Skip to Content
Release Date: July 30, 2015
Release dates | Data Download Program (DDP) |
About |
Announcements |
Technical Q&As
Current release Other formats:
Screen reader |
ASCII |
PDF
(21 KB)
FEDERAL RESERVE statistical release
H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks July 30, 2015
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 29, 2015
Federal Reserve Banks Jul 29, 2015 Jul 22, 2015 Jul 30, 2014
Reserve Bank credit 4,456,614 - 4,453 + 92,833 4,447,497
Securities held outright (1) 4,239,745 - 5,077 + 102,707 4,231,429
U.S. Treasury securities 2,461,453 + 131 + 42,618 2,461,502
Bills (2) 0 0 0 0
Notes and bonds, nominal (2) 2,346,641 0 + 41,313 2,346,641
Notes and bonds, inflation-indexed (2) 98,534 0 + 1,207 98,534
Inflation compensation (3) 16,278 + 132 + 98 16,326
Federal agency debt securities (2) 35,093 - 115 - 7,333 35,093
Mortgage-backed securities (4) 1,743,198 - 5,095 + 67,421 1,734,834
Unamortized premiums on securities held outright (5) 197,078 - 562 - 12,143 196,679
Unamortized discounts on securities held outright (5) -17,405 + 35 + 1,196 -17,389
Repurchase agreements (6) 0 0 0 0
Loans 202 + 10 - 43 197
Primary credit 5 + 3 - 6 8
Secondary credit 0 0 0 0
Seasonal credit 196 + 6 - 4 189
Term Asset-Backed Securities Loan Facility (7) 0 0 - 34 0
Other credit extensions 0 0 0 0
Net portfolio holdings of Maiden Lane LLC (8) 1,698 0 + 44 1,701
Net portfolio holdings of Maiden Lane II LLC (9) 0 0 - 63 0
Net portfolio holdings of Maiden Lane III LLC (9) 0 0 - 22 0
Net portfolio holdings of TALF LLC (10) 0 0 - 60 0
Float -73 + 259 + 485 -36
Central bank liquidity swaps (11) 359 - 300 + 284 359
Other Federal Reserve assets (12) 35,011 + 1,183 + 448 34,558
Foreign currency denominated assets (13) 19,581 + 178 - 4,182 19,583
Gold stock 11,041 0 0 11,041
Special drawing rights certificate account 5,200 0 0 5,200
Treasury currency outstanding (14) 46,995 + 14 + 963 46,995
Total factors supplying reserve funds 4,539,431 - 4,261 + 89,614 4,530,316
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 29, 2015
Federal Reserve Banks Jul 29, 2015 Jul 22, 2015 Jul 30, 2014
Currency in circulation (14) 1,370,772 + 976 + 86,942 1,372,718
Reverse repurchase agreements (15) 241,082 - 24,648 + 33,668 242,511
Foreign official and international accounts 154,835 + 3,897 + 46,947 156,082
Others 86,248 - 28,544 - 13,279 86,429
Treasury cash holdings 97 + 1 - 39 107
Deposits with F.R. Banks, other than reserve balances 237,057 + 26,575 + 151,046 217,098
Term deposits held by depository institutions 0 0 0 0
U.S. Treasury, General Account 196,825 + 2,053 + 134,490 203,378
Foreign official 5,244 + 1 - 1,327 5,243
Other (16) 34,988 + 24,522 + 17,883 8,476
Other liabilities and capital (17) 65,777 - 269 + 2,354 65,051
Total factors, other than reserve balances,
absorbing reserve funds 1,914,786 + 2,636 + 273,972 1,897,486
Reserve balances with Federal Reserve Banks 2,624,646 - 6,897 - 184,358 2,632,830
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 6.
9. 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. Refer to the
note on consolidation accompanying table 6.
10. Refer to the note on consolidation accompanying table 6.
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. 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.
13. Revalued daily at current foreign currency exchange rates.
14. Estimated.
15. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt
securities, and mortgage-backed securities.
16. Includes deposits held at the Reserve Banks by international and multilateral organizations,
government-sponsored enterprises, and designated financial market utilities.
17. Includes the liability for interest on Federal Reserve notes due to U.S. Treasury.
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 29, 2015
Jul 29, 2015 Jul 22, 2015 Jul 30, 2014
Securities held in custody for foreign official and
international accounts 3,327,998 - 12,355 + 18,699 3,351,638
Marketable U.S. Treasury securities (1) 2,985,860 - 11,292 + 8,267 3,010,708
Federal agency debt and mortgage-backed securities (2) 297,965 - 983 + 8,799 296,827
Other securities (3) 44,173 - 80 + 1,633 44,102
Securities lent to dealers 10,889 - 28 + 1,136 10,129
Overnight facility (4) 10,889 - 28 + 1,136 10,129
U.S. Treasury securities 10,823 - 36 + 2,198 10,064
Federal agency debt securities 66 + 8 - 1,062 65
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, 5, and 6.
