Federal Reserve Statistical Release, H.4.1, Factors Affecting Reserve Balances; title with eagle logo links to Statistical Release home page
Release Date:  August 19, 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 19, 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 18, 2004
Week ended
Aug 18, 2004
Change from week ended
Aug 11, 2004 Aug 20, 2003
                                                              
Reserve Bank Credit                                         754,238     -     553     +  27,699       749,097 
 Securities held outright                                   694,041     +     300     +  40,595       694,760 
    U.S. Treasury (1)                                       694,041     +     300     +  40,605       694,760 
       Bills (2)                                            255,251     +       3     +  14,953       255,254 
       Notes and bonds, nominal (2)                         421,830     +     284     +  22,977       422,541 
       Notes and bonds, inflation-indexed (2)                14,862             0     +   2,048        14,862 
       Inflation compensation (3)                             2,098     +      13     +     627         2,102 
    Federal agency (2)                                            0             0     -      10             0 
 Repurchase agreements(4)                                    20,536     +     500     -  13,535        16,500 
 Loans to depository institutions                               246     +       7     -     691           241 
    Primary credit                                               12     -       4     -     707             8 
    Secondary credit                                              0             0     -      66             0 
    Seasonal credit                                             235     +      12     +      83           234 
 Float                                                         -389     -      92     -   1,231          -173 
 Other Federal Reserve assets                               39,803    -   1,268    +   2,560       37,768 
Gold stock                                                   11,044             0     +       1        11,044 
Special drawing rights certificate account                    2,200             0             0         2,200 
Treasury currency outstanding (5)                            36,137     +      14     +     946        36,137 
                                                              
Total factors supplying reserve funds                       803,619     -     539     +  28,645       798,479 
                                                                          
Currency in circulation(5)                                  735,052     +      24     +  40,324       735,981 
Reverse repurchase agreements (6)                            21,728     +   1,306     +   1,622        21,374 
   Foreign official and international accounts               21,728     +   1,306     +   1,622        21,374 
   Dealers                                                        0             0             0             0 
Treasury cash holdings                                          306     +      17     -      49           320 
Deposits with F.R.Banks, other than reserve balances         15,429     -     553     -   2,089        15,591 
  U.S. Treasury, general account                              4,456     -     608     -   1,188         4,665 
  Foreign official                                              111     +      30     -     127           104 
  Service-related                                            10,527     -      12     -     804        10,527 
     Required clearing balances                              10,527     -       2     -     385        10,527 
     Adjustments to compensate for float                          0     -      10     -     419             0 
  Other                                                         336     +      38     +      32           294 
Other liabilities and capital                                21,965     +     115     +   1,661        21,683 
                                                              
Total factors, other than reserve balances,                                                       
   absorbing reserve funds                                  794,480     +     910     +  41,469       794,949 
                                                              
Reserve balances with Federal Reserve Banks                   9,139     -   1,449     -  12,824         3,529 
                                                                          
                                                              
Memo (off-balance-sheet items):                               
  Marketable securities held in custody for foreign           
         official and international accounts(2,7)         1,265,550     +   9,286     + 319,368     1,274,209 
     U.S. Treasury                                        1,025,443     +   7,504     + 264,955     1,034,982 
     Federal agency                                         240,107     +   1,782     +  54,412       239,227 
  Securities lent to dealers                                  1,085     +     337     -   3,147         3,179 
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 18, 2004
Wednesday
Aug 11, 2004
Wednesday
Aug 20, 2003
Assets                                               
Gold certificate account                                         11,040                 0         +       1 
Special drawing rights certificate account                        2,200                 0                 0 
Coin                                                                754         +       4         -     143 
Securities, repurchase agreements, and loans                    711,502         +   1,525         +  18,214 
   Securities held outright                                     694,760         +   1,014         +  41,234 
      U.S. Treasury (1)                                         694,760         +   1,014         +  41,244 
         Bills (2)                                              255,254         +       6         +  14,878 
         Notes and bonds, nominal (2)                           422,541         +     995         +  23,688 
         Notes and bonds, inflation-indexed (2)                    14,862                 0         +   2,048 
         Inflation compensation (3)                               2,102         +      12         +     630 
      Federal agency (2)                                              0                 0         -      10 
   Repurchase agreements (4)                                     16,500         +     500         -  23,000 
   Loans                                                            241         +      10         -      21 
Items in process of collection                      (621)         5,571         +     254         -   1,985 
Bank premises                                                     1,711         +       1         +     121 
Other assets (5)                                                 35,998         -   3,427         +     844 
      Total assets                                  (621)       768,775         -   1,643         +  17,051 
                                                     
Liabilities                                          
Federal Reserve notes net of FR Bank holdings                  700,913         -     295         +  39,186 
Reverse repurchase agreements (6)                                21,374         +     768         +   1,030 
Deposits                                              (0)        19,065         -   1,983         -  23,038 
  Depository institutions                                        14,001         -   2,083         -  21,187 
  U.S. Treasury, general account                                  4,665         +      48         -   1,868 
  Foreign official                                                  104         +      22         +      23 
  Other                                               (0)           294         +      29         -       7 
Deferred availability cash items                    (621)         5,740         -     146         -   1,927 
Other liabilities and accrued dividends (7)                       2,520         +       8         +     358 
      Total liabilities                             (621)       749,612         -   1,649         +  15,609 
                                                     
