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FEDERAL RESERVE statistical release
H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
August 6, 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 Aug 5, 2009 Jul 29, 2009 Aug 6, 2008 Aug 5, 2009
Reserve Bank credit 1,977,908 - 32,140 +1,087,368 1,973,599
Securities held outright (1) 1,354,082 + 10,191 + 874,791 1,356,282
U.S. Treasury securities 704,357 + 9,039 + 225,066 705,331
Bills (2) 18,423 0 - 3,317 18,423
Notes and bonds, nominal (2) 636,013 + 8,867 + 224,282 636,919
Notes and bonds, inflation-indexed (2) 44,566 + 128 + 4,734 44,588
Inflation compensation (3) 5,355 + 44 - 633 5,401
Federal agency debt securities (2) 106,837 + 2,771 + 106,837 108,066
Mortgage-backed securities (4) 542,888 - 1,619 + 542,888 542,885
Repurchase agreements (5) 0 0 - 110,500 0
Term auction credit 233,651 - 3,978 + 83,651 233,598
Other loans 107,842 - 689 + 90,379 105,737
Primary credit 35,090 + 1,287 + 17,720 33,187
Secondary credit 249 + 144 + 249 870
Seasonal credit 89 + 1 - 4 99
Primary dealer and other broker-dealer credit (6) 0 0 0 0
Asset-Backed Commercial Paper Money Market
Mutual Fund Liquidity Facility 515 - 558 + 515 113
Credit extended to American International
Group, Inc., net (7) 41,616 - 1,438 + 41,616 41,335
Term Asset-Backed Securities Loan Facility 30,284 - 124 + 30,284 30,132
Other credit extensions 0 0 0 0
Net portfolio holdings of Commercial Paper
Funding Facility LLC (8) 64,744 - 29,670 + 64,744 61,163
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) 25,899 - 130 - 3,206 25,949
Net portfolio holdings of Maiden Lane II LLC (11) 15,145 - 527 + 15,145 15,147
Net portfolio holdings of Maiden Lane III LLC (12) 21,165 + 1,999 + 21,165 21,304
Float -1,933 - 155 - 746 -2,356
Central bank liquidity swaps (13) 77,389 - 10,349 + 15,389 76,271
Other Federal Reserve assets (14) 79,924 + 1,168 + 36,556 80,504
Gold stock 11,041 0 0 11,041
Special drawing rights certificate account 2,200 0 0 2,200
Treasury currency outstanding (15) 42,429 - 54 + 3,753 42,417
Total factors supplying reserve funds 2,033,578 - 32,194 +1,091,121 2,029,257
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 Aug 5, 2009 Jul 29, 2009 Aug 6, 2008 Aug 5, 2009
Currency in circulation (15) 910,549 + 1,892 + 79,053 912,344
Reverse repurchase agreements (16) 67,799 + 1,593 + 24,009 66,834
Foreign official and international accounts 67,799 + 1,593 + 24,009 66,834
Dealers 0 0 0 0
Treasury cash holdings 300 - 32 - 15 290
Deposits with F.R. Banks, other than reserve balances 279,831 + 10,919 + 267,472 273,022
U.S. Treasury, general account 70,812 + 9,406 + 65,932 61,522
U.S. Treasury, supplementary financing account 199,935 - 1 + 199,935 199,935
Foreign official 3,099 + 1,067 + 2,984 3,231
Service-related 5,119 - 33 - 1,897 5,119
Required clearing balances 5,119 - 33 - 1,897 5,119
Adjustments to compensate for float 0 0 0 0
Other 867 + 481 + 519 3,214
Other liabilities and capital (17) 57,064 + 19 + 12,925 57,256
Total factors, other than reserve balances,
absorbing reserve funds 1,315,543 + 14,391 + 383,443 1,309,746
Reserve balances with Federal Reserve Banks 718,034 - 46,586 + 707,676 719,511
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. Includes outstanding principal and capitalized interest net of unamortized deferred commitment fees and
