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Release Date: August 08, 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 8, 2019
1. Factors Affecting Reserve Balances of Depository Institutions
Millions of dollars
Reserve Bank credit, related items, and Averages of daily figures Wednesday
reserve balances of depository institutions at Week ended Change from week ended Aug 7, 2019
Federal Reserve Banks Aug 7, 2019 Jul 31, 2019 Aug 8, 2018
Reserve Bank credit 3,741,539 - 10,059 - 476,116 3,742,331
Securities held outright (1) 3,594,826 - 11,508 - 454,035 3,594,828
U.S. Treasury securities 2,080,703 - 11,509 - 256,204 2,080,704
Bills (2) 2 0 + 2 0
Notes and bonds, nominal (2) 1,940,396 - 12,014 - 260,193 1,940,396
Notes and bonds, inflation-indexed (2) 116,545 + 477 + 1,953 116,545
Inflation compensation (3) 23,761 + 30 + 2,035 23,763
Federal agency debt securities (2) 2,347 0 - 62 2,347
Mortgage-backed securities (4) 1,511,775 0 - 197,770 1,511,777
Unamortized premiums on securities held outright (5) 129,117 - 223 - 18,734 129,085
Unamortized discounts on securities held outright (5) -12,745 + 15 + 1,070 -12,735
Repurchase agreements (6) 0 0 0 0
Loans 107 - 22 - 121 102
Primary credit 1 - 1 - 2 3
Secondary credit 0 0 0 0
Seasonal credit 107 - 19 - 117 99
Other credit extensions 0 0 0 0
Net portfolio holdings of Maiden Lane LLC (7) 0 0 - 1,717 0
Float -152 + 188 + 43 -164
Central bank liquidity swaps (8) 27 + 16 - 73 30
Other Federal Reserve assets (9) 30,358 + 1,474 - 2,550 31,185
Foreign currency denominated assets (10) 20,888 + 189 - 154 21,054
Gold stock 11,041 0 0 11,041
Special drawing rights certificate account 5,200 0 0 5,200
Treasury currency outstanding (11) 50,000 + 14 + 349 50,000
Total factors supplying reserve funds 3,828,669 - 9,856 - 475,920 3,829,626
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.
1. Factors Affecting Reserve Balances of Depository Institutions (continued)
Millions of dollars
Reserve Bank credit, related items, and Averages of daily figures Wednesday
reserve balances of depository institutions at Week ended Change from week ended Aug 7, 2019
Federal Reserve Banks Aug 7, 2019 Jul 31, 2019 Aug 8, 2018
Currency in circulation (11) 1,748,091 + 2,372 + 78,721 1,749,273
Reverse repurchase agreements (12) 299,056 + 8,988 + 62,239 284,134
Foreign official and international accounts 295,262 + 9,009 + 60,291 280,512
Others 3,794 - 21 + 1,947 3,622
Treasury cash holdings 175 + 1 - 40 167
Deposits with F.R. Banks, other than reserve balances 197,707 - 25,454 - 204,750 199,910
Term deposits held by depository institutions 0 0 0 0
U.S. Treasury, General Account 131,704 - 32,059 - 194,767 133,077
Foreign official 5,256 + 1 - 2 5,255
Other (13) 60,748 + 6,605 - 9,980 61,577
Other liabilities and capital (14) 44,396 - 483 + 55 44,522
Total factors, other than reserve balances,
absorbing reserve funds 2,289,424 - 14,577 - 63,776 2,278,006
Reserve balances with Federal Reserve Banks 1,539,244 + 4,721 - 412,145 1,551,621
Note: Components may not sum to totals because of rounding.
1. Includes securities lent to dealers under the overnight securities lending facility; refer to table
1A.
2. Face value of the securities.
3. Compensation that adjusts for the effect of inflation on the original face value of
inflation-indexed securities.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the
remaining principal balance of the securities.
5. Reflects the premium or discount, which is the difference between the purchase price and the face
value of the securities that has not been amortized. For U.S. Treasury securities, Federal agency debt
securities, and mortgage-backed securities, amortization is on an effective-interest basis.
