Statistical Tables

Millions of dollars

Type of security and transaction	Jan.	Feb.	Mar.	Apr.	May	June	July	Aug.	Sept.	Oct.	Nov.	Dec.	Total
U.S. Treasury securities¹
Outright transactions²
Treasury bills
Gross purchases	0	0	0	0	75	0	75	0	0	0	0	0	150
Gross sales	0	0	0	0	0	0	0	0	0	0	0	0	0
Exchanges	63,425	66,587	53,961	62,898	72,399	46,198	50,437	76,958	20,061	48,275	78,171	17,140	656,510
For new bills	63,425	66,587	53,961	62,898	72,399	46,198	50,437	76,958	20,061	48,275	78,171	17,140	656,510
Redemptions	4,419	0	4,055	0	0	11,722	9,973	0	20,599	7,557	0	14,296	72,621
Others up to 1 year
Gross purchases	0	0	0	50	0	0	0	0	1	0	0	0	51
Gross sales	75	0	0	0	0	0	0	0	0	0	20	0	95
Exchanges	0	−70,233	0	−5,754	−69,548	0	0	−54,222	0	0	−4,193	0	−203,950
Redemptions	55,581	60,000	55,945	59,995	60,000	48,278	50,026	60,000	39,401	52,443	60,000	45,704	647,373
Over 1 to 5 years
Gross purchases	0	0	0	0	10	0	0	75	24	0	0	75	184
Gross sales	0	0	10	0	0	0	0	0	0	0	55	0	65
Exchanges	0	34,944	0	2,557	37,498	0	0	25,167	0	0	2,169	0	102,335
Over 5 to 10 years
Gross purchases	0	50	0	0	15	0	0	0	0	0	1	0	66
Gross sales	0	0	40	0	0	22	0	0	0	0	0	0	62
Exchanges	0	21,630	0	2,046	22,341	0	0	17,957	0	0	1,383	0	65,357
More than 10 years
Gross purchases	0	0	50	0	0	50	0	0	0	50	24	0	174
Gross sales	0	0	0	0	0	3	0	0	50	0	0	0	53
Exchanges	0	13,659	0	1,151	9,709	0	0	11,098	0	0	641	0	36,258
All maturities
Gross purchases	0	50	50	50	100	50	75	75	25	50	25	75	625
Gross sales	75	0	50	0	0	25	0	0	50	0	75	0	275
Redemptions	60,000	60,000	60,000	59,995	60,000	60,000	59,999	60,000	60,000	60,000	60,000	60,000	719,994
Net change in U.S. Treasury securities	−60,075	−59,950	−60,000	−59,945	−59,900	−59,975	−59,924	−59,925	−60,025	−59,950	−60,050	−59,925	−719,644
Federal agency obligations
Outright transactions²
Gross purchases	0	0	0	0	0	0	0	0	0	0	0	0	0
Gross sales	0	0	0	0	0	0	0	0	0	0	0	0	0
Redemptions	0	0	0	0	0	0	0	0	0	0	0	0	0
Net change in federal agency obligations	0	0	0	0	0	0	0	0	0	0	0	0	0
Mortgage-backed securities³
Net settlements²
Net change in mortgage-backed securities	−16,667	−14,695	−15,560	−18,700	−17,544	−20,098	−20,579	−18,689	−19,144	−16,819	−15,872	−15,262	−209,629
Total net change in securities holdings⁴	−76,742	−74,645	−75,560	−78,645	−77,444	−80,073	−80,503	−78,614	−79,169	−76,769	−75,922	−75,187	−929,273
Temporary transactions
Repurchase agreements⁵	1	1	25,875	23,000	9	34	114	67	3	1	4	9	n/a
Reverse repurchase agreements⁵	2,492,766	2,439,643	2,549,414	2,631,217	2,608,860	2,391,853	2,118,684	2,059,998	1,799,527	1,491,272	1,294,990	1,149,148	n/a
Foreign official and international accounts	361,862	360,191	363,730	367,835	375,303	337,074	322,749	294,766	303,352	299,093	325,146	340,977	n/a
Others	2,130,904	2,079,452	2,185,684	2,263,382	2,233,557	2,054,779	1,795,935	1,765,232	1,496,175	1,192,179	969,844	808,171	n/a

Note: Purchases of Treasury securities and federal agency obligations increase securities holdings; sales and redemptions of these securities decrease securities holdings. Exchanges occur when the Federal Reserve rolls the proceeds of maturing securities into newly issued securities, and so exchanges do not affect total securities holdings. Positive net settlements of mortgage-backed securities increase securities holdings, while negative net settlements of these securities decrease securities holdings. Components may not sum to totals because of rounding. See table 2 of the H.4.1 release (https://www.federalreserve.gov/releases/h41/) for the maturity distribution of the securities.

1. Transactions exclude changes in compensation for the effects of inflation on the principal of inflation-indexed securities. Transactions include the rollover of inflation compensation into new securities. The maturity distributions of exchanged Treasury securities are based on the announced maturity of new securities rather than actual day counts. Return to table

2. Excludes the effect of temporary transactions—repurchase agreements and reverse repurchase agreements. Return to table

3. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Monthly net change in the remaining principal balance of the securities, reported at face value. Return to table

4. The net change in securities holdings reflects the settlements of purchases, reinvestments, sales, and maturities of portfolio securities. Return to table

5. Averages of daily cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities. For additional details on temporary transactions, see the temporary open market operations historical search available at https://www.newyorkfed.org/markets/data-hub. Beginning in June, the average balances were calculated using weekends and holidays after the Federal Reserve Banks adopted a seven-day accounting cycle. See https://www.frbservices.org/resources/financial-services/accounting/faq/account-management-information-seven-day-accounting. Return to table

n/a Not applicable.

Millions of dollars

Description	December 31			Change
Description	2023	2022	2021	2022–23	2021–22
U.S. Treasury securities¹
Held outright²	4,785,138	5,499,354	5,652,542	−714,216	−153,188
By remaining maturity
Bills
1–90 days	131,254	177,692	207,113	−46,438	−29,421
91 days to 1 year	85,715	111,833	118,931	−26,118	−7,098
Notes and bonds
1 year or less	676,304	892,496	807,747	−216,192	84,749
More than 1 year through 5 years	1,614,977	1,915,468	2,146,103	−300,491	−230,635
More than 5 years through 10 years	771,726	937,231	1,019,239	−165,505	−82,008
More than 10 years	1,505,162	1,464,634	1,353,409	40,528	111,225
By type
Bills	216,969	289,525	326,044	−72,556	−36,519
Notes	2,863,795	3,521,904	3,748,992	−658,109	−227,088
Bonds	1,704,374	1,687,925	1,577,506	16,449	110,419
Federal agency securities¹
Held outright²	2,347	2,347	2,347	0	0
By remaining maturity
Discount notes
1–90 days	0	0	0	0	0
91 days to 1 year	0	0	0	0	0
Coupons
1 year or less	0	0	0	0	0
More than 1 year through 5 years	0	0	0	0	0
More than 5 years through 10 years	2,347	2,347	2,134	0	213
More than 10 years	0	0	213	0	−213
By type
Discount notes	0	0	0	0	0
Coupons	2,347	2,347	2,347	0	0
By issuer
Federal Home Loan Mortgage Corporation	529	529	529	0	0
Federal National Mortgage Association	1,818	1,818	1,818	0	0
Federal Home Loan Banks	0	0	0	0	0
Mortgage-backed securities³^,⁴
Held outright²	2,431,773	2,641,403	2,615,546	−209,630	25,857
By remaining maturity
1 year or less	23	38	26	−15	12
More than 1 year through 5 years	4,895	4,020	1,803	875	2,217
More than 5 years through 10 years	32,350	49,979	60,328	−17,629	−10,349
More than 10 years	2,394,505	2,587,366	2,553,389	−192,861	33,977
By issuer
Federal Home Loan Mortgage Corporation	927,035	1,001,274	977,512	−74,239	23,762
Federal National Mortgage Association	1,004,336	1,091,106	1,075,531	−86,770	15,575
Government National Mortgage Association	500,402	549,023	562,503	−48,621	−13,480
Temporary transactions⁵
Repurchase agreements⁶	0	0	0	0	0
Repo operations	0	0	0	0	0
FIMA Repo Facility	0	0	0	0	0
Reverse repurchase agreements⁶	1,390,671	2,889,555	2,183,041	−1,498,884	706,514
Foreign official and international accounts	372,188	335,839	278,459	36,349	57,380
Primary dealers and expanded counterparties	1,018,483	2,553,716	1,904,582	−1,535,233	649,134

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

1. Par value. Return to table

2. Excludes the effect of temporary transactions—repurchase agreements and reverse repurchase agreements. Return to table

3. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Return to table

4. The par amount shown is the remaining principal balance of the securities. Return to table

5. Contract amount of agreements. Return to table

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

Liability type¹	Requirement
Liability type¹	Percentage of liabilities	Effective date
Net transaction accounts	0	3/26/2020
Nonpersonal time deposits	0	12/27/1990
Eurocurrency liabilities	0	12/27/1990

Note: The table reflects the liability types and percentages of those liabilities subject to requirements for the maintenance period that contains the year end.

1. For a description of these deposit types, see Regulation D. Return to table

Type of office	Total	Commercial banks¹					Savings banks
		Member				Nonmember
		Total	Total	National	State	Nonmember
Banks
Number, Dec. 31, 2022	4,337	4,119	1,384	710	674	2,735	218
Changes during 2023	0	0	0	0	0	0	0
New banks	11	11	3	2	1	8	0
Banks converted into branches	−96	−93	−25	−11	−14	−68	−3
Ceased banking operations²	−24	−22	−7	−3	−4	−15	−2
Other³	0	2	20	−2	22	−18	−2
Net change	−109	−102	−9	−14	5	−93	−7
Number, Dec. 31, 2023	4,228	4,017	1,375	696	679	2,642	211
Branches and additional offices
Number, Dec. 31, 2022	71,888	69,847	47,229	35,548	11,681	22,618	2,041
Changes during 2023	0	0	0	0	0	0	0
New branches	944	928	607	472	135	321	16
Banks converted to branches	96	95	35	13	22	60	1
Discontinued²	−2,158	−2,140	−1,647	−1,453	−194	−493	−18
Other³	0	22	942	549	393	−920	−22
Net change	−1,118	−1,095	−63	−419	356	−1,032	−23
Number, Dec. 31, 2023	70,770	68,752	47,166	35,129	12,037	21,586	2,018
Banks affiliated with BHCs
Number, Dec. 31, 2022	3,724	3,616	1,266	636	630	2,350	108
Changes during 2023	0	0	0	0	0	0	0
BHC-affiliated new banks	32	31	8	5	3	23	1
Banks converted into branches	−86	−85	−24	−11	−13	−61	−1
Ceased banking operations²	−17	−17	−7	−3	−4	−10	0
Other³	0	2	19	−1	20	−17	−2
Net change	−71	−69	−4	−10	6	−65	−2
Number, Dec. 31, 2023	3,653	3,547	1,262	626	636	2,285	106

Note: Includes banks, banking offices, and bank holding companies in U.S. territories and possessions (affiliated insular areas).

