Federal Reserve Statistical Release, H.4.1, Factors Affecting Reserve Balances; title with eagle logo links to Statistical Release home page
Release Date:  May 06, 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
May 6, 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
May 5, 2004
Week ended
May 5, 2004
Change from week ended
Apr 28, 2004 May 7, 2003
                                                              
Reserve Bank Credit                                         742,139     -   2,616     +  33,899       738,594 
 Securities held outright                                   677,738     +   2,199     +  30,319       677,811 
    U.S. Treasury (1)                                       677,738     +   2,199     +  30,329       677,811 
       Bills (2)                                            250,101     +   2,180     +  13,726       250,163 
       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)                             1,785     +      19     +     342         1,796 
    Federal agency (2)                                            0             0     -      10             0 
 Repurchase agreements(4)                                    24,464     -   4,965     +   3,927        20,000 
 Loans to depository institutions                                88     +       1     +      38            97 
    Primary credit                                                6     -      10     +       2             8 
    Secondary credit                                              0             0             0             0 
    Seasonal credit                                              82     +      11     +      36            89 
 Float                                                         -744     +      11     -     857          -295 
 Other Federal Reserve assets                               40,591    +     136    +     471       40,980 
Gold stock                                                   11,045             0     +       2        11,045 
Special drawing rights certificate account                    2,200             0             0         2,200 
Treasury currency outstanding (5)                            35,727     +      14     +     820        35,727 
                                                              
Total factors supplying reserve funds                       791,111     -   2,603     +  34,721       787,566 
                                                                          
Currency in circulation(5)                                  718,390     +   2,172     +  29,575       720,248 
Reverse repurchase agreements (6)                            21,477     +   1,073     +     152        20,653 
   Foreign official and international accounts               21,477     +   1,073     +     152        20,653 
   Dealers                                                        0             0             0             0 
Treasury cash holdings                                          319     -       8     -      22           308 
Deposits with F.R.Banks, other than reserve balances         17,051     -     778     -   1,542        16,886 
  U.S. Treasury, general account                              6,025     -   1,419     -   1,088         5,960 
  Foreign official                                              130     +      27     +      28            87 
  Service-related                                            10,563     +     593     -     546        10,563 
     Required clearing balances                              10,563     +     593     -     319        10,563 
     Adjustments to compensate for float                          0             0     -     227             0 
  Other                                                         332     +      20     +      63           275 
Other liabilities and capital                                20,922     +     202     +     591        21,120 
                                                              
Total factors, other than reserve balances,                                                       
   absorbing reserve funds                                  778,159     +   2,661     +  28,755       779,216 
                                                              
Reserve balances with Federal Reserve Banks                  12,952     -   5,264     +   5,965         8,350 
                                                                          
                                                              
Memo (off-balance-sheet items):                               
  Marketable securities held in custody for foreign           
         official and international accounts(2,7)         1,194,358     +  10,085     + 300,482     1,196,633 
     U.S. Treasury                                          964,735     +   7,739     + 252,595       966,464 
     Federal agency                                         229,623     +   2,346     +  47,887       230,169 
  Securities lent to dealers                                  3,713     +     930     +   3,253         1,827 
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
May 5, 2004
Wednesday
Apr 28, 2004
Wednesday
May 7, 2003
Assets                                               
Gold certificate account                                         11,041                 0         +       2 
Special drawing rights certificate account                        2,200                 0                 0 
Coin                                                                799         -      17         -     204 
Securities, repurchase agreements, and loans                    697,908         -  16,057         +  28,018 
   Securities held outright                                     677,811         +   1,428         +  30,231 
      U.S. Treasury (1)                                         677,811         +   1,428         +  30,241 
         Bills (2)                                              250,163         +   1,406         +  13,634 
         Notes and bonds, nominal (2)                           411,388                 0         +  14,612 
         Notes and bonds, inflation-indexed (2)                    14,464                 0         +   1,650 
         Inflation compensation (3)                               1,796         +      22         +     346 
      Federal agency (2)                                              0                 0         -      10 
   Repurchase agreements (4)                                     20,000         -  17,500         -   2,251 
   Loans                                                             97         +      16         +      38 
Items in process of collection                    (1,112)         6,843         +   1,536         -   2,713 
Bank premises                                                     1,672         +       8         +      94 
Other assets (5)                                                 39,247         +     447         +     106 
      Total assets                                (1,112)       759,711         -  14,081         +  25,304 
                                                     
Liabilities                                          
Federal Reserve notes net of FR Bank holdings                  685,624         +   1,630         +  28,407 
Reverse repurchase agreements (6)                                20,653         +     964         -      14 
Deposits                                              (0)        25,174         -  18,100         -   2,698 
  Depository institutions                                        18,852         -  17,489         -   2,565 
  U.S. Treasury, general account                                  5,960         -     580         -      90 
  Foreign official                                                   87         -      13         -      58 
  Other                                               (0)           275         -      18         +      16 
Deferred availability cash items                  (1,112)         7,140         +     965         -   1,402 
Other liabilities and accrued dividends (7)                       2,271         -      23         -      23 
      Total liabilities                           (1,112)       740,863         -  14,563         +  24,271 
                                                     
