Federal Reserve Statistical Release, H.4.1, Factors Affecting Reserve Balances; title with eagle logo links to Statistical Release home page

Release Date:  December 26, 1997

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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
December 26, 1997
Millions of dollars
  Averages of daily figures
    Change from week ended  
Reserve balances of depository institutions at
F.R. Banks, Reserve Bank credit, and related items
Week ended
Dec 24, 1997
Dec 17, 1997 Dec 25, 1996 Wednesday
Dec 24, 1997
Reserve Bank Credit  (1,2)                                  471,597     +   4,898     +  30,090       475,558 
  U.S. government securities                                         
    Bought outright-system account (3)                      429,198     -   1,221     +  36,543       432,059 
    Held under repurchase agreements                          7,270     +   4,370     -   4,638         7,123 
  Federal agency obligations                                         
    Bought outright                                             685             0     -   1,540           685 
    Held under repurchase agreements                          1,483     +     685     +     528         1,902 
  Acceptances                                                     0             0             0             0 
  Loans to depository institutions                                   
    Adjustment credit                                            92     -     186     -      27            21 
    Seasonal credit                                              78     -       6     +       8            75 
    Extended credit                                               0             0             0             0 
   Float                                                        851     +     362     -     473         2,083 
   Other F.R. assets                                         31,941     +     895     -     312        31,611 
Gold stock                                                   11,049             0     +       1        11,048 
Special drawing rights certificate account                   9,200            0    -     518        9,200 
Treasury currency outstanding                                25,630     +      14     +     662        25,630 
        Total factors supplying reserve funds               517,476     +   4,912     +  30,234       521,437 
                                                     
Currency in circulation*                                    477,146     +   4,051     +  30,869       480,548 
Treasury cash holdings*                                         229     -       2     -      20           229 
Deposits,other than reserve balances,with F.R.Banks                                
  Treasury                                                    5,001     -   1,329     -     693         4,949 
  Foreign                                                       156     -      14     -      45           157 
  Service-related balances and adjustments (4)                6,988     +     183     +      69         6,988 
  Other                                                         333     -      46     +      33           296 
Other F.R. liabilities and capital                           16,343     +     151     +   1,773        16,141 
        Total factors, other than reserve balances,    
        absorbing reserve funds                       
     506,196     +   2,995     +  31,987       509,308 
                                                              
Reserve balances with F.R. Banks  (5)                        11,280     +   1,917     -   1,753        12,129 
                                                                                  
On December 24, 1997, the face amount of marketable U.S. government securities held in custody by the
Federal Reserve Banks for foreign official and international accounts was 603,376 million, a change of
-$ 12,474 million for the week. The total includes the face value of U.S. Treasury strips and other zero
coupon bonds.
1 Net of $ 17,135 million daily average, matched sale-purchase transactions outstanding during the
latest statement week, of which a net of $ 17,135 million was with foreign official and international
accounts. Includes securities loaned--fully secured by U.S. government securities.
2 Net of $ 15,702 million matched sale-purchase transactions outstanding at the end of the latest
statement week, of which a net of $ 15,702 million was with foreign official and international
accounts. Includes $ 326 million securities loaned--fully secured U.S. government securities.
3 Includes $ 1650 million of inflation-indexed securities valued at the original face amount and
$ 22 million of compensation that adjusts for the effects of inflation on the principal of such
securities.
4 Consists of required clearing balances of $ 6,653 million and adjustments of $ 335 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
ASSETS * Wednesday
Dec 24, 1997
Wednesday
Dec 17, 1997
Wednesday
Dec 25, 1996
Gold certificate account                                         11,048         -       1                 0 
Special drawing rights certificate account                        9,200                 0         -     518 
Coin                                                                485         -      11         -     135 
                                                
Loans                                                                96         -     882         -       9 
Acceptances                                                           0                 0                 0 
Federal agency obligations                            
  Bought outright                                                   685                 0         -   1,540 
  Held under repurchase agreements (1)                            1,902         +      22         +     947 
U.S. government securities                          
  Bought outright--Bills                                        198,447         +   1,512         +   3,327 
                   Notes (2)                                    174,205         +       1         +  23,283 
                   Bonds                                         59,407                 0         +  10,068 
    Total bought outright (3)                                   432,059         +   1,513         +  36,679 
  Held under repurchase agreements (1)                            7,123         -   2,292         -   4,785 
     Total U.S. government securities                           439,182         -     779         +  31,894 
       Total loans and securities                               441,865         -   1,639         +  31,291 
     
Items in process of collection                      (497)        10,884         +   2,869         +     190 
Bank premises                                                     1,271         +       4         +      39 
Other assets (4)                                                 30,388         -     467         -     728 
                TOTAL ASSETS                        (497)       505,142         +     754         +  30,139 
     
                LIABILITIES                           
Federal Reserve notes                                           455,632         +   5,165         +  31,141 
Deposits                                           
  Depository institutions                                        20,097         -   2,350         -     813 
  U.S. Treasury--general account                                  4,949         -   2,543         -   1,530 
  Foreign--official accounts                                        157         +       3         -      57 
    Other                                                           296         -      85         +      32 
      Total deposits                                             25,499         -   4,975         -   2,369 
Deferred availability cash items                    (497)         7,870         +     444         -      97 
Other liabilities and accrued dividends (5)                       4,932         -       9         +     225 
                TOTAL LIABILITIES                   (497)       493,933         +     625         +  28,899 
                                                
                CAPITAL ACCOUNTS                     
Capital paid in                                                   5,443         +      86         +     842 
Surplus                                                           4,389                 0         +     528 
Other capital accounts                                            1,377         +      42         -     131 
 
