Federal Reserve Statistical Release, H.4.1, Factors Affecting Reserve Balances; title with eagle logo links to Statistical Release home page
Release Date:  July 08, 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
July 8, 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
Jul 7, 2004
Week ended
Jul 7, 2004
Change from week ended
Jun 30, 2004 Jul 9, 2003
                                                              
Reserve Bank Credit                                         754,955     +   2,698     +  36,560       757,305 
 Securities held outright                                   687,668     +     569     +  35,225       687,893 
    U.S. Treasury (1)                                       687,668     +     569     +  35,235       687,893 
       Bills (2)                                            254,558     +     550     +  15,273       254,776 
       Notes and bonds, nominal (2)                         416,694             0     +  17,841       416,694 
       Notes and bonds, inflation-indexed (2)                14,464             0     +   1,650        14,464 
       Inflation compensation (3)                             1,951     +      19     +     471         1,958 
    Federal agency (2)                                            0             0     -      10             0 
 Repurchase agreements(4)                                    27,179     +   1,929     +   1,179        28,000 
 Loans to depository institutions                               224     +       2     +     125           225 
    Primary credit                                               59     +       1     +      51            53 
    Secondary credit                                              0             0             0             0 
    Seasonal credit                                             165     +       1     +      74           172 
 Float                                                          -17     -      10     -     637         1,075 
 Other Federal Reserve assets                               39,901    +     208    +     668       40,113 
Gold stock                                                   11,045             0     +       1        11,045 
Special drawing rights certificate account                    2,200             0             0         2,200 
Treasury currency outstanding (5)                            35,968     +      14     +     887        35,968 
                                                              
Total factors supplying reserve funds                       804,167     +   2,711     +  37,448       806,517 
                                                                          
Currency in circulation(5)                                  736,212     +   6,888     +  38,350       738,117 
Reverse repurchase agreements (6)                            19,958     +   1,464     -     886        19,828 
   Foreign official and international accounts               19,958     +   1,464     -     886        19,828 
   Dealers                                                        0             0             0             0 
Treasury cash holdings                                          303     -       4     -      24           302 
Deposits with F.R.Banks, other than reserve balances         15,819     -   1,357     -   1,923        14,126 
  U.S. Treasury, general account                              4,541     -   1,420     -   1,677         2,915 
  Foreign official                                              155     +      37     -     124            84 
  Service-related                                            10,863     +       1     -     153        10,863 
     Required clearing balances                              10,863     +       1     +      25        10,863 
     Adjustments to compensate for float                          0             0     -     178             0 
  Other                                                         261     +      26     +      32           264 
Other liabilities and capital                                21,629     -     296     +   1,812        21,510 
                                                              
Total factors, other than reserve balances,                                                       
   absorbing reserve funds                                  793,920     +   6,694     +  37,329       793,884 
                                                              
Reserve balances with Federal Reserve Banks                  10,247     -   3,983     +     119        12,634 
                                                                          
                                                              
Memo (off-balance-sheet items):                               
  Marketable securities held in custody for foreign           
         official and international accounts(2,7)         1,235,553     +  10,094     + 289,933     1,235,128 
     U.S. Treasury                                          999,289     +   7,755     + 238,396       998,603 
     Federal agency                                         236,263     +   2,338     +  51,537       236,525 
  Securities lent to dealers                                  2,299     +       3     +     704           999 
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
Jul 7, 2004
Wednesday
Jun 30, 2004
Wednesday
Jul 9, 2003
Assets                                               
Gold certificate account                                         11,040                 0         +       1 
Special drawing rights certificate account                        2,200                 0                 0 
Coin                                                                712         -      32         -     162 
Securities, repurchase agreements, and loans                    716,117         -   5,096         +  34,302 
   Securities held outright                                     687,893         +     502         +  35,432 
      U.S. Treasury (1)                                         687,893         +     502         +  35,442 
         Bills (2)                                              254,776         +     481         +  15,471 
         Notes and bonds, nominal (2)                           416,694                 0         +  17,841 
         Notes and bonds, inflation-indexed (2)                    14,464                 0         +   1,650 
         Inflation compensation (3)                               1,958         +      22         +     479 
      Federal agency (2)                                              0                 0         -      10 
   Repurchase agreements (4)                                     28,000         -   5,500         -   1,250 
   Loans                                                            225         -      98         +     121 
Items in process of collection                      (521)         9,066         +   3,105         -   1,044 
Bank premises                                                     1,697         -       5         +     115 
Other assets (5)                                                 38,395         +     631         +     683 
      Total assets                                  (521)       779,227         -   1,397         +  33,895 
                                                     
Liabilities                                          
Federal Reserve notes net of FR Bank holdings                  703,159         +   4,973         +  39,630 
Reverse repurchase agreements (6)                                19,828         +     600         -     426 
Deposits                                              (0)        26,739         -   9,427         -   6,740 
  Depository institutions                                        23,476         -   6,152         -   3,095 
  U.S. Treasury, general account                                  2,915         -   3,117         -   3,441 
  Foreign official                                                   84         -     196         -     243 
  Other                                               (0)           264         +      38         +      39 
Deferred availability cash items                    (521)         7,991         +   2,146         -     404 
Other liabilities and accrued dividends (7)                       2,325         +      59         +     218 
      Total liabilities                             (521)       760,042         -   1,650         +  32,278 
                                                     
