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Release Date: August 14, 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 August 14, 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 Aug 13, 2014
Federal Reserve Banks Aug 13, 2014 Aug 6, 2014 Aug 14, 2013
Reserve Bank credit 4,377,166 + 11,500 + 811,606 4,389,434
Securities held outright (1) 4,146,811 + 8,715 + 817,350 4,157,780
U.S. Treasury securities 2,426,359 + 4,754 + 428,050 2,427,647
Bills (2) 0 0 0 0
Notes and bonds, nominal (2) 2,312,731 + 4,706 + 412,059 2,314,001
Notes and bonds, inflation-indexed (2) 97,332 0 + 12,724 97,332
Inflation compensation (3) 16,296 + 47 + 3,267 16,314
Federal agency debt securities (2) 42,046 - 81 - 24,360 41,562
Mortgage-backed securities (4) 1,678,405 + 4,042 + 413,658 1,688,571
Unamortized premiums on securities held outright (5) 209,232 + 48 + 5,365 209,562
Unamortized discounts on securities held outright (5) -18,668 - 36 - 15,103 -18,692
Repurchase agreements (6) 0 0 0 0
Loans 268 - 6 - 67 274
Primary credit 5 - 29 - 10 7
Secondary credit 0 0 0 0
Seasonal credit 229 + 23 + 93 233
Term Asset-Backed Securities Loan Facility (7) 34 0 - 151 34
Other credit extensions 0 0 0 0
Net portfolio holdings of Maiden Lane LLC (8) 1,669 + 9 + 180 1,669
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) 44 - 13 - 151 44
Float -573 + 37 + 88 -583
Central bank liquidity swaps (12) 75 0 - 1,404 75
Other Federal Reserve assets (13) 38,222 + 2,746 + 5,348 39,219
Foreign currency denominated assets (14) 23,715 + 7 - 341 23,660
Gold stock 11,041 0 0 11,041
Special drawing rights certificate account 5,200 0 0 5,200
Treasury currency outstanding (15) 46,034 + 14 + 793 46,034
Total factors supplying reserve funds 4,463,156 + 11,521 + 812,057 4,475,369
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 Aug 13, 2014
Federal Reserve Banks Aug 13, 2014 Aug 6, 2014 Aug 14, 2013
Currency in circulation (15) 1,288,081 + 1,148 + 89,473 1,288,828
Reverse repurchase agreements (16) 228,818 + 3,576 + 133,995 233,606
Foreign official and international accounts 99,209 - 9,517 + 5,327 97,984
Others 129,609 + 13,093 + 128,668 135,622
Treasury cash holdings 155 + 13 + 4 154
Deposits with F.R. Banks, other than reserve balances 94,933 + 8,138 - 21,111 89,751
Term deposits held by depository institutions 0 0 - 11,913 0
U.S. Treasury, General Account 78,066 + 6,553 + 13,945 68,670
Foreign official 6,565 0 - 3,889 6,566
Other (17) 10,302 + 1,584 - 19,254 14,515
Other liabilities and capital (18) 64,377 + 1,184 - 1,550 63,680
Total factors, other than reserve balances,
absorbing reserve funds 1,676,364 + 14,059 + 200,810 1,676,019
Reserve balances with Federal Reserve Banks 2,786,792 - 2,538 + 611,247 2,799,349
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 Aug 13, 2014
Aug 13, 2014 Aug 6, 2014 Aug 14, 2013
Securities held in custody for foreign official and
international accounts 3,325,203 - 2,727 + 57,974 3,317,926
Marketable U.S. Treasury securities (1) 2,992,391 - 3,194 + 71,425 2,985,282
Federal agency debt and mortgage-backed securities (2) 289,715 + 37 - 19,254 289,077
Other securities (3) 43,098 + 431 + 5,805 43,566
Securities lent to dealers 10,576 - 756 - 405 9,681
Overnight facility (4) 10,576 - 756 - 405 9,681
U.S. Treasury securities 9,617 - 697 - 548 8,748
Federal agency debt securities 958 - 60 + 142 933
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, August 13, 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) 49 225 0 0 0 ... 274
U.S. Treasury securities (2)
Holdings 2 6 1,995 969,924 802,855 652,865 2,427,647
Weekly changes 0 0 0 + 1,619 + 2,333 + 1,129 + 5,081
Federal agency debt securities (3)
Holdings 0 1,862 4,607 32,746 0 2,347 41,562
Weekly changes - 565 0 0 0 0 0 - 565
Mortgage-backed securities (4)
Holdings 0 0 0 10 3,886 1,684,675 1,688,571
Weekly changes 0 0 0 0 0 + 14,208 + 14,208
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) 75 0 0 0 0 0 75
Reverse repurchase agreements (6) 233,606 0 ... ... ... ... 233,606
Term deposits 0 0 0 ... ... ... 0
