Skip to Content
Release Date: December 26, 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 December 26, 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 Dec 25, 2019
Federal Reserve Banks Dec 25, 2019 Dec 18, 2019 Dec 26, 2018
Reserve Bank credit 4,120,362 + 32,769 + 76,380 4,126,954
Securities held outright (1) 3,744,909 + 29,001 - 141,699 3,751,189
U.S. Treasury securities 2,321,676 + 34,429 + 80,978 2,328,862
Bills (2) 164,167 + 27,861 + 164,167 169,525
Notes and bonds, nominal (2) 2,006,161 + 6,490 - 95,635 2,007,961
Notes and bonds, inflation-indexed (2) 125,973 0 + 9,428 125,973
Inflation compensation (3) 25,376 + 79 + 3,019 25,403
Federal agency debt securities (2) 2,347 0 - 62 2,347
Mortgage-backed securities (4) 1,420,886 - 5,428 - 222,615 1,419,980
Unamortized premiums on securities held outright (5) 125,170 - 402 - 15,355 125,080
Unamortized discounts on securities held outright (5) -13,316 - 166 + 143 -13,316
Repurchase agreements (6) 235,212 - 80 + 235,212 234,969
Loans 14 - 10 - 88 13
Primary credit 2 - 13 - 36 1
Secondary credit 0 0 0 0
Seasonal credit 11 + 2 - 53 12
Other credit extensions 0 0 0 0
Net portfolio holdings of Maiden Lane LLC (7) 0 0 0 0
Float -110 - 4 + 128 -64
Central bank liquidity swaps (8) 3,729 + 3,650 - 478 3,729
Other Federal Reserve assets (9) 24,753 + 779 - 1,483 25,353
Foreign currency denominated assets (10) 20,575 - 43 - 272 20,571
Gold stock 11,041 0 0 11,041
Special drawing rights certificate account 5,200 0 0 5,200
Treasury currency outstanding (11) 50,124 + 14 + 366 50,124
Total factors supplying reserve funds 4,207,302 + 32,739 + 76,474 4,213,891
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 Dec 25, 2019
Federal Reserve Banks Dec 25, 2019 Dec 18, 2019 Dec 26, 2018
Currency in circulation (11) 1,799,163 + 6,297 + 86,739 1,802,362
Reverse repurchase agreements (12) 258,723 - 988 + 6,780 253,490
Foreign official and international accounts 249,497 - 7,912 + 5,106 249,067
Others 9,227 + 6,925 + 1,675 4,423
Treasury cash holdings 171 - 4 - 35 171
Deposits with F.R. Banks, other than reserve balances 452,621 + 36,421 - 7,471 464,342
Term deposits held by depository institutions 0 0 0 0
U.S. Treasury, General Account 367,820 + 35,228 - 6,265 351,934
Foreign official 5,182 0 - 197 5,182
Other (13) 79,619 + 1,193 - 1,009 107,226
Other liabilities and capital (14) 44,696 - 667 - 244 45,287
Total factors, other than reserve balances,
absorbing reserve funds 2,555,375 + 41,061 + 85,770 2,565,653
Reserve balances with Federal Reserve Banks 1,651,927 - 8,322 - 9,296 1,648,238
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 Dec 25, 2019
Dec 25, 2019 Dec 18, 2019 Dec 26, 2018
Securities held in custody for foreign official and
international accounts 3,409,201 + 3,769 + 12,293 3,407,159
Marketable U.S. Treasury securities (1) 2,964,044 + 7,430 - 59,123 2,962,826
Federal agency debt and mortgage-backed securities (2) 362,049 - 3,408 + 54,485 361,256
Other securities (3) 83,109 - 251 + 16,932 83,077
Securities lent to dealers 33,051 + 2,282 + 10,338 36,565
Overnight facility (4) 33,051 + 2,282 + 10,338 36,565
U.S. Treasury securities 33,051 + 2,282 + 10,338 36,565
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, December 25, 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 13 0 0 0 0 ... 13
U.S. Treasury securities (1)
Holdings 18,371 114,373 345,124 888,264 322,208 640,522 2,328,862
Weekly changes - 3,808 + 9,907 + 16,408 + 5,612 + 36 + 29 + 28,184
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 1 14 1,175 75,162 1,343,629 1,419,980
