Federal Reserve Statistical Release, H.4.1, Factors Affecting Reserve Balances; title with eagle logo links to Statistical Release home page
Release Date: May 27, 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
                                                                                                 May 27, 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   May 26, 2010
Federal Reserve Banks                                     May 26, 2010 May 19, 2010 May 27, 2009
 
Reserve Bank credit                                        2,323,752   -   15,319   +  248,076    2,316,843
  Securities held outright (1)                             2,062,171   -    3,358   +  953,937    2,057,164
    U.S. Treasury securities                                 776,862   +       43   +  179,283      776,877
      Bills (2)                                               18,423            0            0       18,423
      Notes and bonds, nominal (2)                           712,023            0   +  179,058      712,023
      Notes and bonds, inflation-indexed (2)                  41,125            0   -      350       41,125
      Inflation compensation (3)                               5,290   +       43   +      574        5,306
    Federal agency debt securities (2)                       167,377   -      370   +   87,624      167,377
    Mortgage-backed securities (4)                         1,117,932   -    3,031   +  687,030    1,112,910
  Repurchase agreements (5)                                        0            0            0            0
  Term auction credit                                              0            0   -  372,541            0
  Other loans                                                 75,219   -    1,013   -   49,013       74,937
    Primary credit                                             4,315   -      799   -   33,838        4,209
    Secondary credit                                             400            0   +      371          400
    Seasonal credit                                               48   +        4   +       33           43
    Asset-Backed Commercial Paper Money Market
       Mutual Fund Liquidity Facility                              0            0   -   26,423            0
    Credit extended to American International
       Group, Inc., net (6)                                   26,133   -       43   -   18,024       26,110
    Term Asset-Backed Securities Loan Facility (7)            44,322   -      175   +   28,868       44,175
    Other credit extensions                                        0            0            0            0
  Net portfolio holdings of Commercial Paper
     Funding Facility LLC (8)                                      2            0   -  154,692            2
  Net portfolio holdings of Maiden Lane LLC (9)               28,311   +       42   +    2,623       28,329
  Net portfolio holdings of Maiden Lane II LLC (10)           15,856   +       14   -      319       15,910
  Net portfolio holdings of Maiden Lane III LLC (11)          23,373   +       10   +    3,006       23,380
  Net portfolio holdings of TALF LLC (12)                        472   +       33   +      472          478
  Preferred interests in AIA Aurora LLC and ALICO
     Holdings LLC (13)                                        25,416            0   +   25,416       25,416
  Float                                                       -1,712   +      182   +      263       -1,819
  Central bank liquidity swaps (14)                            1,242   -    7,963   -  183,690        1,242
  Other Federal Reserve assets (15)                           93,403   -    3,266   +   22,615       91,805
Gold stock                                                    11,041            0            0       11,041
Special drawing rights certificate account                     5,200            0   +    3,000        5,200
Treasury currency outstanding (16)                            42,857   +       14   +      527       42,857

Total factors supplying reserve funds                      2,382,850   -   15,305   +  251,603    2,375,941
 
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   May 26, 2010
Federal Reserve Banks                                     May 26, 2010 May 19, 2010 May 27, 2009
 
Currency in circulation (16)                                 937,689   +      115   +   29,029      940,424
Reverse repurchase agreements (17)                            58,080   +    1,754   -   11,948       58,158
  Foreign official and international accounts                 58,080   +    1,754   -   11,948       58,158
  Dealers                                                          0            0            0            0
Treasury cash holdings                                           196   +        9   -      102          205
Deposits with F.R. Banks, other than reserve balances        230,481   -    8,034   -    3,084      221,040
  U.S. Treasury, general account                              26,077   +    4,918   -      615       16,728
  U.S. Treasury, supplementary financing account             199,957   -        2   +       25      199,957
  Foreign official                                             1,442   -      162   -      938        1,349
  Service-related                                              2,643   -       20   -    1,582        2,643
    Required clearing balances                                 2,643   -       20   -    1,582        2,643
    Adjustments to compensate for float                            0            0            0            0
  Other                                                          361   -   12,769   +       25          362
Other liabilities and capital (18)                            71,701   -    1,654   +   20,535       70,675