1. For purposes of this table, banks are entities that are defined as banks in the Bank Holding Company Act, as amended, which is implemented by Federal Reserve Regulation Y. Generally, a bank is any institution that accepts demand deposits and is engaged in the business of making commercial loans or any institution that is defined as an insured bank in section 3(h) of the Federal Deposit Insurance Corporation Act. Return to table

2. Institutions that no longer meet the Regulation Y definition of a bank. Return to table

3. Interclass changes and sales of branches. Return to table

Millions of dollars

Period	Factors supplying reserve funds
	Federal Reserve Bank credit outstanding						Gold stock	Special drawing rights certificate account	Treasury coin and currency outstanding⁵
	Securities held outright¹	Repurchase agreements²	Loans and other credit extensions³	Float	Other Federal Reserve assets⁴	Total⁴	Gold stock	Special drawing rights certificate account	Treasury coin and currency outstanding⁵
1984	167,612	2,015	3,577	833	12,347	186,384	11,096	4,618	16,418
1985	186,025	5,223	3,060	988	15,302	210,598	11,090	4,718	17,075
1986	205,454	16,005	1,565	1,261	17,475	241,760	11,084	5,018	17,567
1987	226,459	4,961	3,815	811	15,837	251,883	11,078	5,018	18,177
1988	240,628	6,861	2,170	1,286	18,803	269,748	11,060	5,018	18,799
1989	233,300	2,117	481	1,093	39,631	276,622	11,059	8,518	19,628
1990	241,431	18,354	190	2,222	39,897	302,091	11,058	10,018	20,402
1991	272,531	15,898	218	731	34,567	323,945	11,059	10,018	21,014
1992	300,423	8,094	675	3,253	30,020	342,464	11,056	8,018	21,447
1993	336,654	13,212	94	909	33,035	383,904	11,053	8,018	22,095
1994	368,156	10,590	223	−716	33,634	411,887	11,051	8,018	22,994
1995	380,831	13,862	135	107	33,303	428,239	11,050	10,168	24,003
1996	393,132	21,583	85	4,296	32,896	451,992	11,048	9,718	24,966
1997	431,420	23,840	2,035	719	31,452	489,466	11,047	9,200	25,543
1998	452,478	30,376	17	1,636	36,966	521,475	11,046	9,200	26,270
1999	478,144	140,640	233	−237	35,321	654,100	11,048	6,200	28,013
2000	511,833	43,375	110	901	36,467	592,686	11,046	2,200	31,643
2001	551,685	50,250	34	−23	37,658	639,604	11,045	2,200	33,017
2002	629,416	39,500	40	418	39,083	708,457	11,043	2,200	34,597
2003	666,665	43,750	62	−319	40,847	751,005	11,043	2,200	35,468
2004	717,819	33,000	43	925	42,219	794,007	11,045	2,200	36,434
2005	744,215	46,750	72	885	39,611	831,532	11,043	2,200	36,540
2006	778,915	40,750	67	−333	39,895	859,294	11,041	2,200	38,206
2007	740,611	46,500	72,636	−19	41,799	901,528	11,041	2,200	38,681
2008	495,629	80,000	1,605,848	−1,494	43,553	2,223,537	11,041	2,200	38,674
2009	1,844,838	0	281,095	−2,097	92,811	2,216,647	11,041	5,200	42,691
2010	2,161,094	0	138,311	−1,421	110,255	2,408,240	11,041	5,200	43,542
2011	2,605,124	0	144,098	−631	152,568	2,901,159	11,041	5,200	44,198
2012	2,669,589	0	11,867	−486	218,296	2,899,266	11,041	5,200	44,751
2013	3,756,158	0	2,177	−962	246,947	4,004,320	11,041	5,200	45,493
2014	4,236,873	0	3,351	−555	239,238	4,478,908	11,041	5,200	46,301
2015	4,241,958	0	2,830	−36	221,448	4,466,199	11,041	5,200	47,567
2016	4,221,187	0	7,325	−804	206,551	4,434,259	11,041	5,200	48,536
2017	4,223,528	0	13,914	−920	194,288	4,430,809	11,041	5,200	49,381
2018	3,862,079	0	4,269	−770	173,324	4,038,902	11,041	5,200	49,801
2019	3,739,957	255,619	3,770	−643	156,304	4,155,007	11,041	5,200	50,138
2020	6,730,743	1,000	216,669	−567	393,420	7,341,265	11,041	5,200	50,535
2021	8,270,436	0	77,621	−582	389,982	8,737,457	11,041	5,200	50,942
2022	8,143,103	0	47,288	−539	343,400	8,533,252	11,041	5,200	51,471
2023	7,219,258	0	153,881	−556	311,982	7,684,565	11,041	5,200	52,616
2023, month-end
Jan.	8,024,523	3	47,675	−559	344,750	8,416,392	11,041	5,200	51,527
Feb.	7,948,411	0	46,710	−561	327,687	8,322,247	11,041	5,200	51,583
Mar.	7,876,667	45,000	354,631	−371	332,565	8,608,492	11,041	5,200	51,653
Apr.	7,844,203	0	371,238	−588	338,626	8,553,479	11,041	5,200	51,709
May	7,724,820	0	321,605	−675	321,852	8,367,602	11,041	5,200	51,765
June	7,647,143	1,000	307,628	−329	326,903	8,282,345	11,041	5,200	51,835
July	7,567,832	1,500	290,659	−537	331,011	8,190,465	11,041	5,200	51,787
Aug.	7,490,768	0	276,763	−735	315,578	8,082,374	11,041	5,200	52,378
Sept.	7,434,987	0	225,322	−362	320,980	7,980,927	11,041	5,200	52,434
Oct.	7,337,816	0	191,452	−603	321,478	7,850,143	11,041	5,200	52,490
Nov.	7,263,096	0	143,585	−824	305,098	7,710,955	11,041	5,200	52,560
Dec.	7,219,258	0	153,881	−556	311,982	7,684,565	11,041	5,200	52,616

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

1. Includes U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities. U.S. Treasury securities and federal agency debt securities include securities lent to dealers, which are fully collateralized by U.S. Treasury securities, federal agency securities, and other highly rated debt securities. Return to table

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

3. Includes central bank liquidity swaps; primary, seasonal, secondary credit; and other credit extensions. Starting in 2023, includes the Bank Term Funding Program. From 2020 to 2023, included the following liquidity programs and 13(3) facilities: Paycheck Protection Program Liquidity Facility; MS Facilities LLC; Municipal Facility LLC; and Term Asset-Backed Securities Loan Facility II LLC. From 2020 to 2021, also included Money Market Mutual Fund Liquidity Facility; Primary Dealer Credit Facility; Commercial Paper Funding Facility II LLC; and Corporate Credit Facilities LLC. From 2015 to 2019, included Maiden Lane LLC. For disaggregated loans and other credit extensions from 1984 to 2014, refer to "Table 5B. Loans and other credit extensions, by type, year-end 1984–2014 and month-end 2014" of the 2014 Annual Report. Return to table

4. As of 2013, unamortized discounts on securities held outright are included as a component of "Other Federal Reserve assets." Previously, they were included in "Other Federal Reserve liabilities and capital." Return to table

5. Includes currency and coin (other than gold) issued directly by the U.S. Treasury. The largest components are fractional and dollar coins. For details, refer to "U.S. Currency and Coin Outstanding and in Circulation," Treasury Bulletin. Return to table

Millions of dollars

Period	Factors absorbing reserve funds										Reserve balances with Federal Reserve Banks
	Currency in circulation	Reverse repurchase agreements⁶	Treasury cash holdings⁷	Deposits with Federal Reserve Banks, other than reserve balances					Required clearing balances⁹	Other Federal Reserve liabilities and capital⁴^,¹⁰
	Currency in circulation	Reverse repurchase agreements⁶	Treasury cash holdings⁷	Term deposits	Treasury General Account	Treasury supplementary financing account	Foreign	Other⁸	Required clearing balances⁹	Other Federal Reserve liabilities and capital⁴^,¹⁰
1984	183,796	0	513	n/a	5,316	n/a	253	867	1,126	5,952	20,693
1985	197,488	0	550	n/a	9,351	n/a	480	1,041	1,490	5,940	27,141
1986	211,995	0	447	n/a	7,588	n/a	287	917	1,812	6,088	46,295
1987	230,205	0	454	n/a	5,313	n/a	244	1,027	1,687	7,129	40,097
1988	247,649	0	395	n/a	8,656	n/a	347	548	1,605	7,683	37,742
1989	260,456	0	450	n/a	6,217	n/a	589	1,298	1,618	8,486	36,713
1990	286,963	0	561	n/a	8,960	n/a	369	528	1,960	8,147	36,081
1991	307,756	0	636	n/a	17,697	n/a	968	1,869	3,946	8,113	25,051
1992	334,701	0	508	n/a	7,492	n/a	206	653	5,897	7,984	25,544
1993	365,271	0	377	n/a	14,809	n/a	386	636	6,332	9,292	27,967
1994	403,843	0	335	n/a	7,161	n/a	250	1,143	4,196	11,959	25,061
1995	424,244	0	270	n/a	5,979	n/a	386	2,113	5,167	12,342	22,960
1996	450,648	0	249	n/a	7,742	n/a	167	1,178	6,601	13,829	17,310
1997	482,327	0	225	n/a	5,444	n/a	457	1,171	6,684	15,500	23,447
1998	517,484	0	85	n/a	6,086	n/a	167	1,869	6,780	16,354	19,164
1999	628,359	0	109	n/a	28,402	n/a	71	1,644	7,481	17,256	16,039
2000	593,694	0	450	n/a	5,149	n/a	216	2,478	6,332	17,962	11,295
2001	643,301	0	425	n/a	6,645	n/a	61	1,356	8,525	17,083	8,469
2002	687,518	21,091	367	n/a	4,420	n/a	136	1,266	10,534	18,977	11,988
2003	724,187	25,652	321	n/a	5,723	n/a	162	995	11,829	19,793	11,054
2004	754,877	30,783	270	n/a	5,912	n/a	80	1,285	9,963	26,378	14,137
2005	794,014	30,505	202	n/a	4,573	n/a	83	2,144	8,651	30,466	10,678
2006	820,176	29,615	252	n/a	4,708	n/a	98	972	6,842	36,231	11,847
2007	828,938	43,985	259	n/a	16,120	n/a	96	1,830	6,614	41,622	13,986
2008	889,898	88,352	259	n/a	106,123	259,325	1,365	21,221	4,387	48,921	855,599
2009	928,249	77,732	239	n/a	186,632	5,001	2,411	35,262	3,020	63,219	973,814
2010	982,750	59,703	177	0	140,773	199,964	3,337	13,631	2,374	99,602	965,712
2011	1,075,820	99,900	128	0	85,737	n/a	125	64,909	2,480	72,766	1,559,731
2012	1,169,159	107,188	150	0	92,720	n/a	6,427	27,476	n/a	66,093	1,491,044
2013	1,241,228	315,924	234	0	162,399	n/a	7,970	26,181	n/a	63,049	2,249,070
2014	1,342,957	509,837	201	0	223,452	n/a	5,242	20,320	n/a	61,447	2,377,995
2015	1,424,967	712,401	266	0	333,447	n/a	5,231	31,212	n/a	45,320	1,977,163
2016	1,509,440	725,210	166	0	399,190	n/a	5,165	53,248	n/a	46,943	1,759,675
2017	1,618,006	563,958	214	0	228,933	n/a	5,257	77,762	n/a	47,876	1,954,426
2018	1,719,302	304,012	214	0	402,138	n/a	5,245	73,073	n/a	45,007	1,555,954
2019	1,807,740	336,649	171	0	403,853	n/a	5,182	74,075	n/a	44,867	1,548,849
2020	2,089,224	216,051	28	0	1,728,569	n/a	21,838	194,327	n/a	163,075	2,994,932
2021	2,236,789	2,183,041	65	0	406,108	n/a	9,331	255,263	n/a	69,766	3,644,277
2022	2,309,128	2,889,555	99	0	446,685	n/a	8,935	218,227	n/a	43,522	2,684,814
2023	2,347,852	1,390,671	396	0	768,590	n/a	9,692	177,530	n/a	−76,067	3,134,759
2023, month-end
Jan.	2,296,338	2,440,840	107	0	567,908	n/a	9,436	195,545	n/a	35,965	2,938,022
Feb.	2,302,982	2,566,111	103	0	415,005	n/a	9,438	177,060	n/a	25,670	2,893,702
Mar.	2,322,773	2,742,659	167	0	177,692	n/a	9,681	218,688	n/a	20,986	3,183,739
Apr.	2,323,716	2,717,322	185	0	316,381	n/a	9,688	206,324	n/a	13,643	3,034,170
May	2,344,176	2,615,677	247	0	48,512	n/a	9,755	210,209	n/a	1,508	3,205,526
June	2,344,947	2,368,912	242	0	402,394	n/a	9,717	191,517	n/a	−14,190	3,046,883
July	2,332,493	2,148,377	263	0	501,828	n/a	9,686	190,071	n/a	−22,380	3,098,155
Aug.	2,332,430	1,960,219	327	0	541,843	n/a	9,723	172,780	n/a	−31,194	3,164,864
Sept.	2,323,012	1,863,428	339	0	656,889	n/a	9,689	169,602	n/a	−40,004	3,066,647
Oct.	2,324,704	1,455,504	372	0	832,412	n/a	9,685	167,115	n/a	−47,252	3,176,334
Nov.	2,331,964	1,223,378	395	0	758,851	n/a	9,689	162,227	n/a	−64,297	3,357,547
Dec.	2,347,852	1,390,671	396	0	768,590	n/a	9,692	177,530	n/a	−76,067	3,134,759

6. Cash value of agreements, which are collaterized by U.S. Treasury securities, federal agency debt securities, and agency mortgage-backed securities. Return to table

7. Coin and paper currency held by the Treasury. Return to table

8. As of 2014, includes deposits of designated financial market utilities. Return to table

9. Required clearing balances were discontinued in July 2012. Return to table

10. From 2020 to 2023, includes equity investments for outstanding LLCs. Negative amounts include 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. In 2010, included funds from American International Group, Inc. asset dispositions, held as agent. Return to table

n/a Not applicable.