Capital Accounts                                     
Capital paid in                                                   9,262         +       2         +     537 
Surplus                                                           8,847         -       9         +     467 
Other capital accounts                                            1,054         +      14         +     437 
      Total capital                                              19,163         +       6         +   1,441 
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 18, 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             233        58,065    +   1,500             0            0        16,500        21,374
16 days to 90 days           8       151,192    +   1,870             0            0             0             0
91 days to 1 year            0       162,157    -   4,585             0            0      ------       ------   
Over 1 to 5 years     ------         197,632    +   5,200             0            0      ------       ------   
Over 5 to 10 years    ------          49,803    -   2,069             0            0      ------       ------   
Over 10 years         ------          75,911    -     902             0            0      ------       ------   
           
All                        241       694,760    +   1,014             0            0        16,500       21,374 
 
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 18, 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                                             754          19          39          36          44          74          95          94          52          21          47         128         105 
Securities, repurchase agreements,                                 
      and loans                              711,502      32,624     317,758      20,673      29,687      52,807      46,859      62,653      20,435      15,242      18,289      31,680      62,794 
   Securities held outright                  694,760      32,624     301,257      20,664      29,687      52,805      46,853      62,583      20,411      15,154      18,257      31,678      62,788 
      U.S. Treasury (1)                      694,760      32,624     301,257      20,664      29,687      52,805      46,853      62,583      20,411      15,154      18,257      31,678      62,788 
         Bills (2)                           255,254      11,986     110,682       7,592      10,907      19,400      17,214      22,993       7,499       5,567       6,708      11,638      23,068 
         Notes and bonds(3)                  439,506      20,638     190,576      13,072      18,780      33,404      29,639      39,590      12,912       9,586      11,549      20,039      39,719 
         Federal agency (2)                        0           0           0           0           0           0           0           0           0           0           0           0           0 
      Repurchase agreements(4)                16,500           0      16,500           0           0           0           0           0           0           0           0           0           0 
      Loans                                      241           0           0           9           0           2           7          70          24          88          32           2           7 
Items in process of collection                 6,192         316         544         295         331         351         574         408         348         409         432         268       1,917 
Bank premises                                  1,711          97         191          51         154         145         279         139          56         124          75         220         180 
Other assets(5)                               35,998       1,631      12,832         999       2,248       5,815       2,036       3,248         941       1,081         734         885       3,549 
Interdistrict settlement account                   0     + 2,729     -30,394     + 4,238     +    51     - 1,387     +10,060     - 1,782     + 1,532     -   527     + 1,469     + 3,698     +10,313 
          Total Assets                       769,396      38,025     306,493      26,757      33,071      58,770      60,963      65,896      23,759      16,598      21,414      37,501      80,147 
 
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 18, 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             824,991      38,774     316,483      33,033      35,014      62,382      72,815      67,764      25,154      15,981      24,172      43,069      90,350 
  Less: notes held by F.R. Banks              124,079       4,336      32,344       8,679       5,847      11,524      17,294       8,134       3,368       1,428       4,791       7,964      18,370 
    Federal Reserve notes, net                700,913      34,439     284,138      24,354      29,167      50,858      55,521      59,630      21,786      14,553      19,382      35,106      71,980 
Reverse repurchase agreements (1)              21,374       1,004       9,268         636         913       1,625       1,441       1,925         628         466         562         975       1,932 
Deposits                                       19,065         977       7,199         681         936       1,374       2,045       1,592         565         402         652         724       1,919 
  Depository institutions                      14,001         953       2,278         680         932       1,274       2,043       1,589         563         401         650         724       1,915 
  U.S. Treasury, general account                4,665           0       4,665           0           0           0           0           0           0           0           0           0           0 
  Foreign official                                104           2          81           1           2           7           2           3           1           1           1           0           4 
  Other                                           294          22         174           0           1          92           0           1           2           0           1           0           0 
Deferred availability cash items                6,361         433         619         405         386         411         712         412         185         470         398         278       1,653 
Other liabilities and accrued                                                 
  dividends (2)                                 2,520         135         822          98         126         270         200         238         109          86          95         137         205 
                                                                    
    Total liabilities                         750,233      36,987     302,046      26,173      31,528      54,537      59,919      63,797      23,273      15,977      21,087      37,220      77,689 
                                                                    
Capital                                                             
Capital paid in                                 9,262         506       2,117         284         757       2,085         506       1,024         232         262         153         131       1,203 
Surplus                                         8,847         448       2,031         259         727       2,074         489         924         228         346         162         111       1,048 
Other capital                                   1,054          84         299          41          59          74          49         151          26          13          12          40         207 
     Total liabilities and capital            769,396      38,025     306,493      26,757      33,071      58,770      60,963      65,896      23,759      16,598      21,414      37,501      80,147 
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 18, 2004
Federal Reserve notes outstanding          824,991  
   Less: Notes held by F.R. Banks         
         not subject to collateralization   124,079  
      Federal Reserve Notes to be         
         collateralized                    700,913  
Collateral held against Federal Reserve             
   notes                                   700,913  
   Gold certificate account                 11,040  
   Special drawing rights                 
     certificate account                     2,200  
   U.S. Treasury and agency securities    
     pledged (1)                           687,673  
   Other assets pledged                          0  
                                          
Memo:                                     
Total U.S. Treasury and agency            
       securities (1)                      711,260  
   Less:face value of securities under    
         reverse repurchase agreements      21,382  
      U.S. Treasury and agency securities  
             eligible to be pledged        689,879  
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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