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FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks

January 17, 2013

1. Factors Affecting Reserve Balances of Depository Institutions

Millions of dollars

Reserve Bank credit, related items, and
reserve balances of depository institutions at
Federal Reserve Banks

Averages of daily figures

Wednesday
Jan 16, 2013

Week ended
Jan 16, 2013

Change from week ended

Jan 9, 2013

Jan 18, 2012

Reserve Bank credit

2,929,676

+   24,071

+   26,018

2,946,215

Securities held outright1

2,696,582

+   21,775

+   94,395

2,711,605

U.S. Treasury securities

1,683,442

+   12,061

+   36,163

1,688,886

Bills2

         0

         0

-   18,423

         0

Notes and bonds, nominal2

1,597,946

+   12,153

+   47,060

1,603,423

Notes and bonds, inflation-indexed2

    74,740

         0

+    6,258

    74,740

Inflation compensation3

    10,757

-       91

+    1,269

    10,723

Federal agency debt securities2

    76,019

-      704

-   26,011

    75,111

Mortgage-backed securities4

   937,121

+   10,418

+   84,243

   947,608

Repurchase agreements5

         0

         0

         0

         0

Loans

       567

+        2

-    8,031

       573

Primary credit

         9

+        2

+        5

        15

Secondary credit

         0

         0

         0

         0

Seasonal credit

         3

         0

+        1

         3

Term Asset-Backed Securities Loan Facility6

       556

         0

-    8,036

       556

Other credit extensions

         0

         0

         0

         0

Net portfolio holdings of Maiden Lane LLC7

     1,414

+        1

-    5,757

     1,416

Net portfolio holdings of Maiden Lane II LLC8

        61

         0

-    9,085

        61

Net portfolio holdings of Maiden Lane III LLC9

        22

         0

-   17,776

        22

Net portfolio holdings of TALF LLC10

       856

         0

+       45

       856

Float

      -675

+      191

+      241

      -635

Central bank liquidity swaps11

     8,070

-      921

-   95,196

     8,070

Other Federal Reserve assets12

   222,778

+    3,024

+   67,181

   224,247

Gold stock

    11,041

         0

         0

    11,041

Special drawing rights certificate account

     5,200

         0

         0

     5,200

Treasury currency outstanding13

    44,845

+       14

+      629

    44,845

Total factors supplying reserve funds

2,990,762

+   24,085

+   26,647

3,007,301

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.


1. Factors Affecting Reserve Balances of Depository Institutions (continued)

Millions of dollars

Reserve Bank credit, related items, and
reserve balances of depository institutions at
Federal Reserve Banks

Averages of daily figures

Wednesday
Jan 16, 2013

Week ended
Jan 16, 2013

Change from week ended

Jan 9, 2013

Jan 18, 2012

Currency in circulation13

1,156,326

-    8,094

+   88,427

1,155,341

Reverse repurchase agreements14

    93,029

-    6,453

+    8,602

    90,644

Foreign official and international accounts

    93,029

-    6,453

+    8,602

    90,644

Others

         0

         0

         0

         0

Treasury cash holdings

       168

+       12

+       31

       174

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

    88,269

-    6,353

-   58,098

    89,621

Term deposits held by depository institutions

         0

         0

-    3,079

         0

U.S. Treasury, General Account

    54,020

-    5,624

-   24,049

    77,177

Foreign official

     6,770

+      305

+    6,618

     7,149

Service-related

         0

         0

-    1,980

         0

Required clearing balances

         0

         0

-    1,980

         0

Adjustments to compensate for float

         0

         0

         0

         0

Other

    27,479

-    1,035

-   35,610

     5,295

Other liabilities and capital15

    68,022

+    3,050

-    3,885

    67,234

Total factors, other than reserve balances,
absorbing reserve funds

1,405,814

-   17,838

+   35,077

1,403,016

Reserve balances with Federal Reserve Banks

1,584,948

+   41,924

-    8,430

1,604,286

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

1.

