Federal Reserve Statistical Release, H.4.1, Factors Affecting Reserve Balances; title with eagle logo links to Statistical Release home page
Release Date: January 16, 2014
Release dates | Data Download Program (DDP) | About | Announcements | Technical Q&As
Current release  Other formats: Screen reader | ASCII | PDF (21 KB)
Try data download now image link
FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and     
Condition Statement of Federal Reserve Banks                                                 January 16, 2014


1. Factors Affecting Reserve Balances of Depository Institutions
Millions of dollars
Reserve Bank credit, related items, and                          Averages of daily figures         Wednesday  
reserve balances of depository institutions at             Week ended    Change from week ended  Jan 15, 2014 
Federal Reserve Banks                                     Jan 15, 2014  Jan 8, 2014 Jan 16, 2013              

Reserve Bank credit                                         4,007,383   +   24,698   +1,104,177    4,028,945  
  Securities held outright (1)                              3,778,907   +   22,430   +1,082,325    3,801,068  
    U.S. Treasury securities                                2,216,879   +    7,342   +  533,437    2,220,953  
      Bills (2)                                                     0            0            0            0  
      Notes and bonds, nominal (2)                          2,111,701   +    7,031   +  513,755    2,114,894  
      Notes and bonds, inflation-indexed (2)                   91,732   +      353   +   16,992       92,615  
      Inflation compensation (3)                               13,446   -       42   +    2,689       13,444  
    Federal agency debt securities (2)                         55,550   -    1,224   -   20,469       54,911  
    Mortgage-backed securities (4)                          1,506,478   +   16,312   +  569,357    1,525,204  
  Unamortized premiums on securities held outright (5)        208,670   +      327   +   36,490      209,068  
  Unamortized discounts on securities held outright (5)       -12,834   -      431   -   11,223      -13,059  
  Repurchase agreements (6)                                         0            0            0            0  
  Loans                                                           117   -       13   -      450          115  
    Primary credit                                                  3   -        9   -        6            1  
    Secondary credit                                                0            0            0            0  
    Seasonal credit                                                16   -        5   +       13           17  
    Term Asset-Backed Securities Loan Facility (7)                 97            0   -      459           97  
    Other credit extensions                                         0            0            0            0  
  Net portfolio holdings of Maiden Lane LLC (8)                 1,541            0   +      127        1,543  
  Net portfolio holdings of Maiden Lane II LLC (9)                 63            0   +        2           63  
  Net portfolio holdings of Maiden Lane III LLC (10)               22            0            0           22  
  Net portfolio holdings of TALF LLC (11)                         107   -        1   -      749          107  
  Float                                                          -554   +      100   +      121         -554  
  Central bank liquidity swaps (12)                               259   -        2   -    7,811          259  
  Other Federal Reserve assets (13)                            31,084   +    2,288   +    5,345       30,313  
Foreign currency denominated assets (14)                       23,775   +       65   -    1,084       23,700  
Gold stock                                                     11,041            0            0       11,041  
Special drawing rights certificate account                      5,200            0            0        5,200  
Treasury currency outstanding (15)                             45,558   +       14   +      759       45,558  
                                                                                                              
Total factors supplying reserve funds                       4,092,957   +   24,777   +1,103,852    4,114,444  

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.





1. Factors Affecting Reserve Balances of Depository Institutions (continued)
Millions of dollars
Reserve Bank credit, related items, and                          Averages of daily figures         Wednesday  
reserve balances of depository institutions at             Week ended    Change from week ended  Jan 15, 2014 
Federal Reserve Banks                                     Jan 15, 2014  Jan 8, 2014 Jan 16, 2013              

Currency in circulation (15)                                 1,229,191   -    8,234   +   72,911    1,226,860 
Reverse repurchase agreements (16)                             160,946   -   13,051   +   67,917      156,266 
  Foreign official and international accounts                  109,335   -    2,542   +   16,306      109,514 
  Others                                                        51,611   -   10,509   +   51,611       46,752 
Treasury cash holdings                                             241   +        4   +       73          254 
Deposits with F.R. Banks, other than reserve balances          109,988   -   31,653   +   21,719      108,498 
  Term deposits held by depository institutions                      0            0            0            0 
  U.S. Treasury, General Account                                80,022   -   39,236   +   26,002       87,926 
  Foreign official                                               8,047   -       16   +    1,277        8,047 
  Other                                                         21,919   +    7,599   -    5,560       12,525 
Other liabilities and capital (17)                              64,709   +    2,868   -    1,702       62,488 
                                                                                                              
