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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

June 6, 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
Jun 5, 2013

Week ended
Jun 5, 2013

Change from week ended

May 29, 2013

Jun 6, 2012

Reserve Bank credit

3,349,794

-    2,899

+  546,411

3,357,440

Securities held outright1

3,126,902

-    1,856

+  520,510

3,133,890

U.S. Treasury securities

1,891,037

+    9,259

+  229,651

1,898,010

Bills2

         0

         0

-   18,423

         0

Notes and bonds, nominal2

1,796,758

+    9,233

+  231,149

1,803,740

Notes and bonds, inflation-indexed2

    81,646

         0

+   13,992

    81,646

Inflation compensation3

    12,633

+       26

+    2,933

    12,624

Federal agency debt securities2

    70,890

-      997

-   22,362

    70,890

Mortgage-backed securities4

1,164,975

-   10,118

+  313,221

1,164,991

Unamortized premiums on securities held outright5

   200,933

-       77

+   68,162

   200,922

Unamortized discounts on securities held outright5

    -1,801

-       79

+      479

    -1,902

Repurchase agreements6

         0

         0

         0

         0

Loans

       325

-       57

-    5,144

       327

Primary credit

         8

-        2

-        3

         8

Secondary credit

         0

         0

         0

         0

Seasonal credit

        47

-        4

+       12

        49

Term Asset-Backed Securities Loan Facility7

       271

-       50

-    5,153

       271

Other credit extensions

         0

         0

         0

         0

Net portfolio holdings of Maiden Lane LLC8

     1,424

-        4

-    2,455

     1,424

Net portfolio holdings of Maiden Lane II LLC9

        64

         0

+       45

        64

Net portfolio holdings of Maiden Lane III LLC10

        22

         0

-   15,241

        22

Net portfolio holdings of TALF LLC11

       388

         0

-      453

       388

Float

      -815

-      152

-       39

      -893

Central bank liquidity swaps12

     1,771

         0

-   20,511

     1,771

Other Federal Reserve assets13

    20,582

-      672

+    1,059

    21,426

Foreign currency denominated assets14

    23,433

+      250

-    1,808

    23,558

Gold stock

    11,041

         0

         0

    11,041

Special drawing rights certificate account

     5,200

         0

         0

     5,200

Treasury currency outstanding15

    45,094

+       14

+      614

    45,094

Total factors supplying reserve funds

3,434,562

-    2,634

+  545,217

3,442,333

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
Jun 5, 2013

Week ended
Jun 5, 2013

Change from week ended

May 29, 2013

Jun 6, 2012

Currency in circulation15

1,190,702

-       30

+   81,403

1,190,513

Reverse repurchase agreements16

    94,943

+    8,368

+    2,314

    94,279

Foreign official and international accounts

    94,943

+    8,368

+    2,314

    94,279

Others

         0

         0

         0

         0

Treasury cash holdings

       150

-        2

+        4

       137

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

    66,912

-   49,220

-   19,735

    68,529

Term deposits held by depository institutions

    10,496

         0

+    7,443

    10,496

U.S. Treasury, General Account

    30,230

+   16,728

-   30,533

    41,025

Foreign official

    11,194

+      163

+   11,063

    11,182

Service-related

         0

         0

-    1,902

         0

Required clearing balances

         0

         0

-    1,902

         0

Adjustments to compensate for float

         0

         0

         0

         0

Other

    14,991

-   66,111

-    5,807

     5,825

Other liabilities and capital17

    63,273

-    1,132

-    9,876

    62,618

Total factors, other than reserve balances,
absorbing reserve funds

1,415,980

-   42,016

+   54,110

1,416,076

Reserve balances with Federal Reserve Banks

2,018,582

+   39,382

+  491,108

2,026,257

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
Jun 5, 2013

Week ended
Jun 5, 2013

Change from week ended

May 29, 2013

Jun 6, 2012

Securities held in custody for foreign official and international accounts

3,312,395

-    2,464

+  188,552

3,308,709

Marketable U.S. Treasury securities1

2,971,892

-      225

+  252,843

2,968,252

Federal agency debt and mortgage-backed securities2

   302,461

-    2,058

-   64,384

   302,347

Other securities3

    38,042

-      181

+       94

    38,110

Securities lent to dealers

    19,331

-    1,911

+    4,255

    17,329

Overnight facility4

    19,331

-    1,911

+    4,255

    17,329

U.S. Treasury securities

    18,294

-    1,817

+    3,847

    16,505

Federal agency debt securities

     1,036

-       95

+      407

       824

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, June 5, 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

        21

        36

         0

       271

         0

...

