Federal Reserve Statistical Release, H.4.1, Factors Affecting Reserve Balances; title with eagle logo links to Statistical Release home page
Release Date:  July 03, 2003
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FEDERAL RESERVE Statistical Release
 

H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
July 3, 2003
1. Factors Affecting Reserve Balances of Depository Institutions
Millions of dollars
Reserve Bank credit, related items, and
reserve balances of depository institutions at
Federal Reserve Banks
Averages of daily figures Wednesday
Jul 2, 2003
Week ended
Jul 2, 2003
Change from week ended
Jun 25, 2003 Jul 3, 2002
                                                              
Reserve Bank Credit                                         719,541     +   1,852     +  59,762       717,405 
 Securities held outright                                   652,162     +     202     +  61,298       652,363 
    U.S. Treasury (1)                                       652,152     +     202     +  61,298       652,353 
       Bills (2)                                            238,998     +     208     +  42,342       239,201 
       Notes and bonds, nominal (2)                         398,853             0     +  17,470       398,853 
       Notes and bonds, inflation-indexed (2)                12,814             0     +   1,212        12,814 
       Inflation compensation (3)                             1,486     -       7     +     275         1,484 
    Federal agency (2)                                           10             0             0            10 
 Repurchase agreements(4)                                    28,714     +   2,393     -   1,286        26,000 
 Loans to depository institutions                               188     -     219     +      10            92 
    Primary credit                                               99     -     223     +      99             1 
    Secondary credit                                              0             0             0             0 
    Seasonal credit                                              89     +       5     -      79            91 
    Adjustment credit                                             0             0     -       9             0 
 Float                                                        -566    -     584    -     335          -82 
 Other Federal Reserve assets                                39,043     +      60     +      75        39,033 
Gold stock                                                   11,044             0             0        11,044 
Special drawing rights certificate account                    2,200             0             0         2,200 
Treasury currency outstanding (5)                            34,980     +      14     +     985        34,980 
                                                              
Total factors supplying reserve funds                       767,765     +   1,866     +  60,747       765,628 
                                                                          
Currency in circulation(5)                                  693,527     +   2,457     +  33,543       698,229 
Reverse repurchase agreements (6)                            23,129     +     415     +  23,129        21,045 
   Foreign official and international accounts               23,129     +   2,093     +  23,129        21,045 
   Dealers                                                        0     -   1,679             0             0 
Treasury cash holdings                                          360     -       8     -      34           327 
Deposits with F.R.Banks, other than reserve balances         17,882     -     755     +   1,285        17,539 
  U.S. Treasury, general account                              6,087     -   1,112     -      61         5,707 
  Foreign official                                              412     +     250     +     329           476 
  Service-related                                            11,136     +      79     +   1,001        11,136 
     Required clearing balances                              10,839     +       9     +     936        10,839 
     Adjustments to compensate for float                        297     +      71     +      64           297 
  Other                                                         248     +      28     +      17           220 
Other liabilities and capital                                20,045     -      61     -      61        19,635 
                                                              
Total factors, other than reserve balances,                                                       
   absorbing reserve funds                                  754,943     +   2,048     +  57,862       756,775 
                                                              
Reserve balances with Federal Reserve Banks                  12,822     -     183     +   2,886         8,854 
                                                                          
                                                              
Memo (off-balance-sheet items):                               
  Marketable securities held in custody for foreign           
         official and international accounts(2,7)           943,278     +  10,099      ------         951,017 
     U.S. Treasury                                          757,061     +   7,331      ------         763,039 
     Federal agency                                         186,217     +   2,767      ------         187,977 
  Securities lent to dealers                                  4,575     +   3,218     +   3,146         2,461 
Note: Components may not sum to totals because of rounding.
--- Not available.
 

1 Includes securities lent to dealers, which are fully collateralized by other U.S. Treasury securities.
2 Face value of the securities.
3 Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed securities.
4 Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.
5 Estimated.
6 Cash value of agreements, which are collateralized by U.S. Treasury securities.
7 Includes U.S. Treasury STRIPS and other zero coupon bonds at face value.
 

 

Sources: Federal Reserve Banks and the U.S. Department of the Treasury.
 

