Federal Reserve Statistical Release, H.4.1, Factors Affecting Reserve Balances; title with eagle logo links to Statistical Release home page
Release Date: Thursday, November 16, 2017
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

November 16, 2017

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
Nov 15, 2017

Week ended
Nov 15, 2017

Change from week ended

Nov 8, 2017

Nov 16, 2016

Reserve Bank credit

4,422,732

+    4,547

+    2,945

4,408,688

Securities held outright1

4,241,334

+    4,020

+   16,521

4,239,252

U.S. Treasury securities

2,459,585

-      342

-    4,116

2,456,641

Bills2

         0

         0

         0

         0

Notes and bonds, nominal2

2,330,701

-      500

-    9,973

2,327,698

Notes and bonds, inflation-indexed2

   109,537

         0

+    4,011

   109,537

Inflation compensation3

    19,348

+      159

+    1,847

    19,406

Federal agency debt securities2

     6,757

         0

-   11,736

     6,757

Mortgage-backed securities4

1,774,991

+    4,361

+   32,372

1,775,854

Unamortized premiums on securities held outright5

   161,052

-       65

-   14,362

   161,032

Unamortized discounts on securities held outright5

   -14,267

+       25

+      981

   -14,284

Repurchase agreements6

        37

+       28

+       37

         0

Loans

        68

+       15

+       22

        51

Primary credit

        19

+       18

+        1

         3

Secondary credit

         0

         0

         0

         0

Seasonal credit

        49

-        3

+       22

        48

Other credit extensions

         0

         0

         0

         0

Net portfolio holdings of Maiden Lane LLC7

     1,712

         0

+        4

     1,710

Float

      -232

+       73

+      165

      -316

Central bank liquidity swaps8

        35

-        2

-      936

        35

Other Federal Reserve assets9

    32,993

+      453

+      513

    21,207

Foreign currency denominated assets10

    20,987

+      112

+      464

    21,122

Gold stock

    11,041

         0

         0

    11,041

Special drawing rights certificate account

     5,200

         0

         0

     5,200

Treasury currency outstanding11

    49,259

+       14

+      803

    49,259

Total factors supplying reserve funds

4,509,219

+    4,673

+    4,212

4,495,311

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
Nov 15, 2017

Week ended
Nov 15, 2017

Change from week ended

Nov 8, 2017

Nov 16, 2016

Currency in circulation11

1,591,246

+    1,096

+  100,375

1,593,044

Reverse repurchase agreements12

   262,427

-   28,105

-   75,618

   263,449

Foreign official and international accounts

   224,126

-    2,779

-   13,993

   228,411

Others

    38,301

-   25,325

-   61,625

    35,038

Treasury cash holdings

       221

-        8

+       28

       205

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

   270,248

+    7,012

-  190,798

   233,082

Term deposits held by depository institutions

         0

         0

         0

         0

U.S. Treasury, General Account

   174,631

-    3,149

-  225,994

   148,165

Foreign official

     5,258

+       91

+       91

     5,368

Other13

    90,360

+   10,071

+   35,105

    79,549

Other liabilities and capital14

    48,822

+      351

+    1,736

    47,724

Total factors, other than reserve balances,
absorbing reserve funds

2,172,964

-   19,653

-  164,278

2,137,504

Reserve balances with Federal Reserve Banks

2,336,255

+   24,326

+  168,489

2,357,806

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 securities, Federal agency debt securities, and mortgage-backed securities, amortization is on an effective-interest basis.

6.

Cash value of agreements.

7.

Refer to table 4 and the note on consolidation accompanying table 6.

8.

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.

9.

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.

10.

Revalued daily at current foreign currency exchange rates.

11.

Estimated.

12.

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

13.

Includes deposits held at the Reserve Banks by international and multilateral organizations, government-sponsored enterprises, designated financial market utilities, and deposits held by depository institutions in joint accounts in connection with their participation in certain private-sector payment arrangements.  Also includes certain deposit accounts other than the U.S. Treasury, General Account, for services provided by the Reserve Banks as fiscal agents of the United States.

14.

Includes the liability for earnings remittances due to the U.S. Treasury.


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
Nov 15, 2017

Week ended
Nov 15, 2017

Change from week ended

Nov 8, 2017

Nov 16, 2016

Securities held in custody for foreign official and international accounts

3,369,108

-    4,239

+  249,723

3,365,427

Marketable U.S. Treasury securities1

3,040,446

-    5,186

+  241,361

3,037,520

Federal agency debt and mortgage-backed securities2

   262,255

-      396

+    2,595

   261,239

Other securities3

    66,407

+    1,342

+    5,767

    66,668

Securities lent to dealers

    21,197

-    4,056

-    1,469

    23,204

Overnight facility4

    21,197

-    4,056

-    1,469

    23,204

U.S. Treasury securities

    21,197

-    4,056

-    1,438

    23,204

Federal agency debt securities

         0

         0

-       31

         0

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, 5, and 6.

