Statistical Tables

This appendix includes 13 statistical tables that provide updated historical data concerning Board and System operations and activities.

Table G.1. Federal Reserve open market transactions, 2021

Millions of dollars

Type of security and transaction Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec. Total
U.S. Treasury securities 1
Outright transactions2
Treasury bills
Gross purchases 0 0 0 0 0 0 0 0 0 0 0 0 0
Gross sales 0 0 0 0 0 0 0 0 0 0 0 0 0
Exchanges 84,064 79,292 68,155 93,734 80,179 73,555 98,228 86,855 81,437 79,352 90,021 81,412 996,284
For new bills 84,064 79,292 68,155 93,734 80,179 73,555 98,228 86,855 81,437 79,352 90,021 81,412 996,284
Redemptions 0 0 0 0 0 0 0 0 0 0 0 0 0
Others up to 1 year
Gross purchases 5,916 5,698 40 10,852 3,763 2,012 9,222 3,624 7,213 17,545 1,590 6,948 74,423
Gross sales 0 0 0 0 0 0 0 0 0 0 0 0 0
Exchanges −12,063 −77,472 −92,435 −66,738 −66,844 −85,643 −19,755 −106,108 −39,394 −9,029 −110,862 −47,763 −734,105
Redemptions 0 0 0 0 0 0 0 0 0 0 0 0 0
Over 1 to 5 years
Gross purchases 43,675 55,509 47,127 43,283 47,149 34,522 50,915 48,002 31,463 47,502 34,061 26,790 509,998
Gross sales 0 0 0 0 0 25 0 0 0 0 25 0 50
Exchanges 5,831 41,180 51,535 40,796 30,769 49,614 9,548 55,348 20,749 4,364 57,185 28,885 395,803
Over 5 to 10 years
Gross purchases 15,896 16,352 10,200 10,353 12,598 21,125 10,084 18,659 15,880 12,432 13,148 10,865 167,592
Gross sales 0 0 0 0 0 0 0 0 0 0 0 0 0
Exchanges 3,820 23,254 29,254 17,674 21,751 24,939 6,256 32,019 13,199 2,859 34,880 12,917 222,821
More than 10 years
Gross purchases 14,527 15,257 21,578 18,323 14,373 14,356 13,790 16,333 12,458 14,332 12,409 11,604 179,340
Gross sales 0 0 0 0 0 0 0 0 0 0 0 0 0
Exchanges 2,413 13,039 11,646 8,268 14,324 11,090 3,951 18,742 5,446 1,806 18,797 5,961 115,482
All maturities
Gross purchases 80,014 92,816 78,945 82,811 77,883 72,015 84,011 86,618 67,014 91,811 61,208 56,207 931,353
Gross sales 0 0 0 0 0 25 0 0 0 0 25 0 50
Redemptions 0 0 0 0 0 0 0 0 0 0 0 0 0
Net change in U.S. Treasury securities 80,014 92,816 78,945 82,811 77,883 71,990 84,011 86,618 67,014 91,811 61,183 56,207 931,303
Federal agency obligations
Outright transactions 2
Gross purchases 0 0 0 0 0 0 0 0 0 0 0 0 0
Gross sales 0 0 0 0 0 0 0 0 0 0 0 0 0
Redemptions 0 0 0 0 0 0 0 0 0 0 0 0 0
Net change in federal agency obligations 0 0 0 0 0 0 0 0 0 0 0 0 0
Mortgage-backed securities 3
Net settlements 2
Net change in mortgage-backed securities 30,317 63,430 51,470 6,642 52,945 75,367 65,148 53,282 56,631 33,120 43,059 44,668 576,079
Total net change in securities holdings 4 110,331 156,246 130,415 89,453 130,828 147,357 149,159 139,900 123,645 124,931 104,242 100,875 1,507,382
Temporary transactions
Repurchase agreements5 1,000 711 261 0 2 0 0 0 0 0 0 0 n/a
Reverse repurchase agreements 5 210,163 208,404 223,861 293,766 498,489 876,277 1,105,167 1,323,559 1,500,444 1,715,668 1,746,798 1,893,030 n/a
Foreign official and international accounts 209,197 207,162 205,062 227,016 223,006 234,178 256,801 270,823 289,556 289,907 301,899 294,095 n/a
Others 966 1,242 18,799 66,751 275,483 642,099 848,367 1,052,735 1,210,888 1,425,761 1,444,900 1,598,935 n/a

Note: Purchases of Treasury securities and federal agency obligations increase securities holdings; sales and redemptions of these securities decrease securities holdings. Exchanges occur when the Federal Reserve rolls the proceeds of maturing securities into newly issued securities, and so exchanges do not affect total securities holdings. Positive net settlements of mortgage-backed securities increase securities holdings, while negative net settlements of these securities decrease securities holdings. Components may not sum to totals because of rounding. See table 2 of the H.4.1 release (https://www.federalreserve.gov/releases/h41/) for the maturity distribution of the securities.

 1. Transactions exclude changes in compensation for the effects of inflation on the principal of inflation-indexed securities. Transactions include the rollover of inflation compensation into new securities. The maturity distributions of exchanged Treasury securities are based on the announced maturity of new securities rather than actual day counts. Return to table

 2. Excludes the effect of temporary transactions—repurchase agreements and reverse repurchase agreements. Return to table

 3. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Monthly net change in the remaining principal balance of the securities, reported at face value. Return to table

 4. The net change in securities holdings reflects the settlements of purchases, reinvestments, sales, and maturities of portfolio securities. Return to table

 5. Averages of daily business cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities. For additional details on temporary transactions, see the temporary open market operations historical search available at https://www.newyorkfed.org/markets/data-hubReturn to table

n/a Not Applicable.

Table G.2. Federal Reserve Bank holdings of U.S. Treasury and federal agency securities, December 31, 2019–21

Millions of dollars

Description December 31 Change
2021 2020 2019 2020–21 2019–20
U.S. Treasury securities1
Held outright 2 5,652,542 4,688,929 2,328,933 963,613 2,359,996
By remaining maturity
Bills
1–90 days 207,113 191,154 51,763 15,959 139,391
91 days to 1 year 118,931 134,890 117,762 −15,959 17,128
Notes and bonds
1 year or less 807,747 708,144 303,438 99,603 404,706
More than 1 year through 5 years 2,146,103 1,759,737 893,832 386,366 865,905
More than 5 years through 10 years 1,019,239 836,893 321,591 182,346 515,302
More than 10 years 1,353,409 1,058,111 640,547 295,298 417,564
By type
Bills 326,044 326,044 169,525 0 156,519
Notes 3,748,992 3,063,037 1,290,107 685,955 1,772,930
Bonds 1,577,506 1,299,848 869,301 277,658 430,547
Federal agency securities 1
Held outright 2 2,347 2,347 2,347 0 0
By remaining maturity
Discount notes
1–90 days 0 0 0 0 0
91 days to 1 year 0 0 0 0 0
Coupons
1 year or less 0 0 0 0 0
More than 1 year through 5 years 0 0 0 0 0
More than 5 years through 10 years 2,134 1,818 486 316 1,332
More than 10 years 213 529 1,861 −316 −1,332
By type
Discount notes 0 0 0 0 0
Coupons 2,347 2,347 2,347 0 0
By issuer
Federal Home Loan Mortgage Corporation 529 529 529 0 0
Federal National Mortgage Association 1,818 1,818 1,818 0 0
Federal Home Loan Banks 0 0 0 0 0
Mortgage-backed securities3 , 4
Held outright 2 2,615,546 2,039,467 1,408,677 576,079 630,790
By remaining maturity
1 year or less 26 4 12 22 −8
More than 1 year through 5 years 1,803 2,016 1,135 −213 881
More than 5 years through 10 years 60,328 72,044 73,528 −11,716 −1,484
More than 10 years 2,553,389 1,965,403 1,334,002 587,986 631,401
By issuer
Federal Home Loan Mortgage Corporation 977,512 667,007 422,087 310,505 244,920
Federal National Mortgage Association 1,075,531 888,260 652,729 187,271 235,531
Government National Mortgage Association 562,503 484,200 333,861 78,303 150,339
Temporary transactions5
Repurchase agreements6 0 1,000 255,619 −1,000 −254,619
Repo operations 0 0 255,619 0 255,619
FIMA Repo Facility 0 1,000 0 −1,000 −1,000
Reverse repurchase agreements 6 2,183,041 216,051 336,649 1,966,990 −120,598
Foreign official and international accounts 278,459 206,400 272,562 72,059 −66,162
Primary dealers and expanded counterparties 1,904,582 9,651 64,087 1,894,931 −54,436

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

 1. Par value. Return to table

 2. Excludes the effect of temporary transactions—repurchase agreements and reverse repurchase agreements. Return to table

 3. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Return to table

 4. The par amount shown is the remaining principal balance of the securities. Return to table

 5. Contract amount of agreements. Return to table

 6. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities. In 2020, the Foreign and International Monetary Authorities (FIMA) Repo Facility was established. In 2021, the FIMA Repo Facility was converted from temporary to a standing facility for repurchase agreements. Return to table

Table G.3. Reserve requirements of depository institutions, December 31, 2021
Liability type 1 Requirement
Percentage of liabilities Effective date
Net transaction accounts 0 3/26/2020
Nonpersonal time deposits 0 12/27/1990
Eurocurrency liabilities 0 12/27/1990

Note: The table reflects the liability types and percentages of those liabilities subject to requirements for the maintenance period that contains the year end.

 1. For a description of these deposit types, see Regulation DReturn to table

Table G.4. Banking offices and banks affiliated with bank holding companies in the United States, December 31, 2020 and 2021
Type of office Total Commercial banks 1 Savings banks
Member Nonmember
Total Total National State
Banks
Number, Dec. 31, 2020 4,600 4,368 1,466 757 709 2,902 232
Changes during 2021 0 0 0 0 0 0 0
New banks 14 13 3 2 1 10 1
Banks converted into branches –142 –138 –45 –13 –32 –93 –4
Ceased banking operations2 –21 –19 –10 –2 –8 –9 –2
Other 3 0 0 1 –8 9 –1 0
Net change –149 –144 –51 –21 –30 –93 –5
Number, Dec. 31, 2021 4,451 4,224 1,415 736 679 2,809 227
Branches and additional offices
Number, Dec. 31, 2020 75,971 73,665 49,876 37,845 12,031 23,789 2,306
Changes during 2021 0 0 0 0 0 0 0
New branches 1,174 952 625 470 155 327 222
Banks converted to branches 142 139 66 27 39 73 3
Discontinued 2 –3,743 –3,675 –2,731 –2,192 –539 –944 –68
Other 3 0 32 37 555 –518 –5 –32
Net change –2,427 –2,552 –2,003 –1,140 –863 –549 125
Number, Dec. 31, 2021 73,544 71,113 47,873 36,705 11,168 23,240 2,431
Banks affiliated with BHCs
Number, Dec. 31, 2020 3,906 3,789 1,333 672 661 2,456 117
Changes during 2021 0 0 0 0 0 0 0
BHC-affiliated new banks 49 43 10 7 3 33 6
Banks converted into branches –125 –121 –44 –12 –32 –77 –4
Ceased banking operations 2 –23 –21 –12 –3 –9 –9 –2
Other 3 0 0 1 –8 9 –1 0
Net change –99 –99 –45 –16 –29 –54 0
Number, Dec. 31, 2021 3,807 3,690 1,288 656 632 2,402 117

Note: Includes banks, banking offices, and bank holding companies in U.S. territories and possessions (affiliated insular areas).

