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Release Date: August 20, 1998
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FEDERAL RESERVE
These data are scheduled for release each Thursday. The exact time of each release will be announced, when
the information is available, on (202) 452-3206.
H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of F.R. Banks
August 20, 1998
Millions of dollars
Averages of daily figures
Reserve balances of depository institutions at Week ended Change from week ended Wednesday
F.R. Banks, Reserve Bank credit, and related items Aug 19, 1998 Aug 12, 1998 Aug 20, 1997 Aug 19, 1998
Reserve Bank Credit (1,2) 479,882 - 2,090 + 30,865 478,614
U.S. government securities
Bought outright-system account (3) 441,783 - 123 + 32,807 442,059
Held under repurchase agreements 1,949 - 643 - 3,825 1,986
Federal agency obligations
Bought outright 451 - 29 - 580 451
Held under repurchase agreements 2,932 - 203 + 951 3,148
Acceptances 0 0 0 0
Loans to depository institutions
Adjustment credit 45 + 43 - 658 0
Seasonal credit 256 + 13 - 129 261
Extended credit 0 0 0 0
Float 398 - 249 - 33 275
Other F.R. assets 32,069 - 899 + 2,333 30,435
Gold stock 11,044 - 1 - 7 11,042
Special drawing rights certificate account 9,200 0 0 9,200
Treasury currency outstanding 25,948 + 14 + 553 25,948
Total factors supplying reserve funds 526,075 - 2,077 + 31,412 524,804
Currency in circulation* 488,220 - 47 + 31,595 488,973
Treasury cash holdings* 132 - 6 - 170 93
Deposits,other than reserve balances,with F.R.Banks
Treasury 5,450 + 611 + 1,006 4,372
Foreign 164 - 13 - 62 160
Service-related balances and adjustments (4) 6,865 - 128 - 142 6,865
Other 354 + 24 - 18 378
Other F.R. liabilities and capital 16,846 + 53 + 1,390 16,560
Total factors, other than reserve balances,
absorbing reserve funds 518,030 + 494 + 33,600 517,400
Reserve balances with F.R. Banks (5) 8,045 - 2,571 - 2,188 7,404
On August 19, 1998, the face amount of marketable U.S. government securities held in custody by the
Federal Reserve Banks for foreign official and international accounts was 587,438 million, a change of
-$ 104 million for the week. The total includes the face value of U.S. Treasury strips and other zero
coupon bonds.
1 Net of $ 16,172 million daily average, matched sale-purchase transactions outstanding during the
latest statement week, of which a net of $ 16,172 million was with foreign official and international
accounts. Includes securities loaned--fully secured by U.S. government securities.
2 Net of $ 15,897 million matched sale-purchase transactions outstanding at the end of the latest
statement week, of which a net of $ 15,897 million was with foreign official and international
accounts. Includes $ 128 million securities loaned--fully secured U.S. government securities.
3 Includes $ 2,850 million of inflation-indexed securities valued at the original face amount and
$ 46 million of compensation that adjusts for the effects of inflation on the principal of such
securities.
4 Consists of required clearing balances of $ 6,741 million and adjustments of $ 124 million to
compensate for float.
5 Excludes required clearing balances and adjustments to compensate for float.
* Estimated (Treasury's figures).
Components may not add to totals due to rounding.
Worksheet for H.4.1 (a)
CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS
Millions of Dollars
Change Since
* Wednesday Wednesday Wednesday
Aug 19, 1998 Aug 12, 1998 Aug 20, 1997
ASSETS
Gold certificate account 11,042 - 3 - 9
Special drawing rights certificate account 9,200 0 0
Coin 410 - 3 - 90
Loans 261 + 14 - 5,001
Acceptances 0 0 0
Federal agency obligations
Bought outright 451 0 - 580
Held under repurchase agreements (1) 3,148 - 2,987 + 1,467
U.S. government securities
Bought outright--Bills 199,803 - 220 + 5,696
Notes (2) 177,116 - 1,771 + 17,322
Bonds (3) 65,140 + 1,772 + 10,148
Total bought outright (4) 442,059 - 219 + 33,165
Held under repurchase agreements (1) 1,986 - 3,769 - 2,764
Total U.S. government securities 444,045 - 3,988 + 30,401
Total loans and securities 447,904 - 6,962 + 26,288
Items in process of collection (456) 7,056 - 323 + 682
Bank premises 1,294 + 2 + 28
Other assets (5) 29,220 - 3,278 + 1,023
TOTAL ASSETS (456) 506,126 - 10,567 + 27,922
LIABILITIES
Federal Reserve notes 463,527 - 568 + 31,006
Deposits
Depository institutions 14,773 - 9,169 - 4,027
U.S. Treasury--general account 4,372 - 766 - 491
Foreign--official accounts 160 - 3 - 352
Other 378 + 42 + 16
Total deposits 19,683 - 9,896 - 4,855
Deferred availability cash items (456) 6,356 + 74 + 575
Other liabilities and accrued dividends (6) 4,525 - 175 - 114
TOTAL LIABILITIES (456) 494,091 - 10,565 + 26,613
CAPITAL ACCOUNTS
Capital paid in 5,853 + 7 + 713
Surplus 5,220 0 + 725
Other capital accounts 962 - 9 - 128
*Figures in parentheses are the eliminations made in the consolidation process.