Millions of dollars

Period	Factors supplying reserve funds
	Federal Reserve Bank credit outstanding							Gold stock⁶	Special drawing rights certificate account	Treasury coin and currency outstanding⁷
	Securities held outright¹	Repurchase agreements²	Loans	Float³	All other⁴	Other Federal Reserve assets⁵	Total	Gold stock⁶	Special drawing rights certificate account	Treasury coin and currency outstanding⁷
1918	239	0	1,766	199	294	0	2,498	2,873	n/a	1,795
1919	300	0	2,215	201	575	0	3,292	2,707	n/a	1,707
1920	287	0	2,687	119	262	0	3,355	2,639	n/a	1,709
1921	234	0	1,144	40	146	0	1,563	3,373	n/a	1,842
1922	436	0	618	78	273	0	1,405	3,642	n/a	1,958
1923	80	54	723	27	355	0	1,238	3,957	n/a	2,009
1924	536	4	320	52	390	0	1,302	4,212	n/a	2,025
1925	367	8	643	63	378	0	1,459	4,112	n/a	1,977
1926	312	3	637	45	384	0	1,381	4,205	n/a	1,991
1927	560	57	582	63	393	0	1,655	4,092	n/a	2,006
1928	197	31	1,056	24	500	0	1,809	3,854	n/a	2,012
1929	488	23	632	34	405	0	1,583	3,997	n/a	2,022
1930	686	43	251	21	372	0	1,373	4,306	n/a	2,027
1931	775	42	638	20	378	0	1,853	4,173	n/a	2,035
1932	1,851	4	235	14	41	0	2,145	4,226	n/a	2,204
1933	2,435	2	98	15	137	0	2,688	4,036	n/a	2,303
1934	2,430	0	7	5	21	0	2,463	8,238	n/a	2,511
1935	2,430	1	5	12	38	0	2,486	10,125	n/a	2,476
1936	2,430	0	3	39	28	0	2,500	11,258	n/a	2,532
1937	2,564	0	10	19	19	0	2,612	12,760	n/a	2,637
1938	2,564	0	4	17	16	0	2,601	14,512	n/a	2,798
1939	2,484	0	7	91	11	0	2,593	17,644	n/a	2,963
1940	2,184	0	3	80	8	0	2,274	21,995	n/a	3,087
1941	2,254	0	3	94	10	0	2,361	22,737	n/a	3,247
1942	6,189	0	6	471	14	0	6,679	22,726	n/a	3,648
1943	11,543	0	5	681	10	0	12,239	21,938	n/a	4,094
1944	18,846	0	80	815	4	0	19,745	20,619	n/a	4,131
1945	24,262	0	249	578	2	0	25,091	20,065	n/a	4,339
1946	23,350	0	163	580	1	0	24,093	20,529	n/a	4,562
1947	22,559	0	85	535	1	0	23,181	22,754	n/a	4,562
1948	23,333	0	223	541	1	0	24,097	24,244	n/a	4,589
1949	18,885	0	78	534	2	0	19,499	24,427	n/a	4,598
1950	20,725	53	67	1,368	3	0	22,216	22,706	n/a	4,636
1951	23,605	196	19	1,184	5	0	25,009	22,695	n/a	4,709
1952	24,034	663	156	967	4	0	25,825	23,187	n/a	4,812
1953	25,318	598	28	935	2	0	26,880	22,030	n/a	4,894
1954	24,888	44	143	808	1	0	25,885	21,713	n/a	4,985
1955	24,391	394	108	1,585	29	0	26,507	21,690	n/a	5,008
1956	24,610	305	50	1,665	70	0	26,699	21,949	n/a	5,066
1957	23,719	519	55	1,424	66	0	25,784	22,781	n/a	5,146
1958	26,252	95	64	1,296	49	0	27,755	20,534	n/a	5,234
1959	26,607	41	458	1,590	75	0	28,771	19,456	n/a	5,311
1960	26,984	400	33	1,847	74	0	29,338	17,767	n/a	5,398
1961	28,722	159	130	2,300	51	0	31,362	16,889	n/a	5,585
1962	30,478	342	38	2,903	110	0	33,871	15,978	n/a	5,567
1963	33,582	11	63	2,600	162	0	36,418	15,513	n/a	5,578
1964	36,506	538	186	2,606	94	0	39,930	15,388	n/a	5,405
1965	40,478	290	137	2,248	187	0	43,340	13,733	n/a	5,575
1966	43,655	661	173	2,495	193	0	47,177	13,159	n/a	6,317
1967	48,980	170	141	2,576	164	0	52,031	11,982	n/a	6,784
1968	52,937	0	186	3,443	58	0	56,624	10,367	n/a	6,795
1969	57,154	0	183	3,440	64	2,743	63,584	10,367	n/a	6,852
1970	62,142	0	335	4,261	57	1,123	67,918	10,732	400	7,147
1971	69,481	1,323	39	4,343	261	1,068	76,515	10,132	400	7,710
1972	71,119	111	1,981	3,974	106	1,260	78,551	10,410	400	8,313
1973	80,395	100	1,258	3,099	68	1,152	86,072	11,567	400	8,716
1974	84,760	954	299	2,001	999	3,195	92,208	11,652	400	9,253
1975	92,789	1,335	211	3,688	1,126	3,312	102,461	11,599	500	10,218
1976	100,062	4,031	25	2,601	991	3,182	110,892	11,598	1,200	10,810
1977	108,922	2,352	265	3,810	954	2,442	118,745	11,718	1,250	11,331
1978	117,374	1,217	1,174	6,432	587	4,543	131,327	11,671	1,300	11,831
1979	124,507	1,660	1,454	6,767	704	5,613	140,705	11,172	1,800	13,083
1980	128,038	2,554	1,809	4,467	776	8,739	146,383	11,160	2,518	13,427
1981	136,863	3,485	1,601	1,762	195	9,230	153,136	11,151	3,318	13,687
1982	144,544	4,293	717	2,735	1,480	9,890	163,659	11,148	4,618	13,786
1983	159,203	1,592	918	1,605	418	8,728	172,464	11,121	4,618	15,732

Note: For a description of figures and discussion of their significance, see Banking and Monetary Statistics, 1941–1970 (Board of Governors of the Federal Reserve System, 1976), pp. 507–23. Components may not sum to totals because of rounding.

1. In 1969 and thereafter, includes securities loaned—fully guaranteed by U.S. government securities pledged with Federal Reserve Banks—and excludes securities sold and scheduled to be bought back under matched sale–purchase transactions. On September 29, 1971, and thereafter, includes federal agency issues bought outright. Return to table

2. On December 1, 1966, and thereafter, includes federal agency obligations held under repurchase agreements. Return to table

3. In 1960 and thereafter, figures reflect a minor change in concept; refer to Federal Reserve Bulletin, vol. 47 (February 1961), p. 164. Return to table

4. Principally acceptances and, until August 21, 1959, industrial loans, the authority for which expired on that date. Return to table

5. For the period before April 16, 1969, includes the total of Federal Reserve capital paid in, surplus, other capital accounts, and other liabilities and accrued dividends, less the sum of bank premises and other assets, and is reported as "Other Federal Reserve accounts"; thereafter, "Other Federal Reserve assets" and "Other Federal Reserve liabilities and capital" are shown separately. Return to table

6. Before January 30, 1934, includes gold held in Federal Reserve Banks and in circulation. Return to table

7. Includes currency and coin (other than gold) issued directly by the Treasury. The largest components are fractional and dollar coins. For details refer to ‘‘U.S. Currency and Coin Outstanding and in Circulation,'' Treasury Bulletin. Return to table

n/a Not applicable.

Millions of dollars

Period	Factors absorbing reserve funds								Member bank reserves⁹
	Currency in circulation	Treasury cash holdings⁸	Deposits with Federal Reserve Banks, other than reserve balances			Other Federal Reserve accounts⁵	Required clearing balances	Other Federal Reserve liabilities and capital⁵	Member bank reserves⁹
	Currency in circulation	Treasury cash holdings⁸	Treasury	Foreign	Other	Other Federal Reserve accounts⁵	Required clearing balances	Other Federal Reserve liabilities and capital⁵	With Federal Reserve Banks	Currency and coin¹⁰	Required¹¹	Excess¹¹^,¹²
1918	4,951	288	51	96	25	118	0	0	1,636	n/a	1,585	51
1919	5,091	385	31	73	28	208	0	0	1,890	n/a	1,822	68
1920	5,325	218	57	5	18	298	0	0	1,781	n/a	n/a	n/a
1921	4,403	214	96	12	15	285	0	0	1,753	n/a	1,654	99
1922	4,530	225	11	3	26	276	0	0	1,934	n/a	n/a	n/a
1923	4,757	213	38	4	19	275	0	0	1,898	n/a	1,884	14
1924	4,760	211	51	19	20	258	0	0	2,220	n/a	2,161	59
1925	4,817	203	16	8	21	272	0	0	2,212	n/a	2,256	−44
1926	4,808	201	17	46	19	293	0	0	2,194	n/a	2,250	−56
1927	4,716	208	18	5	21	301	0	0	2,487	n/a	2,424	63
1928	4,686	202	23	6	21	348	0	0	2,389	n/a	2,430	−41
1929	4,578	216	29	6	24	393	0	0	2,355	n/a	2,428	−73
1930	4,603	211	19	6	22	375	0	0	2,471	n/a	2,375	96
1931	5,360	222	54	79	31	354	0	0	1,961	n/a	1,994	−33
1932	5,388	272	8	19	24	355	0	0	2,509	n/a	1,933	576
1933	5,519	284	3	4	128	360	0	0	2,729	n/a	1,870	859
1934	5,536	3,029	121	20	169	241	0	0	4,096	n/a	2,282	1,814
1935	5,882	2,566	544	29	226	253	0	0	5,587	n/a	2,743	2,844
1936	6,543	2,376	244	99	160	261	0	0	6,606	n/a	4,622	1,984
1937	6,550	3,619	142	172	235	263	0	0	7,027	n/a	5,815	1,212
1938	6,856	2,706	923	199	242	260	0	0	8,724	n/a	5,519	3,205
1939	7,598	2,409	634	397	256	251	0	0	11,653	n/a	6,444	5,209
1940	8,732	2,213	368	1,133	599	284	0	0	14,026	n/a	7,411	6,615
1941	11,160	2,215	867	774	586	291	0	0	12,450	n/a	9,365	3,085
1942	15,410	2,193	799	793	485	256	0	0	13,117	n/a	11,129	1,988
1943	20,449	2,303	579	1,360	356	339	0	0	12,886	n/a	11,650	1,236
1944	25,307	2,375	440	1,204	394	402	0	0	14,373	n/a	12,748	1,625
1945	28,515	2,287	977	862	446	495	0	0	15,915	n/a	14,457	1,458
1946	28,952	2,272	393	508	314	607	0	0	16,139	n/a	15,577	562
1947	28,868	1,336	870	392	569	563	0	0	17,899	n/a	16,400	1,499
1948	28,224	1,325	1,123	642	547	590	0	0	20,479	n/a	19,277	1,202
1949	27,600	1,312	821	767	750	706	0	0	16,568	n/a	15,550	1,018
1950	27,741	1,293	668	895	565	714	0	0	17,681	n/a	16,509	1,172
1951	29,206	1,270	247	526	363	746	0	0	20,056	n/a	19,667	389
1952	30,433	1,270	389	550	455	777	0	0	19,950	n/a	20,520	−570
1953	30,781	761	346	423	493	839	0	0	20,160	n/a	19,397	763
1954	30,509	796	563	490	441	907	0	0	18,876	n/a	18,618	258
1955	31,158	767	394	402	554	925	0	0	19,005	n/a	18,903	102
1956	31,790	775	441	322	426	901	0	0	19,059	n/a	19,089	−30
1957	31,834	761	481	356	246	998	0	0	19,034	n/a	19,091	−57
1958	32,193	683	358	272	391	1,122	0	0	18,504	n/a	18,574	−70
1959	32,591	391	504	345	694	841	0	0	18,174	310	18,619	−135
1960	32,869	377	485	217	533	941	0	0	17,081	2,544	18,988	637
1961	33,918	422	465	279	320	1,044	0	0	17,387	2,823	20,114	96
1962	35,338	380	597	247	393	1,007	0	0	17,454	3,262	20,071	645
1963	37,692	361	880	171	291	1,065	0	0	17,049	4,099	20,677	471
1964	39,619	612	820	229	321	1,036	0	0	18,086	4,151	21,663	574
1965	42,056	760	668	150	355	211	0	0	18,447	4,163	22,848	−238
1966	44,663	1,176	416	174	588	−147	0	0	19,779	4,310	24,321	−232
1967	47,226	1,344	1,123	135	653	−773	0	0	21,092	4,631	25,905	−182
1968	50,961	695	703	216	747	−1,353	0	0	21,818	4,921	27,439	−700
1969	53,950	596	1,312	134	807	0	0	1,919	22,085	5,187	28,173	−901
1970	57,093	431	1,156	148	1,233	0	0	1,986	24,150	5,423	30,033	−460
1971	61,068	460	2,020	294	999	0	0	2,131	27,788	5,743	32,496	1,035
1972	66,516	345	1,855	325	840	0	0	2,143	25,647	6,216	32,044	98
1973	72,497	317	2,542	251	1491 ¹³	0	0	2,669	27,060	6,781	35,268	−1,360
1974	79,743	185	3,113	418	1275 ¹³	0	0	2,935	25,843	7,370	37,011	−3,798
1975	86,547	483	7,285	353	1,090	0	0	2,968	26,052	8,036	35,197	−1,103¹⁴
1976	93,717	460	10,393	352	1,357	0	0	3,063	25,158	8,628	35,461	−1,535
1977	103,811	392	7,114	379	1,187	0	0	3,292	26,870	9,421	37,615	−1,265
1978	114,645	240	4,196	368	1,256	0	0	4,275	31,152	10,538	42,694	−893
1979	125,600	494	4,075	429	1,412	0	0	4,957	29,792	11,429	44,217	−2,835
1980	136,829	441	3,062	411	617	0	0	4,671	27,456	13,654	40,558	675
1981	144,774	443	4,301	505	781	0	117	5,261	25,111	15,576	42,145	−1,442
1982	154,908	429	5,033	328	1,033	0	436	4,990	26,053	16,666	41,391	1,328
1983	171,935	479	3,661	191	851	0	1,013	5,392	20,413	17,821	39,179	−945