 

2. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of Dollars
Assets, liabilities, and capital Eliminations
from
consolidation
  Change Since
Wednesday
Jul 2, 2003
Wednesday
Jun 25, 2003
Wednesday
Jul 3, 2002
Assets                                               
Gold certificate account                                         11,039         -       1         -       5 
Special drawing rights certificate account                        2,200                 0                 0 
Coin                                                                904         -      37         -       1 
Securities, repurchase agreements, and loans                    678,454         -   5,645         +  60,524 
   Securities held outright                                     652,363         +     360         +  61,097 
      U.S. Treasury (1)                                         652,353         +     360         +  61,097 
         Bills (2)                                              239,201         +     366         +  43,037 
         Notes and bonds, nominal (2)                           398,853                 0         +  16,579 
         Notes and bonds, inflation-indexed (2)                    12,814                 0         +   1,212 
         Inflation compensation (3)                               1,484         -       7         +     268 
      Federal agency (2)                                             10                 0                 0 
   Repurchase agreements (4)                                     26,000         -   6,000         -     500 
   Loans                                                             92         -       3         -      72 
Items in process of collection                    (1,244)         9,457         +   1,996         +     504 
Bank premises                                                     1,581         -       1         +      63 
Other assets (5)                                                 37,400         -     207         +     171 
      Total assets                                (1,244)       741,035         -   3,896         +  61,256 
                                                     
Liabilities                                          
Federal Reserve notes net of FR Bank holdings                  664,475         +   5,506         +  32,804 
Reverse repurchase agreements (6)                                21,045         -     547         +  21,045 
Deposits                                              (0)        26,422         -  10,564         +   6,314 
  Depository institutions                                        20,019         -  11,036         +   5,406 
  U.S. Treasury, general account                                  5,707         +     401         +     533 
  Foreign official                                                  476         +      72         +     397 
  Other                                               (0)           220                 0         -      23 
Deferred availability cash items                  (1,244)         9,457         +   2,094         +     811 
Other liabilities and accrued dividends (7)                       2,101         -     281         -     216 
      Total liabilities                           (1,244)       723,500         -   3,792         +  60,758 
                                                     
Capital Accounts                                     
Capital paid in                                                   8,659         +       2         +     325 
Surplus                                                           8,380                 0         +   1,068 
Other capital accounts                                              496         -     105         -     895 
      Total capital                                              17,535         -     104         +     498 
Note: Components may not sum to totals because of rounding.
 

1 Includes securities lent to dealers, which are fully collateralized by other U.S. Treasury securities.
2 Face value of the securities.
3 Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed securities.
4 Cash value of agreements, which are collatealized by U.S. Treasury and federal agency securites.
5 Includes assets denominated in foreign currencies, which are revalued daily at market exchange rates.
6 Cash value of agreements, which are collateralized by U.S. Treasury securities.
7 Includes exchange-translation account reflecting the daily revaluation at market exchange rates of
foreign exchange commitments.
 

 

 

3. Maturity Distribution of Loans and Securities, July 2, 2003
Millions of dollars
Maturity Loans U.S. Treasury
securities (1)
Federal agency
securities
Repurchase
agreements(2)
Reverse
repurchase
agreements(2)
Holding Weekly
changes
Holdings Week
change
Within 15 days              13        41,102    -   7,922             0            0        21,000        21,045
16 days to 90 days          79       146,726    +   7,331             0            0         5,000             0
91 days to 1 year            0       158,535    +   1,787            10            0      ------       ------   
Over 1 to 5 years     ------         179,355    -     832             0            0      ------       ------   
Over 5 to 10 years    ------          46,661    -       2             0            0      ------       ------   
Over 10 years         ------          79,973    -       3             0            0      ------       ------   
           
All                         92       652,353    +     360            10            0        26,000       21,045 
 
Note: Components may not sum to totals because of rounding.
--- Not applicable.
 

1 Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face
value of such securities.
2 Cash value of agreements classified by remaining maturity of the agreements.
 

 

 

4. Statement of Condition of Each Federal Reserve Bank on July 2, 2003
Millions of dollars
Assets, liabilities, and capital Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas
City
Dallas San
Francisco
Assets                                                             
Gold certificate account                      11,039         495       4,706         380         477         808         863         982         331         224         303         507         963 
Special drawing rights certificate acct.       2,200         115         874          83         104         147         166         212          71          30          66          98         234 
Coin                                             904          41          31          59          38         112         105         112          54          36          61         149         104 
Securities, repurchase agreements,                                 
      and loans                              678,454      31,539     305,102      20,396      30,568      50,169      44,080      65,940      20,529      14,604      17,541      25,568      52,419 
   Securities held outright                  652,363      31,539     279,102      20,396      30,568      50,169      44,071      65,921      20,524      14,562      17,532      25,566      52,414 
      U.S. Treasury (1)                      652,353      31,538     279,097      20,395      30,568      50,168      44,070      65,920      20,524      14,561      17,532      25,565      52,413 
         Bills (2)                           239,201      11,564     102,338       7,478      11,208      18,395      16,160      24,171       7,526       5,339       6,428       9,374      19,218 
         Notes and bonds(3)                  413,151      19,974     176,759      12,917      19,359      31,773      27,911      41,749      12,998       9,222      11,103      16,191      33,194 
         Federal agency (2)                       10           0           4           0           0           1           1           1           0           0           0           0           1 
      Repurchase agreements(4)                26,000           0      26,000           0           0           0           0           0           0           0           0           0           0 
      Loans                                       92           0           0           0           0           0           9          18           4          43           9           3           6 
Items in process of collection                10,701         568         617         404         517         905         958         849         595         519         801         521       3,446 
Bank premises                                  1,581          91         185          52         152         143         278         118          43         126          52         165         176 
Other assets(5)                               37,400       1,724      13,493       1,103       2,320       5,886       2,173       3,474         963       1,113         891       1,067       3,193 
Interdistrict settlement account                   0     - 3,595     +10,590     - 2,733     - 3,063     +   331     -   490     - 6,930     - 1,127     -   644     -   237     + 3,104     + 4,795 
          Total Assets                       742,279      30,978     335,598      19,745      31,114      58,499      48,134      64,757      21,459      16,008      19,478      31,180      65,330 
 
