Federal Reserve Statistical Release, H.4.1, Factors Affecting Reserve Balances; title with eagle logo links to Statistical Release home page
Release Date: November 07, 2019
Release dates | Data Download Program (DDP) | About | Announcements | Technical Q&As
Current release  Other formats: Screen reader | ASCII | PDF (21 KB)
Try data download now image link
FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and     
Condition Statement of Federal Reserve Banks                                                 November 7, 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   Nov 6, 2019 
Federal Reserve Banks                                      Nov 6, 2019 Oct 30, 2019  Nov 7, 2018              

Reserve Bank credit                                         3,999,741   +   33,802   -  102,368    4,000,728  
  Securities held outright (1)                              3,630,367   +   17,569   -  311,453    3,642,441  
    U.S. Treasury securities                                2,182,249   +   19,274   -   88,173    2,194,318  
      Bills (2)                                                55,294   +   15,002   +   55,241       66,010  
      Notes and bonds, nominal (2)                          1,979,652   +    2,482   -  153,110    1,980,995  
      Notes and bonds, inflation-indexed (2)                  122,771   +    1,778   +    7,192      122,771  
      Inflation compensation (3)                               24,532   +       12   +    2,503       24,542  
    Federal agency debt securities (2)                          2,347            0   -       62        2,347  
    Mortgage-backed securities (4)                          1,445,771   -    1,705   -  223,218    1,445,776  
  Unamortized premiums on securities held outright (5)        126,612   -      147   -   16,469      126,604  
  Unamortized discounts on securities held outright (5)       -12,755   -       54   +      766      -12,781  
  Repurchase agreements (6)                                   227,103   +   15,367   +  227,103      215,160  
  Loans                                                            25   -       30   -       76           22  
    Primary credit                                                  1   -       12   -        9            2  
    Secondary credit                                                0            0            0            0  
    Seasonal credit                                                25   -       17   -       66           20  
    Other credit extensions                                         0            0            0            0  
  Net portfolio holdings of Maiden Lane LLC (7)                     0            0   -        7            0  
  Float                                                          -191   +       58   -       45         -122  
  Central bank liquidity swaps (8)                                 46   +        5   -       34           46  
  Other Federal Reserve assets (9)                             28,535   +    1,036   -    2,152       29,357  
Foreign currency denominated assets (10)                       20,721   +       83   +       43       20,607  
Gold stock                                                     11,041            0            0       11,041  
Special drawing rights certificate account                      5,200            0            0        5,200  
Treasury currency outstanding (11)                             50,064   +       14   +      338       50,064  
                                                                                                              
Total factors supplying reserve funds                       4,086,767   +   33,899   -  101,987    4,087,640  

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   Nov 6, 2019 
Federal Reserve Banks                                      Nov 6, 2019 Oct 30, 2019  Nov 7, 2018              

Currency in circulation (11)                                 1,782,287   +    6,218   +   85,667    1,784,936 
Reverse repurchase agreements (12)                             294,271   +    7,557   +   65,644      288,496 
  Foreign official and international accounts                  292,025   +    5,418   +   65,548      286,846 
  Others                                                         2,246   +    2,138   +       96        1,650 
Treasury cash holdings                                             196   +        4   -       36          194 
Deposits with F.R. Banks, other than reserve balances          440,607   -   20,704   +   48,666      440,024 
  Term deposits held by depository institutions                      0            0            0            0 
  U.S. Treasury, General Account                               377,029   -   12,843   +   57,045      378,184 
  Foreign official                                               5,183   -        4   -       73        5,183 
  Other (13)                                                    58,395   -    7,857   -    8,305       56,657 
Other liabilities and capital (14)                              45,466   +      588   +      263       45,233 
                                                                                                              
Total factors, other than reserve balances,               
    absorbing reserve funds                                  2,562,827   -    6,339   +  200,204    2,558,883 
                                                                                                              
Reserve balances with Federal Reserve Banks                  1,523,939   +   40,237   -  302,192    1,528,757 

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   Nov 6, 2019 
                                                           Nov 6, 2019 Oct 30, 2019  Nov 7, 2018              

Securities held in custody for foreign official and       
     international accounts                                  3,418,865   -    2,796   +    3,771    3,418,520 
  Marketable U.S. Treasury securities (1)                    2,973,035   -    3,372   -   69,665    2,972,644 
  Federal agency debt and mortgage-backed securities (2)       362,329   +      330   +   56,291      362,340 
  Other securities (3)                                          83,500   +      245   +   17,144       83,536 
Securities lent to dealers                                      27,153   +    4,704   +    8,543       23,728 
  Overnight facility (4)                                        27,153   +    4,704   +    8,543       23,728 
    U.S. Treasury securities                                    27,153   +    4,704   +    8,543       23,728 
    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, November 6, 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                                            6            16             0             0             0           ...            22 
U.S. Treasury securities (1)                                                                                                           
  Holdings                                  41,822        65,966       285,932       866,728       308,578       625,292     2,194,318 
  Weekly changes                        +   24,039    -   15,993    -    6,074    +   10,606    +    6,173    +       77    +   18,827 
Federal agency debt securities (2)                                                                                                     
  Holdings                                       0             0             0             0           486         1,861         2,347 
  Weekly changes                                 0             0             0             0             0             0             0 
Mortgage-backed securities (3)                                                                                                         
  Holdings                                       0             0            15           953        77,491     1,367,317     1,445,776 
  Weekly changes                                 0             0    +        7    +       42    +      385    -      420    +       14 
Repurchase agreements (4)                  215,160             0           ...           ...           ...           ...       215,160 
Central bank liquidity swaps (5)                46             0             0             0             0             0            46 
                                                                                                                                       