Total factors, other than reserve balances,
   absorbing reserve funds                                 1,298,146   -    7,810   +   34,429    1,290,501

Reserve balances with Federal Reserve Banks                1,084,704   -    7,495   +  217,174    1,085,440
 
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 outstanding principal and capitalized interest net of unamortized deferred commitment fees and
   allowance for loan restructuring. Excludes credit extended to consolidated LLCs.
7. Includes credit extended by the Federal Reserve Bank of New York to eligible borrowers through the Term
   Asset-Backed Securities Loan Facility.
8. Refer to table 7 and the note on consolidation accompanying table 11.
9.  Refer to table 4 and the note on consolidation accompanying table 11.
10. Refer to table 5 and the note on consolidation accompanying table 11.
11. Refer to table 6 and the note on consolidation accompanying table 11.
12. Refer to table 8 and the note on consolidation accompanying table 11.
13. Refer to table 9.
14. 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.
15. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange
    rates, accrued dividends on the Federal Reserve Bank of New York's (FRBNY) preferred interests in AIA
    Aurora LLC and ALICO Holdings LLC, and the fair value adjustment to credit extended by the FRBNY to
    eligible borrowers through the Term Asset-Backed Securities Loan Facility.
16. Estimated.
17. Cash value of agreements, which are collateralized by U.S. Treasury securities and federal agency debt
    securities.
18. 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   May 26, 2010
Memorandum item                                           May 26, 2010 May 19, 2010 May 27, 2009
 
Marketable securities held in custody for foreign
   official and international accounts (1)                 3,066,268   +    9,634   +  342,045    3,077,379
  U.S. Treasury securities                                 2,264,514   +    3,029   +  354,577    2,270,933
  Federal agency securities (2)                              801,754   +    6,605   -   12,532      806,446
Securities lent to dealers                                     3,415   -      669   -   28,055        3,400
  Overnight facility (3)                                       3,415   -      669   +       38        3,400
    U.S. Treasury securities                                   2,106   -      730   -    1,271        1,881
    Federal agency debt securities                             1,310   +       61   +    1,310        1,519
  Term facility (4)                                                0            0   -   28,093            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 Securities, Loans, and Selected Other Assets and Liabilities,       May 26, 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    
 
Other loans (1)                            4,650            3            0       70,285            0           ...       74,937
U.S. Treasury securities (2)
  Holdings                                14,593       17,775       46,919      340,387      213,494       143,710      776,877
  Weekly changes                      -    2,504   +    2,504   +        4   +        9   +       11    +       19   +       43
Federal agency debt securities (3)
  Holdings                                   662       10,213       37,409       83,198       33,548         2,347      167,377
  Weekly changes                      -      200   +      709   +       74   -      783            0             0   -      200
Mortgage-backed securities (4)
  Holdings                                     0            0            0           32           20     1,112,858    1,112,910
  Weekly changes                               0            0            0            0            0    -    6,575   -    6,575
Commercial paper held by
   Commercial Paper Funding
   Facility LLC (5)                            0            0            0          ...          ...           ...            0
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)               0        1,242            0            0            0             0        1,242

Reverse repurchase agreements (7)         58,158            0          ...          ...          ...           ...       58,158
 
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                                                                                                           May 26, 2010 
 
Mortgage-backed securities held outright (1)                                                                           1,112,910

Commitments to buy mortgage-backed securities (2)                                                                         36,354
Commitments to sell mortgage-backed securities (2)                                                                             0

Cash and cash equivalents (3)                                                                                                541
 
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                                                                                                           May 26, 2010 
 
Net portfolio holdings of Maiden Lane LLC (1)                                                                             28,329

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)                                                         491
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3)                              1,274
 
