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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

November 8, 2012

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
Nov 7, 2012

Week ended
Nov 7, 2012

Change from week ended

Oct 31, 2012

Nov 9, 2011

Reserve Bank credit

2,810,831

+      175

−      702

2,812,979

Securities held outright1

2,583,852

−      359

−   32,188

2,585,253

U.S. Treasury securities

1,649,895

−      402

−    9,216

1,651,289

Bills2

         0

         0

−   18,423

         0

Notes and bonds, nominal2

1,567,525

−      494

+    5,848

1,568,888

Notes and bonds, inflation-indexed2

    71,944

         0

+    2,891

    71,944

Inflation compensation3

    10,426

+       92

+      468

    10,457

Federal agency debt securities2

    81,902

         0

−   25,766

    81,902

Mortgage-backed securities4

   852,055

+       42

+    2,794

   852,063

Repurchase agreements5

         0

         0

         0

         0

Loans

     1,172

−      145

−    9,447

     1,166

Primary credit

         9

−       17

+        4

         6

Secondary credit

         0

         0

         0

         0

Seasonal credit

        48

         0

+       24

        48

Term Asset-Backed Securities Loan Facility6

     1,114

−      129

−    9,477

     1,113

Other credit extensions

         0

         0

         0

         0

Net portfolio holdings of Maiden Lane LLC7

     1,572

+       11

−   11,400

     1,572

Net portfolio holdings of Maiden Lane II LLC8

        61

         0

−    9,275

        61

Net portfolio holdings of Maiden Lane III LLC9

        23

         0

−   18,026

        23

Net portfolio holdings of TALF LLC10

       855

         0

+       61

       855

Float

      -787

−      194

+       21

      -911

Central bank liquidity swaps11

    12,465

−      438

+   10,520

    12,465

Other Federal Reserve assets12

   211,620

+    1,301

+   69,033

   212,495

Gold stock

    11,041

         0

         0

    11,041

Special drawing rights certificate account

     5,200

         0

         0

     5,200

Treasury currency outstanding13

    44,718

+       14

+      575

    44,718

Total factors supplying reserve funds

2,871,790

+      189

−      128

2,873,938

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
Nov 7, 2012

Week ended
Nov 7, 2012

Change from week ended

Oct 31, 2012

Nov 9, 2011

Currency in circulation13

1,144,474

+    7,687

+   92,333

1,147,184

Reverse repurchase agreements14

    96,087

−    2,888

+    3,005

    92,980

Foreign official and international accounts

    96,087

−    2,888

+    3,005

    92,980

Others

         0

         0

         0

         0

Treasury cash holdings

       147

+        4

+       36

       151

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

    54,092

−   20,168

−   35,307

    55,909

Term deposits held by depository institutions

         0

         0

         0

         0

U.S. Treasury, General Account

    28,002

−   25,903

−    9,027

    23,970

U.S. Treasury, Supplementary Financing Account

         0

         0

         0

         0

Foreign official

     5,901

+        3

+    5,776

     5,931

Service-related

         0

         0

−    2,504

         0

Required clearing balances

         0

         0

−    2,504

         0

Adjustments to compensate for float

         0

         0

         0

         0

Other

    20,190

+    5,733

−   29,551

    26,008

Other liabilities and capital15

    67,044

+       21

−    1,620

    66,418

Total factors, other than reserve balances,
absorbing reserve funds

1,361,845

−   15,343

+   58,449

1,362,642

Reserve balances with Federal Reserve Banks

1,509,945

+   15,531

−   58,576

1,511,296

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

1.

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

2.

Face value of the securities.

3.

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

4.

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

5.

Cash value of agreements.

6.

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

7.

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

8.

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

9.

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

10.

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

11.

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

12.

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

13.

Estimated.

14.

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

15.

Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to entities other than the Federal Reserve Bank of New York, including liabilities that have recourse only to the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note on consolidation accompanying table 9. Also includes the liability for interest on Federal Reserve notes due to U.S. Treasury. Refer to table 8 and table 9.

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



1A. Memorandum Items

Millions of dollars

Memorandum item

Averages of daily figures

Wednesday
Nov 7, 2012

Week ended
Nov 7, 2012

Change from week ended

Oct 31, 2012

Nov 9, 2011

Marketable securities held in custody for foreign
official and international accounts1

3,614,041

+    4,923

+  171,392

3,611,487

U.S. Treasury securities

2,918,293

+    6,039

+  198,063

2,915,446

Federal agency securities2

   695,749

−    1,115

−   26,670

   696,041

Securities lent to dealers

     7,734

−      318

−    3,238

     8,741

Overnight facility3

     7,734

−      318

−    3,238

     8,741

U.S. Treasury securities

     7,074

−      309

−    2,850

     8,088

Federal agency debt securities

       660

−        9

−      387

       653

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

1.

Face value of the securities. Includes U.S. Treasury STRIPS and other zero-coupon bonds at face value and mortgage-backed securities at original face value.

2.

Includes debt and mortgage-backed securities.

3.

Fully collateralized by U.S. Treasury securities.


2. Maturity Distribution of Securities, Loans, and Selected Other Assets and Liabilities, November 7, 2012

Millions of dollars

Remaining Maturity

Within 15

16 days to

91 days to

Over 1 year

Over 5 years

Over 10

All

days

90 days

1 year

to 5 years

to 10 years

years

Loans1

       107

       285

        47

       728

         0

...

     1,166

U.S. Treasury securities2

Holdings

         1

       484

        16

   416,524

   836,554

   397,710

1,651,289

Weekly changes

         0

+        2

−        3

−    7,660

+    9,856

+    3,760

+    5,955

Federal agency debt securities3

Holdings

     2,619

     4,172

    16,031

    52,323

     4,410

     2,347

    81,902

Weekly changes

+    1,769

−    1,769

         0

         0

         0

         0

         0

Mortgage-backed securities4

Holdings

         0

         0

         3

         1

     1,486

   850,572

   852,063

Weekly changes

         0

         0

         0

−        1

+       18

+        6

+       24

Asset-backed securities held by
TALF LLC5

         0

         0

         0

         0

         0

         0

         0

Repurchase agreements6

         0

         0

...

...

...

...

         0

Central bank liquidity swaps7

     7,639

     4,825

         0

         0

         0

         0

    12,465

Reverse repurchase agreements6

    92,980

         0

...

...

...

...

    92,980

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

Nov 7, 2012

Mortgage-backed securities held outright1

   852,063

Commitments to buy mortgage-backed securities2

   125,710

Commitments to sell mortgage-backed securities2

     1,200

Cash and cash equivalents3

        20

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

Nov 7, 2012

Net portfolio holdings of Maiden Lane LLC1

     1,572

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

       133

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 September 30, 2012. Any assets purchased after
this valuation date are initially recorded at cost until their estimated fair value as of the purchase date becomes available.

2.

Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9.

3.

Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 8 and table 9.

Note: On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended credit to Maiden Lane LLC under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to acquire certain assets of Bear Stearns and to manage those assets through time to maximize repayment of the credit extended and to minimize disruption to financial markets. Payments by Maiden Lane LLC from the proceeds of the net portfolio holdings will be made in the following order: operating expenses of the LLC, principal due to the FRBNY, interest due to the FRBNY, principal due to JPMorgan Chase & Co., and interest due to JPMorgan Chase & Co. Any remaining funds will be paid to the FRBNY.

5. Information on Principal Accounts of Maiden Lane II LLC

Millions of dollars

Account name

Wednesday

Nov 7, 2012

Net portfolio holdings of Maiden Lane II LLC1

        61

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 September 30, 2012. Any assets purchased after
this valuation date are initially recorded at cost until their estimated fair value as of the purchase date becomes available.

