Federal Reserve Statistical Release, H.4.1, Factors Affecting Reserve Balances; title with eagle logo links to Statistical Release home page
Release Date:  July 29, 2004
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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
July 29, 2004
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
Jul 28, 2004
Week ended
Jul 28, 2004
Change from week ended
Jul 21, 2004 Jul 30, 2003
                                                              
Reserve Bank Credit                                         752,230     -   3,980     +  38,848       755,216 
 Securities held outright                                   693,510     +   1,229     +  40,667       693,717 
    U.S. Treasury (1)                                       693,510     +   1,229     +  40,677       693,717 
       Bills (2)                                            255,248     +      10     +  15,547       255,248 
       Notes and bonds, nominal (2)                         421,346     +   1,196     +  22,493       421,546 
       Notes and bonds, inflation-indexed (2)                14,862             0     +   2,048        14,862 
       Inflation compensation (3)                             2,053     +      22     +     588         2,061 
    Federal agency (2)                                            0             0     -      10             0 
 Repurchase agreements(4)                                    18,607     -   4,929     -   2,250        21,500 
 Loans to depository institutions                               263     +      23     +     137           432 
    Primary credit                                               37     +      11     +      36           193 
    Secondary credit                                              0             0             0             0 
    Seasonal credit                                             226     +      12     +     101           239 
 Float                                                         -513     -     247     -      36          -781 
 Other Federal Reserve assets                               40,363    -      57    +     330       40,349 
Gold stock                                                   11,045             0     +       1        11,045 
Special drawing rights certificate account                    2,200             0             0         2,200 
Treasury currency outstanding (5)                            36,036     +      14     +     907        36,036 
                                                              
Total factors supplying reserve funds                       801,510     -   3,966     +  39,756       804,497 
                                                                          
Currency in circulation(5)                                  732,994     -     690     +  40,428       734,335 
Reverse repurchase agreements (6)                            19,959     +      75     +      43        19,363 
   Foreign official and international accounts               19,959     +      75     +      43        19,363 
   Dealers                                                        0             0             0             0 
Treasury cash holdings                                          289     -      11     -      54           283 
Deposits with F.R.Banks, other than reserve balances         15,136     -   1,169     -   2,869        14,617 
  U.S. Treasury, general account                              4,956     -     553     -   1,249         4,447 
  Foreign official                                               77     -       7     -     182            81 
  Service-related                                             9,802     -     619     -   1,488         9,802 
     Required clearing balances                               9,802     -     619     -   1,094         9,802 
     Adjustments to compensate for float                          0             0     -     394             0 
  Other                                                         300     +      10     +      49           286 
Other liabilities and capital                                21,326     -     213     +   1,098        21,117 
                                                              
Total factors, other than reserve balances,                                                       
   absorbing reserve funds                                  789,705     -   2,008     +  38,647       789,714 
                                                              
Reserve balances with Federal Reserve Banks                  11,805     -   1,959     +   1,109        14,783 
                                                                          
                                                              
Memo (off-balance-sheet items):                               
  Marketable securities held in custody for foreign           
         official and international accounts(2,7)         1,239,426     +     687     + 307,672     1,239,479 
     U.S. Treasury                                        1,005,071     +   3,201     + 256,961     1,006,486 
     Federal agency                                         234,356     -   2,513     +  50,712       232,994 
  Securities lent to dealers                                  1,063     +     631     -     993         1,525 
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 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
Jul 28, 2004
Wednesday
Jul 21, 2004
Wednesday
Jul 30, 2003
Assets                                               
Gold certificate account                                         11,040                 0         +       1 
Special drawing rights certificate account                        2,200                 0                 0 
Coin                                                                735         +      10         -     134 
Securities, repurchase agreements, and loans                    715,649         -   2,383         +  36,392 
   Securities held outright                                     693,717         +   1,418         +  40,851 
      U.S. Treasury (1)                                         693,717         +   1,418         +  40,861 
         Bills (2)                                              255,248                 0         +  15,522 
         Notes and bonds, nominal (2)                           421,546         +   1,396         +  22,693 
         Notes and bonds, inflation-indexed (2)                    14,862                 0         +   2,048 
         Inflation compensation (3)                               2,061         +      22         +     598 
      Federal agency (2)                                              0                 0         -      10 
   Repurchase agreements (4)                                     21,500         -   4,000         -   4,750 
   Loans                                                            432         +     199         +     291 
Items in process of collection                      (645)         4,983         -     575         -   2,860 
Bank premises                                                     1,707         +       7         +     121 
Other assets (5)                                                 38,711         +     105         +     334 
      Total assets                                  (645)       775,026         -   2,835         +  33,854 
                                                     
Liabilities                                          
Federal Reserve notes net of FR Bank holdings                  699,312         +     144         +  38,626 
Reverse repurchase agreements (6)                                19,363         -     543         +      47 
Deposits                                              (0)        29,469         -   2,305         -   3,682 
  Depository institutions                                        24,655         -   1,853         -   1,224 
  U.S. Treasury, general account                                  4,447         -     432         -   1,727 
  Foreign official                                                   81         -      18         -     771 
  Other                                               (0)           286         -       1         +      40 
Deferred availability cash items                    (645)         5,764         -      98         -   2,511 
Other liabilities and accrued dividends (7)                       2,465         +      90         +     314 
      Total liabilities                             (645)       756,374         -   2,711         +  32,796 
                                                     
