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Release Date: Thursday, March 13, 2014
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FEDERAL RESERVE statistical release

For Release at

4:30 P.M. EDT

June 12, 2014

Table 10 line items "Less: Face value of securities under reverse repurchase agreements" and "U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged" have been corrected to include securities pledged as collateral for tri-party reverse repurchase agreements.

The revised data are reported at the following link: http://www.federalreserve.gov/releases/h41/2014update.htm.

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

FEDERAL RESERVE statistical release

H.4.1

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

March 13, 2014

1. Factors Affecting Reserve Balances of Depository Institutions

Millions of dollars

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

Averages of daily figures

Wednesday
Mar 12, 2014

Week ended
Mar 12, 2014

Change from week ended

Mar 5, 2014

Mar 13, 2013

Reserve Bank credit

4,134,543

+   11,160

+1,049,838

4,138,150

Securities held outright1

3,914,509

+    8,767

+1,045,203

3,917,478

U.S. Treasury securities

2,292,975

+    8,744

+  525,918

2,295,938

Bills2

         0

         0

         0

         0

Notes and bonds, nominal2

2,185,904

+    8,641

+  507,109

2,188,835

Notes and bonds, inflation-indexed2

    93,608

+        3

+   15,912

    93,608

Inflation compensation3

    13,462

+       99

+    2,895

    13,495

Federal agency debt securities2

    51,411

         0

-   22,177

    51,411

Mortgage-backed securities4

1,570,123

+       23

+  541,463

1,570,129

Unamortized premiums on securities held outright5

   208,912

-      329

+   22,695

   208,797

Unamortized discounts on securities held outright5

   -16,113

-      364

-   14,447

   -16,282

Repurchase agreements6

         0

         0

         0

         0

Loans

       105

+        5

-      287

       104

Primary credit

         6

+        2

         0

         4

Secondary credit

         0

         0

         0

         0

Seasonal credit

         5

+        3

+        5

         6

Term Asset-Backed Securities Loan Facility7

        95

         0

-      291

        95

Other credit extensions

         0

         0

         0

         0

Net portfolio holdings of Maiden Lane LLC8

     1,582

+        1

+      187

     1,585

Net portfolio holdings of Maiden Lane II LLC9

        63

         0

+        1

        63

Net portfolio holdings of Maiden Lane III LLC10

        22

         0

         0

        22

Net portfolio holdings of TALF LLC11

       105

-        1

-      294

       105

Float

      -675

-       26

-       85

      -731

Central bank liquidity swaps12

       457

-        1

-    7,531

       457

Other Federal Reserve assets13

    25,576

+    3,110

+    4,397

    26,550

Foreign currency denominated assets14

    24,110

-       23

+      339

    24,186

Gold stock

    11,041

         0

         0

    11,041

Special drawing rights certificate account

     5,200

         0

         0

     5,200

Treasury currency outstanding15

    45,679

+       14

+      749

    45,679

Total factors supplying reserve funds

4,220,574

+   11,152

+1,050,927

4,224,256

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.


1. Factors Affecting Reserve Balances of Depository Institutions (continued)

Millions of dollars

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

Averages of daily figures

Wednesday
Mar 12, 2014

Week ended
Mar 12, 2014

Change from week ended

Mar 5, 2014

Mar 13, 2013

Currency in circulation15

1,260,110

+    6,321

+   85,133

1,262,007

Reverse repurchase agreements16

   159,583

-   38,602

+   68,278

   161,627

Foreign official and international accounts

    96,786

-    3,276

+    5,481

    95,427

Others

    62,797

-   35,326

+   62,797

    66,200

Treasury cash holdings

       272

+        2

+       47

       278

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

    84,798

+   20,053

+    9,064

    74,952

Term deposits held by depository institutions

    13,542

+   13,542

+   13,542

    13,542

U.S. Treasury, General Account

    56,141

+   10,747

+   13,141

    42,797

Foreign official

     6,844

-    1,130

-      758

     6,570

Other17

     8,270

-    3,108

-   16,862

    12,043

Other liabilities and capital18

    63,790

+      965

-    2,660

    62,705

Total factors, other than reserve balances,
absorbing reserve funds

1,568,553

-   11,261

+  159,862

1,561,570

Reserve balances with Federal Reserve Banks

2,652,021

+   22,413

+  891,065

2,662,686

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

1.

Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.

2.

Face value of the securities.

3.

Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed securities.

4.

Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the remaining principal balance of
the securities.

5.

Reflects the premium or discount, which is the difference between the purchase price and the face value of the securities that has not been amortized.  For U.S. Treasury and Federal agency debt securities, amortization is on a straight-line basis.  For mortgage-backed securities, amortization is on an effective-interest basis.

6.

Cash value of agreements.

7.

Includes credit extended by the Federal Reserve Bank of New York to eligible borrowers through the Term Asset-Backed Securities Loan Facility.

8.

Refer to table 4 and the note on consolidation accompanying table 9.

9.

Refer to table 5 and the note on consolidation accompanying table 9.

10.

Refer to table 6 and the note on consolidation accompanying table 9.

11.

Refer to table 7 and the note on consolidation accompanying table 9.

12.

Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned
to the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the
foreign central bank.

13.

Includes accrued interest, which represents the daily accumulation of interest earned, and other accounts receivable.  Also, includes Reserve Bank premises and equipment net of allowances for depreciation.

14.

Revalued daily at current foreign currency exchange rates.

15.

Estimated.

16.

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

17.

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

18.

Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to entities other than the Federal Reserve Bank of New York, including liabilities that have recourse only to the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note on consolidation accompanying table 9. Also includes the liability for interest on Federal Reserve notes due to U.S. Treasury. Refer to table 8 and table 9.

Sources: Federal Reserve Banks and the U.S. Department of the Treasury.



1A. Memorandum Items

Millions of dollars

Memorandum item

Averages of daily figures

Wednesday
Mar 12, 2014

Week ended
Mar 12, 2014

Change from week ended

Mar 5, 2014

Mar 13, 2013

Securities held in custody for foreign official and international accounts

3,273,729

-   47,579

-   17,444

3,206,307

Marketable U.S. Treasury securities1

2,921,999

-   46,596

-   34,028

2,855,397

Federal agency debt and mortgage-backed securities2

   306,573

-      661

+    9,742

   306,301

Other securities3

    45,156

-      324

+    6,842

    44,609

Securities lent to dealers

    11,672

+    1,681

-    3,290

    12,723

Overnight facility4

    11,672

+    1,681

-    3,290

    12,723

U.S. Treasury securities

    10,258

+    1,530

-    3,770

    11,374

Federal agency debt securities

     1,413

+      150

+      479

     1,349

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

1.

Includes securities and U.S. Treasury STRIPS at face value, and inflation compensation on TIPS. Does not include securities pledged as collateral to foreign official and international account holders against reverse repurchase agreements with the Federal Reserve presented in tables 1, 8, and 9.

2.

Face value of federal agency securities and current face value of mortgage-backed securities, which is the remaining principal balance of the securities.

3.

Includes non-marketable U.S. Treasury securities, supranationals, corporate bonds, asset-backed securities, and commercial paper at face value.

4.

Face value. Fully collateralized by U.S. Treasury securities.


2. Maturity Distribution of Securities, Loans, and Selected Other Assets and Liabilities, March 12, 2014

Millions of dollars

Remaining Maturity

Within 15
days

16 days to
90 days

91 days to
1 year

Over 1 year
to 5 years

Over 5 year
to 10 years

Over 10
years

All

Loans1

         4

         6

        95

         0

         0

...

       104

U.S. Treasury securities2

Holdings

         0

        40

       141

   828,168

   859,084

   608,506

2,295,938

Weekly changes

         0

         0

         0

+       12

+    5,030

+    2,444

+    7,485

Federal agency debt securities3

Holdings

     4,068

     3,261

     7,205

    34,468

        62

     2,347

    51,411

Weekly changes

         0

         0

         0

         0

         0

         0

         0

Mortgage-backed securities4

Holdings

         0

         0

         0

         5

     2,940

1,567,183

1,570,129

Weekly changes

         0

         0

         0

         0

         0

+       10

+       10

Asset-backed securities held by
TALF LLC5

         0

         0

         0

         0

         0

         0

         0

Repurchase agreements6

         0

         0

...

...

...

...

         0

Central bank liquidity swaps7

       100

       357

         0

         0

         0

         0

       457

Reverse repurchase agreements6

   161,627

         0

...

...

...

...

   161,627

Term deposits

    13,542

         0

         0

...

...

...

    13,542

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

1.