       327

U.S. Treasury securities2

Holdings

         1

         4

       343

   544,480

   863,091

   490,091

1,898,010

Weekly changes

         0

         0

+       35

+   23,906

-   12,488

+    2,997

+   14,451

Federal agency debt securities3

Holdings

       232

     4,945

    21,631

    39,691

     2,044

     2,347

    70,890

Weekly changes

+      232

-      232

         0

         0

         0

         0

         0

Mortgage-backed securities4

Holdings

         0

         0

         0

         1

     2,702

1,162,287

1,164,991

Weekly changes

         0

         0

-        1

         0

+       10

+       47

+       57

Asset-backed securities held by
TALF LLC5

         0

         0

         0

         0

         0

         0

         0

Repurchase agreements6

         0

         0

...

...

...

...

         0

Central bank liquidity swaps7

       451

     1,320

         0

         0

         0

         0

     1,771

Reverse repurchase agreements6

    94,279

         0

...

...

...

...

    94,279

Term deposits

    10,496

         0

         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

Jun 5, 2013

Mortgage-backed securities held outright1

1,164,991

Commitments to buy mortgage-backed securities2

    96,688

Commitments to sell mortgage-backed securities2

         0

Cash and cash equivalents3

        68

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

Jun 5, 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

Jun 5, 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

Jun 5, 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

Jun 5, 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
Jun 5, 2013

Change since

Wednesday

Wednesday

May 29, 2013

Jun 6, 2012

Assets

Gold certificate account

    11,037

         0

         0

Special drawing rights certificate account

     5,200

         0

         0

Coin

     1,968

+        2

-      167

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

3,333,238

+   14,338

+  587,606

Securities held outright1

3,133,890

+   14,508

+  524,587

U.S. Treasury securities

1,898,010

+   14,451

+  233,718

Bills2

         0

         0

-   18,423

Notes and bonds, nominal2

1,803,740

+   14,452

+  235,245

Notes and bonds, inflation-indexed2

    81,646

         0

+   13,992

Inflation compensation3

    12,624

         0

+    2,904

Federal agency debt securities2

    70,890

         0

-   22,362

Mortgage-backed securities4

1,164,991

+       57

+  313,232

Unamortized premiums on securities held outright5

   200,922

+       98

+   67,796

Unamortized discounts on securities held outright5

    -1,902

-      178

+      366

Repurchase agreements6

         0

         0

         0

Loans

       327

-       91

-    5,144

Net portfolio holdings of Maiden Lane LLC7

     1,424

         0

-    2,459

Net portfolio holdings of Maiden Lane II LLC8

        64

         0

+       45

Net portfolio holdings of Maiden Lane III LLC9

        22

         0

-   15,275

Net portfolio holdings of TALF LLC10

       388

         0

-      453

Items in process of collection

(0)

        87

-      428

-      110

Bank premises

     2,297

-        7

-       64

Central bank liquidity swaps11

     1,771

         0

-   20,497

Foreign currency denominated assets12

    23,558

+      320

-    1,668

Other assets13

    19,129

+      830

+    1,206

Total assets

(0)

3,400,183

+   15,055

+  548,165

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
Jun 5, 2013

Change since

Wednesday

Wednesday

May 29, 2013

Jun 6, 2012

Liabilities

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

1,147,520

-    1,815

+   79,695

Reverse repurchase agreements14

    94,279

+    6,102

+    5,418

Deposits

(0)

2,094,786

+   11,453

+  473,141

Term deposits held by depository institutions

    10,496

         0

+    7,443

Other deposits held by depository institutions

2,026,257

+    3,668

+  479,396

U.S. Treasury, General Account

    41,025

+   26,727

-   13,015

Foreign official

    11,182

+      158

+   11,053

Other

(0)

     5,825

-   19,100

-   11,736

Deferred availability cash items

(0)

       980

-      647

-      164

Other liabilities and accrued dividends15

     7,600

+      149

-   10,245

Total liabilities

(0)

3,345,164

+   15,241

+  547,845

Capital accounts

Capital paid in

    27,509

-       93

+      159

Surplus

    27,509

-       93

+      159

Other capital accounts

         0

         0

         0

Total capital

    55,018

-      187

+      319

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, June 5, 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

