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Release Date: May 22, 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 22, 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 21, 2014
Federal Reserve Banks May 21, 2014 May 14, 2014 May 22, 2013
Reserve Bank credit 4,276,870 + 2,741 + 940,211 4,284,725
Securities held outright (1) 4,059,685 + 15,682 + 950,168 4,067,133
U.S. Treasury securities 2,363,184 + 5,839 + 493,255 2,367,236
Bills (2) 0 0 0 0
Notes and bonds, nominal (2) 2,252,125 + 5,569 + 476,390 2,256,119
Notes and bonds, inflation-indexed (2) 96,068 + 97 + 14,422 96,068
Inflation compensation (3) 14,990 + 171 + 2,442 15,049
Federal agency debt securities (2) 44,082 - 883 - 27,971 44,082
Mortgage-backed securities (4) 1,652,419 + 10,726 + 484,884 1,655,815
Unamortized premiums on securities held outright (5) 209,904 + 223 + 9,672 209,935
Unamortized discounts on securities held outright (5) -17,861 - 75 - 16,185 -17,893
Repurchase agreements (6) 0 0 0 0
Loans 138 + 8 - 300 147
Primary credit 14 + 8 - 9 21
Secondary credit 0 0 0 0
Seasonal credit 44 + 1 - 2 47
Term Asset-Backed Securities Loan Facility (7) 81 0 - 288 79
Other credit extensions 0 0 0 0
Net portfolio holdings of Maiden Lane LLC (8) 1,656 + 1 + 227 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 0 - 297 91
Float -611 - 14 + 108 -565
Central bank liquidity swaps (12) 300 0 - 6,977 300
Other Federal Reserve assets (13) 23,483 - 13,084 + 3,796 23,835
Foreign currency denominated assets (14) 24,101 - 26 + 1,130 24,050
Gold stock 11,041 0 0 11,041
Special drawing rights certificate account 5,200 0 0 5,200
Treasury currency outstanding (15) 45,831 + 14 + 769 45,831
Total factors supplying reserve funds 4,363,044 + 2,730 + 942,112 4,370,848
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 21, 2014
Federal Reserve Banks May 21, 2014 May 14, 2014 May 22, 2013
Currency in circulation (15) 1,275,416 + 726 + 89,617 1,277,326
Reverse repurchase agreements (16) 311,856 + 14,306 + 221,686 324,701
Foreign official and international accounts 106,393 - 1,388 + 16,223 103,979
Others 205,463 + 15,694 + 205,463 220,722
Treasury cash holdings 205 - 12 + 45 206
Deposits with F.R. Banks, other than reserve balances 53,533 - 38,385 - 64,519 47,104
Term deposits held by depository institutions 0 0 0 0
U.S. Treasury, General Account 37,745 - 33,505 + 4,512 31,128
Foreign official 7,795 + 16 - 3,154 7,777
Other (17) 7,992 - 4,897 - 65,878 8,198
Other liabilities and capital (18) 64,305 - 798 - 756 63,379
Total factors, other than reserve balances,
absorbing reserve funds 1,705,315 - 24,163 + 246,072 1,712,715
Reserve balances with Federal Reserve Banks 2,657,729 + 26,893 + 696,039 2,658,133
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 21, 2014
May 21, 2014 May 14, 2014 May 22, 2013
Securities held in custody for foreign official and
international accounts 3,272,223 - 12,027 - 39,483 3,268,845
Marketable U.S. Treasury securities (1) 2,937,410 - 12,190 - 25,942 2,933,287
Federal agency debt and mortgage-backed securities (2) 292,451 - 107 - 17,457 293,830
Other securities (3) 42,362 + 269 + 3,916 41,727
Securities lent to dealers 9,818 - 1,777 - 10,595 10,537
Overnight facility (4) 9,818 - 1,777 - 10,595 10,537
U.S. Treasury securities 8,872 - 1,720 - 10,547 9,668
Federal agency debt securities 946 - 57 - 49 869
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 21, 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) 65 18 64 0 0 ... 147
U.S. Treasury securities (2)
Holdings 37 42 1,999 908,649 824,474 632,035 2,367,236
Weekly changes + 37 - 35 + 1,446 - 1,426 + 4,337 + 1,550 + 5,908
Federal agency debt securities (3)
Holdings 0 2,520 5,667 33,548 0 2,347 44,082
Weekly changes - 883 + 565 - 565 0 0 0 - 883
Mortgage-backed securities (4)
Holdings 0 0 0 8 3,724 1,652,083 1,655,815
Weekly changes 0 0 0 0 - 21 - 194 - 215
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) 324,701 0 ... ... ... ... 324,701
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 21, 2014
Mortgage-backed securities held outright (1) 1,655,815
Commitments to buy mortgage-backed securities (2) 45,587
Commitments to sell mortgage-backed securities (2) 0
Cash and cash equivalents (3) 0
1. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the
remaining principal balance of the securities.