Weekly changes 0 0 0 0 - 1 - 2,454 - 2,456
Repurchase agreements (4) 159,969 75,000 ... ... ... ... 234,969
Central bank liquidity swaps (5) 1 3,728 0 0 0 0 3,729
Reverse repurchase agreements (4) 253,490 0 ... ... ... ... 253,490
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
Dec 25, 2019
Mortgage-backed securities held outright (1) 1,419,980
Commitments to buy mortgage-backed securities (2) 4,129
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 Dec 25, 2019 Wednesday Wednesday
consolidation Dec 18, 2019 Dec 26, 2018
Assets
Gold certificate account 11,037 0 0
Special drawing rights certificate account 5,200 0 0
Coin 1,661 - 12 - 65
Securities, unamortized premiums and discounts,
repurchase agreements, and loans 4,097,936 + 23,603 + 90,801
Securities held outright (1) 3,751,189 + 25,728 - 129,060
U.S. Treasury securities 2,328,862 + 28,184 + 88,145
Bills (2) 169,525 + 22,503 + 169,525
Notes and bonds, nominal (2) 2,007,961 + 5,603 - 93,835
Notes and bonds, inflation-indexed (2) 125,973 0 + 9,428
Inflation compensation (3) 25,403 + 78 + 3,027
Federal agency debt securities (2) 2,347 0 - 62
Mortgage-backed securities (4) 1,419,980 - 2,456 - 217,143
Unamortized premiums on securities held outright
(5) 125,080 - 318 - 15,177
Unamortized discounts on securities held outright
(5) -13,316 - 79 + 132
Repurchase agreements (6) 234,969 - 1,693 + 234,969
Loans 13 - 35 - 64
Net portfolio holdings of Maiden Lane LLC (7) 0 0 0
Items in process of collection (0) 103 + 49 - 136
Bank premises 2,207 + 12 + 1
Central bank liquidity swaps (8) 3,729 + 3,650 - 478
Foreign currency denominated assets (9) 20,571 - 16 - 303
Other assets (10) 23,146 + 1,251 + 135
Total assets (0) 4,165,591 + 28,539 + 89,955
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 Dec 25, 2019 Wednesday Wednesday
consolidation Dec 18, 2019 Dec 26, 2018
Liabilities
Federal Reserve notes, net of F.R. Bank holdings 1,754,066 + 6,332 + 85,860
Reverse repurchase agreements (11) 253,490 - 10,491 + 8,670
Deposits (0) 2,112,580 + 31,892 - 5,140
Term deposits held by depository institutions 0 0 0
Other deposits held by depository institutions 1,648,238 + 16,790 - 12,694
U.S. Treasury, General Account 351,934 - 26,639 - 16,302
Foreign official 5,182 0 - 1,009
Other (12) (0) 107,226 + 41,741 + 24,865
Deferred availability cash items (0) 167 + 19 - 284
Other liabilities and accrued dividends (13) 6,765 + 780 + 1,485
Total liabilities (0) 4,127,069 + 28,534 + 90,593
Capital accounts
Capital paid in 31,697 + 5 - 638
Surplus 6,825 0 0
Other capital accounts 0 0 0
Total capital 38,522 + 5 - 638
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, December 25, 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 1,661 39 43 146 100 221 171 276 31 47 113 192 282
Securities, unamortized premiums and
discounts, repurchase agreements,
and loans 4,097,936 85,016 2,235,707 99,238 119,895 250,778 280,188 215,106 58,899 35,470 60,766 177,937 478,935
Securities held outright (1) 3,751,189 77,823 2,046,539 90,841 109,750 229,559 256,480 196,905 53,914 32,460 55,624 162,881 438,412
U.S. Treasury securities 2,328,862 48,315 1,270,559 56,397 68,137 142,518 159,231 122,245 33,472 20,152 34,533 101,122 272,181
Bills (2) 169,525 3,517 92,488 4,105 4,960 10,374 11,591 8,899 2,437 1,467 2,514 7,361 19,813
Notes and bonds (3) 2,159,337 44,798 1,178,071 52,292 63,177 132,144 147,640 113,347 31,035 18,685 32,019 93,761 252,368
Federal agency debt securities (2) 2,347 49 1,280 57 69 144 160 123 34 20 35 102 274
Mortgage-backed securities (4) 1,419,980 29,459 774,700 34,387 41,545 86,898 97,088 74,537 20,409 12,287 21,056 61,657 165,957
