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Release Date: Thursday, March 20, 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 20, 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 19, 2014

Week ended
Mar 19, 2014

Change from week ended

Mar 12, 2014

Mar 20, 2013

Reserve Bank credit

4,173,637

+   39,094

+1,032,582

4,178,850

Securities held outright1

3,950,756

+   36,247

+1,028,750

3,956,122

U.S. Treasury securities

2,301,762

+    8,787

+  524,318

2,305,795

Bills2

         0

         0

         0

         0

Notes and bonds, nominal2

2,193,425

+    7,521

+  505,640

2,197,425

Notes and bonds, inflation-indexed2

    94,565

+      957

+   15,686

    94,565

Inflation compensation3

    13,771

+      309

+    2,991

    13,805

Federal agency debt securities2

    47,343

-    4,068

-   25,539

    47,343

Mortgage-backed securities4

1,601,651

+   31,528

+  529,970

1,602,984

Unamortized premiums on securities held outright5

   209,964

+    1,052

+   21,028

   209,957

Unamortized discounts on securities held outright5

   -16,328

-      215

-   14,661

   -16,456

Repurchase agreements6

         0

         0

         0

         0

Loans

       109

+        4

-      283

       122

Primary credit

         8

+        2

+        2

        20

Secondary credit

         0

         0

         0

         0

Seasonal credit

         6

+        1

+        6

         8

Term Asset-Backed Securities Loan Facility7

        95

         0

-      291

        95

Other credit extensions

         0

         0

         0

         0

Net portfolio holdings of Maiden Lane LLC8

     1,585

+        3

+      183

     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

         0

-      294

       105

Float

      -614

+       61

+       67

      -654

Central bank liquidity swaps12

       458

+        1

-    7,507

       458

Other Federal Reserve assets13

    27,518

+    1,942

+    5,302

    27,526

Foreign currency denominated assets14

    24,310

+      200

+      490

    24,301

Gold stock

    11,041

         0

         0

    11,041

Special drawing rights certificate account

     5,200

         0

         0

     5,200

Treasury currency outstanding15

    45,693

+       14

+      750

    45,693

Total factors supplying reserve funds

4,259,881

+   39,307

+1,033,822

4,265,086

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 19, 2014

Week ended
Mar 19, 2014

Change from week ended

Mar 12, 2014

Mar 20, 2013

Currency in circulation15

1,265,127

+    5,017

+   90,283

1,266,653

Reverse repurchase agreements16

   158,975

-      608

+   63,312

   171,880

Foreign official and international accounts

    96,624

-      162

+      961

    95,735

Others

    62,351

-      446

+   62,351

    76,145

Treasury cash holdings

       278

+        6

+       56

       275

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

   126,149

+   41,351

-    8,755

   149,597

Term deposits held by depository institutions

    15,183

+    1,641

+   12,138

    15,183

U.S. Treasury, General Account

    88,345

+   32,204

+   16,979

   118,033

Foreign official

     6,629

-      215

-    1,451

     6,978

Other17

    15,993

+    7,723

-   36,420

     9,403

Other liabilities and capital18

    64,459

+      669

-    2,603

    62,686

Total factors, other than reserve balances,
absorbing reserve funds

1,614,988

+   46,435

+  142,293

1,651,090

Reserve balances with Federal Reserve Banks

2,644,893

-    7,128

+  891,529

2,613,996

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 19, 2014

Week ended
Mar 19, 2014

Change from week ended

Mar 12, 2014

Mar 20, 2013

Securities held in custody for foreign official and international accounts

3,205,983

-   67,746

-   96,753

3,232,748

Marketable U.S. Treasury securities1

2,859,923

-   62,076

-  107,011

2,887,627

Federal agency debt and mortgage-backed securities2

   301,569

-    5,004

+    3,421

   300,607

Other securities3

    44,491

-      665

+    6,836

    44,513

Securities lent to dealers

    13,881

+    2,209

-    2,831

    14,233

Overnight facility4

    13,881

+    2,209

-    2,831

    14,233

U.S. Treasury securities

    12,610

+    2,352

-    2,935

    13,094

Federal agency debt securities

     1,271

-      142

+      104

     1,139

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 19, 2014

Millions of dollars

Remaining Maturity

Within 15
days

16 days to
90 days

91 days to
1 year

Over 1 year
to 5 years

Over 5 year
to 10 years

Over 10
years

All

Loans1

        28

         0

        95

         0

         0

...

