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Release Date: April 18, 2013
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FEDERAL RESERVE statistical release
For Release at
4:30 P.M. EDT
April 18, 2013
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 separately present the amount of unamortized
premiums and unamortized discounts on securities held outright, as well as the amount of foreign currency
denominated asset holdings.
The amounts shown in table 1 of this release as "Unamortized premiums on securities held outright" and
"Foreign currency denominated assets" were previously included as components of "Other Federal Reserve assets." The
footnote accompanying "Other Federal Reserve assets" in table 1 has been updated to identify the remaining
major components, which include accrued interest, other accounts receivable, and bank premises. The amount shown
in table 1 of this release as "Unamortized discounts on securities held outright" was previously included as
a component of "Other liabilities and capital." The release also reflects this additional detail on tables 8
and 9.
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 April 18, 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 Apr 17, 2013
Federal Reserve Banks Apr 17, 2013 Apr 10, 2013 Apr 18, 2012
Reserve Bank credit 3,240,951 + 60,369 + 403,101 3,252,240
Securities held outright (1) 3,012,539 + 57,608 + 382,202 3,023,213
U.S. Treasury securities 1,819,657 + 8,093 + 144,655 1,825,042
Bills (2) 0 0 - 18,423 0
Notes and bonds, nominal (2) 1,727,728 + 6,635 + 148,431 1,733,049
Notes and bonds, inflation-indexed (2) 80,277 + 999 + 12,174 80,277
Inflation compensation (3) 11,651 + 459 + 2,472 11,716
Federal agency debt securities (2) 72,053 - 264 - 23,330 72,053
Mortgage-backed securities (4) 1,120,829 + 49,779 + 260,877 1,126,119
Unamortized premiums on securities held outright (5) 194,329 + 2,339 + 69,950 194,674
Unamortized discounts on securities held outright (5) -1,669 - 13 + 667 -1,664
Repurchase agreements (6) 0 0 0 0
Loans 393 - 7 - 6,568 404
Primary credit 2 - 8 - 4 12
Secondary credit 0 0 0 0
Seasonal credit 9 + 1 + 1 10
Term Asset-Backed Securities Loan Facility (7) 382 0 - 6,565 382
Other credit extensions 0 0 0 0
Net portfolio holdings of Maiden Lane LLC (8) 1,404 + 2 - 2,831 1,406
Net portfolio holdings of Maiden Lane II LLC (9) 64 0 + 45 64
Net portfolio holdings of Maiden Lane III LLC (10) 22 0 - 17,309 22
Net portfolio holdings of TALF LLC (11) 392 0 - 439 392
Float -746 + 151 + 103 -799
Central bank liquidity swaps (12) 7,552 - 1,199 - 24,819 7,552
Other Federal Reserve assets (13) 26,672 + 1,490 + 2,100 26,974
Foreign currency denominated assets (14) 23,611 + 11 - 1,946 23,641
Gold stock 11,041 0 0 11,041
Special drawing rights certificate account 5,200 0 0 5,200
Treasury currency outstanding (15) 44,961 + 14 + 547 44,961
Total factors supplying reserve funds 3,325,764 + 60,394 + 401,702 3,337,082
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 Apr 17, 2013
Federal Reserve Banks Apr 17, 2013 Apr 10, 2013 Apr 18, 2012
Currency in circulation (15) 1,178,405 - 176 + 78,219 1,179,060
Reverse repurchase agreements (16) 97,141 + 2,967 + 6,300 97,577
Foreign official and international accounts 95,570 + 2,299 + 4,729 97,577
Others 1,571 + 668 + 1,571 0
Treasury cash holdings 198 - 18 + 59 182
Deposits with F.R. Banks, other than reserve balances 123,816 + 41,765 + 27,915 144,246
Term deposits held by depository institutions 0 - 3,045 - 3,057 0
U.S. Treasury, General Account 82,572 + 23,805 + 29,145 121,204
Foreign official 9,883 + 637 + 9,720 9,870
Service-related 0 0 - 1,930 0
Required clearing balances 0 0 - 1,930 0
Adjustments to compensate for float 0 0 0 0
Other 31,361 + 20,367 - 5,962 13,172
Other liabilities and capital (17) 70,271 + 3,647 - 3,735 66,789
Total factors, other than reserve balances,
absorbing reserve funds 1,469,831 + 48,185 + 108,758 1,487,853
Reserve balances with Federal Reserve Banks 1,855,933 + 12,209 + 292,945 1,849,229
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. 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 Apr 17, 2013
Apr 17, 2013 Apr 10, 2013 Apr 18, 2012
Securities held in custody for foreign official and
international accounts 3,296,264 + 461 + 192,027 3,290,449
