The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
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 12, 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 Reserve Bank credit Securities held outright1 U.S. Treasury securities Bills2 Notes and bonds, nominal2 Notes and bonds, inflation-indexed2 Inflation compensation3 Federal agency debt securities2 Mortgage-backed securities4 Unamortized premiums on securities held outright5 Unamortized discounts on securities held outright5 Repurchase agreements6 Loans Primary credit Secondary credit Seasonal credit Term Asset-Backed Securities Loan Facility7 Other credit extensions Net portfolio holdings of Maiden Lane LLC8 Net portfolio holdings of Maiden Lane II LLC9 Net portfolio holdings of Maiden Lane III LLC10 Net portfolio holdings of TALF LLC11 Float Central bank liquidity swaps12 Other Federal Reserve assets13 Foreign currency denominated assets14 Gold stock Special drawing rights certificate account Treasury currency outstanding15 Week ended Dec 11, 2013 3,905,469 3,682,264 2,178,018 0 2,074,152 90,179 13,686 58,208 1,446,039 207,887 -10,735 0 169 13 0 58 98 0 1,520 63 22 109 -661 272 24,559 23,966 11,041 5,200 45,474 Averages of daily figures Change from week ended Dec 4, 2013 Dec 12, 2012 + + + + + + + + + - + + + + + 21,079 19,280 13,266 0 13,120 200 55 164 6,179 291 483 0 3 9 0 5 0 0 3 0 0 1 97 0 1,889 83 0 0 14 3,991,150 + 21,176 Total factors supplying reserve funds Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table. Wednesday Dec 11, 2013 +1,073,824 +1,051,357 + 516,498 0 + 497,053 + 16,636 + 2,808 21,075 + 555,935 + 41,266 9,205 0 756 + 8 0 + 37 801 0 + 86 + 2 0 747 + 117 12,096 + 3,800 1,309 0 0 + 730 3,950,970 3,725,907 2,185,719 0 2,080,640 91,379 13,700 57,221 1,482,966 209,015 -11,111 0 173 13 0 62 98 0 1,520 63 22 109 -628 272 25,628 24,079 11,041 5,200 45,474 +1,073,245 4,036,765 H.4.1 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 Week ended Dec 11, 2013 Averages of daily figures Change from week ended Dec 4, 2013 Dec 12, 2012 Currency in circulation15 Reverse repurchase agreements16 Foreign official and international accounts Others Treasury cash holdings Deposits with F.R. Banks, other than reserve balances Term deposits held by depository institutions U.S. Treasury, General Account Foreign official Other Other liabilities and capital17 1,227,537 112,895 100,398 12,497 229 62,172 13,532 28,992 8,127 11,521 64,292 + - Total factors, other than reserve balances, absorbing reserve funds Reserve balances with Federal Reserve Banks Note: Components may not sum to totals because of rounding. 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. Wednesday Dec 11, 2013 + + 467 3,682 2,177 1,504 4 6,852 0 8,955 608 2,710 757 + + + + + + + - 72,790 14,609 2,434 12,176 85 13,999 13,532 9,988 2,172 19,715 4,048 1,229,746 135,741 101,280 34,461 226 62,783 13,532 21,490 7,971 19,789 67,548 1,467,126 - 10,239 + 69,438 1,496,044 2,524,024 + 31,415 +1,003,807 2,540,722 Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A. Face value of the securities. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed securities. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the remaining principal balance of the securities. 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. Cash value of agreements. Includes credit extended by the Federal Reserve Bank of New York to eligible borrowers through the Term Asset-Backed Securities Loan Facility. Refer to table 4 and the note on consolidation accompanying table 9. Refer to table 5 and the note on consolidation accompanying table 9. Refer to table 6 and the note on consolidation accompanying table 9. Refer to table 7 and the note on consolidation accompanying table 9. 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. 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. Revalued daily at current foreign currency exchange rates. Estimated. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities. 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. H.4.1 1A. Memorandum Items Millions of dollars Memorandum item Week ended Dec 11, 2013 Securities held in custody for foreign official and international accounts Marketable U.S. Treasury securities1 Federal agency debt and mortgage-backed securities2 Other securities3 Securities lent to dealers Overnight facility4 U.S. Treasury securities Federal agency debt securities Note: Components may not sum to totals because of rounding. 1. 2. 3. 