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Release Date: Thursday, June 13, 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

June 13, 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
Jun 12, 2013

Week ended
Jun 12, 2013

Change from week ended

Jun 5, 2013

Jun 13, 2012

Reserve Bank credit

3,364,000

+   14,206

+  555,857

3,367,430

Securities held outright1

3,139,181

+   12,279

+  532,285

3,141,976

U.S. Treasury securities

1,903,296

+   12,259

+  243,727

1,906,079

Bills2

         0

         0

-   18,423

         0

Notes and bonds, nominal2

1,808,637

+   11,879

+  244,525

1,810,417

Notes and bonds, inflation-indexed2

    82,040

+      394

+   14,696

    83,026

Inflation compensation3

    12,619

-       14

+    2,929

    12,636

Federal agency debt securities2

    70,890

         0

-   22,362

    70,890

Mortgage-backed securities4

1,164,995

+       20

+  310,920

1,165,008

Unamortized premiums on securities held outright5

   200,908

-       25

+   66,909

   200,925

Unamortized discounts on securities held outright5

    -1,973

-      172

+      286

    -2,062

Repurchase agreements6

         0

         0

         0

         0

Loans

       336

+       11

-    5,102

       380

Primary credit

        15

+        7

+        2

        53

Secondary credit

         0

         0

         0

         0

Seasonal credit

        50

+        3

+        3

        56

Term Asset-Backed Securities Loan Facility7

       271

         0

-    5,107

       271

Other credit extensions

         0

         0

         0

         0

Net portfolio holdings of Maiden Lane LLC8

     1,424

         0

-    2,458

     1,425

Net portfolio holdings of Maiden Lane II LLC9

        64

         0

+       45

        64

Net portfolio holdings of Maiden Lane III LLC10

        22

         0

-   15,300

        22

Net portfolio holdings of TALF LLC11

       281

-      107

-      560

       281

Float

      -793

+       22

-       71

      -882

Central bank liquidity swaps12

     1,771

         0

-   21,543

     1,771

Other Federal Reserve assets13

    22,779

+    2,197

+    1,365

    23,529

Foreign currency denominated assets14

    23,938

+      505

-    1,211

    24,222

Gold stock

    11,041

         0

         0

    11,041

Special drawing rights certificate account

     5,200

         0

         0

     5,200

Treasury currency outstanding15

    45,111

+       14

+      619

    45,111

Total factors supplying reserve funds

3,449,290

+   14,725

+  555,265

3,453,003

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
Jun 12, 2013

Week ended
Jun 12, 2013

Change from week ended

Jun 5, 2013

Jun 13, 2012

Currency in circulation15

1,189,061

-    1,645

+   80,432

1,189,607

Reverse repurchase agreements16

    90,546

-    4,397

+    2,538

    86,277

Foreign official and international accounts

    90,546

-    4,397

+    2,538

    86,277

Others

         0

         0

         0

         0

Treasury cash holdings

       136

-       14

-        6

       127

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

    74,462

+    7,550

+    1,155

    72,883

Term deposits held by depository institutions

    10,496

         0

+    7,443

    10,496

U.S. Treasury, General Account

    43,056

+   12,826

+    1,171

    39,284

Foreign official

     9,860

-    1,334

+    9,068

     9,711

Service-related

         0

         0

-    1,897

         0

Required clearing balances

         0

         0

-    1,897

         0

Adjustments to compensate for float

         0

         0

         0

         0

Other

    11,051

-    3,940

-   14,629

    13,391

Other liabilities and capital17

    64,038

+      765

-   10,072

    63,383

Total factors, other than reserve balances,
absorbing reserve funds

1,418,243

+    2,260

+   74,047

1,412,277

Reserve balances with Federal Reserve Banks

2,031,047

+   12,465

+  481,217

2,040,727

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
Jun 12, 2013

Week ended
Jun 12, 2013

Change from week ended

Jun 5, 2013

Jun 13, 2012

Securities held in custody for foreign official and international accounts

3,314,350

+    1,955

+  195,274

3,314,208

Marketable U.S. Treasury securities1

2,973,635

+    1,743

+  255,714

2,973,287

Federal agency debt and mortgage-backed securities2

   302,597

+      136

-   60,941

   302,767

Other securities3

    38,118

+       76

+      501

    38,154

Securities lent to dealers

    18,142

-    1,189

+    7,269

    16,456

Overnight facility4

    18,142

-    1,189

+    7,269

    16,456

U.S. Treasury securities

    17,168

-    1,126

+    6,886

    15,508

Federal agency debt securities

       973

-       63

+      383

       948

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, June 12, 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

        61

        49

         0

       271

         0

...

       380

U.S. Treasury securities2

Holdings

         1

         4

       343

   544,477

   866,763

   494,490

1,906,079

Weekly changes

         0

         0

         0

-        3

+    3,672

+    4,399

+    8,069

Federal agency debt securities3

Holdings

       232

     6,442

    20,134

    41,673

        62

     2,347

    70,890

Weekly changes

         0

+    1,497

-    1,497

+    1,982

-    1,982

         0

         0

Mortgage-backed securities4

Holdings

         0

         0

         0

         1

     2,701

1,162,305

1,165,008

Weekly changes

         0

         0

         0

         0

-        1

+       18

+       17

Asset-backed securities held by
TALF LLC5

         0

         0

         0

         0

         0

         0

         0

Repurchase agreements6

         0

         0

...