Capital Accounts                                     
Capital paid in                                                   9,246         +       1         +     527 
Surplus                                                           8,779         -      48         +     416 
Other capital accounts                                              627         -      78         +     114 
      Total capital                                              18,652         -     125         +   1,058 
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 collateralized 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, July 28, 2004
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             420        55,955    +     919             0            0        21,500        19,363
16 days to 90 days          11       153,010    -   1,421             0            0             0             0
91 days to 1 year            0       165,151    +     503             0            0      ------       ------   
Over 1 to 5 years     ------         190,934    +   1,405             0            0      ------       ------   
Over 5 to 10 years    ------          51,865    +       6             0            0      ------       ------   
Over 10 years         ------          76,802    +       8             0            0      ------       ------   
           
All                        432       693,717    +   1,418             0            0        21,500       19,363 
 
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 July 28, 2004
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         494       4,650         382         452         819         894         924         325         218         302         525       1,055 
Special drawing rights certificate acct.       2,200         115         874          83         104         147         166         212          71          30          66          98         234 
Coin                                             735          21          32          37          39          66          92          90          52          20          45         135         105 
Securities, repurchase agreements,                                 
      and loans                              715,649      32,575     322,468      20,640      29,643      52,729      46,794      62,563      20,418      15,215      18,259      31,632      62,714 
   Securities held outright                  693,717      32,575     300,805      20,633      29,643      52,726      46,783      62,489      20,381      15,131      18,230      31,630      62,693 
      U.S. Treasury (1)                      693,717      32,575     300,805      20,633      29,643      52,726      46,783      62,489      20,381      15,131      18,230      31,630      62,693 
         Bills (2)                           255,248      11,986     110,679       7,592      10,907      19,400      17,213      22,992       7,499       5,567       6,707      11,638      23,067 
         Notes and bonds(3)                  438,470      20,589     190,126      13,041      18,736      33,326      29,569      39,497      12,882       9,564      11,522      19,992      39,626 
         Federal agency (2)                        0           0           0           0           0           0           0           0           0           0           0           0           0 
      Repurchase agreements(4)                21,500           0      21,500           0           0           0           0           0           0           0           0           0           0 
      Loans                                      432           0         163           7           0           3          11          74          37          84          29           2          21 
Items in process of collection                 5,628         299         130         358         364         304         511         412         299         401         370         186       1,995 
Bank premises                                  1,707          96         192          51         154         145         279         135          55         124          76         220         180 
Other assets(5)                               38,711       1,752      14,067       1,126       2,344       5,950       2,219       3,491       1,015       1,133         808       1,022       3,784 
Interdistrict settlement account                   0     + 2,944     -30,250     + 4,239     +   316     -   158     + 8,974     -   981     + 1,113     -   474     + 1,232     + 3,303     + 9,741 
          Total Assets                       775,671      38,297     312,163      26,917      33,416      60,002      59,927      66,845      23,349      16,668      21,157      37,121      79,808 
 
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 July 28, 2004
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             819,935      38,532     315,791      32,426      34,911      61,418      72,475      67,832      24,917      15,781      23,867      42,248      89,737 
  Less: notes held by F.R. Banks              120,623       3,960      30,788       8,568       5,648      11,235      17,377       8,132       3,553       1,077       4,651       7,425      18,208 
    Federal Reserve notes, net                699,312      34,572     285,003      23,858      29,263      50,182      55,098      59,700      21,363      14,704      19,216      34,823      71,529 
Reverse repurchase agreements (1)              19,363         909       8,396         576         827       1,472       1,306       1,744         569         422         509         883       1,750 
Deposits                                       29,469       1,210      13,038       1,370       1,203       3,525       1,572       2,612         718         435         748         755       2,285 
  Depository institutions                      24,655       1,207       8,356       1,369       1,199       3,415       1,570       2,608         716         434         747         754       2,281 
  U.S. Treasury, general account                4,447           0       4,447           0           0           0           0           0           0           0           0           0           0 
  Foreign official                                 81           2          58           1           2           7           2           3           1           1           1           0           4 
  Other                                           286           1         177           0           2         103           0           1           1           0           1           0           0 
Deferred availability cash items                6,409         462         582         460         493         467         734         499         128         419         276         250       1,639 
Other liabilities and accrued                                                 
  dividends (2)                                 2,465         135         791          94         122         269         195         232         109          84          93         142         199 
                                                                    
    Total liabilities                         757,019      37,287     307,810      26,358      31,909      55,915      58,905      64,788      22,887      16,065      20,842      36,852      77,402 
                                                                    
Capital                                                             
Capital paid in                                 9,246         506       2,116         278         758       2,077         506       1,026         232         262         151         130       1,203 
Surplus                                         8,779         448       2,031         259         727       2,010         489         924         228         341         162         111       1,048 
Other capital                                     627          55         206          23          22           0          27         108           2           0           2          28         154 
     Total liabilities and capital            775,671      38,297     312,163      26,917      33,416      60,002      59,927      66,845      23,349      16,668      21,157      37,121      79,808 
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
Jul 28, 2004
Federal Reserve notes outstanding          819,935  
   Less: Notes held by F.R. Banks         
         not subject to collateralization   120,623  
      Federal Reserve Notes to be         
         collateralized                    699,312  
Collateral held against Federal Reserve             
   notes                                   699,312  
   Gold certificate account                 11,040  
   Special drawing rights                 
     certificate account                     2,200  
   U.S. Treasury and agency securities    
     pledged (1)                           686,072  
   Other assets pledged                          0  
                                          
Memo:                                     
Total U.S. Treasury and agency            
       securities (1)                      715,217  
   Less:face value of securities under    
         reverse repurchase agreements      19,369  
      U.S. Treasury and agency securities  
             eligible to be pledged        695,848  
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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