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

Release Date:  December 03, 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
December 3, 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
Dec 2, 1998
Nov 25, 1998 Dec 3, 1997 Wednesday
Dec 2, 1998
Reserve Bank Credit  (1,2)                                  501,454     +   7,276     +  34,394       498,928 
  U.S. government securities                                         
    Bought outright-system account (3)                      454,398     +   1,572     +  34,456       454,213 
    Held under repurchase agreements                          5,714     +   2,709     -   6,862         5,020 
  Federal agency obligations                                         
    Bought outright                                             368     -       4     -     317           368 
    Held under repurchase agreements                          5,291     +   2,600     +   3,125         2,967 
  Acceptances                                                     0             0             0             0 
  Loans to depository institutions                            
                                                              
    Adjustment credit                                            34     -      50     -      10           111 
    Seasonal credit                                              16     -       7     -      74            13 
    Extended credit                                               0             0             0             0 
   Float                                                        728     +      77     +     362         1,690 
   Other F.R. assets                                         34,905     +     378     +   3,713        34,547 
Gold stock                                                  11,040    -       1    -      10       11,041 
Special drawing rights certificate account                    9,200             0             0         9,200 
Treasury currency outstanding                                26,121     +      14     +     523        26,121 
        Total factors supplying reserve funds               547,815     +   7,290     +  34,906       545,289 
                                                     
Currency in circulation*                                    506,913     +   3,048     +  35,043       507,669 
Treasury cash holdings*                                         100     +       1     -     134           100 
Deposits,other than reserve balances,with F.R.Banks                                
  Treasury                                                    5,304     +     279     +     542         4,382 
  Foreign                                                       207     +      27     +      33           171 
  Service-related balances and adjustments (4)                7,212     +     417     +      35         7,212 
  Other                                                         363     -      26     -      47           360 
Other F.R. liabilities and capital                           16,804     -     238     +   1,202        16,253 
        Total factors, other than reserve balances,    
        absorbing reserve funds                       
     536,903     +   3,509     +  36,674       536,146 
                                                              
Reserve balances with F.R. Banks  (5)                        10,912     +   3,780     -   1,768         9,143 
                                                                              
On December 2, 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 595,379 million, a change of
-$ 778 million for the week. The total includes the face value of U.S. Treasury strips and other zero
coupon bonds.
1 Net of $ 18,660 million daily average, matched sale-purchase transactions outstanding during the
latest statement week, of which a net of $ 18,660 million was with foreign official and international
accounts. Includes securities loaned--fully secured by U.S. government securities.
2 Net of $ 18,846 million matched sale-purchase transactions outstanding at the end of the latest
statement week, of which a net of $ 18,846 million was with foreign official and international
accounts. Includes $ 50 million securities loaned--fully secured U.S. government securities.
3 Includes $ 3,687 million of inflation-indexed securities valued at the original face amount and
$ 71 million of compensation that adjusts for the effects of inflation on the principal of such
securities.
4 Consists of required clearing balances of $ 6,548 million and adjustments of $ 664 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
Dec 2, 1998
Wednesday
Nov 25, 1998
Wednesday
Dec 3, 1997
Gold certificate account                                         11,041         +       1         -      10 
Special drawing rights certificate account                        9,200                 0                 0 
Coin                                                                377         -      22         -     106 
                                                
Loans                                                               124         -      22         -      67 
Acceptances                                                           0                 0                 0 
Federal agency obligations                            
  Bought outright                                                   368                 0         -     317 
  Held under repurchase agreements (1)                            2,967         -   1,695         +   1,942 
U.S. government securities                          
  Bought outright--Bills                                        196,853         -     313         +   2,549 
                   Notes (2)                                    187,888         +       1         +  20,718 
                   Bonds (3)                                     69,472                 0         +  11,279 
    Total bought outright (4)                                   454,213         -     312         +  34,545 
  Held under repurchase agreements (1)                            5,020         +   1,190         -  12,927 
     Total U.S. government securities                           459,233         +     878         +  21,618 
       Total loans and securities                               462,691         -     839         +  23,176 
     
Items in process of collection                      (497)         9,257         +   1,626         +   1,073 
Bank premises                                                     1,294         -       1         +      30 
Other assets (5)                                                 33,330         -     830         +   3,302 
                TOTAL ASSETS                        (497)       527,190         -      66         +  27,466 
     
                LIABILITIES                           
Federal Reserve notes                                           482,025         +     925         +  34,100 
Deposits                                           
  Depository institutions                                        16,130         -     574         -   8,746 
  U.S. Treasury--general account                                  4,382         -     499         +     171 
  Foreign--official accounts                                        171         -      81         -       2 
    Other                                                           360         +       4         +      30 
      Total deposits                                             21,043         -   1,150         -   8,547 
Deferred availability cash items                    (497)         7,869         +     758         +   1,043 
Other liabilities and accrued dividends (6)                       4,376         -      51         -     523 
                TOTAL LIABILITIES                   (497)       515,314         +     482         +  26,072 
                                                
                CAPITAL ACCOUNTS                     
Capital paid in                                                   5,936         +      28         +     621 
Surplus                                                           5,209         -      11         +     823 
Other capital accounts                                              732         -     564         -      50 
 
