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Release Date: November 12, 1998
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FEDERAL RESERVE
These data are scheduled for release each Thursday. The exact time of each release will be announced, when
the information is available, on (202) 452-3206.
H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of F.R. Banks
November 12, 1998
Millions of dollars
Averages of daily figures
Reserve balances of depository institutions at Week ended Change from week ended Wednesday
F.R. Banks, Reserve Bank credit, and related items Nov 11, 1998 Nov 4, 1998 Nov 12, 1997 Nov 11, 1998
Reserve Bank Credit (1,2) 493,079 - 796 + 33,710 495,062
U.S. government securities
Bought outright-system account (3) 450,355 + 228 + 36,763 451,665
Held under repurchase agreements 1,903 - 1,430 - 7,691 940
Federal agency obligations
Bought outright 373 - 13 - 312 373
Held under repurchase agreements 3,188 - 690 + 1,686 3,605
Acceptances 0 0 0 0
Loans to depository institutions
Adjustment credit 13 - 22 + 12 3
Seasonal credit 46 - 21 - 67 36
Extended credit 0 0 0 0
Float 1,034 + 1,119 + 274 2,245
Other F.R. assets 36,167 + 33 + 3,046 36,196
Gold stock 11,041 0 - 9 11,041
Special drawing rights certificate account 9,200 0 0 9,200
Treasury currency outstanding 26,124 + 14 + 531 26,124
Total factors supplying reserve funds 539,445 - 782 + 34,232 541,427
Currency in circulation* 501,024 + 2,727 + 35,291 503,138
Treasury cash holdings* 87 - 1 - 161 86
Deposits,other than reserve balances,with F.R.Banks
Treasury 5,256 + 226 - 82 5,271
Foreign 185 + 21 - 57 157
Service-related balances and adjustments (4) 6,810 - 53 - 226 6,810
Other 416 + 10 + 54 390
Other F.R. liabilities and capital 18,138 + 89 + 1,895 18,258
Total factors, other than reserve balances,
absorbing reserve funds 531,917 + 3,019 + 36,714 534,109
Reserve balances with F.R. Banks (5) 7,528 - 3,801 - 2,482 7,318
On November 11, 1998, the face amount of marketable U.S. government securities held in custody by the
Federal Reserve Banks for foreign official and international accounts was 578,930 million, a change of
+$ 3,165 million for the week. The total includes the face value of U.S. Treasury strips and other zero
coupon bonds.
1 Net of $ 18,411 million daily average, matched sale-purchase transactions outstanding during the
latest statement week, of which a net of $ 18,411 million was with foreign official and international
accounts. Includes securities loaned--fully secured by U.S. government securities.
2 Net of $ 17,943 million matched sale-purchase transactions outstanding at the end of the latest
statement week, of which a net of $ 17,943 million was with foreign official and international
accounts. Includes $ 190 million securities loaned--fully secured U.S. government securities.
3 Includes $ 3,250 million of inflation-indexed securities valued at the original face amount and
$ 60 million of compensation that adjusts for the effects of inflation on the principal of such
securities.
4 Consists of required clearing balances of $ 6,666 million and adjustments of $ 144 million to
compensate for float.
5 Excludes required clearing balances and adjustments to compensate for float.
* Estimated (Treasury's figures).
Components may not add to totals due to rounding.
Worksheet for H.4.1 (a)
CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS
Millions of Dollars
Change Since
* Wednesday Wednesday Wednesday
Nov 11, 1998 Nov 4, 1998 Nov 12, 1997
ASSETS
Gold certificate account 11,041 0 - 9
Special drawing rights certificate account 9,200 0 0
Coin 408 - 1 - 102
Loans 39 - 22 - 74
Acceptances 0 0 0
Federal agency obligations
Bought outright 373 0 - 312
Held under repurchase agreements (1) 3,605 + 371 + 2,032
U.S. government securities
Bought outright--Bills 197,757 + 98 + 4,055
Notes (2) 186,206 + 1,172 + 21,678
Bonds (3) 67,702 + 6 + 11,644
Total bought outright (4) 451,665 + 1,277 + 37,377
Held under repurchase agreements (1) 940 - 1,110 - 9,810
Total U.S. government securities 452,605 + 167 + 27,567
Total loans and securities 456,622 + 516 + 29,213
Items in process of collection (375) 10,370 + 2,441 + 3,865
Bank premises 1,295 + 1 + 18
Other assets (5) 34,958 - 7 + 1,922
TOTAL ASSETS (375) 523,894 + 2,949 + 34,907
LIABILITIES
Federal Reserve notes 477,508 + 3,078 + 34,684
Deposits
Depository institutions 14,186 - 134 - 4,280
U.S. Treasury--general account 5,271 - 643 - 237
Foreign--official accounts 157 - 34 - 31
Other 390 - 49 + 41
Total deposits 20,003 - 860 - 4,506
Deferred availability cash items (375) 8,126 + 335 + 2,207
Other liabilities and accrued dividends (6) 4,356 - 38 - 387
TOTAL LIABILITIES (375) 509,992 + 2,515 + 31,998
CAPITAL ACCOUNTS
Capital paid in 5,932 + 10 + 651
Surplus 5,220 0 + 832
Other capital accounts 2,749 + 424 + 1,426
*Figures in parentheses are the eliminations made in the consolidation process.