Note: Components may not sum to totals because of rounding.
 

1 Includes securities lent to dealers, which are fully collateralized by other U.S. Treasury securities.
2 Face value of the securities.
3 Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face
value of such securities.
4 Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.
5 Includes assets denominated in foreign currencies, which are revalued daily at market exchange rates.
 

 

 

 

4. Statement of Condition of Each Federal Reserve Bank on July 2, 2003
Millions of dollars
Assets, liabilities, and capital Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas
City
Dallas San
Francisco
Liabilities                                                         
Federal Reserve notes outstanding             767,466      31,625     332,520      24,084      31,000      57,783      62,284      64,087      22,954      15,202      21,311      35,211      69,404 
  Less: notes held by F.R. Banks              102,991       4,344      23,312       7,114       4,213       8,545      19,364       7,133       3,716       1,432       4,164       6,704      12,948 
    Federal Reserve notes, net                664,475      27,281     309,208      16,971      26,787      49,238      42,919      56,953      19,238      13,770      17,146      28,506      56,456 
Reverse repurchase agreements (1)              21,045       1,017       9,004         658         986       1,618       1,422       2,127         662         470         566         825       1,691 
Deposits                                       26,422         899      11,753       1,021       1,147       2,553       1,556       2,728         575         422         667         755       2,346 
  Depository institutions                      20,019         890       5,446       1,020       1,144       2,486       1,554       2,724         574         421         665         754       2,343 
  U.S. Treasury, general account                5,707           0       5,707           0           0           0           0           0           0           0           0           0           0 
  Foreign official                                476           2         453           1           3           7           2           3           1           1           1           1           3 
  Other                                           220           7         149           0           0          60           0           1           1           0           1           1           0 
Deferred availability cash items               10,701         762       1,029         500         648         713       1,092         929         429         570         622         613       2,794 
Other liabilities and accrued                                                 
  dividends (2)                                 2,101         119         664          87         134         210         171         204          94          81          81         102         153 
                                                                    
    Total liabilities                         724,744      30,079     331,659      19,237      29,702      54,333      47,160      62,940      20,998      15,313      19,083      30,801      63,440 
                                                                    
Capital                                                             
Capital paid in                                 8,659         446       1,899         252         705       2,090         477         911         228         347         191         182         931 
Surplus                                         8,380         436       1,809         233         702       2,073         475         858         199         340         201         186         868 
Other capital                                     496          17         232          23           4           3          22          47          34           8           3          11          91 
     Total liabilities and capital            742,279      30,978     335,598      19,745      31,114      58,499      48,134      64,757      21,459      16,008      19,478      31,180      65,330 
Note: Components may not sum to totals because of rounding.
 

1 Cash value of agreements, which are collateralized by U.S. Treasury securities.
2 Includes exchange-translation account reflecting the daily revaluation at market exchange rates of foreign exchange commitments.
 

 

5. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts
Millions of dollars
Federal Reserve notes and collateral Wednesday
Jul 2, 2003
Federal Reserve notes outstanding          767,466  
   Less: Notes held by F.R. Banks         
         not subject to collateralization    98,395  
      Federal Reserve Notes to be         
         collateralized                    669,071  
Collateral held against Federal Reserve             
   notes                                   669,071  
   Gold certificate account                 11,039  
   Special drawing rights                 
     certificate account                     2,200  
   U.S. Treasury and agency securities    
     pledged (1)                           655,832  
   Other eligible assets                         0  
                                          
Memo:                                     
Total U.S. Treasury and agency            
       securities (1)                      678,363  
   Less:face value of securities under    
         reverse repurchase agreements      21,050  
      U.S. Treasury and agency securities  
             eligible to be pledged        657,313  
Note: Components may not sum to totals because of rounding.
 

1 Includes face value of U.S. Treasury and agency securities held outright, compensation to adjust for the effect of inflation on the original face
value of inflation-indexed securities, and cash value of repurchase agreements.

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