Federal Reserve Statistical Release, H.4.1, Factors Affecting Reserve Balances; title with eagle logo links to Statistical Release home page
Release Date: November 21, 2013
Release dates | Data Download Program (DDP) | About | Announcements | Technical Q&As
Current release  Other formats: Screen reader | ASCII | PDF (21 KB)
Try data download now image link
FEDERAL RESERVE statistical release

For Release at
4:30 P.M. EDT
June 12, 2014

Table 10 line items “Less: Face value of securities under reverse repurchase agreements” and “U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged” have been corrected to include securities pledged as collateral for tri-party reverse repurchase agreements. 
The revised data are reported at the following link: http://www.federalreserve.gov/releases/h41/2014update.htm.
Historical data incorporating this correction can be accessed through the Data Download Program (DDP) at http://www.federalreserve.gov/datadownload/Choose.aspx?rel=H41. 

FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and     
Condition Statement of Federal Reserve Banks                                                November 21, 2013


1. Factors Affecting Reserve Balances of Depository Institutions
Millions of dollars
Reserve Bank credit, related items, and                          Averages of daily figures         Wednesday  
reserve balances of depository institutions at             Week ended    Change from week ended  Nov 20, 2013 
Federal Reserve Banks                                     Nov 20, 2013 Nov 13, 2013 Nov 21, 2012              

Reserve Bank credit                                         3,857,198   +   35,068   +1,044,623    3,863,833  
  Securities held outright (1)                              3,634,882   +   44,542   +1,017,078    3,643,215  
    U.S. Treasury securities                                2,143,543   +   11,814   +  492,502    2,150,957  
      Bills (2)                                                     0            0            0            0  
      Notes and bonds, nominal (2)                          2,039,862   +   10,347   +  472,898    2,047,265  
      Notes and bonds, inflation-indexed (2)                   89,979   +    1,390   +   16,635       89,979  
      Inflation compensation (3)                               13,703   +       79   +    2,970       13,713  
    Federal agency debt securities (2)                         58,473   -      607   -   22,048       58,372  
    Mortgage-backed securities (4)                          1,432,865   +   33,334   +  546,622    1,433,886  
  Unamortized premiums on securities held outright (5)        207,205   +    1,414   +   44,063      207,412  
  Unamortized discounts on securities held outright (5)        -9,479   -      560   -    7,900       -9,766  
  Repurchase agreements (6)                                         0            0            0            0  
  Loans                                                           169   -       23   -      836          166  
    Primary credit                                                  2   -       12   -        3            3  
    Secondary credit                                                0            0            0            0  
    Seasonal credit                                                67   -       11   +       31           64  
    Term Asset-Backed Securities Loan Facility (7)                100            0   -      865          100  
    Other credit extensions                                         0            0            0            0  
  Net portfolio holdings of Maiden Lane LLC (8)                 1,517   +        1   -       37        1,517  
  Net portfolio holdings of Maiden Lane II LLC (9)                 64            0   +        3           63  
  Net portfolio holdings of Maiden Lane III LLC (10)               22            0   -        1           22  
  Net portfolio holdings of TALF LLC (11)                         110            0   -      745          110  
  Float                                                          -688   -       47   +      110         -590  
  Central bank liquidity swaps (12)                               273   +        1   -   11,979          273  
  Other Federal Reserve assets (13)                            23,125   -   10,258   +    4,868       21,412  
Foreign currency denominated assets (14)                       23,944   +       17   -    1,249       23,913  
Gold stock                                                     11,041            0            0       11,041  
Special drawing rights certificate account                      5,200            0            0        5,200  
Treasury currency outstanding (15)                             45,432   +       14   +      710       45,432  
                                                                                                              
Total factors supplying reserve funds                       3,942,816   +   35,100   +1,044,085    3,949,419  

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                          Averages of daily figures         Wednesday  
reserve balances of depository institutions at             Week ended    Change from week ended  Nov 20, 2013 
Federal Reserve Banks                                     Nov 20, 2013 Nov 13, 2013 Nov 21, 2012              

