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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

May 16, 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
May 15, 2013

Week ended
May 15, 2013

Change from week ended

May 8, 2013

May 16, 2012

Reserve Bank credit

3,303,259

+   26,802

+  490,755

3,311,764

Securities held outright1

3,069,109

+   25,025

+  460,280

3,087,056

U.S. Treasury securities

1,860,584

+   10,099

+  199,637

1,864,508

Bills2

         0

         0

-   18,423

         0

Notes and bonds, nominal2

1,766,691

+    8,566

+  201,164

1,770,349

Notes and bonds, inflation-indexed2

    81,450

+    1,173

+   13,796

    81,646

Inflation compensation3

    12,442

+      359

+    3,099

    12,513

Federal agency debt securities2

    72,053

         0

-   22,402

    72,053

Mortgage-backed securities4

1,136,472

+   14,926

+  283,046

1,150,494

Unamortized premiums on securities held outright5

   198,031

+    1,452

+   68,954

   199,053

Unamortized discounts on securities held outright5

    -1,667

-       17

+      639

    -1,672

Repurchase agreements6

         0

         0

         0

         0

Loans

       422

         0

-    6,007

       426

Primary credit

         6

-        3

-        4

         9

Secondary credit

         0

         0

         0

         0

Seasonal credit

        38

+        3

+       10

        40

Term Asset-Backed Securities Loan Facility7

       377

         0

-    6,014

       377

Other credit extensions

         0

         0

         0

         0

Net portfolio holdings of Maiden Lane LLC8

     1,430

+        1

-    2,617

     1,429

Net portfolio holdings of Maiden Lane II LLC9

        64

         0

+       45

        64

Net portfolio holdings of Maiden Lane III LLC10

        22

         0

-   15,097

        22

Net portfolio holdings of TALF LLC11

       388

-        3

-      448

       388

Float

      -722

+       69

+       87

      -748

Central bank liquidity swaps12

     7,276

         0

-   19,174

     7,276

Other Federal Reserve assets13

    28,907

+      275

+    4,094

    18,470

Foreign currency denominated assets14

    23,201

-      393

-    2,255

    23,003

Gold stock

    11,041

         0

         0

    11,041

Special drawing rights certificate account

     5,200

         0

         0

     5,200

Treasury currency outstanding15

    45,052

+       14

+      592

    45,052

Total factors supplying reserve funds

3,387,753

+   26,423

+  489,092

3,396,059

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
May 15, 2013

Week ended
May 15, 2013

Change from week ended

May 8, 2013

May 16, 2012

Currency in circulation15

1,184,642

+    1,076

+   81,376

1,186,196

Reverse repurchase agreements16

    91,576

+       59

-    1,817

    89,385

Foreign official and international accounts

    91,576

+       59

-    1,817

    89,385

Others

         0

         0

         0

         0

Treasury cash holdings

       171

-       11

+       35

       162

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

   127,962

-   39,127

+    1,759

   104,075

Term deposits held by depository institutions

         0

         0

         0

         0

U.S. Treasury, General Account

    89,999

-   54,072

-    9,877

    69,489

Foreign official

    10,405

+      267

+   10,251

    10,868

Service-related

         0

         0

-    1,906

         0

Required clearing balances

         0

         0

-    1,906

         0

Adjustments to compensate for float

         0

         0

         0

         0

Other

    27,557

+   14,676

+    3,291

    23,717

Other liabilities and capital17

    66,396

+      637

-    7,611

    63,946

Total factors, other than reserve balances,
absorbing reserve funds

1,470,746

-   37,367

+   73,742

1,443,763

Reserve balances with Federal Reserve Banks

1,917,007

+   63,790

+  415,350

1,952,297

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.

Reflects the premium or discount, which is the difference between the purchase price and the face value of the securities that has not been amortized.  For U.S. Treasury and Federal agency debt securities, amortization is on a straight-line basis.  For mortgage-backed securities, amortization is on an effective-interest basis.

6.

Cash value of agreements.

7.

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

8.

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

9.

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

10.

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

11.

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

12.

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

13.

Includes accrued interest, which represents the daily accumulation of interest earned, and other accounts receivable.  Also, includes Reserve Bank premises and equipment net of allowances for depreciation.

14.

Revalued daily at current foreign currency exchange rates.

15.

Estimated.

16.

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

17.

