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Release Date: March 20, 2014
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FEDERAL RESERVE statistical release
For Release at
4:30 P.M. EDT
June 12, 2014
Table 10 line items “Less: Face value of securities under reverse repurchase agreements” and “U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged” have been corrected to include securities pledged as collateral for tri-party reverse repurchase agreements.
The revised data are reported at the following link: http://www.federalreserve.gov/releases/h41/2014update.htm.
Historical data incorporating this correction can be accessed through the Data Download Program (DDP) at http://www.federalreserve.gov/datadownload/Choose.aspx?rel=H41.
FEDERAL RESERVE statistical release
H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks March 20, 2014
1. Factors Affecting Reserve Balances of Depository Institutions
Millions of dollars
Reserve Bank credit, related items, and Averages of daily figures Wednesday
reserve balances of depository institutions at Week ended Change from week ended Mar 19, 2014
Federal Reserve Banks Mar 19, 2014 Mar 12, 2014 Mar 20, 2013
Reserve Bank credit 4,173,637 + 39,094 +1,032,582 4,178,850
Securities held outright (1) 3,950,756 + 36,247 +1,028,750 3,956,122
U.S. Treasury securities 2,301,762 + 8,787 + 524,318 2,305,795
Bills (2) 0 0 0 0
Notes and bonds, nominal (2) 2,193,425 + 7,521 + 505,640 2,197,425
Notes and bonds, inflation-indexed (2) 94,565 + 957 + 15,686 94,565
Inflation compensation (3) 13,771 + 309 + 2,991 13,805
Federal agency debt securities (2) 47,343 - 4,068 - 25,539 47,343
Mortgage-backed securities (4) 1,601,651 + 31,528 + 529,970 1,602,984
Unamortized premiums on securities held outright (5) 209,964 + 1,052 + 21,028 209,957
Unamortized discounts on securities held outright (5) -16,328 - 215 - 14,661 -16,456
Repurchase agreements (6) 0 0 0 0
Loans 109 + 4 - 283 122
Primary credit 8 + 2 + 2 20
Secondary credit 0 0 0 0
Seasonal credit 6 + 1 + 6 8
Term Asset-Backed Securities Loan Facility (7) 95 0 - 291 95
Other credit extensions 0 0 0 0
Net portfolio holdings of Maiden Lane LLC (8) 1,585 + 3 + 183 1,585
Net portfolio holdings of Maiden Lane II LLC (9) 63 0 - 1 63
Net portfolio holdings of Maiden Lane III LLC (10) 22 0 0 22
Net portfolio holdings of TALF LLC (11) 105 0 - 294 105
Float -614 + 61 + 67 -654
Central bank liquidity swaps (12) 458 + 1 - 7,507 458
Other Federal Reserve assets (13) 27,518 + 1,942 + 5,302 27,526
Foreign currency denominated assets (14) 24,310 + 200 + 490 24,301
Gold stock 11,041 0 0 11,041
Special drawing rights certificate account 5,200 0 0 5,200
Treasury currency outstanding (15) 45,693 + 14 + 750 45,693
Total factors supplying reserve funds 4,259,881 + 39,307 +1,033,822 4,265,086
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.
1. Factors Affecting Reserve Balances of Depository Institutions (continued)
Millions of dollars
Reserve Bank credit, related items, and Averages of daily figures Wednesday
reserve balances of depository institutions at Week ended Change from week ended Mar 19, 2014
Federal Reserve Banks Mar 19, 2014 Mar 12, 2014 Mar 20, 2013
Currency in circulation (15) 1,265,127 + 5,017 + 90,283 1,266,653
Reverse repurchase agreements (16) 158,975 - 608 + 63,312 171,880
Foreign official and international accounts 96,624 - 162 + 961 95,735
Others 62,351 - 446 + 62,351 76,145
Treasury cash holdings 278 + 6 + 56 275
Deposits with F.R. Banks, other than reserve balances 126,149 + 41,351 - 8,755 149,597
Term deposits held by depository institutions 15,183 + 1,641 + 12,138 15,183
U.S. Treasury, General Account 88,345 + 32,204 + 16,979 118,033
Foreign official 6,629 - 215 - 1,451 6,978
Other (17) 15,993 + 7,723 - 36,420 9,403
Other liabilities and capital (18) 64,459 + 669 - 2,603 62,686
Total factors, other than reserve balances,
absorbing reserve funds 1,614,988 + 46,435 + 142,293 1,651,090
Reserve balances with Federal Reserve Banks 2,644,893 - 7,128 + 891,529 2,613,996
Note: Components may not sum to totals because of rounding.