       122

U.S. Treasury securities2

Holdings

         1

        38

       142

   831,917

   861,640

   612,055

2,305,795

Weekly changes

+        1

-        2

+        1

+    3,749

+    2,556

+    3,549

+    9,857

Federal agency debt securities3

Holdings

         0

     3,261

     7,205

    34,468

        62

     2,347

    47,343

Weekly changes

-    4,068

         0

         0

         0

         0

         0

-    4,068

Mortgage-backed securities4

Holdings

         0

         0

         0

         5

     2,940

1,600,039

1,602,984

Weekly changes

         0

         0

         0

         0

         0

+   32,856

+   32,855

Asset-backed securities held by
TALF LLC5

         0

         0

         0

         0

         0

         0

         0

Repurchase agreements6

         0

         0

...

...

...

...

         0

Central bank liquidity swaps7

       101

       357

         0

         0

         0

         0

       458

Reverse repurchase agreements6

   171,880

         0

...

...

...

...

   171,880

Term deposits

    15,183

         0

         0

...

...

...

    15,183

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 19, 2014

Mortgage-backed securities held outright1

1,602,984

Commitments to buy mortgage-backed securities2

    41,827

Commitments to sell mortgage-backed securities2

         0

Cash and cash equivalents3

        26

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 19, 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 19, 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 19, 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 19, 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 19, 2014

Change since

Wednesday

Wednesday

Mar 12, 2014

Mar 20, 2013

Assets

Gold certificate account

    11,037

         0

         0

Special drawing rights certificate account

     5,200

         0

         0

Coin

     1,953

-       14

-      167

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

4,149,745

+   39,647

+1,018,129

Securities held outright1

3,956,122

+   38,644

+1,013,539

U.S. Treasury securities

2,305,795

+    9,857

+  521,143

Bills2

         0

         0

         0

Notes and bonds, nominal2

2,197,425

+    8,590

+  502,453

Notes and bonds, inflation-indexed2

    94,565

+      957

+   15,686

Inflation compensation3

    13,805

+      310

+    3,003

Federal agency debt securities2

    47,343

-    4,068

-   25,080

Mortgage-backed securities4

1,602,984

+   32,855

+  517,477

Unamortized premiums on securities held outright5

   209,957

+    1,160

+   19,650

Unamortized discounts on securities held outright5

   -16,456

-      174

-   14,790

Repurchase agreements6

         0

         0

         0

Loans

       122

+       18

-      270

Net portfolio holdings of Maiden Lane LLC7

     1,585

         0

+      184

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

         0

-      294

Items in process of collection

(0)

        85

-        6

-      412

Bank premises

     2,276

+        1

-       27

Central bank liquidity swaps11

       458

+        1

-    7,507

Foreign currency denominated assets12

    24,301

+      115

+      555

Other assets13

    25,250

+      975

+    4,732

Total assets

(0)

4,222,081

+   40,720

+1,015,193

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 19, 2014

Change since

Wednesday

Wednesday

Mar 12, 2014

Mar 20, 2013

Liabilities

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

1,223,183

+    4,614

+   90,627

Reverse repurchase agreements14

   171,880

+   10,253

+   78,955

Deposits

(0)

2,763,593

+   25,955

+  849,679

Term deposits held by depository institutions

    15,183

+    1,641

+   12,138

Other deposits held by depository institutions

2,613,996

-   48,690

+  857,772

U.S. Treasury, General Account

   118,033

+   75,236

+   46,902

Foreign official

     6,978

+      408

-    1,974

Other15

(0)

     9,403

-    2,640

-   65,159

Deferred availability cash items

(0)

       739

-       83

-      399

Other liabilities and accrued dividends16

     6,598

-       31

-    4,662

Total liabilities

(0)

4,165,994

+   40,709

+1,014,201

Capital accounts

Capital paid in

    28,044

+        6

+      497

Surplus

    28,044

+        6

+      497

Other capital accounts

         0

         0

         0

Total capital

    56,087

+       11

+      993

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 19, 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

