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Annual Report

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Statistical Tables

This appendix includes 13 statistical tables that provide updated historical data concerning Board and System operations and activities.

Table G.1. Federal Reserve open market transactions, 2020

Millions of dollars

Type of security and transaction Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec. Total
U.S. Treasury securities 1
Outright transactions 2
Treasury bills
Gross purchases 70,510 55,508 30,501 0 0 0 0 0 0 0 0 0 156,519
Gross sales 0 0 0 0 0 0 0 0 0 0 0 0 0
Exchanges 20,631 23,972 36,002 71,566 75,388 71,474 96,395 74,346 69,755 88,347 80,456 98,073 806,405
For new bills 20,631 23,972 36,002 71,566 75,388 71,474 96,395 74,346 69,755 88,347 80,456 98,073 806,405
Redemptions 0 0 0 0 0 0 0 0 0 0 0 0 0
Others up to 1 year
Gross purchases 2,101 2,189 105,183 89,473 27,968 14,131 14,984 12,752 6,764 6,477 5,602 4,883 292,507
Gross sales 0 0 0 0 0 0 0 0 0 0 0 0 0
Exchanges -17,675 -37,357 -33,959 -14,078 -50,769 -39,445 -30,520 -82,250 -30,315 -3,077 -84,588 -37,737 -461,770
Redemptions 0 0 0 0 0 0 0 0 0 0 0 0 0
Over 1 to 5 years
Gross purchases 10,025 7,592 383,863 293,171 53,103 43,227 45,673 36,509 22,200 41,357 45,979 47,705 1,030,404
Gross sales 0 0 0 0 0 15 0 0 0 0 25 0 40
Exchanges 11,645 16,900 23,169 10,900 22,212 24,740 17,786 37,322 16,431 1,455 44,806 22,468 249,833
Over 5 to 10 years
Gross purchases 5,020 3,285 184,985 165,619 32,639 19,626 17,529 18,717 23,642 14,887 13,259 9,105 508,313
Gross sales 0 0 0 0 0 10 0 0 0 0 0 0 10
Exchanges 5,518 12,008 10,775 3,122 16,923 10,009 9,135 26,684 9,927 979 26,299 10,595 141,974
More than 10 years
Gross purchases 2,259 3,942 139,021 98,482 17,528 12,811 12,220 10,293 11,797 14,225 12,235 18,315 353,128
Gross sales 0 0 0 0 0 0 0 0 0 0 0 0 0
Exchanges 512 8,450 15 56 11,635 4,695 3,599 18,244 3,957 643 13,483 4,674 69,963
All maturities
Gross purchases 89,915 72,516 843,553 646,745 131,238 89,795 90,406 78,271 64,403 76,946 77,075 80,008 2,340,871
Gross sales 0 0 0 0 0 25 0 0 0 0 25 0 50
Redemptions 0 0 0 0 0 0 0 0 0 0 0 0 0
Net change in U.S. Treasury securities 89,915 72,516 843,553 646,745 131,238 89,770 90,406 78,271 64,403 76,946 77,050 80,008 2,340,821
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 0 0 0 0 0 0 0 0 0 0 0
Net change in federal agency obligations 0 0 0 0 0 0 0 0 0 0 0 0 0
Mortgage-backed securities 3
Net settlements 2
Net change in mortgage-backed securities -21,388 -15,446 85,579 147,299 230,506 76,152 22,088 15,769 33,541 17,547 3,300 35,845 630,792
Total net change in securities holdings 4 68,527 57,070 929,132 794,044 361,744 165,922 112,494 94,040 97,944 94,493 80,350 115,853 2,971,613
Temporary transactions
Repurchase agreements5 206,689 159,187 307,321 189,297 173,961 128,789 7,914 0 143 1,003 1,000 1,000 n/a
Reverse repurchase agreements 5 259,010 227,773 292,931 320,440 261,714 232,846 220,673 214,867 204,553 195,051 194,215 194,974 n/a
Foreign official and international accounts 254,996 225,463 242,447 277,609 259,615 232,433 220,652 214,839 204,443 195,039 194,077 194,367 n/a
Others 4,014 2,311 50,484 42,832 2,098 413 21 28 110 12 137 607 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-page. Return to table

n/a Not applicable.

Table G.2. Federal Reserve Bank holdings of U.S. Treasury and federal agency securities, December 31, 2018–20

Millions of dollars

Description December 31 Change
2020 2019 2018 2019–20 2018–19
U.S. Treasury securities 1
Held outright 2 4,688,929 2,328,933 2,222,547 2,359,996 106,386
By remaining maturity
Bills
1–90 days 191,154 51,763 — 139,391 51,763
91 days to 1 year 134,890 117,762 — 17,128 117,762
Notes and bonds
1 year or less 708,144 303,438 384,936 404,706 (81,498)
More than 1 year through 5 years 1,759,737 893,832 958,065 865,905 (64,233)
More than 5 years through 10 years 836,893 321,591 260,898 515,302 60,693
More than 10 years 1,058,111 640,547 618,648 417,564 21,899
By type
Bills 326,044 169,525 — 156,519 169,525
Notes 3,063,037 1,290,107 1,382,654 1,772,930 (92,547)
Bonds 1,299,848 869,301 839,893 430,547 29,408
Federal agency securities 1
Held outright 2 2,347 2,347 2,409 — (62)
By remaining maturity
Discount notes
1–90 days — — — — —
91 days to 1 year — — — — —
Coupons
1 year or less — — 62 — (62)
More than 1 year through 5 years — — — — —
More than 5 years through 10 years 1,818 486 — 1,332 486
More than 10 years 529 1,861 2,347 (1,332) (486)
By type
Discount notes — — — — —
Coupons 2,347 2,347 2,409 — (62)
By issuer
Federal Home Loan Mortgage Corporation 529 529 591 — (62)
Federal National Mortgage Association 1,818 1,818 1,818 — —
Federal Home Loan Banks — — — — —
Mortgage-backed securities3 , 4
Held outright 2 2,039,467 1,408,677 1,637,123 630,790 (228,446)
By remaining maturity
1 year or less 4 12 4 (8) 8
More than 1 year through 5 years 2,016 1,135 214 881 921
More than 5 years through 10 years 72,044 73,528 62,706 (1,484) 10,822
More than 10 years 1,965,403 1,334,002 1,574,199 631,401 (240,197)
By issuer
Federal Home Loan Mortgage Corporation 667,007 422,087 481,436 244,920 (59,349)
Federal National Mortgage Association 888,260 652,729 761,166 235,531 (108,437)
Government National Mortgage Association 484,200 333,861 394,521 150,339 (60,660)
Temporary transactions5
Repurchase agreements6 1,000 255,619 — (254,619) 255,619
Reverse repurchase agreements 6 216,051 336,649 304,012 (120,598) 32,637
Foreign official and international accounts 206,400 272,562 262,164 (66,162) 10,398
Primary dealers and expanded counterparties 9,651 64,087 41,848 (54,436) 22,239

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 G.3. Reserve requirements of depository institutions, December 31, 2020
Liability type1 Requirement
Percentage
of liabilities		 Effective
date
Net transaction accounts 0 3/26/2020
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.

