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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

September 19, 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
Sep 18, 2013

Week ended
Sep 18, 2013

Change from week ended

Sep 11, 2013

Sep 19, 2012

Reserve Bank credit

3,672,426

+   56,429

+  892,761

3,679,297

Securities held outright1

3,448,758

+   54,582

+  862,091

3,455,478

U.S. Treasury securities

2,047,534

+    9,253

+  404,071

2,052,055

Bills2

         0

         0

         0

         0

Notes and bonds, nominal2

1,947,007

+    7,972

+  385,335

1,951,525

Notes and bonds, inflation-indexed2

    87,209

+    1,191

+   15,425

    87,209

Inflation compensation3

    13,317

+       89

+    3,309

    13,321

Federal agency debt securities2

    63,974

-      456

-   23,188

    63,652

Mortgage-backed securities4

1,337,250

+   45,784

+  481,208

1,339,771

Unamortized premiums on securities held outright5

   203,834

+      686

+   50,855

   204,077

Unamortized discounts on securities held outright5

    -6,296

-      590

-    4,542

    -6,439

Repurchase agreements6

         0

         0

         0

         0

Loans

       286

+       13

-    1,527

       302

Primary credit

        30

+       12

+       17

        51

Secondary credit

         0

         0

         0

         0

Seasonal credit

       154

+        1

+       33

       149

Term Asset-Backed Securities Loan Facility7

       102

         0

-    1,577

       102

Other credit extensions

         0

         0

         0

         0

Net portfolio holdings of Maiden Lane LLC8

     1,498

+        5

-      394

     1,496

Net portfolio holdings of Maiden Lane II LLC9

        64

         0

+        3

        64

Net portfolio holdings of Maiden Lane III LLC10

        22

         0

-    1,563

        22

Net portfolio holdings of TALF LLC11

       112

-       12

-      739

       112

Float

      -668

+      101

-        6

      -651

Central bank liquidity swaps12

       262

-       58

-   14,480

       262

Other Federal Reserve assets13

    24,555

+    1,703

+    3,063

    24,575

Foreign currency denominated assets14

    23,822

+      152

-    2,160

    23,880

Gold stock

    11,041

         0

         0

    11,041

Special drawing rights certificate account

     5,200

         0

         0

     5,200

Treasury currency outstanding15

    45,301

+       14

+      687

    45,301

Total factors supplying reserve funds

3,757,791

+   56,596

+  891,289

3,764,720

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
Sep 18, 2013

Week ended
Sep 18, 2013

Change from week ended

Sep 11, 2013

Sep 19, 2012

Currency in circulation15

1,205,074

-    2,441

+   80,013

1,204,998

Reverse repurchase agreements16

    92,828

+      240

-    2,262

    93,020

Foreign official and international accounts

    92,828

+      240

-      977

    93,020

Others

         0

         0

-    1,286

         0

Treasury cash holdings

       144

+        2

+       36

       152

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

   100,392

+   28,444

-   25,289

   148,661

Term deposits held by depository institutions

    11,662

+   11,662

+    8,622

    11,662

U.S. Treasury, General Account

    48,099

+    9,548

-   16,617

    60,914

Foreign official

     8,740

-      254

+    3,180

     8,874

Other

    31,892

+    7,489

-   20,473

    67,211

Other liabilities and capital17

    65,971

+    2,798

-    1,275

    63,858

Total factors, other than reserve balances,
absorbing reserve funds

1,464,408

+   29,043

+   51,221

1,510,688

Reserve balances with Federal Reserve Banks

2,293,383

+   27,552

+  840,068

2,254,032

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. The current face value shown is the remaining principal balance of
the securities.

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
Sep 18, 2013

Week ended
Sep 18, 2013

Change from week ended

Sep 11, 2013

Sep 19, 2012

Securities held in custody for foreign official and international accounts

3,279,076

+    2,599

+  103,433

3,285,062

Marketable U.S. Treasury securities1

2,926,092

+    1,943

+  121,097

2,933,265

Federal agency debt and mortgage-backed securities2

   314,952

+      139

-   17,035

   313,728

Other securities3

    38,032

+      517

-      629

    38,068

Securities lent to dealers

    17,659

+    5,561

+   11,116

    23,995

Overnight facility4

    17,659

+    5,561

+   11,116

    23,995

U.S. Treasury securities

    16,689

+    5,424

+   10,896

    23,003

Federal agency debt securities

       970

+      137

+      221

       992

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 securities.

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, September 18, 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

       177

        23

        29

        73

         0

...

       302

U.S. Treasury securities2

Holdings

         2

         4

       385

   646,633

   874,742

   530,290

2,052,055

Weekly changes

+        2

-        1

         0

+        1

+    7,056

+    3,911

+   10,967

Federal agency debt securities3

Holdings

     3,000

     3,431

    17,215

    37,597

        62

     2,347

    63,652

Weekly changes

+    2,436

-    1,849

+      405

-    1,556

         0

         0

-      564

Mortgage-backed securities4

Holdings

         0

         0

         0

         2

     2,596

1,337,172

1,339,771

Weekly changes

         0

         0

         0

         0

-        3

+   48,296

+   48,293

Asset-backed securities held by
TALF LLC5

         0

         0

         0

         0

         0

         0

         0

Repurchase agreements6

         0

         0

...

