FEDERAL RESERVE statistical release
H.4.1
Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks | June 23, 2016 |
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1. Factors Affecting Reserve Balances of Depository Institutions
Millions of dollars
Reserve Bank credit, related items, and | Averages of daily figures | Wednesday |
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Week ended | Change from week ended |
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Jun 15, 2016 | Jun 24, 2015 |
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Reserve Bank credit | 4,438,233 | + 6,549 | - 21,898 | 4,442,347 |
Securities held outright1 | 4,242,153 | + 5,727 | - 4,614 | 4,245,772 |
U.S. Treasury securities | 2,462,118 | + 135 | + 1,227 | 2,462,168 |
Bills2 | 0 | 0 | 0 | 0 |
Notes and bonds, nominal2 | 2,339,286 | 0 | - 7,356 | 2,339,286 |
Notes and bonds, inflation-indexed2 | 105,939 | 0 | + 7,405 | 105,939 |
Inflation compensation3 | 16,892 | + 135 | + 1,177 | 16,942 |
Federal agency debt securities2 | 25,096 | 0 | - 10,799 | 25,096 |
Mortgage-backed securities4 | 1,754,939 | + 5,591 | + 4,958 | 1,758,508 |
Unamortized premiums on securities held outright5 | 181,622 | - 151 | - 17,599 | 181,634 |
Unamortized discounts on securities held outright5 | -15,970 | + 37 | + 1,592 | -15,958 |
Repurchase agreements6 | 0 | 0 | 0 | 0 |
Loans | 147 | + 43 | - 29 | 144 |
Primary credit | 39 | + 30 | + 16 | 22 |
Secondary credit | 0 | 0 | 0 | 0 |
Seasonal credit | 108 | + 13 | - 45 | 122 |
Other credit extensions | 0 | 0 | 0 | 0 |
Net portfolio holdings of Maiden Lane LLC7 | 1,713 | 0 | + 17 | 1,713 |
Float | -139 | + 65 | + 195 | -122 |
Central bank liquidity swaps8 | 0 | - 6 | - 115 | 0 |
Other Federal Reserve assets9 | 28,708 | + 835 | - 1,343 | 29,163 |
Foreign currency denominated assets10 | 21,259 | + 170 | + 1,329 | 21,269 |
Gold stock | 11,041 | 0 | 0 | 11,041 |
Special drawing rights certificate account | 5,200 | 0 | 0 | 5,200 |
Treasury currency outstanding11 | 47,913 | + 14 | + 942 | 47,913 |
Total factors supplying reserve funds | 4,523,646 | + 6,734 | - 19,628 | 4,527,770 |
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 |
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Week ended | Change from week ended |
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Jun 15, 2016 | Jun 24, 2015 |
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Currency in circulation11 | 1,456,060 | - 614 | + 91,644 | 1,457,131 |
Reverse repurchase agreements12 | 307,819 | + 26,141 | - 2,957 | 335,070 |
Foreign official and international accounts | 242,732 | - 60 | + 91,506 | 244,684 |
Others | 65,087 | + 26,201 | - 94,464 | 90,386 |
Treasury cash holdings | 90 | - 3 | - 40 | 96 |
Deposits with F.R. Banks, other than reserve balances | 349,659 | + 69,004 | + 78,916 | 369,599 |
Term deposits held by depository institutions | 0 | 0 | 0 | 0 |
U.S. Treasury, General Account | 316,838 | + 85,581 | + 77,340 | 331,412 |
Foreign official | 5,334 | + 117 | + 92 | 5,196 |
Other13 | 27,487 | - 16,694 | + 1,484 | 32,991 |
Other liabilities and capital14 | 48,120 | - 538 | - 18,763 | 47,279 |
Total factors, other than reserve balances, | 2,161,748 | + 93,989 | + 148,799 | 2,209,175 |
Reserve balances with Federal Reserve Banks | 2,361,897 | - 87,256 | - 168,427 | 2,318,595 |
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. |
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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 |
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 |
6. | Cash value of agreements. |
7. | Refer to table 4 and the note on consolidation accompanying table 6. |
8. | Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned |
9. | Includes accrued interest, which represents the daily accumulation of interest earned, and other accounts receivable. Also, includes Reserve |
10. | Revalued daily at current foreign currency exchange rates. |
11. | Estimated. |
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. Also includes certain deposit accounts other than the U.S. Treasury, General Account, for services provided by the Reserve Banks as fiscal agents of the United States. |
14. | Includes the liability for earnings remittances due to the 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 |