Currency in circulation (15)                                 1,220,210   -    1,862   +   70,428    1,220,204 
Reverse repurchase agreements (16)                             104,734   +    1,258   +   10,967      106,473 
  Foreign official and international accounts                  102,465   +    1,184   +    8,698      100,352 
  Others                                                         2,270   +       75   +    2,270        6,121 
Treasury cash holdings                                             208   -        1   +       65          214 
Deposits with F.R. Banks, other than reserve balances           79,738   +   11,875   -    3,427       89,076 
  Term deposits held by depository institutions                      0            0   -    3,043            0 
  U.S. Treasury, General Account                                49,446   +    3,807   +   25,013       47,871 
  Foreign official                                               8,733   +       72   +    2,213        8,735 
  Other                                                         21,559   +    7,996   -   27,609       32,470 
Other liabilities and capital (17)                              64,375   -      607   -    3,877       63,274 
                                                                                                              
Total factors, other than reserve balances,               
    absorbing reserve funds                                  1,469,264   +   10,662   +   74,155    1,479,240 
                                                                                                              
Reserve balances with Federal Reserve Banks                  2,473,552   +   24,438   +  969,930    2,470,180 

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. The current face value shown is the              
    remaining principal balance of the securities.                                                      
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  
                                                           Week ended    Change from week ended  Nov 20, 2013 
                                                          Nov 20, 2013 Nov 13, 2013 Nov 21, 2012              

Securities held in custody for foreign official and       
     international accounts                                  3,334,311   +   10,014   +  135,489    3,339,592 
  Marketable U.S. Treasury securities (1)                    2,974,653   +   12,370   +  130,207    2,980,729 
  Federal agency debt and mortgage-backed securities (2)       316,833   -    2,850   -    1,531      315,661 
  Other securities (3)                                          42,826   +      495   +    6,815       43,202 
Securities lent to dealers                                      10,973   +      883   +    3,664       11,595 
  Overnight facility (4)                                        10,973   +      883   +    3,664       11,595 
    U.S. Treasury securities                                     9,865   +      858   +    3,155       10,503 
    Federal agency debt securities                               1,108   +       25   +      509        1,092 

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 securities.                                               
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, November 20, 2013   

Millions of dollars
Remaining Maturity                     Within 15     16 days to    91 days to   Over 1 year   Over 5 year     Over 10         All      
                                          days        90 days        1 year      to 5 years   to 10 years      years                   

Loans (1)                                       66             0            63            36             0           ...           166 
U.S. Treasury securities (2)                                                                                                           
  Holdings                                       1             3           472       721,540       867,998       560,944     2,150,957 
  Weekly changes                                 0    -        1    +       88    +   33,259    -   23,279    +    3,854    +   13,920 
Federal agency debt securities (3)                                                                                                     
  Holdings                                       0         6,961        12,734        36,268            62         2,347        58,372 
  Weekly changes                        -      708             0    +    1,023    -    1,023             0             0    -      708 
Mortgage-backed securities (4)                                                                                                         
  Holdings                                       0             0             1             3         2,587     1,431,295     1,433,886 
  Weekly changes                                 0             0             0             0    -        4    -      664    -      667 
Asset-backed securities held by      
  TALF LLC (5)                                   0             0             0             0             0             0             0 
Repurchase agreements (6)                        0             0           ...           ...           ...           ...             0 
Central bank liquidity swaps (7)                29           244             0             0             0             0           273 
                                                                                                                                       
Reverse repurchase agreements (6)          106,473             0           ...           ...           ...           ...       106,473 
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. The current face value shown is the              
    remaining principal balance of the securities.                                                      
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   
                                                                                                                      Nov 20, 2013  

Mortgage-backed securities held outright (1)                                                                             1,433,886  
                                                                                                                                    
Commitments to buy mortgage-backed securities (2)                                                                           66,279  
Commitments to sell mortgage-backed securities (2)                                                                           1,650  
                                                                                                                                    
Cash and cash equivalents (3)                                                                                                    8  



