Federal Reserve Statistical Release, H.4.1, Factors Affecting Reserve Balances; title with eagle logo links to Statistical Release home page
Release Date:  November 06, 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
November 6, 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
Nov 5, 2003
Week ended
Nov 5, 2003
Change from week ended
Oct 29, 2003 Nov 6, 2002
                                                              
Reserve Bank Credit                                         725,126     -   1,707     +  64,561       722,578 
 Securities held outright                                   658,813     +     847     +  50,151       658,885 
    U.S. Treasury (1)                                       658,803     +     847     +  50,151       658,875 
       Bills (2)                                            242,433     +     272     +  35,809       242,500 
       Notes and bonds, nominal (2)                         401,322     +     563     +  12,756       401,322 
       Notes and bonds, inflation-indexed (2)                13,454             0     +   1,212        13,454 
       Inflation compensation (3)                             1,593     +      11     +     374         1,599 
    Federal agency (2)                                           10             0             0            10 
 Repurchase agreements(4)                                    24,000     -   4,071     +  11,964        19,000 
 Loans to depository institutions                               135     +      45     -     288            49 
    Primary credit                                               82     +      63     +      82             4 
    Secondary credit                                              0             0             0             0 
    Seasonal credit                                              53     -      18     -      14            45 
    Adjustment credit                                             0             0     -     355             0 
 Float                                                       1,491    +   1,608    +   1,455        3,979 
 Other Federal Reserve assets                                40,687     -     136     +   1,279        40,664 
Gold stock                                                   11,043             0     +       1        11,043 
Special drawing rights certificate account                    2,200             0             0         2,200 
Treasury currency outstanding (5)                            35,363     +      14     +     978        35,363 
                                                              
Total factors supplying reserve funds                       773,732     -   1,694     +  65,540       771,184 
                                                                          
Currency in circulation(5)                                  703,289     +   1,240     +  39,341       705,008 
Reverse repurchase agreements (6)                            19,888     +     714     +  19,888        21,001 
   Foreign official and international accounts               18,924     -     250     +  18,924        18,251 
   Dealers                                                      964     +     964     +     964         2,750 
Treasury cash holdings                                          389     -      10     -       6           379 
Deposits with F.R.Banks, other than reserve balances         17,892     +     972     +   1,769        17,118 
  U.S. Treasury, general account                              5,680     +     555     +     342         4,615 
  Foreign official                                              196     +     115     +      80           458 
  Service-related                                            11,724     +     292     +   1,301        11,724 
     Required clearing balances                              11,423     +      83     +   1,367        11,423 
     Adjustments to compensate for float                        301     +     209     -      67           301 
  Other                                                         293     +      10     +      48           320 
Other liabilities and capital                                20,025     -     481     +     170        19,841 
                                                              
Total factors, other than reserve balances,                                                       
   absorbing reserve funds                                  761,483     +   2,435     +  61,161       763,347 
                                                              
Reserve balances with Federal Reserve Banks                  12,249     -   4,129     +   4,379         7,837 
                                                                          
                                                              
Memo (off-balance-sheet items):                               
  Marketable securities held in custody for foreign           
         official and international accounts(2,7)         1,001,954     +   6,334      ------       1,003,271 
     U.S. Treasury                                          799,027     +   4,372      ------         798,608 
     Federal agency                                         202,927     +   1,962      ------         204,663 
  Securities lent to dealers                                  1,560     +     485     -     576         1,778 
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
Nov 5, 2003
Wednesday
Oct 29, 2003
Wednesday
Nov 6, 2002
Assets                                               
Gold certificate account                                         11,039                 0         +       1 
Special drawing rights certificate account                        2,200                 0                 0 
Coin                                                                829         +       3         -     250 
Securities, repurchase agreements, and loans                    677,934         -   8,830         +  59,086 
   Securities held outright                                     658,885         +     203         +  50,105 
      U.S. Treasury (1)                                         658,875         +     203         +  50,105 
         Bills (2)                                              242,500         +     192         +  35,761 
         Notes and bonds, nominal (2)                           401,322                 0         +  12,756 
         Notes and bonds, inflation-indexed (2)                    13,454                 0         +   1,212 
         Inflation compensation (3)                               1,599         +      12         +     377 
      Federal agency (2)                                             10                 0                 0 
   Repurchase agreements (4)                                     19,000         -   9,000         +   9,000 
   Loans                                                             49         -      33         -      20 
Items in process of collection                    (1,255)        12,400         +   5,957         +   3,115 
Bank premises                                                     1,598         +       2         +      69 
Other assets (5)                                                 39,015         -     274         +     898 
      Total assets                                (1,255)       745,015         -   3,143         +  62,918 
                                                     
Liabilities                                          
Federal Reserve notes net of FR Bank holdings                  670,849         +   1,482         +  37,534 
Reverse repurchase agreements (6)                                21,001         +   1,715         +  21,001 
Deposits                                              (0)        24,960         -   7,641         +   4,169 
  Depository institutions                                        19,567         -   6,993         +   3,898 
  U.S. Treasury, general account                                  4,615         -   1,057         -     192 
  Foreign official                                                  458         +     373         +     386 
  Other                                               (0)           320         +      37         +      77 
Deferred availability cash items                  (1,255)         8,364         +   1,565         -      56 
Other liabilities and accrued dividends (7)                       2,277         -      26         -     162 
      Total liabilities                           (1,255)       727,451         -   2,904         +  62,486 
                                                     
