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

Release Date: December 24, 1998

Release dates
Current release  Other formats: Screen reader | ASCII

FEDERAL RESERVE
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
                                                                                          December 24, 1998
Millions of dollars
                                                                   Averages of daily figures
      Reserve balances of depository institutions at     Week ended   Change from week ended     Wednesday
 F.R. Banks, Reserve Bank credit, and related items     Dec 23, 1998 Dec 16, 1998 Dec 24, 1997 Dec 23, 1998

Reserve Bank Credit  (1,2)                                  504,289    +   1,171    +  32,643      508,123
  U.S. government securities			        		      		     		
    Bought outright-system account (3)                      453,111    -     908    +  23,913      454,657
    Held under repurchase agreements                          8,098    +   1,189    +     827        7,845
  Federal agency obligations			        		      		     		
    Bought outright                                             338            0    -     347          338
    Held under repurchase agreements                          5,767    -     613    +   4,284        5,742
  Acceptances                                                     0            0            0            0
  Loans to depository institutions

    Adjustment credit                                             8    -      17    -      83           21
    Seasonal credit                                              16    +       3    -      62           21
    Extended credit                                               0            0            0            0
   Float                                                      1,801    +   1,212    +     896        4,241
   Other F.R. assets                                         35,152    +     305    +   3,216       35,259
Gold stock                                                   11,041            0    -       8       11,041
Special drawing rights certificate account                    9,200            0            0        9,200
Treasury currency outstanding                                26,163    +      14    +     559       26,163
        Total factors supplying reserve funds               550,693    +   1,185    +  33,194      554,526
						        		      		     		
Currency in circulation*                                    511,381    +   3,674    +  34,260      515,667
Treasury cash holdings*                                          84    -       2    -     145           85
Deposits,other than reserve balances,with F.R.Banks     		      		     		
  Treasury                                                    5,434    -     889    +     434        3,837
  Foreign                                                       194    -       1    +      38          175
  Service-related balances and adjustments (4)                6,977    +     273    -       9        6,977
  Other                                                         231    -      59    -     102          175
Other F.R. liabilities and capital                           17,197    +      84    +     854       16,969
        Total factors, other than reserve balances,     		      		     		
        absorbing reserve funds                             541,499    +   3,080    +  35,330      543,886

Reserve balances with F.R. Banks  (5)                         9,194    -   1,895    -   2,136       10,640
						       		      		     		
On  December 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 599,533 million, a change of
 +$ 1,945 million for the week.  The total includes the face value of U.S. Treasury strips and other zero
coupon bonds.
1  Net of $ 19,954 million daily average, matched sale-purchase transactions outstanding during the
   latest statement week, of which a net of $ 19,954 million was with foreign official and international
   accounts.  Includes securities loaned--fully secured by U.S. government securities.
2  Net of $ 18,409 million matched sale-purchase transactions outstanding at the end of the latest
   statement week, of which a net of $ 18,409 million was with foreign official and international
   accounts.  Includes $ 150 million securities loaned--fully secured U.S. government securities.
3  Includes $ 3,687 million of inflation-indexed securities valued at the original face amount and
   $ 77 million of compensation that adjusts for the effects of inflation on the principal of such
   securities.
4  Consists of required clearing balances of $ 6,583 million and adjustments of $ 394 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
                                                  *          Wednesday        Wednesday        Wednesday
                                                           Dec 23, 1998     Dec 16, 1998     Dec 24, 1997
                ASSETS
Gold certificate account                                        11,041                0        -       7
Special drawing rights certificate account                       9,200                0                0
Coin                                                               392        -       7        -      93
					
Loans                                                               42        -     118        -      54
Acceptances                                                          0                0                0
Federal agency obligations		
  Bought outright                                                  338                0        -     347
  Held under repurchase agreements (1)                           5,742        -   1,439        +   3,840
U.S. government securities		
  Bought outright--Bills                                       197,291        -     380        -   1,156
                   Notes (2)                                   187,893        +       2        +  13,688
                   Bonds (3)                                    69,473                0        +  10,066
    Total bought outright (4)                                  454,657        -     378        +  22,598
  Held under repurchase agreements (1)                           7,845        +   2,143        +     722
     Total U.S. government securities                          462,502        +   1,765        +  23,320
       Total loans and securities                              468,623        +     208        +  26,759
					
