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Release Date: August 22, 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 August 22, 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 Aug 21, 2019
Federal Reserve Banks Aug 21, 2019 Aug 14, 2019 Aug 22, 2018
Reserve Bank credit 3,727,154 - 17,240 - 462,705 3,725,869
Securities held outright (1) 3,593,144 - 2,373 - 441,058 3,591,937
U.S. Treasury securities 2,085,859 + 5,151 - 238,649 2,088,920
Bills (2) 3,001 + 3,001 + 2,915 3,001
Notes and bonds, nominal (2) 1,942,540 + 2,144 - 245,466 1,945,599
Notes and bonds, inflation-indexed (2) 116,545 0 + 1,953 116,545
Inflation compensation (3) 23,773 + 6 + 1,949 23,775
Federal agency debt securities (2) 2,347 0 - 62 2,347
Mortgage-backed securities (4) 1,504,938 - 7,524 - 202,347 1,500,670
Unamortized premiums on securities held outright (5) 128,476 - 472 - 18,752 128,243
Unamortized discounts on securities held outright (5) -13,054 - 337 + 772 -13,046
Repurchase agreements (6) 0 0 0 0
Loans 132 + 33 - 153 179
Primary credit 34 + 33 - 2 75
Secondary credit 0 0 0 0
Seasonal credit 98 0 - 150 104
Other credit extensions 0 0 0 0
Net portfolio holdings of Maiden Lane LLC (7) 0 0 - 1,719 0
Float -121 + 6 + 46 -154
Central bank liquidity swaps (8) 43 - 2 - 25 43
Other Federal Reserve assets (9) 18,534 - 14,094 - 1,816 18,667
Foreign currency denominated assets (10) 20,839 - 174 - 88 20,829
Gold stock 11,041 0 0 11,041
Special drawing rights certificate account 5,200 0 0 5,200
Treasury currency outstanding (11) 50,028 + 14 + 369 50,028
Total factors supplying reserve funds 3,814,263 - 17,399 - 462,423 3,812,967
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 Aug 21, 2019
Federal Reserve Banks Aug 21, 2019 Aug 14, 2019 Aug 22, 2018
Currency in circulation (11) 1,749,247 + 1,518 + 75,575 1,751,265
Reverse repurchase agreements (12) 310,767 + 23,140 + 61,757 301,218
Foreign official and international accounts 298,827 + 14,684 + 52,220 286,065
Others 11,939 + 8,455 + 9,536 15,153
Treasury cash holdings 171 + 3 - 48 160
Deposits with F.R. Banks, other than reserve balances 193,652 - 6,459 - 232,361 198,466
Term deposits held by depository institutions 0 0 0 0
U.S. Treasury, General Account 125,725 - 4,232 - 222,668 131,447
Foreign official 5,256 + 1 - 18 5,256
Other (13) 62,671 - 2,228 - 9,675 61,763
Other liabilities and capital (14) 44,381 - 1,239 - 138 44,038
Total factors, other than reserve balances,
absorbing reserve funds 2,298,218 + 16,962 - 95,214 2,295,147
Reserve balances with Federal Reserve Banks 1,516,045 - 34,361 - 367,209 1,517,820
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 Aug 21, 2019
Aug 21, 2019 Aug 14, 2019 Aug 22, 2018
Securities held in custody for foreign official and
international accounts 3,471,346 + 3,548 + 41,503 3,469,762
Marketable U.S. Treasury securities (1) 3,033,438 + 4,293 - 25,769 3,030,813
Federal agency debt and mortgage-backed securities (2) 357,378 - 368 + 57,723 358,293
Other securities (3) 80,530 - 377 + 9,548 80,656
Securities lent to dealers 25,395 - 3,654 + 11,184 21,407
Overnight facility (4) 25,395 - 3,654 + 11,184 21,407
U.S. Treasury securities 25,395 - 3,654 + 11,184 21,407
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, August 21, 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 154 25 0 0 0 ... 179
U.S. Treasury securities (1)
Holdings 14,674 70,603 268,484 826,882 289,608 618,670 2,088,920
Weekly changes - 40,140 + 27,262 + 17,249 - 26,182 + 23,874 + 6,149 + 8,210
Federal agency debt securities (2)
Holdings 0 0 0 0 486 1,861 2,347
