Federal Reserve Statistical Release, H.4.1, Factors Affecting Reserve Balances; title with eagle logo links to Statistical Release home page
Release Date:  January 23, 2003
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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
January 23, 2003
1. Factors Affecting Reserve Balances of Depository Institutions
Millions of dollars
Reserve Bank credit, related items, and
reserve balances of depository institutions at
Federal Reserve Banks
Averages of daily figures Wednesday
Jan 22, 2003
Week ended
Jan 22, 2003
Change from week ended
Jan 15, 2003 Jan 23, 2002
                                                              
Reserve Bank Credit                                         697,026     +   3,987     +  65,111       711,477 
 Securities held outright                                   629,416             0     +  71,477       629,416 
    U.S. Treasury (1)                                       629,406             0     +  71,477       629,406 
       Bills (2)                                            226,682             0     +  41,642       226,682 
       Notes and bonds, nominal (2)                         389,219             0     +  27,465       389,219 
       Notes and bonds, inflation-indexed (2)                12,242             0     +   2,056        12,242 
       Inflation compensation (3)                             1,263             0     +     314         1,263 
    Federal agency (2)                                           10             0             0            10 
 Repurchase agreements(4)                                    27,036     +   2,608     -   8,893        36,750 
 Loans to depository institutions                                19     +       3     -      19            13 
    Primary credit                                               12     +       6     +      12             6 
    Secondary credit                                              0             0             0             0 
    Seasonal credit                                               7     -       4     -      10             7 
    Adjustment credit                                             0             0     -      21             0 
 Float                                                         827    +   1,077    +     731        5,412 
 Other Federal Reserve assets                                39,728     +     300     +   1,815        39,886 
Gold stock                                                   11,043             0     -       2        11,043 
Special drawing rights certificate account                    2,200             0             0         2,200 
Treasury currency outstanding (5)                            34,539     +      14     +   1,250        34,539 
                                                              
Total factors supplying reserve funds                       744,808     +   4,001     +  66,359       759,259 
                                                                          
Currency in circulation(5)                                  675,882     -     471     +  43,865       676,379 
Reverse repurchase agreements (6)                            18,567     +     415     +  18,567        18,523 
   Foreign official and international accounts               18,567     +     415     +  18,567        18,523 
   Dealers                                                        0             0             0             0 
Treasury cash holdings                                          368     -       1     -      49           360 
Deposits with F.R.Banks, other than reserve balances         17,638     +     883     +     975        17,636 
  U.S. Treasury, general account                              6,133     +     889     -     966         6,119 
  Foreign official                                              113     -      60     -      22           122 
  Service-related                                            11,167     +      40     +   1,961        11,167 
     Required clearing balances                              10,540     +       3     +   2,144        10,540 
     Adjustments to compensate for float                        627     +      37     -     183           627 
  Other                                                         225     +      15     +       2           228 
Other liabilities and capital                                19,916     +     178     +   2,322        19,549 
                                                              
Total factors, other than reserve balances,                                                       
   absorbing reserve funds                                  732,371     +   1,004     +  65,680       732,446 
                                                              
Reserve balances with Federal Reserve Banks                  12,437     +   2,998     +     679        26,813 
                                                                          
                                                              
Memo (off-balance-sheet items):                               
  Marketable securities held in custody for foreign           
         official and international accounts(2,7)           857,765     -   1,248      ------         859,073 
     U.S. Treasury                                          691,145     -   2,952      ------         691,275 
     Federal agency                                         166,620     +   1,704      ------         167,798 
  Securities lent to dealers                                    420     -     159     -   2,053           400 
Note: Components may not sum to totals because of rounding.
--- Not available.
 

