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Release Date: December 6, 2012
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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 6, 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 Dec 5, 2012
Federal Reserve Banks Dec 5, 2012 Nov 28, 2012 Dec 7, 2011
Reserve Bank credit 2,843,450 + 2,305 + 45,583 2,841,986
Securities held outright (1) 2,618,799 + 1,211 + 14,190 2,616,521
U.S. Treasury securities 1,655,889 + 11,131 - 15,760 1,653,593
Bills (2) 0 0 - 18,423 0
Notes and bonds, nominal (2) 1,571,673 + 11,077 - 3,324 1,569,379
Notes and bonds, inflation-indexed (2) 73,344 0 + 4,924 73,344
Inflation compensation (3) 10,872 + 54 + 1,063 10,870
Federal agency debt securities (2) 79,283 0 - 26,626 79,283
Mortgage-backed securities (4) 883,627 - 9,920 + 56,575 883,646
Repurchase agreements (5) 0 0 0 0
Loans 968 - 7 - 8,732 959
Primary credit 9 - 2 - 4 2
Secondary credit 0 0 0 0
Seasonal credit 22 - 2 + 3 20
Term Asset-Backed Securities Loan Facility (6) 937 - 3 - 8,730 937
Other credit extensions 0 0 0 0
Net portfolio holdings of Maiden Lane LLC (7) 1,432 - 5 - 9,196 1,434
Net portfolio holdings of Maiden Lane II LLC (8) 61 0 - 9,195 61
Net portfolio holdings of Maiden Lane III LLC (9) 22 0 - 17,835 22
Net portfolio holdings of TALF LLC (10) 856 0 + 53 856
Float -732 - 2 + 172 -885
Central bank liquidity swaps (11) 12,181 - 36 + 9,880 12,181
Other Federal Reserve assets (12) 209,863 + 1,144 + 66,246 210,837
Gold stock 11,041 0 0 11,041
Special drawing rights certificate account 5,200 0 0 5,200
Treasury currency outstanding (13) 44,761 + 14 + 580 44,761
Total factors supplying reserve funds 2,904,452 + 2,319 + 46,163 2,902,989
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 5, 2012
Federal Reserve Banks Dec 5, 2012 Nov 28, 2012 Dec 7, 2011
Currency in circulation (13) 1,151,803 - 1,430 + 90,551 1,154,829
Reverse repurchase agreements (14) 95,125 - 586 + 8,291 96,318
Foreign official and international accounts 93,976 - 1,735 + 7,142 94,068
Others 1,149 + 1,149 + 1,149 2,250
Treasury cash holdings 147 + 6 + 39 145
Deposits with F.R. Banks, other than reserve balances 63,495 - 34,630 - 28,167 59,893
Term deposits held by depository institutions 3,043 0 - 2,012 3,043
U.S. Treasury, General Account 33,997 + 6,093 + 5,715 21,431
Foreign official 6,791 + 271 + 6,666 7,977
Service-related 0 0 - 2,497 0
Required clearing balances 0 0 - 2,497 0
Adjustments to compensate for float 0 0 0 0
Other 19,663 - 40,995 - 36,039 27,443
Other liabilities and capital (15) 67,761 - 1,366 - 4,065 67,868
Total factors, other than reserve balances,
absorbing reserve funds 1,378,330 - 38,008 + 66,649 1,379,053
Reserve balances with Federal Reserve Banks 1,526,122 + 40,327 - 20,486 1,523,936
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 Dec 5, 2012
Dec 5, 2012 Nov 28, 2012 Dec 7, 2011
Securities held in custody for foreign official and
international accounts 3,202,721 + 4,668 + 110,073 3,204,142
Marketable U.S. Treasury securities (1) 2,849,229 + 5,179 + 187,101 2,850,334
Federal agency debt and mortgage-backed securities (2) 317,410 - 550 - 79,453 317,675
Other securities (3) 36,081 + 38 + 2,424 36,132
Securities lent to dealers 5,843 - 1,470 - 8,323 5,057
Overnight facility (4) 5,843 - 1,470 - 8,323 5,057
U.S. Treasury securities 5,258 - 1,476 - 7,493 4,490
Federal agency debt securities 585 + 5 - 831 567
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, December 5, 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) 2 265 47 645 0 ... 959
U.S. Treasury securities (2)
Holdings 0 386 41 395,447 846,751 410,968 1,653,593
Weekly changes - 100 + 1 - 1 - 804 + 2,294 + 5,558 + 6,948
Federal agency debt securities (3)
Holdings 0 5,695 15,216 53,981 2,044 2,347 79,283
