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Release Date: January 30, 2020
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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 January 30, 2020
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 Jan 29, 2020
Federal Reserve Banks Jan 29, 2020 Jan 22, 2020 Jan 30, 2019
Reserve Bank credit 4,115,208 + 906 + 114,389 4,112,398
Securities held outright (1) 3,793,484 + 15,123 - 51,796 3,798,743
U.S. Treasury securities 2,397,355 + 24,302 + 177,305 2,409,108
Bills (2) 222,890 + 19,288 + 222,890 232,534
Notes and bonds, nominal (2) 2,021,005 + 5,031 - 62,581 2,023,121
Notes and bonds, inflation-indexed (2) 128,005 0 + 13,236 128,005
Inflation compensation (3) 25,455 - 17 + 3,761 25,448
Federal agency debt securities (2) 2,347 0 - 62 2,347
Mortgage-backed securities (4) 1,393,781 - 9,180 - 229,041 1,387,288
Unamortized premiums on securities held outright (5) 123,730 - 472 - 14,931 123,527
Unamortized discounts on securities held outright (5) -13,294 - 40 + 7 -13,306
Repurchase agreements (6) 182,311 - 14,306 + 182,311 175,125
Loans 6 0 - 18 34
Primary credit 6 0 - 12 34
Secondary credit 0 0 0 0
Seasonal credit 0 0 - 6 0
Other credit extensions 0 0 0 0
Net portfolio holdings of Maiden Lane LLC (7) 0 0 0 0
Float -185 - 69 + 116 -675
Central bank liquidity swaps (8) 51 - 3 - 25 51
Other Federal Reserve assets (9) 29,104 + 673 - 1,276 28,899
Foreign currency denominated assets (10) 20,512 - 15 - 426 20,499
Gold stock 11,041 0 0 11,041
Special drawing rights certificate account 5,200 0 0 5,200
Treasury currency outstanding (11) 50,162 + 14 + 372 50,162
Total factors supplying reserve funds 4,202,123 + 904 + 114,334 4,199,300
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 Jan 29, 2020
Federal Reserve Banks Jan 29, 2020 Jan 22, 2020 Jan 30, 2019
Currency in circulation (11) 1,792,238 - 2,503 + 89,610 1,792,779
Reverse repurchase agreements (12) 235,623 - 26,946 - 11,948 233,404
Foreign official and international accounts 233,736 - 15,421 - 10,449 233,104
Others 1,887 - 11,525 - 1,499 300
Treasury cash holdings 208 + 17 - 43 218
Deposits with F.R. Banks, other than reserve balances 513,106 + 35,253 + 37,967 516,541
Term deposits held by depository institutions 0 0 0 0
U.S. Treasury, General Account 432,061 + 28,120 + 28,785 450,537
Foreign official 5,180 - 1 - 64 5,181
Other (13) 75,864 + 7,133 + 9,245 60,823
Other liabilities and capital (14) 44,606 + 431 - 55 44,136
Total factors, other than reserve balances,
absorbing reserve funds 2,585,781 + 6,252 + 115,531 2,587,077
Reserve balances with Federal Reserve Banks 1,616,342 - 5,347 - 1,197 1,612,223
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 Jan 29, 2020
Jan 29, 2020 Jan 22, 2020 Jan 30, 2019
Securities held in custody for foreign official and
international accounts 3,434,373 + 21,252 + 20,317 3,423,488
Marketable U.S. Treasury securities (1) 2,985,484 + 15,901 - 40,174 2,975,840
Federal agency debt and mortgage-backed securities (2) 365,207 + 5,301 + 46,272 364,291
Other securities (3) 83,681 + 49 + 14,219 83,357
Securities lent to dealers 28,698 + 391 + 9,462 25,762
Overnight facility (4) 28,698 + 391 + 9,462 25,762
U.S. Treasury securities 28,698 + 391 + 9,462 25,762
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, January 29, 2020
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 34 0 0 0 0 ... 34
U.S. Treasury securities (1)
Holdings 28,266 135,202 378,533 908,219 315,598 643,290 2,409,108
Weekly changes + 4,607 + 8,573 + 9,321 + 5,600 - 7 - 7 + 28,088
Federal agency debt securities (2)
Holdings 0 0 0 0 1,151 1,196 2,347
Weekly changes 0 0 0 0 0 0 0
Mortgage-backed securities (3)
