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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

January 10, 2013

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
Jan 9, 2013

Week ended
Jan 9, 2013

Change from week ended

Jan 2, 2013

Jan 11, 2012

Reserve Bank credit

2,905,605

+    9,314

+   22,866

2,911,042

Securities held outright1

2,674,807

+    8,516

+   79,989

2,679,380

U.S. Treasury securities

1,671,381

+    8,530

+   18,138

1,676,307

Bills2

         0

         0

-   18,423

         0

Notes and bonds, nominal2

1,585,793

+    8,612

+   27,962

1,590,752

Notes and bonds, inflation-indexed2

    74,740

         0

+    7,231

    74,740

Inflation compensation3

    10,848

-       82

+    1,368

    10,815

Federal agency debt securities2

    76,723

-       60

-   26,588

    76,361

Mortgage-backed securities4

   926,703

+       45

+   88,439

   926,712

Repurchase agreements5

         0

         0

         0

         0

Loans

       565

-       49

-    8,272

       559

Primary credit

         7

-       21

+        2

         0

Secondary credit

         0

         0

         0

         0

Seasonal credit

         3

-       28

-        4

         3

Term Asset-Backed Securities Loan Facility6

       556

         0

-    8,269

       556

Other credit extensions

         0

         0

         0

         0

Net portfolio holdings of Maiden Lane LLC7

     1,413

         0

-    5,827

     1,414

Net portfolio holdings of Maiden Lane II LLC8

        61

         0

-    9,082

        61

Net portfolio holdings of Maiden Lane III LLC9

        22

         0

-   17,777

        22

Net portfolio holdings of TALF LLC10

       856

         0

+       45

       856

Float

      -866

-      170

+       74

      -775

Central bank liquidity swaps11

     8,991

+      102

-   83,290

     8,991

Other Federal Reserve assets12

   219,754

+      914

+   67,004

   220,533

Gold stock

    11,041

         0

         0

    11,041

Special drawing rights certificate account

     5,200

         0

         0

     5,200

Treasury currency outstanding13

    44,831

+       14

+      624

    44,831

Total factors supplying reserve funds

2,966,677

+    9,328

+   23,490

2,972,114

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
Jan 9, 2013

Week ended
Jan 9, 2013

Change from week ended

Jan 2, 2013

Jan 11, 2012

Currency in circulation13

1,164,420

-    4,543

+   94,523

1,160,894

Reverse repurchase agreements14

    99,482

-   13,640

+   11,330

    94,967

Foreign official and international accounts

    99,482

-   13,640

+   11,330

    94,967

Others

         0

         0

         0

         0

Treasury cash holdings

       156

+        6

+       24

       167

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

    94,622

-   10,236

-   46,787

    85,104

Term deposits held by depository institutions

         0

         0

         0

         0

U.S. Treasury, General Account

    59,644

-   11,920

-   18,619

    47,338

Foreign official

     6,465

+      121

+    6,340

     6,465

Service-related

         0

         0

-    2,484

         0

Required clearing balances

         0

         0

-    2,484

         0

Adjustments to compensate for float

         0

         0

         0

         0

Other

    28,514

+    1,563

-   32,022

    31,301

Other liabilities and capital15

    64,972

-    1,418

-    6,169

    65,480

Total factors, other than reserve balances,
absorbing reserve funds

1,423,652

-   29,831

+   52,920

1,406,612

Reserve balances with Federal Reserve Banks

1,543,024

+   39,158

-   29,432

1,565,502

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
Jan 9, 2013

Week ended
Jan 9, 2013

Change from week ended

Jan 2, 2013

Jan 11, 2012

Securities held in custody for foreign official and international accounts

3,247,182

+   14,525

+  219,197

3,250,550

Marketable U.S. Treasury securities1

2,900,824

+   15,583

+  308,896

2,904,755

Federal agency debt and mortgage-backed securities2

   310,426

-    1,026

-   90,890

   309,949

Other securities3

    35,932

-       31

+    1,191

    35,846

Securities lent to dealers

     7,223

-      696

-    1,393

     8,449

Overnight facility4

     7,223

-      696

-    1,393

     8,449

U.S. Treasury securities

     6,531

-      722

-    1,199

     7,861

Federal agency debt securities

       692

+       26

-      194

       588

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, January 9, 2013

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

         1

        52

         0

       506

         0

...

