FRB: Annual Report 2013 - Table 9a, Statement of condition of the Federal Reserve Banks, by Bank, December 31, 2013 and 2012

Annual Report 2013

Statistical Table 9A

Table 9A. Statement of condition of the Federal Reserve Banks, by Bank, December 31, 2013 and 2012
Millions of dollars
Item	Total		Boston		New York		Philadelphia		Cleveland		Richmond
Item	2013	2012	2013	2012	2013	2012	2013	2012	2013	2012	2013	2012
Assets
Gold certificates	11,037	11,037	391	408	3,925	3,824	397	437	512	515	856	890
Special drawing rights certificates	5,200	5,200	196	196	1,818	1,818	210	210	237	237	412	412
Coin	1,955	2,108	35	38	82	90	123	141	130	145	335	373
Loans and securities
Primary, secondary, and seasonal loans	74	70	0	2	10	18	0	2	0	0	1	0
Term Asset-Backed Securities Loan Facility ¹	98	560	...	...	98	560	...	...	...	...	...	...
Treasury securities, bought outright ²	2,208,775	1,666,145	57,757	40,467	1,224,856	934,131	63,998	55,079	56,410	42,361	137,343	118,582
Government-sponsored enterprise debt securities, bought outright²	57,221	76,783	1,496	1,865	31,731	43,048	1,658	2,538	1,461	1,952	3,558	5,465
Federal agency and government-sponsored enterprise mortgage-backed securities, bought outright ³	1,490,162	926,662	38,966	22,507	826,356	519,536	43,176	30,633	38,057	23,560	92,659	65,952
Unamortized premiums on securities held outright ⁴	208,610	170,962	5,455	4,153	115,682	95,852	6,043	5,651	5,329	4,346	12,972	12,168
Unamortized discounts on securities held outright⁴	-12,352	-1,564	-323	-37	-6,850	-877	-357	-50	-316	-40	-768	-112
Total loans and securities	3,952,588	2,839,618	103,351	68,958	2,191,883	1,592,268	114,518	93,853	100,941	72,179	245,765	202,055
Accrued interest receivable - System Open Market Account	23,493	19,031	616	463	13,007	10,645	685	635	605	489	1,474	1,369
Net portfolio holdings of consolidated variable interest entities ⁵	1,926	2,750	...	...	1,926	2,750	...	...	...	...	...	...
Foreign currency denominated assets ⁶	23,724	24,873	1,166	872	7,583	8,023	1,835	2,157	1,851	1,839	4,982	5,145
Central bank liquidity swaps ⁷	272	8,889	13	312	87	2,867	21	771	21	657	57	1,839
Other assets
Items in process of collection	165	216	0	0	0	0	0	0	0	8	0	0
Bank premises	2,290	2,318	123	119	432	431	73	71	111	115	228	230
All other assets ⁸	1,499	1,096	64	56	581	251	43	45	42	47	247	226
Interdistrict settlement account	0	0	6,796	31,984	166,886	-110,116	-19,721	-16,451	4,138	3,671	-32,634	-28,388
Total assets	4,024,149	2,917,136	112,751	103,406	2,388,210	1,512,851	98,184	81,869	108,588	79,902	221,722	184,151
Liabilities
Federal Reserve notes outstanding	1,400,977	1,354,878	45,182	47,464	513,592	478,110	41,983	47,566	58,552	60,564	104,492	103,121
Less: Notes held by Federal Reserve Bank	203,057	228,217	9,988	6,244	38,515	93,101	5,920	4,304	5,080	8,060	8,774	11,462
Federal Reserve notes outstanding, net	1,197,920	1,126,661	35,194	41,220	475,077	385,008	36,063	43,262	53,472	52,504	95,718	91,659
Securities sold under agreements to repurchase ⁹	315,924	107,188	8,261	2,603	175,193	60,096	9,154	3,543	8,068	2,725	19,645	7,629
Deposits
Depository institutions	2,249,070	1,491,045	66,567	56,666	1,518,974	917,383	48,568	30,547	42,425	20,154	94,182	72,657
Treasury, general account	162,399	92,720	...	...	162,399	92,720	...	...	...	...	...	...
Foreign, official accounts	7,970	6,427	2	1	7,943	6,399	3	3	3	3	8	8
Other ¹⁰	26,180	27,476	8	8	26,020	27,345	17	14	0	0	105	68
Total deposits	2,445,619	1,617,668	66,577	56,675	1,715,336	1,043,847	48,588	30,564	42,428	20,157	94,295	72,733
Other liabilities
Accrued remittances to Treasury ¹¹	4,791	1,407	87	31	3,328	831	84	29	84	17	192	51
Deferred credit items	1,127	702	0	0	0	0	0	0	3	3	0	0
Consolidated variable interest entities ¹²	274	1,218	...	...	274	1,218	...	...	...	...	...	...
All other liabilities ¹³	3,480	7,572	130	187	1,312	4,361	159	239	157	228	400	587
Total liabilities	3,969,135	2,862,416	110,249	100,716	2,370,520	1,495,361	94,048	77,637	104,212	75,634	210,250	172,659
Capital accounts
Capital paid in	27,507	27,360	1,251	1,345	8,845	8,745	2,068	2,116	2,188	2,134	5,736	5,746
Surplus (including accumulated other comprehensive loss)	27,507	27,360	1,251	1,345	8,845	8,745	2,068	2,116	2,188	2,134	5,736	5,746
Total liabilities and capital accounts	4,024,149	2,917,136	112,751	103,406	2,388,210	1,512,851	98,184	81,869	108,588	79,902	221,722	184,151

