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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

January 23, 2014

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
Jan 22, 2014

Week ended
Jan 22, 2014

Change from week ended

Jan 15, 2014

Jan 23, 2013

Reserve Bank credit

4,045,116

+   37,733

+1,095,876

4,054,908

Securities held outright1

3,815,952

+   37,045

+1,077,874

3,825,808

U.S. Treasury securities

2,228,046

+   11,167

+  534,211

2,231,430

Bills2

         0

         0

         0

         0

Notes and bonds, nominal2

2,122,020

+   10,319

+  513,798

2,125,420

Notes and bonds, inflation-indexed2

    92,615

+      883

+   17,677

    92,615

Inflation compensation3

    13,410

-       36

+    2,735

    13,395

Federal agency debt securities2

    54,911

-      639

-   20,200

    54,911

Mortgage-backed securities4

1,532,995

+   26,517

+  563,863

1,539,467

Unamortized premiums on securities held outright5

   209,059

+      389

+   33,757

   209,225

Unamortized discounts on securities held outright5

   -13,328

-      494

-   11,711

   -13,521

Repurchase agreements6

         0

         0

-      466

         0

Loans

       120

+        3

-      442

       121

Primary credit

         6

+        3

+        1

         7

Secondary credit

         0

         0

         0

         0

Seasonal credit

        17

+        1

+       14

        17

Term Asset-Backed Securities Loan Facility7

        97

         0

-      457

        96

Other credit extensions

         0

         0

         0

         0

Net portfolio holdings of Maiden Lane LLC8

     1,543

+        2

+      126

     1,546

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

       107

         0

-      749

       108

Float

      -572

-       18

+       37

      -925

Central bank liquidity swaps12

       260

+        1

-    7,811

       260

Other Federal Reserve assets13

    31,890

+      806

+    5,260

    32,201

Foreign currency denominated assets14

    23,664

-      111

-    1,119

    23,643

Gold stock

    11,041

         0

         0

    11,041

Special drawing rights certificate account

     5,200

         0

         0

     5,200

Treasury currency outstanding15

    45,581

+       14

+      766

    45,581

Total factors supplying reserve funds

4,130,602

+   37,635

+1,095,523

4,140,374

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
Jan 22, 2014

Week ended
Jan 22, 2014

Change from week ended

Jan 15, 2014

Jan 23, 2013

Currency in circulation15

1,226,268

-    2,932

+   70,227

1,225,996

Reverse repurchase agreements16

   184,288

+   23,342

+   91,882

   201,954

Foreign official and international accounts

   107,714

-    1,621

+   15,308

   108,243

Others

    76,575

+   24,964

+   76,575

    93,711

Treasury cash holdings

       255

+       14

+       79

       262

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

   133,277

+   23,289

-      576

   154,667

Term deposits held by depository institutions

    12,822

+   12,822

+    9,786

    12,822

U.S. Treasury, General Account

    77,798

-    2,224

+    5,591

    96,724

Foreign official

     8,050

+        3

+      773

     8,060

Other

    34,606

+   12,687

-   16,727

    37,061

Other liabilities and capital17

    63,623

-    1,086

-    2,644

    62,765

Total factors, other than reserve balances,
absorbing reserve funds

1,607,712

+   42,628

+  158,969

1,645,644

Reserve balances with Federal Reserve Banks

2,522,890

-    4,993

+  936,553

2,494,730

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
Jan 22, 2014

Week ended
Jan 22, 2014

Change from week ended

Jan 15, 2014

Jan 23, 2013

Securities held in custody for foreign official and international accounts

3,344,679

-    4,075

+   89,512

3,345,594

Marketable U.S. Treasury securities1

2,994,149

-    1,678

+   82,137

2,994,130

Federal agency debt and mortgage-backed securities2

   306,519

-    2,924

-      732

   307,477

Other securities3

    44,010

+      526

+    8,105

    43,986

Securities lent to dealers

    11,225

-    1,729

+    4,607

    12,072

Overnight facility4

    11,225

-    1,729

+    4,607

    12,072

U.S. Treasury securities

    10,270

-    1,589

+    4,221

    11,057

Federal agency debt securities

       956

-      140

+      387

     1,015

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, January 22, 2014

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

        24

         0

        64

        33

         0

...

       121

U.S. Treasury securities2

Holdings

         1

       298

       176

   767,716

   874,124

   589,115

2,231,430

Weekly changes

+        1

-        1

         0

+    2,470

+    5,262

+    2,745

+   10,477

Federal agency debt securities3

Holdings

     3,500

     4,817

     9,006

    35,179

        62

     2,347

    54,911

Weekly changes

+    3,500

-    3,500

         0

         0

         0

         0

         0

Mortgage-backed securities4

Holdings

         0

         0

         0

         5

     2,716

1,536,746

1,539,467

Weekly changes

         0

         0

         0

         0

+        4

+   14,259

+   14,263

Asset-backed securities held by
TALF LLC5

         0

         0

         0

         0

         0

         0

         0

Repurchase agreements6

         0

         0

...

...

...

...

