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Release Date: May 09, 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 May 9, 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 May 8, 2019
Federal Reserve Banks May 8, 2019 May 1, 2019 May 9, 2018
Reserve Bank credit 3,852,423 - 19,343 - 465,114 3,853,394
Securities held outright (1) 3,701,845 - 21,142 - 443,021 3,701,909
U.S. Treasury securities 2,124,065 - 21,142 - 271,438 2,124,129
Bills (2) 100 0 + 100 100
Notes and bonds, nominal (2) 1,986,425 - 21,464 - 275,647 1,986,425
Notes and bonds, inflation-indexed (2) 115,361 + 155 + 2,412 115,361
Inflation compensation (3) 22,178 + 165 + 1,696 22,242
Federal agency debt securities (2) 2,347 0 - 2,044 2,347
Mortgage-backed securities (4) 1,575,433 0 - 169,539 1,575,433
Unamortized premiums on securities held outright (5) 133,903 - 214 - 18,713 133,856
Unamortized discounts on securities held outright (5) -12,953 + 27 + 964 -12,943
Repurchase agreements (6) 9 + 9 0 65
Loans 44 + 20 - 34 66
Primary credit 6 + 3 - 12 30
Secondary credit 0 0 0 0
Seasonal credit 37 + 16 - 23 36
Other credit extensions 0 0 0 0
Net portfolio holdings of Maiden Lane LLC (7) 0 0 - 1,715 0
Float -142 + 307 + 27 -131
Central bank liquidity swaps (8) 55 0 - 25 55
Other Federal Reserve assets (9) 29,662 + 1,651 - 2,597 30,517
Foreign currency denominated assets (10) 20,591 + 61 - 956 20,667
Gold stock 11,041 0 0 11,041
Special drawing rights certificate account 5,200 0 0 5,200
Treasury currency outstanding (11) 49,935 + 14 + 382 49,935
Total factors supplying reserve funds 3,939,191 - 19,268 - 465,687 3,940,238
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 May 8, 2019
Federal Reserve Banks May 8, 2019 May 1, 2019 May 9, 2018
Currency in circulation (11) 1,731,422 + 2,966 + 84,727 1,733,109
Reverse repurchase agreements (12) 264,168 + 951 + 10,665 260,970
Foreign official and international accounts 264,011 + 1,367 + 15,062 260,949
Others 157 - 416 - 4,397 21
Treasury cash holdings 329 - 2 + 49 321
Deposits with F.R. Banks, other than reserve balances 412,542 - 47,841 - 20,360 409,597
Term deposits held by depository institutions 0 0 0 0
U.S. Treasury, General Account 348,357 - 52,141 - 5,384 344,461
Foreign official 5,244 0 - 11 5,245
Other (13) 58,941 + 4,300 - 14,965 59,891
Other liabilities and capital (14) 45,754 + 1,101 + 7 45,562
Total factors, other than reserve balances,
absorbing reserve funds 2,454,216 - 42,824 + 75,089 2,449,558
Reserve balances with Federal Reserve Banks 1,484,975 + 23,556 - 540,775 1,490,680
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 May 8, 2019
May 8, 2019 May 1, 2019 May 9, 2018
Securities held in custody for foreign official and
international accounts 3,461,554 + 331 + 64,947 3,469,289
Marketable U.S. Treasury securities (1) 3,056,295 - 670 + 12,103 3,063,457
Federal agency debt and mortgage-backed securities (2) 332,142 + 188 + 56,542 332,148
Other securities (3) 73,117 + 813 - 3,698 73,685
Securities lent to dealers 23,675 + 358 + 4,802 21,995
Overnight facility (4) 23,675 + 358 + 4,802 21,995