 1. For purposes of this table, banks are entities that are defined as banks in the Bank Holding Company Act, as amended, which is implemented by Federal Reserve Regulation Y. Generally, a bank is any institution that accepts demand deposits and is engaged in the business of making commercial loans or any institution that is defined as an insured bank in section 3(h) of the Federal Deposit Insurance Corporation Act. Return to table

 2. Institutions that no longer meet the Regulation Y definition of a bank. Return to table

 3. Interclass changes and sales of branches. Return to table

Table G.5A. Reserves of depository institutions, Federal Reserve Bank credit, and related items, year-end 1984–2021 and month-end 2021

Millions of dollars

Period Factors supplying reserve funds
Federal Reserve Bank credit outstanding Gold stock Special drawing rights certificate account Treasury coin and currency outstanding5
Securities held outright1 Repurchase agreements2 Loans and other credit extensions 3 Float Other Federal Reserve assets4 Total 4
1984 167,612 2,015 3,577 833 12,347 186,384 11,096 4,618 16,418
1985 186,025 5,223 3,060 988 15,302 210,598 11,090 4,718 17,075
1986 205,454 16,005 1,565 1,261 17,475 241,760 11,084 5,018 17,567
1987 226,459 4,961 3,815 811 15,837 251,883 11,078 5,018 18,177
1988 240,628 6,861 2,170 1,286 18,803 269,748 11,060 5,018 18,799
1989 233,300 2,117 481 1,093 39,631 276,622 11,059 8,518 19,628
1990 241,431 18,354 190 2,222 39,897 302,091 11,058 10,018 20,402
1991 272,531 15,898 218 731 34,567 323,945 11,059 10,018 21,014
1992 300,423 8,094 675 3,253 30,020 342,464 11,056 8,018 21,447
1993 336,654 13,212 94 909 33,035 383,904 11,053 8,018 22,095
1994 368,156 10,590 223 –716 33,634 411,887 11,051 8,018 22,994
1995 380,831 13,862 135 107 33,303 428,239 11,050 10,168 24,003
1996 393,132 21,583 85 4,296 32,896 451,992 11,048 9,718 24,966
1997 431,420 23,840 2,035 719 31,452 489,466 11,047 9,200 25,543
1998 452,478 30,376 17 1,636 36,966 521,475 11,046 9,200 26,270
1999 478,144 140,640 233 –237 35,321 654,100 11,048 6,200 28,013
2000 511,833 43,375 110 901 36,467 592,686 11,046 2,200 31,643
2001 551,685 50,250 34 –23 37,658 639,604 11,045 2,200 33,017
2002 629,416 39,500 40 418 39,083 708,457 11,043 2,200 34,597
2003 666,665 43,750 62 –319 40,847 751,005 11,043 2,200 35,468
2004 717,819 33,000 43 925 42,219 794,007 11,045 2,200 36,434
2005 744,215 46,750 72 885 39,611 831,532 11,043 2,200 36,540
2006 778,915 40,750 67 –333 39,895 859,294 11,041 2,200 38,206
2007 740,611 46,500 72,636 –19 41,799 901,528 11,041 2,200 38,681
2008 495,629 80,000 1,605,848 –1,494 43,553 2,223,537 11,041 2,200 38,674
2009 1,844,838 0 281,095 –2,097 92,811 2,216,647 11,041 5,200 42,691
2010 2,161,094 0 138,311 –1,421 110,255 2,408,240 11,041 5,200 43,542
2011 2,605,124 0 144,098 –631 152,568 2,901,159 11,041 5,200 44,198
2012 2,669,589 0 11,867 –486 218,296 2,899,266 11,041 5,200 44,751
2013 3,756,158 0 2,177 –962 246,947 4,004,320 11,041 5,200 45,493
2014 4,236,873 0 3,351 –555 239,238 4,478,908 11,041 5,200 46,301
2015 4,241,958 0 2,830 –36 221,448 4,466,199 11,041 5,200 47,567
2016 4,221,187 0 7,325 –804 206,551 4,434,259 11,041 5,200 48,536
2017 4,223,528 0 13,914 –920 194,288 4,430,809 11,041 5,200 49,381
2018 3,862,079 0 4,269 –770 173,324 4,038,902 11,041 5,200 49,801
2019 3,739,957 255,619 3,770 –643 156,304 4,155,007 11,041 5,200 50,138
2020 6,730,743 1,000 216,669 –567 393,420 7,341,265 11,041 5,200 50,535
2021 8,270,436 0 77,621 –582 389,982 8,737,457 11,041 5,200 50,942
2021, month-end
Jan. 6,839,945 1,000 145,684 –625 402,272 7,388,276 11,041 5,200 50,564
Feb. 6,985,520 500 144,269 –597 393,338 7,523,030 11,041 5,200 50,567
Mar. 7,129,308 0 146,079 –1,050 395,824 7,670,161 11,041 5,200 50,623
Apr. 7,210,316 0 156,469 –350 397,680 7,764,115 11,041 5,200 50,630
May 7,344,623 0 166,169 –674 387,679 7,897,797 11,041 5,200 50,656
Jun. 7,505,369 0 163,572 –1,062 392,067 8,059,946 11,041 5,200 50,712
Jul. 7,653,186 0 152,843 –366 400,842 8,206,505 11,041 5,200 50,782
Aug. 7,804,616 0 137,533 –634 388,101 8,329,616 11,041 5,200 50,838
Sep. 7,930,202 1 105,518 –699 393,943 8,428,965 11,041 5,200 50,867
Oct. 8,057,413 0 94,879 –604 400,602 8,552,290 11,041 5,200 50,838
Nov. 8,160,850 0 82,038 –632 385,489 8,627,745 11,041 5,200 50,894
Dec. 8,270,436 0 77,621 –582 389,982 8,737,457 11,041 5,200 50,942

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

 1. Includes U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities. U.S. Treasury securities and federal agency debt securities include securities lent to dealers, which are fully collateralized by U.S. Treasury securities, federal agency securities, and other highly rated debt securities. Return to table

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

 3. From 2020–2021, includes only central bank liquidity swaps; primary, seasonal, and secondary credit; Primary Dealer Credit Facility; Money Market Mutual Fund Liquidity Facility; Paycheck Protection Program Liquidity Facility; and net portfolio holdings of Commercial Paper Funding Facility II LLC, Corporate Credit Facilities LLC, MS Facilities LLC (Main Street Lending Program), Municipal Facility LLC, and Term Asset-Backed Securities Loan Facility II LLC. Money Market Mutual Fund Liquidity Facility and Primary Dealer Credit Facility ceased extending loans on March 31, 2021, and all outstanding loans were repaid by April 6, 2021, and April 15, 2021, respectively. Commercial Paper Funding Facility II LLC and Corporate Credit Facilities LLC were terminated on July 8, 2021, and December 17, 2021, respectively. From 2015–19, includes only central bank liquidity swaps; primary, seasonal, and secondary credit; and net portfolio holdings of Maiden Lane LLC. For disaggregated loans and other credit extensions from 1984–2014, refer to "Table 6B. Loans and other credit extensions, by type, year-end 1984–2014 and month-end 2014" of the 2014 Annual Report. Return to table

 4. As of 2013, unamortized discounts on securities held outright are included as a component of Other Federal Reserve assets. Previously, they were included in Other Federal Reserve liabilities and capital. Return to table

 5. Includes currency and coin (other than gold) issued directly by the U.S. Treasury. The largest components are fractional and dollar coins. For details, refer to "U.S. Currency and Coin Outstanding and in Circulation," Treasury Bulletin. Return to table

Table G.5A.—continued

Millions of dollars

Period Factors absorbing reserve funds Reserve balances with Federal Reserve Banks
Currency in circulation Reverse repurchase agreements6 Treasury cash holdings 7 Deposits with Federal Reserve Banks, other than reserve balances Required clearing balances9 Other Federal Reserve liabilities and capital 4,10
Term deposits Treasury general account Treasury supplementary financing account Foreign Other8
1984 183,796 0 513 n/a 5,316 n/a 253 867 1,126 5,952 20,693
1985 197,488 0 550 n/a 9,351 n/a 480 1,041 1,490 5,940 27,141
1986 211,995 0 447 n/a 7,588 n/a 287 917 1,812 6,088 46,295
1987 230,205 0 454 n/a 5,313 n/a 244 1,027 1,687 7,129 40,097
1988 247,649 0 395 n/a 8,656 n/a 347 548 1,605 7,683 37,742
1989 260,456 0 450 n/a 6,217 n/a 589 1,298 1,618 8,486 36,713
1990 286,963 0 561 n/a 8,960 n/a 369 528 1,960 8,147 36,081
1991 307,756 0 636 n/a 17,697 n/a 968 1,869 3,946 8,113 25,051
1992 334,701 0 508 n/a 7,492 n/a 206 653 5,897 7,984 25,544
1993 365,271 0 377 n/a 14,809 n/a 386 636 6,332 9,292 27,967
1994 403,843 0 335 n/a 7,161 n/a 250 1,143 4,196 11,959 25,061
1995 424,244 0 270 n/a 5,979 n/a 386 2,113 5,167 12,342 22,960
1996 450,648 0 249 n/a 7,742 n/a 167 1,178 6,601 13,829 17,310
1997 482,327 0 225 n/a 5,444 n/a 457 1,171 6,684 15,500 23,447
1998 517,484 0 85 n/a 6,086 n/a 167 1,869 6,780 16,354 19,164
1999 628,359 0 109 n/a 28,402 n/a 71 1,644 7,481 17,256 16,039
2000 593,694 0 450 n/a 5,149 n/a 216 2,478 6,332 17,962 11,295
2001 643,301 0 425 n/a 6,645 n/a 61 1,356 8,525 17,083 8,469
2002 687,518 21,091 367 n/a 4,420 n/a 136 1,266 10,534 18,977 11,988
2003 724,187 25,652 321 n/a 5,723 n/a 162 995 11,829 19,793 11,054
2004 754,877 30,783 270 n/a 5,912 n/a 80 1,285 9,963 26,378 14,137
2005 794,014 30,505 202 n/a 4,573 n/a 83 2,144 8,651 30,466 10,678
2006 820,176 29,615 252 n/a 4,708 n/a 98 972 6,842 36,231 11,847
2007 828,938 43,985 259 n/a 16,120 n/a 96 1,830 6,614 41,622 13,986
2008 889,898 88,352 259 n/a 106,123 259,325 1,365 21,221 4,387 48,921 855,599
2009 928,249 77,732 239 n/a 186,632 5,001 2,411 35,262 3,020 63,219 973,814
2010 982,750 59,703 177 0 140,773 199,964 3,337 13,631 2,374 99,602 965,712
2011 1,075,820 99,900 128 0 85,737 n/a r r 125 64,909 2,480 72,766 1,559,731
2012 1,169,159 107,188 150 0 92,720 n/a r 6,427 27,476 n/a 66,093 1,491,044
2013 1,241,228 315,924 234 0 162,399 n/a r 7,970 26,181 n/a 63,049 2,249,070
2014 1,342,957 509,837 201 0 223,452 n/a r 5,242 20,320 n/a 61,447 2,377,995
2015 1,424,967 712,401 266 0 333,447 n/a r 5,231 31,212 n/a 45,320 1,977,163
2016 1,509,440 725,210 166 0 399,190 n/a r 5,165 53,248 n/a 46,943 1,759,675
2017 1,618,006 563,958 214 0 228,933 n/a r 5,257 77,762 n/a 47,876 1,954,426
2018 1,719,302 304,012 214 0 402,138 n/a r 5,245 73,073 n/a 45,007 1,555,954
2019 1,807,740 336,649 171 0 403,853 n/a r 5,182 74,075 n/a 44,867 1,548,849
2020 2,089,224 216,051 28 0 1,728,569 n/a r 21,838 194,327 n/a 163,075 r 2,994,932
2021 2,236,674 2,183,041 65 0 406,108 n/a 9,331 255,263 n/a 69,766 3,644,277
2021, month-end
Jan. 2,096,648 233,752 48 0 1,611,352 n/a 21,849 197,320 n/a 101,035 3,192,989
Feb. 2,101,933 232,994 84 0 1,414,465 n/a 22,350 254,127 n/a 95,275 3,468,547
Mar. 2,144,066 352,177 89 0 1,121,951 n/a 33,209 315,122 n/a 97,615 3,672,702
Apr. 2,164,017 415,000 47 0 970,716 n/a 28,091 323,889 n/a 99,334 3,829,821
May 2,176,566 715,185 37 0 776,700 n/a 26,786 380,629 n/a 99,732 3,788,989
Jun. 2,183,455 1,260,925 41 0 851,929 n/a 5,255 225,002 n/a 88,536 3,511,630
Jul. 2,186,384 1,321,101 48 0 459,402 n/a 5,589 241,839 n/a 89,592 3,969,425
Aug. 2,190,975 1,479,055 43 0 355,984 n/a 5,323 230,153 n/a 90,110 4,044,863
Sep. 2,197,024 1,905,171 51 0 215,160 n/a 5,706 240,769 n/a 72,753 3,859,245
Oct. 2,205,010 1,801,993 52 0 278,023 n/a 5,607 249,565 n/a 74,563 4,004,419
Nov. 2,221,549 1,833,164 71 0 213,153 n/a 5,344 238,141 n/a 70,688 4,112,633
Dec. 2,236,674 2,183,041 65 0 406,108 n/a 9,331 255,263 n/a 69,766 3,644,277

 6. Cash value of agreements, which are collaterized by U.S. Treasury securities, federal agency debt securities, and agency mortgage-backed securities. Return to table

 7. Coin and paper currency held by the Treasury. Return to table

 8. As of 2014, includes deposits of designated financial market utilities. Return to table

 9. Required clearing balances were discontinued in July 2012. Return to table

 10. In 2010, includes funds from American International Group, Inc. asset dispositions, held as agent. In 2020 and 2021, includes equity investments in Commercial Paper Funding Facility II LLC, Corporate Credit Facilities LLC, MS Facilities LLC (Main Street Lending Program), Municipal Facility LLC, and Term Asset-Backed Securities Loan Facility II LLC. Return to table

n/a Not Applicable.

r Revised.

