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FEDERAL RESERVE statistical release
For Release at
4:30 P.M. EDT
June 12, 2014
Table 10 line items “Less: Face value of securities under reverse repurchase agreements” and “U.S.
Treasury, agency debt, and mortgage-backed securities eligible to be pledged” have been corrected to
include securities pledged as collateral for tri-party reverse repurchase agreements.
The revised data are reported at the following link: http://www.federalreserve.gov/releases/h41/2014update.htm.
Historical data incorporating this correction can be accessed through the Data Download Program (DDP) at
http://www.federalreserve.gov/datadownload/Choose.aspx?rel=H41.
FEDERAL RESERVE statistical release
For Release at
4:30 P.M. EST
February 20, 2014
The Board's H.4.1 statistical release, "Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks," has been modified to reflect a change to tables 1, 8, and 9.
Effective February 18, 2014, deposits held at the Reserve Banks by financial market utilities that were designated
as systemically important by the Financial Stability Oversight Council under Title VIII of the Dodd-Frank
Wall Street Reform and Consumer Protection Act will be included in "Deposits with F.R. Banks, other than reserve
balances, Other" on table 1 and in "Deposits, Other" on tables 8 and 9.
FEDERAL RESERVE statistical release
H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks February 20, 2014
1. Factors Affecting Reserve Balances of Depository Institutions
Millions of dollars
Reserve Bank credit, related items, and Averages of daily figures Wednesday
reserve balances of depository institutions at Week ended Change from week ended Feb 19, 2014
Federal Reserve Banks Feb 19, 2014 Feb 12, 2014 Feb 20, 2013
Reserve Bank credit 4,108,823 + 35,482 +1,071,468 4,105,653
Securities held outright (1) 3,879,280 + 36,982 +1,049,808 3,887,969
U.S. Treasury securities 2,263,311 + 4,663 + 528,811 2,267,872
Bills (2) 0 0 0 0
Notes and bonds, nominal (2) 2,156,383 + 4,666 + 509,921 2,160,945
Notes and bonds, inflation-indexed (2) 93,583 0 + 16,084 93,583
Inflation compensation (3) 13,345 - 2 + 2,805 13,344
Federal agency debt securities (2) 51,411 0 - 23,202 51,411
Mortgage-backed securities (4) 1,564,558 + 32,318 + 544,199 1,568,686
Unamortized premiums on securities held outright (5) 209,329 + 788 + 26,724 209,440
Unamortized discounts on securities held outright (5) -14,967 - 312 - 13,313 -15,148
Repurchase agreements (6) 0 0 0 0
Loans 101 - 1 - 347 101
Primary credit 0 - 4 - 8 2
Secondary credit 0 0 0 0
Seasonal credit 4 + 2 + 3 3
Term Asset-Backed Securities Loan Facility (7) 96 0 - 343 96
Other credit extensions 0 0 0 0
Net portfolio holdings of Maiden Lane LLC (8) 1,580 + 1 + 179 1,580
Net portfolio holdings of Maiden Lane II LLC (9) 63 0 + 2 63
Net portfolio holdings of Maiden Lane III LLC (10) 22 0 0 22
Net portfolio holdings of TALF LLC (11) 106 0 - 401 106
Float -594 + 29 + 83 -1,114
Central bank liquidity swaps (12) 360 0 - 4,832 360
Other Federal Reserve assets (13) 33,542 - 2,005 + 13,563 22,272
Foreign currency denominated assets (14) 24,030 + 122 - 358 24,065
Gold stock 11,041 0 0 11,041
Special drawing rights certificate account 5,200 0 0 5,200
Treasury currency outstanding (15) 45,637 + 14 + 752 45,637
Total factors supplying reserve funds 4,194,732 + 35,618 +1,071,863 4,191,596
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 Averages of daily figures Wednesday
reserve balances of depository institutions at Week ended Change from week ended Feb 19, 2014
Federal Reserve Banks Feb 19, 2014 Feb 12, 2014 Feb 20, 2013
Currency in circulation (15) 1,241,340 + 9,592 + 72,484 1,245,896
Reverse repurchase agreements (16) 192,820 - 5,714 + 95,898 193,885
Foreign official and international accounts 106,223 + 9,169 + 9,301 110,586
Others 86,597 - 14,882 + 86,597 83,299
Treasury cash holdings 268 + 2 + 70 269
Deposits with F.R. Banks, other than reserve balances 80,272 + 5,218 - 42,568 78,163
Term deposits held by depository institutions 0 - 12,822 0 0
