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Release Date: March 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 March 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 Mar 13, 2019
Federal Reserve Banks Mar 13, 2019 Mar 6, 2019 Mar 14, 2018
Reserve Bank credit 3,931,692 + 2,450 - 427,729 3,932,640
Securities held outright (1) 3,785,498 + 82 - 405,843 3,785,655
U.S. Treasury securities 2,175,457 + 58 - 249,047 2,175,479
Bills (2) 0 0 0 0
Notes and bonds, nominal (2) 2,039,011 0 - 254,874 2,039,011
Notes and bonds, inflation-indexed (2) 115,154 0 + 3,934 115,154
Inflation compensation (3) 21,293 + 59 + 1,894 21,314
Federal agency debt securities (2) 2,409 0 - 1,982 2,409
Mortgage-backed securities (4) 1,607,631 + 22 - 154,815 1,607,767
Unamortized premiums on securities held outright (5) 136,742 - 203 - 18,938 136,656
Unamortized discounts on securities held outright (5) -13,195 + 28 + 890 -13,184
Repurchase agreements (6) 0 0 0 0
Loans 11 - 1 + 1 11
Primary credit 3 - 3 + 1 0
Secondary credit 0 0 0 0
Seasonal credit 9 + 3 0 10
Other credit extensions 0 0 0 0
Net portfolio holdings of Maiden Lane LLC (7) 0 0 - 1,708 0
Float -157 + 176 + 32 -172
Central bank liquidity swaps (8) 67 + 2 + 3 67
Other Federal Reserve assets (9) 22,726 + 2,365 - 2,166 23,607
Foreign currency denominated assets (10) 20,635 - 84 - 1,587 20,701
Gold stock 11,041 0 0 11,041
Special drawing rights certificate account 5,200 0 0 5,200
Treasury currency outstanding (11) 49,867 + 14 + 396 49,867
Total factors supplying reserve funds 4,018,435 + 2,379 - 428,920 4,019,449
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 Mar 13, 2019
Federal Reserve Banks Mar 13, 2019 Mar 6, 2019 Mar 14, 2018
Currency in circulation (11) 1,719,913 + 5,117 + 86,638 1,721,355
Reverse repurchase agreements (12) 236,914 - 13,186 + 10,587 239,483
Foreign official and international accounts 236,796 - 10,788 + 14,125 239,467
Others 118 - 2,398 - 3,538 16
Treasury cash holdings 331 + 16 + 15 335
Deposits with F.R. Banks, other than reserve balances 311,745 + 26,922 - 24,617 305,760
Term deposits held by depository institutions 0 0 0 0
U.S. Treasury, General Account 245,972 + 25,927 - 3,957 238,381
Foreign official 5,243 - 1 - 11 5,243
Other (13) 60,529 + 995 - 20,649 62,135
Other liabilities and capital (14) 45,585 + 1,177 - 661 45,391
Total factors, other than reserve balances,
absorbing reserve funds 2,314,488 + 20,046 + 71,962 2,312,324
Reserve balances with Federal Reserve Banks 1,703,948 - 17,666 - 500,881 1,707,125
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 Mar 13, 2019
Mar 13, 2019 Mar 6, 2019 Mar 14, 2018
Securities held in custody for foreign official and
international accounts 3,472,172 + 6,219 + 19,966 3,473,058
Marketable U.S. Treasury securities (1) 3,076,067 + 5,445 - 32,995 3,075,526
Federal agency debt and mortgage-backed securities (2) 324,252 + 533 + 61,760 325,743
Other securities (3) 71,854 + 242 - 8,798 71,789
Securities lent to dealers 23,657 - 2,823 - 778 23,309
Overnight facility (4) 23,657 - 2,823 - 778 23,309
U.S. Treasury securities 23,657 - 2,823 - 778 23,309
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, March 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 0 10 0 0 0 ... 11
U.S. Treasury securities (1)
Holdings 0 112,837 270,527 922,071 252,470 617,574 2,175,479
Weekly changes 0 0 + 1 + 8 + 21 + 28 + 59
Federal agency debt securities (2)
Holdings 62 0 0 0 0 2,347 2,409
Weekly changes + 62 - 62 0 0 0 0 0
Mortgage-backed securities (3)
Holdings 0 0 8 211 73,989 1,533,559 1,607,767
