Federal Reserve Statistical Release, H.4.1, Factors Affecting Reserve Balances; title with eagle logo links to Statistical Release home page
Release Date: February 21, 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
                                                                                          February 21, 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           Feb 20, 2008 Feb 13, 2008 Feb 21, 2007 Feb 20, 2008
Federal Reserve Banks

Reserve Bank Credit                                         866,859    +   8,524    +  15,145      862,797
 Securities held outright                                   713,364    -       8    -  65,534      713,362       
    U.S. Treasury (1)                                       713,364    -       8    -  65,534      713,362
       Bills (2)                                            200,360            0    -  76,659      200,360
       Notes and bonds, nominal (2)                         470,010            0    +   3,335      470,010
       Notes and bonds, inflation-indexed (2)                38,437            0    +   6,661       38,437
       Inflation compensation (3)                             4,558    -       7    +   1,130        4,556
    Federal agency (2)                                            0            0            0            0      
 Repurchase agreements(4)                                    43,536    +  25,179    +   8,357       38,750
 Term auction credit                                         60,000            0    +  60,000       60,000  
 Other loans                                                    223    +     165    +     197        1,371
    Primary credit                                              220    +     163    +     215        1,368
    Secondary credit                                              0            0            0            0
    Seasonal credit                                               3    +       2    -      18            3
 Float                                                       -1,291    -     264    -   1,080       -1,266
 Other Federal Reserve assets                                51,026    -  16,549    +  13,204       50,579
Gold stock                                                   11,041            0            0       11,041
Special drawing rights certificate account                    2,200            0            0        2,200
Treasury currency outstanding (5)                            38,779    +      14    +     487       38,779
       
Total factors supplying reserve funds                       918,879    +   8,538    +  15,632      914,817
                                                                   
Currency in circulation(5)                                  817,160    +   3,301    +   9,360      817,666
Reverse repurchase agreements (6)                            37,977    +   1,571    +     261       38,610
   Foreign official and international accounts               37,977    +   1,571    +     261       38,610
   Dealers                                                        0            0            0            0
Treasury cash holdings                                          269    -       6    +      59          262
Deposits with F.R.Banks, other than reserve balances         11,017    -   1,521    -   1,019       11,674       
  U.S. Treasury, general account                              3,861    -   1,455    -   1,079        4,525
  Foreign official                                               98    +       1    +       7          101
  Service-related                                             6,748    -      64    +      10        6,748
     Required clearing balances                               6,748    -      64    +      10        6,748
     Adjustments to compensate for float                          0            0            0            0
  Other                                                         310    -       3    +      43          299
Other liabilities and capital                                42,407    +     879    +   4,775       42,916

Total factors, other than reserve balances,                                        
   absorbing reserve funds                                  908,829    +   4,224    +  13,436      911,127

Reserve balances with Federal Reserve Banks                  10,050    +   4,315    +   2,196        3,690
                                                                

Memo (off-balance-sheet items):
  Marketable securities held in custody for foreign
         official and international accounts(2,7)         2,130,220    +  17,312    + 303,639    2,135,053
     U.S. Treasury                                        1,264,063    -   2,617    +  71,285    1,266,381
     Federal agency                                         866,158    +  19,929    + 232,356      868,672
  Securities lent to dealers                                 16,019    +   6,269    +  13,565       16,035   


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


1  Includes securities lent to dealers, which are fully collateralized by other U.S. Treasury securities.  
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.