U.S. Treasury securities 23,675 + 358 + 4,802 21,995
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, May 8, 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 32 34 0 0 0 ... 66
U.S. Treasury securities (1)
Holdings 38,475 63,116 255,978 902,527 258,739 605,292 2,124,129
Weekly changes 0 + 19,308 - 19,307 + 25 + 80 + 67 + 175
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 10 308 73,751 1,501,365 1,575,433
Weekly changes 0 0 + 1 + 57 + 1,084 - 1,141 0
Repurchase agreements (4) 65 0 ... ... ... ... 65
Central bank liquidity swaps (5) 55 0 0 0 0 0 55
Reverse repurchase agreements (4) 260,970 0 ... ... ... ... 260,970
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
May 8, 2019
Mortgage-backed securities held outright (1) 1,575,433
Commitments to buy mortgage-backed securities (2) 316
Commitments to sell mortgage-backed securities (2) 5
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 May 8, 2019 Wednesday Wednesday
consolidation May 1, 2019 May 9, 2018
Assets
Gold certificate account 11,037 0 0
Special drawing rights certificate account 5,200 0 0
Coin 1,671 + 1 - 144
Securities, unamortized premiums and discounts,
repurchase agreements, and loans 3,822,953 + 124 - 460,699
Securities held outright (1) 3,701,909 + 175 - 442,982
U.S. Treasury securities 2,124,129 + 175 - 271,399
Bills (2) 100 0 + 100
Notes and bonds, nominal (2) 1,986,425 0 - 275,647
Notes and bonds, inflation-indexed (2) 115,361 0 + 2,412
Inflation compensation (3) 22,242 + 175 + 1,735
Federal agency debt securities (2) 2,347 0 - 2,044
Mortgage-backed securities (4) 1,575,433 0 - 169,539
Unamortized premiums on securities held outright
(5) 133,856 - 176 - 18,688
Unamortized discounts on securities held outright
(5) -12,943 + 28 + 964
Repurchase agreements (6) 65 + 65 + 1
Loans 66 + 32 + 6
Net portfolio holdings of Maiden Lane LLC (7) 0 0 - 1,715
Items in process of collection (0) 115 + 44 + 38
Bank premises 2,194 0 0
Central bank liquidity swaps (8) 55 0 - 25
Foreign currency denominated assets (9) 20,667 + 24 - 767
Other assets (10) 28,322 + 2,329 - 2,680
Total assets (0) 3,892,216 + 2,525 - 465,991
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 May 8, 2019 Wednesday Wednesday
consolidation May 1, 2019 May 9, 2018
Liabilities
Federal Reserve notes, net of F.R. Bank holdings 1,685,161 + 2,347 + 83,551
Reverse repurchase agreements (11) 260,970 - 8,849 + 13,490
Deposits (0) 1,900,276 + 8,259 - 563,231
Term deposits held by depository institutions 0 0 0
Other deposits held by depository institutions 1,490,680 + 30,670 - 556,096
U.S. Treasury, General Account 344,461 - 24,303 + 6,084
Foreign official 5,245 0 - 9
Other (12) (0) 59,891 + 1,893 - 13,209
Deferred availability cash items (0) 247 - 300 - 7
Other liabilities and accrued dividends (13) 6,134 + 940 + 54
Total liabilities (0) 3,852,788 + 2,397 - 466,142
Capital accounts
Capital paid in 32,602 + 127 + 825
Surplus 6,825 0 - 675
Other capital accounts 0 0 0
Total capital 39,427 + 127 + 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.