8. Coin and paper currency held by the Treasury, as well as any gold in excess of the gold certificates issued to the Reserve Bank. Return to table

9. In November 1979 and thereafter, includes reserves of member banks, Edge Act corporations, and U.S. agencies and branches of foreign banks. On November 13, 1980, and thereafter, includes reserves of all depository institutions. Return to table

10. Between December 1, 1959, and November 23, 1960, part was allowed as reserves; thereafter, all was allowed. Return to table

11. Estimated through 1958. Before 1929, data were available only on call dates (in 1920 and 1922 the call date was December 29). Since September 12, 1968, the amount has been based on close-of-business figures for the reserve period two weeks before the report date. Return to table

12. For the week ending November 15, 1972, and thereafter, includes $450 million of reserve deficiencies on which Federal Reserve Banks are allowed to waive penalties for a transition period in connection with bank adaptation to Regulation J as amended, effective November 9, 1972. Allowable deficiencies are as follows (beginning with first statement week of quarter, in millions): 1973:Q1, $279; Q2, $172; Q3, $112; Q4, $84; 1974:Q1, $67; Q2, $58. The transition period ended with the second quarter of 1974. Return to table

13. For the period before July 1973, includes certain deposits of domestic nonmember banks and foreign-owned banking institutions held with member banks and redeposited in full with Federal Reserve Banks in connection with voluntary participation by nonmember institutions in the Federal Reserve System program of credit restraint. As of December 12, 1974, the amount of voluntary nonmember bank and foreign-agency and branch deposits at Federal Reserve Banks that are associated with marginal reserves is no longer reported. However, two amounts are reported: (1) deposits voluntarily held as reserves by agencies and branches of foreign banks operating in the United States and (2) Eurodollar liabilities. Return to table

14. Adjusted to include waivers of penalties for reserve deficiencies, in accordance with change in Board policy, effective November 19, 1975. Return to table

n/a Not applicable.

Millions of dollars, except as noted

Item	Total	Member banks			Nonmember banks
Item	Total	Total	National	State	Nonmember banks
2023
Loans and investments	16,002,218	12,680,689	10,334,322	2,346,367	3,321,530
Loans, gross	11,093,581	8,506,038	6,873,360	1,632,678	2,587,544
Net	11,091,881	8,505,174	6,872,801	1,632,374	2,586,706
Investments	4,908,637	4,174,651	3,460,962	713,689	733,986
U.S. government securities	1,186,453	1,072,804	937,116	135,688	113,649
Other	3,722,184	3,101,847	2,523,846	578,001	620,337
Cash assets, total	2,017,543	1,736,694	1,292,155	444,539	280,849
Deposits, total	16,099,572	13,030,830	10,592,723	2,438,106	3,068,742
Interbank	268,034	243,695	198,360	45,335	24,339
Other transactions	5,708,700	4,668,225	3,599,737	1,068,488	1,040,475
Other nontransactions	10,122,837	8,118,910	6,794,626	1,324,284	2,003,927
Equity capital	2,143,833	1,747,262	1,428,464	318,798	396,571
Number of banks	4,065	1,373	712	661	2,692
2022
Loans and investments	16,022,105	12,596,081	10,128,252	2,467,830	3,426,023
Loans, gross	10,498,546	7,915,198	6,332,222	1,582,975	2,583,348
Net	10,497,211	7,914,796	6,332,047	1,582,749	2,582,415
Investments	5,523,559	4,680,884	3,796,030	884,854	842,675
U.S. government securities	1,435,477	1,330,716	1,177,257	153,459	104,762
Other	4,088,082	3,350,168	2,618,773	731,395	737,914
Cash assets, total	2,056,714	1,757,422	1,267,578	489,845	299,292
Deposits, total	16,771,232	13,427,270	10,753,153	2,674,117	3,343,962
Interbank	365,731	338,195	290,806	47,389	27,535
Other transactions	5,787,739	4,672,612	3,634,157	1,038,455	1,115,127
Other nontransactions	10,617,763	8,416,463	6,828,190	1,588,273	2,201,300
Equity capital	2,095,299	1,692,271	1,371,603	320,668	403,028
Number of banks	4,171	1,393	732	661	2,778

Note: Includes U.S.-insured commercial banks located in the United States but not U.S.-insured commercial banks operating in U.S. territories or possessions. Data are domestic assets and liabilities (except for those components reported on a consolidated basis only). Components may not sum to totals because of rounding. Data for 2022 have been revised.

Percent of market value

Effective date	Margin stocks	Convertible bonds	Short sales, T only¹
1934, Oct. 1	25–45	n/a	n/a
1936, Feb. 1	25–55	n/a	n/a
1936, Apr. 1	55	n/a	n/a
1937, Nov. 1	40	n/a	50
1945, Feb. 5	50	n/a	50
1945, July 5	75	n/a	75
1946, Jan. 21	100	n/a	100
1947, Feb. 1	75	n/a	75
1949, Mar. 3	50	n/a	50
1951, Jan. 17	75	n/a	75
1953, Feb. 20	50	n/a	50
1955, Jan. 4	60	n/a	60
1955, Apr. 23	70	n/a	70
1958, Jan. 16	50	n/a	50
1958, Aug. 5	70	n/a	70
1958, Oct. 16	90	n/a	90
1960, July 28	70	n/a	70
1962, July 10	50	n/a	50
1963, Nov. 6	70	n/a	70
1968, Mar. 11	70	50	70
1968, June 8	80	60	80
1970, May 6	65	50	65
1971, Dec. 6	55	50	55
1972, Nov. 24	65	50	65
1974, Jan. 3	50	50	50

Note: These regulations, adopted by the Board of Governors pursuant to the Securities Exchange Act of 1934, limit the amount of credit that may be extended for the purpose of purchasing or carrying margin securities (as defined in the regulations) when the loan is collateralized by such securities. The margin requirement, expressed as a percentage, is the difference between the market value of the securities being purchased or carried (100 percent) and the maximum loan value of the collateral as prescribed by the Board. Regulation T was adopted effective October 1, 1934; Regulation U, effective May 1, 1936; and Regulation X, effective November 1, 1971. The former Regulation G, which was adopted effective March 11, 1968, was merged into Regulation U, effective April 1, 1998.

1. From October 1, 1934, to October 31, 1937, the requirement was the margin "customarily required" by the brokers and dealers. Return to table

n/a Not applicable.

Millions of dollars

Item	Total		Boston		New York		Philadelphia		Cleveland		Richmond
Item	2023	2022	2023	2022	2023	2022	2023	2022	2023	2022	2023	2022
Assets
Gold certificates	11,037	11,037	361	348	3,357	3,453	315	327	515	526	775	791
Special drawing rights certificates	5,200	5,200	196	196	1,818	1,818	210	210	237	237	412	412
Coin	1,423	1,209	48	15	39	25	134	108	54	46	177	190
Loans and securities
Loans to depository institutions	3,473	5,276	144	120	122	1,069	138	36	12	19	474	138
Other loans	132,628	11,450	6,162	0	9,206	2,077	2,259	0	3,182	2,505	10,916	24
Securities purchased under agreements to resell¹	0	0	0	0	0	0	0	0	0	0	0	0
Treasury securities, net²^,³	4,988,327	5,729,247	96,374	114,699	2,785,732	2,937,394	82,214	131,620	153,293	228,785	347,135	399,251
Federal agency and government-sponsored enterprise mortgage-backed securities, net²	2,481,336	2,697,583	47,939	54,005	1,385,702	1,383,055	40,896	61,973	76,252	107,722	172,675	187,985
Government-sponsored enterprise debt securities, net²^,³	2,557	2,584	49	52	1,428	1,325	42	59	79	103	178	180
Total loans and securities	7,608,321	8,446,140	150,668	168,876	4,182,190	4,324,920	125,549	193,688	232,818	339,134	531,378	587,578
Consolidated variable interest entities: Assets held, net⁴	16,098	30,436	15,839	22,910	259	7,526	n/a	n/a	n/a	n/a	n/a	n/a
Accrued interest receivable—System Open Market Account	32,357	34,277	627	687	18,053	17,566	535	788	1,000	1,372	2,263	2,395
Foreign currency denominated investments, net⁵	18,587	18,565	800	800	6,613	6,465	668	689	1,753	1,815	3,764	3,723
Central bank liquidity swaps⁶	1,357	412	58	18	483	144	49	15	128	40	275	83
Other assets
Bank premises and equipment, net	2,897	2,700	123	124	471	475	161	169	146	143	431	338
Items in process of collection	69	72	0	0	*	*	*	0	0	0	0	0
Deferred asset—remittances to the Treasury	133,318	16,585	2,561	309	85,206	12,545	1,228	18	5,084	146	20,396	1,434
Interdistrict settlement account	0	0	19,074	28,113	−150,680	53,270	−7,801	−35,361	68,582	−21,458	100,368	28,809
All other assets⁷	4,895	2,721	196	92	393	1,640	62	14	118	80	431	276
Total assets	7,835,559	8,569,354	190,551	222,488	4,148,202	4,429,847	121,110	160,665	310,435	322,081	660,670	626,029
Liabilities
Federal Reserve notes outstanding	2,706,634	2,618,832	89,844	86,350	806,499	783,156	75,591	73,670	127,980	125,617	191,807	189,334
Less: Notes held by Federal Reserve Bank	409,583	359,871	10,062	8,474	61,224	74,159	25,098	18,425	17,942	13,161	30,771	22,030
Federal Reserve notes outstanding, net	2,297,050	2,258,961	79,782	77,876	745,275	708,997	50,493	55,245	110,038	112,456	161,036	167,304
Securities sold under agreements to repurchase¹	1,390,671	2,889,555	26,868	57,849	776,620	1,481,480	22,920	66,383	42,736	115,388	96,776	201,363
Deposits
Depository institutions	3,134,759	2,684,814	73,516	73,249	1,769,847	1,709,016	46,039	37,398	152,842	90,103	393,404	247,973
Treasury, general account	768,590	446,685	n/a	n/a	768,590	446,685	n/a	n/a	n/a	n/a	n/a	n/a
Other deposits⁸	187,222	227,160	54	11	70,582	62,967	1	1	38	27	383	488
Total deposits	4,090,571	3,358,659	73,570	73,260	2,609,019	2,218,668	46,040	37,399	152,880	90,130	393,787	248,461
Other liabilities
Accrued remittances to the Treasury⁹	0	0	0	0	0	0	0	0	0	0	0	0
Deferred credit items	624	611	0	0	0	0	0	0	0	0	0	0
Consolidated variable interest entities: Other liabilities	52	96	52	95	0	2	n/a	n/a	n/a	n/a	n/a	n/a
All other liabilities¹⁰	5,212	4,082	195	169	2,240	1,678	148	136	222	165	616	437
Total liabilities	7,784,180	8,511,964	180,467	209,249	4,133,154	4,410,825	119,601	159,163	305,876	318,139	652,215	617,565
Capital accounts
Capital paid-in	36,065	35,014	1,505	1,507	12,469	12,457	1,270	1,258	3,837	3,302	7,116	7,090
Surplus (including accumulated other comprehensive loss)	6,785	6,785	283	292	2,346	2,414	239	244	722	640	1,339	1,374
Total Reserve Bank capital	42,850	41,799	1,788	1,799	14,815	14,871	1,509	1,502	4,559	3,942	8,455	8,464
Consolidated variable interest entities formed to administer credit and liquidity facilities: Non-controlling interest	8,529	15,591	8,296	11,440	233	4,151	n/a	n/a	n/a	n/a	n/a	n/a
Total Reserve Bank capital and consolidated variable interest entities non-controlling interest	51,379	57,390	10,084	13,239	15,048	19,022	1,509	1,502	4,559	3,942	8,455	8,464
Total liabilities and capital accounts	7,835,559	8,569,354	190,551	222,488	4,148,202	4,429,847	121,110	160,665	310,435	322,081	660,670	626,029

