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Release Date: January 10, 2019
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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 January 10, 2019
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 Jan 9, 2019
Federal Reserve Banks Jan 9, 2019 Jan 2, 2019 Jan 10, 2018
Reserve Bank credit 4,016,827 - 12,183 - 388,407 4,017,051
Securities held outright (1) 3,861,983 - 10,489 - 355,546 3,861,944
U.S. Treasury securities 2,222,450 - 10,490 - 225,759 2,222,412
Bills (2) 0 0 0 0
Notes and bonds, nominal (2) 2,083,586 - 10,406 - 234,818 2,083,586
Notes and bonds, inflation-indexed (2) 116,545 0 + 6,411 116,545
Inflation compensation (3) 22,319 - 84 + 2,648 22,281
Federal agency debt securities (2) 2,409 0 - 1,982 2,409
Mortgage-backed securities (4) 1,637,123 0 - 127,806 1,637,123
Unamortized premiums on securities held outright (5) 139,856 - 250 - 18,622 139,789
Unamortized discounts on securities held outright (5) -13,398 + 32 + 729 -13,387
Repurchase agreements (6) 0 0 0 0
Loans 7 - 57 - 27 7
Primary credit 7 - 7 - 23 7
Secondary credit 0 0 0 0
Seasonal credit 0 - 50 - 4 0
Other credit extensions 0 0 0 0
Net portfolio holdings of Maiden Lane LLC (7) 0 0 - 1,713 0
Float -197 + 406 + 19 -182
Central bank liquidity swaps (8) 675 - 3,532 - 11,392 86
Other Federal Reserve assets (9) 27,902 + 1,709 - 1,853 28,794
Foreign currency denominated assets (10) 21,068 + 121 - 308 21,159
Gold stock 11,041 0 0 11,041
Special drawing rights certificate account 5,200 0 0 5,200
Treasury currency outstanding (11) 49,887 + 14 + 491 49,887
Total factors supplying reserve funds 4,104,023 - 12,048 - 388,225 4,104,339
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 Jan 9, 2019
Federal Reserve Banks Jan 9, 2019 Jan 2, 2019 Jan 10, 2018
Currency in circulation (11) 1,715,564 - 3,587 + 100,979 1,711,945
Reverse repurchase agreements (12) 262,017 - 4,603 - 50,769 260,441
Foreign official and international accounts 258,601 + 8,540 + 9,527 257,904
Others 3,416 - 13,142 - 60,297 2,537
Treasury cash holdings 215 + 1 - 10 221
Deposits with F.R. Banks, other than reserve balances 432,458 - 30,718 + 147,655 423,506
Term deposits held by depository institutions 0 0 0 0
U.S. Treasury, General Account 356,698 - 23,204 + 150,483 349,443
Foreign official 5,264 + 20 + 9 5,245
Other (13) 70,495 - 7,536 - 2,837 68,819
Other liabilities and capital (14) 43,383 - 1,672 - 3,569 44,040
Total factors, other than reserve balances,
absorbing reserve funds 2,453,636 - 40,579 + 194,285 2,440,153
Reserve balances with Federal Reserve Banks 1,650,387 + 28,531 - 582,510 1,664,186
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 securities, Federal agency debt
securities, and mortgage-backed securities, amortization is on an effective-interest basis.
6. Cash value of agreements.
7. Refer to the note on consolidation accompanying table 5.
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 equals the
market exchange rate used when the foreign currency was acquired from the foreign central bank.
9. 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.
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, designated financial market utilities, and deposits held by depository
institutions in joint accounts in connection with their participation in certain private-sector payment
arrangements. 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
Week ended Change from week ended Jan 9, 2019
Jan 9, 2019 Jan 2, 2019 Jan 10, 2018
Securities held in custody for foreign official and
international accounts 3,395,644 + 6,663 + 44,079 3,401,421
Marketable U.S. Treasury securities (1) 3,022,329 + 6,549 + 11,123 3,027,513
Federal agency debt and mortgage-backed securities (2) 307,151 + 25 + 45,181 307,248
Other securities (3) 66,165 + 90 - 12,225 66,659
Securities lent to dealers 24,475 - 30 + 1,824 23,059
Overnight facility (4) 24,475 - 30 + 1,824 23,059
U.S. Treasury securities 24,475 - 30 + 1,824 23,059
Federal agency debt securities 0 0 0 0
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, 4, and 5.
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, January 9, 2019
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 7 0 0 0 0 ... 7
U.S. Treasury securities (1)
Holdings 2,090 92,622 290,222 958,045 260,849 618,585 2,222,412
Weekly changes - 1 0 0 - 16 - 38 - 49 - 105
Federal agency debt securities (2)
Holdings 0 62 0 0 0 2,347 2,409
Weekly changes 0 0 0 0 0 0 0
Mortgage-backed securities (3)
Holdings 0 0 4 218 65,626 1,571,275 1,637,123
Weekly changes 0 0 0 0 + 2,925 - 2,924 0
Repurchase agreements (4) 0 0 ... ... ... ... 0
Central bank liquidity swaps (5) 86 0 0 0 0 0 86
Reverse repurchase agreements (4) 260,441 0 ... ... ... ... 260,441
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
Jan 9, 2019
Mortgage-backed securities held outright (1) 1,637,123
Commitments to buy mortgage-backed securities (2) 397
Commitments to sell mortgage-backed securities (2) 0
Cash and cash equivalents (3) 0
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 4
and table 5.
4. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of dollars
Assets, liabilities, and capital Eliminations Wednesday Change since
from Jan 9, 2019 Wednesday Wednesday
consolidation Jan 2, 2019 Jan 10, 2018
Assets
Gold certificate account 11,037 0 0
Special drawing rights certificate account 5,200 0 0
Coin 1,745 + 23 - 157
Securities, unamortized premiums and discounts,
repurchase agreements, and loans 3,988,353 - 292 - 373,571
Securities held outright (1) 3,861,944 - 105 - 355,586
U.S. Treasury securities 2,222,412 - 105 - 225,797
Bills (2) 0 0 0
Notes and bonds, nominal (2) 2,083,586 0 - 234,818
Notes and bonds, inflation-indexed (2) 116,545 0 + 6,411
Inflation compensation (3) 22,281 - 105 + 2,610
Federal agency debt securities (2) 2,409 0 - 1,982
Mortgage-backed securities (4) 1,637,123 0 - 127,807
Unamortized premiums on securities held outright
(5) 139,789 - 219 - 18,612
Unamortized discounts on securities held outright
(5) -13,387 + 31 + 729
Repurchase agreements (6) 0 0 0
Loans 7 + 1 - 102
Net portfolio holdings of Maiden Lane LLC (7) 0 0 - 1,715
Items in process of collection (0) 189 - 20 + 104
Bank premises 2,202 0 - 2
Central bank liquidity swaps (8) 86 - 4,121 - 11,981
Foreign currency denominated assets (9) 21,159 + 160 - 262
Other assets (10) 26,592 + 2,434 - 1,915
Total assets (0) 4,056,563 - 1,815 - 389,499
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.
4. Consolidated Statement of Condition of All Federal Reserve Banks (continued)
Millions of dollars
Assets, liabilities, and capital Eliminations Wednesday Change since
from Jan 9, 2019 Wednesday Wednesday
consolidation Jan 2, 2019 Jan 10, 2018
Liabilities
Federal Reserve notes, net of F.R. Bank holdings 1,664,020 - 8,089 + 98,643
Reverse repurchase agreements (11) 260,441 - 15,953 - 37,849
Deposits (0) 2,087,693 + 21,776 - 447,098
Term deposits held by depository institutions 0 0 0
Other deposits held by depository institutions 1,664,186 + 56,850 - 593,708
U.S. Treasury, General Account 349,443 - 33,173 + 150,870
Foreign official 5,245 + 1 - 8
Other (12) (0) 68,819 - 1,901 - 4,253
Deferred availability cash items (0) 370 + 21 - 4
Other liabilities and accrued dividends (13) 4,907 + 430 - 937
Total liabilities (0) 4,017,430 - 1,815 - 387,247
Capital accounts
Capital paid in 32,308 0 + 923
Surplus 6,825 0 - 3,175
Other capital accounts 0 0 0
Total capital 39,133 0 - 2,252
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 securities, Federal agency debt
securities, and 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 the note on consolidation accompanying table 5.
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 equals the
market exchange rate used when the foreign currency was acquired from the foreign central bank.
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, designated financial market utilities, and deposits held by depository
institutions in joint accounts in connection with their participation in certain private-sector payment
arrangements. 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.
