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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

October 2, 2014

1. Factors Affecting Reserve Balances of Depository Institutions

Millions of dollars

Reserve Bank credit, related items, and
reserve balances of depository institutions at
Federal Reserve Banks

Averages of daily figures

Wednesday
Oct 1, 2014

Week ended
Oct 1, 2014

Change from week ended

Sep 24, 2014

Oct 2, 2013

Reserve Bank credit

4,407,844

-    9,889

+  710,692

4,409,110

Securities held outright1

4,186,648

-    8,571

+  713,701

4,188,166

U.S. Treasury securities

2,450,220

+    3,154

+  380,458

2,451,736

Bills2

         0

         0

         0

         0

Notes and bonds, nominal2

2,335,469

+    3,165

+  366,253

2,336,994

Notes and bonds, inflation-indexed2

    98,188

         0

+   10,979

    98,188

Inflation compensation3

    16,563

-       11

+    3,226

    16,555

Federal agency debt securities2

    40,006

         0

-   21,075

    40,006

Mortgage-backed securities4

1,696,422

-   11,725

+  354,318

1,696,424

Unamortized premiums on securities held outright5

   209,287

-      614

+    5,154

   209,173

Unamortized discounts on securities held outright5

   -18,726

-       41

-   11,592

   -18,758

Repurchase agreements6

         0

         0

         0

         0

Loans

       280

-       50

+       19

       228

Primary credit

        23

-       12

+        8

         4

Secondary credit

         0

         0

         0

         0

Seasonal credit

       242

-       21

+       97

       210

Term Asset-Backed Securities Loan Facility7

        14

-       18

-       87

        14

Other credit extensions

         0

         0

         0

         0

Net portfolio holdings of Maiden Lane LLC8

     1,664

         0

+      170

     1,664

Net portfolio holdings of Maiden Lane II LLC9

         0

         0

-       64

         0

Net portfolio holdings of Maiden Lane III LLC9

         0

         0

-       22

         0

Net portfolio holdings of TALF LLC10

        44

         0

-       68

        44

Float

      -573

-       79

+      115

      -611

Central bank liquidity swaps11

       206

+      183

-      305

       240

Other Federal Reserve assets12

    29,016

-      715

+    3,585

    28,963

Foreign currency denominated assets13

    22,355

-      205

-    1,821

    22,286

Gold stock

    11,041

         0

         0

    11,041

Special drawing rights certificate account

     5,200

         0

         0

     5,200

Treasury currency outstanding14

    46,145

+       14

+      811

    46,145

Total factors supplying reserve funds

4,492,585

-   10,080

+  709,682

4,493,782

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
reserve balances of depository institutions at
Federal Reserve Banks

Averages of daily figures

Wednesday
Oct 1, 2014

Week ended
Oct 1, 2014

Change from week ended

Sep 24, 2014

Oct 2, 2013

Currency in circulation14

1,289,092

+      799

+   81,824

1,290,878

Reverse repurchase agreements15

   298,470

+   27,928

+  184,697

   311,292

Foreign official and international accounts

   100,753

+      464

+    4,785

    98,811

Others

   197,717

+   27,463

+  179,912

   212,481

Treasury cash holdings

       163

-        1

-        6

       185

Deposits with F.R. Banks, other than reserve balances

   135,703

-   11,727

+   50,869

   142,737

Term deposits held by depository institutions

         0

         0

-   11,662

         0

U.S. Treasury, General Account

   119,237

+    4,409

+   81,276

   126,568

Foreign official

     5,244

         0

-    3,642

     5,247

Other16

    11,222

-   16,137

-   15,103

    10,922

Other liabilities and capital17

    63,441

-      215

-    2,059

    62,743

Total factors, other than reserve balances,
absorbing reserve funds

1,786,868

+   16,783

+  315,324

1,807,834

Reserve balances with Federal Reserve Banks

2,705,717

-   26,863

+  394,358

2,685,947

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 7.

9.

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. Refer to the note on consolidation accompanying table 7.

10.

Refer to table 5 and the note on consolidation accompanying table 7.

