Federal Reserve Statistical Release, H.4.1, Factors Affecting Reserve Balances; title with eagle logo links to Statistical Release home page
Release Date:   August 2, 2012
Release dates | Data Download Program (DDP) | About | Announcements
Current release  Other formats: Screen reader | ASCII | PDF (21 KB)

Try data download now image link

FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks

August 2, 2012
1. Factors Affecting Reserve Balances of Depository Institutions
Millions of dollars
Reserve Bank credit, related items, and
reserve balances of depository institutions at
Federal Reserve Banks		 Averages of daily figures Wednesday
Aug 1, 2012
Week ended
Aug 1, 2012		 Change from week ended
Jul 25, 2012 Aug 3, 2011
Reserve Bank credit 2,833,359 - 10,916 - 16,148 2,833,857
    Securities held outright 1 2,593,814 - 13,347 - 55,271 2,593,801
        U.S. Treasury securities 1,649,362 - 1,386 + 9,997 1,649,294
            Bills 2 0 - 5,938 - 18,423 0
            Notes and bonds, nominal 2 1,570,396 + 4,573 + 24,324 1,570,336
            Notes and bonds, inflation-indexed 2 69,086 0 + 3,565 69,086
            Inflation compensation 3 9,880 - 21 + 531 9,872
        Federal agency debt securities 2 91,029 0 - 21,406 91,029
        Mortgage-backed securities 4 853,423 - 11,961 - 43,862 853,478
    Repurchase agreements 5 0 0 0 0
    Loans 3,701 - 129 - 8,261 3,653
        Primary credit 32 + 15 + 22 4
        Secondary credit 1 + 1 + 1 1
        Seasonal credit 121 + 11 + 40 131
        Term Asset-Backed Securities Loan Facility 6 3,547 - 157 - 8,324 3,517
        Other credit extensions 0 0 0 0
    Net portfolio holdings of Maiden Lane LLC 7 2,082 + 47 - 18,739 2,085
    Net portfolio holdings of Maiden Lane II LLC 8 61 + 37 - 10,118 61
    Net portfolio holdings of Maiden Lane III LLC 9 7,218 + 913 - 14,250 7,377
    Net portfolio holdings of TALF LLC 10 848 0 + 81 848
    Float -670 - 72 + 415 -602
    Central bank liquidity swaps 11 31,022 + 3,790 + 31,022 31,022
    Other Federal Reserve assets 12 195,282 - 2,155 + 58,972 195,611
Gold stock 11,041 0 0 11,041
Special drawing rights certificate account 5,200 0 0 5,200
Treasury currency outstanding 13 44,592 + 14 + 597 44,592
 
Total factors supplying reserve funds 2,894,192 - 10,903 - 15,550 2,894,690
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.


1. Factors Affecting Reserve Balances of Depository Institutions (continued)
Millions of dollars
Reserve Bank credit, related items, and
reserve balances of depository institutions at
Federal Reserve Banks		 Averages of daily figures Wednesday
Aug 1, 2012
Week ended
Aug 1, 2012		 Change from week ended
Jul 25, 2012 Aug 3, 2011
Currency in circulation 13 1,112,033 + 1,085 + 80,270 1,114,945
Reverse repurchase agreements 14 89,881 + 4,975 + 20,069 89,806
    Foreign official and international accounts 89,881 + 4,975 + 20,069 89,806
    Others 0 0 0 0
Treasury cash holdings 121 + 3 + 5 123
Deposits with F.R. Banks, other than reserve balances 61,095 - 23,603 - 52,678 80,631
    Term deposits held by depository institutions 3,040 0 - 2,048 3,040
    U.S. Treasury, General Account 42,102 - 3,435 - 14,809 52,683
    U.S. Treasury, Supplementary Financing Account 0 0 0 0
    Foreign official 3,358 + 794 + 3,225 4,233
    Service-related 0 0 - 2,490 0
        Required clearing balances 0 0 - 2,490 0
        Adjustments to compensate for float 0 0 0 0
    Other 12,594 - 20,963 - 36,557 20,675
Other liabilities and capital 15 69,244 - 278 - 93 68,187
 
Total factors, other than reserve balances,
    absorbing reserve funds		 1,332,373 - 17,819 + 47,573 1,353,691
 
Reserve balances with Federal Reserve Banks 1,561,819 + 6,917 - 63,124 1,540,999
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
Aug 1, 2012
Week ended
Aug 1, 2012		 Change from week ended
Jul 25, 2012 Aug 3, 2011
Marketable securities held in custody for foreign
    official and international accounts 1		 3,526,708 + 8,006 + 63,471 3,529,711
    U.S. Treasury securities 2,835,363 + 8,420 + 106,476 2,838,597
    Federal agency securities 2 691,345 - 415 - 43,004 691,115
Securities lent to dealers 9,407 + 722 - 13,994 8,560
    Overnight facility 3 9,407 + 722 - 13,994 8,560
        U.S. Treasury securities 8,680 + 804 - 13,529 7,884
        Federal agency debt securities 726 - 83 - 466 676
Note: Components may not sum to totals because of rounding.


