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Release Date: February 13, 2020
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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 February 13, 2020
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 Feb 12, 2020
Federal Reserve Banks Feb 12, 2020 Feb 5, 2020 Feb 13, 2019
Reserve Bank credit 4,135,017 + 15,078 + 146,431 4,144,202
Securities held outright (1) 3,828,262 + 22,789 - 1,621 3,836,494
U.S. Treasury securities 2,438,021 + 22,184 + 232,377 2,442,621
Bills (2) 255,466 + 18,646 + 255,466 258,038
Notes and bonds, nominal (2) 2,026,276 + 1,938 - 43,120 2,028,077
Notes and bonds, inflation-indexed (2) 130,823 + 1,578 + 16,054 131,052
Inflation compensation (3) 25,456 + 22 + 3,977 25,454
Federal agency debt securities (2) 2,347 0 - 62 2,347
Mortgage-backed securities (4) 1,387,894 + 605 - 233,936 1,391,526
Unamortized premiums on securities held outright (5) 123,836 + 294 - 14,318 124,249
Unamortized discounts on securities held outright (5) -13,307 + 1 - 69 -13,266
Repurchase agreements (6) 164,724 - 10,595 + 164,724 164,400
Loans 0 - 6 - 20 0
Primary credit 0 - 5 - 6 0
Secondary credit 0 0 0 0
Seasonal credit 0 0 - 14 0
Other credit extensions 0 0 0 0
Net portfolio holdings of Maiden Lane LLC (7) 0 0 0 0
Float -95 + 249 + 27 -102
Central bank liquidity swaps (8) 55 + 7 - 16 55
Other Federal Reserve assets (9) 31,542 + 2,339 - 2,276 32,372
Foreign currency denominated assets (10) 20,370 - 250 - 426 20,310
Gold stock 11,041 0 0 11,041
Special drawing rights certificate account 5,200 0 0 5,200
Treasury currency outstanding (11) 50,190 + 14 + 385 50,190
Total factors supplying reserve funds 4,221,818 + 14,841 + 146,390 4,230,943
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 Feb 12, 2020
Federal Reserve Banks Feb 12, 2020 Feb 5, 2020 Feb 13, 2019
Currency in circulation (11) 1,794,429 + 1,774 + 88,343 1,796,425
Reverse repurchase agreements (12) 228,286 - 16,258 - 20,890 223,829
Foreign official and international accounts 227,562 - 12,693 - 19,653 223,520
Others 724 - 3,565 - 1,237 309
Treasury cash holdings 231 + 12 - 37 248
Deposits with F.R. Banks, other than reserve balances 478,775 - 2,000 + 53,305 470,728
Term deposits held by depository institutions 0 0 0 0
U.S. Treasury, General Account 411,237 - 2,085 + 52,128 404,341
Foreign official 5,183 + 1 - 61 5,183
Other (13) 62,355 + 85 + 1,237 61,204
Other liabilities and capital (14) 44,532 + 764 + 77 44,632
Total factors, other than reserve balances,
absorbing reserve funds 2,546,252 - 15,708 + 120,796 2,535,861
Reserve balances with Federal Reserve Banks 1,675,566 + 30,550 + 25,593 1,695,082
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 Feb 12, 2020
Feb 12, 2020 Feb 5, 2020 Feb 13, 2019
Securities held in custody for foreign official and
international accounts 3,458,431 + 32,086 + 31,613 3,464,467
Marketable U.S. Treasury securities (1) 3,008,942 + 29,221 - 27,269 3,000,571
Federal agency debt and mortgage-backed securities (2) 367,288 + 2,414 + 47,161 381,634
Other securities (3) 82,201 + 451 + 11,721 82,262
Securities lent to dealers 32,778 + 1,349 + 14,113 33,034
Overnight facility (4) 32,778 + 1,349 + 14,113 33,034
U.S. Treasury securities 32,778 + 1,349 + 14,113 33,034
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, February 12, 2020
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 0 0 0 0 ... 0
U.S. Treasury securities (1)
Holdings 52,182 129,306 376,189 918,350 319,315 647,278 2,442,621
Weekly changes - 1,182 + 14,130 - 2,449 + 395 - 14 + 3,859 + 14,741
Federal agency debt securities (2)
Holdings 0 0 0 0 1,151 1,196 2,347
Weekly changes 0 0 0 0 0 0 0
