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Release Date: July 17, 2014
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FEDERAL RESERVE statistical release
H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks July 17, 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 Jul 16, 2014
Federal Reserve Banks Jul 16, 2014 Jul 9, 2014 Jul 17, 2013
Reserve Bank credit 4,348,912 + 12,270 + 871,331 4,355,476
Securities held outright (1) 4,123,128 + 9,985 + 878,115 4,129,965
U.S. Treasury securities 2,409,410 + 3,827 + 450,723 2,410,339
Bills (2) 0 0 0 0
Notes and bonds, nominal (2) 2,296,168 + 3,219 + 434,508 2,296,978
Notes and bonds, inflation-indexed (2) 97,248 + 477 + 13,039 97,327
Inflation compensation (3) 15,994 + 131 + 3,175 16,034
Federal agency debt securities (2) 43,371 - 288 - 23,604 42,650
Mortgage-backed securities (4) 1,670,348 + 6,447 + 450,998 1,676,976
Unamortized premiums on securities held outright (5) 209,297 + 192 + 5,056 209,521
Unamortized discounts on securities held outright (5) -18,538 - 24 - 15,789 -18,560
Repurchase agreements (6) 0 0 0 0
Loans 219 + 21 - 146 237
Primary credit 4 + 3 - 9 11
Secondary credit 0 0 0 0
Seasonal credit 165 + 18 + 55 176
Term Asset-Backed Securities Loan Facility (7) 49 0 - 193 49
Other credit extensions 0 0 0 0
Net portfolio holdings of Maiden Lane LLC (8) 1,656 + 1 + 241 1,662
Net portfolio holdings of Maiden Lane II LLC (9) 63 0 - 1 63
Net portfolio holdings of Maiden Lane III LLC (10) 22 0 0 22
Net portfolio holdings of TALF LLC (11) 60 - 17 - 208 60
Float -605 + 133 + 174 -613
Central bank liquidity swaps (12) 124 0 - 1,355 124
Other Federal Reserve assets (13) 33,486 + 1,978 + 5,243 32,996
Foreign currency denominated assets (14) 23,987 + 22 + 469 23,902
Gold stock 11,041 0 0 11,041
Special drawing rights certificate account 5,200 0 0 5,200
Treasury currency outstanding (15) 45,968 + 14 + 780 45,968
Total factors supplying reserve funds 4,435,108 + 12,306 + 872,580 4,441,588
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 Jul 16, 2014
Federal Reserve Banks Jul 16, 2014 Jul 9, 2014 Jul 17, 2013
Currency in circulation (15) 1,285,435 - 3,263 + 89,017 1,285,225
Reverse repurchase agreements (16) 214,108 - 30,469 + 121,683 209,476
Foreign official and international accounts 102,932 - 3,290 + 10,507 103,635
Others 111,176 - 27,179 + 111,176 105,841
Treasury cash holdings 142 - 6 + 23 138
Deposits with F.R. Banks, other than reserve balances 231,340 + 28,784 + 113,525 229,954
Term deposits held by depository institutions 152,795 + 27,908 + 152,795 152,795
U.S. Treasury, General Account 59,384 - 4,442 - 10,774 63,737
Foreign official 6,191 + 323 - 3,753 6,566
Other (17) 12,970 + 4,995 - 24,744 6,856
Other liabilities and capital (18) 64,397 + 406 + 936 62,577
Total factors, other than reserve balances,
absorbing reserve funds 1,795,423 - 4,547 + 325,184 1,787,370
Reserve balances with Federal Reserve Banks 2,639,685 + 16,853 + 547,396 2,654,218
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 deposits held at the Reserve Banks by international and multilateral organizations,
government-sponsored enterprises, and designated financial market utilities.
