Federal Reserve Statistical Release, H.4.1, Factors Affecting Reserve Balances; title with eagle logo links to Statistical Release home page
Release Date: April 10, 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                                                   April 10, 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   Apr 9, 2014 
Federal Reserve Banks                                      Apr 9, 2014  Apr 2, 2014 Apr 10, 2013              

Reserve Bank credit                                         4,198,424   +    6,904   +1,017,842    4,201,125  
  Securities held outright (1)                              3,974,803   +    5,871   +1,019,872    3,976,536  
    U.S. Treasury securities                                2,324,352   +    5,870   +  512,788    2,326,085  
      Bills (2)                                                     0            0            0            0  
      Notes and bonds, nominal (2)                          2,215,604   +    5,641   +  494,511    2,216,485  
      Notes and bonds, inflation-indexed (2)                   94,683   +      118   +   15,405       95,389  
      Inflation compensation (3)                               14,065   +      112   +    2,873       14,211  
    Federal agency debt securities (2)                         47,343            0   -   24,974       47,343  
    Mortgage-backed securities (4)                          1,603,108            0   +  532,058    1,603,108  
  Unamortized premiums on securities held outright (5)        209,463   -      274   +   17,473      209,489  
  Unamortized discounts on securities held outright (5)       -17,288   -      266   -   15,632      -17,344  
  Repurchase agreements (6)                                         0            0            0            0  
  Loans                                                           100   -        2   -      300           99  
    Primary credit                                                  3   -        5   -        7            1  
    Secondary credit                                                0            0            0            0  
    Seasonal credit                                                15   +        4   +        7           16  
    Term Asset-Backed Securities Loan Facility (7)                 82            0   -      300           82  
    Other credit extensions                                         0            0            0            0  
  Net portfolio holdings of Maiden Lane LLC (8)                 1,584            0   +      182        1,585  
  Net portfolio holdings of Maiden Lane II LLC (9)                 63            0   -        1           63  
  Net portfolio holdings of Maiden Lane III LLC (10)               22            0            0           22  
  Net portfolio holdings of TALF LLC (11)                          94   -       11   -      298           92  
  Float                                                          -653   -       61   +      244         -622  
  Central bank liquidity swaps (12)                               407            0   -    8,344          407  
  Other Federal Reserve assets (13)                            29,830   +    1,649   +    4,648       30,797  
Foreign currency denominated assets (14)                       23,991   -       36   +      391       24,176  
Gold stock                                                     11,041            0            0       11,041  
Special drawing rights certificate account                      5,200            0            0        5,200  
Treasury currency outstanding (15)                             45,734   +       14   +      746       45,734  
                                                                                                              
Total factors supplying reserve funds                       4,284,390   +    6,882   +1,018,980    4,287,277  

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   Apr 9, 2014 
Federal Reserve Banks                                      Apr 9, 2014  Apr 2, 2014 Apr 10, 2013              

Currency in circulation (15)                                 1,270,587   +    1,892   +   91,966    1,271,346 
Reverse repurchase agreements (16)                             188,889   -   44,737   +   94,715      182,253 
  Foreign official and international accounts                   94,559   -    2,146   +    1,288       93,230 
  Others                                                        94,330   -   42,591   +   93,427       89,023 
Treasury cash holdings                                             264   -       14   +       48          230 
Deposits with F.R. Banks, other than reserve balances           77,034   -   53,549   -    5,017       72,256 
  Term deposits held by depository institutions                      0   -   14,251   -    3,045            0 
  U.S. Treasury, General Account                                62,436   -   33,727   +    3,669       54,528 
  Foreign official                                               6,977   -        7   -    2,269        6,977 
  Other (17)                                                     7,621   -    5,564   -    3,373       10,751 
Other liabilities and capital (18)                              63,275   +      321   -    3,349       63,303 
                                                                                                              
Total factors, other than reserve balances,               
    absorbing reserve funds                                  1,600,049   -   96,087   +  178,363    1,589,388 
                                                                                                              
Reserve balances with Federal Reserve Banks                  2,684,341   +  102,968   +  840,617    2,697,888 

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 deposits held at the Reserve Banks by international and multilateral organizations,            
    government-sponsored enterprises, and designated financial market utilities.                        
18. 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   Apr 9, 2014 
                                                           Apr 9, 2014  Apr 2, 2014 Apr 10, 2013              

