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Release Date: November 15, 2012
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FEDERAL RESERVE statistical release
For release at
4:30 P.M. EST
November 15, 2012
The Board's H.4.1 statistical release, "Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks," has been modified to present more detail on memorandum items in
table 1A.
The line item for U.S. Treasury securities held in custody now excludes securities pledged by the Federal
Reserve as collateral in reverse repurchase agreements conducted with foreign official and international
accounts and includes inflation compensation on Treasury Inflation-Protected Securities (TIPS), which captures the
inflation adjustment to original face value of TIPS over time. Prior data included securities pledged as
collateral against reverse repurchase agreements with the Federal Reserve and excluded inflation compensation on
TIPS. Information on the amount of foreign official and international reverse repurchase agreements is still
presented in table 1 and included in total reverse repurchase agreements in table 8 and table 9.
The line item for federal agency securities has been revised to report mortgage-backed securities holdings
at current face value, rather than original face value as previously reported.
Additionally, a line item was added for other securities held in custody by the Federal Reserve; this item
includes non-marketable U.S. Treasury securities, supranationals, corporate bonds, asset-backed securities,
and commercial paper all reported at face value.
Finally, the footnote corresponding to the overnight facility for securities lent to dealers now notes
that these securities are at face value; the underlying data remain the same.
Historical data incorporating these new and revised line items 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 November 15, 2012
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 Nov 14, 2012
Federal Reserve Banks Nov 14, 2012 Nov 7, 2012 Nov 16, 2011
Reserve Bank credit 2,819,338 + 8,507 - 604 2,858,759
Securities held outright (1) 2,590,100 + 6,248 - 33,959 2,627,755
U.S. Treasury securities 1,650,855 + 960 - 17,893 1,656,833
Bills (2) 0 0 - 18,423 0
Notes and bonds, nominal (2) 1,567,957 + 432 - 4,681 1,572,814
Notes and bonds, inflation-indexed (2) 72,344 + 400 + 4,422 73,344
Inflation compensation (3) 10,555 + 129 + 789 10,676
Federal agency debt securities (2) 81,902 0 - 25,717 81,902
Mortgage-backed securities (4) 857,344 + 5,289 + 9,652 889,020
Repurchase agreements (5) 0 0 0 0
Loans 1,083 - 89 - 9,437 1,016
Primary credit 13 + 4 + 4 12
Secondary credit 0 0 0 0
Seasonal credit 43 - 5 + 23 39
Term Asset-Backed Securities Loan Facility (6) 1,028 - 86 - 9,463 966
Other credit extensions 0 0 0 0
Net portfolio holdings of Maiden Lane LLC (7) 1,572 0 - 10,730 1,573
Net portfolio holdings of Maiden Lane II LLC (8) 61 0 - 9,276 61
Net portfolio holdings of Maiden Lane III LLC (9) 23 0 - 18,037 23
Net portfolio holdings of TALF LLC (10) 855 0 + 61 855
Float -808 - 21 + 350 -1,526
Central bank liquidity swaps (11) 12,121 - 344 + 9,772 12,121
Other Federal Reserve assets (12) 214,331 + 2,711 + 70,653 216,882
Gold stock 11,041 0 0 11,041
Special drawing rights certificate account 5,200 0 0 5,200
Treasury currency outstanding (13) 44,732 + 14 + 578 44,732
Total factors supplying reserve funds 2,880,311 + 8,521 - 26 2,919,732
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 Nov 14, 2012
Federal Reserve Banks Nov 14, 2012 Nov 7, 2012 Nov 16, 2011
Currency in circulation (13) 1,148,640 + 4,166 + 91,032 1,149,364
Reverse repurchase agreements (14) 94,528 - 1,559 + 846 93,590
Foreign official and international accounts 94,528 - 1,559 + 846 93,590
Others 0 0 0 0
Treasury cash holdings 150 + 3 + 39 143
Deposits with F.R. Banks, other than reserve balances 83,890 + 29,798 + 8,578 93,462
Term deposits held by depository institutions 3,043 + 3,043 + 3,043 3,043
U.S. Treasury, General Account 38,664 + 10,662 + 8,878 26,859
Foreign official 6,108 + 207 + 5,955 6,481
Service-related 0 0 - 2,504 0
Required clearing balances 0 0 - 2,504 0
Adjustments to compensate for float 0 0 0 0
Other 36,074 + 15,884 - 6,794 57,078
Other liabilities and capital (15) 69,772 + 2,728 - 137 76,390
Total factors, other than reserve balances,
absorbing reserve funds 1,396,979 + 35,134 + 100,358 1,412,950
Reserve balances with Federal Reserve Banks 1,483,331 - 26,614 - 100,385 1,506,782
Note: Components may not sum to totals because of rounding.