U.S. Treasury, General Account 41,184 + 4,774 + 16,307 49,750
Foreign official 8,031 + 36 - 385 7,977
Other (17) 31,057 + 13,231 - 58,491 20,436
Other liabilities and capital (18) 63,679 - 165 - 2,991 62,767
Total factors, other than reserve balances,
absorbing reserve funds 1,578,380 + 8,935 + 122,894 1,580,979
Reserve balances with Federal Reserve Banks 2,616,352 + 26,683 + 948,969 2,610,617
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
Week ended Change from week ended Feb 19, 2014
Feb 19, 2014 Feb 12, 2014 Feb 20, 2013
Securities held in custody for foreign official and
international accounts 3,312,932 - 491 + 10,902 3,320,457
Marketable U.S. Treasury securities (1) 2,962,887 + 1,972 + 1,568 2,971,217
Federal agency debt and mortgage-backed securities (2) 305,213 - 2,514 + 2,046 304,409
Other securities (3) 44,832 + 51 + 7,289 44,832
Securities lent to dealers 10,450 + 756 - 7,535 10,945
Overnight facility (4) 10,450 + 756 - 7,535 10,945
U.S. Treasury securities 9,388 + 827 - 7,905 9,802
Federal agency debt securities 1,062 - 71 + 370 1,143
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, February 19, 2014
Millions of dollars
Remaining Maturity Within 15 16 days to 91 days to Over 1 year Over 5 year Over 10 All
days 90 days 1 year to 5 years to 10 years years
Loans (1) 5 0 64 33 0 ... 101
U.S. Treasury securities (2)
Holdings 295 3 177 819,714 847,898 599,784 2,267,872
Weekly changes + 294 - 295 + 2 + 41,643 - 37,363 + 2,490 + 6,773
Federal agency debt securities (3)
Holdings 0 7,329 7,205 34,468 62 2,347 51,411
Weekly changes 0 + 883 - 883 0 0 0 0
Mortgage-backed securities (4)
Holdings 0 0 0 5 2,940 1,565,740 1,568,686
Weekly changes 0 0 0 0 + 239 + 36,204 + 36,444
Asset-backed securities held by
TALF LLC (5) 0 0 0 0 0 0 0
Repurchase agreements (6) 0 0 ... ... ... ... 0
Central bank liquidity swaps (7) 29 331 0 0 0 0 360
Reverse repurchase agreements (6) 193,885 0 ... ... ... ... 193,885
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
Feb 19, 2014
Mortgage-backed securities held outright (1) 1,568,686
Commitments to buy mortgage-backed securities (2) 45,035
Commitments to sell mortgage-backed securities (2) 0
Cash and cash equivalents (3) 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 8
and table 9.
4. Information on Principal Accounts of Maiden Lane LLC
Millions of dollars
Account name Wednesday
Feb 19, 2014
Net portfolio holdings of Maiden Lane LLC (1) 1,580
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 0
Accrued interest payable to the Federal Reserve Bank of New York (2) 0
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3) 0
1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an
asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued
quarterly. This table reflects valuations as of December 31, 2013. Any assets purchased after this
valuation date are initially recorded at cost until their estimated fair value as of the purchase date
becomes available.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's
statement of condition consistent with consolidation under generally accepted accounting principles. Refer
to the note on consolidation accompanying table 9.
3. Book value. The fair value of these obligations is included in other liabilities and capital in
table 1 and in other liabilities and accrued dividends in table 8 and table 9.
Note: On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended credit to Maiden Lane LLC
under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to
acquire certain assets of Bear Stearns and to manage those assets through time to maximize repayment of the credit
extended and to minimize disruption to financial markets. Payments by Maiden Lane LLC from the proceeds of
the net portfolio holdings will be made in the following order: operating expenses of the LLC, principal due to
the FRBNY, interest due to the FRBNY, principal due to JPMorgan Chase & Co., and interest due to JPMorgan
Chase & Co. Any remaining funds will be paid to the FRBNY.
