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FEDERAL RESERVE statistical release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks April 30, 2020 1. Factors Affecting Reserve Balances of Depository Institutions Millions of dollars Reserve Bank credit, related items, and reserve balances of depository institutions at Federal Reserve Banks Reserve Bank credit Securities held outright1 U.S. Treasury securities Bills2 Notes and bonds, nominal2 Notes and bonds, inflation-indexed2 Inflation compensation3 Federal agency debt securities2 Mortgage-backed securities4 Unamortized premiums on securities held outright5 Unamortized discounts on securities held outright5 Repurchase agreements6 Foreign official Others Loans Primary credit Secondary credit Seasonal credit Primary Dealer Credit Facility Money Market Mutual Fund Liquidity Facility Paycheck Protection Program Liquidity Facility Other credit extensions Net portfolio holdings of Commercial Paper Funding Facility II LLC7 Float Central bank liquidity swaps8 Other Federal Reserve assets9 Foreign currency denominated assets10 Gold stock Special drawing rights certificate account Treasury currency outstanding11 Week ended Apr 29, 2020 Averages of daily figures Change from week ended Apr 22, 2020 May 1, 2019 6,597,655 5,562,498 3,945,017 326,044 3,344,204 239,119 35,651 2,347 1,615,134 281,268 -5,807 163,558 0 163,557 121,384 31,259 0 0 28,618 47,504 14,003 0 + + + 2,921 -367 434,253 37,947 20,440 11,041 5,200 50,275 + + + - + + + + + + + - + + 146,446 110,726 81,460 0 72,631 7,927 902 0 29,266 10,255 636 7,950 1 7,950 2,543 3,694 0 0 2,648 2,142 11,026 0 405 163 27,981 2,012 18 0 0 14 6,684,611 + 146,442 Total factors supplying reserve funds Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table. +2,725,889 +1,839,511 +1,799,810 + 325,944 +1,336,315 + 123,913 + 13,638 0 + 39,701 + 147,151 + 7,173 + 163,558 0 + 163,557 + 121,360 + 31,256 0 21 + 28,618 + 47,504 + 14,003 0 + + + + - Wednesday Apr 29, 2020 6,616,131 5,578,486 3,971,419 326,044 3,367,047 242,290 36,038 2,347 1,604,720 283,240 -5,711 158,202 2 158,200 123,028 31,759 0 0 25,504 46,277 19,488 0 2,921 82 434,198 9,936 90 0 0 378 3,372 -1,397 438,953 37,956 20,525 11,041 5,200 50,275 +2,726,176 6,703,172 + H.4.1 1. Factors Affecting Reserve Balances of Depository Institutions (continued) Millions of dollars Reserve Bank credit, related items, and reserve balances of depository institutions at Federal Reserve Banks Week ended Apr 29, 2020 Averages of daily figures Change from week ended Apr 22, 2020 May 1, 2019 Currency in circulation11 Reverse repurchase agreements12 Foreign official and international accounts Others Treasury cash holdings Deposits with F.R. Banks, other than reserve balances Term deposits held by depository institutions U.S. Treasury, General Account Foreign official Other13 Other liabilities and capital14 1,903,433 271,307 266,878 4,430 298 1,286,524 0 997,507 16,317 272,699 63,908 + + Total factors, other than reserve balances, absorbing reserve funds Reserve balances with Federal Reserve Banks Note: Components may not sum to totals because of rounding. 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. Wednesday Apr 29, 2020 + + + + + + + + - 12,518 19,297 15,004 4,292 3 99,931 0 96,176 24 3,730 2,343 175,001 8,090 4,234 3,857 33 826,141 0 597,009 11,073 218,058 19,255 1,910,511 269,106 267,656 1,450 301 1,296,625 0 1,076,232 16,323 204,070 63,116 3,525,469 + 90,804 +1,028,453 3,539,660 3,159,142 + 55,638 +1,697,723 3,163,512 + + + + Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A. Face value of the securities. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed securities. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the remaining principal balance of the securities. 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. Cash value of agreements. Refer to the note on consolidation accompanying table 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. Includes bank premises, accrued interest, and other accounts receivable. Also includes net portfolio holdings of Maiden Lane LLC. Revalued daily at current foreign currency exchange rates. Estimated. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities. 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. Includes the liability for earnings remittances due to the U.S. Treasury. Sources: Federal Reserve Banks and the U.S. Department of the Treasury. H.4.1 1A. Memorandum Items Millions of dollars Memorandum item Week ended Apr 29, 2020 Securities held in custody for foreign official and international accounts Marketable U.S. Treasury securities1 Federal agency debt and mortgage-backed securities2 Other securities3 Securities lent to dealers Overnight facility4 U.S. Treasury securities Federal agency debt securities Note: Components may not sum to totals because of rounding. 