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Release Date: September 19, 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 September 19, 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 Sep 18, 2013
Federal Reserve Banks Sep 18, 2013 Sep 11, 2013 Sep 19, 2012
Reserve Bank credit 3,672,426 + 56,429 + 892,761 3,679,297
Securities held outright (1) 3,448,758 + 54,582 + 862,091 3,455,478
U.S. Treasury securities 2,047,534 + 9,253 + 404,071 2,052,055
Bills (2) 0 0 0 0
Notes and bonds, nominal (2) 1,947,007 + 7,972 + 385,335 1,951,525
Notes and bonds, inflation-indexed (2) 87,209 + 1,191 + 15,425 87,209
Inflation compensation (3) 13,317 + 89 + 3,309 13,321
Federal agency debt securities (2) 63,974 - 456 - 23,188 63,652
Mortgage-backed securities (4) 1,337,250 + 45,784 + 481,208 1,339,771
Unamortized premiums on securities held outright (5) 203,834 + 686 + 50,855 204,077
Unamortized discounts on securities held outright (5) -6,296 - 590 - 4,542 -6,439
Repurchase agreements (6) 0 0 0 0
Loans 286 + 13 - 1,527 302
Primary credit 30 + 12 + 17 51
Secondary credit 0 0 0 0
Seasonal credit 154 + 1 + 33 149
Term Asset-Backed Securities Loan Facility (7) 102 0 - 1,577 102
Other credit extensions 0 0 0 0
Net portfolio holdings of Maiden Lane LLC (8) 1,498 + 5 - 394 1,496
Net portfolio holdings of Maiden Lane II LLC (9) 64 0 + 3 64
Net portfolio holdings of Maiden Lane III LLC (10) 22 0 - 1,563 22
Net portfolio holdings of TALF LLC (11) 112 - 12 - 739 112
Float -668 + 101 - 6 -651
Central bank liquidity swaps (12) 262 - 58 - 14,480 262
Other Federal Reserve assets (13) 24,555 + 1,703 + 3,063 24,575
Foreign currency denominated assets (14) 23,822 + 152 - 2,160 23,880
Gold stock 11,041 0 0 11,041
Special drawing rights certificate account 5,200 0 0 5,200
Treasury currency outstanding (15) 45,301 + 14 + 687 45,301
Total factors supplying reserve funds 3,757,791 + 56,596 + 891,289 3,764,720
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 Sep 18, 2013
Federal Reserve Banks Sep 18, 2013 Sep 11, 2013 Sep 19, 2012
Currency in circulation (15) 1,205,074 - 2,441 + 80,013 1,204,998
Reverse repurchase agreements (16) 92,828 + 240 - 2,262 93,020
Foreign official and international accounts 92,828 + 240 - 977 93,020
Others 0 0 - 1,286 0
Treasury cash holdings 144 + 2 + 36 152
Deposits with F.R. Banks, other than reserve balances 100,392 + 28,444 - 25,289 148,661
Term deposits held by depository institutions 11,662 + 11,662 + 8,622 11,662
U.S. Treasury, General Account 48,099 + 9,548 - 16,617 60,914
Foreign official 8,740 - 254 + 3,180 8,874
Other 31,892 + 7,489 - 20,473 67,211
Other liabilities and capital (17) 65,971 + 2,798 - 1,275 63,858
Total factors, other than reserve balances,
absorbing reserve funds 1,464,408 + 29,043 + 51,221 1,510,688
Reserve balances with Federal Reserve Banks 2,293,383 + 27,552 + 840,068 2,254,032
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. The current face value shown is the
remaining principal balance of the securities.
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 Sep 18, 2013
Sep 18, 2013 Sep 11, 2013 Sep 19, 2012
Securities held in custody for foreign official and
international accounts 3,279,076 + 2,599 + 103,433 3,285,062
Marketable U.S. Treasury securities (1) 2,926,092 + 1,943 + 121,097 2,933,265
Federal agency debt and mortgage-backed securities (2) 314,952 + 139 - 17,035 313,728
Other securities (3) 38,032 + 517 - 629 38,068
Securities lent to dealers 17,659 + 5,561 + 11,116 23,995
Overnight facility (4) 17,659 + 5,561 + 11,116 23,995
U.S. Treasury securities 16,689 + 5,424 + 10,896 23,003
Federal agency debt securities 970 + 137 + 221 992
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 securities.
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, September 18, 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) 177 23 29 73 0 ... 302
U.S. Treasury securities (2)
Holdings 2 4 385 646,633 874,742 530,290 2,052,055
Weekly changes + 2 - 1 0 + 1 + 7,056 + 3,911 + 10,967
Federal agency debt securities (3)
Holdings 3,000 3,431 17,215 37,597 62 2,347 63,652
Weekly changes + 2,436 - 1,849 + 405 - 1,556 0 0 - 564
Mortgage-backed securities (4)
Holdings 0 0 0 2 2,596 1,337,172 1,339,771
Weekly changes 0 0 0 0 - 3 + 48,296 + 48,293
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) 76 186 0 0 0 0 262
Reverse repurchase agreements (6) 93,020 0 ... ... ... ... 93,020
Term deposits 0 11,662 0 ... ... ... 11,662
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. The current face value shown is the
remaining principal balance of the securities.
