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Release Date: December 17, 2009
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FEDERAL RESERVE statistical release
For Release at
4:30 P.M. EDT
June 12, 2014
Table 10 line items “Less: Face value of securities under reverse repurchase agreements” and “U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged” have been corrected to include securities pledged as collateral for tri-party reverse repurchase agreements.
The revised data are reported at the following link: http://www.federalreserve.gov/releases/h41/2014update.htm.
Historical data incorporating this correction can be accessed through the Data Download Program (DDP) at http://www.federalreserve.gov/datadownload/Choose.aspx?rel=H41.
FEDERAL RESERVE statistical release
H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
December 17, 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 Dec 16, 2009 Dec 9, 2009 Dec 17, 2008 Dec 16, 2009
Reserve Bank credit 2,190,568 + 22,764 - 35,220 2,218,036
Securities held outright (1) 1,807,332 + 21,044 +1,314,567 1,835,480
U.S. Treasury securities 776,561 + 11 + 300,383 776,565
Bills (2) 18,423 0 0 18,423
Notes and bonds, nominal (2) 707,649 0 + 297,158 707,649
Notes and bonds, inflation-indexed (2) 44,643 0 + 3,572 44,643
Inflation compensation (3) 5,847 + 11 - 345 5,851
Federal agency debt securities (2) 156,788 + 1,260 + 140,201 157,685
Mortgage-backed securities (4) 873,984 + 19,774 + 873,984 901,231
Repurchase agreements (5) 0 0 - 80,000 0
Term auction credit 85,832 0 - 362,127 85,832
Other loans 86,771 + 2,292 - 125,754 86,195
Primary credit 19,093 - 257 - 69,314 19,217
Secondary credit 212 + 181 + 209 255
Seasonal credit 36 + 4 + 34 38
Primary dealer and other broker-dealer credit (6) 0 0 - 50,493 0
Asset-Backed Commercial Paper Money Market
Mutual Fund Liquidity Facility 0 0 - 29,274 0
Credit extended to American International
Group, Inc., net (7) 20,648 - 135 - 23,699 19,933
Term Asset-Backed Securities Loan Facility, net (8) 46,782 + 2,498 + 46,782 46,752
Other credit extensions 0 0 0 0
Net portfolio holdings of Commercial Paper
Funding Facility LLC (9) 14,032 - 568 - 301,235 14,039
Net portfolio holdings of Maiden Lane LLC (10) 26,504 + 36 - 388 26,578
Net portfolio holdings of Maiden Lane II LLC (11) 15,572 - 36 - 1,947 15,578
Net portfolio holdings of Maiden Lane III LLC (12) 22,624 + 14 + 3,016 22,642
Net portfolio holdings of TALF LLC (13) 266 0 + 266 266
Preferred interests in AIA Aurora LLC and ALICO
Holdings LLC (14) 25,000 0 + 25,000 25,000
Float -1,853 + 291 - 817 -2,320
Central bank liquidity swaps (15) 14,492 - 2,015 - 557,272 14,492
Other Federal Reserve assets (16) 93,997 + 1,706 + 51,472 94,255
Gold stock 11,041 0 0 11,041
Special drawing rights certificate account 5,200 0 + 3,000 5,200
Treasury currency outstanding (17) 42,691 + 14 + 4,017 42,691
Total factors supplying reserve funds 2,249,500 + 22,778 - 28,203 2,276,968
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 Dec 16, 2009 Dec 9, 2009 Dec 17, 2008 Dec 16, 2009
Currency in circulation (17) 922,713 + 1,440 + 47,567 923,808
Reverse repurchase agreements (18) 57,229 - 558 - 35,971 57,547
Foreign official and international accounts 56,869 - 816 - 14,902 57,367
Dealers 360 + 257 - 21,069 180
Treasury cash holdings 220 - 7 - 7 228
Deposits with F.R. Banks, other than reserve balances 103,164 + 49,302 - 351,584 152,111
U.S. Treasury, general account 76,741 + 44,948 - 2,891 132,157
U.S. Treasury, supplementary financing account 15,000 + 1 - 349,177 15,000
Foreign official 1,524 - 910 + 1,286 1,440
Service-related 3,194 + 62 - 1,424 3,194
Required clearing balances 3,132 0 - 1,459 3,132
Adjustments to compensate for float 62 + 62 + 35 62
Other 6,706 + 5,202 + 623 321
Other liabilities and capital (19) 69,522 + 2,421 + 15,546 73,177
Total factors, other than reserve balances,
absorbing reserve funds 1,152,848 + 52,597 - 324,449 1,206,872
Reserve balances with Federal Reserve Banks 1,096,651 - 29,820 + 296,246 1,070,096
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. Includes credit extended by the Federal Reserve Bank of New York to eligible borrowers through the Term
Asset-Backed Securities Loan Facility, net of unamortized deferred administrative fees.
