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Release Date: April 10, 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 April 10, 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 Apr 9, 2014
Federal Reserve Banks Apr 9, 2014 Apr 2, 2014 Apr 10, 2013
Reserve Bank credit 4,198,424 + 6,904 +1,017,842 4,201,125
Securities held outright (1) 3,974,803 + 5,871 +1,019,872 3,976,536
U.S. Treasury securities 2,324,352 + 5,870 + 512,788 2,326,085
Bills (2) 0 0 0 0
Notes and bonds, nominal (2) 2,215,604 + 5,641 + 494,511 2,216,485
Notes and bonds, inflation-indexed (2) 94,683 + 118 + 15,405 95,389
Inflation compensation (3) 14,065 + 112 + 2,873 14,211
Federal agency debt securities (2) 47,343 0 - 24,974 47,343
Mortgage-backed securities (4) 1,603,108 0 + 532,058 1,603,108
Unamortized premiums on securities held outright (5) 209,463 - 274 + 17,473 209,489
Unamortized discounts on securities held outright (5) -17,288 - 266 - 15,632 -17,344
Repurchase agreements (6) 0 0 0 0
Loans 100 - 2 - 300 99
Primary credit 3 - 5 - 7 1
Secondary credit 0 0 0 0
Seasonal credit 15 + 4 + 7 16
Term Asset-Backed Securities Loan Facility (7) 82 0 - 300 82
Other credit extensions 0 0 0 0
Net portfolio holdings of Maiden Lane LLC (8) 1,584 0 + 182 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) 94 - 11 - 298 92
Float -653 - 61 + 244 -622
Central bank liquidity swaps (12) 407 0 - 8,344 407
Other Federal Reserve assets (13) 29,830 + 1,649 + 4,648 30,797
Foreign currency denominated assets (14) 23,991 - 36 + 391 24,176
Gold stock 11,041 0 0 11,041
Special drawing rights certificate account 5,200 0 0 5,200
Treasury currency outstanding (15) 45,734 + 14 + 746 45,734
Total factors supplying reserve funds 4,284,390 + 6,882 +1,018,980 4,287,277
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 Apr 9, 2014
Federal Reserve Banks Apr 9, 2014 Apr 2, 2014 Apr 10, 2013
Currency in circulation (15) 1,270,587 + 1,892 + 91,966 1,271,346
Reverse repurchase agreements (16) 188,889 - 44,737 + 94,715 182,253
Foreign official and international accounts 94,559 - 2,146 + 1,288 93,230
Others 94,330 - 42,591 + 93,427 89,023
Treasury cash holdings 264 - 14 + 48 230
Deposits with F.R. Banks, other than reserve balances 77,034 - 53,549 - 5,017 72,256
Term deposits held by depository institutions 0 - 14,251 - 3,045 0
U.S. Treasury, General Account 62,436 - 33,727 + 3,669 54,528
Foreign official 6,977 - 7 - 2,269 6,977
Other (17) 7,621 - 5,564 - 3,373 10,751
Other liabilities and capital (18) 63,275 + 321 - 3,349 63,303
Total factors, other than reserve balances,
absorbing reserve funds 1,600,049 - 96,087 + 178,363 1,589,388
Reserve balances with Federal Reserve Banks 2,684,341 + 102,968 + 840,617 2,697,888
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 Apr 9, 2014
Apr 9, 2014 Apr 2, 2014 Apr 10, 2013
Securities held in custody for foreign official and
international accounts 3,316,067 + 22,035 + 20,264 3,312,647
Marketable U.S. Treasury securities (1) 2,974,858 + 23,647 + 18,251 2,972,205
Federal agency debt and mortgage-backed securities (2) 298,038 - 1,180 - 3,244 297,786
Other securities (3) 43,171 - 431 + 5,257 42,656
Securities lent to dealers 12,191 - 2,097 - 6,687 10,894
Overnight facility (4) 12,191 - 2,097 - 6,687 10,894
U.S. Treasury securities 10,963 - 1,994 - 6,935 9,565
Federal agency debt securities 1,228 - 102 + 249 1,329
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, April 9, 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) 1 16 82 0 0 ... 99
U.S. Treasury securities (2)
Holdings 0 39 142 849,917 855,478 620,510 2,326,085
Weekly changes 0 0 0 + 13 + 2,299 + 3,121 + 5,432
Federal agency debt securities (3)
Holdings 2,378 1,306 6,782 34,530 0 2,347 47,343
Weekly changes + 1,629 - 1,629 0 0 0 0 0
Mortgage-backed securities (4)
Holdings 0 0 0 6 3,433 1,599,668 1,603,108
Weekly changes 0 0 0 0 + 532 - 533 0
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) 231 176 0 0 0 0 407