1 Does not include U.S. government and federal agency securities resold under matched sale-purchase
transactions to foreign official and international accounts of which $ 0 million was outstanding
at the end of the latest statement week.
2 Includes $ 2,050 million of inflation-indexed securities valued at the original face amount and
$ 40 million of compensation that adjusts for the effects of inflation on the principal of such
securities.
3 Includes $ 800 million of inflation-indexed securities valued at the original face amount and
$ 6 million of compensation that adjusts for the effects of inflation on the principal of such
securities.
4 Net of $ 15,897 million matched sale-purchase transactions outstanding at the end of the latest
statement week. Includes $ 128 million securities loaned--fully secured by U.S. government
securities.
5 Includes assets denominated in foreign currencies, revalued monthly at market exchange rates. Includes
special investment account at Chicago of $ 160 million in Treasury bills maturing within 90 days.
6 Includes exchange-translation account reflecting the monthly revaluation at market exchange rates of
foreign exchange commitments.
Components may not add to totals due to rounding.
MATURITY DISTRIBUTION OF LOANS AND SECURITIES, August 19, 1998
Acceptances and securities held under repurchase agreements are classified as maturing within 15 days in
accordance with maximum majority of the agreements.
Millions of dollars
U.S. government Federal agency
Loans Acceptances securities (1) obligations
Weekly Weekly
Holdings changes Holdings changes
Within 15 days 237 0 Within 15 days 18,500 - 4,737 3,148 - 2,987
16 to 90 days 24 0 16 to 90 days 93,717 + 4,452 48 0
Over 90 days 0 0 91 days to 1 year 137,335 - 6,235 114 0
Over 1 to 5 years 100,306 + 3,595 104 0
Over 5 to 10 years 40,972 - 2,046 185 0
Over 10 years 53,214 + 984 0 0
Total 261 0 Total 444,045 - 3,988 3,599 - 2,987
1 Includes $ 2,850 million of inflation-indexed securities valued at the original face amount and
$ 46 million of compensation that adjusts for the effects of inflation on the principal of such
securities.
Components may not add to totals due to rounding.
H.4.1 (b)
STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON August 19, 1998
Millions of dollars
Kansas San
Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas Francisco
ASSETS
Gold certificate account 11,042 582 4,202 323 643 807 717 998 358 128 289 530 1,465
Special drawing rights certif. acct. 9,200 530 3,202 282 574 792 602 900 340 123 247 367 1,241
Coin 410 12 21 13 28 40 72 60 22 13 26 51 52
Loans 261 0 0 0 0 0 7 44 49 94 36 2 29
Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0
Federal agency obligations
Bought outright 451 25 167 13 29 35 27 43 16 5 12 20 57
Held under repurchase agreements(1) 3,148 0 3,148 0 0 0 0 0 0 0 0 0 0
U.S. government securities
Bought outright--Bills 199,803 10,882 74,055 5,809 12,986 15,739 12,154 19,181 7,021 2,195 5,543 9,085 25,153
Notes (2) 177,116 9,646 65,647 5,149 11,511 13,952 10,774 17,004 6,224 1,946 4,913 8,053 22,297
Bonds (3) 65,140 3,548 24,143 1,894 4,234 5,131 3,962 6,254 2,289 716 1,807 2,962 8,200
Total bought outright(4) 442,059 24,076 163,845 12,852 28,731 34,823 26,891 42,438 15,535 4,856 12,263 20,100 55,650
Held under repurchase agreements(1) 1,986 0 1,986 0 0 0 0 0 0 0 0 0 0
Total U.S. govt. securities 444,045 24,076 165,831 12,852 28,731 34,823 26,891 42,438 15,535 4,856 12,263 20,100 55,650
Total loans and securities 447,904 24,100 169,146 12,865 28,760 34,858 26,925 42,526 15,600 4,956 12,311 20,122 55,735
Items in process of collection 7,512 451 796 236 304 830 767 564 320 630 449 511 1,653
Bank premises 1,294 93 159 50 156 126 77 107 31 131 54 149 160
Other assets(5) 29,220 1,403 8,520 1,287 1,779 3,613 1,794 2,801 769 770 700 1,378 4,405
Interdistrict settlement account 0 -2,322 +17,639 -3 -3,338 -1,378 -555 -3,051 -1,521 +194 +1,037 +1,797 -8,498
TOTAL ASSETS 506,582 24,850 203,685 15,053 28,905 39,688 30,398 44,906 15,919 6,945 15,114 24,905 56,214
1 Does not include U.S. government and federal agency securities resold under matched sale-purchase
transactions to foreign official and international accounts, of which $ 0 was outstanding at the
end of the latest statement week.
