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Release Date: December 05, 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 December 5, 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 4, 2019
Federal Reserve Banks Dec 4, 2019 Nov 27, 2019 Dec 5, 2018
Reserve Bank credit 4,019,300 + 17,495 - 28,467 4,026,728
Securities held outright (1) 3,676,548 + 9,351 - 221,657 3,685,925
U.S. Treasury securities 2,250,477 + 17,067 + 8,151 2,259,853
Bills (2) 107,588 + 12,859 + 107,588 114,017
Notes and bonds, nominal (2) 1,993,489 + 4,174 - 110,248 1,996,404
Notes and bonds, inflation-indexed (2) 124,372 0 + 7,965 124,372
Inflation compensation (3) 25,029 + 34 + 2,846 25,060
Federal agency debt securities (2) 2,347 0 - 62 2,347
Mortgage-backed securities (4) 1,423,724 - 7,716 - 229,746 1,423,725
Unamortized premiums on securities held outright (5) 125,559 - 350 - 16,035 125,541
Unamortized discounts on securities held outright (5) -13,105 - 52 + 440 -13,131
Repurchase agreements (6) 210,197 + 8,228 + 210,178 208,007
Loans 17 - 6 - 38 9
Primary credit 3 - 1 - 2 1
Secondary credit 0 0 0 0
Seasonal credit 14 - 5 - 36 8
Other credit extensions 0 0 0 0
Net portfolio holdings of Maiden Lane LLC (7) 0 0 - 7 0
Float -382 - 130 + 105 -455
Central bank liquidity swaps (8) 47 0 - 147 47
Other Federal Reserve assets (9) 20,419 + 454 - 1,305 20,784
Foreign currency denominated assets (10) 20,599 + 46 - 27 20,604
Gold stock 11,041 0 0 11,041
Special drawing rights certificate account 5,200 0 0 5,200
Treasury currency outstanding (11) 50,120 + 14 + 375 50,120
Total factors supplying reserve funds 4,106,261 + 17,556 - 28,118 4,113,692
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 4, 2019
Federal Reserve Banks Dec 4, 2019 Nov 27, 2019 Dec 5, 2018
Currency in circulation (11) 1,793,256 + 5,393 + 88,807 1,793,762
Reverse repurchase agreements (12) 283,717 + 786 + 51,197 277,374
Foreign official and international accounts 283,300 + 4,591 + 53,331 277,374
Others 417 - 3,805 - 2,134 0
Treasury cash holdings 186 + 3 - 17 190
Deposits with F.R. Banks, other than reserve balances 410,763 - 35,661 - 3,474 403,670
Term deposits held by depository institutions 0 0 0 0
U.S. Treasury, General Account 346,971 - 13,970 + 9,407 338,453
Foreign official 5,183 + 2 - 88 5,181
Other (13) 58,610 - 21,692 - 12,792 60,036
Other liabilities and capital (14) 45,078 + 471 + 249 44,977
Total factors, other than reserve balances,
absorbing reserve funds 2,533,000 - 29,008 + 136,762 2,519,973
Reserve balances with Federal Reserve Banks 1,573,261 + 46,564 - 164,880 1,593,719
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 4, 2019
Dec 4, 2019 Nov 27, 2019 Dec 5, 2018
Securities held in custody for foreign official and
international accounts 3,416,922 + 2,019 + 13,010 3,409,249
Marketable U.S. Treasury securities (1) 2,967,714 + 3,863 - 61,208 2,960,241
Federal agency debt and mortgage-backed securities (2) 365,300 - 1,471 + 56,957 365,295
Other securities (3) 83,907 - 374 + 17,261 83,713
Securities lent to dealers 30,914 + 1,437 + 11,925 33,343
Overnight facility (4) 30,914 + 1,437 + 11,925 33,343
U.S. Treasury securities 30,914 + 1,437 + 11,925 33,343
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 4, 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 4 5 0 0 0 ... 9
U.S. Treasury securities (1)
Holdings 8,372 110,535 301,082 881,241 322,057 636,566 2,259,853
Weekly changes - 1,831 + 12,551 - 2,879 - 1,264 + 4,734 + 45 + 11,355
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 1,179 75,681 1,346,851 1,423,725
