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Release Date: June 13, 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 June 13, 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 Jun 12, 2019
Federal Reserve Banks Jun 12, 2019 Jun 5, 2019 Jun 13, 2018
Reserve Bank credit 3,810,060 + 1,903 - 471,573 3,810,819
Securities held outright (1) 3,667,646 - 540 - 449,742 3,667,709
U.S. Treasury securities 2,109,894 - 539 - 268,058 2,109,957
Bills (2) 50 0 + 50 50
Notes and bonds, nominal (2) 1,970,270 - 899 - 271,891 1,970,270
Notes and bonds, inflation-indexed (2) 116,516 + 165 + 1,656 116,516
Inflation compensation (3) 23,057 + 194 + 2,126 23,120
Federal agency debt securities (2) 2,347 0 - 1,761 2,347
Mortgage-backed securities (4) 1,555,405 0 - 179,923 1,555,405
Unamortized premiums on securities held outright (5) 132,248 - 215 - 18,668 132,190
Unamortized discounts on securities held outright (5) -12,976 + 29 + 1,013 -12,966
Repurchase agreements (6) 0 0 0 0
Loans 49 - 62 - 74 53
Primary credit 2 - 68 - 15 5
Secondary credit 0 0 0 0
Seasonal credit 47 + 5 - 59 48
Other credit extensions 0 0 0 0
Net portfolio holdings of Maiden Lane LLC (7) 0 0 - 1,713 0
Float -175 + 292 + 4 -278
Central bank liquidity swaps (8) 22 + 5 - 69 22
Other Federal Reserve assets (9) 23,246 + 2,394 - 2,325 24,090
Foreign currency denominated assets (10) 20,927 + 133 - 423 20,911
Gold stock 11,041 0 0 11,041
Special drawing rights certificate account 5,200 0 0 5,200
Treasury currency outstanding (11) 49,981 + 14 + 388 49,981
Total factors supplying reserve funds 3,897,210 + 2,050 - 471,607 3,897,952
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 Jun 12, 2019
Federal Reserve Banks Jun 12, 2019 Jun 5, 2019 Jun 13, 2018
Currency in circulation (11) 1,737,295 - 1,408 + 76,396 1,738,366
Reverse repurchase agreements (12) 271,411 - 8,302 + 27,326 264,330
Foreign official and international accounts 269,589 - 8,839 + 28,826 262,625
Others 1,822 + 537 - 1,500 1,705
Treasury cash holdings 221 - 22 - 14 213
Deposits with F.R. Banks, other than reserve balances 256,096 - 37,987 - 104,479 240,460
Term deposits held by depository institutions 0 - 2,700 0 0
U.S. Treasury, General Account 187,560 - 36,078 - 93,628 173,062
Foreign official 5,277 + 32 + 22 5,244
Other (13) 63,260 + 759 - 10,872 62,154
Other liabilities and capital (14) 45,223 - 105 - 531 44,845
Total factors, other than reserve balances,
absorbing reserve funds 2,310,247 - 47,823 - 1,301 2,288,215
Reserve balances with Federal Reserve Banks 1,586,963 + 49,874 - 470,306 1,609,738
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 Jun 12, 2019
Jun 12, 2019 Jun 5, 2019 Jun 13, 2018
Securities held in custody for foreign official and
international accounts 3,461,113 + 17,705 + 59,575 3,467,033
Marketable U.S. Treasury securities (1) 3,051,494 + 17,237 + 12,936 3,057,071
Federal agency debt and mortgage-backed securities (2) 332,930 + 361 + 44,806 333,087
Other securities (3) 76,690 + 108 + 1,834 76,875
Securities lent to dealers 31,264 - 174 + 9,273 32,392
Overnight facility (4) 31,264 - 174 + 9,273 32,392
U.S. Treasury securities 31,264 - 174 + 9,273 32,392
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, June 12, 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 8 45 0 0 0 ... 53
U.S. Treasury securities (1)
Holdings 45 112,457 246,842 870,738 267,777 612,098 2,109,957
Weekly changes - 5 + 6 + 2 + 24 + 80 + 66 + 172
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 8 306 72,427 1,482,664 1,555,405
Weekly changes 0 0 0 0 0 0 0