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Week ended | Change from week ended |
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Jun 15, 2016 | Jun 24, 2015 |
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Securities held in custody for foreign official and international accounts | 3,238,493 | + 139 | - 129,581 | 3,236,220 |
Marketable U.S. Treasury securities1 | 2,925,000 | + 2,191 | - 96,643 | 2,923,142 |
Federal agency debt and mortgage-backed securities2 | 263,195 | - 1,919 | - 38,540 | 262,741 |
Other securities3 | 50,298 | - 132 | + 5,602 | 50,337 |
Securities lent to dealers | 21,153 | + 72 | + 9,700 | 22,898 |
Overnight facility4 | 21,153 | + 72 | + 9,700 | 22,898 |
U.S. Treasury securities | 21,143 | + 69 | + 9,832 | 22,885 |
Federal agency debt securities | 10 | + 3 | - 132 | 13 |
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. |
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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, June 22, 2016 |
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Millions of dollars
Remaining Maturity | Within 15 | 16 days to | 91 days to | Over 1 year | Over 5 year | Over 10 | All |
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Loans | 135 | 10 | 0 | 0 | 0 | ... | 144 |
U.S. Treasury securities1 | |||||||
Holdings | 13,567 | 24,155 | 140,391 | 1,198,015 | 449,682 | 636,358 | 2,462,168 |
Weekly changes | 0 | + 4 | + 4 | + 21 | + 24 | + 82 | + 136 |
Federal agency debt securities2 | |||||||
Holdings | 0 | 4,604 | 12,395 | 5,750 | 0 | 2,347 | 25,096 |
Weekly changes | 0 | + 2,000 | - 2,000 | 0 | 0 | 0 | 0 |
Mortgage-backed securities3 | |||||||
Holdings | 0 | 0 | 0 | 956 | 9,812 | 1,747,740 | 1,758,508 |
Weekly changes | 0 | 0 | 0 | + 32 | + 699 | + 6,453 | + 7,184 |
Repurchase agreements4 | 0 | 0 | ... | ... | ... | ... | 0 |
Central bank liquidity swaps5 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Reverse repurchase agreements4 | 335,070 | 0 | ... | ... | ... | ... | 335,070 |
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 |
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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 |
3. Supplemental Information on Mortgage-Backed Securities
Millions of dollars
Account name | Wednesday |
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Jun 22, 2016 |
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Mortgage-backed securities held outright1 | 1,758,508 |
Commitments to buy mortgage-backed securities2 | 24,113 |
Commitments to sell mortgage-backed securities2 | 0 |
Cash and cash equivalents3 | 14 |
1. | Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the remaining principal balance of the securities. |
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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 |
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Jun 22, 2016 |
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Net portfolio holdings of Maiden Lane LLC1 | 1,713 |
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 March 31, 2016. Any assets purchased after this valuation date are initially recorded at cost until their estimated fair value as of the purchase date becomes available. |
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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 from consolidation | Wednesday | Change since |
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Wednesday | Wednesday |
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Jun 15, 2016 | Jun 24, 2015 |
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Assets | ||||
Gold certificate account | 11,037 | 0 | 0 |
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Special drawing rights certificate account | 5,200 | 0 | 0 |
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Coin | 1,863 | + 19 | - 4 |
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Securities, unamortized premiums and discounts, repurchase agreements, and loans | 4,411,592 | + 7,270 | - 13,182 |
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Securities held outright1 | 4,245,772 | + 7,319 | + 2,573 |
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U.S. Treasury securities | 2,462,168 | + 136 | + 1,257 |
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Bills2 | 0 | 0 | 0 |
|