Weekly changes 0 + 422 - 422 0 0 0 0
Mortgage-backed securities (4)
Holdings 0 0 3 1 1,686 881,955 883,646
Weekly changes 0 0 0 0 + 8 + 98 + 107
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) 6,920 5,262 0 0 0 0 12,181
Reverse repurchase agreements (6) 96,318 0 ... ... ... ... 96,318
Term deposits 3,043 0 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
Dec 5, 2012
Mortgage-backed securities held outright (1) 883,646
Commitments to buy mortgage-backed securities (2) 129,657
Commitments to sell mortgage-backed securities (2) 2,800
Cash and cash equivalents (3) 36
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
Dec 5, 2012
Net portfolio holdings of Maiden Lane LLC (1) 1,434
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, 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
Dec 5, 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
Dec 5, 2012
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, 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
Dec 5, 2012
Asset-backed securities holdings (1) 0
Other investments, net 856
Net portfolio holdings of TALF LLC 856
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 Dec 5, 2012 Wednesday Wednesday
consolidation Nov 28, 2012 Dec 7, 2011
Assets
Gold certificate account 11,037 0 0
Special drawing rights certificate account 5,200 0 0
Coin 2,115 + 18 - 153
Securities, repurchase agreements, and loans 2,617,480 + 6,995 - 140
Securities held outright (1) 2,616,521 + 7,054 + 8,526
U.S. Treasury securities 1,653,593 + 6,948 - 21,441
Bills (2) 0 0 - 18,423
Notes and bonds, nominal (2) 1,569,379 + 6,927 - 9,016
Notes and bonds, inflation-indexed (2) 73,344 0 + 4,924
Inflation compensation (3) 10,870 + 20 + 1,074
Federal agency debt securities (2) 79,283 0 - 26,626
Mortgage-backed securities (4) 883,646 + 107 + 56,594
Repurchase agreements (5) 0 0 0
Loans 959 - 59 - 8,667
Net portfolio holdings of Maiden Lane LLC (6) 1,434 0 - 9,190
Net portfolio holdings of Maiden Lane II LLC (7) 61 0 - 9,175
Net portfolio holdings of Maiden Lane III LLC (8) 22 0 - 17,908
Net portfolio holdings of TALF LLC (9) 856 0 + 53
Items in process of collection (0) 117 - 8 - 211
Bank premises 2,334 - 10 + 152
Central bank liquidity swaps (10) 12,181 - 31 + 9,880
Other assets (11) 208,503 + 1,479 + 64,825
Total assets (0) 2,861,340 + 8,443 + 38,133
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 5, 2012 Wednesday Wednesday
consolidation Nov 28, 2012 Dec 7, 2011
Liabilities
Federal Reserve notes, net of F.R. Bank holdings 1,112,322 + 1,868 + 90,231
Reverse repurchase agreements (12) 96,318 + 3,088 + 11,120
Deposits (0) 1,583,829 + 2,936 - 59,249
Term deposits held by depository institutions 3,043 0 - 2,012
Other deposits held by depository institutions 1,523,936 - 15,579 - 26,049
U.S. Treasury, General Account 21,431 + 5,328 - 316
Foreign official 7,977 + 1,495 + 7,851
Other (0) 27,443 + 11,693 - 38,722
Deferred availability cash items (0) 1,002 + 157 - 405
Other liabilities and accrued dividends (13) 13,176 + 882 - 4,444
Total liabilities (0) 2,806,647 + 8,930 + 37,253
Capital accounts
Capital paid in 27,346 - 244 + 440
Surplus 27,346 - 244 + 440
Other capital accounts 0 0 0
Total capital 54,693 - 487 + 880
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, December 5, 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 2,115 40 92 142 144 381 205 308 37 52 163 199 354
Securities, repurchase agreements,
and loans 2,617,480 63,550 1,467,901 86,497 66,523 186,222 157,758 145,155 40,908 23,798 52,573 101,665 224,929
Securities held outright (1) 2,616,521 63,550 1,466,964 86,497 66,523 186,222 157,758 145,153 40,907 23,787 52,567 101,665 224,928
U.S. Treasury securities 1,653,593 40,163 927,094 54,664 42,042 117,689 99,700 91,734 25,852 15,033 33,221 64,251 142,150
Bills (2) 0 0 0 0 0 0 0 0 0 0 0 0 0
