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Release Date: August 21, 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 August 21, 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 Aug 20, 2014
Federal Reserve Banks Aug 20, 2014 Aug 13, 2014 Aug 21, 2013
Reserve Bank credit 4,373,473 - 3,693 + 783,768 4,370,641
Securities held outright (1) 4,155,470 + 8,659 + 786,927 4,154,858
U.S. Treasury securities 2,430,096 + 3,737 + 422,264 2,431,395
Bills (2) 0 0 0 0
Notes and bonds, nominal (2) 2,315,889 + 3,158 + 406,984 2,317,170
Notes and bonds, inflation-indexed (2) 97,755 + 423 + 11,936 97,755
Inflation compensation (3) 16,452 + 156 + 3,344 16,470
Federal agency debt securities (2) 41,562 - 484 - 24,151 41,562
Mortgage-backed securities (4) 1,683,812 + 5,407 + 388,814 1,681,901
Unamortized premiums on securities held outright (5) 209,541 + 309 + 5,714 209,502
Unamortized discounts on securities held outright (5) -18,674 - 6 - 14,528 -18,673
Repurchase agreements (6) 0 0 0 0
Loans 278 + 10 - 66 292
Primary credit 10 + 5 - 12 22
Secondary credit 0 0 0 0
Seasonal credit 234 + 5 + 85 236
Term Asset-Backed Securities Loan Facility (7) 34 0 - 139 34
Other credit extensions 0 0 0 0
Net portfolio holdings of Maiden Lane LLC (8) 1,669 0 + 182 1,668
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) 44 0 - 151 44
Float -577 - 4 + 83 -543
Central bank liquidity swaps (12) 75 0 - 242 75
Other Federal Reserve assets (13) 25,562 - 12,660 + 5,849 23,333
Foreign currency denominated assets (14) 23,647 - 68 - 350 23,493
Gold stock 11,041 0 0 11,041
Special drawing rights certificate account 5,200 0 0 5,200
Treasury currency outstanding (15) 46,048 + 14 + 799 46,048
Total factors supplying reserve funds 4,459,408 - 3,748 + 784,215 4,456,423
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 Aug 20, 2014
Federal Reserve Banks Aug 20, 2014 Aug 13, 2014 Aug 21, 2013
Currency in circulation (15) 1,287,252 - 829 + 88,854 1,287,704
Reverse repurchase agreements (16) 247,586 + 18,768 + 148,554 268,591
Foreign official and international accounts 118,766 + 19,557 + 21,163 118,147
Others 128,820 - 789 + 127,391 150,444
Treasury cash holdings 155 0 + 4 161
Deposits with F.R. Banks, other than reserve balances 69,871 - 25,062 - 50,189 67,164
Term deposits held by depository institutions 0 0 0 0
U.S. Treasury, General Account 42,803 - 35,263 - 8,371 32,225
Foreign official 6,591 + 26 - 3,796 6,566
Other (17) 20,477 + 10,175 - 38,022 28,373
Other liabilities and capital (18) 64,369 - 8 + 488 62,961
Total factors, other than reserve balances,
absorbing reserve funds 1,669,234 - 7,130 + 187,713 1,686,580
Reserve balances with Federal Reserve Banks 2,790,174 + 3,382 + 596,503 2,769,843
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 Aug 20, 2014
Aug 20, 2014 Aug 13, 2014 Aug 21, 2013
Securities held in custody for foreign official and
international accounts 3,322,125 - 3,078 + 38,679 3,320,270
Marketable U.S. Treasury securities (1) 2,990,602 - 1,789 + 54,889 2,990,734
Federal agency debt and mortgage-backed securities (2) 287,874 - 1,841 - 22,317 285,918
Other securities (3) 43,649 + 551 + 6,107 43,618
Securities lent to dealers 9,383 - 1,193 - 3,553 9,908
Overnight facility (4) 9,383 - 1,193 - 3,553 9,908
U.S. Treasury securities 8,563 - 1,054 - 3,581 9,162
Federal agency debt securities 820 - 138 + 28 746
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, August 20, 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) 247 45 0 0 0 ... 292
U.S. Treasury securities (2)
Holdings 5 89 3,194 1,022,076 751,222 654,810 2,431,395
Weekly changes + 3 + 83 + 1,199 + 52,152 - 51,633 + 1,945 + 3,748
Federal agency debt securities (3)
Holdings 0 1,862 4,607 32,746 0 2,347 41,562
Weekly changes 0 0 0 0 0 0 0
Mortgage-backed securities (4)
Holdings 0 0 0 10 3,899 1,677,992 1,681,901
Weekly changes 0 0 0 0 + 13 - 6,683 - 6,670
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) 75 0 0 0 0 0 75
