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Release Date: November 5, 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 November 5, 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 Nov 4, 2015
Federal Reserve Banks Nov 4, 2015 Oct 28, 2015 Nov 5, 2014
Reserve Bank credit 4,451,741 - 6,568 + 6,625 4,451,649
Securities held outright (1) 4,240,018 - 6,455 + 20,850 4,240,008
U.S. Treasury securities 2,461,778 - 35 + 205 2,461,760
Bills (2) 0 0 0 0
Notes and bonds, nominal (2) 2,346,639 0 - 74 2,346,639
Notes and bonds, inflation-indexed (2) 98,534 0 + 65 98,534
Inflation compensation (3) 16,604 - 36 + 213 16,587
Federal agency debt securities (2) 34,146 0 - 5,554 34,146
Mortgage-backed securities (4) 1,744,095 - 6,418 + 26,201 1,744,102
Unamortized premiums on securities held outright (5) 192,222 - 543 - 16,730 192,064
Unamortized discounts on securities held outright (5) -16,853 + 31 + 1,825 -16,839
Repurchase agreements (6) 0 0 0 0
Loans 147 - 32 - 11 132
Primary credit 6 + 4 - 2 11
Secondary credit 0 0 0 0
Seasonal credit 141 - 36 - 9 121
Term Asset-Backed Securities Loan Facility (7) 0 0 0 0
Other credit extensions 0 0 0 0
Net portfolio holdings of Maiden Lane LLC (8) 1,713 + 7 + 34 1,713
Net portfolio holdings of TALF LLC (9) 0 0 - 24 0
Float 308 + 89 + 907 77
Central bank liquidity swaps (10) 143 + 3 + 142 143
Other Federal Reserve assets (11) 34,042 + 331 - 369 34,352
Foreign currency denominated assets (12) 19,747 - 58 - 2,252 19,555
Gold stock 11,041 0 0 11,041
Special drawing rights certificate account 5,200 0 0 5,200
Treasury currency outstanding (13) 47,397 + 14 + 1,154 47,397
Total factors supplying reserve funds 4,535,126 - 6,613 + 5,527 4,534,843
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 Nov 4, 2015
Federal Reserve Banks Nov 4, 2015 Oct 28, 2015 Nov 5, 2014
Currency in circulation (13) 1,396,921 + 4,393 + 94,705 1,401,127
Reverse repurchase agreements (14) 372,185 + 46,232 + 112,746 308,284
Foreign official and international accounts 199,888 + 12,601 + 93,517 200,878
Others 172,297 + 33,632 + 19,229 107,406
Treasury cash holdings 238 + 12 + 36 238
Deposits with F.R. Banks, other than reserve balances 57,768 - 41,727 - 286,010 70,292
Term deposits held by depository institutions 0 0 - 219,144 0
U.S. Treasury, General Account 29,795 - 17,305 - 81,587 44,215
Foreign official 5,270 + 9 + 17 5,281
Other (15) 22,703 - 24,431 + 14,704 20,796
Other liabilities and capital (16) 65,447 - 330 + 2,545 65,051
Total factors, other than reserve balances,
absorbing reserve funds 1,892,560 + 8,582 - 75,977 1,844,992
Reserve balances with Federal Reserve Banks 2,642,566 - 15,196 + 81,504 2,689,851
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 Nov 4, 2015
Nov 4, 2015 Oct 28, 2015 Nov 5, 2014
Securities held in custody for foreign official and
international accounts 3,283,763 - 8,596 - 19,094 3,284,048
Marketable U.S. Treasury securities (1) 2,962,408 - 7,906 - 13,793 2,962,589
Federal agency debt and mortgage-backed securities (2) 275,313 - 778 - 9,579 275,388
Other securities (3) 46,042 + 88 + 4,277 46,071
Securities lent to dealers 16,210 - 227 + 6,657 15,431
Overnight facility (4) 16,210 - 227 + 6,657 15,431
U.S. Treasury securities 16,159 - 217 + 7,296 15,376
Federal agency debt securities 51 - 10 - 639 55
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, November 4, 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 40 92 0 0 0 ... 132
U.S. Treasury securities (1)
Holdings 326 1,912 178,399 1,130,239 512,967 637,917 2,461,760
Weekly changes + 326 + 1,585 + 4,616 - 5,470 - 1,070 - 26 - 40
Federal agency debt securities (2)
Holdings 1,202 1,626 12,825 16,146 0 2,347 34,146
Weekly changes + 1,202 - 1,202 0 0 0 0 0
