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Release Date: Thursday, June 12, 2014
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FEDERAL RESERVE statistical release

For Release at

4:30 P.M. EDT

June 12, 2014

The Board's H.4.1 statistical release, "Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks," has been corrected to include securities pledged as collateral for tri-party reverse repurchase agreements shown in table 10 as "Less: Face value of securities under reverse repurchase agreements."

Historical data incorporating this correction can be accessed through the Data Download Program (DDP) at http://www.federalreserve.gov/datadownload/Choose.aspx?rel=H41. Historical releases incorporating this correction can be accessed at http://www.federalreserve.gov/releases/h41.

FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks

June 12, 2014

1. Factors Affecting Reserve Balances of Depository Institutions

Millions of dollars

Reserve Bank credit, related items, and
reserve balances of depository institutions at
Federal Reserve Banks

Averages of daily figures

Wednesday
Jun 11, 2014

Week ended
Jun 11, 2014

Change from week ended

Jun 4, 2014

Jun 12, 2013

Reserve Bank credit

4,293,658

+    8,785

+  929,658

4,298,214

Securities held outright1

4,074,203

+    6,953

+  935,022

4,077,886

U.S. Treasury securities

2,382,132

+    6,947

+  478,836

2,385,801

Bills2

         0

         0

         0

         0

Notes and bonds, nominal2

2,270,682

+    6,853

+  462,045

2,274,320

Notes and bonds, inflation-indexed2

    96,068

         0

+   14,028

    96,068

Inflation compensation3

    15,382

+       94

+    2,763

    15,414

Federal agency debt securities2

    44,082

         0

-   26,808

    44,082

Mortgage-backed securities4

1,647,989

+        6

+  482,994

1,648,003

Unamortized premiums on securities held outright5

   209,184

-      118

+    8,276

   209,101

Unamortized discounts on securities held outright5

   -18,231

-      152

-   16,258

   -18,269

Repurchase agreements6

         0

         0

         0

         0

Loans

       169

+       12

-      167

       183

Primary credit

         9

-        7

-        6

        16

Secondary credit

         0

         0

         0

         0

Seasonal credit

        81

+       20

+       31

        88

Term Asset-Backed Securities Loan Facility7

        79

         0

-      192

        79

Other credit extensions

         0

         0

         0

         0

Net portfolio holdings of Maiden Lane LLC8

     1,654

-        1

+      230

     1,654

Net portfolio holdings of Maiden Lane II LLC9

        63

         0

-        1

        63

Net portfolio holdings of Maiden Lane III LLC10

        22

         0

         0

        22

Net portfolio holdings of TALF LLC11

        90

-        1

-      191

        90

Float

      -599

+       14

+      194

      -614

Central bank liquidity swaps12

       174

         0

-    1,597

       174

Other Federal Reserve assets13

    26,929

+    2,078

+    4,150

    27,925

Foreign currency denominated assets14

    23,907

-       71

-       31

    23,874

Gold stock

    11,041

         0

         0

    11,041

Special drawing rights certificate account

     5,200

         0

         0

     5,200

Treasury currency outstanding15

    45,889

+       14

+      789

    45,889

Total factors supplying reserve funds

4,379,694

+    8,727

+  930,415

4,384,218

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
reserve balances of depository institutions at
Federal Reserve Banks

