Federal Reserve Statistical Release, H.4.1, Factors Affecting Reserve Balances; title with eagle logo links to Statistical Release home page
Release Date: February 25, 2010
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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
                                                                                            February 25, 2010
 
1. Factors Affecting Reserve Balances of Depository Institutions
Millions of dollars
Reserve Bank credit, related items, and                         Averages of daily figures         Wednesday  
reserve balances of depository institutions at             Week ended   Change from week ended   Feb 24, 2010
Federal Reserve Banks                                     Feb 24, 2010 Feb 17, 2010 Feb 25, 2009
 
Reserve Bank credit                                        2,269,428   +    5,245   +  369,306    2,268,945
  Securities held outright (1)                             1,975,284   +    8,228   +1,396,201    1,975,641
    U.S. Treasury securities                                 776,557   -       20   +  301,873      776,549
      Bills (2)                                               18,423            0            0       18,423
      Notes and bonds, nominal (2)                           708,872            0   +  295,958      708,872
      Notes and bonds, inflation-indexed (2)                  43,777            0   +    4,399       43,777
      Inflation compensation (3)                               5,485   -       21   +    1,514        5,477
    Federal agency debt securities (2)                       165,992   +       91   +  130,123      166,533
    Mortgage-backed securities (4)                         1,032,735   +    8,158   +  964,206    1,032,560
  Repurchase agreements (5)                                        0            0            0            0
  Term auction credit                                         15,425   -        1   -  432,138       15,425
  Other loans                                                 87,207   -      524   -   52,257       86,026
    Primary credit                                            13,960   -      303   -   50,448       13,753
    Secondary credit                                             814   -       86   +      807          800
    Seasonal credit                                                0            0   -        2            2
    Primary dealer and other broker-dealer credit (6)              0            0   -   25,618            0
    Asset-Backed Commercial Paper Money Market
       Mutual Fund Liquidity Facility                              0            0   -   11,382            0
    Credit extended to American International
       Group, Inc., net (7)                                   25,473   -       51   -   12,573       25,272
    Term Asset-Backed Securities Loan Facility, net (8)       46,960   -       83   +   46,960       46,199
    Other credit extensions                                        0            0            0            0
  Net portfolio holdings of Commercial Paper
     Funding Facility LLC (9)                                  7,724   +       13   -  238,509        7,734
  Net portfolio holdings of Maiden Lane LLC (10)              27,211   +       27   +    1,287       27,215
  Net portfolio holdings of Maiden Lane II LLC (11)           15,488   +        7   -    3,153       15,492
  Net portfolio holdings of Maiden Lane III LLC (12)          22,393   +       13   -    5,284       22,399
  Net portfolio holdings of TALF LLC (13)                        350   +       16   +      350          372
  Preferred interests in AIA Aurora LLC and ALICO
     Holdings LLC (14)                                        25,106            0   +   25,106       25,106
  Float                                                       -1,714   +      175   +      665       -1,724
  Central bank liquidity swaps (15)                                0   -       14   -  374,590            0
  Other Federal Reserve assets (16)                           94,953   -    2,695   +   51,625       95,258
Gold stock                                                    11,041            0            0       11,041
Special drawing rights certificate account                     5,200            0   +    3,000        5,200
Treasury currency outstanding (17)                            42,789   +       14   +      617       42,789

Total factors supplying reserve funds                      2,328,458   +    5,259   +  372,923    2,327,975
 
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         Wednesday  
reserve balances of depository institutions at             Week ended   Change from week ended   Feb 24, 2010
Federal Reserve Banks                                     Feb 24, 2010 Feb 17, 2010 Feb 25, 2009
 
