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Release Date: June 19, 2014
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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 June 19, 2014
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 Jun 18, 2014
Federal Reserve Banks Jun 18, 2014 Jun 11, 2014 Jun 19, 2013
Reserve Bank credit 4,322,422 + 28,764 + 904,046 4,325,414
Securities held outright (1) 4,100,489 + 26,286 + 910,418 4,103,522
U.S. Treasury securities 2,388,517 + 6,385 + 476,302 2,391,477
Bills (2) 0 0 0 0
Notes and bonds, nominal (2) 2,276,268 + 5,586 + 459,700 2,279,078
Notes and bonds, inflation-indexed (2) 96,671 + 603 + 13,645 96,771
Inflation compensation (3) 15,578 + 196 + 2,957 15,628
Federal agency debt securities (2) 44,022 - 60 - 26,669 43,659
Mortgage-backed securities (4) 1,667,951 + 19,962 + 460,786 1,668,386
Unamortized premiums on securities held outright (5) 209,832 + 648 + 6,901 209,801
Unamortized discounts on securities held outright (5) -18,311 - 80 - 16,216 -18,343
Repurchase agreements (6) 0 0 0 0
Loans 167 - 2 - 191 168
Primary credit 18 + 9 - 7 9
Secondary credit 0 0 0 0
Seasonal credit 100 + 19 + 37 110
Term Asset-Backed Securities Loan Facility (7) 50 - 29 - 219 50
Other credit extensions 0 0 0 0
Net portfolio holdings of Maiden Lane LLC (8) 1,654 0 + 230 1,654
Net portfolio holdings of Maiden Lane II LLC (9) 63 0 - 1 63
Net portfolio holdings of Maiden Lane III LLC (10) 22 0 0 22
Net portfolio holdings of TALF LLC (11) 90 0 - 191 90
Float -616 - 17 + 130 -621
Central bank liquidity swaps (12) 176 + 2 - 1,596 176
Other Federal Reserve assets (13) 28,857 + 1,928 + 4,563 28,883
Foreign currency denominated assets (14) 23,882 - 25 - 411 23,894
Gold stock 11,041 0 0 11,041
Special drawing rights certificate account 5,200 0 0 5,200
Treasury currency outstanding (15) 45,912 + 14 + 796 45,912
Total factors supplying reserve funds 4,408,457 + 28,753 + 904,432 4,411,462
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 Jun 18, 2014
Federal Reserve Banks Jun 18, 2014 Jun 11, 2014 Jun 19, 2013
Currency in circulation (15) 1,278,848 - 750 + 90,351 1,279,629
Reverse repurchase agreements (16) 176,156 - 30,762 + 85,024 191,425
Foreign official and international accounts 104,406 + 2,045 + 13,274 103,037
Others 71,750 - 32,807 + 71,750 88,388
Treasury cash holdings 178 - 10 + 53 164
Deposits with F.R. Banks, other than reserve balances 184,260 + 65,430 + 19,897 239,323
Term deposits held by depository institutions 77,769 + 18,667 + 67,273 77,769
U.S. Treasury, General Account 84,475 + 37,554 + 5,346 147,619
Foreign official 5,951 - 264 - 3,724 5,951
Other (17) 16,064 + 9,472 - 48,999 7,984
Other liabilities and capital (18) 65,090 + 430 - 502 63,337
Total factors, other than reserve balances,
absorbing reserve funds 1,704,532 + 34,338 + 194,822 1,773,877
Reserve balances with Federal Reserve Banks 2,703,925 - 5,585 + 709,610 2,637,585
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
Week ended Change from week ended Jun 18, 2014
Jun 18, 2014 Jun 11, 2014 Jun 19, 2013
Securities held in custody for foreign official and
international accounts 3,306,417 - 1,641 + 4,015 3,313,624
Marketable U.S. Treasury securities (1) 2,972,216 - 136 + 8,460 2,980,503
Federal agency debt and mortgage-backed securities (2) 292,645 - 1,595 - 7,746 291,615
Other securities (3) 41,556 + 89 + 3,300 41,507
Securities lent to dealers 12,690 + 436 - 1,899 13,565
