Federal Reserve Statistical Release, H.4.1, Factors Affecting Reserve Balances; title with eagle logo links to Statistical Release home page
Release Date:  February 24, 2005
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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
February 24, 2005
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
Feb 23, 2005
Week ended
Feb 23, 2005
Change from week ended
Feb 16, 2005 Feb 25, 2004
                                                              
Reserve Bank Credit                                         780,772     -   2,931     +  48,717       783,514 
 Securities held outright                                   717,845     -      21     +  46,936       717,839 
    U.S. Treasury (1)                                       717,845     -      21     +  46,936       717,839 
       Bills (2)                                            263,005             0     +  16,918       263,005 
       Notes and bonds, nominal (2)                         433,429             0     +  24,211       433,429 
       Notes and bonds, inflation-indexed (2)                19,108             0     +   5,114        19,108 
       Inflation compensation (3)                             2,303     -      21     +     694         2,297 
    Federal agency (2)                                            0             0             0             0 
 Repurchase agreements(4)                                    23,964     +      35     +     964        25,250 
 Loans to depository institutions                                21     -       2     -      31            24 
    Primary credit                                                5     -       4     -      32             6 
    Secondary credit                                              0             0             0             0 
    Seasonal credit                                              16     +       2             0            19 
 Float                                                         -308     -     720     +     233           913 
 Other Federal Reserve assets                               39,250    -   2,223    +     615       39,488 
Gold stock                                                   11,042             0     -       1        11,042 
Special drawing rights certificate account                    2,200             0             0         2,200 
Treasury currency outstanding (5)                            36,532     +      14     +     903        36,532 
                                                              
Total factors supplying reserve funds                       830,547     -   2,916     +  49,620       833,289 
                                                                          
Currency in circulation(5)                                  753,257     +   2,087     +  39,048       753,834 
Reverse repurchase agreements (6)                            23,857     -   3,187     +   3,431        23,474 
   Foreign official and international accounts               23,857     -   3,187     +   3,431        23,474 
   Dealers                                                        0             0             0             0 
Treasury cash holdings                                          269     -      11     -      53           263 
Deposits with F.R.Banks, other than reserve balances         14,300     -     773     -   1,964        13,515 
  U.S. Treasury, general account                              5,250     +     326     +     103         4,487 
  Foreign official                                               81     -       1     -       4            81 
  Service-related                                             8,672     -   1,100     -   2,045         8,672 
     Required clearing balances                               8,671     -   1,101     -   1,409         8,671 
     Adjustments to compensate for float                          0             0     -     637             0 
  Other                                                         296             0     -      19           275 
Other liabilities and capital                                27,435     +     485     +   7,210        27,300 
                                                              
Total factors, other than reserve balances,                                                       
   absorbing reserve funds                                  819,119     -   1,399     +  47,673       818,387 
                                                              
Reserve balances with Federal Reserve Banks                  11,428     -   1,517     +   1,947        14,902 
                                                                          
                                                              
Memo (off-balance-sheet items):                               
  Marketable securities held in custody for foreign           
         official and international accounts(2,7)         1,364,705     +  22,426     + 221,842     1,370,033 
     U.S. Treasury                                        1,077,357     +  20,310     + 167,917     1,080,307 
     Federal agency                                         287,347     +   2,115     +  53,924       289,726 
  Securities lent to dealers                                  2,966     -     475     +   2,287         3,508 
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
Feb 23, 2005
Wednesday
Feb 16, 2005
Wednesday
Feb 25, 2004
Assets                                               
Gold certificate account                                         11,038                 0                 0 
Special drawing rights certificate account                        2,200                 0                 0 
Coin                                                                810         -      18         -      68 
Securities, repurchase agreements, and loans                    743,114         +   6,729         +  51,316 
   Securities held outright                                     717,839         -      20         +  46,312 
      U.S. Treasury (1)                                         717,839         -      20         +  46,312 
         Bills (2)                                              263,005                 0         +  16,864 
         Notes and bonds, nominal (2)                           433,429                 0         +  23,645 
         Notes and bonds, inflation-indexed (2)                    19,108                 0         +   5,114 
         Inflation compensation (3)                               2,297         -      19         +     689 
      Federal agency (2)                                              0                 0                 0 
   Repurchase agreements (4)                                     25,250         +   6,750         +   5,250 
   Loans                                                             24         -       3         -     246 
Items in process of collection                    (1,151)         9,655         +   1,652         +   2,659 
Bank premises                                                     1,784         +       1         +     134 
Other assets (5)                                                 37,671         +     622         +     676 
      Total assets                                (1,151)       806,272         +   8,986         +  54,717 
                                                     
Liabilities                                          
Federal Reserve notes net of FR Bank holdings                  718,371         +   1,006         +  38,220 
Reverse repurchase agreements (6)                                23,474         +     128         +   4,602 
Deposits                                              (0)        28,345         +   5,886         +   2,911 
  Depository institutions                                        23,502         +   6,435         +   3,687 
  U.S. Treasury, general account                                  4,487         -     523         -     722 
  Foreign official                                                   81         -       4         +       1 
  Other                                               (0)           275         -      22         -      55 
Deferred availability cash items                  (1,151)         8,781         +   1,632         +   1,611 
Other liabilities and accrued dividends (7)                       3,011         +      85         +     772 
      Total liabilities                           (1,151)       781,982         +   8,737         +  48,116 
                                                     