1. Includes securities lent to dealers under the overnight securities lending facility; refer to table
1A.
2. Face value of the securities.
3. Compensation that adjusts for the effect of inflation on the original face value of
inflation-indexed securities.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which
is the remaining principal balance of the underlying mortgages.
5. Cash value of agreements.
6. Includes credit extended by the Federal Reserve Bank of New York to eligible borrowers through the
Term Asset-Backed Securities Loan Facility.
7. Refer to table 4 and the note on consolidation accompanying table 9.
8. Refer to table 5 and the note on consolidation accompanying table 9.
9. Refer to table 6 and the note on consolidation accompanying table 9.
10. Refer to table 7 and the note on consolidation accompanying table 9.
11. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used
when the foreign currency is returned to the foreign central bank. This exchange rate equals the
market exchange rate used when the foreign currency was acquired from the foreign central bank.
12. Includes other assets denominated in foreign currencies, which are revalued daily at market
exchange rates, and the fair value adjustment to credit extended by the FRBNY to eligible borrowers through
the Term Asset-Backed Securities Loan Facility.
13. Estimated.
14. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt
securities, and mortgage-backed securities.
15. Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC
to entities other than the Federal Reserve Bank of New York, including liabilities that have recourse
only to the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note on
consolidation accompanying table 9. Also includes the liability for interest on Federal Reserve notes due
to U.S. Treasury. Refer to table 8 and table 9.
Sources: Federal Reserve Banks and the U.S. Department of the Treasury.
1A. Memorandum Items
Millions of dollars
Memorandum item Averages of daily figures Wednesday
Week ended Change from week ended Nov 14, 2012
Nov 14, 2012 Nov 7, 2012 Nov 16, 2011
Securities held in custody for foreign official and
international accounts 3,193,581 - 48 + 105,030 3,192,371
Marketable U.S. Treasury securities (1) 2,834,797 + 205 + 184,921 2,833,575
Federal agency debt and mortgage-backed securities (2) 322,507 + 11 - 82,806 322,622
Other securities (3) 36,277 - 264 + 2,915 36,173
Securities lent to dealers 7,767 + 33 - 3,562 8,584
Overnight facility (4) 7,767 + 33 - 3,562 8,584
U.S. Treasury securities 7,134 + 60 - 3,045 7,980
Federal agency debt securities 633 - 27 - 517 604
Note: Components may not sum to totals because of rounding.
1. Includes securities and U.S. Treasury STRIPS at face value, and inflation compensation on TIPS.
Does not include securities pledged as collateral to foreign official and international account holders
against reverse repurchase agreements with the Federal Reserve presented in tables 1, 8, and 9.
2. Face value of federal agency securities and current face value of mortgage-backed securities, which
is the remaining principal balance of the underlying mortgages.
3. Includes non-marketable U.S. Treasury securities, supranationals, corporate bonds, asset-backed
securities, and commercial paper at face value.
4. Face value. Fully collateralized by U.S. Treasury securities.
2. Maturity Distribution of Securities, Loans, and Selected Other Assets and Liabilities, November 14, 2012
Millions of dollars
Remaining Maturity Within 15 16 days to 91 days to Over 1 year Over 5 years Over 10 All
days 90 days 1 year to 5 years to 10 years years
Loans (1) 20 282 47 667 0 ... 1,016
U.S. Treasury securities (2)
Holdings 1 484 16 418,820 836,409 401,103 1,656,833
Weekly changes 0 0 0 + 2,296 - 145 + 3,393 + 5,544
Federal agency debt securities (3)
Holdings 2,619 4,670 15,533 52,323 4,410 2,347 81,902
Weekly changes 0 + 498 - 498 0 0 0 0
Mortgage-backed securities (4)
Holdings 0 0 3 1 1,486 887,530 889,020
Weekly changes 0 0 0 0 0 + 36,958 + 36,957
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) 3,175 8,946 0 0 0 0 12,121
Reverse repurchase agreements (6) 93,590 0 ... ... ... ... 93,590
Term deposits 0 3,043 0 ... ... ... 3,043
Note: Components may not sum to totals because of rounding.
