Federal Reserve Statistical Release, H.4.1, Factors Affecting Reserve Balances; title with eagle logo links to Statistical Release home page
Release Date:  June 03, 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
June 3, 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
Jun 2, 2004
Week ended
Jun 2, 2004
Change from week ended
May 26, 2004 Jun 4, 2003
                                                              
Reserve Bank Credit                                         749,607     +   5,939     +  32,711       742,972 
 Securities held outright                                   681,468     +   1,441     +  30,266       681,483 
    U.S. Treasury (1)                                       681,468     +   1,441     +  30,276       681,483 
       Bills (2)                                            250,462     +      62     +  12,452       250,472 
       Notes and bonds, nominal (2)                         414,659     +   1,355     +  15,806       414,659 
       Notes and bonds, inflation-indexed (2)                14,464             0     +   1,650        14,464 
       Inflation compensation (3)                             1,883     +      24     +     369         1,888 
    Federal agency (2)                                            0             0     -      10             0 
 Repurchase agreements(4)                                    29,750     +   3,643     +   1,937        22,500 
 Loans to depository institutions                               127     +       9     +      51           162 
    Primary credit                                                8     +       4     -       4            35 
    Secondary credit                                              0             0             0             0 
    Seasonal credit                                             119     +       5     +      55           127 
 Float                                                          -71     +     150     +     271           554 
 Other Federal Reserve assets                               38,333    +     696    +     186       38,274 
Gold stock                                                   11,045             0     +       1        11,045 
Special drawing rights certificate account                    2,200             0             0         2,200 
Treasury currency outstanding (5)                            35,783     +      14     +     807        35,783 
                                                              
Total factors supplying reserve funds                       798,635     +   5,952     +  33,520       792,001 
                                                                          
Currency in circulation(5)                                  726,421     +   5,693     +  33,483       728,097 
Reverse repurchase agreements (6)                            20,398     +   1,207     -   1,589        20,292 
   Foreign official and international accounts               20,398     +   1,207     -   1,410        20,292 
   Dealers                                                        0             0     -     179             0 
Treasury cash holdings                                          320     -      10     -      56           323 
Deposits with F.R.Banks, other than reserve balances         14,622     -     714     -   3,220        12,122 
  U.S. Treasury, general account                              4,092     -   1,120     -   2,395         1,592 
  Foreign official                                              103     +      20     -      20            82 
  Service-related                                            10,150     +     363     -     853        10,150 
     Required clearing balances                              10,150     +     363     -     682        10,150 
     Adjustments to compensate for float                          0             0     -     170             0 
  Other                                                         277     +      23     +      48           298 
Other liabilities and capital                                21,660     +     376     +   1,670        21,396 
                                                              
Total factors, other than reserve balances,                                                       
   absorbing reserve funds                                  783,421     +   6,552     +  30,289       782,231 
                                                              
Reserve balances with Federal Reserve Banks                  15,213     -     600     +   3,230         9,769 
                                                                          
                                                              
Memo (off-balance-sheet items):                               
  Marketable securities held in custody for foreign           
         official and international accounts(2,7)         1,220,724     +  10,107     + 287,355     1,224,925 
     U.S. Treasury                                          984,852     +   6,392     + 241,333       989,107 
     Federal agency                                         235,872     +   3,715     +  46,022       235,818 
  Securities lent to dealers                                  2,751     -     653     +   1,937         2,625 
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
Jun 2, 2004
Wednesday
May 26, 2004
Wednesday
Jun 4, 2003
Assets                                               
Gold certificate account                                         11,041                 0         +       1 
Special drawing rights certificate account                        2,200                 0                 0 
Coin                                                                718         -      23         -     191 
Securities, repurchase agreements, and loans                    704,145         -  10,366         +  33,668 
   Securities held outright                                     681,483         +     850         +  30,070 
      U.S. Treasury (1)                                         681,483         +     850         +  30,080 
         Bills (2)                                              250,472         +      33         +  12,249 
         Notes and bonds, nominal (2)                           414,659         +     796         +  15,806 
         Notes and bonds, inflation-indexed (2)                    14,464                 0         +   1,650 
         Inflation compensation (3)                               1,888         +      21         +     376 
      Federal agency (2)                                              0                 0         -      10 
   Repurchase agreements (4)                                     22,500         -  11,250         +   3,500 
   Loans                                                            162         +      34         +      97 
Items in process of collection                      (803)         8,714         +   3,002         -   1,169 
Bank premises                                                     1,683         +       5         +     104 
Other assets (5)                                                 36,541         +     390         +      36 
      Total assets                                  (803)       765,042         -   6,991         +  32,448 
                                                     
Liabilities                                          
Federal Reserve notes net of FR Bank holdings                  693,351         +   4,307         +  33,273 
Reverse repurchase agreements (6)                                20,292         +     961         -   1,381 
Deposits                                              (0)        21,842         -  14,631         -     350 
  Depository institutions                                        19,870         -  11,412         +   4,123 
  U.S. Treasury, general account                                  1,592         -   3,252         -   4,534 
  Foreign official                                                   82         -       3         +       5 
  Other                                               (0)           298         +      35         +      55 
Deferred availability cash items                    (803)         8,160         +   2,168         -     655 
Other liabilities and accrued dividends (7)                       2,404         +      15         +      99 
      Total liabilities                             (803)       746,049         -   7,181         +  30,986 
                                                     
