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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

July 5, 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
Jul 3, 2013

Week ended
Jul 3, 2013

Change from week ended

Jun 26, 2013

Jul 4, 2012

Reserve Bank credit

3,444,898

+    2,037

+  626,827

3,450,126

Securities held outright1

3,215,134

+    2,036

+  604,985

3,219,993

U.S. Treasury securities

1,937,609

+   14,343

+  273,957

1,942,678

Bills2

         0

         0

-   18,423

         0

Notes and bonds, nominal2

1,842,000

+   14,358

+  274,538

1,847,054

Notes and bonds, inflation-indexed2

    83,026

         0

+   15,111

    83,026

Inflation compensation3

    12,583

-       15

+    2,731

    12,598

Federal agency debt securities2

    69,391

-    1,267

-   22,093

    69,180

Mortgage-backed securities4

1,208,134

-   11,040

+  353,121

1,208,136

Unamortized premiums on securities held outright5

   203,754

-      308

+   64,720

   203,877

Unamortized discounts on securities held outright5

    -2,399

-      188

-      266

    -2,415

Repurchase agreements6

        87

         0

+       87

         0

Loans

       385

+       18

-    4,257

       364

Primary credit

        36

+       12

+       20

        15

Secondary credit

         0

         0

         0

         0

Seasonal credit

        91

+       11

+       21

        91

Term Asset-Backed Securities Loan Facility7

       258

-        6

-    4,298

       258

Other credit extensions

         0

         0

         0

         0

Net portfolio holdings of Maiden Lane LLC8

     1,418

-        1

-      999

     1,414

Net portfolio holdings of Maiden Lane II LLC9

        64

         0

+       46

        64

Net portfolio holdings of Maiden Lane III LLC10

        22

         0

-   12,867

        22

Net portfolio holdings of TALF LLC11

       281

         0

-      564

       281

Float

      -806

-      171

+       61

      -900

Central bank liquidity swaps12

     1,679

+      199

-   26,290

     1,679

Other Federal Reserve assets13

    25,281

+      455

+    2,173

    25,747

Foreign currency denominated assets14

    23,481

-      244

-    1,763

    23,414

Gold stock

    11,041

         0

         0

    11,041

Special drawing rights certificate account

     5,200

         0

         0

     5,200

Treasury currency outstanding15

    45,153

+       14

+      636

    45,153

Total factors supplying reserve funds

3,529,773

+    1,807

+  625,700

3,534,933

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
Jul 3, 2013

Week ended
Jul 3, 2013

Change from week ended

Jun 26, 2013

Jul 4, 2012

Currency in circulation15

1,196,138

+    5,597

+   82,216

1,202,128

Reverse repurchase agreements16

    93,496

+    4,917

+    7,166

    91,871

Foreign official and international accounts

    93,496

+    4,917

+    7,166

    91,871

Others

         0

         0

         0

         0

Treasury cash holdings

       122

+        5

+        5

       127

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

   154,751

-   49,473

+   24,159

   126,327

Term deposits held by depository institutions

         0

         0

         0

         0

U.S. Treasury, General Account

   118,745

+   21,533

+   17,916

   106,048

Foreign official

    10,050

+       17

+    8,466

    10,030

Service-related

         0

         0

-    1,892

         0

Required clearing balances

         0

         0

-    1,892

         0

Adjustments to compensate for float

         0

         0

         0

         0

Other

    25,956

-   71,023

-      331

    10,249

Other liabilities and capital17

    61,930

-      820

-   11,026

    62,497

Total factors, other than reserve balances,
absorbing reserve funds

1,506,437

-   39,775

+  102,520

1,482,950

Reserve balances with Federal Reserve Banks

2,023,336

+   41,582

+  523,180

2,051,984

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
Jul 3, 2013

Week ended
Jul 3, 2013

Change from week ended

Jun 26, 2013

Jul 4, 2012

Securities held in custody for foreign official and international accounts

3,285,148

-    5,249

+  166,072

3,281,945

Marketable U.S. Treasury securities1

2,945,967

-    2,519

+  204,783

2,942,680

Federal agency debt and mortgage-backed securities2

   300,685

-    2,834

-   39,720

   300,674

Other securities3

    38,496

+      105

+    1,009

    38,591

Securities lent to dealers

    17,716

-    2,288

+    3,439

    12,423

Overnight facility4

    17,716

-    2,288

+    3,439

    12,423

U.S. Treasury securities

    16,625

-    2,545

+    3,020

    11,485

Federal agency debt securities

     1,091

+      257

+      419

       938

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, July 3, 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

        32

        74

         0

       258

         0

...

       364

U.S. Treasury securities2

Holdings

         1

         4

       342

   567,212

   870,969

   504,149

1,942,678

Weekly changes

         0

+        1

-        1

+   19,967

-    8,633

+    2,928

+   14,262

Federal agency debt securities3

Holdings

     2,659

     5,869

    16,993

    41,250

        62

     2,347

    69,180

Weekly changes

+    1,181

+      341

-    3,000

         0

         0

         0

-    1,478

Mortgage-backed securities4

Holdings

         0

         0

         0

         1

     2,635

1,205,499

1,208,136

Weekly changes

         0

         0

         0

         0

+       10

+       10

+       20

Asset-backed securities held by
TALF LLC5

         0

         0

         0

         0

         0

         0

         0

Repurchase agreements6

         0

         0

...

