Skip to Content
Release Date: April 18, 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 18, 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 17, 2019
Federal Reserve Banks Apr 17, 2019 Apr 10, 2019 Apr 18, 2018
Reserve Bank credit 3,896,274 - 629 - 452,265 3,892,955
Securities held outright (1) 3,746,574 - 1,916 - 429,939 3,743,694
U.S. Treasury securities 2,153,456 + 62 - 259,641 2,153,409
Bills (2) 0 0 0 0
Notes and bonds, nominal (2) 2,016,564 - 68 - 265,368 2,016,474
Notes and bonds, inflation-indexed (2) 115,150 - 4 + 4,121 115,144
Inflation compensation (3) 21,742 + 134 + 1,606 21,792
Federal agency debt securities (2) 2,347 0 - 2,044 2,347
Mortgage-backed securities (4) 1,590,771 - 1,979 - 168,254 1,587,938
Unamortized premiums on securities held outright (5) 135,077 - 268 - 18,886 134,913
Unamortized discounts on securities held outright (5) -13,046 + 30 + 946 -13,034
Repurchase agreements (6) 0 0 0 0
Loans 24 + 11 - 11 19
Primary credit 10 + 6 + 5 5
Secondary credit 0 0 0 0
Seasonal credit 13 + 4 - 17 15
Other credit extensions 0 0 0 0
Net portfolio holdings of Maiden Lane LLC (7) 0 0 - 1,709 0
Float -208 - 29 - 33 -251
Central bank liquidity swaps (8) 55 0 - 27 55
Other Federal Reserve assets (9) 27,799 + 1,545 - 2,605 27,559
Foreign currency denominated assets (10) 20,631 + 26 - 1,523 20,626
Gold stock 11,041 0 0 11,041
Special drawing rights certificate account 5,200 0 0 5,200
Treasury currency outstanding (11) 49,914 + 14 + 383 49,914
Total factors supplying reserve funds 3,983,060 - 589 - 453,405 3,979,736
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 17, 2019
Federal Reserve Banks Apr 17, 2019 Apr 10, 2019 Apr 18, 2018
Currency in circulation (11) 1,727,028 + 308 + 86,612 1,728,061
Reverse repurchase agreements (12) 251,859 - 1,815 + 11,325 255,682
Foreign official and international accounts 251,730 - 1,360 + 16,324 255,667
Others 129 - 455 - 4,999 15
Treasury cash holdings 332 - 4 + 25 332
Deposits with F.R. Banks, other than reserve balances 354,341 + 31,349 - 13,962 426,827
Term deposits held by depository institutions 0 0 0 0
U.S. Treasury, General Account 285,264 + 22,647 + 10,018 369,365
Foreign official 5,244 + 1 - 10 5,243
Other (13) 63,833 + 8,701 - 23,970 52,219
Other liabilities and capital (14) 45,020 - 316 - 495 44,537
Total factors, other than reserve balances,
absorbing reserve funds 2,378,580 + 29,522 + 83,505 2,455,439
Reserve balances with Federal Reserve Banks 1,604,479 - 30,112 - 536,911 1,524,297
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 17, 2019
Apr 17, 2019 Apr 10, 2019 Apr 18, 2018
Securities held in custody for foreign official and
international accounts 3,467,494 - 3,745 + 30,451 3,457,569
Marketable U.S. Treasury securities (1) 3,062,214 - 11,458 - 20,955 3,051,262
Federal agency debt and mortgage-backed securities (2) 333,832 + 7,009 + 59,580 334,588
Other securities (3) 71,449 + 706 - 8,173 71,719
Securities lent to dealers 21,944 - 4,608 + 4,534 24,200
Overnight facility (4) 21,944 - 4,608 + 4,534 24,200
U.S. Treasury securities 21,944 - 4,608 + 4,534 24,200
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 17, 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 19 0 0 0 0 ... 19
U.S. Treasury securities (1)
Holdings 31,746 82,182 263,734 908,683 249,260 617,804 2,153,409
Weekly changes + 31,566 - 29,559 - 1,917 - 244 + 53 + 66 - 34
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 1,514,041 1,587,938
