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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 April 8, 2010 1. Factors Affecting Reserve Balances of Depository Institutions Millions of dollars Reserve Bank credit, related items, and reserve balances of depository institutions at Federal Reserve Banks Reserve Bank credit Securities held outright1 U.S. Treasury securities Bills2 Notes and bonds, nominal2 Notes and bonds, inflation-indexed2 Inflation compensation3 Federal agency debt securities2 Mortgage-backed securities4 Repurchase agreements5 Term auction credit Other loans Primary credit Secondary credit Seasonal credit Primary dealer and other broker-dealer credit6 Asset-Backed Commercial Paper Money Market Mutual Fund Liquidity Facility Credit extended to American International Group, Inc., net7 Term Asset-Backed Securities Loan Facility8 Other credit extensions Net portfolio holdings of Commercial Paper Funding Facility LLC9 Net portfolio holdings of Maiden Lane LLC10 Net portfolio holdings of Maiden Lane II LLC11 Net portfolio holdings of Maiden Lane III LLC12 Net portfolio holdings of TALF LLC13 Preferred interests in AIA Aurora LLC and ALICO Holdings LLC14 Float Central bank liquidity swaps15 Other Federal Reserve assets16 Gold stock Special drawing rights certificate account Treasury currency outstanding17 Week ended Apr 7, 2010 2,289,801 2,014,407 776,707 18,423 708,872 43,777 5,635 168,988 1,068,713 0 3,410 80,414 7,205 600 11 0 Averages of daily figures Change from week ended Mar 31, 2010 Apr 8, 2009 + + + + + 0 602 119 16 0 0 0 16 0 104 0 0 1,400 459 0 7 0 + 217,745 +1,217,490 + 271,189 0 + 265,262 + 4,399 + 1,527 + 114,227 + 832,075 0 - 463,867 41,614 41,954 + 536 + 8 17,600 Wednesday Apr 7, 2010 2,289,848 2,014,432 776,708 18,423 708,872 43,777 5,636 168,988 1,068,736 0 3,410 80,316 7,155 600 15 0 0 - 4,938 0 25,412 47,186 0 - 810 138 0 + 20,159 42,494 0 25,388 47,159 0 7,789 27,371 15,344 22,067 404 + + - 10 48 8 76 0 + + 242,808 1,027 3,047 5,409 404 7,797 27,417 15,191 21,913 404 25,416 -2,088 0 95,267 11,041 5,200 42,853 + - 266 388 0 827 0 0 14 + + + + + 25,416 195 312,839 42,798 0 3,000 544 25,416 -2,246 0 95,799 11,041 5,200 42,853 + 221,289 2,348,943 + + Total factors supplying reserve funds 2,348,895 588 Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table. H.4.1 1. Factors Affecting Reserve Balances of Depository Institutions (continued) Millions of dollars Reserve Bank credit, related items, and reserve balances of depository institutions at Federal Reserve Banks Currency in circulation17 Reverse repurchase agreements18 Foreign official and international accounts Dealers Treasury cash holdings Deposits with F.R. Banks, other than reserve balances U.S. Treasury, general account U.S. Treasury, supplementary financing account Foreign official Service-related Required clearing balances Adjustments to compensate for float Other Other liabilities and capital19 Total factors, other than reserve balances, absorbing reserve funds Reserve balances with Federal Reserve Banks Note: Components may not sum to totals because of rounding. Week ended Apr 7, 2010 Averages of daily figures Change from week ended Mar 31, 2010 Apr 8, 2009 935,425 55,385 55,385 0 220 181,375 19,091 149,973 3,027 2,716 2,716 0 6,568 65,734 + - + - + - 2,639 1,214 1,214 0 4 12,477 16,805 24,994 771 29 29 0 3,488 214 1,238,140 + 1,110,755 - 1. 2. 3. 4. + + + + + Wednesday Apr 7, 2010 + 30,791 10,672 10,672 0 96 78,914 16,890 49,955 1,892 1,711 1,711 0 12,250 10,505 936,882 56,091 56,091 0 204 178,564 20,439 149,973 5,075 2,716 2,716 0 360 65,964 13,685 - 48,384 1,237,705 14,273 + 269,673 1,111,238 + - Includes securities lent to dealers under the overnight and term securities lending facilities; refer to table 1A. Face value of the securities. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed securities. 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. 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, accrued dividends on the Federal Reserve Bank of New York’s (FRBNY) preferred interests in AIA Aurora LLC and ALICO Holdings LLC, and the fair value adjustment to credit extended by the FRBNY to eligible borrowers through the Term Asset-Backed Securities Loan Facility. 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. H.4.1 1A. Memorandum Items Millions of dollars Memorandum item Week ended Apr 7, 2010 Marketable securities held in custody for foreign official and international accounts1 U.S. Treasury securities Federal agency securities2 Securities lent to dealers Overnight facility3 U.S. Treasury securities Federal agency debt securities Term facility4 Note: Components may not sum to totals because of rounding. 