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Release Date: July 25, 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 July 25, 2013
1. Factors Affecting Reserve Balances of Depository Institutions
Millions of dollars
Reserve Bank credit, related items, and Averages of daily figures Wednesday
reserve balances of depository institutions at Week ended Change from week ended Jul 24, 2013
Federal Reserve Banks Jul 24, 2013 Jul 17, 2013 Jul 25, 2012
Reserve Bank credit 3,516,577 + 38,996 + 702,704 3,531,877
Securities held outright (1) 3,282,660 + 37,647 + 675,499 3,297,452
U.S. Treasury securities 1,963,988 + 5,301 + 313,240 1,970,003
Bills (2) 0 0 - 5,938 0
Notes and bonds, nominal (2) 1,866,697 + 5,037 + 300,874 1,872,698
Notes and bonds, inflation-indexed (2) 84,406 + 197 + 15,320 84,406
Inflation compensation (3) 12,885 + 66 + 2,984 12,899
Federal agency debt securities (2) 66,521 - 454 - 24,508 66,521
Mortgage-backed securities (4) 1,252,151 + 32,801 + 386,767 1,260,928
Unamortized premiums on securities held outright (5) 204,621 + 380 + 61,449 204,717
Unamortized discounts on securities held outright (5) -2,954 - 205 - 897 -3,031
Repurchase agreements (6) 0 0 0 0
Loans 361 - 4 - 3,469 344
Primary credit 10 - 3 - 7 2
Secondary credit 0 0 0 0
Seasonal credit 116 + 6 + 6 126
Term Asset-Backed Securities Loan Facility (7) 236 - 6 - 3,468 215
Other credit extensions 0 0 0 0
Net portfolio holdings of Maiden Lane LLC (8) 1,414 - 1 - 621 1,414
Net portfolio holdings of Maiden Lane II LLC (9) 64 0 + 40 64
Net portfolio holdings of Maiden Lane III LLC (10) 22 0 - 6,283 22
Net portfolio holdings of TALF LLC (11) 268 0 - 580 268
Float -637 + 142 - 39 -772
Central bank liquidity swaps (12) 1,480 + 1 - 25,752 1,480
Other Federal Reserve assets (13) 29,276 + 1,033 + 3,356 29,918
Foreign currency denominated assets (14) 23,558 + 40 - 1,385 23,623
Gold stock 11,041 0 0 11,041
Special drawing rights certificate account 5,200 0 0 5,200
Treasury currency outstanding (15) 45,197 + 14 + 645 45,197
Total factors supplying reserve funds 3,601,572 + 39,048 + 701,963 3,616,938
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 Jul 24, 2013
Federal Reserve Banks Jul 24, 2013 Jul 17, 2013 Jul 25, 2012
Currency in circulation (15) 1,194,261 - 2,153 + 83,340 1,195,080
Reverse repurchase agreements (16) 87,254 - 5,171 + 2,348 85,555
Foreign official and international accounts 87,254 - 5,171 + 2,348 85,555
Others 0 0 0 0
Treasury cash holdings 128 + 9 + 10 135
Deposits with F.R. Banks, other than reserve balances 160,336 + 42,521 + 75,638 173,391
Term deposits held by depository institutions 11,913 + 11,913 + 8,873 11,913
U.S. Treasury, General Account 58,403 - 11,755 + 12,866 50,966
Foreign official 10,104 + 160 + 7,540 10,410
Other 79,916 + 42,202 + 46,359 100,102
Other liabilities and capital (17) 64,673 + 1,212 - 2,792 63,450
Total factors, other than reserve balances,
absorbing reserve funds 1,506,653 + 36,419 + 158,545 1,517,611
Reserve balances with Federal Reserve Banks 2,094,920 + 2,631 + 543,419 2,099,328
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 Jul 24, 2013
Jul 24, 2013 Jul 17, 2013 Jul 25, 2012
Securities held in custody for foreign official and
international accounts 3,269,989 - 8,294 + 144,270 3,274,663
Marketable U.S. Treasury securities (1) 2,930,136 - 11,877 + 176,154 2,925,551
Federal agency debt and mortgage-backed securities (2) 302,982 + 4,321 - 31,058 312,178
Other securities (3) 36,872 - 737 - 825 36,934
Securities lent to dealers 10,795 + 189 + 2,110 7,805
Overnight facility (4) 10,795 + 189 + 2,110 7,805
U.S. Treasury securities 10,021 + 190 + 2,145 7,058
Federal agency debt securities 774 - 1 - 35 747
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, July 24, 2013
Millions of dollars
Remaining Maturity Within 15 16 days to 91 days to Over 1 year Over 5 year Over 10 All
days 90 days 1 year to 5 years to 10 years years
Loans (1) 105 24 16 199 0 ... 344
U.S. Treasury securities (2)
Holdings 1 3 342 570,939 886,154 512,565 1,970,003
Weekly changes 0 0 0 + 5 + 6,836 + 1,492 + 8,332
Federal agency debt securities (3)
Holdings 0 7,441 16,430 40,241 62 2,347 66,521
Weekly changes 0 + 1,085 - 1,085 0 0 0 0
Mortgage-backed securities (4)
Holdings 0 0 0 1 2,618 1,258,308 1,260,928
Weekly changes 0 0 0 0 + 1 + 26,390 + 26,391
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) 85,555 0 ... ... ... ... 85,555
Term deposits 0 11,913 0 ... ... ... 11,913
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
Jul 24, 2013
Mortgage-backed securities held outright (1) 1,260,928
