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Release Date: March 8, 2012
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FEDERAL RESERVE statistical release
H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
                                                                                                March 8, 2012
 
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    Mar 7, 2012
Federal Reserve Banks                                      Mar 7, 2012 Feb 29, 2012  Mar 9, 2011
 
Reserve Bank credit                                        2,864,875   -   43,326   +  318,189    2,867,231
  Securities held outright (1)                             2,598,227   -    4,415   +  253,205    2,599,878
    U.S. Treasury securities                               1,657,049   +    3,088   +  404,209    1,659,279
      Bills (2)                                               18,423            0            0       18,423
      Notes and bonds, nominal (2)                         1,561,081   +    3,405   +  388,160    1,564,429
      Notes and bonds, inflation-indexed (2)                  68,508   -      271   +   13,508       67,558
      Inflation compensation (3)                               9,037   -       46   +    2,540        8,869
    Federal agency debt securities (2)                       100,382   -      435   -   42,867       99,803
    Mortgage-backed securities (4)                           840,796   -    7,069   -  108,136      840,796
  Repurchase agreements (5)                                        0            0            0            0
  Loans                                                        7,520   -       68   -   12,791        7,430
    Primary credit                                                 4   -       15   -        4            9
    Secondary credit                                               0            0            0            0
    Seasonal credit                                                3   +        3   -        5            4
    Term Asset-Backed Securities Loan Facility (6)             7,513   -       56   -   12,782        7,417
    Other credit extensions                                        0            0            0            0
  Net portfolio holdings of Maiden Lane LLC (7)                6,441   -       54   -   19,623        6,453
  Net portfolio holdings of Maiden Lane II LLC (8)             3,823   -    2,976   -   12,067        3,635
  Net portfolio holdings of Maiden Lane III LLC (9)           17,627   +       23   -    5,230       17,720
  Net portfolio holdings of TALF LLC (10)                        825            0   +      122          825
  Float                                                       -1,013   -      167   +      824       -1,077
  Central bank liquidity swaps (11)                           71,386   -   36,392   +   71,386       71,386
  Other Federal Reserve assets (12)                          160,039   +      722   +   42,362      160,981
Gold stock                                                    11,041            0            0       11,041
Special drawing rights certificate account                     5,200            0            0        5,200
Treasury currency outstanding (13)                            44,324   +       14   +      554       44,324

Total factors supplying reserve funds                      2,925,440   -   43,311   +  318,743    2,927,796
 
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    Mar 7, 2012
Federal Reserve Banks                                      Mar 7, 2012 Feb 29, 2012  Mar 9, 2011
 
Currency in circulation (13)                               1,092,645   +    3,445   +   93,342    1,095,060
Reverse repurchase agreements (14)                            87,477   -    2,327   +   31,193       86,429
  Foreign official and international accounts                 87,205   -    2,599   +   30,921       85,169
  Others                                                         271   +      271   +      271        1,260
Treasury cash holdings                                           162   +        2   -       34          166
Deposits with F.R. Banks, other than reserve balances         77,451   -   28,624   -   41,368       69,623
  Term deposits held by depository institutions                    0            0   -    5,070            0
  U.S. Treasury, General Account                              36,963   -    2,512   +    1,122       26,437
  U.S. Treasury, Supplementary Financing Account                   0            0   -   74,985            0
  Foreign official                                               127   -       54   +        1          127
  Service-related                                              1,954   -        1   -      366        1,954
    Required clearing balances                                 1,954   -        1   -      366        1,954
    Adjustments to compensate for float                            0            0            0            0
  Other                                                       38,406   -   26,059   +   37,929       41,106
Other liabilities and capital (15)                            75,648   +      154   +    2,332       74,392

Total factors, other than reserve balances,
   absorbing reserve funds                                 1,333,383   -   27,350   +   85,465    1,325,670

Reserve balances with Federal Reserve Banks                1,592,057   -   15,961   +  233,278    1,602,126
 
Note: Components may not sum to totals because of rounding.

1. Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.
2. Face value of the securities.
3. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed
   securities.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the
   remaining principal balance of the underlying mortgages.
5. Cash value of agreements.
6. Includes credit extended by the Federal Reserve Bank of New York to eligible borrowers through the Term
   Asset-Backed Securities Loan Facility.
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. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange
    rates, and the fair value adjustment to credit extended by the FRBNY to eligible borrowers through the
    Term Asset-Backed Securities Loan Facility.
13. Estimated.
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. 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
                                                                Averages of daily figures         Wednesday  
                                                           Week ended   Change from week ended    Mar 7, 2012
Memorandum item                                            Mar 7, 2012 Feb 29, 2012  Mar 9, 2011
 
Marketable securities held in custody for foreign
   official and international accounts (1)                 3,461,257   +    1,731   +   64,522    3,459,700
  U.S. Treasury securities                                 2,720,821   -      311   +   84,467    2,720,492
  Federal agency securities (2)                              740,436   +    2,042   -   19,945      739,209
Securities lent to dealers                                    20,668   +    2,195   +    3,682       19,984
  Overnight facility (3)                                      20,668   +    2,195   +    3,682       19,984
    U.S. Treasury securities                                  19,684   +    2,286   +    3,489       19,014
    Federal agency debt securities                               984   -       91   +      193          970
 
Note: Components may not sum to totals because of rounding.

1. Face value of the securities. Includes U.S. Treasury STRIPS and other zero-coupon bonds at face value and
   mortgage-backed securities at original face value.
2. Includes debt and mortgage-backed securities.
3. Fully collateralized by U.S. Treasury securities.

 
2. Maturity Distribution of Securities, Loans, and Selected Other Assets and Liabilities,      March 7, 2012
Millions of dollars
                                       Within 15    16 days to   91 days to  Over 1 year  Over 5 years    Over 10        All     
Remaining maturity                        days       90 days       1 year     to 5 years   to 10 years     years    
 
Loans (1)                                      9          238        4,631        2,552            0           ...        7,430
U.S. Treasury securities (2)
  Holdings                                20,587       24,364       55,708      599,626      691,931       267,063    1,659,279
  Weekly changes                      +    3,867   -    3,864   -    9,074   -    1,121   +    4,046    +    3,825   -    2,322
Federal agency debt securities (3)
  Holdings                                   811        5,740       19,664       60,259       10,982         2,347       99,803
  Weekly changes                      -    1,014            0            0            0            0             0   -    1,014
Mortgage-backed securities (4)
  Holdings                                     0            0            1           11           85       840,699      840,796
  Weekly changes                               0            0            0            0   +        3    -        2   +        1
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)           8,220       63,166            0            0            0             0       71,386

Reverse repurchase agreements (6)         86,429            0          ...          ...          ...           ...       86,429
Term deposits                                  0            0            0          ...          ...           ...            0
 
Note: Components may not sum to totals because of rounding.
. . . Not applicable.

1. Excludes the loans from the Federal Reserve Bank of New York (FRBNY) to Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III
   LLC, and TALF LLC. The loans were eliminated when preparing the FRBNY's statement of condition consistent with consolidation
   under generally accepted accounting principles.
2. Face value. For inflation-indexed securities, includes the original face value and compensation that adjusts for the effect of
   inflation on the original face value of such securities.
3. Face value.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal
   balance of the underlying mortgages.
5. Face value of asset-backed securities held by TALF LLC, which is the remaining principal balance of the underlying assets.
6. Cash value of agreements.
7. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency
   is returned to the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was
   acquired from the foreign central bank.

 
3. Supplemental Information on Mortgage-Backed Securities
Millions of dollars
                                                                                                                        Wednesday   
Account name                                                                                                            Mar 7, 2012 
 
Mortgage-backed securities held outright (1)                                                                             840,796

Commitments to buy mortgage-backed securities (2)                                                                         46,150
Commitments to sell mortgage-backed securities (2)                                                                           850

Cash and cash equivalents (3)                                                                                                 13
 
1. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal
   balance of the underlying mortgages.
2. Current face value. Generally settle within 180 days and include commitments associated with outright transactions, dollar rolls,
   and coupon swaps.
3. This amount is included in other Federal Reserve assets in table 1 and in other assets in table 8 and table 9.

