Federal Reserve Statistical Release, H.4.1, Factors Affecting Reserve Balances; title with eagle logo links to Statistical Release home page

Release Date:  Novmeber 19, 1998

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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
November 19, 1998
Millions of dollars
  Averages of daily figures
    Change from week ended  
Reserve balances of depository institutions at
F.R. Banks, Reserve Bank credit, and related items
Week ended
Nov 18, 1998
Nov 11, 1998 Nov 19, 1997 Wednesday
Nov 18, 1998
Reserve Bank Credit  (1,2)                                  495,256     +   2,177     +  34,441       494,396 
  U.S. government securities                                         
    Bought outright-system account (3)                      450,434     +      79     +  32,986       451,617 
    Held under repurchase agreements                          4,084     +   2,181     -   3,490         3,630 
  Federal agency obligations                                         
    Bought outright                                             373             0     -     312           373 
    Held under repurchase agreements                          4,215     +   1,027     +   2,912         4,263 
  Acceptances                                                     0             0             0             0 
  Loans to depository institutions                            
                                                              
    Adjustment credit                                            72     +      59     -       1            15 
    Seasonal credit                                              33     -      13     -      77            24 
    Extended credit                                               0             0             0             0 
   Float                                                        496     -     529     -   1,059           486 
   Other F.R. assets                                         35,551     -     625     +   3,482        33,988 
Gold stock                                                  11,042    +       1    -       8       11,041 
Special drawing rights certificate account                    9,200             0             0         9,200 
Treasury currency outstanding                                26,093     +      14     +     498        26,093 
        Total factors supplying reserve funds               541,591     +   2,192     +  34,930       540,730 
                                                     
Currency in circulation*                                    502,563     +   1,584     +  35,372       503,375 
Treasury cash holdings*                                          88     +       1     -     160            98 
Deposits,other than reserve balances,with F.R.Banks                                
  Treasury                                                    4,801     -     454     -     258         4,720 
  Foreign                                                       178     -       7     -      92           214 
  Service-related balances and adjustments (4)                6,778     -      33     -     123         6,778 
  Other                                                         410     -       6     +      64           406 
Other F.R. liabilities and capital                           17,220     -     919     +   1,028        16,859 
        Total factors, other than reserve balances,    
        absorbing reserve funds                       
     532,037     +     166     +  35,833       532,450 
                                                              
Reserve balances with F.R. Banks  (5)                         9,554     +   2,026     -     902         8,280 
                                                                              
On November 18, 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 591,187 million, a change of
+$ 12,257 million for the week. The total includes the face value of U.S. Treasury strips and other zero
coupon bonds.
1 Net of $ 20,429 million daily average, matched sale-purchase transactions outstanding during the
latest statement week, of which a net of $ 20,429 million was with foreign official and international
accounts. Includes securities loaned--fully secured by U.S. government securities.
2 Net of $ 19,345 million matched sale-purchase transactions outstanding at the end of the latest
statement week, of which a net of $ 19,345 million was with foreign official and international
accounts. Includes $ 410 million securities loaned--fully secured U.S. government securities.
3 Includes $ 3,250 million of inflation-indexed securities valued at the original face amount and
$ 61 million of compensation that adjusts for the effects of inflation on the principal of such
securities.
4 Consists of required clearing balances of $ 6,562 million and adjustments of $ 216 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
ASSETS * Wednesday
Nov 18, 1998
Wednesday
Nov 11, 1998
Wednesday
Nov 19, 1997
Gold certificate account                                         11,041                 0         -       9 
Special drawing rights certificate account                        9,200                 0                 0 
Coin                                                                404         -       4         -     106 
                                                
Loans                                                                39         +       1         -     553 
Acceptances                                                           0                 0                 0 
Federal agency obligations                            
  Bought outright                                                   373                 0         -     312 
  Held under repurchase agreements (1)                            4,263         +     658         +   1,662 
U.S. government securities                          
  Bought outright--Bills                                        196,355         -   1,402         +     305 
                   Notes (2)                                    186,646         +     440         +  21,406 
                   Bonds (3)                                     68,617         +     915         +  11,378 
    Total bought outright (4)                                   451,617         -      48         +  33,089 
  Held under repurchase agreements (1)                            3,630         +   2,690         -   3,722 
     Total U.S. government securities                           455,247         +   2,642         +  29,367 
       Total loans and securities                               459,922         +   3,300         +  30,164 
     