...Not applicable.
1. Excludes the loans from the Federal Reserve Bank of New York (FRBNY) to Maiden Lane LLC, Maiden
Lane II LLC, Maiden Lane III LLC, and TALF LLC. The loans were eliminated when preparing the FRBNY's
statement of condition consistent with consolidation under generally accepted accounting principles.
2. Face value. For inflation-indexed securities, includes the original face value and compensation
that adjusts for the effect of inflation on the original face value of such securities.
3. Face value.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which
is the remaining principal balance of the underlying mortgages.
5. Face value of asset-backed securities held by TALF LLC, which is the remaining principal balance of
the underlying assets.
6. Cash value of agreements.
7. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used
when the foreign currency is returned to the foreign central bank. This exchange rate equals the
market exchange rate used when the foreign currency was acquired from the foreign central bank.
3. Supplemental Information on Mortgage-Backed Securities
Millions of dollars
Account name Wednesday
Nov 14, 2012
Mortgage-backed securities held outright (1) 889,020
Commitments to buy mortgage-backed securities (2) 100,447
Commitments to sell mortgage-backed securities (2) 1,200
Cash and cash equivalents (3) 9
1. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which
is the remaining principal balance of the underlying mortgages.
2. Current face value. Generally settle within 180 days and include commitments associated with
outright transactions, dollar rolls, and coupon swaps.
3. This amount is included in other Federal Reserve assets in table 1 and in other assets in table 8
and table 9.
4. Information on Principal Accounts of Maiden Lane LLC
Millions of dollars
Account name Wednesday
Nov 14, 2012
Net portfolio holdings of Maiden Lane LLC (1) 1,573
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) 134
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, 2012. Any assets purchased after this
valuation date are initially recorded at cost until their estimated fair value as of the purchase date
becomes available.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's
statement of condition consistent with consolidation under generally accepted accounting principles. Refer
to the note on consolidation accompanying table 9.
3. Book value. The fair value of these obligations is included in other liabilities and capital in
table 1 and in other liabilities and accrued dividends in table 8 and table 9.
Note: On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended credit to Maiden Lane LLC
under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to
acquire certain assets of Bear Stearns and to manage those assets through time to maximize repayment of the credit
extended and to minimize disruption to financial markets. Payments by Maiden Lane LLC from the proceeds of
the net portfolio holdings will be made in the following order: operating expenses of the LLC, principal due to
the FRBNY, interest due to the FRBNY, principal due to JPMorgan Chase & Co., and interest due to JPMorgan
Chase & Co. Any remaining funds will be paid to the FRBNY.
5. Information on Principal Accounts of Maiden Lane II LLC
Millions of dollars
Account name Wednesday
Nov 14, 2012
Net portfolio holdings of Maiden Lane II LLC (1) 61
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, 2012. Any assets purchased after this
valuation date are initially recorded at cost until their estimated fair value as of the purchase date
becomes available.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's
statement of condition consistent with consolidation under generally accepted accounting principles. Refer
to the note on consolidation accompanying table 9.
3. Book value. The deferred payment represents the portion of the proceeds of the net portfolio
holdings due to subsidiaries of American International Group, Inc. in accordance with the asset purchase
agreement. The fair value of this payment and accrued interest payable are included in other
liabilities and capital in table 1 and in other liabilities and accrued dividends in table 8 and table 9.
Note: On December 12, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden
Lane II LLC under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was
formed to purchase residential mortgage-backed securities from the U.S. securities lending reinvestment
portfolio of subsidiaries of American International Group, Inc. (AIG subsidiaries). Payments by Maiden Lane II LLC
from the proceeds of the net portfolio holdings will be made in the following order: operating expenses of
Maiden Lane II LLC, principal due to the FRBNY, interest due to the FRBNY, and deferred payment and interest due
to AIG subsidiaries. Any remaining funds will be shared by the FRBNY and AIG subsidiaries.
