Federal Reserve Statistical Release, H.4.1, Factors Affecting Reserve Balances; title with eagle logo links to Statistical Release home page
Release Date:  April 01, 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
April 1, 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 31, 2004
Week ended
Mar 31, 2004
Change from week ended
Mar 24, 2004 Apr 2, 2003
                                                              
Reserve Bank Credit                                         737,739     +   6,461     +  29,906       741,176 
 Securities held outright                                   674,037     +     519     +  32,726       674,084 
    U.S. Treasury (1)                                       674,037     +     519     +  32,736       674,084 
       Bills (2)                                            246,499     +      30     +  13,955       246,539 
       Notes and bonds, nominal (2)                         411,388     +     471     +  16,767       411,388 
       Notes and bonds, inflation-indexed (2)                14,464             0     +   1,650        14,464 
       Inflation compensation (3)                             1,686     +      18     +     364         1,692 
    Federal agency (2)                                            0             0     -      10             0 
 Repurchase agreements(4)                                    24,357     +   5,571     -   4,107        27,500 
 Loans to depository institutions                                48     -      14     +      37            64 
    Primary credit                                               11     -      15     +       7            31 
    Secondary credit                                              0             0             0             0 
    Seasonal credit                                              36             0     +      29            33 
 Float                                                         -722     +      55     -     127          -586 
 Other Federal Reserve assets                               40,019    +     329    +   1,377       40,114 
Gold stock                                                   11,045             0     +       2        11,045 
Special drawing rights certificate account                    2,200             0             0         2,200 
Treasury currency outstanding (5)                            35,657     +      14     +     859        35,657 
                                                              
Total factors supplying reserve funds                       786,641     +   6,475     +  30,767       790,078 
                                                                          
Currency in circulation(5)                                  714,287     +     226     +  28,403       716,052 
Reverse repurchase agreements (6)                            20,458     +   1,219     +   1,167        21,701 
   Foreign official and international accounts               20,458     +   1,219     +   1,167        21,701 
   Dealers                                                        0             0             0             0 
Treasury cash holdings                                          347     +       8     -      23           347 
Deposits with F.R.Banks, other than reserve balances         15,983     -     275     -   1,282        16,611 
  U.S. Treasury, general account                              5,246     -     125     -     408         5,884 
  Foreign official                                               84     +       4     -      39            83 
  Service-related                                            10,413     -     138     -     850        10,413 
     Required clearing balances                              10,410     +       1     -     568        10,410 
     Adjustments to compensate for float                          3     -     139     -     282             3 
  Other                                                         241     -      15     +      16           231 
Other liabilities and capital                                20,903     -      61     +     940        20,880 
                                                              
Total factors, other than reserve balances,                                                       
   absorbing reserve funds                                  771,979     +   1,118     +  29,206       775,591 
                                                              
Reserve balances with Federal Reserve Banks                  14,662     +   5,357     +   1,562        14,487 
                                                                          
                                                              
Memo (off-balance-sheet items):                               
  Marketable securities held in custody for foreign           
         official and international accounts(2,7)         1,159,313     -  16,871     + 262,251     1,164,658 
     U.S. Treasury                                          925,386     -  11,265     + 207,800       934,269 
     Federal agency                                         233,927     -   5,606     +  54,451       230,388 
  Securities lent to dealers                                    895     -     846     -     972         1,939 
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 31, 2004
Wednesday
Mar 24, 2004
Wednesday
Apr 2, 2003
Assets                                               
Gold certificate account                                         11,041                 0         +       3 
Special drawing rights certificate account                        2,200                 0                 0 
Coin                                                                836         +       2         -     256 
Securities, repurchase agreements, and loans                    701,648         +   7,855         +  29,650 
   Securities held outright                                     674,084         +      89         +  32,602 
      U.S. Treasury (1)                                         674,084         +      89         +  32,612 
         Bills (2)                                              246,539         +      70         +  13,831 
         Notes and bonds, nominal (2)                           411,388                 0         +  16,767 
         Notes and bonds, inflation-indexed (2)                    14,464                 0         +   1,650 
         Inflation compensation (3)                               1,692         +      18         +     363 
      Federal agency (2)                                              0                 0         -      10 
   Repurchase agreements (4)                                     27,500         +   7,750         -   3,000 
   Loans                                                             64         +      16         +      49 
Items in process of collection                    (1,017)         5,713         +   1,086         -   2,663 
Bank premises                                                     1,663         +       8         +     106 
Other assets (5)                                                 38,506         +     263         +   1,360 
      Total assets                                (1,017)       761,606         +   9,213         +  28,199 
                                                     
Liabilities                                          
Federal Reserve notes net of FR Bank holdings                  681,574         +   1,127         +  27,214 
Reverse repurchase agreements (6)                                21,701         +   1,714         +   1,972 
Deposits                                              (0)        31,153         +   5,706         +     570 
  Depository institutions                                        24,955         +   4,239         +     951 
  U.S. Treasury, general account                                  5,884         +   1,480         -     315 
  Foreign official                                                   83         +       3         -      20 
  Other                                               (0)           231         -      16         -      46 
Deferred availability cash items                  (1,017)         6,298         +     493         -   2,716 
Other liabilities and accrued dividends (7)                       2,218         -      47                 0 
      Total liabilities                           (1,017)       742,945         +   8,994         +  27,041 
                                                     
