Federal Reserve Statistical Release, H.4.1, Factors Affecting Reserve Balances; title with eagle logo links to Statistical Release home page

Release Date:  July 02, 1998

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These data are scheduled for release each Thursday. The exact time of each release will be announced, when
the information is available, on (202) 452-3206.
 

H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of F.R. Banks
July 2, 1998
Millions of dollars
  Averages of daily figures
    Change from week ended  
Reserve balances of depository institutions at
F.R. Banks, Reserve Bank credit, and related items
Week ended
Jul 1, 1998
Jun 24, 1998 Jul 2, 1997 Wednesday
Jul 1, 1998
Reserve Bank Credit  (1,2)                                  491,832     +  11,321     +  35,325       487,345 
  U.S. government securities                                         
    Bought outright-system account (3)                      440,584     -   1,314     +  30,738       440,522 
    Held under repurchase agreements                         14,953     +  10,809     +   3,301        11,606 
  Federal agency obligations                                         
    Bought outright                                             540     -      11     -     882           526 
    Held under repurchase agreements                          1,465     +     982     +     634           415 
  Acceptances                                                     0             0             0             0 
  Loans to depository institutions                            
                                                              
    Adjustment credit                                           194     +     188     -     231           516 
    Seasonal credit                                             188     +       9     -     116           197 
    Extended credit                                               0             0             0             0 
   Float                                                        490     -     848     -     118           784 
   Other F.R. assets                                         33,418     +   1,505     +   1,998        32,780 
Gold stock                                                  11,047    -       2    -       2       11,047 
Special drawing rights certificate account                    9,200             0             0         9,200 
Treasury currency outstanding                                25,970     +      14     +     634        25,970 
        Total factors supplying reserve funds               538,049     +  11,333     +  35,957       533,562 
                                                     
Currency in circulation*                                    482,322     +     999     +  28,778       485,096 
Treasury cash holdings*                                         204             0     -     140           204 
Deposits,other than reserve balances,with F.R.Banks                                
  Treasury                                                   18,717     +   5,948     +   6,140         7,866 
  Foreign                                                       172     +       8     -       5           166 
  Service-related balances and adjustments (4)                7,020     +      61     -     539         7,020 
  Other                                                         316     -      17     -       8           313 
Other F.R. liabilities and capital                           17,092     +     212     +   1,624        16,548 
        Total factors, other than reserve balances,    
        absorbing reserve funds                       
     525,844     +   7,212     +  35,851       517,213 
                                                              
Reserve balances with F.R. Banks  (5)                        12,205     +   4,121     +     105        16,349 
                                                                                  
On July 1, 1998, the face amount of marketable U.S. government securities held in custody by the
Federal Reserve Banks for foreign official and international accounts was 599,574 million, a change of
+$ 3,851 million for the week. The total includes the face value of U.S. Treasury strips and other zero
coupon bonds.
1 Net of $ 17,623 million daily average, matched sale-purchase transactions outstanding during the
latest statement week, of which a net of $ 17,623 million was with foreign official and international
accounts. Includes securities loaned--fully secured by U.S. government securities.
2 Net of $ 17,687 million matched sale-purchase transactions outstanding at the end of the latest
statement week, of which a net of $ 17,687 million was with foreign official and international
accounts. Includes $ 122 million securities loaned--fully secured U.S. government securities.
3 Includes $ 2,450 million of inflation-indexed securities valued at the original face amount and
$ 37 million of compensation that adjusts for the effects of inflation on the principal of such
securities.
4 Consists of required clearing balances of $ 6,573 million and adjustments of $ 447 million to
compensate for float.
5 Excludes required clearing balances and adjustments to compensate for float.
 

* Estimated (Treasury's figures).
Components may not add to totals due to rounding.
 

 

Worksheet for H.4.1 (a)
 

CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS
Millions of Dollars
 
     Change Since
ASSETS * Wednesday
Jul 1, 1998
Wednesday
Jun 24, 1998
Wednesday
Jul 2, 1997
Gold certificate account                                         11,047         -       2         -       2 
Special drawing rights certificate account                        9,200                 0                 0 
Coin                                                                389         -      22         -      84 
                                                
Loans                                                               713         +     518         -     725 
Acceptances                                                           0                 0                 0 
Federal agency obligations                            
  Bought outright                                                   526         -      25         -     711 
  Held under repurchase agreements (1)                              415         -     765         -   1,310 
U.S. government securities                          
  Bought outright--Bills                                        198,013         -     975         +   1,936 
                   Notes (2)                                    180,594         +       1         +  19,472 
                   Bonds (3)                                     61,915                 0         +   7,653 
    Total bought outright (4)                                   440,522         -     974         +  29,061 
  Held under repurchase agreements (1)                           11,606         +     111         +   8,246 
     Total U.S. government securities                           452,128         -     863         +  37,307 
       Total loans and securities                               453,781         -   1,135         +  34,561 
     
