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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

March 28, 2013

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

Averages of daily figures

Wednesday
Mar 27, 2013

Week ended
Mar 27, 2013

Change from week ended

Mar 20, 2013

Mar 28, 2012

Reserve Bank credit

3,187,398

+   20,857

+  314,867

3,184,791

Securities held outright1

2,940,190

+   18,184

+  330,333

2,937,814

U.S. Treasury securities

1,788,388

+   10,944

+  120,447

1,794,459

Bills2

         0

         0

-   18,423

         0

Notes and bonds, nominal2

1,698,670

+   10,885

+  126,948

1,704,719

Notes and bonds, inflation-indexed2

    78,879

         0

+   10,212

    78,879

Inflation compensation3

    10,840

+       60

+    1,711

    10,862

Federal agency debt securities2

    72,423

-      459

-   24,414

    72,423

Mortgage-backed securities4

1,079,379

+    7,698

+  234,300

1,070,932

Repurchase agreements5

         0

         0

         0

         0

Loans

       390

-        2

-    6,687

       385

Primary credit

         8

+        2

+        4

         4

Secondary credit

         0

         0

         0

         0

Seasonal credit

         0

         0

-        5

         0

Term Asset-Backed Securities Loan Facility6

       382

-        4

-    6,685

       382

Other credit extensions

         0

         0

         0

         0

Net portfolio holdings of Maiden Lane LLC7

     1,402

         0

-    4,020

     1,403

Net portfolio holdings of Maiden Lane II LLC8

        64

         0

+       45

        64

Net portfolio holdings of Maiden Lane III LLC9

        22

         0

-   17,428

        22

Net portfolio holdings of TALF LLC10

       399

         0

-      432

       399

Float

      -613

+       68

+      222

      -666

Central bank liquidity swaps11

     8,265

+      300

-   56,804

     8,265

Other Federal Reserve assets12

   237,279

+    2,307

+   69,637

   237,104

Gold stock

    11,041

         0

         0

    11,041

Special drawing rights certificate account

     5,200

         0

         0

     5,200

Treasury currency outstanding13

    44,919

+       14

+      535

    44,919

Total factors supplying reserve funds

3,248,558

+   20,871

+  315,402

3,245,951

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.


1. Factors Affecting Reserve Balances of Depository Institutions (continued)

Millions of dollars

Reserve Bank credit, related items, and
reserve balances of depository institutions at
Federal Reserve Banks

Averages of daily figures

Wednesday
Mar 27, 2013

Week ended
Mar 27, 2013

Change from week ended

Mar 20, 2013

Mar 28, 2012

Currency in circulation13

1,174,909

+      103

+   78,337

1,177,679

Reverse repurchase agreements14

    91,632

-    4,031

+    6,548

    92,541

Foreign official and international accounts

    91,632

-    4,031

+    6,548

    92,541

Others

         0

         0

         0

         0

Treasury cash holdings

       226

+        4

+       67

       231

Deposits with F.R. Banks, other than reserve balances

   138,605

+    3,701

-   12,285

    79,972

Term deposits held by depository institutions

     3,045

         0

-       12

     3,045

U.S. Treasury, General Account

    68,019

-    3,347

-   16,024

    53,218

Foreign official

     9,114

+    1,034

+    8,977

     9,107

Service-related

         0

         0

-    1,937

         0

Required clearing balances

         0

         0

-    1,937

         0

Adjustments to compensate for float

         0

         0

         0

         0

Other

    58,427

+    6,014

-    3,290

    14,601

Other liabilities and capital15

    66,817

-    1,911

-    7,297

    65,916

Total factors, other than reserve balances,
absorbing reserve funds

1,472,189

-    2,135

+   65,371

1,416,339

Reserve balances with Federal Reserve Banks

1,776,369

+   23,005

+  250,031

1,829,612

Note: Components may not sum to totals because of rounding.

1.

Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.

2.

Face value of the securities.

3.

Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed securities.

4.

Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of
the underlying mortgages.

5.

Cash value of agreements.

6.

Includes credit extended by the Federal Reserve Bank of New York to eligible borrowers through the Term Asset-Backed Securities Loan Facility.

7.

Refer to table 4 and the note on consolidation accompanying table 9.

8.

Refer to table 5 and the note on consolidation accompanying table 9.

9.

Refer to table 6 and the note on consolidation accompanying table 9.

10.

Refer to table 7 and the note on consolidation accompanying table 9.

11.

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.

12.

Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates, and the fair value adjustment
to credit extended by the FRBNY to eligible borrowers through the Term Asset-Backed Securities Loan Facility.

13.

Estimated.

14.

Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.

15.

Includes the liabilities of 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 7 and the note on consolidation accompanying table 9. Also includes the liability for interest on Federal Reserve notes due to U.S. Treasury. Refer to table 8 and table 9.

Sources: Federal Reserve Banks and the U.S. Department of the Treasury.



1A. Memorandum Items

Millions of dollars

Memorandum item

Averages of daily figures

Wednesday
Mar 27, 2013

Week ended
Mar 27, 2013

Change from week ended

Mar 20, 2013

Mar 28, 2012

Securities held in custody for foreign official and international accounts

3,291,330

-   11,406

+  195,990

3,284,304

Marketable U.S. Treasury securities1

2,951,067

-   15,867

+  283,976

2,945,239

Federal agency debt and mortgage-backed securities2

   302,295

+    4,147

-   87,521

   301,035

Other securities3

    37,967

+      312

-      466

    38,030

Securities lent to dealers

    17,064

+      352

-    2,715

    20,945

Overnight facility4

    17,064

+      352

-    2,715

    20,945

U.S. Treasury securities

    15,986

+      441

-    3,076

    19,970

Federal agency debt securities

     1,078

-       89

+      361

       975

Note: Components may not sum to totals because of rounding.

1.

Includes securities and U.S. Treasury STRIPS at face value, and inflation compensation on TIPS. Does not include securities pledged as collateral to foreign official and international account holders against reverse repurchase agreements with the Federal Reserve presented in tables 1, 8, and 9.

2.

Face value of federal agency securities and current face value of mortgage-backed securities, which is the remaining principal balance of the underlying mortgages.

3.

Includes non-marketable U.S. Treasury securities, supranationals, corporate bonds, asset-backed securities, and commercial paper at face value.

4.

Face value. Fully collateralized by U.S. Treasury securities.


2. Maturity Distribution of Securities, Loans, and Selected Other Assets and Liabilities, March 27, 2013

Millions of dollars

Remaining Maturity

Within 15
days

16 days to
90 days

91 days to
1 year

Over 1 year
to 5 years

Over 5 year
to 10 years

Over 10
years

All

Loans1

         4

         0

         0

       382

         0

...

       385

U.S. Treasury securities2

Holdings

         1

         6

       307

   442,432

   894,432

   457,282

1,794,459

Weekly changes

         0

         0

         0

+        8

+    6,831

+    2,968

+    9,807

Federal agency debt securities3

Holdings

       370

     1,395

    23,315

    42,952

     2,044

     2,347

    72,423

Weekly changes

+      370

-      370

         0

         0

         0

         0

         0

Mortgage-backed securities4

Holdings

         0

         0

         1

         1

     2,560

1,068,370

1,070,932

Weekly changes

         0

         0

         0

         0

-       47

-   14,528

-   14,575

Asset-backed securities held by
TALF LLC5

         0

         0

         0

         0

         0

         0

         0

Repurchase agreements6

         0

         0

...

...

...

...

         0

Central bank liquidity swaps7

     1,165

     7,100

         0

         0

         0

         0

     8,265

Reverse repurchase agreements6

    92,541

         0

...

...

...

...

    92,541

Term deposits

     3,045

         0

         0

...

...

...

     3,045

Note: Components may not sum to totals because of rounding.
...Not applicable.

1.

Excludes the loans from the Federal Reserve Bank of New York (FRBNY) to 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 asset-backed securities held by TALF LLC, which is the remaining principal balance of the underlying assets.

6.

Cash value of agreements.

7.

Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to
the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the foreign
central bank.


3. Supplemental Information on Mortgage-Backed Securities

Millions of dollars

Account name

Wednesday

Mar 27, 2013

Mortgage-backed securities held outright1

1,070,932

Commitments to buy mortgage-backed securities2

    95,185

Commitments to sell mortgage-backed securities2

         0

Cash and cash equivalents3

        96

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, dollar rolls, and coupon swaps.

3.

This amount is included in other Federal Reserve assets in table 1 and in other assets in table 8 and table 9.


4. Information on Principal Accounts of Maiden Lane LLC

Millions of dollars

Account name

Wednesday

Mar 27, 2013

Net portfolio holdings of Maiden Lane LLC1

     1,403

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

Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co.3

         0

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, 2012. 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 9.

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 8 and table 9.

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

Wednesday

Mar 27, 2013

Net portfolio holdings of Maiden Lane II LLC1

        64

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

Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc.3

         0

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, 2012. 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 9.