Table G.5B. Reserves of depository institutions, Federal Reserve Bank credit, and related items, year-end 1918–1983

Millions of dollars

Period Factors supplying reserve funds
Federal Reserve Bank credit outstanding Gold stock6 Special drawing rights certificate account Treasury coin and currency outstanding 7
Securities held outright1 Repurchase agreements 2 Loans Float 3 All other4 Other Federal Reserve assets 5 Total
1918 239 0 1,766 199 294 0 2,498 2,873 n/a 1,795
1919 300 0 2,215 201 575 0 3,292 2,707 n/a 1,707
1920 287 0 2,687 119 262 0 3,355 2,639 n/a 1,709
1921 234 0 1,144 40 146 0 1,563 3,373 n/a 1,842
1922 436 0 618 78 273 0 1,405 3,642 n/a 1,958
1923 80 54 723 27 355 0 1,238 3,957 n/a 2,009
1924 536 4 320 52 390 0 1,302 4,212 n/a 2,025
1925 367 8 643 63 378 0 1,459 4,112 n/a 1,977
1926 312 3 637 45 384 0 1,381 4,205 n/a 1,991
1927 560 57 582 63 393 0 1,655 4,092 n/a 2,006
1928 197 31 1,056 24 500 0 1,809 3,854 n/a 2,012
1929 488 23 632 34 405 0 1,583 3,997 n/a 2,022
1930 686 43 251 21 372 0 1,373 4,306 n/a 2,027
1931 775 42 638 20 378 0 1,853 4,173 n/a 2,035
1932 1,851 4 235 14 41 0 2,145 4,226 n/a 2,204
1933 2,435 2 98 15 137 0 2,688 4,036 n/a 2,303
1934 2,430 0 7 5 21 0 2,463 8,238 n/a 2,511
1935 2,430 1 5 12 38 0 2,486 10,125 n/a 2,476
1936 2,430 0 3 39 28 0 2,500 11,258 n/a 2,532
1937 2,564 0 10 19 19 0 2,612 12,760 n/a 2,637
1938 2,564 0 4 17 16 0 2,601 14,512 n/a 2,798
1939 2,484 0 7 91 11 0 2,593 17,644 n/a 2,963
1940 2,184 0 3 80 8 0 2,274 21,995 n/a 3,087
1941 2,254 0 3 94 10 0 2,361 22,737 n/a 3,247
1942 6,189 0 6 471 14 0 6,679 22,726 n/a 3,648
1943 11,543 0 5 681 10 0 12,239 21,938 n/a 4,094
1944 18,846 0 80 815 4 0 19,745 20,619 n/a 4,131
1945 24,262 0 249 578 2 0 25,091 20,065 n/a 4,339
1946 23,350 0 163 580 1 0 24,093 20,529 n/a 4,562
1947 22,559 0 85 535 1 0 23,181 22,754 n/a 4,562
1948 23,333 0 223 541 1 0 24,097 24,244 n/a 4,589
1949 18,885 0 78 534 2 0 19,499 24,427 n/a 4,598
1950 20,725 53 67 1,368 3 0 22,216 22,706 n/a 4,636
1951 23,605 196 19 1,184 5 0 25,009 22,695 n/a 4,709
1952 24,034 663 156 967 4 0 25,825 23,187 n/a 4,812
1953 25,318 598 28 935 2 0 26,880 22,030 n/a 4,894
1954 24,888 44 143 808 1 0 25,885 21,713 n/a 4,985
1955 24,391 394 108 1,585 29 0 26,507 21,690 n/a 5,008
1956 24,610 305 50 1,665 70 0 26,699 21,949 n/a 5,066
1957 23,719 519 55 1,424 66 0 25,784 22,781 n/a 5,146
1958 26,252 95 64 1,296 49 0 27,755 20,534 n/a 5,234
1959 26,607 41 458 1,590 75 0 28,771 19,456 n/a 5,311
1960 26,984 400 33 1,847 74 0 29,338 17,767 n/a 5,398
1961 28,722 159 130 2,300 51 0 31,362 16,889 n/a 5,585
1962 30,478 342 38 2,903 110 0 33,871 15,978 n/a 5,567
1963 33,582 11 63 2,600 162 0 36,418 15,513 n/a 5,578
1964 36,506 538 186 2,606 94 0 39,930 15,388 n/a 5,405
1965 40,478 290 137 2,248 187 0 43,340 13,733 n/a 5,575
1966 43,655 661 173 2,495 193 0 47,177 13,159 n/a 6,317
1967 48,980 170 141 2,576 164 0 52,031 11,982 n/a 6,784
1968 52,937 0 186 3,443 58 0 56,624 10,367 n/a 6,795
1969 57,154 0 183 3,440 64 2,743 63,584 10,367 n/a 6,852
1970 62,142 0 335 4,261 57 1,123 67,918 10,732 400 7,147
1971 69,481 1,323 39 4,343 261 1,068 76,515 10,132 400 7,710
1972 71,119 111 1,981 3,974 106 1,260 78,551 10,410 400 8,313
1973 80,395 100 1,258 3,099 68 1,152 86,072 11,567 400 8,716
1974 84,760 954 299 2,001 999 3,195 92,208 11,652 400 9,253
1975 92,789 1,335 211 3,688 1,126 3,312 102,461 11,599 500 10,218
1976 100,062 4,031 25 2,601 991 3,182 110,892 11,598 1,200 10,810
1977 108,922 2,352 265 3,810 954 2,442 118,745 11,718 1,250 11,331
1978 117,374 1,217 1,174 6,432 587 4,543 131,327 11,671 1,300 11,831
1979 124,507 1,660 1,454 6,767 704 5,613 140,705 11,172 1,800 13,083
1980 128,038 2,554 1,809 4,467 776 8,739 146,383 11,160 2,518 13,427
1981 136,863 3,485 1,601 1,762 195 9,230 153,136 11,151 3,318 13,687
1982 144,544 4,293 717 2,735 1,480 9,890 163,659 11,148 4,618 13,786
1983 159,203 1,592 918 1,605 418 8,728 172,464 11,121 4,618 15,732

Note: For a description of figures and discussion of their significance, see Banking and Monetary Statistics, 1941–1970 (Board of Governors of the Federal Reserve System, 1976), pp. 507–23. Components may not sum to totals because of rounding.

 1. In 1969 and thereafter, includes securities loaned—fully guaranteed by U.S. government securities pledged with Federal Reserve Banks—and excludes securities sold and scheduled to be bought back under matched sale–purchase transactions. On September 29, 1971, and thereafter, includes federal agency issues bought outright. Return to table

 2. On December 1, 1966, and thereafter, includes federal agency obligations held under repurchase agreements. Return to table

 3. In 1960 and thereafter, figures reflect a minor change in concept; refer to Federal Reserve Bulletin, vol. 47 (February 1961), p. 164. Return to table

 4. Principally acceptances and, until August 21, 1959, industrial loans, the authority for which expired on that date. Return to table

 5. For the period before April 16, 1969, includes the total of Federal Reserve capital paid in, surplus, other capital accounts, and other liabilities and accrued dividends, less the sum of bank premises and other assets, and is reported as "Other Federal Reserve accounts"; thereafter, "Other Federal Reserve assets" and "Other Federal Reserve liabilities and capital" are shown separately. Return to table

 6. Before January 30, 1934, includes gold held in Federal Reserve Banks and in circulation. Return to table

 7. Includes currency and coin (other than gold) issued directly by the Treasury. The largest components are fractional and dollar coins. For details refer to ‘‘U.S. Currency and Coin Outstanding and in Circulation,'' Treasury Bulletin. Return to table

n/a Not Applicable.

Table G.5B.—continued

Millions of dollars

Period Factors absorbing reserve funds Member bank reserves9
Currency in circulation Treasury cash holdings 8 Deposits with Federal Reserve Banks, other than reserve balances Other Federal Reserve accounts 5 Required clearing balances Other Federal Reserve liabilities and capital 5
Treasury Foreign Other With Federal Reserve Banks Currency and coin10 Required 11 Excess 11, 12
1918 4,951 288 51 96 25 118 0 0 1,636 n/a 1,585 51
1919 5,091 385 31 73 28 208 0 0 1,890 n/a 1,822 68
1920 5,325 218 57 5 18 298 0 0 1,781 n/a n/a n/a
1921 4,403 214 96 12 15 285 0 0 1,753 n/a 1,654 99
1922 4,530 225 11 3 26 276 0 0 1,934 n/a n/a n/a
1923 4,757 213 38 4 19 275 0 0 1,898 n/a 1,884 14
1924 4,760 211 51 19 20 258 0 0 2,220 n/a 2,161 59
1925 4,817 203 16 8 21 272 0 0 2,212 n/a 2,256 –44
1926 4,808 201 17 46 19 293 0 0 2,194 n/a 2,250 –56
1927 4,716 208 18 5 21 301 0 0 2,487 n/a 2,424 63
1928 4,686 202 23 6 21 348 0 0 2,389 n/a 2,430 –41
1929 4,578 216 29 6 24 393 0 0 2,355 n/a 2,428 –73
1930 4,603 211 19 6 22 375 0 0 2,471 n/a 2,375 96
1931 5,360 222 54 79 31 354 0 0 1,961 n/a 1,994 –33
1932 5,388 272 8 19 24 355 0 0 2,509 n/a 1,933 576
1933 5,519 284 3 4 128 360 0 0 2,729 n/a 1,870 859
1934 5,536 3,029 121 20 169 241 0 0 4,096 n/a 2,282 1,814
1935 5,882 2,566 544 29 226 253 0 0 5,587 n/a 2,743 2,844
1936 6,543 2,376 244 99 160 261 0 0 6,606 n/a 4,622 1,984
1937 6,550 3,619 142 172 235 263 0 0 7,027 n/a 5,815 1,212
1938 6,856 2,706 923 199 242 260 0 0 8,724 n/a 5,519 3,205
1939 7,598 2,409 634 397 256 251 0 0 11,653 n/a 6,444 5,209
1940 8,732 2,213 368 1,133 599 284 0 0 14,026 n/a 7,411 6,615
1941 11,160 2,215 867 774 586 291 0 0 12,450 n/a 9,365 3,085
1942 15,410 2,193 799 793 485 256 0 0 13,117 n/a 11,129 1,988
1943 20,449 2,303 579 1,360 356 339 0 0 12,886 n/a 11,650 1,236
1944 25,307 2,375 440 1,204 394 402 0 0 14,373 n/a 12,748 1,625
1945 28,515 2,287 977 862 446 495 0 0 15,915 n/a 14,457 1,458
1946 28,952 2,272 393 508 314 607 0 0 16,139 n/a 15,577 562
1947 28,868 1,336 870 392 569 563 0 0 17,899 n/a 16,400 1,499
1948 28,224 1,325 1123 642 547 590 0 0 20,479 n/a 19,277 1,202
1949 27,600 1,312 821 767 750 706 0 0 16,568 n/a 15,550 1,018
1950 27,741 1,293 668 895 565 714 0 0 17,681 n/a 16,509 1,172
1951 29,206 1,270 247 526 363 746 0 0 20,056 n/a 19,667 389
1952 30,433 1,270 389 550 455 777 0 0 19,950 n/a 20,520 –570
1953 30,781 761 346 423 493 839 0 0 20,160 n/a 19,397 763
1954 30,509 796 563 490 441 907 0 0 18,876 n/a 18,618 258
1955 31,158 767 394 402 554 925 0 0 19,005 n/a 18,903 102
1956 31,790 775 441 322 426 901 0 0 19,059 n/a 19,089 –30
1957 31,834 761 481 356 246 998 0 0 19,034 n/a 19,091 –57
1958 32,193 683 358 272 391 1,122 0 0 18,504 n/a 18,574 –70
1959 32,591 391 504 345 694 841 0 0 18,174 310 18,619 –135
1960 32,869 377 485 217 533 941 0 0 17,081 2,544 18,988 637
1961 33,918 422 465 279 320 1,044 0 0 17,387 2,823 20,114 96
1962 35,338 380 597 247 393 1,007 0 0 17,454 3,262 20,071 645
1963 37,692 361 880 171 291 1,065 0 0 17,049 4,099 20,677 471
1964 39,619 612 820 229 321 1,036 0 0 18,086 4,151 21,663 574
1965 42,056 760 668 150 355 211 0 0 18,447 4,163 22,848 –238
1966 44,663 1,176 416 174 588 –147 0 0 19,779 4,310 24,321 –232
1967 47,226 1,344 1,123 135 653 –773 0 0 21,092 4,631 25,905 –182
1968 50,961 695 703 216 747 –1,353 0 0 21,818 4,921 27,439 –700
1969 53,950 596 1,312 134 807 0 0 1,919 22,085 5,187 28,173 –901
1970 57,093 431 1,156 148 1,233 0 0 1,986 24,150 5,423 30,033 –460
1971 61,068 460 2,020 294 999 0 0 2,131 27,788 5,743 32,496 1,035
1972 66,516 345 1,855 325 840 0 0 2,143 25,647 6,216 32,044 98
1973 72,497 317 2,542 251 1,49113 0 0 2,669 27,060 6,781 35,268 –1,360
1974 79,743 185 3,113 418 1,275 13 0 0 2,935 25,843 7,370 37,011 –3,798
1975 86,547 483 7,285 353 1,090 0 0 2,968 26,052 8,036 35,197 –1,10314
1976 93,717 460 10,393 352 1,357 0 0 3,063 25,158 8,628 35,461 –1,535
1977 103,811 392 7,114 379 1,187 0 0 3,292 26,870 9,421 37,615 –1,265
1978 114,645 240 4,196 368 1,256 0 0 4,275 31,152 10,538 42,694 –893
1979 125,600 494 4,075 429 1,412 0 0 4,957 29,792 11,429 44,217 –2,835
1980 136,829 441 3,062 411 617 0 0 4,671 27,456 13,654 40,558 675
1981 144,774 443 4,301 505 781 0 117 5,261 25,111 15,576 42,145 –1,442
1982 154,908 429 5,033 328 1,033 0 436 4,990 26,053 16,666 41,391 1,328
1983 171,935 479 3,661 191 851 0 1,013 5,392 20,413 17,821 39,179 –945