...

...

...

         0

Central bank liquidity swaps7

       227

     1,452

         0

         0

         0

         0

     1,679

Reverse repurchase agreements6

    91,871

         0

...

...

...

...

    91,871

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

Jul 3, 2013

Mortgage-backed securities held outright1

1,208,136

Commitments to buy mortgage-backed securities2

    93,482

Commitments to sell mortgage-backed securities2

       200

Cash and cash equivalents3

        49

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

Jul 3, 2013

Net portfolio holdings of Maiden Lane LLC1

     1,414

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

Jul 3, 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

Jul 3, 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

Jul 3, 2013

Asset-backed securities holdings1

         0

Other investments, net

       281

Net portfolio holdings of TALF LLC

       281

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
Jul 3, 2013

Change since

Wednesday

Wednesday

Jun 26, 2013

Jul 4, 2012

Assets

Gold certificate account

    11,037

         0

         0

Special drawing rights certificate account

     5,200

         0

         0

Coin

     1,962

-       18

-      143

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

3,421,819

+   12,782

+  667,062

Securities held outright1

3,219,993

+   12,804

+  607,104

U.S. Treasury securities

1,942,678

+   14,262

+  276,303

Bills2

         0

         0

-   18,423

Notes and bonds, nominal2

1,847,054

+   14,254

+  276,864

Notes and bonds, inflation-indexed2

    83,026

         0

+   15,111

Inflation compensation3

    12,598

+        9

+    2,751

Federal agency debt securities2

    69,180

-    1,478

-   22,304

Mortgage-backed securities4

1,208,136

+       20

+  353,106

Unamortized premiums on securities held outright5

   203,877

+       94

+   64,464

Unamortized discounts on securities held outright5

    -2,415

-       95

-      288

Repurchase agreements6

         0

         0

         0

Loans

       364

-       20

-    4,218

Net portfolio holdings of Maiden Lane LLC7

     1,414

-        4

-    1,003

Net portfolio holdings of Maiden Lane II LLC8

        64

         0

+       46

Net portfolio holdings of Maiden Lane III LLC9

        22

         0

-   12,924

Net portfolio holdings of TALF LLC10

       281

         0

-      564

Items in process of collection

(0)

       104

-        4

-      164

Bank premises

     2,291

-        8

-       66

Central bank liquidity swaps11

     1,679

+      199

-   26,290

Foreign currency denominated assets12

    23,414

-      228

-    1,818

Other assets13

    23,456

+    1,351

+    2,749

Total assets

(0)

3,492,742

+   14,070

+  626,884

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
Jul 3, 2013

Change since

Wednesday

Wednesday

Jun 26, 2013

Jul 4, 2012

Liabilities

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

1,159,060

+    8,725

+   83,148

Reverse repurchase agreements14

    91,871

+    3,178

+    3,908

Deposits

(0)

2,178,311

+      757

+  551,416

Term deposits held by depository institutions

         0

         0

         0

Other deposits held by depository institutions

2,051,984

+   34,255

+  544,035

U.S. Treasury, General Account

   106,048

+   11,777

+    8,540

Foreign official

    10,030

+       16

+    8,442

Other

(0)

    10,249

-   45,291

-    9,600

Deferred availability cash items

(0)

     1,004

+      132

-      420

Other liabilities and accrued dividends15

     7,512

+    1,270

-   11,480

Total liabilities

(0)

3,437,758

+   14,062

+  626,572

Capital accounts

Capital paid in

    27,492

+        4

+      156

Surplus

    27,492

+        4

+      156

Other capital accounts

         0

         0

         0

Total capital

    54,985

+        8

+      313

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, July 3, 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

