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Release Date: October 1, 2015
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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 1, 2015
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 Sep 30, 2015
Federal Reserve Banks Sep 30, 2015 Sep 23, 2015 Oct 1, 2014
Reserve Bank credit 4,448,006 - 8,513 + 40,162 4,445,480
Securities held outright (1) 4,239,890 - 7,615 + 53,242 4,238,274
U.S. Treasury securities 2,461,947 + 1 + 11,727 2,461,948
Bills (2) 0 0 0 0
Notes and bonds, nominal (2) 2,346,640 0 + 11,171 2,346,639
Notes and bonds, inflation-indexed (2) 98,534 0 + 346 98,534
Inflation compensation (3) 16,773 + 2 + 210 16,774
Federal agency debt securities (2) 35,093 0 - 4,913 35,093
Mortgage-backed securities (4) 1,742,850 - 7,617 + 46,428 1,741,233
Unamortized premiums on securities held outright (5) 193,872 - 667 - 15,415 193,677
Unamortized discounts on securities held outright (5) -17,038 + 96 + 1,688 -17,017
Repurchase agreements (6) 0 0 0 0
Loans 260 - 9 - 20 252
Primary credit 18 + 7 - 5 16
Secondary credit 0 0 0 0
Seasonal credit 242 - 16 0 236
Term Asset-Backed Securities Loan Facility (7) 0 0 - 14 0
Other credit extensions 0 0 0 0
Net portfolio holdings of Maiden Lane LLC (8) 1,702 0 + 38 1,703
Net portfolio holdings of TALF LLC (9) 0 0 - 44 0
Float 34 - 83 + 607 -87
Central bank liquidity swaps (10) 681 - 2 + 475 681
Other Federal Reserve assets (11) 28,605 - 232 - 411 27,996
Foreign currency denominated assets (12) 20,022 - 63 - 2,333 20,002
Gold stock 11,041 0 0 11,041
Special drawing rights certificate account 5,200 0 0 5,200
Treasury currency outstanding (13) 47,121 + 14 + 950 47,121
Total factors supplying reserve funds 4,531,391 - 8,561 + 38,780 4,528,844
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 Sep 30, 2015
Federal Reserve Banks Sep 30, 2015 Sep 23, 2015 Oct 1, 2014
Currency in circulation (13) 1,384,849 + 1,269 + 95,731 1,387,415
Reverse repurchase agreements (14) 385,293 + 94,492 + 86,823 641,081
Foreign official and international accounts 169,308 + 9,918 + 68,555 191,467
Others 215,985 + 84,575 + 18,268 449,614
Treasury cash holdings 162 + 16 - 1 191
Deposits with F.R. Banks, other than reserve balances 180,777 + 4,764 + 45,074 237,215
Term deposits held by depository institutions 0 0 0 0
U.S. Treasury, General Account 145,165 - 8,347 + 25,928 198,716
Foreign official 5,395 - 32 + 151 6,231
Other (15) 30,217 + 13,144 + 18,995 32,267
Other liabilities and capital (16) 65,988 - 561 + 2,547 65,285
Total factors, other than reserve balances,
absorbing reserve funds 2,017,069 + 99,981 + 230,175 2,331,188
Reserve balances with Federal Reserve Banks 2,514,321 - 108,544 - 191,396 2,197,657
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 6.
9. Refer to the note on consolidation accompanying table 6.
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. 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.
12. Revalued daily at current foreign currency exchange rates.
13. Estimated.
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 liability for interest on Federal Reserve notes due to U.S. Treasury.
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 Sep 30, 2015
Sep 30, 2015 Sep 23, 2015 Oct 1, 2014
Securities held in custody for foreign official and
international accounts 3,333,696 - 17,875 - 10,541 3,323,627
Marketable U.S. Treasury securities (1) 3,007,185 - 16,765 - 3,212 2,997,282
Federal agency debt and mortgage-backed securities (2) 281,580 - 1,090 - 9,196 281,468
Other securities (3) 44,931 - 20 + 1,867 44,877
Securities lent to dealers 14,131 - 64 + 988 15,422
Overnight facility (4) 14,131 - 64 + 988 15,422
U.S. Treasury securities 14,080 - 66 + 1,634 15,350
Federal agency debt securities 51 + 2 - 646 72
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, 5, and 6.
