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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

July 25, 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
Jul 24, 2013

Week ended
Jul 24, 2013

Change from week ended

Jul 17, 2013

Jul 25, 2012

Reserve Bank credit

3,516,577

+   38,996

+  702,704

3,531,877

Securities held outright1

3,282,660

+   37,647

+  675,499

3,297,452

U.S. Treasury securities

1,963,988

+    5,301

+  313,240

1,970,003

Bills2

         0

         0

-    5,938

         0

Notes and bonds, nominal2

1,866,697

+    5,037

+  300,874

1,872,698

Notes and bonds, inflation-indexed2

    84,406

+      197

+   15,320

    84,406

Inflation compensation3

    12,885

+       66

+    2,984

    12,899

Federal agency debt securities2

    66,521

-      454

-   24,508

    66,521

Mortgage-backed securities4

1,252,151

+   32,801

+  386,767

1,260,928

Unamortized premiums on securities held outright5

   204,621

+      380

+   61,449

   204,717

Unamortized discounts on securities held outright5

    -2,954

-      205

-      897

    -3,031

Repurchase agreements6

         0

         0

         0

         0

Loans

       361

-        4

-    3,469

       344

Primary credit

        10

-        3

-        7

         2

Secondary credit

         0

         0

         0

         0

Seasonal credit

       116

+        6

+        6

       126

Term Asset-Backed Securities Loan Facility7

       236

-        6

-    3,468

       215

Other credit extensions

         0

         0

         0

         0

Net portfolio holdings of Maiden Lane LLC8

     1,414

-        1

-      621

     1,414

Net portfolio holdings of Maiden Lane II LLC9

        64

         0

+       40

        64

Net portfolio holdings of Maiden Lane III LLC10

        22

         0

-    6,283

        22

Net portfolio holdings of TALF LLC11

       268

         0

-      580

       268

Float

      -637

+      142

-       39

      -772

Central bank liquidity swaps12

     1,480

+        1

-   25,752

     1,480

Other Federal Reserve assets13

    29,276

+    1,033

+    3,356

    29,918

Foreign currency denominated assets14

    23,558

+       40

-    1,385

    23,623

Gold stock

    11,041

         0

         0

    11,041

Special drawing rights certificate account

     5,200

         0

         0

     5,200

Treasury currency outstanding15

    45,197

+       14

+      645

    45,197

Total factors supplying reserve funds

3,601,572

+   39,048

+  701,963

3,616,938

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
Jul 24, 2013

Week ended
Jul 24, 2013

Change from week ended

Jul 17, 2013

Jul 25, 2012

Currency in circulation15

1,194,261

-    2,153

+   83,340

1,195,080

Reverse repurchase agreements16

    87,254

-    5,171

+    2,348

    85,555

Foreign official and international accounts

    87,254

-    5,171

+    2,348

    85,555

Others

         0

         0

         0

         0

Treasury cash holdings

       128

+        9

+       10

       135

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

   160,336

+   42,521

+   75,638

   173,391

Term deposits held by depository institutions

    11,913

+   11,913

+    8,873

    11,913

U.S. Treasury, General Account

    58,403

-   11,755

+   12,866

    50,966

Foreign official

    10,104

+      160

+    7,540

    10,410

Other

    79,916

+   42,202

+   46,359

   100,102

Other liabilities and capital17

    64,673

+    1,212

-    2,792

    63,450

Total factors, other than reserve balances,
absorbing reserve funds

1,506,653

+   36,419

+  158,545

1,517,611

Reserve balances with Federal Reserve Banks

2,094,920

+    2,631

+  543,419

2,099,328

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

1.

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

2.

Face value of the securities.

3.

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

4.

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

5.

Reflects the premium or discount, which is the difference between the purchase price and the face value of the securities that has not been amortized.  For U.S. Treasury and Federal agency debt securities, amortization is on a straight-line basis.  For mortgage-backed securities, amortization is on an effective-interest basis.