1. Includes securities lent to dealers under the overnight securities lending facility; refer to table
1A.
2. Face value of the securities.
3. Compensation that adjusts for the effect of inflation on the original face value of
inflation-indexed securities.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the
remaining principal balance of the securities.
5. Reflects the premium or discount, which is the difference between the purchase price and the face
value of the securities that has not been amortized. For U.S. Treasury and Federal agency debt
securities, amortization is on a straight-line basis. For mortgage-backed securities, amortization is on an
effective-interest basis.
6. Cash value of agreements.
7. Includes credit extended by the Federal Reserve Bank of New York to eligible borrowers through the
Term Asset-Backed Securities Loan Facility.
8. Refer to table 4 and the note on consolidation accompanying table 9.
9. Refer to table 5 and the note on consolidation accompanying table 9.
10. Refer to table 6 and the note on consolidation accompanying table 9.
11. Refer to table 7 and the note on consolidation accompanying table 9.
12. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used
when the foreign currency is returned to the foreign central bank. This exchange rate equals the
market exchange rate used when the foreign currency was acquired from the foreign central bank.
13. Includes accrued interest, which represents the daily accumulation of interest earned, and other
accounts receivable. Also, includes Reserve Bank premises and equipment net of allowances for
depreciation.
14. Revalued daily at current foreign currency exchange rates.
15. Estimated.
16. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt
securities, and mortgage-backed securities.
17. Includes deposits held at the Reserve Banks by international and multilateral organizations,
government-sponsored enterprises, and designated financial market utilities.
18. Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC
to entities other than the Federal Reserve Bank of New York, including liabilities that have recourse
only to the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note on
consolidation accompanying table 9. Also includes the liability for interest on Federal Reserve notes due
to U.S. Treasury. Refer to table 8 and table 9.
Sources: Federal Reserve Banks and the U.S. Department of the Treasury.
1A. Memorandum Items
Millions of dollars
Memorandum item Averages of daily figures Wednesday
Week ended Change from week ended Mar 19, 2014
Mar 19, 2014 Mar 12, 2014 Mar 20, 2013
Securities held in custody for foreign official and
international accounts 3,205,983 - 67,746 - 96,753 3,232,748
Marketable U.S. Treasury securities (1) 2,859,923 - 62,076 - 107,011 2,887,627
Federal agency debt and mortgage-backed securities (2) 301,569 - 5,004 + 3,421 300,607
Other securities (3) 44,491 - 665 + 6,836 44,513
Securities lent to dealers 13,881 + 2,209 - 2,831 14,233
Overnight facility (4) 13,881 + 2,209 - 2,831 14,233
U.S. Treasury securities 12,610 + 2,352 - 2,935 13,094
Federal agency debt securities 1,271 - 142 + 104 1,139
Note: Components may not sum to totals because of rounding.
1. Includes securities and U.S. Treasury STRIPS at face value, and inflation compensation on TIPS.
Does not include securities pledged as collateral to foreign official and international account holders
against reverse repurchase agreements with the Federal Reserve presented in tables 1, 8, and 9.
2. Face value of federal agency securities and current face value of mortgage-backed securities, which
is the remaining principal balance of the securities.
3. Includes non-marketable U.S. Treasury securities, supranationals, corporate bonds, asset-backed
securities, and commercial paper at face value.
4. Face value. Fully collateralized by U.S. Treasury securities.
2. Maturity Distribution of Securities, Loans, and Selected Other Assets and Liabilities, March 19, 2014
Millions of dollars
Remaining Maturity Within 15 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) 28 0 95 0 0 ... 122
U.S. Treasury securities (2)
Holdings 1 38 142 831,917 861,640 612,055 2,305,795
Weekly changes + 1 - 2 + 1 + 3,749 + 2,556 + 3,549 + 9,857
Federal agency debt securities (3)
Holdings 0 3,261 7,205 34,468 62 2,347 47,343
Weekly changes - 4,068 0 0 0 0 0 - 4,068
Mortgage-backed securities (4)
Holdings 0 0 0 5 2,940 1,600,039 1,602,984
Weekly changes 0 0 0 0 0 + 32,856 + 32,855
Asset-backed securities held by
TALF LLC (5) 0 0 0 0 0 0 0
Repurchase agreements (6) 0 0 ... ... ... ... 0
Central bank liquidity swaps (7) 101 357 0 0 0 0 458
Reverse repurchase agreements (6) 171,880 0 ... ... ... ... 171,880
Term deposits 15,183 0 0 ... ... ... 15,183
Note: Components may not sum to totals because of rounding.