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

2.

Face value of the securities.

3.

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

4.

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

5.

Cash value of agreements.

6.

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

7.

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

8.

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

9.

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

10.

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

11.

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

12.

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

13.

Estimated.

14.

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

15.

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

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



1A. Memorandum Items

Millions of dollars

Memorandum item

Averages of daily figures

Wednesday
Jan 16, 2013

Week ended
Jan 16, 2013

Change from week ended

Jan 9, 2013

Jan 18, 2012

Securities held in custody for foreign official and international accounts

3,258,596

+   11,414

+  233,841

3,259,432

Marketable U.S. Treasury securities1

2,914,294

+   13,470

+  322,713

2,916,872

Federal agency debt and mortgage-backed securities2

   308,506

-    1,920

-   89,876

   306,744

Other securities3

    35,796

-      136

+    1,003

    35,816

Securities lent to dealers

     7,613

+      390

-    2,960

     5,898

Overnight facility4

     7,613

+      390

-    2,960

     5,898

U.S. Treasury securities

     7,016

+      485

-    2,634

     5,301

Federal agency debt securities

       597

-       95

-      326

       597

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

1.

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

2.

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

3.

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

4.

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


2. Maturity Distribution of Securities, Loans, and Selected Other Assets and Liabilities, January 16, 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

        20

        47

         0

       506

         0

...

       573

U.S. Treasury securities2

Holdings

         1

         4

        15

   386,821

   871,522

   430,521

1,688,886

Weekly changes

+        1

-        1

-        1

+    3,259

+    5,433

+    3,886

+   12,579

Federal agency debt securities3

Holdings

         0

     3,058

    17,142

    50,520

     2,044

     2,347

    75,111

Weekly changes

-    1,250

         0

+      746

-      746

         0

         0

-    1,250

Mortgage-backed securities4

Holdings

         0

         0

         2

         1

     2,376

   945,229

   947,608

Weekly changes

         0

         0

         0

         0

-        3

+   20,900

+   20,896

Asset-backed securities held by
TALF LLC5

         0

         0

         0

         0

         0

         0

         0

Repurchase agreements6

         0

         0

...

...

...

...

         0

Central bank liquidity swaps7

     4,180

     3,890

         0

         0

         0

         0

     8,070

Reverse repurchase agreements6

    90,644

         0

...

...

...

...

    90,644

Term deposits

         0

         0

         0

...

...

...

         0

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

1.

Excludes the loans from the Federal Reserve Bank of New York (FRBNY) to Maiden Lane LLC, Maiden Lane II LLC, Maiden
Lane III LLC, and TALF LLC. The loans were eliminated when preparing the FRBNY's statement of condition consistent with consolidation
under generally accepted accounting principles.

2.

Face value. For inflation-indexed securities, includes the original face value and compensation that adjusts for the effect of inflation on the
original face value of such securities.

3.

Face value.

4.

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

5.

Face value of asset-backed securities held by TALF LLC, which is the remaining principal balance of the underlying assets.

6.

Cash value of agreements.

7.

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


3. Supplemental Information on Mortgage-Backed Securities

Millions of dollars

Account name

Wednesday

Jan 16, 2013

Mortgage-backed securities held outright1

   947,608

Commitments to buy mortgage-backed securities2

   121,880

Commitments to sell mortgage-backed securities2

         0

Cash and cash equivalents3

       571

1.

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

2.

Current face value. Generally settle within 180 days and include commitments associated with outright transactions, dollar rolls, and coupon swaps.

3.

This amount is included in other Federal Reserve assets in table 1 and in other assets in table 8 and table 9.


4. Information on Principal Accounts of Maiden Lane LLC

Millions of dollars

Account name

Wednesday

Jan 16, 2013

Net portfolio holdings of Maiden Lane LLC1

     1,416

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

         0

Accrued interest payable to the Federal Reserve Bank of New York2

         0

Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co.3

         0

1.

Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of September 30, 2012. Any assets purchased after
this valuation date are initially recorded at cost until their estimated fair value as of the purchase date becomes available.

2.

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

3.

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

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

5. Information on Principal Accounts of Maiden Lane II LLC

Millions of dollars

Account name

Wednesday

Jan 16, 2013

Net portfolio holdings of Maiden Lane II LLC1

        61

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

         0

Accrued interest payable to the Federal Reserve Bank of New York2

         0

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

         0

1.

Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of September 30, 2012. Any assets purchased after
this valuation date are initially recorded at cost until their estimated fair value as of the purchase date becomes available.

2.

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

3.

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

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


6. Information on Principal Accounts of Maiden Lane III LLC

Millions of dollars

Account name

Wednesday

Jan 16, 2013

Net portfolio holdings of Maiden Lane III LLC1

        22

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

         0

Accrued interest payable to the Federal Reserve Bank of New York2

         0

Outstanding principal amount and accrued interest on loan payable to American International Group, Inc.3

         0

1.

Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of September 30, 2012. Any assets purchased after
this valuation date are initially recorded at cost until their estimated fair value as of the purchase date becomes available.

2.

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

3.

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

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

7. Information on Principal Accounts of TALF LLC

Millions of dollars

Account name

Wednesday

Jan 16, 2013

Asset-backed securities holdings1

         0

Other investments, net

       856

Net portfolio holdings of TALF LLC

       856

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

         0

Accrued interest payable to the Federal Reserve Bank of New York2

         0

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

       113

1.

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

2.

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

3.

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

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

TALF LLC is a limited liability company formed to purchase and manage any asset-backed securities received by the FRBNY in connection with the decision of a borrower not to repay a TALF loan. TALF LLC has committed, for a fee, to purchase all asset-backed securities received by the FRBNY in conjunction with a TALF loan at a price equal to the TALF loan plus accrued but unpaid interest. Losses on asset-backed securities held by TALF LLC will be offset in the following order: by the commitment fees collected by TALF LLC 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
Jan 16, 2013

Change since

Wednesday

Wednesday

Jan 9, 2013

Jan 18, 2012

Assets

Gold certificate account

    11,037

         0

         0

Special drawing rights certificate account

     5,200

         0

         0

Coin

     2,152

+       32

-      218

Securities, repurchase agreements, and loans

2,712,178

+   32,239

+  103,144

Securities held outright1

2,711,605

+   32,225

+  111,167

U.S. Treasury securities

1,688,886

+   12,579

+   37,380

Bills2

         0

         0

-   18,423

Notes and bonds, nominal2

1,603,423

+   12,671

+   48,223

Notes and bonds, inflation-indexed2

    74,740

         0

+    6,322

Inflation compensation3

    10,723

-       92

+    1,257

Federal agency debt securities2

    75,111

-    1,250

-   26,387

Mortgage-backed securities4

   947,608

+   20,896

+  100,174

Repurchase agreements5

         0

         0

         0

Loans

       573

+       14

-    8,023

Net portfolio holdings of Maiden Lane LLC6

     1,416

+        2

-    5,594

Net portfolio holdings of Maiden Lane II LLC7

        61

         0

-    9,089

Net portfolio holdings of Maiden Lane III LLC8

        22

         0

-   17,611

Net portfolio holdings of TALF LLC9

       856

         0

+       45

Items in process of collection

(0)

       173

+       21

-      218

Bank premises

     2,332

         0

+      150

Central bank liquidity swaps10

     8,070

-      921

-   95,196

Other assets11

   221,915

+    3,713

+   68,247

Total assets

(0)

2,965,412

+   35,087

+   43,661

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.


