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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
October 1, 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 Sep 30, 2009 Sep 23, 2009 Oct 1, 2008 Sep 30, 2009
Reserve Bank credit 2,120,175 - 12,435 + 729,035 2,123,224
Securities held outright (1) 1,588,374 + 9,506 +1,099,833 1,592,701
U.S. Treasury securities 766,128 + 3,381 + 289,516 769,160
Bills (2) 18,423 0 0 18,423
Notes and bonds, nominal (2) 697,430 + 3,400 + 285,699 700,468
Notes and bonds, inflation-indexed (2) 44,588 0 + 4,756 44,588
Inflation compensation (3) 5,688 - 18 - 939 5,681
Federal agency debt securities (2) 130,050 + 3,157 + 118,121 131,176
Mortgage-backed securities (4) 692,196 + 2,968 + 692,196 692,365
Repurchase agreements (5) 0 0 - 83,000 0
Term auction credit 178,379 - 17,641 + 29,236 178,379
Other loans 109,835 - 1,234 - 257,961 110,330
Primary credit 27,977 - 209 - 16,486 28,226
Secondary credit 503 - 74 + 217 463
Seasonal credit 117 - 4 + 43 111
Primary dealer and other broker-dealer credit (6) 0 0 - 147,692 0
Asset-Backed Commercial Paper Money Market
Mutual Fund Liquidity Facility 79 0 - 122,025 79
Credit extended to American International
Group, Inc., net (7) 38,306 - 804 - 14,870 38,743
Term Asset-Backed Securities Loan Facility 42,854 - 142 + 42,854 42,709
Other credit extensions 0 0 0 0
Net portfolio holdings of Commercial Paper
Funding Facility LLC (8) 41,928 - 892 + 41,928 41,029
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) 26,199 + 47 - 3,214 26,261
Net portfolio holdings of Maiden Lane II LLC (11) 14,675 + 24 + 14,675 14,751
Net portfolio holdings of Maiden Lane III LLC (12) 20,556 + 10 + 20,556 20,566
Float -1,811 - 56 - 587 -2,535
Central bank liquidity swaps (13) 56,756 - 2,365 - 176,342 56,756
Other Federal Reserve assets (14) 85,284 + 167 + 43,910 84,986
Gold stock 11,041 0 0 11,041
Special drawing rights certificate account 5,200 + 429 + 3,000 5,200
Treasury currency outstanding (15) 42,593 + 14 + 3,918 42,593
Total factors supplying reserve funds 2,179,009 - 11,992 + 735,953 2,182,058
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 Sep 30, 2009 Sep 23, 2009 Oct 1, 2008 Sep 30, 2009
Currency in circulation (15) 912,007 - 77 + 75,711 913,820
Reverse repurchase agreements (16) 69,764 + 728 - 18,145 68,913
Foreign official and international accounts 69,764 + 728 - 1,003 68,913
Dealers 0 0 - 17,143 0
Treasury cash holdings 288 + 9 + 19 293
Deposits with F.R. Banks, other than reserve balances 212,529 - 47,402 - 92,081 294,486
U.S. Treasury, general account 37,910 - 15,391 + 29,281 108,324
U.S. Treasury, supplementary financing account 164,945 - 34,987 - 101,136 164,945
Foreign official 2,270 - 181 + 2,137 1,913
Service-related 3,402 - 456 - 4,272 3,402
Required clearing balances 3,402 - 456 - 4,272 3,402
Adjustments to compensate for float 0 0 0 0
Other 4,002 + 3,613 - 18,091 15,902
Other liabilities and capital (17) 60,125 - 168 + 13,211 59,804
Total factors, other than reserve balances,
absorbing reserve funds 1,254,713 - 46,910 - 21,284 1,337,316
Reserve balances with Federal Reserve Banks 924,296 + 34,918 + 757,237 844,742
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
Sep 30, 2009 Sep 23, 2009 Oct 1, 2008 Sep 30, 2009
Marketable securities held in custody for foreign
official and international accounts (1) 2,854,940 + 583 + 389,289 2,856,427
U.S. Treasury securities 2,087,926 + 4,207 + 592,737 2,093,545
Federal agency securities (2) 767,015 - 3,623 - 203,447 762,881
Securities lent to dealers 9,046 - 2,458 - 246,755 12,847
Overnight facility (3) 9,046 - 2,458 - 13,190 12,847
U.S. Treasury securities 8,821 - 2,468 - 13,415 12,594
Federal agency debt securities 226 + 11 + 226 253
Term facility (4) 0 0 - 233,565 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, September 30, 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 47,768 130,612 --- --- --- --- 178,379
Other loans (1) 22,963 5,916 0 81,452 0 --- 110,330
U.S. Treasury securities (2)
Holdings 13,095 22,810 61,663 324,284 207,135 140,173 769,160
Weekly changes - 4,893 + 2,910 + 3,148 + 1,859 + 510 - 7 + 3,527
Federal agency debt securities (3)
Holdings 0 30 17,997 83,000 28,132 2,017 131,176
Weekly changes 0 0 0 0 + 1,970 0 + 1,970
Mortgage-backed securities (4)
Holdings 0 0 0 0 0 692,365 692,365
Weekly changes 0 0 0 0 0 - 1,230 - 1,230
Commercial paper held by
Commercial Paper Funding
Facility LLC (5) 1,000 35,815 0 --- --- --- 36,815