1. 2. 3. 4. Averages of daily figures Change from week ended Mar 31, 2010 Apr 8, 2009 3,024,539 2,244,688 779,851 5,876 5,876 4,580 1,295 0 + + + - 4,789 4,122 666 1,248 1,248 1,189 60 0 + + + + - Wednesday Apr 7, 2010 403,178 432,643 29,465 59,683 753 543 1,295 60,436 3,031,096 2,251,792 779,304 8,145 8,145 6,774 1,371 0 Face value of the securities. Includes U.S. Treasury STRIPS, other zero-coupon bonds, and mortgage-backed securities at face value. Includes debt and mortgage-backed securities. Fully collateralized by U.S. Treasury securities. 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, April 7, 2010 Millions of dollars Within 15 days Remaining maturity Term auction credit Other loans1 U.S. Treasury securities2 Holdings Weekly changes Federal agency debt securities3 Holdings Weekly changes Mortgage-backed securities4 Holdings Weekly changes Commercial paper held by Commercial Paper Funding Facility LLC5 Asset-backed securities held by TALF LLC6 Repurchase agreements7 16 days to 90 days 3,410 7,755 + 22,007 3,867 91 days to 1 year 0 15 - 18,044 650 Over 1 year to 5 years ... 0 - 45,336 3,216 85 0 4,141 0 32,267 0 0 0 0 0 0 0 0 2,966 0 0 Reverse repurchase agreements7 56,091 Note: Components may not sum to totals because of rounding. . . . Not applicable. Over 5 years to 10 years ... 72,547 + 331,963 1 Over 10 years ... 0 + 215,415 1 All ... ... 143,943 1 + 3,410 80,316 776,708 3 + 95,618 0 34,530 0 34 1 21 0 0 ... ... ... 2,966 0 0 0 ... 0 ... 0 ... 0 ... 0 0 0 ... ... ... ... 56,091 + 2,347 0 1,068,682 39 + 168,988 0 1,068,736 39 + 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. H.4.1 3. Supplemental Information on Mortgage-Backed Securities Purchase Program Millions of dollars Account name Mortgage-backed securities held outright1 Commitments to buy mortgage-backed securities2 Commitments to sell mortgage-backed securities2 Wednesday Apr 7, 2010 1,068,736 110,701 7,000 Cash and cash equivalents3 29 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 Account name Net portfolio holdings of Maiden Lane LLC1 Wednesday Apr 7, 2010 27,417 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2 28,820 Accrued interest payable to the Federal Reserve Bank of New York2 462 Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co.3 1,265 1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of December 31, 2009. Any assets purchased after this valuation date are initially recorded at cost until their estimated fair value as of the purchase date becomes available. 2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York’s statement of condition consistent with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 11. 3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 10 and table 11. Note: On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended credit to Maiden Lane LLC under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to acquire certain assets of Bear Stearns and to manage those assets through time to maximize repayment of the credit extended and to minimize disruption to financial markets. Payments by Maiden Lane LLC from the proceeds of the net portfolio holdings will be made in the following order: operating expenses of the LLC, principal due to the FRBNY, interest due to the FRBNY, principal due to JPMorgan Chase & Co., and interest due to JPMorgan Chase & Co. Any remaining funds will be paid to the FRBNY. 5. Information on Principal Accounts of Maiden Lane II LLC Millions of dollars Account name Net portfolio holdings of Maiden Lane II LLC1 Wednesday Apr 7, 2010 15,191 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2 14,756 Accrued interest payable to the Federal Reserve Bank of New York2 317 Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc.3 1,046 1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of December 31, 2009. Any assets purchased after this valuation date are initially recorded at cost until their estimated fair value as of the purchase date becomes available. 2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York’s statement of condition consistent with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 11. 