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Release Date: January 23, 2014
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FEDERAL RESERVE statistical release
For Release at
4:30 P.M. EDT
June 12, 2014
Table 10 line items “Less: Face value of securities under reverse repurchase agreements” and “U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged” have been corrected to include securities pledged as collateral for tri-party reverse repurchase agreements.
The revised data are reported at the following link: http://www.federalreserve.gov/releases/h41/2014update.htm.
Historical data incorporating this correction can be accessed through the Data Download Program (DDP) at http://www.federalreserve.gov/datadownload/Choose.aspx?rel=H41.
FEDERAL RESERVE statistical release
H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks January 23, 2014
1. Factors Affecting Reserve Balances of Depository Institutions
Millions of dollars
Reserve Bank credit, related items, and Averages of daily figures Wednesday
reserve balances of depository institutions at Week ended Change from week ended Jan 22, 2014
Federal Reserve Banks Jan 22, 2014 Jan 15, 2014 Jan 23, 2013
Reserve Bank credit 4,045,116 + 37,733 +1,095,876 4,054,908
Securities held outright (1) 3,815,952 + 37,045 +1,077,874 3,825,808
U.S. Treasury securities 2,228,046 + 11,167 + 534,211 2,231,430
Bills (2) 0 0 0 0
Notes and bonds, nominal (2) 2,122,020 + 10,319 + 513,798 2,125,420
Notes and bonds, inflation-indexed (2) 92,615 + 883 + 17,677 92,615
Inflation compensation (3) 13,410 - 36 + 2,735 13,395
Federal agency debt securities (2) 54,911 - 639 - 20,200 54,911
Mortgage-backed securities (4) 1,532,995 + 26,517 + 563,863 1,539,467
Unamortized premiums on securities held outright (5) 209,059 + 389 + 33,757 209,225
Unamortized discounts on securities held outright (5) -13,328 - 494 - 11,711 -13,521
Repurchase agreements (6) 0 0 - 466 0
Loans 120 + 3 - 442 121
Primary credit 6 + 3 + 1 7
Secondary credit 0 0 0 0
Seasonal credit 17 + 1 + 14 17
Term Asset-Backed Securities Loan Facility (7) 97 0 - 457 96
Other credit extensions 0 0 0 0
Net portfolio holdings of Maiden Lane LLC (8) 1,543 + 2 + 126 1,546
Net portfolio holdings of Maiden Lane II LLC (9) 63 0 + 2 63
Net portfolio holdings of Maiden Lane III LLC (10) 22 0 0 22
Net portfolio holdings of TALF LLC (11) 107 0 - 749 108
Float -572 - 18 + 37 -925
Central bank liquidity swaps (12) 260 + 1 - 7,811 260
Other Federal Reserve assets (13) 31,890 + 806 + 5,260 32,201
Foreign currency denominated assets (14) 23,664 - 111 - 1,119 23,643
Gold stock 11,041 0 0 11,041
Special drawing rights certificate account 5,200 0 0 5,200
Treasury currency outstanding (15) 45,581 + 14 + 766 45,581
Total factors supplying reserve funds 4,130,602 + 37,635 +1,095,523 4,140,374
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.
1. Factors Affecting Reserve Balances of Depository Institutions (continued)
Millions of dollars
Reserve Bank credit, related items, and Averages of daily figures Wednesday
reserve balances of depository institutions at Week ended Change from week ended Jan 22, 2014
Federal Reserve Banks Jan 22, 2014 Jan 15, 2014 Jan 23, 2013
Currency in circulation (15) 1,226,268 - 2,932 + 70,227 1,225,996
Reverse repurchase agreements (16) 184,288 + 23,342 + 91,882 201,954
Foreign official and international accounts 107,714 - 1,621 + 15,308 108,243
Others 76,575 + 24,964 + 76,575 93,711
Treasury cash holdings 255 + 14 + 79 262
Deposits with F.R. Banks, other than reserve balances 133,277 + 23,289 - 576 154,667
Term deposits held by depository institutions 12,822 + 12,822 + 9,786 12,822
U.S. Treasury, General Account 77,798 - 2,224 + 5,591 96,724
Foreign official 8,050 + 3 + 773 8,060
Other 34,606 + 12,687 - 16,727 37,061
Other liabilities and capital (17) 63,623 - 1,086 - 2,644 62,765
Total factors, other than reserve balances,
absorbing reserve funds 1,607,712 + 42,628 + 158,969 1,645,644
Reserve balances with Federal Reserve Banks 2,522,890 - 4,993 + 936,553 2,494,730
Note: Components may not sum to totals because of rounding.