Notes and bonds, nominal2 | 2,339,286 | 0 | - 7,356 |
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Notes and bonds, inflation-indexed2 | 105,939 | 0 | + 7,405 |
|
Inflation compensation3 | 16,942 | + 135 | + 1,207 |
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Federal agency debt securities2 | 25,096 | 0 | - 10,799 |
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Mortgage-backed securities4 | 1,758,508 | + 7,184 | + 12,115 |
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Unamortized premiums on securities held outright5 | 181,634 | - 105 | - 17,284 |
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Unamortized discounts on securities held outright5 | -15,958 | + 33 | + 1,592 |
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Repurchase agreements6 | 0 | 0 | 0 |
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Loans | 144 | + 23 | - 63 |
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Net portfolio holdings of Maiden Lane LLC7 | 1,713 | 0 | + 17 |
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Items in process of collection | (0) | 171 | + 7 | + 99 |
Bank premises | 2,218 | + 1 | - 25 |
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Central bank liquidity swaps8 | 0 | - 6 | - 115 |
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Foreign currency denominated assets9 | 21,269 | + 162 | + 1,546 |
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Other assets10 | 26,946 | + 1,738 | - 1,382 |
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Total assets | (0) | 4,482,009 | + 9,192 | - 13,046 |
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 from consolidation | Wednesday | Change since |
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Wednesday | Wednesday |
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Jun 15, 2016 | Jun 24, 2015 |
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Liabilities | ||||
Federal Reserve notes, net of F.R. Bank holdings | 1,411,173 | - 111 | + 90,698 |
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Reverse repurchase agreements11 | 335,070 | + 63,701 | + 45,654 |
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Deposits | (0) | 2,688,193 | - 54,862 | - 131,173 |
Term deposits held by depository institutions | 0 | 0 | 0 |
|
Other deposits held by depository institutions | 2,318,595 | - 86,306 | - 174,934 |
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U.S. Treasury, General Account | 331,412 | + 25,889 | + 90,650 |
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Foreign official | 5,196 | - 1 | - 47 |
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Other12 | (0) | 32,991 | + 5,557 | - 46,842 |
Deferred availability cash items | (0) | 293 | - 109 | - 132 |
Other liabilities and accrued dividends13 | 7,166 | + 569 | + 58 |
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Total liabilities | (0) | 4,441,895 | + 9,189 | + 5,104 |
Capital accounts | ||||
Capital paid in | 30,114 | + 3 | + 982 |
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Surplus | 10,000 | 0 | - 19,132 |
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Other capital accounts | 0 | 0 | 0 |
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Total capital | 40,114 | + 3 | - 18,150 |
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. |
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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 |
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. | Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to |
9. | Revalued daily at current foreign currency exchange rates. |
10. | Includes accrued interest, which represents the daily accumulation of interest earned, and other accounts receivable. |
11. | Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities. |
12. | Includes deposits held at the Reserve Banks by international and multilateral organizations, government-sponsored enterprises, and designated financial market utilities. Also includes certain deposit accounts other than the U.S. Treasury, General Account, for services provided by the Reserve Banks as fiscal agents of the United States. |
13. | Includes the liability for earnings remittances due to the U.S. Treasury. |
6. Statement of Condition of Each Federal Reserve Bank, June 22, 2016
Millions of dollars
