Federal Reserve Statistical Release, H.4.1, Factors Affecting Reserve Balances; title with eagle logo links to Statistical Release home page
Release Date:  April 10, 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
April 10, 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
Apr 9, 2008
Week ended
Apr 9, 2008
Change from week ended
Apr 2, 2008 Apr 11, 2007
                                                              
Reserve Bank credit                                         866,836     -   8,741     +  17,406       877,436 
 Securities held outright                                   560,817     -  28,268     - 220,545       560,114 
    U.S. Treasury (1)                                       560,817     -  28,268     - 220,545       560,114 
       Bills (2)                                             81,828     -  11,157     - 195,191        81,828 
       Notes and bonds, nominal (2)                         435,765     -  17,144     -  33,197       435,051 
       Notes and bonds, inflation-indexed (2)                38,437             0     +   6,661        38,437 
       Inflation compensation (3)                             4,787     +      32     +   1,181         4,798 
    Federal agency (2)                                            0             0             0             0 
 Repurchase agreements (4)                                   99,179     +  21,679     +  70,572       120,000 
 Term auction credit                                        100,000             0     + 100,000       100,000 
 Other loans                                                 42,761     -   2,378     +  42,717        33,838 
    Primary credit                                           10,182     +   3,169     +  10,181         7,343 
    Secondary credit                                              0             0             0             0 
    Seasonal credit                                              17     +      10     -      26            16 
    Primary dealer credit facility                          32,562    -   5,556    +  32,562       26,479 
    Other credit extensions                                       0             0             0             0 
 Float                                                         -686     +     385     -     214        -1,657 
 Other Federal Reserve assets                                64,765     -     159     +  24,876        65,140 
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     +     368        38,750 
                                                              
Total factors supplying reserve funds                       918,827     -   8,727     +  17,774       929,426 
                                                                          
Currency in circulation (5)                                 815,160     -     469     +   6,944       815,943 
Reverse repurchase agreements (6)                            38,917     -   2,779     +   3,475        38,779 
   Foreign official and international accounts               38,917     +   1,043     +   3,475        38,779 
   Dealers                                                        0     -   3,821             0             0 
Treasury cash holdings                                          354     +      19     +      13           357 
Deposits with F.R. Banks, other than reserve balances        12,621     +      50     +     588        10,899 
  U.S. Treasury, general account                              5,127     -      31     +     455         3,437 
  Foreign official                                               98             0     +       6           100 
  Service-related                                             7,045     -       3     +      56         7,045 
     Required clearing balances                               7,045     -       3     +      56         7,045 
     Adjustments to compensate for float                          0             0             0             0 
  Other                                                         350     +      82     +      70           317 
Other liabilities and capital                                44,975     +      70     +   6,217        44,605 
                                                              
Total factors, other than reserve balances,                                                       
   absorbing reserve funds                                  912,026     -   3,110     +  17,236       910,582 
                                                              
Reserve balances with Federal Reserve Banks                   6,801     -   5,617     +     538        18,844 
                                                                          
                                                              
Memo (off-balance-sheet items):                               
  Marketable securities held in custody for foreign           
         official and international accounts (2,7)        2,218,557     +  12,466     + 307,140     2,226,745 
     U.S. Treasury                                        1,312,438     +  13,736     +  76,317     1,320,380 
     Federal agency                                         906,118     -   1,272     + 230,821       906,365 
  Securities lent to dealers                                109,705     +  24,099     + 108,679       112,164 
     Overnight facility (8)                                  13,276     -   8,045     +  12,250        12,164 
     Term facility (9)                            96,429     +  32,143     +  96,429       100,000 
Note: Components may not sum to totals because of rounding.
 

1. Includes securities lent to dealers under the overnight and term securities lending facilities.
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.
8. Fully collateralized by U.S. Treasury securities.
9. Fully collateralized by U.S. Treasury securities, federal agency securities, and highly rated
non-agency mortgage-backed securities.
 

