Federal Reserve Statistical Release, H.4.1, Factors Affecting Reserve Balances; title with eagle logo links to Statistical Release home page
Release Date:  September 25, 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
September 25, 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
Sep 24, 2003
Week ended
Sep 24, 2003
Change from week ended
Sep 17, 2003 Sep 25, 2002
                                                              
Reserve Bank Credit                                         717,608     -   4,068     +  61,686       720,501 
 Securities held outright                                   655,990     +     223     +  50,738       656,003 
    U.S. Treasury (1)                                       655,980     +     223     +  50,738       655,993 
       Bills (2)                                            241,402     +     219     +  38,137       241,414 
       Notes and bonds, nominal (2)                         399,595             0     +  11,029       399,595 
       Notes and bonds, inflation-indexed (2)                13,454             0     +   1,212        13,454 
       Inflation compensation (3)                             1,529     +       4     +     361         1,530 
    Federal agency (2)                                           10             0             0            10 
 Repurchase agreements(4)                                    22,286     -   5,607     +  10,072        26,000 
 Loans to depository institutions                               236     +      74     +      67           341 
    Primary credit                                               73     +      69     +      73           172 
    Secondary credit                                              0             0             0             0 
    Seasonal credit                                             163     +       5     -       5           170 
    Adjustment credit                                             0             0     -       1             0 
 Float                                                         288    +     521    +     241         -971 
 Other Federal Reserve assets                                38,809     +     722     +     570        39,128 
Gold stock                                                   11,043             0     +       1        11,043 
Special drawing rights certificate account                    2,200             0             0         2,200 
Treasury currency outstanding (5)                            35,233     +      14     +     935        35,233 
                                                              
Total factors supplying reserve funds                       766,084     -   4,054     +  62,622       768,977 
                                                                          
Currency in circulation(5)                                  695,933     -     255     +  36,220       697,361 
Reverse repurchase agreements (6)                            20,545     +     100     +  20,545        18,801 
   Foreign official and international accounts               20,545     +     100     +  20,545        18,801 
   Dealers                                                        0             0             0             0 
Treasury cash holdings                                          336     +       3     -      36           341 
Deposits with F.R.Banks, other than reserve balances         19,406     +   1,342     +   2,014        18,674 
  U.S. Treasury, general account                              7,540     +   1,456     +     708         6,837 
  Foreign official                                              102     -     127     +      22            82 
  Service-related                                            11,494     +      13     +   1,249        11,494 
     Required clearing balances                              11,226     +       7     +   1,287        11,226 
     Adjustments to compensate for float                        268     +       6     -      38           268 
  Other                                                         270     +       1     +      36           262 
Other liabilities and capital                                20,755     +     167     +   1,332        20,648 
                                                              
Total factors, other than reserve balances,                                                       
   absorbing reserve funds                                  756,975     +   1,357     +  60,076       755,826 
                                                              
Reserve balances with Federal Reserve Banks                   9,109     -   5,410     +   2,546        13,151 
                                                                          
                                                              
Memo (off-balance-sheet items):                               
  Marketable securities held in custody for foreign           
         official and international accounts(2,7)           963,357     -   1,111      ------         968,067 
     U.S. Treasury                                          774,795     -      22      ------         775,698 
     Federal agency                                         188,561     -   1,090      ------         192,369 
  Securities lent to dealers                                    615     -     942     +     147           809 
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
Sep 24, 2003
Wednesday
Sep 17, 2003
Wednesday
Sep 25, 2002
Assets                                               
Gold certificate account                                         11,039                 0         +       1 
Special drawing rights certificate account                        2,200                 0                 0 
Coin                                                                849         +       1         -     217 
Securities, repurchase agreements, and loans                    682,345         -   3,022         +  60,412 
   Securities held outright                                     656,003         +      50         +  49,745 
      U.S. Treasury (1)                                         655,993         +      50         +  49,745 
         Bills (2)                                              241,414         +      47         +  37,145 
         Notes and bonds, nominal (2)                           399,595                 0         +  11,029 
         Notes and bonds, inflation-indexed (2)                    13,454                 0         +   1,212 
         Inflation compensation (3)                               1,530         +       4         +     360 
      Federal agency (2)                                             10                 0                 0 
   Repurchase agreements (4)                                     26,000         -   3,250         +  10,500 
   Loans                                                            341         +     176         +     166 
Items in process of collection                    (1,121)         6,535         -     622         -     323 
Bank premises                                                     1,595         +       4         +      73 
Other assets (5)                                                 37,521         +     888         +     559 
      Total assets                                (1,121)       742,084         -   2,751         +  60,506 
                                                     
Liabilities                                          
Federal Reserve notes net of FR Bank holdings                  663,314         +     387         +  35,411 
Reverse repurchase agreements (6)                                18,801         -     171         +  18,801 
Deposits                                              (0)        32,208         -   2,615         +   4,737 
  Depository institutions                                        25,027         -   2,007         +   5,072 
  U.S. Treasury, general account                                  6,837         -     410         -     372 
  Foreign official                                                   82         -     188         +       7 
  Other                                               (0)           262         -      10         +      30 
Deferred availability cash items                  (1,121)         7,112         -     777         +     185 
Other liabilities and accrued dividends (7)                       2,245         +      41         -     187 
      Total liabilities                           (1,121)       723,681         -   3,134         +  58,946 
                                                     
