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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

December 26, 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
Dec 25, 2013

Week ended
Dec 25, 2013

Change from week ended

Dec 18, 2013

Dec 26, 2012

Reserve Bank credit

3,985,589

+   27,103

+1,107,187

3,989,373

Securities held outright1

3,759,255

+   26,373

+1,084,395

3,762,993

U.S. Treasury securities

2,204,930

+   12,670

+  548,264

2,208,829

Bills2

         0

         0

         0

         0

Notes and bonds, nominal2

2,099,952

+   12,733

+  528,966

2,103,872

Notes and bonds, inflation-indexed2

    91,379

         0

+   16,639

    91,379

Inflation compensation3

    13,599

-       63

+    2,658

    13,578

Federal agency debt securities2

    57,221

         0

-   19,919

    57,221

Mortgage-backed securities4

1,497,105

+   13,704

+  556,051

1,496,943

Unamortized premiums on securities held outright5

   209,208

+      340

+   38,335

   209,102

Unamortized discounts on securities held outright5

   -12,112

-      708

-   10,550

   -12,372

Repurchase agreements6

         0

         0

         0

         0

Loans

       193

+       25

-      447

       192

Primary credit

        27

+       21

+       10

        25

Secondary credit

         0

         0

         0

         0

Seasonal credit

        69

+        5

+       39

        70

Term Asset-Backed Securities Loan Facility7

        97

-        1

-      496

        97

Other credit extensions

         0

         0

         0

         0

Net portfolio holdings of Maiden Lane LLC8

     1,525

+        5

+       97

     1,541

Net portfolio holdings of Maiden Lane II LLC9

        63

         0

+        2

        63

Net portfolio holdings of Maiden Lane III LLC10

        22

         0

         0

        22

Net portfolio holdings of TALF LLC11

       109

         0

-      747

       109

Float

      -627

-        7

+       17

    -1,052

Central bank liquidity swaps12

       273

         0

-    8,616

       273

Other Federal Reserve assets13

    27,679

+    1,074

+    4,702

    28,503

Foreign currency denominated assets14

    23,797

-      160

-    1,445

    23,786

Gold stock

    11,041

         0

         0

    11,041

Special drawing rights certificate account

     5,200

         0

         0

     5,200

Treasury currency outstanding15

    45,516

+       14

+      767

    45,516

Total factors supplying reserve funds

4,071,143

+   26,956

+1,106,510

4,074,916

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
Dec 25, 2013

Week ended
Dec 25, 2013

Change from week ended

Dec 18, 2013

Dec 26, 2012

Currency in circulation15

1,235,884

+    6,160

+   72,341

1,238,524

Reverse repurchase agreements16

   134,340

+   18,477

+   32,980

   151,257

Foreign official and international accounts

   104,595

+    4,444

+    3,235

   109,012

Others

    29,745

+   14,033

+   29,745

    42,245

Treasury cash holdings

       230

+        3

+       82

       234

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

   162,479

+   49,756

+   33,547

   169,603

Term deposits held by depository institutions

         0

-   13,532

         0

         0

U.S. Treasury, General Account

    99,122

+   28,550

+   43,559

    93,893

Foreign official

     7,989

+        6

+    1,826

     7,980

Other

    55,368

+   34,732

-   11,838

    67,731

Other liabilities and capital17

    64,056

-      293

-    3,112

    64,567

Total factors, other than reserve balances,
absorbing reserve funds

1,596,989

+   74,103

+  135,838

1,624,186

Reserve balances with Federal Reserve Banks

2,474,155

-   47,145

+  970,673

2,450,730

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
Dec 25, 2013

Week ended
Dec 25, 2013

Change from week ended

Dec 18, 2013

Dec 26, 2012

Securities held in custody for foreign official and international accounts

3,374,245

-    5,511

+  137,884

3,364,098

Marketable U.S. Treasury securities1

3,017,924

-    3,099

+  130,333

3,007,980

Federal agency debt and mortgage-backed securities2

   312,922

-    2,525

+      164

   312,705

Other securities3

    43,399

+      114

+    7,388

    43,413

Securities lent to dealers

    13,097

+    1,851

+    4,426

    13,112

Overnight facility4

    13,097

+    1,851

+    4,426

    13,112

U.S. Treasury securities

    12,061

+    1,810

+    4,104

    12,036

Federal agency debt securities

     1,037

+       42

+      323

     1,076

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, December 25, 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

        95

         0

        64

        33

         0

...

       192

U.S. Treasury securities2

Holdings

         1

       297

       177

   750,641

   877,403

   580,310

2,208,829

Weekly changes

         0

         0

         0

+    2,633

+    5,797

+    3,107

+   11,537

Federal agency debt securities3

Holdings

     1,564

     8,314

     8,666

    36,268

        62

     2,347

    57,221

Weekly changes

+    1,564

-    1,564

         0

         0

         0

         0

         0

Mortgage-backed securities4

Holdings

         0

         0

         0

         5

     2,581

1,494,357

1,496,943

Weekly changes

         0

         0

         0

         0

         0

+   11,537

+   11,536

Asset-backed securities held by
TALF LLC5

         0

         0

         0

         0

         0

         0

         0

Repurchase agreements6

         0

         0

...

