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Release Date: January 17, 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 January 17, 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 Jan 16, 2019
Federal Reserve Banks Jan 16, 2019 Jan 9, 2019 Jan 17, 2018
Reserve Bank credit 4,015,961 - 866 - 388,161 4,010,725
Securities held outright (1) 3,860,049 - 1,934 - 366,151 3,855,356
U.S. Treasury securities 2,221,749 - 701 - 226,117 2,220,219
Bills (2) 0 0 0 0
Notes and bonds, nominal (2) 2,083,586 0 - 235,360 2,083,586
Notes and bonds, inflation-indexed (2) 116,037 - 508 + 6,655 114,769
Inflation compensation (3) 22,125 - 194 + 2,587 21,863
Federal agency debt securities (2) 2,409 0 - 1,982 2,409
Mortgage-backed securities (4) 1,635,891 - 1,232 - 138,051 1,632,729
Unamortized premiums on securities held outright (5) 139,592 - 264 - 18,863 139,410
Unamortized discounts on securities held outright (5) -13,367 + 31 + 735 -13,354
Repurchase agreements (6) 0 0 0 0
Loans 15 + 8 - 33 15
Primary credit 14 + 7 - 32 12
Secondary credit 0 0 0 0
Seasonal credit 1 + 1 - 2 3
Other credit extensions 0 0 0 0
Net portfolio holdings of Maiden Lane LLC (7) 0 0 - 1,715 0
Float -202 - 5 + 47 -108
Central bank liquidity swaps (8) 88 - 587 - 30 88
Other Federal Reserve assets (9) 29,786 + 1,884 - 2,151 29,318
Foreign currency denominated assets (10) 21,087 + 19 - 568 20,997
Gold stock 11,041 0 0 11,041
Special drawing rights certificate account 5,200 0 0 5,200
Treasury currency outstanding (11) 49,901 + 14 + 490 49,901
Total factors supplying reserve funds 4,103,190 - 833 - 388,238 4,097,864
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.
1. Factors Affecting Reserve Balances of Depository Institutions (continued)
Millions of dollars
Reserve Bank credit, related items, and Averages of daily figures Wednesday
reserve balances of depository institutions at Week ended Change from week ended Jan 16, 2019
Federal Reserve Banks Jan 16, 2019 Jan 9, 2019 Jan 17, 2018
Currency in circulation (11) 1,706,879 - 8,685 + 96,232 1,705,632
Reverse repurchase agreements (12) 262,233 + 216 + 1,398 255,955
Foreign official and international accounts 260,405 + 1,804 + 22,785 254,639
Others 1,829 - 1,587 - 21,386 1,316
Treasury cash holdings 223 + 8 - 5 235
Deposits with F.R. Banks, other than reserve balances 424,749 - 7,709 + 103,957 466,184
Term deposits held by depository institutions 0 0 0 0
U.S. Treasury, General Account 351,180 - 5,518 + 123,515 396,414
Foreign official 5,247 - 17 - 6 5,243
Other (13) 68,322 - 2,173 - 19,551 64,527
Other liabilities and capital (14) 44,968 + 1,585 - 4,059 44,357
Total factors, other than reserve balances,
absorbing reserve funds 2,439,052 - 14,584 + 197,523 2,472,363
Reserve balances with Federal Reserve Banks 1,664,138 + 13,751 - 585,761 1,625,501
Note: Components may not sum to totals because of rounding.
1. Includes securities lent to dealers under the overnight securities lending facility; refer to table
1A.
2. Face value of the securities.
3. Compensation that adjusts for the effect of inflation on the original face value of
inflation-indexed securities.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the
remaining principal balance of the securities.
5. Reflects the premium or discount, which is the difference between the purchase price and the face
value of the securities that has not been amortized. For U.S. Treasury securities, Federal agency debt
securities, and mortgage-backed securities, amortization is on an effective-interest basis.
6. Cash value of agreements.
7. Refer to the note on consolidation accompanying table 5.
8. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used
when the foreign currency is returned to the foreign central bank. This exchange rate equals the
market exchange rate used when the foreign currency was acquired from the foreign central bank.
9. Includes accrued interest, which represents the daily accumulation of interest earned, and other
accounts receivable. Also, includes Reserve Bank premises and equipment net of allowances for
depreciation.
10. Revalued daily at current foreign currency exchange rates.
11. Estimated.
12. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt
securities, and mortgage-backed securities.
