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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 6, 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 Loans Primary credit Secondary credit Seasonal credit Other credit extensions Net portfolio holdings of Maiden Lane 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 Feb 5, 2020 4,119,939 3,805,473 2,415,837 236,820 2,024,338 129,245 25,434 2,347 1,387,289 123,542 -13,308 175,319 6 5 0 0 0 0 -344 48 29,203 20,620 11,041 5,200 50,176 Averages of daily figures Change from week ended Jan 29, 2020 Feb 6, 2019 + + + + + + - + + + 4,731 11,989 18,482 13,930 3,333 1,240 21 0 6,492 188 14 6,992 0 1 0 0 0 0 159 3 99 108 0 0 14 4,206,977 + 4,854 Total factors supplying reserve funds Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table. + + + + + + + Wednesday Feb 5, 2020 + 133,606 24,498 210,084 236,820 45,058 14,476 3,846 62 234,520 14,833 39 175,319 9 1 0 10 0 0 101 18 2,215 369 0 0 379 4,128,065 3,817,516 2,427,880 247,536 2,025,475 129,451 25,418 2,347 1,387,289 123,542 -13,333 170,250 1 0 0 1 0 0 -104 48 30,145 20,453 11,041 5,200 50,176 + 133,618 4,214,936 - - 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 Feb 5, 2020 Averages of daily figures Change from week ended Jan 29, 2020 Feb 6, 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 1,792,655 244,544 240,255 4,289 219 480,775 0 413,322 5,182 62,270 43,768 + + + + + - 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. + + + + - 417 8,921 6,519 2,402 11 32,331 0 18,739 2 13,594 838 2,561,960 - 1,645,016 + Wednesday Feb 5, 2020 + + 89,283 12,423 15,116 2,693 41 60,261 0 60,947 62 626 76 1,794,675 239,163 235,051 4,112 228 484,389 0 416,585 5,183 62,621 43,607 23,821 + 137,154 2,562,063 28,674 - 3,537 1,652,873 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 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. 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 Feb 5, 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 Jan 29, 2020 Feb 6, 2019 3,426,345 2,979,721 364,874 81,750 31,429 31,429 31,429 0 + + + 8,028 5,763 333 1,931 2,731 2,731 2,731 0 + + + + + Wednesday Feb 5, 2020 572 57,404 45,629 11,204 8,977 8,977 8,977 0 3,435,564 2,989,080 364,953 81,531 34,868 34,868 34,868 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, February 5, 2020 Millions of dollars Within 15 days Remaining Maturity Loans U.S. Treasury securities1 Holdings Weekly changes Federal agency debt securities2 Holdings Weekly changes Mortgage-backed securities3 Holdings Weekly changes Repurchase agreements4 Central bank liquidity swaps5 16 days to 90 days 0 + 53,364 25,098 1 - 115,176 20,026 0 0 0 0 170,250 48 2. 3. 4. 5. 0 + 0 0 + 239,163 Reverse repurchase agreements4 0 Term deposits Note: Components may not sum to totals because of rounding. ...Not applicable. 1. 91 days to 1 year 1 1 0 0 0 0 378,638 105 + 0 0 + 4 1 ... 0 ... 0 Over 1 year to 5 years Over 5 year to 10 years 0 0 917,955 9,736 + 0 0 + 1,394 245 ... 0 ... ... 319,329 3,731 Over 10 years ... + 1,151 0 + 71,691 815 ... 0 ... ... All 643,419 129 1 + 2,427,880 18,772 1,196 0 - 1,314,200 1,060 ... 0 ... ... 2,347 0 + 1,387,289 1 170,250 48 239,163 0 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. 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 Feb 5, 2020 Mortgage-backed securities held outright1 1,387,289 Commitments to buy mortgage-backed securities2 Commitments to sell mortgage-backed securities2 7,770 0 2 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. 