       559

U.S. Treasury securities2

Holdings

         0

         5

        16

   383,562

   866,089

   426,635

1,676,307

Weekly changes

         0

         0

         0

+    5,088

+    3,686

+    1,414

+   10,189

Federal agency debt securities3

Holdings

     1,250

     3,058

    16,396

    51,266

     2,044

     2,347

    76,361

Weekly changes

-      422

+      370

+    1,194

-    1,564

         0

         0

-      422

Mortgage-backed securities4

Holdings

         0

         0

         2

         1

     2,379

   924,329

   926,712

Weekly changes

         0

         0

         0

         0

+       14

+        6

+       21

Asset-backed securities held by
TALF LLC5

         0

         0

         0

         0

         0

         0

         0

Repurchase agreements6

         0

         0

...

...

...

...

         0

Central bank liquidity swaps7

       981

     8,010

         0

         0

         0

         0

     8,991

Reverse repurchase agreements6

    94,967

         0

...

...

...

...

    94,967

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

Jan 9, 2013

Mortgage-backed securities held outright1

   926,712

Commitments to buy mortgage-backed securities2

   146,781

Commitments to sell mortgage-backed securities2

     9,300

Cash and cash equivalents3

        40

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

Jan 9, 2013

Net portfolio holdings of Maiden Lane LLC1

     1,414

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

Jan 9, 2013

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

Jan 9, 2013

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

Jan 9, 2013

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
Jan 9, 2013

Change since

Wednesday

Wednesday

Jan 2, 2013

Jan 11, 2012

Assets

Gold certificate account

    11,037

         0

         0

Special drawing rights certificate account

     5,200

         0

         0

Coin

     2,120

+       17

-      225

Securities, repurchase agreements, and loans

2,679,939

+    9,759

+   77,792

Securities held outright1

2,679,380

+    9,788

+   85,861

U.S. Treasury securities

1,676,307

+   10,189

+   25,464

Bills2

         0

         0

-   18,423

Notes and bonds, nominal2

1,590,752

+   10,280

+   36,345

Notes and bonds, inflation-indexed2

    74,740

         0

+    6,232

Inflation compensation3

    10,815

-       91

+    1,310

Federal agency debt securities2

    76,361

-      422

-   26,040

Mortgage-backed securities4

   926,712

+       21

+   86,438

Repurchase agreements5

         0

         0

         0

Loans

       559

-       28

-    8,069

Net portfolio holdings of Maiden Lane LLC6

     1,414

+        1

-    5,832

Net portfolio holdings of Maiden Lane II LLC7

        61

         0

-    9,084

Net portfolio holdings of Maiden Lane III LLC8

        22

         0

-   17,844

Net portfolio holdings of TALF LLC9

       856

         0

+       45

Items in process of collection

(0)

       152

-       35

-      155

Bank premises

     2,332

+        1

+      150

Central bank liquidity swaps10

     8,991

+      102

-   82,468

Other assets11

   218,202

+    1,728

+   66,443

Total assets

(0)

2,930,325

+   11,572

+   28,822

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
Jan 9, 2013

Change since

Wednesday

Wednesday

Jan 2, 2013

Jan 11, 2012

Liabilities

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

1,118,345

-    8,516

+   91,757

Reverse repurchase agreements12

    94,967

-    8,304

+   10,335

Deposits

(0)

1,650,607

+   27,808

-   65,501

Term deposits held by depository institutions

         0

         0

         0

Other deposits held by depository institutions

1,565,502

+   56,830

-   19,273

U.S. Treasury, General Account

    47,338

-   37,120

-   18,729

Foreign official

     6,465

+      155

+    6,340

Other

(0)

    31,301

+    7,942

-   33,840

Deferred availability cash items

(0)

       926

-      267

-      389

Other liabilities and accrued dividends13

    10,759

+      850

-    8,301

Total liabilities

(0)