6.

Cash value of agreements.

7.

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

8.

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

9.

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

10.

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

11.

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

12.

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

13.

Includes accrued interest, which represents the daily accumulation of interest earned, and other accounts receivable.  Also, includes Reserve Bank premises and equipment net of allowances for depreciation.

14.

Revalued daily at current foreign currency exchange rates.

15.

Estimated.

16.

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

17.

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

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



1A. Memorandum Items

Millions of dollars

Memorandum item

Averages of daily figures

Wednesday
Jul 24, 2013

Week ended
Jul 24, 2013

Change from week ended

Jul 17, 2013

Jul 25, 2012

Securities held in custody for foreign official and international accounts

3,269,989

-    8,294

+  144,270

3,274,663

Marketable U.S. Treasury securities1

2,930,136

-   11,877

+  176,154

2,925,551

Federal agency debt and mortgage-backed securities2

   302,982

+    4,321

-   31,058

   312,178

Other securities3

    36,872

-      737

-      825

    36,934

Securities lent to dealers

    10,795

+      189

+    2,110

     7,805

Overnight facility4

    10,795

+      189

+    2,110

     7,805

U.S. Treasury securities

    10,021

+      190

+    2,145

     7,058

Federal agency debt securities

       774

-        1

-       35

       747

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, July 24, 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

       105

        24

        16

       199

         0

...

       344

U.S. Treasury securities2

Holdings

         1

         3

       342

   570,939

   886,154

   512,565

1,970,003

Weekly changes

         0

         0

         0

+        5

+    6,836

+    1,492

+    8,332

Federal agency debt securities3

Holdings

         0

     7,441

    16,430

    40,241

        62

     2,347

    66,521

Weekly changes

         0

+    1,085

-    1,085

         0

         0

         0

         0

Mortgage-backed securities4

Holdings

         0

         0

         0

         1

     2,618

1,258,308

1,260,928

Weekly changes

         0

         0

         0

         0

+        1

+   26,390

+   26,391

Asset-backed securities held by
TALF LLC5

         0

         0

         0

         0

         0

         0

         0

Repurchase agreements6

         0

         0

...

...

...

...

         0

Central bank liquidity swaps7

         1

     1,479

         0

         0

         0

         0

     1,480

Reverse repurchase agreements6

    85,555

         0

...

...

...

...

    85,555

Term deposits

         0

    11,913

         0

...

...

...

    11,913

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

Jul 24, 2013

Mortgage-backed securities held outright1

1,260,928

Commitments to buy mortgage-backed securities2

    73,410

Commitments to sell mortgage-backed securities2

         0

Cash and cash equivalents3

        85

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

Jul 24, 2013

Net portfolio holdings of Maiden Lane LLC1

     1,414

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

         0

Accrued interest payable to the Federal Reserve Bank of New York2

         0

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

         0

1.

Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of March 31, 2013. Any assets purchased after
this valuation date are initially recorded at cost until their estimated fair value as of the purchase date becomes available.

2.

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

3.

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

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

5. Information on Principal Accounts of Maiden Lane II LLC

Millions of dollars

Account name

Wednesday

Jul 24, 2013

Net portfolio holdings of Maiden Lane II LLC1

        64

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

         0

Accrued interest payable to the Federal Reserve Bank of New York2

         0

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

         0

1.

Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of March 31, 2013. Any assets purchased after
this valuation date are initially recorded at cost until their estimated fair value as of the purchase date becomes available.

2.

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

3.

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

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


6. Information on Principal Accounts of Maiden Lane III LLC

Millions of dollars

Account name

Wednesday

Jul 24, 2013

Net portfolio holdings of Maiden Lane III LLC1

        22

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

         0

Accrued interest payable to the Federal Reserve Bank of New York2

         0

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

         0

1.

Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of March 31, 2013. Any assets purchased after
this valuation date are initially recorded at cost until their estimated fair value as of the purchase date becomes available.

2.

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

3.

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

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

7. Information on Principal Accounts of TALF LLC

Millions of dollars

Account name

Wednesday

Jul 24, 2013

Asset-backed securities holdings1

         0

Other investments, net

       268

Net portfolio holdings of TALF LLC

       268

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

         0

Accrued interest payable to the Federal Reserve Bank of New York2

         0

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

         0

1.

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

2.

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

3.

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

Note: On November 25, 2008, the Federal Reserve announced the creation of the Term Asset-Backed Securities Loan Facility (TALF) under the authority of section 13(3) of the Federal Reserve Act. The TALF is a facility under which the Federal Reserve Bank of New York (FRBNY) 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 from consolidation

Wednesday
Jul 24, 2013

Change since

Wednesday

Wednesday

Jul 17, 2013

Jul 25, 2012

Assets

Gold certificate account

    11,037

         0

         0

Special drawing rights certificate account

     5,200

         0

         0

Coin

     1,973

-        5

-      137

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

3,499,482

+   34,794

+  758,563

Securities held outright1

3,297,452

+   34,722

+  701,629

U.S. Treasury securities

1,970,003

+    8,332

+  318,571

Bills2

         0

         0

-    5,938

Notes and bonds, nominal2

1,872,698

+    8,293

+  306,183

Notes and bonds, inflation-indexed2

    84,406

         0

+   15,320

Inflation compensation3

    12,899

+       39

+    3,005

Federal agency debt securities2

    66,521

         0

-   24,508

Mortgage-backed securities4

1,260,928

+   26,391

+  407,566

Unamortized premiums on securities held outright5

   204,717

+      209

+   61,272

Unamortized discounts on securities held outright5

    -3,031

-      118

-      988

Repurchase agreements6

         0

         0

         0

Loans

       344

-       21

-    3,349

Net portfolio holdings of Maiden Lane LLC7

     1,414

         0

-      667

Net portfolio holdings of Maiden Lane II LLC8

        64

         0

+        3

Net portfolio holdings of Maiden Lane III LLC9

        22

         0

-    7,133

Net portfolio holdings of TALF LLC10

       268

         0

-      580

Items in process of collection

(0)

        91

-       19

-       56

Bank premises

     2,296

+        2

-       64

Central bank liquidity swaps11

     1,480

+        1

-   25,752

Foreign currency denominated assets12

    23,623

+       99

-    1,322

Other assets13

    27,624

+    1,841

+    4,963

Total assets

(0)

3,574,574

+   36,713

+  727,817

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
Jul 24, 2013

Change since

Wednesday

Wednesday

Jul 17, 2013

Jul 25, 2012

Liabilities

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

1,151,986

-      605

+   82,273

Reverse repurchase agreements14

    85,555

-    2,964

-    1,946

Deposits

(0)

2,272,721

+   40,112

+  650,577

Term deposits held by depository institutions

    11,913

+   11,913

+    8,873

Other deposits held by depository institutions

2,099,329

-   41,108

+  531,462

U.S. Treasury, General Account

    50,966

-   16,199

+   12,708

Foreign official

    10,410

+      466

+    7,845

Other

(0)

   100,102

+   85,038

+   89,688

Deferred availability cash items

(0)

       863

+       20

+       65

Other liabilities and accrued dividends15

     8,417

+      148

-    3,505

Total liabilities

(0)

3,519,542

+   36,712

+  727,464

Capital accounts

Capital paid in

    27,516

         0

+      177

Surplus

    27,516

         0

+      177

Other capital accounts

         0

         0

         0

Total capital

    55,032

+        1

+      354

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

1.

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

2.

Face value of the securities.

3.

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

4.

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

5.