Averages of daily figures

Wednesday
Jun 11, 2014

Week ended
Jun 11, 2014

Change from week ended

Jun 4, 2014

Jun 12, 2013

Currency in circulation15

1,279,588

-      879

+   90,538

1,279,893

Reverse repurchase agreements16

   206,918

-   49,484

+  116,372

   213,136

Foreign official and international accounts

   102,361

-    5,765

+   11,815

   102,261

Others

   104,557

-   43,720

+  104,557

   110,875

Treasury cash holdings

       188

+        1

+       52

       181

Deposits with F.R. Banks, other than reserve balances

   118,830

+   28,205

+   44,368

   117,976

Term deposits held by depository institutions

    59,102

+   16,198

+   48,606

    59,102

U.S. Treasury, General Account

    46,921

+   13,026

+    3,865

    42,420

Foreign official

     6,215

-    1,578

-    3,645

     5,946

Other17

     6,592

+      559

-    4,459

    10,508

Other liabilities and capital18

    64,660

+      445

+      622

    63,791

Total factors, other than reserve balances,
absorbing reserve funds

1,670,184

-   21,711

+  251,952

1,674,977

Reserve balances with Federal Reserve Banks

2,709,510

+   30,439

+  678,463

2,709,241

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
Jun 11, 2014

Week ended
Jun 11, 2014

Change from week ended

Jun 4, 2014

Jun 12, 2013

Securities held in custody for foreign official and international accounts

3,308,058

+   12,490

-    6,292

3,306,293

Marketable U.S. Treasury securities1

2,972,352

+   12,444

-    1,283

2,970,633

Federal agency debt and mortgage-backed securities2

   294,240

+      102

-    8,357

   294,286

Other securities3

    41,467

-       55

+    3,349

    41,374

Securities lent to dealers

    12,254

+    1,685

-    5,888

    12,541

Overnight facility4

    12,254

+    1,685

-    5,888

    12,541

U.S. Treasury securities

    11,448

+    1,921

-    5,720

    11,715

Federal agency debt securities

       807

-      234

-      166

       826

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, June 11, 2014

Millions of dollars

Remaining Maturity

Within 15
days

16 days to
90 days

91 days to
1 year

Over 1 year
to 5 years

Over 5 year
to 10 years

Over 10
years

All

Loans1

        28

        91

        64

         0

         0

...

       183

U.S. Treasury securities2

Holdings

         0

        47

     1,994

   929,168

   816,849

   637,742

2,385,801

Weekly changes

         0

         0

         0

+    3,025

+    2,529

+    2,062

+    7,615

Federal agency debt securities3

Holdings

       423

     2,097

     5,667

    33,548

         0

     2,347

    44,082

Weekly changes

         0

         0

         0

         0

         0

         0

         0

Mortgage-backed securities4

Holdings

         0

         0

         0

         9

     3,696

1,644,298

1,648,003

Weekly changes

         0

         0

         0

         0

         0

+       20

+       20

Asset-backed securities held by
TALF LLC5

         0

         0

         0

         0

         0

         0

         0

Repurchase agreements6

         0

         0

...

...

...

...

         0

Central bank liquidity swaps7

        50

       124

         0

         0

         0

         0

       174

Reverse repurchase agreements6

   213,136

         0

...

...

...

...

   213,136

Term deposits

    59,102

         0

         0

...

...

...

    59,102

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

Jun 11, 2014

Mortgage-backed securities held outright1

1,648,003

Commitments to buy mortgage-backed securities2

    69,981

Commitments to sell mortgage-backed securities2

       300

Cash and cash equivalents3

         2

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

Jun 11, 2014

Net portfolio holdings of Maiden Lane LLC1

     1,654

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2

         0

Accrued interest payable to the Federal Reserve Bank of New York2

         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 March 31, 2014. 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

Jun 11, 2014

Net portfolio holdings of Maiden Lane II LLC1

        63

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2

         0

Accrued interest payable to the Federal Reserve Bank of New York2

         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 March 31, 2014. 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

Jun 11, 2014

Net portfolio holdings of Maiden Lane III LLC1

        22

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2

         0

Accrued interest payable to the Federal Reserve Bank of New York2

         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 March 31, 2014. 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

Jun 11, 2014

Asset-backed securities holdings1

         0

Other investments, net

        90

Net portfolio holdings of TALF LLC

        90

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2

         0

Accrued interest payable to the Federal Reserve Bank of New York2

         0

Funding provided by U.S. Treasury to TALF LLC, including accrued interest payable3

         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 from consolidation

Wednesday
Jun 11, 2014

Change since

Wednesday

Wednesday

Jun 4, 2014

Jun 12, 2013

Assets

Gold certificate account

    11,037

         0

         0

Special drawing rights certificate account

     5,200

         0

         0

Coin

     1,880

+       22

-       99

Securities, unamortized premiums and discounts, repurchase agreements, and loans

4,268,901

+    7,291

+  927,681

Securities held outright1

4,077,886

+    7,635

+  935,910

U.S. Treasury securities

2,385,801

+    7,615

+  479,722

Bills2

         0

         0

         0

Notes and bonds, nominal2

2,274,320

+    7,530

+  463,903

Notes and bonds, inflation-indexed2

    96,068

         0

+   13,042

Inflation compensation3

    15,414

+       86

+    2,778

Federal agency debt securities2

    44,082

         0

-   26,808

Mortgage-backed securities4

1,648,003

+       20

+  482,995

Unamortized premiums on securities held outright5

   209,101

-      209

+    8,176

Unamortized discounts on securities held outright5

   -18,269

-      155

-   16,207

Repurchase agreements6

         0

         0

         0

Loans

       183

+       19

-      197

Net portfolio holdings of Maiden Lane LLC7

     1,654

         0

+      229

Net portfolio holdings of Maiden Lane II LLC8

        63

         0

-        1

Net portfolio holdings of Maiden Lane III LLC9

        22

         0

         0

Net portfolio holdings of TALF LLC10

        90

-        1

-      191

Items in process of collection

(0)

