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Release Date: January 15, 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
January 15, 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 Jan 14, 1998 Jan 7, 1998 Jan 15, 1997 Jan 14, 1998
Reserve Bank Credit (1,2) 468,372 - 8,621 + 28,807 472,341
U.S. government securities
Bought outright-system account (3) 430,981 + 7 + 39,338 431,714
Held under repurchase agreements 3,433 - 6,395 - 7,014 5,465
Federal agency obligations
Bought outright 685 0 - 1,394 685
Held under repurchase agreements 826 - 697 - 1,516 2,216
Acceptances 0 0 0 0
Loans to depository institutions
Adjustment credit 22 - 330 - 4 20
Seasonal credit 20 - 3 + 3 20
Extended credit 0 0 0 0
Float 783 - 1,299 - 62 -152
Other F.R. assets 31,622 + 95 - 544 32,373
Gold stock 11,046 - 1 - 2 11,046
Special drawing rights certificate account 9,200 0 - 518 9,200
Treasury currency outstanding 25,672 + 14 + 664 25,672
Total factors supplying reserve funds 514,290 - 8,608 + 28,951 518,258
Currency in circulation* 475,281 - 5,476 + 31,379 473,998
Treasury cash holdings* 228 + 3 - 18 229
Deposits,other than reserve balances,with F.R.Banks
Treasury 5,253 + 223 - 258 4,644
Foreign 177 - 67 - 5 157
Service-related balances and adjustments (4) 7,011 + 217 - 194 7,011
Other 252 - 544 - 63 337
Other F.R. liabilities and capital 16,240 + 604 + 1,745 15,971
Total factors, other than reserve balances,
absorbing reserve funds 504,443 - 5,040 + 32,585 502,347
Reserve balances with F.R. Banks (5) 9,847 - 3,568 - 3,633 15,911
On January 14, 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 602,290 million, a change of
+$ 2,094 million for the week. The total includes the face value of U.S. Treasury strips and other zero
coupon bonds.
1 Net of $ 16,032 million daily average, matched sale-purchase transactions outstanding during the
latest statement week, of which a net of $ 15,735 million was with foreign official and international
accounts. Includes securities loaned--fully secured by U.S. government securities.
2 Net of $ 15,298 million matched sale-purchase transactions outstanding at the end of the latest
statement week, of which a net of $ 15,298 million was with foreign official and international
accounts. Includes $ 265 million securities loaned--fully secured U.S. government securities.
3 Includes $ 1650 million of inflation-indexed securities valued at the original face amount and
$ 23 million of compensation that adjusts for the effects of inflation on the principal of such
securities.
4 Consists of required clearing balances of $ 6,598 million and adjustments of $ 413 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
Jan 14, 1998 Jan 7, 1998 Jan 15, 1997
ASSETS
Gold certificate account 11,046 - 2 - 2
Special drawing rights certificate account 9,200 0 - 518
Coin 476 + 28 - 141
Loans 40 + 14 - 105
Acceptances 0 0 0
Federal agency obligations
Bought outright 685 0 - 1,370
Held under repurchase agreements (1) 2,216 + 1,469 - 694
U.S. government securities
Bought outright--Bills 198,101 + 1,675 + 8,377
Notes (2) 174,206 0 + 23,890
Bonds 59,407 0 + 10,068
Total bought outright (3) 431,714 + 1,675 + 42,335
Held under repurchase agreements (1) 5,465 + 1,190 - 9,183
Total U.S. government securities 437,179 + 2,865 + 33,152
Total loans and securities 440,119 + 4,348 + 30,983
Items in process of collection (399) 7,684 - 4,878 + 364
Bank premises 1,274 + 3 + 39
Other assets (4) 31,096 + 1,028 + 65
TOTAL ASSETS (399) 500,895 + 528 + 30,789
LIABILITIES
Federal Reserve notes 449,031 - 4,716 + 30,107
Deposits
Depository institutions 24,148 + 6,516 + 1,682
U.S. Treasury--general account 4,644 - 936 - 2,878
Foreign--official accounts 157 - 2 - 15
Other 337 + 138 - 14
Total deposits 29,286 + 5,716 - 1,225
Deferred availability cash items (399) 6,606 - 708 + 368
Other liabilities and accrued dividends (5) 4,775 + 194 - 39
TOTAL LIABILITIES (399) 489,698 + 485 + 29,210
CAPITAL ACCOUNTS
Capital paid in 5,473 + 33 + 795
Surplus 5,220 0 + 725
Other capital accounts 503 + 10 + 59
*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 $ 1650 million of inflation-indexed securities valued at the original face amount and
$ 23 million of compensation that adjusts for the effects of inflation on the principal of such
securities.
3 Net of $ 15,298 million matched sale-purchase transactions outstanding at the end of the latest
statement week. Includes $ 265 million securities loaned--fully secured by U.S. government
securities.
4 Includes assets denominated in foreign currencies, revalued monthly at market exchange rates. Includes
special investment account at Chicago of $ 135 million in Treasury bills maturing within 90 days.
