Federal Reserve Statistical Release, H.4.1, Factors Affecting Reserve Balances; title with eagle logo links to Statistical Release home page
Release Date: Thursday, December 20, 2012
Release dates | Data Download Program (DDP) | About | Announcements | Technical Q&As
Current release  Other formats: Screen reader | ASCII | PDF (21 KB)
Try data download now image link

FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks

December 20, 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
Dec 19, 2012

Week ended
Dec 19, 2012

Change from week ended

Dec 12, 2012

Dec 21, 2011

Reserve Bank credit

2,899,710

+   41,260

+   14,772

2,902,423

Securities held outright1

2,668,946

+   38,039

+   40,286

2,671,525

U.S. Treasury securities

1,659,699

−    1,821

−   14,138

1,658,851

Bills2

         0

         0

−   18,423

         0

Notes and bonds, nominal2

1,574,011

−    3,088

−    3,269

1,573,166

Notes and bonds, inflation-indexed2

    74,740

+    1,197

+    6,272

    74,740

Inflation compensation3

    10,948

+       70

+    1,281

    10,945

Federal agency debt securities2

    79,283

         0

−   25,413

    79,283

Mortgage-backed securities4

   929,964

+   39,860

+   79,837

   933,391

Repurchase agreements5

         0

         0

         0

         0

Loans

       839

−       86

−    8,709

       864

Primary credit

        12

+        7

−        1

        34

Secondary credit

         0

         0

         0

         0

Seasonal credit

        23

+        2

−        3

        26

Term Asset-Backed Securities Loan Facility6

       803

−       96

−    8,706

       803

Other credit extensions

         0

         0

         0

         0

Net portfolio holdings of Maiden Lane LLC7

     1,433

−        1

−    5,781

     1,431

Net portfolio holdings of Maiden Lane II LLC8

        61

         0

−    9,178

        61

Net portfolio holdings of Maiden Lane III LLC9

        22

         0

−   17,699

        22

Net portfolio holdings of TALF LLC10

       856

         0

+       52

       856

Float

      -764

+       14

+      105

      -857

Central bank liquidity swaps11

    11,549

−      819

−   51,050

    11,549

Other Federal Reserve assets12

   216,768

+    4,113

+   66,747

   216,973

Gold stock

    11,041

         0

         0

    11,041

Special drawing rights certificate account

     5,200

         0

         0

     5,200

Treasury currency outstanding13

    44,789

+       14

+      600

    44,789

Total factors supplying reserve funds

2,960,740

+   41,273

+   15,372

2,963,454

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
Dec 19, 2012

Week ended
Dec 19, 2012

Change from week ended

Dec 12, 2012

Dec 21, 2011

Currency in circulation13

1,156,752

+    1,973

+   90,303

1,159,983

Reverse repurchase agreements14

   104,182

+    5,896

+   16,955

   100,964

Foreign official and international accounts

   104,182

+    6,218

+   16,955

   100,964

Others

         0

−      321

         0

         0

Treasury cash holdings

       144

         0

+       28

       148

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

   113,901

+   37,730

−   95,212

   151,988

Term deposits held by depository institutions

         0

         0

         0

         0

U.S. Treasury, General Account

    54,986

+   16,006

−   57,418

    75,017

Foreign official

     6,007

+       52

+    5,817

     6,000

Service-related

         0

         0

−    2,489

         0

Required clearing balances

         0

         0

−    2,489

         0

Adjustments to compensate for float

         0

         0

         0

         0

Other

    52,908

+   21,672

−   41,122

    70,971

Other liabilities and capital15

    68,542

−    1,328

−    3,960

    67,673

Total factors, other than reserve balances,
absorbing reserve funds

1,443,521

+   44,271

+    8,114

1,480,756

Reserve balances with Federal Reserve Banks

1,517,220

−    2,997

+    7,259

1,482,698

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
Dec 19, 2012

Week ended
Dec 19, 2012

Change from week ended

Dec 12, 2012

Dec 21, 2011

Securities held in custody for foreign official and international accounts

3,230,279

+   15,358

+  155,211

3,233,938

Marketable U.S. Treasury securities1

2,878,361

+   17,113

+  241,429

2,882,762

Federal agency debt and mortgage-backed securities2

   316,009

−    1,935

−   87,379

   315,201

Other securities3

    35,909

+      180

+    1,161

    35,975

Securities lent to dealers

     5,881

−       26

−    8,920

     6,949

Overnight facility4

     5,881

−       26

−    8,920

     6,949

U.S. Treasury securities

     5,108

−       96

−    8,550

     6,319

Federal agency debt securities

       773

+       71

−      370

       630

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, December 19, 2012

Millions of dollars

Remaining Maturity

Within 15
days

16 days to
90 days

91 days to
1 year

Over 1 year
to 5 years

Over 5 year
to 10 years

Over 10
years

All

Loans1

        61

       291

         0

       512

         0

...

