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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 December 5, 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 Dec 4, 2013
Federal Reserve Banks Dec 4, 2013 Nov 27, 2013 Dec 5, 2012
Reserve Bank credit 3,884,390 + 2,188 +1,067,871 3,889,818
Securities held outright (1) 3,662,984 + 2,400 +1,044,185 3,668,024
U.S. Treasury securities 2,164,752 + 6,287 + 508,863 2,169,788
Bills (2) 0 0 0 0
Notes and bonds, nominal (2) 2,061,032 + 6,278 + 489,359 2,066,090
Notes and bonds, inflation-indexed (2) 89,979 0 + 16,635 89,979
Inflation compensation (3) 13,741 + 10 + 2,869 13,719
Federal agency debt securities (2) 58,372 0 - 20,911 58,372
Mortgage-backed securities (4) 1,439,860 - 3,887 + 556,233 1,439,864
Unamortized premiums on securities held outright (5) 207,596 - 253 + 42,027 207,768
Unamortized discounts on securities held outright (5) -10,252 - 263 - 8,718 -10,412
Repurchase agreements (6) 0 0 0 0
Loans 166 - 11 - 802 161
Primary credit 4 - 8 - 5 3
Secondary credit 0 0 0 0
Seasonal credit 63 - 4 + 41 60
Term Asset-Backed Securities Loan Facility (7) 98 0 - 839 98
Other credit extensions 0 0 0 0
Net portfolio holdings of Maiden Lane LLC (8) 1,517 0 + 85 1,519
Net portfolio holdings of Maiden Lane II LLC (9) 63 0 + 2 63
Net portfolio holdings of Maiden Lane III LLC (10) 22 0 0 22
Net portfolio holdings of TALF LLC (11) 110 0 - 746 110
Float -758 - 182 - 26 -744
Central bank liquidity swaps (12) 272 0 - 11,909 272
Other Federal Reserve assets (13) 22,670 + 497 + 3,774 23,035
Foreign currency denominated assets (14) 23,883 + 10 - 1,515 23,806
Gold stock 11,041 0 0 11,041
Special drawing rights certificate account 5,200 0 0 5,200
Treasury currency outstanding (15) 45,460 + 14 + 719 45,460
Total factors supplying reserve funds 3,969,974 + 2,211 +1,067,075 3,975,325
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 Dec 4, 2013
Federal Reserve Banks Dec 4, 2013 Nov 27, 2013 Dec 5, 2012
Currency in circulation (15) 1,228,004 + 5,852 + 76,221 1,228,569
Reverse repurchase agreements (16) 116,577 + 12,417 + 21,452 109,592
Foreign official and international accounts 102,575 + 2,507 + 8,599 98,497
Others 14,001 + 9,909 + 12,852 11,095
Treasury cash holdings 225 + 10 + 78 230
Deposits with F.R. Banks, other than reserve balances 69,024 - 41,155 + 5,529 63,783
Term deposits held by depository institutions 13,532 0 + 10,489 13,532
U.S. Treasury, General Account 37,947 - 15,797 + 3,950 32,379
Foreign official 8,735 - 1 + 1,944 8,734
Other 8,811 - 25,356 - 10,852 9,139
Other liabilities and capital (17) 63,535 - 737 - 2,692 62,526
Total factors, other than reserve balances,
absorbing reserve funds 1,477,365 - 23,613 + 100,588 1,464,701
Reserve balances with Federal Reserve Banks 2,492,609 + 25,824 + 966,487 2,510,625
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 Dec 4, 2013
Dec 4, 2013 Nov 27, 2013 Dec 5, 2012
Securities held in custody for foreign official and
international accounts 3,361,175 + 11,856 + 158,454 3,364,618
Marketable U.S. Treasury securities (1) 2,999,628 + 13,021 + 150,399 3,003,165
Federal agency debt and mortgage-backed securities (2) 318,775 - 852 + 1,365 318,609
Other securities (3) 42,772 - 313 + 6,691 42,844
Securities lent to dealers 13,620 + 1,529 + 7,777 11,929
Overnight facility (4) 13,620 + 1,529 + 7,777 11,929
U.S. Treasury securities 12,507 + 1,551 + 7,249 10,944
Federal agency debt securities 1,113 - 22 + 528 985
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, December 4, 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) 10 53 63 35 0 ... 161
U.S. Treasury securities (2)
Holdings 0 298 177 742,894 858,356 568,064 2,169,788
Weekly changes - 1 + 295 - 295 + 16,539 - 12,818 + 2,403 + 6,122
Federal agency debt securities (3)
Holdings 1,151 5,810 12,734 36,268 62 2,347 58,372
Weekly changes 0 0 0 0 0 0 0
Mortgage-backed securities (4)
Holdings 0 0 0 4 2,593 1,437,267 1,439,864
Weekly changes 0 0 0 + 1 + 41 - 32 + 10
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) 28 244 0 0 0 0 272
Reverse repurchase agreements (6) 109,592 0 ... ... ... ... 109,592
