Federal Reserve Statistical Release, H.4.1, Factors Affecting Reserve Balances; title with eagle logo links to Statistical Release home page
Release Date:  March 27, 2008
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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
March 27, 2008
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
Mar 26, 2008
Week ended
Mar 26, 2008
Change from week ended
Mar 19, 2008 Mar 28, 2007
                                                              
Reserve Bank Credit                                         869,437     -   9,347     +  17,325       878,643 
 Securities held outright                                   628,977     -  47,917     - 151,905       612,305 
    U.S. Treasury (1)                                       628,977     -  47,917     - 151,905       612,305 
       Bills (2)                                            124,375     -  40,841     - 152,644       114,091 
       Notes and bonds, nominal (2)                         461,457     -   7,124     -   7,096       455,052 
       Notes and bonds, inflation-indexed (2)                38,437             0     +   6,661        38,437 
       Inflation compensation (3)                             4,708     +      48     +   1,174         4,726 
    Federal agency (2)                                            0             0             0             0 
 Repurchase agreements(4)                                    84,821     +  23,714     +  52,642       106,750 
 Term auction credit                                         80,000             0     +  80,000        80,000 
 Other loans                                                 33,481     +  14,432     +  33,401        37,607 
    Primary credit                                              550     +     469     +     498           579 
    Secondary credit                                              2     +       2     +       2             0 
    Seasonal credit                                               6     -       1     -      22             6 
    Primary dealer credit facility                          32,923    +  19,490    +  32,923       37,023 
    Other credit extensions                                       0     -   5,529             0             0 
 Float                                                       -1,349     +     218     -     796        -1,872 
 Other Federal Reserve assets                                43,506     +     205     +   3,981        43,853 
Gold stock                                                   11,041             0             0        11,041 
Special drawing rights certificate account                    2,200             0             0         2,200 
Treasury currency outstanding (5)                            38,778     +      14     +     420        38,778 
                                                              
Total factors supplying reserve funds                       921,456     -   9,333     +  17,745       930,662 
                                                                          
Currency in circulation(5)                                  816,955     -      99     +  11,470       817,761 
Reverse repurchase agreements (6)                            40,706     -       4     +   3,262        40,822 
   Foreign official and international accounts               40,706     +   1,032     +   3,262        40,822 
   Dealers                                                        0     -   1,036             0             0 
Treasury cash holdings                                          297     +      24     +      23           331 
Deposits with F.R.Banks, other than reserve balances         12,854     +     581     +     489        12,197 
  U.S. Treasury, general account                              5,729     +     577     +     739         4,944 
  Foreign official                                              118     +      15     +      19           239 
  Service-related                                             6,754             0     -     286         6,754 
     Required clearing balances                               6,754             0     -     286         6,754 
     Adjustments to compensate for float                          0             0             0             0 
  Other                                                         254     -      10     +      18           261 
Other liabilities and capital                                44,535     -     199     +   5,776        44,645 
                                                              
Total factors, other than reserve balances,                                                       
   absorbing reserve funds                                  915,347     +     303     +  21,018       915,758 
                                                              
Reserve balances with Federal Reserve Banks                   6,109     -   9,637     -   3,274        14,905 
                                                                          
