Skip to Content
Release Date: April 25, 2019
Release dates | Data Download Program (DDP) |
About |
Announcements |
Technical Q&As
Current release Other formats:
Screen reader |
ASCII |
PDF
(21 KB)
FEDERAL RESERVE statistical release
H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks April 25, 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 Apr 24, 2019
Federal Reserve Banks Apr 24, 2019 Apr 17, 2019 Apr 25, 2018
Reserve Bank credit 3,892,118 - 4,156 - 451,350 3,889,560
Securities held outright (1) 3,741,832 - 4,742 - 429,924 3,739,284
U.S. Treasury securities 2,153,494 + 38 - 259,673 2,153,544
Bills (2) 0 0 0 0
Notes and bonds, nominal (2) 2,016,474 - 90 - 265,521 2,016,474
Notes and bonds, inflation-indexed (2) 115,144 - 6 + 4,237 115,144
Inflation compensation (3) 21,877 + 135 + 1,612 21,926
Federal agency debt securities (2) 2,347 0 - 2,044 2,347
Mortgage-backed securities (4) 1,585,990 - 4,781 - 168,208 1,583,393
Unamortized premiums on securities held outright (5) 134,680 - 397 - 18,773 134,493
Unamortized discounts on securities held outright (5) -13,009 + 37 + 953 -12,998
Repurchase agreements (6) 0 0 0 0
Loans 23 - 1 - 40 32
Primary credit 7 - 3 - 17 14
Secondary credit 0 0 0 0
Seasonal credit 16 + 3 - 23 18
Other credit extensions 0 0 0 0
Net portfolio holdings of Maiden Lane LLC (7) 0 0 - 1,711 0
Float -142 + 66 + 29 -212
Central bank liquidity swaps (8) 55 0 - 27 55
Other Federal Reserve assets (9) 28,679 + 880 - 1,856 28,906
Foreign currency denominated assets (10) 20,566 - 65 - 1,432 20,527
Gold stock 11,041 0 0 11,041
Special drawing rights certificate account 5,200 0 0 5,200
Treasury currency outstanding (11) 49,928 + 14 + 390 49,928
Total factors supplying reserve funds 3,978,852 - 4,208 - 452,392 3,976,256
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 Apr 24, 2019
Federal Reserve Banks Apr 24, 2019 Apr 17, 2019 Apr 25, 2018
Currency in circulation (11) 1,727,238 + 210 + 85,514 1,728,622
Reverse repurchase agreements (12) 259,016 + 7,157 + 12,882 270,400
Foreign official and international accounts 256,433 + 4,703 + 20,857 260,885
Others 2,583 + 2,454 - 7,975 9,515
Treasury cash holdings 332 0 + 35 332
Deposits with F.R. Banks, other than reserve balances 441,182 + 86,841 - 3,858 458,851
Term deposits held by depository institutions 0 0 0 0
U.S. Treasury, General Account 378,602 + 93,338 + 19,003 398,916
Foreign official 5,275 + 31 + 21 5,244
Other (13) 57,305 - 6,528 - 22,883 54,692
Other liabilities and capital (14) 45,654 + 634 + 195 45,239
Total factors, other than reserve balances,
absorbing reserve funds 2,473,422 + 94,842 + 94,768 2,503,444
Reserve balances with Federal Reserve Banks 1,505,430 - 99,049 - 547,160 1,472,812
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 Apr 24, 2019
Apr 24, 2019 Apr 17, 2019 Apr 25, 2018
Securities held in custody for foreign official and
international accounts 3,452,317 - 15,177 + 40,539 3,453,651
Marketable U.S. Treasury securities (1) 3,046,448 - 15,766 - 12,256 3,049,139
Federal agency debt and mortgage-backed securities (2) 333,883 + 51 + 59,689 332,526
Other securities (3) 71,986 + 537 - 6,894 71,985
Securities lent to dealers 27,062 + 5,118 + 10,134 25,797
Overnight facility (4) 27,062 + 5,118 + 10,134 25,797
U.S. Treasury securities 27,062 + 5,118 + 10,134 25,797
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, April 24, 2019
Millions of dollars
Remaining Maturity Within 15 16 days to 91 days to Over 1 year Over 5 year Over 10 All
days 90 days 1 year to 5 years to 10 years years
Loans 32 0 0 0 0 ... 32
U.S. Treasury securities (1)
Holdings 31,746 82,182 263,735 908,702 262,007 605,171 2,153,544
