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Release Date: July 3, 2014
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FEDERAL RESERVE statistical release
H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks July 3, 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 Jul 2, 2014
Federal Reserve Banks Jul 2, 2014 Jun 25, 2014 Jul 3, 2013
Reserve Bank credit 4,330,614 - 1,554 + 885,716 4,334,025
Securities held outright (1) 4,108,697 - 800 + 893,563 4,112,136
U.S. Treasury securities 2,401,138 + 6,771 + 463,529 2,404,577
Bills (2) 0 0 0 0
Notes and bonds, nominal (2) 2,288,597 + 6,684 + 446,597 2,292,004
Notes and bonds, inflation-indexed (2) 96,771 0 + 13,745 96,771
Inflation compensation (3) 15,770 + 87 + 3,187 15,802
Federal agency debt securities (2) 43,659 0 - 25,732 43,659
Mortgage-backed securities (4) 1,663,900 - 7,570 + 455,766 1,663,901
Unamortized premiums on securities held outright (5) 209,393 - 365 + 5,639 209,315
Unamortized discounts on securities held outright (5) -18,495 - 97 - 16,096 -18,523
Repurchase agreements (6) 0 0 - 87 0
Loans 199 - 5 - 186 195
Primary credit 10 - 20 - 26 5
Secondary credit 0 0 0 0
Seasonal credit 140 + 15 + 49 141
Term Asset-Backed Securities Loan Facility (7) 49 - 1 - 209 49
Other credit extensions 0 0 0 0
Net portfolio holdings of Maiden Lane LLC (8) 1,654 0 + 236 1,655
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) 90 0 - 191 90
Float -608 - 122 + 198 -692
Central bank liquidity swaps (12) 124 0 - 1,555 124
Other Federal Reserve assets (13) 29,475 - 166 + 4,194 29,640
Foreign currency denominated assets (14) 24,058 + 114 + 577 24,107
Gold stock 11,041 0 0 11,041
Special drawing rights certificate account 5,200 0 0 5,200
Treasury currency outstanding (15) 45,940 + 14 + 793 45,940
Total factors supplying reserve funds 4,416,853 - 1,427 + 887,086 4,420,314
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 Jul 2, 2014
Federal Reserve Banks Jul 2, 2014 Jun 25, 2014 Jul 3, 2013
Currency in circulation (15) 1,282,358 + 3,838 + 86,226 1,287,587
Reverse repurchase agreements (16) 281,021 + 67,276 + 187,525 258,122
Foreign official and international accounts 109,829 + 6,392 + 16,333 109,630
Others 171,192 + 60,884 + 171,192 148,492
Treasury cash holdings 146 - 15 + 24 149
Deposits with F.R. Banks, other than reserve balances 210,436 - 10,524 + 55,685 206,835
Term deposits held by depository institutions 92,420 - 270 + 92,420 92,420
U.S. Treasury, General Account 100,085 - 7,159 - 18,660 101,085
Foreign official 5,941 - 19 - 4,109 5,941
Other (17) 11,990 - 3,077 - 13,966 7,389
Other liabilities and capital (18) 64,194 - 396 + 2,264 62,840
Total factors, other than reserve balances,
absorbing reserve funds 1,838,157 + 60,180 + 331,726 1,815,533
Reserve balances with Federal Reserve Banks 2,578,697 - 61,606 + 555,361 2,604,780
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 Jul 2, 2014
Jul 2, 2014 Jun 25, 2014 Jul 3, 2013
Securities held in custody for foreign official and
international accounts 3,303,767 - 11,236 + 18,619 3,303,672
Marketable U.S. Treasury securities (1) 2,970,154 - 10,476 + 24,187 2,969,684
Federal agency debt and mortgage-backed securities (2) 291,867 - 1,086 - 8,818 291,787
Other securities (3) 41,746 + 326 + 3,250 42,202
Securities lent to dealers 16,364 + 3,078 - 1,352 16,157
Overnight facility (4) 16,364 + 3,078 - 1,352 16,157
U.S. Treasury securities 15,126 + 2,901 - 1,499 14,956
Federal agency debt securities 1,238 + 176 + 147 1,201
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, July 2, 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) 42 140 14 0 0 ... 195
U.S. Treasury securities (2)
Holdings 0 47 1,995 949,850 808,779 643,905 2,404,577
Weekly changes - 1 + 1 0 + 17,962 - 12,481 + 2,123 + 7,605
Federal agency debt securities (3)
Holdings 1,009 2,644 4,111 33,548 0 2,347 43,659
Weekly changes + 1,009 - 1,009 0 0 0 0 0
Mortgage-backed securities (4)
Holdings 0 0 0 10 3,725 1,660,166 1,663,901
