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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

December 13, 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 12, 2012

Week ended
Dec 12, 2012

Change from week ended

Dec 5, 2012

Dec 14, 2011

Reserve Bank credit

2,858,450

+   15,000

−    8,582

2,899,255

Securities held outright1

2,630,907

+   12,108

+   13,312

2,668,891

U.S. Treasury securities

1,661,520

+    5,631

−   10,011

1,660,807

Bills2

         0

         0

−   18,423

         0

Notes and bonds, nominal2

1,577,099

+    5,426

+    1,067

1,575,114

Notes and bonds, inflation-indexed2

    73,543

+      199

+    6,059

    74,740

Inflation compensation3

    10,878

+        6

+    1,285

    10,953

Federal agency debt securities2

    79,283

         0

−   26,626

    79,283

Mortgage-backed securities4

   890,104

+    6,477

+   49,950

   928,801

Repurchase agreements5

         0

         0

         0

         0

Loans

       925

−       43

−    9,056

       827

Primary credit

         5

−        4

−      388

         5

Secondary credit

         0

         0

         0

         0

Seasonal credit

        21

−        1

−        3

        19

Term Asset-Backed Securities Loan Facility6

       899

−       38

−    8,664

       803

Other credit extensions

         0

         0

         0

         0

Net portfolio holdings of Maiden Lane LLC7

     1,434

+        2

−    8,702

     1,434

Net portfolio holdings of Maiden Lane II LLC8

        61

         0

−    9,175

        61

Net portfolio holdings of Maiden Lane III LLC9

        22

         0

−   17,878

        22

Net portfolio holdings of TALF LLC10

       856

         0

+       53

       856

Float

      -778

−       46

+      139

    -1,059

Central bank liquidity swaps11

    12,368

+      187

−   41,967

    12,368

Other Federal Reserve assets12

   212,655

+    2,792

+   64,692

   215,855

Gold stock

    11,041

         0

         0

    11,041

Special drawing rights certificate account

     5,200

         0

         0

     5,200

Treasury currency outstanding13

    44,775

+       14

+      590

    44,775

Total factors supplying reserve funds

2,919,467

+   15,015

−    7,992

2,960,271

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 12, 2012

Week ended
Dec 12, 2012

Change from week ended

Dec 5, 2012

Dec 14, 2011

Currency in circulation13

1,154,779

+    2,976

+   90,446

1,156,037

Reverse repurchase agreements14

    98,286

+    3,161

+   13,531

   102,444

Foreign official and international accounts

    97,964

+    3,988

+   13,209

   102,444

Others

       321

−      828

+      321

         0

Treasury cash holdings

       144

−        3

+       30

       143

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

    76,171

+   12,676

−   27,416

    76,971

Term deposits held by depository institutions

         0

−    3,043

−    5,055

         0

U.S. Treasury, General Account

    38,980

+    4,983

+   17,496

    31,399

Foreign official

     5,955

−      836

+    5,746

     5,841

Service-related

         0

         0

−    2,497

         0

Required clearing balances

         0

         0

−    2,497

         0

Adjustments to compensate for float

         0

         0

         0

         0

Other

    31,236

+   11,573

−   43,106

    39,730

Other liabilities and capital15

    69,870

+    2,109

−    3,304

    76,448

Total factors, other than reserve balances,
absorbing reserve funds

1,399,250

+   20,920

+   73,287

1,412,042

Reserve balances with Federal Reserve Banks

1,520,217

−    5,905

−   81,278

1,548,229

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 12, 2012

Week ended
Dec 12, 2012

Change from week ended

Dec 5, 2012

Dec 14, 2011

Securities held in custody for foreign official and international accounts

3,214,921

+   12,200

+  132,203

3,220,818

Marketable U.S. Treasury securities1

2,861,248

+   12,019

+  211,377

2,866,875

Federal agency debt and mortgage-backed securities2

   317,944

+      534

−   80,887

   318,293

Other securities3

    35,729

−      352

+    1,713

    35,650

Securities lent to dealers

     5,907

+       64

−    5,924

     5,426

Overnight facility4

     5,907

+       64

−    5,924

     5,426

U.S. Treasury securities

     5,204

−       54

−    5,462

     4,746

Federal agency debt securities

       702

+      117

−      462

       680

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 12, 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

         6

       309

         0

       512

         0

...