Total factors, other than reserve balances,               
    absorbing reserve funds                                  1,565,074   -   50,067   +  160,917    1,554,366 
                                                                                                              
Reserve balances with Federal Reserve Banks                  2,527,883   +   74,844   +  942,935    2,560,078 

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


1.  Includes securities lent to dealers under the overnight securities lending facility; refer to table     
    1A.                                                                                                 
2.  Face value of the securities.                                                                           
3.  Compensation that adjusts for the effect of inflation on the original face value of                     
    inflation-indexed securities.                                                                       
4.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the              
    remaining principal balance of the securities.                                                      
5.  Reflects the premium or discount, which is the difference between the purchase price and the face       
    value of the securities that has not been amortized. For U.S. Treasury and Federal agency debt      
    securities, amortization is on a straight-line basis. For mortgage-backed securities, amortization is on an
    effective-interest basis.                                                                           
6.  Cash value of agreements.                                                                               
7.  Includes credit extended by the Federal Reserve Bank of New York to eligible borrowers through the      
    Term Asset-Backed Securities Loan Facility.                                                         
8.  Refer to table 4 and the note on consolidation accompanying table 9.                                    
9.  Refer to table 5 and the note on consolidation accompanying table 9.                                    
10. Refer to table 6 and the note on consolidation accompanying table 9.                                    
11. Refer to table 7 and the note on consolidation accompanying table 9.                                    
12. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used     
    when the foreign currency is returned to the foreign central bank. This exchange rate equals the    
    market exchange rate used when the foreign currency was acquired from the foreign central bank.     
13. Includes accrued interest, which represents the daily accumulation of interest earned, and other        
    accounts receivable. Also, includes Reserve Bank premises and equipment net of allowances for       
    depreciation.                                                                                       
14. Revalued daily at current foreign currency exchange rates.                                              
15. Estimated.                                                                                              
16. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt     
    securities, and mortgage-backed securities.                                                         
17. Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC      
    to entities other than the Federal Reserve Bank of New York, including liabilities that have recourse
    only to the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note on      
    consolidation accompanying table 9. Also includes the liability for interest on Federal Reserve notes due
    to U.S. Treasury. Refer to table 8 and table 9.                                                     


Sources: Federal Reserve Banks and the U.S. Department of the Treasury.





1A. Memorandum Items
Millions of dollars
Memorandum item                                                  Averages of daily figures         Wednesday  
                                                           Week ended    Change from week ended  Jan 15, 2014 
                                                          Jan 15, 2014  Jan 8, 2014 Jan 16, 2013              

Securities held in custody for foreign official and       
     international accounts                                  3,348,754   -    3,791   +   90,158    3,350,101 
  Marketable U.S. Treasury securities (1)                    2,995,827   -    1,375   +   81,533    3,000,297 
  Federal agency debt and mortgage-backed securities (2)       309,443   -    2,466   +      937      306,297 
  Other securities (3)                                          43,484   +       50   +    7,688       43,507 
Securities lent to dealers                                      12,954   +      136   +    5,341       12,764 
  Overnight facility (4)                                        12,954   +      136   +    5,341       12,764 
    U.S. Treasury securities                                    11,859   +      139   +    4,843       11,882 
    Federal agency debt securities                               1,096   -        2   +      499          882 

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


1.  Includes securities and U.S. Treasury STRIPS at face value, and inflation compensation on TIPS.         
    Does not include securities pledged as collateral to foreign official and international account holders
    against reverse repurchase agreements with the Federal Reserve presented in tables 1, 8, and 9.     
2.  Face value of federal agency securities and current face value of mortgage-backed securities, which     
    is the remaining principal balance of the securities.                                               
3.  Includes non-marketable U.S. Treasury securities, supranationals, corporate bonds, asset-backed         
    securities, and commercial paper at face value.                                                     
4.  Face value. Fully collateralized by U.S. Treasury securities.                                           






2. Maturity Distribution of Securities, Loans, and Selected Other Assets and Liabilities, January 15, 2014    

Millions of dollars
Remaining Maturity                     Within 15     16 days to    91 days to   Over 1 year   Over 5 year     Over 10         All      
                                          days        90 days        1 year      to 5 years   to 10 years      years                   

