Federal Reserve Statistical Release, H.4.1, Factors Affecting Reserve Balances; title with eagle logo links to Statistical Release home page
Release Date:  April 22, 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
April 22, 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
Apr 21, 2004
Week ended
Apr 21, 2004
Change from week ended
Apr 14, 2004 Apr 23, 2003
                                                              
Reserve Bank Credit                                         739,030     -   1,186     +  29,315       738,002 
 Securities held outright                                   674,786     +     266     +  27,934       674,937 
    U.S. Treasury (1)                                       674,786     +     266     +  27,944       674,937 
       Bills (2)                                            247,188     +     246     +  11,333       247,332 
       Notes and bonds, nominal (2)                         411,388             0     +  14,612       411,388 
       Notes and bonds, inflation-indexed (2)                14,464             0     +   1,650        14,464 
       Inflation compensation (3)                             1,746     +      21     +     350         1,753 
    Federal agency (2)                                            0             0     -      10             0 
 Repurchase agreements(4)                                    24,529     -   1,200     +     636        22,750 
 Loans to depository institutions                                95     +      10     +      67            83 
    Primary credit                                               34     +       1     +      30            18 
    Secondary credit                                              0             0             0             0 
    Seasonal credit                                              61     +       9     +      37            65 
 Float                                                         -688     -     223     -     283           -22 
 Other Federal Reserve assets                               40,308    -      39    +     961       40,253 
Gold stock                                                   11,045             0     +       2        11,045 
Special drawing rights certificate account                    2,200             0             0         2,200 
Treasury currency outstanding (5)                            35,699     +      14     +     832        35,699 
                                                              
Total factors supplying reserve funds                       787,974     -   1,172     +  30,149       786,946 
                                                                          
Currency in circulation(5)                                  716,814     -     685     +  29,273       717,070 
Reverse repurchase agreements (6)                            19,420     -     716     -   1,132        19,260 
   Foreign official and international accounts               19,420     -     716     -   1,132        19,260 
   Dealers                                                        0             0             0             0 
Treasury cash holdings                                          338     -       7     -      22           328 
Deposits with F.R.Banks, other than reserve balances         17,010     +     864     -   3,669        16,318 
  U.S. Treasury, general account                              6,630     +   1,472     -   2,297         5,886 
  Foreign official                                               96     +      13     -      10           165 
  Service-related                                             9,970     -     598     -   1,343         9,970 
     Required clearing balances                               9,970     -     597     -     859         9,970 
     Adjustments to compensate for float                          0     -       2     -     484             0 
  Other                                                         313     -      25     -      20           297 
Other liabilities and capital                                20,562     +       6     +     417        20,462 
                                                              
Total factors, other than reserve balances,                                                       
   absorbing reserve funds                                  774,144     -     539     +  24,867       773,438 
                                                              
Reserve balances with Federal Reserve Banks                  13,830     -     633     +   5,282        13,508 
                                                                          
                                                              
Memo (off-balance-sheet items):                               
  Marketable securities held in custody for foreign           
         official and international accounts(2,7)         1,186,135     +   5,757     + 293,051     1,186,773 
     U.S. Treasury                                          956,043     +   6,468     + 238,811       957,442 
     Federal agency                                         230,093     -     710     +  54,241       229,331 
  Securities lent to dealers                                  2,671     +   1,712     +   2,571         2,235 
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
Apr 21, 2004
Wednesday
Apr 14, 2004
Wednesday
Apr 23, 2003
Assets                                               
Gold certificate account                                         11,041                 0         +       3 
Special drawing rights certificate account                        2,200                 0                 0 
Coin                                                                831         -       3         -     212 
Securities, repurchase agreements, and loans                    697,770         -   6,733         +  26,339 
   Securities held outright                                     674,937         +     220         +  28,036 
      U.S. Treasury (1)                                         674,937         +     220         +  28,046 
         Bills (2)                                              247,332         +     200         +  11,437 
         Notes and bonds, nominal (2)                           411,388                 0         +  14,612 
         Notes and bonds, inflation-indexed (2)                    14,464                 0         +   1,650 
         Inflation compensation (3)                               1,753         +      20         +     347 
      Federal agency (2)                                              0                 0         -      10 
   Repurchase agreements (4)                                     22,750         -   6,950         -   1,750 
   Loans                                                             83         -       3         +      53 
Items in process of collection                    (1,028)         6,844         +   1,123         -     745 
Bank premises                                                     1,663         +       1         +     103 
Other assets (5)                                                 38,500         -     144         +     204 
      Total assets                                (1,028)       758,849         -   5,756         +  25,692 
                                                     
Liabilities                                          
Federal Reserve notes net of FR Bank holdings                  682,526         -   1,738         +  27,501 
Reverse repurchase agreements (6)                                19,260         -     210         -     731 
Deposits                                              (0)        29,736         -   4,322         -     633 
  Depository institutions                                        23,388         -   5,334         +   2,643 
  U.S. Treasury, general account                                  5,886         +     984         -   3,399 
  Foreign official                                                  165         +      80         +      60 
  Other                                               (0)           297         -      53         +      63 
Deferred availability cash items                  (1,028)         6,865         +     368         -   1,103 
Other liabilities and accrued dividends (7)                       2,242         -      27         -      33 
      Total liabilities                           (1,028)       740,629         -   5,930         +  25,001 
                                                     