 1. For a description of these deposit types, see Form FR 2900. Return to table

Table G.4. Banking offices and banks affiliated with bank holding companies in the United States, December 31, 2019 and 2020
Type of office Total Commercial banks 1 Savings
banks
Total Member Nonmember
Total National State
All banking offices
Banks
Number, Dec. 31, 2019 4,753 4,516 1,508 777 731 3,008 237
Changes during 2020
New banks 14 12 3 3 0 9 2
Banks converted into branches -145 -142 -45 -17 -28 -97 -3
Ceased banking operations 2 -22 -20 -3 -1 -2 -17 -2
Other3 0 2 3 -5 8 -1 -2
Net change -153 -148 -42 -20 -22 -106 -5
Number, Dec. 31, 2020 4,600 4,368 1,466 757 709 2,902 232
Branches and additional offices
Number, Dec. 31, 2019 77,937 75,660 51,209 39,189 12,020 24,451 2,277
Changes during 2020
New branches 983 935 582 419 163 353 48
Banks converted to branches 145 137 65 27 38 72 8
Discontinued 2 -3,026 -3,004 -2,311 -1,937 -374 -693 -22
Other 3 0 0 351 169 182 -351 0
Net change -1,898 -1,932 -1,313 -1,322 9 -619 34
Number, Dec. 31, 2020 76,039 73,728 49,896 37,867 12,029 23,832 2,311
Banks affiliated with bank holding companies
Number, Dec. 31, 2019 4,026 3,906 1,369 689 680 2,537 120
Changes during 2019
BHC-affiliated new banks 36 33 7 4 3 26 3
Banks converted into branches -134 -132 -43 -16 -27 -89 -2
Ceased banking operations 2 -24 -22 -4 -1 −3 -18 -2
Other 3 0 2 3 -5 8 -1 -2
Net change -122 -119 -37 -18 -19 -82 -3
Number, Dec. 31, 2020 3,904 3,787 1,332 671 661 2,455 117

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 G.5A. Reserves of depository institutions, Federal Reserve Bank credit, and related items, year-end 1984–2020 and month-end 2020

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 assets4 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
2020 6,730,743 1,000 216,669 -567 393,420 7,341,265 11,041 5,200 50,535
2020, month-end
Jan. 3,801,137 170,452 54 -403 159,556 4,130,796 11,041 5,200 50,176
Feb. 3,863,237 126,240 72 -396 149,949 4,139,102 11,041 5,200 50,197
Mar. 4,727,376 262,725 493,024 -654 242,177 5,724,648 11,041 5,200 50,219
Apr. 5,585,514 168,351 570,726 -958 335,293 6,658,926 11,041 5,200 50,289
May 5,955,510 182,450 616,671 -652 350,450 7,104,429 11,041 5,200 50,345
Jun. 6,124,273 57,952 442,996 -730 362,982 6,987,473 11,041 5,200 50,401
Jul. 6,231,109 0 313,615 -384 376,797 6,921,137 11,041 5,200 50,454
Aug. 6,327,578 1 289,636 -615 370,694 6,987,294 11,041 5,200 50,382
Sep. 6,430,599 1,000 223,879 -1,329 382,865 7,037,014 11,041 5,200 50,411
Oct. 6,531,692 1,000 202,492 -383 395,928 7,130,729 11,041 5,200 50,425
Nov. 6,612,639 1,000 198,157 -546 384,575 7,195,825 11,041 5,200 50,500
Dec. 6,730,743 1,000 216,669 -567 393,420 7,341,265 11,041 5,200 50,535

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. From 2015–19, 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 1984–2014, refer to "Table 6B. Loans and other credit extensions, by type, year-end 1984–2014 and month-end 2014" of the 2014 Annual Report. As of 2020, includes only central bank liquidity swaps; primary, seasonal, and secondary credit; Primary Dealer Credit Facility; Money Market Mutual Fund Liquidity Facility; Paycheck Protection Program Liquidity Facility; and net portfolio holdings of Commercial Paper Funding Facility II LLC, Corporate Credit Facilities LLC, MS Facilities LLC (Main Street Lending Program), Municipal Facility LLC, and Term Asset-Backed Securities Loan Facility II LLC. 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 G.5A.—continued

Millions of dollars

Period Factors absorbing reserve funds Reserve balances with Federal Reserve Banks
Currency in circulation Reverse repurchase agreements6 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 Other8
1984 183,796 0 513 n/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
2020 2,089,224 216,051 28 0 1,728,569 0 21,838 194,327 n/a 49,075 2,994,932
2020, month-end
Jan. 1,791,721 247,578 218 0 403,983 0 5,182 62,622 n/a 43,484 1,642,425
Feb. 1,801,222 228,944 287 0 357,251 0 5,187 77,563 n/a 44,156 1,690,931
Mar. 1,878,734 569,082 328 0 515,257 0 17,395 280,772 n/a 55,259 2,474,282
Apr. 1,911,867 279,813 301 0 1,180,035 0 16,351 203,242 n/a 63,655 3,070,191
May 1,948,861 257,920 207 0 1,449,129 0 16,278 168,672 n/a 48,298 3,215,150
Jun. 1,970,172 232,957 66 0 1,722,032 0 16,223 164,703 n/a 46,928 2,787,035
Jul. 1,995,243 226,178 49 0 1,763,090 0 16,229 136,719 n/a 47,290 2,689,036
Aug. 2,017,111 221,435 62 0 1,705,982 0 16,620 145,873 n/a 47,791 2,785,042
Sep. 2,032,544 205,233 25 0 1,781,679 0 18,916 160,477 n/a 47,545 2,743,246
Oct. 2,045,796 204,912 49 0 1,598,798 0 21,251 183,348 n/a 47,997 2,981,246
Nov. 2,067,346 191,550 44 0 1,622,986 0 21,284 165,736 n/a 49,737 3,029,883
Dec. 2,089,224 216,051 28 0 1,728,569 0 21,838 194,327 n/a 49,075 2,994,932

 6. Cash value of agreements, which are collaterized 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. In 2020, includes equity investments in Commercial Paper Funding Facility II LLC, Corporate Credit Facilities LLC, MS Facilities LLC (Main Street Lending Program), Municipal Facility LLC, and Term Asset-Backed Securities Loan Facility II LLC. Return to table

n/a Not applicable.

