Federal Reserve Statistical Release, H.4.1, Factors Affecting Reserve Balances; title with eagle logo links to Statistical Release home page
Release Date:  January 08, 2004
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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
January 8, 2004
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
Jan 7, 2004
Week ended
Jan 7, 2004
Change from week ended
Dec 31, 2003 Jan 8, 2003
                                                              
Reserve Bank Credit                                         743,299     -   3,268     +  45,841       733,683 
 Securities held outright                                   666,704     +     302     +  37,288       666,720 
    U.S. Treasury (1)                                       666,704     +     302     +  37,298       666,720 
       Bills (2)                                            244,877     +     308     +  18,195       244,897 
       Notes and bonds, nominal (2)                         406,173             0     +  16,954       406,173 
       Notes and bonds, inflation-indexed (2)                13,994             0     +   1,752        13,994 
       Inflation compensation (3)                             1,659     -       7     +     396         1,655 
    Federal agency (2)                                            0             0     -      10             0 
 Repurchase agreements(4)                                    34,679     -   4,000     +   6,286        24,000 
 Loans to depository institutions                                24     -      41     -       3            11 
    Primary credit                                               12     -      20     +      12             1 
    Secondary credit                                              0             0             0             0 
    Seasonal credit                                              11     -      22     -       6            10 
    Adjustment credit                                             0             0     -      10             0 
 Float                                                       1,349    +     169    +     631        2,144 
 Other Federal Reserve assets                                40,544     +     302     +   1,640        40,808 
Gold stock                                                   11,043             0             0        11,043 
Special drawing rights certificate account                    2,200             0             0         2,200 
Treasury currency outstanding (5)                            35,489     +      14     +     892        35,489 
                                                              
Total factors supplying reserve funds                       792,031     -   3,255     +  46,733       782,415 
                                                                          
Currency in circulation(5)                                  721,162     -   2,551     +  37,939       717,836 
Reverse repurchase agreements (6)                            22,477     +     842     +   3,944        19,587 
   Foreign official and international accounts               22,120     +     485     +   3,587        19,587 
   Dealers                                                      357     +     357     +     357             0 
Treasury cash holdings                                          321     +       2     -      49           323 
Deposits with F.R.Banks, other than reserve balances         18,083     -     293     +   2,050        17,245 
  U.S. Treasury, general account                              5,319     -     531     +     490         4,915 
  Foreign official                                               95     -       4     -      12            84 
  Service-related                                            12,021     -      88     +   1,135        12,021 
     Required clearing balances                              11,830     -       1     +   1,295        11,830 
     Adjustments to compensate for float                        192     -      86     -     159           192 
  Other                                                         647     +     328     +     436           225 
Other liabilities and capital                                20,125     -     464     +     908        20,382 
                                                              
Total factors, other than reserve balances,                                                       
   absorbing reserve funds                                  782,168     -   2,465     +  44,792       775,374 
                                                              
Reserve balances with Federal Reserve Banks                   9,863     -     790     +   1,941         7,041 
                                                                          
                                                              
Memo (off-balance-sheet items):                               
  Marketable securities held in custody for foreign           
         official and international accounts(2,7)         1,072,660     +   5,918     + 211,575     1,074,509 
     U.S. Treasury                                          862,004     +   6,132     + 167,987       861,930 
     Federal agency                                         210,656     -     213     +  43,588       212,579 
  Securities lent to dealers                                  3,200     +     114     +   2,240         2,328 
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 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
Jan 7, 2004
Wednesday
Dec 31, 2003
Wednesday
Jan 8, 2003
Assets                                               
Gold certificate account                                         11,039                 0                 0 
Special drawing rights certificate account                        2,200                 0                 0 
Coin                                                                725         +       3         -     271 
Securities, repurchase agreements, and loans                    690,731         -  19,746         +  27,547 
   Securities held outright                                     666,720         +      55         +  37,304 
      U.S. Treasury (1)                                         666,720         +      55         +  37,314 
         Bills (2)                                              244,897         +      64         +  18,215 
         Notes and bonds, nominal (2)                           406,173                 0         +  16,954 
         Notes and bonds, inflation-indexed (2)                    13,994                 0         +   1,752 
         Inflation compensation (3)                               1,655         -      10         +     392 
      Federal agency (2)                                              0                 0         -      10 
   Repurchase agreements (4)                                     24,000         -  19,750         -   9,750 
   Loans                                                             11         -      51         -       7 
Items in process of collection                    (1,002)        11,241         +   3,448         +   2,888 
Bank premises                                                     1,624         -       4         +      83 
Other assets (5)                                                 39,159         +     573         +   1,676 
      Total assets                                (1,002)       756,718         -  15,726         +  31,922 
                                                     
Liabilities                                          
Federal Reserve notes net of FR Bank holdings                  683,391         -   6,366         +  36,321 
Reverse repurchase agreements (6)                                19,587         -   6,065         +     878 
Deposits                                              (0)        25,080         -   4,580         -   6,055 
  Depository institutions                                        19,856         -   3,202         -   5,340 
  U.S. Treasury, general account                                  4,915         -     808         -     575 
  Foreign official                                                   84         -      78         -      15 
  Other                                               (0)           225         -     492         -     125 
Deferred availability cash items                  (1,002)         8,279         +     697         -     220 
Other liabilities and accrued dividends (7)                       2,102         +       2         -     120 
      Total liabilities                           (1,002)       738,438         -  16,312         +  30,803 
                                                     
