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FEDERAL RESERVE statistical release
H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
January 21, 2010
1. Factors Affecting Reserve Balances of Depository Institutions
Millions of dollars
Reserve Bank credit, related items, and Averages of daily figures
reserve balances of depository institutions at Week ended Change from week ended Wednesday
Federal Reserve Banks Jan 20, 2010 Jan 13, 2010 Jan 21, 2009 Jan 20, 2010
Reserve Bank credit 2,230,849 + 5,144 + 189,673 2,233,078
Securities held outright (1) 1,906,189 + 49,875 +1,400,866 1,909,715
U.S. Treasury securities 776,609 + 9 + 301,228 776,611
Bills (2) 18,423 0 0 18,423
Notes and bonds, nominal (2) 708,697 + 1,048 + 295,783 708,872
Notes and bonds, inflation-indexed (2) 43,901 - 742 + 4,523 43,777
Inflation compensation (3) 5,588 - 298 + 921 5,539
Federal agency debt securities (2) 161,183 + 490 + 137,025 162,203
Mortgage-backed securities (4) 968,398 + 49,377 + 962,614 970,901
Repurchase agreements (5) 0 0 - 37,143 0
Term auction credit 38,531 - 37,387 - 377,500 38,531
Other loans 86,162 - 1,833 - 62,136 86,944
Primary credit 15,112 - 2,388 - 46,506 14,930
Secondary credit 973 + 7 + 899 968
Seasonal credit 0 - 1 - 1 0
Primary dealer and other broker-dealer credit (6) 0 0 - 32,679 0
Asset-Backed Commercial Paper Money Market
Mutual Fund Liquidity Facility 0 0 - 15,482 0
Credit extended to American International
Group, Inc., net (7) 22,420 + 210 - 16,025 23,389
Term Asset-Backed Securities Loan Facility, net (8) 47,657 + 338 + 47,657 47,657
Other credit extensions 0 0 0 0
Net portfolio holdings of Commercial Paper
Funding Facility LLC (9) 13,813 - 268 - 336,127 13,111
Net portfolio holdings of Maiden Lane LLC (10) 26,744 + 7 - 387 26,758
Net portfolio holdings of Maiden Lane II LLC (11) 15,406 + 3 - 4,396 15,415
Net portfolio holdings of Maiden Lane III LLC (12) 22,411 + 61 - 4,535 22,471
Net portfolio holdings of TALF LLC (13) 298 0 + 298 298
Preferred interests in AIA Aurora LLC and ALICO
Holdings LLC (14) 25,106 0 + 25,106 25,106
Float -1,984 + 59 - 436 -2,927
Central bank liquidity swaps (15) 1,250 - 6,946 - 467,275 1,250
Other Federal Reserve assets (16) 96,923 + 1,571 + 53,337 96,406
Gold stock 11,041 0 0 11,041
Special drawing rights certificate account 5,200 0 + 3,000 5,200
Treasury currency outstanding (17) 42,726 + 14 + 1,377 42,726
Total factors supplying reserve funds 2,289,815 + 5,157 + 194,049 2,292,044
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.
1. Factors Affecting Reserve Balances of Depository Institutions (continued)
Millions of dollars
Reserve Bank credit, related items, and Averages of daily figures
reserve balances of depository institutions at Week ended Change from week ended Wednesday
Federal Reserve Banks Jan 20, 2010 Jan 13, 2010 Jan 21, 2009 Jan 20, 2010
Currency in circulation (17) 919,286 - 1,165 + 34,397 919,651
Reverse repurchase agreements (18) 64,037 + 1,247 - 12,217 62,930
Foreign official and international accounts 64,037 + 1,247 - 12,217 62,930
Dealers 0 0 0 0
Treasury cash holdings 254 + 1 - 20 251
Deposits with F.R. Banks, other than reserve balances 159,159 - 15,754 - 82,177 181,830
U.S. Treasury, general account 143,908 + 7,526 + 108,398 170,437
U.S. Treasury, supplementary financing account 5,001 0 - 194,746 5,001
Foreign official 3,160 + 49 + 2,969 3,215
Service-related 2,761 - 261 - 1,643 2,761
Required clearing balances 2,761 - 260 - 1,643 2,761
Adjustments to compensate for float 0 0 0 0
Other 4,329 - 23,068 + 2,844 415
Other liabilities and capital (19) 68,149 + 1,132 + 18,191 67,136
Total factors, other than reserve balances,
absorbing reserve funds 1,210,884 - 14,541 - 41,827 1,231,796
Reserve balances with Federal Reserve Banks 1,078,931 + 19,698 + 235,877 1,060,248
Note: Components may not sum to totals because of rounding.