Capital Accounts                                     
Capital paid in                                                  12,508         +      64         +   3,603 
Surplus                                                          11,114         +      85         +   2,414 
Other capital accounts                                              668         +     100         +     584 
      Total capital                                              24,290         +     249         +   6,601 
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, February 23, 2005
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              24        56,852    -     840             0            0        25,250        23,474
16 days to 90 days           0       163,184    +   1,695             0            0             0             0
91 days to 1 year            0       157,795    -     856             0            0      ------       ------   
Over 1 to 5 years     ------         212,794    -       8             0            0      ------       ------   
Over 5 to 10 years    ------          50,279    +   3,054             0            0      ------       ------   
Over 10 years         ------          76,934    -   3,066             0            0      ------       ------   
           
All                         24       717,839    -      20             0            0        25,250       23,474 
 
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 February 23, 2005
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                      11,038         494       4,648         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                                             810          23          52          61          61          74          89         123          36          26          58          82         128 
Securities, repurchase agreements,                                 
      and loans                              743,114      33,708     336,515      21,351      30,673      54,559      48,410      64,669      21,089      15,666      18,865      32,730      64,879 
   Securities held outright                  717,839      33,708     311,265      21,350      30,673      54,559      48,409      64,662      21,089      15,657      18,864      32,730      64,873 
      U.S. Treasury (1)                      717,839      33,708     311,265      21,350      30,673      54,559      48,409      64,662      21,089      15,657      18,864      32,730      64,873 
         Bills (2)                           263,005      12,350     114,042       7,822      11,238      19,990      17,736      23,691       7,727       5,736       6,911      11,992      23,769 
         Notes and bonds(3)                  454,834      21,358     197,222      13,528      19,435      34,569      30,673      40,971      13,363       9,921      11,952      20,738      41,105 
         Federal agency (2)                        0           0           0           0           0           0           0           0           0           0           0           0           0 
      Repurchase agreements(4)                25,250           0      25,250           0           0           0           0           0           0           0           0           0           0 
      Loans                                       24           0           0           1           0           0           0           7           0           9           1           0           5 
Items in process of collection                10,806         613         610         592         873         688       1,057       1,038         460         625         917         475       2,859 
Bank premises                                  1,784         101         198          53         157         143         276         165          64         122          82         256         167 
Other assets(5)                               37,671       3,311      14,564       1,006       2,557       5,027       1,930       2,583         865         769         644         880       3,532 
Interdistrict settlement account                   0     + 3,192     -31,659     + 6,689     +   514     + 5,022     + 7,498     +   945     + 1,517     -   954     + 1,756     + 1,481     + 3,999 
          Total Assets                       807,423      41,556     325,801      30,218      35,392      66,478      60,320      70,659      24,429      16,503      22,689      36,526      76,852 
 
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 February 23, 2005
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             855,791      40,161     341,176      35,156      35,398      64,565      73,518      72,510      24,795      16,341      24,428      40,411      87,333 
  Less: notes held by F.R. Banks              137,420       4,738      43,578       7,967       5,257      12,198      18,743       8,955       2,817       2,010       4,305       6,684      20,169 
    Federal Reserve notes, net                718,371      35,423     297,598      27,189      30,142      52,368      54,775      63,555      21,977      14,331      20,123      33,726      67,165 
Reverse repurchase agreements (1)              23,474       1,102      10,179         698       1,003       1,784       1,583       2,115         690         512         617       1,070       2,121 
Deposits                                       28,345       1,371       8,982         756       1,380       6,529       1,637       2,364         724         386         875         812       2,528 
  Depository institutions                      23,502       1,359       4,269         755       1,376       6,435       1,635       2,361         719         385         874         811       2,523 
  U.S. Treasury, general account                4,487           0       4,487           0           0           0           0           0           0           0           0           0           0 
  Foreign official                                 81           5          53           1           4           7           2           3           1           1           1           0           4 
  Other                                           275           7         174           0           1          86           0           0           4           0           1           1           0 
Deferred availability cash items                9,932         861         803         857         695         727       1,104         719         224         658         657         478       2,148 
Other liabilities and accrued                                                 
  dividends (2)                                 3,011         169       1,057         107         163         291         230         282         118          96          98         147         253 
                                                                    
    Total liabilities                         783,134      38,927     318,619      29,606      33,383      61,699      59,329      69,035      23,733      15,983      22,369      36,234      74,216 
                                                                    
Capital                                                             
Capital paid in                                12,508       1,639       3,488         298       1,098       2,538         428         786         401         253         155         136       1,288 
Surplus                                        11,114         991       3,430         294         911       2,148         516         763         236         254         153         135       1,283 
Other capital                                     668           0         265          20           0          93          46          74          59          12          12          21          65 
     Total liabilities and capital            807,423      41,556     325,801      30,218      35,392      66,478      60,320      70,659      24,429      16,503      22,689      36,526      76,852 
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
Feb 23, 2005
Federal Reserve notes outstanding          855,791  
   Less: Notes held by F.R. Banks         
         not subject to collateralization   137,420  
      Federal Reserve Notes to be         
         collateralized                    718,371  
Collateral held against Federal Reserve             
   notes                                   718,371  
   Gold certificate account                 11,038  
   Special drawing rights                 
     certificate account                     2,200  
   U.S. Treasury and agency securities    
     pledged (1)                           705,133  
   Other assets pledged                          0  
                                          
Memo:                                     
Total U.S. Treasury and agency            
       securities (1)                      743,089  
   Less:face value of securities under    
         reverse repurchase agreements      23,489  
      U.S. Treasury and agency securities  
             eligible to be pledged        719,600  
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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