Overnight facility (4) 12,690 + 436 - 1,899 13,565
U.S. Treasury securities 11,651 + 203 - 1,979 12,541
Federal agency debt securities 1,040 + 233 + 81 1,024
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, June 18, 2014
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 (1) 103 31 34 0 0 ... 168
U.S. Treasury securities (2)
Holdings 1 46 1,995 931,877 816,861 640,697 2,391,477
Weekly changes + 1 - 1 + 1 + 2,709 + 12 + 2,955 + 5,676
Federal agency debt securities (3)
Holdings 0 3,653 4,111 33,548 0 2,347 43,659
Weekly changes - 423 + 1,556 - 1,556 0 0 0 - 423
Mortgage-backed securities (4)
Holdings 0 0 0 10 3,783 1,664,593 1,668,386
Weekly changes 0 0 0 + 1 + 87 + 20,295 + 20,383
Asset-backed securities held by
TALF LLC (5) 0 0 0 0 0 0 0
Repurchase agreements (6) 0 0 ... ... ... ... 0
Central bank liquidity swaps (7) 52 124 0 0 0 0 176
Reverse repurchase agreements (6) 191,425 0 ... ... ... ... 191,425
Term deposits 77,769 0 0 ... ... ... 77,769
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
Jun 18, 2014
Mortgage-backed securities held outright (1) 1,668,386
Commitments to buy mortgage-backed securities (2) 51,480
Commitments to sell mortgage-backed securities (2) 0
Cash and cash equivalents (3) 63
1. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the
remaining principal balance of the securities.
2. Current face value. Generally settle within 180 days and include commitments associated with
outright transactions, dollar rolls, and coupon swaps.
3. This amount is included in other Federal Reserve assets in table 1 and in other assets in table 8
and table 9.
4. Information on Principal Accounts of Maiden Lane LLC
Millions of dollars
Account name Wednesday
Jun 18, 2014
Net portfolio holdings of Maiden Lane LLC (1) 1,654
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 March 31, 2014. 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
Jun 18, 2014
Net portfolio holdings of Maiden Lane II LLC (1) 63
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
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 March 31, 2014. 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
Jun 18, 2014
Net portfolio holdings of Maiden Lane III LLC (1) 22
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 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 March 31, 2014. 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
Jun 18, 2014
Asset-backed securities holdings (1) 0
Other investments, net 90
Net portfolio holdings of TALF LLC 90
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
Funding provided by U.S. Treasury to TALF LLC, including accrued interest payable (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.
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 Wednesday Change since
from Jun 18, 2014 Wednesday Wednesday
consolidation Jun 11, 2014 Jun 19, 2013
Assets
Gold certificate account 11,037 0 0
Special drawing rights certificate account 5,200 0 0
Coin 1,896 + 16 - 89
Securities, unamortized premiums and discounts,
repurchase agreements, and loans 4,295,147 + 26,246 + 895,245
Securities held outright (1) 4,103,522 + 25,636 + 905,178
U.S. Treasury securities 2,391,477 + 5,676 + 472,771
Bills (2) 0 0 0
Notes and bonds, nominal (2) 2,279,078 + 4,758 + 456,011
Notes and bonds, inflation-indexed (2) 96,771 + 703 + 13,745
Inflation compensation (3) 15,628 + 214 + 3,016
Federal agency debt securities (2) 43,659 - 423 - 26,999
