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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

November 23, 2012

1. Factors Affecting Reserve Balances of Depository Institutions

Millions of dollars

Reserve Bank credit, related items, and
reserve balances of depository institutions at
Federal Reserve Banks

Averages of daily figures

Wednesday
Nov 21, 2012

Week ended
Nov 21, 2012

Change from week ended

Nov 14, 2012

Nov 23, 2011

Reserve Bank credit

2,839,347

+   20,009

+   31,147

2,853,488

Securities held outright1

2,617,804

+   27,704

+      712

2,630,354

U.S. Treasury securities

1,651,041

+      186

−   17,448

1,650,489

Bills2

         0

         0

−   18,423

         0

Notes and bonds, nominal2

1,566,964

−      993

−    5,389

1,566,370

Notes and bonds, inflation-indexed2

    73,344

+    1,000

+    5,422

    73,344

Inflation compensation3

    10,733

+      178

+      941

    10,775

Federal agency debt securities2

    80,521

−    1,381

−   26,254

    79,283

Mortgage-backed securities4

   886,243

+   28,899

+   44,415

   900,583

Repurchase agreements5

         0

         0

         0

         0

Loans

     1,005

−       78

−    9,223

       981

Primary credit

         5

−        8

−       20

         0

Secondary credit

         0

         0

         0

         0

Seasonal credit

        36

−        7

+       21

        23

Term Asset-Backed Securities Loan Facility6

       965

−       63

−    9,223

       958

Other credit extensions

         0

         0

         0

         0

Net portfolio holdings of Maiden Lane LLC7

     1,554

−       18

−    9,046

     1,438

Net portfolio holdings of Maiden Lane II LLC8

        61

         0

−    9,281

        61

Net portfolio holdings of Maiden Lane III LLC9

        23

         0

−   17,810

        22

Net portfolio holdings of TALF LLC10

       855

         0

+       57

       856

Float

      -798

+       10

+       65

      -711

Central bank liquidity swaps11

    12,252

+      131

+    9,852

    12,252

Other Federal Reserve assets12

   206,592

−    7,739

+   65,821

   208,235

Gold stock

    11,041

         0

         0

    11,041

Special drawing rights certificate account

     5,200

         0

         0

     5,200

Treasury currency outstanding13

    44,746

+       14

+      580

    44,746

Total factors supplying reserve funds

2,900,334

+   20,023

+   31,728

2,914,476

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
reserve balances of depository institutions at
Federal Reserve Banks

Averages of daily figures

Wednesday
Nov 21, 2012

Week ended
Nov 21, 2012

Change from week ended

Nov 14, 2012

Nov 23, 2011

Currency in circulation13

1,149,806

+    1,166

+   90,985

1,153,701

Reverse repurchase agreements14

    93,767

−      761

+    2,438

    93,736

Foreign official and international accounts

    93,767

−      761

+    2,438

    93,736

Others

         0

         0

         0

         0

Treasury cash holdings

       143

−        7

+       38

       140

Deposits with F.R. Banks, other than reserve balances

    83,165

−      725

−   58,600

    84,814

Term deposits held by depository institutions

     3,043

         0

−    2,012

     3,043

U.S. Treasury, General Account

    24,433

−   14,231

−   19,914

    15,639

Foreign official

     6,520

+      412

+    5,323

     6,724

Service-related

         0

         0

−    2,504

         0

Required clearing balances

         0

         0

−    2,504

         0

Adjustments to compensate for float

         0

         0

         0

         0

Other

    49,168

+   13,094

−   39,494

    59,408

Other liabilities and capital15

    69,831

+       59

−    1,554

    69,170

Total factors, other than reserve balances,
absorbing reserve funds

1,396,713

−      266

+   33,307

1,401,562

Reserve balances with Federal Reserve Banks

1,503,622

+   20,291

−    1,579

1,512,914

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

Memorandum item

Averages of daily figures

Wednesday
Nov 21, 2012

Week ended
Nov 21, 2012

Change from week ended

Nov 14, 2012

Nov 23, 2011

Securities held in custody for foreign official and international accounts

3,198,822

+    5,241

+  107,034

3,192,765

Marketable U.S. Treasury securities1

2,844,446

+    9,649

+  186,035

2,837,423

Federal agency debt and mortgage-backed securities2

   318,364

−    4,143

−   81,971

   319,401

Other securities3

    36,011

−      266

+    2,969

    35,942

Securities lent to dealers

     7,309

−      458

−    3,985

     7,086

Overnight facility4

     7,309

−      458

−    3,985

     7,086

U.S. Treasury securities

     6,710

−      424

−    3,270

     6,535

Federal agency debt securities

       599

−       34

−      714

       551

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 underlying mortgages.