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
Aug 13, 2014
Mortgage-backed securities held outright (1) 1,688,571
Commitments to buy mortgage-backed securities (2) 63,076
Commitments to sell mortgage-backed securities (2) 0
Cash and cash equivalents (3) 14
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
Aug 13, 2014
Net portfolio holdings of Maiden Lane LLC (1) 1,669
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 0
Accrued interest payable to the Federal Reserve Bank of New York (2) 0
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3) 0
1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an
asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued
quarterly. This table reflects valuations as of June 30, 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
Aug 13, 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 June 30, 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
Aug 13, 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 June 30, 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
Aug 13, 2014
Asset-backed securities holdings (1) 0
Other investments, net 44
Net portfolio holdings of TALF LLC 44
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 Aug 13, 2014 Wednesday Wednesday
consolidation Aug 6, 2014 Aug 14, 2013
Assets
Gold certificate account 11,037 0 0
Special drawing rights certificate account 5,200 0 0
Coin 1,929 + 11 - 60
Securities, unamortized premiums and discounts,
repurchase agreements, and loans 4,348,924 + 19,072 + 781,754
Securities held outright (1) 4,157,780 + 18,724 + 791,143
U.S. Treasury securities 2,427,647 + 5,081 + 426,554
Bills (2) 0 0 0
Notes and bonds, nominal (2) 2,314,001 + 5,033 + 411,800
Notes and bonds, inflation-indexed (2) 97,332 0 + 11,513
Inflation compensation (3) 16,314 + 48 + 3,240
Federal agency debt securities (2) 41,562 - 565 - 24,151
Mortgage-backed securities (4) 1,688,571 + 14,208 + 388,740
Unamortized premiums on securities held outright
(5) 209,562 + 385 + 5,493
Unamortized discounts on securities held outright
(5) -18,692 - 45 - 14,792
Repurchase agreements (6) 0 0 0
Loans 274 + 9 - 90
Net portfolio holdings of Maiden Lane LLC (7) 1,669 0 + 183
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) 44 0 - 151
Items in process of collection (0) 81 + 1 - 27
Bank premises 2,261 + 4 - 28
Central bank liquidity swaps (11) 75 0 - 1,404
Foreign currency denominated assets (12) 23,660 + 3 - 193
Other assets (13) 36,959 + 2,722 + 5,528
Total assets (0) 4,431,923 + 21,812 + 785,600
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 Aug 13, 2014 Wednesday Wednesday
consolidation Aug 6, 2014 Aug 14, 2013
Liabilities
Federal Reserve notes, net of F.R. Bank holdings 1,244,873 + 406 + 88,509
Reverse repurchase agreements (14) 233,606 + 4,213 + 135,537
Deposits (0) 2,889,100 + 16,675 + 563,030
Term deposits held by depository institutions 0 0 - 11,913
Other deposits held by depository institutions 2,799,350 + 9,944 + 600,491
U.S. Treasury, General Account 68,670 - 654 + 11,513
Foreign official 6,566 + 1 - 3,845
Other (15) (0) 14,515 + 7,385 - 33,215
Deferred availability cash items (0) 664 - 187 - 225
Other liabilities and accrued dividends (16) 7,345 + 681 - 2,492
Total liabilities (0) 4,375,588 + 21,788 + 784,359
Capital accounts
Capital paid in 28,168 + 13 + 621
Surplus 28,168 + 13 + 621
Other capital accounts 0 0 0
Total capital 56,335 + 24 + 1,241
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, August 13, 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 1,929 34 87 120 124 319 226 276 28 49 150 184 331
Securities, unamortized premiums and
discounts, repurchase agreements,
and loans 4,348,924 87,966 2,669,077 104,180 94,946 243,050 240,421 177,765 53,693 26,752 57,290 132,513 461,271
Securities held outright (1) 4,157,780 84,105 2,551,894 99,608 90,779 232,381 229,840 169,934 51,283 25,480 54,768 126,689 441,020
U.S. Treasury securities 2,427,647 49,107 1,490,001 58,159 53,004 135,683 134,199 99,221 29,943 14,877 31,978 73,971 257,503
Bills (2) 0 0 0 0 0 0 0 0 0 0 0 0 0
