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Release Date: November 14, 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 November 14, 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 Nov 13, 2019
Federal Reserve Banks Nov 13, 2019 Nov 6, 2019 Nov 14, 2018
Reserve Bank credit 4,006,351 + 6,610 - 98,598 4,009,202
Securities held outright (1) 3,647,833 + 17,466 - 294,497 3,653,964
U.S. Treasury securities 2,199,094 + 16,845 - 71,315 2,201,529
Bills (2) 66,867 + 11,573 + 66,867 69,011
Notes and bonds, nominal (2) 1,983,196 + 3,544 - 149,566 1,983,196
Notes and bonds, inflation-indexed (2) 124,143 + 1,372 + 8,564 124,372
Inflation compensation (3) 24,887 + 355 + 2,819 24,950
Federal agency debt securities (2) 2,347 0 - 62 2,347
Mortgage-backed securities (4) 1,446,392 + 621 - 223,120 1,450,089
Unamortized premiums on securities held outright (5) 126,862 + 250 - 15,992 126,854
Unamortized discounts on securities held outright (5) -12,723 + 32 + 766 -12,731
Repurchase agreements (6) 213,514 - 13,589 + 213,514 209,609
Loans 24 - 1 - 71 37
Primary credit 4 + 3 - 16 16
Secondary credit 0 0 0 0
Seasonal credit 21 - 4 - 54 21
Other credit extensions 0 0 0 0
Net portfolio holdings of Maiden Lane LLC (7) 0 0 - 7 0
Float -103 + 88 + 68 -150
Central bank liquidity swaps (8) 41 - 5 - 6 41
Other Federal Reserve assets (9) 30,902 + 2,367 - 2,374 31,577
Foreign currency denominated assets (10) 20,526 - 195 - 17 20,531
Gold stock 11,041 0 0 11,041
Special drawing rights certificate account 5,200 0 0 5,200
Treasury currency outstanding (11) 50,078 + 14 + 348 50,078
Total factors supplying reserve funds 4,093,196 + 6,429 - 98,268 4,096,052
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 Nov 13, 2019
Federal Reserve Banks Nov 13, 2019 Nov 6, 2019 Nov 14, 2018
Currency in circulation (11) 1,786,912 + 4,625 + 85,973 1,787,932
Reverse repurchase agreements (12) 283,631 - 10,640 + 58,579 282,072
Foreign official and international accounts 282,583 - 9,442 + 58,173 280,310
Others 1,048 - 1,198 + 406 1,762
Treasury cash holdings 193 - 3 - 36 185
Deposits with F.R. Banks, other than reserve balances 444,636 + 4,029 + 25,700 437,792
Term deposits held by depository institutions 0 0 0 0
U.S. Treasury, General Account 381,955 + 4,926 + 40,861 370,185
Foreign official 5,183 0 - 75 5,183
Other (13) 57,497 - 898 - 15,087 62,424
Other liabilities and capital (14) 45,509 + 43 + 583 45,406
Total factors, other than reserve balances,
absorbing reserve funds 2,560,880 - 1,947 + 170,799 2,553,388
Reserve balances with Federal Reserve Banks 1,532,316 + 8,377 - 269,067 1,542,664
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 Nov 13, 2019
Nov 13, 2019 Nov 6, 2019 Nov 14, 2018
Securities held in custody for foreign official and
international accounts 3,420,430 + 1,565 + 291 3,420,042
Marketable U.S. Treasury securities (1) 2,973,892 + 857 - 73,099 2,972,039
Federal agency debt and mortgage-backed securities (2) 362,712 + 383 + 56,075 363,993
Other securities (3) 83,827 + 327 + 17,316 84,010
Securities lent to dealers 27,941 + 788 + 12,013 27,222
Overnight facility (4) 27,941 + 788 + 12,013 27,222
U.S. Treasury securities 27,941 + 788 + 12,013 27,222
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, November 13, 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 22 15 0 0 0 ... 37
U.S. Treasury securities (1)
Holdings 41,805 66,967 287,950 867,266 310,038 627,503 2,201,529
Weekly changes - 17 + 1,001 + 2,018 + 538 + 1,460 + 2,211 + 7,211
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 15 953 77,491 1,371,630 1,450,089
Weekly changes 0 0 0 0 0 + 4,313 + 4,313
