Federal Reserve Statistical Release, H.4.1, Factors Affecting Reserve Balances; title with eagle logo links to Statistical Release home page
Release Date:  August 07, 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
August 7, 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
Aug 6, 2003
Week ended
Aug 6, 2003
Change from week ended
Jul 30, 2003 Aug 7, 2002
                                                              
Reserve Bank Credit                                         716,002     +   2,594     +  58,434       711,935 
 Securities held outright                                   652,996     +     153     +  52,878       653,034 
    U.S. Treasury (1)                                       652,986     +     153     +  52,878       653,024 
       Bills (2)                                            239,855     +     154     +  37,497       239,892 
       Notes and bonds, nominal (2)                         398,853             0     +  14,497       398,853 
       Notes and bonds, inflation-indexed (2)                12,814             0     +     572        12,814 
       Inflation compensation (3)                             1,464     -       1     +     313         1,465 
    Federal agency (2)                                           10             0             0            10 
 Repurchase agreements(4)                                    22,500     +   1,643     +   5,107        18,250 
 Loans to depository institutions                               154     +      28     -      30           143 
    Primary credit                                               21     +      20     +      21             3 
    Secondary credit                                              0             0             0             0 
    Seasonal credit                                             133     +       8     -      46           140 
    Adjustment credit                                             0             0     -       6             0 
 Float                                                         496    +     946    +     698          455 
 Other Federal Reserve assets                                39,856     -     176     -     218        40,052 
Gold stock                                                   11,043     -       1     +       1        11,043 
Special drawing rights certificate account                    2,200             0             0         2,200 
Treasury currency outstanding (5)                            35,102     +      14     +   1,056        35,102 
                                                              
Total factors supplying reserve funds                       764,347     +   2,608     +  59,491       760,280 
                                                                          
Currency in circulation(5)                                  694,262     +   1,737     +  33,342       696,091 
Reverse repurchase agreements (6)                            18,946     -     970     +  18,946        19,062 
   Foreign official and international accounts               18,946     -     970     +  18,946        19,062 
   Dealers                                                        0             0             0             0 
Treasury cash holdings                                          365     +      22     -      12           371 
Deposits with F.R.Banks, other than reserve balances         17,398     -     608     +   1,839        18,135 
  U.S. Treasury, general account                              5,639     -     566     +     614         6,400 
  Foreign official                                              177     -      82     +      78           141 
  Service-related                                            11,287     -       4     +   1,080        11,287 
     Required clearing balances                              10,898             0     +     939        10,898 
     Adjustments to compensate for float                        390     -       4     +     142           390 
  Other                                                         294     +      43     +      65           307 
Other liabilities and capital                                19,850     -     378     +     643        19,872 
                                                              
Total factors, other than reserve balances,                                                       
   absorbing reserve funds                                  750,821     -     197     +  54,757       753,531 
                                                              
Reserve balances with Federal Reserve Banks                  13,526     +   2,804     +   4,733         6,749 
                                                                          
                                                              
Memo (off-balance-sheet items):                               
  Marketable securities held in custody for foreign           
         official and international accounts(2,7)           936,578     +   4,824      ------         935,715 
     U.S. Treasury                                          752,600     +   4,490      ------         753,009 
     Federal agency                                         183,978     +     334      ------         182,707 
  Securities lent to dealers                                  2,765     +     709     +   1,488         4,784 
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
Aug 6, 2003
Wednesday
Jul 30, 2003
Wednesday
Aug 7, 2002
Assets                                               
Gold certificate account                                         11,039                 0         +       1 
Special drawing rights certificate account                        2,200                 0                 0 
Coin                                                                870         +       1         -     102 
Securities, repurchase agreements, and loans                    671,427         -   7,830         +  43,915 
   Securities held outright                                     653,034         +     168         +  51,702 
      U.S. Treasury (1)                                         653,024         +     168         +  51,702 
         Bills (2)                                              239,892         +     166         +  36,978 
         Notes and bonds, nominal (2)                           398,853                 0         +  13,840 
         Notes and bonds, inflation-indexed (2)                    12,814                 0         +     572 
         Inflation compensation (3)                               1,465         +       2         +     313 
      Federal agency (2)                                             10                 0                 0 
   Repurchase agreements (4)                                     18,250         -   8,000         -   7,750 
   Loans                                                            143         +       2         -      37 
Items in process of collection                    (1,129)         9,337         +   1,494         +   1,776 
Bank premises                                                     1,586                 0         +      67 
Other assets (5)                                                 38,431         +      54         -     140 
      Total assets                                (1,129)       734,891         -   6,281         +  45,517 
                                                     
Liabilities                                          
Federal Reserve notes net of FR Bank holdings                  662,226         +   1,540         +  32,595 
Reverse repurchase agreements (6)                                19,062         -     254         +  19,062 
Deposits                                              (0)        25,188         -   7,963         -   7,508 
  Depository institutions                                        18,340         -   7,539         -   8,763 
  U.S. Treasury, general account                                  6,400         +     226         +   1,084 
  Foreign official                                                  141         -     711         +      67 
  Other                                               (0)           307         +      61         +     104 
Deferred availability cash items                  (1,129)         8,543         +     268         +     654 
Other liabilities and accrued dividends (7)                       2,125         -      26         -     252 
      Total liabilities                           (1,129)       717,144         -   6,434         +  44,551 
                                                     