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

1. Contract amount of agreements. Return to table

2. Treasury securities, government-sponsored enterprise debt securities, and federal agency and government-sponsored enterprise mortgage-backed securities (GSE MBS) are presented at amortized cost, net of unamortized premiums and unamortized discounts. Return to table

3. Treasury securities and government-sponsored debt securities may be lent to primary dealers to facilitate the effective conduct of open market operations. Holdings are presented net of securities lent. Return to table

4. The Federal Reserve Bank of Boston is the primary beneficiary of MS Facilities LLC (Main Street Lending Program), and the Federal Reserve Bank of New York is the primary beneficiary of Municipal Liquidity Facility LLC and Term Asset-Backed Securities Loan Facility II LLC. As a result, the accounts and results of operations of those LLCs are included in the combined financial statements of the Federal Reserve Banks. Return to table

5. Valued daily at market exchange rates. Return to table

6. 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. Return to table

7. Includes depository institution overdrafts. Return to table

8. Includes deposits of government-sponsored enterprises (GSEs) and international and designated financial market utilities, certain deposit accounts for services provided by the Reserve banks as fiscal agents of the United States, and foreign official deposit accounts. Return to table

9. Represents the estimated weekly remittances to the U.S. Treasury. Return to table

10. Includes accrued benefit costs and cash collateral posted by counterparties under commitments to purchase and sell federal agency and GSE MBS. Return to table

* Less than $500,000. Return to table

n/a Not applicable.

Millions of dollars

Item	Atlanta		Chicago		St. Louis		Minneapolis		Kansas City		Dallas		San Francisco
Item	2023	2022	2023	2022	2023	2022	2023	2022	2023	2022	2023	2022	2023	2022
Assets
Gold certificates	1,633	1,593	680	669	329	311	174	173	299	287	1,008	997	1,591	1,562
Special drawing rights certificates	654	654	424	424	150	150	90	90	153	153	282	282	574	574
Coin	101	72	252	225	34	25	54	35	97	90	177	158	257	221
Loans and securities
Loans to depository institutions	313	510	95	542	277	89	318	107	48	709	477	630	1,055	1,307
Other loans	9,919	0	8,924	2	7,867	12	7,611	3,929	8,418	22	13,487	6	44,678	2,871
Securities purchased under agreements to resell¹	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Treasury securities, net²^,³	337,930	374,845	310,954	391,650	74,622	89,980	33,823	40,623	64,494	89,434	243,216	293,736	458,541	637,230
Federal agency and government-sponsored enterprise mortgage-backed securities, net²	168,096	176,493	154,678	184,406	37,119	42,366	16,825	19,127	32,081	42,109	120,983	138,304	228,091	300,036
Government-sponsored enterprise debt securities, net²^,³	173	169	159	177	38	41	17	18	33	40	125	132	235	287
Total loans and securities	516,431	552,017	474,810	576,777	119,923	132,488	58,594	63,804	105,074	132,314	378,288	432,808	732,600	941,731
Consolidated variable interest entities: Assets held, net⁴	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Accrued interest receivable—System Open Market Account	2,189	2,241	2,015	2,342	485	539	219	243	418	535	1,575	1,756	2,979	3,814
Foreign currency denominated investments, net⁵	557	604	647	704	418	374	118	93	197	192	392	446	2,660	2,662
Central bank liquidity swaps⁶	41	13	47	16	31	8	9	2	14	4	29	10	194	59
Other assets
Bank premises and equipment, net	259	218	228	228	108	104	115	106	252	246	254	254	350	295
Items in process of collection	68	72	0	0	0	0	0	0	0	*	0	0	0	0
Deferred asset—remittances to the Treasury	386	0	9,789	1,422	61	0	215	0	491	0	1,711	83	6,191	761
Interdistrict settlement account	−11,406	45,589	−63,151	−4,041	−5,274	−5,354	−3,763	−1,276	−11,024	−20,881	−33,248	−5,249	98,323	−62,160
All other assets⁷	1,217	51	166	35	190	108	300	121	326	120	282	51	1,212	134
Total assets	512,130	603,124	425,907	578,801	116,455	128,753	56,125	63,391	96,297	113,060	350,750	431,596	846,931	889,653
Liabilities
Federal Reserve notes outstanding	395,722	390,723	167,274	159,578	81,908	77,447	44,757	41,316	75,426	71,321	256,949	242,458	392,876	377,861
Less: Notes held by Federal Reserve Bank	38,966	36,096	43,786	36,800	8,932	8,102	11,745	8,437	27,494	21,307	66,860	50,425	66,703	62,455
Federal Reserve notes outstanding, net	356,756	354,627	123,488	122,778	72,976	69,345	33,012	32,879	47,932	50,014	190,089	192,033	326,173	315,406
Securities sold under agreements to repurchase¹	94,210	189,054	86,689	197,529	20,803	45,381	9,429	20,488	17,980	45,106	67,805	148,146	127,834	321,388
Deposits
Depository institutions	58,701	57,165	97,642	93,680	21,553	12,915	13,171	9,526	29,671	17,301	91,466	89,990	386,906	246,497
Treasury, general account	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Other deposits⁸	138	98	115,614	163,004	18	9	135	135	88	42	139	353	31	25
Total deposits	58,839	57,263	213,256	256,684	21,571	12,924	13,306	9,661	29,759	17,343	91,605	90,343	386,937	246,522
Other liabilities
Accrued remittances to the Treasury⁹	0	79	0	0	0	44	0	2	0	9	0	0	0	0
Deferred credit items	624	611	0	0	0	0	0	0	*	*	0	0	0	0
Consolidated variable interest entities: Other liabilities	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
All other liabilities¹⁰	297	237	370	355	140	118	110	97	159	144	221	193	501	355
Total liabilities	510,726	601,871	423,803	577,346	115,490	127,812	55,857	63,127	95,830	112,616	349,720	430,715	841,445	883,671
Capital accounts
Capital paid-in	1,182	1,050	1,771	1,219	812	788	226	221	393	372	867	738	4,617	5,011
Surplus (including accumulated other comprehensive loss)	222	203	333	236	153	153	42	43	74	72	163	143	869	971
Total Reserve Bank capital	1,404	1,253	2,104	1,455	965	941	268	264	467	444	1,030	881	5,486	5,982
Consolidated variable interest entities formed to administer credit and liquidity facilities: Non-controlling interest	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Total Reserve Bank capital and consolidated variable interest entities non-controlling interest	1,404	1,253	2,104	1,455	965	941	268	264	467	444	1,030	881	5,486	5,982
Total liabilities and capital accounts	512,130	603,124	425,907	578,801	116,455	128,753	56,125	63,391	96,297	113,060	350,750	431,596	846,931	889,653

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

1. Contract amount of agreements. Return to table

2. Treasury securities, government-sponsored enterprise debt securities, and federal agency and government-sponsored enterprise mortgage-backed securities (GSE MBS) are presented at amortized cost, net of unamortized premiums and unamortized discounts. Return to table

3. Treasury securities and government-sponsored debt securities may be lent to primary dealers to facilitate the effective conduct of open market operations. Holdings are presented net of securities lent. Return to table

4. The Federal Reserve Bank of Boston is the primary beneficiary of MS Facilities LLC (Main Street Lending Program), and the Federal Reserve Bank of New York is the primary beneficiary of Municipal Liquidity Facility LLC and Term Asset-Backed Securities Loan Facility II LLC. As a result, the accounts and results of operations of those LLCs are included in the combined financial statements of the Federal Reserve Banks. Return to table

5. Valued daily at market exchange rates. Return to table

6. 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. Return to table

7. Includes depository institution overdrafts. Return to table

8. Includes deposits of government-sponsored enterprises (GSEs) and international and designated financial market utilities, certain deposit accounts for services provided by the Reserve banks as fiscal agents of the United States, and foreign official deposit accounts. Return to table

9. Represents the estimated weekly remittances to the U.S. Treasury. Return to table

10. Includes accrued benefit costs and cash collateral posted by counterparties under commitments to purchase and sell federal agency and GSE MBS. Return to table

* Less than $500,000. Return to table

n/a Not applicable.

Millions of dollars

Item	2023	2022
Federal Reserve notes outstanding	2,706,633	2,618,832
Less: Notes held by Federal Reserve Banks not subject to collateralization	409,583	359,871
Collateralized Federal Reserve notes	2,297,050	2,258,961

Collateral for Federal Reserve notes
Gold certificates	11,037	11,037
Special drawing rights certificates	5,200	5,200
U.S. Treasury securities¹	2,280,813	2,242,724
Total collateral	2,297,050	2,258,961

1. Face value. Includes compensation to adjust for the effect of inflation on the original face value of inflation-indexed securities. Return to table

Thousands of dollars

Item	Total	Boston	New York	Philadelphia	Cleveland	Richmond
Current income
Interest income
Primary, secondary, and seasonal loans	6,284,216	11,068	1,342,948	9,560	1,307	8,421
Other loans, net	4,153,623	134,876	212,379	70,789	54,917	222,435
Interest income on securities purchased under agreements to resell	194,749	3,876	101,339	4,262	7,477	13,568
Treasury securities, net	106,479,023	2,076,831	58,177,562	1,937,362	3,530,751	7,412,542
Federal agency and government-sponsored enterprise mortgage-backed securities, net	57,016,504	1,113,450	31,063,182	1,050,068	1,908,572	3,969,396
Government-sponsored enterprise debt securities, net	131,398	2,565	71,671	2,408	4,381	9,148
Foreign currency denominated investments, net	246,255	10,600	87,298	8,897	23,366	49,785
Central bank liquidity swaps¹	18,846	811	6,668	683	1,794	3,807
Total interest income	174,524,614	3,354,077	91,063,047	3,084,029	5,532,565	11,689,102
Income from priced services	505,312	1	161,019	0	0	0
Securities lending fees	105,474	2,057	57,655	1,915	3,492	7,343
Other income	709	21	238	16	8	4
Total other income	611,495	2,079	218,912	1,931	3,500	7,347
Total current income	175,136,109	3,356,156	91,281,959	3,085,960	5,536,065	11,696,449
Net expenses
Salaries and other benefits	4,275,300	297,254	843,532	166,554	204,878	653,982
Building	318,287	33,447	71,302	14,671	16,846	29,093
Equipment	250,272	9,107	20,535	9,238	8,615	128,307
Software costs	493,091	23,871	39,241	3,785	16,066	295,443
Recoveries	−294,917	−38,607	−19,225	−23,098	−7,675	−19,753
Expenses capitalized²	−159,213	−12,535	−31,064	−1,112	−13,668	−6,869
Other expenses	765,204	163,036	420,045	63,909	72,235	−734,988
Total operating expenses before pension expense and reimbursements	5,648,024	475,573	1,344,366	233,947	297,297	345,215
System pension service costs³	547,665	0	319,471	0	0	0
Reimbursable services to government agencies	−811,774	−3,706	−140,637	−1,984	−99,043	−10,098
Operating expenses	5,383,915	471,867	1,523,200	231,963	198,254	335,117
Interest expense on securities sold under agreements to repurchase	104,341,345	2,038,428	56,794,461	1,928,995	3,503,141	7,264,184
Interest to depository institutions and others	176,755,489	2,942,340	104,515,314	1,967,003	6,259,189	22,263,930
Other expenses	96	2	53	2	3	7
Net expenses	286,480,845	5,452,637	162,833,028	4,127,963	9,960,587	29,863,238
Current net income	−111,344,736	−2,096,481	−71,551,069	−1,042,003	−4,424,522	−18,166,789
Additions to (+) and deductions from (−) current net income
Profit on sales of Treasury securities	−31,603	−615	−17,387	−558	−1,024	−2,200
Losses on sales of federal agency and government-sponsored enterprise mortgage-backed securities	−56,131	−1,085	−31,325	−928	−1,729	−3,906
Foreign currency translation (losses)	−66,941	−2,878	−24,849	−2,246	−5,842	−13,826
Other components of net benefit cost	171,373	−3,403	130,584	−1,542	−129	3,918
Net additions or deductions	−147,898	−5,391	−66,411	−4,523	−11,815	−26,225
Net additions or deductions to current net income	−131,200	−13,372	−9,388	−9,797	−20,539	−42,239
Assessments by Board
Board expenditures⁴	1,144,000	48,927	403,689	40,869	114,557	230,054
Cost of currency	1,047,430	45,414	215,187	39,748	68,127	96,659
Consumer Financial Protection Bureau⁵	720,500	30,737	251,488	25,725	72,033	144,244
Assessments by the Board of Governors	2,911,930	125,078	870,364	106,342	254,717	470,957
Consolidated variable interest entities
Net income from consolidated variable interest entities	1,124,385	914,437	209,948	0	0	0
Non-controlling interest in consolidated variable interest entities (income), net	−1,037,901	−870,160	−167,741	0	0	0
Reserve Bank and consolidated variable interest entities net income before providing for remittances to the Treasury	−114,301,382	−2,190,654	−72,388,614	−1,158,142	−4,699,778	−18,679,985
Earnings remittances to the Treasury	−116,063,336	−2,251,850	−72,660,766	−1,210,120	−4,937,964	−18,961,771
Net (loss) income after providing for remittances to the Treasury	1,761,954	61,196	272,152	51,978	238,186	281,786
Other comprehensive income	−275,578	−6,834	168,004	−4,298	−6,402	−26,078
Comprehensive income	1,486,376	54,362	440,156	47,680	231,784	255,708
Distribution of comprehensive income
Dividends on capital stock	1,488,823	63,265	508,084	52,565	149,786	290,983
Transferred to/from surplus and change in accumulated other comprehensive income⁶	0	−8,902	−67,929	−4,883	82,001	−35,277
Remittances transferred to the Treasury⁷	670,450	0	0	0	0	0
Deferred asset increase	−116,733,786	−2,251,850	−72,660,766	−1,210,120	−4,937,964	−18,961,771
Earnings remittances to the Treasury, net	−116,063,336	−2,251,850	−72,660,766	−1,210,120	−4,937,964	−18,961,771
Total distribution of comprehensive income	−114,574,513	−2,197,487	−72,220,611	−1,162,438	−4,706,177	−18,706,065