Assets, liabilities, and capital | Total | Boston | New York | Philadelphia | Cleveland | Richmond | Atlanta | Chicago | St. Louis | Minneapolis | Kansas | Dallas | San |
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City | Francisco |
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Assets | |||||||||||||
Gold certificate account | 11,037 | 355 | 3,588 | 359 | 586 | 760 | 1,541 | 753 | 360 | 193 | 296 | 875 | 1,371 |
Special drawing rights certificate acct. | 5,200 | 196 | 1,818 | 210 | 237 | 412 | 654 | 424 | 150 | 90 | 153 | 282 | 574 |
Coin | 1,863 | 48 | 61 | 139 | 135 | 298 | 187 | 276 | 28 | 53 | 139 | 186 | 312 |
Securities, unamortized premiums and discounts, repurchase agreements, | 4,411,592 | 108,368 | 2,510,410 | 119,780 | 132,115 | 269,600 | 246,912 | 175,801 | 55,719 | 32,565 | 61,410 | 157,026 | 541,884 |
Securities held outright1 | 4,245,772 | 104,298 | 2,416,129 | 115,282 | 127,154 | 259,475 | 237,632 | 169,172 | 53,585 | 31,302 | 59,090 | 151,127 | 521,525 |
U.S. Treasury securities | 2,462,168 | 60,484 | 1,401,139 | 66,853 | 73,738 | 150,472 | 137,806 | 98,105 | 31,075 | 18,152 | 34,267 | 87,640 | 302,438 |
Bills2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Notes and bonds3 | 2,462,168 | 60,484 | 1,401,139 | 66,853 | 73,738 | 150,472 | 137,806 | 98,105 | 31,075 | 18,152 | 34,267 | 87,640 | 302,438 |
Federal agency debt securities2 | 25,096 | 616 | 14,281 | 681 | 752 | 1,534 | 1,405 | 1,000 | 317 | 185 | 349 | 893 | 3,083 |
Mortgage-backed securities4 | 1,758,508 | 43,198 | 1,000,709 | 47,747 | 52,664 | 107,469 | 98,422 | 70,068 | 22,194 | 12,965 | 24,474 | 62,594 | 216,004 |
Unamortized premiums on securities held outright5 | 181,634 | 4,462 | 103,362 | 4,932 | 5,440 | 11,100 | 10,166 | 7,237 | 2,292 | 1,339 | 2,528 | 6,465 | 22,311 |
Unamortized discounts on securities held outright5 | -15,958 | -392 | -9,081 | -433 | -478 | -975 | -893 | -636 | -201 | -118 | -222 | -568 | -1,960 |
Repurchase agreements6 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Loans | 144 | 0 | 0 | 0 | 0 | 0 | 7 | 27 | 43 | 42 | 14 | 2 | 9 |
Net portfolio holdings of Maiden | |||||||||||||
Lane LLC7 | 1,713 | 0 | 1,713 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Items in process of collection | 171 | 0 | 0 | 0 | 0 | 0 | 171 | 0 | 0 | 1 | 0 | 0 | 0 |
Bank premises | 2,218 | 121 | 429 | 74 | 106 | 208 | 209 | 202 | 116 | 90 | 241 | 225 | 197 |
Central bank liquidity swaps8 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Foreign currency denominated | |||||||||||||
assets9 | 21,269 | 940 | 7,019 | 1,170 | 1,620 | 4,743 | 1,181 | 570 | 218 | 91 | 212 | 270 | 3,235 |
Other assets10 | 26,946 | 694 | 14,781 | 732 | 806 | 1,805 | 1,510 | 1,079 | 547 | 221 | 419 | 1,040 | 3,311 |
Interdistrict settlement account | 0 | - 19,835 | + 33,877 | - 2,194 | - 10,901 | - 15,785 | + 3,377 | + 1,185 | - 299 | - 1,167 | - 2,632 | + 6,963 | + 7,412 |
Total assets | 4,482,009 | 90,888 | 2,573,695 | 120,271 | 124,704 | 262,041 | 255,742 | 180,290 | 56,838 | 32,137 | 60,239 | 166,867 | 558,298 |
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, June 22, 2016 (continued)
Millions of dollars
Assets, liabilities, and capital | Total | Boston | New York | Philadelphia | Cleveland | Richmond | Atlanta | Chicago | St. Louis | Minneapolis | Kansas | Dallas | San |
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City | Francisco |
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Liabilities | |||||||||||||
Federal Reserve notes outstanding | 1,587,942 | 49,787 | 509,403 | 49,526 | 81,529 | 110,247 | 222,171 | 106,611 | 50,592 | 27,372 | 40,439 | 132,753 | 207,512 |
Less: Notes held by F.R. Banks | 176,769 | 5,578 | 55,133 | 5,924 | 9,368 | 12,672 | 25,808 | 10,834 | 5,160 | 2,734 | 5,110 | 14,734 | 23,715 |
Federal Reserve notes, net | 1,411,173 | 44,209 | 454,269 | 43,602 | 72,161 | 97,575 | 196,363 | 95,777 | 45,432 | 24,638 | 35,329 | 118,019 | 183,797 |
Reverse repurchase agreements11 | 335,070 | 8,231 | 190,677 | 9,098 | 10,035 | 20,477 | 18,754 | 13,351 | 4,229 | 2,470 | 4,663 | 11,927 | 41,158 |
Deposits | 2,688,193 | 36,481 | 1,912,054 | 65,149 | 39,196 | 134,502 | 37,880 | 69,333 | 6,596 | 4,489 | 19,699 | 36,132 | 326,683 |