 8. Coin and paper currency held by the Treasury, as well as any gold in excess of the gold certificates issued to the Reserve Bank. Return to table

 9. In November 1979 and thereafter, includes reserves of member banks, Edge Act corporations, and U.S. agencies and branches of foreign banks. On November 13, 1980, and thereafter, includes reserves of all depository institutions. Return to table

 10. Between December 1, 1959, and November 23, 1960, part was allowed as reserves; thereafter, all was allowed. Return to table

 11. Estimated through 1958. Before 1929, data were available only on call dates (in 1920 and 1922 the call date was December 29). SinceSeptember 12, 1968, the amount has been based on close-of-business figures for the reserve period two weeks before the report date. Return to table

 12. For the week ending November 15, 1972, and thereafter, includes $450 million of reserve deficiencies on which Federal Reserve Banks are allowed to waive penalties for a transition period in connection with bank adaptation to Regulation J as amended, effective November 9, 1972. Allowable deficiencies are as follows (beginning with first statement week of quarter, in millions): 1973—Q1, $279; Q2, $172; Q3, $112; Q4, $84; 1974—Q1, $67; Q2, $58. The transition period ended with the second quarter of 1974. Return to table

 13. For the period before July 1973, includes certain deposits of domestic nonmember banks and foreign-owned banking institutions held with member banks and redeposited in full with Federal Reserve Banks in connection with voluntary participation by nonmember institutions in the Federal Reserve System program of credit restraint. As of December 12, 1974, the amount of voluntary nonmember bank and foreign-agency and branch deposits at Federal Reserve Banks that are associated with marginal reserves is no longer reported. However, two amounts are reported: (1) deposits voluntarily held as reserves by agencies and branches of foreign banks operating in the United States and (2) Eurodollar liabilities. Return to table

 14. Adjusted to include waivers of penalties for reserve deficiencies, in accordance with change in Board policy, effective November 19, 1975. Return to table

n/a Not Applicable.

Table G.6. Principal assets and liabilities of insured commercial banks, by class of bank, June 30, 2021 and 2020

Millions of dollars, except as noted

Item Total Member banks Nonmember banks
Total National State
2021
Loans and investments 14,678,776 11,645,915 9,396,565 2,249,351 3,032,861
Loans, gross 9,605,477 7,286,717 5,832,211 1,454,506 2,318,760
Net 9,602,707 7,285,655 5,831,453 1,454,202 2,317,052
Investments 5,073,300 4,359,198 3,564,354 794,845 714,101
U.S. government securities 1,138,339 1,086,636 977,334 109,302 51,703
Other 3,934,961 3,272,562 2,587,020 685,542 662,399
Cash assets, total 2,688,909 2,288,041 1,729,892 558,149 400,868
Deposits, total 15,882,719 12,860,017 10,322,384 2,537,633 3,022,702
Interbank 314,706 290,024 240,088 49,937 24,682
Other transactions 4,969,801 4,048,947 3,077,326 971,621 920,854
Other nontransactions 10,598,212 8,521,046 7,004,971 1,516,075 2,077,167
Equity capital 2,150,922 1,742,540 1,418,401 324,139 408,381
Number of banks 4,327 1,446 754 692 2,881
2020
Loans and investments 13,765,027 10,954,457 8,914,500 2,039,957 2,810,570
Loans, gross 9,770,773 7,475,330 6,062,612 1,412,718 2,295,442
Net 9,767,267 7,473,435 6,061,184 1,412,251 2,293,832
Investments 3,994,254 3,479,127 2,851,888 627,239 515,127
U.S. government securities 796,738 757,345 668,668 88,677 39,393
Other 3,197,516 2,721,782 2,183,220 538,562 475,734
Cash assets, total 2,189,495 1,895,397 1,516,092 379,304 294,098
Deposits, total 14,393,534 11,725,835 9,593,340 2,132,494 2,667,699
Interbank 305,176 282,163 235,738 46,425 23,013
Other transactions 2,865,179 2,362,351 1,718,761 643,590 502,828
Other nontransactions 11,223,179 9,081,321 7,638,841 1,442,480 2,141,858
Equity capital 2,008,374 1,632,683 1,330,807 301,876 375,691
Number of banks 4,421 1,479 778 701 2,942

Note: Includes U.S.-insured commercial banks located in the United States but not U.S.-insured commercial banks operating in U.S. territories or possessions. Data are domestic assets and liabilities (except for those components reported on a consolidated basis only). Components may not sum to totals because of rounding. Data for 2020 have been revised.

Table G.7. Initial margin requirements under Regulations T, U, and X

Percent of market value

Effective date Margin stocks Convertible bonds Short sales, T only 1
1934, Oct. 1 25–45 n/a n/a
1936, Feb. 1 25–55 n/a n/a
1936, Apr. 1 55 n/a n/a
1937, Nov. 1 40 n/a 50
1945, Feb. 5 50 n/a 50
1945, July 5 75 n/a 75
1946, Jan. 21 100 n/a 100
1947, Feb. 1 75 n/a 75
1949, Mar. 3 50 n/a 50
1951, Jan. 17 75 n/a 75
1953, Feb. 20 50 n/a 50
1955, Jan. 4 60 n/a 60
1955, Apr. 23 70 n/a 70
1958, Jan. 16 50 n/a 50
1958, Aug. 5 70 n/a 70
1958, Oct. 16 90 n/a 90
1960, July 28 70 n/a 70
1962, July 10 50 n/a 50
1963, Nov. 6 70 n/a 70
1968, Mar. 11 70 50 70
1968, June 8 80 60 80
1970, May 6 65 50 65
1971, Dec. 6 55 50 55
1972, Nov. 24 65 50 65
1974, Jan. 3 50 50 50

Note: These regulations, adopted by the Board of Governors pursuant to the Securities Exchange Act of 1934, limit the amount of credit that may be extended for the purpose of purchasing or carrying margin securities (as defined in the regulations) when the loan is collateralized by such securities. The margin requirement, expressed as a percentage, is the difference between the market value of the securities being purchased or carried (100 percent) and the maximum loan value of the collateral as prescribed by the Board. Regulation T was adopted effective October 1, 1934; Regulation U, effective May 1, 1936; and Regulation X, effective November 1, 1971. The former Regulation G, which was adopted effective March 11, 1968, was merged into Regulation U, effective April 1, 1998.

 1. From October 1, 1934, to October 31, 1937, the requirement was the margin "customarily required" by the brokers and dealers. Return to table

n/a Not Applicable.

Table G.8A. Statement of condition of the Federal Reserve Banks, by Bank, December 31, 2021 and 2020

Millions of dollars

Item Total Boston New York Philadelphia Cleveland Richmond
2021 2020 2021 2020 2021 2020 2021 2020 2021 2020 2021 2020
Assets
Gold certificates 11,037 11,037 335 337 3,604 3,665 313 319 515 524 775 753
Special drawing rights certificates 5,200 5,200 196 196 1,818 1,818 210 210 237 237 412 412
Coin 1,232 1,563 13 31 22 39 114 130 47 86 180 206
Loans and securities
Loans to depository institutions 555 1,602 32 62 0 876 15 10 0 1 18 49
Other loans 33,853 54,535 15 4,773 4,713 8,615 48 6,264 6,435 1,559 494 3,083
Securities purchased under agreements to resell1 0 1,000 0 22 0 518 0 23 0 31 0 63
Treasury securities, net2 , 3 5,917,426 4,955,871 98,885 111,293 3,344,861 2,565,941 124,981 113,067 215,312 155,054 396,515 310,605
Federal agency and government-sponsored enterprise mortgage-backed securities, net 2 2,685,268 2,109,715 44,873 47,378 1,517,864 1,092,321 56,715 48,132 97,706 66,006 179,935 132,224
Government-sponsored enterprise debt securities, net 2, 3 2,610 2,634 44 59 1,475 1,364 55 60 95 82 175 165
Total loans and securities 8,639,712 7,125,357 143,849 163,587 4,868,913 3,669,635 181,814 167,557 319,548 222,733 577,137 446,189
Consolidated variable interest entities: Assets held, net4 40,171 140,335 29,707 51,790 10,465 88,545 n/a n/a n/a n/a n/a n/a
Accrued interest receivable - System Open Market Account 30,976 30,057 519 677 17,499 15,548 655 687 1,130 945 2,082 1,895
Foreign currency denominated investments, net 5 20,330 22,204 923 1,054 6,832 7,462 730 799 1,758 1,897 4,231 4,687
Central bank liquidity swaps6 3,340 17,883 152 849 1,122 6,010 120 644 289 1,528 695 3,775
Other assets
Bank premises and equipment, net 2,610 2,596 108 110 489 491 167 146 138 139 335 355
Items in process of collection 76 132 0 * 0 * 0 * 0 * 0 *
Deferred asset - remittances to the Treasury 0 926 0 0 r 0 1,055 0 3 0 0 r 0 0 r
Interdistrict settlement account 0 0 r 53,573 −4,919 −675,247 167,835 11,693 −8,481 29,613 86,860 119,685 108,472
All other assets 7 1,715 2,603 58 1,570 756 229 16 26 75 51 214 178
Total assets 8,756,399 7,359,893 229,433 215,282 r 4,236,273 3,962,332 195,832 162,039 353,350 315,000 r 705,746 566,922 r
Liabilities
Federal Reserve notes outstanding 2,436,967 2,192,130 79,284 66,817 750,189 705,757 72,804 61,623 114,939 101,042 172,027 164,169
Less: Notes held by Federal Reserve Bank 249,828 151,855 6,315 4,534 51,657 30,162 10,590 5,594 10,983 7,610 16,921 12,910
Federal Reserve notes outstanding, net 2,187,139 2,040,275 72,969 62,283 698,532 675,595 62,214 56,029 103,956 93,432 155,106 151,259
Securities sold under agreements to repurchase 1 2,183,041 216,051 36,480 4,852 1,233,977 111,862 46,108 4,929 79,432 6,760 146,281 13,541
Deposits
Depository institutions 3,644,277 2,994,932 103,751 107,297 1,810,633 1,274,441 85,730 99,375 165,462 207,045 394,655 392,342
Treasury, general account 406,108 1,728,569 n/a n/a 406,108 1,728,569 n/a n/a n/a n/a n/a n/a
Other deposits 8 264,593 217,665 19 1,861 61,911 78,244 1 1 258 4,020 647 774
Total deposits 4,314,978 4,941,166 103,770 109,158 2,278,652 3,081,254 85,731 99,376 165,720 211,065 395,302 393,116
Other liabilities
Accrued remittances to the Treasury9 4,384 0 51 12 r 2,944 0 69 0 32 13 r 325 45 r
Deferred credit items 659 698 0 0 0 0 0 0 0 0 0 0
Consolidated variable interest entities: Other liabilities 156 213 152 187 4 26 n/a n/a n/a n/a n/a n/a
Deposit - Treasury funding of lending facility credit protection 0 1,500 0 1,500 0 0 n/a n/a n/a n/a n/a n/a
All other liabilities10 5,579 10,143 200 410 2,262 4,876 202 297 236 340 578 799
Total liabilities 8,695,936 7,210,046 213,622 178,402 r 4,216,371 3,873,613 194,324 160,631 349,376 311,610 r 697,592 558,760 r
Capital accounts
Capital paid-in 33,877 32,376 1,459 1,470 11,797 10,880 1,256 1,163 3,311 2,800 6,793 6,738
Surplus (including accumulated other comprehensive loss) 6,785 6,825 292 310 2,363 2,294 252 245 663 590 1,361 1,420
Total Reserve Bank capital 40,662 39,201 1,751 1,780 14,160 13,174 1,508 1,408 3,974 3,390 8,154 8,158
Consolidated variable interest entities formed to administer credit and liquidity facilities: Non-controlling interest 19,801 110,646 14,060 35,098 5,742 75,548 n/a n/a n/a n/a n/a n/a
Total Reserve Bank capital and consolidated variable interest entities non-controlling interest 60,463 149,847 15,811 36,878 19,902 88,722 1,508 1,408 3,974 3,390 8,154 8,158
Total liabilities and capital accounts 8,756,399 7,359,893 229,433 215,268 4,236,273 3,962,335 195,832 162,039 353,350 314,987 705,746 566,873

