Federal Reserve Statistical Release, H.4.1, Factors Affecting Reserve Balances; title with eagle logo links to Statistical Release home page
Release Date:  March 06, 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
March 6, 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
Mar 5, 2003
Week ended
Mar 5, 2003
Change from week ended
Feb 26, 2003 Mar 6, 2002
                                                              
Reserve Bank Credit                                         702,078     +   5,046     +  65,843       700,178 
 Securities held outright                                   636,873     +   1,941     +  68,353       637,149 
    U.S. Treasury (1)                                       636,863     +   1,941     +  68,353       637,139 
       Bills (2)                                            230,889     +     859     +  40,988       231,061 
       Notes and bonds, nominal (2)                         392,496     +   1,084     +  25,474       392,593 
       Notes and bonds, inflation-indexed (2)                12,242             0     +   1,584        12,242 
       Inflation compensation (3)                             1,236     -       2     +     308         1,242 
    Federal agency (2)                                           10             0             0            10 
 Repurchase agreements(4)                                    27,136     +   3,815     -   5,256        23,250 
 Loans to depository institutions                                29     +      16     +       3            11 
    Primary credit                                               24     +      14     +      24             1 
    Secondary credit                                              0             0             0             0 
    Seasonal credit                                               6     +       2     -       8            10 
    Adjustment credit                                             0             0     -      13             0 
 Float                                                         468    -     837    +     842        1,868 
 Other Federal Reserve assets                                37,573     +     113     +   1,902        37,901 
Gold stock                                                   11,043             0     -       1        11,043 
Special drawing rights certificate account                    2,200             0             0         2,200 
Treasury currency outstanding (5)                            34,723     +      14     +   1,174        34,723 
                                                              
Total factors supplying reserve funds                       750,044     +   5,059     +  67,016       748,144 
                                                                          
Currency in circulation(5)                                  682,400     +     113     +  43,857       683,692 
Reverse repurchase agreements (6)                            18,078     +     340     +  18,078        17,959 
   Foreign official and international accounts               18,078     +     340     +  18,078        17,959 
   Dealers                                                        0             0             0             0 
Treasury cash holdings                                          345     -       2     -      70           354 
Deposits with F.R.Banks, other than reserve balances         16,029     -     480     +   1,137        16,566 
  U.S. Treasury, general account                              4,909     -     340     -     564         5,501 
  Foreign official                                              186     +      75     +      62           105 
  Service-related                                            10,721     -     183     +   1,673        10,721 
     Required clearing balances                              10,336             0     +   1,463        10,336 
     Adjustments to compensate for float                        385     -     182     +     209           385 
  Other                                                         212     -      33     -      36           238 
Other liabilities and capital                                19,805     -     159     +   1,798        19,693 
                                                              
Total factors, other than reserve balances,                                                       
   absorbing reserve funds                                  736,656     -     190     +  64,800       738,263 
                                                              
Reserve balances with Federal Reserve Banks                  13,388     +   5,249     +   2,217         9,882 
                                                                          
                                                              
Memo (off-balance-sheet items):                               
  Marketable securities held in custody for foreign           
         official and international accounts(2,7)           890,678     +   9,294      ------         896,617 
     U.S. Treasury                                          712,354     +   7,639      ------         717,786 
     Federal agency                                         178,324     +   1,654      ------         178,831 
  Securities lent to dealers                                    479     +     153     -     250           120 
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
Mar 5, 2003
Wednesday
Feb 26, 2003
Wednesday
Mar 6, 2002
Assets                                               
Gold certificate account                                         11,039                 0         -       5 
Special drawing rights certificate account                        2,200                 0                 0 
Coin                                                              1,080         -      20         -      31 
Securities, repurchase agreements, and loans                    660,409         -   1,352         +  55,031 
   Securities held outright                                     637,149         +   1,143         +  67,048 
      U.S. Treasury (1)                                         637,139         +   1,143         +  67,048 
         Bills (2)                                              231,061         +     455         +  40,090 
         Notes and bonds, nominal (2)                           392,593         +     680         +  25,063 
         Notes and bonds, inflation-indexed (2)                    12,242                 0         +   1,584 
         Inflation compensation (3)                               1,242         +       7         +     311 
      Federal agency (2)                                             10                 0                 0 
   Repurchase agreements (4)                                     23,250         -   2,500         -  11,999 
   Loans                                                             11         +       5         -      17 
Items in process of collection                    (1,143)        10,984         +   1,787         +   2,358 
Bank premises                                                     1,555         -       2         +      46 
Other assets (5)                                                 36,380         +     250         +   1,769 
      Total assets                                (1,143)       723,648         +     664         +  59,168 
                                                     
Liabilities                                          
Federal Reserve notes net of FR Bank holdings                  650,398         +     728         +  42,037 
Reverse repurchase agreements (6)                                17,959         +     538         +  17,959 
Deposits                                              (0)        26,825         -   2,073         -   2,737 
  Depository institutions                                        20,980         -   2,576         -   2,857 
  U.S. Treasury, general account                                  5,501         +     551         +      91 
  Foreign official                                                  105         -      49         +      30 
  Other                                               (0)           238                 0         -       3 
Deferred availability cash items                  (1,143)         8,773         +   1,477         +     468 
Other liabilities and accrued dividends (7)                       2,250         -      26         -     123 
      Total liabilities                           (1,143)       706,205         +     644         +  57,604 
                                                     
