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FEDERAL RESERVE statistical release

For Release at

4:30 P.M. EDT

June 12, 2014

Table 10 line items "Less: Face value of securities under reverse repurchase agreements" and "U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged" have been corrected to include securities pledged as collateral for tri-party reverse repurchase agreements.

The revised data are reported at the following link: http://www.federalreserve.gov/releases/h41/2014update.htm.

Historical data incorporating this correction can be accessed through the Data Download Program (DDP) at http://www.federalreserve.gov/datadownload/Choose.aspx?rel=H41.

FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks

April 3, 2014

1. Factors Affecting Reserve Balances of Depository Institutions

Millions of dollars

Reserve Bank credit, related items, and
reserve balances of depository institutions at
Federal Reserve Banks

Averages of daily figures

Wednesday
Apr 2, 2014

Week ended
Apr 2, 2014

Change from week ended

Mar 26, 2014

Apr 3, 2013

Reserve Bank credit

4,191,520

+    4,693

+1,026,272

4,193,417

Securities held outright1

3,968,932

+    5,282

+1,026,312

3,971,104

U.S. Treasury securities

2,318,482

+    9,504

+  519,242

2,320,653

Bills2

         0

         0

         0

         0

Notes and bonds, nominal2

2,209,963

+    9,412

+  500,515

2,212,100

Notes and bonds, inflation-indexed2

    94,565

         0

+   15,686

    94,565

Inflation compensation3

    13,953

+       91

+    3,040

    13,987

Federal agency debt securities2

    47,343

         0

-   25,080

    47,343

Mortgage-backed securities4

1,603,108

-    4,221

+  532,151

1,603,108

Unamortized premiums on securities held outright5

   209,737

-      286

+   18,745

   209,648

Unamortized discounts on securities held outright5

   -17,022

-      412

-   15,368

   -17,157

Repurchase agreements6

         0

         0

         0

         0

Loans

       102

-        4

-      290

        97

Primary credit

         8

-        4

         0

         0

Secondary credit

         0

         0

         0

         0

Seasonal credit

        11

+        1

+        9

        15

Term Asset-Backed Securities Loan Facility7

        82

-        2

-      300

        82

Other credit extensions

         0

         0

         0

         0

Net portfolio holdings of Maiden Lane LLC8

     1,584

-        1

+      182

     1,584

Net portfolio holdings of Maiden Lane II LLC9

        63

         0

-        1

        63

Net portfolio holdings of Maiden Lane III LLC10

        22

         0

         0

        22

Net portfolio holdings of TALF LLC11

       105

         0

-      294

       105

Float

      -592

-       51

+       84

      -709

Central bank liquidity swaps12

       407

-       52

-    7,649

       407

Other Federal Reserve assets13

    28,181

+      216

+    4,549

    28,253

Foreign currency denominated assets14

    24,027

-       65

+      218

    24,013

Gold stock

    11,041

         0

         0

    11,041

Special drawing rights certificate account

     5,200

         0

         0

     5,200

Treasury currency outstanding15

    45,720

+       14

+      749

    45,720

Total factors supplying reserve funds

4,277,508

+    4,641

+1,027,239

4,279,392

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
reserve balances of depository institutions at
Federal Reserve Banks

Averages of daily figures

Wednesday
Apr 2, 2014

Week ended
Apr 2, 2014

Change from week ended

Mar 26, 2014

Apr 3, 2013

Currency in circulation15

1,268,695

+    1,463

+   90,908

1,270,466

Reverse repurchase agreements16

   233,626

+   45,591

+  133,470

   197,200

Foreign official and international accounts

    96,705

+    1,114

-    3,414

    91,155

Others

   136,921

+   44,477

+  136,884

   106,045

Treasury cash holdings

       278

+        3

+       48

       269

Deposits with F.R. Banks, other than reserve balances

   130,583

-   11,501

+   24,964

   137,682

Term deposits held by depository institutions

    14,251

-    1,162

+   11,206

    14,251

U.S. Treasury, General Account

    96,163

-    5,877

+   20,019

   107,199

Foreign official

     6,984

-        2

-    2,205

     6,980

Other17

    13,185

-    4,460

-    4,055

     9,252

Other liabilities and capital18

    62,954

-       49

-    2,423

    62,007

Total factors, other than reserve balances,
absorbing reserve funds

1,696,136

+   35,506

+  246,968

1,667,624

Reserve balances with Federal Reserve Banks

2,581,373

-   30,864

+  780,272

2,611,768

Note: Components may not sum to totals because of rounding.