4. Averages of daily figures Change from week ended Dec 4, 2013 Dec 12, 2012 3,368,015 3,006,880 318,055 43,080 11,580 11,580 10,648 932 + + + - 6,840 7,252 720 308 2,040 2,040 1,859 181 + + + + + + + + Wednesday Dec 11, 2013 153,094 145,632 111 7,351 5,673 5,673 5,444 230 3,378,505 3,019,126 316,075 43,304 11,556 11,556 10,711 845 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. Face value of federal agency securities and current face value of mortgage-backed securities, which is the remaining principal balance of the securities. Includes non-marketable U.S. Treasury securities, supranationals, corporate bonds, asset-backed securities, and commercial paper at face value. Face value. Fully collateralized by U.S. Treasury securities. 2. Maturity Distribution of Securities, Loans, and Selected Other Assets and Liabilities, December 11, 2013 Millions of dollars Within 15 days Remaining Maturity Loans1 U.S. Treasury securities2 Holdings Weekly changes Federal agency debt securities3 Holdings Weekly changes Mortgage-backed securities4 Holdings Weekly changes Asset-backed securities held by TALF LLC5 Repurchase agreements6 Central bank liquidity swaps7 - 16 days to 90 days 2. 3. 4. 5. 6. 7. Over 1 year to 5 years Over 5 year to 10 years 34 0 Over 10 years All 18 56 65 0 0 298 0 177 0 0 1,151 5,810 0 12,734 0 36,268 0 62 0 0 0 0 0 0 0 4 0 2,593 0 0 0 0 0 0 272 0 ... 0 0 ... 0 0 ... 0 0 ... 0 0 0 272 0 0 ... 0 ... ... ... ... ... ... 135,741 13,532 135,741 Reverse repurchase agreements6 13,532 Term deposits Note: Components may not sum to totals because of rounding. ...Not applicable. 1. 91 days to 1 year + 748,015 5,121 + 864,707 6,351 ... + + 173 572,522 4,458 + 2,185,719 15,931 2,347 0 - 57,221 1,151 1,480,369 43,102 + 1,482,966 43,102 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. 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. Face value. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the remaining principal balance of the securities. Face value of asset-backed securities held by TALF LLC, which is the remaining principal balance of the underlying assets. Cash value of agreements. 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. H.4.1 3. Supplemental Information on Mortgage-Backed Securities Millions of dollars Account name Mortgage-backed securities held outright1 Commitments to buy mortgage-backed securities2 Commitments to sell mortgage-backed securities2 Wednesday Dec 11, 2013 1,482,966 47,351 0 138 Cash and cash equivalents3 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 Net portfolio holdings of Maiden Lane LLC1 Wednesday Dec 11, 2013 1,520 0 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 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 Net portfolio holdings of Maiden Lane II LLC1 Wednesday Dec 11, 2013 63 0 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 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. H.4.1 6. Information on Principal Accounts of Maiden Lane III LLC Millions of dollars Account name Net portfolio holdings of Maiden Lane III LLC1 Wednesday Dec 11, 2013 22 0 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 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 Asset-backed securities holdings1 Other investments, net Net portfolio holdings of TALF LLC Wednesday Dec 11, 2013 0 109 109 0 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 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. H.4.1 8. Consolidated Statement of Condition of All Federal Reserve Banks Millions of dollars Assets, liabilities, and capital Assets Gold certificate account Special drawing rights certificate account Coin Securities, unamortized premiums and discounts, repurchase agreements, and loans Securities held outright1 U.S. Treasury securities Bills2 Notes and bonds, nominal2 Notes and bonds, inflation-indexed2 Inflation compensation3 Federal agency debt securities2 Mortgage-backed securities4 Unamortized premiums on securities held outright5 Unamortized discounts on securities held outright5 Repurchase agreements6 Loans Net portfolio holdings of Maiden Lane LLC7 Net portfolio holdings of Maiden Lane II LLC8 Net portfolio holdings of Maiden Lane III LLC9 Net portfolio holdings of TALF LLC10 Items in process of collection Bank premises Central bank liquidity swaps11 Foreign currency denominated assets12 Other assets13 Eliminations from consolidation Wednesday Dec 11, 2013 11,037 5,200 1,947 (0) 3,923,984 3,725,907 2,185,719 0 2,080,640 91,379 13,700 57,221 1,482,966 209,015 -11,111 0 173 1,520 63 22 109 94 2,284 272 24,079 23,344 (0) 3,993,955 Total assets Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table. Change