Federal Reserve Statistical Release, H.4.1, Factors Affecting Reserve Balances; title with eagle logo links to Statistical Release home page
Release Date:  January 03, 2008
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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
January 3, 2008
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
Jan 2, 2008
Week ended
Jan 2, 2008
Change from week ended
Dec 26, 2007 Jan 3, 2007
                                                              
Reserve Bank Credit                                         891,743     +  18,231     +  32,341       908,003 
 Securities held outright                                   740,611     -  13,994     -  38,305       740,627 
    U.S. Treasury (1)                                       740,611     -  13,994     -  38,305       740,627 
       Bills (2)                                            227,841     -  14,015     -  49,178       227,841 
       Notes and bonds, nominal (2)                         470,984             0     +   3,120       470,984 
       Notes and bonds, inflation-indexed (2)                36,911             0     +   6,806        36,911 
       Inflation compensation (3)                             4,876     +      21     +     948         4,892 
    Federal agency (2)                                            0             0             0             0 
 Repurchase agreements(4)                                    39,750     +     214     -   1,107        56,750 
 Term auction credit                                         40,000     +  20,000     +  40,000        40,000 
 Other loans                                                  5,787     +     959     +   5,554         4,923 
    Primary credit                                            5,770     +     968     +   5,590         4,918 
    Secondary credit                                              0             0             0             0 
    Seasonal credit                                              16     -      10     -      38             5 
 Float                                                      -1,017    -     115    -     807       -1,047 
 Other Federal Reserve assets                                66,612     +  11,167     +  27,007        66,750 
Gold stock                                                   11,041             0             0        11,041 
Special drawing rights certificate account                    2,200             0             0         2,200 
Treasury currency outstanding (5)                            38,821     +      14     +     615        38,821 
                                                              
Total factors supplying reserve funds                       943,805     +  18,245     +  32,957       960,065 
                                                                          
Currency in circulation(5)                                  829,215     +   3,593     +   9,412       829,078 
Reverse repurchase agreements (6)                            41,873     +   2,753     +  12,328        40,909 
   Foreign official and international accounts               41,873     +   2,753     +  12,328        40,909 
   Dealers                                                        0             0             0             0 
Treasury cash holdings                                          259     +      11     +       6           263 
Deposits with F.R.Banks, other than reserve balances         16,106     +   4,200     +   3,373        14,291 
  U.S. Treasury, general account                              8,693     +   3,783     +   3,666         7,277 
  Foreign official                                               97             0     +       3            98 
  Service-related                                             6,615             0     -     242         6,615 
     Required clearing balances                               6,615             0     -     227         6,615 
     Adjustments to compensate for float                          0             0     -      14             0 
  Other                                                         701     +     418     -      54           302 
Other liabilities and capital                                43,209     +     410     +   6,897        42,466 
                                                              
Total factors, other than reserve balances,                                                       
   absorbing reserve funds                                  930,663     +  10,969     +  32,017       927,007 
                                                              
Reserve balances with Federal Reserve Banks                  13,141     +   7,276     +     939        33,058 
                                                                          
                                                              
Memo (off-balance-sheet items):                               
  Marketable securities held in custody for foreign           
         official and international accounts(2,7)         2,060,887     +   4,476     + 297,857     2,063,762 
     U.S. Treasury                                        1,230,841     +   4,657     +  68,552     1,233,372 
     Federal agency                                         830,046     -     181     + 229,305       830,390 
  Securities lent to dealers                                 16,504     +   2,374     +   9,157        18,110 
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
Jan 2, 2008
Wednesday
Dec 26, 2007
Wednesday
Jan 3, 2007
Assets                                                    
Gold certificate account                                         11,037                 0                 0 
Special drawing rights certificate account                        2,200                 0                 0 
Coin                                                              1,169         -       4         +     372 
Securities, repurchase agreements, term auction           
      credit, and other loans                                   842,300         +  20,653         +  22,379 
   Securities held outright                                     740,627         -  13,985         -  38,283 
      U.S. Treasury (1)                                         740,627         -  13,985         -  38,283 
         Bills (2)                                              227,841         -  14,015         -  49,178 
         Notes and bonds, nominal (2)                           470,984                 0         +   3,120 
         Notes and bonds, inflation-indexed (2)                  36,911                 0         +   6,806 
         Inflation compensation (3)                               4,892         +      30         +     970 
      Federal agency (2)                                              0                 0                 0 
   Repurchase agreements (4)                                     56,750         +  14,250         +  17,000 
   Term auction credit                                           40,000         +  20,000         +  40,000 
   Other loans                                                    4,923         +     388         +   3,661 
Items in process of collection                      (871)         2,150         +     269         -   3,322 
Bank premises                                                     2,134         +       6         +     189 
Other assets (5)                                                 64,711         +  10,959         +  27,559 
      Total assets                                  (871)       925,701         +  31,883         +  47,177 
                                                          
