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Release Date: October 15, 2015
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FEDERAL RESERVE statistical release
H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks October 15, 2015
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 Oct 14, 2015
Federal Reserve Banks Oct 14, 2015 Oct 7, 2015 Oct 15, 2014
Reserve Bank credit 4,451,389 + 4,642 + 29,916 4,465,712
Securities held outright (1) 4,240,405 + 2,151 + 43,729 4,253,455
U.S. Treasury securities 2,461,885 - 39 + 7,325 2,461,874
Bills (2) 0 0 0 0
Notes and bonds, nominal (2) 2,346,639 0 + 7,045 2,346,639
Notes and bonds, inflation-indexed (2) 98,534 0 + 65 98,534
Inflation compensation (3) 16,711 - 39 + 213 16,700
Federal agency debt securities (2) 35,093 0 - 4,869 35,093
Mortgage-backed securities (4) 1,743,427 + 2,190 + 41,274 1,756,488
Unamortized premiums on securities held outright (5) 193,168 - 280 - 15,800 193,504
Unamortized discounts on securities held outright (5) -16,964 + 33 + 1,771 -16,953
Repurchase agreements (6) 0 0 0 0
Loans 214 - 1 - 12 220
Primary credit 10 + 2 + 6 16
Secondary credit 0 0 0 0
Seasonal credit 203 - 4 - 5 204
Term Asset-Backed Securities Loan Facility (7) 0 0 - 14 0
Other credit extensions 0 0 0 0
Net portfolio holdings of Maiden Lane LLC (8) 1,703 0 + 32 1,705
Net portfolio holdings of TALF LLC (9) 0 0 - 24 0
Float 111 - 149 + 751 165
Central bank liquidity swaps (10) 145 + 2 + 145 145
Other Federal Reserve assets (11) 32,607 + 2,885 - 676 33,471
Foreign currency denominated assets (12) 20,203 + 101 - 2,280 20,332
Gold stock 11,041 0 0 11,041
Special drawing rights certificate account 5,200 0 0 5,200
Treasury currency outstanding (13) 47,268 + 14 + 1,068 47,268
Total factors supplying reserve funds 4,535,101 + 4,757 + 28,704 4,549,552
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 Oct 14, 2015
Federal Reserve Banks Oct 14, 2015 Oct 7, 2015 Oct 15, 2014
Currency in circulation (13) 1,392,576 + 3,829 + 96,748 1,392,936
Reverse repurchase agreements (14) 279,166 - 53,555 + 24,723 262,446
Foreign official and international accounts 171,377 + 2,494 + 72,275 172,262
Others 107,789 - 56,049 - 47,552 90,184
Treasury cash holdings 222 + 26 + 28 188
Deposits with F.R. Banks, other than reserve balances 98,642 - 11,122 + 1,146 106,254
Term deposits held by depository institutions 0 0 0 0
U.S. Treasury, General Account 66,439 - 16,942 - 13,351 57,540
Foreign official 5,321 + 65 + 78 5,298
Other (15) 26,882 + 5,755 + 14,419 43,416
Other liabilities and capital (16) 67,314 + 1,031 + 2,167 67,748
Total factors, other than reserve balances,
absorbing reserve funds 1,837,920 - 59,791 + 124,813 1,829,572
Reserve balances with Federal Reserve Banks 2,697,180 + 64,547 - 96,110 2,719,980
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 6.
9. Refer to the note on consolidation accompanying table 6.
10. 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.
11. 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.
12. Revalued daily at current foreign currency exchange rates.
13. Estimated.
14. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt
securities, and mortgage-backed securities.
15. Includes deposits held at the Reserve Banks by international and multilateral organizations,
government-sponsored enterprises, and designated financial market utilities.
16. Includes the liability for interest on Federal Reserve notes due to U.S. Treasury.
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 Oct 14, 2015
Oct 14, 2015 Oct 7, 2015 Oct 15, 2014
Securities held in custody for foreign official and
international accounts 3,314,443 - 14,099 - 3,581 3,313,367
Marketable U.S. Treasury securities (1) 2,987,803 - 14,802 + 4,886 2,986,392
Federal agency debt and mortgage-backed securities (2) 280,890 - 189 - 10,265 281,162
Other securities (3) 45,751 + 893 + 1,798 45,813
Securities lent to dealers 12,937 - 1,899 + 341 15,193
Overnight facility (4) 12,937 - 1,899 + 341 15,193
U.S. Treasury securities 12,890 - 1,898 + 1,087 15,144
Federal agency debt securities 47 - 1 - 746 49
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, 5, and 6.