Marketable U.S. Treasury securities (1) 2,958,759 + 2,152 + 267,703 2,953,983
Federal agency debt and mortgage-backed securities (2) 299,459 - 1,823 - 76,716 298,341
Other securities (3) 38,046 + 132 + 1,039 38,125
Securities lent to dealers 18,329 - 549 + 4,127 17,046
Overnight facility (4) 18,329 - 549 + 4,127 17,046
U.S. Treasury securities 17,403 - 495 + 4,018 16,229
Federal agency debt securities 926 - 53 + 109 817
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, April 17, 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) 22 0 0 382 0 ... 404
U.S. Treasury securities (2)
Holdings 1 6 307 467,645 889,937 467,146 1,825,042
Weekly changes 0 0 - 1 + 5,602 + 3,356 + 1,603 + 10,560
Federal agency debt securities (3)
Holdings 0 5,532 19,927 42,203 2,044 2,347 72,053
Weekly changes 0 + 2,659 - 1,910 - 749 0 0 0
Mortgage-backed securities (4)
Holdings 0 0 1 1 2,740 1,123,377 1,126,119
Weekly changes 0 0 0 0 + 141 + 54,895 + 55,035
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) 303 7,249 0 0 0 0 7,552
Reverse repurchase agreements (6) 97,577 0 ... ... ... ... 97,577
Term deposits 0 0 0 ... ... ... 0
Note: Components may not sum to totals because of rounding.
...Not applicable.
1. Excludes the loans from the Federal Reserve Bank of New York (FRBNY) to Maiden Lane LLC, Maiden
Lane II LLC, Maiden Lane III LLC, and TALF LLC. The loans were eliminated when preparing the FRBNY's
statement of condition consistent with consolidation under generally accepted accounting principles.
2. Face value. For inflation-indexed securities, includes the original face value and compensation
that adjusts for the effect of inflation on the original face value of such securities.
3. Face value.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. 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
Apr 17, 2013
Mortgage-backed securities held outright (1) 1,126,119
Commitments to buy mortgage-backed securities (2) 76,512
Commitments to sell mortgage-backed securities (2) 2,500
Cash and cash equivalents (3) 269
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
Apr 17, 2013
Net portfolio holdings of Maiden Lane LLC (1) 1,406
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 December 31, 2012. Any assets purchased after this
valuation date are initially recorded at cost until their estimated fair value as of the purchase date
becomes available.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's
statement of condition consistent with consolidation under generally accepted accounting principles. Refer
to the note on consolidation accompanying table 9.
3. Book value. The fair value of these obligations is included in other liabilities and capital in
table 1 and in other liabilities and accrued dividends in table 8 and table 9.
Note: On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended credit to Maiden Lane LLC
under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to
acquire certain assets of Bear Stearns and to manage those assets through time to maximize repayment of the credit
extended and to minimize disruption to financial markets. Payments by Maiden Lane LLC from the proceeds of
the net portfolio holdings will be made in the following order: operating expenses of the LLC, principal due to
the FRBNY, interest due to the FRBNY, principal due to JPMorgan Chase & Co., and interest due to JPMorgan
Chase & Co. Any remaining funds will be paid to the FRBNY.
5. Information on Principal Accounts of Maiden Lane II LLC
Millions of dollars
Account name Wednesday
Apr 17, 2013
Net portfolio holdings of Maiden Lane II LLC (1) 64
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 0
Accrued interest payable to the Federal Reserve Bank of New York (2) 0
Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc. (3) 0
1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an
asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued
quarterly. This table reflects valuations as of December 31, 2012. Any assets purchased after this
valuation date are initially recorded at cost until their estimated fair value as of the purchase date
becomes available.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's
statement of condition consistent with consolidation under generally accepted accounting principles. Refer
to the note on consolidation accompanying table 9.
