Federal Reserve Statistical Release, H.4.1, Factors Affecting Reserve Balances; title with eagle logo links to Statistical Release home page
Release Date:  October 21, 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
October 21, 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
Oct 20, 2004
Week ended
Oct 20, 2004
Change from week ended
Oct 13, 2004 Oct 22, 2003
                                                              
Reserve Bank Credit                                         770,529     +   1,756     +  49,424       765,776 
 Securities held outright                                   702,661     +   1,059     +  46,036       702,813 
    U.S. Treasury (1)                                       702,661     +   1,059     +  46,046       702,813 
       Bills (2)                                            259,068     +     204     +  17,071       259,078 
       Notes and bonds, nominal (2)                         426,191     +     852     +  26,596       426,333 
       Notes and bonds, inflation-indexed (2)                15,262             0     +   1,808        15,262 
       Inflation compensation (3)                             2,139     +       2     +     570         2,140 
    Federal agency (2)                                            0             0     -      10             0 
 Repurchase agreements(4)                                    26,964     -     107     +   2,393        21,250 
 Loans to depository institutions                               173     -      20     +      73           179 
    Primary credit                                                5             0     -       9            24 
    Secondary credit                                              0             0             0             0 
    Seasonal credit                                             168     -      20     +      82           154 
 Float                                                          389     +     526     +     737           956 
 Other Federal Reserve assets                               40,342    +     298    +     186       40,578 
Gold stock                                                   11,043             0             0        11,043 
Special drawing rights certificate account                    2,200             0             0         2,200 
Treasury currency outstanding (5)                            36,309     +      14     +   1,012        36,309 
                                                              
Total factors supplying reserve funds                       820,082     +   1,770     +  50,436       815,328 
                                                                          
Currency in circulation(5)                                  741,404     -   1,167     +  38,771       741,973 
Reverse repurchase agreements (6)                            25,431     +     548     +   6,798        25,843 
   Foreign official and international accounts               25,431     +     548     +   6,798        25,843 
   Dealers                                                        0             0             0             0 
Treasury cash holdings                                          299     +       4     -      90           302 
Deposits with F.R.Banks, other than reserve balances         16,130     +     341     -   1,085        15,651 
  U.S. Treasury, general account                              5,232     +     550     -     171         4,785 
  Foreign official                                               99     +      12     +       2            76 
  Service-related                                            10,491     -     231     -     934        10,491 
     Required clearing balances                              10,491     -     231     -     751        10,491 
     Adjustments to compensate for float                          0             0     -     184             0 
  Other                                                         308     +      10     +      19           299 
Other liabilities and capital                                23,880     +     230     +   3,644        23,765 
                                                              
Total factors, other than reserve balances,                                                       
   absorbing reserve funds                                  807,145     -      44     +  48,040       807,534 
                                                              
Reserve balances with Federal Reserve Banks                  12,936     +   1,813     +   2,396         7,794 
                                                                          
                                                              
Memo (off-balance-sheet items):                               
  Marketable securities held in custody for foreign           
         official and international accounts(2,7)         1,294,242     +   6,052     + 298,846     1,293,987 
     U.S. Treasury                                        1,047,623     +   3,352     + 248,587     1,050,357 
     Federal agency                                         246,618     +   2,699     +  50,258       243,630 
  Securities lent to dealers                                    373     -     460     -   1,542         1,836 
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
Oct 20, 2004
Wednesday
Oct 13, 2004
Wednesday
Oct 22, 2003
Assets                                               
Gold certificate account                                         11,039                 0                 0 
Special drawing rights certificate account                        2,200                 0                 0 
Coin                                                                758         +      10         -      52 
Securities, repurchase agreements, and loans                    724,242         -   7,811         +  41,884 
   Securities held outright                                     702,813         +   1,196         +  46,049 
      U.S. Treasury (1)                                         702,813         +   1,196         +  46,059 
         Bills (2)                                              259,078         +     200         +  16,947 
         Notes and bonds, nominal (2)                           426,333         +     994         +  26,738 
         Notes and bonds, inflation-indexed (2)                    15,262                 0         +   1,808 
         Inflation compensation (3)                               2,140         +       2         +     566 
      Federal agency (2)                                              0                 0         -      10 
   Repurchase agreements (4)                                     21,250         -   9,000         -   4,250 
   Loans                                                            179         -       7         +      85 
Items in process of collection                    (1,139)         7,412         -   3,188         -     193 
Bank premises                                                     1,735         +       3         +     138 
Other assets (5)                                                 38,894         +     455         +      42 
      Total assets                                (1,139)       786,279         -  10,532         +  41,817 
                                                     
Liabilities                                          
Federal Reserve notes net of FR Bank holdings                  706,719         -   1,427         +  37,512 
Reverse repurchase agreements (6)                                25,843         +     858         +   7,732 
Deposits                                              (0)        23,503         -   7,789         -   5,800 
  Depository institutions                                        18,343         -   7,104         -   5,459 
  U.S. Treasury, general account                                  4,785         -     681         -     338 
  Foreign official                                                   76         -      10         -      23 
  Other                                               (0)           299         +       7         +      20 
Deferred availability cash items                  (1,139)         6,449         -   2,460         -   1,064 
Other liabilities and accrued dividends (7)                       2,797         -     108         +     534 
      Total liabilities                           (1,139)       765,311         -  10,926         +  38,913 
                                                     