1. Includes securities lent to dealers under the overnight securities lending facility; refer to table
1A.
2. Face value of the securities.
3. Compensation that adjusts for the effect of inflation on the original face value of
inflation-indexed securities.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the
remaining principal balance of the securities.
5. Reflects the premium or discount, which is the difference between the purchase price and the face
value of the securities that has not been amortized. For U.S. Treasury and Federal agency debt
securities, amortization is on a straight-line basis. For mortgage-backed securities, amortization is on an
effective-interest basis.
6. Cash value of agreements.
7. Includes credit extended by the Federal Reserve Bank of New York to eligible borrowers through the
Term Asset-Backed Securities Loan Facility.
8. Refer to table 4 and the note on consolidation accompanying table 9.
9. Refer to table 5 and the note on consolidation accompanying table 9.
10. Refer to table 6 and the note on consolidation accompanying table 9.
11. Refer to table 7 and the note on consolidation accompanying table 9.
12. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used
when the foreign currency is returned to the foreign central bank. This exchange rate equals the
market exchange rate used when the foreign currency was acquired from the foreign central bank.
13. Includes accrued interest, which represents the daily accumulation of interest earned, and other
accounts receivable. Also, includes Reserve Bank premises and equipment net of allowances for
depreciation.
14. Revalued daily at current foreign currency exchange rates.
15. Estimated.
16. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt
securities, and mortgage-backed securities.
17. Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC
to entities other than the Federal Reserve Bank of New York, including liabilities that have recourse
only to the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note on
consolidation accompanying table 9. Also includes the liability for interest on Federal Reserve notes due
to U.S. Treasury. Refer to table 8 and table 9.
Sources: Federal Reserve Banks and the U.S. Department of the Treasury.
1A. Memorandum Items
Millions of dollars
Memorandum item Averages of daily figures Wednesday
Week ended Change from week ended Jan 22, 2014
Jan 22, 2014 Jan 15, 2014 Jan 23, 2013
Securities held in custody for foreign official and
international accounts 3,344,679 - 4,075 + 89,512 3,345,594
Marketable U.S. Treasury securities (1) 2,994,149 - 1,678 + 82,137 2,994,130
Federal agency debt and mortgage-backed securities (2) 306,519 - 2,924 - 732 307,477
Other securities (3) 44,010 + 526 + 8,105 43,986
Securities lent to dealers 11,225 - 1,729 + 4,607 12,072
Overnight facility (4) 11,225 - 1,729 + 4,607 12,072
U.S. Treasury securities 10,270 - 1,589 + 4,221 11,057
Federal agency debt securities 956 - 140 + 387 1,015
Note: Components may not sum to totals because of rounding.
1. Includes securities and U.S. Treasury STRIPS at face value, and inflation compensation on TIPS.
Does not include securities pledged as collateral to foreign official and international account holders
against reverse repurchase agreements with the Federal Reserve presented in tables 1, 8, and 9.
2. Face value of federal agency securities and current face value of mortgage-backed securities, which
is the remaining principal balance of the securities.
3. Includes non-marketable U.S. Treasury securities, supranationals, corporate bonds, asset-backed
securities, and commercial paper at face value.