Weekly changes 0 0 + 1 + 19 + 12,747 - 12,633 + 135
Federal agency debt securities (2)
Holdings 0 0 0 0 0 2,347 2,347
Weekly changes 0 0 0 0 0 0 0
Mortgage-backed securities (3)
Holdings 0 0 10 260 73,627 1,509,496 1,583,393
Weekly changes 0 0 0 0 0 - 4,545 - 4,545
Repurchase agreements (4) 0 0 ... ... ... ... 0
Central bank liquidity swaps (5) 55 0 0 0 0 0 55
Reverse repurchase agreements (4) 270,400 0 ... ... ... ... 270,400
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
Apr 24, 2019
Mortgage-backed securities held outright (1) 1,583,393
Commitments to buy mortgage-backed securities (2) 206
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 Apr 24, 2019 Wednesday Wednesday
consolidation Apr 17, 2019 Apr 25, 2018
Assets
Gold certificate account 11,037 0 0
Special drawing rights certificate account 5,200 0 0
Coin 1,679 - 15 - 136
Securities, unamortized premiums and discounts,
repurchase agreements, and loans 3,860,811 - 4,781 - 440,975
Securities held outright (1) 3,739,284 - 4,410 - 423,292
U.S. Treasury securities 2,153,544 + 135 - 259,674
Bills (2) 0 0 0
Notes and bonds, nominal (2) 2,016,474 0 - 265,521
Notes and bonds, inflation-indexed (2) 115,144 0 + 4,237
Inflation compensation (3) 21,926 + 134 + 1,610
Federal agency debt securities (2) 2,347 0 - 2,044
Mortgage-backed securities (4) 1,583,393 - 4,545 - 161,574
Unamortized premiums on securities held outright
(5) 134,493 - 420 - 18,580
Unamortized discounts on securities held outright
(5) -12,998 + 36 + 952
Repurchase agreements (6) 0 0 0
Loans 32 + 13 - 55
Net portfolio holdings of Maiden Lane LLC (7) 0 0 - 1,714
Items in process of collection (0) 58 - 7 - 15
Bank premises 2,204 + 1 + 3
Central bank liquidity swaps (8) 55 0 - 27
Foreign currency denominated assets (9) 20,527 - 99 - 1,292
Other assets (10) 26,702 + 1,346 - 457
Total assets (0) 3,928,273 - 3,554 - 444,613
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 Apr 24, 2019 Wednesday Wednesday
consolidation Apr 17, 2019 Apr 25, 2018
Liabilities
Federal Reserve notes, net of F.R. Bank holdings 1,680,701 + 532 + 84,873
Reverse repurchase agreements (11) 270,400 + 14,718 + 31,986
Deposits (0) 1,931,663 - 19,460 - 562,058
Term deposits held by depository institutions 0 0 0
Other deposits held by depository institutions 1,472,812 - 51,485 - 538,136
U.S. Treasury, General Account 398,916 + 29,551 - 4,151
Foreign official 5,244 + 1 - 10
Other (12) (0) 54,692 + 2,473 - 19,760
Deferred availability cash items (0) 270 - 46 + 61
Other liabilities and accrued dividends (13) 5,928 + 734 + 467
Total liabilities (0) 3,888,963 - 3,522 - 444,671
Capital accounts
Capital paid in 32,486 - 31 + 733
Surplus 6,825 0 - 675
Other capital accounts 0 0 0
Total capital 39,311 - 31 + 58
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, April 24, 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 1,679 44 39 148 111 217 171 292 26 49 110 186 285
Securities, unamortized premiums and
discounts, repurchase agreements,
and loans 3,860,811 80,096 2,106,328 93,495 112,957 236,266 263,973 202,672 55,490 33,412 57,263 167,640 451,220
Securities held outright (1) 3,739,284 77,576 2,040,044 90,553 109,402 228,831 255,666 196,280 53,743 32,357 55,448 162,364 437,020
U.S. Treasury securities 2,153,544 44,678 1,174,911 52,152 63,007 131,789 147,244 113,042 30,952 18,635 31,934 93,509 251,691
Bills (2) 0 0 0 0 0 0 0 0 0 0 0 0 0
Notes and bonds (3) 2,153,544 44,678 1,174,911 52,152 63,007 131,789 147,244 113,042 30,952 18,635 31,934 93,509 251,691
Federal agency debt securities (2) 2,347 49 1,280 57 69 144 160 123 34 20 35 102 274
