Statistical Tables

This appendix includes 14 statistical tables that provide updated historical data concerning Board and System operations and activities.

Table 1. Federal Reserve open market transactions, 2019

Millions of dollars

Type of security
and transaction
Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec. Total
U.S. Treasury securities1
Outright transactions 2
Treasury bills
Gross purchases 0 0 0 100 0 0 0 3,001 3,001 45,006 55,508 63,009 169,625
Gross sales 0 0 0 0 50 0 0 0 0 0 0 0 50
Exchanges 0 0 0 0 0 5 0 0 50 181 3,110 18,429 21,775
For new bills 0 0 0 0 0 5 0 0 50 181 3,110 18,429 21,775
Redemptions 0 0 0 0 0 45 3 2 0 0 0 0 50
Others up to 1 year
Gross purchases 0 0 0 0 0 0 25 3,402 1,601 1,978 2,076 2,360 11,442
Gross sales 0 0 0 0 0 0 0 0 0 0 0 0 0
Exchanges 0 -26,052 0 -1,926 -43,532 -6,463 -6,504 -69,488 -12,985 -15,683 -48,746 -12,047 -243,425
Redemptions 15,966 30,000 22,379 30,000 15,000 15,000 15,000 0 0 0 0 0 143,407
Over 1 to 5 years
Gross purchases 0 0 0 0 0 0 25 5,903 8,241 7,538 8,020 7,093 36,820
Gross sales 0 0 0 0 0 0 0 0 0 0 0 50 50
Exchanges 0 13,049 0 1,512 23,345 4,632 4,336 35,315 8,414 12,337 24,424 9,035 136,400
Over 5 to 10 years
Gross purchases 0 0 0 0 0 0 0 2,101 2,217 3,725 4,645 3,765 16,453
Gross sales 0 0 0 0 0 0 0 0 0 0 0 0 0
Exchanges 0 8,042 0 412 13,715 1,830 2,032 21,774 4,571 3,346 15,325 3,012 74,058
More than 10 years
Gross purchases 0 0 0 0 0 0 0 0 2,548 3,769 2,269 3,792 12,378
Gross sales 0 0 0 0 0 0 0 0 0 0 0 0 0
Exchanges 0 4,961 0 2 6,472 0 136 12,398 0 0 8,997 0 32,967
All maturities
Gross purchases 0 0 0 100 0 0 50 14,407 17,608 62,016 72,518 80,019 246,718
Gross sales 0 0 0 0 50 0 0 0 0 0 0 50 100
Redemptions 15,966 30,000 22,441 30,000 15,000 15,045 15,003 2 0 0 0 0 143,457
Net change in U.S. Treasury securities -15,966 -30,000 -22,441 -29,900 -15,050 -15,045 -14,953 14,405 17,608 62,016 72,518 79,969 103,161
Federal agency obligations
Outright transactions 2
Gross purchases 0 0 0 0 0 0 0 0 0 0 0 0 0
Gross sales 0 0 0 0 0 0 0 0 0 0 0 0 0
Redemptions 0 0 62 0 0 0 0 0 0 0 0 0 62
Net change in federal agency obligations 0 0 -62 0 0 0 0 0 0 0 0 0 -62
Mortgage-backed securities 3
Net settlements 2
Net change in mortgage-backed securities -15,315 -14200 -14,886 -17,289 -20,028 -22,679 -20,951 -22,170 -22,346 -21,490 -22,045 -15,047 -228,447
Total net change in securities holdings 4 -31,281 -44,200 -37,389 -47,189 -35,078 -37,724 -35,904 -7,765 -4,738 40,526 50,473 64,922 -125,348
Temporary transactions
Repurchase agreements 5 0 0 0 0 9 0 0 0 52,910 193,348 209,486 229,380 n/a n/a
Reverse repurchase agreements 5 257,615 252,115 242,351 255,882 265,654 277,127 290,113 296,086 296,214 296,158 288,379 268,273 n/a
Foreign official and international accounts 252,602 249,680 241,169 254,776 263,488 267,352 282,602 289,537 292,111 290,908 281,801 262,240 n/a
Others 5,013 2,434 1,182 1,106 2,165 9,775 7,511 6,548 4,103 5,250 6,577 6,033 n/a

 

Note: Purchases of Treasury securities and federal agency obligations increase securities holdings; sales and redemptions of these securities decrease securities holdings. Exchanges occur when the Federal Reserve rolls the proceeds of maturing securities into newly issued securities, and so exchanges do not affect total securities holdings. Positive net settlements of mortgage-backed securities increase securities holdings, while negative net settlements of these securities decrease securities holdings. Components may not sum to totals because of rounding. See table 2 of the H.4.1 release (https://www.federalreserve.gov/releases/h41/) for the maturity distribution of the securities.

 1. Transactions exclude changes in compensation for the effects of inflation on the principal of inflation-indexed securities. Transactions include the rollover of inflation compensation into new securities. The maturity distributions of exchanged Treasury securities are based on the announced maturity of new securities rather than actual day counts. Return to table

 2. Excludes the effect of temporary transactions—repurchase agreements and reverse repurchase agreements. Return to table

 3. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Monthly net change in the remaining principal balance of the securities reported at face value. Return to table

 4. The net change in securities holdings reflects the settlements of purchases, reinvestments, sales, and maturities of portfolio securities. Return to table

 5. Averages of daily business cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.
For additional details on temporary transactions, see the temporary open market operations historical search available at https://apps.newyorkfed.org/markets/autorates/tomo-search-pageReturn to table

n/a Not applicable.

Table 2. Federal Reserve Bank holdings of U.S. Treasury and federal agency securities, December 31, 2017–19

Millions of dollars

Description December 31 Change
2019 2018 2017 2018–19 2017–18
U.S. Treasury securities 1
Held outright2 2,328,933 2,222,547 2,454,208 106,386 -231,661
By remaining maturity
Bills
1–90 days 51,763 0 0 51,763 0
91 days to 1 year 117,762 0 0 117,762 0
Notes and bonds
1 year or less 303,438 384,936 443,679 -81,498 -58,743
More than 1 year through 5 years 893,832 958,065 1,077,270 -64,233 -119,205
More than 5 years through 10 years 321,591 260,898 310,375 60,693 -49,477
More than 10 years 640,547 618,648 622,884 21,899 -4,236
By type
Bills 169,525 0 0 169,525 0
Notes 1,290,107 1,382,654 1,624,620 -92,547 -241,966
Bonds 869,301 839,893 829,588 29,408 10,305
Federal agency securities 1
Held outright 2 2,347 2,409 4,391 -62 -1,982
By remaining maturity
Discount notes
1–90 days 0 0 0 0 0
91 days to 1 year 0 0 0 0 0
Coupons
1 year or less 0 62 1,982 -62 -1,920
More than 1 year through 5 years 0 0 62 0 -62
More than 5 years through 10 years 486 0 0 486 0
More than 10 years 1,861 2,347 2,347 -486 0
By type
Discount notes 0 0 0 0 0
Coupons 2,347 2,409 4,391 -62 -1,982
By issuer
Federal Home Loan Mortgage Corporation 529 591 2,573 -62 -1,982
Federal National Mortgage Association 1,818 1,818 1,818 0 0
Federal Home Loan Banks 0 0 0 0 0
Mortgage-backed securities 3 ,4
Held outright 2 1,408,677 1,637,123 1,764,929 -228,446 -127,806
By remaining maturity
1 year or less 12 4 1 8 3
More than 1 year through 5 years 1,135 214 173 921 41
More than 5 years through 10 years 73,528 62,706 20,013 10,822 42,693
More than 10 years 1,334,002 1,574,199 1,744,742 -240,197 -170,543
By issuer
Federal Home Loan Mortgage Corporation 422,087 481,436 515,025 -59,349 -33,589
Federal National Mortgage Association 652,729 761,166 826,306 -108,437 -65,140
Government National Mortgage Association 333,861 394,521 423,598 -60,660 -29,077
Temporary transactions 5
Repurchase agreements6 255,619 0 0 255,619 0
Reverse repurchase agreements 6 336,649 304,012 563,958 32,637 -259,946
Foreign official and international accounts 272,562 262,164 244,363 10,398 17,801
Primary dealers and expanded counterparties 64,087 41,848 319,595 22,239 -277,747

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

 1. Par value. Return to table

 2. Excludes the effect of temporary transactions—repurchase agreements and reverse repurchase agreements. Return to table

 3. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Return to table

 4. The par amount shown is the remaining principal balance of the securities. Return to table

 5. Contract amount of agreements. Return to table

 6. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities. Return to table

Table 3. Federal Reserve Bank interest rates on loans to depository institutions, December 31, 2019

Percent

Reserve Bank Primary
credit
Secondary
credit
Seasonal
credit
All banks 2.25 2.75 1.70

Note: For details on rate changes over the course of 2019, see "Discount Rates for Depository Institutions in 2019" in appendix E of this annual report ("Record of Policy Actions of the Board of Governors"). Primary credit is available for very short terms as a backup source of liquidity to depository institutions that are in generally sound financial condition in the judgment of the lending Federal Reserve Bank. Secondary credit is available in appropriate circumstances to depository institutions that do not qualify for primary credit. Seasonal credit is available to help relatively small depository institutions meet regular seasonal needs for funds that arise from a clear pattern of intra-yearly movements in their deposits and loans. The discount rate on seasonal credit takes into account rates charged by market sources of funds and is reestablished on the first business day of each two-week reserve maintenance period.

Table 4. Reserve requirements of depository institutions, December 31, 2019
Liability type Requirements
Percentage
of liabilities
Effective
date
Net transaction accounts 1
$0 million–$16.3 million 2 0 1/17/2019

More than $16.3 million–$124.2 million 3

3 1/17/2019

More than $124.2 million

10 1/17/2019
Nonpersonal time deposits 0 12/27/1990
Eurocurrency liabilities 0 12/27/1990

Note: The table reflects the liability types and percentages of those liabilities subject to requirements for the maintenance period that contains the year end. Required reserves must be held in the form of vault cash and, if vault cash is insufficient, also in the form of a deposit with a Federal Reserve Bank. An institution must hold that deposit directly with a Reserve Bank or with another institution in a pass-through relationship. Reserve requirements are imposed on commercial banks, savings banks, savings and loan associations, credit unions, U.S. branches and agencies of foreign banks, Edge corporations, and agreement corporations.

 1. Total transaction accounts consist of demand deposits, automatic transfer service (ATS) accounts, NOW accounts, share draft accounts, telephone or preauthorized transfer accounts, ineligible acceptances, and affiliate-issued obligations maturing in seven days or less. Net transaction accounts are total transaction accounts less amounts due from other depository institutions and less cash items in the process of collection.
For a more detailed description of these deposit types, see Form FR 2900Return to table

 2. The amount of net transaction accounts subject to a reserve requirement ratio of 0 percent (the "exemption amount") is adjusted each year by statute. The exemption amount is adjusted upward by 80 percent of the previous year's (June 30 to June 30) rate of increase in total reservable liabilities at all depository institutions. No adjustment is made in the event of a decrease in such liabilities. Return to table

 3. The amount of net transaction accounts subject to a reserve requirement ratio of 3 percent is the "low reserve tranche." By statute, the upper limit of the low reserve tranche is adjusted each year by 80 percent of the previous year's (June 30 to June 30) rate of increase or decrease in net transaction accounts held by all depository institutions. Return to table

Table 5. Banking offices and banks affiliated with bank holding companies in the United States, December 31, 2018 and 2019
Type of office Total Commercial banks 1 Savings
banks
Total Member Nonmember
Total National State
All banking offices
Banks
Number, Dec. 31, 2018 4,964 4,714 1,577 808 769 3,137 250
Changes during 2019
New banks 20 19 4 3 1 15 1
Banks converted into branches -200 -192 -60 -24 -36 -132 -8
Ceased banking operations 2 -31 -28 -8 -7 -1 -20 -3
Other 3 0 2 -4 -2 -2 6 -2
Net change -211 -199 -68 -30 -38 -131 -12
Number, Dec. 31, 2019 4,753 4,515 1,509 778 731 3,006 238
Branches and additional offices
Number, Dec. 31, 2018 79,155 76,236 53,234 38,757 14,477 23,002 2,919
Changes during 2019
New branches 1,111 1,071 653 477 176 418 40
Banks converted to branches 200 195 77 42 35 118 5
Discontinued 2 -2,493 -2,379 -1,869 -1,484 -385 -510 -114
Other 3 0 429 -832 1,444 -2,276 -1,261 -429
Net change -1,182 -684 -1,971 479 -2,450 1,287 -498
Number, Dec. 31, 2019 77,973 75,552 51,263 39,236 12,027 24,289 2,421
Banks affiliated with bank holding companies
Number, Dec. 31, 2018 4,198 4,071 1,426 715 711 2,645 127
Changes during 2019
BHC-affiliated new banks 28 24 10 5 5 14 4
Banks converted into branches -170 -164 -55 -22 -33 -109 -6
Ceased banking operations 2 -27 -25 -7 -6 -1 -18 -2
Other 3 0 2 -4 -2 -2 6 -2
Net change -169 -163 -56 -25 -31 -107 -6
Number, Dec. 31, 2019 4,029 3,908 1,370 690 680 2,538 121

Note: Includes banks, banking offices, and bank holding companies in U.S. territories and possessions (affiliated insular areas).