         0

Central bank liquidity swaps7

       132

       128

         0

         0

         0

         0

       260

Reverse repurchase agreements6

   201,954

         0

...

...

...

...

   201,954

Term deposits

         0

    12,822

         0

...

...

...

    12,822

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

Jan 22, 2014

Mortgage-backed securities held outright1

1,539,467

Commitments to buy mortgage-backed securities2

    39,706

Commitments to sell mortgage-backed securities2

        29

Cash and cash equivalents3

         5

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

Jan 22, 2014

Net portfolio holdings of Maiden Lane LLC1

     1,546

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

Jan 22, 2014

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

Jan 22, 2014

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

Jan 22, 2014

Asset-backed securities holdings1

         0

Other investments, net

       108

Net portfolio holdings of TALF LLC

       108

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
Jan 22, 2014

Change since

Wednesday

Wednesday

Jan 15, 2014

Jan 23, 2013

Assets

Gold certificate account

    11,037

         0

         0

Special drawing rights certificate account

     5,200

         0

         0

Coin

     2,000

+       13

-      170

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

4,021,633

+   24,441

+1,090,880

Securities held outright1

3,825,808

+   24,740

+1,070,832

U.S. Treasury securities

2,231,430

+   10,477

+  534,739

Bills2

         0

         0

         0

Notes and bonds, nominal2

2,125,420

+   10,526

+  515,601

Notes and bonds, inflation-indexed2

    92,615

         0

+   16,485

Inflation compensation3

    13,395

-       49

+    2,653

Federal agency debt securities2

    54,911

         0

-   20,200

Mortgage-backed securities4

1,539,467

+   14,263

+  556,293

Unamortized premiums on securities held outright5

   209,225

+      157

+   32,379

Unamortized discounts on securities held outright5

   -13,521

-      462

-   11,885

Repurchase agreements6

         0

         0

         0

Loans

       121

+        6

-      446

Net portfolio holdings of Maiden Lane LLC7

     1,546

+        3

+      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

       108

+        1

-      749

Items in process of collection

(0)

       200

+       95

-       80

Bank premises

     2,286

         0

-       47

Central bank liquidity swaps11

       260

+        1

-    7,811

Foreign currency denominated assets12

    23,643

-       57

-    1,254

Other assets13

    29,917

+    1,890

+    5,317

Total assets

(0)

4,097,914

+   26,386

+1,086,217

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
Jan 22, 2014

Change since

Wednesday

Wednesday

Jan 15, 2014

Jan 23, 2013

Liabilities

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

1,182,672

-      867

+   68,793

Reverse repurchase agreements14

   201,954

+   45,688

+  112,061

Deposits

(0)

2,649,398

-   19,179

+  907,521

Term deposits held by depository institutions

    12,822

+   12,822

+    9,786

Other deposits held by depository institutions

2,494,731

-   65,347

+  898,407

U.S. Treasury, General Account

    96,724

+    8,798

+   15,481

Foreign official

     8,060

+       13

+      779

Other

(0)

    37,061

+   24,536

-   16,932

Deferred availability cash items

(0)

     1,124

+      465

-       77

Other liabilities and accrued dividends15

     7,734

+      276

-    2,384

Total liabilities

(0)

4,042,883

+   26,385

+1,085,916

Capital accounts

Capital paid in

    27,515

         0

+      150

Surplus

    27,515

         0

+      150

Other capital accounts

         0

         0

         0

Total capital

    55,031

+        1

+      301

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, January 22, 2014

Millions of dollars

Assets, liabilities, and capital

Total

Boston

New York

Philadelphia

Cleveland

Richmond

Atlanta

Chicago

St. Louis

Minneapolis

Kansas

Dallas

San

City

Francisco

Assets

Gold certificate account

    11,037

       391

     3,925

       397

       512

       856

     1,421

       792

       310

       190

       309

       728

     1,206

Special drawing rights certificate acct.

