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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
May 14, 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 May 13, 2009 May 6, 2009 May 14, 2008 May 13, 2009
Reserve Bank credit 2,116,487 + 75,111 +1,249,397 2,179,377
Securities held outright 1,025,649 + 36,147 + 505,595 1,081,591
U.S. Treasury securities (1) 569,426 + 15,338 + 49,372 577,091
Bills (2) 18,423 0 - 32,044 18,423
Notes and bonds, nominal (2) 505,114 + 15,313 + 79,725 512,770
Notes and bonds, inflation-indexed (2) 41,253 0 + 2,082 41,253
Inflation compensation (3) 4,636 + 25 - 392 4,645
Federal agency debt securities (2) 72,109 + 2,530 + 72,109 72,955
Mortgage-backed securities (4) 384,115 + 18,280 + 384,115 431,545
Repurchase agreements (5) 0 0 - 95,821 0
Term auction credit 428,835 + 25,262 + 303,835 428,835
Other loans 123,957 + 19,819 + 92,912 132,049
Primary credit 39,872 - 1,069 + 25,456 41,803
Secondary credit 0 - 6 - 1 0
Seasonal credit 9 + 5 - 28 11
Primary dealer and other broker-dealer credit (6) 482 - 161 - 16,110 0
Asset-Backed Commercial Paper Money Market
Mutual Fund Liquidity Facility 28,781 + 18,111 + 28,781 28,616
Credit extended to American International
Group, Inc. (7) 45,702 + 206 + 45,702 45,704
Term Asset-Backed Securities Loan Facility 9,110 + 2,731 + 9,110 15,915
Other credit extensions 0 0 0 0
Net portfolio holdings of Commercial Paper
Funding Facility LLC (8) 166,926 + 2,186 + 166,926 163,209
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) 25,675 - 709 + 25,675 25,693
Net portfolio holdings of Maiden Lane II LLC (11) 16,144 - 1,872 + 16,144 16,150
Net portfolio holdings of Maiden Lane III LLC (12) 20,231 - 6,185 + 20,231 20,305
Float -2,120 + 132 - 909 -2,992
Central bank liquidity swaps (13) 246,500 - 2,802 + 194,500 246,838
Other Federal Reserve assets (14) 64,689 + 3,133 + 20,308 67,699
Gold stock 11,041 0 0 11,041
Special drawing rights certificate account 2,200 0 0 2,200
Treasury currency outstanding (15) 42,345 + 14 + 3,582 42,345
Total factors supplying reserve funds 2,172,073 + 75,125 +1,252,979 2,234,964
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
reserve balances of depository institutions at Week ended Change from week ended Wednesday
Federal Reserve Banks May 13, 2009 May 6, 2009 May 14, 2008 May 13, 2009
Currency in circulation (15) 904,814 + 964 + 89,054 905,709
Reverse repurchase agreements (16) 68,019 + 1,694 + 28,968 70,894
Foreign official and international accounts 68,019 + 1,694 + 28,968 70,894
Dealers 0 0 0 0
Treasury cash holdings 290 - 18 + 35 291
Deposits with F.R. Banks, other than reserve balances 292,307 - 1,823 + 280,171 281,308
U.S. Treasury, general account 76,059 - 11,024 + 71,402 57,167
U.S. Treasury, supplementary financing account 199,933 + 4 + 199,933 199,933
Foreign official 1,942 + 278 + 1,844 2,547
Service-related 4,339 - 4 - 2,705 4,340
Required clearing balances 4,339 - 4 - 2,704 4,340
Adjustments to compensate for float 0 0 - 1 0
Other 10,034 + 8,924 + 9,698 17,322
Other liabilities and capital (17) 48,344 - 6,890 + 4,033 49,373
Total factors, other than reserve balances,
absorbing reserve funds 1,313,773 - 6,074 + 402,260 1,307,577
Reserve balances with Federal Reserve Banks 858,300 + 81,199 + 850,719 927,387
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 7 and the note on consolidation accompanying table 10.
9. Refer to table 8 and the note on consolidation accompanying table 10.
10. Refer to table 4 and the note on consolidation accompanying table 10.
11. Refer to table 5 and the note on consolidation accompanying table 10.
12. Refer to table 6 and the note on consolidation accompanying table 10.
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 4 through table 8 and the note on consolidation accompanying table 10.