 1. For purposes of this table, banks are entities that are defined as banks in the Bank Holding Company Act, as amended, which is implemented by Federal Reserve Regulation Y. Generally, a bank is any institution that accepts demand deposits and is engaged in the business of making commercial loans or any institution that is defined as an insured bank in section 3(h) of the Federal Deposit Insurance Corporation Act. Return to table

 2. Institutions that no longer meet the Regulation Y definition of a bank. Return to table

 3. Interclass changes and sales of branches. Return to table

Table 6A. Reserves of depository institutions, Federal Reserve Bank credit, and related items, year-end 1984–2019 and month-end 2019

Millions of dollars

Period Factors supplying reserve funds
Federal Reserve Bank credit outstanding Gold
stock
Special
drawing rights
certificate
account
Treasury
currency
outstanding 5
Securities
held
outright 1
Repurchase
agreements2
Loans and
other credit
extensions 3
Float Other Federal
Reserve
assets 4
Total 4
1984 167,612 2,015 3,577 833 12,347 186,384 11,096 4,618 16,418
1985 186,025 5,223 3,060 988 15,302 210,598 11,090 4,718 17,075
1986 205,454 16,005 1,565 1,261 17,475 241,760 11,084 5,018 17,567
1987 226,459 4,961 3,815 811 15,837 251,883 11,078 5,018 18,177
1988 240,628 6,861 2,170 1,286 18,803 269,748 11,060 5,018 18,799
1989 233,300 2,117 481 1,093 39,631 276,622 11,059 8,518 19,628
1990 241,431 18,354 190 2,222 39,897 302,091 11,058 10,018 20,402
1991 272,531 15,898 218 731 34,567 323,945 11,059 10,018 21,014
1992 300,423 8,094 675 3,253 30,020 342,464 11,056 8,018 21,447
1993 336,654 13,212 94 909 33,035 383,904 11,053 8,018 22,095
1994 368,156 10,590 223 -716 33,634 411,887 11,051 8,018 22,994
1995 380,831 13,862 135 107 33,303 428,239 11,050 10,168 24,003
1996 393,132 21,583 85 4,296 32,896 451,992 11,048 9,718 24,966
1997 431,420 23,840 2,035 719 31,452 489,466 11,047 9,200 25,543
1998 452,478 30,376 17 1,636 36,966 521,475 11,046 9,200 26,270
1999 478,144 140,640 233 -237 35,321 654,100 11,048 6,200 28,013
2000 511,833 43,375 110 901 36,467 592,686 11,046 2,200 31,643
2001 551,685 50,250 34 -23 37,658 639,604 11,045 2,200 33,017
2002 629,416 39,500 40 418 39,083 708,457 11,043 2,200 34,597
2003 666,665 43,750 62 -319 40,847 751,005 11,043 2,200 35,468
2004 717,819 33,000 43 925 42,219 794,007 11,045 2,200 36,434
2005 744,215 46,750 72 885 39,611 831,532 11,043 2,200 36,540
2006 778,915 40,750 67 -333 39,895 859,294 11,041 2,200 38,206
2007 740,611 46,500 72,636 -19 41,799 901,528 11,041 2,200 38,681
2008 495,629 80,000 1,605,848 -1,494 43,553 2,223,537 11,041 2,200 38,674
2009 1,844,838 0 281,095 -2,097 92,811 2,216,647 11,041 5,200 42,691
2010 2,161,094 0 138,311 -1,421 110,255 2,408,240 11,041 5,200 43,542
2011 2,605,124 0 144,098 -631 152,568 2,901,159 11,041 5,200 44,198
2012 2,669,589 0 11,867 -486 218,296 2,899,266 11,041 5,200 44,751
2013 3,756,158 0 2,177 -962 246,947 4,004,320 11,041 5,200 45,493
2014 4,236,873 0 3,351 -555 239,238 4,478,908 11,041 5,200 46,301
2015 4,241,958 0 2,830 -36 221,448 4,466,199 11,041 5,200 47,567
2016 4,221,187 0 7,325 -804 206,551 4,434,259 11,041 5,200 48,536
2017 4,223,528 0 13,914 -920 194,288 4,430,809 11,041 5,200 49,381
2018 3,862,079 0 4,269 -770 173,324 4,038,902 11,041 5,200 49,801
2019 3,739,957 255,619 3,770 -643 156,304 4,155,007 11,041 5,200 50,138
2019, month-end
Jan 3,830,024 0 90 -861 176,630 4,005,883 11,041 5,200 49,871
Feb 3,785,388 0 87 -752 163,911 3,948,634 11,041 5,200 49,888
Mar 3,770,700 0 1,376 -789 167,790 3,939,077 11,041 5,200 49,909
Apr 3,701,709 0 91 -827 169,535 3,870,508 11,041 5,200 49,942
May 3,667,413 0 211 -564 160,482 3,827,542 11,041 5,200 49,991
Jun 3,645,427 0 132 -821 164,411 3,809,149 11,041 5,200 50,023
Jul 3,594,822 0 143 -818 166,149 3,760,296 11,041 5,200 50,020
Aug 3,587,084 0 972 -528 155,285 3,742,813 11,041 5,200 50,025
Sep 3,582,935 202,500 1,080 -744 157,979 3,943,750 11,041 5,200 50,081
Oct 3,623,607 228,183 77 -718 162,165 4,013,314 11,041 5,200 50,064
Nov 3,674,577 207,743 65 -419 153,581 4,035,547 11,041 5,200 50,120
Dec 3,739,957 255,619 3,770 -643 156,304 4,155,007 11,041 5,200 50,138

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

 1. Includes U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities. U.S. Treasury securities and federal agency debt securities include securities lent to dealers, which are fully collateralized by U.S. Treasury securities, federal agency securities, and other highly rated debt securities. Return to table

 2. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and agency mortgage-backed securities. Return to table

 3. As of 2015, includes only central bank liquidity swaps; primary, seasonal, and secondary credit; and net portfolio holdings of Maiden Lane LLC. For disaggregated loans and other credit extensions from 1984 to 2014, refer to "Table 6B. Loans and other credit extensions, by type, year-end 1984–2014 and month-end 2014" of the 2014 Annual Report. Return to table

 4. As of 2013, unamortized discounts on securities held outright are included as a component of Other Federal Reserve assets. Previously, they were included in Other Federal Reserve liabilities and capital. Return to table

 5. Includes currency and coin (other than gold) issued directly by the U.S. Treasury. The largest components are fractional and dollar coins. For details, refer to "U.S. Currency and Coin Outstanding and in Circulation," Treasury Bulletin. Return to table

Table 6A. Reserves of depository institutions, Federal Reserve Bank credit, and related items, year-end 1984–2019 and month-end 2019
Period Factors absorbing reserve funds Reserve
balances
with Federal
Reserve
Banks
Currency in
circulation
Reverse
repurchase
agreements 6
Treasury
cash
holdings 7
Deposits with Federal Reserve Banks, other than reserve balances Required
clearing
balances 9
Other Federal
Reserve
liabilities
and capital 4,10
Term
deposits
Treasury
general
account
Treasury
supplementary
financing
account
Foreign Other 8
1984 183,796 0 513 n/an/a 5,316 n/a 253 867 1,126 5,952 20,693
1985 197,488 0 550 n/a 9,351 n/a 480 1,041 1,490 5,940 27,141
1986 211,995 0 447 n/a 7,588 n/a 287 917 1,812 6,088 46,295
1987 230,205 0 454 n/a 5,313 n/a 244 1,027 1,687 7,129 40,097
1988 247,649 0 395 n/a 8,656 n/a 347 548 1,605 7,683 37,742
1989 260,456 0 450 n/a 6,217 n/a 589 1,298 1,618 8,486 36,713
1990 286,963 0 561 n/a 8,960 n/a 369 528 1,960 8,147 36,081
1991 307,756 0 636 n/a 17,697 n/a 968 1,869 3,946 8,113 25,051
1992 334,701 0 508 n/a 7,492 n/a 206 653 5,897 7,984 25,544
1993 365,271 0 377 n/a 14,809 n/a 386 636 6,332 9,292 27,967
1994 403,843 0 335 n/a 7,161 n/a 250 1,143 4,196 11,959 25,061
1995 424,244 0 270 n/a 5,979 n/a 386 2,113 5,167 12,342 22,960
1996 450,648 0 249 n/a 7,742 n/a 167 1,178 6,601 13,829 17,310
1997 482,327 0 225 n/a 5,444 n/a 457 1,171 6,684 15,500 23,447
1998 517,484 0 85 n/a 6,086 n/a 167 1,869 6,780 16,354 19,164
1999 628,359 0 109 n/a 28,402 n/a 71 1,644 7,481 17,256 16,039
2000 593,694 0 450 n/a 5,149 n/a 216 2,478 6,332 17,962 11,295
2001 643,301 0 425 n/a 6,645 n/a 61 1,356 8,525 17,083 8,469
2002 687,518 21,091 367 n/a 4,420 n/a 136 1,266 10,534 18,977 11,988
2003 724,187 25,652 321 n/a 5,723 n/a 162 995 11,829 19,793 11,054
2004 754,877 30,783 270 n/a 5,912 n/a 80 1,285 9,963 26,378 14,137
2005 794,014 30,505 202 n/a 4,573 n/a 83 2,144 8,651 30,466 10,678
2006 820,176 29,615 252 n/a 4,708 n/a 98 972 6,842 36,231 11,847
2007 828,938 43,985 259 n/a 16,120 n/a 96 1,830 6,614 41,622 13,986
2008 889,898 88,352 259 n/a 106,123 259,325 1,365 21,221 4,387 48,921 855,599
2009 928,249 77,732 239 n/a 186,632 5,001 2,411 35,262 3,020 63,219 973,814
2010 982,750 59,703 177 0 140,773 199,964 3,337 13,631 2,374 99,602 965,712
2011 1,075,820 99,900 128 0 85,737 0 125 64,909 2,480 72,766 1,559,731
2012 1,169,159 107,188 150 0 92,720 0 6,427 27,476 n/a 66,093 1,491,044
2013 1,241,228 315,924 234 0 162,399 0 7,970 26,181 n/a 63,049 2,249,070
2014 1,342,957 509,837 201 0 223,452 0 5,242 20,320 n/a 61,447 2,377,995
2015 1,424,967 712,401 266 0 333,447 0 5,231 31,212 n/a 45,320 1,977,163
2016 1,509,440 725,210 166 0 399,190 0 5,165 53,248 n/a 46,943 1,759,675
2017 1,618,006 563,958 214 0 228,933 0 5,257 77,762 n/a 47,876 1,954,426
2018 1,719,302 304,012 214 0 402,138 0 5,245 73,073 n/a 45,007 1,555,954
2019 1,807,740 336,649 171 0 403,853 0 5,182 74,075 n/a 44,867 1,548,849
2019, month-end
Jan 1,703,088 257,122 259 0 403,597 0 5,244 58,609 n/a 42,939 1,601,137
Feb 1,712,531 264,433 312 0 290,665 0 5,244 56,029 n/a 43,555 1,641,993
Mar 1,723,662 255,345 336 0 334,012 0 5,243 61,355 n/a 44,484 1,580,789
Apr 1,729,791 269,767 332 0 422,586 0 5,245 52,806 n/a 45,161 1,411,002
May 1,738,428 289,429 247 2,700 232,874 0 5,245 62,083 n/a 44,922 1,517,849
Jun 1,743,133 335,372 184 0 263,709 0 5,245 60,976 n/a 45,345 1,421,452
Jul 1,747,776 308,710 176 0 176,662 0 5,254 52,854 n/a 44,578 1,490,546
Aug 1,759,939 308,890 157 0 133,091 0 5,280 60,290 n/a 44,027 1,497,406
Sep 1,762,514 313,368 180 0 382,483 0 5,186 74,318 n/a 44,768 1,427,255
Oct 1,781,164 302,284 196 0 434,942 0 5,185 59,580 n/a 44,679 1,451,591
Nov 1,793,165 287,729 185 0 342,618 0 5,185 57,849 n/a 44,868 1,570,310
Dec 1,807,740 336,649 171 0 403,853 0 5,182 74,075 n/a 44,867 1,548,849

 6. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and agency mortgage-backed securities. Return to table

 7. Coin and paper currency held by the Treasury. Return to table

 8. As of 2014, includes deposits of designated financial market utilities. Return to table

 9. Required clearing balances were discontinued in July 2012. Return to table

 10. In 2010, includes funds from American International Group, Inc. asset dispositions, held as agent. Return to table

n/a Not applicable.