9. Refer to table 7 and the note on consolidation accompanying table 11.
10. Refer to table 4 and the note on consolidation accompanying table 11.
11. Refer to table 5 and the note on consolidation accompanying table 11.
12. Refer to table 6 and the note on consolidation accompanying table 11.
13. Refer to table 8 and the note on consolidation accompanying table 11.
14. Refer to table 9.
15. 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.
16. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates,
and accrued dividends on the Federal Reserve Bank of New York's preferred interests in AIA Aurora LLC and
ALICO Holdings LLC.
17. Estimated.
18. Cash value of agreements, which are collateralized by U.S. Treasury securities and federal agency debt
securities.
19. Includes the liabilities of Commercial Paper Funding Facility LLC, Maiden Lane LLC, Maiden Lane II LLC,
Maiden Lane III LLC, and TALF 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 11.
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
Dec 16, 2009 Dec 9, 2009 Dec 17, 2008 Dec 16, 2009
Marketable securities held in custody for foreign
official and international accounts (1) 2,948,502 + 4,859 + 450,297 2,959,211
U.S. Treasury securities 2,177,062 + 5,570 + 520,499 2,186,221
Federal agency securities (2) 771,441 - 710 - 70,201 772,990
Securities lent to dealers 8,894 + 557 - 178,252 8,300
Overnight facility (3) 8,894 + 557 + 3,322 8,300
U.S. Treasury securities 8,001 + 583 + 2,429 7,396
Federal agency debt securities 893 - 26 + 893 904
Term facility (4) 0 0 - 181,575 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, December 16, 2009
Millions of dollars
Remaining maturity Within 15 16 days to 91 days to Over 1 year Over 5 years Over 10 All
days 90 days 1 year to 5 years to 10 years years
Term auction credit 55,949 29,882 --- --- --- --- 85,832
Other loans (1) 15,022 4,488 0 66,685 0 --- 86,195
U.S. Treasury securities (2)
Holdings 19,502 20,473 49,799 329,281 212,766 144,743 776,565
Weekly changes + 6,966 - 6,488 + 85 - 742 + 115 + 74 + 11
Federal agency debt securities (3)
Holdings 0 2,868 21,350 97,854 33,566 2,047 157,685
Weekly changes - 30 + 1,277 - 983 + 1,276 0 0 + 1,540
Mortgage-backed securities (4)
Holdings 0 0 0 0 0 901,231 901,231
Weekly changes 0 0 0 0 0 + 46,918 + 46,918
Commercial paper held by
Commercial Paper Funding
Facility LLC (5) 0 9,440 0 --- --- --- 9,440
Asset-backed securities held by
TALF LLC (6) 0 0 0 0 0 0 0
Repurchase agreements (7) 0 0 --- --- --- --- 0
Central bank liquidity swaps (8) 10,265 4,227 0 0 0 0 14,492
Reverse repurchase agreements (7) 57,547 0 --- --- --- --- 57,547
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, Maiden
Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF 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 asset-backed securities held by TALF LLC, which is the remaining principal balance of the underlying assets.
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 Dec 16, 2009
Mortgage-backed securities held outright (1) 901,231
Commitments to buy mortgage-backed securities (2) 151,900
Commitments to sell mortgage-backed securities (2) 9,475
Cash and cash equivalents (3) 1,961
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 10 and table 11.