1. Includes securities lent to dealers under the overnight and term securities lending facilities; refer
to table 1A.
2. Face value of the securities.
3. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed
securities.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is
the remaining principal balance of the underlying mortgages.
5. Cash value of agreements.
6. Includes credit extended through the Primary Dealer Credit Facility and credit extended to certain
other broker-dealers.
7. Includes outstanding principal and capitalized interest net of unamortized deferred commitment fees and
allowance for loan restructuring. Excludes credit extended to consolidated LLCs.
8. Includes credit extended by the Federal Reserve Bank of New York to eligible borrowers through the Term
Asset-Backed Securities Loan Facility, net of unamortized deferred administrative fees.
9. Refer to table 7 and the note on consolidation accompanying table 11.
10. Refer to table 4 and the note on consolidation accompanying table 11.
11. Refer to table 5 and the note on consolidation accompanying table 11.
12. Refer to table 6 and the note on consolidation accompanying table 11.
13. Refer to table 8 and the note on consolidation accompanying table 11.
14. Refer to table 9.
15. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when
the foreign currency is returned to the foreign central bank. This exchange rate equals the market exchange
rate used when the foreign currency was acquired from the foreign central bank.
16. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates,
and accrued dividends on the Federal Reserve Bank of New York's preferred interests in AIA Aurora LLC and
ALICO Holdings LLC.
17. Estimated.
18. Cash value of agreements, which are collateralized by U.S. Treasury securities and federal agency debt
securities.
19. Includes the liabilities of Commercial Paper Funding Facility LLC, Maiden Lane LLC, Maiden Lane II LLC,
Maiden Lane III LLC, and TALF LLC to entities other than the Federal Reserve Bank of New York, including
liabilities that have recourse only to the portfolio holdings of these LLCs. Refer to table 4 through
table 8 and the note on consolidation accompanying table 11.
Sources: Federal Reserve Banks and the U.S. Department of the Treasury.
1A. Memorandum Items
Millions of dollars
Averages of daily figures
Memorandum item Week ended Change from week ended Wednesday
Jan 20, 2010 Jan 13, 2010 Jan 21, 2009 Jan 20, 2010
Marketable securities held in custody for foreign
official and international accounts (1) 2,945,806 - 4,951 + 404,507 2,951,011
U.S. Treasury securities 2,178,732 - 5,045 + 443,681 2,183,520
Federal agency securities (2) 767,074 + 93 - 39,174 767,490
Securities lent to dealers 6,217 - 3,477 - 134,585 5,460
Overnight facility (3) 6,217 - 3,477 - 1,485 5,460
U.S. Treasury securities 5,722 - 3,460 - 1,980 5,002
Federal agency debt securities 495 - 17 + 495 458
Term facility (4) 0 0 - 133,100 0
Note: Components may not sum to totals because of rounding.
1. Face value of the securities. Includes U.S. Treasury STRIPS, other zero-coupon bonds, and mortgage-backed
securities at face value.
2. Includes debt and mortgage-backed securities.
3. Fully collateralized by U.S. Treasury securities.
4. U.S. Treasury securities only. Fully collateralized by U.S. Treasury securities, federal agency securities, and other highly rated debt securities.
2. Maturity Distribution of Term Auction Credit, Other Loans, and Securities, January 20, 2010
Millions of dollars
Remaining maturity Within 15 16 days to 91 days to Over 1 year Over 5 years Over 10 All
days 90 days 1 year to 5 years to 10 years years
Term auction credit 0 38,531 --- --- --- --- 38,531
Other loans (1) 15,430 468 0 71,046 0 --- 86,944
U.S. Treasury securities (2)
Holdings 14,407 28,796 46,209 327,155 214,776 145,267 776,611
Weekly changes - 4,859 + 7,592 - 4,564 + 277 + 1,053 + 508 + 8
Federal agency debt securities (3)
Holdings 0 3,131 23,018 100,336 33,371 2,347 162,203
Weekly changes - 68 0 + 446 + 2,063 - 1,067 0 + 1,374
Mortgage-backed securities (4)
Holdings 0 0 0 0 0 970,901 970,901
Weekly changes 0 0 0 0 0 + 2,311 + 2,311
Commercial paper held by
Commercial Paper Funding
Facility LLC (5) 7,463 977 0 --- --- --- 8,440
Asset-backed securities held by
TALF LLC (6) 0 0 0 0 0 0 0
Repurchase agreements (7) 0 0 --- --- --- --- 0
Central bank liquidity swaps (8) 1,150 100 0 0 0 0 1,250
Reverse repurchase agreements (7) 62,930 0 --- --- --- --- 62,930
Note: Components may not sum to totals because of rounding.