Capital Accounts                                     
Capital paid in                                                   9,204         +     109         +     620 
Surplus                                                           8,847                 0         +     467 
Other capital accounts                                              942         +      80         +     376 
      Total capital                                              18,992         +     188         +   1,462 
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, June 2, 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              50        47,941    -   7,319             0            0        22,500        20,292
16 days to 90 days         112       158,769    +   9,367             0            0             0             0
91 days to 1 year            0       161,315    -   2,268             0            0      ------       ------   
Over 1 to 5 years     ------         185,440    +     261             0            0      ------       ------   
Over 5 to 10 years    ------          51,299    +     717             0            0      ------       ------   
Over 10 years         ------          76,719    +      92             0            0      ------       ------   
           
All                        162       681,483    +     850             0            0        22,500       20,292 
 
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 June 2, 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                                             718          33          27          43          34          64          74          83          48          28          41         144          98 
Securities, repurchase agreements,                                 
      and loans                              704,145      32,003     318,000      20,270      29,120      51,796      45,961      61,443      20,036      14,902      17,923      31,073      61,618 
   Securities held outright                  681,483      32,001     295,500      20,269      29,120      51,796      45,957      61,387      20,021      14,864      17,908      31,072      61,588 
      U.S. Treasury (1)                      681,483      32,001     295,500      20,269      29,120      51,796      45,957      61,387      20,021      14,864      17,908      31,072      61,588 
         Bills (2)                           250,472      11,761     108,608       7,450      10,703      19,037      16,891      22,562       7,359       5,463       6,582      11,420      22,636 
         Notes and bonds(3)                  431,012      20,239     186,892      12,819      18,417      32,759      29,066      38,825      12,663       9,401      11,326      19,652      38,952 
         Federal agency (2)                        0           0           0           0           0           0           0           0           0           0           0           0           0 
      Repurchase agreements(4)                22,500           0      22,500           0           0           0           0           0           0           0           0           0           0 
      Loans                                      162           2           0           1           0           0           4          56          15          38          15           1          31 
Items in process of collection                 9,517         785         443         496         468         536       1,193         604         450         538         725         527       2,752 
Bank premises                                  1,683          96         191          52         153         144         279         132          51         124          74         206         181 
Other assets(5)                               36,541       1,659      13,083       1,018       2,263       5,824       2,079       3,308         957       1,093         749         911       3,598 
Interdistrict settlement account                   0     + 3,008     -24,175     + 3,048     - 1,590     - 1,917     + 2,421     + 1,739     +   589     -   426     + 1,498     + 4,121     +11,684 
          Total Assets                       765,845      38,192     313,093      25,392      31,004      57,413      53,067      68,444      22,528      16,507      21,379      37,606      81,220 
 
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 June 2, 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             807,661      37,991     319,760      30,849      31,943      58,978      66,434      67,931      23,549      15,575      23,211      41,809      89,631 
  Less: notes held by F.R. Banks              114,310       3,932      28,321       8,265       5,314      10,070      18,806       7,266       3,028       1,238       4,029       6,682      17,360 
    Federal Reserve notes, net                693,351      34,059     291,439      22,584      26,629      48,908      47,628      60,665      20,521      14,337      19,182      35,127      72,271 
Reverse repurchase agreements (1)              20,292         953       8,799         604         867       1,542       1,368       1,828         596         443         533         925       1,834 
Deposits                                       21,842       1,203       6,908         924       1,167       1,871       1,874       3,028         575         445         783         733       2,333 
  Depository institutions                      19,870       1,195       5,089         923       1,165       1,744       1,872       3,024         572         444         781         732       2,330 
  U.S. Treasury, general account                1,592           0       1,592           0           0           0           0           0           0           0           0           0           0 
  Foreign official                                 82           2          59           1           2           7           2           3           1           1           1           0           4 
  Other                                           298           6         167           0           0         120           0           0           2           0           1           0           0 
Deferred availability cash items                8,963         804         743         616         704         598         960         698         251         574         465         426       2,125 
Other liabilities and accrued                                                 
  dividends (2)                                 2,404         133         754          95         127         276         190         228         106          81          86         126         203 
                                                                    
    Total liabilities                         746,852      37,151     308,643      24,822      29,495      53,195      52,020      66,446      22,048      15,880      21,050      37,337      78,766 
                                                                    
Capital                                                             
Capital paid in                                 9,204         506       2,114         278         738       2,064         506       1,021         232         264         153         128       1,200 
Surplus                                         8,847         448       2,031         259         727       2,074         489         924         228         346         162         111       1,048 
Other capital                                     942          86         306          34          44          80          52          53          20          17          14          31         205 
     Total liabilities and capital            765,845      38,192     313,093      25,392      31,004      57,413      53,067      68,444      22,528      16,507      21,379      37,606      81,220 
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
Jun 2, 2004
Federal Reserve notes outstanding          807,661  
   Less: Notes held by F.R. Banks         
         not subject to collateralization   114,310  
      Federal Reserve Notes to be         
         collateralized                    693,351  
Collateral held against Federal Reserve             
   notes                                   693,351  
   Gold certificate account                 11,041  
   Special drawing rights                 
     certificate account                     2,200  
   U.S. Treasury and agency securities    
     pledged (1)                           680,110  
   Other assets pledged                          0  
                                          
Memo:                                     
Total U.S. Treasury and agency            
       securities (1)                      703,983  
   Less:face value of securities under    
         reverse repurchase agreements      20,297  
      U.S. Treasury and agency securities  
             eligible to be pledged        683,686  
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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