     5,200

       196

     1,818

       210

       237

       412

       654

       424

       150

        90

       153

       282

       574

Coin

     2,000

        35

        88

       125

       132

       342

       238

       287

        20

        50

       155

       189

       340

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

4,021,633

   105,162

2,230,189

   116,521

   102,705

   250,061

   267,144

   217,311

    64,707

    38,173

    76,088

   156,165

   397,406

Securities held outright1

3,825,808

   100,041

2,121,567

   110,850

    97,707

   237,892

   254,143

   206,733

    61,558

    36,304

    72,380

   148,566

   378,066

U.S. Treasury securities

2,231,430

    58,350

1,237,419

    64,654

    56,988

   138,752

   148,231

   120,579

    35,904

    21,175

    42,216

    86,652

   220,510

Bills2

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Notes and bonds3

2,231,430

    58,350

1,237,419

    64,654

    56,988

   138,752

   148,231

   120,579

    35,904

    21,175

    42,216

    86,652

   220,510

Federal agency debt securities2

    54,911

     1,436

    30,450

     1,591

     1,402

     3,414

     3,648

     2,967

       884

       521

     1,039

     2,132

     5,426

Mortgage-backed securities4

1,539,467

    40,256

   853,697

    44,605

    39,316

    95,725

   102,265

    83,187

    24,770

    14,608

    29,125

    59,781

   152,130

Unamortized premiums on securities held outright5

   209,225

     5,471

   116,024

     6,062

     5,343

    13,010

    13,899

    11,306

     3,366

     1,985

     3,958

     8,125

    20,676

Unamortized discounts on securities held outright5

   -13,521

      -354

    -7,498

      -392

      -345

      -841

      -898

      -731

      -218

      -128

      -256

      -525

    -1,336

Repurchase agreements6

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Loans

       121

         4

        96

         1

         0

         0

         0

         3

         0

        12

         5

         0

         0

Net portfolio holdings of Maiden

Lane LLC7

     1,546

         0

     1,546

         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

       108

         0

       108

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Items in process of collection

       200

         0

         0

         0

         0

         0

       199

         0

         0

         1

         0

         0

         0

Bank premises

     2,286

       123

       431

        72

       110

       228

       211

       202

       127

        99

       247

       231

       204

Central bank liquidity swaps11

       260

        13

        83

        20

        20

        55

        15

         7

         2

         1

         3

         4

        37

Foreign currency denominated assets12

    23,643

     1,162

     7,560

     1,828

     1,844

     4,965

     1,347

       674

       197

        99

       239

       375

     3,353

Other assets13

    29,917

       822

    16,128

       874

       777

     2,040

     1,992

     1,605

       543

       345

       589

     1,262

     2,940

Interdistrict settlement account

         0

-   25,275

+  328,779

-   18,991

-   20,802

-   41,204

-   67,948

-   68,096

-   21,393

-   17,286

-   28,834

-   43,663

+   24,713

Total assets

4,097,914

    82,628

2,590,740

   101,057

    85,535

   217,754

   205,273

   153,206

    44,663

    21,763

    48,948

   115,573

   430,773

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, January 22, 2014 (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

1,390,485

    45,406

   507,830

    42,263

    59,956

   105,172

   168,731

    86,065

    34,996

    21,410

    36,834

   119,804

   162,018

Less: Notes held by F.R. Banks

   207,812

     7,291

    38,980

     5,825

     5,996

     9,475

    19,019

    14,090

     3,926

     8,891

    10,491

    53,998

    29,830

Federal Reserve notes, net

1,182,672

    38,115

   468,849

    36,438

    53,960

    95,697

   149,712

    71,975

    31,069

    12,520

    26,344

    65,805

   132,188

Reverse repurchase agreements14

   201,954

     5,281

   111,992

     5,851

     5,158

    12,558

    13,416

    10,913

     3,250

     1,916

     3,821

     7,842

    19,957

Deposits

2,649,398

    36,522

1,987,899

    54,393

    21,811

    97,453

    37,487

    68,398

     9,698

     6,845

    18,034

    40,711

   270,147

Term deposits held by depository institutions

    12,822

         0

     9,801

         0

         0

        20

       480

     1,356

        30

        85

        90

       105

       855

Other deposits held by depository institutions

2,494,731

    36,518

1,836,425

    54,369

    21,808

    97,334

    36,995

    67,028

     9,668

     6,760

    17,939

    40,602

   269,285

U.S. Treasury, General Account

    96,724

         0

    96,724

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Foreign official

     8,060

         2

     8,033

         3

         3

         8

         2

         1

         0

         0

         0

         1

         6

Other

    37,061

         2

    36,916

        21

         0

        90

        10

        14

         0

         0

         4

         3

         1

Deferred availability cash items

     1,124

         0

         0

         0

         0

         0

     1,018

         0

         0

       106

         0

         0

         0

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

     2,012

        56

     1,037

        59

        56

       119

       150

       135

        45

        35

        39

       104

       176

Other liabilities and accrued
dividends16

     5,723

       153

     3,273

       179

       175

       454

       327

       265

       131

       107

       125

       194

       340

Total liabilities

4,042,883

    80,126

2,573,050

    96,920

    81,160

   206,281

   202,110

   151,687

    44,193

    21,529

    48,362

   114,657

   422,808

Capital

Capital paid in

    27,515

     1,251

     8,845

     2,068

     2,188

     5,737

     1,582

       760

       235

       117

       293

       458

     3,982

Surplus

    27,515

     1,251

     8,845

     2,068

     2,188

     5,737

     1,582

       760

       235

       117

       293

       458

     3,982

Other capital

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Total liabilities and capital

4,097,914

    82,628

2,590,740

   101,057

    85,535

   217,754

   205,273

   153,206

    44,663

    21,763

    48,948

   115,573

   430,773

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, January 22, 2014 (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

Jan 22, 2014

Federal Reserve notes outstanding

1,390,485

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

   207,812

Federal Reserve notes to be collateralized

1,182,672

Collateral held against Federal Reserve notes

1,182,672

Gold certificate account

    11,037

Special drawing rights certificate account

     5,200

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

1,166,436

Other assets pledged

         0

Memo:

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

3,825,808

Less: Face value of securities under reverse repurchase agreements

   197,007

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

3,628,801

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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