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Release Date: October 17, 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 October 17, 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 Oct 16, 2019
Federal Reserve Banks Oct 16, 2019 Oct 9, 2019 Oct 17, 2018
Reserve Bank credit 3,909,671 + 346 - 229,547 3,927,709
Securities held outright (1) 3,593,000 + 3,500 - 386,407 3,588,569
U.S. Treasury securities 2,121,713 + 1,824 - 172,525 2,123,085
Bills (2) 6,002 0 + 5,902 6,002
Notes and bonds, nominal (2) 1,970,194 + 572 - 186,401 1,971,567
Notes and bonds, inflation-indexed (2) 120,993 + 1,143 + 5,414 120,993
Inflation compensation (3) 24,523 + 108 + 2,559 24,523
Federal agency debt securities (2) 2,347 0 - 62 2,347
Mortgage-backed securities (4) 1,468,940 + 1,676 - 213,820 1,463,137
Unamortized premiums on securities held outright (5) 127,845 - 45 - 16,467 127,617
Unamortized discounts on securities held outright (5) -12,538 + 49 + 1,075 -12,526
Repurchase agreements (6) 174,364 - 4,957 + 174,364 197,700
Loans 65 - 12 - 127 60
Primary credit 2 0 - 6 0
Secondary credit 0 0 0 0
Seasonal credit 63 - 11 - 121 60
Other credit extensions 0 0 0 0
Net portfolio holdings of Maiden Lane LLC (7) 0 0 - 7 0
Float -117 - 5 + 113 -140
Central bank liquidity swaps (8) 43 + 4 - 46 43
Other Federal Reserve assets (9) 27,008 + 1,811 - 2,046 26,385
Foreign currency denominated assets (10) 20,601 - 50 - 328 20,622
Gold stock 11,041 0 0 11,041
Special drawing rights certificate account 5,200 0 0 5,200
Treasury currency outstanding (11) 50,053 + 14 + 347 50,053
Total factors supplying reserve funds 3,996,566 + 311 - 229,528 4,014,624
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 Oct 16, 2019
Federal Reserve Banks Oct 16, 2019 Oct 9, 2019 Oct 17, 2018
Currency in circulation (11) 1,770,807 + 4,474 + 79,670 1,772,562
Reverse repurchase agreements (12) 299,603 + 9,267 + 80,349 302,797
Foreign official and international accounts 297,256 + 11,259 + 78,845 300,994
Others 2,347 - 1,991 + 1,504 1,803
Treasury cash holdings 198 + 8 - 29 201
Deposits with F.R. Banks, other than reserve balances 400,110 + 12,642 - 16,812 424,684
Term deposits held by depository institutions 0 0 0 0
U.S. Treasury, General Account 324,604 + 6,413 - 8,319 361,497
Foreign official 5,186 0 - 70 5,186
Other (13) 70,320 + 6,229 - 8,423 58,001
Other liabilities and capital (14) 45,481 + 8 + 461 44,509
Total factors, other than reserve balances,
absorbing reserve funds 2,516,198 + 26,397 + 143,637 2,544,753
Reserve balances with Federal Reserve Banks 1,480,368 - 26,087 - 373,165 1,469,871
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 Oct 16, 2019
Oct 16, 2019 Oct 9, 2019 Oct 17, 2018
Securities held in custody for foreign official and
international accounts 3,411,915 - 6,864 - 21,462 3,418,164
Marketable U.S. Treasury securities (1) 2,964,905 - 12,078 - 93,910 2,971,849
Federal agency debt and mortgage-backed securities (2) 365,380 + 5,795 + 57,804 364,681
Other securities (3) 81,631 - 580 + 14,645 81,634
Securities lent to dealers 25,935 - 1,792 + 8,957 25,081
Overnight facility (4) 25,935 - 1,792 + 8,957 25,081
U.S. Treasury securities 25,935 - 1,792 + 8,957 25,081
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, October 16, 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 27 34 0 0 0 ... 60
U.S. Treasury securities (1)
Holdings 15,683 63,032 267,651 849,095 302,407 625,217 2,123,085
Weekly changes + 15,655 - 14,529 + 475 0 - 1 0 + 1,600
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 9 799 78,594 1,383,735 1,463,137