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

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



1A. Memorandum Items

Millions of dollars

Memorandum item

Averages of daily figures

Wednesday
May 15, 2013

Week ended
May 15, 2013

Change from week ended

May 8, 2013

May 16, 2012

Securities held in custody for foreign official and international accounts

3,299,019

+    2,039

+  201,117

3,312,888

Marketable U.S. Treasury securities1

2,948,065

+    1,281

+  250,589

2,965,056

Federal agency debt and mortgage-backed securities2

   312,276

+      799

-   51,013

   309,362

Other securities3

    38,678

-       42

+    1,542

    38,469

Securities lent to dealers

    20,648

-    1,593

+    7,678

    25,730

Overnight facility4

    20,648

-    1,593

+    7,678

    25,730

U.S. Treasury securities

    19,748

-    1,597

+    7,458

    24,771

Federal agency debt securities

       899

+        3

+      219

       959

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, May 15, 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

        12

        37

         0

       377

         0

...

       426

U.S. Treasury securities2

Holdings

         0

         5

       308

   516,337

   867,351

   480,507

1,864,508

Weekly changes

-        2

         0

         0

+   25,032

-   17,967

+    3,111

+   10,174

Federal agency debt securities3

Holdings

     1,163

     4,369

    22,439

    39,691

     2,044

     2,347

    72,053

Weekly changes

+    1,163

-    1,163

+      883

-      883

         0

         0

         0

Mortgage-backed securities4

Holdings

         0

         0

         1

         1

     2,695

1,147,798

1,150,494

Weekly changes

         0

         0

         0

         0

-       17

+   28,961

+   28,942

Asset-backed securities held by
TALF LLC5

         0

         0

         0

         0

         0

         0

         0

Repurchase agreements6

         0

         0

...

...

...

...

         0

Central bank liquidity swaps7

     6,798

       478

         0

         0

         0

         0

     7,276

Reverse repurchase agreements6

    89,385

         0

...

...

...

...

    89,385

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

May 15, 2013

Mortgage-backed securities held outright1

1,150,494

Commitments to buy mortgage-backed securities2

    85,893

Commitments to sell mortgage-backed securities2

     1,800

Cash and cash equivalents3

         2

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

May 15, 2013

Net portfolio holdings of Maiden Lane LLC1

     1,429

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 March 31, 2013. Any assets purchased after
this valuation date are initially recorded at cost until their estimated fair value as of the purchase date becomes available.

2.

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

3.

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

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

5. Information on Principal Accounts of Maiden Lane II LLC

Millions of dollars

Account name

Wednesday

May 15, 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 March 31, 2013. Any assets purchased after
this valuation date are initially recorded at cost until their estimated fair value as of the purchase date becomes available.

2.

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

3.

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

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


6. Information on Principal Accounts of Maiden Lane III LLC

Millions of dollars

Account name

Wednesday

May 15, 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 March 31, 2013. Any assets purchased after
this valuation date are initially recorded at cost until their estimated fair value as of the purchase date becomes available.

2.

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

3.

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

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

7. Information on Principal Accounts of TALF LLC

Millions of dollars

Account name

Wednesday

May 15, 2013

Asset-backed securities holdings1

         0

Other investments, net

       388

Net portfolio holdings of TALF LLC

       388

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
May 15, 2013

Change since

Wednesday

Wednesday

May 8, 2013

May 16, 2012

Assets

Gold certificate account

    11,037

         0

         0

Special drawing rights certificate account

     5,200

         0

         0

Coin

     2,021

-       11

-      178

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

3,284,863

+   41,310

+  541,996

Securities held outright1

3,087,056

+   39,118

+  477,868

U.S. Treasury securities

1,864,508

+   10,174

+  207,715

Bills2

         0

         0

-   18,423

Notes and bonds, nominal2

1,770,349

+    8,395

+  209,024

Notes and bonds, inflation-indexed2

    81,646

+    1,369

+   13,992

Inflation compensation3

    12,513

+      410

+    3,121

Federal agency debt securities2

    72,053

         0

-   22,113

Mortgage-backed securities4

1,150,494

+   28,942

+  292,265

Unamortized premiums on securities held outright5

   199,053

+    2,200

+   69,452

Unamortized discounts on securities held outright5

    -1,672

-       15

+      644

Repurchase agreements6

         0

         0

         0

Loans

       426

+        8

-    5,967

Net portfolio holdings of Maiden Lane LLC7

     1,429

-        1

-    2,424

Net portfolio holdings of Maiden Lane II LLC8

        64

         0

+       45

Net portfolio holdings of Maiden Lane III LLC9

        22

         0

-   15,097

Net portfolio holdings of TALF LLC10

       388

         0

-      448

Items in process of collection

(0)

       497

-        3

+      323

Bank premises

     2,297

+        1

-       70

Central bank liquidity swaps11

     7,276

         0

-   19,174

Foreign currency denominated assets12

    23,003

-      669

-    2,247

Other assets13

    16,173

-   10,972

+      562

Total assets

(0)

