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Release Date: October 3, 2013
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FEDERAL RESERVE statistical release
For Release at
4:30 P.M. EDT
June 12, 2014
Table 10 line items “Less: Face value of securities under reverse repurchase agreements” and “U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged” have been corrected to include securities pledged as collateral for tri-party reverse repurchase agreements.
The revised data are reported at the following link: http://www.federalreserve.gov/releases/h41/2014update.htm.
Historical data incorporating this correction can be accessed through the Data Download Program (DDP) at http://www.federalreserve.gov/datadownload/Choose.aspx?rel=H41.
FEDERAL RESERVE statistical release
H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks October 3, 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 Oct 2, 2013
Federal Reserve Banks Oct 2, 2013 Sep 25, 2013 Oct 3, 2012
Reserve Bank credit 3,697,152 + 2,137 + 939,100 3,703,878
Securities held outright (1) 3,472,947 + 2,563 + 906,093 3,479,712
U.S. Treasury securities 2,069,762 + 12,978 + 421,302 2,076,927
Bills (2) 0 0 0 0
Notes and bonds, nominal (2) 1,969,216 + 12,968 + 402,502 1,976,374
Notes and bonds, inflation-indexed (2) 87,209 0 + 15,425 87,209
Inflation compensation (3) 13,337 + 10 + 3,375 13,345
Federal agency debt securities (2) 61,081 - 2,571 - 22,324 60,652
Mortgage-backed securities (4) 1,342,104 - 7,845 + 507,115 1,342,133
Unamortized premiums on securities held outright (5) 204,133 - 170 + 49,467 204,187
Unamortized discounts on securities held outright (5) -7,134 - 448 - 5,441 -7,275
Repurchase agreements (6) 0 0 0 0
Loans 261 - 11 - 1,334 254
Primary credit 15 - 5 - 8 21
Secondary credit 0 0 0 0
Seasonal credit 145 - 6 + 39 133
Term Asset-Backed Securities Loan Facility (7) 101 0 - 1,366 101
Other credit extensions 0 0 0 0
Net portfolio holdings of Maiden Lane LLC (8) 1,494 - 2 - 227 1,493
Net portfolio holdings of Maiden Lane II LLC (9) 64 0 + 3 64
Net portfolio holdings of Maiden Lane III LLC (10) 22 0 - 1 22
Net portfolio holdings of TALF LLC (11) 112 0 - 741 112
Float -688 - 116 + 12 -796
Central bank liquidity swaps (12) 511 + 248 - 12,040 511
Other Federal Reserve assets (13) 25,431 + 74 + 3,310 25,594
Foreign currency denominated assets (14) 24,176 + 116 - 1,652 24,384
Gold stock 11,041 0 0 11,041
Special drawing rights certificate account 5,200 0 0 5,200
Treasury currency outstanding (15) 45,329 + 14 + 694 45,329
Total factors supplying reserve funds 3,782,898 + 2,267 + 938,142 3,789,832
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 Oct 2, 2013
Federal Reserve Banks Oct 2, 2013 Sep 25, 2013 Oct 3, 2012
Currency in circulation (15) 1,207,262 + 2,766 + 77,372 1,209,630
Reverse repurchase agreements (16) 113,773 + 14,039 + 23,238 95,385
Foreign official and international accounts 95,968 + 628 + 5,433 92,683
Others 17,805 + 13,410 + 17,805 2,702
Treasury cash holdings 169 + 15 + 46 178
Deposits with F.R. Banks, other than reserve balances 84,834 - 47,533 - 26,553 90,572
Term deposits held by depository institutions 11,662 0 + 8,622 11,662
U.S. Treasury, General Account 37,961 - 7,030 - 45,336 57,533
Foreign official 8,886 + 9 + 3,295 8,876
Other 26,325 - 40,512 + 6,867 12,500
Other liabilities and capital (17) 65,500 + 223 - 441 64,911
Total factors, other than reserve balances,
absorbing reserve funds 1,471,539 - 30,489 + 73,663 1,460,676
Reserve balances with Federal Reserve Banks 2,311,359 + 32,756 + 864,478 2,329,156
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. The current face value shown is the
remaining principal balance of the securities.
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 Oct 2, 2013
Oct 2, 2013 Sep 25, 2013 Oct 3, 2012
Securities held in custody for foreign official and
international accounts 3,291,219 + 2,146 + 108,798 3,289,018
Marketable U.S. Treasury securities (1) 2,934,980 + 3,972 + 124,648 2,932,585
Federal agency debt and mortgage-backed securities (2) 318,015 - 2,089 - 16,150 318,097
Other securities (3) 38,223 + 261 + 299 38,336
Securities lent to dealers 20,180 - 2,438 + 9,853 13,718
Overnight facility (4) 20,180 - 2,438 + 9,853 13,718
U.S. Treasury securities 19,175 - 2,646 + 9,414 12,629
Federal agency debt securities 1,005 + 208 + 439 1,089
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 securities.
