Skip to Content
Release Date: February 06, 2020
Release dates | Data Download Program (DDP) |
About |
Announcements |
Technical Q&As
Current release Other formats:
Screen reader |
ASCII |
PDF
(21 KB)
FEDERAL RESERVE statistical release
H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks February 6, 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 Feb 5, 2020
Federal Reserve Banks Feb 5, 2020 Jan 29, 2020 Feb 6, 2019
Reserve Bank credit 4,119,939 + 4,731 + 133,606 4,128,065
Securities held outright (1) 3,805,473 + 11,989 - 24,498 3,817,516
U.S. Treasury securities 2,415,837 + 18,482 + 210,084 2,427,880
Bills (2) 236,820 + 13,930 + 236,820 247,536
Notes and bonds, nominal (2) 2,024,338 + 3,333 - 45,058 2,025,475
Notes and bonds, inflation-indexed (2) 129,245 + 1,240 + 14,476 129,451
Inflation compensation (3) 25,434 - 21 + 3,846 25,418
Federal agency debt securities (2) 2,347 0 - 62 2,347
Mortgage-backed securities (4) 1,387,289 - 6,492 - 234,520 1,387,289
Unamortized premiums on securities held outright (5) 123,542 - 188 - 14,833 123,542
Unamortized discounts on securities held outright (5) -13,308 - 14 - 39 -13,333
Repurchase agreements (6) 175,319 - 6,992 + 175,319 170,250
Loans 6 0 - 9 1
Primary credit 5 - 1 + 1 0
Secondary credit 0 0 0 0
Seasonal credit 0 0 - 10 1
Other credit extensions 0 0 0 0
Net portfolio holdings of Maiden Lane LLC (7) 0 0 0 0
Float -344 - 159 - 101 -104
Central bank liquidity swaps (8) 48 - 3 - 18 48
Other Federal Reserve assets (9) 29,203 + 99 - 2,215 30,145
Foreign currency denominated assets (10) 20,620 + 108 - 369 20,453
Gold stock 11,041 0 0 11,041
Special drawing rights certificate account 5,200 0 0 5,200
Treasury currency outstanding (11) 50,176 + 14 + 379 50,176
Total factors supplying reserve funds 4,206,977 + 4,854 + 133,618 4,214,936
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 Feb 5, 2020
Federal Reserve Banks Feb 5, 2020 Jan 29, 2020 Feb 6, 2019
Currency in circulation (11) 1,792,655 + 417 + 89,283 1,794,675
Reverse repurchase agreements (12) 244,544 + 8,921 - 12,423 239,163
Foreign official and international accounts 240,255 + 6,519 - 15,116 235,051
Others 4,289 + 2,402 + 2,693 4,112
Treasury cash holdings 219 + 11 - 41 228
Deposits with F.R. Banks, other than reserve balances 480,775 - 32,331 + 60,261 484,389
Term deposits held by depository institutions 0 0 0 0
U.S. Treasury, General Account 413,322 - 18,739 + 60,947 416,585
Foreign official 5,182 + 2 - 62 5,183
Other (13) 62,270 - 13,594 - 626 62,621
Other liabilities and capital (14) 43,768 - 838 + 76 43,607
Total factors, other than reserve balances,
absorbing reserve funds 2,561,960 - 23,821 + 137,154 2,562,063
Reserve balances with Federal Reserve Banks 1,645,016 + 28,674 - 3,537 1,652,873
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 Feb 5, 2020
Feb 5, 2020 Jan 29, 2020 Feb 6, 2019
Securities held in custody for foreign official and
international accounts 3,426,345 - 8,028 - 572 3,435,564
Marketable U.S. Treasury securities (1) 2,979,721 - 5,763 - 57,404 2,989,080
Federal agency debt and mortgage-backed securities (2) 364,874 - 333 + 45,629 364,953
Other securities (3) 81,750 - 1,931 + 11,204 81,531
Securities lent to dealers 31,429 + 2,731 + 8,977 34,868
Overnight facility (4) 31,429 + 2,731 + 8,977 34,868
U.S. Treasury securities 31,429 + 2,731 + 8,977 34,868
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, February 5, 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 0 1 0 0 0 ... 1
U.S. Treasury securities (1)
Holdings 53,364 115,176 378,638 917,955 319,329 643,419 2,427,880
