Federal Reserve Statistical Release, H.4.1, Factors Affecting Reserve Balances; title with eagle logo links to Statistical Release home page
Release Date:  August 14, 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 14, 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 13, 2003
Week ended
Aug 13, 2003
Change from week ended
Aug 6, 2003 Aug 14, 2002
                                                              
Reserve Bank Credit                                         711,825     -   4,153     +  58,365       715,474 
 Securities held outright                                   653,072     +      76     +  52,845       653,288 
    U.S. Treasury (1)                                       653,062     +      76     +  52,845       653,278 
       Bills (2)                                            239,927     +      72     +  38,118       240,142 
       Notes and bonds, nominal (2)                         398,853             0     +  13,840       398,853 
       Notes and bonds, inflation-indexed (2)                12,814             0     +     572        12,814 
       Inflation compensation (3)                             1,467     +       3     +     314         1,469 
    Federal agency (2)                                           10             0             0            10 
 Repurchase agreements(4)                                    17,679     -   4,821     +   4,358        19,000 
 Loans to depository institutions                               145     -       9     -      51           164 
    Primary credit                                                7     -      14     +       7            16 
    Secondary credit                                              0             0             0             0 
    Seasonal credit                                             138     +       5     -      43           148 
    Adjustment credit                                             0             0     -      15             0 
 Float                                                         596    +     124    +   1,310        2,584 
 Other Federal Reserve assets                                40,334     +     478     -      95        40,438 
Gold stock                                                   11,043             0     +       1        11,043 
Special drawing rights certificate account                    2,200             0             0         2,200 
Treasury currency outstanding (5)                            35,116     +      14     +   1,020        35,116 
                                                              
Total factors supplying reserve funds                       760,184     -   4,139     +  59,386       763,833 
                                                                          
Currency in circulation(5)                                  694,937     +     675     +  34,044       695,887 
Reverse repurchase agreements (6)                            19,563     +     617     +  19,563        19,138 
   Foreign official and international accounts               19,563     +     617     +  19,563        19,138 
   Dealers                                                        0             0             0             0 
Treasury cash holdings                                          369     +       4     -      12           358 
Deposits with F.R.Banks, other than reserve balances         17,205     -     193     +   1,877        17,683 
  U.S. Treasury, general account                              5,611     -      28     +     715         5,720 
  Foreign official                                              149     -      28     +      73           525 
  Service-related                                            11,158     -     129     +   1,003        11,158 
     Required clearing balances                              10,913     +      15     +     994        10,913 
     Adjustments to compensate for float                        245     -     145     +       9           245 
  Other                                                         287     -       7     +      86           281 
Other liabilities and capital                                20,190     +     340     +     718        20,043 
                                                              
Total factors, other than reserve balances,                                                       
   absorbing reserve funds                                  752,264     +   1,443     +  56,191       753,110 
                                                              
Reserve balances with Federal Reserve Banks                   7,920     -   5,582     +   3,195        10,723 
                                                                          
                                                              
Memo (off-balance-sheet items):                               
  Marketable securities held in custody for foreign           
         official and international accounts(2,7)           939,784     +   3,206      ------         937,857 
     U.S. Treasury                                          753,537     +     937      ------         751,156 
     Federal agency                                         186,246     +   2,268      ------         186,701 
  Securities lent to dealers                                  2,131     -     634     +     444         2,689 
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 13, 2003
Wednesday
Aug 6, 2003
Wednesday
Aug 14, 2002
Assets                                               
Gold certificate account                                         11,039                 0         +       1 
Special drawing rights certificate account                        2,200                 0                 0 
Coin                                                                888         +      18         -     112 
Securities, repurchase agreements, and loans                    672,451         +   1,024         +  55,785 
   Securities held outright                                     653,288         +     254         +  52,906 
      U.S. Treasury (1)                                         653,278         +     254         +  52,906 
         Bills (2)                                              240,142         +     250         +  38,180 
         Notes and bonds, nominal (2)                           398,853                 0         +  13,840 
         Notes and bonds, inflation-indexed (2)                    12,814                 0         +     572 
         Inflation compensation (3)                               1,469         +       4         +     315 
      Federal agency (2)                                             10                 0                 0 
   Repurchase agreements (4)                                     19,000         +     750         +   3,000 
   Loans                                                            164         +      21         -     121 
Items in process of collection                    (1,226)         9,284         -      53         +   2,665 
Bank premises                                                     1,587         +       1         +      66 
Other assets (5)                                                 38,805         +     374         -     533 
      Total assets                                (1,226)       736,255         +   1,364         +  57,873 
                                                     
Liabilities                                          
Federal Reserve notes net of FR Bank holdings                  662,014         -     212         +  32,912 
Reverse repurchase agreements (6)                                19,138         +      76         +  19,138 
Deposits                                              (0)        27,215         +   2,027         +   4,795 
  Depository institutions                                        20,690         +   2,350         +   3,732 
  U.S. Treasury, general account                                  5,720         -     680         +     529 
  Foreign official                                                  525         +     384         +     446 
  Other                                               (0)           281         -      26         +      89 
Deferred availability cash items                  (1,226)         7,844         -     699         +     695 
Other liabilities and accrued dividends (7)                       2,159         +      34         -     241 
      Total liabilities                           (1,226)       718,370         +   1,226         +  57,298 
                                                     
