Federal Reserve Statistical Release, H.4.1, Factors Affecting Reserve Balances; title with eagle logo links to Statistical Release home page
Release Date: October 24, 2002
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FEDERAL RESERVE
These data are scheduled for release each Thursday.

H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
                                                                                           October 24, 2002
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     Oct 23, 2002 Oct 16, 2002 Oct 24, 2001 Oct 23, 2002

Reserve Bank Credit                                         657,667    -   4,001    +  51,050      657,121
  U.S. government securities (1)                                                   
    Bought outright-system account (2,3)                    610,273    +     640    +  66,696      610,231
    Held under repurchase agreements                              0            0            0            0
  Federal agency obligations (1)                                                   
    Bought outright                                              10            0            0           10
    Held under repurchase agreements                              0            0            0            0
  Repurchase agreements -- triparty (4)                       8,143    -   4,393    -  19,262        7,500
  Acceptances                                                     0            0            0            0
  Loans to depository institutions
    Adjustment credit                                             4    -       1    -       6            4
    Seasonal credit                                             116    -       8    +      52          103
    Extended credit                                               0            0            0            0
   Float                                                        376    -     287    +     414          231
   Other F.R. assets                                         38,746    +      48    +   3,157       39,042
Gold stock                                                   11,042            0    -       3       11,042
Special drawing rights certificate account                    2,200            0            0        2,200
Treasury currency outstanding                                34,163    +      14    +   1,196       34,163
        Total factors supplying reserve funds               705,073    -   3,987    +  52,244      704,527
                                                                   
Currency in circulation*                                    662,661    -   1,557    +  47,942      663,110
Reverse repurchase agreements -- triparty (4)                     0            0            0            0
Treasury cash holdings*                                         399    +      15    -      52          400
Deposits,other than reserve balances,with F.R.Banks                                        
  Treasury                                                    5,064    +     737    -     257        5,713
  Foreign                                                       341    +     264    -     238          128
  Service-related balances and adjustments (5)               10,297    -       1    +   2,240       10,297
  Other                                                         212    -       4    -      50          205
Other F.R. liabilities and capital                           19,391    -     144    +   1,547       19,372
        Total factors, other than reserve balances,                                        
        absorbing reserve funds                             698,365    -     689    +  51,131      699,226

Reserve balances with F.R. Banks  (6)                         6,708    -   3,298    +   1,113        5,301
                                                                
On   October 23, 2002, the face amount of marketable U.S. government and federal agency securities held in custody by the Federal Reserve
Banks for foreign official and international accounts was $    803,483 million, a change of $  -   3,195 million for the week. The total includes
$    652,109 million of U.S. government securities and $    151,375 million of federal agency securities. The total includes the face value of
U.S. Treasury strips and other zero coupon bonds.
1  Face value of the securities.
2  Net of $     18,168 million (daily average over statement week) and $     18,215 million (outstanding on 
   Wednesday statement date) matched sale-purchase transactions, of which $     18,168 million (daily average)
   and $     18,215 million (outstanding on Wednesday statement date) were with foreign official and international
   accounts.  Includes securities loans of $      1,180 million (daily average) and $      1,368 million 
   (outstanding on Wednesday statement date) that are fully collateralized by other U.S. government securities.
3  Includes $     12,242 million of inflation-indexed securities valued at the original face amount and 
   $      1,205 million of compensation that adjusts for the effects of inflation on the principal of such 
   securities.
4  Cash value of agreements arranged through third-party custodial banks.  These agreements are collateralized 
   by U.S. government and federal agency securities.
5  Consists of required clearing balances of $      9,970 million and adjustments of $        327 million to 
   compensate for float.
6  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
                                                           Oct 23, 2002     Oct 16, 2002     Oct 24, 2001
                ASSETS
Gold certificate account                                        11,038                0        -       7
Special drawing rights certificate account                       2,200                0                0
Coin                                                             1,074        +      15        -      39
Loans                                                              107        -      52        +       5
Acceptances                                                          0                0                0
Repurchase agreements -- triparty (1)                            7,500        -   6,250        -  22,550
Federal agency obligations (2)          
  Bought outright                                                   10                0                0
  Held under repurchase agreements                                   0                0                0
U.S. government securities (2)           
  Bought outright--Bills                                       208,217        -     140        +  25,184
                   Notes (3)                                   295,901        +       6        +  37,512
                   Bonds (4)                                   106,113        +       5        +   3,345
    Total bought outright (5)                                  610,231        -     129        +  66,041
  Held under repurchase agreements                                   0                0                0
     Total U.S. government securities                          610,231        -     129        +  66,041
       Total loans and securities                              617,848        -   6,432        +  43,496
                          
Items in process of collection                    (1,092)        7,839        -   8,256        +     130
Bank premises                                                    1,528        +       2        +      14
Other assets (6)                                                37,513        +     375        +     753
                TOTAL ASSETS                      (1,092)      679,040        -  14,295        +  44,346
                          