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, May 8, 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 11,037 351 3,707 327 531 754 1,560 711 328 186 292 890 1,400
Special drawing rights certificate acct. 5,200 196 1,818 210 237 412 654 424 150 90 153 282 574
Coin 1,671 45 36 144 112 221 177 289 28 48 108 186 278
Securities, unamortized premiums and
discounts, repurchase agreements,
and loans 3,822,953 79,310 2,085,655 92,577 111,848 233,947 261,394 200,681 54,963 33,102 56,687 165,996 446,791
Securities held outright (1) 3,701,909 76,800 2,019,653 89,648 108,308 226,544 253,111 194,318 53,206 32,033 54,893 160,741 432,652
U.S. Treasury securities 2,124,129 44,068 1,158,863 51,439 62,147 129,989 145,233 111,498 30,529 18,381 31,497 92,232 248,253
Bills (2) 100 2 55 2 3 6 7 5 1 1 1 4 12
Notes and bonds (3) 2,124,029 44,065 1,158,808 51,437 62,144 129,983 145,226 111,493 30,528 18,380 31,496 92,228 248,241
Federal agency debt securities (2) 2,347 49 1,280 57 69 144 160 123 34 20 35 102 274
Mortgage-backed securities (4) 1,575,433 32,684 859,510 38,152 46,093 96,411 107,717 82,697 22,643 13,633 23,361 68,407 184,125
Unamortized premiums on securities held
outright (5) 133,856 2,777 73,028 3,242 3,916 8,191 9,152 7,026 1,924 1,158 1,985 5,812 15,644
Unamortized discounts on securities
held outright (5) -12,943 -269 -7,061 -313 -379 -792 -885 -679 -186 -112 -192 -562 -1,513
Repurchase agreements (6) 65 1 35 2 2 4 4 3 1 1 1 3 8
Loans 66 0 0 0 0 0 12 12 18 22 0 2 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 115 0 0 0 0 0 115 0 0 0 0 0 0
Bank premises 2,194 107 457 80 119 193 207 191 105 95 229 220 191
Central bank liquidity swaps (8) 55 2 17 3 4 12 3 2 1 0 1 1 8
Foreign currency denominated
assets (9) 20,667 890 6,560 1,194 1,650 4,406 1,202 863 315 98 200 256 3,034
Other assets (10) 28,322 613 14,988 684 842 1,947 1,927 1,461 500 316 500 1,257 3,287
Interdistrict settlement account 0 - 821 - 101,665 - 451 + 2,581 - 982 + 22,350 + 3,919 + 5,784 + 2,961 + 2,331 + 20,840 + 43,152
Total assets 3,892,216 80,693 2,011,574 94,768 117,924 240,910 289,589 208,542 62,173 36,896 60,501 189,928 498,716
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, May 8, 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 1,879,301 57,622 620,540 54,533 89,639 127,463 258,973 121,090 55,880 31,324 50,280 158,022 253,935
Less: Notes held by F.R. Banks 194,140 6,226 48,850 8,180 9,606 14,474 29,999 12,805 5,980 3,065 7,728 18,445 28,783
Federal Reserve notes, net 1,685,161 51,396 571,690 46,354 80,033 112,990 228,974 108,285 49,900 28,259 42,552 139,577 225,152
Reverse repurchase agreements (11) 260,970 5,414 142,377 6,320 7,635 15,970 17,843 13,699 3,751 2,258 3,870 11,332 30,500
Deposits 1,900,276 21,898 1,282,298 39,600 26,794 102,960 39,973 84,626 7,747 5,911 13,522 38,242 236,706
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 1,490,680 21,888 912,514 39,597 26,759 102,452 39,938 45,649 7,740 5,845 13,465 38,133 236,700
U.S. Treasury, General Account 344,461 0 344,461 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) 59,891 8 20,105 1 33 499 33 38,976 6 66 56 109 1
Deferred availability cash items 247 0 0 0 0 0 121 0 0 125 0 0 0
Earnings remittances due to the U.S.
Treasury (13) 1,322 22 754 25 44 50 111 64 22 12 20 66 131
Other liabilities and accrued
dividends 4,813 175 1,966 207 208 554 306 304 138 141 145 223 446
Total liabilities 3,852,788 78,904 1,999,086 92,505 114,714 232,524 287,329 206,978 61,558 36,707 60,109 189,440 492,935
Capital
Capital paid in 32,602 1,496 10,323 1,869 2,665 6,931 1,864 1,279 512 157 326 403 4,779
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 3,892,216 80,693 2,011,574 94,768 117,924 240,910 289,589 208,542 62,173 36,896 60,501 189,928 498,716
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, May 8, 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
May 8, 2019
Federal Reserve notes outstanding 1,879,301
Less: Notes held by F.R. Banks not subject to collateralization 194,140
Federal Reserve notes to be collateralized 1,685,161
Collateral held against Federal Reserve notes 1,685,161
Gold certificate account 11,037
Special drawing rights certificate account 5,200
U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 1,668,924
Other assets pledged 0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 3,701,974
Less: Face value of securities under reverse repurchase agreements 257,471
U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,444,504
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