3. Book value. The deferred payment represents the portion of the proceeds of the net portfolio holdings due to subsidiaries of American International Group, Inc. in accordance with the asset purchase agreement. The fair value of this payment and accrued interest payable are included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 10 and table 11. Note: On December 12, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden Lane II LLC under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to purchase residential mortgage-backed securities from the U.S. securities lending reinvestment portfolio of subsidiaries of American International Group, Inc. (AIG subsidiaries). Payments by Maiden Lane II LLC from the proceeds of the net portfolio holdings will be made in the following order: operating expenses of Maiden Lane II LLC, principal due to the FRBNY, interest due to the FRBNY, and deferred payment and interest due to AIG subsidiaries. Any remaining funds will be shared by the FRBNY and AIG subsidiaries. H.4.1 6. Information on Principal Accounts of Maiden Lane III LLC Millions of dollars Account name Net portfolio holdings of Maiden Lane III LLC1 Wednesday Apr 7, 2010 21,913 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2 16,583 Accrued interest payable to the Federal Reserve Bank of New York2 399 Outstanding principal amount and accrued interest on loan payable to American International Group, Inc.3 5,238 1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of December 31, 2009. Any assets purchased after this valuation date are initially recorded at cost until their estimated fair value as of the purchase date becomes available. 2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York’s statement of condition consistent with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 11. 3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 10 and table 11. Note: On November 25, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden Lane III LLC under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to purchase multi-sector collateralized debt obligations (CDOs) on which the Financial Products group of American International Group, Inc. (AIG) has written credit default swap (CDS) contracts. In connection with the purchase of CDOs, the CDS counterparties will concurrently unwind the related CDS transactions. Payments by Maiden Lane III LLC from the proceeds of the net portfolio holdings will be made in the following order: operating expenses of Maiden Lane III LLC, principal due to the FRBNY, interest due to the FRBNY, principal due to AIG, and interest due to AIG. Any remaining funds will be shared by the FRBNY and AIG. 7. Information on Principal Accounts of Commercial Paper Funding Facility LLC Millions of dollars Account name Wednesday Apr 7, 2010 Commercial paper holdings, net1 Other investments, net Net portfolio holdings of Commercial Paper Funding Facility LLC 2,927 4,870 7,797 Memorandum: Commercial paper holdings, face value 2,966 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2 2,942 Accrued interest payable to the Federal Reserve Bank of New York2 1 1. Book value, which includes amortized cost and related fees. 2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York’s statement of condition consistent with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 11. Note: On October 27, 2008, the Federal Reserve Bank of New York began extending loans under the authority of section 13(3) of the Federal Reserve Act to Commercial Paper Funding Facility LLC. This LLC is a limited liability company formed to purchase three-month U.S. dollar-denominated commercial paper from eligible issuers and thereby foster liquidity in short-term funding markets and increase the availability of credit for businesses and households. H.4.1 8. Information on Principal Accounts of TALF LLC Millions of dollars Account name Asset-backed securities holdings1 Other investments, net Net portfolio holdings of TALF LLC Wednesday Apr 7, 2010 0 404 404 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2 0 Accrued interest payable to the Federal Reserve Bank of New York2 0 Funding provided by U.S. Treasury to TALF LLC, including accrued interest payable3 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 Account name Wednesday Apr 7, 2010 Preferred interests in AIA Aurora LLC and ALICO Holdings LLC1 Accrued dividends on preferred interests in AIA Aurora LLC and ALICO Holdings LLC2 25,416 24 Preferred interests in AIA Aurora LLC1 Accrued dividends on preferred interests in AIA Aurora LLC2 16,266 16 Preferred interests in ALICO Holdings LLC1 Accrued dividends on preferred interests in ALICO Holdings LLC2 Note: Components may not sum to totals because of rounding. 