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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
December 31, 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 30, 2009 Dec 23, 2009 Dec 31, 2008 Dec 30, 2009
Reserve Bank credit 2,219,936 + 5,645 + 1,439 2,219,343
Securities held outright (1) 1,846,037 + 6,289 +1,349,810 1,844,722
U.S. Treasury securities 776,583 + 11 + 300,622 776,587
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) 5,869 + 11 - 106 5,873
Federal agency debt securities (2) 159,879 + 1,324 + 139,613 159,879
Mortgage-backed securities (4) 909,575 + 4,954 + 909,575 908,257
Repurchase agreements (5) 0 0 - 80,000 0
Term auction credit 75,918 0 - 374,301 75,918
Other loans 88,133 + 1,053 - 99,637 89,699
Primary credit 18,743 - 6 - 67,807 19,111
Secondary credit 956 - 4 + 938 980
Seasonal credit 39 + 2 + 35 44
Primary dealer and other broker-dealer credit (6) 0 0 - 38,476 0
Asset-Backed Commercial Paper Money Market
Mutual Fund Liquidity Facility 0 0 - 23,797 0
Credit extended to American International
Group, Inc., net (7) 20,771 + 486 - 18,153 22,033
Term Asset-Backed Securities Loan Facility, net (8) 47,624 + 575 + 47,624 47,532
Other credit extensions 0 0 0 0
Net portfolio holdings of Commercial Paper
Funding Facility LLC (9) 14,061 + 17 - 318,349 14,072
Net portfolio holdings of Maiden Lane LLC (10) 26,597 + 18 - 377 26,667
Net portfolio holdings of Maiden Lane II LLC (11) 15,598 + 20 - 4,461 15,697
Net portfolio holdings of Maiden Lane III LLC (12) 22,651 + 8 - 5,339 22,660
Net portfolio holdings of TALF LLC (13) 298 + 18 + 298 298
Preferred interests in AIA Aurora LLC and ALICO
Holdings LLC (14) 25,000 0 + 25,000 25,000
Float -1,822 - 238 - 957 -1,956
Central bank liquidity swaps (15) 10,272 - 1,800 - 542,885 10,272
Other Federal Reserve assets (16) 97,194 + 260 + 52,638 96,294
Gold stock 11,041 0 0 11,041
Special drawing rights certificate account 5,200 0 + 3,000 5,200
Treasury currency outstanding (17) 42,719 + 14 + 4,045 42,719
Total factors supplying reserve funds 2,278,896 + 5,659 + 8,484 2,278,303
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 30, 2009 Dec 23, 2009 Dec 31, 2008 Dec 30, 2009
Currency in circulation (17) 929,568 + 4,448 + 40,818 930,122
Reverse repurchase agreements (18) 65,714 + 4,671 - 18,728 70,450
Foreign official and international accounts 65,714 + 4,671 - 18,728 70,450
Dealers 0 0 0 0
Treasury cash holdings 232 + 3 - 18 232
Deposits with F.R. Banks, other than reserve balances 147,180 + 31,651 - 250,646 186,889
U.S. Treasury, general account 118,523 + 23,572 + 4,294 149,819
U.S. Treasury, supplementary financing account 11,428 - 3,572 - 252,172 5,001
Foreign official 2,340 + 396 + 1,835 2,269
Service-related 3,025 0 - 1,361 3,025
Required clearing balances 3,025 0 - 1,361 3,025
Adjustments to compensate for float 0 0 0 0
Other 11,863 + 11,254 - 3,243 26,774
Other liabilities and capital (19) 66,834 - 906 + 15,518 65,762
Total factors, other than reserve balances,
absorbing reserve funds 1,209,528 + 39,867 - 213,058 1,253,455
Reserve balances with Federal Reserve Banks 1,069,368 - 34,208 + 221,542 1,024,848
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 30, 2009 Dec 23, 2009 Dec 31, 2008 Dec 30, 2009
Marketable securities held in custody for foreign
official and international accounts (1) 2,955,294 - 2,420 + 438,831 2,959,151
U.S. Treasury securities 2,186,283 - 989 + 486,846 2,189,546
Federal agency securities (2) 769,012 - 1,430 - 48,014 769,605
Securities lent to dealers 9,314 + 821 - 170,348 15,236
Overnight facility (3) 9,314 + 821 + 2,823 15,236
U.S. Treasury securities 8,549 + 921 + 2,058 14,482
Federal agency debt securities 764 - 101 + 764 754
Term facility (4) 0 0 - 173,171 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 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 75,918 0 --- --- --- --- 75,918
Other loans (1) 15,663 4,471 0 69,565 0 --- 89,699
U.S. Treasury securities (2)
Holdings 18,138 21,837 49,801 329,287 212,771 144,752 776,587
Weekly changes + 2,156 - 2,156 + 1 + 3 + 2 + 4 + 11
Federal agency debt securities (3)
Holdings 0 3,114 21,528 99,402 33,788 2,047 159,879
Weekly changes 0 0 0 0 0 0 0
Mortgage-backed securities (4)
Holdings 0 0 0 0 0 908,257 908,257
Weekly changes 0 0 0 0 0 - 2,176 - 2,176
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) 10,272 0 0 0 0 0 10,272
Reverse repurchase agreements (7) 70,450 0 --- --- --- --- 70,450
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 30, 2009