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
Apr 9, 2008
Wednesday
Apr 2, 2008
Wednesday
Apr 11, 2007
Assets                                                    
Gold certificate account                                         11,037                 0                 0 
Special drawing rights certificate account                        2,200                 0                 0 
Coin                                                              1,356         +      16         +     393 
Securities, repurchase agreements, term auction           
      credit, and other loans                                   813,953         +  11,917         +   2,337 
   Securities held outright                                     560,114         -  21,126         - 222,702 
      U.S. Treasury (1)                                         560,114         -  21,126         - 222,702 
         Bills (2)                                               81,828         -  11,157         - 195,191 
         Notes and bonds, nominal (2)                           435,051         -   9,999         -  35,348 
         Notes and bonds, inflation-indexed (2)                  38,437                 0         +   6,661 
         Inflation compensation (3)                               4,798         +      29         +   1,176 
      Federal agency (2)                                              0                 0                 0 
   Repurchase agreements (4)                                    120,000         +  44,000         +  91,250 
   Term auction credit                                          100,000                 0         + 100,000 
   Other loans                                                   33,838         -  10,958         +  33,789 
Items in process of collection                      (580)         1,361         -   3,372         -   1,761 
Bank premises                                                     2,142         -       3         +     154 
Other assets (5)                                                 62,864         +     953         +  24,514 
      Total assets                                  (580)       894,912         +   9,511         +  25,637 
                                                          
Liabilities                                               
Federal Reserve notes, net of FR Bank holdings                  778,902         -     658         +   5,885 
Reverse repurchase agreements (6)                                38,779         -   2,282         +   4,645 
Deposits                                              (0)        29,609         +  11,769         +   9,856 
  Depository institutions                                        25,756         +  14,339         +  11,128 
  U.S. Treasury, general account                                  3,437         -   2,576         -   1,321 
  Foreign official                                                  100         +       2         +       7 
  Other                                               (0)           317         +       5         +      43 
Deferred availability cash items                    (580)         3,018         -     242         -     885 
Other liabilities and accrued dividends (7)                       3,992         +     258         -   1,867 
      Total liabilities                             (580)       854,300         +   8,845         +  17,634 
                                                          
Capital Accounts                                          
Capital paid in                                                  19,551         +       3         +   3,697 
Surplus                                                          18,471                 0         +   3,109 
Other capital accounts                                            2,590         +     663         +   1,197 
      Total capital                                              40,612         +     666         +   8,003 
Note: Components may not sum to totals because of rounding.
 

1. Includes securities lent to dealers under the overnight and term securities lending facilities; refer
to table 1, footnotes 8 and 9.
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, April 9, 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          100,000        27,087        26,342     -   3,935        85,000        38,779  
16 days to 90 days            0         6,751        54,594     -   7,222        35,000             0  
91 days to 1 year           ---             0        99,011     +       2           ---           ---  
Over 1 to 5 years           ---           ---       196,898     -   9,990           ---           ---  
Over 5 to 10 years          ---           ---        88,993     +       7           ---           ---  
Over 10 years               ---           ---        94,275     +      12           ---           ---  
          
All                     100,000        33,838       560,114     -  21,126       120,000        38,779  
 
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 April 9, 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                                           1,356          47          67         101         126         163         151         160          55          61          88         149         189 
Securities, repurchase agreements, term                            
      auction credit, and other loans        813,953      32,344     352,841      30,094      32,866      62,787      68,074      58,754      23,808      16,653      22,102      31,082      82,548 
   Securities held outright                  560,114      25,813     202,816      24,780      22,922      48,529      51,949      46,981      17,902      11,176      18,131      24,610      64,506 
      U.S. Treasury (1)                      560,114      25,813     202,816      24,780      22,922      48,529      51,949      46,981      17,902      11,176      18,131      24,610      64,506 
         Bills (2)                            81,828       3,771      29,630       3,620       3,349       7,090       7,589       6,864       2,615       1,633       2,649       3,595       9,424 
         Notes and bonds (3)                 478,286      22,042     173,186      21,160      19,573      41,440      44,360      40,117      15,286       9,543      15,483      21,014      55,082 
      Federal agency (2)                           0           0           0           0           0           0           0           0           0           0           0           0           0 
      Repurchase agreements (4)              120,000       5,530      43,452       5,309       4,911      10,397      11,130      10,065       3,835       2,394       3,885       5,272      13,820 
      Term auction credit                    100,000       1,000      73,443           0       5,034       3,860       4,995       1,480       2,069      3,082          80       1,200       3,759  
      Other loans                             33,838           0      33,131           6           0           0           0         229           2           1           6           0         463 
Items in process of collection                 1,941          63           0         283         226          60           8         198          21         142          73         142         724 
Bank premises                                  2,142         118         213          65         152         190         228         205         119         112         277         255         208 
Other assets (5)                              62,864       3,332      18,228       5,266       3,906      13,997       5,001       3,282         955       1,216         999       1,588       5,093 
Interdistrict settlement account                   0     + 2,557     -55,520     + 5,981     -   453     + 3,244     +14,031     +16,454     + 4,472     -   434     + 7,484     +   456     + 1,727 
          Total Assets                       895,493      39,026     320,757      42,327      37,355      81,457      88,776      80,169      29,827      17,984      31,423      34,382      92,009 
 
