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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

February 28, 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
Feb 27, 2013

Week ended
Feb 27, 2013

Change from week ended

Feb 20, 2013

Feb 29, 2012

Reserve Bank credit

3,077,604

+   14,207

+  169,503

3,072,378

Securities held outright1

2,844,305

+   14,833

+  241,663

2,839,047

U.S. Treasury securities

1,744,620

+   10,120

+   90,659

1,749,545

Bills2

         0

         0

-   18,423

         0

Notes and bonds, nominal2

1,656,638

+   10,176

+   98,962

1,661,584

Notes and bonds, inflation-indexed2

    77,499

         0

+    8,720

    77,499

Inflation compensation3

    10,484

-       56

+    1,401

    10,462

Federal agency debt securities2

    74,036

-      577

-   26,781

    73,588

Mortgage-backed securities4

1,025,649

+    5,290

+  177,784

1,015,914

Repurchase agreements5

         0

         0

         0

         0

Loans

       400

-       48

-    7,188

       399

Primary credit

         3

-        5

-       16

        10

Secondary credit

         0

         0

         0

         0

Seasonal credit

         1

         0

+        1

         1

Term Asset-Backed Securities Loan Facility6

       396

-       43

-    7,173

       388

Other credit extensions

         0

         0

         0

         0

Net portfolio holdings of Maiden Lane LLC7

     1,400

-        1

-    5,095

     1,399

Net portfolio holdings of Maiden Lane II LLC8

        61

         0

-    6,738

        61

Net portfolio holdings of Maiden Lane III LLC9

        22

         0

-   17,582

        22

Net portfolio holdings of TALF LLC10

       507

         0

-      318

       507

Float

      -674

+        3

+      172

      -893

Central bank liquidity swaps11

     4,194

-      998

-  103,584

     4,194

Other Federal Reserve assets12

   227,390

+      418

+   68,173

   227,642

Gold stock

    11,041

         0

         0

    11,041

Special drawing rights certificate account

     5,200

         0

         0

     5,200

Treasury currency outstanding13

    44,863

+       14

+      604

    44,863

Total factors supplying reserve funds

3,138,708

+   14,221

+  170,106

3,133,482

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
Feb 27, 2013

Week ended
Feb 27, 2013

Change from week ended

Feb 20, 2013

Feb 29, 2012

Currency in circulation13

1,169,383

+      564

+   80,234

1,171,326

Reverse repurchase agreements14

    94,978

-    1,944

+    5,174

   100,612

Foreign official and international accounts

    94,978

-    1,944

+    5,174

   100,612

Others

         0

         0

         0

         0

Treasury cash holdings

       208

+       10

+       48

       218

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

   124,515

+    1,675

+   18,440

    40,865

Term deposits held by depository institutions

         0

         0

         0

         0

U.S. Treasury, General Account

    43,012

+   18,135

+    3,537

    15,966

Foreign official

     8,586

+      170

+    8,405

     8,556

Service-related

         0

         0

-    1,955

         0

Required clearing balances

         0

         0

-    1,955

         0

Adjustments to compensate for float

         0

         0

         0

         0

Other

    72,916

-   16,632

+    8,451

    16,343

Other liabilities and capital15

    66,092

-    2,232

-    9,402

    66,100

Total factors, other than reserve balances,
absorbing reserve funds

1,455,176

-    1,928

+   94,493

1,379,121

Reserve balances with Federal Reserve Banks

1,683,532

+   16,149

+   75,613

1,754,362

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
Feb 27, 2013

Week ended
Feb 27, 2013

Change from week ended

Feb 20, 2013

Feb 29, 2012

Securities held in custody for foreign official and international accounts

3,293,893

-    8,137

+  213,931

3,278,332

Marketable U.S. Treasury securities1

2,956,833

-    4,486

+  315,148

2,943,831

Federal agency debt and mortgage-backed securities2

   299,399

-    3,768

-  101,029

   296,795

Other securities3

    37,660

+      117

-      190

    37,706

Securities lent to dealers

    20,650

+    2,665

+    2,177

    19,887

Overnight facility4

    20,650

+    2,665

+    2,177

    19,887

U.S. Treasury securities

    19,789

+    2,496

+    2,391

    18,818

Federal agency debt securities

       861

+      169

-      214

     1,069

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, February 27, 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

        11

         0

         0

       388

         0

...

       399

U.S. Treasury securities2

Holdings

         1

         4

        14

   433,570

   872,989

   442,966

1,749,545

Weekly changes

         0

         0

         0

+   17,326

-    7,088

+    2,851

+   13,089

Federal agency debt securities3

Holdings

         0

     1,535

    20,642

    47,020

     2,044

     2,347

    73,588

Weekly changes

-    1,025

         0

         0

         0

         0

         0

-    1,025

Mortgage-backed securities4

Holdings

         0

         0

         1

         1

     2,544

1,013,367

1,015,914

Weekly changes

         0

         0

-        1

         0

-       54

-   16,743

-   16,798

Asset-backed securities held by
TALF LLC5

         0

         0

         0

         0

         0

         0

         0

Repurchase agreements6

         0

         0

...

