Federal Reserve Statistical Release, H.4.1, Factors Affecting Reserve Balances; title with eagle logo links to Statistical Release home page
Release Date: April 3, 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

For Release at
4:30 P.M. EDT
June 12, 2014

Table 10 line items “Less: Face value of securities under reverse repurchase agreements” and “U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged” have been corrected to include securities pledged as collateral for tri-party reverse repurchase agreements. 
The revised data are reported at the following link: http://www.federalreserve.gov/releases/h41/2014update.htm.
Historical data incorporating this correction can be accessed through the Data Download Program (DDP) at http://www.federalreserve.gov/datadownload/Choose.aspx?rel=H41. 

FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and     
Condition Statement of Federal Reserve Banks                                                    April 3, 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 2, 2014 
Federal Reserve Banks                                      Apr 2, 2014 Mar 26, 2014  Apr 3, 2013              

Reserve Bank credit                                         4,191,520   +    4,693   +1,026,272    4,193,417  
  Securities held outright (1)                              3,968,932   +    5,282   +1,026,312    3,971,104  
    U.S. Treasury securities                                2,318,482   +    9,504   +  519,242    2,320,653  
      Bills (2)                                                     0            0            0            0  
      Notes and bonds, nominal (2)                          2,209,963   +    9,412   +  500,515    2,212,100  
      Notes and bonds, inflation-indexed (2)                   94,565            0   +   15,686       94,565  
      Inflation compensation (3)                               13,953   +       91   +    3,040       13,987  
    Federal agency debt securities (2)                         47,343            0   -   25,080       47,343  
    Mortgage-backed securities (4)                          1,603,108   -    4,221   +  532,151    1,603,108  
  Unamortized premiums on securities held outright (5)        209,737   -      286   +   18,745      209,648  
  Unamortized discounts on securities held outright (5)       -17,022   -      412   -   15,368      -17,157  
  Repurchase agreements (6)                                         0            0            0            0  
  Loans                                                           102   -        4   -      290           97  
    Primary credit                                                  8   -        4            0            0  
    Secondary credit                                                0            0            0            0  
    Seasonal credit                                                11   +        1   +        9           15  
    Term Asset-Backed Securities Loan Facility (7)                 82   -        2   -      300           82  
    Other credit extensions                                         0            0            0            0  
  Net portfolio holdings of Maiden Lane LLC (8)                 1,584   -        1   +      182        1,584  
  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)                         105            0   -      294          105  
  Float                                                          -592   -       51   +       84         -709  
  Central bank liquidity swaps (12)                               407   -       52   -    7,649          407  
  Other Federal Reserve assets (13)                            28,181   +      216   +    4,549       28,253  
Foreign currency denominated assets (14)                       24,027   -       65   +      218       24,013  
Gold stock                                                     11,041            0            0       11,041  
Special drawing rights certificate account                      5,200            0            0        5,200  
Treasury currency outstanding (15)                             45,720   +       14   +      749       45,720  
                                                                                                              
Total factors supplying reserve funds                       4,277,508   +    4,641   +1,027,239    4,279,392  

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 2, 2014 
Federal Reserve Banks                                      Apr 2, 2014 Mar 26, 2014  Apr 3, 2013              

Currency in circulation (15)                                 1,268,695   +    1,463   +   90,908    1,270,466 
Reverse repurchase agreements (16)                             233,626   +   45,591   +  133,470      197,200 
  Foreign official and international accounts                   96,705   +    1,114   -    3,414       91,155 
  Others                                                       136,921   +   44,477   +  136,884      106,045 
Treasury cash holdings                                             278   +        3   +       48          269 
Deposits with F.R. Banks, other than reserve balances          130,583   -   11,501   +   24,964      137,682 
  Term deposits held by depository institutions                 14,251   -    1,162   +   11,206       14,251 
  U.S. Treasury, General Account                                96,163   -    5,877   +   20,019      107,199 
  Foreign official                                               6,984   -        2   -    2,205        6,980 
  Other (17)                                                    13,185   -    4,460   -    4,055        9,252 
Other liabilities and capital (18)                              62,954   -       49   -    2,423       62,007 
                                                                                                              
