Federal Reserve Statistical Release, H.4.1, Factors Affecting Reserve Balances; title with eagle logo links to Statistical Release home page
Release Date:  April 29, 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 29, 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 28, 2004
Week ended
Apr 28, 2004
Change from week ended
Apr 21, 2004 Apr 30, 2003
                                                              
Reserve Bank Credit                                         744,758     +   5,728     +  28,884       753,639 
 Securities held outright                                   675,539     +     753     +  28,482       676,383 
    U.S. Treasury (1)                                       675,539     +     753     +  28,492       676,383 
       Bills (2)                                            247,921     +     733     +  11,886       248,757 
       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)                             1,766     +      20     +     344         1,774 
    Federal agency (2)                                            0             0     -      10             0 
 Repurchase agreements(4)                                    29,429     +   4,900     +     678        37,500 
 Loans to depository institutions                                87     -       8     +      57            81 
    Primary credit                                               16     -      18     +      16             5 
    Secondary credit                                              0             0             0             0 
    Seasonal credit                                              71     +      10     +      42            77 
 Float                                                         -753     -      65     -     978          -880 
 Other Federal Reserve assets                               40,455    +     147    +     644       40,555 
Gold stock                                                   11,045             0     +       2        11,045 
Special drawing rights certificate account                    2,200             0             0         2,200 
Treasury currency outstanding (5)                            35,713     +      14     +     823        35,713 
                                                              
Total factors supplying reserve funds                       793,716     +   5,742     +  29,709       802,598 
                                                                          
Currency in circulation(5)                                  716,218     -     596     +  28,974       718,575 
Reverse repurchase agreements (6)                            20,404     +     984     -     545        19,689 
   Foreign official and international accounts               20,404     +     984     -     545        19,689 
   Dealers                                                        0             0             0             0 
Treasury cash holdings                                          327     -      11     -      23           321 
Deposits with F.R.Banks, other than reserve balances         17,829     +     819     -   2,300        16,903 
  U.S. Treasury, general account                              7,444     +     814     -   1,319         6,540 
  Foreign official                                              103     +       7     -      29           100 
  Service-related                                             9,970             0     -   1,038         9,970 
     Required clearing balances                               9,970             0     -     859         9,970 
     Adjustments to compensate for float                          0             0     -     179             0 
  Other                                                         312     -       1     +      87           293 
Other liabilities and capital                                20,720     +     158     +     555        20,659 
                                                              
Total factors, other than reserve balances,                                                       
   absorbing reserve funds                                  775,498     +   1,354     +  26,661       776,147 
                                                              
Reserve balances with Federal Reserve Banks                  18,218     +   4,388     +   3,048        26,451 
                                                                          
                                                              
Memo (off-balance-sheet items):                               
  Marketable securities held in custody for foreign           
         official and international accounts(2,7)         1,184,273     -   1,862     + 297,251     1,181,534 
     U.S. Treasury                                          956,996     +     953     + 247,146       956,819 
     Federal agency                                         227,277     -   2,816     +  50,106       224,715 
  Securities lent to dealers                                  2,783     +     112     +   2,273         3,776 
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 28, 2004
Wednesday
Apr 21, 2004
Wednesday
Apr 30, 2003
Assets                                               
Gold certificate account                                         11,041                 0         +       2 
Special drawing rights certificate account                        2,200                 0                 0 
Coin                                                                816         -      15         -     205 
Securities, repurchase agreements, and loans                    713,965         +  16,195         +  29,148 
   Securities held outright                                     676,383         +   1,446         +  29,102 
      U.S. Treasury (1)                                         676,383         +   1,446         +  29,112 
         Bills (2)                                              248,757         +   1,425         +  12,508 
         Notes and bonds, nominal (2)                           411,388                 0         +  14,612 
         Notes and bonds, inflation-indexed (2)                    14,464                 0         +   1,650 
         Inflation compensation (3)                               1,774         +      21         +     343 
      Federal agency (2)                                              0                 0         -      10 
   Repurchase agreements (4)                                     37,500         +  14,750         -       1 
   Loans                                                             81         -       2         +      46 
Items in process of collection                    (1,131)         5,307         -   1,537         -   2,866 
Bank premises                                                     1,664         +       1         +      87 
Other assets (5)                                                 38,800         +     300         +     388 
      Total assets                                (1,131)       773,792         +  14,943         +  26,553 
                                                     
Liabilities                                          
Federal Reserve notes net of FR Bank holdings                  683,994         +   1,468         +  28,768 
Reverse repurchase agreements (6)                                19,689         +     429         -   1,125 
Deposits                                              (0)        43,274         +  13,538         +     267 
  Depository institutions                                        36,341         +  12,953         +   4,461 
  U.S. Treasury, general account                                  6,540         +     654         -   4,043 
  Foreign official                                                  100         -      65         -     213 
  Other                                               (0)           293         -       4         +      62 
Deferred availability cash items                  (1,131)         6,175         -     690         -   1,967 
Other liabilities and accrued dividends (7)                       2,294         +      52         +      24 
      Total liabilities                           (1,131)       755,426         +  14,797         +  25,966 
                                                     