Repurchase agreements (4) 0 0 ... ... ... ... 0
Central bank liquidity swaps (5) 22 0 0 0 0 0 22
Reverse repurchase agreements (4) 264,330 0 ... ... ... ... 264,330
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
Jun 12, 2019
Mortgage-backed securities held outright (1) 1,555,405
Commitments to buy mortgage-backed securities (2) 377
Commitments to sell mortgage-backed securities (2) 0
Cash and cash equivalents (3) 1
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 Jun 12, 2019 Wednesday Wednesday
consolidation Jun 5, 2019 Jun 13, 2018
Assets
Gold certificate account 11,037 0 0
Special drawing rights certificate account 5,200 0 0
Coin 1,667 + 7 - 104
Securities, unamortized premiums and discounts,
repurchase agreements, and loans 3,786,985 + 39 - 470,240
Securities held outright (1) 3,667,709 + 172 - 452,432
U.S. Treasury securities 2,109,957 + 172 - 268,041
Bills (2) 50 0 + 50
Notes and bonds, nominal (2) 1,970,270 0 - 271,891
Notes and bonds, inflation-indexed (2) 116,516 0 + 1,656
Inflation compensation (3) 23,120 + 172 + 2,143
Federal agency debt securities (2) 2,347 0 - 62
Mortgage-backed securities (4) 1,555,405 0 - 184,328
Unamortized premiums on securities held outright
(5) 132,190 - 167 - 18,711
Unamortized discounts on securities held outright
(5) -12,966 + 28 + 1,019
Repurchase agreements (6) 0 0 0
Loans 53 + 8 - 115
Net portfolio holdings of Maiden Lane LLC (7) 0 0 - 1,713
Items in process of collection (0) 43 - 83 - 55
Bank premises 2,192 + 3 + 4
Central bank liquidity swaps (8) 22 + 5 - 69
Foreign currency denominated assets (9) 20,911 + 56 - 391
Other assets (10) 21,898 + 2,284 - 2,383
Total assets (0) 3,849,955 + 2,310 - 474,951
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 Jun 12, 2019 Wednesday Wednesday
consolidation Jun 5, 2019 Jun 13, 2018
Liabilities
Federal Reserve notes, net of F.R. Bank holdings 1,690,261 - 519 + 76,146
Reverse repurchase agreements (11) 264,330 - 7,376 + 24,672
Deposits (0) 1,850,198 + 11,100 - 574,609
Term deposits held by depository institutions 0 - 2,700 0
Other deposits held by depository institutions 1,609,738 + 50,028 - 453,300
U.S. Treasury, General Account 173,062 - 34,585 - 109,906
Foreign official 5,244 0 - 11
Other (12) (0) 62,154 - 1,644 - 11,392
Deferred availability cash items (0) 321 - 254 + 7
Other liabilities and accrued dividends (13) 5,656 - 641 - 780
Total liabilities (0) 3,810,767 + 2,310 - 474,564
Capital accounts
Capital paid in 32,364 + 1 + 288
Surplus 6,825 0 - 675
Other capital accounts 0 0 0
Total capital 39,189 + 1 - 387
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, June 12, 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 1,667 41 33 145 111 217 181 281 30 47 104 188 290
Securities, unamortized premiums and
discounts, repurchase agreements,
and loans 3,786,985 78,564 2,066,040 91,707 110,796 231,747 258,928 198,788 54,428 32,806 56,154 164,434 442,593
Securities held outright (1) 3,667,709 76,091 2,000,995 88,819 107,308 224,451 250,772 192,523 52,715 31,738 54,386 159,256 428,655
U.S. Treasury securities 2,109,957 43,774 1,151,131 51,096 61,732 129,122 144,264 110,755 30,326 18,258 31,287 91,617 246,596
Bills (2) 50 1 27 1 1 3 3 3 1 0 1 2 6
Notes and bonds (3) 2,109,907 43,772 1,151,103 51,095 61,731 129,119 144,261 110,752 30,325 18,257 31,286 91,615 246,591
Federal agency debt securities (2) 2,347 49 1,280 57 69 144 160 123 34 20 35 102 274
Mortgage-backed securities (4) 1,555,405 32,269 848,584 37,667 45,507 95,185 106,348 81,645 22,355 13,459 23,064 67,538 181,784
