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FEDERAL RESERVE statistical release
H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
June 11, 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 Jun 10, 2009 Jun 3, 2009 Jun 11, 2008 Jun 10, 2009
Reserve Bank credit 2,025,715 - 40,529 +1,152,194 2,035,926
Securities held outright 1,133,524 + 19,051 + 651,474 1,142,475
U.S. Treasury securities (1) 622,252 + 16,094 + 140,202 628,690
Bills (2) 18,423 0 - 6,720 18,423
Notes and bonds, nominal (2) 556,088 + 16,066 + 143,696 562,516
Notes and bonds, inflation-indexed (2) 42,803 0 + 3,632 42,803
Inflation compensation (3) 4,938 + 28 - 407 4,948
Federal agency debt securities (2) 83,856 + 3,152 + 83,856 86,369
Mortgage-backed securities (4) 427,416 - 196 + 427,416 427,416
Repurchase agreements (5) 0 0 - 116,821 0
Term auction credit 336,566 - 35,974 + 186,566 336,566
Other loans 119,610 - 6,444 + 97,735 123,992
Primary credit 36,874 - 5,056 + 23,726 35,408
Secondary credit 1 0 - 223 3
Seasonal credit 13 + 1 - 54 14
Primary dealer and other broker-dealer credit (6) 0 0 - 8,436 0
Asset-Backed Commercial Paper Money Market
Mutual Fund Liquidity Facility 21,158 - 3,935 + 21,158 20,194
Credit extended to American International
Group, Inc. (7) 43,498 - 80 + 43,498 43,129
Term Asset-Backed Securities Loan Facility 18,067 + 2,627 + 18,067 25,243
Other credit extensions 0 0 0 0
Net portfolio holdings of Commercial Paper
Funding Facility LLC (8) 140,827 - 4,312 + 140,827 138,440
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) 25,839 + 67 + 25,839 25,882
Net portfolio holdings of Maiden Lane II LLC (11) 15,939 - 321 + 15,939 15,941
Net portfolio holdings of Maiden Lane III LLC (12) 19,876 - 519 + 19,876 20,010
Float -2,186 - 329 - 789 -2,277
Central bank liquidity swaps (13) 165,856 - 10,977 + 103,856 164,234
Other Federal Reserve assets (14) 69,864 - 770 + 27,692 70,663
Gold stock 11,041 0 0 11,041
Special drawing rights certificate account 2,200 0 0 2,200
Treasury currency outstanding (15) 42,401 + 14 + 3,628 42,401
Total factors supplying reserve funds 2,081,358 - 40,514 +1,155,824 2,091,568
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 Jun 10, 2009 Jun 3, 2009 Jun 11, 2008 Jun 10, 2009
Currency in circulation (15) 907,550 - 1,302 + 84,814 908,752
Reverse repurchase agreements (16) 67,108 + 792 + 26,994 67,043
Foreign official and international accounts 67,108 + 792 + 26,994 67,043
Dealers 0 0 0 0
Treasury cash holdings 299 - 2 + 26 303
Deposits with F.R. Banks, other than reserve balances 249,982 + 10,495 + 237,666 251,888
U.S. Treasury, general account 31,392 - 1,181 + 26,543 17,166
U.S. Treasury, supplementary financing account 199,936 + 3 + 199,936 199,936
Foreign official 2,057 + 76 + 1,958 2,509
Service-related 4,217 - 9 - 2,879 4,217
Required clearing balances 4,217 - 9 - 2,879 4,217
Adjustments to compensate for float 0 0 0 0
Other 12,381 + 11,607 + 12,108 28,061
Other liabilities and capital (17) 52,053 + 163 + 7,686 52,149
Total factors, other than reserve balances,
absorbing reserve funds 1,276,992 + 10,146 + 357,186 1,280,136
Reserve balances with Federal Reserve Banks 804,365 - 50,662 + 798,637 811,432
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
Jun 10, 2009 Jun 3, 2009 Jun 11, 2008 Jun 10, 2009
Marketable securities held in custody for foreign
official and international accounts (1) 2,749,596 + 17,939 + 445,454 2,746,089
U.S. Treasury securities 1,936,869 + 17,779 + 587,140 1,934,998
Federal agency securities (2) 812,727 + 160 - 141,686 811,091
Securities lent to dealers 27,479 - 6,426 - 79,221 27,256
Overnight facility (3) 10,072 + 3,517 + 339 11,506
Term facility (4,5) 17,407 - 9,943 - 79,560 15,750
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.
5. On June 10, 2009, option contracts on draws on the Term Securities Lending Facility totaling $ 12,000
million were outstanding. The exercise date for the options is June 24, 2009, and the draws have a
term of June 25, 2009 through July 2, 2009.