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, October 14, 2015
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 71 149 0 0 0 ... 220
U.S. Treasury securities (1)
Holdings 0 327 173,785 1,135,721 514,049 637,992 2,461,874
Weekly changes 0 0 - 1 - 5 - 5 - 25 - 37
Federal agency debt securities (2)
Holdings 947 1,202 12,452 18,145 0 2,347 35,093
Weekly changes 0 0 0 0 0 0 0
Mortgage-backed securities (3)
Holdings 0 0 0 278 9,453 1,746,757 1,756,488
Weekly changes 0 0 0 0 0 + 15,239 + 15,239
Repurchase agreements (4) 0 0 ... ... ... ... 0
Central bank liquidity swaps (5) 145 0 0 0 0 0 145
Reverse repurchase agreements (4) 262,446 0 ... ... ... ... 262,446
Term deposits 0 0 0 ... ... ... 0
Note: Components may not sum to totals because of rounding.
...Not applicable.
1. 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.
2. Face value.
3. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the
remaining principal balance of the securities.
4. Cash value of agreements.
5. 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
Oct 14, 2015
Mortgage-backed securities held outright (1) 1,756,488
Commitments to buy mortgage-backed securities (2) 23,470
Commitments to sell mortgage-backed securities (2) 100
Cash and cash equivalents (3) 0
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 5
and table 6.
4. Information on Principal Accounts of Maiden Lane LLC
Millions of dollars
Account name Wednesday
Oct 14, 2015
Net portfolio holdings of Maiden Lane LLC (1) 1,705
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 June 30, 2015. 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 6.
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 5 and table 6.
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. The remaining outstanding balances of the senior
loan from FRBNY to Maiden Lane LLC, and the subordinated loan from JPMorgan Chase & Co. to Maiden Lane LLC were
repaid in full, with interest.
5. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of dollars
Assets, liabilities, and capital Eliminations Wednesday Change since
from Oct 14, 2015 Wednesday Wednesday
consolidation Oct 7, 2015 Oct 15, 2014
Assets
Gold certificate account 11,037 0 0
Special drawing rights certificate account 5,200 0 0
Coin 1,899 - 10 0
Securities, unamortized premiums and discounts,
repurchase agreements, and loans 4,430,226 + 15,395 + 30,809
Securities held outright (1) 4,253,455 + 15,202 + 44,932
U.S. Treasury securities 2,461,874 - 37 + 6,529
Bills (2) 0 0 0
Notes and bonds, nominal (2) 2,346,639 0 + 6,247
Notes and bonds, inflation-indexed (2) 98,534 0 + 65
Inflation compensation (3) 16,700 - 37 + 216
Federal agency debt securities (2) 35,093 0 - 4,607
Mortgage-backed securities (4) 1,756,488 + 15,239 + 43,010
Unamortized premiums on securities held outright
(5) 193,504 + 166 - 15,875
Unamortized discounts on securities held outright
(5) -16,953 + 33 + 1,766
Repurchase agreements (6) 0 0 0
Loans 220 - 6 - 14
Net portfolio holdings of Maiden Lane LLC (7) 1,705 + 2 + 31
Net portfolio holdings of TALF LLC (8) 0 0 - 24
Items in process of collection (0) 689 + 129 + 587
Bank premises 2,234 + 1 - 25
Central bank liquidity swaps (9) 145 + 2 + 145
Foreign currency denominated assets (10) 20,332 + 251 - 2,392
Other assets (11) 31,238 + 2,749 + 1,214
Total assets (0) 4,504,704 + 18,519 + 30,344
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.
5. Consolidated Statement of Condition of All Federal Reserve Banks (continued)
Millions of dollars
Assets, liabilities, and capital Eliminations Wednesday Change since
from Oct 14, 2015 Wednesday Wednesday
consolidation Oct 7, 2015 Oct 15, 2014
Liabilities
Federal Reserve notes, net of F.R. Bank holdings 1,347,750 + 1,911 + 95,534
Reverse repurchase agreements (12) 262,446 - 20,238 + 41,297
Deposits (0) 2,826,235 + 34,597 - 109,313
Term deposits held by depository institutions 0 0 0
Other deposits held by depository institutions 2,719,981 + 41,187 - 100,755
U.S. Treasury, General Account 57,540 - 29,599 - 43,873
Foreign official 5,298 + 42 + 56
Other (13) (0) 43,416 + 22,967 + 35,260
Deferred availability cash items (0) 524 + 136 - 533
Other liabilities and accrued dividends (14) 9,166 + 2,099 + 1,201
Total liabilities (0) 4,446,121 + 18,504 + 28,187
Capital accounts
Capital paid in 29,291 + 7 + 1,078
Surplus 29,291 + 7 + 1,078
Other capital accounts 0 0 0
Total capital 58,583 + 15 + 2,158
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 6.
