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Release Date: July 25, 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 July 25, 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 Jul 24, 2019
Federal Reserve Banks Jul 24, 2019 Jul 17, 2019 Jul 25, 2018
Reserve Bank credit 3,767,608 - 5,851 - 481,649 3,764,159
Securities held outright (1) 3,621,169 - 6,317 - 460,215 3,617,939
U.S. Treasury securities 2,094,026 - 808 - 265,820 2,094,051
Bills (2) 2 0 + 2 2
Notes and bonds, nominal (2) 1,954,371 - 514 - 270,058 1,954,371
Notes and bonds, inflation-indexed (2) 115,989 - 301 + 2,103 115,989
Inflation compensation (3) 23,664 + 7 + 2,133 23,689
Federal agency debt securities (2) 2,347 0 - 62 2,347
Mortgage-backed securities (4) 1,524,796 - 5,509 - 194,333 1,521,542
Unamortized premiums on securities held outright (5) 129,981 - 420 - 18,659 129,767
Unamortized discounts on securities held outright (5) -12,788 + 38 + 1,073 -12,777
Repurchase agreements (6) 0 0 0 0
Loans 125 + 10 - 110 129
Primary credit 2 - 6 - 7 2
Secondary credit 0 0 0 0
Seasonal credit 122 + 15 - 104 127
Other credit extensions 0 0 0 0
Net portfolio holdings of Maiden Lane LLC (7) 0 0 - 1,711 0
Float -184 + 13 - 16 -499
Central bank liquidity swaps (8) 11 - 27 - 111 11
Other Federal Reserve assets (9) 29,295 + 854 - 1,899 29,589
Foreign currency denominated assets (10) 20,833 - 33 - 261 20,752
Gold stock 11,041 0 0 11,041
Special drawing rights certificate account 5,200 0 0 5,200
Treasury currency outstanding (11) 50,006 + 14 + 367 50,006
Total factors supplying reserve funds 3,854,687 - 5,871 - 481,545 3,851,157
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 Jul 24, 2019
Federal Reserve Banks Jul 24, 2019 Jul 17, 2019 Jul 25, 2018
Currency in circulation (11) 1,745,287 - 2,106 + 78,402 1,746,118
Reverse repurchase agreements (12) 290,175 + 10,296 + 41,878 282,396
Foreign official and international accounts 276,376 + 915 + 30,224 274,141
Others 13,800 + 9,382 + 11,655 8,255
Treasury cash holdings 164 + 3 - 37 174
Deposits with F.R. Banks, other than reserve balances 256,262 - 16,069 - 173,077 253,002
Term deposits held by depository institutions 0 0 0 0
U.S. Treasury, General Account 193,362 - 3,643 - 155,524 178,227
Foreign official 5,256 + 1 0 5,255
Other (13) 57,644 - 12,427 - 17,554 69,520
Other liabilities and capital (14) 44,477 - 653 + 86 44,127
Total factors, other than reserve balances,
absorbing reserve funds 2,336,365 - 8,529 - 52,748 2,325,817
Reserve balances with Federal Reserve Banks 1,518,322 + 2,658 - 428,797 1,525,340
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 Jul 24, 2019
Jul 24, 2019 Jul 17, 2019 Jul 25, 2018
Securities held in custody for foreign official and
international accounts 3,460,932 - 4,622 + 49,107 3,466,169
Marketable U.S. Treasury securities (1) 3,029,902 - 10,709 - 11,252 3,027,262
Federal agency debt and mortgage-backed securities (2) 351,016 + 4,802 + 53,314 358,135
Other securities (3) 80,014 + 1,284 + 7,045 80,772
Securities lent to dealers 24,537 - 758 + 5,033 25,858
Overnight facility (4) 24,537 - 758 + 5,033 25,858
U.S. Treasury securities 24,537 - 758 + 5,033 25,858
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, July 24, 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 104 25 0 0 0 ... 129
U.S. Treasury securities (1)
Holdings 19,310 82,473 256,786 856,275 266,716 612,491 2,094,051
Weekly changes + 2 - 3 + 3 + 7 + 31 + 26 + 67
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 8 335 77,698 1,443,501 1,521,542