        84

-        1

-        8

Bank premises

     2,262

+        1

-       37

Central bank liquidity swaps11

       174

         0

-    1,597

Foreign currency denominated assets12

    23,874

-       27

-      348

Other assets13

    25,663

+    2,702

+    4,432

Total assets

(0)

4,340,904

+    9,987

+  930,062

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 from consolidation

Wednesday
Jun 11, 2014

Change since

Wednesday

Wednesday

Jun 4, 2014

Jun 12, 2013

Liabilities

Federal Reserve notes, net of F.R. Bank holdings

1,236,061

-      997

+   89,463

Reverse repurchase agreements14

   213,136

-   19,818

+  126,859

Deposits

(0)

2,827,218

+   30,394

+  713,608

Term deposits held by depository institutions

    59,102

+   16,198

+   48,606

Other deposits held by depository institutions

2,709,242

+    1,178

+  668,515

U.S. Treasury, General Account

    42,420

+   10,518

+    3,136

Foreign official

     5,946

-    1,833

-    3,765

Other15

(0)

    10,508

+    4,333

-    2,883

Deferred availability cash items

(0)

       698

-      116

-      276

Other liabilities and accrued dividends16

     7,481

+      527

-      933

Total liabilities

(0)

4,284,593

+    9,989

+  928,721

Capital accounts

Capital paid in

    28,155

-        1

+      670

Surplus

    28,155

-        1

+      670

Other capital accounts

         0

         0

         0

Total capital

    56,310

-        3

+    1,341

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, June 11, 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

     1,880

        32

        82

       119

       119

       316

       222

       275

        22

        46

       151

       177

       320

Securities, unamortized premiums and discounts, repurchase agreements,
and loans

4,268,901

    86,349

2,620,063

   102,266

    93,201

   238,582

   235,985

   174,482

    52,667

    26,195

    56,239

   130,071

   452,801

Securities held outright1

4,077,886

    82,488

2,502,858

    97,694

    89,034

   227,916

   225,423

   166,669

    50,298

    24,991

    53,715

   124,254

   432,546

U.S. Treasury securities

2,385,801

    48,261

1,464,318

    57,157

    52,090

   133,344

   131,886

    97,511

    29,427

    14,621

    31,427

    72,696

   253,064

Bills2

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Notes and bonds3

2,385,801

    48,261

1,464,318

    57,157

    52,090

   133,344

   131,886

    97,511

    29,427

    14,621

    31,427

    72,696

   253,064

Federal agency debt securities2

    44,082

       892

    27,056

     1,056

       962

     2,464

     2,437

     1,802

       544

       270

       581

     1,343

     4,676

Mortgage-backed securities4

1,648,003

    33,336

1,011,484

    39,481

    35,982

    92,108

    91,101

    67,356

    20,327

    10,100

    21,708

    50,215

   174,805

Unamortized premiums on securities held outright5

   209,101

     4,230

   128,339

     5,009

     4,565

    11,687

    11,559

     8,546

     2,579

     1,281

     2,754

     6,371

    22,180

Unamortized discounts on securities held outright5

   -18,269

      -370

   -11,213

      -438

      -399

    -1,021

    -1,010

      -747

      -225

      -112

      -241

      -557

    -1,938

Repurchase agreements6

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Loans

       183

         0

        79

         1

         0

         0

        13

        13

        15

        35

        10

         3

        14

Net portfolio holdings of Maiden

Lane LLC7

     1,654

         0

     1,654

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Net portfolio holdings of Maiden

Lane II LLC8

        63

         0

        63

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Net portfolio holdings of Maiden

Lane III LLC9

        22

         0

        22

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Net portfolio holdings of TALF LLC10

        90

         0

        90

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Items in process of collection