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 29, 2015
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 163 34 0 0 0 ... 197
U.S. Treasury securities (1)
Holdings 1 1,288 146,753 1,099,429 569,324 644,707 2,461,502
Weekly changes 0 0 + 5 + 20 + 19 + 87 + 132
Federal agency debt securities (2)
Holdings 0 947 11,654 20,145 0 2,347 35,093
Weekly changes 0 0 0 0 0 0 0
Mortgage-backed securities (3)
Holdings 0 0 0 76 9,433 1,725,324 1,734,834
Weekly changes 0 0 0 - 3 - 207 - 14,417 - 14,626
Repurchase agreements (4) 0 0 ... ... ... ... 0
Central bank liquidity swaps (5) 359 0 0 0 0 0 359
Reverse repurchase agreements (4) 242,511 0 ... ... ... ... 242,511
Term deposits 0 0 0 ... ... ... 0
Note: Components may not sum to totals because of rounding.
...Not applicable.
1. 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.
2. Face value.
3. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the
remaining principal balance of the securities.
4. Cash value of agreements.
5. 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 29, 2015
Mortgage-backed securities held outright (1) 1,734,834
Commitments to buy mortgage-backed securities (2) 28,656
Commitments to sell mortgage-backed securities (2) 0
Cash and cash equivalents (3) 60
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 5
and table 6.
4. Information on Principal Accounts of Maiden Lane LLC
Millions of dollars
Account name Wednesday
Jul 29, 2015
Net portfolio holdings of Maiden Lane LLC (1) 1,701
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, 2015. 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 6.
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 5 and table 6.
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. The remaining outstanding balances of the senior
loan from FRBNY to Maiden Lane LLC, and the subordinated loan from JPMorgan Chase & Co. to Maiden Lane LLC were
repaid in full, with interest.
5. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of dollars
Assets, liabilities, and capital Eliminations Wednesday Change since
from Jul 29, 2015 Wednesday Wednesday
consolidation Jul 22, 2015 Jul 30, 2014
Assets
Gold certificate account 11,037 0 0
Special drawing rights certificate account 5,200 0 0
Coin 1,883 - 2 - 34
Securities, unamortized premiums and discounts,
repurchase agreements, and loans 4,410,915 - 15,280 + 83,259
Securities held outright (1) 4,231,429 - 14,494 + 94,653
U.S. Treasury securities 2,461,502 + 132 + 41,217
Bills (2) 0 0 0
Notes and bonds, nominal (2) 2,346,641 0 + 39,895
Notes and bonds, inflation-indexed (2) 98,534 0 + 1,207
Inflation compensation (3) 16,326 + 132 + 114
Federal agency debt securities (2) 35,093 0 - 7,034
Mortgage-backed securities (4) 1,734,834 - 14,626 + 60,471
Unamortized premiums on securities held outright
(5) 196,679 - 823 - 12,561
Unamortized discounts on securities held outright
(5) -17,389 + 39 + 1,226
Repurchase agreements (6) 0 0 0
Loans 197 0 - 58
Net portfolio holdings of Maiden Lane LLC (7) 1,701 + 3 + 41
Net portfolio holdings of Maiden Lane II LLC (8) 0 0 - 63
Net portfolio holdings of Maiden Lane III LLC (8) 0 0 - 22
Net portfolio holdings of TALF LLC (9) 0 0 - 60
Items in process of collection (0) 244 + 187 + 169
Bank premises 2,242 + 1 - 30
Central bank liquidity swaps (10) 359 - 300 + 284
Foreign currency denominated assets (11) 19,583 + 169 - 4,049
Other assets (12) 32,315 + 197 - 653
Total assets (0) 4,485,480 - 15,023 + 78,843
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.
5. Consolidated Statement of Condition of All Federal Reserve Banks (continued)
Millions of dollars
Assets, liabilities, and capital Eliminations Wednesday Change since
from Jul 29, 2015 Wednesday Wednesday
consolidation Jul 22, 2015 Jul 30, 2014
Liabilities
Federal Reserve notes, net of F.R. Bank holdings 1,327,709 + 1,995 + 85,735
Reverse repurchase agreements (13) 242,511 - 23,684 + 13,781
Deposits (0) 2,849,928 + 6,395 - 22,953
Term deposits held by depository institutions 0 0 0
Other deposits held by depository institutions 2,632,830 - 12,627 - 152,968
U.S. Treasury, General Account 203,378 + 20,175 + 133,255
Foreign official 5,243 0 - 1,322
Other (14) (0) 8,476 - 1,154 - 1,919
Deferred availability cash items (0) 280 - 151 - 359
Other liabilities and accrued dividends (15) 6,751 + 417 + 664
Total liabilities (0) 4,427,179 - 15,028 + 76,868
Capital accounts
Capital paid in 29,150 + 2 + 987
Surplus 29,150 + 2 + 987
Other capital accounts 0 0 0
Total capital 58,300 + 4 + 1,974
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 6.