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
May 13, 2009 May 6, 2009 May 14, 2008 May 13, 2009
Marketable securities held in custody for foreign
official and international accounts (1) 2,683,641 + 23,485 + 404,967 2,696,945
U.S. Treasury securities 1,867,416 + 18,945 + 518,768 1,879,425
Federal agency securities (2) 816,225 + 4,540 - 113,800 817,520
Securities lent to dealers 38,021 + 186 - 112,520 39,656
Overnight facility (3) 5,471 + 186 - 6,981 7,106
Term facility (4) 32,550 0 - 105,539 32,550
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, May 13, 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 111,808 317,028 --- --- --- --- 428,835
Other loans (1) 41,005 29,311 113 61,620 --- --- 132,049
U.S. Treasury securities (2)
Holdings 25,044 17,240 64,998 229,896 127,416 112,497 577,091
Weekly changes - 3,520 + 3,520 + 2 + 12,962 + 6 + 3,521 + 16,490
Federal agency debt securities (3)
Holdings 0 196 4,770 49,829 17,625 535 72,955
Weekly changes 0 0 0 0 + 1,328 + 153 + 1,481
Mortgage-backed securities (4)
Holdings 0 0 0 0 0 431,545 431,545
Weekly changes 0 0 0 0 0 + 65,725 + 65,725
Commercial paper held by
Commercial Paper Funding
Facility LLC (5) 24,514 136,088 0 --- --- --- 160,602
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) 144,251 102,587 0 0 0 0 246,838
Reverse repurchase agreements (7) 70,894 0 --- --- --- --- 70,894
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 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 May 13, 2009
Mortgage-backed securities held outright (1) 431,545
Commitments to buy mortgage-backed securities (2) 129,753
Commitments to sell mortgage-backed securities (2) 110,730
Cash and cash equivalents (3) 500
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 as well as dollar rolls.
3. This amount is included in other Federal Reserve assets in table 1 and in other assets in table 9 and table 10.
4. Information on Principal Accounts of Maiden Lane LLC
Millions of dollars
Wednesday
Account name May 13, 2009
Net portfolio holdings of Maiden Lane LLC (1) 25,693
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) 320
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3) 1,209
1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if
the transaction were to be conducted in an orderly market on the measurement date. Revalued quarterly.
This table reflects valuations as of March 31, 2009. 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 10.
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 9 and table 10.
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 May 13, 2009
Net portfolio holdings of Maiden Lane II LLC (1) 16,150
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 17,877
Accrued interest payable to the Federal Reserve Bank of New York (2) 128
Deferred payment and accrued interest payable to subsidiaries of American International
Group, Inc. (3) 1,015
1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if
the transaction were to be conducted in an orderly market on the measurement date. Revalued quarterly.
This table reflects valuations as of March 31, 2009. 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 10.
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 9 and table 10.
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 May 13, 2009
Net portfolio holdings of Maiden Lane III LLC (1) 20,305
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 22,992
Accrued interest payable to the Federal Reserve Bank of New York (2) 174
Outstanding principal amount and accrued interest on loan payable to American International
Group, Inc. (3) 5,086
1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if
the transaction were to be conducted in an orderly market on the measurement date. Revalued quarterly.
This table reflects valuations as of March 31, 2009. 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 10.
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 9 and table 10.
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 Commercial Paper Funding Facility LLC
Millions of dollars
Wednesday
Account name May 13, 2009
Commercial paper holdings, net (1) 159,666
Other investments, net 3,542
Net portfolio holdings of Commercial Paper Funding Facility LLC 163,209
Memorandum: Commercial paper holdings, face value 160,602
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 159,612
Accrued interest payable to the Federal Reserve Bank of New York (2) 39
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 10.
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.
8. Information on Principal Accounts of LLCs Funded through the Money Market Investor Funding Facility
Millions of dollars
Wednesday
Account name May 13, 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 10.
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.
9. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of dollars
Eliminations Change since
from Wednesday Wednesday Wednesday
Assets, liabilities, and capital consolidation May 13, 2009 May 6, 2009 May 14, 2008
Assets
Gold certificate account 11,037 0 0
Special drawing rights certificate account 2,200 0 0
Coin 1,860 - 41 + 474
Securities, repurchase agreements, term auction
credit, and other loans 1,642,476 + 119,971 + 873,915
Securities held outright 1,081,591 + 83,696 + 565,935
U.S. Treasury securities (1) 577,091 + 16,490 + 61,435
Bills (2) 18,423 0 - 31,187
Notes and bonds, nominal (2) 512,770 + 16,465 + 90,954
Notes and bonds, inflation-indexed (2) 41,253 0 + 2,082
Inflation compensation (3) 4,645 + 25 - 414
Federal agency debt securities (2) 72,955 + 1,481 + 72,955
Mortgage-backed securities (4) 431,545 + 65,725 + 431,545
Repurchase agreements (5) 0 0 - 100,000
Term auction credit 428,835 + 25,262 + 303,835
Other loans 132,049 + 11,012 + 104,144
Net portfolio holdings of Commercial Paper
Funding Facility LLC (6) 163,209 - 5,271 + 163,209
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) 25,693 + 21 + 25,693
Net portfolio holdings of Maiden Lane II LLC (9) 16,150 + 7 + 16,150
Net portfolio holdings of
Maiden Lane III LLC (10) 20,305 + 86 + 20,305
Items in process of collection (532) 360 - 555 - 1,922
Bank premises 2,194 0 + 47
Central bank liquidity swaps (11) 246,838 - 2,464 + 194,838
Other assets (12) 65,514 + 4,826 + 23,532
Total assets (532) 2,197,835 + 116,578 +1,316,241
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.
9. 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 May 13, 2009 May 6, 2009 May 14, 2008
Liabilities
Federal Reserve notes, net of F.R. Bank holdings 865,511 - 358 + 84,722
Reverse repurchase agreements (13) 70,894 + 5,750 + 31,780
Deposits (0) 1,208,705 + 109,901 +1,193,746
Depository institutions 931,737 + 106,114 + 921,163
U.S. Treasury, general account 57,167 - 13,516 + 53,147
U.S. Treasury, supplementary financing account 199,933 + 4 + 199,933
Foreign official 2,547 + 1,337 + 2,450
Other (0) 17,322 + 15,963 + 17,054
Deferred availability cash items (532) 3,351 - 807 + 722
Other liabilities and accrued dividends (14) 6,281 + 350 + 2,705
Total liabilities (532) 2,154,743 + 114,837 +1,313,677
Capital accounts
Capital paid in 22,938 - 63 + 3,077
Surplus 18,141 + 894 - 338
Other capital accounts 2,013 + 910 - 176
Total capital 43,092 + 1,741 + 2,564
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 7 and the note on consolidation accompanying table 10.
7. Refer to table 8 and the note on consolidation accompanying table 10.
8. Refer to table 4 and the note on consolidation accompanying table 10.
9. Refer to table 5 and the note on consolidation accompanying table 10.
10. Refer to table 6 and the note on consolidation accompanying table 10.
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 4 through table 8 and the note on consolidation accompanying table 10.
10. Statement of Condition of Each Federal Reserve Bank, May 13, 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 11,037 412 3,895 450 467 882 1,356 911 329 197 335 621 1,182
Special drawing rights certificate acct. 2,200 115 874 83 104 147 166 212 71 30 66 98 234
Coin 1,860 70 86 155 153 247 210 228 38 64 132 181 296
Securities, repurchase agreements, term
auction credit, and other loans 1,642,476 64,195 756,148 41,025 49,725 125,851 147,066 124,828 46,153 18,903 51,149 56,934 160,499
Securities held outright 1,081,591 20,748 422,768 16,780 42,732 38,977 130,317 117,040 42,373 17,906 48,822 52,296 130,833
U.S. Treasury securities (1) 577,091 11,070 225,571 8,953 22,800 20,797 69,532 62,447 22,608 9,554 26,049 27,903 69,807
Bills (2) 18,423 353 7,201 286 728 664 2,220 1,994 722 305 832 891 2,228
Notes and bonds (3) 558,669 10,717 218,370 8,667 22,072 20,133 67,312 60,454 21,886 9,249 25,218 27,012 67,578
Federal agency debt securities (2) 72,955 1,400 28,516 1,132 2,882 2,629 8,790 7,895 2,858 1,208 3,293 3,527 8,825
Mortgage-backed securities (4) 431,545 8,278 168,680 6,695 17,050 15,552 51,995 46,698 16,906 7,144 19,480 20,866 52,201
Repurchase agreements (5) 0 0 0 0 0 0 0 0 0 0 0 0 0
Term auction credit 428,835 14,642 234,882 24,099 6,988 86,160 16,453 5,964 3,704 748 2,309 4,455 28,433
Other loans 132,049 28,805 98,498 146 6 714 296 1,824 77 249 17 183 1,233
Net portfolio holdings of Commercial
Paper Funding Facility LLC (6) 163,209 0 163,209 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) 25,693 0 25,693 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of Maiden
Lane II LLC (9) 16,150 0 16,150 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of Maiden
Lane III LLC (10) 20,305 0 20,305 0 0 0 0 0 0 0 0 0 0
Items in process of collection 892 28 0 244 91 88 15 1 170 56 21 82 96
Bank premises 2,194 122 215 66 146 235 222 207 135 112 271 249 213
Central bank liquidity swaps (11) 246,838 10,286 58,382 28,205 18,910 72,858 19,635 8,570 2,555 3,952 2,533 3,301 17,651
Other assets (12) 65,514 1,798 22,593 3,351 3,410 8,574 6,769 5,152 1,852 1,071 2,076 2,295 6,571
Interdistrict settlement account 0 + 16,062 - 1,287 - 11,645 + 3,260 + 47,188 - 23,928 - 35,373 - 14,899 - 2,186 - 3,535 - 2,860 + 29,203
Total assets 2,198,367 93,089 1,066,264 61,934 76,266 256,070 151,511 104,738 36,404 22,198 53,048 60,901 215,945
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.