Table 6B. Reserves of depository institutions, Federal Reserve Bank credit, and related items, year-end 1918–1983

Millions of dollars

Period Factors supplying reserve funds
Federal Reserve Bank credit outstanding Gold
stock 6
Special
drawing
rights
certificate
account
Treasury
currency
outstanding 7
Securities
held
outright 1
Repurchase
agreements2
Loans Float 3 All
other 4
Other
Federal
Reserve
assets 5
Total
1918 239 0 1,766 199 294 0 2,498 2,873 n/a n/a 1,795
1919 300 0 2,215 201 575 0 3,292 2,707 n/a 1,707
1920 287 0 2,687 119 262 0 3,355 2,639 n/a 1,709
1921 234 0 1,144 40 146 0 1,563 3,373 n/a 1,842
1922 436 0 618 78 273 0 1,405 3,642 n/a 1,958
1923 80 54 723 27 355 0 1,238 3,957 n/a 2,009
1924 536 4 320 52 390 0 1,302 4,212 n/a 2,025
1925 367 8 643 63 378 0 1,459 4,112 n/a 1,977
1926 312 3 637 45 384 0 1,381 4,205 n/a 1,991
1927 560 57 582 63 393 0 1,655 4,092 n/a 2,006
1928 197 31 1,056 24 500 0 1,809 3,854 n/a 2,012
1929 488 23 632 34 405 0 1,583 3,997 n/a 2,022
1930 686 43 251 21 372 0 1,373 4,306 n/a 2,027
1931 775 42 638 20 378 0 1,853 4,173 n/a 2,035
1932 1,851 4 235 14 41 0 2,145 4,226 n/a 2,204
1933 2,435 2 98 15 137 0 2,688 4,036 n/a 2,303
1934 2,430 0 7 5 21 0 2,463 8,238 n/a 2,511
1935 2,430 1 5 12 38 0 2,486 10,125 n/a 2,476
1936 2,430 0 3 39 28 0 2,500 11,258 n/a 2,532
1937 2,564 0 10 19 19 0 2,612 12,760 n/a 2,637
1938 2,564 0 4 17 16 0 2,601 14,512 n/a 2,798
1939 2,484 0 7 91 11 0 2,593 17,644 n/a 2,963
1940 2,184 0 3 80 8 0 2,274 21,995 n/a 3,087
1941 2,254 0 3 94 10 0 2,361 22,737 n/a 3,247
1942 6,189 0 6 471 14 0 6,679 22,726 n/a 3,648
1943 11,543 0 5 681 10 0 12,239 21,938 n/a 4,094
1944 18,846 0 80 815 4 0 19,745 20,619 n/a 4,131
1945 24,262 0 249 578 2 0 25,091 20,065 n/a 4,339
1946 23,350 0 163 580 1 0 24,093 20,529 n/a 4,562
1947 22,559 0 85 535 1 0 23,181 22,754 n/a 4,562
1948 23,333 0 223 541 1 0 24,097 24,244 n/a 4,589
1949 18,885 0 78 534 2 0 19,499 24,427 n/a 4,598
1950 20,725 53 67 1,368 3 0 22,216 22,706 n/a 4,636
1951 23,605 196 19 1,184 5 0 25,009 22,695 n/a 4,709
1952 24,034 663 156 967 4 0 25,825 23,187 n/a 4,812
1953 25,318 598 28 935 2 0 26,880 22,030 n/a 4,894
1954 24,888 44 143 808 1 0 25,885 21,713 n/a 4,985
1955 24,391 394 108 1,585 29 0 26,507 21,690 n/a 5,008
1956 24,610 305 50 1,665 70 0 26,699 21,949 n/a 5,066
1957 23,719 519 55 1,424 66 0 25,784 22,781 n/a 5,146
1958 26,252 95 64 1,296 49 0 27,755 20,534 n/a 5,234
1959 26,607 41 458 1,590 75 0 28,771 19,456 n/a 5,311
1960 26,984 400 33 1,847 74 0 29,338 17,767 n/a 5,398
1961 28,722 159 130 2,300 51 0 31,362 16,889 n/a 5,585
1962 30,478 342 38 2,903 110 0 33,871 15,978 n/a 5,567
1963 33,582 11 63 2,600 162 0 36,418 15,513 n/a 5,578
1964 36,506 538 186 2,606 94 0 39,930 15,388 n/a 5,405
1965 40,478 290 137 2,248 187 0 43,340 13,733 n/a 5,575
1966 43,655 661 173 2,495 193 0 47,177 13,159 n/a 6,317
1967 48,980 170 141 2,576 164 0 52,031 11,982 n/a 6,784
1968 52,937 0 186 3,443 58 0 56,624 10,367 n/a 6,795
1969 57,154 0 183 3,440 64 2,743 63,584 10,367 n/a 6,852
1970 62,142 0 335 4,261 57 1,123 67,918 10,732 400 7,147
1971 69,481 1,323 39 4,343 261 1,068 76,515 10,132 400 7,710
1972 71,119 111 1,981 3,974 106 1,260 78,551 10,410 400 8,313
1973 80,395 100 1,258 3,099 68 1,152 86,072 11,567 400 8,716
1974 84,760 954 299 2,001 999 3,195 92,208 11,652 400 9,253
1975 92,789 1,335 211 3,688 1,126 3,312 102,461 11,599 500 10,218
1976 100,062 4,031 25 2,601 991 3,182 110,892 11,598 1,200 10,810
1977 108,922 2,352 265 3,810 954 2,442 118,745 11,718 1,250 11,331
1978 117,374 1,217 1,174 6,432 587 4,543 131,327 11,671 1,300 11,831
1979 124,507 1,660 1,454 6,767 704 5,613 140,705 11,172 1,800 13,083
1980 128,038 2,554 1,809 4,467 776 8,739 146,383 11,160 2,518 13,427
1981 136,863 3,485 1,601 1,762 195 9,230 153,136 11,151 3,318 13,687
1982 144,544 4,293 717 2,735 1,480 9,890 163,659 11,148 4,618 13,786
1983 159,203 1,592 918 1,605 418 8,728 172,464 11,121 4,618 15,732

Note: For a description of figures and discussion of their significance, see Banking and Monetary Statistics, 1941–1970 (Board of Governors of the Federal Reserve System, 1976), pp. 507–23. Components may not sum to totals because of rounding.

 1. In 1969 and thereafter, includes securities loaned—fully guaranteed by U.S. government securities pledged with Federal Reserve Banks—and excludes securities sold and scheduled to be bought back under matched sale–purchase transactions. On September 29, 1971, and thereafter, includes federal agency issues bought outright. Return to table

 2. On December 1, 1966, and thereafter, includes federal agency obligations held under repurchase agreements. Return to table

 3. In 1960 and thereafter, figures reflect a minor change in concept; refer to Federal Reserve Bulletin, vol. 47 (February 1961), p. 164. Return to table

 4. Principally acceptances and, until August 21, 1959, industrial loans, the authority for which expired on that date. Return to table

 5. For the period before April 16, 1969, includes the total of Federal Reserve capital paid in, surplus, other capital accounts, and other liabilities and accrued dividends, less the sum of bank premises and other assets, and is reported as "Other Federal Reserve accounts"; thereafter, "Other Federal Reserve assets" and "Other Federal Reserve liabilities and capital" are shown separately. Return to table

 6. Before January 30, 1934, includes gold held in Federal Reserve Banks and in circulation. Return to table

 7. Includes currency and coin (other than gold) issued directly by the Treasury. The largest components are fractional and dollar coins. For details refer to ‘‘U.S. Currency and Coin Outstanding and in Circulation,'' Treasury Bulletin. Return to table

n/a Not applicable.

Table 6B. Reserves of depository institutions, Federal Reserve Bank credit, and related items, year-end 1918–1983

Millions of dollars

Period Factors absorbing reserve funds Member bank reserves 9
Currency
in
circulation
Treasury
cash
holdings 8
Deposits with Federal Reserve Banks,
other than reserve balances
Other
Federal
Reserve
accounts 5
Required
clearing
balances
Other
Federal
Reserve
liabilities
and capital 5
Treasury Foreign Other With
Federal
Reserve
Banks
Currency
and
coin 10
Required 11 Excess 11, 12
1918 4,951 288 51 96 25 118 0 0 1,636 n/a n/a 1,585 51
1919 5,091 385 31 73 28 208 0 0 1,890 n/a 1,822 68
1920 5,325 218 57 5 18 298 0 0 1,781 n/a n/a n/a
1921 4,403 214 96 12 15 285 0 0 1,753 n/a 1,654 99
1922 4,530 225 11 3 26 276 0 0 1,934 n/a n/a n/a
1923 4,757 213 38 4 19 275 0 0 1,898 n/a 1,884 14
1924 4,760 211 51 19 20 258 0 0 2,220 n/a 2,161 59
1925 4,817 203 16 8 21 272 0 0 2,212 n/a 2,256 -44
1926 4,808 201 17 46 19 293 0 0 2,194 n/a 2,250 -56
1927 4,716 208 18 5 21 301 0 0 2,487 n/a 2,424 63
1928 4,686 202 23 6 21 348 0 0 2,389 n/a 2,430 -41
1929 4,578 216 29 6 24 393 0 0 2,355 n/a 2,428 -73
1930 4,603 211 19 6 22 375 0 0 2,471 n/a 2,375 96
1931 5,360 222 54 79 31 354 0 0 1,961 n/a 1,994 -33
1932 5,388 272 8 19 24 355 0 0 2,509 n/a 1,933 576
1933 5,519 284 3 4 128 360 0 0 2,729 n/a 1,870 859
1934 5,536 3,029 121 20 169 241 0 0 4,096 n/a 2,282 1,814
1935 5,882 2,566 544 29 226 253 0 0 5,587 n/a 2,743 2,844
1936 6,543 2,376 244 99 160 261 0 0 6,606 n/a 4,622 1,984
1937 6,550 3,619 142 172 235 263 0 0 7,027 n/a 5,815 1,212
1938 6,856 2,706 923 199 242 260 0 0 8,724 n/a 5,519 3,205
1939 7,598 2,409 634 397 256 251 0 0 11,653 n/a 6,444 5,209
1940 8,732 2,213 368 1,133 599 284 0 0 14,026 n/a 7,411 6,615
1941 11,160 2,215 867 774 586 291 0 0 12,450 n/a 9,365 3,085
1942 15,410 2,193 799 793 485 256 0 0 13,117 n/a 11,129 1,988
1943 20,449 2,303 579 1,360 356 339 0 0 12,886 n/a 11,650 1,236
1944 25,307 2,375 440 1,204 394 402 0 0 14,373 n/a 12,748 1,625
1945 28,515 2,287 977 862 446 495 0 0 15,915 n/a 14,457 1,458
1946 28,952 2,272 393 508 314 607 0 0 16,139 n/a 15,577 562
1947 28,868 1,336 870 392 569 563 0 0 17,899 n/a 16,400 1,499
1948 28,224 1,325 1123 642 547 590 0 0 20,479 n/a 19,277 1,202
1949 27,600 1,312 821 767 750 706 0 0 16,568 n/a 15,550 1,018
1950 27,741 1,293 668 895 565 714 0 0 17,681 n/a 16,509 1,172
1951 29,206 1,270 247 526 363 746 0 0 20,056 n/a 19,667 389
1952 30,433 1,270 389 550 455 777 0 0 19,950 n/a 20,520 -570
1953 30,781 761 346 423 493 839 0 0 20,160 n/a 19,397 763
1954 30,509 796 563 490 441 907 0 0 18,876 n/a 18,618 258
1955 31,158 767 394 402 554 925 0 0 19,005 n/a 18,903 102
1956 31,790 775 441 322 426 901 0 0 19,059 n/a 19,089 -30
1957 31,834 761 481 356 246 998 0 0 19,034 n/a 19,091 -57
1958 32,193 683 358 272 391 1,122 0 0 18,504 n/a 18,574 -70
1959 32,591 391 504 345 694 841 0 0 18,174 310 18,619 -135
1960 32,869 377 485 217 533 941 0 0 17,081 2,544 18,988 637
1961 33,918 422 465 279 320 1,044 0 0 17,387 2,823 20,114 96
1962 35,338 380 597 247 393 1,007 0 0 17,454 3,262 20,071 645
1963 37,692 361 880 171 291 1,065 0 0 17,049 4,099 20,677 471
1964 39,619 612 820 229 321 1,036 0 0 18,086 4,151 21,663 574
1965 42,056 760 668 150 355 211 0 0 18,447 4,163 22,848 -238
1966 44,663 1,176 416 174 588 -147 0 0 19,779 4,310 24,321 -232
1967 47,226 1,344 1,123 135 653 -773 0 0 21,092 4,631 25,905 -182
1968 50,961 695 703 216 747 -1,353 0 0 21,818 4,921 27,439 -700
1969 53,950 596 1,312 134 807 0 0 1,919 22,085 5,187 28,173 -901
1970 57,093 431 1,156 148 1,233 0 0 1,986 24,150 5,423 30,033 -460
1971 61,068 460 2,020 294 999 0 0 2,131 27,788 5,743 32,496 1,035
1972 66,516 345 1,855 325 840 0 0 2,143 25,647 6,216 32,044 98
1973 72,497 317 2,542 251 1,14913 0 0 2,669 27,060 6,781 35,268 -1,360
1974 79,743 185 3,113 418 1,275 13 0 0 2,935 25,843 7,370 37,011 -3,798
1975 86,547 483 7,285 353 1,090 0 0 2,968 26,052 8,036 35,197 -1,103 14
1976 93,717 460 10,393 352 1,357 0 0 3,063 25,158 8,628 35,461 -1,535
1977 103,811 392 7,114 379 1,187 0 0 3,292 26,870 9,421 37,615 -1,265
1978 114,645 240 4,196 368 1,256 0 0 4,275 31,152 10,538 42,694 -893
1979 125,600 494 4,075 429 1,412 0 0 4,957 29,792 11,429 44,217 -2,835
1980 136,829 441 3,062 411 617 0 0 4,671 27,456 13,654 40,558 675
1981 144,774 443 4,301 505 781 0 117 5,261 25,111 15,576 42,145 -1,442
1982 154,908 429 5,033 328 1,033 0 436 4,990 26,053 16,666 41,391 1,328
1983 171,935 479 3,661 191 851 0 1,013 5,392 20,413 17,821 39,179 -945