2. Maturity Distribution of Term Auction Credit, Other Loans, and Securities, June 10, 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 101,631 234,935 --- --- --- --- 336,566
Other loans (1) 33,188 22,353 79 68,372 0 --- 123,992
U.S. Treasury securities (2)
Holdings 13,172 27,937 60,945 255,193 153,118 118,325 628,690
Weekly changes - 3,520 + 3,520 + 3 + 7,523 + 14,984 + 12 + 22,522
Federal agency debt securities (3)
Holdings 0 196 6,167 59,370 19,820 816 86,369
Weekly changes 0 0 0 + 4,398 0 0 + 4,398
Mortgage-backed securities (4)
Holdings 0 0 0 0 0 427,416 427,416
Weekly changes 0 0 0 0 0 - 217 - 217
Commercial paper held by
Commercial Paper Funding
Facility LLC (5) 19,151 116,148 0 --- --- --- 135,299
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) 92,229 72,005 0 0 0 0 164,234
Reverse repurchase agreements (7) 67,043 0 --- --- --- --- 67,043
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 Jun 10, 2009
Mortgage-backed securities held outright (1) 427,416
Commitments to buy mortgage-backed securities (2) 264,225
Commitments to sell mortgage-backed securities (2) 147,905
Cash and cash equivalents (3) 225
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 Jun 10, 2009
Net portfolio holdings of Maiden Lane LLC (1) 25,882
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) 332
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3) 1,214
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 Jun 10, 2009
Net portfolio holdings of Maiden Lane II LLC (1) 15,941
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 17,553
Accrued interest payable to the Federal Reserve Bank of New York (2) 147
Deferred payment and accrued interest payable to subsidiaries of American International
Group, Inc. (3) 1,018
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 Jun 10, 2009
Net portfolio holdings of Maiden Lane III LLC (1) 20,010
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 22,400
Accrued interest payable to the Federal Reserve Bank of New York (2) 198
Outstanding principal amount and accrued interest on loan payable to American International
Group, Inc. (3) 5,099
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 Jun 10, 2009
Commercial paper holdings, net (1) 134,673
Other investments, net 3,767
Net portfolio holdings of Commercial Paper Funding Facility LLC 138,440
Memorandum: Commercial paper holdings, face value 135,299
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 134,446
Accrued interest payable to the Federal Reserve Bank of New York (2) 43
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 Jun 10, 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 Jun 10, 2009 Jun 3, 2009 Jun 11, 2008
Assets
Gold certificate account 11,037 0 0
Special drawing rights certificate account 2,200 0 0
Coin 1,781 - 4 + 442
Securities, repurchase agreements, term auction
credit, and other loans 1,603,033 - 9,519 + 830,673
Securities held outright 1,142,475 + 26,703 + 660,402
U.S. Treasury securities (1) 628,690 + 22,522 + 146,617
Bills (2) 18,423 0 - 6,720
Notes and bonds, nominal (2) 562,516 + 22,494 + 150,124
Notes and bonds, inflation-indexed (2) 42,803 0 + 3,632
Inflation compensation (3) 4,948 + 27 - 420
Federal agency debt securities (2) 86,369 + 4,398 + 86,369
Mortgage-backed securities (4) 427,416 - 217 + 427,416
Repurchase agreements (5) 0 0 - 118,250
Term auction credit 336,566 - 35,974 + 186,566
Other loans 123,992 - 247 + 101,955
Net portfolio holdings of Commercial Paper
Funding Facility LLC (6) 138,440 - 4,195 + 138,440
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) 25,882 + 51 + 25,882
Net portfolio holdings of Maiden Lane II LLC (9) 15,941 - 322 + 15,941
Net portfolio holdings of
Maiden Lane III LLC (10) 20,010 - 436 + 20,010
Items in process of collection (336) 592 - 553 - 544
Bank premises 2,196 + 2 + 47
Central bank liquidity swaps (11) 164,234 - 11,508 + 102,234
Other assets (12) 68,475 + 1,064 + 28,632
Total assets (336) 2,053,821 - 25,420 +1,161,757
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 Jun 10, 2009 Jun 3, 2009 Jun 11, 2008
Liabilities
Federal Reserve notes, net of F.R. Bank holdings 868,431 - 343 + 82,033
Reverse repurchase agreements (13) 67,043 - 377 + 27,288
Deposits (0) 1,063,328 - 24,253 +1,044,221
Depository institutions 815,657 - 29,020 + 801,288
U.S. Treasury, general account 17,166 - 20,468 + 12,797
U.S. Treasury, supplementary financing account 199,936 + 3 + 199,936
Foreign official 2,509 + 608 + 2,409
Other (0) 28,061 + 24,625 + 27,792
Deferred availability cash items (336) 2,869 - 582 + 133
Other liabilities and accrued dividends (14) 6,042 - 275 + 2,336
Total liabilities (336) 2,007,714 - 25,830 +1,156,013
Capital accounts
Capital paid in 24,245 + 179 + 4,314
Surplus 20,415 + 570 + 1,929
Other capital accounts 1,447 - 339 - 499
