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Release Date: Thursday, April 11, 2013
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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

April 11, 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
Apr 10, 2013

Week ended
Apr 10, 2013

Change from week ended

Apr 3, 2013

Apr 11, 2012

Reserve Bank credit

3,205,838

+   15,127

+  361,854

3,210,270

Securities held outright1

2,954,931

+   12,311

+  345,126

2,957,619

U.S. Treasury securities

1,811,564

+   12,324

+  135,030

1,814,482

Bills2

         0

         0

-   18,423

         0

Notes and bonds, nominal2

1,721,093

+   11,645

+  142,043

1,722,664

Notes and bonds, inflation-indexed2

    79,278

+      399

+    9,624

    80,278

Inflation compensation3

    11,192

+      279

+    1,785

    11,541

Federal agency debt securities2

    72,317

-      106

-   24,161

    72,053

Mortgage-backed securities4

1,071,050

+       93

+  234,257

1,071,084

Repurchase agreements5

         0

         0

         0

         0

Loans

       400

+        8

-    6,657

       439

Primary credit

        10

+        2

+        7

        49

Secondary credit

         0

         0

         0

         0

Seasonal credit

         8

+        6

         0

         9

Term Asset-Backed Securities Loan Facility6

       382

         0

-    6,664

       382

Other credit extensions

         0

         0

         0

         0

Net portfolio holdings of Maiden Lane LLC7

     1,402

         0

-    4,043

     1,403

Net portfolio holdings of Maiden Lane II LLC8

        64

         0

+       45

        64

Net portfolio holdings of Maiden Lane III LLC9

        22

         0

-   17,496

        22

Net portfolio holdings of TALF LLC10

       392

-        7

-      439

       392

Float

      -897

-      221

-       99

      -717

Central bank liquidity swaps11

     8,751

+      695

-   23,720

     8,751

Other Federal Reserve assets12

   240,772

+    2,339

+   69,135

   242,296

Gold stock

    11,041

         0

         0

    11,041

Special drawing rights certificate account

     5,200

         0

         0

     5,200

Treasury currency outstanding13

    44,947

+       14

+      540

    44,947

Total factors supplying reserve funds

3,267,026

+   15,141

+  362,394

3,271,458

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
Apr 10, 2013

Week ended
Apr 10, 2013

Change from week ended

Apr 3, 2013

Apr 11, 2012

Currency in circulation13

1,178,581

+      832

+   77,625

1,179,756

Reverse repurchase agreements14

    94,174

-    5,982

+    4,249

    94,280

Foreign official and international accounts

    93,271

-    6,848

+    3,346

    91,530

Others

       903

+      866

+      903

     2,750

Treasury cash holdings

       216

-       14

+       74

       200

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

    82,051

-   23,568

-    6,953

    78,083

Term deposits held by depository institutions

     3,045

         0

-       12

     3,045

U.S. Treasury, General Account

    58,767

-   17,377

+   13,478

    52,487

Foreign official

     9,246

+       57

+    9,114

     9,380

Service-related

         0

         0

-    1,930

         0

Required clearing balances

         0

         0

-    1,930

         0

Adjustments to compensate for float

         0

         0

         0

         0

Other

    10,994

-    6,246

-   27,603

    13,171

Other liabilities and capital15

    68,280

+    1,249

-    5,772

    67,778

Total factors, other than reserve balances,
absorbing reserve funds

1,423,302

-   27,482

+   69,222

1,420,097

Reserve balances with Federal Reserve Banks

1,843,724

+   42,623

+  293,172

1,851,361

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
Apr 10, 2013

Week ended
Apr 10, 2013

Change from week ended

Apr 3, 2013

Apr 11, 2012

Securities held in custody for foreign official and international accounts

3,295,803

+      340

+  192,894

3,291,852

Marketable U.S. Treasury securities1

2,956,607

-      233

+  275,545

2,952,862

Federal agency debt and mortgage-backed securities2

   301,282

+      661

-   83,702

   301,380

Other securities3

    37,914

-       89

+    1,051

    37,610

Securities lent to dealers

    18,878

-    4,892

-      179

    17,856

Overnight facility4

    18,878

-    4,892

-      179

    17,856

U.S. Treasury securities

    17,898

-    4,776

-      333

    16,975

Federal agency debt securities

       979

-      116

+      154

       881

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, April 10, 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

        49

         9

         0

       382

         0

...

