Federal Reserve Statistical Release, H.4.1, Factors Affecting Reserve Balances; title with eagle logo links to Statistical Release home page
Release Date: June 19, 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
                                                                                              June 19, 2008
1. Factors Affecting Reserve Balances of Depository Institutions
Millions of dollars
                                                                   Averages of daily figures
Reserve Bank credit, related items, and                   Week ended   Change from week ended     Wednesday
reserve balances of depository institutions at           Jun 18, 2008 Jun 11, 2008 Jun 20, 2007 Jun 18, 2008
Federal Reserve Banks

Reserve Bank credit                                         877,428    +   3,941    +  25,005      886,162
 Securities held outright                                   478,710    -   3,340    - 311,707      478,734       
    U.S. Treasury (1)                                       478,710    -   3,340    - 311,707      478,734
       Bills (2)                                             21,740    -   3,403    - 255,279       21,740
       Notes and bonds, nominal (2)                         412,392            0    -  62,280      412,392
       Notes and bonds, inflation-indexed (2)                39,171            0    +   4,712       39,171
       Inflation compensation (3)                             5,407    +      62    +   1,140        5,431
    Federal agency (2)                                            0            0            0            0      
 Repurchase agreements (4)                                  124,643    +   7,822    + 101,964      133,500
 Term auction credit                                        150,000            0    + 150,000      150,000  
 Other loans                                                 22,015    +     140    +  21,732       21,889
    Primary credit                                           13,371    +     223    +  13,239       13,667
    Secondary credit                                              0    -     224            0            0
    Seasonal credit                                              70    +       3    -      81           77
    Primary dealer credit facility                            8,574    +     138    +   8,574        8,145
    Other credit extensions                                       0            0            0            0
 Float                                                       -1,294    +     103    -     736       -1,781
 Other Federal Reserve assets                               103,354    -     784    +  63,752      103,820
Gold stock                                                   11,041            0            0       11,041
Special drawing rights certificate account                    2,200            0            0        2,200
Treasury currency outstanding (5)                            38,833    +      14    +     341       38,833
       
Total factors supplying reserve funds                       929,502    +   3,955    +  25,347      938,236
                                                                   
Currency in circulation (5)                                 822,732    -      50    +  12,492      823,766
Reverse repurchase agreements (6)                            40,254    +     140    +   8,533       41,809
   Foreign official and international accounts               40,254    +     140    +   8,533       41,809
   Dealers                                                        0            0            0            0
Treasury cash holdings                                          279    +       6    -      22          276
Deposits with F.R. Banks, other than reserve balances        12,435    +     119    +      62       11,672       
  U.S. Treasury, general account                              4,926    +      77    -     549        4,172
  Foreign official                                              100    +       1    +       4          101
  Service-related                                             7,132    +      36    +     549        7,132
     Required clearing balances                               7,132    +      36    +     549        7,132
     Adjustments to compensate for float                          0            0            0            0
  Other                                                         276    +       3    +      56          267
Other liabilities and capital                                43,334    -   1,205    +   3,993       43,494

Total factors, other than reserve balances,                                        
   absorbing reserve funds                                  919,034    -     990    +  25,057      921,016

Reserve balances with Federal Reserve Banks                  10,468    +   4,945    +     290       17,220
                                                                

Memo (off-balance-sheet items):
  Marketable securities held in custody for foreign
         official and international accounts (2,7)        2,317,046    +  12,904    + 350,028    2,320,522
     U.S. Treasury                                        1,359,927    +  10,198    + 128,977    1,359,167
     Federal agency                                         957,119    +   2,706    + 221,050      961,355
  Securities lent to dealers                                119,366    +  12,666    + 114,648      118,818   
     Overnight facility (8)                                   7,446    -   2,287    +   2,728        4,361
     Term facility (9)                                      111,920    +  14,953    + 111,920      114,457


Note: Components may not sum to totals because of rounding.

1. Includes securities lent to dealers under the overnight and term securities lending facilities.  
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.
8. Fully collateralized by U.S. Treasury securities.
9. Fully collateralized by U.S. Treasury securities, federal agency securities, and highly rated
   non-agency asset-backed and mortgage-backed securities.

