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Release Date: August 29, 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 29, 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 28, 2019
Federal Reserve Banks Aug 28, 2019 Aug 21, 2019 Aug 29, 2018
Reserve Bank credit 3,723,811 - 3,343 - 461,853 3,720,751
Securities held outright (1) 3,589,547 - 3,597 - 439,999 3,587,082
U.S. Treasury securities 2,091,269 + 5,410 - 233,302 2,095,130
Bills (2) 3,001 0 + 2,901 3,001
Notes and bonds, nominal (2) 1,947,943 + 5,403 - 240,063 1,951,802
Notes and bonds, inflation-indexed (2) 116,545 0 + 1,953 116,545
Inflation compensation (3) 23,779 + 6 + 1,906 23,782
Federal agency debt securities (2) 2,347 0 - 62 2,347
Mortgage-backed securities (4) 1,495,931 - 9,007 - 206,635 1,489,605
Unamortized premiums on securities held outright (5) 127,989 - 487 - 18,795 127,805
Unamortized discounts on securities held outright (5) -13,003 + 51 + 793 -12,923
Repurchase agreements (6) 0 0 0 0
Loans 140 + 8 - 153 110
Primary credit 35 + 1 + 11 5
Secondary credit 0 0 0 0
Seasonal credit 105 + 7 - 165 106
Other credit extensions 0 0 0 0
Net portfolio holdings of Maiden Lane LLC (7) 0 0 - 1,720 0
Float -173 - 52 + 43 -319
Central bank liquidity swaps (8) 69 + 26 - 23 69
Other Federal Reserve assets (9) 19,243 + 709 - 1,999 18,927
Foreign currency denominated assets (10) 20,917 + 78 - 168 20,868
Gold stock 11,041 0 0 11,041
Special drawing rights certificate account 5,200 0 0 5,200
Treasury currency outstanding (11) 50,042 + 14 + 379 50,042
Total factors supplying reserve funds 3,811,012 - 3,251 - 461,641 3,807,903
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 28, 2019
Federal Reserve Banks Aug 28, 2019 Aug 21, 2019 Aug 29, 2018
Currency in circulation (11) 1,751,632 + 2,385 + 75,324 1,754,962
Reverse repurchase agreements (12) 288,863 - 21,904 + 46,625 286,720
Foreign official and international accounts 281,544 - 17,283 + 42,115 282,465
Others 7,319 - 4,620 + 4,510 4,255
Treasury cash holdings 160 - 11 - 56 157
Deposits with F.R. Banks, other than reserve balances 226,674 + 33,022 - 197,778 216,901
Term deposits held by depository institutions 1,668 + 1,668 - 819 1,668
U.S. Treasury, General Account 145,957 + 20,232 - 196,586 150,146
Foreign official 5,256 0 0 5,257
Other (13) 73,793 + 11,122 - 372 59,831
Other liabilities and capital (14) 45,003 + 622 - 512 44,918
Total factors, other than reserve balances,
absorbing reserve funds 2,312,332 + 14,114 - 76,397 2,303,659
Reserve balances with Federal Reserve Banks 1,498,680 - 17,365 - 385,244 1,504,243
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 28, 2019
Aug 28, 2019 Aug 21, 2019 Aug 29, 2018
Securities held in custody for foreign official and
international accounts 3,475,359 + 4,013 + 46,303 3,466,570
Marketable U.S. Treasury securities (1) 3,034,269 + 831 - 25,600 3,025,316
Federal agency debt and mortgage-backed securities (2) 360,009 + 2,631 + 61,280 359,910
Other securities (3) 81,082 + 552 + 10,624 81,344
Securities lent to dealers 26,760 + 1,365 + 8,768 28,328
Overnight facility (4) 26,760 + 1,365 + 8,768 28,328
U.S. Treasury securities 26,760 + 1,365 + 8,768 28,328
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 28, 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 82 29 0 0 0 ... 110
U.S. Treasury securities (1)
Holdings 14,674 70,603 268,484 830,985 291,712 618,672 2,095,130
Weekly changes 0 0 0 + 4,103 + 2,104 + 2 + 6,210
