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Release Date: September 26, 2013
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FEDERAL RESERVE statistical release
For Release at
4:30 P.M. EDT
June 12, 2014
Table 10 line items “Less: Face value of securities under reverse repurchase agreements” and “U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged” have been corrected to include securities pledged as collateral for tri-party reverse repurchase agreements.
The revised data are reported at the following link: http://www.federalreserve.gov/releases/h41/2014update.htm.
Historical data incorporating this correction can be accessed through the Data Download Program (DDP) at http://www.federalreserve.gov/datadownload/Choose.aspx?rel=H41.
FEDERAL RESERVE statistical release
H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks September 26, 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 25, 2013
Federal Reserve Banks Sep 25, 2013 Sep 18, 2013 Sep 26, 2012
Reserve Bank credit 3,695,015 + 22,589 + 926,050 3,690,974
Securities held outright (1) 3,470,384 + 21,626 + 894,557 3,467,660
U.S. Treasury securities 2,056,784 + 9,250 + 413,626 2,062,004
Bills (2) 0 0 0 0
Notes and bonds, nominal (2) 1,956,248 + 9,241 + 394,850 1,961,465
Notes and bonds, inflation-indexed (2) 87,209 0 + 15,425 87,209
Inflation compensation (3) 13,327 + 10 + 3,350 13,330
Federal agency debt securities (2) 63,652 - 322 - 21,118 63,652
Mortgage-backed securities (4) 1,349,949 + 12,699 + 502,050 1,342,004
Unamortized premiums on securities held outright (5) 204,303 + 469 + 50,374 204,083
Unamortized discounts on securities held outright (5) -6,686 - 390 - 4,931 -6,922
Repurchase agreements (6) 0 0 0 0
Loans 272 - 14 - 1,456 268
Primary credit 20 - 10 - 23 14
Secondary credit 0 0 0 0
Seasonal credit 151 - 3 + 24 153
Term Asset-Backed Securities Loan Facility (7) 101 - 1 - 1,457 101
Other credit extensions 0 0 0 0
Net portfolio holdings of Maiden Lane LLC (8) 1,496 - 2 - 240 1,493
Net portfolio holdings of Maiden Lane II LLC (9) 64 0 + 3 64
Net portfolio holdings of Maiden Lane III LLC (10) 22 0 - 444 22
Net portfolio holdings of TALF LLC (11) 112 0 - 741 112
Float -572 + 96 + 21 -592
Central bank liquidity swaps (12) 263 + 1 - 14,430 263
Other Federal Reserve assets (13) 25,357 + 802 + 3,338 24,524
Foreign currency denominated assets (14) 24,060 + 238 - 1,806 24,122
Gold stock 11,041 0 0 11,041
Special drawing rights certificate account 5,200 0 0 5,200
Treasury currency outstanding (15) 45,315 + 14 + 690 45,315
Total factors supplying reserve funds 3,780,631 + 22,840 + 924,935 3,776,653
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 25, 2013
Federal Reserve Banks Sep 25, 2013 Sep 18, 2013 Sep 26, 2012
Currency in circulation (15) 1,204,496 - 578 + 78,490 1,205,955
Reverse repurchase agreements (16) 99,734 + 6,906 + 8,503 103,170
Foreign official and international accounts 95,340 + 2,512 + 4,109 96,926
Others 4,395 + 4,395 + 4,395 6,244
Treasury cash holdings 154 + 10 + 43 167
Deposits with F.R. Banks, other than reserve balances 132,367 + 31,975 - 14,698 95,975
Term deposits held by depository institutions 11,662 0 + 8,622 11,662
U.S. Treasury, General Account 44,991 - 3,108 - 28,248 46,017
Foreign official 8,877 + 137 + 3,316 8,877
Other 66,837 + 34,945 + 1,612 29,418
Other liabilities and capital (17) 65,277 - 694 - 1,116 64,373
Total factors, other than reserve balances,
absorbing reserve funds 1,502,028 + 37,620 + 71,222 1,469,640
Reserve balances with Federal Reserve Banks 2,278,603 - 14,780 + 853,713 2,307,012
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 25, 2013
Sep 25, 2013 Sep 18, 2013 Sep 26, 2012
Securities held in custody for foreign official and
international accounts 3,289,073 + 9,997 + 105,374 3,285,130
Marketable U.S. Treasury securities (1) 2,931,008 + 4,916 + 119,465 2,928,556
Federal agency debt and mortgage-backed securities (2) 320,104 + 5,152 - 14,051 318,495
Other securities (3) 37,962 - 70 - 40 38,078
Securities lent to dealers 22,618 + 4,959 + 14,468 21,495