Capital Accounts                                     
Capital paid in                                                   9,023         +      40         +     497 
Surplus                                                           8,768         +       1         +     388 
Other capital accounts                                              429         +     133         -     194 
      Total capital                                              18,220         +     174         +     691 
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, April 21, 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              83        55,679    +   9,394             0            0        22,750        19,260
16 days to 90 days           0       147,434    -   8,272             0            0             0             0
91 days to 1 year            0       160,538    -     922             0            0      ------       ------   
Over 1 to 5 years     ------         183,815    +       8             0            0      ------       ------   
Over 5 to 10 years    ------          50,017    +       5             0            0      ------       ------   
Over 10 years         ------          77,455    +       8             0            0      ------       ------   
           
All                         83       674,937    +     220             0            0        22,750       19,260 
 
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 April 21, 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                      11,041         494       4,651         382         452         819         894         924         325         218         302         525       1,055 
Special drawing rights certificate acct.       2,200         115         874          83         104         147         166         212          71          30          66          98         234 
Coin                                             831          38          37          53          42          83          77         113          59          31          51         146         102 
Securities, repurchase agreements,                                 
      and loans                              697,770      31,702     315,412      20,074      28,840      51,298      45,516      60,818      19,843      14,737      17,743      30,774      61,014 
   Securities held outright                  674,937      31,693     292,662      20,074      28,840      51,298      45,516      60,797      19,829      14,721      17,736      30,774      60,996 
      U.S. Treasury (1)                      674,937      31,693     292,662      20,074      28,840      51,298      45,516      60,797      19,829      14,721      17,736      30,774      60,996 
         Bills (2)                           247,332      11,614     107,246       7,356      10,569      18,798      16,679      22,279       7,266       5,395       6,499      11,277      22,352 
         Notes and bonds(3)                  427,605      20,079     185,415      12,718      18,272      32,500      28,837      38,518      12,563       9,327      11,237      19,497      38,644 
         Federal agency (2)                        0           0           0           0           0           0           0           0           0           0           0           0           0 
      Repurchase agreements(4)                22,750           0      22,750           0           0           0           0           0           0           0           0           0           0 
      Loans                                       83           8           0           0           0           0           0          20          14          16           7           0          18 
Items in process of collection                 7,872         794         399         326         462         836         658         442         335         400         461         436       2,323 
Bank premises                                  1,663          96         191          52         152         144         279         128          49         124          74         194         180 
Other assets(5)                               38,500       1,745      13,972       1,159       2,330       5,918       2,204       3,462       1,009       1,124         802       1,007       3,769 
Interdistrict settlement account                   0     + 2,793     -19,003     + 1,518     - 1,639     + 1,579     +   316     +   184     +   237     -   378     +   693     + 3,772     + 9,928 
          Total Assets                       759,877      37,776     316,531      23,648      30,743      60,825      50,109      66,282      21,928      16,286      20,192      36,952      78,605 
 
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 April 21, 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             806,847      38,798     323,155      29,453      32,297      59,820      63,964      67,868      23,430      15,740      22,287      41,414      88,621 
  Less: notes held by F.R. Banks              124,321       4,839      32,008       8,491       5,435      11,291      19,244       7,898       3,516       1,430       4,219       7,001      18,949 
    Federal Reserve notes, net                682,526      33,959     291,147      20,962      26,862      48,529      44,720      59,970      19,914      14,310      18,068      34,413      69,672 
Reverse repurchase agreements (1)              19,260         904       8,351         573         823       1,464       1,299       1,735         566         420         506         878       1,741 
Deposits                                       29,736       1,248      11,356       1,002         984       6,038       1,985       1,928         603         433         822         734       2,603 
  Depository institutions                      23,388       1,232       5,165       1,001         980       5,920       1,983       1,924         600         432         820         732       2,599 
  U.S. Treasury, general account                5,886           0       5,886           0           0           0           0           0           0           0           0           0           0 
  Foreign official                                165           2         141           1           2           7           2           3           1           1           1           0           4 
  Other                                           297          15         164           0           2         111           0           0           2           0           1           1           0 
Deferred availability cash items                7,894         574         635         468         494         493         939         592         265         437         393         557       2,047 
Other liabilities and accrued                                                 
  dividends (2)                                 2,242         129         694          91         121         234         185         215         102          81          85         116         188 
                                                                    
    Total liabilities                         741,657      36,815     312,184      23,095      29,285      56,758      49,128      64,440      21,450      15,680      19,874      36,697      76,250 
                                                                    
Capital                                                             
Capital paid in                                 9,023         499       2,106         275         739       2,058         486         909         232         265         151         120       1,184 
Surplus                                         8,768         448       2,031         259         719       2,009         489         924         228         340         162         111       1,048 
Other capital                                     429          14         212          20           0           0           7           8          18           0           4          24         123 
     Total liabilities and capital            759,877      37,776     316,531      23,648      30,743      60,825      50,109      66,282      21,928      16,286      20,192      36,952      78,605 
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
Apr 21, 2004
Federal Reserve notes outstanding          806,847  
   Less: Notes held by F.R. Banks         
         not subject to collateralization   124,321  
      Federal Reserve Notes to be         
         collateralized                    682,526  
Collateral held against Federal Reserve             
   notes                                   682,526  
   Gold certificate account                 11,041  
   Special drawing rights                 
     certificate account                     2,200  
   U.S. Treasury and agency securities    
     pledged (1)                           669,285  
   Other assets pledged                          0  
                                          
Memo:                                     
Total U.S. Treasury and agency            
       securities (1)                      697,687  
   Less:face value of securities under    
         reverse repurchase agreements      19,265  
      U.S. Treasury and agency securities  
             eligible to be pledged        678,423  
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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