Currency in circulation (17)                                 931,689   -      183   +   34,607      932,489
Reverse repurchase agreements (18)                            55,304   +      512   -   12,539       56,563
  Foreign official and international accounts                 55,304   +      512   -   12,539       56,563
  Dealers                                                          0            0            0            0
Treasury cash holdings                                           204   -        2   -       74          200
Deposits with F.R. Banks, other than reserve balances         45,293   -   20,687   -  201,912       26,035
  U.S. Treasury, general account                              32,891   -   13,589   -    2,692       12,922
  U.S. Treasury, supplementary financing account               5,000            0   -  194,950        5,000
  Foreign official                                             3,992   +      959   +    1,310        4,633
  Service-related                                              2,746   -        1   -    1,728        2,746
    Required clearing balances                                 2,746   -        1   -    1,728        2,746
    Adjustments to compensate for float                            0            0            0            0
  Other                                                          664   -    8,057   -    3,852          733
Other liabilities and capital (19)                            68,385   -    1,237   +   17,501       66,534

Total factors, other than reserve balances,
   absorbing reserve funds                                 1,100,875   -   21,597   -  162,416    1,081,820

Reserve balances with Federal Reserve Banks                1,227,583   +   26,856   +  535,339    1,246,154
 
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         Wednesday  
                                                           Week ended   Change from week ended   Feb 24, 2010
Memorandum item                                           Feb 24, 2010 Feb 17, 2010 Feb 25, 2009
 
Marketable securities held in custody for foreign
   official and international accounts (1)                 2,964,566   +    5,603   +  383,840    2,964,279
  U.S. Treasury securities                                 2,196,735   +    3,511   +  430,062    2,197,470
  Federal agency securities (2)                              767,831   +    2,092   -   46,222      766,809
Securities lent to dealers                                     5,079   -      372   -  112,762        5,182
  Overnight facility (3)                                       5,079   -      372   -    1,206        5,182
    U.S. Treasury securities                                   4,283   -      309   -    2,002        4,270
    Federal agency debt securities                               796   -       63   +      796          912
  Term facility (4)                                                0            0   -  111,556            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,  February 24, 2010
Millions of dollars
                                       Within 15    16 days to   91 days to  Over 1 year  Over 5 years    Over 10        All     
Remaining maturity                        days       90 days       1 year     to 5 years   to 10 years     years    
 
Term auction credit                       15,425            0          ...          ...          ...           ...       15,425
Other loans (1)                           14,378          177            0       71,472            0           ...       86,026
U.S. Treasury securities (2)
  Holdings                                17,541       24,188       40,542      337,293      213,261       143,724      776,549
  Weekly changes                      +    2,156   -    2,158            0   -        5   -        5    -        9   -       22
Federal agency debt securities (3)
  Holdings                                     0        3,134       23,258      103,264       34,530         2,347      166,533
  Weekly changes                               0   +      200   +       46   +      530   +      170             0   +      946
Mortgage-backed securities (4)
  Holdings                                     0            0            0           18           21     1,032,521    1,032,560
  Weekly changes                               0            0            0            0            0    +    7,018   +    7,019
Commercial paper held by
   Commercial Paper Funding
   Facility LLC (5)                            0        2,966            0          ...          ...           ...        2,966
Asset-backed securities held by
   TALF LLC (6)                                0            0            0            0            0             0            0
Repurchase agreements (7)                      0            0          ...          ...          ...           ...            0

Reverse repurchase agreements (7)         56,563            0          ...          ...          ...           ...       56,563
 
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.

