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Release Date: August 01, 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 1, 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 Jul 31, 2019
Federal Reserve Banks Jul 31, 2019 Jul 24, 2019 Aug 1, 2018
Reserve Bank credit 3,751,598 - 16,010 - 480,853 3,739,581
Securities held outright (1) 3,606,334 - 14,835 - 458,979 3,594,822
U.S. Treasury securities 2,092,212 - 1,814 - 261,150 2,080,700
Bills (2) 2 0 + 2 2
Notes and bonds, nominal (2) 1,952,410 - 1,961 - 265,207 1,940,396
Notes and bonds, inflation-indexed (2) 116,068 + 79 + 1,980 116,545
Inflation compensation (3) 23,731 + 67 + 2,074 23,757
Federal agency debt securities (2) 2,347 0 - 62 2,347
Mortgage-backed securities (4) 1,511,775 - 13,021 - 197,767 1,511,775
Unamortized premiums on securities held outright (5) 129,340 - 641 - 18,757 129,256
Unamortized discounts on securities held outright (5) -12,760 + 28 + 1,074 -12,764
Repurchase agreements (6) 0 0 0 0
Loans 129 + 4 - 103 132
Primary credit 2 0 - 6 6
Secondary credit 0 0 0 0
Seasonal credit 126 + 4 - 98 126
Other credit extensions 0 0 0 0
Net portfolio holdings of Maiden Lane LLC (7) 0 0 - 1,716 0
Float -340 - 156 + 107 -818
Central bank liquidity swaps (8) 11 0 - 89 11
Other Federal Reserve assets (9) 28,884 - 411 - 2,390 28,942
Foreign currency denominated assets (10) 20,699 - 134 - 420 20,715
Gold stock 11,041 0 0 11,041
Special drawing rights certificate account 5,200 0 0 5,200
Treasury currency outstanding (11) 50,020 + 14 + 373 50,020
Total factors supplying reserve funds 3,838,558 - 16,129 - 480,900 3,826,557
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 Jul 31, 2019
Federal Reserve Banks Jul 31, 2019 Jul 24, 2019 Aug 1, 2018
Currency in circulation (11) 1,745,752 + 465 + 78,004 1,747,776
Reverse repurchase agreements (12) 290,068 - 107 + 50,092 308,710
Foreign official and international accounts 286,253 + 9,877 + 48,823 301,343
Others 3,815 - 9,985 + 1,270 7,367
Treasury cash holdings 174 + 10 - 33 176
Deposits with F.R. Banks, other than reserve balances 223,161 - 33,101 - 205,746 234,770
Term deposits held by depository institutions 0 0 0 0
U.S. Treasury, General Account 163,763 - 29,599 - 187,760 176,662
Foreign official 5,255 - 1 - 2 5,254
Other (13) 54,143 - 3,501 - 17,984 52,854
Other liabilities and capital (14) 44,879 + 402 - 193 44,578
Total factors, other than reserve balances,
absorbing reserve funds 2,304,034 - 32,331 - 77,876 2,336,011
Reserve balances with Federal Reserve Banks 1,534,523 + 16,201 - 403,025 1,490,546
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 Jul 31, 2019
Jul 31, 2019 Jul 24, 2019 Aug 1, 2018
Securities held in custody for foreign official and
international accounts 3,462,859 + 1,927 + 28,650 3,459,477
Marketable U.S. Treasury securities (1) 3,024,715 - 5,187 - 37,363 3,020,886
Federal agency debt and mortgage-backed securities (2) 357,370 + 6,354 + 58,606 357,689
Other securities (3) 80,774 + 760 + 7,407 80,901
Securities lent to dealers 26,563 + 2,026 + 8,784 29,606
Overnight facility (4) 26,563 + 2,026 + 8,784 29,606
U.S. Treasury securities 26,563 + 2,026 + 8,784 29,606
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, July 31, 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 121 11 0 0 0 ... 132
U.S. Treasury securities (1)
Holdings 54,817 27,659 256,814 863,166 265,728 612,516 2,080,700
Weekly changes + 35,507 - 54,814 + 28 + 6,891 - 988 + 25 - 13,351
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 6 327 76,623 1,434,819 1,511,775