2,875,603

+   11,570

+   27,900

Capital accounts

Capital paid in

    27,361

+        1

+      461

Surplus

    27,361

+        1

+      461

Other capital accounts

         0

         0

         0

Total capital

    54,722

+        2

+      921

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, January 9, 2013

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

     2,120

        39

        90

       140

       147

       376

       210

       314

        35

        53

       166

       200

       351

Securities, repurchase agreements,
and loans

2,679,939

    65,077

1,502,762

    88,574

    68,122

   190,695

   161,548

   148,641

    41,890

    24,358

    53,833

   104,108

   230,332

Securities held outright1

2,679,380

    65,077

1,502,206

    88,574

    68,122

   190,695

   161,548

   148,640

    41,890

    24,358

    53,830

   104,108

   230,331

U.S. Treasury securities

1,676,307

    40,714

   939,829

    55,415

    42,619

   119,305

   101,070

    92,994

    26,207

    15,239

    33,678

    65,133

   144,103

Bills2

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Notes and bonds3

1,676,307

    40,714

   939,829

    55,415

    42,619

   119,305

   101,070

    92,994

    26,207

    15,239

    33,678

    65,133

   144,103

Federal agency debt securities2

    76,361

     1,855

    42,812

     2,524

     1,941

     5,435

     4,604

     4,236

     1,194

       694

     1,534

     2,967

     6,564

Mortgage-backed securities4

   926,712

    22,508

   519,565

    30,635

    23,561

    65,955

    55,874

    51,410

    14,488

     8,425

    18,618

    36,008

    79,664

Repurchase agreements5

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Loans

       559

         0

       556

         0

         0

         0

         0

         0

         0

         0

         3

         0

         0

Net portfolio holdings of Maiden

Lane LLC6

     1,414

         0

     1,414

         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

       152

         0

         0

         0

         0

         0

       150

         0

         1

         0

         0

         0

         0

Bank premises

     2,332

       119

       448

        70

       115

       229

       215

       202

       131

       103

       252

       239

       209

Central bank liquidity swaps10

     8,991

       315

     2,900

       780

       665

     1,860

       514

       240

        74

        37

        89

       144

     1,374

Other assets11

   218,202

     5,599

   116,034

     8,547

     6,765

    19,042

    13,123

    11,390

     3,266

     1,915

     4,150

     7,970

    20,401

Interdistrict settlement account

         0

+   14,057

-   52,611

-   10,029

-    4,044

-   46,510

+   31,170

-   10,034

+    1,199

+    3,682

-    5,001

+    2,247

+   75,874

Total assets

2,930,325

    85,810

1,577,619

    88,730

    72,521

   166,993

   208,921

   152,016

    47,057

    30,429

    53,958

   115,914

   330,356

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, January 9, 2013 (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

1,357,416

    47,599

   480,248

    47,697

    60,920

   103,382

   175,362

    95,328

    37,352

    22,420

    36,858

    95,665

   154,587

Less: Notes held by F.R. Banks

   239,071

     6,756

    94,775

     4,518

     9,174

    12,138

    27,709

    13,318

     4,101

     3,264

     7,461

    29,052

    26,806

Federal Reserve notes, net

1,118,345

    40,843

   385,473

    43,179

    51,746

    91,244

   147,653

    82,010

    33,251

    19,156

    29,397

    66,613

   127,781

Reverse repurchase agreements12

    94,967

     2,307

    53,243

     3,139

     2,414

     6,759

     5,726

     5,268

     1,485

       863

     1,908

     3,690

     8,164

Deposits

1,650,607

    39,720

1,114,938

    37,876

    13,811

    56,751

    51,052

    62,642

    11,667

     9,901

    21,892

    44,367

   185,991

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

1,565,502

    39,718

1,029,961

    37,866

    13,808

    56,692

    51,042

    62,614

    11,666

     9,901

    21,890

    44,361

   185,984

U.S. Treasury, General Account

    47,338

         0

    47,338

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Foreign official

     6,465

         1

     6,438

         3

         3

         8

         2

         1

         0

         0

         0

         1

         6

Other

    31,301

         1

    31,201

         6

         0

        51

         7

        27

         0

         0

         1

         5

         1

Deferred availability cash items

       926

         0

         0

         0

         0

         0

       799

         0

         0

       127

         0

         0

         0

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

     1,030

        17

       636

        18

        16

        44

        63

        71

        15

         9

        24

        44

        71

Other liabilities and accrued
dividends14

     9,729

       233

     5,838

       285

       265

       704

       511

       462

       183

       144

       183

       333

       589

Total liabilities

2,875,603

    83,120

1,560,128

    84,497

    68,253

   155,501

   205,803

   150,455

    46,601

    30,200

    53,403

   115,046

   322,596

Capital

Capital paid in

    27,361

     1,345

     8,745

     2,116

     2,134

     5,746

     1,559

       781

       228

       115

       277

       434

     3,880

Surplus

    27,361

     1,345

     8,745

     2,116

     2,134

     5,746

     1,559

       781

       228

       115

       277

       434

     3,880

Other capital

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Total liabilities and capital

2,930,325

    85,810

1,577,619

    88,730

    72,521

   166,993

   208,921

   152,016

    47,057

    30,429

    53,958

   115,914

   330,356

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, January 9, 2013 (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

Jan 9, 2013

Federal Reserve notes outstanding

1,357,416

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

   239,071

Federal Reserve notes to be collateralized

1,118,345

Collateral held against Federal Reserve notes

1,118,345

Gold certificate account

    11,037

Special drawing rights certificate account

     5,200

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

1,102,108

Other assets pledged

         0

Memo:

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

2,679,380

Less: Face value of securities under reverse repurchase agreements

    81,834

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

2,597,546

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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