4. Information on Principal Accounts of Maiden Lane LLC
Millions of dollars
Wednesday
Account name Dec 16, 2009
Net portfolio holdings of Maiden Lane LLC (1) 26,578
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) 407
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3) 1,246
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 September 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 11.
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 10 and table 11.
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 Dec 16, 2009
Net portfolio holdings of Maiden Lane II LLC (1) 15,578
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 15,739
Accrued interest payable to the Federal Reserve Bank of New York (2) 258
Deferred payment and accrued interest payable to subsidiaries of American International
Group, Inc. (3) 1,035
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 September 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 11.
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 10 and table 11.
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 Dec 16, 2009
Net portfolio holdings of Maiden Lane III LLC (1) 22,642
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 18,159
Accrued interest payable to the Federal Reserve Bank of New York (2) 331
Outstanding principal amount and accrued interest on loan payable to American International
Group, Inc. (3) 5,186
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 September 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 11.
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 10 and table 11.
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 Dec 16, 2009
Commercial paper holdings, net (1) 9,218
Other investments, net 4,821
Net portfolio holdings of Commercial Paper Funding Facility LLC 14,039
Memorandum: Commercial paper holdings, face value 9,440
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 9,374
Accrued interest payable to the Federal Reserve Bank of New York (2) 3
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 11.
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 TALF LLC
Millions of dollars
Wednesday
Account name Dec 16, 2009
Asset-backed securities holdings (1) 0
Other investments, net 266
Net portfolio holdings of TALF LLC 266
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
Funding provided by U.S. Treasury to TALF LLC, including accrued interest payable (3) 102
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.
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 11.
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 10 and table 11.
Note: On November 25, 2008, the Federal Reserve announced the creation of the Term Asset-Backed Securities Loan
Facility (TALF) under the authority of section 13(3) of the Federal Reserve Act. The TALF is a facility under
which the Federal Reserve Bank of New York (FRBNY) extends loans with a term of up to five years to holders of
eligible asset-backed securities. The TALF is intended to assist financial markets in accommodating the credit
needs of consumers and businesses by facilitating the issuance of asset-backed securities collateralized by a
variety of consumer and business loans. The loans provided through the TALF to eligible borrowers are non-recourse,
meaning that the obligation of the borrower can be discharged by surrendering the collateral to the FRBNY. The
loans are extended for the market value of the security less an amount known as a haircut. As a result, the
borrower bears the initial risk of a decline in the value of the security.
TALF LLC is a limited liability company formed to purchase and manage any asset-backed securities received by
the FRBNY in connection with the decision of a borrower not to repay a TALF loan. TALF LLC has committed, for a
fee, to purchase all asset-backed securities received by the FRBNY in conjunction with a TALF loan at a price
equal to the TALF loan plus accrued but unpaid interest. Losses on asset-backed securities held by TALF LLC
will be offset in the following order: by the commitment fees collected by TALF LLC, by the interest received on
investments of TALF LLC, by up to $20 billion in subordinated debt funding provided by the U.S. Treasury, and
finally, by senior debt funding provided by the FRBNY. Payments by TALF LLC from the proceeds of its net portfolio
holdings will be made in the following order: operating expenses of TALF LLC, principal due to the FRBNY, principal
due to the U.S. Treasury, interest due to the FRBNY, and interest due to the U.S. Treasury. Any remaining funds
will be shared by the FRBNY and the U.S. Treasury.
9. Supplemental Information on the Federal Reserve Bank of New York's Preferred Interests in AIA Aurora LLC and
ALICO Holdings LLC
Millions of dollars
Wednesday
Account name Dec 16, 2009
Preferred interests in AIA Aurora LLC and ALICO Holdings LLC (1) 25,000
Accrued dividends on preferred interests in AIA Aurora LLC and ALICO Holdings LLC (2) 55
Preferred interests in AIA Aurora LLC (1) 16,000
Accrued dividends on preferred interests in AIA Aurora LLC (2) 35
Preferred interests in ALICO Holdings LLC (1) 9,000
Accrued dividends on preferred interests in ALICO Holdings LLC (2) 20
Note: Components may not sum to totals because of rounding.
