Federal Reserve Statistical Release, H.4.1, Factors Affecting Reserve Balances; title with eagle logo links to Statistical Release home page
Release Date: August 31, 2006
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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
                                                                                            August 31, 2006
1. Factors Affecting Reserve Balances of Depository Institutions
Millions of dollars
                                                                   Averages of daily figures
Reserve Bank credit, related items, and                   Week ended   Change from week ended     Wednesday
reserve balances of depository institutions at           Aug 30, 2006 Aug 23, 2006 Aug 31, 2005 Aug 30, 2006
Federal Reserve Banks

Reserve Bank Credit                                         828,872    +   3,845    +  31,071      836,416
 Securities held outright                                   765,398    +     548    +  34,698      766,738       
    U.S. Treasury (1)                                       765,398    +     548    +  34,698      766,738
       Bills (2)                                            277,019            0    +   9,396      277,019
       Notes and bonds, nominal (2)                         458,360    +     534    +  17,604      459,695
       Notes and bonds, inflation-indexed (2)                26,019            0    +   6,486       26,019
       Inflation compensation (3)                             4,001    +      14    +   1,213        4,006
    Federal agency (2)                                            0            0            0            0      
 Repurchase agreements(4)                                    24,393    +   2,857    -   4,321       30,250
 Loans to depository institutions                               412    +      64    +      80          693
    Primary credit                                               52    +      45    +      46          331
    Secondary credit                                              0            0            0            0
    Seasonal credit                                             361    +      20    +      35          361
 Float                                                         -226    +      48    +     138         -402
 Other Federal Reserve assets                                38,896    +     329    +     477       39,138
Gold stock                                                   11,041            0            0       11,041
Special drawing rights certificate account                    2,200            0            0        2,200
Treasury currency outstanding (5)                            38,102    +      14    +   1,673       38,102
       
Total factors supplying reserve funds                       880,215    +   3,859    +  32,744      887,759
                                                                   
Currency in circulation(5)                                  793,614    +     288    +  30,756      797,161
Reverse repurchase agreements (6)                            25,768    -   1,735    +     797       26,084
   Foreign official and international accounts               25,768    -   1,735    +     797       26,084
   Dealers                                                        0            0            0            0
Treasury cash holdings                                          170    +      11    -      96          171
Deposits with F.R.Banks, other than reserve balances         12,430    -     278    -   1,544       12,244       
  U.S. Treasury, general account                              5,095    +      98    +     186        4,919
  Foreign official                                               90    +       1    +       3           89
  Service-related                                             6,981    -       1    -   1,736        6,981
     Required clearing balances                               6,981    -       1    -   1,736        6,981
     Adjustments to compensate for float                          0            0            0            0
  Other                                                         263    -     377    +       2          255
Other liabilities and capital                                35,642    +      45    +   4,654       35,422

Total factors, other than reserve balances,                                        
   absorbing reserve funds                                  867,624    -   1,670    +  34,567      871,082

Reserve balances with Federal Reserve Banks                  12,591    +   5,529    -   1,823       16,677
                                                                

Memo (off-balance-sheet items):
  Marketable securities held in custody for foreign
         official and international accounts(2,7)         1,678,880    +   8,507    + 210,704    1,675,570
     U.S. Treasury                                        1,143,818    +   4,731    +  44,879    1,140,653
     Federal agency                                         535,062    +   3,776    + 165,825      534,918
  Securities lent to dealers                                  4,269    +   3,041    +     964        9,696   


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
                                              Eliminations                          Change Since
                                                  from       Wednesday        Wednesday        Wednesday
Assets, liabilities, and capital             consolidation Aug 30, 2006     Aug 23, 2006     Aug 31, 2005

