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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

February 14, 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
Feb 13, 2013

Week ended
Feb 13, 2013

Change from week ended

Feb 6, 2013

Feb 15, 2012

Reserve Bank credit

3,017,744

+   26,103

+   99,721

3,056,203

Securities held outright1

2,776,889

+   23,046

+  171,724

2,812,756

U.S. Treasury securities

1,723,601

+   10,734

+   63,618

1,728,477

Bills2

         0

         0

-   18,423

         0

Notes and bonds, nominal2

1,636,313

+   10,183

+   71,831

1,640,398

Notes and bonds, inflation-indexed2

    76,716

+      586

+    8,750

    77,499

Inflation compensation3

    10,572

-       35

+    1,460

    10,581

Federal agency debt securities2

    74,969

-      142

-   26,529

    74,613

Mortgage-backed securities4

   978,320

+   12,455

+  134,636

1,009,666

Repurchase agreements5

         0

         0

         0

         0

Loans

       487

-       36

-    7,550

       449

Primary credit

         7

-       12

         0

         9

Secondary credit

         0

         0

         0

         0

Seasonal credit

         1

+        1

+        1

         1

Term Asset-Backed Securities Loan Facility6

       480

-       24

-    7,550

       439

Other credit extensions

         0

         0

         0

         0

Net portfolio holdings of Maiden Lane LLC7

     1,404

+        2

-    5,438

     1,401

Net portfolio holdings of Maiden Lane II LLC8

        61

         0

-    6,651

        61

Net portfolio holdings of Maiden Lane III LLC9

        22

         0

-   17,757

        22

Net portfolio holdings of TALF LLC10

       507

-      300

-      312

       507

Float

      -614

+       60

+      343

      -671

Central bank liquidity swaps11

     5,193

+        1

-  103,895

     5,193

Other Federal Reserve assets12

   233,794

+    3,328

+   69,255

   236,486

Gold stock

    11,041

         0

         0

    11,041

Special drawing rights certificate account

     5,200

         0

         0

     5,200

Treasury currency outstanding13

    44,835

+       14

+      589

    44,835

Total factors supplying reserve funds

3,078,820

+   26,117

+  100,310

3,117,279

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
Feb 13, 2013

Week ended
Feb 13, 2013

Change from week ended

Feb 6, 2013

Feb 15, 2012

Currency in circulation13

1,162,396

+    4,793

+   80,765

1,165,418

Reverse repurchase agreements14

    86,461

+      311

-    2,363

    89,055

Foreign official and international accounts

    86,461

+      311

-    2,363

    89,055

Others

         0

         0

         0

         0

Treasury cash holdings

       194

+        3

+       45

       197

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

    79,112

-    9,968

-   19,117

    98,729

Term deposits held by depository institutions

     3,036

         0

+    3,036

     3,036

U.S. Treasury, General Account

    34,908

-   29,371

-   23,141

    42,358

Foreign official

     8,246

+      512

+    8,099

     8,248

Service-related

         0

         0

-    1,970

         0

Required clearing balances

         0

         0

-    1,970

         0

Adjustments to compensate for float

         0

         0

         0

         0

Other

    32,922

+   18,891

-    5,142

    45,087

Other liabilities and capital15

    67,353

+    2,004

-    8,151

    67,199

Total factors, other than reserve balances,
absorbing reserve funds

1,395,516

-    2,856

+   51,178

1,420,599

Reserve balances with Federal Reserve Banks

1,683,304

+   28,973

+   49,132

1,696,681

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
Feb 13, 2013

Week ended
Feb 13, 2013

Change from week ended

Feb 6, 2013

Feb 15, 2012

Securities held in custody for foreign official and international accounts

3,299,903

+   17,872

+  227,400

3,297,346

Marketable U.S. Treasury securities1

2,957,904

+   18,355

+  320,064

2,955,421

Federal agency debt and mortgage-backed securities2

   305,100

-      476

-   92,217

   304,970

Other securities3

    36,898

-        8

-      448

    36,954

Securities lent to dealers

    17,910

+      686

+    2,453

    17,223

Overnight facility4

    17,910

+      686

+    2,453

    17,223

U.S. Treasury securities

    17,237

+      652

+    2,792

    16,415

Federal agency debt securities

       672

+       33

-      341

       808

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, February 13, 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

         9

        47

         0

       393

         0

...

       449

U.S. Treasury securities2

Holdings

         3

         3

        15

   400,297

   881,896

   446,263

1,728,477

Weekly changes

+        2

-        1

         0

-        8

+    6,940

+    4,364

+   11,295

Federal agency debt securities3

Holdings

     1,025

     1,535

    20,642

    47,020

     2,044

     2,347

    74,613

Weekly changes

+      527

-    1,025

         0

         0

         0

         0

-      498

Mortgage-backed securities4

Holdings

         0

         0

         2

         1

     2,514

1,007,149

1,009,666

Weekly changes

         0

         0

         0

         0

         0

+   43,783

+   43,783

Asset-backed securities held by
TALF LLC5

         0

         0

         0

         0

         0

         0

         0

Repurchase agreements6

         0

         0

...