Loans (1)                                        1            17            64            33             0           ...           115 
U.S. Treasury securities (2)                                                                                                           
  Holdings                                       0           299           176       765,246       868,862       586,370     2,220,953 
  Weekly changes                                 0    +        1             0    +    1,924    +    1,358    +    4,746    +    8,029 
Federal agency debt securities (3)                                                                                                     
  Holdings                                       0         8,317         9,006        35,179            62         2,347        54,911 
  Weekly changes                        -      746    +      749    +      340    -    1,089             0             0    -      746 
Mortgage-backed securities (4)                                                                                                         
  Holdings                                       0             0             0             5         2,712     1,522,487     1,525,204 
  Weekly changes                                 0             0             0             0    -       14    +   35,051    +   35,037 
Asset-backed securities held by      
  TALF LLC (5)                                   0             0             0             0             0             0             0 
Repurchase agreements (6)                        0             0           ...           ...           ...           ...             0 
Central bank liquidity swaps (7)               131           128             0             0             0             0           259 
                                                                                                                                       
Reverse repurchase agreements (6)          156,266             0           ...           ...           ...           ...       156,266 
Term deposits                                    0             0             0           ...           ...           ...             0 

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


1.  Excludes the loans from the Federal Reserve Bank of New York (FRBNY) to Maiden Lane LLC, Maiden         
    Lane II LLC, Maiden Lane III LLC, and TALF LLC. The loans were eliminated when preparing the FRBNY's
    statement of condition consistent with consolidation under generally accepted accounting principles.
2.  Face value. For inflation-indexed securities, includes the original face value and compensation         
    that adjusts for the effect of inflation on the original face value of such securities.             
3.  Face value.                                                                                             
4.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the              
    remaining principal balance of the securities.                                                      
5.  Face value of asset-backed securities held by TALF LLC, which is the remaining principal balance of     
    the underlying assets.                                                                              
6.  Cash value of agreements.                                                                               
7.  Dollar value of foreign currency held under these agreements valued at the exchange rate to be used     
    when the foreign currency is returned to the foreign central bank. This exchange rate equals the    
    market exchange rate used when the foreign currency was acquired from the foreign central bank.     






3. Supplemental Information on Mortgage-Backed Securities
Millions of dollars
Account name                                                                                                            Wednesday   
                                                                                                                      Jan 15, 2014  

Mortgage-backed securities held outright (1)                                                                             1,525,204  
                                                                                                                                    
Commitments to buy mortgage-backed securities (2)                                                                           45,547  
Commitments to sell mortgage-backed securities (2)                                                                              29  
                                                                                                                                    
Cash and cash equivalents (3)                                                                                                   29  



1.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the              
    remaining principal balance of the securities.                                                      
2.  Current face value. Generally settle within 180 days and include commitments associated with            
    outright transactions, dollar rolls, and coupon swaps.                                              
3.  This amount is included in other Federal Reserve assets in table 1 and in other assets in table 8       
    and table 9.                                                                                        




4. Information on Principal Accounts of Maiden Lane LLC
Millions of dollars
Account name                                                                                                            Wednesday   
                                                                                                                      Jan 15, 2014  

Net portfolio holdings of Maiden Lane LLC (1)                                                                                1,543  
                                                                                                                                    
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                        0  
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                             0  
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3)                                    0  



1.  Fair value. Fair value reflects an estimate of the price that would be received upon selling an         
    asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued
    quarterly. This table reflects valuations as of September 30, 2013. Any assets purchased after this 
    valuation date are initially recorded at cost until their estimated fair value as of the purchase date
    becomes available.                                                                                  
2.  Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's            
    statement of condition consistent with consolidation under generally accepted accounting principles. Refer
    to the note on consolidation accompanying table 9.                                                  
3.  Book value. The fair value of these obligations is included in other liabilities and capital in         
    table 1 and in other liabilities and accrued dividends in table 8 and table 9.                      


Note: On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended credit to Maiden Lane LLC
under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to
acquire certain assets of Bear Stearns and to manage those assets through time to maximize repayment of the credit
extended and to minimize disruption to financial markets. Payments by Maiden Lane LLC from the proceeds of
the net portfolio holdings will be made in the following order: operating expenses of the LLC, principal due to
the FRBNY, interest due to the FRBNY, principal due to JPMorgan Chase & Co., and interest due to JPMorgan
Chase & Co. Any remaining funds will be paid to the FRBNY.

