Federal Reserve Statistical Release, H.4.1, Factors Affecting Reserve Balances; title with eagle logo links to Statistical Release home page
Release Date: Thursday, July 17, 2014
Release dates | Data Download Program (DDP) | About | Announcements | Technical Q&As
Current release  Other formats: Screen reader | ASCII | PDF (21 KB)
Try data download now image link

FEDERAL RESERVE statistical release

H.4.1

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

July 17, 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
Jul 16, 2014

Week ended
Jul 16, 2014

Change from week ended

Jul 9, 2014

Jul 17, 2013

Reserve Bank credit

4,348,912

+   12,270

+  871,331

4,355,476

Securities held outright1

4,123,128

+    9,985

+  878,115

4,129,965

U.S. Treasury securities

2,409,410

+    3,827

+  450,723

2,410,339

Bills2

         0

         0

         0

         0

Notes and bonds, nominal2

2,296,168

+    3,219

+  434,508

2,296,978

Notes and bonds, inflation-indexed2

    97,248

+      477

+   13,039

    97,327

Inflation compensation3

    15,994

+      131

+    3,175

    16,034

Federal agency debt securities2

    43,371

-      288

-   23,604

    42,650

Mortgage-backed securities4

1,670,348

+    6,447

+  450,998

1,676,976

Unamortized premiums on securities held outright5

   209,297

+      192

+    5,056

   209,521

Unamortized discounts on securities held outright5

   -18,538

-       24

-   15,789

   -18,560

Repurchase agreements6

         0

         0

         0

         0

Loans

       219

+       21

-      146

       237

Primary credit

         4

+        3

-        9

        11

Secondary credit

         0

         0

         0

         0

Seasonal credit

       165

+       18

+       55

       176

Term Asset-Backed Securities Loan Facility7

        49

         0

-      193

        49

Other credit extensions

         0

         0

         0

         0

Net portfolio holdings of Maiden Lane LLC8

     1,656

+        1

+      241

     1,662

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

        60

-       17

-      208

        60

Float

      -605

+      133

+      174

      -613

Central bank liquidity swaps12

       124

         0

-    1,355

       124

Other Federal Reserve assets13

    33,486

+    1,978

+    5,243

    32,996

Foreign currency denominated assets14

    23,987

+       22

+      469

    23,902

Gold stock

    11,041

         0

         0

    11,041

Special drawing rights certificate account

     5,200

         0

         0

     5,200

Treasury currency outstanding15

    45,968

+       14

+      780

    45,968

Total factors supplying reserve funds

4,435,108

+   12,306

+  872,580

4,441,588

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
Jul 16, 2014

Week ended
Jul 16, 2014

Change from week ended

Jul 9, 2014

Jul 17, 2013

Currency in circulation15

1,285,435

-    3,263

+   89,017

1,285,225

Reverse repurchase agreements16

   214,108

-   30,469

+  121,683

   209,476

Foreign official and international accounts

   102,932

-    3,290

+   10,507

   103,635

Others

   111,176

-   27,179

+  111,176

   105,841

Treasury cash holdings

       142

-        6

+       23

       138

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

   231,340

+   28,784

+  113,525

   229,954

Term deposits held by depository institutions

   152,795

+   27,908

+  152,795

   152,795

U.S. Treasury, General Account

    59,384

-    4,442

-   10,774

    63,737

Foreign official

     6,191

+      323

-    3,753

     6,566

Other17

    12,970

+    4,995

-   24,744

     6,856

Other liabilities and capital18

    64,397

+      406

+      936

    62,577

Total factors, other than reserve balances,
absorbing reserve funds

1,795,423

-    4,547

+  325,184

1,787,370

Reserve balances with Federal Reserve Banks

2,639,685

+   16,853

+  547,396

2,654,218

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
Jul 16, 2014

Week ended
Jul 16, 2014

Change from week ended

Jul 9, 2014

Jul 17, 2013

Securities held in custody for foreign official and international accounts

3,311,816

+    2,722

+   33,533

3,313,307

Marketable U.S. Treasury securities1

2,978,545

+    3,403

+   36,532

2,981,074

Federal agency debt and mortgage-backed securities2

   291,020

