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Release Date: September 12, 2013
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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 September 12, 2013
1. Factors Affecting Reserve Balances of Depository Institutions
Millions of dollars
Reserve Bank credit, related items, and Averages of daily figures Wednesday
reserve balances of depository institutions at Week ended Change from week ended Sep 11, 2013
Federal Reserve Banks Sep 11, 2013 Sep 4, 2013 Sep 12, 2012
Reserve Bank credit 3,615,997 + 8,883 + 837,068 3,619,196
Securities held outright (1) 3,394,176 + 8,139 + 810,780 3,396,782
U.S. Treasury securities 2,038,281 + 9,326 + 385,817 2,041,088
Bills (2) 0 0 0 0
Notes and bonds, nominal (2) 1,939,035 + 9,102 + 367,342 1,940,567
Notes and bonds, inflation-indexed (2) 86,018 + 199 + 15,198 87,209
Inflation compensation (3) 13,228 + 25 + 3,277 13,312
Federal agency debt securities (2) 64,430 - 1,283 - 22,780 64,216
Mortgage-backed securities (4) 1,291,466 + 97 + 447,744 1,291,478
Unamortized premiums on securities held outright (5) 203,148 - 280 + 51,527 203,087
Unamortized discounts on securities held outright (5) -5,706 - 469 - 3,919 -5,867
Repurchase agreements (6) 0 0 0 0
Loans 273 + 3 - 1,928 277
Primary credit 18 + 1 - 117 22
Secondary credit 0 0 0 0
Seasonal credit 153 + 3 + 31 154
Term Asset-Backed Securities Loan Facility (7) 102 0 - 1,843 102
Other credit extensions 0 0 0 0
Net portfolio holdings of Maiden Lane LLC (8) 1,493 + 1 - 423 1,498
Net portfolio holdings of Maiden Lane II LLC (9) 64 0 + 3 64
Net portfolio holdings of Maiden Lane III LLC (10) 22 0 - 1,563 22
Net portfolio holdings of TALF LLC (11) 124 - 71 - 727 112
Float -769 - 100 - 73 -759
Central bank liquidity swaps (12) 320 + 3 - 19,126 320
Other Federal Reserve assets (13) 22,852 + 1,655 + 2,517 23,661
Foreign currency denominated assets (14) 23,670 - 127 - 2,009 23,726
Gold stock 11,041 0 0 11,041
Special drawing rights certificate account 5,200 0 0 5,200
Treasury currency outstanding (15) 45,287 + 14 + 684 45,287
Total factors supplying reserve funds 3,701,195 + 8,770 + 835,742 3,704,451
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.
1. Factors Affecting Reserve Balances of Depository Institutions (continued)
Millions of dollars
Reserve Bank credit, related items, and Averages of daily figures Wednesday
reserve balances of depository institutions at Week ended Change from week ended Sep 11, 2013
Federal Reserve Banks Sep 11, 2013 Sep 4, 2013 Sep 12, 2012
Currency in circulation (15) 1,207,515 - 720 + 80,825 1,206,627
Reverse repurchase agreements (16) 92,588 - 1,399 + 4,380 92,164
Foreign official and international accounts 92,588 - 1,399 + 5,355 92,164
Others 0 0 - 974 0
Treasury cash holdings 142 + 2 + 24 143
Deposits with F.R. Banks, other than reserve balances 71,948 + 12,074 - 7,716 66,767
Term deposits held by depository institutions 0 0 0 0
U.S. Treasury, General Account 38,551 + 6,119 - 8,468 30,020
Foreign official 8,994 - 1,387 + 3,486 8,765
Other 24,403 + 7,341 - 2,734 27,982
Other liabilities and capital (17) 63,173 - 429 - 1,701 63,109
Total factors, other than reserve balances,
absorbing reserve funds 1,435,365 + 9,526 + 75,811 1,428,809
Reserve balances with Federal Reserve Banks 2,265,831 - 756 + 759,932 2,275,642
Note: Components may not sum to totals because of rounding.
1. Includes securities lent to dealers under the overnight securities lending facility; refer to table
1A.
2. Face value of the securities.
3. Compensation that adjusts for the effect of inflation on the original face value of
inflation-indexed securities.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the
remaining principal balance of the securities.