--- Not applicable.
1. Excludes the loans from the Federal Reserve Bank of New York (FRBNY) to Commercial Paper Funding Facility LLC, Maiden
Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC. The loans were eliminated when preparing the FRBNY's
statement of condition consistent with consolidation under generally accepted accounting principles.
2. Face value. For inflation-indexed securities, includes the original face value and compensation that adjusts for
the effect of inflation on the original face value of such securities.
3. Face value.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining
principal balance of the underlying mortgages.
5. Face value of commercial paper held by Commercial Paper Funding Facility LLC.
6. Face value of asset-backed securities held by TALF LLC, which is the remaining principal balance of the underlying assets.
7. Cash value of agreements.
8. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign
currency is returned to the foreign central bank. This exchange rate equals the market exchange rate used when the
foreign currency was acquired from the foreign central bank.
3. Supplemental Information on Mortgage-Backed Securities Purchase Program
Millions of dollars
Wednesday
Account name Jan 20, 2010
Mortgage-backed securities held outright (1) 970,901
Commitments to buy mortgage-backed securities (2) 129,643
Commitments to sell mortgage-backed securities (2) 3,345
Cash and cash equivalents (3) 811
1. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the
remaining principal balance of the underlying mortgages.
2. Current face value. Generally settle within 180 days and include commitments associated with outright
transactions as well as dollar rolls.
3. This amount is included in other Federal Reserve assets in table 1 and in other assets in table 10 and table 11.
4. Information on Principal Accounts of Maiden Lane LLC
Millions of dollars
Wednesday
Account name Jan 20, 2010
Net portfolio holdings of Maiden Lane LLC (1) 26,758
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) 421
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3) 1,252
1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if
the transaction were to be conducted in an orderly market on the measurement date. Revalued quarterly.
This table reflects valuations as of September 30, 2009. Any assets purchased after this valuation date
are initially recorded at cost until their estimated fair value as of the purchase date becomes available.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement
of condition consistent with consolidation under generally accepted accounting principles. Refer to
the note on consolidation accompanying table 11.
3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1
and in other liabilities and accrued dividends in table 10 and table 11.
Note: On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended credit to Maiden Lane LLC
under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed
to acquire certain assets of Bear Stearns and to manage those assets through time to maximize repayment of
the credit extended and to minimize disruption to financial markets. Payments by Maiden Lane LLC from the
proceeds of the net portfolio holdings will be made in the following order: operating expenses of the LLC,
principal due to the FRBNY, interest due to the FRBNY, principal due to JPMorgan Chase & Co., and interest
due to JPMorgan Chase & Co. Any remaining funds will be paid to the FRBNY.
5. Information on Principal Accounts of Maiden Lane II LLC
Millions of dollars
Wednesday
Account name Jan 20, 2010
Net portfolio holdings of Maiden Lane II LLC (1) 15,415
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 15,479
Accrued interest payable to the Federal Reserve Bank of New York (2) 276
Deferred payment and accrued interest payable to subsidiaries of American International
Group, Inc. (3) 1,038
1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if
the transaction were to be conducted in an orderly market on the measurement date. Revalued quarterly.
This table reflects valuations as of September 30, 2009. Any assets purchased after this valuation date
are initially recorded at cost until their estimated fair value as of the purchase date becomes available.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement
of condition consistent with consolidation under generally accepted accounting principles. Refer to the
note on consolidation accompanying table 11.
3. Book value. The deferred payment represents the portion of the proceeds of the net portfolio holdings due
to subsidiaries of American International Group, Inc. in accordance with the asset purchase agreement.
The fair value of this payment and accrued interest payable are included in other liabilities and capital
in table 1 and in other liabilities and accrued dividends in table 10 and table 11.