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

1.Measured at fair value. Amounts include $1 million and $4 million in unrealized gains as of December 31, 2013 and 2012, respectively. Return to table

2.Par value. Includes securities loaned--fully collateralized by U.S. Treasury securities, other investment-grade securities, and collateral eligible for tri-party repurchase agreements pledged with Federal Reserve Banks. Return to table

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

4. 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. Return to table

5.The FRBNY is the primary beneficiary of TALF LLC, Maiden Lane LLC, Maiden Lane II LLC, and Maiden Lane III LLC and, as a result, the accounts and results of operations of these entities are included in the combined financial statements of the Federal Reserve Banks. For additional details, see section 5, "Table 6. Key financial data for consolidated variable interest entities." Return to table

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

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. Return to table

8.Includes furniture and equipment and depository institution overdrafts. Return to table

9.Contract amount of agreements. Return to table

10. Includes deposits of government-sponsored enterprises, the Consumer Financial Protection Bureau, and international organizations. These deposits are primarily held by the FRBNY. Return to table

11. 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 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. Return to table

12.The other beneficial interest holder related to the TALF LLC is the U.S. Treasury; to Maiden Lane LLC, it is JPMorgan Chase; and to Maiden Lane II and Maiden Lane III LLCs, it is AIG. Return to table

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

... Not applicable.