Table G.5B. 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
stock6		 Special
drawing
rights
certificate
account		 Treasury
currency
outstanding 7
Securities
held
outright 1		 Repurchase
agreements2		 Loans Float3 All
other4		 Other
Federal
Reserve
assets5		 Total
1918 239 0 1,766 199 294 0 2,498 2,873 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 G.5B. Reserves of depository institutions, Federal Reserve Bank credit, and related items, year-end 1918–1983—continued

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 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 -1,10314
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). SinceSeptember 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 G.6. Principal assets and liabilities of insured commercial banks, June 30, 2020 and 2019

Millions of dollars, except as noted

Item Total Member banks Nonmember
banks
Total National State
2020
Assets
Loans and investments 13,768,118 10,957,632 8,917,674 2,039,958 2,810,485
Loans, gross 9,773,863 7,478,505 6,065,786 1,412,719 2,295,358
Net 9,770,358 7,476,610 6,064,359 1,412,252 2,293,748
Investments 3,994,254 3,479,127 2,851,888 627,239 515,127
U.S. government securities 796,738 757,345 668,668 88,677 39,393
Other 3,197,517 2,721,782 2,183,220 538,562 475,734
Cash assets, total 2,189,551 1,895,457 1,516,153 379,304 294,094
Liabilities
Deposits, total 14,391,906 11,724,208 9,591,713 2,132,494 2,667,699
Interbank 305,180 282,167 235,742 46,425 23,013
Other transactions 2,865,179 2,362,351 1,718,761 643,590 502,828
Other nontransactions 11,221,548 9,079,690 7,637,210 1,442,480 2,141,858
Equity capital 2,008,346 1,632,639 1,330,759 301,880 375,707
Number of banks 4,421 1,479 778 701 2,942
2019
Assets
Loans and investments 12,443,668 10,118,249 7,977,653 2,140,595 2,325,419
Loans, gross 9,068,571 7,171,574 5,640,140 1,531,434 1,896,997
Net 9,066,524 7,170,233 5,639,087 1,531,147 1,896,291
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 259,729 237,395 193,824 43,570 22,335
Other transactions 1,923,550 1,577,689 1,196,523 381,166 345,860
Other nontransactions 9,581,140 7,853,613 6,276,435 1,577,178 1,727,527
Equity capital 1,955,665 1,627,673 1,287,905 339,768 327,991
Number of banks 4,621 1,542 798 744 3,079

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 2019 have been revised.

Table G.7. 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
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 G.8A. Statement of condition of the Federal Reserve Banks, by Bank, December 31, 2020 and 2019

Millions of dollars

Item Total Boston New York Philadelphia Cleveland Richmond
2020 2019 2020 2019 2020 2019 2020 2019 2020 2019 2020 2019
Assets
Gold certificates 11,037 11,037 337 351 3,665 3,707 319 327 524 531 753 754
Special drawing rights certificates 5,200 5,200 196 196 1,818 1,818 210 210 237 237 412 412
Coin 1,563 1,657 31 40 39 41 130 146 86 100 206 220
Loans and securities
Primary, secondary, and seasonal loans 1,602 42 62 * 876 10 10 0 1 0 49 0
Other loans 54,535 0 4,773 0 8,615 0 6,264 0 1,559 0 3,083 0
Securities purchased under agreements to resell1 1,000 255,619 22 5,303 518 139,458 23 6,190 31 7,479 63 15,643
Treasury securities, bought outright 2 4,688,929 2,328,933 105,298 48,316 2,427,729 1,270,598 106,976 56,399 146,702 68,139 293,874 142,522
Government-sponsored enterprise debt securities, bought outright 2 2,347 2,347 53 49 1,215 1,280 54 57 73 69 147 144
Federal agency and government-sponsored enterprise mortgage-backed securities, bought outright 3 2,039,467 1,408,677 45,800 29,225 1,055,950 768,533 46,530 34,113 63,809 41,214 127,822 86,206
Unamortized premiums on securities held outright4 343,009 124,577 7,703 2,584 177,596 67,965 7,826 3,017 10,732 3,645 21,498 7,624
Unamortized discounts on securities held outright 4 -5,532 -13,284 -124 -276 -2,864 -7,247 -126 -322 -173 -389 -347 -813
Total loans and securities 7,125,357 4,106,911 163,587 85,201 3,669,635 2,240,597 167,557 99,454 222,734 120,157 446,189 251,326
Consolidated variable interest entities: Assets held, net 5 140,335 n/a 51,790 n/a 88,545 n/a n/a n/a n/a n/a n/a n/a
Accrued interest receivable - System Open Market Account 30,057 20,746 677 432 15,548 11,303 687 505 945 610 1,895 1,280
Foreign currency denominated investments6 22,204 20,711 1,054 892 7,462 6,572 799 1,197 1,897 1,653 4,687 4,416
Central bank liquidity swaps 7 17,883 3,728 849 161 6,010 1,183 644 215 1,528 298 3,775 795
Other assets
Items in process of collection 132 82 * * * * * 1 * * * *
Bank premises 2,229 2,211 101 105 462 463 134 92 127 119 185 193
Deferred asset - remittances to the Treasury 926 0 -12 0 1,055 0 3 0 -13 0 -45 0
All other assets 8 2,970 1,358 1,579 43 258 335 38 29 63 56 348 307
Interdistrict settlement account 0 0 -4,919 22,285 167,835 -164,555 -8,481 -16,586 86,860 17,803 108,472 17,982
Total assets 7,359,893 4,173,641 215,270 109,706 3,962,332 2,101,464 162,040 85,590 314,988 141,564 566,877 277,685
Liabilities
Federal Reserve notes outstanding 2,192,130 1,955,848 66,817 60,820 705,757 639,066 61,623 57,605 101,042 94,047 164,169 133,974
Less: Notes held by Federal Reserve Bank 151,855 196,421 4,534 5,475 30,162 51,623 5,594 7,978 7,610 8,280 12,910 15,317
Federal Reserve notes outstanding, net 2,040,275 1,759,427 62,283 55,345 675,595 587,443 56,029 49,627 93,432 85,767 151,259 118,657
Securities sold under agreements to repurchase 1 216,051 336,649 4,852 6,984 111,862 183,666 4,929 8,152 6,760 9,849 13,541 20,602
Deposits                        
Depository institutions 2,994,932 1,548,849 107,297 45,313 1,274,441 884,120 99,375 26,040 207,045 42,395 392,342 129,285
Treasury, general account 1,728,569 403,853 n/a n/a 1,728,569 403,853 n/a n/a n/a n/a n/a n/a
Foreign, official accounts 21,838 5,182 2 2 21,812 5,154 1 2 3 3 8 9
Other 9 195,827 74,074 1,859 65 56,432 21,584 0 0 4,017 37 766 346
Total deposits 4,941,166 2,031,958 109,158 45,380 3,081,254 1,314,711 99,376 26,042 211,065 42,435 393,116 129,640
Other liabilities
Accrued remittances to the Treasury 10 0 2,114 0 14 0 947 0 221 0 40 0 155
Deferred credit items 698 725 0 0 0 0 0 0 0 0 0 0
Consolidated variable interest entities: Other liabilities 213 n/a 187 n/a 26 n/a n/a n/a n/a n/a n/a n/a
Deposit - Treasury funding of lending facility credit protection 1,500 n/a 1,500 n/a 0 n/a n/a n/a n/a n/a n/a n/a
All other liabilities 11 10,143 4,245 410 154 4,876 1,751 297 162 340 181 799 500
Total liabilities 7,210,046 4,135,118 178,390 107,877 3,873,613 2,088,518 160,631 84,204 311,597 138,272 558,715 269,554
Capital accounts
Capital paid-in 32,376 31,698 1,470 1,505 10,880 10,653 1,163 1,141 2,800 2,709 6,738 6,690
Surplus (including accumulated other comprehensive loss) 6,825 6,825 310 324 2,294 2,294 245 246 590 583 1,420 1,441
Total Reserve Bank capital 39,201 38,523 1,780 1,829 13,174 12,947 1,408 1,387 3,390 3,292 8,158 8,131
Consolidated variable interest entities formed to administer credit and liquidity facilities: Non-controlling interest 110,646 n/a 35,098 n/a 75,548 n/a n/a n/a n/a n/a n/a n/a
Total Reserve Bank capital and consolidated variable interest entities non-controlling interest 149,847 38,523 36,878 1,829 88,722 12,947 1,408 1,387 3,390 3,292 8,158 8,131
Total liabilities and capital accounts 7,359,893 4,173,641 215,268 109,706 3,962,335 2,101,465 162,039 85,591 314,987 141,564 566,873 277,685