Note: On December 12, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden
Lane II LLC under the authority of section 13(3) of the Federal Reserve Act. This limited liability company
was formed to purchase residential mortgage-backed securities from the U.S. securities lending reinvestment
portfolio of subsidiaries of American International Group, Inc. (AIG subsidiaries). Payments by Maiden
Lane II LLC from the proceeds of the net portfolio holdings will be made in the following order: operating
expenses of Maiden Lane II LLC, principal due to the FRBNY, interest due to the FRBNY, and deferred payment
and interest due to AIG subsidiaries. Any remaining funds will be shared by the FRBNY and AIG subsidiaries.
6. Information on Principal Accounts of Maiden Lane III LLC
Millions of dollars
Wednesday
Account name Jan 20, 2010
Net portfolio holdings of Maiden Lane III LLC (1) 22,471
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 17,743
Accrued interest payable to the Federal Reserve Bank of New York (2) 353
Outstanding principal amount and accrued interest on loan payable to American International
Group, Inc. (3) 5,202
1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if
the transaction were to be conducted in an orderly market on the measurement date. Revalued quarterly.
This table reflects valuations as of September 30, 2009. Any assets purchased after this valuation date
are initially recorded at cost until their estimated fair value as of the purchase date becomes available.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement
of condition consistent with consolidation under generally accepted accounting principles. Refer to the
note on consolidation accompanying table 11.
3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1
and in other liabilities and accrued dividends in table 10 and table 11.
Note: On November 25, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden Lane
III LLC under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was
formed to purchase multi-sector collateralized debt obligations (CDOs) on which the Financial Products group
of American International Group, Inc. (AIG) has written credit default swap (CDS) contracts. In connection
with the purchase of CDOs, the CDS counterparties will concurrently unwind the related CDS transactions.
Payments by Maiden Lane III LLC from the proceeds of the net portfolio holdings will be made in the following
order: operating expenses of Maiden Lane III LLC, principal due to the FRBNY, interest due to the FRBNY,
principal due to AIG, and interest due to AIG. Any remaining funds will be shared by the FRBNY and AIG.
7. Information on Principal Accounts of Commercial Paper Funding Facility LLC
Millions of dollars
Wednesday
Account name Jan 20, 2010
Commercial paper holdings, net (1) 8,294
Other investments, net 4,817
Net portfolio holdings of Commercial Paper Funding Facility LLC 13,111
Memorandum: Commercial paper holdings, face value 8,440
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 8,377
Accrued interest payable to the Federal Reserve Bank of New York (2) 5
1. Book value, which includes amortized cost and related fees.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of
condition consistent with consolidation under generally accepted accounting principles. Refer to the
note on consolidation accompanying table 11.
Note: On October 27, 2008, the Federal Reserve Bank of New York began extending loans under the authority of
section 13(3) of the Federal Reserve Act to Commercial Paper Funding Facility LLC. This LLC is a limited
liability company formed to purchase three-month U.S. dollar-denominated commercial paper from eligible issuers
and thereby foster liquidity in short-term funding markets and increase the availability of credit for
businesses and households.
8. Information on Principal Accounts of TALF LLC
Millions of dollars
Wednesday
Account name Jan 20, 2010
Asset-backed securities holdings (1) 0
Other investments, net 298
Net portfolio holdings of TALF LLC 298
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 0
Accrued interest payable to the Federal Reserve Bank of New York (2) 0
Funding provided by U.S. Treasury to TALF LLC, including accrued interest payable (3) 103
1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if
the transaction were to be conducted in an orderly market on the measurement date.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of
condition consistent with consolidation under generally accepted accounting principles. Refer to the note
on consolidation accompanying table 11.
3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1
and in other liabilities and accrued dividends in table 10 and table 11.
Note: On November 25, 2008, the Federal Reserve announced the creation of the Term Asset-Backed Securities Loan
Facility (TALF) under the authority of section 13(3) of the Federal Reserve Act. The TALF is a facility under
which the Federal Reserve Bank of New York (FRBNY) extends loans with a term of up to five years to holders of
eligible asset-backed securities. The TALF is intended to assist financial markets in accommodating the credit
needs of consumers and businesses by facilitating the issuance of asset-backed securities collateralized by a
variety of consumer and business loans. The loans provided through the TALF to eligible borrowers are non-recourse,
meaning that the obligation of the borrower can be discharged by surrendering the collateral to the FRBNY. The
loans are extended for the market value of the security less an amount known as a haircut. As a result, the
borrower bears the initial risk of a decline in the value of the security.