       864

U.S. Treasury securities2

Holdings

       382

         4

        16

   372,692

   866,018

   419,739

1,658,851

Weekly changes

+      382

−      382

+        1

−   15,187

+    9,561

+    3,670

−    1,956

Federal agency debt securities3

Holdings

     2,500

     3,951

    15,611

    52,830

     2,044

     2,347

    79,283

Weekly changes

         0

+      756

−      756

         0

         0

         0

         0

Mortgage-backed securities4

Holdings

         0

         0

         3

         1

     2,280

   931,107

   933,391

Weekly changes

         0

         0

         0

         0

+      593

+    3,997

+    4,590

Asset-backed securities held by
TALF LLC5

         0

         0

         0

         0

         0

         0

         0

Repurchase agreements6

         0

         0

...

...

...

...

         0

Central bank liquidity swaps7

     4,402

     7,147

         0

         0

         0

         0

    11,549

Reverse repurchase agreements6

   100,964

         0

...

...

...

...

   100,964

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

Account name

Wednesday

Dec 19, 2012

Mortgage-backed securities held outright1

   933,391

Commitments to buy mortgage-backed securities2

   106,260

Commitments to sell mortgage-backed securities2

         0

Cash and cash equivalents3

         0

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

Dec 19, 2012

Net portfolio holdings of Maiden Lane LLC1

     1,431

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

Dec 19, 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

Dec 19, 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

Dec 19, 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
Dec 19, 2012

Change since

Wednesday

Wednesday

Dec 12, 2012

Dec 21, 2011

Assets

Gold certificate account

    11,037

         0

         0

Special drawing rights certificate account

     5,200

         0

         0

Coin

     2,126

         0

−      171

Securities, repurchase agreements, and loans

2,672,389

+    2,671

+   22,204

Securities held outright1

2,671,525

+    2,634

+   30,854

U.S. Treasury securities

1,658,851

−    1,956

−   25,398

Bills2

         0

         0

−   18,423

Notes and bonds, nominal2

1,573,166

−    1,948

−   14,539

Notes and bonds, inflation-indexed2

    74,740

         0

+    6,272

Inflation compensation3

    10,945

−        8

+    1,292

Federal agency debt securities2

    79,283

         0

−   25,413

Mortgage-backed securities4

   933,391

+    4,590

+   81,665

Repurchase agreements5

         0

         0

         0

Loans

       864

+       37

−    8,650

Net portfolio holdings of Maiden Lane LLC6

     1,431

−        3

−    5,804

Net portfolio holdings of Maiden Lane II LLC7

        61

         0

−    9,182

Net portfolio holdings of Maiden Lane III LLC8

        22

         0

−   17,711

Net portfolio holdings of TALF LLC9

       856

         0

+       45

Items in process of collection

(0)

       133

+       22

−       58

Bank premises

     2,337

+        2

+      150

Central bank liquidity swaps10

    11,549

−      819

−   51,050

Other assets11

   214,636

+    1,117

+   64,849

Total assets

(0)

2,921,776

+    2,988

+    3,270

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
Dec 19, 2012

Change since

Wednesday

Wednesday

Dec 12, 2012

Dec 21, 2011

Liabilities

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

1,117,463

+    3,936

+   88,947

Reverse repurchase agreements12

   100,964

−    1,480

+   10,894

Deposits

(0)

1,634,685

+    9,486

−   91,908

Term deposits held by depository institutions

         0

         0

         0

Other deposits held by depository institutions

1,482,698

−   65,531

−   23,861

U.S. Treasury, General Account

    75,017

+   43,618

−   31,575

Foreign official

     6,000

+      159

+    5,574

Other

(0)

    70,971

+   31,241

−   42,045

Deferred availability cash items

(0)

       990

−      180

−      262

Other liabilities and accrued dividends13

    12,945

−    8,777

−    5,246

Total liabilities

(0)

2,867,048

+    2,986

+    2,425

Capital accounts

Capital paid in

    27,364

+        1

+      423

Surplus

    27,364

+        1

+      423

Other capital accounts

         0

         0

         0

Total capital

    54,728

+        2

+      845

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, December 19, 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