Weekly changes 0 0 0 - 7 - 550 - 3,579 - 4,136
Repurchase agreements (4) 197,700 0 ... ... ... ... 197,700
Central bank liquidity swaps (5) 43 0 0 0 0 0 43
Reverse repurchase agreements (4) 302,797 0 ... ... ... ... 302,797
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
Oct 16, 2019
Mortgage-backed securities held outright (1) 1,463,137
Commitments to buy mortgage-backed securities (2) 5,533
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 Oct 16, 2019 Wednesday Wednesday
consolidation Oct 9, 2019 Oct 17, 2018
Assets
Gold certificate account 11,037 0 0
Special drawing rights certificate account 5,200 0 0
Coin 1,684 - 16 - 63
Securities, unamortized premiums and discounts,
repurchase agreements, and loans 3,901,420 + 16,133 - 206,087
Securities held outright (1) 3,588,569 - 2,536 - 388,194
U.S. Treasury securities 2,123,085 + 1,600 - 171,160
Bills (2) 6,002 0 + 5,902
Notes and bonds, nominal (2) 1,971,567 + 1,601 - 185,028
Notes and bonds, inflation-indexed (2) 120,993 0 + 5,414
Inflation compensation (3) 24,523 - 1 + 2,552
Federal agency debt securities (2) 2,347 0 - 62
Mortgage-backed securities (4) 1,463,137 - 4,136 - 216,972
Unamortized premiums on securities held outright
(5) 127,617 - 396 - 16,520
Unamortized discounts on securities held outright
(5) -12,526 + 27 + 1,076
Repurchase agreements (6) 197,700 + 19,050 + 197,700
Loans 60 - 12 - 149
Net portfolio holdings of Maiden Lane LLC (7) 0 0 - 7
Items in process of collection (0) 80 + 28 - 66
Bank premises 2,186 0 0
Central bank liquidity swaps (8) 43 + 4 - 46
Foreign currency denominated assets (9) 20,622 + 3 - 267
Other assets (10) 24,199 + 363 - 2,439
Total assets (0) 3,966,471 + 16,516 - 208,975
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 Oct 16, 2019 Wednesday Wednesday
consolidation Oct 9, 2019 Oct 17, 2018
Liabilities
Federal Reserve notes, net of F.R. Bank holdings 1,724,390 + 3,400 + 80,739
Reverse repurchase agreements (11) 302,797 + 11,688 + 82,420
Deposits (0) 1,894,555 + 2,214 - 372,162
Term deposits held by depository institutions 0 0 0
Other deposits held by depository institutions 1,469,871 - 58,523 - 361,747
U.S. Treasury, General Account 361,497 + 64,108 + 859
Foreign official 5,186 + 1 - 70
Other (12) (0) 58,001 - 3,372 - 11,203
Deferred availability cash items (0) 220 + 78 - 99
Other liabilities and accrued dividends (13) 5,186 - 864 - 60
Total liabilities (0) 3,927,147 + 16,514 - 209,162
Capital accounts
Capital paid in 32,499 + 2 + 187
Surplus 6,825 0 0
Other capital accounts 0 0 0
Total capital 39,324 + 2 + 187
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, October 16, 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 1,684 43 51 150 105 214 179 279 32 44 108 191 285
Securities, unamortized premiums and
discounts, repurchase agreements,
and loans 3,901,420 80,938 2,128,468 94,478 114,144 238,749 266,757 204,790 56,091 33,790 57,851 169,402 455,963
Securities held outright (1) 3,588,569 74,449 1,957,818 86,903 104,992 219,608 245,361 188,369 51,577 31,053 53,213 155,820 419,406
U.S. Treasury securities 2,123,085 44,046 1,158,293 51,414 62,116 129,925 145,162 111,444 30,514 18,372 31,482 92,187 248,131
Bills (2) 6,002 125 3,275 145 176 367 410 315 86 52 89 261 701
Notes and bonds (3) 2,117,083 43,921 1,155,018 51,269 61,940 129,558 144,751 111,129 30,428 18,320 31,393 91,926 247,429
Federal agency debt securities (2) 2,347 49 1,280 57 69 144 160 123 34 20 35 102 274
Mortgage-backed securities (4) 1,463,137 30,354 798,245 35,432 42,808 89,539 100,039 76,802 21,029 12,661 21,696 63,531 171,001