       439

U.S. Treasury securities2

Holdings

         1

         6

       308

   462,043

   886,581

   465,543

1,814,482

Weekly changes

         0

         0

         0

+       21

+    3,762

+    5,059

+    8,843

Federal agency debt securities3

Holdings

         0

     2,873

    21,837

    42,952

     2,044

     2,347

    72,053

Weekly changes

-      370

         0

         0

         0

         0

         0

-      370

Mortgage-backed securities4

Holdings

         0

         0

         1

         1

     2,599

1,068,482

1,071,084

Weekly changes

         0

         0

         0

         0

         0

+      109

+      110

Asset-backed securities held by
TALF LLC5

         0

         0

         0

         0

         0

         0

         0

Repurchase agreements6

         0

         0

...

...

...

...

         0

Central bank liquidity swaps7

     1,502

     7,249

         0

         0

         0

         0

     8,751

Reverse repurchase agreements6

    94,280

         0

...

...

...

...

    94,280

Term deposits

     3,045

         0

         0

...

...

...

     3,045

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

1.

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

2.

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

3.

Face value.

4.

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

5.

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

6.

Cash value of agreements.

7.

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


3. Supplemental Information on Mortgage-Backed Securities

Millions of dollars

Account name

Wednesday

Apr 10, 2013

Mortgage-backed securities held outright1

1,071,084

Commitments to buy mortgage-backed securities2

   129,432

Commitments to sell mortgage-backed securities2

     5,100

Cash and cash equivalents3

       118

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

Apr 10, 2013

Net portfolio holdings of Maiden Lane LLC1

     1,403

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

         0

Accrued interest payable to the Federal Reserve Bank of New York2

         0

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

         0

1.

Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of December 31, 2012. Any assets purchased after
this valuation date are initially recorded at cost until their estimated fair value as of the purchase date becomes available.

2.

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

3.

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

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

5. Information on Principal Accounts of Maiden Lane II LLC

Millions of dollars

Account name

Wednesday

Apr 10, 2013

Net portfolio holdings of Maiden Lane II LLC1

        64

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

         0

Accrued interest payable to the Federal Reserve Bank of New York2

         0

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

         0

1.

Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of December 31, 2012. Any assets purchased after
this valuation date are initially recorded at cost until their estimated fair value as of the purchase date becomes available.

2.

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

3.

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

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


6. Information on Principal Accounts of Maiden Lane III LLC

Millions of dollars

Account name

Wednesday

Apr 10, 2013

Net portfolio holdings of Maiden Lane III LLC1

        22

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

         0

Accrued interest payable to the Federal Reserve Bank of New York2

         0

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

         0

1.

Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of December 31, 2012. Any assets purchased after
this valuation date are initially recorded at cost until their estimated fair value as of the purchase date becomes available.

2.

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

3.