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

 1. Contract amount of agreements. Return to table

 2. Treasury securities, Government-sponsored enterprise debt securities, and Federal agency and government-sponsored enterprise mortgage-backed are presented at amortized cost, net of unamortized premiums and unamortized discounts. Prior year unamortized premiums and unamortized discounts were reclassified to align with current year presentation. Return to table

 3. Treasury securities and Government-sponsored debt securities may be lent to primary dealers to facilitate the effective conduct of open market operations. Holdings are presented net of securities lent. Return to table

 4. The Federal Reserve Bank of Boston is the primary beneficiary of MS Facilities LLC (Main Street Lending Program), and the Federal Reserve Bank of New York is the primary beneficiary of Commercial Paper Funding Facility LLC, Corporate Credit Facilities LLC, Municipal Liquidity Facility LLC, and Term Asset-Backed Securities Loan Facility II LLC. As a result, the accounts and results of operations of those LLCs are included in the combined financial statements of the Federal Reserve Banks. Return to table

 5. Valued daily at market exchange rates. Return to table

 6. 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. Return to table

 7. Includes depository institution overdrafts. In 2021, furniture and equipment is reported in bank premises and equipment, net. Prior year furniture and equipment was reclassified to align with current year presentation. Return to table

 8. Includes deposits of government-sponsored enterprises (GSEs), international and designated financial market utilities. Also includes certain deposit accounts for services provided by the Reserve banks as fiscal agents of the United States. In 2021, includes foreign official deposit accounts. Prior year foreign official deposit accounts were reclassified to align with current year presentation. Return to table

 9. Represents the estimated weekly remittances to the U.S. Treasury. Return to table

 10. Includes accrued benefit costs and cash collateral posted by counterparties under commitments to purchase and sell federal agency and GSE MBS. Return to table

* Less than $500,000.

n/a Not Applicable.

r Revised.

Table G.8A. Statement of condition of the Federal Reserve Banks, by Bank, December 31, 2021 and 2020—continued

Millions of dollars

Item Atlanta Chicago St. Louis Minneapolis Kansas City Dallas San Francisco
2021 2020 2021 2020 2021 2020 2021 2020 2021 2020 2021 2020 2021 2020
Assets
Gold certificates 1,534 1,529 712 713 325 329 183 180 302 297 938 920 1,501 1,471
Special drawing rights certificates 654 654 424 424 150 150 90 90 153 153 282 282 574 574
Coin 110 154 227 258 18 33 33 43 88 106 154 183 226 293
Loans and securities
Loans to depository institutions 50 37 161 95 0 1 10 10 23 16 10 47 236 398
Other Loans, net 82 2,120 85 1,403 389 1,383 12,232 7,945 445 4,451 211 1,865 8,706 11,073
Securities purchased under agreements to resell 1 0 74 0 56 0 16 0 9 0 16 0 48 0 124
Treasury securities, net2 , 3 346,715 365,230 322,915 276,809 77,147 78,302 45,787 46,837 78,579 78,809 261,678 238,843 604,051 615,084
Federal agency and government-sponsored enterprise mortgage-backed securities, net 2 157,336 155,478 146,536 117,838 35,009 33,332 20,778 19,938 35,658 33,549 118,747 101,676 274,112 261,841
Government-sponsored enterprise debt securities, net 2, 3 153 194 142 147 34 42 20 25 35 42 115 127 266 327
Total loans and securities 504,336 523,133 469,839 396,348 112,579 113,076 78,827 74,764 114,740 116,883 380,761 342,606 887,371 888,847
Consolidated variable interest entities: Assets held, net 4 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Accrued interest receivable - System Open Market Account 1,814 2,213 1,690 1,677 404 475 240 284 411 478 1,369 1,446 3,164 3,732
Foreign currency denominated investments, net 5 920 1,101 797 862 387 364 173 174 220 234 366 264 2,994 3,306
Central bank liquidity swaps 6 151 887 131 694 64 293 28 140 36 189 60 212 492 2,663
Other assets
Bank premises and equipment, net 213 217 206 205 103 106 108 97 246 249 242 239 254 242
Items in process of collection 76 132 0 * 0 * * * 0 * 0 * 0 *
Deferred asset - remittances to the Treasury 0 0 r 0 17 0 11 0 9 0 2 0 24 0 0 r
Interdistrict settlement account 97,915 −112,353 135,797 5,189 27,887 −19,246 2,942 −12,985 29,550 −12,766 85,680 −31,818 80,913 −165,789
All other assets 7 59 68 34 33 100 91 111 77 117 113 38 39 134 132
Total assets 607,782 417,735 r 609,857 406,420 142,017 95,682 82,735 62,873 145,863 105,938 469,890 314,397 977,623 735,471 r
Liabilities
Federal Reserve notes outstanding 360,449 302,765 144,134 142,287 70,794 63,686 38,061 63,247 63,274 59,920 220,480 186,470 350,532 301,347
Less: Notes held by Federal Reserve Bank 32,723 21,798 22,227 9,680 5,845 4,660 4,873 2,680 7,313 4,736 27,361 13,854 53,020 33,638
Federal Reserve notes outstanding, net 327,726 280,967 121,907 132,607 64,949 59,026 33,188 33,567 55,961 55,184 193,119 172,616 297,512 267,709
Securities sold under agreements to repurchase 1 127,909 15,922 119,129 12,067 28,461 3,414 16,892 2,042 28,989 3,436 96,538 10,412 222,845 26,815
Deposits
Depository institutions 149,017 114,835 170,267 140,534 47,564 32,260 31,247 26,641 57,295 40,311 178,123 125,751 450,533 434,101
Treasury, general account n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Other deposits 8 527 2,806 196,455 119,071 11 2 983 88 2,951 6,324 758 4,447 71 27
Total deposits 149,544 117,641 366,722 259,605 47,575 32,262 32,230 26,729 60,246 46,635 178,881 130,198 450,604 434,128
Other liabilities
Accrued remittances to the Treasury9 251 68 r 148 0 34 0 67 0 55 0 90 0 318 57 r
Deferred credit items 659 696 0 0 0 0 * 0 * 3 0 0 0 0
Consolidated variable interest entities: Other liabilities n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Deposit - Treasury funding of lending facility credit protection n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
All other liabilities 10 370 668 410 604 179 236 r 153 200 r 193 257 285 463 r 514 989
Total liabilities 606,459 415,962 r 608,316 404,883 141,198 94,938 r 82,530 62,538 145,444 105,515 468,913 313,689 971,793 729,698 r
Capital accounts
Capital paid-in 1,102 1,464 1,284 1,269 682 616 171 275 349 350 814 583 4,857 4,768
Surplus (including accumulated other comprehensive loss) 221 309 257 267 137 130 34 58 70 74 163 123 973 1,005
Total Reserve Bank capital 1,323 1,773 1,541 1,536 819 746 205 333 419 424 977 706 5,830 5,773
Consolidated variable interest entities formed to administer credit and liquidity facilities: Non-controlling interest n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Total Reserve Bank capital and consolidated variable interest entities non-controlling interest 1,323 1,773 1,541 1,536 819 746 205 333 419 424 977 706 5,830 5,773
Total liabilities and capital accounts 607,782 417,735 r 609,857 406,419 142,017 95,684 r 82,735 62,871 145,863 105,939 469,890 314,395 977,623 735,471 r

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

 1. Contract amount of agreements. Return to table

 2. Treasury securities, Government-sponsored enterprise debt securities, and Federal agency and government-sponsored enterprise mortgage-backed are presented at amortized cost, net of unamortized premiums and unamortized discounts. Prior year unamortized premiums and unamortized discounts were reclassified to align with current year presentation. Return to table

 3. Treasury securities and Government-sponsored debt securities may be lent to primary dealers to facilitate the effective conduct of open market operations. Holdings are presented net of securities lent. Return to table

 4. The Federal Reserve Bank of Boston is the primary beneficiary of MS Facilities LLC (Main Street Lending Program), and the Federal Reserve Bank of New York is the primary beneficiary of Commercial Paper Funding Facility LLC, Corporate Credit Facilities LLC, Municipal Liquidity Facility LLC, and Term Asset-Backed Securities Loan Facility II LLC. As a result, the accounts and results of operations of those LLCs are included in the combined financial statements of the Federal Reserve Banks. Return to table

 5. Valued daily at market exchange rates. Return to table

 6. 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. Return to table

 7. Includes depository institution overdrafts. In 2021, furniture and equipment is reported in bank premises and equipment, net. Prior year furniture and equipment was reclassified to align with current year presentation. Return to table

 8. Includes deposits of government-sponsored enterprises (GSEs), international and designated financial market utilities. Also includes certain deposit accounts for services provided by the Reserve Banks as fiscal agents of the United States. In 2021, includes foreign official deposit accounts. Prior year foreign official deposit accounts were reclassified to align with current year presentation. Return to table

 9. Represents the estimated weekly remittances to the U.S. Treasury. Return to table

 10. Includes accrued benefit costs and cash collateral posted by counterparties under commitments to purchase and sell federal agency and GSE MBS. Return to table

* Less than $500,000.

n/a Not Applicable.

r Revised.

