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Release Date: December 19, 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 December 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 Dec 18, 2013
Federal Reserve Banks Dec 18, 2013 Dec 11, 2013 Dec 19, 2012
Reserve Bank credit 3,958,486 + 53,017 +1,085,624 3,965,092
Securities held outright (1) 3,732,882 + 50,618 +1,063,936 3,739,919
U.S. Treasury securities 2,192,260 + 14,242 + 532,561 2,197,292
Bills (2) 0 0 0 0
Notes and bonds, nominal (2) 2,087,219 + 13,067 + 513,208 2,092,274
Notes and bonds, inflation-indexed (2) 91,379 + 1,200 + 16,639 91,379
Inflation compensation (3) 13,662 - 24 + 2,714 13,639
Federal agency debt securities (2) 57,221 - 987 - 22,062 57,221
Mortgage-backed securities (4) 1,483,401 + 37,362 + 553,437 1,485,407
Unamortized premiums on securities held outright (5) 208,868 + 981 + 39,590 208,882
Unamortized discounts on securities held outright (5) -11,404 - 669 - 9,875 -11,711
Repurchase agreements (6) 0 0 0 0
Loans 168 - 1 - 671 181
Primary credit 6 - 7 - 6 15
Secondary credit 0 0 0 0
Seasonal credit 64 + 6 + 41 67
Term Asset-Backed Securities Loan Facility (7) 98 0 - 705 98
Other credit extensions 0 0 0 0
Net portfolio holdings of Maiden Lane LLC (8) 1,520 0 + 87 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) 109 0 - 747 109
Float -620 + 41 + 144 -694
Central bank liquidity swaps (12) 273 + 1 - 11,276 273
Other Federal Reserve assets (13) 26,605 + 2,046 + 4,434 26,530
Foreign currency denominated assets (14) 23,957 - 9 - 1,362 23,976
Gold stock 11,041 0 0 11,041
Special drawing rights certificate account 5,200 0 0 5,200
Treasury currency outstanding (15) 45,502 + 14 + 756 45,502
Total factors supplying reserve funds 4,044,187 + 53,023 +1,085,019 4,050,811
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 18, 2013
Federal Reserve Banks Dec 18, 2013 Dec 11, 2013 Dec 19, 2012
Currency in circulation (15) 1,229,724 + 2,173 + 73,016 1,232,490
Reverse repurchase agreements (16) 115,863 + 2,968 + 11,681 111,966
Foreign official and international accounts 100,151 - 247 - 4,031 100,861
Others 15,712 + 3,215 + 15,712 11,105
Treasury cash holdings 227 - 2 + 83 229
Deposits with F.R. Banks, other than reserve balances 112,723 + 50,551 - 1,178 177,148
Term deposits held by depository institutions 13,532 0 + 13,532 13,532
U.S. Treasury, General Account 70,572 + 41,580 + 15,586 116,998
Foreign official 7,983 - 144 + 1,976 7,973
Other 20,636 + 9,115 - 32,272 38,646
Other liabilities and capital (17) 64,349 + 57 - 2,664 63,046
Total factors, other than reserve balances,
absorbing reserve funds 1,522,886 + 55,746 + 80,938 1,584,879
Reserve balances with Federal Reserve Banks 2,521,300 - 2,724 +1,004,080 2,465,932
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 18, 2013
Dec 18, 2013 Dec 11, 2013 Dec 19, 2012
Securities held in custody for foreign official and
international accounts 3,379,756 + 11,741 + 149,477 3,379,660
Marketable U.S. Treasury securities (1) 3,021,023 + 14,143 + 142,662 3,021,465
Federal agency debt and mortgage-backed securities (2) 315,447 - 2,608 - 562 314,881
Other securities (3) 43,285 + 205 + 7,376 43,313
Securities lent to dealers 11,246 - 334 + 5,365 11,119
Overnight facility (4) 11,246 - 334 + 5,365 11,119
U.S. Treasury securities 10,251 - 397 + 5,143 10,035
Federal agency debt securities 995 + 63 + 222 1,084
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 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) 82 0 65 34 0 ... 181
U.S. Treasury securities (2)
Holdings 1 297 177 748,008 871,606 577,203 2,197,292
Weekly changes + 1 - 1 0 - 7 + 6,899 + 4,681 + 11,573
Federal agency debt securities (3)
Holdings 0 9,878 8,666 36,268 62 2,347 57,221
Weekly changes 0 + 4,068 - 4,068 0 0 0 0
Mortgage-backed securities (4)
Holdings 0 0 0 5 2,581 1,482,820 1,485,407
Weekly changes 0 0 0 + 1 - 12 + 2,451 + 2,441
