Federal Reserve Statistical Release, H.4.1, Factors Affecting Reserve Balances; title with eagle logo links to Statistical Release home page
Release Date: April 17, 2003
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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 17, 2003
1. Factors Affecting Reserve Balances of Depository Institutions
Millions of dollars
                                                                   Averages of daily figures
Reserve Bank credit, related items, and                   Week ended   Change from week ended     Wednesday
reserve balances of depository institutions at           Apr 16, 2003  Apr 9, 2003 Apr 17, 2002 Apr 16, 2003
Federal Reserve Banks

Reserve Bank Credit                                         711,299    +   6,886    +  67,312      723,333
 Securities held outright                                   645,669    +   1,729    +  67,327      646,795       
    U.S. Treasury (1)                                       645,659    +   1,729    +  67,327      646,785
       Bills (2)                                            235,713    +     668    +  43,012      235,814
       Notes and bonds, nominal (2)                         395,760    +   1,035    +  22,269      396,776
       Notes and bonds, inflation-indexed (2)                12,814            0    +   1,684       12,814
       Inflation compensation (3)                             1,371    +      26    +     361        1,380
    Federal agency (2)                                           10            0            0           10      
 Repurchase agreements(4)                                    26,821    +   4,928    -   1,379       38,000
 Loans to depository institutions                                36    +       7    -      16           46
    Primary credit                                               16    +       3    +      16           23
    Secondary credit                                              0            0            0            0
    Seasonal credit                                              20    +       4    -      28           23
    Adjustment credit                                             0            0    -       4            0
 Float                                                         -273    -     227    +     451         -614
 Other Federal Reserve assets                                39,046    +     449    +     929       39,106
Gold stock                                                   11,043            0    -       1       11,043
Special drawing rights certificate account                    2,200            0            0        2,200
Treasury currency outstanding (5)                            34,794    +      14    +   1,123       34,794
       
Total factors supplying reserve funds                       759,336    +   6,900    +  68,434      771,370
                                                                   
Currency in circulation(5)                                  687,584    +     650    +  43,748      688,893
Reverse repurchase agreements (6)                            20,745    +      92    +  20,745       19,801
   Foreign official and international accounts               20,745    +     414    +  20,745       19,801
   Dealers                                                        0    -     321            0            0
Treasury cash holdings                                          357    +       4    -      46          361
Deposits with F.R.Banks, other than reserve balances         17,811    -     859    +   1,443       20,137       
  U.S. Treasury, general account                              6,470    -      58    +     513        8,821
  Foreign official                                              120    +       2    +       4          101
  Service-related                                            10,979    -     764    +     926       10,979
     Required clearing balances                              10,820            0    +   1,001       10,820
     Adjustments to compensate for float                        160    -     763    -      73          160
  Other                                                         241    -      40    -       1          236
Other liabilities and capital                                19,941    +      81    +   1,205       19,871

Total factors, other than reserve balances,                                        
   absorbing reserve funds                                  746,439    -      30    +  67,096      749,063

Reserve balances with Federal Reserve Banks                  12,897    +   6,930    +   1,339       22,308
                                                                

Memo (off-balance-sheet items):
  Marketable securities held in custody for foreign
         official and international accounts(2,7)           898,198    -     368     ------        892,976
     U.S. Treasury                                          720,056    -     526     ------        717,312
     Federal agency                                         178,143    +     159     ------        175,665
  Securities lent to dealers                                    450    +     134    -     165          824   


Note: Components may not sum to totals because of rounding.
---   Not available.

