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Release Date: May 15, 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 May 15, 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 May 14, 2014
Federal Reserve Banks May 14, 2014 May 7, 2014 May 15, 2013
Reserve Bank credit 4,274,129 + 17,960 + 970,870 4,293,662
Securities held outright (1) 4,044,003 + 15,099 + 974,894 4,062,323
U.S. Treasury securities 2,357,345 + 5,281 + 496,761 2,361,328
Bills (2) 0 0 0 0
Notes and bonds, nominal (2) 2,246,556 + 4,476 + 479,865 2,250,372
Notes and bonds, inflation-indexed (2) 95,971 + 582 + 14,521 96,068
Inflation compensation (3) 14,819 + 224 + 2,377 14,888
Federal agency debt securities (2) 44,965 0 - 27,088 44,965
Mortgage-backed securities (4) 1,641,693 + 9,818 + 505,221 1,656,030
Unamortized premiums on securities held outright (5) 209,681 + 136 + 11,650 210,009
Unamortized discounts on securities held outright (5) -17,786 - 32 - 16,119 -17,864
Repurchase agreements (6) 0 0 0 0
Loans 130 + 1 - 292 129
Primary credit 6 - 6 0 3
Secondary credit 0 0 0 0
Seasonal credit 43 + 7 + 5 45
Term Asset-Backed Securities Loan Facility (7) 81 0 - 296 81
Other credit extensions 0 0 0 0
Net portfolio holdings of Maiden Lane LLC (8) 1,655 + 1 + 225 1,656
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) 91 - 1 - 297 91
Float -597 + 64 + 125 -665
Central bank liquidity swaps (12) 300 0 - 6,976 300
Other Federal Reserve assets (13) 36,567 + 2,692 + 7,660 37,600
Foreign currency denominated assets (14) 24,127 - 111 + 926 24,087
Gold stock 11,041 0 0 11,041
Special drawing rights certificate account 5,200 0 0 5,200
Treasury currency outstanding (15) 45,817 + 14 + 766 45,817
Total factors supplying reserve funds 4,360,314 + 17,862 + 972,562 4,379,807
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 May 14, 2014
Federal Reserve Banks May 14, 2014 May 7, 2014 May 15, 2013
Currency in circulation (15) 1,274,690 + 1,558 + 90,049 1,275,757
Reverse repurchase agreements (16) 297,550 - 3,895 + 205,974 293,672
Foreign official and international accounts 107,781 - 4,532 + 16,205 110,485
Others 189,769 + 636 + 189,769 183,187
Treasury cash holdings 217 - 11 + 46 205
Deposits with F.R. Banks, other than reserve balances 91,918 - 13,940 - 36,044 99,015
Term deposits held by depository institutions 0 0 0 0
U.S. Treasury, General Account 71,250 - 20,147 - 18,749 62,954
Foreign official 7,779 - 4 - 2,626 7,777
Other (17) 12,889 + 6,211 - 14,668 28,284
Other liabilities and capital (18) 65,103 + 935 - 1,293 63,526
Total factors, other than reserve balances,
absorbing reserve funds 1,729,478 - 15,353 + 258,733 1,732,174
Reserve balances with Federal Reserve Banks 2,630,836 + 33,215 + 713,829 2,647,633
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 May 14, 2014
May 14, 2014 May 7, 2014 May 15, 2013
Securities held in custody for foreign official and
international accounts 3,284,250 - 390 - 14,769 3,268,916
Marketable U.S. Treasury securities (1) 2,949,600 + 353 + 1,535 2,934,717
Federal agency debt and mortgage-backed securities (2) 292,558 - 680 - 19,718 291,962
Other securities (3) 42,093 - 62 + 3,415 42,238
Securities lent to dealers 11,595 + 484 - 9,053 10,795
Overnight facility (4) 11,595 + 484 - 9,053 10,795
U.S. Treasury securities 10,592 + 432 - 9,156 9,882
Federal agency debt securities 1,003 + 52 + 104 913
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, May 14, 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) 6 58 65 0 0 ... 129
U.S. Treasury securities (2)
Holdings 0 77 553 910,075 820,137 630,485 2,361,328
Weekly changes 0 0 0 + 33,934 - 29,422 + 1,900 + 6,412
Federal agency debt securities (3)
Holdings 883 1,955 6,232 33,548 0 2,347 44,965
Weekly changes 0 0 0 0 0 0 0
Mortgage-backed securities (4)
Holdings 0 0 0 8 3,745 1,652,277 1,656,030
Weekly changes 0 0 0 + 1 + 8 + 24,146 + 24,155
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) 126 174 0 0 0 0 300
Reverse repurchase agreements (6) 293,672 0 ... ... ... ... 293,672
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
May 14, 2014
Mortgage-backed securities held outright (1) 1,656,030
Commitments to buy mortgage-backed securities (2) 43,352
Commitments to sell mortgage-backed securities (2) 0
Cash and cash equivalents (3) 3
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
May 14, 2014
Net portfolio holdings of Maiden Lane LLC (1) 1,656
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 March 31, 2014. Any assets purchased after this
valuation date are initially recorded at cost until their estimated fair value as of the purchase date
becomes available.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's
statement of condition consistent with consolidation under generally accepted accounting principles. Refer
to the note on consolidation accompanying table 9.