8. Refer to the note on consolidation accompanying table 6.
9. 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.
10. Revalued daily at current foreign currency exchange rates.
11. Includes accrued interest, which represents the daily accumulation of interest earned, and other
accounts receivable.
12. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt
securities, and mortgage-backed securities.
13. Includes deposits held at the Reserve Banks by international and multilateral organizations,
government-sponsored enterprises, and designated financial market utilities.
14. Includes the liability for interest on Federal Reserve notes due to U.S. Treasury.
6. Statement of Condition of Each Federal Reserve Bank, October 14, 2015
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 11,037 347 3,709 340 505 783 1,600 734 299 171 288 891 1,370
Special drawing rights certificate acct. 5,200 196 1,818 210 237 412 654 424 150 90 153 282 574
Coin 1,899 49 69 132 132 306 195 272 28 43 153 194 326
Securities, unamortized premiums and
discounts, repurchase agreements,
and loans 4,430,226 112,298 2,659,392 110,182 106,508 240,610 249,498 164,609 46,226 27,062 57,557 142,711 513,573
Securities held outright (1) 4,253,455 107,823 2,553,400 105,790 102,263 231,020 239,521 158,035 44,357 25,868 55,255 137,018 493,105
U.S. Treasury securities 2,461,874 62,407 1,477,892 61,231 59,189 133,713 138,633 91,470 25,674 14,972 31,981 79,305 285,406
Bills (2) 0 0 0 0 0 0 0 0 0 0 0 0 0
Notes and bonds (3) 2,461,874 62,407 1,477,892 61,231 59,189 133,713 138,633 91,470 25,674 14,972 31,981 79,305 285,406
Federal agency debt securities (2) 35,093 890 21,067 873 844 1,906 1,976 1,304 366 213 456 1,130 4,068
Mortgage-backed securities (4) 1,756,488 44,526 1,054,441 43,687 42,230 95,401 98,911 65,261 18,318 10,682 22,818 56,582 203,631
Unamortized premiums on securities held
outright (5) 193,504 4,905 116,163 4,813 4,652 10,510 10,897 7,190 2,018 1,177 2,514 6,233 22,433
Unamortized discounts on securities
held outright (5) -16,953 -430 -10,177 -422 -408 -921 -955 -630 -177 -103 -220 -546 -1,965
Repurchase agreements (6) 0 0 0 0 0 0 0 0 0 0 0 0 0
Loans 220 0 7 0 0 0 35 15 28 121 9 6 0
Net portfolio holdings of Maiden
Lane LLC (7) 1,705 0 1,705 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of TALF LLC (8) 0 0 0 0 0 0 0 0 0 0 0 0 0
Items in process of collection 689 0 0 0 0 0 688 0 0 1 0 0 0
Bank premises 2,234 126 439 73 106 214 208 204 118 93 238 220 196
Central bank liquidity swaps (9) 145 7 47 8 11 33 8 4 1 1 2 2 21
Foreign currency denominated
assets (10) 20,332 922 6,555 1,136 1,585 4,665 1,157 546 189 85 214 293 2,985
Other assets (11) 31,238 831 18,259 784 761 1,882 1,780 1,178 399 218 449 1,067 3,629
Interdistrict settlement account 0 - 16,172 - 120,891 + 2,105 + 32,845 + 43,439 - 6,181 + 23,268 + 11,089 + 4,680 + 2,761 + 6,680 + 16,376
Total assets 4,504,704 98,604 2,571,103 114,970 142,690 292,343 249,607 191,239 58,499 32,444 61,814 152,341 539,049
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.
