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Release Date: Thursday, May 30, 2013
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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

May 30, 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
May 29, 2013

Week ended
May 29, 2013

Change from week ended

May 22, 2013

May 30, 2012

Reserve Bank credit

3,352,693

+   16,034

+  545,682

3,342,060

Securities held outright1

3,128,758

+   19,241

+  518,071

3,119,382

U.S. Treasury securities

1,881,778

+   11,849

+  218,001

1,883,559

Bills2

         0

         0

-   18,423

         0

Notes and bonds, nominal2

1,787,525

+   11,790

+  219,439

1,789,288

Notes and bonds, inflation-indexed2

    81,646

         0

+   13,992

    81,646

Inflation compensation3

    12,607

+       59

+    2,992

    12,624

Federal agency debt securities2

    71,887

-      166

-   21,365

    70,890

Mortgage-backed securities4

1,175,093

+    7,558

+  321,436

1,164,934

Unamortized premiums on securities held outright5

   201,010

+      778

+   68,831

   200,824

Unamortized discounts on securities held outright5

    -1,722

-       46

+      572

    -1,724

Repurchase agreements6

         0

         0

         0

         0

Loans

       382

-       56

-    5,280

       418

Primary credit

        10

-       13

-        9

        47

Secondary credit

         0

         0

         0

         0

Seasonal credit

        51

+        5

+       20

        49

Term Asset-Backed Securities Loan Facility7

       321

-       48

-    5,291

       321

Other credit extensions

         0

         0

         0

         0

Net portfolio holdings of Maiden Lane LLC8

     1,428

-        1

-    2,444

     1,424

Net portfolio holdings of Maiden Lane II LLC9

        64

         0

+       45

        64

Net portfolio holdings of Maiden Lane III LLC10

        22

         0

-   15,145

        22

Net portfolio holdings of TALF LLC11

       388

         0

-      453

       388

Float

      -663

+       56

-       10

    -1,112

Central bank liquidity swaps12

     1,771

-    5,506

-   20,397

     1,771

Other Federal Reserve assets13

    21,254

+    1,567

+    1,892

    20,603

Foreign currency denominated assets14

    23,183

+      212

-    1,958

    23,238

Gold stock

    11,041

         0

         0

    11,041

Special drawing rights certificate account

     5,200

         0

         0

     5,200

Treasury currency outstanding15

    45,080

+       14

+      606

    45,080

Total factors supplying reserve funds

3,437,196

+   16,260

+  544,330

3,426,619

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
May 29, 2013

Week ended
May 29, 2013

Change from week ended

May 22, 2013

May 30, 2012

Currency in circulation15

1,190,732

+    4,929

+   82,209

1,192,301

Reverse repurchase agreements16

    86,575

-    3,595

-    3,745

    88,177

Foreign official and international accounts

    86,575

-    3,595

-    3,745

    88,177

Others

         0

         0

         0

         0

Treasury cash holdings

       152

-        8

+       10

       152

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

   116,132

-    1,920

+   18,392

    60,744

Term deposits held by depository institutions

    10,496

+   10,496

+    7,443

    10,496

U.S. Treasury, General Account

    13,502

-   19,731

-   54,302

    14,298

Foreign official

    11,031

+       82

+   10,901

    11,024

Service-related

         0

         0

-    1,903

         0

Required clearing balances

         0

         0

-    1,903

         0

Adjustments to compensate for float

         0

         0

         0

         0

Other

    81,102

+    7,232

+   56,251

    24,925

Other liabilities and capital17

    64,405

-      656

-    8,826

    62,656

Total factors, other than reserve balances,
absorbing reserve funds

1,457,996

-    1,250

+   88,040

1,404,030

Reserve balances with Federal Reserve Banks

1,979,200

+   17,510

+  456,290

2,022,589

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.

Reflects the premium or discount, which is the difference between the purchase price and the face value of the securities that has not been amortized.  For U.S. Treasury and Federal agency debt securities, amortization is on a straight-line basis.  For mortgage-backed securities, amortization is on an effective-interest basis.

6.

Cash value of agreements.

7.

Includes credit extended by the Federal Reserve Bank of New York to eligible borrowers through the Term Asset-Backed Securities Loan Facility.

8.

Refer to table 4 and the note on consolidation accompanying table 9.

9.

Refer to table 5 and the note on consolidation accompanying table 9.

10.

Refer to table 6 and the note on consolidation accompanying table 9.

11.

Refer to table 7 and the note on consolidation accompanying table 9.

12.

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.

13.

