Federal Reserve Statistical Release, H.4.1, Factors Affecting Reserve Balances; title with eagle logo links to Statistical Release home page
Release Date:  November 20, 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 20, 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 19, 2003
Week ended
Nov 19, 2003
Change from week ended
Nov 12, 2003 Nov 20, 2002
                                                              
Reserve Bank Credit                                         727,983     +   5,744     +  61,911       723,987 
 Securities held outright                                   661,963     +   1,750     +  53,900       662,713 
    U.S. Treasury (1)                                       661,953     +   1,750     +  53,900       662,703 
       Bills (2)                                            242,886     +     166     +  36,871       242,958 
       Notes and bonds, nominal (2)                         403,995     +   1,573     +  15,429       404,669 
       Notes and bonds, inflation-indexed (2)                13,454             0     +   1,212        13,454 
       Inflation compensation (3)                             1,617     +      11     +     388         1,621 
    Federal agency (2)                                           10             0             0            10 
 Repurchase agreements(4)                                    24,071     +   3,607     +   3,142        22,000 
 Loans to depository institutions                                65     +      13     -     306            47 
    Primary credit                                               22     +      19     +      22             3 
    Secondary credit                                              0             0             0             0 
    Seasonal credit                                              43     -       5     -      17            44 
    Adjustment credit                                             0             0     -     310             0 
 Float                                                       1,834    +   1,372    +   2,144        1,265 
 Other Federal Reserve assets                                40,049     -     998     +   3,029        37,962 
Gold stock                                                   11,043             0     +       1        11,043 
Special drawing rights certificate account                    2,200             0             0         2,200 
Treasury currency outstanding (5)                            35,391     +      14     +     963        35,391 
                                                              
Total factors supplying reserve funds                       776,618     +   5,759     +  62,875       772,622 
                                                                          
Currency in circulation(5)                                  706,844     +     479     +  39,031       707,714 
Reverse repurchase agreements (6)                            19,227     +   1,673     +  19,227        17,902 
   Foreign official and international accounts               19,227     +   1,673     +  19,227        17,902 
   Dealers                                                        0             0             0             0 
Treasury cash holdings                                          342     -      33     -      45           305 
Deposits with F.R.Banks, other than reserve balances         17,270     +     415     +   1,543        17,759 
  U.S. Treasury, general account                              4,651     -     225     -     217         5,175 
  Foreign official                                               80     -      11     -      67            76 
  Service-related                                            12,200     +     621     +   1,739        12,200 
     Required clearing balances                              11,849     +     424     +   1,566        11,849 
     Adjustments to compensate for float                        351     +     197     +     173           351 
  Other                                                         339     +      30     +      89           308 
Other liabilities and capital                                20,746     +     503     +     955        20,474 
                                                              
Total factors, other than reserve balances,                                                       
   absorbing reserve funds                                  764,429     +   3,037     +  60,711       764,155 
                                                              
Reserve balances with Federal Reserve Banks                  12,189     +   2,721     +   2,164         8,467 
                                                                          
                                                              
Memo (off-balance-sheet items):                               
  Marketable securities held in custody for foreign           
         official and international accounts(2,7)         1,014,143     +  11,890      ------       1,021,962 
     U.S. Treasury                                          804,680     +   5,226      ------         811,119 
     Federal agency                                         209,462     +   6,663      ------         210,843 
  Securities lent to dealers                                  1,946     +     444     -     271         3,565 
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 19, 2003
Wednesday
Nov 12, 2003
Wednesday
Nov 20, 2002
Assets                                               
Gold certificate account                                         11,039                 0         +       1 
Special drawing rights certificate account                        2,200                 0                 0 
Coin                                                                810         -       9         -     266 
Securities, repurchase agreements, and loans                    684,760         +     420         +  59,048 
   Securities held outright                                     662,713         +   2,424         +  56,307 
      U.S. Treasury (1)                                         662,703         +   2,424         +  56,307 
         Bills (2)                                              242,958         +     166         +  38,603 
         Notes and bonds, nominal (2)                           404,669         +   2,247         +  16,103 
         Notes and bonds, inflation-indexed (2)                    13,454                 0         +   1,212 
         Inflation compensation (3)                               1,621         +      11         +     389 
      Federal agency (2)                                             10                 0                 0 
   Repurchase agreements (4)                                     22,000         -   2,000         +   2,750 
   Loans                                                             47         -       4         -      10 
Items in process of collection                    (1,079)         8,698         +   1,911         +     462 
Bank premises                                                     1,602         +       2         +      69 
Other assets (5)                                                 36,324         -   3,392         +   1,330 
      Total assets                                (1,079)       745,433         -   1,068         +  60,645 
                                                     
Liabilities                                          
Federal Reserve notes net of FR Bank holdings                  673,434         -     935         +  37,536 
Reverse repurchase agreements (6)                                17,902         +     516         +  17,902 
Deposits                                              (0)        25,924         -   1,800         +   4,160 
  Depository institutions                                        20,365         -   2,285         +   3,422 
  U.S. Treasury, general account                                  5,175         +     561         +     656 
  Foreign official                                                   76         -      71         +       4 
  Other                                               (0)           308         -       6         +      77 
Deferred availability cash items                  (1,079)         7,699         +   1,123         -     121 
Other liabilities and accrued dividends (7)                       2,309         -       5         -     112 
      Total liabilities                           (1,079)       727,268         -   1,101         +  59,365 
                                                     