5. Statement of Condition of Each Federal Reserve Bank, January 9, 2019
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 11,037 364 3,626 350 544 773 1,491 739 334 199 307 905 1,405
Special drawing rights certificate acct. 5,200 196 1,818 210 237 412 654 424 150 90 153 282 574
Coin 1,745 42 40 152 125 235 187 288 27 46 111 199 292
Securities, unamortized premiums and
discounts, repurchase agreements,
and loans 3,988,353 76,173 2,201,877 100,697 113,071 236,015 239,407 213,612 53,098 33,283 62,786 164,917 493,416
Securities held outright (1) 3,861,944 73,759 2,132,093 97,506 109,487 228,535 231,820 206,837 51,415 32,228 60,796 159,691 477,777
U.S. Treasury securities 2,222,412 42,446 1,226,944 56,111 63,006 131,514 133,404 119,028 29,588 18,546 34,986 91,896 274,944
Bills (2) 0 0 0 0 0 0 0 0 0 0 0 0 0
Notes and bonds (3) 2,222,412 42,446 1,226,944 56,111 63,006 131,514 133,404 119,028 29,588 18,546 34,986 91,896 274,944
Federal agency debt securities (2) 2,409 46 1,330 61 68 143 145 129 32 20 38 100 298
Mortgage-backed securities (4) 1,637,123 31,267 903,819 41,334 46,413 96,879 98,271 87,681 21,796 13,662 25,772 67,695 202,535
Unamortized premiums on securities held
outright (5) 139,789 2,670 77,174 3,529 3,963 8,272 8,391 7,487 1,861 1,167 2,201 5,780 17,294
Unamortized discounts on securities
held outright (5) -13,387 -256 -7,391 -338 -380 -792 -804 -717 -178 -112 -211 -554 -1,656
Repurchase agreements (6) 0 0 0 0 0 0 0 0 0 0 0 0 0
Loans 7 0 1 0 0 0 0 5 0 0 0 0 1
Net portfolio holdings of Maiden
Lane LLC (7) 0 0 0 0 0 0 0 0 0 0 0 0 0
Items in process of collection 189 0 0 0 0 0 188 0 0 0 0 0 0
Bank premises 2,202 110 455 81 118 195 206 193 106 95 232 220 192
Central bank liquidity swaps (8) 86 4 27 5 7 19 5 4 1 0 1 1 13
Foreign currency denominated
assets (9) 21,159 900 6,672 1,202 1,708 4,571 1,223 897 305 97 210 262 3,114
Other assets (10) 26,592 537 14,216 665 769 1,804 1,598 1,399 433 284 482 1,151 3,255
Interdistrict settlement account 0 + 5,373 - 101,293 + 395 + 3,040 + 18,590 + 39,699 + 325 + 9,666 + 3,196 - 698 + 11,051 + 10,658
Total assets 4,056,563 83,699 2,127,439 103,757 119,619 262,613 284,658 217,880 64,120 37,290 63,583 178,988 512,918
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.
5. Statement of Condition of Each Federal Reserve Bank, January 9, 2019 (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 1,861,737 57,943 616,223 54,923 89,024 126,119 261,463 121,930 56,039 31,523 49,944 150,703 245,902
Less: Notes held by F.R. Banks 197,717 6,192 54,451 6,731 8,877 13,840 29,626 14,373 5,393 2,747 6,026 18,021 31,438
Federal Reserve notes, net 1,664,020 51,750 561,772 48,192 80,147 112,279 231,837 107,558 50,646 28,776 43,918 132,682 214,464
Reverse repurchase agreements (11) 260,441 4,974 143,783 6,576 7,384 15,412 15,633 13,949 3,467 2,173 4,100 10,769 32,220
Deposits 2,087,693 25,110 1,407,632 46,528 28,730 125,994 34,339 94,397 9,261 5,826 15,048 34,802 260,026
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 1,664,186 25,092 1,031,097 46,525 28,704 125,476 34,303 48,202 9,254 5,773 15,015 34,726 260,019
U.S. Treasury, General Account 349,443 0 349,443 0 0 0 0 0 0 0 0 0 0
Foreign official 5,245 2 5,217 2 3 9 2 2 1 0 0 0 6
Other (12) 68,819 16 21,875 1 23 509 34 46,193 6 53 33 75 1
Deferred availability cash items 370 0 0 0 0 0 189 0 0 181 0 0 0
Earnings remittances due to the U.S.
Treasury (13) 1,224 23 628 32 52 72 102 58 21 10 21 60 144
Other liabilities and accrued
dividends 3,683 159 1,211 174 174 487 284 280 133 138 129 202 311
Total liabilities 4,017,430 82,016 2,115,027 101,501 116,486 254,243 282,383 216,241 63,528 37,105 63,216 178,516 507,166
Capital
Capital paid in 32,308 1,393 10,260 1,868 2,581 6,895 1,881 1,350 493 154 299 388 4,747
Surplus 6,825 290 2,151 388 551 1,474 394 289 98 31 68 84 1,005
Other capital 0 0 0 0 0 0 0 0 0 0 0 0 0
Total liabilities and capital 4,056,563 83,699 2,127,439 103,757 119,619 262,613 284,658 217,880 64,120 37,290 63,583 178,988 512,918
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.
5. Statement of Condition of Each Federal Reserve Bank, January 9, 2019 (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 securities, Federal agency
debt securities, and 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 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 equals
the market exchange rate used when the foreign currency was acquired from the foreign central bank.
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, designated financial market utilities, and deposits held by
depository institutions in joint accounts in connection with their participation in certain private-sector payment arrangements. 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 $6.825 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 and to manage those assets through time to maximize repayment of the credit extended and minimize disruption to financial markets. 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 4), 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 4).
6. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts
Millions of dollars
Federal Reserve notes and collateral Wednesday
Jan 9, 2019
Federal Reserve notes outstanding 1,861,737
Less: Notes held by F.R. Banks not subject to collateralization 197,717
Federal Reserve notes to be collateralized 1,664,020
Collateral held against Federal Reserve notes 1,664,020
Gold certificate account 11,037
Special drawing rights certificate account 5,200
U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 1,647,783
Other assets pledged 0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 3,861,944
Less: Face value of securities under reverse repurchase agreements 256,155
U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,605,789
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.
Release dates | Data Download Program (DDP) |
About |
Announcements |
Technical Q&As
Current release Other formats:
Screen reader |
ASCII |
PDF
(21 KB)
Statistical releases