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 | 2,318,595 | 36,471 | 1,549,841 | 65,147 | 39,193 | 134,304 | 37,871 | 62,194 | 6,586 | 4,489 | 19,698 | 36,131 | 326,672 |
U.S. Treasury, General Account | 331,412 | 0 | 331,412 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Foreign official | 5,196 | 2 | 5,169 | 2 | 3 | 9 | 2 | 1 | 0 | 0 | 0 | 1 | 6 |
Other12 | 32,991 | 9 | 25,632 | 0 | 0 | 189 | 7 | 7,137 | 10 | 0 | 1 | 1 | 5 |
Deferred availability cash items | 293 | 0 | 0 | 0 | 0 | 0 | 73 | 0 | 0 | 220 | 0 | 0 | 0 |
Earnings remittances due to the U.S. Treasury13 | 2,063 | 58 | 1,125 | 59 | 67 | 138 | 127 | 80 | 30 | 15 | 33 | 76 | 255 |
Other liabilities and accrued | 5,102 | 162 | 2,418 | 201 | 206 | 537 | 326 | 261 | 132 | 134 | 122 | 204 | 398 |
Total liabilities | 4,441,895 | 89,141 | 2,560,543 | 118,109 | 121,666 | 253,230 | 253,523 | 178,802 | 56,420 | 31,966 | 59,847 | 166,358 | 552,291 |
Capital | |||||||||||||
Capital paid in | 30,114 | 1,305 | 9,853 | 1,612 | 2,276 | 6,581 | 1,664 | 1,220 | 315 | 128 | 292 | 382 | 4,486 |
Surplus | 10,000 | 442 | 3,299 | 550 | 762 | 2,230 | 555 | 268 | 103 | 43 | 100 | 127 | 1,521 |
Other capital | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Total liabilities and capital | 4,482,009 | 90,888 | 2,573,695 | 120,271 | 124,704 | 262,041 | 255,742 | 180,290 | 56,838 | 32,137 | 60,239 | 166,867 | 558,298 |
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, June 22, 2016 (continued)
1. | Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A. |
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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 |
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. | 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 |
9. | Revalued daily at current foreign currency exchange rates. |
10. | Includes accrued interest, which represents the daily accumulation of interest earned, and other accounts receivable. |
11. | Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities. |
12. | Includes deposits held at the Reserve Banks by international and multilateral organizations, government-sponsored enterprises, and designated financial market utilities. Also includes certain deposit accounts other than the U.S. Treasury, General Account, for services provided by the Reserve Banks as fiscal agents of the United States. |
13. | Represents the estimated weekly remittances due to U.S. Treasury. The amounts on this line represent the residual net earnings that the Federal Reserve Banks remit to the U.S. Treasury after providing for the costs of operations, payment of dividends, and the amount necessary to maintain a $10 billion surplus. |
Note on consolidation:
On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended a loan to Maiden Lane LLC (ML) under the authority of section 13(3) of the Federal Reserve Act. ML 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. FRBNY was the primary beneficiary of ML because it received any residual returns and could have absorbed any residual losses should they have occurred. Consistent with generally accepted accounting principles, the assets and liabilities of ML 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 extension of credit from FRBNY to ML was eliminated, the net assets of ML appeared as assets on the previous page (and in table 1 and table 5), and the liabilities of ML to entities other than FRBNY, including those with recourse only to the ML portfolio holdings, 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 |
---|---|
Jun 22, 2016 |
|
Federal Reserve notes outstanding | 1,587,942 |
Less: Notes held by F.R. Banks not subject to collateralization | 176,769 |
Federal Reserve notes to be collateralized | 1,411,173 |
Collateral held against Federal Reserve notes | 1,411,173 |
Gold certificate account | 11,037 |
Special drawing rights certificate account | 5,200 |
U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 | 1,394,936 |
Other assets pledged | 0 |
Memo: | |
Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 | 4,245,772 |
Less: Face value of securities under reverse repurchase agreements | 308,453 |
U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged | 3,937,319 |
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. |
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2. | Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A. |