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Release Date: March 21, 2013
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FEDERAL RESERVE statistical release
H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks March 21, 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 Mar 20, 2013
Federal Reserve Banks Mar 20, 2013 Mar 13, 2013 Mar 21, 2012
Reserve Bank credit 3,166,541 + 56,399 + 295,540 3,189,058
Securities held outright (1) 2,922,006 + 52,700 + 312,369 2,942,583
U.S. Treasury securities 1,777,444 + 10,387 + 114,967 1,784,652
Bills (2) 0 0 - 18,423 0
Notes and bonds, nominal (2) 1,687,785 + 8,990 + 121,450 1,694,972
Notes and bonds, inflation-indexed (2) 78,879 + 1,183 + 10,212 78,879
Inflation compensation (3) 10,780 + 213 + 1,728 10,802
Federal agency debt securities (2) 72,882 - 706 - 26,110 72,423
Mortgage-backed securities (4) 1,071,681 + 43,021 + 223,513 1,085,507
Repurchase agreements (5) 0 0 0 0
Loans 392 0 - 6,987 392
Primary credit 6 0 - 6 5
Secondary credit 0 0 0 0
Seasonal credit 0 0 - 6 0
Term Asset-Backed Securities Loan Facility (6) 386 0 - 6,976 386
Other credit extensions 0 0 0 0
Net portfolio holdings of Maiden Lane LLC (7) 1,402 + 7 - 3,969 1,401
Net portfolio holdings of Maiden Lane II LLC (8) 64 + 2 - 1,112 64
Net portfolio holdings of Maiden Lane III LLC (9) 22 0 - 17,414 22
Net portfolio holdings of TALF LLC (10) 399 0 - 427 399
Float -681 - 91 + 167 -641
Central bank liquidity swaps (11) 7,965 - 23 - 57,628 7,965
Other Federal Reserve assets (12) 234,972 + 3,804 + 70,542 236,874
Gold stock 11,041 0 0 11,041
Special drawing rights certificate account 5,200 0 0 5,200
Treasury currency outstanding (13) 44,905 + 14 + 526 44,905
Total factors supplying reserve funds 3,227,687 + 56,413 + 296,066 3,250,204
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 Mar 20, 2013
Federal Reserve Banks Mar 20, 2013 Mar 13, 2013 Mar 21, 2012
Currency in circulation (13) 1,174,806 - 132 + 78,637 1,175,121
Reverse repurchase agreements (14) 95,663 + 4,358 + 1,693 92,925
Foreign official and international accounts 95,663 + 4,358 + 2,764 92,925
Others 0 0 - 1,071 0
Treasury cash holdings 222 - 3 + 59 225
Deposits with F.R. Banks, other than reserve balances 134,904 + 59,170 - 7,591 157,690
Term deposits held by depository institutions 3,045 + 3,045 + 3,045 3,045
U.S. Treasury, General Account 71,366 + 28,366 - 31,122 71,131
Foreign official 8,080 + 478 + 7,950 8,952
Service-related 0 0 - 1,952 0
Required clearing balances 0 0 - 1,952 0
Adjustments to compensate for float 0 0 0 0
Other 52,413 + 27,281 + 14,488 74,562
Other liabilities and capital (15) 68,728 + 611 - 6,714 68,020
Total factors, other than reserve balances,
absorbing reserve funds 1,474,324 + 64,005 + 66,085 1,493,980
Reserve balances with Federal Reserve Banks 1,753,364 - 7,592 + 229,982 1,756,224
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 Mar 20, 2013
Mar 20, 2013 Mar 13, 2013 Mar 21, 2012
Securities held in custody for foreign official and
international accounts 3,302,736 + 11,563 + 211,131 3,294,447
Marketable U.S. Treasury securities (1) 2,966,934 + 10,907 + 308,070 2,954,671
Federal agency debt and mortgage-backed securities (2) 298,148 + 1,317 - 96,636 302,286
Other securities (3) 37,655 - 659 - 301 37,490
Securities lent to dealers 16,712 + 1,750 - 2,580 17,615
Overnight facility (4) 16,712 + 1,750 - 2,580 17,615
U.S. Treasury securities 15,545 + 1,517 - 3,036 16,529
Federal agency debt securities 1,167 + 233 + 456 1,086
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, March 20, 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) 5 0 0 386 0 ... 392
U.S. Treasury securities (2)
Holdings 1 6 307 442,424 887,601 454,314 1,784,652
Weekly changes + 1 + 1 - 1 + 4,120 + 7,577 + 2,969 + 14,665
Federal agency debt securities (3)
Holdings 0 1,765 23,315 42,952 2,044 2,347 72,423
Weekly changes - 1,165 + 232 - 232 0 0 0 - 1,165
Mortgage-backed securities (4)
Holdings 0 0 1 1 2,607 1,082,898 1,085,507
Weekly changes 0 0 0 0 + 41 + 24,597 + 24,638
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) 865 7,100 0 0 0 0 7,965
Reverse repurchase agreements (6) 92,925 0 ... ... ... ... 92,925
Term deposits 0 3,045 0 ... ... ... 3,045
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
Mar 20, 2013
Mortgage-backed securities held outright (1) 1,085,507
Commitments to buy mortgage-backed securities (2) 78,453
Commitments to sell mortgage-backed securities (2) 0
Cash and cash equivalents (3) 411
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
Mar 20, 2013
Net portfolio holdings of Maiden Lane LLC (1) 1,401
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 December 31, 2012. Any assets purchased after this
valuation date are initially recorded at cost until their estimated fair value as of the purchase date
becomes available.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's
statement of condition consistent with consolidation under generally accepted accounting principles. Refer
to the note on consolidation accompanying table 9.
