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Release Date: April 11, 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 April 11, 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 Apr 10, 2019
Federal Reserve Banks Apr 10, 2019 Apr 3, 2019 Apr 11, 2018
Reserve Bank credit 3,896,903 - 11,969 - 445,274 3,897,923
Securities held outright (1) 3,748,490 - 12,631 - 423,294 3,748,702
U.S. Treasury securities 2,153,394 - 12,658 - 259,631 2,153,443
Bills (2) 0 0 0 0
Notes and bonds, nominal (2) 2,016,632 - 12,788 - 265,253 2,016,632
Notes and bonds, inflation-indexed (2) 115,154 0 + 4,020 115,154
Inflation compensation (3) 21,608 + 130 + 1,603 21,658
Federal agency debt securities (2) 2,347 0 - 2,044 2,347
Mortgage-backed securities (4) 1,592,750 + 27 - 161,618 1,592,912
Unamortized premiums on securities held outright (5) 135,345 - 209 - 18,792 135,283
Unamortized discounts on securities held outright (5) -13,076 + 28 + 944 -13,065
Repurchase agreements (6) 0 0 0 0
Loans 13 - 45 - 17 21
Primary credit 4 - 47 + 3 10
Secondary credit 0 0 0 0
Seasonal credit 9 + 2 - 20 11
Other credit extensions 0 0 0 0
Net portfolio holdings of Maiden Lane LLC (7) 0 0 - 1,708 0
Float -179 + 400 + 16 -187
Central bank liquidity swaps (8) 55 - 1,310 - 24 55
Other Federal Reserve assets (9) 26,254 + 1,798 - 2,399 27,114
Foreign currency denominated assets (10) 20,605 - 38 - 1,524 20,675
Gold stock 11,041 0 0 11,041
Special drawing rights certificate account 5,200 0 0 5,200
Treasury currency outstanding (11) 49,900 + 14 + 376 49,900
Total factors supplying reserve funds 3,983,649 - 11,993 - 446,423 3,984,738
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 Apr 10, 2019
Federal Reserve Banks Apr 10, 2019 Apr 3, 2019 Apr 11, 2018
Currency in circulation (11) 1,726,720 + 1,954 + 86,776 1,728,355
Reverse repurchase agreements (12) 253,674 + 3,367 + 5,693 256,374
Foreign official and international accounts 253,090 + 3,176 + 9,360 253,643
Others 584 + 191 - 3,666 2,731
Treasury cash holdings 336 0 + 17 331
Deposits with F.R. Banks, other than reserve balances 322,992 - 52,462 - 53,242 307,584
Term deposits held by depository institutions 0 0 0 0
U.S. Treasury, General Account 262,617 - 47,571 - 31,466 245,664
Foreign official 5,243 0 - 11 5,244
Other (13) 55,132 - 4,892 - 21,765 56,676
Other liabilities and capital (14) 45,336 + 956 - 294 45,533
Total factors, other than reserve balances,
absorbing reserve funds 2,349,058 - 46,186 + 38,951 2,338,178
Reserve balances with Federal Reserve Banks 1,634,591 + 34,193 - 485,374 1,646,560
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 Apr 10, 2019
Apr 10, 2019 Apr 3, 2019 Apr 11, 2018
Securities held in custody for foreign official and
international accounts 3,471,239 + 11,464 + 21,022 3,474,882
Marketable U.S. Treasury securities (1) 3,073,672 + 11,486 - 23,095 3,069,936
Federal agency debt and mortgage-backed securities (2) 326,823 + 1,104 + 52,902 333,713
Other securities (3) 70,743 - 1,127 - 8,786 71,233
Securities lent to dealers 26,552 - 2,399 + 6,078 23,870
Overnight facility (4) 26,552 - 2,399 + 6,078 23,870
U.S. Treasury securities 26,552 - 2,399 + 6,078 23,870
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, April 10, 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 10 11 0 0 0 ... 21
U.S. Treasury securities (1)
Holdings 180 111,741 265,651 908,927 249,207 617,738 2,153,443
Weekly changes 0 0 + 1 + 19 + 50 + 65 + 135
Federal agency debt securities (2)
Holdings 0 0 0 0 0 2,347 2,347
Weekly changes 0 0 0 0 0 0 0