1. Book value.
2. This amount is included in other Federal Reserve assets in table 1 and in other assets in table 10 and table 11.
Note on preferred interests:
In conjunction with the restructuring of the government's assistance to American
International Group, Inc. (AIG) announced March 2, 2009, the outstanding balance and amount available of revolving
credit provided to AIG by the FRBNY has been reduced in exchange for preferred interests in two special purpose
vehicles, AIA Aurora LLC and ALICO Holdings LLC. These two limited liability companies were created to directly or
indirectly hold all of the outstanding common stock of American International Assurance Company Ltd. (AIA) and
American Life Insurance Company (ALICO), two life insurance subsidiaries of AIG. AIG will retain control of AIA
Aurora LLC and ALICO Holdings LLC, and the FRBNY will have certain consent, disposition, and conversion rights with
respect to its preferred interests.
Dividends accrue as a percentage of the FRBNY's preferred interests in AIA Aurora LLC and ALICO Holdings LLC. On a
quarterly basis, the accrued dividends are capitalized and added to the FRBNY's preferred interests in AIA Aurora LLC
and ALICO Holdings LLC.
10. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of dollars
Eliminations Change since
from Wednesday Wednesday Wednesday
Assets, liabilities, and capital consolidation Dec 16, 2009 Dec 9, 2009 Dec 17, 2008
Assets
Gold certificate account 11,037 0 0
Special drawing rights certificate account 5,200 0 + 3,000
Coin 2,045 + 8 + 368
Securities, repurchase agreements, term auction
credit, and other loans 2,007,507 + 50,365 + 779,245
Securities held outright (1) 1,835,480 + 48,468 +1,341,721
U.S. Treasury securities 776,565 + 11 + 300,427
Bills (2) 18,423 0 0
Notes and bonds, nominal (2) 707,649 0 + 297,158
Notes and bonds, inflation-indexed (2) 44,643 0 + 3,572
Inflation compensation (3) 5,851 + 11 - 301
Federal agency debt securities (2) 157,685 + 1,540 + 140,064
Mortgage-backed securities (4) 901,231 + 46,918 + 901,231
Repurchase agreements (5) 0 0 - 80,000
Term auction credit 85,832 0 - 362,127
Other loans 86,195 + 1,897 - 120,349
Net portfolio holdings of Commercial Paper
Funding Facility LLC (6) 14,039 + 12 - 304,804
Net portfolio holdings of Maiden Lane LLC (7) 26,578 + 87 - 332
Net portfolio holdings of Maiden Lane II LLC (8) 15,578 + 7 - 4,453
Net portfolio holdings of
Maiden Lane III LLC (9) 22,642 + 21 + 2,986
Net portfolio holdings of TALF LLC (10) 266 0 + 266
Preferred interests in AIA Aurora LLC and
ALICO Holdings LLC (11) 25,000 0 + 25,000
Items in process of collection (272) 325 - 71 - 578
Bank premises 2,239 + 5 + 54
Central bank liquidity swaps (12) 14,492 - 2,013 - 568,643
Other assets (13) 92,021 + 961 + 50,373
Total assets (272) 2,238,968 + 49,382 - 17,519
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.
10. 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 Dec 16, 2009 Dec 9, 2009 Dec 17, 2008
Liabilities
Federal Reserve notes, net of F.R. Bank holdings 883,387 + 192 + 42,646
Reverse repurchase agreements (14) 57,547 + 1,031 - 14,381
Deposits (2) 1,222,213 + 41,099 - 64,664
Depository institutions 1,073,295 - 33,374 + 271,553
U.S. Treasury, general account 132,157 + 76,793 + 11,714
U.S. Treasury, supplementary financing account 15,000 + 1 - 349,177
Foreign official 1,440 - 876 + 1,250
Other (2) 321 - 1,445 - 4
Deferred availability cash items (271) 2,645 + 182 + 236
Other liabilities and accrued dividends (15) 20,927 + 6,780 + 11,699
Total liabilities (272) 2,186,718 + 49,283 - 24,465
Capital accounts
Capital paid in 25,637 + 12 + 4,567
Surplus 21,465 + 8 + 4,280
Other capital accounts 5,149 + 79 - 1,900
Total capital 52,251 + 99 + 6,947
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 11.