5. Reflects the premium or discount, which is the difference between the purchase price and the face
value of the securities that has not been amortized. For U.S. Treasury and Federal agency debt
securities, amortization is on a straight-line basis. For mortgage-backed securities, amortization is on an
effective-interest basis.
6. Cash value of agreements.
7. Includes credit extended by the Federal Reserve Bank of New York to eligible borrowers through the
Term Asset-Backed Securities Loan Facility.
8. Refer to table 4 and the note on consolidation accompanying table 9.
9. Refer to table 5 and the note on consolidation accompanying table 9.
10. Refer to table 6 and the note on consolidation accompanying table 9.
11. Refer to table 7 and the note on consolidation accompanying table 9.
12. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used
when the foreign currency is returned to the foreign central bank. This exchange rate equals the
market exchange rate used when the foreign currency was acquired from the foreign central bank.
13. Includes accrued interest, which represents the daily accumulation of interest earned, and other
accounts receivable. Also, includes Reserve Bank premises and equipment net of allowances for
depreciation.
14. Revalued daily at current foreign currency exchange rates.
15. Estimated.
16. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt
securities, and mortgage-backed securities.
17. Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC
to entities other than the Federal Reserve Bank of New York, including liabilities that have recourse
only to the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note on
consolidation accompanying table 9. Also includes the liability for interest on Federal Reserve notes due
to U.S. Treasury. Refer to table 8 and table 9.
Sources: Federal Reserve Banks and the U.S. Department of the Treasury.
1A. Memorandum Items
Millions of dollars
Memorandum item Averages of daily figures Wednesday
Week ended Change from week ended Sep 11, 2013
Sep 11, 2013 Sep 4, 2013 Sep 12, 2012
Securities held in custody for foreign official and
international accounts 3,276,477 - 2,846 + 102,900 3,275,669
Marketable U.S. Treasury securities (1) 2,924,149 - 1,647 + 122,743 2,923,296
Federal agency debt and mortgage-backed securities (2) 314,813 - 723 - 18,919 314,772
Other securities (3) 37,515 - 476 - 925 37,601
Securities lent to dealers 12,098 - 2,275 + 5,812 16,366
Overnight facility (4) 12,098 - 2,275 + 5,812 16,366
U.S. Treasury securities 11,265 - 2,222 + 5,594 15,541
Federal agency debt securities 833 - 53 + 218 825
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, September 11, 2013
Millions of dollars
Remaining Maturity Within 15 16 days to 91 days to Over 1 year Over 5 year Over 10 All
days 90 days 1 year to 5 years to 10 years years
Loans (1) 59 117 29 73 0 ... 277
U.S. Treasury securities (2)
Holdings 0 5 385 646,632 867,686 526,379 2,041,088
Weekly changes 0 0 0 + 135 + 3,370 + 4,292 + 7,798
Federal agency debt securities (3)
Holdings 564 5,280 16,810 39,153 62 2,347 64,216
Weekly changes - 1,497 0 0 0 0 0 - 1,497
Mortgage-backed securities (4)
Holdings 0 0 0 2 2,599 1,288,876 1,291,478
Weekly changes 0 0 0 0 0 + 83 + 83
Asset-backed securities held by
TALF LLC (5) 0 0 0 0 0 0 0
Repurchase agreements (6) 0 0 ... ... ... ... 0
Central bank liquidity swaps (7) 162 158 0 0 0 0 320
Reverse repurchase agreements (6) 92,164 0 ... ... ... ... 92,164
Term deposits 0 0 0 ... ... ... 0
Note: Components may not sum to totals because of rounding.
...Not applicable.
1. Excludes the loans from the Federal Reserve Bank of New York (FRBNY) to Maiden Lane LLC, Maiden
Lane II LLC, Maiden Lane III LLC, and TALF LLC. The loans were eliminated when preparing the FRBNY's
statement of condition consistent with consolidation under generally accepted accounting principles.
2. Face value. For inflation-indexed securities, includes the original face value and compensation
that adjusts for the effect of inflation on the original face value of such securities.
3. Face value.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the
remaining principal balance of the securities.