Asset-backed securities held by
TALF LLC (5) 0 0 0 0 0 0 0
Repurchase agreements (6) 0 0 ... ... ... ... 0
Central bank liquidity swaps (7) 1 272 0 0 0 0 273
Reverse repurchase agreements (6) 111,966 0 ... ... ... ... 111,966
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 18, 2013
Mortgage-backed securities held outright (1) 1,485,407
Commitments to buy mortgage-backed securities (2) 55,928
Commitments to sell mortgage-backed securities (2) 0
Cash and cash equivalents (3) 59
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 18, 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 18, 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 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 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 18, 2013
Asset-backed securities holdings (1) 0
Other investments, net 109
Net portfolio holdings of TALF LLC 109
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 18, 2013 Wednesday Wednesday
consolidation Dec 11, 2013 Dec 19, 2012
Assets
Gold certificate account 11,037 0 0
Special drawing rights certificate account 5,200 0 0
Coin 1,964 + 17 - 162
Securities, unamortized premiums and discounts,
repurchase agreements, and loans 3,937,271 + 13,287 +1,096,934
Securities held outright (1) 3,739,919 + 14,012 +1,068,394
U.S. Treasury securities 2,197,292 + 11,573 + 538,441
Bills (2) 0 0 0
Notes and bonds, nominal (2) 2,092,274 + 11,634 + 519,108
Notes and bonds, inflation-indexed (2) 91,379 0 + 16,639
Inflation compensation (3) 13,639 - 61 + 2,694
Federal agency debt securities (2) 57,221 0 - 22,062
Mortgage-backed securities (4) 1,485,407 + 2,441 + 552,016
Unamortized premiums on securities held outright
(5) 208,882 - 133 + 39,389
Unamortized discounts on securities held outright
(5) -11,711 - 600 - 10,166
Repurchase agreements (6) 0 0 0
Loans 181 + 8 - 683
Net portfolio holdings of Maiden Lane LLC (7) 1,519 - 1 + 88
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) 109 0 - 747
Items in process of collection (0) 99 + 5 - 34
Bank premises 2,287 + 3 - 50
Central bank liquidity swaps (11) 273 + 1 - 11,276
Foreign currency denominated assets (12) 23,976 - 103 - 1,372
Other assets (13) 24,243 + 899 + 4,448
Total assets (0) 4,008,062 + 14,107 +1,087,831
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 18, 2013 Wednesday Wednesday
consolidation Dec 11, 2013 Dec 19, 2012
Liabilities
Federal Reserve notes, net of F.R. Bank holdings 1,189,176 + 2,736 + 71,713
Reverse repurchase agreements (14) 111,966 - 23,775 + 11,002
Deposits (0) 2,643,081 + 39,576 +1,008,396
Term deposits held by depository institutions 13,532 0 + 13,532
Other deposits held by depository institutions 2,465,932 - 74,790 + 983,234
U.S. Treasury, General Account 116,998 + 95,508 + 41,981
Foreign official 7,973 + 2 + 1,973
Other (0) 38,646 + 18,857 - 32,325
Deferred availability cash items (0) 793 + 72 - 197
Other liabilities and accrued dividends (15) 8,061 - 4,506 - 3,338
Total liabilities (0) 3,953,077 + 14,103 +1,087,575
Capital accounts
Capital paid in 27,492 + 2 + 128
Surplus 27,492 + 2 + 128
Other capital accounts 0 0 0
Total capital 54,984 + 3 + 256
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 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 1,964 36 81 125 130 337 238 283 20 48 152 181 333
Securities, unamortized premiums and
discounts, repurchase agreements,
and loans 3,937,271 102,951 2,183,376 114,074 100,549 244,812 261,537 212,774 63,360 37,380 74,501 152,887 389,070
Securities held outright (1) 3,739,919 97,795 2,073,938 108,361 95,514 232,551 248,438 202,092 60,176 35,489 70,755 145,230 369,579
U.S. Treasury securities 2,197,292 57,457 1,218,488 63,665 56,117 136,629 145,963 118,734 35,355 20,851 41,570 85,326 217,136
Bills (2) 0 0 0 0 0 0 0 0 0 0 0 0 0
Notes and bonds (3) 2,197,292 57,457 1,218,488 63,665 56,117 136,629 145,963 118,734 35,355 20,851 41,570 85,326 217,136