...Not applicable.
1. Excludes the loans from the Federal Reserve Bank of New York (FRBNY) to Maiden Lane LLC, Maiden
Lane II LLC, Maiden Lane III LLC, and TALF LLC. The loans were eliminated when preparing the FRBNY's
statement of condition consistent with consolidation under generally accepted accounting principles.
2. Face value. For inflation-indexed securities, includes the original face value and compensation
that adjusts for the effect of inflation on the original face value of such securities.
3. Face value.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the
remaining principal balance of the securities.
5. Face value of asset-backed securities held by TALF LLC, which is the remaining principal balance of
the underlying assets.
6. Cash value of agreements.
7. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used
when the foreign currency is returned to the foreign central bank. This exchange rate equals the
market exchange rate used when the foreign currency was acquired from the foreign central bank.
3. Supplemental Information on Mortgage-Backed Securities
Millions of dollars
Account name Wednesday
Mar 19, 2014
Mortgage-backed securities held outright (1) 1,602,984
Commitments to buy mortgage-backed securities (2) 41,827
Commitments to sell mortgage-backed securities (2) 0
Cash and cash equivalents (3) 26
1. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the
remaining principal balance of the securities.
2. Current face value. Generally settle within 180 days and include commitments associated with
outright transactions, dollar rolls, and coupon swaps.
3. This amount is included in other Federal Reserve assets in table 1 and in other assets in table 8
and table 9.
4. Information on Principal Accounts of Maiden Lane LLC
Millions of dollars
Account name Wednesday
Mar 19, 2014
Net portfolio holdings of Maiden Lane LLC (1) 1,585
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
Mar 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
Mar 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
Mar 19, 2014
Asset-backed securities holdings (1) 0
Other investments, net 105
Net portfolio holdings of TALF LLC 105
Outstanding principal amount of loan extended by the Federal Reserve Bank of New 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 Mar 19, 2014 Wednesday Wednesday
consolidation Mar 12, 2014 Mar 20, 2013
Assets
Gold certificate account 11,037 0 0
Special drawing rights certificate account 5,200 0 0
Coin 1,953 - 14 - 167
Securities, unamortized premiums and discounts,
repurchase agreements, and loans 4,149,745 + 39,647 +1,018,129
Securities held outright (1) 3,956,122 + 38,644 +1,013,539
U.S. Treasury securities 2,305,795 + 9,857 + 521,143
Bills (2) 0 0 0
Notes and bonds, nominal (2) 2,197,425 + 8,590 + 502,453
Notes and bonds, inflation-indexed (2) 94,565 + 957 + 15,686
Inflation compensation (3) 13,805 + 310 + 3,003
Federal agency debt securities (2) 47,343 - 4,068 - 25,080
Mortgage-backed securities (4) 1,602,984 + 32,855 + 517,477
Unamortized premiums on securities held outright
(5) 209,957 + 1,160 + 19,650
Unamortized discounts on securities held outright
(5) -16,456 - 174 - 14,790
Repurchase agreements (6) 0 0 0
Loans 122 + 18 - 270
Net portfolio holdings of Maiden Lane LLC (7) 1,585 0 + 184
Net portfolio holdings of Maiden Lane II LLC (8) 63 0 - 1
Net portfolio holdings of Maiden Lane III LLC (9) 22 0 0
Net portfolio holdings of TALF LLC (10) 105 0 - 294
Items in process of collection (0) 85 - 6 - 412
Bank premises 2,276 + 1 - 27
Central bank liquidity swaps (11) 458 + 1 - 7,507
Foreign currency denominated assets (12) 24,301 + 115 + 555
Other assets (13) 25,250 + 975 + 4,732
Total assets (0) 4,222,081 + 40,720 +1,015,193
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.
