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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 May 30, 2019 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 May 29, 2019 3,819,964 3,678,891 2,114,690 50 1,976,565 115,361 22,714 2,347 1,561,854 132,804 -13,014 0 63 20 0 43 0 0 -220 17 21,422 20,697 11,041 5,200 49,977 Averages of daily figures Change from week ended May 22, 2019 May 30, 2018 + + + + + - + + + 4,521 5,343 186 0 0 0 186 0 5,529 433 32 0 11 12 0 1 0 0 78 0 1,291 69 0 0 14 3,906,880 4,437 Total factors supplying reserve funds Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table. + + + + Wednesday May 29, 2019 + 468,793 448,539 272,392 50 276,877 2,412 2,023 2,044 174,104 18,606 891 0 37 1 0 39 0 1,713 89 46 831 565 0 0 400 3,812,240 3,672,496 2,114,744 50 1,976,565 115,361 22,767 2,347 1,555,405 132,550 -13,004 0 53 11 0 43 0 0 -526 17 20,653 20,660 11,041 5,200 49,977 - 468,957 3,899,119 + + - 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 May 29, 2019 Averages of daily figures Change from week ended May 22, 2019 May 30, 2018 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 1,737,649 267,400 262,757 4,643 270 311,492 0 247,777 5,245 58,470 45,359 + + - 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. + + + + + - + - 5,448 1,208 804 2,012 29 34,758 0 35,087 0 329 443 2,362,169 - 1,544,711 + - Wednesday May 29, 2019 + 78,174 23,161 20,161 3,000 17 95,503 0 77,574 10 17,920 166 1,739,666 265,417 263,191 2,226 247 314,412 0 249,011 5,245 60,157 44,585 30,991 + 6,013 2,364,326 26,554 - 474,970 1,534,792 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 May 29, 2019 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 May 22, 2019 May 30, 2018 3,463,337 3,055,822 331,676 75,839 21,457 21,457 21,457 0 + + + + 5,523 4,267 1,996 740 527 527 527 0 + + + + + + + Wednesday May 29, 2019 68,905 23,386 45,078 441 347 347 347 0 3,459,376 3,050,952 332,458 75,966 24,585 24,585 24,585 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, May 29, 2019 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 51 + 20,062 5 2 - 2. 3. 4. 5. 97,821 5 0 0 0 0 0 0 0 17 0 0 0 0 265,417 Reverse repurchase agreements4 0 Term deposits Note: Components may not sum to totals because of rounding. ...Not applicable. 1. 91 days to 1 year 0 0 0 + 251,025 1 + 0 0 - 8 2 ... 0 ... 0 Over 1 year to 5 years Over 5 year to 10 years 0 0 867,409 25 + 0 0 - 294 9 ... 0 ... ... 266,461 81 Over 10 years ... + 486 0 - 72,273 1,024 ... 0 ... ... All 611,966 67 53 + 2,114,744 175 1,861 0 - 1,482,829 7,989 ... 0 ... ... 2,347 0 - 1,555,405 9,023 0 17 265,417 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 Mortgage-backed securities held outright1 Commitments to buy mortgage-backed securities2 Commitments to sell mortgage-backed securities2 Wednesday May 29, 2019 1,555,405 252 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 May 29, 2019 11,037 5,200 1,649 (0) 3,792,095 3,672,496 2,114,744 50 1,976,565 115,361 22,767 2,347 1,555,405 132,550 -13,004 0 53 0 132 2,195 17 20,660 18,458 (0) 3,851,444 Total assets Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table. Change since Wednesday Wednesday May 22, 2019 May 30, 2018 + 0 0 12 - 0 0 126 + + + + + + 9,299 8,848 175 0 0 0 175 0 9,023 484 30 0 3 0 22 2 0 60 240 + + - 471,503 453,585 272,359 50 276,877 2,412 2,056 2,044 179,183 18,739 892 0 70 1,712 45 2 46 620 2,116 - 8,991 - 476,075 + + + + - 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 May 29, 2019 Change since Wednesday Wednesday May 22, 2019 May 30, 2018 1,691,580 265,417 1,849,205 0 1,534,792 