Federal Reserve Statistical Release, H.4.1, Factors Affecting Reserve Balances; title with eagle logo links to Statistical Release home page

Release Date:  March 12, 1998

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the information is available, on (202) 452-3206.
 

H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of F.R. Banks
March 12, 1998
Millions of dollars
  Averages of daily figures
    Change from week ended  
Reserve balances of depository institutions at
F.R. Banks, Reserve Bank credit, and related items
Week ended
Mar 11, 1998
Mar 4, 1998 Mar 12, 1997 Wednesday
Mar 11, 1998
Reserve Bank Credit  (1,2)                                  467,527     +   1,161     +  30,213       475,036 
  U.S. government securities                                         
    Bought outright-system account (3)                      430,335     +   1,413     +  35,009       432,521 
    Held under repurchase agreements                          2,850     -   1,150     -   5,495         6,940 
  Federal agency obligations                                         
    Bought outright                                             667     -       7     -   1,344           625 
    Held under repurchase agreements                          2,415     +     407     +   1,121         3,419 
  Acceptances                                                     0             0             0             0 
  Loans to depository institutions                                   
    Adjustment credit                                             3     +       1     +       1             2 
    Seasonal credit                                              19     +       5     -       7            16 
    Extended credit                                               0             0             0             0 
   Float                                                        596     +     480     +     152           424 
   Other F.R. assets                                         30,642     +      13     +     776        31,089 
Gold stock                                                   11,049             0     -       1        11,050 
Special drawing rights certificate account                   9,200            0            0        9,200 
Treasury currency outstanding                                25,746     +      14     +     620        25,746 
        Total factors supplying reserve funds               513,522     +   1,175     +  30,831       521,031 
                                                     
Currency in circulation*                                    473,893     +   1,032     +  30,381       475,059 
Treasury cash holdings*                                         245     +       4     -      38           255 
Deposits,other than reserve balances,with F.R.Banks                                
  Treasury                                                    4,867     -     580     -     301         4,556 
  Foreign                                                       159     -      57     -      16           159 
  Service-related balances and adjustments (4)                7,129     +     100     -     195         7,129 
  Other                                                         376     +       7     -      32           379 
Other F.R. liabilities and capital                           16,409     +     212     +   2,013        16,031 
        Total factors, other than reserve balances,    
        absorbing reserve funds                       
     503,079     +     718     +  31,812       503,567 
                                                              
Reserve balances with F.R. Banks  (5)                        10,442     +     457     -     980        17,464 
                                                                                  
On March 11, 1998, the face amount of marketable U.S. government securities held in custody by the
Federal Reserve Banks for foreign official and international accounts was 610,249 million, a change of
+$ 1,072 million for the week. The total includes the face value of U.S. Treasury strips and other zero
coupon bonds.
1 Net of $ 16,833 million daily average, matched sale-purchase transactions outstanding during the
latest statement week, of which a net of $ 16,833 million was with foreign official and international
accounts. Includes securities loaned--fully secured by U.S. government securities.
2 Net of $ 16,524 million matched sale-purchase transactions outstanding at the end of the latest
statement week, of which a net of $ 16,524 million was with foreign official and international
accounts. Includes $ 100 million securities loaned--fully secured U.S. government securities.
3 Includes $ 2050 million of inflation-indexed securities valued at the original face amount and
$ 21 million of compensation that adjusts for the effects of inflation on the principal of such
securities.
4 Consists of required clearing balances of $ 6,704 million and adjustments of $ 425 million to
compensate for float.
5 Excludes required clearing balances and adjustments to compensate for float.
 

* Estimated (Treasury's figures).
Components may not add to totals due to rounding.
 

 

Worksheet for H.4.1 (a)
 

CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS
Millions of Dollars
 
     Change Since
ASSETS * Wednesday
Mar 11, 1998
Wednesday
Mar 4, 1998
Wednesday
Mar 12, 1997
Gold certificate account                                         11,050                 0         -       1 
Special drawing rights certificate account                        9,200                 0                 0 
Coin                                                                551         -      15         -     150 
                                                
Loans                                                                18                 0         -      17 
Acceptances                                                           0                 0                 0 
Federal agency obligations                            
  Bought outright                                                   625         -      50         -   1,387 
  Held under repurchase agreements (1)                            3,419         +   2,004         +   1,240 
U.S. government securities                          
  Bought outright--Bills                                        195,626         -     334         +   4,053 
                   Notes (2)                                    176,164         +   3,764         +  23,061 
                   Bonds                                         60,732                 0         +   9,333 
    Total bought outright (3)                                   432,521         +   3,430         +  36,446 
  Held under repurchase agreements (1)                            6,940         +   3,842         -   5,869 
     Total U.S. government securities                           439,461         +   7,272         +  30,577 
       Total loans and securities                               443,523         +   9,226         +  30,413 
     