6. Information on Principal Accounts of Maiden Lane III LLC
Millions of dollars
Account name Wednesday
Nov 14, 2012
Net portfolio holdings of Maiden Lane III LLC (1) 23
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, 2012. Any assets purchased after this
valuation date are initially recorded at cost until their estimated fair value as of the purchase date
becomes available.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's
statement of condition consistent with consolidation under generally accepted accounting principles. Refer
to the note on consolidation accompanying table 9.
3. Book value. The fair value of these obligations is included in other liabilities and capital in
table 1 and in other liabilities and accrued dividends in table 8 and table 9.
Note: On November 25, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden
Lane III LLC under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was
formed to purchase multi-sector collateralized debt obligations (CDOs) on which the Financial Products group
of American International Group, Inc. (AIG) has written credit default swap (CDS) contracts. In connection
with the purchase of CDOs, the CDS counterparties will concurrently unwind the related CDS transactions. Payments
by Maiden Lane III LLC from the proceeds of the net portfolio holdings will be made in the following order:
operating expenses of Maiden Lane III LLC, principal due to the FRBNY, interest due to the FRBNY, principal due
to AIG, and interest due to AIG. Any remaining funds will be shared by the FRBNY and AIG.
7. Information on Principal Accounts of TALF LLC
Millions of dollars
Account name Wednesday
Nov 14, 2012
Asset-backed securities holdings (1) 0
Other investments, net 855
Net portfolio holdings of TALF LLC 855
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) 113
1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an
asset if the transaction were to be conducted in an orderly market on the measurement date.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's
statement of condition consistent with consolidation under generally accepted accounting principles. Refer
to the note on consolidation accompanying table 9.
3. Book value. The fair value of these obligations is included in other liabilities and capital in
table 1 and in other liabilities and accrued dividends in table 8 and table 9.
Note: On November 25, 2008, the Federal Reserve announced the creation of the Term Asset-Backed Securities
Loan Facility (TALF) under the authority of section 13(3) of the Federal Reserve Act. The TALF is a facility
under which the Federal Reserve Bank of New York (FRBNY) extends loans with a term of up to five years to
holders of eligible asset-backed securities. The TALF is intended to assist financial markets in accommodating the
credit needs of consumers and businesses by facilitating the issuance of asset-backed securities collateralized
by a variety of consumer and business loans. The loans provided through the TALF to eligible borrowers are
non-recourse, meaning that the obligation of the borrower can be discharged by surrendering the collateral to
the FRBNY. The loans are extended for the market value of the security less an amount known as a haircut. As a
result, the borrower bears the initial risk of a decline in the value of the security.
TALF LLC is a limited liability company formed to purchase and manage any asset-backed securities received
by the FRBNY in connection with the decision of a borrower not to repay a TALF loan. TALF LLC has committed,
for a fee, to purchase all asset-backed securities received by the FRBNY in conjunction with a TALF loan at a
price equal to the TALF loan plus accrued but unpaid interest. Losses on asset-backed securities held by TALF
LLC will be offset in the following order: by the commitment fees collected by TALF LLC, by the interest
received on investments of TALF LLC, by up to $1.4 billion in subordinated debt funding provided by the U.S.
Treasury, and finally, by senior debt funding provided by the FRBNY. Payments by TALF LLC from the proceeds of its net
portfolio holdings will be made in the following order: operating expenses of TALF LLC, principal due to the
FRBNY, principal due to the U.S. Treasury, interest due to the FRBNY, and interest due to the U.S. Treasury.
Any remaining funds will be shared by the FRBNY and the U.S. Treasury.
8. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of dollars
Assets, liabilities, and capital Eliminations Wednesday Change since
from Nov 14, 2012 Wednesday Wednesday
consolidation Nov 7, 2012 Nov 16, 2011
Assets
Gold certificate account 11,037 0 0
Special drawing rights certificate account 5,200 0 0
Coin 2,144 - 9 - 138
Securities, repurchase agreements, and loans 2,628,771 + 42,352 - 7,049
Securities held outright (1) 2,627,755 + 42,502 + 2,439
U.S. Treasury securities 1,656,833 + 5,544 - 19,003
Bills (2) 0 0 - 18,423
Notes and bonds, nominal (2) 1,572,814 + 3,926 - 6,904
Notes and bonds, inflation-indexed (2) 73,344 + 1,400 + 5,422
Inflation compensation (3) 10,676 + 219 + 902
Federal agency debt securities (2) 81,902 0 - 25,595
Mortgage-backed securities (4) 889,020 + 36,957 + 47,037
Repurchase agreements (5) 0 0 0
Loans 1,016 - 150 - 9,488
Net portfolio holdings of Maiden Lane LLC (6) 1,573 + 1 - 9,027
Net portfolio holdings of Maiden Lane II LLC (7) 61 0 - 9,280
Net portfolio holdings of Maiden Lane III LLC (8) 23 0 - 17,809
Net portfolio holdings of TALF LLC (9) 855 0 + 61
Items in process of collection (0) 177 + 48 - 24
Bank premises 2,345 + 2 + 164
Central bank liquidity swaps (10) 12,121 - 344 + 9,772
Other assets (11) 214,537 + 4,384 + 77,988
Total assets (0) 2,878,843 + 46,435 + 44,657
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.
8. Consolidated Statement of Condition of All Federal Reserve Banks (continued)
Millions of dollars
Assets, liabilities, and capital Eliminations Wednesday Change since
from Nov 14, 2012 Wednesday Wednesday
consolidation Nov 7, 2012 Nov 16, 2011
Liabilities
Federal Reserve notes, net of F.R. Bank holdings 1,106,915 + 2,150 + 90,543
Reverse repurchase agreements (12) 93,590 + 610 - 3,239
Deposits (0) 1,600,244 + 33,039 - 49,531
Term deposits held by depository institutions 3,043 + 3,043 + 3,043
Other deposits held by depository institutions 1,506,782 - 4,514 - 70,785
U.S. Treasury, General Account 26,859 + 2,889 - 17,923
Foreign official 6,481 + 550 + 6,356
Other (0) 57,078 + 31,070 + 29,776
Deferred availability cash items (0) 1,703 + 663 + 137
Other liabilities and accrued dividends (13) 21,249 + 9,638 + 3,772
Total liabilities (0) 2,823,702 + 46,100 + 41,682
Capital accounts
Capital paid in 27,570 + 167 + 1,487
Surplus 27,570 + 167 + 1,487
Other capital accounts 0 0 0
Total capital 55,141 + 335 + 2,975
Note: Components may not sum to totals because of rounding.
1. Includes securities lent to dealers under the overnight securities lending facility; refer to table
1A.
2. Face value of the securities.
3. Compensation that adjusts for the effect of inflation on the original face value of
inflation-indexed securities.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which
is the remaining principal balance of the underlying mortgages.
5. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.
6. Refer to table 4 and the note on consolidation accompanying table 9.
7. Refer to table 5 and the note on consolidation accompanying table 9.
8. Refer to table 6 and the note on consolidation accompanying table 9.
9. Refer to table 7 and the note on consolidation accompanying table 9.
10. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used
when the foreign currency is returned to the foreign central bank. This exchange rate equals the
market exchange rate used when the foreign currency was acquired from the foreign central bank.
11. Includes other assets denominated in foreign currencies, which are revalued daily at market
exchange rates and the fair value adjustment to credit extended by the Federal Reserve Bank of New York
(FRBNY) to eligible borrowers through the Term Asset-Backed Securities Loan Facility.
12. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt
securities, and mortgage-backed securities.
13. Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC
to entities other than the Federal Reserve Bank of New York, including liabilities that have recourse
only to the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note on
consolidation accompanying table 9. Also includes the liability for interest on Federal Reserve notes due
to U.S. Treasury.