Overnight facility (4) 22,618 + 4,959 + 14,468 21,495
U.S. Treasury securities 21,821 + 5,132 + 14,266 20,667
Federal agency debt securities 797 - 173 + 202 828
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 25, 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) 153 15 49 52 0 ... 268
U.S. Treasury securities (2)
Holdings 2 4 385 646,634 881,740 533,240 2,062,004
Weekly changes 0 0 0 + 1 + 6,998 + 2,950 + 9,949
Federal agency debt securities (3)
Holdings 3,000 3,431 17,215 37,597 62 2,347 63,652
Weekly changes 0 0 0 0 0 0 0
Mortgage-backed securities (4)
Holdings 0 0 0 2 2,552 1,339,450 1,342,004
Weekly changes 0 0 0 0 - 44 + 2,278 + 2,233
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) 104 159 0 0 0 0 263
Reverse repurchase agreements (6) 103,170 0 ... ... ... ... 103,170
Term deposits 11,662 0 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 25, 2013
Mortgage-backed securities held outright (1) 1,342,004
Commitments to buy mortgage-backed securities (2) 72,576
Commitments to sell mortgage-backed securities (2) 0
Cash and cash equivalents (3) 77
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 25, 2013
Net portfolio holdings of Maiden Lane LLC (1) 1,493
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 25, 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 25, 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 25, 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 25, 2013 Wednesday Wednesday
consolidation Sep 18, 2013 Sep 26, 2012
Assets
Gold certificate account 11,037 0 0
Special drawing rights certificate account 5,200 0 0
Coin 1,999 - 2 - 184
Securities, unamortized premiums and discounts,
repurchase agreements, and loans 3,665,089 + 11,671 + 943,873
Securities held outright (1) 3,467,660 + 12,182 + 900,873
U.S. Treasury securities 2,062,004 + 9,949 + 413,601
Bills (2) 0 0 0
Notes and bonds, nominal (2) 1,961,465 + 9,940 + 394,811
Notes and bonds, inflation-indexed (2) 87,209 0 + 15,425
Inflation compensation (3) 13,330 + 9 + 3,365
Federal agency debt securities (2) 63,652 0 - 19,753
Mortgage-backed securities (4) 1,342,004 + 2,233 + 507,025
Unamortized premiums on securities held outright
(5) 204,083 + 6 + 49,656
Unamortized discounts on securities held outright
(5) -6,922 - 483 - 5,192
Repurchase agreements (6) 0 0 0
Loans 268 - 34 - 1,464
Net portfolio holdings of Maiden Lane LLC (7) 1,493 - 3 - 227
Net portfolio holdings of Maiden Lane II LLC (8) 64 0 + 3
Net portfolio holdings of Maiden Lane III LLC (9) 22 0 - 3
Net portfolio holdings of TALF LLC (10) 112 0 - 741
Items in process of collection (0) 93 - 31 - 45
Bank premises 2,290 + 4 - 60
Central bank liquidity swaps (11) 263 + 1 - 14,430
Foreign currency denominated assets (12) 24,122 + 242 - 1,686
Other assets (13) 22,234 - 54 + 3,061
Total assets (0) 3,734,018 + 11,826 + 929,561
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 25, 2013 Wednesday Wednesday
consolidation Sep 18, 2013 Sep 26, 2012
Liabilities
Federal Reserve notes, net of F.R. Bank holdings 1,162,802 + 957 + 76,994
Reverse repurchase agreements (14) 103,170 + 10,150 + 13,634
Deposits (0) 2,402,987 + 294 + 839,526
Term deposits held by depository institutions 11,662 0 + 8,622
Other deposits held by depository institutions 2,307,013 + 52,981 + 836,477
U.S. Treasury, General Account 46,017 - 14,897 - 19,648
Foreign official 8,877 + 3 + 3,317
Other (0) 29,418 - 37,793 + 10,758
Deferred availability cash items (0) 685 - 91 - 94
Other liabilities and accrued dividends (15) 9,491 + 509 - 664
Total liabilities (0) 3,679,136 + 11,821 + 929,397
Capital accounts
Capital paid in 27,441 + 3 + 82
Surplus 27,441 + 3 + 82
Other capital accounts 0 0 0
Total capital 54,882 + 6 + 164
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 25, 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 1,999 34 90 128 136 343 207 287 27 48 160 191 349
Securities, unamortized premiums and
discounts, repurchase agreements,
and loans 3,665,089 95,831 2,032,394 106,193 93,596 227,882 243,471 198,050 58,999 34,832 69,358 142,326 362,157