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, September 30, 2015
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 191 61 0 0 0 ... 252
U.S. Treasury securities (1)
Holdings 0 327 166,961 1,142,559 514,060 638,041 2,461,948
Weekly changes - 1 0 0 + 8,653 - 8,652 + 1 + 2
Federal agency debt securities (2)
Holdings 947 1,202 12,452 18,145 0 2,347 35,093
Weekly changes + 947 - 947 0 0 0 0 0
Mortgage-backed securities (3)
Holdings 0 0 0 146 9,314 1,731,773 1,741,233
Weekly changes 0 0 0 - 5 - 192 - 11,189 - 11,386
Repurchase agreements (4) 0 0 ... ... ... ... 0
Central bank liquidity swaps (5) 681 0 0 0 0 0 681
Reverse repurchase agreements (4) 641,081 0 ... ... ... ... 641,081
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. Cash value of agreements.
5. 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
Sep 30, 2015
Mortgage-backed securities held outright (1) 1,741,233
Commitments to buy mortgage-backed securities (2) 27,069
Commitments to sell mortgage-backed securities (2) 0
Cash and cash equivalents (3) 31
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 5
and table 6.
4. Information on Principal Accounts of Maiden Lane LLC
Millions of dollars
Account name Wednesday
Sep 30, 2015
Net portfolio holdings of Maiden Lane LLC (1) 1,703
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, 2015. 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 6.
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 5 and table 6.
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. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of dollars
Assets, liabilities, and capital Eliminations Wednesday Change since
from Sep 30, 2015 Wednesday Wednesday
consolidation Sep 23, 2015 Oct 1, 2014
Assets
Gold certificate account 11,037 0 0
Special drawing rights certificate account 5,200 0 0
Coin 1,909 + 2 - 19
Securities, unamortized premiums and discounts,
repurchase agreements, and loans 4,415,186 - 12,097 + 36,377
Securities held outright (1) 4,238,274 - 11,384 + 50,108
U.S. Treasury securities 2,461,948 + 2 + 10,212
Bills (2) 0 0 0
Notes and bonds, nominal (2) 2,346,639 - 1 + 9,645
Notes and bonds, inflation-indexed (2) 98,534 0 + 346
Inflation compensation (3) 16,774 + 2 + 219
Federal agency debt securities (2) 35,093 0 - 4,913
Mortgage-backed securities (4) 1,741,233 - 11,386 + 44,809
Unamortized premiums on securities held outright
(5) 193,677 - 783 - 15,496
Unamortized discounts on securities held outright
(5) -17,017 + 102 + 1,741
Repurchase agreements (6) 0 0 0
Loans 252 - 31 + 24
Net portfolio holdings of Maiden Lane LLC (7) 1,703 + 1 + 39
Net portfolio holdings of TALF LLC (8) 0 0 - 44
Items in process of collection (0) 396 + 89 + 306
Bank premises 2,241 + 3 - 16
Central bank liquidity swaps (9) 681 - 2 + 441
Foreign currency denominated assets (10) 20,002 + 34 - 2,284
Other assets (11) 25,755 - 1,404 - 951
Total assets (0) 4,484,111 - 13,373 + 33,851
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.
5. Consolidated Statement of Condition of All Federal Reserve Banks (continued)
Millions of dollars
Assets, liabilities, and capital Eliminations Wednesday Change since
from Sep 30, 2015 Wednesday Wednesday
consolidation Sep 23, 2015 Oct 1, 2014
Liabilities
Federal Reserve notes, net of F.R. Bank holdings 1,342,390 + 2,547 + 95,549
Reverse repurchase agreements (12) 641,081 + 337,284 + 329,789
Deposits (0) 2,434,871 - 353,712 - 393,813
Term deposits held by depository institutions 0 0 0
Other deposits held by depository institutions 2,197,657 - 404,539 - 488,290
U.S. Treasury, General Account 198,716 + 33,775 + 72,148
Foreign official 6,231 + 975 + 984
Other (13) (0) 32,267 + 16,077 + 21,345
Deferred availability cash items (0) 483 + 245 - 218
Other liabilities and accrued dividends (14) 6,724 + 253 + 361
Total liabilities (0) 4,425,550 - 13,383 + 31,670
Capital accounts
Capital paid in 29,281 + 5 + 1,091
Surplus 29,281 + 5 + 1,091
Other capital accounts 0 0 0
Total capital 58,561 + 9 + 2,181
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 6.
