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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
January 7, 2010
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 Jan 6, 2010 Dec 30, 2009 Jan 7, 2009 Jan 6, 2010
Reserve Bank credit 2,216,366 - 3,570 + 58,419 2,216,446
Securities held outright (1) 1,844,953 - 1,084 +1,349,570 1,845,211
U.S. Treasury securities 776,591 + 8 + 300,794 776,595
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) 5,877 + 8 + 66 5,881
Federal agency debt securities (2) 159,879 0 + 140,292 159,879
Mortgage-backed securities (4) 908,483 - 1,092 + 908,483 908,737
Repurchase agreements (5) 0 0 - 77,143 0
Term auction credit 75,918 0 - 330,887 75,918
Other loans 90,127 + 1,994 - 95,674 89,821
Primary credit 19,453 + 710 - 68,482 19,143
Secondary credit 954 - 2 + 938 931
Seasonal credit 21 - 18 + 19 0
Primary dealer and other broker-dealer credit (6) 0 0 - 35,977 0
Asset-Backed Commercial Paper Money Market
Mutual Fund Liquidity Facility 0 0 - 22,868 0
Credit extended to American International
Group, Inc., net (7) 22,166 + 1,395 - 16,837 22,215
Term Asset-Backed Securities Loan Facility, net (8) 47,532 - 92 + 47,532 47,533
Other credit extensions 0 0 0 0
Net portfolio holdings of Commercial Paper
Funding Facility LLC (9) 14,067 + 6 - 320,205 14,076
Net portfolio holdings of Maiden Lane LLC (10) 26,706 + 109 - 322 26,736
Net portfolio holdings of Maiden Lane II LLC (11) 15,660 + 62 - 4,411 15,662
Net portfolio holdings of Maiden Lane III LLC (12) 22,674 + 23 - 4,124 22,757
Net portfolio holdings of TALF LLC (13) 298 0 + 298 298
Preferred interests in AIA Aurora LLC and ALICO
Holdings LLC (14) 25,106 + 106 + 25,106 25,106
Float -2,282 - 460 - 818 -3,012
Central bank liquidity swaps (15) 10,272 0 - 532,819 10,272
Other Federal Reserve assets (16) 92,868 - 4,326 + 49,849 93,601
Gold stock 11,041 0 0 11,041
Special drawing rights certificate account 5,200 0 + 3,000 5,200
Treasury currency outstanding (17) 42,733 + 14 + 2,146 42,733
Total factors supplying reserve funds 2,275,340 - 3,556 + 63,565 2,275,419
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 Jan 6, 2010 Dec 30, 2009 Jan 7, 2009 Jan 6, 2010
Currency in circulation (17) 927,306 - 2,261 + 37,889 924,869
Reverse repurchase agreements (18) 75,101 + 9,387 - 13,567 67,572
Foreign official and international accounts 75,101 + 9,387 - 13,567 67,572
Dealers 0 0 0 0
Treasury cash holdings 241 + 8 - 19 252
Deposits with F.R. Banks, other than reserve balances 215,111 + 67,931 - 91,093 197,187
U.S. Treasury, general account 178,343 + 59,820 + 112,206 166,555
U.S. Treasury, supplementary financing account 5,001 - 6,427 - 224,402 5,001
Foreign official 2,612 + 272 + 1,040 3,149
Service-related 3,021 - 4 - 1,371 3,021
Required clearing balances 3,021 - 4 - 1,369 3,021
Adjustments to compensate for float 0 0 - 2 0
Other 26,134 + 14,271 + 21,434 19,461
Other liabilities and capital (19) 63,468 - 3,366 + 14,402 64,081
Total factors, other than reserve balances,
absorbing reserve funds 1,281,227 + 71,699 - 52,388 1,253,962
Reserve balances with Federal Reserve Banks 994,113 - 75,255 + 115,953 1,021,458
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
Jan 6, 2010 Dec 30, 2009 Jan 7, 2009 Jan 6, 2010
Marketable securities held in custody for foreign
official and international accounts (1) 2,961,643 + 6,349 + 437,134 2,953,229
U.S. Treasury securities 2,195,244 + 8,961 + 484,798 2,187,286
Federal agency securities (2) 766,399 - 2,613 - 47,663 765,943
Securities lent to dealers 17,594 + 8,280 - 152,045 13,267
Overnight facility (3) 17,594 + 8,280 + 9,055 13,267
U.S. Treasury securities 16,626 + 8,077 + 8,087 12,585
Federal agency debt securities 968 + 204 + 968 682
Term facility (4) 0 0 - 161,100 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, January 6, 2010
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) 15,681 4,392 0 69,748 0 --- 89,821
U.S. Treasury securities (2)
Holdings 15,399 25,071 50,772 326,876 213,721 144,756 776,595
Weekly changes - 2,739 + 3,234 + 971 - 2,411 + 950 + 4 + 8
Federal agency debt securities (3)
Holdings 68 3,046 21,528 99,402 33,788 2,047 159,879
Weekly changes + 68 - 68 0 0 0 0 0
Mortgage-backed securities (4)
Holdings 0 0 0 0 0 908,737 908,737
Weekly changes 0 0 0 0 0 + 480 + 480
Commercial paper held by
Commercial Paper Funding