Securities held outright (1) 3,467,660 90,676 1,922,960 100,473 88,561 215,622 230,352 187,380 55,796 32,905 65,604 134,658 342,674
U.S. Treasury securities 2,062,004 53,919 1,143,466 59,745 52,661 128,217 136,976 111,423 33,178 19,567 39,011 80,073 203,767
Bills (2) 0 0 0 0 0 0 0 0 0 0 0 0 0
Notes and bonds (3) 2,062,004 53,919 1,143,466 59,745 52,661 128,217 136,976 111,423 33,178 19,567 39,011 80,073 203,767
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) 1,342,004 35,092 744,196 38,884 34,273 83,447 89,148 72,517 21,593 12,735 25,389 52,113 132,617
Unamortized premiums on securities held
outright (5) 204,083 5,337 113,172 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) -6,922 -181 -3,839 -201 -177 -430 -460 -374 -111 -66 -131 -269 -684
Repurchase agreements (6) 0 0 0 0 0 0 0 0 0 0 0 0 0
Loans 268 0 101 8 0 0 22 16 31 55 23 12 0
Net portfolio holdings of Maiden
Lane LLC (7) 1,493 0 1,493 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 93 0 0 0 0 0 92 0 0 1 0 0 0
Bank premises 2,290 118 430 72 112 228 212 203 127 100 249 233 205
Central bank liquidity swaps (11) 263 13 84 20 21 55 15 8 2 1 3 4 37
Foreign currency denominated assets (12) 24,122 1,185 7,713 1,866 1,881 5,065 1,374 688 201 101 244 383 3,421
Other assets (13) 22,234 614 11,913 652 576 1,556 1,492 1,195 390 271 442 959 2,173
Interdistrict settlement account 0 - 23,806 + 293,821 - 29,837 - 18,286 - 27,079 - 51,193 - 57,923 - 16,975 - 15,187 - 25,246 - 34,900 + 6,611
Total assets 3,734,018 74,578 2,353,879 79,702 78,784 209,318 197,744 143,724 43,231 20,447 45,670 110,206 376,734
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 25, 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 1,485,640 46,806 545,661 44,965 62,368 112,765 182,307 96,018 37,384 23,501 39,181 121,894 172,790
Less: Notes held by F.R. Banks 322,838 12,682 85,352 9,303 10,504 14,898 34,663 23,868 4,918 10,849 13,286 60,288 42,227
Federal Reserve notes, net 1,162,802 34,124 460,309 35,662 51,865 97,867 147,644 72,150 32,467 12,652 25,895 61,605 130,562
Reverse repurchase agreements (14) 103,170 2,698 57,212 2,989 2,635 6,415 6,853 5,575 1,660 979 1,952 4,006 10,195
Deposits 2,402,987 34,903 1,813,493 36,569 19,629 92,871 38,898 64,039 8,450 6,329 17,083 43,360 227,361
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 2,307,013 34,900 1,721,408 35,784 19,626 92,580 38,177 62,915 8,440 6,252 16,932 43,251 226,748
U.S. Treasury, General Account 46,017 0 46,017 0 0 0 0 0 0 0 0 0 0
Foreign official 8,877 2 8,850 3 3 8 2 1 0 0 0 1 6
Other 29,418 1 29,088 32 0 253 10 23 0 0 1 3 7
Deferred availability cash items 685 0 0 0 0 0 589 0 0 96 0 0 0
Interest on Federal Reserve notes due
to U.S. Treasury (15) 1,711 48 888 61 56 137 116 93 25 15 30 61 180
Other liabilities and accrued
dividends (16) 7,779 204 4,500 243 242 596 442 354 164 143 147 260 483
Total liabilities 3,679,136 71,978 2,336,403 75,524 74,426 197,886 194,543 142,211 42,767 20,214 45,108 109,294 368,782
Capital
Capital paid in 27,441 1,300 8,738 2,089 2,179 5,716 1,600 757 232 116 281 456 3,976
Surplus 27,441 1,300 8,738 2,089 2,179 5,716 1,600 757 232 116 281 456 3,976
Other capital 0 0 0 0 0 0 0 0 0 0 0 0 0
Total liabilities and capital 3,734,018 74,578 2,353,879 79,702 78,784 209,318 197,744 143,724 43,231 20,447 45,670 110,206 376,734
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 25, 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 25, 2013
Federal Reserve notes outstanding 1,485,640
Less: Notes held by F.R. Banks not subject to collateralization 322,838
Federal Reserve notes to be collateralized 1,162,802
Collateral held against Federal Reserve notes 1,162,802
Gold certificate account 11,037
Special drawing rights certificate account 5,200
U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 1,146,565
Other assets pledged 0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 3,467,660
Less: Face value of securities under reverse repurchase agreements 93,484
U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,374,176
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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