*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 $ 2,867 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.
3 Includes $ 820 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 $ 18,846 million matched sale-purchase transactions outstanding at the end of the latest
statement week. Includes $ 50 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 $ 110 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, December 2, 1998
Acceptances and securities held under repurchase agreements are classified as maturing within 15 days in
accordance with maximum maturity 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  111  Within 15 days       13,380  -   1,250   2,997  -   1,695 
16 to 90 days    12  16 to 90 days        99,594  +   3,090       2          0 
Over 90 days      0  91 days to 1 year   138,427  -     457     100          0 
                        Over 1 to 5 years   107,348  -     507      51          0 
                        Over 5 to 10 years   44,818  +       1     185          0 
                        Over 10 years        55,667          0       0          0 
    Total       124      Total           459,233  +     878   3,335  -   1,695 
 
1 Includes $ 3,687 million of inflation-indexed securities valued at the original face amount and
$ 71 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 December 2, 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                                             377          26          19          21          15          48          50          43          18          14          27          41          55 
                                                               
Loans                                            124           0           1           0           0           8         100           1           2           4           8           0           0 
Acceptances                                        0           0           0           0           0           0           0           0           0           0           0           0           0 
Federal agency obligations                                   
  Bought outright                                368          20         136          11          24          29          22          35          13           4          10          17          46 
  Held under repurchase agreements(1)          2,967           0       2,967           0           0           0           0           0           0           0           0           0           0 
U.S. government securities                                         
  Bought outright--Bills                     196,853      10,721      72,962       5,723      12,794      15,507      11,975      18,898       6,918       2,163       5,461       8,951      24,781 
                   Notes (2)                 187,888      10,233      69,639       5,463      12,211      14,801      11,429      18,038       6,603       2,064       5,212       8,543      23,653 
                   Bonds (3)                  69,472       3,784      25,749       2,020       4,515       5,473       4,226       6,669       2,441         763       1,927       3,159       8,746 
     Total bought outright(4)                454,213      24,737     168,350      13,206      29,521      35,780      27,630      43,605      15,962       4,990      12,600      20,652      57,180 
  Held under repurchase agreements(1)          5,020           0       5,020           0           0           0           0           0           0           0           0           0           0 
     Total U.S. govt. securities             459,233      24,737     173,370      13,206      29,521      35,780      27,630      43,605      15,962       4,990      12,600      20,652      57,180 
       Total loans and securities            462,691      24,757     176,474      13,216      29,544      35,817      27,753      43,641      15,976       4,998      12,618      20,669      57,226 
                                                               
Items in process of collection                 9,754         598         853         453         476         796       1,638         841         412         736         451         522       1,977 
Bank premises                                  1,294          93         158          50         155         125          81         107          31         131          54         148         162 
Other assets(5)                               33,330       1,549      10,487       1,479       1,978       3,953       1,994       3,036         856         840         771       1,524       4,864 
Interdistrict settlement account                   0      -1,087     +13,278      +1,069      -4,749      +2,177      -1,226      -2,208      -1,932        +488      +1,096      +2,658      -9,565 
          TOTAL ASSETS                       527,687      27,049     208,671      16,893      28,637      44,515      31,609      47,358      16,060       7,458      15,553      26,460      57,424 
 

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 $ 2,867 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.
3 Includes $ 820 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 $ 18,846 million matched sale-purchase transactions outstanding at the end of the latest
statement week. Includes $ 50 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 $ 110 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 December 2, 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                        482,025      24,785     195,976      15,341      26,160      39,813      27,898      43,131      14,557       5,700      13,894      23,935      50,833  
Deposits                                                          
  Depository institutions                     16,130       1,012       3,396         643       1,025       1,177       1,399       1,943         685         568         707       1,440       2,136  
  U.S. Treasury--general account               4,382           0       4,382           0           0           0           0           0           0           0           0           0           0  
  Foreign--official accounts                     171           7          56           8           9          22           9          14           3           5           3           7          26  
  Other                                          360           0         104           2           1          71          15         111          17          12          21           1           6  
    Total deposits                            21,043       1,019       7,937         653       1,036       1,270       1,423       2,068         705         585         731       1,449       2,168  
Deferred credit items                          8,366        475         812        306         372        652       1,170        634         381        698         503        368       1,994  
Other liabilities and accrued             
  dividends (1)                           
    4,376         242       1,467         156         287         382         297         419         173          85         153         208         507  
    TOTAL LIABILITIES                        515,810      26,521     206,193      16,456      27,855      42,116  ;    30,789      46,252      15,817       7,068      15,281      25,960      55,502  
 
       CAPITAL ACCOUNTS                                            
Capital paid in                                5,936         268       1,208         175         398       1,237         419         576         120         202         138         223         971  
Surplus                                        5,209         254       1,055         263         335         818         338         502         122         188         119         270         945  
Other capital accounts                           732           6         216           0          48         344          62          27           1           0          15           6           7  
     TOTAL LIABILITIES AND CAPITAL        
        ACCOUNTS                          
  527,687      27,049     208,671      16,893      28,637      44,515      31,609      47,358      16,060       7,458      15,553      26,460      57,424  
              
FEDERAL RESERVE AGENTS' ACCOUNTS                                    
F.R. notes outstanding                       603,378      29,282     240,553      18,124      29,993      49,149      39,239      53,530      17,098       7,488      16,777      33,658      68,489  
  Less--Held by F.R. Banks                   121,353       4,497      44,577       2,783       3,833       9,335      11,341      10,399       2,540       1,788       2,882       9,723      17,655  
  F.R. notes, net                            482,025      24,785     195,976      15,341      26,160      39,813      27,898      43,131      14,557       5,700      13,894      23,935      50,833  
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          461,785                  
     Total collateral                        482,025                  
 
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: December 03, 1998