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Release Date: Thursday, December 12, 2013
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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

December 12, 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
Dec 11, 2013

Week ended
Dec 11, 2013

Change from week ended

Dec 4, 2013

Dec 12, 2012

Reserve Bank credit

3,905,469

+   21,079

+1,073,824

3,950,970

Securities held outright1

3,682,264

+   19,280

+1,051,357

3,725,907

U.S. Treasury securities

2,178,018

+   13,266

+  516,498

2,185,719

Bills2

         0

         0

         0

         0

Notes and bonds, nominal2

2,074,152

+   13,120

+  497,053

2,080,640

Notes and bonds, inflation-indexed2

    90,179

+      200

+   16,636

    91,379

Inflation compensation3

    13,686

-       55

+    2,808

    13,700

Federal agency debt securities2

    58,208

-      164

-   21,075

    57,221

Mortgage-backed securities4

1,446,039

+    6,179

+  555,935

1,482,966

Unamortized premiums on securities held outright5

   207,887

+      291

+   41,266

   209,015

Unamortized discounts on securities held outright5

   -10,735

-      483

-    9,205

   -11,111

Repurchase agreements6

         0

         0

         0

         0

Loans

       169

+        3

-      756

       173

Primary credit

        13

+        9

+        8

        13

Secondary credit

         0

         0

         0

         0

Seasonal credit

        58

-        5

+       37

        62

Term Asset-Backed Securities Loan Facility7

        98

         0

-      801

        98

Other credit extensions

         0

         0

         0

         0

Net portfolio holdings of Maiden Lane LLC8

     1,520

+        3

+       86

     1,520

Net portfolio holdings of Maiden Lane II LLC9

        63

         0

+        2

        63

Net portfolio holdings of Maiden Lane III LLC10

        22

         0

         0

        22

Net portfolio holdings of TALF LLC11

       109

-        1

-      747

       109

Float

      -661

+       97

+      117

      -628

Central bank liquidity swaps12

       272

         0

-   12,096

       272

Other Federal Reserve assets13

    24,559

+    1,889

+    3,800

    25,628

Foreign currency denominated assets14

    23,966

+       83

-    1,309

    24,079

Gold stock

    11,041

         0

         0

    11,041

Special drawing rights certificate account

     5,200

         0

         0

     5,200

Treasury currency outstanding15

    45,474

+       14

+      730

    45,474

Total factors supplying reserve funds

3,991,150

+   21,176

+1,073,245

4,036,765

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
Dec 11, 2013

Week ended
Dec 11, 2013

Change from week ended

Dec 4, 2013

Dec 12, 2012

Currency in circulation15

1,227,537

-      467

+   72,790

1,229,746

Reverse repurchase agreements16

   112,895

-    3,682

+   14,609

   135,741

Foreign official and international accounts

   100,398

-    2,177

+    2,434

   101,280

Others

    12,497

-    1,504

+   12,176

    34,461

Treasury cash holdings

       229

+        4

+       85

       226

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

    62,172

-    6,852

-   13,999

    62,783

Term deposits held by depository institutions

    13,532

         0

+   13,532

    13,532

U.S. Treasury, General Account

    28,992

-    8,955

-    9,988

    21,490

Foreign official

     8,127

-      608

+    2,172

     7,971

Other

    11,521

+    2,710

-   19,715

    19,789

Other liabilities and capital17

    64,292

+      757

-    4,048

    67,548

Total factors, other than reserve balances,
absorbing reserve funds

1,467,126

-   10,239

+   69,438

1,496,044

Reserve balances with Federal Reserve Banks

2,524,024

+   31,415

+1,003,807

2,540,722

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
Dec 11, 2013

Week ended
Dec 11, 2013

Change from week ended

Dec 4, 2013

Dec 12, 2012

Securities held in custody for foreign official and international accounts

3,368,015

+    6,840

+  153,094

3,378,505

Marketable U.S. Treasury securities1

3,006,880

+    7,252

+  145,632

3,019,126

Federal agency debt and mortgage-backed securities2

   318,055

-      720

+      111

   316,075

Other securities3

    43,080

+      308

+    7,351

    43,304

Securities lent to dealers

    11,580

-    2,040

+    5,673

    11,556

Overnight facility4

    11,580

-    2,040

+    5,673

    11,556

U.S. Treasury securities

    10,648

-    1,859

+    5,444

    10,711

Federal agency debt securities

       932

-      181

+      230

       845

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, December 11, 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

        18

        56

        65

        34

         0

...

       173

U.S. Treasury securities2

Holdings

         0

       298

       177

   748,015

   864,707

   572,522

2,185,719

Weekly changes

         0

         0

         0

+    5,121

+    6,351

+    4,458

+   15,931

Federal agency debt securities3

Holdings

         0

     5,810

    12,734

    36,268

        62

     2,347

    57,221

Weekly changes

-    1,151

         0

         0

         0

         0

         0

-    1,151

Mortgage-backed securities4

Holdings

         0

         0

         0

         4

     2,593

1,480,369

1,482,966

Weekly changes

         0

         0

         0

         0

         0

+   43,102

+   43,102

Asset-backed securities held by
TALF LLC5

         0

         0

         0

         0

         0

         0

         0

Repurchase agreements6

         0

         0

...