Capital Accounts                                     
Capital paid in                                                  10,523         +      12         +   1,789 
Surplus                                                           8,847                 0         +     467 
Other capital accounts                                            1,598         +     381         +     648 
      Total capital                                              20,968         +     394         +   2,905 
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, October 20, 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             176        50,635    +   5,983             0            0        21,250        25,843
16 days to 90 days           2       155,425    -   5,709             0            0             0             0
91 days to 1 year            0       167,785    +     729             0            0      ------       ------   
Over 1 to 5 years     ------         202,112    +     171             0            0      ------       ------   
Over 5 to 10 years    ------          50,539    +      21             0            0      ------       ------   
Over 10 years         ------          76,317    +       1             0            0      ------       ------   
           
All                        179       702,813    +   1,196             0            0        21,250       25,843 
 
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 October 20, 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         494       4,649         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                                             758          16          44          47          44          71          86         101          48          22          47         121         110 
Securities, repurchase agreements,                                 
      and loans                              724,242      33,006     325,999      20,912      30,031      53,417      47,410      63,348      20,659      15,384      18,493      32,047      63,535 
   Securities held outright                  702,813      33,002     304,749      20,903      30,031      53,417      47,396      63,308      20,648      15,329      18,469      32,045      63,515 
      U.S. Treasury (1)                      702,813      33,002     304,749      20,903      30,031      53,417      47,396      63,308      20,648      15,329      18,469      32,045      63,515 
         Bills (2)                           259,078      12,166     112,340       7,706      11,070      19,691      17,472      23,337       7,611       5,651       6,808      11,813      23,414 
         Notes and bonds(3)                  443,736      20,837     192,410      13,198      18,961      33,726      29,924      39,971      13,037       9,678      11,661      20,232      40,102 
         Federal agency (2)                        0           0           0           0           0           0           0           0           0           0           0           0           0 
      Repurchase agreements(4)                21,250           0      21,250           0           0           0           0           0           0           0           0           0           0 
      Loans                                      179           4           0           8           0           0          14          40          12          55          24           3          20 
Items in process of collection                 8,551         428         784         452         791         410         558         650         756         501         693         301       2,227 
Bank premises                                  1,735          98         191          52         154         144         278         145          60         123          78         230         180 
Other assets(5)                               38,894       1,769      14,009       1,085       2,398       6,090       2,225       3,518       1,024       1,149         805         995       3,826 
Interdistrict settlement account                   0     + 2,867     -30,531     + 4,018     -    46     + 1,601     + 9,595     -   702     + 1,208     -   638     + 1,782     + 2,695     + 8,153 
          Total Assets                       787,418      38,794     316,020      27,030      33,929      62,699      61,211      68,196      24,152      16,790      22,266      37,012      79,320 
 
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 October 20, 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             832,939      37,831     321,316      33,235      34,812      65,028      73,342      70,001      25,312      16,077      24,615      42,155      89,214 
  Less: notes held by F.R. Banks              126,220       4,269      32,843       8,908       5,624      12,080      17,446       8,786       3,306       1,547       4,659       7,781      18,972 
    Federal Reserve notes, net                706,719      33,562     288,473      24,327      29,189      52,948      55,896      61,215      22,006      14,531      19,956      34,374      70,242 
Reverse repurchase agreements (1)              25,843       1,214      11,206         769       1,104       1,964       1,743       2,328         759         564         679       1,178       2,336 
Deposits                                       23,503       1,021      10,057         675       1,121       2,731       1,441       1,794         589         413         757         713       2,191 
  Depository institutions                      18,343       1,016       5,049         674       1,117       2,607       1,437       1,790         586         412         755         712       2,187 
  U.S. Treasury, general account                4,785           0       4,785           0           0           0           0           0           0           0           0           0           0 
  Foreign official                                 76           2          53           1           2           7           2           3           1           1           1           0           4 
  Other                                           299           3         170           0           1         118           2           1           2           0           1           0           0 
Deferred availability cash items                7,588         532         753         548         796         441         822         461         177         558         443         322       1,733 
Other liabilities and accrued                                                 
  dividends (2)                                 2,797         170         909         107         141         293         233         261         116          91         100         142         234 
                                                                    
    Total liabilities                         766,450      36,498     311,398      26,426      32,351      58,378      60,135      66,059      23,647      16,157      21,935      36,729      76,736 
                                                                    
Capital                                                             
Capital paid in                                10,523       1,634       2,164         292         762       2,095         518       1,027         240         263         149         130       1,248 
Surplus                                         8,847         448       2,031         259         727       2,074         489         924         228         346         162         111       1,048 
Other capital                                   1,598         213         426          53          88         152          70         186          37          25          19          42         287 
     Total liabilities and capital            787,418      38,794     316,020      27,030      33,929      62,699      61,211      68,196      24,152      16,790      22,266      37,012      79,320 
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
Oct 20, 2004
Federal Reserve notes outstanding          832,939  
   Less: Notes held by F.R. Banks         
         not subject to collateralization   126,220  
      Federal Reserve Notes to be         
         collateralized                    706,719  
Collateral held against Federal Reserve             
   notes                                   706,719  
   Gold certificate account                 11,039  
   Special drawing rights                 
     certificate account                     2,200  
   U.S. Treasury and agency securities    
     pledged (1)                           693,480  
   Other assets pledged                          0  
                                          
Memo:                                     
Total U.S. Treasury and agency            
       securities (1)                      724,063  
   Less:face value of securities under    
         reverse repurchase agreements      25,856  
      U.S. Treasury and agency securities  
             eligible to be pledged        698,207  
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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