                                              

5. Information on Principal Accounts of Maiden Lane II LLC
Millions of dollars
Account name                                                                                                            Wednesday   
                                                                                                                      Jan 15, 2014  

Net portfolio holdings of Maiden Lane II LLC (1)                                                                                63  
                                                                                                                                    
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                        0  
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                             0  
Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc. (3)                          0  



1.  Fair value. Fair value reflects an estimate of the price that would be received upon selling an         
    asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued
    quarterly. This table reflects valuations as of September 30, 2013. Any assets purchased after this 
    valuation date are initially recorded at cost until their estimated fair value as of the purchase date
    becomes available.                                                                                  
2.  Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's            
    statement of condition consistent with consolidation under generally accepted accounting principles. Refer
    to the note on consolidation accompanying table 9.                                                  
3.  Book value. The deferred payment represents the portion of the proceeds of the net portfolio            
    holdings due to subsidiaries of American International Group, Inc. in accordance with the asset purchase
    agreement. The fair value of this payment and accrued interest payable are included in other        
    liabilities and capital in table 1 and in other liabilities and accrued dividends in table 8 and table 9.


Note: On December 12, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden
Lane II LLC under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was
formed to purchase residential mortgage-backed securities from the U.S. securities lending reinvestment
portfolio of subsidiaries of American International Group, Inc. (AIG subsidiaries). Payments by Maiden Lane II LLC
from the proceeds of the net portfolio holdings will be made in the following order: operating expenses of
Maiden Lane II LLC, principal due to the FRBNY, interest due to the FRBNY, and deferred payment and interest due
to AIG subsidiaries. Any remaining funds will be shared by the FRBNY and AIG subsidiaries.                  





6. Information on Principal Accounts of Maiden Lane III LLC
Millions of dollars
Account name                                                                                                            Wednesday   
                                                                                                                      Jan 15, 2014  

Net portfolio holdings of Maiden Lane III LLC (1)                                                                               22  
                                                                                                                                    
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                        0  
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                             0  
Outstanding principal amount and accrued interest on loan payable to American International Group, Inc. (3)                      0  



1.  Fair value. Fair value reflects an estimate of the price that would be received upon selling an         
    asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued
    quarterly. This table reflects valuations as of September 30, 2013. Any assets purchased after this 
    valuation date are initially recorded at cost until their estimated fair value as of the purchase date
    becomes available.                                                                                  
2.  Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's            
    statement of condition consistent with consolidation under generally accepted accounting principles. Refer
    to the note on consolidation accompanying table 9.                                                  
3.  Book value. The fair value of these obligations is included in other liabilities and capital in         
    table 1 and in other liabilities and accrued dividends in table 8 and table 9.                      


Note: On November 25, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden
Lane III LLC under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was
formed to purchase multi-sector collateralized debt obligations (CDOs) on which the Financial Products group
of American International Group, Inc. (AIG) has written credit default swap (CDS) contracts. In connection
with the purchase of CDOs, the CDS counterparties will concurrently unwind the related CDS transactions. Payments
by Maiden Lane III LLC from the proceeds of the net portfolio holdings will be made in the following order:
operating expenses of Maiden Lane III LLC, principal due to the FRBNY, interest due to the FRBNY, principal due
to AIG, and interest due to AIG. Any remaining funds will be shared by the FRBNY and AIG.

               

7. Information on Principal Accounts of TALF LLC
Millions of dollars
Account name                                                                                                            Wednesday   
                                                                                                                      Jan 15, 2014  

Asset-backed securities holdings (1)                                                                                             0  
Other investments, net                                                                                                         107  
Net portfolio holdings of TALF LLC                                                                                             107  
                                                                                                                                    
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                                        0  
Accrued interest payable to the Federal Reserve Bank of New York (2)                                                             0  
Funding provided by U.S. Treasury to TALF LLC, including accrued interest payable (3)                                            0  



1.  Fair value. Fair value reflects an estimate of the price that would be received upon selling an         
    asset if the transaction were to be conducted in an orderly market on the measurement date.         
2.  Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's            
    statement of condition consistent with consolidation under generally accepted accounting principles. Refer
    to the note on consolidation accompanying table 9.                                                  
3.  Book value. The fair value of these obligations is included in other liabilities and capital in         
    table 1 and in other liabilities and accrued dividends in table 8 and table 9.                      


Note: On November 25, 2008, the Federal Reserve announced the creation of the Term Asset-Backed Securities
Loan Facility (TALF) under the authority of section 13(3) of the Federal Reserve Act. The TALF is a facility
under which the Federal Reserve Bank of New York (FRBNY) extended loans with a term of up to five years to
holders of eligible asset-backed securities. The Federal Reserve closed the TALF for new loan extensions in 2010.
The loans provided through the TALF to eligible borrowers are non-recourse, meaning that the obligation of the
borrower can be discharged by surrendering the collateral to the FRBNY.                                     