...

...

...

         0

Central bank liquidity swaps7

     3,029

     1,165

         0

         0

         0

         0

     4,194

Reverse repurchase agreements6

   100,612

         0

...

...

...

...

   100,612

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

Feb 27, 2013

Mortgage-backed securities held outright1

1,015,914

Commitments to buy mortgage-backed securities2

   106,573

Commitments to sell mortgage-backed securities2

         0

Cash and cash equivalents3

       109

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

Feb 27, 2013

Net portfolio holdings of Maiden Lane LLC1

     1,399

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 December 31, 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

Feb 27, 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 December 31, 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

Feb 27, 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 December 31, 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

Feb 27, 2013

Asset-backed securities holdings1

         0

Other investments, net

       507

Net portfolio holdings of TALF LLC

       507

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

         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.

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 then by the interest received on investments of TALF LLC. 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
Feb 27, 2013

Change since

Wednesday

Wednesday

Feb 20, 2013

Feb 29, 2012

Assets

Gold certificate account

    11,037

         0

         0

Special drawing rights certificate account

     5,200

         0

         0

Coin

     2,186

-       20

-      197

Securities, repurchase agreements, and loans

2,839,446

-    4,783

+  228,654

Securities held outright1

2,839,047

-    4,734

+  235,834

U.S. Treasury securities

1,749,545

+   13,089

+   87,944

Bills2

         0

         0

-   18,423

Notes and bonds, nominal2

1,661,584

+   13,148

+   96,360

Notes and bonds, inflation-indexed2

    77,499

         0

+    8,611

Inflation compensation3

    10,462

-       59

+    1,396

Federal agency debt securities2

    73,588

-    1,025

-   27,229

Mortgage-backed securities4

1,015,914

-   16,798

+  175,119

Repurchase agreements5

         0

         0

         0

Loans

       399

-       49

-    7,181

Net portfolio holdings of Maiden Lane LLC6

     1,399

-        1

-    5,040

Net portfolio holdings of Maiden Lane II LLC7

        61

         0

-    7,240

Net portfolio holdings of Maiden Lane III LLC8

        22

         0

-   17,589

Net portfolio holdings of TALF LLC9

       507

         0

-      318

Items in process of collection

(0)

       574

+        1

+      420

Bank premises

     2,310

+        2

-       78

Central bank liquidity swaps10

     4,194

-      998

-  103,569

Other assets11

   225,332

+    1,264

+   69,186

Total assets

(0)

3,092,268

-    4,534

+  164,226

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
Feb 27, 2013

Change since

Wednesday

Wednesday

Feb 20, 2013

Feb 29, 2012

Liabilities

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

1,128,862

+    1,139

+   78,986

Reverse repurchase agreements12

   100,612

+    7,491

+   13,059

Deposits

(0)

1,795,227

-   12,885

+   80,748

Term deposits held by depository institutions

         0

         0

         0

Other deposits held by depository institutions

1,754,362

+   85,979

+  147,255

U.S. Treasury, General Account

    15,966

-   24,737

-   46,576

Foreign official

     8,556

+      155

+    8,429

Other

(0)

    16,343

-   74,282

-   28,359

Deferred availability cash items

(0)

     1,466

-      174

+      402

Other liabilities and accrued dividends13

    11,113

-      111

-    9,437

Total liabilities

(0)

3,037,280

-    4,540

+  163,757

Capital accounts

Capital paid in

    27,494

+        3

+      234

Surplus

    27,494

+        3

+      234

Other capital accounts

         0

         0

         0

Total capital

    54,987

+        5

+      468

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, February 27, 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

