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Release Date: May 2, 2013
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FEDERAL RESERVE statistical release
H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks May 2, 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 May 1, 2013
Federal Reserve Banks May 1, 2013 Apr 24, 2013 May 2, 2012
Reserve Bank credit 3,266,101 - 4,761 + 448,528 3,273,728
Securities held outright (1) 3,034,034 - 6,016 + 424,766 3,041,571
U.S. Treasury securities 1,840,524 + 9,157 + 173,632 1,847,983
Bills (2) 0 0 - 18,423 0
Notes and bonds, nominal (2) 1,748,249 + 8,986 + 176,436 1,755,658
Notes and bonds, inflation-indexed (2) 80,277 0 + 12,857 80,277
Inflation compensation (3) 11,999 + 173 + 2,763 12,048
Federal agency debt securities (2) 72,053 0 - 22,518 72,053
Mortgage-backed securities (4) 1,121,457 - 15,173 + 273,652 1,121,535
Unamortized premiums on securities held outright (5) 196,106 + 479 + 69,042 196,344
Unamortized discounts on securities held outright (5) -1,650 + 14 + 676 -1,649
Repurchase agreements (6) 0 0 0 0
Loans 405 - 4 - 6,223 419
Primary credit 10 - 7 - 73 15
Secondary credit 0 0 0 0
Seasonal credit 17 + 4 + 3 26
Term Asset-Backed Securities Loan Facility (7) 377 - 1 - 6,154 377
Other credit extensions 0 0 0 0
Net portfolio holdings of Maiden Lane LLC (8) 1,425 + 16 - 2,751 1,428
Net portfolio holdings of Maiden Lane II LLC (9) 64 0 + 45 64
Net portfolio holdings of Maiden Lane III LLC (10) 22 0 - 19,953 22
Net portfolio holdings of TALF LLC (11) 393 0 - 443 393
Float -689 - 59 + 175 -698
Central bank liquidity swaps (12) 8,576 + 1,024 - 19,375 8,576
Other Federal Reserve assets (13) 27,415 - 215 + 2,568 27,259
Foreign currency denominated assets (14) 23,651 + 149 - 2,138 23,850
Gold stock 11,041 0 0 11,041
Special drawing rights certificate account 5,200 0 0 5,200
Treasury currency outstanding (15) 45,015 + 14 + 588 45,015
Total factors supplying reserve funds 3,351,008 - 4,598 + 446,979 3,358,835
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 May 1, 2013
Federal Reserve Banks May 1, 2013 Apr 24, 2013 May 2, 2012
Currency in circulation (15) 1,180,382 + 1,566 + 79,848 1,182,772
Reverse repurchase agreements (16) 95,161 + 927 - 2,785 95,281
Foreign official and international accounts 95,161 + 927 - 2,785 95,281
Others 0 0 0 0
Treasury cash holdings 186 + 3 + 46 183
Deposits with F.R. Banks, other than reserve balances 177,687 - 20,188 + 39,449 201,664
Term deposits held by depository institutions 0 0 0 0
U.S. Treasury, General Account 157,054 + 28,354 + 36,306 184,624
Foreign official 9,958 + 88 + 9,820 9,949
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 10,675 - 48,630 - 4,749 7,091
Other liabilities and capital (17) 65,751 - 625 - 8,961 65,382
Total factors, other than reserve balances,
absorbing reserve funds 1,519,167 - 18,318 + 107,598 1,545,282
Reserve balances with Federal Reserve Banks 1,831,841 + 13,719 + 339,381 1,813,553
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 May 1, 2013
May 1, 2013 Apr 24, 2013 May 2, 2012
Securities held in custody for foreign official and
international accounts 3,295,051 - 2,629 + 196,484 3,297,441
Marketable U.S. Treasury securities (1) 2,945,728 + 1,108 + 252,040 2,948,108
Federal agency debt and mortgage-backed securities (2) 310,894 - 3,936 - 56,485 310,750
Other securities (3) 38,429 + 199 + 928 38,583
Securities lent to dealers 22,696 + 3,872 + 8,914 23,669
Overnight facility (4) 22,696 + 3,872 + 8,914 23,669
U.S. Treasury securities 21,680 + 3,688 + 8,780 22,290
Federal agency debt securities 1,016 + 184 + 135 1,379
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, May 1, 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) 15 26 0 377 0 ... 419
U.S. Treasury securities (2)
Holdings 2 4 308 491,298 882,001 474,369 1,847,983
Weekly changes + 1 - 2 + 1 + 23,632 - 15,076 + 3,199 + 11,756
Federal agency debt securities (3)