6. Statement of Condition of Each Federal Reserve Bank, October 14, 2015 (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 1,531,133 49,000 500,711 50,065 83,653 105,910 215,181 104,911 52,410 27,068 41,342 116,474 184,407
Less: Notes held by F.R. Banks 183,383 6,104 59,651 6,684 9,808 12,536 23,151 11,374 4,866 3,134 4,712 14,431 26,932
Federal Reserve notes, net 1,347,750 42,896 441,060 43,381 73,845 93,374 192,030 93,537 47,544 23,935 36,630 102,043 157,475
Reverse repurchase agreements (12) 262,446 6,653 157,549 6,527 6,310 14,254 14,779 9,751 2,737 1,596 3,409 8,454 30,425
Deposits 2,826,235 46,184 1,948,351 61,531 57,729 170,792 38,562 85,972 7,480 6,358 20,983 40,670 341,623
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 2,719,981 46,178 1,850,635 61,529 57,726 170,488 38,552 77,810 7,443 6,358 20,981 40,666 341,614
U.S. Treasury, General Account 57,540 0 57,540 0 0 0 0 0 0 0 0 0 0
Foreign official 5,298 2 5,271 2 3 9 2 1 0 0 0 1 6
Other (13) 43,416 4 34,905 0 0 295 7 8,162 37 0 1 3 2
Deferred availability cash items 524 0 0 0 0 0 381 0 0 143 0 0 0
Interest on Federal Reserve notes due
to U.S. Treasury (14) 2,119 53 1,285 52 49 111 121 84 20 11 29 67 235
Other liabilities and accrued
dividends 7,047 214 3,644 245 265 656 428 318 149 151 151 241 584
Total liabilities 4,446,121 96,000 2,551,890 111,737 138,199 279,188 246,302 189,663 57,930 32,193 61,203 151,475 530,342
Capital
Capital paid in 29,291 1,302 9,606 1,617 2,246 6,578 1,652 788 285 126 306 433 4,353
Surplus 29,291 1,302 9,606 1,617 2,246 6,578 1,652 788 285 126 306 433 4,353
Other capital 0 0 0 0 0 0 0 0 0 0 0 0 0
Total liabilities and capital 4,504,704 98,604 2,571,103 114,970 142,690 292,343 249,607 191,239 58,499 32,444 61,814 152,341 539,049
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.
6. Statement of Condition of Each Federal Reserve Bank, October 14, 2015 (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 the note on consolidation below.
9. 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.
10. Revalued daily at current foreign currency exchange rates.
11. Includes accrued interest, which represents the daily accumulation of interest earned, and other accounts receivable.
12. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.
13. Includes deposits held at the Reserve Banks by international and multilateral organizations, government-sponsored enterprises, and designated financial market utilities.
14. 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.
Note on consolidation:
The Federal Reserve Bank of New York (FRBNY) 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 (ML), which was formed to acquire certain assets of Bear Stearns. On June 14, 2012, the remaining outstanding balance of the senior loan from FRBNY to ML was
repaid in full, with interest. On November 15, 2012, the remaining outstanding balance of the subordinated loan from JPMorgan Chase & Co. to ML was repaid in full, with interest. On November 25,
2008, the Federal Reserve Board authorized FRBNY to extend credit to TALF LLC, which was formed to purchase and manage any asset-backed securities received by FRBNY in connection with the
decision of a borrower not to repay a loan extended under the Term Asset-Backed Securities Loan Facility. On January 15, 2013 FRBNY's commitment to extend credit to TALF LLC was eliminated.
FRBNY was the primary beneficiary of ML because it received a majority of the residual returns and could have absorbed a majority of any residual losses should they have occurred. FRBNY was
the primary beneficiary of TALF LLC, because of the two beneficiaries of TALF LLC, FRBNY and the U.S. Treasury, FRBNY was primarily responsible for directing the financial activities of TALF
LLC. Consistent with generally accepted accounting principles, the assets and liabilities of these LLCs were consolidated with the assets and liabilities of FRBNY in the preparation of the
statements of condition shown on this release. As a consequence of the consolidation, the extensions of credit from FRBNY to the LLCs were eliminated, the net assets of the LLCs appeared as assets
on the previous page (and in table 1 and table 5), and the liabilities of the LLCs to entities other than FRBNY, including those with recourse only to the portfolio holdings of the LLCs, were
included in other liabilities in this table (and table 1 and table 5).
7. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts
Millions of dollars
Federal Reserve notes and collateral Wednesday
Oct 14, 2015
Federal Reserve notes outstanding 1,531,133
Less: Notes held by F.R. Banks not subject to collateralization 183,383
Federal Reserve notes to be collateralized 1,347,750
Collateral held against Federal Reserve notes 1,347,750
Gold certificate account 11,037
Special drawing rights certificate account 5,200
U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 1,331,513
Other assets pledged 0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 4,253,455
Less: Face value of securities under reverse repurchase agreements 241,351
U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 4,012,103
Note: Components may not sum to totals because of rounding.
1. Includes face value of U.S. Treasury, agency debt, and mortgage-backed securities held outright,
compensation to adjust for the effect of inflation on the original face value of inflation-indexed
securities, and cash value of repurchase agreements.
2. Includes securities lent to dealers under the overnight securities lending facility; refer to table
1A.
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