WASHINGTON (3/23/15)--The 2014 combined annual financial statement for the Federal Reserve Banks, as well as statements for the individual Fed banks, were released by the regulator Friday.
Information about the assets, liabilities and earnings of the banks, Maiden Lane LLC (a company created by the New York Fed) and the Fed board as of Dec. 31, 2014, are all available.
According to the report, the Fed banks' 2014 earnings were $99.7 billion. The banks provided for remittances to the U.S. Treasury of $96.9 billion and interest income on securities acquired through open market operations totaled $115.9 billion, an increase of $25.5 billion from the previous year.
Other highlights include:
In addition, asset holdings of Maiden Lane LLC totaled $1.8 billion on Dec. 31, 2014. Maiden Lane II LLC, Maiden Lane III LLC and TALF LLC, which were created to respond to strains in financial markets, were dissolved in 2014. All residual assets were distributed to the Federal Reserve Bank of New York and to other beneficial interest holders.