5 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, January 14, 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 22 0 Within 15 days 14,953 - 4,302 2,216 + 1,469
16 to 90 days 18 0 16 to 90 days 99,878 + 1,192 90 + 30
Over 90 days 0 0 91 days to 1 year 138,105 + 5,975 162 - 30
Over 1 to 5 years 95,028 0 153 0
Over 5 to 10 years 40,907 0 255 0
Over 10 years 48,308 0 25 0
Total 40 0 Total 437,179 + 2,865 2,901 + 1,469
1 Includes $ 1650 million of inflation-indexed securities valued at the original face amount and
$ 23 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 January 14, 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 11,046 624 3,933 350 669 965 723 1,069 401 147 286 459 1,420
Special drawing rights certif. acct. 9,200 530 3,202 282 574 792 602 900 340 123 247 367 1,241
Coin 476 24 20 51 28 66 48 57 19 20 36 43 63
Loans 40 0 0 0 0 0 0 13 6 0 12 0 9
Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0
Federal agency obligations
Bought outright 685 42 221 23 47 65 46 73 27 10 20 25 86
Held under repurchase agreements(1) 2,216 0 2,216 0 0 0 0 0 0 0 0 0 0
U.S. government securities
Bought outright--Bills 198,101 12,077 64,076 6,623 13,703 18,849 13,219 21,130 7,890 2,759 5,657 7,194 24,924
Notes (2) 174,206 10,620 56,347 5,824 12,050 16,575 11,625 18,582 6,938 2,426 4,974 6,326 21,918
Bonds 59,407 3,622 19,215 1,986 4,109 5,652 3,964 6,337 2,366 827 1,696 2,157 7,474
Total bought outright(3) 431,714 26,318 139,638 14,433 29,862 41,076 28,809 46,049 17,195 6,012 12,327 15,678 54,317
Held under repurchase agreements(1) 5,465 0 5,465 0 0 0 0 0 0 0 0 0 0
Total U.S. govt. securities 437,179 26,318 145,103 14,433 29,862 41,076 28,809 46,049 17,195 6,012 12,327 15,678 54,317
Total loans and securities 440,119 26,360 147,541 14,455 29,909 41,141 28,854 46,135 17,228 6,022 12,359 15,703 54,411
Items in process of collection 8,083 463 832 222 268 557 997 708 245 671 285 502 2,333
Bank premises 1,274 94 156 51 134 126 78 108 31 132 55 150 159
Other assets(4) 31,096 1,353 9,629 1,422 1,894 2,408 2,394 3,362 892 595 998 1,400 4,749
Interdistrict settlement account 0 -4,091 +32,764 -2,065 -3,073 -9,525 -1,091 -8,242 -1,713 -1,188 +394 +3,111 -5,282
TOTAL ASSETS 501,293 25,358 198,076 14,767 30,404 36,531 32,605 44,097 17,444 6,523 14,659 21,735 59,095
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 $ 1650 million of inflation-indexed securities valued at the original face amount and
$ 23 million of compensation that adjusts for the effects of inflation on the principal of such
securities.
3 Net of $ 15,298 million matched sale-purchase transactions outstanding at the end of the latest
statement week. Includes $ 265 million securities loaned--fully secured by U.S. government
securities.
4 Includes assets denominated in foreign currencies, revalued monthly at market exchange rates. Includes
special investment account at Chicago of $ 135 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 January 14, 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 449,031 22,442 180,942 13,054 28,107 31,803 28,517 39,221 16,010 4,785 13,046 19,108 51,996
Deposits
Depository institutions 24,148 1,629 7,780 692 1,008 1,972 2,194 2,564 745 684 780 1,531 2,569
U.S. Treasury--general account 4,644 0 4,644 0 0 0 0 0 0 0 0 0 0
Foreign--official accounts 157 5 46 9 9 10 13 17 4 3 5 8 28
Other 337 1 116 1 4 70 2 137 1 1 2 1 2
Total deposits 29,286 1,635 12,585 701 1,022 2,051 2,209 2,719 749 688 787 1,541 2,599
Deferred credit items 7,005 443 766 219 220 533 804 570 235 561 382 322 1,949
Other liabilities and accrued
dividends (1) 4,775 293 1,450 188 321 444 341 506 204 99 171 193 566
TOTAL LIABILITIES 490,097 24,813 195,743 14,161 29,670 34,832 31,872 43,015 17,198 6,134 14,386 21,163 57,110
CAPITAL ACCOUNTS
Capital paid in 5,473 262 1,108 317 356 833 360 527 115 194 134 284 982
Surplus 5,220 254 1,055 273 335 818 338 502 122 189 119 271 945
Other capital accounts 503 29 170 16 43 48 34 52 9 6 21 18 59
TOTAL LIABILITIES AND CAPITAL
ACCOUNTS 501,293 25,358 198,076 14,767 30,404 36,531 32,605 44,097 17,444 6,523 14,659 21,735 59,095
FEDERAL RESERVE AGENTS' ACCOUNTS
F.R. notes outstanding 548,053 27,884 210,688 16,604 31,836 39,126 37,759 46,849 18,459 6,582 15,195 25,724 71,348
Less--Held by F.R. Banks 99,022 5,442 29,746 3,550 3,729 7,323 9,242 7,628 2,449 1,796 2,150 6,617 19,351
F.R. notes, net 449,031 22,442 180,942 13,054 28,107 31,803 28,517 39,221 16,010 4,785 13,046 19,108 51,996
Collateral held against F.R. notes
Gold certificate account 11,046
Special drawing rights
certificate account 9,200
Other eligible assets 0
U.S. govt. and agency securities 428,786
Total collateral 449,031
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: January 15, 1998