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Release Date: April 04, 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 April 4, 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 Apr 3, 2019
Federal Reserve Banks Apr 3, 2019 Mar 27, 2019 Apr 4, 2018
Reserve Bank credit 3,908,872 - 12,447 - 442,941 3,896,410
Securities held outright (1) 3,761,121 - 13,476 - 417,466 3,748,378
U.S. Treasury securities 2,166,052 - 9,523 - 253,776 2,153,308
Bills (2) 0 0 0 0
Notes and bonds, nominal (2) 2,029,420 - 9,591 - 259,322 2,016,632
Notes and bonds, inflation-indexed (2) 115,154 0 + 3,934 115,154
Inflation compensation (3) 21,478 + 68 + 1,612 21,523
Federal agency debt securities (2) 2,347 - 53 - 2,044 2,347
Mortgage-backed securities (4) 1,592,723 - 3,900 - 161,645 1,592,723
Unamortized premiums on securities held outright (5) 135,554 - 350 - 18,839 135,468
Unamortized discounts on securities held outright (5) -13,104 + 30 + 906 -13,093
Repurchase agreements (6) 0 0 0 0
Loans 58 + 43 + 29 11
Primary credit 51 + 43 + 41 3
Secondary credit 0 0 0 0
Seasonal credit 7 0 - 12 8
Other credit extensions 0 0 0 0
Net portfolio holdings of Maiden Lane LLC (7) 0 0 - 1,708 0
Float -579 - 403 - 47 -490
Central bank liquidity swaps (8) 1,365 + 1,299 - 3,646 1,365
Other Federal Reserve assets (9) 24,456 + 410 - 2,170 24,771
Foreign currency denominated assets (10) 20,643 - 122 - 1,626 20,606
Gold stock 11,041 0 0 11,041
Special drawing rights certificate account 5,200 0 0 5,200
Treasury currency outstanding (11) 49,909 + 14 + 392 49,909
Total factors supplying reserve funds 3,995,666 - 12,555 - 444,174 3,983,167
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 Apr 3, 2019
Federal Reserve Banks Apr 3, 2019 Mar 27, 2019 Apr 4, 2018
Currency in circulation (11) 1,724,790 + 2,962 + 87,071 1,727,490
Reverse repurchase agreements (12) 250,307 + 8,454 - 19,756 249,365
Foreign official and international accounts 249,914 + 10,393 + 938 249,349
Others 393 - 1,938 - 20,694 16
Treasury cash holdings 336 + 2 + 17 336
Deposits with F.R. Banks, other than reserve balances 375,454 - 1,023 - 17,600 330,868
Term deposits held by depository institutions 0 0 0 0
U.S. Treasury, General Account 310,188 - 680 + 6,272 270,470
Foreign official 5,243 0 - 12 5,243
Other (13) 60,024 - 342 - 23,859 55,155
Other liabilities and capital (14) 44,380 - 1,067 - 259 44,120
Total factors, other than reserve balances,
absorbing reserve funds 2,395,268 + 9,329 + 49,473 2,352,180
Reserve balances with Federal Reserve Banks 1,600,398 - 21,884 - 493,647 1,630,987
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 Apr 3, 2019
Apr 3, 2019 Mar 27, 2019 Apr 4, 2018
Securities held in custody for foreign official and
international accounts 3,459,775 - 10,322 + 21,938 3,463,341
Marketable U.S. Treasury securities (1) 3,062,186 - 9,735 - 21,954 3,067,283
Federal agency debt and mortgage-backed securities (2) 325,719 - 206 + 51,614 325,721
Other securities (3) 71,870 - 381 - 7,722 70,337
Securities lent to dealers 28,951 + 4,413 + 2,033 26,193
Overnight facility (4) 28,951 + 4,413 + 2,033 26,193
U.S. Treasury securities 28,951 + 4,413 + 2,033 26,193
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, April 3, 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 3 8 0 0 0 ... 11
U.S. Treasury securities (1)
Holdings 180 111,741 265,650 908,908 249,157 617,673 2,153,308
Weekly changes - 22,199 + 21,283 - 4,878 - 13,180 - 3,356 + 43 - 22,288
Federal agency debt securities (2)
Holdings 0 0 0 0 0 2,347 2,347
Weekly changes 0 0 0 0 0 0 0
Mortgage-backed securities (3)
Holdings 0 0 10 262 72,647 1,519,804 1,592,723