                LIABILITIES
Federal Reserve notes                                          630,417        -   1,716        +  46,484
Reverse repurchase agreements -- triparty (1)                        0                0                0
Deposits                     
  Depository institutions                                       15,927        -   9,543        -   5,201
  U.S. Treasury--general account                                 5,713        +   1,121        +   1,416
  Foreign--official accounts                                       128        +      53        -     154
    Other                                            (-2)          205        -      10        -      46
      Total deposits                                 (-2)       21,973        -   8,380        -   3,985
Deferred availability cash items                  (1,094)        7,278        -   4,289        +      73
Other liabilities and accrued dividends (7)                      2,424        +      31        -     403
                TOTAL LIABILITIES                 (1,092)      662,092        -  14,353        +  42,169
                          
                CAPITAL ACCOUNTS
Capital paid in                                                  8,275        +       5        +   1,000
Surplus                                                          7,312                0        +     577
Other capital accounts                                           1,362        +      53        +     602

*Figures in parentheses are the eliminations made in the consolidation process.
1  Cash value of agreements arranged through third-party custodial banks.
2  Face value of the securities.
3  Includes $      7,168 million of inflation-indexed securities valued at the original face amount and 
   $        676 million of compensation that adjusts for the effects of inflation on the principal of such 
   securities.
4  Includes $      5,074 million of inflation-indexed securities valued at the original face amount and 
   $        529 million of compensation that adjusts for the effects of inflation on the principal of such 
   securities.
5  Net of $     18,215 million matched sale-purchase transactions outstanding at the end of the latest 
   statement week.  Includes securities loans of $      1,368 million that are fully collateralized by other
   U.S. government securities.
6  Includes assets denominated in foreign currencies, revalued daily at market exchange rates.
7  Includes exchange-translation account reflecting the daily revaluation at market exchange rates of 
   foreign exchange commitments.
Components may not add to totals due to rounding.


MATURITY DISTRIBUTION OF LOANS AND SECURITIES,   October 23, 2002



Millions of dollars
                                    U.S. government         Federal agency                      Reverse
                     Loans          securities (1,2)        obligations(2)        Repurchase   Repurchase
                                              Weekly                  Weekly      Agreements   Agreements
                                  Holdings    changes      Holdings    changes    Triparty(3)  Triparty(3)
Within 15 days             103       25,974   +     983            0           0        5,500           0
16 days to 90 days           4      129,987   -     402            0           0        2,000           0
91 days to 1 year            0      144,194   -     721            0           0     ------      ------
Over 1 to 5 years                   176,889   +       2           10           0     ------      ------
Over 5 to 10 years                   51,453   +       5            0           0     ------      ------
Over 10 years                        81,734   +       4            0           0     ------      ------
                   		 	
Total                      107      610,231   -     129           10           0        7,500           0

1  Includes $     12,242 million of inflation-indexed securities valued at the original face amount and 
   $      1,205 million of compensation that adjusts for the effects of inflation on the principal of such 
   securities.
2  Includes face value of securities held under repurchase agreements classified by the remaining maturity of 
   the agreements.
3  Cash value of agreements arranged through third-party custodial banks classified by remaining maturity of 
   the agreements.
Components may not add to totals due to rounding.


H.4.1 (b)

STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON   October 23, 2002
Millions of dollars
                                                                                                                                                            Kansas                 San
                                               Total     Boston   New York Philadelphia Cleveland   Richmond   Atlanta    Chicago   St. Louis  Minneapolis   City      Dallas   Francisco
         ASSETS                        
Gold certificate account                      11,038        533      4,363        430        522        819        926      1,080        346        179        309        485      1,046
Special drawing rights certif. acct.           2,200        115        874         83        104        147        166        212         71         30         66         98        234
Coin                                           1,074         48         53         53         52        142        133        136         65         35         69        158        130
                       
Loans                                            107          0          0          4          0          0          8         12         20         32         20          9          3
Acceptances                                        0          0          0          0          0          0          0          0          0          0          0          0          0
Repurchase Agreements -- triparty(1)           7,500          0      7,500          0          0          0          0          0          0          0          0          0          0
Federal agency obligations(2)      
  Bought outright                                 10          1          4          0          1          1          1          1          0          0          0          0          1
  Held under repurchase agreements                 0          0          0          0          0          0          0          0          0          0          0          0          0
U.S. government securities(2)         
  Bought outright--Bills                     208,217     11,930     81,925      8,007     11,488     16,239     14,826     24,503      7,404      3,255      6,155      4,621     17,864
                   Notes (3)                 295,901     16,954    116,425     11,378     16,326     23,078     21,069     34,822     10,522      4,626      8,747      6,567     25,387
                   Bonds (4)                 106,113      6,080     41,751      4,080      5,855      8,276      7,556     12,487      3,773      1,659      3,137      2,355      9,104
     Total bought outright(5)                610,231     34,963    240,102     23,465     33,669     47,594     43,451     71,812     21,698      9,539     18,038     13,543     52,355
  Held under repurchase agreements                 0          0          0          0          0          0          0          0          0          0          0          0          0
     Total U.S. govt. securities             610,231     34,963    240,102     23,465     33,669     47,594     43,451     71,812     21,698      9,539     18,038     13,543     52,355
       Total loans and securities            617,848     34,964    247,606     23,469     33,670     47,594     43,460     71,825     21,719      9,572     18,058     13,552     52,359
                       