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

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

7. Information on Principal Accounts of TALF LLC

Millions of dollars

Account name

Wednesday

Apr 10, 2013

Asset-backed securities holdings1

         0

Other investments, net

       392

Net portfolio holdings of TALF LLC

       392

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
Apr 10, 2013

Change since

Wednesday

Wednesday

Apr 3, 2013

Apr 11, 2012

Assets

Gold certificate account

    11,037

         0

         0

Special drawing rights certificate account

     5,200

         0

         0

Coin

     2,081

-       16

-      188

Securities, repurchase agreements, and loans

2,958,058

+    8,628

+  336,674

Securities held outright1

2,957,619

+    8,583

+  343,255

U.S. Treasury securities

1,814,482

+    8,843

+  133,389

Bills2

         0

         0

-   18,423

Notes and bonds, nominal2

1,722,664

+    6,873

+  137,954

Notes and bonds, inflation-indexed2

    80,278

+    1,399

+   11,524

Inflation compensation3

    11,541

+      572

+    2,335

Federal agency debt securities2

    72,053

-      370

-   24,425

Mortgage-backed securities4

1,071,084

+      110

+  234,291

Repurchase agreements5

         0

         0

         0

Loans

       439

+       45

-    6,581

Net portfolio holdings of Maiden Lane LLC6

     1,403

+        1

-    4,067

Net portfolio holdings of Maiden Lane II LLC7

        64

         0

+       45

Net portfolio holdings of Maiden Lane III LLC8

        22

         0

-   17,564

Net portfolio holdings of TALF LLC9

       392

-        7

-      439

Items in process of collection

(0)

       108

-       19

-       58

Bank premises

     2,297

         0

-       56

Central bank liquidity swaps10

     8,751

+      695

-   23,720

Other assets11

   239,999

+    3,058

+   69,265

Total assets

(0)

3,229,413

+   12,341

+  359,894

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
Apr 10, 2013

Change since

Wednesday

Wednesday

Apr 3, 2013

Apr 11, 2012

Liabilities

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

1,137,087

+      144

+   77,245

Reverse repurchase agreements12

    94,280

+      113

+    5,391

Deposits

(0)

1,929,444

+   11,026

+  283,938

Term deposits held by depository institutions

     3,045

         0

-       12

Other deposits held by depository institutions

1,851,361

+   13,531

+  282,561

U.S. Treasury, General Account

    52,487

-    7,573

+   16,963

Foreign official

     9,380

+      194

+    9,253

Other

(0)

    13,171

+    4,873

-   24,826

Deferred availability cash items

(0)

       825

-       54

-      281

Other liabilities and accrued dividends13

    12,639

+    1,106

-    7,096

Total liabilities

(0)

3,174,274

+   12,334

+  359,196

Capital accounts

Capital paid in

    27,570

+        4

+      350

Surplus

    27,570

+        4

+      350

Other capital accounts

         0

         0

         0

Total capital

    55,139

+        7

+      698

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, April 10, 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

     2,081

        39

       106

       136

       152

       372

       187

       308

        27

        53

       163

       190

       348

Securities, repurchase agreements,
and loans

2,958,058

    71,836

1,658,584

    97,772

    75,196

   210,498

   178,324

   164,083

    46,240

    26,933

    59,424

   114,919

   254,250

Securities held outright1

2,957,619

    71,835

1,658,202

    97,772

    75,196

   210,498

   178,324

   164,076

    46,240

    26,887

    59,420

   114,919

   254,250

U.S. Treasury securities

1,814,482

    44,070

1,017,298

    59,983

    46,132

   129,139

   109,401

   100,660

    28,368

    16,495

    36,454

    70,502

   155,981

Bills2

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Notes and bonds3

1,814,482

    44,070

1,017,298

    59,983

    46,132

   129,139

   109,401

   100,660

    28,368

    16,495

    36,454

    70,502

   155,981

Federal agency debt securities2

    72,053

     1,750

    40,397

     2,382

     1,832

     5,128

     4,344

     3,997

     1,126

       655

     1,448

     2,800

     6,194

Mortgage-backed securities4

1,071,084

    26,015

   600,508

    35,408

    27,232

    76,231

    64,579

    59,419

    16,745

     9,737

    21,519

    41,617

    92,075

Repurchase agreements5

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Loans

       439

         1

       382

         0

         0

         0

         0

         7

         0

        46

         4

         0

         0

Net portfolio holdings of Maiden

Lane LLC6

     1,403

         0

     1,403

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Net portfolio holdings of Maiden

Lane II LLC7

        64

         0

        64

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Net portfolio holdings of Maiden

Lane III LLC8

        22

         0

        22

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Net portfolio holdings of TALF LLC9

       392

         0

       392

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Items in process of collection