1.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the              
    remaining principal balance of the securities.                                                      
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   
                                                                                                                      Nov 20, 2013  

Net portfolio holdings of Maiden Lane LLC (1)                                                                                1,517  
                                                                                                                                    
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                        0  
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                             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, 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   
                                                                                                                      Nov 20, 2013  

Net portfolio holdings of Maiden Lane II LLC (1)                                                                                63  
                                                                                                                                    
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                        0  
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                             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, 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   
                                                                                                                      Nov 20, 2013  

Net portfolio holdings of Maiden Lane III LLC (1)                                                                               22  
                                                                                                                                    
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                        0  
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                             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, 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   
                                                                                                                      Nov 20, 2013  

Asset-backed securities holdings (1)                                                                                             0  
Other investments, net                                                                                                         110  
Net portfolio holdings of TALF LLC                                                                                             110  
                                                                                                                                    
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                        0  
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                             0  
Funding provided by U.S. Treasury to TALF LLC, including accrued interest payable (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.         
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) extended loans with a term of up to five years to
holders of eligible asset-backed securities. The Federal Reserve closed the TALF for new loan extensions in 2010.
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.                                     

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. Prior to January 15, 2013, the U.S. Treasury's
Troubled Asset Relief Program (TARP) committed backup funding to TALF LLC, providing credit protection to the
FRBNY. However, the accumulated fees and income collected through the TALF and held by TALF LLC now exceed the
remaining amount of TALF loans outstanding. Accordingly, the TARP credit protection commitment has been
terminated, and TALF LLC has begun to distribute excess proceeds to the Treasury and the FRBNY. 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     Wednesday         Change since       
                                                             from       Nov 20, 2013   Wednesday    Wednesday  
                                                        consolidation                Nov 13, 2013 Nov 21, 2012 

Assets                                                                                                         
  Gold certificate account                                                   11,037            0            0  
  Special drawing rights certificate account                                  5,200            0            0  
  Coin                                                                        1,961   -        6   -      140  
  Securities, unamortized premiums and discounts,     
     repurchase agreements, and loans                                     3,841,026   +   12,064   +1,047,141  
    Securities held outright (1)                                          3,643,215   +   12,545   +1,012,861  
      U.S. Treasury securities                                            2,150,957   +   13,920   +  500,468  
        Bills (2)                                                                 0            0            0  
        Notes and bonds, nominal (2)                                      2,047,265   +   12,450   +  480,895  
        Notes and bonds, inflation-indexed (2)                               89,979   +    1,390   +   16,635  
        Inflation compensation (3)                                           13,713   +       80   +    2,938  
      Federal agency debt securities (2)                                     58,372   -      708   -   20,911  
      Mortgage-backed securities (4)                                      1,433,886   -      667   +  533,303  
    Unamortized premiums on securities held outright  
    (5)                                                                     207,412   +      263   +   43,288  
    Unamortized discounts on securities held outright 
    (5)                                                                      -9,766   -      732   -    8,192  
    Repurchase agreements (6)                                                     0            0            0  
    Loans                                                                       166   -       11   -      815  
  Net portfolio holdings of Maiden Lane LLC (7)                               1,517            0   +       79  
  Net portfolio holdings of Maiden Lane II LLC (8)                               63   -        1   +        2  
  Net portfolio holdings of Maiden Lane III LLC (9)                              22            0            0  
  Net portfolio holdings of TALF LLC (10)                                       110            0   -      746  
  Items in process of collection                                   (0)           86   -       39   -      113  
  Bank premises                                                               2,288   +        2   -       58  
  Central bank liquidity swaps (11)                                             273   +        1   -   11,979  
  Foreign currency denominated assets (12)                                   23,913   -       70   -    1,210  
  Other assets (13)                                                          19,124   -   12,757   +    2,482  
                                                                                                               
Total assets                                                       (0)    3,906,620   -      804   +1,035,459  

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     Wednesday         Change since       
                                                             from       Nov 20, 2013   Wednesday    Wednesday  
                                                        consolidation                Nov 13, 2013 Nov 21, 2012 

