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Release Date: September 05, 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 September 5, 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 Sep 4, 2019
Federal Reserve Banks Sep 4, 2019 Aug 28, 2019 Sep 5, 2018
Reserve Bank credit 3,721,962 - 1,849 - 447,347 3,722,202
Securities held outright (1) 3,587,092 - 2,455 - 427,152 3,587,116
U.S. Treasury securities 2,095,140 + 3,871 - 219,689 2,095,164
Bills (2) 3,001 0 + 2,901 3,001
Notes and bonds, nominal (2) 1,951,802 + 3,859 - 225,572 1,951,802
Notes and bonds, inflation-indexed (2) 116,545 0 + 1,107 116,545
Inflation compensation (3) 23,792 + 13 + 1,875 23,816
Federal agency debt securities (2) 2,347 0 - 62 2,347
Mortgage-backed securities (4) 1,489,605 - 6,326 - 207,401 1,489,605
Unamortized premiums on securities held outright (5) 127,687 - 302 - 18,724 127,584
Unamortized discounts on securities held outright (5) -12,926 + 77 + 864 -12,957
Repurchase agreements (6) 0 0 0 0
Loans 97 - 43 - 142 93
Primary credit 1 - 34 - 9 1
Secondary credit 0 0 0 0
Seasonal credit 97 - 8 - 132 92
Other credit extensions 0 0 0 0
Net portfolio holdings of Maiden Lane LLC (7) 0 0 - 1,719 0
Float -522 - 349 + 18 -513
Central bank liquidity swaps (8) 872 + 803 + 782 872
Other Federal Reserve assets (9) 19,661 + 418 - 1,275 20,007
Foreign currency denominated assets (10) 20,798 - 119 - 259 20,767
Gold stock 11,041 0 0 11,041
Special drawing rights certificate account 5,200 0 0 5,200
Treasury currency outstanding (11) 50,025 + 14 + 358 50,025
Total factors supplying reserve funds 3,809,026 - 1,954 - 447,248 3,809,235
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 Sep 4, 2019
Federal Reserve Banks Sep 4, 2019 Aug 28, 2019 Sep 5, 2018
Currency in circulation (11) 1,760,709 + 9,109 + 75,123 1,765,745
Reverse repurchase agreements (12) 301,701 + 12,838 + 65,022 302,626
Foreign official and international accounts 294,324 + 12,780 + 58,095 301,201
Others 7,377 + 58 + 6,927 1,425
Treasury cash holdings 158 - 2 - 53 163
Deposits with F.R. Banks, other than reserve balances 214,758 - 11,916 - 180,163 242,001
Term deposits held by depository institutions 0 - 1,668 0 0
U.S. Treasury, General Account 148,740 + 2,783 - 175,024 174,779
Foreign official 5,270 + 14 + 14 5,255
Other (13) 60,749 - 13,044 - 5,152 61,966
Other liabilities and capital (14) 44,145 - 858 + 279 44,247
Total factors, other than reserve balances,
absorbing reserve funds 2,321,471 + 9,171 - 39,793 2,354,781
Reserve balances with Federal Reserve Banks 1,487,555 - 11,125 - 407,455 1,454,454
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 Sep 4, 2019
Sep 4, 2019 Aug 28, 2019 Sep 5, 2018
Securities held in custody for foreign official and
international accounts 3,451,011 - 24,348 + 22,163 3,451,827
Marketable U.S. Treasury securities (1) 3,010,382 - 23,887 - 49,892 3,011,160
Federal agency debt and mortgage-backed securities (2) 359,925 - 84 + 61,367 359,932
Other securities (3) 80,704 - 378 + 10,688 80,735
Securities lent to dealers 28,151 + 1,391 + 10,863 32,250
Overnight facility (4) 28,151 + 1,391 + 10,863 32,250
U.S. Treasury securities 28,151 + 1,391 + 10,863 32,250
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, September 4, 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 27 67 0 0 0 ... 93
U.S. Treasury securities (1)
Holdings 50 78,951 265,484 836,987 295,006 618,685 2,095,164
Weekly changes - 14,624 + 8,348 - 3,000 + 6,002 + 3,294 + 13 + 34
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 9 614 77,602 1,411,381 1,489,605