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

1. Represents interest income recognized on swap agreements with foreign central banks. Return to table

2. Includes expenses for labor and materials capitalized and depreciated or amortized as charges to activities in the periods benefited. Return to table

3. Reflects the effect of the Financial Accounting Standards Board's Codification Topic (ASC 715) Compensation-Retirement Benefits. Pension service costs for the System Retirement Plan is recorded on behalf of the System in the books of the Federal Reserve Bank of New York. Return to table

4. For additional details, see the Board of Governors Financial Statements at https://www.federalreserve.gov/aboutthefed/audited-annual-financial-statements.htm. Return to table

5. The Board of Governors assesses the Reserve Banks to fund the operations of the Consumer Financial Protection Bureau. These assessments are allocated to each Reserve Bank based on each Reserve Bank's capital and surplus balances as of the most recent quarter. Return to table

6. The total transferred to/from surplus and change in accumulated other comprehensive income for the Federal Reserve Bank of Atlanta excludes $2 million transfer from surplus due to the Office of Employee Benefits' (OEB) postretirement net actuarial gain resulting from the integration of operations into the Bank. Return to table

7. Represents excess earnings remitted to the Treasury after providing for the cost of operations, payment of dividends, and reservation of surplus. On a weekly basis, if earnings become less than the cost of operations, payment of dividends, and any amount necessary to maintain surplus, the Reserve Banks suspend weekly remittances to the Treasury and record a deferred asset. Return to table

Thousands of dollars

Item	Atlanta	Chicago	St. Louis	Minneapolis	Kansas City	Dallas	San Francisco
Current income
Interest income
Primary, secondary, and seasonal loans	16,018	13,142	7,799	4,904	24,383	17,740	4,826,926
Other loans, net	220,205	186,888	230,377	199,107	291,670	412,147	1,917,833
Interest income on securities purchased under agreements to resell	12,817	13,117	3,034	1,371	2,953	9,903	21,032
Treasury securities, net	7,148,199	6,806,792	1,613,813	730,687	1,452,010	5,262,211	10,330,263
Federal agency and government-sponsored enterprise mortgage-backed securities, net	3,823,136	3,656,597	865,607	391,867	782,741	2,822,667	5,569,221
Government-sponsored enterprise debt securities, net	8,815	8,416	1,993	903	1,799	6,500	12,799
Foreign currency denominated investments, net	7,489	8,702	5,445	1,504	2,602	5,313	35,254
Central bank liquidity swaps¹	577	671	413	113	199	412	2,698
Total interest income	11,237,256	10,694,325	2,728,481	1,330,456	2,558,357	8,536,893	22,716,026
Income from priced services	244,276	100,016	0	0	0	0	0
Securities lending fees	7,082	6,739	1,598	724	1,437	5,211	10,221
Other income	18	49	4	18	23	61	249
Total other income	251,376	106,804	1,602	742	1,460	5,272	10,470
Total current income	11,488,632	10,801,129	2,730,083	1,331,198	2,559,817	8,542,165	22,726,496
Net expenses
Salaries and other benefits	315,355	358,134	266,141	195,591	336,584	231,500	405,795
Building	20,241	32,795	16,115	13,236	20,663	21,382	28,496
Equipment	13,755	13,418	5,142	4,564	9,051	11,581	16,959
Software costs	15,399	8,968	8,564	4,804	39,371	11,042	26,537
Recoveries	−11,874	−19,654	−9,350	−13,412	−49,369	−28,664	−54,236
Expenses capitalized²	−2,672	−10,245	−12,370	−13,012	−27,450	−5,467	−22,749
Other expenses	195,802	123,667	147,395	52,837	96,108	58,332	106,826
Total operating expenses before pension expense and reimbursements	546,006	507,083	421,637	244,608	424,958	299,706	507,628
System pension service costs³	228,194	0	0	0	0	0	0
Reimbursable services to government agencies	−42,407	−4,517	−209,289	−81,107	−197,954	−18,653	−2,379
Operating expenses	731,793	502,566	212,348	163,501	227,004	281,053	505,249
Interest expense on securities sold under agreements to repurchase	6,993,793	6,698,463	1,584,922	717,476	1,435,467	5,168,382	10,213,633
Interest to depository institutions and others	2,965,107	11,629,714	881,010	615,920	1,324,864	4,515,964	16,875,134
Other expenses	6	6	1	1	1	5	9
Net expenses	10,690,699	18,830,749	2,678,281	1,496,898	2,987,336	9,965,404	27,594,025
Current net income	797,933	−8,029,620	51,802	−165,700	−427,519	−1,423,239	−4,867,529
Additions to (+) and deductions from (−) current net income
Profit on sales of Treasury securities	−2,128	−2,004	−477	−216	−424	−1,555	−3,015
Profit losses on sales of federal agency and government-sponsored enterprise mortgage-backed securities	−3,801	−3,502	−840	−381	−727	−2,738	−5,169
Foreign currency translation (losses)	−1,655	−1,906	−1,834	−600	−751	−1,008	−9,546
Other components of net benefit cost	89,551	−13,446	−4,230	−42	−7,707	−5,024	−17,157
Net additions or deductions	−3,086	−4,659	−3,024	−794	−1,313	−2,623	−18,034
Net additions or deductions to current net income	78,881	−25,517	−10,405	−2,033	−10,922	−12,948	−52,921
Assessments by Board
Board expenditures⁴	35,094	47,911	25,856	7,237	12,289	23,760	153,757
Cost of currency	173,330	76,369	33,919	18,127	27,279	86,138	167,133
Consumer Financial Protection Bureau⁵	23,224	30,972	16,085	4,503	7,673	17,042	96,774
Assessments by the Board of Governors	231,648	155,252	75,860	29,867	47,241	126,940	417,664
Consolidated variable interest entities
Net income from consolidated variable interest entities	0	0	0	0	0	0	0
Non-controlling interest in consolidated variable interest entities (income), net	0	0	0	0	0	0	0
Reserve Bank and consolidated variable interest entities net income before providing for remittances to the Treasury	645,166	−8,210,389	−34,463	−197,600	−485,682	−1,563,127	−5,338,114
Earnings remittances to the Treasury	179,395	−8,367,234	−79,805	−216,785	−499,248	−1,627,132	−5,430,056
Net (loss) income after providing for remittances to the Treasury	465,771	156,845	45,342	19,185	13,566	64,005	91,942
Other comprehensive income	−399,752	16,180	−8,976	−8,215	7,937	−9,248	2,104
Comprehensive income	66,019	173,025	36,366	10,970	21,503	54,757	94,046
Distribution of comprehensive income
Dividends on capital stock	49,555	76,193	36,297	11,384	19,659	34,657	196,395
Transferred to/from surplus and change in accumulated other comprehensive income⁶	18,914	96,831	67	−417	1,841	20,104	−102,350
Remittances transferred to the Treasury⁷	565,605	0	−18,388	−1,638	−8,787	0	0
Deferred asset increase	−386,210	−8,367,234	−61,416	−215,147	−490,461	−1,627,132	−5,430,056
Earnings remittances to the Treasury, net	179,395	−8,367,234	−79,805	−216,785	−499,248	−1,627,132	−5,430,056
Total distribution of comprehensive income	247,864	−8,194,210	−43,441	−205,818	−477,748	−1,572,371	−5,336,011

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

1. Represents interest income recognized on swap agreements with foreign central banks. Return to table

2. Includes expenses for labor and materials capitalized and depreciated or amortized as charges to activities in the periods benefited. Return to table

3. Reflects the effect of the Financial Accounting Standards Board's Codification Topic (ASC 715) Compensation-Retirement Benefits. Pension service costs for the System Retirement Plan is recorded on behalf of the System in the books of the Federal Reserve Bank of New York. Return to table

4. For additional details, see the Board of Governors Financial Statements at https://www.federalreserve.gov/aboutthefed/audited-annual-financial-statements.htm. Return to table

5. The Board of Governors assesses the Reserve Banks to fund the operations of the Consumer Financial Protection Bureau. These assessments are allocated to each Reserve Bank based on each Reserve Bank's capital and surplus balances as of the most recent quarter. Return to table

6. The total transferred to/from surplus and change in accumulated other comprehensive income for the Federal Reserve Bank of Atlanta excludes $2 million transfer from surplus due to the Office of Employee Benefits' (OEB) postretirement net actuarial gain resulting from the integration of operations into the Bank. Return to table

7. Represents excess earnings remitted to the Treasury after providing for the cost of operations, payment of dividends, and reservation of surplus. On a weekly basis, if earnings become less than the cost of operations, payment of dividends, and any amount necessary to maintain surplus, the Reserve Banks suspend weekly remittances to the Treasury and record a deferred asset. Return to table

