Federal Reserve Statistical Release, H.4.1, Factors Affecting Reserve Balances; title with eagle logo links to Statistical Release home page
Release Date:  June 12, 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
June 12, 2003
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
Jun 11, 2003
Week ended
Jun 11, 2003
Change from week ended
Jun 4, 2003 Jun 12, 2002
                                                              
Reserve Bank Credit                                         713,231     -   3,690     +  62,941       722,100 
 Securities held outright                                   651,585     +     383     +  62,515       651,613 
    U.S. Treasury (1)                                       651,575     +     383     +  62,515       651,603 
       Bills (2)                                            238,400     +     390     +  43,339       238,430 
       Notes and bonds, nominal (2)                         398,853             0     +  17,619       398,853 
       Notes and bonds, inflation-indexed (2)                12,814             0     +   1,212        12,814 
       Inflation compensation (3)                             1,508     -       6     +     345         1,505 
    Federal agency (2)                                           10             0             0            10 
 Repurchase agreements(4)                                    23,286     -   4,527     -     650        32,500 
 Loans to depository institutions                                62     -      14     -      49            65 
    Primary credit                                                2     -      10     +       2             0 
    Secondary credit                                              0             0             0             0 
    Seasonal credit                                              61     -       3     -      45            64 
    Adjustment credit                                             0             0     -       5             0 
 Float                                                         -76    +     241    +     148         -667 
 Other Federal Reserve assets                                38,374     +     226     +     977        38,589 
Gold stock                                                   11,044             0             0        11,044 
Special drawing rights certificate account                    2,200             0             0         2,200 
Treasury currency outstanding (5)                            35,902     +      14     +   2,000        35,902 
                                                              
Total factors supplying reserve funds                       762,377     -   3,676     +  64,941       771,246 
                                                                          
Currency in circulation(5)                                  693,094     -     756     +  38,696       693,985 
Reverse repurchase agreements (6)                            20,816     -   1,171     +  20,816        21,211 
   Foreign official and international accounts               20,816     -     992     +  20,816        21,211 
   Dealers                                                        0     -     179             0             0 
Treasury cash holdings                                          385     +       9     -      26           381 
Deposits with F.R.Banks, other than reserve balances         17,773     -      69     +   2,157        17,222 
  U.S. Treasury, general account                              6,515     +      28     +   1,226         6,031 
  Foreign official                                              139     +      16     +      54            80 
  Service-related                                            10,878     -     125     +     874        10,878 
     Required clearing balances                              10,833             0     +   1,023        10,833 
     Adjustments to compensate for float                         45     -     125     -     149            45 
  Other                                                         241     +      12     +       3           233 
Other liabilities and capital                                20,190     +     200     +     441        20,119 
                                                              
Total factors, other than reserve balances,                                                       
   absorbing reserve funds                                  752,258     -   1,787     +  62,084       752,917 
                                                              
Reserve balances with Federal Reserve Banks                  10,119     -   1,889     +   2,857        18,329 
                                                                          
                                                              
Memo (off-balance-sheet items):                               
  Marketable securities held in custody for foreign           
         official and international accounts(2,7)           935,466     +   2,097      ------         936,154 
     U.S. Treasury                                          746,591     +   3,072      ------         749,192 
     Federal agency                                         188,875     -     975      ------         186,962 
  Securities lent to dealers                                    767     -      47     +     505           318 
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
Assets, liabilities, and capital Eliminations
from
consolidation
  Change Since
Wednesday
Jun 11, 2003
Wednesday
Jun 4, 2003
Wednesday
Jun 12, 2002
Assets                                               
Gold certificate account                                         11,040                 0         -       4 
Special drawing rights certificate account                        2,200                 0                 0 
Coin                                                                926         +      17         -       6 
Securities, repurchase agreements, and loans                    684,177         +  13,700         +  60,163 
   Securities held outright                                     651,613         +     200         +  62,207 
      U.S. Treasury (1)                                         651,603         +     200         +  62,207 
         Bills (2)                                              238,430         +     207         +  43,041 
         Notes and bonds, nominal (2)                           398,853                 0         +  17,619 
         Notes and bonds, inflation-indexed (2)                    12,814                 0         +   1,212 
         Inflation compensation (3)                               1,505         -       7         +     334 
      Federal agency (2)                                             10                 0                 0 
   Repurchase agreements (4)                                     32,500         +  13,500         -   2,000 
   Loans                                                             65                 0         -      42 
Items in process of collection                    (1,061)         7,231         -   2,652         -     509 
Bank premises                                                     1,579                 0         +      63 
Other assets (5)                                                 37,010         +     505         +     980 
      Total assets                                (1,061)       744,164         +  11,570         +  60,688 
                                                     
Liabilities                                          
Federal Reserve notes net of FR Bank holdings                  659,386         -     692         +  35,933 
Reverse repurchase agreements (6)                                21,211         -     462         +  21,211 
Deposits                                              (0)        35,693         +  13,501         +   2,684 
  Depository institutions                                        29,349         +  13,602         +   1,419 
  U.S. Treasury, general account                                  6,031         -      95         +   1,304 
  Foreign official                                                   80         +       3         -      29 
  Other                                               (0)           233         -      10         -      10 
Deferred availability cash items                  (1,061)         7,755         -   1,060         +     270 
Other liabilities and accrued dividends (7)                       2,355         +      50         -     208 
      Total liabilities                           (1,061)       726,400         +  11,337         +  59,890 
                                                     