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, November 21, 2012

Millions of dollars

Remaining Maturity

Within 15

16 days to

91 days to

Over 1 year

Over 5 years

Over 10

All

days

90 days

1 year

to 5 years

to 10 years

years

Loans1

        25

       249

        47

       660

         0

...

       981

U.S. Treasury securities2

Holdings

       100

       385

        42

   403,914

   844,439

   401,609

1,650,489

Weekly changes

+       99

−       99

+       26

−   14,906

+    8,030

+      506

−    6,344

Federal agency debt securities3

Holdings

         0

     4,670

    16,241

    53,981

     2,044

     2,347

    79,283

Weekly changes

−    2,619

         0

+      708

+    1,658

−    2,366

         0

−    2,619

Mortgage-backed securities4

Holdings

         0

         0

         3

         1

     1,704

   898,874

   900,583

Weekly changes

         0

         0

         0

         0

+      218

+   11,344

+   11,563

Asset-backed securities held by
TALF LLC5

         0

         0

         0

         0

         0

         0

         0

Repurchase agreements6

         0

         0

...

...

...

...

         0

Central bank liquidity swaps7

     6,990

     5,262

         0

         0

         0

         0

    12,252

Reverse repurchase agreements6

    93,736

         0

...

...

...

...

    93,736

Term deposits

     3,043

         0

         0

...

...

...

     3,043

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

Account name

Wednesday

Nov 21, 2012

Mortgage-backed securities held outright1

   900,583

Commitments to buy mortgage-backed securities2

    94,534

Commitments to sell mortgage-backed securities2

         0

Cash and cash equivalents3

        81

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

Account name

Wednesday

Nov 21, 2012

Net portfolio holdings of Maiden Lane LLC1

     1,438

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2

         0

Accrued interest payable to the Federal Reserve Bank of New York2

         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, 2012. 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

Nov 21, 2012

Net portfolio holdings of Maiden Lane II LLC1

        61

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2

         0

Accrued interest payable to the Federal Reserve Bank of New York2

         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, 2012. 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

Nov 21, 2012

Net portfolio holdings of Maiden Lane III LLC1

        22

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2

         0

Accrued interest payable to the Federal Reserve Bank of New York2

         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, 2012. 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

Nov 21, 2012

Asset-backed securities holdings1

         0

Other investments, net

       856

Net portfolio holdings of TALF LLC

       856

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2

         0

Accrued interest payable to the Federal Reserve Bank of New York2

         0

Funding provided by U.S. Treasury to TALF LLC, including accrued interest payable3

       113

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 $1.4 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

Assets, liabilities, and capital

Eliminations from consolidation

Wednesday
Nov 21, 2012

Change since

Wednesday

Wednesday

Nov 14, 2012

Nov 23, 2011

Assets

Gold certificate account

    11,037

         0

         0

Special drawing rights certificate account

     5,200

         0

         0

Coin

     2,101

−       43

−      148

Securities, repurchase agreements, and loans

2,631,335

+    2,564

+    9,148

Securities held outright1

2,630,354

+    2,599

+   18,049

U.S. Treasury securities

1,650,489

−    6,344

−   14,306

Bills2

         0

         0

−   18,423

Notes and bonds, nominal2

1,566,370

−    6,444

−    2,276

Notes and bonds, inflation-indexed2

    73,344

         0

+    5,422

Inflation compensation3

    10,775

+       99

+      970

Federal agency debt securities2

    79,283

−    2,619

−   26,626

Mortgage-backed securities4

   900,583

+   11,563

+   58,983

Repurchase agreements5

         0

         0

         0

Loans

       981

−       35

−    8,901

Net portfolio holdings of Maiden Lane LLC6

     1,438

−      135

−    9,160

Net portfolio holdings of Maiden Lane II LLC7

        61

         0

−    9,283

Net portfolio holdings of Maiden Lane III LLC8

        22

−        1

−   17,815

Net portfolio holdings of TALF LLC9

       856

+        1

+       53

Items in process of collection

(0)