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, October 2, 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) 54 99 49 52 0 ... 254
U.S. Treasury securities (2)
Holdings 0 4 385 659,494 880,754 536,289 2,076,927
Weekly changes - 2 0 0 + 12,860 - 986 + 3,049 + 14,923
Federal agency debt securities (3)
Holdings 487 2,944 17,215 37,597 62 2,347 60,652
Weekly changes - 2,513 - 487 0 0 0 0 - 3,000
Mortgage-backed securities (4)
Holdings 0 0 0 2 2,551 1,339,580 1,342,133
Weekly changes 0 0 0 0 - 1 + 130 + 129
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) 352 159 0 0 0 0 511
Reverse repurchase agreements (6) 95,385 0 ... ... ... ... 95,385
Term deposits 11,662 0 0 ... ... ... 11,662
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. The current face value shown is the
remaining principal balance of the securities.
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
Oct 2, 2013
Mortgage-backed securities held outright (1) 1,342,133
Commitments to buy mortgage-backed securities (2) 87,147
Commitments to sell mortgage-backed securities (2) 0
Cash and cash equivalents (3) 18
1. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the
remaining principal balance of the securities.
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
Oct 2, 2013
Net portfolio holdings of Maiden Lane LLC (1) 1,493
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
Oct 2, 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
Oct 2, 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
Oct 2, 2013
Asset-backed securities holdings (1) 0
Other investments, net 112
Net portfolio holdings of TALF LLC 112
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 Oct 2, 2013 Wednesday Wednesday
consolidation Sep 25, 2013 Oct 3, 2012
Assets
Gold certificate account 11,037 0 0
Special drawing rights certificate account 5,200 0 0
Coin 2,005 + 6 - 175
Securities, unamortized premiums and discounts,
repurchase agreements, and loans 3,676,879 + 11,790 + 950,241
Securities held outright (1) 3,479,712 + 12,052 + 908,371
U.S. Treasury securities 2,076,927 + 14,923 + 423,983
Bills (2) 0 0 0
Notes and bonds, nominal (2) 1,976,374 + 14,909 + 405,205
Notes and bonds, inflation-indexed (2) 87,209 0 + 15,425
Inflation compensation (3) 13,345 + 15 + 3,354
Federal agency debt securities (2) 60,652 - 3,000 - 22,753
Mortgage-backed securities (4) 1,342,133 + 129 + 507,141
Unamortized premiums on securities held outright
(5) 204,187 + 104 + 48,777
Unamortized discounts on securities held outright
(5) -7,275 - 353 - 5,590
Repurchase agreements (6) 0 0 0
Loans 254 - 14 - 1,318
Net portfolio holdings of Maiden Lane LLC (7) 1,493 0 - 238
Net portfolio holdings of Maiden Lane II LLC (8) 64 0 + 3
Net portfolio holdings of Maiden Lane III LLC (9) 22 0 - 1
Net portfolio holdings of TALF LLC (10) 112 0 - 741
Items in process of collection (0) 86 - 7 - 143
Bank premises 2,283 - 7 - 61
Central bank liquidity swaps (11) 511 + 248 - 12,040
Foreign currency denominated assets (12) 24,384 + 262 - 1,368
Other assets (13) 23,311 + 1,077 + 3,398
Total assets (0) 3,747,387 + 13,369 + 938,875
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 Oct 2, 2013 Wednesday Wednesday
consolidation Sep 25, 2013 Oct 3, 2012
Liabilities
Federal Reserve notes, net of F.R. Bank holdings 1,166,479 + 3,677 + 75,203
Reverse repurchase agreements (14) 95,385 - 7,785 + 8,122
Deposits (0) 2,419,728 + 16,741 + 856,230
Term deposits held by depository institutions 11,662 0 + 8,622
Other deposits held by depository institutions 2,329,156 + 22,143 + 864,531
U.S. Treasury, General Account 57,533 + 11,516 - 15,955
Foreign official 8,876 - 1 + 3,315
Other (0) 12,500 - 16,918 - 4,284
Deferred availability cash items (0) 883 + 198 - 16
Other liabilities and accrued dividends (15) 10,028 + 537 - 815
Total liabilities (0) 3,692,504 + 13,368 + 938,724
Capital accounts
Capital paid in 27,441 0 + 75
Surplus 27,441 0 + 75
Other capital accounts 0 0 0
Total capital 54,883 + 1 + 151
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. The current face value shown is the
remaining principal balance of the securities.