Includes accrued interest, which represents the daily accumulation of interest earned, and other accounts receivable.  Also, includes Reserve Bank premises and equipment net of allowances for depreciation.

14.

Revalued daily at current foreign currency exchange rates.

15.

Estimated.

16.

Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.

17.

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
May 29, 2013

Week ended
May 29, 2013

Change from week ended

May 22, 2013

May 30, 2012

Securities held in custody for foreign official and international accounts

3,314,859

+    3,153

+  200,827

3,317,119

Marketable U.S. Treasury securities1

2,972,117

+    8,765

+  265,056

2,976,377

Federal agency debt and mortgage-backed securities2

   304,519

-    5,389

-   65,005

   302,659

Other securities3

    38,223

-      223

+      775

    38,083

Securities lent to dealers

    21,242

+      829

+    3,988

    22,411

Overnight facility4

    21,242

+      829

+    3,988

    22,411

U.S. Treasury securities

    20,111

+      692

+    3,390

    21,302

Federal agency debt securities

     1,131

+      136

+      598

     1,109

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, May 29, 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

        92

         4

         0

       321

         0

...

       418

U.S. Treasury securities2

Holdings

         1

         4

       308

   520,574

   875,579

   487,094

1,883,559

Weekly changes

         0

         0

         0

+        7

+    3,661

+    2,737

+    6,405

Federal agency debt securities3

Holdings

         0

     5,177

    21,631

    39,691

     2,044

     2,347

    70,890

Weekly changes

-    1,163

         0

         0

         0

         0

         0

-    1,163

Mortgage-backed securities4

Holdings

         0

         0

         1

         1

     2,692

1,162,240

1,164,934

Weekly changes

         0

         0

         0

         0

-       56

-   13,796

-   13,851

Asset-backed securities held by
TALF LLC5

         0

         0

         0

         0

         0

         0

         0

Repurchase agreements6

         0

         0

...

...

...

...

         0

Central bank liquidity swaps7

         0

     1,771

         0

         0

         0

         0

     1,771

Reverse repurchase agreements6

    88,177

         0

...

...

...

...

    88,177

Term deposits

         0

    10,496

         0

...

...

...

    10,496

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

May 29, 2013

Mortgage-backed securities held outright1

1,164,934

Commitments to buy mortgage-backed securities2

    80,845

Commitments to sell mortgage-backed securities2

         0

Cash and cash equivalents3

       141

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

May 29, 2013

Net portfolio holdings of Maiden Lane LLC1

     1,424

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 March 31, 2013. 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

May 29, 2013

Net portfolio holdings of Maiden Lane II LLC1

        64

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 March 31, 2013. 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

May 29, 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 March 31, 2013. 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

May 29, 2013

Asset-backed securities holdings1

         0

Other investments, net

       388

Net portfolio holdings of TALF LLC

       388

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
May 29, 2013

Change since

Wednesday

Wednesday

May 22, 2013

May 30, 2012

Assets

Gold certificate account

    11,037

         0

         0

Special drawing rights certificate account

     5,200

         0

         0

Coin

     1,966

-       35

-      176

Securities, unamortized premiums and discounts, repurchase agreements, and loans

3,318,900

-    8,887

+  581,992

Securities held outright1

3,119,382

-    8,610

+  517,706

U.S. Treasury securities

1,883,559

+    6,405

+  226,884

Bills2

         0

         0

-   18,423

Notes and bonds, nominal2

1,789,288

+    6,349

+  228,345

Notes and bonds, inflation-indexed2

    81,646

         0

+   13,992

Inflation compensation3

    12,624

+       55

+    2,969

Federal agency debt securities2

    70,890

-    1,163

-   22,362

Mortgage-backed securities4

1,164,934

-   13,851

+  313,184

Unamortized premiums on securities held outright5

   200,824

-      276

+   68,816

Unamortized discounts on securities held outright5

    -1,724

-       30

+      562

Repurchase agreements6

         0

         0

         0

Loans

       418

+       29

-    5,091

Net portfolio holdings of Maiden Lane LLC7

     1,424

-        5

-    2,454

Net portfolio holdings of Maiden Lane II LLC8

        64

         0

+       45

Net portfolio holdings of Maiden Lane III LLC9

        22

         0

-   15,235

Net portfolio holdings of TALF LLC10

       388

         0

-      453

Items in process of collection

(0)

       515

+       80

+      273

Bank premises

     2,304

+        2

-       65

Central bank liquidity swaps11

     1,771

-    5,506

-   20,397

Foreign currency denominated assets12

    23,238

+      321

-    1,887

Other assets13

    18,299

+      445

+      831

Total assets

(0)