Weekly changes 0 0 0 0 0 + 4 + 4
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) 124 0 0 0 0 0 124
Reverse repurchase agreements (6) 258,122 0 ... ... ... ... 258,122
Term deposits 92,420 0 0 ... ... ... 92,420
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
Jul 2, 2014
Mortgage-backed securities held outright (1) 1,663,901
Commitments to buy mortgage-backed securities (2) 62,078
Commitments to sell mortgage-backed securities (2) 0
Cash and cash equivalents (3) 12
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
Jul 2, 2014
Net portfolio holdings of Maiden Lane LLC (1) 1,655
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
Jul 2, 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
Jul 2, 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
Jul 2, 2014
Asset-backed securities holdings (1) 0
Other investments, net 90
Net portfolio holdings of TALF LLC 90
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 Jul 2, 2014 Wednesday Wednesday
consolidation Jun 25, 2014 Jul 3, 2013
Assets
Gold certificate account 11,037 0 0
Special drawing rights certificate account 5,200 0 0
Coin 1,876 - 17 - 86
Securities, unamortized premiums and discounts,
repurchase agreements, and loans 4,303,124 + 7,290 + 881,305
Securities held outright (1) 4,112,136 + 7,608 + 892,143
U.S. Treasury securities 2,404,577 + 7,605 + 461,899
Bills (2) 0 0 0
Notes and bonds, nominal (2) 2,292,004 + 7,517 + 444,950
Notes and bonds, inflation-indexed (2) 96,771 0 + 13,745
Inflation compensation (3) 15,802 + 87 + 3,204
Federal agency debt securities (2) 43,659 0 - 25,521
Mortgage-backed securities (4) 1,663,901 + 4 + 455,765
Unamortized premiums on securities held outright
(5) 209,315 - 149 + 5,438
Unamortized discounts on securities held outright
(5) -18,523 - 90 - 16,108
Repurchase agreements (6) 0 0 0
Loans 195 - 79 - 169
Net portfolio holdings of Maiden Lane LLC (7) 1,655 + 1 + 241
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) 90 0 - 191
Items in process of collection (0) 95 + 29 - 9
Bank premises 2,261 - 2 - 30
Central bank liquidity swaps (11) 124 0 - 1,555
Foreign currency denominated assets (12) 24,107 + 97 + 693
Other assets (13) 27,379 + 1,286 + 3,923
Total assets (0) 4,377,031 + 8,683 + 884,289
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 Jul 2, 2014 Wednesday Wednesday
consolidation Jun 25, 2014 Jul 3, 2013
Liabilities
Federal Reserve notes, net of F.R. Bank holdings 1,243,667 + 7,462 + 84,607
Reverse repurchase agreements (14) 258,122 + 35,379 + 166,251
Deposits (0) 2,811,615 - 33,798 + 633,304
Term deposits held by depository institutions 92,420 - 270 + 92,420
Other deposits held by depository institutions 2,604,780 - 23,280 + 552,796
U.S. Treasury, General Account 101,085 - 6,979 - 4,963
Foreign official 5,941 - 11 - 4,089
Other (15) (0) 7,389 - 3,259 - 2,860
Deferred availability cash items (0) 787 + 196 - 217
Other liabilities and accrued dividends (16) 6,522 - 552 - 990
Total liabilities (0) 4,320,713 + 8,687 + 882,955
Capital accounts
Capital paid in 28,159 - 2 + 667
Surplus 28,159 - 2 + 667
Other capital accounts 0 0 0
Total capital 56,318 - 3 + 1,333
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, July 2, 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 1,876 32 80 120 119 316 219 274 21 46 151 177 321
Securities, unamortized premiums and
discounts, repurchase agreements,
and loans 4,303,124 87,041 2,641,030 103,085 93,948 240,494 237,884 175,886 53,107 26,421 56,686 131,121 456,421
Securities held outright (1) 4,112,136 83,181 2,523,880 98,514 89,782 229,830 227,317 168,069 50,720 25,201 54,166 125,298 436,179
U.S. Treasury securities 2,404,577 48,640 1,475,841 57,606 52,500 134,393 132,924 98,278 29,659 14,736 31,674 73,268 255,056
Bills (2) 0 0 0 0 0 0 0 0 0 0 0 0 0
Notes and bonds (3) 2,404,577 48,640 1,475,841 57,606 52,500 134,393 132,924 98,278 29,659 14,736 31,674 73,268 255,056
Federal agency debt securities (2) 43,659 883 26,796 1,046 953 2,440 2,413 1,784 539 268 575 1,330 4,631