Reflects the premium or discount, which is the difference between the purchase price and the face value of the securities that has not been amortized.  For U.S. Treasury and Federal agency debt securities, amortization is on a straight-line basis.  For mortgage-backed securities, amortization is on an effective-interest basis.

6.

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

7.

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

8.

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

9.

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

10.

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

11.

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

12.

Revalued daily at current foreign currency exchange rates.

13.

Includes accrued interest, which represents the daily accumulation of interest earned, and other accounts receivable.

14.

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

15.

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


9. Statement of Condition of Each Federal Reserve Bank, July 24, 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

     1,973

        32

        84

       121

       137

       335

       196

       288

        29

        48

       160

       197

       345

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

3,499,482

    91,499

1,940,631

   101,385

    89,364

   217,579

   232,466

   189,109

    56,322

    33,234

    66,217

   135,889

   345,787

Securities held outright1

3,297,452

    86,225

1,828,572

    95,541

    84,214

   205,038

   219,045

   178,183

    53,057

    31,290

    62,384

   128,048

   325,854

U.S. Treasury securities

1,970,003

    51,514

1,092,448

    57,079

    50,312

   122,496

   130,865

   106,452

    31,698

    18,694

    37,270

    76,500

   194,676

Bills2

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Notes and bonds3

1,970,003

    51,514

1,092,448

    57,079

    50,312

   122,496

   130,865

   106,452

    31,698

    18,694

    37,270

    76,500

   194,676

Federal agency debt securities2

    66,521

     1,739

    36,889

     1,927

     1,699

     4,136

     4,419

     3,595

     1,070

       631

     1,259

     2,583

     6,574

Mortgage-backed securities4

1,260,928

    32,972

   699,236

    36,534

    32,203

    78,406

    83,762

    68,136

    20,289

    11,965

    23,855

    48,965

   124,605

Unamortized premiums on securities held outright5

   204,717

     5,353

   113,524

     5,932

     5,228

    12,729

    13,599

    11,062

     3,294

     1,943

     3,873

     7,950

    20,230

Unamortized discounts on securities held outright5

    -3,031

       -79

    -1,681

       -88

       -77

      -188

      -201

      -164

       -49

       -29

       -57

      -118

      -300

Repurchase agreements6

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Loans

       344

         0

       215

         0

         0

         0

        22

        28

        20

        30

        18

         8

         2

Net portfolio holdings of Maiden

Lane LLC7

     1,414

         0

     1,414

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Net portfolio holdings of Maiden

Lane II LLC8

        64

         0

        64

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Net portfolio holdings of Maiden

Lane III LLC9

        22

         0

        22

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Net portfolio holdings of TALF LLC10

       268

         0

       268

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Items in process of collection

        91

         0

         0

         0

         0

         0

        86

         0

         0

         5

         0

         0

         0

Bank premises

     2,296

       120

       429

        72

       113

       230

       212

       202

       128

       101

       250

       234

       206

Central bank liquidity swaps11

     1,480

        73

       473

       114

       115

       311

        84

        42

        12

         6

        15

        23

       210

Foreign currency denominated assets12

    23,623

     1,161

     7,554

     1,827

     1,842

     4,960

     1,346

       674

       197

        99

       239

       375

     3,350

Other assets13

    27,624

       759

    14,867

       810

       720

     1,905

     1,848

     1,483

       485

       325

       546

     1,176

     2,700

Interdistrict settlement account

         0

-   28,074

+  308,511

-   29,681

-   22,217

-   41,621

-   45,839

-   50,001

-   15,231

-   14,133

-   22,697

-   37,715

-    1,302

Total assets

3,574,574

    66,157

2,280,061

    75,257

    70,824

   184,967

   192,473

   143,012

    42,404

    19,964

    45,192

   101,189

   353,076

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, July 24, 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