allowance for loan restructuring. 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
Aug 5, 2009 Jul 29, 2009 Aug 6, 2008 Aug 5, 2009
Marketable securities held in custody for foreign
official and international accounts (1) 2,810,152 + 16,989 + 414,468 2,812,398
U.S. Treasury securities 2,023,277 + 22,104 + 604,434 2,027,710
Federal agency securities (2) 786,875 - 5,115 - 189,967 784,688
Securities lent to dealers 11,792 + 873 - 121,067 11,780
Overnight facility (3) 9,092 + 873 + 1,095 9,080
U.S. Treasury securities 8,837 + 799 + 840 8,892
Federal agency debt securities 254 + 73 + 254 188
Term facility (4) 2,700 0 - 122,162 2,700
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. U.S. Treasury securities only. 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, August 5, 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 55,457 178,140 --- --- --- --- 233,598
Other loans (1) 31,920 2,349 0 71,468 0 --- 105,737
U.S. Treasury securities (2)
Holdings 24,068 14,820 64,561 282,516 184,669 134,697 705,331
Weekly changes + 5,183 - 5,204 + 564 + 5,131 + 719 + 3,180 + 9,573
Federal agency debt securities (3)
Holdings 0 750 12,751 70,877 22,361 1,327 108,066
Weekly changes 0 0 0 + 993 + 1,158 0 + 2,151
Mortgage-backed securities (4)
Holdings 0 0 0 0 0 542,885 542,885
Weekly changes 0 0 0 0 0 - 3 - 3
Commercial paper held by
Commercial Paper Funding
Facility LLC (5) 8,085 48,912 0 --- --- --- 56,997
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) 59,176 17,095 0 0 0 0 76,271
Reverse repurchase agreements (7) 66,834 0 --- --- --- --- 66,834
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 Aug 5, 2009
Mortgage-backed securities held outright (1) 542,885
Commitments to buy mortgage-backed securities (2) 173,418
Commitments to sell mortgage-backed securities (2) 19,180
Cash and cash equivalents (3) 9
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 Aug 5, 2009
Net portfolio holdings of Maiden Lane LLC (1) 25,949
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) 354
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3) 1,223
1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if
the transaction were to be conducted in an orderly market on the measurement date. Revalued quarterly.
This table reflects valuations as of June 30, 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 Aug 5, 2009
Net portfolio holdings of Maiden Lane II LLC (1) 15,147
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 17,232
Accrued interest payable to the Federal Reserve Bank of New York (2) 182
Deferred payment and accrued interest payable to subsidiaries of American International
Group, Inc. (3) 1,023
1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if
the transaction were to be conducted in an orderly market on the measurement date. Revalued quarterly.
This table reflects valuations as of June 30, 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 Aug 5, 2009
Net portfolio holdings of Maiden Lane III LLC (1) 21,304
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 20,757
Accrued interest payable to the Federal Reserve Bank of New York (2) 242
Outstanding principal amount and accrued interest on loan payable to American International
Group, Inc. (3) 5,125
1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if
the transaction were to be conducted in an orderly market on the measurement date. Revalued quarterly.