Items in process of collection                      (620)         8,747         -   1,624         +   1,668 
Bank premises                                                     1,295                 0         +      18 
Other assets (5)                                                 32,744         -   2,215         +   3,588 
                TOTAL ASSETS                        (620)       523,352         -     542         +  35,323 
     
                LIABILITIES                           
Federal Reserve notes                                           477,785         +     277         +  34,876 
Deposits                                           
  Depository institutions                                        15,691         +   1,504         -   2,421 
  U.S. Treasury--general account                                  4,720         -     551         +     594 
  Foreign--official accounts                                        214         +      57         +      34 
    Other                                                           406         +      16         +      64 
      Total deposits                                             21,030         +   1,027         -   1,729 
Deferred availability cash items                    (620)         7,678         -     447         +   1,243 
Other liabilities and accrued dividends (6)                       4,471         +     116         -     460 
                TOTAL LIABILITIES                   (620)       510,965         +     973         +  33,930 
                                                
                CAPITAL ACCOUNTS                     
Capital paid in                                                   5,935         +       3         +     650 
Surplus                                                           5,220                 0         +     832 
Other capital accounts                                            1,232         -   1,518         -      89 
 
*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 $ 2,450 million of inflation-indexed securities valued at the original face amount and
$ 53 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
$ 9 million of compensation that adjusts for the effects of inflation on the principal of such
securities.
4 Net of $ 19,345 million matched sale-purchase transactions outstanding at the end of the latest
statement week. Includes $ 410 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 $ 175 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, November 18, 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
securities (1)
Federal agency
obligations
  Loans Acceptances   Holdings Weekly
changes
Holdings Weekly
changes
Within 15 days   37  Within 15 days       13,692  -   3,948   4,268  +     658 
16 to 90 days     2  16 to 90 days        96,249  +   1,147      32          0 
Over 90 days      0  91 days to 1 year   139,064  +   4,757     100          0 
                        Over 1 to 5 years   107,327  -     584      51          0 
                        Over 5 to 10 years   43,947  +   1,913     185          0 
                        Over 10 years        54,968  -     643       0          0 
    Total        39      Total           455,247  +   2,642   4,636  +     658 
 
1 Includes $ 3,250 million of inflation-indexed securities valued at the original face amount and
$ 61 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 November 18, 1998
Millions of dollars
ASSETS Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas
City
Dallas San
Francisco
Gold certificate account                      11,041         582       4,201         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                                             404          26          20          17          18          46          58          49          21          15          31          45          57 
                                                               
Loans                                             39           0           0           0           0           0           0           2           7           5          10           0          15 
Acceptances                                        0           0           0           0           0           0           0           0           0           0           0           0           0 
Federal agency obligations                                   
  Bought outright                                373          20         138          11          24          29          23          36          13           4          10          17          47 
  Held under repurchase agreements(1)          4,263           0       4,263           0           0           0           0           0           0           0           0           0           0 
U.S. government securities                                         
  Bought outright--Bills                     196,355      10,694      72,777       5,709      12,762      15,468      11,944      18,850       6,900       2,157       5,447       8,928      24,719 
                   Notes (2)                 186,646      10,165      69,178       5,426      12,131      14,703      11,354      17,918       6,559       2,050       5,178       8,487      23,496 
                   Bonds (3)                  68,617       3,737      25,432       1,995       4,460       5,405       4,174       6,587       2,411         754       1,903       3,120       8,638 
     Total bought outright(4)                451,617      24,596     167,388      13,130      29,352      35,576      27,472      43,356      15,870       4,961      12,528      20,534      56,853 
  Held under repurchase agreements(1)          3,630           0       3,630           0           0           0           0           0           0           0           0           0           0 
     Total U.S. govt. securities             455,247      24,596     171,018      13,130      29,352      35,576      27,472      43,356      15,870       4,961      12,528      20,534      56,853 
       Total loans and securities            459,922      24,617     175,419      13,141      29,376      35,605      27,495      43,393      15,891       4,971      12,548      20,551      56,915 
                                                               