Capital Accounts                                     
Capital paid in                                                   9,039         +       9         +     475 
Surplus                                                           8,847         +      53         +     467 
Other capital accounts                                              963         +     422         +      92 
      Total capital                                              18,849         +     484         +   1,033 
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, May 5, 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              12        58,392    +   1,688             0            0        20,000        20,653
16 days to 90 days          85       146,267    -   2,401             0            0             0             0
91 days to 1 year            0       160,782    +   1,077             0            0      ------       ------   
Over 1 to 5 years     ------         184,872    +   1,049             0            0      ------       ------   
Over 5 to 10 years    ------          50,027    +       5             0            0      ------       ------   
Over 10 years         ------          77,470    +       8             0            0      ------       ------   
           
All                         97       677,811    +   1,428             0            0        20,000       20,653 
 
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 May 5, 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                                             799          39          33          51          39          78          73         106          55          30          48         144         105 
Securities, repurchase agreements,                                 
      and loans                              697,908      31,833     313,908      20,160      28,963      51,517      45,713      61,089      19,928      14,812      17,819      30,905      61,264 
   Securities held outright                  677,811      31,828     293,908      20,160      28,963      51,517      45,710      61,056      19,913      14,784      17,812      30,905      61,256 
      U.S. Treasury (1)                      677,811      31,828     293,908      20,160      28,963      51,517      45,710      61,056      19,913      14,784      17,812      30,905      61,256 
         Bills (2)                           250,163      11,747     108,474       7,440      10,689      19,013      16,870      22,534       7,350       5,456       6,574      11,406      22,608 
         Notes and bonds(3)                  427,648      20,081     185,434      12,719      18,273      32,503      28,840      38,522      12,564       9,328      11,238      19,499      38,648 
         Federal agency (2)                        0           0           0           0           0           0           0           0           0           0           0           0           0 
      Repurchase agreements(4)                20,000           0      20,000           0           0           0           0           0           0           0           0           0           0 
      Loans                                       97           4           0           0           0           0           3          33          14          28           7           0           8 
Items in process of collection                 7,955         489         406         436         455         612         807         426         436         432         606         447       2,405 
Bank premises                                  1,672          96         191          52         153         145         278         130          50         124          74         199         180 
Other assets(5)                               39,247       1,784      14,226       1,145       2,379       6,039       2,260       3,540       1,031       1,150         817       1,031       3,844 
Interdistrict settlement account                   0     + 2,875     -18,429     + 2,661     - 1,813     - 1,998     +   892     +   618     +   475     -   501     +   849     + 3,939     +10,433 
          Total Assets                       760,823      37,725     315,860      24,970      30,732      57,358      51,083      67,045      22,370      16,294      20,580      37,288      79,519 
 
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 May 5, 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             806,972      38,420     321,884      29,883      32,123      59,524      64,487      67,980      23,460      15,639      22,599      41,743      89,229 
  Less: notes held by F.R. Banks              121,348       4,607      30,808       8,509       5,452      10,664      19,208       7,764       3,256       1,396       4,101       7,009      18,573 
    Federal Reserve notes, net                685,624      33,814     291,075      21,374      26,671      48,859      45,279      60,216      20,204      14,243      18,498      34,734      70,657 
Reverse repurchase agreements (1)              20,653         970       8,956         614         883       1,570       1,393       1,860         607         450         543         942       1,867 
Deposits                                       25,174       1,124       9,896       1,728       1,092       1,858       2,195       2,259         691         429         678         772       2,451 
  Depository institutions                      18,852       1,118       3,709       1,727       1,090       1,752       2,193       2,255         689         424         677         772       2,448 
  U.S. Treasury, general account                5,960           0       5,960           0           0           0           0           0           0           0           0           0           0 
  Foreign official                                 87           2          64           1           2           7           2           3           1           1           1           0           4 
  Other                                           275           5         162           0           0          99           0           1           1           4           1           0           0 
Deferred availability cash items                8,251         677         759         588         450         622       1,011         584         281         461         450         457       1,911 
Other liabilities and accrued                                                 
  dividends (2)                                 2,271         130         706          91         119         253         183         215         103          78          85         119         188 
                                                                    
    Total liabilities                         741,974      36,714     311,392      24,396      29,216      53,162      50,061      65,134      21,886      15,661      20,254      37,024      77,074 
                                                                    
Capital                                                             
Capital paid in                                 9,039         499       2,106         277         739       2,056         486         912         232         265         152         127       1,187 
Surplus                                         8,847         448       2,031         259         727       2,074         489         924         228         346         162         111       1,048 
Other capital                                     963          63         332          38          49          66          46          74          23          23          13          26         210 
     Total liabilities and capital            760,823      37,725     315,860      24,970      30,732      57,358      51,083      67,045      22,370      16,294      20,580      37,288      79,519 
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
May 5, 2004
Federal Reserve notes outstanding          806,972  
   Less: Notes held by F.R. Banks         
         not subject to collateralization   121,348  
      Federal Reserve Notes to be         
         collateralized                    685,624  
Collateral held against Federal Reserve             
   notes                                   685,624  
   Gold certificate account                 11,041  
   Special drawing rights                 
     certificate account                     2,200  
   U.S. Treasury and agency securities    
     pledged (1)                           672,383  
   Other assets pledged                          0  
                                          
Memo:                                     
Total U.S. Treasury and agency            
       securities (1)                      697,811  
   Less:face value of securities under    
         reverse repurchase agreements      20,658  
      U.S. Treasury and agency securities  
             eligible to be pledged        677,153  
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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