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. The Federal Reserve Bank of Boston is the primary beneficiary of MS Facilities LLC (Main Street Lending Program), and the Federal Reserve Bank of New York is the primary beneficiary of Commercial Paper Funding Facility LLC, Corporate Credit Facilities LLC, Municipal Liquidity Facility LLC, and Term Asset-Backed Securities Loan Facility II LLC. As a result, the accounts and results of operations of those LLCs are included in the combined financial statements of the Federal Reserve Banks. Return to table

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

 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. Return to table

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

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

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

 11. 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 G.8A. Statement of condition of the Federal Reserve Banks, by Bank, December 31, 2020 and 2019—continued

Millions of dollars

Item Atlanta Chicago St. Louis Minneapolis Kansas City Dallas San Francisco
2020 2019 2020 2019 2020 2019 2020 2019 2020 2019 2020 2019 2020 2019
Assets
Gold certificates 1,529 1,560 713 711 329 328 180 186 297 292 920 890 1,471 1,400
Special drawing rights certificates 654 654 424 424 150 150 90 90 153 153 282 282 574 574
Coin 154 169 258 276 33 31 43 48 106 113 183 192 293 282
Loans and securities
Primary, secondary, and seasonal loans 37 1 95 19 1 1 10 9 16 1 47 * 398 1
Other Loans, net 2,120 0 1,403 0 1,383 0 7,945 0 4,451 0 1,865 0 11,073 0
Securities purchased under agreements to resell 1 74 17,477 56 13,418 16 3,674 9 2,212 16 3,790 48 11,099 124 29,875
Treasury securities, bought outright 2 345,557 159,236 261,899 122,249 74,084 33,473 44,314 20,153 74,564 34,534 225,979 101,125 581,953 272,189
Government-sponsored enterprise debt securities, bought outright 2 173 160 131 123 37 34 22 20 37 35 113 102 291 274
Federal agency and government-sponsored enterprise mortgage-backed securities, bought outright 3 150,301 96,316 113,914 73,943 32,223 20,246 19,274 12,190 32,432 20,888 98,290 61,166 253,123 164,636
Unamortized premiums on securities held outright 4 25,279 8,518 19,159 6,539 5,419 1,790 3,242 1,078 5,455 1,847 16,531 5,409 42,572 14,560
Unamortized discounts on securities held outright 4 -408 -908 -309 -697 -87 -191 -52 -115 -88 -197 -267 -577 -687 -1,553
Total loans and securities 523,133 280,800 396,348 215,594 113,076 59,027 74,764 35,547 116,883 60,898 342,606 178,324 888,847 479,982
Consolidated variable interest entities: Assets held, net 5 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
Accrued interest receivable - System Open Market Account 2,213 1,418 1,677 1,088 475 298 284 179 478 307 1,446 899 3,732 2,427
Foreign currency denominated investments 6 1,101 1,204 862 865 364 316 174 98 234 201 264 256 3,306 3,041
Central bank liquidity swaps 7 887 217 694 156 293 57 140 18 189 36 212 46 2,663 547
Other assets
Items in process of collection 132 81 * * * * * * * * * * * *
Bank premises 200 203 186 194 97 102 91 93 231 228 219 224 197 196
Deferred asset - remittances to the Treasury -68 0 17 0 11 0 9 0 2 0 24 0 -57 0
All other assets8 85 80 52 46 100 107 83 66 131 103 59 57 177 130
Interdistrict settlement account -112,353 32,067 5,189 32,779 -19,246 10,206 -12,985 4,961 -12,766 12,287 -31,818 23,822 -165,789 6,951
Total assets 417,667 318,453 406,420 252,133 95,682 70,622 62,873 41,286 105,938 74,618 314,397 204,992 735,414 495,530
Liabilities
Federal Reserve notes outstanding 302,765 273,526 142,287 126,522 63,686 59,561 36,247 31,925 59,920 54,132 186,470 164,272 301,347 260,398
Less: Notes held by Federal Reserve Bank 21,798 29,567 9,680 11,593 4,660 4,775 2,680 2,837 4,736 6,680 13,854 18,681 33,638 33,616
Federal Reserve notes outstanding, net 280,967 243,959 132,607 114,929 59,026 54,786 33,567 29,088 55,184 47,452 172,616 145,591 267,709 226,782
Securities sold under agreements to repurchase 1 15,922 23,018 12,067 17,671 3,414 4,839 2,042 2,913 3,436 4,992 10,412 14,618 26,815 39,345
Deposits
Depository institutions 114,835 47,428 140,534 69,052 32,260 10,200 26,641 8,744 40,311 19,336 125,751 43,935 434,101 223,003
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 2 2 2 1 1 0 * 0 * 0 * 6 6
Other9 2,804 913 119,069 48,592 1 3 87 103 6,324 2,256 4,446 74 21 102
Total deposits 117,641 48,343 259,605 117,646 32,262 10,204 26,728 8,847 46,635 21,592 130,197 44,009 434,128 223,111
Other liabilities
Accrued remittances to the Treasury10 0 256 0 90 0 41 0 3 0 13 0 123 0 212
Deferred credit items 696 713 0 0 0 0 0 * 3 12 0 0 0 0
Consolidated variable interest entities: Other liabilities 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
Deposit - Treasury funding of lending facility credit protection 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
All other liabilities11 668 254 604 301 238 120 201 134 257 151 464 194 989 344
Total liabilities 415,894 316,543 404,883 250,637 94,940 69,990 62,538 40,985 105,515 74,212 313,689 204,535 729,641 489,794
Capital accounts
Capital paid-in 1,464 1,572 1,269 1,231 616 520 275 248 350 334 583 376 4,768 4,720
Surplus (including accumulated other comprehensive loss) 309 338 267 265 130 112 58 53 74 72 123 81 1,005 1,016
Total Reserve Bank capital 1,773 1,910 1,536 1,496 746 632 333 301 424 406 706 457 5,773 5,736
Consolidated variable interest entities formed to administer credit and liquidity facilities: Non-controlling interest 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
Total Reserve Bank capital and consolidated variable interest entities non-controlling interest 1,773 1,910 1,536 1,496 746 632 333 301 424 406 706 457 5,773 5,736
Total liabilities and capital accounts 417,667 318,453 406,419 252,133 95,686 70,622 62,871 41,286 105,939 74,618 314,395 204,992 735,414 495,530