 
3. Supplemental Information on Mortgage-Backed Securities Purchase Program
Millions of dollars
                                                                                                                        Wednesday   
Account name                                                                                                           Feb 24, 2010 
 
Mortgage-backed securities held outright (1)                                                                           1,032,560

Commitments to buy mortgage-backed securities (2)                                                                        111,980
Commitments to sell mortgage-backed securities (2)                                                                             0

Cash and cash equivalents (3)                                                                                                676
 
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                                                                                                           Feb 24, 2010 
 
Net portfolio holdings of Maiden Lane LLC (1)                                                                             27,215

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)                                                         436
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3)                              1,258
 
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
    December 31, 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                                                                                                           Feb 24, 2010 
 
Net portfolio holdings of Maiden Lane II LLC (1)                                                                          15,492

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                 15,207
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                         295
Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc. (3)                    1,042
 
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
    December 31, 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                                                                                                           Feb 24, 2010 
 
Net portfolio holdings of Maiden Lane III LLC (1)                                                                         22,399

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                 17,367
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                         374
Outstanding principal amount and accrued interest on loan payable to American International Group, Inc. (3)                5,218
 
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
    December 31, 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                                                                                                           Feb 24, 2010 
 
Commercial paper holdings, net (1)                                                                                         2,857
Other investments, net                                                                                                     4,876
Net portfolio holdings of Commercial Paper Funding Facility LLC                                                            7,734

Memorandum: Commercial paper holdings, face value                                                                          2,966

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                  2,942
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                           1
 
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                                                                                                           Feb 24, 2010 
 
Asset-backed securities holdings (1)                                                                                           0
Other investments, net                                                                                                       372
Net portfolio holdings of TALF LLC                                                                                           372

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                                                                                                           Feb 24, 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)                                        189

Preferred interests in AIA Aurora LLC (1)                                                                                 16,068
Accrued dividends on preferred interests in AIA Aurora LLC (2)                                                               121

Preferred interests in ALICO Holdings LLC (1)                                                                              9,038
Accrued dividends on preferred interests in ALICO Holdings LLC (2)                                                            68
 
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 from  Wednesday         Change since       
                                                        consolidation   Feb 24, 2010   Wednesday    Wednesday  
Assets, liabilities, and capital                                                      Feb 17, 2010 Feb 25, 2009
 
Assets
Gold certificate account                                                    11,037             0            0
Special drawing rights certificate account                                   5,200             0   +    3,000
Coin                                                                         2,166    -       26   +      311
Securities, repurchase agreements, term auction
   credit, and other loans                                               2,077,093    +    6,195   +  908,905
  Securities held outright (1)                                           1,975,641    +    7,942   +1,393,915
    U.S. Treasury securities                                               776,549    -       22   +  301,906
      Bills (2)                                                             18,423             0            0
      Notes and bonds, nominal (2)                                         708,872             0   +  295,958
      Notes and bonds, inflation-indexed (2)                                43,777             0   +    4,399
      Inflation compensation (3)                                             5,477    -       22   +    1,548
    Federal agency debt securities (2)                                     166,533    +      946   +  128,195
    Mortgage-backed securities (4)                                       1,032,560    +    7,019   +  963,815
  Repurchase agreements (5)                                                      0             0            0
  Term auction credit                                                       15,425    -        1   -  432,138
  Other loans                                                               86,026    -    1,748   -   52,873
Net portfolio holdings of Commercial Paper
   Funding Facility LLC (6)                                                  7,734    +       13   -  234,769
Net portfolio holdings of Maiden Lane LLC (7)                               27,215    +        5   +    1,246
Net portfolio holdings of Maiden Lane II LLC (8)                            15,492    +        5   -    3,155
Net portfolio holdings of Maiden Lane III LLC (9)                           22,399    +        7   -    5,296
Net portfolio holdings of TALF LLC (10)                                        372    +       38   +      372
Preferred interests in AIA Aurora LLC and ALICO
   Holdings LLC (11)                                                        25,106             0   +   25,106
Items in process of collection                              (155)              410    +      348   -      549
Bank premises                                                                2,242    +        1   +       55
Central bank liquidity swaps (12)                                                0             0   -  374,947
Other assets (13)                                                           93,039    +    1,968   +   51,645

Total assets                                                (155)        2,289,504    +    8,552   +  371,923
 
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 from  Wednesday         Change since       
                                                        consolidation   Feb 24, 2010   Wednesday    Wednesday  
Assets, liabilities, and capital                                                      Feb 17, 2010 Feb 25, 2009
 
