FEDERAL RESERVE statistical relea
H.4.1
Factors Affecting Rerve Balances of Depository Institutions and Condition Statement of Federal Rerve Banks
December 30, 2010
1. Factors Affecting Rerve Balances of Depository Institutions
Millions of dollars
偶尔的近反义词Averages of daily figures
Wednesday Dec 29, 2010Week ended Dec 29, 2010Change from week ended Dec 22, 2010Dec 30, 2009
Rerve Bank credit, related items, and
rerve balances of depository institutions at Federal Rerve Banks
Rerve Bank credit
2,407,735+ 19,239+ 190,406 2,403,418Securities held outright 1
2,159,177+ 16,457+ 313,140 2,155,703U.S. Treasury curities 1,010,285+ 23,740+ 233,702 1,016,102Bills 2
18,423 0 0 18,423Notes and bonds, nominal 2
937,566+ 22,251+ 229,917 943,377Notes and bonds, inflation-indexed 2 48,125+ 1,388+ 3,482 48,125Inflation compensation 3
6,172+ 102+ 303 6,178Federal agency debt curities 2 147,460- 61- 12,419 147,460Mortgage-backed curities 4 1,001,432- 7,222+ 91,857 992,141Repurcha agreements 5 0 0 0 0Term auction credit 0 0- 75,918 0Other loans
45,112- 459- 43,021 45,084Primary credit 52+ 24- 18,691 58Secondary credit 15+ 15- 941 17Seasonal credit
24- 4- 15 23Credit extended to American International
Group, Inc., net 6
20,278- 347- 493 20,282Term Ast-Backed Securities Loan Facility 7 24,743- 147- 22,881 24,704Other credit extensions
0 0 0 0Net portfolio holdings of Commercial Paper
Funding Facility LLC 8
0 0- 14,061 0Net portfolio holdings of Maiden Lane LLC 9 26,935+ 19+ 338 26,974Net portfolio holdings of Maiden Lane II LLC 10 16,157+ 12+ 559 16,197Net portfolio holdings of Maiden Lane III LLC 11 23,131+ 9+ 480 23,142Net portfolio holdings of TALF LLC 12
665+ 12+ 367 665Preferred interests in AIA Aurora LLC and ALICO
Holdings LLC 13 26,057 0+ 1,057 26,057Float
-1,412+ 182+ 410 -1,624Central bank liquidity swaps 14 75 0- 10,197 75Other Federal Rerve asts 15 111,838+ 3,007+ 17,251 111,146Gold stock
11,041 0 0 11,041Special drawing rights certificate account 5,200 0 0 5,200Treasury currency outstanding 16
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+ 14
+ 877 43,567Total factors supplying rerve funds 2,467,544+ 19,254+ 191,284
2,463,227
Note: Components may not sum to totals becau of rounding. Footnotes appear at the end of the table.
1. Factors Affecting Rerve Balances of Depository Institutions (continued)
Millions of dollars
Averages of daily figures
Wednesday Dec 29, 2010Week ended Dec 29, 2010Change from week ended Dec 22, 2010Dec 30,
2009
Rerve Bank credit, related items, and
rerve balances of depository institutions at Federal Rerve Banks
Currency in circulation 16
983,700+ 3,212+ 54,161 984,980Rever repurcha agreements 17
55,763+ 4,507- 9,951 59,246Foreign official and international accounts 55,763+ 4,507- 9,951 59,246Others
0 0 0 0Treasury cash holdings
184+ 6- 49 177Deposits with F.R. Banks, other than rerve balances 300,234- 3,282+ 153,054 300,388Term deposits held by depository institutions 5,113 0+ 5,113 5,113U.S. Treasury, general account
87,472- 4,007- 31,051 88,905U.S. Treasury, supplementary financing account 199,963+ 2+ 188,535 199,963Foreign official 4,149- 60+ 1,809 3,670Service-related
2,359 0- 666 2,359Required clearing balances
2,359 0- 666 2,359Adjustments to compensate for float 0 0 0 0Other
1,179+ 784- 10,684 378Funds from American International Group, Inc. ast
dispositions, held as agent 18
26,896+ 58+ 26,896 26,896Other liabilities and capital 19
73,457
+ 285
+ 6,623
72,962
Total factors, other than rerve balances,
absorbing rerve funds
1,440,235+ 4,786+ 230,735 1,444,649Rerve balances with Federal Rerve Banks
1,027,309
+ 14,468
- 39,451
1,018,578
Note: Components may not sum to totals becau of rounding.1.Includes curities lent to dealers under the overnight curities lending facility; refer to table 1A.2.Face value of the curities.
