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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 20, 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 19, 2009 Aug 12, 2009 Aug 20, 2008 Aug 19, 2009
Reserve Bank credit 2,034,701 + 45,433 +1,144,378 2,036,967
Securities held outright (1) 1,448,821 + 76,129 + 969,321 1,457,405
U.S. Treasury securities 731,039 + 10,129 + 251,539 736,086
Bills (2) 18,423 0 - 3,317 18,423
Notes and bonds, nominal (2) 662,470 + 10,032 + 250,739 667,481
Notes and bonds, inflation-indexed (2) 44,588 0 + 4,756 44,588
Inflation compensation (3) 5,559 + 97 - 638 5,595
Federal agency debt securities (2) 110,768 + 1,872 + 110,768 111,787
Mortgage-backed securities (4) 607,014 + 64,129 + 607,014 609,531
Repurchase agreements (5) 0 0 - 107,714 0
Term auction credit 221,081 - 12,517 + 71,081 221,081
Other loans 107,144 + 1,167 + 89,535 106,292
Primary credit 30,711 - 3,223 + 13,198 29,942
Secondary credit 710 - 95 + 710 620
Seasonal credit 118 + 13 + 23 123
Primary dealer and other broker-dealer credit (6) 0 0 0 0
Asset-Backed Commercial Paper Money Market
Mutual Fund Liquidity Facility 113 0 + 113 113
Credit extended to American International
Group, Inc., net (7) 39,199 - 1,990 + 39,199 39,214
Term Asset-Backed Securities Loan Facility 36,292 + 6,461 + 36,292 36,280
Other credit extensions 0 0 0 0
Net portfolio holdings of Commercial Paper
Funding Facility LLC (8) 56,512 - 3,516 + 56,512 53,742
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) 25,988 + 34 - 3,195 25,982
Net portfolio holdings of Maiden Lane II LLC (11) 14,822 + 7 + 14,822 14,841
Net portfolio holdings of Maiden Lane III LLC (12) 20,862 + 103 + 20,862 20,875
Float -1,885 + 260 - 945 -2,168
Central bank liquidity swaps (13) 69,141 - 7,142 + 2,141 69,141
Other Federal Reserve assets (14) 72,215 - 9,092 + 31,958 69,776
Gold stock 11,041 0 0 11,041
Special drawing rights certificate account 2,200 0 0 2,200
Treasury currency outstanding (15) 42,457 + 14 + 3,781 42,445
Total factors supplying reserve funds 2,090,399 + 45,447 +1,148,159 2,092,652
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 19, 2009 Aug 12, 2009 Aug 20, 2008 Aug 19, 2009
Currency in circulation (15) 910,895 - 685 + 80,878 911,755
Reverse repurchase agreements (16) 68,148 - 2,156 + 23,693 68,369
Foreign official and international accounts 68,148 - 2,156 + 23,693 68,369
Dealers 0 0 0 0
Treasury cash holdings 261 - 25 - 36 276
Deposits with F.R. Banks, other than reserve balances 244,826 - 13,555 + 232,461 248,424
U.S. Treasury, general account 29,767 - 18,450 + 25,002 40,294
U.S. Treasury, supplementary financing account 199,930 - 3 + 199,930 199,930
Foreign official 3,355 - 59 + 3,252 3,235
Service-related 4,615 - 504 - 2,564 4,615
Required clearing balances 4,615 - 504 - 2,561 4,615
Adjustments to compensate for float 0 0 - 3 0
Other 7,159 + 5,462 + 6,841 349
Other liabilities and capital (17) 58,898 + 1,265 + 14,907 58,778
Total factors, other than reserve balances,
absorbing reserve funds 1,283,028 - 15,155 + 351,903 1,287,601
Reserve balances with Federal Reserve Banks 807,371 + 60,603 + 796,256 805,051
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 19, 2009 Aug 12, 2009 Aug 20, 2008 Aug 19, 2009
Marketable securities held in custody for foreign
official and international accounts (1) 2,814,079 - 1,538 + 408,215 2,817,030
U.S. Treasury securities 2,029,642 - 2,753 + 598,788 2,032,043
Federal agency securities (2) 784,436 + 1,214 - 190,574 784,988
Securities lent to dealers 14,062 + 813 - 110,749 13,150
Overnight facility (3) 13,677 + 3,128 + 7,854 13,150
U.S. Treasury securities 13,474 + 3,101 + 7,651 12,984
Federal agency debt securities 202 + 26 + 202 166
Term facility (4) 386 - 2,314 - 118,603 0
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 19, 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 82,375 138,706 --- --- --- --- 221,081
Other loans (1) 22,972 7,826 0 75,494 0 --- 106,292
U.S. Treasury securities (2)
Holdings 15,418 21,958 58,903 306,425 200,217 133,166 736,086
Weekly changes - 10,807 + 9,294 - 5,669 + 11,005 + 7,563 - 4,273 + 7,112
Federal agency debt securities (3)
Holdings 0 750 14,921 70,801 23,444 1,871 111,787
Weekly changes 0 0 + 1,359 + 170 + 255 0 + 1,784
Mortgage-backed securities (4)
Holdings 0 0 0 0 0 609,531 609,531
Weekly changes 0 0 0 0 0 + 66,646 + 66,646
Commercial paper held by