8. Consolidated Statement of Condition of All Federal Reserve Banks (continued)
Millions of dollars
Assets, liabilities, and capital Eliminations Wednesday Change since
from Mar 19, 2014 Wednesday Wednesday
consolidation Mar 12, 2014 Mar 20, 2013
Liabilities
Federal Reserve notes, net of F.R. Bank holdings 1,223,183 + 4,614 + 90,627
Reverse repurchase agreements (14) 171,880 + 10,253 + 78,955
Deposits (0) 2,763,593 + 25,955 + 849,679
Term deposits held by depository institutions 15,183 + 1,641 + 12,138
Other deposits held by depository institutions 2,613,996 - 48,690 + 857,772
U.S. Treasury, General Account 118,033 + 75,236 + 46,902
Foreign official 6,978 + 408 - 1,974
Other (15) (0) 9,403 - 2,640 - 65,159
Deferred availability cash items (0) 739 - 83 - 399
Other liabilities and accrued dividends (16) 6,598 - 31 - 4,662
Total liabilities (0) 4,165,994 + 40,709 +1,014,201
Capital accounts
Capital paid in 28,044 + 6 + 497
Surplus 28,044 + 6 + 497
Other capital accounts 0 0 0
Total capital 56,087 + 11 + 993
Note: Components may not sum to totals because of rounding.
1. Includes securities lent to dealers under the overnight securities lending facility; refer to table
1A.
2. Face value of the securities.
3. Compensation that adjusts for the effect of inflation on the original face value of
inflation-indexed securities.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the
remaining principal balance of the securities.
5. Reflects the premium or discount, which is the difference between the purchase price and the face
value of the securities that has not been amortized. For U.S. Treasury and Federal agency debt
securities, amortization is on a straight-line basis. For mortgage-backed securities, amortization is on an
effective-interest basis.
6. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.
7. Refer to table 4 and the note on consolidation accompanying table 9.
8. Refer to table 5 and the note on consolidation accompanying table 9.
9. Refer to table 6 and the note on consolidation accompanying table 9.
10. Refer to table 7 and the note on consolidation accompanying table 9.
11. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used
when the foreign currency is returned to the foreign central bank. This exchange rate equals the
market exchange rate used when the foreign currency was acquired from the foreign central bank.
12. Revalued daily at current foreign currency exchange rates.
13. Includes accrued interest, which represents the daily accumulation of interest earned, and other
accounts receivable.
14. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt
securities, and mortgage-backed securities.
15. Includes deposits held at the Reserve Banks by international and multilateral organizations,
government-sponsored enterprises, and designated financial market utilities.
16. Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC
to entities other than the Federal Reserve Bank of New York, including liabilities that have recourse
only to the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note on
consolidation accompanying table 9. Also includes the liability for interest on Federal Reserve notes due
to U.S. Treasury.
9. Statement of Condition of Each Federal Reserve Bank, March 19, 2014
Millions of dollars
Assets, liabilities, and capital Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas Dallas San
City Francisco
Assets
Gold certificate account 11,037 391 3,925 397 512 856 1,421 792 310 190 309 728 1,206
Special drawing rights certificate acct. 5,200 196 1,818 210 237 412 654 424 150 90 153 282 574
Coin 1,953 38 95 124 127 337 221 277 22 48 153 175 336
Securities, unamortized premiums and
discounts, repurchase agreements,
and loans 4,149,745 108,508 2,301,242 120,232 105,977 258,028 275,654 224,239 66,770 39,382 78,507 161,140 410,066
Securities held outright (1) 3,956,122 103,449 2,193,832 114,626 101,035 245,995 262,800 213,775 63,655 37,540 74,845 153,626 390,944
U.S. Treasury securities 2,305,795 60,294 1,278,658 66,809 58,888 143,376 153,171 124,597 37,101 21,880 43,623 89,540 227,859