3.Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed curities.
4.
Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the curities, which is the remaining principal balance of the underlying mortgages.5.Cash value of agreements.
6.Includes outstanding principal and capitalized interest net of unamortized deferred commitment fees and allowance for loan restructuring.
Excludes credit extended to consolidated LLCs.
7.Includes credit extended by the Federal Rerve Bank of New York to eligible borrowers through the Term Ast-Backed Securities Loan Facility.8.Includes the book value of the commercial paper, net of amortized costs and related fees, and other investments held by the Commercial Paper
Funding Facility LLC.
9.Refer to table 4 and the note on consolidation accompanying table 10.10.Refer to table 5 and the note on consolidation accompanying table 10.11.Refer to table 6 and the note on consolidation accompanying table 10.12.Refer to table 7 and the note on consolidation accompanying table 10.13.Refer to table 8.
14.Dollar value of foreign currency held under the agreements valued at the exchange rate to be ud when the foreign currency is returned
to the foreign central bank. This exchange rate equals the market exchange rate ud when the forei
gn currency was acquired from the foreign central bank.
15.Includes other asts denominated in foreign currencies, which are revalued daily at market exchange rates, accrued dividends on the Federal
宫保鸡丁的正宗做法Rerve 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 Ast-Backed Securities Loan Facility.16.Estimated.
17.Cash value of agreements, which are collateralized by U.S. Treasury curities, federal agency debt curities, and mortgage-backed curities.18.Pending the closing of the recapitalization plan announced by American International Group, Inc. (AIG) on September 30, 2010, the cash proceeds
from the disposition of certain AIG asts will be held by the FRBNY as agent. At the closing of the recapitalization plan, the proceeds will be ud first to repay in full the credit extended to AIG by the FRBNY under the revolving credit facility and then to retire a portion of the FRBNY’s preferred interests in AIA Aurora LLC and ALICO Holdings LLC (preferred interests). Alternatively, if the recapitalization plan is terminated under the terms of the plan, then the proceeds from the initial public offering of AIA and the sale of ALICO will be ud to redeem the preferred interests in accorda
nce with the AIA Aurora LLC and ALICO Holdings LLC limited liability company agreements, and any excess proceeds from the transactions, as well as proceeds from the disposition of other asts, will be ud to repay the credit extended to AIG under the revolving credit facility.
19.Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to entities other than the Federal Rerve
Bank of New York, including liabilities that have recour only to the portfolio holdings of the LLCs. Refer to table 4 through table 7 and the note on consolidation accompanying table 10.Sources: Federal Rerve Banks and the U.S. Department of the Treasury.
1A. Memorandum Items
Millions of dollars Averages of daily figures
Wednesday Dec 29, 2010Week ended Dec 29, 2010Change from week ended Dec 22, 2010Dec 30, 2009
Memorandum item
Marketable curities held in custody for foreign
official and international accounts 1 3,350,325- 741+ 395,031 3,351,408U.S. Treasury curities 2,616,387- 3,978+ 430,104 2,617,917Federal agency curities 2 733,938+ 3,237- 35,074 733,491Securities lent to dealers 10,630+ 669+ 1,316 14,930Overnight facility 3
10,630+ 669+ 1,316 14,930U.S. Treasury curities
9,381+ 625+ 832 13,450Federal agency debt curities
1,249
+ 44
+ 485
1,480
Note: Components may not sum to totals becau of rounding.
1.Face value of the curities. Includes U.S. Treasury STRIPS and other zero-coupon bonds at face value and mortgage-backed curities at original
face value.
2.Includes debt and mortgage-backed curities.
