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Release Date: December 20, 2012
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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 December 20, 2012
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 Dec 19, 2012
Federal Reserve Banks Dec 19, 2012 Dec 12, 2012 Dec 21, 2011
Reserve Bank credit 2,899,710 + 41,260 + 14,772 2,902,423
Securities held outright (1) 2,668,946 + 38,039 + 40,286 2,671,525
U.S. Treasury securities 1,659,699 - 1,821 - 14,138 1,658,851
Bills (2) 0 0 - 18,423 0
Notes and bonds, nominal (2) 1,574,011 - 3,088 - 3,269 1,573,166
Notes and bonds, inflation-indexed (2) 74,740 + 1,197 + 6,272 74,740
Inflation compensation (3) 10,948 + 70 + 1,281 10,945
Federal agency debt securities (2) 79,283 0 - 25,413 79,283
Mortgage-backed securities (4) 929,964 + 39,860 + 79,837 933,391
Repurchase agreements (5) 0 0 0 0
Loans 839 - 86 - 8,709 864
Primary credit 12 + 7 - 1 34
Secondary credit 0 0 0 0
Seasonal credit 23 + 2 - 3 26
Term Asset-Backed Securities Loan Facility (6) 803 - 96 - 8,706 803
Other credit extensions 0 0 0 0
Net portfolio holdings of Maiden Lane LLC (7) 1,433 - 1 - 5,781 1,431
Net portfolio holdings of Maiden Lane II LLC (8) 61 0 - 9,178 61
Net portfolio holdings of Maiden Lane III LLC (9) 22 0 - 17,699 22
Net portfolio holdings of TALF LLC (10) 856 0 + 52 856
Float -764 + 14 + 105 -857
Central bank liquidity swaps (11) 11,549 - 819 - 51,050 11,549
Other Federal Reserve assets (12) 216,768 + 4,113 + 66,747 216,973
Gold stock 11,041 0 0 11,041
Special drawing rights certificate account 5,200 0 0 5,200
Treasury currency outstanding (13) 44,789 + 14 + 600 44,789
Total factors supplying reserve funds 2,960,740 + 41,273 + 15,372 2,963,454
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 Dec 19, 2012
Federal Reserve Banks Dec 19, 2012 Dec 12, 2012 Dec 21, 2011
Currency in circulation (13) 1,156,752 + 1,973 + 90,303 1,159,983
Reverse repurchase agreements (14) 104,182 + 5,896 + 16,955 100,964
Foreign official and international accounts 104,182 + 6,218 + 16,955 100,964
Others 0 - 321 0 0
Treasury cash holdings 144 0 + 28 148
Deposits with F.R. Banks, other than reserve balances 113,901 + 37,730 - 95,212 151,988
Term deposits held by depository institutions 0 0 0 0
U.S. Treasury, General Account 54,986 + 16,006 - 57,418 75,017
Foreign official 6,007 + 52 + 5,817 6,000
Service-related 0 0 - 2,489 0
Required clearing balances 0 0 - 2,489 0
Adjustments to compensate for float 0 0 0 0
Other 52,908 + 21,672 - 41,122 70,971
Other liabilities and capital (15) 68,542 - 1,328 - 3,960 67,673
Total factors, other than reserve balances,
absorbing reserve funds 1,443,521 + 44,271 + 8,114 1,480,756
Reserve balances with Federal Reserve Banks 1,517,220 - 2,997 + 7,259 1,482,698
Note: Components may not sum to totals because of rounding.
1. Includes securities lent to dealers under the overnight securities lending facility; refer to table
1A.
2. Face value of the securities.
3. Compensation that adjusts for the effect of inflation on the original face value of
inflation-indexed securities.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which
is the remaining principal balance of the underlying mortgages.
5. Cash value of agreements.
6. Includes credit extended by the Federal Reserve Bank of New York to eligible borrowers through the
Term Asset-Backed Securities Loan Facility.
7. Refer to table 4 and the note on consolidation accompanying table 9.
8. Refer to table 5 and the note on consolidation accompanying table 9.
9. Refer to table 6 and the note on consolidation accompanying table 9.
10. Refer to table 7 and the note on consolidation accompanying table 9.
11. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used
when the foreign currency is returned to the foreign central bank. This exchange rate equals the
market exchange rate used when the foreign currency was acquired from the foreign central bank.
12. Includes other assets denominated in foreign currencies, which are revalued daily at market
exchange rates, and the fair value adjustment to credit extended by the FRBNY to eligible borrowers through
the Term Asset-Backed Securities Loan Facility.