Capital Accounts                                     
Capital paid in                                                   8,721         +       2         +     437 
Surplus                                                           8,380         +      17         +   1,068 
Other capital accounts                                              646         +     133         -     540 
      Total capital                                              17,747         +     153         +     966 
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, August 6, 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              37        51,281    +   5,233             0            0        15,250        19,062
16 days to 90 days         106       137,369    -   3,811             0            0         3,000             0
91 days to 1 year            0       161,900    +   2,240            10            0      ------       ------   
Over 1 to 5 years     ------         177,684    -   1,665             0            0      ------       ------   
Over 5 to 10 years    ------          44,824    -   1,830             0            0      ------       ------   
Over 10 years         ------          79,966    +       1             0            0      ------       ------   
           
All                        143       653,024    +     168            10            0        18,250       19,062 
 
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 August 6, 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                                             870          35          30          45          39         109         115         108          56          32          57         151          95 
Securities, repurchase agreements,                                 
      and loans                              671,427      31,571     297,639      20,417      30,600      50,220      44,129      66,019      20,569      14,629      17,564      25,595      52,475 
   Securities held outright                  653,034      31,571     279,389      20,417      30,600      50,220      44,116      65,989      20,545      14,577      17,550      25,592      52,468 
      U.S. Treasury (1)                      653,024      31,571     279,385      20,416      30,599      50,220      44,116      65,988      20,545      14,576      17,550      25,592      52,467 
         Bills (2)                           239,892      11,598     102,633       7,500      11,241      18,448      16,206      24,241       7,547       5,355       6,447       9,401      19,274 
         Notes and bonds(3)                  413,132      19,973     176,751      12,916      19,358      31,771      27,910      41,747      12,998       9,222      11,103      16,191      33,193 
         Federal agency (2)                       10           0           4           0           0           1           1           1           0           0           0           0           1 
      Repurchase agreements(4)                18,250           0      18,250           0           0           0           0           0           0           0           0           0           0 
      Loans                                      143           0           0           1           0           0          13          29          24          52          14           3           8 
Items in process of collection                10,466         850         688         592         465         730         946         977         568         355         677         701       2,918 
Bank premises                                  1,586          91         186          52         152         143         278         119          43         126          54         167         176 
Other assets(5)                               38,431       1,775      13,966       1,134       2,364       5,942       2,242       3,573         997       1,134         922       1,113       3,270 
Interdistrict settlement account                   0     - 4,615     +15,933     - 2,571     - 3,734     - 1,113     -    72     - 7,118     - 1,313     -   574     -   750     + 2,628     + 3,300 
          Total Assets                       736,020      30,317     334,022      20,132      30,466      56,985      48,667      64,871      21,322      15,956      18,893      30,959      63,430 
 
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 August 6, 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             775,502      31,508     333,179      25,551      31,271      58,388      63,569      66,839      23,406      15,330      21,370      35,377      69,714 
  Less: notes held by F.R. Banks              113,276       5,031      22,962       7,985       5,034      10,013      20,316       9,213       4,338       1,588       4,656       7,182      14,958 
    Federal Reserve notes, net                662,226      26,476     310,217      17,567      26,237      48,375      43,254      57,627      19,068      13,742      16,714      28,195      54,756 
Reverse repurchase agreements (1)              19,062         922       8,155         596         893       1,466       1,288       1,926         600         425         512         747       1,532 
Deposits                                       25,188       1,204       9,939         767       1,205       2,072       2,004       2,483         739         595         666         995       2,517 
  Depository institutions                      18,340       1,197       3,261         766       1,202       1,929       2,002       2,479         737         594         664         994       2,513 
  U.S. Treasury, general account                6,400           0       6,400           0           0           0           0           0           0           0           0           0           0 
  Foreign official                                141           2         117           1           3           7           2           3           1           1           1           1           3 
  Other                                           307           6         161           0           0         136           0           1           1           0           1           1           0 
Deferred availability cash items                9,672         686         977         600         594         677         972         765         352         407         516         540       2,587 
Other liabilities and accrued                                                 
  dividends (2)                                 2,125         121         661          89         115         219         178         212          94          85          86         106         158 
                                                                    
    Total liabilities                         718,273      29,409     329,948      19,619      29,043      52,809      47,696      63,013      20,853      15,255      18,495      30,583      61,549 
                                                                    
Capital                                                             
Capital paid in                                 8,721         446       1,952         253         707       2,092         477         915         228         348         192         183         931 
Surplus                                         8,380         436       1,809         233         702       2,073         475         858         199         340         201         186         868 
Other capital                                     646          26         314          27          13          11          19          85          42          14           6           7          82 
     Total liabilities and capital            736,020      30,317     334,022      20,132      30,466      56,985      48,667      64,871      21,322      15,956      18,893      30,959      63,430 
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
Aug 6, 2003
Federal Reserve notes outstanding          775,502  
   Less: Notes held by F.R. Banks         
         not subject to collateralization   108,511  
      Federal Reserve Notes to be         
         collateralized                    666,991  
Collateral held against Federal Reserve             
   notes                                   666,991  
   Gold certificate account                 11,039  
   Special drawing rights                 
     certificate account                     2,200  
   U.S. Treasury and agency securities    
     pledged (1)                           652,217  
   Other eligible assets                     1,534  
                                          
Memo:                                     
Total U.S. Treasury and agency            
       securities (1)                      671,284  
   Less:face value of securities under    
         reverse repurchase agreements      19,067  
      U.S. Treasury and agency securities  
             eligible to be pledged        652,217  
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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