*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
$ 22 million of compensation that adjusts for the effects of inflation on the principal of such
securities.
3 Net of $ 15,702 million matched sale-purchase transactions outstanding at the end of the latest
statement week. Includes $ 326 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 $ 157 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, December 24, 1997
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
securities (1)
Federal agency
obligations
  Loans Acceptances   Holdings Weekly
changes
Holdings Weekly
changes
Within 15 days   96  Within 15 days       19,907  +   2,217   1,902  +      22 
16 to 90 days     0  16 to 90 days        95,600  -   2,887      60          0 
Over 90 days      0  91 days to 1 year   138,259  -     110     192          0 
                        Over 1 to 5 years    96,202  +       1     153          0 
                        Over 5 to 10 years   40,906          0     255          0 
                        Over 10 years        48,308          0      25          0 
    Total        96      Total           439,182  -     779   2,587  +      22 
 
1 Includes $ 1650 million of inflation-indexed securities valued at the original face amount and
$ 22 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 December 24, 1997
Millions of dollars
ASSETS Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas
City
Dallas San
Francisco
Gold certificate account                      11,048         624       3,935         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                                             485          26          21          53          30          68          47          56          17          21          38          40          70 
                                                               
Loans                                             96           1           0           1           0           0           4           9          10          32          30           0           8 
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)          1,902           0       1,902           0           0           0           0           0           0           0           0           0           0 
U.S. government securities                                         
  Bought outright--Bills                     198,447      12,098      64,188       6,634      13,727      18,882      13,243      21,167       7,904       2,764       5,667       7,207      24,968 
                   Notes (2)                 174,205      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)                432,059      26,339     139,750      14,444      29,886      41,109      28,832      46,085      17,208       6,017      12,337      15,691      54,360 
  Held under repurchase agreements(1)          7,123           0       7,123           0           0           0           0           0           0           0           0           0           0 
     Total U.S. govt. securities             439,182      26,339     146,873      14,444      29,886      41,109      28,832      46,085      17,208       6,017      12,337      15,691      54,360 
       Total loans and securities            441,865      26,382     148,996      14,468      29,933      41,174      28,882      46,167      17,246       6,058      12,387      15,716      54,454 
                                                               
Items in process of collection                11,381         559       1,139         401         507         761       1,758       1,143         262       1,133         388         703       2,627 
Bank premises                                  1,271          94         156          50         131         126          78         108          31         133          55         150         159 
Other assets(4)                               30,388       1,333       8,999       1,421       1,903       2,370       2,381       3,360         889         595         996       1,398       4,744 
Interdistrict settlement account                   0      -3,647     +25,798        -700      -3,086      -9,493         +42      -7,231      -1,529      -1,550        +893      +3,327      -2,825 
          TOTAL ASSETS                       505,639      25,901     192,247      16,326      30,661      36,762      34,513      45,572      17,657       6,660      15,289      22,161      61,890 
 

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
$ 22 million of compensation that adjusts for the effects of inflation on the principal of such
securities.
3 Net of $ 15,702 million matched sale-purchase transactions outstanding at the end of the latest
statement week. Includes $ 326 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 $ 157 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 December 24, 1997
Millions of dollars
LIABILITIES Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas
City
Dallas San
Francisco
Federal Reserve notes                        455,632      22,920     178,671      13,851      28,294      32,248      30,449      40,210      16,391       4,767      13,535      19,960      54,336  
Deposits                                                          
  Depository institutions                     20,097       1,785       3,632       1,454         975       1,629       1,979       2,883         551         604         773       1,058       2,773  
  U.S. Treasury--general account               4,949           0       4,949           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                                          296           1          95           1           2          30           2         158           1           0           1           2           2  
    Total deposits                            25,499       1,791       8,722       1,464         986       1,669       1,995       3,058         556         608         780       1,068       2,803  
Deferred credit items                          8,367        414         966        249         314        700         931        715         240        794         496        368       2,179  
Other liabilities and accrued             
  dividends (1)                           
    4,932         298       1,549         189         331         454         343         510         204         102         171         193         588  
    TOTAL LIABILITIES                        494,430      25,423     189,908      15,753      29,925      35,072  ;    33,718      44,493      17,391       6,272      14,982      21,589      59,906  
 
       CAPITAL ACCOUNTS                                            
Capital paid in                                5,443         262       1,108         284         358         833         359         527         127         194         127         284         980  
Surplus                                        4,389         164         999         262         279         303         405         512         109         101         167         244         845  
Other capital accounts                         1,377          53         233          27          99         555          31          40          29          93          14          43         159  
     TOTAL LIABILITIES AND CAPITAL        
        ACCOUNTS                          
  505,639      25,901     192,247      16,326      30,661      36,762      34,513      45,572      17,657       6,660      15,289      22,161      61,890  
              
FEDERAL RESERVE AGENTS' ACCOUNTS                                              
F.R. notes outstanding                       551,126      27,999     210,100      16,844      31,799      39,277      38,616      47,244      18,618       6,515      15,394      26,171      72,549  
  Less--Held by F.R. Banks                    95,494       5,079      31,429       2,994       3,505       7,029       8,167       7,034       2,227       1,747       1,859       6,211      18,213  
  F.R. notes, net                            455,632      22,920     178,671      13,851      28,294      32,248      30,449      40,210      16,391       4,767      13,535      19,960      54,336  
Collateral held against F.R. notes                          
   Gold certificate account                   11,048                    
   Special drawing rights                 
     certificate account                  
 
    9,200  
                
   Other eligible assets                           0                  
   U.S. govt. and agency securities          435,384                  
     Total collateral                        455,632                  
 
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: December 26, 1997