6. Cash value of agreements.
7. Refer to the note on consolidation accompanying table 5.
8. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used
when the foreign currency is returned to the foreign central bank. This exchange rate equals the
market exchange rate used when the foreign currency was acquired from the foreign central bank.
9. Includes accrued interest, which represents the daily accumulation of interest earned, and other
accounts receivable. Also, includes Reserve Bank premises and equipment net of allowances for
depreciation.
10. Revalued daily at current foreign currency exchange rates.
11. Estimated.
12. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt
securities, and mortgage-backed securities.
13. Includes deposits held at the Reserve Banks by international and multilateral organizations,
government-sponsored enterprises, designated financial market utilities, and deposits held by depository
institutions in joint accounts in connection with their participation in certain private-sector payment
arrangements. Also includes certain deposit accounts other than the U.S. Treasury, General Account,
for services provided by the Reserve Banks as fiscal agents of the United States.
14. Includes the liability for earnings remittances due to the U.S. Treasury.
Sources: Federal Reserve Banks and the U.S. Department of the Treasury.
1A. Memorandum Items
Millions of dollars
Memorandum item Averages of daily figures Wednesday
Week ended Change from week ended Aug 7, 2019
Aug 7, 2019 Jul 31, 2019 Aug 8, 2018
Securities held in custody for foreign official and
international accounts 3,473,587 + 10,728 + 31,371 3,465,043
Marketable U.S. Treasury securities (1) 3,035,212 + 10,497 - 33,392 3,026,691
Federal agency debt and mortgage-backed securities (2) 357,485 + 115 + 57,105 357,330
Other securities (3) 80,890 + 116 + 7,658 81,022
Securities lent to dealers 26,092 - 471 + 7,484 28,168
Overnight facility (4) 26,092 - 471 + 7,484 28,168
U.S. Treasury securities 26,092 - 471 + 7,484 28,168
Federal agency debt securities 0 0 0 0
Note: Components may not sum to totals because of rounding.
1. Includes securities and U.S. Treasury STRIPS at face value, and inflation compensation on TIPS.
Does not include securities pledged as collateral to foreign official and international account holders
against reverse repurchase agreements with the Federal Reserve presented in tables 1, 4, and 5.
2. Face value of federal agency securities and current face value of mortgage-backed securities, which
is the remaining principal balance of the securities.
3. Includes non-marketable U.S. Treasury securities, supranationals, corporate bonds, asset-backed
securities, and commercial paper at face value.
4. Face value. Fully collateralized by U.S. Treasury securities.
2. Maturity Distribution of Securities, Loans, and Selected Other Assets and Liabilities, August 7, 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 30 72 0 0 0 ... 102
U.S. Treasury securities (1)
Holdings 54,814 43,341 251,235 853,063 265,731 612,519 2,080,704
Weekly changes - 3 + 15,682 - 5,579 - 10,103 + 3 + 3 + 4
Federal agency debt securities (2)
Holdings 0 0 0 0 486 1,861 2,347
Weekly changes 0 0 0 0 0 0 0
Mortgage-backed securities (3)
Holdings 0 0 8 412 78,844 1,432,513 1,511,777
Weekly changes 0 0 + 2 + 85 + 2,221 - 2,306 + 2
Repurchase agreements (4) 0 0 ... ... ... ... 0
Central bank liquidity swaps (5) 30 0 0 0 0 0 30
Reverse repurchase agreements (4) 284,134 0 ... ... ... ... 284,134
Term deposits 0 0 0 ... ... ... 0
Note: Components may not sum to totals because of rounding.
...Not applicable.
1. Face value. For inflation-indexed securities, includes the original face value and compensation
that adjusts for the effect of inflation on the original face value of such securities.
2. Face value.
3. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the
remaining principal balance of the securities.
4. Cash value of agreements.
5. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used
when the foreign currency is returned to the foreign central bank. This exchange rate equals the
market exchange rate used when the foreign currency was acquired from the foreign central bank.
3. Supplemental Information on Mortgage-Backed Securities
Millions of dollars
Account name Wednesday
Aug 7, 2019
Mortgage-backed securities held outright (1) 1,511,777
Commitments to buy mortgage-backed securities (2) 3,490
Commitments to sell mortgage-backed securities (2) 0
Cash and cash equivalents (3) 3
1. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the
remaining principal balance of the securities.
