Federal Reserve Statistical Release, H.4.1, Factors Affecting Reserve Balances; title with eagle logo links to Statistical Release home page
Release Date: August 8, 2013
Release dates | Data Download Program (DDP) | About | Announcements | Technical Q&As
Current release  Other formats: Screen reader | ASCII | PDF (21 KB)
Try data download now image link
FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and     
Condition Statement of Federal Reserve Banks                                                   August 8, 2013


1. Factors Affecting Reserve Balances of Depository Institutions
Millions of dollars
Reserve Bank credit, related items, and                          Averages of daily figures         Wednesday  
reserve balances of depository institutions at             Week ended    Change from week ended   Aug 7, 2013 
Federal Reserve Banks                                      Aug 7, 2013 Jul 31, 2013  Aug 8, 2012              

Reserve Bank credit                                         3,534,531   +   10,320   +  726,864    3,542,151  
  Securities held outright (1)                              3,300,389   +    9,550   +  706,400    3,306,860  
    U.S. Treasury securities                                1,986,904   +    9,536   +  337,435    1,993,375  
      Bills (2)                                                     0            0            0            0  
      Notes and bonds, nominal (2)                          1,889,526   +    9,488   +  318,997    1,895,978  
      Notes and bonds, inflation-indexed (2)                   84,406            0   +   15,320       84,406  
      Inflation compensation (3)                               12,972   +       48   +    3,117       12,991  
    Federal agency debt securities (2)                         66,521            0   -   24,508       66,521  
    Mortgage-backed securities (4)                          1,246,964   +       14   +  393,474    1,246,964  
  Unamortized premiums on securities held outright (5)        203,896   -      335   +   58,774      203,894  
  Unamortized discounts on securities held outright (5)        -3,265   -      140   -    1,289       -3,322  
  Repurchase agreements (6)                                         0            0   -      261            0  
  Loans                                                           316   -       35   -    3,328          319  
    Primary credit                                                  7   -        4   +        5            6  
    Secondary credit                                                0            0            0            0  
    Seasonal credit                                               125   -        4   -        8          128  
    Term Asset-Backed Securities Loan Facility (7)                185   -       26   -    3,324          185  
    Other credit extensions                                         0            0            0            0  
  Net portfolio holdings of Maiden Lane LLC (8)                 1,489   +       64   -      596        1,490  
  Net portfolio holdings of Maiden Lane II LLC (9)                 64            0   +        3           64  
  Net portfolio holdings of Maiden Lane III LLC (10)               22            0   -    7,360           22  
  Net portfolio holdings of TALF LLC (11)                         247   -       21   -      601          195  
  Float                                                          -681   -       27   +       26         -238  
  Central bank liquidity swaps (12)                             1,479            0   -   28,543        1,479  
  Other Federal Reserve assets (13)                            30,575   +    1,264   +    3,639       31,388  
Foreign currency denominated assets (14)                       23,847   +        5   -    1,319       24,073  
Gold stock                                                     11,041            0            0       11,041  
Special drawing rights certificate account                      5,200            0            0        5,200  
Treasury currency outstanding (15)                             45,217   +       14   +      648       45,217  
                                                                                                              
Total factors supplying reserve funds                       3,619,836   +   10,338   +  726,193    3,627,682  

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                          Averages of daily figures         Wednesday  
reserve balances of depository institutions at             Week ended    Change from week ended   Aug 7, 2013 
Federal Reserve Banks                                      Aug 7, 2013 Jul 31, 2013  Aug 8, 2012              

