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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 8, 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 Oct 7, 2009 Sep 30, 2009 Oct 8, 2008 Oct 7, 2009
Reserve Bank credit 2,119,523 - 652 + 624,827 2,120,267
Securities held outright (1) 1,594,891 + 6,517 +1,103,949 1,595,287
U.S. Treasury securities 769,176 + 3,048 + 292,582 769,185
Bills (2) 18,423 0 0 18,423
Notes and bonds, nominal (2) 700,468 + 3,038 + 288,737 700,468
Notes and bonds, inflation-indexed (2) 44,588 0 + 4,756 44,588
Inflation compensation (3) 5,697 + 9 - 912 5,706
Federal agency debt securities (2) 133,435 + 3,385 + 119,088 133,811
Mortgage-backed securities (4) 692,281 + 85 + 692,281 692,291
Repurchase agreements (5) 0 0 - 81,143 0
Term auction credit 178,379 0 + 29,379 178,379
Other loans 110,536 + 701 - 309,624 111,204
Primary credit 27,898 - 79 - 47,112 28,582
Secondary credit 460 - 43 + 456 470
Seasonal credit 87 - 30 + 48 87
Primary dealer and other broker-dealer credit (6) 0 0 - 134,066 0
Asset-Backed Commercial Paper Money Market
Mutual Fund Liquidity Facility 79 0 - 145,811 79
Credit extended to American International
Group, Inc., net (7) 39,639 + 1,333 - 25,512 39,882
Term Asset-Backed Securities Loan Facility 42,374 - 480 + 42,374 42,104
Other credit extensions 0 0 0 0
Net portfolio holdings of Commercial Paper
Funding Facility LLC (8) 41,043 - 885 + 41,043 41,059
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) 26,267 + 68 - 3,185 26,304
Net portfolio holdings of Maiden Lane II LLC (11) 14,668 - 7 + 14,668 14,461
Net portfolio holdings of Maiden Lane III LLC (12) 20,432 - 124 + 20,432 20,166
Float -2,179 - 368 - 1,128 -2,626
Central bank liquidity swaps (13) 49,831 - 6,925 - 233,990 49,831
Other Federal Reserve assets (14) 85,655 + 371 + 44,426 86,204
Gold stock 11,041 0 0 11,041
Special drawing rights certificate account 5,200 0 + 3,000 5,200
Treasury currency outstanding (15) 42,607 + 14 + 3,932 42,607
Total factors supplying reserve funds 2,178,371 - 638 + 631,759 2,179,115
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 Oct 7, 2009 Sep 30, 2009 Oct 8, 2008 Oct 7, 2009
Currency in circulation (15) 914,286 + 2,279 + 69,867 916,445
Reverse repurchase agreements (16) 65,445 - 4,319 - 28,898 62,900
Foreign official and international accounts 65,445 - 4,319 - 11,041 62,900
Dealers 0 0 - 17,857 0
Treasury cash holdings 293 + 5 + 31 295
Deposits with F.R. Banks, other than reserve balances 179,371 - 33,158 - 262,779 176,630
U.S. Treasury, general account 41,579 + 3,669 + 33,669 31,005
U.S. Treasury, supplementary financing account 129,956 - 34,989 - 275,815 129,956
Foreign official 1,978 - 292 + 1,863 1,885
Service-related 3,400 - 2 - 4,316 3,400
Required clearing balances 3,396 - 6 - 4,320 3,396
Adjustments to compensate for float 4 + 4 + 4 4
Other 2,458 - 1,544 - 18,179 10,384
Other liabilities and capital (17) 60,112 - 13 + 14,395 59,648
Total factors, other than reserve balances,
absorbing reserve funds 1,219,507 - 35,206 - 207,385 1,215,919
Reserve balances with Federal Reserve Banks 958,864 + 34,568 + 839,143 963,196
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
Oct 7, 2009 Sep 30, 2009 Oct 8, 2008 Oct 7, 2009
Marketable securities held in custody for foreign
official and international accounts (1) 2,860,499 + 5,559 + 375,354 2,856,304
U.S. Treasury securities 2,097,657 + 9,731 + 569,839 2,092,911
Federal agency securities (2) 762,841 - 4,174 - 194,486 763,393
Securities lent to dealers 10,586 + 1,540 - 200,759 8,224
Overnight facility (3) 10,586 + 1,540 - 9,416 8,224
U.S. Treasury securities 10,110 + 1,289 - 9,892 7,920
Federal agency debt securities 476 + 250 + 476 304
Term facility (4) 0 0 - 191,343 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, October 7, 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 103,531 74,849 --- --- --- --- 178,379
Other loans (1) 23,417 5,801 0 81,986 0 --- 111,204
U.S. Treasury securities (2)
Holdings 15,251 24,151 58,169 324,291 207,140 140,183 769,185
Weekly changes + 2,156 + 1,341 - 3,494 + 7 + 5 + 10 + 25
Federal agency debt securities (3)
Holdings 0 30 17,997 84,541 29,226 2,017 133,811
Weekly changes 0 0 0 + 1,541 + 1,094 0 + 2,635
Mortgage-backed securities (4)
Holdings 0 0 0 0 0 692,291 692,291
Weekly changes 0 0 0 0 0 - 74 - 74