10. Statement of Condition of Each Federal Reserve Bank, May 13, 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 1,050,976 36,803 373,727 40,317 45,231 79,247 133,625 87,651 31,325 20,115 29,054 63,085 110,797
Less: Notes held by F.R. Banks 185,464 4,722 59,261 5,129 7,780 12,294 28,923 12,895 4,036 3,051 3,493 19,055 24,826
Federal Reserve notes, net 865,511 32,081 314,466 35,189 37,451 66,953 104,701 74,756 27,290 17,064 25,561 44,029 85,971
Reverse repurchase agreements (13) 70,894 1,360 27,711 1,100 2,801 2,555 8,542 7,672 2,777 1,174 3,200 3,428 8,576
Deposits 1,208,705 57,530 711,433 19,885 32,120 172,907 34,155 19,842 5,437 2,578 23,483 12,369 116,967
Depository institutions 931,737 57,520 434,612 19,880 32,116 172,793 34,151 19,840 5,432 2,577 23,481 12,369 116,964
U.S. Treasury, general account 57,167 0 57,167 0 0 0 0 0 0 0 0 0 0
U.S. Treasury, supplementary
financing account 199,933 0 199,933 0 0 0 0 0 0 0 0 0 0
Foreign official 2,547 2 2,518 4 3 11 3 1 0 1 0 1 3
Other 17,322 8 17,203 0 1 103 0 0 5 0 1 0 0
Deferred availability cash items 3,883 110 0 723 418 150 315 406 202 322 198 271 767
Other liabilities and accrued
dividends (14) 6,281 136 3,611 175 203 477 394 333 167 113 134 187 352
Total liabilities 2,155,275 91,216 1,057,221 57,072 72,993 243,042 148,106 103,008 35,873 21,250 52,575 60,285 212,633
Capital
Capital paid in 22,938 912 6,371 2,410 1,591 6,531 1,562 793 240 486 206 273 1,565
Surplus 18,141 844 2,672 2,316 1,552 5,981 1,612 704 210 324 208 271 1,449
Other capital 2,013 117 0 137 130 516 231 233 81 138 59 72 298
Total liabilities and capital 2,198,367 93,089 1,066,264 61,934 76,266 256,070 151,511 104,738 36,404 22,198 53,048 60,901 215,945
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.
10. Statement of Condition of Each Federal Reserve Bank, May 13, 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 7 and the note on consolidation below.
7. Refer to table 8 and the note on consolidation below.
8. Refer to table 4 and the note on consolidation below.
9. Refer to table 5 and the note on consolidation below.
10. Refer to table 6 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 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 8 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 9), 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 9).
11. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts
Millions of dollars
Federal Reserve notes and collateral Wednesday
May 13, 2009
Federal Reserve notes outstanding 1,050,976
Less: Notes held by F.R. Banks not subject to collateralization 185,464
Federal Reserve notes to be collateralized 865,511
Collateral held against Federal Reserve notes 865,511
Gold certificate account 11,037
Special drawing rights certificate account 2,200
U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 852,275
Other assets pledged 0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 1,081,591
Less: Face value of securities under reverse repurchase agreements 66,652
U.S. Treasury, agency debt, and mortgage-backed securities
eligible to be pledged 1,014,939
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 and term securities lending facilities; refer
to table 1A.
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