Items in process of collection                      (535)       11,532        +   2,780        +     648
Bank premises                                                    1,297        +       1        +      26
Other assets (5)                                                34,199        +     702        +   3,811
                TOTAL ASSETS                        (535)      536,284        +   3,685        +  31,143
					
                LIABILITIES
Federal Reserve notes                                          489,982        +   5,804        +  34,349
Deposits		 		
  Depository institutions                                       17,024        +   2,362        -   3,073
  U.S. Treasury--general account                                 3,837        -   4,791        -   1,112
  Foreign--official accounts                                       175        +       5        +      18
    Other                                                          175        -      88        -     121
      Total deposits                                            21,211        -   2,511        -   4,288
Deferred availability cash items                    (535)        8,122        +     387        +     252
Other liabilities and accrued dividends (6)                      4,448        -      29        -     484
                TOTAL LIABILITIES                   (535)      523,763        +   3,651        +  29,829
					
                CAPITAL ACCOUNTS
Capital paid in                                                  5,948        +       6        +     506
Surplus                                                          5,220                0        +     832
Other capital accounts                                           1,352        +      27        -      24

*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 $ 2,867 million of inflation-indexed securities valued at the original face amount and
   $ 66 million of compensation that adjusts for the effects of inflation on the principal of such
   securities.
3  Includes $ 820 million of inflation-indexed securities valued at the original face amount and
   $ 11 million of compensation that adjusts for the effects of inflation on the principal of such
   securities.
4  Net of $ 18,409 million matched sale-purchase transactions outstanding at the end of the latest
   statement week.  Includes $ 150 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 $ 15 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,  December 23, 1998
Holdings of securities include securitites held under repurchase agreements, which are classified according
to remaining maturity.

Millions of dollars
                                                                 U.S. government         Federal agency
                    Loans   Acceptances                           securities (1)           obligations
                                                                           Weekly                 Weekly
                                                               Holdings    changes    Holdings    changes
Within 15 days         42          0     Within 15 days          14,480   +   1,999      2,389   -   2,164
16 to 90 days           0          0     16 to 90 days          102,661   -     101      3,380   +     725
Over 90 days            0          0     91 days to 1 year      137,522   -     135         75           0
                                         Over 1 to 5 years      107,350   +       1         61           0
                                         Over 5 to 10 years      44,821   +       1        175           0
                                         Over 10 years           55,668           0          0           0
    Total              42          0         Total              462,502   +   1,765      6,080   -   1,439

1  Includes $ 3,687 million of inflation-indexed securities valued at the original face amount and
   $ 77 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  December 23, 1998
Millions of dollars
                                                                                                                                                            Kansas                 San
                                               Total     Boston   New York Philadelphia Cleveland   Richmond   Atlanta    Chicago   St. Louis  Minneapolis   City      Dallas   Francisco
         ASSETS
Gold certificate account                      11,041        582      4,201        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                                             392         28         17         23         17         56         49         41         21         17         26         41         56
				
Loans                                             42          2          0          5          0          0          2          3          2          6          7          0         15
Acceptances                                        0          0          0          0          0          0          0          0          0          0          0          0          0
Federal agency obligations	
  Bought outright                                338         18        125         10         22         27         21         32         12          4          9         15         42
  Held under repurchase agreements(1)          5,742          0      5,742          0          0          0          0          0          0          0          0          0          0
U.S. government securities	
  Bought outright--Bills                     197,291     10,745     73,124      5,736     12,822     15,541     12,001     18,940      6,933      2,167      5,473      8,971     24,836
                   Notes (2)                 187,893     10,233     69,641      5,463     12,212     14,801     11,430     18,038      6,603      2,064      5,212      8,543     23,653
                   Bonds (3)                  69,473      3,784     25,750      2,020      4,515      5,473      4,226      6,670      2,441        763      1,927      3,159      8,746
     Total bought outright(4)                454,657     24,762    168,514     13,219     29,549     35,815     27,657     43,648     15,977      4,995     12,612     20,673     57,236
  Held under repurchase agreements(1)          7,845          0      7,845          0          0          0          0          0          0          0          0          0          0
     Total U.S. govt. securities             462,502     24,762    176,359     13,219     29,549     35,815     27,657     43,648     15,977      4,995     12,612     20,673     57,236
       Total loans and securities            468,623     24,782    182,226     13,233     29,571     35,842     27,680     43,683     15,991      5,004     12,629     20,688     57,293
				