Capital Accounts                                     
Capital paid in                                                   8,478         +      38         +     842 
Surplus                                                           8,380                 0         +   1,107 
Other capital accounts                                              584         -      19         -     386 
      Total capital                                              17,442         +      19         +   1,563 
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, March 5, 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               1        35,519    -   9,556             0            0        20,250        17,959
16 days to 90 days          10       140,723    +   7,024             0            0         3,000             0
91 days to 1 year            0       149,160    +   2,408            10            0      ------       ------   
Over 1 to 5 years     ------         180,176    +   1,194             0            0      ------       ------   
Over 5 to 10 years    ------          51,730    +      71             0            0      ------       ------   
Over 10 years         ------          79,831    +       3             0            0      ------       ------   
           
All                         11       637,139    +   1,143            10            0        23,250       17,959 
 
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 March 5, 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                                           1,080          51          38          71          48         151         108         142          60          41          72         173         126 
Securities, repurchase agreements,                                 
      and loans                              660,409      36,505     273,943      24,500      35,155      49,693      45,368      74,984      22,656       9,966      18,834      14,141      54,666 
   Securities held outright                  637,149      36,505     250,693      24,500      35,155      49,693      45,368      74,980      22,656       9,960      18,834      14,141      54,665 
      U.S. Treasury (1)                      637,139      36,505     250,689      24,500      35,154      49,692      45,367      74,979      22,655       9,960      18,834      14,140      54,664 
         Bills (2)                           231,061      13,239      90,914       8,885      12,749      18,021      16,452      27,191       8,216       3,612       6,830       5,128      19,824 
         Notes and bonds(3)                  406,078      23,266     159,776      15,615      22,405      31,671      28,914      47,787      14,439       6,348      12,004       9,012      34,840 
         Federal agency (2)                       10           1           4           0           1           1           1           1           0           0           0           0           1 
      Repurchase agreements(4)                23,250           0      23,250           0           0           0           0           0           0           0           0           0           0 
      Loans                                       11           0           0           0           0           0           0           4           0           5           0           0           1 
Items in process of collection                12,127         680         718         698         799         783       1,262       1,314         576         617         827         547       3,306 
Bank premises                                  1,555          91         186          50         152         143         278         116          44         127          50         142         175 
Other assets(5)                               36,380       1,921      12,569       1,109       2,382       5,754       2,163       3,610         998         983         909         799       3,185 
Interdistrict settlement account                   0     - 8,398     +40,024     - 7,321     - 7,107     - 3,399     - 4,977     -19,558     - 4,256     + 3,705     - 1,459     +13,925     - 1,178 
          Total Assets                       724,791      31,498     332,715      19,620      32,055      54,091      45,294      61,900      20,495      15,647      19,608      30,310      61,560 
 
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 March 5, 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             763,522      32,580     336,007      24,971      32,033      53,766      58,797      63,065      21,862      15,122      21,395      35,836      68,089 
  Less: notes held by F.R. Banks              113,124       4,894      27,935       7,703       4,628       8,756      18,937       7,990       3,489       1,680       4,260       7,658      15,194 
    Federal Reserve notes, net                650,398      27,686     308,072      17,268      27,404      45,010      39,860      55,075      18,373      13,443      17,135      28,178      52,895 
Reverse repurchase agreements (1)              17,959       1,029       7,066         691         991       1,401       1,279       2,113         639         281         531         399       1,541 
Deposits                                       26,825       1,006      11,978         567       1,511       2,526       2,039       1,968         665         508         862         723       2,472 
  Depository institutions                      20,980       1,001       6,235         566       1,508       2,451       2,037       1,964         662         507         860         721       2,468 
  U.S. Treasury, general account                5,501           0       5,501           0           0           0           0           0           0           0           0           0           0 
  Foreign official                                105           2          82           1           3           7           2           3           1           1           1           1           3 
  Other                                           238           4         160           0           0          68           0           0           2           0           1           1           0 
Deferred availability cash items                9,916         738       1,014         493         587         671         952         724         301         640         569         540       2,689 
Other liabilities and accrued                                                 
  dividends (2)                                 2,250         137         681         101         129         250         184         235         100          78          91          87         178 
                                                                    
    Total liabilities                         707,348      30,597     328,811      19,119      30,622      49,857      44,313      60,115      20,078      14,949      19,187      29,926      59,774 
                                                                    
Capital                                                             
Capital paid in                                 8,478         437       1,854         250         699       2,092         475         862         200         343         204         188         873 
Surplus                                         8,380         436       1,809         233         702       2,073         475         858         199         340         201         186         868 
Other capital                                     584          27         241          18          31          68          32          65          18          15          16          10          44 
     Total liabilities and capital            724,791      31,498     332,715      19,620      32,055      54,091      45,294      61,900      20,495      15,647      19,608      30,310      61,560 
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
Mar 5, 2003
Federal Reserve notes, net of F.R.        
 Bank holdings                             650,398  
Collateral held against Federal Reserve             
   notes                                   650,398  
   Gold certificate account                 11,039  
   Special drawing rights                 
     certificate account                     2,200  
   U.S. Treasury and agency securities    
     pledged (1)                           637,159  
   Other eligible assets                         0  
                                          
Memo:                                     
Total U.S. Treasury and agency            
       securities (1)                      660,399  
   Less:face value of securities under    
         reverse repurchase agreements      17,965  
      U.S. Treasury and agency securitie  
             eligible to be pledged        642,433  
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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