9,150 9 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. H.4.1 10. Consolidated Statement of Condition of All Federal Reserve Banks Millions of dollars Assets, liabilities, and capital Assets Gold certificate account Special drawing rights certificate account Coin Securities, repurchase agreements, term auction credit, and other loans Securities held outright1 U.S. Treasury securities Bills2 Notes and bonds, nominal2 Notes and bonds, inflation-indexed2 Inflation compensation3 Federal agency debt securities2 Mortgage-backed securities4 Repurchase agreements5 Term auction credit Other loans Net portfolio holdings of Commercial Paper Funding Facility LLC6 Net portfolio holdings of Maiden Lane LLC7 Net portfolio holdings of Maiden Lane II LLC8 Net portfolio holdings of Maiden Lane III LLC9 Net portfolio holdings of TALF LLC10 Preferred interests in AIA Aurora LLC and ALICO Holdings LLC11 Items in process of collection Bank premises Central bank liquidity swaps12 Other assets13 Eliminations from consolidation Wednesday Apr 7, 2010 11,037 5,200 2,067 2,098,158 2,014,432 776,708 18,423 708,872 43,777 5,636 168,988 1,068,736 0 3,410 80,316 7,797 27,417 15,191 21,913 404 (62) 25,416 220 2,237 0 93,896 Total assets (62) 2,310,953 Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table. Change since Wednesday Wednesday Mar 31, 2010 Apr 8, 2009 + + 0 0 16 + + 0 3,000 232 353 42 3 0 0 0 3 0 39 0 0 395 + 714,297 +1,213,079 + 268,294 0 + 262,384 + 4,399 + 1,509 + 112,700 + 832,085 0 - 463,867 34,914 11 53 214 237 0 + + 243,429 1,019 3,036 5,437 404 + 0 276 4 0 1,457 + + + 25,416 632 52 313,396 42,457 + 420 + 220,947 + + + + - - H.4.1 10. Consolidated Statement of Condition of All Federal Reserve Banks (continued) Millions of dollars Assets, liabilities, and capital Liabilities Federal Reserve notes, net of F.R. Bank holdings Reverse repurchase agreements14 Deposits Depository institutions U.S. Treasury, general account U.S. Treasury, supplementary financing account Foreign official Other Deferred availability cash items Other liabilities and accrued dividends15 Total liabilities Capital accounts Capital paid in Surplus Other capital accounts Total capital Note: Components may not sum to totals because of rounding. 1. 2. 3. 4. Eliminations from consolidation (0) (0) (62) (62) Wednesday Apr 7, 2010 Change since Wednesday Wednesday Mar 31, 2010 Apr 8, 2009 896,295 56,091 1,290,136 1,114,288 20,439 149,973 5,075 360 2,466 12,929 + + + + + + 2,149 1,675 1,369 60,412 71,080 24,994 3,407 19,103 344 174 + + + + + 30,220 10,881 192,031 272,699 3,245 49,955 3,458 30,927 1,166 3,520 2,257,917 - 377 + 213,724 26,258 25,339 1,438 + + + 3 494 300 + + - 3,663 4,174 615 53,035 + 796 + 7,223 Includes securities lent to dealers under the overnight and term securities lending facilities; refer to table 1A. Face value of the securities. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed securities. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the underlying mortgages. 5. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities. 6. Refer to table 7 and the note on consolidation accompanying table 11. 7. Refer to table 4 and the note on consolidation accompanying table 11. 8. Refer to table 5 and the note on consolidation accompanying table 11. 9. Refer to table 6 and the note on consolidation accompanying table 11. 10. Refer to table 8 and the note on consolidation accompanying table 11. 11. Refer to table 9. 12. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the foreign central bank. 13. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates, accrued dividends on the Federal Reserve Bank of New York’s (FRBNY) preferred interests in AIA Aurora LLC and ALICO Holdings LLC, and the fair value adjustment to credit extended by the FRBNY to eligible borrowers through the Term Asset-Backed Securities Loan Facility. 14. Cash value of agreements, which are collateralized by U.S. Treasury securities and federal agency debt securities. 