-      859

-    7,641

   289,641

Other securities3

    42,250

+      178

+    4,641

    42,593

Securities lent to dealers

    11,936

-    1,867

+    1,330

    12,635

Overnight facility4

    11,936

-    1,867

+    1,330

    12,635

U.S. Treasury securities

    10,872

-    1,801

+    1,041

    11,476

Federal agency debt securities

     1,063

-       67

+      288

     1,159

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, July 16, 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

        84

       138

        14

         0

         0

...

       237

U.S. Treasury securities2

Holdings

        40

         7

     1,995

   950,471

   810,990

   646,836

2,410,339

Weekly changes

+       40

-       40

         0

+      609

-      575

+    1,799

+    1,833

Federal agency debt securities3

Holdings

       523

     2,121

     4,111

    33,548

         0

     2,347

    42,650

Weekly changes

-      486

-      523

         0

         0

         0

         0

-    1,009

Mortgage-backed securities4

Holdings

         0

         0

         0

        10

     3,902

1,673,064

1,676,976

Weekly changes

         0

         0

         0

         0

-       22

+   13,097

+   13,075

Asset-backed securities held by
TALF LLC5

         0

         0

         0

         0

         0

         0

         0

Repurchase agreements6

         0

         0

...

...

...

...

         0

Central bank liquidity swaps7

       124

         0

         0

         0

         0

         0

       124

Reverse repurchase agreements6

   209,476

         0

...

...

...

...

   209,476

Term deposits

   152,795

         0

         0

...

...

...

   152,795

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

Jul 16, 2014

Mortgage-backed securities held outright1

1,676,976

Commitments to buy mortgage-backed securities2

    55,696

Commitments to sell mortgage-backed securities2

         0

Cash and cash equivalents3

        52

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

Jul 16, 2014

Net portfolio holdings of Maiden Lane LLC1

     1,662

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 March 31, 2014. 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

Jul 16, 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 March 31, 2014. 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

Jul 16, 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 March 31, 2014. 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

Jul 16, 2014

Asset-backed securities holdings1

         0

Other investments, net

        60

Net portfolio holdings of TALF LLC

        60

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
Jul 16, 2014

Change since

Wednesday

Wednesday

Jul 9, 2014

Jul 17, 2013

Assets

Gold certificate account

    11,037

         0

         0

Special drawing rights certificate account

     5,200

         0

         0

Coin

     1,896

+       18

-       82

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

4,321,163

+   14,276

+  856,475

Securities held outright1

4,129,965

+   13,899

+  867,235

U.S. Treasury securities

2,410,339

+    1,833

+  448,668

Bills2

         0

         0

         0

Notes and bonds, nominal2

2,296,978

+    1,133

+  432,573

Notes and bonds, inflation-indexed2

    97,327

+      556

+   12,921

Inflation compensation3

    16,034

+      144

+    3,174

Federal agency debt securities2

    42,650

-    1,009

-   23,871

Mortgage-backed securities4

1,676,976

+   13,075

+  442,439

Unamortized premiums on securities held outright5

   209,521

+      363

+    5,013

Unamortized discounts on securities held outright5

   -18,560

-       16

-   15,647

Repurchase agreements6

         0

         0

         0

Loans

       237

+       31

-      128

Net portfolio holdings of Maiden Lane LLC7

     1,662

+        7

+      248

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

        60

         0

-      208

Items in process of collection

(0)

        75

-       23

-       35

Bank premises

     2,262

+        1

-       32

Central bank liquidity swaps11

       124

         0

-    1,355

Foreign currency denominated assets12

    23,902

-      107

+      378

Other assets13

    30,735

+      627

+    4,952

Total assets

(0)