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
       March 31, 2010. 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                                                                                                           May 26, 2010 
 
Net portfolio holdings of Maiden Lane II LLC (1)                                                                          15,910

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                 14,532
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                         342
Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc. (3)                    1,050
 
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
       March 31, 2010. 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                                                                                                           May 26, 2010 
 
Net portfolio holdings of Maiden Lane III LLC (1)                                                                         23,380

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                 16,206
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                         427
Outstanding principal amount and accrued interest on loan payable to American International Group, Inc. (3)                5,261
 
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
       March 31, 2010. 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                                                                                                           May 26, 2010 
 
Commercial paper holdings, net (1)                                                                                             0
Other investments, net                                                                                                         2
Net portfolio holdings of Commercial Paper Funding Facility LLC                                                                2

Memorandum: Commercial paper holdings, face value                                                                              0

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                      0
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                           0
 
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                                                                                                           May 26, 2010 
 
Asset-backed securities holdings (1)                                                                                           0
Other investments, net                                                                                                       478
Net portfolio holdings of TALF LLC                                                                                           478

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)                                        104
 
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                                                                                                           May 26, 2010 
 
Preferred interests in AIA Aurora LLC and ALICO Holdings LLC (1)                                                          25,416
Accrued dividends on preferred interests in AIA Aurora LLC and ALICO Holdings LLC (2)                                        195

Preferred interests in AIA Aurora LLC (1)                                                                                 16,266
Accrued dividends on preferred interests in AIA Aurora LLC (2)                                                               125

Preferred interests in ALICO Holdings LLC (1)                                                                              9,150
Accrued dividends on preferred interests in ALICO Holdings LLC (2)                                                            70
 
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   May 26, 2010   Wednesday    Wednesday  
Assets, liabilities, and capital                                                      May 19, 2010 May 27, 2009
 
Assets
  Gold certificate account                                                  11,037             0            0
  Special drawing rights certificate account                                 5,200             0   +    3,000
  Coin                                                                       2,014    -       28   +      224
  Securities, repurchase agreements, term auction
     credit, and other loans                                             2,132,101    -    7,657   +  528,542
    Securities held outright (1)                                         2,057,164    -    6,732   +  949,717
      U.S. Treasury securities                                             776,877    +       43   +  176,735
        Bills (2)                                                           18,423             0            0
        Notes and bonds, nominal (2)                                       712,023             0   +  178,001
        Notes and bonds, inflation-indexed (2)                              41,125             0   -    1,678
        Inflation compensation (3)                                           5,306    +       43   +      412
      Federal agency debt securities (2)                                   167,377    -      200   +   87,624
      Mortgage-backed securities (4)                                     1,112,910    -    6,575   +  685,358
    Repurchase agreements (5)                                                    0             0            0
    Term auction credit                                                          0             0   -  372,540
    Other loans                                                             74,937    -      924   -   48,635
  Net portfolio holdings of Commercial Paper
     Funding Facility LLC (6)                                                    2             0   -  149,387
  Net portfolio holdings of Maiden Lane LLC (7)                             28,329    +       21   +    2,612
  Net portfolio holdings of Maiden Lane II LLC (8)                          15,910    +       63   -      342
  Net portfolio holdings of Maiden Lane III LLC (9)                         23,380    +        8   +    3,001
  Net portfolio holdings of TALF LLC (10)                                      478    +       39   +      478
  Preferred interests in AIA Aurora LLC and ALICO
     Holdings LLC (11)                                                      25,416             0   +   25,416
  Items in process of collection                             (40)              274    +       45   -      985
  Bank premises                                                              2,236    -        2   +       38
  Central bank liquidity swaps (12)                                          1,242    -    7,963   -  180,405
  Other assets (13)                                                         89,889    -    1,382   +   23,656

Total assets                                                 (40)        2,337,507    -   16,857   +  255,848
 
