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Release Date: June 13, 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 June 13, 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 Jun 12, 2013
Federal Reserve Banks Jun 12, 2013 Jun 5, 2013 Jun 13, 2012
Reserve Bank credit 3,364,000 + 14,206 + 555,857 3,367,430
Securities held outright (1) 3,139,181 + 12,279 + 532,285 3,141,976
U.S. Treasury securities 1,903,296 + 12,259 + 243,727 1,906,079
Bills (2) 0 0 - 18,423 0
Notes and bonds, nominal (2) 1,808,637 + 11,879 + 244,525 1,810,417
Notes and bonds, inflation-indexed (2) 82,040 + 394 + 14,696 83,026
Inflation compensation (3) 12,619 - 14 + 2,929 12,636
Federal agency debt securities (2) 70,890 0 - 22,362 70,890
Mortgage-backed securities (4) 1,164,995 + 20 + 310,920 1,165,008
Unamortized premiums on securities held outright (5) 200,908 - 25 + 66,909 200,925
Unamortized discounts on securities held outright (5) -1,973 - 172 + 286 -2,062
Repurchase agreements (6) 0 0 0 0
Loans 336 + 11 - 5,102 380
Primary credit 15 + 7 + 2 53
Secondary credit 0 0 0 0
Seasonal credit 50 + 3 + 3 56
Term Asset-Backed Securities Loan Facility (7) 271 0 - 5,107 271
Other credit extensions 0 0 0 0
Net portfolio holdings of Maiden Lane LLC (8) 1,424 0 - 2,458 1,425
Net portfolio holdings of Maiden Lane II LLC (9) 64 0 + 45 64
Net portfolio holdings of Maiden Lane III LLC (10) 22 0 - 15,300 22
Net portfolio holdings of TALF LLC (11) 281 - 107 - 560 281
Float -793 + 22 - 71 -882
Central bank liquidity swaps (12) 1,771 0 - 21,543 1,771
Other Federal Reserve assets (13) 22,779 + 2,197 + 1,365 23,529
Foreign currency denominated assets (14) 23,938 + 505 - 1,211 24,222
Gold stock 11,041 0 0 11,041
Special drawing rights certificate account 5,200 0 0 5,200
Treasury currency outstanding (15) 45,111 + 14 + 619 45,111
Total factors supplying reserve funds 3,449,290 + 14,725 + 555,265 3,453,003
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 Jun 12, 2013
Federal Reserve Banks Jun 12, 2013 Jun 5, 2013 Jun 13, 2012
Currency in circulation (15) 1,189,061 - 1,645 + 80,432 1,189,607
Reverse repurchase agreements (16) 90,546 - 4,397 + 2,538 86,277
Foreign official and international accounts 90,546 - 4,397 + 2,538 86,277
Others 0 0 0 0
Treasury cash holdings 136 - 14 - 6 127
Deposits with F.R. Banks, other than reserve balances 74,462 + 7,550 + 1,155 72,883
Term deposits held by depository institutions 10,496 0 + 7,443 10,496
U.S. Treasury, General Account 43,056 + 12,826 + 1,171 39,284
Foreign official 9,860 - 1,334 + 9,068 9,711
Service-related 0 0 - 1,897 0
Required clearing balances 0 0 - 1,897 0
Adjustments to compensate for float 0 0 0 0
Other 11,051 - 3,940 - 14,629 13,391
Other liabilities and capital (17) 64,038 + 765 - 10,072 63,383
Total factors, other than reserve balances,
absorbing reserve funds 1,418,243 + 2,260 + 74,047 1,412,277
Reserve balances with Federal Reserve Banks 2,031,047 + 12,465 + 481,217 2,040,727
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 Jun 12, 2013
Jun 12, 2013 Jun 5, 2013 Jun 13, 2012
Securities held in custody for foreign official and
international accounts 3,314,350 + 1,955 + 195,274 3,314,208
Marketable U.S. Treasury securities (1) 2,973,635 + 1,743 + 255,714 2,973,287
Federal agency debt and mortgage-backed securities (2) 302,597 + 136 - 60,941 302,767
Other securities (3) 38,118 + 76 + 501 38,154
Securities lent to dealers 18,142 - 1,189 + 7,269 16,456
Overnight facility (4) 18,142 - 1,189 + 7,269 16,456
U.S. Treasury securities 17,168 - 1,126 + 6,886 15,508
Federal agency debt securities 973 - 63 + 383 948
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, June 12, 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) 61 49 0 271 0 ... 380
U.S. Treasury securities (2)
Holdings 1 4 343 544,477 866,763 494,490 1,906,079
Weekly changes 0 0 0 - 3 + 3,672 + 4,399 + 8,069
Federal agency debt securities (3)
Holdings 232 6,442 20,134 41,673 62 2,347 70,890
Weekly changes 0 + 1,497 - 1,497 + 1,982 - 1,982 0 0
Mortgage-backed securities (4)
