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Release Date: April 25, 2013
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FEDERAL RESERVE statistical release
For release at
4:30 P.M. EDT
April 25, 2013
The weekly average values, shown in table 1, reflect the March 31, 2013, quarterly updates to the fair
values of the net portfolio holdings of Maiden Lane LLC and the fair value adjustment of the Term Asset-Backed
Securities Loan Facility, or TALF, which is included in "Other Federal Reserve assets." The amounts for the first
six days of this reporting week are based on the values as of December 31, 2012, and the amounts for the last
day of the reporting week are based on the values as of March 31, 2013.
FEDERAL RESERVE statistical release
H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks April 25, 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 24, 2013
Federal Reserve Banks Apr 24, 2013 Apr 17, 2013 Apr 25, 2012
Reserve Bank credit 3,270,862 + 29,911 + 438,550 3,276,085
Securities held outright (1) 3,040,050 + 27,511 + 417,360 3,044,287
U.S. Treasury securities 1,831,367 + 11,710 + 164,323 1,836,227
Bills (2) 0 0 - 18,423 0
Notes and bonds, nominal (2) 1,739,263 + 11,535 + 167,031 1,744,060
Notes and bonds, inflation-indexed (2) 80,277 0 + 13,041 80,277
Inflation compensation (3) 11,826 + 175 + 2,672 11,891
Federal agency debt securities (2) 72,053 0 - 22,608 72,053
Mortgage-backed securities (4) 1,136,630 + 15,801 + 275,645 1,136,007
Unamortized premiums on securities held outright (5) 195,627 + 1,298 + 69,221 196,094
Unamortized discounts on securities held outright (5) -1,664 + 5 + 679 -1,662
Repurchase agreements (6) 0 0 0 0
Loans 409 + 16 - 6,217 418
Primary credit 17 + 15 + 9 20
Secondary credit 0 0 0 0
Seasonal credit 13 + 4 + 2 20
Term Asset-Backed Securities Loan Facility (7) 378 - 4 - 6,230 377
Other credit extensions 0 0 0 0
Net portfolio holdings of Maiden Lane LLC (8) 1,409 + 5 - 2,649 1,424
Net portfolio holdings of Maiden Lane II LLC (9) 64 0 + 45 64
Net portfolio holdings of Maiden Lane III LLC (10) 22 0 - 17,633 22
Net portfolio holdings of TALF LLC (11) 393 + 1 - 442 393
Float -630 + 116 - 24 -719
Central bank liquidity swaps (12) 7,552 0 - 24,419 7,552
Other Federal Reserve assets (13) 27,630 + 958 + 2,629 28,211
Foreign currency denominated assets (14) 23,502 - 109 - 2,071 23,427
Gold stock 11,041 0 0 11,041
Special drawing rights certificate account 5,200 0 0 5,200
Treasury currency outstanding (15) 45,001 + 14 + 581 45,001
Total factors supplying reserve funds 3,355,606 + 29,815 + 437,060 3,360,754
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 24, 2013
Federal Reserve Banks Apr 24, 2013 Apr 17, 2013 Apr 25, 2012
Currency in circulation (15) 1,178,816 + 384 + 79,524 1,180,377
Reverse repurchase agreements (16) 94,234 - 2,907 + 4,869 90,455
Foreign official and international accounts 94,234 - 1,336 + 4,869 90,455
Others 0 - 1,571 0 0
Treasury cash holdings 183 - 15 + 42 186
Deposits with F.R. Banks, other than reserve balances 197,875 + 74,059 + 79,916 275,513
Term deposits held by depository institutions 0 0 0 0
U.S. Treasury, General Account 128,700 + 46,128 + 50,202 167,621
Foreign official 9,870 - 13 + 9,740 9,869
Service-related 0 0 - 1,927 0
Required clearing balances 0 0 - 1,927 0
Adjustments to compensate for float 0 0 0 0
Other 59,305 + 27,944 + 21,901 98,023
Other liabilities and capital (17) 66,376 - 3,895 - 6,278 64,736
Total factors, other than reserve balances,
absorbing reserve funds 1,537,485 + 67,627 + 158,074 1,611,267
Reserve balances with Federal Reserve Banks 1,818,122 - 37,811 + 278,987 1,749,487
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 24, 2013
Apr 24, 2013 Apr 17, 2013 Apr 25, 2012
Securities held in custody for foreign official and
international accounts 3,297,680 + 1,416 + 202,142 3,303,967
Marketable U.S. Treasury securities (1) 2,944,620 - 14,139 + 256,706 2,951,413
Federal agency debt and mortgage-backed securities (2) 314,830 + 15,371 - 55,604 314,153
Other securities (3) 38,230 + 184 + 1,040 38,401
Securities lent to dealers 18,824 + 495 + 5,267 22,024
Overnight facility (4) 18,824 + 495 + 5,267 22,024
U.S. Treasury securities 17,992 + 589 + 5,195 21,071
Federal agency debt securities 832 - 94 + 73 953
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 24, 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) 37 3 0 377 0 ... 418
U.S. Treasury securities (2)
