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Release Date: July 16, 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
July 16, 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 Jul 15, 1998 Jul 8, 1998 Jul 16, 1997 Jul 15, 1998
Reserve Bank Credit (1,2) 481,522 + 2,084 + 30,842 487,212
U.S. government securities
Bought outright-system account (3) 441,798 + 1,444 + 30,679 440,887
Held under repurchase agreements 5,105 + 468 + 66 9,492
Federal agency obligations
Bought outright 526 0 - 697 526
Held under repurchase agreements 1,121 + 305 + 25 2,425
Acceptances 0 0 0 0
Loans to depository institutions
Adjustment credit 1 - 3 - 9 3
Seasonal credit 195 - 1 - 108 204
Extended credit 0 0 0 0
Float 399 - 378 + 202 650
Other F.R. assets 32,378 + 249 + 684 33,025
Gold stock 11,047 - 1 - 3 11,047
Special drawing rights certificate account 9,200 0 0 9,200
Treasury currency outstanding 25,878 + 14 + 527 25,878
Total factors supplying reserve funds 527,647 + 2,097 + 31,366 533,337
Currency in circulation* 486,605 + 457 + 29,735 487,127
Treasury cash holdings* 194 - 7 - 151 189
Deposits,other than reserve balances,with F.R.Banks
Treasury 5,171 - 785 + 252 5,309
Foreign 163 - 13 - 27 180
Service-related balances and adjustments (4) 6,864 - 225 - 616 6,864
Other 292 - 8 - 29 279
Other F.R. liabilities and capital 16,837 + 90 + 1,478 16,589
Total factors, other than reserve balances,
absorbing reserve funds 516,126 - 491 + 30,642 516,538
Reserve balances with F.R. Banks (5) 11,521 + 2,588 + 724 16,799
On July 15, 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 586,656 million, a change of
-$ 3,035 million for the week. The total includes the face value of U.S. Treasury strips and other zero
coupon bonds.
1 Net of $ 16,225 million daily average, matched sale-purchase transactions outstanding during the
latest statement week, of which a net of $ 16,225 million was with foreign official and international
accounts. Includes securities loaned--fully secured by U.S. government securities.
2 Net of $ 16,014 million matched sale-purchase transactions outstanding at the end of the latest
statement week, of which a net of $ 16,014 million was with foreign official and international
accounts. Includes $ 150 million securities loaned--fully secured U.S. government securities.
3 Includes $ 2,850 million of inflation-indexed securities valued at the original face amount and
$ 41 million of compensation that adjusts for the effects of inflation on the principal of such
securities.
4 Consists of required clearing balances of $ 6,631 million and adjustments of $ 233 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
Jul 15, 1998 Jul 8, 1998 Jul 16, 1997
ASSETS
Gold certificate account 11,047 - 1 - 2
Special drawing rights certificate account 9,200 0 0
Coin 395 + 18 - 73
Loans 208 + 4 - 125
Acceptances 0 0 0
Federal agency obligations
Bought outright 526 0 - 684
Held under repurchase agreements (1) 2,425 + 1,956 + 1,925
U.S. government securities
Bought outright--Bills 199,685 + 1,867 + 2,738
Notes (2) 178,885 - 1,710 + 18,360
Bonds (3) 62,317 + 402 + 8,056
Total bought outright (4) 440,887 + 559 + 29,154
Held under repurchase agreements (1) 9,492 + 4,598 + 4,652
Total U.S. government securities 450,379 + 5,157 + 33,806
Total loans and securities 453,537 + 7,117 + 34,923
Items in process of collection (468) 7,531 + 803 + 290
Bank premises 1,294 0 + 35
Other assets (5) 31,770 + 702 + 1,517
TOTAL ASSETS (468) 514,773 + 8,639 + 36,689
LIABILITIES
Federal Reserve notes 461,833 - 674 + 29,512
Deposits
Depository institutions 23,707 + 8,377 + 6,843
U.S. Treasury--general account 5,309 + 376 - 1,252
Foreign--official accounts 180 + 31 - 85
Other 279 + 4 - 37
Total deposits 29,477 + 8,788 + 5,469
Deferred availability cash items (468) 6,874 + 513 + 287
Other liabilities and accrued dividends (6) 4,636 - 1 - 27
TOTAL LIABILITIES (468) 502,820 + 8,626 + 35,241
CAPITAL ACCOUNTS
Capital paid in 5,815 + 4 + 741
Surplus 5,220 0 + 725
Other capital accounts 918 + 9 - 17
*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 $ 2,050 million of inflation-indexed securities valued at the original face amount and
$ 37 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
$ 4 million of compensation that adjusts for the effects of inflation on the principal of such
securities.