Commercial Paper Funding
Facility LLC (5) 6,214 43,241 0 --- --- --- 49,455
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) 54,353 14,788 0 0 0 0 69,141
Reverse repurchase agreements (7) 68,369 0 --- --- --- --- 68,369
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 19, 2009
Mortgage-backed securities held outright (1) 609,531
Commitments to buy mortgage-backed securities (2) 132,770
Commitments to sell mortgage-backed securities (2) 1,430
Cash and cash equivalents (3) 1,351
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 19, 2009
Net portfolio holdings of Maiden Lane LLC (1) 25,982
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) 359
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3) 1,226
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 19, 2009
Net portfolio holdings of Maiden Lane II LLC (1) 14,841
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 16,899
Accrued interest payable to the Federal Reserve Bank of New York (2) 190
Deferred payment and accrued interest payable to subsidiaries of American International
Group, Inc. (3) 1,024
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 19, 2009
Net portfolio holdings of Maiden Lane III LLC (1) 20,875
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 20,196
Accrued interest payable to the Federal Reserve Bank of New York (2) 252
Outstanding principal amount and accrued interest on loan payable to American International
Group, Inc. (3) 5,132
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 19, 2009
Commercial paper holdings, net (1) 49,229
Other investments, net 4,513
Net portfolio holdings of Commercial Paper Funding Facility LLC 53,742
Memorandum: Commercial paper holdings, face value 49,455
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 49,128
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 19, 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 19, 2009 Aug 12, 2009 Aug 20, 2008
Assets
Gold certificate account 11,037 0 0
Special drawing rights certificate account 2,200 0 0
Coin 1,907 - 6 + 505
Securities, repurchase agreements, term auction
credit, and other loans 1,784,777 + 60,133 +1,035,926
Securities held outright (1) 1,457,405 + 75,543 + 977,867
U.S. Treasury securities 736,086 + 7,112 + 256,548
Bills (2) 18,423 0 - 3,317
Notes and bonds, nominal (2) 667,481 + 7,016 + 255,750
Notes and bonds, inflation-indexed (2) 44,588 0 + 4,756
Inflation compensation (3) 5,595 + 97 - 640
Federal agency debt securities (2) 111,787 + 1,784 + 111,787
Mortgage-backed securities (4) 609,531 + 66,646 + 609,531
Repurchase agreements (5) 0 0 - 100,750
Term auction credit 221,081 - 12,517 + 71,081
Other loans 106,292 - 2,892 + 87,729
Net portfolio holdings of Commercial Paper
Funding Facility LLC (6) 53,742 - 4,310 + 53,742
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) 25,982 - 6 - 3,225
Net portfolio holdings of Maiden Lane II LLC (9) 14,841 + 23 + 14,841
Net portfolio holdings of
Maiden Lane III LLC (10) 20,875 + 15 + 20,875
Items in process of collection (642) 371 - 91 - 567
Bank premises 2,217 + 3 + 54
Central bank liquidity swaps (11) 69,141 - 6,070 + 2,141
Other assets (12) 76,698 - 3,534 + 39,383
Total assets (642) 2,063,789 + 46,157 +1,163,676
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 19, 2009 Aug 12, 2009 Aug 20, 2008
Liabilities
Federal Reserve notes, net of F.R. Bank holdings 871,488 - 1,311 + 77,785
Reverse repurchase agreements (13) 68,369 + 699 + 24,763
Deposits (0) 1,062,614 + 45,201 +1,046,563
Depository institutions 818,806 + 41,780 + 808,343
U.S. Treasury, general account 40,294 + 4,536 + 35,117
U.S. Treasury, supplementary financing account 199,930 - 3 + 199,930
Foreign official 3,235 + 196 + 3,133
Other (0) 349 - 1,308 + 39
Deferred availability cash items (642) 2,538 + 7 - 94
Other liabilities and accrued dividends (14) 8,243 + 858 + 4,558
Total liabilities (642) 2,013,254 + 45,457 +1,153,576
Capital accounts
Capital paid in 24,657 + 54 + 4,468
Surplus 21,322 + 8 + 2,815
Other capital accounts 4,555 + 638 + 2,815
Total capital 50,535 + 701 + 10,099
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 19, 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 1,907 62 74 159 157 248 232 228 40 60 138 202 309
Securities, repurchase agreements, term
auction credit, and other loans 1,784,777 36,585 853,983 30,626 61,252 54,944 177,949 162,247 59,353 24,734 67,816 72,479 182,810