Federal agency debt securities (2) 57,221 1,496 31,731 1,658 1,461 3,558 3,801 3,092 921 543 1,083 2,222 5,655
Mortgage-backed securities (4) 1,485,407 38,842 823,719 43,039 37,936 92,364 98,674 80,266 23,901 14,095 28,102 57,682 146,788
Unamortized premiums on securities held
outright (5) 208,882 5,462 115,834 6,052 5,335 12,988 13,876 11,287 3,361 1,982 3,952 8,111 20,642
Unamortized discounts on securities
held outright (5) -11,711 -306 -6,494 -339 -299 -728 -778 -633 -188 -111 -222 -455 -1,157
Repurchase agreements (6) 0 0 0 0 0 0 0 0 0 0 0 0 0
Loans 181 0 98 0 0 0 1 27 11 20 16 1 7
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) 109 0 109 0 0 0 0 0 0 0 0 0 0
Items in process of collection 99 0 0 0 0 0 98 0 0 0 0 0 0
Bank premises 2,287 122 432 72 111 228 211 203 127 100 247 231 204
Central bank liquidity swaps (11) 273 13 87 21 21 57 16 8 2 1 3 4 39
Foreign currency denominated assets (12) 23,976 1,178 7,667 1,854 1,870 5,034 1,366 684 200 100 243 380 3,400
Other assets (13) 24,243 670 12,999 712 626 1,676 1,619 1,306 441 292 481 1,049 2,371
Interdistrict settlement account 0 - 28,949 + 289,811 - 23,338 - 15,805 - 38,588 - 57,967 - 63,131 - 21,075 - 16,378 - 29,060 - 38,517 + 42,995
Total assets 4,008,062 76,608 2,501,909 94,128 88,252 214,824 209,191 153,342 43,535 21,823 47,028 117,227 440,193
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 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 1,410,913 45,945 516,788 42,792 59,166 106,317 171,672 88,518 35,085 21,984 37,245 120,657 164,745
Less: Notes held by F.R. Banks 221,737 10,666 45,203 6,710 6,269 9,911 19,753 15,725 3,641 9,576 10,800 53,793 29,690
Federal Reserve notes, net 1,189,176 35,279 471,584 36,082 52,897 96,406 151,919 72,794 31,444 12,408 26,445 66,864 135,055
Reverse repurchase agreements (14) 111,966 2,928 62,090 3,244 2,859 6,962 7,438 6,050 1,802 1,062 2,118 4,348 11,064
Deposits 2,643,081 35,662 1,946,342 50,371 27,838 99,250 45,543 72,570 9,649 7,799 17,726 44,808 285,522
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 2,465,932 35,650 1,772,680 50,347 27,835 99,069 45,031 71,441 9,639 7,697 17,635 44,700 284,209
U.S. Treasury, General Account 116,998 0 116,998 0 0 0 0 0 0 0 0 0 0
Foreign official 7,973 2 7,946 3 3 8 2 1 0 0 0 1 6
Other 38,646 5 38,428 21 0 148 10 23 0 0 1 2 8
Deferred availability cash items 793 0 0 0 0 0 622 0 0 171 0 0 0
Interest on Federal Reserve notes due
to U.S. Treasury (15) 1,593 38 927 41 29 77 113 86 28 15 29 68 142
Other liabilities and accrued
dividends (16) 6,468 199 3,297 253 253 657 393 323 150 136 130 228 448
Total liabilities 3,953,077 74,106 2,484,240 89,992 83,877 203,352 206,028 151,823 43,073 21,591 46,449 116,316 432,232
Capital
Capital paid in 27,492 1,251 8,835 2,068 2,188 5,736 1,582 760 231 116 290 456 3,981
Surplus 27,492 1,251 8,835 2,068 2,188 5,736 1,582 760 231 116 290 456 3,981
Other capital 0 0 0 0 0 0 0 0 0 0 0 0 0
Total liabilities and capital 4,008,062 76,608 2,501,909 94,128 88,252 214,824 209,191 153,342 43,535 21,823 47,028 117,227 440,193
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 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
Dec 18, 2013
Federal Reserve notes outstanding 1,410,913
Less: Notes held by F.R. Banks not subject to collateralization 221,737
Federal Reserve notes to be collateralized 1,189,176
Collateral held against Federal Reserve notes 1,189,176
Gold certificate account 11,037
Special drawing rights certificate account 5,200
U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 1,172,940
Other assets pledged 0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 3,739,919
Less: Face value of securities under reverse repurchase agreements 103,820
U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,636,100
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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