Commercial paper held by
Commercial Paper Funding
Facility LLC (5) 2,702 34,113 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) 43,265 6,566 0 0 0 0 49,831
Reverse repurchase agreements (7) 62,900 0 --- --- --- --- 62,900
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 Oct 7, 2009
Mortgage-backed securities held outright (1) 692,291
Commitments to buy mortgage-backed securities (2) 240,766
Commitments to sell mortgage-backed securities (2) 38,840
Cash and cash equivalents (3) 29
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 Oct 7, 2009
Net portfolio holdings of Maiden Lane LLC (1) 26,304
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) 379
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3) 1,234
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 Oct 7, 2009
Net portfolio holdings of Maiden Lane II LLC (1) 14,461
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 16,296
Accrued interest payable to the Federal Reserve Bank of New York (2) 219
Deferred payment and accrued interest payable to subsidiaries of American International
Group, Inc. (3) 1,029
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 Oct 7, 2009
Net portfolio holdings of Maiden Lane III LLC (1) 20,166
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 19,036
Accrued interest payable to the Federal Reserve Bank of New York (2) 286
Outstanding principal amount and accrued interest on loan payable to American International
Group, Inc. (3) 5,154
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 Oct 7, 2009
Commercial paper holdings, net (1) 36,468
Other investments, net 4,591
Net portfolio holdings of Commercial Paper Funding Facility LLC 41,059
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) 17
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 Oct 7, 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 Oct 7, 2009 Sep 30, 2009 Oct 8, 2008
Assets
Gold certificate account 11,037 0 0
Special drawing rights certificate account 5,200 0 + 3,000
Coin 1,990 + 9 + 468
Securities, repurchase agreements, term auction
credit, and other loans 1,884,870 + 3,460 + 714,320
Securities held outright (1) 1,595,287 + 2,586 +1,104,603
U.S. Treasury securities 769,185 + 25 + 292,606
Bills (2) 18,423 0 0
Notes and bonds, nominal (2) 700,468 0 + 288,737
Notes and bonds, inflation-indexed (2) 44,588 0 + 4,756
Inflation compensation (3) 5,706 + 25 - 887
Federal agency debt securities (2) 133,811 + 2,635 + 119,706
Mortgage-backed securities (4) 692,291 - 74 + 692,291
Repurchase agreements (5) 0 0 - 100,000
Term auction credit 178,379 0 + 29,379
Other loans 111,204 + 874 - 319,662
Net portfolio holdings of Commercial Paper
Funding Facility LLC (6) 41,059 + 30 + 41,059
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) 26,304 + 43 - 3,183
Net portfolio holdings of Maiden Lane II LLC (9) 14,461 - 290 + 14,461
Net portfolio holdings of
Maiden Lane III LLC (10) 20,166 - 400 + 20,166
Items in process of collection (502) 153 - 86 - 1,038
Bank premises 2,221 - 13 + 51
Central bank liquidity swaps (11) 49,831 - 6,925 - 285,353
Other assets (12) 83,924 + 1,231 + 44,165
Total assets (502) 2,141,215 - 2,942 + 548,116
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 Oct 7, 2009 Sep 30, 2009 Oct 8, 2008
Liabilities
Federal Reserve notes, net of F.R. Bank holdings 876,120 + 2,623 + 64,428
Reverse repurchase agreements (13) 62,900 - 6,013 - 14,449
Deposits (0) 1,139,768 + 599 + 484,542
Depository institutions 966,537 + 118,452 + 783,223
U.S. Treasury, general account 31,005 - 77,319 + 25,461
U.S. Treasury, supplementary financing account 129,956 - 34,989 - 329,290
Foreign official 1,885 - 28 + 1,784
Other (0) 10,384 - 5,518 + 3,363
Deferred availability cash items (502) 2,780 + 7 + 44
Other liabilities and accrued dividends (14) 8,561 - 138 + 4,452
Total liabilities (502) 2,090,128 - 2,924 + 539,016
Capital accounts
Capital paid in 24,889 - 29 + 4,577
Surplus 21,381 + 8 + 2,858
Other capital accounts 4,817 + 3 + 1,664
Total capital 51,087 - 18 + 9,099
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, October 7, 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 1,990 64 76 166 144 273 242 260 36 60 135 211 323
Securities, repurchase agreements, term
auction credit, and other loans 1,884,870 39,200 875,793 31,096 66,255 59,477 193,542 176,636 64,534 26,827 73,768 77,296 200,445