Weekly changes 0 0 0 + 4 + 7 - 5,563 - 5,551
Repurchase agreements (4) 0 0 ... ... ... ... 0
Central bank liquidity swaps (5) 11 0 0 0 0 0 11
Reverse repurchase agreements (4) 282,396 0 ... ... ... ... 282,396
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
Jul 24, 2019
Mortgage-backed securities held outright (1) 1,521,542
Commitments to buy mortgage-backed securities (2) 2,637
Commitments to sell mortgage-backed securities (2) 0
Cash and cash equivalents (3) 6
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 Jul 24, 2019 Wednesday Wednesday
consolidation Jul 17, 2019 Jul 25, 2018
Assets
Gold certificate account 11,037 0 0
Special drawing rights certificate account 5,200 0 0
Coin 1,681 + 7 - 82
Securities, unamortized premiums and discounts,
repurchase agreements, and loans 3,735,058 - 5,902 - 471,417
Securities held outright (1) 3,617,939 - 5,485 - 453,891
U.S. Treasury securities 2,094,051 + 67 - 265,842
Bills (2) 2 0 + 2
Notes and bonds, nominal (2) 1,954,371 0 - 270,058
Notes and bonds, inflation-indexed (2) 115,989 0 + 2,103
Inflation compensation (3) 23,689 + 67 + 2,111
Federal agency debt securities (2) 2,347 0 - 62
Mortgage-backed securities (4) 1,521,542 - 5,551 - 187,986
Unamortized premiums on securities held outright
(5) 129,767 - 456 - 18,490
Unamortized discounts on securities held outright
(5) -12,777 + 30 + 1,072
Repurchase agreements (6) 0 0 0
Loans 129 + 9 - 107
Net portfolio holdings of Maiden Lane LLC (7) 0 0 - 1,715
Items in process of collection (0) 108 + 24 - 94
Bank premises 2,189 + 2 + 3
Central bank liquidity swaps (8) 11 - 27 - 111
Foreign currency denominated assets (9) 20,752 - 97 - 384
Other assets (10) 27,400 + 1,318 - 445
Total assets (0) 3,803,436 - 4,674 - 474,245
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 Jul 24, 2019 Wednesday Wednesday
consolidation Jul 17, 2019 Jul 25, 2018
Liabilities
Federal Reserve notes, net of F.R. Bank holdings 1,697,963 - 1,035 + 77,416
Reverse repurchase agreements (11) 282,396 - 200 + 32,056
Deposits (0) 1,778,342 - 3,036 - 584,208
Term deposits held by depository institutions 0 0 0
Other deposits held by depository institutions 1,525,340 + 10,271 - 421,948
U.S. Treasury, General Account 178,227 - 27,976 - 160,751
Foreign official 5,255 0 - 1
Other (12) (0) 69,520 + 14,668 - 1,509
Deferred availability cash items (0) 607 + 376 + 243
Other liabilities and accrued dividends (13) 4,901 - 778 - 74
Total liabilities (0) 3,764,209 - 4,673 - 474,567
Capital accounts
Capital paid in 32,401 - 1 + 321
Surplus 6,825 0 0
Other capital accounts 0 0 0
Total capital 39,226 - 1 + 321
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, July 24, 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 1,681 37 45 148 113 215 186 274 32 46 106 195 285
Securities, unamortized premiums and
discounts, repurchase agreements,
and loans 3,735,058 77,485 2,037,668 90,447 109,275 228,564 255,382 196,061 53,694 32,401 55,384 162,179 436,517
Securities held outright (1) 3,617,939 75,058 1,973,842 87,614 105,852 221,405 247,370 189,911 51,999 31,307 53,648 157,095 422,839
U.S. Treasury securities 2,094,051 43,444 1,142,453 50,711 61,267 128,148 143,177 109,920 30,097 18,120 31,051 90,926 244,737
Bills (2) 2 0 1 0 0 0 0 0 0 0 0 0 0
Notes and bonds (3) 2,094,048 43,443 1,142,451 50,711 61,267 128,148 143,176 109,919 30,097 18,120 31,051 90,926 244,737
Federal agency debt securities (2) 2,347 49 1,280 57 69 144 160 123 34 20 35 102 274