Weekly changes 0 0 0 - 2 - 384 - 4,587 - 4,974
Repurchase agreements (4) 0 0 ... ... ... ... 0
Central bank liquidity swaps (5) 55 0 0 0 0 0 55
Reverse repurchase agreements (4) 255,682 0 ... ... ... ... 255,682
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 17, 2019
Mortgage-backed securities held outright (1) 1,587,938
Commitments to buy mortgage-backed securities (2) 146
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 17, 2019 Wednesday Wednesday
consolidation Apr 10, 2019 Apr 18, 2018
Assets
Gold certificate account 11,037 0 0
Special drawing rights certificate account 5,200 0 0
Coin 1,694 - 14 - 127
Securities, unamortized premiums and discounts,
repurchase agreements, and loans 3,865,592 - 5,349 - 448,006
Securities held outright (1) 3,743,694 - 5,008 - 430,066
U.S. Treasury securities 2,153,409 - 34 - 259,670
Bills (2) 0 0 0
Notes and bonds, nominal (2) 2,016,474 - 158 - 265,521
Notes and bonds, inflation-indexed (2) 115,144 - 10 + 4,237
Inflation compensation (3) 21,792 + 134 + 1,615
Federal agency debt securities (2) 2,347 0 - 2,044
Mortgage-backed securities (4) 1,587,938 - 4,974 - 168,352
Unamortized premiums on securities held outright
(5) 134,913 - 370 - 18,863
Unamortized discounts on securities held outright
(5) -13,034 + 31 + 947
Repurchase agreements (6) 0 0 0
Loans 19 - 2 - 24
Net portfolio holdings of Maiden Lane LLC (7) 0 0 - 1,710
Items in process of collection (0) 65 + 10 0
Bank premises 2,203 + 1 + 3
Central bank liquidity swaps (8) 55 0 - 27
Foreign currency denominated assets (9) 20,626 - 49 - 1,579
Other assets (10) 25,356 + 444 - 2,630
Total assets (0) 3,931,827 - 4,957 - 454,076
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 17, 2019 Wednesday Wednesday
consolidation Apr 10, 2019 Apr 18, 2018
Liabilities
Federal Reserve notes, net of F.R. Bank holdings 1,680,169 - 321 + 85,353
Reverse repurchase agreements (11) 255,682 - 692 + 7,934
Deposits (0) 1,951,123 - 3,022 - 547,212
Term deposits held by depository institutions 0 0 0
Other deposits held by depository institutions 1,524,297 - 122,263 - 542,862
U.S. Treasury, General Account 369,365 + 123,701 + 18,422
Foreign official 5,243 - 1 - 10
Other (12) (0) 52,219 - 4,457 - 22,760
Deferred availability cash items (0) 316 + 74 - 37
Other liabilities and accrued dividends (13) 5,194 - 997 - 213
Total liabilities (0) 3,892,485 - 4,957 - 454,173
Capital accounts
Capital paid in 32,517 0 + 772
Surplus 6,825 0 - 675
Other capital accounts 0 0 0
Total capital 39,342 0 + 97
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 17, 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 1,694 45 41 150 111 220 173 291 26 48 112 190 286
Securities, unamortized premiums and
discounts, repurchase agreements,
and loans 3,865,592 80,196 2,108,943 93,611 113,097 236,559 264,304 202,922 55,558 33,453 57,320 167,848 451,780
Securities held outright (1) 3,743,694 77,667 2,042,450 90,660 109,531 229,101 255,968 196,512 53,807 32,395 55,513 162,556 437,536
U.S. Treasury securities 2,153,409 44,675 1,174,837 52,148 63,003 131,781 147,235 113,035 30,950 18,634 31,932 93,504 251,675
Bills (2) 0 0 0 0 0 0 0 0 0 0 0 0 0
Notes and bonds (3) 2,153,409 44,675 1,174,837 52,148 63,003 131,781 147,235 113,035 30,950 18,634 31,932 93,504 251,675
Federal agency debt securities (2) 2,347 49 1,280 57 69 144 160 123 34 20 35 102 274
Mortgage-backed securities (4) 1,587,938 32,944 866,332 38,454 46,459 97,176 108,572 83,353 22,823 13,741 23,547 68,950 185,587