18. 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 Jul 16, 2014
Jul 16, 2014 Jul 9, 2014 Jul 17, 2013
Securities held in custody for foreign official and
international accounts 3,311,816 + 2,722 + 33,533 3,313,307
Marketable U.S. Treasury securities (1) 2,978,545 + 3,403 + 36,532 2,981,074
Federal agency debt and mortgage-backed securities (2) 291,020 - 859 - 7,641 289,641
Other securities (3) 42,250 + 178 + 4,641 42,593
Securities lent to dealers 11,936 - 1,867 + 1,330 12,635
Overnight facility (4) 11,936 - 1,867 + 1,330 12,635
U.S. Treasury securities 10,872 - 1,801 + 1,041 11,476
Federal agency debt securities 1,063 - 67 + 288 1,159
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, July 16, 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) 84 138 14 0 0 ... 237
U.S. Treasury securities (2)
Holdings 40 7 1,995 950,471 810,990 646,836 2,410,339
Weekly changes + 40 - 40 0 + 609 - 575 + 1,799 + 1,833
Federal agency debt securities (3)
Holdings 523 2,121 4,111 33,548 0 2,347 42,650
Weekly changes - 486 - 523 0 0 0 0 - 1,009
Mortgage-backed securities (4)
Holdings 0 0 0 10 3,902 1,673,064 1,676,976
Weekly changes 0 0 0 0 - 22 + 13,097 + 13,075
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) 124 0 0 0 0 0 124
Reverse repurchase agreements (6) 209,476 0 ... ... ... ... 209,476
Term deposits 152,795 0 0 ... ... ... 152,795
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
Jul 16, 2014
Mortgage-backed securities held outright (1) 1,676,976
Commitments to buy mortgage-backed securities (2) 55,696
Commitments to sell mortgage-backed securities (2) 0
Cash and cash equivalents (3) 52
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
Jul 16, 2014
Net portfolio holdings of Maiden Lane LLC (1) 1,662
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 March 31, 2014. 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
Jul 16, 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 March 31, 2014. 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
Jul 16, 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 March 31, 2014. 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
Jul 16, 2014
Asset-backed securities holdings (1) 0
Other investments, net 60
Net portfolio holdings of TALF LLC 60
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 Jul 16, 2014 Wednesday Wednesday
consolidation Jul 9, 2014 Jul 17, 2013
Assets
Gold certificate account 11,037 0 0
Special drawing rights certificate account 5,200 0 0
Coin 1,896 + 18 - 82
Securities, unamortized premiums and discounts,
repurchase agreements, and loans 4,321,163 + 14,276 + 856,475
Securities held outright (1) 4,129,965 + 13,899 + 867,235
U.S. Treasury securities 2,410,339 + 1,833 + 448,668
Bills (2) 0 0 0
Notes and bonds, nominal (2) 2,296,978 + 1,133 + 432,573
Notes and bonds, inflation-indexed (2) 97,327 + 556 + 12,921
Inflation compensation (3) 16,034 + 144 + 3,174
Federal agency debt securities (2) 42,650 - 1,009 - 23,871
Mortgage-backed securities (4) 1,676,976 + 13,075 + 442,439
Unamortized premiums on securities held outright
(5) 209,521 + 363 + 5,013
Unamortized discounts on securities held outright
(5) -18,560 - 16 - 15,647
Repurchase agreements (6) 0 0 0
Loans 237 + 31 - 128
Net portfolio holdings of Maiden Lane LLC (7) 1,662 + 7 + 248
Net portfolio holdings of Maiden Lane II LLC (8) 63 0 - 1
Net portfolio holdings of Maiden Lane III LLC (9) 22 0 0
Net portfolio holdings of TALF LLC (10) 60 0 - 208
Items in process of collection (0) 75 - 23 - 35
Bank premises 2,262 + 1 - 32
Central bank liquidity swaps (11) 124 0 - 1,355
Foreign currency denominated assets (12) 23,902 - 107 + 378
Other assets (13) 30,735 + 627 + 4,952
Total assets (0) 4,398,201 + 14,800 + 860,340
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 Jul 16, 2014 Wednesday Wednesday
consolidation Jul 9, 2014 Jul 17, 2013
Liabilities
Federal Reserve notes, net of F.R. Bank holdings 1,241,287 - 2,918 + 88,696
Reverse repurchase agreements (14) 209,476 - 38,776 + 120,957
Deposits (0) 2,884,172 + 56,984 + 651,563
Term deposits held by depository institutions 152,795 + 27,908 + 152,795
Other deposits held by depository institutions 2,654,218 + 21,165 + 513,781
U.S. Treasury, General Account 63,737 + 7,234 - 3,428
Foreign official 6,566 + 700 - 3,378
Other (15) (0) 6,856 - 22 - 8,208
Deferred availability cash items (0) 689 - 60 - 154
Other liabilities and accrued dividends (16) 6,256 - 433 - 2,013
Total liabilities (0) 4,341,880 + 14,797 + 859,050
Capital accounts
Capital paid in 28,161 + 2 + 645
Surplus 28,161 + 2 + 645
Other capital accounts 0 0 0
Total capital 56,321 + 2 + 1,290
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 deposits held at the Reserve Banks by international and multilateral organizations,
government-sponsored enterprises, and designated financial market utilities.