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
Assets, liabilities, and capital Eliminations
from
consolidation
  Change Since
Wednesday
Jan 22, 2003
Wednesday
Jan 15, 2003
Wednesday
Jan 23, 2002
Assets                                               
Gold certificate account                                         11,039                 0         -       6 
Special drawing rights certificate account                        2,200                 0                 0 
Coin                                                              1,085         +      42         -      35 
Securities, repurchase agreements, and loans                    666,179         +   6,748         +  49,413 
   Securities held outright                                     629,416                 0         +  69,211 
      U.S. Treasury (1)                                         629,406                 0         +  69,211 
         Bills (2)                                              226,682                 0         +  39,528 
         Notes and bonds, nominal (2)                           389,219                 0         +  27,311 
         Notes and bonds, inflation-indexed (2)                    12,242                 0         +   2,056 
         Inflation compensation (3)                               1,263                 0         +     316 
      Federal agency (2)                                             10                 0                 0 
   Repurchase agreements (4)                                     36,750         +   6,750         -  19,750 
   Loans                                                             13         -       2         -      49 
Items in process of collection                    (1,116)        16,652         +   8,497         +   1,919 
Bank premises                                                     1,541         -       1         +      28 
Other assets (5)                                                 38,273         +     585         +   1,756 
      Total assets                                (1,116)       736,969         +  15,871         +  53,075 
                                                     
Liabilities                                          
Federal Reserve notes net of FR Bank holdings                  643,281         +     394         +  42,630 
Reverse repurchase agreements (6)                                18,523         +     710         +  18,523 
Deposits                                             (69)        44,098         +  11,450         -  10,713 
  Depository institutions                                        37,629         +  10,638         -   6,827 
  U.S. Treasury, general account                                  6,119         +     927         -   3,731 
  Foreign official                                                  122         -     131         -     162 
  Other                                              (69)           228         +      15         +       8 
Deferred availability cash items                  (1,047)        11,519         +   3,400         +     489 
Other liabilities and accrued dividends (7)                       2,213         -      22         -      96 
      Total liabilities                           (1,116)       719,634         +  15,932         +  50,833 
                                                     
Capital Accounts                                     
Capital paid in                                                   8,390         +       1         +     970 
Surplus                                                           8,380         -      98         +   1,108 
Other capital accounts                                              565         +      37         +     164 
      Total capital                                              17,335         -      60         +   2,241 
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 collatealized 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 Loans and Securities, January 22, 2003
Millions of dollars
Maturity Loans U.S. Treasury
securities (1)
Federal agency
securities
Repurchase
agreements(2)
Reverse
repurchase
agreements(2)
Holding Weekly
changes
Holdings Week
change
Within 15 days              13        50,618    +   6,987             0            0        32,750        18,523
16 days to 90 days           0       129,676    -   7,242             0            0         4,000             0
91 days to 1 year            0       143,215    +     256            10            0      ------       ------   
Over 1 to 5 years     ------         174,818            0             0            0      ------       ------   
Over 5 to 10 years    ------          51,240            0             0            0      ------       ------   
Over 10 years         ------          79,840            0             0            0      ------       ------   
           
All                         13       629,406            0            10            0        36,750       18,523 
 
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 classified by remaining maturity of the agreements.
 

 

 

4. Statement of Condition of Each Federal Reserve Bank on January 22, 2003
Millions of dollars
Assets, liabilities, and capital Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas
City
Dallas San
Francisco
Assets                                                             
Gold certificate account                      11,039         533       4,364         430         522         819         926       1,080         346         179         309         485       1,046 
Special drawing rights certificate acct.       2,200         115         874          83         104         147         166         212          71          30          66          98         234 
Coin                                           1,085          48          39          62          48         161         114         146          64          39          75         173         117 
Securities, repurchase agreements,                                 
      and loans                              666,179      36,062     284,402      24,203      34,728      49,090      44,817      74,073      22,382       9,842      18,609      13,969      54,002 
   Securities held outright                  629,416      36,062     247,651      24,203      34,728      49,090      44,817      74,070      22,381       9,839      18,606      13,969      54,001 
      U.S. Treasury (1)                      629,406      36,062     247,647      24,202      34,727      49,089      44,816      74,069      22,380       9,839      18,605      13,969      54,001 
         Bills (2)                           226,682      12,988      89,191       8,717      12,507      17,680      16,141      26,676       8,060       3,544       6,701       5,031      19,448 
         Notes and bonds(3)                  402,724      23,074     158,456      15,486      22,220      31,410      28,676      47,393      14,320       6,296      11,904       8,938      34,552 
         Federal agency (2)                       10           1           4           0           1           1           1           1           0           0           0           0           1 
      Repurchase agreements(4)                36,750           0      36,750           0           0           0           0           0           0           0           0           0           0 
      Loans                                       13           0           1           1           0           0           0           4           1           2           3           0           1 
Items in process of collection                17,768       1,217       1,371         640         963       1,637       2,150       1,731         893         960       1,119       1,177       3,911 
Bank premises                                  1,541          92         185          50         152         129         279         115          44         127          50         141         176 
Other assets(5)                               38,273       2,008      13,178       1,256       2,594       5,724       2,579       3,945       1,008         656         999         895       3,432 
Interdistrict settlement account                   0     -   648     +31,254     - 6,984     - 6,598     - 2,579     - 5,292     -17,044     - 3,990     + 3,623     - 2,911     +13,020     - 1,851 
          Total Assets                       738,085      39,427     335,666      19,741      32,512      55,128      45,740      64,259      20,819      15,456      18,316      29,957      61,066 
 