3. Book value. The fair value of these obligations is included in other liabilities and capital in
table 1 and in other liabilities and accrued dividends in table 8 and table 9.
Note: On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended credit to Maiden Lane LLC
under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to
acquire certain assets of Bear Stearns and to manage those assets through time to maximize repayment of the credit
extended and to minimize disruption to financial markets. Payments by Maiden Lane LLC from the proceeds of
the net portfolio holdings will be made in the following order: operating expenses of the LLC, principal due to
the FRBNY, interest due to the FRBNY, principal due to JPMorgan Chase & Co., and interest due to JPMorgan
Chase & Co. Any remaining funds will be paid to the FRBNY.
5. Information on Principal Accounts of Maiden Lane II LLC
Millions of dollars
Account name Wednesday
Mar 20, 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 December 31, 2012. Any assets purchased after this
valuation date are initially recorded at cost until their estimated fair value as of the purchase date
becomes available.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's
statement of condition consistent with consolidation under generally accepted accounting principles. Refer
to the note on consolidation accompanying table 9.
3. Book value. The deferred payment represents the portion of the proceeds of the net portfolio
holdings due to subsidiaries of American International Group, Inc. in accordance with the asset purchase
agreement. The fair value of this payment and accrued interest payable are included in other
liabilities and capital in table 1 and in other liabilities and accrued dividends in table 8 and table 9.
Note: On December 12, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden
Lane II LLC under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was
formed to purchase residential mortgage-backed securities from the U.S. securities lending reinvestment
portfolio of subsidiaries of American International Group, Inc. (AIG subsidiaries). Payments by Maiden Lane II LLC
from the proceeds of the net portfolio holdings will be made in the following order: operating expenses of
Maiden Lane II LLC, principal due to the FRBNY, interest due to the FRBNY, and deferred payment and interest due
to AIG subsidiaries. Any remaining funds will be shared by the FRBNY and AIG subsidiaries.
6. Information on Principal Accounts of Maiden Lane III LLC
Millions of dollars
Account name Wednesday
Mar 20, 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 December 31, 2012. Any assets purchased after this
valuation date are initially recorded at cost until their estimated fair value as of the purchase date
becomes available.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's
statement of condition consistent with consolidation under generally accepted accounting principles. Refer
to the note on consolidation accompanying table 9.
3. Book value. The fair value of these obligations is included in other liabilities and capital in
table 1 and in other liabilities and accrued dividends in table 8 and table 9.
Note: On November 25, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden
Lane III LLC under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was
formed to purchase multi-sector collateralized debt obligations (CDOs) on which the Financial Products group
of American International Group, Inc. (AIG) has written credit default swap (CDS) contracts. In connection
with the purchase of CDOs, the CDS counterparties will concurrently unwind the related CDS transactions. Payments
by Maiden Lane III LLC from the proceeds of the net portfolio holdings will be made in the following order:
operating expenses of Maiden Lane III LLC, principal due to the FRBNY, interest due to the FRBNY, principal due
to AIG, and interest due to AIG. Any remaining funds will be shared by the FRBNY and AIG.
