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This page provides additional information about data in the Board of Governors' statistical release on factors affecting reserve balances (H.4.1). Most of the information is of a technical nature and represents answers to questions that may be of interest to a range of analysts and researchers. The page will be updated as such questions arise.

Documentation for the data in the H.4.1 release is available on the About page on the Board's website.

What changes were made to the H.4.1 statistical release on April 18, 2013?

The formats for tables 1, 8, and 9 have been modified to separately present the amounts of "Unamortized premiums on securities held outright," "Unamortized discounts on securities held outright," and "Foreign currency denominated assets." "Unamortized premiums on securities held outright" and "Foreign currency denominated assets" were previously included in "Other Federal Reserve assets" (table 1) and "Other assets" (tables 8 and 9). "Unamortized discounts on securities held outright" was previously included in "Other liabilities and capital" (table 1) and "Other liabilities and accrued dividends" (tables 8 and 9).

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Which line items on the H.4.1 statistical release were added or revised by these changes?

In tables 1, 8, and 9, the following items were added: "Unamortized premiums on securities held outright," "Unamortized discounts on securities held outright," and "Foreign currency denominated assets." In table 1, the following items were revised: "Reserve Bank credit"; "Other Federal Reserve assets"; "Total factors supplying reserve funds"; "Other liabilities and capital"; and "Total factors, other than reserve balances, absorbing reserve funds."

In tables 8 and 9, the following items were revised: "Securities, unamortized premiums and discounts, repurchase agreements, and loans"; "Other assets"; "Total assets"; "Other liabilities and accrued dividends"; and "Total liabilities."

In table 9, the following item was revised: "Total liabilities and capital."

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On what date did the changes take effect?

The updated H.4.1 format was effective for the April 18, 2013, H.4.1 statistical release.

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Are the previously published H.4.1 releases being updated to include these recent changes?

No. All releases prior to the April 18, 2013, release will remain in their original form. However, the historical data which can be accessed via the Data Download Program (DDP) has been updated to reflect these new changes.

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How can I reconstruct the old line items?

Below are formulas you can use to recreate the old line items on tables 1, 8, and 9.

Table 1

Reserve Bank Credit (old) = Reserve Bank Credit (new) - Unamortized discounts on securities held outright + Foreign currency denominated assets

Other Federal Reserve assets (old) = Other Federal Reserve assets (new) + Unamortized premiums on securities held outright + Foreign currency denominated assets

Total factors supplying reserve funds (old) = Total factors supplying reserve funds (new) - Unamortized discounts on securities held outright

Other liabilities and capital (old) = Other liabilities and capital (new) - Unamortized discounts on securities held outright

Total factors, other than reserve balances, absorbing reserve funds (old) = Total factors, other than reserve balances, absorbing reserve funds (new) - Unamortized discounts on securities held outright

Securities, repurchase agreements, and loans (old) = Securities, unamortized premiums and discounts, repurchase agreements, and loans (new) - Unamortized premiums on securities held outright - Unamortized discounts on securities held outright

Other assets (old) = Other assets (new) + Unamortized premiums on securities held outright + Foreign currency denominated assets

Total assets (old) = Total assets (new) - Unamortized discounts on securities held outright

Other liabilities and accrued dividends (old) = Other liabilities and accrued dividends (new) - Unamortized discounts on securities held outright

Total liabilities (old) = Total liabilities (new) - Unamortized discounts on securities held outright

Table 9 only

Total liabilities and capital (old) = Total liabilities and capital (new) - Unamortized discounts on securities held outright

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Where can I go to find historical data that incorporates these new and revised line items?

Historical data incorporating these new and revised line items can be accessed through the Data Download Program (DDP) at http://www.federalreserve.gov/datadownload/Choose.aspx?rel=H41

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