Reverse repurchase agreements (6) 268,591 0 ... ... ... ... 268,591
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
Aug 20, 2014
Mortgage-backed securities held outright (1) 1,681,901
Commitments to buy mortgage-backed securities (2) 67,216
Commitments to sell mortgage-backed securities (2) 0
Cash and cash equivalents (3) 27
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
Aug 20, 2014
Net portfolio holdings of Maiden Lane LLC (1) 1,668
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 June 30, 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
Aug 20, 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 June 30, 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
Aug 20, 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 June 30, 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
Aug 20, 2014
Asset-backed securities holdings (1) 0
Other investments, net 44
Net portfolio holdings of TALF LLC 44
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 Aug 20, 2014 Wednesday Wednesday
consolidation Aug 13, 2014 Aug 21, 2013
Assets
Gold certificate account 11,037 0 0
Special drawing rights certificate account 5,200 0 0
Coin 1,936 + 7 - 61
Securities, unamortized premiums and discounts,
repurchase agreements, and loans 4,345,979 - 2,945 + 764,899
Securities held outright (1) 4,154,858 - 2,922 + 773,788
U.S. Treasury securities 2,431,395 + 3,748 + 419,226
Bills (2) 0 0 0
Notes and bonds, nominal (2) 2,317,170 + 3,169 + 403,948
Notes and bonds, inflation-indexed (2) 97,755 + 423 + 11,936
Inflation compensation (3) 16,470 + 156 + 3,342
Federal agency debt securities (2) 41,562 0 - 24,151
Mortgage-backed securities (4) 1,681,901 - 6,670 + 378,712
Unamortized premiums on securities held outright
(5) 209,502 - 60 + 5,402
Unamortized discounts on securities held outright
(5) -18,673 + 19 - 14,305
Repurchase agreements (6) 0 0 0
Loans 292 + 18 + 14
Net portfolio holdings of Maiden Lane LLC (7) 1,668 - 1 + 177
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) 44 0 - 151
Items in process of collection (0) 73 - 8 - 35
Bank premises 2,264 + 3 - 26
Central bank liquidity swaps (11) 75 0 - 242
Foreign currency denominated assets (12) 23,493 - 167 - 532
Other assets (13) 21,070 - 15,889 + 3,229
Total assets (0) 4,412,924 - 18,999 + 767,256
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 Aug 20, 2014 Wednesday Wednesday
consolidation Aug 13, 2014 Aug 21, 2013
Liabilities
Federal Reserve notes, net of F.R. Bank holdings 1,243,749 - 1,124 + 87,372
Reverse repurchase agreements (14) 268,591 + 34,985 + 172,249
Deposits (0) 2,837,007 - 52,093 + 507,895
Term deposits held by depository institutions 0 0 0
Other deposits held by depository institutions 2,769,843 - 29,507 + 569,651
U.S. Treasury, General Account 32,225 - 36,445 - 9,302
Foreign official 6,566 0 - 3,810
Other (15) (0) 28,373 + 13,858 - 48,645
Deferred availability cash items (0) 616 - 48 - 160
Other liabilities and accrued dividends (16) 6,604 - 741 - 1,370
Total liabilities (0) 4,356,567 - 19,021 + 765,986
Capital accounts
Capital paid in 28,178 + 10 + 634
Surplus 28,178 + 10 + 634
Other capital accounts 0 0 0
Total capital 56,357 + 22 + 1,270
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, August 20, 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 1,936 32 90 122 125 321 226 277 28 49 151 184 332
Securities, unamortized premiums and
discounts, repurchase agreements,
and loans 4,345,979 87,906 2,667,258 104,109 94,883 242,883 240,248 177,639 53,666 26,752 57,251 132,425 460,958
Securities held outright (1) 4,154,858 84,045 2,550,101 99,538 90,715 232,218 229,678 169,815 51,247 25,462 54,729 126,600 440,710
U.S. Treasury securities 2,431,395 49,183 1,492,302 58,249 53,086 135,892 134,406 99,375 29,990 14,900 32,027 74,085 257,901
Bills (2) 0 0 0 0 0 0 0 0 0 0 0 0 0
Notes and bonds (3) 2,431,395 49,183 1,492,302 58,249 53,086 135,892 134,406 99,375 29,990 14,900 32,027 74,085 257,901