TALF LLC is a limited liability company formed to purchase and manage any asset-backed securities received
by the FRBNY in connection with the decision of a borrower not to repay a TALF loan. TALF LLC has committed,
for a fee, to purchase all asset-backed securities received by the FRBNY in conjunction with a TALF loan at a
price equal to the TALF loan plus accrued but unpaid interest. Prior to January 15, 2013, the U.S. Treasury's
Troubled Asset Relief Program (TARP) committed backup funding to TALF LLC, providing credit protection to the
FRBNY. However, the accumulated fees and income collected through the TALF and held by TALF LLC now exceed the
remaining amount of TALF loans outstanding. Accordingly, the TARP credit protection commitment has been
terminated, and TALF LLC has begun to distribute excess proceeds to the Treasury and the FRBNY. Any remaining funds
will be shared by the FRBNY and the U.S. Treasury.                                                          




8. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of dollars
Assets, liabilities, and capital                         Eliminations     Wednesday         Change since       
                                                             from       Jan 15, 2014   Wednesday    Wednesday  
                                                        consolidation                 Jan 8, 2014 Jan 16, 2013 

Assets                                                                                                         
  Gold certificate account                                                   11,037            0            0  
  Special drawing rights certificate account                                  5,200            0            0  
  Coin                                                                        1,987   +       18   -      165  
  Securities, unamortized premiums and discounts,     
     repurchase agreements, and loans                                     3,997,192   +   42,716   +1,112,933  
    Securities held outright (1)                                          3,801,068   +   42,320   +1,089,463  
      U.S. Treasury securities                                            2,220,953   +    8,029   +  532,067  
        Bills (2)                                                                 0            0            0  
        Notes and bonds, nominal (2)                                      2,114,894   +    6,819   +  511,471  
        Notes and bonds, inflation-indexed (2)                               92,615   +    1,236   +   17,875  
        Inflation compensation (3)                                           13,444   -       26   +    2,721  
      Federal agency debt securities (2)                                     54,911   -      746   -   20,200  
      Mortgage-backed securities (4)                                      1,525,204   +   35,037   +  577,596  
    Unamortized premiums on securities held outright  
    (5)                                                                     209,068   +      819   +   35,387  
    Unamortized discounts on securities held outright 
    (5)                                                                     -13,059   -      417   -   11,459  
    Repurchase agreements (6)                                                     0            0            0  
    Loans                                                                       115   -        6   -      458  
  Net portfolio holdings of Maiden Lane LLC (7)                               1,543   +        2   +      127  
  Net portfolio holdings of Maiden Lane II LLC (8)                               63            0   +        2  
  Net portfolio holdings of Maiden Lane III LLC (9)                              22            0            0  
  Net portfolio holdings of TALF LLC (10)                                       107            0   -      749  
  Items in process of collection                                   (0)          105   -       27   -       68  
  Bank premises                                                               2,286            0   -       46  
  Central bank liquidity swaps (11)                                             259            0   -    7,811  
  Foreign currency denominated assets (12)                                   23,700   +       59   -    1,168  
  Other assets (13)                                                          28,027   +      576   +    4,662  
                                                                                                               
Total assets                                                       (0)    4,071,528   +   43,343   +1,107,716  

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.





8. Consolidated Statement of Condition of All Federal Reserve Banks (continued)
Millions of dollars
Assets, liabilities, and capital                         Eliminations     Wednesday         Change since       
                                                             from       Jan 15, 2014   Wednesday    Wednesday  
                                                        consolidation                 Jan 8, 2014 Jan 16, 2013 

Liabilities                                                                                                    
  Federal Reserve notes, net of F.R. Bank holdings                         1,183,539   -    7,221   +   70,721 
  Reverse repurchase agreements (14)                                         156,266   +    5,540   +   65,622 
  Deposits                                                          (0)    2,668,577   +   45,600   +  974,670 
    Term deposits held by depository institutions                                  0            0            0 
    Other deposits held by depository institutions                         2,560,078   +   69,946   +  955,792 
    U.S. Treasury, General Account                                            87,926   -   22,832   +   10,749 
    Foreign official                                                           8,047            0   +      898 
    Other                                                           (0)       12,525   -    1,515   +    7,230 
  Deferred availability cash items                                  (0)          659   -      106   -      149 
  Other liabilities and accrued dividends (15)                                 7,458   -      477   -    3,451 
                                                                                                               
Total liabilities                                                   (0)    4,016,498   +   43,335   +1,107,411 
                                                                                                               
Capital accounts                                                                                               
  Capital paid in                                                             27,515   +        4   +      152 
  Surplus                                                                     27,515   +        4   +      152 
  Other capital accounts                                                           0            0            0 
                                                                                                               
Total capital                                                                 55,030   +        8   +      305 