Mortgage-backed securities (3)
Holdings 0 0 0 394 9,277 1,734,431 1,744,102
Weekly changes 0 0 0 + 125 - 97 - 17 + 11
Repurchase agreements (4) 0 0 ... ... ... ... 0
Central bank liquidity swaps (5) 143 0 0 0 0 0 143
Reverse repurchase agreements (4) 308,284 0 ... ... ... ... 308,284
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
Nov 4, 2015
Mortgage-backed securities held outright (1) 1,744,102
Commitments to buy mortgage-backed securities (2) 28,934
Commitments to sell mortgage-backed securities (2) 0
Cash and cash equivalents (3) 21
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
Nov 4, 2015
Net portfolio holdings of Maiden Lane LLC (1) 1,713
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 September 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 Nov 4, 2015 Wednesday Wednesday
consolidation Oct 28, 2015 Nov 5, 2014
Assets
Gold certificate account 11,037 0 0
Special drawing rights certificate account 5,200 0 0
Coin 1,886 + 2 + 3
Securities, unamortized premiums and discounts,
repurchase agreements, and loans 4,415,364 - 403 + 5,934
Securities held outright (1) 4,240,008 - 29 + 20,831
U.S. Treasury securities 2,461,760 - 40 + 179
Bills (2) 0 0 0
Notes and bonds, nominal (2) 2,346,639 0 - 74
Notes and bonds, inflation-indexed (2) 98,534 0 + 65
Inflation compensation (3) 16,587 - 39 + 187
Federal agency debt securities (2) 34,146 0 - 5,554
Mortgage-backed securities (4) 1,744,102 + 11 + 26,206
Unamortized premiums on securities held outright
(5) 192,064 - 369 - 16,706
Unamortized discounts on securities held outright
(5) -16,839 + 32 + 1,823
Repurchase agreements (6) 0 0 0
Loans 132 - 35 - 13
Net portfolio holdings of Maiden Lane LLC (7) 1,713 - 3 + 34
Net portfolio holdings of TALF LLC (8) 0 0 - 24
Items in process of collection (0) 452 - 7 + 377
Bank premises 2,231 - 5 - 29
Central bank liquidity swaps (9) 143 + 3 + 142
Foreign currency denominated assets (10) 19,555 - 284 - 2,200
Other assets (11) 32,121 + 1,059 - 1,121
Total assets (0) 4,489,702 + 363 + 3,117
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 Nov 4, 2015 Wednesday Wednesday
consolidation Oct 28, 2015 Nov 5, 2014
Liabilities
Federal Reserve notes, net of F.R. Bank holdings 1,355,849 + 6,111 + 92,863
Reverse repurchase agreements (12) 308,284 - 36,526 + 83,689
Deposits (0) 2,760,143 + 30,994 - 175,718
Term deposits held by depository institutions 0 0 - 219,144
Other deposits held by depository institutions 2,689,851 + 21,664 + 89,633
U.S. Treasury, General Account 44,215 + 8,629 - 59,989
Foreign official 5,281 + 8 + 33
Other (13) (0) 20,796 + 694 + 13,749
Deferred availability cash items (0) 375 - 196 - 408
Other liabilities and accrued dividends (14) 6,423 - 51 + 543
Total liabilities (0) 4,431,075 + 333 + 971
Capital accounts
Capital paid in 29,314 + 16 + 1,074
Surplus 29,314 + 16 + 1,074
Other capital accounts 0 0 0
Total capital 58,627 + 30 + 2,146
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, November 4, 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 1,886 48 71 130 128 300 194 273 31 42 152 193 325
Securities, unamortized premiums and
discounts, repurchase agreements,
and loans 4,415,364 111,924 2,650,517 109,814 106,153 239,807 248,656 164,058 46,053 26,924 57,364 142,234 511,860
Securities held outright (1) 4,240,008 107,482 2,545,328 105,456 101,940 230,290 238,764 157,535 44,217 25,786 55,080 136,585 491,546
U.S. Treasury securities 2,461,760 62,404 1,477,824 61,228 59,187 133,707 138,627 91,465 25,672 14,971 31,980 79,301 285,393
Bills (2) 0 0 0 0 0 0 0 0 0 0 0 0 0
Notes and bonds (3) 2,461,760 62,404 1,477,824 61,228 59,187 133,707 138,627 91,465 25,672 14,971 31,980 79,301 285,393
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) 1,744,102 44,212 1,047,006 43,379 41,932 94,728 98,214 64,801 18,188 10,607 22,657 56,183 202,195