5. Information on Principal Accounts of Maiden Lane II LLC
Millions of dollars
Account name Wednesday
Feb 19, 2014
Net portfolio holdings of Maiden Lane II LLC (1) 63
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 0
Accrued interest payable to the Federal Reserve Bank of New York (2) 0
Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc. (3) 0
1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an
asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued
quarterly. This table reflects valuations as of December 31, 2013. Any assets purchased after this
valuation date are initially recorded at cost until their estimated fair value as of the purchase date
becomes available.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's
statement of condition consistent with consolidation under generally accepted accounting principles. Refer
to the note on consolidation accompanying table 9.
3. Book value. The deferred payment represents the portion of the proceeds of the net portfolio
holdings due to subsidiaries of American International Group, Inc. in accordance with the asset purchase
agreement. The fair value of this payment and accrued interest payable are included in other
liabilities and capital in table 1 and in other liabilities and accrued dividends in table 8 and table 9.
Note: On December 12, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden
Lane II LLC under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was
formed to purchase residential mortgage-backed securities from the U.S. securities lending reinvestment
portfolio of subsidiaries of American International Group, Inc. (AIG subsidiaries). Payments by Maiden Lane II LLC
from the proceeds of the net portfolio holdings will be made in the following order: operating expenses of
Maiden Lane II LLC, principal due to the FRBNY, interest due to the FRBNY, and deferred payment and interest due
to AIG subsidiaries. Any remaining funds will be shared by the FRBNY and AIG subsidiaries.
6. Information on Principal Accounts of Maiden Lane III LLC
Millions of dollars
Account name Wednesday
Feb 19, 2014
Net portfolio holdings of Maiden Lane III LLC (1) 22
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 0
Accrued interest payable to the Federal Reserve Bank of New York (2) 0
Outstanding principal amount and accrued interest on loan payable to American International Group, Inc. (3) 0
1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an
asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued
quarterly. This table reflects valuations as of December 31, 2013. Any assets purchased after this
valuation date are initially recorded at cost until their estimated fair value as of the purchase date
becomes available.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's
statement of condition consistent with consolidation under generally accepted accounting principles. Refer
to the note on consolidation accompanying table 9.
3. Book value. The fair value of these obligations is included in other liabilities and capital in
table 1 and in other liabilities and accrued dividends in table 8 and table 9.
Note: On November 25, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden
Lane III LLC under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was
formed to purchase multi-sector collateralized debt obligations (CDOs) on which the Financial Products group
of American International Group, Inc. (AIG) has written credit default swap (CDS) contracts. In connection
with the purchase of CDOs, the CDS counterparties will concurrently unwind the related CDS transactions. Payments
by Maiden Lane III LLC from the proceeds of the net portfolio holdings will be made in the following order:
operating expenses of Maiden Lane III LLC, principal due to the FRBNY, interest due to the FRBNY, principal due
to AIG, and interest due to AIG. Any remaining funds will be shared by the FRBNY and AIG.
7. Information on Principal Accounts of TALF LLC
Millions of dollars
Account name Wednesday
Feb 19, 2014
Asset-backed securities holdings (1) 0
Other investments, net 106
Net portfolio holdings of TALF LLC 106
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 0
Accrued interest payable to the Federal Reserve Bank of New York (2) 0
Funding provided by U.S. Treasury to TALF LLC, including accrued interest payable (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.