Commitments to buy mortgage-backed securities (2) 73,410
Commitments to sell mortgage-backed securities (2) 0
Cash and cash equivalents (3) 85
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
Jul 24, 2013
Net portfolio holdings of Maiden Lane LLC (1) 1,414
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
Jul 24, 2013
Net portfolio holdings of Maiden Lane II LLC (1) 64
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 0
Accrued interest payable to the Federal Reserve Bank of New York (2) 0
Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc. (3) 0
1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an
asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued
quarterly. This table reflects valuations as of March 31, 2013. Any assets purchased after this
valuation date are initially recorded at cost until their estimated fair value as of the purchase date
becomes available.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's
statement of condition consistent with consolidation under generally accepted accounting principles. Refer
to the note on consolidation accompanying table 9.
3. Book value. The deferred payment represents the portion of the proceeds of the net portfolio
holdings due to subsidiaries of American International Group, Inc. in accordance with the asset purchase
agreement. The fair value of this payment and accrued interest payable are included in other
liabilities and capital in table 1 and in other liabilities and accrued dividends in table 8 and table 9.
Note: On December 12, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden
Lane II LLC under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was
formed to purchase residential mortgage-backed securities from the U.S. securities lending reinvestment
portfolio of subsidiaries of American International Group, Inc. (AIG subsidiaries). Payments by Maiden Lane II LLC
from the proceeds of the net portfolio holdings will be made in the following order: operating expenses of
Maiden Lane II LLC, principal due to the FRBNY, interest due to the FRBNY, and deferred payment and interest due
to AIG subsidiaries. Any remaining funds will be shared by the FRBNY and AIG subsidiaries.
6. Information on Principal Accounts of Maiden Lane III LLC
Millions of dollars
Account name Wednesday
Jul 24, 2013
Net portfolio holdings of Maiden Lane III LLC (1) 22
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 0
Accrued interest payable to the Federal Reserve Bank of New York (2) 0
Outstanding principal amount and accrued interest on loan payable to American International Group, Inc. (3) 0
1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an
asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued
quarterly. This table reflects valuations as of March 31, 2013. Any assets purchased after this
valuation date are initially recorded at cost until their estimated fair value as of the purchase date
becomes available.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's
statement of condition consistent with consolidation under generally accepted accounting principles. Refer
to the note on consolidation accompanying table 9.
3. Book value. The fair value of these obligations is included in other liabilities and capital in
table 1 and in other liabilities and accrued dividends in table 8 and table 9.
Note: On November 25, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden
Lane III LLC under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was
formed to purchase multi-sector collateralized debt obligations (CDOs) on which the Financial Products group
of American International Group, Inc. (AIG) has written credit default swap (CDS) contracts. In connection
with the purchase of CDOs, the CDS counterparties will concurrently unwind the related CDS transactions. Payments
by Maiden Lane III LLC from the proceeds of the net portfolio holdings will be made in the following order:
operating expenses of Maiden Lane III LLC, principal due to the FRBNY, interest due to the FRBNY, principal due
to AIG, and interest due to AIG. Any remaining funds will be shared by the FRBNY and AIG.
7. Information on Principal Accounts of TALF LLC
Millions of dollars
Account name Wednesday
Jul 24, 2013
Asset-backed securities holdings (1) 0
Other investments, net 268
Net portfolio holdings of TALF LLC 268
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) extended loans with a term of up to five years to
holders of eligible asset-backed securities. The Federal Reserve closed the TALF for new loan extensions in 2010.