Excludes the loans from the Federal Reserve Bank of New York (FRBNY) to Maiden Lane LLC, Maiden Lane II LLC, Maiden
Lane III LLC, and TALF LLC. The loans were eliminated when preparing the FRBNY's statement of condition consistent with consolidation
under generally accepted accounting principles.

2.

Face value. For inflation-indexed securities, includes the original face value and compensation that adjusts for the effect of inflation on the
original face value of such securities.

3.

Face value.

4.

Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the remaining principal balance of the securities.

5.

Face value of asset-backed securities held by TALF LLC, which is the remaining principal balance of the underlying assets.

6.

Cash value of agreements.

7.

Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to
the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the foreign
central bank.


3. Supplemental Information on Mortgage-Backed Securities

Millions of dollars

Account name

Wednesday

Mar 12, 2014

Mortgage-backed securities held outright1

1,570,129

Commitments to buy mortgage-backed securities2

    67,843

Commitments to sell mortgage-backed securities2

         0

Cash and cash equivalents3

        11

1.

Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the remaining principal balance of the securities.

2.

Current face value. Generally settle within 180 days and include commitments associated with outright transactions, dollar rolls, and coupon swaps.

3.

This amount is included in other Federal Reserve assets in table 1 and in other assets in table 8 and table 9.


4. Information on Principal Accounts of Maiden Lane LLC

Millions of dollars

Account name

Wednesday

Mar 12, 2014

Net portfolio holdings of Maiden Lane LLC1

     1,585

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

         0

Accrued interest payable to the Federal Reserve Bank of New York2

         0

Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co.3

         0

1.

Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of December 31, 2013. Any assets purchased after
this valuation date are initially recorded at cost until their estimated fair value as of the purchase date becomes available.

2.

Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9.

3.

Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 8 and table 9.

Note: On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended credit to Maiden Lane LLC under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to acquire certain assets of Bear Stearns and to manage those assets through time to maximize repayment of the credit extended and to minimize disruption to financial markets. Payments by Maiden Lane LLC from the proceeds of the net portfolio holdings will be made in the following order: operating expenses of the LLC, principal due to the FRBNY, interest due to the FRBNY, principal due to JPMorgan Chase & Co., and interest due to JPMorgan Chase & Co. Any remaining funds will be paid to the FRBNY.

5. Information on Principal Accounts of Maiden Lane II LLC

Millions of dollars

Account name

Wednesday

Mar 12, 2014

Net portfolio holdings of Maiden Lane II LLC1

        63

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

         0

Accrued interest payable to the Federal Reserve Bank of New York2

         0

Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc.3

         0

1.

Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of December 31, 2013. Any assets purchased after
this valuation date are initially recorded at cost until their estimated fair value as of the purchase date becomes available.

2.

Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9.

3.

Book value. The deferred payment represents the portion of the proceeds of the net portfolio holdings due to subsidiaries of American
International Group, Inc. in accordance with the asset purchase agreement. The fair value of this payment and accrued interest payable are
included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 8 and table 9.

Note: On December 12, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden Lane II LLC under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to purchase residential mortgage-backed securities from the U.S. securities lending reinvestment portfolio of subsidiaries of American International Group, Inc. (AIG subsidiaries). Payments by Maiden Lane II LLC from the proceeds of the net portfolio holdings will be made in the following order: operating expenses of Maiden Lane II LLC, principal due to the FRBNY, interest due to the FRBNY, and deferred payment and interest due to AIG subsidiaries. Any remaining funds will be shared by the FRBNY and AIG subsidiaries.


6. Information on Principal Accounts of Maiden Lane III LLC

Millions of dollars

Account name

Wednesday

Mar 12, 2014

Net portfolio holdings of Maiden Lane III LLC1

        22

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

         0

Accrued interest payable to the Federal Reserve Bank of New York2

         0

Outstanding principal amount and accrued interest on loan payable to American International Group, Inc.3

         0

1.

Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of December 31, 2013. Any assets purchased after
this valuation date are initially recorded at cost until their estimated fair value as of the purchase date becomes available.

2.

Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9.

3.

Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 8 and table 9.

Note: On November 25, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden Lane III LLC under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to purchase multi-sector collateralized debt obligations (CDOs) on which the Financial Products group of American International Group, Inc. (AIG) has written credit default swap (CDS) contracts. In connection with the purchase of CDOs, the CDS counterparties will concurrently unwind the related CDS transactions. Payments by Maiden Lane III LLC from the proceeds of the net portfolio holdings will be made in the following order: operating expenses of Maiden Lane III LLC, principal due to the FRBNY, interest due to the FRBNY, principal due to AIG, and interest due to AIG. Any remaining funds will be shared by the FRBNY and AIG.