7. Information on Principal Accounts of TALF LLC
Millions of dollars
Account name Wednesday
Mar 20, 2013
Asset-backed securities holdings (1) 0
Other investments, net 399
Net portfolio holdings of TALF LLC 399
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) extends loans with a term of up to five years to
holders of eligible asset-backed securities. The TALF is intended to assist financial markets in accommodating the
credit needs of consumers and businesses by facilitating the issuance of asset-backed securities collateralized
by a variety of consumer and business loans. The loans provided through the TALF to eligible borrowers are
non-recourse, meaning that the obligation of the borrower can be discharged by surrendering the collateral to
the FRBNY. The loans are extended for the market value of the security less an amount known as a haircut. As a
result, the borrower bears the initial risk of a decline in the value of the security.
TALF LLC is a limited liability company formed to purchase and manage any asset-backed securities received
by the FRBNY in connection with the decision of a borrower not to repay a TALF loan. TALF LLC has committed,
for a fee, to purchase all asset-backed securities received by the FRBNY in conjunction with a TALF loan at a
price equal to the TALF loan plus accrued but unpaid interest. Losses on asset-backed securities held by TALF
LLC will be offset in the following order: by the commitment fees collected by TALF LLC then by the interest
received on investments of TALF LLC. Payments by TALF LLC from the proceeds of its net portfolio holdings will be
made in the following order: operating expenses of TALF LLC, principal due to the FRBNY, principal due to the
U.S. Treasury, interest due to the FRBNY, and interest due to the U.S. Treasury. Any remaining funds will be
shared by the FRBNY and the U.S. Treasury.
8. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of dollars
Assets, liabilities, and capital Eliminations Wednesday Change since
from Mar 20, 2013 Wednesday Wednesday
consolidation Mar 13, 2013 Mar 21, 2012
Assets
Gold certificate account 11,037 0 0
Special drawing rights certificate account 5,200 0 0
Coin 2,120 - 29 - 207
Securities, repurchase agreements, and loans 2,942,974 + 38,133 + 321,938
Securities held outright (1) 2,942,583 + 38,140 + 328,846
U.S. Treasury securities 1,784,652 + 14,665 + 121,168
Bills (2) 0 0 - 18,423
Notes and bonds, nominal (2) 1,694,972 + 14,606 + 127,658
Notes and bonds, inflation-indexed (2) 78,879 0 + 10,212
Inflation compensation (3) 10,802 + 60 + 1,721
Federal agency debt securities (2) 72,423 - 1,165 - 26,569
Mortgage-backed securities (4) 1,085,507 + 24,638 + 234,247
Repurchase agreements (5) 0 0 0
Loans 392 - 5 - 6,907
Net portfolio holdings of Maiden Lane LLC (6) 1,401 - 1 - 4,021
Net portfolio holdings of Maiden Lane II LLC (7) 64 0 + 45
Net portfolio holdings of Maiden Lane III LLC (8) 22 0 - 17,427
Net portfolio holdings of TALF LLC (9) 399 0 - 432
Items in process of collection (0) 497 - 77 + 373
Bank premises 2,303 + 1 - 82
Central bank liquidity swaps (10) 7,965 - 23 - 57,628
Other assets (11) 234,572 + 3,477 + 71,003
Total assets (0) 3,208,553 + 41,480 + 313,562
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 Mar 20, 2013 Wednesday Wednesday
consolidation Mar 13, 2013 Mar 21, 2012
Liabilities
Federal Reserve notes, net of F.R. Bank holdings 1,132,556 - 739 + 77,082
Reverse repurchase agreements (12) 92,925 + 735 + 7,037
Deposits (0) 1,913,914 + 41,875 + 234,392
Term deposits held by depository institutions 3,045 + 3,045 + 3,045
Other deposits held by depository institutions 1,756,224 - 46,365 + 211,595
U.S. Treasury, General Account 71,131 + 42,683 - 16,041
Foreign official 8,952 + 1,352 + 8,808
Other (0) 74,562 + 41,159 + 26,986
Deferred availability cash items (0) 1,138 - 81 + 177
Other liabilities and accrued dividends (13) 12,925 - 314 - 5,886
Total liabilities (0) 3,153,459 + 41,477 + 312,802
Capital accounts
Capital paid in 27,547 + 1 + 380
Surplus 27,547 + 1 + 380
Other capital accounts 0 0 0
Total capital 55,094 + 3 + 760