Reverse repurchase agreements (4)          288,496             0           ...           ...           ...           ...       288,496 
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   
                                                                                                                       Nov 6, 2019  

Mortgage-backed securities held outright (1)                                                                             1,445,776  
                                                                                                                                    
Commitments to buy mortgage-backed securities (2)                                                                            8,109  
Commitments to sell mortgage-backed securities (2)                                                                               0  
                                                                                                                                    
Cash and cash equivalents (3)                                                                                                    1  



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        Nov 6, 2019   Wednesday    Wednesday  
                                                        consolidation                Oct 30, 2019  Nov 7, 2018 

Assets                                                                                                         
  Gold certificate account                                                   11,037            0            0  
  Special drawing rights certificate account                                  5,200            0            0  
  Coin                                                                        1,674            0   -       59  
  Securities, unamortized premiums and discounts,     
     repurchase agreements, and loans                                     3,971,447   +   18,377   -   99,990  
    Securities held outright (1)                                          3,642,441   +   18,841   -  299,393  
      U.S. Treasury securities                                            2,194,318   +   18,827   -   76,118  
        Bills (2)                                                            66,010   +   15,002   +   65,957  
        Notes and bonds, nominal (2)                                      1,980,995   +    2,024   -  151,767  
        Notes and bonds, inflation-indexed (2)                              122,771   +    1,778   +    7,192  
        Inflation compensation (3)                                           24,542   +       23   +    2,499  
      Federal agency debt securities (2)                                      2,347            0   -       62  
      Mortgage-backed securities (4)                                      1,445,776   +       14   -  223,213  
    Unamortized premiums on securities held outright  
    (5)                                                                     126,604   -       48   -   16,406  
    Unamortized discounts on securities held outright 
    (5)                                                                     -12,781   -       31   +      729  
    Repurchase agreements (6)                                               215,160   -      340   +  215,160  
    Loans                                                                        22   -       46   -       81  
  Net portfolio holdings of Maiden Lane LLC (7)                                   0            0   -        7  
  Items in process of collection                                   (0)           76   +       22   -       58  
  Bank premises                                                               2,186   -       14            0  
  Central bank liquidity swaps (8)                                               46   +        5   -       33  
  Foreign currency denominated assets (9)                                    20,607   -       53   -      110  
  Other assets (10)                                                          27,171   +    1,284   -    2,233  
                                                                                                               
Total assets                                                       (0)    4,039,443   +   19,620   -  102,493  

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        Nov 6, 2019   Wednesday    Wednesday  
                                                        consolidation                Oct 30, 2019  Nov 7, 2018 

Liabilities                                                                                                    
  Federal Reserve notes, net of F.R. Bank holdings                         1,736,735   +    3,867   +   85,485 
  Reverse repurchase agreements (11)                                         288,496   -    1,165   +   57,658 
  Deposits                                                          (0)    1,968,781   +   17,262   -  245,453 
    Term deposits held by depository institutions                                  0            0            0 
    Other deposits held by depository institutions                         1,528,757   +   44,038   -  300,068 
    U.S. Treasury, General Account                                           378,184   -   22,432   +   62,027 
    Foreign official                                                           5,183   -        4   -       74 
    Other (12)                                                      (0)       56,657   -    4,341   -    7,338 
  Deferred availability cash items                                  (0)          198   -      958   -       69 
  Other liabilities and accrued dividends (13)                                 5,916   +      634   -      316 
                                                                                                               
Total liabilities                                                   (0)    4,000,126   +   19,640   -  102,696 
                                                                                                               
Capital accounts                                                                                               
  Capital paid in                                                             32,493   -       19   +      204 
  Surplus                                                                      6,825            0            0 
  Other capital accounts                                                           0            0            0 
                                                                                                               
Total capital                                                                 39,318   -       19   +      204 