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, November 15, 2017

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

Loans

        27

        24

         0

         0

         0

...

        51

U.S. Treasury securities1

Holdings

     7,869

    48,442

   352,103

1,117,050

   292,840

   638,336

2,456,641

Weekly changes

-    3,174

-    7,865

+   34,306

+    5,513

-   36,840

+    4,714

-    3,344

Federal agency debt securities2

Holdings

     2,366

         0

     1,982

        62

         0

     2,347

     6,757

Weekly changes

         0

         0

         0

         0

         0

         0

         0

Mortgage-backed securities3

Holdings

         0

         0

         1

       133

    20,615

1,755,105

1,775,854

Weekly changes

         0

         0

         0

-        1

-      118

+    5,343

+    5,224

Repurchase agreements4

         0

         0

...

...

...

...

         0

Central bank liquidity swaps5

        35

         0

         0

         0

         0

         0

        35

Reverse repurchase agreements4

   263,449

         0

...

...

...

...

   263,449

Term deposits

         0

         0

         0

...

...

...

         0

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

1.

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.

2.

Face value.

3.

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

4.

Cash value of agreements.

5.

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

Nov 15, 2017

Mortgage-backed securities held outright1

1,775,854

Commitments to buy mortgage-backed securities2

    21,262

Commitments to sell mortgage-backed securities2

        10

Cash and cash equivalents3

         0

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 5 and table 6.


4. Information on Principal Accounts of Maiden Lane LLC

Millions of dollars

Account name

Wednesday

Nov 15, 2017

Net portfolio holdings of Maiden Lane LLC1

     1,710

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. Assets are revalued quarterly.

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 6.

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 5 and table 6.

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. The remaining outstanding balances of the senior loan from FRBNY to Maiden Lane LLC, and the subordinated loan from JPMorgan Chase & Co. to Maiden Lane LLC were repaid in full, with interest.


5. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Assets, liabilities, and capital

Eliminations from consolidation

Wednesday
Nov 15, 2017

Change since

Wednesday

Wednesday

Nov 8, 2017

Nov 16, 2016

Assets

Gold certificate account

    11,037

         0

         0

Special drawing rights certificate account

     5,200

         0

         0

Coin

     1,855

+       10

-       11

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

4,386,052

+    1,787

-    4,260

Securities held outright1

4,239,252

+    1,879

+    9,246

U.S. Treasury securities

2,456,641

-    3,344

-    7,081

Bills2

         0

         0

         0

Notes and bonds, nominal2

2,327,698

-    3,503

-   12,976

Notes and bonds, inflation-indexed2

   109,537

         0

+    4,011

Inflation compensation3

    19,406

+      159

+    1,884

Federal agency debt securities2

     6,757

         0

-   11,736

Mortgage-backed securities4

1,775,854

+    5,224

+   28,063

Unamortized premiums on securities held outright5

   161,032

-       20

-   14,503

Unamortized discounts on securities held outright5

   -14,284

-        3

+      974

Repurchase agreements6

         0

-       65

         0

Loans

        51

-        5

+       23

Net portfolio holdings of Maiden Lane LLC7

     1,710

-        2

+        2

Items in process of collection

(0)

        71

-       38

-        6

Bank premises

     2,204

+        3

         0

Central bank liquidity swaps8

        35

-        2

-      936

Foreign currency denominated assets9

    21,122

+      256

+      877

Other assets10

    19,003

-   12,277

-    1,010

Total assets

(0)

4,448,289

-   10,263

-    5,344

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


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

Millions of dollars

Assets, liabilities, and capital

Eliminations from consolidation

Wednesday
Nov 15, 2017

Change since

Wednesday

Wednesday

Nov 8, 2017

Nov 16, 2016

Liabilities

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

1,545,840

+    1,284

+  101,288

Reverse repurchase agreements11

   263,449

-   37,687

-   91,900

Deposits

(0)

2,590,889

+   26,825

-   16,766

Term deposits held by depository institutions

         0

         0

         0

Other deposits held by depository institutions

2,357,806

+   40,196

+  180,221

U.S. Treasury, General Account

   148,165

-   12,272

-  227,743

Foreign official

     5,368

+      202

+      201

Other12

(0)

    79,549

-    1,302

+   30,553

Deferred availability cash items

(0)

       387

-      134

-      136

Other liabilities and accrued dividends13

     6,486

-      552

+    1,201

Total liabilities

(0)

4,407,051

-   10,264

-    6,313

Capital accounts

Capital paid in

    31,238

+        1

+      970

Surplus

    10,000

         0

         0

Other capital accounts

         0

         0

         0

Total capital

    41,238

+        1

+      970

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 securities, Federal agency debt securities, and 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 6.