Facility LLC (5) 1,000 8,440 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) 67,572 0 --- --- --- --- 67,572
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 Jan 6, 2010
Mortgage-backed securities held outright (1) 908,737
Commitments to buy mortgage-backed securities (2) 168,991
Commitments to sell mortgage-backed securities (2) 2,500
Cash and cash equivalents (3) 369
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 Jan 6, 2010
Net portfolio holdings of Maiden Lane LLC (1) 26,736
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) 415
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3) 1,249
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 Jan 6, 2010
Net portfolio holdings of Maiden Lane II LLC (1) 15,662
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) 269
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 Jan 6, 2010
Net portfolio holdings of Maiden Lane III LLC (1) 22,757
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) 344
Outstanding principal amount and accrued interest on loan payable to American International
Group, Inc. (3) 5,196
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 Jan 6, 2010
Commercial paper holdings, net (1) 9,263
Other investments, net 4,813
Net portfolio holdings of Commercial Paper Funding Facility LLC 14,076
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) 5
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 Jan 6, 2010
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 Jan 6, 2010
Preferred interests in AIA Aurora LLC and ALICO Holdings LLC (1) 25,106
Accrued dividends on preferred interests in AIA Aurora LLC and ALICO Holdings LLC (2) 21
Preferred interests in AIA Aurora LLC (1) 16,068
Accrued dividends on preferred interests in AIA Aurora LLC (2) 13
Preferred interests in ALICO Holdings LLC (1) 9,038
Accrued dividends on preferred interests in ALICO Holdings LLC (2) 7
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 Jan 6, 2010 Dec 30, 2009 Jan 7, 2009
Assets
Gold certificate account 11,037 0 0
Special drawing rights certificate account 5,200 0 + 3,000
Coin 2,064 + 17 + 360
Securities, repurchase agreements, term auction
credit, and other loans 2,010,949 + 610 + 893,665
Securities held outright (1) 1,845,211 + 489 +1,350,235
U.S. Treasury securities 776,595 + 8 + 300,877
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) 5,881 + 8 + 149
Federal agency debt securities (2) 159,879 0 + 140,621
Mortgage-backed securities (4) 908,737 + 480 + 908,737
Repurchase agreements (5) 0 0 - 60,000
Term auction credit 75,918 0 - 308,113
Other loans 89,821 + 122 - 88,456
Net portfolio holdings of Commercial Paper
Funding Facility LLC (6) 14,076 + 4 - 320,333
Net portfolio holdings of Maiden Lane LLC (7) 26,736 + 69 - 325
Net portfolio holdings of Maiden Lane II LLC (8) 15,662 - 35 - 4,132
Net portfolio holdings of
Maiden Lane III LLC (9) 22,757 + 97 - 4,124
Net portfolio holdings of TALF LLC (10) 298 0 + 298
Preferred interests in AIA Aurora LLC and
ALICO Holdings LLC (11) 25,106 + 106 + 25,106
Items in process of collection (366) 722 + 445 - 767
Bank premises 2,240 - 9 + 58
Central bank liquidity swaps (12) 10,272 0 - 527,890
Other assets (13) 91,380 - 63 + 50,662
Total assets (366) 2,238,499 + 1,241 + 115,580
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 Jan 6, 2010 Dec 30, 2009 Jan 7, 2009
Liabilities
Federal Reserve notes, net of F.R. Bank holdings 884,449 - 5,229 + 36,493
Reverse repurchase agreements (14) 67,572 - 2,878 - 21,341
Deposits (0) 1,218,664 + 9,529 + 84,974
Depository institutions 1,024,498 - 773 + 178,358
U.S. Treasury, general account 166,555 + 16,736 + 103,869
U.S. Treasury, supplementary financing account 5,001 0 - 219,415
Foreign official 3,149 + 880 + 2,955
Other (0) 19,461 - 7,313 + 19,207
Deferred availability cash items (366) 3,733 + 1,500 + 524
Other liabilities and accrued dividends (15) 11,933 - 1,709 + 5,112
Total liabilities (366) 2,186,351 + 1,212 + 105,762
Capital accounts
Capital paid in 25,651 + 6 + 4,574
Surplus 25,166 + 3,684 + 4,360
Other capital accounts 1,330 - 3,663 + 883
Total capital 52,148 + 29 + 9,818
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, January 6, 2010
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 2,064 65 77 169 155 294 217 305 33 63 141 216 329
Securities, repurchase agreements, term