     2,126

        39

        93

       141

       145

       380

       208

       313

        34

        52

       165

       200

       356

Securities, repurchase agreements,
and loans

2,672,389

    64,888

1,498,607

    88,315

    67,922

   190,136

   161,081

   148,211

    41,768

    24,305

    53,682

   103,803

   229,671

Securities held outright1

2,671,525

    64,886

1,497,802

    88,315

    67,922

   190,136

   161,075

   148,205

    41,767

    24,287

    53,672

   103,803

   229,656

U.S. Treasury securities

1,658,851

    40,290

   930,042

    54,838

    42,175

   118,063

   100,017

    92,026

    25,935

    15,080

    33,327

    64,455

   142,602

Bills2

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Notes and bonds3

1,658,851

    40,290

   930,042

    54,838

    42,175

   118,063

   100,017

    92,026

    25,935

    15,080

    33,327

    64,455

   142,602

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

   933,391

    22,670

   523,310

    30,856

    23,731

    66,431

    56,277

    51,781

    14,593

     8,485

    18,752

    36,267

    80,238

Repurchase agreements5

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Loans

       864

         1

       805

         0

         0

         0

         6

         7

         2

        18

        10

         0

        15

Net portfolio holdings of Maiden

Lane LLC6

     1,431

         0

     1,431

         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

       133

         0

         0

         0

        14

         0

       117

         0

         1

         0

         0

         0

         0

Bank premises

     2,337

       119

       450

        70

       115

       230

       215

       203

       130

       103

       253

       239

       209

Central bank liquidity swaps10

    11,549

       405

     3,726

     1,002

       854

     2,389

       660

       308

        94

        47

       115

       185

     1,764

Other assets11

   214,636

     5,515

   113,851

     8,491

     6,701

    18,856

    12,892

    11,169

     3,197

     1,877

     4,071

     7,880

    20,134

Interdistrict settlement account

         0

+   17,220

−   70,478

−   14,218

−    1,633

−   36,136

+   36,217

−    4,780

+      848

+    3,242

−    6,799

+    3,153

+   73,365

Total assets

2,921,776

    88,789

1,554,261

    84,448

    74,870

   177,157

   213,381

   156,686

    46,536

    29,909

    51,956

   116,467

   327,315

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 19, 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

1,353,762

    47,673

   477,557

    47,734

    60,658

   103,395

   175,999

    95,467

    37,345

    22,411

    36,467

    94,887

   154,167

Less: Notes held by F.R. Banks

   236,299

     6,662

    93,684

     4,947

     8,963

    12,426

    26,310

    13,418

     4,149

     3,351

     6,906

    28,743

    26,741

Federal Reserve notes, net

1,117,463

    41,012

   383,873

    42,788

    51,695

    90,969

   149,690

    82,050

    33,196

    19,060

    29,562

    66,144

   127,426

Reverse repurchase agreements12

   100,964

     2,452

    56,606

     3,338

     2,567

     7,186

     6,087

     5,601

     1,578

       918

     2,028

     3,923

     8,679

Deposits

1,634,685

    42,311

1,089,053

    33,640

    15,910

    66,426

    52,999

    66,831

    11,068

     9,327

    19,565

    45,063

   182,492

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

1,482,698

    42,298

   937,342

    33,630

    15,907

    66,243

    52,990

    66,810

    11,068

     9,327

    19,563

    45,035

   182,485

U.S. Treasury, General Account

    75,017

         0

    75,017

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Foreign official

     6,000

         1

     5,973

         3

         3

         8

         2

         1

         0

         0

         0

         1

         6

Other

    70,971

        12

    70,721

         7

         0

       175

         7

        19

         0

         0

         1

        27

         1

Deferred availability cash items

       990

         0

         1

         0

        32

         0

       763

         0

         0

       195

         0

         0

         0

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

     2,061

        40

     1,172

        70

        51

       154

       122

       108

        29

        17

        36

        78

       183

Other liabilities and accrued
dividends14

    10,883

       285

     6,067

       379

       347

       929

       603

       536

       208

       163

       210

       382

       774

Total liabilities

2,867,048

    86,100

1,536,771

    80,215

    70,602

   165,663

   210,265

   155,126

    46,079

    29,680

    51,402

   115,590

   319,554

Capital

Capital paid in

    27,364

     1,345

     8,745

     2,116

     2,134

     5,747

     1,558

       780

       228

       115

       277

       439

     3,881

Surplus

    27,364

     1,345

     8,745

     2,116

     2,134

     5,747

     1,558

       780

       228

       115

       277

       439

     3,881

Other capital

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Total liabilities and capital

2,921,776

    88,789

1,554,261

    84,448

    74,870

   177,157

   213,381

   156,686

    46,536

    29,909

    51,956

   116,467

   327,315

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 19, 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

Dec 19, 2012

Federal Reserve notes outstanding

1,353,762

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

   236,299

Federal Reserve notes to be collateralized

1,117,463

Collateral held against Federal Reserve notes

1,117,463

Gold certificate account

    11,037

Special drawing rights certificate account

     5,200

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

1,101,226

Other assets pledged

         0

Memo:

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

2,671,525

Less: Face value of securities under reverse repurchase agreements

    86,902

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

2,584,623

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.


Release dates | Data Download Program (DDP) | About | Announcements | Technical Q&As
Current release   Other formats: Screen reader | ASCII | PDF (21 KB)

Statistical releases