...

...

...

         0

Central bank liquidity swaps7

         0

       272

         0

         0

         0

         0

       272

Reverse repurchase agreements6

   135,741

         0

...

...

...

...

   135,741

Term deposits

    13,532

         0

         0

...

...

...

    13,532

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

Dec 11, 2013

Mortgage-backed securities held outright1

1,482,966

Commitments to buy mortgage-backed securities2

    47,351

Commitments to sell mortgage-backed securities2

         0

Cash and cash equivalents3

       138

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

Dec 11, 2013

Net portfolio holdings of Maiden Lane LLC1

     1,520

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, 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

Dec 11, 2013

Net portfolio holdings of Maiden Lane II LLC1

        63

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, 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

Dec 11, 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, 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

Dec 11, 2013

Asset-backed securities holdings1

         0

Other investments, net

       109

Net portfolio holdings of TALF LLC

       109

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
Dec 11, 2013

Change since

Wednesday

Wednesday

Dec 4, 2013

Dec 12, 2012

Assets

Gold certificate account

    11,037

         0

         0

Special drawing rights certificate account

     5,200

         0

         0

Coin

     1,947

+       21

-      179

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

3,923,984

+   58,443

+1,086,671

Securities held outright1

3,725,907

+   57,883

+1,057,016

U.S. Treasury securities

2,185,719

+   15,931

+  524,912

Bills2

         0

         0

         0

Notes and bonds, nominal2

2,080,640

+   14,550

+  505,526

Notes and bonds, inflation-indexed2

    91,379

+    1,400

+   16,639

Inflation compensation3

    13,700

-       19

+    2,747

Federal agency debt securities2

    57,221

-    1,151

-   22,062

Mortgage-backed securities4

1,482,966

+   43,102

+  554,165

Unamortized premiums on securities held outright5

   209,015

+    1,247

+   39,892

Unamortized discounts on securities held outright5

   -11,111

-      699

-    9,582

Repurchase agreements6

         0

         0

         0

Loans

       173

+       12

-      654

Net portfolio holdings of Maiden Lane LLC7

     1,520

+        1

+       86

Net portfolio holdings of Maiden Lane II LLC8

        63

         0

+        2

Net portfolio holdings of Maiden Lane III LLC9

        22

         0

         0

Net portfolio holdings of TALF LLC10

       109

-        1

-      747

Items in process of collection

(0)

        94

         0

-       17

Bank premises

     2,284

         0

-       51

Central bank liquidity swaps11

       272

         0

-   12,096

Foreign currency denominated assets12

    24,079

+      273

-    1,190

Other assets13

    23,344

+    2,591

+    4,216

Total assets

(0)

3,993,955

+   61,329

+1,076,695

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
Dec 11, 2013

Change since

Wednesday

Wednesday

Dec 4, 2013

Dec 12, 2012

Liabilities

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

1,186,440

+    1,180

+   72,913

Reverse repurchase agreements14

   135,741

+   26,149

+   33,297

Deposits

(0)

2,603,505

+   29,095

+  978,306

Term deposits held by depository institutions

    13,532

         0

+   13,532

Other deposits held by depository institutions

2,540,722

+   30,096

+  992,493

U.S. Treasury, General Account

    21,490

-   10,889

-    9,909

Foreign official

     7,971

-      763

+    2,130

Other

(0)

    19,789

+   10,650

-   19,941

Deferred availability cash items

(0)

       721

-      117

-      449

Other liabilities and accrued dividends15

    12,567

+    5,020

-    7,626

Total liabilities

(0)

3,938,974

+   61,327

+1,076,440

Capital accounts

Capital paid in

    27,490

         0

+      127

Surplus

    27,490

         0

+      127

Other capital accounts

         0

         0

         0

Total capital

    54,981

+        1

+      255

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, December 11, 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

     1,947

        35

        82

       125

       129

       334

       230

       282

        26

        46

       147

       177

       333

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

3,923,984

   102,604

2,176,014

   113,690

   100,210

   243,986

   260,654

   212,048

    63,146

    37,251

    74,249

   152,371

   387,762

Securities held outright1

3,725,907

    97,429

2,066,168

   107,955

    95,156

   231,680

   247,507

   201,335

    59,951

    35,356

    70,490

   144,686

   368,194

U.S. Treasury securities

2,185,719

    57,154

1,212,071

    63,330

    55,821

   135,910

   145,194

   118,109

    35,169

    20,741

    41,351

    84,877

   215,993

Bills2

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Notes and bonds3

2,185,719

    57,154

1,212,071

    63,330

    55,821

   135,910

   145,194

   118,109

    35,169

    20,741

    41,351

    84,877

   215,993

Federal agency debt securities2

    57,221

     1,496

    31,731

     1,658

     1,461

     3,558

     3,801

     3,092

       921

       543

     1,083

     2,222

     5,655

Mortgage-backed securities4

1,482,966

    38,778

   822,366

    42,968

    37,873

    92,212

    98,511

    80,134

    23,861

    14,072

    28,056

    57,587

   146,547

Unamortized premiums on securities held outright5

   209,015

     5,466

   115,907

     6,056

     5,338

    12,997

    13,885

    11,294

     3,363

     1,983

     3,954

     8,117

    20,655

Unamortized discounts on securities held outright5

   -11,111

      -291

    -6,161

      -322

      -284

      -691

      -738

      -600

      -179

      -105

      -210

      -431

    -1,098

Repurchase agreements6

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Loans

       173

         0

       100

         0

         0

         0

         0

        19

        11

        17

        15

         0

        11

Net portfolio holdings of Maiden

Lane LLC7

     1,520

         0

     1,520

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Net portfolio holdings of Maiden

