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FEDERAL RESERVE statistical release

H.4.1

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

August 28, 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
Aug 27, 2014

Week ended
Aug 27, 2014

Change from week ended

Aug 20, 2014

Aug 28, 2013

Reserve Bank credit

4,375,964

+    2,491

+  774,300

4,371,586

Securities held outright1

4,159,495

+    4,025

+  779,575

4,155,806

U.S. Treasury securities

2,433,648

+    3,552

+  417,618

2,435,932

Bills2

         0

         0

         0

         0

Notes and bonds, nominal2

2,319,393

+    3,504

+  402,343

2,321,659

Notes and bonds, inflation-indexed2

    97,755

         0

+   11,936

    97,755

Inflation compensation3

    16,500

+       48

+    3,339

    16,518

Federal agency debt securities2

    41,562

         0

-   24,151

    41,562

Mortgage-backed securities4

1,684,285

+      473

+  386,108

1,678,312

Unamortized premiums on securities held outright5

   209,586

+       45

+    5,815

   209,308

Unamortized discounts on securities held outright5

   -18,695

-       21

-   14,110

   -18,689

Repurchase agreements6

         0

         0

         0

         0

Loans

       292

+       14

+       15

       335

Primary credit

        14

+        4

-        7

        56

Secondary credit

         0

         0

         0

         0

Seasonal credit

       244

+       10

+       90

       245

Term Asset-Backed Securities Loan Facility7

        34

         0

-       68

        34

Other credit extensions

         0

         0

         0

         0

Net portfolio holdings of Maiden Lane LLC8

     1,668

-        1

+      177

     1,668

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

        44

         0

-      151

        44

Float

      -554

+       23

+       49

      -570

Central bank liquidity swaps12

        77

+        2

-      244

        77

Other Federal Reserve assets13

    23,966

-    1,596

+    3,175

    23,522

Foreign currency denominated assets14

    23,378

-      269

-      597

    23,341

Gold stock

    11,041

         0

         0

    11,041

Special drawing rights certificate account

     5,200

         0

         0

     5,200

Treasury currency outstanding15

    46,062

+       14

+      804

    46,062

Total factors supplying reserve funds

4,461,645

+    2,237

+  774,508

4,457,229

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
Aug 27, 2014

Week ended
Aug 27, 2014

Change from week ended

Aug 20, 2014

Aug 28, 2013

Currency in circulation15

1,287,631

+      379

+   87,687

1,290,194

Reverse repurchase agreements16

   250,178

+    2,592

+  158,452

   282,002

Foreign official and international accounts

   103,603

-   15,163

+   11,877

   102,157

Others

   146,575

+   17,755

+  146,575

   179,845

Treasury cash holdings

       161

+        6

+       16

       161

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

    80,965

+   11,094

-   28,328

    43,521

Term deposits held by depository institutions

         0

         0

         0

         0

U.S. Treasury, General Account

    40,217

-    2,586

+    2,919

    29,547

Foreign official

     6,580

-       11

-    3,804

     6,564

Other17

    34,169

+   13,692

-   27,441

     7,411

Other liabilities and capital18

    63,916

-      453

+      368

    62,957

Total factors, other than reserve balances,
absorbing reserve funds

1,682,851

+   13,617

+  218,195

1,678,835

Reserve balances with Federal Reserve Banks

2,778,794

-   11,380

+  556,313

2,778,394

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
Aug 27, 2014

Week ended
Aug 27, 2014

Change from week ended

Aug 20, 2014

Aug 28, 2013

Securities held in custody for foreign official and international accounts

3,341,164

+   19,039

+   57,822

3,340,565

Marketable U.S. Treasury securities1

3,012,146

+   21,544

+   82,761

3,012,666

Federal agency debt and mortgage-backed securities2

   286,073

-    1,801

-   30,271

   285,934

Other securities3

    42,945

-      704

+    5,332

    41,965

Securities lent to dealers

     9,862

+      479

-    3,544

    11,204

Overnight facility4

     9,862

+      479

-    3,544

    11,204

U.S. Treasury securities

     9,044

+      481

-    3,503

    10,356

Federal agency debt securities

       818

-        2

-       41

       848

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, August 27, 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

       281

        55

         0

         0

         0

...

       335

U.S. Treasury securities2

Holdings

         5

        89

     3,194

1,022,082

   755,717

   654,845

2,435,932

Weekly changes

         0

         0

         0

+        6

+    4,495

+       35

+    4,537

Federal agency debt securities3

Holdings

         0

     2,885

     3,584

    32,746

         0

     2,347

    41,562

Weekly changes

         0

+    1,023

-    1,023

         0

         0

         0

         0

Mortgage-backed securities4

Holdings

         0

         0

         0

        10

     3,835

1,674,467

1,678,312

Weekly changes

         0

         0

         0

         0

-       64

-    3,525

-    3,589

Asset-backed securities held by
TALF LLC5

         0

         0

         0

         0

         0

         0

         0

Repurchase agreements6

         0

         0

...

