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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 January 16, 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 Jan 15, 2020 4,132,767 3,769,920 2,359,094 193,314 2,011,545 128,617 25,618 2,347 1,408,479 124,461 -13,273 223,850 5 4 0 1 0 0 -104 59 27,849 20,590 11,041 5,200 50,134 Averages of daily figures Change from week ended Jan 8, 2020 Jan 16, 2019 + + + + + + + + - + + - + 4,439 23,235 23,432 19,503 2,539 1,233 158 0 198 15 33 17,108 0 1 0 1 0 0 98 3,669 1,933 160 0 0 14 4,219,732 + 4,292 Total factors supplying reserve funds Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table. + + + + + + + - Wednesday Jan 15, 2020 + 116,806 90,129 137,345 193,314 72,041 12,580 3,493 62 227,412 15,131 94 223,850 10 10 0 0 0 0 98 29 1,937 497 0 0 358 4,137,142 3,769,300 2,362,635 195,029 2,014,116 128,005 25,485 2,347 1,404,318 124,410 -13,221 229,468 9 9 0 0 0 0 -60 59 27,177 20,607 11,041 5,200 50,134 + 116,667 4,224,124 + - 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 Jan 15, 2020 Averages of daily figures Change from week ended Jan 8, 2020 Jan 16, 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 1,797,265 266,447 265,788 659 177 424,014 0 350,987 5,182 67,846 45,028 + - 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. + + + - + + 7,742 12,004 9,498 2,506 5 10,541 0 16,015 0 5,475 1,860 2,532,931 - 1,686,801 + - Wednesday Jan 15, 2020 + 90,512 4,214 5,383 1,170 46 735 0 193 65 476 60 1,795,725 260,913 260,238 675 189 449,695 0 380,802 5,181 63,712 44,241 28,423 + 94,004 2,550,762 32,715 + 22,663 1,673,362 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 Jan 15, 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 8, 2020 Jan 16, 2019 3,419,743 2,978,455 358,668 82,620 31,629 31,629 31,629 0 + + - 11,878 12,116 208 30 2,710 2,710 2,710 0 + + + + + + Wednesday Jan 15, 2020 16,464 49,364 50,759 15,069 10,441 10,441 10,441 0 3,402,448 2,961,416 358,186 82,846 31,048 31,048 31,048 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, January 15, 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 9 - 14,867 3,404 0 + 131,504 6,013 2. 3. 4. 5. 0 + 349,598 5,396 0 0 0 0 0 0 0 0 229,468 59 1 0 0 0 14 0 ... 0 0 0 ... 0 260,913 Reverse repurchase agreements4 0 Term deposits Note: Components may not sum to totals because of rounding. ...Not applicable. 1. 91 days to 1 year + Over 1 year to 5 years Over 5 year to 10 years 0 0 907,750 12,900 - 0 0 - 1,141 9 ... 0 ... ... 315,612 8,689 Over 10 years ... + 486 0 - 72,982 558 ... 0 ... ... All 643,304 2,705 9 + 2,362,635 14,921 1,861 0 - 1,330,180 3,792 ... 0 ... ... 2,347 0 - 1,404,318 4,359 229,468 59 260,913 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 Jan 15, 2020 Mortgage-backed securities held outright1 1,404,318 Commitments to buy mortgage-backed securities2 Commitments to sell mortgage-backed securities2 3,954 160 0 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 Jan 15, 2020 11,037 5,200 1,713 (0) 4,109,966 3,769,300 2,362,635 195,029 2,014,116 128,005 25,485 2,347 1,404,318 124,410 -13,221 229,468 9 0 91 2,199 59 20,607 24,978 (0) 4,175,850 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 8, 2020 Jan 16, 2019 + + + + + + + + 0 0 36 - 0 0 55 + + + + + + + - + + + 29,443 10,562 14,921 10,502 3,766 621 32 0 4,359 64 57 18,881 7 0 35 1 3,669 25 485 - 128,539 86,056 142,416 195,029 69,470 13,236 3,622 62 228,411 15,000 133 229,468 6 0 118 5 29 390 2,136 + 26,306 + 125,806 + + + 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 Jan 15, 2020 Change since Wednesday Wednesday Jan 8, 2020 Jan 16, 2019 1,747,488 260,913 2,123,057 0 1,673,362 380,802 5,181 