Capital Accounts                                     
Capital paid in                                                   9,030         +       7         +     485 
Surplus                                                           8,794         +      26         +     414 
Other capital accounts                                              541         +     112         -     313 
      Total capital                                              18,365         +     145         +     586 
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 28, 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              78        56,704    +   1,025             0            0        37,500        19,689
16 days to 90 days           3       148,668    +   1,234             0            0             0             0
91 days to 1 year            0       159,705    -     833             0            0      ------       ------   
Over 1 to 5 years     ------         183,823    +       8             0            0      ------       ------   
Over 5 to 10 years    ------          50,022    +       5             0            0      ------       ------   
Over 10 years         ------          77,462    +       7             0            0      ------       ------   
           
All                         81       676,383    +   1,446             0            0        37,500       19,689 
 
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 28, 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                                             816          41          34          52          39          79          72         110          57          30          51         145         106 
Securities, repurchase agreements,                                 
      and loans                              713,965      31,771     330,789      20,117      28,902      51,408      45,614      60,956      19,885      14,773      17,782      30,841      61,128 
   Securities held outright                  676,383      31,761     293,289      20,117      28,902      51,408      45,614      60,928      19,871      14,753      17,774      30,840      61,127 
      U.S. Treasury (1)                      676,383      31,761     293,289      20,117      28,902      51,408      45,614      60,928      19,871      14,753      17,774      30,840      61,127 
         Bills (2)                           248,757      11,681     107,865       7,399      10,629      18,907      16,776      22,408       7,308       5,426       6,537      11,342      22,481 
         Notes and bonds(3)                  427,626      20,080     185,424      12,719      18,273      32,501      28,838      38,520      12,563       9,327      11,237      19,498      38,646 
         Federal agency (2)                        0           0           0           0           0           0           0           0           0           0           0           0           0 
      Repurchase agreements(4)                37,500           0      37,500           0           0           0           0           0           0           0           0           0           0 
      Loans                                       81          10           0           0           0           0           0          29          14          20           7           1           1 
Items in process of collection                 6,437         344         504         388         358         453         572         404         321         351         419         324       1,998 
Bank premises                                  1,664          96         191          52         153         145         279         129          49         124          74         193         180 
Other assets(5)                               38,800       1,761      14,118       1,133       2,342       5,942       2,228       3,492       1,020       1,131         810       1,025       3,797 
Interdistrict settlement account                   0     + 2,970     -25,672     + 1,831     +   516     + 1,011     + 2,051     + 1,720     +   447     -   336     +   894     + 3,907     +10,661 
          Total Assets                       774,923      37,592     325,489      24,039      32,866      60,004      51,876      67,947      22,175      16,321      20,398      37,058      79,159 
 
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 28, 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             806,932      38,465     322,084      29,669      32,167      59,621      64,551      68,064      23,445      15,660      22,339      41,637      89,229 
  Less: notes held by F.R. Banks              122,938       4,753      31,143       8,491       5,501      11,007      18,922       7,964       3,383       1,411       4,188       7,042      19,134 
    Federal Reserve notes, net                683,994      33,712     290,941      21,178      26,666      48,614      45,629      60,101      20,062      14,249      18,151      34,595      70,095 
Reverse repurchase agreements (1)              19,689         925       8,537         586         841       1,496       1,328       1,774         578         429         517         898       1,779 
Deposits                                       43,274       1,302      20,295       1,109       3,312       5,019       2,893       3,453         723         488         917         817       2,944 
  Depository institutions                      36,341       1,288      13,511       1,108       3,308       4,906       2,891       3,450         721         487         916         816       2,940 
  U.S. Treasury, general account                6,540           0       6,540           0           0           0           0           0           0           0           0           0           0 
  Foreign official                                100           2          77           1           2           7           2           3           1           1           1           0           4 
  Other                                           293          13         168           0           2         106           0           0           1           0           1           1           0 
Deferred availability cash items                7,306         546         635         512         457         532         840         537         240         462         405         376       1,764 
Other liabilities and accrued                                                 
  dividends (2)                                 2,294         131         702          92         119         264         188         215         104          81          87         119         193 
                                                                    
    Total liabilities                         756,557      36,616     321,111      23,476      31,396      55,925      50,877      66,080      21,708      15,710      20,078      36,804      76,775 
                                                                    
Capital                                                             
Capital paid in                                 9,030         499       2,106         277         739       2,058         486         912         232         265         151         120       1,185 
Surplus                                         8,794         448       2,031         259         727       2,021         489         924         228         346         162         111       1,048 
Other capital                                     541          28         241          26           4           0          24          31           7           1           7          23         151 
     Total liabilities and capital            774,923      37,592     325,489      24,039      32,866      60,004      51,876      67,947      22,175      16,321      20,398      37,058      79,159 
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 28, 2004
Federal Reserve notes outstanding          806,932  
   Less: Notes held by F.R. Banks         
         not subject to collateralization   122,938  
      Federal Reserve Notes to be         
         collateralized                    683,994  
Collateral held against Federal Reserve             
   notes                                   683,994  
   Gold certificate account                 11,041  
   Special drawing rights                 
     certificate account                     2,200  
   U.S. Treasury and agency securities    
     pledged (1)                           670,753  
   Other assets pledged                          0  
                                          
Memo:                                     
Total U.S. Treasury and agency            
       securities (1)                      713,883  
   Less:face value of securities under    
         reverse repurchase agreements      19,693  
      U.S. Treasury and agency securities  
             eligible to be pledged        694,190  
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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