 8. Coin and paper currency held by the Treasury, as well as any gold in excess of the gold certificates issued to the Reserve Bank. Return to table

 9. In November 1979 and thereafter, includes reserves of member banks, Edge Act corporations, and U.S. agencies and branches of foreign banks. On November 13, 1980, and thereafter, includes reserves of all depository institutions. Return to table

 10. Between December 1, 1959, and November 23, 1960, part was allowed as reserves; thereafter, all was allowed. Return to table

 11. Estimated through 1958. Before 1929, data were available only on call dates (in 1920 and 1922 the call date was December 29). Since September 12, 1968, the amount has been based on close-of-business figures for the reserve period two weeks before the report date. Return to table

 12. For the week ending November 15, 1972, and thereafter, includes $450 million of reserve deficiencies on which Federal Reserve Banks are allowed to waive penalties for a transition period in connection with bank adaptation to Regulation J as amended, effective November 9, 1972. Allowable deficiencies are as follows (beginning with first statement week of quarter, in millions): 1973—Q1, $279; Q2, $172; Q3, $112; Q4, $84; 1974—Q1, $67; Q2, $58. The transition period ended with the second quarter of 1974. Return to table

 13. For the period before July 1973, includes certain deposits of domestic nonmember banks and foreign-owned banking institutions held with member banks and redeposited in full with Federal Reserve Banks in connection with voluntary participation by nonmember institutions in the Federal Reserve System program of credit restraint. As of December 12, 1974, the amount of voluntary nonmember bank and foreign-agency and branch deposits at Federal Reserve Banks that are associated with marginal reserves is no longer reported. However, two amounts are reported: (1) deposits voluntarily held as reserves by agencies and branches of foreign banks operating in the United States and (2) Eurodollar liabilities. Return to table

 14. Adjusted to include waivers of penalties for reserve deficiencies, in accordance with change in Board policy, effective November 19, 1975. Return to table

n/a Not applicable.

Table 7. Principal assets and liabilities of insured commercial banks, June 30, 2019 and 2018

Millions of dollars, except as noted

Item Total Member banks Nonmember banks
Total National State
2019
Assets
Loans and investments 12,443,509 10,118,248 7,977,652 2,140,595 2,325,261
Loans, gross 9,068,412 7,171,573 5,640,139 1,531,434 1,896,840
Net 9,066,365 7,170,232 5,639,086 1,531,147 1,896,133
Investments 3,375,097 2,946,675 2,337,514 609,161 428,422
U.S. government securities 517,970 490,846 421,415 69,430 27,125
Other 2,857,127 2,455,830 1,916,098 539,731 401,297
Cash assets, total 1,044,605 894,894 708,430 186,464 149,711
Liabilities
Deposits, total 11,764,419 9,668,697 7,666,782 2,001,915 2,095,722
Interbank 257,171 234,836 191,275 43,561 22,335
Other transactions 1,923,551 1,577,691 1,196,523 381,168 345,860
Other nontransactions 9,583,697 7,856,170 6,278,984 1,577,186 1,727,527
Equity capital 1,955,665 1,627,674 1,287,905 339,769 327,991
Number of banks 4,621 1,542 798 744 3,079
2018
Assets
Loans and investments 5,907,809 5,241,536 4,234,375 1,007,161 666,273
Loans, gross 2,675,200 2,429,625 2,010,677 418,948 245,575
Net 8,644,535 6,865,766 5,447,506 1,418,260 1,778,769
Investments 3,232,609 2,811,910 2,223,698 588,212 420,699
U.S. government securities 459,324 437,362 361,754 75,608 21,962
Other 2,773,285 2,374,548 1,861,944 512,604 398,737
Cash assets, total 1,316,967 1,175,060 949,841 225,219 141,907
Liabilities
Deposits, total 11,255,144 9,273,433 7,396,328 1,877,105 1,981,711
Interbank 276,635 254,325 216,231 38,093 22,311
Other transactions 1,870,726 1,527,427 1,148,234 379,193 343,299
Other nontransactions 9,107,783 7,491,681 6,031,862 1,459,819 1,616,102
Equity capital 1,846,258 1,547,855 1,237,179 310,676 298,402
Number of banks 4,824 1,613 850 763 3,211

Note: Includes U.S.-insured commercial banks located in the United States but not U.S.-insured commercial banks operating in U.S. territories or possessions. Data are domestic assets and liabilities (except for those components reported on a consolidated basis only). Components may not sum to totals because of rounding. Data for 2018 have been revised.

Table 8. Initial margin requirements under Regulations T, U, and X

Percent of market value

Effective date Margin
stocks
Convertible bonds Short
sales,
T only 1
1934, Oct. 1 25–45 n/a n/a n/a
1936, Feb. 1 25–55 n/a n/a
1936, Apr. 1 55 n/a n/a
1937, Nov. 1 40 n/a 50
1945, Feb. 5 50 n/a 50
1945, July 5 75 n/a 75
1946, Jan. 21 100 n/a 100
1947, Feb. 1 75 n/a 75
1949, Mar. 3 50 n/a 50
1951, Jan. 17 75 n/a 75
1953, Feb. 20 50 n/a 50
1955, Jan. 4 60 n/a 60
1955, Apr. 23 70 n/a 70
1958, Jan. 16 50 n/a 50
1958, Aug. 5 70 n/a 70
1958, Oct. 16 90 n/a 90
1960, July 28 70 n/a 70
1962, July 10 50 n/a 50
1963, Nov. 6 70 n/a 70
1968, Mar. 11 70 50 70
1968, June 8 80 60 80
1970, May 6 65 50 65
1971, Dec. 6 55 50 55
1972, Nov. 24 65 50 65
1974, Jan. 3 50 50 50

Note: These regulations, adopted by the Board of Governors pursuant to the Securities Exchange Act of 1934, limit the amount of credit that may be extended for the purpose of purchasing or carrying margin securities (as defined in the regulations) when the loan is collateralized by such securities. The margin requirement, expressed as a percentage, is the difference between the market value of the securities being purchased or carried (100 percent) and the maximum loan value of the collateral as prescribed by the Board. Regulation T was adopted effective October 1, 1934; Regulation U, effective May 1, 1936; and Regulation X, effective November 1, 1971. The former Regulation G, which was adopted effective March 11, 1968, was merged into Regulation U, effective April 1, 1998.

 1. From October 1, 1934, to October 31, 1937, the requirement was the margin "customarily required" by the brokers and dealers. Return to table

n/a Not applicable.

Table 9A. Statement of condition of the Federal Reserve Banks, by Bank, December 31, 2019 and 2018

Millions of dollars

Item Total Boston New York Philadelphia Cleveland Richmond
2019 2018 2019 2018 2019 2018 2019 2018 2019 2018 2019 2018
Assets
Gold certificates 11,037 11,037 351 364 3,707 3,626 327 350 531 544 754 773
Special drawing rights certificates 5,200 5,200 196 196 1,818 1,818 210 210 237 237 412 412
Coin 1,657 1,726 40 41 41 39 146 148 100 124 220 236
Loans and securities
Primary, secondary,
and seasonal loans
42 61 * * 8 10 * 0 * 0 * 0 *
Securities purchased under agreements
to resell1
255,619 0 5,303 0 139,458 0 6,190 0 7,479 0 15,643 0
Treasury securities, bought outright2 2,328,933 2,222,547 48,316 42,448 1,270,598 1,227,018 56,399 56,115 68,139 63,010 142,522 131,522
Government-sponsored enterprise debt securities, bought outright 2 2,347 2,409 49 46 1,280 1,330 57 61 69 68 144 142
Federal agency and government-
sponsored enterprise mortgage-backed securities, bought outright3
1,408,677 1,637,123 29,225 31,267 768,533 903,819 34,113 41,334 41,214 46,413 86,206 96,879
Unamortized
premiums on securities held outright4
124,577 140,083 2,584 2,676 67,965 77,336 3,017 3,536 3,645 3,972 7,624 8,290
Unamortized discounts on securities held outright 4 -13,284 -13,427 -276 -256 -7,247 -7,413 -322 -339 -389 -380 -813 -795
Total loans and securities 4,106,911 3,988,796 85,201 76,189 2,240,597 2,202,090 99,454 100,707 120,157 113,083 251,326 236,038
Accrued interest receivable - System Open Market Account 20,746 22,236 432 426 11,303 12,258 505 564 610 634 1,280 1,328
Foreign currency denominated investments5 20,711 20,906 892 890 6,572 6,590 1,197 1,188 1,653 1,687 4,416 4,517
Central bank liquidity swaps 6 3,728 4,207 161 179 1,183 1,326 215 239 298 340 795 909
Other SOMA assets * * * * * * * * * * * *
Other assets
Items in process of collection 82 236 0 * * * 1 * * 0 * 0
Bank premises 2,211 2,218 105 109 463 468 92 82 119 118 193 195
All other assets7 1,358 1,318 43 50 335 324 29 29 56 55 307 283
Interdistrict settlement account 0 0 22,285 27,157 -164,555 -165,634 -16,586 -670 17,803 8,181 17,982 25,831
Total assets 4,173,641 4,057,880 109,706 105,601 2,101,464 2,062,905 85,590 102,847 141,564 125,003 277,685 270,522
Liabilities
Federal Reserve notes outstanding 1,955,848 1,861,768 60,820 57,940 639,066 615,087 57,605 54,893 94,047 88,686 133,974 125,630
Less: Notes held by Federal Reserve Bank 196,421 190,331 5,475 5,686 51,623 55,968 7,978 6,600 8,280 7,740 15,317 12,341
Federal Reserve notes outstanding, net 1,759,427 1,671,437 55,345 52,254 587,443 559,119 49,627 48,293 85,767 80,946 118,657 113,289
Securities sold under agreements to repurchase 1 336,649 304,012 6,984 5,806 183,666 167,838 8,152 7,676 9,849 8,619 20,602 17,990
Deposits
Depository institutions 1,548,849 1,555,954 45,313 45,654 884,120 891,753 26,040 44,391 42,395 32,030 129,285 129,765
Treasury, general account 403,853 402,138 n/a n/a 403,853 402,138 n/a n/a n/a n/a n/a n/a
Foreign, official
accounts
5,182 5,245 2 2 5,154 5,217 2 2 3 3 9 9
Other8 74,074 73,072 65 18 21,584 22,013 0 1 37 20 346 478
Total deposits 2,031,958 2,036,409 45,380 45,665 1,314,711 1,321,121 26,042 44,394 42,435 32,053 129,640 130,252
Other liabilities
Accrued remittances to the Treasury9 2,114 1,597 14 33 947 612 221 47 40 86 155 174
Deferred credit items 725 1,006 0 * 0 * 0 * 0 * 0 *
All other liabilities 10 4,245 4,259 154 157 1,751 1,789 162 174 181 173 500 467
Total liabilities 4,135,118 4,018,720 107,877 103,915 2,088,518 2,050,479 84,204 100,584 138,272 121,877 269,554 262,172
Capital accounts
Capital paid-in 31,698 32,335 1,505 1,393 10,653 10,260 1,141 1,869 2,709 2,581 6,690 6,895
Surplus (including accumulated other comprehensive loss) 6,825 6,825 324 293 2,294 2,166 246 394 583 545 1,441 1,455
Total liabilities and capital accounts 4,173,641 4,057,880 109,706 105,601 2,101,465 2,062,905 85,591 102,847 141,564 125,003 277,685 270,522

