Federal Reserve Statistical Release, H.4.1, Factors Affecting Reserve Balances; title with eagle logo links to Statistical Release home page
Release Date:  May 13, 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
May 13, 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
May 12, 2004
Week ended
May 12, 2004
Change from week ended
May 5, 2004 May 14, 2003
                                                              
Reserve Bank Credit                                         741,313     -     816     +  26,969       745,174 
 Securities held outright                                   677,826     +      88     +  30,009       677,835 
    U.S. Treasury (1)                                       677,826     +      88     +  30,019       677,835 
       Bills (2)                                            250,163     +      62     +  13,409       250,163 
       Notes and bonds, nominal (2)                         411,388             0     +  14,612       411,388 
       Notes and bonds, inflation-indexed (2)                14,464             0     +   1,650        14,464 
       Inflation compensation (3)                             1,811     +      26     +     348         1,820 
    Federal agency (2)                                            0             0     -      10             0 
 Repurchase agreements(4)                                    23,071     -   1,393     -   2,573        27,250 
 Loans to depository institutions                               110     +      22     +      59           176 
    Primary credit                                               16     +      10     +      14            80 
    Secondary credit                                              0             0             0             0 
    Seasonal credit                                              93     +      11     +      44            96 
 Float                                                         -381     +     363     -     374          -853 
 Other Federal Reserve assets                               40,687    +     105    -     152       40,766 
Gold stock                                                   11,045             0     +       2        11,045 
Special drawing rights certificate account                    2,200             0             0         2,200 
Treasury currency outstanding (5)                            35,741     +      14     +     816        35,741 
                                                              
Total factors supplying reserve funds                       790,299     -     803     +  27,788       794,160 
                                                                          
Currency in circulation(5)                                  719,430     +   1,040     +  29,708       720,707 
Reverse repurchase agreements (6)                            19,805     -   1,672     -     836        18,711 
   Foreign official and international accounts               19,805     -   1,672     -     836        18,711 
   Dealers                                                        0             0             0             0 
Treasury cash holdings                                          310     -       9     -      33           323 
Deposits with F.R.Banks, other than reserve balances         16,370     -     681     -   2,405        15,852 
  U.S. Treasury, general account                              5,435     -     590     -   1,704         4,949 
  Foreign official                                              103     -      27     +      17            83 
  Service-related                                            10,562     -       1     -     729        10,562 
     Required clearing balances                              10,562     -       1     -     320        10,562 
     Adjustments to compensate for float                          0             0     -     409             0 
  Other                                                         270     -      62     +      11           259 
Other liabilities and capital                                20,831     -      91     +     393        20,548 
                                                              
Total factors, other than reserve balances,                                                       
   absorbing reserve funds                                  776,746     -   1,413     +  26,826       776,141 
                                                              
Reserve balances with Federal Reserve Banks                  13,553     +     610     +     961        18,019 
                                                                          
                                                              
Memo (off-balance-sheet items):                               
  Marketable securities held in custody for foreign           
         official and international accounts(2,7)         1,192,733     -   1,625     + 295,942     1,191,675 
     U.S. Treasury                                          963,435     -   1,300     + 249,086       962,080 
     Federal agency                                         229,298     -     325     +  46,856       229,595 
  Securities lent to dealers                                  1,062     -   2,651     +     539         2,033 
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
May 12, 2004
Wednesday
May 5, 2004
Wednesday
May 14, 2003
Assets                                               
Gold certificate account                                         11,041                 0         +       2 
Special drawing rights certificate account                        2,200                 0                 0 
Coin                                                                777         -      22         -     206 
Securities, repurchase agreements, and loans                    705,261         +   7,353         +  26,502 
   Securities held outright                                     677,835         +      24         +  29,888 
      U.S. Treasury (1)                                         677,835         +      24         +  29,898 
         Bills (2)                                              250,163                 0         +  13,286 
         Notes and bonds, nominal (2)                           411,388                 0         +  14,612 
         Notes and bonds, inflation-indexed (2)                    14,464                 0         +   1,650 
         Inflation compensation (3)                               1,820         +      24         +     350 
      Federal agency (2)                                              0                 0         -      10 
   Repurchase agreements (4)                                     27,250         +   7,250         -   3,502 
   Loans                                                            176         +      79         +     116 
Items in process of collection                      (975)         5,728         -   1,115         -   1,350 
Bank premises                                                     1,672                 0         +      92 
Other assets (5)                                                 39,032         -     215         -     638 
      Total assets                                  (975)       765,711         +   6,000         +  24,402 
                                                     
Liabilities                                          
Federal Reserve notes net of FR Bank holdings                  686,061         +     437         +  28,665 
Reverse repurchase agreements (6)                                18,711         -   1,942         -   2,362 
Deposits                                              (0)        33,811         +   8,637         -   1,377 
  Depository institutions                                        28,521         +   9,669         +     918 
  U.S. Treasury, general account                                  4,949         -   1,011         -   2,250 
  Foreign official                                                   83         -       4         -      39 
  Other                                               (0)           259         -      16         -       5 
Deferred availability cash items                    (975)         6,579         -     561         -   1,020 
Other liabilities and accrued dividends (7)                       2,317         +      46         -      16 
      Total liabilities                             (975)       747,481         +   6,618         +  23,892 
                                                     