     1,962

        32

        84

       120

       133

       344

       185

       289

        29

        49

       159

       192

       344

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

3,421,819

    89,468

1,897,595

    99,136

    87,380

   212,749

   227,298

   184,911

    55,068

    32,491

    64,746

   132,868

   338,108

Securities held outright1

3,219,993

    84,200

1,785,618

    93,297

    82,235

   200,222

   213,900

   173,997

    51,811

    30,555

    60,919

   125,040

   318,200

U.S. Treasury securities

1,942,678

    50,799

1,077,294

    56,288

    49,614

   120,797

   129,050

   104,975

    31,258

    18,434

    36,753

    75,439

   191,975

Bills2

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Notes and bonds3

1,942,678

    50,799

1,077,294

    56,288

    49,614

   120,797

   129,050

   104,975

    31,258

    18,434

    36,753

    75,439

   191,975

Federal agency debt securities2

    69,180

     1,809

    38,363

     2,004

     1,767

     4,302

     4,596

     3,738

     1,113

       656

     1,309

     2,686

     6,836

Mortgage-backed securities4

1,208,136

    31,592

   669,961

    35,005

    30,855

    75,123

    80,255

    65,283

    19,439

    11,464

    22,857

    46,915

   119,388

Unamortized premiums on securities held outright5

   203,877

     5,331

   113,058

     5,907

     5,207

    12,677

    13,543

    11,017

     3,280

     1,935

     3,857

     7,917

    20,147

Unamortized discounts on securities held outright5

    -2,415

       -63

    -1,339

       -70

       -62

      -150

      -160

      -131

       -39

       -23

       -46

       -94

      -239

Repurchase agreements6

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Loans

       364

         0

       258

         2

         0

         0

        15

        28

        16

        24

        16

         5

         0

Net portfolio holdings of Maiden

Lane LLC7

     1,414

         0

     1,414

         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

       281

         0

       281

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Items in process of collection

       104

         0

         0

         0

         0

         0

       102

         0

         0

         2

         0

         0

         0

Bank premises

     2,291

       120

       427

        72

       113

       229

       212

       200

       128

       101

       250

       234

       206

Central bank liquidity swaps11

     1,679

        82

       537

       130

       131

       353

        96

        48

        14

         7

        17

        27

       238

Foreign currency denominated assets12

    23,414

     1,151

     7,487

     1,811

     1,826

     4,916

     1,334

       668

       195

        98

       237

       371

     3,320

Other assets13

    23,456

       647

    12,598

       688

       616

     1,646

     1,587

     1,268

       419

       287

       466

       937

     2,298

Interdistrict settlement account

         0

-   19,361

+  246,110

-   24,227

-   17,671

-   31,192

-   34,037

-   45,037

-   11,643

-   12,947

-   20,618

-   35,838

+    6,461

Total assets

3,492,742

    72,725

2,172,362

    78,337

    73,277

   190,313

   198,851

   143,563

    44,670

    20,367

    45,720

    99,802

   352,756

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, July 3, 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

1,461,218

    46,697

   553,379

    46,001

    60,648

   110,069

   180,981

    95,189

    36,800

    23,461

    38,964

   107,118

   161,911

Less: Notes held by F.R. Banks

   302,158

    12,561

    92,109

     7,323

     8,623

    12,245

    33,898

    18,838

     4,071

    10,586

    12,778

    56,195

    32,930

Federal Reserve notes, net

1,159,060

    34,136

   461,270

    38,678

    52,026

    97,825

   147,083

    76,351

    32,728

    12,875

    26,185

    50,923

   128,980

Reverse repurchase agreements14

    91,871

     2,402

    50,946

     2,662

     2,346

     5,713

     6,103

     4,964

     1,478

       872

     1,738

     3,568

     9,079

Deposits

2,178,311

    33,411

1,638,050

    32,572

    14,363

    74,758

    41,178

    60,381

     9,837

     6,117

    17,088

    44,131

   206,424

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

2,051,984

    33,407

1,511,914

    32,535

    14,360

    74,680

    41,166

    60,346

     9,837

     6,116

    17,087

    44,129

   206,408

U.S. Treasury, General Account

   106,048

         0

   106,048

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Foreign official

    10,030

         2

    10,003

         3

         3

         8

         2

         1

         0

         0

         0

         1

         6

Other

    10,249

         3

    10,085

        35

         0

        69

        10

        34

         0

         0

         1

         1

        10

Deferred availability cash items

     1,004

         0

         0

         0

         0

         0

       873

         0

         0

       131

         0

         0

         0

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

     1,630

        34

       972

        36

        25

        60

       117

        95

        28

        15

        34

        68

       145

Other liabilities and accrued
dividends16

     5,882

       143

     3,577

       163

       170

       427

       304

       261

       135

       124

       111

       191

       277

Total liabilities

3,437,758

    70,128

2,154,815

    74,111

    68,931

   178,782

   195,657

   142,052

    44,206

    20,134

    45,156

    98,881

   344,905

Capital

Capital paid in

    27,492

     1,299

     8,774

     2,113

     2,173

     5,765

     1,597

       756

       232

       117

       282

       460

     3,926

Surplus

    27,492

     1,299

     8,774

     2,113

     2,173

     5,765

     1,597

       756

       232

       117

       282

       460

     3,926

Other capital

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Total liabilities and capital

3,492,742

    72,725

2,172,362

    78,337

    73,277

   190,313

   198,851

   143,563

    44,670

    20,367

    45,720

    99,802

   352,756

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, July 3, 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

Jul 3, 2013

Federal Reserve notes outstanding

1,461,218

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

   302,158

Federal Reserve notes to be collateralized

1,159,060

Collateral held against Federal Reserve notes

1,159,060

Gold certificate account

    11,037

Special drawing rights certificate account

     5,200

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

1,142,823

Other assets pledged

         0

Memo:

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

3,219,993

Less: Face value of securities under reverse repurchase agreements

    85,880

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

3,134,114

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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