15. Includes the liabilities of Commercial Paper Funding Facility LLC, Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to entities other than the Federal Reserve Bank of New York, including liabilities that have recourse only to the portfolio holdings of these LLCs. Refer to table 4 through table 8 and the note on consolidation accompanying table 11. H.4.1 11. Statement of Condition of Each Federal Reserve Bank, April 7, 2010 Millions of dollars Assets, liabilities, and capital Assets Gold certificate account Special drawing rights certificate acct. Coin Securities, repurchase agreements, term auction credit, and other loans Securities held outright1 U.S. Treasury securities Bills2 Notes and bonds3 Federal agency debt securities2 Mortgage-backed securities4 Repurchase agreements5 Term auction credit Other loans Net portfolio holdings of Commercial Paper Funding Facility LLC6 Net portfolio holdings of Maiden Lane LLC7 Net portfolio holdings of Maiden Lane II LLC8 Net portfolio holdings of Maiden Lane III LLC9 Net portfolio holdings of TALF LLC10 Preferred interests in AIA Aurora LLC and ALICO Holdings LLC11 Items in process of collection Bank premises Central bank liquidity swaps12 Other assets13 Interdistrict settlement account Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Kansas City Minneapolis San Francisco Dallas 11,037 5,200 2,067 412 196 74 3,895 1,818 78 450 210 164 467 237 151 882 412 309 1,356 654 187 911 424 328 329 150 26 197 90 66 335 153 143 621 282 200 1,182 574 339 2,098,158 2,014,432 776,708 18,423 758,285 168,988 1,068,736 0 3,410 80,316 38,659 38,643 14,900 353 14,546 3,242 20,502 0 0 16 869,434 787,392 303,596 7,201 296,395 66,053 417,743 0 1,845 80,197 31,311 31,252 12,050 286 11,764 2,622 16,580 0 20 39 79,660 79,586 30,686 728 29,958 6,676 42,224 0 74 0 72,754 72,594 27,990 664 27,326 6,090 38,514 0 160 0 242,855 242,711 93,583 2,220 91,363 20,361 128,768 0 125 19 218,299 217,983 84,048 1,994 82,055 18,286 115,649 0 294 21 78,946 78,918 30,428 722 29,707 6,620 41,869 0 28 1 33,362 33,350 12,859 305 12,554 2,798 17,693 0 5 7 90,935 90,930 35,060 832 34,228 7,628 48,242 0 5 0 97,401 97,401 37,555 891 36,664 8,171 51,675 0 0 0 244,543 243,672 93,953 2,228 91,725 20,441 129,278 0 854 17 7,797 0 7,797 0 0 0 0 0 0 0 0 0 0 27,417 0 27,417 0 0 0 0 0 0 0 0 0 0 15,191 0 15,191 0 0 0 0 0 0 0 0 0 0 21,913 404 0 0 21,913 404 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 25,416 282 2,237 0 93,896 0 0 17 122 0 2,254 8,341 25,416 -96 260 0 34,426 76,704 0 23 70 0 3,795 41,779 0 178 143 0 4,540 24,670 0 12 238 0 9,415 + 244,725 0 21 220 0 9,791 96,272 0 17 209 0 7,983 - 105,006 0 6 136 0 2,936 39,606 0 25 109 0 1,843 1,343 0 17 266 0 3,307 38,126 0 28 251 0 3,679 26,126 0 34 212 0 9,926 40,400 Total assets 2,311,014 50,075 1,084,657 77,803 60,707 Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table. 328,746 158,813 123,165 + + + - - - 42,923 - 34,350 - 57,030 - 76,336 - 216,410 H.4.1 11. Statement of Condition of Each Federal Reserve Bank, April 7, 2010 (continued) Millions of dollars Assets, liabilities, and capital Liabilities Federal Reserve notes outstanding Less: Notes held by F.R. Banks Federal Reserve notes, net Reverse repurchase agreements14 Deposits Depository institutions U.S. Treasury, general account U.S. Treasury, supplementary financing account Foreign official Other Deferred availability cash items Other liabilities and accrued dividends15 Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas City Dallas San Francisco 1,077,263 180,968 896,295 56,091 1,290,136 1,114,288 20,439 34,978 4,183 30,795 1,076 16,068 16,038 0 390,192 60,341 329,850 21,925 708,703 533,062 20,439 38,338 5,739 32,600 870 38,340 38,336 0 44,528 8,302 36,227 2,216 17,511 17,508 0 84,197 10,424 73,773 2,021 240,034 239,882 0 136,796 32,679 104,117 6,758 43,779 43,776 0 86,704 11,482 75,222 6,070 39,716 39,710 0 32,364 4,242 28,122 2,197 11,770 11,768 0 20,120 2,849 17,271 929 14,202 14,201 0 28,410 3,529 24,880 2,532 28,793 28,791 0 65,767 12,675 53,092 2,712 19,236 19,236 0 114,867 24,523 90,345 6,785 111,984 111,981 0 149,973 5,075 360 2,528 0 1 28 76 149,973 5,047 182 0 0 4 0 218 0 3 0 615 0 11 141 102 0 2 0 169 0 1 6 163 0 0 2 62 0 1 0 356 0 0 1 111 0 1 0 120 0 3 0 534 12,929 183 8,978 217 288 526 637 553 237 151 233 293 632 2,257,979 48,198 1,069,457 72,246 56,857 316,457 155,461 121,725 42,390 32,908 56,549 75,453 210,279 26,258 25,339 1,438 914 945 18 7,563 7,530 107 2,951 2,606 0 1,898 1,910 42 5,343 6,946 0 1,595 1,581 176 645 620 175 238 240 56 713 712 18 209 210 62 409 353 122 3,781 1,687 663 Total liabilities and capital 2,311,014 50,075 1,084,657 77,803 60,707 Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table. 328,746 158,813 123,165 42,923 34,350 57,030 76,336 216,410 Total liabilities Capital Capital paid in Surplus Other capital H.4.1 11. Statement of Condition of Each Federal Reserve Bank, April 7, 2010 (continued) 1. Includes securities lent to dealers under the overnight and term securities lending facilities; refer to table 1A. 2. Face value of the securities. 3. Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face value of such securities. 4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the underlying mortgages. 5. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities. 6. Refer to table 7 and the note on consolidation below. 7. Refer to table 4 and the note on consolidation below. 8. Refer to table 5 and the note on consolidation below. 9. Refer to table 6 and the note on consolidation below. 10. Refer to table 8 and the note on consolidation below. 11. Refer to table 9. 12. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the foreign central bank. 13. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates, accrued dividends on the Federal Reserve Bank of New York’s (FRBNY) preferred interests in AIA Aurora LLC and ALICO Holdings LLC, and the fair value adjustment to credit extended by the FRBNY to eligible borrowers through the Term Asset-Backed Securities Loan Facility. 14. Cash value of agreements, which are collateralized by U.S. Treasury securities and federal agency debt securities. 15. Includes the liabilities of Commercial Paper Funding Facility LLC, Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to entities other than the Federal Reserve Bank of New York, including liabilities that have recourse only to the portfolio holdings of these LLCs. Refer to table 4 through table 8 and the note on consolidation below. Note on consolidation: The Federal Reserve Bank of New York (FRBNY) has extended loans to several limited liability companies under the authority of section 13(3) of the Federal Reserve Act. On June 26, 2008, a loan was extended to Maiden Lane LLC, which was formed to acquire certain assets of Bear Stearns. On October 27, 2008, the FRBNY began extending loans to Commercial Paper Funding Facility LLC, which was formed to purchase three-month U.S. dollar-denominated commercial paper from eligible issuers. On November 25, 2008, a loan was extended to Maiden Lane III LLC, which was formed to purchase multi-sector collateralized debt obligations on which the Financial Products group of the American International Group, Inc. has written credit default swap contracts. On December 12, 2008, a loan was extended to Maiden Lane II LLC, which was formed to purchase residential mortgage-backed securities from the U.S. securities lending reinvestment portfolio of subsidiaries of American International Group, Inc. On November 25, 2008, the Federal Reserve Board authorized the FRBNY to extend credit to TALF LLC, which was formed to purchase and manage any asset-backed securities received by the FRBNY in connection with the decision of a borrower not to repay a loan extended under the Term Asset-Backed Securities Loan Facility. The FRBNY is the sole beneficiary of Commercial Paper Funding Facility LLC. The FRBNY is the primary beneficiary of TALF LLC, because of the two beneficiaries of the LLC, the FRBNY and the U.S. Treasury, the FRBNY is primarily responsible for directing the financial activities of TALF LLC. The FRBNY is the primary beneficiary of the other LLCs cited above because it will receive a majority of any residual returns of the LLCs and absorb a majority of any residual losses of the LLCs. Consistent with generally accepted accounting principles, the assets and liabilities of these LLCs have been consolidated with the assets and liabilities of the FRBNY in the preparation of the statements of condition shown on this release. As a consequence of the consolidation, the extensions of credit from the FRBNY to the LLCs are eliminated, the net assets of the LLCs appear as assets on the previous page (and in table 1 and table 10), and the liabilities of the LLCs to entities other than the FRBNY, including those with recourse only to the portfolio holdings of the LLCs, are included in other liabilities in this table (and table 1 and table 10). H.4.1 12. Collateral Held against Federal Reserve Notes: Federal Reserve Agents’ Accounts Millions of dollars Federal Reserve notes and collateral Federal Reserve notes outstanding Less: Notes held by F.R. Banks not subject to collateralization Federal Reserve notes to be collateralized Collateral held against Federal Reserve notes Gold certificate account Special drawing rights certificate account U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 Other assets pledged Memo: Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 Less: Face value of securities under reverse repurchase agreements U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 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. Wednesday Apr 7, 2010 1,077,263 180,968 896,295 896,295 11,037 5,200 880,058 0 2,014,432 55,790 1,958,642