Mortgage-backed securities (4) 1,663,901 33,658 1,021,242 39,862 36,329 92,997 91,979 68,006 20,523 10,197 21,917 50,700 176,492
Unamortized premiums on securities held
outright (5) 209,315 4,234 128,470 5,015 4,570 11,699 11,571 8,555 2,582 1,283 2,757 6,378 22,202
Unamortized discounts on securities
held outright (5) -18,523 -375 -11,369 -444 -404 -1,035 -1,024 -757 -228 -114 -244 -564 -1,965
Repurchase agreements (6) 0 0 0 0 0 0 0 0 0 0 0 0 0
Loans 195 0 49 0 0 0 21 19 33 51 7 9 5
Net portfolio holdings of Maiden
Lane LLC (7) 1,655 0 1,655 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) 90 0 90 0 0 0 0 0 0 0 0 0 0
Items in process of collection 95 0 0 0 0 0 94 0 0 0 0 0 0
Bank premises 2,261 121 431 74 110 224 209 198 124 98 244 226 201
Central bank liquidity swaps (11) 124 6 40 9 10 26 7 3 1 1 1 2 18
Foreign currency denominated assets (12) 24,107 1,093 7,807 1,807 1,911 5,010 1,381 663 202 102 253 402 3,477
Other assets (13) 27,379 591 16,490 658 601 1,694 1,513 1,116 399 240 385 854 2,839
Interdistrict settlement account 0 + 30,786 + 943 - 1,272 + 869 - 11,884 + 9,296 - 24,214 - 11,366 - 3,167 - 4,676 - 3,422 + 18,106
Total assets 4,377,031 120,217 2,674,594 105,029 98,268 237,116 252,607 155,057 42,916 24,003 53,489 130,522 483,213
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, July 2, 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 1,450,986 45,189 501,727 43,024 64,767 105,711 212,638 93,354 36,504 21,336 37,521 116,018 173,197
Less: Notes held by F.R. Banks 207,319 4,696 66,268 5,995 8,852 10,925 20,862 14,893 4,923 5,036 5,377 31,018 28,474
Federal Reserve notes, net 1,243,667 40,493 435,459 37,029 55,915 94,786 191,777 78,461 31,580 16,300 32,144 84,999 144,723
Reverse repurchase agreements (14) 258,122 5,221 158,426 6,184 5,636 14,427 14,269 10,550 3,184 1,582 3,400 7,865 27,379
Deposits 2,811,615 71,762 2,059,057 57,369 32,062 115,823 42,200 64,180 7,494 5,662 17,210 36,469 302,327
Term deposits held by depository
institutions 92,420 65 73,825 1,005 2,440 47 520 10,215 70 33 295 205 3,700
Other deposits held by depository
institutions 2,604,780 71,695 1,870,986 56,331 29,619 115,681 41,671 53,955 7,424 5,628 16,913 36,259 298,618
U.S. Treasury, General Account 101,085 0 101,085 0 0 0 0 0 0 0 0 0 0
Foreign official 5,941 2 5,914 3 3 8 2 1 0 0 0 1 6
Other (15) 7,389 1 7,248 29 0 87 7 9 0 0 1 5 3
Deferred availability cash items 787 0 0 0 0 0 686 0 0 100 0 0 0
Interest on Federal Reserve notes due
to U.S. Treasury (16) 2,242 40 1,376 49 46 112 143 90 32 15 36 65 237
Other liabilities and accrued
dividends (17) 4,281 142 1,893 172 171 441 318 251 131 110 113 185 353
Total liabilities 4,320,713 117,659 2,656,211 100,803 93,829 225,590 249,393 153,532 42,421 23,769 52,903 129,583 475,020
Capital
Capital paid in 28,159 1,279 9,191 2,113 2,219 5,763 1,607 763 248 117 293 469 4,096
Surplus 28,159 1,279 9,191 2,113 2,219 5,763 1,607 763 248 117 293 469 4,096
Other capital 0 0 0 0 0 0 0 0 0 0 0 0 0
Total liabilities and capital 4,377,031 120,217 2,674,594 105,029 98,268 237,116 252,607 155,057 42,916 24,003 53,489 130,522 483,213
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, July 2, 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
Jul 2, 2014
Federal Reserve notes outstanding 1,450,986
Less: Notes held by F.R. Banks not subject to collateralization 207,319
Federal Reserve notes to be collateralized 1,243,667
Collateral held against Federal Reserve notes 1,243,667
Gold certificate account 11,037
Special drawing rights certificate account 5,200
U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 1,227,430
Other assets pledged 0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 4,112,136
Less: Face value of securities under reverse repurchase agreements 249,916
U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,862,220
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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