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
Sep 18, 2013
Mortgage-backed securities held outright (1) 1,339,771
Commitments to buy mortgage-backed securities (2) 70,339
Commitments to sell mortgage-backed securities (2) 0
Cash and cash equivalents (3) 83
1. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the
remaining principal balance of the securities.
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
Sep 18, 2013
Net portfolio holdings of Maiden Lane LLC (1) 1,496
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 June 30, 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
Sep 18, 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 June 30, 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
Sep 18, 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 June 30, 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
Sep 18, 2013
Asset-backed securities holdings (1) 0
Other investments, net 112
Net portfolio holdings of TALF LLC 112
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 Sep 18, 2013 Wednesday Wednesday
consolidation Sep 11, 2013 Sep 19, 2012
Assets
Gold certificate account 11,037 0 0
Special drawing rights certificate account 5,200 0 0
Coin 2,001 + 9 - 176
Securities, unamortized premiums and discounts,
repurchase agreements, and loans 3,653,418 + 59,139 + 916,778
Securities held outright (1) 3,455,478 + 58,696 + 872,140
U.S. Treasury securities 2,052,055 + 10,967 + 405,957
Bills (2) 0 0 0
Notes and bonds, nominal (2) 1,951,525 + 10,958 + 387,207
Notes and bonds, inflation-indexed (2) 87,209 0 + 15,425
Inflation compensation (3) 13,321 + 9 + 3,325
Federal agency debt securities (2) 63,652 - 564 - 23,446
Mortgage-backed securities (4) 1,339,771 + 48,293 + 489,629
Unamortized premiums on securities held outright
(5) 204,077 + 990 + 50,825
Unamortized discounts on securities held outright
(5) -6,439 - 572 - 4,665
Repurchase agreements (6) 0 0 0
Loans 302 + 25 - 1,521
Net portfolio holdings of Maiden Lane LLC (7) 1,496 - 2 - 243
Net portfolio holdings of Maiden Lane II LLC (8) 64 0 + 3
Net portfolio holdings of Maiden Lane III LLC (9) 22 0 - 1,563
Net portfolio holdings of TALF LLC (10) 112 0 - 739
Items in process of collection (0) 124 - 1 - 13
Bank premises 2,286 + 2 - 65
Central bank liquidity swaps (11) 262 - 58 - 14,480
Foreign currency denominated assets (12) 23,880 + 154 - 2,060
Other assets (13) 22,288 + 912 + 3,173
Total assets (0) 3,722,192 + 60,157 + 900,618
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 Sep 18, 2013 Wednesday Wednesday
consolidation Sep 11, 2013 Sep 19, 2012
Liabilities
Federal Reserve notes, net of F.R. Bank holdings 1,161,845 - 1,625 + 78,538
Reverse repurchase agreements (14) 93,020 + 856 - 949
Deposits (0) 2,402,693 + 60,284 + 824,284
Term deposits held by depository institutions 11,662 + 11,662 + 8,622
Other deposits held by depository institutions 2,254,032 - 21,610 + 833,397
U.S. Treasury, General Account 60,914 + 30,894 - 14,762
Foreign official 8,874 + 109 + 3,314
Other (0) 67,211 + 39,229 - 6,287
Deferred availability cash items (0) 776 - 108 - 57
Other liabilities and accrued dividends (15) 8,982 + 760 - 1,231
Total liabilities (0) 3,667,315 + 60,167 + 900,584
Capital accounts
Capital paid in 27,438 - 6 + 16
Surplus 27,438 - 6 + 16
Other capital accounts 0 0 0
Total capital 54,876 - 11 + 33
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. The current face value shown is the
remaining principal balance of the securities.