Unamortized premiums on securities held
outright (5) 125,080 2,595 68,240 3,029 3,660 7,654 8,552 6,566 1,798 1,082 1,855 5,431 14,618
Unamortized discounts on securities
held outright (5) -13,316 -276 -7,265 -322 -390 -815 -910 -699 -191 -115 -197 -578 -1,556
Repurchase agreements (6) 234,969 4,875 128,192 5,690 6,875 14,379 16,066 12,334 3,377 2,033 3,484 10,203 27,461
Loans 13 0 0 1 0 0 1 1 1 10 1 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 103 0 0 0 0 0 103 0 0 0 0 0 0
Bank premises 2,207 107 465 90 116 192 203 194 102 93 228 225 193
Central bank liquidity swaps (8) 3,729 161 1,183 215 298 795 217 156 57 18 36 46 548
Foreign currency denominated
assets (9) 20,571 886 6,529 1,188 1,642 4,386 1,196 859 314 98 199 254 3,020
Other assets (10) 23,146 495 12,140 555 683 1,636 1,564 1,183 391 244 417 1,172 2,667
Interdistrict settlement account 0 + 6,789 - 109,722 - 15,729 + 15,301 + 22,759 + 20,194 + 16,082 + 8,844 + 5,008 + 6,091 + 16,706 + 7,677
Total assets 4,165,591 94,040 2,151,870 86,241 138,803 281,932 306,051 234,992 69,115 41,252 68,296 197,703 495,295
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, December 25, 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 1,957,034 60,926 639,685 57,703 94,193 134,183 273,247 126,776 59,630 31,984 54,198 164,310 260,199
Less: Notes held by F.R. Banks 202,968 5,875 53,168 8,225 8,678 16,003 30,394 12,160 4,979 2,988 6,903 19,208 34,388
Federal Reserve notes, net 1,754,066 55,051 586,517 49,478 85,516 118,180 242,853 114,616 54,652 28,996 47,295 145,101 225,812
Reverse repurchase agreements (11) 253,490 5,259 138,297 6,139 7,416 15,513 17,332 13,306 3,643 2,194 3,759 11,007 29,626
Deposits 2,112,580 31,708 1,411,292 28,848 42,347 139,387 43,301 105,156 10,029 9,530 16,655 40,792 233,535
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 1,648,238 31,696 992,838 28,846 42,298 139,251 43,264 59,710 10,021 9,437 16,624 40,725 233,529
U.S. Treasury, General Account 351,934 0 351,934 0 0 0 0 0 0 0 0 0 0
Foreign official 5,182 2 5,155 2 3 9 2 2 1 0 0 0 6
Other (12) 107,226 11 61,366 0 46 128 35 45,444 7 92 31 66 1
Deferred availability cash items 167 0 0 0 0 0 85 0 0 82 0 0 0
Earnings remittances due to the U.S.
Treasury (13) 2,604 46 1,477 61 68 120 213 121 31 17 39 131 278
Other liabilities and accrued
dividends 4,161 176 1,468 181 203 586 298 277 137 153 148 211 322
Total liabilities 4,127,069 92,241 2,139,052 84,706 135,550 273,786 304,082 233,476 68,492 40,972 67,896 197,242 489,573
Capital
Capital paid in 31,697 1,505 10,653 1,141 2,709 6,690 1,572 1,231 520 248 334 376 4,720
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 4,165,591 94,040 2,151,870 86,241 138,803 281,932 306,051 234,992 69,115 41,252 68,296 197,703 495,295
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, December 25, 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
Dec 25, 2019
Federal Reserve notes outstanding 1,957,034
Less: Notes held by F.R. Banks not subject to collateralization 202,968
Federal Reserve notes to be collateralized 1,754,066
Collateral held against Federal Reserve notes 1,754,066
Gold certificate account 11,037
Special drawing rights certificate account 5,200
U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 1,737,829
Other assets pledged 0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 3,986,158
Less: Face value of securities under reverse repurchase agreements 246,738
U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,739,421
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