Liabilities
Federal Reserve notes, net of F.R. Bank holdings                           892,062    -      923   +   33,324
Reverse repurchase agreements (14)                                          56,563    +    1,675   -   11,150
Deposits                                                      (0)        1,272,212    +    8,884   +  335,184
  Depository institutions                                                1,248,923    +   43,758   +  547,780
  U.S. Treasury, general account                                            12,922    -   36,780   -   12,187
  U.S. Treasury, supplementary financing account                             5,000             0   -  194,950
  Foreign official                                                           4,633    +    1,563   +    2,400
  Other                                                       (0)              733    +      342   -    7,860
Deferred availability cash items                            (155)            2,134    -    1,073   -      976
Other liabilities and accrued dividends (15)                                13,249    -      769   +    4,451

Total liabilities                                           (155)        2,236,219    +    7,794   +  360,832

Capital accounts
Capital paid in                                                             25,798    +       33   +    3,608
Surplus                                                                     25,275    +       52   +    5,443
Other capital accounts                                                       2,212    +      673   +    2,040

Total capital                                                               53,285    +      758   +   11,091
 
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,  February 24, 2010
Millions of dollars
                                               Total      Boston     New York   Philadelphia Cleveland   Richmond     Atlanta     Chicago    St. Louis  Minneapolis   Kansas      Dallas        San    
Assets, liabilities, and capital                                                                                                                                       City                  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                                             2,166          73          83         175         160         314         213         336          32          66         147         217         350
Securities, repurchase agreements, term
   auction credit, and other loans           2,077,093      38,000     868,313      31,143      78,163      71,648     238,766     214,757      77,594      32,877      89,216      96,126     240,490
  Securities held outright (1)               1,975,641      37,899     772,230      30,650      78,054      71,196     238,038     213,786      77,398      32,707      89,179      95,525     238,980
    U.S. Treasury securities                   776,549      14,897     303,534      12,047      30,680      27,985      93,563      84,031      30,422      12,856      35,053      37,547      93,934
      Bills (2)                                 18,423         353       7,201         286         728         664       2,220       1,994         722         305         832         891       2,228
      Notes and bonds (3)                      758,126      14,543     296,333      11,762      29,952      27,321      91,344      82,037      29,700      12,551      34,221      36,656      91,705
    Federal agency debt securities (2)         166,533       3,195      65,094       2,584       6,579       6,001      20,065      18,021       6,524       2,757       7,517       8,052      20,144
    Mortgage-backed securities (4)           1,032,560      19,808     403,602      16,019      40,794      37,210     124,409     111,734      40,452      17,094      46,609      49,926     124,902
  Repurchase agreements (5)                          0           0           0           0           0           0           0           0           0           0           0           0           0
  Term auction credit                           15,425          25      10,571         456         109         363         678         794         183         132          35         600       1,479
  Other loans                                   86,026          76      85,513          36           0          89          50         177          13          38           2           1          31
Net portfolio holdings of Commercial
   Paper Funding Facility LLC (6)                7,734           0       7,734           0           0           0           0           0           0           0           0           0           0
Net portfolio holdings of Maiden
   Lane LLC (7)                                 27,215           0      27,215           0           0           0           0           0           0           0           0           0           0
Net portfolio holdings of Maiden
   Lane II LLC (8)                              15,492           0      15,492           0           0           0           0           0           0           0           0           0           0
Net portfolio holdings of Maiden
   Lane III LLC (9)                             22,399           0      22,399           0           0           0           0           0           0           0           0           0           0
Net portfolio holdings of TALF LLC (10)            372           0         372           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                     564          10           0          39          76           5         308          16           5          41          19          28          17
Bank premises                                    2,242         121         261          71         144         237         221         209         136         110         267         252         213
Central bank liquidity swaps (12)                    0           0           0           0           0           0           0           0           0           0           0           0           0
Other assets (13)                               93,039       2,257      33,923       3,814       4,542       9,523       9,666       7,864       2,903       1,838       3,258       3,632       9,818
Interdistrict settlement account                     0   +   6,396   + 134,042   +  44,102   -  27,636   + 203,181   -  96,607   -  99,673   -  38,467   -  11,018   -  37,637   -  28,142   -  48,541

