Federal Reserve Statistical Release, H.4.1, Factors Affecting Reserve Balances; title with eagle logo links to Statistical Release home page
Release Date:  April 24, 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
April 24, 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
Apr 23, 2008
Week ended
Apr 23, 2008
Change from week ended
Apr 16, 2008 Apr 25, 2007
                                                              
Reserve Bank credit                                         868,439     +   1,245     +  18,592       868,853 
 Securities held outright                                   548,651     +      29     - 236,136       548,661 
    U.S. Treasury (1)                                       548,651     +      29     - 236,136       548,661 
       Bills (2)                                             70,317             0     - 206,702        70,317 
       Notes and bonds, nominal (2)                         435,051             0     -  36,663       435,051 
       Notes and bonds, inflation-indexed (2)                38,437             0     +   6,101        38,437 
       Inflation compensation (3)                             4,846     +      29     +   1,127         4,857 
    Federal agency (2)                                            0             0             0             0 
 Repurchase agreements (4)                                  107,786     +     822     +  82,822       109,500 
 Term auction credit                                        100,000             0     + 100,000       100,000 
 Other loans                                                 33,390     +     727     +  33,275        32,043 
    Primary credit                                           10,731     +   2,890     +  10,670        13,462 
    Secondary credit                                              0             0             0             0 
    Seasonal credit                                              26     +       8     -      29            25 
    Primary dealer credit facility                          22,634    -   2,170    +  22,634       18,555 
    Other credit extensions                                       0             0             0             0 
 Float                                                       -1,854     -     416     -     907        -2,169 
 Other Federal Reserve assets                                80,466     +      83     +  39,539        80,818 
Gold stock                                                   11,041             0             0        11,041 
Special drawing rights certificate account                    2,200             0             0         2,200 
Treasury currency outstanding (5)                            38,778     +      14     +     375        38,778 
                                                              
Total factors supplying reserve funds                       920,457     +   1,259     +  18,965       920,872 
                                                                          
Currency in circulation (5)                                 812,889     -   1,075     +   5,688       813,679 
Reverse repurchase agreements (6)                            40,046     -       1     +   5,966        39,912 
   Foreign official and international accounts               40,046     -       1     +   5,966        39,912 
   Dealers                                                        0             0             0             0 
Treasury cash holdings                                          351     -       6     +      46           322 
Deposits with F.R. Banks, other than reserve balances        13,000     +     688     -     448        13,142 
  U.S. Treasury, general account                              5,437     +     692     -   1,097         5,570 
  Foreign official                                              102     +       5     +      10           118 
  Service-related                                             7,151     -       3     +     595         7,151 
     Required clearing balances                               7,151     -       3     +     595         7,151 
     Adjustments to compensate for float                          0             0             0             0 
  Other                                                         310     -       6     +      44           302 
Other liabilities and capital                                44,017     -     940     +   4,976        43,789 
                                                              
Total factors, other than reserve balances,                                                       
   absorbing reserve funds                                  910,303     -   1,334     +  16,229       910,843 
                                                              
Reserve balances with Federal Reserve Banks                  10,154     +   2,592     +   2,736        10,029 
                                                                          
                                                              
Memo (off-balance-sheet items):                               
  Marketable securities held in custody for foreign           
         official and international accounts (2,7)        2,252,954     +  12,651     + 334,832     2,254,015 
     U.S. Treasury                                        1,331,610     +   3,975     + 103,593     1,327,918 
     Federal agency                                         921,344     +   8,676     + 231,239       926,097 
  Securities lent to dealers                                169,680     +  31,263     + 167,022       175,907 
     Overnight facility (8)                                  14,302     +   4,985     +  11,644        16,958 
     Term facility (9)                           155,378     +  26,278     + 155,378       158,949 
Note: Components may not sum to totals because of rounding.
 

1. Includes securities lent to dealers under the overnight and term securities lending facilities.
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.
8. Fully collateralized by U.S. Treasury securities.
9. Fully collateralized by U.S. Treasury securities, federal agency securities, and highly rated
non-agency mortgage-backed securities.
 