3,385,128

-   13,585

+  542,474

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
May 29, 2013

Change since

Wednesday

Wednesday

May 22, 2013

May 30, 2012

Liabilities

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

1,149,335

+    4,079

+   81,185

Reverse repurchase agreements14

    88,177

+    1,484

-    5,349

Deposits

(0)

2,083,333

-   17,903

+  476,016

Term deposits held by depository institutions

    10,496

+   10,496

+    7,443

Other deposits held by depository institutions

2,022,589

+   47,411

+  496,501

U.S. Treasury, General Account

    14,298

-   10,908

-   53,297

Foreign official

    11,024

+       65

+   10,889

Other

(0)

    24,925

-   64,968

+   14,479

Deferred availability cash items

(0)

     1,627

+      460

+      293

Other liabilities and accrued dividends15

     7,451

-    1,706

-   10,218

Total liabilities

(0)

3,329,923

-   13,587

+  541,926

Capital accounts

Capital paid in

    27,602

         0

+      273

Surplus

    27,602

         0

+      273

Other capital accounts

         0

         0

         0

Total capital

    55,205

+        2

+      548

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.

Reflects the premium or discount, which is the difference between the purchase price and the face value of the securities that has not been amortized.  For U.S. Treasury and Federal agency debt securities, amortization is on a straight-line basis.  For mortgage-backed securities, amortization is on an effective-interest basis.

6.

Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.

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.

Revalued daily at current foreign currency exchange rates.

13.

Includes accrued interest, which represents the daily accumulation of interest earned, and other accounts receivable.

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.


9. Statement of Condition of Each Federal Reserve Bank, May 29, 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

       391

     3,925

       397

       512

       856

     1,421

       792

       310

       190

       309

       728

     1,206

Special drawing rights certificate acct.

     5,200

       196

     1,818

       210

       237

       412

       654

       424

       150

        90

       153

       282

       574

Coin

     1,966

        36

        92

       123

       133

       347

       182

       291

        25

        49

       158

       191

       339

Securities, unamortized premiums and discounts, repurchase agreements,
and loans

3,318,900

    86,777

1,840,556

    96,151

    84,751

   206,346

   220,446

   179,376

    53,404

    31,503

    62,791

   128,867

   327,932

Securities held outright1

3,119,382

    81,569

1,729,825

    90,382

    79,666

   193,966

   207,216

   168,560

    50,192

    29,600

    59,015

   121,133

   308,257

U.S. Treasury securities

1,883,559

    49,253

1,044,510

    54,575

    48,104

   117,121

   125,122

   101,781

    30,307

    17,873

    35,635

    73,143

   186,133

Bills2

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Notes and bonds3

1,883,559

    49,253

1,044,510

    54,575

    48,104

   117,121

   125,122

   101,781

    30,307

    17,873

    35,635

    73,143

   186,133

Federal agency debt securities2

    70,890

     1,854

    39,311

     2,054

     1,810

     4,408

     4,709

     3,831

     1,141

       673

     1,341

     2,753

     7,005

Mortgage-backed securities4

1,164,934

    30,462

   646,004

    33,753

    29,751

    72,437

    77,385

    62,949

    18,744

    11,054

    22,039

    45,237

   115,119

Unamortized premiums on securities held outright5

   200,824

     5,251

   111,365

     5,819

     5,129

    12,487

    13,340

    10,852

     3,231

     1,906

     3,799

     7,798

    19,845

Unamortized discounts on securities held outright5

    -1,724

       -45

      -956

       -50

       -44

      -107

      -115

       -93

       -28

       -16

       -33

       -67

      -170

Repurchase agreements6

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Loans

       418

         2

       321

         0

         0

         0

         4

        56

         9

        13

         9

         2

         0

Net portfolio holdings of Maiden

Lane LLC7

     1,424

         0

     1,424

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Net portfolio holdings of Maiden

Lane II LLC8

        64

         0

        64

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Net portfolio holdings of Maiden

Lane III LLC9

        22

         0

        22

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Net portfolio holdings of TALF LLC10

       388

         0

       388

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Items in process of collection

