Federal Reserve Statistical Release, H.4.1, Factors Affecting Reserve Balances; title with eagle logo links to Statistical Release home page
Release Date:  March 13, 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
March 13, 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
Mar 12, 2008
Week ended
Mar 12, 2008
Change from week ended
Mar 5, 2008 Mar 14, 2007
                                                              
Reserve Bank Credit                                         869,162     -   4,151     +  17,583       881,658 
 Securities held outright                                   709,133     -   4,232     -  71,700       703,436 
    U.S. Treasury (1)                                       709,133     -   4,232     -  71,700       703,436 
       Bills (2)                                            196,074     -   4,286     -  80,945       190,360 
       Notes and bonds, nominal (2)                         470,010             0     +   1,457       470,010 
       Notes and bonds, inflation-indexed (2)                38,437             0     +   6,661        38,437 
       Inflation compensation (3)                             4,612     +      53     +   1,127         4,629 
    Federal agency (2)                                            0             0             0             0 
 Repurchase agreements(4)                                    58,714     -     643     +  25,928        77,000 
 Term auction credit                                         60,000             0     +  60,000        60,000 
 Other loans                                                    103     -     255     +      50            27 
    Primary credit                                               99     -     256     +      94            23 
    Secondary credit                                              0             0     -      21             0 
    Seasonal credit                                               3             0     -      25             5 
 Float                                                      -1,160    +     214    -     433       -1,510 
 Other Federal Reserve assets                                42,373     +     766     +   3,739        42,704 
Gold stock                                                   11,041             0             0        11,041 
Special drawing rights certificate account                    2,200             0             0         2,200 
Treasury currency outstanding (5)                            38,750     +      14     +     419        38,750 
                                                              
Total factors supplying reserve funds                       921,154     -   4,136     +  18,003       933,649 
                                                                          
Currency in circulation(5)                                  816,924     +     968     +  10,218       818,415 
Reverse repurchase agreements (6)                            40,021     -   3,117     +   2,683        40,197 
   Foreign official and international accounts               40,021     -   3,117     +   2,683        40,197 
   Dealers                                                        0             0             0             0 
Treasury cash holdings                                          261     +       1     +      42           270 
Deposits with F.R.Banks, other than reserve balances         12,229     +     244     +     109        12,356 
  U.S. Treasury, general account                              5,076     +     209     +      38         5,249 
  Foreign official                                               98     +       1     -      18            96 
  Service-related                                             6,750             0     +      61         6,750 
     Required clearing balances                               6,750             0     +      61         6,750 
     Adjustments to compensate for float                          0             0             0             0 
  Other                                                         306     +      35     +      28           260 
Other liabilities and capital                                44,443     +      47     +   5,737        44,030 
                                                              
Total factors, other than reserve balances,                                                       
   absorbing reserve funds                                  913,879     -   1,856     +  18,789       915,267 
                                                              
Reserve balances with Federal Reserve Banks                   7,274     -   2,282     -     788        18,382 
                                                                          
                                                              
Memo (off-balance-sheet items):                               
  Marketable securities held in custody for foreign           
         official and international accounts(2,7)         2,151,216     +   1,204     + 291,443     2,162,203 
     U.S. Treasury                                        1,277,697     -   2,930     +  63,967     1,282,820 
     Federal agency                                         873,519     +   4,134     + 227,476       879,383 
  Securities lent to dealers                                 11,639     -   7,381     +   9,366        11,705 
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
Mar 12, 2008
Wednesday
Mar 5, 2008
Wednesday
Mar 14, 2007
Assets                                                    
Gold certificate account                                         11,037                 0                 0 
Special drawing rights certificate account                        2,200                 0                 0 
Coin                                                              1,324         -      27         +     372 
Securities, repurchase agreements, term auction           
      credit, and other loans                                   840,464         +  14,789         +  16,595 
   Securities held outright                                     703,436         -   9,952         -  77,406 
      U.S. Treasury (1)                                         703,436         -   9,952         -  77,406 
         Bills (2)                                              190,360         -  10,000         -  86,659 
         Notes and bonds, nominal (2)                           470,010                 0         +   1,457 
         Notes and bonds, inflation-indexed (2)                  38,437                 0         +   6,661 
         Inflation compensation (3)                               4,629         +      48         +   1,135 
      Federal agency (2)                                              0                 0                 0 
   Repurchase agreements (4)                                     77,000         +  24,750         +  34,000 
   Term auction credit                                           60,000                 0         +  60,000 
   Other loans                                                       27         -      10                 0 
Items in process of collection                      (525)         1,354         -     361         -   1,636 
Bank premises                                                     2,138         -       2         +     169 
Other assets (5)                                                 40,441         +     857         +   3,472 
      Total assets                                  (525)       898,956         +  15,254         +  18,970 
                                                          
Liabilities                                               
Federal Reserve notes, net of FR Bank holdings                  781,254         +     485         +  10,509 
Reverse repurchase agreements (6)                                40,197         -     615         +     470 
Deposits                                              (0)        30,612         +  15,717         +   3,424 
  Depository institutions                                        25,006         +  15,277         +   3,260 
  U.S. Treasury, general account                                  5,249         +     455         +     136 
  Foreign official                                                   96         -       2         +       6 
  Other                                               (0)           260         -      15         +      20 
Deferred availability cash items                    (525)         2,864         -     396         -   1,092 
Other liabilities and accrued dividends (7)                       4,365         -      50         -   1,439 
      Total liabilities                             (525)       859,292         +  15,141         +  11,872 
                                                          