7. Information on Principal Accounts of TALF LLC

Millions of dollars

Account name

Wednesday

Mar 12, 2014

Asset-backed securities holdings1

         0

Other investments, net

       105

Net portfolio holdings of TALF LLC

       105

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

         0

Accrued interest payable to the Federal Reserve Bank of New York2

         0

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

         0

1.

Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an orderly market on the measurement date.

2.

Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9.

3.

Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 8 and table 9.

Note: On November 25, 2008, the Federal Reserve announced the creation of the Term Asset-Backed Securities Loan Facility (TALF) under the authority of section 13(3) of the Federal Reserve Act. The TALF is a facility under which the Federal Reserve Bank of New York (FRBNY) extended loans with a term of up to five years to holders of eligible asset-backed securities. The Federal Reserve closed the TALF for new loan extensions in 2010. The loans provided through the TALF to eligible borrowers are non-recourse, meaning that the obligation of the borrower can be discharged by surrendering the collateral to the FRBNY.

TALF LLC is a limited liability company formed to purchase and manage any asset-backed securities received by the FRBNY in connection with the decision of a borrower not to repay a TALF loan. TALF LLC has committed, for a fee, to purchase all asset-backed securities received by the FRBNY in conjunction with a TALF loan at a price equal to the TALF loan plus accrued but unpaid interest. Prior to January 15, 2013, the U.S. Treasury's Troubled Asset Relief Program (TARP) committed backup funding to TALF LLC, providing credit protection to the FRBNY. However, the accumulated fees and income collected through the TALF and held by TALF LLC now exceed the remaining amount of TALF loans outstanding. Accordingly, the TARP credit protection commitment has been terminated, and TALF LLC has begun to distribute excess proceeds to the Treasury and the FRBNY. Any remaining funds will be shared by the FRBNY and the U.S. Treasury.


8. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Assets, liabilities, and capital

Eliminations from consolidation

Wednesday
Mar 12, 2014

Change since

Wednesday

Wednesday

Mar 5, 2014

Mar 13, 2013

Assets

Gold certificate account

    11,037

         0

         0

Special drawing rights certificate account

     5,200

         0

         0

Coin

     1,967

-       22

-      182

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

4,110,098

+    6,851

+1,019,216

Securities held outright1

3,917,478

+    7,496

+1,013,035

U.S. Treasury securities

2,295,938

+    7,485

+  525,951

Bills2

         0

         0

         0

Notes and bonds, nominal2

2,188,835

+    7,396

+  508,469

Notes and bonds, inflation-indexed2

    93,608

         0

+   14,729

Inflation compensation3

    13,495

+       89

+    2,753

Federal agency debt securities2

    51,411

         0

-   22,177

Mortgage-backed securities4

1,570,129

+       10

+  509,260

Unamortized premiums on securities held outright5

   208,797

-      318

+   21,079

Unamortized discounts on securities held outright5

   -16,282

-      331

-   14,605

Repurchase agreements6

         0

         0

         0

Loans

       104

+        3

-      293

Net portfolio holdings of Maiden Lane LLC7

     1,585

+        4

+      183

Net portfolio holdings of Maiden Lane II LLC8

        63

         0

-        1

Net portfolio holdings of Maiden Lane III LLC9

        22

         0

         0

Net portfolio holdings of TALF LLC10

       105

-        1

-      294

Items in process of collection

(0)

        91

-        8

-      483

Bank premises

     2,275

+        1

-       27

Central bank liquidity swaps11

       457

-        1

-    7,531

Foreign currency denominated assets12

    24,186

+      150

+      491

Other assets13

    24,275

+    2,626

+    4,593

Total assets

(0)

4,181,361

+    9,599

+1,015,965

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.