...

...

...

         0

Central bank liquidity swaps7

       114

       159

         0

         0

         0

         0

       273

Reverse repurchase agreements6

   151,257

         0

...

...

...

...

   151,257

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. 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

Dec 25, 2013

Mortgage-backed securities held outright1

1,496,943

Commitments to buy mortgage-backed securities2

    51,586

Commitments to sell mortgage-backed securities2

         0

Cash and cash equivalents3

        22

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

Dec 25, 2013

Net portfolio holdings of Maiden Lane LLC1

     1,541

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 September 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

Dec 25, 2013

Net portfolio holdings of Maiden Lane II LLC1

        63

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 September 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

Dec 25, 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 September 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

Dec 25, 2013

Asset-backed securities holdings1

         0

Other investments, net

       109

Net portfolio holdings of TALF LLC

       109

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
Dec 25, 2013

Change since

Wednesday

Wednesday

Dec 18, 2013

Dec 26, 2012

Assets

Gold certificate account

    11,037

         0

         0

Special drawing rights certificate account

     5,200

         0

         0

Coin

     1,963

-        1

-      151

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

3,959,914

+   22,643

+1,129,844

Securities held outright1

3,762,993

+   23,074

+1,102,722

U.S. Treasury securities

2,208,829

+   11,537

+  551,899

Bills2

         0

         0

         0

Notes and bonds, nominal2

2,103,872

+   11,598

+  532,620

Notes and bonds, inflation-indexed2

    91,379

         0

+   16,639

Inflation compensation3

    13,578

-       61

+    2,640

Federal agency debt securities2

    57,221

         0

-   19,562

Mortgage-backed securities4

1,496,943

+   11,536

+  570,385

Unamortized premiums on securities held outright5

   209,102

+      220

+   38,358

Unamortized discounts on securities held outright5

   -12,372

-      661

-   10,813

Repurchase agreements6

         0

         0

         0

Loans

       192

+       11

-      421

Net portfolio holdings of Maiden Lane LLC7

     1,541

+       22

+      129

Net portfolio holdings of Maiden Lane II LLC8

        63

         0

+        2

Net portfolio holdings of Maiden Lane III LLC9

        22

         0

         0

Net portfolio holdings of TALF LLC10

       109

         0

-      747

Items in process of collection

(0)

       161

+       62

+       15

Bank premises

     2,290

+        3

-       49

Central bank liquidity swaps11

       273

         0

-    8,616

Foreign currency denominated assets12

    23,786

-      190

-    1,363

Other assets13

    26,216

+    1,973

+    6,211

Total assets

(0)

4,032,575

+   24,513

+1,125,275

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
Dec 25, 2013

Change since

Wednesday

Wednesday

Dec 18, 2013

Dec 26, 2012

Liabilities

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

1,195,201

+    6,025

+   70,623

Reverse repurchase agreements14

   151,257

+   39,291

+   51,404

Deposits

(0)

2,620,337

-   22,744

+1,003,080

Term deposits held by depository institutions

         0

-   13,532

         0

Other deposits held by depository institutions

2,450,733

-   15,199

+  918,046

U.S. Treasury, General Account

    93,893

-   23,105

+   38,214

Foreign official

     7,980

+        7

+    1,817

Other

(0)

    67,731

+   29,085

+   45,002

Deferred availability cash items

(0)

     1,214

+      421

+      385

Other liabilities and accrued dividends15

     9,549

+    1,488

-      507

Total liabilities

(0)

3,977,557

+   24,480

+1,124,985

Capital accounts

Capital paid in

    27,509

+       17

+      145

Surplus

    27,509

+       17

+      145

Other capital accounts

         0

         0

         0

Total capital

    55,018

+       34

+      290

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, December 25, 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

     1,963

        36

        82

       123

       131

       338

       238

       282

        19

        48

       152

       181

       333

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

3,959,914

   103,545

2,195,925

   114,730

   101,127

   246,232

   263,045

   213,993

    63,721

    37,597

    74,930

   153,766

   391,304

Securities held outright1

3,762,993

    98,398

2,086,734

   109,030

    96,103

   233,986

   249,971

   203,339

    60,548

    35,708

    71,192

   146,126

   371,859

U.S. Treasury securities

2,208,829

    57,759

1,224,886

    63,999

    56,411

   137,347

   146,730

   119,357

    35,541

    20,960

    41,789

    85,774

   218,276

Bills2

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Notes and bonds3

2,208,829

    57,759

1,224,886

    63,999

    56,411

   137,347

   146,730

   119,357

    35,541

    20,960

    41,789

    85,774

   218,276

Federal agency debt securities2

    57,221

     1,496

    31,731

     1,658

     1,461

     3,558

     3,801

     3,092

       921

       543

     1,083

     2,222

     5,655

Mortgage-backed securities4

1,496,943

    39,144

   830,116

    43,373

    38,230

    93,081

    99,440

    80,890

    24,086

    14,205

    28,321

    58,130

   147,928

Unamortized premiums on securities held outright5

   209,102

     5,468

   115,955

     6,059

     5,340

    13,002

    13,890

    11,299

     3,365

     1,984

     3,956

     8,120

    20,663

Unamortized discounts on securities held outright5

   -12,372

      -324

    -6,861

      -358

      -316

      -769

      -822

      -669

      -199

      -117

      -234

      -480

    -1,223

Repurchase agreements6

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Loans

       192

         2

        97

         0

         0

        13

         6

        24

         8

        23

        16

         0

         4

Net portfolio holdings of Maiden

Lane LLC7

     1,541

         0

     1,541

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Net portfolio holdings of Maiden