Mortgage-backed securities (4) 1,583,393 32,849 863,853 38,344 46,326 96,898 108,261 83,114 22,758 13,701 23,479 68,753 185,056
Unamortized premiums on securities held
outright (5) 134,493 2,790 73,375 3,257 3,935 8,230 9,196 7,060 1,933 1,164 1,994 5,840 15,719
Unamortized discounts on securities
held outright (5) -12,998 -270 -7,091 -315 -380 -795 -889 -682 -187 -112 -193 -564 -1,519
Repurchase agreements (6) 0 0 0 0 0 0 0 0 0 0 0 0 0
Loans 32 0 0 0 0 0 0 14 0 4 14 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 58 0 0 0 0 0 58 0 0 0 0 0 0
Bank premises 2,204 109 459 81 119 194 208 192 105 95 230 221 192
Central bank liquidity swaps (8) 55 2 17 3 4 12 3 2 1 0 1 1 8
Foreign currency denominated
assets (9) 20,527 884 6,515 1,186 1,638 4,376 1,194 857 313 98 199 254 3,013
Other assets (10) 26,702 583 14,071 644 791 1,856 1,814 1,376 454 283 469 1,264 3,097
Interdistrict settlement account 0 + 2,760 - 72,029 + 1,175 + 3,404 - 5,814 + 18,119 - 3,032 + 4,415 + 2,831 + 2,365 + 18,807 + 26,999
Total assets 3,928,273 85,026 2,060,926 97,268 119,793 238,273 287,754 203,494 61,282 37,044 61,081 189,544 486,788
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, April 24, 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 1,875,204 57,524 619,383 54,428 89,580 126,742 259,484 120,803 55,674 31,361 49,868 157,261 253,095
Less: Notes held by F.R. Banks 194,503 6,176 48,653 8,023 9,594 14,814 30,946 13,188 5,593 3,151 7,316 18,349 28,701
Federal Reserve notes, net 1,680,701 51,348 570,730 46,406 79,986 111,928 228,539 107,615 50,081 28,210 42,552 138,913 224,394
Reverse repurchase agreements (11) 270,400 5,610 147,522 6,548 7,911 16,548 18,488 14,194 3,886 2,340 4,010 11,741 31,602
Deposits 1,931,663 26,171 1,327,603 41,826 28,526 100,839 38,008 79,681 6,548 5,929 13,964 38,118 224,451
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 1,472,812 26,159 905,017 41,823 28,494 100,384 37,972 44,504 6,540 5,877 13,943 37,656 224,444
U.S. Treasury, General Account 398,916 0 398,916 0 0 0 0 0 0 0 0 0 0
Foreign official 5,244 2 5,217 2 3 9 2 2 1 0 0 0 6
Other (12) 54,692 10 18,453 1 29 447 34 35,176 8 51 20 462 1
Deferred availability cash items 270 0 0 0 0 0 53 0 0 217 0 0 0
Earnings remittances due to the U.S.
Treasury (13) 1,030 19 578 17 29 33 102 52 20 11 17 61 92
Other liabilities and accrued
dividends 4,898 190 2,004 208 208 544 311 312 131 148 147 224 469
Total liabilities 3,888,963 83,338 2,048,438 95,005 116,660 229,892 285,502 201,854 60,666 36,854 60,689 189,057 481,007
Capital
Capital paid in 32,486 1,394 10,323 1,869 2,587 6,926 1,855 1,355 512 157 326 403 4,779
Surplus 6,825 294 2,166 394 545 1,455 397 285 104 32 66 84 1,002
Other capital 0 0 0 0 0 0 0 0 0 0 0 0 0
Total liabilities and capital 3,928,273 85,026 2,060,926 97,268 119,793 238,273 287,754 203,494 61,282 37,044 61,081 189,544 486,788
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, April 24, 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
Apr 24, 2019
Federal Reserve notes outstanding 1,875,204
Less: Notes held by F.R. Banks not subject to collateralization 194,503
Federal Reserve notes to be collateralized 1,680,701
Collateral held against Federal Reserve notes 1,680,701
Gold certificate account 11,037
Special drawing rights certificate account 5,200
U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 1,664,464
Other assets pledged 0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 3,739,284
Less: Face value of securities under reverse repurchase agreements 267,162
U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,472,122
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