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
Apr 23, 2008
Wednesday
Apr 16, 2008
Wednesday
Apr 25, 2007
Assets                                                    
Gold certificate account                                         11,037                 0                 0 
Special drawing rights certificate account                        2,200                 0                 0 
Coin                                                              1,422         +      41         +     403 
Securities, repurchase agreements, term auction           
      credit, and other loans                                   790,204         +   2,814         -  35,002 
   Securities held outright                                     548,661         +      29         - 238,488 
      U.S. Treasury (1)                                         548,661         +      29         - 238,488 
         Bills (2)                                               70,317                 0         - 206,702 
         Notes and bonds, nominal (2)                           435,051                 0         -  39,008 
         Notes and bonds, inflation-indexed (2)                  38,437                 0         +   6,101 
         Inflation compensation (3)                               4,857         +      30         +   1,121 
      Federal agency (2)                                              0                 0                 0 
   Repurchase agreements (4)                                    109,500         +   5,250         +  71,500 
   Term auction credit                                          100,000                 0         + 100,000 
   Other loans                                                   32,043         -   2,465         +  31,986 
Items in process of collection                      (702)         2,209         +     729         -     498 
Bank premises                                                     2,146         +       3         +     156 
Other assets (5)                                                 78,591         +      18         +  39,289 
      Total assets                                  (702)       887,810         +   3,607         +   4,349 
                                                          
Liabilities                                               
Federal Reserve notes, net of FR Bank holdings                  776,641         -     870         +   5,210 
Reverse repurchase agreements (6)                                39,912         -     747         +   5,887 
Deposits                                              (0)        23,090         +   5,321         -  11,892 
  Depository institutions                                        17,100         +   4,357         -   5,266 
  U.S. Treasury, general account                                  5,570         +     956         -   6,680 
  Foreign official                                                  118         +      21         +      26 
  Other                                               (0)           302         -      13         +      28 
Deferred availability cash items                    (702)         4,378         +     503         -     154 
Other liabilities and accrued dividends (7)                       4,158         -     198         -   1,679 
      Total liabilities                             (702)       848,179         +   4,009         -   2,628 
                                                          
Capital Accounts                                          
Capital paid in                                                  19,603         +      18         +   3,731 
Surplus                                                          18,472         +       1         +   3,110 
Other capital accounts                                            1,557         -     420         +     138 
      Total capital                                              39,631         -     402         +   6,978 
Note: Components may not sum to totals because of rounding.
 

1. Includes securities lent to dealers under the overnight and term securities lending facilities; refer
to table 1, footnotes 8 and 9.
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, April 23, 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          100,000        21,933        22,157     -   2,468        69,500        39,912  
16 days to 90 days            0        10,109        50,884     +   2,990        40,000             0  
91 days to 1 year           ---             0        99,437     -     520           ---           ---  
Over 1 to 5 years           ---           ---       195,977     +       9           ---           ---  
Over 5 to 10 years          ---           ---        85,907     +       6           ---           ---  
Over 10 years               ---           ---        94,299     +      12           ---           ---  
          
All                     100,000        32,043       548,661     +      29       109,500        39,912  
 
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 April 23, 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         424       3,935         453         423         891       1,221         913         344         199         349         636       1,249 
Special drawing rights certificate acct.       2,200         115         874          83         104         147         166         212          71          30          66          98         234 
Coin                                           1,422          48          66         108         136         162         162         167          57          64          93         154         205 
Securities, repurchase agreements, term                            
      auction credit, and other loans        790,204      28,606     341,026      28,774      30,637      67,086      70,482      59,427      24,100      12,507      24,259      27,302      75,997 
   Securities held outright                  548,661      23,013     195,210      23,955      20,805      49,752      54,591      48,425      18,960      10,358      20,146      22,759      60,688 
      U.S. Treasury (1)                      548,661      23,013     195,210      23,955      20,805      49,752      54,591      48,425      18,960      10,358      20,146      22,759      60,688 
         Bills (2)                            70,317       2,949      25,018       3,070       2,666       6,376       6,996       6,206       2,430       1,328       2,582       2,917       7,778 
         Notes and bonds (3)                 478,344      20,064     170,192      20,885      18,139      43,375      47,594      42,218      16,530       9,031      17,564      19,842      52,910 
      Federal agency (2)                           0           0           0           0           0           0           0           0           0           0           0           0           0 
      Repurchase agreements (4)              109,500       4,593      38,959       4,781       4,152       9,929      10,895       9,664       3,784       2,067       4,021       4,542      12,112 
      Term auction credit                    100,000       1,000      78,321           0       3,925       7,155       4,969         725       1,049         80          80           0       2,697  
      Other loans                             32,043           0      28,535          38       1,755         250          28         613         307           1          12           1         500 
Items in process of collection                 2,911          57           0         301         329          54         265         184          25         221         813         224         438 
Bank premises                                  2,146         119         214          65         152         192         228         205         121         112         277         255         208 
Other assets (5)                              78,591       4,167      22,150       6,787       4,952      18,227       6,297       4,057       1,154       1,494       1,236       1,873       6,198 
Interdistrict settlement account                   0     + 4,027     -48,597     + 3,121     +   680     - 6,273     +12,628     +12,633     + 3,568     + 3,047     + 5,040     + 4,023     + 6,102 
          Total Assets                       888,512      37,563     319,668      39,692      37,413      80,485      91,450      77,798      29,440      17,675      32,132      34,565      90,631 
 
