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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

August 22, 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
Aug 21, 2013

Week ended
Aug 21, 2013

Change from week ended

Aug 14, 2013

Aug 22, 2012

Reserve Bank credit

3,589,705

+   24,145

+  806,015

3,602,633

Securities held outright1

3,368,543

+   39,082

+  782,247

3,381,070

U.S. Treasury securities

2,007,832

+    9,523

+  367,455

2,012,169

Bills2

         0

         0

         0

         0

Notes and bonds, nominal2

1,908,905

+    8,233

+  348,964

1,913,222

Notes and bonds, inflation-indexed2

    85,819

+    1,211

+   15,384

    85,819

Inflation compensation3

    13,108

+       79

+    3,107

    13,128

Federal agency debt securities2

    65,713

-      693

-   22,794

    65,713

Mortgage-backed securities4

1,294,998

+   30,251

+  437,586

1,303,189

Unamortized premiums on securities held outright5

   203,827

-       40

+   55,871

   204,100

Unamortized discounts on securities held outright5

    -4,146

-      581

-    2,225

    -4,368

Repurchase agreements6

         0

         0

         0

         0

Loans

       344

+        9

-    3,069

       278

Primary credit

        22

+        7

+       12

        25

Secondary credit

         0

         0

         0

         0

Seasonal credit

       149

+       13

+        5

       151

Term Asset-Backed Securities Loan Facility7

       173

-       12

-    3,085

       102

Other credit extensions

         0

         0

         0

         0

Net portfolio holdings of Maiden Lane LLC8

     1,487

-        2

-      381

     1,491

Net portfolio holdings of Maiden Lane II LLC9

        64

         0

+        3

        64

Net portfolio holdings of Maiden Lane III LLC10

        22

         0

-    1,456

        22

Net portfolio holdings of TALF LLC11

       195

         0

-      654

       195

Float

      -660

+        1

-       16

      -668

Central bank liquidity swaps12

       317

-    1,162

-   26,167

       317

Other Federal Reserve assets13

    19,713

-   13,161

+    1,864

    20,132

Foreign currency denominated assets14

    23,997

-       59

-    1,036

    24,025

Gold stock

    11,041

         0

         0

    11,041

Special drawing rights certificate account

     5,200

         0

         0

     5,200

Treasury currency outstanding15

    45,245

+       14

+      664

    45,245

Total factors supplying reserve funds

3,675,188

+   24,099

+  805,644

3,688,145

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
Aug 21, 2013

Week ended
Aug 21, 2013

Change from week ended

Aug 14, 2013

Aug 22, 2012

Currency in circulation15

1,198,394

-      204

+   81,814

1,199,483

Reverse repurchase agreements16

    99,032

+    4,209

+    5,756

    96,342

Foreign official and international accounts

    97,603

+    3,721

+    4,327

    96,342

Others

     1,429

+      488

+    1,429

         0

Treasury cash holdings

       151

         0

+       22

       146

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

   120,060

+    4,016

+   36,856

   128,920

Term deposits held by depository institutions

         0

-   11,913

         0

         0

U.S. Treasury, General Account

    51,174

-   12,947

+   27,136

    41,527

Foreign official

    10,387

-       67

+    5,300

    10,376

Other

    58,499

+   28,943

+    4,419

    77,018

Other liabilities and capital17

    63,881

-    2,046

-      721

    63,061

Total factors, other than reserve balances,
absorbing reserve funds

1,481,517

+    5,973

+  123,726

1,487,953

Reserve balances with Federal Reserve Banks

2,193,671

+   18,126

+  681,918

2,200,192

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.

Reflects the premium or discount, which is the difference between the purchase price and the face value of the securities that has not been amortized.  For U.S. Treasury and Federal agency debt securities, amortization is on a straight-line basis.  For mortgage-backed securities, amortization is on an effective-interest basis.

6.

Cash value of agreements.

7.

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

8.

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

9.

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

10.

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

11.

Refer to table 7 and the note on consolidation accompanying 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 accrued interest, which represents the daily accumulation of interest earned, and other accounts receivable.  Also, includes Reserve Bank premises and equipment net of allowances for depreciation.

14.

Revalued daily at current foreign currency exchange rates.

15.

Estimated.

16.

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

17.

