Federal Reserve Statistical Release, H.4.1, Factors Affecting Reserve Balances; title with eagle logo links to Statistical Release home page
Release Date:  May 22, 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 22, 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
May 21, 2008
Week ended
May 21, 2008
Change from week ended
May 14, 2008 May 23, 2007
                                                              
Reserve Bank credit                                         871,207     +   4,994     +  21,236       883,337 
 Securities held outright                                   502,831     -  17,223     - 287,322       502,863 
    U.S. Treasury (1)                                       502,831     -  17,223     - 287,322       502,863 
       Bills (2)                                             41,155     -   9,312     - 235,864        41,155 
       Notes and bonds, nominal (2)                         417,391     -   7,998     -  57,281       417,391 
       Notes and bonds, inflation-indexed (2)                39,171             0     +   4,712        39,171 
       Inflation compensation (3)                             5,114     +      86     +   1,111         5,146 
    Federal agency (2)                                            0             0             0             0 
 Repurchase agreements (4)                                  123,357     +  27,536     + 101,286       134,000 
 Term auction credit                                        125,000             0     + 125,000       125,000 
 Other loans                                                 27,791     -   3,254     +  27,649        28,871 
    Primary credit                                           13,536     -     880     +  13,494        15,264 
    Secondary credit                                              0     -       1             0             0 
    Seasonal credit                                              46     +       9     -      55            52 
    Primary dealer credit facility                          14,209    -   2,383    +  14,209       13,555 
    Other credit extensions                                       0             0             0             0 
 Float                                                         -912     +     297     +      25        -1,563 
 Other Federal Reserve assets                                93,140     -   2,361     +  54,599        94,168 
Gold stock                                                   11,041             0             0        11,041 
Special drawing rights certificate account                    2,200             0             0         2,200 
Treasury currency outstanding (5)                            38,777     +      14     +     334        38,777 
                                                              
Total factors supplying reserve funds                       923,225     +   5,009     +  21,570       935,355 
                                                                          
Currency in circulation (5)                                 817,761     +   2,001     +   8,943       820,510 
Reverse repurchase agreements (6)                            38,348     -     703     +   6,133        37,026 
   Foreign official and international accounts               38,348     -     703     +   6,133        37,026 
   Dealers                                                        0             0             0             0 
Treasury cash holdings                                          251     -       4     -      15           272 
Deposits with F.R. Banks, other than reserve balances        11,829     -     308     +      78        11,855 
  U.S. Treasury, general account                              4,399     -     258     -     514         4,420 
  Foreign official                                               98             0     +       4            98 
  Service-related                                             7,045             0     +     576         7,045 
     Required clearing balances                               7,045     +       1     +     576         7,045 
     Adjustments to compensate for float                          0     -       1             0             0 
  Other                                                         288     -      48     +      13           292 
Other liabilities and capital                                44,505     +     942     +   5,445        44,874 
                                                              
Total factors, other than reserve balances,                                                       
   absorbing reserve funds                                  912,694     +   1,928     +  20,584       914,537 
                                                              
Reserve balances with Federal Reserve Banks                  10,531     +   3,081     +     986        20,818 
                                                                          
