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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

January 3, 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
Jan 2, 2013

Week ended
Jan 2, 2013

Change from week ended

Dec 26, 2012

Jan 4, 2012

Reserve Bank credit

2,896,291

−    8,914

−    4,355

2,899,219

Securities held outright1

2,666,291

−    8,569

+   61,152

2,669,592

U.S. Treasury securities

1,662,851

+    6,185

−      595

1,666,118

Bills2

         0

         0

−   18,423

         0

Notes and bonds, nominal2

1,577,181

+    6,195

+   10,227

1,580,472

Notes and bonds, inflation-indexed2

    74,740

         0

+    6,272

    74,740

Inflation compensation3

    10,930

−       11

+    1,329

    10,906

Federal agency debt securities2

    76,783

−      357

−   27,211

    76,783

Mortgage-backed securities4

   926,658

−   14,396

+   88,959

   926,691

Repurchase agreements5

         0

         0

         0

         0

Loans

       614

−       26

−    8,518

       587

Primary credit

        28

+       11

−       78

        29

Secondary credit

         0

         0

         0

         0

Seasonal credit

        31

+        1

+       11

         3

Term Asset-Backed Securities Loan Facility6

       556

−       37

−    8,451

       556

Other credit extensions

         0

         0

         0

         0

Net portfolio holdings of Maiden Lane LLC7

     1,413

−       15

−    5,819

     1,413

Net portfolio holdings of Maiden Lane II LLC8

        61

         0

−    9,200

        61

Net portfolio holdings of Maiden Lane III LLC9

        22

         0

−   17,727

        22

Net portfolio holdings of TALF LLC10

       856

         0

+       45

       856

Float

      -696

−       52

+      164

    -1,007

Central bank liquidity swaps11

     8,889

         0

−   90,934

     8,889

Other Federal Reserve assets12

   218,840

−      252

+   66,481

   218,805

Gold stock

    11,041

         0

         0

    11,041

Special drawing rights certificate account

     5,200

         0

         0

     5,200

Treasury currency outstanding13

    44,817

+       14

+      619

    44,817

Total factors supplying reserve funds

2,957,349

−    8,900

−    3,735

2,960,278

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
Jan 2, 2013

Week ended
Jan 2, 2013

Change from week ended

Dec 26, 2012

Jan 4, 2012

Currency in circulation13

1,168,963

+    5,365

+   93,486

1,169,424

Reverse repurchase agreements14

   113,122

+   11,762

+   16,825

   103,271

Foreign official and international accounts

   113,122

+   11,762

+   16,825

   103,271

Others

         0

         0

         0

         0

Treasury cash holdings

       150

+        2

+       21

       155

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

   104,858

−   24,074

−   47,202

   114,126

Term deposits held by depository institutions

         0

         0

         0

         0

U.S. Treasury, General Account

    71,564

+   16,001

−   15,494

    84,458

Foreign official

     6,344

+      181

+    6,219

     6,310

Service-related

         0

         0

−    2,480

         0

Required clearing balances

         0

         0

−    2,480

         0

Adjustments to compensate for float

         0

         0

         0

         0

Other

    26,951

−   40,255

−   35,446

    23,359

Other liabilities and capital15

    66,390

−    2,340

−    5,890

    64,630

Total factors, other than reserve balances,
absorbing reserve funds

1,453,483

−    9,284

+   57,239

1,451,605

Reserve balances with Federal Reserve Banks

1,503,866

+      384

−   60,975

1,508,672

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
Jan 2, 2013

Week ended
Jan 2, 2013

Change from week ended

Dec 26, 2012

Jan 4, 2012

Securities held in custody for foreign official and international accounts

3,232,657

−    3,704

+  205,201

3,240,612

Marketable U.S. Treasury securities1

2,885,241

−    2,350

+  296,637

2,893,418

Federal agency debt and mortgage-backed securities2

   311,452

−    1,306

−   92,598

   311,240

Other securities3

    35,963

−       48

+    1,161

    35,954

Securities lent to dealers

     7,919

−      752

−    6,145

     7,508

Overnight facility4

     7,919

−      752

−    6,145

     7,508

U.S. Treasury securities

     7,253

−      704

−    5,630

     6,794

Federal agency debt securities

       666

−       48

−      514

       714

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

1.

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

2.

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

3.

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

4.

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


2. Maturity Distribution of Securities, Loans, and Selected Other Assets and Liabilities, January 2, 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

        29

        52

         0

       506

         0

...

       587

U.S. Treasury securities2

Holdings

         0

         5

        16

   378,474

   862,403

   425,221

1,666,118

Weekly changes

−      382

+        1

         0

+   13,204

−    3,613

−       20

+    9,188

Federal agency debt securities3

Holdings

     1,672

     2,688

    15,202

    52,830

     2,044

     2,347

    76,783

Weekly changes

+    1,250

−    1,250

         0

         0

         0

         0

         0

Mortgage-backed securities4

Holdings

         0

         0

         2

         1

     2,365

   924,323

   926,691

Weekly changes

         0

         0

         0

         0

+        7

+      126

+      133

Asset-backed securities held by
TALF LLC5

         0

         0

         0

         0

         0

         0

         0

Repurchase agreements6

         0

         0

...