13. Estimated.
14. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt
securities, and mortgage-backed securities.
15. Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC
to entities other than the Federal Reserve Bank of New York, including liabilities that have recourse
only to the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note on
consolidation accompanying table 9. Also includes the liability for interest on Federal Reserve notes due
to U.S. Treasury. Refer to table 8 and table 9.
Sources: Federal Reserve Banks and the U.S. Department of the Treasury.
1A. Memorandum Items
Millions of dollars
Memorandum item Averages of daily figures Wednesday
Week ended Change from week ended Dec 19, 2012
Dec 19, 2012 Dec 12, 2012 Dec 21, 2011
Securities held in custody for foreign official and
international accounts 3,230,279 + 15,358 + 155,211 3,233,938
Marketable U.S. Treasury securities (1) 2,878,361 + 17,113 + 241,429 2,882,762
Federal agency debt and mortgage-backed securities (2) 316,009 - 1,935 - 87,379 315,201
Other securities (3) 35,909 + 180 + 1,161 35,975
Securities lent to dealers 5,881 - 26 - 8,920 6,949
Overnight facility (4) 5,881 - 26 - 8,920 6,949
U.S. Treasury securities 5,108 - 96 - 8,550 6,319
Federal agency debt securities 773 + 71 - 370 630
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, December 19, 2012
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) 61 291 0 512 0 ... 864
U.S. Treasury securities (2)
Holdings 382 4 16 372,692 866,018 419,739 1,658,851
Weekly changes + 382 - 382 + 1 - 15,187 + 9,561 + 3,670 - 1,956
Federal agency debt securities (3)
Holdings 2,500 3,951 15,611 52,830 2,044 2,347 79,283
Weekly changes 0 + 756 - 756 0 0 0 0
Mortgage-backed securities (4)
Holdings 0 0 3 1 2,280 931,107 933,391
Weekly changes 0 0 0 0 + 593 + 3,997 + 4,590
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) 4,402 7,147 0 0 0 0 11,549
Reverse repurchase agreements (6) 100,964 0 ... ... ... ... 100,964
Term deposits 0 0 0 ... ... ... 0
Note: Components may not sum to totals because of rounding.
...Not applicable.
1. Excludes the loans from the Federal Reserve Bank of New York (FRBNY) to Maiden Lane LLC, Maiden
Lane II LLC, Maiden Lane III LLC, and TALF LLC. The loans were eliminated when preparing the FRBNY's
statement of condition consistent with consolidation under generally accepted accounting principles.
2. Face value. For inflation-indexed securities, includes the original face value and compensation
that adjusts for the effect of inflation on the original face value of such securities.
3. Face value.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which
is the remaining principal balance of the underlying mortgages.
5. Face value of asset-backed securities held by TALF LLC, which is the remaining principal balance of
the underlying assets.
6. Cash value of agreements.
7. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used
when the foreign currency is returned to the foreign central bank. This exchange rate equals the
market exchange rate used when the foreign currency was acquired from the foreign central bank.
3. Supplemental Information on Mortgage-Backed Securities
Millions of dollars
Account name Wednesday
Dec 19, 2012
Mortgage-backed securities held outright (1) 933,391
Commitments to buy mortgage-backed securities (2) 106,260
Commitments to sell mortgage-backed securities (2) 0
Cash and cash equivalents (3) 0
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
Dec 19, 2012
Net portfolio holdings of Maiden Lane LLC (1) 1,431
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 September 30, 2012. Any assets purchased after this
valuation date are initially recorded at cost until their estimated fair value as of the purchase date
becomes available.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's
statement of condition consistent with consolidation under generally accepted accounting principles. Refer
to the note on consolidation accompanying table 9.
3. Book value. The fair value of these obligations is included in other liabilities and capital in
table 1 and in other liabilities and accrued dividends in table 8 and table 9.
Note: On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended credit to Maiden Lane LLC
under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to
acquire certain assets of Bear Stearns and to manage those assets through time to maximize repayment of the credit
extended and to minimize disruption to financial markets. Payments by Maiden Lane LLC from the proceeds of
the net portfolio holdings will be made in the following order: operating expenses of the LLC, principal due to
the FRBNY, interest due to the FRBNY, principal due to JPMorgan Chase & Co., and interest due to JPMorgan
Chase & Co. Any remaining funds will be paid to the FRBNY.
