Federal Reserve Statistical Release, H.4.1, Factors Affecting Reserve Balances; title with eagle logo links to Statistical Release home page
Release Date:  August 05, 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
August 5, 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
Aug 4, 2004
Week ended
Aug 4, 2004
Change from week ended
Jul 28, 2004 Aug 6, 2003
                                                              
Reserve Bank Credit                                         757,633     +   5,403     +  41,657       752,669 
 Securities held outright                                   693,728     +     218     +  40,732       693,734 
    U.S. Treasury (1)                                       693,728     +     218     +  40,742       693,734 
       Bills (2)                                            255,248             0     +  15,393       255,248 
       Notes and bonds, nominal (2)                         421,546     +     200     +  22,693       421,546 
       Notes and bonds, inflation-indexed (2)                14,862             0     +   2,048        14,862 
       Inflation compensation (3)                             2,072     +      19     +     608         2,078 
    Federal agency (2)                                            0             0     -      10             0 
 Repurchase agreements(4)                                    22,929     +   4,322     +     429        17,000 
 Loans to depository institutions                               265     +       2     +     111           321 
    Primary credit                                               31     -       6     +      10            95 
    Secondary credit                                              0             0             0             0 
    Seasonal credit                                             234     +       8     +     101           225 
 Float                                                          237     +     750     -     233         1,112 
 Other Federal Reserve assets                               40,475    +     112    +     619       40,502 
Gold stock                                                   11,044     -       1     +       1        11,044 
Special drawing rights certificate account                    2,200             0             0         2,200 
Treasury currency outstanding (5)                            36,050     +      14     +     905        36,050 
                                                              
Total factors supplying reserve funds                       806,927     +   5,417     +  42,563       801,963 
                                                                          
Currency in circulation(5)                                  733,915     +     921     +  39,611       735,910 
Reverse repurchase agreements (6)                            20,588     +     629     +   1,642        20,576 
   Foreign official and international accounts               20,588     +     629     +   1,642        20,576 
   Dealers                                                        0             0             0             0 
Treasury cash holdings                                          283     -       6     -      82           287 
Deposits with F.R.Banks, other than reserve balances         14,909     -     227     -   2,489        15,282 
  U.S. Treasury, general account                              4,701     -     255     -     938         5,081 
  Foreign official                                               98     +      21     -      79            83 
  Service-related                                             9,801     -       1     -   1,486         9,801 
     Required clearing balances                               9,801     -       1     -   1,096         9,801 
     Adjustments to compensate for float                          0             0     -     390             0 
  Other                                                         309     +       9     +      15           317 
Other liabilities and capital                                21,345     +      19     +   1,495        21,359 
                                                              
Total factors, other than reserve balances,                                                       
   absorbing reserve funds                                  791,040     +   1,335     +  40,177       793,413 
                                                              
Reserve balances with Federal Reserve Banks                  15,887     +   4,082     +   2,386         8,550 
                                                                          
                                                              
Memo (off-balance-sheet items):                               
  Marketable securities held in custody for foreign           
         official and international accounts(2,7)         1,247,923     +   8,497     + 311,345     1,255,000 
     U.S. Treasury                                        1,013,332     +   8,261     + 260,732     1,017,542 
     Federal agency                                         234,590     +     234     +  50,612       237,458 
  Securities lent to dealers                                    380     -     683     -   2,385           312 
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
Aug 4, 2004
Wednesday
Jul 28, 2004
Wednesday
Aug 6, 2003
Assets                                               
Gold certificate account                                         11,040                 0         +       1 
Special drawing rights certificate account                        2,200                 0                 0 
Coin                                                                740         +       5         -     130 
Securities, repurchase agreements, and loans                    711,055         -   4,594         +  39,628 
   Securities held outright                                     693,734         +      17         +  40,700 
      U.S. Treasury (1)                                         693,734         +      17         +  40,710 
         Bills (2)                                              255,248                 0         +  15,356 
         Notes and bonds, nominal (2)                           421,546                 0         +  22,693 
         Notes and bonds, inflation-indexed (2)                    14,862                 0         +   2,048 
         Inflation compensation (3)                               2,078         +      17         +     613 
      Federal agency (2)                                              0                 0         -      10 
   Repurchase agreements (4)                                     17,000         -   4,500         -   1,250 
   Loans                                                            321         -     111         +     178 
Items in process of collection                      (722)         7,611         +   2,628         -   1,726 
Bank premises                                                     1,709         +       2         +     123 
Other assets (5)                                                 38,864         +     153         +     433 
      Total assets                                  (722)       773,219         -   1,807         +  38,328 
                                                     
Liabilities                                          
Federal Reserve notes net of FR Bank holdings                  700,882         +   1,570         +  38,656 
Reverse repurchase agreements (6)                                20,576         +   1,213         +   1,514 
Deposits                                              (0)        23,903         -   5,566         -   1,285 
  Depository institutions                                        18,422         -   6,233         +      82 
  U.S. Treasury, general account                                  5,081         +     634         -   1,319 
  Foreign official                                                   83         +       2         -      58 
  Other                                               (0)           317         +      31         +      10 
Deferred availability cash items                    (722)         6,499         +     735         -   2,044 
Other liabilities and accrued dividends (7)                       2,446         -      19         +     321 
      Total liabilities                             (722)       754,306         -   2,068         +  37,162 
                                                     
