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Release Date: April 2, 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
April 2, 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 Apr 1, 1998 Mar 25, 1998 Apr 2, 1997 Apr 1, 1998
Reserve Bank Credit (1,2) 468,282 + 1,745 + 29,670 470,024
U.S. government securities
Bought outright-system account (3) 433,099 + 212 + 36,279 433,361
Held under repurchase agreements 2,185 + 1,072 - 3,981 3,297
Federal agency obligations
Bought outright 625 0 - 1,370 625
Held under repurchase agreements 425 + 251 - 1,722 1,028
Acceptances 0 0 0 0
Loans to depository institutions
Adjustment credit 2 - 17 - 564 0
Seasonal credit 29 + 3 - 28 27
Extended credit 0 0 0 0
Float 330 - 161 - 95 734
Other F.R. assets 31,587 + 386 + 1,152 30,951
Gold stock 11,049 0 - 1 11,049
Special drawing rights certificate account 9,200 0 0 9,200
Treasury currency outstanding 25,788 + 14 + 615 25,788
Total factors supplying reserve funds 514,319 + 1,759 + 30,284 516,061
Currency in circulation* 473,863 + 109 + 29,385 475,338
Treasury cash holdings* 264 + 4 - 44 259
Deposits,other than reserve balances,with F.R.Banks
Treasury 5,033 - 148 - 503 3,534
Foreign 179 + 15 - 125 186
Service-related balances and adjustments (4) 6,846 - 170 - 98 6,847
Other 363 + 5 - 19 353
Other F.R. liabilities and capital 15,894 - 195 + 1,263 15,394
Total factors, other than reserve balances,
absorbing reserve funds 502,442 - 379 + 29,859 501,911
Reserve balances with F.R. Banks (5) 11,877 + 2,137 + 425 14,150
On April 1, 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 613,724 million, a change of
+$ 2,567 million for the week. The total includes the face value of U.S. Treasury strips and other zero
coupon bonds.
1 Net of $ 16,974 million daily average, matched sale-purchase transactions outstanding during the
latest statement week, of which a net of $ 16,974 million was with foreign official and international
accounts. Includes securities loaned--fully secured by U.S. government securities.
2 Net of $ 16,712 million matched sale-purchase transactions outstanding at the end of the latest
statement week, of which a net of $ 16,712 million was with foreign official and international
accounts. Includes $ 60 million securities loaned--fully secured U.S. government securities.
3 Includes $ 2050 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 $ 6,613 million and adjustments of $ 234 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
Apr 1, 1998 Mar 25, 1998 Apr 2, 1997
ASSETS
Gold certificate account 11,049 0 - 1
Special drawing rights certificate account 9,200 0 0
Coin 520 - 17 - 140
Loans 28 - 10 - 35
Acceptances 0 0 0
Federal agency obligations
Bought outright 625 0 - 1,370
Held under repurchase agreements (1) 1,028 - 17 - 703
U.S. government securities
Bought outright--Bills 195,437 - 758 + 4,307
Notes (2) 176,436 + 1 + 21,909
Bonds 61,488 0 + 10,089
Total bought outright (3) 433,361 - 758 + 36,305
Held under repurchase agreements (1) 3,297 - 2,438 - 4,914
Total U.S. government securities 436,658 - 3,196 + 31,391
Total loans and securities 438,339 - 3,222 + 29,284
Items in process of collection (356) 8,015 + 1,525 + 139
Bank premises 1,280 0 + 38
Other assets (4) 29,638 - 785 + 509
TOTAL ASSETS (356) 498,041 - 2,500 + 29,829
LIABILITIES
Federal Reserve notes 450,329 + 783 + 28,505
Deposits
Depository institutions 20,727 - 2,863 + 966
U.S. Treasury--general account 3,534 - 1,285 - 1,558
Foreign--official accounts 186 + 27 - 44
Other 353 - 11 - 23
Total deposits 24,800 - 4,133 - 660
Deferred availability cash items (356) 7,517 + 1,370 + 958
Other liabilities and accrued dividends (5) 4,601 - 91 + 48
TOTAL LIABILITIES (356) 487,248 - 2,072 + 28,852
CAPITAL ACCOUNTS
Capital paid in 5,471 + 18 + 709
Surplus 5,202 - 19 + 706
Other capital accounts 120 - 427 - 438
*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 $ 2050 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 $ 16,712 million matched sale-purchase transactions outstanding at the end of the latest
statement week. Includes $ 60 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 $ 200 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, April 1, 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 1 0 Within 15 days 16,996 - 1,849 1,088 + 43
