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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

September 5, 2013

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
Sep 4, 2013

Week ended
Sep 4, 2013

Change from week ended

Aug 28, 2013

Sep 5, 2012

Reserve Bank credit

3,607,114

+    5,450

+  836,352

3,610,850

Securities held outright1

3,386,037

+    6,117

+  811,547

3,390,398

U.S. Treasury securities

2,028,955

+   12,925

+  385,361

2,033,290

Bills2

         0

         0

         0

         0

Notes and bonds, nominal2

1,929,933

+   12,883

+  366,726

1,934,262

Notes and bonds, inflation-indexed2

    85,819

         0

+   15,384

    85,819

Inflation compensation3

    13,203

+       42

+    3,251

    13,209

Federal agency debt securities2

    65,713

         0

-   21,497

    65,713

Mortgage-backed securities4

1,291,369

-    6,808

+  447,682

1,291,395

Unamortized premiums on securities held outright5

   203,428

-      343

+   53,207

   203,308

Unamortized discounts on securities held outright5

    -5,237

-      652

-    3,408

    -5,365

Repurchase agreements6

         0

         0

         0

         0

Loans

       270

-        7

-    2,165

       277

Primary credit

        17

-        4

-      134

        28

Secondary credit

         0

         0

         0

         0

Seasonal credit

       150

-        4

+       17

       148

Term Asset-Backed Securities Loan Facility7

       102

         0

-    2,050

       102

Other credit extensions

         0

         0

         0

         0

Net portfolio holdings of Maiden Lane LLC8

     1,492

+        1

-      419

     1,492

Net portfolio holdings of Maiden Lane II LLC9

        64

         0

+        3

        64

Net portfolio holdings of Maiden Lane III LLC10

        22

         0

-    1,563

        22

Net portfolio holdings of TALF LLC11

       195

         0

-      656

       195

Float

      -669

-       66

+       22

    -1,281

Central bank liquidity swaps12

       317

-        4

-   23,125

       317

Other Federal Reserve assets13

    21,197

+      406

+    2,912

    21,422

Foreign currency denominated assets14

    23,797

-      178

-    1,624

    23,673

Gold stock

    11,041

         0

         0

    11,041

Special drawing rights certificate account

     5,200

         0

         0

     5,200

Treasury currency outstanding15

    45,273

+       14

+      681

    45,273

Total factors supplying reserve funds

3,692,425

+    5,286

+  835,408

3,696,038

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
Sep 4, 2013

Week ended
Sep 4, 2013

Change from week ended

Aug 28, 2013

Sep 5, 2012

Currency in circulation15

1,208,235

+    8,289

+   80,437

1,209,852

Reverse repurchase agreements16

    93,987

+    2,261

+    1,042

    92,711

Foreign official and international accounts

    93,987

+    2,261

+    1,042

    92,711

Others

         0

         0

         0

         0

Treasury cash holdings

       140

-        5

+       22

       141

Deposits with F.R. Banks, other than reserve balances

    59,874

-   49,419

+    6,494

    56,263

Term deposits held by depository institutions

         0

         0

         0

         0

U.S. Treasury, General Account

    32,432

-    4,866

+    2,384

    36,359

Foreign official

    10,381

-        3

+    5,247

    10,380

Other

    17,062

-   44,548

-    1,136

     9,524

Other liabilities and capital17

    63,602

+       54

-    1,008

    62,873

Total factors, other than reserve balances,
absorbing reserve funds

1,425,839

-   38,819

+   86,987

1,421,840

Reserve balances with Federal Reserve Banks

2,266,587

+   44,106

+  748,422

2,274,198

Note: Components may not sum to totals because of rounding.

1.

Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.

2.

Face value of the securities.

3.

Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed securities.

4.

Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of
the underlying mortgages.

5.

Reflects the premium or discount, which is the difference between the purchase price and the face value of the securities that has not been amortized.  For U.S. Treasury and Federal agency debt securities, amortization is on a straight-line basis.  For mortgage-backed securities, amortization is on an effective-interest basis.