Term deposits 13,532 0 0 ... ... ... 13,532
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
Dec 4, 2013
Mortgage-backed securities held outright (1) 1,439,864
Commitments to buy mortgage-backed securities (2) 77,305
Commitments to sell mortgage-backed securities (2) 0
Cash and cash equivalents (3) 16
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
Dec 4, 2013
Net portfolio holdings of Maiden Lane LLC (1) 1,519
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 September 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
Dec 4, 2013
Net portfolio holdings of Maiden Lane II LLC (1) 63
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 September 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
Dec 4, 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 September 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
Dec 4, 2013
Asset-backed securities holdings (1) 0
Other investments, net 110
Net portfolio holdings of TALF LLC 110
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 Dec 4, 2013 Wednesday Wednesday
consolidation Nov 27, 2013 Dec 5, 2012
Assets
Gold certificate account 11,037 0 0
Special drawing rights certificate account 5,200 0 0
Coin 1,926 0 - 189
Securities, unamortized premiums and discounts,
repurchase agreements, and loans 3,865,541 + 6,005 +1,083,696
Securities held outright (1) 3,668,024 + 6,132 +1,051,503
U.S. Treasury securities 2,169,788 + 6,122 + 516,195
Bills (2) 0 0 0
Notes and bonds, nominal (2) 2,066,090 + 6,148 + 496,711
Notes and bonds, inflation-indexed (2) 89,979 0 + 16,635
Inflation compensation (3) 13,719 - 26 + 2,849
Federal agency debt securities (2) 58,372 0 - 20,911
Mortgage-backed securities (4) 1,439,864 + 10 + 556,218
Unamortized premiums on securities held outright
(5) 207,768 + 82 + 41,870
Unamortized discounts on securities held outright
(5) -10,412 - 198 - 8,879
Repurchase agreements (6) 0 0 0
Loans 161 - 11 - 798
Net portfolio holdings of Maiden Lane LLC (7) 1,519 + 2 + 85
Net portfolio holdings of Maiden Lane II LLC (8) 63 0 + 2
Net portfolio holdings of Maiden Lane III LLC (9) 22 0 0
Net portfolio holdings of TALF LLC (10) 110 0 - 746
Items in process of collection (0) 94 + 5 - 23
Bank premises 2,284 - 10 - 50
Central bank liquidity swaps (11) 272 0 - 11,909
Foreign currency denominated assets (12) 23,806 - 38 - 1,598
Other assets (13) 20,753 + 787 + 3,552
Total assets (0) 3,932,626 + 6,750 +1,072,819
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 Dec 4, 2013 Wednesday Wednesday
consolidation Nov 27, 2013 Dec 5, 2012
Liabilities
Federal Reserve notes, net of F.R. Bank holdings 1,185,260 + 1,267 + 72,938
Reverse repurchase agreements (14) 109,592 + 1,853 + 13,274
Deposits (0) 2,574,410 + 4,506 + 990,581
Term deposits held by depository institutions 13,532 0 + 10,489
Other deposits held by depository institutions 2,510,626 + 22,239 + 986,690
U.S. Treasury, General Account 32,379 - 13,054 + 10,948
Foreign official 8,734 - 6 + 757
Other (0) 9,139 - 4,674 - 18,304
Deferred availability cash items (0) 838 + 99 - 164
Other liabilities and accrued dividends (15) 7,547 - 990 - 4,095
Total liabilities (0) 3,877,647 + 6,735 +1,072,533
Capital accounts
Capital paid in 27,490 + 8 + 144
Surplus 27,490 + 8 + 144
Other capital accounts 0 0 0
Total capital 54,980 + 16 + 287
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, December 4, 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 1,926 34 83 124 129 329 226 279 27 46 142 174 333
Securities, unamortized premiums and
discounts, repurchase agreements,
and loans 3,865,541 101,076 2,143,610 111,997 98,718 240,352 256,775 208,886 62,207 36,692 73,144 150,107 381,977
Securities held outright (1) 3,668,024 95,915 2,034,070 106,278 93,678 228,081 243,662 198,207 59,020 34,807 69,395 142,438 362,474
U.S. Treasury securities 2,169,788 56,738 1,203,236 62,868 55,414 134,919 144,136 117,248 34,913 20,590 41,050 84,258 214,418
Bills (2) 0 0 0 0 0 0 0 0 0 0 0 0 0
Notes and bonds (3) 2,169,788 56,738 1,203,236 62,868 55,414 134,919 144,136 117,248 34,913 20,590 41,050 84,258 214,418