Weekly changes + 25,098 - 20,026 + 105 + 9,736 + 3,731 + 129 + 18,772
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 1 4 1,394 71,691 1,314,200 1,387,289
Weekly changes 0 + 1 + 1 + 245 + 815 - 1,060 + 1
Repurchase agreements (4) 170,250 0 ... ... ... ... 170,250
Central bank liquidity swaps (5) 48 0 0 0 0 0 48
Reverse repurchase agreements (4) 239,163 0 ... ... ... ... 239,163
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
Feb 5, 2020
Mortgage-backed securities held outright (1) 1,387,289
Commitments to buy mortgage-backed securities (2) 7,770
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 Feb 5, 2020 Wednesday Wednesday
consolidation Jan 29, 2020 Feb 6, 2019
Assets
Gold certificate account 11,037 0 0
Special drawing rights certificate account 5,200 0 0
Coin 1,772 + 5 - 39
Securities, unamortized premiums and discounts,
repurchase agreements, and loans 4,097,977 + 13,854 + 143,007
Securities held outright (1) 3,817,516 + 18,773 - 12,414
U.S. Treasury securities 2,427,880 + 18,772 + 222,167
Bills (2) 247,536 + 15,002 + 247,536
Notes and bonds, nominal (2) 2,025,475 + 2,354 - 43,921
Notes and bonds, inflation-indexed (2) 129,451 + 1,446 + 14,682
Inflation compensation (3) 25,418 - 30 + 3,870
Federal agency debt securities (2) 2,347 0 - 62
Mortgage-backed securities (4) 1,387,289 + 1 - 234,520
Unamortized premiums on securities held outright
(5) 123,542 + 15 - 14,739
Unamortized discounts on securities held outright
(5) -13,333 - 27 - 75
Repurchase agreements (6) 170,250 - 4,875 + 170,250
Loans 1 - 33 - 15
Net portfolio holdings of Maiden Lane LLC (7) 0 0 0
Items in process of collection (0) 76 + 22 + 10
Bank premises 2,193 - 17 - 6
Central bank liquidity swaps (8) 48 - 3 - 18
Foreign currency denominated assets (9) 20,453 - 46 - 441
Other assets (10) 27,952 + 1,263 - 2,156
Total assets (0) 4,166,707 + 15,077 + 140,357
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 Feb 5, 2020 Wednesday Wednesday
consolidation Jan 29, 2020 Feb 6, 2019
Liabilities
Federal Reserve notes, net of F.R. Bank holdings 1,746,494 + 1,897 + 88,883
Reverse repurchase agreements (11) 239,163 + 5,759 - 9,067
Deposits (0) 2,137,263 + 8,499 + 60,600
Term deposits held by depository institutions 0 0 0
Other deposits held by depository institutions 1,652,873 + 40,650 - 5,990
U.S. Treasury, General Account 416,585 - 33,952 + 62,689
Foreign official 5,183 + 2 - 61
Other (12) (0) 62,621 + 1,798 + 3,961
Deferred availability cash items (0) 180 - 549 - 77
Other liabilities and accrued dividends (13) 5,105 - 508 + 667
Total liabilities (0) 4,128,205 + 15,097 + 141,005
Capital accounts
Capital paid in 31,677 - 20 - 649
Surplus 6,825 0 0
Other capital accounts 0 0 0
Total capital 38,502 - 20 - 649
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, February 5, 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 1,772 43 54 157 100 236 178 286 36 51 120 207 304
Securities, unamortized premiums and
discounts, repurchase agreements,
and loans 4,097,977 85,017 2,235,736 99,239 119,896 250,781 280,191 215,109 58,899 35,461 60,766 177,939 478,942
Securities held outright (1) 3,817,516 79,199 2,082,725 92,447 111,691 233,618 261,015 200,387 54,868 33,034 56,608 165,761 446,164
U.S. Treasury securities 2,427,880 50,369 1,324,580 58,795 71,034 148,578 166,002 127,443 34,895 21,009 36,002 105,421 283,753
Bills (2) 247,536 5,135 135,048 5,994 7,242 15,148 16,925 12,994 3,558 2,142 3,671 10,748 28,930
Notes and bonds (3) 2,180,344 45,234 1,189,532 52,801 63,791 133,429 149,077 114,449 31,337 18,867 32,331 94,673 254,823
Federal agency debt securities (2) 2,347 49 1,280 57 69 144 160 123 34 20 35 102 274