3,354,269

+   29,654

+  503,285

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
May 15, 2013

Change since

Wednesday

Wednesday

May 8, 2013

May 16, 2012

Liabilities

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

1,143,322

+      791

+   81,679

Reverse repurchase agreements14

    89,385

+    1,164

-    1,637

Deposits

(0)

2,056,372

+   28,659

+  431,389

Term deposits held by depository institutions

         0

         0

         0

Other deposits held by depository institutions

1,952,297

+   82,634

+  436,595

U.S. Treasury, General Account

    69,489

-   64,131

-   31,546

Foreign official

    10,868

+      763

+   10,728

Other

(0)

    23,717

+    9,392

+   15,611

Deferred availability cash items

(0)

     1,245

-      103

+      246

Other liabilities and accrued dividends15

     8,753

-      879

-    8,935

Total liabilities

(0)

3,299,076

+   29,631

+  502,741

Capital accounts

Capital paid in

    27,596

+       11

+      271

Surplus

    27,596

+       11

+      271

Other capital accounts

         0

         0

         0

Total capital

    55,193

+       22

+      544

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.

Reflects the premium or discount, which is the difference between the purchase price and the face value of the securities that has not been amortized.  For U.S. Treasury and Federal agency debt securities, amortization is on a straight-line basis.  For mortgage-backed securities, amortization is on an effective-interest basis.

6.

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

7.

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

8.

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

9.

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

10.

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

11.

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

12.

Revalued daily at current foreign currency exchange rates.

13.

Includes accrued interest, which represents the daily accumulation of interest earned, and other accounts receivable.

14.

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

15.

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


9. Statement of Condition of Each Federal Reserve Bank, May 15, 2013

Millions of dollars

Assets, liabilities, and capital

Total

Boston

New York

Philadelphia

Cleveland

Richmond

Atlanta

Chicago

St. Louis

Minneapolis

Kansas

Dallas

San

City

Francisco

Assets

Gold certificate account

    11,037

       391

     3,925

       397

       512

       856

     1,421

       792

       310

       190

       309

       728

     1,206

Special drawing rights certificate acct.

     5,200

       196

     1,818

       210

       237

       412

       654

       424

       150

        90

       153

       282

       574

Coin

     2,021

        39

        97

       129

       140

       356

       184

       302

        29

        51

       162

       191

       341

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

3,284,863

    85,888

1,821,732

    95,164

    83,881

   204,229

   218,181

   177,490

    52,856

    31,180

    62,151

   127,543

   324,568

Securities held outright1

3,087,056

    80,723

1,711,899

    89,445

    78,840

   191,956

   205,069

   166,814

    49,672

    29,294

    58,404

   119,878

   305,063

U.S. Treasury securities

1,864,508

    48,755

1,033,946

    54,023

    47,618

   115,937

   123,857

   100,751

    30,000

    17,693

    35,274

    72,403

   184,251

Bills2

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Notes and bonds3

1,864,508

    48,755

1,033,946

    54,023

    47,618

   115,937

   123,857

   100,751

    30,000

    17,693

    35,274

    72,403

   184,251

Federal agency debt securities2

    72,053

     1,884

    39,956

     2,088

     1,840

     4,480

     4,786

     3,893

     1,159

       684

     1,363

     2,798

     7,120

Mortgage-backed securities4

1,150,494

    30,084

   637,996

    33,335

    29,382

    71,539

    76,426

    62,169

    18,512

    10,917

    21,766

    44,677

   113,692

Unamortized premiums on securities held outright5

   199,053

     5,205

   110,383

     5,767

     5,084

    12,377

    13,223

    10,756

     3,203

     1,889

     3,766

     7,730

    19,670

Unamortized discounts on securities held outright5

    -1,672

       -44

      -927

       -48

       -43

      -104

      -111

       -90

       -27

       -16

       -32

       -65

      -165

Repurchase agreements6

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Loans

       426

         3

       377

         0

         0

         0

         0

        10

         8

        14

        13

         0

         0

Net portfolio holdings of Maiden

Lane LLC7

     1,429

         0

     1,429

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Net portfolio holdings of Maiden

Lane II LLC8

        64

         0

        64

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Net portfolio holdings of Maiden

Lane III LLC9

        22

         0

        22

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Net portfolio holdings of TALF LLC10