Unamortized premiums on securities held
outright (5) 132,190 2,742 72,119 3,201 3,868 8,090 9,038 6,939 1,900 1,144 1,960 5,740 15,449
Unamortized discounts on securities
held outright (5) -12,966 -269 -7,074 -314 -379 -793 -887 -681 -186 -112 -192 -563 -1,515
Repurchase agreements (6) 0 0 0 0 0 0 0 0 0 0 0 0 0
Loans 53 0 1 0 0 0 4 7 0 37 0 1 4
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 43 0 0 0 0 0 43 0 0 0 0 0 0
Bank premises 2,192 107 457 81 118 192 207 191 104 94 229 221 191
Central bank liquidity swaps (8) 22 1 7 1 2 5 1 1 0 0 0 0 3
Foreign currency denominated
assets (9) 20,911 900 6,637 1,208 1,669 4,458 1,216 873 319 99 202 259 3,070
Other assets (10) 21,898 469 11,442 525 646 1,538 1,480 1,118 516 253 396 987 2,528
Interdistrict settlement account 0 + 4,315 - 160,834 - 8,271 + 13,816 + 4,466 + 27,229 + 14,968 + 6,688 + 3,998 + 2,896 + 21,374 + 69,357
Total assets 3,849,955 84,944 1,929,306 85,934 127,926 243,789 291,498 217,354 62,563 37,575 60,426 188,634 520,006
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, June 12, 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 1,889,631 57,581 624,085 54,582 90,182 130,034 258,749 123,270 55,958 31,384 50,335 158,413 255,058
Less: Notes held by F.R. Banks 199,370 6,217 49,385 8,225 10,120 14,853 31,099 12,700 6,127 3,166 7,901 19,776 29,802
Federal Reserve notes, net 1,690,261 51,364 574,700 46,357 80,062 115,182 227,650 110,571 49,831 28,219 42,434 138,637 225,256
Reverse repurchase agreements (11) 264,330 5,484 144,211 6,401 7,734 16,176 18,073 13,875 3,799 2,287 3,920 11,478 30,893
Deposits 1,850,198 26,110 1,194,852 31,429 36,669 103,649 43,037 91,002 8,158 6,445 13,507 37,755 257,585
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 1,609,738 26,101 994,986 31,426 36,637 103,413 43,002 50,904 8,152 6,385 13,486 37,667 257,578
U.S. Treasury, General Account 173,062 0 173,062 0 0 0 0 0 0 0 0 0 0
Foreign official 5,244 2 5,217 2 3 9 2 2 1 0 0 0 6
Other (12) 62,154 7 21,587 1 29 227 33 40,096 5 60 21 87 1
Deferred availability cash items 321 0 0 0 0 0 43 0 0 279 0 0 0
Earnings remittances due to the U.S.
Treasury (13) 1,325 26 725 34 44 76 115 62 22 12 20 66 122
Other liabilities and accrued
dividends 4,331 175 1,648 182 205 534 296 280 137 143 152 210 368
Total liabilities 3,810,767 83,159 1,916,136 84,403 124,714 235,617 289,214 215,790 61,947 37,385 60,032 188,146 514,224
Capital
Capital paid in 32,364 1,491 11,005 1,136 2,667 6,717 1,887 1,279 512 157 328 403 4,780
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 3,849,955 84,944 1,929,306 85,934 127,926 243,789 291,498 217,354 62,563 37,575 60,426 188,634 520,006
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, June 12, 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
Jun 12, 2019
Federal Reserve notes outstanding 1,889,631
Less: Notes held by F.R. Banks not subject to collateralization 199,370
Federal Reserve notes to be collateralized 1,690,261
Collateral held against Federal Reserve notes 1,690,261
Gold certificate account 11,037
Special drawing rights certificate account 5,200
U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 1,674,024
Other assets pledged 0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 3,667,709
Less: Face value of securities under reverse repurchase agreements 252,376
U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,415,333
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 |
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(21 KB)
Statistical releases