Annual Report 2012

Statistical Table 9A

Table 9A. Statement of Condition of the Federal Reserve Banks, by Bank, December 31, 2012 and 2011
Millions of dollars
Item Total Boston New York Philadelphia Cleveland Richmond
2012 2011 2012 2011 2012 2011 2012 2011 2012 2011 2012 2011
Assets
Gold certificate account 11,037 11,037 408 390 3,824 3,866 437 432 515 450 890 872
Special drawing rights certificate account 5,200 5,200 196 196 1,818 1,818 210 210 237 237 412 412
Coin 2,108 2,306 38 53 90 80 141 160 145 174 373 409
Loans and securities
Primary, secondary, and seasonal loans 70 196 2 2 18 9 2 0 0 0 0 5
Term Asset-Backed Securities Loan Facility 1 560 9,059r ... ... 560 9,059r ... ... ... ... ... ...
Treasury securities, bought outright 2 1,666,145 1,663,446 40,467 40,898 934,131 773,574 55,079 56,983 42,361 44,933 118,582 192,111
Government-sponsored enterprise debt securities, bought outright2 76,783 103,994 1,865 2,557 43,048 48,362 2,538 3,562 1,952 2,809 5,465 12,010
Federal agency and government-sponsored enterprise mortgage-backed securities, bought outright 3 926,662 837,683 22,507 20,596 519,536 389,559 30,633 28,696 23,560 22,628 65,952 96,744
Total loans and securities 2,670,220 2,614,378r 64,842 64,053 1,497,295 1,220,562r 88,252 89,241 67,873 70,370 189,999 300,870
Net portfolio holdings of consolidated variable interest entities 4 2,750 35,693 ... ... 2,750 35,693 ... ... ... ... ... ...
Foreign currency denominated assets 5 24,972 25,950 875 897 8,056 7,516 2,166 2,514 1,846 1,925 5,166 5,321
Central bank liquidity swaps 6 8,889 99,823 312 3,450 2,867 28,912 771 9,669 657 7,405 1,839 20,469
Other assets
Items in process of collection 216 363 0 11 0 0 0 53 8 59 0 4
Bank premises 2,318 2,185 119 122 431 261 71 67 115 125 230 233
All other assets 7 190,990 124,403r 4,669 3,085 106,715 57,644r 6,322 4,276 4,875 3,372 13,742 14,437
Interdistrict settlement account 0 0 31,984 35,147 -110,116 274,474 -16,451 -28,084 3,671 -4,966 -28,388 -123,650
Total assets 2,918,700 2,921,337 103,443 107,403 1,513,730 1,630,826 81,919 78,539 79,942 79,150 184,263 219,377
Liabilities
Federal Reserve notes outstanding 1,354,878 1,205,888 47,464 44,207 478,110 427,406 47,566 45,940 60,564 54,131 103,121 94,381
Less: Notes held by Federal Reserve Bank 228,217 171,836 6,244 4,275 93,101 50,541 4,304 6,177 8,060 9,085 11,462 10,670
Federal Reserve notes outstanding, net 1,126,661 1,034,052 41,220 39,932 385,008 376,865 43,262 39,763 52,504 45,046 91,659 83,711
Securities sold under agreements to repurchase 8 107,188 99,900 2,603 2,456 60,096 46,458 3,543 3,422 2,725 2,699 7,629 11,537
Deposits
Depository institutions 1,491,045 1,562,253 56,666 62,799 917,383 1,024,868 30,547 30,250 20,154 26,962 72,657 111,913
Treasury, general account 92,720 85,737 ... ... 92,720 85,737 ... ... ... ... ... ...
Foreign, official accounts 6,427 125 1 1 6,399 97 3 4 3 3 8 8
Other 9 27,476 64,909 8 27 27,345 64,754 14 4 0 0 68 81
Total deposits 1,617,668 1,713,023 56,675 62,827 1,043,847 1,175,456 30,564 30,257 20,157 26,965 72,733 112,002
Other liabilities
Interest on Federal Reserve notes due to U.S. Treasury 10 1,407 900 31 51 831 -378 29 78 17 81 51 240
Deferred credit items 702 994 0 58 0 3 0 109 3 142 0 19
Consolidated variable interest entities 11 1,218 10,535 ... ... 1,218 10,535 ... ... ... ... ... ...
All other liabilities 12 9,134 8,134 224 193 5,239 4,533 289 243 268 240 699 739
Total liabilities 2,863,980 2,867,539 100,752 105,517 1,496,240 1,613,472 77,686 73,872 75,674 75,173 172,771 208,249
Capital accounts
Capital paid in 27,360 26,899 1,345 943 8,745 8,677 2,116 2,333 2,134 1,989 5,746 5,564
Surplus (including accumulated other comprehensive loss) 27,360 26,899 1,345 943 8,745 8,677 2,116 2,333 2,134 1,989 5,746 5,564
Total liabilities and capital accounts 2,918,700 2,921,337 103,443 107,403 1,513,730 1,630,826 81,919 78,539 79,942 79,150 184,263 219,377