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.

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.

13.

Revalued daily at current foreign currency exchange rates.

14.

Estimated.

15.

Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.

16.

Includes deposits held at the Reserve Banks by international and multilateral organizations, government-sponsored enterprises, and designated financial market utilities.

17.

Includes the liabilities of TALF LLC to entities other than the Federal Reserve Bank of New York, including liabilities that have recourse only to the portfolio holdings of this LLC. Refer to table 5 and the note on consolidation accompanying table 7. Also includes the liability for interest on Federal Reserve notes due to U.S. Treasury. Refer to table 6 and table 7.

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
Oct 1, 2014

Week ended
Oct 1, 2014

Change from week ended

Sep 24, 2014

Oct 2, 2013

Securities held in custody for foreign official and international accounts

3,344,237

-   15,365

+   53,018

3,335,608

Marketable U.S. Treasury securities1

3,010,397

-   13,177

+   75,417

3,000,945

Federal agency debt and mortgage-backed securities2

   290,776

-    2,318

-   27,239

   291,483

Other securities3

    43,064

+      130

+    4,841

    43,180

Securities lent to dealers

    13,143

+       42

-    7,037

    13,344

Overnight facility4

    13,143

+       42

-    7,037

    13,344

U.S. Treasury securities

    12,446

+      128

-    6,729

    12,540

Federal agency debt securities

       697

-       86

-      308

       804

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, 6, and 7.

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, October 1, 2014

Millions of dollars

Remaining Maturity

Within 15
days

16 days to
90 days

91 days to
1 year

Over 1 year
to 5 years

Over 5 year
to 10 years

Over 10
years

All

Loans

        49

       179

         0

         0

         0

...

       228

U.S. Treasury securities1

Holdings

         0

        89

     3,194

1,047,868

   739,908

   660,676

2,451,736

Weekly changes

-        1

         0

         0

+    9,115

-    6,985

+      981

+    3,111

Federal agency debt securities2

Holdings

       306

     1,023

     3,584

    32,746

         0

     2,347

    40,006

Weekly changes

+      306

-      306

         0

         0

         0

         0

         0

Mortgage-backed securities3

Holdings

         0

         0

         0

        10

     4,715

1,691,699

1,696,424

Weekly changes

         0

         0

         0

         0

-       82

-    9,776

-    9,858

Asset-backed securities held by
TALF LLC4

         0

         0

         0

         0

         0

         0

         0

Repurchase agreements5

         0

         0

...

...

...

...

         0

Central bank liquidity swaps6

       240

         0

         0

         0

         0

         0

       240

Reverse repurchase agreements5

   311,292

         0

...

...

...

...

   311,292

Term deposits

         0

         0

         0

...

...

...

         0

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

1.

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.

2.

Face value.

3.

Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the remaining principal balance of the securities.

4.

Face value of asset-backed securities held by TALF LLC, which is the remaining principal balance of the underlying assets.

5.

Cash value of agreements.

6.

Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to
the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the foreign
central bank.


3. Supplemental Information on Mortgage-Backed Securities

Millions of dollars

Account name

Wednesday

Oct 1, 2014

Mortgage-backed securities held outright1

1,696,424

Commitments to buy mortgage-backed securities2

    65,466

Commitments to sell mortgage-backed securities2

         0

Cash and cash equivalents3

        12

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 6 and table 7.


4. Information on Principal Accounts of Maiden Lane LLC

Millions of dollars

Account name

Wednesday

Oct 1, 2014

Net portfolio holdings of Maiden Lane LLC1

     1,664

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2

         0

Accrued interest payable to the Federal Reserve Bank of New York2

         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 7.

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 6 and table 7.

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. The remaining outstanding balances of the senior loan from FRBNY to Maiden Lane LLC, and the subordinated loan from JPMorgan Chase & Co. to Maiden Lane LLC were repaid in full, with interest.


5. Information on Principal Accounts of TALF LLC

Millions of dollars

Account name

Wednesday

Oct 1, 2014

Asset-backed securities holdings1

         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 York2

         0

Accrued interest payable to the Federal Reserve Bank of New York2

         0

Funding provided by U.S. Treasury to TALF LLC, including accrued interest payable3

         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 7.