Liabilities                                                                                                    
  Federal Reserve notes, net of F.R. Bank holdings                         1,176,942   -    1,800   +   65,750 
  Reverse repurchase agreements (14)                                         106,473   +      203   +   12,737 
  Deposits                                                          (0)    2,559,256   +    4,981   +  961,528 
    Term deposits held by depository institutions                                  0            0   -    3,043 
    Other deposits held by depository institutions                         2,470,180   -   18,837   +  957,266 
    U.S. Treasury, General Account                                            47,871   +   13,624   +   32,232 
    Foreign official                                                           8,735   +       82   +    2,011 
    Other                                                           (0)       32,470   +   10,112   -   26,938 
  Deferred availability cash items                                  (0)          676   -      635   -      234 
  Other liabilities and accrued dividends (15)                                 8,375   -    3,607   -    4,051 
                                                                                                               
Total liabilities                                                   (0)    3,851,721   -      860   +1,035,730 
                                                                                                               
Capital accounts                                                                                               
  Capital paid in                                                             27,450   +       29   -      135 
  Surplus                                                                     27,450   +       29   -      135 
  Other capital accounts                                                           0            0            0 
                                                                                                               
Total capital                                                                 54,899   +       56   -      271 

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. The current face value shown is the              
    remaining principal balance of the securities.                                                      
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, November 20, 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                                             1,961          32          87          126         131         335         224         282          28          47         145         179         345
  Securities, unamortized premiums and      
     discounts, repurchase agreements,      
     and loans                                 3,841,026     100,435   2,130,014      111,287      98,092     238,828     255,147     207,558      61,810      36,461      72,681     149,159     379,554
    Securities held outright (1)               3,643,215      95,266   2,020,312      105,559      93,044     226,538     242,014     196,866      58,620      34,571      68,926     141,475     360,022
      U.S. Treasury securities                 2,150,957      56,245   1,192,794       62,322      54,933     133,748     142,885     116,230      34,610      20,411      40,694      83,527     212,557
        Bills (2)                                      0           0           0            0           0           0           0           0           0           0           0           0           0
        Notes and bonds (3)                    2,150,957      56,245   1,192,794       62,322      54,933     133,748     142,885     116,230      34,610      20,411      40,694      83,527     212,557
      Federal agency debt securities (2)          58,372       1,526      32,370        1,691       1,491       3,630       3,878       3,154         939         554       1,104       2,267       5,768
      Mortgage-backed securities (4)           1,433,886      37,495     795,148       41,546      36,620      89,160      95,251      77,482      23,072      13,606      27,128      55,681     141,697
    Unamortized premiums on securities held 
      outright (5)                               207,412       5,424     115,019        6,010       5,297      12,897      13,778      11,208       3,337       1,968       3,924       8,054      20,496
    Unamortized discounts on securities     
      held outright (5)                           -9,766        -255      -5,416         -283        -249        -607        -649        -528        -157         -93        -185        -379        -965
    Repurchase agreements (6)                          0           0           0            0           0           0           0           0           0           0           0           0           0
    Loans                                            166           1         100            1           0           0           4          12          10          14          16           9           0
  Net portfolio holdings of Maiden                                                                                                                                                                       
     Lane LLC (7)                                  1,517           0       1,517            0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of Maiden                                                                                                                                                                       
     Lane II LLC (8)                                  63           0          63            0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of Maiden                                                                                                                                                                       
     Lane III LLC (9)                                 22           0          22            0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of TALF LLC (10)            110           0         110            0           0           0           0           0           0           0           0           0           0
  Items in process of collection                      86           0           0            0           0           0          85           0           0           1           0           0           0
  Bank premises                                    2,288         121         429           72         111         229         211         203         127         100         248         232         205
  Central bank liquidity swaps (11)                  273          13          87           21          21          57          16           8           2           1           3           4          39
  Foreign currency denominated assets (12)        23,913       1,175       7,647        1,849       1,865       5,021       1,362         682         199         100         242         379       3,391
  Other assets (13)                               19,124         530      10,119          683         493       1,359       1,273       1,023         347         240         380         816       1,861
  Interdistrict settlement account                     0  -   31,043  +  272,524   -   17,172  -   18,179  -   37,398  -   57,225  -   57,647  -   17,717  -   15,417  -   27,352  -   36,858  +   43,485
                                                                                                                                                                                                         
