treasury securities (1) 474,869 19,918 168,955 20,733 18,007 43,060 47,249 41,912 16,410 8,965 17,436 19,698 52,526
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) 456,446 19,145 162,401 19,929 17,308 41,390 45,416 40,286 15,773 8,617 16,760 18,934 50,488
Federal agency debt securities (2) 32,150 1,348 11,439 1,404 1,219 2,915 3,199 2,838 1,111 607 1,180 1,334 3,556
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 412,883 14,805 208,557 38,805 8,406 65,321 15,946 6,319 4,830 5,697 2,870 6,533 34,794
Other loans 142,851 14,495 121,559 139 33 772 265 1,954 363 309 48 1,107 1,808
Net portfolio holdings of Commercial
Paper Funding Facility LLC (6) 251,206 0 251,206 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) 25,877 0 25,877 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of Maiden
Lane II LLC (9) 18,630 0 18,630 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of Maiden
Lane III LLC (10) 27,634 0 27,634 0 0 0 0 0 0 0 0 0 0
Items in process of collection 970 39 0 183 118 33 69 218 12 64 39 76 118
Bank premises 2,185 123 210 65 147 230 224 207 133 112 273 249 212
Central bank liquidity swaps (11) 390,829 15,539 106,129 42,609 28,567 110,066 29,663 12,947 3,859 5,970 3,827 4,987 26,665
Other assets (12) 42,589 1,794 12,996 3,467 2,485 8,651 3,664 2,336 875 728 901 1,074 3,618
Interdistrict settlement account 0 - 13,607 + 15,328 - 53,730 + 29,000 - 116,604 + 35,489 + 27,675 + 7,199 - 3,801 + 12,108 + 19,092 + 41,850
Total assets 1,845,196 55,365 976,037 54,690 88,943 116,414 138,134 98,398 35,512 19,081 39,500 55,390 167,732
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, February 11, 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 1,033,349 37,849 361,148 41,092 46,090 80,417 133,460 83,602 29,119 17,467 29,643 61,689 111,773
Less: Notes held by F.R. Banks 177,347 5,906 47,129 5,623 7,335 12,383 28,198 13,934 3,436 3,208 3,695 18,991 27,510
Federal Reserve notes, net 856,001 31,943 314,019 35,469 38,755 68,034 105,262 69,668 25,683 14,260 25,948 42,698 84,264
Reverse repurchase agreements (13) 73,284 3,074 26,074 3,200 2,779 6,645 7,292 6,468 2,532 1,384 2,691 3,040 8,106
Deposits 862,321 18,321 619,467 10,652 43,674 29,199 21,762 20,054 6,654 2,330 10,150 8,659 71,399
Depository institutions 600,057 18,318 357,351 10,647 43,670 29,079 21,758 20,053 6,652 2,330 10,148 8,658 71,394
U.S. Treasury, general account 20,266 0 20,266 0 0 0 0 0 0 0 0 0 0
U.S. Treasury, supplementary
financing account 199,950 0 199,950 0 0 0 0 0 0 0 0 0 0
Foreign official 2,728 2 2,699 4 3 11 3 1 0 1 0 1 3
Other 39,319 2 39,201 0 1 108 0 0 2 0 1 1 2
Deferred availability cash items 3,512 92 0 574 469 215 239 452 54 336 166 270 645
Other liabilities and accrued
dividends (14) 8,695 153 6,252 177 179 445 335 291 154 107 120 170 311
Total liabilities 1,803,814 53,583 965,813 50,071 85,855 104,538 134,890 96,934 35,079 18,417 39,074 54,838 164,723
Capital
Capital paid in 21,709 903 6,038 2,315 1,552 5,984 1,612 729 216 335 212 271 1,541
Surplus 19,539 844 4,186 2,304 1,536 5,892 1,612 704 210 324 208 271 1,449
Other capital 134 35 0 0 0 0 20 32 8 5 7 10 19
Total liabilities and capital 1,845,196 55,365 976,037 54,690 88,943 116,414 138,134 98,398 35,512 19,081 39,500 55,390 167,732
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, February 11, 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
Feb 11, 2009
Federal Reserve notes outstanding 1,033,349
Less: Notes held by F.R. Banks not subject to collateralization 177,347
Federal Reserve notes to be collateralized 856,001
Collateral held against Federal Reserve notes 856,001
Gold certificate account 11,037
Special drawing rights certificate account 2,200
U.S. Treasury, agency debt, and mortgage-backed securities pledged (1) 447,412
Other assets pledged 395,352
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1) 514,396
Less: Face value of securities under reverse repurchase agreements 66,984
U.S. Treasury, agency debt, and mortgage-backed securities
eligible to be pledged 447,412
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.
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