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
                                              Eliminations                          Change Since
                                                  from       Wednesday        Wednesday        Wednesday
Assets, liabilities, and capital             consolidation Jun 18, 2008     Jun 11, 2008     Jun 20, 2007

Assets
Gold certificate account                                        11,037                0                0
Special drawing rights certificate account                       2,200                0                0
Coin                                                             1,329        -      10        +     397
Securities, repurchase agreements, term auction
      credit, and other loans                                  784,123        +  11,763        -  28,249
   Securities held outright                                    478,734        -   3,339        - 311,705
      U.S. Treasury (1)                                        478,734        -   3,339        - 311,705       
         Bills (2)                                              21,740        -   3,403        - 255,279
         Notes and bonds, nominal (2)                          412,392                0        -  62,280
         Notes and bonds, inflation-indexed (2)                 39,171                0        +   4,712
         Inflation compensation (3)                              5,431        +      63        +   1,142
      Federal agency (2)                                             0                0                0
   Repurchase agreements (4)                                   133,500        +  15,250        + 112,500    
   Term auction credit                                         150,000                0        + 150,000
   Other loans                                                  21,889        -     148        +  20,956
Items in process of collection                      (623)        1,021        -     115        -   2,493
Bank premises                                                    2,154        +       5        +     118
Other assets (5)                                               101,462        -     254        +  63,695
      Total assets                                  (623)      903,326        +  11,389        +  33,467
                          
Liabilities
Federal Reserve notes, net of FR Bank holdings                 786,534        +     136        +  12,898
Reverse repurchase agreements (6)                               41,809        +   2,054        +  11,366
Deposits                                              (0)       28,688        +   9,581        +   6,210       
  Depository institutions                                       24,149        +   9,780        +   8,011
  U.S. Treasury, general account                                 4,172        -     197        -   1,850
  Foreign official                                                 101        +       1        +       5
  Other                                               (0)          267        -       2        +      45
Deferred availability cash items                    (623)        2,802        +      66        -   1,348
Other liabilities and accrued dividends (7)                      3,266        -     313        -   2,776
      Total liabilities                             (623)      863,099        +  11,525        +  26,351
                          
Capital accounts
Capital paid in                                                 19,878        -      53        +   3,772
Surplus                                                         18,486                0        +   3,099
Other capital accounts                                           1,864        -      82        +     247
      Total capital                                             40,227        -     136        +   7,117


Note: Components may not sum to totals because of rounding.

1. Includes securities lent to dealers under the overnight and term securities lending facilities; refer
   to table 1, footnotes 8 and 9.
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,      June 18, 2008
Millions of dollars
                                                 U.S. Treasury                       Reverse
Remaining maturity       Term                    securities (1)       Repurchase   repurchase
                       auction       Other                Weekly      agreements   agreements   
                        credit       loans    Holdings    changes         (2)          (2)          
Within 15 days         150,000       14,041       5,361   +   1,958       93,500       41,809
16 days to 90 days           0        7,848      39,695   -   1,541       40,000            0
91 days to 1 year          ---            0      75,977   -   3,128          ---          ---
Over 1 to 5 years          ---          ---     171,083   -     668          ---          ---
Over 5 to 10 years         ---          ---      90,108   +      14          ---          ---
Over 10 years              ---          ---      96,510   +      25          ---          ---
                            
All                    150,000       21,889     478,734   -   3,339      133,500       41,809

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      June 18, 2008
Millions of dollars
                                                                                                                                                            Kansas                 San
Assets, liabilities, and capital               Total     Boston   New York Philadelphia Cleveland   Richmond   Atlanta    Chicago   St. Louis  Minneapolis   City      Dallas   Francisco

