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Release Date: September 24, 2015
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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 September 24, 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 Sep 23, 2015
Federal Reserve Banks Sep 23, 2015 Sep 16, 2015 Sep 24, 2014
Reserve Bank credit 4,456,519 + 10,925 + 38,786 4,459,134
Securities held outright (1) 4,247,505 + 9,104 + 52,286 4,249,658
U.S. Treasury securities 2,461,946 + 2 + 14,880 2,461,946
Bills (2) 0 0 0 0
Notes and bonds, nominal (2) 2,346,640 0 + 14,336 2,346,640
Notes and bonds, inflation-indexed (2) 98,534 0 + 346 98,534
Inflation compensation (3) 16,771 + 1 + 197 16,772
Federal agency debt securities (2) 35,093 0 - 4,913 35,093
Mortgage-backed securities (4) 1,750,467 + 9,102 + 42,320 1,752,619
Unamortized premiums on securities held outright (5) 194,539 - 41 - 15,362 194,460
Unamortized discounts on securities held outright (5) -17,134 + 49 + 1,551 -17,119
Repurchase agreements (6) 0 0 0 0
Loans 269 + 15 - 61 283
Primary credit 11 + 5 - 24 21
Secondary credit 0 0 0 0
Seasonal credit 258 + 10 - 5 262
Term Asset-Backed Securities Loan Facility (7) 0 0 - 32 0
Other credit extensions 0 0 0 0
Net portfolio holdings of Maiden Lane LLC (8) 1,702 - 1 + 38 1,702
Net portfolio holdings of TALF LLC (9) 0 0 - 44 0
Float 117 + 160 + 611 69
Central bank liquidity swaps (10) 683 + 539 + 660 683
Other Federal Reserve assets (11) 28,837 + 1,100 - 894 29,397
Foreign currency denominated assets (12) 20,085 - 18 - 2,475 19,968
Gold stock 11,041 0 0 11,041
Special drawing rights certificate account 5,200 0 0 5,200
Treasury currency outstanding (13) 47,107 + 14 + 953 47,107
Total factors supplying reserve funds 4,539,952 + 10,920 + 37,264 4,542,450
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 Sep 23, 2015
Federal Reserve Banks Sep 23, 2015 Sep 16, 2015 Sep 24, 2014
Currency in circulation (13) 1,383,580 - 1,564 + 95,264 1,384,890
Reverse repurchase agreements (14) 290,801 + 61,223 + 20,259 303,797
Foreign official and international accounts 159,390 + 2,174 + 59,101 159,500
Others 131,410 + 59,048 - 38,844 144,297
Treasury cash holdings 146 - 15 - 18 157
Deposits with F.R. Banks, other than reserve balances 176,013 + 25,296 + 28,583 186,387
Term deposits held by depository institutions 0 0 0 0
U.S. Treasury, General Account 153,512 + 36,101 + 38,684 164,941
Foreign official 5,427 + 170 + 183 5,256
Other (15) 17,073 - 10,976 - 10,286 16,190
Other liabilities and capital (16) 66,549 - 371 + 2,893 65,023
Total factors, other than reserve balances,
absorbing reserve funds 1,917,088 + 84,568 + 146,980 1,940,254
Reserve balances with Federal Reserve Banks 2,622,865 - 73,646 - 109,715 2,602,196
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. 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. 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.
12. Revalued daily at current foreign currency exchange rates.
13. Estimated.
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 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 Sep 23, 2015
Sep 23, 2015 Sep 16, 2015 Sep 24, 2014
Securities held in custody for foreign official and
international accounts 3,351,571 + 14,272 - 8,031 3,349,655
Marketable U.S. Treasury securities (1) 3,023,950 + 15,854 + 376 3,023,135
Federal agency debt and mortgage-backed securities (2) 282,670 - 1,705 - 10,424 281,580
Other securities (3) 44,951 + 123 + 2,017 44,940
Securities lent to dealers 14,195 + 957 + 1,094 14,318
Overnight facility (4) 14,195 + 957 + 1,094 14,318
U.S. Treasury securities 14,146 + 956 + 1,828 14,270
Federal agency debt securities 49 + 1 - 734 48
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, September 23, 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 240 43 0 0 0 ... 283
U.S. Treasury securities (1)
Holdings 1 327 166,961 1,133,906 522,712 638,040 2,461,946
Weekly changes 0 0 0 0 0 + 2 + 2
Federal agency debt securities (2)
Holdings 0 2,149 12,452 18,145 0 2,347 35,093
Weekly changes 0 0 0 0 0 0 0
Mortgage-backed securities (3)
Holdings 0 0 0 151 9,506 1,742,962 1,752,619
Weekly changes 0 0 0 0 + 187 + 7,312 + 7,500
Repurchase agreements (4) 0 0 ... ... ... ... 0
Central bank liquidity swaps (5) 683 0 0 0 0 0 683
Reverse repurchase agreements (4) 303,797 0 ... ... ... ... 303,797
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
Sep 23, 2015
Mortgage-backed securities held outright (1) 1,752,619
Commitments to buy mortgage-backed securities (2) 21,240
Commitments to sell mortgage-backed securities (2) 0
Cash and cash equivalents (3) 63
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
Sep 23, 2015
Net portfolio holdings of Maiden Lane LLC (1) 1,702