8. Consolidated Statement of Condition of All Federal Reserve Banks (continued)

Millions of dollars

Assets, liabilities, and capital

Eliminations from consolidation

Wednesday
Jan 16, 2013

Change since

Wednesday

Wednesday

Jan 9, 2013

Jan 18, 2012

Liabilities

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

1,112,818

-    5,527

+   86,696

Reverse repurchase agreements12

    90,644

-    4,323

-      449

Deposits

(0)

1,693,907

+   43,300

-   37,244

Term deposits held by depository institutions

         0

         0

-    3,079

Other deposits held by depository institutions

1,604,286

+   38,784

+   58,827

U.S. Treasury, General Account

    77,177

+   29,839

-   31,026

Foreign official

     7,149

+      684

+    7,023

Other

(0)

     5,295

-   26,006

-   68,990

Deferred availability cash items

(0)

       808

-      118

-    1,159

Other liabilities and accrued dividends13

    12,509

+    1,750

-    5,108

Total liabilities

(0)

2,910,687

+   35,084

+   42,737

Capital accounts

Capital paid in

    27,363

+        2

+      462

Surplus

    27,363

+        2

+      462

Other capital accounts

         0

         0

         0

Total capital

    54,725

+        3

+      924

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

1.

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

2.

Face value of the securities.

3.

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

4.

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

5.

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

6.

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

7.

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

8.

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

9.

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

10.

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

11.

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

12.

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

13.

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


9. Statement of Condition of Each Federal Reserve Bank, January 16, 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

     2,152

        40

        94

       142

       149

       379

       212

       319

        37

        52

       167

       205

       355

Securities, repurchase agreements,
and loans

2,712,178

    65,860

1,520,829

    89,640

    68,944

   192,989

   163,491

   150,432

    42,394

    24,651

    54,480

   105,360

   233,109

Securities held outright1

2,711,605

    65,860

1,520,273

    89,640

    68,941

   192,989

   163,491

   150,428

    42,393

    24,651

    54,477

   105,360

   233,102

U.S. Treasury securities

1,688,886

    41,020

   946,881

    55,831

    42,939

   120,200

   101,828

    93,692

    26,404

    15,354

    33,930

    65,622

   145,184

Bills2

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Notes and bonds3

1,688,886

    41,020

   946,881

    55,831

    42,939

   120,200

   101,828

    93,692

    26,404

    15,354

    33,930

    65,622

   145,184

Federal agency debt securities2

    75,111

     1,824

    42,111

     2,483

     1,910

     5,346

     4,529

     4,167

     1,174

       683

     1,509

     2,918

     6,457

Mortgage-backed securities4

   947,608

    23,016

   531,281

    31,326

    24,092

    67,443

    57,134

    52,569

    14,815

     8,615

    19,038

    36,819

    81,461

Repurchase agreements5

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Loans

       573

         0

       556

         0

         3

         0

         0

         3

         1

         0

         3

         0

         7

Net portfolio holdings of Maiden

Lane LLC6

     1,416

         0

     1,416

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Net portfolio holdings of Maiden

Lane II LLC7

        61

         0

        61

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Net portfolio holdings of Maiden

Lane III LLC8

        22

         0

        22

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Net portfolio holdings of TALF LLC9

       856

         0

       856

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Items in process of collection

       173

         0

         0

         0

         0

         0

       172

         0

         0

         0

         0

         0

         0

Bank premises

     2,332

       119

       448

        70

       115

       229

       215

       202

       131

       103

       252

       239

       209

Central bank liquidity swaps10

     8,070

       283

     2,603

       700

       597

     1,669

       461

       215

        66

        33

        80

       129

     1,233

Other assets11

   221,915

     5,693

   118,072

     8,683

     6,867

    19,332

    13,329

    11,583

     3,321

     1,943

     4,220

     8,141

    20,730

Interdistrict settlement account

         0

+    9,331

-   27,953

-   13,717

-    4,801

-   47,292

+   26,173

-   12,661

+      639

+    2,868

-    6,025

-      526

+   73,965

Total assets

2,965,412

    81,930

1,622,091

    86,165

    72,622

   168,609

   206,044

   151,354

    47,052

    29,932

    53,643

   114,555

   331,416

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.