1.

Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.

2.

Face value of the securities.

3.

Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed securities.

4.

Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the remaining principal balance of
the securities.

5.

Reflects the premium or discount, which is the difference between the purchase price and the face value of the securities that has not been amortized.  For U.S. Treasury and Federal agency debt securities, amortization is on a straight-line basis.  For mortgage-backed securities, amortization is on an effective-interest basis.

6.

Cash value of agreements.

7.

Includes credit extended by the Federal Reserve Bank of New York to eligible borrowers through the Term Asset-Backed Securities Loan Facility.

8.

Refer to table 4 and the note on consolidation accompanying table 9.

9.

Refer to table 5 and the note on consolidation accompanying table 9.

10.

Refer to table 6 and the note on consolidation accompanying table 9.

11.

Refer to table 7 and the note on consolidation accompanying table 9.

12.

Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned
to the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the
foreign central bank.

13.

Includes accrued interest, which represents the daily accumulation of interest earned, and other accounts receivable.  Also, includes Reserve Bank premises and equipment net of allowances for depreciation.

14.

Revalued daily at current foreign currency exchange rates.

15.

Estimated.

16.

Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.

17.

Includes deposits held at the Reserve Banks by international and multilateral organizations, government-sponsored enterprises, and designated financial market utilities.

18.

Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to entities other than the Federal Reserve Bank of New York, including liabilities that have recourse only to the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note on consolidation accompanying table 9. Also includes the liability for interest on Federal Reserve notes due to U.S. Treasury. Refer to table 8 and table 9.

Sources: Federal Reserve Banks and the U.S. Department of the Treasury.



1A. Memorandum Items

Millions of dollars

Memorandum item

Averages of daily figures

Wednesday
Apr 2, 2014

Week ended
Apr 2, 2014

Change from week ended

Mar 26, 2014

Apr 3, 2013

Securities held in custody for foreign official and international accounts

3,294,032

+   37,811

-    1,431

3,299,347

Marketable U.S. Treasury securities1

2,951,211

+   38,524

-    5,629

2,957,095

Federal agency debt and mortgage-backed securities2

   299,218

-      313

-    1,403

   299,215

Other securities3

    43,602

-      401

+    5,599

    43,037

Securities lent to dealers

    14,288

-    2,310

-    9,482

    13,101

Overnight facility4

    14,288

-    2,310

-    9,482

    13,101

U.S. Treasury securities

    12,957

-    2,339

-    9,717

    11,784

Federal agency debt securities

     1,330

+       28

+      235

     1,317

Note: Components may not sum to totals because of rounding.

1.

Includes securities and U.S. Treasury STRIPS at face value, and inflation compensation on TIPS. Does not include securities pledged as collateral to foreign official and international account holders against reverse repurchase agreements with the Federal Reserve presented in tables 1, 8, and 9.

2.

Face value of federal agency securities and current face value of mortgage-backed securities, which is the remaining principal balance of the securities.

3.

Includes non-marketable U.S. Treasury securities, supranationals, corporate bonds, asset-backed securities, and commercial paper at face value.

4.

Face value. Fully collateralized by U.S. Treasury securities.


2. Maturity Distribution of Securities, Loans, and Selected Other Assets and Liabilities, April 2, 2014

Millions of dollars

Remaining Maturity

Within 15
days

16 days to
90 days

91 days to
1 year

Over 1 year
to 5 years

Over 5 year
to 10 years

Over 10
years

All

Loans1

         0

        15

        82

         0

         0

...

