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FEDERAL RESERVE statistical release

H.4.1

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

January 24, 2013

1. Factors Affecting Reserve Balances of Depository Institutions

Millions of dollars

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

Averages of daily figures

Wednesday
Jan 23, 2013

Week ended
Jan 23, 2013

Change from week ended

Jan 16, 2013

Jan 25, 2012

Reserve Bank credit

2,975,640

+   45,964

+   70,466

2,993,726

Securities held outright1

2,738,078

+   41,496

+  136,287

2,754,976

U.S. Treasury securities

1,693,835

+   10,393

+   39,920

1,696,691

Bills2

         0

         0

-   18,423

         0

Notes and bonds, nominal2

1,608,222

+   10,276

+   50,604

1,609,819

Notes and bonds, inflation-indexed2

    74,938

+      198

+    6,520

    76,130

Inflation compensation3

    10,675

-       82

+    1,219

    10,742

Federal agency debt securities2

    75,111

-      908

-   26,387

    75,111

Mortgage-backed securities4

   969,132

+   32,011

+  122,755

   983,174

Repurchase agreements5

       466

+      466

+      466

         0

Loans

       562

-        5

-    7,873

       567

Primary credit

         5

-        4

         0

        13

Secondary credit

         0

         0

         0

         0

Seasonal credit

         3

         0

-        3

         3

Term Asset-Backed Securities Loan Facility6

       554

-        2

-    7,869

       550

Other credit extensions

         0

         0

         0

         0

Net portfolio holdings of Maiden Lane LLC7

     1,417

+        3

-    5,584

     1,417

Net portfolio holdings of Maiden Lane II LLC8

        61

         0

-    9,140

        61

Net portfolio holdings of Maiden Lane III LLC9

        22

         0

-   17,623

        22

Net portfolio holdings of TALF LLC10

       856

         0

+       42

       857

Float

      -609

+       66

+      197

      -921

Central bank liquidity swaps11

     8,071

+        1

-   95,138

     8,071

Other Federal Reserve assets12

   226,715

+    3,937

+   68,830

   228,676

Gold stock

    11,041

         0

         0

    11,041

Special drawing rights certificate account

     5,200

         0

         0

     5,200

Treasury currency outstanding13

    44,859

+       14

+      634

    44,859

Total factors supplying reserve funds

3,036,740

+   45,978

+   71,100

3,054,826

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


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

Millions of dollars

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

Averages of daily figures

Wednesday
Jan 23, 2013

Week ended
Jan 23, 2013

Change from week ended

Jan 16, 2013

Jan 25, 2012

Currency in circulation13

1,156,085

-      241

+   90,595

1,156,390

Reverse repurchase agreements14

    92,406

-      623

+      906

    89,893

Foreign official and international accounts

    92,406

-      623

+      906

    89,893

Others

         0

         0

         0

         0

Treasury cash holdings

       176

+        8

+       31

       183

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

   133,853

+   45,584

-   72,692

   145,553

Term deposits held by depository institutions

     3,036

+    3,036

-       43

     3,036

U.S. Treasury, General Account

    72,207

+   18,187

-   39,029

    81,243

Foreign official

     7,277

+      507

+    7,130

     7,281

Service-related

         0

         0

-    1,979

         0

Required clearing balances

         0

         0

-    1,979

         0

Adjustments to compensate for float

         0

         0

         0

         0

Other

    51,333

+   23,854

-   38,771

    53,993

Other liabilities and capital15

    67,884

-      138

-    4,430

    66,484

Total factors, other than reserve balances,
absorbing reserve funds

1,450,403

+   44,589

+   14,409

1,458,502

Reserve balances with Federal Reserve Banks

1,586,337

+    1,389

+   56,691

1,596,323

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

1.

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

2.

Face value of the securities.

3.

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

4.

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

5.

Cash value of agreements.

6.

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

7.

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

8.

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

9.

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

10.

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

11.

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

12.

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

13.

Estimated.

14.

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

15.

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

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



1A. Memorandum Items

Millions of dollars

Memorandum item

Averages of daily figures

Wednesday
Jan 23, 2013

Week ended
Jan 23, 2013

Change from week ended

Jan 16, 2013

Jan 25, 2012

Securities held in custody for foreign official and international accounts

3,255,167

-    3,429

+  224,910

3,252,376

Marketable U.S. Treasury securities1

2,912,012

-    2,282

+  312,890

2,908,197

Federal agency debt and mortgage-backed securities2

   307,251

-    1,255

-   88,314

   308,105

Other securities3

    35,905

+      109

+      336

    36,074

Securities lent to dealers

     6,618

-      995

-    6,167

    10,312

Overnight facility4

     6,618

-      995

-    6,167

    10,312

U.S. Treasury securities

     6,049

-      967

-    5,781

     9,650

Federal agency debt securities

       569

-       28

-      386

       662

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

1.