       199

+       22

−      131

Bank premises

     2,346

+        1

+      166

Central bank liquidity swaps10

    12,252

+      131

+    9,852

Other assets11

   205,889

−    8,648

+   65,516

Total assets

(0)

2,872,736

−    6,107

+   48,199

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 from consolidation

Wednesday
Nov 21, 2012

Change since

Wednesday

Wednesday

Nov 14, 2012

Nov 23, 2011

Liabilities

Federal Reserve notes, net of F.R. Bank holdings

1,111,192

+    4,277

+   90,441

Reverse repurchase agreements12

    93,736

+      146

+    8,957

Deposits

(0)

1,597,728

−    2,516

−   48,962

Term deposits held by depository institutions

     3,043

         0

−    2,012

Other deposits held by depository institutions

1,512,914

+    6,132

+   21,085

U.S. Treasury, General Account

    15,639

−   11,220

−   18,896

Foreign official

     6,724

+      243

+    6,600

Other

(0)

    59,408

+    2,330

−   55,739

Deferred availability cash items

(0)

       910

−      793

−      321

Other liabilities and accrued dividends13

    14,000

−    7,249

−    3,161

Total liabilities

(0)

2,817,565

−    6,137

+   46,953

Capital accounts

Capital paid in

    27,585

+       15

+      622

Surplus

    27,585

+       15

+      622

Other capital accounts

         0

         0

         0

Total capital

    55,170

+       29

+    1,245

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, November 21, 2012

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

       408

     3,824

       437

       515

       890

     1,337

       839

       313

       192

       315

       725

     1,242

Special drawing rights certificate acct.

     5,200

       196

     1,818

       210

       237

       412

       654

       424

       150

        90

       153

       282

       574

Coin

     2,101

        38

        93

       146

       142

       384

       199

       303

        37

        51

       162

       195

       352

Securities, repurchase agreements,
and loans

2,631,335

    63,886

1,475,678

    86,954

    66,875

   187,206

   158,592

   145,925

    41,123

    23,923

    52,850

   102,205

   226,117

Securities held outright1

2,630,354

    63,886

1,474,720

    86,954

    66,875

   187,206

   158,592

   145,921

    41,123

    23,912

    52,845

   102,203

   226,117

U.S. Treasury securities

1,650,489

    40,087

   925,354

    54,562

    41,963

   117,468

    99,513

    91,562

    25,804

    15,004

    33,159

    64,130

   141,883

Bills2

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Notes and bonds3

1,650,489

    40,087

   925,354

    54,562

    41,963

   117,468

    99,513

    91,562

    25,804

    15,004

    33,159

    64,130

   141,883

Federal agency debt securities2

    79,283

     1,926

    44,450

     2,621

     2,016

     5,643

     4,780

     4,398

     1,240

       721

     1,593

     3,081

     6,816

Mortgage-backed securities4

   900,583

    21,873

   504,916

    29,771

    22,897

    64,096

    54,299

    49,960

    14,080

     8,187

    18,093

    34,992

    77,418

Repurchase agreements5

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Loans

       981

         0

       958

         0

         0

         0

         0

         4

         0

        11

         5

         3

         0

Net portfolio holdings of Maiden

Lane LLC6

     1,438

         0

     1,438

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Net portfolio holdings of Maiden

Lane II LLC7

        61

         0

        61

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Net portfolio holdings of Maiden

Lane III LLC8

        22

         0

        22

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Net portfolio holdings of TALF LLC9

       856

         0

       856

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Items in process of collection