Currency in circulation (15)                                 1,198,227   +    3,236   +   82,968    1,200,008 
Reverse repurchase agreements (16)                              91,827   +    2,557   -    1,271       93,140 
  Foreign official and international accounts                   91,505   +    2,235   -    1,593       90,880 
  Others                                                           323   +      323   +      323        2,260 
Treasury cash holdings                                             145   +        9   +       21          151 
Deposits with F.R. Banks, other than reserve balances           94,314   -   12,669   +   29,304      109,360 
  Term deposits held by depository institutions                 11,913            0   +    8,873       11,913 
  U.S. Treasury, General Account                                60,845   +      782   +   25,223       62,679 
  Foreign official                                              10,411   -       24   +    5,935       10,411 
  Other                                                         11,144   -   13,428   -   10,727       24,357 
Other liabilities and capital (17)                              63,882   +      287   -    3,072       64,041 
                                                                                                              
Total factors, other than reserve balances,               
    absorbing reserve funds                                  1,448,396   -    6,579   +  107,951    1,466,700 
                                                                                                              
Reserve balances with Federal Reserve Banks                  2,171,441   +   16,919   +  618,242    2,160,982 

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  
                                                           Week ended    Change from week ended   Aug 7, 2013 
                                                           Aug 7, 2013 Jul 31, 2013  Aug 8, 2012              

Securities held in custody for foreign official and       
     international accounts                                  3,268,591   +    3,866   +  135,597    3,268,411 
  Marketable U.S. Treasury securities (1)                    2,924,292   +    6,305   +  160,549    2,923,399 
  Federal agency debt and mortgage-backed securities (2)       307,042   -    2,673   -   24,141      307,738 
  Other securities (3)                                          37,257   +      234   -      810       37,274 
Securities lent to dealers                                       8,610   -      433   -    2,292        9,353 
  Overnight facility (4)                                         8,610   -      433   -    2,292        9,353 
    U.S. Treasury securities                                     7,839   -      368   -    2,405        8,572 
    Federal agency debt securities                                 771   -       65   +      113          781 

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, August 7, 2013      

Millions of dollars
Remaining Maturity                     Within 15     16 days to    91 days to   Over 1 year   Over 5 year     Over 10         All      
                                          days        90 days        1 year      to 5 years   to 10 years      years                   

Loans (1)                                       45            89            16           168             0           ...           319 
U.S. Treasury securities (2)                                                                                                           
  Holdings                                       0             4           381       599,758       874,709       518,522     1,993,375 
  Weekly changes                                 0    +        1    -        1    +    4,340    +    5,095    +    1,532    +   10,968 
Federal agency debt securities (3)                                                                                                     
  Holdings                                     808         6,633        16,953        39,718            62         2,347        66,521 
  Weekly changes                                 0             0             0             0             0             0             0 
Mortgage-backed securities (4)                                                                                                         
  Holdings                                       0             0             0             2         2,569     1,244,393     1,246,964 
  Weekly changes                                 0             0             0    +        1    +        5    -        6             0 
Asset-backed securities held by      
  TALF LLC (5)                                   0             0             0             0             0             0             0 
Repurchase agreements (6)                        0             0           ...           ...           ...           ...             0 
Central bank liquidity swaps (7)             1,293           186             0             0             0             0         1,479 
                                                                                                                                       
Reverse repurchase agreements (6)           93,140             0           ...           ...           ...           ...        93,140 
Term deposits                               11,913             0             0           ...           ...           ...        11,913 

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   
                                                                                                                       Aug 7, 2013  

Mortgage-backed securities held outright (1)                                                                             1,246,964  
                                                                                                                                    
Commitments to buy mortgage-backed securities (2)                                                                          104,272  
Commitments to sell mortgage-backed securities (2)                                                                               0  
                                                                                                                                    
Cash and cash equivalents (3)                                                                                                   12  



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   
                                                                                                                       Aug 7, 2013  

Net portfolio holdings of Maiden Lane LLC (1)                                                                                1,490  
                                                                                                                                    
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                        0  
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                             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 June 30, 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   
                                                                                                                       Aug 7, 2013  

Net portfolio holdings of Maiden Lane II LLC (1)                                                                                64  
                                                                                                                                    
