Federal Reserve Statistical Release, H.4.1, Factors Affecting Reserve Balances; title with eagle logo links to Statistical Release home page
Release Date:  May 15, 2003
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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 15, 2003
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
Averages of daily figures Wednesday
May 14, 2003
Week ended
May 14, 2003
Change from week ended
May 7, 2003 May 15, 2002
                                                              
Reserve Bank Credit                                         714,343     +   6,104     +  68,449       720,070 
 Securities held outright                                   647,817     +     398     +  63,835       647,947 
    U.S. Treasury (1)                                       647,807     +     398     +  63,835       647,937 
       Bills (2)                                            236,754     +     379     +  42,083       236,877 
       Notes and bonds, nominal (2)                         396,776             0     +  20,175       396,776 
       Notes and bonds, inflation-indexed (2)                12,814             0     +   1,212        12,814 
       Inflation compensation (3)                             1,463     +      20     +     365         1,470 
    Federal agency (2)                                           10             0             0            10 
 Repurchase agreements(4)                                    25,644     +   5,107     +   2,857        30,752 
 Loans to depository institutions                                51     +       1     -      50            60 
    Primary credit                                                2     -       2     +       2             4 
    Secondary credit                                              0             0             0             0 
    Seasonal credit                                              49     +       3     -      46            56 
    Adjustment credit                                             0             0     -       6             0 
 Float                                                         -25    -     121    +      74          284 
 Other Federal Reserve assets                                40,855     +     719     +   1,731        41,027 
Gold stock                                                   11,043             0     -       1        11,043 
Special drawing rights certificate account                    2,200             0             0         2,200 
Treasury currency outstanding (5)                            34,850     +      14     +   1,075        34,850 
                                                              
Total factors supplying reserve funds                       762,436     +   6,118     +  69,524       768,163 
                                                                          
Currency in circulation(5)                                  689,648     +     905     +  41,867       690,918 
Reverse repurchase agreements (6)                            20,641     -     684     +  20,641        21,073 
   Foreign official and international accounts               20,641     -     684     +  20,641        21,073 
   Dealers                                                        0             0             0             0 
Treasury cash holdings                                          343     +       2     -      65           349 
Deposits with F.R.Banks, other than reserve balances         18,775     +     183     +   3,285        18,876 
  U.S. Treasury, general account                              7,139     +      26     +   2,005         7,199 
  Foreign official                                               86     -      16     -      13           122 
  Service-related                                            11,291     +     182     +   1,249        11,291 
     Required clearing balances                              10,882             0     +   1,019        10,882 
     Adjustments to compensate for float                        409     +     182     +     230           409 
  Other                                                         259     -      10     +      45           264 
Other liabilities and capital                                20,438     +     107     +   1,339        20,053 
                                                              
Total factors, other than reserve balances,                                                       
   absorbing reserve funds                                  749,846     +     514     +  67,069       751,270 
                                                              
Reserve balances with Federal Reserve Banks                  12,590     +   5,604     +   2,455        16,893 
                                                                          
                                                              
Memo (off-balance-sheet items):                               
  Marketable securities held in custody for foreign           
         official and international accounts(2,7)           896,791     +   2,915      ------         901,212 
     U.S. Treasury                                          714,349     +   2,209      ------         718,995 
     Federal agency                                         182,442     +     706      ------         182,217 
  Securities lent to dealers                                    523     +      63     -     246           558 
Note: Components may not sum to totals because of rounding.
--- Not available.
 

1 Includes securities lent to dealers, which are fully collateralized by other U.S. Treasury securities.
2 Face value of the securities.
3 Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed securities.
4 Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.
5 Estimated.
6 Cash value of agreements, which are collateralized by U.S. Treasury securities.
7 Includes U.S. Treasury STRIPS and other zero coupon bonds at face value.
 

 

Sources: Federal Reserve Banks and the U.S. Department of the Treasury.
 

 

2. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of Dollars
Assets, liabilities, and capital Eliminations
from
consolidation
  Change Since
Wednesday
May 14, 2003
Wednesday
May 7, 2003
Wednesday
May 15, 2002
Assets                                               
Gold certificate account                                         11,039                 0         -       5 
Special drawing rights certificate account                        2,200                 0                 0 
Coin                                                                983         -      20         +      21 
Securities, repurchase agreements, and loans                    678,759         +   8,869         +  64,627 
   Securities held outright                                     647,947         +     367         +  62,170 
      U.S. Treasury (1)                                         647,937         +     367         +  62,170 
         Bills (2)                                              236,877         +     348         +  41,501 
         Notes and bonds, nominal (2)                           396,776                 0         +  19,093 
         Notes and bonds, inflation-indexed (2)                    12,814                 0         +   1,212 
         Inflation compensation (3)                               1,470         +      20         +     364 
      Federal agency (2)                                             10                 0                 0 
   Repurchase agreements (4)                                     30,752         +   8,501         +   2,501 
   Loans                                                             60         +       1         -      44 
Items in process of collection                    (1,042)         7,078         -   2,478         +     495 
Bank premises                                                     1,580         +       2         +      66 
Other assets (5)                                                 39,670         +     529         +   5,466 
      Total assets                                (1,042)       741,309         +   6,902         +  70,670 
                                                     