5. Information on Principal Accounts of Maiden Lane II LLC
Millions of dollars
Account name Wednesday
Dec 19, 2012
Net portfolio holdings of Maiden Lane II LLC (1) 61
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 September 30, 2012. Any assets purchased after this
valuation date are initially recorded at cost until their estimated fair value as of the purchase date
becomes available.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's
statement of condition consistent with consolidation under generally accepted accounting principles. Refer
to the note on consolidation accompanying table 9.
3. Book value. The deferred payment represents the portion of the proceeds of the net portfolio
holdings due to subsidiaries of American International Group, Inc. in accordance with the asset purchase
agreement. The fair value of this payment and accrued interest payable are included in other
liabilities and capital in table 1 and in other liabilities and accrued dividends in table 8 and table 9.
Note: On December 12, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden
Lane II LLC under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was
formed to purchase residential mortgage-backed securities from the U.S. securities lending reinvestment
portfolio of subsidiaries of American International Group, Inc. (AIG subsidiaries). Payments by Maiden Lane II LLC
from the proceeds of the net portfolio holdings will be made in the following order: operating expenses of
Maiden Lane II LLC, principal due to the FRBNY, interest due to the FRBNY, and deferred payment and interest due
to AIG subsidiaries. Any remaining funds will be shared by the FRBNY and AIG subsidiaries.
6. Information on Principal Accounts of Maiden Lane III LLC
Millions of dollars
Account name Wednesday
Dec 19, 2012
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 September 30, 2012. Any assets purchased after this
valuation date are initially recorded at cost until their estimated fair value as of the purchase date
becomes available.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's
statement of condition consistent with consolidation under generally accepted accounting principles. Refer
to the note on consolidation accompanying table 9.
3. Book value. The fair value of these obligations is included in other liabilities and capital in
table 1 and in other liabilities and accrued dividends in table 8 and table 9.
Note: On November 25, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden
Lane III LLC under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was
formed to purchase multi-sector collateralized debt obligations (CDOs) on which the Financial Products group
of American International Group, Inc. (AIG) has written credit default swap (CDS) contracts. In connection
with the purchase of CDOs, the CDS counterparties will concurrently unwind the related CDS transactions. Payments
by Maiden Lane III LLC from the proceeds of the net portfolio holdings will be made in the following order:
operating expenses of Maiden Lane III LLC, principal due to the FRBNY, interest due to the FRBNY, principal due
to AIG, and interest due to AIG. Any remaining funds will be shared by the FRBNY and AIG.
7. Information on Principal Accounts of TALF LLC
Millions of dollars
Account name Wednesday
Dec 19, 2012
Asset-backed securities holdings (1) 0
Other investments, net 856
Net portfolio holdings of TALF LLC 856
Outstanding principal amount of loan extended by the Federal Reserve Bank of New 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) 113
1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an
asset if the transaction were to be conducted in an orderly market on the measurement date.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's
statement of condition consistent with consolidation under generally accepted accounting principles. Refer
to the note on consolidation accompanying table 9.
3. Book value. The fair value of these obligations is included in other liabilities and capital in
table 1 and in other liabilities and accrued dividends in table 8 and table 9.
Note: On November 25, 2008, the Federal Reserve announced the creation of the Term Asset-Backed Securities
Loan Facility (TALF) under the authority of section 13(3) of the Federal Reserve Act. The TALF is a facility
under which the Federal Reserve Bank of New York (FRBNY) extends loans with a term of up to five years to
holders of eligible asset-backed securities. The TALF is intended to assist financial markets in accommodating the
credit needs of consumers and businesses by facilitating the issuance of asset-backed securities collateralized
by a variety of consumer and business loans. The loans provided through the TALF to eligible borrowers are
non-recourse, meaning that the obligation of the borrower can be discharged by surrendering the collateral to
the FRBNY. The loans are extended for the market value of the security less an amount known as a haircut. As a
result, the borrower bears the initial risk of a decline in the value of the security.
TALF LLC is a limited liability company formed to purchase and manage any asset-backed securities received
by the FRBNY in connection with the decision of a borrower not to repay a TALF loan. TALF LLC has committed,
for a fee, to purchase all asset-backed securities received by the FRBNY in conjunction with a TALF loan at a
price equal to the TALF loan plus accrued but unpaid interest. Losses on asset-backed securities held by TALF
LLC will be offset in the following order: by the commitment fees collected by TALF LLC, by the interest
received on investments of TALF LLC, by up to $1.4 billion in subordinated debt funding provided by the U.S.