Securities held in custody for foreign official and       
     international accounts                                  3,316,067   +   22,035   +   20,264    3,312,647 
  Marketable U.S. Treasury securities (1)                    2,974,858   +   23,647   +   18,251    2,972,205 
  Federal agency debt and mortgage-backed securities (2)       298,038   -    1,180   -    3,244      297,786 
  Other securities (3)                                          43,171   -      431   +    5,257       42,656 
Securities lent to dealers                                      12,191   -    2,097   -    6,687       10,894 
  Overnight facility (4)                                        12,191   -    2,097   -    6,687       10,894 
    U.S. Treasury securities                                    10,963   -    1,994   -    6,935        9,565 
    Federal agency debt securities                               1,228   -      102   +      249        1,329 

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, April 9, 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            16            82             0             0           ...            99 
U.S. Treasury securities (2)                                                                                                           
  Holdings                                       0            39           142       849,917       855,478       620,510     2,326,085 
  Weekly changes                                 0             0             0    +       13    +    2,299    +    3,121    +    5,432 
Federal agency debt securities (3)                                                                                                     
  Holdings                                   2,378         1,306         6,782        34,530             0         2,347        47,343 
  Weekly changes                        +    1,629    -    1,629             0             0             0             0             0 
Mortgage-backed securities (4)                                                                                                         
  Holdings                                       0             0             0             6         3,433     1,599,668     1,603,108 
  Weekly changes                                 0             0             0             0    +      532    -      533             0 
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)               231           176             0             0             0             0           407 
                                                                                                                                       
Reverse repurchase agreements (6)          182,253             0           ...           ...           ...           ...       182,253 
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   
                                                                                                                       Apr 9, 2014  

Mortgage-backed securities held outright (1)                                                                             1,603,108  
                                                                                                                                    
Commitments to buy mortgage-backed securities (2)                                                                           67,564  
Commitments to sell mortgage-backed securities (2)                                                                           2,450  
                                                                                                                                    
Cash and cash equivalents (3)                                                                                                    4  



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   
                                                                                                                       Apr 9, 2014  

Net portfolio holdings of Maiden Lane LLC (1)                                                                                1,585  
                                                                                                                                    
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 December 31, 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   
                                                                                                                       Apr 9, 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 December 31, 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   
                                                                                                                       Apr 9, 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 December 31, 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   
                                                                                                                       Apr 9, 2014  

Asset-backed securities holdings (1)                                                                                             0  
Other investments, net                                                                                                          92  
Net portfolio holdings of TALF LLC                                                                                              92  
                                                                                                                                    
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        Apr 9, 2014   Wednesday    Wednesday  
                                                        consolidation                 Apr 2, 2014 Apr 10, 2013 

Assets                                                                                                         
  Gold certificate account                                                   11,037            0            0  
  Special drawing rights certificate account                                  5,200            0            0  
  Coin                                                                        1,929   -       10   -      152  
  Securities, unamortized premiums and discounts,     
     repurchase agreements, and loans                                     4,168,780   +    5,088   +1,019,534  
    Securities held outright (1)                                          3,976,536   +    5,432   +1,018,917  
      U.S. Treasury securities                                            2,326,085   +    5,432   +  511,603  
        Bills (2)                                                                 0            0            0  
        Notes and bonds, nominal (2)                                      2,216,485   +    4,385   +  493,821  
        Notes and bonds, inflation-indexed (2)                               95,389   +      824   +   15,111  
        Inflation compensation (3)                                           14,211   +      224   +    2,670  
      Federal agency debt securities (2)                                     47,343            0   -   24,710  
      Mortgage-backed securities (4)                                      1,603,108            0   +  532,024  
    Unamortized premiums on securities held outright  
    (5)                                                                     209,489   -      159   +   16,650  
    Unamortized discounts on securities held outright 
    (5)                                                                     -17,344   -      187   -   15,693  
    Repurchase agreements (6)                                                     0            0            0  
    Loans                                                                        99   +        2   -      340  
  Net portfolio holdings of Maiden Lane LLC (7)                               1,585   +        1   +      182  
  Net portfolio holdings of Maiden Lane II LLC (8)                               63            0   -        1  
  Net portfolio holdings of Maiden Lane III LLC (9)                              22            0            0  
  Net portfolio holdings of TALF LLC (10)                                        92   -       13   -      300  
  Items in process of collection                                   (0)           98   -       27   -       10  
  Bank premises                                                               2,269            0   -       28  
  Central bank liquidity swaps (11)                                             407            0   -    8,344  
  Foreign currency denominated assets (12)                                   24,176   +      163   +      705  
  Other assets (13)                                                          28,528   +    2,543   +    4,839  
                                                                                                               