...

...

...

         0

Central bank liquidity swaps7

       451

     1,320

         0

         0

         0

         0

     1,771

Reverse repurchase agreements6

    86,277

         0

...

...

...

...

    86,277

Term deposits

    10,496

         0

         0

...

...

...

    10,496

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

Jun 12, 2013

Mortgage-backed securities held outright1

1,165,008

Commitments to buy mortgage-backed securities2

   113,671

Commitments to sell mortgage-backed securities2

       800

Cash and cash equivalents3

        39

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

Jun 12, 2013

Net portfolio holdings of Maiden Lane LLC1

     1,425

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

Jun 12, 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

Jun 12, 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

Jun 12, 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
Jun 12, 2013

Change since

Wednesday

Wednesday

Jun 5, 2013

Jun 13, 2012

Assets

Gold certificate account

    11,037

         0

         0

Special drawing rights certificate account

     5,200

         0

         0

Coin

     1,979

+       11

-      157

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

3,341,220

+    7,982

+  581,503

Securities held outright1

3,141,976

+    8,086

+  520,631

U.S. Treasury securities

1,906,079

+    8,069

+  245,921

Bills2

         0

         0

-   18,423

Notes and bonds, nominal2

1,810,417

+    6,677

+  244,799

Notes and bonds, inflation-indexed2

    83,026

+    1,380

+   16,456

Inflation compensation3

    12,636

+       12

+    3,089

Federal agency debt securities2

    70,890

         0

-   22,362

Mortgage-backed securities4

1,165,008

+       17

+  297,074

Unamortized premiums on securities held outright5

   200,925

+        3

+   65,671

Unamortized discounts on securities held outright5

    -2,062

-      160

+      195

Repurchase agreements6

         0

         0

         0

Loans

       380

+       53

-    4,995

Net portfolio holdings of Maiden Lane LLC7

     1,425

+        1

-    2,455

Net portfolio holdings of Maiden Lane II LLC8

        64

         0

+       45

Net portfolio holdings of Maiden Lane III LLC9

        22

         0

-   15,456

Net portfolio holdings of TALF LLC10

       281

-      107

-      560

Items in process of collection

(0)

        92

+        5

-       48

Bank premises

     2,299

+        2

-       63

Central bank liquidity swaps11

     1,771

         0

-   21,543

Foreign currency denominated assets12

    24,222

+      664

-    1,037

Other assets13

    21,231

+    2,102

+    1,541

Total assets

(0)

3,410,842

+   10,659

+  541,771

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
Jun 12, 2013

Change since

Wednesday

Wednesday

Jun 5, 2013

Jun 13, 2012

Liabilities

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

1,146,598

-      922

+   79,377

Reverse repurchase agreements14

    86,277

-    8,002

+    2,858

Deposits

(0)

2,113,610

+   18,824

+  473,439

Term deposits held by depository institutions

    10,496

         0

+    7,443

Other deposits held by depository institutions

2,040,727

+   14,470

+  474,062

U.S. Treasury, General Account

    39,284

-    1,741

+    3,036

Foreign official

     9,711

-    1,471

+    8,138

Other

(0)

    13,391

+    7,566

-   19,240

Deferred availability cash items

(0)

       974

-        6

+       24

Other liabilities and accrued dividends15

     8,414

+      814

-   14,259

Total liabilities

(0)

3,355,872

+   10,708

+  541,439

Capital accounts

Capital paid in

    27,485

-       24

+      166

Surplus

    27,485

-       24

+      166

Other capital accounts

         0

         0

         0

Total capital

    54,969

-       49

+      331

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, June 12, 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