Thousands of dollars

Federal Reserve Bank and period	Current income	Net expenses	Net additions or deductions (−)¹	Assessments by the Board of Governors			Other comprehensive income (loss)	Dividends paid	Distributions to the U.S. Treasury		Transferred to/from surplus⁴	Transferred to/from surplus and change in accumulated other comprehensive income⁵
Federal Reserve Bank and period	Current income	Net expenses	Net additions or deductions (−)¹	Board expenditures	Costs of currency	Consumer Financial Protection Bureau and Office of Financial Research²	Other comprehensive income (loss)	Dividends paid	Statutory transfers³	Interest on Federal Reserve notes	Transferred to/from surplus⁴
All banks
1914–15	2,173	2,018	6	302	n/a	n/a	n/a	217	n/a	n/a	n/a	n/a
1916	5,218	2,082	−193	192	n/a	n/a	n/a	1,743	n/a	n/a	n/a	n/a
1917	16,128	4,922	−1,387	238	n/a	n/a	n/a	6,804	1,134	n/a	n/a	1,134
1918	67,584	10,577	−3,909	383	n/a	n/a	n/a	5,541	n/a	n/a	n/a	48,334
1919	102,381	18,745	−4,673	595	n/a	n/a	n/a	5,012	2,704	n/a	n/a	70,652
1920	181,297	27,549	−3,744	710	n/a	n/a	n/a	5,654	60,725	n/a	n/a	82,916
1921	122,866	33,722	−6,315	741	n/a	n/a	n/a	6,120	59,974	n/a	n/a	15,993
1922	50,499	28,837	−4,442	723	n/a	n/a	n/a	6,307	10,851	n/a	n/a	−660
1923	50,709	29,062	−8,233	703	n/a	n/a	n/a	6,553	3,613	n/a	n/a	2,546
1924	38,340	27,768	−6,191	663	n/a	n/a	n/a	6,682	114	n/a	n/a	−3,078
1925	41,801	26,819	−4,823	709	n/a	n/a	n/a	6,916	59	n/a	n/a	2,474
1926	47,600	24,914	−3,638	722	1,714	n/a	n/a	7,329	818	n/a	n/a	8,464
1927	43,024	24,894	−2,457	779	1,845	n/a	n/a	7,755	250	n/a	n/a	5,044
1928	64,053	25,401	−5,026	698	806	n/a	n/a	8,458	2,585	n/a	n/a	21,079
1929	70,955	25,810	−4,862	782	3,099	n/a	n/a	9,584	4,283	n/a	n/a	22,536
1930	36,424	25,358	−93	810	2,176	n/a	n/a	10,269	17	n/a	n/a	−2,298
1931	29,701	24,843	311	719	1,479	n/a	n/a	10,030	n/a	n/a	n/a	−7,058
1932	50,019	24,457	−1,413	729	1,106	n/a	n/a	9,282	2,011	n/a	n/a	11,021
1933	49,487	25,918	−12,307	800	2,505	n/a	n/a	8,874	n/a	n/a	n/a	−917
1934	48,903	26,844	−4,430	1,372	1,026	n/a	n/a	8,782	n/a	n/a	−60	6,510
1935	42,752	28,695	−1,737	1,406	1,477	n/a	n/a	8,505	298	n/a	28	607
1936	37,901	26,016	486	1,680	2,178	n/a	n/a	7,830	227	n/a	103	353
1937	41,233	25,295	−1,631	1,748	1,757	n/a	n/a	7,941	177	n/a	67	2,616
1938	36,261	25,557	2,232	1,725	1,630	n/a	n/a	8,019	120	n/a	−419	1,862
1939	38,501	25,669	2,390	1,621	1,356	n/a	n/a	8,110	25	n/a	−426	4,534
1940	43,538	25,951	11,488	1,704	1,511	n/a	n/a	8,215	82	n/a	−54	17,617
1941	41,380	28,536	721	1,840	2,588	n/a	n/a	8,430	141	n/a	−4	571
1942	52,663	32,051	−1,568	1,746	4,826	n/a	n/a	8,669	198	n/a	50	3,554
1943	69,306	35,794	23,768	2,416	5,336	n/a	n/a	8,911	245	n/a	135	40,327
1944	104,392	39,659	3,222	2,296	7,220	n/a	n/a	9,500	327	n/a	201	48,410
1945	142,210	41,666	−830	2,341	4,710	n/a	n/a	10,183	248	n/a	262	81,970
1946	150,385	50,493	−626	2,260	4,482	n/a	n/a	10,962	67	n/a	28	81,467
1947	158,656	58,191	1,973	2,640	4,562	n/a	n/a	11,523	36	75,284	87	8,366
1948	304,161	64,280	−34,318	3,244	5,186	n/a	n/a	11,920	n/a	166,690	n/a	18,523
1949	316,537	67,931	−12,122	3,243	6,304	n/a	n/a	12,329	n/a	193,146	n/a	21,462
1950	275,839	69,822	36,294	3,434	7,316	n/a	n/a	13,083	n/a	196,629	n/a	21,849
1951	394,656	83,793	−2,128	4,095	7,581	n/a	n/a	13,865	n/a	254,874	n/a	28,321
1952	456,060	92,051	1,584	4,122	8,521	n/a	n/a	14,682	n/a	291,935	n/a	46,334
1953	513,037	98,493	−1,059	4,100	10,922	n/a	n/a	15,558	n/a	342,568	n/a	40,337
1954	438,486	99,068	−134	4,175	6,490	n/a	n/a	16,442	n/a	276,289	n/a	35,888
1955	412,488	101,159	−265	4,194	4,707	n/a	n/a	17,712	n/a	251,741	n/a	32,710
1956	595,649	110,240	−23	5,340	5,603	n/a	n/a	18,905	n/a	401,556	n/a	53,983
1957	763,348	117,932	−7,141	7,508	6,374	n/a	n/a	20,081	n/a	542,708	n/a	61,604
1958	742,068	125,831	124	5,917	5,973	n/a	n/a	21,197	n/a	524,059	n/a	59,215
1959	886,226	131,848	98,247	6,471	6,384	n/a	n/a	22,722	n/a	910,650	n/a	−93,601
1960	1,103,385	139,894	13,875	6,534	7,455	n/a	n/a	23,948	n/a	896,816	n/a	42,613
1961	941,648	148,254	3,482	6,265	6,756	n/a	n/a	25,570	n/a	687,393	n/a	70,892
1962	1,048,508	161,451	−56	6,655	8,030	n/a	n/a	27,412	n/a	799,366	n/a	45,538
1963	1,151,120	169,638	615	7,573	10,063	n/a	n/a	28,912	n/a	879,685	n/a	55,864
1964	1,343,747	171,511	726	8,655	17,230	n/a	n/a	30,782	n/a	1,582,119	n/a	−465,823
1965	1,559,484	172,111	1,022	8,576	23,603	n/a	n/a	32,352	n/a	1,296,810	n/a	27,054
1966	1,908,500	178,212	996	9,022	20,167	n/a	n/a	33,696	n/a	1,649,455	n/a	18,944
1967	2,190,404	190,561	2,094	10,770	18,790	n/a	n/a	35,027	n/a	1,907,498	n/a	29,851
1968	2,764,446	207,678	8,520	14,198	20,474	n/a	n/a	36,959	n/a	2,463,629	n/a	30,027
1969	3,373,361	237,828	−558	15,020	22,126	n/a	n/a	39,237	n/a	3,019,161	n/a	39,432
1970	3,877,218	276,572	11,442	21,228	23,574	n/a	n/a	41,137	n/a	3,493,571	n/a	32,580
1971	3,723,370	319,608	94,266	32,634	24,943	n/a	n/a	43,488	n/a	3,356,560	n/a	40,403
1972	3,792,335	347,917	−49,616	35,234	31,455	n/a	n/a	46,184	n/a	3,231,268	n/a	50,661
1973	5,016,769	416,879	−80,653	44,412	33,826	n/a	n/a	49,140	n/a	4,340,680	n/a	51,178
1974	6,280,091	476,235	−78,487	41,117	30,190	n/a	n/a	52,580	n/a	5,549,999	n/a	51,483
1975	6,257,937	514,359	−202,370	33,577	37,130	n/a	n/a	54,610	n/a	5,382,064	n/a	33,828
1976	6,623,220	558,129	7,311	41,828	48,819	n/a	n/a	57,351	n/a	5,870,463	n/a	53,940
1977	6,891,317	568,851	−177,033	47,366	55,008	n/a	n/a	60,182	n/a	5,937,148	n/a	45,728
1978	8,455,309	592,558	−633,123	53,322	60,059	n/a	n/a	63,280	n/a	7,005,779	n/a	47,268
1979	10,310,148	625,168	−151,148	50,530	68,391	n/a	n/a	67,194	n/a	9,278,576	n/a	69,141
1980	12,802,319	718,033	−115,386	62,231	73,124	n/a	n/a	70,355	n/a	11,706,370	n/a	56,821
1981	15,508,350	814,190	−372,879	63,163	82,924	n/a	n/a	74,574	n/a	14,023,723	n/a	76,897
1982	16,517,385	926,034	−68,833	61,813	98,441	n/a	n/a	79,352	n/a	15,204,591	n/a	78,320
1983	16,068,362	1,023,678	−400,366	71,551	152,135	n/a	n/a	85,152	n/a	14,228,816	n/a	106,663
1984	18,068,821	1,102,444	−412,943	82,116	162,606	n/a	n/a	92,620	n/a	16,054,095	n/a	161,996
1985	18,131,983	1,127,744	1,301,624	77,378	173,739	n/a	n/a	103,029	n/a	17,796,464	n/a	155,253
1986	17,464,528	1,156,868	1,975,893	97,338	180,780	n/a	n/a	109,588	n/a	17,803,895	n/a	91,954
1987	17,633,012	1,146,911	1,796,594	81,870	170,675	n/a	n/a	117,499	n/a	17,738,880	n/a	173,771
1988	19,526,431	1,205,960	−516,910	84,411	164,245	n/a	n/a	125,616	n/a	17,364,319	n/a	64,971
1989	22,249,276	1,332,161	1,254,613	89,580	175,044	n/a	n/a	129,885	n/a	21,646,417	n/a	130,802
1990	23,476,604	1,349,726	2,099,328	103,752	193,007	n/a	n/a	140,758	n/a	23,608,398	n/a	180,292
1991	22,553,002	1,429,322	405,729	109,631	261,316	n/a	n/a	152,553	n/a	20,777,552	n/a	228,356
1992	20,235,028	1,474,531	−987,788	128,955	295,401	n/a	n/a	171,763	n/a	16,774,477	n/a	402,114
1993	18,914,251	1,657,800	−230,268	140,466	355,947	n/a	n/a	195,422	n/a	15,986,765	n/a	347,583
1994	20,910,742	1,795,328	2,363,862	146,866	368,187	n/a	n/a	212,090	n/a	20,470,011	n/a	282,122
1995	25,395,148	1,818,416	857,788	161,348	370,203	n/a	n/a	230,527	n/a	23,389,367	n/a	283,075
1996	25,164,303	1,947,861	−1,676,716	162,642	402,517	n/a	n/a	255,884	5,517,716	14,565,624	n/a	635,343
1997	26,917,213	1,976,453	−2,611,570	174,407	364,454	n/a	n/a	299,652	20,658,972	0	n/a	831,705
1998	28,149,477	1,833,436	1,906,037	178,009	408,544	n/a	n/a	343,014	17,785,942	8,774,994	n/a	731,575
1999	29,346,836	1,852,162	−533,557	213,790	484,959	n/a	n/a	373,579	n/a	25,409,736	n/a	479,053
2000	33,963,992	1,971,688	−1,500,027	188,067	435,838	n/a	n/a	409,614	n/a	25,343,892	n/a	4,114,865
2001	31,870,721	2,084,708	−1,117,435	295,056	338,537	n/a	n/a	428,183	n/a	27,089,222	n/a	517,580
2002	26,760,113	2,227,078	2,149,328	205,111	429,568	n/a	n/a	483,596	n/a	24,495,490	n/a	1,068,598
2003	23,792,725	2,462,658	2,481,127	297,020	508,144	n/a	n/a	517,705	n/a	22,021,528	n/a	466,796
2004	23,539,942	2,238,705	917,870	272,331	503,784	n/a	n/a	582,402	n/a	18,078,003	n/a	2,782,587
2005	30,729,357	2,889,544	−3,576,903	265,742	477,087	n/a	n/a	780,863	n/a	21,467,545	n/a	1,271,672
2006	38,410,427	3,263,844	−158,846	301,014	491,962	n/a	n/a	871,255	n/a	29,051,678	n/a	4,271,828
2007	42,576,025	3,510,206	198,417	296,125	576,306	n/a	324,481	992,353	n/a	34,598,401	n/a	3,125,533
2008	41,045,582	4,870,374	3,340,628	352,291	500,372	n/a	−3,158,808	1,189,626	n/a	31,688,688	n/a	2,626,053
2009	54,463,121	5,978,795	4,820,204	386,400	502,044	n/a	1,006,813	1,428,202	n/a	47,430,237	n/a	4,564,460
2010	79,300,937	6,270,420	9,745,562	422,200	622,846	42,286	45,881	1,582,785	n/a	79,268,124	n/a	883,724
2011	85,241,366	7,316,643	2,015,991	472,300	648,798	281,712	−1,161,848	1,577,284	n/a	75,423,597	n/a	375,175
2012	81,586,102	7,798,353	18,380,835	490,001	722,301	387,279	−52,611	1,637,934	n/a	88,417,936	n/a	460,528
2013	91,149,953	9,134,656	−1,029,750	580,000	701,522	563,200	2,288,811	1,649,277	n/a	79,633,271	n/a	147,088
2014	116,561,512	10,714,872	−2,718,283	590,000	710,807	563,000	−1,611,569	1,685,826	n/a	96,901,695	n/a	1,064,952
2015	114,233,676	11,139,956	−1,305,513	705,000	689,288	489,700	366,145	1,742,745	25,955,921	91,143,493	n/a	−18,571,798
2016	111,743,998	17,262,620	−114,255	709,000	700,728	596,200	−183,232	711,423	91,466,545	n/a	n/a	0
2017	114,193,573	33,397,138	1,932,579	740,000	723,534	573,000	650,808	783,599	80,559,689	n/a	n/a	0
2018	112,861,657	47,353,636	−382,959	838,000	848,807	337,100	41,831	998,703	65,319,280	n/a	n/a	−3,175,000
2019	103,220,435	45,423,825	−169,458	814,000	836,975	518,600	148,923	713,931	54,892,569	n/a	n/a	0
2020	102,036,168	13,454,957	2,266,152	947,000	831,133	517,300	−1,275,509	386,312	86,890,110	n/a	n/a	0
2021	123,058,495	11,007,927	−1,489,296	970,000	1,035,105	627,500	1,639,423	583,417	109,024,672	n/a	n/a	−40,000
2022	170,683,732	107,849,830	−1,207,343	1,015,000	1,053,616	722,200	1,818,927	1,209,101	59,445,569	n/a	n/a	0
2023	175,136,109	286,480,845	−131,200	1,144,000	1,047,430	720,500	−275,578	1,488,823	−116,063,336	n/a	n/a	0
Total 1914–2023	2,429,982,082	682,312,307	38,184,109	16,176,118	21,583,623	6,939,577	612,889	29,100,118	501,604,977	1,198,433,402	−4	12,727,389 ⁶
Aggregate for each Bank, 1914–2023
Boston	77,234,257	17,002,027	281,881	702,406	1,097,706	307,129	34,315	1,273,871	11,891,692	44,842,511	135	491,391
New York	1,158,651,610	361,401,775	27,110,403	4,862,508	5,387,426	2,279,609	254,168	8,405,931	253,867,128	545,077,826	−433	4,776,724
Philadelphia	69,900,060	15,533,377	721,196	883,705	959,960	376,518	54,040	1,888,518	14,319,913	36,308,189	291	405,335
Cleveland	95,219,039	22,409,748	499,421	1,291,740	1,265,379	579,615	67,357	2,241,595	17,354,800	49,612,575	−10	1,023,445
Richmond	171,924,163	58,882,600	1,878,800	3,164,095	1,865,699	1,459,365	158,431	5,839,553	19,035,258	81,295,580	−72	2,439,416
Atlanta	160,353,024	34,052,070	1,760,900	953,796	2,568,188	352,738	−288,254	1,794,673	45,947,335	75,616,315	5	572,781
Chicago	182,911,275	46,887,963	1,810,155	942,152	2,115,480	246,311	92,074	1,675,293	22,387,710	109,806,844	12	749,360
St. Louis	52,249,552	9,613,367	378,748	275,326	736,236	97,136	51,901	485,639	10,046,205	31,149,772	−27	258,647
Minneapolis	28,784,916	7,599,512	416,253	237,403	418,594	41,340	53,571	494,633	4,826,592	15,436,029	65	195,980
Kansas City	57,092,205	12,393,393	555,764	263,717	737,247	71,276	26,114	498,715	9,036,774	34,476,668	−9	194,439
Dallas	103,077,981	24,841,623	1,069,226	404,707	1,452,120	116,705	66,140	731,836	26,445,366	49,889,286	55	289,213
San Francisco	272,583,990	71,694,854	1,711,363	2,194,566	2,979,586	1,011,842	43,033	3,769,860	66,446,207	124,921,807	−17	1,330,661
Total	2,429,982,082	682,312,307	38,194,109	16,176,118	21,583,623	6,939,577	612,889	29,100,118	501,604,977	1,198,433,402	−4	12,727,389