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 Wednesday Change since
from Feb 19, 2014 Wednesday Wednesday
consolidation Feb 12, 2014 Feb 20, 2013
Assets
Gold certificate account 11,037 0 0
Special drawing rights certificate account 5,200 0 0
Coin 2,039 - 12 - 167
Securities, unamortized premiums and discounts,
repurchase agreements, and loans 4,082,363 + 43,745 +1,056,196
Securities held outright (1) 3,887,969 + 43,217 +1,044,188
U.S. Treasury securities 2,267,872 + 6,773 + 531,416
Bills (2) 0 0 0
Notes and bonds, nominal (2) 2,160,945 + 6,775 + 512,509
Notes and bonds, inflation-indexed (2) 93,583 0 + 16,084
Inflation compensation (3) 13,344 - 3 + 2,823
Federal agency debt securities (2) 51,411 0 - 23,202
Mortgage-backed securities (4) 1,568,686 + 36,444 + 535,974
Unamortized premiums on securities held outright
(5) 209,440 + 907 + 25,850
Unamortized discounts on securities held outright
(5) -15,148 - 380 - 13,496
Repurchase agreements (6) 0 0 0
Loans 101 0 - 347
Net portfolio holdings of Maiden Lane LLC (7) 1,580 + 1 + 180
Net portfolio holdings of Maiden Lane II LLC (8) 63 0 + 2
Net portfolio holdings of Maiden Lane III LLC (9) 22 0 0
Net portfolio holdings of TALF LLC (10) 106 0 - 401
Items in process of collection (0) 117 + 40 - 456
Bank premises 2,282 + 3 - 26
Central bank liquidity swaps (11) 360 0 - 4,832
Foreign currency denominated assets (12) 24,065 + 203 - 313
Other assets (13) 19,990 - 14,227 + 3,891
Total assets (0) 4,149,224 + 29,750 +1,054,074
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 Wednesday Change since
from Feb 19, 2014 Wednesday Wednesday
consolidation Feb 12, 2014 Feb 20, 2013
Liabilities
Federal Reserve notes, net of F.R. Bank holdings 1,202,562 + 10,869 + 74,839
Reverse repurchase agreements (14) 193,885 + 1,813 + 100,764
Deposits (0) 2,688,780 + 15,853 + 880,668
Term deposits held by depository institutions 0 - 12,822 0
Other deposits held by depository institutions 2,610,617 + 8,832 + 942,234
U.S. Treasury, General Account 49,750 + 17,186 + 9,047
Foreign official 7,977 + 6 - 424
Other (15) (0) 20,436 + 2,652 - 70,189
Deferred availability cash items (0) 1,230 + 465 - 410
Other liabilities and accrued dividends (16) 6,938 + 726 - 2,634
Total liabilities (0) 4,093,395 + 29,727 +1,053,227
Capital accounts
Capital paid in 27,914 + 11 + 423
Surplus 27,914 + 11 + 423
Other capital accounts 0 0 0
Total capital 55,829 + 24 + 847
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, February 19, 2014
Millions of dollars
Assets, liabilities, and capital Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas Dallas San
City Francisco
Assets
Gold certificate account 11,037 391 3,925 397 512 856 1,421 792 310 190 309 728 1,206
Special drawing rights certificate acct. 5,200 196 1,818 210 237 412 654 424 150 90 153 282 574
Coin 2,039 39 94 129 135 347 241 285 23 52 158 191 346
Securities, unamortized premiums and
discounts, repurchase agreements,
and loans 4,082,363 106,747 2,263,877 118,281 104,257 253,838 271,180 220,592 65,685 38,740 77,232 158,524 403,410
Securities held outright (1) 3,887,969 101,666 2,156,038 112,651 99,295 241,757 258,273 210,092 62,559 36,894 73,556 150,979 384,209
U.S. Treasury securities 2,267,872 59,303 1,257,628 65,710 57,919 141,018 150,652 122,548 36,491 21,520 42,906 88,067 224,111
Bills (2) 0 0 0 0 0 0 0 0 0 0 0 0 0
Notes and bonds (3) 2,267,872 59,303 1,257,628 65,710 57,919 141,018 150,652 122,548 36,491 21,520 42,906 88,067 224,111
Federal agency debt securities (2) 51,411 1,344 28,510 1,490 1,313 3,197 3,415 2,778 827 488 973 1,996 5,080
Mortgage-backed securities (4) 1,568,686 41,020 869,900 45,452 40,063 97,542 104,206 84,766 25,241 14,886 29,678 60,916 155,017