63,712 152 5,718 + + + + + + + 6,622 14,010 46,568 0 16,733 29,962 1 127 27 399 + + 89,759 4,958 31,372 0 47,861 15,612 62 815 165 495 4,137,327 + 26,306 + 126,417 31,698 6,825 0 0 0 0 - 610 0 0 38,523 0 - 610 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, January 15, 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 1,713 351 196 41 3,707 1,818 44 327 210 150 531 237 103 754 412 228 1,560 654 177 711 424 282 328 150 32 186 90 50 292 153 116 890 282 200 1,400 574 291 4,109,966 3,769,300 2,362,635 195,029 2,167,606 2,347 1,404,318 85,266 78,199 49,016 4,046 44,970 49 29,134 2,242,273 2,056,420 1,288,985 106,402 1,182,583 1,280 766,155 99,529 91,280 57,215 4,723 52,492 57 34,008 120,247 110,280 69,125 5,706 63,419 69 41,087 251,515 230,668 144,585 11,935 132,650 144 85,939 281,010 257,719 161,541 13,335 148,206 160 96,017 215,737 197,856 124,018 10,237 113,781 123 73,715 59,071 54,175 33,957 2,803 31,154 34 20,184 35,564 32,617 20,444 1,688 18,757 20 12,152 60,944 55,893 35,034 2,892 32,142 35 20,824 178,467 163,667 102,588 8,468 94,120 102 60,977 480,342 440,528 276,128 22,794 253,334 274 164,126 124,410 2,581 67,875 3,013 3,640 7,613 8,506 6,530 1,788 1,077 1,845 5,402 14,540 -13,221 229,468 9 -274 4,761 0 -7,213 125,191 0 -320 5,557 0 -387 6,714 0 -809 14,043 1 -904 15,689 0 -694 12,045 0 -190 3,298 0 -114 1,986 0 -196 3,403 0 -574 9,964 8 -1,545 26,819 0 0 91 2,199 59 0 0 105 3 0 0 455 19 0 0 91 3 0 0 117 5 0 0 192 12 0 90 203 3 0 0 194 2 0 0 102 1 0 1 93 0 0 0 228 1 0 0 224 1 0 0 196 9 1,645 746 4,095 + 4,394 1,760 413 + 20,607 24,978 0 + 887 536 14,329 - 6,541 13,179 98,045 - 1,190 599 11,718 + 4,175,850 101,714 2,169,990 90,383 127,726 Total assets Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table. 259,680 1,198 1,694 24,206 + 310,795 860 1,286 17,489 + 236,986 314 439 8,435 + 68,872 98 249 4,186 + 40,518 200 445 7,414 + 69,791 255 1,156 21,295 + 202,770 3,025 2,888 7,901 496,625 H.4.1 5. Statement of Condition of Each Federal Reserve Bank, January 15, 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 1,955,676 208,189 1,747,488 260,913 2,123,057 60,956 5,881 55,075 5,413 39,239 639,984 49,524 590,460 142,346 1,421,813 57,663 8,617 49,045 6,318 33,279 94,066 9,851 84,215 7,634 32,404 134,316 17,127 117,189 15,967 117,804 272,684 31,645 241,039 17,839 49,510 126,707 13,018 113,689 13,696 107,728 59,534 5,360 54,174 3,750 10,175 32,051 2,931 29,120 2,258 8,600 54,214 7,141 47,073 3,869 18,293 164,194 20,310 143,884 11,329 46,814 259,308 36,784 222,525 30,494 237,399 0 0 0 0 0 0 0 0 0 0 0 0 0 1,673,362 380,802 5,181 63,712 152 39,220 0 2 17 0 1,014,456 380,802 5,154 21,402 0 33,276 0 2 0 0 32,371 0 3 29 0 117,586 0 9 210 0 49,476 0 2 32 44 65,961 0 2 41,765 0 10,172 0 1 2 0 8,506 0 0 94 108 18,260 0 0 32 0 46,686 0 0 127 0 237,392 0 6 1 0 1,063 14 617 23 40 44 85 43 11 9 10 53 115 4,655 173 1,936 182 181 531 309 315 138 143 147 228 371 4,137,327 99,915 2,157,172 88,847 124,473 251,535 308,826 235,470 68,248 40,237 69,391 202,309 490,904 31,698 6,825 0 1,505 294 0 10,653 2,166 0 1,141 394 0 2,709 545 0 6,690 1,455 0 1,572 397 0 1,230 285 0 520 104 0 248 32 0 334 66 0 376 84 0 4,720 1,002 0 4,175,850 101,714 2,169,990 90,383 127,726 Total liabilities and capital Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table. 259,680 310,795 236,986 68,872 40,518 69,791 202,770 496,625 Total liabilities Capital Capital paid in Surplus Other capital H.4.1 5. Statement of Condition of Each Federal Reserve Bank, January 15, 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 Jan 15, 2020 1,955,676 208,189 1,747,488 1,747,488 11,037 5,200 1,731,251 0 3,998,768 257,466 3,741,302
@FedFRASER