...

...

...

         0

Central bank liquidity swaps7

        76

       186

         0

         0

         0

         0

       262

Reverse repurchase agreements6

    93,020

         0

...

...

...

...

    93,020

Term deposits

         0

    11,662

         0

...

...

...

    11,662

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. The current face value shown is the remaining principal balance of the securities.

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

Sep 18, 2013

Mortgage-backed securities held outright1

1,339,771

Commitments to buy mortgage-backed securities2

    70,339

Commitments to sell mortgage-backed securities2

         0

Cash and cash equivalents3

        83

1.

Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the remaining principal balance of the securities.

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

Sep 18, 2013

Net portfolio holdings of Maiden Lane LLC1

     1,496

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

Sep 18, 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

Sep 18, 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

Sep 18, 2013

Asset-backed securities holdings1

         0

Other investments, net

       112

Net portfolio holdings of TALF LLC

       112

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
Sep 18, 2013

Change since

Wednesday

Wednesday

Sep 11, 2013

Sep 19, 2012

Assets

Gold certificate account

    11,037

         0

         0

Special drawing rights certificate account

     5,200

         0

         0

Coin

     2,001

+        9

-      176

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

3,653,418

+   59,139

+  916,778

Securities held outright1

3,455,478

+   58,696

+  872,140

U.S. Treasury securities

2,052,055

+   10,967

+  405,957

Bills2

         0

         0

         0

Notes and bonds, nominal2

1,951,525

+   10,958

+  387,207

Notes and bonds, inflation-indexed2

    87,209

         0

+   15,425

Inflation compensation3

    13,321

+        9

+    3,325

Federal agency debt securities2

    63,652

-      564

-   23,446

Mortgage-backed securities4

1,339,771

+   48,293

+  489,629

Unamortized premiums on securities held outright5

   204,077

+      990

+   50,825

Unamortized discounts on securities held outright5

    -6,439

-      572

-    4,665

Repurchase agreements6

         0

         0

         0

Loans

       302

+       25

-    1,521

Net portfolio holdings of Maiden Lane LLC7

     1,496

-        2

-      243

Net portfolio holdings of Maiden Lane II LLC8

        64

         0

+        3

Net portfolio holdings of Maiden Lane III LLC9

        22

         0

-    1,563

Net portfolio holdings of TALF LLC10

       112

         0

-      739

Items in process of collection

(0)

       124

-        1

-       13

Bank premises

     2,286

+        2

-       65

Central bank liquidity swaps11

       262

-       58

-   14,480

Foreign currency denominated assets12

    23,880

+      154

-    2,060

Other assets13

    22,288

+      912

+    3,173

Total assets

(0)

3,722,192

+   60,157

+  900,618

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
Sep 18, 2013

Change since

Wednesday

Wednesday

Sep 11, 2013

Sep 19, 2012

Liabilities

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

1,161,845

-    1,625

+   78,538

Reverse repurchase agreements14

    93,020

+      856

-      949

Deposits

(0)

2,402,693

+   60,284

+  824,284

Term deposits held by depository institutions

    11,662

+   11,662

+    8,622

Other deposits held by depository institutions

2,254,032

-   21,610

+  833,397

U.S. Treasury, General Account

    60,914

+   30,894

-   14,762

Foreign official

     8,874

+      109

+    3,314

Other

(0)

    67,211

+   39,229

-    6,287

Deferred availability cash items

(0)

       776

-      108

-       57

Other liabilities and accrued dividends15

     8,982

+      760

-    1,231

Total liabilities

(0)

3,667,315

+   60,167

+  900,584

Capital accounts

Capital paid in

    27,438

-        6

+       16

Surplus

    27,438

-        6

+       16

Other capital accounts

         0

         0

         0

Total capital

    54,876

-       11

+       33

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. The current face value shown is the remaining principal balance of the securities.

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, September 18, 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