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


1.  Includes securities lent to dealers under the overnight securities lending facility; refer to table     
    1A.                                                                                                 
2.  Face value of the securities.                                                                           
3.  Compensation that adjusts for the effect of inflation on the original face value of                     
    inflation-indexed securities.                                                                       
4.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the              
    remaining principal balance of the securities.                                                      
5.  Reflects the premium or discount, which is the difference between the purchase price and the face       
    value of the securities that has not been amortized. For U.S. Treasury and Federal agency debt      
    securities, amortization is on a straight-line basis. For mortgage-backed securities, amortization is on an
    effective-interest basis.                                                                           
6.  Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.      
7.  Refer to table 4 and the note on consolidation accompanying table 9.                                    
8.  Refer to table 5 and the note on consolidation accompanying table 9.                                    
9.  Refer to table 6 and the note on consolidation accompanying table 9.                                    
10. Refer to table 7 and the note on consolidation accompanying table 9.                                    
11. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used     
    when the foreign currency is returned to the foreign central bank. This exchange rate equals the    
    market exchange rate used when the foreign currency was acquired from the foreign central bank.     
12. Revalued daily at current foreign currency exchange rates.                                              
13. Includes accrued interest, which represents the daily accumulation of interest earned, and other        
    accounts receivable.                                                                                
14. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt     
    securities, and mortgage-backed securities.                                                         
15. Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC      
    to entities other than the Federal Reserve Bank of New York, including liabilities that have recourse
    only to the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note on      
    consolidation accompanying table 9. Also includes the liability for interest on Federal Reserve notes due
    to U.S. Treasury.                                                                                   

 



9. Statement of Condition of Each Federal Reserve Bank, January 15, 2014
Millions of dollars
Assets, liabilities, and capital               Total       Boston     New York  Philadelphia  Cleveland    Richmond    Atlanta     Chicago    St. Louis  Minneapolis    Kansas      Dallas       San     
                                                                                                                                                                         City                 Francisco  

Assets                                                                                                                                                                                                   
  Gold certificate account                        11,037         391       3,925          397         512         856       1,421         792         310         190         309         728       1,206
  Special drawing rights certificate acct.         5,200         196       1,818          210         237         412         654         424         150          90         153         282         574
  Coin                                             1,987          35          83          125         131         341         240         285          20          49         154         185         338
  Securities, unamortized premiums and      
     discounts, repurchase agreements,      
     and loans                                 3,997,192     104,520   2,216,640      115,812     102,081     248,541     265,520     215,989      64,314      37,942      75,625     155,216     394,991
    Securities held outright (1)               3,801,068      99,394   2,107,848      110,133      97,075     236,354     252,500     205,396      61,160      36,069      71,912     147,605     375,621
      U.S. Treasury securities                 2,220,953      58,076   1,231,609       64,350      56,721     138,101     147,535     120,012      35,736      21,075      42,018      86,245     219,474
        Bills (2)                                      0           0           0            0           0           0           0           0           0           0           0           0           0
        Notes and bonds (3)                    2,220,953      58,076   1,231,609       64,350      56,721     138,101     147,535     120,012      35,736      21,075      42,018      86,245     219,474
      Federal agency debt securities (2)          54,911       1,436      30,450        1,591       1,402       3,414       3,648       2,967         884         521       1,039       2,132       5,426
      Mortgage-backed securities (4)           1,525,204      39,883     845,788       44,192      38,952      94,838     101,317      82,417      24,541      14,473      28,855      59,227     150,721
    Unamortized premiums on securities held 
      outright (5)                               209,068       5,467     115,937        6,058       5,339      13,000      13,888      11,297       3,364       1,984       3,955       8,119      20,660
    Unamortized discounts on securities     
      held outright (5)                          -13,059        -341      -7,242         -378        -334        -812        -868        -706        -210        -124        -247        -507      -1,291
    Repurchase agreements (6)                          0           0           0            0           0           0           0           0           0           0           0           0           0
    Loans                                            115           0          97            0           0           0           0           1           0          12           5           0           0
  Net portfolio holdings of Maiden                                                                                                                                                                       
     Lane LLC (7)                                  1,543           0       1,543            0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of Maiden                                                                                                                                                                       
     Lane II LLC (8)                                  63           0          63            0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of Maiden                                                                                                                                                                       
     Lane III LLC (9)                                 22           0          22            0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of TALF LLC (10)            107           0         107            0           0           0           0           0           0           0           0           0           0
  Items in process of collection                     105           0           0            0           0           0         104           0           0           1           0           0           0
  Bank premises                                    2,286         123         431           72         111         228         211         202         127          99         247         231         204
  Central bank liquidity swaps (11)                  259          13          83           20          20          54          15           7           2           1           3           4          37
  Foreign currency denominated assets (12)        23,700       1,165       7,578        1,833       1,848       4,976       1,350         676         198          99         240         376       3,361
  Other assets (13)                               28,027         770      15,104          820         729       1,925       1,866       1,505         514         327         554       1,157       2,757
  Interdistrict settlement account                     0  -   26,777  +  307,805   -   22,666  -   16,184  -   44,764  -   64,606  -   65,373  -   20,689  -   16,778  -   26,874  -   41,192  +   38,099
                                                                                                                                                                                                         