2. Current face value. Generally settle within 180 days and include commitments associated with
outright transactions, dollar rolls, and coupon swaps.
3. This amount is included in other Federal Reserve assets in table 1 and in other assets in table 4
and table 5.
4. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of dollars
Assets, liabilities, and capital Eliminations Wednesday Change since
from Aug 7, 2019 Wednesday Wednesday
consolidation Jul 31, 2019 Aug 8, 2018
Assets
Gold certificate account 11,037 0 0
Special drawing rights certificate account 5,200 0 0
Coin 1,699 + 17 - 84
Securities, unamortized premiums and discounts,
repurchase agreements, and loans 3,711,280 - 166 - 471,840
Securities held outright (1) 3,594,828 + 6 - 454,051
U.S. Treasury securities 2,080,704 + 4 - 256,221
Bills (2) 0 - 2 0
Notes and bonds, nominal (2) 1,940,396 0 - 260,193
Notes and bonds, inflation-indexed (2) 116,545 0 + 1,953
Inflation compensation (3) 23,763 + 6 + 2,019
Federal agency debt securities (2) 2,347 0 - 62
Mortgage-backed securities (4) 1,511,777 + 2 - 197,768
Unamortized premiums on securities held outright
(5) 129,085 - 171 - 18,705
Unamortized discounts on securities held outright
(5) -12,735 + 29 + 1,069
Repurchase agreements (6) 0 0 0
Loans 102 - 30 - 153
Net portfolio holdings of Maiden Lane LLC (7) 0 0 - 1,719
Items in process of collection (0) 58 - 10 - 136
Bank premises 2,185 - 10 + 5
Central bank liquidity swaps (8) 30 + 19 - 70
Foreign currency denominated assets (9) 21,054 + 339 + 2
Other assets (10) 29,000 + 2,254 - 2,645
Total assets (0) 3,781,543 + 2,441 - 476,487
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.
4. Consolidated Statement of Condition of All Federal Reserve Banks (continued)
Millions of dollars
Assets, liabilities, and capital Eliminations Wednesday Change since
from Aug 7, 2019 Wednesday Wednesday
consolidation Jul 31, 2019 Aug 8, 2018
Liabilities
Federal Reserve notes, net of F.R. Bank holdings 1,701,134 + 1,524 + 77,215
Reverse repurchase agreements (11) 284,134 - 24,576 + 46,744
Deposits (0) 1,751,531 + 26,215 - 600,673
Term deposits held by depository institutions 0 0 0
Other deposits held by depository institutions 1,551,621 + 61,075 - 414,482
U.S. Treasury, General Account 133,077 - 43,585 - 178,613
Foreign official 5,255 + 1 - 2
Other (12) (0) 61,577 + 8,723 - 7,577
Deferred availability cash items (0) 222 - 664 - 188
Other liabilities and accrued dividends (13) 5,282 - 70 + 78
Total liabilities (0) 3,742,303 + 2,427 - 476,823
Capital accounts
Capital paid in 32,415 + 14 + 336
Surplus 6,825 0 0
Other capital accounts 0 0 0
Total capital 39,240 + 14 + 336
Note: Components may not sum to totals because of rounding.
1. Includes securities lent to dealers under the overnight securities lending facility; refer to table
1A.
2. Face value of the securities.
3. Compensation that adjusts for the effect of inflation on the original face value of
inflation-indexed securities.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the
remaining principal balance of the securities.
5. Reflects the premium or discount, which is the difference between the purchase price and the face
value of the securities that has not been amortized. For U.S. Treasury securities, Federal agency debt
securities, and mortgage-backed securities, amortization is on an effective-interest basis.
6. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.
7. Refer to the note on consolidation accompanying table 5.
8. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used
when the foreign currency is returned to the foreign central bank. This exchange rate equals the
market exchange rate used when the foreign currency was acquired from the foreign central bank.
9. Revalued daily at current foreign currency exchange rates.
10. Includes accrued interest, which represents the daily accumulation of interest earned, and other
accounts receivable.
11. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt
securities, and mortgage-backed securities.
12. Includes deposits held at the Reserve Banks by international and multilateral organizations,
government-sponsored enterprises, designated financial market utilities, and deposits held by depository
institutions in joint accounts in connection with their participation in certain private-sector payment
arrangements. Also includes certain deposit accounts other than the U.S. Treasury, General Account,
for services provided by the Reserve Banks as fiscal agents of the United States.
13. Includes the liability for earnings remittances due to the U.S. Treasury.
5. Statement of Condition of Each Federal Reserve Bank, August 7, 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 1,699 35 47 151 113 216 191 277 31 46 107 200 284
Securities, unamortized premiums and
discounts, repurchase agreements,
and loans 3,711,280 76,994 2,024,710 89,872 108,580 227,111 253,755 194,808 53,353 32,179 55,031 161,148 433,740
Securities held outright (1) 3,594,828 74,579 1,961,233 87,054 105,176 219,991 245,789 188,697 51,667 31,107 53,305 156,092 420,137
U.S. Treasury securities 2,080,704 43,167 1,135,171 50,388 60,876 127,332 142,264 109,219 29,905 18,005 30,853 90,347 243,178
Bills (2) 0 0 0 0 0 0 0 0 0 0 0 0 0
Notes and bonds (3) 2,080,704 43,167 1,135,171 50,388 60,876 127,332 142,264 109,219 29,905 18,005 30,853 90,347 243,178
Federal agency debt securities (2) 2,347 49 1,280 57 69 144 160 123 34 20 35 102 274
Mortgage-backed securities (4) 1,511,777 31,364 824,781 36,610 44,231 92,515 103,365 79,355 21,728 13,082 22,417 65,643 176,686
Unamortized premiums on securities held
outright (5) 129,085 2,678 70,425 3,126 3,777 7,900 8,826 6,776 1,855 1,117 1,914 5,605 15,087
Unamortized discounts on securities
held outright (5) -12,735 -264 -6,948 -308 -373 -779 -871 -668 -183 -110 -189 -553 -1,488
Repurchase agreements (6) 0 0 0 0 0 0 0 0 0 0 0 0 0
Loans 102 1 0 0 0 0 11 3 14 65 0 4 5
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 57 0 0 0 0 0 0
Bank premises 2,185 107 457 81 117 191 205 191 103 94 228 220 190
Central bank liquidity swaps (8) 30 1 10 2 2 6 2 1 0 0 0 0 4
Foreign currency denominated
assets (9) 21,054 907 6,683 1,216 1,681 4,489 1,224 879 321 100 204 260 3,091
Other assets (10) 29,000 621 15,377 698 862 1,992 1,970 1,495 508 320 514 1,283 3,360
Interdistrict settlement account 0 + 6,228 - 197,339 - 6,674 + 14,334 + 2,938 + 35,137 + 25,573 + 8,929 + 4,625 + 5,436 + 28,108 + 72,705
Total assets 3,781,543 85,440 1,855,470 85,883 126,457 238,109 294,756 224,358 63,724 37,641 61,965 192,392 515,349
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.
5. Statement of Condition of Each Federal Reserve Bank, August 7, 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 1,902,855 57,306 630,255 54,805 90,825 131,339 261,011 124,282 56,391 31,358 50,331 158,847 256,104
Less: Notes held by F.R. Banks 201,721 6,125 46,981 8,355 9,835 16,004 30,187 13,559 6,087 3,331 8,107 20,635 32,517
Federal Reserve notes, net 1,701,134 51,181 583,275 46,450 80,990 115,335 230,824 110,723 50,304 28,028 42,224 138,212 223,587
Reverse repurchase agreements (11) 284,134 5,895 155,015 6,881 8,313 17,388 19,427 14,915 4,084 2,459 4,213 12,337 33,208
Deposits 1,751,531 26,394 1,101,744 30,819 33,719 96,665 41,735 96,894 8,569 6,586 14,975 41,087 252,344
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 1,551,621 26,385 946,400 30,816 33,682 96,205 41,699 53,071 8,565 6,534 14,952 40,975 252,337
U.S. Treasury, General Account 133,077 0 133,077 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) 61,577 8 17,038 1 33 452 34 43,822 4 51 23 111 1
Deferred availability cash items 222 0 0 0 0 0 64 0 0 158 0 0 0
Earnings remittances due to the U.S.