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 Sep 23, 2015 Wednesday Wednesday
consolidation Sep 16, 2015 Sep 24, 2014
Assets
Gold certificate account 11,037 0 0
Special drawing rights certificate account 5,200 0 0
Coin 1,907 + 6 - 28
Securities, unamortized premiums and discounts,
repurchase agreements, and loans 4,427,283 + 7,392 + 41,033
Securities held outright (1) 4,249,658 + 7,501 + 54,745
U.S. Treasury securities 2,461,946 + 2 + 13,321
Bills (2) 0 0 0
Notes and bonds, nominal (2) 2,346,640 0 + 12,773
Notes and bonds, inflation-indexed (2) 98,534 0 + 346
Inflation compensation (3) 16,772 + 2 + 202
Federal agency debt securities (2) 35,093 0 - 4,913
Mortgage-backed securities (4) 1,752,619 + 7,500 + 46,337
Unamortized premiums on securities held outright
(5) 194,460 - 176 - 15,251
Unamortized discounts on securities held outright
(5) -17,119 + 48 + 1,586
Repurchase agreements (6) 0 0 0
Loans 283 + 19 - 48
Net portfolio holdings of Maiden Lane LLC (7) 1,702 0 + 38
Net portfolio holdings of TALF LLC (8) 0 0 - 44
Items in process of collection (0) 307 + 20 + 228
Bank premises 2,238 + 3 - 22
Central bank liquidity swaps (9) 683 + 538 + 660
Foreign currency denominated assets (10) 19,968 - 125 - 2,532
Other assets (11) 27,159 + 1,841 - 901
Total assets (0) 4,497,484 + 9,675 + 38,434
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 Sep 23, 2015 Wednesday Wednesday
consolidation Sep 16, 2015 Sep 24, 2014
Liabilities
Federal Reserve notes, net of F.R. Bank holdings 1,339,843 + 122 + 94,725
Reverse repurchase agreements (12) 303,797 + 67,780 + 42,073
Deposits (0) 2,788,583 - 57,771 - 100,373
Term deposits held by depository institutions 0 0 0
Other deposits held by depository institutions 2,602,196 - 41,568 - 104,989
U.S. Treasury, General Account 164,941 - 15,049 + 46,036
Foreign official 5,256 - 14 + 13
Other (13) (0) 16,190 - 1,139 - 41,433
Deferred availability cash items (0) 238 - 118 - 414
Other liabilities and accrued dividends (14) 6,471 - 602 + 239
Total liabilities (0) 4,438,933 + 9,412 + 36,252
Capital accounts
Capital paid in 29,276 + 132 + 1,091
Surplus 29,276 + 132 + 1,091
Other capital accounts 0 0 0
Total capital 58,552 + 264 + 2,182
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. Refer to the note on consolidation accompanying table 6.
9. 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.
10. Revalued daily at current foreign currency exchange rates.
11. Includes accrued interest, which represents the daily accumulation of interest earned, and other
accounts receivable.
12. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt
securities, and mortgage-backed securities.
13. Includes deposits held at the Reserve Banks by international and multilateral organizations,
government-sponsored enterprises, and designated financial market utilities.
14. Includes the liability for interest on Federal Reserve notes due to U.S. Treasury.
6. Statement of Condition of Each Federal Reserve Bank, September 23, 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 1,907 47 68 133 134 301 200 274 32 44 153 198 323
Securities, unamortized premiums and
discounts, repurchase agreements,
and loans 4,427,283 112,222 2,657,581 110,107 106,436 240,446 249,327 164,516 46,226 27,059 57,522 142,616 513,226
Securities held outright (1) 4,249,658 107,727 2,551,121 105,696 102,172 230,814 239,307 157,894 44,318 25,845 55,205 136,895 492,665
U.S. Treasury securities 2,461,946 62,409 1,477,936 61,233 59,191 133,717 138,637 91,472 25,674 14,973 31,982 79,307 285,415
Bills (2) 0 0 0 0 0 0 0 0 0 0 0 0 0
Notes and bonds (3) 2,461,946 62,409 1,477,936 61,233 59,191 133,717 138,637 91,472 25,674 14,973 31,982 79,307 285,415
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) 1,752,619 44,428 1,052,118 43,591 42,137 95,191 98,694 65,118 18,277 10,659 22,767 56,458 203,182
Unamortized premiums on securities held
outright (5) 194,460 4,929 116,737 4,837 4,675 10,562 10,950 7,225 2,028 1,183 2,526 6,264 22,544
Unamortized discounts on securities
held outright (5) -17,119 -434 -10,277 -426 -412 -930 -964 -636 -179 -104 -222 -551 -1,985
Repurchase agreements (6) 0 0 0 0 0 0 0 0 0 0 0 0 0
Loans 283 0 0 0 0 0 34 33 59 135 13 8 2
Net portfolio holdings of Maiden
Lane LLC (7) 1,702 0 1,702 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of TALF LLC (8) 0 0 0 0 0 0 0 0 0 0 0 0 0
Items in process of collection 307 0 0 0 0 0 307 0 0 0 0 0 0
Bank premises 2,238 128 437 73 107 215 208 204 118 93 238 221 196
Central bank liquidity swaps (9) 683 31 220 38 53 157 39 18 6 3 7 10 100
Foreign currency denominated
assets (10) 19,968 905 6,438 1,116 1,556 4,582 1,136 536 186 84 210 288 2,932
Other assets (11) 27,159 721 15,741 682 661 1,624 1,532 1,015 496 191 389 962 3,146