Items in process of collection                      (417)         7,155         -     974         +     580 
Bank premises                                                     1,279         +       2         +      31 
Other assets (4)                                                 29,753         +     684         +     487 
                TOTAL ASSETS                        (417)       502,510         +   8,924         +  31,359 
     
                LIABILITIES                           
Federal Reserve notes                                           450,119         +     686         +  29,741 
Deposits                                           
  Depository institutions                                        24,828         +   9,482         +     519 
  U.S. Treasury--general account                                  4,556         -     223         -     729 
  Foreign--official accounts                                        159         -      83         -      63 
    Other                                                           379         -       1         -      30 
      Total deposits                                             29,922         +   9,175         -     303 
Deferred availability cash items                    (417)         6,439         -   1,060         +     406 
Other liabilities and accrued dividends (5)                       4,840         +     282         +      48 
                TOTAL LIABILITIES                   (417)       491,320         +   9,083         +  29,892 
                                                
                CAPITAL ACCOUNTS                     
Capital paid in                                                   5,428         -      52         +     673 
Surplus                                                           5,220                 0         +     744 
Other capital accounts                                              542         -     108         +      50 
 
*Figures in parentheses are the eliminations made in the consolidation process.
1 Does not include U.S. government and federal agency securities resold under matched sale-purchase
transactions to foreign official and international accounts of which $ 0 million was outstanding
at the end of the latest statement week.
2 Includes $ 2050 million of inflation-indexed securities valued at the original face amount and
$ 21 million of compensation that adjusts for the effects of inflation on the principal of such
securities.
3 Net of $ 16,524 million matched sale-purchase transactions outstanding at the end of the latest
statement week. Includes $ 100 million securities loaned--fully secured by U.S. government
securities.
4 Includes assets denominated in foreign currencies, revalued monthly at market exchange rates. Includes
special investment account at Chicago of $ 184 million in Treasury bills maturing within 90 days.
5 Includes exchange-translation account reflecting the monthly revaluation at market exchange rates of
foreign exchange commitments.
Components may not add to totals due to rounding.
 

 

MATURITY DISTRIBUTION OF LOANS AND SECURITIES, March 11, 1998
Acceptances and securities held under repurchase agreements are classified as maturing within 15 days in
accordance with maximum majority of the agreements.
 

Millions of dollars
  U.S. government
securities (1)
Federal agency
obligations
  Loans Acceptances   Holdings Weekly
changes
Holdings Weekly
changes
Within 15 days    2  Within 15 days       14,600  -   2,794   3,419  +   1,954 
16 to 90 days    16  16 to 90 days        98,503  +     717      74  +      30 
Over 90 days      0  91 days to 1 year   139,638  +   7,086     175  +      25 
                        Over 1 to 5 years    97,245  +   2,262     126  -      25 
                        Over 5 to 10 years   39,841          0     225  -      30 
                        Over 10 years        49,633          0      25          0 
    Total        18      Total           439,461  +   7,272   4,044  +   1,954 
 
1 Includes $ 2050 million of inflation-indexed securities valued at the original face amount and
$ 21 million of compensation that adjusts for the effects of inflation on the principal of such
securities.
Components may not add to totals due to rounding.
 

 

H.4.1 (b)
 

STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON March 11, 1998
Millions of dollars
ASSETS Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas
City
Dallas San
Francisco
Gold certificate account                      11,050         624       3,937         350         669         965         723       1,069         401         147         286         459       1,420 
Special drawing rights certif. acct.           9,200         530       3,202         282         574         792         602         900         340         123         247         367       1,241 
Coin                                             551          33          26          65          36          70          48          73          17          24          32          44          82 
                                                               
Loans                                             18           0           0           0           0           0           5           6           0           5           1           0           1 
Acceptances                                        0           0           0           0           0           0           0           0           0           0           0           0           0 
Federal agency obligations                                   
  Bought outright                                625          38         202          21          43          59          42          67          25           9          18          23          79 
  Held under repurchase agreements(1)          3,419           0       3,419           0           0           0           0           0           0           0           0           0           0 
U.S. government securities                                         
  Bought outright--Bills                     195,626      11,926      63,275       6,540      13,532      18,613      13,054      20,866       7,792       2,724       5,586       7,104      24,613 
                   Notes (2)                 176,164      10,739      56,980       5,889      12,185      16,761      11,756      18,790       7,016       2,453       5,030       6,398      22,164 
                   Bonds                      60,732       3,702      19,644       2,030       4,201       5,778       4,053       6,478       2,419         846       1,734       2,206       7,641 
     Total bought outright(3)                432,521      26,368     139,899      14,460      29,918      41,153      28,862      46,135      17,227       6,024      12,350      15,708      54,418 
  Held under repurchase agreements(1)          6,940           0       6,940           0           0           0           0           0           0           0           0           0           0 
     Total U.S. govt. securities             439,461      26,368     146,839      14,460      29,918      41,153      28,862      46,135      17,227       6,024      12,350      15,708      54,418 
       Total loans and securities            443,523      26,406     150,460      14,480      29,961      41,212      28,909      46,207      17,252       6,038      12,370      15,730      54,497 
                                                               