since Wednesday Wednesday Dec 4, 2013 Dec 12, 2012 + + + + 0 0 21 - 0 0 179 + + 58,443 57,883 15,931 0 14,550 1,400 19 1,151 43,102 1,247 699 0 12 1 0 0 1 0 0 0 273 2,591 +1,086,671 +1,057,016 + 524,912 0 + 505,526 + 16,639 + 2,747 22,062 + 554,165 + 39,892 9,582 0 654 + 86 + 2 0 747 17 51 12,096 1,190 + 4,216 + 61,329 +1,076,695 + + + + + + - H.4.1 8. Consolidated Statement of Condition of All Federal Reserve Banks (continued) Millions of dollars Assets, liabilities, and capital Liabilities Federal Reserve notes, net of F.R. Bank holdings Reverse repurchase agreements14 Deposits Term deposits held by depository institutions Other deposits held by depository institutions U.S. Treasury, General Account Foreign official Other Deferred availability cash items Other liabilities and accrued dividends15 Total liabilities Capital accounts Capital paid in Surplus Other capital accounts Total capital Note: Components may not sum to totals because of rounding. 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. Eliminations from consolidation (0) (0) (0) (0) Wednesday Dec 11, 2013 Change since Wednesday Wednesday Dec 4, 2013 Dec 12, 2012 1,186,440 135,741 2,603,505 13,532 2,540,722 21,490 7,971 19,789 721 12,567 + + + + + + 1,180 26,149 29,095 0 30,096 10,889 763 10,650 117 5,020 + + + + + + - 3,938,974 + 61,327 +1,076,440 27,490 27,490 0 54,981 + 72,913 33,297 978,306 13,532 992,493 9,909 2,130 19,941 449 7,626 0 0 0 + + 127 127 0 1 + 255 Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A. Face value of the securities. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed securities. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the remaining principal balance of the securities. 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. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities. Refer to table 4 and the note on consolidation accompanying table 9. Refer to table 5 and the note on consolidation accompanying table 9. Refer to table 6 and the note on consolidation accompanying table 9. Refer to table 7 and the note on consolidation accompanying table 9. 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. Revalued daily at current foreign currency exchange rates. Includes accrued interest, which represents the daily accumulation of interest earned, and other accounts receivable. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities. 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. H.4.1 9. Statement of Condition of Each Federal Reserve Bank, December 11, 2013 Millions of dollars Assets, liabilities, and capital Assets Gold certificate account Special drawing rights certificate acct. Coin Securities, unamortized premiums and discounts, repurchase agreements, and loans Securities held outright1 U.S. Treasury securities Bills2 Notes and bonds3 Federal agency debt securities2 Mortgage-backed securities4 Unamortized premiums on securities held outright5 Unamortized discounts on securities held outright5 Repurchase agreements6 Loans Net portfolio holdings of Maiden Lane LLC7 Net portfolio holdings of Maiden Lane II LLC8 Net portfolio holdings of Maiden Lane III LLC9 Net portfolio holdings of TALF LLC10 Items in process of collection Bank premises Central bank liquidity swaps11 Foreign currency denominated assets12 Other assets13 Interdistrict settlement account Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas City San Francisco Dallas 11,037 5,200 1,947 391 196 35 3,925 1,818 82 397 210 125 512 237 129 856 412 334 1,421 654 230 792 424 282 310 150 26 190 90 46 309 153 147 728 282 177 1,206 574 333 3,923,984 3,725,907 2,185,719 0 2,185,719 57,221 1,482,966 102,604 97,429 57,154 0 57,154 1,496 38,778 2,176,014 2,066,168 1,212,071 0 1,212,071 31,731 822,366 113,690 107,955 63,330 0 63,330 1,658 42,968 100,210 95,156 55,821 0 55,821 1,461 37,873 243,986 231,680 135,910 0 135,910 3,558 92,212 260,654 247,507 145,194 0 145,194 3,801 98,511 212,048 201,335 118,109 0 118,109 3,092 80,134 63,146 59,951 35,169 0 35,169 921 23,861 37,251 35,356 20,741 0 20,741 543 14,072 74,249 70,490 41,351 0 41,351 1,083 28,056 152,371 144,686 84,877 0 84,877 2,222 57,587 387,762 368,194 215,993 0 215,993 5,655 146,547 209,015 5,466 115,907 6,056 5,338 12,997 13,885 11,294 3,363 1,983 3,954 8,117 20,655 -11,111 0 173 -291 0 0 -6,161 0 100 -322 0 0 -284 0 0 -691 0 0 -738 0 0 -600 0 19 -179 0 11 -105 0 17 -210 0 15 -431 0 0 -1,098 0 11 1,520 0 1,520 0 0 0 0 0 0 0 0 0 0 63 0 63 0 0 0 0 0 0 0 0 0 0 22 109 94 2,284 272 24,079 23,344 0 - 0 0 0 122 13 1,183 644 28,923 + 22 109 0 429 87 7,700 12,515 229,045 - 0 0 0 72 21 1,862 710 19,051 - 0 0 0 111 21 1,878 603 6,755 - 3,993,955 76,265 2,433,329 98,036 96,946 Total assets Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table. 