249,011 5,245 60,157 658 5,398 + - + + - + + - 4,686 3,821 9,369 0 1,959 15,570 0 4,241 379 651 - 77,901 19,863 573,048 0 471,095 83,701 10 18,241 442 74 3,812,257 - 8,778 - 475,800 32,362 6,825 0 - 213 0 0 + - 400 675 0 39,187 - 213 - 275 + - 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, May 29, 2019 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 1,649 351 196 41 3,707 1,818 36 327 210 145 531 237 107 754 412 211 1,560 654 176 711 424 284 328 150 26 186 90 48 292 153 106 890 282 181 1,400 574 287 3,792,095 3,672,496 2,114,744 50 2,114,694 2,347 1,555,405 78,670 76,190 43,873 1 43,872 49 32,269 2,068,827 2,003,606 1,153,742 27 1,153,715 1,280 848,584 91,830 88,935 51,212 1 51,211 57 37,667 110,946 107,448 61,872 1 61,871 69 45,507 232,059 224,744 129,415 3 129,412 144 95,185 259,275 251,100 144,591 3 144,588 160 106,348 199,058 192,774 111,006 3 111,003 123 81,645 54,502 52,783 30,394 1 30,394 34 22,355 32,844 31,779 18,299 0 18,299 20 13,459 56,233 54,457 31,358 1 31,357 35 23,064 164,656 159,464 91,825 2 91,823 102 67,538 443,195 429,215 247,156 6 247,150 274 181,784 132,550 2,750 72,315 3,210 3,878 8,112 9,063 6,958 1,905 1,147 1,966 5,755 15,491 -13,004 0 53 -270 0 0 -7,095 0 0 -315 0 0 -380 0 0 -796 0 0 -889 0 1 -683 0 8 -187 0 0 -113 0 31 -193 0 3 -565 0 1 -1,520 0 9 0 132 2,195 17 0 0 108 1 0 0 458 5 0 0 80 1 0 0 119 1 0 0 192 4 0 131 207 1 0 0 192 1 0 0 105 0 0 0 95 0 0 0 229 0 0 0 220 0 0 0 192 2 20,660 18,458 0 - 890 399 1,991 - 6,558 9,544 129,337 - 1,194 442 7,904 + 1,649 541 2,900 + 3,851,444 78,665 1,961,617 86,325 117,030 Total assets Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table. 4,405 1,319 17,120 + 256,476 1,201 1,241 21,280 + 285,725 862 946 17,427 + 219,905 315 453 5,799 + 61,678 98 207 3,217 + 36,785 200 338 3,360 + 60,912 256 906 17,988 + 185,377 3,033 2,124 50,141 500,948 H.4.1 5. Statement of Condition of Each Federal Reserve Bank, May 29, 2019 (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 1,884,805 193,225 1,691,580 265,417 1,849,205 57,705 6,095 51,610 5,506 19,581 621,512 48,966 572,545 144,804 1,228,893 54,480 7,953 46,527 6,427 31,629 89,794 9,429 80,365 7,765 25,446 129,574 14,325 115,249 16,243 116,194 259,025 30,624 228,402 18,147 36,345 122,858 12,133 110,725 13,932 93,343 56,034 6,017 50,017 3,815 7,091 31,240 3,075 28,165 2,297 5,465 50,423 7,676 42,747 3,936 13,668 158,238 18,435 139,803 11,525 33,296 253,923 28,497 225,426 31,020 238,254 0 0 0 0 0 0 0 0 0 0 0 0 0 1,534,792 249,011 5,245 60,157 658 19,572 0 2 7 0 954,431 249,011 5,218 20,233 0 31,626 0 2 1 0 25,416 0 3 27 0 115,848 0 9 338 0 36,310 0 2 34 143 54,162 0 2 39,179 0 7,085 0 1 5 0 5,413 0 0 52 515 13,501 0 0 167 0 33,182 0 0 114 0 238,247 0 6 1 0 1,089 25 563 26 42 59 103 55 12 12 19 61 111 4,309 159 1,643 186 200 559 301 285 127 142 147 205 355 3,812,257 76,880 1,948,448 84,795 113,818 248,304 283,441 218,340 61,062 36,595 60,518 184,889 495,166 32,362 6,825 0 1,491 294 0 11,003 2,166 0 1,136 394 0 2,667 545 0 6,717 1,455 0 1,887 397 0 1,280 285 0 512 104 0 157 32 0 328 66 0 403 84 0 4,780 1,002 0 3,851,444 78,665 1,961,617 86,325 117,030 Total liabilities and capital Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table. 256,476 285,725 219,905 61,678 36,785 60,912 185,377 500,948 Total liabilities Capital Capital paid in Surplus Other capital H.4.1 5. Statement of Condition of Each Federal Reserve Bank, May 29, 2019 (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 May 29, 2019 1,884,805 193,225 1,691,580 1,691,580 11,037 5,200 1,675,343 0 3,672,496 254,593 3,417,903
@FedFRASER