Holdings 0 0 0 1 2,701 1,162,305 1,165,008
Weekly changes 0 0 0 0 - 1 + 18 + 17
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) 451 1,320 0 0 0 0 1,771
Reverse repurchase agreements (6) 86,277 0 ... ... ... ... 86,277
Term deposits 10,496 0 0 ... ... ... 10,496
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
Jun 12, 2013
Mortgage-backed securities held outright (1) 1,165,008
Commitments to buy mortgage-backed securities (2) 113,671
Commitments to sell mortgage-backed securities (2) 800
Cash and cash equivalents (3) 39
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
Jun 12, 2013
Net portfolio holdings of Maiden Lane LLC (1) 1,425
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
Jun 12, 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
Jun 12, 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
Jun 12, 2013
Asset-backed securities holdings (1) 0
Other investments, net 281
Net portfolio holdings of TALF LLC 281
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 Jun 12, 2013 Wednesday Wednesday
consolidation Jun 5, 2013 Jun 13, 2012
Assets
Gold certificate account 11,037 0 0
Special drawing rights certificate account 5,200 0 0
Coin 1,979 + 11 - 157
Securities, unamortized premiums and discounts,
repurchase agreements, and loans 3,341,220 + 7,982 + 581,503
Securities held outright (1) 3,141,976 + 8,086 + 520,631
U.S. Treasury securities 1,906,079 + 8,069 + 245,921
Bills (2) 0 0 - 18,423
Notes and bonds, nominal (2) 1,810,417 + 6,677 + 244,799
Notes and bonds, inflation-indexed (2) 83,026 + 1,380 + 16,456
Inflation compensation (3) 12,636 + 12 + 3,089
Federal agency debt securities (2) 70,890 0 - 22,362
Mortgage-backed securities (4) 1,165,008 + 17 + 297,074
Unamortized premiums on securities held outright
(5) 200,925 + 3 + 65,671
Unamortized discounts on securities held outright
(5) -2,062 - 160 + 195
Repurchase agreements (6) 0 0 0
Loans 380 + 53 - 4,995
Net portfolio holdings of Maiden Lane LLC (7) 1,425 + 1 - 2,455
Net portfolio holdings of Maiden Lane II LLC (8) 64 0 + 45
Net portfolio holdings of Maiden Lane III LLC (9) 22 0 - 15,456
Net portfolio holdings of TALF LLC (10) 281 - 107 - 560
Items in process of collection (0) 92 + 5 - 48
Bank premises 2,299 + 2 - 63
Central bank liquidity swaps (11) 1,771 0 - 21,543
Foreign currency denominated assets (12) 24,222 + 664 - 1,037
Other assets (13) 21,231 + 2,102 + 1,541
Total assets (0) 3,410,842 + 10,659 + 541,771
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 Jun 12, 2013 Wednesday Wednesday
consolidation Jun 5, 2013 Jun 13, 2012
Liabilities
Federal Reserve notes, net of F.R. Bank holdings 1,146,598 - 922 + 79,377
Reverse repurchase agreements (14) 86,277 - 8,002 + 2,858
Deposits (0) 2,113,610 + 18,824 + 473,439
Term deposits held by depository institutions 10,496 0 + 7,443
Other deposits held by depository institutions 2,040,727 + 14,470 + 474,062
U.S. Treasury, General Account 39,284 - 1,741 + 3,036
Foreign official 9,711 - 1,471 + 8,138
Other (0) 13,391 + 7,566 - 19,240
Deferred availability cash items (0) 974 - 6 + 24
Other liabilities and accrued dividends (15) 8,414 + 814 - 14,259
Total liabilities (0) 3,355,872 + 10,708 + 541,439
Capital accounts
Capital paid in 27,485 - 24 + 166
Surplus 27,485 - 24 + 166
Other capital accounts 0 0 0
Total capital 54,969 - 49 + 331
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, June 12, 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 1,979 36 89 122 132 349 185 295 28 52 159 192 340
Securities, unamortized premiums and
discounts, repurchase agreements,
and loans 3,341,220 87,362 1,852,906 96,798 85,322 207,736 221,933 180,538 53,763 31,722 63,212 129,735 330,194
Securities held outright (1) 3,141,976 82,160 1,742,355 91,036 80,243 195,371 208,717 169,781 50,555 29,815 59,443 122,011 310,490
U.S. Treasury securities 1,906,079 49,842 1,056,999 55,227 48,679 118,522 126,618 102,998 30,669 18,087 36,061 74,018 188,359
Bills (2) 0 0 0 0 0 0 0 0 0 0 0 0 0
Notes and bonds (3) 1,906,079 49,842 1,056,999 55,227 48,679 118,522 126,618 102,998 30,669 18,087 36,061 74,018 188,359