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   May 26, 2010   Wednesday    Wednesday  
Assets, liabilities, and capital                                                      May 19, 2010 May 27, 2009
 
Liabilities
  Federal Reserve notes, net of F.R. Bank holdings                         899,782    +    2,214   +   29,765
  Reverse repurchase agreements (14)                                        58,158    +    2,394   -    7,721
  Deposits                                                    (0)        1,306,800    -   20,911   +  216,362
    Depository institutions                                              1,088,403    -    7,336   +  211,392
    U.S. Treasury, general account                                          16,728    -   13,485   +    5,680
    U.S. Treasury, supplementary financing account                         199,957    -        2   +       25
    Foreign official                                                         1,349    -      129   -      783
    Other                                                     (0)              362    +       40   +       47
  Deferred availability cash items                           (40)            2,092    -      267   -    2,028
  Other liabilities and accrued dividends (15)                              15,627    -      314   +    9,344

Total liabilities                                            (40)        2,282,459    -   16,883   +  245,722

Capital accounts
  Capital paid in                                                           26,416    -        7   +    2,389
  Surplus                                                                   25,668    +       32   +    6,494
  Other capital accounts                                                     2,963    -        1   +    1,242

Total capital                                                               55,048    +       26   +   10,126
 
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,
    accrued dividends on the Federal Reserve Bank of New York's (FRBNY) preferred interests in AIA Aurora LLC
    and ALICO Holdings LLC, and the fair value adjustment to credit extended by the FRBNY to eligible borrowers
    through the Term Asset-Backed Securities Loan Facility.
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,       May 26, 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         369       4,038         404         463         846       1,385         887         324         203         296         652       1,170
  Special drawing rights certificate acct.       5,200         196       1,818         210         237         412         654         424         150          90         153         282         574
  Coin                                           2,014          69          76         162         146         295         184         316          27          64         144         197         334
  Securities, repurchase agreements,
     term auction credit, and other
     loans                                   2,132,101      52,063     914,156      48,049      69,894     234,289     194,691     155,102      52,995      28,180      70,574      86,383     225,725
    Securities held outright (1)             2,057,164      52,060     839,432      48,041      69,894     234,289     194,665     155,082      52,989      28,162      70,569      86,381     225,601
      U.S. Treasury securities                 776,877      19,660     317,007      18,142      26,395      88,478      73,514      58,566      20,011      10,635      26,650      32,621      85,197
        Bills (2)                               18,423         466       7,517         430         626       2,098       1,743       1,389         475         252         632         774       2,020
        Notes and bonds (3)                    758,455      19,194     309,490      17,712      25,769      86,380      71,771      57,177      19,536      10,383      26,018      31,848      83,177
      Federal agency debt securities (2)       167,377       4,236      68,299       3,909       5,687      19,062      15,838      12,618       4,311       2,291       5,742       7,028      18,356
      Mortgage-backed securities (4)         1,112,910      28,164     454,126      25,990      37,812     126,748     105,312      83,898      28,667      15,235      38,177      46,732     122,048
    Repurchase agreements (5)                        0           0           0           0           0           0           0           0           0           0           0           0           0
    Term auction credit                              0           0           0           0           0           0           0           0           0           0           0           0           0
    Other loans                                 74,937           3      74,725           8           0           1          27          20           6          17           5           2         123
  Net portfolio holdings of Commercial
     Paper Funding Facility LLC (6)                  2           0           2           0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of Maiden
     Lane LLC (7)                               28,329           0      28,329           0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of Maiden
     Lane II LLC (8)                            15,910           0      15,910           0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of Maiden
     Lane III LLC (9)                           23,380           0      23,380           0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of TALF LLC (10)          478           0         478           0           0           0           0           0           0           0           0           0           0
  Preferred interests in AIA Aurora LLC
     and ALICO Holdings LLC (11)                25,416           0      25,416           0           0           0           0           0           0           0           0           0           0
  Items in process of collection                   313          13           0          17         111           5          68          11           6          21           8          31          22
  Bank premises                                  2,236         122         260          70         143         237         220         210         136         109         266         250         213
  Central bank liquidity swaps (12)              1,242          46         360         136          93         346          77          30          12          34          10          17          82
  Other assets (13)                             89,889       2,559      34,161       4,136       3,998      14,072       7,662       5,482       1,942       1,584       2,452       3,098       8,743
  Interdistrict settlement account                   0   -   8,591   +  78,333   +  19,927   -  14,877   +  72,560   -  46,583   -  40,984   -  16,406   +  18,045   -  22,463   -  13,905   -  25,057

