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Release Date: March 07, 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 March 7, 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 Mar 6, 2019
Federal Reserve Banks Mar 6, 2019 Feb 27, 2019 Mar 7, 2018
Reserve Bank credit 3,929,242 - 10,551 - 425,085 3,929,790
Securities held outright (1) 3,785,416 - 10,515 - 403,309 3,785,438
U.S. Treasury securities 2,175,399 - 6,733 - 248,944 2,175,420
Bills (2) 0 0 0 0
Notes and bonds, nominal (2) 2,039,011 - 7,091 - 254,874 2,039,011
Notes and bonds, inflation-indexed (2) 115,154 + 385 + 3,934 115,154
Inflation compensation (3) 21,234 - 27 + 1,996 21,255
Federal agency debt securities (2) 2,409 0 - 1,982 2,409
Mortgage-backed securities (4) 1,607,609 - 3,781 - 152,382 1,607,609
Unamortized premiums on securities held outright (5) 136,945 - 357 - 18,933 136,856
Unamortized discounts on securities held outright (5) -13,223 + 7 + 888 -13,213
Repurchase agreements (6) 0 0 0 0
Loans 12 - 11 - 1 6
Primary credit 6 - 7 + 3 0
Secondary credit 0 0 0 0
Seasonal credit 6 - 4 - 4 6
Other credit extensions 0 0 0 0
Net portfolio holdings of Maiden Lane LLC (7) 0 0 - 1,708 0
Float -333 - 60 - 48 -594
Central bank liquidity swaps (8) 65 - 23 0 65
Other Federal Reserve assets (9) 20,361 + 409 - 1,972 21,232
Foreign currency denominated assets (10) 20,719 - 61 - 1,550 20,679
Gold stock 11,041 0 0 11,041
Special drawing rights certificate account 5,200 0 0 5,200
Treasury currency outstanding (11) 49,888 + 14 + 433 49,888
Total factors supplying reserve funds 4,016,091 - 10,597 - 426,202 4,016,598
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 Mar 6, 2019
Federal Reserve Banks Mar 6, 2019 Feb 27, 2019 Mar 7, 2018
Currency in circulation (11) 1,714,830 + 3,946 + 85,358 1,719,446
Reverse repurchase agreements (12) 250,100 - 3,432 + 12,661 237,132
Foreign official and international accounts 247,584 - 2,116 + 24,715 235,017
Others 2,516 - 1,316 - 12,054 2,115
Treasury cash holdings 315 + 15 + 9 330
Deposits with F.R. Banks, other than reserve balances 284,823 - 91,470 + 7,038 278,730
Term deposits held by depository institutions 0 0 0 0
U.S. Treasury, General Account 220,045 - 90,529 + 24,974 213,611
Foreign official 5,244 0 - 11 5,244
Other (13) 59,534 - 941 - 17,925 59,874
Other liabilities and capital (14) 44,408 - 521 - 868 44,413
Total factors, other than reserve balances,
absorbing reserve funds 2,294,477 - 91,461 + 104,200 2,280,051
Reserve balances with Federal Reserve Banks 1,721,614 + 80,864 - 530,402 1,736,547
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 Mar 6, 2019
Mar 6, 2019 Feb 27, 2019 Mar 7, 2018
Securities held in custody for foreign official and
international accounts 3,465,953 + 23,638 + 25,574 3,467,068
Marketable U.S. Treasury securities (1) 3,070,622 + 23,668 - 25,015 3,071,735
Federal agency debt and mortgage-backed securities (2) 323,719 - 288 + 59,524 323,711
Other securities (3) 71,612 + 259 - 8,936 71,622
Securities lent to dealers 26,480 + 3,912 - 128 23,488
Overnight facility (4) 26,480 + 3,912 - 128 23,488
U.S. Treasury securities 26,480 + 3,912 - 128 23,488
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, March 6, 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 0 6 0 0 0 ... 6
U.S. Treasury securities (1)
Holdings 0 112,837 270,526 922,063 252,449 617,546 2,175,420
Weekly changes - 12,529 + 20,057 - 3,591 - 8,679 - 2,330 + 401 - 6,672
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 8 211 73,989 1,533,401 1,607,609