8. Consolidated Statement of Condition of All Federal Reserve Banks (continued)

Millions of dollars

Assets, liabilities, and capital

Eliminations from consolidation

Wednesday
Mar 12, 2014

Change since

Wednesday

Wednesday

Mar 5, 2014

Mar 13, 2013

Liabilities

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

1,218,569

+    3,495

+   85,274

Reverse repurchase agreements14

   161,627

-   11,099

+   69,437

Deposits

(0)

2,737,638

+   17,418

+  865,599

Term deposits held by depository institutions

    13,542

+   13,542

+   13,542

Other deposits held by depository institutions

2,662,686

+    3,617

+  860,097

U.S. Treasury, General Account

    42,797

-    2,947

+   14,349

Foreign official

     6,570

-    1,402

-    1,030

Other15

(0)

    12,043

+    4,608

-   21,360

Deferred availability cash items

(0)

       822

-       91

-      397

Other liabilities and accrued dividends16

     6,629

-      126

-    4,933

Total liabilities

(0)

4,125,285

+    9,597

+1,014,980

Capital accounts

Capital paid in

    28,038

+        1

+      492

Surplus

    28,038

+        1

+      492

Other capital accounts

         0

         0

         0

Total capital

    56,076

+        2

+      985

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

1.

Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.

2.

Face value of the securities.

3.

Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed securities.

4.

Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the remaining principal balance of the securities.

5.

Reflects the premium or discount, which is the difference between the purchase price and the face value of the securities that has not been amortized.  For U.S. Treasury and Federal agency debt securities, amortization is on a straight-line basis.  For mortgage-backed securities, amortization is on an effective-interest basis.

6.

Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.

7.

Refer to table 4 and the note on consolidation accompanying table 9.

8.

Refer to table 5 and the note on consolidation accompanying table 9.

9.

Refer to table 6 and the note on consolidation accompanying table 9.

10.

Refer to table 7 and the note on consolidation accompanying table 9.

11.

Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to
the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the foreign
central bank.

12.

Revalued daily at current foreign currency exchange rates.

13.

Includes accrued interest, which represents the daily accumulation of interest earned, and other accounts receivable.

14.

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

15.

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

16.

Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to entities other than the Federal
Reserve Bank of New York, including liabilities that have recourse only to the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note on consolidation accompanying table 9. Also includes the liability for interest on Federal Reserve notes due to U.S. Treasury.


9. Statement of Condition of Each Federal Reserve Bank, March 12, 2014

Millions of dollars

Assets, liabilities, and capital

Total

Boston

New York

Philadelphia

Cleveland

Richmond

Atlanta

Chicago

St. Louis

Minneapolis

Kansas

Dallas

San

City

Francisco

Assets

Gold certificate account

    11,037

       391

     3,925

       397

       512

       856

     1,421

       792

       310

       190

       309

       728

     1,206

Special drawing rights certificate acct.

     5,200

       196

     1,818

       210

       237

       412

       654

       424

       150

        90

       153

       282

       574

Coin

     1,967

        38

        95

       125

       130

       337

       221

       279

        18

        48

       154

       180

       342

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

4,110,098

   107,472

2,279,255

   119,084

   104,965

   255,563

   273,021

   222,093

    66,132

    39,005

    77,758

   159,601

   406,149

Securities held outright1

3,917,478

   102,438

2,172,402

   113,506

   100,048

   243,592

   260,233

   211,687

    63,033

    37,174

    74,114

   152,125

   387,125

U.S. Treasury securities

2,295,938

    60,036

1,273,192

    66,523

    58,636

   142,763

   152,516

   124,064

    36,942

    21,787

    43,437

    89,157

   226,885

Bills2

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Notes and bonds3

2,295,938

    60,036

1,273,192

    66,523

    58,636

   142,763

   152,516

   124,064

    36,942

    21,787

    43,437

    89,157

   226,885

Federal agency debt securities2

    51,411

     1,344

    28,510

     1,490

     1,313

     3,197

     3,415

     2,778

       827

       488

       973

     1,996

     5,080

Mortgage-backed securities4

1,570,129

    41,057

   870,701

    45,493

    40,099

    97,632

   104,302

    84,844

    25,264

    14,899

    29,705

    60,972

   155,160

Unamortized premiums on securities held outright5

   208,797

     5,460

   115,787

     6,050

     5,332

    12,983

    13,870

    11,283

     3,360

     1,981

     3,950

     8,108

    20,633

Unamortized discounts on securities held outright5

   -16,282

      -426

    -9,029

      -472

      -416

    -1,012

    -1,082

      -880

      -262

      -154

      -308

      -632

    -1,609

Repurchase agreements6

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Loans

       104

         0

        95

         0

         0

         0

         0

         3

         1

         5

         1

         0

         0

Net portfolio holdings of Maiden

Lane LLC7

     1,585

         0

     1,585

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Net portfolio holdings of Maiden