Repurchase agreements (4) 209,609 0 ... ... ... ... 209,609
Central bank liquidity swaps (5) 41 0 0 0 0 0 41
Reverse repurchase agreements (4) 282,072 0 ... ... ... ... 282,072
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
Nov 13, 2019
Mortgage-backed securities held outright (1) 1,450,089
Commitments to buy mortgage-backed securities (2) 5,540
Commitments to sell mortgage-backed securities (2) 0
Cash and cash equivalents (3) 0
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 Nov 13, 2019 Wednesday Wednesday
consolidation Nov 6, 2019 Nov 14, 2018
Assets
Gold certificate account 11,037 0 0
Special drawing rights certificate account 5,200 0 0
Coin 1,667 - 7 - 54
Securities, unamortized premiums and discounts,
repurchase agreements, and loans 3,977,733 + 6,286 - 95,405
Securities held outright (1) 3,653,964 + 11,523 - 289,690
U.S. Treasury securities 2,201,529 + 7,211 - 68,891
Bills (2) 69,011 + 3,001 + 69,011
Notes and bonds, nominal (2) 1,983,196 + 2,201 - 149,566
Notes and bonds, inflation-indexed (2) 124,372 + 1,601 + 8,793
Inflation compensation (3) 24,950 + 408 + 2,870
Federal agency debt securities (2) 2,347 0 - 62
Mortgage-backed securities (4) 1,450,089 + 4,313 - 220,736
Unamortized premiums on securities held outright
(5) 126,854 + 250 - 15,934
Unamortized discounts on securities held outright
(5) -12,731 + 50 + 749
Repurchase agreements (6) 209,609 - 5,551 + 209,609
Loans 37 + 15 - 139
Net portfolio holdings of Maiden Lane LLC (7) 0 0 - 7
Items in process of collection (0) 95 + 19 - 61
Bank premises 2,188 + 2 - 1
Central bank liquidity swaps (8) 41 - 5 - 6
Foreign currency denominated assets (9) 20,531 - 76 + 1
Other assets (10) 29,389 + 2,218 - 2,478
Total assets (0) 4,047,882 + 8,439 - 98,010
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 Nov 13, 2019 Wednesday Wednesday
consolidation Nov 6, 2019 Nov 14, 2018
Liabilities
Federal Reserve notes, net of F.R. Bank holdings 1,739,702 + 2,967 + 84,831
Reverse repurchase agreements (11) 282,072 - 6,424 + 61,961
Deposits (0) 1,980,457 + 11,676 - 245,519
Term deposits held by depository institutions 0 0 0
Other deposits held by depository institutions 1,542,664 + 13,907 - 256,865
U.S. Treasury, General Account 370,185 - 7,999 + 41,499
Foreign official 5,183 0 - 73
Other (12) (0) 62,424 + 5,767 - 30,081
Deferred availability cash items (0) 245 + 47 - 159
Other liabilities and accrued dividends (13) 6,088 + 172 + 682
Total liabilities (0) 4,008,563 + 8,437 - 98,205
Capital accounts
Capital paid in 32,493 0 + 194
Surplus 6,825 0 0
Other capital accounts 0 0 0
Total capital 39,318 0 + 194
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, November 13, 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 43 47 150 106 212 173 276 34 46 109 186 285
Securities, unamortized premiums and
discounts, repurchase agreements,
and loans 3,977,733 82,522 2,170,116 96,326 116,377 243,421 271,973 208,795 57,170 34,435 58,983 172,716 464,899
Securities held outright (1) 3,653,964 75,806 1,993,496 88,487 106,906 223,610 249,833 191,802 52,517 31,619 54,182 158,659 427,049
U.S. Treasury securities 2,201,529 45,673 1,201,090 53,314 64,411 134,726 150,525 115,561 31,642 19,050 32,645 95,593 257,299
Bills (2) 69,011 1,432 37,650 1,671 2,019 4,223 4,718 3,622 992 597 1,023 2,997 8,066
Notes and bonds (3) 2,132,518 44,242 1,163,439 51,642 62,392 130,502 145,807 111,939 30,650 18,453 31,622 92,596 249,233
Federal agency debt securities (2) 2,347 49 1,280 57 69 144 160 123 34 20 35 102 274
Mortgage-backed securities (4) 1,450,089 30,084 791,126 35,116 42,426 88,740 99,147 76,117 20,842 12,548 21,502 62,965 169,476