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.
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. Prior to January 15, 2013, the U.S. Treasury's
Troubled Asset Relief Program (TARP) committed backup funding to TALF LLC, providing credit protection to the
FRBNY. However, the accumulated fees and income collected through the TALF and held by TALF LLC now exceed the
remaining amount of TALF loans outstanding. Accordingly, the TARP credit protection commitment has been
terminated, and TALF LLC has begun to distribute excess proceeds to the Treasury and the FRBNY. 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 Jul 24, 2013 Wednesday Wednesday
consolidation Jul 17, 2013 Jul 25, 2012
Assets
Gold certificate account 11,037 0 0
Special drawing rights certificate account 5,200 0 0
Coin 1,973 - 5 - 137
Securities, unamortized premiums and discounts,
repurchase agreements, and loans 3,499,482 + 34,794 + 758,563
Securities held outright (1) 3,297,452 + 34,722 + 701,629
U.S. Treasury securities 1,970,003 + 8,332 + 318,571
Bills (2) 0 0 - 5,938
Notes and bonds, nominal (2) 1,872,698 + 8,293 + 306,183
Notes and bonds, inflation-indexed (2) 84,406 0 + 15,320
Inflation compensation (3) 12,899 + 39 + 3,005
Federal agency debt securities (2) 66,521 0 - 24,508
Mortgage-backed securities (4) 1,260,928 + 26,391 + 407,566
Unamortized premiums on securities held outright
(5) 204,717 + 209 + 61,272
Unamortized discounts on securities held outright
(5) -3,031 - 118 - 988
Repurchase agreements (6) 0 0 0
Loans 344 - 21 - 3,349
Net portfolio holdings of Maiden Lane LLC (7) 1,414 0 - 667
Net portfolio holdings of Maiden Lane II LLC (8) 64 0 + 3
Net portfolio holdings of Maiden Lane III LLC (9) 22 0 - 7,133
Net portfolio holdings of TALF LLC (10) 268 0 - 580
Items in process of collection (0) 91 - 19 - 56
Bank premises 2,296 + 2 - 64
Central bank liquidity swaps (11) 1,480 + 1 - 25,752
Foreign currency denominated assets (12) 23,623 + 99 - 1,322
Other assets (13) 27,624 + 1,841 + 4,963
Total assets (0) 3,574,574 + 36,713 + 727,817
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 Jul 24, 2013 Wednesday Wednesday
consolidation Jul 17, 2013 Jul 25, 2012
Liabilities
Federal Reserve notes, net of F.R. Bank holdings 1,151,986 - 605 + 82,273
Reverse repurchase agreements (14) 85,555 - 2,964 - 1,946
Deposits (0) 2,272,721 + 40,112 + 650,577
Term deposits held by depository institutions 11,913 + 11,913 + 8,873
Other deposits held by depository institutions 2,099,329 - 41,108 + 531,462
U.S. Treasury, General Account 50,966 - 16,199 + 12,708
Foreign official 10,410 + 466 + 7,845
Other (0) 100,102 + 85,038 + 89,688
Deferred availability cash items (0) 863 + 20 + 65
Other liabilities and accrued dividends (15) 8,417 + 148 - 3,505
Total liabilities (0) 3,519,542 + 36,712 + 727,464
Capital accounts
Capital paid in 27,516 0 + 177
Surplus 27,516 0 + 177
Other capital accounts 0 0 0
Total capital 55,032 + 1 + 354
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, July 24, 2013
Millions of dollars
Assets, liabilities, and capital Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas Dallas San
City Francisco
Assets
Gold certificate account 11,037 391 3,925 397 512 856 1,421 792 310 190 309 728 1,206
Special drawing rights certificate acct. 5,200 196 1,818 210 237 412 654 424 150 90 153 282 574
Coin 1,973 32 84 121 137 335 196 288 29 48 160 197 345
Securities, unamortized premiums and
discounts, repurchase agreements,
and loans 3,499,482 91,499 1,940,631 101,385 89,364 217,579 232,466 189,109 56,322 33,234 66,217 135,889 345,787
Securities held outright (1) 3,297,452 86,225 1,828,572 95,541 84,214 205,038 219,045 178,183 53,057 31,290 62,384 128,048 325,854