TALF LLC is a limited liability company formed to purchase and manage any asset-backed securities received by
the FRBNY in connection with the decision of a borrower not to repay a TALF loan. TALF LLC has committed, for a
fee, to purchase all asset-backed securities received by the FRBNY in conjunction with a TALF loan at a price
equal to the TALF loan plus accrued but unpaid interest. Losses on asset-backed securities held by TALF LLC
will be offset in the following order: by the commitment fees collected by TALF LLC, by the interest received on
investments of TALF LLC, by up to $20 billion in subordinated debt funding provided by the U.S. Treasury, and
finally, by senior debt funding provided by the FRBNY. Payments by TALF LLC from the proceeds of its net portfolio
holdings will be made in the following order: operating expenses of TALF LLC, principal due to the FRBNY, principal
due to the U.S. Treasury, interest due to the FRBNY, and interest due to the U.S. Treasury. Any remaining funds
will be shared by the FRBNY and the U.S. Treasury.
9. Supplemental Information on the Federal Reserve Bank of New York's Preferred Interests in AIA Aurora LLC and
ALICO Holdings LLC
Millions of dollars
Wednesday
Account name Jan 20, 2010
Preferred interests in AIA Aurora LLC and ALICO Holdings LLC (1) 25,106
Accrued dividends on preferred interests in AIA Aurora LLC and ALICO Holdings LLC (2) 69
Preferred interests in AIA Aurora LLC (1) 16,068
Accrued dividends on preferred interests in AIA Aurora LLC (2) 44
Preferred interests in ALICO Holdings LLC (1) 9,038
Accrued dividends on preferred interests in ALICO Holdings LLC (2) 25
Note: Components may not sum to totals because of rounding.
1. Book value.
2. This amount is included in other Federal Reserve assets in table 1 and in other assets in table 10 and table 11.
Note on preferred interests:
In conjunction with the restructuring of the government's assistance to American
International Group, Inc. (AIG) announced March 2, 2009, the outstanding balance and amount available of revolving
credit provided to AIG by the FRBNY has been reduced in exchange for preferred interests in two special purpose
vehicles, AIA Aurora LLC and ALICO Holdings LLC. These two limited liability companies were created to directly or
indirectly hold all of the outstanding common stock of American International Assurance Company Ltd. (AIA) and
American Life Insurance Company (ALICO), two life insurance subsidiaries of AIG. AIG will retain control of AIA
Aurora LLC and ALICO Holdings LLC, and the FRBNY will have certain consent, disposition, and conversion rights with
respect to its preferred interests.
Dividends accrue as a percentage of the FRBNY's preferred interests in AIA Aurora LLC and ALICO Holdings LLC. On a
quarterly basis, the accrued dividends are capitalized and added to the FRBNY's preferred interests in AIA Aurora LLC
and ALICO Holdings LLC.
10. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of dollars
Eliminations Change since
from Wednesday Wednesday Wednesday
Assets, liabilities, and capital consolidation Jan 20, 2010 Jan 13, 2010 Jan 21, 2009
Assets
Gold certificate account 11,037 0 0
Special drawing rights certificate account 5,200 0 + 3,000
Coin 2,150 + 52 + 361
Securities, repurchase agreements, term auction
credit, and other loans 2,035,190 - 32,509 + 944,365
Securities held outright (1) 1,909,715 + 3,693 +1,404,245
U.S. Treasury securities 776,611 + 8 + 301,289
Bills (2) 18,423 0 0
Notes and bonds, nominal (2) 708,872 + 1,223 + 295,958
Notes and bonds, inflation-indexed (2) 43,777 - 866 + 4,399
Inflation compensation (3) 5,539 - 350 + 931
Federal agency debt securities (2) 162,203 + 1,374 + 138,045
Mortgage-backed securities (4) 970,901 + 2,311 + 964,910
Repurchase agreements (5) 0 0 - 20,000
Term auction credit 38,531 - 37,387 - 377,500
Other loans 86,944 + 1,184 - 62,380
Net portfolio holdings of Commercial Paper
Funding Facility LLC (6) 13,111 - 981 - 337,413
Net portfolio holdings of Maiden Lane LLC (7) 26,758 + 16 - 423
Net portfolio holdings of Maiden Lane II LLC (8) 15,415 + 11 - 4,398
Net portfolio holdings of
Maiden Lane III LLC (9) 22,471 + 70 - 4,496
Net portfolio holdings of TALF LLC (10) 298 0 + 298
Preferred interests in AIA Aurora LLC and
ALICO Holdings LLC (11) 25,106 0 + 25,106
Items in process of collection (407) 667 + 339 - 896
Bank premises 2,243 + 1 + 59
Central bank liquidity swaps (12) 1,250 - 4,645 - 461,546
Other assets (13) 94,198 - 2,202 + 52,490
Total assets (407) 2,255,093 - 39,849 + 216,506
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.