Assets
Gold certificate account                                        11,037                0                0
Special drawing rights certificate account                       2,200                0                0
Coin                                                               781        +       5        +     122
Securities, repurchase agreements, and loans                   797,680        +  12,708        +  31,464
   Securities held outright                                    766,738        +   1,883        +  36,358
      U.S. Treasury (1)                                        766,738        +   1,883        +  36,358       
         Bills (2)                                             277,019                0        +   9,253
         Notes and bonds, nominal (2)                          459,695        +   1,869        +  19,403
         Notes and bonds, inflation-indexed (2)                 26,019                0        +   6,486
         Inflation compensation (3)                              4,006        +      14        +   1,217
      Federal agency (2)                                             0                0                0
   Repurchase agreements (4)                                    30,250        +  10,500        -   5,250    
   Loans                                                           693        +     326        +     357
Items in process of collection                    (1,374)        4,060        -     200        -   3,020
Bank premises                                                    1,877                0        +      43
Other assets (5)                                                37,171        +     457        +     713
      Total assets                                (1,374)      854,806        +  12,969        +  29,323
                          
Liabilities
Federal Reserve notes net of FR Bank holdings                  760,006        +   3,237        +  29,795
Reverse repurchase agreements (6)                               26,084        -     469        -     403
Deposits                                              (0)       28,831        +  10,106        -   2,867       
  Depository institutions                                       23,568        +  10,195        -   2,134
  U.S. Treasury, general account                                 4,919        -      24        -     731
  Foreign official                                                  89        -       1        +       8
  Other                                               (0)          255        -      63        -      10
Deferred availability cash items                  (1,374)        4,462        -     118        -   1,877
Other liabilities and accrued dividends (7)                      5,330        +      78        +   1,769
      Total liabilities                           (1,374)      824,714        +  12,836        +  26,417
                          
Capital Accounts
Capital paid in                                                 15,060        +      13        +   1,658
Surplus                                                         12,901                0        +   1,271
Other capital accounts                                           2,131        +     120        -      24
      Total capital                                             30,092        +     133        +   2,906


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,    August 30, 2006
Millions of dollars
                                    U.S. Treasury           Federal agency                      Reverse
Maturity             Loans           securities (1)          securities           Repurchase   repurchase
                                              Weekly                    Weekly    agreements(2)agreements(2)
                                  Holdings    changes      Holdings    changes    
Within 15 days             642       63,768   +     192            0           0       30,250       26,084
16 days to 90 days          51      164,899   -     760            0           0            0            0
91 days to 1 year            0      184,496   +     984            0           0     ------      ------
Over 1 to 5 years     ------        212,576   +   1,458            0           0     ------      ------
Over 5 to 10 years    ------         59,713   +       3            0           0     ------      ------
Over 10 years         ------         81,285   +       6            0           0     ------      ------
                   		 	
All                        693      766,738   +   1,883            0           0       30,250      26,084

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    August 30, 2006
Millions of dollars
                                                                                                                                                            Kansas                 San
Assets, liabilities, and capital               Total     Boston   New York Philadelphia Cleveland   Richmond   Atlanta    Chicago   St. Louis  Minneapolis   City      Dallas   Francisco

Assets                        
Gold certificate account                      11,037        486      4,139        463        446        853      1,023        947        328        211        324        575      1,242
Special drawing rights certificate acct.       2,200        115        874         83        104        147        166        212         71         30         66         98        234
Coin                                             781         25         45         41         70         70        104         96         40         33         59         79        118
Securities, repurchase agreements,
      and loans                              797,680     36,917    314,040     33,289     33,107     63,693     64,203     70,496     24,432     15,705     22,499     34,418     84,879
   Securities held outright                  766,738     36,587    283,790     33,288     33,107     63,693     64,189     70,402     24,361     15,587     22,452     34,410     84,870
      U.S. Treasury (1)                      766,738     36,587    283,790     33,288     33,107     63,693     64,189     70,402     24,361     15,587     22,452     34,410     84,870
         Bills (2)                           277,019     13,219    102,532     12,027     11,962     23,012     23,191     25,436      8,801      5,632      8,112     12,432     30,663
         Notes and bonds(3)                  489,719     23,369    181,258     21,261     21,146     40,681     40,998     44,966     15,559      9,956     14,340     21,978     54,207
         Federal agency (2)                        0          0          0          0          0          0          0          0          0          0          0          0          0
      Repurchase agreements(4)                30,250          0     30,250          0          0          0          0          0          0          0          0          0          0
      Loans                                      693        330          0          1          0          0         14         95         72        118         47          7          9
Items in process of collection                 5,434        299        112        718        379        674        819        159        220        237        441        338      1,039
Bank premises                                  1,877        112        208         58        157        157        230        209         73        117        122        259        175
Other assets(5)                               37,171      1,155     13,405      1,863      2,204      6,813      2,595      2,614        697        671        681        889      3,585
Interdistrict settlement account                   0    - 1,227    + 1,077    + 1,428    +    90    + 1,293    + 7,574    - 9,609    -   841    -   239    + 1,309    - 1,790    +   936
          Total Assets                       856,180     37,882    333,899     37,943     36,558     73,700     76,715     65,124     25,020     16,765     25,502     34,865     92,208