This table reflects valuations as of June 30, 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 Aug 5, 2009
Commercial paper holdings, net (1) 56,712
Other investments, net 4,451
Net portfolio holdings of Commercial Paper Funding Facility LLC 61,163
Memorandum: Commercial paper holdings, face value 56,997
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 56,611
Accrued interest payable to the Federal Reserve Bank of New York (2) 12
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 Aug 5, 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 Aug 5, 2009 Jul 29, 2009 Aug 6, 2008
Assets
Gold certificate account 11,037 0 0
Special drawing rights certificate account 2,200 0 0
Coin 1,936 + 41 + 557
Securities, repurchase agreements, term auction
credit, and other loans 1,695,617 + 3,547 + 944,033
Securities held outright (1) 1,356,282 + 11,721 + 876,952
U.S. Treasury securities 705,331 + 9,573 + 226,001
Bills (2) 18,423 0 - 3,317
Notes and bonds, nominal (2) 636,919 + 9,344 + 225,188
Notes and bonds, inflation-indexed (2) 44,588 + 150 + 4,756
Inflation compensation (3) 5,401 + 78 - 626
Federal agency debt securities (2) 108,066 + 2,151 + 108,066
Mortgage-backed securities (4) 542,885 - 3 + 542,885
Repurchase agreements (5) 0 0 - 104,750
Term auction credit 233,598 - 4,023 + 83,598
Other loans 105,737 - 4,151 + 88,233
Net portfolio holdings of Commercial Paper
Funding Facility LLC (6) 61,163 - 6,137 + 61,163
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) 25,949 + 79 - 3,190
Net portfolio holdings of Maiden Lane II LLC (9) 15,147 + 3 + 15,147
Net portfolio holdings of
Maiden Lane III LLC (10) 21,304 + 167 + 21,304
Items in process of collection (451) 586 + 356 - 1,928
Bank premises 2,208 - 7 + 48
Central bank liquidity swaps (11) 76,271 - 11,467 + 14,271
Other assets (12) 78,316 + 2,098 + 37,201
Total assets (451) 1,991,734 - 11,319 +1,088,607
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 Aug 5, 2009 Jul 29, 2009 Aug 6, 2008
Liabilities
Federal Reserve notes, net of F.R. Bank holdings 872,150 + 1,575 + 76,302
Reverse repurchase agreements (13) 66,834 + 824 + 23,636
Deposits (0) 992,553 - 15,020 + 976,488
Depository institutions 724,650 - 22,474 + 713,788
U.S. Treasury, general account 61,522 + 3,697 + 56,724
U.S. Treasury, supplementary financing account 199,935 - 1 + 199,935
Foreign official 3,231 + 1,053 + 3,130
Other (0) 3,214 + 2,703 + 2,911
Deferred availability cash items (450) 2,942 + 340 - 1,227
Other liabilities and accrued dividends (14) 6,860 + 135 + 3,328
Total liabilities (451) 1,941,338 - 12,148 +1,078,526
Capital accounts
Capital paid in 24,586 + 64 + 4,649
Surplus 21,306 + 9 + 2,804
Other capital accounts 4,504 + 755 + 2,629
Total capital 50,396 + 829 + 10,081
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, August 5, 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 1,936 65 78 159 160 247 236 233 41 61 140 202 315
Securities, repurchase agreements, term
auction credit, and other loans 1,695,617 36,615 808,230 29,060 60,055 52,504 166,887 151,767 55,477 23,064 63,277 67,621 181,061
Securities held outright (1) 1,356,282 26,018 530,137 21,041 53,584 48,876 163,413 146,764 53,134 22,454 61,221 65,578 164,060
U.S. Treasury securities 705,331 13,530 275,696 10,943 27,866 25,418 84,983 76,324 27,632 11,677 31,838 34,104 85,319
Bills (2) 18,423 353 7,201 286 728 664 2,220 1,994 722 305 832 891 2,228
Notes and bonds (3) 686,908 13,177 268,496 10,657 27,138 24,754 82,763 74,331 26,910 11,372 31,006 33,213 83,091
Federal agency debt securities (2) 108,066 2,073 42,240 1,677 4,269 3,894 13,020 11,694 4,234 1,789 4,878 5,225 13,072
Mortgage-backed securities (4) 542,885 10,414 212,201 8,422 21,448 19,564 65,410 58,746 21,268 8,988 24,505 26,249 65,669