Treasury, and finally, by senior debt funding provided by the FRBNY. Payments by TALF LLC from the proceeds of its net
portfolio holdings will be made in the following order: operating expenses of TALF LLC, principal due to the
FRBNY, principal due to the U.S. Treasury, interest due to the FRBNY, and interest due to the U.S. Treasury.
Any remaining funds will be shared by the FRBNY and the U.S. Treasury.
8. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of dollars
Assets, liabilities, and capital Eliminations Wednesday Change since
from Dec 19, 2012 Wednesday Wednesday
consolidation Dec 12, 2012 Dec 21, 2011
Assets
Gold certificate account 11,037 0 0
Special drawing rights certificate account 5,200 0 0
Coin 2,126 0 - 171
Securities, repurchase agreements, and loans 2,672,389 + 2,671 + 22,204
Securities held outright (1) 2,671,525 + 2,634 + 30,854
U.S. Treasury securities 1,658,851 - 1,956 - 25,398
Bills (2) 0 0 - 18,423
Notes and bonds, nominal (2) 1,573,166 - 1,948 - 14,539
Notes and bonds, inflation-indexed (2) 74,740 0 + 6,272
Inflation compensation (3) 10,945 - 8 + 1,292
Federal agency debt securities (2) 79,283 0 - 25,413
Mortgage-backed securities (4) 933,391 + 4,590 + 81,665
Repurchase agreements (5) 0 0 0
Loans 864 + 37 - 8,650
Net portfolio holdings of Maiden Lane LLC (6) 1,431 - 3 - 5,804
Net portfolio holdings of Maiden Lane II LLC (7) 61 0 - 9,182
Net portfolio holdings of Maiden Lane III LLC (8) 22 0 - 17,711
Net portfolio holdings of TALF LLC (9) 856 0 + 45
Items in process of collection (0) 133 + 22 - 58
Bank premises 2,337 + 2 + 150
Central bank liquidity swaps (10) 11,549 - 819 - 51,050
Other assets (11) 214,636 + 1,117 + 64,849
Total assets (0) 2,921,776 + 2,988 + 3,270
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 Dec 19, 2012 Wednesday Wednesday
consolidation Dec 12, 2012 Dec 21, 2011
Liabilities
Federal Reserve notes, net of F.R. Bank holdings 1,117,463 + 3,936 + 88,947
Reverse repurchase agreements (12) 100,964 - 1,480 + 10,894
Deposits (0) 1,634,685 + 9,486 - 91,908
Term deposits held by depository institutions 0 0 0
Other deposits held by depository institutions 1,482,698 - 65,531 - 23,861
U.S. Treasury, General Account 75,017 + 43,618 - 31,575
Foreign official 6,000 + 159 + 5,574
Other (0) 70,971 + 31,241 - 42,045
Deferred availability cash items (0) 990 - 180 - 262
Other liabilities and accrued dividends (13) 12,945 - 8,777 - 5,246
Total liabilities (0) 2,867,048 + 2,986 + 2,425
Capital accounts
Capital paid in 27,364 + 1 + 423
Surplus 27,364 + 1 + 423
Other capital accounts 0 0 0
Total capital 54,728 + 2 + 845
Note: Components may not sum to totals because of rounding.
1. Includes securities lent to dealers under the overnight securities lending facility; refer to table
1A.
2. Face value of the securities.
3. Compensation that adjusts for the effect of inflation on the original face value of
inflation-indexed securities.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which
is the remaining principal balance of the underlying mortgages.
5. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.
6. Refer to table 4 and the note on consolidation accompanying table 9.
7. Refer to table 5 and the note on consolidation accompanying table 9.
8. Refer to table 6 and the note on consolidation accompanying table 9.
9. Refer to table 7 and the note on consolidation accompanying table 9.
10. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used
when the foreign currency is returned to the foreign central bank. This exchange rate equals the
market exchange rate used when the foreign currency was acquired from the foreign central bank.
11. Includes other assets denominated in foreign currencies, which are revalued daily at market
exchange rates and the fair value adjustment to credit extended by the Federal Reserve Bank of New York
(FRBNY) to eligible borrowers through the Term Asset-Backed Securities Loan Facility.
12. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt
securities, and mortgage-backed securities.
13. Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC
to entities other than the Federal Reserve Bank of New York, including liabilities that have recourse
only to the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note on
consolidation accompanying table 9. Also includes the liability for interest on Federal Reserve notes due
to U.S. Treasury.