7. Refer to table 4 and the note on consolidation accompanying table 11.
8. Refer to table 5 and the note on consolidation accompanying table 11.
9. Refer to table 6 and the note on consolidation accompanying table 11.
10. Refer to table 8 and the note on consolidation accompanying table 11.
11. Refer to table 9.
12. 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.
13. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates,
and accrued dividends on the Federal Reserve Bank of New York's preferred interests in AIA Aurora LLC and
ALICO Holdings LLC.
14. Cash value of agreements, which are collateralized by U.S. Treasury securities and federal agency debt
securities.
15. Includes the liabilities of Commercial Paper Funding Facility LLC, Maiden Lane LLC, Maiden Lane II LLC,
Maiden Lane III LLC, and TALF 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 11.
11. Statement of Condition of Each Federal Reserve Bank, December 16, 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 2,045 65 77 165 151 291 225 297 34 62 138 216 324
Securities, repurchase agreements, term
auction credit, and other loans 2,007,507 42,666 861,708 33,579 74,344 67,444 221,543 201,122 73,046 30,700 83,817 89,303 228,234
Securities held outright (1) 1,835,480 35,210 717,444 28,476 72,516 66,145 221,150 198,619 71,907 30,387 82,852 88,748 222,026
U.S. Treasury securities 776,565 14,897 303,540 12,048 30,681 27,985 93,565 84,033 30,423 12,856 35,053 37,548 93,936
Bills (2) 18,423 353 7,201 286 728 664 2,220 1,994 722 305 832 891 2,228
Notes and bonds (3) 758,142 14,544 296,339 11,762 29,953 27,321 91,346 82,039 29,701 12,551 34,222 36,657 91,707
Federal agency debt securities (2) 157,685 3,025 61,635 2,446 6,230 5,682 18,999 17,063 6,177 2,611 7,118 7,624 19,074
Mortgage-backed securities (4) 901,231 17,288 352,269 13,982 35,606 32,478 108,586 97,523 35,307 14,920 40,681 43,576 109,016
Repurchase agreements (5) 0 0 0 0 0 0 0 0 0 0 0 0 0
Term auction credit 85,832 7,332 59,209 5,073 1,827 1,122 279 2,150 1,123 280 955 550 5,933
Other loans 86,195 124 85,055 30 1 177 115 354 16 33 10 5 276
Net portfolio holdings of Commercial
Paper Funding Facility LLC (6) 14,039 0 14,039 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of Maiden Lane
LLC (7) 26,578 0 26,578 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of Maiden
Lane II LLC (8) 15,578 0 15,578 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of Maiden
Lane III LLC (9) 22,642 0 22,642 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of TALF LLC (10) 266 0 266 0 0 0 0 0 0 0 0 0 0
Preferred interests in AIA Aurora LLC
and ALICO Holdings LLC (11) 25,000 0 25,000 0 0 0 0 0 0 0 0 0 0
Items in process of collection 597 27 0 97 133 14 66 38 39 31 38 48 67
Bank premises 2,239 121 260 70 145 237 222 206 135 111 268 252 213
Central bank liquidity swaps (12) 14,492 581 3,856 1,592 1,067 4,112 1,108 484 144 223 143 186 996
Other assets (13) 92,021 2,333 32,762 3,934 4,511 9,857 9,872 7,925 2,836 1,508 3,221 3,525 9,738
Interdistrict settlement account 0 + 18,270 + 40,781 + 25,125 - 19,986 + 213,445 - 73,434 - 90,835 - 34,776 - 8,993 - 32,684 - 22,206 - 14,706
Total assets 2,239,241 64,671 1,049,259 65,222 61,068 296,694 161,612 120,571 41,936 23,927 55,430 72,227 226,622
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.
