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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

March 21, 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
Mar 20, 2013

Week ended
Mar 20, 2013

Change from week ended

Mar 13, 2013

Mar 21, 2012

Reserve Bank credit

3,166,541

+   56,399

+  295,540

3,189,058

Securities held outright1

2,922,006

+   52,700

+  312,369

2,942,583

U.S. Treasury securities

1,777,444

+   10,387

+  114,967

1,784,652

Bills2

         0

         0

-   18,423

         0

Notes and bonds, nominal2

1,687,785

+    8,990

+  121,450

1,694,972

Notes and bonds, inflation-indexed2

    78,879

+    1,183

+   10,212

    78,879

Inflation compensation3

    10,780

+      213

+    1,728

    10,802

Federal agency debt securities2

    72,882

-      706

-   26,110

    72,423

Mortgage-backed securities4

1,071,681

+   43,021

+  223,513

1,085,507

Repurchase agreements5

         0

         0

         0

         0

Loans

       392

         0

-    6,987

       392

Primary credit

         6

         0

-        6

         5

Secondary credit

         0

         0

         0

         0

Seasonal credit

         0

         0

-        6

         0

Term Asset-Backed Securities Loan Facility6

       386

         0

-    6,976

       386

Other credit extensions

         0

         0

         0

         0

Net portfolio holdings of Maiden Lane LLC7

     1,402

+        7

-    3,969

     1,401

Net portfolio holdings of Maiden Lane II LLC8

        64

+        2

-    1,112

        64

Net portfolio holdings of Maiden Lane III LLC9

        22

         0

-   17,414

        22

Net portfolio holdings of TALF LLC10

       399

         0

-      427

       399

Float

      -681

-       91

+      167

      -641

Central bank liquidity swaps11

     7,965

-       23

-   57,628

     7,965

Other Federal Reserve assets12

   234,972

+    3,804

+   70,542

   236,874

Gold stock

    11,041

         0

         0

    11,041

Special drawing rights certificate account

     5,200

         0

         0

     5,200

Treasury currency outstanding13

    44,905

+       14

+      526

    44,905

Total factors supplying reserve funds

3,227,687

+   56,413

+  296,066

3,250,204

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
Mar 20, 2013

Week ended
Mar 20, 2013

Change from week ended

Mar 13, 2013

Mar 21, 2012

Currency in circulation13

1,174,806

-      132

+   78,637

1,175,121

Reverse repurchase agreements14

    95,663

+    4,358

+    1,693

    92,925

Foreign official and international accounts

    95,663

+    4,358

+    2,764

    92,925

Others

         0

         0

-    1,071

         0

Treasury cash holdings

       222

-        3

+       59

       225

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

   134,904

+   59,170

-    7,591

   157,690

Term deposits held by depository institutions

     3,045

+    3,045

+    3,045

     3,045

U.S. Treasury, General Account

    71,366

+   28,366

-   31,122

    71,131

Foreign official

     8,080

+      478

+    7,950

     8,952

Service-related

         0

         0

-    1,952

         0

Required clearing balances

         0

         0

-    1,952

         0

Adjustments to compensate for float

         0

         0

         0

         0

Other

    52,413

+   27,281

+   14,488

    74,562

Other liabilities and capital15

    68,728

+      611

-    6,714

    68,020

Total factors, other than reserve balances,
absorbing reserve funds

1,474,324

+   64,005

+   66,085

1,493,980

Reserve balances with Federal Reserve Banks

1,753,364

-    7,592

+  229,982

1,756,224

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
Mar 20, 2013

Week ended
Mar 20, 2013

Change from week ended

Mar 13, 2013

Mar 21, 2012

Securities held in custody for foreign official and international accounts

3,302,736

+   11,563

+  211,131

3,294,447

Marketable U.S. Treasury securities1

2,966,934

+   10,907

+  308,070

2,954,671

Federal agency debt and mortgage-backed securities2

   298,148

+    1,317

-   96,636

   302,286

Other securities3

    37,655

-      659

-      301

    37,490

Securities lent to dealers

    16,712

+    1,750

-    2,580

    17,615

Overnight facility4

    16,712

+    1,750

-    2,580

    17,615

U.S. Treasury securities

    15,545

+    1,517

-    3,036

    16,529

Federal agency debt securities

     1,167

+      233

+      456

     1,086

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, March 20, 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

         5

         0

         0

       386

         0

...

       392

U.S. Treasury securities2

Holdings

         1

         6

       307

   442,424

   887,601

   454,314

1,784,652

Weekly changes

+        1

+        1

-        1

+    4,120

+    7,577

+    2,969

+   14,665

Federal agency debt securities3

Holdings

         0

     1,765

    23,315

    42,952

     2,044

     2,347

    72,423

Weekly changes

-    1,165

+      232

-      232

         0

         0

         0

-    1,165

Mortgage-backed securities4

Holdings

         0

         0

         1

         1

     2,607

1,082,898

1,085,507

Weekly changes

         0

         0

         0

         0

+       41

+   24,597

+   24,638

Asset-backed securities held by
TALF LLC5

         0

         0

         0

         0

         0

         0

         0

Repurchase agreements6

         0

         0

...

