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Release Date: August 7, 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 August 7, 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 Aug 6, 2014
Federal Reserve Banks Aug 6, 2014 Jul 30, 2014 Aug 7, 2013
Reserve Bank credit 4,365,666 + 1,885 + 831,135 4,367,447
Securities held outright (1) 4,138,096 + 1,058 + 837,707 4,139,056
U.S. Treasury securities 2,421,605 + 2,770 + 434,701 2,422,566
Bills (2) 0 0 0 0
Notes and bonds, nominal (2) 2,308,025 + 2,697 + 418,499 2,308,968
Notes and bonds, inflation-indexed (2) 97,332 + 5 + 12,926 97,332
Inflation compensation (3) 16,249 + 69 + 3,277 16,266
Federal agency debt securities (2) 42,127 - 299 - 24,394 42,127
Mortgage-backed securities (4) 1,674,363 - 1,414 + 427,399 1,674,363
Unamortized premiums on securities held outright (5) 209,184 - 37 + 5,288 209,177
Unamortized discounts on securities held outright (5) -18,632 - 31 - 15,367 -18,647
Repurchase agreements (6) 0 0 0 0
Loans 274 + 29 - 42 265
Primary credit 34 + 23 + 27 1
Secondary credit 0 0 0 0
Seasonal credit 206 + 6 + 81 231
Term Asset-Backed Securities Loan Facility (7) 34 0 - 151 34
Other credit extensions 0 0 0 0
Net portfolio holdings of Maiden Lane LLC (8) 1,660 + 6 + 171 1,669
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) 57 - 3 - 190 44
Float -610 - 52 + 71 -770
Central bank liquidity swaps (12) 75 0 - 1,404 75
Other Federal Reserve assets (13) 35,476 + 913 + 4,901 36,493
Foreign currency denominated assets (14) 23,708 - 55 - 139 23,657
Gold stock 11,041 0 0 11,041
Special drawing rights certificate account 5,200 0 0 5,200
Treasury currency outstanding (15) 46,020 + 14 + 787 46,020
Total factors supplying reserve funds 4,451,635 + 1,844 + 831,783 4,453,365
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 Aug 6, 2014
Federal Reserve Banks Aug 6, 2014 Jul 30, 2014 Aug 7, 2013
Currency in circulation (15) 1,286,933 + 3,129 + 88,690 1,288,418
Reverse repurchase agreements (16) 225,242 + 17,828 + 133,415 229,393
Foreign official and international accounts 108,726 + 838 + 17,221 105,611
Others 116,516 + 16,989 + 116,193 123,782
Treasury cash holdings 142 + 6 - 3 156
Deposits with F.R. Banks, other than reserve balances 86,795 + 784 - 7,519 83,019
Term deposits held by depository institutions 0 0 - 11,913 0
U.S. Treasury, General Account 71,513 + 9,178 + 10,668 69,324
Foreign official 6,565 - 6 - 3,846 6,565
Other (17) 8,718 - 8,387 - 2,426 7,130
Other liabilities and capital (18) 63,193 - 230 - 689 62,975
Total factors, other than reserve balances,
absorbing reserve funds 1,662,305 + 21,517 + 213,894 1,663,959
Reserve balances with Federal Reserve Banks 2,789,330 - 19,674 + 617,889 2,789,406
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 Aug 6, 2014
Aug 6, 2014 Jul 30, 2014 Aug 7, 2013
Securities held in custody for foreign official and
international accounts 3,327,930 + 18,631 + 59,339 3,332,385
Marketable U.S. Treasury securities (1) 2,995,585 + 17,992 + 71,293 2,998,986
Federal agency debt and mortgage-backed securities (2) 289,678 + 512 - 17,364 290,656
Other securities (3) 42,667 + 127 + 5,410 42,742
Securities lent to dealers 11,332 + 1,579 + 2,722 10,986
Overnight facility (4) 11,332 + 1,579 + 2,722 10,986
U.S. Treasury securities 10,314 + 1,689 + 2,475 10,008
Federal agency debt securities 1,018 - 110 + 247 978
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, August 6, 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) 44 222 0 0 0 ... 265
U.S. Treasury securities (2)
Holdings 2 6 1,995 968,305 800,522 651,736 2,422,566
Weekly changes - 38 - 1 0 + 32 + 21 + 2,266 + 2,281
Federal agency debt securities (3)
Holdings 565 1,862 4,607 32,746 0 2,347 42,127
Weekly changes 0 0 0 0 0 0 0
Mortgage-backed securities (4)
Holdings 0 0 0 10 3,886 1,670,467 1,674,363
Weekly changes 0 0 0 0 + 5 - 6 0
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) 75 0 0 0 0 0 75
Reverse repurchase agreements (6) 229,393 0 ... ... ... ... 229,393
