Annual Report 2015

Table 9A. Statement of condition of the Federal Reserve Banks, by Bank, December 31, 2015 and 2014
Millions of dollars
Item Total Boston New York Philadelphia Cleveland Richmond
2015 2014 2015 2014 2015 2014 2015 2014 2015 2014 2015 2014
Assets
Gold certificates 11,037 11,037 347 352 3,709 4,125 340 338 505 464 783 824
Special drawing rights certificates 5,200 5,200 196 196 1,818 1,818 210 210 237 237 412 412
Coin 1,890 1,873 45 30 72 79 129 122 135 120 301 307
Loans and securities
Primary, secondary, and seasonal loans 115 145 0 11 0 4 0 7 0 0 0 1
Treasury securities, bought outright 1 2,461,552 2,461,363 62,399 49,789 1,477,698 1,510,695 61,222 58,967 59,182 53,740 133,696 137,567
Government-sponsored enterprise debt securities, bought outright1 32,944 38,677 835 782 19,777 23,739 819 927 792 844 1,789 2,162
Federal agency and government-sponsored enterprise mortgage-backed securities, bought outright 2 1,747,461 1,736,833 44,297 35,133 1,049,022 1,066,005 43,462 41,609 42,013 37,921 94,911 97,073
Unamortized premiums on securities held outright 3 189,486 206,835 4,804 4,184 113,752 126,948 4,713 4,955 4,556 4,516 10,292 11,560
Unamortized discounts on securities held outright3 -16,570 -18,394 -420 -372 -9,947 -11,290 -411 -441 -399 -402 -900 -1,028
Total loans and securities 4,414,988 4,425,459 111,915 89,527 2,650,302 2,716,101 109,805 106,024 106,144 96,619 239,788 247,335
Accrued interest receivable - System Open Market Account 25,418 25,644 646 521 15,241 15,715 634 619 615 565 1,392 1,446
Net portfolio holdings of consolidated variable interest entities 4 1,778 1,811 n/a n/a 1,778 1,811 n/a n/a n/a n/a n/a n/a
Foreign currency denominated investments 5 19,567 20,900 887 951 6,306 6,720 1,093 1,571 1,525 1,662 4,490 4,358
Central bank liquidity swaps 6 997 1,528 45 70 321 491 56 115 78 122 229 319
Other SOMA assets 14 29 0 1 9 18 0 1 0 1 1 2
Other assets
Items in process of collection 210 86 0 0 0 0 0 0 0 0 0 0
Bank premises 2,240 2,263 125 124 438 437 75 76 106 110 212 220
Deferred asset (accrued liability)- remittances to the Treasury 0 667 0 0 0 923 0 0 0 5 0 0
All other assets 7 1,426 1,277 68 66 304 341 41 43 45 45 245 244
Interdistrict settlement account 0 0 -3,804 49,233 -265,063 -187,283 17,050 -4,108 37,004 38,162 29,869 -3,289
Total assets 4,484,765 4,497,774 110,470 141,071 2,415,235 2,561,296 129,433 105,011 146,394 138,112 277,722 252,178
Liabilities
Federal Reserve notes outstanding 1,549,750 1,469,554 49,477 45,956 498,609 475,290 49,312 46,452 82,794 68,649 106,647 103,087
Less: Notes held by Federal Reserve Bank 170,199 170,829 4,871 4,688 64,415 56,971 5,358 4,940 8,137 7,811 10,988 11,152
Federal Reserve notes outstanding, net 1,379,551 1,298,725 44,606 41,268 434,194 418,319 43,954 41,512 74,657 60,838 95,659 91,935
Securities sold under agreements to repurchase 8 712,401 509,837 18,059 10,313 427,663 312,919 17,719 12,214 17,128 11,132 38,693 28,495
Deposits
Depository institutions 1,977,166 2,377,996 45,875 86,758 1,175,023 1,560,513 65,374 47,897 51,363 61,513 133,840 118,097
Treasury, general account 333,447 223,452 n/a n/a 333,447 223,452 n/a n/a n/a n/a n/a n/a
Foreign, official accounts 5,231 5,242 2 2 5,204 5,214 2 3 3 3 9 8
Other 9 31,301 20,318 2 2 23,738 20,177 2 25 0 0 131 92
Total deposits 2,347,145 2,627,008 45,879 86,762 1,537,412 1,809,356 65,378 47,925 51,366 61,516 133,980 118,197
Other liabilities
Accrued remittances to Treasury 10 1,953 0 56 16 1,023 0 56 7 80 0 183 28
Deferred credit items 246 641 0 0 2 3 0 0 0 0 0 0
Consolidated variable interest entities 57 127 n/a n/a 57 127 n/a n/a n/a n/a n/a n/a
All other liabilities 11 3,904 4,292 124 120 1,851 2,156 152 159 153 170 395 409
Total liabilities 4,445,257 4,440,630 108,724 138,479 2,402,202 2,542,880 127,259 101,817 143,384 133,656 268,910 239,064
Capital accounts
Capital paid-in 29,508 28,572 1,304 1,296 9,734 9,208 1,624 1,597 2,248 2,228 6,582 6,557
Surplus (including accumulated other comprehensive loss) 10,000 28,572 442 1,296 3,299 9,208 550 1,597 762 2,228 2,230 6,557
Total liabilities and capital accounts 4,484,765 4,497,774 110,470 141,071 2,415,235 2,561,296 129,433 105,011 146,394 138,112 277,722 252,178