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 8 and table 9.

Note: On December 12, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden Lane II LLC under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to purchase residential mortgage-backed securities from the U.S. securities lending reinvestment portfolio of subsidiaries of American International Group, Inc. (AIG subsidiaries). Payments by Maiden Lane II LLC from the proceeds of the net portfolio holdings will be made in the following order: operating expenses of Maiden Lane II LLC, principal due to the FRBNY, interest due to the FRBNY, and deferred payment and interest due to AIG subsidiaries. Any remaining funds will be shared by the FRBNY and AIG subsidiaries.


6. Information on Principal Accounts of Maiden Lane III LLC

Millions of dollars

Account name

Wednesday

Mar 27, 2013

Net portfolio holdings of Maiden Lane III LLC1

        22

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

Outstanding principal amount and accrued interest on loan payable to American International Group, Inc.3

         0

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, 2012. 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 9.

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 8 and table 9.

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 TALF LLC

Millions of dollars

Account name

Wednesday

Mar 27, 2013

Asset-backed securities holdings1

         0

Other investments, net

       399

Net portfolio holdings of TALF LLC

       399

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

         0

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 9.

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 8 and table 9.

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 then by the interest received on investments of TALF LLC. 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.


8. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Assets, liabilities, and capital

Eliminations from consolidation

Wednesday
Mar 27, 2013

Change since

Wednesday

Wednesday

Mar 20, 2013

Mar 28, 2012

Assets

Gold certificate account

    11,037

         0

         0

Special drawing rights certificate account

     5,200

         0

         0

Coin

     2,108

-       12

-      211

Securities, repurchase agreements, and loans

2,938,199

-    4,775

+  332,963

Securities held outright1

2,937,814

-    4,769

+  339,639

U.S. Treasury securities

1,794,459

+    9,807

+  129,548

Bills2

         0

         0

-   18,423

Notes and bonds, nominal2

1,704,719

+    9,747

+  136,055

Notes and bonds, inflation-indexed2

    78,879

         0

+   10,212

Inflation compensation3

    10,862

+       60

+    1,704

Federal agency debt securities2

    72,423

         0

-   24,055

Mortgage-backed securities4

1,070,932

-   14,575

+  234,146

Repurchase agreements5

         0

         0

         0

Loans

       385

-        7

-    6,676

Net portfolio holdings of Maiden Lane LLC6

     1,403

+        2

-    4,014

Net portfolio holdings of Maiden Lane II LLC7

        64

         0

+       45

Net portfolio holdings of Maiden Lane III LLC8

        22

         0

-   17,433

Net portfolio holdings of TALF LLC9

       399

         0

-      432

Items in process of collection

(0)

       125

-      372

+       89

Bank premises

     2,303

         0

-       80

Central bank liquidity swaps10

     8,265

+      300

-   56,803

Other assets11

   234,801

+      229

+   69,340

Total assets

(0)

3,203,926

-    4,627

+  323,463

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.


8. Consolidated Statement of Condition of All Federal Reserve Banks (continued)

Millions of dollars

Assets, liabilities, and capital

Eliminations from consolidation

Wednesday
Mar 27, 2013

Change since

Wednesday

Wednesday

Mar 20, 2013

Mar 28, 2012

Liabilities

Federal Reserve notes, net of F.R. Bank holdings

1,135,095

+    2,539

+   78,677

Reverse repurchase agreements12

    92,541

-      384

+    9,314

Deposits

(0)

1,909,584

-    4,330

+  242,985

Term deposits held by depository institutions

     3,045

         0

-       12

Other deposits held by depository institutions

1,829,612

+   73,388

+  264,630

U.S. Treasury, General Account

    53,218

-   17,913

-   15,234

Foreign official

     9,107

+      155

+    8,980

Other

(0)

    14,601

-   59,961

-   15,380

Deferred availability cash items

(0)

       791

-      347

-      192

Other liabilities and accrued dividends13

    10,788

-    2,137

-    8,014

Total liabilities

(0)

3,148,798

-    4,661

+  322,769

Capital accounts

Capital paid in

    27,564

+       17

+      347

Surplus

    27,564

+       17

+      347

Other capital accounts

         0

         0

         0

Total capital

    55,128

+       34

+      694

Note: Components may not sum to totals because of rounding.

1.

Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.

2.

Face value of the securities.

3.

Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed securities.

4.

Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the underlying mortgages.

5.

Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.

6.

Refer to table 4 and the note on consolidation accompanying table 9.

7.