Term deposits 0 0 0 ... ... ... 0
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
Aug 6, 2014
Mortgage-backed securities held outright (1) 1,674,363
Commitments to buy mortgage-backed securities (2) 69,613
Commitments to sell mortgage-backed securities (2) 0
Cash and cash equivalents (3) 6
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
Aug 6, 2014
Net portfolio holdings of Maiden Lane LLC (1) 1,669
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 June 30, 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
Aug 6, 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 June 30, 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
Aug 6, 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 June 30, 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
Aug 6, 2014
Asset-backed securities holdings (1) 0
Other investments, net 44
Net portfolio holdings of TALF LLC 44
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 Aug 6, 2014 Wednesday Wednesday
consolidation Jul 30, 2014 Aug 7, 2013
Assets
Gold certificate account 11,037 0 0
Special drawing rights certificate account 5,200 0 0
Coin 1,918 + 1 - 63
Securities, unamortized premiums and discounts,
repurchase agreements, and loans 4,329,852 + 2,196 + 822,101
Securities held outright (1) 4,139,056 + 2,280 + 832,196
U.S. Treasury securities 2,422,566 + 2,281 + 429,191
Bills (2) 0 0 0
Notes and bonds, nominal (2) 2,308,968 + 2,222 + 412,990
Notes and bonds, inflation-indexed (2) 97,332 + 5 + 12,926
Inflation compensation (3) 16,266 + 54 + 3,275
Federal agency debt securities (2) 42,127 0 - 24,394
Mortgage-backed securities (4) 1,674,363 0 + 427,399
Unamortized premiums on securities held outright
(5) 209,177 - 63 + 5,283
Unamortized discounts on securities held outright
(5) -18,647 - 32 - 15,325
Repurchase agreements (6) 0 0 0
Loans 265 + 10 - 54
Net portfolio holdings of Maiden Lane LLC (7) 1,669 + 9 + 179
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) 44 - 16 - 151
Items in process of collection (0) 80 + 5 - 600
Bank premises 2,257 - 15 - 32
Central bank liquidity swaps (11) 75 0 - 1,404
Foreign currency denominated assets (12) 23,657 + 25 - 416
Other assets (13) 34,237 + 1,269 + 5,137
Total assets (0) 4,410,111 + 3,474 + 824,752
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 Aug 6, 2014 Wednesday Wednesday
consolidation Jul 30, 2014 Aug 7, 2013
Liabilities
Federal Reserve notes, net of F.R. Bank holdings 1,244,467 + 2,493 + 87,549
Reverse repurchase agreements (14) 229,393 + 663 + 136,253
Deposits (0) 2,872,425 - 456 + 602,083
Term deposits held by depository institutions 0 0 - 11,913
Other deposits held by depository institutions 2,789,406 + 3,608 + 628,424
U.S. Treasury, General Account 69,324 - 799 + 6,645
Foreign official 6,565 0 - 3,846
Other (15) (0) 7,130 - 3,265 - 17,227
Deferred availability cash items (0) 851 + 212 - 67
Other liabilities and accrued dividends (16) 6,664 + 577 - 2,351
Total liabilities (0) 4,353,800 + 3,489 + 823,467
Capital accounts
Capital paid in 28,155 - 8 + 642
Surplus 28,155 - 8 + 642
Other capital accounts 0 0 0
Total capital 56,311 - 15 + 1,285
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, August 6, 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 1,918 33 86 120 123 319 224 277 28 49 150 182 326
Securities, unamortized premiums and
discounts, repurchase agreements,
and loans 4,329,852 87,580 2,657,376 103,724 94,530 241,984 239,368 176,982 53,450 26,639 57,038 131,932 459,249
Securities held outright (1) 4,139,056 83,726 2,540,402 99,159 90,370 231,335 228,805 169,169 51,052 25,366 54,521 126,118 439,034
U.S. Treasury securities 2,422,566 49,004 1,486,883 58,037 52,893 135,399 133,918 99,014 29,881 14,846 31,911 73,816 256,964
Bills (2) 0 0 0 0 0 0 0 0 0 0 0 0 0
Notes and bonds (3) 2,422,566 49,004 1,486,883 58,037 52,893 135,399 133,918 99,014 29,881 14,846 31,911 73,816 256,964