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
                                              Eliminations                          Change Since
                                                  from       Wednesday        Wednesday        Wednesday
Assets, liabilities, and capital             consolidation Apr 16, 2003      Apr 9, 2003     Apr 17, 2002

Assets
Gold certificate account                                        11,038                0        -       6
Special drawing rights certificate account                       2,200                0                0
Coin                                                             1,056        -      22        +      38
Securities, repurchase agreements, and loans                   684,841        +  18,474        +  77,535
   Securities held outright                                    646,795        +   1,711        +  66,739
      U.S. Treasury (1)                                        646,785        +   1,711        +  66,739       
         Bills (2)                                             235,814        +     264        +  42,013
         Notes and bonds, nominal (2)                          396,776        +   1,422        +  22,677
         Notes and bonds, inflation-indexed (2)                 12,814                0        +   1,684
         Inflation compensation (3)                              1,380        +      25        +     365
      Federal agency (2)                                            10                0                0
   Repurchase agreements (4)                                    38,000        +  16,750        +  10,800    
   Loans                                                            46        +      13        -       5
Items in process of collection                    (1,224)        8,284        -     759        +     419
Bank premises                                                    1,559        +       1        +      45
Other assets (5)                                                37,802        +     306        +   1,220
      Total assets                                (1,224)      746,781        +  18,001        +  79,252
                          
Liabilities
Federal Reserve notes net of FR Bank holdings                  655,512        +     408        +  43,042
Reverse repurchase agreements (6)                               19,801        -     490        +  19,801
Deposits                                             (-1)       42,795        +  17,486        +  14,757       
  Depository institutions                                       33,637        +  15,579        +  13,646
  U.S. Treasury, general account                                 8,821        +   1,949        +   1,081
  Foreign official                                                 101        -       1        +      25
  Other                                              (-1)          236        -      41        +       5
Deferred availability cash items                  (1,225)        8,803        +     343        +     340
Other liabilities and accrued dividends (7)                      2,239        -      25        -     154
      Total liabilities                           (1,224)      729,149        +  17,722        +  77,785
                          
Capital Accounts
Capital paid in                                                  8,522        +       1        +     517
Surplus                                                          8,380                0        +   1,098
Other capital accounts                                             729        +     277        -     149
      Total capital                                             17,632        +     280        +   1,467


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 collatealized 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,     April 16, 2003
Millions of dollars
                                    U.S. Treasury           Federal agency                      Reverse
Maturity             Loans           securities (1)          securities           Repurchase   repurchase
                                              Weekly                    Weekly    agreements(2)agreements(2)
                                  Holdings    changes      Holdings    changes    
Within 15 days              45       49,663   +  10,126            0           0       34,000       19,801
16 days to 90 days           1      129,782   -   9,799            0           0        4,000            0
91 days to 1 year            0      153,573   +   1,358           10           0     ------      ------
Over 1 to 5 years     ------        181,526   +       7            0           0     ------      ------
Over 5 to 10 years    ------         52,309   +       8            0           0     ------      ------
Over 10 years         ------         79,932   +      11            0           0     ------      ------
                   		 	
All                         46      646,785   +   1,711           10           0       38,000      19,801

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     April 16, 2003
Millions of dollars
                                                                                                                                                            Kansas                 San
Assets, liabilities, and capital               Total     Boston   New York Philadelphia Cleveland   Richmond   Atlanta    Chicago   St. Louis  Minneapolis   City      Dallas   Francisco