Refer to table 5 and the note on consolidation accompanying table 9.

8.

Refer to table 6 and the note on consolidation accompanying table 9.

9.

Refer to table 7 and the note on consolidation accompanying table 9.

10.

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.

11.

Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates and the fair value adjustment to
credit extended by the Federal Reserve Bank of New York (FRBNY) to eligible borrowers through the Term Asset-Backed Securities Loan Facility.

12.

Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.

13.

Includes the liabilities of 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 7 and the note on consolidation accompanying table 9. Also includes the liability for interest on Federal Reserve notes due to U.S. Treasury.


9. Statement of Condition of Each Federal Reserve Bank, March 27, 2013

Millions of dollars

Assets, liabilities, and capital

Total

Boston

New York

Philadelphia

Cleveland

Richmond

Atlanta

Chicago

St. Louis

Minneapolis

Kansas

Dallas

San

City

Francisco

Assets

Gold certificate account

    11,037

       408

     3,824

       437

       515

       890

     1,337

       839

       313

       192

       315

       725

     1,242

Special drawing rights certificate acct.

     5,200

       196

     1,818

       210

       237

       412

       654

       424

       150

        90

       153

       282

       574

Coin

     2,108

        41

       106

       138

       154

       377

       190

       310

        34

        54

       164

       185

       355

Securities, repurchase agreements,
and loans

2,938,199

    71,354

1,647,480

    97,118

    74,692

   209,088

   177,130

   162,977

    45,930

    26,708

    59,022

   114,152

   252,548

Securities held outright1

2,937,814

    71,354

1,647,098

    97,118

    74,692

   209,088

   177,130

   162,977

    45,930

    26,707

    59,022

   114,149

   252,548

U.S. Treasury securities

1,794,459

    43,584

1,006,071

    59,321

    45,623

   127,714

   108,193

    99,549

    28,055

    16,313

    36,051

    69,724

   154,260

Bills2

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Notes and bonds3

1,794,459

    43,584

1,006,071

    59,321

    45,623

   127,714

   108,193

    99,549

    28,055

    16,313

    36,051

    69,724

   154,260

Federal agency debt securities2

    72,423

     1,759

    40,604

     2,394

     1,841

     5,154

     4,367

     4,018

     1,132

       658

     1,455

     2,814

     6,226

Mortgage-backed securities4

1,070,932

    26,011

   600,423

    35,403

    27,228

    76,220

    64,570

    59,411

    16,743

     9,736

    21,515

    41,611

    92,062

Repurchase agreements5

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Loans

       385

         0

       382

         0

         0

         0

         0

         0

         0

         1

         0

         3

         0

Net portfolio holdings of Maiden

Lane LLC6

     1,403

         0

     1,403

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Net portfolio holdings of Maiden

Lane II LLC7

        64

         0

        64

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Net portfolio holdings of Maiden

Lane III LLC8

        22

         0

        22

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Net portfolio holdings of TALF LLC9

       399

         0

       399

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Items in process of collection

       125

         0

         0

         0

         0

         0

       124

         0

         0

         0

         0

         0

         0

Bank premises

     2,303

       117

       428

        71

       114

       228

       214

       202

       130

       102

       251

       237

       207

Central bank liquidity swaps10

     8,265

       406

     2,642

       639

       645

     1,736

       471

       236

        69

        35

        84

       131

     1,172

Other assets11

   234,801

     6,327

   125,486

     8,820

     7,229

    20,164

    14,110

    12,375

     3,530

     2,071

     4,499

     8,688

    21,502

Interdistrict settlement account

         0

-    2,253

+   44,765

-   17,837

-    6,730

-   46,371

+    9,178

-   14,356

-    1,265

-    1,782

-   11,037

-   15,013

+   62,703

Total assets

3,203,926

    76,596

1,828,438

    89,596

    76,856

   186,525

   203,408

   163,006

    48,891

    27,471

    53,450

   109,386

   340,304

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.