Weekly changes 0 + 1 + 2 + 203 - 163 - 41 + 1
Repurchase agreements (4) 158,007 50,000 ... ... ... ... 208,007
Central bank liquidity swaps (5) 47 0 0 0 0 0 47
Reverse repurchase agreements (4) 277,374 0 ... ... ... ... 277,374
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 4, 2019
Mortgage-backed securities held outright (1) 1,423,725
Commitments to buy mortgage-backed securities (2) 9,568
Commitments to sell mortgage-backed securities (2) 98
Cash and cash equivalents (3) 2
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 4, 2019 Wednesday Wednesday
consolidation Nov 27, 2019 Dec 5, 2018
Assets
Gold certificate account 11,037 0 0
Special drawing rights certificate account 5,200 0 0
Coin 1,620 - 1 - 89
Securities, unamortized premiums and discounts,
repurchase agreements, and loans 4,006,350 + 11,971 - 18,137
Securities held outright (1) 3,685,925 + 11,356 - 210,505
U.S. Treasury securities 2,259,853 + 11,355 + 19,302
Bills (2) 114,017 + 7,501 + 114,017
Notes and bonds, nominal (2) 1,996,404 + 3,802 - 105,392
Notes and bonds, inflation-indexed (2) 124,372 0 + 7,827
Inflation compensation (3) 25,060 + 52 + 2,850
Federal agency debt securities (2) 2,347 0 - 62
Mortgage-backed securities (4) 1,423,725 + 1 - 229,745
Unamortized premiums on securities held outright
(5) 125,541 - 94 - 15,932
Unamortized discounts on securities held outright
(5) -13,131 - 23 + 408
Repurchase agreements (6) 208,007 + 764 + 207,941
Loans 9 - 31 - 48
Net portfolio holdings of Maiden Lane LLC (7) 0 0 - 7
Items in process of collection (0) 53 - 30 - 9
Bank premises 2,191 - 14 - 1
Central bank liquidity swaps (8) 47 0 - 147
Foreign currency denominated assets (9) 20,604 + 111 - 7
Other assets (10) 18,594 + 785 - 1,951
Total assets (0) 4,065,696 + 12,821 - 20,348
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 4, 2019 Wednesday Wednesday
consolidation Nov 27, 2019 Dec 5, 2018
Liabilities
Federal Reserve notes, net of F.R. Bank holdings 1,745,447 + 1,429 + 87,209
Reverse repurchase agreements (11) 277,374 - 4,547 + 41,717
Deposits (0) 1,997,389 + 15,880 - 148,914
Term deposits held by depository institutions 0 0 0
Other deposits held by depository institutions 1,593,719 + 34,000 - 142,588
U.S. Treasury, General Account 338,453 - 20,443 + 9,840
Foreign official 5,181 0 - 176
Other (12) (0) 60,036 + 2,324 - 15,991
Deferred availability cash items (0) 508 - 396 0
Other liabilities and accrued dividends (13) 6,078 + 455 - 130
Total liabilities (0) 4,026,797 + 12,822 - 20,117
Capital accounts
Capital paid in 32,074 - 1 - 231
Surplus 6,825 0 0
Other capital accounts 0 0 0
Total capital 38,899 - 1 - 231
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 4, 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 1,620 39 43 147 107 213 151 273 31 45 109 183 279
Securities, unamortized premiums and
discounts, repurchase agreements,
and loans 4,006,350 83,116 2,185,743 97,020 117,215 245,174 273,929 210,299 57,582 34,673 59,408 173,960 468,232
Securities held outright (1) 3,685,925 76,469 2,010,933 89,261 107,841 225,565 252,018 193,479 52,976 31,895 54,656 160,047 430,784
U.S. Treasury securities 2,259,853 46,883 1,232,910 54,726 66,118 138,295 154,513 118,623 32,480 19,555 33,510 98,125 264,115
Bills (2) 114,017 2,365 62,204 2,761 3,336 6,977 7,796 5,985 1,639 987 1,691 4,951 13,325
Notes and bonds (3) 2,145,836 44,518 1,170,705 51,965 62,782 131,317 146,717 112,638 30,841 18,568 31,819 93,175 250,790
Federal agency debt securities (2) 2,347 49 1,280 57 69 144 160 123 34 20 35 102 274