Lane II LLC8

        63

         0

        63

         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

       109

         0

       109

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Items in process of collection

       161

         0

         0

         0

         0

         0

       125

         0

         0

        37

         0

         0

         0

Bank premises

     2,290

       122

       433

        72

       111

       228

       211

       203

       127

       100

       247

       232

       204

Central bank liquidity swaps11

       273

        13

        87

        21

        21

        57

        16

         8

         2

         1

         3

         4

        39

Foreign currency denominated assets12

    23,786

     1,169

     7,606

     1,840

     1,855

     4,995

     1,355

       678

       198

       100

       241

       377

     3,373

Other assets13

    26,216

       720

    14,070

       766

       678

     1,794

     1,749

     1,412

       473

       310

       518

     1,158

     2,569

Interdistrict settlement account

         0

-   18,814

+  265,034

-   24,747

-    7,667

-   31,688

-   57,481

-   62,199

-   21,448

-   16,159

-   27,412

-   38,510

+   41,091

Total assets

4,032,575

    87,378

2,490,716

    93,412

    97,005

   223,224

   211,331

   155,594

    43,552

    22,313

    49,140

   118,218

   440,692

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.


9. Statement of Condition of Each Federal Reserve Bank, December 25, 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

1,405,929

    45,899

   513,620

    42,738

    59,318

   106,097

   171,075

    87,737

    34,949

    21,932

    37,242

   121,099

   164,223

Less: Notes held by F.R. Banks

   210,728

    10,310

    40,535

     6,273

     5,562

     9,321

    18,694

    14,352

     3,343

     9,400

    10,560

    53,677

    28,700

Federal Reserve notes, net

1,195,201

    35,589

   473,085

    36,465

    53,756

    96,776

   152,381

    73,385

    31,606

    12,532

    26,682

    67,421

   135,522

Reverse repurchase agreements14

   151,257

     3,955

    83,878

     4,383

     3,863

     9,405

    10,048

     8,173

     2,434

     1,435

     2,862

     5,874

    14,947

Deposits

2,620,337

    45,058

1,911,049

    48,098

    34,695

   104,734

    44,172

    72,019

     8,851

     7,683

    18,827

    43,639

   281,512

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

2,450,733

    45,051

1,741,659

    48,074

    34,691

   104,609

    44,160

    71,995

     8,851

     7,683

    18,825

    43,636

   281,498

U.S. Treasury, General Account

    93,893

         0

    93,893

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Foreign official

     7,980

         2

     7,952

         3

         3

         8

         2

         1

         0

         0

         0

         1

         6

Other

    67,731

         4

    67,545

        21

         0

       117

        10

        23

         0

         0

         1

         2

         8

Deferred availability cash items

     1,214

         0

         0

         0

         0

         0

       949

         0

         0

       265

         0

         0

         0

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

     3,226

        76

     1,881

        78

        62

       149

       224

       178

        52

        31

        62

       133

       299

Other liabilities and accrued
dividends16

     6,323

       198

     3,127

       252

       255

       688

       394

       320

       147

       134

       129

       230

       450

Total liabilities

3,977,557

    84,876

2,473,021

    89,275

    92,630

   211,752

   208,168

   154,075

    43,090

    22,081

    48,561

   117,298

   432,731

Capital

Capital paid in

    27,509

     1,251

     8,847

     2,068

     2,188

     5,736

     1,582

       760

       231

       116

       290

       460

     3,981

Surplus

    27,509

     1,251

     8,847

     2,068

     2,188

     5,736

     1,582

       760

       231

       116

       290

       460

     3,981

Other capital

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Total liabilities and capital

4,032,575

    87,378

2,490,716

    93,412

    97,005

   223,224

   211,331

   155,594

    43,552

    22,313

    49,140

   118,218

   440,692

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.


9. Statement of Condition of Each Federal Reserve Bank, December 25, 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

Dec 25, 2013

Federal Reserve notes outstanding

1,405,929

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

   210,728

Federal Reserve notes to be collateralized

1,195,201

Collateral held against Federal Reserve notes

1,195,201

Gold certificate account

    11,037

Special drawing rights certificate account

     5,200

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

1,178,964

Other assets pledged

         0

Memo:

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

3,762,993

Less: Face value of securities under reverse repurchase agreements

   144,833

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

3,618,160

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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