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 6 and table 7.

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.


6. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Assets, liabilities, and capital

Eliminations from consolidation

Wednesday
Oct 1, 2014

Change since

Wednesday

Wednesday

Sep 24, 2014

Oct 2, 2013

Assets

Gold certificate account

    11,037

         0

         0

Special drawing rights certificate account

     5,200

         0

         0

Coin

     1,928

-        7

-       77

Securities, unamortized premiums and discounts, repurchase agreements, and loans

4,378,809

-    7,441

+  701,930

Securities held outright1

4,188,166

-    6,747

+  708,454

U.S. Treasury securities

2,451,736

+    3,111

+  374,809

Bills2

         0

         0

         0

Notes and bonds, nominal2

2,336,994

+    3,127

+  360,620

Notes and bonds, inflation-indexed2

    98,188

         0

+   10,979

Inflation compensation3

    16,555

-       15

+    3,210

Federal agency debt securities2

    40,006

         0

-   20,646

Mortgage-backed securities4

1,696,424

-    9,858

+  354,291

Unamortized premiums on securities held outright5

   209,173

-      538

+    4,986

Unamortized discounts on securities held outright5

   -18,758

-       53

-   11,483

Repurchase agreements6

         0

         0

         0

Loans

       228

-      103

-       26

Net portfolio holdings of Maiden Lane LLC7

     1,664

         0

+      171

Net portfolio holdings of Maiden Lane II LLC8

         0

         0

-       64

Net portfolio holdings of Maiden Lane III LLC8

         0

         0

-       22

Net portfolio holdings of TALF LLC9

        44

         0

-       68

Items in process of collection

(0)

        90

+       11

+        4

Bank premises

     2,257

-        3

-       26

Central bank liquidity swaps10

       240

+      217

-      271

Foreign currency denominated assets11

    22,286

-      214

-    2,098

Other assets12

    26,706

-    1,354

+    3,395

Total assets

(0)

4,450,260

-    8,790

+  702,873

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.


6. Consolidated Statement of Condition of All Federal Reserve Banks (continued)

Millions of dollars

Assets, liabilities, and capital

Eliminations from consolidation

Wednesday
Oct 1, 2014

Change since

Wednesday

Wednesday

Sep 24, 2014

Oct 2, 2013

Liabilities

Federal Reserve notes, net of F.R. Bank holdings

1,246,841

+    1,723

+   80,362

Reverse repurchase agreements13

   311,292

+   49,568

+  215,907

Deposits

(0)

2,828,684

-   60,272

+  408,956

Term deposits held by depository institutions

         0

         0

-   11,662

Other deposits held by depository institutions

2,685,947

-   21,238

+  356,791

U.S. Treasury, General Account

   126,568

+    7,663

+   69,035

Foreign official

     5,247

+        4

-    3,629

Other14

(0)

    10,922

-   46,701

-    1,578

Deferred availability cash items

(0)

       701

+       49

-      182

Other liabilities and accrued dividends15

     6,363

+      131

-    3,665

Total liabilities

(0)

4,393,880

-    8,801

+  701,376

Capital accounts

Capital paid in

    28,190

+        5

+      749

Surplus

    28,190

+        5

+      749

Other capital accounts

         0

         0

         0

Total capital

    56,380

+       10

+    1,497

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 7.

8.

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. Refer to the note on consolidation accompanying table 7.

9.

Refer to table 5 and the note on consolidation accompanying table 7.

10.

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.

11.

Revalued daily at current foreign currency exchange rates.

12.

Includes accrued interest, which represents the daily accumulation of interest earned, and other accounts receivable.

13.

Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.

14.

Includes deposits held at the Reserve Banks by international and multilateral organizations, government-sponsored enterprises, and designated financial market utilities.

15.