        84

         0

         0

         0

         0

         0

        83

         0

         0

         0

         0

         0

         0

Bank premises

     2,262

       122

       430

        73

       110

       224

       209

       199

       125

        98

       244

       226

       202

Central bank liquidity swaps11

       174

         8

        56

        13

        14

        36

        10

         5

         1

         1

         2

         3

        25

Foreign currency denominated assets12

    23,874

     1,086

     7,680

     1,795

     1,898

     4,978

     1,372

       659

       201

       101

       251

       399

     3,454

Other assets13

    25,663

       554

    15,342

       742

       560

     1,590

     1,417

     1,041

       367

       225

       356

       823

     2,647

Interdistrict settlement account

         0

+   14,045

-   14,700

+    2,627

-    2,444

+    4,195

+   11,159

-   25,874

-    9,634

-    3,153

-    4,375

-    1,203

+   29,356

Total assets

4,340,904

   102,742

2,636,725

   108,183

    94,159

   251,157

   252,462

   151,916

    44,176

    23,775

    53,312

   131,659

   490,636

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, June 11, 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

1,455,319

    45,398

   507,498

    43,366

    63,904

   105,608

   213,213

    93,228

    36,605

    21,397

    37,734

   116,394

   170,975

Less: Notes held by F.R. Banks

   219,258

     4,735

    70,199

     6,116

     9,502

    11,489

    22,371

    15,333

     4,849

     5,414

     6,172

    32,293

    30,785

Federal Reserve notes, net

1,236,061

    40,663

   437,299

    37,250

    54,402

    94,119

   190,841

    77,896

    31,755

    15,983

    31,561

    84,101

   140,190

Reverse repurchase agreements14

   213,136

     4,311

   130,815

     5,106

     4,653

    11,912

    11,782

     8,711

     2,629

     1,306

     2,807

     6,494

    22,608

Deposits

2,827,218

    54,986

2,046,564

    61,318

    30,388

   132,855

    45,527

    63,414

     9,132

     6,037

    18,200

    39,866

   318,932

Term deposits held by depository institutions

    59,102

         0

    50,373

         0

         0

        48

       365

     5,105

        50

        42

         4

       205

     2,910

Other deposits held by depository institutions

2,709,242

    54,978

1,937,533

    61,283

    30,384

   132,667

    45,153

    58,300

     9,082

     5,995

    18,194

    39,659

   316,015

U.S. Treasury, General Account

    42,420

         0

    42,420

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Foreign official

     5,946

         2

     5,919

         3

         3

         8

         2

         1

         0

         0

         0

         1

         6

Other15

    10,508

         6

    10,319

        32

         0

       132

         7

         8

         0

         0

         1

         2

         1

Deferred availability cash items

       698

         0

         0

         0

         0

         0

       614

         0

         0

        84

         0

         0

         0

Interest on Federal Reserve notes due
to U.S. Treasury16

     2,161

        42

     1,351

        48

        41

       138

       113

        88

        24

        11

        26

        62

       216

Other liabilities and accrued
dividends17

     5,319

       182

     2,311

       235

       236

       606

       370

       280

       141

       120

       132

       207

       500

Total liabilities

4,284,593

   100,184

2,618,339

   103,957

    89,720

   239,631

   249,247

   150,389

    43,681

    23,541

    52,727

   130,731

   482,445

Capital

Capital paid in

    28,155

     1,279

     9,193

     2,113

     2,219

     5,763

     1,607

       763

       248

       117

       293

       464

     4,095

Surplus

    28,155

     1,279

     9,193

     2,113

     2,219

     5,763

     1,607

       763

       248

       117

       293

       464

     4,095

Other capital

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Total liabilities and capital

4,340,904

   102,742

2,636,725

   108,183

    94,159

   251,157

   252,462

   151,916

    44,176

    23,775

    53,312

   131,659

   490,636

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, June 11, 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

Jun 11, 2014

Federal Reserve notes outstanding

1,455,319

Less: Notes held by F.R. Banks not subject to collateralization

   219,258

Federal Reserve notes to be collateralized

1,236,061

Collateral held against Federal Reserve notes

1,236,061

Gold certificate account

    11,037

Special drawing rights certificate account

     5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2

1,219,824

Other assets pledged

         0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2

4,077,886

Less: Face value of securities under reverse repurchase agreements

   206,185

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged

3,871,701

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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