                                                              
Memo (off-balance-sheet items):                               
  Marketable securities held in custody for foreign           
         official and international accounts (2,7)        2,276,672     -   2,002     + 331,936     2,281,658 
     U.S. Treasury                                        1,337,621     -  11,027     + 115,884     1,340,300 
     Federal agency                                         939,051     +   9,026     + 216,052       941,358 
  Securities lent to dealers                                131,069     -  19,472     + 126,913       129,021 
     Overnight facility (8)                                   8,942     -   3,510     +   4,786         9,431 
     Term facility (9)                                      122,127     -  15,962     + 122,127       119,590 
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 asset-backed and 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
May 21, 2008
Wednesday
May 14, 2008
Wednesday
May 23, 2007
Assets                                                    
Gold certificate account                                         11,037                 0                 0 
Special drawing rights certificate account                        2,200                 0                 0 
Coin                                                              1,345         -      41         +     440 
Securities, repurchase agreements, term auction           
      credit, and other loans                                   790,733         +  22,172         -  30,817 
   Securities held outright                                     502,863         -  12,793         - 287,319 
      U.S. Treasury (1)                                         502,863         -  12,793         - 287,319 
         Bills (2)                                               41,155         -   8,455         - 235,864 
         Notes and bonds, nominal (2)                           417,391         -   4,425         -  57,281 
         Notes and bonds, inflation-indexed (2)                  39,171                 0         +   4,712 
         Inflation compensation (3)                               5,146         +      87         +   1,114 
      Federal agency (2)                                              0                 0                 0 
   Repurchase agreements (4)                                    134,000         +  34,000         + 102,750 
   Term auction credit                                          125,000                 0         + 125,000 
   Other loans                                                   28,871         +     966         +  28,753 
Items in process of collection                      (426)           883         -   1,399         -   2,252 
Bank premises                                                     2,151         +       4         +     137 
Other assets (5)                                                 91,901         -   1,238         +  55,066 
      Total assets                                  (426)       900,249         +  19,497         +  22,573 
                                                          
Liabilities                                               
Federal Reserve notes, net of FR Bank holdings                  783,345         +   2,556         +   9,239 
Reverse repurchase agreements (6)                                37,026         -   2,088         +   4,408 
Deposits                                              (0)        32,557         +  17,598         +   4,663 
  Depository institutions                                        27,747         +  17,173         +   4,524 
  U.S. Treasury, general account                                  4,420         +     400         +     108 
  Foreign official                                                   98         +       1         +       5 
  Other                                               (0)           292         +      24         +      26 
Deferred availability cash items                    (426)         2,447         -     182         -   1,861 
Other liabilities and accrued dividends (7)                       3,926         +   1,192         -   1,994 
      Total liabilities                             (426)       859,301         +  19,077         +  14,454 
                                                          
Capital accounts                                          
Capital paid in                                                  19,923         +      62         +   3,902 
Surplus                                                          18,479                 0         +   3,105 
Other capital accounts                                            2,547         +     358         +   1,113 
      Total capital                                              40,949         +     421         +   8,120 
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, May 21, 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          125,000        17,264        16,613     -  13,443        94,000        37,026  
16 days to 90 days            0        11,607        36,535     +   2,988        40,000             0  
91 days to 1 year           ---             0        87,041     +     310           ---           ---  
Over 1 to 5 years           ---           ---       176,232     -  11,511           ---           ---  
Over 5 to 10 years          ---           ---        90,046     +   6,847           ---           ---  
Over 10 years               ---           ---        96,396     +   2,016           ---           ---  
          
All                     125,000        28,871       502,863     -  12,793       134,000        37,026  
 
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 May 21, 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                                           1,345          44          64          99         115         170         156         167          50          60          88         144         189 
Securities, repurchase agreements, term                            
      auction credit, and other loans        790,733      27,244     350,722      27,806      26,450      68,227      67,560      58,009      24,211      13,763      23,553      28,818      74,371 
   Securities held outright                  502,863      21,092     178,915      21,956      19,068      45,599      50,034      44,382      17,377       9,493      18,464      20,859      55,622 
      U.S. Treasury (1)                      502,863      21,092     178,915      21,956      19,068      45,599      50,034      44,382      17,377       9,493      18,464      20,859      55,622 
         Bills (2)                            41,155       1,726      14,643       1,797       1,561       3,732       4,095       3,632       1,422         777       1,511       1,707       4,552 
         Notes and bonds (3)                 461,707      19,366     164,273      20,159      17,508      41,867      45,939      40,750      15,955       8,717      16,953      19,152      51,070 
      Federal agency (2)                           0           0           0           0           0           0           0           0           0           0           0           0           0 
      Repurchase agreements (4)              134,000       5,620      47,676       5,851       5,081      12,151      13,333      11,827       4,631       2,530       4,920       5,558      14,822 
      Term auction credit                    125,000         530      97,072           0       2,300      10,459       4,160       1,226       2,105      1,715         150       2,400       2,883  
      Other loans                             28,871           1      27,059           0           0          19          33         574          98          25          19           0       1,044 
Items in process of collection                 1,309          58           0          89         226         155          16          56          32         120         182         163         212 
Bank premises                                  2,151         118         214          65         151         197         228         205         122         112         277         254         208 
Other assets (5)                              91,901       4,952      25,238       8,288       5,942      22,255       7,255       4,549       1,208       1,749       1,310       2,081       7,075 
Interdistrict settlement account                   0     + 4,730     -57,170     + 4,068     + 3,359     - 8,358     +20,539     +15,199     + 2,991     + 1,241     + 4,718     + 2,853     + 5,830 
          Total assets                       900,675      37,686     323,877      40,951      36,770      83,683      97,141      79,310      29,027      17,274      30,543      35,047      89,368 
 