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 7 440 77,223 1,411,935 1,489,605
Weekly changes 0 0 - 1 - 12 - 1,097 - 9,954 - 11,065
Repurchase agreements (4) 0 0 ... ... ... ... 0
Central bank liquidity swaps (5) 69 0 0 0 0 0 69
Reverse repurchase agreements (4) 286,720 0 ... ... ... ... 286,720
Term deposits 1,668 0 0 ... ... ... 1,668
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 28, 2019
Mortgage-backed securities held outright (1) 1,489,605
Commitments to buy mortgage-backed securities (2) 3,162
Commitments to sell mortgage-backed securities (2) 0
Cash and cash equivalents (3) 8
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 28, 2019 Wednesday Wednesday
consolidation Aug 21, 2019 Aug 29, 2018
Assets
Gold certificate account 11,037 0 0
Special drawing rights certificate account 5,200 0 0
Coin 1,722 - 2 - 46
Securities, unamortized premiums and discounts,
repurchase agreements, and loans 3,702,074 - 5,239 - 454,984
Securities held outright (1) 3,587,082 - 4,855 - 436,922
U.S. Treasury securities 2,095,130 + 6,210 - 229,459
Bills (2) 3,001 0 + 2,901
Notes and bonds, nominal (2) 1,951,802 + 6,203 - 236,204
Notes and bonds, inflation-indexed (2) 116,545 0 + 1,953
Inflation compensation (3) 23,782 + 7 + 1,891
Federal agency debt securities (2) 2,347 0 - 62
Mortgage-backed securities (4) 1,489,605 - 11,065 - 207,401
Unamortized premiums on securities held outright
(5) 127,805 - 438 - 18,723
Unamortized discounts on securities held outright
(5) -12,923 + 123 + 862
Repurchase agreements (6) 0 0 0
Loans 110 - 69 - 201
Net portfolio holdings of Maiden Lane LLC (7) 0 0 - 1,718
Items in process of collection (0) 49 - 4 - 27
Bank premises 2,191 0 + 8
Central bank liquidity swaps (8) 69 + 26 - 23
Foreign currency denominated assets (9) 20,868 + 39 - 230
Other assets (10) 16,736 + 259 - 1,949
Total assets (0) 3,759,946 - 4,920 - 458,968
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 28, 2019 Wednesday Wednesday
consolidation Aug 21, 2019 Aug 29, 2018
Liabilities
Federal Reserve notes, net of F.R. Bank holdings 1,706,795 + 3,679 + 73,526
Reverse repurchase agreements (11) 286,720 - 14,498 + 54,288
Deposits (0) 1,721,145 + 4,859 - 586,612
Term deposits held by depository institutions 1,668 + 1,668 - 819
Other deposits held by depository institutions 1,504,244 - 13,576 - 376,263
U.S. Treasury, General Account 150,146 + 18,699 - 195,109
Foreign official 5,257 + 1 0
Other (12) (0) 59,831 - 1,932 - 14,420
Deferred availability cash items (0) 368 + 161 - 206
Other liabilities and accrued dividends (13) 5,619 + 875 - 237
Total liabilities (0) 3,720,647 - 4,925 - 459,241
Capital accounts
Capital paid in 32,474 + 5 + 272
Surplus 6,825 0 0
Other capital accounts 0 0 0
Total capital 39,299 + 5 + 272
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 28, 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 1,722 43 50 152 111 219 184 280 35 47 114 199 289
Securities, unamortized premiums and
discounts, repurchase agreements,
and loans 3,702,074 76,802 2,019,684 89,649 108,313 226,547 253,126 194,321 53,230 32,097 54,896 160,747 432,663
Securities held outright (1) 3,587,082 74,418 1,957,007 86,867 104,949 219,517 245,260 188,291 51,556 31,040 53,191 155,755 419,232
U.S. Treasury securities 2,095,130 43,466 1,143,042 50,737 61,298 128,214 143,250 109,976 30,113 18,130 31,067 90,973 244,864
Bills (2) 3,001 62 1,637 73 88 184 205 158 43 26 44 130 351
Notes and bonds (3) 2,092,129 43,404 1,141,404 50,664 61,210 128,031 143,045 109,819 30,069 18,104 31,023 90,843 244,513