10. Consolidated Statement of Condition of All Federal Reserve Banks (continued)
Millions of dollars
Eliminations Change since
from Wednesday Wednesday Wednesday
Assets, liabilities, and capital consolidation Jan 20, 2010 Jan 13, 2010 Jan 21, 2009
Liabilities
Federal Reserve notes, net of F.R. Bank holdings 879,322 + 102 + 31,124
Reverse repurchase agreements (14) 62,930 - 1,436 - 12,095
Deposits (0) 1,242,111 - 34,122 + 181,315
Depository institutions 1,063,042 - 72,203 + 254,743
U.S. Treasury, general account 170,437 + 46,262 + 123,732
U.S. Treasury, supplementary financing account 5,001 0 - 194,746
Foreign official 3,215 + 331 + 3,028
Other (0) 415 - 8,512 - 5,442
Deferred availability cash items (407) 3,594 + 715 - 680
Other liabilities and accrued dividends (15) 15,148 - 4,772 + 6,615
Total liabilities (407) 2,203,106 - 39,512 + 206,279
Capital accounts
Capital paid in 25,649 - 3 + 4,135
Surplus 25,192 - 104 + 5,779
Other capital accounts 1,147 - 228 + 313
Total capital 51,987 - 337 + 10,227
Note: Components may not sum to totals because of rounding.
1. Includes securities lent to dealers under the overnight and term securities lending facilities; refer
to table 1A.
2. Face value of the securities.
3. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed
securities.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is
the remaining principal balance of the underlying mortgages.
5. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.
6. Refer to table 7 and the note on consolidation accompanying table 11.
7. Refer to table 4 and the note on consolidation accompanying table 11.
8. Refer to table 5 and the note on consolidation accompanying table 11.
9. Refer to table 6 and the note on consolidation accompanying table 11.
10. Refer to table 8 and the note on consolidation accompanying table 11.
11. Refer to table 9.
12. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when
the foreign currency is returned to the foreign central bank. This exchange rate equals the market
exchange rate used when the foreign currency was acquired from the foreign central bank.
13. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates,
and accrued dividends on the Federal Reserve Bank of New York's preferred interests in AIA Aurora LLC and
ALICO Holdings LLC.
14. Cash value of agreements, which are collateralized by U.S. Treasury securities and federal agency debt
securities.
15. Includes the liabilities of Commercial Paper Funding Facility LLC, Maiden Lane LLC, Maiden Lane II LLC,
Maiden Lane III LLC, and TALF LLC to entities other than the Federal Reserve Bank of New York, including
liabilities that have recourse only to the portfolio holdings of these LLCs. Refer to table 4 through
table 8 and the note on consolidation accompanying table 11.