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, March 20, 2013
Millions of dollars
Assets, liabilities, and capital Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas Dallas San
City Francisco
Assets
Gold certificate account 11,037 408 3,824 437 515 890 1,337 839 313 192 315 725 1,242
Special drawing rights certificate acct. 5,200 196 1,818 210 237 412 654 424 150 90 153 282 574
Coin 2,120 40 106 137 156 380 188 311 32 52 165 191 360
Securities, repurchase agreements,
and loans 2,942,974 71,470 1,650,158 97,275 74,813 209,428 177,419 163,245 46,005 26,751 59,118 114,335 252,958
Securities held outright (1) 2,942,583 71,470 1,649,772 97,275 74,813 209,428 177,417 163,242 46,004 26,751 59,118 114,335 252,958
U.S. Treasury securities 1,784,652 43,346 1,000,573 58,997 45,374 127,016 107,602 99,005 27,901 16,224 35,854 69,343 153,417
Bills (2) 0 0 0 0 0 0 0 0 0 0 0 0 0
Notes and bonds (3) 1,784,652 43,346 1,000,573 58,997 45,374 127,016 107,602 99,005 27,901 16,224 35,854 69,343 153,417
Federal agency debt securities (2) 72,423 1,759 40,604 2,394 1,841 5,154 4,367 4,018 1,132 658 1,455 2,814 6,226
Mortgage-backed securities (4) 1,085,507 26,365 608,594 35,885 27,598 77,257 65,449 60,219 16,971 9,868 21,808 42,178 93,315
Repurchase agreements (5) 0 0 0 0 0 0 0 0 0 0 0 0 0
Loans 392 0 386 0 0 0 2 3 0 0 0 0 0
Net portfolio holdings of Maiden
Lane LLC (6) 1,401 0 1,401 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of Maiden
Lane II LLC (7) 64 0 64 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) 399 0 399 0 0 0 0 0 0 0 0 0 0
Items in process of collection 497 0 0 0 0 0 496 0 0 1 0 0 0
Bank premises 2,303 117 428 71 114 229 214 201 130 102 251 237 207
Central bank liquidity swaps (10) 7,965 391 2,546 616 621 1,673 454 227 66 33 81 126 1,130
Other assets (11) 234,572 6,324 125,347 8,815 7,226 20,173 14,092 12,362 3,526 2,071 4,493 8,657 21,486
Interdistrict settlement account 0 - 10,264 + 73,273 - 14,496 - 5,559 - 65,046 + 9,917 - 21,744 - 1,343 - 1,142 - 11,036 - 12,989 + 60,428
Total assets 3,208,553 68,683 1,859,386 93,066 78,124 168,138 204,771 155,866 48,879 28,150 53,540 111,563 338,386
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, March 20, 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 1,399,310 47,166 519,767 46,857 61,343 102,872 175,041 94,669 37,006 23,636 37,721 97,904 155,328
Less: Notes held by F.R. Banks 266,754 10,664 98,665 4,540 9,167 11,338 30,518 14,608 3,642 6,954 9,748 41,403 25,508
Federal Reserve notes, net 1,132,556 36,502 421,102 42,317 52,176 91,534 144,523 80,060 33,364 16,682 27,973 56,501 129,820
Reverse repurchase agreements (12) 92,925 2,257 52,099 3,072 2,363 6,614 5,603 5,155 1,453 845 1,867 3,611 7,988
Deposits 1,913,914 26,904 1,361,271 42,961 18,936 57,490 49,760 68,431 13,359 10,087 22,889 50,096 191,729
Term deposits held by depository
institutions 3,045 10 1,762 0 0 40 388 5 0 100 205 5 530
Other deposits held by depository
institutions 1,756,224 26,874 1,205,069 42,928 18,933 57,359 49,362 68,397 13,358 9,987 22,682 50,089 191,185
U.S. Treasury, General Account 71,131 0 71,131 0 0 0 0 0 0 0 0 0 0
Foreign official 8,952 2 8,924 3 3 8 2 1 0 0 0 1 6
Other 74,562 18 74,385 30 0 82 7 28 0 0 1 1 9
Deferred availability cash items 1,138 0 0 0 0 0 1,021 0 0 117 0 0 0
Interest on Federal Reserve notes due
to U.S. Treasury (13) 1,341 31 737 46 37 99 90 74 22 13 27 55 111
Other liabilities and accrued
dividends (14) 11,584 294 6,650 380 335 896 639 576 219 172 225 417 781
Total liabilities 3,153,459 65,988 1,841,859 88,776 73,847 156,632 201,636 154,297 48,416 27,916 52,981 110,680 330,430
Capital
Capital paid in 27,547 1,348 8,764 2,145 2,138 5,753 1,568 785 232 117 279 442 3,978
Surplus 27,547 1,348 8,764 2,145 2,138 5,753 1,568 785 232 117 279 442 3,978
Other capital 0 0 0 0 0 0 0 0 0 0 0 0 0
Total liabilities and capital 3,208,553 68,683 1,859,386 93,066 78,124 168,138 204,771 155,866 48,879 28,150 53,540 111,563 338,386
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, March 20, 2013 (continued)
1. Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.