6.

Cash value of agreements.

7.

Includes credit extended by the Federal Reserve Bank of New York to eligible borrowers through the Term Asset-Backed Securities Loan Facility.

8.

Refer to table 4 and the note on consolidation accompanying table 9.

9.

Refer to table 5 and the note on consolidation accompanying table 9.

10.

Refer to table 6 and the note on consolidation accompanying table 9.

11.

Refer to table 7 and the note on consolidation accompanying table 9.

12.

Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned
to the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the
foreign central bank.

13.

Includes accrued interest, which represents the daily accumulation of interest earned, and other accounts receivable.  Also, includes Reserve Bank premises and equipment net of allowances for depreciation.

14.

Revalued daily at current foreign currency exchange rates.

15.

Estimated.

16.

Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.

17.

Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to entities other than the Federal Reserve Bank of New York, including liabilities that have recourse only to the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note on consolidation accompanying table 9. Also includes the liability for interest on Federal Reserve notes due to U.S. Treasury. Refer to table 8 and table 9.

Sources: Federal Reserve Banks and the U.S. Department of the Treasury.



1A. Memorandum Items

Millions of dollars

Memorandum item

Averages of daily figures

Wednesday
Sep 4, 2013

Week ended
Sep 4, 2013

Change from week ended

Aug 28, 2013

Sep 5, 2012

Securities held in custody for foreign official and international accounts

3,279,323

-    4,019

+  109,305

3,282,468

Marketable U.S. Treasury securities1

2,925,796

-    3,589

+  128,533

2,929,521

Federal agency debt and mortgage-backed securities2

   315,536

-      808

-   18,560

   315,111

Other securities3

    37,991

+      378

-      668

    37,836

Securities lent to dealers

    14,373

+      967

+    9,166

    13,250

Overnight facility4

    14,373

+      967

+    9,166

    13,250

U.S. Treasury securities

    13,487

+      940

+    8,921

    12,459

Federal agency debt securities

       886

+       27

+      245

       791

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, September 4, 2013

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 year
to 10 years

Over 10
years

All

Loans1

        79

        96

        29

        73

         0

...

       277

U.S. Treasury securities2

Holdings

         0

         5

       385

   646,497

   864,316

   522,087

2,033,290

Weekly changes

-        1

+        1

+        3

+   18,934

-   10,842

+    1,586

+    9,680

Federal agency debt securities3

Holdings

     2,061

     5,280

    16,810

    39,153

        62

     2,347

    65,713

Weekly changes

+      564

-      564

         0

         0

         0

         0

         0

Mortgage-backed securities4

Holdings

         0

         0

         0

         2

     2,599

1,288,793

1,291,395

Weekly changes

         0

         0

         0

+        1

+        1

+       52

+       54

Asset-backed securities held by
TALF LLC5

         0

         0

         0

         0

         0

         0

         0

Repurchase agreements6

         0

         0

...

...

...

...

         0

Central bank liquidity swaps7

       159

       158

         0

         0

         0

         0

       317

Reverse repurchase agreements6

    92,711

         0

...

...

...

...

    92,711

Term deposits

         0

         0

         0

...

...

...

         0

Note: Components may not sum to totals because of rounding.
...Not applicable.

1.

Excludes the loans from the Federal Reserve Bank of New York (FRBNY) to Maiden Lane LLC, Maiden Lane II LLC, Maiden
Lane III LLC, and TALF LLC. The loans were eliminated when preparing the FRBNY's statement of condition consistent with consolidation
under generally accepted accounting principles.

2.

Face value. For inflation-indexed securities, includes the original face value and compensation that adjusts for the effect of inflation on the
original face value of such securities.

3.

Face value.

4.

Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the underlying mortgages.

5.

Face value of asset-backed securities held by TALF LLC, which is the remaining principal balance of the underlying assets.

6.

Cash value of agreements.

7.

Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to
the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the foreign
central bank.