 
4. Information on Principal Accounts of Maiden Lane LLC
Millions of dollars
                                                                                                                        Wednesday   
Account name                                                                                                            Mar 7, 2012 
 
Net portfolio holdings of Maiden Lane LLC (1)                                                                              6,453

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                  3,265
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                         761
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3)                              1,398
 
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
    December 31, 2011. 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
                                                                                                                        Wednesday   
Account name                                                                                                            Mar 7, 2012 
 
Net portfolio holdings of Maiden Lane II LLC (1)                                                                           3,635

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)                      894
 
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
    December 31, 2011. 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
                                                                                                                        Wednesday   
Account name                                                                                                            Mar 7, 2012 
 
Net portfolio holdings of Maiden Lane III LLC (1)                                                                         17,720

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                  8,613
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                         714
Outstanding principal amount and accrued interest on loan payable to American International Group, Inc. (3)                5,575
 
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
    December 31, 2011. 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
                                                                                                                        Wednesday   
Account name                                                                                                            Mar 7, 2012 
 
Asset-backed securities holdings (1)                                                                                           0
Other investments, net                                                                                                       825
Net portfolio holdings of TALF LLC                                                                                           825

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)                                        110
 
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) extends loans with a term of up to five years to holders of eligible asset-backed securities. The TALF is intended to
assist financial markets in accommodating the credit needs of consumers and businesses by facilitating the issuance of asset-backed
securities collateralized by a variety of consumer and business loans. 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. The loans
are extended for the market value of the security less an amount known as a haircut. As a result, the borrower bears the initial
risk of a decline in the value of the security.

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.
Losses on asset-backed securities held by TALF LLC will be offset in the following order: by the commitment fees collected by TALF
LLC, by the interest received on investments of TALF LLC, by up to $4.3 billion in subordinated debt funding provided by the U.S.
Treasury, and finally, by senior debt funding provided by the FRBNY. Payments by TALF LLC from the proceeds of its net portfolio
holdings will be made in the following order: operating expenses of TALF LLC, principal due to the FRBNY, principal due to the U.S.
Treasury, interest due to the FRBNY, and interest due to the U.S. Treasury. 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
                                                       Eliminations from  Wednesday         Change since       
                                                        consolidation    Mar 7, 2012   Wednesday    Wednesday  
Assets, liabilities, and capital                                                      Feb 29, 2012  Mar 9, 2011
 
Assets
  Gold certificate account                                                  11,037             0            0
  Special drawing rights certificate account                                 5,200             0            0
  Coin                                                                       2,362    -       21   +      134
  Securities, repurchase agreements, and loans                           2,607,308    -    3,484   +  228,882
    Securities held outright (1)                                         2,599,878    -    3,335   +  241,628
      U.S. Treasury securities                                           1,659,279    -    2,322   +  393,210
        Bills (2)                                                           18,423             0            0
        Notes and bonds, nominal (2)                                     1,564,429    -      795   +  379,189
        Notes and bonds, inflation-indexed (2)                              67,558    -    1,330   +   11,701
        Inflation compensation (3)                                           8,869    -      197   +    2,320
      Federal agency debt securities (2)                                    99,803    -    1,014   -   43,446
      Mortgage-backed securities (4)                                       840,796    +        1   -  108,136
    Repurchase agreements (5)                                                    0             0            0
    Loans                                                                    7,430    -      150   -   12,746
  Net portfolio holdings of Maiden Lane LLC (6)                              6,453    +       14   -   19,626
  Net portfolio holdings of Maiden Lane II LLC (7)                           3,635    -    3,666   -   12,256
  Net portfolio holdings of Maiden Lane III LLC (8)                         17,720    +      109   -    5,257
  Net portfolio holdings of TALF LLC (9)                                       825             0   +      122
  Items in process of collection                             (68)              165    +       11   -       15
  Bank premises                                                              2,385    -        3   +      171
  Central bank liquidity swaps (10)                                         71,386    -   36,377   +   71,386
  Other assets (11)                                                        158,579    +    2,433   +   42,373

Total assets                                                 (68)        2,887,054    -   40,988   +  305,914
 
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
                                                       Eliminations from  Wednesday         Change since       
                                                        consolidation    Mar 7, 2012   Wednesday    Wednesday  
Assets, liabilities, and capital                                                      Feb 29, 2012  Mar 9, 2011
 
Liabilities
  Federal Reserve notes, net of F.R. Bank holdings                       1,053,260    +    3,384   +   93,305
  Reverse repurchase agreements (12)                                        86,429    -    1,124   +   30,482
  Deposits                                                    (0)        1,671,731    -   42,748   +  181,095
    Term deposits held by depository institutions                                0             0   -    5,070
    Other deposits held by depository institutions                       1,604,062    -    3,045   +  222,719
    U.S. Treasury, General Account                                          26,437    -   36,105   -    2,234
    U.S. Treasury, Supplementary Financing Account                               0             0   -   74,985
    Foreign official                                                           127             0   +        3
    Other                                                     (0)           41,106    -    3,596   +   40,663
  Deferred availability cash items                           (68)            1,242    +      178   -      918
  Other liabilities and accrued dividends (13)                              19,947    -      603   +      578

