Federal Reserve Statistical Release, H.4.1, Factors Affecting Reserve Balances; title with eagle logo links to Statistical Release home page
Release Date:  December 30, 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
December 30, 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
Dec 29, 2004
Week ended
Dec 29, 2004
Change from week ended
Dec 22, 2004 Dec 31, 2003
                                                              
Reserve Bank Credit                                         790,621     +   6,148     +  44,054       790,726 
 Securities held outright                                   717,727     +      53     +  51,325       717,813 
    U.S. Treasury (1)                                       717,727     +      53     +  51,325       717,813 
       Bills (2)                                            262,892     +      31     +  18,323       262,970 
       Notes and bonds, nominal (2)                         436,429             0     +  30,256       436,429 
       Notes and bonds, inflation-indexed (2)                16,108             0     +   2,114        16,108 
       Inflation compensation (3)                             2,298     +      22     +     632         2,306 
    Federal agency (2)                                            0             0             0             0 
 Repurchase agreements(4)                                    31,071     +   5,678     -   7,608        33,000 
 Loans to depository institutions                                54     -      21     -      11            57 
    Primary credit                                                9     -      10     -      23            13 
    Secondary credit                                              0             0             0             0 
    Seasonal credit                                              45     -      11     +      12            44 
 Float                                                        2,496     +   2,043     +   1,316           489 
 Other Federal Reserve assets                               39,272    -   1,606    -     970       39,367 
Gold stock                                                   11,044     +       1     +       1        11,045 
Special drawing rights certificate account                    2,200             0             0         2,200 
Treasury currency outstanding (5)                            36,476     +      14     +   1,008        36,476 
                                                              
Total factors supplying reserve funds                       840,340     +   6,162     +  45,061       840,446 
                                                                          
Currency in circulation(5)                                  756,941     +   3,283     +  33,235       758,397 
Reverse repurchase agreements (6)                            30,132     +   2,058     +   8,497        29,938 
   Foreign official and international accounts               30,132     +   2,058     +   8,497        29,938 
   Dealers                                                        0             0             0             0 
Treasury cash holdings                                          268     +       4     -      51           270 
Deposits with F.R.Banks, other than reserve balances         14,971     -     291     -   3,421        16,066 
  U.S. Treasury, general account                              4,631     -     502     -   1,219         5,734 
  Foreign official                                               80     -      17     -      19            87 
  Service-related                                            10,023     +     261     -   2,102        10,023 
     Required clearing balances                              10,023     +     261     -   1,823        10,023 
     Adjustments to compensate for float                          0             0     -     278             0 
  Other                                                         237     -      33     -      82           221 
Other liabilities and capital                                26,619     +     479     +   6,030        26,526 
                                                              
Total factors, other than reserve balances,                                                       
   absorbing reserve funds                                  828,931     +   5,533     +  44,290       831,197 
                                                              
Reserve balances with Federal Reserve Banks                  11,409     +     630     +     772         9,249 
                                                                          
                                                              
Memo (off-balance-sheet items):                               
  Marketable securities held in custody for foreign           
         official and international accounts(2,7)         1,335,780     +   5,683     + 269,038     1,340,321 
     U.S. Treasury                                        1,062,209     +   2,584     + 206,337     1,063,222 
     Federal agency                                         273,571     +   3,099     +  62,702       277,099 
  Securities lent to dealers                                  2,050     -   1,303     -   1,036         5,782 
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
Dec 29, 2004
Wednesday
Dec 22, 2004
Wednesday
Dec 31, 2003
Assets                                               
Gold certificate account                                         11,041         +       2         +       2 
Special drawing rights certificate account                        2,200                 0                 0 
Coin                                                                717         -       5         -       5 
Securities, repurchase agreements, and loans                    750,870         +   1,109         +  40,393 
   Securities held outright                                     717,813         +     131         +  51,148 
      U.S. Treasury (1)                                         717,813         +     131         +  51,148 
         Bills (2)                                              262,970         +     109         +  18,137 
         Notes and bonds, nominal (2)                           436,429                 0         +  30,256 
         Notes and bonds, inflation-indexed (2)                    16,108                 0         +   2,114 
         Inflation compensation (3)                               2,306         +      22         +     641 
      Federal agency (2)                                              0                 0                 0 
   Repurchase agreements (4)                                     33,000         +   1,000         -  10,750 
   Loans                                                             57         -      22         -       5 
Items in process of collection                    (1,018)         6,104         -   1,994         -   1,689 
Bank premises                                                     1,787         +      14         +     159 
Other assets (5)                                                 39,759         +     495         +   1,173 
      Total assets                                (1,018)       812,478         -     381         +  40,034 
                                                     
Liabilities                                          
Federal Reserve notes net of FR Bank holdings                  722,904         +     987         +  33,147 
Reverse repurchase agreements (6)                                29,938         +   1,882         +   4,286 
Deposits                                              (0)        27,476         -   2,330         -   2,184 
  Depository institutions                                        21,433         -   3,973         -   1,625 
  U.S. Treasury, general account                                  5,734         +   1,687         +      11 
  Foreign official                                                   87         -       1         -      75 
  Other                                               (0)           221         -      43         -     496 
Deferred availability cash items                  (1,018)         5,634         -   1,339         -   1,948 
Other liabilities and accrued dividends (7)                       3,193         +      54         +   1,093 
      Total liabilities                           (1,018)       789,145         -     747         +  34,395 
                                                     