3. Supplemental Information on Mortgage-Backed Securities

Millions of dollars

Account name

Wednesday

Sep 4, 2013

Mortgage-backed securities held outright1

1,291,395

Commitments to buy mortgage-backed securities2

    94,264

Commitments to sell mortgage-backed securities2

         0

Cash and cash equivalents3

        20

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

Sep 4, 2013

Net portfolio holdings of Maiden Lane LLC1

     1,492

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2

         0

Accrued interest payable to the Federal Reserve Bank of New York2

         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

Sep 4, 2013

Net portfolio holdings of Maiden Lane II LLC1

        64

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2

         0

Accrued interest payable to the Federal Reserve Bank of New York2

         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

Sep 4, 2013

Net portfolio holdings of Maiden Lane III LLC1

        22

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2

         0

Accrued interest payable to the Federal Reserve Bank of New York2

         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

Sep 4, 2013

Asset-backed securities holdings1

         0

Other investments, net

       195

Net portfolio holdings of TALF LLC

       195

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2

         0

Accrued interest payable to the Federal Reserve Bank of New York2

         0

Funding provided by U.S. Treasury to TALF LLC, including accrued interest payable3

         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 from consolidation

Wednesday
Sep 4, 2013

Change since

Wednesday

Wednesday

Aug 28, 2013

Sep 5, 2012

Assets

Gold certificate account

    11,037

         0

         0

Special drawing rights certificate account

     5,200

         0

         0

Coin

     1,983

-        9

-      152

Securities, unamortized premiums and discounts, repurchase agreements, and loans

3,588,619

+    9,060

+  857,506

Securities held outright1

3,390,398

+    9,734

+  810,617

U.S. Treasury securities

2,033,290

+    9,680

+  384,428

Bills2

         0

         0

         0

Notes and bonds, nominal2

1,934,262

+    9,653

+  365,770

Notes and bonds, inflation-indexed2

    85,819

         0

+   15,384

Inflation compensation3

    13,209

+       28

+    3,274

Federal agency debt securities2

    65,713

         0

-   21,497

Mortgage-backed securities4

1,291,395

+       54

+  447,685

Unamortized premiums on securities held outright5

   203,308

-      201

+   52,654

Unamortized discounts on securities held outright5

    -5,365

-      466

-    3,546

Repurchase agreements6

         0

         0

         0

Loans

       277

-        8

-    2,220

Net portfolio holdings of Maiden Lane LLC7

     1,492

+        1

-      423

Net portfolio holdings of Maiden Lane II LLC8

        64

         0

+        3

Net portfolio holdings of Maiden Lane III LLC9

        22

         0

-    1,563

Net portfolio holdings of TALF LLC10

       195

         0

-      656

Items in process of collection

(0)

       157

+       71

-       49

Bank premises

     2,283

-        8

-       66

Central bank liquidity swaps11

       317

-        4

-   23,125

Foreign currency denominated assets12

    23,673

-      309

-    1,774

Other assets13

    19,139

+      922

+    2,313

Total assets

(0)

3,654,182

+    9,726

+  832,013

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
Sep 4, 2013

Change since

Wednesday

Wednesday

Aug 28, 2013

Sep 5, 2012

Liabilities

Federal Reserve notes, net of F.R. Bank holdings

1,166,699

+    6,189

+   80,093

Reverse repurchase agreements14

    92,711

+    2,187

+    2,863

Deposits

(0)

2,330,460

+    1,097

+  750,103

Term deposits held by depository institutions

         0

         0

         0

Other deposits held by depository institutions

2,274,198

+    9,623

+  745,815

U.S. Treasury, General Account

    36,359

+   11,295

+    9,798

Foreign official

    10,380

-        2

+    5,296

Other

(0)

     9,524

-   19,819

-   10,805

Deferred availability cash items

(0)

     1,438

+      716

+       66

Other liabilities and accrued dividends15

     7,986

-      398

-    1,365

Total liabilities

(0)

3,599,295

+    9,792

+  831,761

Capital accounts

Capital paid in

    27,444

-       33

+      127

Surplus

    27,444

-       33

+      127

Other capital accounts

         0

         0

         0

Total capital

    54,887

-       66

+      252

Note: Components may not sum to totals because of rounding.