0 0 0 228 57 5,056 1,625 23,555 228,998 0 0 93 211 15 1,372 1,571 51,997 214,224 0 0 0 202 8 687 1,259 62,422 153,280 0 0 0 127 2 201 426 19,170 - 0 0 0 100 1 101 282 15,689 - 0 0 0 247 3 244 462 26,547 - 45,217 22,372 49,266 0 0 0 231 4 382 960 36,920 + 118,217 0 0 0 204 39 3,415 2,287 61,985 457,805 H.4.1 9. Statement of Condition of Each Federal Reserve Bank, December 11, 2013 (continued) Millions of dollars Assets, liabilities, and capital Liabilities Federal Reserve notes outstanding Less: Notes held by F.R. Banks Federal Reserve notes, net Reverse repurchase agreements14 Deposits Term deposits held by depository institutions Other deposits held by depository institutions U.S. Treasury, General Account Foreign official Other Deferred availability cash items Interest on Federal Reserve notes due to U.S. Treasury15 Other liabilities and accrued dividends16 Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas City San Francisco Dallas 1,416,530 230,089 1,186,440 135,741 2,603,505 46,333 10,566 35,767 3,549 34,095 518,859 50,581 468,278 75,274 1,865,238 43,283 6,727 36,556 3,933 52,986 59,845 6,404 53,441 3,467 35,258 107,817 10,165 97,652 8,440 110,416 171,495 20,470 151,025 9,017 49,651 90,163 17,335 72,828 7,335 70,985 35,647 3,420 32,227 2,184 10,101 22,297 9,664 12,633 1,288 7,918 37,276 10,877 26,399 2,568 19,482 119,088 53,849 65,239 5,271 46,352 164,427 30,030 134,397 13,414 301,023 13,532 5 10,290 0 0 25 500 1,105 10 102 90 105 1,300 2,540,722 21,490 7,971 19,789 721 34,087 0 2 1 0 1,806,034 21,490 7,944 19,480 0 52,963 0 3 20 0 35,255 0 3 0 0 110,155 0 8 227 0 49,139 0 2 10 613 69,856 0 1 23 0 10,090 0 0 1 0 7,817 0 0 0 108 19,387 0 0 4 0 46,244 0 1 3 0 299,695 0 6 22 0 2,094 61 1,099 73 67 166 139 112 32 19 37 76 214 10,472 290 5,772 352 339 852 618 502 211 173 201 366 796 3,938,974 73,763 2,415,661 93,899 92,571 217,526 211,063 151,761 44,755 22,139 48,687 117,305 449,844 27,490 27,490 0 1,251 1,251 0 8,834 8,834 0 2,068 2,068 0 2,188 2,188 0 5,736 5,736 0 1,580 1,580 0 759 759 0 231 231 0 116 116 0 290 290 0 456 456 0 3,981 3,981 0 3,993,955 76,265 2,433,329 98,036 96,946 Total liabilities and capital Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table. 228,998 214,224 153,280 45,217 22,372 49,266 118,217 457,805 Total liabilities Capital Capital paid in Surplus Other capital H.4.1 9. Statement of Condition of Each Federal Reserve Bank, December 11, 2013 (continued) 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A. Face value of the securities. 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. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the remaining principal balance of the securities. 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. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities. Refer to table 4 and the note on consolidation below. Refer to table 5 and the note on consolidation below. Refer to table 6 and the note on consolidation below. Refer to table 7 and the note on consolidation below. 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. Revalued daily at current foreign currency exchange rates. Includes accrued interest, which represents the daily accumulation of interest earned, and other accounts receivable. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities. 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. 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). H.4.1 10. Collateral Held against Federal Reserve Notes: Federal Reserve Agents’ Accounts Millions of dollars Federal Reserve notes and collateral Federal Reserve notes outstanding Less: Notes held by F.R. Banks not subject to collateralization Federal Reserve notes to be collateralized Collateral held against Federal Reserve notes Gold certificate account Special drawing rights certificate account U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 Other assets pledged Memo: Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 Less: Face value of securities under reverse repurchase agreements U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged Note: Components may not sum to totals because of rounding. 1. 2. 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. Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A. Wednesday Dec 11, 2013 1,416,530 230,089 1,186,440 1,186,440 11,037 5,200 1,170,203 0 3,725,907 126,454 3,599,453
@FedFRASER