...

...

...

         0

Central bank liquidity swaps7

     1,742

     7,147

         0

         0

         0

         0

     8,889

Reverse repurchase agreements6

   103,271

         0

...

...

...

...

   103,271

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

Jan 2, 2013

Mortgage-backed securities held outright1

   926,691

Commitments to buy mortgage-backed securities2

   116,902

Commitments to sell mortgage-backed securities2

     1,600

Cash and cash equivalents3

        55

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

Jan 2, 2013

Net portfolio holdings of Maiden Lane LLC1

     1,413

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 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

Jan 2, 2013

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

Jan 2, 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 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

Jan 2, 2013

Asset-backed securities holdings1

         0

Other investments, net

       856

Net portfolio holdings of TALF LLC

       856

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
Jan 2, 2013

Change since

Wednesday

Wednesday

Dec 26, 2012

Jan 4, 2012

Assets

Gold certificate account

    11,037

         0

         0

Special drawing rights certificate account

     5,200

         0

         0

Coin

     2,103

−       11

−      213

Securities, repurchase agreements, and loans

2,670,180

+    9,296

+   56,029

Securities held outright1

2,669,592

+    9,321

+   64,421

U.S. Treasury securities

1,666,118

+    9,188

+    2,680

Bills2

         0

         0

−   18,423

Notes and bonds, nominal2

1,580,472

+    9,220

+   13,518

Notes and bonds, inflation-indexed2

    74,740

         0

+    6,272

Inflation compensation3

    10,906

−       32

+    1,313

Federal agency debt securities2

    76,783

         0

−   27,211

Mortgage-backed securities4

   926,691

+      133

+   88,952

Repurchase agreements5

         0

         0

         0

Loans

       587

−       26

−    8,393

Net portfolio holdings of Maiden Lane LLC6

     1,413

+        1

−    5,826

Net portfolio holdings of Maiden Lane II LLC7

        61

         0

−    9,082

Net portfolio holdings of Maiden Lane III LLC8

        22

         0

−   17,766

Net portfolio holdings of TALF LLC9

       856

         0

+       45

Items in process of collection

(0)

       187

+       41

−      327

Bank premises

     2,331

−        8

+      149

Central bank liquidity swaps10

     8,889

         0

−   90,934

Other assets11

   216,474

+      576

+   66,608

Total assets

(0)

2,918,753

+    9,894

−    1,316

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
Jan 2, 2013

Change since

Wednesday

Wednesday

Dec 26, 2012

Jan 4, 2012

Liabilities

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

1,126,861

+    2,283

+   94,327

Reverse repurchase agreements12

   103,271

+    3,418

+   15,160

Deposits

(0)

1,622,799

+    5,542

−  104,185

Term deposits held by depository institutions

         0

         0

         0

Other deposits held by depository institutions

1,508,672

−   24,015

−   72,877

U.S. Treasury, General Account

    84,458

+   28,779

−    2,573

Foreign official

     6,310

+      147

+    6,185

Other

(0)

    23,359

+      630

−   34,920

Deferred availability cash items

(0)

     1,193

+      364

−    1,218

Other liabilities and accrued dividends13

     9,909

−    1,706

−    6,321

Total liabilities

(0)

2,864,033

+    9,902

−    2,236

Capital accounts

Capital paid in

    27,360

−        4

+      460

Surplus

    27,360

−        4

+      460

Other capital accounts

         0

         0

         0

Total capital

    54,720

−        8

+      920

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, January 2, 2013

Millions of dollars

Assets, liabilities, and capital

Total

Boston

New York

Philadelphia

Cleveland

Richmond

Atlanta

Chicago

St. Louis

Minneapolis

Kansas

Dallas

San

City

Francisco

Assets

Gold certificate account

    11,037

       408

     3,824

       437

       515

       890

     1,337

       839

       313

       192

       315

       725

     1,242

Special drawing rights certificate acct.

     5,200

       196

     1,818

       210

       237

       412

       654

       424

       150

        90

       153

       282

       574

Coin

     2,103

        39

        89

       141

       145

       372

       208

       311

        35

        51

       165

       196

       353

Securities, repurchase agreements,
and loans

2,670,180

    64,839

1,497,274

    88,251

    67,873

   189,999

   160,958

   148,099

    41,737

    24,271

    53,636

   103,728

   229,515

Securities held outright1

2,669,592

    64,839

1,496,719

    88,251

    67,873

   189,999

   160,958

   148,097

    41,737

    24,269

    53,633

   103,728

   229,490

U.S. Treasury securities

1,666,118

    40,467

   934,117

    55,078

    42,360

   118,580

   100,455

    92,429

    26,048

    15,147

    33,473

    64,737

   143,227

Bills2

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Notes and bonds3

1,666,118

    40,467

   934,117

    55,078

    42,360

   118,580

   100,455

    92,429

    26,048

    15,147

    33,473

    64,737

   143,227

Federal agency debt securities2

    76,783

     1,865

    43,049

     2,538

     1,952

     5,465

     4,629

     4,260

     1,200

       698

     1,543

     2,983

     6,601

Mortgage-backed securities4

   926,691

    22,508

   519,554

    30,634

    23,561

    65,954

    55,873

    51,409

    14,488

     8,424

    18,618

    36,007

    79,663

Repurchase agreements5

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Loans

       587

         0

       556

         0

         0

         0

         0

         2

         0

         2

         3

         0

        25

Net portfolio holdings of Maiden

Lane LLC6

     1,413

         0

     1,413

         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

        22

         0

        22

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Net portfolio holdings of TALF LLC9

