6. Statement of Condition of Each Federal Reserve Bank (continued) accessible
H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks [title]: No description
6. Statement of Condition of Each Federal Reserve Bank (continued) [title]: No description
Millions of dollars [title]: No description
Assets, liabilities, and capital [column]: No description
Total [column]: No description
Boston [column]: No description
New York [column]: No description
Philadelphia [column]: No description
Cleveland [column]: No description
Richmond [column]: No description
Atlanta [column]: No description
Liabilities [row]: No description
Federal Reserve notes, net - sub-row of Liabilities [row]: This item reflects the total value of Federal Reserve notes (paper currency) outstanding net of the quantities held by Reserve Banks.
Reverse repurchase agreements - sub-row of Liabilities [row]:
Reverse repurchase agreements are transactions in which securities are sold to a set of counterparties under an agreement to buy them back from the same party on a specified date at the same price plus interest. Reverse repurchase agreements may be conducted with foreign official and international accounts as a service to the holders of these accounts. All other reverse repurchase agreements, including transactions with primary dealers and other counterparties who have been established specifically to transact in reverse repurchase agreements, are open market operations intended to manage the supply of reserve balances; reverse repurchase agreements absorb reserve balances from the banking system for the length of the agreement. As with repurchase agreements, the naming convention used here reflects the transaction from the counterparties' perspective; the Federal Reserve receives cash in a reverse repurchase agreement and provides collateral to the counterparties.
Deposits - sub-row of Liabilities [row]:
This item is the sum of "Depository institutions," "U.S. Treasury, General Account," "Foreign official," and "Other."
Depository institutions - sub-row of Deposits - sub-row of Liabilities [row]: No description
U.S. Treasury, General Account - sub-row of Deposits - sub-row of Liabilities [row]: No description
Foreign official - sub-row of Deposits - sub-row of Liabilities [row]: No description
Other - sub-row of Deposits - sub-row of Liabilities [row]: No description
Earnings remittances due to the U.S. Treasury - sub-row of Liabilities [row]: The Federal Reserve Banks remit residual net earnings to the U.S. Treasury after providing for the costs of operations, payment of dividends, and the amount necessary to maintain each Federal Reserve Bank's allotted surplus cap. Positive amounts represent the estimated weekly remittances due to U.S. Treasury. Negative amounts represent the cumulative deferred asset position, which is incurred during a period when earnings are not sufficient to provide for the cost of operations, payment of dividends, and maintaining surplus. The deferred asset is the amount of net earnings that the Federal Reserve Banks need to realize before remittances to the U.S. Treasury resume.
Treasury contributions to credit facilities - sub-row of Liabilities [row]:
Book value. Amount includes equity investments in MS Facilities 2020 LLC.
Other liabilities and accrued dividends - sub-row of Liabilities [row]:
This item is the accrued dividends on Federal Reserve Bank capital stock paid in, accrued between semiannual payment dates (the last business days of June and December).
Total liabilities [row]: No description
Capital [row]: No description
Capital paid in - sub-row of Capital [row]: Banks that are members of the Federal Reserve System make payments for Federal Reserve Bank capital stock. Each member is required by law to become a shareholder and subscribe to shares of its district Reserve Bank in an amount equal to 6 percent of its own paid-in capital and surplus. Of this amount, half must be paid to the Federal Reserve and half remains subject to call by the Board of Governors. When a member's capital or surplus changes, its holdings of Reserve Bank stock must be adjusted accordingly.
Surplus - sub-row of Capital [row]: After expenses are paid and the statutory cumulative 6 percent dividend on paid-in capital stock is met, Reserve Banks are required by law to pay a part of the net earnings into surplus so that surplus equals the amount of capital paid in.
Other capital - sub-row of Capital [row]: These accounts used to consist of the unallocated net earnings since the last payment of dividends to stockholders, the amount necessary to equate surplus to paid in capital at year-end, and the accumulated interest to be paid to the Treasury on outstanding Federal Reserve notes. Effective January 1, 2011, the amounts described in the latter sentence will be recorded as a liability, and will be included in Other liabilities and capital accounts on table 1, Other liabilities and accrued dividends on table 4, and Earnings remittances due to the U.S. Treasury on table 5.
Total liabilities and capital [row]: No description