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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 28, 2009
1. Factors Affecting Reserve Balances of Depository Institutions
Millions of dollars
Reserve Bank credit, related items, and Averages of daily figures
reserve balances of depository institutions at Week ended Change from week ended Wednesday
Federal Reserve Banks May 27, 2009 May 20, 2009 May 28, 2008 May 27, 2009
Reserve Bank credit 2,074,457 - 90,672 +1,197,013 2,063,747
Securities held outright 1,108,234 + 22,634 + 617,170 1,107,447
U.S. Treasury securities (1) 597,579 + 17,013 + 106,515 600,142
Bills (2) 18,423 0 - 15,873 18,423
Notes and bonds, nominal (2) 532,965 + 16,737 + 120,573 534,022
Notes and bonds, inflation-indexed (2) 41,475 + 222 + 2,304 42,803
Inflation compensation (3) 4,716 + 55 - 490 4,894
Federal agency debt securities (2) 79,753 + 5,204 + 79,753 79,753
Mortgage-backed securities (4) 430,902 + 417 + 430,902 427,552
Repurchase agreements (5) 0 0 - 105,036 0
Term auction credit 372,541 - 56,294 + 222,541 372,540
Other loans 124,232 - 3,699 + 95,897 123,572
Primary credit 38,153 - 2 + 22,203 38,047
Secondary credit 29 + 9 + 28 0
Seasonal credit 15 + 4 - 39 14
Primary dealer and other broker-dealer credit (6) 0 0 - 12,329 0
Asset-Backed Commercial Paper Money Market
Mutual Fund Liquidity Facility 26,423 - 1,698 + 26,423 25,944
Credit extended to American International
Group, Inc. (7) 44,157 - 1,551 + 44,157 44,116
Term Asset-Backed Securities Loan Facility 15,454 - 461 + 15,454 15,451
Other credit extensions 0 0 0 0
Net portfolio holdings of Commercial Paper
Funding Facility LLC (8) 154,694 - 6,087 + 154,694 149,389
Net portfolio holdings of LLCs funded through
the Money Market Investor Funding Facility (9) 0 0 0 0
Net portfolio holdings of Maiden Lane LLC (10) 25,688 - 4 + 25,688 25,717
Net portfolio holdings of Maiden Lane II LLC (11) 16,175 + 23 + 16,175 16,252
Net portfolio holdings of Maiden Lane III LLC (12) 20,367 + 54 + 20,367 20,379
Float -1,975 + 18 - 857 -2,861
Central bank liquidity swaps (13) 184,932 - 51,527 + 122,932 181,647
Other Federal Reserve assets (14) 69,568 + 4,208 + 27,441 69,666
Gold stock 11,041 0 0 11,041
Special drawing rights certificate account 2,200 0 0 2,200
Treasury currency outstanding (15) 42,373 + 14 + 3,582 42,373
Total factors supplying reserve funds 2,130,071 - 90,658 +1,200,595 2,119,361
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.
1. Factors Affecting Reserve Balances of Depository Institutions (continued)
Millions of dollars
Reserve Bank credit, related items, and Averages of daily figures
reserve balances of depository institutions at Week ended Change from week ended Wednesday
Federal Reserve Banks May 27, 2009 May 20, 2009 May 28, 2008 May 27, 2009
Currency in circulation (15) 908,704 + 3,902 + 85,426 910,303
Reverse repurchase agreements (16) 70,028 + 260 + 32,554 65,879
Foreign official and international accounts 70,028 + 260 + 32,554 65,879
Dealers 0 0 0 0
Treasury cash holdings 298 + 6 + 25 301
Deposits with F.R. Banks, other than reserve balances 233,566 - 27,660 + 221,140 217,653
U.S. Treasury, general account 26,692 - 23,146 + 21,752 11,048
U.S. Treasury, supplementary financing account 199,932 + 2 + 199,932 199,932
Foreign official 2,380 - 335 + 2,282 2,132
Service-related 4,226 - 117 - 2,887 4,226
Required clearing balances 4,226 - 117 - 2,887 4,226
Adjustments to compensate for float 0 0 0 0
Other 336 - 4,064 + 61 315
Other liabilities and capital (17) 51,166 + 796 + 6,032 51,205
Total factors, other than reserve balances,
absorbing reserve funds 1,263,762 - 22,695 + 345,177 1,245,341
Reserve balances with Federal Reserve Banks 866,309 - 67,963 + 855,418 874,021
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. Excludes credit extended to consolidated LLCs.