Total assets                                   3,906,620      71,851   2,428,362       97,474      83,282     209,698     203,168     153,325      45,257      21,813      46,808     114,922     430,660

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, November 20, 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            1,430,989      46,474     528,948      43,120      59,915     109,335     172,654      91,282      35,834      22,596      37,597     117,547     165,686
    Less: Notes held by F.R. Banks               254,046      11,149      62,484       7,474       7,150      11,321      23,344      19,227       3,539       9,975      11,428      54,828      32,127
      Federal Reserve notes, net               1,176,942      35,325     466,464      35,645      52,765      98,013     149,310      72,055      32,295      12,622      26,169      62,719     133,559
  Reverse repurchase agreements (14)             106,473       2,784      59,043       3,085       2,719       6,621       7,073       5,753       1,713       1,010       2,014       4,135      10,522
  Deposits                                     2,559,256      30,977   1,881,209      54,210      23,134      92,852      42,465      73,533      10,586       7,692      17,859      46,820     277,919
    Term deposits held by depository        
        institutions                                   0           0           0           0           0           0           0           0           0           0           0           0           0
    Other deposits held by depository       
        institutions                           2,470,180      30,973   1,792,410      54,181      23,130      92,664      42,454      73,509      10,586       7,692      17,857      46,817     277,907
    U.S. Treasury, General Account                47,871           0      47,871           0           0           0           0           0           0           0           0           0           0
    Foreign official                               8,735           2       8,707           3           3           8           2           1           0           0           0           1           6
    Other                                         32,470           1      32,221          26           0         180          10          23           0           0           1           2           6
  Deferred availability cash items                   676           0           5           0           0           0         578           0           0          92           0           0           0
  Interest on Federal Reserve notes due     
     to U.S. Treasury (15)                         1,596          37         925          38          32          68         112          90          27          16          33          69         151
  Other liabilities and accrued             
     dividends (16)                                6,778         226       3,200         275         272         672         468         375         172         148         153         270         547
                                                                                                                                                                                                        
Total liabilities                              3,851,721      69,349   2,410,847      93,253      78,921     198,226     200,007     151,806      44,793      21,581      46,228     114,012     422,697
                                                                                                                                                                                                        
Capital                                                                                                                                                                                                 
  Capital paid in                                 27,450       1,251       8,758       2,110       2,181       5,736       1,580         759         232         116         290         455       3,981
  Surplus                                         27,450       1,251       8,758       2,110       2,181       5,736       1,580         759         232         116         290         455       3,981
  Other capital                                        0           0           0           0           0           0           0           0           0           0           0           0           0
                                                                                                                                                                                                        
Total liabilities and capital                  3,906,620      71,851   2,428,362      97,474      83,282     209,698     203,168     153,325      45,257      21,813      46,808     114,922     430,660

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, November 20, 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. The current face value shown is the remaining principal balance of the securities.                                                               
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   
                                                                                          Nov 20, 2013  

Federal Reserve notes outstanding                                                            1,430,989  
  Less: Notes held by F.R. Banks not subject to collateralization                              254,046  
    Federal Reserve notes to be collateralized                                               1,176,942  
Collateral held against Federal Reserve notes                                                1,176,942  
  Gold certificate account                                                                      11,037  
  Special drawing rights certificate account                                                     5,200  
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   1,160,705  
  Other assets pledged                                                                               0  
Memo:                                                                                                   
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                       3,643,215  
  Less: Face value of securities under reverse repurchase agreements                            95,872  
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged        3,547,343  

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.                                                                                                 


Release dates | Data Download Program (DDP) | About | Announcements | Technical Q&As
Current release  Other formats: Screen reader | ASCII | PDF (21 KB)

Statistical releases