Total factors, other than reserve balances,               
    absorbing reserve funds                                  1,696,136   +   35,506   +  246,968    1,667,624 
                                                                                                              
Reserve balances with Federal Reserve Banks                  2,581,373   -   30,864   +  780,272    2,611,768 

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 2, 2014 
                                                           Apr 2, 2014 Mar 26, 2014  Apr 3, 2013              

Securities held in custody for foreign official and       
     international accounts                                  3,294,032   +   37,811   -    1,431    3,299,347 
  Marketable U.S. Treasury securities (1)                    2,951,211   +   38,524   -    5,629    2,957,095 
  Federal agency debt and mortgage-backed securities (2)       299,218   -      313   -    1,403      299,215 
  Other securities (3)                                          43,602   -      401   +    5,599       43,037 
Securities lent to dealers                                      14,288   -    2,310   -    9,482       13,101 
  Overnight facility (4)                                        14,288   -    2,310   -    9,482       13,101 
    U.S. Treasury securities                                    12,957   -    2,339   -    9,717       11,784 
    Federal agency debt securities                               1,330   +       28   +      235        1,317 

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 2, 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)                                        0            15            82             0             0           ...            97 
U.S. Treasury securities (2)                                                                                                           
  Holdings                                       0            39           142       849,904       853,179       617,389     2,320,653 
  Weekly changes                        -        1    +        1             0    +   17,974    -   11,100    +    2,241    +    9,114 
Federal agency debt securities (3)                                                                                                     
  Holdings                                     749         2,935         6,782        34,530             0         2,347        47,343 
  Weekly changes                        +      749    -      749             0             0             0             0             0 
Mortgage-backed securities (4)                                                                                                         
  Holdings                                       0             0             0             6         2,901     1,600,201     1,603,108 
  Weekly changes                                 0             0             0    +        1    -        1    +        4    +        4 
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)                 0           407             0             0             0             0           407 
                                                                                                                                       
Reverse repurchase agreements (6)          197,200             0           ...           ...           ...           ...       197,200 
Term deposits                               14,251             0             0           ...           ...           ...        14,251 

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 2, 2014  

Mortgage-backed securities held outright (1)                                                                             1,603,108  
                                                                                                                                    
Commitments to buy mortgage-backed securities (2)                                                                           55,302  
Commitments to sell mortgage-backed securities (2)                                                                               0  
                                                                                                                                    
Cash and cash equivalents (3)                                                                                                    5  



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 2, 2014  

Net portfolio holdings of Maiden Lane LLC (1)                                                                                1,584  
                                                                                                                                    
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 2, 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 2, 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 2, 2014  

Asset-backed securities holdings (1)                                                                                             0  
Other investments, net                                                                                                         105  
Net portfolio holdings of TALF LLC                                                                                             105  
                                                                                                                                    
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 2, 2014   Wednesday    Wednesday  
                                                        consolidation                Mar 26, 2014  Apr 3, 2013 

Assets                                                                                                         
  Gold certificate account                                                   11,037            0            0  
  Special drawing rights certificate account                                  5,200            0            0  
  Coin                                                                        1,939   +        1   -      158  
  Securities, unamortized premiums and discounts,     
     repurchase agreements, and loans                                     4,163,692   +    8,439   +1,024,363  
    Securities held outright (1)                                          3,971,104   +    9,119   +1,022,068  
      U.S. Treasury securities                                            2,320,653   +    9,114   +  515,014  
        Bills (2)                                                                 0            0            0  
        Notes and bonds, nominal (2)                                      2,212,100   +    9,022   +  496,309  
        Notes and bonds, inflation-indexed (2)                               94,565            0   +   15,686  
        Inflation compensation (3)                                           13,987   +       91   +    3,018  
      Federal agency debt securities (2)                                     47,343            0   -   25,080  
      Mortgage-backed securities (4)                                      1,603,108   +        4   +  532,134  
    Unamortized premiums on securities held outright  
    (5)                                                                     209,648   -      298   +   18,109  
    Unamortized discounts on securities held outright 
    (5)                                                                     -17,157   -      374   -   15,517  
    Repurchase agreements (6)                                                     0            0            0  
    Loans                                                                        97   -        8   -      297  
  Net portfolio holdings of Maiden Lane LLC (7)                               1,584   -        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)                                       105            0   -      294  
  Items in process of collection                                   (0)          125   +       34   -        2  
  Bank premises                                                               2,269   -        7   -       28  
  Central bank liquidity swaps (11)                                             407   -       52   -    7,649  
  Foreign currency denominated assets (12)                                   24,013   -       88   +      105  
  Other assets (13)                                                          25,985   +    1,144   +    4,490  
                                                                                                               
