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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