8. 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. Refer to the
note on consolidation accompanying table 6.
9. Refer to the note on consolidation accompanying table 6.
10. 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.
11. Revalued daily at current foreign currency exchange rates.
12. Includes accrued interest, which represents the daily accumulation of interest earned, and other
accounts receivable.
13. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt
securities, and mortgage-backed securities.
14. Includes deposits held at the Reserve Banks by international and multilateral organizations,
government-sponsored enterprises, and designated financial market utilities.
15. Includes the liability for interest on Federal Reserve notes due to U.S. Treasury.
6. Statement of Condition of Each Federal Reserve Bank, July 29, 2015
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 11,037 347 3,709 340 505 783 1,600 734 299 171 288 891 1,370
Special drawing rights certificate acct. 5,200 196 1,818 210 237 412 654 424 150 90 153 282 574
Coin 1,883 40 64 131 131 300 192 276 34 44 150 194 327
Securities, unamortized premiums and
discounts, repurchase agreements,
and loans 4,410,915 111,811 2,647,807 109,702 106,044 239,562 248,406 163,890 46,036 26,922 57,305 142,090 511,340
Securities held outright (1) 4,231,429 107,265 2,540,177 105,243 101,734 229,824 238,281 157,216 44,127 25,734 54,968 136,308 490,552
U.S. Treasury securities 2,461,502 62,398 1,477,669 61,222 59,180 133,693 138,612 91,456 25,670 14,970 31,976 79,293 285,363
Bills (2) 0 0 0 0 0 0 0 0 0 0 0 0 0
Notes and bonds (3) 2,461,502 62,398 1,477,669 61,222 59,180 133,693 138,612 91,456 25,670 14,970 31,976 79,293 285,363
Federal agency debt securities (2) 35,093 890 21,067 873 844 1,906 1,976 1,304 366 213 456 1,130 4,068
Mortgage-backed securities (4) 1,734,834 43,977 1,041,442 43,148 41,710 94,225 97,692 64,457 18,092 10,551 22,536 55,885 201,120
Unamortized premiums on securities held
outright (5) 196,679 4,986 118,069 4,892 4,729 10,682 11,075 7,308 2,051 1,196 2,555 6,336 22,801
Unamortized discounts on securities
held outright (5) -17,389 -441 -10,439 -433 -418 -944 -979 -646 -181 -106 -226 -560 -2,016
Repurchase agreements (6) 0 0 0 0 0 0 0 0 0 0 0 0 0
Loans 197 2 0 0 0 0 30 13 38 98 8 6 3
Net portfolio holdings of Maiden
Lane LLC (7) 1,701 0 1,701 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of Maiden
Lane II LLC (8) 0 0 0 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of Maiden
Lane III LLC (8) 0 0 0 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of TALF LLC (9) 0 0 0 0 0 0 0 0 0 0 0 0 0
Items in process of collection 244 0 0 0 0 0 243 0 0 0 0 0 0
Bank premises 2,242 126 437 74 108 215 209 205 119 94 238 220 197
Central bank liquidity swaps (10) 359 16 116 20 28 82 20 10 3 2 4 5 53
Foreign currency denominated
assets (11) 19,583 888 6,313 1,094 1,526 4,493 1,114 526 182 82 206 282 2,875
Other assets (12) 32,315 860 18,878 815 790 1,910 1,833 1,211 426 228 460 1,158 3,747
Interdistrict settlement account 0 + 14,116 - 57,384 + 11,933 + 24,746 + 25,184 - 14,421 + 2,686 + 7,465 + 4,254 + 1,541 + 3,548 - 23,668
Total assets 4,485,480 128,400 2,623,459 124,318 134,116 272,942 239,850 169,963 54,714 31,887 60,346 148,669 496,816
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.