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

1. For 1987 and subsequent years, includes the cost of services provided to the Treasury by Federal Reserve Banks for which reimbursement was not received. Return to table

2. Starting in 2010, as required under the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, the Board of Governors began assessing the Reserve Banks to fund the operations of the Consumer Financial Protection Bureau and, for a two-year period beginning July 21, 2010, the Office of Financial Research. These assessments are allocated to the Reserve Banks based on each Reserve Bank's capital and surplus balances as of the most recent quarter. Return to table

3. Represents transfers made as a franchise tax from 1917 through 1932; transfers made under section 13b of the Federal Reserve Act from 1935 through 1947; transfers made under section 7 of the Federal Reserve Act for 1996, 1997, and 2015 to present. Starting in 2022, represents earnings remittances to the Treasury, net of the deferred asset change. Return to table

4. Transfers made under section 13b of the Federal Reserve Act. Return to table

5. Transfers made under section 7 of the Federal Reserve Act. Beginning in 2006, accumulated other comprehensive income is reported as a component of surplus.
The total transferred to/from surplus and change in accumulated other comprehensive income for the Federal Reserve Bank of Atlanta excludes $2 million transfer from surplus due to the Office of Employee Benefits' (OEB) postretirement net actuarial gain resulting from the integration of operations into the Bank. Return to table

6. The $12,727,389 thousand transferred to surplus was reduced by direct charges of $500 thousand for charge-off on Bank premises (1927); $139,300 thousand for contributions to capital of the Federal Deposit Insurance Corporation (1934); $4 thousand net upon elimination of section 13b surplus (1958); $106,000 thousand (1996), $107,000 thousand (1997), and $3,752,000 thousand (2000) transferred to the Treasury as statutorily required; and $1,848,716 thousand related to the implementation of SFAS No. 158 (2006) and was increased by a transfer of $11,131 thousand from reserves for contingencies (1955), leaving a balance of $6,785,000 thousand on December 31, 2021. Return to table

n/a Not applicable.

Operation	2023	2022	2021	2020
Millions of pieces
Currency processed	29,347	29,695	28,172	26,596
Currency destroyed	3,639	3,884	1,351	2,044
Coin received	37,028	31,932	30,370	33,994
Checks handled
U.S. government checks¹	40	46	131	83
Postal money orders	62	65	70	74
Commercial	3,146	3,374^r	3,657	3,767
Securities transfers²	26	22	19	21
Funds transfers³	193	196	204	184
Automated clearinghouse transactions
Commercial	18,858	18,518^r	17,895	16,549
Government	1,708	1,661	1,959	1,878
Millions of dollars
Currency processed	738,523	707,947	657,495	561,278
Currency destroyed	81,914	83,906^r	20,426^r	30,536^r
Coin received	3,500	2,770	2,811	3,294
Checks handled
U.S. government checks¹	286,054	220,813	272,637	205,905
Postal money orders	19,522	19,467	20,161	20,558
Commercial	8,448,698	8,947,734	8,757,539	7,874,721
Securities transfers²	434,469,882	341,806,733	310,827,220	361,728,932
Funds transfers³	1,087,195,950	1,060,257,294	991,810,545	840,483,038
Automated clearinghouse transactions
Commercial	39,464,185	38,685,527	31,446,232	31,446,232
Government	8,001,098	7,890,609	8,118,875	6,852,715

1. Includes government checks handled electronically (electronic checks). Return to table

2. Data on securities transfers do not include reversals. Return to table

3. Data on funds transfers do not include non-value transfers. Return to table

r Revised.

Federal Reserve Bank (including Branches)	President	Other officers		Employees				Total
	Annual salary (dollars)¹	Number	Annual salaries (dollars)¹	Number			Annual salaries (dollars)¹	Number	Annual salaries (dollars)¹
	Annual salary (dollars)¹	Number	Annual salaries (dollars)¹	Full time	Part time	Temporary/ hourly²	Annual salaries (dollars)¹	Number	Annual salaries (dollars)¹
Boston	481,800	113	34,264,608	1,158	7	3	166,237,836	1,282	200,984,244
New York	551,000	576	176,921,270	2,367	14	0	375,963,642	2,958	553,435,912
Philadelphia	481,000	71	18,526,800	796	8	12	95,816,054	888	114,823,854
Cleveland	473,700	78	20,434,000	980	10	26	113,158,595	1,095	134,066,295
Richmond	448,600	105	26,356,400	1,445	5	4	166,245,557	1,560	193,050,557
Atlanta³	461,700	135	35,913,620	1,603	10	12	183,103,041	1,761	219,478,361
Chicago	464,000	168	46,656,997	1,505	18	5	197,009,439	1,697	244,130,436
St. Louis⁴	0	103	27,745,000	1,370	10	4	159,045,565	1,487	186,790,565
Minneapolis	481,100	64	16,735,554	1,023	39	14	109,684,982	1,141	126,901,636
Kansas City	431,500	110	25,824,300	1,932	14	1	189,605,635	2,058	215,861,435
Dallas	459,100	80	20,993,750	1,221	10	3	133,599,798	1,315	155,052,648
San Francisco	533,800	129	38,500,407	1,666	13	17	224,370,138	1,826	263,404,345
Federal Reserve Information Technology	n/a	84	23,211,200	1,632	1	5	230,911,672	1,722	254,122,872
Total	5,267,300	1,816	512,083,906	18,698	159	106	2,344,751,955	20,790	2,862,103,161

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

1. Annual salary (excluding outside agency costs) based on salaries effective on December 31, 2023. Return to table

2. Temporary/hourly employees are paid by the Bank, generally work less than 780 hours, and are employed on a temporary basis (such as interns). Return to table

3. In 2023, the Office of Employee Benefits became part of the Federal Reserve Bank of Atlanta. Return to table

4. The president of the Federal Reserve Bank of St. Louis retired in August 2023. Return to table

n/a Not applicable.

Thousands of dollars

Federal Reserve Bank or Branch	Acquisition costs			Net book value	Other real estate
Federal Reserve Bank or Branch	Land	Buildings (including vaults)¹	Total	Net book value	Other real estate
Boston	27,293	241,418	268,711	94,771	n/a
New York	73,867	675,168	749,035	372,324	n/a
Philadelphia	8,146	174,766	182,912	73,502	n/a
Cleveland	4,585	171,076	175,661	84,297	n/a
Cincinnati	4,877	35,717	40,594	10,570	n/a
Richmond	32,524	209,672	242,196	94,787	n/a
Baltimore	7,916	48,741	56,657	23,686	n/a
Charlotte	7,885	49,592	57,477	25,409	n/a
Atlanta	26,193	166,417	192,610	110,615	n/a
Birmingham	5,347	14,618	19,965	10,292	n/a
Jacksonville	2,185	28,594	30,779	11,518	n/a
New Orleans	3,785	19,524	23,309	10,701	n/a
Miami	11,173	62,344	73,517	48,694	n/a
Chicago	7,459	291,544	299,003	120,347	n/a
Detroit	13,812	77,447	91,259	59,418	n/a
St. Louis	9,467	159,001	168,468	74,512	n/a
Memphis	2,472	28,265	30,737	11,305	n/a
Minneapolis	28,199	135,938	164,137	94,565	n/a
Helena	3,316	10,470	13,786	5,821	n/a
Kansas City	39,011	223,374	262,385	183,767	n/a
Denver	5,346	24,932	30,278	18,271	n/a
Omaha	5,605	16,155	21,760	12,429	n/a
Dallas	37,960	167,714	205,674	106,650	n/a
El Paso	263	6,673	6,936	1,404	n/a
Houston	32,893	108,108	141,001	94,486	n/a
San Francisco	21,423	171,981	193,404	81,000	n/a
Los Angeles²	6,306	107,732	114,038	53,117	n/a
Salt Lake City	1,294	7,371	8,665	2,727	n/a
Seattle	14,856	54,278	69,134	48,843	n/a
Total	445,458	3,488,630	3,934,088	1,939,828	n/a

1. Includes expenditures for construction at some offices, pending allocation to appropriate accounts. Return to table

2. In 2023, the Phoenix office costs were consolidated into the Los Angeles Branch because it is an office of that Branch. Return to table

n/a Not applicable.

Board of Governors of the Federal Reserve System

Annual Report - 2023

Statistical Tables

Table G.1. Federal Reserve open market transactions, 2023

Table G.2. Federal Reserve Bank holdings of U.S. Treasury and federal agency securities, December 31, 2021–23

Table G.3. Reserve requirements of depository institutions, December 31, 2023

Table G.4. Banking offices and banks affiliated with bank holding companies in the United States, December 31, 2022 and 2023

Table G.5A. Reserves of depository institutions, Federal Reserve Bank credit, and related items, year-end 1984–2023 and month-end 2023

Table G.5A. Reserves of depository institutions, Federal Reserve Bank credit, and related items, year-end 1984–2023 and month-end 2023—continued

Table G.5B. Reserves of depository institutions, Federal Reserve Bank credit, and related items, year-end 1918–1983

Table G.5B. Reserves of depository institutions, Federal Reserve Bank credit, and related items, year-end 1918–1983—continued

Table G.6. Principal assets and liabilities of insured commercial banks, by class of bank, June 30, 2023 and 2022

Table G.7. Initial margin requirements under Regulations T, U, and X

Table G.8A. Statement of condition of the Federal Reserve Banks, by Bank, December 31, 2023 and 2022

Table G.8A. Statement of condition of the Federal Reserve Banks, by Bank, December 31, 2023 and 2022—continued

Table G.8B. Statement of condition of the Federal Reserve Banks, December 31, 2023 and 2022

Table G.9. Income and expenses of the Federal Reserve Banks, by Bank, 2023

Table G.9. Income and expenses of the Federal Reserve Banks, by Bank, 2023—continued

Table G.10. Income and expenses of the Federal Reserve Banks, 1914–2023

Table G.11. Operations in principal departments of the Federal Reserve Banks, 2020–23

Table G.12. Number and annual salaries of officers and employees of the Federal Reserve Banks, December 31, 2023

Table G.13. Acquisition costs and net book value of the premises of the Federal Reserve Banks and Branches, December 31, 2023