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

 1. Contract amount of agreements. Return to table

 2. Par value. Includes securities loaned—fully collateralized by U.S. Treasury securities, other investment-grade securities, and collateral eligible for tri-party repurchase agreements pledged with Federal Reserve Banks. Return to table

 3. The par amount shown is the remaining principal balance of the securities. Return to table

 4. 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. Return to table

 5. Valued daily at market exchange rates. Return to table

 6. 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. Return to table

 7. Includes furniture and equipment, depository institution overdrafts, and net portfolio holdings of the consolidated variable interest entity. Return to table

 8. Includes deposits of government-sponsored enterprises (GSEs), the Consumer Financial Protection Bureau, international organizations, and designated financial market utilities. Return to table

 9. Represents the estimated weekly remittances to the U.S. Treasury. Return to table

 10. Includes accrued benefit costs and cash collateral posted by counterparties under commitments to purchase and sell federal agency and GSE MBS. Return to table

* Less than $500,000.

n/a Not applicable.

Table 9A. Statement of condition of the Federal Reserve Banks, by Bank, December 31, 2019 and 2018

Millions of dollars

Item Atlanta Chicago St. Louis Minneapolis Kansas City Dallas San Francisco
2019 2018 2019 2018 2019 2018 2019 2018 2019 2018 2019 2018 2019 2018
Assets
Gold certificates 1,560 1,491 711 739 328 334 186 199 292 307 890 905 1,400 1,405
Special drawing rights certificates 654 654 424 424 150 150 90 90 153 153 282 282 574 574
Coin 169 180 276 285 31 27 48 46 113 111 192 197 282 293
Loans and securities
Primary, secondary,
and seasonal loans
1 6 19 33 1 1 9 13 1 * * * 1 *
Securities purchased under agreements
to resell1
17,477 0 13,418 0 3,674 0 2,212 0 3,790 0 11,099 0 29,875 0
Treasury securities, bought outright2 159,236 133,413 122,249 119,035 33,473 29,589 20,153 18,547 34,534 34,988 101,125 91,902 272,189 274,961
Government-sponsored enterprise debt securities, bought outright 2 160 145 123 129 34 32 20 20 35 38 102 100 274 298
Federal agency and government-
sponsored enterprise mortgage-backed securities, bought outright 3
96,316 98,271 73,943 87,681 20,246 21,796 12,190 13,662 20,888 25,772 61,166 67,695 164,636 202,535
Unamortized
premiums on securities held outright 4
8,518 8,409 6,539 7,503 1,790 1,865 1,078 1,169 1,847 2,205 5,409 5,792 14,560 17,331
Unamortized discounts on securities held outright 4 -908 -807 -697 -720 -191 -179 -115 -112 -197 -211 -577 -556 -1,553 -1,662
Total loans and securities 280,800 239,437 215,594 213,661 59,027 53,104 35,547 33,299 60,898 62,792 178,324 164,933 479,982 493,463
Accrued interest receivable - System Open Market Account 1,418 1,335 1,088 1,190 298 296 179 185 307 350 899 917 2,427 2,753
Foreign currency denominated investments 5 1,204 1,208 865 886 316 302 98 96 201 207 256 259 3,041 3,077
Central bank liquidity swaps6 217 243 156 178 57 61 18 19 36 42 46 52 547 619
Other assets
Items in process of collection 81 236 * 0 0 0 * * * * 0 0 * 0
Bank premises 203 206 194 194 102 107 93 95 228 232 224 221 196 192
All other assets 7 80 84 46 47 107 105 66 62 103 84 57 55 130 136
Interdistrict settlement account 32,067 46,747 32,779 15,866 10,206 10,352 4,961 3,559 12,287 1,277 23,822 18,270 6,951 9,064
Total assets 318,453 291,821 252,133 233,470 70,622 64,838 41,286 37,650 74,618 65,555 204,992 186,091 495,530 511,576
Liabilities
Federal Reserve notes outstanding 273,526 262,457 126,522 121,764 59,561 56,057 31,925 31,497 54,132 49,969 164,272 150,909 260,398 246,879
Less: Notes held by Federal Reserve Bank 29,567 28,508 11,593 13,680 4,775 5,129 2,837 2,561 6,680 5,440 18,681 17,032 33,616 29,646
Federal Reserve notes outstanding, net 243,959 233,949 114,929 108,084 54,786 50,928 29,088 28,936 47,452 44,529 145,591 133,877 226,782 217,233
Securities sold under agreements to repurchase 1 23,018 18,249 17,671 16,282 4,839 4,047 2,913 2,537 4,992 4,786 14,618 12,571 39,345 37,611
Deposits
Depository institutions 47,428 35,885 69,052 57,527 10,200 9,099 8,744 5,767 19,336 15,020 43,935 38,673 223,003 250,400
Treasury, general account n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Foreign, official
accounts
2 3 2 2 1 1 * * * * * * 6 6
Other 8 913 30 48,592 49,569 3 6 103 72 2,256 675 74 187 102 1
Total deposits 48,343 35,918 117,646 107,098 10,204 9,106 8,847 5,839 21,592 15,695 44,009 38,860 223,111 250,407
Other liabilities
Accrued remittances to the Treasury 9 256 170 90 75 41 35 3 20 13 43 123 96 212 207
Deferred credit items 713 1,006 0 0 0 0 * 0 12 * 0 0 0 0
All other liabilities 10 254 252 301 296 120 125 134 132 151 123 194 202 344 369
Total liabilities 316,543 289,544 250,637 231,835 69,990 64,241 40,985 37,464 74,212 65,176 204,535 185,606 489,794 505,827
Capital accounts
Capital paid-in 1,572 1,880 1,231 1,350 520 493 248 154 334 313 376 400 4,720 4,747
Surplus (including accumulated other comprehensive loss) 338 397 265 285 112 104 53 32 72 66 81 85 1,016 1,002
Total liabilities and capital accounts 318,453 291,821 252,133 233,470 70,622 64,838 41,286 37,650 74,618 65,555 204,992 186,091 495,530 511,576

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

 1. Contract amount of agreements. Return to table

 2. Par value. Includes securities loaned—fully collateralized by U.S. Treasury securities, other investment-grade securities, and collateral eligible for tri-party repurchase agreements pledged with Federal Reserve Banks. Return to table

 3. The par amount shown is the remaining principal balance of the securities. Return to table

 4. 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. Return to table

 5. Valued daily at market exchange rates. Return to table

 6. 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. Return to table

 7. Includes furniture and equipment, depository institution overdrafts, and net portfolio holdings of the consolidated variable interest entity. Return to table

 8. Includes deposits of government-sponsored enterprises (GSEs), the Consumer Financial Protection Bureau, international organizations, and designated financial market utilities. Return to table

 9. Represents the estimated weekly remittances to the U.S. Treasury. Return to table

 10. Includes accrued benefit costs and cash collateral posted by counterparties under commitments to purchase and sell federal agency and GSE MBS. Return to table

* Less than $500,000.

n/a Not applicable.

Table 9A. Statement of condition of the Federal Reserve Banks, by Bank, December 31, 2019 and 2018

Millions of dollars

Item Atlanta Chicago St. Louis Minneapolis Kansas City Dallas San Francisco
2019 2018 2019 2018 2019 2018 2019 2018 2019 2018 2019 2018 2019 2018
Assets
Gold certificates 1,560 1,491 711 739 328 334 186 199 292 307 890 905 1,400 1,405
Special drawing rights certificates 654 654 424 424 150 150 90 90 153 153 282 282 574 574
Coin 169 180 276 285 31 27 48 46 113 111 192 197 282 293
Loans and securities
Primary, secondary,
and seasonal loans
1 6 19 33 1 1 9 13 1 * * * 1 *
Securities purchased under agreements
to resell 1
17,477 0 13,418 0 3,674 0 2,212 0 3,790 0 11,099 0 29,875 0
Treasury securities, bought outright 2 159,236 133,413 122,249 119,035 33,473 29,589 20,153 18,547 34,534 34,988 101,125 91,902 272,189 274,961
Government-sponsored enterprise debt securities, bought outright 2 160 145 123 129 34 32 20 20 35 38 102 100 274 298
Federal agency and government-
sponsored enterprise mortgage-backed securities, bought outright 3
96,316 98,271 73,943 87,681 20,246 21,796 12,190 13,662 20,888 25,772 61,166 67,695 164,636 202,535
Unamortized
premiums on securities held outright4
8,518 8,409 6,539 7,503 1,790 1,865 1,078 1,169 1,847 2,205 5,409 5,792 14,560 17,331
Unamortized discounts on securities held outright 4 -908 -807 -697 -720 -191 -179 -115 -112 -197 -211 -577 -556 -1,553 -1,662
Total loans and securities 280,800 239,437 215,594 213,661 59,027 53,104 35,547 33,299 60,898 62,792 178,324 164,933 479,982 493,463
Accrued interest receivable - System Open Market Account 1,418 1,335 1,088 1,190 298 296 179 185 307 350 899 917 2,427 2,753
Foreign currency denominated investments 5 1,204 1,208 865 886 316 302 98 96 201 207 256 259 3,041 3,077
Central bank liquidity swaps6 217 243 156 178 57 61 18 19 36 42 46 52 547 619
Other assets
Items in process of collection 81 236 * 0 0 0 * * * * 0 0 * 0
Bank premises 203 206 194 194 102 107 93 95 228 232 224 221 196 192
All other assets 7 80 84 46 47 107 105 66 62 103 84 57 55 130 136
Interdistrict settlement account 32,067 46,747 32,779 15,866 10,206 10,352 4,961 3,559 12,287 1,277 23,822 18,270 6,951 9,064
Total assets 318,453 291,821 252,133 233,470 70,622 64,838 41,286 37,650 74,618 65,555 204,992 186,091 495,530 511,576
Liabilities
Federal Reserve notes outstanding 273,526 262,457 126,522 121,764 59,561 56,057 31,925 31,497 54,132 49,969 164,272 150,909 260,398 246,879
Less: Notes held by Federal Reserve Bank 29,567 28,508 11,593 13,680 4,775 5,129 2,837 2,561 6,680 5,440 18,681 17,032 33,616 29,646
Federal Reserve notes outstanding, net 243,959 233,949 114,929 108,084 54,786 50,928 29,088 28,936 47,452 44,529 145,591 133,877 226,782 217,233
Securities sold under agreements to repurchase 1 23,018 18,249 17,671 16,282 4,839 4,047 2,913 2,537 4,992 4,786 14,618 12,571 39,345 37,611
Deposits
Depository institutions 47,428 35,885 69,052 57,527 10,200 9,099 8,744 5,767 19,336 15,020 43,935 38,673 223,003 250,400
Treasury, general account n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Foreign, official
accounts
2 3 2 2 1 1 * * * * * * 6 6
Other 8 913 30 48,592 49,569 3 6 103 72 2,256 675 74 187 102 1
Total deposits 48,343 35,918 117,646 107,098 10,204 9,106 8,847 5,839 21,592 15,695 44,009 38,860 223,111 250,407
Other liabilities
Accrued remittances to the Treasury9 256 170 90 75 41 35 3 20 13 43 123 96 212 207
Deferred credit items 713 1,006 0 0 0 0 * 0 12 * 0 0 0 0
All other liabilities 10 254 252 301 296 120 125 134 132 151 123 194 202 344 369
Total liabilities 316,543 289,544 250,637 231,835 69,990 64,241 40,985 37,464 74,212 65,176 204,535 185,606 489,794 505,827
Capital accounts
Capital paid-in 1,572 1,880 1,231 1,350 520 493 248 154 334 313 376 400 4,720 4,747
Surplus (including accumulated other comprehensive loss) 338 397 265 285 112 104 53 32 72 66 81 85 1,016 1,002
Total liabilities and capital accounts 318,453 291,821 252,133 233,470 70,622 64,838 41,286 37,650 74,618 65,555 204,992 186,091 495,530 511,576

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

 1. Contract amount of agreements. Return to table

 2. Par value. Includes securities loaned—fully collateralized by U.S. Treasury securities, other investment-grade securities, and collateral eligible for tri-party repurchase agreements pledged with Federal Reserve Banks. Return to table

 3. The par amount shown is the remaining principal balance of the securities. Return to table

 4. 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. Return to table

 5. Valued daily at market exchange rates. Return to table

 6. 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. Return to table

 7. Includes furniture and equipment and depository institution overdrafts. Return to table

 8. Includes deposits of government-sponsored enterprises (GSEs), the Consumer Financial Protection Bureau, international organizations, and designated financial market utilities. Return to table

 9. Represents the estimated weekly remittances to the U.S. Treasury. Return to table

 10. Includes accrued benefit costs and cash collateral posted by counterparties under commitments to purchase and sell federal agency and GSE MBS. Return to table

* Less than $500,000.