Capital Accounts                                     
Capital paid in                                                   9,251         +      25         +     591 
Surplus                                                           8,847                 0         +     469 
Other capital accounts                                            1,087         +     228         +     558 
      Total capital                                              19,185         +     253         +   1,618 
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, July 7, 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              59        46,828    -     501             0            0        28,000        19,828
16 days to 90 days         166       163,730    +   8,379             0            0             0             0
91 days to 1 year            0       161,187    -   7,398             0            0      ------       ------   
Over 1 to 5 years     ------         187,811    +       8             0            0      ------       ------   
Over 5 to 10 years    ------          51,591    +       5             0            0      ------       ------   
Over 10 years         ------          76,745    +       8             0            0      ------       ------   
           
All                        225       687,893    +     502             0            0        28,000       19,828 
 
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 July 7, 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                      11,040         494       4,650         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                                             712          25          29          38          33          64          77          82          57          21          44         140         101 
Securities, repurchase agreements,                                 
      and loans                              716,117      32,302     326,279      20,460      29,394      52,333      46,399      62,027      20,234      15,057      18,100      31,366      62,168 
   Securities held outright                  687,893      32,302     298,279      20,460      29,394      52,283      46,390      61,964      20,210      15,004      18,077      31,365      62,167 
      U.S. Treasury (1)                      687,893      32,302     298,279      20,460      29,394      52,283      46,390      61,964      20,210      15,004      18,077      31,365      62,167 
         Bills (2)                           254,776      11,964     110,474       7,578      10,887      19,364      17,181      22,950       7,485       5,557       6,695      11,617      23,025 
         Notes and bonds(3)                  433,117      20,338     187,805      12,882      18,507      32,919      29,208      39,015      12,725       9,447      11,382      19,748      39,142 
         Federal agency (2)                        0           0           0           0           0           0           0           0           0           0           0           0           0 
      Repurchase agreements(4)                28,000           0      28,000           0           0           0           0           0           0           0           0           0           0 
      Loans                                      225           0           0           0           0          50           9          62          24          53          23           2           1 
Items in process of collection                 9,586         762         440         492       1,016         574         850         595         425         496         842         451       2,644 
Bank premises                                  1,697          96         191          52         154         145         279         135          53         124          75         213         181 
Other assets(5)                               38,395       1,739      13,818       1,148       2,347       5,999       2,195       3,468         999       1,133         795         990       3,765 
Interdistrict settlement account                   0     + 2,753     -32,342     + 3,647     +   286     +   341     + 8,275     +   557     + 1,265     -   532     + 1,182     + 3,783     +10,786 
          Total Assets                       779,748      38,286     313,941      26,302      33,786      60,421      59,133      67,999      23,428      16,547      21,405      37,565      80,934 
 
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 July 7, 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             815,593      37,518     317,556      31,418      34,153      61,305      70,896      67,717      24,459      15,489      23,577      41,889      89,615 
  Less: notes held by F.R. Banks              112,434       3,689      28,772       8,134       5,381      10,487      17,029       6,897       3,082       1,052       4,152       6,756      17,003 
    Federal Reserve notes, net                703,159      33,829     288,784      23,284      28,773      50,818      53,867      60,820      21,377      14,437      19,425      35,134      72,612 
Reverse repurchase agreements (1)              19,828         931       8,598         590         847       1,507       1,337       1,786         583         432         521         904       1,792 
Deposits                                       26,739       1,654      10,576       1,204       1,783       3,081       1,792       2,376         633         448         678         704       1,809 
  Depository institutions                      23,476       1,650       7,440       1,202       1,781       2,979       1,790       2,372         630         446         677         703       1,806 
  U.S. Treasury, general account                2,915           0       2,915           0           0           0           0           0           0           0           0           0           0 
  Foreign official                                 84           2          61           1           2           7           2           3           1           1           1           0           4 
  Other                                           264           3         161           1           0          95           0           1           2           0           1           1           0 
Deferred availability cash items                8,512         702         758         559         740         547         891         683         250         524         368         416       2,074 
Other liabilities and accrued                                                 
  dividends (2)                                 2,325         128         757          92         116         233         189         224         104          79          88         128         186 
                                                                    
    Total liabilities                         760,563      37,244     309,473      25,729      32,259      56,185      58,078      65,889      22,946      15,920      21,080      37,286      78,473 
                                                                    
Capital                                                             
Capital paid in                                 9,251         506       2,116         278         758       2,077         510       1,028         232         264         150         130       1,202 
Surplus                                         8,847         448       2,031         259         727       2,074         489         924         228         346         162         111       1,048 
Other capital                                   1,087          87         321          36          42          85          57         158          21          17          13          39         210 
     Total liabilities and capital            779,748      38,286     313,941      26,302      33,786      60,421      59,133      67,999      23,428      16,547      21,405      37,565      80,934 
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
Jul 7, 2004
Federal Reserve notes outstanding          815,593  
   Less: Notes held by F.R. Banks         
         not subject to collateralization   112,434  
      Federal Reserve Notes to be         
         collateralized                    703,159  
Collateral held against Federal Reserve             
   notes                                   703,159  
   Gold certificate account                 11,040  
   Special drawing rights                 
     certificate account                     2,200  
   U.S. Treasury and agency securities    
     pledged (1)                           689,919  
   Other assets pledged                          0  
                                          
Memo:                                     
Total U.S. Treasury and agency            
       securities (1)                      715,893  
   Less:face value of securities under    
         reverse repurchase agreements      19,834  
      U.S. Treasury and agency securities  
             eligible to be pledged        696,059  
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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