4. Face value. Fully collateralized by U.S. Treasury securities.
2. Maturity Distribution of Securities, Loans, and Selected Other Assets and Liabilities, January 22, 2014
Millions of dollars
Remaining Maturity Within 15 16 days to 91 days to Over 1 year Over 5 year Over 10 All
days 90 days 1 year to 5 years to 10 years years
Loans (1) 24 0 64 33 0 ... 121
U.S. Treasury securities (2)
Holdings 1 298 176 767,716 874,124 589,115 2,231,430
Weekly changes + 1 - 1 0 + 2,470 + 5,262 + 2,745 + 10,477
Federal agency debt securities (3)
Holdings 3,500 4,817 9,006 35,179 62 2,347 54,911
Weekly changes + 3,500 - 3,500 0 0 0 0 0
Mortgage-backed securities (4)
Holdings 0 0 0 5 2,716 1,536,746 1,539,467
Weekly changes 0 0 0 0 + 4 + 14,259 + 14,263
Asset-backed securities held by
TALF LLC (5) 0 0 0 0 0 0 0
Repurchase agreements (6) 0 0 ... ... ... ... 0
Central bank liquidity swaps (7) 132 128 0 0 0 0 260
Reverse repurchase agreements (6) 201,954 0 ... ... ... ... 201,954
Term deposits 0 12,822 0 ... ... ... 12,822
Note: Components may not sum to totals because of rounding.
...Not applicable.
1. Excludes the loans from the Federal Reserve Bank of New York (FRBNY) to Maiden Lane LLC, Maiden
Lane II LLC, Maiden Lane III LLC, and TALF LLC. The loans were eliminated when preparing the FRBNY's
statement of condition consistent with consolidation under generally accepted accounting principles.
2. Face value. For inflation-indexed securities, includes the original face value and compensation
that adjusts for the effect of inflation on the original face value of such securities.
3. Face value.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the
remaining principal balance of the securities.
5. Face value of asset-backed securities held by TALF LLC, which is the remaining principal balance of
the underlying assets.
6. Cash value of agreements.
7. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used
when the foreign currency is returned to the foreign central bank. This exchange rate equals the
market exchange rate used when the foreign currency was acquired from the foreign central bank.
3. Supplemental Information on Mortgage-Backed Securities
Millions of dollars
Account name Wednesday
Jan 22, 2014
Mortgage-backed securities held outright (1) 1,539,467
Commitments to buy mortgage-backed securities (2) 39,706
Commitments to sell mortgage-backed securities (2) 29
Cash and cash equivalents (3) 5
1. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the
remaining principal balance of the securities.
2. Current face value. Generally settle within 180 days and include commitments associated with
outright transactions, dollar rolls, and coupon swaps.
3. This amount is included in other Federal Reserve assets in table 1 and in other assets in table 8
and table 9.
4. Information on Principal Accounts of Maiden Lane LLC
Millions of dollars
Account name Wednesday
Jan 22, 2014
Net portfolio holdings of Maiden Lane LLC (1) 1,546
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 0
Accrued interest payable to the Federal Reserve Bank of New York (2) 0
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3) 0
1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an
asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued
quarterly. This table reflects valuations as of September 30, 2013. Any assets purchased after this
valuation date are initially recorded at cost until their estimated fair value as of the purchase date
becomes available.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's
statement of condition consistent with consolidation under generally accepted accounting principles. Refer
to the note on consolidation accompanying table 9.
3. Book value. The fair value of these obligations is included in other liabilities and capital in
table 1 and in other liabilities and accrued dividends in table 8 and table 9.
Note: On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended credit to Maiden Lane LLC
under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to
acquire certain assets of Bear Stearns and to manage those assets through time to maximize repayment of the credit
extended and to minimize disruption to financial markets. Payments by Maiden Lane LLC from the proceeds of
the net portfolio holdings will be made in the following order: operating expenses of the LLC, principal due to
the FRBNY, interest due to the FRBNY, principal due to JPMorgan Chase & Co., and interest due to JPMorgan
Chase & Co. Any remaining funds will be paid to the FRBNY.