     1,979

        36

        89

       122

       132

       349

       185

       295

        28

        52

       159

       192

       340

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

3,341,220

    87,362

1,852,906

    96,798

    85,322

   207,736

   221,933

   180,538

    53,763

    31,722

    63,212

   129,735

   330,194

Securities held outright1

3,141,976

    82,160

1,742,355

    91,036

    80,243

   195,371

   208,717

   169,781

    50,555

    29,815

    59,443

   122,011

   310,490

U.S. Treasury securities

1,906,079

    49,842

1,056,999

    55,227

    48,679

   118,522

   126,618

   102,998

    30,669

    18,087

    36,061

    74,018

   188,359

Bills2

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Notes and bonds3

1,906,079

    49,842

1,056,999

    55,227

    48,679

   118,522

   126,618

   102,998

    30,669

    18,087

    36,061

    74,018

   188,359

Federal agency debt securities2

    70,890

     1,854

    39,311

     2,054

     1,810

     4,408

     4,709

     3,831

     1,141

       673

     1,341

     2,753

     7,005

Mortgage-backed securities4

1,165,008

    30,464

   646,045

    33,755

    29,753

    72,441

    77,390

    62,953

    18,745

    11,055

    22,041

    45,240

   115,126

Unamortized premiums on securities held outright5

   200,925

     5,254

   111,421

     5,822

     5,131

    12,494

    13,347

    10,857

     3,233

     1,907

     3,801

     7,802

    19,855

Unamortized discounts on securities held outright5

    -2,062

       -54

    -1,143

       -60

       -53

      -128

      -137

      -111

       -33

       -20

       -39

       -80

      -204

Repurchase agreements6

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Loans

       380

         2

       273

         0

         0

         0

         5

        11

         8

        20

         7

         2

        53

Net portfolio holdings of Maiden

Lane LLC7

     1,425

         0

     1,425

         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

        92

         0

         0

         0

         0

         0

        91

         0

         0

         0

         0

         0

         0

Bank premises

     2,299

       120

       430

        72

       113

       229

       213

       201

       129

       101

       250

       235

       206

Central bank liquidity swaps11

     1,771

        87

       566

       137

       138

       372

       101

        50

        15

         7

        18

        28

       251

Foreign currency denominated assets12

    24,222

     1,190

     7,745

     1,873

     1,889

     5,086

     1,380

       691

       202

       101

       245

       384

     3,435

Other assets13

    21,231

       585

    11,296

       752

       553

     1,493

     1,436

     1,140

       371

       256

       420

       864

     2,066

Interdistrict settlement account

         0

-   22,980

+  194,420

-   16,986

-   16,025

-    2,679

-   27,478

-   38,890

-   10,032

-   11,387

-   18,421

-   32,537

+    2,995

Total assets

3,410,842

    66,986

2,074,986

    83,375

    72,871

   213,856

   199,935

   145,241

    44,935

    21,133

    46,345

    99,911

   341,269

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, June 12, 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

1,445,237

    46,622

   553,295

    46,104

    60,329

   108,946

   178,379

    94,623

    36,549

    23,467

    38,757

   101,192

   156,974

Less: Notes held by F.R. Banks

   298,639

    12,635

    94,671

     6,969

     9,388

    12,390

    32,995

    17,612

     4,024

    10,366

    12,862

    51,411

    33,316

Federal Reserve notes, net

1,146,598

    33,987

   458,624

    39,135

    50,941

    96,556

   145,384

    77,011

    32,524

    13,101

    25,895

    49,781

   123,658

Reverse repurchase agreements14

    86,277

     2,256

    47,844

     2,500

     2,203

     5,365

     5,731

     4,662

     1,388

       819

     1,632

     3,350

     8,526

Deposits

2,113,610

    27,900

1,546,417

    37,205

    15,067

    99,606

    44,408

    61,683

    10,392

     6,625

    18,101

    45,600

   200,606

Term deposits held by depository institutions

    10,496

        95

     6,891

       850

         0

        40

       705

       255

         0

        95

       210

       105

     1,250

Other deposits held by depository institutions

2,040,727

    27,803

1,477,372

    36,315

    15,064

    99,448

    43,692

    61,390

    10,391

     6,530

    17,889

    45,494

   199,340

U.S. Treasury, General Account

    39,284

         0

    39,284

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Foreign official

     9,711

         2

     9,684

         3

         3

         8

         2

         1

         0

         0

         0

         1

         6

Other

    13,391

         0

    13,186

        37

         0

       110

         9

        37

         0

         0

         1

         1

        10

Deferred availability cash items

       974

         0

         0

         0

         0

         0

       761

         0

         0

       213

         0

         0

         0

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

     2,184

        71

     1,019

        99

        91

       228

       143

       109

        30

        18

        38

        68

       271

Other liabilities and accrued
dividends16

     6,230

       174

     3,538

       210

       223

       571

       324

       264

       137

       124

       115

       194

       356

Total liabilities

3,355,872

    64,389

2,057,442

    79,150

    68,525

   202,325

   196,751

   143,729

    44,471

    20,899

    45,781

    98,993

   333,417

Capital

Capital paid in

    27,485

     1,299

     8,772

     2,113

     2,173

     5,765

     1,592

       756

       232

       117

       282

       459

     3,926

Surplus

    27,485

     1,299

     8,772

     2,113

     2,173

     5,765

     1,592

       756

       232

       117

       282

       459

     3,926

Other capital

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Total liabilities and capital

3,410,842

    66,986

2,074,986

    83,375

    72,871

   213,856

   199,935

   145,241

    44,935

    21,133

    46,345

    99,911

   341,269

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, June 12, 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

Jun 12, 2013

Federal Reserve notes outstanding

1,445,237

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

   298,639

Federal Reserve notes to be collateralized

1,146,598

Collateral held against Federal Reserve notes

1,146,598

Gold certificate account

    11,037

Special drawing rights certificate account

     5,200

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

1,130,361

Other assets pledged

         0

Memo:

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

3,141,976

Less: Face value of securities under reverse repurchase agreements

    75,785

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

3,066,192

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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