Total assets                                                       (0)    4,244,188   +    7,747   +1,016,426  

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        Apr 9, 2014   Wednesday    Wednesday  
                                                        consolidation                 Apr 2, 2014 Apr 10, 2013 

Liabilities                                                                                                    
  Federal Reserve notes, net of F.R. Bank holdings                         1,227,767   +      817   +   90,680 
  Reverse repurchase agreements (14)                                         182,253   -   14,947   +   87,973 
  Deposits                                                          (0)    2,770,145   +   20,695   +  840,701 
    Term deposits held by depository institutions                                  0   -   14,251   -    3,045 
    Other deposits held by depository institutions                         2,697,888   +   86,120   +  846,527 
    U.S. Treasury, General Account                                            54,528   -   52,671   +    2,041 
    Foreign official                                                           6,977   -        3   -    2,403 
    Other (15)                                                      (0)       10,751   +    1,499   -    2,420 
  Deferred availability cash items                                  (0)          720   -      114   -      105 
  Other liabilities and accrued dividends (16)                                 7,181   +    1,274   -    3,807 
                                                                                                               
Total liabilities                                                   (0)    4,188,066   +    7,725   +1,015,443 
                                                                                                               
Capital accounts                                                                                               
  Capital paid in                                                             28,061   +       11   +      491 
  Surplus                                                                     28,061   +       11   +      491 
  Other capital accounts                                                           0            0            0 
                                                                                                               
Total capital                                                                 56,122   +       22   +      983 

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 deposits held at the Reserve Banks by international and multilateral organizations,            
    government-sponsored enterprises, and designated financial market utilities.                        
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 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, April 9, 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         352       4,125          338         464         824       1,349         706         278         173         291         880       1,257
  Special drawing rights certificate acct.         5,200         196       1,818          210         237         412         654         424         150          90         153         282         574
  Coin                                             1,929          35          92          124         124         331         224         278          22          48         152         175         324
  Securities, unamortized premiums and      
     discounts, repurchase agreements,      
     and loans                                 4,168,780      84,325   2,558,666       99,869      91,017     232,990     230,442     170,384      51,420      25,556      54,913     127,021     442,176
    Securities held outright (1)               3,976,536      80,438   2,440,653       95,266      86,822     222,251     219,821     162,527      49,048      24,370      52,380     121,166     421,795
      U.S. Treasury securities                 2,326,085      47,053   1,427,666       55,726      50,787     130,006     128,585      95,070      28,691      14,255      30,640      70,876     246,730
        Bills (2)                                      0           0           0            0           0           0           0           0           0           0           0           0           0
        Notes and bonds (3)                    2,326,085      47,053   1,427,666       55,726      50,787     130,006     128,585      95,070      28,691      14,255      30,640      70,876     246,730
      Federal agency debt securities (2)          47,343         958      29,057        1,134       1,034       2,646       2,617       1,935         584         290         624       1,443       5,022
      Mortgage-backed securities (4)           1,603,108      32,428     983,929       38,406      35,001      89,599      88,619      65,521      19,773       9,824      21,117      48,847     170,043
    Unamortized premiums on securities held 
      outright (5)                               209,489       4,238     128,577        5,019       4,574      11,708      11,580       8,562       2,584       1,284       2,759       6,383      22,221
    Unamortized discounts on securities     
      held outright (5)                          -17,344        -351     -10,645         -416        -379        -969        -959        -709        -214        -106        -228        -528      -1,840
    Repurchase agreements (6)                          0           0           0            0           0           0           0           0           0           0           0           0           0
    Loans                                             99           0          82            0           0           0           0           4           2           9           2           0           0
  Net portfolio holdings of Maiden                                                                                                                                                                       
     Lane LLC (7)                                  1,585           0       1,585            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)             92           0          92            0           0           0           0           0           0           0           0           0           0
  Items in process of collection                      98           0           0            0           0           0          97           1           0           0           0           0           0
  Bank premises                                    2,269         122         427           72         110         226         210         200         125          99         245         230         202
  Central bank liquidity swaps (11)                  407          19         131           31          32          85          23          11           3           2           4           7          59
  Foreign currency denominated assets (12)        24,176       1,099       7,777        1,818       1,922       5,041       1,390         667         203         102         254         404       3,498
  Other assets (13)                               28,528         620      17,135          688         629       1,759       1,588       1,167         417         249         400         908       2,969
  Interdistrict settlement account                     0  +    4,784  -   28,488   +   11,931  -    1,851  +    8,309  +    5,383  -   15,990  -    5,879  -    1,477  -    2,770  +    5,527  +   20,519
                                                                                                                                                                                                         