Securities held outright (1) 1,595,287 30,603 623,558 24,749 63,027 57,489 192,210 172,627 62,497 26,411 72,010 77,134 192,971
U.S. Treasury securities 769,185 14,755 300,656 11,933 30,389 27,719 92,676 83,234 30,134 12,734 34,720 37,191 93,043
Bills (2) 18,423 353 7,201 286 728 664 2,220 1,994 722 305 832 891 2,228
Notes and bonds (3) 750,762 14,402 293,455 11,647 29,661 27,055 90,457 81,241 29,412 12,429 33,889 36,300 90,815
Federal agency debt securities (2) 133,811 2,567 52,303 2,076 5,287 4,822 16,122 14,480 5,242 2,215 6,040 6,470 16,186
Mortgage-backed securities (4) 692,291 13,280 270,599 10,740 27,351 24,948 83,411 74,913 27,121 11,461 31,249 33,473 83,742
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 111,204 220 108,755 109 5 106 188 993 86 125 11 7 599
Net portfolio holdings of Commercial
Paper Funding Facility LLC (6) 41,059 0 41,059 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) 26,304 0 26,304 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of Maiden
Lane II LLC (9) 14,461 0 14,461 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of Maiden
Lane III LLC (10) 20,166 0 20,166 0 0 0 0 0 0 0 0 0 0
Items in process of collection 655 31 0 137 118 52 18 39 91 34 32 52 52
Bank premises 2,221 121 243 69 146 239 222 206 134 111 269 251 212
Central bank liquidity swaps (11) 49,831 2,032 12,607 5,571 3,735 14,391 3,878 1,693 505 781 500 652 3,486
Other assets (12) 83,924 2,189 29,436 3,801 4,210 9,664 8,929 7,050 2,526 1,383 2,858 3,135 8,744
Interdistrict settlement account 0 + 11,596 + 41,648 + 18,667 - 13,217 + 195,279 - 52,252 - 76,582 - 30,454 - 6,762 - 29,872 - 13,284 - 44,765
Total assets 2,141,717 55,840 1,067,505 60,167 62,095 280,667 156,588 110,636 37,851 22,720 48,178 69,216 170,252
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, October 7, 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 1,064,105 35,153 391,150 39,269 44,816 82,119 131,912 85,560 30,863 19,571 28,523 62,909 112,260
Less: Notes held by F.R. Banks 187,985 4,917 61,680 7,025 8,925 11,866 26,193 14,046 4,500 3,204 3,396 15,516 26,718
Federal Reserve notes, net 876,120 30,237 329,470 32,244 35,890 70,253 105,718 71,514 26,363 16,367 25,127 47,393 85,542
Reverse repurchase agreements (13) 62,900 1,207 24,586 976 2,485 2,267 7,579 6,806 2,464 1,041 2,839 3,041 7,609
Deposits 1,139,768 22,259 693,473 20,959 19,544 193,350 39,141 30,145 8,151 3,442 19,332 17,535 72,436
Depository institutions 966,537 22,255 520,480 20,954 19,541 193,185 39,137 30,098 8,146 3,442 19,331 17,535 72,433
U.S. Treasury, general account 31,005 0 31,005 0 0 0 0 0 0 0 0 0 0
U.S. Treasury, supplementary
financing account 129,956 0 129,956 0 0 0 0 0 0 0 0 0 0
Foreign official 1,885 2 1,856 4 3 11 3 1 0 1 0 1 3
Other 10,384 2 10,175 1 0 154 0 46 5 0 1 0 0
Deferred availability cash items 3,282 97 0 537 403 147 299 212 116 287 198 358 627
Other liabilities and accrued
dividends (14) 8,561 169 4,805 191 264 607 603 508 233 141 214 273 553
Total liabilities 2,090,630 53,968 1,052,334 54,907 58,586 266,624 153,339 109,186 37,327 21,279 47,711 68,601 166,766
Capital
Capital paid in 24,889 925 7,316 2,617 1,791 7,002 1,499 623 239 711 209 281 1,676
Surplus 21,381 844 5,910 2,316 1,551 5,982 1,612 704 209 324 207 271 1,450
Other capital 4,817 104 1,945 327 166 1,059 138 123 76 406 50 62 361
Total liabilities and capital 2,141,717 55,840 1,067,505 60,167 62,095 280,667 156,588 110,636 37,851 22,720 48,178 69,216 170,252
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, October 7, 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
Oct 7, 2009
Federal Reserve notes outstanding 1,064,105
Less: Notes held by F.R. Banks not subject to collateralization 187,985
Federal Reserve notes to be collateralized 876,120
Collateral held against Federal Reserve notes 876,120
Gold certificate account 11,037
Special drawing rights certificate account 5,200
U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 859,883
Other assets pledged 0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 1,595,287
Less: Face value of securities under reverse repurchase agreements 62,191
U.S. Treasury, agency debt, and mortgage-backed securities
eligible to be pledged 1,533,095
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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