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    August 30, 2006
Millions of dollars
                                                                                                                                                            Kansas                 San
Assets, liabilities, and capital                Total     Boston   New York Philadelphia Cleveland   Richmond   Atlanta    Chicago   St. Louis  Minneapolis   City      Dallas   Francisco

Liabilities                         
Federal Reserve notes outstanding             931,912     38,113    348,813     39,267     37,184     73,841     93,813     73,201     27,118     17,143     27,258     50,094    106,068
  Less: notes held by F.R. Banks              171,906      3,885     49,672      7,383      6,228     13,023     25,055     14,514      4,033      2,352      4,067     18,107     23,586
    Federal Reserve notes, net                760,006     34,228    299,140     31,884     30,956     60,818     68,758     58,687     23,085     14,791     23,191     31,987     82,482
Reverse repurchase agreements (1)              26,084      1,245      9,655      1,132      1,126      2,167      2,184      2,395        829        530        764      1,171      2,887
Deposits                                       28,831        904     15,561      1,207      1,349      1,441      2,351      1,455        464        448        524        690      2,439
  Depository institutions                      23,568        901     10,414      1,204      1,345      1,350      2,348      1,451        462        447        522        689      2,434
  U.S. Treasury, general account                4,919          0      4,919          0          0          0          0          0          0          0          0          0          0
  Foreign official                                 89          1         60          2          3         11          3          3          0          1          1          0          4
  Other                                           255          1        168          1          1         80          0          1          2          0          1          0          0
Deferred availability cash items                5,836        450        109        630        590        675        762        323        125        359        482        318      1,014
Other liabilities and accrued                 
  dividends (2)                                 5,330        260      1,801        251        257        524        450        488        193        137        175        252        542
   
    Total liabilities                         826,088     37,086    326,266     35,104     34,279     65,625     74,505     63,348     24,695     16,264     25,135     34,417     89,364
                              
Capital                    
Capital paid in                                15,060        383      3,689      1,748      1,126      4,017      1,084        841        155        243        174        211      1,387
Surplus                                        12,901        317      3,685        744      1,013      3,307        892        876        144        245        175        153      1,349
Other capital                                   2,131         96        259        348        139        750        233         59         25         12         18         84        107
     Total liabilities and capital            856,180     37,882    333,899     37,943     36,558     73,700     76,715     65,124     25,020     16,765     25,502     34,865     92,208
                              

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
                                          Aug 30, 2006
              
Federal Reserve notes outstanding             931,912
   Less: Notes held by F.R. Banks
         not subject to collateralization     171,906
      Federal Reserve Notes to be
         collateralized                       760,006 
Collateral held against Federal Reserve            
   notes                                      760,006
   Gold certificate account                    11,037
   Special drawing rights                 
     certificate account                        2,200
   U.S. Treasury and agency securities   
     pledged (1)                              746,769
   Other assets pledged                             0

Memo:
Total U.S. Treasury and agency 
       securities (1)                         796,988
   Less:face value of securities under
         reverse repurchase agreements         26,122
      U.S. Treasury and agency securities
             eligible to be pledged           770,866
   

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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