Holdings 1 6 307 467,666 897,077 471,170 1,836,227
Weekly changes 0 0 0 + 21 + 7,140 + 4,024 + 11,185
Federal agency debt securities (3)
Holdings 0 5,532 21,556 40,574 2,044 2,347 72,053
Weekly changes 0 0 + 1,629 - 1,629 0 0 0
Mortgage-backed securities (4)
Holdings 0 0 1 1 2,742 1,133,263 1,136,007
Weekly changes 0 0 0 0 + 2 + 9,886 + 9,888
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) 90,455 0 ... ... ... ... 90,455
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 24, 2013
Mortgage-backed securities held outright (1) 1,136,007
Commitments to buy mortgage-backed securities (2) 77,784
Commitments to sell mortgage-backed securities (2) 0
Cash and cash equivalents (3) 99
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 24, 2013
Net portfolio holdings of Maiden Lane LLC (1) 1,424
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 March 31, 2013. Any assets purchased after this
valuation date are initially recorded at cost until their estimated fair value as of the purchase date
becomes available.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's
statement of condition consistent with consolidation under generally accepted accounting principles. Refer
to the note on consolidation accompanying table 9.
3. Book value. The fair value of these obligations is included in other liabilities and capital in
table 1 and in other liabilities and accrued dividends in table 8 and table 9.
Note: On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended credit to Maiden Lane LLC
under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to
acquire certain assets of Bear Stearns and to manage those assets through time to maximize repayment of the credit
extended and to minimize disruption to financial markets. Payments by Maiden Lane LLC from the proceeds of
the net portfolio holdings will be made in the following order: operating expenses of the LLC, principal due to
the FRBNY, interest due to the FRBNY, principal due to JPMorgan Chase & Co., and interest due to JPMorgan
Chase & Co. Any remaining funds will be paid to the FRBNY.
5. Information on Principal Accounts of Maiden Lane II LLC
Millions of dollars
Account name Wednesday
Apr 24, 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 March 31, 2013. Any assets purchased after this
valuation date are initially recorded at cost until their estimated fair value as of the purchase date
becomes available.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's
statement of condition consistent with consolidation under generally accepted accounting principles. Refer
to the note on consolidation accompanying table 9.
3. Book value. The deferred payment represents the portion of the proceeds of the net portfolio
holdings due to subsidiaries of American International Group, Inc. in accordance with the asset purchase
agreement. The fair value of this payment and accrued interest payable are included in other
liabilities and capital in table 1 and in other liabilities and accrued dividends in table 8 and table 9.
Note: On December 12, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden
Lane II LLC under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was
formed to purchase residential mortgage-backed securities from the U.S. securities lending reinvestment
portfolio of subsidiaries of American International Group, Inc. (AIG subsidiaries). Payments by Maiden Lane II LLC
from the proceeds of the net portfolio holdings will be made in the following order: operating expenses of
Maiden Lane II LLC, principal due to the FRBNY, interest due to the FRBNY, and deferred payment and interest due
to AIG subsidiaries. Any remaining funds will be shared by the FRBNY and AIG subsidiaries.
6. Information on Principal Accounts of Maiden Lane III LLC
Millions of dollars
Account name Wednesday
Apr 24, 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 March 31, 2013. Any assets purchased after this
valuation date are initially recorded at cost until their estimated fair value as of the purchase date
becomes available.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's
statement of condition consistent with consolidation under generally accepted accounting principles. Refer
to the note on consolidation accompanying table 9.
3. Book value. The fair value of these obligations is included in other liabilities and capital in
table 1 and in other liabilities and accrued dividends in table 8 and table 9.