Unamortized premiums on securities held
outright (5) 126,854 2,632 69,208 3,072 3,711 7,763 8,673 6,659 1,823 1,098 1,881 5,508 14,826
Unamortized discounts on securities
held outright (5) -12,731 -264 -6,946 -308 -372 -779 -870 -668 -183 -110 -189 -553 -1,488
Repurchase agreements (6) 209,609 4,349 114,357 5,076 6,133 12,827 14,332 11,003 3,013 1,814 3,108 9,101 24,498
Loans 37 0 1 0 0 0 6 0 0 15 0 0 15
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 95 0 0 0 0 0 94 0 0 1 0 0 0
Bank premises 2,188 107 455 84 116 191 204 193 102 94 228 224 189
Central bank liquidity swaps (8) 41 2 13 2 3 9 2 2 1 0 0 1 6
Foreign currency denominated
assets (9) 20,531 884 6,516 1,186 1,639 4,377 1,194 857 313 98 199 254 3,014
Other assets (10) 29,389 626 15,578 704 872 2,013 1,993 1,511 511 331 525 1,330 3,395
Interdistrict settlement account 0 + 3,770 - 135,893 - 15,059 + 15,343 + 2,370 + 32,419 + 9,860 + 8,827 + 4,730 + 7,721 + 25,887 + 40,024
Total assets 4,047,882 88,500 2,062,357 83,931 135,225 253,759 310,266 222,630 67,436 40,010 68,210 201,770 513,788
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, November 13, 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 1,947,241 59,651 641,768 56,247 93,415 133,018 272,816 126,175 58,334 31,180 52,558 162,911 259,167
Less: Notes held by F.R. Banks 207,539 6,334 53,431 8,871 9,174 15,807 30,115 13,467 5,730 3,445 7,645 20,505 33,016
Federal Reserve notes, net 1,739,702 53,317 588,337 47,376 84,241 117,211 242,701 112,708 52,605 27,735 44,913 142,407 226,151
Reverse repurchase agreements (11) 282,072 5,852 153,890 6,831 8,253 17,262 19,286 14,806 4,054 2,441 4,183 12,248 32,967
Deposits 1,980,457 27,338 1,304,292 27,968 39,229 110,493 45,394 93,241 9,980 9,216 18,530 46,346 248,429
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 1,542,664 27,324 901,480 27,966 39,196 110,087 45,359 58,940 9,977 9,158 18,511 46,244 248,422
U.S. Treasury, General Account 370,185 0 370,185 0 0 0 0 0 0 0 0 0 0
Foreign official 5,183 2 5,156 2 3 9 2 2 1 0 0 0 6
Other (12) 62,424 12 27,471 0 30 398 33 34,300 3 57 19 102 1
Deferred availability cash items 245 0 0 0 0 0 77 0 0 167 0 0 0
Earnings remittances due to the U.S.
Treasury (13) 1,424 26 807 33 39 70 115 69 22 12 18 70 144
Other liabilities and accrued
dividends 4,663 180 1,813 187 211 550 328 297 153 158 170 239 378
Total liabilities 4,008,563 86,712 2,049,139 82,395 131,972 245,587 307,901 221,122 66,814 39,729 67,814 201,310 508,068
Capital
Capital paid in 32,493 1,494 11,053 1,142 2,708 6,717 1,968 1,223 517 248 330 375 4,718
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 4,047,882 88,500 2,062,357 83,931 135,225 253,759 310,266 222,630 67,436 40,010 68,210 201,770 513,788
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, November 13, 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
Nov 13, 2019
Federal Reserve notes outstanding 1,947,241
Less: Notes held by F.R. Banks not subject to collateralization 207,539
Federal Reserve notes to be collateralized 1,739,702
Collateral held against Federal Reserve notes 1,739,702
Gold certificate account 11,037
Special drawing rights certificate account 5,200
U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 1,723,465
Other assets pledged 0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 3,863,573
Less: Face value of securities under reverse repurchase agreements 265,582
U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,597,991
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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Statistical releases