1 Does not include U.S. government and federal agency securities resold under matched sale-purchase
transactions to foreign official and international accounts of which $ 0 million was outstanding
at the end of the latest statement week.
2 Includes $ 2,450 million of inflation-indexed securities valued at the original face amount and
$ 52 million of compensation that adjusts for the effects of inflation on the principal of such
securities.
3 Includes $ 800 million of inflation-indexed securities valued at the original face amount and
$ 9 million of compensation that adjusts for the effects of inflation on the principal of such
securities.
4 Net of $ 17,943 million matched sale-purchase transactions outstanding at the end of the latest
statement week. Includes $ 190 million securities loaned--fully secured by U.S. government
securities.
5 Includes assets denominated in foreign currencies, revalued monthly at market exchange rates. Includes
special investment account at Chicago of $ 165 million in Treasury bills maturing within 90 days.
6 Includes exchange-translation account reflecting the monthly revaluation at market exchange rates of
foreign exchange commitments.
Components may not add to totals due to rounding.
MATURITY DISTRIBUTION OF LOANS AND SECURITIES, November 11, 1998
Acceptances and securities held under repurchase agreements are classified as maturing within 15 days in
accordance with maximum majority of the agreements.
Millions of dollars
U.S. government Federal agency
Loans Acceptances securities (1) obligations
Weekly Weekly
Holdings changes Holdings changes
Within 15 days 5 0 Within 15 days 17,639 + 2,338 3,610 + 376
16 to 90 days 34 0 16 to 90 days 95,103 + 3,375 32 - 5
Over 90 days 0 0 91 days to 1 year 134,307 - 6,725 100 + 7
Over 1 to 5 years 107,911 + 1,178 51 - 7
Over 5 to 10 years 42,035 0 185 0
Over 10 years 55,611 0 0 0
Total 39 0 Total 452,605 + 167 3,978 + 371
1 Includes $ 3,250 million of inflation-indexed securities valued at the original face amount and
$ 60 million of compensation that adjusts for the effects of inflation on the principal of such
securities.
Components may not add to totals due to rounding.
H.4.1 (b)
STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON November 11, 1998
Millions of dollars
Kansas San
Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas Francisco
ASSETS
Gold certificate account 11,041 582 4,201 323 643 807 717 998 358 128 289 530 1,465
Special drawing rights certif. acct. 9,200 530 3,202 282 574 792 602 900 340 123 247 367 1,241
Coin 408 27 19 18 18 48 59 50 20 15 31 45 58
Loans 39 0 0 1 0 0 0 2 8 12 13 0 2
Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0
Federal agency obligations
Bought outright 373 20 138 11 24 29 23 36 13 4 10 17 47
Held under repurchase agreements(1) 3,605 0 3,605 0 0 0 0 0 0 0 0 0 0
U.S. government securities
Bought outright--Bills 197,757 10,770 73,297 5,750 12,853 15,578 12,030 18,985 6,949 2,173 5,486 8,992 24,895
Notes (2) 186,206 10,141 69,015 5,414 12,102 14,668 11,327 17,876 6,544 2,046 5,165 8,467 23,441
Bonds (3) 67,702 3,687 25,093 1,968 4,400 5,333 4,118 6,500 2,379 744 1,878 3,078 8,523
Total bought outright(4) 451,665 24,599 167,405 13,132 29,355 35,580 27,475 43,361 15,872 4,962 12,529 20,537 56,859
Held under repurchase agreements(1) 940 0 940 0 0 0 0 0 0 0 0 0 0
Total U.S. govt. securities 452,605 24,599 168,345 13,132 29,355 35,580 27,475 43,361 15,872 4,962 12,529 20,537 56,859
Total loans and securities 456,622 24,619 172,089 13,143 29,379 35,609 27,498 43,399 15,893 4,979 12,553 20,554 56,908
Items in process of collection 10,746 697 1,384 -21 570 1,047 1,152 820 634 875 652 535 2,401
Bank premises 1,295 93 158 50 156 125 80 107 31 131 54 149 161
Other assets(5) 34,958 1,693 10,329 1,503 2,148 4,207 2,156 3,352 938 890 846 1,650 5,246
Interdistrict settlement account 0 -2,984 +19,569 +923 -4,721 +1,091 -2,236 -2,532 -2,257 +226 +827 +2,564 -10,470
TOTAL ASSETS 524,270 25,257 210,952 16,221 28,767 43,727 30,028 47,092 15,957 7,366 15,499 26,394 57,010
1 Does not include U.S. government and federal agency securities resold under matched sale-purchase
transactions to foreign official and international accounts, of which $ 0 was outstanding at the
end of the latest statement week.