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
Aug 21, 2013

Week ended
Aug 21, 2013

Change from week ended

Aug 14, 2013

Aug 22, 2012

Securities held in custody for foreign official and international accounts

3,283,446

+   16,217

+  126,330

3,281,184

Marketable U.S. Treasury securities1

2,935,713

+   14,747

+  148,980

2,926,910

Federal agency debt and mortgage-backed securities2

   310,191

+    1,222

-   21,830

   316,656

Other securities3

    37,542

+      249

-      820

    37,618

Securities lent to dealers

    12,936

+    1,955

+    6,283

    11,114

Overnight facility4

    12,936

+    1,955

+    6,283

    11,114

U.S. Treasury securities

    12,144

+    1,979

+    6,090

    10,279

Federal agency debt securities

       792

-       24

+      193

       835

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, August 21, 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

       139

        38

        29

        73

         0

...

       278

U.S. Treasury securities2

Holdings

         1

         4

       382

   622,376

   871,934

   517,472

2,012,169

Weekly changes

+        1

         0

+        1

+        5

+   16,602

-    5,533

+   11,076

Federal agency debt securities3

Holdings

         0

     7,341

    16,810

    39,153

        62

     2,347

    65,713

Weekly changes

         0

+      708

-      708

         0

         0

         0

         0

Mortgage-backed securities4

Holdings

         0

         0

         0

         2

     2,644

1,300,543

1,303,189

Weekly changes

         0

         0

         0

         0

+        1

+    3,357

+    3,358

Asset-backed securities held by
TALF LLC5

         0

         0

         0

         0

         0

         0

         0

Repurchase agreements6

         0

         0

...

...

...

...

         0

Central bank liquidity swaps7

         0

       317

         0

         0

         0

         0

       317

Reverse repurchase agreements6

    96,342

         0

...

...

...

...

    96,342

Term deposits

         0

         0

         0

...

...

...

         0

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

Aug 21, 2013

Mortgage-backed securities held outright1

1,303,189

Commitments to buy mortgage-backed securities2

    67,854

Commitments to sell mortgage-backed securities2

         0

Cash and cash equivalents3

        28

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

Aug 21, 2013

Net portfolio holdings of Maiden Lane LLC1

     1,491

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 June 30, 2013. 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

Aug 21, 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 June 30, 2013. 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

Aug 21, 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 June 30, 2013. 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

Aug 21, 2013

Asset-backed securities holdings1

         0

Other investments, net

       195

Net portfolio holdings of TALF LLC

       195

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) extended loans with a term of up to five years to holders of eligible asset-backed securities. The Federal Reserve closed the TALF for new loan extensions in 2010. 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.

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. Prior to January 15, 2013, the U.S. Treasury's Troubled Asset Relief Program (TARP) committed backup funding to TALF LLC, providing credit protection to the FRBNY. However, the accumulated fees and income collected through the TALF and held by TALF LLC now exceed the remaining amount of TALF loans outstanding. Accordingly, the TARP credit protection commitment has been terminated, and TALF LLC has begun to distribute excess proceeds to the Treasury and the FRBNY. 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
Aug 21, 2013

Change since

Wednesday

Wednesday

Aug 14, 2013

Aug 22, 2012

Assets

Gold certificate account

    11,037

         0

         0

Special drawing rights certificate account

     5,200

         0

         0

Coin

     1,997

+        8

-      161

Securities, unamortized premiums and discounts, repurchase agreements, and loans

3,581,080

+   13,910

+  848,388

Securities held outright1

3,381,070

+   14,433

+  797,398

U.S. Treasury securities

2,012,169

+   11,076

+  375,017

Bills2

         0

         0

         0

Notes and bonds, nominal2

1,913,222

+   11,021

+  356,496

Notes and bonds, inflation-indexed2

    85,819

         0

+   15,384

Inflation compensation3

    13,128

+       54

+    3,137

Federal agency debt securities2

    65,713

         0

-   21,497

Mortgage-backed securities4

1,303,189

+    3,358

+  443,879

Unamortized premiums on securities held outright5

   204,100

+       31

+   56,012

Unamortized discounts on securities held outright5

    -4,368

-      468

-    2,452

Repurchase agreements6

         0

         0

         0

Loans

       278

-       86

-    2,569

Net portfolio holdings of Maiden Lane LLC7

     1,491

+        5

-      378

Net portfolio holdings of Maiden Lane II LLC8

        64

         0

+        3

Net portfolio holdings of Maiden Lane III LLC9

        22

         0

-    1,532

Net portfolio holdings of TALF LLC10

       195

         0

-      656

Items in process of collection

(0)

