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Release Date: June 27, 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 27, 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 26, 2013
Federal Reserve Banks Jun 26, 2013 Jun 19, 2013 Jun 27, 2012
Reserve Bank credit 3,442,861 + 24,485 + 615,809 3,435,940
Securities held outright (1) 3,213,098 + 23,027 + 592,171 3,207,189
U.S. Treasury securities 1,923,266 + 11,051 + 256,498 1,928,416
Bills (2) 0 0 - 18,423 0
Notes and bonds, nominal (2) 1,827,642 + 11,074 + 257,026 1,832,800
Notes and bonds, inflation-indexed (2) 83,026 0 + 15,111 83,026
Inflation compensation (3) 12,598 - 23 + 2,783 12,589
Federal agency debt securities (2) 70,658 - 33 - 20,826 70,658
Mortgage-backed securities (4) 1,219,174 + 12,009 + 356,500 1,208,116
Unamortized premiums on securities held outright (5) 204,062 + 1,131 + 65,651 203,783
Unamortized discounts on securities held outright (5) -2,211 - 116 - 32 -2,320
Repurchase agreements (6) 87 + 87 + 87 0
Loans 367 + 9 - 4,531 384
Primary credit 24 - 1 - 3 29
Secondary credit 0 0 0 0
Seasonal credit 80 + 17 + 11 97
Term Asset-Backed Securities Loan Facility (7) 264 - 5 - 4,538 258
Other credit extensions 0 0 0 0
Net portfolio holdings of Maiden Lane LLC (8) 1,419 - 5 - 1,056 1,418
Net portfolio holdings of Maiden Lane II LLC (9) 64 0 + 46 64
Net portfolio holdings of Maiden Lane III LLC (10) 22 0 - 12,281 22
Net portfolio holdings of TALF LLC (11) 281 0 - 564 281
Float -635 + 111 + 17 -765
Central bank liquidity swaps (12) 1,480 - 292 - 25,579 1,480
Other Federal Reserve assets (13) 24,826 + 532 + 1,878 24,403
Foreign currency denominated assets (14) 23,725 - 568 - 1,348 23,642
Gold stock 11,041 0 0 11,041
Special drawing rights certificate account 5,200 0 0 5,200
Treasury currency outstanding (15) 45,139 + 14 + 630 45,139
Total factors supplying reserve funds 3,527,966 + 23,931 + 615,092 3,520,962
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 26, 2013
Federal Reserve Banks Jun 26, 2013 Jun 19, 2013 Jun 27, 2012
Currency in circulation (15) 1,190,541 + 2,035 + 82,429 1,193,377
Reverse repurchase agreements (16) 88,579 - 2,553 + 4,488 88,693
Foreign official and international accounts 88,579 - 2,553 + 4,488 88,693
Others 0 0 0 0
Treasury cash holdings 117 - 8 - 3 121
Deposits with F.R. Banks, other than reserve balances 204,224 + 39,861 + 17,896 159,825
Term deposits held by depository institutions 0 - 10,496 0 0
U.S. Treasury, General Account 97,212 + 18,083 - 31,937 94,271
Foreign official 10,033 + 358 + 8,378 10,014
Service-related 0 0 - 1,896 0
Required clearing balances 0 0 - 1,896 0
Adjustments to compensate for float 0 0 0 0
Other 96,979 + 31,916 + 43,351 55,540
Other liabilities and capital (17) 62,750 - 2,842 - 10,242 61,218
Total factors, other than reserve balances,
absorbing reserve funds 1,546,212 + 36,493 + 94,569 1,503,234
Reserve balances with Federal Reserve Banks 1,981,754 - 12,561 + 520,523 2,017,728
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 26, 2013
Jun 26, 2013 Jun 19, 2013 Jun 27, 2012
Securities held in custody for foreign official and
international accounts 3,290,397 - 12,005 + 170,950 3,274,838
Marketable U.S. Treasury securities (1) 2,948,486 - 15,270 + 207,833 2,934,015
Federal agency debt and mortgage-backed securities (2) 303,519 + 3,128 - 37,908 302,374
Other securities (3) 38,391 + 135 + 1,025 38,449
Securities lent to dealers 20,004 + 5,415 + 6,429 19,565
Overnight facility (4) 20,004 + 5,415 + 6,429 19,565
U.S. Treasury securities 19,170 + 5,540 + 6,292 18,609
Federal agency debt securities 834 - 125 + 137 956
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 26, 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) 112 14 0 258 0 ... 384
U.S. Treasury securities (2)
Holdings 1 3 343 547,245 879,602 501,221 1,928,416
Weekly changes 0 0 0 - 3 + 6,810 + 2,903 + 9,710
Federal agency debt securities (3)