8. Refer to the note on consolidation accompanying table 6.
9. 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.
10. Revalued daily at current foreign currency exchange rates.
11. Includes accrued interest, which represents the daily accumulation of interest earned, and other
accounts receivable.
12. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt
securities, and mortgage-backed securities.
13. Includes deposits held at the Reserve Banks by international and multilateral organizations,
government-sponsored enterprises, and designated financial market utilities.
14. Includes the liability for interest on Federal Reserve notes due to U.S. Treasury.
6. Statement of Condition of Each Federal Reserve Bank, September 30, 2015
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 11,037 347 3,709 340 505 783 1,600 734 299 171 288 891 1,370
Special drawing rights certificate acct. 5,200 196 1,818 210 237 412 654 424 150 90 153 282 574
Coin 1,909 49 69 133 134 303 197 273 32 44 153 197 325
Securities, unamortized premiums and
discounts, repurchase agreements,
and loans 4,415,186 111,916 2,650,338 109,812 106,153 239,791 248,648 164,049 46,082 26,984 57,361 142,227 511,826
Securities held outright (1) 4,238,274 107,438 2,544,287 105,413 101,898 230,196 238,666 157,471 44,199 25,775 55,057 136,529 491,345
U.S. Treasury securities 2,461,948 62,409 1,477,937 61,233 59,191 133,717 138,637 91,472 25,674 14,973 31,982 79,307 285,415
Bills (2) 0 0 0 0 0 0 0 0 0 0 0 0 0
Notes and bonds (3) 2,461,948 62,409 1,477,937 61,233 59,191 133,717 138,637 91,472 25,674 14,973 31,982 79,307 285,415
Federal agency debt securities (2) 35,093 890 21,067 873 844 1,906 1,976 1,304 366 213 456 1,130 4,068
Mortgage-backed securities (4) 1,741,233 44,139 1,045,283 43,307 41,863 94,573 98,052 64,695 18,158 10,589 22,620 56,091 201,862
Unamortized premiums on securities held
outright (5) 193,677 4,910 116,267 4,817 4,656 10,519 10,906 7,196 2,020 1,178 2,516 6,239 22,453
Unamortized discounts on securities
held outright (5) -17,017 -431 -10,215 -423 -409 -924 -958 -632 -177 -103 -221 -548 -1,973
Repurchase agreements (6) 0 0 0 0 0 0 0 0 0 0 0 0 0
Loans 252 0 0 5 8 0 34 15 41 134 8 8 0
Net portfolio holdings of Maiden
Lane LLC (7) 1,703 0 1,703 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of TALF LLC (8) 0 0 0 0 0 0 0 0 0 0 0 0 0
Items in process of collection 396 0 0 0 0 0 396 0 0 0 0 0 0
Bank premises 2,241 126 442 75 107 214 208 205 118 93 238 221 196
Central bank liquidity swaps (9) 681 31 219 38 53 156 39 18 6 3 7 10 100
Foreign currency denominated
assets (10) 20,002 906 6,456 1,117 1,558 4,587 1,137 537 186 84 210 288 2,935
Other assets (11) 25,755 689 15,010 650 632 1,568 1,467 977 344 188 374 850 3,005
Interdistrict settlement account 0 + 1,180 - 238,446 + 15,550 + 41,366 + 53,861 + 12,285 + 47,821 + 14,346 + 7,079 + 4,169 + 17,989 + 22,800
Total assets 4,484,111 115,440 2,441,320 127,925 150,746 301,675 266,631 215,038 61,563 34,736 62,953 162,954 543,130
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.