9. Statement of Condition of Each Federal Reserve Bank, December 19, 2012
Millions of dollars
Assets, liabilities, and capital Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas Dallas San
City Francisco
Assets
Gold certificate account 11,037 408 3,824 437 515 890 1,337 839 313 192 315 725 1,242
Special drawing rights certificate acct. 5,200 196 1,818 210 237 412 654 424 150 90 153 282 574
Coin 2,126 39 93 141 145 380 208 313 34 52 165 200 356
Securities, repurchase agreements,
and loans 2,672,389 64,888 1,498,607 88,315 67,922 190,136 161,081 148,211 41,768 24,305 53,682 103,803 229,671
Securities held outright (1) 2,671,525 64,886 1,497,802 88,315 67,922 190,136 161,075 148,205 41,767 24,287 53,672 103,803 229,656
U.S. Treasury securities 1,658,851 40,290 930,042 54,838 42,175 118,063 100,017 92,026 25,935 15,080 33,327 64,455 142,602
Bills (2) 0 0 0 0 0 0 0 0 0 0 0 0 0
Notes and bonds (3) 1,658,851 40,290 930,042 54,838 42,175 118,063 100,017 92,026 25,935 15,080 33,327 64,455 142,602
Federal agency debt securities (2) 79,283 1,926 44,450 2,621 2,016 5,643 4,780 4,398 1,240 721 1,593 3,081 6,816
Mortgage-backed securities (4) 933,391 22,670 523,310 30,856 23,731 66,431 56,277 51,781 14,593 8,485 18,752 36,267 80,238
Repurchase agreements (5) 0 0 0 0 0 0 0 0 0 0 0 0 0
Loans 864 1 805 0 0 0 6 7 2 18 10 0 15
Net portfolio holdings of Maiden
Lane LLC (6) 1,431 0 1,431 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of Maiden
Lane II LLC (7) 61 0 61 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of Maiden
Lane III LLC (8) 22 0 22 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of TALF LLC (9) 856 0 856 0 0 0 0 0 0 0 0 0 0
Items in process of collection 133 0 0 0 14 0 117 0 1 0 0 0 0
Bank premises 2,337 119 450 70 115 230 215 203 130 103 253 239 209
Central bank liquidity swaps (10) 11,549 405 3,726 1,002 854 2,389 660 308 94 47 115 185 1,764
Other assets (11) 214,636 5,515 113,851 8,491 6,701 18,856 12,892 11,169 3,197 1,877 4,071 7,880 20,134
Interdistrict settlement account 0 + 17,220 - 70,478 - 14,218 - 1,633 - 36,136 + 36,217 - 4,780 + 848 + 3,242 - 6,799 + 3,153 + 73,365
Total assets 2,921,776 88,789 1,554,261 84,448 74,870 177,157 213,381 156,686 46,536 29,909 51,956 116,467 327,315
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, December 19, 2012 (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 1,353,762 47,673 477,557 47,734 60,658 103,395 175,999 95,467 37,345 22,411 36,467 94,887 154,167
Less: Notes held by F.R. Banks 236,299 6,662 93,684 4,947 8,963 12,426 26,310 13,418 4,149 3,351 6,906 28,743 26,741
Federal Reserve notes, net 1,117,463 41,012 383,873 42,788 51,695 90,969 149,690 82,050 33,196 19,060 29,562 66,144 127,426
Reverse repurchase agreements (12) 100,964 2,452 56,606 3,338 2,567 7,186 6,087 5,601 1,578 918 2,028 3,923 8,679
Deposits 1,634,685 42,311 1,089,053 33,640 15,910 66,426 52,999 66,831 11,068 9,327 19,565 45,063 182,492
Term deposits held by depository
institutions 0 0 0 0 0 0 0 0 0 0 0 0 0
Other deposits held by depository
institutions 1,482,698 42,298 937,342 33,630 15,907 66,243 52,990 66,810 11,068 9,327 19,563 45,035 182,485
U.S. Treasury, General Account 75,017 0 75,017 0 0 0 0 0 0 0 0 0 0
Foreign official 6,000 1 5,973 3 3 8 2 1 0 0 0 1 6
Other 70,971 12 70,721 7 0 175 7 19 0 0 1 27 1
Deferred availability cash items 990 0 1 0 32 0 763 0 0 195 0 0 0
Interest on Federal Reserve notes due
to U.S. Treasury (13) 2,061 40 1,172 70 51 154 122 108 29 17 36 78 183
Other liabilities and accrued
dividends (14) 10,883 285 6,067 379 347 929 603 536 208 163 210 382 774
Total liabilities 2,867,048 86,100 1,536,771 80,215 70,602 165,663 210,265 155,126 46,079 29,680 51,402 115,590 319,554
Capital
Capital paid in 27,364 1,345 8,745 2,116 2,134 5,747 1,558 780 228 115 277 439 3,881
Surplus 27,364 1,345 8,745 2,116 2,134 5,747 1,558 780 228 115 277 439 3,881
Other capital 0 0 0 0 0 0 0 0 0 0 0 0 0
Total liabilities and capital 2,921,776 88,789 1,554,261 84,448 74,870 177,157 213,381 156,686 46,536 29,909 51,956 116,467 327,315
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, December 19, 2012 (continued)
1. Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.