Capital Accounts                                     
Capital paid in                                                   8,786         +       2         +     482 
Surplus                                                           8,380                 0         +   1,068 
Other capital accounts                                              999         +      31         -     271 
      Total capital                                              18,165         +      33         +   1,280 
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 19, 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              45        50,010    +  15,415             0            0        18,000        17,902
16 days to 90 days           2       142,633    -  16,688            10            0         4,000             0
91 days to 1 year            0       164,942    +   6,967             0            0      ------       ------   
Over 1 to 5 years     ------         177,811    -   1,492             0            0      ------       ------   
Over 5 to 10 years    ------          50,183    -   1,783             0            0      ------       ------   
Over 10 years         ------          77,123    +       4             0            0      ------       ------   
           
All                         47       662,703    +   2,424            10            0        22,000       17,902 
 
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 19, 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                                             810          25          33          45          37          93          98          96          55          25          48         150         104 
Securities, repurchase agreements,                                 
      and loans                              684,760      32,039     305,530      20,722      31,053      50,965      44,770      66,976      20,851      14,812      17,823      25,971      53,246 
   Securities held outright                  662,713      32,039     283,530      20,719      31,053      50,965      44,770      66,967      20,850      14,793      17,810      25,971      53,245 
      U.S. Treasury (1)                      662,703      32,039     283,526      20,719      31,053      50,964      44,770      66,966      20,849      14,792      17,810      25,971      53,244 
         Bills (2)                           242,958      11,746     103,945       7,596      11,384      18,684      16,413      24,551       7,644       5,423       6,529       9,521      19,520 
         Notes and bonds(3)                  419,745      20,293     179,580      13,123      19,668      32,280      28,356      42,415      13,206       9,369      11,280      16,450      33,724 
         Federal agency (2)                       10           0           4           0           0           1           1           1           0           0           0           0           1 
      Repurchase agreements(4)                22,000           0      22,000           0           0           0           0           0           0           0           0           0           0 
      Loans                                       47           0           0           3           0           0           0           8           2          19          13           0           1 
Items in process of collection                 9,777         455         771         539       1,152         540         814         821         419         475         573         536       2,681 
Bank premises                                  1,602          92         190          52         150         144         278         121          43         125          55         174         177 
Other assets(5)                               36,324       1,678      12,847         998       2,321       5,998       2,078       3,364         925       1,107         856       1,011       3,141 
Interdistrict settlement account                   0     +   187     - 2,553     -   389     - 3,664     + 3,666     + 1,907     - 8,240     - 1,861     -   242     -   732     + 4,297     + 7,623 
          Total Assets                       746,511      35,087     322,399      22,430      31,630      62,361      50,974      64,333      20,835      16,557      18,992      32,745      68,169 
 
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 19, 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             793,540      37,373     326,172      28,541      33,002      59,403      66,116      66,695      23,259      15,643      21,457      38,021      77,858 
  Less: notes held by F.R. Banks              120,107       5,548      24,766       8,625       5,530      10,124      19,856       9,640       4,459       1,405       4,590       7,709      17,854 
    Federal Reserve notes, net                673,434      31,825     301,406      19,915      27,472      49,279      46,260      57,055      18,800      14,238      16,867      30,312      60,004 
Reverse repurchase agreements (1)              17,902         865       7,659         560         839       1,377       1,209       1,809         563         400         481         702       1,438 
Deposits                                       25,924         809       7,347         803       1,141       6,681       1,466       2,601         614         606         756         780       2,320 
  Depository institutions                      20,365         800       1,963         802       1,138       6,538       1,464       2,598         610         604         754         778       2,316 
  U.S. Treasury, general account                5,175           0       5,175           0           0           0           0           0           0           0           0           0           0 
  Foreign official                                 76           2          52           1           3           7           2           3           1           1           1           1           3 
  Other                                           308           8         157           0           1         135           1           0           3           0           1           1           0 
Deferred availability cash items                8,778         533       1,047         520         567         562         848         739         272         519         389         447       2,334 
Other liabilities and accrued                                                 
  dividends (2)                                 2,309         129         709          96         128         253         185         236         104          84          87         116         183 
                                                                    
    Total liabilities                         728,347      34,162     318,169      21,893      30,147      58,151      49,969      62,440      20,353      15,846      18,579      32,356      66,280 
                                                                    
Capital                                                             
Capital paid in                                 8,786         448       2,003         259         725       2,067         485         919         231         348         197         184         920 
Surplus                                         8,380         436       1,809         233         702       2,073         475         858         199         340         201         186         868 
Other capital                                     999          41         418          44          56          69          44         116          52          23          15          18         101 
     Total liabilities and capital            746,511      35,087     322,399      22,430      31,630      62,361      50,974      64,333      20,835      16,557      18,992      32,745      68,169 
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 19, 2003
Federal Reserve notes outstanding          793,540  
   Less: Notes held by F.R. Banks         
         not subject to collateralization   120,107  
      Federal Reserve Notes to be         
         collateralized                    673,434  
Collateral held against Federal Reserve             
   notes                                   673,434  
   Gold certificate account                 11,039  
   Special drawing rights                 
     certificate account                     2,200  
   U.S. Treasury and agency securities    
     pledged (1)                           660,195  
   Other assets pledged                          0  
                                          
Memo:                                     
Total U.S. Treasury and agency            
       securities (1)                      684,713  
   Less:face value of securities under    
         reverse repurchase agreements      17,923  
      U.S. Treasury and agency securities  
             eligible to be pledged        666,790  
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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