Mortgage-backed securities (3)
Holdings 0 1 4 1,394 71,691 1,318,437 1,391,526
Weekly changes 0 0 0 0 0 + 4,237 + 4,237
Repurchase agreements (4) 164,400 0 ... ... ... ... 164,400
Central bank liquidity swaps (5) 55 0 0 0 0 0 55
Reverse repurchase agreements (4) 223,829 0 ... ... ... ... 223,829
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
Feb 12, 2020
Mortgage-backed securities held outright (1) 1,391,526
Commitments to buy mortgage-backed securities (2) 3,956
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 Feb 12, 2020 Wednesday Wednesday
consolidation Feb 5, 2020 Feb 13, 2019
Assets
Gold certificate account 11,037 0 0
Special drawing rights certificate account 5,200 0 0
Coin 1,783 + 11 - 26
Securities, unamortized premiums and discounts,
repurchase agreements, and loans 4,111,877 + 13,900 + 157,054
Securities held outright (1) 3,836,494 + 18,978 + 6,525
U.S. Treasury securities 2,442,621 + 14,741 + 237,017
Bills (2) 258,038 + 10,502 + 258,038
Notes and bonds, nominal (2) 2,028,077 + 2,602 - 41,319
Notes and bonds, inflation-indexed (2) 131,052 + 1,601 + 16,283
Inflation compensation (3) 25,454 + 36 + 4,015
Federal agency debt securities (2) 2,347 0 - 62
Mortgage-backed securities (4) 1,391,526 + 4,237 - 230,430
Unamortized premiums on securities held outright
(5) 124,249 + 707 - 13,814
Unamortized discounts on securities held outright
(5) -13,266 + 67 - 40
Repurchase agreements (6) 164,400 - 5,850 + 164,400
Loans 0 - 1 - 18
Net portfolio holdings of Maiden Lane LLC (7) 0 0 0
Items in process of collection (0) 55 - 21 - 5
Bank premises 2,197 + 4 - 4
Central bank liquidity swaps (8) 55 + 7 - 16
Foreign currency denominated assets (9) 20,310 - 143 - 398
Other assets (10) 30,175 + 2,223 - 2,348
Total assets (0) 4,182,689 + 15,982 + 154,258
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 Feb 12, 2020 Wednesday Wednesday
consolidation Feb 5, 2020 Feb 13, 2019
Liabilities
Federal Reserve notes, net of F.R. Bank holdings 1,748,261 + 1,767 + 86,375
Reverse repurchase agreements (11) 223,829 - 15,334 - 22,436
Deposits (0) 2,165,810 + 28,547 + 90,316
Term deposits held by depository institutions 0 0 0
Other deposits held by depository institutions 1,695,082 + 42,209 + 60,665
U.S. Treasury, General Account 404,341 - 12,244 + 29,222
Foreign official 5,183 0 - 61
Other (12) (0) 61,204 - 1,417 + 490
Deferred availability cash items (0) 158 - 22 - 47
Other liabilities and accrued dividends (13) 6,112 + 1,007 + 691
Total liabilities (0) 4,144,169 + 15,964 + 154,898
Capital accounts
Capital paid in 31,695 + 18 - 641
Surplus 6,825 0 0
Other capital accounts 0 0 0
Total capital 38,520 + 18 - 641
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, February 12, 2020
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 1,783 42 54 158 102 237 178 288 37 52 120 206 307
Securities, unamortized premiums and
discounts, repurchase agreements,
and loans 4,111,877 85,306 2,243,320 99,576 120,303 251,632 281,142 215,838 59,098 35,581 60,972 178,543 480,566
Securities held outright (1) 3,836,494 79,593 2,093,079 92,907 112,246 234,780 262,313 201,383 55,140 33,198 56,889 166,585 448,382
U.S. Treasury securities 2,442,621 50,675 1,332,622 59,152 71,465 149,480 167,009 128,217 35,107 21,137 36,220 106,061 285,476
Bills (2) 258,038 5,353 140,778 6,249 7,550 15,791 17,643 13,545 3,709 2,233 3,826 11,204 30,158
Notes and bonds (3) 2,184,583 45,322 1,191,845 52,903 63,915 133,689 149,367 114,672 31,398 18,904 32,394 94,857 255,318
Federal agency debt securities (2) 2,347 49 1,280 57 69 144 160 123 34 20 35 102 274
Mortgage-backed securities (4) 1,391,526 28,869 759,176 33,698 40,713 85,156 95,143 73,043 20,000 12,041 20,634 60,422 162,631