5. Information on Principal Accounts of Maiden Lane II LLC
Millions of dollars
Account name Wednesday
Jan 22, 2014
Net portfolio holdings of Maiden Lane II LLC (1) 63
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 0
Accrued interest payable to the Federal Reserve Bank of New York (2) 0
Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc. (3) 0
1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an
asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued
quarterly. This table reflects valuations as of September 30, 2013. Any assets purchased after this
valuation date are initially recorded at cost until their estimated fair value as of the purchase date
becomes available.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's
statement of condition consistent with consolidation under generally accepted accounting principles. Refer
to the note on consolidation accompanying table 9.
3. Book value. The deferred payment represents the portion of the proceeds of the net portfolio
holdings due to subsidiaries of American International Group, Inc. in accordance with the asset purchase
agreement. The fair value of this payment and accrued interest payable are included in other
liabilities and capital in table 1 and in other liabilities and accrued dividends in table 8 and table 9.
Note: On December 12, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden
Lane II LLC under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was
formed to purchase residential mortgage-backed securities from the U.S. securities lending reinvestment
portfolio of subsidiaries of American International Group, Inc. (AIG subsidiaries). Payments by Maiden Lane II LLC
from the proceeds of the net portfolio holdings will be made in the following order: operating expenses of
Maiden Lane II LLC, principal due to the FRBNY, interest due to the FRBNY, and deferred payment and interest due
to AIG subsidiaries. Any remaining funds will be shared by the FRBNY and AIG subsidiaries.
6. Information on Principal Accounts of Maiden Lane III LLC
Millions of dollars
Account name Wednesday
Jan 22, 2014
Net portfolio holdings of Maiden Lane III LLC (1) 22
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 0
Accrued interest payable to the Federal Reserve Bank of New York (2) 0
Outstanding principal amount and accrued interest on loan payable to American International Group, Inc. (3) 0
1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an
asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued
quarterly. This table reflects valuations as of September 30, 2013. Any assets purchased after this
valuation date are initially recorded at cost until their estimated fair value as of the purchase date
becomes available.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's
statement of condition consistent with consolidation under generally accepted accounting principles. Refer
to the note on consolidation accompanying table 9.
3. Book value. The fair value of these obligations is included in other liabilities and capital in
table 1 and in other liabilities and accrued dividends in table 8 and table 9.
Note: On November 25, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden
Lane III LLC under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was
formed to purchase multi-sector collateralized debt obligations (CDOs) on which the Financial Products group
of American International Group, Inc. (AIG) has written credit default swap (CDS) contracts. In connection
with the purchase of CDOs, the CDS counterparties will concurrently unwind the related CDS transactions. Payments
by Maiden Lane III LLC from the proceeds of the net portfolio holdings will be made in the following order:
operating expenses of Maiden Lane III LLC, principal due to the FRBNY, interest due to the FRBNY, principal due
to AIG, and interest due to AIG. Any remaining funds will be shared by the FRBNY and AIG.
7. Information on Principal Accounts of TALF LLC
Millions of dollars
Account name Wednesday
Jan 22, 2014
Asset-backed securities holdings (1) 0
Other investments, net 108
Net portfolio holdings of TALF LLC 108
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 0
Accrued interest payable to the Federal Reserve Bank of New York (2) 0
Funding provided by U.S. Treasury to TALF LLC, including accrued interest payable (3) 0
1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an
asset if the transaction were to be conducted in an orderly market on the measurement date.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's
statement of condition consistent with consolidation under generally accepted accounting principles. Refer
to the note on consolidation accompanying table 9.
3. Book value. The fair value of these obligations is included in other liabilities and capital in
table 1 and in other liabilities and accrued dividends in table 8 and table 9.
Note: On November 25, 2008, the Federal Reserve announced the creation of the Term Asset-Backed Securities
Loan Facility (TALF) under the authority of section 13(3) of the Federal Reserve Act. The TALF is a facility
under which the Federal Reserve Bank of New York (FRBNY) extended loans with a term of up to five years to
holders of eligible asset-backed securities. The Federal Reserve closed the TALF for new loan extensions in 2010.
The loans provided through the TALF to eligible borrowers are non-recourse, meaning that the obligation of the
borrower can be discharged by surrendering the collateral to the FRBNY.