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. The Federal Reserve Bank of Boston is the primary beneficiary of MS Facilities LLC (Main Street Lending Program), and the Federal Reserve Bank of New York is the primary beneficiary of Commercial Paper Funding Facility LLC, Corporate Credit Facilities LLC, Municipal Liquidity Facility LLC, and Term Asset-Backed Securities Loan Facility II LLC. As a result, the accounts and results of operations of those LLCs are included in the combined financial statements of the Federal Reserve Banks. Return to table

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

 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. Return to table

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

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

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

 11. 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 G.8B. Statement of condition of the Federal Reserve Banks, December 31, 2020 and 2019 Supplemental information—collateral held against Federal Reserve notes: Federal Reserve agents' accounts

Millions of dollars

Item 2020 2019
Federal Reserve notes outstanding 2,192,130 1,955,848
Less: Notes held by Federal Reserve Banks not subject to collateralization 151,855 196,421
Collateralized Federal Reserve notes 2,040,275 1,759,427
     
Collateral for Federal Reserve notes
Gold certificates 11,037 11,037
Special drawing rights certificates 5,200 5,200
U.S. Treasury securities1 2,024,038 1,743,190
Total collateral 2,040,275 1,759,427

 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 G.9. Income and expenses of the Federal Reserve Banks, by Bank, 2020

Thousands of dollars

Item Total Boston New York Philadelphia Cleveland Richmond
Current income
Interest income
Primary, secondary, and seasonal loans 22,180 711 14,513 201 283 215
Other loans, net 336,222 186,634 37,059 12,755 4,178 10,749
Interest income on securities purchased under agreements to resell 723,351 15,115 392,880 17,428 21,292 44,360
Treasury securities 67,539,231 1,484,766 35,488,362 1,567,067 2,075,193 4,205,362
Government-sponsored enterprise debt securities, net 135,187 2,968 71,104 3,140 4,149 8,414
Federal agency and government-sponsored enterprise mortgage-backed securities, net 32,338,364 706,765 17,059,675 753,729 988,692 2,009,975
Foreign currency denominated investments, net (40,475) (1,879) (13,424) (1,664) (3,405) (8,564)
Central bank liquidity swaps1 488,440 23,033 163,500 18,329 41,546 103,169
Total interest income 101,542,499 2,418,112 53,213,669 2,370,985 3,131,926 6,373,679
Income from priced services 446,201 — 128,081 — — —
Securities lending fees 32,783 712 17,361 767 997 2,034
Other income 14,684 394 8,842 266 432 717
Total other income 493,668 1,106 154,283 1,033 1,430 2,751
Total current income 102,036,167 2,419,218 53,367,952 2,372,018 3,133,356 6,376,430
Net expenses
Personnel
Salaries and other personnel expenses 2,783,294 157,036 596,901 117,503 128,044 394,534
Retirement and other benefits 851,976 45,002 190,633 34,242 39,529 117,094
Administrative
Fees 515,861 36,724 59,775 12,346 12,344 296,243
Travel 21,862 1,017 2,773 683 989 3,069
Postage and other shipping costs 14,062 150 1,754 139 1,505 394
Communications 42,356 1,098 4,323 701 685 25,817
Materials and supplies 77,691 5,415 22,088 10,193 3,396 7,073
Building
Taxes on real estate 56,523 8,738 15,861 1,741 1,597 2,405
Property depreciation 147,722 11,498 30,744 9,281 8,955 14,730
Utilities 31,322 3,106 7,250 1,264 1,260 3,466
Rent 34,374 276 2,040 57 1,003 23,601
Other building 78,255 12,735 14,970 3,917 5,039 5,478
Equipment/software
Purchases 38,032 2,345 4,259 1,248 2,006 7,253
Rentals 2,902 273 784 216 138 642
Depreciation 80,648 1,217 5,602 1,676 1,989 50,002
Repairs and maintenance 72,099 1,802 4,434 1,883 2,286 36,493
Software 305,381 6,409 45,366 4,104 10,011 149,087
Other expenses
Other expenses 219,155 174,351 182,592 18,349 18,637 (571,293)
Recoveries (372,272) (45,680) (37,340) (20,804) (7,187) (66,445)
Expenses capitalized2 (75,011) (1,387) (8,391) (1,641) (7,499) (1,658)
Total operating expenses before pension expense and reimbursements 4,926,231 422,126 1,146,417 197,096 224,726 497,984
System pension service costs 3 661,601 — 661,601 — — —
Reimbursements (731,851) (4,876) (174,490) (2,814) (61,920) (41,049)
Operating expenses 4,855,980 417,250 1,633,528 194,282 162,806 456,935
Interest expense on securities sold under agreements to repurchase 711,190 14,754 388,004 17,223 20,808 43,522
Interest to depository institutions and others 7,883,312 175,428 4,399,154 181,256 232,977 638,060
Other expenses 4,473 100 2,330 103 139 280
Net expenses (13,454,955) (607,531) (6,423,017) (392,864) (416,729) (1,138,797)
Current net income 88,581,212 1,811,686 46,944,935 1,979,155 2,716,627 5,237,634
Additions to (+) and deductions from (-) current net income
Profit on sales of Treasury securities 2,440 55 1,263 56 76 153
Profit on sales of federal agency and government-sponsored enterprise mortgage-backed securities 664,061 14,911 343,842 15,151 20,775 41,618
Foreign currency translation gains (losses) 1,541,876 73,792 520,750 52,487 132,535 325,142
Other components of net benefit cost 68,067 (16,014) 225,406 (5,577) (8,269) (24,672)
Other additions 2,660 1 280 (0) (1) 2,379
Other deductions (82,772) — (67,759) 4 (37) (853)
Net additions or deductions to current net income 2,196,332 72,745 1,023,783 62,119 145,079 343,767
Assessments by Board
Board expenditures 4 947,000 44,772 317,645 34,186 80,659 199,706
Cost of currency 831,133 34,364 171,915 33,942 52,248 71,767
Consumer Financial Protection Bureau 5 517,300 24,261 173,536 18,950 43,791 108,690
Assessments by the Board of Governors 2,295,433 103,397 663,096 87,077 176,698 380,162
Consolidated variable interest entities
Net income from consolidated variable interest entities (1,784,655) (2,400,682) 616,028 — — —
Non-controlling interest in consolidated variable interest entities (income), net 1,854,475 2,402,405 (547,930) — — —
Reserve Bank and consolidated variable interest entities net income before providing for remittances to the Treasury 88,551,932 1,782,756 47,373,720 1,954,197 2,685,007 5,201,239
Earnings remittances to the Treasury 86,890,110 1,784,372 46,057,454 1,926,819 2,653,366 5,161,686
Net income after providing for remittances to the Treasury 1,661,821 (1,616) 1,316,266 27,378 31,641 39,552
Other comprehensive income (loss) (1,275,509) 5,269 (1,208,652) (12,365) 4,317 7,047
Comprehensive income 386,312 3,653 107,614 15,014 35,957 46,599
Distribution of comprehensive income
Dividends on capital stock 386,312 17,795 107,722 15,524 29,032 66,696
Transferred to/from surplus and change in accumulated other comprehensive income — (14,142) (108) (510) 6,925 (20,097)
Earnings remittances to the Treasury 86,890,110 1,784,372 46,057,454 1,926,819 2,653,366 5,161,686
Total distribution of net income 87,276,422 1,788,025 46,165,068 1,941,832 2,689,324 5,208,285

