FRB: H.4.1 Release-- Factors Affecting Reserve Balances -- September 24, 1998

Skip to Content
Release Date: September 24, 1998

Release dates
Current release Other formats: Screen reader | ASCII

 

 

FEDERAL RESERVE
 
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
                                                                                         September 24, 1998
Millions of dollars
                                                                   Averages of daily figures

	Change from week ended
		Sep 16, 1998 Sep 24, 1997
F.R. Banks, Reserve Bank credit, and related items	Sep 23, 1998			ep 23, 1998
U.S. government securities
Bought outright-system account (3)	444,810	+ 2,025	+ 33,473	445,804
Held under repurchase agreements	5,675	- 2,363	- 2,834	8,630
Federal agency obligations
Bought outright	403	0	- 523	403
Held under repurchase agreements	1,521	- 209	+ 796	2,075
Acceptances	0	0	0	0
Loans to depository institutions

Adjustment credit	11	- 16	- 5	9
Seasonal credit	174	+ 7	- 205	177
Extended credit	0	0	0	0
Float	657	+ 148	+ 199	814
Other F.R. assets	32,806	- 311	+ 2,101	33,492
Gold stock	11,045	+ 1	- 5	11,045
Special drawing rights certificate account	9,200	0	0	9,200
Treasury currency outstanding	25,958	+ 14	+ 508	25,958
Total factors supplying reserve funds	532,259	- 704	+ 33,504	537,606

Currency in circulation*	492,395	- 1,391	+ 34,877	493,325
Treasury cash holdings*	94	+ 2	- 168	93
Deposits,other than reserve balances,with F.R.Banks
Treasury	7,144	+ 1,275	+ 195	7,508
Foreign	165	- 11	0	166
Service-related balances and adjustments (4)	6,949	+ 118	- 124	6,949
Other	370	+ 12	+ 5	388
Other F.R. liabilities and capital	17,168	+ 169	+ 985	16,952
Total factors, other than reserve balances,
absorbing reserve funds
Reserve balances with F.R. Banks (5)	7,975	- 878	- 2,266	12,226

On September 23, 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 558,948 million, a change of
+$ 5,113 million for the week. The total includes the face value of U.S. Treasury strips and other zero
coupon bonds.
1 Net of $ 18,088 million daily average, matched sale-purchase transactions outstanding during the
latest statement week, of which a net of $ 18,088 million was with foreign official and international
accounts. Includes securities loaned--fully secured by U.S. government securities.
2 Net of $ 18,848 million matched sale-purchase transactions outstanding at the end of the latest
statement week, of which a net of $ 18,848 million was with foreign official and international
accounts. Includes $ 609 million securities loaned--fully secured U.S. government securities.
3 Includes $ 2,850 million of inflation-indexed securities valued at the original face amount and
$ 50 million of compensation that adjusts for the effects of inflation on the principal of such
securities.
4 Consists of required clearing balances of $ 6,701 million and adjustments of $ 248 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

			day W
Gold certificate account		Sep 23, 1998	Sep 16, 1998	Sep 24, 1997
Special drawing rights certificate account		9,200	0	0
Coin		412	+ 17	- 112

Loans		185	- 18	- 197
Acceptances		0	0	0
Federal agency obligations
Bought outright
Held under repurchase agreements (1)		2,075	+ 1,280	+ 1,019
U.S. government securities
Bought outright--Bills		196,851	- 1,181	+ 2,295
Notes (2)		182,977	+ 4,149	+ 21,494
Bonds (3)		65,976	0	+ 10,984
Total bought outright (4)		445,804	+ 2,969	+ 34,774
Held under repurchase agreements (1)		8,630	- 476	- 3,889
Total U.S. government securities		454,434	+ 2,493	+ 30,885
Total loans and securities		457,096	+ 3,755	+ 31,184


Bank premises		1,297	0	+ 27
Other assets (5)		32,173	+ 354	+ 2,360
TOTAL ASSETS	(421)	518,410	+ 3,637	+ 34,216


Federal Reserve notes
Deposits
Depository institutions		19,325	+ 3,758	- 1,860
U.S. Treasury--general account		7,508	+ 1,243	+ 180
Foreign--official accounts		166	+ 3	+ 4
Other		388	+ 30	+ 22
Total deposits		27,387	+ 5,034	- 1,654
Deferred availability cash items	(421)	6,200	- 982	+ 331
Other liabilities and accrued dividends (6)		4,762	+ 222	- 229
TOTAL LIABILITIES	(421)	506,220	+ 3,640	+ 32,997

CAPITAL ACCOUNTS
Capital paid in		5,912	- 38	+ 687
Surplus		5,220	0	+ 725
Other capital accounts		1,058	+ 34	- 193