2.

Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9.

3.

Book value. The deferred payment represents the portion of the proceeds of the net portfolio holdings due to subsidiaries of American
International Group, Inc. in accordance with the asset purchase agreement. The fair value of this payment and accrued interest payable are
included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 8 and table 9.

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


6. Information on Principal Accounts of Maiden Lane III LLC

Millions of dollars

Account name

Wednesday

Nov 7, 2012

Net portfolio holdings of Maiden Lane III LLC1

        23

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 September 30, 2012. Any assets purchased after
this valuation date are initially recorded at cost until their estimated fair value as of the purchase date becomes available.

2.

Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9.

3.

Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 8 and table 9.

Note: On November 25, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden Lane III LLC under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to purchase multi-sector collateralized debt obligations (CDOs) on which the Financial Products group of American International Group, Inc. (AIG) has written credit default swap (CDS) contracts. In connection with the purchase of CDOs, the CDS counterparties will concurrently unwind the related CDS transactions. Payments by Maiden Lane III LLC from the proceeds of the net portfolio holdings will be made in the following order: operating expenses of Maiden Lane III LLC, principal due to the FRBNY, interest due to the FRBNY, principal due to AIG, and interest due to AIG. Any remaining funds will be shared by the FRBNY and AIG.

7. Information on Principal Accounts of TALF LLC

Millions of dollars

Account name

Wednesday

Nov 7, 2012

Asset-backed securities holdings1

         0

Other investments, net

       855

Net portfolio holdings of TALF LLC

       855

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

       113

1.

Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an orderly market on the measurement date.

2.

Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9.

3.

Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 8 and table 9.

Note: On November 25, 2008, the Federal Reserve announced the creation of the Term Asset-Backed Securities Loan Facility (TALF) under the authority of section 13(3) of the Federal Reserve Act. The TALF is a facility under which the Federal Reserve Bank of New York (FRBNY) extends loans with a term of up to five years to holders of eligible asset-backed securities. The TALF is intended to assist financial markets in accommodating the credit needs of consumers and businesses by facilitating the issuance of asset-backed securities collateralized by a variety of consumer and business loans. The loans provided through the TALF to eligible borrowers are non-recourse, meaning that the obligation of the borrower can be discharged by surrendering the collateral to the FRBNY. The loans are extended for the market value of the security less an amount known as a haircut. As a result, the borrower bears the initial risk of a decline in the value of the security.

TALF LLC is a limited liability company formed to purchase and manage any asset-backed securities received by the FRBNY in connection with the decision of a borrower not to repay a TALF loan. TALF LLC has committed, for a fee, to purchase all asset-backed securities received by the FRBNY in conjunction with a TALF loan at a price equal to the TALF loan plus accrued but unpaid interest. Losses on asset-backed securities held by TALF LLC will be offset in the following order: by the commitment fees collected by TALF LLC, by the interest received on investments of TALF LLC, by up to $1.4 billion in subordinated debt funding provided by the U.S. Treasury, and finally, by senior debt funding provided by the FRBNY. Payments by TALF LLC from the proceeds of its net portfolio holdings will be made in the following order: operating expenses of TALF LLC, principal due to the FRBNY, principal due to the U.S. Treasury, interest due to the FRBNY, and interest due to the U.S. Treasury. Any remaining funds will be shared by the FRBNY and the U.S. Treasury.


8. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Assets, liabilities, and capital

Eliminations from consolidation

Wednesday
Nov 7, 2012

Change since

Wednesday

Wednesday

Oct 31, 2012

Nov 9, 2011

Assets

Gold certificate account

    11,037

         0

         0

Special drawing rights certificate account

     5,200

         0

         0

Coin

     2,153

−        1

−      143

Securities, repurchase agreements, and loans

2,586,419

+    5,883

−   49,226

Securities held outright1

2,585,253

+    5,979

−   39,787

U.S. Treasury securities

1,651,289

+    5,955

−   16,822

Bills2

         0

         0

−   18,423

Notes and bonds, nominal2

1,568,888

+    5,869

−    1,557

Notes and bonds, inflation-indexed2

    71,944

         0

+    2,692

Inflation compensation3

    10,457

+       86

+      465

Federal agency debt securities2

    81,902

         0

−   25,766

Mortgage-backed securities4

   852,063

+       24

+    2,802

Repurchase agreements5

         0

         0

         0

Loans

     1,166

−       96

−    9,439

Net portfolio holdings of Maiden Lane LLC6

     1,572

         0

−   11,407

Net portfolio holdings of Maiden Lane II LLC7

        61

         0

−    9,276

Net portfolio holdings of Maiden Lane III LLC8

        23

         0

−   18,131

Net portfolio holdings of TALF LLC9

       855

         0

+       61

Items in process of collection

(0)

       129

+        1

−      178

Bank premises

     2,343

−       10

+      164

Central bank liquidity swaps10

    12,465

−      438

+   10,505

Other assets11

   210,153

+    2,222

+   67,624

Total assets

(0)

2,832,408

+    7,658

−   10,009

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
Nov 7, 2012

Change since

Wednesday

Wednesday

Oct 31, 2012

Nov 9, 2011

Liabilities

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

1,104,765

+    5,190

+   89,573

Reverse repurchase agreements12

    92,980

−    6,768

+    5,332

Deposits

(0)

1,567,205

+    9,188

−  102,175

Term deposits held by depository institutions

         0

         0

         0

Other deposits held by depository institutions

1,511,296

+   76,896

−   82,341

U.S. Treasury, General Account

    23,970

−   75,996

−      223

U.S. Treasury, Supplementary Financing Account

         0

         0

         0

Foreign official

     5,931

−       60

+    5,806

Other

(0)

    26,008

+    8,348

−   25,417

Deferred availability cash items

(0)

     1,040

−       18

−      441

Other liabilities and accrued dividends13

    11,611

+       18

−    4,998

Total liabilities

(0)

2,777,602

+    7,611

−   12,708

Capital accounts

Capital paid in

    27,403

+       23

+    1,350

Surplus

    27,403

+       23

+    1,350

Other capital accounts

         0

         0

         0

Total capital

    54,806

+       46

+    2,699

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

1.

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

2.

Face value of the securities.

3.

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

4.

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

5.

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

6.

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

7.

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

8.

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

9.

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

10.

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

11.

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

12.

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

13.

Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to entities other than the Federal
Reserve Bank of New York, including liabilities that have recourse only to the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note on consolidation accompanying table 9. Also includes the liability for interest on Federal Reserve notes due to U.S. Treasury.


9. Statement of Condition of Each Federal Reserve Bank, November 7, 2012

Millions of dollars

Assets, liabilities, and capital

Total

Boston

New York

Philadelphia

Cleveland

Richmond

Atlanta

Chicago

St. Louis

Minneapolis

Kansas

Dallas

San

City

Francisco

Assets

Gold certificate account

    11,037

       408

     3,824

       437

       515

       890

     1,337

       839

       313

       192

       315

       725

     1,242

Special drawing rights certificate acct.