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

2.

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

3.

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

4.

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


2. Maturity Distribution of Securities, Loans, and Selected Other Assets and Liabilities, January 23, 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

        19

        47

         0

       501

         0

...

       567

U.S. Treasury securities2

Holdings

         1

         4

        15

   386,809

   874,860

   435,001

1,696,691

Weekly changes

         0

         0

         0

-       12

+    3,338

+    4,480

+    7,805

Federal agency debt securities3

Holdings

         0

     3,058

    17,142

    50,520

     2,044

     2,347

    75,111

Weekly changes

         0

         0

         0

         0

         0

         0

         0

Mortgage-backed securities4

Holdings

         0

         0

         2

         1

     2,546

   980,625

   983,174

Weekly changes

         0

         0

         0

         0

+      170

+   35,396

+   35,566

Asset-backed securities held by
TALF LLC5

         0

         0

         0

         0

         0

         0

         0

Repurchase agreements6

         0

         0

...

...

...

...

         0

Central bank liquidity swaps7

     4,181

     3,890

         0

         0

         0

         0

     8,071

Reverse repurchase agreements6

    89,893

         0

...

...

...

...

    89,893

Term deposits

         0

     3,036

         0

...

...

...

     3,036

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

1.

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

2.

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

3.

Face value.

4.

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

5.

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

6.

Cash value of agreements.

7.

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


3. Supplemental Information on Mortgage-Backed Securities

Millions of dollars

Account name

Wednesday

Jan 23, 2013

Mortgage-backed securities held outright1

   983,174

Commitments to buy mortgage-backed securities2

   100,741

Commitments to sell mortgage-backed securities2

     1,600

Cash and cash equivalents3

         0

1.

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

2.

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

3.

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


4. Information on Principal Accounts of Maiden Lane LLC

Millions of dollars

Account name

Wednesday

Jan 23, 2013

Net portfolio holdings of Maiden Lane LLC1

     1,417

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

         0

Accrued interest payable to the Federal Reserve Bank of New York2

         0

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

         0

1.

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

2.

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

3.

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

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

5. Information on Principal Accounts of Maiden Lane II LLC

Millions of dollars

Account name

Wednesday

Jan 23, 2013

Net portfolio holdings of Maiden Lane II LLC1

        61

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

         0

Accrued interest payable to the Federal Reserve Bank of New York2

         0

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

         0

1.

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

2.

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

3.

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

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


6. Information on Principal Accounts of Maiden Lane III LLC

Millions of dollars

Account name

Wednesday

Jan 23, 2013

Net portfolio holdings of Maiden Lane III LLC1

        22

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

         0

Accrued interest payable to the Federal Reserve Bank of New York2

         0

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

         0

1.

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

2.

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

3.

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

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

7. Information on Principal Accounts of TALF LLC

Millions of dollars

Account name

Wednesday

Jan 23, 2013

Asset-backed securities holdings1

         0

Other investments, net

       857

Net portfolio holdings of TALF LLC

       857

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

         0

Accrued interest payable to the Federal Reserve Bank of New York2

         0

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

       113

1.

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

2.

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

3.

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

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

TALF LLC is a limited liability company formed to purchase and manage any asset-backed securities received by the FRBNY in connection with the decision of a borrower not to repay a TALF loan. TALF LLC has committed, for a fee, to purchase all asset-backed securities received by the FRBNY in conjunction with a TALF loan at a price equal to the TALF loan plus accrued but unpaid interest. Losses on asset-backed securities held by TALF LLC will be offset in the following order: by the commitment fees collected by TALF LLC then by the interest received on investments of TALF LLC. Payments by TALF LLC from the proceeds of its net portfolio holdings will be made in the following order: operating expenses of TALF LLC, principal due to the FRBNY, principal due to the U.S. Treasury, interest due to the FRBNY, and interest due to the U.S. Treasury. Any remaining funds will be shared by the FRBNY and the U.S. Treasury.


8. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Assets, liabilities, and capital

Eliminations from consolidation

Wednesday
Jan 23, 2013

Change since

Wednesday

Wednesday

Jan 16, 2013

Jan 25, 2012

Assets

Gold certificate account

    11,037

         0

         0

Special drawing rights certificate account

     5,200

         0

         0

Coin

     2,170

+       18

-      243

Securities, repurchase agreements, and loans

2,755,543

+   43,365

+  148,713

Securities held outright1

2,754,976

+   43,371

+  156,326

U.S. Treasury securities

1,696,691

+    7,805

+   35,162

Bills2

         0

         0

-   18,423

Notes and bonds, nominal2

1,609,819

+    6,396

+   44,582

Notes and bonds, inflation-indexed2

    76,130

+    1,390

+    7,712

Inflation compensation3

    10,742

+       19

+    1,291

Federal agency debt securities2

    75,111

         0

-   26,387

Mortgage-backed securities4

   983,174

+   35,566

+  147,550

Repurchase agreements5

         0

         0

         0

Loans

       567

-        6

-    7,613

Net portfolio holdings of Maiden Lane LLC6

     1,417

+        1

-    5,531

Net portfolio holdings of Maiden Lane II LLC7

        61

         0

-    9,447

Net portfolio holdings of Maiden Lane III LLC8

        22

         0

-   17,696

Net portfolio holdings of TALF LLC9

       857

+        1

+       38

Items in process of collection

(0)

       280

+      107

+       78

Bank premises

     2,333

+        1

+      150

Central bank liquidity swaps10

     8,071

+        1

-   95,100

Other assets11

   226,343

+    4,428

+   70,502

Total assets

(0)

3,013,333

+   47,921

+   91,464

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


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

Millions of dollars

Assets, liabilities, and capital

Eliminations from consolidation

Wednesday
Jan 23, 2013

Change since

Wednesday

Wednesday

Jan 16, 2013

Jan 25, 2012

Liabilities

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

1,113,879

+    1,061

+   89,203

Reverse repurchase agreements12

    89,893

-      751

+    1,178

Deposits

(0)

1,741,877

+   47,970

+    5,817

Term deposits held by depository institutions

     3,036

+    3,036

-       43

Other deposits held by depository institutions

1,596,324

-    7,962

+   17,081

U.S. Treasury, General Account

    81,243

+    4,066

-   30,695

Foreign official

     7,281

+      132

+    7,156

Other

(0)

    53,993

+   48,698

+   12,318

Deferred availability cash items

(0)

     1,201

+      393

+      185

Other liabilities and accrued dividends13

    11,754

-      755

-    5,846

Total liabilities

(0)

2,958,603

+   47,916

+   90,535

Capital accounts

Capital paid in

    27,365

+        2

+      464

Surplus

    27,365

+        2

+      464

Other capital accounts

         0

         0

         0

Total capital

    54,730

+        5

+      929

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

1.

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

2.

Face value of the securities.

3.

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

4.

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

5.

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

6.

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

7.

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

8.

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

9.

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

10.

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

11.

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

12.

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

13.

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


9. Statement of Condition of Each Federal Reserve Bank, January 23, 2013

Millions of dollars

Assets, liabilities, and capital

Total

Boston

New York

Philadelphia

Cleveland

Richmond

Atlanta

Chicago

St. Louis

Minneapolis

Kansas

Dallas

San

City

Francisco

Assets

Gold certificate account

    11,037

       408

     3,824

       437

       515

       890

     1,337

       839

       313

       192

       315

       725

     1,242

Special drawing rights certificate acct.

     5,200

       196

     1,818

       210

       237

       412

       654

       424

       150

        90

       153

       282

       574

Coin

     2,170

        40

        96

       143

       151

       383

       215

       321

        39

        54

       167

       205

       356

Securities, repurchase agreements,
and loans

2,755,543

    66,913

1,545,140

    91,075

    70,043

   196,088

   166,106

   152,835

    43,071

    25,045

    55,352

   107,045

   236,830

Securities held outright1

2,754,976

    66,913

1,544,590

    91,074

    70,043

   196,076

   166,106

   152,834

    43,071

    25,045

    55,349

   107,045

   236,830

U.S. Treasury securities

1,696,691

    41,209

   951,257

    56,089

    43,137

   120,756

   102,299

    94,125

    26,526

    15,424

    34,087

    65,925

   145,855

Bills2

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Notes and bonds3

1,696,691

    41,209

   951,257

    56,089

    43,137

   120,756

   102,299

    94,125

    26,526

    15,424

    34,087

    65,925

   145,855

Federal agency debt securities2

    75,111

     1,824

    42,111

     2,483

     1,910

     5,346

     4,529

     4,167

     1,174

       683

     1,509

     2,918

     6,457

Mortgage-backed securities4

   983,174

    23,879

   551,221

    32,502

    24,997

    69,974

    59,279

    54,542

    15,371

     8,938

    19,752

    38,201

    84,518

Repurchase agreements5

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Loans

       567

         0

       550

         1

         0

        12

         0

         1

         0

         0

         3

         0

         0

Net portfolio holdings of Maiden

Lane LLC6

     1,417

         0

     1,417

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Net portfolio holdings of Maiden

Lane II LLC7

        61

         0

        61

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Net portfolio holdings of Maiden

Lane III LLC8

        22

         0

        22

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Net portfolio holdings of TALF LLC9

       857

         0

       857

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Items in process of collection