TALF LLC is a limited liability company formed to purchase and manage any asset-backed securities received
by the FRBNY in connection with the decision of a borrower not to repay a TALF loan. TALF LLC has committed,
for a fee, to purchase all asset-backed securities received by the FRBNY in conjunction with a TALF loan at a
price equal to the TALF loan plus accrued but unpaid interest. Prior to January 15, 2013, the U.S. Treasury's
Troubled Asset Relief Program (TARP) committed backup funding to TALF LLC, providing credit protection to the
FRBNY. However, the accumulated fees and income collected through the TALF and held by TALF LLC now exceed the
remaining amount of TALF loans outstanding. Accordingly, the TARP credit protection commitment has been
terminated, and TALF LLC has begun to distribute excess proceeds to the Treasury and the FRBNY. Any remaining funds
will be shared by the FRBNY and the U.S. Treasury.
8. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of dollars
Assets, liabilities, and capital Eliminations Wednesday Change since
from Jan 22, 2014 Wednesday Wednesday
consolidation Jan 15, 2014 Jan 23, 2013
Assets
Gold certificate account 11,037 0 0
Special drawing rights certificate account 5,200 0 0
Coin 2,000 + 13 - 170
Securities, unamortized premiums and discounts,
repurchase agreements, and loans 4,021,633 + 24,441 +1,090,880
Securities held outright (1) 3,825,808 + 24,740 +1,070,832
U.S. Treasury securities 2,231,430 + 10,477 + 534,739
Bills (2) 0 0 0
Notes and bonds, nominal (2) 2,125,420 + 10,526 + 515,601
Notes and bonds, inflation-indexed (2) 92,615 0 + 16,485
Inflation compensation (3) 13,395 - 49 + 2,653
Federal agency debt securities (2) 54,911 0 - 20,200
Mortgage-backed securities (4) 1,539,467 + 14,263 + 556,293
Unamortized premiums on securities held outright
(5) 209,225 + 157 + 32,379
Unamortized discounts on securities held outright
(5) -13,521 - 462 - 11,885
Repurchase agreements (6) 0 0 0
Loans 121 + 6 - 446
Net portfolio holdings of Maiden Lane LLC (7) 1,546 + 3 + 129
Net portfolio holdings of Maiden Lane II LLC (8) 63 0 + 2
Net portfolio holdings of Maiden Lane III LLC (9) 22 0 0
Net portfolio holdings of TALF LLC (10) 108 + 1 - 749
Items in process of collection (0) 200 + 95 - 80
Bank premises 2,286 0 - 47
Central bank liquidity swaps (11) 260 + 1 - 7,811
Foreign currency denominated assets (12) 23,643 - 57 - 1,254
Other assets (13) 29,917 + 1,890 + 5,317
Total assets (0) 4,097,914 + 26,386 +1,086,217
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.
8. Consolidated Statement of Condition of All Federal Reserve Banks (continued)
Millions of dollars
Assets, liabilities, and capital Eliminations Wednesday Change since
from Jan 22, 2014 Wednesday Wednesday
consolidation Jan 15, 2014 Jan 23, 2013
Liabilities
Federal Reserve notes, net of F.R. Bank holdings 1,182,672 - 867 + 68,793
Reverse repurchase agreements (14) 201,954 + 45,688 + 112,061
Deposits (0) 2,649,398 - 19,179 + 907,521
Term deposits held by depository institutions 12,822 + 12,822 + 9,786
Other deposits held by depository institutions 2,494,731 - 65,347 + 898,407
U.S. Treasury, General Account 96,724 + 8,798 + 15,481
Foreign official 8,060 + 13 + 779
Other (0) 37,061 + 24,536 - 16,932
Deferred availability cash items (0) 1,124 + 465 - 77
Other liabilities and accrued dividends (15) 7,734 + 276 - 2,384
Total liabilities (0) 4,042,883 + 26,385 +1,085,916
Capital accounts
Capital paid in 27,515 0 + 150
Surplus 27,515 0 + 150
Other capital accounts 0 0 0
Total capital 55,031 + 1 + 301
Note: Components may not sum to totals because of rounding.