Assets                        
Gold certificate account                      11,037        424      3,935        453        423        891      1,221        913        344        199        349        636      1,249
Special drawing rights certificate acct.       2,200        115        874         83        104        147        166        212         71         30         66         98        234
Coin                                           1,329         43         57         98        107        164        157        163         45         57         92        149        197
Securities, repurchase agreements, term
      auction credit, and other loans        784,123     27,179    335,871     29,019     25,704     66,152     66,885     58,512     23,349     13,467     23,186     28,160     86,638
   Securities held outright                  478,734     20,080    170,330     20,902     18,153     43,411     47,633     42,253     16,543      9,038     17,578     19,858     52,953
      U.S. Treasury (1)                      478,734     20,080    170,330     20,902     18,153     43,411     47,633     42,253     16,543      9,038     17,578     19,858     52,953
         Bills (2)                            21,740        912      7,735        949        824      1,971      2,163      1,919        751        410        798        902      2,405
         Notes and bonds (3)                 456,993     19,168    162,595     19,953     17,329     41,439     45,470     40,334     15,792      8,628     16,780     18,957     50,548
      Federal agency (2)                           0          0          0          0          0          0          0          0          0          0          0          0          0
   Repurchase agreements (4)                 133,500      5,599     47,498      5,829      5,062     12,106     13,283     11,783      4,613      2,520      4,902      5,538     14,767
   Term auction credit                       150,000      1,500     99,390      2,240      2,468     10,606      5,823      3,670      2,050     1,728        690      2,758     17,077     
   Other loans                                21,889          0     18,652         48         20         30        146        806        143        181         16          6      1,841
Items in process of collection                 1,644         60          0        214        383         83        103        115         33        129        201        187        135
Bank premises                                  2,154        118        212         65        151        200        227        207        124        112        276        254        207
Other assets (5)                             101,462      5,485     27,751      9,109      6,589     24,686      8,011      5,010      1,332      1,935      1,434      2,291      7,830
Interdistrict settlement account                   0    + 3,903    -45,233    + 2,691    + 3,949    - 5,966    +19,170    +13,418    + 4,124    + 1,379    + 5,553    + 4,061    - 7,049
          Total assets                       903,949     37,329    323,467     41,732     37,410     86,357     95,940     78,550     29,422     17,308     31,157     35,835     89,441

Note: Components may not sum to totals because of rounding.

1. Includes securities lent to dealers under the overnight and term securities lending facilities; refer to table 1, footnotes 8 and 9.
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 18, 2008 (continued)
Millions of dollars
                                                                                                                                                            Kansas                 San
Assets, liabilities, and capital                Total     Boston   New York Philadelphia Cleveland   Richmond   Atlanta    Chicago   St. Louis  Minneapolis   City      Dallas   Francisco

Liabilities                         
Federal Reserve notes outstanding             988,851     37,681    345,124     40,722     39,074     80,765    119,079     83,847     30,962     18,068     31,686     55,748    106,094
  Less: notes held by F.R. Banks              202,317      5,082     62,186      7,045      7,713     13,255     32,437     13,478      3,939      2,917      3,404     23,703     27,159
    Federal Reserve notes, net                786,534     32,599    282,937     33,677     31,361     67,510     86,642     70,370     27,023     15,151     28,283     32,045     78,936
Reverse repurchase agreements (1)              41,809      1,754     14,875      1,825      1,585      3,791      4,160      3,690      1,445        789      1,535      1,734      4,625
Deposits                                       28,688        754     14,976      1,292        724      3,862      1,297      1,347        349        303        492      1,019      2,273
  Depository institutions                      24,149        735     10,557      1,288        720      3,799      1,294      1,345        330        302        490      1,018      2,270
  U.S. Treasury, general account                4,172          0      4,172          0          0          0          0          0          0          0          0          0          0
  Foreign official                                101          2         71          4          3         11          3          2          0          1          0          1          3
  Other                                           267         17        176          0          1         52          0          0         19          0          1          0          0
Deferred availability cash items                3,424        186          0        402        730        320        246        237         76        275        288        225        440
Other liabilities and accrued                 
  dividends (2)                                 3,266        160        630        211        197        511        367        310        151        107        131        173        319
   
    Total liabilities                         863,722     35,453    313,419     37,407     34,597     75,994     92,712     75,953     29,044     16,625     30,728     35,197     86,591
                              
Capital                    
Capital paid in                                19,878        816      4,933      2,334      1,401      5,178      1,564      1,281        181        322        208        260      1,400
Surplus                                        18,486      1,050      4,650      1,814      1,291      4,998      1,425        815        180        355        194        364      1,351
Other capital                                   1,864         10        464        178        121        188        238        501         16          6         27         15         99
     Total liabilities and capital            903,949     37,329    323,467     41,732     37,410     86,357     95,940     78,550     29,422     17,308     31,157     35,835     89,441
                              

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 18, 2008
              
Federal Reserve notes outstanding             988,851
   Less: Notes held by F.R. Banks
         not subject to collateralization     202,317
      Federal Reserve notes to be
         collateralized                       786,534 
Collateral held against Federal Reserve            
   notes                                      786,534
   Gold certificate account                    11,037
   Special drawing rights certificate     
     account                                    2,200
   U.S. Treasury and agency securities   
     pledged (1)                              570,497
   Other assets pledged                       202,800

Memo:
Total U.S. Treasury and agency 
       securities (1)                         612,234
   Less: face value of securities under
         reverse repurchase agreements         41,736
      U.S. Treasury and agency securities
             eligible to be pledged           570,497
   

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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