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-hub. Return 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 D. Return 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.