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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
June 25, 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 Jun 24, 2009 Jun 17, 2009 Jun 25, 2008 Jun 24, 2009
Reserve Bank credit 1,996,597 - 58,524 +1,122,120 2,009,732
Securities held outright 1,207,055 + 30,765 + 728,282 1,217,044
U.S. Treasury securities (1) 647,828 + 14,699 + 169,055 653,193
Bills (2) 18,423 0 - 3,317 18,423
Notes and bonds, nominal (2) 581,608 + 14,671 + 169,216 586,963
Notes and bonds, inflation-indexed (2) 42,803 0 + 3,632 42,803
Inflation compensation (3) 4,994 + 28 - 476 5,004
Federal agency debt securities (2) 92,113 + 4,289 + 92,113 96,626
Mortgage-backed securities (4) 467,114 + 11,777 + 467,114 467,226
Repurchase agreements (5) 0 0 - 121,679 0
Term auction credit 282,808 - 53,758 + 132,808 282,808
Other loans 123,703 - 35 + 102,829 132,659
Primary credit 39,095 + 2,913 + 24,393 49,196
Secondary credit 84 + 84 + 84 20
Seasonal credit 39 + 17 - 38 50
Primary dealer and other broker-dealer credit (6) 0 0 - 6,095 0
Asset-Backed Commercial Paper Money Market
Mutual Fund Liquidity Facility 16,692 - 2,718 + 16,692 15,476
Credit extended to American International
Group, Inc. (7) 42,596 - 308 + 42,596 42,741
Term Asset-Backed Securities Loan Facility 25,197 - 22 + 25,197 25,176
Other credit extensions 0 0 0 0
Net portfolio holdings of Commercial Paper
Funding Facility LLC (8) 128,073 - 7,930 + 128,073 124,032
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) 25,876 - 5 + 25,876 25,885
Net portfolio holdings of Maiden Lane II LLC (11) 15,955 + 12 + 15,955 15,961
Net portfolio holdings of Maiden Lane III LLC (12) 20,144 + 115 + 20,144 20,159
Float -1,768 + 367 - 621 -2,078
Central bank liquidity swaps (13) 121,590 - 28,692 + 59,590 119,430
Other Federal Reserve assets (14) 73,161 + 636 + 30,863 73,833
Gold stock 11,041 0 0 11,041
Special drawing rights certificate account 2,200 0 0 2,200
Treasury currency outstanding (15) 42,417 + 14 + 3,708 42,417
Total factors supplying reserve funds 2,052,255 - 58,510 +1,125,829 2,065,390
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 Jun 24, 2009 Jun 17, 2009 Jun 25, 2008 Jun 24, 2009
Currency in circulation (15) 906,600 - 716 + 83,791 907,596
Reverse repurchase agreements (16) 71,813 + 2,722 + 31,439 71,941
Foreign official and international accounts 71,813 + 2,722 + 31,439 71,941
Dealers 0 0 0 0
Treasury cash holdings 314 + 9 + 38 318
Deposits with F.R. Banks, other than reserve balances 326,448 + 64,200 + 313,938 290,287
U.S. Treasury, general account 118,671 + 76,414 + 113,601 78,847
U.S. Treasury, supplementary financing account 199,939 0 + 199,939 199,939
Foreign official 2,465 - 679 + 2,365 2,212
Service-related 4,193 - 24 - 2,862 4,193
Required clearing balances 4,193 - 24 - 2,862 4,193
Adjustments to compensate for float 0 0 0 0
Other 1,180 - 11,512 + 895 5,096
Other liabilities and capital (17) 54,453 + 265 + 10,126 54,290
Total factors, other than reserve balances,
absorbing reserve funds 1,359,626 + 66,477 + 439,330 1,324,433
Reserve balances with Federal Reserve Banks 692,628 - 124,988 + 686,498 740,957
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
Jun 24, 2009 Jun 17, 2009 Jun 25, 2008 Jun 24, 2009
Marketable securities held in custody for foreign
official and international accounts (1) 2,764,033 + 12,323 + 441,658 2,753,887
U.S. Treasury securities 1,956,646 + 15,172 + 603,212 1,947,536
Federal agency securities (2) 807,387 - 2,849 - 161,554 806,351
Securities lent to dealers 22,723 - 3,632 - 89,349 20,424
Overnight facility (3) 14,687 + 4,082 + 9,075 13,674
Term facility (4) 8,036 - 7,714 - 98,424 6,750
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, June 24, 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 95,438 187,370 --- --- --- --- 282,808
Other loans (1) 45,612 19,051 79 67,917 0 --- 132,659
U.S. Treasury securities (2)
Holdings 15,158 25,412 61,206 262,703 166,750 121,964 653,193
Weekly changes - 2,503 + 2,504 + 2 + 1,086 + 13,425 + 12 + 14,525
Federal agency debt securities (3)
Holdings 0 946 6,518 68,200 20,146 816 96,626
Weekly changes 0 0 + 592 + 5,949 + 320 0 + 6,861
Mortgage-backed securities (4)
Holdings 0 0 0 0 0 467,226 467,226
Weekly changes 0 0 0 0 0 + 11,262 + 11,262
Commercial paper held by
Commercial Paper Funding
Facility LLC (5) 12,524 108,079 0 --- --- --- 120,603