Weekly changes 0 0 + 2 + 174 + 379 - 554 0
Repurchase agreements (4) 0 0 ... ... ... ... 0
Central bank liquidity swaps (5) 872 0 0 0 0 0 872
Reverse repurchase agreements (4) 302,626 0 ... ... ... ... 302,626
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
Sep 4, 2019
Mortgage-backed securities held outright (1) 1,489,605
Commitments to buy mortgage-backed securities (2) 4,692
Commitments to sell mortgage-backed securities (2) 0
Cash and cash equivalents (3) 6
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 Sep 4, 2019 Wednesday Wednesday
consolidation Aug 28, 2019 Sep 5, 2018
Assets
Gold certificate account 11,037 0 0
Special drawing rights certificate account 5,200 0 0
Coin 1,702 - 20 - 53
Securities, unamortized premiums and discounts,
repurchase agreements, and loans 3,701,836 - 238 - 443,533
Securities held outright (1) 3,587,116 + 34 - 425,501
U.S. Treasury securities 2,095,164 + 34 - 218,038
Bills (2) 3,001 0 + 2,901
Notes and bonds, nominal (2) 1,951,802 0 - 223,800
Notes and bonds, inflation-indexed (2) 116,545 0 + 966
Inflation compensation (3) 23,816 + 34 + 1,895
Federal agency debt securities (2) 2,347 0 - 62
Mortgage-backed securities (4) 1,489,605 0 - 207,401
Unamortized premiums on securities held outright
(5) 127,584 - 221 - 18,684
Unamortized discounts on securities held outright
(5) -12,957 - 34 + 819
Repurchase agreements (6) 0 0 0
Loans 93 - 17 - 168
Net portfolio holdings of Maiden Lane LLC (7) 0 0 - 1,719
Items in process of collection (0) 87 + 38 - 101
Bank premises 2,184 - 7 + 5
Central bank liquidity swaps (8) 872 + 803 + 782
Foreign currency denominated assets (9) 20,767 - 101 - 267
Other assets (10) 17,823 + 1,087 - 2,101
Total assets (0) 3,761,508 + 1,562 - 446,988
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 Sep 4, 2019 Wednesday Wednesday
consolidation Aug 28, 2019 Sep 5, 2018
Liabilities
Federal Reserve notes, net of F.R. Bank holdings 1,717,581 + 10,786 + 76,736
Reverse repurchase agreements (11) 302,626 + 15,906 + 72,974
Deposits (0) 1,696,454 - 24,691 - 596,826
Term deposits held by depository institutions 0 - 1,668 0
Other deposits held by depository institutions 1,454,454 - 49,790 - 443,447
U.S. Treasury, General Account 174,779 + 24,633 - 149,658
Foreign official 5,255 - 2 - 1
Other (12) (0) 61,966 + 2,135 - 3,720
Deferred availability cash items (0) 600 + 232 - 89
Other liabilities and accrued dividends (13) 4,997 - 622 - 51
Total liabilities (0) 3,722,258 + 1,611 - 447,256
Capital accounts
Capital paid in 32,425 - 49 + 268
Surplus 6,825 0 0
Other capital accounts 0 0 0
Total capital 39,250 - 49 + 268
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, September 4, 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 1,702 43 51 153 108 216 177 277 34 46 112 198 287
Securities, unamortized premiums and
discounts, repurchase agreements,
and loans 3,701,836 76,797 2,019,563 89,644 108,304 226,533 253,106 194,311 53,226 32,087 54,893 160,737 432,637
Securities held outright (1) 3,587,116 74,419 1,957,026 86,868 104,950 219,519 245,262 188,293 51,556 31,040 53,191 155,757 419,236
U.S. Treasury securities 2,095,164 43,467 1,143,060 50,738 61,299 128,217 143,253 109,978 30,113 18,130 31,068 90,974 244,868
Bills (2) 3,001 62 1,637 73 88 184 205 158 43 26 44 130 351
Notes and bonds (3) 2,092,163 43,404 1,141,423 50,665 61,211 128,033 143,048 109,820 30,070 18,104 31,023 90,844 244,517
Federal agency debt securities (2) 2,347 49 1,280 57 69 144 160 123 34 20 35 102 274