1. Includes securities lent to dealers under the overnight securities lending facility; refer to table
1A.
2. Face value of the securities.
3. Compensation that adjusts for the effect of inflation on the original face value of
inflation-indexed securities.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the
remaining principal balance of the securities.
5. Reflects the premium or discount, which is the difference between the purchase price and the face
value of the securities that has not been amortized. For U.S. Treasury and Federal agency debt
securities, amortization is on a straight-line basis. For mortgage-backed securities, amortization is on an
effective-interest basis.
6. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.
7. Refer to table 4 and the note on consolidation accompanying table 9.
8. Refer to table 5 and the note on consolidation accompanying table 9.
9. Refer to table 6 and the note on consolidation accompanying table 9.
10. Refer to table 7 and the note on consolidation accompanying table 9.
11. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used
when the foreign currency is returned to the foreign central bank. This exchange rate equals the
market exchange rate used when the foreign currency was acquired from the foreign central bank.
12. Revalued daily at current foreign currency exchange rates.
13. Includes accrued interest, which represents the daily accumulation of interest earned, and other
accounts receivable.
14. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt
securities, and mortgage-backed securities.
15. Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC
to entities other than the Federal Reserve Bank of New York, including liabilities that have recourse
only to the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note on
consolidation accompanying table 9. Also includes the liability for interest on Federal Reserve notes due
to U.S. Treasury.
9. Statement of Condition of Each Federal Reserve Bank, January 22, 2014
Millions of dollars
Assets, liabilities, and capital Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas Dallas San
City Francisco
Assets
Gold certificate account 11,037 391 3,925 397 512 856 1,421 792 310 190 309 728 1,206
Special drawing rights certificate acct. 5,200 196 1,818 210 237 412 654 424 150 90 153 282 574
Coin 2,000 35 88 125 132 342 238 287 20 50 155 189 340
Securities, unamortized premiums and
discounts, repurchase agreements,
and loans 4,021,633 105,162 2,230,189 116,521 102,705 250,061 267,144 217,311 64,707 38,173 76,088 156,165 397,406
Securities held outright (1) 3,825,808 100,041 2,121,567 110,850 97,707 237,892 254,143 206,733 61,558 36,304 72,380 148,566 378,066
U.S. Treasury securities 2,231,430 58,350 1,237,419 64,654 56,988 138,752 148,231 120,579 35,904 21,175 42,216 86,652 220,510
Bills (2) 0 0 0 0 0 0 0 0 0 0 0 0 0
Notes and bonds (3) 2,231,430 58,350 1,237,419 64,654 56,988 138,752 148,231 120,579 35,904 21,175 42,216 86,652 220,510
Federal agency debt securities (2) 54,911 1,436 30,450 1,591 1,402 3,414 3,648 2,967 884 521 1,039 2,132 5,426
Mortgage-backed securities (4) 1,539,467 40,256 853,697 44,605 39,316 95,725 102,265 83,187 24,770 14,608 29,125 59,781 152,130
Unamortized premiums on securities held
outright (5) 209,225 5,471 116,024 6,062 5,343 13,010 13,899 11,306 3,366 1,985 3,958 8,125 20,676
Unamortized discounts on securities
held outright (5) -13,521 -354 -7,498 -392 -345 -841 -898 -731 -218 -128 -256 -525 -1,336
Repurchase agreements (6) 0 0 0 0 0 0 0 0 0 0 0 0 0
Loans 121 4 96 1 0 0 0 3 0 12 5 0 0
Net portfolio holdings of Maiden
Lane LLC (7) 1,546 0 1,546 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of Maiden
Lane II LLC (8) 63 0 63 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of Maiden
Lane III LLC (9) 22 0 22 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of TALF LLC (10) 108 0 108 0 0 0 0 0 0 0 0 0 0
Items in process of collection 200 0 0 0 0 0 199 0 0 1 0 0 0
Bank premises 2,286 123 431 72 110 228 211 202 127 99 247 231 204
Central bank liquidity swaps (11) 260 13 83 20 20 55 15 7 2 1 3 4 37
Foreign currency denominated assets (12) 23,643 1,162 7,560 1,828 1,844 4,965 1,347 674 197 99 239 375 3,353
Other assets (13) 29,917 822 16,128 874 777 2,040 1,992 1,605 543 345 589 1,262 2,940
Interdistrict settlement account 0 - 25,275 + 328,779 - 18,991 - 20,802 - 41,204 - 67,948 - 68,096 - 21,393 - 17,286 - 28,834 - 43,663 + 24,713
Total assets 4,097,914 82,628 2,590,740 101,057 85,535 217,754 205,273 153,206 44,663 21,763 48,948 115,573 430,773
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.
