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Release Date: October 22, 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 October 22, 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 Oct 21, 2015
Federal Reserve Banks Oct 21, 2015 Oct 14, 2015 Oct 22, 2014
Reserve Bank credit 4,457,378 + 5,989 + 20,692 4,462,691
Securities held outright (1) 4,246,150 + 5,745 + 35,000 4,251,180
U.S. Treasury securities 2,461,850 - 35 + 4,791 2,461,837
Bills (2) 0 0 0 0
Notes and bonds, nominal (2) 2,346,639 0 + 4,507 2,346,639
Notes and bonds, inflation-indexed (2) 98,534 0 + 65 98,534
Inflation compensation (3) 16,677 - 34 + 220 16,663
Federal agency debt securities (2) 34,146 - 947 - 5,554 34,146
Mortgage-backed securities (4) 1,750,153 + 6,726 + 35,761 1,755,197
Unamortized premiums on securities held outright (5) 193,082 - 86 - 16,163 193,143
Unamortized discounts on securities held outright (5) -16,921 + 43 + 1,786 -16,907
Repurchase agreements (6) 0 0 0 0
Loans 194 - 20 - 27 187
Primary credit 6 - 4 + 1 3
Secondary credit 0 0 0 0
Seasonal credit 189 - 14 - 13 184
Term Asset-Backed Securities Loan Facility (7) 0 0 - 14 0
Other credit extensions 0 0 0 0
Net portfolio holdings of Maiden Lane LLC (8) 1,705 + 2 + 32 1,705
Net portfolio holdings of TALF LLC (9) 0 0 - 24 0
Float 275 + 164 + 893 202
Central bank liquidity swaps (10) 140 - 5 + 140 140
Other Federal Reserve assets (11) 32,753 + 146 - 944 33,042
Foreign currency denominated assets (12) 20,232 + 29 - 2,406 20,185
Gold stock 11,041 0 0 11,041
Special drawing rights certificate account 5,200 0 0 5,200
Treasury currency outstanding (13) 47,320 + 14 + 1,106 47,320
Total factors supplying reserve funds 4,541,171 + 6,033 + 19,392 4,546,437
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 Oct 21, 2015
Federal Reserve Banks Oct 21, 2015 Oct 14, 2015 Oct 22, 2014
Currency in circulation (13) 1,391,527 - 1,086 + 95,127 1,392,218
Reverse repurchase agreements (14) 304,655 + 25,489 + 79,615 331,299
Foreign official and international accounts 175,389 + 4,012 + 75,991 180,217
Others 129,265 + 21,476 + 3,623 151,082
Treasury cash holdings 193 - 29 - 2 224
Deposits with F.R. Banks, other than reserve balances 84,800 - 13,842 - 162,391 81,131
Term deposits held by depository institutions 0 0 - 110,029 0
U.S. Treasury, General Account 60,403 - 6,036 - 63,111 57,086
Foreign official 5,450 + 129 + 204 5,258
Other (15) 18,947 - 7,935 + 10,545 18,786
Other liabilities and capital (16) 66,689 - 625 + 2,349 65,978
Total factors, other than reserve balances,
absorbing reserve funds 1,847,864 + 9,906 + 14,698 1,870,850
Reserve balances with Federal Reserve Banks 2,693,306 - 3,874 + 4,693 2,675,588
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 Oct 21, 2015
Oct 21, 2015 Oct 14, 2015 Oct 22, 2014
Securities held in custody for foreign official and
international accounts 3,301,452 - 12,991 - 1,902 3,297,051
Marketable U.S. Treasury securities (1) 2,976,888 - 10,915 + 4,108 2,974,352
Federal agency debt and mortgage-backed securities (2) 278,649 - 2,241 - 10,188 276,741
Other securities (3) 45,915 + 164 + 4,178 45,957
Securities lent to dealers 15,776 + 2,839 + 2,671 14,950
Overnight facility (4) 15,776 + 2,839 + 2,671 14,950
U.S. Treasury securities 15,730 + 2,840 + 3,276 14,906
Federal agency debt securities 47 0 - 604 44
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, October 21, 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 170 17 0 0 0 ... 187
U.S. Treasury securities (1)
Holdings 0 327 173,784 1,135,715 514,043 637,968 2,461,837
Weekly changes 0 0 - 1 - 6 - 6 - 24 - 37
Federal agency debt securities (2)
Holdings 0 2,828 12,825 16,146 0 2,347 34,146
Weekly changes - 947 + 1,626 + 373 - 1,999 0 0 - 947
Mortgage-backed securities (3)