Mortgage-backed securities (4) 1,521,542 31,566 830,109 36,847 44,516 93,113 104,032 79,868 21,869 13,166 22,562 66,067 177,827
Unamortized premiums on securities held
outright (5) 129,767 2,692 70,797 3,143 3,797 7,941 8,873 6,812 1,865 1,123 1,924 5,635 15,166
Unamortized discounts on securities
held outright (5) -12,777 -265 -6,971 -309 -374 -782 -874 -671 -184 -111 -189 -555 -1,493
Repurchase agreements (6) 0 0 0 0 0 0 0 0 0 0 0 0 0
Loans 129 0 0 0 0 0 14 10 14 82 1 4 6
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 108 0 0 0 0 0 107 0 0 0 0 0 0
Bank premises 2,189 106 457 81 117 192 206 191 104 94 229 220 191
Central bank liquidity swaps (8) 11 0 4 1 1 2 1 0 0 0 0 0 2
Foreign currency denominated
assets (9) 20,752 894 6,586 1,199 1,656 4,424 1,207 866 316 99 201 257 3,046
Other assets (10) 27,400 588 14,475 661 812 1,895 1,860 1,408 462 287 488 1,292 3,172
Interdistrict settlement account 0 + 9,989 - 171,808 - 7,238 + 12,902 + 2,684 + 28,819 + 13,969 + 7,311 + 4,335 + 6,511 + 22,668 + 69,858
Total assets 3,803,436 89,648 1,892,951 85,835 125,645 239,143 289,981 213,905 62,398 37,538 63,363 187,984 515,044
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, July 24, 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 1,900,040 57,198 628,465 54,789 90,751 131,050 260,107 123,976 56,451 31,397 50,317 158,972 256,566
Less: Notes held by F.R. Banks 202,076 6,097 46,977 8,233 10,141 15,805 30,568 13,210 6,134 3,426 8,036 20,914 32,535
Federal Reserve notes, net 1,697,963 51,101 581,488 46,556 80,610 115,245 229,539 110,766 50,317 27,970 42,281 138,058 224,031
Reverse repurchase agreements (11) 282,396 5,859 154,067 6,839 8,262 17,282 19,308 14,823 4,059 2,444 4,187 12,262 33,004
Deposits 1,778,342 30,729 1,142,129 30,725 33,361 97,949 38,355 86,435 7,262 6,291 16,342 36,920 251,844
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 1,525,340 30,719 928,007 30,722 33,328 97,736 38,318 48,045 7,258 6,240 16,317 36,813 251,837
U.S. Treasury, General Account 178,227 0 178,227 0 0 0 0 0 0 0 0 0 0
Foreign official 5,255 2 5,228 2 3 9 2 2 1 0 0 0 6
Other (12) 69,520 8 30,668 1 30 205 34 38,388 4 51 25 106 0
Deferred availability cash items 607 0 0 0 0 0 116 0 0 491 0 0 0
Earnings remittances due to the U.S.
Treasury (13) 848 15 479 18 22 31 89 39 17 10 14 52 62
Other liabilities and accrued
dividends 4,053 158 1,588 171 178 467 283 269 127 143 145 204 320
Total liabilities 3,764,209 87,862 1,879,752 84,309 122,433 230,974 287,690 212,332 61,782 37,348 62,969 187,496 509,262
Capital
Capital paid in 32,401 1,491 11,033 1,132 2,667 6,714 1,894 1,288 512 157 328 404 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 3,803,436 89,648 1,892,951 85,835 125,645 239,143 289,981 213,905 62,398 37,538 63,363 187,984 515,044
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, July 24, 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
Jul 24, 2019
Federal Reserve notes outstanding 1,900,040
Less: Notes held by F.R. Banks not subject to collateralization 202,076
Federal Reserve notes to be collateralized 1,697,963
Collateral held against Federal Reserve notes 1,697,963
Gold certificate account 11,037
Special drawing rights certificate account 5,200
U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 1,681,726
Other assets pledged 0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 3,617,939
Less: Face value of securities under reverse repurchase agreements 277,613
U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,340,327
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