Total assets                                                       (0)    4,236,441   +    9,470   +1,021,009  

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 2, 2014   Wednesday    Wednesday  
                                                        consolidation                Mar 26, 2014  Apr 3, 2013 

Liabilities                                                                                                    
  Federal Reserve notes, net of F.R. Bank holdings                         1,226,950   +    2,154   +   90,007 
  Reverse repurchase agreements (14)                                         197,200   -      595   +  103,033 
  Deposits                                                          (0)    2,749,450   +    7,508   +  831,032 
    Term deposits held by depository institutions                             14,251   -    1,162   +   11,206 
    Other deposits held by depository institutions                         2,611,768   +      599   +  773,938 
    U.S. Treasury, General Account                                           107,199   +   18,132   +   47,139 
    Foreign official                                                           6,980   -       48   -    2,206 
    Other (15)                                                      (0)        9,252   -   10,013   +      954 
  Deferred availability cash items                                  (0)          834   +      161   -       45 
  Other liabilities and accrued dividends (16)                                 5,907   +      242   -    3,987 
                                                                                                               
Total liabilities                                                   (0)    4,180,341   +    9,471   +1,020,041 
                                                                                                               
Capital accounts                                                                                               
  Capital paid in                                                             28,050            0   +      484 
  Surplus                                                                     28,050            0   +      484 
  Other capital accounts                                                           0            0            0 
                                                                                                               
Total capital                                                                 56,100   -        1   +      968 

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 2, 2014
Millions of dollars
Assets, liabilities, and capital               Total       Boston     New York  Philadelphia  Cleveland    Richmond    Atlanta     Chicago    St. Louis  Minneapolis    Kansas      Dallas       San     
                                                                                                                                                                         City                 Francisco  

Assets                                                                                                                                                                                                   
  Gold certificate account                        11,037         391       3,925          397         512         856       1,421         792         310         190         309         728       1,206
  Special drawing rights certificate acct.         5,200         196       1,818          210         237         412         654         424         150          90         153         282         574
  Coin                                             1,939          36          94          125         126         334         221         276          23          48         153         175         327
  Securities, unamortized premiums and      
     discounts, repurchase agreements,      
     and loans                                 4,163,692     108,874   2,308,966      120,637     106,334     258,896     276,582     224,991      66,993      39,519      78,771     161,683     411,446
    Securities held outright (1)               3,971,104     103,840   2,202,140      115,060     101,418     246,926     263,795     214,584      63,896      37,683      75,129     154,208     392,424
      U.S. Treasury securities                 2,320,653      60,683   1,286,897       67,239      59,267     144,300     154,158     125,400      37,340      22,021      43,904      90,117     229,327
        Bills (2)                                      0           0           0            0           0           0           0           0           0           0           0           0           0
        Notes and bonds (3)                    2,320,653      60,683   1,286,897       67,239      59,267     144,300     154,158     125,400      37,340      22,021      43,904      90,117     229,327
      Federal agency debt securities (2)          47,343       1,238      26,254        1,372       1,209       2,944       3,145       2,558         762         449         896       1,838       4,678
      Mortgage-backed securities (4)           1,603,108      41,920     888,989       46,449      40,942      99,683     106,492      86,626      25,794      15,212      30,329      62,253     158,419
    Unamortized premiums on securities held 
      outright (5)                               209,648       5,482     116,258        6,074       5,354      13,036      13,927      11,329       3,373       1,989       3,966       8,141      20,717
    Unamortized discounts on securities     
      held outright (5)                          -17,157        -449      -9,514         -497        -438      -1,067      -1,140        -927        -276        -163        -325        -666      -1,695
    Repurchase agreements (6)                          0           0           0            0           0           0           0           0           0           0           0           0           0
    Loans                                             97           0          82            0           0           0           0           5           0           9           1           0           0
  Net portfolio holdings of Maiden                                                                                                                                                                       
     Lane LLC (7)                                  1,584           0       1,584            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)            105           0         105            0           0           0           0           0           0           0           0           0           0
  Items in process of collection                     125           1           0            0           0           0         124           0           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)        24,013       1,089       7,774        1,800       1,904       4,992       1,376         661         201         101         252         400       3,464
  Other assets (13)                               25,985         707      14,083          875         660       1,760       1,710       1,377         474         310         505       1,009       2,514
  Interdistrict settlement account                     0  -   19,239  +  231,242   -    5,544  -   19,708  -   27,118  -   47,223  -   74,138  -   20,866  -   14,901  -   26,431  -   23,540  +   47,465
                                                                                                                                                                                                         