1. 
Face value of the securities. Includes U.S. Treasury STRIPS and other zero-coupon bonds at face value and mortgage-backed securities at original face value.
2. 
Includes debt and mortgage-backed securities.
3. 
Fully collateralized by U.S. Treasury securities.

2. Maturity Distribution of Securities, Loans, and Selected Other Assets and Liabilities, August 1, 2012
Millions of dollars
Remaining maturity Within 15
days		 16 days to
90 days		 91 days to
1 year		 Over 1 year
to 5 years		 Over 5 years
to 10 years		 Over 10
years		 All
Loans 1 47 881 1,227 1,498 0 ... 3,653
U.S. Treasury securities 2  
    Holdings 8,206 4,382 13,742 502,093 770,462 350,409 1,649,294
    Weekly changes + 629 - 8,206 + 1,138 - 2,382 + 3,083 + 3,601 - 2,138
Federal agency debt securities 3  
    Holdings 1,928 7,199 15,381 58,424 5,750 2,347 91,029
    Weekly changes + 1,928 - 1,084 - 844 0 0 0 0
Mortgage-backed securities 4  
    Holdings 0 0 3 5 206 853,265 853,478
    Weekly changes 0 0 + 1 0 + 12 + 104 + 116
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 18,285 12,737 0 0 0 0 31,022
   
Reverse repurchase agreements 6 89,806 0 ... ... ... ... 89,806
Term deposits 3,040 0 0 ... ... ... 3,040
Note: Components may not sum to totals because of rounding.

. . . Not applicable.


1. 
Excludes the loans from the Federal Reserve Bank of New York (FRBNY) to Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC. The loans were eliminated when preparing the FRBNY's statement of condition consistent with consolidation under generally accepted accounting principles.
2. 
Face value. For inflation-indexed securities, includes the original face value and compensation that adjusts for the effect of inflation on the original face value of such securities.
3. 
Face value.
4. 
Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the underlying mortgages.
5. 
Face value of asset-backed securities held by TALF LLC, which is the remaining principal balance of the underlying assets.
6. 
Cash value of agreements.
7. 
Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the foreign central bank.

3. Supplemental Information on Mortgage-Backed Securities
Millions of dollars
Account name Wednesday
Aug 1, 2012
Mortgage-backed securities held outright 1 853,478
 
Commitments to buy mortgage-backed securities 2 37,797
Commitments to sell mortgage-backed securities 2 0
 
Cash and cash equivalents 3 42
1. 
Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the underlying mortgages.
2. 
Current face value. Generally settle within 180 days and include commitments associated with outright transactions, dollar rolls, and coupon swaps.
3. 
This amount is included in other Federal Reserve assets in table 1 and in other assets in table 8 and table 9.

4. Information on Principal Accounts of Maiden Lane LLC
Millions of dollars
Account name Wednesday
Aug 1, 2012
Net portfolio holdings of Maiden Lane LLC 1 2,085
 
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. 3 706
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, 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
Aug 1, 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 June 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
Aug 1, 2012
Net portfolio holdings of Maiden Lane III LLC 1 7,377
 
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, 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
Aug 1, 2012
Asset-backed securities holdings 1 0
Other investments, net 848
Net portfolio holdings of TALF LLC 848
 