8. Refer to table 7 and the note on consolidation accompanying table 10.
9. Refer to table 8 and the note on consolidation accompanying table 10.
10. Refer to table 4 and the note on consolidation accompanying table 10.
11. Refer to table 5 and the note on consolidation accompanying table 10.
12. Refer to table 6 and the note on consolidation accompanying table 10.
13. 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.
14. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates.
15. Estimated.
16. Cash value of agreements, which are collateralized by U.S. Treasury securities.
17. Includes the liabilities of Commercial Paper Funding Facility LLC, the LLCs funded through the Money Market
Investor Funding Facility, Maiden Lane LLC, Maiden Lane II LLC, and Maiden Lane III 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 10.
Sources: Federal Reserve Banks and the U.S. Department of the Treasury.
1A. Memorandum Items
Millions of dollars
Averages of daily figures
Memorandum item Week ended Change from week ended Wednesday
May 27, 2009 May 20, 2009 May 28, 2008 May 27, 2009
Marketable securities held in custody for foreign
official and international accounts (1) 2,724,223 + 14,652 + 431,411 2,723,455
U.S. Treasury securities 1,909,937 + 15,845 + 564,434 1,908,946
Federal agency securities (2) 814,286 - 1,193 - 133,022 814,509
Securities lent to dealers 31,470 - 5,248 - 81,251 34,971
Overnight facility (3) 3,377 - 791 - 1,180 7,621
Term facility (4) 28,093 - 4,457 - 80,071 27,350
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. 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, May 27, 2009
Millions of dollars
Remaining maturity Within 15 16 days to 91 days to Over 1 year Over 5 years Over 10 All
days 90 days 1 year to 5 years to 10 years years
Term auction credit 131,562 240,978 --- --- --- --- 372,540
Other loans (1) 34,090 29,802 113 59,567 --- --- 123,572
U.S. Treasury securities (2)
Holdings 15,618 25,691 61,765 241,533 137,233 118,302 600,142
Weekly changes - 2,503 + 2,504 + 1,551 + 6,268 + 8,913 + 138 + 16,871
Federal agency debt securities (3)
Holdings 0 196 5,505 55,634 17,883 535 79,753
Weekly changes 0 0 0 + 2,821 + 258 0 + 3,079
Mortgage-backed securities (4)
Holdings 0 0 0 0 0 427,552 427,552
Weekly changes 0 0 0 0 0 - 3,928 - 3,928
Commercial paper held by
Commercial Paper Funding
Facility LLC (5) 16,862 129,642 0 --- --- --- 146,504
Money market instruments held by
LLCs funded through the Money
Market Investor Funding
Facility (6) 0 0 0 --- --- --- 0
Repurchase agreements (7) 0 0 --- --- --- --- 0
Central bank liquidity swaps (8) 98,834 82,813 0 0 0 0 181,647
Reverse repurchase agreements (7) 65,879 0 --- --- --- --- 65,879
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, the
LLCs funded through the Money Market Investor Funding Facility, Maiden Lane LLC, Maiden Lane II LLC, and Maiden
Lane III 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 money market instruments held by LLCs funded through the Money Market Investor Funding Facility.
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 27, 2009
Mortgage-backed securities held outright (1) 427,552
Commitments to buy mortgage-backed securities (2) 181,878
Commitments to sell mortgage-backed securities (2) 114,311
Cash and cash equivalents (3) 1,160
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 9 and table 10.
4. Information on Principal Accounts of Maiden Lane LLC
Millions of dollars
Wednesday
Account name May 27, 2009
Net portfolio holdings of Maiden Lane LLC (1) 25,717
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) 326
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3) 1,212
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, 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 10.
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 9 and table 10.
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 27, 2009
Net portfolio holdings of Maiden Lane II LLC (1) 16,252
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 17,877
Accrued interest payable to the Federal Reserve Bank of New York (2) 138
Deferred payment and accrued interest payable to subsidiaries of American International
Group, Inc. (3) 1,017
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, 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 10.
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 9 and table 10.