 
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
   $ 43 million of compensation that adjusts for the effects of inflation on the principal of such
   securities.
3  Includes $ 800 million of inflation-indexed securities valued at the original face amount and
   $ 7 million of compensation that adjusts for the effects of inflation on the principal of such
   securities.
4  Net of $ 18,848 million matched sale-purchase transactions outstanding at the end of the latest
   statement week.  Includes $ 609 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 $ 178 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, September 23, 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         Federal agency

				securities (1) Weekly		obligations Weekly
				17,677	changes 6,786	2,075	changes 1,280
16 to 90 days	12	0	16 to 90 days	92,715	- 126	50	0
Over 90 days	0	0	91 days to 1 year	144,183	+ 6,293	75	0
			Over 1 to 5 years	104,646	+ 3,111	93	0
			Over 5 to 10 years	41,277	0	185	0
			Over 10 years	53,936	0	0	0
Total	185	0	Total	454,434	+ 2,493	2,478	+ 1,280

 
   $ 50 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 September 23, 1998
Millions of dollars
                                                                                                                                                            Kansas                 San

ificat											City		nci
Special drawing rights certif. acct.	9,200	530	3,202	282	574	792	602	900	340	123	247	367	1,241
Coin	412	15	23	15	24	43	67	55	21	14	31	53	50

Loans	185	0	0	6	0	0	6	34	33	63	26	2	15
Acceptances	0	0	0	0	0	0	0	0	0	0	0	0	0
Federal agency obligations
Bought outright
Held under repurchase agreements(1)	2,075	0	2,075	0	0	0	0	0	0	0	0	0	0
U.S. government securities
Bought outright--Bills	196,851	10,721	72,961	5,723	12,794	15,507	11,975	18,898	6,918	2,163	5,461	8,951	24,781
Notes (2)	182,977	9,965	67,819	5,320	11,892	14,414	11,131	17,566	6,430	2,010	5,076	8,320	23,034
Bonds (3)	65,976	3,593	24,453	1,918	4,288	5,197	4,013	6,334	2,318	725	1,830	3,000	8,306
Total bought outright(4)	445,804	24,279	165,233	12,961	28,974	35,118	27,119	42,798	15,666	4,898	12,367	20,270	56,121
Held under repurchase agreements(1)	8,630	0	8,630	0	0	0	0	0	0	0	0	0	0
Total U.S. govt. securities	454,434	24,279	173,863	12,961	28,974	35,118	27,119	42,798	15,666	4,898	12,367	20,270	56,121
Total loans and securities	457,096	24,301	176,087	12,978	29,000	35,150	27,149	42,871	15,713	4,965	12,404	20,290	56,187

Items in process of collection	7,608	547	673	235	352	560	869	729	252	621	512	451	1,807
Bank premises	1,297	93	158	50	157	126	79	108	31	131	54	149	161
Other assets(5)	32,173	1,499	10,212	1,374	1,895	3,769	1,913	2,998	833	795	748	1,484	4,654
Interdistrict settlement account	0	-1,606	+21,190	-790	-4,060	-2,798	-286	-4,442	-1,969	+480	+820	+ 1,932	- 8,471
TOTAL ASSETS	518,832	25,961	215,750	14,469	28,585	38,448	31,111	44,216	15,579	7,259	15,106	25,255	57,094

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
   $ 43 million of compensation that adjusts for the effects of inflation on the principal of such
   securities.
3  Includes $ 800 million of inflation-indexed securities valued at the original face amount and
   $ 7 million of compensation that adjusts for the effects of inflation on the principal of such
   securities.
4  Net of $ 18,848 million matched sale-purchase transactions outstanding at the end of the latest
   statement week.  Includes $ 609 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 $ 178 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 September 23, 1998
Millions of dollars
                                                                                                                                                            Kansas                 San

Reserve no											City		nci
Deposits
Depository institutions	19,325	1,495	4,987	656	1,071	1,687	1,671	2,434	620	670	603	1,031	2,400
U.S. Treasury--general account	7,508	0	7,508	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	388	1	104	1	3	71	0	180	0	0	11	1	16
Total deposits	27,387	1,503	12,650	665	1,084	1,780	1,681	2,628	624	675	617	1,039	2,442
Deferred credit items	6,622	452	450	197	303	534	844	533	270	594	430	341	1,672
Other liabilities and accrued
dividends (1) TOTAL LIABILITIES	506,641	25,409	213,235	13,969	27,772	36,143	30,157	43,111	15,328	6,859	14,823	24,727	55,109
						;

Capital paid in	5,912	268	1,186	214	398	1,158	472	546	120	200	138	235	980
Surplus	5,220	254	1,055	273	335	818	338	502	122	189	119	271	945
Other capital accounts	1,058	31	275	14	80	329	143	57	10	11	26	22	60
TOTAL LIABILITIES AND CAPITAL
ACCOUNTS


Less--Held by F.R. Banks	111,255	4,751	38,631	3,034	4,328	8,990	8,928	10,804	2,989	1,839	2,732	6,629	17,598
F.R. notes, net	467,872	23,191	198,493	12,940	26,086	33,439	27,316	39,492	14,246	5,501	13,613	23,122	50,432
Collateral held against F.R. notes
Gold certificate account
Special drawing rights
certificate account Other eligible assets	9,200 0
U.S. govt. and agency securities	447,626
Total collateral	467,872

 
   foreign exchange commitments.
Components may not add to totals due to rounding.