     2,186

        44

       102

       141

       157

       388

       207

       321

        35

        53

       168

       203

       366

Securities, repurchase agreements,
and loans

2,839,446

    68,955

1,592,113

    93,853

    72,181

   202,059

   171,175

   157,499

    44,386

    25,810

    57,038

   110,322

   244,057

Securities held outright1

2,839,047

    68,955

1,591,724

    93,853

    72,181

   202,059

   171,175

   157,498

    44,386

    25,810

    57,038

   110,312

   244,057

U.S. Treasury securities

1,749,545

    42,493

   980,890

    57,836

    44,481

   124,518

   105,485

    97,057

    27,352

    15,905

    35,149

    67,979

   150,399

Bills2

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Notes and bonds3

1,749,545

    42,493

   980,890

    57,836

    44,481

   124,518

   105,485

    97,057

    27,352

    15,905

    35,149

    67,979

   150,399

Federal agency debt securities2

    73,588

     1,787

    41,257

     2,433

     1,871

     5,237

     4,437

     4,082

     1,150

       669

     1,478

     2,859

     6,326

Mortgage-backed securities4

1,015,914

    24,675

   569,577

    33,584

    25,829

    72,304

    61,253

    56,359

    15,883

     9,236

    20,410

    39,474

    87,333

Repurchase agreements5

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Loans

       399

         0

       388

         0

         0

         0

         0

         1

         0

         0

         0

        10

         0

Net portfolio holdings of Maiden

Lane LLC6

     1,399

         0

     1,399

         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

       507

         0

       507

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Items in process of collection

       574

         0

         0

         0

         0

         0

       573

         0

         0

         0

         0

         0

         0

Bank premises

     2,310

       118

       432

        71

       115

       229

       214

       201

       130

       103

       252

       238

       208

Central bank liquidity swaps10

     4,194

       206

     1,341

       324

       327

       881

       239

       120

        35

        18

        42

        67

       595

Other assets11

   225,332

     6,106

   119,938

     8,659

     7,014

    19,593

    13,526

    11,826

     3,375

     1,978

     4,297

     8,310

    20,710

Interdistrict settlement account

         0

-      463

+    9,656

-    9,756

-    2,502

-   51,544

+   19,904

-   11,394

+    1,481

+    1,257

-    7,505

-    9,620

+   60,486

Total assets

3,092,268

    75,570

1,731,213

    93,939

    78,045

   172,907

   207,828

   159,834

    49,906

    29,500

    54,761

   110,526

   328,238

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, February 27, 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

1,388,800

    47,165

   510,786

    46,971

    61,495

   102,892

   175,054

    94,464

    37,125

    23,671

    37,802

    96,413

   154,962

Less: Notes held by F.R. Banks

   259,938

     9,690

    97,684

     4,897

     9,677

    11,705

    29,350

    14,484

     3,305

     6,204

     9,602

    36,600

    26,740

Federal Reserve notes, net

1,128,862

    37,475

   413,102

    42,074

    51,818

    91,187

   145,705

    79,980

    33,821

    17,467

    28,200

    59,813

   128,222

Reverse repurchase agreements12

   100,612

     2,444

    56,409

     3,326

     2,558

     7,161

     6,066

     5,582

     1,573

       915

     2,021

     3,909

     8,649

Deposits

1,795,227

    32,709

1,237,307

    43,991

    19,106

    62,287

    51,172

    72,210

    13,854

    10,457

    23,788

    45,560

   182,787

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

1,754,362

    32,683

1,196,672

    43,961

    19,103

    62,174

    51,163

    72,181

    13,853

    10,456

    23,786

    45,556

   182,772

U.S. Treasury, General Account

    15,966

         0

    15,966

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Foreign official

     8,556

         2

     8,529

         3

         3

         8

         2

         1

         0

         0

         0

         1

         6

Other

    16,343

        23

    16,140

        27

         0

       105

         7

        27

         0

         0

         1

         3

         9

Deferred availability cash items

     1,466

         0

         0

         0

         0

         0

     1,194

         0

         0

       273

         0

         0

         0

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

     1,064

        21

       636

        31

        20

        60

        65

        57

        22

         9

        20

        40

        83

Other liabilities and accrued
dividends14

    10,049

       227

     6,256

       285

       265

       722

       492

       437

       177

       146

       176

       323

       543

Total liabilities

3,037,280

    72,876

1,713,709

    89,707

    73,768

   161,417

   204,694

   158,265

    49,446

    29,266

    54,205

   109,645

   320,283

Capital

Capital paid in

    27,494

     1,347

     8,752

     2,116

     2,138

     5,745

     1,567

       785

       230

       117

       278

       441

     3,977

Surplus

    27,494

     1,347

     8,752

     2,116

     2,138

     5,745

     1,567

       785

       230

       117

       278

       441

     3,977

Other capital

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Total liabilities and capital

3,092,268

    75,570

1,731,213

    93,939

    78,045

   172,907

   207,828

   159,834

    49,906

    29,500

    54,761

   110,526

   328,238

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, February 27, 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

Feb 27, 2013

Federal Reserve notes outstanding

1,388,800

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

   259,938

Federal Reserve notes to be collateralized

1,128,862

Collateral held against Federal Reserve notes

1,128,862

Gold certificate account

    11,037

Special drawing rights certificate account

     5,200

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

1,112,625

Other assets pledged

         0

Memo:

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

2,839,047

Less: Face value of securities under reverse repurchase agreements

    90,079

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

2,748,968

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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