       108

         0

-       39

Bank premises

     2,290

+        1

-       66

Central bank liquidity swaps11

       317

-    1,162

-   26,167

Foreign currency denominated assets12

    24,025

+      172

-    1,148

Other assets13

    17,841

-   13,590

+    1,762

Total assets

(0)

3,645,668

-      655

+  820,007

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
Aug 21, 2013

Change since

Wednesday

Wednesday

Aug 14, 2013

Aug 22, 2012

Liabilities

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

1,156,377

+       13

+   80,623

Reverse repurchase agreements14

    96,342

-    1,727

+    2,629

Deposits

(0)

2,329,112

+    3,042

+  737,886

Term deposits held by depository institutions

         0

-   11,913

         0

Other deposits held by depository institutions

2,200,192

+    1,333

+  690,345

U.S. Treasury, General Account

    41,527

-   15,630

+   27,847

Foreign official

    10,376

-       35

+    5,293

Other

(0)

    77,018

+   29,288

+   14,402

Deferred availability cash items

(0)

       776

-      113

-       45

Other liabilities and accrued dividends15

     7,974

-    1,863

-    1,513

Total liabilities

(0)

3,590,581

-      648

+  819,580

Capital accounts

Capital paid in

    27,544

-        3

+      214

Surplus

    27,544

-        3

+      214

Other capital accounts

         0

         0

         0

Total capital

    55,087

-        7

+      427

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.

Reflects the premium or discount, which is the difference between the purchase price and the face value of the securities that has not been amortized.  For U.S. Treasury and Federal agency debt securities, amortization is on a straight-line basis.  For mortgage-backed securities, amortization is on an effective-interest basis.

6.

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

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.

Revalued daily at current foreign currency exchange rates.

13.

Includes accrued interest, which represents the daily accumulation of interest earned, and other accounts receivable.

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.


9. Statement of Condition of Each Federal Reserve Bank, August 21, 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

       391

     3,925

       397

       512

       856

     1,421

       792

       310

       190

       309

       728

     1,206

Special drawing rights certificate acct.

     5,200

       196

     1,818

       210

       237

       412

       654

       424

       150

        90

       153

       282

       574

Coin

     1,997

        35

        85

       127

       139

       344

       196

       290

        31

        48

       161

       196

       345

Securities, unamortized premiums and discounts, repurchase agreements,
and loans

3,581,080

    93,634

1,985,803

   103,752

    91,450

   222,657

   237,895

   193,522

    57,645

    34,028

    67,764

   139,059

   353,870

Securities held outright1

3,381,070

    88,412

1,874,942

    97,964

    86,349

   210,238

   224,600

   182,701

    54,402

    32,084

    63,966

   131,295

   334,117

U.S. Treasury securities

2,012,169

    52,616

1,115,830

    58,301

    51,389

   125,118

   133,666

   108,731

    32,376

    19,094

    38,068

    78,137

   198,842

Bills2

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Notes and bonds3

2,012,169

    52,616

1,115,830

    58,301

    51,389

   125,118

   133,666

   108,731

    32,376

    19,094

    38,068

    78,137

   198,842

Federal agency debt securities2

    65,713

     1,718

    36,441

     1,904

     1,678

     4,086

     4,365

     3,551

     1,057

       624

     1,243

     2,552

     6,494

Mortgage-backed securities4

1,303,189

    34,077

   722,671

    37,759

    33,282

    81,033

    86,569

    70,420

    20,969

    12,366

    24,655

    50,606

   128,781

Unamortized premiums on securities held outright5

   204,100

     5,337

   113,182

     5,914

     5,213

    12,691

    13,558

    11,029

     3,284

     1,937

     3,861

     7,926

    20,169

Unamortized discounts on securities held outright5

    -4,368

      -114

    -2,422

      -127

      -112

      -272

      -290

      -236

       -70

       -41

       -83

      -170

      -432

Repurchase agreements6

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Loans

       278

         0

       102

         1

         0

         0

        27

        28

        29

        49

        19

         8

        16

Net portfolio holdings of Maiden

Lane LLC7

     1,491

         0

     1,491

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Net portfolio holdings of Maiden

Lane II LLC8

        64

         0

        64

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Net portfolio holdings of Maiden

Lane III LLC9

        22

         0

        22

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Net portfolio holdings of TALF LLC10

       195

         0

       195

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Items in process of collection