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 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, July 16, 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 11,037 352 4,125 338 464 824 1,349 706 278 173 291 880 1,257
Special drawing rights certificate acct. 5,200 196 1,818 210 237 412 654 424 150 90 153 282 574
Coin 1,896 34 82 118 121 314 223 277 24 48 150 180 325
Securities, unamortized premiums and
discounts, repurchase agreements,
and loans 4,321,163 87,405 2,652,078 103,516 94,341 241,500 238,891 176,630 53,331 26,553 56,920 131,668 458,330
Securities held outright (1) 4,129,965 83,542 2,534,822 98,941 90,171 230,827 228,302 168,797 50,940 25,310 54,401 125,841 438,070
U.S. Treasury securities 2,410,339 48,757 1,479,378 57,744 52,626 134,715 133,242 98,514 29,730 14,771 31,750 73,444 255,667
Bills (2) 0 0 0 0 0 0 0 0 0 0 0 0 0
Notes and bonds (3) 2,410,339 48,757 1,479,378 57,744 52,626 134,715 133,242 98,514 29,730 14,771 31,750 73,444 255,667
Federal agency debt securities (2) 42,650 863 26,177 1,022 931 2,384 2,358 1,743 526 261 562 1,300 4,524
Mortgage-backed securities (4) 1,676,976 33,922 1,029,267 40,175 36,614 93,727 92,702 68,540 20,684 10,277 22,090 51,098 177,879
Unamortized premiums on securities held
outright (5) 209,521 4,238 128,597 5,019 4,575 11,710 11,582 8,563 2,584 1,284 2,760 6,384 22,224
Unamortized discounts on securities
held outright (5) -18,560 -375 -11,392 -445 -405 -1,037 -1,026 -759 -229 -114 -244 -566 -1,969
Repurchase agreements (6) 0 0 0 0 0 0 0 0 0 0 0 0 0
Loans 237 0 51 0 0 0 32 28 35 73 3 8 5
Net portfolio holdings of Maiden
Lane LLC (7) 1,662 0 1,662 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) 60 0 60 0 0 0 0 0 0 0 0 0 0
Items in process of collection 75 0 0 0 0 0 75 0 0 0 0 0 0
Bank premises 2,262 121 432 74 110 224 209 199 124 98 244 226 201
Central bank liquidity swaps (11) 124 6 40 9 10 26 7 3 1 1 1 2 18
Foreign currency denominated assets (12) 23,902 1,087 7,689 1,797 1,901 4,984 1,374 660 201 101 252 400 3,458
Other assets (13) 30,735 664 18,509 743 674 1,895 1,683 1,242 441 255 429 1,011 3,190
Interdistrict settlement account 0 + 27,715 - 1,335 + 6,094 + 1,849 - 19,391 + 5,066 - 20,185 - 11,462 - 4,135 - 4,977 - 5,431 + 26,193
Total assets 4,398,201 117,581 2,685,244 112,899 99,707 230,786 249,531 159,957 43,088 23,184 53,463 129,218 493,545
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, July 16, 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 1,452,235 45,153 499,438 42,886 65,627 105,865 212,909 93,922 37,526 21,044 37,472 115,900 174,492
Less: Notes held by F.R. Banks 210,948 4,984 67,021 6,332 9,042 11,463 21,202 14,925 5,098 4,870 5,379 31,134 29,498
Federal Reserve notes, net 1,241,287 40,169 432,417 36,554 56,585 94,403 191,707 78,997 32,428 16,174 32,092 84,766 144,994
Reverse repurchase agreements (14) 209,476 4,237 128,569 5,018 4,574 11,708 11,580 8,562 2,584 1,284 2,759 6,383 22,219
Deposits 2,884,172 70,427 2,102,896 66,872 33,893 112,575 41,969 70,530 7,422 5,291 17,882 36,874 317,541
Term deposits held by depository
institutions 152,795 130 129,180 1,995 2,670 335 1,035 10,620 370 65 495 905 4,995
Other deposits held by depository
institutions 2,654,218 70,290 1,896,714 64,844 31,220 112,162 40,923 59,901 7,051 5,226 17,386 35,963 312,537
U.S. Treasury, General Account 63,737 0 63,737 0 0 0 0 0 0 0 0 0 0
Foreign official 6,566 2 6,539 3 3 8 2 1 0 0 0 1 6
Other (15) 6,856 5 6,725 30 0 69 9 8 0 0 1 5 3
Deferred availability cash items 689 0 0 0 0 0 611 0 0 78 0 0 0
Interest on Federal Reserve notes due
to U.S. Treasury (16) 1,933 30 1,235 38 35 86 114 78 24 10 25 61 196
Other liabilities and accrued
dividends (17) 4,323 159 1,744 190 182 488 338 263 135 112 118 195 398
Total liabilities 4,341,880 115,022 2,666,861 108,673 95,268 219,259 246,320 158,431 42,592 22,949 52,877 128,280 485,347
Capital
Capital paid in 28,161 1,279 9,191 2,113 2,219 5,763 1,605 763 248 117 293 469 4,099
Surplus 28,161 1,279 9,191 2,113 2,219 5,763 1,605 763 248 117 293 469 4,099
Other capital 0 0 0 0 0 0 0 0 0 0 0 0 0
Total liabilities and capital 4,398,201 117,581 2,685,244 112,899 99,707 230,786 249,531 159,957 43,088 23,184 53,463 129,218 493,545
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, July 16, 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. Includes deposits held at the Reserve Banks by international and multilateral organizations, government-sponsored enterprises, and designated financial market utilities.
16. 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.
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 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
Jul 16, 2014
Federal Reserve notes outstanding 1,452,235
Less: Notes held by F.R. Banks not subject to collateralization 210,948
Federal Reserve notes to be collateralized 1,241,287
Collateral held against Federal Reserve notes 1,241,287
Gold certificate account 11,037
Special drawing rights certificate account 5,200
U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 1,225,050
Other assets pledged 0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 4,129,965
Less: Face value of securities under reverse repurchase agreements 193,028
U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,936,937
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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