Holdings 0 5,532 21,556 40,574 2,044 2,347 72,053
Weekly changes 0 0 0 0 0 0 0
Mortgage-backed securities (4)
Holdings 0 0 1 1 2,686 1,118,847 1,121,535
Weekly changes 0 0 0 0 - 56 - 14,416 - 14,472
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) 1,300 7,276 0 0 0 0 8,576
Reverse repurchase agreements (6) 95,281 0 ... ... ... ... 95,281
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
May 1, 2013
Mortgage-backed securities held outright (1) 1,121,535
Commitments to buy mortgage-backed securities (2) 92,712
Commitments to sell mortgage-backed securities (2) 0
Cash and cash equivalents (3) 41
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
May 1, 2013
Net portfolio holdings of Maiden Lane LLC (1) 1,428
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
May 1, 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
May 1, 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
May 1, 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 May 1, 2013 Wednesday Wednesday
consolidation Apr 24, 2013 May 2, 2012
Assets
Gold certificate account 11,037 0 0
Special drawing rights certificate account 5,200 0 0
Coin 2,039 - 8 - 191
Securities, unamortized premiums and discounts,
repurchase agreements, and loans 3,236,685 - 2,453 + 494,444
Securities held outright (1) 3,041,571 - 2,716 + 431,550
U.S. Treasury securities 1,847,983 + 11,756 + 180,353
Bills (2) 0 0 - 18,423
Notes and bonds, nominal (2) 1,755,658 + 11,598 + 183,394
Notes and bonds, inflation-indexed (2) 80,277 0 + 12,611
Inflation compensation (3) 12,048 + 157 + 2,771
Federal agency debt securities (2) 72,053 0 - 22,518
Mortgage-backed securities (4) 1,121,535 - 14,472 + 273,715
Unamortized premiums on securities held outright
(5) 196,344 + 250 + 68,599
Unamortized discounts on securities held outright
(5) -1,649 + 13 + 677
Repurchase agreements (6) 0 0 0
Loans 419 + 1 - 6,382
Net portfolio holdings of Maiden Lane LLC (7) 1,428 + 4 - 2,755
Net portfolio holdings of Maiden Lane II LLC (8) 64 0 + 45
Net portfolio holdings of Maiden Lane III LLC (9) 22 0 - 20,185
Net portfolio holdings of TALF LLC (10) 393 0 - 443
Items in process of collection (0) 591 + 457 + 305
Bank premises 2,296 - 5 - 69
Central bank liquidity swaps (11) 8,576 + 1,024 - 18,680
Foreign currency denominated assets (12) 23,850 + 423 - 1,938
Other assets (13) 25,014 - 896 + 2,383
Total assets (0) 3,317,194 - 1,455 + 452,914
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 May 1, 2013 Wednesday Wednesday
consolidation Apr 24, 2013 May 2, 2012
Liabilities
Federal Reserve notes, net of F.R. Bank holdings 1,139,975 + 2,370 + 79,342
Reverse repurchase agreements (14) 95,281 + 4,826 + 4,945
Deposits (0) 2,015,267 - 9,734 + 375,683
Term deposits held by depository institutions 0 0 0
Other deposits held by depository institutions 1,813,604 + 64,117 + 330,460
U.S. Treasury, General Account 184,624 + 17,003 + 47,878
Foreign official 9,949 + 80 + 9,812
Other (0) 7,091 - 90,932 - 12,467
Deferred availability cash items (0) 1,290 + 437 + 153
Other liabilities and accrued dividends (15) 10,225 + 617 - 7,885
Total liabilities (0) 3,262,037 - 1,484 + 452,236
Capital accounts
Capital paid in 27,579 + 15 + 339
Surplus 27,579 + 15 + 339
Other capital accounts 0 0 0
Total capital 55,157 + 29 + 678
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, May 1, 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 2,039 40 101 132 146 360 184 302 26 53 162 189 344
Securities, unamortized premiums and
discounts, repurchase agreements,
and loans 3,236,685 84,625 1,795,020 93,768 82,651 201,239 214,988 174,887 52,073 30,717 61,236 125,672 319,808
Securities held outright (1) 3,041,571 79,534 1,686,676 88,127 77,679 189,127 202,048 164,356 48,940 28,862 57,543 118,112 300,568
U.S. Treasury securities 1,847,983 48,323 1,024,782 53,544 47,196 114,909 122,759 99,858 29,735 17,536 34,962 71,762 182,618
Bills (2) 0 0 0 0 0 0 0 0 0 0 0 0 0