3.Fully collateralized by U.S. Treasury curities.
2. Maturity Distribution of Securities, Loans, and Selected Other Asts and Liabilities, December 29, 2010
Millions of dollars Within 15days 16 days to 90 days 91 days to 1 year Over 1 year to 5 years Over 5 years to 10 years Over 10years All Remaining maturity
Other loans 1
98 0 0 44,986 0 ... 45,084U.S. Treasury curities 2
Holdings
19,603 15,044 55,980 433,903 332,500 159,070 1,016,102Weekly changes
+ 2,156- 2,156+ 1+ 6,783+ 4+ 2,076+ 8,865Federal agency debt curities 3
Holdings
1,129 13,836 28,501 71,050 30,597 2,347 147,460Weekly changes
+ 1,129+ 6,370- 6,797- 702 0 0 0Mortgage-backed curities 4
Holdings
0 0 0 24 20 992,097 992,141Weekly changes
0 0 0- 1- 1- 16,258- 16,259Ast-backed curities held by
TALF LLC 5
0 0 0 0 0 0 0Repurcha agreements 6 0 0 ... ... ... ... 0Central bank liquidity swaps 7
75
0 0 0 0 75Rever repurcha agreements 6 59,246 0 ... ... ... ... 59,246Term deposits 5,113 0 0
...
...
...
5,113
Note: Components may not sum to totals becau of rounding.. . . Not applicable.
1.Excludes the loans from the Federal Rerve Bank of New York (FRBNY) to 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 curities, includes the original face value and compensation that adjusts for the effect of inflation on the
original face value of such curities.3.Face value.
4.Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the curities, which is the remaining principal balance of the
underlying mortgages.
5.Face value of ast-backed curities held by TALF LLC, which is the remaining principal balance of the underlying asts.
6.Cash value of agreements.
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7.Dollar value of foreign currency held under the agreements valued at the exchange rate to be ud when the foreign currency is returned to
the foreign central bank. This exchange rate equals the market exchange rate ud when the foreign currency was acquired from the foreign central bank.
3. Supplemental Information on Mortgage-Backed Securities Purcha Program
Millions of dollars
Wednesday
Account name
Dec 29, 2010
Mortgage-backed curities held outright1 992,141 Commitments to buy mortgage-backed curities2 0 Commitments to ll mortgage-backed curities2 0
Cash and cash equivalents3 0
1.Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the curities, which is the remaining principal balance of the
underlying mortgages.
2.Current face value. Generally ttle within 180 days and include commitments associated with outright transactions, dollar rolls, and coupon swaps.
3.This amount is included in other Federal Rerve asts in table 1 and in other asts in table 9 and table 10.
4. Information on Principal Accounts of Maiden Lane LLC
Millions of dollars
Wednesday
Account name
Dec 29, 2010
Net portfolio holdings of Maiden Lane LLC1 26,974
圆的面积公式和周长公式Outstanding principal amount of loan extended by the Federal Rerve Bank of New York2 25,228
Accrued interest payable to the Federal Rerve Bank of New York2 617
Outstanding principal amount and accrued interest on loan payable to JPMorgan Cha & Co.3 1,314
1.Fair value. Fair value reflects an estimate of the price that would be received upon lling an ast if the transaction were to be conducted in an
orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of Se
ptember 30, 2010. Any asts purchad after this valuation date are initially recorded at cost until their estimated fair value as of the purcha date becomes available.
2.Book value. This amount was eliminated when preparing the Federal Rerve Bank of New York’s statement of condition consistent with
consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 10.
3.Book value. The fair value of the obligations is included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in
table 9 and table 10.
Note: On June 26, 2008, the Federal Rerve Bank of New York (FRBNY) extended credit to Maiden Lane LLC under the authority of ction 13(3)
of the Federal Rerve Act. This limited liability company was formed to acquire certain asts of Bear Stearns and to manage tho asts
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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 expens of the LLC, principal due to the FRBNY, interest
due to the FRBNY, principal due to JPMorgan Cha & Co., and interest due to JPMorgan Cha & 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
Dec 29, 2010
Net portfolio holdings of Maiden Lane II LLC1 16,197
Outstanding principal amount of loan extended by the Federal Rerve Bank of New York2 13,034
Accrued interest payable to the Federal Rerve Bank of New York2 450
Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc.3 1,071
1.Fair value. Fair value reflects an estimate of the price that would be received upon lling an ast 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, 2010. Any asts purchad after this valuation date are initially recorded at cost until their estimated fair value as of the purcha date becomes available.