       515

         0

         0

         0

         0

         0

       514

         0

         0

         0

         0

         0

         0

Bank premises

     2,304

       120

       432

        72

       114

       229

       213

       202

       129

       102

       250

       236

       207

Central bank liquidity swaps11

     1,771

        87

       566

       137

       138

       372

       101

        50

        15

         7

        18

        28

       251

Foreign currency denominated assets12

    23,238

     1,142

     7,431

     1,797

     1,812

     4,879

     1,324

       663

       194

        97

       235

       369

     3,296

Other assets13

    18,299

       507

     9,645

       671

       477

     1,300

     1,227

       975

       316

       229

       362

       816

     1,774

Interdistrict settlement account

         0

-   14,291

+  194,909

-   18,132

-   13,772

-    8,165

-   31,731

-   33,084

-    9,733

-   10,425

-   18,788

-   31,094

-    5,693

Total assets

3,385,128

    74,964

2,061,272

    81,426

    74,401

   206,577

   194,350

   149,689

    44,809

    21,842

    45,489

   100,423

   329,886

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, May 29, 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

1,429,218

    46,091

   549,095

    46,076

    60,135

   107,365

   173,141

    94,194

    36,336

    23,246

    38,431

    99,322

   155,784

Less: Notes held by F.R. Banks

   279,883

    11,982

    88,742

     6,038

     8,601

    11,273

    31,402

    15,657

     3,677

     9,584

    12,362

    49,178

    31,386

Federal Reserve notes, net

1,149,335

    34,109

   460,353

    40,038

    51,534

    96,091

   141,740

    78,538

    32,659

    13,662

    26,069

    50,144

   124,398

Reverse repurchase agreements14

    88,177

     2,306

    48,898

     2,555

     2,252

     5,483

     5,858

     4,765

     1,419

       837

     1,668

     3,424

     8,714

Deposits

2,083,333

    35,666

1,531,671

    34,195

    15,927

    92,461

    41,513

    64,387

    10,072

     6,768

    16,995

    45,586

   188,092

Term deposits held by depository institutions

    10,496

        95

     6,891

       850

         0

        40

       705

       255

         0

        95

       210

       105

     1,250

Other deposits held by depository institutions

2,022,589

    35,538

1,474,818

    33,306

    15,923

    92,279

    40,797

    64,097

    10,072

     6,673

    16,784

    45,476

   186,827

U.S. Treasury, General Account

    14,298

         0

    14,298

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Foreign official

    11,024

         2

    10,997

         3

         3

         8

         2

         1

         0

         0

         0

         1

         6

Other

    24,925

        31

    24,667

        36

         0

       134

         9

        34

         0

         0

         1

         4

         9

Deferred availability cash items

     1,627

         0

         0

         0

         0

         0

     1,452

         0

         0

       175

         0

         0

         0

Interest on Federal Reserve notes due
to U.S. Treasury15

     1,551

        48

       782

        43

        59

       142

       110

        78

        23

        13

        28

        56

       170

Other liabilities and accrued
dividends16

     5,900

       239

     2,039

       306

       284

       734

       501

       409

       172

       153

       165

       295

       602

Total liabilities

3,329,923

    72,368

2,043,743

    77,136

    70,055

   194,912

   191,174

   148,176

    44,346

    21,608

    44,925

    99,505

   321,975

Capital

Capital paid in

    27,602

     1,298

     8,764

     2,145

     2,173

     5,833

     1,588

       756

       232

       117

       282

       459

     3,956

Surplus

    27,602

     1,298

     8,764

     2,145

     2,173

     5,833

     1,588

       756

       232

       117

       282

       459

     3,956

Other capital

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Total liabilities and capital

3,385,128

    74,964

2,061,272

    81,426

    74,401

   206,577

   194,350

   149,689

    44,809

    21,842

    45,489

   100,423

   329,886

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, May 29, 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.

Reflects the premium or discount, which is the difference between the purchase price and the face value of the securities that has not been amortized.  For U.S. Treasury and Federal agency debt securities, amortization is on a straight-line basis.  For mortgage-backed securities, amortization is on an effective-interest basis.

6.

Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.

7.

Refer to table 4 and the note on consolidation below.

8.

Refer to table 5 and the note on consolidation below.

9.

Refer to table 6 and the note on consolidation below.

10.

Refer to table 7 and the note on consolidation below.

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.

Revalued daily at current foreign currency exchange rates.

13.

Includes accrued interest, which represents the daily accumulation of interest earned, and other accounts receivable.

14.

Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.

15.

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.

16.

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

May 29, 2013

Federal Reserve notes outstanding

1,429,218

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

   279,883

Federal Reserve notes to be collateralized

1,149,335

Collateral held against Federal Reserve notes

1,149,335

Gold certificate account

    11,037

Special drawing rights certificate account

     5,200

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

1,133,098

Other assets pledged

         0

Memo:

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

3,119,382

Less: Face value of securities under reverse repurchase agreements

    78,204

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

3,041,178

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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