1. 2. 3. 4. Averages of daily figures Change from week ended Apr 22, 2020 May 1, 2019 3,337,349 2,869,708 382,551 85,090 34,358 34,358 34,358 0 + + + - 17,160 18,121 3,258 2,297 1,535 1,535 1,535 0 + + + + + Wednesday Apr 29, 2020 123,874 187,257 50,597 12,786 11,041 11,041 11,041 0 3,337,612 2,871,607 380,582 85,424 37,344 37,344 37,344 0 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. Face value of federal agency securities and current face value of mortgage-backed securities, which is the remaining principal balance of the securities. Includes non-marketable U.S. Treasury securities, supranationals, corporate bonds, asset-backed securities, and commercial paper at face value. Face value. Fully collateralized by U.S. Treasury securities. 2. Maturity Distribution of Securities, Loans, and Selected Other Assets and Liabilities, April 29, 2020 Millions of dollars Within 15 days Remaining Maturity Loans1 U.S. Treasury securities2 Holdings Weekly changes Federal agency debt securities3 Holdings Weekly changes 16 days to 90 days 15,854 - 55,294 3,575 0 0 71,712 + 249,856 6,257 1. 2. 3. 4. 5. 6. 7. + 0 0 Mortgage-backed securities4 0 0 Holdings 0 0 Weekly changes Commercial paper held by Commercial 0 3,347 Paper Funding Facility II LLC5 22,752 135,450 Repurchase agreements6 21,507 417,446 Central bank liquidity swaps7 269,106 0 Reverse repurchase agreements6 0 0 Term deposits Note: Components may not sum to totals because of rounding. ...Not applicable. Over 1 year to 5 years Over 5 year to 10 years 15,974 19,488 0 535,821 7,636 1,572,472 + 36,080 0 0 0 0 91 days to 1 year - 4 1 0 ... 0 ... 0 - 1,845 66 ... ... 0 ... ... + 665,596 6,287 Over 10 years ... + 1,151 0 - 76,519 819 ... ... 0 ... ... All 892,381 9,384 123,028 + 1,196 0 - 1,526,351 16,882 ... ... 0 ... ... 3,971,419 62,067 2,347 0 - 1,604,720 17,767 3,347 158,202 438,953 269,106 0 Loans includes primary, secondary, and seasonal loans and credit extended through the Primary Dealer Credit Facility, Money Market Mutual Fund Liquidity Facility, Paycheck Protection Program Liquidity Facility, and other credit extensions. Loans exclude the loan from the Federal Reserve Bank of New York (FRBNY) to Commercial Paper Funding Facility II LLC, which was eliminated when preparing the FRBNY's statement of condition consistent with consolidation under generally accepted accounting principles. 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. Face value. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the remaining principal balance of the securities. Face value of commercial paper held by Commercial Paper Funding Facility II LLC. Cash value of agreements. 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. H.4.1 3. Supplemental Information on Mortgage-Backed Securities Millions of dollars Account name Wednesday Apr 29, 2020 Mortgage-backed securities held outright1 Residential mortgage-backed securities Commercial mortgage-backed securities 1,604,720 1,597,206 7,514 Commitments to buy mortgage-backed securities2 Commitments to sell mortgage-backed securities2 301,251 0 27 Cash and cash equivalents3 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. Includes residential and commercial mortgage-backed securities. Residential mortgage-backed securities generally settle within 180 calendar days and include commitments associated with outright transactions, dollar rolls, and coupon swaps. Commercial mortgage-backed securities generally settle within three business days. 3. This amount is included in other Federal Reserve assets in table 1 and in other assets in table 4 and table 5. H.4.1 4. Consolidated Statement of Condition of All Federal Reserve Banks Millions of dollars Assets, liabilities, and capital Assets Gold certificate account Special drawing rights certificate account Coin Securities, unamortized premiums and discounts, repurchase agreements, and loans Securities held outright1 U.S. Treasury securities Bills2 Notes and bonds, nominal2 Notes and bonds, inflation-indexed2 Inflation compensation3 Federal agency debt securities2 Mortgage-backed securities4 Unamortized premiums on securities held outright5 Unamortized discounts on securities held outright5 Repurchase agreements6 Loans7 Net portfolio holdings of Commercial Paper Funding Facility II LLC8 Items in process of collection Bank premises Central bank liquidity swaps9 Foreign currency denominated assets10 Other assets11 Eliminations from consolidation Wednesday Apr 29, 2020 11,037 5,200 1,598 (0) Change since Wednesday Wednesday Apr 22, 2020 May 1, 2019 - 6,137,246 5,578,486 3,971,419 326,044 3,367,047 242,290 36,038 2,347 1,604,720 283,240 -5,711 158,202 123,028 + + + 3,372 41 2,208 438,953 20,525 35,749 (0) 6,655,929 Total assets Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table. 