Interdistrict settlement account 0 - 16,514 - 42,094 + 6,973 + 21,843 + 26,962 - 9,596 + 16,117 + 10,189 + 3,970 + 2,156 + 4,686 - 24,692
Total assets 4,497,484 98,084 2,645,621 119,672 131,533 275,481 245,407 183,838 57,702 31,704 61,115 150,153 497,175
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, September 23, 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 1,526,807 48,903 501,067 50,089 82,874 105,569 212,863 105,207 52,521 26,933 41,314 116,741 182,726
Less: Notes held by F.R. Banks 186,964 6,478 57,250 6,772 10,411 12,890 24,603 12,156 5,125 3,234 4,757 14,848 28,440
Federal Reserve notes, net 1,339,843 42,425 443,816 43,317 72,463 92,679 188,260 93,051 47,396 23,699 36,557 101,893 154,286
Reverse repurchase agreements (12) 303,797 7,701 182,373 7,556 7,304 16,500 17,107 11,287 3,168 1,848 3,946 9,786 35,219
Deposits 2,788,583 45,145 1,996,968 65,326 47,030 152,541 36,134 77,600 6,425 5,677 19,844 37,361 298,532
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 2,602,196 45,141 1,818,493 65,324 47,027 152,411 36,124 69,885 6,389 5,677 19,843 37,358 298,524
U.S. Treasury, General Account 164,941 0 164,941 0 0 0 0 0 0 0 0 0 0
Foreign official 5,256 2 5,229 2 3 9 2 1 0 0 0 1 6
Other (13) 16,190 2 8,305 0 0 121 7 7,714 35 0 1 2 2
Deferred availability cash items 238 0 0 0 0 0 155 0 0 83 0 0 0
Interest on Federal Reserve notes due
to U.S. Treasury (14) 1,660 42 1,121 39 35 68 106 60 17 10 26 61 76
Other liabilities and accrued
dividends 4,811 167 2,138 201 216 538 341 260 128 137 121 187 379
Total liabilities 4,438,933 95,480 2,626,416 116,439 127,048 262,326 242,103 182,258 57,133 31,454 60,495 149,288 488,492
Capital
Capital paid in 29,276 1,302 9,603 1,617 2,242 6,577 1,652 790 284 125 310 433 4,341
Surplus 29,276 1,302 9,603 1,617 2,242 6,577 1,652 790 284 125 310 433 4,341
Other capital 0 0 0 0 0 0 0 0 0 0 0 0 0
Total liabilities and capital 4,497,484 98,084 2,645,621 119,672 131,533 275,481 245,407 183,838 57,702 31,704 61,115 150,153 497,175
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, September 23, 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. Refer to the note on consolidation below.
9. 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.
10. Revalued daily at current foreign currency exchange rates.
11. Includes accrued interest, which represents the daily accumulation of interest earned, and other accounts receivable.
12. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.
13. Includes deposits held at the Reserve Banks by international and multilateral organizations, government-sponsored enterprises, and designated financial market utilities.
14. 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 (ML), 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 ML was
repaid in full, with interest. On November 15, 2012, the remaining outstanding balance of the subordinated loan from JPMorgan Chase & Co. to ML was repaid in full, with interest. On November 25,
2008, the Federal Reserve Board authorized FRBNY to extend credit to TALF LLC, which was formed to purchase and manage any asset-backed securities received by 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 FRBNY's commitment to extend credit to TALF LLC was eliminated.
FRBNY was the primary beneficiary of ML because it received a majority of the residual returns and could have absorbed a majority of any residual losses should they have occurred. FRBNY was
the primary beneficiary of TALF LLC, because of the two beneficiaries of TALF LLC, FRBNY and the U.S. Treasury, FRBNY was primarily responsible for directing the financial activities of TALF
LLC. Consistent with generally accepted accounting principles, the assets and liabilities of these LLCs were consolidated with the assets and liabilities of FRBNY in the preparation of the
statements of condition shown on this release. As a consequence of the consolidation, the extensions of credit from 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 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
Sep 23, 2015
Federal Reserve notes outstanding 1,526,807
Less: Notes held by F.R. Banks not subject to collateralization 186,964
Federal Reserve notes to be collateralized 1,339,843
Collateral held against Federal Reserve notes 1,339,843
Gold certificate account 11,037
Special drawing rights certificate account 5,200
U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 1,323,606
Other assets pledged 0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 4,249,658
Less: Face value of securities under reverse repurchase agreements 290,364
U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,959,294
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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