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Release Date: May 23, 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 23, 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 22, 2013
Federal Reserve Banks May 22, 2013 May 15, 2013 May 23, 2012
Reserve Bank credit 3,336,659 + 33,400 + 521,963 3,356,392
Securities held outright (1) 3,109,517 + 40,408 + 493,650 3,127,992
U.S. Treasury securities 1,869,929 + 9,345 + 210,103 1,877,154
Bills (2) 0 0 - 18,423 0
Notes and bonds, nominal (2) 1,775,735 + 9,044 + 211,461 1,782,939
Notes and bonds, inflation-indexed (2) 81,646 + 196 + 13,992 81,646
Inflation compensation (3) 12,548 + 106 + 3,073 12,569
Federal agency debt securities (2) 72,053 0 - 21,330 72,053
Mortgage-backed securities (4) 1,167,535 + 31,063 + 304,877 1,178,785
Unamortized premiums on securities held outright (5) 200,232 + 2,201 + 69,868 201,100
Unamortized discounts on securities held outright (5) -1,676 - 9 + 636 -1,694
Repurchase agreements (6) 0 0 0 0
Loans 438 + 16 - 5,715 389
Primary credit 23 + 17 + 10 16
Secondary credit 0 0 0 0
Seasonal credit 46 + 8 + 19 51
Term Asset-Backed Securities Loan Facility (7) 369 - 8 - 5,743 321
Other credit extensions 0 0 0 0
Net portfolio holdings of Maiden Lane LLC (8) 1,429 - 1 - 2,426 1,429
Net portfolio holdings of Maiden Lane II LLC (9) 64 0 + 45 64
Net portfolio holdings of Maiden Lane III LLC (10) 22 0 - 15,102 22
Net portfolio holdings of TALF LLC (11) 388 0 - 450 388
Float -719 + 3 - 41 -732
Central bank liquidity swaps (12) 7,277 + 1 - 19,148 7,277
Other Federal Reserve assets (13) 19,687 - 9,220 + 647 20,156
Foreign currency denominated assets (14) 22,971 - 230 - 2,400 22,917
Gold stock 11,041 0 0 11,041
Special drawing rights certificate account 5,200 0 0 5,200
Treasury currency outstanding (15) 45,066 + 14 + 599 45,066
Total factors supplying reserve funds 3,420,936 + 33,183 + 520,161 3,440,615
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 22, 2013
Federal Reserve Banks May 22, 2013 May 15, 2013 May 23, 2012
Currency in circulation (15) 1,185,803 + 1,161 + 82,333 1,188,173
Reverse repurchase agreements (16) 90,170 - 1,406 - 3,488 86,693
Foreign official and international accounts 90,170 - 1,406 - 3,488 86,693
Others 0 0 0 0
Treasury cash holdings 160 - 11 + 26 152
Deposits with F.R. Banks, other than reserve balances 118,052 - 9,910 + 1,470 126,058
Term deposits held by depository institutions 0 0 - 3,053 0
U.S. Treasury, General Account 33,233 - 56,766 - 56,850 25,206
Foreign official 10,949 + 544 + 10,820 10,959
Service-related 0 0 - 1,903 0
Required clearing balances 0 0 - 1,903 0
Adjustments to compensate for float 0 0 0 0
Other 73,870 + 46,313 + 52,457 89,893
Other liabilities and capital (17) 65,061 - 1,335 - 8,709 64,361
Total factors, other than reserve balances,
absorbing reserve funds 1,459,246 - 11,500 + 71,631 1,465,437
Reserve balances with Federal Reserve Banks 1,961,690 + 44,683 + 448,530 1,975,178
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 22, 2013
May 22, 2013 May 15, 2013 May 23, 2012
Securities held in custody for foreign official and
international accounts 3,311,706 + 12,687 + 198,179 3,312,218
Marketable U.S. Treasury securities (1) 2,963,352 + 15,287 + 250,901 2,967,035
Federal agency debt and mortgage-backed securities (2) 309,908 - 2,368 - 53,810 306,842
Other securities (3) 38,446 - 232 + 1,088 38,342
Securities lent to dealers 20,413 - 235 + 6,297 16,526
Overnight facility (4) 20,413 - 235 + 6,297 16,526
U.S. Treasury securities 19,419 - 329 + 5,914 15,557
Federal agency debt securities 995 + 96 + 384 969
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 22, 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) 64 3 0 321 0 ... 389
U.S. Treasury securities (2)
Holdings 1 4 308 520,567 871,918 484,357 1,877,154
Weekly changes + 1 - 1 0 + 4,230 + 4,567 + 3,850 + 12,646
Federal agency debt securities (3)
Holdings 1,163 5,177 21,631 39,691 2,044 2,347 72,053
Weekly changes 0 + 808 - 808 0 0 0 0