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

1. 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

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

3. 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 (MBS), amortization is on an effective-interest basis. Return to table

4. The Federal Reserve Bank of New York is the primary beneficiary of Maiden Lane LLC, and, as a result, the accounts and results of operations of Maiden Lane LLC 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 furniture and equipment and depository institution overdrafts. Return to table

8. Contract amount of agreements. Return to table

9. Includes deposits of government-sponsored enterprises (GSEs), the Consumer Financial Protection Bureau, international organizations, and designated financial market utilities. These deposits are primarily held by the Federal Reserve Banks of New York and Chicago. Return to table

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

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

n/a Not applicable.

Table 9A. Statement of condition of the Federal Reserve Banks, by Bank, December 31, 2015 and 2014 --continued
Millions of dollars
Item Atlanta Chicago St. Louis Minneapolis Kansas City Dallas San Francisco
2015 2014 2015 2014 2015 2014 2015 2014 2015 2014 2015 2014 2015 2014
Assets
Gold certificates 1,600 1,349 734 706 299 278 171 173 288 291 891 880 1,370 1,257
Special drawing rights certificates 654 654 424 424 150 150 90 90 153 153 282 282 574 574
Coin 184 208 282 279 31 23 49 45 149 152 196 188 316 320
Loans and securities
Primary, secondary, and seasonal loans 31 5 9 30 35 0 38 48 2 31 0 0 0 8
Treasury securities, bought outright 1 138,615 136,063 91,458 100,599 25,670 30,359 14,970 15,084 31,977 32,422 79,295 74,998 285,369 261,080
Government-sponsored enterprise debt securities, bought outright1 1,855 2,138 1,224 1,581 344 477 200 237 428 510 1,061 1,179 3,819 4,103
Federal agency and government-
sponsored enterprise mortgage-backed securities (MBS), bought outright 2		 98,403 96,011 64,926 70,987 18,223 21,423 10,627 10,644 22,701 22,878 56,291 52,922 202,584 184,228
Unamortized premiums on securities held outright 3 10,670 11,434 7,040 8,454 1,976 2,551 1,153 1,268 2,461 2,725 6,104 6,302 21,967 21,939
Unamortized discounts on securities held outright3 -933 -1,017 -615 -752 -172 -227 -100 -113 -216 -242 -534 -561 -1,921 -1,951
Total loans and securities 248,641 244,634 164,042 180,899 46,076 54,583 26,888 27,168 57,353 58,324 142,217 134,840 511,818 469,407
Accrued interest receivable - System Open Market Account 1,431 1,418 944 1,047 265 316 154 157 330 338 818 780 2,949 2,723
Net portfolio holdings of consolidated variable interest entities 4 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
Foreign currency denominated investments 5 1,113 1,202 526 577 182 176 82 88 206 220 282 349 2,873 3,024
Central bank liquidity swaps 6 57 88 27 42 9 13 4 6 11 16 14 26 146 221
Other SOMA assets 1 2 1 1 0 0 0 0 0 0 0 1 2 3
Other assets
Items in process of collection 210 86 0 0 0 0 0 0 0 0 0 0 0 0
Bank premises 207 212 205 201 118 122 92 96 240 241 227 223 197 201
Deferred asset (accrued liability)- remittances to the Treasury 0 0 0 0 0 0 0 14 0 0 0 0 0 0