Holdings 0 0 3 1,149 70,876 1,315,260 1,387,288
Weekly changes 0 - 1 - 11 - 86 - 2,242 - 9,014 - 11,354
Repurchase agreements (4) 175,125 0 ... ... ... ... 175,125
Central bank liquidity swaps (5) 51 0 0 0 0 0 51
Reverse repurchase agreements (4) 233,404 0 ... ... ... ... 233,404
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
Jan 29, 2020
Mortgage-backed securities held outright (1) 1,387,288
Commitments to buy mortgage-backed securities (2) 5,386
Commitments to sell mortgage-backed securities (2) 0
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 Jan 29, 2020 Wednesday Wednesday
consolidation Jan 22, 2020 Jan 30, 2019
Assets
Gold certificate account 11,037 0 0
Special drawing rights certificate account 5,200 0 0
Coin 1,767 + 23 - 34
Securities, unamortized premiums and discounts,
repurchase agreements, and loans 4,084,123 + 5,336 + 114,611
Securities held outright (1) 3,798,743 + 16,733 - 45,486
U.S. Treasury securities 2,409,108 + 28,088 + 189,096
Bills (2) 232,534 + 22,503 + 232,534
Notes and bonds, nominal (2) 2,023,121 + 5,603 - 60,465
Notes and bonds, inflation-indexed (2) 128,005 0 + 13,236
Inflation compensation (3) 25,448 - 19 + 3,792
Federal agency debt securities (2) 2,347 0 - 62
Mortgage-backed securities (4) 1,387,288 - 11,354 - 234,521
Unamortized premiums on securities held outright
(5) 123,527 - 447 - 15,011
Unamortized discounts on securities held outright
(5) -13,306 - 34 - 17
Repurchase agreements (6) 175,125 - 10,951 + 175,125
Loans 34 + 34 0
Net portfolio holdings of Maiden Lane LLC (7) 0 0 0
Items in process of collection (0) 54 - 30 - 39
Bank premises 2,210 + 10 + 3
Central bank liquidity swaps (8) 51 - 3 - 26
Foreign currency denominated assets (9) 20,499 - 27 - 452
Other assets (10) 26,689 + 409 - 2,111
Total assets (0) 4,151,630 + 5,718 + 111,952
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 Jan 29, 2020 Wednesday Wednesday
consolidation Jan 22, 2020 Jan 30, 2019
Liabilities
Federal Reserve notes, net of F.R. Bank holdings 1,744,597 - 1,952 + 89,020
Reverse repurchase agreements (11) 233,404 - 31,953 - 15,832
Deposits (0) 2,128,764 + 38,677 + 39,599
Term deposits held by depository institutions 0 0 0
Other deposits held by depository institutions 1,612,223 + 2,629 + 3,083
U.S. Treasury, General Account 450,537 + 38,829 + 39,153
Foreign official 5,181 + 1 - 61
Other (12) (0) 60,823 - 2,782 - 2,576
Deferred availability cash items (0) 729 + 487 - 455
Other liabilities and accrued dividends (13) 5,613 + 460 + 237
Total liabilities (0) 4,113,108 + 5,718 + 112,570
Capital accounts
Capital paid in 31,697 - 1 - 618
Surplus 6,825 0 0
Other capital accounts 0 0 0
Total capital 38,522 - 1 - 618
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, January 29, 2020
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 1,767 43 51 155 103 234 181 286 35 50 118 206 305
Securities, unamortized premiums and
discounts, repurchase agreements,
and loans 4,084,123 84,729 2,228,160 98,913 119,503 249,932 279,252 214,379 58,699 35,342 60,560 177,336 477,319
Securities held outright (1) 3,798,743 78,809 2,072,483 91,993 111,142 232,470 259,732 199,401 54,598 32,871 56,329 164,946 443,970
U.S. Treasury securities 2,409,108 49,980 1,314,339 58,340 70,484 147,429 164,718 126,457 34,625 20,847 35,723 104,606 281,559
Bills (2) 232,534 4,824 126,864 5,631 6,803 14,230 15,899 12,206 3,342 2,012 3,448 10,097 27,177
Notes and bonds (3) 2,176,574 45,156 1,187,475 52,709 63,681 133,199 148,819 114,251 31,283 18,834 32,275 94,509 254,382
Federal agency debt securities (2) 2,347 49 1,280 57 69 144 160 123 34 20 35 102 274