Unamortized premiums on securities held
outright (5) 124,249 2,578 67,787 3,009 3,635 7,604 8,495 6,522 1,786 1,075 1,842 5,395 14,521
Unamortized discounts on securities
held outright (5) -13,266 -275 -7,238 -321 -388 -812 -907 -696 -191 -115 -197 -576 -1,550
Repurchase agreements (6) 164,400 3,411 89,692 3,981 4,810 10,061 11,241 8,630 2,363 1,423 2,438 7,138 19,214
Loans 0 0 0 0 0 0 0 0 0 0 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 55 0 0 0 0 0 55 0 0 0 0 0 0
Bank premises 2,197 105 455 94 117 192 202 192 102 93 228 222 196
Central bank liquidity swaps (8) 55 2 18 3 4 12 3 2 1 0 1 1 8
Foreign currency denominated
assets (9) 20,310 875 6,447 1,173 1,621 4,330 1,181 848 310 97 197 251 2,981
Other assets (10) 30,175 642 15,939 724 900 2,084 2,041 1,550 547 334 547 1,383 3,484
Interdistrict settlement account 0 + 1,025 - 65,344 - 11,627 + 12,744 - 10,096 + 23,383 + 6,634 + 8,714 + 3,858 + 6,421 + 21,734 + 2,552
Total assets 4,182,689 88,544 2,206,413 90,639 136,561 249,557 310,399 226,488 69,287 40,291 68,930 203,512 492,069
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, February 12, 2020 (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 1,960,230 60,763 644,158 57,436 93,822 134,324 274,099 126,709 59,447 32,138 54,134 163,810 259,389
Less: Notes held by F.R. Banks 211,969 6,234 52,300 8,820 10,113 16,787 32,973 13,628 5,048 3,114 7,056 20,027 35,869
Federal Reserve notes, net 1,748,261 54,530 591,858 48,616 83,708 117,537 241,126 113,081 54,400 29,024 47,078 143,783 223,520
Reverse repurchase agreements (11) 223,829 4,644 122,114 5,420 6,549 13,698 15,304 11,749 3,217 1,937 3,319 9,719 26,159
Deposits 2,165,810 27,352 1,476,694 35,012 42,799 109,632 51,612 99,773 10,874 8,767 17,927 49,259 236,108
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 1,695,082 27,344 1,046,302 35,010 42,766 109,260 51,577 60,067 10,871 8,716 17,899 49,168 236,102
U.S. Treasury, General Account 404,341 0 404,341 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) 61,204 6 20,896 0 30 363 32 39,704 3 51 28 90 0
Deferred availability cash items 158 0 0 0 0 0 50 0 0 107 0 0 0
Earnings remittances due to the U.S.
Treasury (13) 1,034 11 629 17 11 11 96 55 16 8 16 63 100
Other liabilities and accrued
dividends 5,078 179 2,171 186 201 549 314 335 148 147 182 231 437
Total liabilities 4,144,169 86,715 2,193,466 89,252 133,268 241,426 308,503 224,992 68,655 39,990 68,523 203,054 486,324
Capital
Capital paid in 31,695 1,505 10,653 1,141 2,709 6,691 1,558 1,231 520 248 336 377 4,728
Surplus 6,825 324 2,294 246 583 1,441 338 265 112 53 72 81 1,016
Other capital 0 0 0 0 0 0 0 0 0 0 0 0 0
Total liabilities and capital 4,182,689 88,544 2,206,413 90,639 136,561 249,557 310,399 226,488 69,287 40,291 68,930 203,512 492,069
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, February 12, 2020 (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
Feb 12, 2020
Federal Reserve notes outstanding 1,960,230
Less: Notes held by F.R. Banks not subject to collateralization 211,969
Federal Reserve notes to be collateralized 1,748,261
Collateral held against Federal Reserve notes 1,748,261
Gold certificate account 11,037
Special drawing rights certificate account 5,200
U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 1,732,024
Other assets pledged 0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 4,000,894
Less: Face value of securities under reverse repurchase agreements 220,163
U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,780,731
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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Statistical releases