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Release Date: May 02, 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 May 2, 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 May 1, 2019
Federal Reserve Banks May 1, 2019 Apr 24, 2019 May 2, 2018
Reserve Bank credit 3,871,766 - 20,352 - 453,965 3,850,595
Securities held outright (1) 3,722,987 - 18,845 - 432,015 3,701,734
U.S. Treasury securities 2,145,207 - 8,287 - 260,433 2,123,954
Bills (2) 100 + 100 + 100 100
Notes and bonds, nominal (2) 2,007,889 - 8,585 - 265,567 1,986,425
Notes and bonds, inflation-indexed (2) 115,206 + 62 + 3,424 115,361
Inflation compensation (3) 22,013 + 136 + 1,612 22,067
Federal agency debt securities (2) 2,347 0 - 2,044 2,347
Mortgage-backed securities (4) 1,575,433 - 10,557 - 169,539 1,575,433
Unamortized premiums on securities held outright (5) 134,117 - 563 - 18,756 134,032
Unamortized discounts on securities held outright (5) -12,980 + 29 + 940 -12,971
Repurchase agreements (6) 0 0 0 0
Loans 24 + 1 - 101 34
Primary credit 3 - 4 - 65 0
Secondary credit 0 0 0 0
Seasonal credit 21 + 5 - 36 34
Other credit extensions 0 0 0 0
Net portfolio holdings of Maiden Lane LLC (7) 0 0 - 1,714 0
Float -449 - 307 + 184 -476
Central bank liquidity swaps (8) 55 0 - 62 55
Other Federal Reserve assets (9) 28,011 - 668 - 2,442 28,186
Foreign currency denominated assets (10) 20,530 - 36 - 1,175 20,643
Gold stock 11,041 0 0 11,041
Special drawing rights certificate account 5,200 0 0 5,200
Treasury currency outstanding (11) 49,942 + 14 + 397 49,942
Total factors supplying reserve funds 3,958,479 - 20,373 - 454,743 3,937,421
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 May 1, 2019
Federal Reserve Banks May 1, 2019 Apr 24, 2019 May 2, 2018
Currency in circulation (11) 1,728,476 + 1,238 + 84,895 1,730,760
Reverse repurchase agreements (12) 263,217 + 4,201 + 15,033 269,819
Foreign official and international accounts 262,644 + 6,211 + 19,707 269,792
Others 573 - 2,010 - 4,673 27
Treasury cash holdings 331 - 1 + 42 331
Deposits with F.R. Banks, other than reserve balances 460,383 + 19,201 - 21,749 432,007
Term deposits held by depository institutions 0 0 0 0
U.S. Treasury, General Account 400,498 + 21,896 + 514 368,764
Foreign official 5,244 - 31 - 10 5,245
Other (13) 54,641 - 2,664 - 22,253 57,998
Other liabilities and capital (14) 44,653 - 1,001 + 200 44,494
Total factors, other than reserve balances,
absorbing reserve funds 2,497,061 + 23,639 + 78,423 2,477,411
Reserve balances with Federal Reserve Banks 1,461,419 - 44,011 - 533,165 1,460,010
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 May 1, 2019
May 1, 2019 Apr 24, 2019 May 2, 2018
Securities held in custody for foreign official and
international accounts 3,461,223 + 8,906 + 53,680 3,452,983
Marketable U.S. Treasury securities (1) 3,056,965 + 10,517 + 1,943 3,048,397
Federal agency debt and mortgage-backed securities (2) 331,954 - 1,929 + 56,789 332,151
Other securities (3) 72,304 + 318 - 5,051 72,436
Securities lent to dealers 23,317 - 3,745 + 3,353 25,318
Overnight facility (4) 23,317 - 3,745 + 3,353 25,318
U.S. Treasury securities 23,317 - 3,745 + 3,353 25,318
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, May 1, 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 34 0 0 0 ... 34
U.S. Treasury securities (1)
Holdings 38,475 43,808 275,285 902,502 258,659 605,225 2,123,954
Weekly changes + 6,729 - 38,374 + 11,550 - 6,200 - 3,348 + 54 - 29,590
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 9 251 72,667 1,502,506 1,575,433
Weekly changes 0 0 - 1 - 9 - 960 - 6,990 - 7,960