       108

         0

         0

         0

         0

         0

       107

         0

         0

         0

         0

         0

         0

Bank premises

     2,290

       119

       428

        72

       112

       229

       212

       201

       128

       101

       249

       234

       205

Central bank liquidity swaps11

       317

        16

       101

        25

        25

        67

        18

         9

         3

         1

         3

         5

        45

Foreign currency denominated assets12

    24,025

     1,181

     7,683

     1,858

     1,874

     5,045

     1,368

       685

       200

       101

       243

       381

     3,407

Other assets13

    17,841

       497

     9,465

       557

       467

     1,295

     1,196

       957

       310

       227

       356

       776

     1,738

Interdistrict settlement account

         0

-   26,139

+  281,197

-   25,733

-   21,890

-   23,387

-   48,894

-   52,841

-   15,479

-   14,547

-   23,988

-   35,104

+    6,804

Total assets

3,645,668

    69,930

2,292,278

    81,265

    72,926

   207,518

   194,173

   144,039

    43,298

    20,240

    45,250

   106,557

   368,195

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, August 21, 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

1,488,216

    47,431

   551,491

    45,635

    61,991

   112,505

   181,671

    96,647

    37,539

    23,693

    39,757

   119,759

   170,097

Less: Notes held by F.R. Banks

   331,839

    13,178

    93,871

     9,143

    10,071

    15,143

    35,729

    23,403

     5,066

    11,159

    13,707

    61,655

    39,715

Federal Reserve notes, net

1,156,377

    34,253

   457,620

    36,492

    51,920

    97,362

   145,942

    73,244

    32,473

    12,535

    26,050

    58,104

   130,381

Reverse repurchase agreements14

    96,342

     2,519

    53,426

     2,791

     2,460

     5,991

     6,400

     5,206

     1,550

       914

     1,823

     3,741

     9,521

Deposits

2,329,112

    30,314

1,759,689

    37,474

    13,915

    91,940

    37,418

    63,640

     8,623

     6,296

    16,640

    43,470

   219,693

Term deposits held by depository institutions

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Other deposits held by depository institutions

2,200,192

    30,305

1,631,194

    37,439

    13,908

    91,626

    37,406

    63,611

     8,623

     6,295

    16,639

    43,468

   219,678

U.S. Treasury, General Account

    41,527

         0

    41,527

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Foreign official

    10,376

         2

    10,349

         3

         3

         8

         2

         1

         0

         0

         0

         1

         6

Other

    77,018

         8

    76,619

        32

         4

       305

        10

        27

         0

         0

         1

         2

        10

Deferred availability cash items

       776

         0

         0

         0

         0

         0

       671

         0

         0

       105

         0

         0

         0

Interest on Federal Reserve notes due
to U.S. Treasury15

     1,670

        47

       901

        47

        47

       125

       112

        85

        26

        15

        28

        63

       174

Other liabilities and accrued
dividends16

     6,304

       198

     3,103

       235

       231

       579

       430

       351

       163

       142

       146

       258

       469

Total liabilities

3,590,581

    67,332

2,274,739

    77,039

    68,573

   195,997

   190,973

   142,526

    42,835

    20,006

    44,687

   105,636

   360,238

Capital

Capital paid in

    27,544

     1,299

     8,770

     2,113

     2,176

     5,760

     1,600

       756

       232

       117

       282

       461

     3,978

Surplus

    27,544

     1,299

     8,770

     2,113

     2,176

     5,760

     1,600

       756

       232

       117

       282

       461

     3,978

Other capital

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Total liabilities and capital

3,645,668

    69,930

2,292,278

    81,265

    72,926

   207,518

   194,173

   144,039

    43,298

    20,240

    45,250

   106,557

   368,195

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, August 21, 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.

Reflects the premium or discount, which is the difference between the purchase price and the face value of the securities that has not been amortized.  For U.S. Treasury and Federal agency debt securities, amortization is on a straight-line basis.  For mortgage-backed securities, amortization is on an effective-interest basis.

6.

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

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 7 and the note on consolidation below.

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.

Revalued daily at current foreign currency exchange rates.

13.

Includes accrued interest, which represents the daily accumulation of interest earned, and other accounts receivable.

14.

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

15.

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.

16.

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

Aug 21, 2013

Federal Reserve notes outstanding

1,488,216

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

   331,839

Federal Reserve notes to be collateralized

1,156,377

Collateral held against Federal Reserve notes

1,156,377

Gold certificate account

    11,037

Special drawing rights certificate account

     5,200

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

1,140,140

Other assets pledged

         0

Memo:

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

3,381,070

Less: Face value of securities under reverse repurchase agreements

    89,184

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

3,291,887

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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