13. Includes deposits held at the Reserve Banks by international and multilateral organizations,
government-sponsored enterprises, designated financial market utilities, and deposits held by depository
institutions in joint accounts in connection with their participation in certain private-sector payment
arrangements. Also includes certain deposit accounts other than the U.S. Treasury, General Account,
for services provided by the Reserve Banks as fiscal agents of the United States.
14. Includes the liability for earnings remittances due to the U.S. Treasury.
Sources: Federal Reserve Banks and the U.S. Department of the Treasury.
1A. Memorandum Items
Millions of dollars
Memorandum item Averages of daily figures Wednesday
Week ended Change from week ended Jan 16, 2019
Jan 16, 2019 Jan 9, 2019 Jan 17, 2018
Securities held in custody for foreign official and
international accounts 3,403,279 + 7,635 + 47,741 3,410,003
Marketable U.S. Treasury securities (1) 3,027,819 + 5,490 + 12,780 3,033,022
Federal agency debt and mortgage-backed securities (2) 307,909 + 758 + 46,090 308,544
Other securities (3) 67,551 + 1,386 - 11,130 68,437
Securities lent to dealers 21,188 - 3,287 + 789 18,086
Overnight facility (4) 21,188 - 3,287 + 789 18,086
U.S. Treasury securities 21,188 - 3,287 + 789 18,086
Federal agency debt securities 0 0 0 0
Note: Components may not sum to totals because of rounding.
1. Includes securities and U.S. Treasury STRIPS at face value, and inflation compensation on TIPS.
Does not include securities pledged as collateral to foreign official and international account holders
against reverse repurchase agreements with the Federal Reserve presented in tables 1, 4, and 5.
2. Face value of federal agency securities and current face value of mortgage-backed securities, which
is the remaining principal balance of the securities.
3. Includes non-marketable U.S. Treasury securities, supranationals, corporate bonds, asset-backed
securities, and commercial paper at face value.
4. Face value. Fully collateralized by U.S. Treasury securities.
2. Maturity Distribution of Securities, Loans, and Selected Other Assets and Liabilities, January 16, 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 13 2 0 0 0 ... 15
U.S. Treasury securities (1)
Holdings 14,191 78,611 292,515 955,556 260,811 618,535 2,220,219
Weekly changes + 12,101 - 14,011 + 2,293 - 2,489 - 38 - 50 - 2,193
Federal agency debt securities (2)
Holdings 0 62 0 0 0 2,347 2,409
Weekly changes 0 0 0 0 0 0 0
Mortgage-backed securities (3)
Holdings 0 0 4 215 65,268 1,567,241 1,632,729
Weekly changes 0 0 0 - 3 - 358 - 4,034 - 4,394
Repurchase agreements (4) 0 0 ... ... ... ... 0
Central bank liquidity swaps (5) 88 0 0 0 0 0 88
Reverse repurchase agreements (4) 255,955 0 ... ... ... ... 255,955
Term deposits 0 0 0 ... ... ... 0
Note: Components may not sum to totals because of rounding.
...Not applicable.
1. Face value. For inflation-indexed securities, includes the original face value and compensation
that adjusts for the effect of inflation on the original face value of such securities.
2. Face value.
3. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the
remaining principal balance of the securities.
4. Cash value of agreements.
5. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used
when the foreign currency is returned to the foreign central bank. This exchange rate equals the
market exchange rate used when the foreign currency was acquired from the foreign central bank.
3. Supplemental Information on Mortgage-Backed Securities
Millions of dollars
Account name Wednesday
Jan 16, 2019
Mortgage-backed securities held outright (1) 1,632,729
Commitments to buy mortgage-backed securities (2) 353
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 Jan 16, 2019 Wednesday Wednesday
consolidation Jan 9, 2019 Jan 17, 2018
Assets
Gold certificate account 11,037 0 0
Special drawing rights certificate account 5,200 0 0
Coin 1,768 + 23 - 148
Securities, unamortized premiums and discounts,
repurchase agreements, and loans 3,981,427 - 6,926 - 384,559
Securities held outright (1) 3,855,356 - 6,588 - 366,393
U.S. Treasury securities 2,220,219 - 2,193 - 226,790
Bills (2) 0 0 0
Notes and bonds, nominal (2) 2,083,586 0 - 236,715
Notes and bonds, inflation-indexed (2) 114,769 - 1,776 + 7,266
Inflation compensation (3) 21,863 - 418 + 2,658
Federal agency debt securities (2) 2,409 0 - 1,982
Mortgage-backed securities (4) 1,632,729 - 4,394 - 137,620
Unamortized premiums on securities held outright
(5) 139,410 - 379 - 18,842
Unamortized discounts on securities held outright
(5) -13,354 + 33 + 759
Repurchase agreements (6) 0 0 0
Loans 15 + 8 - 83
Net portfolio holdings of Maiden Lane LLC (7) 0 0 - 1,715
Items in process of collection (0) 209 + 20 + 107
Bank premises 2,204 + 2 - 3
Central bank liquidity swaps (8) 88 + 2 - 30
Foreign currency denominated assets (9) 20,997 - 162 - 770
Other assets (10) 27,114 + 522 - 1,984
Total assets (0) 4,050,044 - 6,519 - 389,101
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.