Liabilities                                          
Federal Reserve notes net of FR Bank holdings                  657,396         +     179         +  40,630 
Reverse repurchase agreements (6)                                21,073         +     406         +  21,073 
Deposits                                              (0)        35,188         +   7,316         +   7,642 
  Depository institutions                                        27,603         +   6,186         +   5,349 
  U.S. Treasury, general account                                  7,199         +   1,149         +   2,231 
  Foreign official                                                  122         -      23         +      14 
  Other                                               (0)           264         +       5         +      48 
Deferred availability cash items                  (1,042)         7,599         -     943         +     251 
Other liabilities and accrued dividends (7)                       2,333         +      39         -     114 
      Total liabilities                           (1,042)       723,589         +   6,997         +  69,481 
                                                     
Capital Accounts                                     
Capital paid in                                                   8,568         +       4         +     488 
Surplus                                                           8,380                 0         +   1,070 
Other capital accounts                                              772         -      99         -     368 
      Total capital                                              17,720         -      96         +   1,189 
Note: Components may not sum to totals because of rounding.
 

1 Includes securities lent to dealers, which are fully collateralized by other U.S. Treasury securities.
2 Face value of the securities.
3 Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed securities.
4 Cash value of agreements, which are collatealized by U.S. Treasury and federal agency securites.
5 Includes assets denominated in foreign currencies, which are revalued daily at market exchange rates.
6 Cash value of agreements, which are collateralized by U.S. Treasury securities.
7 Includes exchange-translation account reflecting the daily revaluation at market exchange rates of
foreign exchange commitments.
 

 

 

3. Maturity Distribution of Loans and Securities, May 14, 2003
Millions of dollars
Maturity Loans U.S. Treasury
securities (1)
Federal agency
securities
Repurchase
agreements(2)
Reverse
repurchase
agreements(2)
Holding Weekly
changes
Holdings Week
change
Within 15 days              15        46,792    -      58             0            0        25,752        21,073
16 days to 90 days          45       132,509    +     922             0            0         5,000             0
91 days to 1 year            0       156,610    -     515            10            0      ------       ------   
Over 1 to 5 years     ------         180,509    +       5             0            0      ------       ------   
Over 5 to 10 years    ------          51,550    +       6             0            0      ------       ------   
Over 10 years         ------          79,968    +       8             0            0      ------       ------   
           
All                         60       647,937    +     367            10            0        30,752       21,073 
 
Note: Components may not sum to totals because of rounding.
--- Not applicable.
 

1 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.
2 Cash value of agreements classified by remaining maturity of the agreements.
 

 

 

4. Statement of Condition of Each Federal Reserve Bank on May 14, 2003
Millions of dollars
Assets, liabilities, and capital Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas
City
Dallas San
Francisco
Assets                                                             
Gold certificate account                      11,039         495       4,706         380         477         808         863         982         331         224         303         507         963 
Special drawing rights certificate acct.       2,200         115         874          83         104         147         166         212          71          30          66          98         234 
Coin                                             983          48          34          71          39         129          98         123          55          39          67         158         121 
Securities, repurchase agreements,                                 
      and loans                              678,759      31,329     307,965      20,258      30,361      49,829      43,775      65,487      20,397      14,484      17,418      25,393      52,064 
   Securities held outright                  647,947      31,325     277,213      20,257      30,361      49,829      43,773      65,475      20,385      14,463      17,413      25,393      52,059 
      U.S. Treasury (1)                      647,937      31,325     277,208      20,257      30,361      49,828      43,772      65,474      20,385      14,463      17,413      25,392      52,058 
         Bills (2)                           236,877      11,452     101,344       7,406      11,099      18,217      16,002      23,936       7,452       5,287       6,366       9,283      19,032 
         Notes and bonds(3)                  411,060      19,873     175,865      12,851      19,261      31,612      27,770      41,538      12,932       9,175      11,047      16,109      33,026 
         Federal agency (2)                       10           0           4           0           0           1           1           1           0           0           0           0           1 
      Repurchase agreements(4)                30,752           0      30,752           0           0           0           0           0           0           0           0           0           0 
      Loans                                       60           3           0           1           0           0           2          11          12          21           5           0           5 
Items in process of collection                 8,120         462         591         384         210         676         804         676         436         409         692         350       2,430 
Bank premises                                  1,580          91         186          51         151         143         279         117          43         126          51         164         176 
Other assets(5)                               39,670       1,841      14,421       1,110       2,441       6,097       2,335       3,711       1,037       1,171         960       1,156       3,390 
Interdistrict settlement account                   0     - 3,148     +15,899     - 3,085     - 2,327     - 1,528     - 3,414     - 7,994     - 1,205     -   175     +    25     + 2,911     + 4,041 
          Total Assets                       742,351      31,233     344,675      19,252      31,457      56,301      44,904      63,315      21,166      16,309      19,583      30,736      63,419 
 