Capital Accounts                                     
Capital paid in                                                   8,656         +      72         +     362 
Surplus                                                           8,380                 0         +   1,068 
Other capital accounts                                              728         +     162         -     632 
      Total capital                                              17,764         +     234         +     798 
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, June 11, 2003
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              20        45,561    -     240             0            0        27,500        21,211
16 days to 90 days          45       143,282    -     627             0            0         5,000             0
91 days to 1 year            0       155,918    +   1,073            10            0      ------       ------   
Over 1 to 5 years     ------         180,191    -       2             0            0      ------       ------   
Over 5 to 10 years    ------          46,668    -       2             0            0      ------       ------   
Over 10 years         ------          79,982    -       3             0            0      ------       ------   
           
All                         65       651,603    +     200            10            0        32,500       21,211 
 
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 June 11, 2003
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                      11,040         495       4,707         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                                             926          44          37          61          38         117          99         116          53          36          64         150         111 
Securities, repurchase agreements,                                 
      and loans                              684,177      31,504     311,281      20,373      30,533      50,111      44,025      65,859      20,518      14,562      17,516      25,539      52,355 
   Securities held outright                  651,613      31,503     278,781      20,372      30,533      50,111      44,020      65,846      20,501      14,545      17,512      25,536      52,353 
      U.S. Treasury (1)                      651,603      31,502     278,777      20,372      30,533      50,110      44,020      65,845      20,500      14,545      17,511      25,536      52,353 
         Bills (2)                           238,430      11,527     102,008       7,454      11,172      18,336      16,107      24,093       7,501       5,322       6,408       9,344      19,156 
         Notes and bonds(3)                  413,173      19,975     176,768      12,917      19,360      31,774      27,912      41,751      12,999       9,223      11,104      16,192      33,196 
         Federal agency (2)                       10           0           4           0           0           1           1           1           0           0           0           0           1 
      Repurchase agreements(4)                32,500           0      32,500           0           0           0           0           0           0           0           0           0           0 
      Loans                                       65           2           0           0           0           0           5          14          17          18           5           3           2 
Items in process of collection                 8,292         465         620         386         335         646         783         699         467         382         604         240       2,665 
Bank premises                                  1,579          91         185          52         152         143         278         117          43         126          51         164         176 
Other assets(5)                               37,010       1,712      13,269       1,025       2,321       5,912       2,151       3,439         954       1,115         885       1,049       3,176 
Interdistrict settlement account                   0     - 2,807     +12,169     - 3,097     - 2,466     - 1,391     - 2,118     - 6,459     - 1,151     -   450     +    77     + 3,341     + 4,352 
          Total Assets                       745,224      31,619     343,143      19,263      31,494      56,494      46,248      64,965      21,286      16,026      19,566      31,088      64,033 
 
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 June 11, 2003
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             762,447      31,916     332,783      24,213      30,989      55,252      60,510      63,581      22,722      15,314      21,278      34,885      69,005 
  Less: notes held by F.R. Banks              103,061       4,351      23,479       7,431       4,033       7,947      19,574       6,998       3,608       1,490       4,041       6,522      13,587 
    Federal Reserve notes, net                659,386      27,565     309,304      16,782      26,956      47,305      40,935      56,583      19,114      13,824      17,236      28,364      55,418 
Reverse repurchase agreements (1)              21,211       1,025       9,075         663         994       1,631       1,433       2,143         667         473         570         831       1,704 
Deposits                                       35,693       1,419      19,175         664       1,561       2,430       1,765       3,323         659         558         825         959       2,355 
  Depository institutions                      29,349       1,417      12,930         663       1,558       2,354       1,763       3,319         656         556         824         958       2,352 
  U.S. Treasury, general account                6,031           0       6,031           0           0           0           0           0           0           0           0           0           0 
  Foreign official                                 80           2          56           1           3           7           2           3           1           1           1           1           3 
  Other                                           233           0         157           0           1          69           0           0           2           0           1           0           0 
Deferred availability cash items                8,816         559         874         540         429         639         944         835         275         373         443         428       2,476 
Other liabilities and accrued                                                 
  dividends (2)                                 2,355         135         729          96         130         271         182         233         101          93          89         110         187 
                                                                    
    Total liabilities                         727,460      30,704     339,156      18,746      30,071      52,276      45,259      63,117      20,817      15,321      19,163      30,692      62,140 
                                                                    
Capital                                                             
Capital paid in                                 8,656         446       1,893         251         693       2,081         477         903         228         347         191         190         956 
Surplus                                         8,380         436       1,809         233         702       2,073         475         858         199         340         201         186         868 
Other capital                                     728          33         285          33          28          64          36          87          43          18          11          20          69 
     Total liabilities and capital            745,224      31,619     343,143      19,263      31,494      56,494      46,248      64,965      21,286      16,026      19,566      31,088      64,033 
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
Jun 11, 2003
Federal Reserve notes outstanding          762,447  
   Less: Notes held by F.R. Banks         
         not subject to collateralization    98,811  
      Federal Reserve Notes to be         
         collateralized                    663,636  
Collateral held against Federal Reserve             
   notes                                   663,636  
   Gold certificate account                 11,040  
   Special drawing rights                 
     certificate account                     2,200  
   U.S. Treasury and agency securities    
     pledged (1)                           650,396  
   Other eligible assets                         0  
                                          
Memo:                                     
Total U.S. Treasury and agency            
       securities (1)                      684,113  
   Less:face value of securities under    
         reverse repurchase agreements      21,222  
      U.S. Treasury and agency securities  
             eligible to be pledged        662,891  
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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