Table 9B. Statement of condition of the Federal Reserve Banks, December 31, 2019 and 2018Supplemental information—collateral held againstFederal Reserve notes: Federal Reserve agents' accounts

Millions of dollars

Item 2019 2018
Federal Reserve notes outstanding 1,955,848 1,861,768
Less: Notes held by Federal Reserve Banks not subject to collateralization 196,421 190,331
Collateralized Federal Reserve notes 1,759,427 1,671,437
     
Collateral for Federal Reserve notes
Gold certificates 11,037 11,037
Special drawing rights certificates 5,200 5,200
U.S. Treasury securities 1 1,743,190 1,655,200
Total collateral 1,759,427 1,671,437

 1. Face value. Includes compensation to adjust for the effect of inflation on the original face value of inflation-indexed securities. Return to table

Table 10. Income and expenses of the Federal Reserve Banks, by Bank, 2019

Thousands of dollars

Item Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas
City
Dallas San
Francisco
Current income
Interest income
Primary, secondary, and seasonal loans 1,325 60 49 5 4 12 130 191 125 607 14 40 87
Interest income on securities purchased under agreements to resell 970,663 20,138 529,566 23,506 28,399 59,401 66,367 50,951 13,951 8,399 14,393 42,147 113,444
Treasury securities 58,532,028 1,189,126 32,032,863 1,433,217 1,698,627 3,551,057 3,874,383 3,088,735 825,060 501,777 881,912 2,509,855 6,945,416
Government-sponsored enterprise debt securities, net 136,891 2,776 74,937 3,355 3,970 8,299 9,035 7,227 1,926 1,173 2,065 5,863 16,265
Federal agency and government-
sponsored enterprise mortgage-backed securities, net
43,123,881 872,008 23,616,587 1,058,493 1,249,223 2,611,251 2,833,761 2,278,294 605,239 368,923 652,023 1,844,011 5,134,066
Foreign currency denominated investments, net -33,041 -1,419 -10,469 -1,902 -2,644 -7,066 -1,919 -1,384 -498 -156 -322 -409 -4,854
Central bank liquidity swaps1 6,629 285 2,099 381 531 1,419 385 278 99 31 65 82 974
Total interest income 102,738,376 2,082,974 56,245,632 2,517,055 2,978,110 6,224,373 6,782,142 5,424,292 1,445,902 880,754 1,550,150 4,401,589 12,205,398
Income from priced services 443,562 0 119,974 0 0 0 234,278 89,311 0 0 0 0 0
Securities lending fees 34,058 693 18,636 834 989 2,067 2,258 1,797 481 292 513 1,461 4,038
Other income 4,439 56 3,744 22 12 42 40 195 42 92 64 56 73
Total other income 482,059 749 142,354 856 1,001 2,109 236,576 91,303 523 384 577 1,517 4,111
Total current income 103,220,435 2,083,723 56,387,986 2,517,911 2,979,111 6,226,482 7,018,718 5,515,595 1,446,425 881,138 1,550,727 4,403,106 12,209,509
Net expenses
Personnel
Salaries and other personnel expenses 2,615,082 142,397 582,265 111,220 118,245 360,493 209,522 215,535 166,510 114,599 208,689 140,072 245,535
Retirement and other benefits 904,830 45,420 214,301 35,810 40,204 117,732 71,042 74,148 53,518 41,309 70,541 54,111 86,696
Administrative
Fees 441,629 15,237 48,841 13,111 6,561 291,298 15,524 7,783 10,003 5,450 17,294 2,733 7,796
Travel 109,826 5,253 15,465 3,672 5,825 14,993 10,604 12,223 6,253 4,058 10,194 6,647 14,639
Postage and other shipping costs 14,033 350 1,536 172 1,429 429 2,401 189 614 243 1,051 2,291 3,328
Communications 40,549 886 4,000 661 552 26,592 1,295 1,982 1,064 390 1,003 947 1,177
Materials and supplies 76,511 4,748 22,241 9,976 3,429 6,294 5,032 5,444 2,736 1,851 5,248 3,616 5,897
Building
Taxes on real estate 55,583 8,433 15,366 1,629 1,724 2,774 2,831 4,680 1,444 4,198 4,129 3,420 4,956
Property depreciation 145,742 12,499 30,249 8,759 8,538 14,402 11,785 15,507 8,223 3,922 8,762 9,649 13,446
Utilities 34,926 3,823 8,107 1,589 1,352 3,952 2,623 2,082 1,662 1,935 2,651 2,371 2,779
Rent 33,034 599 1,880 197 1,038 22,135 293 1,196 3,612 191 713 736 443
Other building 78,054 8,573 15,506 4,090 5,289 7,816 4,888 8,781 2,386 3,176 3,586 6,104 7,858
Equipment/software
Purchases 39,611 2,307 5,900 1,620 2,370 8,390 2,969 2,560 1,368 1,923 4,935 1,785 3,484
Rentals 3,234 302 1,050 234 295 349 283 537 39 58 10 43 33
Depreciation 80,866 1,671 6,282 1,958 1,972 49,026 3,232 3,435 1,693 1,101 3,001 2,981 4,513
Repairs and maintenance 69,599 2,269 4,905 1,969 2,353 32,550 5,868 3,663 1,549 1,295 2,551 3,824 6,805
Software 280,978 5,716 48,255 3,876 9,287 126,024 10,672 7,627 8,530 4,192 25,257 8,255 23,284
Other expenses
Other expenses 101,322 7,443 172,546 18,348 18,362 -547,915 152,344 53,775 162,235 2,451 -4,976 24,810 41,901
Recoveries -364,817 -45,139 -41,519 -19,456 -8,673 -54,903 -10,279 -26,197 -12,370 -16,731 -44,932 -30,239 -54,379
Expenses capitalized 2 -70,967 -127 -18,875 -1,967 -6,816 -3,838 -2,361 -2,080 -196 -2,185 -17,459 -2,311 -12,753
Total operating expenses before pension expense and reimbursements 4,689,625 222,660 1,138,301 197,468 213,336 478,593 500,568 392,870 420,873 173,426 302,248 241,845 407,438
System pension service costs 3 510,402 0 510,402 0 0 0 0 0 0 0 0 0 0
Reimbursements -728,453 -24,149 -158,882 -5,094 -49,770 -37,333 -25,127 -4,433 -255,695 -42,443 -101,913 -21,459 -2,156
Operating expenses 4,471,574 198,511 1,489,821 192,374 163,566 441,260 475,441 388,437 165,178 130,983 200,335 220,386 405,282
Interest expense on securities sold under agreements to repurchase 6,011,580 121,904 3,290,856 147,341 174,334 364,436 396,774 317,378 84,593 51,493 90,703 257,492 714,275
Interest on reserves 34,937,271 632,552 20,482,509 798,034 730,943 2,391,847 893,367 2,017,340 191,610 152,521 339,338 891,868 5,415,342
Interest on term deposits 1,923 32 717 217 117 115 41 352 0 0 0 0 332
Other expenses 1,477 31 806 36 43 90 101 78 21 13 22 64 173
Net expenses 45,423,825 953,030 25,264,709 1,138,002 1,069,003 3,197,748 1,765,724 2,723,585 441,402 335,010 630,398 1,369,810 6,535,404
Current net income 57,796,610 1,130,693 31,123,277 1,379,909 1,910,108 3,028,734 5,252,994 2,792,010 1,005,023 546,128 920,329 3,033,296 5,674,105
Additions to (+) and deductions from (-) current net income
Profit on sales of Treasury securities 34 1 19 1 1 2 2 2 0 0 1 1 4
Profit on sales of federal agency and government-sponsored enterprise mortgage-backed securities 9,325 194 5,087 226 273 571 638 489 134 81 138 405 1,090
Foreign currency translation gains (losses) -168,438 -7,088 -52,768 -9,416 -13,733 -36,823 -9,677 -7,241 -2,304 -747 -1,704 -2,086 -24,851

Other components of net benefit cost

-9,829 -3,607 27,359 -3,079 -4,067 -7,363 -2,610 -4,750 481 -4,102 -3,508 -44 -4,538
Other additions 4 328 4 60 15 4 11 188 20 2 1 2 14 7
Other deductions 4 -878 -4 -682 13 -4 -92 -19 -110 9 9 14 25 -37
Net additions or deductions to current net income -169,458 -10,500 -20,925 -12,240 -17,526 -43,694 -11,478 -11,590 -1,678 -4,758 -5,057 -1,685 -28,325
Cost of unreimbursed Treasury services 0 0 0 0 0 0 0 0 0 0 0 0 0
Assessments by Board
Board expenditures 5 814,000 36,161 267,083 38,220 65,999 171,454 47,355 33,257 12,570 3,892 8,063 10,109 119,836
Cost of currency 836,975 33,505 171,617 34,949 52,487 71,344 125,939 71,209 27,453 16,493 24,946 70,843 136,191
Consumer Financial Protection Bureau 6 518,600 22,830 169,963 24,731 41,962 109,275 30,053 21,201 8,053 2,454 5,133 6,436 76,508
Assessments by the Board of Governors 2,169,575 92,496 608,663 97,900 160,448 352,073 203,347 125,667 48,076 22,839 38,142 87,388 332,535
Net income before providing for remittances to the Treasury 55,457,577 1,027,697 30,493,689 1,269,769 1,732,134 2,632,967 5,038,169 2,654,753 955,269 518,531 877,130 2,944,223 5,313,245
Earnings remittances to the Treasury, as required by the Federal Reserve Act 54,892,569 974,035 30,268,621 1,392,325 1,644,146 2,497,641 5,064,391 2,635,949 940,104 501,447 846,862 2,947,298 5,179,750
Net income after providing for remittances to the Treasury 565,008 53,662 225,068 -122,556 87,988 135,326 -26,222 18,804 15,165 17,084 30,268 -3,075 133,495
Other comprehensive income (loss) 148,923 8,185 122,490 7,911 5,604 -10,829 12,142 -4,292 8,187 10,230 -11,330 17,182 -16,555
Comprehensive income 713,931 61,847 347,558 -114,645 93,592 124,497 -14,080 14,512 23,352 27,314 18,938 14,107 116,940
Distribution of comprehensive income
Dividends on capital stock 713,931 31,831 219,534 34,093 55,216 139,286 44,332 34,416 15,546 6,321 13,046 17,528 102,781
Transferred to/from surplus and change in accumulated other comprehensive income 0 30,013 128,024 -148,739 38,371 -14,790 -58,411 -19,903 7,807 20,991 5,893 -3,417 14,161
Earnings remittances to the Treasury 54,892,569 974,035 30,268,621 1,392,325 1,644,146 2,497,641 5,064,391 2,635,949 940,104 501,447 846,862 2,947,298 5,179,750
Total distribution of net income 55,606,500 1,035,879 30,616,179 1,277,679 1,737,733 2,622,137 5,050,312 2,650,462 963,457 528,759 865,801 2,961,409 5,296,692

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

 1. Represents interest income recognized on swap agreements with foreign central banks. Return to table

 2. Includes expenses for labor and materials capitalized and depreciated or amortized as charges to activities in the periods benefited. Return to table

 3. Reflects the effect of the Financial Accounting Standards Board's Codification Topic (ASC 715) Compensation-Retirement Benefits. Pension service costs for the System Retirement Plan is recorded on behalf of the System in the books of the FRBNY. Return to table

 4. Includes the portion of the consolidated variable interest entity's net income recorded by the FRBNY. The amount includes interest income, realized and unrealized gains and losses, and professional fees. Return to table