Mortgage-backed securities (4) 1,668,386 + 20,383 + 459,405
Unamortized premiums on securities held outright
(5) 209,801 + 700 + 6,483
Unamortized discounts on securities held outright
(5) -18,343 - 74 - 16,220
Repurchase agreements (6) 0 0 0
Loans 168 - 15 - 196
Net portfolio holdings of Maiden Lane LLC (7) 1,654 0 + 235
Net portfolio holdings of Maiden Lane II LLC (8) 63 0 - 1
Net portfolio holdings of Maiden Lane III LLC (9) 22 0 0
Net portfolio holdings of TALF LLC (10) 90 0 - 191
Items in process of collection (0) 106 + 22 - 9
Bank premises 2,263 + 1 - 36
Central bank liquidity swaps (11) 176 + 2 - 1,596
Foreign currency denominated assets (12) 23,894 + 20 - 398
Other assets (13) 26,621 + 958 + 4,479
Total assets (0) 4,368,168 + 27,264 + 897,638
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 Wednesday Change since
from Jun 18, 2014 Wednesday Wednesday
consolidation Jun 11, 2014 Jun 19, 2013
Liabilities
Federal Reserve notes, net of F.R. Bank holdings 1,235,772 - 289 + 88,895
Reverse repurchase agreements (14) 191,425 - 21,711 + 103,058
Deposits (0) 2,876,908 + 49,690 + 706,617
Term deposits held by depository institutions 77,769 + 18,667 + 67,273
Other deposits held by depository institutions 2,637,585 - 71,657 + 709,187
U.S. Treasury, General Account 147,619 + 105,199 + 30,332
Foreign official 5,951 + 5 - 4,139
Other (15) (0) 7,984 - 2,524 - 96,036
Deferred availability cash items (0) 727 + 29 - 154
Other liabilities and accrued dividends (16) 7,024 - 457 - 2,114
Total liabilities (0) 4,311,856 + 27,263 + 896,302
Capital accounts
Capital paid in 28,156 + 1 + 668
Surplus 28,156 + 1 + 668
Other capital accounts 0 0 0
Total capital 56,312 + 2 + 1,336
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, June 18, 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 11,037 352 4,125 338 464 824 1,349 706 278 173 291 880 1,257
Special drawing rights certificate acct. 5,200 196 1,818 210 237 412 654 424 150 90 153 282 574
Coin 1,896 33 83 120 119 319 223 276 23 47 151 179 322
Securities, unamortized premiums and
discounts, repurchase agreements,
and loans 4,295,147 86,880 2,636,153 102,895 93,774 240,049 237,440 175,554 52,997 26,363 56,583 130,876 455,582
Securities held outright (1) 4,103,522 83,007 2,518,592 98,308 89,594 229,349 226,840 167,717 50,614 25,148 54,053 125,035 435,265
U.S. Treasury securities 2,391,477 48,375 1,467,801 57,293 52,214 133,661 132,199 97,743 29,497 14,656 31,501 72,869 253,666
Bills (2) 0 0 0 0 0 0 0 0 0 0 0 0 0
Notes and bonds (3) 2,391,477 48,375 1,467,801 57,293 52,214 133,661 132,199 97,743 29,497 14,656 31,501 72,869 253,666
Federal agency debt securities (2) 43,659 883 26,796 1,046 953 2,440 2,413 1,784 539 268 575 1,330 4,631
Mortgage-backed securities (4) 1,668,386 33,749 1,023,995 39,969 36,427 93,247 92,227 68,189 20,578 10,224 21,977 50,836 176,967
Unamortized premiums on securities held
outright (5) 209,801 4,244 128,768 5,026 4,581 11,726 11,598 8,575 2,588 1,286 2,764 6,393 22,254
Unamortized discounts on securities
held outright (5) -18,343 -371 -11,259 -439 -401 -1,025 -1,014 -750 -226 -112 -242 -559 -1,946
Repurchase agreements (6) 0 0 0 0 0 0 0 0 0 0 0 0 0
Loans 168 0 52 0 0 0 16 13 22 42 8 7 10
Net portfolio holdings of Maiden
Lane LLC (7) 1,654 0 1,654 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of Maiden
Lane II LLC (8) 63 0 63 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of Maiden