3. Book value. The deferred payment represents the portion of the proceeds of the net portfolio
holdings due to subsidiaries of American International Group, Inc. in accordance with the asset purchase
agreement. The fair value of this payment and accrued interest payable are included in other
liabilities and capital in table 1 and in other liabilities and accrued dividends in table 8 and table 9.
Note: On December 12, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden
Lane II LLC under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was
formed to purchase residential mortgage-backed securities from the U.S. securities lending reinvestment
portfolio of subsidiaries of American International Group, Inc. (AIG subsidiaries). Payments by Maiden Lane II LLC
from the proceeds of the net portfolio holdings will be made in the following order: operating expenses of
Maiden Lane II LLC, principal due to the FRBNY, interest due to the FRBNY, and deferred payment and interest due
to AIG subsidiaries. Any remaining funds will be shared by the FRBNY and AIG subsidiaries.
6. Information on Principal Accounts of Maiden Lane III LLC
Millions of dollars
Account name Wednesday
Apr 17, 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 December 31, 2012. Any assets purchased after this
valuation date are initially recorded at cost until their estimated fair value as of the purchase date
becomes available.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's
statement of condition consistent with consolidation under generally accepted accounting principles. Refer
to the note on consolidation accompanying table 9.
3. Book value. The fair value of these obligations is included in other liabilities and capital in
table 1 and in other liabilities and accrued dividends in table 8 and table 9.
Note: On November 25, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden
Lane III LLC under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was
formed to purchase multi-sector collateralized debt obligations (CDOs) on which the Financial Products group
of American International Group, Inc. (AIG) has written credit default swap (CDS) contracts. In connection
with the purchase of CDOs, the CDS counterparties will concurrently unwind the related CDS transactions. Payments
by Maiden Lane III LLC from the proceeds of the net portfolio holdings will be made in the following order:
operating expenses of Maiden Lane III LLC, principal due to the FRBNY, interest due to the FRBNY, principal due
to AIG, and interest due to AIG. Any remaining funds will be shared by the FRBNY and AIG.
7. Information on Principal Accounts of TALF LLC
Millions of dollars
Account name Wednesday
Apr 17, 2013
Asset-backed securities holdings (1) 0
Other investments, net 392
Net portfolio holdings of TALF LLC 392
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) extends loans with a term of up to five years to
holders of eligible asset-backed securities. The TALF is intended to assist financial markets in accommodating the
credit needs of consumers and businesses by facilitating the issuance of asset-backed securities collateralized
by a variety of consumer and business loans. The loans provided through the TALF to eligible borrowers are
non-recourse, meaning that the obligation of the borrower can be discharged by surrendering the collateral to
the FRBNY. The loans are extended for the market value of the security less an amount known as a haircut. As a
result, the borrower bears the initial risk of a decline in the value of the security.
TALF LLC is a limited liability company formed to purchase and manage any asset-backed securities received
by the FRBNY in connection with the decision of a borrower not to repay a TALF loan. TALF LLC has committed,
for a fee, to purchase all asset-backed securities received by the FRBNY in conjunction with a TALF loan at a
price equal to the TALF loan plus accrued but unpaid interest. Losses on asset-backed securities held by TALF
LLC will be offset in the following order: by the commitment fees collected by TALF LLC then by the interest
received on investments of TALF LLC. Payments by TALF LLC from the proceeds of its net portfolio holdings will be
made in the following order: operating expenses of TALF LLC, principal due to the FRBNY, principal due to the
U.S. Treasury, interest due to the FRBNY, and interest due to the U.S. Treasury. Any remaining funds will be
shared by the FRBNY and the U.S. Treasury.
8. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of dollars
Assets, liabilities, and capital Eliminations Wednesday Change since
from Apr 17, 2013 Wednesday Wednesday
consolidation Apr 10, 2013 Apr 18, 2012
Assets
Gold certificate account 11,037 0 0
Special drawing rights certificate account 5,200 0 0
Coin 2,069 - 12 - 172
Securities, unamortized premiums and discounts,
repurchase agreements, and loans 3,216,627 + 67,381 + 464,359
Securities held outright (1) 3,023,213 + 65,594 + 400,511
U.S. Treasury securities 1,825,042 + 10,560 + 152,901
Bills (2) 0 0 - 18,423
Notes and bonds, nominal (2) 1,733,049 + 10,385 + 155,671
Notes and bonds, inflation-indexed (2) 80,277 - 1 + 13,041
Inflation compensation (3) 11,716 + 175 + 2,612
Federal agency debt securities (2) 72,053 0 - 23,147
Mortgage-backed securities (4) 1,126,119 + 55,035 + 270,758
Unamortized premiums on securities held outright
(5) 194,674 + 1,835 + 69,692
Unamortized discounts on securities held outright
(5) -1,664 - 13 + 701
Repurchase agreements (6) 0 0 0
Loans 404 - 35 - 6,545
Net portfolio holdings of Maiden Lane LLC (7) 1,406 + 3 - 2,633
Net portfolio holdings of Maiden Lane II LLC (8) 64 0 + 45
Net portfolio holdings of Maiden Lane III LLC (9) 22 0 - 17,275
Net portfolio holdings of TALF LLC (10) 392 0 - 439
Items in process of collection (0) 124 + 16 - 153
Bank premises 2,300 + 3 - 54
Central bank liquidity swaps (11) 7,552 - 1,199 - 24,819
Foreign currency denominated assets (12) 23,641 + 170 - 1,880
Other assets (13) 24,675 + 986 + 2,659
Total assets (0) 3,295,109 + 67,347 + 419,639
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 Apr 17, 2013 Wednesday Wednesday
consolidation Apr 10, 2013 Apr 18, 2012
Liabilities
Federal Reserve notes, net of F.R. Bank holdings 1,136,345 - 742 + 77,795
Reverse repurchase agreements (14) 97,577 + 3,297 + 6,209
Deposits (0) 1,993,475 + 64,031 + 340,200
Term deposits held by depository institutions 0 - 3,045 - 3,057
Other deposits held by depository institutions 1,849,229 - 2,132 + 333,929
U.S. Treasury, General Account 121,204 + 68,717 + 18,111
Foreign official 9,870 + 490 + 9,743
Other (0) 13,172 + 1 - 18,526
Deferred availability cash items (0) 923 + 98 - 222
Other liabilities and accrued dividends (15) 11,648 + 660 - 5,025
Total liabilities (0) 3,239,968 + 67,345 + 418,957
Capital accounts
Capital paid in 27,571 + 1 + 342
Surplus 27,571 + 1 + 342
Other capital accounts 0 0 0
Total capital 55,141 + 2 + 682
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. 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, April 17, 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 2,069 38 104 134 150 368 190 307 26 54 161 191 345
Securities, unamortized premiums and
discounts, repurchase agreements,
and loans 3,216,627 84,101 1,783,910 93,188 82,139 199,987 213,652 173,802 51,753 30,520 60,852 124,894 317,828
Securities held outright (1) 3,023,213 79,054 1,676,496 87,595 77,210 187,986 200,828 163,364 48,644 28,688 57,196 117,399 298,754
U.S. Treasury securities 1,825,042 47,723 1,012,060 52,879 46,610 113,483 121,235 98,619 29,365 17,318 34,528 70,871 180,351
Bills (2) 0 0 0 0 0 0 0 0 0 0 0 0 0
Notes and bonds (3) 1,825,042 47,723 1,012,060 52,879 46,610 113,483 121,235 98,619 29,365 17,318 34,528 70,871 180,351
Federal agency debt securities (2) 72,053 1,884 39,956 2,088 1,840 4,480 4,786 3,893 1,159 684 1,363 2,798 7,120
Mortgage-backed securities (4) 1,126,119 29,447 624,479 32,628 28,760 70,023 74,807 60,851 18,120 10,686 21,305 43,730 111,283
Unamortized premiums on securities held
outright (5) 194,674 5,091 107,955 5,641 4,972 12,105 12,932 10,520 3,132 1,847 3,683 7,560 19,238
Unamortized discounts on securities
held outright (5) -1,664 -44 -923 -48 -42 -103 -111 -90 -27 -16 -31 -65 -164
Repurchase agreements (6) 0 0 0 0 0 0 0 0 0 0 0 0 0
Loans 404 0 382 0 0 0 3 9 3 1 5 0 1
Net portfolio holdings of Maiden