Total assets                                 2,337,546      46,845   1,126,716      73,111      60,207     323,063     158,358     121,479      39,186      48,330      51,440      77,006     211,805
 
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,       May 26, 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          1,081,819      34,980     396,103      38,636      44,449      84,078     137,204      86,343      31,995      19,966      29,279      65,264     113,523
    Less: Notes held by F.R. Banks             182,037       4,115      59,971       5,566       9,446      13,198      29,599      11,868       4,516       3,065       3,239      12,187      25,268
      Federal Reserve notes, net               899,782      30,865     336,132      33,070      35,003      70,880     107,605      74,475      27,478      16,901      26,040      53,077      88,255
  Reverse repurchase agreements (14)            58,158       1,472      23,731       1,358       1,976       6,624       5,503       4,384       1,498         796       1,995       2,442       6,378
  Deposits                                   1,306,800      12,321     740,050      32,560      18,516     231,829      41,231      40,636       9,438      28,514      22,630      20,182     108,892
    Depository institutions                  1,088,403      12,302     521,834      32,556      18,512     231,734      41,228      40,591       9,436      28,513      22,628      20,182     108,887
    U.S. Treasury, general account              16,728           0      16,728           0           0           0           0           0           0           0           0           0           0
    U.S. Treasury, supplementary
       financing account                       199,957           0     199,957           0           0           0           0           0           0           0           0           0           0
    Foreign official                             1,349           1       1,320           4           3          11           2           1           0           1           0           1           3
    Other                                          362          17         210           0           2          84           0          44           1           0           1           0           3
  Deferred availability cash items               2,132          61           0         188         538          74         124         142          49         388          81         111         376
  Other liabilities and accrued
     dividends (15)                             15,627         232      11,079         286         314         931         646         508         212         162         229         313         715

Total liabilities                            2,282,498      44,951   1,110,992      67,463      56,347     310,337     155,110     120,145      38,676      46,762      50,974      76,125     204,616

Capital
  Capital paid in                               26,416         916       7,543       2,947       1,907       5,451       1,548         614         239         803         211         414       3,823
  Surplus                                       25,668         945       7,568       2,701       1,910       7,140       1,581         620         240         712         210         353       1,688
  Other capital                                  2,963          33         612           0          44         134         119         100          31          52          45         114       1,679

Total liabilities and capital                2,337,546      46,845   1,126,716      73,111      60,207     323,063     158,358     121,479      39,186      48,330      51,440      77,006     211,805
 
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,       May 26, 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, accrued dividends on the Federal Reserve Bank of New York's (FRBNY) preferred interests
    in AIA Aurora LLC and ALICO Holdings LLC, and the fair value adjustment to credit extended by the FRBNY to eligible borrowers through the Term Asset-Backed Securities Loan Facility.
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                                                       May 26, 2010 
 
Federal Reserve notes outstanding                                                          1,081,819
  Less: Notes held by F.R. Banks not subject to collateralization                            182,037
    Federal Reserve notes to be collateralized                                               899,782
Collateral held against Federal Reserve notes                                                899,782
  Gold certificate account                                                                    11,037
  Special drawing rights certificate account                                                   5,200
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   883,545
  Other assets pledged                                                                             0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                     2,057,164
  Less: Face value of securities under reverse repurchase agreements                          57,389
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged      1,999,775
 
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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