U.S. Treasury securities 1,970,003 51,514 1,092,448 57,079 50,312 122,496 130,865 106,452 31,698 18,694 37,270 76,500 194,676
Bills (2) 0 0 0 0 0 0 0 0 0 0 0 0 0
Notes and bonds (3) 1,970,003 51,514 1,092,448 57,079 50,312 122,496 130,865 106,452 31,698 18,694 37,270 76,500 194,676
Federal agency debt securities (2) 66,521 1,739 36,889 1,927 1,699 4,136 4,419 3,595 1,070 631 1,259 2,583 6,574
Mortgage-backed securities (4) 1,260,928 32,972 699,236 36,534 32,203 78,406 83,762 68,136 20,289 11,965 23,855 48,965 124,605
Unamortized premiums on securities held
outright (5) 204,717 5,353 113,524 5,932 5,228 12,729 13,599 11,062 3,294 1,943 3,873 7,950 20,230
Unamortized discounts on securities
held outright (5) -3,031 -79 -1,681 -88 -77 -188 -201 -164 -49 -29 -57 -118 -300
Repurchase agreements (6) 0 0 0 0 0 0 0 0 0 0 0 0 0
Loans 344 0 215 0 0 0 22 28 20 30 18 8 2
Net portfolio holdings of Maiden
Lane LLC (7) 1,414 0 1,414 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) 268 0 268 0 0 0 0 0 0 0 0 0 0
Items in process of collection 91 0 0 0 0 0 86 0 0 5 0 0 0
Bank premises 2,296 120 429 72 113 230 212 202 128 101 250 234 206
Central bank liquidity swaps (11) 1,480 73 473 114 115 311 84 42 12 6 15 23 210
Foreign currency denominated assets (12) 23,623 1,161 7,554 1,827 1,842 4,960 1,346 674 197 99 239 375 3,350
Other assets (13) 27,624 759 14,867 810 720 1,905 1,848 1,483 485 325 546 1,176 2,700
Interdistrict settlement account 0 - 28,074 + 308,511 - 29,681 - 22,217 - 41,621 - 45,839 - 50,001 - 15,231 - 14,133 - 22,697 - 37,715 - 1,302
Total assets 3,574,574 66,157 2,280,061 75,257 70,824 184,967 192,473 143,012 42,404 19,964 45,192 101,189 353,076
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, July 24, 2013 (continued)
Millions of dollars
Assets, liabilities, and capital Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas Dallas San
City Francisco
Liabilities
Federal Reserve notes outstanding 1,473,451 46,664 551,884 45,993 61,387 111,627 181,478 96,007 37,078 23,420 39,638 113,502 164,775
Less: Notes held by F.R. Banks 321,465 13,252 92,809 8,640 10,110 13,954 34,882 21,319 4,780 10,890 13,239 60,468 37,121
Federal Reserve notes, net 1,151,986 33,412 459,075 37,353 51,277 97,673 146,596 74,687 32,297 12,530 26,399 53,034 127,653
Reverse repurchase agreements (14) 85,555 2,237 47,444 2,479 2,185 5,320 5,683 4,623 1,377 812 1,619 3,322 8,455
Deposits 2,272,721 27,715 1,750,716 30,982 12,799 69,901 35,900 61,828 8,101 6,048 16,463 43,647 208,621
Term deposits held by depository
institutions 11,913 5 8,010 800 0 1,045 700 128 0 70 150 5 1,000
Other deposits held by depository
institutions 2,099,329 27,707 1,581,395 30,147 12,796 68,799 35,188 61,664 8,101 5,978 16,311 43,639 207,605
U.S. Treasury, General Account 50,966 0 50,966 0 0 0 0 0 0 0 0 0 0
Foreign official 10,410 2 10,383 3 3 8 2 1 0 0 0 1 6
Other 100,102 0 99,962 32 0 49 10 35 0 0 1 2 10
Deferred availability cash items 863 0 0 0 0 0 666 0 0 197 0 0 0
Interest on Federal Reserve notes due
to U.S. Treasury (15) 1,486 33 847 25 32 79 105 89 26 16 32 63 140
Other liabilities and accrued
dividends (16) 6,931 161 4,432 192 184 463 330 273 138 129 118 202 309
Total liabilities 3,519,542 63,559 2,262,513 71,031 66,478 173,435 189,280 141,501 41,939 19,731 44,630 100,268 345,177
Capital
Capital paid in 27,516 1,299 8,774 2,113 2,173 5,766 1,597 756 232 117 281 460 3,950
Surplus 27,516 1,299 8,774 2,113 2,173 5,766 1,597 756 232 117 281 460 3,950
Other capital 0 0 0 0 0 0 0 0 0 0 0 0 0
Total liabilities and capital 3,574,574 66,157 2,280,061 75,257 70,824 184,967 192,473 143,012 42,404 19,964 45,192 101,189 353,076
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, July 24, 2013 (continued)
1. Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.