16 to 90 days 26 0 16 to 90 days 96,876 + 3,798 14 - 60
Over 90 days 0 0 91 days to 1 year 135,190 - 4,993 175 0
Over 1 to 5 years 97,095 - 151 126 0
Over 5 to 10 years 40,126 0 225 0
Over 10 years 50,376 0 25 0
Total 28 0 Total 436,658 - 3,196 1,653 - 17
1 Includes $ 2050 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 April 1, 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 11,049 624 3,936 350 669 965 723 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 520 31 29 60 31 65 41 67 14 24 44 38 76
Loans 28 1 0 0 0 0 5 12 0 7 3 0 0
Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0
Federal agency obligations
Bought outright 625 38 202 21 43 59 42 67 25 9 18 23 79
Held under repurchase agreements(1) 1,028 0 1,028 0 0 0 0 0 0 0 0 0 0
U.S. government securities
Bought outright--Bills 195,437 11,914 63,214 6,534 13,519 18,595 13,042 20,846 7,784 2,722 5,581 7,098 24,589
Notes (2) 176,436 10,756 57,069 5,898 12,204 16,787 11,774 18,820 7,027 2,457 5,038 6,408 22,199
Bonds 61,488 3,748 19,888 2,056 4,253 5,850 4,103 6,559 2,449 856 1,756 2,233 7,736
Total bought outright(3) 433,361 26,419 140,171 14,488 29,976 41,233 28,919 46,224 17,260 6,035 12,374 15,738 54,524
Held under repurchase agreements(1) 3,297 0 3,297 0 0 0 0 0 0 0 0 0 0
Total U.S. govt. securities 436,658 26,419 143,468 14,488 29,976 41,233 28,919 46,224 17,260 6,035 12,374 15,738 54,524
Total loans and securities 438,339 26,458 144,698 14,509 30,019 41,292 28,965 46,303 17,286 6,051 12,395 15,761 54,603
Items in process of collection 8,372 554 969 270 444 585 878 717 360 584 546 473 1,991
Bank premises 1,280 94 156 50 139 126 80 107 31 132 54 150 159
Other assets(4) 29,638 1,501 8,270 1,268 1,852 3,779 1,873 2,996 841 797 725 1,304 4,432
Interdistrict settlement account 0 -5,004 +28,330 -2,035 -2,151 -10,268 -1,749 -5,771 -2,340 -907 +808 +7,020 -5,931
TOTAL ASSETS 498,397 24,787 189,592 14,753 31,578 37,337 31,414 46,388 16,932 6,950 15,105 25,571 57,991
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 $ 2050 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 $ 16,712 million matched sale-purchase transactions outstanding at the end of the latest
statement week. Includes $ 60 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 $ 200 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 April 1, 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 450,329 22,330 175,977 12,573 28,971 33,081 28,017 41,910 15,476 5,348 13,559 23,137 49,951
Deposits
Depository institutions 20,727 1,195 5,473 1,116 1,214 1,407 1,516 2,078 714 532 653 1,290 3,538
U.S. Treasury--general account 3,534 0 3,534 0 0 0 0 0 0 0 0 0 0
Foreign--official accounts 186 7 71 8 9 22 9 14 3 5 3 7 26
Other 353 3 37 1 1 99 1 203 1 0 6 1 1
Total deposits 24,800 1,205 9,115 1,125 1,224 1,528 1,526 2,295 718 538 662 1,299 3,565
Deferred credit items 7,874 506 841 262 361 637 840 668 305 600 459 392 2,002
Other liabilities and accrued
dividends (1) 4,601 277 1,421 183 306 428 325 481 193 97 163 186 541
TOTAL LIABILITIES 487,604 24,319 187,355 14,143 30,862 35,674 30,709 45,354 16,692 6,583 14,843 25,013 56,058
CAPITAL ACCOUNTS
Capital paid in 5,471 211 1,119 319 375 840 363 526 116 190 134 290 987
Surplus 5,202 254 1,055 273 335 818 338 502 122 176 119 265 945
Other capital accounts 120 3 63 19 5 5 3 6 3 1 9 3 1
TOTAL LIABILITIES AND CAPITAL
ACCOUNTS 498,397 24,787 189,592 14,753 31,578 37,337 31,414 46,388 16,932 6,950 15,105 25,571 57,991
FEDERAL RESERVE AGENTS' ACCOUNTS
F.R. notes outstanding 553,602 26,957 213,747 15,790 32,094 39,546 36,506 50,628 17,667 6,688 15,745 28,477 69,755
Less--Held by F.R. Banks 103,272 4,627 37,770 3,218 3,124 6,465 8,489 8,718 2,191 1,341 2,186 5,340 19,804
F.R. notes, net 450,329 22,330 175,977 12,573 28,971 33,081 28,017 41,910 15,476 5,348 13,559 23,137 49,951
Collateral held against F.R. notes
Gold certificate account 11,049
Special drawing rights
certificate account 9,200
Other eligible assets 0
U.S. govt. and agency securities 430,080
Total collateral 450,329
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: April 2, 1998