Mortgage-backed securities (4)
Holdings 0 0 1 1 2,748 1,176,036 1,178,785
Weekly changes 0 0 0 0 + 53 + 28,238 + 28,291
Asset-backed securities held by
TALF LLC (5) 0 0 0 0 0 0 0
Repurchase agreements (6) 0 0 ... ... ... ... 0
Central bank liquidity swaps (7) 6,799 478 0 0 0 0 7,277
Reverse repurchase agreements (6) 86,693 0 ... ... ... ... 86,693
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 22, 2013
Mortgage-backed securities held outright (1) 1,178,785
Commitments to buy mortgage-backed securities (2) 69,122
Commitments to sell mortgage-backed securities (2) 0
Cash and cash equivalents (3) 15
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 22, 2013
Net portfolio holdings of Maiden Lane LLC (1) 1,429
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 22, 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 22, 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 22, 2013
Asset-backed securities holdings (1) 0
Other investments, net 388
Net portfolio holdings of TALF LLC 388
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 22, 2013 Wednesday Wednesday
consolidation May 15, 2013 May 23, 2012
Assets
Gold certificate account 11,037 0 0
Special drawing rights certificate account 5,200 0 0
Coin 2,001 - 20 - 179
Securities, unamortized premiums and discounts,
repurchase agreements, and loans 3,327,787 + 42,924 + 578,195
Securities held outright (1) 3,127,992 + 40,936 + 512,930
U.S. Treasury securities 1,877,154 + 12,646 + 220,330
Bills (2) 0 0 - 18,423
Notes and bonds, nominal (2) 1,782,939 + 12,590 + 221,715
Notes and bonds, inflation-indexed (2) 81,646 0 + 13,992
Inflation compensation (3) 12,569 + 56 + 3,046
Federal agency debt securities (2) 72,053 0 - 21,199
Mortgage-backed securities (4) 1,178,785 + 28,291 + 313,800
Unamortized premiums on securities held outright
(5) 201,100 + 2,047 + 70,096
Unamortized discounts on securities held outright
(5) -1,694 - 22 + 614
Repurchase agreements (6) 0 0 0
Loans 389 - 37 - 5,445
Net portfolio holdings of Maiden Lane LLC (7) 1,429 0 - 2,442
Net portfolio holdings of Maiden Lane II LLC (8) 64 0 + 45
Net portfolio holdings of Maiden Lane III LLC (9) 22 0 - 15,130
Net portfolio holdings of TALF LLC (10) 388 0 - 453
Items in process of collection (0) 435 - 62 + 273
Bank premises 2,302 + 5 - 67
Central bank liquidity swaps (11) 7,277 + 1 - 19,148
Foreign currency denominated assets (12) 22,917 - 86 - 2,306
Other assets (13) 17,854 + 1,681 + 429
Total assets (0) 3,398,713 + 44,444 + 539,218
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 22, 2013 Wednesday Wednesday
consolidation May 15, 2013 May 23, 2012
Liabilities
Federal Reserve notes, net of F.R. Bank holdings 1,145,256 + 1,934 + 81,489
Reverse repurchase agreements (14) 86,693 - 2,692 - 6,882
Deposits (0) 2,101,236 + 44,864 + 472,688
Term deposits held by depository institutions 0 0 - 3,053
Other deposits held by depository institutions 1,975,178 + 22,881 + 449,027
U.S. Treasury, General Account 25,206 - 44,283 - 55,160
Foreign official 10,959 + 91 + 10,830
Other (0) 89,893 + 66,176 + 71,044
Deferred availability cash items (0) 1,167 - 78 + 314
Other liabilities and accrued dividends (15) 9,157 + 404 - 8,947
Total liabilities (0) 3,343,510 + 44,434 + 538,663
Capital accounts
Capital paid in 27,602 + 6 + 278
Surplus 27,602 + 6 + 278
Other capital accounts 0 0 0
Total capital 55,203 + 10 + 555
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 22, 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 2,001 39 95 126 136 350 187 298 27 50 161 190 342
Securities, unamortized premiums and
discounts, repurchase agreements,
and loans 3,327,787 87,013 1,845,502 96,409 84,978 206,900 221,038 179,820 53,547 31,587 62,967 129,213 328,813
Securities held outright (1) 3,127,992 81,794 1,734,600 90,631 79,886 194,501 207,788 169,026 50,330 29,682 59,178 121,468 309,108
U.S. Treasury securities 1,877,154 49,086 1,040,959 54,389 47,941 116,723 124,697 101,435 30,204 17,813 35,514 72,895 185,500
Bills (2) 0 0 0 0 0 0 0 0 0 0 0 0 0