Total assets                                 2,289,659      47,465   1,140,652      80,004      56,153     286,202     154,577     124,844      42,682      24,202      55,757      73,016     204,104
 
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,  February 24, 2010 (continued)
Millions of dollars
                                               Total      Boston     New York   Philadelphia Cleveland   Richmond     Atlanta     Chicago    St. Louis  Minneapolis   Kansas      Dallas        San    
Assets, liabilities, and capital                                                                                                                                       City                  Francisco 
 
Liabilities
Federal Reserve notes outstanding            1,078,737      35,378     395,846      38,619      44,461      81,848     137,580      85,224      32,722      19,559      28,679      63,363     115,456
  Less: Notes held by F.R. Banks               186,675       4,443      66,101       5,569       7,507      10,184      32,810      11,518       3,755       2,761       3,428      12,344      26,256
    Federal Reserve notes, net                 892,062      30,936     329,745      33,050      36,954      71,664     104,770      73,707      28,967      16,798      25,251      51,019      89,200
Reverse repurchase agreements (14)              56,563       1,085      22,109         878       2,235       2,038       6,815       6,121       2,216         936       2,553       2,735       6,842
Deposits                                     1,272,212      13,301     763,813      40,202      12,182     197,835      38,617      42,716      10,630       4,456      27,079      18,017     103,363
  Depository institutions                    1,248,923      13,294     740,669      40,198      12,178     197,737      38,614      42,697      10,627       4,455      27,078      18,017     103,360
  U.S. Treasury, general account                12,922           0      12,922           0           0           0           0           0           0           0           0           0           0
  U.S. Treasury, supplementary
     financing account                           5,000           0       5,000           0           0           0           0           0           0           0           0           0           0
  Foreign official                               4,633           1       4,605           4           3          11           2           1           0           1           0           1           3
  Other                                            733           5         618           0           1          87           0          18           2           0           1           0           1
Deferred availability cash items                 2,289          59           0         214         553          71         206         148          47         395          98         110         389
Other liabilities and accrued
   dividends (15)                               13,249         202       8,635         218         327         530         787         700         288         167         292         357         748

Total liabilities                            2,236,374      45,582   1,124,301      74,561      52,251     272,138     151,194     123,392      42,147      22,753      55,273      72,238     200,543

Capital
Capital paid in                                 25,798         914       7,531       2,854       1,921       7,127       1,599         645         236         712         206         353       1,698
Surplus                                         25,275         944       7,493       2,588       1,910       6,938       1,581         620         240         712         210         353       1,687
Other capital                                    2,212          25       1,327           0          70           0         203         188          58          25          69          72         175

Total liabilities and capital                2,289,659      47,465   1,140,652      80,004      56,153     286,202     154,577     124,844      42,682      24,202      55,757      73,016     204,104
 
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,  February 24, 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
                                                                                            Wednesday   
Federal Reserve notes and collateral                                                       Feb 24, 2010 
 
Federal Reserve notes outstanding                                                          1,078,737
  Less: Notes held by F.R. Banks not subject to collateralization                            186,675
    Federal Reserve notes to be collateralized                                               892,062
Collateral held against Federal Reserve notes                                                892,062
  Gold certificate account                                                                    11,037
  Special drawing rights certificate account                                                   5,200
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   875,825
  Other assets pledged                                                                             0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                     1,975,641
  Less: Face value of securities under reverse repurchase agreements                          55,959
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged      1,919,683
 
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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