4,398,201

+   14,800

+  860,340

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
Jul 16, 2014

Change since

Wednesday

Wednesday

Jul 9, 2014

Jul 17, 2013

Liabilities

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

1,241,287

-    2,918

+   88,696

Reverse repurchase agreements14

   209,476

-   38,776

+  120,957

Deposits

(0)

2,884,172

+   56,984

+  651,563

Term deposits held by depository institutions

   152,795

+   27,908

+  152,795

Other deposits held by depository institutions

2,654,218

+   21,165

+  513,781

U.S. Treasury, General Account

    63,737

+    7,234

-    3,428

Foreign official

     6,566

+      700

-    3,378

Other15

(0)

     6,856

-       22

-    8,208

Deferred availability cash items

(0)

       689

-       60

-      154

Other liabilities and accrued dividends16

     6,256

-      433

-    2,013

Total liabilities

(0)

4,341,880

+   14,797

+  859,050

Capital accounts

Capital paid in

    28,161

+        2

+      645

Surplus

    28,161

+        2

+      645

Other capital accounts

         0

         0

         0

Total capital

    56,321

+        2

+    1,290

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, July 16, 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

       352

     4,125

       338

       464

       824

     1,349

       706

       278

       173

       291

       880

     1,257

Special drawing rights certificate acct.

     5,200

       196

     1,818

       210

       237

       412

       654

       424

       150

        90

       153

       282

       574

Coin

     1,896

        34

        82

       118

       121

       314

       223

       277

        24

        48

       150

       180

       325

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

4,321,163

    87,405

2,652,078

   103,516

    94,341

   241,500

   238,891

   176,630

    53,331

    26,553

    56,920

   131,668

   458,330

Securities held outright1

4,129,965

    83,542

2,534,822

    98,941

    90,171

   230,827

   228,302

   168,797

    50,940

    25,310

    54,401

   125,841

   438,070

U.S. Treasury securities

2,410,339

    48,757

1,479,378

    57,744

    52,626

   134,715

   133,242

    98,514

    29,730

    14,771

    31,750

    73,444

   255,667

Bills2

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Notes and bonds3

2,410,339

    48,757

1,479,378

    57,744

    52,626

   134,715

   133,242

    98,514

    29,730

    14,771

    31,750

    73,444

   255,667

Federal agency debt securities2

    42,650

       863

    26,177

     1,022

       931

     2,384

     2,358

     1,743

       526

       261

       562

     1,300

     4,524

Mortgage-backed securities4

1,676,976

    33,922

1,029,267

    40,175

    36,614

    93,727

    92,702

    68,540

    20,684

    10,277

    22,090

    51,098

   177,879

Unamortized premiums on securities held outright5

   209,521

     4,238

   128,597

     5,019

     4,575

    11,710

    11,582

     8,563

     2,584

     1,284

     2,760

     6,384

    22,224

Unamortized discounts on securities held outright5

   -18,560

      -375

   -11,392

      -445

      -405

    -1,037

    -1,026

      -759

      -229

      -114

      -244

      -566

    -1,969

Repurchase agreements6

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Loans

       237

         0

        51

         0

         0

         0

        32

        28

        35

        73

         3

         8

         5

Net portfolio holdings of Maiden

Lane LLC7

     1,662

         0

     1,662

         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

        60

         0

        60

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Items in process of collection

        75

         0

         0

         0

         0

         0

        75

         0

         0

         0

         0

         0

         0

Bank premises

     2,262

       121

       432

        74

       110

       224

       209

       199

       124

        98

       244

       226

       201

Central bank liquidity swaps11

       124

         6

        40

         9

        10

        26

         7

         3

         1

         1

         1

         2

        18

Foreign currency denominated assets12

    23,902

     1,087

     7,689

     1,797

     1,901

     4,984

     1,374

       660

       201

       101

       252

       400

     3,458

Other assets13

    30,735

       664

    18,509

       743

       674

     1,895

     1,683

     1,242

       441

       255

       429

     1,011

     3,190

Interdistrict settlement account

         0

+   27,715

-    1,335

+    6,094

+    1,849

-   19,391

+    5,066

-   20,185

-   11,462

-    4,135

-    4,977

-    5,431

+   26,193

Total assets

4,398,201

   117,581

2,685,244

   112,899

    99,707

   230,786

   249,531

   159,957

    43,088

    23,184

    53,463

   129,218

   493,545

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, July 16, 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