Unamortized premiums on securities held
outright (5) 209,440 5,477 116,143 6,068 5,349 13,023 13,913 11,317 3,370 1,987 3,962 8,133 20,697
Unamortized discounts on securities
held outright (5) -15,148 -396 -8,400 -439 -387 -942 -1,006 -819 -244 -144 -287 -588 -1,497
Repurchase agreements (6) 0 0 0 0 0 0 0 0 0 0 0 0 0
Loans 101 0 96 0 0 0 1 1 0 2 0 0 1
Net portfolio holdings of Maiden
Lane LLC (7) 1,580 0 1,580 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of Maiden
Lane II LLC (8) 63 0 63 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of Maiden
Lane III LLC (9) 22 0 22 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of TALF LLC (10) 106 0 106 0 0 0 0 0 0 0 0 0 0
Items in process of collection 117 0 0 0 0 0 116 0 0 0 0 0 0
Bank premises 2,282 124 430 73 110 227 211 201 126 99 246 231 203
Central bank liquidity swaps (11) 360 16 116 27 29 75 21 10 3 2 4 6 52
Foreign currency denominated assets (12) 24,065 1,094 7,741 1,809 1,914 5,018 1,383 664 202 102 253 402 3,482
Other assets (13) 19,990 567 10,593 593 523 1,429 1,330 1,070 395 257 404 864 1,964
Interdistrict settlement account 0 - 28,605 + 289,663 - 11,204 - 23,374 - 24,903 - 62,552 - 75,017 - 19,775 - 16,766 - 25,043 - 39,830 + 37,406
Total assets 4,149,224 80,570 2,580,028 110,314 84,343 237,299 214,004 149,022 47,120 22,766 53,716 121,398 448,644
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, February 19, 2014 (continued)
Millions of dollars
Assets, liabilities, and capital Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas Dallas San
City Francisco
Liabilities
Federal Reserve notes outstanding 1,385,670 44,453 509,731 40,820 60,333 103,490 167,061 88,026 34,872 20,366 36,755 118,872 160,890
Less: Notes held by F.R. Banks 183,108 3,881 34,239 4,745 6,553 7,019 15,226 12,908 2,892 7,756 10,485 49,994 27,411
Federal Reserve notes, net 1,202,562 40,572 475,492 36,075 53,780 96,471 151,835 75,118 31,981 12,610 26,270 68,879 133,479
Reverse repurchase agreements (14) 193,885 5,070 107,517 5,618 4,952 12,056 12,880 10,477 3,120 1,840 3,668 7,529 19,160
Deposits 2,688,780 32,177 1,975,839 64,186 20,930 116,592 44,432 61,451 11,352 7,836 23,010 43,748 287,227
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 2,610,617 32,172 1,897,908 64,161 20,927 116,423 44,421 61,442 11,351 7,836 23,008 43,747 287,221
U.S. Treasury, General Account 49,750 0 49,750 0 0 0 0 0 0 0 0 0 0
Foreign official 7,977 2 7,949 3 3 8 2 1 0 0 0 1 6
Other (15) 20,436 3 20,232 21 0 160 10 7 0 0 1 1 1
Deferred availability cash items 1,230 0 0 0 0 0 1,125 0 0 105 0 0 0
Interest on Federal Reserve notes due
to U.S. Treasury (16) 2,087 59 1,117 69 58 158 142 105 32 16 37 80 214
Other liabilities and accrued
dividends (17) 4,850 190 1,736 230 219 549 419 351 152 126 142 245 493
Total liabilities 4,093,395 78,068 2,561,701 106,177 79,939 225,825 210,834 147,501 46,636 22,533 53,127 120,481 440,573
Capital
Capital paid in 27,914 1,251 9,164 2,068 2,202 5,737 1,585 760 242 117 295 459 4,035
Surplus 27,914 1,251 9,164 2,068 2,202 5,737 1,585 760 242 117 295 459 4,035
Other capital 0 0 0 0 0 0 0 0 0 0 0 0 0
Total liabilities and capital 4,149,224 80,570 2,580,028 110,314 84,343 237,299 214,004 149,022 47,120 22,766 53,716 121,398 448,644
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, February 19, 2014 (continued)
1. Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.
2. Face value of the securities.
3. Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face value of such securities.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the remaining principal balance of the securities.