        97

U.S. Treasury securities2

Holdings

         0

        39

       142

   849,904

   853,179

   617,389

2,320,653

Weekly changes

-        1

+        1

         0

+   17,974

-   11,100

+    2,241

+    9,114

Federal agency debt securities3

Holdings

       749

     2,935

     6,782

    34,530

         0

     2,347

    47,343

Weekly changes

+      749

-      749

         0

         0

         0

         0

         0

Mortgage-backed securities4

Holdings

         0

         0

         0

         6

     2,901

1,600,201

1,603,108

Weekly changes

         0

         0

         0

+        1

-        1

+        4

+        4

Asset-backed securities held by
TALF LLC5

         0

         0

         0

         0

         0

         0

         0

Repurchase agreements6

         0

         0

...

...

...

...

         0

Central bank liquidity swaps7

         0

       407

         0

         0

         0

         0

       407

Reverse repurchase agreements6

   197,200

         0

...

...

...

...

   197,200

Term deposits

    14,251

         0

         0

...

...

...

    14,251

Note: Components may not sum to totals because of rounding.
...Not applicable.

1.

Excludes the loans from the Federal Reserve Bank of New York (FRBNY) to Maiden Lane LLC, Maiden Lane II LLC, Maiden
Lane III LLC, and TALF LLC. The loans were eliminated when preparing the FRBNY's statement of condition consistent with consolidation
under generally accepted accounting principles.

2.

Face value. For inflation-indexed securities, includes the original face value and compensation that adjusts for the effect of inflation on the
original face value of such securities.

3.

Face value.

4.

Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the remaining principal balance of the securities.

5.

Face value of asset-backed securities held by TALF LLC, which is the remaining principal balance of the underlying assets.

6.

Cash value of agreements.

7.

Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to
the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the foreign
central bank.


3. Supplemental Information on Mortgage-Backed Securities

Millions of dollars

Account name

Wednesday

Apr 2, 2014

Mortgage-backed securities held outright1

1,603,108

Commitments to buy mortgage-backed securities2

    55,302

Commitments to sell mortgage-backed securities2

         0

Cash and cash equivalents3

         5

1.

Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the remaining principal balance of the securities.

2.

Current face value. Generally settle within 180 days and include commitments associated with outright transactions, dollar rolls, and coupon swaps.

3.

This amount is included in other Federal Reserve assets in table 1 and in other assets in table 8 and table 9.


4. Information on Principal Accounts of Maiden Lane LLC

Millions of dollars

Account name

Wednesday

Apr 2, 2014

Net portfolio holdings of Maiden Lane LLC1

     1,584

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2

         0

Accrued interest payable to the Federal Reserve Bank of New York2

         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 December 31, 2013. Any assets purchased after
this valuation date are initially recorded at cost until their estimated fair value as of the purchase date becomes available.

2.

Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9.

3.

Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 8 and table 9.

Note: On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended credit to Maiden Lane LLC under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to acquire certain assets of Bear Stearns and to manage those assets through time to maximize repayment of the credit extended and to minimize disruption to financial markets. Payments by Maiden Lane LLC from the proceeds of the net portfolio holdings will be made in the following order: operating expenses of the LLC, principal due to the FRBNY, interest due to the FRBNY, principal due to JPMorgan Chase & Co., and interest due to JPMorgan Chase & Co. Any remaining funds will be paid to the FRBNY.

5. Information on Principal Accounts of Maiden Lane II LLC

Millions of dollars

Account name

Wednesday

Apr 2, 2014

Net portfolio holdings of Maiden Lane II LLC1

        63

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2

         0

Accrued interest payable to the Federal Reserve Bank of New York2

         0

Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc.3

         0

1.

Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of December 31, 2013. Any assets purchased after
this valuation date are initially recorded at cost until their estimated fair value as of the purchase date becomes available.

2.

Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9.

3.