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 27, 2009
Net portfolio holdings of Maiden Lane III LLC (1) 20,379
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 22,992
Accrued interest payable to the Federal Reserve Bank of New York (2) 187
Outstanding principal amount and accrued interest on loan payable to American International
Group, Inc. (3) 5,093
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, 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 10.
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 9 and table 10.
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 27, 2009
Commercial paper holdings, net (1) 145,718
Other investments, net 3,671
Net portfolio holdings of Commercial Paper Funding Facility LLC 149,389
Memorandum: Commercial paper holdings, face value 146,504
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 145,587
Accrued interest payable to the Federal Reserve Bank of New York (2) 40
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 10.
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 LLCs Funded through the Money Market Investor Funding Facility
Millions of dollars
Wednesday
Account name May 27, 2009
Money market instrument holdings, net (1) 0
Other investments, net 0
Net portfolio holdings of LLCs funded through the Money Market Investor Funding Facility 0
Memorandum: Money market instrument 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
Commercial paper issued by LLCs funded through the Money Market Investor Funding Facility,
net of related discounts 0
1. Book value, which includes amortized cost.
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 10.
Note: The Federal Reserve Board authorized the Federal Reserve Bank of New York to extend credit under the
authority of section 13(3) of the Federal Reserve Act to a series of limited liability companies funded through
the Money Market Investor Funding Facility (MMIFF). The MMIFF became operational on November 24, 2008. These
limited liability companies were established to purchase short-term U.S. dollar-denominated certificates of
deposit, bank notes, and outstanding asset-backed commercial paper from eligible issuers. Such purchases are
designed to foster liquidity in short-term money markets.
9. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of dollars
Eliminations Change since
from Wednesday Wednesday Wednesday
Assets, liabilities, and capital consolidation May 27, 2009 May 20, 2009 May 28, 2008
Assets
Gold certificate account 11,037 0 0
Special drawing rights certificate account 2,200 0 0
Coin 1,790 - 28 + 472
Securities, repurchase agreements, term auction
credit, and other loans 1,603,559 - 43,051 + 818,247
Securities held outright 1,107,447 + 16,021 + 616,356
U.S. Treasury securities (1) 600,142 + 16,871 + 109,051
Bills (2) 18,423 0 - 15,873
Notes and bonds, nominal (2) 534,022 + 15,097 + 121,630
Notes and bonds, inflation-indexed (2) 42,803 + 1,550 + 3,632
Inflation compensation (3) 4,894 + 223 - 338
Federal agency debt securities (2) 79,753 + 3,079 + 79,753
Mortgage-backed securities (4) 427,552 - 3,928 + 427,552
Repurchase agreements (5) 0 0 - 115,000
Term auction credit 372,540 - 56,295 + 222,540
Other loans 123,572 - 2,777 + 94,350
Net portfolio holdings of Commercial Paper
Funding Facility LLC (6) 149,389 - 7,694 + 149,389
Net portfolio holdings of LLCs funded through
the Money Market Investor Funding Facility (7) 0 0 0
Net portfolio holdings of Maiden Lane LLC (8) 25,717 + 34 + 25,717
Net portfolio holdings of Maiden Lane II LLC (9) 16,252 + 89 + 16,252
Net portfolio holdings of
Maiden Lane III LLC (10) 20,379 + 14 + 20,379
Items in process of collection (527) 1,259 + 852 - 643
Bank premises 2,198 + 2 + 46
Central bank liquidity swaps (11) 181,647 - 53,465 + 119,647
Other assets (12) 66,233 + 1,746 + 26,602
Total assets (527) 2,081,659 - 101,502 +1,176,107
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.
9. Consolidated Statement of Condition of All Federal Reserve Banks (continued)
Millions of dollars
Eliminations Change since
from Wednesday Wednesday Wednesday
Assets, liabilities, and capital consolidation May 27, 2009 May 20, 2009 May 28, 2008
Liabilities
Federal Reserve notes, net of F.R. Bank holdings 870,017 + 3,552 + 82,321
Reverse repurchase agreements (13) 65,879 - 1,879 + 27,514
Deposits (0) 1,090,438 - 105,524 +1,058,777
Depository institutions 877,011 - 78,209 + 850,123
U.S. Treasury, general account 11,048 - 26,881 + 6,633
U.S. Treasury, supplementary financing account 199,932 + 2 + 199,932
Foreign official 2,132 - 469 + 2,034
Other (0) 315 + 33 + 55
Deferred availability cash items (527) 4,120 + 1,316 + 511
Other liabilities and accrued dividends (14) 6,283 - 85 + 2,571
Total liabilities (527) 2,036,737 - 102,620 +1,171,695
Capital accounts
Capital paid in 24,027 + 200 + 4,113
Surplus 19,174 + 630 + 695
Other capital accounts 1,721 + 288 - 396
Total capital 44,922 + 1,118 + 4,412
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 10.