...

...

...

         0

Central bank liquidity swaps7

       865

     7,100

         0

         0

         0

         0

     7,965

Reverse repurchase agreements6

    92,925

         0

...

...

...

...

    92,925

Term deposits

         0

     3,045

         0

...

...

...

     3,045

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

Mar 20, 2013

Mortgage-backed securities held outright1

1,085,507

Commitments to buy mortgage-backed securities2

    78,453

Commitments to sell mortgage-backed securities2

         0

Cash and cash equivalents3

       411

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

Mar 20, 2013

Net portfolio holdings of Maiden Lane LLC1

     1,401

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 December 31, 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

Mar 20, 2013

Net portfolio holdings of Maiden Lane II LLC1

        64

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2

         0

Accrued interest payable to the Federal Reserve Bank of New York2

         0

Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc.3

         0

1.

Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of December 31, 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

Mar 20, 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 December 31, 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

Mar 20, 2013

Asset-backed securities holdings1

         0

Other investments, net

       399

Net portfolio holdings of TALF LLC

       399

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2

         0

Accrued interest payable to the Federal Reserve Bank of New York2

         0

Funding provided by U.S. Treasury to TALF LLC, including accrued interest payable3

         0

1.

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

2.

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

3.

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

Note: On November 25, 2008, the Federal Reserve announced the creation of the Term Asset-Backed Securities Loan Facility (TALF) under the authority of section 13(3) of the Federal Reserve Act. The TALF is a facility under which the Federal Reserve Bank of New York (FRBNY) 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 then by the interest received on investments of TALF LLC. 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
Mar 20, 2013

Change since

Wednesday

Wednesday

Mar 13, 2013

Mar 21, 2012

Assets

Gold certificate account

    11,037

         0

         0

Special drawing rights certificate account

     5,200

         0

         0

Coin

     2,120

-       29

-      207

Securities, repurchase agreements, and loans

2,942,974

+   38,133

+  321,938

Securities held outright1

2,942,583

+   38,140

+  328,846

U.S. Treasury securities

1,784,652

+   14,665

+  121,168

Bills2

         0

         0

-   18,423

Notes and bonds, nominal2

1,694,972

+   14,606

+  127,658

Notes and bonds, inflation-indexed2

    78,879

         0

+   10,212

Inflation compensation3

    10,802

+       60

+    1,721

Federal agency debt securities2

    72,423

-    1,165

-   26,569

Mortgage-backed securities4

1,085,507

+   24,638

+  234,247

Repurchase agreements5

         0

         0

         0

Loans

       392

-        5

-    6,907

Net portfolio holdings of Maiden Lane LLC6

     1,401

-        1

-    4,021

Net portfolio holdings of Maiden Lane II LLC7

        64

         0

+       45

Net portfolio holdings of Maiden Lane III LLC8

        22

         0

-   17,427

Net portfolio holdings of TALF LLC9

       399

         0

-      432

Items in process of collection

(0)

       497

-       77

+      373

Bank premises

     2,303

+        1

-       82

Central bank liquidity swaps10

     7,965

-       23

-   57,628

Other assets11

   234,572

+    3,477

+   71,003

Total assets

(0)

3,208,553

+   41,480

+  313,562

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
Mar 20, 2013

Change since

Wednesday

Wednesday

Mar 13, 2013

Mar 21, 2012

Liabilities

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

1,132,556

-      739

+   77,082

Reverse repurchase agreements12

    92,925

+      735

+    7,037

Deposits

(0)

1,913,914

+   41,875

+  234,392

Term deposits held by depository institutions

     3,045

+    3,045

+    3,045

Other deposits held by depository institutions

1,756,224

-   46,365

+  211,595

U.S. Treasury, General Account

    71,131

+   42,683

-   16,041

Foreign official

     8,952

+    1,352

+    8,808

Other

(0)

    74,562

+   41,159

+   26,986

Deferred availability cash items

(0)

     1,138

-       81

+      177

Other liabilities and accrued dividends13

    12,925

-      314

-    5,886

Total liabilities

(0)

3,153,459

+   41,477

+  312,802

Capital accounts

Capital paid in

    27,547

+        1

+      380

Surplus

    27,547

+        1

+      380

Other capital accounts

         0

         0

         0

Total capital

    55,094

+        3

+      760

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, March 20, 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