Bills (2) 0 0 0 0 0 0 0 0 0 0 0 0 0
Notes and bonds (3) 2,305,795 60,294 1,278,658 66,809 58,888 143,376 153,171 124,597 37,101 21,880 43,623 89,540 227,859
Federal agency debt securities (2) 47,343 1,238 26,254 1,372 1,209 2,944 3,145 2,558 762 449 896 1,838 4,678
Mortgage-backed securities (4) 1,602,984 41,916 888,920 46,445 40,939 99,675 106,484 86,620 25,792 15,211 30,327 62,248 158,407
Unamortized premiums on securities held
outright (5) 209,957 5,490 116,430 6,083 5,362 13,055 13,947 11,345 3,378 1,992 3,972 8,153 20,748
Unamortized discounts on securities
held outright (5) -16,456 -430 -9,126 -477 -420 -1,023 -1,093 -889 -265 -156 -311 -639 -1,626
Repurchase agreements (6) 0 0 0 0 0 0 0 0 0 0 0 0 0
Loans 122 0 106 0 0 1 0 8 1 6 1 0 0
Net portfolio holdings of Maiden
Lane LLC (7) 1,585 0 1,585 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) 105 0 105 0 0 0 0 0 0 0 0 0 0
Items in process of collection 85 0 0 0 0 0 84 0 0 0 0 0 0
Bank premises 2,276 123 428 72 110 227 211 201 126 99 246 230 203
Central bank liquidity swaps (11) 458 21 147 34 36 96 26 13 4 2 5 8 66
Foreign currency denominated assets (12) 24,301 1,105 7,817 1,827 1,932 5,067 1,397 671 204 103 256 406 3,516
Other assets (13) 25,250 690 13,641 856 641 1,723 1,650 1,333 451 300 489 1,032 2,444
Interdistrict settlement account 0 - 23,505 + 278,433 - 4,324 - 22,729 - 30,986 - 65,215 - 75,828 - 20,610 - 16,129 - 27,918 - 27,892 + 36,704
Total assets 4,222,081 87,567 2,609,322 119,429 86,843 235,759 216,104 152,121 47,426 24,086 52,199 136,110 455,115
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.
9. Statement of Condition of Each Federal Reserve Bank, March 19, 2014 (continued)
Millions of dollars
Assets, liabilities, and capital Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas Dallas San
City Francisco
Liabilities
Federal Reserve notes outstanding 1,404,030 44,385 519,241 42,577 60,654 103,005 169,102 88,210 36,422 20,703 36,933 118,639 164,158
Less: Notes held by F.R. Banks 180,847 3,693 39,041 4,427 7,563 9,273 16,326 13,303 4,120 6,992 9,022 38,688 28,400
Federal Reserve notes, net 1,223,183 40,692 480,201 38,150 53,091 93,732 152,776 74,907 32,302 13,712 27,912 79,951 135,758
Reverse repurchase agreements (14) 171,880 4,494 95,314 4,980 4,390 10,688 11,418 9,288 2,766 1,631 3,252 6,675 16,985
Deposits 2,763,593 39,618 2,012,577 71,804 24,695 119,203 47,573 66,002 11,704 8,282 20,285 48,273 293,576
Term deposits held by depository
institutions 15,183 10 9,550 0 0 515 1,095 1,355 15 52 141 1,200 1,250
Other deposits held by depository
institutions 2,613,996 39,606 1,868,798 71,773 24,692 118,565 46,470 64,640 11,689 8,230 20,142 47,072 292,319
U.S. Treasury, General Account 118,033 0 118,033 0 0 0 0 0 0 0 0 0 0
Foreign official 6,978 2 6,951 3 3 8 2 1 0 0 0 1 6
Other (15) 9,403 1 9,244 28 0 114 6 6 0 0 1 0 1
Deferred availability cash items 739 0 0 0 0 0 646 0 0 93 0 0 0
Interest on Federal Reserve notes due
to U.S. Treasury (16) 2,120 58 1,154 61 61 144 148 116 32 16 35 81 214
Other liabilities and accrued
dividends (17) 4,478 171 1,721 214 202 519 359 288 139 120 125 209 413
Total liabilities 4,165,994 85,034 2,590,966 115,210 82,438 224,285 212,921 150,601 46,943 23,853 51,608 135,189 446,945
Capital
Capital paid in 28,044 1,267 9,178 2,110 2,202 5,737 1,592 760 241 116 295 460 4,085
Surplus 28,044 1,267 9,178 2,110 2,202 5,737 1,592 760 241 116 295 460 4,085
Other capital 0 0 0 0 0 0 0 0 0 0 0 0 0
Total liabilities and capital 4,222,081 87,567 2,609,322 119,429 86,843 235,759 216,104 152,121 47,426 24,086 52,199 136,110 455,115
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.
9. Statement of Condition of Each Federal Reserve Bank, March 19, 2014 (continued)
1. Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.
2. Face value of the securities.
3. Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face value of such securities.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the remaining principal balance of the securities.