       108

         0

         0

         0

         0

         0

       107

         0

         0

         1

         0

         0

         0

Bank premises

     2,297

       118

       427

        71

       114

       229

       213

       201

       129

       102

       251

       236

       207

Central bank liquidity swaps10

     8,751

       430

     2,797

       677

       683

     1,838

       499

       250

        73

        37

        89

       139

     1,241

Other assets11

   239,999

     6,452

   128,459

     8,982

     7,352

    20,515

    14,435

    12,675

     3,622

     2,123

     4,606

     8,843

    21,935

Interdistrict settlement account

         0

-    8,525

+   32,691

-   20,841

-    4,650

-   33,589

+   12,243

-   22,272

-      517

-    2,008

-   11,645

-   17,858

+   76,971

Total assets

3,229,413

    70,953

1,830,589

    87,445

    79,598

   201,164

   207,997

   156,507

    50,037

    27,523

    53,355

   107,476

   356,769

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, April 10, 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

1,405,966

    46,830

   529,981

    46,560

    60,970

   102,586

   173,853

    94,831

    36,728

    23,499

    37,460

    97,894

   154,773

Less: Notes held by F.R. Banks

   268,879

    11,418

    95,980

     4,132

     8,678

    10,702

    31,185

    14,684

     3,397

     7,326

    10,351

    45,616

    25,408

Federal Reserve notes, net

1,137,087

    35,412

   434,000

    42,428

    52,292

    91,884

   142,669

    80,146

    33,331

    16,172

    27,109

    52,279

   129,365

Reverse repurchase agreements12

    94,280

     2,290

    52,858

     3,117

     2,397

     6,710

     5,684

     5,230

     1,474

       857

     1,894

     3,663

     8,105

Deposits

1,929,444

    30,396

1,318,188

    37,265

    20,328

    90,102

    55,167

    68,993

    14,553

     9,988

    23,566

    50,216

   210,682

Term deposits held by depository institutions

     3,045

        10

     1,762

         0

         0

        40

       388

         5

         0

       100

       205

         5

       530

Other deposits held by depository institutions

1,851,361

    30,384

1,241,697

    37,226

    20,324

    89,854

    54,769

    68,961

    14,552

     9,888

    23,359

    50,210

   210,137

U.S. Treasury, General Account

    52,487

         0

    52,487

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Foreign official

     9,380

         2

     9,353

         3

         3

         8

         2

         1

         0

         0

         0

         1

         6

Other

    13,171

         0

    12,889

        36

         0

       200

         8

        26

         0

         0

         1

         1

         9

Deferred availability cash items

       825

         0

         0

         0

         0

         0

       725

         0

         0

       100

         0

         0

         0

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

     1,299

        19

       878

        17

         3

        15

        76

        87

        21

        12

        29

        59

        81

Other liabilities and accrued
dividends14

    11,340

       251

     7,143

       328

       299

       786

       535

       475

       195

       160

       194

       341

       632

Total liabilities

3,174,274

    68,367

1,813,068

    83,155

    75,319

   189,498

   204,856

   154,932

    49,574

    27,289

    52,792

   106,559

   348,865

Capital

Capital paid in

    27,570

     1,293

     8,761

     2,145

     2,140

     5,833

     1,571

       787

       232

       117

       281

       459

     3,952

Surplus

    27,570

     1,293

     8,761

     2,145

     2,140

     5,833

     1,571

       787

       232

       117

       281

       459

     3,952

Other capital

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Total liabilities and capital

3,229,413

    70,953

1,830,589

    87,445

    79,598

   201,164

   207,997

   156,507

    50,037

    27,523

    53,355

   107,476

   356,769

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, April 10, 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

Apr 10, 2013

Federal Reserve notes outstanding

1,405,966

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

   268,879

Federal Reserve notes to be collateralized

1,137,087

Collateral held against Federal Reserve notes

1,137,087

Gold certificate account

    11,037

Special drawing rights certificate account

     5,200

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

1,120,850

Other assets pledged

         0

Memo:

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

2,957,619

Less: Face value of securities under reverse repurchase agreements

    78,755

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

2,878,865

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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