Total liabilities                                            (68)        2,832,609    -   40,914   +  304,542

Capital accounts
  Capital paid in                                                           27,223    -       37   +      687
  Surplus                                                                   27,223    -       37   +      687
  Other capital accounts                                                         0             0            0

Total capital                                                               54,445    -       74   +    1,372
 
Note: Components may not sum to totals because of rounding.

1. Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.
2. Face value of the securities.
3. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed
   securities.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the
   remaining principal balance of the underlying mortgages.
5. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.
6. Refer to table 4 and the note on consolidation accompanying table 9.
7. Refer to table 5 and the note on consolidation accompanying table 9.
8. Refer to table 6 and the note on consolidation accompanying table 9.
9.  Refer to table 7 and the note on consolidation accompanying table 9.
10. 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.
11. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates
    and the fair value adjustment to credit extended by the Federal Reserve Bank of New York (FRBNY) to
    eligible borrowers through the Term Asset-Backed Securities Loan Facility.
12. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt
    securities, and mortgage-backed securities.
13. 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,      March 7, 2012
Millions of dollars
                                               Total      Boston     New York   Philadelphia Cleveland   Richmond     Atlanta     Chicago    St. Louis  Minneapolis   Kansas      Dallas        San    
Assets, liabilities, and capital                                                                                                                                       City                  Francisco 
 
Assets
  Gold certificate account                      11,037         390       3,866         432         450         872       1,394         854         319         197         318         728       1,217
  Special drawing rights certificate acct.       5,200         196       1,818         210         237         412         654         424         150          90         153         282         574
  Coin                                           2,362          62         119         161         167         418         204         334          33          60         176         234         394
  Securities, repurchase agreements,
     and loans                               2,607,308      63,922   1,216,472      89,062      70,228     300,259     193,282     154,403      49,208      39,956      69,162     102,825     258,528
    Securities held outright (1)             2,599,878      63,922   1,209,055      89,062      70,228     300,259     193,282     154,395      49,208      39,956      69,158     102,825     258,528
      U.S. Treasury securities               1,659,279      40,796     771,636      56,840      44,821     191,630     123,355      98,537      31,405      25,501      44,138      65,625     164,996
        Bills (2)                               18,423         453       8,567         631         498       2,128       1,370       1,094         349         283         490         729       1,832
        Notes and bonds (3)                  1,640,856      40,343     763,069      56,209      44,323     189,502     121,986      97,443      31,057      25,217      43,648      64,896     163,164
      Federal agency debt securities (2)        99,803       2,454      46,413       3,419       2,696      11,526       7,420       5,927       1,889       1,534       2,655       3,947       9,924
      Mortgage-backed securities (4)           840,796      20,672     391,006      28,802      22,712      97,103      62,507      49,931      15,914      12,922      22,366      33,254      83,607
    Repurchase agreements (5)                        0           0           0           0           0           0           0           0           0           0           0           0           0
    Loans                                        7,430           0       7,417           0           0           0           0           9           0           0           4           0           0
  Net portfolio holdings of Maiden
     Lane LLC (6)                                6,453           0       6,453           0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of Maiden
     Lane II LLC (7)                             3,635           0       3,635           0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of Maiden
     Lane III LLC (8)                           17,720           0      17,720           0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of TALF LLC (9)           825           0         825           0           0           0           0           0           0           0           0           0           0
  Items in process of collection                   233           7           1          56          39           4          11          18           5           7           5          12          70
  Bank premises                                  2,385         123         472          66         125         231         213         204         133         105         258         244         212
  Central bank liquidity swaps (10)             71,386       2,502      23,027       6,192       5,278      14,766       4,082       1,905         584         291         710       1,143      10,905
  Other assets (11)                            158,579       4,191      69,834       6,820       5,490      20,744      11,378       8,567       2,749       2,188       3,801       5,701      17,116
  Interdistrict settlement account                   0   -   6,006   + 220,811   -   2,263   -   4,349   - 111,916   -  32,006   -   9,521   -   4,673   -  12,776   -  16,347   +   3,191   -  24,145