2. Face value of the securities.
3. Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face value of such securities.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the underlying mortgages.
5. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.
6. Refer to table 4 and the note on consolidation below.
7. Refer to table 5 and the note on consolidation below.
8. Refer to table 6 and the note on consolidation below.
9. Refer to table 7 and the note on consolidation below.
10. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals
the market exchange rate used when the foreign currency was acquired from the foreign central bank.
11. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates and the fair value adjustment to credit extended by the Federal Reserve Bank of New York
(FRBNY) to eligible borrowers through the Term Asset-Backed Securities Loan Facility.
12. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.
13. Represents the estimated weekly remittances to U.S. Treasury as interest on Federal Reserve notes or, in those cases where the Reserve Bank's net earnings are not sufficient to equate surplus to
capital paid-in, the deferred asset for interest on Federal Reserve notes. The amount of any deferred asset, which is presented as a negative amount in this line, represents the amount of the
Federal Reserve Bank's earnings that must be retained before remittances to the U.S. Treasury resume. The amounts on this line are calculated in accordance with Board of Governors policy, which requires
the Federal Reserve Banks to remit residual earnings to the U.S. Treasury as interest on Federal Reserve notes after providing for the costs of operations, payment of dividends, and the amount
necessary to equate surplus with capital paid-in.
14. Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to entities other than the Federal Reserve Bank of New York, including liabilities that have
recourse only to the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note on consolidation below.
Note on consolidation:
The Federal Reserve Bank of New York (FRBNY) has extended loans to several limited liability companies under the authority of section 13(3) of the Federal Reserve Act. On June 26, 2008, a
loan was extended to Maiden Lane LLC, which was formed to acquire certain assets of Bear Stearns. On November 25, 2008, a loan was extended to Maiden Lane III LLC, which was formed to purchase
multi-sector collateralized debt obligations on which the Financial Products group of the American International Group, Inc. has written credit default swap contracts. On December 12, 2008, a
loan was extended to Maiden Lane II LLC, which was formed to purchase residential mortgage-backed securities from the U.S. securities lending reinvestment portfolio of subsidiaries of American
International Group, Inc. On November 25, 2008, the Federal Reserve Board authorized the FRBNY to extend credit to TALF LLC, which was formed to purchase and manage any asset-backed securities
received by the FRBNY in connection with the decision of a borrower not to repay a loan extended under the Term Asset-Backed Securities Loan Facility.
The FRBNY is the primary beneficiary of TALF LLC, because of the two beneficiaries of the LLC, the FRBNY and the U.S. Treasury, the FRBNY is primarily responsible for directing the financial
activities of TALF LLC. The FRBNY is the primary beneficiary of the other LLCs cited above because it will receive a majority of any residual returns of the LLCs and absorb a majority of any
residual losses of the LLCs. Consistent with generally accepted accounting principles, the assets and liabilities of these LLCs have been consolidated with the assets and liabilities of the
FRBNY in the preparation of the statements of condition shown on this release. As a consequence of the consolidation, the extensions of credit from the FRBNY to the LLCs are eliminated, the net
assets of the LLCs appear as assets on the previous page (and in table 1 and table 8), and the liabilities of the LLCs to entities other than the FRBNY, including those with recourse only to
the portfolio holdings of the LLCs, are included in other liabilities in this table (and table 1 and table 8).
10. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts
Millions of dollars
Federal Reserve notes and collateral Wednesday
Dec 19, 2012
Federal Reserve notes outstanding 1,353,762
Less: Notes held by F.R. Banks not subject to collateralization 236,299
Federal Reserve notes to be collateralized 1,117,463
Collateral held against Federal Reserve notes 1,117,463
Gold certificate account 11,037
Special drawing rights certificate account 5,200
U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 1,101,226
Other assets pledged 0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 2,671,525
Less: Face value of securities under reverse repurchase agreements 86,902
U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 2,584,623
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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