Lane II LLC8

        63

         0

        63

         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

       109

         0

       109

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Items in process of collection

        94

         0

         0

         0

         0

         0

        93

         0

         0

         0

         0

         0

         0

Bank premises

     2,284

       122

       429

        72

       111

       228

       211

       202

       127

       100

       247

       231

       204

Central bank liquidity swaps11

       272

        13

        87

        21

        21

        57

        15

         8

         2

         1

         3

         4

        39

Foreign currency denominated assets12

    24,079

     1,183

     7,700

     1,862

     1,878

     5,056

     1,372

       687

       201

       101

       244

       382

     3,415

Other assets13

    23,344

       644

    12,515

       710

       603

     1,625

     1,571

     1,259

       426

       282

       462

       960

     2,287

Interdistrict settlement account

         0

-   28,923

+  229,045

-   19,051

-    6,755

-   23,555

-   51,997

-   62,422

-   19,170

-   15,689

-   26,547

-   36,920

+   61,985

Total assets

3,993,955

    76,265

2,433,329

    98,036

    96,946

   228,998

   214,224

   153,280

    45,217

    22,372

    49,266

   118,217

   457,805

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, December 11, 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

1,416,530

    46,333

   518,859

    43,283

    59,845

   107,817

   171,495

    90,163

    35,647

    22,297

    37,276

   119,088

   164,427

Less: Notes held by F.R. Banks

   230,089

    10,566

    50,581

     6,727

     6,404

    10,165

    20,470

    17,335

     3,420

     9,664

    10,877

    53,849

    30,030

Federal Reserve notes, net

1,186,440

    35,767

   468,278

    36,556

    53,441

    97,652

   151,025

    72,828

    32,227

    12,633

    26,399

    65,239

   134,397

Reverse repurchase agreements14

   135,741

     3,549

    75,274

     3,933

     3,467

     8,440

     9,017

     7,335

     2,184

     1,288

     2,568

     5,271

    13,414

Deposits

2,603,505

    34,095

1,865,238

    52,986

    35,258

   110,416

    49,651

    70,985

    10,101

     7,918

    19,482

    46,352

   301,023

Term deposits held by depository institutions

    13,532

         5

    10,290

         0

         0

        25

       500

     1,105

        10

       102

        90

       105

     1,300

Other deposits held by depository institutions

2,540,722

    34,087

1,806,034

    52,963

    35,255

   110,155

    49,139

    69,856

    10,090

     7,817

    19,387

    46,244

   299,695

U.S. Treasury, General Account

    21,490

         0

    21,490

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Foreign official

     7,971

         2

     7,944

         3

         3

         8

         2

         1

         0

         0

         0

         1

         6

Other

    19,789

         1

    19,480

        20

         0

       227

        10

        23

         1

         0

         4

         3

        22

Deferred availability cash items

       721

         0

         0

         0

         0

         0

       613

         0

         0

       108

         0

         0

         0

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

     2,094

        61

     1,099

        73

        67

       166

       139

       112

        32

        19

        37

        76

       214

Other liabilities and accrued
dividends16

    10,472

       290

     5,772

       352

       339

       852

       618

       502

       211

       173

       201

       366

       796

Total liabilities

3,938,974

    73,763

2,415,661

    93,899

    92,571

   217,526

   211,063

   151,761

    44,755

    22,139

    48,687

   117,305

   449,844

Capital

Capital paid in

    27,490

     1,251

     8,834

     2,068

     2,188

     5,736

     1,580

       759

       231

       116

       290

       456

     3,981

Surplus

    27,490

     1,251

     8,834

     2,068

     2,188

     5,736

     1,580

       759

       231

       116

       290

       456

     3,981

Other capital

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Total liabilities and capital

3,993,955

    76,265

2,433,329

    98,036

    96,946

   228,998

   214,224

   153,280

    45,217

    22,372

    49,266

   118,217

   457,805

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, December 11, 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

Dec 11, 2013

Federal Reserve notes outstanding

1,416,530

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

   230,089

Federal Reserve notes to be collateralized

1,186,440

Collateral held against Federal Reserve notes

1,186,440

Gold certificate account

    11,037

Special drawing rights certificate account

     5,200

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

1,170,203

Other assets pledged

         0

Memo:

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

3,725,907

Less: Face value of securities under reverse repurchase agreements

    126,454

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

3,599,453

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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