Weekly changes 0 0 0 0 0 + 158 + 158
Repurchase agreements (4) 0 0 ... ... ... ... 0
Central bank liquidity swaps (5) 67 0 0 0 0 0 67
Reverse repurchase agreements (4) 239,483 0 ... ... ... ... 239,483
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
Mar 13, 2019
Mortgage-backed securities held outright (1) 1,607,767
Commitments to buy mortgage-backed securities (2) 257
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 Mar 13, 2019 Wednesday Wednesday
consolidation Mar 6, 2019 Mar 14, 2018
Assets
Gold certificate account 11,037 0 0
Special drawing rights certificate account 5,200 0 0
Coin 1,763 - 7 - 114
Securities, unamortized premiums and discounts,
repurchase agreements, and loans 3,909,137 + 49 - 430,013
Securities held outright (1) 3,785,655 + 217 - 411,886
U.S. Treasury securities 2,175,479 + 59 - 249,083
Bills (2) 0 0 0
Notes and bonds, nominal (2) 2,039,011 0 - 254,874
Notes and bonds, inflation-indexed (2) 115,154 0 + 3,934
Inflation compensation (3) 21,314 + 59 + 1,857
Federal agency debt securities (2) 2,409 0 - 1,982
Mortgage-backed securities (4) 1,607,767 + 158 - 160,821
Unamortized premiums on securities held outright
(5) 136,656 - 200 - 19,018
Unamortized discounts on securities held outright
(5) -13,184 + 29 + 896
Repurchase agreements (6) 0 0 0
Loans 11 + 5 - 4
Net portfolio holdings of Maiden Lane LLC (7) 0 0 - 1,708
Items in process of collection (0) 48 - 16 - 26
Bank premises 2,202 + 3 + 6
Central bank liquidity swaps (8) 67 + 2 + 3
Foreign currency denominated assets (9) 20,701 + 22 - 1,575
Other assets (10) 21,405 + 2,372 - 2,270
Total assets (0) 3,971,559 + 2,425 - 435,699
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 Mar 13, 2019 Wednesday Wednesday
consolidation Mar 6, 2019 Mar 14, 2018
Liabilities
Federal Reserve notes, net of F.R. Bank holdings 1,673,581 + 1,928 + 85,921
Reverse repurchase agreements (11) 239,483 + 2,351 + 2,204
Deposits (0) 2,012,885 - 2,392 - 523,380
Term deposits held by depository institutions 0 0 0
Other deposits held by depository institutions 1,707,125 - 29,422 - 483,018
U.S. Treasury, General Account 238,381 + 24,770 + 2,221
Foreign official 5,243 - 1 - 11
Other (12) (0) 62,135 + 2,261 - 42,572
Deferred availability cash items (0) 219 - 439 - 135
Other liabilities and accrued dividends (13) 6,156 + 930 - 385
Total liabilities (0) 3,932,324 + 2,378 - 435,774
Capital accounts
Capital paid in 32,411 + 48 + 751
Surplus 6,825 0 - 675
Other capital accounts 0 0 0
Total capital 39,236 + 48 + 76
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, March 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 11,037 364 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 1,763 47 49 154 118 233 183 293 28 47 112 197 301
Securities, unamortized premiums and
discounts, repurchase agreements,
and loans 3,909,137 74,660 2,158,141 98,697 110,825 231,327 234,652 209,372 52,043 32,624 61,539 161,642 483,614
Securities held outright (1) 3,785,655 72,302 2,089,975 95,580 107,325 224,020 227,241 202,751 50,400 31,591 59,595 156,536 468,339
U.S. Treasury securities 2,175,479 41,549 1,201,033 54,926 61,676 128,736 130,587 116,514 28,963 18,154 34,247 89,956 269,137
Bills (2) 0 0 0 0 0 0 0 0 0 0 0 0 0
Notes and bonds (3) 2,175,479 41,549 1,201,033 54,926 61,676 128,736 130,587 116,514 28,963 18,154 34,247 89,956 269,137
Federal agency debt securities (2) 2,409 46 1,330 61 68 143 145 129 32 20 38 100 298
Mortgage-backed securities (4) 1,607,767 30,707 887,612 40,593 45,581 95,141 96,509 86,109 21,405 13,417 25,310 66,481 198,903