5. Face value of asset-backed securities held by TALF LLC, which is the remaining principal balance of
the underlying assets.
6. Cash value of agreements.
7. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used
when the foreign currency is returned to the foreign central bank. This exchange rate equals the
market exchange rate used when the foreign currency was acquired from the foreign central bank.
3. Supplemental Information on Mortgage-Backed Securities
Millions of dollars
Account name Wednesday
Sep 11, 2013
Mortgage-backed securities held outright (1) 1,291,478
Commitments to buy mortgage-backed securities (2) 110,681
Commitments to sell mortgage-backed securities (2) 1,000
Cash and cash equivalents (3) 12
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
Sep 11, 2013
Net portfolio holdings of Maiden Lane LLC (1) 1,498
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 0
Accrued interest payable to the Federal Reserve Bank of New York (2) 0
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3) 0
1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an
asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued
quarterly. This table reflects valuations as of June 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
Sep 11, 2013
Net portfolio holdings of Maiden Lane II LLC (1) 64
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 0
Accrued interest payable to the Federal Reserve Bank of New York (2) 0
Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc. (3) 0
1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an
asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued
quarterly. This table reflects valuations as of June 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
Sep 11, 2013
Net portfolio holdings of Maiden Lane III LLC (1) 22
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 0
Accrued interest payable to the Federal Reserve Bank of New York (2) 0
Outstanding principal amount and accrued interest on loan payable to American International Group, Inc. (3) 0
1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an
asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued
quarterly. This table reflects valuations as of June 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
Sep 11, 2013
Asset-backed securities holdings (1) 0
Other investments, net 112
Net portfolio holdings of TALF LLC 112
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 0
Accrued interest payable to the Federal Reserve Bank of New York (2) 0
Funding provided by U.S. Treasury to TALF LLC, including accrued interest payable (3) 0
1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an
asset if the transaction were to be conducted in an orderly market on the measurement date.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's
statement of condition consistent with consolidation under generally accepted accounting principles. Refer
to the note on consolidation accompanying table 9.
3. Book value. The fair value of these obligations is included in other liabilities and capital in
table 1 and in other liabilities and accrued dividends in table 8 and table 9.
Note: On November 25, 2008, the Federal Reserve announced the creation of the Term Asset-Backed Securities
Loan Facility (TALF) under the authority of section 13(3) of the Federal Reserve Act. The TALF is a facility
under which the Federal Reserve Bank of New York (FRBNY) extended loans with a term of up to five years to
holders of eligible asset-backed securities. The Federal Reserve closed the TALF for new loan extensions in 2010.
The loans provided through the TALF to eligible borrowers are non-recourse, meaning that the obligation of the
borrower can be discharged by surrendering the collateral to the FRBNY.
TALF LLC is a limited liability company formed to purchase and manage any asset-backed securities received
by the FRBNY in connection with the decision of a borrower not to repay a TALF loan. TALF LLC has committed,
for a fee, to purchase all asset-backed securities received by the FRBNY in conjunction with a TALF loan at a
price equal to the TALF loan plus accrued but unpaid interest. Prior to January 15, 2013, the U.S. Treasury's
Troubled Asset Relief Program (TARP) committed backup funding to TALF LLC, providing credit protection to the
FRBNY. However, the accumulated fees and income collected through the TALF and held by TALF LLC now exceed the
remaining amount of TALF loans outstanding. Accordingly, the TARP credit protection commitment has been
terminated, and TALF LLC has begun to distribute excess proceeds to the Treasury and the FRBNY. Any remaining funds
will be shared by the FRBNY and the U.S. Treasury.
8. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of dollars
Assets, liabilities, and capital Eliminations Wednesday Change since
from Sep 11, 2013 Wednesday Wednesday
consolidation Sep 4, 2013 Sep 12, 2012
Assets
Gold certificate account 11,037 0 0
Special drawing rights certificate account 5,200 0 0
Coin 1,992 + 9 - 165
Securities, unamortized premiums and discounts,
repurchase agreements, and loans 3,594,279 + 5,660 + 860,054
Securities held outright (1) 3,396,782 + 6,384 + 814,992
U.S. Treasury securities 2,041,088 + 7,798 + 390,237
Bills (2) 0 0 0
Notes and bonds, nominal (2) 1,940,567 + 6,305 + 371,527
Notes and bonds, inflation-indexed (2) 87,209 + 1,390 + 15,425
Inflation compensation (3) 13,312 + 103 + 3,285
Federal agency debt securities (2) 64,216 - 1,497 - 22,994
Mortgage-backed securities (4) 1,291,478 + 83 + 447,748
Unamortized premiums on securities held outright
(5) 203,087 - 221 + 50,754
Unamortized discounts on securities held outright
(5) -5,867 - 502 - 4,101
Repurchase agreements (6) 0 0 0
Loans 277 0 - 1,590
Net portfolio holdings of Maiden Lane LLC (7) 1,498 + 6 - 420
Net portfolio holdings of Maiden Lane II LLC (8) 64 0 + 3
Net portfolio holdings of Maiden Lane III LLC (9) 22 0 - 1,563
Net portfolio holdings of TALF LLC (10) 112 - 83 - 739
Items in process of collection (0) 125 - 32 - 18
Bank premises 2,284 + 1 - 65
Central bank liquidity swaps (11) 320 + 3 - 19,126
Foreign currency denominated assets (12) 23,726 + 53 - 2,109
Other assets (13) 21,376 + 2,237 + 2,735
Total assets (0) 3,662,035 + 7,853 + 838,587
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.
8. Consolidated Statement of Condition of All Federal Reserve Banks (continued)
Millions of dollars
Assets, liabilities, and capital Eliminations Wednesday Change since
from Sep 11, 2013 Wednesday Wednesday
consolidation Sep 4, 2013 Sep 12, 2012
Liabilities
Federal Reserve notes, net of F.R. Bank holdings 1,163,470 - 3,229 + 79,635
Reverse repurchase agreements (14) 92,164 - 547 - 819
Deposits (0) 2,342,409 + 11,949 + 761,241
Term deposits held by depository institutions 0 0 0
Other deposits held by depository institutions 2,275,642 + 1,444 + 772,747
U.S. Treasury, General Account 30,020 - 6,339 - 8,463
Foreign official 8,765 - 1,615 + 3,204
Other (0) 27,982 + 18,458 - 6,247
Deferred availability cash items (0) 884 - 554 - 26
Other liabilities and accrued dividends (15) 8,222 + 236 - 1,695
Total liabilities (0) 3,607,148 + 7,853 + 838,335
Capital accounts
Capital paid in 27,444 0 + 126
Surplus 27,444 0 + 126
Other capital accounts 0 0 0
Total capital 54,887 0 + 252
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, September 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 1,992 35 90 127 136 344 203 284 28 47 161 193 345
Securities, unamortized premiums and
discounts, repurchase agreements,
and loans 3,594,279 93,980 1,993,123 104,146 91,787 223,478 238,770 194,232 57,860 34,154 68,020 139,571 355,159
Securities held outright (1) 3,396,782 88,822 1,883,655 98,419 86,750 211,215 225,644 183,550 54,655 32,233 64,263 131,905 335,670
U.S. Treasury securities 2,041,088 53,372 1,131,867 59,139 52,127 126,917 135,587 110,293 32,842 19,368 38,615 79,260 201,700
Bills (2) 0 0 0 0 0 0 0 0 0 0 0 0 0
Notes and bonds (3) 2,041,088 53,372 1,131,867 59,139 52,127 126,917 135,587 110,293 32,842 19,368 38,615 79,260 201,700
Federal agency debt securities (2) 64,216 1,679 35,610 1,861 1,640 3,993 4,266 3,470 1,033 609 1,215 2,494 6,346
Mortgage-backed securities (4) 1,291,478 33,771 716,177 37,420 32,983 80,305 85,791 69,787 20,780 12,255 24,433 50,151 127,624
Unamortized premiums on securities held
outright (5) 203,087 5,311 112,620 5,884 5,187 12,628 13,491 10,974 3,268 1,927 3,842 7,886 20,069
Unamortized discounts on securities