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 May 21, 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             984,851      37,712     341,283      40,782      39,009      80,108     119,165      83,430      30,980      18,133      31,671      55,815     106,764 
  Less: notes held by F.R. Banks              201,506       5,211      59,051       7,606       7,912      13,485      32,245      13,835       4,231       2,916       3,656      24,117      27,239 
    Federal Reserve notes, net                783,345      32,500     282,231      33,176      31,097      66,622      86,920      69,595      26,748      15,217      28,015      31,697      79,525 
Reverse repurchase agreements (1)              37,026       1,553      13,174       1,617       1,404       3,357       3,684       3,268       1,279         699       1,360       1,536       4,095 
Deposits                                       32,557       1,074      16,914       1,567         731       2,432       2,556       3,255         402         317         387         863       2,059 
  Depository institutions                      27,747       1,042      12,252       1,563         725       2,347       2,553       3,255         391         317         385         862       2,056 
  U.S. Treasury, general account                4,420           0       4,420           0           0           0           0           0           0           0           0           0           0 
  Foreign official                                 98           2          68           4           3          11           3           2           0           1           0           1           3 
  Other                                           292          30         174           0           3          74           0          -2          11           0           1           0           0 
Deferred availability cash items                2,873         163           0         396         543         237         251         241          51         239         217         117         418 
Other liabilities and accrued                                                 
  dividends (2)                                 3,926         169       1,293         197         195         495         376         313         153         109         132         172         322 
                                                                    
    Total liabilities                         859,727      35,459     313,612      36,953      33,970      73,144      93,786      76,672      28,634      16,582      30,111      34,385      86,419 
                                                                    
Capital                                                             
Capital paid in                                19,923       1,088       4,933       2,042       1,398       5,173       1,625       1,280         183         316         207         260       1,418 
Surplus                                        18,479       1,050       4,643       1,814       1,291       4,998       1,425         815         180         355         194         364       1,351 
Other capital                                   2,547          90         688         142         110         369         304         543          30          21          32          38         179 
     Total liabilities and capital            900,675      37,686     323,877      40,951      36,770      83,683      97,141      79,310      29,027      17,274      30,543      35,047      89,368 
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
May 21, 2008
Federal Reserve notes outstanding          984,851  
   Less: Notes held by F.R. Banks         
         not subject to collateralization   201,506  
      Federal Reserve notes to be         
         collateralized                    783,345  
Collateral held against Federal Reserve             
   notes                                   783,345  
   Gold certificate account                 11,037  
   Special drawing rights certificate     
     account                                 2,200  
   U.S. Treasury and agency securities    
     pledged (1)                           599,911  
   Other assets pledged                    170,197  
                                          
Memo:                                     
Total U.S. Treasury and agency            
       securities (1)                      636,863  
   Less: face value of securities under   
         reverse repurchase agreements      36,951  
      U.S. Treasury and agency securities  
             eligible to be pledged        599,911  
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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