Capital Accounts                                     
Capital paid in                                                  11,641         +       3         +   2,794 
Surplus                                                           8,847                 0                 0 
Other capital accounts                                            2,845         +     363         +   2,845 
      Total capital                                              23,333         +     366         +   5,639 
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, December 29, 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              57        54,111    -     296             0            0        33,000        29,938
16 days to 90 days           0       154,406    +     462             0            0             0             0
91 days to 1 year            0       170,856    -      57             0            0      ------       ------   
Over 1 to 5 years     ------         208,306    +       8             0            0      ------       ------   
Over 5 to 10 years    ------          54,371    +       7             0            0      ------       ------   
Over 10 years         ------          75,763    +       8             0            0      ------       ------   
           
All                         57       717,813    +     131             0            0        33,000       29,938 
 
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 December 29, 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                                             717          18          42          55          51          61          84         110          35          21          47          91         104 
Securities, repurchase agreements,                                 
      and loans                              750,870      33,710     344,253      21,357      30,672      54,557      48,414      64,677      21,089      15,668      18,866      32,729      64,877 
   Securities held outright                  717,813      33,707     311,253      21,350      30,672      54,557      48,407      64,659      21,089      15,656      18,863      32,729      64,871 
      U.S. Treasury (1)                      717,813      33,707     311,253      21,350      30,672      54,557      48,407      64,659      21,089      15,656      18,863      32,729      64,871 
         Bills (2)                           262,970      12,348     114,027       7,821      11,237      19,987      17,734      23,688       7,726       5,736       6,910      11,990      23,765 
         Notes and bonds(3)                  454,843      21,358     197,226      13,528      19,436      34,570      30,673      40,972      13,363       9,921      11,952      20,739      41,105 
         Federal agency (2)                        0           0           0           0           0           0           0           0           0           0           0           0           0 
      Repurchase agreements(4)                33,000           0      33,000           0           0           0           0           0           0           0           0           0           0 
      Loans                                       57           3           0           8           0           0           7          17           0          12           3           1           6 
Items in process of collection                 7,122         358         354         343         507         264         629         491         405         455         614         362       2,341 
Bank premises                                  1,787          99         196          53         156         144         277         159          66         123          82         253         179 
Other assets(5)                               39,759       1,811      14,137       1,159       2,483       6,320       2,267       3,615       1,042       1,187         812         990       3,937 
Interdistrict settlement account                   0     + 3,840     -27,822     + 3,994     -   284     +   674     + 9,555     +   701     + 1,640     -   971     + 1,879     + 1,572     + 5,223 
          Total Assets                       813,496      40,446     336,684      27,426      34,141      62,985      62,286      70,887      24,672      16,731      22,668      36,619      77,950 
 
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 December 29, 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             848,985      38,293     337,298      32,638      34,576      65,117      73,178      72,795      25,039      16,418      24,511      41,104      88,017 
  Less: notes held by F.R. Banks              126,081       3,976      34,805       7,908       5,228      11,962      16,791       8,811       2,704       1,924       4,347       7,277      20,346 
    Federal Reserve notes, net                722,904      34,317     302,493      24,730      29,348      53,155      56,387      63,984      22,335      14,494      20,164      33,827      67,671 
Reverse repurchase agreements (1)              29,938       1,406      12,982         890       1,279       2,275       2,019       2,697         880         653         787       1,365       2,706 
Deposits                                       27,476       1,487      12,442         654       1,287       2,405       1,772       1,728         675         370         835         726       3,095 
  Depository institutions                      21,433       1,483       6,465         652       1,283       2,366       1,770       1,724         672         369         832         725       3,092 
  U.S. Treasury, general account                5,734           0       5,734           0           0           0           0           0           0           0           0           0           0 
  Foreign official                                 87           2          64           1           2           7           2           3           1           1           1           0           4 
  Other                                           221           2         179           0           2          31           0           1           2           0           2           1           0 
Deferred availability cash items                6,651         513         587         430         447         459         798         442         174         500         454         257       1,589 
Other liabilities and accrued                                                 
  dividends (2)                                 3,193         201       1,073         117         161         341         242         300         125         100         107         157         270 
                                                                    
    Total liabilities                         790,163      37,923     329,577      26,822      32,522      58,636      61,218      69,150      24,188      16,117      22,346      36,333      75,331 
                                                                    
Capital                                                             
Capital paid in                                11,641       1,638       3,430         294         795       2,148         516         764         236         254         149         135       1,283 
Surplus                                         8,847         448       2,031         259         727       2,074         489         924         228         346         162         111       1,048 
Other capital                                   2,845         436       1,647          51          97         127          64          50          20          14          10          40         288 
     Total liabilities and capital            813,496      40,446     336,684      27,426      34,141      62,985      62,286      70,887      24,672      16,731      22,668      36,619      77,950 
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
Dec 29, 2004
Federal Reserve notes outstanding          848,985  
   Less: Notes held by F.R. Banks         
         not subject to collateralization   126,081  
      Federal Reserve Notes to be         
         collateralized                    722,904  
Collateral held against Federal Reserve             
   notes                                   722,904  
   Gold certificate account                 11,041  
   Special drawing rights                 
     certificate account                     2,200  
   U.S. Treasury and agency securities    
     pledged (1)                           709,664  
   Other assets pledged                          0  
                                          
Memo:                                     
Total U.S. Treasury and agency            
       securities (1)                      750,813  
   Less:face value of securities under    
         reverse repurchase agreements      29,952  
      U.S. Treasury and agency securities  
             eligible to be pledged        720,861  
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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