Federal Reserve Statistical Release, H.4.1, Factors Affecting Reserve Balances; title with eagle logo links to Statistical Release home page
Release Date:  January 31, 2008
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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
January 31, 2008
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
Jan 30, 2008
Week ended
Jan 30, 2008
Change from week ended
Jan 23, 2008 Jan 31, 2007
                                                              
Reserve Bank Credit                                         864,627     +   3,139     +  20,535       885,732 
 Securities held outright                                   718,350     -   4,948     -  60,518       718,371 
    U.S. Treasury (1)                                       718,350     -   4,948     -  60,518       718,371 
       Bills (2)                                            205,360     -   5,000     -  71,659       205,360 
       Notes and bonds, nominal (2)                         470,984             0     +   3,290       470,984 
       Notes and bonds, inflation-indexed (2)                37,463             0     +   6,706        37,463 
       Inflation compensation (3)                             4,544     +      53     +   1,146         4,564 
    Federal agency (2)                                            0             0             0             0 
 Repurchase agreements(4)                                    29,393     +   7,893     +   3,893        50,000 
 Term auction credit                                         50,000             0     +  50,000        50,000 
 Other loans                                                     28     -     724     -     182            46 
    Primary credit                                               25     -     719     -     164            43 
    Secondary credit                                              0             0             0             0 
    Seasonal credit                                               2     -       6     -      20             3 
 Float                                                      -1,140    +     132    -     196       -1,122 
 Other Federal Reserve assets                                67,996     +     786     +  27,538        68,437 
Gold stock                                                   11,041             0             0        11,041 
Special drawing rights certificate account                    2,200             0             0         2,200 
Treasury currency outstanding (5)                            38,877     +      14     +     623        38,877 
                                                              
Total factors supplying reserve funds                       916,745     +   3,153     +  21,159       937,850 
                                                                          
Currency in circulation(5)                                  809,883     -   2,347     +   9,075       811,506 
Reverse repurchase agreements (6)                            39,481     -     224     +   7,775        39,485 
   Foreign official and international accounts               39,481     -     224     +   7,775        39,485 
   Dealers                                                        0             0             0             0 
Treasury cash holdings                                          302     +      14     +      92           288 
Deposits with F.R.Banks, other than reserve balances         11,752     -     689     -     516        12,172 
  U.S. Treasury, general account                              4,650     -     685     -     405         5,082 
  Foreign official                                              101     -       1     +      11            99 
  Service-related                                             6,671     -       8     -     165         6,671 
     Required clearing balances                               6,671     -       8     -     165         6,671 
     Adjustments to compensate for float                          0             0             0             0 
  Other                                                         330     +       5     +      43           320 
Other liabilities and capital                                42,703     +     187     +   5,286        42,443 
                                                              
Total factors, other than reserve balances,                                                       
   absorbing reserve funds                                  904,121     -   3,060     +  21,712       905,894 
                                                              
Reserve balances with Federal Reserve Banks                  12,624     +   6,212     -     554        31,956 
                                                                          
                                                              
Memo (off-balance-sheet items):                               
  Marketable securities held in custody for foreign           
         official and international accounts(2,7)         2,110,355     +  14,588     + 320,162     2,118,480 
     U.S. Treasury                                        1,256,281     +   5,179     +  82,978     1,263,048 
     Federal agency                                         854,073     +   9,408     + 237,183       855,431 
  Securities lent to dealers                                 11,509     +   1,076     +  10,220        11,461 
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
Jan 30, 2008
Wednesday
Jan 23, 2008
Wednesday
Jan 31, 2007
Assets                                                    
Gold certificate account                                         11,037                 0                 0 
Special drawing rights certificate account                        2,200                 0                 0 
Coin                                                              1,369         +      75         +     300 
Securities, repurchase agreements, term auction           
      credit, and other loans                                   818,417         +  23,082         +   6,228 
   Securities held outright                                     718,371         -   4,944         -  60,492 
      U.S. Treasury (1)                                         718,371         -   4,944         -  60,492 
         Bills (2)                                              205,360         -   5,000         -  71,659 
         Notes and bonds, nominal (2)                           470,984                 0         +   4,309 
         Notes and bonds, inflation-indexed (2)                  37,463                 0         +   5,687 
         Inflation compensation (3)                               4,564         +      56         +   1,171 
      Federal agency (2)                                              0                 0                 0 
   Repurchase agreements (4)                                     50,000         +  28,000         +  18,000 
   Term auction credit                                           50,000                 0         +  50,000 
   Other loans                                                       46         +      26         -   1,280 
Items in process of collection                      (546)         1,725         -     963         -   1,004 
Bank premises                                                     2,140         +       3         +     178 
Other assets (5)                                                 66,167         +   1,011         +  27,794 
      Total assets                                  (546)       903,055         +  23,208         +  33,496 
                                                          