Capital Accounts                                     
Capital paid in                                                   8,851         +       4         +     465 
Surplus                                                           8,847                 0         +     499 
Other capital accounts                                              583         +     583         +     157 
      Total capital                                              18,281         +     587         +   1,120 
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 collateralized 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, January 7, 2004
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               1        48,447    +     714             0            0        24,000        19,587
16 days to 90 days          10       147,438    +   8,091             0            0             0             0
91 days to 1 year            0       162,313    -   1,758             0            0      ------       ------   
Over 1 to 5 years     ------         180,071    -   6,985             0            0      ------       ------   
Over 5 to 10 years    ------          51,309    -       3             0            0      ------       ------   
Over 10 years         ------          77,142    -       4             0            0      ------       ------   
           
All                         11       666,720    +      55             0            0        24,000       19,587 
 
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 January 7, 2004
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                                             725          25          29          37          32          83          81          92          53          24          42         140          86 
Securities, repurchase agreements,                                 
      and loans                              690,731      32,233     309,244      20,844      31,241      51,273      45,043      67,380      20,976      14,882      17,919      26,129      53,568 
   Securities held outright                  666,720      32,233     285,244      20,844      31,241      51,273      45,041      67,372      20,976      14,882      17,918      26,129      53,567 
      U.S. Treasury (1)                      666,720      32,233     285,244      20,844      31,241      51,273      45,041      67,372      20,976      14,882      17,918      26,129      53,567 
         Bills (2)                           244,897      11,840     104,775       7,656      11,475      18,833      16,544      24,747       7,705       5,466       6,581       9,597      19,676 
         Notes and bonds(3)                  421,823      20,393     180,469      13,188      19,766      32,439      28,497      42,625      13,271       9,416      11,336      16,531      33,891 
         Federal agency (2)                        0           0           0           0           0           0           0           0           0           0           0           0           0 
      Repurchase agreements(4)                24,000           0      24,000           0           0           0           0           0           0           0           0           0           0 
      Loans                                       11           0           0           0           0           0           2           7           0           0           1           0           0 
Items in process of collection                12,243         680       1,035         612         459         559         988       1,347         562         708         680         722       3,892 
Bank premises                                  1,624          93         189          53         151         145         278         125          49         125          57         182         178 
Other assets(5)                               39,159       1,821      13,806       1,156       2,485       6,358       2,271       3,655         999       1,189         929       1,098       3,392 
Interdistrict settlement account                   0     + 2,263     - 5,022     -    22     - 2,309     +   222     + 1,532     - 7,854     - 1,748     -   686     -   603     + 5,584     + 8,641 
          Total Assets                       757,721      37,725     324,863      23,143      32,640      59,595      51,221      65,939      21,292      16,496      19,393      34,460      70,954 
 
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 January 7, 2004
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             799,397      38,741     326,440      29,309      33,026      60,125      65,473      67,259      23,290      15,595      21,594      39,747      78,796 
  Less: notes held by F.R. Banks              116,006       5,070      24,809       8,833       4,900       9,939      19,369       8,608       4,127       1,519       4,278       7,585      16,968 
    Federal Reserve notes, net                683,391      33,671     301,631      20,476      28,126      50,186      46,104      58,652      19,163      14,075      17,317      32,162      61,828 
Reverse repurchase agreements (1)              19,587         947       8,380         612         918       1,506       1,323       1,979         616         437         526         768       1,574 
Deposits                                       25,080       1,398       8,644       1,066       1,505       2,822       1,654       2,397         671         691         594         697       2,941 
  Depository institutions                      19,856       1,396       3,508       1,065       1,501       2,756       1,653       2,394         668         690         592         696       2,938 
  U.S. Treasury, general account                4,915           0       4,915           0           0           0           0           0           0           0           0           0           0 
  Foreign official                                 84           2          60           1           3           7           2           3           1           1           1           1           3 
  Other                                           225           1         161           0           1          58           0           0           1           0           1           1           0 
Deferred availability cash items                9,281         666       1,221         368         498         662         953         790         273         511         537         490       2,312 
Other liabilities and accrued                                                 
  dividends (2)                                 2,102         122         661          90         110         210         175         215          98          78          81         106         156 
                                                                    
    Total liabilities                         739,440      36,804     320,537      22,612      31,156      55,386      50,209      64,033      20,821      15,793      19,054      34,223      68,811 
                                                                    
Capital                                                             
Capital paid in                                 8,851         448       2,031         259         727       2,074         490         931         227         345         160         111       1,048 
Surplus                                         8,847         448       2,031         259         727       2,074         489         924         228         346         162         111       1,048 
Other capital                                     583          24         264          14          30          61          33          50          16          13          15          16          47 
     Total liabilities and capital            757,721      37,725     324,863      23,143      32,640      59,595      51,221      65,939      21,292      16,496      19,393      34,460      70,954 
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
Jan 7, 2004
Federal Reserve notes outstanding          799,397  
   Less: Notes held by F.R. Banks         
         not subject to collateralization   116,006  
      Federal Reserve Notes to be         
         collateralized                    683,391  
Collateral held against Federal Reserve             
   notes                                   683,391  
   Gold certificate account                 11,039  
   Special drawing rights                 
     certificate account                     2,200  
   U.S. Treasury and agency securities    
     pledged (1)                           670,152  
   Other assets pledged                          0  
                                          
Memo:                                     
Total U.S. Treasury and agency            
       securities (1)                      690,720  
   Less:face value of securities under    
         reverse repurchase agreements      19,592  
      U.S. Treasury and agency securities  
             eligible to be pledged        671,128  
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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