...

...

...

         0

Central bank liquidity swaps7

     4,028

     1,165

         0

         0

         0

         0

     5,193

Reverse repurchase agreements6

    89,055

         0

...

...

...

...

    89,055

Term deposits

     3,036

         0

         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

Feb 13, 2013

Mortgage-backed securities held outright1

1,009,666

Commitments to buy mortgage-backed securities2

   109,414

Commitments to sell mortgage-backed securities2

         0

Cash and cash equivalents3

        16

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

Feb 13, 2013

Net portfolio holdings of Maiden Lane LLC1

     1,401

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 December 31, 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

Feb 13, 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 December 31, 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

Feb 13, 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 December 31, 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

Feb 13, 2013

Asset-backed securities holdings1

         0

Other investments, net

       507

Net portfolio holdings of TALF LLC

       507

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

         0

Accrued interest payable to the Federal Reserve Bank of New York2

         0

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

         0

1.

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

2.

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

3.

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

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

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


8. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Assets, liabilities, and capital

Eliminations from consolidation

Wednesday
Feb 13, 2013

Change since

Wednesday

Wednesday

Feb 6, 2013

Feb 15, 2012

Assets

Gold certificate account

    11,037

         0

         0

Special drawing rights certificate account

     5,200

         0

         0

Coin

     2,224

+       10

-      205

Securities, repurchase agreements, and loans

2,813,205

+   54,520

+  188,835

Securities held outright1

2,812,756

+   54,580

+  196,381

U.S. Treasury securities

1,728,477

+   11,295

+   61,406

Bills2

         0

         0

-   18,423

Notes and bonds, nominal2

1,640,398

+    9,931

+   69,669

Notes and bonds, inflation-indexed2

    77,499

+    1,369

+    8,739

Inflation compensation3

    10,581

-        4

+    1,422

Federal agency debt securities2

    74,613

-      498

-   26,885

Mortgage-backed securities4

1,009,666

+   43,783

+  161,860

Repurchase agreements5

         0

         0

         0

Loans

       449

-       61

-    7,546

Net portfolio holdings of Maiden Lane LLC6

     1,401

-        4

-    5,073

Net portfolio holdings of Maiden Lane II LLC7

        61

         0

-    6,653

Net portfolio holdings of Maiden Lane III LLC8

        22

         0

-   17,572

Net portfolio holdings of TALF LLC9

       507

         0

-      312

Items in process of collection

(0)

       566

-       44

+      541

Bank premises

     2,307

+        1

+      130

Central bank liquidity swaps10

     5,193

+        1

-  103,895

Other assets11

   234,179

+    4,767

+   79,863

Total assets

(0)

3,075,901

+   59,250

+  135,657

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
Feb 13, 2013

Change since

Wednesday

Wednesday

Feb 6, 2013

Feb 15, 2012

Liabilities

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

1,122,999

+    4,405

+   78,740

Reverse repurchase agreements12

    89,055

+    4,526

+    1,938

Deposits

(0)

1,795,410

+   48,273

+   61,771

Term deposits held by depository institutions

     3,036

         0

+    3,036

Other deposits held by depository institutions

1,696,681

+   28,966

+   22,844

U.S. Treasury, General Account

    42,358

-    5,779

-    7,708

Foreign official

     8,248

+      154

+    7,979

Other

(0)

    45,087

+   24,932

+   35,620

Deferred availability cash items

(0)

     1,237

-      135

+      126

Other liabilities and accrued dividends13

    12,220

+    2,012

-    7,349

Total liabilities

(0)

3,020,922

+   59,082

+  135,226

Capital accounts

Capital paid in

    27,490

+       84

+      216

Surplus

    27,490

+       84

+      216

Other capital accounts

         0

         0

         0

Total capital

    54,979

+      168

+      431

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, February 13, 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