Liabilities                                               
Federal Reserve notes, net of FR Bank holdings                  774,282         -     430         +   8,696 
Reverse repurchase agreements (6)                                39,485         +   1,990         +   7,106 
Deposits                                              (0)        43,998         +  22,743         +  13,341 
  Depository institutions                                        38,497         +  22,513         +  14,269 
  U.S. Treasury, general account                                  5,082         +     211         -     971 
  Foreign official                                                   99         +       2         +       9 
  Other                                               (0)           320         +      16         +      35 
Deferred availability cash items                    (546)         2,847         -   1,386         -   1,364 
Other liabilities and accrued dividends (7)                       4,546         +     140         -   1,022 
      Total liabilities                             (546)       865,158         +  23,056         +  26,758 
                                                          
Capital Accounts                                          
Capital paid in                                                  18,472         +       7         +   3,114 
Surplus                                                          18,480         +      36         +   3,353 
Other capital accounts                                              945         +     109         +     271 
      Total capital                                              37,897         +     152         +   6,738 
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 Term Auction Credit, Other Loans and Securities, January 30, 2008
Millions of dollars
  U.S. Treasury
securities (1)
 

Remaining maturity
Term auction
credit
Other
loans

Holdings
Weekly
changes

Repurchase
agreements(2)
Reverse
repurchase
agreements(2)
Within 15 days           50,000            40        48,770     +   2,225        50,000        39,485  
16 days to 90 days            0             7       115,775     -   7,346             0             0  
91 days to 1 year      ------               0       149,079     +     126      ------       ------     
Over 1 to 5 years      ------        ------         231,432     +      18      ------       ------     
Over 5 to 10 years     ------        ------          84,407     +      12      ------       ------     
Over 10 years          ------        ------          88,909     +      22      ------       ------     
          
All                      50,000            46       718,371     -   4,944        50,000        39,485  
 
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.
 

 

 

4. Statement of Condition of Each Federal Reserve Bank on January 30, 2008
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                      11,037         449       4,053         455         428         869       1,117         903         326         203         335         613       1,286 
Special drawing rights certificate acct.       2,200         115         874          83         104         147         166         212          71          30          66          98         234 
Coin                                           1,369          47          63         101         128         162         181         152          58          54          85         148         190 
Securities, repurchase agreements, term                            
      auction credit, and other loans        818,417      35,434     313,874      33,995      32,537      67,333      74,300      65,353      25,608      16,831      24,895      35,010      93,249 
   Securities held outright                  718,371      33,107     260,120      31,781      29,398      62,241      66,627      60,255      22,960      14,333      23,254      31,563      82,732 
      U.S. Treasury (1)                      718,371      33,107     260,120      31,781      29,398      62,241      66,627      60,255      22,960      14,333      23,254      31,563      82,732 
         Bills (2)                           205,360       9,464      74,360       9,085       8,404      17,793      19,047      17,225       6,564       4,097       6,648       9,023      23,650 
         Notes and bonds(3)                  513,011      23,643     185,760      22,696      20,994      44,448      47,581      43,030      16,396      10,236      16,607      22,540      59,081 
         Federal agency (2)                        0           0           0           0           0           0           0           0           0           0           0           0           0 
      Repurchase agreements(4)                50,000       2,304      18,105       2,212       2,046       4,332       4,637       4,194       1,598         998       1,619       2,197       5,758 
      Term auction credit                     50,000          20      35,649           0       1,093         760       3,035         905       1,050      1,500          20       1,250       4,719  
      Other loans                                 46           3           0           2           0           0           0           0           0           0           2           0          40 
Items in process of collection                 2,271          97         404          90         258         237         126         129          29         117         182         142         459 
Bank premises                                  2,140         120         215          65         153         183         229         206         114         113         269         256         217 
Other assets(5)                               66,167       2,024      18,934       6,407       4,137      14,390       5,577       4,065       1,083       1,212       1,120       1,421       5,798 
Interdistrict settlement account                   0     -   107     - 6,912     - 1,555     -   971     -   127     + 1,275     + 8,800     + 3,361     + 1,640     + 5,275     - 2,582     - 8,097 
          Total Assets                       903,601      38,180     331,505      39,640      36,773      83,193      82,971      79,821      30,650      20,199      32,227      35,105      93,336 
 