Capital Accounts                                     
Capital paid in                                                   8,978         +      14         +     464 
Surplus                                                           8,847                 0         +     467 
Other capital accounts                                              836         +     205         +     227 
      Total capital                                              18,661         +     220         +   1,158 
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 31, 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              60        43,703    -   7,273             0            0        27,500        21,701
16 days to 90 days           5       149,360    -   1,259             0            0             0             0
91 days to 1 year            0       169,796    +   8,481             0            0      ------       ------   
Over 1 to 5 years     ------         183,791    +     130             0            0      ------       ------   
Over 5 to 10 years    ------          50,002    +       4             0            0      ------       ------   
Over 10 years         ------          77,432    +       6             0            0      ------       ------   
           
All                         64       674,084    +      89             0            0        27,500       21,701 
 
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 31, 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                                             836          39          39          50          42          80          81         109          64          30          48         145         109 
Securities, repurchase agreements,                                 
      and loans                              701,648      32,591     315,895      21,075      31,586      51,839      45,539      68,129      21,215      15,057      18,117      26,417      54,189 
   Securities held outright                  674,084      32,589     288,395      21,075      31,586      51,839      45,538      68,116      21,208      15,047      18,116      26,417      54,159 
      U.S. Treasury (1)                      674,084      32,589     288,395      21,075      31,586      51,839      45,538      68,116      21,208      15,047      18,116      26,417      54,159 
         Bills (2)                           246,539      11,919     105,477       7,708      11,552      18,960      16,655      24,913       7,756       5,503       6,626       9,662      19,808 
         Notes and bonds(3)                  427,544      20,670     182,917      13,367      20,034      32,879      28,883      43,204      13,451       9,543      11,490      16,755      34,351 
         Federal agency (2)                        0           0           0           0           0           0           0           0           0           0           0           0           0 
      Repurchase agreements(4)                27,500           0      27,500           0           0           0           0           0           0           0           0           0           0 
      Loans                                       64           2           0           0           0           0           1          12           7          10           2           0          30 
Items in process of collection                 6,730         338         487         380         606         366         683         400         271         346         422         299       2,133 
Bank premises                                  1,663          95         189          52         152         145         278         128          49         124          74         198         180 
Other assets(5)                               38,506       1,767      13,741       1,182       2,419       6,052       2,201       3,638       1,027       1,145         804         887       3,643 
Interdistrict settlement account                   0     + 2,673     -15,556     +   548     - 3,241     -   857     + 2,581     - 8,575     -   967     -   590     +   482     + 8,634     +14,867 
          Total Assets                       762,624      38,114     320,376      23,750      32,144      58,579      52,392      65,023      22,060      16,365      20,316      37,185      76,318 
 
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 31, 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             803,473      38,954     323,122      29,559      32,475      60,050      64,318      66,329      23,549      15,760      22,310      41,661      85,385 
  Less: notes held by F.R. Banks              121,900       4,973      32,610       8,365       5,161      10,626      17,555       8,478       3,558       1,433       4,189       6,973      17,980 
    Federal Reserve notes, net                681,574      33,982     290,512      21,194      27,314      49,424      46,763      57,851      19,992      14,327      18,121      34,688      67,405 
Reverse repurchase agreements (1)              21,701       1,049       9,285         678       1,017       1,669       1,466       2,193         683         484         583         850       1,744 
Deposits                                       31,153       1,434      14,683         790       1,644       2,518       2,074       2,359         616         450         813         894       2,878 
  Depository institutions                      24,955       1,429       8,571         789       1,631       2,457       2,073       2,356         622         449         811         893       2,874 
  U.S. Treasury, general account                5,884           0       5,884           0           0           0           0           0           0           0           0           0           0 
  Foreign official                                 83           2          60           1           2           7           2           3           1           1           1           0           4 
  Other                                           231           3         168           0          10          54           0           0          -7           0           1           1           0 
Deferred availability cash items                7,316         579         757         433         535         506         895         506         188         401         390         379       1,746 
Other liabilities and accrued                                                 
  dividends (2)                                 2,218         124         689          90         120         246         181         216         103          77          84         119         170 
                                                                    
    Total liabilities                         743,963      37,168     315,926      23,185      30,630      54,364      51,380      63,125      21,581      15,740      19,991      36,930      73,943 
                                                                    
Capital                                                             
Capital paid in                                 8,978         462       2,105         274         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                                     836          36         315          32          48          86          39          65          19          15          12          26         143 
     Total liabilities and capital            762,624      38,114     320,376      23,750      32,144      58,579      52,392      65,023      22,060      16,365      20,316      37,185      76,318 
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 31, 2004
Federal Reserve notes outstanding          803,473  
   Less: Notes held by F.R. Banks         
         not subject to collateralization   121,900  
      Federal Reserve Notes to be         
         collateralized                    681,574  
Collateral held against Federal Reserve             
   notes                                   681,574  
   Gold certificate account                 11,041  
   Special drawing rights                 
     certificate account                     2,200  
   U.S. Treasury and agency securities    
     pledged (1)                           668,333  
   Other assets pledged                          0  
                                          
Memo:                                     
Total U.S. Treasury and agency            
       securities (1)                      701,584  
   Less:face value of securities under    
         reverse repurchase agreements      21,707  
      U.S. Treasury and agency securities  
             eligible to be pledged        679,876  
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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