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 January 22, 2003
Millions of dollars
Assets, liabilities, and capital Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas
City
Dallas San
Francisco
Liabilities                                                         
Federal Reserve notes outstanding             758,979      32,856     331,278      25,266      32,390      54,135      58,378      63,649      21,833      15,004      20,485      36,482      67,222 
  Less: notes held by F.R. Banks              115,698       4,921      26,076       8,005       5,045       9,522      18,619       8,295       3,583       1,868       4,424       8,888      16,453 
    Federal Reserve notes, net                643,281      27,935     305,202      17,261      27,345      44,614      39,760      55,354      18,250      13,136      16,062      27,593      50,769 
Reverse repurchase agreements (1)              18,523       1,061       7,288         712       1,022       1,445       1,319       2,180         659         290         548         411       1,589 
Deposits                                       44,167       8,453      17,241         659       1,719       3,680       2,208       3,668         952         558         700         850       3,480 
  Depository institutions                      37,629       8,451      10,881         658       1,715       3,596       2,136       3,664         950         557         698         849       3,475 
  U.S. Treasury, general account                6,119           0       6,119           0           0           0           0           0           0           0           0           0           0 
  Foreign official                                122           2          98           1           3           7           2           3           1           1           1           1           3 
  Other                                           297           1         143           0           1          77          70           1           1           0           1           0           1 
Deferred availability cash items               12,566         930       1,441         520         860         942       1,283       1,046         439         707         497         631       3,270 
Other liabilities and accrued                                                 
  dividends (2)                                 2,213         141         678         101         122         241         178         232          98          79          86          85         172 
                                                                    
    Total liabilities                         720,750      38,520     331,850      19,254      31,067      50,922      44,748      62,480      20,398      14,768      17,893      29,570      59,279 
                                                                    
Capital                                                             
Capital paid in                                 8,390         437       1,809         234         707       2,073         475         859         200         340         201         186         868 
Surplus                                         8,380         436       1,809         233         702       2,073         475         858         199         340         201         186         868 
Other capital                                     565          33         198          20          35          60          42          62          22           8          21          14          51 
     Total liabilities and capital            738,085      39,427     335,666      19,741      32,512      55,128      45,740      64,259      20,819      15,456      18,316      29,957      61,066 
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
Jan 22, 2003
Federal Reserve notes, net of F.R.        
 Bank holdings                             643,281  
Collateral held against Federal Reserve             
   notes                                   643,281  
   Gold certificate account                 11,039  
   Special drawing rights                 
     certificate account                     2,200  
   U.S. Treasury and agency securities    
     pledged (1)                           630,042  
   Other eligible assets                         0  
                                          
Memo:                                     
Total U.S. Treasury and agency            
       securities (1)                      666,166  
   Less:face value of securities under    
         reverse repurchase agreements      18,528  
      U.S. Treasury and agency securitie  
             eligible to be pledged        647,638  
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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