Weekly changes 0 0 0 0 0 0 0
Mortgage-backed securities (3)
Holdings 0 0 8 452 78,320 1,421,889 1,500,670
Weekly changes 0 0 0 + 40 - 524 - 13,021 - 13,504
Repurchase agreements (4) 0 0 ... ... ... ... 0
Central bank liquidity swaps (5) 43 0 0 0 0 0 43
Reverse repurchase agreements (4) 301,218 0 ... ... ... ... 301,218
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
Aug 21, 2019
Mortgage-backed securities held outright (1) 1,500,670
Commitments to buy mortgage-backed securities (2) 2,802
Commitments to sell mortgage-backed securities (2) 0
Cash and cash equivalents (3) 1
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 Aug 21, 2019 Wednesday Wednesday
consolidation Aug 14, 2019 Aug 22, 2018
Assets
Gold certificate account 11,037 0 0
Special drawing rights certificate account 5,200 0 0
Coin 1,724 + 9 - 67
Securities, unamortized premiums and discounts,
repurchase agreements, and loans 3,707,313 - 6,200 - 459,904
Securities held outright (1) 3,591,937 - 5,294 - 441,743
U.S. Treasury securities 2,088,920 + 8,210 - 235,620
Bills (2) 3,001 + 3,001 + 2,901
Notes and bonds, nominal (2) 1,945,599 + 5,203 - 242,407
Notes and bonds, inflation-indexed (2) 116,545 0 + 1,953
Inflation compensation (3) 23,775 + 6 + 1,933
Federal agency debt securities (2) 2,347 0 - 62
Mortgage-backed securities (4) 1,500,670 - 13,504 - 206,061
Unamortized premiums on securities held outright
(5) 128,243 - 645 - 18,825
Unamortized discounts on securities held outright
(5) -13,046 - 340 + 769
Repurchase agreements (6) 0 0 0
Loans 179 + 79 - 106
Net portfolio holdings of Maiden Lane LLC (7) 0 0 - 1,720
Items in process of collection (0) 53 - 6 - 1
Bank premises 2,191 + 5 + 8
Central bank liquidity swaps (8) 43 - 2 - 25
Foreign currency denominated assets (9) 20,829 - 111 - 251
Other assets (10) 16,477 - 14,846 - 1,991
Total assets (0) 3,764,866 - 21,152 - 463,952
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 Aug 21, 2019 Wednesday Wednesday
consolidation Aug 14, 2019 Aug 22, 2018
Liabilities
Federal Reserve notes, net of F.R. Bank holdings 1,703,116 + 1,756 + 75,726
Reverse repurchase agreements (11) 301,218 + 2,677 + 57,014
Deposits (0) 1,716,286 - 24,434 - 596,085
Term deposits held by depository institutions 0 0 0
Other deposits held by depository institutions 1,517,820 + 6,556 - 384,965
U.S. Treasury, General Account 131,447 + 466 - 203,545
Foreign official 5,256 + 1 0
Other (12) (0) 61,763 - 31,457 - 7,575
Deferred availability cash items (0) 207 - 27 - 71
Other liabilities and accrued dividends (13) 4,744 - 1,138 - 809
Total liabilities (0) 3,725,572 - 21,165 - 464,224
Capital accounts
Capital paid in 32,469 + 13 + 273
Surplus 6,825 0 0
Other capital accounts 0 0 0
Total capital 39,294 + 13 + 273
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, August 21, 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 1,724 43 47 153 111 219 189 278 35 47 114 200 288
Securities, unamortized premiums and
discounts, repurchase agreements,
and loans 3,707,313 76,909 2,022,504 89,774 108,461 226,870 253,526 194,596 53,307 32,143 54,974 160,981 433,269
Securities held outright (1) 3,591,937 74,519 1,959,656 86,984 105,091 219,814 245,592 188,546 51,626 31,082 53,263 155,966 419,800
U.S. Treasury securities 2,088,920 43,337 1,139,654 50,587 61,117 127,834 142,826 109,650 30,023 18,076 30,975 90,703 244,138
Bills (2) 3,001 62 1,637 73 88 184 205 158 43 26 44 130 351
Notes and bonds (3) 2,085,919 43,275 1,138,017 50,514 61,029 127,651 142,621 109,493 29,980 18,050 30,931 90,573 243,787
Federal agency debt securities (2) 2,347 49 1,280 57 69 144 160 123 34 20 35 102 274