Reverse repurchase agreements (6) 182,253 0 ... ... ... ... 182,253
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
Apr 9, 2014
Mortgage-backed securities held outright (1) 1,603,108
Commitments to buy mortgage-backed securities (2) 67,564
Commitments to sell mortgage-backed securities (2) 2,450
Cash and cash equivalents (3) 4
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
Apr 9, 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
Apr 9, 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
Apr 9, 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
Apr 9, 2014
Asset-backed securities holdings (1) 0
Other investments, net 92
Net portfolio holdings of TALF LLC 92
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 Apr 9, 2014 Wednesday Wednesday
consolidation Apr 2, 2014 Apr 10, 2013
Assets
Gold certificate account 11,037 0 0
Special drawing rights certificate account 5,200 0 0
Coin 1,929 - 10 - 152
Securities, unamortized premiums and discounts,
repurchase agreements, and loans 4,168,780 + 5,088 +1,019,534
Securities held outright (1) 3,976,536 + 5,432 +1,018,917
U.S. Treasury securities 2,326,085 + 5,432 + 511,603
Bills (2) 0 0 0
Notes and bonds, nominal (2) 2,216,485 + 4,385 + 493,821
Notes and bonds, inflation-indexed (2) 95,389 + 824 + 15,111
Inflation compensation (3) 14,211 + 224 + 2,670
Federal agency debt securities (2) 47,343 0 - 24,710
Mortgage-backed securities (4) 1,603,108 0 + 532,024
Unamortized premiums on securities held outright
(5) 209,489 - 159 + 16,650
Unamortized discounts on securities held outright
(5) -17,344 - 187 - 15,693
Repurchase agreements (6) 0 0 0
Loans 99 + 2 - 340
Net portfolio holdings of Maiden Lane LLC (7) 1,585 + 1 + 182
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) 92 - 13 - 300
Items in process of collection (0) 98 - 27 - 10
Bank premises 2,269 0 - 28
Central bank liquidity swaps (11) 407 0 - 8,344
Foreign currency denominated assets (12) 24,176 + 163 + 705
Other assets (13) 28,528 + 2,543 + 4,839
Total assets (0) 4,244,188 + 7,747 +1,016,426
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 Apr 9, 2014 Wednesday Wednesday
consolidation Apr 2, 2014 Apr 10, 2013
Liabilities
Federal Reserve notes, net of F.R. Bank holdings 1,227,767 + 817 + 90,680
Reverse repurchase agreements (14) 182,253 - 14,947 + 87,973
Deposits (0) 2,770,145 + 20,695 + 840,701
Term deposits held by depository institutions 0 - 14,251 - 3,045
Other deposits held by depository institutions 2,697,888 + 86,120 + 846,527
U.S. Treasury, General Account 54,528 - 52,671 + 2,041
Foreign official 6,977 - 3 - 2,403
Other (15) (0) 10,751 + 1,499 - 2,420
Deferred availability cash items (0) 720 - 114 - 105
Other liabilities and accrued dividends (16) 7,181 + 1,274 - 3,807
Total liabilities (0) 4,188,066 + 7,725 +1,015,443
Capital accounts
Capital paid in 28,061 + 11 + 491
Surplus 28,061 + 11 + 491
Other capital accounts 0 0 0
Total capital 56,122 + 22 + 983
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, April 9, 2014
Millions of dollars
Assets, liabilities, and capital Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas Dallas San
City Francisco
Assets
Gold certificate account 11,037 352 4,125 338 464 824 1,349 706 278 173 291 880 1,257
Special drawing rights certificate acct. 5,200 196 1,818 210 237 412 654 424 150 90 153 282 574
Coin 1,929 35 92 124 124 331 224 278 22 48 152 175 324
Securities, unamortized premiums and
discounts, repurchase agreements,
and loans 4,168,780 84,325 2,558,666 99,869 91,017 232,990 230,442 170,384 51,420 25,556 54,913 127,021 442,176
Securities held outright (1) 3,976,536 80,438 2,440,653 95,266 86,822 222,251 219,821 162,527 49,048 24,370 52,380 121,166 421,795
U.S. Treasury securities 2,326,085 47,053 1,427,666 55,726 50,787 130,006 128,585 95,070 28,691 14,255 30,640 70,876 246,730
Bills (2) 0 0 0 0 0 0 0 0 0 0 0 0 0
Notes and bonds (3) 2,326,085 47,053 1,427,666 55,726 50,787 130,006 128,585 95,070 28,691 14,255 30,640 70,876 246,730