     2,001

        36

        89

       127

       136

       342

       207

       286

        28

        48

       160

       192

       349

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

3,653,418

    95,525

2,025,905

   105,861

    93,297

   227,154

   242,695

   197,450

    58,809

    34,718

    69,136

   141,866

   361,002

Securities held outright1

3,455,478

    90,357

1,916,204

   100,120

    88,249

   214,864

   229,543

   186,722

    55,600

    32,790

    65,374

   134,185

   341,470

U.S. Treasury securities

2,052,055

    53,659

1,137,948

    59,457

    52,407

   127,598

   136,315

   110,886

    33,018

    19,472

    38,823

    79,686

   202,784

Bills2

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Notes and bonds3

2,052,055

    53,659

1,137,948

    59,457

    52,407

   127,598

   136,315

   110,886

    33,018

    19,472

    38,823

    79,686

   202,784

Federal agency debt securities2

    63,652

     1,664

    35,298

     1,844

     1,626

     3,958

     4,228

     3,440

     1,024

       604

     1,204

     2,472

     6,290

Mortgage-backed securities4

1,339,771

    35,034

   742,958

    38,819

    34,216

    83,308

    88,999

    72,397

    21,557

    12,713

    25,347

    52,027

   132,396

Unamortized premiums on securities held outright5

   204,077

     5,336

   113,169

     5,913

     5,212

    12,690

    13,557

    11,028

     3,284

     1,937

     3,861

     7,925

    20,167

Unamortized discounts on securities held outright5

    -6,439

      -168

    -3,571

      -187

      -164

      -400

      -428

      -348

      -104

       -61

      -122

      -250

      -636

Repurchase agreements6

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Loans

       302

         0

       102

        15

         0

         1

        23

        48

        29

        53

        23

         7

         1

Net portfolio holdings of Maiden

Lane LLC7

     1,496

         0

     1,496

         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

       112

         0

       112

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Items in process of collection

       124

         0

         0

         0

         0

         0

       124

         0

         0

         0

         0

         0

         0

Bank premises

     2,286

       118

       428

        72

       112

       229

       212

       201

       127

       100

       249

       233

       205

Central bank liquidity swaps11

       262

        13

        84

        20

        20

        55

        15

         7

         2

         1

         3

         4

        37

Foreign currency denominated assets12

    23,880

     1,174

     7,636

     1,847

     1,863

     5,014

     1,360

       681

       199

       100

       242

       379

     3,387

Other assets13

    22,288

       617

    11,954

       657

       578

     1,569

     1,493

     1,199

       391

       272

       443

       934

     2,182

Interdistrict settlement account

         0

-   25,644

+  287,643

-   30,464

-   18,593

-   17,440

-   49,977

-   59,363

-   16,725

-   14,949

-   25,013

-   35,295

+    5,821

Total assets

3,722,192

    72,426

2,341,175

    78,728

    78,161

   218,193

   198,203

   141,677

    43,292

    20,571

    45,681

   109,323

   374,763

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, September 18, 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

1,488,874

    46,990

   547,138

    45,078

    62,438

   112,699

   182,958

    96,352

    37,486

    23,527

    39,342

   121,927

   172,940

Less: Notes held by F.R. Banks

   327,028

    12,925

    88,373

     9,386

    10,355

    15,265

    34,973

    24,048

     5,032

    10,884

    13,498

    60,410

    41,880

Federal Reserve notes, net

1,161,845

    34,065

   458,765

    35,692

    52,083

    97,434

   147,985

    72,304

    32,453

    12,643

    25,844

    61,517

   131,060

Reverse repurchase agreements14

    93,020

     2,432

    51,583

     2,695

     2,376

     5,784

     6,179

     5,026

     1,497

       883

     1,760

     3,612

     9,192

Deposits

2,402,693

    33,075

1,808,531

    35,863

    19,053

   102,807

    39,596

    62,379

     8,684

     6,553

    17,333

    42,945

   225,872

Term deposits held by depository institutions

    11,662

         0

     8,130

       750

         0

        30

       710

     1,100

        10

        77

       150

       105

       600

Other deposits held by depository institutions

2,254,032

    33,055

1,663,796

    35,077

    19,050

   102,500

    38,874

    61,255

     8,674

     6,475

    17,181

    42,835

   225,260

U.S. Treasury, General Account

    60,914

         0

    60,914

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Foreign official

     8,874

         2

     8,847

         3

         3

         8

         2

         1

         0

         0

         0

         1

         6

Other

    67,211

        19

    66,845

        33

         0

       268

        10

        23

         0

         0

         1

         5

         7

Deferred availability cash items

       776

         0

         0

         0

         0

         0

       675

         0

         0

       100

         0

         0

         0

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

     1,757

        49

       939

        54

        51

       127

       121

        91

        27

        16

        32

        71

       178

Other liabilities and accrued
dividends16

     7,225

       206

     3,883

       246

       245

       608

       446

       364

       166

       143

       150

       265

       503

Total liabilities

3,667,315

    69,828

2,323,701

    74,550

    73,808

   206,761

   195,002

   140,164

    42,828

    20,338

    45,118

   108,411

   366,805

Capital

Capital paid in

    27,438

     1,299

     8,737

     2,089

     2,176

     5,716

     1,600

       757

       232

       116

       281

       456

     3,979

Surplus

    27,438

     1,299

     8,737

     2,089

     2,176

     5,716

     1,600

       757

       232

       116

       281

       456

     3,979

Other capital

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Total liabilities and capital

3,722,192

    72,426

2,341,175

    78,728

    78,161

   218,193

   198,203

   141,677

    43,292

    20,571

    45,681

   109,323

   374,763

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, September 18, 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. The current face value shown is the remaining principal balance of the securities.

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

Sep 18, 2013

Federal Reserve notes outstanding

1,488,874

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

   327,028

Federal Reserve notes to be collateralized

1,161,845

Collateral held against Federal Reserve notes

1,161,845

Gold certificate account

    11,037

Special drawing rights certificate account

     5,200

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

1,145,608

Other assets pledged

         0

Memo:

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

3,455,478

Less: Face value of securities under reverse repurchase agreements

    84,210

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

3,371,268

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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