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 Federal Reserve Bank of New York. Return to table

 4. For additional details, see the Board of Governors Financial Statements at https://www.federalreserve.gov/aboutthefed/audited-annual-financial-statements.htm. Return to table

 5. 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 G.9. Income and expenses of the Federal Reserve Banks, by Bank, 2020—continued

Thousands of dollars

Item Atlanta Chicago St. Louis Minneapolis Kansas City Dallas San Francisco
Current income
Interest income
Primary, secondary, and seasonal loans 177 1,708 179 136 422 552 3,084
Other loans, net 8,608 7,781 4,167 13,481 13,007 6,164 31,640
Interest income on securities purchased under agreements to resell 49,794 38,182 10,487 6,310 10,794 31,711 84,998
Treasury securities 4,877,985 3,709,575 1,040,453 623,401 1,053,966 3,165,861 8,247,241
Government-sponsored enterprise debt securities, net 9,750 7,417 2,079 1,246 2,107 6,325 16,489
Federal agency and government-sponsored enterprise mortgage-backed securities, net 2,322,694 1,768,008 494,712 296,553 502,040 1,504,251 3,931,269
Foreign currency denominated investments, net (2,089) (1,600) (653) (288) (419) (485) (6,007)
Central bank liquidity swaps1 24,520 19,069 7,967 3,718 5,121 5,816 72,652
Total interest income 7,291,440 5,550,140 1,559,391 944,557 1,587,039 4,720,195 12,381,367
Income from priced services 225,173 92,947 — — — — —
Securities lending fees 2,342 1,784 498 299 506 1,513 3,968
Other income 837 637 185 108 279 563 1,424
Total other income 228,352 95,368 683 407 786 2,077 5,392
Total current income 7,519,792 5,645,509 1,560,074 944,964 1,587,824 4,722,271 12,386,759
Net expenses
Personnel
Salaries and other personnel expenses 217,704 233,228 177,256 124,177 222,752 147,801 266,358
Retirement and other benefits 70,873 67,214 51,637 37,183 66,730 50,126 81,713
Administrative
Fees 14,728 8,488 9,155 6,136 18,564 3,922 37,436
Travel 2,217 2,526 1,128 653 2,182 1,329 3,297
Postage and other shipping costs 2,297 238 629 264 1,161 2,139 3,392
Communications 1,466 2,075 1,298 458 1,300 1,311 1,825
Materials and supplies 4,927 7,058 1,987 2,021 5,341 3,227 4,964
Building
Taxes on real estate 2,821 4,874 1,447 4,104 4,391 3,392 5,151
Property depreciation 12,068 15,456 7,966 4,063 8,896 10,069 13,997
Utilities 2,260 2,050 1,465 1,774 2,487 2,316 2,624
Rent 348 1,276 3,835 191 651 740 356
Other building 4,533 9,582 2,560 2,348 3,846 5,897 7,350
Equipment/software
Purchases 2,791 3,423 2,049 2,331 5,955 1,754 2,619
Rentals 246 465 14 64 21 24 14
Depreciation 2,952 3,688 1,634 1,153 3,109 3,337 4,289
Repairs and maintenance 5,601 3,512 1,480 1,275 2,591 3,740 7,002
Software 10,769 5,998 6,583 3,233 28,851 7,245 27,726
Other expenses
Other expenses 147,640 33,632 154,149 2,417 (5,665) 24,661 39,686
Recoveries (8,616) (24,717) (11,360) (15,990) (44,104) (31,544) (58,487)
Expenses capitalized 2 (2,911) (5,238) (1,771) (6,334) (22,668) (1,783) (13,731)
Total operating expenses before pension expense and reimbursements 494,714 374,826 413,141 171,522 306,392 239,704 437,584
System pension service costs 3 — — — — — — —
Reimbursements (27,006) (3,432) (245,288) (39,433) (109,195) (20,096) (2,251)
Operating expenses 467,707 371,393 167,854 132,088 197,197 219,608 435,332
Interest expense on securities sold under agreements to repurchase 48,626 37,331 10,222 6,154 10,546 30,881 83,119
Interest to depository institutions and others 241,026 515,438 53,330 45,388 84,315 249,513 1,067,426
Other expenses 327 248 70 42 71 213 551
Net expenses (757,687) (924,410) (231,476) (183,673) (292,128) (500,215) (1,586,429)
Current net income 6,762,105 4,721,098 1,328,598 761,292 1,295,696 4,222,057 10,800,330
Additions to (+) and deductions from (-) current net income
Profit on sales of Treasury securities 180 136 39 23 39 118 303
Profit on sales of federal agency and government-sponsored enterprise mortgage-backed securities 48,935 37,089 10,491 6,275 10,559 32,001 82,413
Foreign currency translation gains (losses) 75,294 59,477 25,432 12,496 16,379 18,237 229,855
Other components of net benefit cost (10,280) (26,539) (11,191) (9,355) (14,907) (4,168) (26,364)
Other additions (8) 11 (0) (0) (0) (0) (1)
Other deductions (5) 26 (14,148) (11) (1) 11 (0)
Net additions or deductions to current net income 114,115 70,200 10,623 9,428 12,069 46,197 286,206
Assessments by Board
Board expenditures 4 45,911 36,855 15,505 7,680 10,070 13,624 140,388
Cost of currency 126,439 69,961 27,744 16,126 24,521 72,150 129,956
Consumer Financial Protection Bureau5 26,196 20,054 8,398 4,047 5,442 7,545 76,390
Assessments by the Board of Governors 198,546 126,870 51,647 27,853 40,033 93,319 346,734
Consolidated variable interest entities
Net income from consolidated variable interest entities — — — — — — —
Non-controlling interest in consolidated variable interest entities (income), net — — — — — — —
Reserve Bank and consolidated variable interest entities net income before providing for remittances to the Treasury 6,677,674 4,664,428 1,287,574 742,867 1,267,733 4,174,935 10,739,802
Earnings remittances to the Treasury 6,681,631 4,624,672 1,250,242 723,806 1,249,886 4,105,690 10,670,486
Net income after providing for remittances to the Treasury (3,958) 39,756 37,332 19,061 17,847 69,245 69,317
Other comprehensive income (loss) (2,746) (13,893) (6,993) (7,636) (3,723) (12,048) (24,085)
Comprehensive income (6,704) 25,863 30,339 11,425 14,124 57,197 45,231
Distribution of comprehensive income
Dividends on capital stock 23,074 23,470 12,431 6,836 12,264 15,247 56,221
Transferred to/from surplus and change in accumulated other comprehensive income (29,778) 2,393 17,908 4,589 1,860 41,950 (10,990)
Earnings remittances to the Treasury 6,681,631 4,624,672 1,250,242 723,806 1,249,886 4,105,690 10,670,486
Total distribution of net income 6,674,928 4,650,535 1,280,581 735,231 1,264,009 4,162,888 10,715,717