Capital Accounts                                     
Capital paid in                                                   9,072         +      33         +     504 
Surplus                                                           8,808         -      39         +     428 
Other capital accounts                                              350         -     613         -     422 
      Total capital                                              18,230         -     619         +     510 
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, May 12, 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              86        58,947    +     555             0            0        27,250        18,711
16 days to 90 days          90       146,308    +      41             0            0             0             0
91 days to 1 year            0       160,187    -     595             0            0      ------       ------   
Over 1 to 5 years     ------         184,881    +       9             0            0      ------       ------   
Over 5 to 10 years    ------          50,033    +       6             0            0      ------       ------   
Over 10 years         ------          77,479    +       9             0            0      ------       ------   
           
All                        176       677,835    +      24             0            0        27,250       18,711 
 
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 May 12, 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                      11,041         494       4,651         382         452         819         894         924         325         218         302         525       1,055 
Special drawing rights certificate acct.       2,200         115         874          83         104         147         166         212          71          30          66          98         234 
Coin                                             777          37          33          49          37          73          76         103          52          29          46         141         101 
Securities, repurchase agreements,                                 
      and loans                              705,261      31,832     321,168      20,161      29,041      51,518      45,714      61,096      19,929      14,817      17,818      30,906      61,260 
   Securities held outright                  677,835      31,829     293,918      20,160      28,964      51,518      45,711      61,058      19,914      14,784      17,812      30,906      61,258 
      U.S. Treasury (1)                      677,835      31,829     293,918      20,160      28,964      51,518      45,711      61,058      19,914      14,784      17,812      30,906      61,258 
         Bills (2)                           250,163      11,747     108,474       7,440      10,689      19,013      16,870      22,534       7,350       5,456       6,574      11,406      22,608 
         Notes and bonds(3)                  427,672      20,082     185,444      12,720      18,274      32,505      28,841      38,524      12,565       9,328      11,238      19,500      38,650 
         Federal agency (2)                        0           0           0           0           0           0           0           0           0           0           0           0           0 
      Repurchase agreements(4)                27,250           0      27,250           0           0           0           0           0           0           0           0           0           0 
      Loans                                      176           3           0           1          77           0           3          38          14          33           6           0           2 
Items in process of collection                 6,703         328         376         462         390         362         646         285         373         436         422         370       2,252 
Bank premises                                  1,672          96         191          52         153         145         278         129          50         124          74         199         180 
Other assets(5)                               39,032       1,770      14,245       1,142       2,347       5,940       2,252       3,508       1,027       1,138         819       1,041       3,805 
Interdistrict settlement account                   0     + 3,218     -18,797     + 2,111     -   649     - 1,808     +   313     +   297     +   435     -   397     + 1,438     + 3,775     +10,064 
          Total Assets                       766,686      37,890     322,741      24,442      31,874      57,197      50,339      66,554      22,261      16,395      20,985      37,056      78,951 
 
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 May 12, 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             807,594      38,365     321,524      30,247      32,067      59,438      64,907      68,147      23,478      15,617      22,904      41,632      89,269 
  Less: notes held by F.R. Banks              121,533       4,468      30,376       8,397       5,519      10,856      19,828       7,759       3,330       1,324       4,024       6,990      18,663 
    Federal Reserve notes, net                686,061      33,897     291,148      21,850      26,548      48,582      45,079      60,387      20,148      14,293      18,880      34,642      70,606 
Reverse repurchase agreements (1)              18,711         879       8,114         557         800       1,422       1,262       1,686         550         408         492         853       1,691 
Deposits                                       33,811       1,469      17,826         920       2,489       2,351       1,961       1,834         729         452         809         795       2,177 
  Depository institutions                      28,521       1,465      12,661         919       2,486       2,251       1,959       1,830         727         450         807         794       2,173 
  U.S. Treasury, general account                4,949           0       4,949           0           0           0           0           0           0           0           0           0           0 
  Foreign official                                 83           2          60           1           2           7           2           3           1           1           1           0           4 
  Other                                           259           3         158           0           1          93           0           1           1           0           1           0           0 
Deferred availability cash items                7,555         529         674         471         440         483         851         574         266         544         400         381       1,942 
Other liabilities and accrued                                                 
  dividends (2)                                 2,317         133         719          94         121         260         188         218         105          82          86         121         191 
                                                                    
    Total liabilities                         748,456      36,907     318,480      23,891      30,398      53,098      49,342      64,699      21,798      15,779      20,666      36,791      76,606 
                                                                    
Capital                                                             
Capital paid in                                 9,072         499       2,109         278         738       2,063         502         913         232         266         153         127       1,193 
Surplus                                         8,808         448       2,031         259         727       2,035         489         924         228         346         162         111       1,048 
Other capital                                     350          36         121          14          12           0           6          18           3           6           3          27         104 
     Total liabilities and capital            766,686      37,890     322,741      24,442      31,874      57,197      50,339      66,554      22,261      16,395      20,985      37,056      78,951 
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
May 12, 2004
Federal Reserve notes outstanding          807,594  
   Less: Notes held by F.R. Banks         
         not subject to collateralization   121,533  
      Federal Reserve Notes to be         
         collateralized                    686,061  
Collateral held against Federal Reserve             
   notes                                   686,061  
   Gold certificate account                 11,041  
   Special drawing rights                 
     certificate account                     2,200  
   U.S. Treasury and agency securities    
     pledged (1)                           672,820  
   Other assets pledged                          0  
                                          
Memo:                                     
Total U.S. Treasury and agency            
       securities (1)                      705,085  
   Less:face value of securities under    
         reverse repurchase agreements      18,715  
      U.S. Treasury and agency securities  
             eligible to be pledged        686,369  
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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