6. Statement of Condition of Each Federal Reserve Bank, July 29, 2015 (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 1,510,354 49,205 491,393 50,305 80,780 104,365 207,365 105,939 50,035 26,831 41,677 118,153 184,305
Less: Notes held by F.R. Banks 182,645 6,120 62,057 5,817 9,426 12,815 23,071 11,268 4,988 2,944 4,804 14,111 25,224
Federal Reserve notes, net 1,327,709 43,085 429,337 44,488 71,354 91,549 184,294 94,671 45,047 23,887 36,873 104,043 159,081
Reverse repurchase agreements (13) 242,511 6,148 145,582 6,032 5,831 13,172 13,656 9,010 2,529 1,475 3,150 7,812 28,114
Deposits 2,849,928 76,355 2,026,044 70,211 52,198 154,451 38,030 64,381 6,420 5,996 19,564 35,712 300,565
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 2,632,830 76,348 1,809,246 70,209 52,195 154,225 38,021 64,377 6,384 5,996 19,562 35,710 300,557
U.S. Treasury, General Account 203,378 0 203,378 0 0 0 0 0 0 0 0 0 0
Foreign official 5,243 2 5,216 2 3 9 2 1 0 0 0 1 6
Other (14) 8,476 4 8,203 0 0 217 7 4 36 0 1 1 3
Deferred availability cash items 280 0 0 0 0 0 150 0 0 131 0 0 0
Interest on Federal Reserve notes due
to U.S. Treasury (15) 2,036 50 1,191 55 57 134 120 68 20 11 24 63 242
Other liabilities and accrued
dividends 4,715 160 2,238 184 191 491 319 252 127 133 120 177 323
Total liabilities 4,427,179 125,797 2,604,392 120,969 129,630 259,798 236,570 168,383 54,144 31,632 59,731 147,807 488,327
Capital
Capital paid in 29,150 1,302 9,534 1,675 2,243 6,572 1,640 790 285 127 307 431 4,245
Surplus 29,150 1,302 9,534 1,675 2,243 6,572 1,640 790 285 127 307 431 4,245
Other capital 0 0 0 0 0 0 0 0 0 0 0 0 0
Total liabilities and capital 4,485,480 128,400 2,623,459 124,318 134,116 272,942 239,850 169,963 54,714 31,887 60,346 148,669 496,816
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.
6. Statement of Condition of Each Federal Reserve Bank, July 29, 2015 (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. 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. Refer
to the note on consolidation below.
9. Refer to the note on consolidation below.
10. 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.
11. Revalued daily at current foreign currency exchange rates.
12. Includes accrued interest, which represents the daily accumulation of interest earned, and other accounts receivable.
13. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.
14. Includes deposits held at the Reserve Banks by international and multilateral organizations, government-sponsored enterprises, and designated financial market utilities.
15. 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.
Note on consolidation:
The Federal Reserve Bank of New York (FRBNY) 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 June 14, 2012, the remaining outstanding balance of the senior loan from FRBNY to Maiden Lane LLC
was repaid in full, with interest. On November 15, 2012, the remaining outstanding balance of the subordinated loan from JPMorgan Chase & Co. to Maiden Lane LLC was repaid in full, with
interest. 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. had written credit default swap contracts. On June 14, 2012, the loan from FRBNY to Maiden Lane III was repaid in full, with interest. 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 March 1, 2012, the loan from FRBNY to Maiden Lane II was repaid in full, with interest. 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. On January 15, 2013 the FRBNY's commitment to extend credit to TALF LLC was eliminated.
The FRBNY was the primary beneficiary of TALF LLC, because of the two beneficiaries of the LLC, the FRBNY and the U.S. Treasury, the FRBNY was primarily responsible for directing the
financial activities of TALF LLC. The FRBNY was the primary beneficiary of the other LLCs cited above because it received a majority of any residual returns of the LLCs and absorbed a majority of any
residual losses of the LLCs. Consistent with generally accepted accounting principles, the assets and liabilities of these LLCs were 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 were eliminated, the net
assets of the LLCs appeared as assets on the previous page (and in table 1 and table 5), and the liabilities of the LLCs to entities other than the FRBNY, including those with recourse only to
the portfolio holdings of the LLCs, were included in other liabilities in this table (and table 1 and table 5).
7. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts
Millions of dollars
Federal Reserve notes and collateral Wednesday
Jul 29, 2015
Federal Reserve notes outstanding 1,510,354
Less: Notes held by F.R. Banks not subject to collateralization 182,645
Federal Reserve notes to be collateralized 1,327,709
Collateral held against Federal Reserve notes 1,327,709
Gold certificate account 11,037
Special drawing rights certificate account 5,200
U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 1,311,472
Other assets pledged 0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 4,231,429
Less: Face value of securities under reverse repurchase agreements 229,183
U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 4,002,246
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.
Release dates | Data Download Program (DDP) |
About |
Announcements |
Technical Q&As
Current release Other formats:
Screen reader |
ASCII |
PDF
(21 KB)
Statistical releases