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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