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 3 112
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 from
consolidation		 Wednesday
Aug 1, 2012		 Change since
Wednesday
Jul 25, 2012		 Wednesday
Aug 3, 2011
Assets  
    Gold certificate account   11,037 0 0
    Special drawing rights certificate account   5,200 0 0
    Coin   2,120 + 10 - 66
    Securities, repurchase agreements, and loans   2,597,454 - 2,062 - 65,149
        Securities held outright 1   2,593,801 - 2,022 - 56,837
            U.S. Treasury securities   1,649,294 - 2,138 + 8,375
                Bills 2   0 - 5,938 - 18,423
                Notes and bonds, nominal 2   1,570,336 + 3,821 + 22,710
                Notes and bonds, inflation-indexed 2   69,086 0 + 3,565
                Inflation compensation 3   9,872 - 22 + 523
            Federal agency debt securities 2   91,029 0 - 21,406
            Mortgage-backed securities 4   853,478 + 116 - 43,807
        Repurchase agreements 5   0 0 0
        Loans   3,653 - 40 - 8,312
    Net portfolio holdings of Maiden Lane LLC 6   2,085 + 4 - 18,735
    Net portfolio holdings of Maiden Lane II LLC 7   61 0 - 10,002
    Net portfolio holdings of Maiden Lane III LLC 8   7,377 + 222 - 14,134
    Net portfolio holdings of TALF LLC 9   848 0 + 81
    Items in process of collection (65) 282 + 135 - 17
    Bank premises   2,352 - 8 + 156
    Central bank liquidity swaps 10   31,022 + 3,790 + 31,022
    Other assets 11   193,259 + 2,207 + 58,900
 
Total assets (65) 2,853,097 + 4,297 - 17,944
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.


8. Consolidated Statement of Condition of All Federal Reserve Banks (continued)
Millions of dollars
Assets, liabilities, and capital Eliminations from
consolidation		 Wednesday
Aug 1, 2012		 Change since
Wednesday
Jul 25, 2012		 Wednesday
Aug 3, 2011
Liabilities  
    Federal Reserve notes, net of F.R. Bank holdings   1,072,591 + 2,878 + 79,529
    Reverse repurchase agreements 12   89,806 + 2,305 + 21,183
    Deposits (0) 1,621,630 - 514 - 116,841
        Term deposits held by depository institutions   3,040 0 - 2,048
        Other deposits held by depository institutions   1,540,999 - 26,868 - 106,868
        U.S. Treasury, General Account   52,683 + 14,425 + 20,412
        U.S. Treasury, Supplementary Financing Account   0 0 0
        Foreign official   4,233 + 1,668 + 4,108
        Other (0) 20,675 + 10,261 - 32,445
    Deferred availability cash items (65) 884 + 86 - 661
    Other liabilities and accrued dividends 13   13,499 - 466 - 4,079
 
Total liabilities (65) 2,798,410 + 4,289 - 20,868
 
Capital accounts  
    Capital paid in   27,344 + 5 + 1,463
    Surplus   27,344 + 5 + 1,463
    Other capital accounts   0 0 0
 
Total capital   54,688 + 10 + 2,925
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, August 1, 2012
Millions of dollars
Assets, liabilities, and capital Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas
City		 Dallas San
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 38 85 142 148 383 202 313 35 53 164 204 353
    Securities, repurchase agreements,
        and loans		 2,597,454 62,999 1,457,745 85,745 65,946 184,607 156,394 143,899 40,585 23,647 52,123 100,791 222,975
        Securities held outright 1 2,593,801 62,999 1,454,226 85,745 65,946 184,605 156,388 143,893 40,552 23,580 52,111 100,783 222,975
            U.S. Treasury securities 1,649,294 40,058 924,684 54,522 41,932 117,383 99,441 91,496 25,785 14,994 33,135 64,084 141,781
                Bills 2 0 0 0 0 0 0 0 0 0 0 0 0 0
                Notes and bonds 3 1,649,294 40,058 924,684 54,522 41,932 117,383 99,441 91,496 25,785 14,994 33,135 64,084 141,781
            Federal agency debt securities 2 91,029 2,211 51,036 3,009 2,314 6,479 5,488 5,050 1,423 828 1,829 3,537 7,825
            Mortgage-backed securities 4 853,478 20,729 478,506 28,214 21,699 60,743 51,459 47,347 13,343 7,759 17,147 33,162 73,369
        Repurchase agreements 5 0 0 0 0 0 0 0 0 0 0 0 0 0
        Loans 3,653 0 3,518 0 0 2 6 7 33 67 12 9 0
    Net portfolio holdings of Maiden
        Lane LLC 6		 2,085 0 2,085 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		 7,377 0 7,377 0 0 0 0 0 0 0 0 0 0
    Net portfolio holdings of TALF LLC 9 848 0 848 0 0 0 0 0 0 0 0 0 0
    Items in process of collection 348 3 0 52 41 5 170 10 4 6 5 7 46
    Bank premises 2,352 120 457 67 123 229 212 202 131 104 254 241 210
    Central bank liquidity swaps 10 31,022 1,088 10,007 2,691 2,293 6,417 1,774 828 254 127 309 497 4,739
    Other assets 11 193,259 4,996 101,981 7,751 6,144 17,320 11,618 9,990 2,881 1,687 3,650 6,957 18,285
    Interdistrict settlement account 0 + 9,375 - 26,273 - 17,625 - 476 - 12,023 + 24,140 + 416 + 3,099 + 1,484 - 641 + 1,506 + 17,018
 
Total assets 2,853,163 79,222 1,560,014 79,470 74,970 198,239 196,502 156,922 47,452 27,389 56,330 111,210 265,443
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.