Notes and bonds (3) 2,427,647 49,107 1,490,001 58,159 53,004 135,683 134,199 99,221 29,943 14,877 31,978 73,971 257,503
Federal agency debt securities (2) 41,562 841 25,509 996 907 2,323 2,298 1,699 513 255 547 1,266 4,409
Mortgage-backed securities (4) 1,688,571 34,157 1,036,383 40,453 36,867 94,375 93,343 69,014 20,827 10,348 22,242 51,451 179,108
Unamortized premiums on securities held
outright (5) 209,562 4,239 128,622 5,020 4,575 11,713 11,584 8,565 2,585 1,284 2,760 6,385 22,228
Unamortized discounts on securities
held outright (5) -18,692 -378 -11,472 -448 -408 -1,045 -1,033 -764 -231 -115 -246 -570 -1,983
Repurchase agreements (6) 0 0 0 0 0 0 0 0 0 0 0 0 0
Loans 274 0 34 0 0 1 30 30 56 102 8 9 5
Net portfolio holdings of Maiden
Lane LLC (7) 1,669 0 1,669 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) 44 0 44 0 0 0 0 0 0 0 0 0 0
Items in process of collection 81 0 0 0 0 0 81 0 0 0 0 0 0
Bank premises 2,261 122 433 74 109 223 209 198 124 97 244 226 201
Central bank liquidity swaps (11) 75 3 24 6 6 16 4 2 1 0 1 1 11
Foreign currency denominated assets (12) 23,660 1,076 7,611 1,779 1,881 4,933 1,360 653 199 100 249 396 3,423
Other assets (13) 36,959 777 22,306 1,030 803 2,215 2,034 1,500 492 287 504 1,172 3,838
Interdistrict settlement account 0 + 18,137 - 5,144 + 11,623 + 5,033 - 22,350 + 6,542 - 26,724 - 12,266 - 3,571 - 2,912 - 5,319 + 36,950
Total assets 4,431,923 108,662 2,702,135 119,360 103,604 229,642 252,881 154,802 42,698 23,978 55,970 130,335 507,856
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, August 13, 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 1,447,624 44,896 495,502 42,982 65,601 104,678 213,447 92,047 37,162 21,073 37,095 116,062 177,080
Less: Notes held by F.R. Banks 202,751 5,022 64,238 6,406 9,001 11,340 20,813 13,204 5,180 4,560 5,273 29,050 28,665
Federal Reserve notes, net 1,244,873 39,874 431,264 36,576 56,600 93,338 192,635 78,843 31,981 16,513 31,822 87,012 148,415
Reverse repurchase agreements (14) 233,606 4,725 143,379 5,596 5,100 13,056 12,914 9,548 2,881 1,432 3,077 7,118 24,779
Deposits 2,889,100 61,302 2,105,172 72,708 37,230 111,117 43,091 64,537 7,172 5,582 20,336 35,006 325,848
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 2,799,350 61,295 2,015,677 72,676 37,227 110,936 43,082 64,526 7,172 5,582 20,334 35,003 325,839
U.S. Treasury, General Account 68,670 0 68,670 0 0 0 0 0 0 0 0 0 0
Foreign official 6,566 2 6,539 3 3 8 2 1 0 0 0 1 6
Other (15) 14,515 5 14,286 29 0 172 7 9 0 0 1 3 3
Deferred availability cash items 664 0 0 0 0 0 571 0 0 93 0 0 0
Interest on Federal Reserve notes due
to U.S. Treasury (16) 2,185 39 1,359 42 44 118 124 95 26 13 29 67 229
Other liabilities and accrued
dividends (17) 5,160 158 2,592 196 188 488 335 254 136 112 118 193 389
Total liabilities 4,375,588 106,099 2,683,767 115,119 99,163 218,117 249,669 153,276 42,197 23,745 55,383 129,396 499,658
Capital
Capital paid in 28,168 1,282 9,184 2,121 2,221 5,762 1,606 763 251 117 294 469 4,099
Surplus 28,168 1,282 9,184 2,121 2,221 5,762 1,606 763 251 117 294 469 4,099
Other capital 0 0 0 0 0 0 0 0 0 0 0 0 0
Total liabilities and capital 4,431,923 108,662 2,702,135 119,360 103,604 229,642 252,881 154,802 42,698 23,978 55,970 130,335 507,856
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, August 13, 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
Aug 13, 2014
Federal Reserve notes outstanding 1,447,624
Less: Notes held by F.R. Banks not subject to collateralization 202,751
Federal Reserve notes to be collateralized 1,244,873
Collateral held against Federal Reserve notes 1,244,873
Gold certificate account 11,037
Special drawing rights certificate account 5,200
U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 1,228,636
Other assets pledged 0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 4,157,780
Less: Face value of securities under reverse repurchase agreements 211,904
U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,945,876
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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