Weekly changes 0 0 + 3 + 62 - 65 + 1 0
Repurchase agreements (4) 0 0 ... ... ... ... 0
Central bank liquidity swaps (5) 1,365 0 0 0 0 0 1,365
Reverse repurchase agreements (4) 249,365 0 ... ... ... ... 249,365
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
Apr 3, 2019
Mortgage-backed securities held outright (1) 1,592,723
Commitments to buy mortgage-backed securities (2) 387
Commitments to sell mortgage-backed securities (2) 20
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 Apr 3, 2019 Wednesday Wednesday
consolidation Mar 27, 2019 Apr 4, 2018
Assets
Gold certificate account 11,037 0 0
Special drawing rights certificate account 5,200 0 0
Coin 1,719 - 10 - 103
Securities, unamortized premiums and discounts,
repurchase agreements, and loans 3,870,764 - 22,511 - 441,291
Securities held outright (1) 3,748,378 - 22,288 - 423,412
U.S. Treasury securities 2,153,308 - 22,288 - 259,723
Bills (2) 0 0 0
Notes and bonds, nominal (2) 2,016,632 - 22,379 - 265,253
Notes and bonds, inflation-indexed (2) 115,154 0 + 3,934
Inflation compensation (3) 21,523 + 92 + 1,597
Federal agency debt securities (2) 2,347 0 - 2,044
Mortgage-backed securities (4) 1,592,723 0 - 161,645
Unamortized premiums on securities held outright
(5) 135,468 - 237 - 18,811
Unamortized discounts on securities held outright
(5) -13,093 + 29 + 945
Repurchase agreements (6) 0 0 0
Loans 11 - 16 - 13
Net portfolio holdings of Maiden Lane LLC (7) 0 0 - 1,708
Items in process of collection (0) 46 - 12 - 29
Bank premises 2,199 - 8 + 1
Central bank liquidity swaps (8) 1,365 + 1,299 - 3,646
Foreign currency denominated assets (9) 20,606 - 94 - 1,560
Other assets (10) 22,572 + 1,225 - 2,259
Total assets (0) 3,935,509 - 20,108 - 450,595
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 Apr 3, 2019 Wednesday Wednesday
consolidation Mar 27, 2019 Apr 4, 2018
Liabilities
Federal Reserve notes, net of F.R. Bank holdings 1,679,632 + 3,713 + 86,463
Reverse repurchase agreements (11) 249,365 + 7,765 - 15,892
Deposits (0) 1,961,855 - 30,611 - 521,167
Term deposits held by depository institutions 0 0 0
Other deposits held by depository institutions 1,630,987 - 1,801 - 467,744
U.S. Treasury, General Account 270,470 - 25,123 - 30,134
Foreign official 5,243 0 - 11
Other (12) (0) 55,155 - 3,687 - 23,279
Deferred availability cash items (0) 537 + 128 + 84
Other liabilities and accrued dividends (13) 4,782 - 1,097 - 224
Total liabilities (0) 3,896,170 - 20,102 - 450,738
Capital accounts
Capital paid in 32,514 - 6 + 818
Surplus 6,825 0 - 675
Other capital accounts 0 0 0
Total capital 39,339 - 6 + 143
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, April 3, 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 1,719 46 44 152 112 224 178 289 28 48 111 193 293
Securities, unamortized premiums and
discounts, repurchase agreements,
and loans 3,870,764 73,927 2,136,956 97,728 109,737 229,056 232,352 207,317 51,533 32,302 60,935 160,055 478,867
Securities held outright (1) 3,748,378 71,590 2,069,395 94,639 106,268 221,815 225,003 200,755 49,903 31,280 59,008 154,995 463,727
U.S. Treasury securities 2,153,308 41,126 1,188,793 54,367 61,047 127,424 129,256 115,327 28,668 17,969 33,898 89,039 266,395
Bills (2) 0 0 0 0 0 0 0 0 0 0 0 0 0
Notes and bonds (3) 2,153,308 41,126 1,188,793 54,367 61,047 127,424 129,256 115,327 28,668 17,969 33,898 89,039 266,395
Federal agency debt securities (2) 2,347 45 1,296 59 67 139 141 126 31 20 37 97 290
Mortgage-backed securities (4) 1,592,723 30,419 879,306 40,213 45,154 94,251 95,606 85,303 21,204 13,291 25,073 65,859 197,042
Unamortized premiums on securities held