Capital Accounts                                     
Capital paid in                                                   8,758         +       3         +     504 
Surplus                                                           8,380                 0         +   1,068 
Other capital accounts                                            1,265         +     380         -      13 
      Total capital                                              18,403         +     382         +   1,559 
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, September 24, 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             311        52,428    -     236             0            0        26,000        18,801
16 days to 90 days          30       137,309    +   1,361            10            0             0             0
91 days to 1 year            0       159,492    -   1,077             0            0      ------       ------   
Over 1 to 5 years     ------         178,020    +       1             0            0      ------       ------   
Over 5 to 10 years    ------          51,658    +       2             0            0      ------       ------   
Over 10 years         ------          77,088    +       2             0            0      ------       ------   
           
All                        341       655,993    +      50            10            0        26,000       18,801 
 
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 September 24, 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                      11,039         495       4,706         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                                             849          28          34          41          34         102         112         106          58          27          50         157          99 
Securities, repurchase agreements,                                 
      and loans                              682,345      31,715     306,659      20,512      30,739      50,449      44,477      66,331      20,669      14,704      17,652      25,710      52,728 
   Securities held outright                  656,003      31,715     280,659      20,509      30,739      50,449      44,317      66,289      20,639      14,643      17,630      25,709      52,706 
      U.S. Treasury (1)                      655,993      31,714     280,655      20,509      30,738      50,448      44,316      66,288      20,638      14,643      17,629      25,708      52,705 
         Bills (2)                           241,414      11,671     103,285       7,548      11,312      18,565      16,309      24,395       7,595       5,389       6,488       9,461      19,396 
         Notes and bonds(3)                  414,579      20,043     177,370      12,961      19,426      31,882      28,007      41,893      13,043       9,254      11,142      16,247      33,309 
         Federal agency (2)                       10           0           4           0           0           1           1           1           0           0           0           0           1 
      Repurchase agreements(4)                26,000           0      26,000           0           0           0           0           0           0           0           0           0           0 
      Loans                                      341           0           0           3           0           0         160          42          31          61          22           1          22 
Items in process of collection                 7,656         438         564         347         416         599         616         603         356         400         502         508       2,307 
Bank premises                                  1,595          91         190          52         152         143         278         120          43         126          54         170         176 
Other assets(5)                               37,521       1,731      13,451       1,106       2,342       5,981       2,167       3,487         960       1,121         892       1,065       3,218 
Interdistrict settlement account                   0     - 1,888     + 2,349     - 1,189     - 2,530     - 1,129     +   842     - 3,308     - 1,496     -   406     -   549     + 1,879     + 7,426 
          Total Assets                       743,205      32,726     328,827      21,333      31,734      57,100      49,521      68,533      20,992      16,226      18,969      30,093      67,151 
 
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 September 24, 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             787,589      34,308     329,912      27,758      33,063      58,810      64,602      66,775      23,646      15,828      21,641      35,743      75,502 
  Less: notes held by F.R. Banks              124,274       5,465      26,431       8,993       5,825      10,328      20,083       9,934       4,807       1,754       4,960       8,048      17,647 
    Federal Reserve notes, net                663,314      28,843     303,481      18,765      27,238      48,482      44,519      56,841      18,839      14,074      16,681      27,696      57,855 
Reverse repurchase agreements (1)              18,801         909       8,044         588         881       1,446       1,270       1,900         592         420         505         737       1,511 
Deposits                                       32,208       1,440      11,426         884       1,489       1,973       1,718       7,013         742         466         851         762       3,443 
  Depository institutions                      25,027       1,435       4,371         883       1,486       1,872       1,716       7,010         741         465         849         761       3,439 
  U.S. Treasury, general account                6,837           0       6,837           0           0           0           0           0           0           0           0           0           0 
  Foreign official                                 82           2          58           1           3           7           2           3           1           1           1           1           3 
  Other                                           262           4         160           0           1          93           0           1           1           0           1           0           0 
Deferred availability cash items                8,233         470         915         470         536         644         820         629         243         456         430         392       2,228 
Other liabilities and accrued                                                 
  dividends (2)                                 2,245         130         686          92         120         253         184         224         101          85          85         114         170 
                                                                    
    Total liabilities                         724,802      31,792     324,552      20,799      30,264      52,798      48,511      66,607      20,516      15,502      18,552      29,701      65,207 
                                                                    
Capital                                                             
Capital paid in                                 8,758         446       1,997         255         705       2,073         479         917         228         348         196         183         931 
Surplus                                         8,380         436       1,809         233         702       2,073         475         858         199         340         201         186         868 
Other capital                                   1,265          51         468          46          63         156          56         151          48          36          21          23         145 
     Total liabilities and capital            743,205      32,726     328,827      21,333      31,734      57,100      49,521      68,533      20,992      16,226      18,969      30,093      67,151 
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
Sep 24, 2003
Federal Reserve notes outstanding          787,589  
   Less: Notes held by F.R. Banks         
         not subject to collateralization   119,527  
      Federal Reserve Notes to be         
         collateralized                    668,062  
Collateral held against Federal Reserve             
   notes                                   668,062  
   Gold certificate account                 11,039  
   Special drawing rights                 
     certificate account                     2,200  
   U.S. Treasury and agency securities    
     pledged (1)                           654,823  
   Other eligible assets                         0  
                                          
Memo:                                     
Total U.S. Treasury and agency            
       securities (1)                      682,003  
   Less:face value of securities under    
         reverse repurchase agreements      18,805  
      U.S. Treasury and agency securities  
             eligible to be pledged        663,198  
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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