Note: Components may not sum to totals because of rounding.
 

1 Includes securities lent to dealers, which are fully collateralized by other U.S. Treasury securities.
2 Face value of the securities.
3 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.
4 Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.
5 Includes assets denominated in foreign currencies, which are revalued daily at market exchange rates.
 

 

 

 

4. Statement of Condition of Each Federal Reserve Bank on May 14, 2003
Millions of dollars
Assets, liabilities, and capital Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas
City
Dallas San
Francisco
Liabilities                                                         
Federal Reserve notes outstanding             760,942      31,889     335,692      24,144      31,240      53,972      59,564      62,955      22,215      15,215      21,218      35,033      67,805 
  Less: notes held by F.R. Banks              103,546       4,428      24,780       7,419       4,073       7,773      20,020       6,654       3,388       1,353       4,062       6,821      12,777 
    Federal Reserve notes, net                657,396      27,461     310,912      16,725      27,167      46,199      39,544      56,301      18,828      13,862      17,156      28,212      55,028 
Reverse repurchase agreements (1)              21,073       1,019       9,016         659         987       1,621       1,424       2,129         663         470         566         826       1,693 
Deposits                                       35,188       1,110      19,113         763       1,290       3,370       1,746       2,221         799         785         900         778       2,313 
  Depository institutions                      27,603       1,098      11,658         762       1,286       3,271       1,744       2,221         798         783         894         777       2,310 
  U.S. Treasury, general account                7,199           0       7,199           0           0           0           0           0           0           0           0           0           0 
  Foreign official                                122           2          99           1           3           7           2           3           1           1           1           1           3 
  Other                                           264          10         158           0           1          91           0          -3           1           0           5           1           0 
Deferred availability cash items                8,641         590         934         489         452         630       1,017         625         294         395         446         413       2,356 
Other liabilities and accrued                                                 
  dividends (2)                                 2,333         134         721          97         128         263         187         230         100          92          88         109         185 
                                                                    
    Total liabilities                         724,631      30,314     340,697      18,732      30,024      52,082      43,918      61,507      20,684      15,604      19,156      30,338      61,575 
                                                                    
Capital                                                             
Capital paid in                                 8,568         446       1,878         251         696       2,075         475         875         233         346         204         190         899 
Surplus                                         8,380         436       1,809         233         702       2,073         475         858         199         340         201         186         868 
Other capital                                     772          38         292          35          33          71          36          75          50          20          21          22          77 
     Total liabilities and capital            742,351      31,233     344,675      19,252      31,457      56,301      44,904      63,315      21,166      16,309      19,583      30,736      63,419 
Note: Components may not sum to totals because of rounding.
 

1 Cash value of agreements, which are collateralized by U.S. Treasury securities.
2 Includes exchange-translation account reflecting the daily revaluation at market exchange rates of foreign exchange commitments.
 

 

5. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts
Millions of dollars
Federal Reserve notes and collateral Wednesday
May 14, 2003
Federal Reserve notes outstanding          760,942  
   Less: Notes held by F.R. Banks         
         not subject to collateralization    99,587  
      Federal Reserve Notes to be         
         collateralized                    661,356  
Collateral held against Federal Reserve             
   notes                                   661,356  
   Gold certificate account                 11,039  
   Special drawing rights                 
     certificate account                     2,200  
   U.S. Treasury and agency securities    
     pledged (1)                           648,117  
   Other eligible assets                         0  
                                          
Memo:                                     
Total U.S. Treasury and agency            
       securities (1)                      678,699  
   Less:face value of securities under    
         reverse repurchase agreements      21,079  
      U.S. Treasury and agency securities  
             eligible to be pledged        657,620  
Note: Components may not sum to totals because of rounding.
 

1 Includes face value of U.S. Treasury and agency 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.

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