FRB: Annual Report 2014 - Statistical Table 9A

Annual Report 2014

Statistical Table 9A

Table 9A. Statement of condition of the Federal Reserve Banks, by Bank, December 31, 2014 and 2013
Millions of dollars
Item	Total		Boston		New York		Philadelphia		Cleveland		Richmond
Item	2014	2013	2014	2013	2014	2013	2014	2013	2014	2013	2014	2013
Assets
Gold certificates	11,037	11,037	352	391	4,125	3,925	338	397	464	512	824	856
Special drawing rights certificates	5,200	5,200	196	196	1,818	1,818	210	210	237	237	412	412
Coin	1,873	1,955	30	35	79	82	122	123	120	130	307	335
Loans and securities
Primary, secondary, and seasonal loans	145	74	11	0	4	10	7	0	0	0	1	1
Term Asset-Backed Securities Loan Facility ¹	0	98	n/a	n/a	0	98	n/a	n/a	n/a	n/a	n/a	n/a
Treasury securities, bought outright ²	2,461,363	2,208,775	49,789	57,757	1,510,695	1,224,856	58,967	63,998	53,740	56,410	137,567	137,343
Government-sponsored enterprise debt securities, bought outright²	38,677	57,221	782	1,496	23,739	31,731	927	1,658	844	1,461	2,162	3,558
Federal agency and government-sponsored enterprise mortgage-backed securities, bought outright ³	1,736,833	1,490,162	35,133	38,966	1,066,005	826,356	41,609	43,176	37,921	38,057	97,073	92,659
Unamortized premiums on securities held outright ⁴	206,835	208,610	4,184	5,455	126,948	115,682	4,955	6,043	4,516	5,329	11,560	12,972
Unamortized discounts on securities held outright⁴	-18,394	-12,352	-372	-323	-11,290	-6,850	-441	-357	-402	-316	-1,028	-768
Total loans and securities	4,425,459	3,952,588	89,527	103,351	2,716,101	2,191,883	106,024	114,518	96,619	100,941	247,335	245,765
Accrued interest receivable - System Open Market Account	25,644	23,493	521	616	15,715	13,007	619	685	565	605	1,446	1,474
Net portfolio holdings of consolidated variable interest entities ⁵	1,811	1,926	n/a	n/a	1,811	1,926	n/a	n/a	n/a	n/a	n/a	n/a
Foreign currency denominated investments ⁶	20,900	23,724	951	1,166	6,720	7,583	1,571	1,835	1,662	1,851	4,358	4,982
Central bank liquidity swaps ⁷	1,528	272	70	13	491	87	115	21	122	21	319	57
Other SOMA assets	29	1	1	0	18	1	1	0	1	0	2	0
Other assets
Items in process of collection	86	165	0	0	0	0	0	0	0	0	0	0
Bank premises	2,263	2,290	124	123	437	432	76	73	110	111	220	228
Deferred asset (accrued liability)- remittances to the Treasury	667	0	-16	0	923	0	-7	0	5	0	-28	0
All other assets ⁸	1,277	1,498	66	64	341	580	43	43	45	42	244	247
Interdistrict settlement account	0	0	49,233	6,796	-187,283	166,886	-4,108	-19,721	38,162	4,138	-3,289	-32,634
Total assets	4,497,774	4,024,149	141,055	112,751	2,561,296	2,388,210	105,004	98,184	138,112	108,588	252,150	221,722
Liabilities
Federal Reserve notes outstanding	1,469,554	1,400,977	45,956	45,182	475,290	513,592	46,452	41,983	68,649	58,552	103,087	104,492
Less: Notes held by Federal Reserve Bank	170,829	203,057	4,688	9,988	56,971	38,515	4,940	5,920	7,811	5,080	11,152	8,774
Federal Reserve notes outstanding, net	1,298,725	1,197,920	41,268	35,194	418,319	475,077	41,512	36,063	60,838	53,472	91,935	95,718
Securities sold under agreements to repurchase ⁹	509,837	315,924	10,313	8,261	312,919	175,193	12,214	9,154	11,132	8,068	28,495	19,645
Deposits
Depository institutions	2,377,996	2,249,070	86,758	66,567	1,560,513	1,518,974	47,897	48,568	61,513	42,425	118,097	94,182
Treasury, general account	223,452	162,399	n/a	n/a	223,452	162,399	n/a	n/a	n/a	n/a	n/a	n/a
Foreign, official accounts	5,242	7,970	2	2	5,214	7,943	3	3	3	3	8	8
Other ¹⁰	20,318	26,180	2	8	20,177	26,020	25	17	0	0	92	105
Total deposits	2,627,008	2,445,619	86,762	66,577	1,809,356	1,715,336	47,925	48,588	61,516	42,428	118,197	94,295
Other liabilities
Accrued remittances to Treasury ¹¹	0	4,791	0	87	0	3,328	0	84	0	84	0	192
Deferred credit items	641	1,127	0	0	3	0	0	0	0	3	0	0
Consolidated variable interest entities ¹²	127	274	n/a	n/a	127	274	n/a	n/a	n/a	n/a	n/a	n/a
All other liabilities ¹³	4,292	3,480	120	130	2,156	1,312	159	159	170	157	409	400
Total liabilities	4,440,630	3,969,135	138,463	110,249	2,542,880	2,370,520	101,810	94,048	133,656	104,212	239,036	210,250
Capital accounts
Capital paid-in	28,572	27,507	1,296	1,251	9,208	8,845	1,597	2,068	2,228	2,188	6,557	5,736
Surplus (including accumulated other comprehensive loss)	28,572	27,507	1,296	1,251	9,208	8,845	1,597	2,068	2,228	2,188	6,557	5,736
Total liabilities and capital accounts	4,497,774	4,024,149	141,055	112,751	2,561,296	2,388,210	105,004	98,184	138,112	108,588	252,150	221,722