Table 9A. Statement of condition of the Federal Reserve Banks, by Bank, December 31, 2013 and 2012 *--continued*
Millions of dollars
Item	Atlanta		Chicago		St. Louis		Minneapolis		Kansas City		Dallas		San Francisco
Item	2013	2012	2013	2012	2013	2012	2013	2012	2013	2012	2013	2012	2013	2012
Assets
Gold certificates	1,421	1,337	792	839	310	313	190	192	309	315	728	725	1,206	1,242
Special drawing rights certificates	654	654	424	424	150	150	90	90	153	153	282	282	574	574
Coin	238	209	285	311	19	35	48	51	152	165	178	196	332	354
Loans and securities
Primary, secondary, and seasonal loans	6	4	18	9	3	0	27	32	9	3	0	0	0	0
Term Asset-Backed Securities Loan Facility ¹	......	...	...	...	...	...	...	...	...	...	...	...	...	...
Treasury securities, bought outright ²	146,726	100,457	119,354	92,430	35,540	26,048	20,960	15,147	41,788	33,473	85,772	64,738	218,271	143,229
Government-sponsored enterprise debt securities, bought outright²	3,801	4,629	3,092	4,260	921	1,201	543	698	1,083	1,543	2,222	2,983	5,655	6,601
Federal agency and government- sponsored enterprise mortgage-backed securities, bought outright ³	98,989	55,871	80,523	51,407	23,977	14,487	14,140	8,424	28,192	18,617	57,867	36,006	147,258	79,660
Unamortized premiums on securities held outright ⁴	13,858	10,308	11,273	9,485	3,355	2,673	1,980	1,555	3,947	3,434	8,101	6,643	20,614	14,697
Unamortized discounts on securities held outright⁴	-821	-93	-668	-87	-198	-24	-117	-15	-233	-31	-479	-61	-1,220	-135
Total loans and securities	262,559	171,176	213,592	157,504	63,598	44,385	37,533	25,841	74,786	57,039	153,483	110,309	390,578	244,052
Accrued interest receivable - System Open Market Account	1,560	1,147	1,267	1,053	377	297	222	173	444	381	910	737	2,325	1,643
Net portfolio holdings of consolidated variable interest entities ⁵	...	...	...	...	...	...	...	...	...	...	...	...	...	...
Foreign currency denominated assets ⁶	1,352	1,422	677	663	198	203	99	101	240	247	376	398	3,365	3,800
Central bank liquidity swaps ⁷	15	508	8	237	2	73	1	36	3	89	4	142	39	1,358
Other assets
Items in process of collection	165	208	0	0	0	1	0	0	0	0	0	0	0	0
Bank premises	211	215	203	203	127	131	99	103	247	252	231	239	204	209
All other assets ⁸	95	108	61	58	84	56	72	59	42	38	60	63	109	89
Interdistrict settlement account	-44,679	36,287	-53,946	-856	-19,511	958	-14,795	2,869	-22,792	-4,827	-31,534	5,662	61,793	79,207
Total assets	223,591	213,271	163,363	160,436	45,354	46,602	23,559	29,515	53,584	53,852	124,718	118,753	460,525	332,528
Liabilities
Federal Reserve notes outstanding	170,140	175,865	89,177	95,089	34,459	37,318	21,614	22,352	36,847	36,361	120,857	95,624	164,081	155,444
Less: Notes held by Federal Reserve Bank	18,059	26,016	13,399	12,410	3,161	3,780	9,275	3,123	10,308	6,603	53,146	28,068	27,431	25,047
Federal Reserve notes outstanding, net	152,081	149,849	75,778	82,679	31,298	33,538	12,339	19,229	26,539	29,758	67,711	67,556	136,650	130,397
Securities sold under agreements to repurchase ⁹	20,986	6,463	17,071	5,946	5,083	1,676	2,998	974	5,977	2,153	12,268	4,165	31,219	9,214
Deposits
Depository institutions	45,828	52,776	68,547	69,746	8,325	10,739	7,723	8,790	20,315	21,194	43,500	45,805	284,115	184,588
Treasury, general account	...	...	...	...	...	...	...	...	...	...	...	...	...	...
Foreign, official accounts	2	2	1	1	0	0	0	0	0	0	1	1	6	6
Other ¹⁰	10	8	13	26	0	0	0	0	1	2	3	6	3	1
Total deposits	45,840	52,786	68,561	69,773	8,325	10,739	7,723	8,790	20,316	21,196	43,504	45,812	284,124	184,595
Other liabilities
Acrued remittances to Treasury ¹¹	231	90	186	89	62	27	44	11	66	39	137	75	292	118
Deferred credit items	1,009	553	0	0	0	0	118	147	0	0	0	0	0	0
Consolidated variable interest entities ¹²	...	...	...	...	...	...	...	...	...	...	...	...	...	...
All other liabilities ¹³	280	412	249	389	124	166	105	134	106	152	178	277	278	442
Total liabilities	220,427	210,153	161,845	158,876	44,892	46,146	23,327	29,285	53,004	53,298	123,798	117,885	452,563	324,766
Capital accounts
Capital paid in	1,582	1,559	759	780	231	228	116	115	290	277	460	434	3,981	3,881
Surplus (including accumulated other comprehensive loss)	1,582	1,559	759	780	231	228	116	115	290	277	460	434	3,981	3,881
Total liabilities and capital accounts	223,591	213,271	163,363	160,436	45,354	46,602	23,559	29,515	53,584	53,852	124,718	118,753	460,525	332,528

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

1. Measured at fair value. Amounts include $1 million and $4 million in unrealized gains as of December 31, 2013 and 2012, respectively. Return to table

2. Par value. Includes securities loaned--fully collateralized by U.S. Treasury securities, other investment-grade securities, and collateral eligible for tri-party repurchase agreements pledged with Federal Reserve Banks. Return to table

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

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

8. Includes furniture and equipment and depository institution overdrafts. Return to table

9. Contract amount of agreements. Return to table

10. Includes deposits of government-sponsored enterprises, the Consumer Financial Protection Bureau, and international organizations. These deposits are primarily held by the FRBNY. Return to table

12. The other beneficial interest holder related to the TALF LLC is the U.S. Treasury; to Maiden Lane LLC, it is JPMorgan Chase; and to Maiden Lane II and Maiden Lane III LLCs, it is AIG. Return to table

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

... Not applicable.

Last update: July 2, 2014