Unamortized premiums on securities held
outright (5) 127,617 2,648 69,624 3,090 3,734 7,810 8,726 6,699 1,834 1,104 1,892 5,541 14,915
Unamortized discounts on securities
held outright (5) -12,526 -260 -6,834 -303 -366 -767 -856 -658 -180 -108 -186 -544 -1,464
Repurchase agreements (6) 197,700 4,102 107,859 4,788 5,784 12,099 13,517 10,378 2,841 1,711 2,932 8,584 23,106
Loans 60 0 0 0 0 0 9 2 19 31 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 80 0 0 0 0 0 79 0 0 1 0 0 0
Bank premises 2,186 107 455 83 116 191 204 192 102 94 228 223 190
Central bank liquidity swaps (8) 43 2 14 2 3 9 3 2 1 0 0 1 6
Foreign currency denominated
assets (9) 20,622 888 6,545 1,191 1,646 4,397 1,199 861 314 98 200 255 3,027
Other assets (10) 24,199 519 12,789 581 719 1,694 1,642 1,242 417 247 441 1,106 2,801
Interdistrict settlement account 0 + 12,339 - 175,567 - 15,635 + 15,613 - 321 + 40,676 + 18,355 + 7,757 + 4,344 + 6,264 + 26,539 + 59,635
Total assets 3,966,471 95,383 1,978,281 81,387 133,115 246,100 312,953 226,857 65,193 38,894 65,538 198,889 523,882
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, October 16, 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 1,935,227 58,195 642,075 55,433 91,850 132,201 272,083 124,923 57,392 31,156 51,156 161,246 257,517
Less: Notes held by F.R. Banks 210,837 6,540 53,875 9,150 9,803 16,664 28,068 14,207 6,023 3,656 7,870 21,489 33,491
Federal Reserve notes, net 1,724,390 51,656 588,201 46,283 82,047 115,537 244,015 110,715 51,369 27,499 43,286 139,757 224,026
Reverse repurchase agreements (11) 302,797 6,282 165,197 7,333 8,859 18,530 20,703 15,894 4,352 2,620 4,490 13,148 35,389
Deposits 1,894,555 35,467 1,209,521 26,034 38,733 103,316 45,394 98,420 8,693 8,224 17,205 45,238 258,311
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 1,469,871 35,442 822,438 26,032 38,703 102,625 45,356 61,777 8,687 8,173 17,174 45,158 258,304
U.S. Treasury, General Account 361,497 0 361,497 0 0 0 0 0 0 0 0 0 0
Foreign official 5,186 2 5,159 2 3 9 2 2 1 0 0 0 6
Other (12) 58,001 23 20,427 0 26 682 35 36,640 5 51 30 79 1
Deferred availability cash items 220 0 0 0 0 0 86 0 0 134 0 0 0
Earnings remittances due to the U.S.
Treasury (13) 1,096 22 619 29 32 58 96 50 18 10 7 54 102
Other liabilities and accrued
dividends 4,089 169 1,525 172 191 487 294 270 140 146 153 214 329
Total liabilities 3,927,147 93,595 1,965,062 79,851 129,862 237,928 310,587 225,349 64,572 38,634 65,141 198,410 518,156
Capital
Capital paid in 32,499 1,494 11,053 1,142 2,708 6,716 1,969 1,223 518 228 331 394 4,724
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 3,966,471 95,383 1,978,281 81,387 133,115 246,100 312,953 226,857 65,193 38,894 65,538 198,889 523,882
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, October 16, 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
Oct 16, 2019
Federal Reserve notes outstanding 1,935,227
Less: Notes held by F.R. Banks not subject to collateralization 210,837
Federal Reserve notes to be collateralized 1,724,390
Collateral held against Federal Reserve notes 1,724,390
Gold certificate account 11,037
Special drawing rights certificate account 5,200
U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 1,708,153
Other assets pledged 0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 3,786,269
Less: Face value of securities under reverse repurchase agreements 283,608
U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,502,661
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