11. Statement of Condition of Each Federal Reserve Bank, January 20, 2010
Millions of dollars
Kansas San
Assets, liabilities, and capital Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas Francisco
Assets
Gold certificate account 11,037 412 3,895 450 467 882 1,356 911 329 197 335 621 1,182
Special drawing rights certificate acct. 5,200 196 1,818 210 237 412 654 424 150 90 153 282 574
Coin 2,150 66 82 172 161 309 223 318 37 67 143 228 345
Securities, repurchase agreements, term
auction credit, and other loans 2,035,190 38,778 861,013 30,407 75,638 69,364 230,576 208,684 75,228 31,890 86,650 92,890 234,071
Securities held outright (1) 1,909,715 36,634 746,461 29,627 75,449 68,820 230,094 206,652 74,815 31,616 86,203 92,337 231,005
U.S. Treasury securities 776,611 14,898 303,558 12,048 30,682 27,987 93,571 84,038 30,425 12,857 35,056 37,550 93,941
Bills (2) 18,423 353 7,201 286 728 664 2,220 1,994 722 305 832 891 2,228
Notes and bonds (3) 758,188 14,544 296,357 11,763 29,955 27,323 91,351 82,044 29,703 12,552 34,224 36,659 91,713
Federal agency debt securities (2) 162,203 3,112 63,401 2,516 6,408 5,845 19,543 17,552 6,354 2,685 7,322 7,843 19,621
Mortgage-backed securities (4) 970,901 18,625 379,501 15,063 38,358 34,988 116,980 105,062 38,036 16,074 43,826 46,944 117,443
Repurchase agreements (5) 0 0 0 0 0 0 0 0 0 0 0 0 0
Term auction credit 38,531 2,025 28,711 563 189 460 388 1,725 395 239 438 540 2,858
Other loans 86,944 119 85,841 216 0 84 93 307 18 35 10 13 207
Net portfolio holdings of Commercial
Paper Funding Facility LLC (6) 13,111 0 13,111 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of Maiden Lane
LLC (7) 26,758 0 26,758 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of Maiden
Lane II LLC (8) 15,415 0 15,415 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of Maiden
Lane III LLC (9) 22,471 0 22,471 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of TALF LLC (10) 298 0 298 0 0 0 0 0 0 0 0 0 0
Preferred interests in AIA Aurora LLC
and ALICO Holdings LLC (11) 25,106 0 25,106 0 0 0 0 0 0 0 0 0 0
Items in process of collection 1,074 38 0 76 182 16 338 52 61 71 65 79 95
Bank premises 2,243 121 262 71 144 238 221 205 135 111 268 253 214
Central bank liquidity swaps (12) 1,250 50 333 137 92 355 96 42 12 19 12 16 86
Other assets (13) 94,198 2,366 33,644 3,880 4,584 9,816 10,171 8,209 2,950 1,549 3,343 3,655 10,029
Interdistrict settlement account 0 + 11,222 + 189,939 + 38,216 - 29,916 + 169,082 - 93,459 - 102,523 - 37,320 - 10,170 - 40,269 - 28,082 - 66,720
Total assets 2,255,500 53,248 1,194,144 73,619 51,589 250,474 150,175 116,322 41,584 23,824 50,701 69,943 179,876
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.
11. Statement of Condition of Each Federal Reserve Bank, January 20, 2010 (continued)
Millions of dollars
Kansas San
Assets, liabilities, and capital Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas Francisco
Liabilities
Federal Reserve notes outstanding 1,081,233 35,660 397,385 38,212 44,724 82,351 137,020 85,303 32,867 19,302 28,736 63,140 116,532
Less: Notes held by F.R. Banks 201,911 4,572 71,572 5,977 8,448 11,278 33,862 13,205 4,555 2,802 3,520 13,893 28,228
Federal Reserve notes, net 879,322 31,088 325,814 32,235 36,276 71,073 103,158 72,098 28,312 16,501 25,216 49,247 88,304
Reverse repurchase agreements (14) 62,930 1,207 24,598 976 2,486 2,268 7,582 6,810 2,465 1,042 2,841 3,043 7,612
Deposits 1,242,111 18,727 818,708 34,477 7,864 162,394 34,707 34,822 9,766 4,282 21,545 16,133 78,686
Depository institutions 1,063,042 18,715 639,847 34,471 7,860 162,256 34,704 34,789 9,763 4,281 21,544 16,132 78,680
U.S. Treasury, general account 170,437 0 170,437 0 0 0 0 0 0 0 0 0 0
U.S. Treasury, supplementary
financing account 5,001 0 5,001 0 0 0 0 0 0 0 0 0 0
Foreign official 3,215 2 3,186 4 3 11 3 1 0 1 0 1 3
Other 415 10 236 2 1 126 0 32 2 0 1 0 4
Deferred availability cash items 4,001 115 0 348 712 142 436 335 147 377 258 320 812
Other liabilities and accrued
dividends (15) 15,148 226 9,585 223 385 539 994 892 355 189 369 439 952
Total liabilities 2,203,513 51,363 1,178,704 68,259 47,724 236,415 146,876 114,957 41,047 22,391 50,230 69,182 176,366
Capital
Capital paid in 25,649 944 7,442 2,802 1,921 7,140 1,581 619 240 712 208 352 1,687
Surplus 25,192 941 7,461 2,557 1,910 6,920 1,581 619 240 712 210 353 1,687
Other capital 1,147 0 537 0 34 0 137 127 56 9 54 57 136
Total liabilities and capital 2,255,500 53,248 1,194,144 73,619 51,589 250,474 150,175 116,322 41,584 23,824 50,701 69,943 179,876
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.