       827

U.S. Treasury securities2

Holdings

         0

       386

        15

   387,879

   856,457

   416,069

1,660,807

Weekly changes

         0

         0

−       26

−    7,568

+    9,706

+    5,101

+    7,214

Federal agency debt securities3

Holdings

     2,500

     3,195

    16,367

    52,830

     2,044

     2,347

    79,283

Weekly changes

+    2,500

−    2,500

+    1,151

−    1,151

         0

         0

         0

Mortgage-backed securities4

Holdings

         0

         0

         3

         1

     1,687

   927,110

   928,801

Weekly changes

         0

         0

         0

         0

+        1

+   45,155

+   45,155

Asset-backed securities held by
TALF LLC5

         0

         0

         0

         0

         0

         0

         0

Repurchase agreements6

         0

         0

...

...

...

...

         0

Central bank liquidity swaps7

     4,080

     8,288

         0

         0

         0

         0

    12,368

Reverse repurchase agreements6

   102,444

         0

...

...

...

...

   102,444

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 12, 2012

Mortgage-backed securities held outright1

   928,801

Commitments to buy mortgage-backed securities2

    98,329

Commitments to sell mortgage-backed securities2

         0

Cash and cash equivalents3

         8

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 12, 2012

Net portfolio holdings of Maiden Lane LLC1

     1,434

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 12, 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 12, 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 12, 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 12, 2012

Change since

Wednesday

Wednesday

Dec 5, 2012

Dec 14, 2011

Assets

Gold certificate account

    11,037

         0

         0

Special drawing rights certificate account

     5,200

         0

         0

Coin

     2,126

+       11

−      154

Securities, repurchase agreements, and loans

2,669,718

+   52,238

+   22,668

Securities held outright1

2,668,891

+   52,370

+   31,429

U.S. Treasury securities

1,660,807

+    7,214

−   12,668

Bills2

         0

         0

−   18,423

Notes and bonds, nominal2

1,575,114

+    5,735

−    1,780

Notes and bonds, inflation-indexed2

    74,740

+    1,396

+    6,272

Inflation compensation3

    10,953

+       83

+    1,263

Federal agency debt securities2

    79,283

         0

−   26,626

Mortgage-backed securities4

   928,801

+   45,155

+   70,723

Repurchase agreements5

         0

         0

         0

Loans

       827

−      132

−    8,761

Net portfolio holdings of Maiden Lane LLC6

     1,434

         0

−    5,777

Net portfolio holdings of Maiden Lane II LLC7

        61

         0

−    9,178

Net portfolio holdings of Maiden Lane III LLC8

        22

         0

−   17,697

Net portfolio holdings of TALF LLC9

       856

         0

+       53

Items in process of collection

(0)

       111

−        6

−      208

Bank premises

     2,335

+        1

+      151

Central bank liquidity swaps10

    12,368

+      187

−   41,967

Other assets11

   213,519

+    5,016

+   65,935

Total assets

(0)

2,918,788

+   57,448

+   13,829

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 12, 2012

Change since

Wednesday

Wednesday

Dec 5, 2012

Dec 14, 2011

Liabilities

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

1,113,527

+    1,205

+   88,898

Reverse repurchase agreements12

   102,444

+    6,126

+   19,972

Deposits

(0)

1,625,199

+   41,370

−   99,642

Term deposits held by depository institutions

         0

−    3,043

−    5,055

Other deposits held by depository institutions

1,548,229

+   24,293

−   66,939

U.S. Treasury, General Account

    31,399

+    9,968

+    5,748

Foreign official

     5,841

−    2,136

+    5,141

Other

(0)

    39,730

+   12,287

−   38,537

Deferred availability cash items

(0)

     1,170

+      168

−      164

Other liabilities and accrued dividends13

    21,722

+    8,546

+    3,917

Total liabilities

(0)

2,864,062

+   57,415

+   12,981

Capital accounts

Capital paid in

    27,363

+       17

+      424

Surplus

    27,363

+       17

+      424

Other capital accounts

         0

         0

         0

Total capital

    54,726

+       33

+      847

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 12, 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

