Federal Reserve Statistical Release, H.4.1, Factors Affecting Reserve Balances; title with eagle logo links to Statistical Release home page
Release Date:  February 19, 2004
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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
February 19, 2004
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
Feb 18, 2004
Week ended
Feb 18, 2004
Change from week ended
Feb 11, 2004 Feb 19, 2003
                                                              
Reserve Bank Credit                                         739,691     +  10,151     +  37,925       734,406 
 Securities held outright                                   670,117     +   1,415     +  39,108       670,786 
    U.S. Treasury (1)                                       670,117     +   1,415     +  39,118       670,786 
       Bills (2)                                            245,906     +     274     +  18,612       246,055 
       Notes and bonds, nominal (2)                         408,603     +   1,145     +  18,386       409,124 
       Notes and bonds, inflation-indexed (2)                13,994             0     +   1,752        13,994 
       Inflation compensation (3)                             1,613     -       4     +     368         1,612 
    Federal agency (2)                                            0             0     -      10             0 
 Repurchase agreements(4)                                    28,429     +  11,143     -   1,638        23,500 
 Loans to depository institutions                                23     -       5     +       4            20 
    Primary credit                                               11     -       8     -       3             6 
    Secondary credit                                              0             0             0             0 
    Seasonal credit                                              11     +       2     +       6            14 
 Float                                                         -271     -   1,815     -   1,102         1,365 
 Other Federal Reserve assets                               41,394    -     587    +   1,554       38,735 
Gold stock                                                   11,043             0             0        11,043 
Special drawing rights certificate account                    2,200             0             0         2,200 
Treasury currency outstanding (5)                            35,573     +      14     +     916        35,573 
                                                              
Total factors supplying reserve funds                       788,507     +  10,165     +  38,841       783,222 
                                                                          
Currency in circulation(5)                                  716,082     +   3,596     +  33,252       716,616 
Reverse repurchase agreements (6)                            22,837     +   2,386     +   4,912        19,951 
   Foreign official and international accounts               22,837     +   2,386     +   4,912        19,951 
   Dealers                                                        0             0             0             0 
Treasury cash holdings                                          334     -      18     -      24           323 
Deposits with F.R.Banks, other than reserve balances         16,706     -     374     +     549        16,717 
  U.S. Treasury, general account                              4,984     -     368     -      64         5,004 
  Foreign official                                               80             0     -      52            82 
  Service-related                                            11,324     +      84     +     594        11,324 
     Required clearing balances                              10,937             0     +     622        10,937 
     Adjustments to compensate for float                        386     +      83     -      29           386 
  Other                                                         319     -      89     +      72           308 
Other liabilities and capital                                20,738     +     188     +   1,079        20,321 
                                                              
Total factors, other than reserve balances,                                                       
   absorbing reserve funds                                  776,696     +   5,777     +  39,768       773,927 
                                                              
Reserve balances with Federal Reserve Banks                  11,810     +   4,387     -     928         9,295 
                                                                          
                                                              
Memo (off-balance-sheet items):                               
  Marketable securities held in custody for foreign           
         official and international accounts(2,7)         1,134,523     +   8,975     + 259,928     1,142,538 
     U.S. Treasury                                          900,770     +   4,163     + 200,449       907,903 
     Federal agency                                         233,753     +   4,812     +  59,479       234,634 
  Securities lent to dealers                                  1,753     +     661     +   1,429         1,480 
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 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
Feb 18, 2004
Wednesday
Feb 11, 2004
Wednesday
Feb 19, 2003
Assets                                               
Gold certificate account                                         11,038                 0         -       1 
Special drawing rights certificate account                        2,200                 0                 0 
Coin                                                                881         +       6         -     242 
Securities, repurchase agreements, and loans                    694,306         +   5,687         +  28,520 
   Securities held outright                                     670,786         +     935         +  39,513 
      U.S. Treasury (1)                                         670,786         +     935         +  39,523 
         Bills (2)                                              246,055         +     208         +  18,494 
         Notes and bonds, nominal (2)                           409,124         +     730         +  18,907 
         Notes and bonds, inflation-indexed (2)                    13,994                 0         +   1,752 
         Inflation compensation (3)                               1,612         -       4         +     370 
      Federal agency (2)                                              0                 0         -      10 
   Repurchase agreements (4)                                     23,500         +   4,750         -  10,996 
   Loans                                                             20         +       2         +       3 
Items in process of collection                      (925)        12,496         +   5,622         -   1,671 
Bank premises                                                     1,646         +       1         +      89 
Other assets (5)                                                 37,084         -   3,547         +   1,536 
      Total assets                                  (925)       759,651         +   7,768         +  28,231 
                                                     
Liabilities                                          
Federal Reserve notes net of FR Bank holdings                  682,243         +   1,973         +  31,207 
Reverse repurchase agreements (6)                                19,951         -     108         +   2,101 
Deposits                                              (0)        26,331         +   2,923         -   6,497 
  Depository institutions                                        20,938         +   3,250         -   7,068 
  U.S. Treasury, general account                                  5,004         -     243         +     597 
  Foreign official                                                   82                 0         -      52 
  Other                                               (0)           308         -      82         +      27 
Deferred availability cash items                    (925)        10,806         +   3,297         +     766 
Other liabilities and accrued dividends (7)                       2,244         -      13         -       5 
      Total liabilities                             (925)       741,575         +   8,072         +  27,571 
                                                     