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, September 18, 2013
Millions of dollars
Assets, liabilities, and capital Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas Dallas San
City Francisco
Assets
Gold certificate account 11,037 391 3,925 397 512 856 1,421 792 310 190 309 728 1,206
Special drawing rights certificate acct. 5,200 196 1,818 210 237 412 654 424 150 90 153 282 574
Coin 2,001 36 89 127 136 342 207 286 28 48 160 192 349
Securities, unamortized premiums and
discounts, repurchase agreements,
and loans 3,653,418 95,525 2,025,905 105,861 93,297 227,154 242,695 197,450 58,809 34,718 69,136 141,866 361,002
Securities held outright (1) 3,455,478 90,357 1,916,204 100,120 88,249 214,864 229,543 186,722 55,600 32,790 65,374 134,185 341,470
U.S. Treasury securities 2,052,055 53,659 1,137,948 59,457 52,407 127,598 136,315 110,886 33,018 19,472 38,823 79,686 202,784
Bills (2) 0 0 0 0 0 0 0 0 0 0 0 0 0
Notes and bonds (3) 2,052,055 53,659 1,137,948 59,457 52,407 127,598 136,315 110,886 33,018 19,472 38,823 79,686 202,784
Federal agency debt securities (2) 63,652 1,664 35,298 1,844 1,626 3,958 4,228 3,440 1,024 604 1,204 2,472 6,290
Mortgage-backed securities (4) 1,339,771 35,034 742,958 38,819 34,216 83,308 88,999 72,397 21,557 12,713 25,347 52,027 132,396
Unamortized premiums on securities held
outright (5) 204,077 5,336 113,169 5,913 5,212 12,690 13,557 11,028 3,284 1,937 3,861 7,925 20,167
Unamortized discounts on securities
held outright (5) -6,439 -168 -3,571 -187 -164 -400 -428 -348 -104 -61 -122 -250 -636
Repurchase agreements (6) 0 0 0 0 0 0 0 0 0 0 0 0 0
Loans 302 0 102 15 0 1 23 48 29 53 23 7 1
Net portfolio holdings of Maiden
Lane LLC (7) 1,496 0 1,496 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) 112 0 112 0 0 0 0 0 0 0 0 0 0
Items in process of collection 124 0 0 0 0 0 124 0 0 0 0 0 0
Bank premises 2,286 118 428 72 112 229 212 201 127 100 249 233 205
Central bank liquidity swaps (11) 262 13 84 20 20 55 15 7 2 1 3 4 37
Foreign currency denominated assets (12) 23,880 1,174 7,636 1,847 1,863 5,014 1,360 681 199 100 242 379 3,387
Other assets (13) 22,288 617 11,954 657 578 1,569 1,493 1,199 391 272 443 934 2,182
Interdistrict settlement account 0 - 25,644 + 287,643 - 30,464 - 18,593 - 17,440 - 49,977 - 59,363 - 16,725 - 14,949 - 25,013 - 35,295 + 5,821
Total assets 3,722,192 72,426 2,341,175 78,728 78,161 218,193 198,203 141,677 43,292 20,571 45,681 109,323 374,763
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, September 18, 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 1,488,874 46,990 547,138 45,078 62,438 112,699 182,958 96,352 37,486 23,527 39,342 121,927 172,940
Less: Notes held by F.R. Banks 327,028 12,925 88,373 9,386 10,355 15,265 34,973 24,048 5,032 10,884 13,498 60,410 41,880
Federal Reserve notes, net 1,161,845 34,065 458,765 35,692 52,083 97,434 147,985 72,304 32,453 12,643 25,844 61,517 131,060
Reverse repurchase agreements (14) 93,020 2,432 51,583 2,695 2,376 5,784 6,179 5,026 1,497 883 1,760 3,612 9,192
Deposits 2,402,693 33,075 1,808,531 35,863 19,053 102,807 39,596 62,379 8,684 6,553 17,333 42,945 225,872
Term deposits held by depository
institutions 11,662 0 8,130 750 0 30 710 1,100 10 77 150 105 600
Other deposits held by depository
institutions 2,254,032 33,055 1,663,796 35,077 19,050 102,500 38,874 61,255 8,674 6,475 17,181 42,835 225,260
U.S. Treasury, General Account 60,914 0 60,914 0 0 0 0 0 0 0 0 0 0
Foreign official 8,874 2 8,847 3 3 8 2 1 0 0 0 1 6
Other 67,211 19 66,845 33 0 268 10 23 0 0 1 5 7
Deferred availability cash items 776 0 0 0 0 0 675 0 0 100 0 0 0
Interest on Federal Reserve notes due
to U.S. Treasury (15) 1,757 49 939 54 51 127 121 91 27 16 32 71 178
Other liabilities and accrued
dividends (16) 7,225 206 3,883 246 245 608 446 364 166 143 150 265 503
Total liabilities 3,667,315 69,828 2,323,701 74,550 73,808 206,761 195,002 140,164 42,828 20,338 45,118 108,411 366,805
Capital
Capital paid in 27,438 1,299 8,737 2,089 2,176 5,716 1,600 757 232 116 281 456 3,979
Surplus 27,438 1,299 8,737 2,089 2,176 5,716 1,600 757 232 116 281 456 3,979
Other capital 0 0 0 0 0 0 0 0 0 0 0 0 0
Total liabilities and capital 3,722,192 72,426 2,341,175 78,728 78,161 218,193 198,203 141,677 43,292 20,571 45,681 109,323 374,763
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, September 18, 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. The current face value shown is the remaining principal balance of the securities.
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
Sep 18, 2013
Federal Reserve notes outstanding 1,488,874
Less: Notes held by F.R. Banks not subject to collateralization 327,028
Federal Reserve notes to be collateralized 1,161,845
Collateral held against Federal Reserve notes 1,161,845
Gold certificate account 11,037
Special drawing rights certificate account 5,200
U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 1,145,608
Other assets pledged 0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 3,455,478
Less: Face value of securities under reverse repurchase agreements 84,210
U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,371,268
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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