Federal Reserve Statistical Release, H.4.1, Factors Affecting Reserve Balances; title with eagle logo links to Statistical Release home page
Release Date:  July 24, 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
July 24, 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
Jul 23, 2003
Week ended
Jul 23, 2003
Change from week ended
Jul 16, 2003 Jul 24, 2002
                                                              
Reserve Bank Credit                                         716,729     +   1,237     +  58,066       724,788 
 Securities held outright                                   652,764     +     226     +  55,138       652,837 
    U.S. Treasury (1)                                       652,754     +     226     +  55,138       652,827 
       Bills (2)                                            239,616     +     231     +  38,836       239,692 
       Notes and bonds, nominal (2)                         398,853             0     +  14,918       398,853 
       Notes and bonds, inflation-indexed (2)                12,814             0     +   1,026        12,814 
       Inflation compensation (3)                             1,470     -       5     +     358         1,468 
    Federal agency (2)                                           10             0             0            10 
 Repurchase agreements(4)                                    24,250     +   1,357     +   3,143        32,000 
 Loans to depository institutions                               119     +       5     -      79           118 
    Primary credit                                                4     -       2     +       4             1 
    Secondary credit                                              0     -       1             0             0 
    Seasonal credit                                             115     +       8     -      68           118 
    Adjustment credit                                             0             0     -      15             0 
 Float                                                          52    -     410    +     459          -23 
 Other Federal Reserve assets                                39,545     +      59     -     593        39,855 
Gold stock                                                   11,044             0             0        11,044 
Special drawing rights certificate account                    2,200             0             0         2,200 
Treasury currency outstanding (5)                            35,022     +      14     +   1,026        35,022 
                                                              
Total factors supplying reserve funds                       764,995     +   1,251     +  59,093       773,053 
                                                                          
Currency in circulation(5)                                  692,628     -   1,809     +  32,943       693,541 
Reverse repurchase agreements (6)                            19,677     -     390     +  19,677        19,672 
   Foreign official and international accounts               19,677     -     390     +  19,677        19,672 
   Dealers                                                        0             0             0             0 
Treasury cash holdings                                          330     +       3     -      48           339 
Deposits with F.R.Banks, other than reserve balances         18,096     +     141     +   2,252        18,014 
  U.S. Treasury, general account                              6,067     -     412     +     756         6,058 
  Foreign official                                              124     +      15     +      47           134 
  Service-related                                            11,399     +     340     +   1,162        11,399 
     Required clearing balances                              10,862     +       2     +     956        10,862 
     Adjustments to compensate for float                        538     +     339     +     207           538 
  Other                                                         506     +     199     +     288           423 
Other liabilities and capital                                20,000     +     122     +     235        20,085 
                                                              
Total factors, other than reserve balances,                                                       
   absorbing reserve funds                                  750,732     -   1,932     +  55,061       751,650 
                                                              
Reserve balances with Federal Reserve Banks                  14,262     +   3,182     +   4,032        21,403 
                                                                          
                                                              
Memo (off-balance-sheet items):                               
  Marketable securities held in custody for foreign           
         official and international accounts(2,7)           936,993     -   4,460      ------         931,836 
     U.S. Treasury                                          753,744     -   3,875      ------         749,564 
     Federal agency                                         183,249     -     585      ------         182,272 
  Securities lent to dealers                                  1,301     +     433     -     776         1,688 
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
Jul 23, 2003
Wednesday
Jul 16, 2003
Wednesday
Jul 24, 2002
Assets                                               
Gold certificate account                                         11,039                 0                 0 
Special drawing rights certificate account                        2,200                 0                 0 
Coin                                                                872                 0         -      50 
Securities, repurchase agreements, and loans                    684,956         +   8,134         +  57,397 
   Securities held outright                                     652,837         +     137         +  52,317 
      U.S. Treasury (1)                                         652,827         +     137         +  52,317 
         Bills (2)                                              239,692         +     142         +  36,668 
         Notes and bonds, nominal (2)                           398,853                 0         +  14,760 
         Notes and bonds, inflation-indexed (2)                    12,814                 0         +     572 
         Inflation compensation (3)                               1,468         -       5         +     317 
      Federal agency (2)                                             10                 0                 0 
   Repurchase agreements (4)                                     32,000         +   8,000         +   5,250 
   Loans                                                            118         -       3         -     170 
Items in process of collection                    (1,228)         7,680         -     854         +     789 
Bank premises                                                     1,588         +       3         +      66 
Other assets (5)                                                 38,216         +     609         -     503 
      Total assets                                (1,228)       746,550         +   7,892         +  57,698 
                                                     
Liabilities                                          
Federal Reserve notes net of FR Bank holdings                  659,725         -   1,126         +  31,791 
Reverse repurchase agreements (6)                                19,672         -     674         +  19,672 
Deposits                                              (0)        39,452         +   9,852         +   4,713 
  Depository institutions                                        32,837         +   9,408         +   3,488 
  U.S. Treasury, general account                                  6,058         +     334         +     973 
  Foreign official                                                  134         +       6         +      56 
  Other                                               (0)           423         +     105         +     196 
Deferred availability cash items                  (1,228)         7,617         -     594         +     665 
Other liabilities and accrued dividends (7)                       2,138         +      58         -     253 
      Total liabilities                           (1,228)       728,603         +   7,514         +  56,586 
                                                     