Capital Accounts                                     
Capital paid in                                                   8,724         +       3         +     437 
Surplus                                                           8,380                 0         +   1,068 
Other capital accounts                                              780         +     134         -     933 
      Total capital                                              17,884         +     137         +     573 
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 13, 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              40        52,151    +     870             0            0        14,000        19,138
16 days to 90 days         123       136,584    -     785             0            0         5,000             0
91 days to 1 year            0       162,065    +     165            10            0      ------       ------   
Over 1 to 5 years     ------         177,685    +       1             0            0      ------       ------   
Over 5 to 10 years    ------          44,825    +       1             0            0      ------       ------   
Over 10 years         ------          79,967    +       1             0            0      ------       ------   
           
All                        164       653,278    +     254            10            0        19,000       19,138 
 
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 13, 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                                             888          33          33          46          39         111         114         114          61          33          59         151          94 
Securities, repurchase agreements,                                 
      and loans                              672,451      31,584     298,502      20,425      30,611      50,240      44,149      66,049      20,577      14,638      17,571      25,604      52,501 
   Securities held outright                  653,288      31,584     279,497      20,424      30,611      50,240      44,134      66,015      20,553      14,582      17,557      25,602      52,488 
      U.S. Treasury (1)                      653,278      31,583     279,493      20,424      30,611      50,239      44,133      66,014      20,553      14,582      17,556      25,602      52,487 
         Bills (2)                           240,142      11,610     102,740       7,508      11,252      18,468      16,223      24,266       7,555       5,360       6,454       9,411      19,294 
         Notes and bonds(3)                  413,136      19,973     176,753      12,916      19,359      31,771      27,910      41,748      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)                19,000           0      19,000           0           0           0           0           0           0           0           0           0           0 
      Loans                                      164           0           5           0           0           0          16          34          24          56          14           2          13 
Items in process of collection                10,510         717         713         477         450         974       1,326         845         479         337         682         520       2,990 
Bank premises                                  1,587          91         186          52         152         143         278         119          43         126          54         168         176 
Other assets(5)                               38,805       1,794      14,135       1,081       2,388       5,982       2,277       3,617       1,009       1,147         935       1,129       3,311 
Interdistrict settlement account                   0     - 4,380     +16,881     - 1,702     - 1,917     - 1,979     - 1,141     - 7,540     - 1,531     -   359     -   877     + 2,299     + 2,246 
          Total Assets                       737,481      30,448     336,030      20,843      32,304      56,425      48,032      64,398      21,041      16,176      18,793      30,476      62,514 
 
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 13, 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             777,982      31,566     333,820      25,716      31,887      58,577      63,509      67,084      23,582      15,548      21,332      35,423      69,938 
  Less: notes held by F.R. Banks              115,968       5,093      23,519       7,881       5,293      10,230      20,355       9,576       4,582       1,621       4,807       7,498      15,513 
    Federal Reserve notes, net                662,014      26,473     310,302      17,834      26,594      48,347      43,154      57,508      19,001      13,927      16,525      27,925      54,425 
Reverse repurchase agreements (1)              19,138         925       8,188         598         897       1,472       1,293       1,934         602         427         514         750       1,538 
Deposits                                       27,215       1,420      11,739       1,259       2,763       1,527       1,478       2,202         605         470         757         798       2,195 
  Depository institutions                      20,690       1,418       5,360       1,258       2,760       1,405       1,474       2,199         604         469         755         797       2,192 
  U.S. Treasury, general account                5,720           0       5,720           0           0           0           0           0           0           0           0           0           0 
  Foreign official                                525           2         501           1           3           7           2           3           1           1           1           1           3 
  Other                                           281           1         159           0           1         115           2           0           1           0           1           1           0 
Deferred availability cash items                9,070         594       1,047         542         496         643         946         664         270         562         503         508       2,296 
Other liabilities and accrued                                                 
  dividends (2)                                 2,159         123         668          91         115         223         180         217          95          86          87         108         164 
                                                                    
    Total liabilities                         719,597      29,535     331,944      20,325      30,865      52,213      47,051      62,525      20,573      15,472      18,386      30,090      60,619 
                                                                    
Capital                                                             
Capital paid in                                 8,724         446       1,952         253         710       2,089         477         915         228         348         193         183         931 
Surplus                                         8,380         436       1,809         233         702       2,073         475         858         199         340         201         186         868 
Other capital                                     780          30         326          32          27          51          29         100          41          18          13          16          97 
     Total liabilities and capital            737,481      30,448     336,030      20,843      32,304      56,425      48,032      64,398      21,041      16,176      18,793      30,476      62,514 
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 13, 2003
Federal Reserve notes outstanding          777,982  
   Less: Notes held by F.R. Banks         
         not subject to collateralization   111,177  
      Federal Reserve Notes to be         
         collateralized                    666,805  
Collateral held against Federal Reserve             
   notes                                   666,805  
   Gold certificate account                 11,039  
   Special drawing rights                 
     certificate account                     2,200  
   U.S. Treasury and agency securities    
     pledged (1)                           653,145  
   Other eligible assets                       420  
                                          
Memo:                                     
Total U.S. Treasury and agency            
       securities (1)                      672,288  
   Less:face value of securities under    
         reverse repurchase agreements      19,142  
      U.S. Treasury and agency securities  
             eligible to be pledged        653,145  
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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