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Release Date: August 27, 2009
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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 27, 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 26, 2009 Aug 19, 2009 Aug 27, 2008 Aug 26, 2009
Reserve Bank credit 2,048,863 + 14,161 +1,161,928 2,051,513
Securities held outright (1) 1,478,942 + 30,121 + 999,338 1,485,134
U.S. Treasury securities 740,488 + 9,449 + 260,884 744,878
Bills (2) 18,423 0 - 3,317 18,423
Notes and bonds, nominal (2) 671,822 + 9,352 + 260,091 676,176
Notes and bonds, inflation-indexed (2) 44,588 0 + 4,756 44,588
Inflation compensation (3) 5,656 + 97 - 645 5,691
Federal agency debt securities (2) 114,189 + 3,421 + 114,189 117,392
Mortgage-backed securities (4) 624,264 + 17,250 + 624,264 622,864
Repurchase agreements (5) 0 0 - 103,393 0
Term auction credit 221,081 0 + 71,081 221,081
Other loans 105,988 - 1,156 + 87,418 105,842
Primary credit 29,981 - 730 + 11,512 30,458
Secondary credit 624 - 86 + 624 595
Seasonal credit 123 + 5 + 23 119
Primary dealer and other broker-dealer credit (6) 0 0 0 0
Asset-Backed Commercial Paper Money Market
Mutual Fund Liquidity Facility 108 - 5 + 108 79
Credit extended to American International
Group, Inc., net (7) 39,310 + 111 + 39,310 39,153
Term Asset-Backed Securities Loan Facility 35,842 - 450 + 35,842 35,439
Other credit extensions 0 0 0 0
Net portfolio holdings of Commercial Paper
Funding Facility LLC (8) 52,086 - 4,426 + 52,086 48,997
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) 25,987 - 1 - 3,226 26,014
Net portfolio holdings of Maiden Lane II LLC (11) 14,855 + 33 + 14,855 14,943
Net portfolio holdings of Maiden Lane III LLC (12) 20,877 + 15 + 20,877 20,888
Float -1,642 + 243 - 429 -1,898
Central bank liquidity swaps (13) 60,210 - 8,931 - 6,790 60,210
Other Federal Reserve assets (14) 70,479 - 1,737 + 30,110 70,301
Gold stock 11,041 0 0 11,041
Special drawing rights certificate account 2,200 0 0 2,200
Treasury currency outstanding (15) 42,471 + 14 + 3,795 42,459
Total factors supplying reserve funds 2,104,575 + 14,175 +1,165,723 2,107,213
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 26, 2009 Aug 19, 2009 Aug 27, 2008 Aug 26, 2009
Currency in circulation (15) 909,937 - 958 + 80,481 910,702
Reverse repurchase agreements (16) 67,307 - 841 + 24,449 68,129
Foreign official and international accounts 67,307 - 841 + 24,449 68,129
Dealers 0 0 0 0
Treasury cash holdings 273 + 12 - 29 255
Deposits with F.R. Banks, other than reserve balances 234,484 - 10,342 + 222,049 221,105
U.S. Treasury, general account 26,273 - 3,494 + 21,445 12,828
U.S. Treasury, supplementary financing account 199,932 + 2 + 199,932 199,932
Foreign official 3,336 - 19 + 3,235 3,408
Service-related 4,617 + 2 - 2,558 4,617
Required clearing balances 4,615 0 - 2,560 4,615
Adjustments to compensate for float 2 + 2 + 2 2
Other 326 - 6,833 - 6 321
Other liabilities and capital (17) 59,456 + 558 + 14,852 58,825
Total factors, other than reserve balances,
absorbing reserve funds 1,271,457 - 11,571 + 341,802 1,259,017
Reserve balances with Federal Reserve Banks 833,117 + 25,745 + 823,920 848,196
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 26, 2009 Aug 19, 2009 Aug 27, 2008 Aug 26, 2009
Marketable securities held in custody for foreign
official and international accounts (1) 2,824,622 + 10,543 + 419,726 2,825,997
U.S. Treasury securities 2,043,203 + 13,561 + 608,905 2,044,310
Federal agency securities (2) 781,419 - 3,017 - 189,179 781,687
Securities lent to dealers 13,568 - 494 - 107,608 13,119
Overnight facility (3) 13,568 - 109 + 9,740 13,119
U.S. Treasury securities 13,375 - 99 + 9,547 12,916
Federal agency debt securities 193 - 9 + 193 203
Term facility (4) 0 - 386 - 117,348 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 26, 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 130,373 90,708 --- --- --- --- 221,081
Other loans (1) 19,165 12,085 0 74,592 0 --- 105,842
U.S. Treasury securities (2)
Holdings 19,285 18,091 58,914 312,547 200,238 135,804 744,878
Weekly changes + 3,867 - 3,867 + 11 + 6,122 + 21 + 2,638 + 8,792
Federal agency debt securities (3)
Holdings 0 750 15,630 75,697 23,444 1,871 117,392
Weekly changes 0 0 + 709 + 4,896 0 0 + 5,605
Mortgage-backed securities (4)
Holdings 0 0 0 0 0 622,864 622,864