Book value. The deferred payment represents the portion of the proceeds of the net portfolio holdings due to subsidiaries of American
International Group, Inc. in accordance with the asset purchase agreement. The fair value of this payment and accrued interest payable are
included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 8 and table 9.

Note: On December 12, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden Lane II LLC under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to purchase residential mortgage-backed securities from the U.S. securities lending reinvestment portfolio of subsidiaries of American International Group, Inc. (AIG subsidiaries). Payments by Maiden Lane II LLC from the proceeds of the net portfolio holdings will be made in the following order: operating expenses of Maiden Lane II LLC, principal due to the FRBNY, interest due to the FRBNY, and deferred payment and interest due to AIG subsidiaries. Any remaining funds will be shared by the FRBNY and AIG subsidiaries.


6. Information on Principal Accounts of Maiden Lane III LLC

Millions of dollars

Account name

Wednesday

Apr 2, 2014

Net portfolio holdings of Maiden Lane III LLC1

        22

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2

         0

Accrued interest payable to the Federal Reserve Bank of New York2

         0

Outstanding principal amount and accrued interest on loan payable to American International Group, Inc.3

         0

1.

Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of December 31, 2013. Any assets purchased after
this valuation date are initially recorded at cost until their estimated fair value as of the purchase date becomes available.

2.

Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9.

3.

Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 8 and table 9.

Note: On November 25, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden Lane III LLC under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to purchase multi-sector collateralized debt obligations (CDOs) on which the Financial Products group of American International Group, Inc. (AIG) has written credit default swap (CDS) contracts. In connection with the purchase of CDOs, the CDS counterparties will concurrently unwind the related CDS transactions. Payments by Maiden Lane III LLC from the proceeds of the net portfolio holdings will be made in the following order: operating expenses of Maiden Lane III LLC, principal due to the FRBNY, interest due to the FRBNY, principal due to AIG, and interest due to AIG. Any remaining funds will be shared by the FRBNY and AIG.

7. Information on Principal Accounts of TALF LLC

Millions of dollars

Account name

Wednesday

Apr 2, 2014

Asset-backed securities holdings1

         0

Other investments, net

       105

Net portfolio holdings of TALF LLC

       105

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2

         0

Accrued interest payable to the Federal Reserve Bank of New York2

         0

Funding provided by U.S. Treasury to TALF LLC, including accrued interest payable3

         0

1.

Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an orderly market on the measurement date.

2.

Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9.

3.

Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 8 and table 9.

Note: On November 25, 2008, the Federal Reserve announced the creation of the Term Asset-Backed Securities Loan Facility (TALF) under the authority of section 13(3) of the Federal Reserve Act. The TALF is a facility under which the Federal Reserve Bank of New York (FRBNY) extended loans with a term of up to five years to holders of eligible asset-backed securities. The Federal Reserve closed the TALF for new loan extensions in 2010. The loans provided through the TALF to eligible borrowers are non-recourse, meaning that the obligation of the borrower can be discharged by surrendering the collateral to the FRBNY.

TALF LLC is a limited liability company formed to purchase and manage any asset-backed securities received by the FRBNY in connection with the decision of a borrower not to repay a TALF loan. TALF LLC has committed, for a fee, to purchase all asset-backed securities received by the FRBNY in conjunction with a TALF loan at a price equal to the TALF loan plus accrued but unpaid interest. Prior to January 15, 2013, the U.S. Treasury's Troubled Asset Relief Program (TARP) committed backup funding to TALF LLC, providing credit protection to the FRBNY. However, the accumulated fees and income collected through the TALF and held by TALF LLC now exceed the remaining amount of TALF loans outstanding. Accordingly, the TARP credit protection commitment has been terminated, and TALF LLC has begun to distribute excess proceeds to the Treasury and the FRBNY. Any remaining funds will be shared by the FRBNY and the U.S. Treasury.


8. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Assets, liabilities, and capital

Eliminations from consolidation

Wednesday
Apr 2, 2014

Change since

Wednesday

Wednesday

Mar 26, 2014

Apr 3, 2013

Assets

Gold certificate account

    11,037

         0

         0

Special drawing rights certificate account

     5,200

         0

         0

Coin

     1,939

+        1

-      158

Securities, unamortized premiums and discounts, repurchase agreements, and loans

4,163,692

+    8,439

+1,024,363

Securities held outright1

3,971,104

+    9,119

+1,022,068

U.S. Treasury securities

2,320,653

+    9,114

+  515,014

Bills2

         0

         0

         0

Notes and bonds, nominal2

2,212,100

+    9,022

+  496,309

Notes and bonds, inflation-indexed2

    94,565

         0

+   15,686

Inflation compensation3

    13,987

+       91

+    3,018

Federal agency debt securities2

    47,343

         0

-   25,080

Mortgage-backed securities4

1,603,108

+        4

+  532,134

Unamortized premiums on securities held outright5

   209,648

-      298

+   18,109

Unamortized discounts on securities held outright5

   -17,157

-      374

-   15,517

Repurchase agreements6

         0

         0

         0

Loans

        97

-        8

-      297

Net portfolio holdings of Maiden Lane LLC7

     1,584

-        1

+      182

Net portfolio holdings of Maiden Lane II LLC8

        63

         0

-        1

Net portfolio holdings of Maiden Lane III LLC9

        22

         0

         0

Net portfolio holdings of TALF LLC10

       105

         0

-      294

Items in process of collection

(0)

       125

+       34

-        2

Bank premises

     2,269

-        7

-       28

Central bank liquidity swaps11

       407

-       52

-    7,649

Foreign currency denominated assets12

    24,013

-       88

+      105

Other assets13

    25,985

+    1,144

+    4,490

Total assets

(0)

4,236,441

+    9,470

+1,021,009

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.


8. Consolidated Statement of Condition of All Federal Reserve Banks (continued)

Millions of dollars

Assets, liabilities, and capital

Eliminations from consolidation

Wednesday
Apr 2, 2014

Change since

Wednesday

Wednesday

Mar 26, 2014

Apr 3, 2013

Liabilities

Federal Reserve notes, net of F.R. Bank holdings

1,226,950

+    2,154

+   90,007

Reverse repurchase agreements14

   197,200

-      595

+  103,033

Deposits

(0)

2,749,450

+    7,508

+  831,032

Term deposits held by depository institutions

    14,251

-    1,162

+   11,206

Other deposits held by depository institutions

2,611,768

+      599

+  773,938

U.S. Treasury, General Account

   107,199

+   18,132

+   47,139

Foreign official

     6,980

-       48

-    2,206

Other15

(0)

     9,252

-   10,013

+      954

Deferred availability cash items

(0)

       834

+      161

-       45

Other liabilities and accrued dividends16

     5,907

+      242

-    3,987

Total liabilities

(0)

4,180,341

+    9,471

+1,020,041

Capital accounts

Capital paid in

    28,050

         0

+      484

Surplus

    28,050

         0

+      484

Other capital accounts

         0

         0

         0

Total capital

    56,100

-        1

+      968

Note: Components may not sum to totals because of rounding.

1.

Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.

2.

Face value of the securities.

3.

Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed securities.

4.

Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the remaining principal balance of the securities.

5.

Reflects the premium or discount, which is the difference between the purchase price and the face value of the securities that has not been amortized.  For U.S. Treasury and Federal agency debt securities, amortization is on a straight-line basis.  For mortgage-backed securities, amortization is on an effective-interest basis.

6.

Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.

7.

Refer to table 4 and the note on consolidation accompanying table 9.

8.

Refer to table 5 and the note on consolidation accompanying table 9.

9.

Refer to table 6 and the note on consolidation accompanying table 9.

10.

Refer to table 7 and the note on consolidation accompanying table 9.

11.

Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to
the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the foreign
central bank.

12.

Revalued daily at current foreign currency exchange rates.

13.