Repurchase agreements (4) 0 0 ... ... ... ... 0
Central bank liquidity swaps (5) 55 0 0 0 0 0 55
Reverse repurchase agreements (4) 269,819 0 ... ... ... ... 269,819
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
May 1, 2019
Mortgage-backed securities held outright (1) 1,575,433
Commitments to buy mortgage-backed securities (2) 206
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 May 1, 2019 Wednesday Wednesday
consolidation Apr 24, 2019 May 2, 2018
Assets
Gold certificate account 11,037 0 0
Special drawing rights certificate account 5,200 0 0
Coin 1,670 - 9 - 149
Securities, unamortized premiums and discounts,
repurchase agreements, and loans 3,822,829 - 37,982 - 461,054
Securities held outright (1) 3,701,734 - 37,550 - 443,089
U.S. Treasury securities 2,123,954 - 29,590 - 271,506
Bills (2) 100 + 100 + 100
Notes and bonds, nominal (2) 1,986,425 - 30,049 - 275,647
Notes and bonds, inflation-indexed (2) 115,361 + 217 + 2,412
Inflation compensation (3) 22,067 + 141 + 1,628
Federal agency debt securities (2) 2,347 0 - 2,044
Mortgage-backed securities (4) 1,575,433 - 7,960 - 169,539
Unamortized premiums on securities held outright
(5) 134,032 - 461 - 18,743
Unamortized discounts on securities held outright
(5) -12,971 + 27 + 965
Repurchase agreements (6) 0 0 0
Loans 34 + 2 - 187
Net portfolio holdings of Maiden Lane LLC (7) 0 0 - 1,714
Items in process of collection (0) 71 + 13 - 8
Bank premises 2,194 - 10 0
Central bank liquidity swaps (8) 55 0 - 62
Foreign currency denominated assets (9) 20,643 + 116 - 931
Other assets (10) 25,993 - 709 - 2,517
Total assets (0) 3,889,691 - 38,582 - 466,438
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 May 1, 2019 Wednesday Wednesday
consolidation Apr 24, 2019 May 2, 2018
Liabilities
Federal Reserve notes, net of F.R. Bank holdings 1,682,814 + 2,113 + 84,215
Reverse repurchase agreements (11) 269,819 - 581 + 13,647
Deposits (0) 1,892,017 - 39,646 - 564,465
Term deposits held by depository institutions 0 0 0
Other deposits held by depository institutions 1,460,010 - 12,802 - 531,813
U.S. Treasury, General Account 368,764 - 30,152 - 16,197
Foreign official 5,245 + 1 - 9
Other (12) (0) 57,998 + 3,306 - 16,447
Deferred availability cash items (0) 547 + 277 + 217
Other liabilities and accrued dividends (13) 5,194 - 734 - 89
Total liabilities (0) 3,850,391 - 38,572 - 466,475
Capital accounts
Capital paid in 32,475 - 11 + 713
Surplus 6,825 0 - 675
Other capital accounts 0 0 0
Total capital 39,300 - 11 + 38
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, May 1, 2019
Millions of dollars
Assets, liabilities, and capital Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas Dallas San
City Francisco
Assets
Gold certificate account 11,037 351 3,707 327 531 754 1,560 711 328 186 292 890 1,400
Special drawing rights certificate acct. 5,200 196 1,818 210 237 412 654 424 150 90 153 282 574
Coin 1,670 43 36 147 111 222 172 291 27 49 108 184 279
Securities, unamortized premiums and
discounts, repurchase agreements,
and loans 3,822,829 79,308 2,085,605 92,575 111,845 233,941 261,376 200,678 54,944 33,099 56,686 165,990 446,781
Securities held outright (1) 3,701,734 76,797 2,019,558 89,643 108,303 226,533 253,099 194,309 53,204 32,032 54,891 160,734 432,632
U.S. Treasury securities 2,123,954 44,064 1,158,767 51,435 62,141 129,978 145,221 111,489 30,527 18,379 31,495 92,225 248,232
Bills (2) 100 2 55 2 3 6 7 5 1 1 1 4 12
Notes and bonds (3) 2,123,854 44,062 1,158,713 51,433 62,139 129,972 145,214 111,484 30,525 18,378 31,493 92,220 248,221
Federal agency debt securities (2) 2,347 49 1,280 57 69 144 160 123 34 20 35 102 274