Mortgage-backed securities (4) 1,387,288 28,781 756,864 33,595 40,589 84,897 94,853 72,821 19,939 12,005 20,571 60,238 162,136
Unamortized premiums on securities held
outright (5) 123,527 2,563 67,393 2,991 3,614 7,559 8,446 6,484 1,775 1,069 1,832 5,364 14,437
Unamortized discounts on securities
held outright (5) -13,306 -276 -7,259 -322 -389 -814 -910 -698 -191 -115 -197 -578 -1,555
Repurchase agreements (6) 175,125 3,633 95,543 4,241 5,124 10,717 11,974 9,193 2,517 1,515 2,597 7,604 20,467
Loans 34 0 0 10 13 0 10 0 0 1 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 54 0 0 0 0 0 53 0 0 0 0 0 0
Bank premises 2,210 106 466 92 117 191 203 194 102 93 228 223 196
Central bank liquidity swaps (8) 51 2 16 3 4 11 3 2 1 0 0 1 7
Foreign currency denominated
assets (9) 20,499 883 6,507 1,184 1,636 4,370 1,192 856 313 97 198 254 3,009
Other assets (10) 26,689 570 14,031 640 792 1,849 1,803 1,375 476 285 489 1,301 3,080
Interdistrict settlement account 0 + 5,630 - 32,247 - 14,819 + 1,359 - 6,327 + 16,905 + 10,274 + 6,847 + 3,856 + 5,719 + 14,983 - 12,180
Total assets 4,151,630 92,509 2,222,508 86,705 124,282 251,427 301,805 228,501 66,949 39,999 67,759 195,476 473,711
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, January 29, 2020 (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 1,957,987 60,861 641,620 57,527 93,843 134,320 273,952 126,650 59,460 32,067 54,152 164,114 259,421
Less: Notes held by F.R. Banks 213,391 6,175 50,753 9,018 10,301 17,319 33,385 13,550 5,485 2,959 7,264 20,405 36,777
Federal Reserve notes, net 1,744,597 54,686 590,867 48,509 83,541 117,002 240,567 113,099 53,975 29,109 46,888 143,709 222,644
Reverse repurchase agreements (11) 233,404 4,842 127,339 5,652 6,829 14,284 15,959 12,252 3,355 2,020 3,461 10,135 27,279
Deposits 2,128,764 30,965 1,488,950 30,957 30,409 111,385 42,942 101,280 8,843 7,739 16,823 40,914 217,557
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 1,612,223 30,957 1,014,034 30,955 30,376 111,007 42,875 60,295 8,840 7,684 16,795 40,855 217,550
U.S. Treasury, General Account 450,537 0 450,537 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) 60,823 7 19,224 0 30 370 65 40,984 2 54 28 59 1
Deferred availability cash items 729 0 0 0 0 0 49 0 0 680 0 0 0
Earnings remittances due to the U.S.
Treasury (13) 1,042 14 546 24 30 98 86 54 9 4 9 55 115
Other liabilities and accrued
dividends 4,571 172 1,860 176 182 528 292 320 136 147 172 205 381
Total liabilities 4,113,108 90,680 2,209,562 85,318 120,990 243,297 299,894 227,005 66,318 39,698 67,353 195,018 467,975
Capital
Capital paid in 31,697 1,505 10,653 1,141 2,709 6,690 1,572 1,231 520 248 334 377 4,720
Surplus 6,825 324 2,294 246 583 1,441 338 265 112 53 72 81 1,016
Other capital 0 0 0 0 0 0 0 0 0 0 0 0 0
Total liabilities and capital 4,151,630 92,509 2,222,508 86,705 124,282 251,427 301,805 228,501 66,949 39,999 67,759 195,476 473,711
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, January 29, 2020 (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
Jan 29, 2020
Federal Reserve notes outstanding 1,957,987
Less: Notes held by F.R. Banks not subject to collateralization 213,391
Federal Reserve notes to be collateralized 1,744,597
Collateral held against Federal Reserve notes 1,744,597
Gold certificate account 11,037
Special drawing rights certificate account 5,200
U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 1,728,360
Other assets pledged 0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 3,973,868
Less: Face value of securities under reverse repurchase agreements 229,718
U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,744,150
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 |
PDF
(21 KB)
Statistical releases