Federal Reserve Statistical Release, H.4.1, Factors Affecting Reserve Balances; title with eagle logo links to Statistical Release home page
Release Date: September 13, 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
                                                                                           September 13, 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   Sep 12, 2012
Federal Reserve Banks                                     Sep 12, 2012  Sep 5, 2012 Sep 14, 2011
 
Reserve Bank credit                                        2,806,395   +    8,383   -   38,072    2,805,910
  Securities held outright (1)                             2,583,396   +    8,906   -   68,368    2,581,790
    U.S. Treasury securities                               1,652,464   +    8,870   -    4,579    1,650,851
      Bills (2)                                                    0            0   -   18,423            0
      Notes and bonds, nominal (2)                         1,571,693   +    8,486   +    9,334    1,569,040
      Notes and bonds, inflation-indexed (2)                  70,820   +      385   +    4,066       71,784
      Inflation compensation (3)                               9,951   -        1   +      444       10,027
    Federal agency debt securities (2)                        87,210            0   -   22,566       87,210
    Mortgage-backed securities (4)                           843,722   +       35   -   41,223      843,730
  Repurchase agreements (5)                                        0            0            0            0
  Loans                                                        2,201   -      234   -    9,459        1,867
    Primary credit                                               135   -       16   +      116           70
    Secondary credit                                               0            0            0            0
    Seasonal credit                                              122   -       11   +       46          118
    Term Asset-Backed Securities Loan Facility (6)             1,945   -      207   -    9,620        1,679
    Other credit extensions                                        0            0            0            0
  Net portfolio holdings of Maiden Lane LLC (7)                1,916   +        5   -   16,343        1,918
  Net portfolio holdings of Maiden Lane II LLC (8)                61            0   -    9,896           61
  Net portfolio holdings of Maiden Lane III LLC (9)            1,585            0   -   19,830        1,585
  Net portfolio holdings of TALF LLC (10)                        851            0   +       76          851
  Float                                                         -696   -        5   +      424         -767
  Central bank liquidity swaps (11)                           19,446   -    3,996   +   19,446       19,446
  Other Federal Reserve assets (12)                          197,636   +    3,709   +   65,877      199,159
Gold stock                                                    11,041            0            0       11,041
Special drawing rights certificate account                     5,200            0            0        5,200
Treasury currency outstanding (13)                            44,676   +       14   +      609       44,676

Total factors supplying reserve funds                      2,867,313   +    8,398   -   37,462    2,866,827
 
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   Sep 12, 2012
Federal Reserve Banks                                     Sep 12, 2012  Sep 5, 2012 Sep 14, 2011
 
Currency in circulation (13)                               1,126,763   -    1,106   +   86,128    1,126,251
Reverse repurchase agreements (14)                            88,208   -    4,737   -    9,854       92,983
  Foreign official and international accounts                 87,233   -    5,712   -   10,829       89,663
  Others                                                         974   +      974   +      974        3,320
Treasury cash holdings                                           118            0   +        9          108
Deposits with F.R. Banks, other than reserve balances         79,664   +   26,284   +    2,576       78,273
  Term deposits held by depository institutions                    0            0            0            0
  U.S. Treasury, General Account                              47,019   +   16,971   +   33,253       38,483
  U.S. Treasury, Supplementary Financing Account                   0            0            0            0
  Foreign official                                             5,508   +      374   +    3,109        5,561
  Service-related                                                  0            0   -    2,521            0
    Required clearing balances                                     0            0   -    2,521            0
    Adjustments to compensate for float                            0            0            0            0
  Other                                                       27,137   +    8,939   -   31,266       34,229
Other liabilities and capital (15)                            66,661   +      222   -    4,218       66,318

Total factors, other than reserve balances,
   absorbing reserve funds                                 1,361,414   +   20,663   +   74,642    1,363,932

Reserve balances with Federal Reserve Banks                1,505,899   -   12,266   -  112,104    1,502,895
 