Notes and bonds (3) 1,847,983 48,323 1,024,782 53,544 47,196 114,909 122,759 99,858 29,735 17,536 34,962 71,762 182,618
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) 1,121,535 29,327 621,937 32,496 28,643 69,738 74,502 60,604 18,046 10,642 21,218 43,552 110,830
Unamortized premiums on securities held
outright (5) 196,344 5,134 108,881 5,689 5,014 12,209 13,043 10,610 3,159 1,863 3,715 7,625 19,403
Unamortized discounts on securities
held outright (5) -1,649 -43 -915 -48 -42 -103 -110 -89 -27 -16 -31 -64 -163
Repurchase agreements (6) 0 0 0 0 0 0 0 0 0 0 0 0 0
Loans 419 0 378 0 1 5 7 11 1 7 9 0 0
Net portfolio holdings of Maiden
Lane LLC (7) 1,428 0 1,428 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 591 0 0 0 0 0 591 0 0 0 0 0 0
Bank premises 2,296 118 427 72 114 229 213 201 129 102 250 236 206
Central bank liquidity swaps (11) 8,576 421 2,741 663 669 1,801 489 245 71 36 87 136 1,216
Foreign currency denominated assets (12) 23,850 1,172 7,631 1,844 1,860 5,007 1,358 680 199 100 241 378 3,381
Other assets (13) 25,014 690 13,420 737 654 1,741 1,689 1,346 453 302 495 990 2,496
Interdistrict settlement account 0 - 17,866 + 180,872 - 17,304 - 12,092 - 19,029 - 23,112 - 22,685 - 6,365 - 7,992 - 15,603 - 23,938 - 14,886
Total assets 3,317,194 69,788 2,007,863 80,520 74,751 192,616 198,474 156,191 47,046 23,597 47,330 104,673 314,346
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, May 1, 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 1,415,921 46,546 539,297 46,237 60,655 104,664 173,310 94,883 36,568 23,358 37,393 98,564 154,446
Less: Notes held by F.R. Banks 275,946 12,281 90,447 4,872 8,733 11,085 32,868 15,052 3,512 8,414 10,955 49,220 28,508
Federal Reserve notes, net 1,139,975 34,265 448,850 41,365 51,923 93,579 140,442 79,831 33,056 14,945 26,438 49,344 125,938
Reverse repurchase agreements (14) 95,281 2,491 52,837 2,761 2,433 5,925 6,329 5,149 1,533 904 1,803 3,700 9,416
Deposits 2,015,267 30,179 1,482,910 31,767 15,735 80,610 46,761 69,220 11,795 7,255 18,340 50,369 170,325
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 1,813,604 30,175 1,281,535 31,724 15,732 80,427 46,751 69,193 11,795 7,255 18,338 50,367 170,311
U.S. Treasury, General Account 184,624 0 184,624 0 0 0 0 0 0 0 0 0 0
Foreign official 9,949 2 9,921 3 3 8 2 1 0 0 0 1 6
Other 7,091 2 6,830 40 0 174 8 26 0 0 1 1 9
Deferred availability cash items 1,290 0 7 0 0 0 1,185 0 0 98 0 0 0
Interest on Federal Reserve notes due
to U.S. Treasury (15) 1,809 51 897 72 64 191 121 86 29 15 30 63 190
Other liabilities and accrued
dividends (16) 8,416 215 4,841 266 266 649 470 393 169 145 156 280 566
Total liabilities 3,262,037 67,201 1,990,342 76,230 70,421 180,953 195,308 154,679 46,583 23,363 46,767 103,755 306,436
Capital
Capital paid in 27,579 1,293 8,761 2,145 2,165 5,831 1,583 756 232 117 281 459 3,955
Surplus 27,579 1,293 8,761 2,145 2,165 5,831 1,583 756 232 117 281 459 3,955
Other capital 0 0 0 0 0 0 0 0 0 0 0 0 0
Total liabilities and capital 3,317,194 69,788 2,007,863 80,520 74,751 192,616 198,474 156,191 47,046 23,597 47,330 104,673 314,346
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, May 1, 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
May 1, 2013
Federal Reserve notes outstanding 1,415,921
Less: Notes held by F.R. Banks not subject to collateralization 275,946
Federal Reserve notes to be collateralized 1,139,975
Collateral held against Federal Reserve notes 1,139,975
Gold certificate account 11,037
Special drawing rights certificate account 5,200
U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 1,123,738
Other assets pledged 0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 3,041,571
Less: Face value of securities under reverse repurchase agreements 80,801
U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 2,960,770
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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