Table G.8B. Statement of condition of the Federal Reserve Banks, December 31, 2021 and 2020 Supplemental information—collateral held against Federal Reserve notes: Federal Reserve agents' accounts

Millions of dollars

Item 2021 2020
Federal Reserve notes outstanding 2,436,967 2,192,130
Less: Notes held by Federal Reserve Banks not subject to collateralization 249,828 151,855
Collateralized Federal Reserve notes 2,187,139 2,040,275
     
Collateral for Federal Reserve notes
Gold certificates 11,037 11,037
Special drawing rights certificates 5,200 5,200
U.S. Treasury securities 1 2,170,902 2,024,038
Total collateral 2,187,139 2,040,275

 1. Face value. Includes compensation to adjust for the effect of inflation on the original face value of inflation-indexed securities. Return to table

Table G.9. Income and expenses of the Federal Reserve Banks, by Bank, 2021

Thousands of dollars

Item Total Boston New York Philadelphia Cleveland Richmond
Current income
Interest income
Primary, secondary, and seasonal loans 1,879 59 627 108 0 33
Other loans, net 226,773 5,996 31,976 11,174 31,096 6,511
Interest income on securities purchased under agreements to resell 565 13 293 13 18 35
Treasury securities, net 92,610,283 1,675,573 51,290,598 1,993,732 3,256,152 6,109,103
Federal agency and government-sponsored enterprise mortgage-backed securities, net 29,618,781 541,483 16,357,574 639,289 1,036,420 1,949,602
Government-sponsored enterprise debt securities, net 133,987 2,471 73,823 2,898 4,670 8,804
Foreign currency denominated investments, net −44,809 −2,057 −15,058 −1,610 −3,864 −9,358
Central bank liquidity swaps1 7,293 343 2,451 262 625 1,535
Total interest income 122,554,752 2,223,881 67,742,284 2,645,866 4,325,117 8,066,265
Income from priced services 456,257 0 133,470 0 0 0
Securities lending fees 28,780 551 15,688 629 985 1,876
Other income 18,706 306 11,310 354 564 1,067
Total other income 503,743 857 160,468 983 1,549 2,943
Total current income 123,058,495 2,224,738 67,902,752 2,646,849 4,326,666 8,069,208
Net expenses
Salaries and other benefits 3,889,706 251,740 816,948 159,295 191,336 544,812
Building 318,190 31,931 67,735 14,351 16,719 35,249
Equipment 231,296 9,551 20,856 8,338 8,728 103,701
Software costs 357,046 8,030 35,748 4,043 11,109 196,517
Recoveries −330,906 −41,029 −23,305 −20,493 −6,925 −51,790
Expenses capitalized 2 −104,236 −14,447 −20,926 −439 −11,573 −3,737
Other expenses 730,576 125,379 272,121 54,564 48,830 −393,591
Total operating expenses before pension expense and reimbursements 5,091,672 371,155 1,169,177 219,659 258,224 431,161
System pension service costs 3 954,132 0 954,132 0 0 0
Reimbursable services to government agencies −786,316 −5,992 −187,011 −2,658 −79,561 −27,990
Operating expenses 5,259,488 365,163 1,936,298 217,001 178,663 403,171
Interest expense on securities sold under agreements to repurchase 414,273 6,923 234,170 8,750 15,074 27,760
Interest to depository institutions and others 5,332,558 113,761 2,784,931 136,410 241,173 418,908
Other expenses 1,608 31 878 34 55 104
Net expenses 11,007,927 485,878 4,956,277 362,195 434,965 849,943
Current net income 112,050,568 1,738,860 62,946,475 2,284,654 3,891,701 7,219,265
Additions to (+) and deductions from (−) current net income
Profit on sales of Treasury securities 23 0 13 0 0 2
Losses on sales of federal agency and government-sponsored enterprise mortgage-backed securities −34,920 −1,231 −14,384 −928 −696 −1,851
Foreign currency translation (losses) −1,856,034 −86,538 −623,734 −66,734 −159,372 −389,530
Other components of net benefit cost 366,295 −184 356,877 −25 −659 8,113
Net additions or deductions −12,882 −8 −11,535 −8 −12 −539
Net additions or deductions to current net income −1,537,518 −87,961 −292,763 −67,695 −160,739 −383,805
Assessments by Board
Board expenditures 4 970,000 43,823 325,476 35,742 84,840 201,017
Cost of currency 1,035,105 43,295 213,019 40,832 64,191 91,795
Consumer Financial Protection Bureau 5 627,500 28,485 210,484 23,209 54,946 130,008
Assessments by the Board of Governors 2,632,605 115,603 748,979 99,783 203,977 422,820
Consolidated variable interest entities
Net income from consolidated variable interest entities 975,095 804,156 170,939 0 0 0
Non-controlling interest in consolidated variable interest entities (income), net −926,873 −787,991 −138,882 0 0 0
Reserve Bank and consolidated variable interest entities net income before providing for remittances to the Treasury 107,928,666 1,551,461 61,936,791 2,117,175 3,526,985 6,412,639
Earnings remittances to the Treasury 109,024,672 1,544,170 63,221,175 2,102,326 3,418,006 6,393,101
Net income after providing for remittances to the Treasury −1,096,006 7,291 −1,284,384 14,849 108,980 19,538
Other comprehensive income (loss) 1,639,423 870 1,529,969 13,115 12,918 27,865
Comprehensive income 543,417 8,161 245,585 27,964 121,898 47,403
Distribution of comprehensive income
Dividends on capital stock 583,417 25,776 176,264 21,374 48,880 107,258
Transferred to/from surplus and change in accumulated other comprehensive income −40,000 −17,615 69,320 6,590 73,018 −59,854
Earnings remittances to the Treasury 109,024,672 1,544,170 63,221,175 2,102,326 3,418,006 6,393,101
Total distribution of comprehensive income 109,568,089 1,552,331 63,466,759 2,130,290 3,539,904 6,440,505

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

 1. Represents interest income recognized on swap agreements with foreign central banks. Return to table

 2. Includes expenses for labor and materials capitalized and depreciated or amortized as charges to activities in the periods benefited. Return to table

 3. Reflects the effect of the Financial Accounting Standards Board's Codification Topic (ASC 715) Compensation-Retirement Benefits. Pension service costs for the System Retirement Plan is recorded on behalf of the System in the books of the Federal Reserve Bank of New York. Return to table

 4. For additional details, see the Board of Governors Financial Statements at https://www.federalreserve.gov/aboutthefed/audited-annual-financial-statements.htm. Return to table

 5. The Board of Governors assesses the Reserve Banks to fund the operations of the Consumer Financial Protection Bureau. These assessments are allocated to each Reserve Bank based on each Reserve Bank's capital and surplus balances as of the most recent quarter. Return to table

Table G.9. Income and expenses of the Federal Reserve Banks, by Bank, 2021—continued

Thousands of dollars

Item Atlanta Chicago St. Louis Minneapolis Kansas City Dallas San Francisco
Current income
Interest income
Primary, secondary, and seasonal loans 81 150 6 29 38 66 682
Other loans, net 3,755 2,892 3,428 60,347 8,639 3,742 57,215
Interest income on securities purchased under agreements to resell 42 32 9 5 9 27 70
Treasury securities, net 5,762,651 5,082,370 1,268,919 754,739 1,288,210 4,183,856 9,944,381
Federal agency and government-sponsored enterprise mortgage-backed securities, net 1,857,736 1,626,704 408,519 243,051 414,553 1,341,958 3,201,893
Government-sponsored enterprise debt securities, net 8,459 7,363 1,858 1,106 1,885 6,085 14,565
Foreign currency denominated investments, net −2,075 −1,752 −823 −374 −482 −740 −6,617
Central bank liquidity swaps1 356 284 123 58 77 95 1,084
Total interest income 7,631,005 6,718,043 1,682,039 1,058,961 1,712,929 5,535,089 13,213,273
Income from priced services 230,672 92,115 0 0 0 0 0
Securities lending fees 1,871 1,586 409 244 414 1,321 3,207
Other income 1,043 899 230 137 235 749 1,812
Total other income 233,586 94,600 639 381 649 2,070 5,019
Total current income 7,864,591 6,812,643 1,682,678 1,059,342 1,713,578 5,537,159 13,218,292
Net expenses
Salaries and other benefits 296,023 324,166 239,645 174,529 301,959 212,756 376,498
Building 18,920 32,151 17,715 12,765 19,698 20,500 30,456
Equipment 14,454 13,154 5,890 4,908 11,798 11,306 18,613
Software costs 16,855 7,037 6,735 3,516 31,249 7,411 28,797
Recoveries −7,905 −22,886 −9,694 −15,323 −43,139 −31,832 −56,586
Expenses capitalized 2 −1,797 −4,132 −2,534 −8,358 −19,016 −2,310 −14,969
Other expenses 171,149 80,485 186,340 16,665 33,748 45,921 88,964
Total operating expenses before pension expense and reimbursements 507,699 429,975 444,097 188,702 336,297 263,752 471,773
System pension service costs3 0 0 0 0 0 0 0
Reimbursable services to government agencies −28,669 −3,403 −262,239 −42,870 −123,500 −20,163 −2,260
Operating expenses 479,030 426,572 181,858 145,832 212,797 243,589 469,513
Interest expense on securities sold under agreements to repurchase 24,273 22,607 5,401 3,205 5,501 18,320 42,289
Interest to depository institutions and others 183,042 428,403 59,333 44,332 67,425 195,031 659,809
Other expenses 104 89 23 14 24 74 178
Net expenses 686,449 877,671 246,615 193,383 285,747 457,014 1,171,789
Current net income 7,178,142 5,934,972 1,436,063 865,959 1,427,831 5,080,145 12,046,503
Additions to (+) and deductions from (−) current net income
Profit on sales of Treasury securities 1 1 0 0 0 1 2
Profit Losses on sales of federal agency and government-sponsored enterprise mortgage-backed securities −3,749 −2,050 −767 −463 −759 −1,992 −6,048
Foreign currency translation (losses) −88,765 −72,342 −32,401 −15,040 −19,779 −26,667 −275,132
Other components of net benefit cost 1,526 −1,008 3,167 555 −4,001 3,283 −1,349
Net additions or deductions −385 −24 −283 3 9 −39 −60
Net additions or deductions to current net income −91,372 −75,423 −30,284 −14,945 −24,530 −25,414 −282,587
Assessments by Board
Board expenditures 4 43,896 37,883 18,322 6,945 10,563 18,841 142,650
Cost of currency 152,215 90,103 32,839 19,865 33,526 96,006 157,419
Consumer Financial Protection Bureau5 28,467 24,477 11,787 4,351 6,830 12,184 92,274
Assessments by the Board of Governors 224,578 152,463 62,948 31,161 50,919 127,031 392,343
Consolidated variable interest entities
Net income from consolidated variable interest entities 0 0 0 0 0 0 0
Non-controlling interest in consolidated variable interest entities (income), net 0 0 0 0 0 0 0
Reserve Bank and consolidated variable interest entities net income before providing for remittances to the Treasury 6,862,191 5,707,086 1,342,831 819,852 1,352,382 4,927,701 11,371,572
Earnings remittances to the Treasury 6,930,134 5,693,612 1,319,510 850,941 1,352,939 4,879,302 11,319,456
Net income after providing for remittances to the Treasury −67,943 13,474 23,321 −31,089 −557 48,399 52,115
Other comprehensive income (loss) 9,588 6,912 −350 15,555 10,635 11,219 1,126
Comprehensive income −58,355 20,386 22,971 −15,534 10,078 59,618 53,242
Distribution of comprehensive income
Dividends on capital stock 29,586 30,611 16,155 8,349 13,887 19,615 85,662
Transferred to/from surplus and change in accumulated other comprehensive income −87,941 −10,225 6,817 −23,883 −3,809 40,002 −32,420
Earnings remittances to the Treasury 6,930,134 5,693,612 1,319,510 850,941 1,352,939 4,879,302 11,319,456
Total distribution of comprehensive income 6,871,779 5,713,998 1,342,482 835,407 1,363,017 4,938,919 11,372,698

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

 1. Represents interest income recognized on swap agreements with foreign central banks. Return to table

 2. Includes expenses for labor and materials capitalized and depreciated or amortized as charges to activities in the periods benefited. Return to table

 3. Reflects the effect of the Financial Accounting Standards Board's Codification Topic (ASC 715) Compensation-Retirement Benefits. Pension service costs for the System Retirement Plan is recorded on behalf of the System in the books of the Federal Reserve Bank of New York. Return to table

 4. For additional details, see the Board of Governors Financial Statements at https://www.federalreserve.gov/aboutthefed/audited-annual-financial-statements.htm. Return to table

 5. The Board of Governors assesses the Reserve Banks to fund the operations of the Consumer Financial Protection Bureau. These assessments are allocated to each Reserve Bank based on each Reserve Bank's capital and surplus balances as of the most recent quarter. Return to table