Items in process of collection                 7,572         424         781         256         287         453       1,159         690         319         487         369         357       1,990 
Bank premises                                  1,279          94         156          50         139         126          79         107          31         132          55         150         159 
Other assets(4)                               29,753       1,482       8,471       1,270       1,835       3,791       1,862       2,956         826         804         717       1,301       4,438 
Interdistrict settlement account                   0      -4,165     +25,616      -2,357      -1,369      -9,836        -876      -5,702      -2,085        -690      +1,429      +7,471      -7,437 
          TOTAL ASSETS                       502,927      25,428     192,650      14,397      32,133      37,573      32,508      46,300      17,101       7,064      15,503      25,878      56,390 
 

1 Does not include U.S. government and federal agency securities resold under matched sale-purchase
transactions to foreign official and international accounts, of which $ 0 was outstanding at the
end of the latest statement week.
2 Includes $ 2050 million of inflation-indexed securities valued at the original face amount and
$ 21 million of compensation that adjusts for the effects of inflation on the principal of such
securities.
3 Net of $ 16,524 million matched sale-purchase transactions outstanding at the end of the latest
statement week. Includes $ 100 million securities loaned--fully secured by U.S. government
securities.
4 Includes assets denominated in foreign currencies, revalued monthly at market exchange rates. Includes
special investment account at Chicago of $ 184 million in Treasury bills maturing within 90 days.
Components may not add to totals due to rounding.
 

 

H.4.1 (c)
 

STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON March 11, 1998
Millions of dollars
LIABILITIES Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas
City
Dallas San
Francisco
Federal Reserve notes                        450,119      22,450     176,425      12,498      29,248      32,508      28,612      41,306      15,697       5,113      13,651      23,068      49,543  
Deposits                                                          
  Depository institutions                     24,828       1,785       6,914         850       1,514       2,285       1,976       2,627         718         960         955       1,748       2,498  
  U.S. Treasury--general account               4,556           0       4,556           0           0           0           0           0           0           0           0           0           0  
  Foreign--official accounts                     159           7          44           8           9          22           9          14           3           5           3           7          26  
  Other                                          379           1         103           1           3          67           1         191           0           0          10           1           1  
    Total deposits                            29,922       1,793      11,617         858       1,527       2,374       1,986       2,831         722         966         968       1,756       2,525  
Deferred credit items                          6,856        400         775        215         299        533         828        577         234        504         435        304       1,752  
Other liabilities and accrued             
  dividends (1)                           
    4,840         293       1,490         189         322         448         343         508         203         100         172         195         577  
    TOTAL LIABILITIES                        491,737      24,935     190,306      13,759      31,396      35,862  ;    31,769      45,223      16,857       6,684      15,226      25,323      54,396  
 
       CAPITAL ACCOUNTS                                            
Capital paid in                                5,428         211       1,114         317         358         840         363         525         115         190         136         275         985  
Surplus                                        5,220         254       1,055         273         335         818         338         502         122         189         119         271         945  
Other capital accounts                           542          29         175          48          44          53          37          50           8           2          23           9          64  
     TOTAL LIABILITIES AND CAPITAL        
        ACCOUNTS                          
  502,927      25,428     192,650      14,397      32,133      37,573      32,508      46,300      17,101       7,064      15,503      25,878      56,390  
              
FEDERAL RESERVE AGENTS' ACCOUNTS                                              
F.R. notes outstanding                       550,756      27,264     210,552      15,957      32,366      38,995      36,937      49,802      17,915       6,564      15,806      28,554      70,042  
  Less--Held by F.R. Banks                   100,637       4,814      34,127       3,459       3,118       6,488       8,326       8,496       2,218       1,450       2,155       5,486      20,500  
  F.R. notes, net                            450,119      22,450     176,425      12,498      29,248      32,508      28,612      41,306      15,697       5,113      13,651      23,068      49,543  
Collateral held against F.R. notes                          
   Gold certificate account                   11,050                    
   Special drawing rights                 
     certificate account                  
 
    9,200  
                
   Other eligible assets                           0                  
   U.S. govt. and agency securities          429,869                  
     Total collateral                        450,119                  
 
1 Includes exchange translation account reflecting the monthly revaluation at market exchange rates of
foreign exchange commitments.
Components may not add to totals due to rounding.


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