     1,968

        35

        89

       122

       132

       347

       183

       296

        24

        51

       158

       192

       339

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

3,333,238

    87,156

1,848,508

    96,569

    85,119

   207,244

   221,404

   180,109

    53,636

    31,640

    63,066

   129,427

   329,360

Securities held outright1

3,133,890

    81,948

1,737,871

    90,802

    80,036

   194,868

   208,180

   169,344

    50,425

    29,738

    59,290

   121,697

   309,691

U.S. Treasury securities

1,898,010

    49,631

1,052,524

    54,993

    48,473

   118,020

   126,082

   102,562

    30,540

    18,011

    35,908

    73,704

   187,561

Bills2

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Notes and bonds3

1,898,010

    49,631

1,052,524

    54,993

    48,473

   118,020

   126,082

   102,562

    30,540

    18,011

    35,908

    73,704

   187,561

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

1,164,991

    30,463

   646,035

    33,755

    29,753

    72,440

    77,389

    62,952

    18,745

    11,055

    22,040

    45,239

   115,124

Unamortized premiums on securities held outright5

   200,922

     5,254

   111,419

     5,822

     5,131

    12,493

    13,347

    10,857

     3,233

     1,907

     3,801

     7,802

    19,855

Unamortized discounts on securities held outright5

    -1,902

       -50

    -1,055

       -55

       -49

      -118

      -126

      -103

       -31

       -18

       -36

       -74

      -188

Repurchase agreements6

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Loans

       327

         4

       273

         0

         0

         1

         3

        11

         9

        13

        11

         2

         2

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

        87

         0

         0

         0

         0

         0

        86

         0

         0

         0

         0

         0

         0

Bank premises

     2,297

       120

       429

        71

       113

       229

       212

       201

       129

       101

       250

       235

       206

Central bank liquidity swaps11

     1,771

        87

       566

       137

       138

       372

       101

        50

        15

         7

        18

        28

       251

Foreign currency denominated assets12

    23,558

     1,158

     7,533

     1,822

     1,837

     4,947

     1,342

       672

       196

        99

       238

       374

     3,341

Other assets13

    19,129

       529

    10,137

       690

       500

     1,360

     1,296

     1,029

       339

       241

       380

       766

     1,862

Interdistrict settlement account

         0

-   20,425

+  176,318

-   15,391

-   14,637

-    9,209

-   28,184

-   35,947

-    8,657

-   10,673

-   17,370

-   32,258

+   16,434

Total assets

3,400,183

    69,247

2,051,221

    84,628

    73,952

   206,558

   198,515

   147,625

    46,142

    21,746

    47,202

    99,772

   353,574

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, June 5, 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

1,437,587

    46,254

   553,469

    46,034

    60,197

   108,209

   174,831

    94,385

    36,389

    23,407

    38,755

    99,549

   156,110

Less: Notes held by F.R. Banks

   290,067

    12,191

    93,300

     6,521

     8,994

    11,839

    32,027

    16,704

     3,792

     9,990

    12,735

    49,682

    32,293

Federal Reserve notes, net

1,147,520

    34,063

   460,169

    39,512

    51,204

    96,370

   142,804

    77,681

    32,597

    13,417

    26,021

    49,867

   123,816

Reverse repurchase agreements14

    94,279

     2,465

    52,282

     2,732

     2,408

     5,862

     6,263

     5,094

     1,517

       895

     1,784

     3,661

     9,317

Deposits

2,094,786

    29,904

1,517,226

    37,837

    15,721

    92,024

    44,956

    62,987

    11,404

     6,951

    18,691

    45,074

   212,010

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

2,026,257

    29,807

1,452,603

    36,946

    15,718

    91,797

    44,240

    62,694

    11,404

     6,856

    18,480

    44,968

   210,745

U.S. Treasury, General Account

    41,025

         0

    41,025

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Foreign official

    11,182

         2

    11,155

         3

         3

         8

         2

         1

         0

         0

         0

         1

         6

Other

     5,825

         0

     5,552

        37

         0

       179

         9

        37

         0

         0

         1

         1

         9

Deferred availability cash items

       980

         0

         0

         0

         0

         0

       866

         0

         0

       113

         0

         0

         0

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

     1,970

        53

       984

       118

        56

       225

       119

        91

        26

        13

        31

        67

       187

Other liabilities and accrued
dividends16

     5,630

       165

     3,027

       205

       217

       546

       322

       260

       135

       122

       112

       185

       333

Total liabilities

3,345,164

    66,651

2,033,689

    80,403

    69,605

   195,027

   195,330

   146,113

    45,679

    21,512

    46,638

    98,854

   345,663

Capital

Capital paid in

    27,509

     1,298

     8,766

     2,113

     2,173

     5,765

     1,592

       756

       232

       117

       282

       459

     3,956

Surplus

    27,509

     1,298

     8,766

     2,113

     2,173

     5,765

     1,592

       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

3,400,183

    69,247

2,051,221

    84,628

    73,952

   206,558

   198,515

   147,625

    46,142

    21,746

    47,202

    99,772

   353,574

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, June 5, 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

Jun 5, 2013

Federal Reserve notes outstanding

1,437,587

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

   290,067

Federal Reserve notes to be collateralized

1,147,520

Collateral held against Federal Reserve notes

1,147,520

Gold certificate account

    11,037

Special drawing rights certificate account

     5,200

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

1,131,283

Other assets pledged

         0

Memo:

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

3,133,890

Less: Face value of securities under reverse repurchase agreements

    84,473

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

3,049,418

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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