Includes accrued interest, which represents the daily accumulation of interest earned, and other accounts receivable.

14.

Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.

15.

Includes deposits held at the Reserve Banks by international and multilateral organizations, government-sponsored enterprises, and designated financial market utilities.

16.

Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to entities other than the Federal
Reserve Bank of New York, including liabilities that have recourse only to the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note on consolidation accompanying table 9. Also includes the liability for interest on Federal Reserve notes due to U.S. Treasury.


9. Statement of Condition of Each Federal Reserve Bank, April 2, 2014

Millions of dollars

Assets, liabilities, and capital

Total

Boston

New York

Philadelphia

Cleveland

Richmond

Atlanta

Chicago

St. Louis

Minneapolis

Kansas

Dallas

San

City

Francisco

Assets

Gold certificate account

    11,037

       391

     3,925

       397

       512

       856

     1,421

       792

       310

       190

       309

       728

     1,206

Special drawing rights certificate acct.

     5,200

       196

     1,818

       210

       237

       412

       654

       424

       150

        90

       153

       282

       574

Coin

     1,939

        36

        94

       125

       126

       334

       221

       276

        23

        48

       153

       175

       327

Securities, unamortized premiums and discounts, repurchase agreements,
and loans

4,163,692

   108,874

2,308,966

   120,637

   106,334

   258,896

   276,582

   224,991

    66,993

    39,519

    78,771

   161,683

   411,446

Securities held outright1

3,971,104

   103,840

2,202,140

   115,060

   101,418

   246,926

   263,795

   214,584

    63,896

    37,683

    75,129

   154,208

   392,424

U.S. Treasury securities

2,320,653

    60,683

1,286,897

    67,239

    59,267

   144,300

   154,158

   125,400

    37,340

    22,021

    43,904

    90,117

   229,327

Bills2

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Notes and bonds3

2,320,653

    60,683

1,286,897

    67,239

    59,267

   144,300

   154,158

   125,400

    37,340

    22,021

    43,904

    90,117

   229,327

Federal agency debt securities2

    47,343

     1,238

    26,254

     1,372

     1,209

     2,944

     3,145

     2,558

       762

       449

       896

     1,838

     4,678

Mortgage-backed securities4

1,603,108

    41,920

   888,989

    46,449

    40,942

    99,683

   106,492

    86,626

    25,794

    15,212

    30,329

    62,253

   158,419

Unamortized premiums on securities held outright5

   209,648

     5,482

   116,258

     6,074

     5,354

    13,036

    13,927

    11,329

     3,373

     1,989

     3,966

     8,141

    20,717

Unamortized discounts on securities held outright5

   -17,157

      -449

    -9,514

      -497

      -438

    -1,067

    -1,140

      -927

      -276

      -163

      -325

      -666

    -1,695

Repurchase agreements6

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Loans

        97

         0

        82

         0

         0

         0

         0

         5

         0

         9

         1

         0

         0

Net portfolio holdings of Maiden

Lane LLC7

     1,584

         0

     1,584

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Net portfolio holdings of Maiden

Lane II LLC8

        63

         0

        63

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Net portfolio holdings of Maiden

Lane III LLC9

        22

         0

        22

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Net portfolio holdings of TALF LLC10

       105

         0

       105

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Items in process of collection

       125

         1

         0

         0

         0

         0

       124

         0

         0

         0

         0

         0

         0

Bank premises

     2,269

       122

       427

        72

       110

       226

       210

       200

       125

        99

       245

       230

       202

Central bank liquidity swaps11

       407

        19

       131

        31

        32

        85

        23

        11

         3

         2

         4

         7

        59

Foreign currency denominated assets12

    24,013

     1,089

     7,774

     1,800

     1,904

     4,992

     1,376

       661

       201

       101

       252

       400

     3,464

Other assets13

    25,985

       707

    14,083

       875

       660

     1,760

     1,710

     1,377

       474

       310

       505

     1,009

     2,514

Interdistrict settlement account

         0

-   19,239

+  231,242

-    5,544

-   19,708

-   27,118

-   47,223

-   74,138

-   20,866

-   14,901

-   26,431

-   23,540

+   47,465

Total assets

4,236,441

    92,195

2,570,234

   118,603

    90,207

   240,442

   235,100

   154,595

    47,414

    25,458

    53,962

   140,975

   467,257

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.