Mortgage-backed securities (4) 1,575,433 32,684 859,510 38,152 46,093 96,411 107,717 82,697 22,643 13,633 23,361 68,407 184,125
Unamortized premiums on securities held
outright (5) 134,032 2,781 73,124 3,246 3,921 8,202 9,164 7,036 1,926 1,160 1,987 5,820 15,665
Unamortized discounts on securities
held outright (5) -12,971 -269 -7,077 -314 -380 -794 -887 -681 -186 -112 -192 -563 -1,516
Repurchase agreements (6) 0 0 0 0 0 0 0 0 0 0 0 0 0
Loans 34 0 0 0 0 0 0 14 0 20 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 71 0 0 0 0 0 70 0 0 0 0 0 0
Bank premises 2,194 107 457 80 119 193 207 191 105 95 229 220 191
Central bank liquidity swaps (8) 55 2 17 3 4 12 3 2 1 0 1 1 8
Foreign currency denominated
assets (9) 20,643 888 6,559 1,192 1,647 4,399 1,200 861 315 98 200 255 3,029
Other assets (10) 25,993 565 13,732 629 776 1,810 1,770 1,341 467 296 462 1,125 3,019
Interdistrict settlement account 0 + 8,725 - 138,076 + 727 + 4,774 + 9,602 + 23,620 + 1,100 + 5,920 + 3,613 + 3,513 + 25,213 + 51,269
Total assets 3,889,691 90,187 1,973,856 95,890 120,044 251,346 290,632 205,600 62,257 37,526 61,644 194,161 506,550
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, May 1, 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 1,877,401 57,577 619,332 54,579 89,513 126,928 259,218 120,878 55,820 31,344 50,119 158,088 254,004
Less: Notes held by F.R. Banks 194,587 6,255 49,179 8,215 9,656 14,519 29,956 12,901 5,851 3,136 7,541 18,535 28,842
Federal Reserve notes, net 1,682,814 51,322 570,153 46,364 79,857 112,409 229,262 107,977 49,969 28,208 42,578 139,553 225,163
Reverse repurchase agreements (11) 269,819 5,598 147,205 6,534 7,894 16,512 18,448 14,163 3,878 2,335 4,001 11,716 31,534
Deposits 1,892,017 31,406 1,241,891 40,519 28,925 113,462 40,202 81,503 7,640 6,182 14,517 42,144 243,626
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 1,460,010 31,397 849,447 40,516 28,891 113,070 40,164 42,621 7,632 6,126 14,500 42,027 243,619
U.S. Treasury, General Account 368,764 0 368,764 0 0 0 0 0 0 0 0 0 0
Foreign official 5,245 2 5,217 2 3 9 2 2 1 0 0 0 6
Other (12) 57,998 8 18,462 1 31 383 36 38,881 7 56 16 117 1
Deferred availability cash items 547 0 0 0 0 0 70 0 0 465 12 0 0
Earnings remittances due to the U.S.
Treasury (13) 1,235 35 608 30 46 101 120 63 22 12 14 61 122
Other liabilities and accrued
dividends 3,959 150 1,510 180 189 481 275 255 131 134 131 199 324
Total liabilities 3,850,391 88,511 1,961,368 93,627 116,912 242,965 288,377 203,961 61,641 37,337 61,252 193,673 500,769
Capital
Capital paid in 32,475 1,382 10,323 1,869 2,587 6,926 1,858 1,354 512 157 326 403 4,778
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 3,889,691 90,187 1,973,856 95,890 120,044 251,346 290,632 205,600 62,257 37,526 61,644 194,161 506,550
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, May 1, 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
May 1, 2019
Federal Reserve notes outstanding 1,877,401
Less: Notes held by F.R. Banks not subject to collateralization 194,587
Federal Reserve notes to be collateralized 1,682,814
Collateral held against Federal Reserve notes 1,682,814
Gold certificate account 11,037
Special drawing rights certificate account 5,200
U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 1,666,577
Other assets pledged 0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 3,701,734
Less: Face value of securities under reverse repurchase agreements 264,285
U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,437,449
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