Note: Components may not sum to totals because of rounding.
 

1. Includes securities lent to dealers under the overnight and term securities lending facilities; refer to table 1, footnotes 8 and 9.
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 April 9, 2008 (continued)
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             986,521      38,589     340,247      41,532      39,265      78,751     115,062      84,822      31,970      18,654      32,474      56,188     108,968 
  Less: notes held by F.R. Banks              207,620       6,003      59,134       8,076       8,065      14,195      34,950      14,267       4,354       2,840       3,656      25,097      26,981 
    Federal Reserve notes, net                778,902      32,586     281,112      33,456      31,200      64,556      80,112      70,555      27,615      15,813      28,818      31,091      81,987 
Reverse repurchase agreements (1)              38,779       1,787      14,042       1,716       1,587       3,360       3,597       3,253       1,239         774       1,255       1,704       4,466 
Deposits                                       29,609       2,055      13,901       2,826       1,025       2,281       1,007       3,102         353         266         487         553       1,753 
  Depository institutions                      25,756       2,035      10,219       2,822       1,022       2,162       1,004       3,100         339         265         485         552       1,750 
  U.S. Treasury, general account                3,437           0       3,437           0           0           0           0           0           0           0           0           0           0 
  Foreign official                                100           2          70           4           3          11           3           2           0           1           0           1           3 
  Other                                           317          18         175           0           0         108           0           0          14           0           1           0           0 
Deferred availability cash items                3,598         184           0         445         637         283         328         332          66         276         298         183         565 
Other liabilities and accrued                                                 
  dividends (2)                                 3,992         171       1,376         185         194         470         388         306         153         110         132         178         330 
                                                                    
    Total liabilities                         854,881      36,783     310,430      38,628      34,644      70,950      85,432      77,548      29,427      17,239      30,990      33,709      89,102 
                                                                    
Capital                                                             
Capital paid in                                19,551       1,087       4,903       1,811       1,322       5,182       1,612       1,259         181         359         198         256       1,380 
Surplus                                        18,471       1,050       4,637       1,814       1,291       4,997       1,425         815         180         355         194         364       1,350 
Other capital                                   2,590         106         787          75          98         328         307         547          39          32          40          53         177 
     Total liabilities and capital            895,493      39,026     320,757      42,327      37,355      81,457      88,776      80,169      29,827      17,984      31,423      34,382      92,009 
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
Apr 9, 2008
Federal Reserve notes outstanding          986,521  
   Less: Notes held by F.R. Banks         
         not subject to collateralization   207,620  
      Federal Reserve notes to be         
         collateralized                    778,902  
Collateral held against Federal Reserve             
   notes                                   778,902  
   Gold certificate account                 11,037  
   Special drawing rights certificate     
     account                                 2,200  
   U.S. Treasury and agency securities    
     pledged (1)                           641,294  
   Other assets pledged                    124,371  
                                          
Memo:                                     
Total U.S. Treasury and agency            
       securities (1)                      680,114  
   Less: face value of securities under   
         reverse repurchase agreements      38,820  
      U.S. Treasury and agency securities  
             eligible to be pledged        641,294  
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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