Total assets                                   4,071,528      80,435   2,555,203       96,623      89,485     212,570     206,775     154,507      44,945      22,020      50,410     116,987     441,568

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.





9. Statement of Condition of Each Federal Reserve Bank, January 15, 2014 (continued)
Millions of dollars
Assets, liabilities, and capital               Total       Boston     New York  Philadelphia Cleveland    Richmond    Atlanta     Chicago    St. Louis  Minneapolis    Kansas      Dallas       San     
                                                                                                                                                                        City                 Francisco  

Liabilities                                                                                                                                                                                             
  Federal Reserve notes outstanding            1,393,108      45,530     508,236      42,197      59,838     105,334     169,348      86,233      35,083      21,568      36,904     120,098     162,739
    Less: Notes held by F.R. Banks               209,570       8,444      38,187       5,723       6,116       9,663      19,530      13,948       3,932       9,032      10,537      54,176      30,280
      Federal Reserve notes, net               1,183,539      37,086     470,048      36,474      53,723      95,671     149,818      72,285      31,150      12,536      26,367      65,921     132,459
  Reverse repurchase agreements (14)             156,266       4,086      86,656       4,528       3,991       9,717      10,381       8,444       2,514       1,483       2,956       6,068      15,442
  Deposits                                     2,668,577      36,553   1,976,752      51,243      27,157      95,108      42,397      71,866      10,638       7,520      20,347      43,793     285,202
    Term deposits held by depository        
        institutions                                   0           0           0           0           0           0           0           0           0           0           0           0           0
    Other deposits held by depository       
        institutions                           2,560,078      36,536   1,868,428      51,219      27,154      95,022      42,386      71,851      10,638       7,520      20,345      43,786     285,194
    U.S. Treasury, General Account                87,926           0      87,926           0           0           0           0           0           0           0           0           0           0
    Foreign official                               8,047           2       8,020           3           3           8           2           1           0           0           0           1           6
    Other                                         12,525          16      12,378          21           0          77          10          14           0           0           1           6           3
  Deferred availability cash items                   659           0           0           0           0           0         549           0           0         110           0           0           0
  Interest on Federal Reserve notes due     
     to U.S. Treasury (15)                         1,755          46         977          50          47         119         119          99          27          15          26          67         164
  Other liabilities and accrued             
     dividends (16)                                5,703         161       3,079         192         192         483         347         294         145         123         128         218         340
                                                                                                                                                                                                        
Total liabilities                              4,016,498      77,932   2,537,513      92,487      85,110     201,098     203,612     152,988      44,475      21,786      49,823     116,068     433,607
                                                                                                                                                                                                        
Capital                                                                                                                                                                                                 
  Capital paid in                                 27,515       1,251       8,845       2,068       2,188       5,736       1,582         760         235         117         293         460       3,981
  Surplus                                         27,515       1,251       8,845       2,068       2,188       5,736       1,582         760         235         117         293         460       3,981
  Other capital                                        0           0           0           0           0           0           0           0           0           0           0           0           0
                                                                                                                                                                                                        
Total liabilities and capital                  4,071,528      80,435   2,555,203      96,623      89,485     212,570     206,775     154,507      44,945      22,020      50,410     116,987     441,568

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.