Lane III LLC (9) 22 0 22 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of TALF LLC (10) 90 0 90 0 0 0 0 0 0 0 0 0 0
Items in process of collection 106 0 0 0 0 0 105 0 0 0 0 0 0
Bank premises 2,263 122 430 74 110 225 210 199 125 98 244 227 202
Central bank liquidity swaps (11) 176 8 57 13 14 37 10 5 1 1 2 3 25
Foreign currency denominated assets (12) 23,894 1,087 7,686 1,796 1,900 4,982 1,374 660 201 101 251 399 3,457
Other assets (13) 26,621 575 16,018 641 583 1,652 1,457 1,077 380 231 372 877 2,759
Interdistrict settlement account 0 + 19,677 + 65,943 - 1,356 - 9,551 - 16,842 + 3,510 - 27,710 - 11,964 - 3,894 - 6,926 - 7,078 - 3,810
Total assets 4,368,168 108,929 2,734,140 104,730 87,651 231,658 246,332 151,190 42,191 23,210 51,122 126,645 460,369
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, June 18, 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 1,454,323 45,259 505,550 43,176 64,008 105,294 212,906 93,015 36,669 21,634 37,648 116,290 172,874
Less: Notes held by F.R. Banks 218,552 4,905 68,609 6,286 9,647 11,512 22,420 15,508 5,237 5,332 6,156 32,240 30,700
Federal Reserve notes, net 1,235,772 40,354 436,941 36,889 54,361 93,782 190,485 77,507 31,433 16,302 31,492 84,050 142,174
Reverse repurchase agreements (14) 191,425 3,872 117,490 4,586 4,179 10,699 10,582 7,824 2,361 1,173 2,522 5,833 20,305
Deposits 2,876,908 61,922 2,158,153 58,742 24,385 114,922 40,976 63,962 7,737 5,216 16,362 35,560 288,969
Term deposits held by depository
institutions 77,769 0 69,072 0 25 20 375 5,130 65 43 4 200 2,835
Other deposits held by depository
institutions 2,637,585 61,920 1,927,719 58,703 24,357 114,782 40,591 58,825 7,671 5,173 16,357 35,359 286,128
U.S. Treasury, General Account 147,619 0 147,619 0 0 0 0 0 0 0 0 0 0
Foreign official 5,951 2 5,923 3 3 8 2 1 0 0 0 1 6
Other (15) 7,984 1 7,819 36 0 112 7 7 0 0 1 1 1
Deferred availability cash items 727 0 0 0 0 0 573 0 0 155 0 0 0
Interest on Federal Reserve notes due
to U.S. Treasury (16) 2,064 36 1,279 45 46 113 118 82 25 11 26 64 219
Other liabilities and accrued
dividends (17) 4,960 186 1,891 242 240 616 384 287 141 118 135 210 511
Total liabilities 4,311,856 106,371 2,715,753 100,504 83,212 220,131 243,117 149,663 41,696 22,976 50,536 125,717 452,178
Capital
Capital paid in 28,156 1,279 9,194 2,113 2,219 5,763 1,607 763 248 117 293 464 4,095
Surplus 28,156 1,279 9,194 2,113 2,219 5,763 1,607 763 248 117 293 464 4,095
Other capital 0 0 0 0 0 0 0 0 0 0 0 0 0
Total liabilities and capital 4,368,168 108,929 2,734,140 104,730 87,651 231,658 246,332 151,190 42,191 23,210 51,122 126,645 460,369
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, June 18, 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
Jun 18, 2014
Federal Reserve notes outstanding 1,454,323
Less: Notes held by F.R. Banks not subject to collateralization 218,552
Federal Reserve notes to be collateralized 1,235,772
Collateral held against Federal Reserve notes 1,235,772
Gold certificate account 11,037
Special drawing rights certificate account 5,200
U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 1,219,535
Other assets pledged 0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 4,103,522
Less: Face value of securities under reverse repurchase agreements 188,332
U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,915,190
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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