Items in process of collection                 9,367         672       1,390         426         483         554       1,242         580         116         890         606         495       1,913 
Bank premises                                  1,295          93         158          50         156         125          80         107          31         131          54         149         161 
Other assets(5)                               32,744       1,553       9,746       1,428       1,980       4,001       1,998       3,110         848         859         773       1,531       4,915 
Interdistrict settlement account                   0      -1,932     +15,705      +1,076      -4,055      +1,872      -2,481      -1,973      -1,657        +351        +705      +2,631     -10,241 
          TOTAL ASSETS                       523,973      26,140     209,841      16,745      29,175      43,803      29,711      47,165      15,948       7,468      15,252      26,298      56,427 
 

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 $ 2,450 million of inflation-indexed securities valued at the original face amount and
$ 53 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
$ 9 million of compensation that adjusts for the effects of inflation on the principal of such
securities.
4 Net of $ 19,345 million matched sale-purchase transactions outstanding at the end of the latest
statement week. Includes $ 410 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 $ 175 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 November 18, 1998
Millions of dollars
LIABILITIES Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas
City
Dallas San
Francisco
Federal Reserve notes                        477,785      24,052     196,749      15,183      26,277      38,933      26,192      42,542      14,421       5,616      13,749      23,958      50,113  
Deposits                                                          
  Depository institutions                     15,691         801       3,041         668       1,356       1,190       1,269       2,210         768         680         569       1,243       1,894  
  U.S. Treasury--general account               4,720           0       4,720           0           0           0           0           0           0           0           0           0           0  
  Foreign--official accounts                     214           7          99           8           9          22           9          14           3           5           3           7          26  
  Other                                          406           0         103           0           3          85          12         178           4           3          11           2           5  
    Total deposits                            21,031         808       7,963         675       1,368       1,297       1,291       2,403         776         688         584       1,253       1,925  
Deferred credit items                          8,298        474       1,037        228         419        716       1,060        651         326        669         475        362       1,882  
Other liabilities and accrued             
  dividends (1)                           
    4,471         248       1,513         162         288         368         300         429         174          88         155         212         534  
    TOTAL LIABILITIES                        511,585      25,582     207,263      16,248      28,352      41,314  ;    28,842      46,025      15,697       7,060      14,962      25,785      54,455  
 
       CAPITAL ACCOUNTS                                            
Capital paid in                                5,935         268       1,202         211         398       1,236         419         551         119         202         138         223         968  
Surplus                                        5,220         254       1,055         273         335         818         338         502         122         189         119         271         945  
Other capital accounts                         1,232          37         321          13          89         435         112          87          11          18          33          19          59  
     TOTAL LIABILITIES AND CAPITAL        
        ACCOUNTS                          
  523,973      26,140     209,841      16,745      29,175      43,803      29,711      47,165      15,948       7,468      15,252      26,298      56,427  
              
FEDERAL RESERVE AGENTS' ACCOUNTS                                    
F.R. notes outstanding                       597,997      28,832     240,607      17,837      30,343      48,166      37,291      53,313      17,123       7,448      16,789      32,324      67,922  
  Less--Held by F.R. Banks                   120,212       4,780      43,858       2,654       4,066       9,234      11,100      10,771       2,702       1,832       3,041       8,366      17,809  
  F.R. notes, net                            477,785      24,052     196,749      15,183      26,277      38,933      26,192      42,542      14,421       5,616      13,749      23,958      50,113  
Collateral held against F.R. notes                          
   Gold certificate account                   11,041                    
   Special drawing rights                 
     certificate account                  
 
    9,200  
                
   Other eligible assets                           0                  
   U.S. govt. and agency securities          457,544                  
     Total collateral                        477,785                  
 
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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