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

1. Measured at fair value. Amounts include $4 million and $37 million in unrealized gains as of December 31, 2012 and 2011, respectively.   Return to table

2. Par value. Includes securities loaned--fully collateralized by U.S. Treasury securities, other investment-grade securities, and collateral eligible for tri-party repurchase agreements pledged with Federal Reserve Banks.   Return to table

3. The par amount shown is the remaining principal balance of the securities.   Return to table

4. The FRBNY is the primary beneficiary of TALF LLC, Maiden Lane LLC, Maiden Lane II LLC, and Maiden Lane III LLC and, as a result, the accounts and results of operations of these entities are included in the combined financial statements of the Federal Reserve Banks. For additional details, see "Table 6. Key financial data for consolidated variable interest entities".   Return to table

5. Valued daily at market exchange rates.   Return to table

6. 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.   Return to table

7. Includes premiums on securities, accrued interest, and depository institution overdrafts.   Return to table

8. Contract amount of agreements.   Return to table

9. Includes deposits of government-sponsored enterprises, the Consumer Financial Protection Bureau, and international organizations. These deposits are primarily held by the FRBNY.   Return to table

10.  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 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.   Return to table

11. The other beneficial interest holder related to the TALF LLC is the U.S. Treasury; to Maiden Lane LLC, it is JPMorgan Chase; and to Maiden Lane II and Maiden Lane III LLCs, it is AIG.   Return to table

12.  Includes discounts on securities, accrued benefit costs, and cash collateral posted by counterparties under commitments to purchase and sell federal agency and GSE MBS.   Return to table

r Revised.

... Not applicable.