Liabilities                                               
Federal Reserve notes, net of FR Bank holdings                  791,684         -     117         +  10,337 
Reverse repurchase agreements (6)                                40,909         +     367         +  11,167 
Deposits                                             (-6)        47,444         +  31,086         +  20,915 
  Depository institutions                                        39,769         +  28,330         +  19,725 
  U.S. Treasury, general account                                  7,277         +   2,748         +   1,121 
  Foreign official                                                   98         +       1         +       8 
  Other                                              (-6)           302         +       9         +      63 
Deferred availability cash items                    (878)         3,197         +     981         -   1,643 
Other liabilities and accrued dividends (7)                       5,249         -     540         -     212 
      Total liabilities                             (871)       888,484         +  31,778         +  40,564 
                                                          
Capital Accounts                                          
Capital paid in                                                  18,446         +      93         +   3,118 
Surplus                                                          18,302         +   2,840         +   3,273 
Other capital accounts                                              470         -   2,827         +     222 
      Total capital                                              37,217         +     105         +   6,613 
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 Term Auction Credit, Other Loans and Securities, January 2, 2008
Millions of dollars
  U.S. Treasury
securities (1)
 

Remaining maturity
Term auction
credit
Other
loans

Holdings
Weekly
changes

Repurchase
agreements(2)
Reverse
repurchase
agreements(2)
Within 15 days           20,000         4,918        39,862     -   6,196        56,750        40,909  
16 days to 90 days       20,000             5       143,717     -   3,068             0             0  
91 days to 1 year      ------               0       150,526     -   7,088      ------       ------     
Over 1 to 5 years      ------        ------         235,751     +   2,349      ------       ------     
Over 5 to 10 years     ------        ------          81,950     +       5      ------       ------     
Over 10 years          ------        ------          88,821     +      12      ------       ------     
          
All                      40,000         4,923       740,627     -  13,985        56,750        40,909  
 
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.
 

 

 

4. Statement of Condition of Each Federal Reserve Bank on January 2, 2008
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                      11,037         449       4,053         455         428         869       1,117         903         326         203         335         613       1,286 
Special drawing rights certificate acct.       2,200         115         874          83         104         147         166         212          71          30          66          98         234 
Coin                                           1,169          36          54          88         112         134         151         137          50          45          72         129         163 
Securities, repurchase agreements, term                            
      auction credit, and other loans        842,300      36,748     327,448      35,276      32,643      69,865      73,980      67,964      26,535      15,909      25,937      36,434      93,559 
   Securities held outright                  740,627      34,132     268,179      32,766      30,309      64,170      68,692      62,121      23,671      14,777      23,975      32,541      85,295 
      U.S. Treasury (1)                      740,627      34,132     268,179      32,766      30,309      64,170      68,692      62,121      23,671      14,777      23,975      32,541      85,295 
         Bills (2)                           227,841      10,500      82,500      10,080       9,324      19,741      21,132      19,111       7,282       4,546       7,375      10,011      26,239 
         Notes and bonds(3)                  512,787      23,632     185,679      22,686      20,985      44,429      47,560      43,011      16,389      10,231      16,599      22,530      59,056 
         Federal agency (2)                        0           0           0           0           0           0           0           0           0           0           0           0           0 
      Repurchase agreements(4)                56,750       2,615      20,549       2,511       2,322       4,917       5,263       4,760       1,814       1,132       1,837       2,493       6,536 
      Term auction credit                     40,000           0      33,957           0          12         775          25       1,080       1,050          0           0       1,400       1,701  
      Other loans                              4,923           0       4,763           0           0           4           0           3           0           0         125           0          28 
Items in process of collection                 3,021         177          78         216         409         124         293         282          67         189         450         192         544 
Bank premises                                  2,134         120         214          64         153         182         230         205         115         113         269         256         214 
Other assets(5)                               64,711       1,953      18,328       6,374       4,073      14,233       5,449       3,958       1,041       1,185       1,074       1,359       5,684 
Interdistrict settlement account                   0     +   683     -23,300     + 2,384     + 1,227     + 4,849     -    84     + 9,056     + 3,641     + 2,156     + 4,922     - 2,519     - 3,016 
          Total Assets                       926,573      40,281     327,749      44,941      39,149      90,404      81,301      82,716      31,846      19,830      33,124      36,563      98,668 
 