     5,200

       196

     1,818

       210

       237

       412

       654

       424

       150

        90

       153

       282

       574

Coin

     2,153

        50

       103

       147

       145

       384

       203

       315

        36

        51

       162

       200

       358

Securities, repurchase agreements,
and loans

2,586,419

    62,791

1,450,547

    85,463

    65,728

   183,996

   155,882

   143,422

    40,418

    23,527

    51,949

   100,456

   222,240

Securities held outright1

2,585,253

    62,791

1,449,434

    85,463

    65,728

   183,996

   155,873

   143,419

    40,418

    23,502

    51,939

   100,451

   222,240

U.S. Treasury securities

1,651,289

    40,107

   925,802

    54,588

    41,983

   117,525

    99,561

    91,606

    25,816

    15,012

    33,175

    64,161

   141,952

Bills2

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Notes and bonds3

1,651,289

    40,107

   925,802

    54,588

    41,983

   117,525

    99,561

    91,606

    25,816

    15,012

    33,175

    64,161

   141,952

Federal agency debt securities2

    81,902

     1,989

    45,919

     2,708

     2,082

     5,829

     4,938

     4,544

     1,280

       745

     1,645

     3,182

     7,041

Mortgage-backed securities4

   852,063

    20,695

   477,713

    28,167

    21,663

    60,643

    51,373

    47,269

    13,321

     7,746

    17,118

    33,107

    73,247

Repurchase agreements5

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Loans

     1,166

         0

     1,114

         0

         0

         0

         9

         4

         0

        25

        10

         6

         0

Net portfolio holdings of Maiden

Lane LLC6

     1,572

         0

     1,572

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Net portfolio holdings of Maiden

Lane II LLC7

        61

         0

        61

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Net portfolio holdings of Maiden

Lane III LLC8

        23

         0

        23

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Net portfolio holdings of TALF LLC9

       855

         0

       855

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Items in process of collection

       129

         0

         0

         0

        23

         0

       104

         1

         0

         0

         0

         0

         0

Bank premises

     2,343

       120

       453

        69

       121

       229

       213

       203

       130

       103

       253

       239

       209

Central bank liquidity swaps10

    12,465

       437

     4,021

     1,081

       922

     2,578

       713

       333

       102

        51

       124

       200

     1,904

Other assets11

   210,153

     5,403

   111,341

     8,436

     6,578

    18,536

    12,633

    10,922

     3,115

     1,836

     3,982

     7,621

    19,748

Interdistrict settlement account

         0

+    1,203

−   49,035

−   15,351

−      570

−   22,566

+   37,175

−    4,736

+    2,198

+    3,845

−    3,319

+    2,998

+   48,158

Total assets

2,832,409

    70,609

1,525,583

    80,492

    73,699

   184,459

   208,913

   151,722

    46,462

    29,696

    53,620

   112,721

   294,433

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, November 7, 2012 (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