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. 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 Loans Net portfolio holdings of Maiden Lane LLC7 Items in process of collection Bank premises Central bank liquidity swaps8 Foreign currency denominated assets9 Other assets10 Eliminations from consolidation Wednesday Feb 5, 2020 11,037 5,200 1,772 (0) 4,097,977 3,817,516 2,427,880 247,536 2,025,475 129,451 25,418 2,347 1,387,289 123,542 -13,333 170,250 1 0 76 2,193 48 20,453 27,952 (0) 4,166,707 Total assets Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table. Change since Wednesday Wednesday Jan 29, 2020 Feb 6, 2019 + + + + + + + - 0 0 5 - 0 0 39 + + + + + + - + + 13,854 18,773 18,772 15,002 2,354 1,446 30 0 1 15 27 4,875 33 0 22 17 3 46 1,263 + - 143,007 12,414 222,167 247,536 43,921 14,682 3,870 62 234,520 14,739 75 170,250 15 0 10 6 18 441 2,156 + 15,077 + 140,357 + + - 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 agreements11 Deposits Term deposits held by depository institutions Other deposits held by depository institutions U.S. Treasury, General Account Foreign official Other12 Deferred availability cash items Other liabilities and accrued dividends13 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. Eliminations from consolidation (0) (0) (0) (0) Wednesday Feb 5, 2020 Change since Wednesday Wednesday Jan 29, 2020 Feb 6, 2019 1,746,494 239,163 2,137,263 0 1,652,873 416,585 5,183 62,621 180 5,105 + + + + + + + + - 1,897 5,759 8,499 0 40,650 33,952 2 1,798 549 508 + + + 88,883 9,067 60,600 0 5,990 62,689 61 3,961 77 667 4,128,205 + 15,097 + 141,005 31,677 6,825 0 - 20 0 0 - 649 0 0 38,502 - 20 - 649 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. 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. 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, February 5, 2020 Millions of dollars Assets, liabilities, and capital Assets Gold certificate account Special drawing rights certificate acct. Coin Securities, unamortized premiums and discounts, repurchase agreements, and loans Securities held outright1 U.S. Treasury securities Bills2 Notes and bonds3 Federal agency debt securities2 Mortgage-backed securities4 Unamortized premiums on securities held outright5 Unamortized discounts on securities held outright5 Repurchase agreements6 Loans Net portfolio holdings of Maiden Lane LLC7 Items in process of collection Bank premises Central bank liquidity swaps8 Foreign currency denominated assets9 Other assets10 Interdistrict settlement account Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas City Dallas San Francisco 11,037 5,200 1,772 351 196 43 3,707 1,818 54 327 210 157 531 237 100 754 412 236 1,560 654 178 711 424 286 328 150 36 186 90 51 292 153 120 890 282 207 1,400 574 304 4,097,977 3,817,516 2,427,880 247,536 2,180,344 2,347 1,387,289 85,017 79,199 50,369 5,135 45,234 49 28,781 2,235,736 2,082,725 1,324,580 135,048 1,189,532 1,280 756,864 99,239 92,447 58,795 5,994 52,801 57 33,595 119,896 111,691 71,034 7,242 63,791 69 40,589 250,781 233,618 148,578 15,148 133,429 144 84,897 280,191 261,015 166,002 16,925 149,077 160 94,853 215,109 200,387 127,443 12,994 114,449 123 72,821 58,899 54,868 34,895 3,558 31,337 34 19,939 35,461 33,034 21,009 2,142 18,867 20 12,005 60,766 56,608 36,002 3,671 32,331 35 20,571 177,939 165,761 105,421 10,748 94,673 102 60,238 478,942 446,164 283,753 28,930 254,823 274 162,136 123,542 2,563 67,401 2,992 3,615 7,560 8,447 6,485 1,776 