7. Refer to table 8 and the note on consolidation accompanying table 10.
8. Refer to table 4 and the note on consolidation accompanying table 10.
9. Refer to table 5 and the note on consolidation accompanying table 10.
10. Refer to table 6 and the note on consolidation accompanying table 10.
11. 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.
12. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates.
13. Cash value of agreements, which are collateralized by U.S. Treasury securities.
14. Includes the liabilities of Commercial Paper Funding Facility LLC, the LLCs funded through the Money Market
Investor Funding Facility, Maiden Lane LLC, Maiden Lane II LLC, and Maiden Lane III 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 10.
10. Statement of Condition of Each Federal Reserve Bank, May 27, 2009
Millions of dollars
Kansas San
Assets, liabilities, and capital Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas Francisco
Assets
Gold certificate account 11,037 412 3,895 450 467 882 1,356 911 329 197 335 621 1,182
Special drawing rights certificate acct. 2,200 115 874 83 104 147 166 212 71 30 66 98 234
Coin 1,790 67 80 149 143 236 202 222 38 62 129 177 286
Securities, repurchase agreements, term
auction credit, and other loans 1,603,559 60,686 742,131 32,659 50,693 105,711 150,209 127,505 47,277 19,292 52,318 58,088 156,988
Securities held outright 1,107,447 21,244 432,874 17,181 43,753 39,909 133,432 119,838 43,386 18,334 49,989 53,547 133,960
U.S. Treasury securities (1) 600,142 11,513 234,581 9,311 23,710 21,627 72,309 64,942 23,511 9,936 27,090 29,018 72,595
Bills (2) 18,423 353 7,201 286 728 664 2,220 1,994 722 305 832 891 2,228
Notes and bonds (3) 581,719 11,159 227,380 9,025 22,983 20,963 70,089 62,948 22,790 9,631 26,258 28,127 70,367
Federal agency debt securities (2) 79,753 1,530 31,173 1,237 3,151 2,874 9,609 8,630 3,124 1,320 3,600 3,856 9,647
Mortgage-backed securities (4) 427,552 8,202 167,120 6,633 16,892 15,408 51,514 46,266 16,750 7,078 19,299 20,673 51,718
Repurchase agreements (5) 0 0 0 0 0 0 0 0 0 0 0 0 0
Term auction credit 372,540 13,337 216,558 15,324 6,940 64,993 16,559 5,900 3,834 771 2,301 4,195 21,830
Other loans 123,572 26,105 92,699 154 0 810 218 1,768 58 187 28 346 1,199
Net portfolio holdings of Commercial
Paper Funding Facility LLC (6) 149,389 0 149,389 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of LLCs funded
through the Money Market Investor
Funding Facility (7) 0 0 0 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of Maiden Lane
LLC (8) 25,717 0 25,717 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of Maiden
Lane II LLC (9) 16,252 0 16,252 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of Maiden
Lane III LLC (10) 20,379 0 20,379 0 0 0 0 0 0 0 0 0 0
Items in process of collection 1,786 51 0 195 130 99 431 155 341 89 109 93 94
Bank premises 2,198 122 216 67 146 236 223 208 135 112 271 249 213
Central bank liquidity swaps (11) 181,647 7,586 42,667 20,800 13,945 53,730 14,480 6,320 1,884 2,914 1,868 2,435 13,017
Other assets (12) 66,233 1,828 22,858 3,389 3,452 8,654 6,822 5,208 1,872 1,086 2,101 2,323 6,640
Interdistrict settlement account 0 + 14,048 - 48,608 + 500 + 5,153 + 87,068 - 21,382 - 35,745 - 16,710 - 1,198 - 5,895 - 1,914 + 24,684
Total assets 2,082,185 84,913 975,849 58,292 74,234 256,763 152,506 104,996 35,236 22,584 51,303 62,169 203,339
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.