Notes and bonds (3) 1,653,593 40,163 927,094 54,664 42,042 117,689 99,700 91,734 25,852 15,033 33,221 64,251 142,150
Federal agency debt securities (2) 79,283 1,926 44,450 2,621 2,016 5,643 4,780 4,398 1,240 721 1,593 3,081 6,816
Mortgage-backed securities (4) 883,646 21,462 495,420 29,211 22,466 62,890 53,278 49,021 13,815 8,033 17,753 34,334 75,962
Repurchase agreements (5) 0 0 0 0 0 0 0 0 0 0 0 0 0
Loans 959 0 937 0 0 0 0 2 2 12 6 0 1
Net portfolio holdings of Maiden
Lane LLC (6) 1,434 0 1,434 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) 22 0 22 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of TALF LLC (9) 856 0 856 0 0 0 0 0 0 0 0 0 0
Items in process of collection 117 1 0 0 11 0 104 0 1 0 0 0 0
Bank premises 2,334 119 451 70 115 229 214 202 130 103 253 239 209
Central bank liquidity swaps (10) 12,181 427 3,929 1,057 901 2,520 697 325 100 50 121 195 1,861
Other assets (11) 208,503 5,366 110,459 8,290 6,546 18,426 12,539 10,835 3,100 1,822 3,951 7,556 19,614
Interdistrict settlement account 0 + 9,712 - 110,841 - 12,526 + 308 - 19,252 + 42,270 - 2,788 + 2,554 + 3,829 - 3,015 + 5,052 + 84,696
Total assets 2,861,340 79,819 1,480,006 84,176 75,299 189,827 215,778 155,301 47,293 29,937 54,513 115,913 333,479
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 5, 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 1,337,267 47,338 465,656 47,735 60,700 103,901 176,702 95,857 37,440 22,426 36,203 92,247 151,061
Less: Notes held by F.R. Banks 224,945 5,882 89,941 4,825 8,503 11,386 25,808 12,992 4,144 3,188 5,508 26,975 25,793
Federal Reserve notes, net 1,112,322 41,456 375,716 42,910 52,197 92,516 150,894 82,866 33,296 19,238 30,696 65,272 125,268
Reverse repurchase agreements (12) 96,318 2,339 54,001 3,184 2,449 6,855 5,807 5,343 1,506 876 1,935 3,742 8,280
Deposits 1,583,829 33,034 1,025,073 33,467 16,003 77,984 54,434 64,945 11,814 9,304 21,095 45,605 191,073
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 1,523,936 33,026 966,829 32,755 16,000 77,834 54,263 64,866 11,814 9,224 20,992 45,597 190,736
U.S. Treasury, General Account 21,431 0 21,431 0 0 0 0 0 0 0 0 0 0
Foreign official 7,977 1 7,949 3 3 8 2 1 0 0 0 1 6
Other 27,443 1 27,299 8 0 102 7 20 1 0 1 2 1
Deferred availability cash items 1,002 0 0 0 20 0 859 0 0 123 0 0 0
Interest on Federal Reserve notes due
to U.S. Treasury (13) 2,225 40 1,127 66 46 147 126 108 28 16 37 72 414
Other liabilities and accrued
dividends (14) 10,950 261 6,605 341 316 831 540 481 195 151 196 345 687
Total liabilities 2,806,647 77,129 1,462,522 79,968 71,030 178,333 212,660 153,742 46,839 29,708 53,959 115,036 325,722
Capital
Capital paid in 27,346 1,345 8,742 2,104 2,134 5,747 1,559 779 227 115 277 438 3,879
Surplus 27,346 1,345 8,742 2,104 2,134 5,747 1,559 779 227 115 277 438 3,879
Other capital 0 0 0 0 0 0 0 0 0 0 0 0 0
Total liabilities and capital 2,861,340 79,819 1,480,006 84,176 75,299 189,827 215,778 155,301 47,293 29,937 54,513 115,913 333,479
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 5, 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
Dec 5, 2012
Federal Reserve notes outstanding 1,337,267
Less: Notes held by F.R. Banks not subject to collateralization 224,945
Federal Reserve notes to be collateralized 1,112,322
Collateral held against Federal Reserve notes 1,112,322
Gold certificate account 11,037
Special drawing rights certificate account 5,200
U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 1,096,086
Other assets pledged 0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 2,616,521
Less: Face value of securities under reverse repurchase agreements 81,636
U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 2,534,886
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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