       199

         0

         0

         0

        11

         1

       186

         0

         1

         0

         0

         0

         0

Bank premises

     2,346

       120

       453

        69

       121

       230

       214

       203

       130

       103

       253

       239

       210

Central bank liquidity swaps10

    12,252

       429

     3,952

     1,063

       906

     2,534

       701

       327

       100

        50

       122

       196

     1,872

Other assets11

   205,889

     5,298

   108,996

     8,281

     6,459

    18,195

    12,360

    10,685

     3,052

     1,796

     3,896

     7,509

    19,362

Interdistrict settlement account

         0

+    2,759

−   56,611

−   13,592

−      432

−   31,670

+   32,895

−    4,490

+    1,933

+    3,291

−    4,845

+    3,799

+   66,964

Total assets

2,872,736

    73,135

1,540,579

    83,567

    74,834

   178,183

   207,138

   154,216

    46,838

    29,497

    52,906

   115,151

   316,692

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, November 21, 2012 (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

1,330,250

    46,820

   465,573

    47,611

    60,594

   102,955

   177,005

    94,843

    37,357

    22,451

    36,229

    90,596

   148,215

Less: Notes held by F.R. Banks

   219,058

     5,246

    86,412

     4,941

     8,246

    11,387

    26,401

    12,814

     4,115

     3,125

     5,252

    25,733

    25,386

Federal Reserve notes, net

1,111,192

    41,574

   379,161

    42,670

    52,348

    91,568

   150,604

    82,029

    33,242

    19,327

    30,977

    64,863

   122,829

Reverse repurchase agreements12

    93,736

     2,277

    52,553

     3,099

     2,383

     6,671

     5,652

     5,200

     1,465

       852

     1,883

     3,642

     8,058

Deposits

1,597,728

    26,266

1,083,148

    33,155

    15,418

    67,431

    46,253

    64,753

    11,428

     8,779

    19,225

    45,281

   176,590

Term deposits held by depository institutions

     3,043

         5

     1,564

       700

         0

        40

       161

        57

         0

        80

       101

         5

       330

Other deposits held by depository institutions

1,512,914

    26,255

1,000,009

    32,445

    15,415

    67,261

    46,082

    64,673

    11,428

     8,698

    19,123

    45,273

   176,252

U.S. Treasury, General Account

    15,639

         0

    15,639

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Foreign official

     6,724

         1

     6,697

         3

         3

         8

         2

         1

         0

         0

         0

         1

         6

Other

    59,408

         5

    59,240

         7

         0

       122

         7

        22

         0

         0

         1

         2

         1

Deferred availability cash items

       910

         0

         0

         0

        25

         0

       763

         0

         0

       122

         0

         0

         0

Interest on Federal Reserve notes due
to U.S. Treasury13

     2,141

        35

     1,293

        57

        43

       105

       129

       121

        34

        20

        46

        89

       168

Other liabilities and accrued
dividends14

    11,859

       293

     6,945

       381

       347

       914

       619

       555

       214

       168

       221

       399

       803

Total liabilities

2,817,565

    70,445

1,523,101

    79,362

    70,564

   166,689

   204,019

   152,658

    46,384

    29,268

    52,353

   114,273

   308,448

Capital

Capital paid in

    27,585

     1,345

     8,739

     2,103

     2,135

     5,747

     1,559

       779

       227

       115

       277

       439

     4,122

Surplus

    27,585

     1,345

     8,739

     2,103

     2,135

     5,747

     1,559

       779

       227

       115

       277

       439

     4,122

Other capital

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Total liabilities and capital

2,872,736

    73,135

1,540,579

    83,567

    74,834

   178,183

   207,138

   154,216

    46,838

    29,497

    52,906

   115,151

   316,692

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, November 21, 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

Federal Reserve notes and collateral

Wednesday

Nov 21, 2012

Federal Reserve notes outstanding

1,330,250

Less: Notes held by F.R. Banks not subject to collateralization

   219,058

Federal Reserve notes to be collateralized

1,111,192

Collateral held against Federal Reserve notes

1,111,192

Gold certificate account

    11,037

Special drawing rights certificate account

     5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2

1,094,955

Other assets pledged

         0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2

2,630,354

Less: Face value of securities under reverse repurchase agreements

    80,554

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged

2,549,800

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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