5. Reflects the premium or discount, which is the difference between the purchase price and the face value of the securities that has not been amortized. For U.S. Treasury and Federal agency debt
securities, amortization is on a straight-line basis. For mortgage-backed securities, amortization is on an effective-interest basis.
6. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.
7. Refer to table 4 and the note on consolidation below.
8. Refer to table 5 and the note on consolidation below.
9. Refer to table 6 and the note on consolidation below.
10. Refer to table 7 and the note on consolidation below.
11. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals
the market exchange rate used when the foreign currency was acquired from the foreign central bank.
12. Revalued daily at current foreign currency exchange rates.
13. Includes accrued interest, which represents the daily accumulation of interest earned, and other accounts receivable.
14. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.
15. Includes deposits held at the Reserve Banks by international and multilateral organizations, government-sponsored enterprises, and designated financial market utilities.
16. Represents the estimated weekly remittances to U.S. Treasury as interest on Federal Reserve notes or, in those cases where the Reserve Bank's net earnings are not sufficient to equate surplus to
capital paid-in, the deferred asset for interest on Federal Reserve notes. The amount of any deferred asset, which is presented as a negative amount in this line, represents the amount of the
Federal Reserve Bank's earnings that must be retained before remittances to the U.S. Treasury resume. The amounts on this line are calculated in accordance with Board of Governors policy, which requires
the Federal Reserve Banks to remit residual earnings to the U.S. Treasury as interest on Federal Reserve notes after providing for the costs of operations, payment of dividends, and the amount
necessary to equate surplus with capital paid-in.
17. Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to entities other than the Federal Reserve Bank of New York, including liabilities that have
recourse only to the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note on consolidation below.
Note on consolidation:
The Federal Reserve Bank of New York (FRBNY) has extended loans to several limited liability companies under the authority of section 13(3) of the Federal Reserve Act. On June 26, 2008, a
loan was extended to Maiden Lane LLC, which was formed to acquire certain assets of Bear Stearns. On November 25, 2008, a loan was extended to Maiden Lane III LLC, which was formed to purchase
multi-sector collateralized debt obligations on which the Financial Products group of the American International Group, Inc. has written credit default swap contracts. On December 12, 2008, a
loan was extended to Maiden Lane II LLC, which was formed to purchase residential mortgage-backed securities from the U.S. securities lending reinvestment portfolio of subsidiaries of American
International Group, Inc. On November 25, 2008, the Federal Reserve Board authorized the FRBNY to extend credit to TALF LLC, which was formed to purchase and manage any asset-backed securities
received by the FRBNY in connection with the decision of a borrower not to repay a loan extended under the Term Asset-Backed Securities Loan Facility.
The FRBNY is the primary beneficiary of TALF LLC, because of the two beneficiaries of the LLC, the FRBNY and the U.S. Treasury, the FRBNY is primarily responsible for directing the financial
activities of TALF LLC. The FRBNY is the primary beneficiary of the other LLCs cited above because it will receive a majority of any residual returns of the LLCs and absorb a majority of any
residual losses of the LLCs. Consistent with generally accepted accounting principles, the assets and liabilities of these LLCs have been consolidated with the assets and liabilities of the
FRBNY in the preparation of the statements of condition shown on this release. As a consequence of the consolidation, the extensions of credit from the FRBNY to the LLCs are eliminated, the net
assets of the LLCs appear as assets on the previous page (and in table 1 and table 8), and the liabilities of the LLCs to entities other than the FRBNY, including those with recourse only to
the portfolio holdings of the LLCs, are included in other liabilities in this table (and table 1 and table 8).
10. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts
Millions of dollars
Federal Reserve notes and collateral Wednesday
Mar 19, 2014
Federal Reserve notes outstanding 1,404,030
Less: Notes held by F.R. Banks not subject to collateralization 180,847
Federal Reserve notes to be collateralized 1,223,183
Collateral held against Federal Reserve notes 1,223,183
Gold certificate account 11,037
Special drawing rights certificate account 5,200
U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 1,206,946
Other assets pledged 0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 3,956,122
Less: Face value of securities under reverse repurchase agreements 167,082
U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,789,040
Note: Components may not sum to totals because of rounding.
1. Includes face value of U.S. Treasury, agency debt, and mortgage-backed securities held outright,
compensation to adjust for the effect of inflation on the original face value of inflation-indexed
securities, and cash value of repurchase agreements.
2. Includes securities lent to dealers under the overnight securities lending facility; refer to table
1A.
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