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, October 2, 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 2,005 35 91 128 136 343 208 289 27 48 161 189 351
Securities, unamortized premiums and
discounts, repurchase agreements,
and loans 3,676,879 96,140 2,038,940 106,529 93,902 228,616 244,253 198,685 59,188 34,933 69,578 142,792 363,324
Securities held outright (1) 3,479,712 90,991 1,929,643 100,822 88,868 216,371 231,153 188,031 55,990 33,020 65,832 135,126 343,865
U.S. Treasury securities 2,076,927 54,310 1,151,741 60,177 53,043 129,145 137,968 112,230 33,418 19,708 39,293 80,652 205,242
Bills (2) 0 0 0 0 0 0 0 0 0 0 0 0 0
Notes and bonds (3) 2,076,927 54,310 1,151,741 60,177 53,043 129,145 137,968 112,230 33,418 19,708 39,293 80,652 205,242
Federal agency debt securities (2) 60,652 1,586 33,634 1,757 1,549 3,771 4,029 3,277 976 576 1,147 2,355 5,994
Mortgage-backed securities (4) 1,342,133 35,095 744,268 38,887 34,277 83,455 89,156 72,524 21,595 12,736 25,392 52,118 132,630
Unamortized premiums on securities held
outright (5) 204,187 5,339 113,230 5,916 5,215 12,697 13,564 11,034 3,285 1,938 3,863 7,929 20,178
Unamortized discounts on securities
held outright (5) -7,275 -190 -4,034 -211 -186 -452 -483 -393 -117 -69 -138 -282 -719
Repurchase agreements (6) 0 0 0 0 0 0 0 0 0 0 0 0 0
Loans 254 0 101 1 5 0 20 13 30 44 20 20 0
Net portfolio holdings of Maiden
Lane LLC (7) 1,493 0 1,493 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) 112 0 112 0 0 0 0 0 0 0 0 0 0
Items in process of collection 86 0 0 0 0 0 85 0 0 0 0 0 0
Bank premises 2,283 118 428 72 112 229 211 202 127 100 248 233 204
Central bank liquidity swaps (11) 511 25 163 40 40 107 29 15 4 2 5 8 72
Foreign currency denominated assets (12) 24,384 1,195 7,849 1,880 1,896 5,104 1,385 693 203 102 246 386 3,447
Other assets (13) 23,311 643 12,520 682 606 1,629 1,574 1,261 434 285 464 929 2,283
Interdistrict settlement account 0 - 21,456 + 253,121 - 26,625 - 14,784 - 29,347 - 52,113 - 55,237 - 16,763 - 15,220 - 25,270 - 31,115 + 34,811
Total assets 3,747,387 77,286 2,320,544 83,313 82,657 207,948 197,707 147,124 43,681 20,529 45,894 114,431 406,273
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, October 2, 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 1,481,324 46,510 546,080 44,543 61,909 112,177 181,952 95,366 37,112 23,352 38,887 121,574 171,862
Less: Notes held by F.R. Banks 314,845 12,504 82,304 9,090 10,123 14,398 33,564 23,653 4,754 10,765 13,100 59,699 40,889
Federal Reserve notes, net 1,166,479 34,006 463,776 35,453 51,786 97,779 148,388 71,713 32,358 12,587 25,787 61,874 130,972
Reverse repurchase agreements (14) 95,385 2,494 52,895 2,764 2,436 5,931 6,336 5,154 1,535 905 1,805 3,704 9,426
Deposits 2,419,728 37,908 1,780,942 40,588 23,755 91,997 38,358 68,244 9,116 6,551 17,544 47,575 257,150
Term deposits held by depository
institutions 11,662 0 8,130 750 0 30 710 1,100 10 77 150 105 600
Other deposits held by depository
institutions 2,329,156 37,905 1,694,308 39,808 23,752 91,651 37,636 67,120 9,105 6,474 17,392 47,468 256,537
U.S. Treasury, General Account 57,533 0 57,533 0 0 0 0 0 0 0 0 0 0
Foreign official 8,876 2 8,849 3 3 8 2 1 0 0 0 1 6
Other 12,500 2 12,122 27 0 308 10 23 0 0 1 1 7
Deferred availability cash items 883 0 0 0 0 0 795 0 0 88 0 0 0
Interest on Federal Reserve notes due
to U.S. Treasury (15) 1,915 52 1,038 60 53 142 135 93 29 15 34 71 193
Other liabilities and accrued
dividends (16) 8,113 225 4,417 270 268 667 494 407 179 149 162 294 580
Total liabilities 3,692,504 74,686 2,303,068 79,135 78,298 196,516 194,506 145,611 43,216 20,296 45,332 113,518 398,322
Capital
Capital paid in 27,441 1,300 8,738 2,089 2,179 5,716 1,600 757 232 116 281 457 3,975
Surplus 27,441 1,300 8,738 2,089 2,179 5,716 1,600 757 232 116 281 457 3,975
Other capital 0 0 0 0 0 0 0 0 0 0 0 0 0
Total liabilities and capital 3,747,387 77,286 2,320,544 83,313 82,657 207,948 197,707 147,124 43,681 20,529 45,894 114,431 406,273
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, October 2, 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. The current face value shown is the remaining principal balance of the securities.
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
Oct 2, 2013
Federal Reserve notes outstanding 1,481,324
Less: Notes held by F.R. Banks not subject to collateralization 314,845
Federal Reserve notes to be collateralized 1,166,479
Collateral held against Federal Reserve notes 1,166,479
Gold certificate account 11,037
Special drawing rights certificate account 5,200
U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 1,150,243
Other assets pledged 0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 3,479,712
Less: Face value of securities under reverse repurchase agreements 86,613
U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,393,099
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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