8.

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.

9.

Revalued daily at current foreign currency exchange rates.

10.

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

11.

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

12.

Includes deposits held at the Reserve Banks by international and multilateral organizations, government-sponsored enterprises, designated financial market utilities, and deposits held by depository institutions in joint accounts in connection with their participation in certain private-sector payment arrangements.  Also includes certain deposit accounts other than the U.S. Treasury, General Account, for services provided by the Reserve Banks as fiscal agents of the United States.

13.

Includes the liability for earnings remittances due to the U.S. Treasury.


6. Statement of Condition of Each Federal Reserve Bank, November 15, 2017

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

       349

     3,592

       348

       553

       776

     1,520

       737

       341

       191

       292

       916

     1,422

Special drawing rights certificate acct.

     5,200

       196

     1,818

       210

       237

       412

       654

       424

       150

        90

       153

       282

       574

Coin

     1,855

        45

        47

       185

       140

       272

       195

       291

        33

        52

       105

       190

       300

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

4,386,052

    85,456

2,469,721

   113,245

   127,190

   256,978

   258,177

   184,478

    58,493

    34,211

    62,219

   175,589

   560,295

Securities held outright1

4,239,252

    82,596

2,387,088

   109,456

   122,934

   248,380

   249,538

   178,297

    56,529

    33,051

    60,122

   169,710

   541,549

U.S. Treasury securities

2,456,641

    47,864

1,383,314

    63,429

    71,240

   143,936

   144,607

   103,323

    32,759

    19,153

    34,841

    98,347

   313,827

Bills2

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Notes and bonds3

2,456,641

    47,864

1,383,314

    63,429

    71,240

   143,936

   144,607

   103,323

    32,759

    19,153

    34,841

    98,347

   313,827

Federal agency debt securities2

     6,757

       132

     3,805

       174

       196

       396

       398

       284

        90

        53

        96

       271

       863

Mortgage-backed securities4

1,775,854

    34,600

   999,969

    45,852

    51,498

   104,048

   104,533

    74,690

    23,681

    13,845

    25,186

    71,093

   226,859

Unamortized premiums on securities  held outright5

   161,032

     3,138

    90,676

     4,158

     4,670

     9,435

     9,479

     6,773

     2,147

     1,255

     2,284

     6,447

    20,571

Unamortized discounts on securities  held outright5

   -14,284

      -278

    -8,043

      -369

      -414

      -837

      -841

      -601

      -190

      -111

      -203

      -572

    -1,825

Repurchase agreements6

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Loans

        51

         0

         0

         0

         0

         0

         1

         9

         7

        15

        15

         4

         0

Net portfolio holdings of Maiden

Lane LLC7

     1,710

         0

     1,710

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Items in process of collection

        71

         0

         0

         0

         0

         0

        70

         0

         0

         1

         0

         0

         0

Bank premises

     2,204

       116

       443

        72

       125

       197

       203

       202

       110

        88

       236

       219

       192

Central bank liquidity swaps8

        35

         2

        11

         2

         3

         8

         2

         1

         0

         0

         0

         0

         5

Foreign currency denominated

assets9

    21,122

       916

     6,765

     1,136

     1,720

     4,564

     1,232

       884

       231

        89

       205

       270

     3,110

Other assets10

    19,003

       409

    10,205

       483

       552

     1,278

     1,122

       800

       447

       158

       327

       821

     2,401

Interdistrict settlement account

         0

-      504

-   61,476

+      331

+    1,477

+    5,858

+    1,281

+   52,095

-      546

+    2,628

+    5,897

+    8,421

-   15,463

Total assets

4,448,289

    86,984

2,432,837

   116,012

   131,998

   270,343

   264,456

   239,913

    59,260

    37,508

    69,434

   186,709

   552,836

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


6. Statement of Condition of Each Federal Reserve Bank, November 15, 2017 (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