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, November 6, 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                                             1,674          42          45          151         106         213         176         278          35          44         110         187         286
  Securities, unamortized premiums and      
     discounts, repurchase agreements,      
     and loans                                 3,971,447      82,393   2,166,693       96,174     116,194     243,037     271,543     208,466      57,080      34,381      58,890     172,444     464,152
    Securities held outright (1)               3,642,441      75,567   1,987,209       88,208     106,569     222,904     249,045     191,197      52,351      31,519      54,011     158,159     425,702
      U.S. Treasury securities                 2,194,318      45,524   1,197,156       53,139      64,200     134,284     150,032     115,183      31,538      18,988      32,538      95,280     256,456
        Bills (2)                                 66,010       1,369      36,013        1,599       1,931       4,040       4,513       3,465         949         571         979       2,866       7,715
        Notes and bonds (3)                    2,128,308      44,154   1,161,143       51,540      62,269     130,245     145,519     111,718      30,589      18,417      31,559      92,414     248,741
      Federal agency debt securities (2)           2,347          49       1,280           57          69         144         160         123          34          20          35         102         274
      Mortgage-backed securities (4)           1,445,776      29,994     788,773       35,012      42,300      88,476      98,852      75,891      20,780      12,511      21,439      62,777     168,972
    Unamortized premiums on securities held 
      outright (5)                               126,604       2,627      69,072        3,066       3,704       7,748       8,656       6,646       1,820       1,096       1,877       5,497      14,797
    Unamortized discounts on securities     
      held outright (5)                          -12,781        -265      -6,973         -310        -374        -782        -874        -671        -184        -111        -190        -555      -1,494
    Repurchase agreements (6)                    215,160       4,464     117,385        5,210       6,295      13,167      14,711      11,294       3,092       1,862       3,190       9,343      25,146
    Loans                                             22           1           0            0           0           0           4           0           0          16           0           0           1
  Net portfolio holdings of Maiden                                                                                                                                                                       
     Lane LLC (7)                                      0           0           0            0           0           0           0           0           0           0           0           0           0
  Items in process of collection                      76           0           0            0           0           0          75           0           0           1           0           0           0
  Bank premises                                    2,186         107         455           84         116         191         204         193         102          94         228         224         189
  Central bank liquidity swaps (8)                    46           2          14            3           4          10           3           2           1           0           0           1           7
  Foreign currency denominated                                                                                                                                                                           
     assets (9)                                   20,607         887       6,540        1,191       1,645       4,394       1,198         860         314          98         200         255       3,025
  Other assets (10)                               27,171         581      14,393          652         809       1,881       1,844       1,397         482         302         487       1,202       3,140
  Interdistrict settlement account                     0  +    2,203  -  144,015   -   14,378  +   11,704  -    2,207  +   32,920  +   15,808  +    8,784  +    3,926  +    6,217  +   26,880  +   52,157
                                                                                                                                                                                                         
Total assets                                   4,039,443      86,762   2,049,651       84,415     131,345     248,685     310,176     228,140      67,275      39,122      66,577     202,365     524,931

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, November 6, 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            1,945,741      59,497     641,570      56,281      93,037     132,889     272,969     125,763      58,366      31,100      52,582     162,646     259,042
    Less: Notes held by F.R. Banks               209,006       6,258      53,778       8,906       9,331      15,843      30,631      13,474       5,862       3,409       7,724      20,516      33,276
      Federal Reserve notes, net               1,736,735      53,239     587,792      47,375      83,706     117,046     242,338     112,289      52,504      27,691      44,858     142,131     225,766
  Reverse repurchase agreements (11)             288,496       5,985     157,395       6,986       8,441      17,655      19,725      15,144       4,146       2,496       4,278      12,527      33,717
  Deposits                                     1,968,781      25,547   1,288,707      28,303      35,706     105,186      45,262      98,833       9,833       8,371      16,873      46,961     259,199
    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                           1,528,757      25,535     886,080      28,301      35,675     104,580      45,217      62,308       9,830       8,318      16,844      46,877     259,192
    U.S. Treasury, General Account               378,184           0     378,184           0           0           0           0           0           0           0           0           0           0
    Foreign official                               5,183           2       5,156           2           3           9           2           2           1           0           0           0           6
    Other (12)                                    56,657          11      19,287           0          27         597          43      36,524           3          53          29          83           1
  Deferred availability cash items                   198           0           0           0           0           0          74           0           0         123           0           0           0
  Earnings remittances due to the U.S.      
     Treasury (13)                                 1,212          22         689          30          31          62          99          61          21           9          17          52         119
  Other liabilities and accrued             
     dividends                                     4,703         180       1,849         183         208         563         313         306         149         151         155         235         410
                                                                                                                                                                                                        
Total liabilities                              4,000,126      84,974   2,036,432      82,878     128,092     240,513     307,811     226,632      66,654      38,841      66,181     201,905     519,211
                                                                                                                                                                                                        
Capital                                                                                                                                                                                                 
  Capital paid in                                 32,493       1,494      11,053       1,142       2,708       6,716       1,968       1,223         517         248         330         375       4,717
  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                  4,039,443      86,762   2,049,651      84,415     131,345     248,685     310,176     228,140      67,275      39,122      66,577     202,365     524,931

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, November 6, 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   
                                                                                           Nov 6, 2019  

Federal Reserve notes outstanding                                                            1,945,741  
  Less: Notes held by F.R. Banks not subject to collateralization                              209,006  
    Federal Reserve notes to be collateralized                                               1,736,735  
Collateral held against Federal Reserve notes                                                1,736,735  
  Gold certificate account                                                                      11,037  
  Special drawing rights certificate account                                                     5,200  
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   1,720,499  
  Other assets pledged                                                                               0  
Memo:                                                                                                   
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                       3,857,601  
  Less: Face value of securities under reverse repurchase agreements                           270,687  
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged        3,586,915  

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