Total capital 46,107 + 410 + 5,744
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, June 10, 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 1,781 64 72 149 143 235 206 220 40 61 128 178 287
Securities, repurchase agreements, term
auction credit, and other loans 1,603,033 56,609 760,321 36,760 51,805 85,901 144,287 130,741 48,071 19,500 53,831 59,204 156,004
Securities held outright 1,142,475 21,916 446,566 17,724 45,137 41,171 137,653 123,628 44,758 18,914 51,570 55,240 138,198
U.S. Treasury securities (1) 628,690 12,060 245,740 9,754 24,838 22,656 75,748 68,031 24,630 10,408 28,379 30,398 76,048
Bills (2) 18,423 353 7,201 286 728 664 2,220 1,994 722 305 832 891 2,228
Notes and bonds (3) 610,268 11,707 238,539 9,468 24,110 21,992 73,529 66,038 23,908 10,103 27,547 29,507 73,820
Federal agency debt securities (2) 86,369 1,657 33,760 1,340 3,412 3,112 10,406 9,346 3,384 1,430 3,899 4,176 10,447
Mortgage-backed securities (4) 427,416 8,199 167,066 6,631 16,886 15,403 51,498 46,251 16,745 7,076 19,293 20,666 51,702
Repurchase agreements (5) 0 0 0 0 0 0 0 0 0 0 0 0 0
Term auction credit 336,566 14,332 214,382 18,878 6,668 44,001 6,439 5,445 3,256 392 2,233 3,840 16,701
Other loans 123,992 20,361 99,374 158 0 728 195 1,668 57 194 28 124 1,106
Net portfolio holdings of Commercial
Paper Funding Facility LLC (6) 138,440 0 138,440 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) 25,882 0 25,882 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of Maiden
Lane II LLC (9) 15,941 0 15,941 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of Maiden
Lane III LLC (10) 20,010 0 20,010 0 0 0 0 0 0 0 0 0 0
Items in process of collection 928 38 0 191 99 68 80 95 97 61 61 67 70
Bank premises 2,196 122 216 67 147 237 222 207 135 112 271 248 213
Central bank liquidity swaps (11) 164,234 6,645 42,479 18,222 12,217 47,071 12,686 5,537 1,650 2,553 1,637 2,133 11,404
Other assets (12) 68,475 1,861 23,813 3,396 3,525 8,677 7,107 5,460 1,970 1,121 2,203 2,432 6,908
Interdistrict settlement account 0 + 12,817 - 58,684 - 722 + 11,341 + 110,518 - 20,390 - 38,488 - 16,202 - 1,001 - 8,510 - 2,076 + 11,397
Total assets 2,054,157 78,682 973,260 58,597 79,846 253,736 145,720 104,895 36,160 22,634 50,022 62,906 187,698
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, June 10, 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 1,050,957 36,435 375,759 40,257 45,212 81,088 132,148 87,334 31,266 20,005 28,781 62,623 110,047
Less: Notes held by F.R. Banks 182,526 4,880 57,299 5,738 7,889 12,131 27,712 13,028 4,126 2,984 3,247 19,168 24,325
Federal Reserve notes, net 868,431 31,556 318,460 34,519 37,323 68,958 104,436 74,306 27,140 17,021 25,534 43,455 85,722
Reverse repurchase agreements (13) 67,043 1,286 26,206 1,040 2,649 2,416 8,078 7,255 2,626 1,110 3,026 3,242 8,110
Deposits 1,063,328 43,758 613,153 17,303 36,084 168,699 29,279 20,982 5,595 2,931 20,677 15,229 89,637
Depository institutions 815,657 43,731 365,619 17,298 36,080 168,615 29,276 20,980 5,589 2,930 20,676 15,229 89,635
U.S. Treasury, general account 17,166 0 17,166 0 0 0 0 0 0 0 0 0 0
U.S. Treasury, supplementary
financing account 199,936 0 199,936 0 0 0 0 0 0 0 0 0 0
Foreign official 2,509 2 2,480 4 3 11 3 1 0 1 0 1 3
Other 28,061 26 27,953 0 1 73 0 1 6 0 1 0 0
Deferred availability cash items 3,205 97 0 544 337 135 288 352 126 316 197 208 604
Other liabilities and accrued
dividends (14) 6,042 141 3,250 192 213 515 403 339 169 120 141 191 368
Total liabilities 2,008,050 76,838 961,069 53,598 76,607 240,723 142,484 103,234 35,657 21,497 49,577 62,325 184,441
Capital
Capital paid in 24,245 920 7,245 2,607 1,620 6,556 1,562 791 238 633 207 273 1,592
Surplus 20,415 844 4,945 2,316 1,552 5,981 1,612 704 210 324 208 271 1,449
Other capital 1,447 79 0 77 68 475 62 166 56 180 30 37 215
Total liabilities and capital 2,054,157 78,682 973,260 58,597 79,846 253,736 145,720 104,895 36,160 22,634 50,022 62,906 187,698
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, June 10, 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
Jun 10, 2009
Federal Reserve notes outstanding 1,050,957
Less: Notes held by F.R. Banks not subject to collateralization 182,526
Federal Reserve notes to be collateralized 868,431
Collateral held against Federal Reserve notes 868,431
Gold certificate account 11,037
Special drawing rights certificate account 2,200
U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 855,194
Other assets pledged 0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 1,142,475
Less: Face value of securities under reverse repurchase agreements 68,566
U.S. Treasury, agency debt, and mortgage-backed securities
eligible to be pledged 1,073,909
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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