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) 45,949 10,807 0 0 0 0 56,756
Reverse repurchase agreements (7) 68,913 0 --- --- --- --- 68,913
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 Sep 30, 2009
Mortgage-backed securities held outright (1) 692,365
Commitments to buy mortgage-backed securities (2) 190,552
Commitments to sell mortgage-backed securities (2) 7,000
Cash and cash equivalents (3) 374
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 Sep 30, 2009
Net portfolio holdings of Maiden Lane LLC (1) 26,261
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) 376
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3) 1,233
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 Sep 30, 2009
Net portfolio holdings of Maiden Lane II LLC (1) 14,751
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 16,587
Accrued interest payable to the Federal Reserve Bank of New York (2) 215
Deferred payment and accrued interest payable to subsidiaries of American International
Group, Inc. (3) 1,028
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 Sep 30, 2009
Net portfolio holdings of Maiden Lane III LLC (1) 20,566
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 19,574
Accrued interest payable to the Federal Reserve Bank of New York (2) 281
Outstanding principal amount and accrued interest on loan payable to American International
Group, Inc. (3) 5,151
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 Sep 30, 2009
Commercial paper holdings, net (1) 36,439
Other investments, net 4,590
Net portfolio holdings of Commercial Paper Funding Facility LLC 41,029
Memorandum: Commercial paper holdings, face value 36,815
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 36,573
Accrued interest payable to the Federal Reserve Bank of New York (2) 16
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 Sep 30, 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 Sep 30, 2009 Sep 23, 2009 Oct 1, 2008
Assets
Gold certificate account 11,037 0 0
Special drawing rights certificate account 5,200 0 + 3,000
Coin 1,981 + 20 + 472
Securities, repurchase agreements, term auction
credit, and other loans 1,881,410 - 13,025 + 748,767
Securities held outright (1) 1,592,701 + 4,267 +1,101,580
U.S. Treasury securities 769,160 + 3,527 + 292,539
Bills (2) 18,423 0 0
Notes and bonds, nominal (2) 700,468 + 3,545 + 288,737
Notes and bonds, inflation-indexed (2) 44,588 0 + 4,756
Inflation compensation (3) 5,681 - 18 - 954
Federal agency debt securities (2) 131,176 + 1,970 + 116,676
Mortgage-backed securities (4) 692,365 - 1,230 + 692,365
Repurchase agreements (5) 0 0 - 83,000
Term auction credit 178,379 - 17,641 + 29,379
Other loans 110,330 + 349 - 299,192
Net portfolio holdings of Commercial Paper
Funding Facility LLC (6) 41,029 - 1,409 + 41,029
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) 26,261 + 72 - 3,186
Net portfolio holdings of Maiden Lane II LLC (9) 14,751 + 89 + 14,751
Net portfolio holdings of
Maiden Lane III LLC (10) 20,566 + 12 + 20,566
Items in process of collection (282) 239 - 381 - 1,040
Bank premises 2,234 + 11 + 67
Central bank liquidity swaps (11) 56,756 - 2,365 - 229,676
Other assets (12) 82,693 - 629 + 43,892
Total assets (282) 2,144,157 - 17,606 + 638,641
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 Sep 30, 2009 Sep 23, 2009 Oct 1, 2008
Liabilities
Federal Reserve notes, net of F.R. Bank holdings 873,497 + 1,179 + 69,518
Reverse repurchase agreements (13) 68,913 - 1,890 - 24,150
Deposits (0) 1,139,169 - 17,408 + 578,745
Depository institutions 848,085 - 54,959 + 668,794
U.S. Treasury, general account 108,324 + 57,417 + 103,046
U.S. Treasury, supplementary financing account 164,945 - 34,987 - 179,528
Foreign official 1,913 - 458 + 1,776
Other (0) 15,902 + 15,581 - 15,343
Deferred availability cash items (282) 2,773 + 238 + 4
Other liabilities and accrued dividends (14) 8,699 + 183 + 4,688
Total liabilities (282) 2,093,052 - 17,697 + 628,806
Capital accounts
Capital paid in 24,918 + 40 + 4,606
Surplus 21,373 + 9 + 2,853
Other capital accounts 4,814 + 43 + 2,376
Total capital 51,105 + 91 + 9,835
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, September 30, 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. 5,200 196 1,818 210 237 412 654 424 150 90 153 282 574
Coin 1,981 63 76 165 144 274 241 251 36 61 135 214 321
Securities, repurchase agreements, term
auction credit, and other loans 1,881,410 39,153 873,364 31,239 66,190 59,380 193,264 176,427 64,488 26,819 73,660 77,175 200,251
