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Release Date:  May 01, 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
May 1, 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 30, 2008
Week ended
Apr 30, 2008
Change from week ended
Apr 23, 2008 May 2, 2007
                                                              
Reserve Bank credit                                         864,390     -   4,048     -   2,495       871,379 
 Securities held outright                                   548,680     +      29     - 238,503       548,692 
    U.S. Treasury (1)                                       548,680     +      29     - 238,503       548,692 
       Bills (2)                                             70,317             0     - 206,702        70,317 
       Notes and bonds, nominal (2)                         434,946     -     105     -  38,204       434,317 
       Notes and bonds, inflation-indexed (2)                38,542     +     105     +   5,297        39,171 
       Inflation compensation (3)                             4,875     +      29     +   1,106         4,887 
    Federal agency (2)                                            0             0             0             0 
 Repurchase agreements (4)                                  107,536     -     250     +  68,786       115,500 
 Term auction credit                                        100,000             0     + 100,000       100,000 
 Other loans                                                 30,183     -   3,207     +  30,117        29,763 
    Primary credit                                           11,588     +     857     +  11,582        11,964 
    Secondary credit                                              0             0             0             0 
    Seasonal credit                                              25     -       1     -      35            24 
    Primary dealer credit facility                          18,571    -   4,063    +  18,571       17,775 
    Other credit extensions                                       0             0             0             0 
 Float                                                       -1,674     +     181     -   1,371        -1,724 
 Other Federal Reserve assets                                79,664     -     802     +  38,475        79,147 
Gold stock                                                   11,041             0             0        11,041 
Special drawing rights certificate account                    2,200             0             0         2,200 
Treasury currency outstanding (5)                            38,792     +      14     +     378        38,792 
                                                              
Total factors supplying reserve funds                       916,422     -   4,035     -   2,118       923,411 
                                                                          
Currency in circulation (5)                                 812,468     -     421     +   5,107       814,146 
Reverse repurchase agreements (6)                            39,379     -     667     -     732        40,704 
   Foreign official and international accounts               39,379     -     667     +   3,625        40,704 
   Dealers                                                        0             0     -   4,357             0 
Treasury cash holdings                                          316     -      35     +      20           281 
Deposits with F.R. Banks, other than reserve balances        13,225     +     225     -   8,554        12,437 
  U.S. Treasury, general account                              5,721     +     284     -   9,166         4,955 
  Foreign official                                              100     -       2     +       7           106 
  Service-related                                             7,091     -      60     +     583         7,091 
     Required clearing balances                               7,091     -      60     +     583         7,091 
     Adjustments to compensate for float                          0             0             0             0 
  Other                                                         313     +       3     +      21           285 
Other liabilities and capital                                42,827     -   1,190     +   3,993        42,525 
                                                              
Total factors, other than reserve balances,                                                       
   absorbing reserve funds                                  908,215     -   2,088     -     167       910,092 
                                                              
Reserve balances with Federal Reserve Banks                   8,207     -   1,947     -   1,952        13,319 
                                                                          
                                                              
Memo (off-balance-sheet items):                               
  Marketable securities held in custody for foreign           
         official and international accounts (2,7)        2,263,408     +  10,454     + 336,644     2,281,398 
     U.S. Treasury                                        1,329,532     -   2,078     + 102,224     1,346,611 
     Federal agency                                         933,876     +  12,532     + 234,420       934,787 
  Securities lent to dealers                                163,380     -   6,300     + 160,133       166,585 
     Overnight facility (8)                                  17,751     +   3,449     +  14,504        23,176 
     Term facility (9)                           145,629     -   9,749     + 145,629       143,409 
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 30, 2008
Wednesday
Apr 23, 2008
Wednesday
May 2, 2007
Assets                                                    
Gold certificate account                                         11,037                 0                 0 
Special drawing rights certificate account                        2,200                 0                 0 
Coin                                                              1,460         +      38         +     387 
Securities, repurchase agreements, term auction           
      credit, and other loans                                   793,955         +   3,751         -  41,331 
   Securities held outright                                     548,692         +      31         - 238,518 
      U.S. Treasury (1)                                         548,692         +      31         - 238,518 
         Bills (2)                                               70,317                 0         - 206,702 
         Notes and bonds, nominal (2)                           434,317         -     734         -  37,619 
         Notes and bonds, inflation-indexed (2)                  39,171         +     734         +   4,712 
         Inflation compensation (3)                               4,887         +      30         +   1,091 
      Federal agency (2)                                              0                 0                 0 
   Repurchase agreements (4)                                    115,500         +   6,000         +  67,500 
   Term auction credit                                          100,000                 0         + 100,000 
   Other loans                                                   29,763         -   2,280         +  29,687 
Items in process of collection                      (590)         1,352         -     857         -   2,632 
Bank premises                                                     2,158         +      12         +     155 
Other assets (5)                                                 76,879         -   1,712         +  37,847 
      Total assets                                  (590)       889,040         +   1,230         -   5,575 
                                                          
Liabilities                                               
Federal Reserve notes, net of FR Bank holdings                  777,090         +     449         +   4,927 
Reverse repurchase agreements (6)                                40,704         +     792         -     717 
Deposits                                              (0)        25,645         +   2,555         -  11,949 
  Depository institutions                                        20,299         +   3,199         +   8,426 
  U.S. Treasury, general account                                  4,955         -     615         -  20,395 
  Foreign official                                                  106         -      12         +      13 
  Other                                               (0)           285         -      17         +       7 
Deferred availability cash items                    (590)         3,075         -   1,303         -   2,045 
Other liabilities and accrued dividends (7)                       2,994         -   1,164         -   2,898 
      Total liabilities                             (590)       849,509         +   1,330         -  12,681 
                                                          