Note: On November 25, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden
Lane III LLC under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was
formed to purchase multi-sector collateralized debt obligations (CDOs) on which the Financial Products group
of American International Group, Inc. (AIG) has written credit default swap (CDS) contracts. In connection
with the purchase of CDOs, the CDS counterparties will concurrently unwind the related CDS transactions. Payments
by Maiden Lane III LLC from the proceeds of the net portfolio holdings will be made in the following order:
operating expenses of Maiden Lane III LLC, principal due to the FRBNY, interest due to the FRBNY, principal due
to AIG, and interest due to AIG. Any remaining funds will be shared by the FRBNY and AIG.
7. Information on Principal Accounts of TALF LLC
Millions of dollars
Account name Wednesday
Apr 24, 2013
Asset-backed securities holdings (1) 0
Other investments, net 393
Net portfolio holdings of TALF LLC 393
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 24, 2013 Wednesday Wednesday
consolidation Apr 17, 2013 Apr 25, 2012
Assets
Gold certificate account 11,037 0 0
Special drawing rights certificate account 5,200 0 0
Coin 2,047 - 22 - 186
Securities, unamortized premiums and discounts,
repurchase agreements, and loans 3,239,138 + 22,511 + 498,089
Securities held outright (1) 3,044,287 + 21,074 + 434,153
U.S. Treasury securities 1,836,227 + 11,185 + 168,461
Bills (2) 0 0 - 18,423
Notes and bonds, nominal (2) 1,744,060 + 11,011 + 171,135
Notes and bonds, inflation-indexed (2) 80,277 0 + 13,041
Inflation compensation (3) 11,891 + 175 + 2,708
Federal agency debt securities (2) 72,053 0 - 22,518
Mortgage-backed securities (4) 1,136,007 + 9,888 + 288,211
Unamortized premiums on securities held outright
(5) 196,094 + 1,420 + 69,427
Unamortized discounts on securities held outright
(5) -1,662 + 2 + 665
Repurchase agreements (6) 0 0 0
Loans 418 + 14 - 6,157
Net portfolio holdings of Maiden Lane LLC (7) 1,424 + 18 - 2,746
Net portfolio holdings of Maiden Lane II LLC (8) 64 0 + 45
Net portfolio holdings of Maiden Lane III LLC (9) 22 0 - 19,783
Net portfolio holdings of TALF LLC (10) 393 + 1 - 443
Items in process of collection (0) 134 + 10 - 80
Bank premises 2,301 + 1 - 52
Central bank liquidity swaps (11) 7,552 0 - 24,419
Foreign currency denominated assets (12) 23,427 - 214 - 2,186
Other assets (13) 25,910 + 1,235 + 3,849
Total assets (0) 3,318,649 + 23,540 + 452,088
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 24, 2013 Wednesday Wednesday
consolidation Apr 17, 2013 Apr 25, 2012
Liabilities
Federal Reserve notes, net of F.R. Bank holdings 1,137,605 + 1,260 + 79,297
Reverse repurchase agreements (14) 90,455 - 7,122 - 1,992
Deposits (0) 2,025,001 + 31,526 + 383,972
Term deposits held by depository institutions 0 0 0
Other deposits held by depository institutions 1,749,487 - 99,742 + 223,168
U.S. Treasury, General Account 167,621 + 46,417 + 65,029
Foreign official 9,869 - 1 + 9,741
Other (0) 98,023 + 84,851 + 86,033
Deferred availability cash items (0) 853 - 70 - 165
Other liabilities and accrued dividends (15) 9,608 - 2,040 - 9,689
Total liabilities (0) 3,263,521 + 23,553 + 451,422
Capital accounts
Capital paid in 27,564 - 7 + 333
Surplus 27,564 - 7 + 333
Other capital accounts 0 0 0
Total capital 55,128 - 13 + 665
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 24, 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 2,047 39 102 134 148 364 185 304 23 53 162 188 345
Securities, unamortized premiums and
discounts, repurchase agreements,
and loans 3,239,138 84,695 1,796,381 93,840 82,714 201,394 215,150 175,016 52,112 30,735 61,284 125,767 320,050
Securities held outright (1) 3,044,287 79,605 1,688,182 88,206 77,748 189,296 202,228 164,503 48,983 28,888 57,595 118,217 300,836
U.S. Treasury securities 1,836,227 48,016 1,018,263 53,203 46,895 114,178 121,978 99,223 29,545 17,424 34,739 71,305 181,456