Weekly changes 0 0 0 0 0 + 13,333 + 13,333
Commercial paper held by
Commercial Paper Funding
Facility LLC (5) 4,462 40,193 0 --- --- --- 44,655
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) 43,188 17,022 0 0 0 0 60,210
Reverse repurchase agreements (7) 68,129 0 --- --- --- --- 68,129
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 26, 2009
Mortgage-backed securities held outright (1) 622,864
Commitments to buy mortgage-backed securities (2) 140,390
Commitments to sell mortgage-backed securities (2) 0
Cash and cash equivalents (3) 584
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 26, 2009
Net portfolio holdings of Maiden Lane LLC (1) 26,014
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) 362
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3) 1,227
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 26, 2009
Net portfolio holdings of Maiden Lane II LLC (1) 14,943
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) 194
Deferred payment and accrued interest payable to subsidiaries of American International
Group, Inc. (3) 1,025
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 26, 2009
Net portfolio holdings of Maiden Lane III LLC (1) 20,888
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) 257
Outstanding principal amount and accrued interest on loan payable to American International
Group, Inc. (3) 5,135
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 26, 2009
Commercial paper holdings, net (1) 44,456
Other investments, net 4,541
Net portfolio holdings of Commercial Paper Funding Facility LLC 48,997
Memorandum: Commercial paper holdings, face value 44,655
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 44,358
Accrued interest payable to the Federal Reserve Bank of New York (2) 11
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 26, 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 26, 2009 Aug 19, 2009 Aug 27, 2008
Assets
Gold certificate account 11,037 0 0
Special drawing rights certificate account 2,200 0 0
Coin 1,915 + 8 + 500
Securities, repurchase agreements, term auction
credit, and other loans 1,812,057 + 27,280 +1,052,413
Securities held outright (1) 1,485,134 + 27,729 +1,005,492
U.S. Treasury securities 744,878 + 8,792 + 265,236
Bills (2) 18,423 0 - 3,317
Notes and bonds, nominal (2) 676,176 + 8,695 + 264,445
Notes and bonds, inflation-indexed (2) 44,588 0 + 4,756
Inflation compensation (3) 5,691 + 96 - 648
Federal agency debt securities (2) 117,392 + 5,605 + 117,392
Mortgage-backed securities (4) 622,864 + 13,333 + 622,864
Repurchase agreements (5) 0 0 - 111,000
Term auction credit 221,081 0 + 71,081
Other loans 105,842 - 450 + 86,840
Net portfolio holdings of Commercial Paper
Funding Facility LLC (6) 48,997 - 4,745 + 48,997
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) 26,014 + 32 - 3,233
Net portfolio holdings of Maiden Lane II LLC (9) 14,943 + 102 + 14,943
Net portfolio holdings of
Maiden Lane III LLC (10) 20,888 + 13 + 20,888
Items in process of collection (341) 449 + 78 - 477
Bank premises 2,219 + 2 + 53
Central bank liquidity swaps (11) 60,210 - 8,931 - 6,790
Other assets (12) 77,224 + 526 + 39,384
Total assets (341) 2,078,153 + 14,364 +1,166,678
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 26, 2009 Aug 19, 2009 Aug 27, 2008
Liabilities
Federal Reserve notes, net of F.R. Bank holdings 870,409 - 1,079 + 74,715
Reverse repurchase agreements (13) 68,129 - 240 + 24,361
Deposits (0) 1,078,444 + 15,830 +1,053,594
Depository institutions 861,955 + 43,149 + 842,578
U.S. Treasury, general account 12,828 - 27,466 + 7,839
U.S. Treasury, supplementary financing account 199,932 + 2 + 199,932
Foreign official 3,408 + 173 + 3,308
Other (0) 321 - 28 - 64
Deferred availability cash items (341) 2,346 - 192 - 268
Other liabilities and accrued dividends (14) 8,256 + 13 + 4,496
Total liabilities (341) 2,027,585 + 14,331 +1,156,899
Capital accounts
Capital paid in 24,782 + 125 + 4,593
Surplus 21,331 + 9 + 2,822
Other capital accounts 4,455 - 100 + 2,364
Total capital 50,568 + 33 + 9,779
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 26, 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 1,915 60 72 159 155 249 239 233 39 59 136 202 310
Securities, repurchase agreements, term
auction credit, and other loans 1,812,057 37,088 864,630 31,055 62,342 55,818 181,298 165,254 60,441 25,195 69,067 73,815 186,054