3. Book value. The fair value of these obligations is included in other liabilities and capital in
table 1 and in other liabilities and accrued dividends in table 8 and table 9.
Note: On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended credit to Maiden Lane LLC
under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to
acquire certain assets of Bear Stearns and to manage those assets through time to maximize repayment of the credit
extended and to minimize disruption to financial markets. Payments by Maiden Lane LLC from the proceeds of
the net portfolio holdings will be made in the following order: operating expenses of the LLC, principal due to
the FRBNY, interest due to the FRBNY, principal due to JPMorgan Chase & Co., and interest due to JPMorgan
Chase & Co. Any remaining funds will be paid to the FRBNY.
5. Information on Principal Accounts of Maiden Lane II LLC
Millions of dollars
Account name Wednesday
May 14, 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 March 31, 2014. Any assets purchased after this
valuation date are initially recorded at cost until their estimated fair value as of the purchase date
becomes available.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's
statement of condition consistent with consolidation under generally accepted accounting principles. Refer
to the note on consolidation accompanying table 9.
3. Book value. The deferred payment represents the portion of the proceeds of the net portfolio
holdings due to subsidiaries of American International Group, Inc. in accordance with the asset purchase
agreement. The fair value of this payment and accrued interest payable are included in other
liabilities and capital in table 1 and in other liabilities and accrued dividends in table 8 and table 9.
Note: On December 12, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden
Lane II LLC under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was
formed to purchase residential mortgage-backed securities from the U.S. securities lending reinvestment
portfolio of subsidiaries of American International Group, Inc. (AIG subsidiaries). Payments by Maiden Lane II LLC
from the proceeds of the net portfolio holdings will be made in the following order: operating expenses of
Maiden Lane II LLC, principal due to the FRBNY, interest due to the FRBNY, and deferred payment and interest due
to AIG subsidiaries. Any remaining funds will be shared by the FRBNY and AIG subsidiaries.
6. Information on Principal Accounts of Maiden Lane III LLC
Millions of dollars
Account name Wednesday
May 14, 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 March 31, 2014. Any assets purchased after this
valuation date are initially recorded at cost until their estimated fair value as of the purchase date
becomes available.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's
statement of condition consistent with consolidation under generally accepted accounting principles. Refer
to the note on consolidation accompanying table 9.
3. Book value. The fair value of these obligations is included in other liabilities and capital in
table 1 and in other liabilities and accrued dividends in table 8 and table 9.
Note: On November 25, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden
Lane III LLC under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was
formed to purchase multi-sector collateralized debt obligations (CDOs) on which the Financial Products group
of American International Group, Inc. (AIG) has written credit default swap (CDS) contracts. In connection
with the purchase of CDOs, the CDS counterparties will concurrently unwind the related CDS transactions. Payments
by Maiden Lane III LLC from the proceeds of the net portfolio holdings will be made in the following order:
operating expenses of Maiden Lane III LLC, principal due to the FRBNY, interest due to the FRBNY, principal due
to AIG, and interest due to AIG. Any remaining funds will be shared by the FRBNY and AIG.