Mortgage-backed securities (4) 1,387,289 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) 123,542 2,563 67,401 2,992 3,615 7,560 8,447 6,485 1,776 1,069 1,832 5,364 14,439
Unamortized discounts on securities
held outright (5) -13,333 -277 -7,274 -323 -390 -816 -912 -700 -192 -115 -198 -579 -1,558
Repurchase agreements (6) 170,250 3,532 92,883 4,123 4,981 10,419 11,641 8,937 2,447 1,473 2,525 7,392 19,898
Loans 1 0 0 0 0 0 0 1 0 0 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 76 0 0 0 0 0 75 0 0 1 0 0 0
Bank premises 2,193 105 454 91 117 191 202 192 102 93 228 222 196
Central bank liquidity swaps (8) 48 2 15 3 4 10 3 2 1 0 0 1 7
Foreign currency denominated
assets (9) 20,453 881 6,492 1,182 1,633 4,361 1,189 854 312 97 198 253 3,002
Other assets (10) 27,952 598 14,757 672 838 1,951 1,892 1,439 516 308 509 1,241 3,230
Interdistrict settlement account 0 + 10,484 - 60,623 - 12,806 + 8,703 - 6,172 + 22,703 + 4,844 + 8,590 + 3,681 + 6,238 + 22,008 - 7,651
Total assets 4,166,707 97,676 2,202,410 89,074 132,059 252,525 308,648 223,863 68,934 39,968 68,504 203,043 480,005
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, February 5, 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 1,958,571 60,819 642,988 57,489 93,786 134,241 273,647 126,673 59,429 32,059 54,155 163,965 259,319
Less: Notes held by F.R. Banks 212,077 6,241 51,572 8,917 10,145 17,059 33,082 13,499 5,286 3,055 7,137 19,998 36,086
Federal Reserve notes, net 1,746,494 54,578 591,416 48,573 83,641 117,183 240,565 113,174 54,142 29,004 47,018 143,967 223,233
Reverse repurchase agreements (11) 239,163 4,962 130,481 5,792 6,997 14,636 16,352 12,554 3,437 2,070 3,546 10,385 27,952
Deposits 2,137,263 36,135 1,465,406 33,138 37,921 112,060 49,400 96,311 10,556 8,331 17,358 47,983 222,663
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 1,652,873 36,109 1,020,306 33,136 37,842 111,816 49,366 57,575 10,553 8,279 17,325 47,910 222,657
U.S. Treasury, General Account 416,585 0 416,585 0 0 0 0 0 0 0 0 0 0
Foreign official 5,183 2 5,155 2 3 9 2 2 1 0 0 0 6
Other (12) 62,621 24 23,360 0 75 235 32 38,734 2 51 33 73 1
Deferred availability cash items 180 0 0 0 0 0 69 0 0 111 0 0 0
Earnings remittances due to the U.S.
Treasury (13) 1,082 15 591 26 34 26 98 52 30 15 20 56 119
Other liabilities and accrued
dividends 4,023 158 1,569 158 174 489 268 277 136 137 155 195 309
Total liabilities 4,128,205 95,847 2,189,463 87,687 128,767 244,394 306,752 222,367 68,302 39,667 68,098 202,585 474,275
Capital
Capital paid in 31,677 1,505 10,653 1,141 2,708 6,690 1,557 1,231 520 248 334 377 4,713
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 4,166,707 97,676 2,202,410 89,074 132,059 252,525 308,648 223,863 68,934 39,968 68,504 203,043 480,005
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, February 5, 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
Feb 5, 2020
Federal Reserve notes outstanding 1,958,571
Less: Notes held by F.R. Banks not subject to collateralization 212,077
Federal Reserve notes to be collateralized 1,746,494
Collateral held against Federal Reserve notes 1,746,494
Gold certificate account 11,037
Special drawing rights certificate account 5,200
U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 1,730,257
Other assets pledged 0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 3,987,766
Less: Face value of securities under reverse repurchase agreements 234,548
U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,753,218
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 |
PDF
(21 KB)
Statistical releases