Federal Reserve Statistical Release, H.4.1, Factors Affecting Reserve Balances; title with eagle logo links to Statistical Release home page
Release Date: 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                          Averages of daily figures         Wednesday  
reserve balances of depository institutions at             Week ended    Change from week ended  Dec 11, 2013 
Federal Reserve Banks                                     Dec 11, 2013  Dec 4, 2013 Dec 12, 2012              

Reserve Bank credit                                         3,905,469   +   21,079   +1,073,824    3,950,970  
  Securities held outright (1)                              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  
      Bills (2)                                                     0            0            0            0  
      Notes and bonds, nominal (2)                          2,074,152   +   13,120   +  497,053    2,080,640  
      Notes and bonds, inflation-indexed (2)                   90,179   +      200   +   16,636       91,379  
      Inflation compensation (3)                               13,686   -       55   +    2,808       13,700  
    Federal agency debt securities (2)                         58,208   -      164   -   21,075       57,221  
    Mortgage-backed securities (4)                          1,446,039   +    6,179   +  555,935    1,482,966  
  Unamortized premiums on securities held outright (5)        207,887   +      291   +   41,266      209,015  
  Unamortized discounts on securities held outright (5)       -10,735   -      483   -    9,205      -11,111  
  Repurchase agreements (6)                                         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 Facility (7)                 98            0   -      801           98  
    Other credit extensions                                         0            0            0            0  
  Net portfolio holdings of Maiden Lane LLC (8)                 1,520   +        3   +       86        1,520  
  Net portfolio holdings of Maiden Lane II LLC (9)                 63            0   +        2           63  
  Net portfolio holdings of Maiden Lane III LLC (10)               22            0            0           22  
  Net portfolio holdings of TALF LLC (11)                         109   -        1   -      747          109  
  Float                                                          -661   +       97   +      117         -628  
  Central bank liquidity swaps (12)                               272            0   -   12,096          272  
  Other Federal Reserve assets (13)                            24,559   +    1,889   +    3,800       25,628  
Foreign currency denominated assets (14)                       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 outstanding (15)                             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                          Averages of daily figures         Wednesday  
reserve balances of depository institutions at             Week ended    Change from week ended  Dec 11, 2013 
Federal Reserve Banks                                     Dec 11, 2013  Dec 4, 2013 Dec 12, 2012              

Currency in circulation (15)                                 1,227,537   -      467   +   72,790    1,229,746 
Reverse repurchase agreements (16)                             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 capital (17)                              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  
                                                           Week ended    Change from week ended  Dec 11, 2013 
                                                          Dec 11, 2013  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 securities (1)                    3,006,880   +    7,252   +  145,632    3,019,126 
  Federal agency debt and mortgage-backed securities (2)       318,055   -      720   +      111      316,075 
  Other securities (3)                                          43,080   +      308   +    7,351       43,304 
Securities lent to dealers                                      11,580   -    2,040   +    5,673       11,556 
  Overnight facility (4)                                        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     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)                                       18            56            65            34             0           ...           173 
U.S. Treasury securities (2)                                                                                                           
  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 securities (3)                                                                                                     
  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 securities (4)                                                                                                         
  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 LLC (5)                                   0             0             0             0             0             0             0 
Repurchase agreements (6)                        0             0           ...           ...           ...           ...             0 
Central bank liquidity swaps (7)                 0           272             0             0             0             0           272 
                                                                                                                                       
Reverse repurchase agreements (6)          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 outright (1)                                                                             1,482,966  
                                                                                                                                    
Commitments to buy mortgage-backed securities (2)                                                                           47,351  
Commitments to sell mortgage-backed securities (2)                                                                               0  
                                                                                                                                    
Cash and cash equivalents (3)                                                                                                  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 LLC (1)                                                                                1,520  
                                                                                                                                    
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 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 LLC (1)                                                                                63  
                                                                                                                                    
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 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 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 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 holdings (1)                                                                                             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 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       Dec 11, 2013   Wednesday    Wednesday  
                                                        consolidation                 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 outright (1)                                          3,725,907   +   57,883   +1,057,016  
      U.S. Treasury securities                                            2,185,719   +   15,931   +  524,912  
        Bills (2)                                                                 0            0            0  
        Notes and bonds, nominal (2)                                      2,080,640   +   14,550   +  505,526  
        Notes and bonds, inflation-indexed (2)                               91,379   +    1,400   +   16,639  
        Inflation compensation (3)                                           13,700   -       19   +    2,747  
      Federal agency debt securities (2)                                     57,221   -    1,151   -   22,062  
      Mortgage-backed securities (4)                                      1,482,966   +   43,102   +  554,165  
    Unamortized premiums on securities held outright  
    (5)                                                                     209,015   +    1,247   +   39,892  
    Unamortized discounts on securities held outright 
    (5)                                                                     -11,111   -      699   -    9,582  
    Repurchase agreements (6)                                                     0            0            0  
    Loans                                                                       173   +       12   -      654  
  Net portfolio holdings of Maiden Lane LLC (7)                               1,520   +        1   +       86  
  Net portfolio holdings of Maiden Lane II LLC (8)                               63            0   +        2  
  Net portfolio holdings of Maiden Lane III LLC (9)                              22            0            0  
  Net portfolio holdings of TALF LLC (10)                                       109   -        1   -      747  
  Items in process of collection                                   (0)           94            0   -       17  
  Bank premises                                                               2,284            0   -       51  
  Central bank liquidity swaps (11)                                             272            0   -   12,096  
  Foreign currency denominated assets (12)                                   24,079   +      273   -    1,190  
  Other assets (13)                                                          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     Wednesday         Change since       
                                                             from       Dec 11, 2013   Wednesday    Wednesday  
                                                        consolidation                 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 agreements (14)                                         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 dividends (15)                                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 outright (1)               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
        Bills (2)                                      0           0           0            0           0           0           0           0           0           0           0           0           0
        Notes and bonds (3)                    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 securities (2)          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 securities (4)           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 
      outright (5)                               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 outright (5)                          -11,111        -291      -6,161         -322        -284        -691        -738        -600        -179        -105        -210        -431      -1,098
    Repurchase agreements (6)                          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 LLC (7)                                  1,520           0       1,520            0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of Maiden                                                                                                                                                                       
     Lane II LLC (8)                                  63           0          63            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)            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 swaps (11)                  272          13          87           21          21          57          15           8           2           1           3           4          39
  Foreign currency denominated assets (12)        24,079       1,183       7,700        1,862       1,878       5,056       1,372         687         201         101         244         382       3,415
  Other assets (13)                               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 agreements (14)             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. Treasury (15)                         2,094          61       1,099          73          67         166         139         112          32          19          37          76         214
  Other liabilities and accrued             
     dividends (16)                               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 pledged (1,2)                   1,170,203  
  Other assets pledged                                                                               0  
Memo:                                                                                                   
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                       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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