9. Statement of Condition of Each Federal Reserve Bank, March 27, 2013 (continued)

Millions of dollars

Assets, liabilities, and capital

Total

Boston

New York

Philadelphia

Cleveland

Richmond

Atlanta

Chicago

St. Louis

Minneapolis

Kansas

Dallas

San

City

Francisco

Liabilities

Federal Reserve notes outstanding

1,402,657

    46,892

   526,322

    46,559

    60,987

   102,245

   174,517

    94,415

    36,762

    23,519

    37,519

    97,950

   154,970

Less: Notes held by F.R. Banks

   267,562

    10,988

    97,976

     4,352

     9,050

    11,191

    30,852

    14,565

     3,445

     7,459

     9,949

    42,736

    24,998

Federal Reserve notes, net

1,135,095

    35,905

   428,346

    42,207

    51,937

    91,054

   143,665

    79,850

    33,317

    16,060

    27,569

    55,214

   129,972

Reverse repurchase agreements12

    92,541

     2,248

    51,883

     3,059

     2,353

     6,586

     5,580

     5,134

     1,447

       841

     1,859

     3,596

     7,955

Deposits

1,909,584

    35,464

1,324,683

    39,673

    17,961

    76,493

    49,801

    75,893

    13,454

     9,970

    23,242

    49,275

   193,672

Term deposits held by depository institutions

     3,045

        10

     1,762

         0

         0

        40

       388

         5

         0

       100

       205

         5

       530

Other deposits held by depository institutions

1,829,612

    35,452

1,246,221

    39,639

    17,958

    76,324

    49,404

    75,860

    13,454

     9,869

    23,036

    49,268

   193,128

U.S. Treasury, General Account

    53,218

         0

    53,218

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Foreign official

     9,107

         2

     9,080

         3

         3

         8

         2

         1

         0

         0

         0

         1

         6

Other

    14,601

         0

    14,402

        31

         0

       121

         7

        27

         0

         0

         1

         2

         9

Deferred availability cash items

       791

         0

         0

         0

         0

         0

       593

         0

         0

       198

         0

         0

         0

Interest on Federal Reserve notes due
to U.S. Treasury13

     1,290

        27

       777

        39

        28

        82

        74

        74

        17

        11

        24

        35

       102

Other liabilities and accrued
dividends14

     9,498

       258

     5,227

       327

       300

       802

       553

       486

       192

       157

       196

       352

       647

Total liabilities

3,148,798

    73,901

1,810,916

    85,306

    72,578

   175,018

   200,266

   161,437

    48,428

    27,237

    52,891

   108,472

   332,348

Capital

Capital paid in

    27,564

     1,348

     8,761

     2,145

     2,139

     5,754

     1,571

       785

       232

       117

       280

       457

     3,978

Surplus

    27,564

     1,348

     8,761

     2,145

     2,139

     5,754

     1,571

       785

       232

       117

       280

       457

     3,978

Other capital

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Total liabilities and capital

3,203,926

    76,596

1,828,438

    89,596

    76,856

   186,525

   203,408

   163,006

    48,891

    27,471

    53,450

   109,386

   340,304

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.


9. Statement of Condition of Each Federal Reserve Bank, March 27, 2013 (continued)

1.

Includes securities lent to dealers under the overnight securities lending facility; 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 4 and the note on consolidation below.

7.

Refer to table 5 and the note on consolidation below.

8.

Refer to table 6 and the note on consolidation below.

9.

Refer to table 7 and the note on consolidation below.

10.

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.

11.

Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates and the fair value adjustment to credit extended by the Federal Reserve Bank
of New York (FRBNY) to eligible borrowers through the Term Asset-Backed Securities Loan Facility.

12.

Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.

13.

Represents the estimated weekly remittances to U.S. Treasury as interest on Federal Reserve notes or, in those cases where the Reserve Bank's net earnings are not sufficient to equate surplus to capital paid-in, the deferred asset for interest on Federal Reserve notes. The amount of any deferred asset, which is presented as a negative amount in this line, represents the amount of the Federal Reserve Bank's earnings that must be retained before remittances to the U.S. Treasury resume. The amounts on this line are calculated in accordance with Board of Governors policy, which requires the Federal Reserve Banks to remit residual earnings to the U.S. Treasury as interest on Federal Reserve notes after providing for the costs of operations, payment of dividends, and the amount necessary to equate surplus with capital paid-in.

14.

Includes the liabilities of 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 7 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 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 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 8), 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 8).

10. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts

Millions of dollars

Federal Reserve notes and collateral

Wednesday

Mar 27, 2013

Federal Reserve notes outstanding

1,402,657

Less: Notes held by F.R. Banks not subject to collateralization

   267,562

Federal Reserve notes to be collateralized

1,135,095

Collateral held against Federal Reserve notes

1,135,095

Gold certificate account

    11,037

Special drawing rights certificate account

     5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2

1,118,858

Other assets pledged

         0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2

2,937,814

Less: Face value of securities under reverse repurchase agreements

    79,599

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged

2,858,214

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 securities lending facility; refer to table 1A.


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