Bills (2) 0 0 0 0 0 0 0 0 0 0 0 0 0
Notes and bonds (3) 1,836,227 48,016 1,018,263 53,203 46,895 114,178 121,978 99,223 29,545 17,424 34,739 71,305 181,456
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) 1,136,007 29,705 629,962 32,915 29,012 70,638 75,463 61,386 18,279 10,780 21,492 44,114 112,260
Unamortized premiums on securities held
outright (5) 196,094 5,128 108,742 5,682 5,008 12,193 13,026 10,596 3,155 1,861 3,710 7,615 19,378
Unamortized discounts on securities
held outright (5) -1,662 -43 -921 -48 -42 -103 -110 -90 -27 -16 -31 -65 -164
Repurchase agreements (6) 0 0 0 0 0 0 0 0 0 0 0 0 0
Loans 418 6 378 0 1 8 6 7 0 2 11 0 0
Net portfolio holdings of Maiden
Lane LLC (7) 1,424 0 1,424 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) 393 0 393 0 0 0 0 0 0 0 0 0 0
Items in process of collection 134 0 0 0 0 0 133 0 0 0 0 0 0
Bank premises 2,301 118 429 71 114 229 213 202 129 102 251 236 207
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) 23,427 1,151 7,491 1,812 1,827 4,919 1,334 668 195 98 237 372 3,322
Other assets (13) 25,910 725 13,898 765 676 1,798 1,741 1,388 458 303 510 1,115 2,532
Interdistrict settlement account 0 - 23,467 + 196,092 - 15,589 - 9,425 - 35,774 - 24,332 - 24,134 - 7,155 - 7,292 - 15,450 - 28,084 - 5,389
Total assets 3,318,649 64,220 2,024,453 82,224 77,392 175,785 196,930 154,874 46,285 24,311 47,533 100,724 323,920
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 24, 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 1,412,088 46,759 534,216 46,467 60,918 104,141 173,772 95,075 36,691 23,498 37,578 98,386 154,587
Less: Notes held by F.R. Banks 274,483 12,260 91,514 4,703 8,771 11,030 32,344 14,966 3,648 8,081 10,858 48,602 27,706
Federal Reserve notes, net 1,137,605 34,499 442,702 41,764 52,148 93,111 141,428 80,109 33,042 15,417 26,720 49,784 126,881
Reverse repurchase agreements (14) 90,455 2,365 50,161 2,621 2,310 5,625 6,009 4,888 1,455 858 1,711 3,513 8,939
Deposits 2,025,001 24,496 1,508,713 33,248 18,309 64,658 45,108 67,884 11,127 7,447 18,352 46,162 179,497
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 1,749,487 24,493 1,233,485 33,208 18,305 64,476 45,098 67,857 11,126 7,447 18,350 46,159 179,482
U.S. Treasury, General Account 167,621 0 167,621 0 0 0 0 0 0 0 0 0 0
Foreign official 9,869 2 9,842 3 3 8 2 1 0 0 0 1 6
Other 98,023 1 97,765 37 0 174 8 26 0 0 1 3 9
Deferred availability cash items 853 0 0 0 0 0 660 0 0 193 0 0 0
Interest on Federal Reserve notes due
to U.S. Treasury (15) 1,655 47 984 35 36 66 109 93 27 16 31 67 145
Other liabilities and accrued
dividends (16) 7,953 226 4,372 266 264 662 473 388 171 146 156 280 550
Total liabilities 3,263,521 61,634 2,006,931 77,934 73,066 164,122 193,787 153,362 45,822 24,077 46,970 99,806 316,011
Capital
Capital paid in 27,564 1,293 8,761 2,145 2,163 5,832 1,571 756 232 117 281 459 3,954
Surplus 27,564 1,293 8,761 2,145 2,163 5,832 1,571 756 232 117 281 459 3,954
Other capital 0 0 0 0 0 0 0 0 0 0 0 0 0
Total liabilities and capital 3,318,649 64,220 2,024,453 82,224 77,392 175,785 196,930 154,874 46,285 24,311 47,533 100,724 323,920
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 24, 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 24, 2013
Federal Reserve notes outstanding 1,412,088
Less: Notes held by F.R. Banks not subject to collateralization 274,483
Federal Reserve notes to be collateralized 1,137,605
Collateral held against Federal Reserve notes 1,137,605
Gold certificate account 11,037
Special drawing rights certificate account 5,200
U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 1,121,368
Other assets pledged 0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 3,044,287
Less: Face value of securities under reverse repurchase agreements 77,394
U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 2,966,894
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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