     1,953

        38

        95

       124

       127

       337

       221

       277

        22

        48

       153

       175

       336

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

4,149,745

   108,508

2,301,242

   120,232

   105,977

   258,028

   275,654

   224,239

    66,770

    39,382

    78,507

   161,140

   410,066

Securities held outright1

3,956,122

   103,449

2,193,832

   114,626

   101,035

   245,995

   262,800

   213,775

    63,655

    37,540

    74,845

   153,626

   390,944

U.S. Treasury securities

2,305,795

    60,294

1,278,658

    66,809

    58,888

   143,376

   153,171

   124,597

    37,101

    21,880

    43,623

    89,540

   227,859

Bills2

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Notes and bonds3

2,305,795

    60,294

1,278,658

    66,809

    58,888

   143,376

   153,171

   124,597

    37,101

    21,880

    43,623

    89,540

   227,859

Federal agency debt securities2

    47,343

     1,238

    26,254

     1,372

     1,209

     2,944

     3,145

     2,558

       762

       449

       896

     1,838

     4,678

Mortgage-backed securities4

1,602,984

    41,916

   888,920

    46,445

    40,939

    99,675

   106,484

    86,620

    25,792

    15,211

    30,327

    62,248

   158,407

Unamortized premiums on securities held outright5

   209,957

     5,490

   116,430

     6,083

     5,362

    13,055

    13,947

    11,345

     3,378

     1,992

     3,972

     8,153

    20,748

Unamortized discounts on securities held outright5

   -16,456

      -430

    -9,126

      -477

      -420

    -1,023

    -1,093

      -889

      -265

      -156

      -311

      -639

    -1,626

Repurchase agreements6

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Loans

       122

         0

       106

         0

         0

         1

         0

         8

         1

         6

         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

        85

         0

         0

         0

         0

         0

        84

         0

         0

         0

         0

         0

         0

Bank premises

     2,276

       123

       428

        72

       110

       227

       211

       201

       126

        99

       246

       230

       203

Central bank liquidity swaps11

       458

        21

       147

        34

        36

        96

        26

        13

         4

         2

         5

         8

        66

Foreign currency denominated assets12

    24,301

     1,105

     7,817

     1,827

     1,932

     5,067

     1,397

       671

       204

       103

       256

       406

     3,516

Other assets13

    25,250

       690

    13,641

       856

       641

     1,723

     1,650

     1,333

       451

       300

       489

     1,032

     2,444

Interdistrict settlement account

         0

-   23,505

+  278,433

-    4,324

-   22,729

-   30,986

-   65,215

-   75,828

-   20,610

-   16,129

-   27,918

-   27,892

+   36,704

Total assets

4,222,081

    87,567

2,609,322

   119,429

    86,843

   235,759

   216,104

   152,121

    47,426

    24,086

    52,199

   136,110

   455,115

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 19, 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

1,404,030

    44,385

   519,241

    42,577

    60,654

   103,005

   169,102

    88,210

    36,422

    20,703

    36,933

   118,639

   164,158

Less: Notes held by F.R. Banks

   180,847

     3,693

    39,041

     4,427

     7,563

     9,273

    16,326

    13,303

     4,120

     6,992

     9,022

    38,688

    28,400

Federal Reserve notes, net

1,223,183

    40,692

   480,201

    38,150

    53,091

    93,732

   152,776

    74,907

    32,302

    13,712

    27,912

    79,951

   135,758

Reverse repurchase agreements14

   171,880

     4,494

    95,314

     4,980

     4,390

    10,688

    11,418

     9,288

     2,766

     1,631

     3,252

     6,675

    16,985

Deposits

2,763,593

    39,618

2,012,577

    71,804

    24,695

   119,203

    47,573

    66,002

    11,704

     8,282

    20,285

    48,273

   293,576

Term deposits held by depository institutions

    15,183

        10

     9,550

         0

         0

       515

     1,095

     1,355

        15

        52

       141

     1,200

     1,250

Other deposits held by depository institutions

2,613,996

    39,606

1,868,798

    71,773

    24,692

   118,565

    46,470

    64,640

    11,689

     8,230

    20,142

    47,072

   292,319

U.S. Treasury, General Account

   118,033

         0

   118,033

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Foreign official

     6,978

         2

     6,951

         3

         3

         8

         2

         1

         0

         0

         0

         1

         6

Other15

     9,403

         1

     9,244

        28

         0

       114

         6

         6

         0

         0

         1

         0

         1

Deferred availability cash items

       739

         0

         0

         0

         0

         0

       646

         0

         0

        93

         0

         0

         0

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

     2,120

        58

     1,154

        61

        61

       144

       148

       116

        32

        16

        35

        81

       214

Other liabilities and accrued
dividends17

     4,478

       171

     1,721

       214

       202

       519

       359

       288

       139

       120

       125

       209

       413

Total liabilities

4,165,994

    85,034

2,590,966

   115,210

    82,438

   224,285

   212,921

   150,601

    46,943

    23,853

    51,608

   135,189

   446,945

Capital

Capital paid in

    28,044

     1,267

     9,178

     2,110

     2,202

     5,737

     1,592

       760

       241

       116

       295

       460

     4,085

Surplus

    28,044

     1,267

     9,178

     2,110

     2,202

     5,737

     1,592

       760

       241

       116

       295

       460

     4,085

Other capital

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Total liabilities and capital

4,222,081

    87,567

2,609,322

   119,429

    86,843

   235,759

   216,104

   152,121

    47,426

    24,086

    52,199

   136,110

   455,115

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 19, 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 19, 2014

Federal Reserve notes outstanding

1,404,030

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

   180,847

Federal Reserve notes to be collateralized

1,223,183

Collateral held against Federal Reserve notes

1,223,183

Gold certificate account

    11,037

Special drawing rights certificate account

     5,200

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

1,206,946

Other assets pledged

         0

Memo:

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

3,956,122

Less: Face value of securities under reverse repurchase agreements

    167,082

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

3,789,040

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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