Mortgage-backed securities (4) 1,500,670 31,133 818,721 36,341 43,906 91,836 102,605 78,772 21,569 12,986 22,252 65,161 175,387
Unamortized premiums on securities held
outright (5) 128,243 2,661 69,966 3,106 3,752 7,848 8,768 6,732 1,843 1,110 1,902 5,568 14,988
Unamortized discounts on securities
held outright (5) -13,046 -271 -7,118 -316 -382 -798 -892 -685 -188 -113 -193 -566 -1,525
Repurchase agreements (6) 0 0 0 0 0 0 0 0 0 0 0 0 0
Loans 179 0 0 0 0 6 58 3 26 64 3 13 6
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 53 0 0 0 0 0 53 0 0 0 0 0 0
Bank premises 2,191 108 458 82 117 191 205 192 103 94 228 222 190
Central bank liquidity swaps (8) 43 2 14 2 3 9 3 2 1 0 0 1 6
Foreign currency denominated
assets (9) 20,829 897 6,611 1,203 1,663 4,441 1,211 870 318 99 202 258 3,058
Other assets (10) 16,477 361 8,517 394 494 1,227 1,111 837 324 188 333 800 1,890
Interdistrict settlement account 0 + 6,384 - 206,806 - 7,215 + 16,058 + 17,415 + 37,863 + 23,950 + 8,776 + 5,056 + 5,806 + 27,739 + 64,972
Total assets 3,764,866 85,251 1,836,869 84,930 127,676 251,537 296,375 221,859 63,341 37,904 62,102 191,373 505,648
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, August 21, 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 1,907,670 57,465 633,120 54,948 90,727 131,373 262,331 124,462 56,292 31,305 50,199 159,170 256,278
Less: Notes held by F.R. Banks 204,554 6,350 46,682 8,978 10,167 16,534 28,722 14,272 6,263 3,567 8,375 21,024 33,621
Federal Reserve notes, net 1,703,116 51,115 586,438 45,971 80,560 114,839 233,610 110,190 50,030 27,738 41,824 138,146 222,657
Reverse repurchase agreements (11) 301,218 6,249 164,336 7,294 8,813 18,433 20,595 15,811 4,329 2,607 4,467 13,079 35,204
Deposits 1,716,286 25,924 1,070,933 29,953 34,859 109,594 39,433 94,051 8,231 7,002 15,258 39,408 241,641
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 1,517,820 25,909 917,683 29,950 34,827 108,889 39,399 49,858 8,228 6,946 15,207 39,290 241,635
U.S. Treasury, General Account 131,447 0 131,447 0 0 0 0 0 0 0 0 0 0
Foreign official 5,256 2 5,229 2 3 9 2 2 1 0 0 0 6
Other (12) 61,763 13 16,574 1 28 696 32 44,191 3 56 51 118 1
Deferred availability cash items 207 0 0 0 0 0 58 0 0 149 0 0 0
Earnings remittances due to the U.S.
Treasury (13) 597 9 343 12 13 22 66 24 12 6 12 39 39
Other liabilities and accrued
dividends 4,147 166 1,605 173 184 478 296 278 130 144 147 212 333
Total liabilities 3,725,572 83,464 1,823,655 83,403 124,429 243,366 294,058 220,354 62,731 37,646 61,707 190,884 499,874
Capital
Capital paid in 32,469 1,493 11,049 1,133 2,702 6,716 1,920 1,220 506 225 328 404 4,772
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 3,764,866 85,251 1,836,869 84,930 127,676 251,537 296,375 221,859 63,341 37,904 62,102 191,373 505,648
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, August 21, 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
Aug 21, 2019
Federal Reserve notes outstanding 1,907,670
Less: Notes held by F.R. Banks not subject to collateralization 204,554
Federal Reserve notes to be collateralized 1,703,116
Collateral held against Federal Reserve notes 1,703,116
Gold certificate account 11,037
Special drawing rights certificate account 5,200
U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 1,686,880
Other assets pledged 0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 3,591,937
Less: Face value of securities under reverse repurchase agreements 281,160
U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,310,777
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