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) 127,805 2,651 69,727 3,095 3,739 7,821 8,738 6,709 1,837 1,106 1,895 5,549 14,937
Unamortized discounts on securities
held outright (5) -12,923 -268 -7,051 -313 -378 -791 -884 -678 -186 -112 -192 -561 -1,510
Repurchase agreements (6) 0 0 0 0 0 0 0 0 0 0 0 0 0
Loans 110 0 1 0 3 0 11 0 23 63 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 49 0 0 0 0 0 49 0 0 0 0 0 0
Bank premises 2,191 108 458 82 117 191 205 192 103 94 229 222 191
Central bank liquidity swaps (8) 69 3 22 4 5 15 4 3 1 0 1 1 10
Foreign currency denominated
assets (9) 20,868 899 6,623 1,206 1,666 4,449 1,213 871 318 99 202 258 3,063
Other assets (10) 16,736 361 8,623 399 490 1,215 1,120 847 430 190 313 831 1,918
Interdistrict settlement account 0 + 9,195 - 220,371 - 9,258 + 12,458 + 15,735 + 41,908 + 25,493 + 8,606 + 7,043 + 6,161 + 28,411 + 74,619
Total assets 3,759,946 87,957 1,820,614 82,770 123,929 249,537 300,022 223,142 63,201 39,847 62,360 191,841 514,727
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 28, 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 1,911,010 57,513 634,175 54,996 90,841 131,533 264,113 124,551 56,247 31,286 50,271 159,303 256,184
Less: Notes held by F.R. Banks 204,215 6,424 48,317 9,036 10,022 16,448 28,231 14,206 6,229 3,456 8,201 20,616 33,030
Federal Reserve notes, net 1,706,795 51,089 585,858 45,960 80,819 115,085 235,882 110,344 50,018 27,830 42,070 138,687 223,154
Reverse repurchase agreements (11) 286,720 5,948 156,426 6,943 8,389 17,546 19,604 15,050 4,121 2,481 4,252 12,450 33,510
Deposits 1,721,145 28,935 1,062,718 28,129 31,245 108,133 41,770 95,891 8,312 8,811 15,476 39,943 251,783
Term deposits held by depository
institutions 1,668 50 606 250 2 0 100 410 0 0 0 0 250
Other deposits held by depository
institutions 1,504,244 28,870 889,442 27,876 31,215 107,688 41,635 53,659 8,308 8,757 15,443 39,824 251,527
U.S. Treasury, General Account 150,146 0 150,146 0 0 0 0 0 0 0 0 0 0
Foreign official 5,257 2 5,229 2 3 9 2 2 1 0 0 0 6
Other (12) 59,831 13 17,294 1 25 436 33 41,820 3 54 32 118 0
Deferred availability cash items 368 0 0 0 0 0 56 0 0 312 0 0 0
Earnings remittances due to the U.S.
Treasury (13) 884 19 481 24 31 51 83 37 9 8 14 48 80
Other liabilities and accrued
dividends 4,735 178 1,916 186 197 551 310 315 128 148 155 225 426
Total liabilities 3,720,647 86,169 1,807,399 81,242 120,681 241,366 297,705 221,637 62,587 39,590 61,966 191,352 508,953
Capital
Capital paid in 32,474 1,494 11,049 1,133 2,703 6,716 1,920 1,220 510 225 328 404 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 3,759,946 87,957 1,820,614 82,770 123,929 249,537 300,022 223,142 63,201 39,847 62,360 191,841 514,727
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 28, 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 28, 2019
Federal Reserve notes outstanding 1,911,010
Less: Notes held by F.R. Banks not subject to collateralization 204,215
Federal Reserve notes to be collateralized 1,706,795
Collateral held against Federal Reserve notes 1,706,795
Gold certificate account 11,037
Special drawing rights certificate account 5,200
U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 1,690,558
Other assets pledged 0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 3,587,082
Less: Face value of securities under reverse repurchase agreements 267,676
U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,319,406
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