All other assets 7 91 100 63 66 97 80 33 39 62 48 56 62 321 142
Interdistrict settlement account 27,634 13,938 21,637 -923 15,633 -4,483 8,418 3,814 5,535 3,760 32,425 23,691 73,661 67,487
Total assets 281,823 263,891 188,885 183,319 62,860 51,258 35,981 31,690 64,327 63,543 177,408 161,322 594,227 545,359
Liabilities
Federal Reserve notes outstanding 218,998 214,198 103,023 101,373 51,721 41,433 26,791 23,220 40,705 38,323 125,620 120,243 196,054 191,329
Less: Notes held by Federal Reserve Bank 20,469 22,254 9,480 10,427 4,449 4,734 2,512 3,077 4,366 4,537 12,739 14,760 22,417 25,476
Federal Reserve notes outstanding, net 198,529 191,944 93,543 90,946 47,272 36,699 24,279 20,143 36,339 33,786 112,881 105,483 173,637 165,853
Securities sold under agreements to repurchase 8 40,117 28,183 26,469 20,838 7,429 6,288 4,333 3,124 9,254 6,716 22,949 15,535 82,589 54,079
Deposits
Depository institutions 40,417 39,629 60,295 69,727 7,506 7,610 6,982 7,978 18,185 22,332 40,767 39,292 331,540 316,649
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
Foreign, official accounts 2 2 1 1 0 0 0 0 0 0 1 1 6 6
Other 9 7 6 7,225 12 97 0 1 0 12 1 65 1 24 2
Total deposits 40,426 39,637 67,521 69,740 7,603 7,610 6,983 7,978 18,197 22,333 40,833 39,294 331,570 316,657
Other liabilities
Acrued remittances to Treasury 10 150 51 75 24 32 12 18 0 41 3 67 19 172 114
Deferred credit items 163 556 0 0 0 0 82 82 0 0 0 0 0 0
Consolidated variable interest entities 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 liabilities 11 244 268 218 237 118 117 117 123 101 103 177 167 248 264
Total liabilities 279,629 260,639 187,826 181,785 62,454 50,726 35,812 31,450 63,932 62,941 176,907 160,498 588,216 536,967
Capital accounts
Capital paid-in 1,639 1,626 791 767 303 266 126 120 295 301 374 412 4,490 4,196
Surplus (including accumulated other comprehensive loss) 555 1,626 268 767 103 266 43 120 100 301 127 412 1,521 4,196
Total liabilities and capital accounts 281,823 263,891 188,885 183,319 62,860 51,258 35,981 31,690 64,327 63,543 177,408 161,322 594,227 545,359

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

1. 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

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

3. 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 (MBS), amortization is on an effective-interest basis. Return to table

4. The Federal Reserve Bank of New York is the primary beneficiary of Maiden Lane LLC, and, as a result, the accounts and results of operations of Maiden Lane LLC 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 furniture and equipment and depository institution overdrafts. Return to table

8. Contract amount of agreements. Return to table

9. Includes deposits of government-sponsored enterprises (GSEs), the Consumer Financial Protection Bureau, international organizations, and designated financial market utilities. These deposits are primarily held by the Federal Reserve Banks of New York and Chicago. Return to table

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

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

n/a Not applicable.

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Last update: July 20, 2016