       388

         0

       388

         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

     2,297

       118

       427

        72

       114

       229

       213

       201

       129

       102

       250

       236

       207

Central bank liquidity swaps11

     7,276

       358

     2,326

       563

       568

     1,528

       414

       207

        61

        30

        74

       115

     1,032

Foreign currency denominated assets12

    23,003

     1,130

     7,356

     1,779

     1,794

     4,830

     1,310

       656

       192

        96

       233

       365

     3,262

Other assets13

    16,173

       452

     8,489

       611

       423

     1,184

     1,081

       862

       282

       209

       322

       689

     1,570

Interdistrict settlement account

         0

-   24,092

+  171,552

-   14,320

-   11,244

-   10,925

-   24,628

-   29,387

-    7,069

-    8,976

-   16,546

-   30,864

+    6,498

Total assets

3,354,269

    64,479

2,019,625

    84,605

    76,424

   202,699

   199,326

   151,548

    46,940

    22,972

    47,108

    99,284

   339,259

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, May 15, 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

1,423,157

    46,490

   542,377

    46,367

    60,663

   106,914

   173,521

    94,913

    36,654

    23,333

    38,332

    98,658

   154,934

Less: Notes held by F.R. Banks

   279,834

    12,321

    87,981

     5,439

     9,173

    11,438

    31,999

    15,730

     3,940

     9,121

    12,095

    49,773

    30,825

Federal Reserve notes, net

1,143,322

    34,170

   454,397

    40,928

    51,490

    95,475

   141,522

    79,183

    32,714

    14,212

    26,237

    48,885

   124,110

Reverse repurchase agreements14

    89,385

     2,337

    49,567

     2,590

     2,283

     5,558

     5,938

     4,830

     1,438

       848

     1,691

     3,471

     8,833

Deposits

2,056,372

    25,127

1,493,629

    36,512

    18,023

    89,296

    46,960

    65,522

    12,121

     7,411

    18,420

    45,645

   197,704

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

1,952,297

    25,125

1,389,820

    36,474

    18,020

    89,131

    46,950

    65,495

    12,121

     7,411

    18,419

    45,642

   197,690

U.S. Treasury, General Account

    69,489

         0

    69,489

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Foreign official

    10,868

         2

    10,841

         3

         3

         8

         2

         1

         0

         0

         0

         1

         6

Other

    23,717

         1

    23,478

        35

         0

       157

         8

        26

         0

         0

         1

         2

         9

Deferred availability cash items

     1,245

         0

         7

         0

         0

         0

     1,137

         0

         0

       101

         0

         0

         0

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

       672

        -7

       512

       -12

       -13

       -35

        50

        52

        13

        13

        20

        43

        37

Other liabilities and accrued
dividends16

     8,081

       255

     3,987

       298

       295

       739

       542

       448

       191

       158

       176

       322

       669

Total liabilities

3,299,076

    61,883

2,002,098

    80,316

    72,079

   191,034

   196,149

   150,036

    46,476

    22,743

    46,544

    98,366

   331,353

Capital

Capital paid in

    27,596

     1,298

     8,763

     2,144

     2,173

     5,833

     1,589

       756

       232

       115

       282

       459

     3,953

Surplus

    27,596

     1,298

     8,763

     2,144

     2,173

     5,833

     1,589

       756

       232

       115

       282

       459

     3,953

Other capital

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Total liabilities and capital

3,354,269

    64,479

2,019,625

    84,605

    76,424

   202,699

   199,326

   151,548

    46,940

    22,972

    47,108

    99,284

   339,259

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, May 15, 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.

Reflects the premium or discount, which is the difference between the purchase price and the face value of the securities that has not been amortized.  For U.S. Treasury and Federal agency debt securities, amortization is on a straight-line basis.  For mortgage-backed securities, amortization is on an effective-interest basis.

6.

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

7.

Refer to table 4 and the note on consolidation below.

8.

Refer to table 5 and the note on consolidation below.

9.

Refer to table 6 and the note on consolidation below.

10.

Refer to table 7 and the note on consolidation below.

11.

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

12.

Revalued daily at current foreign currency exchange rates.

13.

Includes accrued interest, which represents the daily accumulation of interest earned, and other accounts receivable.

14.

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

15.

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

16.

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

Note on consolidation:

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

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

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

Millions of dollars

Federal Reserve notes and collateral

Wednesday

May 15, 2013

Federal Reserve notes outstanding

1,423,157

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

   279,834

Federal Reserve notes to be collateralized

1,143,322

Collateral held against Federal Reserve notes

1,143,322

Gold certificate account

    11,037

Special drawing rights certificate account

     5,200

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

1,127,085

Other assets pledged

         0

Memo:

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

3,087,056

Less: Face value of securities under reverse repurchase agreements

    79,468

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

3,007,588

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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