Unamortized premiums on securities held
outright (5) 134,913 2,799 73,605 3,267 3,947 8,256 9,224 7,082 1,939 1,167 2,001 5,858 15,768
Unamortized discounts on securities
held outright (5) -13,034 -270 -7,111 -316 -381 -798 -891 -684 -187 -113 -193 -566 -1,523
Repurchase agreements (6) 0 0 0 0 0 0 0 0 0 0 0 0 0
Loans 19 0 0 0 0 0 3 13 0 3 0 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 65 0 0 0 0 0 64 0 0 0 0 0 0
Bank premises 2,203 109 458 81 119 193 208 192 105 95 230 222 192
Central bank liquidity swaps (8) 55 2 17 3 4 12 3 2 1 0 1 1 8
Foreign currency denominated
assets (9) 20,626 888 6,546 1,192 1,646 4,398 1,199 861 314 98 200 255 3,028
Other assets (10) 25,356 554 13,363 612 753 1,776 1,725 1,305 435 263 450 1,175 2,945
Interdistrict settlement account 0 - 692 - 107,441 + 3,129 + 3,800 - 1,041 + 20,607 - 1,045 + 6,558 + 3,712 + 3,938 + 22,873 + 45,602
Total assets 3,931,827 81,650 2,027,454 99,315 120,298 243,283 290,497 205,664 63,477 37,945 62,696 193,735 505,814
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 17, 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 1,872,721 57,544 619,937 54,345 89,570 126,540 259,238 120,873 55,651 31,318 49,651 156,598 251,457
Less: Notes held by F.R. Banks 192,552 6,104 49,080 7,574 9,536 14,458 30,919 12,878 5,334 3,069 7,004 18,020 28,577
Federal Reserve notes, net 1,680,169 51,440 570,857 46,771 80,034 112,081 228,319 107,995 50,317 28,249 42,647 138,578 222,880
Reverse repurchase agreements (11) 255,682 5,304 139,493 6,192 7,481 15,647 17,482 13,421 3,675 2,212 3,791 11,102 29,882
Deposits 1,951,123 23,024 1,302,454 43,885 29,427 106,640 41,976 82,286 8,720 6,880 15,708 43,301 246,821
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 1,524,297 23,014 910,074 43,882 29,392 106,286 41,943 48,522 8,711 6,827 15,670 43,160 246,815
U.S. Treasury, General Account 369,365 0 369,365 0 0 0 0 0 0 0 0 0 0
Foreign official 5,243 2 5,216 2 3 9 2 2 1 0 0 0 6
Other (12) 52,219 8 17,800 1 32 346 31 33,762 8 53 38 141 1
Deferred availability cash items 316 0 0 0 0 0 57 0 0 259 0 0 0
Earnings remittances due to the U.S.
Treasury (13) 1,090 21 611 19 33 49 100 56 23 11 17 60 91
Other liabilities and accrued
dividends 4,104 172 1,551 185 191 485 285 266 127 145 140 207 350
Total liabilities 3,892,485 79,962 2,014,965 97,052 117,166 234,902 288,220 204,025 62,860 37,756 62,304 193,248 500,025
Capital
Capital paid in 32,517 1,394 10,323 1,869 2,587 6,926 1,880 1,354 512 157 326 403 4,787
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 3,931,827 81,650 2,027,454 99,315 120,298 243,283 290,497 205,664 63,477 37,945 62,696 193,735 505,814
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 17, 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 17, 2019
Federal Reserve notes outstanding 1,872,721
Less: Notes held by F.R. Banks not subject to collateralization 192,552
Federal Reserve notes to be collateralized 1,680,169
Collateral held against Federal Reserve notes 1,680,169
Gold certificate account 11,037
Special drawing rights certificate account 5,200
U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 1,663,932
Other assets pledged 0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 3,743,694
Less: Face value of securities under reverse repurchase agreements 253,338
U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,490,356
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