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 January 2, 2008
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           1,009,663      39,260     355,946      42,019      39,613      81,315     107,785      86,964      33,282      19,395      33,682      57,456     112,947 
  Less: notes held by F.R. Banks              217,979       5,806      74,330       7,578       7,214      13,729      35,607      13,533       3,785       2,792       3,236      24,791      25,577 
    Federal Reserve notes, net                791,684      33,455     281,615      34,440      32,399      67,586      72,177      73,431      29,497      16,603      30,446      32,666      87,369 
Reverse repurchase agreements (1)              40,909       1,885      14,813       1,810       1,674       3,544       3,794       3,431       1,308         816       1,324       1,797       4,711 
Deposits                                       47,438       2,531      19,784       4,207       1,813       8,298       1,601       3,351         442       1,198         451         847       2,916 
  Depository institutions                      39,769       2,456      12,276       4,202       1,810       8,237       1,597       3,348         431       1,198         449         846       2,919 
  U.S. Treasury, general account                7,277           0       7,277           0           0           0           0           0           0           0           0           0           0 
  Foreign official                                 98           1          67           5           3          11           3           2           0           1           0           1           3 
  Other                                           296          74         165           0           0          50           0           0          10           0           1           0          -6 
Deferred availability cash items                4,074         193         102         601         503         386         377         432          38         363         333         274         472 
Other liabilities and accrued                                                 
  dividends (2)                                 5,249         215       2,031         212         229         503         467         404         193         131         174         237         452 
                                                                    
    Total liabilities                         889,356      38,279     318,346      41,271      36,618      80,317      78,417      81,050      31,476      19,112      32,728      35,822      95,920 
                                                                    
Capital                                                             
Capital paid in                                18,446       1,049       4,619       1,813       1,291       4,996       1,421         814         180         355         194         363       1,350 
Surplus                                        18,302         953       4,619       1,813       1,240       4,996       1,421         818         180         355         194         363       1,350 
Other capital                                     470           0         166          44           0          95          43          34          10           9           9          14          47 
     Total liabilities and capital            926,573      40,281     327,749      44,941      39,149      90,404      81,301      82,716      31,846      19,830      33,124      36,563      98,668 
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
Jan 2, 2008
Federal Reserve notes outstanding        1,009,663  
   Less: Notes held by F.R. Banks         
         not subject to collateralization   217,979  
      Federal Reserve notes to be         
         collateralized                    791,684  
Collateral held against Federal Reserve             
   notes                                   791,684  
   Gold certificate account                 11,037  
   Special drawing rights                 
     certificate account                     2,200  
   U.S. Treasury and agency securities    
     pledged (1)                           756,409  
   Other assets pledged                     22,039  
                                          
Memo:                                     
Total U.S. Treasury and agency            
       securities (1)                      797,377  
   Less:face value of securities under    
         reverse repurchase agreements      40,968  
      U.S. Treasury and agency securities  
             eligible to be pledged        756,409  
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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