Items in process of collection                 8,931        461        796        439        372        636        675        668        369        912        507        334      2,763
Bank premises                                  1,528         91        183         49        153        130        279        115         43        125         49        139        172
Other assets(6)                               37,513      1,966     13,238      1,205      2,504      5,425      2,520      3,872        999        638        985        823      3,338
Interdistrict settlement account                   0    - 7,167    +36,267    - 6,248    - 6,638    - 1,408    - 3,693    -13,830    - 3,037    + 3,705    - 2,913    +10,033    - 5,071
          TOTAL ASSETS                       680,132     31,011    303,379     19,480     30,738     53,485     44,466     64,077     20,576     15,197     17,131     25,621     54,972

1  Cash value of agreements arranged through third-party custodial banks.  These agreements are collateralized 
   by U.S. government and federal agency securities.
2  Face value of the securities.
3  Includes $      7,168 million of inflation-indexed securities valued at the original face amount and  $        676 million 
   of compensation that adjusts for the effects of inflation on the principal of such  securities.
4  Includes $      5,074 million of inflation-indexed securities valued at the original face amount and  $        529 million 
   of compensation that adjusts for the effects of inflation on the principal of such securities.
5  Net of $     18,215 million matched sale-purchase transactions outstanding at the end of the latest statement week.  
   Includes securities loans of $      1,368 million that are fully collateralized by other U.S. government securities.
6  Includes assets denominated in foreign currencies, revalued monthly at market exchange rates.

Components may not add to totals due to rounding.


H.4.1 (c)

STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON   October 23, 2002
Millions of dollars
                                                                                                                                                            Kansas                 San
                                               Total     Boston   New York Philadelphia Cleveland   Richmond   Atlanta    Chicago   St. Louis  Minneapolis   City      Dallas   Francisco
       LIABILITIES                         
Federal Reserve notes                         630,417     28,464    288,721     17,698     27,835     45,860     41,161     59,125     19,217     13,560     15,674     24,092     49,009
Reverse repurchase agreements--triparty(1)          0          0          0          0          0          0          0          0          0          0          0          0          0
Deposits                          
  Depository institutions                      15,927        945      3,395        700      1,010      2,534      1,226      2,216        548        429        584        632      1,708
  U.S. Treasury--general account                5,713          0      5,713          0          0          0          0          0          0          0          0          0          0
  Foreign--official accounts                      128          2        104          1          3          7          2          3          1          1          1          1          3
  Other                                           203          6        134          0          1         54          1          4          3         -2          1          1          1
    Total deposits                             21,971        952      9,347        701      1,014      2,595      1,229      2,223        551        428        586        634      1,712
Deferred credit items                           8,372        559        849        484        344        621        837        730        287        535        363        427      2,336
Other liabilities and accrued                 
  dividends (2)                                 2,424        150        749        108        140        247        198        256        106         81         96         95        198
    TOTAL LIABILITIES                         663,184     30,125    299,667     18,990     29,333     49,322     43,425     62,334     20,161     14,604     16,720     25,248     53,255
                              
       CAPITAL ACCOUNTS                   
Capital paid in                                 8,275        432      1,769        237        692      2,069        478        847        199        328        200        183        841
Surplus                                         7,312        418      1,504        221        665      1,757        535        793        149        118        191        164        796
Other capital accounts                          1,362         36        439         31         47        336         28        103         66        147         21         27         79
     TOTAL LIABILITIES AND CAPITAL            
        ACCOUNTS                              680,132     31,011    303,379     19,480     30,738     53,485     44,466     64,077     20,576     15,197     17,131     25,621     54,972
                              
FEDERAL RESERVE AGENTS' ACCOUNTS              
                              
F.R. notes outstanding                        750,811     33,826    321,006     26,234     32,543     55,583     57,801     66,872     22,613     15,341     20,378     33,951     64,662
  Less--Held by F.R. Banks                    120,394      5,362     32,285      8,536      4,708      9,723     16,640      7,748      3,396      1,780      4,704      9,859     15,653
  F.R. notes, net                             630,417     28,464    288,721     17,698     27,835     45,860     41,161     59,125     19,217     13,560     15,674     24,092     49,009
Collateral held against F.R. notes            
   Gold certificate account                    11,038
   Special drawing rights                 
     certificate account                        2,200
   Other eligible assets                            0
   U.S. govt. and agency securities(3)        617,179
     Total collateral                         630,417

1  Cash value of agreements arranged through third-party custodial banks.  These agreements are collateralized 
   by U.S. government and federal agency securities.
2  Includes exchange translation account reflecting the monthly revaluation at market exchange rates of 
   foreign exchange commitments.
3  U.S. government and agency securities bought outright or held under repurchase agreement are valued at face amount.
   Includes cash value of repurchase agreements under triparty arrangements and excludes the par value of securities
   pledged under reverse repurchase agreements.

Components may not add to totals due to rounding.


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