Unamortized premiums on securities held
outright (5) 192,064 4,869 115,298 4,777 4,618 10,432 10,816 7,136 2,003 1,168 2,495 6,187 22,266
Unamortized discounts on securities
held outright (5) -16,839 -427 -10,109 -419 -405 -915 -948 -626 -176 -102 -219 -542 -1,952
Repurchase agreements (6) 0 0 0 0 0 0 0 0 0 0 0 0 0
Loans 132 0 0 0 0 0 26 12 9 72 8 5 0
Net portfolio holdings of Maiden
Lane LLC (7) 1,713 0 1,713 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 452 0 0 0 0 0 451 0 0 1 0 0 0
Bank premises 2,231 125 438 74 106 213 207 204 118 92 238 220 196
Central bank liquidity swaps (9) 143 6 46 8 11 33 8 4 1 1 2 2 21
Foreign currency denominated
assets (10) 19,555 886 6,306 1,092 1,524 4,487 1,112 525 182 82 206 282 2,871
Other assets (11) 32,121 855 18,806 809 786 1,907 1,830 1,211 423 223 464 1,069 3,738
Interdistrict settlement account 0 - 10,305 - 193,976 + 7,403 + 28,641 + 57,751 + 3,083 + 23,023 + 13,316 + 6,206 + 6,027 + 16,696 + 42,136
Total assets 4,489,702 104,083 2,489,447 119,880 138,091 305,692 257,796 190,456 60,575 33,832 64,893 161,868 563,090
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, November 4, 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 1,537,567 48,874 500,272 49,938 83,704 107,574 217,298 104,332 52,233 27,100 41,192 117,755 187,294
Less: Notes held by F.R. Banks 181,717 5,882 62,580 6,438 9,438 12,238 23,155 10,643 4,674 3,010 4,607 13,636 25,416
Federal Reserve notes, net 1,355,849 42,991 437,692 43,500 74,267 95,335 194,144 93,689 47,559 24,090 36,585 104,119 161,877
Reverse repurchase agreements (12) 308,284 7,815 185,067 7,668 7,412 16,744 17,360 11,454 3,215 1,875 4,005 9,931 35,740
Deposits 2,760,143 50,478 1,844,227 65,254 51,674 179,862 42,291 83,421 9,068 7,363 23,551 46,718 356,234
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 2,689,851 50,469 1,782,470 65,252 51,671 179,607 42,281 75,218 9,030 7,363 23,550 46,713 356,226
U.S. Treasury, General Account 44,215 0 44,215 0 0 0 0 0 0 0 0 0 0
Foreign official 5,281 2 5,254 2 3 9 2 1 0 0 0 1 6
Other (13) 20,796 8 12,288 0 0 246 7 8,202 38 0 1 4 2
Deferred availability cash items 375 0 0 0 0 0 264 0 0 111 0 0 0
Interest on Federal Reserve notes due
to U.S. Treasury (14) 1,642 35 1,077 28 22 31 99 72 17 4 20 58 181
Other liabilities and accrued
dividends 4,781 157 2,167 197 222 565 319 241 129 137 122 174 350
Total liabilities 4,431,075 101,476 2,470,231 116,646 133,598 292,538 254,477 188,878 59,987 33,580 64,283 161,000 554,382
Capital
Capital paid in 29,314 1,303 9,608 1,617 2,246 6,577 1,660 789 294 126 305 434 4,354
Surplus 29,314 1,303 9,608 1,617 2,246 6,577 1,660 789 294 126 305 434 4,354
Other capital 0 0 0 0 0 0 0 0 0 0 0 0 0
Total liabilities and capital 4,489,702 104,083 2,489,447 119,880 138,091 305,692 257,796 190,456 60,575 33,832 64,893 161,868 563,090
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, November 4, 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
Nov 4, 2015
Federal Reserve notes outstanding 1,537,567
Less: Notes held by F.R. Banks not subject to collateralization 181,717
Federal Reserve notes to be collateralized 1,355,849
Collateral held against Federal Reserve notes 1,355,849
Gold certificate account 11,037
Special drawing rights certificate account 5,200
U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 1,339,613
Other assets pledged 0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 4,240,008
Less: Face value of securities under reverse repurchase agreements 298,515
U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,941,493
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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