Includes the liabilities of TALF LLC to entities other than the Federal Reserve Bank of New York, including liabilities that have recourse only to the portfolio holdings of this LLC. Refer to table 5 and the note on consolidation accompanying table 7. Also includes the liability for interest on Federal Reserve notes due to U.S. Treasury.


7. Statement of Condition of Each Federal Reserve Bank, October 1, 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

     1,928

        33

        93

       124

       121

       317

       224

       276

        24

        47

       151

       183

       335

Securities, unamortized premiums and discounts, repurchase agreements,
and loans

4,378,809

    88,571

2,687,428

   104,897

    95,600

   244,722

   242,075

   178,969

    54,051

    26,940

    57,693

   133,424

   464,441

Securities held outright1

4,188,166

    84,719

2,570,544

   100,336

    91,442

   234,079

   231,519

   171,176

    51,658

    25,667

    55,168

   127,615

   444,243

U.S. Treasury securities

2,451,736

    49,594

1,504,786

    58,736

    53,530

   137,029

   135,531

   100,206

    30,240

    15,025

    32,295

    74,705

   260,058

Bills2

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Notes and bonds3

2,451,736

    49,594

1,504,786

    58,736

    53,530

   137,029

   135,531

   100,206

    30,240

    15,025

    32,295

    74,705

   260,058

Federal agency debt securities2

    40,006

       809

    24,554

       958

       873

     2,236

     2,212

     1,635

       493

       245

       527

     1,219

     4,243

Mortgage-backed securities4

1,696,424

    34,316

1,041,203

    40,641

    37,039

    94,814

    93,777

    69,335

    20,924

    10,396

    22,346

    51,690

   179,941

Unamortized premiums on securities held outright5

   209,173

     4,231

   128,383

     5,011

     4,567

    11,691

    11,563

     8,549

     2,580

     1,282

     2,755

     6,374

    22,187

Unamortized discounts on securities held outright5

   -18,758

      -379

   -11,513

      -449

      -410

    -1,048

    -1,037

      -767

      -231

      -115

      -247

      -572

    -1,990

Repurchase agreements6

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Loans

       228

         0

        14

         0

         0

         0

        29

        10

        44

       107

        17

         7

         0

Net portfolio holdings of Maiden

Lane LLC7

     1,664

         0

     1,664

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Net portfolio holdings of Maiden

Lane II LLC8

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Net portfolio holdings of Maiden

Lane III LLC8

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Net portfolio holdings of TALF LLC9

        44

         0

        44

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Items in process of collection

        90

         0

         0

         0

         0

         0

        89

         0

         0

         0

         0

         0

         0

Bank premises

     2,257

       122

       435

        74

       110

       221

       210

       198

       123

        97

       243

       224

       200

Central bank liquidity swaps10

       240

        11

        77

        18

        19

        50

        14

         7

         2

         1

         3

         4

        35

Foreign currency denominated

assets11

    22,286

     1,013

     7,169

     1,675

     1,772

     4,646

     1,281

       615

       187

        94

       235

       373

     3,224

Other assets12

    26,706

       575

    16,144

       639

       586

     1,651

     1,474

     1,086

       389

       197

       375

       820

     2,770

Interdistrict settlement account

         0

+   30,481

-   61,069

-    2,046

+    9,070

-   14,964

+   10,541

-    9,463

-    9,970

-    1,477

-    1,425

+    7,703

+   42,618

Total assets

4,450,260

   121,354

2,657,928

   105,931

   107,979

   237,880

   257,911

   172,818

    45,233

    26,163

    57,718

   143,892

   515,454

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.