2. Current face value. Generally settle within 180 days and include commitments associated with
outright transactions, dollar rolls, and coupon swaps.
3. This amount is included in other Federal Reserve assets in table 1 and in other assets in table 8
and table 9.
4. Information on Principal Accounts of Maiden Lane LLC
Millions of dollars
Account name Wednesday
May 21, 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 21, 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 21, 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 21, 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 21, 2014 Wednesday Wednesday
consolidation May 14, 2014 May 22, 2013
Assets
Gold certificate account 11,037 0 0
Special drawing rights certificate account 5,200 0 0
Coin 1,894 - 22 - 107
Securities, unamortized premiums and discounts,
repurchase agreements, and loans 4,259,323 + 4,727 + 931,536
Securities held outright (1) 4,067,133 + 4,810 + 939,141
U.S. Treasury securities 2,367,236 + 5,908 + 490,082
Bills (2) 0 0 0
Notes and bonds, nominal (2) 2,256,119 + 5,747 + 473,180
Notes and bonds, inflation-indexed (2) 96,068 0 + 14,422
Inflation compensation (3) 15,049 + 161 + 2,480
Federal agency debt securities (2) 44,082 - 883 - 27,971
Mortgage-backed securities (4) 1,655,815 - 215 + 477,030
Unamortized premiums on securities held outright
(5) 209,935 - 74 + 8,835
Unamortized discounts on securities held outright
(5) -17,893 - 29 - 16,199
Repurchase agreements (6) 0 0 0
Loans 147 + 18 - 242
Net portfolio holdings of Maiden Lane LLC (7) 1,656 0 + 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) 89 + 8 - 346
Bank premises 2,269 + 2 - 33
Central bank liquidity swaps (11) 300 0 - 6,977
Foreign currency denominated assets (12) 24,050 - 37 + 1,133
Other assets (13) 21,566 - 13,766 + 3,712
Total assets (0) 4,327,560 - 9,089 + 928,847
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 21, 2014 Wednesday Wednesday
consolidation May 14, 2014 May 22, 2013
Liabilities
Federal Reserve notes, net of F.R. Bank holdings 1,233,591 + 1,534 + 88,335
Reverse repurchase agreements (14) 324,701 + 31,029 + 238,008
Deposits (0) 2,705,237 - 41,411 + 604,001
Term deposits held by depository institutions 0 0 0
Other deposits held by depository institutions 2,658,133 + 10,500 + 682,955
U.S. Treasury, General Account 31,128 - 31,826 + 5,922
Foreign official 7,777 0 - 3,182
Other (15) (0) 8,198 - 20,086 - 81,695
Deferred availability cash items (0) 653 - 94 - 514
Other liabilities and accrued dividends (16) 7,036 - 184 - 2,121
Total liabilities (0) 4,271,217 - 9,126 + 927,707
Capital accounts
Capital paid in 28,172 + 19 + 570
Surplus 28,172 + 19 + 570
Other capital accounts 0 0 0
Total capital 56,343 + 38 + 1,140
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 21, 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 1,894 32 86 121 122 319 221 278 23 45 150 172 325
Securities, unamortized premiums and
discounts, repurchase agreements,
and loans 4,259,323 86,157 2,614,208 102,037 92,998 238,049 235,448 174,092 52,543 26,122 56,109 129,781 451,778
Securities held outright (1) 4,067,133 82,271 2,496,258 97,436 88,800 227,315 224,829 166,229 50,165 24,925 53,574 123,927 431,405
U.S. Treasury securities 2,367,236 47,885 1,452,923 56,712 51,685 132,306 130,859 96,752 29,198 14,507 31,182 72,130 251,095
Bills (2) 0 0 0 0 0 0 0 0 0 0 0 0 0
Notes and bonds (3) 2,367,236 47,885 1,452,923 56,712 51,685 132,306 130,859 96,752 29,198 14,507 31,182 72,130 251,095
Federal agency debt securities (2) 44,082 892 27,056 1,056 962 2,464 2,437 1,802 544 270 581 1,343 4,676