Items in process of collection                      (525)         8,504         +   2,108         -     412 
Bank premises                                                     1,290         -       1         +      40 
Other assets (5)                                                 31,536         -     339         +   1,867 
                TOTAL ASSETS                        (525)       515,748         +     610         +  35,970 
     
                LIABILITIES                           
Federal Reserve notes                                           459,720         +   2,876         +  27,423 
Deposits                                           
  Depository institutions                                        23,490         +  10,830         +   3,757 
  U.S. Treasury--general account                                  7,866         -  14,598         +   2,613 
  Foreign--official accounts                                        166         +      11         -       6 
    Other                                                           313         -      12         -      27 
      Total deposits                                             31,834         -   3,768         +   6,336 
Deferred availability cash items                    (525)         7,645         +   1,620         +     634 
Other liabilities and accrued dividends (6)                       4,733         -       7         -      46 
                TOTAL LIABILITIES                   (525)       503,933         +     721         +  34,348 
                                                
                CAPITAL ACCOUNTS                     
Capital paid in                                                   5,809         +      19         +     754 
Surplus                                                           5,220                 0         +     725 
Other capital accounts                                              786         -     130         +     144 
 
*Figures in parentheses are the eliminations made in the consolidation process.
1 Does not include U.S. government and federal agency securities resold under matched sale-purchase
transactions to foreign official and international accounts of which $ 0 million was outstanding
at the end of the latest statement week.
2 Includes $ 2,050 million of inflation-indexed securities valued at the original face amount and
$ 35 million of compensation that adjusts for the effects of inflation on the principal of such
securities.
3 Includes $ 400 million of inflation-indexed securities valued at the original face amount and
$ 2 million of compensation that adjusts for the effects of inflation on the principal of such
securities.
4 Net of $ 17,687 million matched sale-purchase transactions outstanding at the end of the latest
statement week. Includes $ 122 million securities loaned--fully secured by U.S. government
securities.
5 Includes assets denominated in foreign currencies, revalued monthly at market exchange rates. Includes
special investment account at Chicago of $ 145 million in Treasury bills maturing within 90 days.
6 Includes exchange-translation account reflecting the monthly revaluation at market exchange rates of
foreign exchange commitments.
Components may not add to totals due to rounding.
 

 

MATURITY DISTRIBUTION OF LOANS AND SECURITIES, July 1, 1998
Acceptances and securities held under repurchase agreements are classified as maturing within 15 days in
accordance with maximum majority of the agreements.
 

Millions of dollars
  U.S. government
securities (1)
Federal agency
obligations
  Loans Acceptances   Holdings Weekly
changes
Holdings Weekly
changes
Within 15 days  560  Within 15 days       20,456  -   5,753     415  -     790 
16 to 90 days   153  16 to 90 days        94,040  -   3,128      98          0 
Over 90 days      0  91 days to 1 year   145,693  +   7,659     104  +       4 
                        Over 1 to 5 years    98,145  +     359      99  -       4 
                        Over 5 to 10 years   43,016  +       1     200          0 
                        Over 10 years        50,778          0      25          0 
    Total       713      Total           452,128  -     863     941  -     790 
 
1 Includes $ 2,450 million of inflation-indexed securities valued at the original face amount and
$ 37 million of compensation that adjusts for the effects of inflation on the principal of such
securities.
Components may not add to totals due to rounding.
 

 

H.4.1 (b)
 

STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON July 1, 1998
Millions of dollars
ASSETS Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas
City
Dallas San
Francisco
Gold certificate account                      11,047         582       4,207         323         643         807         717         998         358         128         289         530       1,465 
Special drawing rights certif. acct.           9,200         530       3,202         282         574         792         602         900         340         123         247         367       1,241 
Coin                                             389          11          22          15          25          40          56          54          19          17          33          45          53 
                                                               
Loans                                            713           0           1           5          40           1           5          30         492          84          26           2          28 
Acceptances                                        0           0           0           0           0           0           0           0           0           0           0           0           0 
Federal agency obligations                                   
  Bought outright                                526          29         195          15          34          41          32          50          18           6          15          24          66 
  Held under repurchase agreements(1)            415           0         415           0           0           0           0           0           0           0           0           0           0 
U.S. government securities                                         
  Bought outright--Bills                     198,013      10,784      73,392       5,757      12,869      15,598      12,045      19,010       6,958       2,175       5,493       9,003      24,927 
                   Notes (2)                 180,594       9,836      66,935       5,251      11,737      14,226      10,986      17,337       6,346       1,984       5,010       8,211      22,735 
                   Bonds (3)                  61,915       3,372      22,948       1,800       4,024       4,877       3,766       5,944       2,176         680       1,718       2,815       7,794 
     Total bought outright(4)                440,522      23,992     163,275      12,808      28,631      34,702      26,797      42,291      15,481       4,840      12,220      20,030      55,456 
  Held under repurchase agreements(1)         11,606           0      11,606           0           0           0           0           0           0           0           0           0           0 
     Total U.S. govt. securities             452,128      23,992     174,881      12,808      28,631      34,702      26,797      42,291      15,481       4,840      12,220      20,030      55,456 
       Total loans and securities            453,781      24,020     175,492      12,828      28,705      34,744      26,834      42,372      15,991       4,929      12,261      20,056      55,550 
                                                               