9. Statement of Condition of Each Federal Reserve Bank, January 22, 2014 (continued)
Millions of dollars
Assets, liabilities, and capital Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas Dallas San
City Francisco
Liabilities
Federal Reserve notes outstanding 1,390,485 45,406 507,830 42,263 59,956 105,172 168,731 86,065 34,996 21,410 36,834 119,804 162,018
Less: Notes held by F.R. Banks 207,812 7,291 38,980 5,825 5,996 9,475 19,019 14,090 3,926 8,891 10,491 53,998 29,830
Federal Reserve notes, net 1,182,672 38,115 468,849 36,438 53,960 95,697 149,712 71,975 31,069 12,520 26,344 65,805 132,188
Reverse repurchase agreements (14) 201,954 5,281 111,992 5,851 5,158 12,558 13,416 10,913 3,250 1,916 3,821 7,842 19,957
Deposits 2,649,398 36,522 1,987,899 54,393 21,811 97,453 37,487 68,398 9,698 6,845 18,034 40,711 270,147
Term deposits held by depository
institutions 12,822 0 9,801 0 0 20 480 1,356 30 85 90 105 855
Other deposits held by depository
institutions 2,494,731 36,518 1,836,425 54,369 21,808 97,334 36,995 67,028 9,668 6,760 17,939 40,602 269,285
U.S. Treasury, General Account 96,724 0 96,724 0 0 0 0 0 0 0 0 0 0
Foreign official 8,060 2 8,033 3 3 8 2 1 0 0 0 1 6
Other 37,061 2 36,916 21 0 90 10 14 0 0 4 3 1
Deferred availability cash items 1,124 0 0 0 0 0 1,018 0 0 106 0 0 0
Interest on Federal Reserve notes due
to U.S. Treasury (15) 2,012 56 1,037 59 56 119 150 135 45 35 39 104 176
Other liabilities and accrued
dividends (16) 5,723 153 3,273 179 175 454 327 265 131 107 125 194 340
Total liabilities 4,042,883 80,126 2,573,050 96,920 81,160 206,281 202,110 151,687 44,193 21,529 48,362 114,657 422,808
Capital
Capital paid in 27,515 1,251 8,845 2,068 2,188 5,737 1,582 760 235 117 293 458 3,982
Surplus 27,515 1,251 8,845 2,068 2,188 5,737 1,582 760 235 117 293 458 3,982
Other capital 0 0 0 0 0 0 0 0 0 0 0 0 0
Total liabilities and capital 4,097,914 82,628 2,590,740 101,057 85,535 217,754 205,273 153,206 44,663 21,763 48,948 115,573 430,773
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.
9. Statement of Condition of Each Federal Reserve Bank, January 22, 2014 (continued)
1. Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.
2. Face value of the securities.
3. Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face value of such securities.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the remaining principal balance of the securities.
5. Reflects the premium or discount, which is the difference between the purchase price and the face value of the securities that has not been amortized. For U.S. Treasury and Federal agency debt
securities, amortization is on a straight-line basis. For mortgage-backed securities, amortization is on an effective-interest basis.
6. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.