Federal agency debt securities (2) 58,372 1,526 32,370 1,691 1,491 3,630 3,878 3,154 939 554 1,104 2,267 5,768
Mortgage-backed securities (4) 1,439,864 37,651 798,464 41,719 36,773 89,532 95,648 77,805 23,168 13,663 27,241 55,913 142,287
Unamortized premiums on securities held
outright (5) 207,768 5,433 115,216 6,020 5,306 12,919 13,802 11,227 3,343 1,972 3,931 8,068 20,532
Unamortized discounts on securities
held outright (5) -10,412 -272 -5,774 -302 -266 -647 -692 -563 -168 -99 -197 -404 -1,029
Repurchase agreements (6) 0 0 0 0 0 0 0 0 0 0 0 0 0
Loans 161 0 99 0 0 0 3 15 12 13 15 5 0
Net portfolio holdings of Maiden
Lane LLC (7) 1,519 0 1,519 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of Maiden
Lane II LLC (8) 63 0 63 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) 110 0 110 0 0 0 0 0 0 0 0 0 0
Items in process of collection 95 0 0 0 0 0 93 0 0 0 0 0 0
Bank premises 2,284 122 429 72 111 228 211 202 127 100 247 231 204
Central bank liquidity swaps (11) 272 13 87 21 21 57 15 8 2 1 3 4 39
Foreign currency denominated assets (12) 23,806 1,170 7,613 1,841 1,857 4,999 1,356 679 198 100 241 378 3,376
Other assets (13) 20,753 572 11,035 725 536 1,462 1,394 1,117 384 259 411 832 2,026
Interdistrict settlement account 0 - 36,417 + 215,537 - 16,433 - 5,576 - 22,239 - 50,288 - 54,415 - 18,493 - 15,274 - 26,627 - 31,920 + 62,144
Total assets 3,932,627 67,157 2,385,852 98,954 96,544 226,455 211,857 157,973 44,912 22,204 48,023 120,817 451,879
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, December 4, 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 1,422,491 46,208 521,634 43,186 59,957 108,066 172,452 91,146 35,774 22,336 37,297 119,015 165,421
Less: Notes held by F.R. Banks 237,231 10,727 55,294 6,846 6,601 10,228 20,921 18,315 3,473 9,738 11,011 53,712 30,365
Federal Reserve notes, net 1,185,260 35,481 466,340 36,339 53,356 97,838 151,530 72,831 32,302 12,597 26,286 65,302 135,056
Reverse repurchase agreements (14) 109,592 2,866 60,773 3,175 2,799 6,815 7,280 5,922 1,763 1,040 2,073 4,256 10,830
Deposits 2,574,410 26,085 1,837,156 55,029 35,748 109,637 48,651 77,319 10,217 8,096 18,927 50,069 297,476
Term deposits held by depository
institutions 13,532 5 10,290 0 0 25 500 1,105 10 102 90 105 1,300
Other deposits held by depository
institutions 2,510,626 26,077 1,776,920 55,006 35,745 109,390 48,139 76,190 10,206 7,995 18,835 49,959 296,165
U.S. Treasury, General Account 32,379 0 32,379 0 0 0 0 0 0 0 0 0 0
Foreign official 8,734 2 8,706 3 3 8 2 1 0 0 0 1 6
Other 9,140 1 8,861 20 0 213 10 23 1 0 1 4 6
Deferred availability cash items 838 0 0 0 0 0 748 0 0 90 0 0 0
Interest on Federal Reserve notes due
to U.S. Treasury (15) 1,460 35 852 35 25 81 107 76 15 13 28 57 135
Other liabilities and accrued
dividends (16) 6,087 188 3,063 238 241 612 379 306 153 135 129 222 421
Total liabilities 3,877,647 64,655 2,368,185 94,817 92,169 214,983 208,696 156,454 44,449 21,971 47,444 119,906 443,918
Capital
Capital paid in 27,490 1,251 8,833 2,068 2,188 5,736 1,580 759 231 116 290 455 3,981
Surplus 27,490 1,251 8,833 2,068 2,188 5,736 1,580 759 231 116 290 455 3,981
Other capital 0 0 0 0 0 0 0 0 0 0 0 0 0
Total liabilities and capital 3,932,627 67,157 2,385,852 98,954 96,544 226,455 211,857 157,973 44,912 22,204 48,023 120,817 451,879
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, December 4, 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
Dec 4, 2013
Federal Reserve notes outstanding 1,422,491
Less: Notes held by F.R. Banks not subject to collateralization 237,231
Federal Reserve notes to be collateralized 1,185,260
Collateral held against Federal Reserve notes 1,185,260
Gold certificate account 11,037
Special drawing rights certificate account 5,200
U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 1,169,023
Other assets pledged 0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 3,668,024
Less: Face value of securities under reverse repurchase agreements 99,360
U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,568,664
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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