held outright (5) -5,867 -153 -3,254 -170 -150 -365 -390 -317 -94 -56 -111 -228 -580
Repurchase agreements (6) 0 0 0 0 0 0 0 0 0 0 0 0 0
Loans 277 0 102 13 0 0 25 25 32 50 25 7 0
Net portfolio holdings of Maiden
Lane LLC (7) 1,498 0 1,498 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of Maiden
Lane II LLC (8) 64 0 64 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of Maiden
Lane III LLC (9) 22 0 22 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of TALF LLC (10) 112 0 112 0 0 0 0 0 0 0 0 0 0
Items in process of collection 125 0 0 0 0 0 124 0 0 0 0 0 0
Bank premises 2,284 118 427 72 112 229 212 201 127 100 249 233 204
Central bank liquidity swaps (11) 320 16 102 25 25 67 18 9 3 1 3 5 45
Foreign currency denominated assets (12) 23,726 1,166 7,586 1,835 1,851 4,982 1,351 677 198 99 240 376 3,365
Other assets (13) 21,376 591 11,452 652 554 1,509 1,447 1,154 375 258 421 872 2,090
Interdistrict settlement account 0 - 29,011 + 238,419 - 26,727 - 12,092 - 8,309 - 42,525 - 55,966 - 14,465 - 14,045 - 23,726 - 33,201 + 21,649
Total assets 3,662,035 67,482 2,258,638 80,737 83,121 223,568 201,675 141,805 44,586 20,896 45,830 109,059 384,637
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, September 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 1,491,419 47,138 549,126 45,233 62,363 112,837 183,531 96,692 37,560 23,551 39,509 121,462 172,415
Less: Notes held by F.R. Banks 327,949 12,836 91,216 9,157 9,959 14,934 35,490 24,009 4,871 10,913 13,507 60,392 40,665
Federal Reserve notes, net 1,163,470 34,302 457,911 36,076 52,405 97,902 148,041 72,683 32,689 12,638 26,003 61,070 131,750
Reverse repurchase agreements (14) 92,164 2,410 51,108 2,670 2,354 5,731 6,122 4,980 1,483 875 1,744 3,579 9,108
Deposits 2,342,409 27,933 1,727,803 37,535 23,734 107,816 43,027 62,195 9,763 6,873 17,349 43,175 235,206
Term deposits held by depository
institutions 0 0 0 0 0 0 0 0 0 0 0 0 0
Other deposits held by depository
institutions 2,275,642 27,930 1,661,412 37,498 23,731 107,537 43,015 62,172 9,763 6,873 17,347 43,172 235,193
U.S. Treasury, General Account 30,020 0 30,020 0 0 0 0 0 0 0 0 0 0
Foreign official 8,765 2 8,737 3 3 8 2 1 0 0 0 1 6
Other 27,982 1 27,633 34 0 271 10 22 0 0 1 2 7
Deferred availability cash items 884 0 0 0 0 0 760 0 0 124 0 0 0
Interest on Federal Reserve notes due
to U.S. Treasury (15) 1,719 44 969 50 44 107 111 95 26 15 31 63 166
Other liabilities and accrued
dividends (16) 6,503 196 3,371 227 232 580 414 339 162 139 142 250 451
Total liabilities 3,607,148 64,884 2,241,163 76,559 78,768 212,136 198,474 140,292 44,122 20,663 45,268 108,138 376,680
Capital
Capital paid in 27,444 1,299 8,737 2,089 2,176 5,716 1,600 757 232 117 281 461 3,979
Surplus 27,444 1,299 8,737 2,089 2,176 5,716 1,600 757 232 117 281 461 3,979
Other capital 0 0 0 0 0 0 0 0 0 0 0 0 0
Total liabilities and capital 3,662,035 67,482 2,258,638 80,737 83,121 223,568 201,675 141,805 44,586 20,896 45,830 109,059 384,637
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, September 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
Sep 11, 2013
Federal Reserve notes outstanding 1,491,419
Less: Notes held by F.R. Banks not subject to collateralization 327,949
Federal Reserve notes to be collateralized 1,163,470
Collateral held against Federal Reserve notes 1,163,470
Gold certificate account 11,037
Special drawing rights certificate account 5,200
U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 1,147,233
Other assets pledged 0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 3,396,782
Less: Face value of securities under reverse repurchase agreements 83,983
U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,312,798
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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