Mortgage-backed securities (4) 1,423,725 29,537 776,743 34,478 41,655 87,127 97,344 74,733 20,463 12,320 21,112 61,820 166,395
Unamortized premiums on securities held
outright (5) 125,541 2,604 68,491 3,040 3,673 7,683 8,584 6,590 1,804 1,086 1,862 5,451 14,672
Unamortized discounts on securities
held outright (5) -13,131 -272 -7,164 -318 -384 -804 -898 -689 -189 -114 -195 -570 -1,535
Repurchase agreements (6) 208,007 4,315 113,483 5,037 6,086 12,729 14,222 10,919 2,990 1,800 3,084 9,032 24,310
Loans 9 0 0 0 0 0 3 0 0 5 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 53 0 0 0 0 0 52 0 0 1 0 0 0
Bank premises 2,191 106 454 89 117 190 203 193 102 94 228 224 190
Central bank liquidity swaps (8) 47 2 15 3 4 10 3 2 1 0 0 1 7
Foreign currency denominated
assets (9) 20,604 887 6,540 1,190 1,645 4,393 1,198 860 314 98 199 255 3,024
Other assets (10) 18,594 399 9,681 442 549 1,338 1,250 947 475 213 343 820 2,136
Interdistrict settlement account 0 + 9,830 - 171,623 - 11,897 + 19,405 - 766 + 36,625 + 23,335 + 9,906 + 4,782 + 7,758 + 28,505 + 44,140
Total assets 4,065,696 94,927 2,036,378 87,531 139,810 251,717 315,626 237,044 68,888 40,181 68,490 205,120 519,984
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 4, 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 1,953,628 60,470 640,856 57,128 93,699 134,100 272,938 126,578 59,398 31,162 53,581 163,862 259,856
Less: Notes held by F.R. Banks 208,180 6,251 55,558 8,772 8,940 16,368 29,220 13,013 5,418 3,322 7,295 20,156 33,868
Federal Reserve notes, net 1,745,447 54,219 585,298 48,357 84,759 117,731 243,719 113,565 53,980 27,840 46,286 143,705 225,988
Reverse repurchase agreements (11) 277,374 5,754 151,327 6,717 8,115 16,974 18,965 14,560 3,987 2,400 4,113 12,044 32,418
Deposits 1,997,389 32,960 1,284,341 30,697 43,422 108,187 50,114 107,047 10,125 9,040 17,520 48,623 255,313
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 1,593,719 32,934 918,974 30,694 43,392 107,645 50,080 69,559 10,116 8,987 17,494 48,537 255,306
U.S. Treasury, General Account 338,453 0 338,453 0 0 0 0 0 0 0 0 0 0
Foreign official 5,181 2 5,154 2 3 9 2 2 1 0 0 0 6
Other (12) 60,036 24 21,761 0 27 534 32 37,486 8 52 26 85 1
Deferred availability cash items 508 0 0 0 0 0 49 0 0 459 0 0 0
Earnings remittances due to the U.S.
Treasury (13) 1,314 22 692 36 44 113 99 62 24 11 15 56 139
Other liabilities and accrued
dividends 4,764 182 1,905 190 215 566 308 302 151 152 159 231 405
Total liabilities 4,026,797 93,138 2,023,563 85,996 136,556 243,572 313,254 235,535 68,266 39,901 68,093 204,659 514,263
Capital
Capital paid in 32,074 1,495 10,649 1,141 2,709 6,690 1,975 1,224 518 248 330 376 4,719
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 4,065,696 94,927 2,036,378 87,531 139,810 251,717 315,626 237,044 68,888 40,181 68,490 205,120 519,984
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 4, 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 4, 2019
Federal Reserve notes outstanding 1,953,628
Less: Notes held by F.R. Banks not subject to collateralization 208,180
Federal Reserve notes to be collateralized 1,745,447
Collateral held against Federal Reserve notes 1,745,447
Gold certificate account 11,037
Special drawing rights certificate account 5,200
U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 1,729,210
Other assets pledged 0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 3,893,932
Less: Face value of securities under reverse repurchase agreements 270,646
U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,623,286
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