outright (5) 135,468 2,587 74,789 3,420 3,841 8,016 8,132 7,255 1,804 1,130 2,133 5,602 16,759
Unamortized discounts on securities
held outright (5) -13,093 -250 -7,229 -331 -371 -775 -786 -701 -174 -109 -206 -541 -1,620
Repurchase agreements (6) 0 0 0 0 0 0 0 0 0 0 0 0 0
Loans 11 0 0 0 0 0 3 8 0 0 0 0 0
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 46 0 0 0 0 0 46 0 0 0 0 0 0
Bank premises 2,199 108 458 80 118 193 208 191 105 95 230 221 191
Central bank liquidity swaps (8) 1,365 59 433 79 109 291 79 57 21 6 13 17 200
Foreign currency denominated
assets (9) 20,606 887 6,541 1,190 1,645 4,393 1,198 860 314 98 199 255 3,025
Other assets (10) 22,572 457 12,006 569 654 1,567 1,359 1,186 376 251 424 954 2,769
Interdistrict settlement account 0 + 14,060 - 205,446 + 3,362 + 11,600 + 12,141 + 56,035 + 3,544 + 11,750 + 5,570 + 2,799 + 34,440 + 50,144
Total assets 3,935,509 90,105 1,956,436 103,721 124,756 249,051 293,600 214,608 64,611 38,660 65,171 197,323 537,468
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, April 3, 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 1,870,351 57,304 619,246 54,348 89,454 126,028 260,047 120,806 55,522 31,157 49,423 156,162 250,854
Less: Notes held by F.R. Banks 190,719 5,876 50,441 7,473 9,407 13,984 30,482 12,940 4,999 2,986 6,571 17,753 27,807
Federal Reserve notes, net 1,679,632 51,428 568,806 46,874 80,047 112,044 229,564 107,866 50,523 28,171 42,852 138,409 223,047
Reverse repurchase agreements (11) 249,365 4,763 137,669 6,296 7,070 14,756 14,969 13,355 3,320 2,081 3,926 10,311 30,850
Deposits 1,961,855 32,057 1,235,477 48,103 34,312 113,381 46,385 91,442 9,998 7,588 17,856 47,859 277,398
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 1,630,987 32,047 941,351 48,100 34,282 112,939 46,349 55,440 9,990 7,533 17,842 47,722 277,392
U.S. Treasury, General Account 270,470 0 270,470 0 0 0 0 0 0 0 0 0 0
Foreign official 5,243 2 5,216 2 3 9 2 2 1 0 0 0 6
Other (12) 55,155 8 18,440 1 26 433 33 36,001 7 54 14 137 0
Deferred availability cash items 537 0 0 0 0 0 56 0 0 481 0 0 0
Earnings remittances due to the U.S.
Treasury (13) 773 7 485 3 9 -1 74 44 23 9 16 52 53
Other liabilities and accrued
dividends 4,008 162 1,511 181 186 489 276 260 131 144 130 205 332
Total liabilities 3,896,170 88,417 1,943,947 101,458 121,623 240,670 291,323 212,968 63,995 38,473 64,780 196,835 531,680
Capital
Capital paid in 32,514 1,394 10,323 1,869 2,587 6,925 1,880 1,355 512 154 325 403 4,787
Surplus 6,825 294 2,166 394 545 1,455 397 285 104 32 66 84 1,002
Other capital 0 0 0 0 0 0 0 0 0 0 0 0 0
Total liabilities and capital 3,935,509 90,105 1,956,436 103,721 124,756 249,051 293,600 214,608 64,611 38,660 65,171 197,323 537,468
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, April 3, 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
Apr 3, 2019
Federal Reserve notes outstanding 1,870,351
Less: Notes held by F.R. Banks not subject to collateralization 190,719
Federal Reserve notes to be collateralized 1,679,632
Collateral held against Federal Reserve notes 1,679,632
Gold certificate account 11,037
Special drawing rights certificate account 5,200
U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 1,663,395
Other assets pledged 0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 3,748,378
Less: Face value of securities under reverse repurchase agreements 247,458
U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,500,920
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:
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ASCII |
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(21 KB)
Statistical releases