7. Refer to table 4 and the note on consolidation below.
8. Refer to table 5 and the note on consolidation below.
9. Refer to table 6 and the note on consolidation below.
10. Refer to table 7 and the note on consolidation below.
11. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals
the market exchange rate used when the foreign currency was acquired from the foreign central bank.
12. Revalued daily at current foreign currency exchange rates.
13. Includes accrued interest, which represents the daily accumulation of interest earned, and other accounts receivable.
14. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.
15. Represents the estimated weekly remittances to U.S. Treasury as interest on Federal Reserve notes or, in those cases where the Reserve Bank's net earnings are not sufficient to equate surplus to
capital paid-in, the deferred asset for interest on Federal Reserve notes. The amount of any deferred asset, which is presented as a negative amount in this line, represents the amount of the
Federal Reserve Bank's earnings that must be retained before remittances to the U.S. Treasury resume. The amounts on this line are calculated in accordance with Board of Governors policy, which requires
the Federal Reserve Banks to remit residual earnings to the U.S. Treasury as interest on Federal Reserve notes after providing for the costs of operations, payment of dividends, and the amount
necessary to equate surplus with capital paid-in.
16. Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to entities other than the Federal Reserve Bank of New York, including liabilities that have
recourse only to the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note on consolidation below.
Note on consolidation:
The Federal Reserve Bank of New York (FRBNY) has extended loans to several limited liability companies under the authority of section 13(3) of the Federal Reserve Act. On June 26, 2008, a
loan was extended to Maiden Lane LLC, which was formed to acquire certain assets of Bear Stearns. On November 25, 2008, a loan was extended to Maiden Lane III LLC, which was formed to purchase
multi-sector collateralized debt obligations on which the Financial Products group of the American International Group, Inc. has written credit default swap contracts. On December 12, 2008, a
loan was extended to Maiden Lane II LLC, which was formed to purchase residential mortgage-backed securities from the U.S. securities lending reinvestment portfolio of subsidiaries of American
International Group, Inc. On November 25, 2008, the Federal Reserve Board authorized the FRBNY to extend credit to TALF LLC, which was formed to purchase and manage any asset-backed securities
received by the FRBNY in connection with the decision of a borrower not to repay a loan extended under the Term Asset-Backed Securities Loan Facility.
The FRBNY is the primary beneficiary of TALF LLC, because of the two beneficiaries of the LLC, the FRBNY and the U.S. Treasury, the FRBNY is primarily responsible for directing the financial
activities of TALF LLC. The FRBNY is the primary beneficiary of the other LLCs cited above because it will receive a majority of any residual returns of the LLCs and absorb a majority of any
residual losses of the LLCs. Consistent with generally accepted accounting principles, the assets and liabilities of these LLCs have been consolidated with the assets and liabilities of the
FRBNY in the preparation of the statements of condition shown on this release. As a consequence of the consolidation, the extensions of credit from the FRBNY to the LLCs are eliminated, the net
assets of the LLCs appear as assets on the previous page (and in table 1 and table 8), and the liabilities of the LLCs to entities other than the FRBNY, including those with recourse only to
the portfolio holdings of the LLCs, are included in other liabilities in this table (and table 1 and table 8).
10. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts
Millions of dollars
Federal Reserve notes and collateral Wednesday
Jan 22, 2014
Federal Reserve notes outstanding 1,390,485
Less: Notes held by F.R. Banks not subject to collateralization 207,812
Federal Reserve notes to be collateralized 1,182,672
Collateral held against Federal Reserve notes 1,182,672
Gold certificate account 11,037
Special drawing rights certificate account 5,200
U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 1,166,436
Other assets pledged 0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 3,825,808
Less: Face value of securities under reverse repurchase agreements 197,007
U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,628,801
Note: Components may not sum to totals because of rounding.
1. Includes face value of U.S. Treasury, agency debt, and mortgage-backed securities held outright,
compensation to adjust for the effect of inflation on the original face value of inflation-indexed
securities, and cash value of repurchase agreements.
2. Includes securities lent to dealers under the overnight securities lending facility; refer to table
1A.
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