Capital Accounts                                     
Capital paid in                                                   8,898         +       4         +     464 
Surplus                                                           8,847                 0         +     467 
Other capital accounts                                              332         -     307         -     271 
      Total capital                                              18,076         -     304         +     660 
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, February 18, 2004
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              20        53,103    +   3,068             0            0        23,500        19,951
16 days to 90 days           0       150,375    +   1,482             0            0             0             0
91 days to 1 year            0       158,686    -   5,436             0            0      ------       ------   
Over 1 to 5 years     ------         182,680    +     750             0            0      ------       ------   
Over 5 to 10 years    ------          48,816    +   1,072             0            0      ------       ------   
Over 10 years         ------          77,126    -       1             0            0      ------       ------   
           
All                         20       670,786    +     935             0            0        23,500       19,951 
 
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 February 18, 2004
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                      11,038         495       4,705         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                                             881          35          39          48          45          93          96         114          62          28          54         157         110 
Securities, repurchase agreements,                                 
      and loans                              694,306      32,433     310,484      20,972      31,431      51,586      45,316      67,792      21,104      14,977      18,030      26,288      53,895 
   Securities held outright                  670,786      32,430     286,984      20,972      31,431      51,586      45,316      67,783      21,104      14,973      18,027      26,288      53,894 
      U.S. Treasury (1)                      670,786      32,430     286,984      20,972      31,431      51,586      45,316      67,783      21,104      14,973      18,027      26,288      53,894 
         Bills (2)                           246,055      11,896     105,270       7,693      11,530      18,922      16,623      24,864       7,741       5,492       6,613       9,643      19,769 
         Notes and bonds(3)                  424,730      20,534     181,713      13,279      19,902      32,663      28,693      42,919      13,363       9,481      11,414      16,645      34,125 
         Federal agency (2)                        0           0           0           0           0           0           0           0           0           0           0           0           0 
      Repurchase agreements(4)                23,500           0      23,500           0           0           0           0           0           0           0           0           0           0 
      Loans                                       20           3           0           0           0           0           0           8           0           4           3           0           1 
Items in process of collection                13,421         834       1,154         677       1,001       1,041       1,514       1,037         662         629         792         833       3,246 
Bank premises                                  1,646          94         190          52         151         145         278         125          48         125          74         185         179 
Other assets(5)                               37,084       1,699      13,118       1,091       2,367       5,990       2,098       3,488         994       1,118         763         820       3,538 
Interdistrict settlement account                   0     + 2,329     - 8,492     +   209     - 3,084     +   665     +   798     - 7,630     -   955     -   598     +     2     + 7,209     + 9,547 
          Total Assets                       760,576      38,033     322,071      23,512      32,492      60,475      51,128      66,119      22,319      16,533      20,085      36,097      71,712 
 
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 February 18, 2004
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             801,092      39,390     324,977      29,344      32,985      60,328      64,272      67,363      23,662      15,959      22,135      40,228      80,449 
  Less: notes held by F.R. Banks              118,849       5,382      30,118       8,368       4,843       9,494      18,473       8,237       3,608       1,595       4,340       6,741      17,649 
    Federal Reserve notes, net                682,243      34,008     294,859      20,976      28,142      50,834      45,799      59,126      20,054      14,364      17,795      33,487      62,800 
Reverse repurchase agreements (1)              19,951         965       8,535         624         935       1,534       1,348       2,016         628         445         536         782       1,603 
Deposits                                       26,331       1,072      12,369         796       1,255       2,761       1,573       1,860         674         391         772         823       1,986 
  Depository institutions                      20,938       1,053       7,149         794       1,251       2,630       1,571       1,856         668         390         770         822       1,982 
  U.S. Treasury, general account                5,004           0       5,004           0           0           0           0           0           0           0           0           0           0 
  Foreign official                                 82           2          59           1           2           7           2           3           1           1           1           0           4 
  Other                                           308          17         158           0           1         124           0           0           5           0           1           1           0 
Deferred availability cash items               11,731         956       1,329         473         585         951       1,231       1,007         392         556         566         662       3,024 
Other liabilities and accrued                                                 
  dividends (2)                                 2,244         124         753          90         116         224         178         219         102          80          85         108         165 
                                                                    
    Total liabilities                         742,500      37,124     317,846      22,959      31,033      56,303      50,129      64,228      21,849      15,837      19,754      35,862      69,578 
                                                                    
Capital                                                             
Capital paid in                                 8,898         448       2,041         272         722       2,083         491         934         227         347         161         112       1,060 
Surplus                                         8,847         448       2,031         259         727       2,074         489         924         228         346         162         111       1,048 
Other capital                                     332          12         154          23          10          15          20          33          14           4           7          13          26 
     Total liabilities and capital            760,576      38,033     322,071      23,512      32,492      60,475      51,128      66,119      22,319      16,533      20,085      36,097      71,712 
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
Feb 18, 2004
Federal Reserve notes outstanding          801,092  
   Less: Notes held by F.R. Banks         
         not subject to collateralization   118,849  
      Federal Reserve Notes to be         
         collateralized                    682,243  
Collateral held against Federal Reserve             
   notes                                   682,243  
   Gold certificate account                 11,038  
   Special drawing rights                 
     certificate account                     2,200  
   U.S. Treasury and agency securities    
     pledged (1)                           669,004  
   Other assets pledged                          0  
                                          
Memo:                                     
Total U.S. Treasury and agency            
       securities (1)                      694,286  
   Less:face value of securities under    
         reverse repurchase agreements      19,955  
      U.S. Treasury and agency securities  
             eligible to be pledged        674,331  
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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