Weekly changes 0 0 + 4 + 7 + 10,218 - 10,230 0
Repurchase agreements (4) 0 0 ... ... ... ... 0
Central bank liquidity swaps (5) 65 0 0 0 0 0 65
Reverse repurchase agreements (4) 237,132 0 ... ... ... ... 237,132
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
Mar 6, 2019
Mortgage-backed securities held outright (1) 1,607,609
Commitments to buy mortgage-backed securities (2) 357
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 Mar 6, 2019 Wednesday Wednesday
consolidation Feb 27, 2019 Mar 7, 2018
Assets
Gold certificate account 11,037 0 0
Special drawing rights certificate account 5,200 0 0
Coin 1,770 - 12 - 130
Securities, unamortized premiums and discounts,
repurchase agreements, and loans 3,909,088 - 6,915 - 421,405
Securities held outright (1) 3,785,438 - 6,671 - 403,346
U.S. Treasury securities 2,175,420 - 6,672 - 248,982
Bills (2) 0 0 0
Notes and bonds, nominal (2) 2,039,011 - 7,091 - 254,874
Notes and bonds, inflation-indexed (2) 115,154 + 385 + 3,934
Inflation compensation (3) 21,255 + 34 + 1,958
Federal agency debt securities (2) 2,409 0 - 1,982
Mortgage-backed securities (4) 1,607,609 0 - 152,382
Unamortized premiums on securities held outright
(5) 136,856 - 243 - 18,943
Unamortized discounts on securities held outright
(5) -13,213 + 5 + 887
Repurchase agreements (6) 0 0 0
Loans 6 - 6 - 5
Net portfolio holdings of Maiden Lane LLC (7) 0 0 - 1,708
Items in process of collection (0) 64 + 12 - 22
Bank premises 2,199 - 6 + 5
Central bank liquidity swaps (8) 65 - 23 0
Foreign currency denominated assets (9) 20,679 - 113 - 1,655
Other assets (10) 19,033 + 1,601 - 2,047
Total assets (0) 3,969,134 - 5,456 - 426,963
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 Mar 6, 2019 Wednesday Wednesday
consolidation Feb 27, 2019 Mar 7, 2018
Liabilities
Federal Reserve notes, net of F.R. Bank holdings 1,671,653 + 7,081 + 85,864
Reverse repurchase agreements (11) 237,132 - 14,216 + 3,666
Deposits (0) 2,015,277 + 2,349 - 516,035
Term deposits held by depository institutions 0 0 0
Other deposits held by depository institutions 1,736,547 + 54,337 - 524,806
U.S. Treasury, General Account 213,611 - 52,413 + 26,096
Foreign official 5,244 + 1 - 10
Other (12) (0) 59,874 + 423 - 17,316
Deferred availability cash items (0) 658 - 290 + 87
Other liabilities and accrued dividends (13) 5,226 - 408 - 556
Total liabilities (0) 3,929,946 - 5,485 - 426,975
Capital accounts
Capital paid in 32,363 + 28 + 686
Surplus 6,825 0 - 675
Other capital accounts 0 0 0
Total capital 39,188 + 28 + 11
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, March 6, 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 1,770 47 48 153 119 233 187 292 31 46 113 197 303
Securities, unamortized premiums and
discounts, repurchase agreements,
and loans 3,909,088 74,659 2,158,116 98,696 110,824 231,324 234,649 209,368 52,043 32,621 61,538 161,640 483,609
Securities held outright (1) 3,785,438 72,298 2,089,855 95,574 107,318 224,008 227,228 202,740 50,397 31,589 59,592 156,527 468,312
U.S. Treasury securities 2,175,420 41,548 1,201,001 54,925 61,674 128,733 130,583 116,511 28,962 18,154 34,246 89,953 269,130
Bills (2) 0 0 0 0 0 0 0 0 0 0 0 0 0
Notes and bonds (3) 2,175,420 41,548 1,201,001 54,925 61,674 128,733 130,583 116,511 28,962 18,154 34,246 89,953 269,130
Federal agency debt securities (2) 2,409 46 1,330 61 68 143 145 129 32 20 38 100 298
Mortgage-backed securities (4) 1,607,609 30,704 887,525 40,589 45,576 95,132 96,500 86,100 21,403 13,415 25,308 66,474 198,884
