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On 9 April, the source wrote (citation):
The Board's H.4.1 statistical release, "Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks," has been modified to include information related to the temporary repurchase agreement facility for foreign and international monetary authorities (FIMA Repo Facility) and the purchases of agency commercial mortgage-backed securities.
The FIMA Repo Facility was announced by the Federal Reserve on March 31, 2020, and began operations on April 6, 2020. The FIMA Repo Facility will allow FIMA account holders, which consist of central banks and other international monetary authorities with accounts at the Federal Reserve Bank of New York, to enter into repurchase agreements with the Federal Reserve's System Open Market Account (SOMA). Beginning with this release, in table 1 the line item "Repurchase agreements" reports in aggregate repurchase agreements conducted through the FIMA Repo Facility and those conducted with primary dealers. Repurchase agreements conducted with primary dealers, formerly reported in the line item "Repurchase agreements" in prior releases, are now presented in the line item "Others." The FIMA Repo Facility is presented in the line item "Foreign official" under "Repurchase agreements." Aggregate repurchase agreements also are reported in tables 2, 4, 5, and 6.
The Federal Reserve announced on March 23, 2020 that SOMA will start buying agency commercial mortgage-backed securities and operations began on March 27, 2020. Two new lines were added to table 3, Supplemental Information on Mortgage-Backed Securities, to separately report commercial mortgage-backed securities and residential mortgage-backed securities. These securities are presented in tables 1 and 4 in the line item "Mortgage-backed securities" and in table 5 in the line item "Securities, unamortized premiums and discounts, repurchase agreements, and loans."
In response, we have:
- Added the series to our extract.
- Modified the catalog.
Properties:
- Measurement: Millions of U.S. dollars (Mil. USD)
- Adjustment: Not seasonally adjusted (NSA)
- Native frequency: Weekly(Wednesday)
- Start date:
- Effective: 8 Apr 2020 (18 Sep 2019 for BRBPPALGTROW.IUSA)
- Zeros from 18 Dec 2002
The series reside in the historical catalog:
- United States » Financial » H.4.1 - Factors Affecting Reserve Balances »
and are:
Table 1:
- BRBPPALGTRFW.IUSA = Assets - Other - Repurchase agreements - Foreign official, (Mil. USD, NSA)
- BRBPPALGTROW.IUSA = Repurchase agreements - Other
Table 3:
- BRBPPALGASMRW.IUSA = Assets - Securities held outright - Residential MBS
- BRBPPALGASMSW.IUSA = Commercial MBS
References
At the Federal Reserve Board:
At the Federal Reserve Bank of New York:
See also
Updates
- 9 Apr - Initial version of article
- 1 Jun - Added reference links
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