Mortgage-backed securities held outright (1) 908,257
Commitments to buy mortgage-backed securities (2) 154,984
Commitments to sell mortgage-backed securities (2) 0
Cash and cash equivalents (3) 910
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 30, 2009
Net portfolio holdings of Maiden Lane LLC (1) 26,667
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) 413
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3) 1,248
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 30, 2009
Net portfolio holdings of Maiden Lane II LLC (1) 15,697
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) 265
Deferred payment and accrued interest payable to subsidiaries of American International
Group, Inc. (3) 1,037
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 30, 2009
Net portfolio holdings of Maiden Lane III LLC (1) 22,660
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) 340
Outstanding principal amount and accrued interest on loan payable to American International
Group, Inc. (3) 5,193
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 30, 2009
Commercial paper holdings, net (1) 9,248
Other investments, net 4,823
Net portfolio holdings of Commercial Paper Funding Facility LLC 14,072
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) 4
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 30, 2009
Asset-backed securities holdings (1) 0
Other investments, net 298
Net portfolio holdings of TALF LLC 298
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) 103
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 30, 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) 103
Preferred interests in AIA Aurora LLC (1) 16,000
Accrued dividends on preferred interests in AIA Aurora LLC (2) 66
Preferred interests in ALICO Holdings LLC (1) 9,000
Accrued dividends on preferred interests in ALICO Holdings LLC (2) 37
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 30, 2009 Dec 23, 2009 Dec 31, 2008
Assets
Gold certificate account 11,037 0 0
Special drawing rights certificate account 5,200 0 + 3,000
Coin 2,047 - 4 + 359
Securities, repurchase agreements, term auction
credit, and other loans 2,010,339 - 444 + 790,616
Securities held outright (1) 1,844,722 - 2,165 +1,349,093
U.S. Treasury securities 776,587 + 11 + 300,666
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) 5,873 + 11 - 63
Federal agency debt securities (2) 159,879 0 + 140,171
Mortgage-backed securities (4) 908,257 - 2,176 + 908,257
Repurchase agreements (5) 0 0 - 80,000
Term auction credit 75,918 0 - 374,301
Other loans 89,699 + 1,721 - 104,175
Net portfolio holdings of Commercial Paper
Funding Facility LLC (6) 14,072 + 17 - 320,030
Net portfolio holdings of Maiden Lane LLC (7) 26,667 + 82 - 356
Net portfolio holdings of Maiden Lane II LLC (8) 15,697 + 116 - 4,420
Net portfolio holdings of
Maiden Lane III LLC (9) 22,660 + 10 - 4,125
Net portfolio holdings of TALF LLC (10) 298 0 + 298
Preferred interests in AIA Aurora LLC and
ALICO Holdings LLC (11) 25,000 0 + 25,000
Items in process of collection (242) 277 - 96 - 702
Bank premises 2,249 + 4 + 55
Central bank liquidity swaps (12) 10,272 0 - 543,456
Other assets (13) 91,443 - 1,430 + 50,073
Total assets (242) 2,237,258 - 1,745 - 3,688
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 30, 2009 Dec 23, 2009 Dec 31, 2008
Liabilities
Federal Reserve notes, net of F.R. Bank holdings 889,678 + 893 + 36,510
Reverse repurchase agreements (14) 70,450 + 9,725 - 17,902
Deposits (0) 1,209,135 - 11,234 - 38,899
Depository institutions 1,025,271 - 57,249 + 165,271
U.S. Treasury, general account 149,819 + 30,380 + 43,696
U.S. Treasury, supplementary financing account 5,001 - 9,999 - 254,324
Foreign official 2,269 - 26 + 904
Other (0) 26,774 + 25,659 + 5,553
Deferred availability cash items (242) 2,233 - 227 - 238
Other liabilities and accrued dividends (15) 13,642 - 897 + 6,872
Total liabilities (242) 2,185,139 - 1,739 - 13,655
Capital accounts
Capital paid in 25,645 + 2 + 4,569
Surplus 21,482 + 9 + 406
Other capital accounts 4,993 - 15 + 4,993
Total capital 52,119 - 5 + 9,967
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 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 2,047 64 77 166 153 293 222 300 32 62 140 213 326
Securities, repurchase agreements, term
auction credit, and other loans 2,010,339 39,554 867,691 30,351 73,634 67,562 222,792 202,008 72,950 30,788 84,234 89,604 229,171