Assets                        
Gold certificate account                      11,038        495      4,705        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                                           1,056         50         39         77         42        140         98        134         61         42         72        167        132
Securities, repurchase agreements,
      and loans                              684,841     31,270    314,720     20,221     30,307     49,741     43,718     65,360     20,357     14,448     17,386     25,348     51,966
   Securities held outright                  646,795     31,270    276,720     20,221     30,307     49,741     43,695     65,359     20,349     14,437     17,382     25,348     51,966
      U.S. Treasury (1)                      646,785     31,269    276,715     20,221     30,307     49,740     43,694     65,358     20,349     14,437     17,382     25,347     51,965
         Bills (2)                           235,814     11,401    100,889      7,373     11,050     18,135     15,931     23,829      7,419      5,264      6,337      9,241     18,946
         Notes and bonds(3)                  410,971     19,869    175,826     12,849     19,257     31,605     27,764     41,529     12,930      9,173     11,045     16,106     33,019
         Federal agency (2)                       10          0          4          0          0          1          1          1          0          0          0          0          1
      Repurchase agreements(4)                38,000          0     38,000          0          0          0          0          0          0          0          0          0          0
      Loans                                       46          0          0          0          0          0         23          1          8         10          4          0          0
Items in process of collection                 9,509        463        667        509        389        700        762        720        456        479        713        541      3,110
Bank premises                                  1,559         91        185         50        152        144        278        117         44        126         51        144        176
Other assets(5)                               37,802      1,786     13,771      1,084      2,312      5,807      2,205      3,513        980      1,110        905      1,112      3,216
Interdistrict settlement account                   0    - 2,302    +10,232    - 2,565    -   876    +   779    - 2,920    - 7,303    -   797    -   607    -     4    + 2,839    + 3,525
          Total Assets                       748,005     31,969    345,193     19,840     32,907     58,264     45,170     63,735     21,503     15,852     19,492     30,756     63,323

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     April 16, 2003
Millions of dollars
                                                                                                                                                            Kansas                 San
Assets, liabilities, and capital                Total     Boston   New York Philadelphia Cleveland   Richmond   Atlanta    Chicago   St. Louis  Minneapolis   City      Dallas   Francisco

Liabilities                         
Federal Reserve notes outstanding             763,918     32,234    337,792     24,501     31,575     54,050     59,147     63,002     22,121     15,043     21,265     35,237     67,952
  Less: notes held by F.R. Banks              108,406      4,758     27,107      7,277      4,350      8,519     19,996      6,995      3,454      1,380      4,241      7,032     13,296
    Federal Reserve notes, net                655,512     27,476    310,685     17,224     27,225     45,530     39,151     56,007     18,667     13,662     17,024     28,205     54,655
Reverse repurchase agreements (1)              19,801        957      8,471        619        928      1,523      1,338      2,001        623        442        532        776      1,591
Deposits                                       42,794      1,846     20,310        843      2,708      6,000      2,474      2,970      1,349        575        850        667      2,202
  Depository institutions                      33,637      1,843     11,257        842      2,704      5,923      2,473      2,966      1,344        574        848        665      2,199
  U.S. Treasury, general account                8,821          0      8,821          0          0          0          0          0          0          0          0          0          0
  Foreign official                                101          2         77          1          3          7          2          3          1          1          1          1          3
  Other                                           235          2        154          0          2         70         -1          1          4          0          1          1          0
Deferred availability cash items               10,028        647      1,043        542        489        755      1,038        734        336        379        579        606      2,878
Other liabilities and accrued                 
  dividends (2)                                 2,239        127        704         92        124        245        180        219         96         89         85        105        174
   
    Total liabilities                         730,374     31,054    341,213     19,320     31,474     54,054     44,180     61,930     21,071     15,148     19,070     30,358     61,501
                              
Capital                    
Capital paid in                                 8,522        444      1,877        251        700      2,069        476        874        206        345        204        189        887
Surplus                                         8,380        436      1,809        233        702      2,073        475        858        199        340        201        186        868
Other capital                                     729         34        294         36         30         69         39         74         27         20         17         22         67
     Total liabilities and capital            748,005     31,969    345,193     19,840     32,907     58,264     45,170     63,735     21,503     15,852     19,492     30,756     63,323
                              

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
                                          Apr 16, 2003
              
Federal Reserve notes, net of F.R. 
 Bank holdings                                655,512 
Collateral held against Federal Reserve            
   notes                                      655,512
   Gold certificate account                    11,038
   Special drawing rights                 
     certificate account                        2,200
   U.S. Treasury and agency securities   
     pledged (1)                              642,274
   Other eligible assets                            0

Memo:
Total U.S. Treasury and agency 
       securities (1)                         684,795
   Less:face value of securities under
         reverse repurchase agreements         19,807
      U.S. Treasury and agency securities
             eligible to be pledged           664,988
   

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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