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                        0  
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                             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 June 30, 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   
                                                                                                                       Aug 7, 2013  

Net portfolio holdings of Maiden Lane III LLC (1)                                                                               22  
                                                                                                                                    
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                        0  
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                             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 June 30, 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   
                                                                                                                       Aug 7, 2013  

Asset-backed securities holdings (1)                                                                                             0  
Other investments, net                                                                                                         195  
Net portfolio holdings of TALF LLC                                                                                             195  
                                                                                                                                    
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                        0  
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                             0  
Funding provided by U.S. Treasury to TALF LLC, including accrued interest payable (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.         
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) extended loans with a term of up to five years to
holders of eligible asset-backed securities. The Federal Reserve closed the TALF for new loan extensions in 2010.
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.                                     

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. Prior to January 15, 2013, the U.S. Treasury's
Troubled Asset Relief Program (TARP) committed backup funding to TALF LLC, providing credit protection to the
FRBNY. However, the accumulated fees and income collected through the TALF and held by TALF LLC now exceed the
remaining amount of TALF loans outstanding. Accordingly, the TARP credit protection commitment has been
terminated, and TALF LLC has begun to distribute excess proceeds to the Treasury and the FRBNY. 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     Wednesday         Change since       
                                                             from        Aug 7, 2013   Wednesday    Wednesday  
                                                        consolidation                Jul 31, 2013  Aug 8, 2012 

Assets                                                                                                         
  Gold certificate account                                                   11,037            0            0  
  Special drawing rights certificate account                                  5,200            0            0  
  Coin                                                                        1,981   +       12   -      150  
  Securities, unamortized premiums and discounts,     
     repurchase agreements, and loans                                     3,507,751   +   10,661   +  763,199  
    Securities held outright (1)                                          3,306,860   +   10,968   +  709,922  
      U.S. Treasury securities                                            1,993,375   +   10,968   +  340,959  
        Bills (2)                                                                 0            0            0  
        Notes and bonds, nominal (2)                                      1,895,978   +   10,915   +  322,494  
        Notes and bonds, inflation-indexed (2)                               84,406            0   +   15,320  
        Inflation compensation (3)                                           12,991   +       53   +    3,145  
      Federal agency debt securities (2)                                     66,521            0   -   24,508  
      Mortgage-backed securities (4)                                      1,246,964            0   +  393,471  
    Unamortized premiums on securities held outright  
    (5)                                                                     203,894   -      207   +   58,537  
    Unamortized discounts on securities held outright 
    (5)                                                                      -3,322   -      100   -    1,347  
    Repurchase agreements (6)                                                     0            0   -      600  
    Loans                                                                       319   -        1   -    3,312  
  Net portfolio holdings of Maiden Lane LLC (7)                               1,490   +        2   -      595  
  Net portfolio holdings of Maiden Lane II LLC (8)                               64            0   +        3  
  Net portfolio holdings of Maiden Lane III LLC (9)                              22            0   -    7,389  
  Net portfolio holdings of TALF LLC (10)                                       195   -       73   -      653  
  Items in process of collection                                   (0)          680   +      575   +      622  
  Bank premises                                                               2,289   -        7   -       64  
  Central bank liquidity swaps (11)                                           1,479            0   -   28,543  
  Foreign currency denominated assets (12)                                   24,073   +      201   -    1,093  
  Other assets (13)                                                          29,100   +    2,195   +    3,843  
                                                                                                               
Total assets                                                       (0)    3,585,359   +   13,562   +  729,178  

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     Wednesday         Change since       
                                                             from        Aug 7, 2013   Wednesday    Wednesday  
                                                        consolidation                Jul 31, 2013  Aug 8, 2012 

