Federal Reserve Statistical Release, H.4.1, Factors Affecting Reserve Balances; title with eagle logo links to Statistical Release home page
Release Date:  March 25, 2004
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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 25, 2004
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 24, 2004
Week ended
Mar 24, 2004
Change from week ended
Mar 17, 2004 Mar 26, 2003
                                                              
Reserve Bank Credit                                         731,279     -   5,713     +  32,298       732,458 
 Securities held outright                                   673,518     +     432     +  33,389       673,995 
    U.S. Treasury (1)                                       673,518     +     432     +  33,399       673,995 
       Bills (2)                                            246,469     +      61     +  14,577       246,469 
       Notes and bonds, nominal (2)                         410,917     +     354     +  16,296       411,388 
       Notes and bonds, inflation-indexed (2)                14,464             0     +   2,140        14,464 
       Inflation compensation (3)                             1,668     +      18     +     386         1,674 
    Federal agency (2)                                            0             0     -      10             0 
 Repurchase agreements(4)                                    18,786     -   6,393     -     500        19,750 
 Loans to depository institutions                                62     -      13     +      52            48 
    Primary credit                                               26     -      22     +      24             6 
    Secondary credit                                              0             0             0             0 
    Seasonal credit                                              36     +       9     +      28            42 
 Float                                                         -776     -      88     -   2,185        -1,179 
 Other Federal Reserve assets                               39,690    +     349    +   1,543       39,844 
Gold stock                                                   11,045             0     +       2        11,045 
Special drawing rights certificate account                    2,200             0             0         2,200 
Treasury currency outstanding (5)                            35,643     +      14     +     867        35,643 
                                                              
Total factors supplying reserve funds                       780,167     -   5,700     +  33,167       781,347 
                                                                          
Currency in circulation(5)                                  714,061     +     193     +  29,542       714,914 
Reverse repurchase agreements (6)                            19,239     +     144     +     919        19,987 
   Foreign official and international accounts               19,239     +     144     +     919        19,987 
   Dealers                                                        0             0             0             0 
Treasury cash holdings                                          339     +      16     -      55           347 
Deposits with F.R.Banks, other than reserve balances         16,258     -   1,041     -   1,525        15,282 
  U.S. Treasury, general account                              5,371     -     366     -     545         4,404 
  Foreign official                                               80     -       6     -     160            80 
  Service-related                                            10,551     -     578     -     861        10,551 
     Required clearing balances                              10,409     -     477     -     568        10,409 
     Adjustments to compensate for float                        142     -     101     -     293           142 
  Other                                                         256     -      91     +      41           247 
Other liabilities and capital                                20,964     +     428     +   1,552        20,707 
                                                              
Total factors, other than reserve balances,                                                       
   absorbing reserve funds                                  770,861     -     260     +  30,433       771,236 
                                                              
Reserve balances with Federal Reserve Banks                   9,306     -   5,440     +   2,735        10,111 
                                                                          
                                                              
Memo (off-balance-sheet items):                               
  Marketable securities held in custody for foreign           
         official and international accounts(2,7)         1,176,184     +   7,914     + 281,076     1,170,893 
     U.S. Treasury                                          936,651     +   3,517     + 221,081       932,809 
     Federal agency                                         239,533     +   4,397     +  59,995       238,084 
  Securities lent to dealers                                  1,741     -     998     -   1,017         1,667 
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
Assets, liabilities, and capital Eliminations
from
consolidation
  Change Since
Wednesday
Mar 24, 2004
Wednesday
Mar 17, 2004
Wednesday
Mar 26, 2003
Assets                                               
Gold certificate account                                         11,041                 0         +       2 
Special drawing rights certificate account                        2,200                 0                 0 
Coin                                                                834         -      12         -     247 
Securities, repurchase agreements, and loans                    693,793         -   8,457         +  27,385 
   Securities held outright                                     673,995         +     842         +  33,094 
      U.S. Treasury (1)                                         673,995         +     842         +  33,104 
         Bills (2)                                              246,469                 0         +  14,326 
         Notes and bonds, nominal (2)                           411,388         +     825         +  16,767 
         Notes and bonds, inflation-indexed (2)                    14,464                 0         +   1,650 
         Inflation compensation (3)                               1,674         +      17         +     362 
      Federal agency (2)                                              0                 0         -      10 
   Repurchase agreements (4)                                     19,750         -   9,000         -   5,750 
   Loans                                                             48         -     299         +      41 
Items in process of collection                      (961)         4,627         -   1,288         -   1,938 
Bank premises                                                     1,655         +       2         +      97 
Other assets (5)                                                 38,243         +     619         +   1,122 
      Total assets                                  (961)       752,393         -   9,136         +  26,422 
                                                     
Liabilities                                          
Federal Reserve notes net of FR Bank holdings                  680,447         -     563         +  27,517 
Reverse repurchase agreements (6)                                19,987         +   1,217         +   1,756 
Deposits                                              (0)        25,447         -   9,042         -   2,632 
  Depository institutions                                        20,716         -   6,919         -   1,099 
  U.S. Treasury, general account                                  4,404         -   2,011         -   1,523 
  Foreign official                                                   80         -      32         -      82 
  Other                                               (0)           247         -      79         +      72 
Deferred availability cash items                    (961)         5,805         -     878         -   1,325 
Other liabilities and accrued dividends (7)                       2,265         +      39         +      17 
      Total liabilities                             (961)       733,951         -   9,228         +  25,333 
                                                     