Mortgage-backed securities (3)
Holdings 0 0 10 262 74,011 1,518,628 1,592,912
Weekly changes 0 0 0 0 + 1,364 - 1,176 + 189
Repurchase agreements (4) 0 0 ... ... ... ... 0
Central bank liquidity swaps (5) 55 0 0 0 0 0 55
Reverse repurchase agreements (4) 256,374 0 ... ... ... ... 256,374
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
Apr 10, 2019
Mortgage-backed securities held outright (1) 1,592,912
Commitments to buy mortgage-backed securities (2) 229
Commitments to sell mortgage-backed securities (2) 10
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 Apr 10, 2019 Wednesday Wednesday
consolidation Apr 3, 2019 Apr 11, 2018
Assets
Gold certificate account 11,037 0 0
Special drawing rights certificate account 5,200 0 0
Coin 1,708 - 11 - 115
Securities, unamortized premiums and discounts,
repurchase agreements, and loans 3,870,941 + 177 - 440,951
Securities held outright (1) 3,748,702 + 324 - 423,118
U.S. Treasury securities 2,153,443 + 135 - 259,617
Bills (2) 0 0 0
Notes and bonds, nominal (2) 2,016,632 0 - 265,253
Notes and bonds, inflation-indexed (2) 115,154 0 + 4,034
Inflation compensation (3) 21,658 + 135 + 1,603
Federal agency debt securities (2) 2,347 0 - 2,044
Mortgage-backed securities (4) 1,592,912 + 189 - 161,457
Unamortized premiums on securities held outright
(5) 135,283 - 185 - 18,768
Unamortized discounts on securities held outright
(5) -13,065 + 28 + 944
Repurchase agreements (6) 0 0 0
Loans 21 + 10 - 9
Net portfolio holdings of Maiden Lane LLC (7) 0 0 - 1,709
Items in process of collection (0) 55 + 9 - 23
Bank premises 2,202 + 3 + 3
Central bank liquidity swaps (8) 55 - 1,310 - 24
Foreign currency denominated assets (9) 20,675 + 69 - 1,573
Other assets (10) 24,912 + 2,340 - 2,507
Total assets (0) 3,936,784 + 1,275 - 446,900
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 Apr 10, 2019 Wednesday Wednesday
consolidation Apr 3, 2019 Apr 11, 2018
Liabilities
Federal Reserve notes, net of F.R. Bank holdings 1,680,490 + 858 + 87,125
Reverse repurchase agreements (11) 256,374 + 7,009 + 11,170
Deposits (0) 1,954,145 - 7,710 - 544,865
Term deposits held by depository institutions 0 0 0
Other deposits held by depository institutions 1,646,560 + 15,573 - 482,284
U.S. Treasury, General Account 245,664 - 24,806 - 42,140
Foreign official 5,244 + 1 - 9
Other (12) (0) 56,676 + 1,521 - 20,434
Deferred availability cash items (0) 242 - 295 - 15
Other liabilities and accrued dividends (13) 6,191 + 1,409 - 415
Total liabilities (0) 3,897,442 + 1,272 - 447,000
Capital accounts
Capital paid in 32,517 + 3 + 775
Surplus 6,825 0 - 675
Other capital accounts 0 0 0
Total capital 39,342 + 3 + 100
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, April 10, 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 1,708 46 44 151 113 222 173 289 29 48 112 192 289
Securities, unamortized premiums and
discounts, repurchase agreements,
and loans 3,870,941 73,930 2,137,048 97,733 109,742 229,066 232,361 207,327 51,535 32,307 60,942 160,062 478,887
Securities held outright (1) 3,748,702 71,596 2,069,574 94,647 106,277 221,834 225,022 200,772 49,908 31,283 59,013 155,008 463,767
U.S. Treasury securities 2,153,443 41,128 1,188,868 54,370 61,051 127,432 129,264 115,334 28,669 17,970 33,900 89,044 266,411
Bills (2) 0 0 0 0 0 0 0 0 0 0 0 0 0
Notes and bonds (3) 2,153,443 41,128 1,188,868 54,370 61,051 127,432 129,264 115,334 28,669 17,970 33,900 89,044 266,411
Federal agency debt securities (2) 2,347 45 1,296 59 67 139 141 126 31 20 37 97 290