1,473,451

    46,664

   551,884

    45,993

    61,387

   111,627

   181,478

    96,007

    37,078

    23,420

    39,638

   113,502

   164,775

Less: Notes held by F.R. Banks

   321,465

    13,252

    92,809

     8,640

    10,110

    13,954

    34,882

    21,319

     4,780

    10,890

    13,239

    60,468

    37,121

Federal Reserve notes, net

1,151,986

    33,412

   459,075

    37,353

    51,277

    97,673

   146,596

    74,687

    32,297

    12,530

    26,399

    53,034

   127,653

Reverse repurchase agreements14

    85,555

     2,237

    47,444

     2,479

     2,185

     5,320

     5,683

     4,623

     1,377

       812

     1,619

     3,322

     8,455

Deposits

2,272,721

    27,715

1,750,716

    30,982

    12,799

    69,901

    35,900

    61,828

     8,101

     6,048

    16,463

    43,647

   208,621

Term deposits held by depository institutions

    11,913

         5

     8,010

       800

         0

     1,045

       700

       128

         0

        70

       150

         5

     1,000

Other deposits held by depository institutions

2,099,329

    27,707

1,581,395

    30,147

    12,796

    68,799

    35,188

    61,664

     8,101

     5,978

    16,311

    43,639

   207,605

U.S. Treasury, General Account

    50,966

         0

    50,966

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Foreign official

    10,410

         2

    10,383

         3

         3

         8

         2

         1

         0

         0

         0

         1

         6

Other

   100,102

         0

    99,962

        32

         0

        49

        10

        35

         0

         0

         1

         2

        10

Deferred availability cash items

       863

         0

         0

         0

         0

         0

       666

         0

         0

       197

         0

         0

         0

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

     1,486

        33

       847

        25

        32

        79

       105

        89

        26

        16

        32

        63

       140

Other liabilities and accrued
dividends16

     6,931

       161

     4,432

       192

       184

       463

       330

       273

       138

       129

       118

       202

       309

Total liabilities

3,519,542

    63,559

2,262,513

    71,031

    66,478

   173,435

   189,280

   141,501

    41,939

    19,731

    44,630

   100,268

   345,177

Capital

Capital paid in

    27,516

     1,299

     8,774

     2,113

     2,173

     5,766

     1,597

       756

       232

       117

       281

       460

     3,950

Surplus

    27,516

     1,299

     8,774

     2,113

     2,173

     5,766

     1,597

       756

       232

       117

       281

       460

     3,950

Other capital

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Total liabilities and capital

3,574,574

    66,157

2,280,061

    75,257

    70,824

   184,967

   192,473

   143,012

    42,404

    19,964

    45,192

   101,189

   353,076

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, July 24, 2013 (continued)

1.

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

2.

Face value of the securities.

3.

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

4.

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

5.

Reflects the premium or discount, which is the difference between the purchase price and the face value of the securities that has not been amortized.  For U.S. Treasury and Federal agency debt securities, amortization is on a straight-line basis.  For mortgage-backed securities, amortization is on an effective-interest basis.

6.

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

7.

Refer to table 4 and the note on consolidation below.

8.

Refer to table 5 and the note on consolidation below.

9.

Refer to table 6 and the note on consolidation below.

10.

Refer to table 7 and the note on consolidation below.

11.

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

12.

Revalued daily at current foreign currency exchange rates.

13.

Includes accrued interest, which represents the daily accumulation of interest earned, and other accounts receivable.

14.

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

15.

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

16.

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

Note on consolidation:

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

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

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

Millions of dollars

Federal Reserve notes and collateral

Wednesday

Jul 24, 2013

Federal Reserve notes outstanding

1,473,451

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

   321,465

Federal Reserve notes to be collateralized

1,151,986

Collateral held against Federal Reserve notes

1,151,986

Gold certificate account

    11,037

Special drawing rights certificate account

     5,200

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

1,135,749

Other assets pledged

         0

Memo:

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

3,297,452

Less: Face value of securities under reverse repurchase agreements

    76,558

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

3,220,895

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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