9. Statement of Condition of Each Federal Reserve Bank, April 2, 2014 (continued)

Millions of dollars

Assets, liabilities, and capital

Total

Boston

New York

Philadelphia

Cleveland

Richmond

Atlanta

Chicago

St. Louis

Minneapolis

Kansas

Dallas

San

City

Francisco

Liabilities

Federal Reserve notes outstanding

1,427,845

    44,793

   522,433

    43,244

    60,830

   103,086

   187,053

    88,107

    36,975

    21,130

    37,179

   118,274

   164,743

Less: Notes held by F.R. Banks

   200,896

     4,420

    55,993

     4,709

     7,821

    10,099

    19,842

    13,121

     4,846

     6,662

     9,006

    35,758

    28,617

Federal Reserve notes, net

1,226,950

    40,373

   466,439

    38,535

    53,010

    92,987

   167,211

    74,985

    32,128

    14,469

    28,173

    82,516

   136,125

Reverse repurchase agreements14

   197,200

     5,157

   109,355

     5,714

     5,036

    12,262

    13,100

    10,656

     3,173

     1,871

     3,731

     7,658

    19,487

Deposits

2,749,450

    43,940

1,973,388

    69,906

    27,538

   123,170

    50,381

    67,072

    11,452

     8,691

    21,323

    49,618

   302,971

Term deposits held by depository institutions

    14,251

        10

    10,650

         0

         0

        15

       655

     1,355

        49

        52

         5

       205

     1,255

Other deposits held by depository institutions

2,611,768

    43,927

1,839,617

    69,875

    27,535

   122,912

    49,718

    65,710

    11,403

     8,639

    21,312

    49,412

   301,709

U.S. Treasury, General Account

   107,199

         0

   107,199

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Foreign official

     6,980

         2

     6,953

         3

         3

         8

         2

         1

         0

         0

         0

         1

         6

Other15

     9,252

         1

     8,968

        28

         0

       235

         6

         6

         0

         0

         5

         0

         1

Deferred availability cash items

       834

         0

         0

         0

         0

         0

       770

         0

         0

        65

         0

         0

         0

Interest on Federal Reserve notes due
to U.S. Treasury16

     1,725

        39

     1,009

        33

        20

        59

       136

       106

        36

        19

        37

        77

       154

Other liabilities and accrued
dividends17

     4,182

       152

     1,687

       196

       192

       490

       319

       256

       130

       111

       113

       184

       352

Total liabilities

4,180,341

    89,660

2,551,878

   114,383

    85,796

   228,968

   231,917

   153,074

    46,920

    25,226

    53,377

   140,052

   459,091

Capital

Capital paid in

    28,050

     1,268

     9,178

     2,110

     2,206

     5,737

     1,591

       760

       247

       116

       292

       462

     4,083

Surplus

    28,050

     1,268

     9,178

     2,110

     2,206

     5,737

     1,591

       760

       247

       116

       292

       462

     4,083

Other capital

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Total liabilities and capital

4,236,441

    92,195

2,570,234

   118,603

    90,207

   240,442

   235,100

   154,595

    47,414

    25,458

    53,962

   140,975

   467,257

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.


9. Statement of Condition of Each Federal Reserve Bank, April 2, 2014 (continued)

1.

Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.

2.

Face value of the securities.

3.

Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face value of such securities.

4.

Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the remaining principal balance of the securities.

5.

Reflects the premium or discount, which is the difference between the purchase price and the face value of the securities that has not been amortized.  For U.S. Treasury and Federal agency debt securities, amortization is on a straight-line basis.  For mortgage-backed securities, amortization is on an effective-interest basis.