Federal agency debt securities (2) 70,890 1,854 39,311 2,054 1,810 4,408 4,709 3,831 1,141 673 1,341 2,753 7,005
Mortgage-backed securities (4) 1,165,008 30,464 646,045 33,755 29,753 72,441 77,390 62,953 18,745 11,055 22,041 45,240 115,126
Unamortized premiums on securities held
outright (5) 200,925 5,254 111,421 5,822 5,131 12,494 13,347 10,857 3,233 1,907 3,801 7,802 19,855
Unamortized discounts on securities
held outright (5) -2,062 -54 -1,143 -60 -53 -128 -137 -111 -33 -20 -39 -80 -204
Repurchase agreements (6) 0 0 0 0 0 0 0 0 0 0 0 0 0
Loans 380 2 273 0 0 0 5 11 8 20 7 2 53
Net portfolio holdings of Maiden
Lane LLC (7) 1,425 0 1,425 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) 281 0 281 0 0 0 0 0 0 0 0 0 0
Items in process of collection 92 0 0 0 0 0 91 0 0 0 0 0 0
Bank premises 2,299 120 430 72 113 229 213 201 129 101 250 235 206
Central bank liquidity swaps (11) 1,771 87 566 137 138 372 101 50 15 7 18 28 251
Foreign currency denominated assets (12) 24,222 1,190 7,745 1,873 1,889 5,086 1,380 691 202 101 245 384 3,435
Other assets (13) 21,231 585 11,296 752 553 1,493 1,436 1,140 371 256 420 864 2,066
Interdistrict settlement account 0 - 22,980 + 194,420 - 16,986 - 16,025 - 2,679 - 27,478 - 38,890 - 10,032 - 11,387 - 18,421 - 32,537 + 2,995
Total assets 3,410,842 66,986 2,074,986 83,375 72,871 213,856 199,935 145,241 44,935 21,133 46,345 99,911 341,269
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, June 12, 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 1,445,237 46,622 553,295 46,104 60,329 108,946 178,379 94,623 36,549 23,467 38,757 101,192 156,974
Less: Notes held by F.R. Banks 298,639 12,635 94,671 6,969 9,388 12,390 32,995 17,612 4,024 10,366 12,862 51,411 33,316
Federal Reserve notes, net 1,146,598 33,987 458,624 39,135 50,941 96,556 145,384 77,011 32,524 13,101 25,895 49,781 123,658
Reverse repurchase agreements (14) 86,277 2,256 47,844 2,500 2,203 5,365 5,731 4,662 1,388 819 1,632 3,350 8,526
Deposits 2,113,610 27,900 1,546,417 37,205 15,067 99,606 44,408 61,683 10,392 6,625 18,101 45,600 200,606
Term deposits held by depository
institutions 10,496 95 6,891 850 0 40 705 255 0 95 210 105 1,250
Other deposits held by depository
institutions 2,040,727 27,803 1,477,372 36,315 15,064 99,448 43,692 61,390 10,391 6,530 17,889 45,494 199,340
U.S. Treasury, General Account 39,284 0 39,284 0 0 0 0 0 0 0 0 0 0
Foreign official 9,711 2 9,684 3 3 8 2 1 0 0 0 1 6
Other 13,391 0 13,186 37 0 110 9 37 0 0 1 1 10
Deferred availability cash items 974 0 0 0 0 0 761 0 0 213 0 0 0
Interest on Federal Reserve notes due
to U.S. Treasury (15) 2,184 71 1,019 99 91 228 143 109 30 18 38 68 271
Other liabilities and accrued
dividends (16) 6,230 174 3,538 210 223 571 324 264 137 124 115 194 356
Total liabilities 3,355,872 64,389 2,057,442 79,150 68,525 202,325 196,751 143,729 44,471 20,899 45,781 98,993 333,417
Capital
Capital paid in 27,485 1,299 8,772 2,113 2,173 5,765 1,592 756 232 117 282 459 3,926
Surplus 27,485 1,299 8,772 2,113 2,173 5,765 1,592 756 232 117 282 459 3,926
Other capital 0 0 0 0 0 0 0 0 0 0 0 0 0
Total liabilities and capital 3,410,842 66,986 2,074,986 83,375 72,871 213,856 199,935 145,241 44,935 21,133 46,345 99,911 341,269
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, June 12, 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
Jun 12, 2013
Federal Reserve notes outstanding 1,445,237
Less: Notes held by F.R. Banks not subject to collateralization 298,639
Federal Reserve notes to be collateralized 1,146,598
Collateral held against Federal Reserve notes 1,146,598
Gold certificate account 11,037
Special drawing rights certificate account 5,200
U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 1,130,361
Other assets pledged 0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 3,141,976
Less: Face value of securities under reverse repurchase agreements 75,785
U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,066,192
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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