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) 60,282 59,148 0 0 0 0 119,430
Reverse repurchase agreements (7) 71,941 0 --- --- --- --- 71,941
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 Jun 24, 2009
Mortgage-backed securities held outright (1) 467,226
Commitments to buy mortgage-backed securities (2) 158,186
Commitments to sell mortgage-backed securities (2) 41,894
Cash and cash equivalents (3) 113
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 Jun 24, 2009
Net portfolio holdings of Maiden Lane LLC (1) 25,885
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) 337
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3) 1,216
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 Jun 24, 2009
Net portfolio holdings of Maiden Lane II LLC (1) 15,961
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 17,553
Accrued interest payable to the Federal Reserve Bank of New York (2) 156
Deferred payment and accrued interest payable to subsidiaries of American International
Group, Inc. (3) 1,019
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 Jun 24, 2009
Net portfolio holdings of Maiden Lane III LLC (1) 20,159
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 22,400
Accrued interest payable to the Federal Reserve Bank of New York (2) 210
Outstanding principal amount and accrued interest on loan payable to American International
Group, Inc. (3) 5,106
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 Jun 24, 2009
Commercial paper holdings, net (1) 120,139
Other investments, net 3,892
Net portfolio holdings of Commercial Paper Funding Facility LLC 124,032
Memorandum: Commercial paper holdings, face value 120,603
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 119,859
Accrued interest payable to the Federal Reserve Bank of New York (2) 45
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 Jun 24, 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 Jun 24, 2009 Jun 17, 2009 Jun 25, 2008
Assets
Gold certificate account 11,037 0 0
Special drawing rights certificate account 2,200 0 0
Coin 1,779 - 2 + 446
Securities, repurchase agreements, term auction
credit, and other loans 1,632,511 - 11,423 + 858,562
Securities held outright 1,217,044 + 32,647 + 738,248
U.S. Treasury securities (1) 653,193 + 14,525 + 174,397
Bills (2) 18,423 0 - 3,317
Notes and bonds, nominal (2) 586,963 + 14,497 + 174,571
Notes and bonds, inflation-indexed (2) 42,803 0 + 3,632
Inflation compensation (3) 5,004 + 28 - 490
Federal agency debt securities (2) 96,626 + 6,861 + 96,626
Mortgage-backed securities (4) 467,226 + 11,262 + 467,226
Repurchase agreements (5) 0 0 - 129,750
Term auction credit 282,808 - 53,758 + 132,808
Other loans 132,659 + 9,687 + 117,257
Net portfolio holdings of Commercial Paper
Funding Facility LLC (6) 124,032 - 8,050 + 124,032
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) 25,885 + 10 + 25,885
Net portfolio holdings of Maiden Lane II LLC (9) 15,961 + 7 + 15,961
Net portfolio holdings of
Maiden Lane III LLC (10) 20,159 + 17 + 20,159
Items in process of collection (257) 479 - 240 - 734
Bank premises 2,202 + 2 + 48
Central bank liquidity swaps (11) 119,430 - 29,133 + 57,430
Other assets (12) 71,653 + 1,901 + 31,402
Total assets (257) 2,027,327 - 46,912 +1,133,190
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 Jun 24, 2009 Jun 17, 2009 Jun 25, 2008
Liabilities
Federal Reserve notes, net of F.R. Bank holdings 867,273 - 248 + 79,310
Reverse repurchase agreements (13) 71,941 + 1,775 + 29,892
Deposits (0) 1,031,267 - 48,613 +1,013,880
Depository institutions 745,173 + 1,221 + 732,340
U.S. Treasury, general account 78,847 - 53,990 + 74,639
U.S. Treasury, supplementary financing account 199,939 0 + 199,939
Foreign official 2,212 - 646 + 2,112
Other (0) 5,096 + 4,802 + 4,850
Deferred availability cash items (257) 2,557 - 306 - 71
Other liabilities and accrued dividends (14) 6,395 - 85 + 2,673
Total liabilities (257) 1,979,431 - 47,479 +1,125,681
Capital accounts
Capital paid in 24,248 + 1 + 4,371
Surplus 21,256 + 86 + 2,770
Other capital accounts 2,392 + 479 + 368
Total capital 47,896 + 566 + 7,509
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, June 24, 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 1,779 61 72 148 140 234 211 219 39 60 129 180 286
Securities, repurchase agreements, term
auction credit, and other loans 1,632,511 50,343 779,936 38,030 54,910 64,332 152,746 137,003 51,041 20,773 57,005 62,023 164,369