Total assets                                   4,236,441      92,195   2,570,234      118,603      90,207     240,442     235,100     154,595      47,414      25,458      53,962     140,975     467,257

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 2, 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            1,427,845      44,793     522,433      43,244      60,830     103,086     187,053      88,107      36,975      21,130      37,179     118,274     164,743
    Less: Notes held by F.R. Banks               200,896       4,420      55,993       4,709       7,821      10,099      19,842      13,121       4,846       6,662       9,006      35,758      28,617
      Federal Reserve notes, net               1,226,950      40,373     466,439      38,535      53,010      92,987     167,211      74,985      32,128      14,469      28,173      82,516     136,125
  Reverse repurchase agreements (14)             197,200       5,157     109,355       5,714       5,036      12,262      13,100      10,656       3,173       1,871       3,731       7,658      19,487
  Deposits                                     2,749,450      43,940   1,973,388      69,906      27,538     123,170      50,381      67,072      11,452       8,691      21,323      49,618     302,971
    Term deposits held by depository        
        institutions                              14,251          10      10,650           0           0          15         655       1,355          49          52           5         205       1,255
    Other deposits held by depository       
        institutions                           2,611,768      43,927   1,839,617      69,875      27,535     122,912      49,718      65,710      11,403       8,639      21,312      49,412     301,709
    U.S. Treasury, General Account               107,199           0     107,199           0           0           0           0           0           0           0           0           0           0
    Foreign official                               6,980           2       6,953           3           3           8           2           1           0           0           0           1           6
    Other (15)                                     9,252           1       8,968          28           0         235           6           6           0           0           5           0           1
  Deferred availability cash items                   834           0           0           0           0           0         770           0           0          65           0           0           0
  Interest on Federal Reserve notes due     
     to U.S. Treasury (16)                         1,725          39       1,009          33          20          59         136         106          36          19          37          77         154
  Other liabilities and accrued             
     dividends (17)                                4,182         152       1,687         196         192         490         319         256         130         111         113         184         352
                                                                                                                                                                                                        
Total liabilities                              4,180,341      89,660   2,551,878     114,383      85,796     228,968     231,917     153,074      46,920      25,226      53,377     140,052     459,091
                                                                                                                                                                                                        
Capital                                                                                                                                                                                                 
  Capital paid in                                 28,050       1,268       9,178       2,110       2,206       5,737       1,591         760         247         116         292         462       4,083
  Surplus                                         28,050       1,268       9,178       2,110       2,206       5,737       1,591         760         247         116         292         462       4,083
  Other capital                                        0           0           0           0           0           0           0           0           0           0           0           0           0
                                                                                                                                                                                                        
Total liabilities and capital                  4,236,441      92,195   2,570,234     118,603      90,207     240,442     235,100     154,595      47,414      25,458      53,962     140,975     467,257

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 2, 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 2, 2014  

Federal Reserve notes outstanding                                                            1,427,845  
  Less: Notes held by F.R. Banks not subject to collateralization                              200,896  
    Federal Reserve notes to be collateralized                                               1,226,950  
Collateral held against Federal Reserve notes                                                1,226,950  
  Gold certificate account                                                                      11,037  
  Special drawing rights certificate account                                                     5,200  
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   1,210,713  
  Other assets pledged                                                                               0  
Memo:                                                                                                   
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                       3,971,104  
  Less: Face value of securities under reverse repurchase agreements                           189,187  
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged        3,781,916  

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