Table 9A. Statement of Condition of the Federal Reserve Banks, by Bank, December 31, 2012 and 2011 --continued
Millions of dollars
Item Atlanta Chicago St. Louis Minneapolis Kansas City Dallas San Francisco
2012 2011 2012 2011 2012 2011 2012 2011 2012 2011 2012 2011 2012 2011
Assets
Gold certificate account 1,337 1,394 839 854 313 319 192 197 315 318 725 728 1,242 1,217
Special drawing rights certificate account 654 654 424 424 150 150 90 90 153 153 282 282 574 574
Coin 209 205 311 332 35 35 51 60 165 176 196 241 354 381
Loans and securities
Primary, secondary, and seasonal loans 4 0 9 17 0 0 32 5 3 11 0 132 0 15
Term Asset-Backed Securities Loan Facility 1 ... ... ... ... ... ... ... ... ... ... ... ... ... ...
Treasury securities, bought outright 2 100,457 123,665 92,430 98,785 26,048 31,484 15,147 25,565 33,473 44,249 64,738 65,789 143,229 165,411
Government-sponsored enterprise debt securities, bought outright2 4,629 7,731 4,260 6,176 1,201 1,968 698 1,598 1,543 2,766 2,983 4,113 6,601 10,341
Federal agency and government-sponsored enterprise mortgage-backed securities, bought outright 3 55,871 62,276 51,407 49,746 14,487 15,855 8,424 12,874 18,617 22,283 36,006 33,130 79,660 83,298
Total loans and securities 160,961 193,672 148,106 154,723 41,736 49,307 24,301 40,041 53,637 69,309 103,727 103,165 229,490 259,065
Net portfolio holdings of consolidated variable interest entities 4 ... ... ... ... ... ... ... ... ... ... ... ... ... ...
Foreign currency denominated assets 5 1,428 1,487 666 657 204 211 102 802 248 234 400 393 3,815 3,993
Central bank liquidity swaps 6 508 5,720 237 2,529 73 814 36 3,083 89 899 142 1,512 1,358 15,361
Other assets
Items in process of collection 208 31 0 19 1 5 0 15 0 6 0 17 0 143
Bank premises 215 214 203 206 131 134 103 105 252 259 239 245 209 213
All other assets 7 11,557 9,275 10,593 7,376 3,025 2,385 1,786 1,945 3,852 3,318 7,441 4,939 16,414 12,350
Interdistrict settlement account 36,287 -44,538 -856 -5,416 958 -8,856 2,869 -19,268 -4,827 -17,589 5,662 1,679 79,207 -58,932
Total assets 213,364 168,114 160,523 161,706 46,625 44,504 29,530 27,070 53,883 57,081 118,814 113,201 332,663 234,366
Liabilities
Federal Reserve notes outstanding 175,865 145,803 95,089 88,894 37,318 33,916 22,352 20,976 36,361 34,479 95,624 80,188 155,444 135,566
Less: Notes held by Federal Reserve Bank 26,016 29,109 12,410 11,962 3,780 4,018 3,123 5,087 6,603 3,418 28,068 11,931 25,047 25,563
Federal Reserve notes outstanding, net 149,849 116,694 82,679 76,932 33,538 29,899 19,229 15,889 29,758 31,061 67,556 68,258 130,397 110,003
Securities sold under agreements to repurchase 8 6,463 7,427 5,946 5,933 1,676 1,891 974 1,535 2,153 2,657 4,165 3,951 9,214 9,934
Deposits
Depository institutions 52,776 40,223 69,746 76,732 10,739 12,012 8,790 9,046 21,194 22,542 45,805 39,705 184,588 105,201
Treasury, general account ... ... ... ... ... ... ... ... ... ... ... ... ... ...
Foreign, official accounts 2 2 1 1 0 0 0 1 0 0 1 1 6 6
Other 9 8 2 26 35 0 0 0 0 2 4 6 1 1 1
Total deposits 52,786 40,227 69,773 76,767 10,739 12,013 8,790 9,048 21,196 22,546 45,812 39,707 184,595 105,208
Other liabilities
Interest on Federal Reserve notes due to U.S. Treasury 10 90 171 89 170 27 53 11 34 39 63 75 88 118 248
Deferred credit items 553 57 0 56 0 36 147 194 0 38 0 45 0 237
Consolidated variable interest entities 11 ... ... ... ... ... ... ... ... ... ... ... ... ... ...
All other liabilities 12 505 462 477 413 189 173 149 149 183 182 337 290 576 516
Total liabilities 210,246 165,037 158,963 160,271 46,169 44,064 29,300 26,851 53,329 56,546 117,946 112,339 324,901 226,147
Capital accounts
Capital paid in 1,559 1,538 780 718 228 220 115 110 277 268 434 431 3,881 4,109
Surplus (including accumulated other comprehensive loss) 1,559 1,538 780 718 228 220 115 110 277 268 434 431 3,881 4,109
Total liabilities and capital accounts 213,364 168,114 160,523 161,706 46,625 44,504 29,530 27,070 53,883 57,081 118,814 113,201 332,663 234,366

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

1. Measured at fair value. Amounts include $4 million and $37 million in unrealized gains as of December 31, 2012 and 2011, respectively. Return to table

2. Par value. Includes securities loaned--fully collateralized by U.S. Treasury securities, other investment-grade securities, and collateral eligible for tri-party repurchase agreements pledged with Federal Reserve Banks. Return to table

3. The par amount shown is the remaining principal balance of the securities. Return to table

4. The FRBNY is the primary beneficiary of TALF LLC, Maiden Lane LLC, Maiden Lane II LLC, and Maiden Lane III LLC and, as a result, the accounts and results of operations of these entities are included in the combined financial statements of the Federal Reserve Banks. For additional details, see "Table 6. Key financial data for consolidated variable interest entities". Return to table

5. Valued daily at market exchange rates. Return to table

6. 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. Return to table

7. Includes premiums on securities, accrued interest, and depository institution overdrafts. Return to table

8. Contract amount of agreements. Return to table

9. Includes deposits of government-sponsored enterprises, the Consumer Financial Protection Bureau, and international organizations. These deposits are primarily held by the FRBNY. Return to table

10.  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 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. Return to table

11. The other beneficial interest holder related to the TALF LLC is the U.S. Treasury; to Maiden Lane LLC, it is JPMorgan Chase; and to Maiden Lane II and Maiden Lane III LLCs, it is AIG. Return to table

12.  Includes discounts on securities, accrued benefit costs, and cash collateral posted by counterparties under commitments to purchase and sell federal agency and GSE MBS. Return to table

r Revised.

... Not applicable.

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Last update: June 25, 2013