...

...

...

         0

Central bank liquidity swaps7

        77

         0

         0

         0

         0

         0

        77

Reverse repurchase agreements6

   282,002

         0

...

...

...

...

   282,002

Term deposits

         0

         0

         0

...

...

...

         0

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

Aug 27, 2014

Mortgage-backed securities held outright1

1,678,312

Commitments to buy mortgage-backed securities2

    67,777

Commitments to sell mortgage-backed securities2

         0

Cash and cash equivalents3

        14

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

Aug 27, 2014

Net portfolio holdings of Maiden Lane LLC1

     1,668

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 June 30, 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

Aug 27, 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 June 30, 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

Aug 27, 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 June 30, 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

Aug 27, 2014

Asset-backed securities holdings1

         0

Other investments, net

        44

Net portfolio holdings of TALF LLC

        44

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
Aug 27, 2014

Change since

Wednesday

Wednesday

Aug 20, 2014

Aug 28, 2013

Assets

Gold certificate account

    11,037

         0

         0

Special drawing rights certificate account

     5,200

         0

         0

Coin

     1,933

-        3

-       59

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

4,346,760

+      781

+  767,201

Securities held outright1

4,155,806

+      948

+  775,142

U.S. Treasury securities

2,435,932

+    4,537

+  412,322

Bills2

         0

         0

         0

Notes and bonds, nominal2

2,321,659

+    4,489

+  397,050

Notes and bonds, inflation-indexed2

    97,755

         0

+   11,936

Inflation compensation3

    16,518

+       48

+    3,337

Federal agency debt securities2

    41,562

         0

-   24,151

Mortgage-backed securities4

1,678,312

-    3,589

+  386,971

Unamortized premiums on securities held outright5

   209,308

-      194

+    5,799

Unamortized discounts on securities held outright5

   -18,689

-       16

-   13,790

Repurchase agreements6

         0

         0

         0

Loans

       335

+       43

+       50

Net portfolio holdings of Maiden Lane LLC7

     1,668

         0

+      177

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

        44

         0

-      151

Items in process of collection

(0)

        69

-        4

-       17

Bank premises

     2,268

+        4

-       23

Central bank liquidity swaps11

        77

+        2

-      244

Foreign currency denominated assets12

    23,341

-      152

-      641

Other assets13

    21,254

+      184

+    3,037

Total assets

(0)

4,413,736

+      812

+  769,280

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
Aug 27, 2014

Change since

Wednesday

Wednesday

Aug 20, 2014

Aug 28, 2013

Liabilities

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

1,246,222

+    2,473

+   85,712

Reverse repurchase agreements14

   282,002

+   13,411

+  191,478

Deposits

(0)

2,821,916

-   15,091

+  492,553

Term deposits held by depository institutions

         0

         0

         0

Other deposits held by depository institutions

2,778,394

+    8,551

+  513,819

U.S. Treasury, General Account

    29,547

-    2,678

+    4,483

Foreign official

     6,564

-        2

-    3,818

Other15

(0)

     7,411

-   20,962

-   21,932

Deferred availability cash items

(0)

       639

+       23

-       83

Other liabilities and accrued dividends16

     6,638

+       34

-    1,746

Total liabilities

(0)

4,357,417

+      850

+  767,914

Capital accounts

Capital paid in

    28,160

-       18

+      683

Surplus

    28,160

-       18

+      683

Other capital accounts

         0

         0

         0

Total capital

    56,319

-       38

+    1,366

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, August 27, 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

     1,933

        32

        91

       122

       124

       321

       225

       278

        26

        48

       151

       183

       333

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

4,346,760

    87,921

2,667,711

   104,127

    94,898

   242,969

   240,296

   177,666

    53,671

    26,755

    57,262

   132,451

   461,035

Securities held outright1

4,155,806

    84,065

2,550,682

    99,560

    90,736

   232,271

   229,731

   169,854

    51,259

    25,468

    54,742

   126,629

   440,811

U.S. Treasury securities

2,435,932

    49,275

1,495,086

    58,358

    53,185

   136,146

   134,657

    99,560

    30,046

    14,928

    32,087

    74,224

   258,382

Bills2

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Notes and bonds3

2,435,932

    49,275

1,495,086

    58,358

    53,185

   136,146

   134,657

    99,560

    30,046

    14,928

    32,087

    74,224

   258,382

Federal agency debt securities2

    41,562

       841

    25,509

       996

       907

     2,323

     2,298

     1,699

       513

       255

       547

     1,266

     4,409

Mortgage-backed securities4

1,678,312

    33,949

1,030,087

    40,207

    36,643

    93,802

    92,776

    68,595

    20,701

    10,285

    22,107

    51,139

   178,020

Unamortized premiums on securities held outright5

   209,308

     4,234

   128,465

     5,014

     4,570

    11,698

    11,570

     8,555

     2,582

     1,283

     2,757

     6,378

    22,201

Unamortized discounts on securities held outright5

   -18,689

      -378

   -11,471

      -448

      -408

    -1,045

    -1,033

      -764

      -231

      -115

      -246

      -569

    -1,982

Repurchase agreements6

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Loans

       335

         0

        34

         0

         0

        44

        29

        21

        61

       119

         9

        14

         5

Net portfolio holdings of Maiden

Lane LLC7

     1,668

         0

     1,668

         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

        44

         0

        44

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Items in process of collection