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   Sep 12, 2012
Memorandum item                                           Sep 12, 2012  Sep 5, 2012 Sep 14, 2011
 
Marketable securities held in custody for foreign
   official and international accounts (1)                 3,576,837   -    1,876   +  101,715    3,575,339
  U.S. Treasury securities                                 2,876,957   -    1,511   +  133,711    2,874,988
  Federal agency securities (2)                              699,880   -      365   -   31,996      700,350
Securities lent to dealers                                     6,286   +    1,079   -    4,742        4,431
  Overnight facility (3)                                       6,286   +    1,079   -    4,742        4,431
    U.S. Treasury securities                                   5,671   +    1,105   -    4,796        3,654
    Federal agency debt securities                               615   -       26   +       54          777
 
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, September 12, 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)                                     91          324          405        1,047            0           ...        1,867
U.S. Treasury securities (2)
  Holdings                                     0          928          992      487,969      790,418       370,544    1,650,851
  Weekly changes                               0            0   -    3,721   -    4,082   +    4,729    +    5,063   +    1,989
Federal agency debt securities (3)
  Holdings                                 3,805        4,122       15,067       57,459        4,410         2,347       87,210
  Weekly changes                      +    3,693   -    3,693   +    1,497   -    1,497            0             0            0
Mortgage-backed securities (4)
  Holdings                                     0            0            4            3          291       843,432      843,730
  Weekly changes                               0            0            0            0   +        5    +       15   +       20
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)          12,159        7,287            0            0            0             0       19,446

Reverse repurchase agreements (6)         92,983            0          ...          ...          ...           ...       92,983
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                                                                                                           Sep 12, 2012 
 
Mortgage-backed securities held outright (1)                                                                             843,730

Commitments to buy mortgage-backed securities (2)                                                                         62,986
Commitments to sell mortgage-backed securities (2)                                                                         5,700

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                                                                                                           Sep 12, 2012 
 
Net portfolio holdings of Maiden Lane LLC (1)                                                                              1,918

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                      0
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                           0
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3)                                487
 
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
        June 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
                                                                                                                        Wednesday   
Account name                                                                                                           Sep 12, 2012 
 
Net portfolio holdings of Maiden Lane II LLC (1)                                                                              61

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                      0
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                           0
Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc. (3)                        0
 
1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to
   be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of
        June 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
                                                                                                                        Wednesday   
Account name                                                                                                           Sep 12, 2012 
 
Net portfolio holdings of Maiden Lane III LLC (1)                                                                          1,585

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                      0
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                           0
Outstanding principal amount and accrued interest on loan payable to American International Group, Inc. (3)                    0
 
1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to
   be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of
        June 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
                                                                                                                        Wednesday   
Account name                                                                                                           Sep 12, 2012 
 
Asset-backed securities holdings (1)                                                                                           0
Other investments, net                                                                                                       851
Net portfolio holdings of TALF LLC                                                                                           851

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)                                        112
 
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
                                                       Eliminations from  Wednesday         Change since       
                                                        consolidation   Sep 12, 2012   Wednesday    Wednesday  
Assets, liabilities, and capital                                                       Sep 5, 2012 Sep 14, 2011
 