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 Federal Reserve Bank of New York. Return to table

 4. For additional details, see the Board of Governors Financial Statements at https://www.federalreserve.gov/aboutthefed/audited-annual-financial-statements.htm. Return to table

 5. 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 G.10. Income and expenses of the Federal Reserve Banks, 1914–2020

Thousands of dollars

Federal Reserve Bank
and
period		 Current
income		 Net
expenses		 Net
additions
or
deductions (−) 1 ,2		 Assessments by the
Board of Governors		 Other
comprehensive
income
(loss)		 Dividends
paid		 Distributions to the U.S. Treasury Transferred to/from surplus 5 Transferred to/from surplus and change in accumulated other comprehensive income 6
Board expenditures Costs of
currency		 Consumer Financial Protection Bureau and Office of
Financial Research 3		 Statutory transfers4 Interest on Federal Reserve notes
All banks
1914–15 2,173 2,018 6 302 n/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
2020 102,036,168 13,454,957 2,266,152 947,000 831,133 517,300 -1,275,509 386,312 86,890,110 n/a n/a 0
Total 1914–2020 1,961,103,747 276,973,707 41,021,946 13,047,117 18,447,472 4,869,377 -2,569,884 25,818,777 449,198,072 1,198,433,402 -4 12,767,3897
Aggregate for each Bank, 1914–2020
Boston 68,392,808 8,827,198 415,348 566,293 964,041 216,006 15,371 1,130,976 11,772,420 44,842,511 135 518,083
New York 909,786,643 131,598,0268 27,476,759 3,779,742 4,744,802 1,570,463 -2,747,278 7,315,810 235,705,652 545,077,826 -433 4,724,342
Philadelphia 60,340,306 8,981,468 860,275 770,039 838,315 301,067 12,368 1,771,429 11,831,153 36,308,189 291 411,507
Cleveland 78,708,404 8,598,449 854,893 994,373 1,067,569 385,326 23,628 1,930,148 16,099,870 49,612,575 -10 891,692
Richmond 140,422,978 20,243,201 2,656,023 2,528,561 1,583,191 1,037,842 51,211 5,203,690 28,737,141 81,295,580 -72 2,521,180
Atlanta 129,936,087 18,185,877 1,853,900 842,029 2,078,428 274,569 41,839 1,673,926 32,531,303 75,616,315 5 659,155
Chicago 154,180,037 19,218,923 1,972,322 818,702 1,867,604 164,014 17,325 1,519,274 22,088,217 109,806,844 12 683,716
St. Louis 45,283,553 5,449,841 443,759 209,944 635,126 54,419 27,368 403,676 7,598,407 31,149,772 -27 235,623
Minneapolis 25,134,449 5,201,699 434,934 217,421 360,838 28,174 8,781 464,493 3,653,323 15,436,029 65 211,534
Kansas City 50,262,967 7,760,110 600,008 230,350 644,157 49,125 -18,191 448,070 7,040,057 34,476,668 -9 194,396
Dallas 80,588,986 10,099,594 1,146,141 336,833 1,177,253 69,906 19,408 642,817 19,247,326 49,889,286 55 249,026
San Francisco 218,066,517 32,809,321 2,307,586 1,752,836 2,486,146 718,471 -21,711 3,314,467 52,893,206 124,921,807 -17 1,467,138
Total 1,961,103,746 276,973,705 41,021,948 13,047,118 18,447,472 4,869,377 -2,569,883 25,818,777 449,198,072 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. The Federal Reserve Bank of Boston is the primary beneficiary of MS Facilities LLC (Main Street Lending Program), and the Federal Reserve Bank of New York is the primary beneficiary of Commercial Paper Funding Facility LLC, Corporate Credit Facilities LLC, Municipal Liquidity Facility LLC, and Term Asset-Backed Loan Facility II LLC. As a result, the accounts and results of operations of those LLCs are included in the combined financial statements of the Federal Reserve Banks. Return to table

 3. 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

 4. 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 2015–20. Return to table

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

 6. 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

 7. 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), and $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, 2020. Return to table

 8. This amount is reduced by $9,176,997 thousand for expenses of the System Retirement Plan. See note 4, " Table G.9. Income and expenses of the Federal Reserve Banks, by Bank, 2020." Return to table

n/a Not applicable.