                                                              
Memo (off-balance-sheet items):                               
  Marketable securities held in custody for foreign           
         official and international accounts(2,7)         2,184,255     +  15,757     + 304,511     2,195,949 
     U.S. Treasury                                        1,284,715     +   4,373     +  73,897     1,291,523 
     Federal agency                                         899,539     +  11,383     + 230,613       904,426 
  Securities lent to dealers                                  9,940     -   2,288     +   9,359        15,484 
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
Mar 26, 2008
Wednesday
Mar 19, 2008
Wednesday
Mar 28, 2007
Assets                                                    
Gold certificate account                                         11,037                 0                 0 
Special drawing rights certificate account                        2,200                 0                 0 
Coin                                                              1,321         +       5         +     400 
Securities, repurchase agreements, term auction           
      credit, and other loans                                   836,663         +   5,253         +  19,744 
   Securities held outright                                     612,305         -  48,179         - 168,585 
      U.S. Treasury (1)                                         612,305         -  48,179         - 168,585 
         Bills (2)                                              114,091         -  38,269         - 162,928 
         Notes and bonds, nominal (2)                           455,052         -   9,958         -  13,501 
         Notes and bonds, inflation-indexed (2)                  38,437                 0         +   6,661 
         Inflation compensation (3)                               4,726         +      48         +   1,183 
      Federal agency (2)                                              0                 0                 0 
   Repurchase agreements (4)                                    106,750         +  44,750         +  70,750 
   Term auction credit                                           80,000                 0         +  80,000 
   Other loans                                                   37,607         +   8,682         +  37,579 
Items in process of collection                      (471)           785         -     701         -   2,034 
Bank premises                                                     2,143         +       2         +     168 
Other assets (5)                                                 41,619         +     461         +   3,808 
      Total assets                                  (471)       895,768         +   5,021         +  22,087 
                                                          
Liabilities                                               
Federal Reserve notes, net of FR Bank holdings                  780,632         -     569         +  10,394 
Reverse repurchase agreements (6)                                40,822         -   5,321         +   3,179 
Deposits                                              (0)        27,011         +  11,086         +   3,487 
  Depository institutions                                        21,567         +  11,392         +   3,138 
  U.S. Treasury, general account                                  4,944         -     420         +     172 
  Foreign official                                                  239         +     140         +     148 
  Other                                               (0)           261         -      27         +      30 
Deferred availability cash items                    (471)         2,658         -     607         -   1,150 
Other liabilities and accrued dividends (7)                       3,833         -     244         -   2,019 
      Total liabilities                             (471)       854,955         +   4,344         +  13,889 
                                                          
Capital Accounts                                          
Capital paid in                                                  19,546         +      18         +   3,705 
Surplus                                                          18,458                 0         +   3,097 
Other capital accounts                                            2,808         +     658         +   1,394 
      Total capital                                              40,812         +     676         +   8,197 
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 Term Auction Credit, Other Loans and Securities, March 26, 2008
Millions of dollars
  U.S. Treasury
securities (1)
 

Remaining maturity
Term auction
credit
Other
loans

Holdings
Weekly
changes

Repurchase
agreements(2)
Reverse
repurchase
agreements(2)
Within 15 days           80,000        37,557        39,831     +   1,140        76,750        40,822  
16 days to 90 days            0            50        73,064     -  26,510        30,000             0  
91 days to 1 year      ------               0       101,222     -  12,896      ------       ------     
Over 1 to 5 years      ------        ------         214,965     -   9,943      ------       ------     
Over 5 to 10 years     ------        ------          88,977     +      11      ------       ------     
Over 10 years          ------        ------          94,246     +      20      ------       ------     
          
All                      80,000        37,607       612,305     -  48,179       106,750        40,822  
 
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.
 

 

 

4. Statement of Condition of Each Federal Reserve Bank on March 26, 2008
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                      11,037         449       4,053         455         428         869       1,117         903         326         203         335         613       1,286 
Special drawing rights certificate acct.       2,200         115         874          83         104         147         166         212          71          30          66          98         234 
Coin                                           1,321          44          65         105         123         155         153         157          56          58          85         133         187 
Securities, repurchase agreements, term                            
      auction credit, and other loans        836,663      33,141     359,547      31,850      31,335      63,088      66,892      63,755      25,052      20,419      23,287      32,793      85,504 
   Securities held outright                  612,305      28,219     221,714      27,089      25,057      53,051      56,790      51,358      19,570      12,217      19,821      26,903      70,517 
      U.S. Treasury (1)                      612,305      28,219     221,714      27,089      25,057      53,051      56,790      51,358      19,570      12,217      19,821      26,903      70,517 
         Bills (2)                           114,091       5,258      41,312       5,047       4,669       9,885      10,582       9,570       3,646       2,276       3,693       5,013      13,139 
         Notes and bonds(3)                  498,215      22,961     180,402      22,041      20,389      43,166      46,208      41,789      15,923       9,940      16,128      21,890      57,377 
      Federal agency (2)                           0           0           0           0           0           0           0           0           0           0           0           0           0 
      Repurchase agreements(4)               106,750       4,920      38,654       4,723       4,369       9,249       9,901       8,954       3,412       2,130       3,456       4,690      12,294 
      Term auction credit                     80,000           0      62,131           0       1,909         770         201       3,440       2,070      6,071           0       1,200       2,209  
      Other loans                             37,607           3      37,048          39           0          18           0           4           0           1          11           0         484 
Items in process of collection                 1,257          37           9         -79         244           0         102         131          68         153         170         120         301 
Bank premises                                  2,143         119         214          65         152         189         229         205         118         112         276         255         209 
Other assets(5)                               41,619       2,128      12,912       3,190       2,422       8,251       3,346       2,344         737         809         770       1,169       3,541 
Interdistrict settlement account                   0     + 1,650     -55,115     + 4,931     + 1,997     + 8,626     +18,220     +10,850     + 3,478     - 3,726     + 6,749     + 1,252     + 1,087 
          Total Assets                       896,239      37,683     322,559      40,600      36,804      81,325      90,226      78,557      29,905      18,058      31,739      36,434      92,349 
 