Capital Accounts                                     
Capital paid in                                                   8,964         -      33         +     471 
Surplus                                                           8,847         +      55         +     467 
Other capital accounts                                              631         +      71         +     151 
      Total capital                                              18,441         +      91         +   1,089 
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 Loans and Securities, March 24, 2004
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              42        50,976    +     595             0            0        19,750        19,987
16 days to 90 days           6       150,619    -     793             0            0             0             0
91 days to 1 year            0       161,315    +     197             0            0      ------       ------   
Over 1 to 5 years     ------         183,661    +     582             0            0      ------       ------   
Over 5 to 10 years    ------          49,998    +     254             0            0      ------       ------   
Over 10 years         ------          77,426    +       7             0            0      ------       ------   
           
All                         48       673,995    +     842             0            0        19,750       19,987 
 
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 24, 2004
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                      11,041         495       4,708         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                                             834          39          39          49          43          85          78         107          60          30          49         145         111 
Securities, repurchase agreements,                                 
      and loans                              693,793      32,592     308,107      21,076      31,582      51,832      45,534      68,123      21,214      15,053      18,115      26,414      54,152 
   Securities held outright                  673,995      32,585     288,357      21,072      31,582      51,832      45,532      68,107      21,205      15,045      18,113      26,414      54,152 
      U.S. Treasury (1)                      673,995      32,585     288,357      21,072      31,582      51,832      45,532      68,107      21,205      15,045      18,113      26,414      54,152 
         Bills (2)                           246,469      11,916     105,447       7,706      11,549      18,954      16,650      24,906       7,754       5,502       6,624       9,659      19,802 
         Notes and bonds(3)                  427,527      20,669     182,910      13,366      20,033      32,878      28,882      43,202      13,451       9,543      11,490      16,755      34,349 
         Federal agency (2)                        0           0           0           0           0           0           0           0           0           0           0           0           0 
      Repurchase agreements(4)                19,750           0      19,750           0           0           0           0           0           0           0           0           0           0 
      Loans                                       48           7           0           4           0           0           1          15           9           8           2           0           0 
Items in process of collection                 5,588         314         536         267         295         285         432         417         216         357         417         281       1,773 
Bank premises                                  1,655          96         189          52         151         144         278         127          49         125          74         189         180 
Other assets(5)                               38,243       1,754      13,681       1,177       2,396       5,985       2,183       3,614       1,020       1,135         801         883       3,615 
Interdistrict settlement account                   0     + 2,321     -13,329     + 1,410     - 4,035     -    42     + 2,086     - 9,192     - 1,102     -   647     +   376     + 8,508     +13,646 
          Total Assets                       753,354      37,724     314,804      24,493      31,013      59,245      51,620      64,391      21,859      16,306      20,201      37,025      74,674 
 
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 24, 2004
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             803,674      38,988     323,134      29,581      32,542      60,162      64,470      66,429      23,573      15,771      22,353      41,742      84,928 
  Less: notes held by F.R. Banks              123,226       5,058      32,444       8,320       5,306      11,035      17,538       8,674       3,682       1,495       4,282       7,045      18,349 
    Federal Reserve notes, net                680,447      33,930     290,690      21,261      27,237      49,128      46,933      57,755      19,890      14,277      18,071      34,697      66,578 
Reverse repurchase agreements (1)              19,987         966       8,551         625         937       1,537       1,350       2,020         629         446         537         783       1,606 
Deposits                                       25,447       1,270       9,749       1,403         838       3,756       1,381       1,993         570         432         790         838       2,427 
  Depository institutions                      20,716       1,264       5,123       1,402         834       3,681       1,379       1,989         565         431         789         837       2,423 
  U.S. Treasury, general account                4,404           0       4,404           0           0           0           0           0           0           0           0           0           0 
  Foreign official                                 80           2          57           1           2           7           2           3           1           1           1           0           4 
  Other                                           247           5         165           0           1          68           0           0           4           0           1           1           0 
Deferred availability cash items                6,766         505         672         549         383         428         769         510         196         449         391         343       1,571 
Other liabilities and accrued                                                 
  dividends (2)                                 2,265         131         715          93         120         246         183         222         104          77          86         112         176 
                                                                    
    Total liabilities                         734,913      36,803     310,377      23,930      29,515      55,095      50,615      62,500      21,389      15,681      19,876      36,773      72,358 
                                                                    
Capital                                                             
Capital paid in                                 8,964         449       2,105         273         739       2,056         484         908         231         265         151         119       1,183 
Surplus                                         8,847         448       2,031         259         727       2,074         489         924         228         346         162         111       1,048 
Other capital                                     631          24         291          31          32          19          32          58          11          15          12          22          84 
     Total liabilities and capital            753,354      37,724     314,804      24,493      31,013      59,245      51,620      64,391      21,859      16,306      20,201      37,025      74,674 
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 24, 2004
Federal Reserve notes outstanding          803,674  
   Less: Notes held by F.R. Banks         
         not subject to collateralization   123,226  
      Federal Reserve Notes to be         
         collateralized                    680,447  
Collateral held against Federal Reserve             
   notes                                   680,447  
   Gold certificate account                 11,041  
   Special drawing rights                 
     certificate account                     2,200  
   U.S. Treasury and agency securities    
     pledged (1)                           667,207  
   Other assets pledged                          0  
                                          
Memo:                                     
Total U.S. Treasury and agency            
       securities (1)                      693,745  
   Less:face value of securities under    
         reverse repurchase agreements      19,992  
      U.S. Treasury and agency securities  
             eligible to be pledged        673,753  
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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