6.

Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.

7.

Refer to table 4 and the note on consolidation below.

8.

Refer to table 5 and the note on consolidation below.

9.

Refer to table 6 and the note on consolidation below.

10.

Refer to table 7 and the note on consolidation below.

11.

Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate
equals the market exchange rate used when the foreign currency was acquired from the foreign central bank.

12.

Revalued daily at current foreign currency exchange rates.

13.

Includes accrued interest, which represents the daily accumulation of interest earned, and other accounts receivable.

14.

Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.

15.

Includes deposits held at the Reserve Banks by international and multilateral organizations, government-sponsored enterprises, and designated financial market utilities.

16.

Represents the estimated weekly remittances to U.S. Treasury as interest on Federal Reserve notes or, in those cases where the Reserve Bank's net earnings are not sufficient to equate surplus to capital paid-in, the deferred asset for interest on Federal Reserve notes. The amount of any deferred asset, which is presented as a negative amount in this line, represents the amount of the Federal Reserve Bank's earnings that must be retained before remittances to the U.S. Treasury resume. The amounts on this line are calculated in accordance with Board of Governors policy, which requires the Federal Reserve Banks to remit residual earnings to the U.S. Treasury as interest on Federal Reserve notes after providing for the costs of operations, payment of dividends, and the amount necessary to equate surplus with capital paid-in.

17.

Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to entities other than the Federal Reserve Bank of New York, including liabilities that have recourse only to the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note on consolidation below.

Note on consolidation:

The Federal Reserve Bank of New York (FRBNY) has extended loans to several limited liability companies under the authority of section 13(3) of the Federal Reserve Act. On June 26, 2008, a loan was extended to Maiden Lane LLC, which was formed to acquire certain assets of Bear Stearns. On November 25, 2008, a loan was extended to Maiden Lane III LLC, which was formed to purchase multi-sector collateralized debt obligations on which the Financial Products group of the American International Group, Inc. has written credit default swap contracts. On December 12, 2008, a loan was extended to Maiden Lane II LLC, which was formed to purchase residential mortgage-backed securities from the U.S. securities lending reinvestment portfolio of subsidiaries of American International Group, Inc. On November 25, 2008, the Federal Reserve Board authorized the FRBNY to extend credit to TALF LLC, which was formed to purchase and manage any asset-backed securities received by the FRBNY in connection with the decision of a borrower not to repay a loan extended under the Term Asset-Backed Securities Loan Facility.

The FRBNY is the primary beneficiary of TALF LLC, because of the two beneficiaries of the LLC, the FRBNY and the U.S. Treasury, the FRBNY is primarily responsible for directing the financial activities of TALF LLC. The FRBNY is the primary beneficiary of the other LLCs cited above because it will receive a majority of any residual returns of the LLCs and absorb a majority of any residual losses of the LLCs. Consistent with generally accepted accounting principles, the assets and liabilities of these LLCs have been consolidated with the assets and liabilities of the FRBNY in the preparation of the statements of condition shown on this release. As a consequence of the consolidation, the extensions of credit from the FRBNY to the LLCs are eliminated, the net assets of the LLCs appear as assets on the previous page (and in table 1 and table 8), and the liabilities of the LLCs to entities other than the FRBNY, including those with recourse only to the portfolio holdings of the LLCs, are included in other liabilities in this table (and table 1 and table 8).

10. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts

Millions of dollars

Federal Reserve notes and collateral

Wednesday

Apr 2, 2014

Federal Reserve notes outstanding

1,427,845

Less: Notes held by F.R. Banks not subject to collateralization

   200,896

Federal Reserve notes to be collateralized

1,226,950

Collateral held against Federal Reserve notes

1,226,950

Gold certificate account

    11,037

Special drawing rights certificate account

     5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2

1,210,713

Other assets pledged

         0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2

3,971,104

Less: Face value of securities under reverse repurchase agreements

    189,187

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged

3,781,916

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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