Securities held outright (1) 1,457,405 27,958 569,664 22,610 57,579 52,521 175,597 157,707 57,096 24,128 65,786 70,468 176,292
U.S. Treasury securities 736,086 14,120 287,718 11,420 29,081 26,526 88,688 79,652 28,837 12,186 33,226 35,591 89,039
Bills (2) 18,423 353 7,201 286 728 664 2,220 1,994 722 305 832 891 2,228
Notes and bonds (3) 717,664 13,767 280,517 11,134 28,353 25,862 86,469 77,659 28,115 11,881 32,395 34,700 86,811
Federal agency debt securities (2) 111,787 2,144 43,695 1,734 4,416 4,028 13,469 12,097 4,379 1,851 5,046 5,405 13,522
Mortgage-backed securities (4) 609,531 11,693 238,251 9,456 24,081 21,966 73,440 65,958 23,879 10,091 27,514 29,472 73,731
Repurchase agreements (5) 0 0 0 0 0 0 0 0 0 0 0 0 0
Term auction credit 221,081 8,324 181,676 7,961 3,665 1,904 2,025 3,421 2,187 438 2,029 1,871 5,580
Other loans 106,292 303 102,643 54 8 519 327 1,119 70 168 1 141 938
Net portfolio holdings of Commercial
Paper Funding Facility LLC (6) 53,742 0 53,742 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) 25,982 0 25,982 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of Maiden
Lane II LLC (9) 14,841 0 14,841 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of Maiden
Lane III LLC (10) 20,875 0 20,875 0 0 0 0 0 0 0 0 0 0
Items in process of collection 1,013 35 0 102 87 44 397 73 68 52 41 68 47
Bank premises 2,217 121 234 69 146 240 222 207 134 112 270 249 213
Central bank liquidity swaps (11) 69,141 2,810 17,662 7,705 5,165 19,902 5,364 2,341 698 1,080 692 902 4,822
Other assets (12) 76,698 2,028 26,860 3,591 3,881 9,136 8,062 6,321 2,276 1,261 2,562 2,817 7,902
Interdistrict settlement account 0 + 10,895 + 37,113 + 14,102 - 11,230 + 168,172 - 45,821 - 68,490 - 26,737 - 5,188 - 29,066 - 10,049 - 33,702
Total assets 2,064,431 53,063 1,056,135 56,885 60,031 253,715 147,928 104,050 36,231 22,338 42,855 67,386 163,816
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 19, 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 1,058,511 35,660 384,905 39,762 44,967 82,986 131,361 85,970 31,032 19,745 28,881 62,754 110,488
Less: Notes held by F.R. Banks 187,022 4,844 57,844 7,021 9,182 12,740 26,152 13,625 4,540 3,347 3,595 17,758 26,373
Federal Reserve notes, net 871,488 30,816 327,061 32,741 35,785 70,246 105,209 72,345 26,492 16,397 25,286 44,996 84,114
Reverse repurchase agreements (13) 68,369 1,312 26,724 1,061 2,701 2,464 8,238 7,398 2,678 1,132 3,086 3,306 8,270
Deposits 1,062,614 18,812 682,424 17,366 17,615 166,724 30,309 21,815 6,216 3,108 13,624 17,677 66,925
Depository institutions 818,806 18,806 438,783 17,361 17,611 166,613 30,306 21,805 6,199 3,107 13,622 17,676 66,916
U.S. Treasury, general account 40,294 0 40,294 0 0 0 0 0 0 0 0 0 0
U.S. Treasury, supplementary
financing account 199,930 0 199,930 0 0 0 0 0 0 0 0 0 0
Foreign official 3,235 2 3,206 4 3 11 3 1 0 1 0 1 3
Other 349 5 212 0 1 99 0 9 16 0 1 0 6
Deferred availability cash items 3,181 101 0 352 347 115 267 279 100 305 182 542 590
Other liabilities and accrued
dividends (14) 8,243 155 4,765 169 246 458 582 501 228 133 212 264 530
Total liabilities 2,013,896 51,195 1,040,975 51,689 56,695 240,007 144,604 102,337 35,713 21,076 42,390 66,785 160,429
Capital
Capital paid in 24,657 921 7,292 2,607 1,636 6,886 1,562 796 237 621 209 274 1,619
Surplus 21,322 844 5,852 2,316 1,552 5,982 1,612 704 209 324 208 271 1,449
Other capital 4,555 102 2,016 273 148 840 150 214 71 317 48 56 319
Total liabilities and capital 2,064,431 53,063 1,056,135 56,885 60,031 253,715 147,928 104,050 36,231 22,338 42,855 67,386 163,816
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 19, 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 19, 2009
Federal Reserve notes outstanding 1,058,511
Less: Notes held by F.R. Banks not subject to collateralization 187,022
Federal Reserve notes to be collateralized 871,488
Collateral held against Federal Reserve notes 871,488
Gold certificate account 11,037
Special drawing rights certificate account 2,200
U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 858,252
Other assets pledged 0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 1,457,405
Less: Face value of securities under reverse repurchase agreements 68,138
U.S. Treasury, agency debt, and mortgage-backed securities
eligible to be pledged 1,389,267
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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