Lane LLC (7) 1,406 0 1,406 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of Maiden
Lane II LLC (8) 64 0 64 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of Maiden
Lane III LLC (9) 22 0 22 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of TALF LLC (10) 392 0 392 0 0 0 0 0 0 0 0 0 0
Items in process of collection 124 0 0 0 0 0 123 0 0 0 0 0 0
Bank premises 2,300 118 428 71 114 229 213 201 129 102 251 236 207
Central bank liquidity swaps (11) 7,552 371 2,414 584 589 1,586 430 215 63 32 76 120 1,071
Foreign currency denominated assets (12) 23,641 1,162 7,560 1,828 1,844 4,964 1,346 674 197 99 239 375 3,353
Other assets (13) 24,675 675 13,371 721 637 1,706 1,637 1,307 434 289 480 1,032 2,386
Interdistrict settlement account 0 - 17,824 + 103,727 - 11,509 - 9,973 - 17,889 - 12,642 - 23,475 - 3,977 - 5,292 - 11,778 - 22,535 + 33,167
Total assets 3,295,109 69,229 1,919,142 85,625 76,249 192,218 207,025 154,249 49,084 26,084 50,744 105,323 360,137
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, April 17, 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 1,408,559 46,789 532,190 46,521 60,946 103,317 173,578 94,976 36,727 23,489 37,530 98,023 154,473
Less: Notes held by F.R. Banks 272,214 11,773 94,066 4,457 8,670 10,930 31,569 15,024 3,578 7,685 10,609 47,247 26,607
Federal Reserve notes, net 1,136,345 35,016 438,124 42,064 52,276 92,386 142,009 79,952 33,149 15,805 26,922 50,777 127,866
Reverse repurchase agreements (14) 97,577 2,552 54,110 2,827 2,492 6,067 6,482 5,273 1,570 926 1,846 3,789 9,643
Deposits 1,993,475 28,783 1,402,524 36,088 16,832 81,248 53,952 66,950 13,690 8,827 21,208 49,456 213,916
Term deposits held by depository
institutions 0 0 0 0 0 0 0 0 0 0 0 0 0
Other deposits held by depository
institutions 1,849,229 28,780 1,258,592 36,035 16,829 81,050 53,942 66,923 13,690 8,826 21,206 49,454 213,902
U.S. Treasury, General Account 121,204 0 121,204 0 0 0 0 0 0 0 0 0 0
Foreign official 9,870 2 9,842 3 3 8 2 1 0 0 0 1 6
Other 13,172 1 12,886 50 0 190 8 26 0 0 1 2 9
Deferred availability cash items 923 0 0 0 0 0 799 0 0 124 0 0 0
Interest on Federal Reserve notes due
to U.S. Treasury (15) 1,690 42 907 62 22 133 110 120 27 14 33 65 155
Other liabilities and accrued
dividends (16) 9,958 250 5,954 295 285 720 530 442 185 154 173 318 651
Total liabilities 3,239,968 66,642 1,901,621 81,335 71,907 180,555 203,883 152,737 48,621 25,849 50,181 104,405 352,231
Capital
Capital paid in 27,571 1,293 8,761 2,145 2,171 5,832 1,571 756 232 117 281 459 3,953
Surplus 27,571 1,293 8,761 2,145 2,171 5,832 1,571 756 232 117 281 459 3,953
Other capital 0 0 0 0 0 0 0 0 0 0 0 0 0
Total liabilities and capital 3,295,109 69,229 1,919,142 85,625 76,249 192,218 207,025 154,249 49,084 26,084 50,744 105,323 360,137
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, April 17, 2013 (continued)
1. Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.
2. Face value of the securities.
3. Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face value of such securities.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the underlying mortgages.
5. 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
Apr 17, 2013
Federal Reserve notes outstanding 1,408,559
Less: Notes held by F.R. Banks not subject to collateralization 272,214
Federal Reserve notes to be collateralized 1,136,345
Collateral held against Federal Reserve notes 1,136,345
Gold certificate account 11,037
Special drawing rights certificate account 5,200
U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 1,120,109
Other assets pledged 0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 3,023,213
Less: Face value of securities under reverse repurchase agreements 93,819
U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 2,929,395
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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