Unamortized premiums on securities held
outright (5) 136,856 2,614 75,555 3,455 3,880 8,099 8,215 7,330 1,822 1,142 2,154 5,659 16,931
Unamortized discounts on securities
held outright (5) -13,213 -252 -7,294 -334 -375 -782 -793 -708 -176 -110 -208 -546 -1,635
Repurchase agreements (6) 0 0 0 0 0 0 0 0 0 0 0 0 0
Loans 6 0 0 0 0 0 0 6 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 64 0 0 0 0 0 63 0 0 0 0 0 0
Bank premises 2,199 109 456 81 118 194 207 192 106 95 230 221 191
Central bank liquidity swaps (8) 65 3 20 4 5 14 4 3 1 0 1 1 9
Foreign currency denominated
assets (9) 20,679 880 6,520 1,174 1,669 4,467 1,195 877 298 95 205 256 3,043
Other assets (10) 19,033 384 9,957 472 545 1,337 1,137 988 528 211 359 800 2,315
Interdistrict settlement account 0 + 4,280 - 157,949 + 5,102 + 15,989 - 2,018 + 48,300 - 1,202 + 11,662 + 5,186 + 374 + 27,290 + 42,985
Total assets 3,969,134 80,921 2,022,613 106,243 130,051 236,736 287,887 211,681 65,152 38,543 63,281 191,591 534,433
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, March 6, 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 1,870,806 57,486 618,448 54,593 89,458 126,034 260,932 121,253 55,673 31,280 49,607 154,844 251,198
Less: Notes held by F.R. Banks 199,153 6,336 55,382 7,058 9,344 14,057 31,800 13,831 4,516 2,998 6,410 16,986 30,435
Federal Reserve notes, net 1,671,653 51,150 563,067 47,535 80,114 111,976 229,132 107,423 51,158 28,282 43,196 137,857 220,764
Reverse repurchase agreements (11) 237,132 4,529 130,915 5,987 6,723 14,033 14,234 12,700 3,157 1,979 3,733 9,805 29,337
Deposits 2,015,277 23,376 1,313,950 50,256 39,875 101,838 41,776 89,583 10,067 7,367 15,836 43,190 278,162
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 1,736,547 23,366 1,076,278 50,253 39,845 101,418 41,741 49,225 10,058 7,307 15,828 43,073 278,155
U.S. Treasury, General Account 213,611 0 213,611 0 0 0 0 0 0 0 0 0 0
Foreign official 5,244 2 5,216 2 3 9 2 2 1 0 0 0 6
Other (12) 59,874 8 18,844 1 26 411 33 40,356 8 60 8 117 2
Deferred availability cash items 658 0 0 0 0 0 77 0 0 581 0 0 0
Earnings remittances due to the U.S.
Treasury (13) 1,270 21 723 22 30 42 102 77 31 12 23 64 123
Other liabilities and accrued
dividends 3,956 157 1,513 180 180 467 276 259 129 136 127 202 328
Total liabilities 3,929,946 79,233 2,010,168 103,980 126,922 228,356 285,598 210,043 64,542 38,357 62,915 191,119 528,713
Capital
Capital paid in 32,363 1,394 10,279 1,869 2,583 6,925 1,892 1,354 507 154 299 388 4,718
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 3,969,134 80,921 2,022,613 106,243 130,051 236,736 287,887 211,681 65,152 38,543 63,281 191,591 534,433
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, March 6, 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
Mar 6, 2019
Federal Reserve notes outstanding 1,870,806
Less: Notes held by F.R. Banks not subject to collateralization 199,153
Federal Reserve notes to be collateralized 1,671,653
Collateral held against Federal Reserve notes 1,671,653
Gold certificate account 11,037
Special drawing rights certificate account 5,200
U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 1,655,417
Other assets pledged 0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 3,785,438
Less: Face value of securities under reverse repurchase agreements 237,240
U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,548,198
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