Treasury (13) 1,304 28 704 40 47 83 109 59 21 11 18 60 122
Other liabilities and accrued
dividends 3,978 156 1,534 167 176 466 279 262 135 142 141 207 314
Total liabilities 3,742,303 83,655 1,842,271 84,357 123,244 229,938 292,439 222,853 63,114 37,383 61,571 191,903 509,575
Capital
Capital paid in 32,415 1,491 11,033 1,132 2,667 6,716 1,920 1,220 506 225 328 404 4,772
Surplus 6,825 294 2,166 394 545 1,455 397 285 104 32 66 84 1,002
Other capital 0 0 0 0 0 0 0 0 0 0 0 0 0
Total liabilities and capital 3,781,543 85,440 1,855,470 85,883 126,457 238,109 294,756 224,358 63,724 37,641 61,965 192,392 515,349
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.
5. Statement of Condition of Each Federal Reserve Bank, August 7, 2019 (continued)
1. Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.
2. Face value of the securities.
3. Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face value of such securities.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the remaining principal balance of the securities.
5. Reflects the premium or discount, which is the difference between the purchase price and the face value of the securities that has not been amortized. For U.S. Treasury securities, Federal agency
debt securities, and mortgage-backed securities, amortization is on an effective-interest basis.
6. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.
7. Refer to the note on consolidation below.
8. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals
the market exchange rate used when the foreign currency was acquired from the foreign central bank.
9. Revalued daily at current foreign currency exchange rates.
10. Includes accrued interest, which represents the daily accumulation of interest earned, and other accounts receivable.
11. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.
12. Includes deposits held at the Reserve Banks by international and multilateral organizations, government-sponsored enterprises, designated financial market utilities, and deposits held by
depository institutions in joint accounts in connection with their participation in certain private-sector payment arrangements. Also includes certain deposit accounts other than the U.S. Treasury, General
Account, for services provided by the Reserve Banks as fiscal agents of the United States.
13. Represents the estimated weekly remittances due to U.S. Treasury. The amounts on this line represent the residual net earnings that the Federal Reserve Banks remit to the U.S. Treasury after
providing for the costs of operations, payment of dividends, and the amount necessary to maintain a $6.825 billion surplus.
Note on consolidation:
On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended a loan to Maiden Lane LLC (ML) under the authority of section 13(3) of the Federal Reserve Act. ML was formed to
acquire certain assets of Bear Stearns and to manage those assets through time to maximize repayment of the credit extended and minimize disruption to financial markets. On June 14, 2012, the
remaining outstanding balance of the senior loan from FRBNY to ML was repaid in full, with interest. On November 15, 2012, the remaining outstanding balance of the subordinated loan from JPMorgan
Chase & Co. to ML was repaid in full, with interest. FRBNY was the primary beneficiary of ML because it received any residual returns and could have absorbed any residual losses should they
have occurred. Consistent with generally accepted accounting principles, the assets and liabilities of ML were consolidated with the assets and liabilities of FRBNY in the preparation of the
statements of condition shown on this release. As a consequence of the consolidation, the extension of credit from FRBNY to ML was eliminated, the net assets of ML appeared as assets on the
previous page (and in table 1 and table 4), and the liabilities of ML to entities other than FRBNY, including those with recourse only to the ML portfolio holdings, were included in other
liabilities in this table (and table 1 and table 4).
6. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts
Millions of dollars
Federal Reserve notes and collateral Wednesday
Aug 7, 2019
Federal Reserve notes outstanding 1,902,855
Less: Notes held by F.R. Banks not subject to collateralization 201,721
Federal Reserve notes to be collateralized 1,701,134
Collateral held against Federal Reserve notes 1,701,134
Gold certificate account 11,037
Special drawing rights certificate account 5,200
U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 1,684,898
Other assets pledged 0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 3,594,828
Less: Face value of securities under reverse repurchase agreements 273,081
U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,321,747
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