1,324,076

    47,017

   463,338

    47,640

    60,866

   102,612

   177,293

    94,604

    37,488

    22,510

    36,260

    90,646

   143,802

Less: Notes held by F.R. Banks

   219,311

     5,309

    84,389

     5,056

     8,154

    11,857

    27,093

    13,050

     4,399

     3,225

     5,092

    25,855

    25,833

Federal Reserve notes, net

1,104,765

    41,708

   378,949

    42,584

    52,712

    90,755

   150,200

    81,554

    33,089

    19,285

    31,168

    64,791

   117,969

Reverse repurchase agreements12

    92,980

     2,258

    52,130

     3,074

     2,364

     6,618

     5,606

     5,158

     1,454

       845

     1,868

     3,613

     7,993

Deposits

1,567,205

    23,689

1,069,992

    30,281

    14,007

    75,095

    48,557

    62,917

    11,262

     9,033

    19,813

    43,060

   159,500

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

1,511,296

    23,687

1,014,303

    30,269

    14,004

    74,935

    48,547

    62,894

    11,262

     9,033

    19,811

    43,057

   159,493

U.S. Treasury, General Account

    23,970

         0

    23,970

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

U.S. Treasury, Supplementary
Financing Account

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Foreign official

     5,931

         1

     5,904

         3

         3

         8

         2

         1

         0

         0

         0

         1

         6

Other

    26,008

         0

    25,815

         8

         0

       151

         7

        21

         0

         0

         1

         2

         1

Deferred availability cash items

     1,041

         0

         0

         0

        41

         0

       860

         0

         0

       139

         0

         0

         0

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

     1,380

        29

       880

        32

        12

        62

        71

        83

        19

        12

        32

        55

        94

Other liabilities and accrued
dividends14

    10,231

       246

     6,169

       316

       294

       765

       507

       451

       186

       152

       183

       325

       637

Total liabilities

2,777,602

    67,930

1,508,119

    76,287

    69,430

   173,294

   205,802

   150,162

    46,010

    29,467

    53,064

   111,844

   286,193

Capital

Capital paid in

    27,403

     1,339

     8,732

     2,103

     2,134

     5,583

     1,556

       780

       226

       115

       278

       438

     4,120

Surplus

    27,403

     1,339

     8,732

     2,103

     2,134

     5,583

     1,556

       780

       226

       115

       278

       438

     4,120

Other capital

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Total liabilities and capital

2,832,409

    70,609

1,525,583

    80,492

    73,699

   184,459

   208,913

   151,722

    46,462

    29,696

    53,620

   112,721

   294,433

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, November 7, 2012 (continued)

1.

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

2.

Face value of the securities.

3.

Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face value of such securities.

4.

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

5.

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

6.

Refer to table 4 and the note on consolidation below.

7.

Refer to table 5 and the note on consolidation below.

8.

Refer to table 6 and the note on consolidation below.

9.

Refer to table 7 and the note on consolidation below.

10.

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

11.

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

12.

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

13.

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

14.

Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to entities other than the Federal Reserve Bank of New York, including liabilities that have recourse only to the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note on consolidation below.

Note on consolidation:

The Federal Reserve Bank of New York (FRBNY) has extended loans to several limited liability companies under the authority of section 13(3) of the Federal Reserve Act. On June 26, 2008, a loan was extended to Maiden Lane LLC, which was formed to acquire certain assets of Bear Stearns. On November 25, 2008, a loan was extended to Maiden Lane III LLC, which was formed to purchase multi-sector collateralized debt obligations on which the Financial Products group of the American International Group, Inc. has written credit default swap contracts. On December 12, 2008, a loan was extended to Maiden Lane II LLC, which was formed to purchase residential mortgage-backed securities from the U.S. securities lending reinvestment portfolio of subsidiaries of American International Group, Inc. On November 25, 2008, the Federal Reserve Board authorized the FRBNY to extend credit to TALF LLC, which was formed to purchase and manage any asset-backed securities received by the FRBNY in connection with the decision of a borrower not to repay a loan extended under the Term Asset-Backed Securities Loan Facility.

The FRBNY is the primary beneficiary of TALF LLC, because of the two beneficiaries of the LLC, the FRBNY and the U.S. Treasury, the FRBNY is primarily responsible for directing the financial activities of TALF LLC. The FRBNY is the primary beneficiary of the other LLCs cited above because it will receive a majority of any residual returns of the LLCs and absorb a majority of any residual losses of the LLCs. Consistent with generally accepted accounting principles, the assets and liabilities of these LLCs have been consolidated with the assets and liabilities of the FRBNY in the preparation of the statements of condition shown on this release. As a consequence of the consolidation, the extensions of credit from the FRBNY to the LLCs are eliminated, the net assets of the LLCs appear as assets on the previous page (and in table 1 and table 8), and the liabilities of the LLCs to entities other than the FRBNY, including those with recourse only to the portfolio holdings of the LLCs, are included in other liabilities in this table (and table 1 and table 8).

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

Millions of dollars

Federal Reserve notes and collateral

Wednesday

Nov 7, 2012

Federal Reserve notes outstanding

1,324,076

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

   219,311

Federal Reserve notes to be collateralized

1,104,765

Collateral held against Federal Reserve notes

1,104,765

Gold certificate account

    11,037

Special drawing rights certificate account

     5,200

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

1,088,529

Other assets pledged

         0

Memo:

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

2,585,253

Less: Face value of securities under reverse repurchase agreements

    78,929

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

2,506,324

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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