The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
FEDERAL RESERVE statistical release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks January 23, 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 22, 2020 4,114,302 3,778,361 2,373,053 203,602 2,015,974 128,005 25,472 2,347 1,402,961 124,202 -13,254 196,617 6 6 0 0 0 0 -116 54 28,431 20,527 11,041 5,200 50,148 Averages of daily figures Change from week ended Jan 15, 2020 Jan 23, 2019 + + + + + + + - + - + 18,465 8,441 13,959 10,288 4,429 612 146 0 5,518 259 19 27,233 1 2 0 1 0 0 12 5 582 63 0 0 14 4,201,219 18,513 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 22, 2020 + 103,542 75,854 152,906 203,602 67,612 13,236 3,681 62 228,698 14,986 78 196,617 38 34 0 3 0 0 20 32 2,265 371 0 0 365 4,107,163 3,782,010 2,381,020 210,031 2,017,518 128,005 25,467 2,347 1,398,642 123,974 -13,272 186,076 0 0 0 0 0 0 -158 54 28,480 20,526 11,041 5,200 50,148 + 103,537 4,194,078 - + - 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 22, 2020 Averages of daily figures Change from week ended Jan 15, 2020 Jan 23, 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 1,794,741 262,569 249,157 13,412 191 477,853 0 403,941 5,181 68,731 44,175 + + + 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. + + + + + + + - 2,524 3,878 16,631 12,753 14 53,839 0 52,954 1 885 853 2,579,529 + 1,621,689 - Wednesday Jan 22, 2020 + + 89,978 5,412 2,943 2,468 46 8,101 0 14,315 103 6,111 278 1,794,751 265,357 249,753 15,604 207 480,494 0 411,708 5,180 63,605 43,676 46,598 + 103,723 2,584,484 65,112 - 187 1,609,594 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 22, 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 15, 2020 Jan 23, 2019 3,413,121 2,969,583 359,906 83,632 28,307 28,307 28,307 0 + + - 6,622 8,872 1,238 1,012 3,322 3,322 3,322 0 + + + + + + Wednesday Jan 22, 2020 4,660 57,800 47,805 14,656 7,748 7,748 7,748 0 3,428,153 2,979,204 365,247 83,701 28,725 28,725 28,725 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 22, 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 + 23,659 8,792 0 - 126,629 4,875 2. 3. 4. 5. 0 + 369,212 19,614 0 0 0 0 0 0 0 0 186,076 54 1 0 0 0 14 0 ... 0 0 0 ... 0 265,357 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 Over 10 years ... 902,619 5,131 - 315,605 7 - 643,297 7 0 0 + 1,151 665 - 1,196 665 1,235 94 ... 0 ... ... + 73,118 136 ... 0 ... ... All - 1,324,274 5,906 ... 0 ... ... 0 + 2,381,020 18,385 2,347 0 - 1,398,642 5,676 186,076 54 265,357 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 22, 2020 Mortgage-backed securities held outright1 1,398,642 Commitments to buy mortgage-backed securities2 Commitments to sell mortgage-backed securities2 3,966 0 3 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 22, 2020 11,037 5,200 1,744 (0) 4,078,787 3,782,010 2,381,020 210,031 2,017,518 128,005 25,467 2,347 1,398,642 123,974 -13,272 186,076 0 0 84 2,200 54 20,526 26,280 (0) 4,145,912 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 15, 2020 Jan 23, 2019 + + + + + 0 0 31 - 0 0 36 + + + + + + + - + + 31,179 12,710 18,385 15,002 3,402 0 18 0 5,676 436 51 43,392 9 0 7 1 5 81 1,302 - 101,675 69,409 160,905 210,031 66,068 13,236 3,707 62 230,253 15,022 50 186,076 19 0 122 5 32 404 2,217 - 29,938 + 98,860 - 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 22, 2020 Change since Wednesday Wednesday Jan 15, 2020 Jan 23, 2019 1,746,549 265,357 2,090,087 0 1,609,594 411,708 5,180 63,605 242 5,153 + - + + - + + - 939 4,444 32,970 0 63,768 30,906 1 107 90 565 + + 89,468 11,740 2,064 0 2,124 9,481 63 9,358 189 513 4,107,390 - 29,937 + 99,471 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 22, 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 1,744 351 196 41 3,707 1,818 48 327 210 153 531 237 103 754 412 231 1,560 654 179 711 424 286 328 150 33 186 90 50 292 153 117 890 282 202 1,400 574 302 4,078,787 3,782,010 2,381,020 210,031 2,170,989 2,347 1,398,642 84,619 78,462 49,397 4,357 45,040 49 29,016 2,225,267 2,063,354 1,299,015 114,587 1,184,428 1,280 763,058 98,774 91,587 57,660 5,086 52,574 57 33,870 119,335 110,652 69,663 6,145 63,518 69 40,921 249,607 231,445 145,710 12,853 132,857 144 85,592 278,879 258,588 162,798 14,360 148,437 160 95,629 214,101 198,523 124,983 11,025 113,958 123 73,417 58,623 54,357 34,222 3,019 31,203 34 20,102 35,295 32,727 20,604 1,817 18,786 20 12,103 60,482 56,081 35,307 3,114 32,192 35 20,740 177,106 164,219 103,387 9,120 94,267 102 60,731 476,699 442,014 278,276 24,547 253,730 274 163,463 123,974 2,572 67,636 3,002 3,627 7,587 8,476 6,508 1,782 1,073 1,838 5,383 14,489 -13,272 186,076 0 -275 3,860 0 -7,241 101,518 0 -321 4,506 0 -388 5,444 0 -812 11,387 0 -907 12,723 0 -697 9,767 0 -191 2,674 0 -115 1,610 0 -197 2,759 0 -576 8,080 0 -1,551 21,747 0 0 84 2,200 54 0 0 105 2 0 0 456 17 0 0 91 3 0 0 117 4 0 0 192 11 0 83 203 3 0 0 194 2 0 0 102 1 0 1 93 0 0 0 228 1 0 0 224 1 0 0 196 8 20,526 26,280 0 + 884 561 7,478 - 1,638 783 3,349 - 4,376 1,840 2,875 + 857 1,348 8,274 + 313 460 7,321 + 6,515 13,855 59,761 - 1,186 629 11,532 + 4,145,912 94,238 2,191,921 89,843 126,098 Total assets Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table. 254,549 1,194 1,778 19,514 + 304,046 226,197 67,331 98 268 4,057 + 40,138 199 480 5,949 + 67,900 254 1,244 15,106 + 195,309 3,013 3,033 3,118 488,343 H.4.1 5. Statement of Condition of Each Federal Reserve Bank, January 22, 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 1,956,470 209,921 1,746,549 265,357 2,090,087 60,897 5,999 54,898 5,505 31,843 640,111 49,719 590,392 144,771 1,441,827 57,569 8,630 48,939 6,426 32,745 93,910 10,012 83,897 7,764 30,975 134,159 17,153 117,006 16,239 112,612 273,545 32,573 240,972 18,143 42,489 126,543 13,128 113,416 13,929 97,001 59,466 5,440 54,026 3,814 8,709 32,074 2,905 29,169 2,296 8,077 54,185 7,135 47,051 3,935 16,338 164,236 20,289 143,947 11,522 39,108 259,775 36,937 222,838 31,013 228,365 0 0 0 0 0 0 0 0 0 0 0 0 0 1,609,594 411,708 5,180 63,605 242 31,831 0 2 10 0 1,002,493 411,708 5,153 22,473 0 32,743 0 2 0 0 30,941 0 3 30 0 112,016 0 9 588 0 42,455 0 2 31 88 56,691 0 2 40,308 0 8,706 0 1 2 0 8,015 0 0 62 155 16,300 0 0 37 0 39,043 0 0 64 0 228,359 0 6 0 0 1,180 10 462 184 2 66 179 71 25 4 11 85 82 3,973 153 1,524 162 168 495 266 284 127 136 160 189 310 4,107,390 92,409 2,178,975 88,456 122,806 246,419 302,136 224,701 66,699 39,837 67,494 194,852 482,607 31,698 6,825 0 1,505 324 0 10,653 2,294 0 1,141 246 0 2,709 583 0 6,690 1,441 0 1,572 338 0 1,230 265 0 519 112 0 248 53 0 334 72 0 377 81 0 4,720 1,016 0 4,145,912 94,238 2,191,921 89,843 126,098 Total liabilities and capital Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table. 254,549 304,046 226,197 67,331 40,138 67,900 195,309 488,343 Total liabilities Capital Capital paid in Surplus Other capital H.4.1 5. Statement of Condition of Each Federal Reserve Bank, January 22, 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 22, 2020 1,956,470 209,921 1,746,549 1,746,549 11,037 5,200 1,730,313 0 3,968,086 259,845 3,708,240
@FedFRASER