Capital Accounts                                          
Capital paid in                                                  19,606         +       3         +   3,731 
Surplus                                                          18,476         +       4         +   3,102 
Other capital accounts                                            1,449         -     108         +     273 
      Total capital                                              39,531         -     100         +   7,106 
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 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        18,962        30,495     +   8,338        75,500        40,704  
16 days to 90 days       50,000        10,801        38,195     -  12,689        40,000             0  
91 days to 1 year           ---             0       102,339     +   2,902           ---           ---  
Over 1 to 5 years           ---           ---       197,438     +   1,461           ---           ---  
Over 5 to 10 years          ---           ---        85,914     +       7           ---           ---  
Over 10 years               ---           ---        94,311     +      12           ---           ---  
          
All                     100,000        29,763       548,692     +      31       115,500        40,704  
 
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 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         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                                           1,460          51          67         109         137         164         167         175          61          66          97         157         208 
Securities, repurchase agreements, term                            
      auction credit, and other loans        793,955      28,360     347,866      29,031      25,686      69,241      68,193      59,923      25,095      12,581      24,697      27,551      75,731 
   Securities held outright                  548,692      23,014     195,221      23,957      20,806      49,755      54,594      48,427      18,961      10,359      20,147      22,760      60,691 
      U.S. Treasury (1)                      548,692      23,014     195,221      23,957      20,806      49,755      54,594      48,427      18,961      10,359      20,147      22,760      60,691 
         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)                 478,375      20,065     170,203      20,887      18,140      43,378      47,597      42,221      16,531       9,031      17,565      19,843      52,913 
      Federal agency (2)                           0           0           0           0           0           0           0           0           0           0           0           0           0 
      Repurchase agreements (4)              115,500       4,845      41,094       5,043       4,380      10,473      11,492      10,194       3,991       2,181       4,241       4,791      12,776 
      Term auction credit                    100,000         500      84,024           0         500       8,755       2,100         801       2,075         37          50           0       1,158  
      Other loans                             29,763           1      27,526          32           0         258           7         500          68           5         260           0       1,106 
Items in process of collection                 1,942          52           0         299         486          56         147          23          21         153         296         191         217 
Bank premises                                  2,158         118         213          65         151         200         228         207         124         112         276         255         208 
Other assets (5)                              76,879       4,071      21,708       6,593       4,831      17,784       6,166       3,999       1,143       1,463       1,218       1,837       6,068 
Interdistrict settlement account                   0     + 4,073     -57,070     + 3,341     + 4,828     - 3,952     +14,057     +12,610     + 2,583     + 3,728     + 4,274     + 3,820     + 7,708 
          Total Assets                       889,630      37,265     317,593      39,974      36,645      84,531      90,346      78,062      29,442      18,331      31,273      34,544      91,624 
 
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 30, 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             982,429      38,224     338,609      41,243      39,159      79,834     115,205      84,356      31,521      18,416      32,041      55,914     107,906 
  Less: notes held by F.R. Banks              205,339       5,724      58,400       7,872       8,129      13,984      33,985      14,370       4,398       2,812       3,555      24,856      27,254 
    Federal Reserve notes, net                777,090      32,500     280,210      33,371      31,031      65,850      81,220      69,986      27,123      15,603      28,487      31,058      80,652 
Reverse repurchase agreements (1)              40,704       1,707      14,482       1,777       1,543       3,691       4,050       3,592       1,407         768       1,495       1,688       4,502 
Deposits                                       25,645         521      12,505         449         471       3,953       1,170       1,312         325         895         489         779       2,777 
  Depository institutions                      20,299         512       7,306         445         469       3,852       1,167       1,310         306         894         487         778       2,774 
  U.S. Treasury, general account                4,955           0       4,955           0           0           0           0           0           0           0           0           0           0 
  Foreign official                                106           2          76           4           3          11           3           2           0           1           0           1           3 
  Other                                           285           7         169           0           0          90           0           0          18           0           1           0           0 
Deferred availability cash items                3,665         203           0         521         744         284         286         312          54         290         255         216         500 
Other liabilities and accrued                                                 
  dividends (2)                                 2,994         166         380         194         191         501         374         309         158         104         134         168         314 
                                                                    
    Total liabilities                         850,099      35,097     307,577      36,312      33,980      74,279      87,100      75,511      29,067      17,661      30,860      33,910      88,745 
                                                                    
Capital                                                             
Capital paid in                                19,606       1,087       4,903       1,851       1,340       5,174       1,609       1,260         182         315         200         257       1,426 
Surplus                                        18,476       1,050       4,643       1,811       1,291       4,998       1,425         815         180         355         194         364       1,350 
Other capital                                   1,449          30         470           0          34          80         211         476          13           0          20          13         102 
     Total liabilities and capital            889,630      37,265     317,593      39,974      36,645      84,531      90,346      78,062      29,442      18,331      31,273      34,544      91,624 
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 30, 2008
Federal Reserve notes outstanding          982,429  
   Less: Notes held by F.R. Banks         
         not subject to collateralization   205,339  
      Federal Reserve notes to be         
         collateralized                    777,090  
Collateral held against Federal Reserve             
   notes                                   777,090  
   Gold certificate account                 11,037  
   Special drawing rights certificate     
     account                                 2,200  
   U.S. Treasury and agency securities    
     pledged (1)                           623,410  
   Other assets pledged                    140,443  
                                          
Memo:                                     
Total U.S. Treasury and agency            
       securities (1)                      664,192  
   Less: face value of securities under   
         reverse repurchase agreements      40,782  
      U.S. Treasury and agency securities  
             eligible to be pledged        623,410  
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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