Notes and bonds (3) 1,877,154 49,086 1,040,959 54,389 47,941 116,723 124,697 101,435 30,204 17,813 35,514 72,895 185,500
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) 1,178,785 30,824 653,685 34,154 30,105 73,298 78,305 63,697 18,967 11,186 22,301 45,775 116,488
Unamortized premiums on securities held
outright (5) 201,100 5,259 111,518 5,827 5,136 12,505 13,359 10,867 3,236 1,908 3,805 7,809 19,873
Unamortized discounts on securities
held outright (5) -1,694 -44 -939 -49 -43 -105 -113 -92 -27 -16 -32 -66 -167
Repurchase agreements (6) 0 0 0 0 0 0 0 0 0 0 0 0 0
Loans 389 5 323 0 0 0 3 19 9 12 16 2 0
Net portfolio holdings of Maiden
Lane LLC (7) 1,429 0 1,429 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) 388 0 388 0 0 0 0 0 0 0 0 0 0
Items in process of collection 435 0 0 0 0 0 435 0 0 0 0 0 0
Bank premises 2,302 118 431 72 114 230 213 202 129 102 250 236 207
Central bank liquidity swaps (11) 7,277 358 2,326 563 568 1,528 415 208 61 30 74 115 1,032
Foreign currency denominated assets (12) 22,917 1,126 7,328 1,772 1,787 4,812 1,305 653 191 96 232 364 3,250
Other assets (13) 17,854 495 9,404 659 466 1,286 1,195 951 309 224 353 779 1,733
Interdistrict settlement account 0 - 27,264 + 220,296 - 16,020 - 11,234 - 25,922 - 31,112 - 32,388 - 9,076 - 10,282 - 18,594 - 31,449 - 6,953
Total assets 3,398,713 62,472 2,093,027 84,188 77,564 190,452 195,750 150,960 45,648 22,088 45,904 100,456 330,204
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 22, 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 1,426,323 46,466 543,647 46,337 60,601 107,796 173,512 94,938 36,614 23,356 38,701 99,009 155,346
Less: Notes held by F.R. Banks 281,067 12,212 87,533 6,000 9,033 11,400 31,680 16,028 3,831 9,462 12,595 49,532 31,760
Federal Reserve notes, net 1,145,256 34,254 456,114 40,337 51,568 96,395 141,832 78,910 32,782 13,894 26,106 49,478 123,585
Reverse repurchase agreements (14) 86,693 2,267 48,075 2,512 2,214 5,391 5,759 4,685 1,395 823 1,640 3,367 8,567
Deposits 2,101,236 23,073 1,566,742 36,731 19,123 76,227 43,315 65,332 10,795 6,829 17,393 46,319 189,355
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 1,975,178 23,069 1,440,946 36,692 19,120 76,078 43,305 65,297 10,795 6,829 17,391 46,316 189,341
U.S. Treasury, General Account 25,206 0 25,206 0 0 0 0 0 0 0 0 0 0
Foreign official 10,959 2 10,931 3 3 8 2 1 0 0 0 1 6
Other 89,893 2 89,659 36 0 140 8 34 0 0 1 3 9
Deferred availability cash items 1,167 0 0 0 0 0 1,029 0 0 138 0 0 0
Interest on Federal Reserve notes due
to U.S. Treasury (15) 1,576 38 949 22 21 46 113 94 29 13 30 65 157
Other liabilities and accrued
dividends (16) 7,582 244 3,621 296 291 729 525 427 183 157 171 310 629
Total liabilities 3,343,510 59,875 2,075,501 79,899 73,218 178,787 192,573 149,447 45,185 21,854 45,341 99,539 322,293
Capital
Capital paid in 27,602 1,298 8,763 2,145 2,173 5,833 1,589 756 232 117 282 459 3,956
Surplus 27,602 1,298 8,763 2,145 2,173 5,833 1,589 756 232 117 282 459 3,956
Other capital 0 0 0 0 0 0 0 0 0 0 0 0 0
Total liabilities and capital 3,398,713 62,472 2,093,027 84,188 77,564 190,452 195,750 150,960 45,648 22,088 45,904 100,456 330,204
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 22, 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 22, 2013
Federal Reserve notes outstanding 1,426,323
Less: Notes held by F.R. Banks not subject to collateralization 281,067
Federal Reserve notes to be collateralized 1,145,256
Collateral held against Federal Reserve notes 1,145,256
Gold certificate account 11,037
Special drawing rights certificate account 5,200
U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 1,129,019
Other assets pledged 0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 3,127,992
Less: Face value of securities under reverse repurchase agreements 75,482
U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,052,511
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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