Weekly changes 0 0 - 2 - 8 - 1,075 - 8,682 - 9,767
Repurchase agreements (4) 0 0 ... ... ... ... 0
Central bank liquidity swaps (5) 11 0 0 0 0 0 11
Reverse repurchase agreements (4) 308,710 0 ... ... ... ... 308,710
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
Jul 31, 2019
Mortgage-backed securities held outright (1) 1,511,775
Commitments to buy mortgage-backed securities (2) 3,421
Commitments to sell mortgage-backed securities (2) 0
Cash and cash equivalents (3) 10
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 Jul 31, 2019 Wednesday Wednesday
consolidation Jul 24, 2019 Aug 1, 2018
Assets
Gold certificate account 11,037 0 0
Special drawing rights certificate account 5,200 0 0
Coin 1,682 + 1 - 85
Securities, unamortized premiums and discounts,
repurchase agreements, and loans 3,711,446 - 23,612 - 471,781
Securities held outright (1) 3,594,822 - 23,117 - 454,007
U.S. Treasury securities 2,080,700 - 13,351 - 256,176
Bills (2) 2 0 + 2
Notes and bonds, nominal (2) 1,940,396 - 13,975 - 260,193
Notes and bonds, inflation-indexed (2) 116,545 + 556 + 1,953
Inflation compensation (3) 23,757 + 68 + 2,062
Federal agency debt securities (2) 2,347 0 - 62
Mortgage-backed securities (4) 1,511,775 - 9,767 - 197,769
Unamortized premiums on securities held outright
(5) 129,256 - 511 - 18,747
Unamortized discounts on securities held outright
(5) -12,764 + 13 + 1,069
Repurchase agreements (6) 0 0 0
Loans 132 + 3 - 96
Net portfolio holdings of Maiden Lane LLC (7) 0 0 - 1,716
Items in process of collection (0) 68 - 40 - 134
Bank premises 2,195 + 6 + 16
Central bank liquidity swaps (8) 11 0 - 89
Foreign currency denominated assets (9) 20,715 - 37 - 354
Other assets (10) 26,746 - 654 - 2,409
Total assets (0) 3,779,102 - 24,334 - 476,551
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 Jul 31, 2019 Wednesday Wednesday
consolidation Jul 24, 2019 Aug 1, 2018
Liabilities
Federal Reserve notes, net of F.R. Bank holdings 1,699,610 + 1,647 + 77,652
Reverse repurchase agreements (11) 308,710 + 26,314 + 72,951
Deposits (0) 1,725,316 - 53,026 - 627,333
Term deposits held by depository institutions 0 0 0
Other deposits held by depository institutions 1,490,546 - 34,794 - 475,886
U.S. Treasury, General Account 176,662 - 1,565 - 133,542
Foreign official 5,254 - 1 - 3
Other (12) (0) 52,854 - 16,666 - 17,902
Deferred availability cash items (0) 886 + 279 + 266
Other liabilities and accrued dividends (13) 5,352 + 451 - 411
Total liabilities (0) 3,739,876 - 24,333 - 476,872
Capital accounts
Capital paid in 32,401 0 + 322
Surplus 6,825 0 0
Other capital accounts 0 0 0
Total capital 39,226 0 + 322
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, July 31, 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 1,682 35 46 146 114 213 188 274 32 45 105 198 285
Securities, unamortized premiums and
discounts, repurchase agreements,
and loans 3,711,446 76,996 2,024,785 89,877 108,584 227,119 253,768 194,822 53,352 32,198 55,033 161,154 433,757
Securities held outright (1) 3,594,822 74,579 1,961,230 87,054 105,175 219,990 245,789 188,697 51,667 31,107 53,305 156,091 420,137
U.S. Treasury securities 2,080,700 43,167 1,135,169 50,387 60,876 127,331 142,264 109,219 29,905 18,005 30,853 90,346 243,177
Bills (2) 2 0 1 0 0 0 0 0 0 0 0 0 0
Notes and bonds (3) 2,080,698 43,167 1,135,168 50,387 60,876 127,331 142,264 109,219 29,905 18,005 30,853 90,346 243,177
Federal agency debt securities (2) 2,347 49 1,280 57 69 144 160 123 34 20 35 102 274