4. Consolidated Statement of Condition of All Federal Reserve Banks (continued)
Millions of dollars
Assets, liabilities, and capital Eliminations Wednesday Change since
from Jan 16, 2019 Wednesday Wednesday
consolidation Jan 9, 2019 Jan 17, 2018
Liabilities
Federal Reserve notes, net of F.R. Bank holdings 1,657,729 - 6,291 + 94,722
Reverse repurchase agreements (11) 255,955 - 4,486 - 4,804
Deposits (0) 2,091,685 + 3,992 - 475,313
Term deposits held by depository institutions 0 0 0
Other deposits held by depository institutions 1,625,501 - 38,685 - 608,951
U.S. Treasury, General Account 396,414 + 46,971 + 139,694
Foreign official 5,243 - 2 - 10
Other (12) (0) 64,527 - 4,292 - 6,047
Deferred availability cash items (0) 317 - 53 + 70
Other liabilities and accrued dividends (13) 5,223 + 316 - 1,505
Total liabilities (0) 4,010,910 - 6,520 - 386,830
Capital accounts
Capital paid in 32,308 0 + 903
Surplus 6,825 0 - 3,175
Other capital accounts 0 0 0
Total capital 39,133 0 - 2,272
Note: Components may not sum to totals because of rounding.
1. Includes securities lent to dealers under the overnight securities lending facility; refer to table
1A.
2. Face value of the securities.
3. Compensation that adjusts for the effect of inflation on the original face value of
inflation-indexed securities.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the
remaining principal balance of the securities.
5. Reflects the premium or discount, which is the difference between the purchase price and the face
value of the securities that has not been amortized. For U.S. Treasury securities, Federal agency debt
securities, and mortgage-backed securities, amortization is on an effective-interest basis.
6. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.
7. Refer to the note on consolidation accompanying table 5.
8. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used
when the foreign currency is returned to the foreign central bank. This exchange rate equals the
market exchange rate used when the foreign currency was acquired from the foreign central bank.
9. Revalued daily at current foreign currency exchange rates.
10. Includes accrued interest, which represents the daily accumulation of interest earned, and other
accounts receivable.
11. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt
securities, and mortgage-backed securities.
12. Includes deposits held at the Reserve Banks by international and multilateral organizations,
government-sponsored enterprises, designated financial market utilities, and deposits held by depository
institutions in joint accounts in connection with their participation in certain private-sector payment
arrangements. Also includes certain deposit accounts other than the U.S. Treasury, General Account,
for services provided by the Reserve Banks as fiscal agents of the United States.