 5. For additional details, see the "Board of Governors Financial Statements." Return to table

 6. The Board of Governors assesses the Reserve Banks to fund the operations of the Consumer Financial Protection Bureau. These assessments are allocated to each Reserve Bank based on each Reserve Bank's capital and surplus balances as of the most recent quarter. Return to table

Table 11. Income and expenses of the Federal Reserve Banks, 1914–2019

Thousands of dollars

Federal
Reserve
Bank
and
period
Current
income
Net
expenses
Net
additions
or
deductions
(-) 1
Assessments by the Board
of Governors
Other
compre-
hensive
income
(loss)
Dividends
paid
Distributions
to the
U.S. Treasury
Trans-
ferred
to/from
surplus 4
Transferred
to/from
surplus
and
change in
accu-
mulated
other
compre-
hensive
income 5
Board
expend-
itures
Costs of
currency
Consumer
Financial
Protection
Bureau
and
Office of
Financial
Research 2
Statutory
transfers3
Interest
on
Federal
Reserve
notes
All banks
1914–15 2,173 2,018 6 302 n/an/a n/a n/a 217 n/a n/a n/a n/a
1916 5,218 2,082 -193 192 n/a n/a n/a 1,743 n/a n/a n/a n/a
1917 16,128 4,922 -1,387 238 n/a n/a n/a 6,804 1,134 n/a n/a 1,134
1918 67,584 10,577 -3,909 383 n/a n/a n/a 5,541 n/a n/a n/a 48,334
1919 102,381 18,745 -4,673 595 n/a n/a n/a 5,012 2,704 n/a n/a 70,652
1920 181,297 27,549 -3,744 710 n/a n/a n/a 5,654 60,725 n/a n/a 82,916
1921 122,866 33,722 -6,315 741 n/a n/a n/a 6,120 59,974 n/a n/a 15,993
1922 50,499 28,837 -4,442 723 n/a n/a n/a 6,307 10,851 n/a n/a -660
1923 50,709 29,062 -8,233 703 n/a n/a n/a 6,553 3,613 n/a n/a 2,546
1924 38,340 27,768 -6,191 663 n/a n/a n/a 6,682 114 n/a n/a -3,078
1925 41,801 26,819 -4,823 709 n/a n/a n/a 6,916 59 n/a n/a 2,474
1926 47,600 24,914 -3,638 722 1,714 n/a n/a 7,329 818 n/a n/a 8,464
1927 43,024 24,894 -2,457 779 1,845 n/a n/a 7,755 250 n/a n/a 5,044
1928 64,053 25,401 -5,026 698 806 n/a n/a 8,458 2,585 n/a n/a 21,079
1929 70,955 25,810 -4,862 782 3,099 n/a n/a 9,584 4,283 n/a n/a 22,536
1930 36,424 25,358 -93 810 2,176 n/a n/a 10,269 17 n/a n/a -2,298
1931 29,701 24,843 311 719 1,479 n/a n/a 10,030 n/a n/a n/a -7,058
1932 50,019 24,457 -1,413 729 1,106 n/a n/a 9,282 2,011 n/a n/a 11,021
1933 49,487 25,918 -12,307 800 2,505 n/a n/a 8,874 n/a n/a n/a -917
1934 48,903 26,844 -4,430 1,372 1,026 n/a n/a 8,782 n/a n/a -60 6,510
1935 42,752 28,695 -1,737 1,406 1,477 n/a n/a 8,505 298 n/a 28 607
1936 37,901 26,016 486 1,680 2,178 n/a n/a 7,830 227 n/a 103 353
1937 41,233 25,295 -1,631 1,748 1,757 n/a n/a 7,941 177 n/a 67 2,616
1938 36,261 25,557 2,232 1,725 1,630 n/a n/a 8,019 120 n/a -419 1,862
1939 38,501 25,669 2,390 1,621 1,356 n/a n/a 8,110 25 n/a -426 4,534
1940 43,538 25,951 11,488 1,704 1,511 n/a n/a 8,215 82 n/a -54 17,617
1941 41,380 28,536 721 1,840 2,588 n/a n/a 8,430 141 n/a -4 571
1942 52,663 32,051 -1,568 1,746 4,826 n/a n/a 8,669 198 n/a 50 3,554
1943 69,306 35,794 23,768 2,416 5,336 n/a n/a 8,911 245 n/a 135 40,327
1944 104,392 39,659 3,222 2,296 7,220 n/a n/a 9,500 327 n/a 201 48,410
1945 142,210 41,666 -830 2,341 4,710 n/a n/a 10,183 248 n/a 262 81,970
1946 150,385 50,493 -626 2,260 4,482 n/a n/a 10,962 67 n/a 28 81,467
1947 158,656 58,191 1,973 2,640 4,562 n/a n/a 11,523 36 75,284 87 8,366
1948 304,161 64,280 -34,318 3,244 5,186 n/a n/a 11,920 n/a 166,690 n/a 18,523
1949 316,537 67,931 -12,122 3,243 6,304 n/a n/a 12,329 n/a 193,146 n/a 21,462
1950 275,839 69,822 36,294 3,434 7,316 n/a n/a 13,083 n/a 196,629 n/a 21,849
1951 394,656 83,793 -2,128 4,095 7,581 n/a n/a 13,865 n/a 254,874 n/a 28,321
1952 456,060 92,051 1,584 4,122 8,521 n/a n/a 14,682 n/a 291,935 n/a 46,334
1953 513,037 98,493 -1,059 4,100 10,922 n/a n/a 15,558 n/a 342,568 n/a 40,337
1954 438,486 99,068 -134 4,175 6,490 n/a n/a 16,442 n/a 276,289 n/a 35,888
1955 412,488 101,159 -265 4,194 4,707 n/a n/a 17,712 n/a 251,741 n/a 32,710
1956 595,649 110,240 -23 5,340 5,603 n/a n/a 18,905 n/a 401,556 n/a 53,983
1957 763,348 117,932 -7,141 7,508 6,374 n/a n/a 20,081 n/a 542,708 n/a 61,604
1958 742,068 125,831 124 5,917 5,973 n/a n/a 21,197 n/a 524,059 n/a 59,215
1959 886,226 131,848 98,247 6,471 6,384 n/a n/a 22,722 n/a 910,650 n/a -93,601
1960 1,103,385 139,894 13,875 6,534 7,455 n/a n/a 23,948 n/a 896,816 n/a 42,613
1961 941,648 148,254 3,482 6,265 6,756 n/a n/a 25,570 n/a 687,393 n/a 70,892
1962 1,048,508 161,451 -56 6,655 8,030 n/a n/a 27,412 n/a 799,366 n/a 45,538
1963 1,151,120 169,638 615 7,573 10,063 n/a n/a 28,912 n/a 879,685 n/a 55,864
1964 1,343,747 171,511 726 8,655 17,230 n/a n/a 30,782 n/a 1,582,119 n/a -465,823
1965 1,559,484 172,111 1,022 8,576 23,603 n/a n/a 32,352 n/a 1,296,810 n/a 27,054
1966 1,908,500 178,212 996 9,022 20,167 n/a n/a 33,696 n/a 1,649,455 n/a 18,944
1967 2,190,404 190,561 2,094 10,770 18,790 n/a n/a 35,027 n/a 1,907,498 n/a 29,851
1968 2,764,446 207,678 8,520 14,198 20,474 n/a n/a 36,959 n/a 2,463,629 n/a 30,027
1969 3,373,361 237,828 -558 15,020 22,126 n/a n/a 39,237 n/a 3,019,161 n/a 39,432
1970 3,877,218 276,572 11,442 21,228 23,574 n/a n/a 41,137 n/a 3,493,571 n/a 32,580
1971 3,723,370 319,608 94,266 32,634 24,943 n/a n/a 43,488 n/a 3,356,560 n/a 40,403
1972 3,792,335 347,917 -49,616 35,234 31,455 n/a n/a 46,184 n/a 3,231,268 n/a 50,661
1973 5,016,769 416,879 -80,653 44,412 33,826 n/a n/a 49,140 n/a 4,340,680 n/a 51,178
1974 6,280,091 476,235 -78,487 41,117 30,190 n/a n/a 52,580 n/a 5,549,999 n/a 51,483
1975 6,257,937 514,359 -202,370 33,577 37,130 n/a n/a 54,610 n/a 5,382,064 n/a 33,828
1976 6,623,220 558,129 7,311 41,828 48,819 n/a n/a 57,351 n/a 5,870,463 n/a 53,940
1977 6,891,317 568,851 -177,033 47,366 55,008 n/a n/a 60,182 n/a 5,937,148 n/a 45,728
1978 8,455,309 592,558 -633,123 53,322 60,059 n/a n/a 63,280 n/a 7,005,779 n/a 47,268
1979 10,310,148 625,168 -151,148 50,530 68,391 n/a n/a 67,194 n/a 9,278,576 n/a 69,141
1980 12,802,319 718,033 -115,386 62,231 73,124 n/a n/a 70,355 n/a 11,706,370 n/a 56,821
1981 15,508,350 814,190 -372,879 63,163 82,924 n/a n/a 74,574 n/a 14,023,723 n/a 76,897
1982 16,517,385 926,034 -68,833 61,813 98,441 n/a n/a 79,352 n/a 15,204,591 n/a 78,320
1983 16,068,362 1,023,678 -400,366 71,551 152,135 n/a n/a 85,152 n/a 14,228,816 n/a 106,663
1984 18,068,821 1,102,444 -412,943 82,116 162,606 n/a n/a 92,620 n/a 16,054,095 n/a 161,996
1985 18,131,983 1,127,744 1,301,624 77,378 173,739 n/a n/a 103,029 n/a 17,796,464 n/a 155,253
1986 17,464,528 1,156,868 1,975,893 97,338 180,780 n/a n/a 109,588 n/a 17,803,895 n/a 91,954
1987 17,633,012 1,146,911 1,796,594 81,870 170,675 n/a n/a 117,499 n/a 17,738,880 n/a 173,771
1988 19,526,431 1,205,960 -516,910 84,411 164,245 n/a n/a 125,616 n/a 17,364,319 n/a 64,971
1989 22,249,276 1,332,161 1,254,613 89,580 175,044 n/a n/a 129,885 n/a 21,646,417 n/a 130,802
1990 23,476,604 1,349,726 2,099,328 103,752 193,007 n/a n/a 140,758 n/a 23,608,398 n/a 180,292
1991 22,553,002 1,429,322 405,729 109,631 261,316 n/a n/a 152,553 n/a 20,777,552 n/a 228,356
1992 20,235,028 1,474,531 -987,788 128,955 295,401 n/a n/a 171,763 n/a 16,774,477 n/a 402,114
1993 18,914,251 1,657,800 -230,268 140,466 355,947 n/a n/a 195,422 n/a 15,986,765 n/a 347,583
1994 20,910,742 1,795,328 2,363,862 146,866 368,187 n/a n/a 212,090 n/a 20,470,011 n/a 282,122
1995 25,395,148 1,818,416 857,788 161,348 370,203 n/a n/a 230,527 n/a 23,389,367 n/a 283,075
1996 25,164,303 1,947,861 -1,676,716 162,642 402,517 n/a n/a 255,884 5,517,716 14,565,624 n/a 635,343
1997 26,917,213 1,976,453 -2,611,570 174,407 364,454 n/a n/a 299,652 20,658,972 0 n/a 831,705
1998 28,149,477 1,833,436 1,906,037 178,009 408,544 n/a n/a 343,014 17,785,942 8,774,994 n/a 731,575
1999 29,346,836 1,852,162 -533,557 213,790 484,959 n/a n/a 373,579 n/a 25,409,736 n/a 479,053
2000 33,963,992 1,971,688 -1,500,027 188,067 435,838 n/a n/a 409,614 n/a 25,343,892 n/a 4,114,865
2001 31,870,721 2,084,708 -1,117,435 295,056 338,537 n/a n/a 428,183 n/a 27,089,222 n/a 517,580
2002 26,760,113 2,227,078 2,149,328 205,111 429,568 n/a n/a 483,596 n/a 24,495,490 n/a 1,068,598
2003 23,792,725 2,462,658 2,481,127 297,020 508,144 n/a n/a 517,705 n/a 22,021,528 n/a 466,796
2004 23,539,942 2,238,705 917,870 272,331 503,784 n/a n/a 582,402 n/a 18,078,003 n/a 2,782,587
2005 30,729,357 2,889,544 -3,576,903 265,742 477,087 n/a n/a 780,863 n/a 21,467,545 n/a 1,271,672
2006 38,410,427 3,263,844 -158,846 301,014 491,962 n/a n/a 871,255 n/a 29,051,678 n/a 4,271,828
2007 42,576,025 3,510,206 198,417 296,125 576,306 n/a 324,481 992,353 n/a 34,598,401 n/a 3,125,533
2008 41,045,582 4,870,374 3,340,628 352,291 500,372 n/a -3,158,808 1,189,626 n/a 31,688,688 n/a 2,626,053
2009 54,463,121 5,978,795 4,820,204 386,400 502,044 n/a 1,006,813 1,428,202 n/a 47,430,237 n/a 4,564,460
2010 79,300,937 6,270,420 9,745,562 422,200 622,846 42,286 45,881 1,582,785 n/a 79,268,124 n/a 883,724
2011 85,241,366 7,316,643 2,015,991 472,300 648,798 281,712 -1,161,848 1,577,284 n/a 75,423,597 n/a 375,175
2012 81,586,102 7,798,353 18,380,835 490,001 722,301 387,279 -52,611 1,637,934 n/a 88,417,936 n/a 460,528
2013 91,149,953 9,134,656 -1,029,750 580,000 701,522 563,200 2,288,811 1,649,277 n/a 79,633,271 n/a 147,088
2014 116,561,512 10,714,872 -2,718,283 590,000 710,807 563,000 -1,611,569 1,685,826 n/a 96,901,695 n/a 1,064,952
2015 114,233,676 11,139,956 -1,305,513 705,000 689,288 489,700 366,145 1,742,745 25,955,921 91,143,493 n/a -18,571,798
2016 111,743,998 17,262,620 -114,255 709,000 700,728 596,200 -183,232 711,423 91,466,545 n/a n/a 0
2017 114,193,573 33,397,138 1,932,579 740,000 723,534 573,000 650,808 783,599 80,559,689 n/a n/a 0
2018 112,861,657 47,353,636 -382,959 838,000 848,807 337,100 41,831 998,703 65,319,280 n/a n/a -3,175,000
2019 103,220,435 45,423,825 -169,458 814,000 836,975 518,600 148,923 713,931 54,892,569 n/a n/a 0
Total
1914–2019
1,859,067,579 263,518,750 38,755,794 12,100,117 17,616,339 4,352,077 -1,294,375 25,432,465 362,307,962 1,198,433,402 -4 12,767,389 6
Aggregate for each Bank, 1914–2019
Boston 65,973,589 8,219,667 340,881 521,521 929,677 191,745 10,102 1,113,181 9,988,048 44,842,511 135 518,083
New York 856,418,690 125,175,009 7 26,384,879 3,462,097 4,572,887 1,396,927 -1,538,626 7,208,088 189,648,198 545,077,826 -433 4,724,342
Philadelphia 57,968,288 8,588,603 798,154 735,853 804,373 282,117 24,733 1,755,905 9,904,334 36,308,189 291 411,507
Cleveland 75,575,047 8,181,718 709,814 913,714 1,015,321 341,535 19,311 1,901,116 13,446,504 49,612,575 -10 891,692
Richmond 134,046,547 19,104,403 2,312,256 2,328,855 1,511,424 929,152 44,164 5,136,994 23,575,455 81,295,580 -72 2,521,180
Atlanta 122,416,296 17,428,190 1,739,784 796,118 1,951,989 248,373 44,585 1,650,852 25,849,672 75,616,315 5 659,155
Chicago 148,534,529 18,294,511 1,902,122 781,847 1,797,643 143,960 31,218 1,495,804 17,463,545 109,806,844 12 683,716
St. Louis 43,723,479 5,218,366 433,135 194,439 607,382 46,021 34,361 391,245 6,348,165 31,149,772 -27 235,623
Minneapolis 24,189,485 5,018,028 425,506 209,741 344,712 24,127 16,417 457,657 2,929,517 15,436,029 65 211,534
Kansas City 48,675,144 7,467,982 587,939 220,280 619,636 43,683 -14,468 435,806 5,790,171 34,476,668 -9 194,396
Dallas 75,866,715 9,599,380 1,099,942 323,209 1,105,103 62,361 31,456 627,570 15,141,636 49,889,286 55 249,026
San Francisco 205,679,759 31,222,895 2,021,380 1,612,448 2,356,190 642,081 2,374 3,258,246 42,222,720 124,921,807 -17 1,467,138
Total 1,859,067,579 263,518,750 38,755,794 12,100,117 17,616,339 4,352,077 -1,294,375 25,432,465 362,307,962 1,198,433,402 -4 12,767,389

