Doesn't feel like owning stock, really need to find out, what's in the portfolio of Maiden Lane ( This is a holding company created with the purchase of JP Morgan Bear Stearns). In this portfolio then, that, according to the Fed's definition, it is very risky to keep JP Morgan on the bail. Probably some kind of illiquid.
9. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of dollars Eliminations Change since from Wednesday Wednesday Wednesday Assets, liabilities, and capital consolidation Nov 18, 2009 Nov 11, 2009 Nov 19, 2008 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 5,200 0 + 3,000 Coin 2,037 - 23 + 389 Securities, repurchase agreements, term auction credit, and other loans 1,994,607 + 75,616 + 721,678 Securities held outright (1) 1,776,618 + 74,852 +1,287,692 U.S. Treasury securities 776,527 + 7 + 300,102 Bills (2) 18,423 0 0 Notes and bonds, nominal (2) 707,649 0 + 297,158 Notes and bonds, inflation-indexed (2) 44,643 0 + 3,572 Inflation compensation (3) 5,813 + 7 - 627 Federal agency debt securities (2) 153,049 + 3,376 + 140,548 Mortgage-backed securities (4) 847,042 + 71,469 + 847,042 Repurchase agreements (5) 0 0 - 80,000 Term auction credit 109,456 0 - 305,846 Other loans 108,532 + 763 - 180,170 Net portfolio holdings of Commercial Paper Funding Facility LLC (6) 15,043 + 744 - 255,836 Net portfolio holdings of Maiden Lane LLC (7) 26,349 + 10 - 570 Net portfolio holdings of Maiden Lane II LLC (8) 15,766 + 33 + 15,766 Net portfolio holdings of Maiden Lane III LLC (9) 22,951 + 19 + 22,951 Net portfolio holdings of TALF LLC (10) 231 + 231 + 231 Items in process of collection (279) 450 + 39 - 665 Bank premises 2,228 + 2 + 50 Central bank liquidity swaps (11) 28,278 - 810 - 533,812 Other assets (12) 87,764 - 2,093 + 50,074 Total assets (279) 2,211,939 + 73,766 + 23,253