Unamortized premiums on securities held
outright (5) 136,656 2,610 75,445 3,450 3,874 8,087 8,203 7,319 1,819 1,140 2,151 5,651 16,906
Unamortized discounts on securities
held outright (5) -13,184 -252 -7,279 -333 -374 -780 -791 -706 -176 -110 -208 -545 -1,631
Repurchase agreements (6) 0 0 0 0 0 0 0 0 0 0 0 0 0
Loans 11 0 0 0 0 0 0 8 0 3 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 48 0 0 0 0 0 47 0 0 0 0 0 0
Bank premises 2,202 109 456 81 119 194 207 192 106 95 230 221 192
Central bank liquidity swaps (8) 67 3 21 4 5 14 4 3 1 0 1 1 10
Foreign currency denominated
assets (9) 20,701 881 6,527 1,176 1,671 4,472 1,196 877 299 95 205 256 3,047
Other assets (10) 21,405 427 11,241 533 611 1,484 1,276 1,111 554 239 400 927 2,603
Interdistrict settlement account 0 + 6,180 - 178,053 + 7,878 + 13,537 + 8,195 + 48,516 + 2,874 + 11,666 + 5,027 + 795 + 27,303 + 46,082
Total assets 3,971,559 82,866 2,003,825 109,083 127,668 247,104 288,226 215,886 65,181 38,416 63,743 191,734 537,828
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, March 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 1,870,563 57,464 618,969 54,551 89,473 126,101 260,565 121,183 55,639 31,266 49,583 154,820 250,949
Less: Notes held by F.R. Banks 196,982 6,142 54,233 7,222 9,341 14,073 31,501 13,637 4,630 2,924 6,363 16,975 29,941
Federal Reserve notes, net 1,673,581 51,322 564,736 47,329 80,131 112,028 229,064 107,546 51,010 28,342 43,221 137,845 221,008
Reverse repurchase agreements (11) 239,483 4,574 132,213 6,046 6,789 14,172 14,375 12,826 3,188 1,998 3,770 9,903 29,627
Deposits 2,012,885 25,083 1,291,672 53,207 37,372 111,913 42,040 93,497 10,218 7,568 16,220 43,224 280,871
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 1,707,125 25,073 1,027,546 53,204 37,344 111,540 42,005 52,519 10,209 7,515 16,206 43,100 280,863
U.S. Treasury, General Account 238,381 0 238,381 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) 62,135 8 20,529 1 24 364 33 40,977 8 53 14 123 2
Deferred availability cash items 219 0 0 0 0 0 52 0 0 168 0 0 0
Earnings remittances due to the U.S.
Treasury (13) 1,212 24 650 26 39 74 101 62 20 12 20 61 122
Other liabilities and accrued
dividends 4,944 175 2,066 211 205 538 304 315 133 142 149 228 477
Total liabilities 3,932,324 81,179 1,991,337 106,819 124,537 238,724 285,937 214,247 64,569 38,230 63,380 191,261 532,105
Capital
Capital paid in 32,411 1,394 10,323 1,869 2,586 6,925 1,892 1,354 507 154 297 388 4,721
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 3,971,559 82,866 2,003,825 109,083 127,668 247,104 288,226 215,886 65,181 38,416 63,743 191,734 537,828
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, March 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
Mar 13, 2019
Federal Reserve notes outstanding 1,870,563
Less: Notes held by F.R. Banks not subject to collateralization 196,982
Federal Reserve notes to be collateralized 1,673,581
Collateral held against Federal Reserve notes 1,673,581
Gold certificate account 11,037
Special drawing rights certificate account 5,200
U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 1,657,344
Other assets pledged 0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 3,785,655
Less: Face value of securities under reverse repurchase agreements 239,192
U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,546,462
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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ASCII |
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(21 KB)
Statistical releases