10. Statement of Condition of Each Federal Reserve Bank, May 27, 2009 (continued)
Millions of dollars
Kansas San
Assets, liabilities, and capital Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas Francisco
Liabilities
Federal Reserve notes outstanding 1,050,272 36,543 373,764 40,240 45,285 80,385 132,963 87,459 31,325 20,042 28,855 62,946 110,466
Less: Notes held by F.R. Banks 180,255 4,612 58,148 5,029 7,565 11,760 28,284 12,463 4,100 2,934 3,137 18,822 23,401
Federal Reserve notes, net 870,017 31,931 315,616 35,210 37,720 68,625 104,678 74,996 27,226 17,108 25,718 44,124 87,065
Reverse repurchase agreements (13) 65,879 1,264 25,750 1,022 2,603 2,374 7,937 7,129 2,581 1,091 2,974 3,185 7,969
Deposits 1,090,438 49,573 620,037 16,327 29,906 171,952 35,775 20,349 4,428 2,747 21,756 13,811 103,776
Depository institutions 877,011 49,558 406,753 16,323 29,902 171,851 35,772 20,347 4,420 2,747 21,755 13,810 103,774
U.S. Treasury, general account 11,048 0 11,048 0 0 0 0 0 0 0 0 0 0
U.S. Treasury, supplementary
financing account 199,932 0 199,932 0 0 0 0 0 0 0 0 0 0
Foreign official 2,132 2 2,103 4 3 11 3 1 0 1 0 1 3
Other 315 13 201 0 1 90 0 1 7 0 1 0 0
Deferred availability cash items 4,647 147 0 664 541 193 417 516 335 402 265 275 891
Other liabilities and accrued
dividends (14) 6,283 146 3,501 182 211 501 425 338 165 117 141 191 364
Total liabilities 2,037,263 83,060 964,904 53,406 70,980 243,645 149,234 103,327 34,735 21,466 50,854 61,586 200,066
Capital
Capital paid in 24,027 920 7,240 2,427 1,619 6,522 1,562 792 238 633 206 273 1,593
Surplus 19,174 844 3,705 2,316 1,552 5,981 1,612 704 210 324 208 271 1,449
Other capital 1,721 89 0 144 83 614 98 174 54 160 34 39 231
Total liabilities and capital 2,082,185 84,913 975,849 58,292 74,234 256,763 152,506 104,996 35,236 22,584 51,303 62,169 203,339
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.
10. Statement of Condition of Each Federal Reserve Bank, May 27, 2009 (continued)
1. Includes securities lent to dealers under the overnight and term securities lending facilities; refer to table 1A.
2. Face value of the securities.
3. Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face value of such securities.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the underlying mortgages.
5. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.
6. Refer to table 7 and the note on consolidation below.
7. Refer to table 8 and the note on consolidation below.
8. Refer to table 4 and the note on consolidation below.
9. Refer to table 5 and the note on consolidation below.
10. Refer to table 6 and the note on consolidation below.
11. 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.
12. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates.
13. Cash value of agreements, which are collateralized by U.S. Treasury securities.
14. Includes the liabilities of Commercial Paper Funding Facility LLC, the LLCs funded through the Money Market Investor Funding Facility, Maiden Lane LLC, Maiden Lane II LLC, and Maiden
Lane III 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 October 21, 2008, the Federal Reserve Board authorized the FRBNY
to extend credit to a series of LLCs funded through the Money Market Investor Funding Facility. These LLCs, which became operational on November 24, 2008, were established to purchase
short-term U.S. dollar-denominated certificates of deposit, bank notes, and 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.
The FRBNY is the sole beneficiary of Commercial Paper Funding Facility LLC and the primary beneficiary of the other LLCs cited above. 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 9), 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 9).
11. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts
Millions of dollars
Federal Reserve notes and collateral Wednesday
May 27, 2009
Federal Reserve notes outstanding 1,050,272
Less: Notes held by F.R. Banks not subject to collateralization 180,255
Federal Reserve notes to be collateralized 870,017
Collateral held against Federal Reserve notes 870,017
Gold certificate account 11,037
Special drawing rights certificate account 2,200
U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 856,780
Other assets pledged 0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 1,107,447
Less: Face value of securities under reverse repurchase agreements 65,897
U.S. Treasury, agency debt, and mortgage-backed securities
eligible to be pledged 1,041,549
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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