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 Feb 20, 2008     Feb 13, 2008     Feb 21, 2007

Assets
Gold certificate account                                        11,037                0                0
Special drawing rights certificate account                       2,200                0                0
Coin                                                             1,359        -      21        +     358
Securities, repurchase agreements, term auction
      credit, and other loans                                  813,484        +  12,076        +     540
   Securities held outright                                    713,362        -       7        -  65,540
      U.S. Treasury (1)                                        713,362        -       7        -  65,540       
         Bills (2)                                             200,360                0        -  76,659
         Notes and bonds, nominal (2)                          470,010                0        +   3,335
         Notes and bonds, inflation-indexed (2)                 38,437                0        +   6,661
         Inflation compensation (3)                              4,556        -       7        +   1,124
      Federal agency (2)                                             0                0                0
   Repurchase agreements (4)                                    38,750        +  10,750        +   4,750    
   Term auction credit                                          60,000                0        +  60,000
   Other loans                                                   1,371        +   1,332        +   1,330
Items in process of collection                    (1,098)        2,914        +   1,538        -   5,168
Bank premises                                                    2,134        +       2        +     174
Other assets (5)                                                48,330        -  17,234        +  12,498
      Total assets                                (1,098)      881,457        -   3,640        +   8,401
                          
Liabilities
Federal Reserve notes, net of FR Bank holdings                 780,503        +   1,566        +   9,265
Reverse repurchase agreements (6)                               38,610        +      20        +     466
Deposits                                              (0)       15,249        -   8,155        -   5,125       
  Depository institutions                                       10,323        -   7,701        -   4,399
  U.S. Treasury, general account                                 4,525        -     454        -     779
  Foreign official                                                 101        +       5        +      10
  Other                                               (0)          299        -       6        +      42
Deferred availability cash items                  (1,098)        4,180        +   1,372        -   1,730
Other liabilities and accrued dividends (7)                      4,394        +     419        -   1,251
      Total liabilities                           (1,098)      842,935        -   4,779        +   1,626
                          
Capital Accounts
Capital paid in                                                 19,353        +     867        +   3,494
Surplus                                                         18,457        +       9        +   3,233
Other capital accounts                                             713        +     264        +      49
      Total capital                                             38,522        +   1,139        +   6,775


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

1  Includes securities lent to dealers, which are fully collateralized by other U.S. Treasury securities.
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,  February 20, 2008
Millions of dollars
                   Term auction    Other      U.S. Treasury                        Reverse
Remaining maturity    credit       loans       securities (1)        Repurchase   repurchase
                                                          Weekly     agreements(2)agreements(2)
                                              Holdings    changes    
Within 15 days          30,000        1,368      48,171   -   5,317       38,750       38,610
16 days to 90 days      30,000            4     114,849   +   8,965            0            0
91 days to 1 year     ------              0     135,884   -  10,735     ------      ------
Over 1 to 5 years     ------       ------       231,343   -   1,744     ------      ------
Over 5 to 10 years    ------       ------        88,939   +   4,533     ------      ------
Over 10 years         ------       ------        94,177   +   4,293     ------      ------
                   		 	
All                     60,000        1,371     713,362   -       7       38,750       38,610

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  February 20, 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        449      4,053        455        428        869      1,117        903        326        203        335        613      1,286
Special drawing rights certificate acct.       2,200        115        874         83        104        147        166        212         71         30         66         98        234
Coin                                           1,359         46         63        107        127        158        170        154         56         56         82        147        192
Securities, repurchase agreements, term
      auction credit, and other loans        813,484     36,779    317,350     33,274     30,965     66,158     74,954     63,685     24,618     15,472     24,548     34,295     91,387
   Securities held outright                  713,362     32,876    258,306     31,559     29,193     61,807     66,163     59,835     22,800     14,233     23,092     31,343     82,155
      U.S. Treasury (1)                      713,362     32,876    258,306     31,559     29,193     61,807     66,163     59,835     22,800     14,233     23,092     31,343     82,155
         Bills (2)                           200,360      9,234     72,550      8,864      8,199     17,360     18,583     16,806      6,404      3,998      6,486      8,803     23,075
         Notes and bonds(3)                  513,002     23,642    185,757     22,695     20,994     44,448     47,580     43,029     16,396     10,236     16,606     22,540     59,080
         Federal agency (2)                        0          0          0          0          0          0          0          0          0          0          0          0          0
      Repurchase agreements(4)                38,750      1,786     14,031      1,714      1,586      3,357      3,594      3,250      1,238        773      1,254      1,703      4,463
      Term auction credit                     60,000      1,510     44,872          0         10        813      5,195        370        580       466        200      1,250      4,734     
      Other loans                              1,371        607        140          0        176        180          2        230          0          0          1          0         35
Items in process of collection                 4,012        145        106        273        509        224        434        391         94        204        524        240        869
Bank premises                                  2,134        119        214         65        152        185        230        204        114        112        274        256        209
Other assets(5)                               48,330      2,531     14,422      3,890      2,940     10,334      3,838      2,584        795        932        814      1,271      3,978
Interdistrict settlement account                   0    - 2,225    -25,382    + 2,402    + 1,549    + 3,944    + 1,835    +10,808    + 4,898    + 1,253    + 5,885    -   979    - 3,988
          Total Assets                       882,555     37,959    311,700     40,548     36,774     82,019     82,742     78,941     30,972     18,264     32,528     35,941     94,168