Liabilities                                                                                                    
  Federal Reserve notes, net of F.R. Bank holdings                         1,156,918   +    2,596   +   82,394 
  Reverse repurchase agreements (14)                                          93,140   +    2,055   +    1,635 
  Deposits                                                          (0)    2,270,342   +    7,782   +  646,925 
    Term deposits held by depository institutions                             11,913            0   +    8,873 
    Other deposits held by depository institutions                         2,160,982   +   40,139   +  600,761 
    U.S. Treasury, General Account                                            62,679   -   47,014   +   36,566 
    Foreign official                                                          10,411   -       70   +    5,327 
    Other                                                           (0)       24,357   +   14,727   -    4,603 
  Deferred availability cash items                                  (0)          918   -        3   +       22 
  Other liabilities and accrued dividends (15)                                 9,015   +    1,131   -    2,133 
                                                                                                               
Total liabilities                                                   (0)    3,530,333   +   13,560   +  728,843 
                                                                                                               
Capital accounts                                                                                               
  Capital paid in                                                             27,513   +        1   +      167 
  Surplus                                                                     27,513   +        1   +      167 
  Other capital accounts                                                           0            0            0 
                                                                                                               
Total capital                                                                 55,026   +        2   +      335 

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, August 7, 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                                             1,981          34          85          124         137         342         195         288          29          48         160         192         348
  Securities, unamortized premiums and      
     discounts, repurchase agreements,      
     and loans                                 3,507,751      91,716   1,945,204      101,626      89,576     218,095     233,013     189,554      56,456      33,321      66,374     136,210     346,604
    Securities held outright (1)               3,306,860      86,471   1,833,789       95,814      84,454     205,623     219,670     178,691      53,208      31,380      62,562     128,413     326,784
      U.S. Treasury securities                 1,993,375      52,125   1,105,408       57,757      50,909     123,950     132,417     107,715      32,074      18,916      37,712      77,408     196,985
        Bills (2)                                      0           0           0            0           0           0           0           0           0           0           0           0           0
        Notes and bonds (3)                    1,993,375      52,125   1,105,408       57,757      50,909     123,950     132,417     107,715      32,074      18,916      37,712      77,408     196,985
      Federal agency debt securities (2)          66,521       1,739      36,889        1,927       1,699       4,136       4,419       3,595       1,070         631       1,259       2,583       6,574
      Mortgage-backed securities (4)           1,246,964      32,607     691,493       36,130      31,846      77,537      82,834      67,382      20,064      11,833      23,591      48,423     123,225
    Unamortized premiums on securities held 
      outright (5)                               203,894       5,332     113,068        5,908       5,207      12,678      13,544      11,018       3,281       1,935       3,857       7,918      20,149
    Unamortized discounts on securities     
      held outright (5)                           -3,322         -87      -1,842          -96         -85        -207        -221        -180         -53         -32         -63        -129        -328
    Repurchase agreements (6)                          0           0           0            0           0           0           0           0           0           0           0           0           0
    Loans                                            319           0         189            1           0           0          19          25          21          38          18           8           0
  Net portfolio holdings of Maiden                                                                                                                                                                       
     Lane LLC (7)                                  1,490           0       1,490            0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of Maiden                                                                                                                                                                       
     Lane II LLC (8)                                  64           0          64            0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of Maiden                                                                                                                                                                       
     Lane III LLC (9)                                 22           0          22            0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of TALF LLC (10)            195           0         195            0           0           0           0           0           0           0           0           0           0
  Items in process of collection                     680           0           0            0           0           0         679           0           0           0           0           0           0
  Bank premises                                    2,289         119         428           72         112         229         212         200         128         101         249         234         205
  Central bank liquidity swaps (11)                1,479          73         473          114         115         311          84          42          12           6          15          23         210
  Foreign currency denominated assets (12)        24,073       1,183       7,698        1,862       1,877       5,055       1,371         686         201         101         244         382       3,414
  Other assets (13)                               29,100         797      15,712          853         760       1,997       1,958       1,571         519         342         574       1,167       2,849
  Interdistrict settlement account                     0  -   28,122  +  256,328   -   30,608  -   16,847  -   12,705  -   43,049  -   49,299  -   13,908  -   14,111  -   21,650  -   35,120  +    9,091
                                                                                                                                                                                                         