Securities held outright (1) 1,485,134 28,489 580,502 23,040 58,675 53,520 178,938 160,708 58,182 24,587 67,038 71,808 179,647
U.S. Treasury securities 744,878 14,289 291,155 11,556 29,429 26,843 89,748 80,604 29,181 12,332 33,623 36,016 90,103
Bills (2) 18,423 353 7,201 286 728 664 2,220 1,994 722 305 832 891 2,228
Notes and bonds (3) 726,456 13,936 283,954 11,270 28,701 26,179 87,528 78,610 28,460 12,027 32,792 35,125 87,874
Federal agency debt securities (2) 117,392 2,252 45,886 1,821 4,638 4,230 14,144 12,703 4,599 1,943 5,299 5,676 14,200
Mortgage-backed securities (4) 622,864 11,948 243,462 9,663 24,608 22,446 75,047 67,401 24,401 10,312 28,116 30,116 75,344
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 105,842 274 102,452 54 2 395 335 1,126 73 170 1 136 828
Net portfolio holdings of Commercial
Paper Funding Facility LLC (6) 48,997 0 48,997 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) 26,014 0 26,014 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of Maiden
Lane II LLC (9) 14,943 0 14,943 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of Maiden
Lane III LLC (10) 20,888 0 20,888 0 0 0 0 0 0 0 0 0 0
Items in process of collection 790 40 0 124 141 40 163 66 32 37 36 58 54
Bank premises 2,219 121 237 69 146 239 222 207 134 112 270 249 213
Central bank liquidity swaps (11) 60,210 2,446 15,400 6,706 4,496 17,324 4,669 2,038 607 940 602 785 4,197
Other assets (12) 77,224 2,030 27,050 3,695 3,890 9,112 8,134 6,382 2,272 1,264 2,586 2,841 7,967
Interdistrict settlement account 0 + 11,474 + 17,492 + 13,792 - 9,652 + 184,937 - 44,003 - 65,739 - 27,112 - 5,326 - 29,641 - 13,262 - 32,962
Total assets 2,078,494 53,786 1,040,493 56,133 62,091 268,747 152,244 109,564 36,814 22,507 43,457 65,408 167,249
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 26, 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 1,059,186 35,487 385,661 39,587 44,867 82,724 131,439 85,578 30,975 19,666 28,787 63,163 111,253
Less: Notes held by F.R. Banks 188,776 4,898 58,930 7,194 9,262 12,736 26,100 13,653 4,608 3,316 3,580 17,643 26,858
Federal Reserve notes, net 870,409 30,589 326,731 32,393 35,605 69,988 105,339 71,926 26,367 16,350 25,207 45,520 84,395
Reverse repurchase agreements (13) 68,129 1,307 26,630 1,057 2,692 2,455 8,209 7,372 2,669 1,128 3,075 3,294 8,241
Deposits 1,078,444 19,785 667,311 16,934 19,870 182,000 34,548 27,788 6,972 3,271 14,328 15,536 70,100
Depository institutions 861,955 19,783 450,976 16,930 19,866 181,894 34,545 27,779 6,958 3,270 14,326 15,535 70,092
U.S. Treasury, general account 12,828 0 12,828 0 0 0 0 0 0 0 0 0 0
U.S. Treasury, supplementary
financing account 199,932 0 199,932 0 0 0 0 0 0 0 0 0 0
Foreign official 3,408 2 3,379 4 3 11 3 1 0 1 0 1 3
Other 321 1 196 0 1 95 0 7 13 0 1 0 6
Deferred availability cash items 2,688 87 0 377 384 101 249 260 63 273 163 188 544
Other liabilities and accrued
dividends (14) 8,256 158 4,626 175 255 503 611 514 231 137 218 274 553
Total liabilities 2,027,926 51,927 1,025,299 50,935 58,806 255,047 148,956 107,859 36,301 21,159 42,990 64,811 163,834
Capital
Capital paid in 24,782 921 7,292 2,604 1,613 6,892 1,558 796 237 711 209 274 1,676
Surplus 21,331 844 5,860 2,316 1,552 5,982 1,612 704 209 324 208 271 1,449
Other capital 4,455 94 2,043 278 120 826 118 205 66 313 50 52 290
Total liabilities and capital 2,078,494 53,786 1,040,493 56,133 62,091 268,747 152,244 109,564 36,814 22,507 43,457 65,408 167,249
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 26, 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 26, 2009
Federal Reserve notes outstanding 1,059,186
Less: Notes held by F.R. Banks not subject to collateralization 188,776
Federal Reserve notes to be collateralized 870,409
Collateral held against Federal Reserve notes 870,409
Gold certificate account 11,037
Special drawing rights certificate account 2,200
U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 857,173
Other assets pledged 0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 1,485,134
Less: Face value of securities under reverse repurchase agreements 66,770
U.S. Treasury, agency debt, and mortgage-backed securities
eligible to be pledged 1,418,364
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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