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 March 26, 2008
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             990,897      38,685     342,873      41,557      39,388      78,844     115,920      84,848      32,062      18,664      32,427      56,317     109,312 
  Less: notes held by F.R. Banks              210,266       6,035      60,735       8,354       8,371      14,479      34,774      14,601       4,371       2,890       3,302      25,040      27,313 
    Federal Reserve notes, net                780,632      32,650     282,138      33,203      31,017      64,365      81,145      70,247      27,692      15,774      29,125      31,276      81,999 
Reverse repurchase agreements (1)              40,822       1,881      14,782       1,806       1,671       3,537       3,786       3,424       1,305         814       1,321       1,794       4,701 
Deposits                                       27,011         574      13,975       1,248         765       2,183       1,315       1,704         294         307         464       2,312       1,868 
  Depository institutions                      21,567         541       8,651       1,244         759       2,132       1,312       1,702         281         306         463       2,311       1,865 
  U.S. Treasury, general account                4,944           0       4,944           0           0           0           0           0           0           0           0           0           0 
  Foreign official                                239           2         209           4           3          11           3           2           0           1           0           1           3 
  Other                                           261          31         172           0           3          40           0           0          13           0           1           0           0 
Deferred availability cash items                3,129         155          30         447         448         262         258         294          45         297         238         172         482 
Other liabilities and accrued                                                 
  dividends (2)                                 3,833         181       1,163         188         199         453         388         321         156         112         140         187         345 
                                                                    
    Total liabilities                         855,427      35,443     312,088      36,891      34,099      70,800      86,893      75,990      29,491      17,305      31,289      35,741      89,395 
                                                                    
Capital                                                             
Capital paid in                                19,546       1,087       4,906       1,813       1,315       5,182       1,610       1,259         181         358         198         257       1,380 
Surplus                                        18,458       1,049       4,624       1,814       1,291       4,997       1,426         815         180         355         194         364       1,350 
Other capital                                   2,808         104         940          83          99         346         297         493          53          40          58          73         223 
     Total liabilities and capital            896,239      37,683     322,559      40,600      36,804      81,325      90,226      78,557      29,905      18,058      31,739      36,434      92,349 
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
Mar 26, 2008
Federal Reserve notes outstanding          990,897  
   Less: Notes held by F.R. Banks         
         not subject to collateralization   210,266  
      Federal Reserve notes to be         
         collateralized                    780,632  
Collateral held against Federal Reserve             
   notes                                   780,632  
   Gold certificate account                 11,037  
   Special drawing rights                 
     certificate account                     2,200  
   U.S. Treasury and agency securities    
     pledged (1)                           678,208  
   Other assets pledged                     89,187  
                                          
Memo:                                     
Total U.S. Treasury and agency            
       securities (1)                      719,055  
   Less:face value of securities under    
         reverse repurchase agreements      40,847  
      U.S. Treasury and agency securities  
             eligible to be pledged        678,208  
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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