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 January 30, 2008
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           1,001,165      39,146     349,929      42,119      39,635      80,357     109,991      86,232      32,965      19,231      33,268      56,810     111,484 
  Less: notes held by F.R. Banks              226,883       6,625      70,288       9,021       9,290      14,986      36,513      14,584       4,505       3,186       3,728      25,466      28,692 
    Federal Reserve notes, net                774,282      32,521     279,641      33,098      30,344      65,371      73,478      71,648      28,460      16,046      29,540      31,344      82,792 
Reverse repurchase agreements (1)              39,485       1,820      14,297       1,747       1,616       3,421       3,662       3,312       1,262         788       1,278       1,735       4,547 
Deposits                                       43,998       1,315      26,338         497       1,438       3,495       2,150       2,505         318       2,200         630         848       2,265 
  Depository institutions                      38,497       1,280      21,017         493       1,434       3,384       2,147       2,502         307       2,199         628         845       2,262 
  U.S. Treasury, general account                5,082           0       5,082           0           0           0           0           0           0           0           0           0           0 
  Foreign official                                 99           1          69           5           3          11           3           2           0           1           0           1           3 
  Other                                           320          34         171           0           1         100           0           0          10           0           1           2           0 
Deferred availability cash items                3,393         185          73         420         536         304         296         278          56         315         202         195         533 
Other liabilities and accrued                                                 
  dividends (2)                                 4,546         204       1,516         207         218         530         402         377         176         117         161         216         422 
                                                                    
    Total liabilities                         865,704      36,045     321,866      35,970      34,152      73,120      79,988      78,120      30,272      19,465      31,811      34,338      90,559 
                                                                    
Capital                                                             
Capital paid in                                18,472       1,049       4,619       1,814       1,294       4,997       1,448         816         180         355         196         364       1,339 
Surplus                                        18,480       1,079       4,619       1,813       1,291       4,996       1,425         814         180         355         194         363       1,350 
Other capital                                     945           6         402          42          36          81         110          70          18          25          26          40          88 
     Total liabilities and capital            903,601      38,180     331,505      39,640      36,773      83,193      82,971      79,821      30,650      20,199      32,227      35,105      93,336 
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
Jan 30, 2008
Federal Reserve notes outstanding        1,001,165  
   Less: Notes held by F.R. Banks         
         not subject to collateralization   226,883  
      Federal Reserve notes to be         
         collateralized                    774,282  
Collateral held against Federal Reserve             
   notes                                   774,282  
   Gold certificate account                 11,037  
   Special drawing rights                 
     certificate account                     2,200  
   U.S. Treasury and agency securities    
     pledged (1)                           728,856  
   Other assets pledged                     32,189  
                                          
Memo:                                     
Total U.S. Treasury and agency            
       securities (1)                      768,371  
   Less:face value of securities under    
         reverse repurchase agreements      39,515  
      U.S. Treasury and agency securities  
             eligible to be pledged        728,856  
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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