Federal agency debt securities (2) 47,343 958 29,057 1,134 1,034 2,646 2,617 1,935 584 290 624 1,443 5,022
Mortgage-backed securities (4) 1,603,108 32,428 983,929 38,406 35,001 89,599 88,619 65,521 19,773 9,824 21,117 48,847 170,043
Unamortized premiums on securities held
outright (5) 209,489 4,238 128,577 5,019 4,574 11,708 11,580 8,562 2,584 1,284 2,759 6,383 22,221
Unamortized discounts on securities
held outright (5) -17,344 -351 -10,645 -416 -379 -969 -959 -709 -214 -106 -228 -528 -1,840
Repurchase agreements (6) 0 0 0 0 0 0 0 0 0 0 0 0 0
Loans 99 0 82 0 0 0 0 4 2 9 2 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) 92 0 92 0 0 0 0 0 0 0 0 0 0
Items in process of collection 98 0 0 0 0 0 97 1 0 0 0 0 0
Bank premises 2,269 122 427 72 110 226 210 200 125 99 245 230 202
Central bank liquidity swaps (11) 407 19 131 31 32 85 23 11 3 2 4 7 59
Foreign currency denominated assets (12) 24,176 1,099 7,777 1,818 1,922 5,041 1,390 667 203 102 254 404 3,498
Other assets (13) 28,528 620 17,135 688 629 1,759 1,588 1,167 417 249 400 908 2,969
Interdistrict settlement account 0 + 4,784 - 28,488 + 11,931 - 1,851 + 8,309 + 5,383 - 15,990 - 5,879 - 1,477 - 2,770 + 5,527 + 20,519
Total assets 4,244,188 91,553 2,563,447 115,081 92,684 249,977 241,361 157,848 46,739 24,842 53,643 135,435 471,579
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, April 9, 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 1,438,782 44,914 521,250 43,373 60,743 103,708 197,801 89,113 36,903 21,096 37,289 118,084 164,508
Less: Notes held by F.R. Banks 211,015 4,577 64,157 4,883 7,769 10,839 20,988 13,102 4,831 6,593 8,330 35,790 29,157
Federal Reserve notes, net 1,227,767 40,336 457,093 38,491 52,974 92,870 176,813 76,011 32,072 14,503 28,958 82,294 135,352
Reverse repurchase agreements (14) 182,253 3,687 111,860 4,366 3,979 10,186 10,075 7,449 2,248 1,117 2,401 5,553 19,332
Deposits 2,770,145 44,785 1,972,437 67,742 31,061 134,787 50,179 72,508 11,764 8,788 21,553 46,410 308,132
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 2,697,888 44,782 1,900,474 67,711 31,057 134,560 50,170 72,501 11,764 8,788 21,547 46,409 308,125
U.S. Treasury, General Account 54,528 0 54,528 0 0 0 0 0 0 0 0 0 0
Foreign official 6,977 2 6,950 3 3 8 2 1 0 0 0 1 6
Other (15) 10,751 1 10,485 27 0 218 6 6 0 0 5 1 1
Deferred availability cash items 720 0 0 0 0 0 648 0 0 72 0 0 0
Interest on Federal Reserve notes due
to U.S. Treasury (16) 2,337 66 1,308 72 67 168 138 112 33 18 37 79 239
Other liabilities and accrued
dividends (17) 4,845 144 2,393 191 192 492 314 238 128 112 108 175 359
Total liabilities 4,188,066 89,018 2,545,091 110,862 88,273 238,503 238,166 156,318 46,245 24,610 53,057 134,511 463,413
Capital
Capital paid in 28,061 1,268 9,178 2,110 2,206 5,737 1,597 765 247 116 293 462 4,083
Surplus 28,061 1,268 9,178 2,110 2,206 5,737 1,597 765 247 116 293 462 4,083
Other capital 0 0 0 0 0 0 0 0 0 0 0 0 0
Total liabilities and capital 4,244,188 91,553 2,563,447 115,081 92,684 249,977 241,361 157,848 46,739 24,842 53,643 135,435 471,579
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, April 9, 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
Apr 9, 2014
Federal Reserve notes outstanding 1,438,782
Less: Notes held by F.R. Banks not subject to collateralization 211,015
Federal Reserve notes to be collateralized 1,227,767
Collateral held against Federal Reserve notes 1,227,767
Gold certificate account 11,037
Special drawing rights certificate account 5,200
U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 1,211,530
Other assets pledged 0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 3,976,536
Less: Face value of securities under reverse repurchase agreements 179,414
U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,797,122
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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