1.

Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.

2.

Face value of the securities.

3.

Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed securities.

4.

Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the underlying mortgages.

5.

Reflects the premium or discount, which is the difference between the purchase price and the face value of the securities that has not been amortized.  For U.S. Treasury and Federal agency debt securities, amortization is on a straight-line basis.  For mortgage-backed securities, amortization is on an effective-interest basis.

6.

Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.

7.

Refer to table 4 and the note on consolidation accompanying table 9.

8.

Refer to table 5 and the note on consolidation accompanying table 9.

9.

Refer to table 6 and the note on consolidation accompanying table 9.

10.

Refer to table 7 and the note on consolidation accompanying table 9.

11.

Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to
the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the foreign
central bank.

12.

Revalued daily at current foreign currency exchange rates.

13.

Includes accrued interest, which represents the daily accumulation of interest earned, and other accounts receivable.

14.

Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.

15.

Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to entities other than the Federal
Reserve Bank of New York, including liabilities that have recourse only to the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note on consolidation accompanying table 9. Also includes the liability for interest on Federal Reserve notes due to U.S. Treasury.


9. Statement of Condition of Each Federal Reserve Bank, September 4, 2013

Millions of dollars

Assets, liabilities, and capital

Total

Boston

New York

Philadelphia

Cleveland

Richmond

Atlanta

Chicago

St. Louis

Minneapolis

Kansas

Dallas

San

City

Francisco

Assets

Gold certificate account

    11,037

       391

     3,925

       397

       512

       856

     1,421

       792

       310

       190

       309

       728

     1,206

Special drawing rights certificate acct.

     5,200

       196

     1,818

       210

       237

       412

       654

       424

       150

        90

       153

       282

       574

Coin

     1,983

        34

        88

       125

       136

       342

       198

       288

        28

        47

       160

       192

       346

Securities, unamortized premiums and discounts, repurchase agreements,
and loans

3,588,619

    93,832

1,989,984

   103,976

    91,643

   223,126

   238,392

   193,922

    57,774

    34,097

    67,909

   139,356

   354,610

Securities held outright1

3,390,398

    88,656

1,880,115

    98,234

    86,587

   210,818

   225,220

   183,205

    54,553

    32,172

    64,143

   131,658

   335,039

U.S. Treasury securities

2,033,290

    53,169

1,127,543

    58,913

    51,928

   126,432

   135,069

   109,872

    32,716

    19,294

    38,468

    78,958

   200,930

Bills2

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Notes and bonds3

2,033,290

    53,169

1,127,543

    58,913

    51,928

   126,432

   135,069

   109,872

    32,716

    19,294

    38,468

    78,958

   200,930

Federal agency debt securities2

    65,713

     1,718

    36,441

     1,904

     1,678

     4,086

     4,365

     3,551

     1,057

       624

     1,243

     2,552

     6,494

Mortgage-backed securities4

1,291,395

    33,769

   716,131

    37,417

    32,981

    80,300

    85,786

    69,782

    20,779

    12,254

    24,432

    50,148

   127,616

Unamortized premiums on securities held outright5

   203,308

     5,316

   112,743

     5,891

     5,192

    12,642

    13,505

    10,986

     3,271

     1,929

     3,846

     7,895

    20,091

Unamortized discounts on securities held outright5

    -5,365

      -140

    -2,975

      -155

      -137

      -334

      -356

      -290

       -86

       -51

      -101

      -208

      -530

Repurchase agreements6

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Loans

       277

         0

       102

         7

         0

         0

        23

        20

        36

        46

        21

        12

        10

Net portfolio holdings of Maiden

Lane LLC7

     1,492

         0

     1,492

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Net portfolio holdings of Maiden

Lane II LLC8

        64

         0

        64

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Net portfolio holdings of Maiden

Lane III LLC9

        22

         0

        22

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Net portfolio holdings of TALF LLC10