       856

         0

       856

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Items in process of collection

       187

         1

         0

         0

         1

         0

       183

         0

         1

         1

         0

         0

         0

Bank premises

     2,331

       119

       448

        70

       115

       229

       215

       202

       131

       103

       252

       239

       209

Central bank liquidity swaps10

     8,889

       312

     2,867

       771

       657

     1,839

       508

       237

        73

        36

        88

       142

     1,358

Other assets11

   216,474

     5,557

   115,083

     8,501

     6,732

    18,927

    13,015

    11,287

     3,236

     1,898

     4,113

     7,859

    20,267

Interdistrict settlement account

         0

+   14,351

−   69,776

−   14,705

−    1,829

−   32,039

+   32,342

−   11,156

+    1,345

+    2,858

−    3,939

+    4,608

+   77,941

Total assets

2,918,753

    85,821

1,553,981

    83,676

    74,445

   180,628

   209,420

   150,244

    47,019

    29,500

    54,783

   117,778

   331,459

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, January 2, 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

1,354,322

    47,613

   477,138

    47,720

    60,682

   103,381

   175,691

    95,358

    37,315

    22,390

    36,457

    95,589

   154,987

Less: Notes held by F.R. Banks

   227,461

     6,177

    92,635

     4,272

     8,008

    11,432

    25,812

    12,389

     3,723

     3,136

     6,770

    28,016

    25,091

Federal Reserve notes, net

1,126,861

    41,436

   384,503

    43,448

    52,674

    91,950

   149,879

    82,970

    33,591

    19,254

    29,687

    67,573

   129,896

Reverse repurchase agreements12

   103,271

     2,508

    57,899

     3,414

     2,626

     7,350

     6,227

     5,729

     1,615

       939

     2,075

     4,013

     8,878

Deposits

1,622,799

    38,958

1,088,107

    32,294

    14,610

    69,156

    48,610

    59,501

    11,171

     8,806

    22,280

    44,980

   184,326

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

1,508,672

    38,949

   974,122

    32,278

    14,607

    69,095

    48,600

    59,474

    11,170

     8,806

    22,278

    44,973

   184,319

U.S. Treasury, General Account

    84,458

         0

    84,458

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Foreign official

     6,310

         1

     6,283

         3

         3

         8

         2

         1

         0

         0

         0

         1

         6

Other

    23,359

         7

    23,244

        13

         0

        53

         7

        26

         0

         0

         1

         6

         1

Deferred availability cash items

     1,193

         0

         0

         0

         0

         0

     1,066

         0

         0

       126

         0

         0

         0

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

       461

        12

       273

        14

         9

        21

        30

        27

         8

         5

         7

        19

        35

Other liabilities and accrued
dividends14

     9,448

       218

     5,708

       273

       258

       659

       491

       455

       178

       140

       179

       325

       563

Total liabilities

2,864,033

    83,132

1,536,490

    79,443

    70,177

   169,136

   206,303

   148,683

    46,563

    29,270

    54,229

   116,910

   323,698

Capital

Capital paid in

    27,360

     1,345

     8,745

     2,116

     2,134

     5,746

     1,559

       781

       228

       115

       277

       434

     3,880

Surplus

    27,360

     1,345

     8,745

     2,116

     2,134

     5,746

     1,559

       781

       228

       115

       277

       434

     3,880

Other capital

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Total liabilities and capital

2,918,753

    85,821

1,553,981

    83,676

    74,445

   180,628

   209,420

   150,244

    47,019

    29,500

    54,783

   117,778

   331,459

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, January 2, 2013 (continued)

1.

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

2.

Face value of the securities.

3.

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

4.

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

5.

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

6.

Refer to table 4 and the note on consolidation below.

7.

Refer to table 5 and the note on consolidation below.

8.

Refer to table 6 and the note on consolidation below.

9.

Refer to table 7 and the note on consolidation below.

10.

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

11.

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

12.

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

13.

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

14.

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

Note on consolidation:

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

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

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

Millions of dollars

Federal Reserve notes and collateral

Wednesday

Jan 2, 2013

Federal Reserve notes outstanding

1,354,322

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

   227,461

Federal Reserve notes to be collateralized

1,126,861

Collateral held against Federal Reserve notes

1,126,861

Gold certificate account

    11,037

Special drawing rights certificate account

     5,200

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

1,110,624

Other assets pledged

         0

Memo:

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

2,669,592

Less: Face value of securities under reverse repurchase agreements

    89,561

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

2,580,032

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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