Holdings 1,478 5,528 19,993 41,250 62 2,347 70,658
Weekly changes 0 0 0 0 0 0 0
Mortgage-backed securities (4)
Holdings 0 0 0 1 2,625 1,205,489 1,208,116
Weekly changes 0 0 0 0 - 61 - 804 - 865
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 1,479 0 0 0 0 1,480
Reverse repurchase agreements (6) 88,693 0 ... ... ... ... 88,693
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
Jun 26, 2013
Mortgage-backed securities held outright (1) 1,208,116
Commitments to buy mortgage-backed securities (2) 76,602
Commitments to sell mortgage-backed securities (2) 200
Cash and cash equivalents (3) 142
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 26, 2013
Net portfolio holdings of Maiden Lane LLC (1) 1,418
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 26, 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 26, 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 26, 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 26, 2013 Wednesday Wednesday
consolidation Jun 19, 2013 Jun 27, 2012
Assets
Gold certificate account 11,037 0 0
Special drawing rights certificate account 5,200 0 0
Coin 1,980 - 5 - 155
Securities, unamortized premiums and discounts,
repurchase agreements, and loans 3,409,037 + 9,135 + 654,689
Securities held outright (1) 3,207,189 + 8,845 + 594,196
U.S. Treasury securities 1,928,416 + 9,710 + 261,886
Bills (2) 0 0 - 18,423
Notes and bonds, nominal (2) 1,832,800 + 9,733 + 262,443
Notes and bonds, inflation-indexed (2) 83,026 0 + 15,111
Inflation compensation (3) 12,589 - 23 + 2,754
Federal agency debt securities (2) 70,658 0 - 20,826
Mortgage-backed securities (4) 1,208,116 - 865 + 353,137
Unamortized premiums on securities held outright
(5) 203,783 + 465 + 65,134
Unamortized discounts on securities held outright
(5) -2,320 - 197 - 169
Repurchase agreements (6) 0 0 0
Loans 384 + 20 - 4,474
Net portfolio holdings of Maiden Lane LLC (7) 1,418 - 1 - 1,005
Net portfolio holdings of Maiden Lane II LLC (8) 64 0 + 46
Net portfolio holdings of Maiden Lane III LLC (9) 22 0 - 12,568
Net portfolio holdings of TALF LLC (10) 281 0 - 564
Items in process of collection (0) 108 - 7 - 58
Bank premises 2,299 0 - 65
Central bank liquidity swaps (11) 1,480 - 292 - 25,579
Foreign currency denominated assets (12) 23,642 - 650 - 1,402
Other assets (13) 22,105 - 37 + 1,787
Total assets (0) 3,478,672 + 8,142 + 615,125
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 26, 2013 Wednesday Wednesday
consolidation Jun 19, 2013 Jun 27, 2012
Liabilities
Federal Reserve notes, net of F.R. Bank holdings 1,150,335 + 3,458 + 82,418
Reverse repurchase agreements (14) 88,693 + 326 + 4,956
Deposits (0) 2,177,554 + 7,263 + 538,540
Term deposits held by depository institutions 0 - 10,496 0
Other deposits held by depository institutions 2,017,729 + 89,331 + 525,741
U.S. Treasury, General Account 94,271 - 23,016 - 23,652
Foreign official 10,014 - 76 + 8,436
Other (0) 55,540 - 48,480 + 28,014
Deferred availability cash items (0) 872 - 9 - 84
Other liabilities and accrued dividends (15) 6,242 - 2,896 - 11,012
Total liabilities (0) 3,423,696 + 8,142 + 614,818
Capital accounts
Capital paid in 27,488 0 + 154
Surplus 27,488 0 + 154
Other capital accounts 0 0 0
Total capital 54,977 + 1 + 308
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 26, 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 1,980 35 87 122 133 348 187 293 28 50 159 196 344
Securities, unamortized premiums and
discounts, repurchase agreements,
and loans 3,409,037 89,135 1,890,495 98,763 87,054 211,953 226,460 184,218 54,855 32,374 64,515 132,369 336,845
Securities held outright (1) 3,207,189 83,865 1,778,518 92,926 81,908 199,426 213,049 173,305 51,605 30,434 60,676 124,543 316,934
U.S. Treasury securities 1,928,416 50,426 1,069,385 55,874 49,250 119,910 128,102 104,205 31,029 18,299 36,483 74,885 190,566
Bills (2) 0 0 0 0 0 0 0 0 0 0 0 0 0
Notes and bonds (3) 1,928,416 50,426 1,069,385 55,874 49,250 119,910 128,102 104,205 31,029 18,299 36,483 74,885 190,566