       195

         0

       195

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Items in process of collection

       157

         0

         0

         0

         0

         0

       156

         0

         0

         1

         0

         0

         0

Bank premises

     2,283

       118

       426

        72

       112

       229

       212

       201

       127

       100

       249

       233

       204

Central bank liquidity swaps11

       317

        16

       101

        25

        25

        67

        18

         9

         3

         1

         3

         5

        45

Foreign currency denominated assets12

    23,673

     1,163

     7,570

     1,831

     1,846

     4,971

     1,348

       675

       197

        99

       239

       376

     3,357

Other assets13

    19,139

       532

    10,218

       588

       497

     1,372

     1,296

     1,035

       340

       242

       382

       766

     1,870

Interdistrict settlement account

         0

-   26,389

+  224,270

-   25,477

-   15,544

-    6,856

-   39,006

-   52,691

-   13,996

-   14,043

-   22,803

-   31,212

+   23,747

Total assets

3,654,182

    69,892

2,240,174

    81,747

    79,463

   224,519

   204,689

   144,655

    44,933

    20,824

    46,601

   110,726

   385,959

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, September 4, 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

1,493,232

    47,234

   550,774

    45,363

    62,257

   112,877

   184,116

    96,764

    37,573

    23,565

    39,594

   121,082

   172,033

Less: Notes held by F.R. Banks

   326,533

    12,742

    93,280

     8,984

     9,698

    14,690

    34,703

    23,446

     4,831

    10,991

    13,382

    60,669

    39,118

Federal Reserve notes, net

1,166,699

    34,492

   457,493

    36,379

    52,559

    98,188

   149,413

    73,318

    32,742

    12,575

    26,212

    60,414

   132,915

Reverse repurchase agreements14

    92,711

     2,424

    51,412

     2,686

     2,368

     5,765

     6,159

     5,010

     1,492

       880

     1,754

     3,600

     9,162

Deposits

2,330,460

    30,160

1,709,477

    38,234

    19,941

   108,526

    44,056

    64,388

    10,050

     6,887

    17,903

    45,478

   235,360

Term deposits held by depository institutions

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Other deposits held by depository institutions

2,274,198

    30,156

1,653,606

    38,197

    19,937

   108,231

    44,044

    64,364

    10,050

     6,887

    17,902

    45,477

   235,348

U.S. Treasury, General Account

    36,359

         0

    36,359

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Foreign official

    10,380

         2

    10,353

         3

         3

         8

         2

         1

         0

         0

         0

         1

         6

Other

     9,524

         3

     9,160

        34

         0

       286

        10

        22

         0

         0

         1

         1

         7

Deferred availability cash items

     1,438

         0

         0

         0

         0

         0

     1,340

         0

         0

        99

         0

         0

         0

Interest on Federal Reserve notes due
to U.S. Treasury15

     1,444

        28

       896

        43

        15

        35

       104

        83

        24

        13

        28

        63

       113

Other liabilities and accrued
dividends16

     6,542

       190

     3,421

       226

       228

       575

       417

       343

       161

       138

       141

       250

       452

Total liabilities

3,599,295

    67,294

2,222,700

    77,569

    75,111

   213,087

   201,488

   143,141

    44,469

    20,591

    46,038

   109,805

   378,002

Capital

Capital paid in

    27,444

     1,299

     8,737

     2,089

     2,176

     5,716

     1,600

       757

       232

       117

       281

       461

     3,979

Surplus

    27,444

     1,299

     8,737

     2,089

     2,176

     5,716

     1,600

       757

       232

       117

       281

       461

     3,979

Other capital

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Total liabilities and capital

3,654,182

    69,892

2,240,174

    81,747

    79,463

   224,519

   204,689

   144,655

    44,933

    20,824

    46,601

   110,726

   385,959

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, September 4, 2013 (continued)

1.

Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.

2.

Face value of the securities.

3.

Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face value of such securities.

4.

Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the underlying mortgages.

5.