5. Reflects the premium or discount, which is the difference between the purchase price and the face value of the securities that has not been amortized. For U.S. Treasury and Federal agency debt
securities, amortization is on a straight-line basis. For mortgage-backed securities, amortization is on an effective-interest basis.
6. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.
7. Refer to table 4 and the note on consolidation below.
8. Refer to table 5 and the note on consolidation below.
9. Refer to table 6 and the note on consolidation below.
10. Refer to table 7 and the note on consolidation below.
11. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals
the market exchange rate used when the foreign currency was acquired from the foreign central bank.
12. Revalued daily at current foreign currency exchange rates.
13. Includes accrued interest, which represents the daily accumulation of interest earned, and other accounts receivable.
14. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.
15. Includes deposits held at the Reserve Banks by international and multilateral organizations, government-sponsored enterprises, and designated financial market utilities.
16. Represents the estimated weekly remittances to U.S. Treasury as interest on Federal Reserve notes or, in those cases where the Reserve Bank's net earnings are not sufficient to equate surplus to
capital paid-in, the deferred asset for interest on Federal Reserve notes. The amount of any deferred asset, which is presented as a negative amount in this line, represents the amount of the
Federal Reserve Bank's earnings that must be retained before remittances to the U.S. Treasury resume. The amounts on this line are calculated in accordance with Board of Governors policy, which requires
the Federal Reserve Banks to remit residual earnings to the U.S. Treasury as interest on Federal Reserve notes after providing for the costs of operations, payment of dividends, and the amount
necessary to equate surplus with capital paid-in.
17. Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to entities other than the Federal Reserve Bank of New York, including liabilities that have
recourse only to the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note on consolidation below.
Note on consolidation:
The Federal Reserve Bank of New York (FRBNY) has extended loans to several limited liability companies under the authority of section 13(3) of the Federal Reserve Act. On June 26, 2008, a
loan was extended to Maiden Lane LLC, which was formed to acquire certain assets of Bear Stearns. On November 25, 2008, a loan was extended to Maiden Lane III LLC, which was formed to purchase
multi-sector collateralized debt obligations on which the Financial Products group of the American International Group, Inc. has written credit default swap contracts. On December 12, 2008, a
loan was extended to Maiden Lane II LLC, which was formed to purchase residential mortgage-backed securities from the U.S. securities lending reinvestment portfolio of subsidiaries of American
International Group, Inc. On November 25, 2008, the Federal Reserve Board authorized the FRBNY to extend credit to TALF LLC, which was formed to purchase and manage any asset-backed securities
received by the FRBNY in connection with the decision of a borrower not to repay a loan extended under the Term Asset-Backed Securities Loan Facility.
The FRBNY is the primary beneficiary of TALF LLC, because of the two beneficiaries of the LLC, the FRBNY and the U.S. Treasury, the FRBNY is primarily responsible for directing the financial
activities of TALF LLC. The FRBNY is the primary beneficiary of the other LLCs cited above because it will receive a majority of any residual returns of the LLCs and absorb a majority of any
residual losses of the LLCs. Consistent with generally accepted accounting principles, the assets and liabilities of these LLCs have been consolidated with the assets and liabilities of the
FRBNY in the preparation of the statements of condition shown on this release. As a consequence of the consolidation, the extensions of credit from the FRBNY to the LLCs are eliminated, the net
assets of the LLCs appear as assets on the previous page (and in table 1 and table 8), and the liabilities of the LLCs to entities other than the FRBNY, including those with recourse only to
the portfolio holdings of the LLCs, are included in other liabilities in this table (and table 1 and table 8).
10. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts
Millions of dollars
Federal Reserve notes and collateral Wednesday
Feb 19, 2014
Federal Reserve notes outstanding 1,385,670
Less: Notes held by F.R. Banks not subject to collateralization 183,108
Federal Reserve notes to be collateralized 1,202,562
Collateral held against Federal Reserve notes 1,202,562
Gold certificate account 11,037
Special drawing rights certificate account 5,200
U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 1,186,325
Other assets pledged 0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 3,887,969
Less: Face value of securities under reverse repurchase agreements 189,307
U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,698,662
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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