Capital Accounts                                     
Capital paid in                                                   9,253         +       7         +     532 
Surplus                                                           8,829         +      50         +     449 
Other capital accounts                                              830         +     203         +     184 
      Total capital                                              18,913         +     261         +   1,166 
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, August 4, 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             102        56,302    +     347             0            0        17,000        20,576
16 days to 90 days         219       150,366    -   2,644             0            0             0             0
91 days to 1 year            0       165,961    +     810             0            0      ------       ------   
Over 1 to 5 years     ------         192,427    +   1,493             0            0      ------       ------   
Over 5 to 10 years    ------          51,869    +       4             0            0      ------       ------   
Over 10 years         ------          76,808    +       6             0            0      ------       ------   
           
All                        321       693,734    +      17             0            0        17,000       20,576 
 
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 August 4, 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                      11,040         494       4,650         382         452         819         894         924         325         218         302         525       1,055 
Special drawing rights certificate acct.       2,200         115         874          83         104         147         166         212          71          30          66          98         234 
Coin                                             740          20          34          37          42          67          95          91          52          20          46         134         104 
Securities, repurchase agreements,                                 
      and loans                              711,055      32,576     317,902      20,641      29,643      52,727      46,793      62,560      20,415      15,206      18,261      31,633      62,698 
   Securities held outright                  693,734      32,576     300,812      20,633      29,643      52,727      46,784      62,490      20,381      15,131      18,230      31,631      62,695 
      U.S. Treasury (1)                      693,734      32,576     300,812      20,633      29,643      52,727      46,784      62,490      20,381      15,131      18,230      31,631      62,695 
         Bills (2)                           255,248      11,986     110,679       7,592      10,907      19,400      17,213      22,992       7,499       5,567       6,707      11,638      23,067 
         Notes and bonds(3)                  438,486      20,590     190,133      13,042      18,737      33,327      29,570      39,498      12,882       9,564      11,523      19,993      39,627 
         Federal agency (2)                        0           0           0           0           0           0           0           0           0           0           0           0           0 
      Repurchase agreements(4)                17,000           0      17,000           0           0           0           0           0           0           0           0           0           0 
      Loans                                      321           0          90           8           0           0           9          70          34          75          30           3           3 
Items in process of collection                 8,333         478         380         400         489         319       1,056         967         396         582         605         258       2,402 
Bank premises                                  1,709          96         192          51         154         145         279         138          56         124          76         220         180 
Other assets(5)                               38,864       1,762      14,127       1,130       2,360       5,964       2,233       3,502       1,018       1,137         812       1,026       3,795 
Interdistrict settlement account                   0     + 2,623     -29,446     + 3,843     +   818     -   664     + 8,973     - 1,685     + 1,176     -   578     + 1,342     + 4,012     + 9,586 
          Total Assets                       773,940      38,163     308,711      26,567      34,062      59,523      60,489      66,709      23,508      16,738      21,509      37,906      80,054 
 
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 August 4, 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             821,802      38,564     316,302      32,536      34,942      61,609      72,254      67,869      24,956      15,852      23,980      43,063      89,876 
  Less: notes held by F.R. Banks              120,920       4,336      31,136       8,698       5,663      11,231      17,341       7,976       3,383       1,117       4,614       7,542      17,883 
    Federal Reserve notes, net                700,882      34,228     285,166      23,838      29,279      50,378      54,912      59,893      21,574      14,735      19,366      35,521      71,993 
Reverse repurchase agreements (1)              20,576         966       8,922         612         879       1,564       1,388       1,853         604         449         541         938       1,859 
Deposits                                       23,903       1,245       8,744         880       1,782       2,668       2,113       2,188         607         381         682         736       1,877 
  Depository institutions                      18,422       1,242       3,431         879       1,779       2,522       2,111       2,184         604         380         681         735       1,873 
  U.S. Treasury, general account                5,081           0       5,081           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                                           317           1         173           0           0         139           0           1           2           0           1           0           0 
Deferred availability cash items                7,220         561         666         571         468         531         842         461         146         478         503         301       1,691 
Other liabilities and accrued                                                 
  dividends (2)                                 2,446         133         798          96         124         254         197         231         107          82          92         135         196 
                                                                    
    Total liabilities                         755,028      37,133     304,295      25,997      32,532      55,395      59,452      64,627      23,038      16,126      21,185      37,631      77,616 
                                                                    
Capital                                                             
Capital paid in                                 9,253         506       2,116         283         759       2,077         506       1,024         232         262         153         131       1,203 
Surplus                                         8,829         448       2,031         259         727       2,052         489         924         228         350         162         111       1,048 
Other capital                                     830          75         269          28          44           0          41         135          10           0           9          33         186 
     Total liabilities and capital            773,940      38,163     308,711      26,567      34,062      59,523      60,489      66,709      23,508      16,738      21,509      37,906      80,054 
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
Aug 4, 2004
Federal Reserve notes outstanding          821,802  
   Less: Notes held by F.R. Banks         
         not subject to collateralization   120,920  
      Federal Reserve Notes to be         
         collateralized                    700,882  
Collateral held against Federal Reserve             
   notes                                   700,882  
   Gold certificate account                 11,040  
   Special drawing rights                 
     certificate account                     2,200  
   U.S. Treasury and agency securities    
     pledged (1)                           687,643  
   Other assets pledged                          0  
                                          
Memo:                                     
Total U.S. Treasury and agency            
       securities (1)                      710,734  
   Less:face value of securities under    
         reverse repurchase agreements      20,582  
      U.S. Treasury and agency securities  
             eligible to be pledged        690,152  
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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