Lane II LLC8

        63

         0

        63

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Net portfolio holdings of Maiden

Lane III LLC9

        22

         0

        22

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Net portfolio holdings of TALF LLC10

       105

         0

       105

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Items in process of collection

        91

         0

         0

         0

         0

         0

        91

         0

         0

         0

         0

         0

         0

Bank premises

     2,275

       123

       428

        72

       110

       227

       211

       201

       126

        99

       246

       230

       203

Central bank liquidity swaps11

       457

        21

       147

        34

        36

        95

        26

        13

         4

         2

         5

         8

        66

Foreign currency denominated assets12

    24,186

     1,100

     7,780

     1,818

     1,923

     5,043

     1,390

       668

       203

       102

       255

       404

     3,499

Other assets13

    24,275

       662

    13,111

       829

       615

     1,658

     1,599

     1,285

       435

       290

       471

       973

     2,346

Interdistrict settlement account

         0

-   23,549

+  247,731

-    3,490

-   18,033

-   30,464

-   62,055

-   70,800

-   18,984

-   15,797

-   26,939

-   32,038

+   54,418

Total assets

4,181,361

    86,454

2,556,065

   119,079

    90,495

   233,728

   216,580

   154,954

    48,394

    24,030

    52,411

   130,368

   468,803

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.


9. Statement of Condition of Each Federal Reserve Bank, March 12, 2014 (continued)

Millions of dollars

Assets, liabilities, and capital

Total

Boston

New York

Philadelphia

Cleveland

Richmond

Atlanta

Chicago

St. Louis

Minneapolis

Kansas

Dallas

San

City

Francisco

Liabilities

Federal Reserve notes outstanding

1,398,834

    44,167

   515,605

    42,543

    60,541

   102,807

   167,958

    88,157

    36,242

    20,967

    36,957

   118,770

   164,121

Less: Notes held by F.R. Banks

   180,265

     3,513

    35,920

     3,931

     7,390

     8,828

    15,662

    12,989

     3,972

     7,312

     9,717

    42,919

    28,111

Federal Reserve notes, net

1,218,569

    40,653

   479,684

    38,612

    53,150

    93,979

   152,296

    75,168

    32,270

    13,655

    27,240

    75,851

   136,010

Reverse repurchase agreements14

   161,627

     4,226

    89,629

     4,683

     4,128

    10,050

    10,737

     8,734

     2,601

     1,534

     3,058

     6,276

    15,972

Deposits

2,737,638

    38,822

1,965,349

    71,297

    28,559

   117,581

    49,215

    69,146

    12,871

     8,320

    21,362

    47,044

   308,071

Term deposits held by depository institutions

    13,542

        10

    10,710

         0

         0

        15

       955

     1,355

        40

        52

         0

       205

       200

Other deposits held by depository institutions

2,662,686

    38,809

1,893,421

    71,264

    28,556

   117,441

    48,251

    67,783

    12,831

     8,268

    21,361

    46,837

   307,864

U.S. Treasury, General Account

    42,797

         0

    42,797

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Foreign official

     6,570

         2

     6,543

         3

         3

         8

         2

         1

         0

         0

         0

         1

         6

Other15

    12,043

         1

    11,878

        30

         0

       117

         6

         7

         0

         0

         1

         1

         1

Deferred availability cash items

       822

         0

         0

         0

         0

         0

       671

         0

         0

       151

         0

         0

         0

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

     2,226

        58

     1,228

        71

        61

       153

       143

       117

        34

        22

        42

        81

       217

Other liabilities and accrued
dividends17

     4,403

       162

     1,832

       196

       191

       491

       335

       269

       135

       115

       118

       195

       363

Total liabilities

4,125,285

    83,921

2,537,722

   114,860

    86,090

   222,253

   213,396

   153,434

    47,910

    23,796

    51,820

   129,448

   460,633

Capital

Capital paid in

    28,038

     1,267

     9,172

     2,110

     2,202

     5,737

     1,592

       760

       242

       117

       295

       460

     4,085

Surplus

    28,038

     1,267

     9,172

     2,110

     2,202

     5,737

     1,592

       760

       242

       117

       295

       460

     4,085

Other capital

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Total liabilities and capital

4,181,361

    86,454

2,556,065

   119,079

    90,495

   233,728

   216,580

   154,954

    48,394

    24,030

    52,411

   130,368

   468,803

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.