Total assets                                 2,887,123      65,387   1,565,053     100,736      77,664     225,791     179,210     157,189      48,508      30,119      58,235     114,360     264,870
 
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,      March 7, 2012 (continued)
Millions of dollars
                                               Total      Boston     New York   Philadelphia Cleveland   Richmond     Atlanta     Chicago    St. Louis  Minneapolis   Kansas      Dallas        San    
Assets, liabilities, and capital                                                                                                                                       City                  Francisco 
 
Liabilities
  Federal Reserve notes outstanding          1,227,332      44,159     438,153      48,231      60,042     102,171     143,304      87,924      33,517      21,901      34,331      79,138     134,462
    Less: Notes held by F.R. Banks             174,072       4,724      58,420       6,119       8,102      11,123      26,619      11,473       3,948       4,569       3,731      11,098      24,146
      Federal Reserve notes, net             1,053,260      39,435     379,733      42,113      51,940      91,049     116,685      76,452      29,569      17,331      30,599      68,040     110,315
  Reverse repurchase agreements (12)            86,429       2,125      40,193       2,961       2,335       9,982       6,425       5,133       1,636       1,328       2,299       3,418       8,594
  Deposits                                   1,671,731      21,062   1,112,195      50,645      18,792     112,796      52,195      73,636      16,629      10,877      24,533      41,615     136,756
    Term deposits held by depository
       institutions                                  0           0           0           0           0           0           0           0           0           0           0           0           0
    Other deposits held by depository
       institutions                          1,604,062      21,043   1,044,785      50,631      18,789     112,633      52,193      73,606      16,629      10,859      24,532      41,613     136,750
    U.S. Treasury, General Account              26,437           0      26,437           0           0           0           0           0           0           0           0           0           0
    U.S. Treasury, Supplementary
       Financing Account                             0           0           0           0           0           0           0           0           0           0           0           0           0
    Foreign official                               127           1         100           3           3           8           2           1           0           0           0           1           6
    Other                                       41,106          18      40,874          10           0         155           0          29           0          18           1           1           1
  Deferred availability cash items               1,310          46           0         115         155          26         281          34          33         185          43          86         306
  Interest on Federal Reserve notes due
     to U.S. Treasury (13)                       1,410        -126         779          98         -40         253          81          95          27          24          39          59         123
  Other liabilities and accrued
     dividends (14)                             18,537         201      14,813         268         251         770         487         405         175         154         185         278         550

Total liabilities                            2,832,677      62,743   1,547,713      96,199      73,434     214,874     176,154     155,753      48,068      29,900      57,698     113,496     256,645

Capital
  Capital paid in                               27,223       1,322       8,670       2,269       2,115       5,458       1,528         718         220         109         268         432       4,113
  Surplus                                       27,223       1,322       8,670       2,269       2,115       5,458       1,528         718         220         109         268         432       4,113
  Other capital                                      0           0           0           0           0           0           0           0           0           0           0           0           0

Total liabilities and capital                2,887,123      65,387   1,565,053     100,736      77,664     225,791     179,210     157,189      48,508      30,119      58,235     114,360     264,870
 
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,      March 7, 2012 (continued)
1. Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.
2. Face value of the securities.
3. Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face value of such securities.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the underlying mortgages.
5. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.
6. Refer to table 4 and the note on consolidation below.
7. Refer to table 5 and the note on consolidation below.
8. Refer to table 6 and the note on consolidation below.
9.  Refer to table 7 and the note on consolidation below.
10. 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.
11. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates and the fair value adjustment to credit extended by the Federal Reserve Bank of New York
    (FRBNY) to eligible	borrowers through the Term Asset-Backed Securities Loan Facility.
12. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.
13. 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.
14. 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
                                                                                            Wednesday   
Federal Reserve notes and collateral                                                        Mar 7, 2012 
 
Federal Reserve notes outstanding                                                          1,227,332
  Less: Notes held by F.R. Banks not subject to collateralization                            174,072
    Federal Reserve notes to be collateralized                                             1,053,260
Collateral held against Federal Reserve notes                                              1,053,260
  Gold certificate account                                                                    11,037
  Special drawing rights certificate account                                                   5,200
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                 1,037,023
  Other assets pledged                                                                             0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                     2,599,878
  Less: Face value of securities under reverse repurchase agreements                          73,921
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged      2,525,957
 
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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