     2,120

        40

       106

       137

       156

       380

       188

       311

        32

        52

       165

       191

       360

Securities, repurchase agreements,
and loans

2,942,974

    71,470

1,650,158

    97,275

    74,813

   209,428

   177,419

   163,245

    46,005

    26,751

    59,118

   114,335

   252,958

Securities held outright1

2,942,583

    71,470

1,649,772

    97,275

    74,813

   209,428

   177,417

   163,242

    46,004

    26,751

    59,118

   114,335

   252,958

U.S. Treasury securities

1,784,652

    43,346

1,000,573

    58,997

    45,374

   127,016

   107,602

    99,005

    27,901

    16,224

    35,854

    69,343

   153,417

Bills2

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Notes and bonds3

1,784,652

    43,346

1,000,573

    58,997

    45,374

   127,016

   107,602

    99,005

    27,901

    16,224

    35,854

    69,343

   153,417

Federal agency debt securities2

    72,423

     1,759

    40,604

     2,394

     1,841

     5,154

     4,367

     4,018

     1,132

       658

     1,455

     2,814

     6,226

Mortgage-backed securities4

1,085,507

    26,365

   608,594

    35,885

    27,598

    77,257

    65,449

    60,219

    16,971

     9,868

    21,808

    42,178

    93,315

Repurchase agreements5

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Loans

       392

         0

       386

         0

         0

         0

         2

         3

         0

         0

         0

         0

         0

Net portfolio holdings of Maiden

Lane LLC6

     1,401

         0

     1,401

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Net portfolio holdings of Maiden

Lane II LLC7

        64

         0

        64

         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

       399

         0

       399

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Items in process of collection

       497

         0

         0

         0

         0

         0

       496

         0

         0

         1

         0

         0

         0

Bank premises

     2,303

       117

       428

        71

       114

       229

       214

       201

       130

       102

       251

       237

       207

Central bank liquidity swaps10

     7,965

       391

     2,546

       616

       621

     1,673

       454

       227

        66

        33

        81

       126

     1,130

Other assets11

   234,572

     6,324

   125,347

     8,815

     7,226

    20,173

    14,092

    12,362

     3,526

     2,071

     4,493

     8,657

    21,486

Interdistrict settlement account

         0

-   10,264

+   73,273

-   14,496

-    5,559

-   65,046

+    9,917

-   21,744

-    1,343

-    1,142

-   11,036

-   12,989

+   60,428

Total assets

3,208,553

    68,683

1,859,386

    93,066

    78,124

   168,138

   204,771

   155,866

    48,879

    28,150

    53,540

   111,563

   338,386

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, March 20, 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

1,399,310

    47,166

   519,767

    46,857

    61,343

   102,872

   175,041

    94,669

    37,006

    23,636

    37,721

    97,904

   155,328

Less: Notes held by F.R. Banks

   266,754

    10,664

    98,665

     4,540

     9,167

    11,338

    30,518

    14,608

     3,642

     6,954

     9,748

    41,403

    25,508

Federal Reserve notes, net

1,132,556

    36,502

   421,102

    42,317

    52,176

    91,534

   144,523

    80,060

    33,364

    16,682

    27,973

    56,501

   129,820

Reverse repurchase agreements12

    92,925

     2,257

    52,099

     3,072

     2,363

     6,614

     5,603

     5,155

     1,453

       845

     1,867

     3,611

     7,988

Deposits

1,913,914

    26,904

1,361,271

    42,961

    18,936

    57,490

    49,760

    68,431

    13,359

    10,087

    22,889

    50,096

   191,729

Term deposits held by depository institutions

     3,045

        10

     1,762

         0

         0

        40

       388

         5

         0

       100

       205

         5

       530

Other deposits held by depository institutions

1,756,224

    26,874

1,205,069

    42,928

    18,933

    57,359

    49,362

    68,397

    13,358

     9,987

    22,682

    50,089

   191,185

U.S. Treasury, General Account

    71,131

         0

    71,131

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Foreign official

     8,952

         2

     8,924

         3

         3

         8

         2

         1

         0

         0

         0

         1

         6

Other

    74,562

        18

    74,385

        30

         0

        82

         7

        28

         0

         0

         1

         1

         9

Deferred availability cash items

     1,138

         0

         0

         0

         0

         0

     1,021

         0

         0

       117

         0

         0

         0

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

     1,341

        31

       737

        46

        37

        99

        90

        74

        22

        13

        27

        55

       111

Other liabilities and accrued
dividends14

    11,584

       294

     6,650

       380

       335

       896

       639

       576

       219

       172

       225

       417

       781

Total liabilities

3,153,459

    65,988

1,841,859

    88,776

    73,847

   156,632

   201,636

   154,297

    48,416

    27,916

    52,981

   110,680

   330,430

Capital

Capital paid in

    27,547

     1,348

     8,764

     2,145

     2,138

     5,753

     1,568

       785

       232

       117

       279

       442

     3,978

Surplus

    27,547

     1,348

     8,764

     2,145

     2,138

     5,753

     1,568

       785

       232

       117

       279

       442

     3,978

Other capital

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Total liabilities and capital

3,208,553

    68,683

1,859,386

    93,066

    78,124

   168,138

   204,771

   155,866

    48,879

    28,150

    53,540

   111,563

   338,386

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, March 20, 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

Mar 20, 2013

Federal Reserve notes outstanding

1,399,310

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

   266,754

Federal Reserve notes to be collateralized

1,132,556

Collateral held against Federal Reserve notes

1,132,556

Gold certificate account

    11,037

Special drawing rights certificate account

     5,200

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

1,116,320

Other assets pledged

         0

Memo:

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

2,942,583

Less: Face value of securities under reverse repurchase agreements

    80,296

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

2,862,286

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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