0 0 38 - 0 0 72 + + + + 51,563 44,300 62,067 0 52,403 8,598 1,066 0 17,767 5,203 417 702 940 +2,314,417 +1,876,752 +1,847,465 + 325,944 +1,380,622 + 126,929 + 13,971 0 + 29,287 + 149,208 + 7,260 + 158,202 + 122,994 + + + + + + 640 6 1 29,241 120 1,262 + + + + + 82,793 +2,766,238 + + + 3,372 30 14 438,898 118 9,756 H.4.1 4. Consolidated Statement of Condition of All Federal Reserve Banks (continued) Millions of dollars Assets, liabilities, and capital Liabilities Federal Reserve notes, net of F.R. Bank holdings Reverse repurchase agreements12 Deposits Term deposits held by depository institutions Other deposits held by depository institutions U.S. Treasury, General Account Foreign official Other13 Deferred availability cash items Other liabilities and accrued dividends14 Total liabilities Capital accounts Capital paid in Surplus Other capital accounts Total capital Note: Components may not sum to totals because of rounding. 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. Eliminations from consolidation (0) (0) (0) (0) Wednesday Apr 29, 2020 Change since Wednesday Wednesday Apr 22, 2020 May 1, 2019 1,862,131 269,106 4,460,138 0 3,163,513 1,076,232 16,323 204,070 1,438 24,279 + + + + + + - 14,469 20,186 87,725 0 63,533 126,233 20 102,060 1,097 318 + 179,317 713 +2,568,121 0 +1,703,503 + 707,468 + 11,078 + 146,072 + 891 + 19,085 6,617,091 + 82,787 +2,766,700 32,013 6,825 0 + 7 0 0 - 462 0 0 38,838 + 7 - 462 Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A. Face value of the securities. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed securities. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the remaining principal balance of the securities. 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. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities. Loans includes primary, secondary, and seasonal loans and credit extended through the Primary Dealer Credit Facility, Money Market Mutual Fund Liquidity Facility, Paycheck Protection Program Liquidity Facility, and other credit extensions. Refer to the note on consolidation accompanying table 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. Revalued daily at current foreign currency exchange rates. Includes accrued interest, which represents the daily accumulation of interest earned, and other accounts receivable. Also includes net portfolio holdings of Maiden Lane LLC. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities. 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. Includes the liability for earnings remittances due to the U.S. Treasury. H.4.1 5. Statement of Condition of Each Federal Reserve Bank, April 29, 2020 Millions of dollars Assets, liabilities, and capital Assets Gold certificates and special drawing rights certificates Coin Securities, unamortized premiums and discounts, repurchase agreements, and loans1 Net portfolio holdings of Commercial Paper Funding Facility II LLC2 Central bank liquidity swaps3 Foreign currency denominated assets4 Other assets5 Interdistrict settlement account Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas City Dallas San Francisco 16,237 1,598 533 36 5,483 46 529 146 761 89 1,165 218 2,183 154 1,137 266 479 24 270 48 450 105 1,202 182 2,045 285 6,137,246 183,327 3,163,269 138,095 188,631 378,874 445,143 342,081 96,161 57,730 97,563 291,516 754,854 3,372 438,953 0 20,836 3,372 147,516 0 15,796 0 37,511 0 92,649 0 21,771 0 17,047 0 7,195 0 3,437 0 4,629 0 5,211 0 65,356 974 972 59,723 + 6,900 18,413 424,296 - 738 912 13,489 - 1,754 1,252 35,000 + 4,331 2,699 47,108 - 1,018 2,842 96,096 - 336 746 20,482 - 161 488 12,132 - 216 888 13,269 + 84,460 50,002 90,582 20,525 37,998 0 - 6,655,929 146,955 3,769,296 142,727 194,997 Total assets Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table. 527,044 377,014 797 2,148 4,116 359,359 244 2,044 4,689 305,089 3,055 4,594 221,786 608,403 H.4.1 5. Statement of Condition of Each Federal Reserve Bank, April 29, 2020 (continued) Millions of dollars Assets, liabilities, and capital Liabilities Federal Reserve notes, net Reverse repurchase agreements6 Deposits Depository institutions U.S. Treasury, General Account Foreign official Other7 Earnings remittances due to the U.S. Treasury8 Other liabilities and accrued dividends Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas City San Francisco Dallas 1,862,131 269,106 4,460,138 57,679 6,043 81,015 620,774 139,332 2,978,912 50,852 6,140 83,973 84,152 8,419 98,647 125,645 16,866 375,279 256,705 19,832 97,579 120,771 15,031 221,278 58,943 4,252 20,361 30,160 2,543 15,336 50,021 