2 Includes $ 2,450 million of inflation-indexed securities valued at the original face amount and
$ 52 million of compensation that adjusts for the effects of inflation on the principal of such
securities.
3 Includes $ 800 million of inflation-indexed securities valued at the original face amount and
$ 9 million of compensation that adjusts for the effects of inflation on the principal of such
securities.
4 Net of $ 17,943 million matched sale-purchase transactions outstanding at the end of the latest
statement week. Includes $ 190 million securities loaned--fully secured by U.S. government
securities.
5 Includes assets denominated in foreign currencies, revalued monthly at market exchange rates. Includes
special investment account at Chicago of $ 165 million in Treasury bills maturing within 90 days.
Components may not add to totals due to rounding.
H.4.1 (c)
STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON November 11, 1998
Millions of dollars
Kansas San
Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas Francisco
LIABILITIES
Federal Reserve notes 477,508 23,361 197,303 14,731 26,188 38,730 26,490 42,523 14,469 5,703 13,840 23,953 50,215
Deposits
Depository institutions 14,186 518 2,767 532 1,016 1,183 1,348 1,973 633 454 659 1,258 1,846
U.S. Treasury--general account 5,271 0 5,271 0 0 0 0 0 0 0 0 0 0
Foreign--official accounts 157 7 42 8 9 22 9 14 3 5 3 7 26
Other 390 1 102 0 3 89 2 168 4 0 17 2 2
Total deposits 20,003 526 8,182 540 1,028 1,294 1,359 2,154 640 459 679 1,267 1,874
Deferred credit items 8,501 495 1,048 230 350 659 930 714 385 667 503 368 2,151
Other liabilities and accrued
dividends (1) 4,356 242 1,470 158 280 359 294 419 169 85 152 209 519
TOTAL LIABILITIES 510,368 24,624 208,003 15,659 27,846 41,043 29,073 45,811 15,663 6,914 15,175 25,797 54,759
CAPITAL ACCOUNTS
Capital paid in 5,932 268 1,202 211 398 1,224 421 549 119 202 138 233 967
Surplus 5,220 254 1,055 273 335 818 338 502 122 189 119 271 945
Other capital accounts 2,749 112 692 79 187 642 195 230 53 61 67 92 338
TOTAL LIABILITIES AND CAPITAL
ACCOUNTS 524,270 25,257 210,952 16,221 28,767 43,727 30,028 47,092 15,957 7,366 15,499 26,394 57,010
FEDERAL RESERVE AGENTS' ACCOUNTS
F.R. notes outstanding 594,511 28,033 240,223 17,612 30,202 47,286 37,067 53,120 17,139 7,357 16,675 31,476 68,321
Less--Held by F.R. Banks 117,003 4,672 42,920 2,881 4,014 8,555 10,576 10,597 2,669 1,654 2,835 7,523 18,106
F.R. notes, net 477,508 23,361 197,303 14,731 26,188 38,730 26,490 42,523 14,469 5,703 13,840 23,953 50,215
Collateral held against F.R. notes
Gold certificate account 11,041
Special drawing rights
certificate account 9,200
Other eligible assets 683
U.S. govt. and agency securities 456,583
Total collateral 477,508
1 Includes exchange translation account reflecting the monthly revaluation at market exchange rates of
foreign exchange commitments.
Components may not add to totals due to rounding.
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Last update: November 12, 1998