Federal agency debt securities (2) 41,562 841 25,509 996 907 2,323 2,298 1,699 513 255 547 1,266 4,409
Mortgage-backed securities (4) 1,681,901 34,022 1,032,290 40,293 36,722 94,003 92,975 68,742 20,745 10,307 22,155 51,248 178,401
Unamortized premiums on securities held
outright (5) 209,502 4,238 128,585 5,019 4,574 11,709 11,581 8,563 2,584 1,284 2,760 6,384 22,222
Unamortized discounts on securities
held outright (5) -18,673 -378 -11,461 -447 -408 -1,044 -1,032 -763 -230 -114 -246 -569 -1,981
Repurchase agreements (6) 0 0 0 0 0 0 0 0 0 0 0 0 0
Loans 292 0 34 0 2 0 21 24 65 120 9 11 7
Net portfolio holdings of Maiden
Lane LLC (7) 1,668 0 1,668 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) 44 0 44 0 0 0 0 0 0 0 0 0 0
Items in process of collection 73 0 0 0 0 0 72 0 0 1 0 0 0
Bank premises 2,264 121 435 74 109 223 210 199 124 97 244 226 201
Central bank liquidity swaps (11) 75 3 24 6 6 16 4 2 1 0 1 1 11
Foreign currency denominated assets (12) 23,493 1,068 7,557 1,766 1,868 4,898 1,351 649 197 99 247 393 3,399
Other assets (13) 21,070 455 12,549 650 457 1,329 1,139 845 296 193 295 707 2,154
Interdistrict settlement account 0 + 19,618 - 2,335 + 9,581 + 447 - 23,130 + 7,819 - 19,669 - 11,649 - 3,158 - 2,773 + 80 + 25,169
Total assets 4,412,924 109,753 2,693,319 116,856 98,596 227,777 253,072 161,072 43,091 24,296 55,859 135,179 494,055
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, August 20, 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 1,445,610 44,838 494,194 42,904 65,476 104,494 213,170 91,834 37,478 20,937 37,024 116,190 177,071
Less: Notes held by F.R. Banks 201,861 5,110 63,950 6,494 9,136 11,614 20,527 12,959 5,209 4,428 5,357 28,181 28,895
Federal Reserve notes, net 1,243,749 39,729 430,243 36,411 56,340 92,881 192,643 78,875 32,269 16,509 31,667 88,009 148,176
Reverse repurchase agreements (14) 268,591 5,433 164,851 6,435 5,864 15,012 14,848 10,978 3,313 1,646 3,538 8,184 28,490
Deposits 2,837,007 61,844 2,076,363 69,544 31,738 107,811 41,402 69,372 6,853 5,708 19,932 37,805 308,635
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 2,769,843 61,837 2,009,477 69,508 31,735 107,613 41,393 69,362 6,852 5,708 19,930 37,801 308,626
U.S. Treasury, General Account 32,225 0 32,225 0 0 0 0 0 0 0 0 0 0
Foreign official 6,566 2 6,539 3 3 8 2 1 0 0 0 1 6
Other (15) 28,373 5 28,122 33 0 189 7 9 0 0 1 3 3
Deferred availability cash items 616 0 0 0 0 0 540 0 0 77 0 0 0
Interest on Federal Reserve notes due
to U.S. Treasury (16) 1,661 27 1,079 30 26 62 97 68 19 9 19 55 169
Other liabilities and accrued
dividends (17) 4,943 157 2,398 196 187 485 332 252 132 113 117 187 387
Total liabilities 4,356,567 107,190 2,674,935 112,615 94,155 216,250 249,861 159,545 42,587 24,061 55,272 134,240 485,857
Capital
Capital paid in 28,178 1,281 9,192 2,120 2,221 5,763 1,606 763 252 117 294 469 4,099
Surplus 28,178 1,281 9,192 2,120 2,221 5,763 1,606 763 252 117 294 469 4,099
Other capital 0 0 0 0 0 0 0 0 0 0 0 0 0
Total liabilities and capital 4,412,924 109,753 2,693,319 116,856 98,596 227,777 253,072 161,072 43,091 24,296 55,859 135,179 494,055
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, August 20, 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
Aug 20, 2014
Federal Reserve notes outstanding 1,445,610
Less: Notes held by F.R. Banks not subject to collateralization 201,861
Federal Reserve notes to be collateralized 1,243,749
Collateral held against Federal Reserve notes 1,243,749
Gold certificate account 11,037
Special drawing rights certificate account 5,200
U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 1,227,512
Other assets pledged 0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 4,154,858
Less: Face value of securities under reverse repurchase agreements 250,380
U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,904,478
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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