2. Face value of the securities.
3. Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face value of such securities.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the underlying mortgages.
5. Reflects the premium or discount, which is the difference between the purchase price and the face value of the securities that has not been amortized. For U.S. Treasury and Federal agency debt
securities, amortization is on a straight-line basis. For mortgage-backed securities, amortization is on an effective-interest basis.
6. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.
7. Refer to table 4 and the note on consolidation below.
8. Refer to table 5 and the note on consolidation below.
9. Refer to table 6 and the note on consolidation below.
10. Refer to table 7 and the note on consolidation below.
11. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals
the market exchange rate used when the foreign currency was acquired from the foreign central bank.
12. Revalued daily at current foreign currency exchange rates.
13. Includes accrued interest, which represents the daily accumulation of interest earned, and other accounts receivable.
14. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.
15. Represents the estimated weekly remittances to U.S. Treasury as interest on Federal Reserve notes or, in those cases where the Reserve Bank's net earnings are not sufficient to equate surplus to
capital paid-in, the deferred asset for interest on Federal Reserve notes. The amount of any deferred asset, which is presented as a negative amount in this line, represents the amount of the
Federal Reserve Bank's earnings that must be retained before remittances to the U.S. Treasury resume. The amounts on this line are calculated in accordance with Board of Governors policy, which requires
the Federal Reserve Banks to remit residual earnings to the U.S. Treasury as interest on Federal Reserve notes after providing for the costs of operations, payment of dividends, and the amount
necessary to equate surplus with capital paid-in.
16. Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to entities other than the Federal Reserve Bank of New York, including liabilities that have
recourse only to the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note on consolidation below.
Note on consolidation:
The Federal Reserve Bank of New York (FRBNY) has extended loans to several limited liability companies under the authority of section 13(3) of the Federal Reserve Act. On June 26, 2008, a
loan was extended to Maiden Lane LLC, which was formed to acquire certain assets of Bear Stearns. On November 25, 2008, a loan was extended to Maiden Lane III LLC, which was formed to purchase
multi-sector collateralized debt obligations on which the Financial Products group of the American International Group, Inc. has written credit default swap contracts. On December 12, 2008, a
loan was extended to Maiden Lane II LLC, which was formed to purchase residential mortgage-backed securities from the U.S. securities lending reinvestment portfolio of subsidiaries of American
International Group, Inc. On November 25, 2008, the Federal Reserve Board authorized the FRBNY to extend credit to TALF LLC, which was formed to purchase and manage any asset-backed securities
received by the FRBNY in connection with the decision of a borrower not to repay a loan extended under the Term Asset-Backed Securities Loan Facility.
The FRBNY is the primary beneficiary of TALF LLC, because of the two beneficiaries of the LLC, the FRBNY and the U.S. Treasury, the FRBNY is primarily responsible for directing the financial
activities of TALF LLC. The FRBNY is the primary beneficiary of the other LLCs cited above because it will receive a majority of any residual returns of the LLCs and absorb a majority of any
residual losses of the LLCs. Consistent with generally accepted accounting principles, the assets and liabilities of these LLCs have been consolidated with the assets and liabilities of the
FRBNY in the preparation of the statements of condition shown on this release. As a consequence of the consolidation, the extensions of credit from the FRBNY to the LLCs are eliminated, the net
assets of the LLCs appear as assets on the previous page (and in table 1 and table 8), and the liabilities of the LLCs to entities other than the FRBNY, including those with recourse only to
the portfolio holdings of the LLCs, are included in other liabilities in this table (and table 1 and table 8).
10. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts
Millions of dollars
Federal Reserve notes and collateral Wednesday
Jul 24, 2013
Federal Reserve notes outstanding 1,473,451
Less: Notes held by F.R. Banks not subject to collateralization 321,465
Federal Reserve notes to be collateralized 1,151,986
Collateral held against Federal Reserve notes 1,151,986
Gold certificate account 11,037
Special drawing rights certificate account 5,200
U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 1,135,749
Other assets pledged 0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 3,297,452
Less: Face value of securities under reverse repurchase agreements 76,558
U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,220,895
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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