1,069 1,832 5,364 14,439 -13,333 170,250 1 -277 3,532 0 -7,274 92,883 0 -323 4,123 0 -390 4,981 0 -816 10,419 0 -912 11,641 0 -700 8,937 1 -192 2,447 0 -115 1,473 0 -198 2,525 0 -579 7,392 0 -1,558 19,898 0 0 76 2,193 48 0 0 105 2 0 0 454 15 0 0 91 3 0 0 117 4 0 0 191 10 0 75 202 3 0 0 192 2 0 0 102 1 0 1 93 0 0 0 228 0 0 0 222 1 0 0 196 7 1,633 838 8,703 - 4,361 1,951 6,172 + 854 1,439 4,844 + 312 516 8,590 + 20,453 27,952 0 + 881 598 10,484 - 6,492 14,757 60,623 - 1,182 672 12,806 + 4,166,707 97,676 2,202,410 89,074 132,059 Total assets Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table. 252,525 1,189 1,892 22,703 + 308,648 223,863 68,934 97 308 3,681 + 39,968 198 509 6,238 + 68,504 253 1,241 22,008 203,043 3,002 3,230 7,651 480,005 H.4.1 5. Statement of Condition of Each Federal Reserve Bank, February 5, 2020 (continued) Millions of dollars Assets, liabilities, and capital Liabilities Federal Reserve notes outstanding Less: Notes held by F.R. Banks Federal Reserve notes, net Reverse repurchase agreements11 Deposits Term deposits held by depository institutions Other deposits held by depository institutions U.S. Treasury, General Account Foreign official Other12 Deferred availability cash items Earnings remittances due to the U.S. Treasury13 Other liabilities and accrued dividends Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas City San Francisco Dallas 1,958,571 212,077 1,746,494 239,163 2,137,263 60,819 6,241 54,578 4,962 36,135 642,988 51,572 591,416 130,481 1,465,406 57,489 8,917 48,573 5,792 33,138 93,786 10,145 83,641 6,997 37,921 134,241 17,059 117,183 14,636 112,060 273,647 33,082 240,565 16,352 49,400 126,673 13,499 113,174 12,554 96,311 59,429 5,286 54,142 3,437 10,556 32,059 3,055 29,004 2,070 8,331 54,155 7,137 47,018 3,546 17,358 163,965 19,998 143,967 10,385 47,983 259,319 36,086 223,233 27,952 222,663 0 0 0 0 0 0 0 0 0 0 0 0 0 1,652,873 416,585 5,183 62,621 180 36,109 0 2 24 0 1,020,306 416,585 5,155 23,360 0 33,136 0 2 0 0 37,842 0 3 75 0 111,816 0 9 235 0 49,366 0 2 32 69 57,575 0 2 38,734 0 10,553 0 1 2 0 8,279 0 0 51 111 17,325 0 0 33 0 47,910 0 0 73 0 222,657 0 6 1 0 1,082 15 591 26 34 26 98 52 30 15 20 56 119 4,023 158 1,569 158 174 489 268 277 136 137 155 195 309 4,128,205 95,847 2,189,463 87,687 128,767 244,394 306,752 222,367 68,302 39,667 68,098 202,585 474,275 31,677 6,825 0 1,505 324 0 10,653 2,294 0 1,141 246 0 2,708 583 0 6,690 1,441 0 1,557 338 0 1,231 265 0 520 112 0 248 53 0 334 72 0 377 81 0 4,713 1,016 0 4,166,707 97,676 2,202,410 89,074 132,059 Total liabilities and capital Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table. 252,525 308,648 223,863 68,934 39,968 68,504 203,043 480,005 Total liabilities Capital Capital paid in Surplus Other capital H.4.1 5. Statement of Condition of Each Federal Reserve Bank, February 5, 2020 (continued) 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A. Face value of the securities. 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. 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. Refer to the 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 accrued interest, which represents the daily accumulation of interest earned, and other accounts receivable. 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 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). 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 Feb 5, 2020 1,958,571 212,077 1,746,494 1,746,494 11,037 5,200 1,730,257 0 3,987,766 234,548 3,753,218
@FedFRASER