6. Statement of Condition of Each Federal Reserve Bank, September 30, 2015 (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 1,528,088 48,934 501,689 50,072 83,263 105,605 213,516 105,031 52,479 26,962 41,292 116,600 182,645
Less: Notes held by F.R. Banks 185,698 6,562 57,365 6,844 10,224 12,658 24,367 11,919 4,964 3,203 4,764 14,843 27,984
Federal Reserve notes, net 1,342,390 42,372 444,324 43,228 73,039 92,947 189,149 93,112 47,515 23,759 36,528 101,757 154,661
Reverse repurchase agreements (12) 641,081 16,251 384,849 15,945 15,413 34,819 36,101 23,819 6,686 3,899 8,328 20,651 74,321
Deposits 2,434,871 54,011 1,589,562 65,279 57,552 160,119 37,341 96,204 6,647 6,497 17,338 39,439 304,882
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 2,197,657 54,007 1,360,596 65,277 57,549 159,993 37,332 88,150 6,610 6,497 17,337 39,437 304,874
U.S. Treasury, General Account 198,716 0 198,716 0 0 0 0 0 0 0 0 0 0
Foreign official 6,231 2 6,204 2 3 9 2 1 0 0 0 1 6
Other (13) 32,267 3 24,045 0 0 117 7 8,053 37 0 1 2 2
Deferred availability cash items 483 0 0 0 0 0 297 0 0 185 0 0 0
Interest on Federal Reserve notes due
to U.S. Treasury (14) 1,848 45 1,129 42 40 92 115 70 17 9 18 60 212
Other liabilities and accrued
dividends 4,876 157 2,251 198 216 542 323 252 129 135 121 182 369
Total liabilities 4,425,550 112,836 2,422,115 124,692 146,261 288,520 263,326 213,456 60,994 34,484 62,333 162,089 534,445
Capital
Capital paid in 29,281 1,302 9,603 1,617 2,242 6,578 1,652 791 285 126 310 433 4,342
Surplus 29,281 1,302 9,603 1,617 2,242 6,578 1,652 791 285 126 310 433 4,342
Other capital 0 0 0 0 0 0 0 0 0 0 0 0 0
Total liabilities and capital 4,484,111 115,440 2,441,320 127,925 150,746 301,675 266,631 215,038 61,563 34,736 62,953 162,954 543,130
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.
6. Statement of Condition of Each Federal Reserve Bank, September 30, 2015 (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 the note on consolidation below.
9. 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.
10. Revalued daily at current foreign currency exchange rates.
11. Includes accrued interest, which represents the daily accumulation of interest earned, and other accounts receivable.
12. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.
13. Includes deposits held at the Reserve Banks by international and multilateral organizations, government-sponsored enterprises, and designated financial market utilities.
14. 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.
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 (ML), 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 ML was
repaid in full, with interest. On November 15, 2012, the remaining outstanding balance of the subordinated loan from JPMorgan Chase & Co. to ML was repaid in full, with interest. On November 25,
2008, the Federal Reserve Board authorized FRBNY to extend credit to TALF LLC, which was formed to purchase and manage any asset-backed securities received by 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 FRBNY's commitment to extend credit to TALF LLC was eliminated.
FRBNY was the primary beneficiary of ML because it received a majority of the residual returns and could have absorbed a majority of any residual losses should they have occurred. FRBNY was
the primary beneficiary of TALF LLC, because of the two beneficiaries of TALF LLC, FRBNY and the U.S. Treasury, FRBNY was primarily responsible for directing the financial activities of TALF
LLC. Consistent with generally accepted accounting principles, the assets and liabilities of these LLCs were consolidated with the assets and liabilities of FRBNY in the preparation of the
statements of condition shown on this release. As a consequence of the consolidation, the extensions of credit from FRBNY to the LLCs were eliminated, the net assets of the LLCs appeared as assets
on the previous page (and in table 1 and table 5), and the liabilities of the LLCs to entities other than FRBNY, including those with recourse only to the portfolio holdings of the LLCs, were
included in other liabilities in this table (and table 1 and table 5).
7. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts
Millions of dollars
Federal Reserve notes and collateral Wednesday
Sep 30, 2015
Federal Reserve notes outstanding 1,528,088
Less: Notes held by F.R. Banks not subject to collateralization 185,698
Federal Reserve notes to be collateralized 1,342,390
Collateral held against Federal Reserve notes 1,342,390
Gold certificate account 11,037
Special drawing rights certificate account 5,200
U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 1,326,153
Other assets pledged 0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 4,238,274
Less: Face value of securities under reverse repurchase agreements 603,013
U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,635,261
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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