Repurchase agreements (5) 0 0 0 0 0 0 0 0 0 0 0 0 0
Term auction credit 233,598 10,312 176,074 7,961 6,471 3,325 3,160 3,646 2,274 441 2,054 1,911 15,969
Other loans 105,737 285 102,018 57 0 302 313 1,357 70 169 1 131 1,032
Net portfolio holdings of Commercial
Paper Funding Facility LLC (6) 61,163 0 61,163 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) 25,949 0 25,949 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of Maiden
Lane II LLC (9) 15,147 0 15,147 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of Maiden
Lane III LLC (10) 21,304 0 21,304 0 0 0 0 0 0 0 0 0 0
Items in process of collection 1,036 46 0 128 99 56 307 64 62 45 66 58 104
Bank premises 2,208 121 230 68 146 239 222 206 134 112 270 248 212
Central bank liquidity swaps (11) 76,271 3,129 18,940 8,580 5,753 22,164 5,973 2,607 777 1,202 771 1,004 5,370
Other assets (12) 78,316 2,058 27,421 3,646 3,948 9,200 8,285 6,500 2,337 1,290 2,637 2,893 8,102
Interdistrict settlement account 0 + 10,610 - 18,209 + 16,586 - 2,116 + 164,097 - 32,883 - 53,337 - 22,947 - 3,548 - 20,907 - 6,555 - 30,791
Total assets 1,992,185 53,171 965,021 58,760 68,616 249,535 150,550 109,164 36,282 22,453 46,653 66,189 165,790
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, August 5, 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 1,056,475 35,748 382,525 39,881 45,010 83,177 131,892 86,152 31,060 19,783 28,945 62,291 110,012
Less: Notes held by F.R. Banks 184,326 4,838 57,179 6,776 8,334 12,568 26,163 13,428 4,386 3,361 3,400 18,134 25,757
Federal Reserve notes, net 872,150 30,910 325,345 33,105 36,675 70,609 105,729 72,724 26,674 16,423 25,545 44,157 84,255
Reverse repurchase agreements (13) 66,834 1,282 26,124 1,037 2,640 2,408 8,053 7,232 2,618 1,106 3,017 3,232 8,084
Deposits 992,553 18,851 594,573 18,857 25,369 162,303 32,584 26,743 6,132 3,270 17,211 17,637 69,023
Depository institutions 724,650 18,848 326,835 18,852 25,366 162,180 32,574 26,741 6,120 3,269 17,209 17,637 69,018
U.S. Treasury, general account 61,522 0 61,522 0 0 0 0 0 0 0 0 0 0
U.S. Treasury, supplementary
financing account 199,935 0 199,935 0 0 0 0 0 0 0 0 0 0
Foreign official 3,231 2 3,202 4 3 11 3 1 0 1 0 1 3
Other 3,215 1 3,079 0 0 111 7 1 11 0 1 0 2
Deferred availability cash items 3,392 118 0 442 380 141 352 330 139 291 233 337 628
Other liabilities and accrued
dividends (14) 6,860 141 3,797 151 218 422 508 431 203 121 182 235 451
Total liabilities 1,941,789 51,301 949,839 53,591 65,284 235,884 147,225 107,460 35,767 21,211 46,188 65,597 162,441
Capital
Capital paid in 24,586 921 7,247 2,607 1,635 6,876 1,562 793 236 621 208 273 1,607
Surplus 21,306 844 5,835 2,316 1,552 5,982 1,612 704 209 324 208 271 1,449
Other capital 4,504 105 2,100 246 145 794 151 207 70 297 49 47 293
Total liabilities and capital 1,992,185 53,171 965,021 58,760 68,616 249,535 150,550 109,164 36,282 22,453 46,653 66,189 165,790
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, August 5, 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
Aug 5, 2009
Federal Reserve notes outstanding 1,056,475
Less: Notes held by F.R. Banks not subject to collateralization 184,326
Federal Reserve notes to be collateralized 872,150
Collateral held against Federal Reserve notes 872,150
Gold certificate account 11,037
Special drawing rights certificate account 2,200
U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 858,913
Other assets pledged 0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 1,356,282
Less: Face value of securities under reverse repurchase agreements 65,020
U.S. Treasury, agency debt, and mortgage-backed securities
eligible to be pledged 1,291,262
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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