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

1  Includes securities lent to dealers, which are fully collateralized by other U.S. Treasury securities.
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  February 20, 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

Liabilities                         
Federal Reserve notes outstanding             997,947     39,325    346,591     42,232     39,771     80,315    110,545     86,286     32,887     19,175     33,191     56,671    110,958
  Less: notes held by F.R. Banks              217,444      6,188     66,834      8,571      8,631     14,391     36,250     14,421      4,239      3,083      3,319     24,394     27,122
    Federal Reserve notes, net                780,503     33,137    279,757     33,661     31,141     65,924     74,295     71,865     28,648     16,092     29,872     32,277     83,836
Reverse repurchase agreements (1)              38,610      1,779     13,981      1,708      1,580      3,345      3,581      3,238      1,234        770      1,250      1,696      4,447
Deposits                                       15,249        440      6,674        496        425      1,658      1,024        864        378        246        411        661      1,971
  Depository institutions                      10,323        399      1,908        492        421      1,575      1,020        861        365        245        409        661      1,968
  U.S. Treasury, general account                4,525          0      4,525          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                                           299         38        171          0          2         72          0          1         13          0          1          0          0
Deferred availability cash items                5,278        238        108        806        771        499        449        471        149        307        425        339        718
Other liabilities and accrued                 
  dividends (2)                                 4,394        206      1,284        211        221        546        438        377        180        125        163        216        426
   
    Total liabilities                         844,033     35,800    301,804     36,882     34,138     71,972     79,787     76,816     30,589     17,540     32,120     35,190     91,398
                              
Capital                    
Capital paid in                                19,353      1,077      5,007      1,817      1,311      4,997      1,447      1,256        182        357        196        361      1,345
Surplus                                        18,457      1,049      4,624      1,813      1,291      4,996      1,425        815        180        355        194        364      1,350
Other capital                                     713         33        265         35         34         54         84         55         21         12         19         27         75
     Total liabilities and capital            882,555     37,959    311,700     40,548     36,774     82,019     82,742     78,941     30,972     18,264     32,528     35,941     94,168
                              

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
                                          Feb 20, 2008
              
Federal Reserve notes outstanding             997,947
   Less: Notes held by F.R. Banks
         not subject to collateralization     217,444
      Federal Reserve notes to be
         collateralized                       780,503 
Collateral held against Federal Reserve            
   notes                                      780,503
   Gold certificate account                    11,037
   Special drawing rights                 
     certificate account                        2,200
   U.S. Treasury and agency securities   
     pledged (1)                              713,467
   Other assets pledged                        53,799

Memo:
Total U.S. Treasury and agency 
       securities (1)                         752,112
   Less:face value of securities under
         reverse repurchase agreements         38,646
      U.S. Treasury and agency securities
             eligible to be pledged           713,467
   

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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