4 Net of $ 16,014 million matched sale-purchase transactions outstanding at the end of the latest
statement week. Includes $ 150 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 $ 69 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, July 15, 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 55 0 Within 15 days 19,893 + 4,512 2,425 + 1,956
16 to 90 days 153 0 16 to 90 days 94,052 - 223 98 0
Over 90 days 0 0 91 days to 1 year 144,441 + 814 109 + 5
Over 1 to 5 years 97,796 - 349 109 + 10
Over 5 to 10 years 43,017 0 185 - 15
Over 10 years 51,181 + 402 25 0
Total 208 0 Total 450,379 + 5,157 2,951 + 1,956
1 Includes $ 2,850 million of inflation-indexed securities valued at the original face amount and
$ 41 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 July 15, 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 11,047 582 4,207 323 643 807 717 998 358 128 289 530 1,465
Special drawing rights certif. acct. 9,200 530 3,202 282 574 792 602 900 340 123 247 367 1,241
Coin 395 11 22 16 25 41 61 54 22 16 29 45 52
Loans 208 0 0 0 3 0 5 30 26 88 28 2 26
Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0
Federal agency obligations
Bought outright 526 29 195 15 34 41 32 50 18 6 15 24 66
Held under repurchase agreements(1) 2,425 0 2,425 0 0 0 0 0 0 0 0 0 0
U.S. government securities
Bought outright--Bills 199,685 10,875 74,011 5,806 12,978 15,730 12,147 19,170 7,017 2,194 5,539 9,079 25,138
Notes (2) 178,885 9,742 66,302 5,201 11,626 14,092 10,882 17,173 6,286 1,965 4,962 8,134 22,519
Bonds (3) 62,317 3,394 23,097 1,812 4,050 4,909 3,791 5,983 2,190 685 1,729 2,833 7,845
Total bought outright(4) 440,887 24,012 163,411 12,818 28,654 34,731 26,820 42,326 15,493 4,844 12,230 20,046 55,502
Held under repurchase agreements(1) 9,492 0 9,492 0 0 0 0 0 0 0 0 0 0
Total U.S. govt. securities 450,379 24,012 172,903 12,818 28,654 34,731 26,820 42,326 15,493 4,844 12,230 20,046 55,502
Total loans and securities 453,537 24,040 175,522 12,833 28,692 34,772 26,856 42,406 15,538 4,937 12,273 20,073 55,594
Items in process of collection 7,999 611 765 233 503 548 866 456 375 691 520 516 1,915
Bank premises 1,294 94 158 50 152 125 81 108 31 132 54 149 160
Other assets(5) 31,770 1,473 10,311 1,328 1,864 3,725 1,872 2,847 814 789 734 1,440 4,574
Interdistrict settlement account 0 -1,630 +9,139 -118 -1,303 -579 -14 -1,695 -650 +508 +1,430 +2,246 -7,332
TOTAL ASSETS 515,241 25,711 203,326 14,947 31,151 40,232 31,041 46,074 16,828 7,324 15,576 25,365 57,668
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 $ 2,050 million of inflation-indexed securities valued at the original face amount and
$ 37 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
$ 4 million of compensation that adjusts for the effects of inflation on the principal of such
securities.
4 Net of $ 16,014 million matched sale-purchase transactions outstanding at the end of the latest
statement week. Includes $ 150 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 $ 69 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 July 15, 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 461,833 22,433 188,065 13,171 27,953 34,150 27,220 41,169 15,233 5,553 13,920 22,819 50,148
Deposits
Depository institutions 23,707 2,009 4,990 828 1,618 3,010 1,724 2,619 872 751 790 1,418 3,079
U.S. Treasury--general account 5,309 0 5,309 0 0 0 0 0 0 0 0 0 0
Foreign--official accounts 180 7 66 8 9 22 9 14 3 5 3 7 26
Other 279 1 103 0 4 90 4 70 0 1 4 1 1
Total deposits 29,477 2,017 10,468 835 1,631 3,123 1,737 2,703 875 757 798 1,426 3,106
Deferred credit items 7,343 458 707 204 485 505 838 661 285 545 420 374 1,860
Other liabilities and accrued
dividends (1) 4,636 257 1,616 164 292 364 308 443 179 88 162 217 545
TOTAL LIABILITIES 503,288 25,166 200,856 14,374 30,361 38,142 30,103 44,976 16,573 6,943 15,299 24,836 55,659
CAPITAL ACCOUNTS
Capital paid in 5,815 264 1,163 285 385 1,034 466 538 122 191 137 235 993
Surplus 5,220 254 1,055 273 335 818 338 502 122 189 119 271 945
Other capital accounts 918 27 251 15 69 237 134 58 11 1 21 22 71
TOTAL LIABILITIES AND CAPITAL
ACCOUNTS 515,241 25,711 203,326 14,947 31,151 40,232 31,041 46,074 16,828 7,324 15,576 25,365 57,668
FEDERAL RESERVE AGENTS' ACCOUNTS
F.R. notes outstanding 569,062 26,621 232,080 15,470 30,953 40,880 35,722 49,823 17,525 7,276 16,061 29,085 67,568
Less--Held by F.R. Banks 107,228 4,188 44,015 2,299 2,999 6,730 8,502 8,654 2,292 1,722 2,142 6,266 17,420
F.R. notes, net 461,833 22,433 188,065 13,171 27,953 34,150 27,220 41,169 15,233 5,553 13,920 22,819 50,148
Collateral held against F.R. notes
Gold certificate account 11,047
Special drawing rights
certificate account 9,200
Other eligible assets 0
U.S. govt. and agency securities 441,587
Total collateral 461,833
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: July 16, 1998