2.Book value. This amount was eliminated when preparing the Federal Rerve Bank of New York’s statement of condition consistent with
consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 10.
3.Book value. The deferred payment reprents the portion of the proceeds of the net portfolio holdings due to subsidiaries of American
International Group, Inc. in accordance with the ast purcha agreement. The fair value of this payment and accrued interest payable are included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 9 and table 10.
Note: On December 12, 2008, the Federal Rerve Bank of New York (FRBNY) began extending credit to Maiden Lane II LLC under the authority
of ction 13(3) of the Federal Rerve Act. This limited liability company was formed to purcha residential mortgage-backed curities from the U.S. curities 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 expens of Maiden Lane II LLC, principal due to
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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
Dec 29, 2010
Net portfolio holdings of Maiden Lane III LLC1 23,142
Outstanding principal amount of loan extended by the Federal Rerve Bank of New York2 13,526
Accrued interest payable to the Federal Rerve Bank of New York2 545
Outstanding principal amount and accrued interest on loan payable to American International Group, Inc.3 5,365
1.Fair value. Fair value reflects an estimate of the price that would be received upon lling an ast if the transaction were to be conducted in an
orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of Se
ptember 30, 2010. Any asts purchad after this valuation date are initially recorded at cost until their estimated fair value as of the purcha date becomes available.
2.Book value. This amount was eliminated when preparing the Federal Rerve Bank of New York’s statement of condition consistent with
consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 10.
3.Book value. The fair value of the obligations is included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in
table 9 and table 10.
Note: On November 25, 2008, the Federal Rerve Bank of New York (FRBNY) began extending credit to Maiden Lane III LLC under the authority
of ction 13(3) of the Federal Rerve Act. This limited liability company was formed to purcha multi-ctor 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 purcha 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 expens 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 TALF LLC
托福考多久Millions of dollars
Wednesday
Account name
Dec 29, 2010
Ast-backed curities holdings1 0
Other investments, net 665
Net portfolio holdings of TALF LLC 665
Outstanding principal amount of loan extended by the Federal Rerve Bank of New York2 0
Accrued interest payable to the Federal Rerve Bank of New York2 0
Funding provided by U.S. Treasury to TALF LLC, including accrued interest payable3 106
1.Fair value. Fair value reflects an estimate of the price that would be received upon lling an ast 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 Rerve Bank of New York’s statement of condition consistent with consolidation
under generally accepted accounting principles. Refer to the note on consolidation accompanying table 10.
3.Book value. The fair value of the obligations is included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 9
and table 10.
Note: On November 25, 2008, the Federal Rerve announced the creation of the Term Ast-Backed Securities Loan Facility (TALF) under the authority of ction 13(3) of the Federal Rerve Act. The TALF is a facility under which the Federal Rerve Bank of New York (FRBNY) extends loans with a term of up to five years to holders of eligible ast-backed curities. The TALF is intended to assist financial markets in accommodating the credit needs of consumers and business by facilitating the issuance of ast-backed curities collateralized by a variety of consumer and business loans. The loans provided through the TALF to eligible borrowers are non-recour, 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 curity less an amount known as a haircut. As a result, the borrower bears the initial risk of a decline in the value of the curity.
TALF LLC is a limited liability company formed to purcha and manage any ast-backed curities 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 purcha all ast-backed curities received by the FRBNY in conjunction with a TALF loan at a price equal to the TALF loan plus accrued but unpaid interest. Loss on ast-backed curities held by TALF LLC will be offt in the following order: by the commitment fees collected by TALF LLC, by the interest received on investments of TALF LLC, by up to $4.3 billion in subordinated debt funding provided by the U.S. Treasury, and finally, by nior 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 expens 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.