9. Statement of Condition of Each Federal Reserve Bank, January 16, 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

1,361,350

    47,641

   483,167

    47,634

    61,260

   103,613

   175,114

    95,371

    37,355

    22,404

    37,441

    95,948

   154,402

Less: Notes held by F.R. Banks

   248,532

     7,543

    95,577

     4,903

     9,723

    12,632

    29,601

    14,158

     4,315

     3,422

     8,157

    30,476

    28,025

Federal Reserve notes, net

1,112,818

    40,098

   387,590

    42,731

    51,537

    90,981

   145,513

    81,213

    33,041

    18,982

    29,284

    65,471

   126,377

Reverse repurchase agreements12

    90,644

     2,202

    50,820

     2,997

     2,305

     6,451

     5,465

     5,029

     1,417

       824

     1,821

     3,522

     7,792

Deposits

1,693,907

    36,646

1,158,691

    35,829

    14,179

    58,787

    50,587

    62,948

    11,917

     9,628

    21,751

    44,263

   188,680

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

1,604,286

    36,644

1,069,182

    35,817

    14,176

    58,744

    50,577

    62,920

    11,916

     9,627

    21,750

    44,258

   188,673

U.S. Treasury, General Account

    77,177

         0

    77,177

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Foreign official

     7,149

         1

     7,122

         3

         3

         8

         2

         1

         0

         0

         0

         1

         6

Other

     5,295

         0

     5,210

         8

         0

        35

         7

        27

         0

         0

         1

         5

         1

Deferred availability cash items

       808

         0

         0

         0

         0

         0

       703

         0

         0

       105

         0

         0

         0

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

     1,220

        29

       693

        43

        31

        89

        73

        63

        17

         8

        23

        46

       105

Other liabilities and accrued
dividends14

    11,289

       265

     6,805

       333

       301

       808

       585

       539

       203

       155

       209

       385

       701

Total liabilities

2,910,687

    79,240

1,604,600

    81,932

    68,353

   157,117

   202,927

   149,792

    46,595

    29,701

    53,088

   113,687

   323,655

Capital

Capital paid in

    27,363

     1,345

     8,745

     2,116

     2,134

     5,746

     1,559

       781

       228

       116

       277

       434

     3,880

Surplus

    27,363

     1,345

     8,745

     2,116

     2,134

     5,746

     1,559

       781

       228

       116

       277

       434

     3,880

Other capital

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Total liabilities and capital

2,965,412

    81,930

1,622,091

    86,165

    72,622

   168,609

   206,044

   151,354

    47,052

    29,932

    53,643

   114,555

   331,416

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.


9. Statement of Condition of Each Federal Reserve Bank, January 16, 2013 (continued)

1.

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

2.

Face value of the securities.

3.

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

4.

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

5.

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

6.

Refer to table 4 and the note on consolidation below.

7.

Refer to table 5 and the note on consolidation below.

8.

Refer to table 6 and the note on consolidation below.

9.

Refer to table 7 and the note on consolidation below.

10.

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

11.

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

12.

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

13.

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

14.

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

Note on consolidation:

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

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

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

Millions of dollars

Federal Reserve notes and collateral

Wednesday

Jan 16, 2013

Federal Reserve notes outstanding

1,361,350

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

   248,532

Federal Reserve notes to be collateralized

1,112,818

Collateral held against Federal Reserve notes

1,112,818

Gold certificate account

    11,037

Special drawing rights certificate account

     5,200

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

1,096,581

Other assets pledged

         0

Memo:

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

2,711,605

Less: Face value of securities under reverse repurchase agreements

    77,859

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

2,633,745

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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