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

1. Measured at fair value. Amounts include $0 million and $1 million in unrealized gains as of December 31, 2014 and 2013, respectively. Return to table

2. Par value. Includes securities loaned--fully collateralized by U.S. Treasury securities, other investment-grade securities, and collateral eligible for tri-party repurchase agreements pledged with Federal Reserve Banks. Return to table

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

4. Reflects the premium or discount, which is the difference between the purchase price and the face value of the securities that has not been amortized. For U.S. Treasury and Federal agency debt securities, amortization is on a straight-line basis. For mortgage-backed securities, amortization is on an effective-interest basis. Return to table

5. The FRBNY is the primary beneficiary of TALF LLC, Maiden Lane LLC, Maiden Lane II LLC, and Maiden Lane III LLC and, as a result, the accounts and results of operations of these entities are included in the combined financial statements of the Federal Reserve Banks. For additional details, see section 6, "Table 6. Key financial data for consolidated variable interest entities." Return to table

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

7. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the foreign central bank. Return to table

8. Includes furniture and equipment and depository institution overdrafts. Return to table

9. Contract amount of agreements. Return to table

10. Includes deposits of government-sponsored enterprises, the Consumer Financial Protection Bureau, international organizations, and designated financial market utilities. These deposits are primarily held by the FRBNY. Return to table

11. Represents the estimated weekly remittances to U.S. Treasury as interest on Federal Reserve notes or, in those cases where the Reserve Bank's net earnings are not sufficient to equate surplus to capital paid-in, the deferred asset for interest on Federal Reserve notes. The amounts on this line are calculated in accordance with Board of Governors policy, which requires the Federal Reserve Banks to remit residual earnings to the U.S. Treasury as interest on Federal Reserve notes after providing for the costs of operations, payment of dividends, and the amount necessary to equate surplus with capital paid-in. Return to table

12. The other beneficial interest holder related to the TALF LLC is the U.S. Treasury; to Maiden Lane LLC, it is JPMorgan Chase; and to Maiden Lane II and Maiden Lane III LLCs, it is AIG. Return to table

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

n/a Not applicable.