Capital Accounts                                     
Capital paid in                                                   8,754         +      12         +     474 
Surplus                                                           8,335         -      45         +   1,023 
Other capital accounts                                              475         -     206         -   1,065 
      Total capital                                              17,564         -     239         +     432 
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 collateralized 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, November 5, 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               7        48,825    -     257             0            0        19,000        21,001
16 days to 90 days          42       144,738    +     314            10            0             0             0
91 days to 1 year            0       156,936    -     797             0            0      ------       ------   
Over 1 to 5 years     ------         179,300    +     936             0            0      ------       ------   
Over 5 to 10 years    ------          51,962    +       4             0            0      ------       ------   
Over 10 years         ------          77,114    +       4             0            0      ------       ------   
           
All                         49       658,875    +     203            10            0        19,000       21,001 
 
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 November 5, 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                                             829          28          34          44          37          99         102          99          58          24          48         147         109 
Securities, repurchase agreements,                                 
      and loans                              677,934      31,854     300,893      20,599      30,874      50,670      44,512      66,591      20,733      14,725      17,724      25,821      52,938 
   Securities held outright                  658,885      31,854     281,892      20,599      30,874      50,670      44,512      66,581      20,729      14,707      17,707      25,821      52,938 
      U.S. Treasury (1)                      658,875      31,854     281,888      20,599      30,873      50,670      44,511      66,580      20,729      14,707      17,707      25,821      52,937 
         Bills (2)                           242,500      11,724     103,749       7,582      11,363      18,649      16,382      24,505       7,629       5,413       6,517       9,503      19,483 
         Notes and bonds(3)                  416,375      20,130     178,139      13,018      19,510      32,021      28,129      42,075      13,100       9,294      11,190      16,318      33,453 
         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                                       49           0           1           0           0           0           0          10           3          18          17           0           0 
Items in process of collection                13,655         661       1,713         724         804         809       1,093       1,546         478         617       1,056         600       3,554 
Bank premises                                  1,598          91         190          52         150         144         277         121          43         125          55         174         176 
Other assets(5)                               39,015       1,805      14,084       1,083       2,427       6,129       2,272       3,642       1,012       1,162         930       1,125       3,346 
Interdistrict settlement account                   0     +   482     + 5,176     - 1,287     - 3,589     -   935     + 2,060     - 8,679     - 1,716     -   254     - 1,161     + 3,710     + 6,194 
          Total Assets                       746,270      35,532     327,670      21,678      31,283      57,871      51,345      64,513      21,010      16,653      19,021      32,181      67,512 
 
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 November 5, 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             790,112      37,014     326,470      27,593      32,730      59,231      65,218      67,054      23,332      15,712      21,421      37,390      76,949 
  Less: notes held by F.R. Banks              119,264       5,634      23,408       8,534       5,643      10,192      19,345      10,068       4,469       1,519       4,628       7,861      17,965 
    Federal Reserve notes, net                670,849      31,380     303,062      19,059      27,087      49,039      45,873      56,986      18,863      14,192      16,793      29,529      58,985 
Reverse repurchase agreements (1)              21,001       1,015       8,985         657         984       1,615       1,419       2,122         661         469         564         823       1,687 
Deposits                                       24,960       1,477       9,687         950       1,260       2,278       1,972       2,527         677         450         659         876       2,149 
  Depository institutions                      19,567       1,475       4,471         949       1,257       2,124       1,969       2,523         673         449         657         875       2,145 
  U.S. Treasury, general account                4,615           0       4,615           0           0           0           0           0           0           0           0           0           0 
  Foreign official                                458           2         435           1           3           7           2           3           1           1           1           1           3 
  Other                                           320           1         166           0           0         146           1           0           3           0           1           1           0 
Deferred availability cash items                9,619         637       1,128         402         420         595         941         812         245         764         522         466       2,685 
Other liabilities and accrued                                                 
  dividends (2)                                 2,277         126         703          94         125         248         182         233         103          84          85         115         178 
                                                                    
    Total liabilities                         728,706      34,636     323,565      21,161      29,877      53,776      50,386      62,680      20,548      15,960      18,624      31,810      65,683 
                                                                    
Capital                                                             
Capital paid in                                 8,754         448       2,002         259         705       2,066         479         918         231         348         196         184         918 
Surplus                                         8,335         436       1,809         233         702       2,029         475         858         199         340         201         186         868 
Other capital                                     475          12         294          25           0           0           5          58          31           6           0           1          43 
     Total liabilities and capital            746,270      35,532     327,670      21,678      31,283      57,871      51,345      64,513      21,010      16,653      19,021      32,181      67,512 
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
Nov 5, 2003
Federal Reserve notes outstanding          790,112  
   Less: Notes held by F.R. Banks         
         not subject to collateralization   119,264  
      Federal Reserve Notes to be         
         collateralized                    670,849  
Collateral held against Federal Reserve             
   notes                                   670,849  
   Gold certificate account                 11,039  
   Special drawing rights                 
     certificate account                     2,200  
   U.S. Treasury and agency securities    
     pledged (1)                           656,854  
   Other assets pledged                        756  
                                          
Memo:                                     
Total U.S. Treasury and agency            
       securities (1)                      677,885  
   Less:face value of securities under    
         reverse repurchase agreements      21,031  
      U.S. Treasury and agency securities  
             eligible to be pledged        656,854  
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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