Holdings 0 0 0 277 9,610 1,745,310 1,755,197
Weekly changes 0 0 0 - 1 + 157 - 1,447 - 1,291
Repurchase agreements (4) 0 0 ... ... ... ... 0
Central bank liquidity swaps (5) 140 0 0 0 0 0 140
Reverse repurchase agreements (4) 331,299 0 ... ... ... ... 331,299
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
Oct 21, 2015
Mortgage-backed securities held outright (1) 1,755,197
Commitments to buy mortgage-backed securities (2) 18,888
Commitments to sell mortgage-backed securities (2) 0
Cash and cash equivalents (3) 2
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
Oct 21, 2015
Net portfolio holdings of Maiden Lane LLC (1) 1,705
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 Oct 21, 2015 Wednesday Wednesday
consolidation Oct 14, 2015 Oct 22, 2014
Assets
Gold certificate account 11,037 0 0
Special drawing rights certificate account 5,200 0 0
Coin 1,893 - 6 + 2
Securities, unamortized premiums and discounts,
repurchase agreements, and loans 4,427,602 - 2,624 + 22,575
Securities held outright (1) 4,251,180 - 2,275 + 36,838
U.S. Treasury securities 2,461,837 - 37 + 2,640
Bills (2) 0 0 0
Notes and bonds, nominal (2) 2,346,639 0 + 2,352
Notes and bonds, inflation-indexed (2) 98,534 0 + 65
Inflation compensation (3) 16,663 - 37 + 222
Federal agency debt securities (2) 34,146 - 947 - 5,554
Mortgage-backed securities (4) 1,755,197 - 1,291 + 39,752
Unamortized premiums on securities held outright
(5) 193,143 - 361 - 16,029
Unamortized discounts on securities held outright
(5) -16,907 + 46 + 1,819
Repurchase agreements (6) 0 0 0
Loans 187 - 33 - 53
Net portfolio holdings of Maiden Lane LLC (7) 1,705 0 + 34
Net portfolio holdings of TALF LLC (8) 0 0 - 24
Items in process of collection (0) 568 - 121 + 497
Bank premises 2,235 + 1 - 28
Central bank liquidity swaps (9) 140 - 5 + 140
Foreign currency denominated assets (10) 20,185 - 147 - 2,305
Other assets (11) 30,807 - 431 - 1,135
Total assets (0) 4,501,372 - 3,332 + 19,756
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 Oct 21, 2015 Wednesday Wednesday
consolidation Oct 14, 2015 Oct 22, 2014
Liabilities
Federal Reserve notes, net of F.R. Bank holdings 1,347,010 - 740 + 94,089
Reverse repurchase agreements (12) 331,299 + 68,853 + 95,383
Deposits (0) 2,756,719 - 69,516 - 172,219
Term deposits held by depository institutions 0 0 - 110,029
Other deposits held by depository institutions 2,675,588 - 44,393 - 4,018
U.S. Treasury, General Account 57,086 - 454 - 67,510
Foreign official 5,258 - 40 + 10
Other (13) (0) 18,786 - 24,630 + 9,328
Deferred availability cash items (0) 366 - 158 - 253
Other liabilities and accrued dividends (14) 7,380 - 1,786 + 614
Total liabilities (0) 4,442,774 - 3,347 + 17,615
Capital accounts
Capital paid in 29,299 + 8 + 1,071
Surplus 29,299 + 8 + 1,071
Other capital accounts 0 0 0
Total capital 58,598 + 15 + 2,141
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, October 21, 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 1,893 50 68 132 129 304 195 272 28 42 153 195 323
Securities, unamortized premiums and
discounts, repurchase agreements,
and loans 4,427,602 112,233 2,657,832 110,117 106,446 240,469 249,347 164,503 46,192 27,037 57,525 142,628 513,273
Securities held outright (1) 4,251,180 107,765 2,552,034 105,734 102,208 230,897 239,393 157,950 44,333 25,854 55,225 136,944 492,841
U.S. Treasury securities 2,461,837 62,406 1,477,870 61,230 59,188 133,711 138,631 91,468 25,673 14,972 31,981 79,304 285,402
Bills (2) 0 0 0 0 0 0 0 0 0 0 0 0 0
Notes and bonds (3) 2,461,837 62,406 1,477,870 61,230 59,188 133,711 138,631 91,468 25,673 14,972 31,981 79,304 285,402
Federal agency debt securities (2) 34,146 866 20,498 849 821 1,855 1,923 1,269 356 208 444 1,100 3,959