Federal agency debt securities (2) 70,658 1,848 39,183 2,047 1,805 4,394 4,694 3,818 1,137 670 1,337 2,744 6,982
Mortgage-backed securities (4) 1,208,116 31,591 669,950 35,004 30,854 75,122 80,254 65,282 19,439 11,464 22,856 46,914 119,386
Unamortized premiums on securities held
outright (5) 203,783 5,329 113,006 5,904 5,204 12,671 13,537 11,012 3,279 1,934 3,855 7,913 20,138
Unamortized discounts on securities
held outright (5) -2,320 -61 -1,287 -67 -59 -144 -154 -125 -37 -22 -44 -90 -229
Repurchase agreements (6) 0 0 0 0 0 0 0 0 0 0 0 0 0
Loans 384 2 258 0 0 0 28 27 9 29 27 3 2
Net portfolio holdings of Maiden
Lane LLC (7) 1,418 0 1,418 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 108 0 0 0 0 0 107 0 0 0 0 0 0
Bank premises 2,299 120 429 72 113 229 212 202 129 101 250 235 207
Central bank liquidity swaps (11) 1,480 73 473 114 115 311 84 42 12 6 15 23 210
Foreign currency denominated assets (12) 23,642 1,162 7,560 1,828 1,844 4,964 1,347 674 197 99 239 375 3,353
Other assets (13) 22,105 610 11,831 649 579 1,554 1,483 1,186 387 268 438 957 2,163
Interdistrict settlement account 0 - 22,207 + 280,840 - 27,238 - 18,369 - 37,379 - 36,364 - 46,118 - 13,271 - 13,365 - 21,734 - 40,090 - 4,705
Total assets 3,478,672 69,515 2,199,243 74,918 72,218 183,247 195,591 141,712 42,798 19,814 44,345 95,076 340,196
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 26, 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 1,455,437 46,730 552,862 45,914 60,653 109,647 180,379 94,880 36,743 23,365 38,705 105,512 160,047
Less: Notes held by F.R. Banks 305,102 12,953 91,371 8,079 9,338 12,727 34,554 19,026 4,261 10,719 12,807 55,294 33,973
Federal Reserve notes, net 1,150,335 33,777 461,491 37,835 51,315 96,920 145,824 75,854 32,481 12,646 25,899 50,219 126,074
Reverse repurchase agreements (14) 88,693 2,319 49,184 2,570 2,265 5,515 5,892 4,793 1,427 842 1,678 3,444 8,765
Deposits 2,177,554 30,637 1,667,761 30,064 14,060 68,668 39,596 59,238 8,281 5,801 16,073 40,258 197,116
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 2,017,729 30,633 1,508,144 30,027 14,057 68,573 39,583 59,203 8,281 5,801 16,071 40,256 197,100
U.S. Treasury, General Account 94,271 0 94,271 0 0 0 0 0 0 0 0 0 0
Foreign official 10,014 2 9,987 3 3 8 2 1 0 0 0 1 6
Other 55,540 1 55,360 34 0 87 10 34 0 0 1 2 10
Deferred availability cash items 872 0 0 0 0 0 713 0 0 160 0 0 0
Interest on Federal Reserve notes due
to U.S. Treasury (15) 523 4 370 -15 0 -1 40 43 12 8 14 37 11
Other liabilities and accrued
dividends (16) 5,719 179 2,890 238 232 614 342 273 132 124 117 197 380
Total liabilities 3,423,696 66,917 2,181,695 70,692 67,872 171,717 192,407 140,201 42,333 19,580 43,781 94,155 332,345
Capital
Capital paid in 27,488 1,299 8,774 2,113 2,173 5,765 1,592 756 232 117 282 460 3,926
Surplus 27,488 1,299 8,774 2,113 2,173 5,765 1,592 756 232 117 282 460 3,926
Other capital 0 0 0 0 0 0 0 0 0 0 0 0 0
Total liabilities and capital 3,478,672 69,515 2,199,243 74,918 72,218 183,247 195,591 141,712 42,798 19,814 44,345 95,076 340,196
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 26, 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 26, 2013
Federal Reserve notes outstanding 1,455,437
Less: Notes held by F.R. Banks not subject to collateralization 305,102
Federal Reserve notes to be collateralized 1,150,335
Collateral held against Federal Reserve notes 1,150,335
Gold certificate account 11,037
Special drawing rights certificate account 5,200
U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 1,134,098
Other assets pledged 0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 3,207,189
Less: Face value of securities under reverse repurchase agreements 79,738
U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,127,452
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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