        92

       142

       145

       382

       207

       312

        36

        53

       165

       198

       355

Securities, repurchase agreements,
and loans

2,669,718

    64,823

1,497,129

    88,228

    67,855

   189,949

   160,916

   148,062

    41,729

    24,273

    53,624

   103,700

   229,430

Securities held outright1

2,668,891

    64,822

1,496,326

    88,228

    67,855

   189,949

   160,916

   148,059

    41,726

    24,263

    53,619

   103,700

   229,430

U.S. Treasury securities

1,660,807

    40,338

   931,139

    54,903

    42,225

   118,202

   100,135

    92,134

    25,965

    15,098

    33,366

    64,531

   142,770

Bills2

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Notes and bonds3

1,660,807

    40,338

   931,139

    54,903

    42,225

   118,202

   100,135

    92,134

    25,965

    15,098

    33,366

    64,531

   142,770

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

   928,801

    22,559

   520,737

    30,704

    23,614

    66,104

    56,000

    51,526

    14,521

     8,444

    18,660

    36,089

    79,844

Repurchase agreements5

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Loans

       827

         1

       803

         0

         0

         0

         0

         3

         4

        10

         5

         0

         0

Net portfolio holdings of Maiden

Lane LLC6

     1,434

         0

     1,434

         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

       111

         0

         0

         0

        11

         0

        99

         0

         1

         0

         0

         0

         0

Bank premises

     2,335

       119

       450

        70

       115

       229

       214

       202

       130

       103

       253

       239

       209

Central bank liquidity swaps10

    12,368

       434

     3,990

     1,073

       914

     2,558

       707

       330

       101

        50

       123

       198

     1,889

Other assets11

   213,519

     5,487

   113,284

     8,450

     6,668

    18,761

    12,842

    11,114

     3,179

     1,866

     4,051

     7,785

    20,032

Interdistrict settlement account

         0

+   11,175

−  102,483

−   15,158

−    2,299

−   21,591

+   40,928

−      192

+    2,298

+    3,537

−    4,396

+    1,123

+   87,059

Total assets

2,918,788

    82,681

1,520,476

    83,451

    74,162

   191,590

   217,904

   161,091

    47,937

    30,165

    54,289

   114,250

   340,791

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 12, 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

1,345,119

    47,698

   471,392

    47,875

    60,881

   104,191

   176,596

    96,050

    37,382

    22,410

    36,444

    92,459

   151,741

Less: Notes held by F.R. Banks

   231,592

     6,207

    92,137

     4,796

     8,788

    12,055

    26,212

    13,261

     4,115

     3,228

     6,062

    28,108

    26,622

Federal Reserve notes, net

1,113,527

    41,491

   379,255

    43,079

    52,093

    92,137

   150,384

    82,788

    33,267

    19,182

    30,382

    64,351

   125,119

Reverse repurchase agreements12

   102,444

     2,488

    57,435

     3,387

     2,605

     7,291

     6,177

     5,683

     1,602

       931

     2,058

     3,980

     8,807

Deposits

1,625,199

    35,496

1,053,457

    32,083

    14,594

    79,113

    56,151

    69,998

    12,256

     9,341

    20,889

    44,289

   197,531

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

1,548,229

    35,494

   976,917

    32,072

    14,591

    78,740

    56,139

    69,978

    12,258

     9,340

    20,888

    44,286

   197,524

U.S. Treasury, General Account

    31,399

         0

    31,399

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Foreign official

     5,841

         1

     5,814

         3

         3

         8

         2

         1

         0

         0

         0

         1

         6

Other

    39,730

         1

    39,326

         7

         0

       364

        10

        19

        -3

         0

         1

         3

         1

Deferred availability cash items

     1,171

         0

         0

         0

        23

         0

       914

         0

         0

       234

         0

         0

         0

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

     1,403

        41

       826

        29

        33

        79

        84

        87

        23

        13

        30

        59

       101

Other liabilities and accrued
dividends14

    20,319

       475

    12,014

       641

       546

     1,477

     1,075

       976

       335

       236

       376

       695

     1,472

Total liabilities

2,864,062

    79,991

1,502,987

    79,219

    69,893

   180,096

   214,786

   159,533

    47,483

    29,936

    53,735

   113,374

   333,029

Capital

Capital paid in

    27,363

     1,345

     8,745

     2,116

     2,134

     5,747

     1,559

       779

       227

       115

       277

       438

     3,881

Surplus

    27,363

     1,345

     8,745

     2,116

     2,134

     5,747

     1,559

       779

       227

       115

       277

       438

     3,881

Other capital

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Total liabilities and capital

2,918,788

    82,681

1,520,476

    83,451

    74,162

   191,590

   217,904

   161,091

    47,937

    30,165

    54,289

   114,250

   340,791

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 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

Federal Reserve notes and collateral

Wednesday

Dec 12, 2012

Federal Reserve notes outstanding

1,345,119

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

   231,592

Federal Reserve notes to be collateralized

1,113,527

Collateral held against Federal Reserve notes

1,113,527

Gold certificate account

    11,037

Special drawing rights certificate account

     5,200

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

1,097,290

Other assets pledged

         0

Memo:

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

2,668,891

Less: Face value of securities under reverse repurchase agreements

    87,559

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

2,581,332

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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