9. Statement of Condition of Each Federal Reserve Bank, November 14, 2012
Millions of dollars
Assets, liabilities, and capital Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas Dallas San
City Francisco
Assets
Gold certificate account 11,037 408 3,824 437 515 890 1,337 839 313 192 315 725 1,242
Special drawing rights certificate acct. 5,200 196 1,818 210 237 412 654 424 150 90 153 282 574
Coin 2,144 44 100 148 146 386 200 312 38 52 163 199 356
Securities, repurchase agreements,
and loans 2,628,771 63,823 1,474,228 86,868 66,809 187,023 158,437 145,782 41,082 23,913 52,803 102,106 225,897
Securities held outright (1) 2,627,755 63,823 1,473,263 86,868 66,809 187,021 158,435 145,776 41,082 23,889 52,793 102,102 225,894
U.S. Treasury securities 1,656,833 40,241 928,911 54,771 42,124 117,919 99,896 91,914 25,903 15,062 33,286 64,377 142,429
Bills (2) 0 0 0 0 0 0 0 0 0 0 0 0 0
Notes and bonds (3) 1,656,833 40,241 928,911 54,771 42,124 117,919 99,896 91,914 25,903 15,062 33,286 64,377 142,429
Federal agency debt securities (2) 81,902 1,989 45,919 2,708 2,082 5,829 4,938 4,544 1,280 745 1,645 3,182 7,041
Mortgage-backed securities (4) 889,020 21,593 498,433 29,389 22,603 63,273 53,602 49,319 13,899 8,082 17,861 34,543 76,424
Repurchase agreements (5) 0 0 0 0 0 0 0 0 0 0 0 0 0
Loans 1,016 0 966 0 0 2 2 5 0 24 10 5 3
Net portfolio holdings of Maiden
Lane LLC (6) 1,573 0 1,573 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of Maiden
Lane II LLC (7) 61 0 61 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of Maiden
Lane III LLC (8) 23 0 23 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of TALF LLC (9) 855 0 855 0 0 0 0 0 0 0 0 0 0
Items in process of collection 177 0 0 0 18 0 157 0 1 0 0 0 0
Bank premises 2,345 120 453 69 121 230 213 203 130 103 253 239 209
Central bank liquidity swaps (10) 12,121 425 3,910 1,051 896 2,507 693 323 99 49 121 194 1,852
Other assets (11) 214,537 5,509 113,794 8,579 6,689 18,855 12,899 11,163 3,184 1,871 4,067 7,810 20,117
Interdistrict settlement account 0 + 4,264 - 62,111 - 18,330 + 6,088 - 26,515 + 34,120 - 8,482 + 1,678 + 3,579 - 3,689 + 437 + 68,962
Total assets 2,878,843 74,789 1,538,527 79,032 81,519 183,788 208,711 150,564 46,676 29,850 54,186 111,992 319,208
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, November 14, 2012 (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 1,328,216 47,074 465,395 47,762 60,883 103,130 177,144 95,259 37,486 22,538 36,350 90,671 144,525
Less: Notes held by F.R. Banks 221,300 5,302 85,903 5,087 8,320 11,643 27,350 13,092 4,280 3,240 5,319 26,109 25,655
Federal Reserve notes, net 1,106,915 41,772 379,492 42,674 52,563 91,487 149,795 82,166 33,205 19,297 31,031 64,562 118,870
Reverse repurchase agreements (12) 93,590 2,273 52,472 3,094 2,379 6,661 5,643 5,192 1,463 851 1,880 3,636 8,045
Deposits 1,600,244 27,571 1,076,241 28,408 21,725 72,777 47,591 60,632 11,209 9,013 20,332 42,198 182,546
Term deposits held by depository
institutions 3,043 5 1,564 700 0 40 161 57 0 80 101 5 330
Other deposits held by depository
institutions 1,506,782 27,544 984,487 27,696 21,722 72,592 47,421 60,551 11,209 8,933 20,230 42,190 182,209
U.S. Treasury, General Account 26,859 0 26,859 0 0 0 0 0 0 0 0 0 0
Foreign official 6,481 1 6,454 3 3 8 2 1 0 0 0 1 6
Other 57,078 21 56,878 8 0 137 7 22 0 0 1 2 1
Deferred availability cash items 1,703 0 0 0 29 0 1,459 0 0 215 0 0 0
Interest on Federal Reserve notes due
to U.S. Treasury (13) 1,470 46 900 51 40 -15 97 96 25 15 28 62 125
Other liabilities and accrued
dividends (14) 19,779 448 11,951 600 514 1,384 1,015 920 321 230 359 658 1,381
Total liabilities 2,823,702 72,111 1,521,057 74,826 77,250 172,295 205,599 149,005 46,223 29,621 53,631 111,116 310,968
Capital
Capital paid in 27,570 1,339 8,735 2,103 2,135 5,747 1,556 779 226 115 278 438 4,120
Surplus 27,570 1,339 8,735 2,103 2,135 5,747 1,556 779 226 115 278 438 4,120
Other capital 0 0 0 0 0 0 0 0 0 0 0 0 0
Total liabilities and capital 2,878,843 74,789 1,538,527 79,032 81,519 183,788 208,711 150,564 46,676 29,850 54,186 111,992 319,208
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, November 14, 2012 (continued)
1. Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.