9. Statement of Condition of Each Federal Reserve Bank, March 12, 2014 (continued)

1.

Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.

2.

Face value of the securities.

3.

Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face value of such securities.

4.

Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the remaining principal balance of the securities.

5.

Reflects the premium or discount, which is the difference between the purchase price and the face value of the securities that has not been amortized.  For U.S. Treasury and Federal agency debt securities, amortization is on a straight-line basis.  For mortgage-backed securities, amortization is on an effective-interest basis.

6.

Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.

7.

Refer to table 4 and the note on consolidation below.

8.

Refer to table 5 and the note on consolidation below.

9.

Refer to table 6 and the note on consolidation below.

10.

Refer to table 7 and the note on consolidation below.

11.

Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate
equals the market exchange rate used when the foreign currency was acquired from the foreign central bank.

12.

Revalued daily at current foreign currency exchange rates.

13.

Includes accrued interest, which represents the daily accumulation of interest earned, and other accounts receivable.

14.

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

15.

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

16.

Represents the estimated weekly remittances to U.S. Treasury as interest on Federal Reserve notes or, in those cases where the Reserve Bank's net earnings are not sufficient to equate surplus to capital paid-in, the deferred asset for interest on Federal Reserve notes. The amount of any deferred asset, which is presented as a negative amount in this line, represents the amount of the Federal Reserve Bank's earnings that must be retained before remittances to the U.S. Treasury resume. The amounts on this line are calculated in accordance with Board of Governors policy, which requires the Federal Reserve Banks to remit residual earnings to the U.S. Treasury as interest on Federal Reserve notes after providing for the costs of operations, payment of dividends, and the amount necessary to equate surplus with capital paid-in.

17.

Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to entities other than the Federal Reserve Bank of New York, including liabilities that have recourse only to the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note on consolidation below.

Note on consolidation:

The Federal Reserve Bank of New York (FRBNY) has extended loans to several limited liability companies under the authority of section 13(3) of the Federal Reserve Act. On June 26, 2008, a loan was extended to Maiden Lane LLC, which was formed to acquire certain assets of Bear Stearns. On November 25, 2008, a loan was extended to Maiden Lane III LLC, which was formed to purchase multi-sector collateralized debt obligations on which the Financial Products group of the American International Group, Inc. has written credit default swap contracts. On December 12, 2008, a loan was extended to Maiden Lane II LLC, which was formed to purchase residential mortgage-backed securities from the U.S. securities lending reinvestment portfolio of subsidiaries of American International Group, Inc. On November 25, 2008, the Federal Reserve Board authorized the FRBNY to extend credit to TALF LLC, which was formed to purchase and manage any asset-backed securities received by the FRBNY in connection with the decision of a borrower not to repay a loan extended under the Term Asset-Backed Securities Loan Facility.

The FRBNY is the primary beneficiary of TALF LLC, because of the two beneficiaries of the LLC, the FRBNY and the U.S. Treasury, the FRBNY is primarily responsible for directing the financial activities of TALF LLC. The FRBNY is the primary beneficiary of the other LLCs cited above because it will receive a majority of any residual returns of the LLCs and absorb a majority of any residual losses of the LLCs. Consistent with generally accepted accounting principles, the assets and liabilities of these LLCs have been consolidated with the assets and liabilities of the FRBNY in the preparation of the statements of condition shown on this release. As a consequence of the consolidation, the extensions of credit from the FRBNY to the LLCs are eliminated, the net assets of the LLCs appear as assets on the previous page (and in table 1 and table 8), and the liabilities of the LLCs to entities other than the FRBNY, including those with recourse only to the portfolio holdings of the LLCs, are included in other liabilities in this table (and table 1 and table 8).

10. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts

Millions of dollars

Federal Reserve notes and collateral

Wednesday

Mar 12, 2014

Federal Reserve notes outstanding

1,398,834

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

   180,265

Federal Reserve notes to be collateralized

1,218,569

Collateral held against Federal Reserve notes

1,218,569

Gold certificate account

    11,037

Special drawing rights certificate account

     5,200

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

1,202,332

Other assets pledged

         0

Memo:

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

3,917,478

Less: Face value of securities under reverse repurchase agreements

    157,439

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

3,760,039

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

1.

Includes face value of U.S. Treasury, agency debt, and mortgage-backed securities held outright, compensation to adjust for the effect of inflation on the original face value of inflation-indexed securities, and cash value of repurchase agreements.

2.

Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.


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