Capital Accounts                                          
Capital paid in                                                  19,474         +      13         +   3,651 
Surplus                                                          18,458                 0         +   3,119 
Other capital accounts                                            1,733         +     101         +     329 
      Total capital                                              39,665         +     114         +   7,099 
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, March 12, 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           60,000            23        34,413     -   4,460        47,000        40,197  
16 days to 90 days            0             5       122,887     -   3,858        30,000             0  
91 days to 1 year      ------               0       131,959     -   1,680      ------       ------     
Over 1 to 5 years      ------        ------         231,014     +      14      ------       ------     
Over 5 to 10 years     ------        ------          88,956     +      11      ------       ------     
Over 10 years          ------        ------          94,207     +      20      ------       ------     
          
All                      60,000            27       703,436     -   9,952        77,000        40,197  
 
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 March 12, 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                                           1,324          43          66         109         123         153         158         154          56          58          82         137         186 
Securities, repurchase agreements, term                            
      auction credit, and other loans        840,464      36,977     324,274      34,527      32,438      68,327      75,594      68,182      26,024      18,632      25,264      35,540      94,686 
   Securities held outright                  703,436      32,418     254,712      31,120      28,787      60,947      65,242      59,002      22,482      14,035      22,771      30,907      81,012 
      U.S. Treasury (1)                      703,436      32,418     254,712      31,120      28,787      60,947      65,242      59,002      22,482      14,035      22,771      30,907      81,012 
         Bills (2)                           190,360       8,773      68,929       8,422       7,790      16,493      17,655      15,967       6,084       3,798       6,162       8,364      21,923 
         Notes and bonds(3)                  513,076      23,646     185,783      22,699      20,997      44,454      47,587      43,035      16,398      10,237      16,609      22,543      59,089 
         Federal agency (2)                        0           0           0           0           0           0           0           0           0           0           0           0           0 
      Repurchase agreements(4)                77,000       3,549      27,881       3,407       3,151       6,671       7,142       6,459       2,461       1,536       2,493       3,383       8,868 
      Term auction credit                     60,000       1,010      41,677           0         500         708       3,210       2,720       1,080      3,057           0       1,250       4,788  
      Other loans                                 27           0           3           0           0           0           0           2           0           3           1           0          18 
Items in process of collection                 1,878          64          20         209         262          47         179         193          82         138         252         122         309 
Bank premises                                  2,138         119         214          65         152         186         229         204         118         112         276         255         208 
Other assets(5)                               40,441       2,062      12,494       3,179       2,345       8,048       3,270       2,262         712         774         741       1,129       3,426 
Interdistrict settlement account                   0     -   784     -17,460     + 1,986     + 2,099     + 3,746     + 6,754     + 6,579     + 2,956     - 1,477     + 4,966     - 2,078     - 7,287 
          Total Assets                       899,481      39,045     324,535      40,611      37,950      81,523      87,468      78,689      30,345      18,470      31,981      35,816      93,047 
 
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 March 12, 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             993,566      39,154     344,025      41,797      39,583      79,496     113,579      85,492      32,423      18,870      32,758      56,404     109,983 
  Less: notes held by F.R. Banks              212,312       6,295      62,262       8,545       8,453      14,639      35,006      14,626       4,375       2,903       3,291      24,715      27,202 
    Federal Reserve notes, net                781,254      32,859     281,763      33,252      31,130      64,856      78,573      70,866      28,049      15,967      29,468      31,689      82,782 
Reverse repurchase agreements (1)              40,197       1,852      14,555       1,778       1,645       3,483       3,728       3,372       1,285         802       1,301       1,766       4,629 
Deposits                                       30,612       1,759      16,704       1,152       1,739       1,900       1,486       1,462         388         567         412       1,157       1,888 
  Depository institutions                      25,006       1,745      11,211       1,143       1,735       1,838       1,482       1,460         374         567         411       1,156       1,885 
  U.S. Treasury, general account                5,249           0       5,249           0           0           0           0           0           0           0           0           0           0 
  Foreign official                                 96           2          66           4           3          11           3           2           0           1           0           1           3 
  Other                                           260          13         177           4           1          51           0           0          13           0           1           0           0 
Deferred availability cash items                3,388         168          54         527         546         259         277         286          60         276         227         233         476 
Other liabilities and accrued                                                 
  dividends (2)                                 4,365         203       1,356         212         218         512         413         368         177         123         160         212         413 
                                                                    
    Total liabilities                         859,816      36,842     314,431      36,920      35,278      71,010      84,476      76,354      29,958      17,735      31,568      35,056      90,188 
                                                                    
Capital                                                             
Capital paid in                                19,474       1,076       4,897       1,813       1,310       5,188       1,455       1,257         182         357         198         361       1,379 
Surplus                                        18,458       1,049       4,624       1,813       1,291       4,997       1,426         815         180         355         194         364       1,350 
Other capital                                   1,733          78         581          65          72         328         111         264          26          23          21          35         130 
     Total liabilities and capital            899,481      39,045     324,535      40,611      37,950      81,523      87,468      78,689      30,345      18,470      31,981      35,816      93,047 
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
Mar 12, 2008
Federal Reserve notes outstanding          993,566  
   Less: Notes held by F.R. Banks         
         not subject to collateralization   212,312  
      Federal Reserve notes to be         
         collateralized                    781,254  
Collateral held against Federal Reserve             
   notes                                   781,254  
   Gold certificate account                 11,037  
   Special drawing rights                 
     certificate account                     2,200  
   U.S. Treasury and agency securities    
     pledged (1)                           740,204  
   Other assets pledged                     27,813  
                                          
Memo:                                     
Total U.S. Treasury and agency            
       securities (1)                      780,436  
   Less:face value of securities under    
         reverse repurchase agreements      40,232  
      U.S. Treasury and agency securities  
             eligible to be pledged        740,204  
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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