7. Information on Principal Accounts of TALF LLC
Millions of dollars
Account name Wednesday
May 14, 2014
Asset-backed securities holdings (1) 0
Other investments, net 91
Net portfolio holdings of TALF LLC 91
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 May 14, 2014 Wednesday Wednesday
consolidation May 7, 2014 May 15, 2013
Assets
Gold certificate account 11,037 0 0
Special drawing rights certificate account 5,200 0 0
Coin 1,916 + 15 - 105
Securities, unamortized premiums and discounts,
repurchase agreements, and loans 4,254,596 + 30,975 + 969,733
Securities held outright (1) 4,062,323 + 30,567 + 975,267
U.S. Treasury securities 2,361,328 + 6,412 + 496,820
Bills (2) 0 0 0
Notes and bonds, nominal (2) 2,250,372 + 5,499 + 480,023
Notes and bonds, inflation-indexed (2) 96,068 + 679 + 14,422
Inflation compensation (3) 14,888 + 234 + 2,375
Federal agency debt securities (2) 44,965 0 - 27,088
Mortgage-backed securities (4) 1,656,030 + 24,155 + 505,536
Unamortized premiums on securities held outright
(5) 210,009 + 517 + 10,956
Unamortized discounts on securities held outright
(5) -17,864 - 79 - 16,192
Repurchase agreements (6) 0 0 0
Loans 129 - 29 - 297
Net portfolio holdings of Maiden Lane LLC (7) 1,656 + 2 + 227
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) 91 0 - 297
Items in process of collection (0) 81 + 6 - 416
Bank premises 2,267 + 1 - 30
Central bank liquidity swaps (11) 300 0 - 6,976
Foreign currency denominated assets (12) 24,087 - 218 + 1,084
Other assets (13) 35,332 + 2,725 + 19,159
Total assets (0) 4,336,649 + 33,506 + 982,380
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 May 14, 2014 Wednesday Wednesday
consolidation May 7, 2014 May 15, 2013
Liabilities
Federal Reserve notes, net of F.R. Bank holdings 1,232,057 + 697 + 88,735
Reverse repurchase agreements (14) 293,672 - 6,523 + 204,287
Deposits (0) 2,746,648 + 39,361 + 690,276
Term deposits held by depository institutions 0 0 0
Other deposits held by depository institutions 2,647,633 + 50,584 + 695,336
U.S. Treasury, General Account 62,954 - 34,044 - 6,535
Foreign official 7,777 0 - 3,091
Other (15) (0) 28,284 + 22,821 + 4,567
Deferred availability cash items (0) 747 - 28 - 498
Other liabilities and accrued dividends (16) 7,220 - 89 - 1,533
Total liabilities (0) 4,280,343 + 33,418 + 981,267
Capital accounts
Capital paid in 28,153 + 44 + 557
Surplus 28,153 + 44 + 557
Other capital accounts 0 0 0
Total capital 56,305 + 88 + 1,112
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, May 14, 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 1,916 30 86 121 126 322 231 281 22 47 150 172 328
Securities, unamortized premiums and
discounts, repurchase agreements,
and loans 4,254,596 86,060 2,611,318 101,925 92,890 237,785 235,188 173,900 52,479 26,091 56,049 129,635 451,277
Securities held outright (1) 4,062,323 82,174 2,493,306 97,321 88,695 227,046 224,563 166,033 50,106 24,895 53,510 123,780 430,895
U.S. Treasury securities 2,361,328 47,766 1,449,297 56,570 51,556 131,976 130,533 96,511 29,125 14,471 31,104 71,950 250,469
Bills (2) 0 0 0 0 0 0 0 0 0 0 0 0 0
Notes and bonds (3) 2,361,328 47,766 1,449,297 56,570 51,556 131,976 130,533 96,511 29,125 14,471 31,104 71,950 250,469
Federal agency debt securities (2) 44,965 910 27,598 1,077 982 2,513 2,486 1,838 555 276 592 1,370 4,769
Mortgage-backed securities (4) 1,656,030 33,499 1,016,411 39,673 36,157 92,557 91,544 67,684 20,426 10,149 21,814 50,460 175,657
Unamortized premiums on securities held
outright (5) 210,009 4,248 128,896 5,031 4,585 11,738 11,609 8,583 2,590 1,287 2,766 6,399 22,276