7. Statement of Condition of Each Federal Reserve Bank, October 1, 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

1,445,148

    44,409

   484,646

    43,474

    66,002

   102,695

   213,830

    96,271

    38,097

    21,064

    36,548

   116,533

   181,578

Less: Notes held by F.R. Banks

   198,307

     5,412

    66,320

     6,291

     9,275

    11,437

    22,273

    11,423

     4,987

     3,911

     5,379

    22,981

    28,619

Federal Reserve notes, net

1,246,841

    38,998

   418,326

    37,183

    56,728

    91,258

   191,557

    84,848

    33,110

    17,153

    31,170

    93,552

   152,959

Reverse repurchase agreements13

   311,292

     6,297

   191,060

     7,458

     6,797

    17,398

    17,208

    12,723

     3,840

     1,908

     4,100

     9,485

    33,019

Deposits

2,828,684

    73,306

2,027,050

    57,406

    39,788

   116,554

    44,883

    73,378

     7,624

     6,652

    21,723

    39,653

   320,667

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

2,685,947

    73,303

1,884,511

    57,371

    39,785

   116,426

    44,874

    73,371

     7,623

     6,651

    21,721

    39,652

   320,659

U.S. Treasury, General Account

   126,568

         0

   126,568

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Foreign official

     5,247

         2

     5,220

         3

         3

         8

         2

         1

         0

         0

         0

         1

         6

Other14

    10,922

         1

    10,751

        32

         0

       119

         7

         6

         0

         0

         1

         1

         3

Deferred availability cash items

       701

         0

         0

         0

         0

         0

       610

         0

         0

        91

         0

         0

         0

Interest on Federal Reserve notes due
to U.S. Treasury15

     1,683

        32

     1,098

       553

        18

      -441

        76

        75

        25

        11

        15

        55

       166

Other liabilities and accrued
dividends16

     4,680

       158

     2,008

       197

       207

       511

       347

       266

       132

       113

       120

       191

       431

Total liabilities

4,393,880

   118,791

2,639,542

   102,797

   103,537

   225,280

   254,680

   171,289

    44,730

    25,927

    57,128

   142,937

   507,242

Capital

Capital paid in

    28,190

     1,282

     9,193

     1,567

     2,221

     6,300

     1,615

       764

       252

       118

       295

       478

     4,106

Surplus

    28,190

     1,282

     9,193

     1,567

     2,221

     6,300

     1,615

       764

       252

       118

       295

       478

     4,106

Other capital

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Total liabilities and capital

4,450,260

   121,354

2,657,928

   105,931

   107,979

   237,880

   257,911

   172,818

    45,233

    26,163

    57,718

   143,892

   515,454

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.


7. Statement of Condition of Each Federal Reserve Bank, October 1, 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.

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. Refer to the note on consolidation below.

9.

Refer to table 5 and the note on consolidation below.

10.

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.

11.

Revalued daily at current foreign currency exchange rates.

12.

Includes accrued interest, which represents the daily accumulation of interest earned, and other accounts receivable.

13.

Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.

14.

Includes deposits held at the Reserve Banks by international and multilateral organizations, government-sponsored enterprises, and designated financial market utilities.

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 TALF LLC to entities other than the Federal Reserve Bank of New York, including liabilities that have recourse only to the portfolio holdings of this LLC. Refer to table 5 and the note on consolidation below.

Note on consolidation:

The Federal Reserve Bank of New York (FRBNY) 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 June 14, 2012, the remaining outstanding balance of the senior loan from FRBNY to Maiden Lane LLC was repaid in full, with interest. On November 15, 2012, the remaining outstanding balance of the subordinated loan from JPMorgan Chase & Co. to Maiden Lane LLC was repaid in full, with interest. 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. had written credit default swap contracts. On June 14, 2012, the loan from FRBNY to Maiden Lane III was repaid in full, with interest. 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 March 1, 2012, the loan from FRBNY to Maiden Lane II was repaid in full, with interest. 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. On January 15, 2013 the FRBNY's commitment to extend credit to TALF LLC was eliminated.

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 6), 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 6).

8. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts

Millions of dollars

Federal Reserve notes and collateral

Wednesday

Oct 1, 2014

Federal Reserve notes outstanding

1,445,148

Less: Notes held by F.R. Banks not subject to collateralization

   198,307

Federal Reserve notes to be collateralized

1,246,841

Collateral held against Federal Reserve notes

1,246,841

Gold certificate account

    11,037

Special drawing rights certificate account

     5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2

1,230,604

Other assets pledged

         0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2

4,188,166

Less: Face value of securities under reverse repurchase agreements

   300,674

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged

3,887,492

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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