Total assets                                   3,585,359      66,386   2,233,441       74,649      76,481     214,592     196,538     144,259      43,896      20,088      46,429     104,098     364,501

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, August 7, 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            1,480,168      46,364     551,787      45,742      61,435     111,915     181,133      96,071      37,236      23,495      39,625     117,644     167,722
    Less: Notes held by F.R. Banks               323,250      13,099      91,730       8,978       9,692      14,136      34,835      22,369       4,727      11,014      13,425      61,766      37,478
      Federal Reserve notes, net               1,156,918      33,264     460,057      36,764      51,743      97,778     146,298      73,702      32,509      12,481      26,200      55,878     130,244
  Reverse repurchase agreements (14)              93,140       2,436      51,650       2,699       2,379       5,792       6,187       5,033       1,499         884       1,762       3,617       9,204
  Deposits                                     2,270,342      27,856   1,699,011      30,683      17,737      98,820      39,531      63,582       9,240       6,226      17,734      43,373     216,548
    Term deposits held by depository        
        institutions                              11,913           5       8,010         800           0       1,045         700         128           0          70         150           5       1,000
    Other deposits held by depository       
        institutions                           2,160,982      27,848   1,594,001      29,849      17,731      97,441      38,819      63,417       9,240       6,156      17,582      43,366     215,532
    U.S. Treasury, General Account                62,679           0      62,679           0           0           0           0           0           0           0           0           0           0
    Foreign official                              10,411           2      10,384           3           3           8           2           1           0           0           0           1           6
    Other                                         24,357           0      23,938          31           4         325          10          35           0           0           1           2          10
  Deferred availability cash items                   918           0           0           0           0           0         805           0           0         112           0           0           0
  Interest on Federal Reserve notes due     
     to U.S. Treasury (15)                         1,907          52       1,029          67          56         143         123         101          28          16          33          67         192
  Other liabilities and accrued             
     dividends (16)                                7,108         181       4,148         211         214         538         400         328         157         136         137         242         417
                                                                                                                                                                                                        
Total liabilities                              3,530,333      63,789   2,215,895      70,424      72,129     203,070     193,344     142,746      43,432      19,855      45,866     103,177     356,604
                                                                                                                                                                                                        
Capital                                                                                                                                                                                                 
  Capital paid in                                 27,513       1,299       8,773       2,113       2,176       5,761       1,597         756         232         117         281         461       3,949
  Surplus                                         27,513       1,299       8,773       2,113       2,176       5,761       1,597         756         232         117         281         461       3,949
  Other capital                                        0           0           0           0           0           0           0           0           0           0           0           0           0
                                                                                                                                                                                                        
Total liabilities and capital                  3,585,359      66,386   2,233,441      74,649      76,481     214,592     196,538     144,259      43,896      20,088      46,429     104,098     364,501

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, August 7, 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   
                                                                                           Aug 7, 2013  

Federal Reserve notes outstanding                                                            1,480,168  
  Less: Notes held by F.R. Banks not subject to collateralization                              323,250  
    Federal Reserve notes to be collateralized                                               1,156,918  
Collateral held against Federal Reserve notes                                                1,156,918  
  Gold certificate account                                                                      11,037  
  Special drawing rights certificate account                                                     5,200  
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   1,140,681  
  Other assets pledged                                                                               0  
Memo:                                                                                                   
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                       3,306,860  
  Less: Face value of securities under reverse repurchase agreements                            81,030  
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged        3,225,830  

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.                                                                                                 


Release dates | Data Download Program (DDP) | About | Announcements | Technical Q&As
Current release  Other formats: Screen reader | ASCII | PDF (21 KB)

Statistical releases