Table 9A. Statement of condition of the Federal Reserve Banks, by Bank, December 31, 2014 and 2013 *--continued*
Millions of dollars
Item	Atlanta		Chicago		St. Louis		Minneapolis		Kansas City		Dallas		San Francisco
Item	2014	2013	2014	2013	2014	2013	2014	2013	2014	2013	2014	2013	2014	2013
Assets
Gold certificates	1,349	1,421	706	792	278	310	173	190	291	309	880	728	1,257	1,206
Special drawing rights certificates	654	654	424	424	150	150	90	90	153	153	282	282	574	574
Coin	208	238	279	285	23	19	45	48	152	152	188	178	320	332
Loans and securities
Primary, secondary, and seasonal loans	5	6	30	18	0	3	48	27	31	9	0	0	8	0
Term Asset-Backed Securities Loan Facility ¹	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
Treasury securities, bought outright ²	136,063	146,726	100,599	119,354	30,359	35,540	15,084	20,960	32,422	41,788	74,998	85,772	261,080	218,271
Government-sponsored enterprise debt securities, bought outright²	2,138	3,801	1,581	3,092	477	921	237	543	510	1,083	1,179	2,222	4,103	5,655
Federal agency and government- sponsored enterprise mortgage-backed securities, bought outright ³	96,011	98,989	70,987	80,523	21,423	23,977	10,644	14,140	22,878	28,192	52,922	57,867	184,228	147,258
Unamortized premiums on securities held outright ⁴	11,434	13,858	8,454	11,273	2,551	3,355	1,268	1,980	2,725	3,947	6,302	8,101	21,939	20,614
Unamortized discounts on securities held outright⁴	-1,017	-821	-752	-668	-227	-198	-113	-117	-242	-233	-561	-479	-1,951	-1,220
Total loans and securities	244,634	262,559	180,899	213,592	54,583	63,598	27,168	37,533	58,324	74,786	134,840	153,483	469,407	390,578
Accrued interest receivable - System Open Market Account	1,418	1,560	1,047	1,267	316	377	157	222	338	444	780	910	2,723	2,325
Net portfolio holdings of consolidated variable interest entities ⁵	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
Foreign currency denominated investments ⁶	1,202	1,352	577	677	176	198	88	99	220	240	349	376	3,024	3,365
Central bank liquidity swaps ⁷	88	15	42	8	13	2	6	1	16	3	26	4	221	39
Other SOMA assets	2	0	1	0	0	0	0	0	0	0	1	0	3	0
Other assets
Items in process of collection	86	165	0	0	0	0	0	0	0	0	0	0	0	0
Bank premises	212	211	201	203	122	127	96	99	241	247	223	231	201	204
Deferred asset (accrued liability)- remittances to the Treasury	-51	0	-24	0	-12	0	14	0	-3	0	-19	0	-114	0
All other assets ⁸	100	95	66	61	80	84	39	72	48	42	62	60	142	109
Interdistrict settlement account	13,938	-44,679	-923	-53,946	-4,483	-19,511	3,814	-14,795	3,760	-22,792	23,691	-31,534	67,487	61,793
Total assets	263,840	223,591	183,295	163,363	51,246	45,354	31,690	23,559	63,540	53,584	161,303	124,718	545,245	460,525
Liabilities
Federal Reserve notes outstanding	214,198	170,140	101,373	89,177	41,433	34,459	23,220	21,614	38,323	36,847	120,243	120,857	191,329	164,081
Less: Notes held by Federal Reserve Bank	22,254	18,059	10,427	13,399	4,734	3,161	3,077	9,275	4,537	10,308	14,760	53,146	25,476	27,431
Federal Reserve notes outstanding, net	191,944	152,081	90,946	75,778	36,699	31,298	20,143	12,339	33,786	26,539	105,483	67,711	165,853	136,650
Securities sold under agreements to repurchase ⁹	28,183	20,986	20,838	17,071	6,288	5,083	3,124	2,998	6,716	5,977	15,535	12,268	54,079	31,219
Deposits
Depository institutions	39,629	45,828	69,727	68,547	7,610	8,325	7,978	7,723	22,332	20,315	39,292	43,500	316,649	284,115
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
Foreign, official accounts	2	2	1	1	0	0	0	0	0	0	1	1	6	6
Other ¹⁰	6	10	12	13	0	0	0	0	1	1	1	3	2	3
Total deposits	39,637	45,840	69,740	68,561	7,610	8,325	7,978	7,723	22,333	20,316	39,294	43,504	316,657	284,124
Other liabilities
Acrued remittances to Treasury ¹¹	0	231	0	186	0	62	0	44	0	66	0	137	0	292
Deferred credit items	556	1,009	0	0	0	0	82	118	0	0	0	0	0	0
Consolidated variable interest entities ¹²	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 ¹³	268	280	237	249	117	124	123	105	103	106	167	178	264	278
Total liabilities	260,588	220,427	181,761	161,845	50,714	44,892	31,450	23,327	62,938	53,004	160,479	123,798	536,853	452,563
Capital accounts
Capital paid-in	1,626	1,582	767	759	266	231	120	116	301	290	412	460	4,196	3,981
Surplus (including accumulated other comprehensive loss)	1,626	1,582	767	759	266	231	120	116	301	290	412	460	4,196	3,981
Total liabilities and capital accounts	263,840	223,591	183,295	163,363	51,246	45,354	31,690	23,559	63,540	53,584	161,303	124,718	545,245	460,525