Assets
  Gold certificate account                                                  11,037             0            0
  Special drawing rights certificate account                                 5,200             0            0
  Coin                                                                       2,157    +       22   -       56
  Securities, repurchase agreements, and loans                           2,583,657    +    1,379   -   81,652
    Securities held outright (1)                                         2,581,790    +    2,009   -   71,891
      U.S. Treasury securities                                           1,650,851    +    1,989   -    8,109
        Bills (2)                                                                0             0   -   18,423
        Notes and bonds, nominal (2)                                     1,569,040    +      548   +    4,770
        Notes and bonds, inflation-indexed (2)                              71,784    +    1,349   +    5,030
        Inflation compensation (3)                                          10,027    +       92   +      514
      Federal agency debt securities (2)                                    87,210             0   -   22,566
      Mortgage-backed securities (4)                                       843,730    +       20   -   41,215
    Repurchase agreements (5)                                                    0             0            0
    Loans                                                                    1,867    -      630   -    9,761
  Net portfolio holdings of Maiden Lane LLC (6)                              1,918    +        3   -   16,351
  Net portfolio holdings of Maiden Lane II LLC (7)                              61             0   -    9,898
  Net portfolio holdings of Maiden Lane III LLC (8)                          1,585             0   -   19,880
  Net portfolio holdings of TALF LLC (9)                                       851             0   +       76
  Items in process of collection                             (57)              143    -       63   -      106
  Bank premises                                                              2,349             0   +      165
  Central bank liquidity swaps (10)                                         19,446    -    3,996   +   19,446
  Other assets (11)                                                        196,810    +    3,882   +   66,495

Total assets                                                 (57)        2,825,214    +    1,226   -   41,761
 
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   Sep 12, 2012   Wednesday    Wednesday  
Assets, liabilities, and capital                                                       Sep 5, 2012 Sep 14, 2011
 
Liabilities
  Federal Reserve notes, net of F.R. Bank holdings                       1,083,835    -    2,771   +   85,682
  Reverse repurchase agreements (12)                                        92,983    +    3,135   -    1,133
  Deposits                                                    (0)        1,581,168    +      811   -  121,193
    Term deposits held by depository institutions                                0             0            0
    Other deposits held by depository institutions                       1,502,895    -   25,488   -  117,763
    U.S. Treasury, General Account                                          38,483    +   11,922   +   22,400
    U.S. Treasury, Supplementary Financing Account                               0             0            0
    Foreign official                                                         5,561    +      477   +    2,931
    Other                                                     (0)           34,229    +   13,900   -   28,761
  Deferred availability cash items                           (57)              910    -      462   -      725
  Other liabilities and accrued dividends (13)                              11,682    +      512   -    7,125

Total liabilities                                            (57)        2,770,578    +    1,225   -   44,493

Capital accounts
  Capital paid in                                                           27,318    +        1   +    1,366
  Surplus                                                                   27,318    +        1   +    1,366
  Other capital accounts                                                         0             0            0

Total capital                                                               54,635             0   +    2,731
 
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, September 12, 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         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                                           2,157          48          95         147         146         385         202         317          36          54         163         206         357
  Securities, repurchase agreements,
     and loans                               2,583,657      62,707   1,449,171      85,348      65,640     183,756     155,666     143,237      40,379      23,541      51,884     100,375     221,954
    Securities held outright (1)             2,581,790      62,707   1,447,492      85,348      65,640     183,750     155,664     143,227      40,364      23,471      51,869     100,316     221,942
      U.S. Treasury securities               1,650,851      40,096     925,557      54,574      41,972     117,493      99,535      91,582      25,809      15,008      33,166      64,144     141,915
        Bills (2)                                    0           0           0           0           0           0           0           0           0           0           0           0           0
        Notes and bonds (3)                  1,650,851      40,096     925,557      54,574      41,972     117,493      99,535      91,582      25,809      15,008      33,166      64,144     141,915
      Federal agency debt securities (2)        87,210       2,118      48,895       2,883       2,217       6,207       5,258       4,838       1,363         793       1,752       3,389       7,497
      Mortgage-backed securities (4)           843,730      20,493     473,041      27,892      21,451      60,049      50,871      46,806      13,191       7,670      16,951      32,783      72,531
    Repurchase agreements (5)                        0           0           0           0           0           0           0           0           0           0           0           0           0
    Loans                                        1,867           0       1,679           0           0           6           2          10          16          70          14          60          11
  Net portfolio holdings of Maiden
     Lane LLC (6)                                1,918           0       1,918           0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of Maiden
     Lane II LLC (7)                                61           0          61           0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of Maiden
     Lane III LLC (8)                            1,585           0       1,585           0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of TALF LLC (9)           851           0         851           0           0           0           0           0           0           0           0           0           0
  Items in process of collection                   199           3           0          61          29           7          40          14           5           6           3           6          26
  Bank premises                                  2,349         121         455          67         122         230         213         203         130         104         254         240         210
  Central bank liquidity swaps (10)             19,446         682       6,273       1,687       1,438       4,022       1,112         519         159          79         193         311       2,971
  Other assets (11)                            196,810       5,087     103,789       7,933       6,265      17,666      11,836      10,170       2,917       1,709       3,709       7,090      18,639
  Interdistrict settlement account                   0   +   1,158   -  39,158   -  13,670   -     415   -  11,185   +  26,911   -   3,968   +   2,921   +   1,587   -   1,949   -   3,516   +  41,284