Total assets                                   4,244,188      91,553   2,563,447      115,081      92,684     249,977     241,361     157,848      46,739      24,842      53,643     135,435     471,579

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, April 9, 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            1,438,782      44,914     521,250      43,373      60,743     103,708     197,801      89,113      36,903      21,096      37,289     118,084     164,508
    Less: Notes held by F.R. Banks               211,015       4,577      64,157       4,883       7,769      10,839      20,988      13,102       4,831       6,593       8,330      35,790      29,157
      Federal Reserve notes, net               1,227,767      40,336     457,093      38,491      52,974      92,870     176,813      76,011      32,072      14,503      28,958      82,294     135,352
  Reverse repurchase agreements (14)             182,253       3,687     111,860       4,366       3,979      10,186      10,075       7,449       2,248       1,117       2,401       5,553      19,332
  Deposits                                     2,770,145      44,785   1,972,437      67,742      31,061     134,787      50,179      72,508      11,764       8,788      21,553      46,410     308,132
    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                           2,697,888      44,782   1,900,474      67,711      31,057     134,560      50,170      72,501      11,764       8,788      21,547      46,409     308,125
    U.S. Treasury, General Account                54,528           0      54,528           0           0           0           0           0           0           0           0           0           0
    Foreign official                               6,977           2       6,950           3           3           8           2           1           0           0           0           1           6
    Other (15)                                    10,751           1      10,485          27           0         218           6           6           0           0           5           1           1
  Deferred availability cash items                   720           0           0           0           0           0         648           0           0          72           0           0           0
  Interest on Federal Reserve notes due     
     to U.S. Treasury (16)                         2,337          66       1,308          72          67         168         138         112          33          18          37          79         239
  Other liabilities and accrued             
     dividends (17)                                4,845         144       2,393         191         192         492         314         238         128         112         108         175         359
                                                                                                                                                                                                        
Total liabilities                              4,188,066      89,018   2,545,091     110,862      88,273     238,503     238,166     156,318      46,245      24,610      53,057     134,511     463,413
                                                                                                                                                                                                        
Capital                                                                                                                                                                                                 
  Capital paid in                                 28,061       1,268       9,178       2,110       2,206       5,737       1,597         765         247         116         293         462       4,083
  Surplus                                         28,061       1,268       9,178       2,110       2,206       5,737       1,597         765         247         116         293         462       4,083
  Other capital                                        0           0           0           0           0           0           0           0           0           0           0           0           0
                                                                                                                                                                                                        
Total liabilities and capital                  4,244,188      91,553   2,563,447     115,081      92,684     249,977     241,361     157,848      46,739      24,842      53,643     135,435     471,579

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, April 9, 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. Includes deposits held at the Reserve Banks by international and multilateral organizations, government-sponsored enterprises, and designated financial market utilities.                               
16. 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.                                                                                                                                                   
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 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   
                                                                                           Apr 9, 2014  

Federal Reserve notes outstanding                                                            1,438,782  
  Less: Notes held by F.R. Banks not subject to collateralization                              211,015  
    Federal Reserve notes to be collateralized                                               1,227,767  
Collateral held against Federal Reserve notes                                                1,227,767  
  Gold certificate account                                                                      11,037  
  Special drawing rights certificate account                                                     5,200  
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   1,211,530  
  Other assets pledged                                                                               0  
Memo:                                                                                                   
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                       3,976,536  
  Less: Face value of securities under reverse repurchase agreements                            91,131  
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged        3,885,405  

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