2 Includes $ 2,050 million of inflation-indexed securities valued at the original face amount and
$ 40 million of compensation that adjusts for the effects of inflation on the principal of such
securities.
3 Includes $ 800 million of inflation-indexed securities valued at the original face amount and
$ 6 million of compensation that adjusts for the effects of inflation on the principal of such
securities.
4 Net of $ 15,897 million matched sale-purchase transactions outstanding at the end of the latest
statement week. Includes $ 128 million securities loaned--fully secured by U.S. government
securities.
5 Includes assets denominated in foreign currencies, revalued monthly at market exchange rates. Includes
special investment account at Chicago of $ 160 million in Treasury bills maturing within 90 days.
Components may not add to totals due to rounding.
H.4.1 (c)
STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON August 19, 1998
Millions of dollars
Kansas San
Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas Francisco
LIABILITIES
Federal Reserve notes 463,527 22,861 192,132 13,449 26,644 34,800 26,865 40,433 14,729 5,424 13,656 22,590 49,944
Deposits
Depository institutions 14,773 734 2,288 650 899 1,729 1,467 2,198 493 478 536 1,215 2,086
U.S. Treasury--general account 4,372 0 4,372 0 0 0 0 0 0 0 0 0 0
Foreign--official accounts 160 7 45 8 9 22 9 14 3 5 3 7 26
Other 378 1 102 1 9 83 6 161 0 1 10 1 4
Total deposits 19,683 742 6,808 658 918 1,834 1,482 2,373 497 484 549 1,224 2,115
Deferred credit items 6,812 442 712 206 256 572 799 561 260 557 469 348 1,629
Other liabilities and accrued
dividends (1) 4,525 255 1,532 164 287 364 305 440 176 88 158 216 540
TOTAL LIABILITIES 494,547 24,300 201,183 14,478 28,105 37,570 29,452 43,806 15,662 6,553 14,833 24,377 54,228
CAPITAL ACCOUNTS
Capital paid in 5,853 267 1,180 286 391 1,050 471 539 122 196 137 235 979
Surplus 5,220 254 1,055 273 335 818 338 502 122 189 119 271 945
Other capital accounts 962 30 268 16 74 250 136 59 13 7 25 21 62
TOTAL LIABILITIES AND CAPITAL
ACCOUNTS 506,582 24,850 203,685 15,053 28,905 39,688 30,398 44,906 15,919 6,945 15,114 24,905 56,214
FEDERAL RESERVE AGENTS' ACCOUNTS
F.R. notes outstanding 572,949 27,260 234,617 15,798 30,687 41,828 35,409 50,026 17,463 7,173 16,012 29,263 67,412
Less--Held by F.R. Banks 109,422 4,399 42,485 2,349 4,043 7,028 8,543 9,593 2,734 1,749 2,356 6,673 17,468
F.R. notes, net 463,527 22,861 192,132 13,449 26,644 34,800 26,865 40,433 14,729 5,424 13,656 22,590 49,944
Collateral held against F.R. notes
Gold certificate account 11,042
Special drawing rights
certificate account 9,200
Other eligible assets 0
U.S. govt. and agency securities 443,285
Total collateral 463,527
1 Includes exchange translation account reflecting the monthly revaluation at market exchange rates of
foreign exchange commitments.
Components may not add to totals due to rounding.
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Last update: August 20, 1998