Items in process of collection                 9,030         563         871         294         440         577       1,111         775         383         687         563         423       2,343 
Bank premises                                  1,290          94         159          50         148         125          81         108          31         131          54         149         160 
Other assets(5)                               31,536       1,455      10,258       1,316       1,839       3,688       1,847       2,877         804         782         724       1,422       4,522 
Interdistrict settlement account                   0      -1,667      +8,355        +130        -968      -2,132        +575      -1,777        -970        +666      +1,919      +3,093      -7,225 
          TOTAL ASSETS                       516,273      25,588     202,566      15,238      31,407      38,642      31,823      46,306      16,956       7,464      16,089      26,084      58,110 
 

1 Does not include U.S. government and federal agency securities resold under matched sale-purchase
transactions to foreign official and international accounts, of which $ 0 was outstanding at the
end of the latest statement week.
2 Includes $ 2,050 million of inflation-indexed securities valued at the original face amount and
$ 35 million of compensation that adjusts for the effects of inflation on the principal of such
securities.
3 Includes $ 400 million of inflation-indexed securities valued at the original face amount and
$ 2 million of compensation that adjusts for the effects of inflation on the principal of such
securities.
4 Net of $ 17,687 million matched sale-purchase transactions outstanding at the end of the latest
statement week. Includes $ 122 million securities loaned--fully secured by U.S. government
securities.
5 Includes assets denominated in foreign currencies, revalued monthly at market exchange rates. Includes
special investment account at Chicago of $ 145 million in Treasury bills maturing within 90 days.
Components may not add to totals due to rounding.
 

 

H.4.1 (c)
 

STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON July 1, 1998
Millions of dollars
LIABILITIES Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas
City
Dallas San
Francisco
Federal Reserve notes                        459,720      22,509     185,282      13,101      28,165      32,717      27,664      41,368      15,357       5,574      14,051      23,350      50,581  
Deposits                                                          
  Depository institutions                     23,490       1,715       4,269       1,165       1,775       2,753       2,094       2,592         844         775         994       1,588       2,927  
  U.S. Treasury--general account               7,866           0       7,866           0           0           0           0           0           0           0           0           0           0  
  Foreign--official accounts                     166           7          51           8           9          22           9          14           3           5           3           7          26  
  Other                                          313           1         101           2           2          53           2         146           0           1           3           1           1  
    Total deposits                            31,834       1,723      12,287       1,174       1,787       2,828       2,105       2,751         847         781       1,000       1,596       2,954  
Deferred credit items                          8,171        549         910        233         377        656         813        648         313        643         601        395       2,034  
Other liabilities and accrued             
  dividends (1)                           
    4,733         266       1,632         168         301         376         315         458         184          87         163         224         559  
    TOTAL LIABILITIES                        504,458      25,047     200,111      14,675      30,629      36,578  ;    30,898      45,225      16,702       7,084      15,815      25,565      56,129  
 
       CAPITAL ACCOUNTS                                            
Capital paid in                                5,809         264       1,163         285         385       1,034         464         538         122         191         137         235         991  
Surplus                                        5,220         254       1,055         273         335         818         338         502         122         189         119         271         945  
Other capital accounts                           786          23         237           6          58         212         123          41          11           0          18          13          45  
     TOTAL LIABILITIES AND CAPITAL        
        ACCOUNTS                          
  516,273      25,588     202,566      15,238      31,407      38,642      31,823      46,306      16,956       7,464      16,089      26,084      58,110  
              
FEDERAL RESERVE AGENTS' ACCOUNTS                                              
F.R. notes outstanding                       567,090      26,295     230,998      15,424      31,085      39,343      36,032      49,886      17,408       7,187      16,163      29,252      68,018  
  Less--Held by F.R. Banks                   107,370       3,786      45,716       2,323       2,920       6,625       8,368       8,518       2,050       1,613       2,112       5,902      17,437  
  F.R. notes, net                            459,720      22,509     185,282      13,101      28,165      32,717      27,664      41,368      15,357       5,574      14,051      23,350      50,581  
Collateral held against F.R. notes                          
   Gold certificate account                   11,047                    
   Special drawing rights                 
     certificate account                  
 
    9,200  
                
   Other eligible assets                           0                  
   U.S. govt. and agency securities          439,472                  
     Total collateral                        459,720                  
 
1 Includes exchange translation account reflecting the monthly revaluation at market exchange rates of
foreign exchange commitments.
Components may not add to totals due to rounding.


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