     2,224

        43

       102

       143

       158

       391

       220

       324

        38

        55

       170

       212

       368

Securities, repurchase agreements,
and loans

2,813,205

    68,317

1,577,425

    92,984

    71,513

   200,188

   169,594

   156,041

    43,975

    25,571

    56,509

   109,291

   241,798

Securities held outright1

2,812,756

    68,317

1,576,984

    92,984

    71,513

   200,188

   169,590

   156,040

    43,975

    25,571

    56,509

   109,290

   241,797

U.S. Treasury securities

1,728,477

    41,981

   969,078

    57,140

    43,945

   123,018

   104,215

    95,888

    27,023

    15,713

    34,726

    67,160

   148,588

Bills2

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Notes and bonds3

1,728,477

    41,981

   969,078

    57,140

    43,945

   123,018

   104,215

    95,888

    27,023

    15,713

    34,726

    67,160

   148,588

Federal agency debt securities2

    74,613

     1,812

    41,832

     2,467

     1,897

     5,310

     4,499

     4,139

     1,167

       678

     1,499

     2,899

     6,414

Mortgage-backed securities4

1,009,666

    24,523

   566,074

    33,377

    25,670

    71,859

    60,876

    56,012

    15,785

     9,179

    20,285

    39,231

    86,795

Repurchase agreements5

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Loans

       449

         1

       441

         0

         0

         0

         4

         1

         0

         0

         0

         1

         1

Net portfolio holdings of Maiden

Lane LLC6

     1,401

         0

     1,401

         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

       507

         0

       507

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Items in process of collection

       566

         0

         0

         0

         0

         0

       565

         0

         0

         0

         0

         0

         0

Bank premises

     2,307

       118

       429

        70

       115

       229

       214

       202

       130

       103

       252

       238

       208

Central bank liquidity swaps10

     5,193

       255

     1,660

       402

       405

     1,091

       296

       148

        43

        22

        53

        82

       737

Other assets11

   234,179

     6,335

   124,923

     8,838

     7,258

    20,242

    14,086

    12,324

     3,532

     2,068

     4,477

     8,603

    21,492

Interdistrict settlement account

         0

+      624

+    6,902

-   15,059

-    3,720

-   44,575

+   20,071

-   18,016

+      278

+    2,338

-    6,991

-   10,562

+   68,711

Total assets

3,075,901

    76,296

1,719,073

    88,024

    76,480

   178,868

   207,038

   152,286

    48,459

    30,438

    54,938

   108,872

   335,129

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, February 13, 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

1,379,246

    47,570

   497,771

    47,339

    61,883

   103,700

   174,935

    95,211

    37,375

    23,853

    38,106

    96,369

   155,136

Less: Notes held by F.R. Banks

   256,247

     9,140

    95,097

     5,066

    10,230

    11,925

    29,557

    14,662

     3,686

     5,416

     9,290

    34,645

    27,531

Federal Reserve notes, net

1,122,999

    38,430

   402,674

    42,274

    51,653

    91,774

   145,378

    80,548

    33,689

    18,437

    28,816

    61,723

   127,604

Reverse repurchase agreements12

    89,055

     2,163

    49,929

     2,944

     2,264

     6,338

     5,369

     4,940

     1,392

       810

     1,789

     3,460

     7,656

Deposits

1,795,410

    32,732

1,241,446

    38,212

    17,969

    68,429

    51,440

    64,655

    12,699

    10,640

    23,556

    42,393

   191,240

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

1,696,681

    32,709

1,144,456

    37,545

    17,966

    68,253

    50,931

    64,616

    12,699

    10,534

    23,553

    42,384

   191,035

U.S. Treasury, General Account

    42,358

         0

    42,358

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Foreign official

     8,248

         2

     8,221

         3

         3

         8

         2

         1

         0

         0

         0

         1

         6

Other

    45,087

        15

    44,868

        27

         0

       128

         7

        33

         0

         0

         2

         3

         3

Deferred availability cash items

     1,237

         0

         0

         0

         0

         0

     1,091

         0

         0

       146

         0

         0

         0

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

     1,273

        29

       808

        41

        29

        59

        75

        78

        20

        14

        25

        52

        44

Other liabilities and accrued
dividends14

    10,948

       249

     6,712

       321

       289

       776

       552

       501

       199

       158

       196

       362

       632

Total liabilities

3,020,922

    73,603

1,701,569

    83,792

    72,203

   167,376

   203,907

   150,722

    48,000

    30,204

    54,382

   107,991

   327,175

Capital

Capital paid in

    27,490

     1,347

     8,752

     2,116

     2,138

     5,746

     1,566

       782

       230

       117

       278

       440

     3,977

Surplus

    27,490

     1,347

     8,752

     2,116

     2,138

     5,746

     1,566

       782

       230

       117

       278

       440

     3,977

Other capital

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Total liabilities and capital

3,075,901

    76,296

1,719,073

    88,024

    76,480

   178,868

   207,038

   152,286

    48,459

    30,438

    54,938

   108,872

   335,129

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, February 13, 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

Feb 13, 2013

Federal Reserve notes outstanding

1,379,246

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

   256,247

Federal Reserve notes to be collateralized

1,122,999

Collateral held against Federal Reserve notes

1,122,999

Gold certificate account

    11,037

Special drawing rights certificate account

     5,200

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

1,106,762

Other assets pledged

         0

Memo:

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

2,812,756

Less: Face value of securities under reverse repurchase agreements

    76,666

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

2,736,090

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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