9. Statement of Condition of Each Federal Reserve Bank, August 1, 2012 (continued)
Millions of dollars
Assets, liabilities, and capital Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas
City		 Dallas San
Francisco
Liabilities  
    Federal Reserve notes outstanding 1,275,309 46,126 442,429 47,148 61,745 102,348 173,291 94,033 37,557 22,577 36,723 77,198 134,133
        Less: Notes held by F.R. Banks 202,718 4,996 78,038 5,434 8,650 12,541 28,568 12,847 4,341 3,399 3,670 15,439 24,795
            Federal Reserve notes, net 1,072,591 41,131 364,390 41,715 53,095 89,807 144,723 81,186 33,216 19,178 33,054 61,759 109,338
    Reverse repurchase agreements 12 89,806 2,181 50,350 2,969 2,283 6,392 5,415 4,982 1,404 816 1,804 3,489 7,720
    Deposits 1,621,630 32,992 1,118,271 30,053 15,021 90,369 42,567 68,662 12,171 6,891 20,701 44,670 139,261
        Term deposits held by depository
            institutions		 3,040 5 1,904 623 0 115 8 5 0 50 325 5 0
        Other deposits held by depository
            institutions		 1,540,999 32,960 1,039,093 29,417 15,018 90,023 42,553 68,631 12,171 6,841 20,375 44,663 139,254
        U.S. Treasury, General Account 52,683 0 52,683 0 0 0 0 0 0 0 0 0 0
        U.S. Treasury, Supplementary
            Financing Account		 0 0 0 0 0 0 0 0 0 0 0 0 0
        Foreign official 4,233 1 4,206 3 3 8 2 1 0 0 0 1 6
        Other 20,675 25 20,384 10 0 223 4 25 0 0 1 2 1
    Deferred availability cash items 950 34 0 107 59 20 180 24 26 131 29 71 268
    Interest on Federal Reserve notes due
        to U.S. Treasury 13		 2,007 39 1,219 61 43 129 115 92 29 17 34 71 158
    Other liabilities and accrued
        dividends 14		 11,492 185 8,329 238 227 575 402 370 158 127 159 264 459
 
Total liabilities 2,798,475 76,562 1,542,560 75,143 70,729 187,291 193,401 155,316 47,004 27,160 55,781 110,323 257,204
 
Capital  
    Capital paid in 27,344 1,330 8,727 2,164 2,121 5,474 1,551 803 224 114 275 444 4,119
    Surplus 27,344 1,330 8,727 2,164 2,121 5,474 1,551 803 224 114 275 444 4,119
    Other capital 0 0 0 0 0 0 0 0 0 0 0 0 0
 
Total liabilities and capital 2,853,163 79,222 1,560,014 79,470 74,970 198,239 196,502 156,922 47,452 27,389 56,330 111,210 265,443
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.


9. Statement of Condition of Each Federal Reserve Bank, August 1, 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
Aug 1, 2012
Federal Reserve notes outstanding 1,275,309
    Less: Notes held by F.R. Banks not subject to collateralization 202,718
        Federal Reserve notes to be collateralized 1,072,591
Collateral held against Federal Reserve notes 1,072,591
    Gold certificate account 11,037
    Special drawing rights certificate account 5,200
    U.S. Treasury, agency debt, and mortgage-backed securities pledged 1,2 1,056,354
    Other assets pledged 0
Memo:  
Total U.S. Treasury, agency debt, and mortgage-backed securities 1,2 2,593,801
    Less: Face value of securities under reverse repurchase agreements 75,840
        U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 2,517,961
Note: Components may not sum to totals because of rounding.


1. 
Includes face value of U.S. Treasury, agency debt, and mortgage-backed securities held outright, compensation to adjust for the effect of inflation on the original face value of inflation-indexed securities, and cash value of repurchase agreements.
2. 
Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.

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

Statistical releases

Home | Economic research and data
Accessibility | Contact Us
Last update: August 2, 2012