auction credit, and other loans 2,010,949 39,567 868,076 30,380 73,652 67,788 222,792 201,989 72,896 30,783 84,243 89,609 229,173
Securities held outright (1) 1,845,211 35,397 721,247 28,627 72,901 66,496 222,322 199,672 72,288 30,548 83,291 89,219 223,203
U.S. Treasury securities 776,595 14,897 303,552 12,048 30,682 27,986 93,569 84,036 30,424 12,857 35,055 37,549 93,939
Bills (2) 18,423 353 7,201 286 728 664 2,220 1,994 722 305 832 891 2,228
Notes and bonds (3) 758,172 14,544 296,351 11,762 29,954 27,322 91,349 82,042 29,702 12,552 34,223 36,659 91,711
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) 908,737 17,432 355,203 14,098 35,902 32,748 109,490 98,335 35,601 15,044 41,020 43,939 109,924
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 89,821 119 88,575 141 0 298 107 383 14 21 11 0 153
Net portfolio holdings of Commercial
Paper Funding Facility LLC (6) 14,076 0 14,076 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of Maiden Lane
LLC (7) 26,736 0 26,736 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of Maiden
Lane II LLC (8) 15,662 0 15,662 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of Maiden
Lane III LLC (9) 22,757 0 22,757 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) 25,106 0 25,106 0 0 0 0 0 0 0 0 0 0
Items in process of collection 1,087 34 0 130 321 13 290 50 41 62 33 48 67
Bank premises 2,240 121 262 71 144 238 221 205 135 111 268 253 213
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) 91,380 2,312 32,449 3,871 4,475 9,739 9,854 7,911 2,838 1,502 3,219 3,520 9,689
Interdistrict settlement account 0 + 5,477 + 138,481 + 37,212 - 23,133 + 175,603 - 86,385 - 93,102 - 34,897 - 9,201 - 33,769 - 25,607 - 50,677
Total assets 2,238,865 48,595 1,152,425 73,621 57,074 257,883 149,785 119,037 41,626 23,765 54,723 69,075 191,256
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, January 6, 2010 (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 1,081,371 35,829 398,206 38,561 44,883 82,490 136,158 85,467 31,829 19,363 28,852 63,037 116,695
Less: Notes held by F.R. Banks 196,922 3,925 72,710 5,615 7,811 10,316 33,073 12,454 4,233 2,652 3,148 13,879 27,105
Federal Reserve notes, net 884,449 31,904 325,497 32,946 37,072 72,175 103,085 73,012 27,596 16,710 25,705 49,158 89,590
Reverse repurchase agreements (14) 67,572 1,296 26,412 1,048 2,670 2,435 8,142 7,312 2,647 1,119 3,050 3,267 8,174
Deposits 1,218,664 13,224 776,780 33,745 11,922 168,638 34,235 36,517 10,512 4,035 25,057 15,330 88,670
Depository institutions 1,024,498 13,206 582,746 33,741 11,919 168,577 34,232 36,484 10,510 4,034 25,056 15,330 88,666
U.S. Treasury, general account 166,555 0 166,555 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 3,149 2 3,119 4 3 11 3 1 0 1 0 1 3
Other 19,461 16 19,359 0 0 50 0 32 1 0 1 0 1
Deferred availability cash items 4,099 98 1 364 1,262 133 368 270 96 323 207 262 716
Other liabilities and accrued
dividends (15) 11,933 158 8,203 161 262 457 643 559 249 133 232 295 582
Total liabilities 2,186,717 46,679 1,136,893 68,265 53,187 243,837 146,472 117,669 41,099 22,320 54,251 68,313 187,731
Capital
Capital paid in 25,651 944 7,441 2,802 1,921 7,140 1,581 619 240 712 210 353 1,687
Surplus 25,166 944 7,448 2,554 1,910 6,906 1,581 619 240 712 210 353 1,687
Other capital 1,330 27 643 0 55 0 151 129 46 20 53 57 150
Total liabilities and capital 2,238,865 48,595 1,152,425 73,621 57,074 257,883 149,785 119,037 41,626 23,765 54,723 69,075 191,256
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, January 6, 2010 (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
Jan 6, 2010
Federal Reserve notes outstanding 1,081,371
Less: Notes held by F.R. Banks not subject to collateralization 196,922
Federal Reserve notes to be collateralized 884,449
Collateral held against Federal Reserve notes 884,449
Gold certificate account 11,037
Special drawing rights certificate account 5,200
U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 868,212
Other assets pledged 0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 1,845,211
Less: Face value of securities under reverse repurchase agreements 67,112
U.S. Treasury, agency debt, and mortgage-backed securities
eligible to be pledged 1,778,098
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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