Table G.10. Income and expenses of the Federal Reserve Banks, 1914–2021

Thousands of dollars

Federal Reserve Bank
and
period
Current income Net expenses Net additions
or
deductions (−) 1 , 2
Assessments by the Board of Governors Other comprehensive
income
(loss)
Dividends paid Distributions to the U.S. Treasury Transferred to/from surplus 5 Transferred to/from surplus and change in accumulated other comprehensive income 6
Board expenditures Costs of currency Consumer Financial Protection Bureau and Office of Financial Research3 Statutory transfers 4 Interest on Federal Reserve notes
All banks
1914–15 2,173 2,018 6 302 n/a n/a n/a 217 n/a n/a n/a n/a
1916 5,218 2,082 −193 192 n/a n/a n/a 1,743 n/a n/a n/a n/a
1917 16,128 4,922 −1,387 238 n/a n/a n/a 6,804 1,134 n/a n/a 1,134
1918 67,584 10,577 −3,909 383 n/a n/a n/a 5,541 n/a n/a n/a 48,334
1919 102,381 18,745 −4,673 595 n/a n/a n/a 5,012 2,704 n/a n/a 70,652
1920 181,297 27,549 −3,744 710 n/a n/a n/a 5,654 60,725 n/a n/a 82,916
1921 122,866 33,722 −6,315 741 n/a n/a n/a 6,120 59,974 n/a n/a 15,993
1922 50,499 28,837 −4,442 723 n/a n/a n/a 6,307 10,851 n/a n/a −660
1923 50,709 29,062 −8,233 703 n/a n/a n/a 6,553 3,613 n/a n/a 2,546
1924 38,340 27,768 −6,191 663 n/a n/a n/a 6,682 114 n/a n/a −3,078
1925 41,801 26,819 −4,823 709 n/a n/a n/a 6,916 59 n/a n/a 2,474
1926 47,600 24,914 −3,638 722 1,714 n/a n/a 7,329 818 n/a n/a 8,464
1927 43,024 24,894 −2,457 779 1,845 n/a n/a 7,755 250 n/a n/a 5,044
1928 64,053 25,401 −5,026 698 806 n/a n/a 8,458 2,585 n/a n/a 21,079
1929 70,955 25,810 −4,862 782 3,099 n/a n/a 9,584 4,283 n/a n/a 22,536
1930 36,424 25,358 −93 810 2,176 n/a n/a 10,269 17 n/a n/a −2,298
1931 29,701 24,843 311 719 1,479 n/a n/a 10,030 n/a n/a n/a −7,058
1932 50,019 24,457 −1,413 729 1,106 n/a n/a 9,282 2,011 n/a n/a 11,021
1933 49,487 25,918 −12,307 800 2,505 n/a n/a 8,874 n/a n/a n/a −917
1934 48,903 26,844 −4,430 1,372 1,026 n/a n/a 8,782 n/a n/a −60 6,510
1935 42,752 28,695 −1,737 1,406 1,477 n/a n/a 8,505 298 n/a 28 607
1936 37,901 26,016 486 1,680 2,178 n/a n/a 7,830 227 n/a 103 353
1937 41,233 25,295 −1,631 1,748 1,757 n/a n/a 7,941 177 n/a 67 2,616
1938 36,261 25,557 2,232 1,725 1,630 n/a n/a 8,019 120 n/a −419 1,862
1939 38,501 25,669 2,390 1,621 1,356 n/a n/a 8,110 25 n/a −426 4,534
1940 43,538 25,951 11,488 1,704 1,511 n/a n/a 8,215 82 n/a −54 17,617
1941 41,380 28,536 721 1,840 2,588 n/a n/a 8,430 141 n/a −4 571
1942 52,663 32,051 −1,568 1,746 4,826 n/a n/a 8,669 198 n/a 50 3,554
1943 69,306 35,794 23,768 2,416 5,336 n/a n/a 8,911 245 n/a 135 40,327
1944 104,392 39,659 3,222 2,296 7,220 n/a n/a 9,500 327 n/a 201 48,410
1945 142,210 41,666 −830 2,341 4,710 n/a n/a 10,183 248 n/a 262 81,970
1946 150,385 50,493 −626 2,260 4,482 n/a n/a 10,962 67 n/a 28 81,467
1947 158,656 58,191 1,973 2,640 4,562 n/a n/a 11,523 36 75,284 87 8,366
1948 304,161 64,280 −34,318 3,244 5,186 n/a n/a 11,920 n/a 166,690 n/a 18,523
1949 316,537 67,931 −12,122 3,243 6,304 n/a n/a 12,329 n/a 193,146 n/a 21,462
1950 275,839 69,822 36,294 3,434 7,316 n/a n/a 13,083 n/a 196,629 n/a 21,849
1951 394,656 83,793 −2,128 4,095 7,581 n/a n/a 13,865 n/a 254,874 n/a 28,321
1952 456,060 92,051 1,584 4,122 8,521 n/a n/a 14,682 n/a 291,935 n/a 46,334
1953 513,037 98,493 −1,059 4,100 10,922 n/a n/a 15,558 n/a 342,568 n/a 40,337
1954 438,486 99,068 −134 4,175 6,490 n/a n/a 16,442 n/a 276,289 n/a 35,888
1955 412,488 101,159 −265 4,194 4,707 n/a n/a 17,712 n/a 251,741 n/a 32,710
1956 595,649 110,240 −23 5,340 5,603 n/a n/a 18,905 n/a 401,556 n/a 53,983
1957 763,348 117,932 −7,141 7,508 6,374 n/a n/a 20,081 n/a 542,708 n/a 61,604
1958 742,068 125,831 124 5,917 5,973 n/a n/a 21,197 n/a 524,059 n/a 59,215
1959 886,226 131,848 98,247 6,471 6,384 n/a n/a 22,722 n/a 910,650 n/a −93,601
1960 1,103,385 139,894 13,875 6,534 7,455 n/a n/a 23,948 n/a 896,816 n/a 42,613
1961 941,648 148,254 3,482 6,265 6,756 n/a n/a 25,570 n/a 687,393 n/a 70,892
1962 1,048,508 161,451 −56 6,655 8,030 n/a n/a 27,412 n/a 799,366 n/a 45,538
1963 1,151,120 169,638 615 7,573 10,063 n/a n/a 28,912 n/a 879,685 n/a 55,864
1964 1,343,747 171,511 726 8,655 17,230 n/a n/a 30,782 n/a 1,582,119 n/a −465,823
1965 1,559,484 172,111 1,022 8,576 23,603 n/a n/a 32,352 n/a 1,296,810 n/a 27,054
1966 1,908,500 178,212 996 9,022 20,167 n/a n/a 33,696 n/a 1,649,455 n/a 18,944
1967 2,190,404 190,561 2,094 10,770 18,790 n/a n/a 35,027 n/a 1,907,498 n/a 29,851
1968 2,764,446 207,678 8,520 14,198 20,474 n/a n/a 36,959 n/a 2,463,629 n/a 30,027
1969 3,373,361 237,828 −558 15,020 22,126 n/a n/a 39,237 n/a 3,019,161 n/a 39,432
1970 3,877,218 276,572 11,442 21,228 23,574 n/a n/a 41,137 n/a 3,493,571 n/a 32,580
1971 3,723,370 319,608 94,266 32,634 24,943 n/a n/a 43,488 n/a 3,356,560 n/a 40,403
1972 3,792,335 347,917 −49,616 35,234 31,455 n/a n/a 46,184 n/a 3,231,268 n/a 50,661
1973 5,016,769 416,879 −80,653 44,412 33,826 n/a n/a 49,140 n/a 4,340,680 n/a 51,178
1974 6,280,091 476,235 −78,487 41,117 30,190 n/a n/a 52,580 n/a 5,549,999 n/a 51,483
1975 6,257,937 514,359 −202,370 33,577 37,130 n/a n/a 54,610 n/a 5,382,064 n/a 33,828
1976 6,623,220 558,129 7,311 41,828 48,819 n/a n/a 57,351 n/a 5,870,463 n/a 53,940
1977 6,891,317 568,851 −177,033 47,366 55,008 n/a n/a 60,182 n/a 5,937,148 n/a 45,728
1978 8,455,309 592,558 −633,123 53,322 60,059 n/a n/a 63,280 n/a 7,005,779 n/a 47,268
1979 10,310,148 625,168 −151,148 50,530 68,391 n/a n/a 67,194 n/a 9,278,576 n/a 69,141
1980 12,802,319 718,033 −115,386 62,231 73,124 n/a n/a 70,355 n/a 11,706,370 n/a 56,821
1981 15,508,350 814,190 −372,879 63,163 82,924 n/a n/a 74,574 n/a 14,023,723 n/a 76,897
1982 16,517,385 926,034 −68,833 61,813 98,441 n/a n/a 79,352 n/a 15,204,591 n/a 78,320
1983 16,068,362 1,023,678 −400,366 71,551 152,135 n/a n/a 85,152 n/a 14,228,816 n/a 106,663
1984 18,068,821 1,102,444 −412,943 82,116 162,606 n/a n/a 92,620 n/a 16,054,095 n/a 161,996
1985 18,131,983 1,127,744 1,301,624 77,378 173,739 n/a n/a 103,029 n/a 17,796,464 n/a 155,253
1986 17,464,528 1,156,868 1,975,893 97,338 180,780 n/a n/a 109,588 n/a 17,803,895 n/a 91,954
1987 17,633,012 1,146,911 1,796,594 81,870 170,675 n/a n/a 117,499 n/a 17,738,880 n/a 173,771
1988 19,526,431 1,205,960 −516,910 84,411 164,245 n/a n/a 125,616 n/a 17,364,319 n/a 64,971
1989 22,249,276 1,332,161 1,254,613 89,580 175,044 n/a n/a 129,885 n/a 21,646,417 n/a 130,802
1990 23,476,604 1,349,726 2,099,328 103,752 193,007 n/a n/a 140,758 n/a 23,608,398 n/a 180,292
1991 22,553,002 1,429,322 405,729 109,631 261,316 n/a n/a 152,553 n/a 20,777,552 n/a 228,356
1992 20,235,028 1,474,531 −987,788 128,955 295,401 n/a n/a 171,763 n/a 16,774,477 n/a 402,114
1993 18,914,251 1,657,800 −230,268 140,466 355,947 n/a n/a 195,422 n/a 15,986,765 n/a 347,583
1994 20,910,742 1,795,328 2,363,862 146,866 368,187 n/a n/a 212,090 n/a 20,470,011 n/a 282,122
1995 25,395,148 1,818,416 857,788 161,348 370,203 n/a n/a 230,527 n/a 23,389,367 n/a 283,075
1996 25,164,303 1,947,861 −1,676,716 162,642 402,517 n/a n/a 255,884 5,517,716 14,565,624 n/a 635,343
1997 26,917,213 1,976,453 −2,611,570 174,407 364,454 n/a n/a 299,652 20,658,972 0 n/a 831,705
1998 28,149,477 1,833,436 1,906,037 178,009 408,544 n/a n/a 343,014 17,785,942 8,774,994 n/a 731,575
1999 29,346,836 1,852,162 −533,557 213,790 484,959 n/a n/a 373,579 n/a 25,409,736 n/a 479,053
2000 33,963,992 1,971,688 −1,500,027 188,067 435,838 n/a n/a 409,614 n/a 25,343,892 n/a 4,114,865
2001 31,870,721 2,084,708 −1,117,435 295,056 338,537 n/a n/a 428,183 n/a 27,089,222 n/a 517,580
2002 26,760,113 2,227,078 2,149,328 205,111 429,568 n/a n/a 483,596 n/a 24,495,490 n/a 1,068,598
2003 23,792,725 2,462,658 2,481,127 297,020 508,144 n/a n/a 517,705 n/a 22,021,528 n/a 466,796
2004 23,539,942 2,238,705 917,870 272,331 503,784 n/a n/a 582,402 n/a 18,078,003 n/a 2,782,587
2005 30,729,357 2,889,544 −3,576,903 265,742 477,087 n/a n/a 780,863 n/a 21,467,545 n/a 1,271,672
2006 38,410,427 3,263,844 −158,846 301,014 491,962 n/a n/a 871,255 n/a 29,051,678 n/a 4,271,828
2007 42,576,025 3,510,206 198,417 296,125 576,306 n/a 324,481 992,353 n/a 34,598,401 n/a 3,125,533
2008 41,045,582 4,870,374 3,340,628 352,291 500,372 n/a −3,158,808 1,189,626 n/a 31,688,688 n/a 2,626,053
2009 54,463,121 5,978,795 4,820,204 386,400 502,044 n/a 1,006,813 1,428,202 n/a 47,430,237 n/a 4,564,460
2010 79,300,937 6,270,420 9,745,562 422,200 622,846 42,286 45,881 1,582,785 n/a 79,268,124 n/a 883,724
2011 85,241,366 7,316,643 2,015,991 472,300 648,798 281,712 −1,161,848 1,577,284 n/a 75,423,597 n/a 375,175
2012 81,586,102 7,798,353 18,380,835 490,001 722,301 387,279 −52,611 1,637,934 n/a 88,417,936 n/a 460,528
2013 91,149,953 9,134,656 −1,029,750 580,000 701,522 563,200 2,288,811 1,649,277 n/a 79,633,271 n/a 147,088
2014 116,561,512 10,714,872 −2,718,283 590,000 710,807 563,000 −1,611,569 1,685,826 n/a 96,901,695 n/a 1,064,952
2015 114,233,676 11,139,956 −1,305,513 705,000 689,288 489,700 366,145 1,742,745 25,955,921 91,143,493 n/a −18,571,798
2016 111,743,998 17,262,620 −114,255 709,000 700,728 596,200 −183,232 711,423 91,466,545 n/a n/a 0
2017 114,193,573 33,397,138 1,932,579 740,000 723,534 573,000 650,808 783,599 80,559,689 n/a n/a 0
2018 112,861,657 47,353,636 −382,959 838,000 848,807 337,100 41,831 998,703 65,319,280 n/a n/a −3,175,000
2019 103,220,435 45,423,825 −169,458 814,000 836,975 518,600 148,923 713,931 54,892,569 n/a n/a 0
2020 102,036,168 13,454,957 2,266,152 947,000 831,133 517,300 −1,275,509 386,312 86,890,110 n/a n/a 0
2021 123,058,495 11,007,927 −1,489,296 970,000 1,035,105 627,500 1,639,423 583,417 109,024,672 n/a n/a −40,000
Total 1914–2021 2,084,162,241 287,981,632 39,532,652 14,017,118 19,482,577 5,496,877 −930,460 26,402,194 558,222,744 1,198,433,402 −4 12,727,3897
Aggregate for each Bank, 1914–2021
Boston 70,617,546 9,313,076 343,552 610,116 1,007,336 244,491 16,241 1,156,752 13,316,590 44,842,511 135 500,468
New York 977,689,395 136,554,303 27,216,053 4,105,218 4,957,821 1,780,947 −1,217,309 7,492,074 298,926,827 545,077,826 −433 4,793,662
Philadelphia 62,987,155 9,343,663 792,580 805,781 879,147 324,276 25,483 1,792,803 13,933,479 36,308,189 291 418,097
Cleveland 83,035,070 9,033,414 694,154 1,079,213 1,131,760 440,272 36,546 1,979,028 19,517,876 49,612,575 −10 964,710
Richmond 148,492,186 21,093,144 2,272,218 2,729,578 1,674,986 1,167,850 79,076 5,310,948 35,130,242 81,295,580 −72 2,461,326
Atlanta 137,800,678 18,872,326 1,762,528 885,925 2,230,643 303,036 51,427 1,703,512 39,461,437 75,616,315 5 571,214
Chicago 160,992,680 20,096,594 1,896,899 856,585 1,957,707 188,491 24,237 1,549,885 27,781,829 109,806,844 12 673,491
St. Louis 46,966,231 5,696,456 413,475 228,266 667,965 66,206 27,018 419,831 8,917,917 31,149,772 −27 242,440
Minneapolis 26,193,791 5,395,082 419,989 224,366 380,703 32,525 24,336 472,842 4,504,264 15,436,029 65 187,651
Kansas City 51,976,545 8,045,857 575,478 240,913 677,683 55,955 −7,556 461,957 8,392,996 34,476,668 −9 190,587
Dallas 86,126,145 10,556,608 1,120,727 355,674 1,273,259 82,090 30,627 662,432 24,126,628 49,889,286 55 289,028
San Francisco 231,284,809 33,981,110 2,024,999 1,895,486 2,643,565 810,745 −20,585 3,400,129 64,212,662 124,921,807 −17 1,434,718
Total 2,084,162,241 287,981,632 39,532,652 14,017,118 19,482,577 5,496,877 −930,460 26,402,194 558,222,744 1,198,433,402 −4 12,727,389