Securities held outright (1) 1,844,722 35,387 721,057 28,619 72,881 66,478 222,264 199,619 72,269 30,540 83,269 89,195 223,144
U.S. Treasury securities 776,587 14,897 303,549 12,048 30,681 27,986 93,568 84,035 30,424 12,857 35,054 37,549 93,938
Bills (2) 18,423 353 7,201 286 728 664 2,220 1,994 722 305 832 891 2,228
Notes and bonds (3) 758,164 14,544 296,348 11,762 29,954 27,322 91,348 82,042 29,702 12,552 34,223 36,658 91,710
Federal agency debt securities (2) 159,879 3,067 62,493 2,480 6,317 5,762 19,263 17,301 6,263 2,647 7,217 7,730 19,339
Mortgage-backed securities (4) 908,257 17,423 355,015 14,091 35,883 32,731 109,432 98,283 35,582 15,037 40,998 43,916 109,866
Repurchase agreements (5) 0 0 0 0 0 0 0 0 0 0 0 0 0
Term auction credit 75,918 4,052 58,254 1,613 751 995 363 1,934 593 214 941 390 5,818
Other loans 89,699 114 88,381 119 1 90 166 454 87 34 24 19 210
Net portfolio holdings of Commercial
Paper Funding Facility LLC (6) 14,072 0 14,072 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of Maiden Lane
LLC (7) 26,667 0 26,667 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of Maiden
Lane II LLC (8) 15,697 0 15,697 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of Maiden
Lane III LLC (9) 22,660 0 22,660 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of TALF LLC (10) 298 0 298 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 519 23 0 61 125 9 94 33 33 27 25 43 44
Bank premises 2,249 121 265 71 145 238 221 207 135 111 268 254 214
Central bank liquidity swaps (12) 10,272 411 2,733 1,128 756 2,915 785 343 102 158 101 132 706
Other assets (13) 91,443 2,310 32,631 3,863 4,468 9,705 9,835 7,897 2,825 1,501 3,213 3,516 9,681
Interdistrict settlement account 0 + 8,780 + 128,482 + 34,638 - 23,618 + 187,135 - 87,495 - 93,478 - 37,400 - 9,121 - 38,056 - 21,190 - 48,677
Total assets 2,237,500 51,871 1,141,985 70,937 56,368 269,151 148,464 118,645 39,155 23,813 50,413 73,476 193,221
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 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 1,081,206 35,851 398,485 38,633 44,940 82,472 136,062 85,536 31,087 19,368 28,793 63,059 116,921
Less: Notes held by F.R. Banks 191,528 3,508 71,680 5,545 7,434 9,888 32,448 11,934 4,028 2,577 2,986 13,533 25,968
Federal Reserve notes, net 889,678 32,343 326,805 33,087 37,506 72,584 103,614 73,603 27,059 16,791 25,807 49,526 90,954
Reverse repurchase agreements (14) 70,450 1,351 27,537 1,093 2,783 2,539 8,488 7,623 2,760 1,166 3,180 3,406 8,522
Deposits 1,209,135 15,999 763,264 30,913 11,496 179,268 31,986 35,103 8,440 3,820 20,563 19,266 89,017
Depository institutions 1,025,271 15,987 579,538 30,909 11,491 179,197 31,983 35,070 8,437 3,819 20,562 19,265 89,013
U.S. Treasury, general account 149,819 0 149,819 0 0 0 0 0 0 0 0 0 0
U.S. Treasury, supplementary
financing account 5,001 0 5,001 0 0 0 0 0 0 0 0 0 0
Foreign official 2,269 2 2,240 4 3 11 3 1 0 1 0 1 3
Other 26,774 10 26,666 0 1 60 0 32 3 0 1 0 1
Deferred availability cash items 2,475 67 0 247 377 88 247 192 82 419 112 169 474
Other liabilities and accrued
dividends (15) 13,642 204 8,804 261 350 691 804 675 288 177 283 351 754
Total liabilities 2,185,380 49,964 1,126,411 65,602 52,512 255,170 145,139 117,196 38,629 22,373 49,944 72,719 189,721
Capital
Capital paid in 25,645 944 7,442 2,802 1,910 7,140 1,581 624 240 712 210 353 1,687
Surplus 21,482 844 6,009 2,317 1,551 5,983 1,612 704 209 324 207 271 1,450
Other capital 4,993 118 2,124 217 394 858 132 121 77 404 51 133 363
Total liabilities and capital 2,237,500 51,871 1,141,985 70,937 56,368 269,151 148,464 118,645 39,155 23,813 50,413 73,476 193,221
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 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 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 30, 2009
Federal Reserve notes outstanding 1,081,206
Less: Notes held by F.R. Banks not subject to collateralization 191,528
Federal Reserve notes to be collateralized 889,678
Collateral held against Federal Reserve notes 889,678
Gold certificate account 11,037
Special drawing rights certificate account 5,200
U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 873,441
Other assets pledged 0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 1,844,722
Less: Face value of securities under reverse repurchase agreements 70,403
U.S. Treasury, agency debt, and mortgage-backed securities
eligible to be pledged 1,774,320
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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