        69

         0

         0

         0

         0

         0

        69

         0

         0

         0

         0

         0

         0

Bank premises

     2,268

       121

       441

        74

       109

       222

       209

       198

       124

        97

       244

       226

       201

Central bank liquidity swaps11

        77

         4

        25

         6

         6

        16

         4

         2

         1

         0

         1

         1

        11

Foreign currency denominated assets12

    23,341

     1,061

     7,508

     1,755

     1,856

     4,866

     1,342

       644

       196

        99

       246

       390

     3,377

Other assets13

    21,254

       460

    12,653

       653

       460

     1,330

     1,147

       852

       299

       193

       296

       746

     2,166

Interdistrict settlement account

         0

+   17,963

-   15,370

+   21,468

+    1,610

-   33,405

+    7,342

-   20,508

-   11,487

-    2,323

-    1,301

+    1,651

+   34,359

Total assets

4,413,736

   108,109

2,680,799

   128,752

    99,764

   217,555

   252,638

   160,262

    43,258

    25,133

    57,342

   136,810

   503,313

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, August 27, 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

1,444,226

    44,629

   492,006

    42,777

    65,136

   103,642

   212,838

    92,327

    37,452

    21,316

    36,865

   116,201

   179,036

Less: Notes held by F.R. Banks

   198,004

     5,102

    63,138

     6,378

     8,801

    11,425

    20,557

    12,531

     5,160

     4,340

     5,311

    26,981

    28,279

Federal Reserve notes, net

1,246,222

    39,527

   428,869

    36,399

    56,336

    92,217

   192,281

    79,796

    32,292

    16,976

    31,553

    89,220

   150,757

Reverse repurchase agreements14

   282,002

     5,704

   173,082

     6,756

     6,157

    15,761

    15,589

    11,526

     3,478

     1,728

     3,715

     8,593

    29,912

Deposits

2,821,916

    60,131

2,056,983

    81,159

    32,613

    97,468

    40,636

    67,095

     6,836

     5,927

    21,350

    37,819

   313,900

Term deposits held by depository institutions

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Other deposits held by depository institutions

2,778,394

    60,124

2,013,718

    81,123

    32,610

    97,288

    40,627

    67,086

     6,836

     5,927

    21,349

    37,816

   313,891

U.S. Treasury, General Account

    29,547

         0

    29,547

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Foreign official

     6,564

         2

     6,536

         3

         3

         8

         2

         1

         0

         0

         0

         1

         6

Other15

     7,411

         5

     7,181

        33

         0

       172

         7

         7

         0

         0

         1

         1

         3

Deferred availability cash items

       639

         0

         0

         0

         0

         0

       492

         0

         0

       147

         0

         0

         0

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

     1,711

        28

     1,116

        56

        27

        50

        92

        59

        21

         8

        22

        56

       175

Other liabilities and accrued
dividends17

     4,927

       157

     2,364

       195

       188

       519

       337

       260

       126

       112

       114

       184

       371

Total liabilities

4,357,417

   105,546

2,662,414

   124,565

    95,322

   206,016

   249,426

   158,736

    42,754

    24,899

    56,754

   135,871

   495,115

Capital

Capital paid in

    28,160

     1,281

     9,193

     2,094

     2,221

     5,770

     1,606

       763

       252

       117

       294

       469

     4,099

Surplus

    28,160

     1,281

     9,193

     2,094

     2,221

     5,770

     1,606

       763

       252

       117

       294

       469

     4,099

Other capital

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Total liabilities and capital

4,413,736

   108,109

2,680,799

   128,752

    99,764

   217,555

   252,638

   160,262

    43,258

    25,133

    57,342

   136,810

   503,313

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, August 27, 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

Aug 27, 2014

Federal Reserve notes outstanding

1,444,226

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

   198,004

Federal Reserve notes to be collateralized

1,246,222

Collateral held against Federal Reserve notes

1,246,222

Gold certificate account

    11,037

Special drawing rights certificate account

     5,200

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

1,229,985

Other assets pledged

         0

Memo:

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

4,155,806

Less: Face value of securities under reverse repurchase agreements

   257,402

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

3,898,404

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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