       280

         0

         0

         0

         0

         0

       279

         0

         0

         1

         0

         0

         0

Bank premises

     2,333

       119

       448

        70

       115

       230

       215

       202

       131

       103

       252

       239

       209

Central bank liquidity swaps10

     8,071

       283

     2,604

       700

       597

     1,670

       461

       215

        66

        33

        80

       129

     1,233

Other assets11

   226,343

     5,800

   120,531

     8,829

     6,979

    19,650

    13,598

    11,826

     3,390

     1,983

     4,308

     8,340

    21,108

Interdistrict settlement account

         0

+    2,179

+   52,096

-   16,971

-    7,587

-   61,557

+   18,403

-   19,898

-    1,315

+    1,603

-    8,286

-    4,604

+   45,937

Total assets

3,013,333

    75,938

1,728,913

    84,493

    71,050

   157,764

   201,268

   146,764

    45,847

    29,104

    52,341

   112,362

   307,489

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


9. Statement of Condition of Each Federal Reserve Bank, January 23, 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

1,365,442

    47,490

   486,902

    47,463

    61,265

   103,399

   175,149

    95,080

    37,356

    22,733

    37,641

    95,957

   155,005

Less: Notes held by F.R. Banks

   251,564

     7,984

    95,352

     5,105

     9,966

    12,683

    30,531

    14,243

     4,333

     3,806

     8,379

    31,111

    28,072

Federal Reserve notes, net

1,113,879

    39,506

   391,550

    42,359

    51,299

    90,716

   144,619

    80,837

    33,023

    18,927

    29,262

    64,846

   126,933

Reverse repurchase agreements12

    89,893

     2,183

    50,399

     2,972

     2,285

     6,398

     5,420

     4,987

     1,405

       817

     1,806

     3,493

     7,728

Deposits

1,741,877

    31,272

1,262,610

    34,570

    12,877

    48,292

    46,371

    58,782

    10,741

     8,854

    20,490

    42,729

   164,288

Term deposits held by depository institutions

     3,036

         5

     1,542

       637

         0

        40

       500

         5

         0

       105

         1

         5

       196

Other deposits held by depository institutions

1,596,324

    31,265

1,118,798

    33,922

    12,874

    48,072

    45,861

    58,749

    10,740

     8,749

    20,487

    42,721

   164,085

U.S. Treasury, General Account

    81,243

         0

    81,243

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Foreign official

     7,281

         1

     7,254

         3

         3

         8

         2

         1

         0

         0

         0

         1

         6

Other

    53,993

         0

    53,773

         8

         0

       171

         7

        27

         0

         0

         1

         3

         1

Deferred availability cash items

     1,201

         0

         0

         0

         0

         0

     1,093

         0

         0

       108

         0

         0

         0

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

     1,051

        15

       692

        21

        16

        38

        50

        58

        11

         4

        21

        40

        84

Other liabilities and accrued
dividends14

    10,703

       271

     6,171

       338

       303

       828

       599

       538

       207

       160

       208

       384

       696

Total liabilities

2,958,603

    73,248

1,711,422

    80,260

    66,782

   146,272

   198,151

   145,202

    45,387

    28,872

    51,787

   111,492

   299,729

Capital

Capital paid in

    27,365

     1,345

     8,745

     2,116

     2,134

     5,746

     1,559

       781

       230

       116

       277

       435

     3,880

Surplus

    27,365

     1,345

     8,745

     2,116

     2,134

     5,746

     1,559

       781

       230

       116

       277

       435

     3,880

Other capital

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Total liabilities and capital

3,013,333

    75,938

1,728,913

    84,493

    71,050

   157,764

   201,268

   146,764

    45,847

    29,104

    52,341

   112,362

   307,489

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


9. Statement of Condition of Each Federal Reserve Bank, January 23, 2013 (continued)

1.

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

2.

Face value of the securities.

3.

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

4.

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

5.

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

6.

Refer to table 4 and the note on consolidation below.

7.

Refer to table 5 and the note on consolidation below.

8.

Refer to table 6 and the note on consolidation below.

9.

Refer to table 7 and the note on consolidation below.

10.

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

11.

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

12.

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

13.

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

14.

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

Note on consolidation:

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

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

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

Millions of dollars

Federal Reserve notes and collateral

Wednesday

Jan 23, 2013

Federal Reserve notes outstanding

1,365,442

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

   251,564

Federal Reserve notes to be collateralized

1,113,879

Collateral held against Federal Reserve notes

1,113,879

Gold certificate account

    11,037

Special drawing rights certificate account

     5,200

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

1,097,642

Other assets pledged

         0

Memo:

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

2,754,976

Less: Face value of securities under reverse repurchase agreements

    77,239

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

2,677,737

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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