Securities held outright (1) 1,592,701 30,553 622,547 24,709 62,924 57,396 191,898 172,347 62,396 26,368 71,893 77,009 192,658
U.S. Treasury securities 769,160 14,755 300,646 11,933 30,388 27,718 92,673 83,231 30,133 12,734 34,719 37,190 93,040
Bills (2) 18,423 353 7,201 286 728 664 2,220 1,994 722 305 832 891 2,228
Notes and bonds (3) 750,737 14,401 293,445 11,647 29,660 27,054 90,453 81,238 29,411 12,429 33,888 36,299 90,812
Federal agency debt securities (2) 131,176 2,516 51,273 2,035 5,183 4,727 15,805 14,195 5,139 2,172 5,921 6,343 15,867
Mortgage-backed securities (4) 692,365 13,282 270,628 10,741 27,354 24,951 83,420 74,921 27,124 11,462 31,253 33,477 83,751
Repurchase agreements (5) 0 0 0 0 0 0 0 0 0 0 0 0 0
Term auction credit 178,379 8,377 143,480 6,238 3,224 1,882 1,144 3,015 1,951 292 1,747 155 6,875
Other loans 110,330 224 107,336 292 42 103 222 1,064 141 160 20 10 717
Net portfolio holdings of Commercial
Paper Funding Facility LLC (6) 41,029 0 41,029 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) 26,261 0 26,261 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of Maiden
Lane II LLC (9) 14,751 0 14,751 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of Maiden
Lane III LLC (10) 20,566 0 20,566 0 0 0 0 0 0 0 0 0 0
Items in process of collection 521 31 0 106 -48 41 90 41 44 35 84 60 37
Bank premises 2,234 121 251 70 146 238 222 207 134 111 269 254 212
Central bank liquidity swaps (11) 56,756 2,288 14,845 6,273 4,205 16,203 4,367 1,906 568 879 563 734 3,925
Other assets (12) 82,693 2,160 28,958 3,774 4,155 9,561 8,790 6,940 2,486 1,360 2,813 3,084 8,612
Interdistrict settlement account 0 + 21,812 + 95,774 + 18,187 - 21,477 + 127,608 - 58,305 - 65,938 - 31,506 - 6,910 - 30,197 - 11,689 - 37,358
Total assets 2,144,439 66,236 1,121,587 60,473 54,019 214,600 150,678 121,168 36,729 22,642 47,815 70,735 177,757
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, September 30, 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 1,063,038 35,108 389,723 39,209 44,753 82,213 132,194 85,362 30,906 19,590 28,527 63,020 112,432
Less: Notes held by F.R. Banks 189,541 4,972 60,970 7,064 9,104 12,134 26,601 13,985 4,570 3,266 3,490 16,150 27,236
Federal Reserve notes, net 873,497 30,136 328,753 32,146 35,649 70,079 105,593 71,377 26,336 16,324 25,038 46,870 85,196
Reverse repurchase agreements (13) 68,913 1,322 26,936 1,069 2,723 2,483 8,303 7,457 2,700 1,141 3,111 3,332 8,336
Deposits 1,139,169 32,576 745,781 21,381 11,475 127,287 32,657 40,070 6,866 3,293 18,742 19,437 79,604
Depository institutions 848,085 32,551 454,867 21,377 11,472 127,216 32,654 40,018 6,860 3,292 18,740 19,436 79,600
U.S. Treasury, general account 108,324 0 108,324 0 0 0 0 0 0 0 0 0 0
U.S. Treasury, supplementary
financing account 164,945 0 164,945 0 0 0 0 0 0 0 0 0 0
Foreign official 1,913 2 1,884 4 3 11 3 1 0 1 0 1 3
Other 15,902 23 15,762 0 0 59 0 51 5 0 1 0 0
Deferred availability cash items 3,056 173 0 448 409 109 269 231 74 305 242 212 585
Other liabilities and accrued
dividends (14) 8,699 165 5,032 188 261 569 589 504 233 136 211 271 541
Total liabilities 2,093,334 64,372 1,106,503 55,231 50,518 200,528 147,410 119,639 36,208 21,200 47,343 70,122 174,261
Capital
Capital paid in 24,918 924 7,298 2,616 1,840 7,002 1,499 623 240 711 209 280 1,675
Surplus 21,373 844 5,902 2,316 1,551 5,982 1,612 704 209 324 207 271 1,450
Other capital 4,814 96 1,884 309 110 1,088 157 203 72 407 56 61 371
Total liabilities and capital 2,144,439 66,236 1,121,587 60,473 54,019 214,600 150,678 121,168 36,729 22,642 47,815 70,735 177,757
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, September 30, 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
Sep 30, 2009
Federal Reserve notes outstanding 1,063,038
Less: Notes held by F.R. Banks not subject to collateralization 189,541
Federal Reserve notes to be collateralized 873,497
Collateral held against Federal Reserve notes 873,497
Gold certificate account 11,037
Special drawing rights certificate account 5,200
U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 857,260
Other assets pledged 0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 1,592,701
Less: Face value of securities under reverse repurchase agreements 68,742
U.S. Treasury, agency debt, and mortgage-backed securities
eligible to be pledged 1,523,959
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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