Federal agency debt securities (2) 42,127 852 25,856 1,009 920 2,355 2,329 1,722 520 258 555 1,284 4,468
Mortgage-backed securities (4) 1,674,363 33,869 1,027,663 40,113 36,557 93,581 92,558 68,434 20,652 10,261 22,055 51,018 177,601
Unamortized premiums on securities held
outright (5) 209,177 4,231 128,385 5,011 4,567 11,691 11,563 8,549 2,580 1,282 2,755 6,374 22,188
Unamortized discounts on securities
held outright (5) -18,647 -377 -11,445 -447 -407 -1,042 -1,031 -762 -230 -114 -246 -568 -1,978
Repurchase agreements (6) 0 0 0 0 0 0 0 0 0 0 0 0 0
Loans 265 0 34 0 0 0 31 26 47 106 7 9 5
Net portfolio holdings of Maiden
Lane LLC (7) 1,669 0 1,669 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) 44 0 44 0 0 0 0 0 0 0 0 0 0
Items in process of collection 80 0 0 0 0 0 80 0 0 0 0 0 0
Bank premises 2,257 121 431 74 109 223 209 198 124 97 244 226 201
Central bank liquidity swaps (11) 75 3 24 6 6 16 4 2 1 0 1 1 11
Foreign currency denominated assets (12) 23,657 1,076 7,610 1,779 1,881 4,933 1,360 653 199 100 249 395 3,423
Other assets (13) 34,237 734 20,678 825 751 2,080 1,887 1,393 495 284 477 1,073 3,559
Interdistrict settlement account 0 + 24,904 + 2,237 + 11,041 + 647 - 28,591 + 7,615 - 24,457 - 11,603 - 3,366 - 2,101 - 4,710 + 28,384
Total assets 4,410,111 115,000 2,696,182 118,116 98,748 222,199 252,749 156,179 43,122 24,068 56,501 130,263 496,983
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, August 6, 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 1,449,011 44,960 496,641 43,074 65,587 104,831 213,329 92,462 37,234 21,220 37,157 116,026 176,491
Less: Notes held by F.R. Banks 204,543 5,074 65,555 6,313 8,810 11,353 20,749 13,714 5,145 4,643 5,308 29,649 28,230
Federal Reserve notes, net 1,244,467 39,886 431,086 36,761 56,777 93,478 192,580 78,748 32,089 16,577 31,849 86,377 148,261
Reverse repurchase agreements (14) 229,393 4,640 140,793 5,496 5,008 12,821 12,681 9,376 2,829 1,406 3,022 6,990 24,332
Deposits 2,872,425 67,727 2,102,447 71,407 32,309 103,800 43,139 66,207 7,560 5,581 20,908 35,716 315,625
Term deposits held by depository
institutions 0 0 0 0 0 0 0 0 0 0 0 0 0
Other deposits held by depository
institutions 2,789,406 67,720 2,019,701 71,375 32,306 103,602 43,130 66,197 7,559 5,581 20,906 35,713 315,616
U.S. Treasury, General Account 69,324 0 69,324 0 0 0 0 0 0 0 0 0 0
Foreign official 6,565 2 6,538 3 3 8 2 1 0 0 0 1 6
Other (15) 7,130 5 6,884 29 0 189 7 9 0 0 1 2 3
Deferred availability cash items 851 0 0 0 0 0 704 0 0 147 0 0 0
Interest on Federal Reserve notes due
to U.S. Treasury (16) 2,038 40 1,284 44 39 113 119 79 13 12 23 61 209
Other liabilities and accrued
dividends (17) 4,626 148 2,204 183 175 463 317 243 130 111 112 181 359
Total liabilities 4,353,800 112,441 2,677,815 113,890 94,309 210,675 249,538 154,652 42,622 23,834 55,914 129,324 488,785
Capital
Capital paid in 28,155 1,279 9,184 2,113 2,220 5,762 1,606 763 250 117 293 469 4,099
Surplus 28,155 1,279 9,184 2,113 2,220 5,762 1,606 763 250 117 293 469 4,099
Other capital 0 0 0 0 0 0 0 0 0 0 0 0 0
Total liabilities and capital 4,410,111 115,000 2,696,182 118,116 98,748 222,199 252,749 156,179 43,122 24,068 56,501 130,263 496,983
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, August 6, 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
Aug 6, 2014
Federal Reserve notes outstanding 1,449,011
Less: Notes held by F.R. Banks not subject to collateralization 204,543
Federal Reserve notes to be collateralized 1,244,467
Collateral held against Federal Reserve notes 1,244,467
Gold certificate account 11,037
Special drawing rights certificate account 5,200
U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 1,228,231
Other assets pledged 0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 4,139,056
Less: Face value of securities under reverse repurchase agreements 208,135
U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,930,921
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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