11. Statement of Condition of Each Federal Reserve Bank, December 16, 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 1,082,029 35,955 398,708 38,700 45,063 82,736 135,792 85,696 30,641 19,405 28,826 63,311 117,195
Less: Notes held by F.R. Banks 198,643 4,075 72,567 6,279 8,284 10,782 31,686 12,906 4,326 2,787 3,056 14,130 27,764
Federal Reserve notes, net 883,387 31,879 326,141 32,421 36,779 71,954 104,106 72,790 26,315 16,619 25,770 49,181 89,431
Reverse repurchase agreements (14) 57,547 1,104 22,494 893 2,274 2,074 6,934 6,227 2,254 953 2,598 2,782 6,961
Deposits 1,222,214 29,370 673,432 25,867 17,089 207,515 45,231 38,387 12,156 4,291 25,808 18,616 124,453
Depository institutions 1,073,295 29,359 524,676 25,863 17,086 207,418 45,226 38,354 12,153 4,290 25,806 18,615 124,450
U.S. Treasury, general account 132,157 0 132,157 0 0 0 0 0 0 0 0 0 0
U.S. Treasury, supplementary
financing account 15,000 0 15,000 0 0 0 0 0 0 0 0 0 0
Foreign official 1,440 2 1,411 4 3 11 3 1 0 1 0 1 3
Other 323 10 189 0 1 85 2 32 3 0 1 0 1
Deferred availability cash items 2,915 79 0 302 444 117 335 231 101 330 162 186 627
Other liabilities and accrued
dividends (15) 20,927 344 11,699 365 635 928 1,669 1,465 576 295 618 700 1,633
Total liabilities 2,186,990 62,777 1,033,765 59,849 57,221 282,587 158,275 119,100 41,403 22,487 54,955 71,465 223,105
Capital
Capital paid in 25,637 944 7,440 2,800 1,910 7,136 1,581 623 240 712 210 353 1,687
Surplus 21,465 844 5,992 2,316 1,551 5,983 1,612 704 209 324 207 271 1,450
Other capital 5,149 105 2,061 257 386 988 144 144 84 405 57 138 380
Total liabilities and capital 2,239,241 64,671 1,049,259 65,222 61,068 296,694 161,612 120,571 41,936 23,927 55,430 72,227 226,622
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.
11. Statement of Condition of Each Federal Reserve Bank, December 16, 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 4 and the note on consolidation below.
8. Refer to table 5 and the note on consolidation below.
9. Refer to table 6 and the note on consolidation below.
10. Refer to table 8 and the note on consolidation below.
11. Refer to table 9.
12. 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.
13. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates, and accrued dividends on the Federal Reserve Bank of New York's
preferred interests in AIA Aurora LLC and ALICO Holdings LLC.
14. Cash value of agreements, which are collateralized by U.S. Treasury securities and federal agency debt securities.
15. Includes the liabilities of Commercial Paper Funding Facility LLC, Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF 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 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. On November 25, 2008, the Federal Reserve Board authorized the FRBNY to extend credit to TALF LLC, which was
formed to purchase and manage any asset-backed securities received by the FRBNY in connection with the decision of a borrower not to repay a loan extended under the Term Asset-Backed
Securities Loan Facility.
The FRBNY is the sole beneficiary of Commercial Paper Funding Facility LLC. The FRBNY is the primary beneficiary of TALF LLC, because of the two beneficiaries of the LLC, the FRBNY and the
U.S. Treasury, the FRBNY is primarily responsible for directing the financial activities of TALF LLC. The FRBNY is the primary beneficiary of the other LLCs cited above because it will receive
a majority of any residual returns of the LLCs and absorb a majority of any residual losses of the LLCs. 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 10), 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 10).
12. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts
Millions of dollars
Federal Reserve notes and collateral Wednesday
Dec 16, 2009
Federal Reserve notes outstanding 1,082,029
Less: Notes held by F.R. Banks not subject to collateralization 198,643
Federal Reserve notes to be collateralized 883,387
Collateral held against Federal Reserve notes 883,387
Gold certificate account 11,037
Special drawing rights certificate account 5,200
U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 867,150
Other assets pledged 0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 1,835,480
Less: Face value of securities under reverse repurchase agreements 56,986
U.S. Treasury, agency debt, and mortgage-backed securities
eligible to be pledged 1,778,495
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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