Items in process of collection                12,067        790      1,244        560        834        756      1,304        939        891        747        546        841      2,615
Bank premises                                  1,297         94        158         51        156        125         81        107         31        131         54        149        162
Other assets(5)                               34,199      1,601     10,872      1,474      2,035      4,028      2,053      3,038        886        851        801      1,570      4,991
Interdistrict settlement account                   0        +38     +5,139     +1,915     -5,100     +3,866     +4,327       -586     -2,332       +735     +1,035     +1,401    -10,437
          TOTAL ASSETS                       536,819     28,444    207,059     17,861     28,730     46,272     36,813     49,119     16,187      7,735     15,628     25,586     57,386

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 $ 2,867 million of inflation-indexed securities valued at the original face amount and
   $ 66 million of compensation that adjusts for the effects of inflation on the principal of such
   securities.
3  Includes $ 820 million of inflation-indexed securities valued at the original face amount and
   $ 11 million of compensation that adjusts for the effects of inflation on the principal of such
   securities.
4  Net of $ 18,409 million matched sale-purchase transactions outstanding at the end of the latest
   statement week.  Includes $ 150 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 $ 15 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  December 23, 1998
Millions of dollars
                                                                                                                                                            Kansas                 San
                                               Total     Boston   New York Philadelphia Cleveland   Richmond   Atlanta    Chicago   St. Louis  Minneapolis   City      Dallas   Francisco
       LIABILITIES
Federal Reserve notes                        489,982     26,428    193,364     16,410     26,100     41,394     33,194     44,346     14,674      6,147     14,216     23,080     50,628
Deposits			      	
  Depository institutions                     17,024        702      4,570        498      1,150      1,286      1,317      2,403        707        425        510      1,344      2,110
  U.S. Treasury--general account               3,837          0      3,837          0          0          0          0          0          0          0          0          0          0
  Foreign--official accounts                     175          7         60          8          9         22          9         14          3          5          3          7         26
  Other                                          175          0         98          2          3         28          4         16          1          1         18          1          2
    Total deposits                            21,211        710      8,566        508      1,162      1,336      1,330      2,433        711        432        532      1,353      2,138
Deferred credit items                          8,657        507        974        323        360        667      1,125        712        374        666        432        425      2,093
Other liabilities and accrued	      	
  dividends (1)                                4,448        243      1,543        157        281        367        295        422        169         86        153        208        523
    TOTAL LIABILITIES                        524,298     27,888    204,446     17,398     27,903     43,764     35,944     47,913     15,928      7,331     15,333     25,066     55,382
				      	
       CAPITAL ACCOUNTS		      	
Capital paid in                                5,948        267      1,208        177        398      1,237        418        582        120        202        140        227        972
Surplus                                        5,220        254      1,055        273        335        818        338        502        122        189        119        271        945
Other capital accounts                         1,352         35        350         14         92        452        112        123         17         14         36         22         87
     TOTAL LIABILITIES AND CAPITAL    	
        ACCOUNTS                             536,819     28,444    207,059     17,861     28,730     46,272     36,813     49,119     16,187      7,735     15,628     25,586     57,386
				      	
FEDERAL RESERVE AGENTS' ACCOUNTS      	
				      	
F.R. notes outstanding                       613,352     30,366    240,100     18,526     29,625     51,049     44,702     54,249     17,353      7,717     17,259     33,780     68,626
  Less--Held by F.R. Banks                   123,370      3,938     46,737      2,116      3,525      9,654     11,508      9,904      2,679      1,570      3,042     10,700     17,997
  F.R. notes, net                            489,982     26,428    193,364     16,410     26,100     41,394     33,194     44,346     14,674      6,147     14,216     23,080     50,628
Collateral held against F.R. notes    	
   Gold certificate account                   11,041
   Special drawing rights	      	
     certificate account                       9,200
   Other eligible assets                       1,159
   U.S. govt. and agency securities          468,581
     Total collateral                        489,982

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.

Release dates
Current release  Other formats: Screen reader | ASCII
Home | Statistical releases
Accessibility
To comment on this site, please fill out our feedback form.
Last update: December 24, 1998