11. Statement of Condition of Each Federal Reserve Bank, January 20, 2010 (continued)
1. Includes securities lent to dealers under the overnight and term securities lending facilities; refer to table 1A.
2. Face value of the securities.
3. Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face value of such securities.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the underlying mortgages.
5. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.
6. Refer to table 7 and the note on consolidation below.
7. Refer to table 4 and the note on consolidation below.
8. Refer to table 5 and the note on consolidation below.
9. Refer to table 6 and the note on consolidation below.
10. Refer to table 8 and the note on consolidation below.
11. Refer to table 9.
12. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This
exchange rate equals the market exchange rate used when the foreign currency was acquired from the foreign central bank.
13. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates, and accrued dividends on the Federal Reserve Bank of New York's
preferred interests in AIA Aurora LLC and ALICO Holdings LLC.
14. Cash value of agreements, which are collateralized by U.S. Treasury securities and federal agency debt securities.
15. Includes the liabilities of Commercial Paper Funding Facility LLC, Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to entities other than the Federal Reserve
Bank of New York, including liabilities that have recourse only to the portfolio holdings of these LLCs. Refer to table 4 through table 8 and the note on consolidation below.
Note on consolidation:
The Federal Reserve Bank of New York (FRBNY) has extended loans to several limited liability companies under the authority of section 13(3) of the Federal Reserve Act. On June 26, 2008,
a loan was extended to Maiden Lane LLC, which was formed to acquire certain assets of Bear Stearns. On October 27, 2008, the FRBNY began extending loans to Commercial Paper Funding
Facility LLC, which was formed to purchase three-month U.S. dollar-denominated commercial paper from eligible issuers. On November 25, 2008, a loan was extended to Maiden Lane III LLC,
which was formed to purchase multi-sector collateralized debt obligations on which the Financial Products group of the American International Group, Inc. has written credit default swap
contracts. On December 12, 2008, a loan was extended to Maiden Lane II LLC, which was formed to purchase residential mortgage-backed securities from the U.S. securities lending
reinvestment portfolio of subsidiaries of American International Group, Inc. On November 25, 2008, the Federal Reserve Board authorized the FRBNY to extend credit to TALF LLC, which was
formed to purchase and manage any asset-backed securities received by the FRBNY in connection with the decision of a borrower not to repay a loan extended under the Term Asset-Backed
Securities Loan Facility.
The FRBNY is the sole beneficiary of Commercial Paper Funding Facility LLC. The FRBNY is the primary beneficiary of TALF LLC, because of the two beneficiaries of the LLC, the FRBNY and the
U.S. Treasury, the FRBNY is primarily responsible for directing the financial activities of TALF LLC. The FRBNY is the primary beneficiary of the other LLCs cited above because it will receive
a majority of any residual returns of the LLCs and absorb a majority of any residual losses of the LLCs. Consistent with generally accepted accounting principles, the assets and liabilities of
these LLCs have been consolidated with the assets and liabilities of the FRBNY in the preparation of the statements of condition shown on this release. As a consequence of the consolidation,
the extensions of credit from the FRBNY to the LLCs are eliminated, the net assets of the LLCs appear as assets on the previous page (and in table 1 and table 10), and the liabilities of the
LLCs to entities other than the FRBNY, including those with recourse only to the portfolio holdings of the LLCs, are included in other liabilities in this table (and table 1 and table 10).
12. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts
Millions of dollars
Federal Reserve notes and collateral Wednesday
Jan 20, 2010
Federal Reserve notes outstanding 1,081,233
Less: Notes held by F.R. Banks not subject to collateralization 201,911
Federal Reserve notes to be collateralized 879,322
Collateral held against Federal Reserve notes 879,322
Gold certificate account 11,037
Special drawing rights certificate account 5,200
U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 863,085
Other assets pledged 0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 1,909,715
Less: Face value of securities under reverse repurchase agreements 62,288
U.S. Treasury, agency debt, and mortgage-backed securities
eligible to be pledged 1,847,427
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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