Total assets                                 2,825,271      70,409   1,530,682      82,220      73,978     196,183     197,971     151,755      47,009      27,362      54,725     105,720     287,255
 
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, September 12, 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          1,297,367      45,908     452,557      47,716      61,460     102,160     175,060      94,652      37,339      22,539      36,467      82,496     139,012
    Less: Notes held by F.R. Banks             213,532       5,039      81,971       5,980       8,743      12,523      26,887      13,646       4,295       3,550       4,018      20,979      25,901
      Federal Reserve notes, net             1,083,835      40,869     370,586      41,736      52,717      89,638     148,173      81,006      33,044      18,989      32,449      61,517     113,111
  Reverse repurchase agreements (12)            92,983       2,258      52,131       3,074       2,364       6,618       5,606       5,158       1,454         845       1,868       3,613       7,993
  Deposits                                   1,581,168      24,341   1,083,042      32,647      14,285      88,158      40,432      63,542      11,846       6,956      19,631      39,298     156,990
    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                          1,502,895      24,338   1,004,954      32,623      14,282      88,051      40,424      63,514      11,846       6,956      19,629      39,295     156,983
    U.S. Treasury, General Account              38,483           0      38,483           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                             5,561           1       5,533           3           3           8           2           1           0           0           0           1           6
    Other                                       34,229           2      34,071          21           0          99           5          26           0           0           1           2           1
  Deferred availability cash items                 967          33           0          98          49          22         167          28          28         197          30          73         243
  Interest on Federal Reserve notes due
     to U.S. Treasury (13)                       1,895          53         991          84          65         175         110          98          26          10          33          63         187
  Other liabilities and accrued
     dividends (14)                              9,788         196       6,471         254         244         621         409         369         164         136         163         271         490

Total liabilities                            2,770,635      67,750   1,513,222      77,894      69,723     185,231     194,897     150,202      46,562      27,134      54,173     104,835     279,013

Capital
  Capital paid in                               27,318       1,329       8,730       2,163       2,127       5,476       1,537         776         224         114         276         443       4,121
  Surplus                                       27,318       1,329       8,730       2,163       2,127       5,476       1,537         776         224         114         276         443       4,121
  Other capital                                      0           0           0           0           0           0           0           0           0           0           0           0           0

Total liabilities and capital                2,825,271      70,409   1,530,682      82,220      73,978     196,183     197,971     151,755      47,009      27,362      54,725     105,720     287,255
 
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, September 12, 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                                                       Sep 12, 2012 
 
Federal Reserve notes outstanding                                                          1,297,367
  Less: Notes held by F.R. Banks not subject to collateralization                            213,532
    Federal Reserve notes to be collateralized                                             1,083,835
Collateral held against Federal Reserve notes                                              1,083,835
  Gold certificate account                                                                    11,037
  Special drawing rights certificate account                                                   5,200
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                 1,067,598
  Other assets pledged                                                                             0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                     2,581,790
  Less: Face value of securities under reverse repurchase agreements                          77,057
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged      2,504,733
 
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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