9. Statement of Condition of Each Federal Reserve Bank, January 15, 2014 (continued)


1.  Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.                                                                                                 
2.  Face value of the securities.                                                                                                                                                                           
3.  Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face value of such securities.                               
4.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the remaining principal balance of the securities.                                                               
5.  Reflects the premium or discount, which is the difference between the purchase price and the face value of the securities that has not been amortized. For U.S. Treasury and Federal agency debt        
    securities, amortization is on a straight-line basis. For mortgage-backed securities, amortization is on an effective-interest basis.                                                               
6.  Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.                                                                                                      
7.  Refer to table 4 and the note on consolidation below.                                                                                                                                                   
8.  Refer to table 5 and the note on consolidation below.                                                                                                                                                   
9.  Refer to table 6 and the note on consolidation below.                                                                                                                                                   
10. Refer to table 7 and the note on consolidation below.                                                                                                                                                   
11. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals        
    the market exchange rate used when the foreign currency was acquired from the foreign central bank.                                                                                                 
12. Revalued daily at current foreign currency exchange rates.                                                                                                                                              
13. Includes accrued interest, which represents the daily accumulation of interest earned, and other accounts receivable.                                                                                   
14. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.                                                         
15. Represents the estimated weekly remittances to U.S. Treasury as interest on Federal Reserve notes or, in those cases where the Reserve Bank's net earnings are not sufficient to equate surplus to      
    capital paid-in, the deferred asset for interest on Federal Reserve notes. The amount of any deferred asset, which is presented as a negative amount in this line, represents the amount of the     
    Federal Reserve Bank's earnings that must be retained before remittances to the U.S. Treasury resume. The amounts on this line are calculated in accordance with Board of Governors policy, which requires
    the Federal Reserve Banks to remit residual earnings to the U.S. Treasury as interest on Federal Reserve notes after providing for the costs of operations, payment of dividends, and the amount    
    necessary to equate surplus with capital paid-in.                                                                                                                                                   
16. Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to entities other than the Federal Reserve Bank of New York, including liabilities that have         
    recourse only to the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note on consolidation below.                                                                        


Note on consolidation:

The Federal Reserve Bank of New York (FRBNY) has extended loans to several limited liability companies under the authority of section 13(3) of the Federal Reserve Act. On June 26, 2008, a
loan was extended to Maiden Lane LLC, which was formed to acquire certain assets of Bear Stearns. On November 25, 2008, a loan was extended to Maiden Lane III LLC, which was formed to purchase
multi-sector collateralized debt obligations on which the Financial Products group of the American International Group, Inc. has written credit default swap contracts. On December 12, 2008, a
loan was extended to Maiden Lane II LLC, which was formed to purchase residential mortgage-backed securities from the U.S. securities lending reinvestment portfolio of subsidiaries of American
International Group, Inc. On November 25, 2008, the Federal Reserve Board authorized the FRBNY to extend credit to TALF LLC, which was formed to purchase and manage any asset-backed securities
received by the FRBNY in connection with the decision of a borrower not to repay a loan extended under the Term Asset-Backed Securities Loan Facility.                                        

The FRBNY is the primary beneficiary of TALF LLC, because of the two beneficiaries of the LLC, the FRBNY and the U.S. Treasury, the FRBNY is primarily responsible for directing the financial
activities of TALF LLC. The FRBNY is the primary beneficiary of the other LLCs cited above because it will receive a majority of any residual returns of the LLCs and absorb a majority of any
residual losses of the LLCs. Consistent with generally accepted accounting principles, the assets and liabilities of these LLCs have been consolidated with the assets and liabilities of the
FRBNY in the preparation of the statements of condition shown on this release. As a consequence of the consolidation, the extensions of credit from the FRBNY to the LLCs are eliminated, the net
assets of the LLCs appear as assets on the previous page (and in table 1 and table 8), and the liabilities of the LLCs to entities other than the FRBNY, including those with recourse only to
the portfolio holdings of the LLCs, are included in other liabilities in this table (and table 1 and table 8).

                                                                            



10. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts
Millions of dollars
Federal Reserve notes and collateral                                                        Wednesday   
                                                                                          Jan 15, 2014  

Federal Reserve notes outstanding                                                            1,393,108  
  Less: Notes held by F.R. Banks not subject to collateralization                              209,570  
    Federal Reserve notes to be collateralized                                               1,183,539  
Collateral held against Federal Reserve notes                                                1,183,539  
  Gold certificate account                                                                      11,037  
  Special drawing rights certificate account                                                     5,200  
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   1,167,302  
  Other assets pledged                                                                               0  
Memo:                                                                                                   
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                       3,801,068  
  Less: Face value of securities under reverse repurchase agreements                           101,639  
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged        3,699,429  

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


1.  Includes face value of U.S. Treasury, agency debt, and mortgage-backed securities held outright,        
    compensation to adjust for the effect of inflation on the original face value of inflation-indexed  
    securities, and cash value of repurchase agreements.                                                
2.  Includes securities lent to dealers under the overnight securities lending facility; refer to table     
    1A.                                                                                                 


Release dates | Data Download Program (DDP) | About | Announcements | Technical Q&As
Current release  Other formats: Screen reader | ASCII | PDF (21 KB)

Statistical releases