Mortgage-backed securities (4) 1,592,912 30,423 879,411 40,218 45,160 94,262 95,617 85,313 21,207 13,293 25,076 65,867 197,066
Unamortized premiums on securities held
outright (5) 135,283 2,584 74,687 3,416 3,835 8,006 8,121 7,245 1,801 1,129 2,130 5,594 16,736
Unamortized discounts on securities
held outright (5) -13,065 -250 -7,213 -330 -370 -773 -784 -700 -174 -109 -206 -540 -1,616
Repurchase agreements (6) 0 0 0 0 0 0 0 0 0 0 0 0 0
Loans 21 0 0 0 0 0 2 9 0 4 5 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 55 0 0 0 0 0 54 0 0 1 0 0 0
Bank premises 2,202 108 458 81 118 193 208 192 105 95 230 222 192
Central bank liquidity swaps (8) 55 2 17 3 4 12 3 2 1 0 1 1 8
Foreign currency denominated
assets (9) 20,675 890 6,562 1,194 1,650 4,408 1,202 863 315 98 200 256 3,035
Other assets (10) 24,912 501 13,283 627 719 1,701 1,498 1,308 404 279 458 1,079 3,055
Interdistrict settlement account 0 + 10,455 - 211,743 + 2,272 + 15,535 + 13,222 + 54,255 + 5,464 + 12,372 + 5,136 + 3,112 + 31,738 + 58,182
Total assets 3,936,784 86,494 1,951,114 102,621 128,662 250,009 291,900 216,608 65,244 38,253 65,516 194,737 545,627
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, April 10, 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 1,871,313 57,456 620,026 54,303 89,491 126,289 259,681 120,741 55,585 31,238 49,480 156,036 250,987
Less: Notes held by F.R. Banks 190,823 6,013 49,387 7,432 9,411 14,158 31,155 12,712 5,235 3,041 6,662 17,795 27,821
Federal Reserve notes, net 1,680,490 51,443 570,639 46,870 80,080 112,131 228,526 108,029 50,350 28,197 42,819 138,241 223,166
Reverse repurchase agreements (11) 256,374 4,896 141,538 6,473 7,268 15,171 15,389 13,731 3,413 2,139 4,036 10,601 31,717
Deposits 1,954,145 28,258 1,223,719 46,777 37,933 113,711 45,246 92,833 10,710 7,386 18,103 45,118 284,351
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 1,646,560 28,247 955,618 46,774 37,906 113,293 45,211 54,054 10,702 7,334 18,087 44,990 284,345
U.S. Treasury, General Account 245,664 0 245,664 0 0 0 0 0 0 0 0 0 0
Foreign official 5,244 2 5,217 2 3 9 2 2 1 0 0 0 6
Other (12) 56,676 10 17,220 1 23 410 33 38,778 7 52 16 127 1
Deferred availability cash items 242 0 0 0 0 0 62 0 0 180 0 0 0
Earnings remittances due to the U.S.
Treasury (13) 1,307 25 747 29 42 68 99 64 16 11 20 59 127
Other liabilities and accrued
dividends 4,884 183 1,983 209 206 546 300 312 139 150 146 232 477
Total liabilities 3,897,442 84,806 1,938,626 100,358 125,529 241,628 289,623 214,969 64,628 38,063 65,124 194,250 539,838
Capital
Capital paid in 32,517 1,394 10,323 1,869 2,587 6,926 1,880 1,354 512 157 326 403 4,787
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 3,936,784 86,494 1,951,114 102,621 128,662 250,009 291,900 216,608 65,244 38,253 65,516 194,737 545,627
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, April 10, 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
Apr 10, 2019
Federal Reserve notes outstanding 1,871,313
Less: Notes held by F.R. Banks not subject to collateralization 190,823
Federal Reserve notes to be collateralized 1,680,490
Collateral held against Federal Reserve notes 1,680,490
Gold certificate account 11,037
Special drawing rights certificate account 5,200
U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 1,664,253
Other assets pledged 0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 3,748,702
Less: Face value of securities under reverse repurchase agreements 255,291
U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,493,411
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