Table G.11. Operations in principal departments of the Federal Reserve Banks, 2017–20
Operation 2020 2019 2018 2017
Millions of pieces
Currency processed 26,596 33,042 r 34,312 32,942
Currency destroyed 2,043 5,140 r 4,819 4,571
Coin received 33,994 56,101 56,012 r 58,249 r
Checks handled
U.S. government checks 1 83 52 53 56
Postal money orders 74 80 83 85
Commercial 3,767 4,389 4,740 5,153
Securities transfers2 21 19 17 16
Funds transfers 3 184 168 158 153
Automated clearinghouse transactions
Commercial 16,549 15,584 14,692 13,749
Government 1,878 1,704 1,668 1,629
Millions of dollars
Currency processed 561,278 665,246 r 659,126 644,395
Currency destroyed 30,514 84,254 r 98,590 112,202
Coin received 3,294 5,408 5,387 5,585
Checks handled
U.S. government checks 1 205,905 149,337 148,149 145,599
Postal money orders 20,558 21,412 21,034 r 20,682
Commercial 7,874,721 8,317,894 8,485,159 8,438,008
Securities transfers 2 361,728,932 345,813,248 296,335,209 299,334,719
Funds transfers 3 840,483,038 695,835,129 716,211,759 740,096,838
Automated clearinghouse transactions
Commercial 31,446,232 28,081,631 25,860,072 23,398,576
Government 6,852,715 5,787,018 5,515,114 5,370,695

 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

r Revised.

Table G.12. Number and annual salaries of officers and employees of the Federal Reserve Banks, December 31, 2020
Federal Reserve Bank
(including branches)		 President Other officers Employees Total
Annual
salary
(dollars) 1		 Number Annual
salaries
(dollars) 1		 Number Annual
salaries
(dollars) 1, 3		 Number Annual
salaries
(dollars) 1, 3
Full
time		 Part
time		 Temporary/
hourly2
Boston 450,500 104 28,184,720 976 14 9 123,653,608 1,104 152,288,828
New York 506,300 596 164,730,014 2,456 25 0 342,356,820 3,078 507,593,134
Philadelphia 435,100 75 17,514,175 791 10 27 87,796,452 904 105,745,727
Cleveland 428,500 77 18,128,550 958 16 18 98,080,527 1,070 116,637,577
Richmond 405,800 96 21,320,000 1,383 12 11 140,501,883 1,503 162,227,683
Atlanta 417,700 111 26,249,267 1,570 19 37 167,228,070 1,738 193,895,037
Chicago 450,500 144 35,954,504 1,438 29 0 170,064,771 1,612 206,469,775
St. Louis 404,200 101 24,172,700 1,306 17 9 133,541,504 1,434 158,118,404
Minneapolis 435,200 66 15,628,802 986 43 9 97,263,227 1,105 113,327,229
Kansas City 404,400 112 23,622,700 1,937 13 5 170,973,915 2,068 195,001,015
Dallas 440,700 81 18,724,492 1,202 14 16 115,392,329 1,314 134,557,521
San Francisco 482,900 115 31,164,430 1,663 17 37 205,489,973 1,833 237,137,303
Federal Reserve Information Technology n/a 88 20,958,800 1,300 1 2 168,840,214 1,391 189,799,014
Office of Employee Benefits n/a 17 4,880,300 45 1 0 6,162,460 63 11,042,760
Total 5,261,800 1,783 451,233,454 18,011 231 180 2,027,345,753 20,217 2,483,841,007

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

 1. Annual salary (excluding outside agency costs) based on salaries in effect on December 31, 2020. 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). Return to table

 3. Annual salary totals include pandemic premium pay for essential staff as a result of COVID-19. Return to table

n/a Not applicable.

Table G.13. Acquisition costs and net book value of the premises of the Federal Reserve Banks and Branches, December 31, 2020

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		 Total2
Boston 27,293 210,456 48,616 286,365 100,504 n/a
New York 69,326 634,859 147,504 851,689 462,231 n/a
Philadelphia 8,146 179,801 50,775 238,722 134,359 n/a
Cleveland 4,219 162,292 40,014 206,525 106,423 n/a
Cincinnati 5,126 32,912 21,830 59,868 20,188 n/a
Richmond 32,524 185,309 67,103 284,936 124,648 n/a
Baltimore 7,917 43,911 16,112 67,940 27,645 n/a
Charlotte 7,884 46,560 17,581 72,025 32,343 n/a
Atlanta 25,185 165,513 25,523 216,221 128,549 n/a
Birmingham 5,347 13,283 3,144 21,774 11,301 n/a
Jacksonville 2,185 28,252 15,174 45,611 23,531 n/a
New Orleans 3,789 16,561 8,572 28,922 11,593 n/a
Miami 4,598 36,058 15,029 55,685 24,957 n/a
Chicago 7,460 258,344 44,478 310,282 117,086 n/a
Detroit 13,373 76,010 15,091 104,474 69,016 n/a
St. Louis 9,942 148,191 19,414 177,547 90,132 n/a
Memphis 2,472 18,799 6,734 28,005 7,021 n/a
Minneapolis 22,998 114,886 21,192 159,076 83,800 n/a
Helena 3,316 10,366 2,068 15,750 7,485 n/a
Kansas City 38,965 218,854 26,435 284,254 207,104 n/a
Denver 4,499 15,017 6,119 25,635 11,001 n/a
Omaha 4,727 12,960 3,289 20,976 12,447 n/a
Dallas 38,100 150,638 39,337 228,075 115,296 n/a
El Paso 262 6,207 3,596 10,065 3,904 n/a
Houston 32,323 104,845 9,604 146,772 99,566 n/a
San Francisco 20,988 151,515 38,155 210,658 86,067 n/a
Los Angeles 6,306 94,268 28,665 129,239 58,445 n/a
Salt Lake City 1,294 6,666 3,036 10,996 4,004 n/a
Seattle 13,101 50,282 5,829 69,212 48,476 n/a
Total 423,665 3,193,615 750,019 4,367,299 2,229,122 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: August 26, 2021