Reflects the premium or discount, which is the difference between the purchase price and the face value of the securities that has not been amortized.  For U.S. Treasury and Federal agency debt securities, amortization is on a straight-line basis.  For mortgage-backed securities, amortization is on an effective-interest basis.

6.

Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.

7.

Refer to table 4 and the note on consolidation below.

8.

Refer to table 5 and the note on consolidation below.

9.

Refer to table 6 and the note on consolidation below.

10.

Refer to table 7 and the note on consolidation below.

11.

Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate
equals the market exchange rate used when the foreign currency was acquired from the foreign central bank.

12.

Revalued daily at current foreign currency exchange rates.

13.

Includes accrued interest, which represents the daily accumulation of interest earned, and other accounts receivable.

14.

Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.

15.

Represents the estimated weekly remittances to U.S. Treasury as interest on Federal Reserve notes or, in those cases where the Reserve Bank's net earnings are not sufficient to equate surplus to capital paid-in, the deferred asset for interest on Federal Reserve notes. The amount of any deferred asset, which is presented as a negative amount in this line, represents the amount of the Federal Reserve Bank's earnings that must be retained before remittances to the U.S. Treasury resume. The amounts on this line are calculated in accordance with Board of Governors policy, which requires the Federal Reserve Banks to remit residual earnings to the U.S. Treasury as interest on Federal Reserve notes after providing for the costs of operations, payment of dividends, and the amount necessary to equate surplus with capital paid-in.

16.

Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to entities other than the Federal Reserve Bank of New York, including liabilities that have recourse only to the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note on consolidation below.

Note on consolidation:

The Federal Reserve Bank of New York (FRBNY) has extended loans to several limited liability companies under the authority of section 13(3) of the Federal Reserve Act. On June 26, 2008, a loan was extended to Maiden Lane LLC, which was formed to acquire certain assets of Bear Stearns. On November 25, 2008, a loan was extended to Maiden Lane III LLC, which was formed to purchase multi-sector collateralized debt obligations on which the Financial Products group of the American International Group, Inc. has written credit default swap contracts. On December 12, 2008, a loan was extended to Maiden Lane II LLC, which was formed to purchase residential mortgage-backed securities from the U.S. securities lending reinvestment portfolio of subsidiaries of American International Group, Inc. On November 25, 2008, the Federal Reserve Board authorized the FRBNY to extend credit to TALF LLC, which was formed to purchase and manage any asset-backed securities received by the FRBNY in connection with the decision of a borrower not to repay a loan extended under the Term Asset-Backed Securities Loan Facility.

The FRBNY is the primary beneficiary of TALF LLC, because of the two beneficiaries of the LLC, the FRBNY and the U.S. Treasury, the FRBNY is primarily responsible for directing the financial activities of TALF LLC. The FRBNY is the primary beneficiary of the other LLCs cited above because it will receive a majority of any residual returns of the LLCs and absorb a majority of any residual losses of the LLCs. Consistent with generally accepted accounting principles, the assets and liabilities of these LLCs have been consolidated with the assets and liabilities of the FRBNY in the preparation of the statements of condition shown on this release. As a consequence of the consolidation, the extensions of credit from the FRBNY to the LLCs are eliminated, the net assets of the LLCs appear as assets on the previous page (and in table 1 and table 8), and the liabilities of the LLCs to entities other than the FRBNY, including those with recourse only to the portfolio holdings of the LLCs, are included in other liabilities in this table (and table 1 and table 8).

10. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts

Millions of dollars

Federal Reserve notes and collateral

Wednesday

Sep 4, 2013

Federal Reserve notes outstanding

1,493,232

Less: Notes held by F.R. Banks not subject to collateralization

   326,533

Federal Reserve notes to be collateralized

1,166,699

Collateral held against Federal Reserve notes

1,166,699

Gold certificate account

    11,037

Special drawing rights certificate account

     5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2

1,150,462

Other assets pledged

         0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2

3,390,398

Less: Face value of securities under reverse repurchase agreements

    84,966

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged

3,305,432

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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