1,734,496

    56,621

   573,257

    54,740

    84,576

   120,460

   234,841

   116,799

    52,332

    31,227

    48,233

   141,773

   219,636

Less: Notes held by F.R. Banks

   188,656

     6,756

    52,378

     6,548

     9,588

    13,990

    27,636

    11,986

     5,337

     3,178

     5,603

    17,829

    27,827

Federal Reserve notes, net

1,545,840

    49,865

   520,879

    48,193

    74,988

   106,470

   207,205

   104,812

    46,995

    28,049

    42,630

   123,944

   191,810

Reverse repurchase agreements11

   263,449

     5,133

   148,346

     6,802

     7,640

    15,436

    15,508

    11,080

     3,513

     2,054

     3,736

    10,547

    33,655

Deposits

2,590,889

    30,009

1,747,598

    58,447

    45,742

   138,928

    38,823

   121,920

     8,087

     6,756

    22,495

    51,422

   320,661

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

2,357,806

    30,002

1,574,125

    58,445

    45,738

   138,640

    38,814

    62,639

     8,082

     6,756

    22,494

    51,417

   320,655

U.S. Treasury, General Account

   148,165

         0

   148,165

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Foreign official

     5,368

         2

     5,341

         2

         3

         9

         2

         2

         0

         0

         0

         1

         6

Other12

    79,549

         5

    19,967

         0

         0

       279

         7

    59,279

         6

         0

         1

         4

         1

Deferred availability cash items

       387

         0

         0

         0

         0

         0

        75

         0

         0

       312

         0

         0

         0

Earnings remittances due to the U.S. Treasury13

     1,733

        38

       894

        49

        71

       150

       118

        67

        21

        14

        17

        68

       225

Other liabilities and accrued
dividends

     4,754

       170

     2,034

       200

       208

       492

       331

       284

       150

       137

       146

       210

       392

Total liabilities

4,407,051

    85,214

2,419,751

   113,692

   128,648

   261,476

   262,060

   238,164

    58,765

    37,322

    69,025

   186,191

   546,742

Capital

Capital paid in

    31,238

     1,336

     9,884

     1,783

     2,535

     6,706

     1,814

     1,331

       385

       143

       311

       390

     4,621

Surplus

    10,000

       434

     3,202

       538

       815

     2,161

       583

       419

       109

        42

        97

       128

     1,473

Other capital

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Total liabilities and capital

4,448,289

    86,984

2,432,837

   116,012

   131,998

   270,343

   264,456

   239,913

    59,260

    37,508

    69,434

   186,709

   552,836

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


6. Statement of Condition of Each Federal Reserve Bank, November 15, 2017 (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 securities, Federal agency debt securities, and 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.

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.

9.

Revalued daily at current foreign currency exchange rates.

10.

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

11.

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

12.

Includes deposits held at the Reserve Banks by international and multilateral organizations, government-sponsored enterprises, designated financial market utilities, and deposits held by depository institutions in joint accounts in connection with their participation in certain private-sector payment arrangements.  Also includes certain deposit accounts other than the U.S. Treasury, General Account, for services provided by the Reserve Banks as fiscal agents of the United States.

13.

Represents the estimated weekly remittances due to U.S. Treasury. The amounts on this line represent the residual net earnings that the Federal Reserve Banks remit to the U.S. Treasury after providing for the costs of operations, payment of dividends, and the amount necessary to maintain a $10 billion surplus.

Note on consolidation:

On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended a loan to Maiden Lane LLC (ML) under the authority of section 13(3) of the Federal Reserve Act. ML was formed to acquire certain assets of Bear Stearns. On June 14, 2012, the remaining outstanding balance of the senior loan from FRBNY to ML was repaid in full, with interest. On November 15, 2012, the remaining outstanding balance of the subordinated loan from JPMorgan Chase & Co. to ML was repaid in full, with interest. FRBNY was the primary beneficiary of ML because it received any residual returns and could have absorbed any residual losses should they have occurred. Consistent with generally accepted accounting principles, the assets and liabilities of ML were consolidated with the assets and liabilities of FRBNY in the preparation of the statements of condition shown on this release. As a consequence of the consolidation, the extension of credit from FRBNY to ML was eliminated, the net assets of ML appeared as assets on the previous page (and in table 1 and table 5), and the liabilities of ML to entities other than FRBNY, including those with recourse only to the ML portfolio holdings, were included in other liabilities in this table (and table 1 and table 5).

7. Collateral Held against Federal Reserve Notes: Federal Reserve Agents’ Accounts

Millions of dollars

Federal Reserve notes and collateral

Wednesday

Nov 15, 2017

Federal Reserve notes outstanding

1,734,496

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

   188,656

Federal Reserve notes to be collateralized

1,545,840

Collateral held against Federal Reserve notes

1,545,840

Gold certificate account

    11,037

Special drawing rights certificate account

     5,200

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

1,529,603

Other assets pledged

         0

Memo:

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

4,239,252

Less: Face value of securities under reverse repurchase agreements

   259,058

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

3,980,194

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