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

 1. For 1987 and subsequent years, includes the cost of services provided to the Treasury by Federal Reserve Banks for which reimbursement was not received. Return to table

 2. The Federal Reserve Bank of Boston is the primary beneficiary of MS Facilities LLC (Main Street Lending Program), and the Federal Reserve Bank of New York is the primary beneficiary of Commercial Paper Funding Facility LLC, Corporate Credit Facilities LLC, Municipal Liquidity Facility LLC, and Term Asset-Backed Loan Facility II LLC. As a result, the accounts and results of operations of those LLCs are included in the combined financial statements of the Federal Reserve Banks. Return to table

 3. Starting in 2010, as required under the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, the Board of Governors began assessing the Reserve Banks to fund the operations of the Consumer Financial Protection Bureau and, for a two-year period beginning July 21, 2010, the Office of Financial Research. These assessments are allocated to the Reserve Banks based on each Reserve Bank's capital and surplus balances as of the most recent quarter. Return to table

 4. Represents transfers made as a franchise tax from 1917 through 1932; transfers made under section 13b of the Federal Reserve Act from 1935 through 1947; transfers made under section 7 of the Federal Reserve Act for 1996, 1997, and 2015 to present. Return to table

 5. Transfers made under section 13b of the Federal Reserve Act. Return to table

 6. Transfers made under section 7 of the Federal Reserve Act. Beginning in 2006, accumulated other comprehensive income is reported as a component of surplus. Return to table

 7. The $12,727,389 thousand transferred to surplus was reduced by direct charges of $500 thousand for charge-off on Bank premises (1927); $139,300 thousand for contributions to capital of the Federal Deposit Insurance Corporation (1934); $4 thousand net upon elimination of section 13b surplus (1958); $106,000 thousand (1996), $107,000 thousand (1997), and $3,752,000 thousand (2000) transferred to the Treasury as statutorily required; and $1,848,716 thousand related to the implementation of SFAS No. 158 (2006) and was increased by a transfer of $11,131 thousand from reserves for contingencies (1955), leaving a balance of $6,785,000 thousand on December 31, 2021. Return to table

n/a Not Applicable.

Table G.11. Operations in principal departments of the Federal Reserve Banks, 2018–21
Operation 2021 2020 2019 2018
Millions of pieces
Currency processed 28,172 26,596 33,042 34,312
Currency destroyed 1,351 2,044 r 5,141 r 4,820 r
Coin received 30,370 33,994 56,101 56,012
Checks handled
U.S. government checks 1 131 83 52 53
Postal money orders 70 74 80 83
Commercial 3,657 3,767 4,389 4,740
Securities transfers 2 19 21 19 17
Funds transfers 3 204 184 168 158
Automated clearinghouse transactions
Commercial 17,895 16,549 15,584 14,692
Government 1,959 1,878 1,704 1,668
Millions of dollars
Currency processed 657,495 561,278 665,246 659,126
Currency destroyed 20,445 30,560 r 84,323 r 98,682 r
Coin received 2,811 3,294 5,408 5,387
Checks handled
U.S. government checks 1 272,637 205,905 149,337 148,149
Postal money orders 20,161 20,558 21,412 21,034
Commercial 8,757,539 7,874,721 8,317,894 8,485,159
Securities transfers 2 310,827,220 361,728,932 345,813,248 296,335,209
Funds transfers 3 991,810,545 840,483,038 695,835,129 716,211,759
Automated clearinghouse transactions
Commercial 31,446,232 31,446,232 28,081,631 25,860,072
Government 8,118,875 6,852,715 5,787,018 5,515,114

 1. Includes government checks handled electronically (electronic checks). Return to table

 2. Data on securities transfers do not include reversals. Return to table

 3. Data on funds transfers do not include non-value transfers. Return to table

r Revised.

Table G.12. Number and annual salaries of officers and employees of the Federal Reserve Banks, December 31, 2021
Federal Reserve Bank
(including branches)
President Other officers Employees Total
Annual
salary
(dollars)1
Number Annual
salaries
(dollars) 1
Number Annual
salaries
(dollars) 1, 3
Number Annual
salaries
(dollars) 1, 3
Full
time
Part
time
Temporary/
hourly 2
Boston4 0 117 32,667,033 1,091 7 8 144,227,933 1,223 176,894,966
New York 513,400 588 168,501,482 2,351 19 0 340,204,800 2,959 509,219,682
Philadelphia 448,200 73 17,612,000 788 7 19 91,088,224 888 109,148,424
Cleveland 441,400 93 22,349,890 1,013 16 27 108,624,044 1,150 131,415,334
Richmond 418,000 97 22,516,200 1,391 7 9 148,584,060 1,505 171,518,260
Atlanta 430,200 113 27,263,199 1,521 18 27 166,175,331 1,680 193,868,730
Chicago 464,000 148 38,335,628 1,454 23 0 181,297,649 1,626 220,097,277
St. Louis 416,300 107 26,609,700 1,280 18 12 135,880,826 1,418 162,906,826
Minneapolis 448,300 65 15,882,667 963 39 9 98,716,907 1,077 115,047,874
Kansas City 416,500 113 24,165,900 1,919 13 8 174,337,568 2,054 198,919,968
Dallas 5 0 83 20,224,373 1,150 10 21 116,830,072 1,264 137,054,445
San Francisco 497,400 140 38,119,695 1,623 16 19 202,057,942 1,799 240,675,037
Federal Reserve Information Technology n/a 79 19,629,300 1,352 1 2 179,947,466 1,434 199,576,766
Office of Employee Benefits n/a 17 5,036,800 46 1 0 6,654,260 64 11,691,060
Total 4,493,700 1,833 478,913,867 17,942 195 161 2,094,627,082 20,141 2,578,034,648

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

 1. Annual salary (excluding outside agency costs) based on salaries in effect on December 31, 2021. Return to table

 2. Temporary/hourly employees are paid by the Bank, generally work less than 780 hours, and are employed on a temporary basis (such as interns). Return to table

 3. Annual salary totals include pandemic premium pay for essential staff as a result of COVID-19. Return to table

 4. FRB Boston president retired in September 2021. Return to table

 5. FRB Dallas president retired in October 2021. Return to table

n/a Not applicable.

Table G.13. Acquisition costs and net book value of the premises of the Federal Reserve Banks and Branches, December 31, 2021

Thousands of dollars

Federal Reserve Bank or Branch Acquisition costs Net book value Other real estate
Land Buildings (including vaults) 1 Total2
Boston 27,293 215,015 242,308 77,945 n/a
New York 68,398 667,323 735,721 368,494 n/a
Philadelphia 8,146 200,294 208,440 112,633 n/a
Cleveland 4,219 165,035 169,254 88,793 n/a
Cincinnati 5,126 33,826 38,952 10,350 n/a
Richmond 32,524 205,747 238,271 105,707 n/a
Baltimore 7,917 44,505 52,422 22,213 n/a
Charlotte 7,884 46,877 54,761 25,726 n/a
Atlanta 25,329 165,748 191,077 117,363 n/a
Birmingham 5,347 13,433 18,780 9,499 n/a
Jacksonville 2,185 28,315 30,500 13,087 n/a
New Orleans 3,789 16,752 20,541 8,314 n/a
Miami 4,664 38,756 43,420 17,446 n/a
Chicago 7,460 267,954 275,414 100,656 n/a
Detroit 13,371 76,869 90,240 62,210 n/a
St. Louis 9,942 156,939 166,881 79,823 n/a
Memphis 2,472 22,382 24,854 6,766 n/a
Minneapolis 28,099 124,960 153,059 90,655 n/a
Helena 3,316 10,398 13,714 6,281 n/a
Kansas City 38,985 220,088 259,073 192,438 n/a
Denver 4,957 17,795 22,752 12,185 n/a
Omaha 4,874 13,936 18,810 11,132 n/a
Dallas 37,960 160,255 198,215 110,731 n/a
El Paso 262 6,207 6,469 1,458 n/a
Houston 32,323 106,261 138,584 96,838 n/a
San Francisco 20,988 153,752 174,740 70,462 n/a
Los Angeles 5,217 80,641 85,858 36,813 n/a
Salt Lake City 1,294 6,508 7,802 1,897 n/a
Seattle 13,101 50,282 63,383 45,305 n/a
Phoenix 1,089 15,401 16,490 9,665 n/a
Total 428,531 3,332,254 3,760,785 1,938,596 n/a

 1. Includes expenditures for construction at some offices, pending allocation to appropriate accounts. Return to table

 2. Effective January 1, 2021, the Building machinery and equipment asset class was reclassified to furniture and equipment and is no longer included in premises of the Federal Reserve Banks and Branches. Return to table

n/a Not Applicable.

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Last Update: August 11, 2022