Unamortized discounts on securities
held outright (5) -17,864 -361 -10,965 -428 -390 -998 -988 -730 -220 -109 -235 -544 -1,895
Repurchase agreements (6) 0 0 0 0 0 0 0 0 0 0 0 0 0
Loans 129 0 81 1 0 0 3 14 4 18 8 0 1
Net portfolio holdings of Maiden
Lane LLC (7) 1,656 0 1,656 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) 91 0 91 0 0 0 0 0 0 0 0 0 0
Items in process of collection 81 0 0 0 0 0 81 0 0 1 0 0 0
Bank premises 2,267 122 429 73 109 225 210 199 125 98 245 230 202
Central bank liquidity swaps (11) 300 14 96 23 24 63 17 8 3 1 3 5 43
Foreign currency denominated assets (12) 24,087 1,095 7,748 1,811 1,915 5,022 1,385 665 202 102 253 403 3,485
Other assets (13) 35,332 748 21,252 979 770 2,153 1,955 1,438 476 279 484 1,125 3,675
Interdistrict settlement account 0 + 11,888 + 16,684 + 2,922 - 5,069 - 6,525 + 11,337 - 26,147 - 9,734 - 3,058 - 4,996 + 196 + 12,503
Total assets 4,336,649 100,506 2,665,388 108,401 91,465 240,280 252,407 151,475 44,001 23,823 52,632 132,927 473,344
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, May 14, 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 1,459,790 45,265 515,321 43,727 63,354 104,750 212,323 92,735 36,633 21,495 38,053 117,092 169,045
Less: Notes held by F.R. Banks 227,733 4,752 76,142 6,012 9,244 11,294 22,762 15,176 4,865 5,956 6,344 33,606 31,580
Federal Reserve notes, net 1,232,057 40,513 439,179 37,715 54,110 93,456 189,561 77,558 31,767 15,539 31,709 83,485 137,464
Reverse repurchase agreements (14) 293,672 5,940 180,245 7,035 6,412 16,414 16,234 12,003 3,622 1,800 3,868 8,948 31,150
Deposits 2,746,648 51,305 2,023,949 59,153 26,253 118,229 42,321 60,022 7,949 5,984 16,318 39,298 295,868
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 2,647,633 51,302 1,925,172 59,123 26,249 118,054 42,312 60,015 7,948 5,984 16,316 39,296 295,861
U.S. Treasury, General Account 62,954 0 62,954 0 0 0 0 0 0 0 0 0 0
Foreign official 7,777 2 7,750 3 3 8 2 1 0 0 0 1 6
Other (15) 28,284 1 28,073 27 0 167 7 6 0 0 1 1 1
Deferred availability cash items 747 0 0 0 0 0 605 0 0 141 0 0 0
Interest on Federal Reserve notes due
to U.S. Treasury (16) 2,042 34 1,339 21 30 76 111 92 27 12 27 66 206
Other liabilities and accrued
dividends (17) 5,179 178 2,296 227 222 575 358 272 139 114 126 202 469
Total liabilities 4,280,343 97,971 2,647,009 104,152 87,026 228,749 249,190 149,948 43,504 23,591 52,047 132,000 465,158
Capital
Capital paid in 28,153 1,268 9,190 2,125 2,219 5,765 1,609 764 249 116 293 464 4,093
Surplus 28,153 1,268 9,190 2,125 2,219 5,765 1,609 764 249 116 293 464 4,093
Other capital 0 0 0 0 0 0 0 0 0 0 0 0 0
Total liabilities and capital 4,336,649 100,506 2,665,388 108,401 91,465 240,280 252,407 151,475 44,001 23,823 52,632 132,927 473,344
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, May 14, 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
May 14, 2014
Federal Reserve notes outstanding 1,459,790
Less: Notes held by F.R. Banks not subject to collateralization 227,733
Federal Reserve notes to be collateralized 1,232,057
Collateral held against Federal Reserve notes 1,232,057
Gold certificate account 11,037
Special drawing rights certificate account 5,200
U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 1,215,820
Other assets pledged 0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 4,062,323
Less: Face value of securities under reverse repurchase agreements 297,722
U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,764,601
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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