Note: Components may not sum to totals because of rounding.
 

1. Includes securities lent to dealers under the overnight and term securities lending facilities; refer to table 1, footnotes 8 and 9.
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 April 23, 2008 (continued)
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             983,589      38,274     339,870      41,293      39,128      78,424     116,100      84,322      31,564      18,427      32,079      56,030     108,079 
  Less: notes held by F.R. Banks              206,949       5,822      57,839       7,968       8,319      14,303      34,427      14,659       4,495       2,847       3,680      25,004      27,585 
    Federal Reserve notes, net                776,641      32,452     282,031      33,325      30,809      64,121      81,673      69,663      27,069      15,580      28,398      31,026      80,494 
Reverse repurchase agreements (1)              39,912       1,674      14,200       1,743       1,513       3,619       3,971       3,523       1,379         753       1,465       1,656       4,415 
Deposits                                       23,090         896      11,900         333       1,023       1,708       1,899       1,437         344         256         502         764       2,027 
  Depository institutions                      17,100         884       6,065         329       1,019       1,597       1,896       1,435         331         255         501         763       2,024 
  U.S. Treasury, general account                5,570           0       5,570           0           0           0           0           0           0           0           0           0           0 
  Foreign official                                118           2          88           4           3          11           3           2           0           1           0           1           3 
  Other                                           302          10         177           0           1         100           0           0          13           0           1           0           0 
Deferred availability cash items                5,080         194           0         415       1,198         239         280         315         116         303       1,216         312         492 
Other liabilities and accrued                                                 
  dividends (2)                                 4,158         164       1,564         192         189         472         376         310         154         107         137         173         318 
                                                                    
    Total liabilities                         848,880      35,381     309,696      36,008      34,732      70,159      88,199      75,248      29,063      17,001      31,719      33,930      87,746 
                                                                    
Capital                                                             
Capital paid in                                19,603       1,087       4,903       1,851       1,340       5,174       1,611       1,260         182         315         198         256       1,424 
Surplus                                        18,472       1,050       4,637       1,814       1,291       4,997       1,425         815         180         355         194         364       1,350 
Other capital                                   1,557          45         433          20          49         154         214         475          16           4          21          15         110 
     Total liabilities and capital            888,512      37,563     319,668      39,692      37,413      80,485      91,450      77,798      29,440      17,675      32,132      34,565      90,631 
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
Apr 23, 2008
Federal Reserve notes outstanding          983,589  
   Less: Notes held by F.R. Banks         
         not subject to collateralization   206,949  
      Federal Reserve notes to be         
         collateralized                    776,641  
Collateral held against Federal Reserve             
   notes                                   776,641  
   Gold certificate account                 11,037  
   Special drawing rights certificate     
     account                                 2,200  
   U.S. Treasury and agency securities    
     pledged (1)                           618,188  
   Other assets pledged                    145,216  
                                          
Memo:                                     
Total U.S. Treasury and agency            
       securities (1)                      658,161  
   Less: face value of securities under   
         reverse repurchase agreements      39,974  
      U.S. Treasury and agency securities  
             eligible to be pledged        618,188  
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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