1,452,235

    45,153

   499,438

    42,886

    65,627

   105,865

   212,909

    93,922

    37,526

    21,044

    37,472

   115,900

   174,492

Less: Notes held by F.R. Banks

   210,948

     4,984

    67,021

     6,332

     9,042

    11,463

    21,202

    14,925

     5,098

     4,870

     5,379

    31,134

    29,498

Federal Reserve notes, net

1,241,287

    40,169

   432,417

    36,554

    56,585

    94,403

   191,707

    78,997

    32,428

    16,174

    32,092

    84,766

   144,994

Reverse repurchase agreements14

   209,476

     4,237

   128,569

     5,018

     4,574

    11,708

    11,580

     8,562

     2,584

     1,284

     2,759

     6,383

    22,219

Deposits

2,884,172

    70,427

2,102,896

    66,872

    33,893

   112,575

    41,969

    70,530

     7,422

     5,291

    17,882

    36,874

   317,541

Term deposits held by depository institutions

   152,795

       130

   129,180

     1,995

     2,670

       335

     1,035

    10,620

       370

        65

       495

       905

     4,995

Other deposits held by depository institutions

2,654,218

    70,290

1,896,714

    64,844

    31,220

   112,162

    40,923

    59,901

     7,051

     5,226

    17,386

    35,963

   312,537

U.S. Treasury, General Account

    63,737

         0

    63,737

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Foreign official

     6,566

         2

     6,539

         3

         3

         8

         2

         1

         0

         0

         0

         1

         6

Other15

     6,856

         5

     6,725

        30

         0

        69

         9

         8

         0

         0

         1

         5

         3

Deferred availability cash items

       689

         0

         0

         0

         0

         0

       611

         0

         0

        78

         0

         0

         0

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

     1,933

        30

     1,235

        38

        35

        86

       114

        78

        24

        10

        25

        61

       196

Other liabilities and accrued
dividends17

     4,323

       159

     1,744

       190

       182

       488

       338

       263

       135

       112

       118

       195

       398

Total liabilities

4,341,880

   115,022

2,666,861

   108,673

    95,268

   219,259

   246,320

   158,431

    42,592

    22,949

    52,877

   128,280

   485,347

Capital

Capital paid in

    28,161

     1,279

     9,191

     2,113

     2,219

     5,763

     1,605

       763

       248

       117

       293

       469

     4,099

Surplus

    28,161

     1,279

     9,191

     2,113

     2,219

     5,763

     1,605

       763

       248

       117

       293

       469

     4,099

Other capital

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Total liabilities and capital

4,398,201

   117,581

2,685,244

   112,899

    99,707

   230,786

   249,531

   159,957

    43,088

    23,184

    53,463

   129,218

   493,545

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, July 16, 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

Jul 16, 2014

Federal Reserve notes outstanding

1,452,235

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

   210,948

Federal Reserve notes to be collateralized

1,241,287

Collateral held against Federal Reserve notes

1,241,287

Gold certificate account

    11,037

Special drawing rights certificate account

     5,200

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

1,225,050

Other assets pledged

         0

Memo:

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

4,129,965

Less: Face value of securities under reverse repurchase agreements

   193,028

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

3,936,937

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

1.

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

2.

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


Release dates | Data Download Program (DDP) | About | Announcements | Technical Q&As
Current release   Other formats: Screen reader | ASCII | PDF (21 KB)

Statistical releases