2. Face value of the securities.
3. Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face value of such securities.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the underlying mortgages.
5. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.
6. Refer to table 4 and the note on consolidation below.
7. Refer to table 5 and the note on consolidation below.
8. Refer to table 6 and the note on consolidation below.
9. Refer to table 7 and the note on consolidation below.
10. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals
the market exchange rate used when the foreign currency was acquired from the foreign central bank.
11. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates and the fair value adjustment to credit extended by the Federal Reserve Bank of New York
(FRBNY) to eligible borrowers through the Term Asset-Backed Securities Loan Facility.
12. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.
13. Represents the estimated weekly remittances to U.S. Treasury as interest on Federal Reserve notes or, in those cases where the Reserve Bank's net earnings are not sufficient to equate surplus to
capital paid-in, the deferred asset for interest on Federal Reserve notes. The amount of any deferred asset, which is presented as a negative amount in this line, represents the amount of the
Federal Reserve Bank's earnings that must be retained before remittances to the U.S. Treasury resume. The amounts on this line are calculated in accordance with Board of Governors policy, which requires
the Federal Reserve Banks to remit residual earnings to the U.S. Treasury as interest on Federal Reserve notes after providing for the costs of operations, payment of dividends, and the amount
necessary to equate surplus with capital paid-in.
14. Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to entities other than the Federal Reserve Bank of New York, including liabilities that have
recourse only to the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note on consolidation below.
Note on consolidation:
The Federal Reserve Bank of New York (FRBNY) has extended loans to several limited liability companies under the authority of section 13(3) of the Federal Reserve Act. On June 26, 2008, a
loan was extended to Maiden Lane LLC, which was formed to acquire certain assets of Bear Stearns. On November 25, 2008, a loan was extended to Maiden Lane III LLC, which was formed to purchase
multi-sector collateralized debt obligations on which the Financial Products group of the American International Group, Inc. has written credit default swap contracts. On December 12, 2008, a
loan was extended to Maiden Lane II LLC, which was formed to purchase residential mortgage-backed securities from the U.S. securities lending reinvestment portfolio of subsidiaries of American
International Group, Inc. On November 25, 2008, the Federal Reserve Board authorized the FRBNY to extend credit to TALF LLC, which was formed to purchase and manage any asset-backed securities
received by the FRBNY in connection with the decision of a borrower not to repay a loan extended under the Term Asset-Backed Securities Loan Facility.
The FRBNY is the primary beneficiary of TALF LLC, because of the two beneficiaries of the LLC, the FRBNY and the U.S. Treasury, the FRBNY is primarily responsible for directing the financial
activities of TALF LLC. The FRBNY is the primary beneficiary of the other LLCs cited above because it will receive a majority of any residual returns of the LLCs and absorb a majority of any
residual losses of the LLCs. Consistent with generally accepted accounting principles, the assets and liabilities of these LLCs have been consolidated with the assets and liabilities of the
FRBNY in the preparation of the statements of condition shown on this release. As a consequence of the consolidation, the extensions of credit from the FRBNY to the LLCs are eliminated, the net
assets of the LLCs appear as assets on the previous page (and in table 1 and table 8), and the liabilities of the LLCs to entities other than the FRBNY, including those with recourse only to
the portfolio holdings of the LLCs, are included in other liabilities in this table (and table 1 and table 8).
10. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts
Millions of dollars
Federal Reserve notes and collateral Wednesday
Nov 14, 2012
Federal Reserve notes outstanding 1,328,216
Less: Notes held by F.R. Banks not subject to collateralization 221,300
Federal Reserve notes to be collateralized 1,106,915
Collateral held against Federal Reserve notes 1,106,915
Gold certificate account 11,037
Special drawing rights certificate account 5,200
U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 1,090,679
Other assets pledged 0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 2,627,755
Less: Face value of securities under reverse repurchase agreements 79,650
U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 2,548,105
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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