2. Face value of the securities.
3. Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face value of such securities.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the underlying mortgages.
5. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.
6. Refer to table 4 and the note on consolidation below.
7. Refer to table 5 and the note on consolidation below.
8. Refer to table 6 and the note on consolidation below.
9. Refer to table 7 and the note on consolidation below.
10. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals
the market exchange rate used when the foreign currency was acquired from the foreign central bank.
11. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates and the fair value adjustment to credit extended by the Federal Reserve Bank of New York
(FRBNY) to eligible borrowers through the Term Asset-Backed Securities Loan Facility.
12. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.
13. Represents the estimated weekly remittances to U.S. Treasury as interest on Federal Reserve notes or, in those cases where the Reserve Bank's net earnings are not sufficient to equate surplus to
capital paid-in, the deferred asset for interest on Federal Reserve notes. The amount of any deferred asset, which is presented as a negative amount in this line, represents the amount of the
Federal Reserve Bank's earnings that must be retained before remittances to the U.S. Treasury resume. The amounts on this line are calculated in accordance with Board of Governors policy, which requires
the Federal Reserve Banks to remit residual earnings to the U.S. Treasury as interest on Federal Reserve notes after providing for the costs of operations, payment of dividends, and the amount
necessary to equate surplus with capital paid-in.
14. Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to entities other than the Federal Reserve Bank of New York, including liabilities that have
recourse only to the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note on consolidation below.
Note on consolidation:
The Federal Reserve Bank of New York (FRBNY) has extended loans to several limited liability companies under the authority of section 13(3) of the Federal Reserve Act. On June 26, 2008, a
loan was extended to Maiden Lane LLC, which was formed to acquire certain assets of Bear Stearns. On November 25, 2008, a loan was extended to Maiden Lane III LLC, which was formed to purchase
multi-sector collateralized debt obligations on which the Financial Products group of the American International Group, Inc. has written credit default swap contracts. On December 12, 2008, a
loan was extended to Maiden Lane II LLC, which was formed to purchase residential mortgage-backed securities from the U.S. securities lending reinvestment portfolio of subsidiaries of American
International Group, Inc. On November 25, 2008, the Federal Reserve Board authorized the FRBNY to extend credit to TALF LLC, which was formed to purchase and manage any asset-backed securities
received by the FRBNY in connection with the decision of a borrower not to repay a loan extended under the Term Asset-Backed Securities Loan Facility.
The FRBNY is the primary beneficiary of TALF LLC, because of the two beneficiaries of the LLC, the FRBNY and the U.S. Treasury, the FRBNY is primarily responsible for directing the financial
activities of TALF LLC. The FRBNY is the primary beneficiary of the other LLCs cited above because it will receive a majority of any residual returns of the LLCs and absorb a majority of any
residual losses of the LLCs. Consistent with generally accepted accounting principles, the assets and liabilities of these LLCs have been consolidated with the assets and liabilities of the
FRBNY in the preparation of the statements of condition shown on this release. As a consequence of the consolidation, the extensions of credit from the FRBNY to the LLCs are eliminated, the net
assets of the LLCs appear as assets on the previous page (and in table 1 and table 8), and the liabilities of the LLCs to entities other than the FRBNY, including those with recourse only to
the portfolio holdings of the LLCs, are included in other liabilities in this table (and table 1 and table 8).
10. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts
Millions of dollars
Federal Reserve notes and collateral Wednesday
Mar 20, 2013
Federal Reserve notes outstanding 1,399,310
Less: Notes held by F.R. Banks not subject to collateralization 266,754
Federal Reserve notes to be collateralized 1,132,556
Collateral held against Federal Reserve notes 1,132,556
Gold certificate account 11,037
Special drawing rights certificate account 5,200
U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 1,116,320
Other assets pledged 0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 2,942,583
Less: Face value of securities under reverse repurchase agreements 80,296
U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 2,862,286
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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