Mortgage-backed securities (4) 1,755,197 44,493 1,053,666 43,655 42,199 95,331 98,839 65,213 18,304 10,674 22,801 56,541 203,481
Unamortized premiums on securities held
outright (5) 193,143 4,896 115,946 4,804 4,644 10,490 10,876 7,176 2,014 1,175 2,509 6,222 22,391
Unamortized discounts on securities
held outright (5) -16,907 -429 -10,150 -421 -406 -918 -952 -628 -176 -103 -220 -545 -1,960
Repurchase agreements (6) 0 0 0 0 0 0 0 0 0 0 0 0 0
Loans 187 0 1 0 0 0 31 5 21 112 11 6 1
Net portfolio holdings of Maiden
Lane LLC (7) 1,705 0 1,705 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 568 0 0 0 0 0 567 0 0 0 0 0 0
Bank premises 2,235 127 438 73 106 214 208 204 118 93 238 220 196
Central bank liquidity swaps (9) 140 6 45 8 11 32 8 4 1 1 1 2 21
Foreign currency denominated
assets (10) 20,185 915 6,508 1,128 1,573 4,631 1,148 542 188 85 212 291 2,964
Other assets (11) 30,807 821 18,015 776 751 1,837 1,741 1,154 394 216 444 1,076 3,581
Interdistrict settlement account 0 - 14,233 - 109,340 + 5,393 + 21,366 + 41,732 - 4,558 + 23,061 + 11,623 + 4,563 + 2,433 + 8,621 + 9,339
Total assets 4,501,372 100,463 2,580,798 118,177 131,124 290,414 250,912 190,898 58,994 32,298 61,447 154,206 531,640
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, October 21, 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 1,532,761 48,884 500,715 49,929 83,540 106,644 215,635 104,621 52,338 26,985 41,197 117,057 185,216
Less: Notes held by F.R. Banks 185,751 6,193 60,745 6,802 9,793 13,006 23,624 11,401 4,832 3,120 4,781 14,441 27,013
Federal Reserve notes, net 1,347,010 42,691 439,970 43,127 73,747 93,638 192,011 93,220 47,506 23,865 36,416 102,616 158,203
Reverse repurchase agreements (12) 331,299 8,398 198,883 8,240 7,965 17,994 18,656 12,309 3,455 2,015 4,304 10,672 38,408
Deposits 2,756,719 46,540 1,918,987 63,317 44,646 164,965 36,222 83,450 7,304 5,883 19,960 39,783 325,660
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 2,675,588 46,530 1,846,373 63,315 44,643 164,688 36,212 75,288 7,266 5,883 19,959 39,779 325,652
U.S. Treasury, General Account 57,086 0 57,086 0 0 0 0 0 0 0 0 0 0
Foreign official 5,258 2 5,231 2 3 9 2 1 0 0 0 1 6
Other (13) 18,786 8 10,297 0 0 268 7 8,161 37 0 1 4 2
Deferred availability cash items 366 0 0 0 0 0 235 0 0 131 0 0 0
Interest on Federal Reserve notes due
to U.S. Treasury (14) 1,525 36 970 33 27 52 92 51 9 8 20 54 173
Other liabilities and accrued
dividends 5,856 194 2,775 227 246 610 391 289 138 144 137 214 490
Total liabilities 4,442,774 97,859 2,561,585 114,944 126,632 277,260 247,608 189,319 58,412 32,047 60,836 153,339 522,934
Capital
Capital paid in 29,299 1,302 9,606 1,617 2,246 6,577 1,652 789 291 126 305 433 4,353
Surplus 29,299 1,302 9,606 1,617 2,246 6,577 1,652 789 291 126 305 433 4,353
Other capital 0 0 0 0 0 0 0 0 0 0 0 0 0
Total liabilities and capital 4,501,372 100,463 2,580,798 118,177 131,124 290,414 250,912 190,898 58,994 32,298 61,447 154,206 531,640
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, October 21, 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
Oct 21, 2015
Federal Reserve notes outstanding 1,532,761
Less: Notes held by F.R. Banks not subject to collateralization 185,751
Federal Reserve notes to be collateralized 1,347,010
Collateral held against Federal Reserve notes 1,347,010
Gold certificate account 11,037
Special drawing rights certificate account 5,200
U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 1,330,773
Other assets pledged 0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 4,251,180
Less: Face value of securities under reverse repurchase agreements 304,390
U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,946,790
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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