Mortgage-backed securities (4) 1,511,775 31,364 824,780 36,610 44,231 92,515 103,365 79,355 21,728 13,082 22,417 65,643 176,685
Unamortized premiums on securities held
outright (5) 129,256 2,682 70,518 3,130 3,782 7,910 8,838 6,785 1,858 1,118 1,917 5,612 15,106
Unamortized discounts on securities
held outright (5) -12,764 -265 -6,964 -309 -373 -781 -873 -670 -183 -110 -189 -554 -1,492
Repurchase agreements (6) 0 0 0 0 0 0 0 0 0 0 0 0 0
Loans 132 0 1 2 0 0 15 10 11 84 0 4 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 68 0 0 0 0 0 68 0 0 0 0 0 0
Bank premises 2,195 107 463 82 117 193 205 192 103 94 228 221 190
Central bank liquidity swaps (8) 11 0 4 1 1 2 1 0 0 0 0 0 2
Foreign currency denominated
assets (9) 20,715 891 6,587 1,196 1,652 4,413 1,203 864 316 98 200 256 3,038
Other assets (10) 26,746 575 14,171 646 798 1,852 1,818 1,379 476 293 481 1,158 3,101
Interdistrict settlement account 0 + 9,356 - 198,816 - 8,185 + 17,995 + 10,088 + 35,973 + 20,417 + 8,497 + 5,289 + 5,041 + 24,556 + 69,788
Total assets 3,779,102 88,507 1,852,764 84,300 130,029 245,046 295,438 219,083 63,255 38,294 61,534 188,715 512,135
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, July 31, 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 1,901,884 57,243 628,758 54,799 90,883 131,183 261,361 124,174 56,411 31,376 50,366 158,924 256,407
Less: Notes held by F.R. Banks 202,274 6,173 46,766 8,368 10,063 16,067 30,530 13,461 6,190 3,335 8,087 20,576 32,659
Federal Reserve notes, net 1,699,610 51,070 581,992 46,431 80,820 115,116 230,831 110,713 50,221 28,041 42,279 138,348 223,748
Reverse repurchase agreements (11) 308,710 6,405 168,423 7,476 9,032 18,892 21,107 16,205 4,437 2,671 4,578 13,405 36,080
Deposits 1,725,316 29,071 1,086,818 28,670 36,751 102,335 40,771 90,261 7,830 6,424 14,132 36,207 246,046
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 1,490,546 29,059 889,589 28,667 36,708 102,110 40,735 53,279 7,825 6,361 14,090 36,083 246,040
U.S. Treasury, General Account 176,662 0 176,662 0 0 0 0 0 0 0 0 0 0
Foreign official 5,254 2 5,227 2 3 9 2 2 1 0 0 0 6
Other (12) 52,854 10 15,339 1 39 217 33 36,981 4 63 42 124 0
Deferred availability cash items 886 0 0 0 0 0 67 0 0 820 0 0 0
Earnings remittances due to the U.S.
Treasury (13) 668 12 360 16 21 22 82 32 15 8 8 44 48
Other liabilities and accrued
dividends 4,684 165 1,973 181 192 512 289 298 137 141 143 222 430
Total liabilities 3,739,876 86,722 1,839,566 82,774 126,817 236,877 293,147 217,509 62,640 38,105 61,140 188,226 506,353
Capital
Capital paid in 32,401 1,491 11,033 1,132 2,667 6,714 1,894 1,289 512 157 328 404 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 3,779,102 88,507 1,852,764 84,300 130,029 245,046 295,438 219,083 63,255 38,294 61,534 188,715 512,135
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, July 31, 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
Jul 31, 2019
Federal Reserve notes outstanding 1,901,884
Less: Notes held by F.R. Banks not subject to collateralization 202,274
Federal Reserve notes to be collateralized 1,699,610
Collateral held against Federal Reserve notes 1,699,610
Gold certificate account 11,037
Special drawing rights certificate account 5,200
U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 1,683,374
Other assets pledged 0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 3,594,822
Less: Face value of securities under reverse repurchase agreements 298,297
U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,296,524
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