Securities held outright 1,217,044 23,347 475,713 18,881 48,083 43,859 146,637 131,697 47,679 20,149 54,936 58,846 147,218
U.S. Treasury securities (1) 653,193 12,530 255,317 10,134 25,806 23,539 78,701 70,682 25,590 10,814 29,485 31,583 79,012
Bills (2) 18,423 353 7,201 286 728 664 2,220 1,994 722 305 832 891 2,228
Notes and bonds (3) 634,770 12,177 248,116 9,848 25,079 22,875 76,481 68,689 24,868 10,509 28,653 30,692 76,784
Federal agency debt securities (2) 96,626 1,854 37,769 1,499 3,818 3,482 11,642 10,456 3,785 1,600 4,362 4,672 11,688
Mortgage-backed securities (4) 467,226 8,963 182,627 7,249 18,459 16,837 56,294 50,559 18,304 7,735 21,090 22,591 56,517
Repurchase agreements (5) 0 0 0 0 0 0 0 0 0 0 0 0 0
Term auction credit 282,808 11,340 191,878 18,878 6,683 19,550 5,935 3,725 3,241 398 2,053 3,106 16,021
Other loans 132,659 15,657 112,345 271 144 923 174 1,580 121 226 16 71 1,131
Net portfolio holdings of Commercial
Paper Funding Facility LLC (6) 124,032 0 124,032 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) 25,885 0 25,885 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of Maiden
Lane II LLC (9) 15,961 0 15,961 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of Maiden
Lane III LLC (10) 20,159 0 20,159 0 0 0 0 0 0 0 0 0 0
Items in process of collection 736 32 0 123 81 41 134 69 49 50 62 50 44
Bank premises 2,202 122 220 67 147 237 223 207 135 112 271 248 214
Central bank liquidity swaps (11) 119,430 4,897 29,705 13,429 9,003 34,688 9,349 4,080 1,216 1,882 1,206 1,572 8,404
Other assets (12) 71,653 1,925 25,036 3,578 3,650 8,847 7,444 5,773 2,058 1,169 2,333 2,570 7,269
Interdistrict settlement account 0 + 11,015 - 17,129 - 1,038 + 2,935 + 110,122 - 26,113 - 37,847 - 20,260 - 1,865 - 15,739 - 4,683 + 602
Total assets 2,027,584 68,923 1,008,643 54,871 71,437 219,531 145,514 110,628 34,679 22,408 45,669 62,679 182,603
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, June 24, 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 1,053,037 36,194 378,928 39,906 45,004 81,861 132,909 86,891 31,032 19,873 28,521 62,401 109,516
Less: Notes held by F.R. Banks 185,764 4,916 57,728 6,311 8,398 12,553 27,827 13,170 4,172 3,004 3,378 19,338 24,970
Federal Reserve notes, net 867,273 31,278 321,200 33,595 36,606 69,309 105,082 73,721 26,860 16,869 25,143 43,064 84,547
Reverse repurchase agreements (13) 71,941 1,380 28,120 1,116 2,842 2,593 8,668 7,785 2,818 1,191 3,247 3,478 8,702
Deposits 1,031,267 34,168 642,414 14,442 28,101 133,806 27,771 26,810 4,240 2,744 16,477 15,172 85,124
Depository institutions 745,173 34,139 356,445 14,437 28,097 133,736 27,768 26,807 4,232 2,743 16,475 15,171 85,122
U.S. Treasury, general account 78,847 0 78,847 0 0 0 0 0 0 0 0 0 0
U.S. Treasury, supplementary
financing account 199,939 0 199,939 0 0 0 0 0 0 0 0 0 0
Foreign official 2,212 2 2,182 4 3 11 3 1 0 1 0 1 3
Other 5,096 27 5,000 0 1 59 0 2 7 0 1 0 0
Deferred availability cash items 2,814 83 0 453 372 106 253 265 79 306 192 175 531
Other liabilities and accrued
dividends (14) 6,395 151 3,396 201 226 554 451 367 175 124 152 202 396
Total liabilities 1,979,689 67,060 995,129 49,807 68,147 206,367 142,225 108,947 34,172 21,233 45,212 62,091 179,300
Capital
Capital paid in 24,248 920 7,247 2,607 1,620 6,558 1,560 791 238 633 207 273 1,592
Surplus 21,256 844 5,786 2,316 1,552 5,981 1,612 704 210 324 208 271 1,449
Other capital 2,392 98 482 141 118 624 118 187 60 217 42 44 261
Total liabilities and capital 2,027,584 68,923 1,008,643 54,871 71,437 219,531 145,514 110,628 34,679 22,408 45,669 62,679 182,603
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, June 24, 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
Jun 24, 2009
Federal Reserve notes outstanding 1,053,037
Less: Notes held by F.R. Banks not subject to collateralization 185,764
Federal Reserve notes to be collateralized 867,273
Collateral held against Federal Reserve notes 867,273
Gold certificate account 11,037
Special drawing rights certificate account 2,200
U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 854,036
Other assets pledged 0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 1,217,044
Less: Face value of securities under reverse repurchase agreements 71,857
U.S. Treasury, agency debt, and mortgage-backed securities
eligible to be pledged 1,145,188
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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