Mortgage-backed securities (4) 1,489,605 30,904 812,685 36,073 43,582 91,159 101,849 78,191 21,410 12,890 22,088 64,680 174,094
Unamortized premiums on securities held
outright (5) 127,584 2,647 69,606 3,090 3,733 7,808 8,723 6,697 1,834 1,104 1,892 5,540 14,911
Unamortized discounts on securities
held outright (5) -12,957 -269 -7,069 -314 -379 -793 -886 -680 -186 -112 -192 -563 -1,514
Repurchase agreements (6) 0 0 0 0 0 0 0 0 0 0 0 0 0
Loans 93 0 0 0 0 0 6 1 22 55 2 3 4
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 87 0 0 0 0 0 86 0 0 1 0 0 0
Bank premises 2,184 106 456 81 116 191 205 191 103 94 228 222 190
Central bank liquidity swaps (8) 872 38 277 50 70 186 51 36 13 4 8 11 128
Foreign currency denominated
assets (9) 20,767 894 6,592 1,200 1,658 4,428 1,208 867 317 99 201 257 3,048
Other assets (10) 17,823 384 9,245 425 527 1,302 1,197 904 468 214 331 779 2,047
Interdistrict settlement account 0 + 9,463 - 251,978 - 7,238 + 9,555 + 25,136 + 48,514 + 29,564 + 10,495 + 7,949 + 8,521 + 32,994 + 77,023
Total assets 3,761,508 88,272 1,789,730 84,853 121,105 259,158 306,757 227,285 65,133 40,770 64,740 196,369 517,334
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, September 4, 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 1,913,501 57,482 635,580 55,059 90,801 131,460 265,448 124,488 56,218 31,271 50,335 159,277 256,082
Less: Notes held by F.R. Banks 195,920 6,385 46,786 8,902 9,605 15,647 24,976 14,022 6,172 3,348 8,155 20,024 31,897
Federal Reserve notes, net 1,717,581 51,096 588,793 46,156 81,196 115,813 240,472 110,465 50,046 27,923 42,181 139,253 224,185
Reverse repurchase agreements (11) 302,626 6,278 165,104 7,329 8,854 18,520 20,691 15,885 4,350 2,619 4,487 13,140 35,369
Deposits 1,696,454 28,933 1,020,541 29,650 27,599 116,132 42,797 99,118 9,963 9,316 17,523 43,225 251,656
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 1,454,454 28,922 822,868 29,648 27,573 115,547 42,763 55,695 9,960 9,259 17,502 43,067 251,650
U.S. Treasury, General Account 174,779 0 174,779 0 0 0 0 0 0 0 0 0 0
Foreign official 5,255 2 5,228 2 3 9 2 2 1 0 0 0 6
Other (12) 61,966 9 17,666 1 23 577 32 43,421 3 57 21 157 0
Deferred availability cash items 600 0 0 0 0 0 96 0 0 504 0 0 0
Earnings remittances due to the U.S.
Treasury (13) 948 17 524 21 27 31 101 49 22 10 12 52 82
Other liabilities and accrued
dividends 4,049 159 1,553 168 181 491 284 263 139 141 142 210 317
Total liabilities 3,722,258 86,484 1,776,516 83,325 117,858 250,987 304,441 225,780 64,520 40,513 64,346 195,880 511,609
Capital
Capital paid in 32,425 1,494 11,049 1,134 2,703 6,716 1,919 1,220 510 225 328 405 4,723
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 3,761,508 88,272 1,789,730 84,853 121,105 259,158 306,757 227,285 65,133 40,770 64,740 196,369 517,334
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, September 4, 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
Sep 4, 2019
Federal Reserve notes outstanding 1,913,501
Less: Notes held by F.R. Banks not subject to collateralization 195,920
Federal Reserve notes to be collateralized 1,717,581
Collateral held against Federal Reserve notes 1,717,581
Gold certificate account 11,037
Special drawing rights certificate account 5,200
U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 1,701,344
Other assets pledged 0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 3,587,116
Less: Face value of securities under reverse repurchase agreements 279,846
U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,307,270
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