4,279 35,553 152,523 12,969 138,308 253,905 33,399 313,897 3,163,513 1,076,232 16,323 204,070 80,996 0 2 16 1,827,993 1,076,232 16,296 58,391 83,971 0 1 0 92,817 0 3 5,826 374,380 0 8 890 91,102 0 2 6,475 101,734 0 2 119,542 20,356 0 1 4 15,265 0 0 70 26,441 0 0 9,112 134,566 0 0 3,742 313,891 0 6 1 1,933 52 985 40 67 154 141 103 19 14 28 88 242 23,784 336 16,292 334 415 948 857 680 249 1,624 286 548 1,214 6,617,091 145,125 3,756,295 141,338 191,700 518,892 375,115 357,862 83,825 49,677 90,168 304,437 602,658 32,013 6,825 0 1,506 324 0 10,707 2,294 0 1,143 246 0 2,714 583 0 6,712 1,441 0 1,561 338 0 1,232 265 0 523 112 0 272 53 0 343 72 0 571 81 0 4,729 1,016 0 6,655,929 146,955 3,769,296 142,727 194,997 Total liabilities and capital Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table. 527,044 377,014 359,359 84,460 50,002 90,582 305,089 608,403 Total liabilities Capital Capital paid in Surplus Other capital H.4.1 5. Statement of Condition of Each Federal Reserve Bank, April 29, 2020 (continued) 1. 2. 3. 4. 5. 6. 7. 8. Securities include outright holdings of U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities, including securities lent to dealers under the overnight securities lending facility; refer to table 1A. Mortgage-backed securities are guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Unamortized premiums and discounts are the differences between the purchase price and the face value of the securities that have not been amortized. For U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities, amortization is on an effective-interest basis. Repurchase agreements reflect the cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities. Loans includes primary, secondary, and seasonal loans and credit extended through the Primary Dealer Credit Facility, Money Market Mutual Fund Liquidity Facility, Paycheck Protection Program Liquidity Facility, and other credit extensions. Refer to note on consolidation below. 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. Revalued daily at current foreign currency exchange rates. Includes items in process of collection, bank premises, accrued interest (which represents the daily accumulation of interest earned), and other accounts receivable. Also includes Net portfolio holdings of Maiden Lane LLC; refer to the note on consolidation for additional information. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities. 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. 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 April 14, 2020, the Federal Reserve Bank of New York (FRBNY) began extending loans to the Commercial Paper Funding Facility II LLC (CPFF II LLC) under the authority of section 13(3) of the Federal Reserve Act. CPFF II LLC is a limited liability company formed to purchase three-month U.S dollar-denominated commercial paper by eligible issuers. The assets of the CPFF II LLC are used to secure the loan from the FRBNY and the amount provided by U.S. Treasury as credit protection to the FRBNY. The FRBNY is the managing member of CPFF II LLC. Consistent with generally accepted accounting principles, the assets and liabilities of the CPFF II LLC have been consolidated with the assets and liabilities of the FRBNY in the preparation of the statements of condition shown on this release. As a consequence of the consolidation, the loan from the FRBNY to CPFF II LLC is eliminated, the net assets of the CPFF II LLC appear as assets on the previous page (and in table 1 and table 4), and the liabilities of the CPFF II LLC to entities other than the FRBNY, including those with recourse only to the portfolio holdings of the CPFF II LLC are included in other liabilities in this table (and table 1 and table 4). H.4.1 6. Collateral Held against Federal Reserve Notes: Federal Reserve Agents’ Accounts Millions of dollars Federal Reserve notes and collateral Federal Reserve notes outstanding Less: Notes held by F.R. Banks not subject to collateralization Federal Reserve notes to be collateralized Collateral held against Federal Reserve notes Gold certificate account Special drawing rights certificate account U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 Other assets pledged Memo: Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 Less: Face value of securities under reverse repurchase agreements U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged Note: Components may not sum to totals because of rounding. 1. 2. 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. Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A. Wednesday Apr 29, 2020 2,022,105 159,974 1,862,131 1,862,131 11,037 5,200 1,845,894 0 5,736,689 255,747 5,480,941
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