Mortgage-backed securities (4) 1,655,815 33,494 1,016,279 39,668 36,152 92,545 91,532 67,675 20,423 10,147 21,811 50,453 175,634
Unamortized premiums on securities held
outright (5) 209,935 4,247 128,850 5,029 4,584 11,733 11,605 8,580 2,589 1,287 2,765 6,397 22,268
Unamortized discounts on securities
held outright (5) -17,893 -362 -10,982 -429 -391 -1,000 -989 -731 -221 -110 -236 -545 -1,898
Repurchase agreements (6) 0 0 0 0 0 0 0 0 0 0 0 0 0
Loans 147 2 82 0 6 1 3 13 10 20 6 3 3
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 89 0 0 0 0 0 88 0 0 0 0 0 0
Bank premises 2,269 122 429 73 110 225 210 200 125 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) 24,050 1,094 7,736 1,808 1,912 5,014 1,383 664 202 102 253 402 3,480
Other assets (13) 21,566 471 12,810 649 470 1,363 1,177 871 306 199 303 731 2,217
Interdistrict settlement account 0 + 19,301 + 15,472 + 5,552 - 9,100 - 14,943 + 12,452 - 20,816 - 9,225 - 3,381 - 4,434 + 75 + 9,049
Total assets 4,327,560 107,738 2,658,614 110,811 87,237 231,327 252,999 156,427 44,406 23,449 53,072 132,557 468,925
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 21, 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 1,459,405 45,514 513,878 43,629 63,467 105,251 212,806 93,178 36,677 21,347 37,975 116,842 168,841
Less: Notes held by F.R. Banks 225,815 4,887 74,409 6,016 9,226 11,675 22,981 15,274 4,870 5,763 6,343 32,731 31,641
Federal Reserve notes, net 1,233,591 40,627 439,469 37,613 54,241 93,576 189,825 77,904 31,808 15,584 31,632 84,111 137,201
Reverse repurchase agreements (14) 324,701 6,568 199,290 7,779 7,089 18,148 17,949 13,271 4,005 1,990 4,277 9,894 34,441
Deposits 2,705,237 57,802 1,997,886 60,893 21,211 107,420 40,979 63,387 7,942 5,440 16,437 37,375 288,463
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 2,658,133 57,799 1,951,003 60,865 21,208 107,261 40,971 63,380 7,942 5,440 16,435 37,374 288,456
U.S. Treasury, General Account 31,128 0 31,128 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) 8,198 1 8,005 25 0 151 7 6 0 0 1 1 1
Deferred availability cash items 653 0 0 0 0 0 574 0 0 79 0 0 0
Interest on Federal Reserve notes due
to U.S. Treasury (16) 1,931 36 1,228 26 40 96 110 78 22 10 23 59 203
Other liabilities and accrued
dividends (17) 5,105 169 2,358 219 217 556 344 259 132 115 118 190 427
Total liabilities 4,271,217 105,202 2,640,231 106,531 82,798 219,796 249,782 154,900 43,909 23,218 52,487 131,630 460,735
Capital
Capital paid in 28,172 1,268 9,191 2,140 2,219 5,766 1,609 764 249 115 293 464 4,095
Surplus 28,172 1,268 9,191 2,140 2,219 5,766 1,609 764 249 115 293 464 4,095
Other capital 0 0 0 0 0 0 0 0 0 0 0 0 0
Total liabilities and capital 4,327,560 107,738 2,658,614 110,811 87,237 231,327 252,999 156,427 44,406 23,449 53,072 132,557 468,925
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 21, 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 21, 2014
Federal Reserve notes outstanding 1,459,405
Less: Notes held by F.R. Banks not subject to collateralization 225,815
Federal Reserve notes to be collateralized 1,233,591
Collateral held against Federal Reserve notes 1,233,591
Gold certificate account 11,037
Special drawing rights certificate account 5,200
U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 1,217,354
Other assets pledged 0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 4,067,133
Less: Face value of securities under reverse repurchase agreements 315,943
U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,751,190
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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