Capital Accounts                                     
Capital paid in                                                   8,714         +      52         +     449 
Surplus                                                           8,380         +       2         +   1,068 
Other capital accounts                                              852         +     323         -     406 
      Total capital                                              17,947         +     378         +   1,113 
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, July 23, 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             102        46,160    +      39             0            0        29,000        19,672
16 days to 90 days          16       140,922    -     677             0            0         3,000             0
91 days to 1 year            0       159,773    +     780            10            0      ------       ------   
Over 1 to 5 years     ------         179,350    -       2             0            0      ------       ------   
Over 5 to 10 years    ------          46,656    -       1             0            0      ------       ------   
Over 10 years         ------          79,967    -       2             0            0      ------       ------   
           
All                        118       652,827    +     137            10            0        32,000       19,672 
 
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 July 23, 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         495       4,706         380         477         808         863         982         331         224         303         507         963 
Special drawing rights certificate acct.       2,200         115         874          83         104         147         166         212          71          30          66          98         234 
Coin                                             872          37          30          47          37         108         113         107          53          33          60         148          97 
Securities, repurchase agreements,                                 
      and loans                              684,956      31,562     311,305      20,410      30,590      50,205      44,115      65,994      20,547      14,623      17,560      25,587      52,456 
   Securities held outright                  652,837      31,562     279,305      20,410      30,590      50,205      44,103      65,969      20,539      14,572      17,545      25,584      52,452 
      U.S. Treasury (1)                      652,827      31,561     279,301      20,410      30,590      50,204      44,102      65,968      20,539      14,572      17,544      25,584      52,451 
         Bills (2)                           239,692      11,588     102,548       7,494      11,231      18,433      16,193      24,221       7,541       5,350       6,442       9,393      19,258 
         Notes and bonds(3)                  413,136      19,973     176,753      12,916      19,359      31,771      27,910      41,747      12,998       9,222      11,103      16,191      33,193 
         Federal agency (2)                       10           0           4           0           0           1           1           1           0           0           0           0           1 
      Repurchase agreements(4)                32,000           0      32,000           0           0           0           0           0           0           0           0           0           0 
      Loans                                      118           0           0           0           0           0          12          25           8          50          16           3           4 
Items in process of collection                 8,907         545         618         583         501         593         915         381         394         443         590         551       2,793 
Bank premises                                  1,588          91         186          52         151         143         279         118          43         126          54         168         176 
Other assets(5)                               38,216       1,765      13,832       1,125       2,361       5,962       2,224       3,553         988       1,132         915       1,099       3,260 
Interdistrict settlement account                   0     -   160     + 6,767     - 3,046     - 1,663     -   508     -   155     - 6,059     -   572     -   411     -   212     + 2,875     + 3,142 
          Total Assets                       747,777      34,450     338,318      19,636      32,560      57,458      48,520      65,287      21,854      16,200      19,337      31,034      63,122 
 
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 July 23, 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             772,010      31,659     332,006      24,854      30,927      58,199      63,583      65,712      23,511      15,075      21,371      35,224      69,890 
  Less: notes held by F.R. Banks              112,285       5,035      23,297       7,828       4,813       9,814      20,775       8,538       4,269       1,363       4,588       6,995      14,969 
    Federal Reserve notes, net                659,725      26,624     308,709      17,025      26,114      48,385      42,808      57,174      19,242      13,712      16,783      28,229      54,921 
Reverse repurchase agreements (1)              19,672         951       8,416         615         922       1,513       1,329       1,988         619         439         529         771       1,581 
Deposits                                       39,452       5,213      15,597         831       3,463       2,517       2,306       3,317       1,164         773         994         963       2,314 
  Depository institutions                      32,837       5,211       9,139         829       3,459       2,383       2,304       3,313       1,162         772         992         962       2,310 
  U.S. Treasury, general account                6,058           0       6,058           0           0           0           0           0           0           0           0           0           0 
  Foreign official                                134           2         110           1           3           7           2           3           1           1           1           1           3 
  Other                                           423           0         290           0           1         127           0           1           1           0           1           0           0 
Deferred availability cash items                8,844         619         862         556         504         573         912         719         267         480         540         580       2,233 
Other liabilities and accrued                                                 
  dividends (2)                                 2,138         124         670          89         112         231         175         209          94          85          85         105         159 
                                                                    
    Total liabilities                         729,831      33,532     334,254      19,116      31,115      53,219      47,530      63,406      21,385      15,489      18,930      30,649      61,207 
                                                                    
Capital                                                             
Capital paid in                                 8,714         446       1,951         252         706       2,090         477         912         228         348         192         182         931 
Surplus                                         8,380         436       1,809         233         702       2,073         475         858         199         340         201         186         868 
Other capital                                     852          36         304          35          37          76          38         112          42          23          15          17         116 
     Total liabilities and capital            747,777      34,450     338,318      19,636      32,560      57,458      48,520      65,287      21,854      16,200      19,337      31,034      63,122 
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
Jul 23, 2003
Federal Reserve notes outstanding          772,010  
   Less: Notes held by F.R. Banks         
         not subject to collateralization   107,559  
      Federal Reserve Notes to be         
         collateralized                    664,451  
Collateral held against Federal Reserve             
   notes                                   664,451  
   Gold certificate account                 11,039  
   Special drawing rights                 
     certificate account                     2,200  
   U.S. Treasury and agency securities    
     pledged (1)                           651,211  
   Other eligible assets                         0  
                                          
Memo:                                     
Total U.S. Treasury and agency            
       securities (1)                      684,837  
   Less:face value of securities under    
         reverse repurchase agreements      19,677  
      U.S. Treasury and agency securities  
             eligible to be pledged        665,161  
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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