13. Includes the liability for earnings remittances due to the U.S. Treasury.
5. Statement of Condition of Each Federal Reserve Bank, January 16, 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 11,037 364 3,626 350 544 773 1,491 739 334 199 307 905 1,405
Special drawing rights certificate acct. 5,200 196 1,818 210 237 412 654 424 150 90 153 282 574
Coin 1,768 43 41 152 127 236 194 292 31 47 113 200 293
Securities, unamortized premiums and
discounts, repurchase agreements,
and loans 3,981,427 76,041 2,198,050 100,522 112,874 235,605 238,991 213,238 53,006 33,225 62,677 164,640 492,559
Securities held outright (1) 3,855,356 73,633 2,128,456 97,340 109,301 228,145 231,425 206,485 51,328 32,173 60,692 159,418 476,962
U.S. Treasury securities 2,220,219 42,404 1,225,733 56,056 62,944 131,384 133,273 118,910 29,558 18,528 34,952 91,806 274,672
Bills (2) 0 0 0 0 0 0 0 0 0 0 0 0 0
Notes and bonds (3) 2,220,219 42,404 1,225,733 56,056 62,944 131,384 133,273 118,910 29,558 18,528 34,952 91,806 274,672
Federal agency debt securities (2) 2,409 46 1,330 61 68 143 145 129 32 20 38 100 298
Mortgage-backed securities (4) 1,632,729 31,183 901,393 41,223 46,288 96,619 98,007 87,445 21,737 13,625 25,703 67,513 201,992
Unamortized premiums on securities held
outright (5) 139,410 2,663 76,965 3,520 3,952 8,250 8,368 7,467 1,856 1,163 2,195 5,765 17,247
Unamortized discounts on securities
held outright (5) -13,354 -255 -7,372 -337 -379 -790 -802 -715 -178 -111 -210 -552 -1,652
Repurchase agreements (6) 0 0 0 0 0 0 0 0 0 0 0 0 0
Loans 15 1 1 0 0 0 0 2 0 0 0 9 2
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 209 0 0 0 0 0 208 0 0 0 0 0 0
Bank premises 2,204 110 456 82 118 195 206 194 106 95 232 221 192
Central bank liquidity swaps (8) 88 4 28 5 7 19 5 4 1 0 1 1 13
Foreign currency denominated
assets (9) 20,997 893 6,620 1,192 1,695 4,535 1,213 890 303 96 208 260 3,090
Other assets (10) 27,114 547 14,494 679 784 1,837 1,629 1,425 448 260 487 1,207 3,317
Interdistrict settlement account 0 + 4,121 - 69,059 - 710 + 2,706 + 9,247 + 36,141 - 3,963 + 8,702 + 2,635 + 363 + 9,465 + 352
Total assets 4,050,044 82,319 2,156,075 102,483 119,091 252,859 280,733 213,241 63,081 36,647 64,540 177,180 501,795
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.
5. Statement of Condition of Each Federal Reserve Bank, January 16, 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 1,863,049 57,900 617,452 54,892 89,129 126,182 261,141 121,832 55,996 31,497 49,902 150,502 246,624
Less: Notes held by F.R. Banks 205,320 6,354 53,886 6,884 9,607 14,684 31,392 15,091 5,637 2,939 6,264 19,098 33,484
Federal Reserve notes, net 1,657,729 51,545 563,566 48,008 79,522 111,498 229,750 106,741 50,359 28,558 43,638 131,404 213,139
Reverse repurchase agreements (11) 255,955 4,888 141,307 6,462 7,256 15,146 15,364 13,708 3,408 2,136 4,029 10,584 31,665
Deposits 2,091,685 24,021 1,436,662 45,551 28,974 117,279 32,781 90,798 8,571 5,495 16,358 34,454 250,742
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 1,625,501 24,006 1,014,771 45,548 28,946 116,946 32,746 47,069 8,564 5,441 16,346 34,384 250,735
U.S. Treasury, General Account 396,414 0 396,414 0 0 0 0 0 0 0 0 0 0
Foreign official 5,243 2 5,216 2 3 9 2 2 1 0 0 0 6
Other (12) 64,527 14 20,261 1 25 325 32 43,727 6 54 12 69 1
Deferred availability cash items 317 0 0 0 0 0 192 0 0 125 0 0 0
Earnings remittances due to the U.S.
Treasury (13) 725 10 421 11 21 5 74 40 14 9 3 52 66
Other liabilities and accrued
dividends 4,498 171 1,707 195 186 561 298 315 137 138 145 215 431
Total liabilities 4,010,910 80,636 2,143,663 100,227 115,959 244,490 278,458 211,602 62,489 36,462 64,173 176,708 496,043
Capital
Capital paid in 32,308 1,393 10,260 1,868 2,581 6,895 1,881 1,350 493 154 299 388 4,747
Surplus 6,825 290 2,151 388 551 1,474 394 289 98 31 68 84 1,005
Other capital 0 0 0 0 0 0 0 0 0 0 0 0 0
Total liabilities and capital 4,050,044 82,319 2,156,075 102,483 119,091 252,859 280,733 213,241 63,081 36,647 64,540 177,180 501,795
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.
5. Statement of Condition of Each Federal Reserve Bank, January 16, 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
Jan 16, 2019
Federal Reserve notes outstanding 1,863,049
Less: Notes held by F.R. Banks not subject to collateralization 205,320
Federal Reserve notes to be collateralized 1,657,729
Collateral held against Federal Reserve notes 1,657,729
Gold certificate account 11,037
Special drawing rights certificate account 5,200
U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 1,641,492
Other assets pledged 0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 3,855,356
Less: Face value of securities under reverse repurchase agreements 252,968
U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,602,388
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