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

 1. For 1987 and subsequent years, includes the cost of services provided to the Treasury by Federal Reserve Banks for which reimbursement was not received. Return to table

 2. Starting in 2010, as required under the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, the Board of Governors began assessing the Reserve Banks to fund the operations of the Consumer Financial Protection Bureau and, for a two-year period beginning July 21, 2010, the Office of Financial Research. These assessments are allocated to the Reserve Banks based on each Reserve Bank's capital and surplus balances as of the most recent quarter. Return to table

 3. Represents transfers made as a franchise tax from 1917 through 1932; transfers made under section 13b of the Federal Reserve Act from 1935 through 1947; transfers made under section 7 of the Federal Reserve Act for 1996, 1997, and 2015–19. Return to table

 4. Transfers made under section 13b of the Federal Reserve Act. Return to table

 5. Transfers made under section 7 of the Federal Reserve Act. Beginning in 2006, accumulated other comprehensive income is reported as a component of surplus. Return to table

 6. The $12,767,389 thousand transferred to surplus was reduced by direct charges of $500 thousand for charge-off on Bank premises (1927); $139,300 thousand for contributions to capital of the Federal Deposit Insurance Corporation (1934); $4 thousand net upon elimination of section 13b surplus (1958); $106,000 thousand (1996), $107,000 thousand (1997), $3,752,000 thousand (2000) transferred to the Treasury as statutorily required; and $1,848,716 thousand related to the implementation of SFAS No. 158 (2006) and was increased by a transfer of $11,131 thousand from reserves for contingencies (1955), leaving a balance of $6,825,000 thousand on December 31, 2019. Return to table

 7. This amount includes $8,515,396 thousands for expenses of the System Retirement Plan. See note 3, " Table 10. Income and expenses of the Federal Reserve Banks, by Bank, 2019." Return to table

n/a Not applicable.

Table 12. Operations in principal departments of the Federal Reserve Banks, 2016–19
Operation 2019 2018 2017 2016
Millions of pieces
Currency processed 32,736 34,312 32,942 31,504
Currency destroyed 5,101 4,819 4,571 4,837
Coin received 56,101 58,249 58,221 58,223
Checks handled
U.S. government checks 1 52 53 56 58
Postal money orders 80 83 85 88
Commercial 4,389 4,740 5,153 5,241
Securities transfers 2 19 17 16 17
Funds transfers 3 168 158 153 148
Automated clearinghouse transactions
Commercial 15,584 14,692 13,749 12,960
Government 1,704 1,668 1,629 1,594
Millions of dollars
Currency processed 657,833 659,126 644,395 596,053
Currency destroyed 83,366 98,590 112,202 118,199
Coin received 5,408 5,387 5,585 5,563
Checks handled
U.S. government checks 1 149,337 148,149 145,599 152,392
Postal money orders 21,412 21,033 20,682 20,672
Commercial 8,317,894 8,485,159 8,438,008 8,088,569
Securities transfers 2 345,813,248 296,335,209 299,334,719 286,671,689
Funds transfers 3 695,835,129 716,211,759 740,096,838 766,961,537
Automated clearinghouse transactions
Commercial 28,081,631 25,860,072 23,398,576 21,772,168
Government 5,787,018 5,515,114 5,370,695 5,192,786

 1. Includes government checks handled electronically (electronic checks). Return to table

 2. Data on securities transfers do not include reversals. Return to table

 3. Data on funds transfers do not include non-value transfers. Return to table

Table 13. Number and annual salaries of officers and employees of the Federal Reserve Banks, December 31, 2019
Federal Reserve Bank
(including branches)
President Other officers Employees Total
Annual
salary
(dollars)1
Number Annual
salaries
(dollars) 1
Number Annual
salaries
(dollars) 1
Number Annual
salaries
(dollars) 1
Full time Part time Temporary/
hourly 2
Boston 437,400 89 23,595,216 867 19 11 104,034,710 987 128,067,326
New York 497,800 600 158,399,214 2,485 26 0 330,478,226 3,112 489,375,240
Philadelphia 422,400 71 15,969,000 776 14 19 82,292,979 881 98,684,379
Cleveland 416,000 69 15,867,877 884 17 17 87,369,505 988 103,653,382
Richmond 394,000 88 19,299,000 1,349 14 14 133,954,743 1,466 153,647,743
Atlanta 405,500 102 23,468,758 1,588 22 31 160,286,518 1,744 184,160,776
Chicago 437,400 136 33,344,751 1,392 34 0 159,925,960 1,563 193,708,111
St. Louis 392,400 105 24,615,800 1,268 20 10 124,267,334 1,404 149,275,534
Minneapolis 422,500 64 15,029,572 949 46 8 89,767,022 1,068 105,219,094
Kansas City 392,600 109 22,515,200 1,898 14 7 161,246,895 2,029 184,154,695
Dallas 427,900 78 17,980,112 1,164 13 11 104,359,445 1,267 122,767,457
San Francisco 468,800 109 29,338,465 1,580 14 14 184,373,241 1,718 214,180,506
Federal Reserve Information Technology n/a 72 17,071,300 1,216 0 5 151,910,024 1,293 168,981,324
Office of Employee Benefits n/a 15 4,261,400 45 1 0 5,961,970 61 10,223,370
Total 5,114,700 1,707 420,755,665 17,461 254 147 1,880,228,572 19,581 2,306,098,937

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

 1. Annualized salary liability (excluding outside agency costs) based on salaries in effect on December 31, 2019. Return to table

 2. Temporary/hourly employees are paid by the Bank, generally work less than 780 hours, and are employed on a temporary basis (such as interns). The number of hourly employees at the Federal Reserve Bank of Chicago and Federal Reserve Bank of Cleveland was incorrectly reported for 2018. Return to table

n/a Not applicable.

Table 14. Acquisition costs and net book value of the premises of the Federal Reserve Banks and Branches, December 31, 2019

Thousands of dollars

Federal Reserve Bank or Branch Acquisition costs Net
book value
Other real estate
Land Buildings
(including vaults) 1
Building machinery
and equipment
Total 2
Boston 27,293 208,090 48,299 283,682 105,250 n/a
New York 68,972 621,494 141,598 832,065 462,571 n/a
Philadelphia 8,146 150,074 30,116 188,336 92,433 n/a
Cleveland 4,219 157,011 36,665 197,895 103,795 n/a
Cincinnati 5,128 31,554 16,802 53,484 15,566 n/a
Richmond 32,483 184,866 67,400 284,750 133,725 n/a
Baltimore 7,917 42,332 15,204 65,453 27,050 n/a
Charlotte 7,884 46,588 15,546 70,019 32,180 n/a
Atlanta 23,559 164,437 24,980 212,976 129,913 n/a
Birmingham 5,347 13,246 2,387 20,979 10,750 n/a
Jacksonville 2,185 28,227 14,215 44,628 24,160 n/a
New Orleans 3,789 16,592 7,491 27,872 11,338 n/a
Miami 4,554 35,705 14,512 54,771 26,476 n/a
Chicago 7,460 265,024 42,569 315,053 122,445 n/a
Detroit 13,223 75,659 14,929 103,811 71,146 n/a
St. Louis 9,942 147,545 18,390 175,878 93,924 n/a
Memphis 2,472 18,542 6,734 27,748 7,966 n/a
Minneapolis 22,873 113,104 21,060 157,036 85,138 n/a
Helena 3,316 10,359 2,015 15,690 7,786 n/a
Kansas City 38,691 214,142 26,344 279,176 208,550 n/a
Denver 3,700 11,127 6,119 20,945 6,833 n/a
Omaha 4,537 12,706 3,000 20,244 12,127 n/a
Dallas 38,100 148,273 38,623 224,996 118,079 n/a
El Paso 262 6,206 3,163 9,632 3,944 n/a
Houston 32,323 104,574 9,604 146,501 101,816 n/a
San Francisco 20,988 146,183 35,920 203,091 85,222 n/a
Los Angeles 6,306 89,748 27,877 123,930 57,009 n/a
Salt Lake City 1,294 6,415 2,910 10,619 3,952 n/a
Seattle 13,101 50,282 5,829 69,212 50,011 n/a
Total 420,064 3,120,104 700,304 4,240,472 2,211,153 n/a

 1. Includes expenditures for construction at some offices, pending allocation to appropriate accounts. Return to table

 2. Excludes charge-offs of $17,699 thousand before 1952. Return to table

n/a Not applicable.

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Last Update: July 28, 2020